Pension and Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2011

Components of Net Periodic Benefit Costs and Other Amounts Recognized in OCI

Components of net periodic benefit costs and other amounts recognized in OCI —

	Pension Benefits
	2011						2010						2009
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Interest cost	$	92		$	13		$	100		$	17		$	109		$	19
Expected return on plan assets		(104	)		(2	)		(99	)		(5	)		(116	)		(9	)
Service cost					5						5						6
Amortization of net actuarial loss		20						19
Curtailment (gain) loss														1			(1	)
Settlement loss					5						2						1
Termination cost														2
Net periodic benefit cost (credit)		8			21			20			19			(4	)		16
Recognized in OCI:
Amount due to net actuarial (gains) losses		66			(1	)		29			3			285			27
Prior service cost from
plan amendments																	(1	)
Amortization of net actuarial
losses in net periodic cost		(20	)		(5	)		(19	)		(2	)
Total recognized in OCI		46			(6	)		10			1			285			26
Net recognized in benefit cost and OCI	$	54		$	15		$	30		$	20		$	281		$	42

	OPEB - Non-U.S
	2011		2010			2009
Interest cost	$	7	$	7		$	6
Service cost							1
Curtailment gain							(2	)
Net periodic benefit cost		7		7			5
Recognized in OCI:
Amount due to net actuarial (gains) losses		7		(1	)		9
Total recognized in OCI		7		(1	)		9
Net recognized in benefit cost and OCI	$	14	$	6		$	14

Reconciliation of Changes in Benefit Obligations, Plan Assets and Funded Status and Amounts Recognized in Balance Sheet

Funded status — The following tables provide reconciliations of the changes in benefit obligations, plan assets and funded status and amounts recognized in the consolidated balance sheets.

	Pension Benefits
	2011						2010						OPEB - Non-U.S.
	U.S.			Non-U.S.			U.S.			Non-U.S.			2011			2010
Reconciliation of benefit obligation:
Obligation at beginning	$	1,866		$	325		$	1,831		$	351		$	132		$	124
of period
Interest cost		92			13			100			17			7			7
Service cost					5						5
Actuarial (gain) loss		114			(2	)		94			7			7			(1	)
Benefit payments		(141	)		(17	)		(159	)		(17	)		(6	)		(6	)
Settlements, curtailments
and terminations					(77	)					(33	)
Translation adjustments					(4	)					(5	)		(3	)		8
Obligation at end of period	$	1,931		$	243		$	1,866		$	325		$	137		$	132

	Pension Benefits
	2011						2010						OPEB - Non-U.S.
	U.S.			Non-U.S.			U.S.			Non-U.S.			2011			2010
Reconciliation of fair value of plan assets:
Fair value at beginning of period	$	1,456		$	120		$	1,401		$	136		$	—		$	—
Actual return on plan assets		152			1			164			9
Employer contributions		30			14			50			18			6			6
Benefit payments		(141	)		(17	)		(159	)		(17	)		(6	)		(6	)
Settlements					(77	)					(33	)
Translation adjustments					2						7
Fair value at end of period	$	1,497		$	43		$	1,456		$	120		$	—		$	—
Funded status at end of period	$	(434	)	$	(200	)	$	(410	)	$	(205	)	$	(137	)	$	(132	)

Amounts recognized in the balance sheet —

	Pension Benefits
	2011						2010						OPEB - Non-U.S.
	U.S.			Non-U.S.			U.S.			Non-U.S.			2011			2010
Amounts recognized in the consolidated balance sheet:
Noncurrent assets	$	—		$	8		$	—		$	10		$	—		$	—
Current liabilities					(10	)					(10	)		(7	)		(7	)
Noncurrent liabilities		(434	)		(198	)		(410	)		(205	)		(130	)		(125	)
Net amount recognized	$	(434	)	$	(200	)	$	(410	)	$	(205	)	$	(137	)	$	(132	)

	Pension Benefits
	2011					2010					OPEB - Non-U.S.
	U.S.		Non-U.S.			U.S.		Non-U.S.			2011		2010
Amounts recognized in AOCI:
Net actuarial loss (gain)	$	443	$	12		$	397	$	18		$	—	$	(7	)
Prior service cost				6					6
Gross amount recognized		443		18			397		24					(7	)
Deferred tax benefits				(2	)				(3	)
Minority and equity interests				(1	)				(1	)
Net amount recognized	$	443	$	15		$	397	$	20		$	—	$	(7	)

Aggregate Funding Levels of Defined Benefit Pension Plans

Aggregate funding levels — The following table presents information regarding the aggregate funding levels of our defined benefit pension plans at December 31:

	2011				2010
	U.S		Non-U.S		U.S		Non-U.S
Plans with fair value of plan assets in excess of obligations:
Accumulated benefit obligation	$	16	$	16	$	15	$	90
Projected benefit obligation		16		16		15		91
Fair value of plan assets		16		24		15		101
Plans with obligations in excess of fair value of plan assets:
Accumulated benefit obligation		1,915		209		1,851		215
Projected benefit obligation		1,915		227		1,851		234
Fair value of plan assets		1,481		19		1,441		19

