XML 15 R5.htm IDEA: XBRL DOCUMENT v3.23.3Close
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES OF CONTINUING OPERATIONS    
Net cash provided by operating activities of continuing operations (see Note 23) $ 510 $ 552
INVESTING ACTIVITIES OF CONTINUING OPERATIONS    
Capital expenditures, including tooling outlays (624) (427)
Payments for businesses acquired, net of cash acquired (31) (288)
Proceeds from settlement of net investment hedges, net 25 40
Proceeds from investments in debt and equity securities, net 63 27
Proceeds from the sale of business, net 0 25
Proceeds from asset disposals and other, net 29 16
Net cash used in investing activities from continuing operations (538) (607) CloseClose
FINANCING ACTIVITIES OF CONTINUING OPERATIONS    
Net increase in notes payable 3 0
Additions to debt 4 2
Payments for debt issuance costs (3) 0
Repayments of debt, including current portion (444) (9)
Payments for purchase of treasury stock 0 (240)
Payments for stock-based compensation items (25) (18)
Payments for contingent consideration (23) 0
Purchase of noncontrolling interest (15) (56)
Net distribution from PHINIA 401 0
Dividends paid to BorgWarner stockholders (105) (121)
Dividends paid to noncontrolling stockholders (71) (48)
Net cash used in financing activities from continuing operations (278) (490) Close
CASH FLOWS FROM DISCONTINUED OPERATIONS    
Operating activities of discontinued operations (66) 127
Investing activities of discontinued operations (86) (79)
Financing activities of discontinued operations 84 (3)
Net cash (used in) provided by discontinued operations (68) 45
Effect of exchange rate changes on cash (15) (103) Close
Net decrease in cash, cash equivalents and restricted cash (389) (603) Close
Cash, cash equivalents and restricted cash at beginning of year 1,338 1,844
Cash, cash equivalents and restricted cash at end of period 949 1,241
Less: Cash, cash equivalents and restricted cash of discontinued operations at end of period 0 172
Cash, cash equivalents and restricted cash of continuing operations at end of period $ 949 $ 1,069