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Earnings Per Share (Tables)
9 Months Ended
Sep. 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
September 30,
 
Nine Months Ended
September 30,
(in millions, except per share amounts)
2011
 
2010
 
2011
 
2010
Basic earnings per share:
 
 
 
 
 
 
 
Net earnings attributable to BorgWarner Inc.
$
141.6

 
$
106.7

 
$
428.1

 
$
265.7

Weighted average shares of common stock outstanding
108.779

 
112.757

 
109.391

 
114.831

Basic earnings per share of common stock
$
1.30

 
$
0.95

 
$
3.91

 
$
2.31

 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
Net earnings attributable to BorgWarner Inc.
$
141.6

 
$
106.7

 
$
428.1

 
$
265.7

Adjustment for net interest expense on convertible notes
5.4

 
5.0

 
16.0

 
15.1

Diluted net earnings attributable to BorgWarner Inc.
$
147.0

 
$
111.7

 
$
444.1

 
$
280.8

 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
108.779

 
112.757

 
109.391

 
114.831

 
 
 
 
 
 
 
 
Effect of 3.50% convertible notes
11.389

 
11.389

 
11.389

 
11.389

Effect of warrant
5.158

 
1.596

 
5.332

 
0.584

Effect of stock-based compensation
2.614

 
2.062

 
2.657

 
1.731

Total dilutive effect on weighted average shares of common stock outstanding
19.161

 
15.047

 
19.378

 
13.704

 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding including dilutive shares
127.940

 
127.804

 
128.769

 
128.535

Diluted earnings per share of common stock
$
1.15

 
$
0.87

 
$
3.45

 
$
2.18

 
 
 
 
 
 
 
 
Total anti-dilutive shares:
 
 
 
 
 
 
 
Bond hedge
6.092

 
3.064

 
6.240

 
2.037