Equity Affiliates

6 Months Ended

Jun. 30, 2011

Note 18. Equity Affiliates

Equity Affiliates — At June 30, 2011, we had a number of investments in entities that engage in the manufacture of vehicular parts — primarily axles, driveshafts, wheel-end braking systems and all-wheel drive systems — supplied to OEMs.

The following table reflects our ownership percentages and the balances of equity method investments exceeding $5 at June 30, 2011:

	Ownership
	Percentage		Investment
Dongfeng Dana Axle Co., Ltd.		50%	$	140
GETRAG entities (1)	42% to 49%			77
Bendix Spicer Foundation Brake, LLC		20%		29
Axles India Limited		48%		7
All others as a group	Various			11
Investments in equity affiliates				264
Investment in affiliates carried at cost	Various			5
Investment in affiliates			$	269

(1) Dana owns 49% of GETRAG Corporation and 42% of GETRAG Dana Holding GmbH

The following table presents summarized financial information for the GETRAG entities:

	Six Months Ended June 30,
	2011		2010
Sales	$	400	$	320
Gross profit	$	56	$	50
Pre-tax income	$	24	$	23
Net income	$	15	$	15
Parent company equity earnings in affiliate	$	5	$	6

On July 27, 2011, we entered into definitive agreements to sell our equity interests in GETRAG Corporation and GETRAG Dana Holding GmbH for $136. As of June 30, 2011, our investment balances in the GETRAG entities totaled $77. We will continue to record our share of equity in earnings of the GETRAG entities through the closing date of the transactions. We anticipate the transactions will be completed by September 30, 2011.

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

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