Quarterly Results

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results Unaudited

Dana Holding Corporation

Quarterly Results (Unaudited)

(In millions, except per share amounts)

2014	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales	$	1,688	$	1,710	$	1,637	$	1,582
Gross margin	$	234	$	248	$	240	$	223
Net income	$	37	$	90	$	93	$	108
Net income attributable to the parent company	$	34	$	86	$	90	$	109
Net income per share available to parent company common stockholders
Basic	$	0.21	$	0.54	$	0.56	$	0.65
Diluted	$	0.19	$	0.49	$	0.52	$	0.64

2013	First Quarter		Second Quarter		Third Quarter			Fourth Quarter
Net sales	$	1,676	$	1,800	$	1,669		$	1,624
Gross margin	$	214	$	259	$	235		$	212
Net income	$	50	$	96	$	71		$	43
Net income attributable to the parent company	$	42	$	92	$	68		$	42
Preferred stock redemption premium					$	232
Net income (loss) per share available to parent company common stockholders
Basic	$	0.23	$	0.58	$	(1.16	)	$	0.26
Diluted	$	0.19	$	0.44	$	(1.16	)	$	0.23

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Note: Gross margin is net sales less cost of sales.

Net income for the fourth quarter of 2014 includes an $80 loss on the disposal group held for sale, $42 of pension settlement charges, a $19 loss on extinguishment of debt and deferred tax asset valuation allowance release of $179. The amount paid in the third quarter of 2013 to redeem our Series A preferred stock exceeded the carrying value. This redemption premium is treated like a dividend on preferred stock and deducted from net income attributable to the parent company in arriving at net income (loss) available to common stockholders.