Segments, Geographical Area and Major Customer Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segments, Geographical Area and Major Customer Information [Text Block]

Segments, Geographical Area and Major Customer Information

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	External Sales		Inter- Segment Sales			Segment EBITDA		Capital Spend		Depreciation		Net Assets
Light Vehicle	$	2,482	$	126		$	262	$	140	$	63	$	1,002
Commercial Vehicle	1,533		95			100		33		32		692
Off-Highway	1,040		37			147		18		20		309
Power Technologies	1,005		15			149		34		28		421
Eliminations and other			(273		)			35		15		493
Total	$	6,060	$	—		$	658	$	260	$	158	$	2,917
2014
Light Vehicle	$	2,496	$	139		$	250	$	129	$	63	$	1,002
Commercial Vehicle	1,838		92			172		38		34		869
Off-Highway	1,231		37			169		23		21		344
Power Technologies	1,052		19			154		30		32		442
Eliminations and other			(287		)			14		14		378
Total	$	6,617	$	—		$	745	$	234	$	164	$	3,035
2013
Light Vehicle	$	2,549	$	124		$	242	$	82	$	67	$	970
Commercial Vehicle	1,860		119			194		40		44		938
Off-Highway	1,330		44			163		33		18		379
Power Technologies	1,030		21			150		33		35		454
Eliminations and other			(308		)			21		11		311
Total	$	6,769	$	—		$	749	$	209	$	175	$	3,052

Net assets include certain cash balances, accounts receivable, inventories, other current assets, certain intangibles, investments in affiliates, other noncurrent assets, net property, plant and equipment, notes payable and short term debt, accounts payable and current accrued liabilities.

Reconciliation of segment EBITDA to consolidated net income —

	2015			2014			2013
Segment EBITDA	$	658		$	745		$	749
Corporate expense and other items, net	(6		)	1			(2		)
Depreciation	(158		)	(164		)	(175		)
Amortization of intangibles	(16		)	(49		)	(87		)
Restructuring	(15		)	(21		)	(24		)
Stock compensation expense	(14		)	(16		)	(16		)
Strategic transaction expenses	(4		)	(3		)	(4		)
Other items	(6		)	9
Impairment of long-lived assets	(36		)
Distressed supplier costs	(8		)
Amounts attributable to previously divested/closed operations	(6		)
Loss on disposal group held for sale				(80		)
Pension settlement charges				(42		)
Loss on extinguishment of debt	(2		)	(19		)
Write-off of deferred financing costs							(4		)
Gain on derecognition of noncontrolling interest	5
Recognition of unrealized gain on payment-in-kind note receivable				2			5
Interest expense	(113		)	(118		)	(99		)
Interest income	13			15			25
Income from continuing operations before income taxes	292			260			368
Income tax expense (benefit)	82			(70		)	119
Equity in earnings (losses) of affiliates	(34		)	13			12
Income from continuing operations	176			343			261
Income (loss) from discontinued operations	4			(15		)	(1		)
Net income	$	180		$	328		$	260

Reconciliation of segment net assets to consolidated total assets —

	2015		2014
Segment net assets	$	2,917	$	3,035
Accounts payable and other current liabilities	1,091		1,261
Other current and long-term assets	318		609
Consolidated total assets	$	4,326	$	4,905

Geographic information — Of our 2015 consolidated net sales, the U.S., Italy, Germany and Brazil account for 46%, 9%, 6% and 4%, respectively. No other country accounts for more than 5% of our consolidated net sales over the past three years. Sales are attributed to the location of the product entity recording the sale. Long-lived assets represent property, plant and equipment.

	Net Sales						Long-Lived Assets
	2015		2014		2013		2015		2014		2013
North America
United States	$	2,805	$	2,760	$	2,559	$	441	$	368	$	311
Other North America	405		366		399		90		111		131
Total	3,210		3,126		2,958		531		479		442
Europe
Italy	570		703		734		58		61		71
Germany	368		429		410		100		106		124
Other Europe	785		846		850		153		151		161
Total	1,723		1,978		1,994		311		318		356
South America
Brazil	240		505		639		80		119		129
Other South America	137		266		344		19		22		56
Total	377		771		983		99		141		185
Asia Pacific	750		742		834		226		238		242
Total	$	6,060	$	6,617	$	6,769	$	1,167	$	1,176	$	1,225

Sales to major customers — Ford is the only individual customer to whom sales have exceeded 10% of our consolidated sales in the past three years. Sales to Ford for the three most recent years were $1,187 (20% ) in 2015, $1,217 (18%) in 2014 and $1,226 (18% ) in 2013.