Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results Unaudited [Text Block]

Dana Incorporated

Quarterly Results (Unaudited)

(In millions, except per share amounts)

2018	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales	$	2,138	$	2,054	$	1,978	$	1,973
Gross margin	$	307	$	308	$	286	$	256
Net income	$	111	$	127	$	96	$	106
Net income attributable to the parent company	$	108	$	124	$	95	$	100
Net income per share available to parent company common stockholders
Basic	$	0.74	$	0.85	$	0.66	$	0.69
Diluted	$	0.73	$	0.85	$	0.65	$	0.69

2017	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales	$	1,701	$	1,840	$	1,831	$	1,837
Gross margin	$	264	$	277	$	269	$	256
Net income (loss)	$	80	$	73	$	73	$	(110	)
Net income (loss) attributable to the parent company	$	75	$	71	$	69	$	(104	)
Net income (loss) per share available to parent company common stockholders
Basic	$	0.52	$	0.48	$	0.47	$	(0.74	)
Diluted	$	0.51	$	0.47	$	0.46	$	(0.74	)

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

Net income for the second quarter of 2018 includes a $20 pre-tax charge to fully impair intangible assets used in research and development activities. The net loss for the fourth quarter of 2017 includes a $27 pre-tax charge to adjust carrying value of our Brazil suspension components business to fair value and to recognize the liability for the additional cash required to be contributed to the business prior to closing and a tax charge of $186 to recognize the estimated effects of U.S. tax reform legislation enacted on December 22, 2017. Net income for the third and second quarters of 2017 includes a $13 and $6 pre-tax loss on extinguishment of debt.