Investor Presentaiton
FY'21 Pro Forma Adj. Operating Income and Adj.
Operating Margin Reconciliation to US GAAP
23
$ in millions
Net sales
Pro forma disposition impact
Pro forma net sales
Operating income
Operating margin
Non-comparable items:
Restructuring expense
Customer warranty settlement
Intangible asset amortization
Merger, acquisition and divestiture expense, net
Loss on sales of businesses
Asset impairments and lease modifications
Other, primarily asset write-offs
Three Months Ended
December 31, 2021
3,655
Twelve Months Ended
December 31, 2021
14,838
(40)
(177)
|$
3,615
$
14,661
tA
$
178
$
1,151
4.9 %
7.8 %
LA
20
124
A
163
124
23
14
22
17
88
50
29
17
(3)
Adjusted operating income
$
398
$
1,619
Pro forma disposition impact
(4)
(14)
Pro forma adjusted operating income
$
394
$
1,605
Pro forma adjusted operating margin
10.9 %
10.9 %
* BorgWarnerView entire presentation