Fair Value of Pension Plan Assets

Fair value of pension plan assets —

			Fair Value Measurements at December 31, 2011
			U.S.						Non-U.S.
			Quoted		Significant				Significant
			Prices in		Other		Significant		Other		Significant
			Active		Observable		Unobservable		Observable		Unobservable
			Markets		Inputs		Inputs		Inputs		Inputs
Asset Category	Total		(Level 1)		(Level 2)		(Level 3)		(Level 2)		(Level 3)
Equity securities:
U.S. all cap (a)	$	56	$	56	$	—	$	—	$	—	$	—
U.S. large cap		114		114
U.S. small cap		35		35
EAFE composite		127		127
Emerging markets		52		52
Fixed income securities:
U.S. core bonds (b)		163				163
Corporate bonds		501				501
U.S. Treasury strips		265				265
Non-U.S. government
securities		24								24
Emerging market debt		44				44
Alternative Investments:
Hedge fund of funds (c)		73						73
Insurance contracts (d)		10										10
Real estate		42						42
Other		6						1		5
Cash and cash equivalents		28				24				4
Total	$	1,540	$	384	$	997	$	116	$	33	$	10

			Fair Value Measurements at December 31, 2010
			U.S.						Non-U.S.
			Quoted		Significant				Significant
			Prices in		Other		Significant		Other		Significant
			Active		Observable		Unobservable		Observable		Unobservable
			Markets		Inputs		Inputs		Inputs		Inputs
Asset Category	Total		(Level 1)		(Level 2)		(Level 3)		(Level 2)		(Level 3)
Equity securities:
U.S. all cap (a)	$	66	$	66	$	—	$	—	$	—	$	—
U.S. large cap		115		115
U.S. small cap		35		35
EAFE composite		160		160
Emerging markets		65		65
Fixed income securities:
U.S. core bonds (b)		112				112
Corporate bonds		467				463				4
U.S. Treasury strips		219				219
Non-U.S. government
securities		91								91
Emerging market debt		41				41
Alternative Investments:
Hedge fund of funds (c)		78						78
Insurance contracts (d)		10										10
Real estate		19						19
Other		5						1		4
Cash and cash equivalents		93				82				11
Total	$	1,576	$	441	$	917	$	98	$	110	$	10

Notes:

(a)	This category comprises a combination of small-, mid- and large-cap equity stocks that are allocated at the investment manager’s discretion.
(b)	This category represents a combination of investment grade corporate bonds, sovereign bonds, Yankee bonds, asset backed securities and U.S. government bonds.
(c)	This category includes fund managers that invest in a well-diversified group of hedge funds where strategies include, but are not limited to, event driven, relative value, long/short market neutral, multistrategy and global macro.
(d)	This category comprises contracts placed with insurance companies where the underlying assets are invested in fixed interest securities.

Reconciliation of Level 3 Assets

	2011							2010
	U.S.					Non-U.S.		U.S.					Non-U.S.
Reconciliation of Level 3 Assets	Hedge fund of funds			Real Estate and Other		Insurance contract		Hedge fund of funds			Real Estate and Other		Insurance contract
Fair value at beginning of period	$	78		$	20	$	10	$	109		$	2	$	9
Unrealized gains (losses) relating to
Assets sold during the period									(36	)
Assets still held at the reporting date		(5	)		4				5					1
Purchases					19							18
Fair value at end of period	$	73		$	43	$	10	$	78		$	20	$	10

One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

A one-percentage-point change in assumed health care cost trend rates would have the following effects for 2011:

	1% Point		1% Point
	Increase		Decrease
Effect on total of service and interest cost components	$	1	$	(1	)
Effect on OPEB obligations		14		(12	)

Expected Future Benefit Payments

Estimated future benefit payments and contributions — Expected benefit payments by our pension and OPEB plans for each of the next five years and for the period 2017 through 2021 are as follows:

	Pension Benefits				OPEB
Year	U.S.		Non-U.S.		Non-U.S.
2012	$	140	$	13	$	7
2013		135		13		7
2014		132		13		7
2015		130		13		8
2016		126		14		8
2017 to 2021		597		82		39
Total	$	1,260	$	148	$	76

Multiemployer Pension Plans

Employer Identification

PPA

Funding Plan

Pension

Number /

Zone Status

Pending /

Contributions by Dana

Surcharge

Fund

Plan Number

2011

2010

Implemented

2011

2010

2009

Imposed

SPT

23-6648508 / 499

Green

Green

No

$

9

$

8

$

9

No

Pension Plans, Defined Benefit

Significant Weighted Average Assumptions Used

Significant assumptions — The significant weighted average assumptions used in the measurement of pension benefit obligations at December 31 of each year and the net periodic benefit cost for each year are as follows:

	2011						2010						2009
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Pension benefit obligations:
Discount rate		4.57	%		4.98	%		5.23	%		4.87	%		5.79	%		5.36	%
Net periodic benefit cost:
Discount rate		5.23	%		4.87	%		5.79	%		5.36	%		6.44	%		5.80	%
Rate of compensation increase		N/A			3.21	%		N/A			3.19	%		N/A			3.21	%
Expected return on plan assets		7.50	%		4.09	%		7.50	%		4.12	%		7.50	%		6.03	%

Other Postretirement Benefit Plans, Defined Benefit

Significant Weighted Average Assumptions Used

The significant weighted average assumptions used in the measurement of OPEB obligations at December 31 of each year and the net periodic benefit cost for each year are as follows:

	2011			2010			2009
	Non-U.S.			Non-U.S.			Non-U.S.
OPEB benefit obligations:
Discount rate		4.18	%		5.11	%		5.79	%
Net periodic benefit cost:
Discount rate		5.11	%		5.79	%		6.33	%
Initial health care costs trend rate		6.70	%		7.00	%		7.98	%
Ultimate health care costs trend rate		5.02	%		5.02	%		5.03	%
Year ultimate reached		2018			2015			2015