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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2012
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)
2012
 
2011
 
2012
 
2011
Basic earnings per share:
 
 
 
 
 
 
 
Net earnings attributable to BorgWarner Inc.
$
120.6

 
$
162.0

 
$
278.6

 
$
286.5

Weighted average shares of common stock outstanding
112.139

 
108.761

 
110.280

 
109.697

Basic earnings per share of common stock
$
1.08

 
$
1.49

 
$
2.53

 
$
2.61

 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
Net earnings attributable to BorgWarner Inc.
$
120.6

 
$
162.0

 
$
278.6

 
$
286.5

Adjustment for net interest expense on convertible notes
0.8

 
5.4

 
5.8

 
10.6

Diluted net earnings attributable to BorgWarner Inc.
$
121.4

 
$
167.4

 
$
284.4

 
$
297.1

 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
112.139

 
108.761

 
110.280

 
109.697

 
 
 
 
 
 
 
 
Effect of 3.50% convertible senior notes
1.898

 
11.389

 
6.644

 
11.389

Effect of warrant
5.499

 
5.421

 
5.656

 
5.419

Effect of stock-based compensation
1.937

 
2.571

 
2.028

 
2.678

Total dilutive effect on weighted average shares of common stock outstanding
9.334

 
19.381

 
14.328

 
19.486

 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding including dilutive shares
121.473

 
128.142

 
124.608

 
129.183

Diluted earnings per share of common stock
$
1.00

 
$
1.31

 
$
2.28

 
$
2.30

 
 
 
 
 
 
 
 
Total anti-dilutive shares:
 
 
 
 
 
 
 
Call options
1.108

 
6.317

 
3.879

 
6.314