Dana (DAN) 10-Q31 Jul 242024 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2024	Jul. 19, 2024
Document Information [Line Items]
Entity Central Index Key	0000026780
Entity Registrant Name	Dana Incorporated
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	1-1063
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-1531856
Entity Address, Address Line One	3939 Technology Drive
Entity Address, City or Town	Maumee
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43537
City Area Code	419
Local Phone Number	887-3000
Title of 12(b) Security	Common stock $0.01 par value
Trading Symbol	DAN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		144,977,322

Consolidated Statement of Opera

Consolidated Statement of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net sales	$ 2,738	$ 2,748	$ 5,473	$ 5,392
Costs and expenses
Cost of sales	2,483	2,477	4,974	4,892
Selling, general and administrative expenses	132	144	271	284
Amortization of intangibles	4	4	7	7
Restructuring charges, net	12	3	17	4
Loss on disposal group held for sale	(1)		(30)
Other income (expense), net	(2)	4	0	9
Earnings before interest and income taxes	104	124	174	214
Loss on extinguishment of debt		(1)		(1)
Interest income	2	5	6	9
Interest expense	39	39	78	73
Earnings before income taxes	67	89	102	149
Income tax expense	54	55	91	85
Equity in earnings of affiliates	3	2	5	3
Net income	16	36	16	67
Less: Noncontrolling interests net income	5	5	10	9
Less: Redeemable noncontrolling interests net (loss) income	(5)	1	(13)
Net income attributable to the parent company	$ 16	$ 30	$ 19	$ 58
Net income per share available to common stockholders
Basic (in dollars per share)	$ 0.11	$ 0.21	$ 0.13	$ 0.4
Diluted (in dollars per share)	$ 0.11	$ 0.21	$ 0.13	$ 0.4
Weighted-average common shares outstanding
Basic (in shares)	145	144.3	144.9	144.1
Diluted (in shares)	145.1	144.4	144.9	144.3

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net income	$ 16	$ 36	$ 16	$ 67
Other comprehensive income (loss), net of tax:
Currency translation adjustments	(46)	(7)	(66)	18
Hedging gains and losses	(26)	3	(28)	18
Defined benefit plans	4		5	1
Other comprehensive income (loss)	(68)	(4)	(89)	37
Total comprehensive (loss) income	(52)	32	(73)	104
Less: Comprehensive income attributable to noncontrolling interests	(5)	(5)	(9)	(9)
Less: Comprehensive loss attributable to redeemable noncontrolling interests	6		17
Comprehensive (loss) income attributable to the parent company	$ (51)	$ 27	$ (65)	$ 95

Consolidated Balance Sheet (Una

Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 419	$ 529
Accounts receivable
Trade, less allowance for doubtful accounts of $12 in 2024 and $16 in 2023	1,501	1,371
Other	240	280
Inventories	1,602	1,676
Other current assets	253	247
Current assets of disposal group held for sale	61
Total current assets	4,076	4,103
Goodwill	256	263
Intangibles	163	182
Deferred tax assets	499	516
Other noncurrent assets	171	140
Investments in affiliates	123	123
Operating lease assets	300	327
Property, plant and equipment, net	2,220	2,311
Total assets	7,808	7,965
Current liabilities
Short-term debt	19	22
Current portion of long-term debt	211	35
Accounts payable	1,767	1,756
Accrued payroll and employee benefits	247	288
Taxes on income	84	86
Current portion of operating lease liabilities	42	42
Other accrued liabilities	367	373
Current liabilities of disposal group held for sale	21
Total current liabilities	2,758	2,602
Long-term debt, less debt issuance costs of $22 in 2024 and $24 in 2023	2,386	2,598
Noncurrent operating lease liabilities	262	284
Pension and postretirement obligations	311	334
Other noncurrent liabilities	338	319
Noncurrent liabilities of disposal group held for sale	4
Total liabilities	6,059	6,137
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests	205	191
Parent company stockholders' equity
Preferred stock, 50,000,000 shares authorized, $0.01 par value, no shares outstanding	0	0
Common stock, 450,000,000 shares authorized, $0.01 par value, 144,975,329 and 144,386,484 shares outstanding	2	2
Additional paid-in capital	2,267	2,255
Retained earnings	293	317
Treasury stock, at cost (829,822 and 474,981 shares)	(13)	(9)
Accumulated other comprehensive loss	(1,074)	(990)
Total parent company stockholders' equity	1,475	1,575
Noncontrolling interests	69	62
Total equity	1,544	1,637
Total liabilities, redeemable noncontrolling interests and equity	$ 7,808	$ 7,965

Consolidated Balance Sheet (U_2

Consolidated Balance Sheet (Unaudited) (Parentheticals) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Allowance for doubtful accounts	$ 12	$ 16
Debt issuance costs	$ 22	$ 24
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	450,000,000	450,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)	144,975,329	144,386,484
Treasury stock, shares (in shares)	829,822	474,981

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating activities
Net income (loss)	$ 16	$ 67
Depreciation	207	186
Amortization	11	11
Amortization of deferred financing charges	3	3
Write-off of deferred financing costs		1
Earnings of affiliates, net of dividends received	(3)	(3)
Stock compensation expense	14	14
Deferred income taxes	29	(30)
Pension expense, net	(4)	2
Change in working capital	(195)	(172)
Loss on disposal group held for sale	30
Other, net	5	7
Net cash provided by operating activities	113	86
Investing activities
Purchases of property, plant and equipment	(181)	(242)
Proceeds from sale of property, plant and equipment	4	2
Settlements of undesignated derivatives	(4)	(4)
Other, net	4	(1)
Net cash used in investing activities	(177)	(245)
Financing activities
Net change in short-term debt	(4)	(17)
Proceeds from long-term debt		458
Repayment of long-term debt	(30)	(204)
Deferred financing payments		(9)
Dividends paid to common stockholders	(29)	(29)
Distributions to noncontrolling interests	(5)	(3)
Collection of note receivable from noncontrolling interest	11
Contributions from redeemable noncontrolling interests	18	17
Other, net	9	(4)
Net cash (used in) provided by financing activities	(30)	209
Net (decrease) increase in cash, cash equivalents and restricted cash	(94)	50
Cash, cash equivalents and restricted cash – beginning of period	563	442
Effect of exchange rate changes on cash balances	(29)	11
Cash, cash equivalents and restricted cash – end of period (Note 5)	440	503
Non-cash investing activity
Purchases of property, plant and equipment held in accounts payable	$ 27	$ 75

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	1. General Dana Incorporated (Dana) is headquartered in Maumee, Ohio and was incorporated in Delaware in 2007. The terms "Dana," "we," "our" and "us," when used in this report, are references to Dana. These references include the subsidiaries of Dana unless otherwise indicated or the context requires otherwise. Summary of significant accounting policies Basis of presentation not may 8 10 December 31, 2023 2023 10 Recently adopted accounting pronouncements We did not ncements during the six June 30, 2024 . Recently issued accounting pronouncements We do not In November 2023, 2023 07, 280 December 15, 2023, December 15, 2024, no 2024 10 In December 2023, 2023 09, December 15, 2024,

Note 2 - Disposal Group Held fo

Note 2 - Disposal Group Held for Sale	6 Months Ended
Note 2 - Disposal Group Held for Sale	Jun. 30, 2024
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	2. In February 2024, second 2024. June 30, 2024 Accounts receivable - Trade $ 17 Accounts receivable - Other 1 Inventories 43 Current assets of disposal group held for sale $ 61 Accounts payable $ 13 Accrued payroll and employee benefits 4 Current portion of operating lease liabilities 1 Other accrued liabilities 3 Current liabilities of disposal group held for sale $ 21 Noncurrent operating lease liabilities $ 1 Pension and postretirement obligations 3 Noncurrent liabilities of disposal group held for sale $ 4

