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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Sales $ 42,797 $ 37,840
Costs and expenses    
Cost of goods sold 37,185 33,188
Selling, general and administrative 2,050 1,660
Depreciation 1,436 1,373
Amortization of acquired intangible assets 88 46
Interest expense, net 156 81
Equity income (112) (89)
Other expense, net 388 703
Income from operations before income taxes 1,606 878
Income taxes 320 237
Net income 1,286 641
Income attributable to non-controlling interests (73) (49)
Net income attributable to Magna International Inc. $ 1,213 $ 592
Earnings per Common Share:    
Basic $ 4.24 $ 2.04
Diluted $ 4.23 $ 2.03
Weighted average number of Common Shares outstanding during the year [in millions]:    
Basic 286.2 290.4
Diluted 286.6 291.2