XML 52 R42.htm IDEA: XBRL DOCUMENT
v3.23.3

NOTES PAYABLE AND DEBT (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | As of September 30, 2023 and December 31, 2022, the Company had debt outstanding as follows:
| September 30, |  | December 31,
(in millions) | 2023 |  | 2022
Short-term borrowings | $ | 60 |  |  | $ | 58 |
Long-term debt |  |  |
3.375% Senior notes due 03/15/25 ($500 million par value) | 384 |  |  | 499 |
5.000% Senior notes due 10/01/25 ($800 million par value)* | 481 |  |  | 840 |
2.650% Senior notes due 07/01/27 ($1,100 million par value) | 1,093 |  |  | 1,092 |
7.125% Senior notes due 02/15/29 ($121 million par value) | 120 |  |  | 120 |
1.000% Senior Notes due 05/19/31 (€1,000 million par value) | 1,041 |  |  | 1,051 |
4.375% Senior notes due 03/15/45 ($500 million par value) | 495 |  |  | 495 |
Term loan facilities, finance leases and other | 54 |  |  | 45 |
Total long-term debt | 3,668 |  |  | 4,142 |
Less: current portion | 3 |  |  | 2 |
Long-term debt, net of current portion | $ | 3,665 |  |  | $ | 4,140 |
_____________________________ *These notes include the fair value step-up from the Delphi Technologies acquisition. The fair value step-up was calculated based on observable market data and is amortized as a reduction to interest expense over the remaining life of the instrument using the effective interest method.
Schedule of Consolidated Statements of Operations | The following table provides details on Interest expense, net included in the Condensed Consolidated Statements of Operations:
| Three Months Ended September 30, | Nine Months Ended September 30,
(in millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Interest expense | $ | 21 |  |  | $ | 16 |  |  | $ | 57 |  |  | $ | 53 |
Gain on debt extinguishment | (28) |  |  | — |  |  | (28) |  |  | — |
Interest income | (12) |  |  | (4) |  |  | (26) |  |  | (12) |
Interest expense, net | $ | (19) |  |  | $ | 12 |  |  | $ | 3 |  |  | $ | 41 |

X
- Definition Schedule Of Interest Expense, Net [Table Text Block] + References No definition available. + Details
Name: | bwa_ScheduleOfInterestExpenseNetTableTextBlock
Namespace Prefix: | bwa_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration