INTERIM FINANCIAL INFORMATION (UNAUDITED)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

INTERIM FINANCIAL INFORMATION (UNAUDITED)

The following table presents summary quarterly financial information for the years ended December 31, 2023 and 2022. The table presents recast financial information reflecting the presentation of discontinued operations related to the Spin-Off:


(in millions, except per share amounts)	2023										2022
Quarter ended	Mar-31		Jun-30		Sep-30		Dec-31		Year		Mar-31		Jun-30		Sep-30		Dec-31		Year
Net sales	$	3,383	$	3,671	$	3,622	$	3,522	$	14,198	$	3,079	$	3,013	$	3,226	$	3,317	$	12,635

Gross profit	578		679		652		659		2,568		575		548		607		639		2,369



Operating income	273		334		272		281		1,160		270		209		265		265		1,009












Amounts attributable to BorgWarner Inc.:
Net earnings from continuing operations	$	166	$	230	$	87	$	149	$	632	$	130	$	161	$	173	$	172	$	636
Net earnings (loss) from discontinued operations	51		(26)		(37)		5		(7)		70		54		102		82		308
Net earnings attributable to BorgWarner Inc.	$	217	$	204	$	50	$	154	$	625	$	200	$	215	$	275	$	254	$	944

Earnings per share from continuing operations — basic	$	0.72	$	0.99	$	0.37	$	0.64	$	2.71	$	0.55	$	0.68	$	0.74	$	0.74	$	2.70
Earnings per share from discontinued operations — basic	$	0.21	$	(0.11)	$	(0.16)	$	0.02	$	(0.03)	$	0.29	$	0.23	$	0.43	$	0.35	$	1.31
Earnings per share attributable to BorgWarner Inc. — basic1	$	0.93	$	0.87	$	0.21	$	0.67	$	2.68	$	0.84	$	0.91	$	1.17	$	1.09	$	4.01

Earnings per share from continuing operations — diluted	$	0.72	$	0.97	$	0.37	$	0.64	$	2.70	$	0.54	$	0.68	$	0.73	$	0.73	$	2.69
Earnings per share from discontinued operations — diluted	$	0.21	$	(0.10)	$	(0.16)	$	0.02	$	(0.03)	$	0.30	$	0.23	$	0.42	$	0.36	$	1.30
Earnings per share attributable to BorgWarner Inc. — diluted1	$	0.93	$	0.87	$	0.21	$	0.66	$	2.67	$	0.84	$	0.91	$	1.15	$	1.09	$	3.99

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1 Due to the use of quarterly weighted average shares outstanding for computing earnings per share, the sum of the quarterly per share amounts may not equal the per share amount for the year.