Note 12 - Pension and Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Net Benefit Costs [Table Text Block]

	Pension Benefits
	2023						2022						2021
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Interest cost	$	28		$	14		$	16		$	8		$	13		$	5
Expected return on plan assets		(31	)		(3	)		(28	)		(2	)		(26	)		(2	)
Service cost					6						7						9
Amortization of net actuarial loss		7						8			5			9			9
Curtailment					(1	)
Net periodic benefit cost (credit)		4			16			(4	)		18			(4	)		21
Recognized in OCI:
Amount due to net actuarial (gains) losses		2			15			20			(66	)		(4	)		(23	)
Reclassification adjustment for net actuarial losses in net periodic benefit cost		(7	)					(8	)		(5	)		(9	)		(9	)
Total recognized in OCI		(5	)		15			12			(71	)		(13	)		(32	)
Net recognized in benefit cost (credit) and OCI	$	(1	)	$	31		$	8		$	(53	)	$	(17	)	$	(11	)

	OPEB
	2023					2022						2021
	U.S.		Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Interest cost	$	1	$	2		$	—		$	2		$	—		$	2
Service cost																1
Amortization of net actuarial gain				(4	)					(2	)
Net periodic benefit cost (credit)		1		(2	)		—			—			—			3
Recognized in OCI:
Amount due to net actuarial (gains) losses				8			(1	)		(15	)		(1	)		(24	)
Reclassification adjustment for net actuarial gain in net periodic benefit cost				4						2
Total recognized in OCI		—		12			(1	)		(13	)		(1	)		(24	)
Net recognized in benefit cost (credit) and OCI	$	1	$	10		$	(1	)	$	(13	)	$	(1	)	$	(21	)

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]

	Pension Benefits												OPEB
	2023						2022						2023					2022
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.		Non-U.S.			U.S.			Non-U.S.
Reconciliation of benefit obligation:
Obligation at beginning of period	$	557		$	296		$	745		$	384		$	2	$	48		$	3		$	69
Interest cost		28			14			16			8			1		2						2
Service cost					6						7
Actuarial (gain) loss		12			17			(155	)		(73	)				8			(1	)		(15	)
Benefit payments		(48	)		(16	)		(49	)		(14	)				(4	)					(4	)
Settlements					(1	)
Translation adjustments					14						(16	)				1						(4	)
Obligation at end of period	$	549		$	330		$	557		$	296		$	3	$	55		$	2		$	48

	Pension Benefits												OPEB
	2023						2022						2023						2022
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Reconciliation of fair value of plan assets:
Fair value at beginning of period	$	537		$	59		$	733		$	65		$	—		$	1		$	—		$	1
Actual return on plan assets		41			5			(147	)		(5	)
Employer contributions					18						16						4						4
Benefit payments		(48	)		(16	)		(49	)		(14	)					(4	)					(4	)
Settlements					(1	)
Translation adjustments					4						(3	)					(1	)
Fair value at end of period	$	530		$	69		$	537		$	59		$	—		$	—		$	—		$	1
Funded status at end of period	$	(19	)	$	(261	)	$	(20	)	$	(237	)	$	(3	)	$	(55	)	$	(2	)	$	(47	)

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]

	Pension Benefits												OPEB
	2023						2022						2023						2022
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Amounts recognized in the consolidated balance sheet:
Noncurrent assets	$	11		$	1		$	7		$	2		$	—		$	—		$	—		$	—
Current liabilities					(12	)					(13	)					(4	)					(4	)
Noncurrent liabilities		(30	)		(250	)		(27	)		(226	)		(3	)		(51	)		(2	)		(43	)
Net amount recognized	$	(19	)	$	(261	)	$	(20	)	$	(237	)	$	(3	)	$	(55	)	$	(2	)	$	(47	)

	Pension Benefits										OPEB
	2023					2022					2023					2022
	U.S.		Non-U.S.			U.S.		Non-U.S.			U.S.		Non-U.S.			U.S.		Non-U.S.
Amounts recognized in AOCI:
Net actuarial loss (gain)	$	136	$	20		$	141	$	5		$	—	$	(33	)	$	—	$	(45	)
AOCI before tax		136		20			141		5			—		(33	)		—		(45	)
Deferred taxes		18		(7	)		17		(2	)				8					11
Net	$	154	$	13		$	158	$	3		$	—	$	(25	)	$	—	$	(34	)

Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]

