XML 43 R37.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Reporting Segments (Tables)
6 Months Ended
Jun. 30, 2011
Segment Reporting [Abstract]  
Net Sales by Reporting Segment
Net Sales by Reporting Segment
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(millions of dollars)
2011
 
2010
 
2011
 
2010
Engine
$
1,297.9


 
$
1,017.6


 
$
2,547.3


 
$
1,923.6


Drivetrain
525.7


 
408.7


 
1,012.1


 
794.5


Inter-segment eliminations
(4.8
)
 
(4.6
)
 
(10.2
)
 
(9.6
)
Net sales
$
1,818.8


 
$
1,421.7


 
$
3,549.2


 
$
2,708.5




Segment Earnings Before Interest and Income Taxes
Adjusted Earnings Before Interest, Income Taxes and Noncontrolling Interest (“Adjusted EBIT”)
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(millions of dollars)
2011
 
2010
 
2011
 
2010
Engine
$
197.2


 
$
132.8


 
$
383.3


 
$
239.5


Drivetrain
38.9


 
37.3


 
70.9


 
74.0


Adjusted EBIT
236.1


 
170.1


 
454.2


 
313.5


Patent infringement settlement, net of legal costs incurred
(29.1
)
 


 
(29.1
)
 


Environmental litigation settlement


 
28.0


 


 
28.0


BERU - Eichenauer equity investment gain


 
(8.0
)
 


 
(8.0
)
Corporate, including equity in affiliates' earnings and stock-based compensation
28.8


 
22.8


 
59.2


 
50.3


Interest income
(1.2
)
 
(0.6
)
 
(2.2
)
 
(1.2
)
Interest expense and finance charges
20.5


 
14.2


 
38.9


 
28.4


Earnings before income taxes and noncontrolling interest
217.1


 
113.7


 
387.4


 
216.0


Provision for income taxes
49.8


 
26.0


 
90.7


 
46.9


Net earnings
167.3


 
87.7


 
296.7


 
169.1


Net earnings attributable to the noncontrolling interest, net of tax
5.3


 
4.9


 
10.2


 
10.1


Net earnings attributable to BorgWarner Inc. 
$
162.0


 
$
82.8


 
$
286.5


 
$
159.0




Segment assets
Total Assets
(millions of dollars)
June 30,
2011
 
December 31,
2010
Engine
$
3,566.2


 
$
3,277.7


Drivetrain
1,614.9


 
1,230.5


Total
5,181.1


 
4,508.2


Corporate (a)
1,044.9


 
1,046.8


Total assets
$
6,226.0


 
$
5,555.0


____________________________________
(a)
Corporate assets include equity in affiliates, investments and advances and deferred income taxes.