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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 1,841 $ 1,650
Restricted cash 3 0
Receivables, net 2,898 2,919
Inventories, net 1,534 1,286
Prepayments and other current assets 321 312
Total current assets 6,597 6,167
Property, plant and equipment, net 4,395 4,591
Investments and long-term receivables 530 820
Goodwill 3,279 2,627
Other intangible assets, net 1,091 1,096
Other non-current assets 683 728
Total assets 16,575 16,029
LIABILITIES AND EQUITY    
Notes payable and other short-term debt 66 49
Accounts payable 2,276 2,352
Other current liabilities 1,456 1,409
Total current liabilities 3,798 3,810
Long-term debt 4,261 3,738
Retirement-related liabilities 290 576
Other non-current liabilities 964 1,181
Total liabilities 9,313 9,305
Commitments and contingencies
Capital stock:    
Preferred stock, $0.01 par value; authorized shares: 5,000,000; none issued and outstanding 0 0
Capital in excess of par value 2,637 2,614
Retained earnings 6,671 6,296
Accumulated other comprehensive loss (551) (651)
Common stock held in treasury, at cost: (2021 - 43,798,984 shares; 2020 - 44,645,173 shares) (1,812) (1,834)
Total BorgWarner Inc. stockholders’ equity 6,948 6,428
Noncontrolling interest 314 296
Total equity 7,262 6,724
Total liabilities and equity 16,575 16,029
Issued common stock    
Capital stock:    
Common stock 3 3
Nonvoting Common Stock    
Capital stock:    
Common stock $ 0 $ 0