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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Total Equity
Issued common stock
Common stock held in treasury
Common stock held in treasury
Restricted Stock
Capital in excess of par value
Retained earnings
Accumulated other comprehensive income (loss)
Noncontrolling interests
Beginning balance (in shares) at Dec. 31, 2020     283,575,876            
Beginning Balance, common stock held in treasury (in shares) at Dec. 31, 2020       (44,645,173)          
Beginning balance at Dec. 31, 2020   $ 6,724 $ 3 $ (1,834)   $ 2,614 $ 6,296 $ (651) $ 296
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Dividends declared   (246)         (162) [1]   (84) [1]
Net issuance for executive stock plan (in shares)       89,787          
Net issuance for executive stock plan   21   $ 2   19      
Net issuance of restricted stock (in shares)         756,402        
Net issuance of restricted stock   25     $ 20 5      
Acquisition of AKASOL   96             96
Purchase and reclass of noncontrolling interest   (91)       (1)     (90)
Net earnings $ 537 639         537   102
Other comprehensive income (loss) 100             100  
Comprehensive income 733 94             (6)
Spin-Off of PHINIA 0                
Ending balance (in shares) at Dec. 31, 2021     283,575,876            
Ending Balance, common stock held in treasury (in shares) at Dec. 31, 2021       (43,798,984)          
Ending balance at Dec. 31, 2021   7,262 $ 3 $ (1,812)   2,637 6,671 (551) 314
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Dividends declared   (246)         (161) [1]   (85) [1]
Net issuance for executive stock plan (in shares)       181,212          
Net issuance for executive stock plan   32   $ 4   28      
Net issuance of restricted stock (in shares)         583,021        
Net issuance of restricted stock   25     $ 16 9      
Purchases of treasury stock (shares)       (6,418,914)          
Purchase and reclass of noncontrolling interest   (240)   $ (240)          
Purchase/sale of noncontrolling interest   (2)       1     (3)
Net earnings 944 1,026         944   82
Other comprehensive income (loss) (325)             (325)  
Comprehensive income 677 (349)             (24)
Spin-Off of PHINIA $ 0                
Ending balance (in shares) at Dec. 31, 2022 283,575,876   283,575,876            
Ending Balance, common stock held in treasury (in shares) at Dec. 31, 2022 (49,453,665)     (49,453,665)          
Ending balance at Dec. 31, 2022 $ 7,508 7,508 $ 3 $ (2,032)   2,675 7,454 (876) 284
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Dividends declared   (225)         (130) [1]   (95) [1]
Net issuance for executive stock plan (in shares)       238,708          
Net issuance for executive stock plan   14   $ 5   9      
Net issuance of restricted stock (in shares)         687,799        
Net issuance of restricted stock   23     $ 16 7      
Purchases of treasury stock (shares)       (5,264,923)          
Purchase and reclass of noncontrolling interest   (177)   $ (177)          
Purchase/sale of noncontrolling interest   (15)       (2)     (13)
Net earnings 625 695         625   70
Other comprehensive income (loss) 48             64  
Comprehensive income 735 56             (8)
Spin-Off of PHINIA $ 10 (1,813)         (1,797) (16)  
Ending balance (in shares) at Dec. 31, 2023 283,575,876   283,575,876            
Ending Balance, common stock held in treasury (in shares) at Dec. 31, 2023 (53,792,081)     (53,792,081)          
Ending balance at Dec. 31, 2023 $ 6,066 $ 6,066 $ 3 $ (2,188)   $ 2,689 $ 6,152 $ (828) $ 238
[1] Dividends declared relate to BorgWarner common stock.