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Equity Affiliates

3 Months Ended

Mar. 31, 2019

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, wheel-end braking systems and motors, power inverters and controls systems for electric vehicles – supplied to OEMs.

As part of the ODS acquisition, we acquired an ownership interest in Ashwoods Innovations Ltd. The minority shareholders in this entity have substantive participating rights that allow them to effectively participate in the decisions made in the ordinary course of business that are significant to its operations. Due to these factors, we do not have control over this entity and therefore account for this investment under the equity method of accounting. Our equity method investment in Ashwoods Innovations Ltd. is included in the net assets of our Off-Highway operating segment.

Equity method investments exceeding $5 at March 31, 2019 — 

	Ownership Percentage		Investment
Dongfeng Dana Axle Co., Ltd. (DDAC)	50%		$	99
Prestolite E-Propulsion Systems Limited (PEPS)	50%		48
Bendix Spicer Foundation Brake, LLC	20%		47
Axles India Limited	48%		10
Ashwoods Innovations Ltd.	58%		9
Taiway Ltd.	28%		5
All others as a group			6
Investments in equity affiliates			224
Investments in affiliates carried at cost			2
Investments in affiliates			$	226

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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.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-URI http://asc.fasb.org/topic&trid=2196965

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