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REPORTING SEGMENTS AND RELATED INFORMATION
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
REPORTING SEGMENTS AND RELATED INFORMATION REPORTING SEGMENTS AND RELATED INFORMATION
The Company’s business is comprised of four reporting segments: Air Management, e-Propulsion & Drivetrain, Fuel Injection and Aftermarket. These segments are strategic business groups that are managed separately as each represents a specific grouping of related automotive components and systems.

The Company allocates resources to each segment based upon the projected after-tax return on invested capital (“ROIC”) of its business initiatives. ROIC is comprised of Segment Adjusted EBIT after deducting notional taxes compared to the projected average capital investment required. Segment Adjusted EBIT is comprised of earnings before interest, income taxes and noncontrolling interest (“EBIT”) adjusted for restructuring, merger, acquisition and divestiture expense, impairment charges, affiliates’ earnings and other items not reflective of ongoing operating income or loss.

Segment Adjusted EBIT is the measure of segment income or loss used by the Company. The Company believes Segment Adjusted EBIT is most reflective of the operational profitability or loss of our reporting
segments. The following tables show segment information and Segment Adjusted EBIT for the Company’s reporting segments:

Net Sales by Reporting Segment
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2021202020212020
Air Management$1,671 $1,476 $5,536 $3,736 
e-Propulsion & Drivetrain1,223 1,075 4,026 2,542 
Fuel Injection420 — 1,375 — 
Aftermarket227 — 650 — 
Inter-segment eliminations(125)(17)(404)(39)
Net sales$3,416 $2,534 $11,183 $6,239 

Segment Adjusted EBIT
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2021202020212020
Air Management$214 $225 $813 $461 
e-Propulsion & Drivetrain85 131 354 195 
Fuel Injection37 — 108 — 
Aftermarket29 — 82 — 
Segment Adjusted EBIT365 356 1,357 656 
Corporate, including stock-based compensation54 39 201 114 
Restructuring expense51 20 143 72 
Merger, acquisition and divestiture expense8 16 36 58 
Loss on sale— — 7 — 
Asset impairments— — — 17 
Net gain on insurance recovery for property damage(1)(3)(3)(9)
Equity in affiliates’ earnings, net of tax(12)(3)(40)(10)
Unrealized loss on equity securities61 — 337 9 
Interest income(3)(3)(9)(8)
Interest expense21 20 84 50 
Other postretirement income(10)(2)(33)(5)
Earnings before income taxes and noncontrolling interest196 272 634 368 
Provision for income taxes79 143 149 186 
Net earnings117 129 $485 $182 
Net earnings attributable to noncontrolling interest, net of tax21 18 77 40 
Net earnings attributable to BorgWarner Inc. $96 $111 $408 $142