STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2024

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

The changes of the Stockholders’ Equity items during the three months ended March 31, 2024 and 2023, are as follows:

	BorgWarner Inc. stockholders' equity
(in millions)	Issued common stock		Capital in excess of par value		Treasury stock		Retained earnings		Accumulated other comprehensive income (loss)		Noncontrolling interests		Total
Balance, December 31, 2023	$	3	$	2,689	$	(2,188)	$	6,152	$	(828)	$	238	$	6,066
Dividends declared ($0.11 per share*)	—		—		—		(25)		—		(47)		(72)
Issuance for executive stock plan, net of tax	—		(25)		21		—		—		—		(4)
Issuance of restricted stock, net of tax	—		(32)		31		—		—		—		(1)
Purchase of treasury stock	—		—		(100)		—		—		—		(100)
Net earnings	—		—		—		206		—		15		221
Other comprehensive loss	—		—		—		—		(55)		(5)		(60)
Spin-Off of PHINIA	—		—		—		(8)		—		—		(8)
Balance, March 31, 2024	$	3	$	2,632	$	(2,236)	$	6,325	$	(883)	$	201	$	6,042

	BorgWarner Inc. stockholders' equity
(in millions)	Issued common stock		Capital in excess of par value		Treasury stock		Retained earnings		Accumulated other comprehensive income (loss)		Noncontrolling interests		Total
Balance, December 31, 2022	$	3	$	2,675	$	(2,032)	$	7,454	$	(876)	$	284	$	7,508
Dividends declared ($0.17 per share*)	—		—		—		(39)		—		(58)		(97)
Issuance for executive stock plan, net of tax	—		(10)		5		—		—		—		(5)
Issuance of restricted stock, net of tax	—		(4)		(4)		—		—		—		(8)
Net earnings	—		—		—		217		—		13		230
Other comprehensive loss	—		—		—		—		52		(1)		51
Balance, March 31, 2023	$	3	$	2,661	$	(2,031)	$	7,632	$	(824)	$	238	$	7,679

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* Per share dividends amount declared relate to BorgWarner common stock.