Note 3 - Goodwill and Other Int

Note 3 - Goodwill and Other Intangible Assets	6 Months Ended
Note 3 - Goodwill and Other Intangible Assets	Jun. 30, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	3. Changes in the carrying amount of goodwill by segment Off-Highway Balance, December 31, 2023 $ 263 Reclassified to disposal group held for sale (2 ) Currency impact (5 ) Balance, June 30, 2024 $ 256 Components of other intangible assets June 30, 2024 December 31, 2023 Weighted Average Useful Life (years) Gross Carrying Amount Accumulated Impairment and Amortization Net Carrying Amount Gross Carrying Amount Accumulated Impairment and Amortization Net Carrying Amount Amortizable intangible assets Core technology 8 $ 157 $ (129 ) $ 28 $ 159 $ (126 ) $ 33 Trademarks and trade names 13 25 (15 ) 10 29 (15 ) 14 Customer relationships 8 491 (438 ) 53 503 (441 ) 62 Non-amortizable intangible assets Trademarks and trade names 72 72 73 73 $ 745 $ (582 ) $ 163 $ 764 $ (582 ) $ 182 Net carrying amounts of intangible assets, other than goodwill, attributable to each of our operating segments— June 30, 2024 Light Vehicle $ 12 Commercial Vehicle 55 Off-Highway 93 Power Technologies 3 $ 163 Amortization expense related to amortizable intangible assets Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Charged to cost of sales $ 2 $ 2 $ 4 $ 4 Charged to amortization of intangibles 4 4 7 7 Total amortization $ 6 $ 6 $ 11 $ 11

Note 4 - Restructuring of Opera

Note 4 - Restructuring of Operations	6 Months Ended
Note 4 - Restructuring of Operations	Jun. 30, 2024
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	4. Our restructuring activities have historically included rationalizing our operating footprint by consolidating facilities, positioning operations in lower cost locations, and reducing overhead costs. Restructuring expense includes costs associated with current and previously announced actions and is comprised of contractual and noncontractual separation costs and exit costs. During the second first six 2024 Accrued restructuring costs and activity Employee Termination Benefits Exit Costs Total Balance, March 31, 2024 $ 10 $ — $ 10 Charges to restructuring 9 3 12 Cash payments (3 ) (3 ) (6 ) Balance, June 30, 2024 $ 16 $ — $ 16 Balance, December 31, 2023 $ 10 $ — $ 10 Charges to restructuring 11 6 17 Cash payments (5 ) (6 ) (11 ) Balance, June 30, 2024 $ 16 $ — $ 16 At June 30, 2024 500 e ed over the next year.

Note 5 - Supplemental Balance S

Note 5 - Supplemental Balance Sheet and Cash Flow Information	6 Months Ended
	Jun. 30, 2024
Notes to Financial Statements
Additional Financial Information Disclosure [Text Block]	5. Supplier finance programs As of June 30, 2024 December 31, 2023 Inventory components June 30, 2024 December 31, 2023 Raw materials $ 658 $ 681 Work in process and finished goods 944 995 Total $ 1,602 $ 1,676 Cash, cash equivalents and restricted cash — June 30, 2024 December 31, 2023 June 30, 2023 December 31, 2022 Cash and cash equivalents $ 419 $ 529 $ 484 $ 425 Restricted cash included in other current assets 11 23 8 7 Restricted cash included in other noncurrent assets 10 11 11 10 Total cash, cash equivalents and restricted cash $ 440 $ 563 $ 503 $ 442

Note 6 - Stockholders' Equity

Note 6 - Stockholders' Equity	6 Months Ended
Note 6 - Stockholders' Equity	Jun. 30, 2024
Notes to Financial Statements
Equity [Text Block]	Note 6. Common stock ten first second 2024. Changes in equity 2024 Common Stock Additional Paid-In Capital Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Non-controlling Interests Total Equity Balance, December 31, 2023 $ 2 $ 2,255 $ 317 $ (9 ) $ (990 ) $ 62 $ 1,637 Net income 3 5 8 Other comprehensive loss (17 ) (1 ) (18 ) Common stock dividends and dividend equivalents (15 ) (15 ) Distributions to noncontrolling interests (1 ) (1 ) Redeemable noncontrolling interests adjustment to redemption value (8 ) (8 ) Stock compensation 5 5 Stock withheld for employee taxes (4 ) (4 ) Balance, March 31, 2024 $ 2 $ 2,260 $ 297 $ (13 ) $ (1,007 ) $ 65 $ 1,604 Net income 16 5 21 Other comprehensive loss (67 ) (67 ) Common stock dividends and dividend equivalents (15 ) (15 ) Distributions to noncontrolling interests (1 ) (1 ) Redeemable noncontrolling interests adjustment to redemption value (5 ) (5 ) Stock compensation 7 7 Balance, June 30, 2024 $ 2 $ 2,267 $ 293 $ (13 ) $ (1,074 ) $ 69 $ 1,544 2023 Common Stock Additional Paid-In Capital Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Non-controlling Interests Total Equity Balance, December 31, 2022 $ 2 $ 2,229 $ 321 $ — $ (1,001 ) $ 52 $ 1,603 Net income 28 4 32 Other comprehensive income 40 40 Common stock dividends and dividend equivalents (15 ) (15 ) Distributions to noncontrolling interests (1 ) (1 ) Redeemable noncontrolling interests adjustment to redemption value (1 ) (1 ) Stock compensation 8 8 Stock withheld for employee taxes (8 ) (8 ) Balance, March 31, 2023 $ 2 $ 2,237 $ 333 $ (8 ) $ (961 ) $ 55 $ 1,658 Net income 30 5 35 Other comprehensive loss (3 ) (3 ) Common stock dividends and dividend equivalents (14 ) (14 ) Distributions to noncontrolling interests (2 ) (2 ) Stock compensation 7 7 Balance, June 30, 2023 $ 2 $ 2,244 $ 349 $ (8 ) $ (964 ) $ 58 $ 1,681 Changes in each component of accumulated other comprehensive income (loss) (AOCI) of the parent Parent Company Stockholders 2024 Foreign Currency Translation Hedging Defined Benefit Plans Accumulated Other Comprehensive Loss Balance, December 31, 2023 $ (868 ) $ 20 $ (142 ) $ (990 ) Currency translation adjustments (16 ) (16 ) Holding gains and losses 9 9 Reclassification of amount to net income (a) (11 ) (11 ) Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 1 1 Other comprehensive income (loss) (16 ) (2 ) 1 (17 ) Balance, March 31, 2024 $ (884 ) $ 18 $ (141 ) $ (1,007 ) Currency translation adjustments (45 ) (45 ) Holding gains and losses (23 ) (23 ) Reclassification of amount to net income (a) (8 ) (8 ) Other 3 3 Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 2 2 Tax expense 5 (1 ) 4 Other comprehensive income (loss) (45 ) (26 ) 4 (67 ) Balance, June 30, 2024 $ (929 ) $ (8 ) $ (137 ) $ (1,074 ) Parent Company Stockholders 2023 Foreign Currency Translation Hedging Defined Benefit Plans Accumulated Other Comprehensive Loss Balance, December 31, 2022 $ (895 ) $ 21 $ (127 ) $ (1,001 ) Currency translation adjustments 24 24 Holding gains and losses 16 16 Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 1 1 Tax expense (1 ) (1 ) Other comprehensive income 24 15 1 40 Balance, March 31, 2023 $ (871 ) $ 36 $ (126 ) $ (961 ) Currency translation adjustments (6 ) (6 ) Holding gains and losses 10 10 Reclassification of amount to net income (a) (7 ) (7 ) Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 1 1 Tax expense (1 ) (1 ) Other comprehensive income (loss) (6 ) 3 — (3 ) Balance, June 30, 2023 $ (877 ) $ 39 $ (126 ) $ (964 ) (a) Realized gains and losses from currency-related forward contracts associated with forecasted transactions or from other derivative instruments treated as cash flow hedges are reclassified from AOCI into the same line item in the consolidated statement of operations in which the underlying forecasted transaction or other hedged item is recorded. See Note 12 (b) See Note 10