	2023				2022
	U.S.		Non-U.S.		U.S.		Non-U.S.
Plans with fair value of plan assets in excess of obligations:
Accumulated benefit obligation	$	416	$	31	$	425	$	14
Projected benefit obligation		416		32		425		14
Fair value of plan assets		427		33		431		16
Plans with obligations in excess of fair value of plan assets:
Accumulated benefit obligation	$	133	$	270	$	132	$	259
Projected benefit obligation		133		298		132		282
Fair value of plan assets		103		36		106		43

Schedule of Allocation of Plan Assets [Table Text Block]

			Fair Value Measurements at December 31, 2023
			U.S.								Non-U.S.
Asset Category	Total		Level 1		Level 2		Level 3		NAV (a)		Level 1		Level 2		Level 3
Equity securities:
U.S. all cap (b)	$	25	$	25	$	—	$	—	$	—	$	—	$	—	$	—
U.S. large cap		26								26
EAFE composite		14								14
Emerging markets		10								10
Fixed income securities:
Corporate bonds		379				190				189
U.S. Treasury strips		7				7
Non-U.S. government securities		19				2								17
Emerging market debt		8								8
Alternative investments:
Insurance contracts (c)		54						6								48
Real estate		11								11
Other		4												4
Cash and cash equivalents		42				42
Total	$	599	$	25	$	241	$	6	$	258	$	—	$	21	$	48

			Fair Value Measurements at December 31, 2022
			U.S.								Non-U.S.
Asset Category	Total		Level 1		Level 2		Level 3		NAV (a)		Level 1		Level 2		Level 3
Equity securities:
U.S. all cap (b)	$	20	$	20	$	—	$	—	$	—	$	—	$	—	$	—
U.S. large cap		19								19
EAFE composite		11								11
Emerging markets		9								9
Fixed income securities:
Corporate bonds		414				165				249
U.S. Treasury strips		8				8
Non-U.S. government securities		16				2								14
Emerging market debt		7								7
Alternative investments:
Insurance contracts (c)		49						6								43
Real estate		14								14
Other		2												2
Cash and cash equivalents		27				27
Total	$	596	$	20	$	202	$	6	$	309	$	—	$	16	$	43

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]

	2023					2022
	U.S.		Non-U.S.			U.S.		Non-U.S.
	Insurance		Insurance			Insurance		Insurance
Reconciliation of Level 3 Assets	Contracts		Contracts			Contracts		Contracts
Fair value at beginning of period	$	6	$	43		$	6	$	51
Actual gains (losses) relating to assets still held at the reporting date				5					(5	)
Purchases, sales and settlements				(1	)
Currency impact				1					(3	)
Fair value at end of period	$	6	$	48		$	6	$	43

Defined Benefit Plan, Assumptions [Table Text Block]

	2023						2022						2021
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Pension benefit obligations:
Discount rate		5.12	%		4.33	%		5.47	%		4.74	%		2.83	%		1.97	%
Net periodic benefit cost:
Discount rate		5.36	%		4.98	%		2.29	%		2.20	%		1.72	%		1.79	%
Rate of compensation increase		N/A			3.68	%		N/A			3.11	%		N/A			2.97	%
Expected return on plan assets		6.00	%		5.13	%		4.00	%		3.64	%		3.50	%		3.57	%

	2023						2022						2021
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
OPEB benefit obligations:
Discount rate		5.19	%		5.01	%		5.54	%		5.44	%		2.99	%		3.08	%
Net periodic benefit cost:
Discount rate		5.48	%		5.64	%		2.84	%		3.34	%		2.57	%		2.62	%
Initial health care cost trend rate		N/A			2.76	%		N/A			2.48	%		N/A			2.27	%
Ultimate health care cost trend rate		N/A			4.19	%		N/A			4.09	%		N/A			4.20	%
Year ultimate reached		N/A			2032			N/A			2032			N/A			2032

Schedule of Expected Benefit Payments [Table Text Block]

	Pension Benefits				OPEB
Year	U.S.		Non-U.S.		U.S.		Non-U.S.
2024	$	49	$	17	$	—	$	4
2025		48		17				4
2026		47		20				4
2027		46		19				4
2028		45		21				4
2029 to 2033		207		124		1		19
Total	$	442	$	218	$	1	$	39

Multiemployer Plan [Table Text Block]

	Employer	PPA
	Identification	Zone Status		Funding Plan	Contributions by Dana
Pension	Number/			Pending/							Surcharge
Fund	Plan Number	2023	2022	Implemented	2023		2022		2021		Imposed
SPT	23-6648508 / 499	Green	Green	No	$	17	$	18	$	16	No