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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
ASSETS    
Cash, cash equivalents and restricted cash $ 1,534 $ 1,083
Receivables, net 3,109 2,471
Inventories, net 1,313 1,217
Prepayments and other current assets 261 230
Current assets of discontinued operations 0 1,616
Total current assets 6,217 6,617
Property, plant and equipment, net 3,783 3,426
Investments and long-term receivables 364 819
Goodwill 3,013 2,978
Other intangible assets, net 564 619
Other non-current assets 512 489
Non-current assets of discontinued operations 0 2,046
Total assets 14,453 16,994 Close
LIABILITIES AND EQUITY    
Notes payable and other short-term debt 73 60
Accounts payable 2,546 2,146
Other current liabilities 1,148 1,084
Current liabilities of discontinued operations 0 946
Total current liabilities 3,767 4,236
Long-term debt 3,707 4,140
Retirement-related liabilities 146 129
Other non-current liabilities 767 686
Non-current liabilities of discontinued operations 0 295
Total liabilities 8,387 9,486 Close
Commitments and contingencies
Capital stock:    
Preferred stock, $0.01 par value; authorized shares: 5,000,000; none issued and outstanding 0 0
Capital in excess of par value 2,689 2,675
Retained earnings 6,152 7,454
Accumulated other comprehensive loss (828) (876)
Common stock held in treasury, at cost: (2023 - 53,792,081 shares; 2022 - 49,453,665 shares) (2,188) (2,032)
Total BorgWarner Inc. stockholders’ equity 5,828 7,224
Noncontrolling interest 238 284
Total equity 6,066 7,508 Close
Total liabilities and equity 14,453 16,994
Issued common stock    
Capital stock:    
Common stock 3 3
Nonvoting Common Stock    
Capital stock:    
Common stock $ 0 $ 0