Quarterly Results

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results Unaudited

Dana Holding Corporation

Quarterly Results (Unaudited)

(In millions, except per share amounts)

2013	First Quarter		Second Quarter		Third Quarter			Fourth Quarter
Net sales	$	1,676	$	1,800	$	1,669		$	1,624
Gross margin	$	214	$	259	$	235		$	212
Net income	$	50	$	96	$	71		$	43
Net income attributable to the parent company	$	42	$	92	$	68		$	42
Preferred stock redemption premium					$	232
Net income (loss) per share available to parent company common stockholders
Basic	$	0.23	$	0.58	$	(1.16	)	$	0.26
Diluted	$	0.19	$	0.44	$	(1.16	)	$	0.23

2012	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Net sales	$	1,964	$	1,936	$	1,715	$	1,609
Gross margin	$	266	$	273	$	238	$	197
Net income	$	73	$	89	$	60	$	93
Net income attributable to the parent company	$	70	$	86	$	56	$	88
Net income per share available to parent company common stockholders
Basic	$	0.42	$	0.53	$	0.32	$	0.54
Diluted	$	0.33	$	0.40	$	0.26	$	0.41

Note: Gross margin is net sales less cost of sales.

The amount paid in the third quarter of 2013 to redeem our Series A preferred stock exceeded the carrying value. This redemption premium is treated like a dividend on preferred stock and deducted from net income attributable to the parent company in arriving at net income (loss) available to common stockholders. Net income for the fourth quarter of 2012 includes deferred tax asset valuation allowance releases of $54.