CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash, cash equivalents and restricted cash	$ 848	$ 1,338
Receivables, net	3,856	3,323
Inventories, net	1,860	1,687
Prepayments and other current assets	312	269
Total current assets	6,876	6,617
Property, plant and equipment, net	4,482	4,365
Investments and long-term receivables	835	896
Goodwill	3,404	3,397
Other intangible assets, net	1,002	1,051
Other non-current assets	718	668
Total assets	17,317	16,994
LIABILITIES AND EQUITY
Notes payable and other short-term debt	65	62
Accounts payable	2,725	2,684
Other current liabilities	1,445	1,490
Total current liabilities	4,235	4,236
Long-term debt	4,191	4,166
Retirement-related liabilities	228	223
Other non-current liabilities	882	861
Total liabilities	9,536	9,486
Commitments and contingencies
Common stock	3	3
Capital in excess of par value	2,657	2,675
Retained earnings	7,796	7,454
Accumulated other comprehensive loss	(898)	(876)
Common stock held in treasury, at cost	(2,007)	(2,032)
Total BorgWarner Inc. stockholders’ equity	7,551	7,224
Noncontrolling interest	230	284
Total equity	7,781	7,508
Total liabilities and equity	$ 17,317	$ 16,994