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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING    
Net earnings $ 199.6 $ 173.2
Adjustments to reconcile net earnings to net cash flows from operations:    
Depreciation and amortization 97.3 94.4
Restructuring expense, net of cash paid 0.0 0.1
Stock-based compensation expense 13.1 9.6
Deferred income tax provision 20.6 23.9
Equity in affiliates’ earnings, net of dividends received, and other (9.5) (15.7)
Net earnings adjusted for non-cash charges to operations 321.1 285.5
Changes in assets and liabilities:    
Receivables (215.4) (155.8)
Inventories (5.5) (17.9)
Prepayments and other current assets (8.7) 0.5
Accounts payable and accrued expenses (16.3) (43.6)
Income taxes payable (16.5) (25.8)
Other non-current assets and liabilities 1.6 (8.5)
Net cash provided by operating activities 60.3 34.4
INVESTING    
Capital expenditures, including tooling outlays (130.9) (104.3)
Proceeds from asset disposals and other 0.3 (1.1)
Payment for venture capital investment (1.5) 0.0
Net cash used in investing activities (132.7) (103.2)
FINANCING    
Net increase in notes payable 74.4 19.7
Repayments of long-term debt, including current portion (6.4) (8.7)
Payments for purchase of treasury stock (31.0) (79.5)
Payments for stock-based compensation items (1.3) (7.6)
Dividends paid to BorgWarner stockholders (29.7) (28.2)
Dividends paid to noncontrolling stockholders (21.8) (20.5)
Net cash used in financing activities (15.8) (124.8)
Effect of exchange rate changes on cash 2.9 8.2
Net decrease in cash (85.3) (185.4)
Cash at beginning of year 443.7 577.7
Cash at end of period 358.4 392.3
Cash paid during the period for:    
Interest 31.9 29.3
Income taxes, net of refunds $ 78.5 $ 84.4