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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
Selling, general and administrative expenses 329 299
Restructuring expense 19 3
Other operating expense, net 1 1
Operating income 295 274
Equity in affiliates’ earnings, net of tax (5) (1)
Unrealized loss on debt and equity securities 2 15
Interest expense, net 5 10
Other postretirement expense 3 2
Earnings from continuing operations before income taxes and noncontrolling interest 290 248
Provision for income taxes 62 67
Net earnings from continuing operations 228 181
Net (loss) earnings from discontinued operations (7) 49
Net earnings 221 230
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