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BorgWarner Inc. and Consolidated Subsidiaries Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING      
Net earnings $ 646.4 $ 687.5 $ 651.0
Adjustments to reconcile net earnings to net cash flows from operations:      
Depreciation and amortization 320.2 330.4 299.4
Restructuring expense, net of cash paid 36.3 45.8 48.5
Gain on previously held equity interest (10.8) 0.0 0.0
Pension settlement loss 25.7 3.1 0.0
Stock-based compensation expense 40.2 32.1 36.6
Deferred income tax provision (benefit) 13.3 42.3 (22.9)
Equity in affiliates’ earnings, net of dividends received, and other (21.9) (5.2) (21.3)
Net earnings adjusted for non-cash charges to operations 1,049.4 1,136.0 991.3
Changes in assets and liabilities:      
Receivables (81.8) (248.7) (91.7)
Inventories (52.9) (39.7) (14.8)
Prepayments and other current assets (9.4) 12.7 (14.2)
Accounts payable and accrued expenses 23.1 129.1 33.1
Income taxes payable 34.6 (28.7) (30.0)
Other non-current assets and liabilities (95.1) (158.9) (154.9)
Net cash provided by operating activities 867.9 801.8 718.8
INVESTING      
Proceeds from settlement of net investment hedges 13.1    
Capital expenditures, including tooling outlays [1] (577.3) (563.0) (417.8)
Proceeds from asset disposals and other 4.7 8.4 33.0
Payments for businesses acquired, including restricted cash, net of cash acquired (1,199.6) (110.5) 0.0
Net cash used in investing activities (1,759.1) (665.1) (384.8)
FINANCING      
Net (decrease) increase in notes payable (316.7) 493.2 (44.4)
Additions to long-term debt, net of debt issuance costs 1,569.2 130.5 289.5
Repayments of long-term debt, including current portion (29.8) (431.6) (77.0)
Repayments of accounts receivable securitization facility   (110.0)  
Payments for purchase of treasury stock (349.8) (139.9) (225.5)
Proceeds from (payments for) stock-based compensation items 3.7 (6.7) (7.9)
Dividends paid to BorgWarner stockholders (116.7) (116.1) (56.8)
Dividends paid to noncontrolling stockholders (23.3) (21.1) (13.3)
Net cash provided by (used in) financing activities 736.6 (201.7) (135.4)
Effect of exchange rate changes on cash (65.5) (76.7) 25.2
Net (decrease) increase in cash (220.1) (141.7) 223.8
Cash at beginning of year 797.8 939.5 715.7
Cash at end of year 577.7 797.8 939.5
Net Cash Paid During Period For [Abstract]      
Interest 70.2 49.5 50.4
Income taxes, net of refunds 183.8 229.7 252.9
Non Cash Investing Transactions [Abstract]      
Liabilities assumed from business acquired 31.1 3.2 0.0
Non-cash financing transactions [Abstract]      
Debt assumed from business acquired $ 10.9 $ 40.3 $ 0.0
[1] Long-lived asset expenditures include capital expenditures and tooling outlays.