Segments

We are a global provider of high technology driveline, sealing and thermal-management products for virtually every major vehicle manufacturer in the on-highway and off-highway markets. Our driveline products – axles, driveshafts and transmissions – are delivered through our Light Vehicle, Commercial Vehicle and Off-Highway operating segments. Our fourth global operating segment – Power Technologies – is the center of excellence for the sealing and thermal technologies that span all customers in our on-highway and off-highway markets. These operating segments have global responsibility and accountability for business commercial activities and financial performance.

Dana evaluates the performance of its operating segments based on external sales and segment EBITDA. Segment EBITDA is a primary driver of cash flows from operations and a measure of our ability to maintain and continue to invest in our operations and provide shareholder returns. Our segments are charged for corporate and other shared administrative costs. Segment EBITDA may not be comparable to similarly titled measures reported by other companies.

Segment information —



	2015							2014
Three Months Ended September 30,	External Sales		Inter-Segment Sales			Segment EBITDA		External Sales		Inter-Segment Sales			Segment EBITDA
Light Vehicle	$	605	$	28		$	63	$	608	$	37		$	70
Commercial Vehicle	367		24			31		487		25			47
Off-Highway	246		8			35		283		8			40
Power Technologies	250		5			40		259		5			37
Eliminations and other			(65		)					(75		)
Total	$	1,468	$	—		$	169	$	1,637	$	—		$	194

Nine Months Ended September 30,
Light Vehicle	$	1,883	$	100		$	193	$	1,862	$	108		$	176
Commercial Vehicle	1,231		75			102		1,407		71			138
Off-Highway	809		29			115		959		28			128
Power Technologies	762		13			117		807		15			120
Eliminations and other			(217		)					(222		)
Total	$	4,685	$	—		$	527	$	5,035	$	—		$	562

Reconciliation of segment EBITDA to consolidated net income —



	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Segment EBITDA	$	169		$	194		$	527		$	562
Corporate expense and other items, net	(2		)	4			(4		)	6
Depreciation	(39		)	(41		)	(117		)	(122		)
Amortization of intangibles	(4		)	(11		)	(14		)	(38		)
Restructuring	(1		)	(2		)	(13		)	(14		)
Stock compensation expense	(6		)	(2		)	(14		)	(11		)
Strategic transaction expenses and other items	(9		)	4			(11		)	4
Impairment of long-lived assets	(36		)				(36		)
Gain on derecognition of noncontrolling interest							5
Loss on extinguishment of debt							(2		)
Recognition of unrealized gain on payment-in-kind note receivable										2
Interest expense	(31		)	(30		)	(86		)	(89		)
Interest income	4			5			11			11
Income from continuing operations before income taxes	45			121			246			311
Income tax expense (benefit)	(77		)	29			(10		)	96
Equity in earnings of affiliates	—			2			3			9
Income from continuing operations	122			94			259			224
Loss from discontinued operations	—			(1		)	—			(4		)
Net income	$	122		$	93		$	259		$	220