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Earnings Per Share (Tables)
9 Months Ended
Sep. 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
September 30,
 
Nine Months Ended
September 30,
(in millions, except per share amounts)
2012
 
2011
 
2012
 
2011
Basic earnings per share:
 
 
 
 
 
 
 
Net earnings attributable to BorgWarner Inc.
$
101.1

 
$
141.6

 
$
379.7

 
$
428.1

Weighted average shares of common stock outstanding
114.299

 
108.779

 
111.619

 
109.391

Basic earnings per share of common stock
$
0.88

 
$
1.30

 
$
3.40

 
$
3.91

 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
Net earnings attributable to BorgWarner Inc.
$
101.1

 
$
141.6

 
$
379.7

 
$
428.1

Adjustment for net interest expense on convertible notes

 
5.4

 
5.8

 
16.0

Diluted net earnings attributable to BorgWarner Inc.
$
101.1

 
$
147.0

 
$
385.5

 
$
444.1

 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding
114.299

 
108.779

 
111.619

 
109.391

 
 
 
 
 
 
 
 
Effect of 3.50% convertible senior notes

 
11.389

 
4.429

 
11.389

Effect of warrant
2.208

 
5.158

 
4.507

 
5.332

Effect of stock-based compensation
1.992

 
2.614

 
2.016

 
2.657

Total dilutive effect on weighted average shares of common stock outstanding
4.200

 
19.161

 
10.952

 
19.378

 
 
 
 
 
 
 
 
Weighted average shares of common stock outstanding including dilutive shares
118.499

 
127.940

 
122.571

 
128.769

Diluted earnings per share of common stock
$
0.85

 
$
1.15

 
$
3.15

 
$
3.45

 
 
 
 
 
 
 
 
Total anti-dilutive shares:
 
 
 
 
 
 
 
Call options

 
6.092

 
2.586

 
6.240