Note 7 - Redeemable Noncontrolling Interests

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Redeemable Noncontrolling Interest Disclosure [Text Block]

In connection with the acquisition of a controlling financial interest in TM4 from Hydro-Québec on June 22, 2018, we recognized $102 for Hydro-Québec's 45% redeemable noncontrolling interest in TM4. On July 29, 2019, we broadened our relationship with Hydro-Québec, with Hydro-Québec acquiring an indirect 45% redeemable noncontrolling interest in SME and an additional indirect 22.5% redeemable noncontrolling interest in PEPS which resulted in recognition of additional redeemable noncontrolling interest of $64. On  April 14, 2020, Hydro-Québec acquired an indirect 45% redeemable noncontrolling interest in Ashwoods which resulted in recognition of additional redeemable noncontrolling interest of $7. The terms of the agreement provide Hydro-Québec with the right to put all, and not less than all, of its ownership interests in TM4, SME, PEPS and Ashwoods to Dana at fair value any time after June 22, 2021. See Note 2 for additional information.

Redeemable noncontrolling interests reflected as of the balance sheet date are the greater of the redeemable noncontrolling interest balances adjusted for comprehensive income items and distributions or the redemption values. Redeemable noncontrolling interest adjustments of redemption value are recorded in retained earnings. See Note 1 for additional information on the correction of the error in net loss attributable to redeemable noncontrolling interests. 

Reconciliation of changes in redeemable noncontrolling interests —

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020			2019			2020			2019
Balance, beginning of period	$	159		$	105		$	167		$	100
Capital contribution from redeemable noncontrolling interest		1			2			10			4
Sale of redeemable noncontrolling interest					64						64
Comprehensive income (loss) adjustments:
Net loss attributable to redeemable noncontrolling interests		(4	)		(2	)		(25	)		(3	)
Other comprehensive income (loss) attributable to redeemable noncontrolling interests		(4	)		5						9
Balance, end of period	$	152		$	174		$	152		$	174