Below are the financial statements of Borgwarner, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net sales | 14,086a | 14,198a | 12,635a |
| Cost of sales | -11,438a | -11,630a | -10,266a |
| Gross profit | 2,648a | 2,568a | 2,369a |
| Selling, general and administrative expenses | -1,350a | -1,316a | -1,290a |
| Restructuring expense | -74a | -79a | -48a |
| Other operating expense (income), net | 32a | -16a | -8a |
| Impairment charges | -646a | -29a | -30a |
| Operating income | 546a | 1,160a | 1,009a |
| Equity in affiliates' earnings, net of tax | -27a | -30a | -28a |
| Unrealized and realized loss on equity and debt securities | -1a | -174a | -73a |
| Interest expense, net | -20a | -10a | -51a |
| Other postretirement expense | -13a | -15a | 0a |
| Earnings from continuing operations before income taxes and noncontrolling interest | 539a | 991a | 913a |
| Provision for income taxes | -111a | -289a | -195a |
| Net earnings from continuing operations | 428a | 702a | 718a |
| Net (loss) earnings from discontinued operations | -29a | -7a | 308a |
| Net earnings | 399a | 695a | 1,026a |
| Net earnings from continuing operations attributable to the noncontrolling interest, net of tax | 61a | 70a | 82a |
| Net earnings attributable to BorgWarner Inc. | 338a | 625a | 944a |
| Amounts attributable to BorgWarner Inc. | — | — | — |
| Net earnings from continuing operations | 367a | 632a | 636a |
| Net (loss) earnings from discontinued operations | -29a | -7a | 308a |
| Net earnings attributable to BorgWarner Inc. | 338a | 625a | 944a |
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