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Segments
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segments [Text Block] Segments

We are a global provider of high-technology products to virtually every major vehicle and engine manufacturer in the world. We also serve the stationary industrial market. Our technologies include drive and motion products (axles, driveshafts, planetary hub drives, power-transmission products, tire-management products, transmissions, and motors, power inverters and controls systems for electric vehicles); sealing solutions (gaskets, seals, heat shields, and fuel-cell plates); thermal-management technologies (transmission and engine oil cooling, battery and electronics cooling, and exhaust-gas heat recovery); and fluid-power products (pumps, valves, motors, and controls). We serve our global light vehicle, medium/heavy vehicle and off-highway markets through four operating segments – Light Vehicle Driveline Technologies (Light Vehicle), Commercial Vehicle Driveline Technologies (Commercial Vehicle), Off-Highway Drive and Motion Technologies (Off-Highway) and Power Technologies, which is the center of excellence for sealing and thermal-management 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 —
 
 
2019
 
2018
Three Months Ended June 30,
 
External Sales
 
Inter-Segment Sales
 
Segment EBITDA
 
External Sales
 
Inter-Segment Sales
 
Segment EBITDA
Light Vehicle
 
$
927

 
$
33

 
$
118

 
$
873

 
$
36

 
$
92

Commercial Vehicle
 
437

 
26

 
41

 
411

 
28

 
41

Off-Highway
 
674

 
5

 
103

 
485

 
3

 
79

Power Technologies
 
268

 
4

 
28

 
285

 
6

 
39

Eliminations and other
 


 
(68
)
 


 


 
(73
)
 


Total
 
$
2,306

 
$
—

 
$
290

 
$
2,054

 
$
—

 
$
251

 
 
 

 
 

 
 

 
 

 
 

 
 

Six Months Ended June 30,
 
 

 
 

 
 

 
 

 
 

 
 

Light Vehicle
 
$
1,833

 
$
69

 
$
220

 
$
1,823

 
$
69

 
$
195

Commercial Vehicle
 
868

 
53

 
82

 
811

 
54

 
75

Off-Highway
 
1,226

 
10

 
185

 
977

 
5

 
151

Power Technologies
 
542

 
10

 
62

 
581

 
11

 
84

Eliminations and other
 


 
(142
)
 


 


 
(139
)
 


Total
 
$
4,469

 
$
—

 
$
549

 
$
4,192

 
$
—

 
$
505



Reconciliation of segment EBITDA to consolidated net income (loss) —

Three Months Ended 
 June 30,

Six Months Ended 
 June 30,
 
2019
 
2018
 
2019
 
2018
Segment EBITDA
$
290


$
251


$
549


$
505

Corporate expense and other items, net
(4
)

(5
)

(6
)

(11
)
Depreciation
(80
)

(60
)

(153
)

(124
)
Amortization
(5
)
 
(2
)
 
(8
)
 
(5
)
Non-service cost components of pension and OPEB costs
(9
)
 
(4
)
 
(15
)
 
(7
)
Pension settlement charge
(258
)
 
 
 
(258
)
 
 
Restructuring charges, net
(9
)

(7
)

(18
)

(8
)
Stock compensation expense
(5
)
 
(5
)
 
(10
)
 
(9
)
Strategic transaction expenses, net of transaction breakup
  fee income
(11
)

(8
)

(24
)

(7
)
Acquisition related inventory adjustments
(5
)
 


 
(9
)
 


Non-income tax legal judgment
 
 
 
 
6

 
 
Other items
1

 
(5
)
 
(9
)
 
(5
)
Impairment of indefinite-lived intangible asset


 
(20
)
 


 
(20
)
Adjustment in fair value of disposal group held for sale


 
3

 


 
3

Earnings (loss) before interest and income taxes
(95
)
 
138

 
45

 
312

Interest expense
34


23


61


47

Interest income
3


2


5


5

Earnings (loss) before income taxes
(126
)

117


(11
)

270

Income tax expense (benefit)
(52
)

(4
)

(32
)

44

Equity in earnings of affiliates
8


6


14


12

Net income (loss)
$
(66
)

$
127


$
35


$
238