Note 20 - Equity Affiliates

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Equity Method Investments and Joint Ventures Disclosure [Text Block]

Note 20. Equity Affiliates

We have a number of investments in entities that engage in the manufacture and supply of vehicular parts (primarily axles, axle housing and driveshafts).

Dividends received from equity affiliates were $3, $3 and $32 in 2024, 2023 and 2022.

Equity method investments exceeding $5 at  December 31, 2024 —

	Ownership Percentage	Investment
Dongfeng Dana Axle Co., Ltd. (DDAC)	50%	$	54
ROC-Spicer, Ltd. (ROC-Spicer)	50%		21
Axles India Limited (AIL)	48%		16
Tai Ya Investment (HK) Co., Limited (Tai Ya)	50%		5
All others as a group			6
Investments in equity affiliates			102
Investments in affiliates carried at cost			24
Investments in affiliates		$	126

The carrying value of our equity method investments at  December 31, 2024 was $5 morethan our share of the affiliates’ book values. The basis differences relate to our DDAC and ROC-Spicer investments and are primarily attributable to goodwill and property, plant and equipment.