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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING    
Net cash provided by operating activities $ 679 $ 764
INVESTING    
Capital expenditures, including tooling outlays (511) (494)
Capital expenditures for damage to property, plant and equipment 0 (2)
Insurance proceeds received for damage to property, plant and equipment 0 5
Payments for businesses acquired, net of cash acquired (288) (759)
Proceeds from settlement of net investment hedges, net 40 21
Proceeds from (payments for) investments in equity securities 27 (15)
Proceeds from the sale of business, net 25 0
Proceeds from asset disposals and other, net 21 6
Net cash used in investing activities (686) (1,238)
FINANCING    
Net decrease in notes payable 0 (8)
Additions to debt 2 1,273
Payments for debt issuance costs 0 (10)
Repayments of debt, including current portion (9) (698)
Payments for purchase of treasury stock (240) 0
Payments for stock-based compensation items (18) (14)
Purchase of noncontrolling interest (59) (33)
Dividends paid to BorgWarner stockholders (121) (122)
Dividends paid to noncontrolling stockholders (48) (38)
Net cash (used in) provided by financing activities (493) 350
Effect of exchange rate changes on cash (103) (16)
Net decrease in cash, cash equivalents and restricted cash (603) (140)
Cash, cash equivalents and restricted cash at beginning of year 1,844 1,650
Cash, cash equivalents and restricted cash at end of period $ 1,241 $ 1,510