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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 2,694.0 $ 2,389.7 $ 5,478.3 $ 4,796.7
Cost of sales 2,114.8 1,876.8 4,307.3 3,767.5
Gross profit 579.2 512.9 1,171.0 1,029.2
Selling, general and administrative expenses 236.0 215.1 489.4 434.1
Other expense (income), net 30.4 (0.3) 35.3 5.5
Operating income 312.8 298.1 646.3 589.6
Equity in affiliates’ earnings, net of tax (13.0) (14.4) (23.2) (24.1)
Interest income (1.4) (1.4) (2.9) (2.9)
Interest expense and finance charges 14.9 18.0 31.0 36.0
Other postretirement income (2.4) (1.4) (5.0) (2.6)
Earnings before income taxes and noncontrolling interest 314.7 297.3 646.4 583.2
Provision for income taxes 30.4 76.2 125.3 162.5
Net earnings 284.3 221.1 521.1 420.7
Net earnings attributable to the noncontrolling interest, net of tax 12.5 9.1 24.2 19.5
Net earnings attributable to BorgWarner Inc. $ 271.8 $ 212.0 $ 496.9 $ 401.2
Earnings per share — basic $ 1.30 $ 1.01 $ 2.38 $ 1.90
Earnings per share — diluted $ 1.30 $ 1.00 $ 2.36 $ 1.89
Weighted average shares outstanding (thousands):        
Basic 208,570 210,572 209,023 211,084
Diluted 209,857 211,478 210,312 211,857
Dividends declared per share $ 0.17 $ 0.14 $ 0.34 $ 0.28