XML 22 R5.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Net sales $ 14,086 $ 14,198 $ 12,635
Cost of sales 11,438 11,630 10,266
Gross profit 2,648 2,568 2,369
Selling, general and administrative expenses - R&D, net 1,350 1,316 1,290
Restructuring expense 74 79 48
Other operating expense (income), net 32 (16) (8)
Impairment charges 646 29 30
Operating income 546 1,160 1,009
Equity in affiliates’ earnings, net of tax (27) (30) (28)
Unrealized and realized loss on equity and debt securities (1) (174) (73)
Interest expense, net (20) (10) (51)
Other postretirement expense 13 15 0
Earnings from continuing operations before income taxes and noncontrolling interest 539 991 913
Provision for income taxes 111 289 195
Net earnings from continuing operations 428 702 718
Net (loss) earnings from discontinued operations (29) (7) 308
Net earnings 399 695 1,026
Net earnings from continuing operations attributable to the noncontrolling interest, net of tax 61 70 82
Net earnings attributable to BorgWarner Inc.  338 625 944
Amounts attributable to BorgWarner Inc.:      
Net earnings from continuing operations $ 367 $ 632 $ 636
Basic earnings per share:      
Earnings per share from continuing operations — basic (in dollar per share) $ 1.64 $ 2.71 $ 2.70
(Loss) earnings per share from discontinued operations — basic (in dollars per share) (0.13) (0.03) 1.31
Earnings per share attributable to BorgWarner Inc. — basic (in dollar per share) 1.51 2.68 4.01
Diluted earnings per share:      
Earnings per share from continuing operations — diluted (in dollar per share) 1.63 2.70 2.69
(Loss) earnings per share from discontinued operations — diluted (in dollars per share) (0.13) (0.03) 1.30
Earnings per share attributable to BorgWarner Inc. — diluted (in dollar per share) $ 1.50 $ 2.67 $ 3.99
Weighted average shares outstanding:      
Basic (in shares) 223.5 232.8 235.5
Diluted (in shares) 224.8 234.4 236.8