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STOCKHOLDERS' EQUITY | 9 Months Ended
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Sep. 30, 2022
Stockholders' Equity Note [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS' EQUITY The changes of the Stockholders’ Equity items during the three and nine months ended September 30, 2022 and 2021, are as follows:
| BorgWarner Inc. stockholders' equity |  |
(in millions) | Issued common stock |  | Capital in excess of par value |  | Treasury stock |  | Retained earnings |  | Accumulated other comprehensive income (loss) |  | Noncontrolling interests
Balance, June 30, 2022 | $ | 3 |  |  | $ | 2,633 |  |  | $ | (1,936) |  |  | $ | 7,005 |  |  | $ | (816) |  |  | $ | 282 |
Dividends declared ($0.17 per share*) | — |  |  | — |  |  | — |  |  | (39) |  |  | — |  |  | (15) |
Net issuance for executive stock plan | — |  |  | 6 |  |  | (1) |  |  | — |  |  | — |  |  | — |
Net issuance of restricted stock | — |  |  | 11 |  |  | (2) |  |  | — |  |  | — |  |  | — |
Purchase of treasury stock | — |  |  | — |  |  | (100) |  |  | — |  |  | — |  |  | — |
Net earnings | — |  |  | — |  |  | — |  |  | 273 |  |  | — |  |  | 19 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | (262) |  |  | (24) |
Balance, September 30, 2022 | $ | 3 |  |  | $ | 2,650 |  |  | $ | (2,039) |  |  | $ | 7,239 |  |  | $ | (1,078) |  |  | $ | 262 |
| BorgWarner Inc. stockholders' equity |  |
(in millions) | Issued common stock |  | Capital in excess of par value |  | Treasury stock |  | Retained earnings |  | Accumulated other comprehensive income (loss) |  | Noncontrolling interests
Balance, June 30, 2021 | $ | 3 |  |  | $ | 2,602 |  |  | $ | (1,810) |  |  | $ | 6,527 |  |  | $ | (673) |  |  | $ | 373 |
Dividends declared ($0.17 per share*) | — |  |  | — |  |  | — |  |  | (41) |  |  | — |  |  | (14) |
Net issuance for executive stock plan | — |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | — |
Net issuance of restricted stock | — |  |  | 9 |  |  | — |  |  | — |  |  | — |  |  | — |
Net earnings | — |  |  | — |  |  | — |  |  | 96 |  |  | — |  |  | 21 |
Other comprehensive income | — |  |  | — |  |  | — |  |  | — |  |  | (73) |  |  | (6) |
Balance, September 30, 2021 | $ | 3 |  |  | $ | 2,617 |  |  | $ | (1,810) |  |  | $ | 6,582 |  |  | $ | (746) |  |  | $ | 374 |
| BorgWarner Inc. stockholders' equity |  |
(in millions) | Issued common stock |  | Capital in excess of par value |  | Treasury stock |  | Retained earnings |  | Accumulated other comprehensive income (loss) |  | Noncontrolling interests
Balance, December 31, 2021 | $ | 3 |  |  | $ | 2,637 |  |  | $ | (1,812) |  |  | $ | 6,671 |  |  | $ | (551) |  |  | $ | 314 |
Dividends declared ($0.51 per share*) | — |  |  | — |  |  | — |  |  | (121) |  |  | — |  |  | (64) |
Net issuance for executive stock plan | — |  |  | 6 |  |  | 4 |  |  | — |  |  | — |  |  | — |
Net issuance of restricted stock | — |  |  | 6 |  |  | 9 |  |  | — |  |  | — |  |  | — |
Purchase of treasury stock | — |  |  | — |  |  | (240) |  |  | — |  |  | — |  |  | — |
Purchase/sale of noncontrolling interest | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | (4) |
Net earnings | — |  |  | — |  |  | — |  |  | 689 |  |  | — |  |  | 58 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | (527) |  |  | (42) |
Balance, September 30, 2022 | $ | 3 |  |  | $ | 2,650 |  |  | $ | (2,039) |  |  | $ | 7,239 |  |  | $ | (1,078) |  |  | $ | 262 |
| BorgWarner Inc. stockholders' equity |  |
(in millions) | Issued common stock |  | Capital in excess of par value |  | Treasury stock |  | Retained earnings |  | Accumulated other comprehensive income (loss) |  | Noncontrolling interests
Balance, December 31, 2020 | $ | 3 |  |  | $ | 2,614 |  |  | $ | (1,834) |  |  | $ | 6,296 |  |  | $ | (651) |  |  | $ | 296 |
Dividends declared ($0.51 per share*) | — |  |  | — |  |  | — |  |  | (122) |  |  | — |  |  | (51) |
Net issuance for executive stock plan | — |  |  | 7 |  |  | 3 |  |  | — |  |  | — |  |  | — |
Net issuance of restricted stock | — |  |  | (4) |  |  | 21 |  |  | — |  |  | — |  |  | — |
Purchase of noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (33) |
Acquisition of AKASOL | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 96 |
Net earnings | — |  |  | — |  |  | — |  |  | 408 |  |  | — |  |  | 77 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | (95) |  |  | (11) |
Balance, September 30, 2021 | $ | 3 |  |  | $ | 2,617 |  |  | $ | (1,810) |  |  | $ | 6,582 |  |  | $ | (746) |  |  | $ | 374 |
__________________________________ * Per share dividends amount declared relate to BorgWarner common stock.

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