Quarterly Results

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results Unaudited [Text Block]

Dana Holding Corporation

Quarterly Results (Unaudited)

(In millions, except per share amounts)

2015	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales	$	1,608	$	1,609	$	1,468	$	1,375
Gross margin	$	228	$	236	$	213	$	172
Net income (loss)	$	74	$	63	$	122	$	(79	)
Net income (loss) attributable to the parent company	$	63	$	59	$	119	$	(82	)
Net income (loss) per share available to parent company common stockholders
Basic	$	0.38	$	0.36	$	0.75	$	(0.54	)
Diluted	$	0.38	$	0.36	$	0.75	$	(0.54	)

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

___________________________________________________________

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

Net income for the third quarter of 2015 includes a $36 loss on impairment of long-lived assets and a deferred tax asset valuation allowance release of $100. Net income for the fourth quarter of 2015 includes a $39 impairment loss related to our equity method investment in DDAC, a charge resulting from deferred tax asset valuation allowance adjustments of $49 and tax expense of $23 on the sale of an affiliate's stock to a non-U.S. affiliate. 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 a deferred tax asset valuation allowance release of $179.