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Equity Affiliates | 12 Months Ended
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Dec. 31, 2017
Equity Method Investments and Joint Ventures [Abstract] |
Equity Affiliates [Text Block] | Equity Affiliates We have a number of investments in entities that engage in the manufacture of vehicular parts – primarily axles, driveshafts and wheel-end braking systems – supplied to OEMs. Dividends received from equity affiliates were $16, $11 and $16 in 2017, 2016 and 2015. Equity method investments exceeding $5 at December 31, 2017 —
| Ownership Percentage |  | Investment
Dongfeng Dana Axle Co., Ltd. (DDAC) | 50% |  | $ | 97 |
Bendix Spicer Foundation Brake, LLC | 20% |  | 44 |
Axles India Limited | 48% |  | 9 |
Taiway Ltd. | 14% |  | 5 |
All others as a group |  |  | 5 |
Investments in equity affiliates |  |  | 160 |
Investment in affiliates carried at cost |  |  | 3 |
Investment in affiliates |  |  | $ | 163 |
Our equity method investments in DDAC, Bendix Spicer Foundation Brake, LLC and Axles India Limited are included in the net assets of our Commercial Vehicle operating segment. Our equity method investment in Taiway Ltd. is included in the net assets of our Light Vehicle segment. The significant decline in China's commercial vehicle market during 2015 resulted in a series of monthly operating losses by DDAC. These factors when combined with updated long-range plan information received from DDAC in the fourth quarter of 2015, which incorporated China's projected "new normal" future growth rate, indicated that we may not be able to recover the carrying value of our investment in DDAC. During the fourth quarter of 2015, we calculated the fair value of our investment in DDAC to determine if we had an other-than-temporary decline in the carrying value of our investment. We used both the discounted cash flow (an income approach) and guideline public company (a market approach) methods, weighting each equally, to fair value our investment in DDAC. The discounted cash flow method used DDAC's updated long-range plan and focuses on estimating the expected after-tax cash flows attributable to the subject company over its life and converting these after-tax cash flows to present value through discounting. The discount rate of 16.0% which was used in our assessment accounts for both the time value of money and subject company risk factors. The guideline public company method focuses on comparing a subject company to reasonably similar (or "guideline") publicly-traded companies. Under this method, valuation multiples are: (i) derived from the operating data of selected guideline public companies; (ii) evaluated and adjusted based on the strengths and weaknesses of the subject company relative to the selected guideline companies; and (iii) applied to the operating data of the subject company to arrive at an indication of fair value. The carrying value of our investment in DDAC exceeded the calculated fair value by $39. The $39 impairment charge has been included in equity in earnings of affiliates. The carrying value of our equity method investments at December 31, 2017 was $26 more than our share of the affiliates’ book value, including $19 attributable to goodwill. The difference between the investment carrying value and the amount of underlying equity in assets, excluding goodwill, is being amortized on a straight-line basis over the underlying assets’ estimated useful lives of five to forty-five years. Summarized financial information for DDAC and other equity affiliates on a combined basis —
| DDAC |  | Other Equity Affiliates Combined
| 2017 |  | 2016 |  | 2015 |  | 2017 |  | 2016 |  | 2015
Sales | $ | 877 |  |  | $ | 646 |  |  | $ | 554 |  |  | $ | 588 |  |  | $ | 498 |  |  | $ | 582 |
Gross profit | $ | 104 |  |  | $ | 83 |  |  | $ | 45 |  |  | $ | 122 |  |  | $ | 98 |  |  | $ | 113 |
Income (loss) before income taxes | $ | 28 |  |  | $ | 15 |  |  | $ | (14 | ) |  | $ | 41 |  |  | $ | 26 |  |  | $ | 42 |
Net income (loss) | $ | 22 |  |  | $ | 18 |  |  | $ | (6 | ) |  | $ | 38 |  |  | $ | 24 |  |  | $ | 40 |
Dana's equity in earnings (loss) of affiliate | $ | 9 |  |  | $ | 7 |  |  | $ | (45 | ) |  | $ | 10 |  |  | $ | 7 |  |  | $ | 11 |
| DDAC |  | Other Equity Affiliates Combined
| 2017 |  | 2016 |  | 2017 |  | 2016
Current assets | $ | 786 |  |  | $ | 547 |  |  | $ | 186 |  |  | $ | 169 |
Noncurrent assets | 185 |  |  | 191 |  |  | 76 |  |  | 74 |
Total assets | $ | 971 |  |  | $ | 738 |  |  | $ | 262 |  |  | $ | 243 |
Current liabilities | $ | 711 |  |  | $ | 512 |  |  | $ | 117 |  |  | $ | 96 |
Noncurrent liabilities | 86 |  |  | 87 |  |  | 11 |  |  | 13 |
Total liabilities | $ | 797 |  |  | $ | 599 |  |  | $ | 128 |  |  | $ | 109 |

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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