Segments

We are a global provider of high-technology products to virtually every major vehicle and engine manufacturer in the world. We also serve the stationary industrial market. Our technologies include drive and motion products (axles, driveshafts, planetary hub drives, power-transmission products, tire-management products, transmissions, and motors, power inverters and controls systems for electric vehicles); sealing solutions (gaskets, seals, heat shields, and fuel-cell plates); thermal-management technologies (transmission and engine oil cooling, battery and electronics cooling, and exhaust-gas heat recovery); and fluid-power products (pumps, valves, motors, and controls). We serve our global light vehicle, medium/heavy vehicle and off-highway markets through four operating segments – Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Drive and Motion Technologies (Off-Highway) and Power Technologies, which is the center of excellence for sealing and thermal-management 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 —



	2019							2018
Three Months Ended March 31,	External Sales		Inter-Segment Sales			Segment EBITDA		External Sales		Inter-Segment Sales			Segment EBITDA
Light Vehicle	$	906	$	36		$	102	$	950	$	33		$	103
Commercial Vehicle	431		27			41		400		26			34
Off-Highway	552		5			82		492		2			72
Power Technologies	274		6			34		296		5			45
Eliminations and other			(74		)					(66		)
Total	$	2,163	$	—		$	259	$	2,138	$	—		$	254

Reconciliation of segment EBITDA to consolidated net income —



	Three Months Ended March 31,
	2019			2018
Segment EBITDA	$	259		$	254
Corporate expense and other items, net	(2		)	(6		)
Depreciation	(73		)	(64		)
Amortization	(4		)	(3		)
Non-service cost components of pension and OPEB costs	(6		)	(3		)
Restructuring charges, net	(9		)	(1		)
Stock compensation expense	(5		)	(4		)
Strategic transaction expenses, net of transaction breakup fee income	(13		)	1
Acquisition related inventory adjustments	(4		)
Non-income tax legal judgment	6
Other items	(9		)
Earnings before interest and income taxes	140			174
Interest expense	27			24
Interest income	2			3
Earnings before income taxes	115			153
Income tax expense	20			48
Equity in earnings of affiliates	6			6
Net income	$	101		$	111