The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: James Albert Picariello - KeyBanc Capital Markets Inc., Research Division - Analyst
: Just on the Delphi upside in the quarter, what were the primary drivers of that relative to your outlook? And because cost synergies and purchase
accounting obviously came in as expected, just curious what drove that. And then can you dimension at all what's baked in to the full year guide
related to Delphi's inorganic contribution?
Question: James Albert Picariello - KeyBanc Capital Markets Inc., Research Division - Analyst
: Does that conservatism carry through to this year and -- related to the accretion framework that you laid out a few months ago?
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FEBRUARY 11, 2021 / 2:30PM, BWA.N - Q4 2020 Borgwarner Inc Earnings Call
Question: James Albert Picariello - KeyBanc Capital Markets Inc., Research Division - Analyst
: Okay. Got it. And then just to clarify, the 45% of your $2.8 billion backlog tied to e-products, that excludes hybrid, correct? That's just battery electric?
And then for the free cash flow strength, clearly apparent in the guide. The company already repurchased $216 million this past quarter. I mean
how should we be thinking about the buyback effort for this year?
Question: James Albert Picariello - KeyBanc Capital Markets Inc., Research Division - Analyst
: Does that supplement some of the $1 billion buyback target?
Question: James Albert Picariello - KeyBanc Capital Markets Inc., Research Division - Analyst
: With the potential M&A, that would supplement the $1 billion targeted buybacks or not necessarily?
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