Note 7 - Redeemable Noncontroll

Note 7 - Redeemable Noncontrolling Interests	6 Months Ended
Note 7 - Redeemable Noncontrolling Interests	Jun. 30, 2024
Notes to Financial Statements
Redeemable Noncontrolling Interest Disclosure [Text Block]	7. Hydro-Québec owns a 45% redeemable noncontrolling interest in Dana TM4 TM4 TM4 not TM4 TM4 TM4 On May 6, 2024, May 6, 2024, no TM4 TM4 TM4 Reconciliation of changes in redeemable noncontrolling interests Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Balance, beginning of period $ 197 $ 206 $ 191 $ 195 Capital contribution from redeemable noncontrolling interests 9 7 18 17 Adjustment to redemption value 5 13 1 Comprehensive income (loss) adjustments: Net income (loss) attributable to redeemable noncontrolling interests (5 ) 1 (13 ) Other comprehensive loss attributable to redeemable noncontrolling interests (1 ) (1 ) (4 ) Balance, end of period $ 205 $ 213 $ 205 $ 213

Note 8 - Earnings Per Share

Note 8 - Earnings Per Share	6 Months Ended
Note 8 - Earnings Per Share	Jun. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	8. Reconciliation of the numerators and denominators of the earnings per share calculations Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net income available to common stockholders - Numerator basic and diluted $ 16 $ 30 $ 19 $ 58 Denominator: Weighted-average common shares outstanding - Basic 145.0 144.3 144.9 144.1 Employee compensation-related shares 0.1 0.1 — 0.2 Weighted-average common shares outstanding - Diluted 145.1 144.4 144.9 144.3 The share count for diluted earnings per share is computed on the basis of the weighted-average number of common shares outstanding plus the effects of dilutive common stock equivalents (CSEs) outstanding during the period. We excluded 0.2 million and 2.0 million CSEs from the calculation of diluted earnings per share for the second 2024 2023

Note 9 - Stock Compensation

Note 9 - Stock Compensation	6 Months Ended
Note 9 - Stock Compensation	Jun. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	9. The Compensation Committee of our Board of Directors approved the grant of RSUs and performance share units (PSUs) shown in the table below during the six June 30, 2024 Granted Grant Date (In millions) Fair Value* RSUs 1.6 $ 13.22 PSUs 0.7 $ 13.31 * Weighted-average per share We calculated the fair value of the RSUs at grant date based on the closing market price of our common stock at the date of grant. The number of PSUs that ultimately vest is contingent on achieving specified financial targets and specified total shareholder return targets relative to peer companies. For the portion of the award based on financial metrics, we estimated the fair value of the PSUs at grant date based on the closing market price of our common stock at the date of grant adjusted for the value of assumed dividends over the period because the awards are not three 3 During the six June 30, 2024 second 2024 2023 June 30, 2024

Note 10 - Pension and Postretir

Note 10 - Pension and Postretirement Benefit Plans	6 Months Ended
Note 10 - Pension and Postretirement Benefit Plans	Jun. 30, 2024
Notes to Financial Statements
Retirement Benefits [Text Block]	10. We have a number of defined contribution and defined benefit, qualified and nonqualified, pension plans covering eligible employees. Other postretirement benefits (OPEB), including medical and life insurance, are provided for certain employees upon retirement. Components of net periodic benefit cost (credit) Pension OPEB 2024 2023 2024 2023 Three Months Ended June 30, U.S. Non-U.S. U.S. Non-U.S. Non-U.S. Non-U.S. Interest cost $ 6 $ 4 $ 7 $ 3 $ — $ — Expected return on plan assets (8 ) (1 ) (7 ) (1 ) Service cost 1 2 Amortization of net actuarial loss (gain) 1 2 (1 ) Net periodic benefit (credit) cost $ (1 ) $ 4 $ 2 $ 4 $ — $ (1 ) Six Months Ended June 30, Interest cost $ 13 $ 7 $ 14 $ 6 $ 1 $ 1 Expected return on plan assets (15 ) (2 ) (15 ) (2 ) Service cost 3 3 Amortization of net actuarial loss (gain) 3 4 (1 ) (2 ) Net periodic benefit cost (credit) $ 1 $ 8 $ 3 $ 7 $ — $ (1 ) The service cost components of net periodic pension and OPEB costs are included in cost of sales and selling, general and administrative expenses as part of compensation cost and are eligible for capitalization in inventory and other assets. The non-service components are reported in other income (expense), net and are not

Note 11 - Financing Agreements

Note 11 - Financing Agreements	6 Months Ended
Note 11 - Financing Agreements	Jun. 30, 2024
Notes to Financial Statements
Debt Disclosure [Text Block]	11. Long-term debt at Interest Rate June 30, 2024 December 31, 2023 Senior Notes due April 15, 2025 5.750% * $ 200 $ 200 Senior Notes due November 15, 2027 5.375% 400 400 Senior Notes due June 15, 2028 5.625% 400 400 Senior Euro Notes due July 15, 2029 3.000% 348 359 Senior Notes due September 1, 2030 4.250% 400 400 Senior Euro Notes due July 15, 2031 8.500% 455 469 Senior Notes due February 15, 2032 4.500% 350 350 Other indebtedness 66 79 Debt issuance costs (22 ) (24 ) 2,597 2,633 Less: Current portion of long-term debt 211 35 Long-term debt, less debt issuance costs $ 2,386 $ 2,598 * In conjunction with the issuance of the April 2025 8 April 2025 12 Interest on the senior notes is payable semi-annually. Other indebtedness includes borrowings from various financial institutions and finance lease obligations. Senior notes activity May 24, 2023, €425 May 24, 2023) July 2031 July 2031 July 2031 not 1933, July 2031 144A July 2031 January 15 July 15 January 15, 2024. July 2031 July 15, 2031. €419 May 24, 2023). €6 May 24, 2023) April 2025 June 9, 2023 April 2025 April 2025 Senior notes redemption provisions may 12 Redemption Price April November June July September July February Year 2025 Notes 2027 Notes 2028 Notes 2029 Notes 2030 Notes 2031 Notes 2032 Notes 2023 101.344 % 102.813 % 2024 100.000 % 100.000 % 101.406 % 101.500 % 2025 100.000 % 100.000 % 100.750 % 2026 100.000 % 100.000 % 100.000 % 102.125 % 104.250 % 2027 100.000 % 100.000 % 101.417 % 102.125 % 102.250 % 2028 100.000 % 100.708 % 100.000 % 101.500 % 2029 100.000 % 100.000 % 100.750 % 2030 100.000 % 100.000 % 2031 100.000 % At any time prior to July 15, 2024, may 40% July 2029 not one July 2029 July 15, 2024, may July 2029 not Prior to May 1, 2026, may September 2030 not At any time prior to July 15, 2026, may 40% July 2031 not one July 2031 July 15, 2026, may July 2031 not At any time prior to February 15, 2025, may 40% February 2032 not one February 2032 February 15, 2027, may February 2032 not Credit agreement March 14, 2023, March 14, 2028. The Revolving Facility is guaranteed by all of our wholly-owned domestic subsidiaries subject to certain exceptions (the guarantors) and are secured by a first Advances under the Revolving Facility bear interest at a floating rate based on, at our option, the base rate or the Term Secured Overnight Financing Rate ("SOFR") (each as described in the credit agreement) plus a margin as set forth below: Margin Total Net Leverage Ratio Base Rate SOFR Rate Less than or equal to 1.00:1.00 0.25 % 1.25 % Greater than 1.00:1.00 but less than or equal to 2.00:1.00 0.50 % 1.50 % Greater than 2.00:1.00 0.75 % 1.75 % Commitment fees are applied based on the average daily unused portion of the available amounts under the Revolving Facility as set forth below: Total Net Leverage Ratio Commitment Fee Less than or equal to 1.00:1.00 0.250 % Greater than 1.00:1.00 but less than or equal to 2.00:1.00 0.375 % Greater than 2.00:1.00 0.500 % Up to $275 of the Revolving Facility may At June 30, 2024 June 30, 2024 Debt covenants June 30, 2024 first not 1.00.

