Interim Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

The following table presents summary quarterly financial data:



(in millions, except per share amounts)	2019															2018
Quarter ended	Mar-31			Jun-30			Sep-30			Dec-31			Year			Mar-31			Jun-30			Sep-30			Dec-31			Year
Net sales	$	2,566		$	2,551		$	2,492		$	2,559		$	10,168		$	2,784		$	2,694		$	2,478		$	2,574		$	10,530
Cost of sales	2,047			2,038			1,968			2,014			8,067			2,193			2,114			1,963			2,030			8,300
Gross profit	519			513			524			545			2,101			591			580			515			544			2,230
Selling, general and administrative expenses	226			212			230			205			873			253			237			230			226			946
Other expense (income), net	29			16			18			(138		)	(75		)	5			30			7			52			94
Operating income	264			285			276			478			1,303			333			313			278			266			1,190
Equity in affiliates’ earnings, net of tax	(9		)	(9		)	(7		)	(7		)	(32		)	(10		)	(13		)	(15		)	(11		)	(49		)
Interest income	(3		)	(2		)	(4		)	(3		)	(12		)	(2		)	(1		)	(1		)	(2		)	(6		)
Interest expense	14			14			15			12			55			16			15			14			14			59
Other postretirement expense (income)	—			27			(1		)	1			27			(3		)	(2		)	(3		)	(2		)	(10		)
Earnings before income taxes and noncontrolling interest	262			255			273			475			1,265			332			314			283			267			1,196
Provision for income taxes	91			73			66			238			468			95			30			67			19			211
Net earnings	171			182			207			237			797			237			284			216			248			985
Net earnings attributable to the noncontrolling interest, net of tax	11			10			13			17			51			12			12			12			18			54
Net earnings attributable to BorgWarner Inc. (a)	$	160		$	172		$	194		$	220		$	746		$	225		$	272		$	204		$	230		$	931

Earnings per share — basic	$	0.77		$	0.84		$	0.94		$	1.07		$	3.63		$	1.07		$	1.30		$	0.98		$	1.11		$	4.47
Earnings per share — diluted	$	0.77		$	0.83		$	0.94		$	1.06		$	3.61		$	1.07		$	1.30		$	0.98		$	1.10		$	4.44