v3.23.3
STOCKHOLDERS' EQUITY (Tables)
 9 Months Ended
Sep. 30, 2023
Stockholders' Equity Note [Abstract]  
Schedule of Stockholders Equity
The changes of the Stockholders’ Equity items during the three and nine months ended September 30, 2023 and 2022, are as follows:


BorgWarner Inc. stockholders' equity
(in millions)Issued common stockCapital in excess of par valueTreasury stockRetained earningsAccumulated other comprehensive income (loss)Noncontrolling interestsTotal
Balance, June 30, 2023$3 $2,657 $(2,007)$7,796 $(898)$230 $7,781 
Dividends declared ($0.11 per share*)
— — — (26)— (5)(31)
Net issuance for executive stock plan— 10 — — — — 10 
Net issuance of restricted stock— 13 (3)— — — 10 
Net earnings— — — 50 — 18 68 
Other comprehensive loss— — — — (1)(4)(5)
Spin-Off of PHINIA— — — (1,810)(16)— (1,826)
Balance, September 30, 2023$3 $2,680 $(2,010)$6,010 $(915)$239 $6,007 
BorgWarner Inc. stockholders' equity
(in millions)Issued common stockCapital in excess of par valueTreasury stockRetained earningsAccumulated other comprehensive income (loss)Noncontrolling interestsTotal
Balance, June 30, 2022$3 $2,633 $(1,936)$7,005 $(816)$282 $7,171 
Dividends declared ($0.17 per share*)
— — — (39)— (15)(54)
Net issuance for executive stock plan— 6 (1)— — — 5 
Net issuance of restricted stock— 11 (2)— — — 9 
Purchase of treasury stock— — (100)— — — (100)
Net earnings— — — 273 — 19 292 
Other comprehensive loss— — — — (262)(24)(286)
Balance, September 30, 2022$3 $2,650 $(2,039)$7,239 $(1,078)$262 $7,037 

BorgWarner Inc. stockholders' equity
(in millions)Issued common stockCapital in excess of par valueTreasury stockRetained earningsAccumulated other comprehensive income (loss)Noncontrolling interestsTotal
Balance, December 31, 2022$3 $2,675 $(2,032)$7,454 $(876)$284 $7,508 
Dividends declared ($0.45 per share*)
— — — (105)— (63)(168)
Net issuance for executive stock plan— 10 5 — — — 15 
Net issuance of restricted stock— (3)17 — — — 14 
Purchase of noncontrolling interest— (2)— — — (13)(15)
Net earnings— — — 471 — 49 520 
Other comprehensive loss— — — — (23)(18)(41)
Spin-Off of PHINIA— — — (1,810)(16)— (1,826)
Balance, September 30, 2023$3 $2,680 $(2,010)$6,010 $(915)$239 $6,007 

BorgWarner Inc. stockholders' equity
(in millions)Issued common stockCapital in excess of par valueTreasury stockRetained earningsAccumulated other comprehensive income (loss)Noncontrolling interestsTotal
Balance, December 31, 2021$3 $2,637 $(1,812)$6,671 $(551)$314 $7,262 
Dividends declared ($0.51 per share*)
— — — (121)— (64)(185)
Net issuance for executive stock plan— 6 4 — — — 10 
Net issuance of restricted stock— 6 9 — — — 15 
Purchase/sale of noncontrolling interest— 1 — — — (4)(3)
Purchase of treasury stock— — (240)— — — (240)
Net earnings— — — 689 — 58 747 
Other comprehensive loss— — — — (527)(42)(569)
Balance, September 30, 2022$3 $2,650 $(2,039)$7,239 $(1,078)$262 $7,037 
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* Per share dividends amount declared relate to BorgWarner common stock.