Note 12 - Fair Value Measuremen

Note 12 - Fair Value Measurements and Derivatives	6 Months Ended
Note 12 - Fair Value Measurements and Derivatives	Jun. 30, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	12. In measuring the fair value of our assets and liabilities, we use market data or assumptions that we believe market participants would use in pricing an asset or liability including assumptions about risk when appropriate. Our valuation techniques include a combination of observable and unobservable inputs. Fair value measurements on a recurring basis Fair Value Category Balance Sheet Location Fair Value Level June 30, 2024 December 31, 2023 Currency forward contracts Cash flow hedges Accounts receivable - Other 2 $ 5 $ 43 Cash flow hedges Other accrued liabilities 2 12 7 Undesignated Accounts receivable - Other 2 2 3 Undesignated Other accrued liabilities 2 3 5 Currency swaps Cash flow hedges Other noncurrent assets 2 6 Cash flow hedges Other noncurrent liabilities 2 11 Undesignated Other noncurrent liabilities 2 7 9 Fair Value Level 2 Fair value of financial instruments not June 30, 2024 December 31, 2023 Fair Value Level Carrying Value Fair Value Carrying Value Fair Value Long-term debt 2 $ 2,536 $ 2,441 $ 2,582 $ 2,495 Foreign currency derivatives We have executed fixed-to-fixed cross-currency swaps in conjunction with the issuance of certain notes to eliminate the variability in the functional-currency-equivalent cash flows due to changes in exchange rates associated with the forecasted principal and interest payments. All of the underlying designated financial instruments have been designated as the hedged items in each respective cash flow hedge relationship, as shown in the table below. Designated as cash flow hedges of the forecasted principal and interest payments of the underlying designated financial instruments, all of the swaps economically convert the underlying designated financial instruments into the functional currency of each respective holder. The impact of the interest rate differential between the inflow and outflow rates on fixed-to-fixed cross-currency swaps is recognized during each period as a component of interest expense for hedges of external debt and as a component of other income (expense), net for hedges of intercompany debt. The following fixed-to-fixed cross-currency swaps were outstanding at June 30, 2024 Underlying Financial Instrument Derivative Financial Instrument Description Type Face Amount Rate Notional Amount Traded Amount Inflow Rate Outflow Rate April 2025 Notes Payable $ 200 5.75 % $ 200 € 185 5.75 % 3.85 % Luxembourg Intercompany Notes Receivable € 93 3.85 % $ 100 € 93 5.75 % 3.85 % Luxembourg Intercompany Notes Receivable € 278 3.70 % € 278 $ 300 5.38 % 3.70 % Undesignated 2026 Swap $ 188 € 169 6.50 % 5.14 % Undesignated Offset 2026 Swap € 169 $ 188 3.13 % 6.50 % The designated swaps are expected to be highly effective in offsetting the corresponding currency-based changes in cash outflows related to the underlying designated financial instruments. Based on our qualitative assessment that the critical terms of the underlying designated financial instruments and the associated swaps match and that all other required criteria have been met, we do not 11 April 2025 no The total notional amount of outstanding foreign currency forward contracts, involving the exchange of various currencies, was $1,014 at June 30, 2024 December 31, 2023 June 30, 2024 December 31, 2023 The following currency derivatives were outstanding at June 30, 2024 Notional Amount (U.S. Dollar Equivalent) Functional Currency Traded Currency Designated Undesignated Total Maturity U.S. dollar Chinese renminbi, Indian rupee, Mexican peso, Thai baht, South African rand $ 426 $ 21 $ 447 Sep-2025 Euro U.S. dollar, Australian dollar, Swiss franc, Chinese renminbi, British pound, Hungarian forint, Indian rupee, Mexican peso, Norwegian krone, Swedish krona, South African rand 293 32 325 Sep-2027 Indian rupee U.S. dollar, euro, British pound 97 97 Jun-2025 Brazilian real U.S. dollar, euro 56 6 62 Mar-2025 South African rand U.S. dollar, euro, Thai baht 21 21 Aug-2024 Canadian dollar U.S. dollar 1 17 18 Oct-2024 Thai baht U.S. dollar 6 10 16 Nov-2024 British pound U.S. dollar, euro 6 7 13 Mar-2025 Chinese renminbi U.S. dollar, euro, Canadian dollar 9 9 Jul-2024 Mexican peso U.S. dollar 3 3 Jul-2024 Swedish krona euro 2 2 Jul-2024 Australian dollar U.S. dollar, euro 1 1 Jul-2024 Total forward contracts 788 226 1,014 U.S. dollar euro 298 181 479 Nov-2027 Euro U.S. dollar 300 188 488 Jun-2026 Total currency swaps 598 369 967 Total currency derivatives $ 1,386 $ 595 $ 1,981 Designated cash flow hedges not not The following table provides a summary of deferred gains (losses) reported in AOCI as well as the amount expected to be reclassified to income in one Deferred Gain (Loss) in AOCI June 30, 2024 December 31, 2023 Gain (loss) expected to be reclassified into income in one year or less Forward Contracts $ 12 $ 20 $ 12 Cross-Currency Swaps 1 Total $ 12 $ 21 $ 12 The following table provides a summary of the location and amount of gains or losses recognized in the consolidated statement of operations associated with cash flow hedging relationships: Three Months Ended Six Months Ended June 30, June 30, Derivatives Designated as Cash Flow Hedges 2024 2023 2024 2023 Total amounts of income and expense line items presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded Net sales $ 2,738 $ 2,748 $ 5,473 $ 5,392 Cost of sales 2,483 2,477 4,974 4,892 Other income (expense), net (2 ) 4 — 9 (Gain) or loss on cash flow hedging relationships Foreign currency forwards Amount of (gain) loss reclassified from AOCI into income Cost of sales (7 ) (8 ) (16 ) (13 ) Other income (expense), net 4 (3 ) 15 (5 ) Cross-currency swaps Amount of (gain) loss reclassified from AOCI into income Other income (expense), net (4 ) 5 (18 ) 12 The amounts reclassified from AOCI into income for the cross-currency swaps represent an offset to a foreign exchange loss on our foreign currency-denominated intercompany and external debt instruments. Certain of our hedges of forecasted transactions have not Three Months Ended Six Months Ended June 30, June 30, Derivatives Not Designated as Hedging Instruments 2024 2023 2024 2023 Gain (loss) recognized in income Foreign currency forward contracts Cost of sales $ 2 $ 1 $ 2 $ — Other income (expense), net (1 ) (10 ) 1 (7 ) Net investment hedges second 2024, September 2025.

