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 June 30,	External Sales		Inter-Segment Sales			Segment EBITDA		External Sales		Inter-Segment Sales			Segment EBITDA
Light Vehicle	$	641	$	35		$	66	$	636	$	43		$	76
Commercial Vehicle	431		26			36		463		20			47
Off-Highway	279		10			41		335		10			46
Power Technologies	258		4			39		276		4			39
Eliminations and other			(75		)					(77		)
Total	$	1,609	$	—		$	182	$	1,710	$	—		$	208

Six Months Ended June 30,
Light Vehicle	$	1,278	$	72		$	130	$	1,254	$	71		$	106
Commercial Vehicle	864		51			71		920		46			91
Off-Highway	563		21			80		676		20			88
Power Technologies	512		8			77		548		10			83
Eliminations and other			(152		)					(147		)
Total	$	3,217	$	—		$	358	$	3,398	$	—		$	368

Reconciliation of segment EBITDA to consolidated net income —



	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Segment EBITDA	$	182		$	208		$	358		$	368
Corporate expense and other items, net	(2		)	(3		)	(2		)	2
Depreciation	(39		)	(41		)	(78		)	(81		)
Amortization of intangibles	(4		)	(12		)	(10		)	(27		)
Restructuring	(11		)	(3		)	(12		)	(12		)
Stock compensation expense	(5		)	(5		)	(8		)	(9		)
Strategic transaction expenses and other items	(1		)	1			(2		)
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	(27		)	(29		)	(55		)	(59		)
Interest income	4			3			7			6
Income from continuing operations before income taxes	97			119			201			190
Income tax expense	36			33			67			67
Equity in earnings of affiliates	2			6			3			7
Income from continuing operations	63			92			137			130
Loss from discontinued operations	—			(2		)	—			(3		)
Net income	$	63		$	90		$	137		$	127