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STOCKHOLDERS' EQUITY | 3 Months Ended
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Mar. 31, 2024
Stockholders' Equity Note [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS' EQUITY The changes of the Stockholders’ Equity items during the three months ended March 31, 2024 and 2023, 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 |  | Total
Balance, December 31, 2023 | $ | 3 |  |  | $ | 2,689 |  |  | $ | (2,188) |  |  | $ | 6,152 |  |  | $ | (828) |  |  | $ | 238 |  |  | $ | 6,066 |
Dividends declared ($0.11 per share*) | — |  |  | — |  |  | — |  |  | (25) |  |  | — |  |  | (47) |  |  | (72) |
Issuance for executive stock plan, net of tax | — |  |  | (25) |  |  | 21 |  |  | — |  |  | — |  |  | — |  |  | (4) |
Issuance of restricted stock, net of tax | — |  |  | (32) |  |  | 31 |  |  | — |  |  | — |  |  | — |  |  | (1) |
Purchase of treasury stock | — |  |  | — |  |  | (100) |  |  | — |  |  | — |  |  | — |  |  | (100) |
Net earnings | — |  |  | — |  |  | — |  |  | 206 |  |  | — |  |  | 15 |  |  | 221 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | (55) |  |  | (5) |  |  | (60) |
Spin-Off of PHINIA | — |  |  | — |  |  | — |  |  | (8) |  |  | — |  |  | — |  |  | (8) |
Balance, March 31, 2024 | $ | 3 |  |  | $ | 2,632 |  |  | $ | (2,236) |  |  | $ | 6,325 |  |  | $ | (883) |  |  | $ | 201 |  |  | $ | 6,042 |
| 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 |  | Total
Balance, December 31, 2022 | $ | 3 |  |  | $ | 2,675 |  |  | $ | (2,032) |  |  | $ | 7,454 |  |  | $ | (876) |  |  | $ | 284 |  |  | $ | 7,508 |
Dividends declared ($0.17 per share*) | — |  |  | — |  |  | — |  |  | (39) |  |  | — |  |  | (58) |  |  | (97) |
Issuance for executive stock plan, net of tax | — |  |  | (10) |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | (5) |
Issuance of restricted stock, net of tax | — |  |  | (4) |  |  | (4) |  |  | — |  |  | — |  |  | — |  |  | (8) |
Net earnings | — |  |  | — |  |  | — |  |  | 217 |  |  | — |  |  | 13 |  |  | 230 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | — |  |  | 52 |  |  | (1) |  |  | 51 |
Balance, March 31, 2023 | $ | 3 |  |  | $ | 2,661 |  |  | $ | (2,031) |  |  | $ | 7,632 |  |  | $ | (824) |  |  | $ | 238 |  |  | $ | 7,679 |
__________________________________ * Per share dividends amount declared relate to BorgWarner common stock.

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