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	6 Months Ended
Note 13 - Commitments and Contingencies	Jun. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	13. Environmental liabilities June 30, 2024 December 31, 2023 Guarantee of lease obligations 2010, three June 2025, Other legal matters may not

Note 14 - Warranty Obligations

Note 14 - Warranty Obligations	6 Months Ended
Note 14 - Warranty Obligations	Jun. 30, 2024
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	14. We record a liability for estimated warranty obligations at the dates our products are sold. We record the liability based on our estimate of costs to settle future claims. Adjustments to our estimated costs at time of sale are made as claim experience and other new information becomes available. Obligations for service campaigns and other occurrences are recognized as adjustments to prior estimates when the obligation is probable and can be reasonably estimated. Changes in warranty liabilities Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Balance, beginning of period $ 115 $ 108 $ 116 $ 108 Amounts accrued for current period sales 12 13 22 23 Adjustments of prior estimates 8 10 8 Settlements of warranty claims (18 ) (15 ) (30 ) (32 ) Currency impact (1 ) (1 ) Balance, end of period $ 117 $ 106 $ 117 $ 106

Note 15 - Income Taxes

Note 15 - Income Taxes	6 Months Ended
Note 15 - Income Taxes	Jun. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	15. We estimate the effective tax rate expected to be applicable for the full fiscal year and use that rate to provide for income taxes in interim reporting periods. We also recognize the tax impact of certain unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, in the interim period in which they occur. We have generally not not not” no We record interest and penalties related to uncertain tax positions as a component of income tax expense. Net interest expense for the periods presented herein is not We reported i ncome tax expense of $54 and $55 for the second quarters of 2024 and 2023 and $85 for the respective year-to-date periods. Our effective tax rates were 89% and 57% for the six June 30, 2024 2023 . During the first six 2024, second 2023, may

Note 16 - Other Income (Expense

Note 16 - Other Income (Expense), Net	6 Months Ended
Note 16 - Other Income (Expense), Net	Jun. 30, 2024
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	16. Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Non-service cost components of pension and OPEB costs $ (2 ) $ (3 ) $ (6 ) $ (6 ) Government assistance 2 7 3 8 Foreign exchange gain (loss) (5 ) (3 ) (4 ) 1 Strategic transaction expenses (2 ) (1 ) (4 ) (2 ) Other, net 5 4 11 8 Other income (expense), net $ (2 ) $ 4 $ — $ 9 Foreign exchange gains and losses on cross-currency intercompany loan balances that are not Strategic transaction expenses relate primarily to costs incurred in connection with acquisition and divestiture related activities, including costs to complete the transaction and post-closing integration costs, and other strategic initiatives. Strategic transaction expenses in the six June 30, 2024 2023

Note 17 - Revenue From Contract

Note 17 - Revenue From Contracts With Customers	6 Months Ended
Note 17 - Revenue From Contracts With Customers	Jun. 30, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	17. We generate revenue from selling production parts to original equipment manufacturers (OEMs) and service parts to OEMs and aftermarket customers. While we provide production and service parts to certain OEMs under awarded multi-year programs, these multi-year programs do not not not We continually seek new business opportunities and at times provide incentives to our customers for new program awards. We evaluate the underlying economics of each payment made to our customers to determine the proper accounting by understanding the nature of the payment, the rights and obligations in the contract, and other relevant facts and circumstances. Upfront payments to our customers are capitalized if we determine that the payments are incremental and incurred only if the new business is obtained and we expect to recover these amounts from the customer over the term of the new business program. We recognize a reduction to revenue as products that the upfront payments are related to are transferred to the customer, based on the total amount of products expected to be sold over the term of the program. We evaluate the amounts capitalized each period for recoverability and expense any amounts that are no June 30, 2024 December 31, 2023 Certain of our customer contracts include rebate incentives. We estimate expected rebates and accrue the corresponding refund liability, as a reduction of revenue, at the time covered product is sold to the customer based on anticipated customer purchases during the rebate period and contractual rebate percentages. Refund liabilities are included in other accrued liabilities on our consolidated balance sheets. We provide standard fitness for use warranties on the products we sell, accruing for estimated costs related to product warranty obligations at time of sale. See Note 14 Contract liabilities are primarily comprised of cash deposits made by customers with cash in advance payment terms. Generally, our contract liabilities turn over frequently given our relatively short production cycles. Contract liabilities were $39 and $50 at June 30, 2024 December 31, 2023 Disaggregation of revenue The following table disaggregates revenue for each of our operating segments by geographical market: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Light Vehicle North America $ 758 $ 728 $ 1,513 $ 1,368 Europe 160 142 309 274 South America 76 59 138 112 Asia Pacific 138 137 270 274 Total $ 1,132 $ 1,066 $ 2,230 $ 2,028 Commercial Vehicle North America $ 297 $ 290 $ 590 $ 577 Europe 74 83 158 164 South America 117 98 226 201 Asia Pacific 39 55 77 106 Total $ 527 $ 526 $ 1,051 $ 1,048 Off-Highway North America $ 94 $ 89 $ 186 $ 186 Europe 492 593 1,017 1,166 South America 6 6 11 10 Asia Pacific 154 154 313 322 Total $ 746 $ 842 $ 1,527 $ 1,684 Power Technologies North America $ 193 $ 159 $ 380 $ 318 Europe 114 129 231 263 South America 6 8 14 16 Asia Pacific 20 18 40 35 Total $ 333 $ 314 $ 665 $ 632 Total North America $ 1,342 $ 1,266 $ 2,669 $ 2,449 Europe 840 947 1,715 1,867 South America 205 171 389 339 Asia Pacific 351 364 700 737 Total $ 2,738 $ 2,748 $ 5,473 $ 5,392

Note 18 - Segments

Note 18 - Segments	6 Months Ended
Note 18 - Segments	Jun. 30, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	18. 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 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 Segment information 2024 2023 Three Months Ended June 30, External Sales Inter-Segment Sales Segment EBITDA External Sales Inter-Segment Sales Segment EBITDA Light Vehicle $ 1,132 $ 48 $ 84 $ 1,066 $ 46 $ 66 Commercial Vehicle 527 28 23 526 31 28 Off-Highway 746 16 116 842 16 131 Power Technologies 333 6 22 314 6 19 Eliminations and other (98 ) (99 ) Total $ 2,738 $ — $ 245 $ 2,748 $ — $ 244 Six Months Ended June 30, Light Vehicle $ 2,230 $ 99 $ 151 $ 2,028 $ 98 $ 115 Commercial Vehicle 1,051 57 40 1,048 63 45 Off-Highway 1,527 33 231 1,684 33 249 Power Technologies 665 12 49 632 14 42 Eliminations and other (201 ) (208 ) Total $ 5,473 $ — $ 471 $ 5,392 $ — $ 451 Reconciliation of segment EBITDA to consolidated net income Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Segment EBITDA $ 245 $ 244 $ 471 $ 451 Corporate expense and other items, net (1 ) (1 ) (4 ) (4 ) Depreciation (106 ) (94 ) (207 ) (186 ) Amortization (6 ) (6 ) (11 ) (11 ) Non-service cost components of pension and OPEB costs (2 ) (3 ) (6 ) (6 ) Restructuring charges, net (12 ) (3 ) (17 ) (4 ) Stock compensation expense (8 ) (8 ) (14 ) (14 ) Strategic transaction expenses (2 ) (1 ) (4 ) (2 ) Distressed supplier costs (4 ) (12 ) Loss on disposal group held for sale (1 ) (30 ) Other items (3 ) (4 ) 2 Earnings before interest and income taxes 104 124 174 214 Loss on extinguishment of debt (1 ) (1 ) Interest income 2 5 6 9 Interest expense 39 39 78 73 Earnings before income taxes 67 89 102 149 Income tax expense 54 55 91 85 Equity in earnings of affiliates 3 2 5 3 Net income $ 16 $ 36 $ 16 $ 67

