XML 53 R43.htm IDEA: XBRL DOCUMENT v3.20.2
Reporting Segments (Tables)
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Schedule of net sales by reporting segment The following tables show segment information and Adjusted EBIT for the Company's reporting segments.
Net Sales by Reporting Segment
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in millions)2020201920202019
Engine$1,476 $1,514 $3,736 $4,681 
Drivetrain1,075 993 2,542 2,973 
Inter-segment eliminations(17)(15)(39)(45)
Net sales$2,534 $2,492 $6,239 $7,609 
Schedule of segment earnings before interest and income taxes
Adjusted EBIT
Three Months Ended
September 30,
Nine Months Ended
September 30,
(in millions)2020201920202019
Engine$225 $241 $461 $731 
Drivetrain131 100 195 307 
Adjusted EBIT356 341 656 1,038 
Restructuring expense20 14 72 41 
Merger, acquisition and divestiture expense16 58 10 
Asset impairments— — 26 — 
Net gain on insurance recovery for property damage(3)— (9)— 
Unfavorable arbitration loss— — — 14 
Officer stock awards modification— — — 
Corporate, including stock-based compensation39 47 114 146 
Equity in affiliates’ earnings, net of tax(3)(7)(10)(25)
Interest income(3)(4)(8)(9)
Interest expense20 15 50 43 
Other postretirement (income) expense(2)(1)(5)26 
Earnings before income taxes and noncontrolling interest272 273 368 790 
Provision for income taxes143 66 186 230 
Net earnings$129 $207 $182 $560 
Net earnings attributable to the noncontrolling interest, net of tax18 13 40 34 
Net earnings attributable to BorgWarner Inc. $111 $194 $142 $526 
Schedule of segment assets
Total Assets
September 30,December 31,
(in millions)20202019
Engine$4,451 $4,536 
Drivetrain4,082 4,075 
Total8,533 8,611 
Corporate *2,359 1,091 
Total assets$10,892 $9,702 
____________________________________    
*    Corporate assets include cash and cash equivalents, investments and other long-term receivables, and certain deferred income taxes.