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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net sales $ 3,595 $ 3,383
Cost of sales 2,951 2,806
Gross profit 644 577 Close
Selling, general and administrative expenses 329 299 Close
Restructuring expense 19 3 Close
Other operating expense, net 1 1 CloseClose
Total Operating Expenses 349.0 303.0 0 0 0 Close
Operating income 295 274 Close
Equity in affiliates’ earnings, net of tax (5) (1) Close
Unrealized loss on debt and equity securities 2 15 Close
Interest expense, net 5 10 Close
Total Other Income Expenses 5.0 26.0 0 0 0 Close
Other postretirement expense 3 2 CloseClose
Earnings from continuing operations before income taxes and noncontrolling interest 290 248 Close
Provision for income taxes 62 67 Close
Net earnings from continuing operations 228 181
Net (loss) earnings from discontinued operations (7) 49 Close
Net earnings 221 230 Close
Net earnings from continuing operations attributable to noncontrolling interest 15 13
Net earnings attributable to BorgWarner Inc.  206 217
Amounts attributable to BorgWarner Inc.:    
Net earnings from continuing operations $ 213 $ 168
Basic earnings per share:    
Earnings per share from continuing operations — basic (in dollar per share) $ 0.94 $ 0.72
Earnings per share from discontinued operations — basic (in dollar per share) (0.03) 0.21
Earnings per share attributable to BorgWarner Inc. — basic (in dollar per share) 0.91 0.93
Diluted earnings per share:    
Earnings per share from continuing operations — diluted (in dollar per share) 0.93 0.72
Earnings per share from discontinued operations — diluted (in dollar per share) (0.03) 0.21
Earnings per share attributable to BorgWarner Inc. — diluted (in dollar per share) $ 0.90 $ 0.93
Weighted average shares outstanding:    
Basic (in shares) 227.7 232.8
Diluted (in shares) 228.3 234.4
Discontinued operations | Phinia    
Amounts attributable to BorgWarner Inc.:    
Net (loss) earnings from discontinued operations $ (7) $ 49