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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash $ 916 $ 739
Receivables, net 1,983 1,988
Inventories, net 810 781
Prepayments and other current assets 278 250
Assets held for sale 0 47
Total current assets 3,987 3,805
Property, plant and equipment, net 2,812 2,904
Investments and other long-term receivables 694 592
Goodwill 1,818 1,853
Other intangible assets, net 404 439
Other non-current assets 484 502
Total assets 10,199 10,095
LIABILITIES AND EQUITY    
Notes payable and other short-term debt 419 173
Accounts payable and accrued expenses 2,048 2,144
Income taxes payable 58 59
Liabilities held for sale 0 23
Total current liabilities 2,525 2,399
Long-term debt 1,656 1,941
Other non-current liabilities:    
Asbestos-related liability 723 755
Retirement-related liabilities 273 298
Other 444 357
Total other non-current liabilities 1,440 1,410
Common stock 3 3
Capital in excess of par value 1,129 1,146
Retained earnings 5,757 5,336
Accumulated other comprehensive loss (779) (674)
Common stock held in treasury (1,653) (1,585)
Total BorgWarner Inc. stockholders’ equity 4,457 4,226
Noncontrolling interest 121 119
Total equity 4,578 4,345
Total liabilities and equity $ 10,199 $ 10,095