STOCKHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2023

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

The changes of the Stockholders’ Equity items during the three and nine months ended September 30, 2023 and 2022, are as follows:

	BorgWarner Inc. stockholders' equity
(in millions)	Issued common stock		Capital in excess of par value		Treasury stock		Retained earnings		Accumulated other comprehensive income (loss)		Noncontrolling interests		Total
Balance, June 30, 2023	$	3	$	2,657	$	(2,007)	$	7,796	$	(898)	$	230	$	7,781
Dividends declared ($0.11 per share*)	—		—		—		(26)		—		(5)		(31)
Net issuance for executive stock plan	—		10		—		—		—		—		10
Net issuance of restricted stock	—		13		(3)		—		—		—		10
Net earnings	—		—		—		50		—		18		68
Other comprehensive loss	—		—		—		—		(1)		(4)		(5)
Spin-Off of PHINIA	—		—		—		(1,810)		(16)		—		(1,826)
Balance, September 30, 2023	$	3	$	2,680	$	(2,010)	$	6,010	$	(915)	$	239	$	6,007

	BorgWarner Inc. stockholders' equity
(in millions)	Issued common stock		Capital in excess of par value		Treasury stock		Retained earnings		Accumulated other comprehensive income (loss)		Noncontrolling interests		Total
Balance, June 30, 2022	$	3	$	2,633	$	(1,936)	$	7,005	$	(816)	$	282	$	7,171
Dividends declared ($0.17 per share*)	—		—		—		(39)		—		(15)		(54)
Net issuance for executive stock plan	—		6		(1)		—		—		—		5
Net issuance of restricted stock	—		11		(2)		—		—		—		9
Purchase of treasury stock	—		—		(100)		—		—		—		(100)
Net earnings	—		—		—		273		—		19		292
Other comprehensive loss	—		—		—		—		(262)		(24)		(286)
Balance, September 30, 2022	$	3	$	2,650	$	(2,039)	$	7,239	$	(1,078)	$	262	$	7,037

	BorgWarner Inc. stockholders' equity
(in millions)	Issued common stock		Capital in excess of par value		Treasury stock		Retained earnings		Accumulated other comprehensive income (loss)		Noncontrolling interests		Total
Balance, December 31, 2022	$	3	$	2,675	$	(2,032)	$	7,454	$	(876)	$	284	$	7,508
Dividends declared ($0.45 per share*)	—		—		—		(105)		—		(63)		(168)
Net issuance for executive stock plan	—		10		5		—		—		—		15
Net issuance of restricted stock	—		(3)		17		—		—		—		14
Purchase of noncontrolling interest	—		(2)		—		—		—		(13)		(15)
Net earnings	—		—		—		471		—		49		520
Other comprehensive loss	—		—		—		—		(23)		(18)		(41)
Spin-Off of PHINIA	—		—		—		(1,810)		(16)		—		(1,826)
Balance, September 30, 2023	$	3	$	2,680	$	(2,010)	$	6,010	$	(915)	$	239	$	6,007

	BorgWarner Inc. stockholders' equity
(in millions)	Issued common stock		Capital in excess of par value		Treasury stock		Retained earnings		Accumulated other comprehensive income (loss)		Noncontrolling interests		Total
Balance, December 31, 2021	$	3	$	2,637	$	(1,812)	$	6,671	$	(551)	$	314	$	7,262
Dividends declared ($0.51 per share*)	—		—		—		(121)		—		(64)		(185)
Net issuance for executive stock plan	—		6		4		—		—		—		10
Net issuance of restricted stock	—		6		9		—		—		—		15
Purchase/sale of noncontrolling interest	—		1		—		—		—		(4)		(3)
Purchase of treasury stock	—		—		(240)		—		—		—		(240)
Net earnings	—		—		—		689		—		58		747
Other comprehensive loss	—		—		—		—		(527)		(42)		(569)
Balance, September 30, 2022	$	3	$	2,650	$	(2,039)	$	7,239	$	(1,078)	$	262	$	7,037

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* Per share dividends amount declared relate to BorgWarner common stock.