XML 101 R87.htm IDEA: XBRL DOCUMENT v3.6.0.2
Reporting Segments and Related Information - Quarterly Information (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Asbestos-related charge                 $ 703.6 $ 0.0 $ 0.0
Net sales $ 2,259.0 $ 2,214.2 $ 2,329.2 $ 2,268.6 $ 2,123.1 $ 1,884.0 $ 2,031.9 $ 1,984.2 9,071.0 8,023.2 8,305.1
Cost of sales 1,758.0 1,743.1 1,832.5 1,804.3 1,676.2 1,485.8 1,602.9 1,555.2 7,137.9 6,320.1 6,548.7
Gross profit 501.0 471.1 496.7 464.3 446.9 398.2 429.0 429.0 1,933.1 1,703.1 1,756.4
Selling, general and administrative expenses 217.1 209.7 202.3 188.4 178.4 148.0 167.4 168.2 817.5 662.0 698.9
Other expense, net 741.9 111.1 25.0 11.7 68.0 13.1 19.1 1.2 889.7 101.4 93.8
Operating income (458.0) 150.3 269.4 264.2 200.5 237.1 242.5 259.6 225.9 939.7 963.7
Equity in affiliates’ earnings, net of tax (11.3) (12.4) (10.1) (9.1) (11.7) (8.7) (11.1) (8.5) (42.9) (40.0) (47.3)
Interest income (1.6) (1.6) (1.5) (1.6) (2.2) (2.0) (1.6) (1.7) (6.3) (7.5) (5.5)
Interest expense and finance charges 19.5 22.4 21.4 21.3 17.8 15.0 17.6 10.0 84.6 60.4 36.4
Earnings before income taxes and noncontrolling interest (464.6) 141.9 259.6 253.6 196.6 232.8 237.6 259.8 190.5 926.8 980.1
Provision for income taxes (183.1) 48.8 84.2 80.4 61.2 66.9 80.2 72.1 30.3 280.4 292.6
Net earnings (281.5) 93.1 175.4 173.2 135.4 165.9 157.4 187.7 160.2 646.4 687.5
Net earnings attributable to the noncontrolling interest, net of tax 11.8 9.8 11.0 9.1 10.1 8.5 9.3 8.8 41.7 36.7 31.7
Net earnings attributable to BorgWarner Inc. $ (293.3) $ 83.3 $ 164.4 $ 164.1 $ 125.3 $ 157.4 $ 148.1 $ 178.9 $ 118.5 $ 609.7 $ 655.8
Earnings per share — basic $ (1.39) $ 0.39 $ 0.76 $ 0.75 $ 0.57 $ 0.70 $ 0.66 $ 0.79 $ 0.55 $ 2.72 $ 2.89
Earnings per share — diluted $ (1.39) $ 0.39 $ 0.76 $ 0.75 $ 0.56 $ 0.70 $ 0.65 $ 0.79 $ 0.55 $ 2.70 $ 2.86
Pension settlement loss                 $ 0.0 $ 25.7 $ 3.1
Merger and acquisition expense $ 4.8 $ 5.9 $ 7.2 $ 5.8 $ 17.9 $ 3.9     23.7 21.8 0.0
Tax benefits associated with asbestos-related charge 263.0               263.0    
Tax (expenses) benefits associated with loss on divestiture (4.9)               22.7    
Tax benefits associated with intangible asset impairment 4.4               4.4    
Effective income tax rate reconciliation, asset impairment expense   27.6                  
Tax expense on gain from customer contract expiration     (2.6)           (2.2)    
Tax expense global realignment plan           4.5 $ 10.3        
Restructuring expense   1.3 19.2 6.4 24.4 6.3 10.5 $ 9.4 26.9 65.7 90.8
Tax impact of other tax settlements             3.9        
Intangible asset impairment                 12.6 0.0 10.3
Loss on divestiture 20.6               127.1 0.0 0.0
Tax benefit associated with restructuring   0.5 4.4 1.0 0.4 0.7 2.2 1.2 6.0 3.7 15.3
Tax benefits related to partial reversal of a gain with customer contract expiration   0.4                  
Tax benefit on intangible asset impairment                     0.4
Other tax benefits                   9.0 1.1
Tax impact of other tax adjustments 4.9 2.4 $ 0.3 $ 1.0 $ 7.7 0.4 1.3 2.4 8.6 9.9  
Asset Impairment Charges   $ 106.5                  
Tax benefit associated with merger and acquisition expense                   3.8  
Gain on previously held equity interest                 $ 0.0 10.8 0.0
Corporate and Other [Member]                      
Restructuring expense           $ 3.0 $ 9.4 $ 2.7   $ 12.5 $ 12.0
U.S. Plans:                      
Loss on divestiture $ 20.6