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 —



	2016							2015
Three Months Ended June 30,	External Sales		Inter-Segment Sales			Segment EBITDA		External Sales		Inter-Segment Sales			Segment EBITDA
Light Vehicle	$	669	$	32		$	71	$	641	$	35		$	66
Commercial Vehicle	349		21			32		431		26			36
Off-Highway	252		8			37		279		10			41
Power Technologies	276		5			43		258		4			39
Eliminations and other			(66		)					(75		)
Total	$	1,546	$	—		$	183	$	1,609	$	—		$	182

Six Months Ended June 30,
Light Vehicle	$	1,282	$	64		$	129	$	1,278	$	72		$	130
Commercial Vehicle	682		43			58		864		51			71
Off-Highway	493		17			69		563		21			80
Power Technologies	538		8			78		512		8			77
Eliminations and other			(132		)					(152		)
Total	$	2,995	$	—		$	334	$	3,217	$	—		$	358

Reconciliation of segment EBITDA to consolidated net income —



	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Segment EBITDA	$	183		$	182		$	334		$	358
Corporate expense and other items, net	(5		)	(2		)	(8		)	(2		)
Depreciation	(43		)	(39		)	(84		)	(78		)
Amortization of intangibles	(2		)	(4		)	(4		)	(10		)
Restructuring	(5		)	(11		)	(6		)	(12		)
Stock compensation expense	(5		)	(5		)	(7		)	(8		)
Strategic transaction expenses	(1		)	(1		)	(3		)	(2		)
Other items	1						(3		)
Distressed supplier costs							(1		)
Amounts attributable to previously divested/closed operations	2						3
Gain on derecognition of noncontrolling interest										5
Loss on extinguishment of debt	(17		)				(17		)	(2		)
Interest expense	(30		)	(27		)	(57		)	(55		)
Interest income	2			4			5			7
Income before income taxes	80			97			152			201
Income tax expense	29			36			53			67
Equity in earnings of affiliates	4			2			4			3
Net income	$	55		$	63		$	103		$	137