10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000908255-21-000019 |
| Period End Date | 20210331 |
| Filing Date | 20210505 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | bwa-20210331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.65B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.75B | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$3.15B | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$2.92B | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$1.29B | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$1.36B | USD | Point-in-time |
| Prepayments and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$313.00M | USD | Point-in-time |
| Prepayments and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$312.00M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$6.58B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$6.17B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
$4.45B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
|
$4.59B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.63B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.60B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.06B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$1.10B | USD | Point-in-time |
| Investments and other long-term receivables |
LongTermInvestments
|
$557.00M | USD | Point-in-time |
| Investments and other long-term receivables |
LongTermInvestments
|
$820.00M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$728.00M | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$728.00M | USD | Point-in-time |
| Total assets |
Assets
|
$15.97B | USD | Point-in-time |
| Total assets |
Assets
|
$16.03B | USD | Point-in-time |
| Notes payable and other short-term debt |
NotesPayableCurrent
|
$49.00M | USD | Point-in-time |
| Notes payable and other short-term debt |
NotesPayableCurrent
|
$51.00M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$2.35B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrentAndNoncurrent
|
$2.48B | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$1.41B | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$1.39B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$3.92B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$3.81B | USD | Point-in-time |
| Long-term debt |
LongTermDebtAndCapitalLeaseObligations
|
$3.74B | USD | Point-in-time |
| Long-term debt |
LongTermDebtAndCapitalLeaseObligations
|
$3.71B | USD | Point-in-time |
| Retirement-related liabilities |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$552.00M | USD | Point-in-time |
| Retirement-related liabilities |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$576.00M | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$1.18B | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$1.14B | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$3.00M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$3.00M | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapital
|
$2.59B | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapital
|
$2.61B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$6.32B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$6.30B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-736.00M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-651.00M | USD | Point-in-time |
| Common stock held in treasury, at cost |
TreasuryStockValue
|
$1.81B | USD | Point-in-time |
| Common stock held in treasury, at cost |
TreasuryStockValue
|
$1.83B | USD | Point-in-time |
| Total BorgWarner Inc. stockholders equity |
StockholdersEquity
|
$6.37B | USD | Point-in-time |
| Total BorgWarner Inc. stockholders equity |
StockholdersEquity
|
$6.43B | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$287.00M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$296.00M | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$6.72B | USD | Point-in-time |
| Total equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$6.65B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$16.03B | USD | Point-in-time |
| Total liabilities and equity |
LiabilitiesAndStockholdersEquity
|
$15.97B | USD | Point-in-time |
Income Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$2.28B | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$4.01B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$3.19B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.83B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$818.00M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$447.00M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$377.00M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$213.00M | USD | 1 Quarter |
| Other operating expense, net |
OtherOperatingIncomeExpenseNet
|
$-38.00M | USD | 1 Quarter |
| Other operating expense, net |
OtherOperatingIncomeExpenseNet
|
$-36.00M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$198.00M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$403.00M | USD | 1 Quarter |
| Equity in affiliates earnings, net of tax |
IncomeLossFromEquityMethodInvestments
|
$5.00M | USD | 1 Quarter |
| Equity in affiliates earnings, net of tax |
IncomeLossFromEquityMethodInvestments
|
$12.00M | USD | 1 Quarter |
| Unrealized loss on equity securities |
UnrealizedGainLossOnInvestments
|
$-9.00M | USD | 1 Quarter |
| Unrealized loss on equity securities |
UnrealizedGainLossOnInvestments
|
$-272.00M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$3.00M | USD | 1 Quarter |
| Interest income |
InvestmentIncomeInterest
|
$2.00M | USD | 1 Quarter |
| Interest expense |
InterestAndDebtExpense
|
$21.00M | USD | 1 Quarter |
| Interest expense |
InterestAndDebtExpense
|
$12.00M | USD | 1 Quarter |
| Other postretirement income |
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
$-11.00M | USD | 1 Quarter |
| Other postretirement income |
NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
|
$-2.00M | USD | 1 Quarter |
| Earnings before income taxes and noncontrolling interest |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$136.00M | USD | 1 Quarter |
| Earnings before income taxes and noncontrolling interest |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$186.00M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$49.00M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$42.00M | USD | 1 Quarter |
| Net earnings |
ProfitLoss
|
$137.00M | USD | 1 Quarter |
| Net earnings |
ProfitLoss
|
$94.00M | USD | 1 Quarter |
| Net earnings attributable to noncontrolling interest, net of tax |
NetIncomeLossAttributableToNoncontrollingInterest
|
$8.00M | USD | 1 Quarter |
| Net earnings attributable to noncontrolling interest, net of tax |
NetIncomeLossAttributableToNoncontrollingInterest
|
$29.00M | USD | 1 Quarter |
| Net earnings attributable to BorgWarner Inc. |
