XML 30 R17.htm IDEA: XBRL DOCUMENT v3.22.4
Note 9 - Redeemable Noncontrolling Interests
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Redeemable Noncontrolling Interest Disclosure [Text Block]

Note 9. Redeemable Noncontrolling Interests

 

Hydro-Québec owns a 45% redeemable noncontrolling interest in Dana TM4 Inc., Dana TM4 Electric Holdings BV and Dana TM4 USA, LLC. The terms of the joint venture agreement provide Hydro-Québec with the right to put all, and not less than all, of its ownership interests in Dana TM4 Inc., Dana TM4 Electric Holdings BV and Dana TM4 USA, LLC to Dana at fair value.

 

Redeemable noncontrolling interests reflected as of the balance sheet date are the greater of the redeemable noncontrolling interest balances adjusted for comprehensive income (loss) items and distributions or the redemption values. Redeemable noncontrolling interest adjustments of redemption value are recorded in retained earnings. We estimate the fair value of the redemption value using an income based approach based on discounted cash flow projections.  In determining fair value using discounted cash flow projections, we make significant assumptions and estimates about the extent and timing of future cash flows, including revenue growth rates, projected EBITDA, discount rates, and terminal growth rates.

 

Reconciliation of changes in redeemable noncontrolling interests —

 

  

2022

  

2021

 

Balance, beginning of period

 $198  $180 

Capital contribution from redeemable noncontrolling interest

  51   14 

Adjustment to redemption value

  41   6 

Other

     (1)

Comprehensive income (loss) adjustments:

        

Net loss attributable to redeemable noncontrolling interests

  (84)  (11)

Other comprehensive income (loss) attributable to redeemable noncontrolling interests

  (11)  10 

Balance, end of period

 $195  $198