BorgWarner Inc. (BWA) Financial Statements (2026 and earlier)

Company Profile

Business Address 3850 HAMLIN RD.
AUBURN HILLS, MI 48326
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments    1,8411,650832
Cash and cash equivalent    1,8411,650832
Receivables2,8433,1093,3232,8982,9191,921
Inventory, net of allowances, customer advances and progress billings1,2511,3131,6871,5341,286807
Inventory1,2511,3131,6871,5341,286807
Prepaid expense1078982818483
Contract with customer, asset, after allowance for credit loss1518161716 
Derivative instruments and hedges, assets193218   
Other current assets724759967298
Other undisclosed current assets2,2141,6091,43213014095
Total current assets:6,5216,2176,6176,5976,1673,836
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization2025101112 
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization      2,925
Long-term investments and receivables, including:356364896530820318
Long-term investments315308354428769256
Accounts and financing receivable, after allowance for credit loss      2
Other undisclosed long-term investments and receivables41565421025160
Intangible asset, including goodwill, after accumulated amortization2,8313,5774,4484,3703,7232,244
Goodwill2,3573,0133,3973,2792,6271,842
Intangible asset, excluding goodwill, after accumulated amortization4745641,0511,0911,096402
Other noncurrent assets710512668683728379
Other undisclosed noncurrent assets3,5553,7584,3554,3844,579 
Total noncurrent assets:7,4728,23610,3779,9789,8625,866
TOTAL ASSETS:13,99314,45316,99416,57516,0299,702
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:   2,684  1,977
Interest and dividends payable✕✕✕✕  32
Taxes payable✕✕✕✕  66
Employee-related liabilities✕✕✕✕  34
Accounts payable   2,684  1,325
Accrued liabilities      80
Other undisclosed accounts payable and accrued liabilities      440
Debt39873626649252
Restructuring reserve3668 96111 
Other liabilities1,2161,1481,4901,4561,409 
Other undisclosed current liabilities1,9962,478 2,1802,241100
Total current liabilities:3,6463,7674,2363,7983,8102,329
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,7633,7074,1664,2613,7381,674
Long-term debt, excluding current maturities3,7633,7074,1664,2613,7381,674
Finance lease, liability202391112 
Other undisclosed long-term debt and lease obligation(20)(23)(9)(11)(12) 
Liabilities, other than long-term debt8789131,0841,2541,757855
Liability, pension and other postretirement and postemployment benefits137146223290576306
Other liabilities7417678619641,181549
Total noncurrent liabilities:4,6414,6205,2505,5155,4952,529
Total liabilities:8,2878,3879,4869,3139,3054,858
Equity
Equity, attributable to parent, including:5,5325,8287,2246,9486,4284,706
Common stock     33
Treasury stock, value(2,537)(2,188)(2,032)(1,812)(1,834)(1,657)
Additional paid in capital2,6742,6892,6752,6372,6141,145
Accumulated other comprehensive loss(1,020)(828)(876)(551)(651)(727)
Retained earnings6,4126,1527,4546,6716,2965,942
Other undisclosed equity, attributable to parent3333  
Equity, attributable to noncontrolling interest174238284314296138
Total equity:5,7066,0667,5087,2626,7244,844
TOTAL LIABILITIES AND EQUITY:13,99314,45316,99416,57516,0299,702

Income Statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues14,08614,19815,80114,83810,16510,168
Cost of revenue
(Cost of Product and Service Sold)		(11,438)(11,630)(12,700)(11,983)(8,255)(8,067)
Gross profit:2,6482,5683,1012,8551,9102,101
Operating expenses(2,070)(1,395)(1,669)(1,623)(951)(873)
Other operating income (expense), net(32)(13)(58)(81)(341)75
Other nonrecurring (income) expense511(1)   
Operating income:5461,1601,3741,1516181,303
Nonoperating income (expense)4120575719(18)
Investment income, nonoperating54352612129
Net periodic defined benefits expense (reversal of expense), excluding service cost component(13)(15)31457(27)
Interest and debt expense(74)(45)(52)(93)(73)(55)
Income from continuing operations before equity method investments, income taxes:5131,1351,3791,1155641,230
Income from equity method investments273038481832
Other undisclosed income (loss) from continuing operations before income taxes(1)(174)(99)(374)3823
Income from continuing operations before income taxes:5399911,3187899641,265
Income tax expense(111)(289)(292)(150)(397)(468)
Income from continuing operations:4287021,026639567797
Income before gain (loss) on sale of properties:✕✕✕✕639567797
Loss from discontinued operations (29)(7)    
Net income:3996951,026639567797
Net loss attributable to noncontrolling interest   (82)(102)(67)(51)
Other undisclosed net loss attributable to parent(61)(70)    
Net income available to common stockholders, diluted:338625944537500746

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:3996951,026639567797
Other comprehensive income      78
Other undisclosed comprehensive income (loss)(206)40(349)9496(133)
Comprehensive income:193735677733663742
Comprehensive income (loss), net of tax, attributable to noncontrolling interest148(58)(96)(87)2
Other undisclosed comprehensive loss, net of tax, attributable to parent(61)(70)   (51)
Comprehensive income, net of tax, attributable to parent:146673619637576693

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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