Redeemable Noncontrolling Interests

6 Months Ended

Jun. 30, 2017

Temporary Equity Disclosure [Abstract]

Noncontrolling Interest Disclosure [Text Block]

Redeemable Noncontrolling Interests

In connection with the acquisition of a controlling interest in Brevini Fluid Power S.p.A. (BFP) and Brevini Power Transmission S.p.A. (BPT) from Brevini Group S.p.A. (Brevini) on February 1, 2017, we recognized $45 for Brevini's 20% redeemable noncontrolling interests. The terms of the agreement provide Dana the right to call Brevini's noncontrolling interests in BFP and BPT, and Brevini the right to put its noncontrolling interests in BFP and BPT to Dana, assuming Dana does not exercise its call rights, at dates and prices defined in the agreement. The call and put prices are based on the amount Dana paid to acquire its initial ownership interest in BFP and BPT subject to adjustment based on the actual EBITDA and free cash flows, as defined in the agreement, of BFP and BPT. See Note 2 for additional information.

Redeemable noncontrolling interests reflected as of the balance sheet date are the greater of the redeemable noncontrolling interest balances adjusted for comprehensive income items and distributions or the redemption values (i.e., the "floor"). Redeemable noncontrolling interest adjustments of redemption value to the floor are recorded in retained earnings and included as an adjustment to net income available to parent company stockholders in the calculation of earnings per share. During the second quarter of 2017 there was a $2 adjustment to reflect a redemption value in excess of carrying value. See Note 8.

Reconciliation of changes in redeemable noncontrolling interests —

June 30, 2017	Three Months Ended			Six Months Ended
Balance, beginning of period	$	44		$	—
Initial fair value of redeemable noncontrolling interests of acquired business				45
Comprehensive income (loss) adjustments:
Net income (loss) attributable to redeemable noncontrolling interests	(3		)	(3		)
Other comprehensive income (loss) attributable to redeemable noncontrolling interests	3			2
Retained earnings adjustments:
Adjustment to redemption value	2			2
Balance, June 30	$	46		$	46