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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Cash, cash equivalents and restricted cash $ 1,390 $ 1,844
Receivables, net 3,134 2,898
Inventories, net 1,653 1,534
Prepayments and other current assets 303 321
Total current assets 6,480 6,597
Property, plant and equipment, net 4,151 4,395
Investments and long-term receivables 442 530
Goodwill 3,284 3,279
Other intangible assets, net 1,083 1,091
Other non-current assets 704 683
Total assets 16,144 16,575
LIABILITIES AND EQUITY    
Notes payable and other short-term debt 60 66
Accounts payable 2,298 2,276
Other current liabilities 1,293 1,456
Total current liabilities 3,651 3,798
Long-term debt 4,156 4,261
Retirement-related liabilities 261 290
Other non-current liabilities 905 964
Total liabilities 8,973 9,313
Commitments and contingencies
Common stock 3 3
Capital in excess of par value 2,633 2,637
Retained earnings 7,005 6,671
Accumulated other comprehensive loss (816) (551)
Common stock held in treasury, at cost (1,936) (1,812)
Total BorgWarner Inc. stockholders’ equity 6,889 6,948
Noncontrolling interest 282 314
Total equity 7,171 7,262
Total liabilities and equity $ 16,144 $ 16,575