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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 1,553 $ 1,650
Restricted cash 15 0
Receivables, net 3,063 2,919
Inventories, net 1,567 1,286
Prepayments and other current assets 339 312
Total current assets 6,537 6,167
Property, plant and equipment, net 4,535 4,591
Goodwill 3,325 2,627
Other intangible assets, net 1,172 1,096
Investments and other long-term receivables 546 820
Other non-current assets 748 728
Total assets 16,863 16,029
LIABILITIES AND EQUITY    
Notes payable and other short-term debt 13 49
Accounts payable 2,367 2,352
Other current liabilities 1,482 1,409
Total current liabilities 3,862 3,810
Long-term debt 4,348 3,738
Retirement-related liabilities 541 576
Other non-current liabilities 1,090 1,181
Liabilities, Total 9,841 9,305
Commitments and contingencies
Common stock 3 3
Capital in excess of par value 2,602 2,614
Retained earnings 6,527 6,296
Accumulated other comprehensive loss (673) (651)
Common stock held in treasury, at cost (1,810) (1,834)
Total BorgWarner Inc. stockholders’ equity 6,649 6,428
Noncontrolling interest 373 296
Total equity 7,022 6,724
Total liabilities and equity $ 16,863 $ 16,029