XML 37 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
Reporting Segments (Tables)
9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Net Sales by Reporting Segment

Net Sales by Reporting Segment
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(millions of dollars)
2012
 
2011
 
2012
 
2011
Engine
$
1,168.0

 
$
1,258.2

 
$
3,745.8

 
$
3,805.5

Drivetrain
534.4

 
538.7

 
1,739.7

 
1,550.8

Inter-segment eliminations
(7.2
)
 
(5.1
)
 
(21.4
)
 
(15.3
)
Net sales
$
1,695.2

 
$
1,791.8

 
$
5,464.1

 
$
5,341.0

Segment Earnings Before Interest and Income Taxes

Adjusted Earnings Before Interest, Income Taxes and Noncontrolling Interest (“Adjusted EBIT”)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(millions of dollars)
2012
 
2011
 
2012
 
2011
Engine
$
184.1

 
$
188.2

 
$
604.4

 
$
571.5

Drivetrain
44.1

 
43.5

 
159.9

 
114.4

Adjusted EBIT
228.2

 
231.7

 
764.3

 
685.9

Loss from disposal activities
1.8

 

 
39.7

 

Restructuring expense
27.4

 

 
27.4

 

Patent infringement settlement, net of legal costs incurred

 

 

 
(29.1
)
Corporate, including equity in affiliates' earnings and stock-based compensation
24.9

 
21.4

 
82.2

 
80.6

Interest income
(1.0
)
 
(1.3
)
 
(3.7
)
 
(3.5
)
Interest expense and finance charges
5.0

 
18.5

 
32.7

 
57.4

Earnings before income taxes and noncontrolling interest
170.1

 
193.1

 
586.0

 
580.5

Provision for income taxes
64.2

 
46.4

 
190.2

 
137.1

Net earnings
105.9

 
146.7

 
395.8

 
443.4

Net earnings attributable to the noncontrolling interest, net of tax
4.8

 
5.1

 
16.1

 
15.3

Net earnings attributable to BorgWarner Inc. 
$
101.1

 
$
141.6

 
$
379.7

 
$
428.1

Segment assets

Total Assets
(millions of dollars)
September 30,
2012
 
December 31,
2011
Engine
$
3,343.8

 
$
3,329.0

Drivetrain
1,628.3

 
1,562.8

Total
4,972.1

 
4,891.8

Corporate (a)
1,374.4

 
1,066.8

Total assets
$
6,346.5

 
$
5,958.6

____________________________________
(a)
Corporate assets include investments and advances and deferred income taxes