Segments

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segments

Segments

We are a global provider of high technology driveline, sealing and thermal-management products for virtually every major vehicle manufacturer in the on-highway and off-highway markets. Our driveline products – axles, driveshafts and transmissions – are delivered through our Light Vehicle, Commercial Vehicle and Off-Highway operating segments. Our fourth global operating segment – Power Technologies – is the center of excellence for the sealing and thermal technologies that span all customers in our on-highway and off-highway markets.  These operating segments have global responsibility and accountability for business commercial activities and financial performance.

Dana evaluates the performance of its operating segments based on external sales and segment EBITDA. Segment EBITDA is a primary driver of cash flows from operations and a measure of our ability to maintain and continue to invest in our operations and provide shareholder returns. Our segments are charged for corporate and other shared administrative costs.  Segment EBITDA may not be comparable to similarly titled measures reported by other companies.

Segment information —

	2015							2014
Three Months Ended March 31,	External Sales		Inter-Segment Sales			Segment EBITDA		External Sales		Inter-Segment Sales			Segment EBITDA
Light Vehicle	$	637	$	37		$	64	$	618	$	28		$	30
Commercial Vehicle	433		25			35		457		26			44
Off-Highway	284		11			39		341		10			42
Power Technologies	254		4			38		272		6			44
Eliminations and other			(77		)					(70		)
Total	$	1,608	$	—		$	176	$	1,688	$	—		$	160

Reconciliation of segment EBITDA to consolidated net income —

	Three Months Ended   March 31,
	2015			2014
Segment EBITDA	$	176		$	160
Corporate expense and other items, net				5
Depreciation	(39		)	(40		)
Amortization of intangibles	(6		)	(15		)
Restructuring	(1		)	(9		)
Stock compensation expense	(3		)	(4		)
Strategic transaction expenses and other items	(1		)	(1		)
Gain on derecognition of noncontrolling interest	5
Loss on extinguishment of debt	(2		)
Recognition of unrealized gain on payment-in-kind note receivable				2
Interest expense	(28		)	(30		)
Interest income	3			3
Income from continuing operations before income taxes	104			71
Income tax expense	31			34
Equity in earnings of affiliates	1			1
Income from continuing operations	74			38
Loss from discontinued operations				(1		)
Net income	$	74		$	37