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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]    
Sales $ 42,836 $ 42,797
Costs and expenses    
Cost of goods sold 37,037 37,185
Selling, general and administrative 2,061 2,050
Depreciation 1,510 1,436
Amortization of acquired intangible assets 112 88
Interest expense, net 211 156
Equity income (101) (112)
Other expense, net 464 388
Income from operations before income taxes 1,542 1,606
Income taxes 446 320
Net income 1,096 1,286
Income attributable to non-controlling interests (87) (73)
Net income attributable to Magna International Inc. $ 1,009 $ 1,213
Earnings per Common Share:    
Basic $ 3.52 $ 4.24
Diluted $ 3.52 $ 4.23
Weighted average number of Common Shares outstanding during the year [in millions]:    
Basic 286.8 286.2
Diluted 286.9 286.6