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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Income Statement [Abstract]    
Sales $ 32,647 $ 39,431
Costs and expenses    
Cost of goods sold 28,207 34,022
Depreciation and amortization 1,366 1,345
Selling, general and administrative 1,587 1,697
Interest expense, net 86 82
Equity income (189) (178)
Other expense, net 584 240
Income from operations before income taxes 1,006 2,223
Income taxes 329 591
Net income 677 1,632
Loss attributable to non-controlling interests 80 133
Net income attributable to Magna International Inc. $ 757 $ 1,765
Earnings per Common Share:    
Basic $ 2.52 $ 5.61
Diluted $ 2.52 $ 5.59
Weighted average number of Common Shares outstanding during the year [in millions]:    
Basic 299.7 314.7
Diluted 300.4 315.8