NetIncomeLoss
|
$65.00M | USD | 1 Quarter |
| Net earnings attributable to BorgWarner Inc. |
NetIncomeLoss
|
$129.00M | USD | 1 Quarter |
| Earnings per share attributable to BorgWarner Inc. basic (in dollar per share) |
EarningsPerShareBasic
|
$0.63 | USD | 1 Quarter |
| Earnings per share attributable to BorgWarner Inc. basic (in dollar per share) |
EarningsPerShareBasic
|
$0.27 | USD | 1 Quarter |
| Earnings per share attributable to BorgWarner Inc. diluted (in dollar per share) |
EarningsPerShareDiluted
|
$0.63 | USD | 1 Quarter |
| Earnings per share attributable to BorgWarner Inc. diluted (in dollar per share) |
EarningsPerShareDiluted
|
$0.27 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
205.70M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
237.70M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
238.40M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
206.20M | shares | 1 Quarter |
Cash Flow Statement
40 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$342.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$263.00M | USD | 1 Quarter |
| Capital expenditures, including tooling outlays |
PaymentsToAcquireProductiveAssets
|
$195.00M | USD | 1 Quarter |
| Capital expenditures, including tooling outlays |
PaymentsToAcquireProductiveAssets
|
$117.00M | USD | 1 Quarter |
| Capital expenditures for damage to property, plant and equipment |
CapitalExpendituresForDamageToPropertyPlantAndEquipment
|
$2.00M | USD | 1 Quarter |
| Capital expenditures for damage to property, plant and equipment |
CapitalExpendituresForDamageToPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Proceeds from settlement of net investment hedges, net |
ProceedsFromHedgeInvestingActivities
|
$1.00M | USD | 1 Quarter |
| Proceeds from settlement of net investment hedges, net |
ProceedsFromHedgeInvestingActivities
|
$11.00M | USD | 1 Quarter |
| Proceeds from asset disposal and other, net |
ProceedsFromAssetDisposalAndOtherNet
|
$-4.00M | USD | 1 Quarter |
| Proceeds from asset disposal and other, net |
ProceedsFromAssetDisposalAndOtherNet
|
$1.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-185.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-120.00M | USD | 1 Quarter |
| Net increase in notes payable |
ProceedsFromRepaymentsOfNotesPayable
|
$7.00M | USD | 1 Quarter |
| Net increase in notes payable |
ProceedsFromRepaymentsOfNotesPayable
|
- | USD | 1 Quarter |
| Additions to debt |
ProceedsFromIssuanceOfLongTermDebt
|
$22.00M | USD | 1 Quarter |
| Additions to debt |
ProceedsFromIssuanceOfLongTermDebt
|
$13.00M | USD | 1 Quarter |
| Payments for debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Payments for debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$1.00M | USD | 1 Quarter |
| Repayments of debt, including current portion |
RepaymentsOfLongTermDebt
|
$14.00M | USD | 1 Quarter |
| Repayments of debt, including current portion |
RepaymentsOfLongTermDebt
|
$26.00M | USD | 1 Quarter |
| Payments for stock-based compensation items |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$13.00M | USD | 1 Quarter |
| Payments for stock-based compensation items |
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
$12.00M | USD | 1 Quarter |
| Dividends paid to BorgWarner stockholders |
PaymentsOfDividendsCommonStock
|
$35.00M | USD | 1 Quarter |
| Dividends paid to BorgWarner stockholders |
PaymentsOfDividendsCommonStock
|
$40.00M | USD | 1 Quarter |
| Dividends paid to noncontrolling stockholders |
PaymentsOfDividendsMinorityInterest
|
- | USD | 1 Quarter |
| Dividends paid to noncontrolling stockholders |
PaymentsOfDividendsMinorityInterest
|
$14.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-62.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-51.00M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-1.00M | USD | 1 Quarter |
| Effect of exchange rate changes on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-12.00M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$105.00M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$69.00M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.65B | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.75B | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$901.00M | USD | Point-in-time |
| Cash and cash equivalents at beginning of year |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$832.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.65B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.75B | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$901.00M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$832.00M | USD | Point-in-time |
Comprehensive Income
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings attributable to BorgWarner Inc. |
NetIncomeLoss
|
$65.00M | USD | 1 Quarter |
| Net earnings attributable to BorgWarner Inc. |
NetIncomeLoss
|
$129.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-74.00M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-87.00M | USD | 1 Quarter |
| Hedge instruments |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
$-6.00M | USD | 1 Quarter |
| Hedge instruments |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
$-2.00M | USD | 1 Quarter |
| Defined benefit postretirement plans |
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
$-8.00M | USD | 1 Quarter |
| Defined benefit postretirement plans |
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
$-2.00M | USD | 1 Quarter |
| Total other comprehensive loss attributable to BorgWarner Inc. |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-85.00M | USD | 1 Quarter |
| Total other comprehensive loss attributable to BorgWarner Inc. |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-74.00M | USD | 1 Quarter |
| Comprehensive (loss) income attributable to BorgWarner Inc. |
ComprehensiveIncomeNetOfTax
|
$-20.00M | USD | 1 Quarter |
| Comprehensive (loss) income attributable to BorgWarner Inc. |
ComprehensiveIncomeNetOfTax
|
$55.00M | USD | 1 Quarter |
| Net earnings attributable to noncontrolling interest, net of tax |
NetIncomeLossAttributableToNoncontrollingInterest
|
$8.00M | USD | 1 Quarter |
| Net earnings attributable to noncontrolling interest, net of tax |
NetIncomeLossAttributableToNoncontrollingInterest
|
$29.00M | USD | 1 Quarter |
| Other comprehensive loss attributable to the noncontrolling interest |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
$-3.00M | USD | 1 Quarter |
| Other comprehensive loss attributable to the noncontrolling interest |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
|
$-5.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$60.00M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$4.00M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.