XML 42 R36.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Reconciliation
The following table reconciles the numerators and denominators used to calculate basic and diluted earnings per share of common stock:
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(in millions, except per share amounts)
2011
 
2010
 
2011
 
2010
Basic earnings per share:
 
 
 
 
 
 
 
Net earnings attributable to BorgWarner Inc.
$
162.0


 
$
82.8


 
$
286.5


 
$
159.0


Weighted average shares of common stock outstanding
108.761


 
115.362


 
109.697


 
115.869


Basic earnings per share of common stock
$
1.49


 
$
0.72


 
$
2.61


 
$
1.37


 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
Net earnings attributable to BorgWarner Inc.
$
162.0


 
$
82.8


 
$
286.5


 
$
159.0


Adjustment for net interest expense on convertible notes
5.4


 
5.1


 
10.6


 
10.1


Diluted net earnings attributable to BorgWarner Inc.
$
167.4


 
$
87.9


 
$
297.1


 
$
169.1


 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
108.761


 
115.362


 
109.697


 
115.869


 
 
 
 
 
 
 
 
Effect of 3.50% convertible notes
11.389


 
11.389


 
11.389


 
11.389


Effect of warrant
5.421


 
0.118


 
5.419


 
0.059


Effect of stock-based compensation
2.571


 
2.209


 
2.678


 
2.055


Total dilutive effect on weighted average shares of common stock outstanding
19.381


 
13.716


 
19.486


 
13.503


Weighted average shares of common stock outstanding including dilutive shares
128.142


 
129.078


 
129.183


 
129.372


Diluted earnings per share of common stock
$
1.31


 
$
0.68


 
$
2.30


 
$
1.31


 
 
 
 
 
 
 
 
Total anti-dilutive shares:
 
 
 
 
 
 
 
Bond hedge
6.317


 
1.808


 
6.314


 
1.526