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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash and cash equivalents $ 2,121 $ 832
Receivables, net 1,977 1,921
Inventories, net 815 807
Prepayments and other current assets 252 276
Total current assets 5,165 3,836
Property, plant and equipment, net 2,824 2,925
Investments and other long-term receivables 305 318
Goodwill 1,855 1,842
Other intangible assets, net 371 402
Other non-current assets 372 379
Total assets 10,892 9,702
LIABILITIES AND EQUITY    
Notes payable and other short-term debt 49 286
Accounts payable and accrued expenses 2,127 1,977
Income taxes payable 23 66
Total current liabilities 2,199 2,329
Long-term debt 2,787 1,674
Other non-current liabilities:    
Retirement-related liabilities 290 306
Other 698 549
Total other non-current liabilities 988 855
Common stock 3 3
Capital in excess of par value 1,128 1,145
Retained earnings 5,979 5,942
Accumulated other comprehensive loss (730) (727)
Common stock held in treasury, at cost (1,623) (1,657)
Total BorgWarner Inc. stockholders’ equity 4,757 4,706
Noncontrolling interest 161 138
Total equity 4,918 4,844
Total liabilities and equity $ 10,892 $ 9,702