XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.20.2

Note 18 - Segments | 6 Months Ended
--- | ---
Jun. 30, 2020
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | Note 18. Segments We are a global provider of high-technology products to virtually every major vehicle manufacturer in the world. We also serve the stationary industrial market. Our technologies include drive systems (axles, driveshafts, transmissions, and wheel and track drives); motion systems (winches, slew drives, and hub drives); electrodynamic technologies (motors, inverters, software and control systems, battery-management systems, and fuel cell plates); sealing solutions (gaskets, seals, cam covers, and oil pan modules); thermal-management technologies (transmission and engine oil cooling, battery and electronics cooling, charge air cooling, and thermal-acoustical protective shielding); and digital solutions (active and passive system controls and descriptive and predictive analytics). We serve our global light vehicle, medium/heavy vehicle and off-highway markets through four operating segments – Light Vehicle Drive Systems (Light Vehicle), Commercial Vehicle Drive and Motion Systems (Commercial Vehicle), Off-Highway Drive and Motion Systems (Off-Highway) and Power Technologies, which is the center of excellence for sealing and thermal-management technologies that span all customers in our on-highway and off-highway markets. These operating segments have global responsibility and accountability for business commercial activities and financial performance. Dana evaluates the performance of its operating segments based on external sales and segment EBITDA. Segment EBITDA is a primary driver of cash flows from operations and a measure of our ability to maintain and continue to invest in our operations and provide shareholder returns. Our segments are charged for corporate and other shared administrative costs. Segment EBITDA may not be comparable to similarly titled measures reported by other companies. Segment information —
|  | 2020 |  |  | 2019 |
Three Months Ended June 30, |  | External Sales |  |  | Inter-Segment Sales |  |  | Segment EBITDA |  |  | External Sales |  |  | Inter-Segment Sales |  |  | Segment EBITDA |
Light Vehicle |  | $ | 337 |  |  | $ | 19 |  |  | $ | (32 | ) |  | $ | 927 |  |  | $ | 33 |  |  | $ | 118 |
Commercial Vehicle |  |  | 200 |  |  |  | 9 |  |  |  | (8 | ) |  |  | 437 |  |  |  | 26 |  |  |  | 41 |
Off-Highway |  |  | 401 |  |  |  | 9 |  |  |  | 38 |  |  |  | 674 |  |  |  | 5 |  |  |  | 103 |
Power Technologies |  |  | 140 |  |  |  | 1 |  |  |  | (1 | ) |  |  | 268 |  |  |  | 4 |  |  |  | 28 |
Eliminations and other |  |  |  |  |  |  | (38 | ) |  |  |  |  |  |  |  |  |  |  | (68 | ) |  |  |  |
Total |  | $ | 1,078 |  |  | $ | — |  |  | $ | (3 | ) |  | $ | 2,306 |  |  | $ | — |  |  | $ | 290 |
Six Months Ended June 30, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Light Vehicle |  | $ | 1,145 |  |  | $ | 49 |  |  | $ | 51 |  |  | $ | 1,833 |  |  | $ | 69 |  |  | $ | 220 |
Commercial Vehicle |  |  | 533 |  |  |  | 29 |  |  |  | 13 |  |  |  | 868 |  |  |  | 53 |  |  |  | 82 |
Off-Highway |  |  | 933 |  |  |  | 18 |  |  |  | 110 |  |  |  | 1,226 |  |  |  | 10 |  |  |  | 185 |
Power Technologies |  |  | 393 |  |  |  | 7 |  |  |  | 29 |  |  |  | 542 |  |  |  | 10 |  |  |  | 62 |
Eliminations and other |  |  |  |  |  |  | (103 | ) |  |  |  |  |  |  |  |  |  |  | (142 | ) |  |  |  |
Total |  | $ | 3,004 |  |  | $ | — |  |  | $ | 203 |  |  | $ | 4,469 |  |  | $ | — |  |  | $ | 549 |
Reconciliation of segment EBITDA to consolidated net income —
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Segment EBITDA |  | $ | (3 | ) |  | $ | 290 |  |  | $ | 203 |  |  | $ | 549 |
Corporate expense and other items, net |  |  | (2 | ) |  |  | (4 | ) |  |  | (3 | ) |  |  | (6 | )
Depreciation |  |  | (84 | ) |  |  | (79 | ) |  |  | (169 | ) |  |  | (153 | )
Amortization |  |  | (5 | ) |  |  | (5 | ) |  |  | (9 | ) |  |  | (8 | )
Non-service cost components of pension and OPEB costs |  |  | (3 | ) |  |  | (9 | ) |  |  | (5 | ) |  |  | (15 | )
Restructuring charges, net |  |  | (16 | ) |  |  | (9 | ) |  |  | (19 | ) |  |  | (18 | )
Stock compensation expense |  |  | 1 |  |  |  | (5 | ) |  |  | (3 | ) |  |  | (10 | )
Strategic transaction expenses |  |  | (5 | ) |  |  | (11 | ) |  |  | (11 | ) |  |  | (24 | )
Impairment of goodwill |  |  |  |  |  |  |  |  |  |  | (51 | ) |  |  |  |
Acquisition related inventory adjustments |  |  |  |  |  |  | (5 | ) |  |  |  |  |  |  | (9 | )
Non-income tax legal judgment |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6 |
Other items |  |  | 5 |  |  |  |  |  |  |  | 2 |  |  |  | (9 | )
Pension settlement charges, net |  |  |  |  |  |  | (258 | ) |  |  |  |  |  |  | (258 | )
Earnings (loss) before interest and income taxes |  |  | (112 | ) |  |  | (95 | ) |  |  | (65 | ) |  |  | 45 |
Write-off deferred financing costs |  |  | (5 | ) |  |  |  |  |  |  | (5 | ) |  |  |  |
Interest income |  |  | 2 |  |  |  | 3 |  |  |  | 4 |  |  |  | 5 |
Interest expense |  |  | 32 |  |  |  | 34 |  |  |  | 61 |  |  |  | 61 |
Loss before income taxes |  |  | (147 | ) |  |  | (126 | ) |  |  | (127 | ) |  |  | (11 | )
Income tax expense (benefit) |  |  | 34 |  |  |  | (52 | ) |  |  | 18 |  |  |  | (32 | )
Equity in earnings of affiliates |  |  | 8 |  |  |  | 8 |  |  |  | 10 |  |  |  | 14 |
Net income (loss) |  | $ | (173 | ) |  | $ | (66 | ) |  | $ | (135 | ) |  | $ | 35 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration