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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2014
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity Preferred stock — Our 4.0% Series B Convertible Preferred Stock ceased accruing dividends as a result of the conversion of all of the remaining outstanding shares on September 30, 2014. Our 4.0% Series A Convertible Preferred Stock ceased accruing dividends as a result of redemption in August 2013. Preferred dividends of $2 and $4 were accrued at September 30, 2014 and December 31, 2013. Prior to September 30, 2014, holders of 2,296,802 Series B preferred shares elected to convert those preferred shares into common stock and received 19,517,593 common shares. The common stock issued included shares to satisfy the accrued dividends owed to the converting Series B preferred stockholders. Based on the market price of Dana common stock on the date of conversion, the fair value of the conversions totaled $409. As of July 2, 2014, the per share closing price of our common stock exceeded $22.24 for 20 consecutive trading days. As a result, we exercised our right to cause the conversion of all of the remaining outstanding Series B preferred shares upon fulfillment of the required 90-day notice period ending September 30, 2014. We caused the conversion of 1,506,972 Series B shares with holders receiving 12,631,780 common shares valued at $250 based on the market price of Dana common stock on the date of conversion. Dividends accrued on the Series B preferred shares as of September 30, 2014 will be paid in cash in October 2014. Common stock — Our Board of Directors declared a quarterly cash dividend of five cents per share of common stock in the first, second and third quarters of 2014. Dividends accrue on restricted stock units (RSUs) granted under our stock compensation program and will be paid in cash or additional units when the underlying units vest. Treasury stock — During the third quarter of 2014 we reissued 14,879,935 shares of treasury stock in conjunction with the conversion of 1,772,693 Series B preferred shares into common stock. The reissuance of the treasury shares resulted in a $127 charge to additional paid-in capital as the carrying value of the treasury shares reissued exceeded the carrying value of the Series B preferred shares converted. We use the weighted-average pool price of our treasury shares at the date of reissuance to determine the carrying value of treasury shares reissued. Share repurchase program — Our Board of Directors approved an expansion of our existing common stock repurchase program from $1,000 to $1,400 on July 30, 2014. The share repurchase program expires on December 31, 2015. Under the program, we spent $181 to repurchase 8,295,202 shares of our common stock during the first nine months of 2014 through open market transactions. Approximately $390 remained available under the program for future share repurchases as of September 30, 2014. Changes in equity —
|  | 2014 |  | 2013
Three Months Ended September 30, |  | Attributable to Parent |  | Attributable to Non- controlling Interests |  | Total Equity |  | Attributable to Parent |  | Attributable to Non- controlling Interests |  | Total Equity
Balance, June 30 |  | $ | 1,322 |  |  | $ | 104 |  |  | $ | 1,426 |  |  | $ | 1,806 |  |  | $ | 105 |  |  | $ | 1,911 |
Total comprehensive income (loss) |  | (22 | ) |  | 1 |  |  | (21 | ) |  | 106 |  |  | 5 |  |  | 111 |
Preferred stock dividends |  | (2 | ) |  |  |  |  | (2 | ) |  | (6 | ) |  |  |  |  | (6 | )
Common stock dividends |  | (7 | ) |  |  |  |  | (7 | ) |  | (7 | ) |  |  |  |  | (7 | )
Distributions to noncontrolling interests |  |  |  |  | (1 | ) |  | (1 | ) |  |  |  |  | (6 | ) |  | (6 | )
Preferred stock redemption |  |  |  |  |  | — |  |  | (474 | ) |  |  |  | (474 | )
Common stock share repurchases |  | (68 | ) |  |  |  |  | (68 | ) |  | (202 | ) |  |  |  |  | (202 | )
Repurchase of equity awards |  |  |  |  |  | — |  |  | (2 | ) |  |  |  | (2 | )
Stock compensation |  | 6 |  |  |  |  |  | 6 |  |  | 10 |  |  |  |  |  | 10 |
Balance, September 30 |  | $ | 1,229 |  |  | $ | 104 |  |  | $ | 1,333 |  |  | $ | 1,231 |  |  | $ | 104 |  |  | $ | 1,335 |
Nine Months Ended September 30, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31 |  | $ | 1,309 |  |  | $ | 104 |  |  | $ | 1,413 |  |  | $ | 1,836 |  |  | $ | 112 |  |  | $ | 1,948 |
Total comprehensive income |  | 114 |  |  | 8 |  |  | 122 |  |  | 178 |  |  | 12 |  |  | 190 |
Preferred stock dividends |  | (7 | ) |  |  |  |  | (7 | ) |  | (21 | ) |  |  |  |  | (21 | )
Common stock dividends |  | (23 | ) |  |  |  |  | (23 | ) |  | (22 | ) |  |  |  |  | (22 | )
Distributions to noncontrolling interests |  |  |  |  | (8 | ) |  | (8 | ) |  |  |  |  | (11 | ) |  | (11 | )
Preferred stock redemption |  |  |  |  |  | — |  |  | (474 | ) |  |  |  | (474 | )
Share conversion |  | 3 |  |  |  |  | 3 |  |  |  |  |  |  | — |
Common stock share repurchases |  | (181 | ) |  |  |  |  | (181 | ) |  | (288 | ) |  |  |  |  | (288 | )
