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INTERIM FINANCIAL INFORMATION (UNAUDITED) | 12 Months Ended
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Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
INTERIM FINANCIAL INFORMATION (UNAUDITED) | INTERIM FINANCIAL INFORMATION (UNAUDITED) The following table presents summary quarterly financial information for the years ended December 31, 2023 and 2022. The table presents recast financial information reflecting the presentation of discontinued operations related to the Spin-Off:
(in millions, except per share amounts) | 2023 |  | 2022
Quarter ended | Mar-31 |  | Jun-30 |  | Sep-30 |  | Dec-31 |  | Year |  | Mar-31 |  | Jun-30 |  | Sep-30 |  | Dec-31 |  | Year
Net sales | $ | 3,383 |  |  | $ | 3,671 |  |  | $ | 3,622 |  |  | $ | 3,522 |  |  | $ | 14,198 |  |  | $ | 3,079 |  |  | $ | 3,013 |  |  | $ | 3,226 |  |  | $ | 3,317 |  |  | $ | 12,635 |
Gross profit | 578 |  |  | 679 |  |  | 652 |  |  | 659 |  |  | 2,568 |  |  | 575 |  |  | 548 |  |  | 607 |  |  | 639 |  |  | 2,369 |
Operating income | 273 |  |  | 334 |  |  | 272 |  |  | 281 |  |  | 1,160 |  |  | 270 |  |  | 209 |  |  | 265 |  |  | 265 |  |  | 1,009 |
Amounts attributable to BorgWarner Inc.: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings from continuing operations | $ | 166 |  |  | $ | 230 |  |  | $ | 87 |  |  | $ | 149 |  |  | $ | 632 |  |  | $ | 130 |  |  | $ | 161 |  |  | $ | 173 |  |  | $ | 172 |  |  | $ | 636 |
Net earnings (loss) from discontinued operations | 51 |  |  | (26) |  |  | (37) |  |  | 5 |  |  | (7) |  |  | 70 |  |  | 54 |  |  | 102 |  |  | 82 |  |  | 308 |
Net earnings attributable to BorgWarner Inc. | $ | 217 |  |  | $ | 204 |  |  | $ | 50 |  |  | $ | 154 |  |  | $ | 625 |  |  | $ | 200 |  |  | $ | 215 |  |  | $ | 275 |  |  | $ | 254 |  |  | $ | 944 |
Earnings per share from continuing operations — basic | $ | 0.72 |  |  | $ | 0.99 |  |  | $ | 0.37 |  |  | $ | 0.64 |  |  | $ | 2.71 |  |  | $ | 0.55 |  |  | $ | 0.68 |  |  | $ | 0.74 |  |  | $ | 0.74 |  |  | $ | 2.70 |
Earnings per share from discontinued operations — basic | $ | 0.21 |  |  | $ | (0.11) |  |  | $ | (0.16) |  |  | $ | 0.02 |  |  | $ | (0.03) |  |  | $ | 0.29 |  |  | $ | 0.23 |  |  | $ | 0.43 |  |  | $ | 0.35 |  |  | $ | 1.31 |
Earnings per share attributable to BorgWarner Inc. — basic 1 | $ | 0.93 |  |  | $ | 0.87 |  |  | $ | 0.21 |  |  | $ | 0.67 |  |  | $ | 2.68 |  |  | $ | 0.84 |  |  | $ | 0.91 |  |  | $ | 1.17 |  |  | $ | 1.09 |  |  | $ | 4.01 |
Earnings per share from continuing operations — diluted | $ | 0.72 |  |  | $ | 0.97 |  |  | $ | 0.37 |  |  | $ | 0.64 |  |  | $ | 2.70 |  |  | $ | 0.54 |  |  | $ | 0.68 |  |  | $ | 0.73 |  |  | $ | 0.73 |  |  | $ | 2.69 |
Earnings per share from discontinued operations — diluted | $ | 0.21 |  |  | $ | (0.10) |  |  | $ | (0.16) |  |  | $ | 0.02 |  |  | $ | (0.03) |  |  | $ | 0.30 |  |  | $ | 0.23 |  |  | $ | 0.42 |  |  | $ | 0.36 |  |  | $ | 1.30 |
Earnings per share attributable to BorgWarner Inc. — diluted 1 | $ | 0.93 |  |  | $ | 0.87 |  |  | $ | 0.21 |  |  | $ | 0.66 |  |  | $ | 2.67 |  |  | $ | 0.84 |  |  | $ | 0.91 |  |  | $ | 1.15 |  |  | $ | 1.09 |  |  | $ | 3.99 |
_____________________________ 1 Due to the use of quarterly weighted average shares outstanding for computing earnings per share, the sum of the quarterly per share amounts may not equal the per share amount for the year.

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