REPORTABLE SEGMENTS AND RELATED INFORMATION (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Net Sales and Total Assets by Reporting Segment

The following tables show segment information and Segment Adjusted Operating Income (Loss) for the Company’s reportable segments:

Net Sales by Reportable Segment

	Three Months Ended June 30, 2023						Six Months Ended June 30, 2023
(in millions)	Customers		Inter-segment		Net		Customers		Inter-segment		Net
Air Management	$	2,003	$	24	$	2,027	$	3,956	$	50	$	4,006
Drivetrain & Battery Systems	1,117		1		1,118		2,072		1		2,073
Fuel Systems	545		60		605		1,052		121		1,173
ePropulsion	519		48		567		958		96		1,054
Aftermarket	336		3		339		662		7		669
Inter-segment eliminations	—		(136)		(136)		—		(275)		(275)
Net sales	$	4,520	$	—	$	4,520	$	8,700	$	—	$	8,700

	Three Months Ended June 30, 2022						Six Months Ended June 30, 2022
(in millions)	Customers		Inter-segment		Net		Customers		Inter-segment		Net
Air Management	$	1,692	$	32	$	1,724	$	3,444	$	48	$	3,492
Drivetrain & Battery Systems	896		—		896		1,791		—		1,791
Fuel Systems	474		42		516		1,003		104		1,107
ePropulsion	374		58		432		768		104		872
Aftermarket	323		3		326		627		6		633
Inter-segment eliminations	—		(135)		(135)		—		(262)		(262)
Net sales	$	3,759	$	—	$	3,759	$	7,633	$	—	$	7,633

Total Assets by Reportable Segment

(in millions)	June 30, 2023		December 31, 2022
Air Management	$	5,568	$	5,376
Drivetrain & Battery Systems	3,951		3,963
ePropulsion	2,800		2,453
Fuel Systems	2,231		2,227
Aftermarket	1,329		1,281
Total	15,879		15,300
Corporate	1,438		1,694
Consolidated	$	17,317	$	16,994

Schedule of Segment Earnings Before Interest and Income Taxes

Segment Adjusted Operating Income (Loss)

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2023		2022		2023		2022
Air Management	$	307	$	244	$	592	$	495
Drivetrain & Battery Systems	140		113		250		226
Fuel Systems	57		44		105		110
Aftermarket	52		51		97		90
ePropulsion	(19)		(42)		(53)		(59)
Segment Adjusted Operating Income	537		410		991		862
Corporate, including stock-based compensation	63		62		121		125
Merger, acquisition and divestiture expense, net	56		9		86		32
Intangible asset amortization expense	24		27		48		50
Restructuring expense (Note 5)	12		27		19		42
Service and lease agreement termination	9		—		9		—
Gain on sale of business	(5)		—		(5)		(24)
Gain on sale of asset	(6)		—		(6)		—
Other non-comparable items	1		13		(4)		13
Equity in affiliates’ earnings, net of tax	(14)		(11)		(18)		(19)
Unrealized loss (gain) on debt and equity securities	54		(11)		69		28
Interest expense, net	12		15		22		30
Other postretirement expense (income)	3		(9)		5		(18)
Earnings before income taxes and noncontrolling interest	328		288		645		603
Provision for income taxes	106		57		193		148
Net earnings	222		231		$	452	$	455
Net earnings attributable to noncontrolling interest, net of tax	18		15		31		39
Net earnings attributable to BorgWarner Inc.	$	204	$	216	$	421	$	416