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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash, cash equivalents and restricted cash $ 1,534 $ 1,083
Receivables, net 3,109 2,471
Inventories, net 1,313 1,217
Prepayments and other current assets 261 230
Current assets of discontinued operations 0 1,616
Total current assets 6,217 6,617
Property, plant and equipment, net 3,783 3,426
Investments and long-term receivables 364 819
Goodwill 3,013 2,978
Other intangible assets, net 564 619
Other non-current assets 512 489
Non-current assets of discontinued operations 0 2,046
Total assets 14,453 16,994
LIABILITIES AND EQUITY    
Notes payable and other short-term debt 73 60
Accounts payable 2,546 2,146
Other current liabilities 1,148 1,084
Current liabilities of discontinued operations 0 946
Total current liabilities 3,767 4,236
Long-term debt 3,707 4,140
Retirement-related liabilities 146 129
Other non-current liabilities 767 686
Non-current liabilities of discontinued operations 0 295
Total liabilities 8,387 9,486
Commitments and contingencies
Capital stock:    
Preferred stock, $0.01 par value; authorized shares: 5,000,000; none issued and outstanding 0 0
Capital in excess of par value 2,689 2,675
Retained earnings 6,152 7,454
Accumulated other comprehensive loss (828) (876)
Common stock held in treasury, at cost: (2023 - 53,792,081 shares; 2022 - 49,453,665 shares) (2,188) (2,032)
Total BorgWarner Inc. stockholders’ equity 5,828 7,224
Noncontrolling interest 238 284
Total equity 6,066 7,508
Total liabilities and equity 14,453 16,994
Issued common stock    
Capital stock:    
Common stock 3 3
Nonvoting Common Stock    
Capital stock:    
Common stock $ 0 $ 0