XML 17 R3.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash, cash equivalents and restricted cash $ 1,338 $ 1,844
Receivables, net 3,323 2,898
Inventories, net 1,687 1,534
Prepayments and other current assets 269 321
Total current assets 6,617 6,597
Property, plant and equipment, net 4,365 4,395
Investments and long-term receivables 896 530
Goodwill 3,397 3,279
Other intangible assets, net 1,051 1,091
Other non-current assets 668 683
Total assets 16,994 16,575
LIABILITIES AND EQUITY    
Notes payable and other short-term debt 62 66
Accounts payable 2,684 2,276
Other current liabilities 1,490 1,456
Total current liabilities 4,236 3,798
Long-term debt 4,166 4,261
Retirement-related liabilities 223 290
Other non-current liabilities 861 964
Total liabilities 9,486 9,313
Commitments and contingencies
Capital stock:    
Preferred stock, $0.01 par value; authorized shares: 5,000,000; none issued and outstanding $ 0 $ 0
Common stock outstanding (in shares) 234,122,211 239,776,892
Common stock issued (in shares) 283,575,876 283,575,876
Common stock, par value (in dollar per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 390,000,000 390,000,000
Capital in excess of par value $ 2,675 $ 2,637
Retained earnings 7,454 6,671
Accumulated other comprehensive loss (876) (551)
Common stock held in treasury, at cost: (2022 - 49,453,665 shares; 2021 - 43,798,984 shares) (2,032) (1,812)
Total BorgWarner Inc. stockholders’ equity 7,224 6,948
Noncontrolling interest 284 314
Total equity 7,508 7,262
Total liabilities and equity 16,994 16,575
Issued common stock    
Capital stock:    
Common stock $ 3 $ 3
Nonvoting Common Stock    
Capital stock:    
Common stock outstanding (in shares) 0 0
Common stock issued (in shares) 0 0
Common stock, par value (in dollar per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 25,000,000 25,000,000
Common stock $ 0 $ 0