Equity Affiliates

12 Months Ended

Dec. 31, 2013

Equity Method Investment, Summarized Financial Information [Abstract]

Equity Affiliates

Equity Affiliates

We have a number of investments in entities that engage in the manufacture of vehicular parts – primarily axles, driveshafts and wheel-end braking systems – supplied to OEMs.

Dividends received from equity affiliates were $10, $3 and $4 in 2013, 2012 and 2011.

Equity method investments exceeding $5 at December 31, 2013 —

	Ownership Percentage	Investment
Dongfeng Dana Axle Co., Ltd.	50%	$	150
Bendix Spicer Foundation Brake, LLC	20%	41
Axles India Limited	48%	6
All others as a group		10
Investments in equity affiliates		207
Investment in affiliates carried at cost		3
Investment in affiliates		$	210

Our equity method investments in DDAC, Bendix Spicer Foundation Brake, LLC and AIL are included in the net assets of our Commercial Vehicle operating segment.

The carrying value of our equity method investments at December 31, 2013 was $78 more than our share of the affiliates’ book value, including $49 attributable to goodwill. The difference between the investment carrying value and the amount of underlying equity in assets, excluding the $49 attributable to goodwill, is being amortized on a straight-line basis over the underlying assets’ estimated useful lives of five to forty-five years.

Summarized financial information for DDAC and other equity affiliates on a combined basis —

	DDAC							Other Equity Affiliates Combined
	2013		2012			2011		2013		2012		2011*
Sales	$	835	$	683		$	951	$	497	$	522	$	1,134
Gross profit	$	82	$	68		$	100	$	79	$	75	$	162
Pre-tax income	$	19	$	8		$	43	$	25	$	21	$	50
Net income	$	20	$	7		$	36	$	24	$	16	$	36
Dana's equity earnings in affiliate	$	7	$	(1	)	$	8	$	5	$	3	$	13

* Includes results of GETRAG Entities through September 30, 2011.

	DDAC				Other Equity Affiliates Combined
	2013		2012		2013		2012
Current assets	$	663	$	487	$	164	$	141
Noncurrent assets	167		152		69		71
Total assets	$	830	$	639	$	233	$	212
Current liabilities	$	613	$	454	$	104	$	89
Noncurrent liabilities	42		18		11		23
Total liabilities	$	655	$	472	$	115	$	112