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Equity Affiliates
 12 Months Ended
Dec. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Equity Affiliates
Equity Affiliates

We have a number of investments in entities that engage in the manufacture of vehicular parts – primarily axles, driveshafts and wheel-end braking systems – supplied to OEMs.

Dividends received from equity affiliates were $16, $10 and $3 in 2014, 2013 and 2012.

Equity method investments exceeding $5 at December 31, 2014 —
 
Ownership
Percentage
 
Investment
Dongfeng Dana Axle Co., Ltd.
50%
 
$
143

Bendix Spicer Foundation Brake, LLC
20%
 
45

Axles India Limited
48%
 
6

All others as a group
 
 
8

Investments in equity affiliates
 
 
202

Investment in affiliates carried at cost
 
 
2

Investment in affiliates
 
 
$
204



Our equity method investments in Dongfeng Dana Axle Co., Ltd. (DDAC), Bendix Spicer Foundation Brake, LLC and Axles India Limited are included in the net assets of our Commercial Vehicle operating segment.

The carrying value of our equity method investments at December 31, 2014 was $74 more than our share of the affiliates’ book value, including $48 attributable to goodwill. The difference between the investment carrying value and the amount of underlying equity in assets, excluding the $48 attributable to goodwill, is being amortized on a straight-line basis over the underlying assets’ estimated useful lives of five to forty-five years.

Summarized financial information for DDAC and other equity affiliates on a combined basis —
 
DDAC
 
Other Equity Affiliates Combined
 
2014
 
2013
 
2012
 
2014
 
2013
 
2012
Sales
$
762

 
$
835

 
$
683

 
$
564

 
$
497

 
$
522

Gross profit
$
82

 
$
82

 
$
68

 
$
100

 
$
79

 
$
75

Pre-tax income
$
23

 
$
19

 
$
8

 
$
33

 
$
25

 
$
21

Net income
$
17

 
$
20

 
$
7

 
$
32

 
$
24

 
$
16

Dana's equity earnings in affiliate
$
5

 
$
7

 
$
(1
)
 
$
8

 
$
5

 
$
3


 
DDAC
 
Other Equity
Affiliates Combined
 
2014
 
2013
 
2014
 
2013
Current assets
$
552

 
$
663

 
$
192

 
$
164

Noncurrent assets
177

 
167

 
73

 
69

Total assets
$
729

 
$
830

 
$
265

 
$
233

 
 
 
 
 
 
 
 
Current liabilities
$
506

 
$
613

 
$
123

 
$
104

Noncurrent liabilities
61

 
42

 
13

 
11

Total liabilities
$
567

 
$
655

 
$
136

 
$
115