Note 18 - Equity Affiliates

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Equity Method Investments and Joint Ventures Disclosure [Text Block]

Note 18. Equity Affiliates

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

Equity method investments at March 31, 2026 — 

	Ownership Percentage	Investment
Dongfeng Dana Axle Co., Ltd.	50%	$	65
ROC-Spicer, Ltd.	50%		23
Tai Ya Investment (HK) Co., Limited	50%		6
All others as a group			5
Investments in equity affiliates			99
Investments in affiliates carried at cost			6
Investments in affiliates		$	105

On April 25, 2025, we sold our 48% ownership interest in Axles India Limited for $43 in cash. The $19 pre-tax gain on the transaction is included in equity in earnings of affiliates.

On June 6, 2025, we sold our ownership interest in Switch Mobility Limited for $10. The $8 pre-tax loss on the transaction is included in other income (expense), net.