STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2024

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

The changes of the Stockholders’ Equity items during the three and six months ended June 30, 2024 and 2023, 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, March 31, 2024	$	3	$	2,632	$	(2,236)	$	6,325	$	(883)	$	201	$	6,042
Dividends declared ($0.11 per share*)	—		—		—		(25)		—		(20)		(45)
Issuance for executive stock plan, net of tax	—		3		—		—		—		—		3
Issuance of restricted stock, net of tax	—		10		(1)		—		—		—		9
Net earnings	—		—		—		303		—		14		317
Other comprehensive loss	—		—		—		—		(55)		(3)		(58)
Spin-Off of PHINIA	—		—		—		17		—		—		17
Balance, June 30, 2024	$	3	$	2,645	$	(2,237)	$	6,620	$	(938)	$	192	$	6,285

	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, March 31, 2023	$	3	$	2,661	$	(2,031)	$	7,632	$	(824)	$	238	$	7,679
Dividends declared ($0.17 per share*)	—		—		—		(40)		—		—		(40)
Issuance for executive stock plan, net of tax	—		10		—		—		—		—		10
Issuance of restricted stock, net of tax	—		(12)		24		—		—		—		12
Purchase of noncontrolling interest	—		(2)		—		—		—		(13)		(15)
Net earnings	—		—		—		204		—		18		222
Other comprehensive loss	—		—		—		—		(74)		(13)		(87)
Balance, June 30, 2023	$	3	$	2,657	$	(2,007)	$	7,796	$	(898)	$	230	$	7,781

	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, 2023	$	3	$	2,689	$	(2,188)	$	6,152	$	(828)	$	238	$	6,066
Dividends declared ($0.22 per share*)	—		—		—		(50)		—		(67)		(117)
Issuance for executive stock plan, net of tax	—		(22)		21		—		—		—		(1)
Issuance of restricted stock, net of tax	—		(22)		30		—		—		—		8
Purchase of treasury stock	—		—		(100)		—		—		—		(100)
Net earnings	—		—		—		509		—		29		538
Other comprehensive loss	—		—		—		—		(110)		(8)		(118)
Spin-Off of PHINIA	—		—		—		9		—		—		9
Balance, June 30, 2024	$	3	$	2,645	$	(2,237)	$	6,620	$	(938)	$	192	$	6,285

	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 ($0.34 per share*)	—		—		—		(79)		—		(58)		(137)
Issuance for executive stock plan, net of tax	—		—		5		—		—		—		5
Issuance of restricted stock, net of tax	—		(16)		20		—		—		—		4
Purchase of noncontrolling interest	—		(2)		—		—		—		(13)		(15)
Net earnings	—		—		—		421		—		31		452
Other comprehensive loss	—		—		—		—		(22)		(14)		(36)
Balance, June 30, 2023	$	3	$	2,657	$	(2,007)	$	7,796	$	(898)	$	230	$	7,781

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