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BorgWarner Inc. and Consolidated Subsidiaries Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]                      
Net sales $ 2,572.8 $ 2,478.5 $ 2,694.0 $ 2,784.3 $ 2,586.4 $ 2,416.2 $ 2,389.7 $ 2,407.0 $ 10,529.6 $ 9,799.3 $ 9,071.0
Cost of sales 2,030.0 1,962.9 2,114.8 2,192.5 2,021.6 1,894.6 1,876.8 1,890.7 8,300.2 7,683.7 7,142.3
Gross profit 542.8 515.6 579.2 591.8 564.8 521.6 512.9 516.3 2,229.4 2,115.6 1,928.7
Selling, general and administrative expenses 225.8 230.5 236.0 253.4 240.0 225.0 215.1 219.0 945.7 899.1 818.0
Other expense, net 51.4 7.1 30.4 4.9 117.0 22.0 (0.3) 5.8 93.8 144.5 137.5
Operating income 265.6 278.0 312.8 333.5 207.8 274.6 298.1 291.5 1,189.9 1,072.0 973.2
Equity in affiliates’ earnings, net of tax (10.5) (15.2) (13.0) (10.2) (12.7) (14.4) (14.4) (9.7) (48.9) (51.2) (42.9)
Interest income (2.0) (1.5) (1.4) (1.5) (1.6) (1.3) (1.4) (1.5) (6.4) (5.8) (6.3)
Interest expense and finance charges 13.3 14.4 14.9 16.1 16.9 17.6 18.0 18.0 58.7 70.5 84.6
Other postretirement income (2.0) (2.4) (2.4) (2.6) (1.2) (1.3) (1.4) (1.2) (9.4) (5.1) (4.9)
Earnings before income taxes and noncontrolling interest 266.8 282.7 314.7 331.7 206.4 274.0 297.3 285.9 1,195.9 1,063.6 942.7
Provision for income taxes 19.2 66.8 30.4 94.9 338.4 79.4 76.2 86.3 211.3 580.3 306.0
Net earnings 247.6 215.9 284.3 236.8 (132.0) 194.6 221.1 199.6 984.6 483.3 636.7
Net earnings attributable to the noncontrolling interest, net of tax 17.6 12.1 12.5 11.7 14.2 9.7 9.1 10.4 53.9 43.4 41.7
Net earnings attributable to BorgWarner Inc. $ 230.0 $ 203.8 $ 271.8 $ 225.1 $ (146.2) $ 184.9 $ 212.0 $ 189.2 $ 930.7 $ 439.9 $ 595.0
Earnings per share — basic $ 1.11 $ 0.98 $ 1.30 $ 1.07 $ (0.70) $ 0.88 $ 1.01 $ 0.89 $ 4.47 $ 2.09 $ 2.78
Earnings per share — diluted $ 1.10 $ 0.98 $ 1.30 $ 1.07 $ (0.70) $ 0.88 $ 1.00 $ 0.89 $ 4.44 $ 2.08 $ 2.76
Weighted average shares outstanding (thousands):                      
Basic                 208,197 210,429 214,374
Diluted                 209,496 211,548 215,328