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BorgWarner Inc. and Consolidated Subsidiaries Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING      
Net earnings $ 797 $ 985 $ 483
Adjustments to reconcile net earnings to net cash flows from operations:      
Depreciation and amortization 439 431 408
Deferred income tax (benefit) provision 186 (57) 42
Stock-based compensation expense 42 53 52
Restructuring expense, net of cash paid 30 33 27
Pension settlement loss 27 0 0
Tax reform adjustments to provision for income taxes 16 (13) 274
Asset impairment and loss on divestiture 7 26 71
Gain on derecognition of subsidiary (177) 0 0
Equity in affiliates’ earnings, net of dividends received, and other   (12) (32)
Net earnings adjusted for non-cash charges to operations 1,367 1,446 1,325
Derecognition of subsidiary (172) 0 0
Changes in assets and liabilities:      
Receivables 19 (43) (168)
Inventories (36) (53) (85)
Prepayments and other current assets (18) (19) 1
Accounts payable and accrued expenses (123) (76) 233
Prepaid taxes and income taxes payable (8) (85) (43)
Other assets and liabilities (21) (44) (83)
Net cash provided by operating activities 1,008 1,126 1,180
INVESTING      
Capital expenditures, including tooling outlays (481) (546) (560)
Payments for investments in equity securities (53) (6) (3)
Payments for businesses acquired, including restricted cash, net of cash acquired (10) 0 (186)
Proceeds from sale of businesses, net of cash divested 24 0 0
Proceeds from (payments for) settlement of net investment hedges 22 2 (8)
Proceeds from asset disposals and other 9 36 5
Net cash used in investing activities (489) (514) (752)
FINANCING      
Net decrease in notes payable 0 (34) (88)
Additions to debt, net of debt issuance costs 63 59 3
Repayments of long term debt, including current portion (204) (66) (20)
Payments for debt issuance cost 0 0 (2)
Payments for purchase of treasury stock (100) (150) (100)
Payments for stock-based compensation items (15) (15) (2)
Capital contribution from noncontrolling interest 4 0 0
Dividends paid to BorgWarner stockholders (140) (142) (124)
Dividends paid to noncontrolling stockholders (28) (35) (30)
Net cash used in financing activities (420) (383) (363)
Effect of exchange rate changes on cash (6) (35) 36
Net increase in cash and cash equivalents 93 194 101
Cash and restricted cash at beginning of period 739 545 444
Cash and restricted cash at end of period 832 739 545
Net Cash Paid During Period For [Abstract]      
Interest 72 84 92
Income taxes, net of refunds 243 316 280
Non Cash Investing Transactions [Abstract]      
Liabilities assumed from business acquired $ 0 $ 0 $ 18