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Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results Unaudited [Text Block]
Dana Incorporated
Quarterly Results (Unaudited)
(In millions, except per share amounts)

2016
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Net sales
 
$
1,449

 
$
1,546

 
$
1,384

 
$
1,447

Gross margin
 
$
199

 
$
233

 
$
208

 
$
204

Net income
 
$
48

 
$
55

 
$
61

 
$
489

Net income attributable to the parent company
 
$
45

 
$
53

 
$
57

 
$
485

Net income per share available to parent company common stockholders
 
 

 
 

 
 

 
 

Basic
 
$
0.30

 
$
0.36

 
$
0.40

 
$
3.37

Diluted
 
$
0.30

 
$
0.36

 
$
0.39

 
$
3.34


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
)

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

Net income for the fourth quarter of 2016 includes a combined loss of $80 ($52 after tax) on the divestiture of our Nippon Reinz Co. Ltd. and Dana Companies, LLC subsidiaries and a $476 credit resulting from the release of valuation allowance on our U.S. deferred tax assets of $501 net of an increase in valuation allowance of $25 in Brazil. Net income for the second quarter of 2016 includes a $17 pre-tax loss on extinguishment of debt. Net income for the third quarter of 2015 includes a $36 ($24 after tax) 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.