Segments, Geographical Area and Major Customer Information

12 Months Ended

Dec. 31, 2016

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 —

2016	External Sales		Inter- Segment Sales			Segment EBITDA		Capital Spend		Depreciation		Net Assets
Light Vehicle	$	2,607	$	113		$	279	$	208	$	71	$	1,194
Commercial Vehicle	1,254		83			96		34		33		699
Off-Highway	909		30			129		21		20		262
Power Technologies	1,056		14			158		32		29		440
Eliminations and other			(240		)			27		20		760
Total	$	5,826	$	—		$	662	$	322	$	173	$	3,355
2015
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		310
Power Technologies	1,005		15			149		34		28		423
Eliminations and other			(273		)			35		15		467
Total	$	6,060	$	—		$	658	$	260	$	158	$	2,894
2014
Light Vehicle	$	2,496	$	139		$	250	$	129	$	63	$	1,003
Commercial Vehicle	1,838		92			172		38		34		870
Off-Highway	1,231		37			169		23		21		346
Power Technologies	1,052		19			154		30		32		445
Eliminations and other			(287		)			14		14		360
Total	$	6,617	$	—		$	745	$	234	$	164	$	3,024

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 —

	2016			2015			2014
Segment EBITDA	$	662		$	658		$	745
Corporate expense and other items, net	(2		)	(6		)	1
Depreciation	(173		)	(158		)	(164		)
Amortization of intangibles	(9		)	(16		)	(49		)
Restructuring	(36		)	(15		)	(21		)
Stock compensation expense	(17		)	(14		)	(16		)
Strategic transaction expenses	(13		)	(4		)	(3		)
Other items	(2		)	(6		)	9
Loss on sale of subsidiaries	(80		)
Impairment of long-lived assets				(36		)
Distressed supplier costs	(1		)	(8		)
Amounts attributable to previously divested/closed operations	3			(6		)
Loss on disposal group held for sale							(80		)
Pension settlement charges							(42		)
Loss on extinguishment of debt	(17		)	(2		)	(19		)
Gain on derecognition of noncontrolling interest				5
Recognition of unrealized gain on payment-in-kind note receivable							2
Interest expense	(113		)	(113		)	(118		)
Interest income	13			13			15
Income from continuing operations before income taxes	215			292			260
Income tax expense (benefit)	(424		)	82			(70		)
Equity in earnings (losses) of affiliates	14			(34		)	13
Income from continuing operations	653			176			343
Income (loss) from discontinued operations				4			(15		)
Net income	$	653		$	180		$	328

Reconciliation of segment net assets to consolidated total assets —

	2016		2015
Segment net assets	$	3,355	$	2,894
Accounts payable and other current liabilities	1,254		1,090
Other current and long-term assets	251		317
Consolidated total assets	$	4,860	$	4,301

Geographic information — Of our 2016 consolidated net sales, the U.S., Italy and Germany account for 46%, 9% and 6%, respectively. No other country accounted for more than 5% of our consolidated net sales during 2016. 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
	2016		2015		2014		2016		2015		2014
North America
United States	$	2,695	$	2,805	$	2,760	$	634	$	441	$	368
Other North America	433		405		366		80		90		111
Total	3,128		3,210		3,126		714		531		479
Europe
Italy	499		570		703		58		58		61
Germany	377		368		429		98		100		106
Other Europe	740		785		846		157		153		151
Total	1,616		1,723		1,978		313		311		318
South America	338		377		771		172		99		141
Asia Pacific	744		750		742		214		226		238
Total	$	5,826	$	6,060	$	6,617	$	1,413	$	1,167	$	1,176

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 $1,300 (22%) in 2016, $1,187 (20%) in 2015 and $1,217 (18%) in 2014.