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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES OF CONTINUING OPERATIONS      
Net cash provided by operating activities (see Note 25) $ 1,397 $ 1,180 $ 1,210
INVESTING ACTIVITIES OF CONTINUING OPERATIONS      
Capital expenditures, including tooling outlays (832) (622) (514)
Capital expenditures for damage to property, plant and equipment 0 0 (2)
Insurance proceeds received for damage to property, plant and equipment 0 0 5
Payments for businesses acquired, net of cash and restricted cash acquired (109) (312) (759)
Proceeds from sale of businesses, net of cash divested 9 27 22
Proceeds from settlement of net investment hedges, net 25 40 11
Proceeds from (payments for) investments in debt and equity securities, net 284 (473) (20)
Proceeds from asset disposals and other, net 30 20 8
Net cash used in investing activities from continuing operations (593) (1,320) (1,249) Close
FINANCING ACTIVITIES OF CONTINUING OPERATIONS      
Additions to debt 18 5 1,286
Repayments of debt, including current portion (451) (13) (699)
Payments for debt issuance costs (3) 0 (11)
Payments for purchase of treasury stock (177) (240) 0
Payments for stock-based compensation items (25) (18) (15)
Purchase of noncontrolling interest (15) (56) (33)
Payments for contingent consideration (23) 0 0
Net distribution from PHINIA 401 0 0
Dividends paid to BorgWarner stockholders (130) (161) (162)
Dividends paid to noncontrolling stockholders (116) (81) (72)
Net cash (used in) provided by financing activities from continuing operations (521) (564) 294 Close
CASH FLOWS FROM DISCONTINUED OPERATIONS      
Operating activities of discontinued operations (85) 390 97
Investing activities of discontinued operations (86) (99) (147)
Financing activities of discontinued operations 84 (3) (8)
Net cash (used in) provided by discontinued operations (87) 288 (58)
Effect of exchange rate changes on cash 0 (90) (3) Close
Net increase (decrease) in cash, cash equivalents and restricted cash 196 (506) 194 Close
Cash, cash equivalents and restricted cash at beginning of year 1,338 1,844 1,650
Cash, cash equivalents and restricted cash at end of year 1,534 1,338 1,844
Less: Cash, cash equivalents and restricted cash of discontinued operations at end of year 0 255 295
Cash, cash equivalents and restricted cash $ 1,534 $ 1,083 $ 1,549