Note 19 - Equity Affiliates

Note 19 - Equity Affiliates	6 Months Ended
Note 19 - Equity Affiliates	Jun. 30, 2024
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	19. We have a number of investments in entities that engage in the manufacture and supply of vehicular parts (primarily axles, axle housings and driveshafts). Equity method investments at June 30, 2024 Ownership Percentage Investment Dongfeng Dana Axle Co., Ltd. 50% $ 52 ROC-Spicer, Ltd. 50% 22 Axles India Limited 48% 15 Tai Ya Investment (HK) Co., Limited 50% 5 All others as a group 5 Investments in equity affiliates 99 Investments in affiliates carried at cost 24 Investments in affiliates $ 123

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
Insider Trading Arrangements	Jun. 30, 2024	Jun. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		Item 5. Other Information During the three June 30, 2024 none 10b5 1 10b5 1
Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of presentation not may 8 10 December 31, 2023 2023 10
New Accounting Pronouncements, Policy [Policy Text Block]	Recently adopted accounting pronouncements We did not ncements during the six June 30, 2024 . Recently issued accounting pronouncements We do not In November 2023, 2023 07, 280 December 15, 2023, December 15, 2024, no 2024 10 In December 2023, 2023 09, December 15, 2024,

Note 2 - Disposal Group Held _2

Note 2 - Disposal Group Held for Sale (Tables)	6 Months Ended
Note 2 - Disposal Group Held for Sale (Tables)	Jun. 30, 2024
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	June 30, 2024 Accounts receivable - Trade $ 17 Accounts receivable - Other 1 Inventories 43 Current assets of disposal group held for sale $ 61 Accounts payable $ 13 Accrued payroll and employee benefits 4 Current portion of operating lease liabilities 1 Other accrued liabilities 3 Current liabilities of disposal group held for sale $ 21 Noncurrent operating lease liabilities $ 1 Pension and postretirement obligations 3 Noncurrent liabilities of disposal group held for sale $ 4

Note 3 - Goodwill and Other I_2

Note 3 - Goodwill and Other Intangible Assets (Tables)	6 Months Ended
Note 3 - Goodwill and Other Intangible Assets (Tables)	Jun. 30, 2024
Notes Tables
Schedule of Goodwill [Table Text Block]	Off-Highway Balance, December 31, 2023 $ 263 Reclassified to disposal group held for sale (2 ) Currency impact (5 ) Balance, June 30, 2024 $ 256
Schedule of Intangible Assets Other Than Goodwill [Table Text Block]	June 30, 2024 December 31, 2023 Weighted Average Useful Life (years) Gross Carrying Amount Accumulated Impairment and Amortization Net Carrying Amount Gross Carrying Amount Accumulated Impairment and Amortization Net Carrying Amount Amortizable intangible assets Core technology 8 $ 157 $ (129 ) $ 28 $ 159 $ (126 ) $ 33 Trademarks and trade names 13 25 (15 ) 10 29 (15 ) 14 Customer relationships 8 491 (438 ) 53 503 (441 ) 62 Non-amortizable intangible assets Trademarks and trade names 72 72 73 73 $ 745 $ (582 ) $ 163 $ 764 $ (582 ) $ 182
Schedule of Intangible Assets, Excluding Goodwill, by Segment [Table Text Block]	June 30, 2024 Light Vehicle $ 12 Commercial Vehicle 55 Off-Highway 93 Power Technologies 3 $ 163
Finite-Lived Intangible Assets Amortization Expense [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Charged to cost of sales $ 2 $ 2 $ 4 $ 4 Charged to amortization of intangibles 4 4 7 7 Total amortization $ 6 $ 6 $ 11 $ 11

Note 4 - Restructuring of Ope_2

Note 4 - Restructuring of Operations (Tables)	6 Months Ended
Note 4 - Restructuring of Operations (Tables)	Jun. 30, 2024
Notes Tables
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	Employee Termination Benefits Exit Costs Total Balance, March 31, 2024 $ 10 $ — $ 10 Charges to restructuring 9 3 12 Cash payments (3 ) (3 ) (6 ) Balance, June 30, 2024 $ 16 $ — $ 16 Balance, December 31, 2023 $ 10 $ — $ 10 Charges to restructuring 11 6 17 Cash payments (5 ) (6 ) (11 ) Balance, June 30, 2024 $ 16 $ — $ 16

Note 5 - Supplemental Balance_2

Note 5 - Supplemental Balance Sheet and Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2024
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, 2024 December 31, 2023 Raw materials $ 658 $ 681 Work in process and finished goods 944 995 Total $ 1,602 $ 1,676
Schedule of Cash and Cash Equivalents [Table Text Block]	June 30, 2024 December 31, 2023 June 30, 2023 December 31, 2022 Cash and cash equivalents $ 419 $ 529 $ 484 $ 425 Restricted cash included in other current assets 11 23 8 7 Restricted cash included in other noncurrent assets 10 11 11 10 Total cash, cash equivalents and restricted cash $ 440 $ 563 $ 503 $ 442

