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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 1,507 $ 1,650
Restricted cash 3 0
Receivables, net 2,890 2,919
Inventories, net 1,649 1,286
Prepayments and other current assets 308 312
Assets held for sale 105 0
Total current assets 6,462 6,167
Property, plant and equipment, net 4,398 4,591
Goodwill 3,285 2,627
Other intangible assets, net 1,134 1,096
Investments and other long-term receivables 513 820
Other non-current assets 699 728
Total assets 16,491 16,029
LIABILITIES AND EQUITY    
Notes payable and other short-term debt 54 49
Accounts payable 2,131 2,352
Other current liabilities 1,430 1,409
Liabilities held for sale 22 0
Total current liabilities 3,637 3,810
Long-term debt 4,288 3,738
Retirement-related liabilities 518 576
Other non-current liabilities 1,028 1,181
Total liabilities 9,471 9,305
Commitments and contingencies
Common stock 3 3
Capital in excess of par value 2,617 2,614
Retained earnings 6,582 6,296
Accumulated other comprehensive loss (746) (651)
Common stock held in treasury, at cost (1,810) (1,834)
Total BorgWarner Inc. stockholders’ equity 6,646 6,428
Noncontrolling interest 374 296
Total equity 7,020 6,724
Total liabilities and equity $ 16,491 $ 16,029