PHINIA INC

For the period ended Dec 31, 2023. Filed Feb 28, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 28, 2024

PHIN$70.33+2.0%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

	December 31,
(in millions, except share and per share amounts)	2023	2022
ASSETS
Cash and cash equivalents	$365	$251
Receivables, net	1,017	891
Inventories	487	459
Prepayments and other current assets	58	40
Total current assets	1,927	1,641
Property, plant and equipment, net	921	922
Investments and long-term receivables	115	325
Goodwill	499	490
Other intangible assets, net	417	432
Other non-current assets	162	264
Total assets	$4,041	$4,074
LIABILITIES AND EQUITY
Short-term borrowings and current portion of long-term debt	$89	$—
Accounts payable	639	686
Other current liabilities	420	484
Total current liabilities	1,148	1,170
Long-term debt	709	26
Retirement-related liabilities	132	79
Other non-current liabilities	165	1,156
Total liabilities	2,154	2,431
Commitments and contingencies
Capital stock:
Common stock, $0.01 par value; authorized shares: 200,000,000; issued shares: (2023 - 47,013,661); outstanding shares: (2023 - 46,164,536)	1	—
Additional paid-in capital	2,031	—
Retained earnings	9	—
Former Parent investment	—	1,731
Accumulated other comprehensive loss	(131)	(88)
Treasury stock, at cost: (2023 - 849,125 shares)	(23)	—
Total equity	1,887	1,643
Total liabilities and equity	$4,041	$4,074

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.