Note 6 - Stockholders' Equity (

Note 6 - Stockholders' Equity (Tables)	6 Months Ended
Note 6 - Stockholders' Equity (Tables)	Jun. 30, 2024
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	2024 Common Stock Additional Paid-In Capital Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Non-controlling Interests Total Equity Balance, December 31, 2023 $ 2 $ 2,255 $ 317 $ (9 ) $ (990 ) $ 62 $ 1,637 Net income 3 5 8 Other comprehensive loss (17 ) (1 ) (18 ) Common stock dividends and dividend equivalents (15 ) (15 ) Distributions to noncontrolling interests (1 ) (1 ) Redeemable noncontrolling interests adjustment to redemption value (8 ) (8 ) Stock compensation 5 5 Stock withheld for employee taxes (4 ) (4 ) Balance, March 31, 2024 $ 2 $ 2,260 $ 297 $ (13 ) $ (1,007 ) $ 65 $ 1,604 Net income 16 5 21 Other comprehensive loss (67 ) (67 ) Common stock dividends and dividend equivalents (15 ) (15 ) Distributions to noncontrolling interests (1 ) (1 ) Redeemable noncontrolling interests adjustment to redemption value (5 ) (5 ) Stock compensation 7 7 Balance, June 30, 2024 $ 2 $ 2,267 $ 293 $ (13 ) $ (1,074 ) $ 69 $ 1,544 2023 Common Stock Additional Paid-In Capital Retained Earnings Treasury Stock Accumulated Other Comprehensive Loss Non-controlling Interests Total Equity Balance, December 31, 2022 $ 2 $ 2,229 $ 321 $ — $ (1,001 ) $ 52 $ 1,603 Net income 28 4 32 Other comprehensive income 40 40 Common stock dividends and dividend equivalents (15 ) (15 ) Distributions to noncontrolling interests (1 ) (1 ) Redeemable noncontrolling interests adjustment to redemption value (1 ) (1 ) Stock compensation 8 8 Stock withheld for employee taxes (8 ) (8 ) Balance, March 31, 2023 $ 2 $ 2,237 $ 333 $ (8 ) $ (961 ) $ 55 $ 1,658 Net income 30 5 35 Other comprehensive loss (3 ) (3 ) Common stock dividends and dividend equivalents (14 ) (14 ) Distributions to noncontrolling interests (2 ) (2 ) Stock compensation 7 7 Balance, June 30, 2023 $ 2 $ 2,244 $ 349 $ (8 ) $ (964 ) $ 58 $ 1,681
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Parent Company Stockholders 2024 Foreign Currency Translation Hedging Defined Benefit Plans Accumulated Other Comprehensive Loss Balance, December 31, 2023 $ (868 ) $ 20 $ (142 ) $ (990 ) Currency translation adjustments (16 ) (16 ) Holding gains and losses 9 9 Reclassification of amount to net income (a) (11 ) (11 ) Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 1 1 Other comprehensive income (loss) (16 ) (2 ) 1 (17 ) Balance, March 31, 2024 $ (884 ) $ 18 $ (141 ) $ (1,007 ) Currency translation adjustments (45 ) (45 ) Holding gains and losses (23 ) (23 ) Reclassification of amount to net income (a) (8 ) (8 ) Other 3 3 Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 2 2 Tax expense 5 (1 ) 4 Other comprehensive income (loss) (45 ) (26 ) 4 (67 ) Balance, June 30, 2024 $ (929 ) $ (8 ) $ (137 ) $ (1,074 ) Parent Company Stockholders 2023 Foreign Currency Translation Hedging Defined Benefit Plans Accumulated Other Comprehensive Loss Balance, December 31, 2022 $ (895 ) $ 21 $ (127 ) $ (1,001 ) Currency translation adjustments 24 24 Holding gains and losses 16 16 Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 1 1 Tax expense (1 ) (1 ) Other comprehensive income 24 15 1 40 Balance, March 31, 2023 $ (871 ) $ 36 $ (126 ) $ (961 ) Currency translation adjustments (6 ) (6 ) Holding gains and losses 10 10 Reclassification of amount to net income (a) (7 ) (7 ) Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 1 1 Tax expense (1 ) (1 ) Other comprehensive income (loss) (6 ) 3 — (3 ) Balance, June 30, 2023 $ (877 ) $ 39 $ (126 ) $ (964 )

Note 7 - Redeemable Noncontro_2

Note 7 - Redeemable Noncontrolling Interests (Tables)	6 Months Ended
Note 7 - Redeemable Noncontrolling Interests (Tables)	Jun. 30, 2024
Notes Tables
Redeemable Noncontrolling Interest [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Balance, beginning of period $ 197 $ 206 $ 191 $ 195 Capital contribution from redeemable noncontrolling interests 9 7 18 17 Adjustment to redemption value 5 13 1 Comprehensive income (loss) adjustments: Net income (loss) attributable to redeemable noncontrolling interests (5 ) 1 (13 ) Other comprehensive loss attributable to redeemable noncontrolling interests (1 ) (1 ) (4 ) Balance, end of period $ 205 $ 213 $ 205 $ 213

Note 8 - Earnings Per Share (Ta

Note 8 - Earnings Per Share (Tables)	6 Months Ended
Note 8 - Earnings Per Share (Tables)	Jun. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Net income available to common stockholders - Numerator basic and diluted $ 16 $ 30 $ 19 $ 58 Denominator: Weighted-average common shares outstanding - Basic 145.0 144.3 144.9 144.1 Employee compensation-related shares 0.1 0.1 — 0.2 Weighted-average common shares outstanding - Diluted 145.1 144.4 144.9 144.3

Note 9 - Stock Compensation (Ta

Note 9 - Stock Compensation (Tables)	6 Months Ended
Note 9 - Stock Compensation (Tables)	Jun. 30, 2024
Notes Tables
Schedule of Nonvested Share Activity [Table Text Block]	Granted Grant Date (In millions) Fair Value* RSUs 1.6 $ 13.22 PSUs 0.7 $ 13.31

Note 10 - Pension and Postret_2

Note 10 - Pension and Postretirement Benefit Plans (Tables)	6 Months Ended
Note 10 - Pension and Postretirement Benefit Plans (Tables)	Jun. 30, 2024
Notes Tables
Schedule of Net Benefit Costs [Table Text Block]	Pension OPEB 2024 2023 2024 2023 Three Months Ended June 30, U.S. Non-U.S. U.S. Non-U.S. Non-U.S. Non-U.S. Interest cost $ 6 $ 4 $ 7 $ 3 $ — $ — Expected return on plan assets (8 ) (1 ) (7 ) (1 ) Service cost 1 2 Amortization of net actuarial loss (gain) 1 2 (1 ) Net periodic benefit (credit) cost $ (1 ) $ 4 $ 2 $ 4 $ — $ (1 ) Six Months Ended June 30, Interest cost $ 13 $ 7 $ 14 $ 6 $ 1 $ 1 Expected return on plan assets (15 ) (2 ) (15 ) (2 ) Service cost 3 3 Amortization of net actuarial loss (gain) 3 4 (1 ) (2 ) Net periodic benefit cost (credit) $ 1 $ 8 $ 3 $ 7 $ — $ (1 )

Note 11 - Financing Agreements

Note 11 - Financing Agreements (Tables)	6 Months Ended
Note 11 - Financing Agreements (Tables)	Jun. 30, 2024
Notes Tables
Schedule of Debt [Table Text Block]	Interest Rate June 30, 2024 December 31, 2023 Senior Notes due April 15, 2025 5.750% * $ 200 $ 200 Senior Notes due November 15, 2027 5.375% 400 400 Senior Notes due June 15, 2028 5.625% 400 400 Senior Euro Notes due July 15, 2029 3.000% 348 359 Senior Notes due September 1, 2030 4.250% 400 400 Senior Euro Notes due July 15, 2031 8.500% 455 469 Senior Notes due February 15, 2032 4.500% 350 350 Other indebtedness 66 79 Debt issuance costs (22 ) (24 ) 2,597 2,633 Less: Current portion of long-term debt 211 35 Long-term debt, less debt issuance costs $ 2,386 $ 2,598
Debt Instrument Redemption [Table Text Block]	Redemption Price April November June July September July February Year 2025 Notes 2027 Notes 2028 Notes 2029 Notes 2030 Notes 2031 Notes 2032 Notes 2023 101.344 % 102.813 % 2024 100.000 % 100.000 % 101.406 % 101.500 % 2025 100.000 % 100.000 % 100.750 % 2026 100.000 % 100.000 % 100.000 % 102.125 % 104.250 % 2027 100.000 % 100.000 % 101.417 % 102.125 % 102.250 % 2028 100.000 % 100.708 % 100.000 % 101.500 % 2029 100.000 % 100.000 % 100.750 % 2030 100.000 % 100.000 % 2031 100.000 %
Schedule of Long-Term Debt Instruments [Table Text Block]	Margin Total Net Leverage Ratio Base Rate SOFR Rate Less than or equal to 1.00:1.00 0.25 % 1.25 % Greater than 1.00:1.00 but less than or equal to 2.00:1.00 0.50 % 1.50 % Greater than 2.00:1.00 0.75 % 1.75 %
Schedule of Line of Credit Facilities [Table Text Block]	Total Net Leverage Ratio Commitment Fee Less than or equal to 1.00:1.00 0.250 % Greater than 1.00:1.00 but less than or equal to 2.00:1.00 0.375 % Greater than 2.00:1.00 0.500 %

