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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
OPERATING    
Net earnings $ 236.8 $ 199.6
Adjustments to reconcile net earnings to net cash flows from operations:    
Depreciation and amortization 109.2 97.3
Stock-based compensation expense 14.7 13.1
Deferred income tax provision 8.2 20.6
Restructuring expense, net of cash paid 6.9 0.0
Equity in affiliates’ earnings, net of dividends received, and other (11.0) (9.5)
Net earnings adjusted for non-cash charges to operations 364.8 321.1
Changes in assets and liabilities:    
Receivables (187.1) (215.4)
Inventories (27.5) (5.5)
Prepayments and other current assets (13.6) (8.7)
Accounts payable and accrued expenses (109.1) (16.3)
Income taxes payable 3.1 (16.5)
Other assets and liabilities 4.1 1.6
Net cash provided by operating activities 34.7 60.3
INVESTING    
Capital expenditures, including tooling outlays (160.4) (130.9)
Payments for venture capital investment (0.6) (1.5)
Proceeds from asset disposals and other 0.1 (0.3)
Net cash used in investing activities (160.9) (132.7)
FINANCING    
Net increase in notes payable 117.4 74.4
Additions to long-term debt, net of debt issuance costs 12.1 0.0
Repayments of long-term debt, including current portion (10.0) (6.4)
Payments for purchase of treasury stock (55.2) (31.0)
Payments for stock-based compensation items (14.4) (1.3)
Dividends paid to BorgWarner stockholders (35.6) (29.7)
Dividends paid to noncontrolling stockholders (17.8) (21.8)
Net cash used in financing activities (3.5) (15.8)
Effect of exchange rate changes on cash (5.9) 2.9
Net decrease in cash (135.6) (85.3)
Cash at beginning of year 545.3 443.7
Cash at end of period 409.7 358.4
Cash paid during the period for:    
Interest 30.6 31.9
Income taxes, net of refunds $ 80.2 $ 78.5