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Segments
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segments [Text Block] 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 September 30,
 
External Sales
 
Inter-Segment Sales
 
Segment EBITDA
 
External Sales
 
Inter-Segment Sales
 
Segment EBITDA
Light Vehicle
 
$
930

 
$
30

 
$
113

 
$
879

 
$
34

 
$
102

Commercial Vehicle
 
398

 
27

 
33

 
406

 
29

 
39

Off-Highway
 
582

 
3

 
79

 
425

 
3

 
69

Power Technologies
 
254

 
7

 
28

 
268

 
5

 
33

Eliminations and other
 


 
(67
)
 


 


 
(71
)
 


Total
 
$
2,164

 
$
—

 
$
253

 
$
1,978

 
$
—

 
$
243

 
 
 

 
 

 
 

 
 

 
 

 
 

Nine Months Ended September 30,
 
 

 
 

 
 

 
 

 
 

 
 

Light Vehicle
 
$
2,763

 
$
99

 
$
333

 
$
2,702

 
$
103

 
$
297

Commercial Vehicle
 
1,266

 
80

 
115

 
1,217

 
83

 
114

Off-Highway
 
1,808

 
13

 
264

 
1,402

 
8

 
220

Power Technologies
 
796

 
17

 
90

 
849

 
16

 
117

Eliminations and other
 


 
(209
)
 


 


 
(210
)
 


Total
 
$
6,633

 
$
—

 
$
802

 
$
6,170

 
$
—

 
$
748



Reconciliation of segment EBITDA to consolidated net income —

Three Months Ended
September 30,

Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Segment EBITDA
$
253


$
243


$
802


$
748

Corporate expense and other items, net
(3
)

(3
)

(9
)

(14
)
Depreciation
(82
)

(63
)

(235
)

(187
)
Amortization
(4
)
 
(3
)
 
(12
)
 
(8
)
Non-service cost components of pension and OPEB costs
(4
)
 
(3
)
 
(19
)
 
(10
)
Pension settlement charge
(2
)
 
 
 
(260
)
 
 
Restructuring charges, net
(5
)

(9
)

(23
)

(17
)
Stock compensation expense
(5
)
 
(4
)
 
(15
)
 
(13
)
Strategic transaction expenses, net of transaction breakup
  fee income
(8
)

(6
)

(32
)

(13
)
Acquisition related inventory adjustments
(3
)
 


 
(12
)
 


Non-income tax legal judgment
 
 
 
 
6

 
 
Other items
 
 
(5
)
 
(9
)
 
(10
)
Impairment of indefinite-lived intangible asset


 


 


 
(20
)
Adjustment in fair value of disposal group held for sale


 


 


 
3

Earnings before interest and income taxes
137

 
147

 
182

 
459

Interest expense
31


24


92


71

Interest income
3


3


8


8

Earnings before income taxes
109


126


98


396

Income tax expense (benefit)
5


31


(27
)

75

Equity in earnings of affiliates
8


1


22


13

Net income
$
112


$
96


$
147


$
334