Stockholders’ Equity

Common stock — Our Board of Directors declared a quarterly cash dividends of ten cents per share of common stock in the first quarter of 2018. Dividends accrue on restricted stock units (RSUs) granted under our stock compensation program and will be paid in cash or additional units when the underlying units vest.

Share repurchase program — On March 24, 2018 our Board of Directors approved an expansion of our existing common stock share repurchase program to $200. The program expires on December 31, 2019. The authorized amount of $200 remained available for future share repurchases as of March 31, 2018.

Changes in equity —



	2018									2017
Three Months Ended March 31,	Attributable to Parent			Attributable to Non- controlling Interests			Total Equity			Attributable to Parent			Attributable to Non- controlling Interests			Total Equity
Balance, December 31	$	1,013		$	101		$	1,114		$	1,157		$	85		$	1,242
Adoption of ASU 2016-16 tax adjustment, January 1, 2017							—			(179		)				(179		)
Net income	108			2			110			75			5			80
Other comprehensive income	8						8			30			2			32
Common stock dividends	(15		)				(15		)	(9		)				(9		)
Distributions to noncontrolling interests				(1		)	(1		)				(1		)	(1		)
Increase from business combination							—						14			14
Purchase of noncontrolling interests	(9		)	9			—									—
Stock compensation	5						5			7						7
Stock withheld for employee taxes	(6		)				(6		)	(3		)				(3		)
Balance, March 31	$	1,104		$	111		$	1,215		$	1,078		$	105		$	1,183

See Note 1 for additional information about adoption of new accounting guidance on January 1, 2018 and 2017. During the first quarter of 2018, a wholly-owned subsidiary of Dana purchased the ownership interest in Dana Spicer (Thailand) Limited (a non wholly-owned consolidated subsidiary of Dana) held by ROC Spicer, Ltd. (a non wholly-owned consolidated subsidiary of Dana). Dana maintained its controlling financial interest in Dana Spicer (Thailand) Limited and accordingly accounted for the purchase as an equity transaction. The excess of the fair value of the consideration paid over the carrying value of the investment attributable to the noncontrolling interest in ROC Spicer, Ltd. was recognized as additional noncontrolling interest with a corresponding reduction of the additional paid-in capital of Dana.

Changes in each component of accumulated other comprehensive income (AOCI) of the parent —



	Parent Company Stockholders
	Foreign Currency Translation			Hedging			Investments			Defined Benefit Plans			Total
Balance, December 31, 2017	$	(670	)	$	(64	)	$	2		$	(610	)	$	(1,342	)
Other comprehensive income (loss):
Currency translation adjustments	14												14
Holding loss on net investment hedge	(5		)										(5		)
Holding gains and losses				(38		)							(38		)
Reclassification of amount to net income (a)				29									29
Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b)										9			9
Tax (expense) benefit				1						(2		)	(1		)
Other comprehensive income (loss)	9			(8		)	—			7			8
Adoption of ASU 2016-01 financial instruments adjustment, January 1, 2018							(2		)				(2		)
Balance, March 31, 2018	$	(661	)	$	(72	)	$	—		$	(603	)	$	(1,336	)

Balance, December 31, 2016	$	(646	)	$	(34	)	$	—		$	(604	)	$	(1,284	)
Other comprehensive income (loss):
Currency translation adjustments	34												34
Holding loss on net investment hedge	(5		)										(5		)
Holding gains and losses				(12		)							(12		)
Reclassification of amount to net income (a)				6									6
Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b)										8			8
Tax (expense) benefit				2						(3		)	(1		)
Other comprehensive income (loss)	29			(4		)	—			5			30
Balance, March 31, 2017	$	(617	)	$	(38	)	$	—		$	(599	)	$	(1,254	)

(a) For 2018, realized gains and losses from currency-related forward contracts associated with forecasted transactions or from other derivative instruments treated as cash flow hedges are reclassified from AOCI into the same line item in the consolidated statement of operations in which the underlying forecasted transaction or other hedged item is recorded. See Note 14 for additional details. For 2017, reclassifications from AOCI were included in other expense, net.

(b) See Note 11 for additional details.