XML 36 R3.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
BorgWarner Inc. and Consolidated Subsidiaries Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]                      
Net sales $ 2,559 $ 2,492 $ 2,551 $ 2,566 $ 2,574 $ 2,478 $ 2,694 $ 2,784 $ 10,168 $ 10,530 $ 9,799
Cost of sales 2,014 1,968 2,038 2,047 2,030 1,963 2,114 2,193 8,067 8,300 7,684
Gross profit 545 524 513 519 544 515 580 591 2,101 2,230 2,115
Selling, general and administrative expenses 205 230 212 226 226 230 237 253 873 946 899
Other (income) expense, net (138) 18 16 29 52 7 30 5 (75) 94 144
Operating income 478 276 285 264 266 278 313 333 1,303 1,190 1,072
Equity in affiliates’ earnings, net of tax (7) (7) (9) (9) (11) (15) (13) (10) (32) (49) (51)
Interest income (3) (4) (2) (3) (2) (1) (1) (2) (12) (6) (6)
Interest expense 12 15 14 14 14 14 15 16 55 59 71
Other postretirement income 1 (1) 27 0 (2) (3) (2) (3) 27 (10) (5)
Earnings before income taxes and noncontrolling interest 475 273 255 262 267 283 314 332 1,265 1,196 1,063
Provision for income taxes 238 66 73 91 19 67 30 95 468 211 580
Net earnings 237 207 182 171 248 216 284 237 797 985 483
Net earnings attributable to the noncontrolling interest, net of tax 17 13 10 11 18 12 12 12 51 54 43
Net earnings attributable to BorgWarner Inc. $ 220 $ 194 $ 172 $ 160 $ 230 $ 204 $ 272 $ 225 $ 746 $ 931 $ 440
Earnings per share — basic $ 1.07 $ 0.94 $ 0.84 $ 0.77 $ 1.11 $ 0.98 $ 1.30 $ 1.07 $ 3.63 $ 4.47 $ 2.09
Earnings per share — diluted $ 1.06 $ 0.94 $ 0.83 $ 0.77 $ 1.10 $ 0.98 $ 1.30 $ 1.07 $ 3.61 $ 4.44 $ 2.08
Weighted average shares outstanding:                      
Basic                 205.7 208.2 210.4
Diluted                 206.8 209.5 211.5