Adjustments to paid-in capital for purchase of noncontrolling interests |  |  |  |  |  |  |  | — |  |  | 6 |  |  |  |  |  | 6 |
Adjustments to other comprehensive income for purchase of noncontrolling interests |  |  |  |  |  |  |  | — |  |  | (3 | ) |  |  |  |  | (3 | )
Purchase of noncontrolling interests |  |  |  |  |  |  |  | — |  |  |  |  |  | (9 | ) |  | (9 | )
Repurchase of equity awards |  |  |  |  |  | — |  |  | (2 | ) |  |  |  | (2 | )
Stock compensation |  | 16 |  |  |  |  |  | 16 |  |  | 25 |  |  |  |  |  | 25 |
Stock withheld for employee taxes |  | (2 | ) |  |  |  |  | (2 | ) |  | (4 | ) |  |  |  |  | (4 | )
Balance, September 30 |  | $ | 1,229 |  |  | $ | 104 |  |  | $ | 1,333 |  |  | $ | 1,231 |  |  | $ | 104 |  |  | $ | 1,335 |
Changes in each component of AOCI of the parent —
| Parent Company Stockholders
| Foreign Currency Translation |  | Hedging |  | Investments |  | Defined Benefit Plans |  | Accumulated Other Comprehensive Income (Loss)
Balance, June 30, 2014 | $ | (240 | ) |  | $ | 1 |  |  | $ | 6 |  |  | $ | (478 | ) |  | $ | (711 | )
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Currency translation adjustments | (113 | ) |  |  |  |  |  |  |  | (113 | )
Holding gains and losses |  |  | (5 | ) |  | (2 | ) |  |  |  | (7 | )
Venezuelan bolivar devaluation |  |  |  |  |  |  | 1 |  |  | 1 |
Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) |  |  |  |  |  |  | 6 |  |  | 6 |
Tax expense |  |  | 1 |  |  |  |  |  |  | 1 |
Other comprehensive income (loss) | (113 | ) |  | (4 | ) |  | (2 | ) |  | 7 |  |  | (112 | )
Balance, September 30, 2014 | $ | (353 | ) |  | $ | (3 | ) |  | $ | 4 |  |  | $ | (471 | ) |  | $ | (823 | )
Balance, June 30, 2013 | $ | (266 | ) |  | $ | 1 |  |  | $ | 3 |  |  | $ | (596 | ) |  | $ | (858 | )
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Currency translation adjustments | 30 |  |  |  |  |  |  |  |  | 30 |
Holding gains and losses |  |  |  |  | 3 |  |  |  |  | 3 |
Reclassification of amount to net income (a) |  |  | (1 | ) |  |  |  |  |  | (1 | )
Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) |  |  |  |  |  |  | 6 |  |  | 6 |
Other comprehensive income (loss) | 30 |  |  | (1 | ) |  | 3 |  |  | 6 |  |  | 38 |
Balance, September 30, 2013 | $ | (236 | ) |  | $ | — |  |  | $ | 6 |  |  | $ | (590 | ) |  | $ | (820 | )
| Parent Company Stockholders
| Foreign Currency Translation |  | Hedging |  | Investments |  | Defined Benefit Plans |  | Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2013 | $ | (242 | ) |  | $ | — |  |  | $ | 3 |  |  | $ | (488 | ) |  | $ | (727 | )
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Currency translation adjustments | (111 | ) |  |  |  |  |  |  |  | (111 | )
Holding gains and losses |  |  | (4 | ) |  | 3 |  |  |  |  | (1 | )
Reclassification of amount to net income (a) |  |  |  |  | (2 | ) |  |  |  | (2 | )
Venezuelan bolivar devaluation |  |  |  |  |  |  | 4 |  |  | 4 |
Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) |  |  |  |  |  |  | 14 |  |  | 14 |
Tax expense |  |  | 1 |  |  |  |  | (1 | ) |  | — |
Other comprehensive income (loss) | (111 | ) |  | (3 | ) |  | 1 |  |  | 17 |  |  | (96 | )
Balance, September 30, 2014 | $ | (353 | ) |  | $ | (3 | ) |  | $ | 4 |  |  | $ | (471 | ) |  | $ | (823 | )
Balance, December 31, 2012 | $ | (198 | ) |  | $ | 3 |  |  | $ | 12 |  |  | $ | (610 | ) |  | $ | (793 | )
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |
Currency translation adjustments | (34 | ) |  |  |  |  |  |  |  | (34 | )
Holding gains and losses |  |  | 2 |  |  | 2 |  |  |  |  | 4 |
Reclassification of amount to net income (a) |  |  | (6 | ) |  | (8 | ) |  |  |  | (14 | )
Venezuelan bolivar devaluation |  |  |  |  |  |  | 2 |  |  | 2 |
Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) |  |  |  |  |  |  | 18 |  |  | 18 |
Other comprehensive income (loss) | (34 | ) |  | (4 | ) |  | (6 | ) |  | 20 |  |  | (24 | )
Adjustment for purchase of noncontrolling interests | (4 | ) |  | 1 |  |  |  |  |  |  | (3 | )
Balance, September 30, 2013 | $ | (236 | ) |  | $ | — |  |  | $ | 6 |  |  | $ | (590 | ) |  | $ | (820 | )
(a) Foreign currency contract and investment reclassifications are included in other income, net. (b) See Note 9 for additional details. During the first quarter of 2013, Dana purchased the noncontrolling interests in three of its subsidiaries for $7. Dana maintained its controlling financial interest in each of the subsidiaries and accounted for the purchases as equity transactions. The difference between the fair value of the consideration paid and the carrying value of the noncontrolling interests was recognized as additional paid-in capital of the parent company. At the time of the purchases the subsidiaries had accumulated other comprehensive income. Accumulated other comprehensive income of the parent company has been adjusted to reflect the ownership interest change with a corresponding offset to additional paid-in capital of the parent company.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
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