REPORTING SEGMENTS AND RELATED INFORMATION (Tables)

3 Months Ended

Mar. 31, 2022

Schedule of net sales by reporting segment

The following tables show segment information and Segment Adjusted Operating Income for the Company’s reporting segments:Net Sales by Reporting Segment


	Three Months Ended March 31, 2022						Three Months Ended March 31, 2021
(in millions)	Customers		Inter-segment		Net		Customers		Inter-segment		Net
Air Management	$	1,895	$	36	$	1,931	$	1,968	$	43	$	2,011
e-Propulsion & Drivetrain	1,346		44		1,390		1,419		47		1,466
Fuel Injection	430		42		472		427		48		475
Aftermarket	203		2		205		195		2		197
Inter-segment eliminations	—		(124)		(124)		—		(140)		(140)
Net sales	$	3,874	$	—	$	3,874	$	4,009	$	—	$	4,009

Schedule of segment earnings before interest and income taxes

Segment Adjusted Operating Income


	Three Months Ended March 31,
(in millions)	2022		2021
Air Management	$	257	$	329
e-Propulsion & Drivetrain	119		149
Fuel Injection	52		34
Aftermarket	24		21
Segment Adjusted Operating Income	452		533
Corporate, including stock-based compensation	63		69
Merger, acquisition and divestiture expense	23		13

Intangible asset amortization expense	23		20
Restructuring expense (Note 5)	15		30
Gain on sale of business (Note 3)	(24)		—

Net gain on insurance recovery for property damage	—		(2)



Equity in affiliates’ earnings, net of tax	(8)		(12)
Unrealized loss on equity securities	39		272
Interest expense, net	15		18
Other postretirement income	(9)		(11)
Earnings before income taxes and noncontrolling interest	315		136
Provision for income taxes	91		42
Net earnings	224		94
Net earnings attributable to noncontrolling interest, net of tax	24		29
Net earnings attributable to BorgWarner Inc.	$	200	$	65