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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING      
Net cash provided by operating activities $ 1,569 $ 1,306 $ 1,184
INVESTING      
Capital expenditures, including tooling outlays (723) (666) (441)
Capital expenditures for damage to property, plant and equipment 0 (2) (20)
Insurance proceeds received for damage to property, plant and equipment 0 5 20
Payments for businesses acquired, net of cash and restricted cash acquired (312) (759) (449)
Proceeds from sale of businesses, net of cash divested 27 22 0
Proceeds from settlement of net investment hedges, net 40 11 10
Payments for investments in debt and equity securities, net (473) (20) (2)
Proceeds from asset disposals and other, net 23 14 16
Net cash used in investing activities (1,418) (1,395) (866)
FINANCING      
Net (decrease) increase in notes payable 0 (8) 8
Additions to debt 5 1,286 1,178
Repayments of debt, including current portion (13) (699) (331)
Payments for debt issuance costs 0 (11) (10)
Payments for purchase of treasury stock (240) 0 (216)
Payments for stock-based compensation items (18) (15) (13)
(Purchase of) capital contribution from noncontrolling interest (59) (33) 4
Dividends paid to BorgWarner stockholders (161) (162) (146)
Dividends paid to noncontrolling stockholders (81) (72) (37)
Net cash (used in) provided by financing activities (567) 286 437
Effect of exchange rate changes on cash (90) (3) 63
Net increase in cash, cash equivalents and restricted cash (506) 194 818
Cash, cash equivalents and restricted cash at beginning of year 1,844 1,650 832
Cash, cash equivalents and restricted cash at end of year $ 1,338 $ 1,844 $ 1,650