Note 12 - Fair Value Measurem_2

Note 12 - Fair Value Measurements and Derivatives (Tables)	6 Months Ended
Note 12 - Fair Value Measurements and Derivatives (Tables)	Jun. 30, 2024
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Fair Value Category Balance Sheet Location Fair Value Level June 30, 2024 December 31, 2023 Currency forward contracts Cash flow hedges Accounts receivable - Other 2 $ 5 $ 43 Cash flow hedges Other accrued liabilities 2 12 7 Undesignated Accounts receivable - Other 2 2 3 Undesignated Other accrued liabilities 2 3 5 Currency swaps Cash flow hedges Other noncurrent assets 2 6 Cash flow hedges Other noncurrent liabilities 2 11 Undesignated Other noncurrent liabilities 2 7 9
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	June 30, 2024 December 31, 2023 Fair Value Level Carrying Value Fair Value Carrying Value Fair Value Long-term debt 2 $ 2,536 $ 2,441 $ 2,582 $ 2,495
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	Underlying Financial Instrument Derivative Financial Instrument Description Type Face Amount Rate Notional Amount Traded Amount Inflow Rate Outflow Rate April 2025 Notes Payable $ 200 5.75 % $ 200 € 185 5.75 % 3.85 % Luxembourg Intercompany Notes Receivable € 93 3.85 % $ 100 € 93 5.75 % 3.85 % Luxembourg Intercompany Notes Receivable € 278 3.70 % € 278 $ 300 5.38 % 3.70 % Undesignated 2026 Swap $ 188 € 169 6.50 % 5.14 % Undesignated Offset 2026 Swap € 169 $ 188 3.13 % 6.50 %
Schedule of Derivative Instruments [Table Text Block]	Notional Amount (U.S. Dollar Equivalent) Functional Currency Traded Currency Designated Undesignated Total Maturity U.S. dollar Chinese renminbi, Indian rupee, Mexican peso, Thai baht, South African rand $ 426 $ 21 $ 447 Sep-2025 Euro U.S. dollar, Australian dollar, Swiss franc, Chinese renminbi, British pound, Hungarian forint, Indian rupee, Mexican peso, Norwegian krone, Swedish krona, South African rand 293 32 325 Sep-2027 Indian rupee U.S. dollar, euro, British pound 97 97 Jun-2025 Brazilian real U.S. dollar, euro 56 6 62 Mar-2025 South African rand U.S. dollar, euro, Thai baht 21 21 Aug-2024 Canadian dollar U.S. dollar 1 17 18 Oct-2024 Thai baht U.S. dollar 6 10 16 Nov-2024 British pound U.S. dollar, euro 6 7 13 Mar-2025 Chinese renminbi U.S. dollar, euro, Canadian dollar 9 9 Jul-2024 Mexican peso U.S. dollar 3 3 Jul-2024 Swedish krona euro 2 2 Jul-2024 Australian dollar U.S. dollar, euro 1 1 Jul-2024 Total forward contracts 788 226 1,014 U.S. dollar euro 298 181 479 Nov-2027 Euro U.S. dollar 300 188 488 Jun-2026 Total currency swaps 598 369 967 Total currency derivatives $ 1,386 $ 595 $ 1,981
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Deferred Gain (Loss) in AOCI June 30, 2024 December 31, 2023 Gain (loss) expected to be reclassified into income in one year or less Forward Contracts $ 12 $ 20 $ 12 Cross-Currency Swaps 1 Total $ 12 $ 21 $ 12
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, Derivatives Designated as Cash Flow Hedges 2024 2023 2024 2023 Total amounts of income and expense line items presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded Net sales $ 2,738 $ 2,748 $ 5,473 $ 5,392 Cost of sales 2,483 2,477 4,974 4,892 Other income (expense), net (2 ) 4 — 9 (Gain) or loss on cash flow hedging relationships Foreign currency forwards Amount of (gain) loss reclassified from AOCI into income Cost of sales (7 ) (8 ) (16 ) (13 ) Other income (expense), net 4 (3 ) 15 (5 ) Cross-currency swaps Amount of (gain) loss reclassified from AOCI into income Other income (expense), net (4 ) 5 (18 ) 12
Derivatives Not Designated as Hedging Instruments [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, Derivatives Not Designated as Hedging Instruments 2024 2023 2024 2023 Gain (loss) recognized in income Foreign currency forward contracts Cost of sales $ 2 $ 1 $ 2 $ — Other income (expense), net (1 ) (10 ) 1 (7 )

Note 14 - Warranty Obligations

Note 14 - Warranty Obligations (Tables)	6 Months Ended
Note 14 - Warranty Obligations (Tables)	Jun. 30, 2024
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Balance, beginning of period $ 115 $ 108 $ 116 $ 108 Amounts accrued for current period sales 12 13 22 23 Adjustments of prior estimates 8 10 8 Settlements of warranty claims (18 ) (15 ) (30 ) (32 ) Currency impact (1 ) (1 ) Balance, end of period $ 117 $ 106 $ 117 $ 106

Note 16 - Other Income (Expen_2

Note 16 - Other Income (Expense), Net (Tables)	6 Months Ended
Note 16 - Other Income (Expense), Net (Tables)	Jun. 30, 2024
Notes Tables
Schedule of Other Operating Cost and Expense, by Component [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Non-service cost components of pension and OPEB costs $ (2 ) $ (3 ) $ (6 ) $ (6 ) Government assistance 2 7 3 8 Foreign exchange gain (loss) (5 ) (3 ) (4 ) 1 Strategic transaction expenses (2 ) (1 ) (4 ) (2 ) Other, net 5 4 11 8 Other income (expense), net $ (2 ) $ 4 $ — $ 9

Note 17 - Revenue From Contra_2

Note 17 - Revenue From Contracts With Customers (Tables)	6 Months Ended
Note 17 - Revenue From Contracts With Customers (Tables)	Jun. 30, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Light Vehicle North America $ 758 $ 728 $ 1,513 $ 1,368 Europe 160 142 309 274 South America 76 59 138 112 Asia Pacific 138 137 270 274 Total $ 1,132 $ 1,066 $ 2,230 $ 2,028 Commercial Vehicle North America $ 297 $ 290 $ 590 $ 577 Europe 74 83 158 164 South America 117 98 226 201 Asia Pacific 39 55 77 106 Total $ 527 $ 526 $ 1,051 $ 1,048 Off-Highway North America $ 94 $ 89 $ 186 $ 186 Europe 492 593 1,017 1,166 South America 6 6 11 10 Asia Pacific 154 154 313 322 Total $ 746 $ 842 $ 1,527 $ 1,684 Power Technologies North America $ 193 $ 159 $ 380 $ 318 Europe 114 129 231 263 South America 6 8 14 16 Asia Pacific 20 18 40 35 Total $ 333 $ 314 $ 665 $ 632 Total North America $ 1,342 $ 1,266 $ 2,669 $ 2,449 Europe 840 947 1,715 1,867 South America 205 171 389 339 Asia Pacific 351 364 700 737 Total $ 2,738 $ 2,748 $ 5,473 $ 5,392

Note 18 - Segments (Tables)

Note 18 - Segments (Tables)	6 Months Ended
Note 18 - Segments (Tables)	Jun. 30, 2024
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	2024 2023 Three Months Ended June 30, External Sales Inter-Segment Sales Segment EBITDA External Sales Inter-Segment Sales Segment EBITDA Light Vehicle $ 1,132 $ 48 $ 84 $ 1,066 $ 46 $ 66 Commercial Vehicle 527 28 23 526 31 28 Off-Highway 746 16 116 842 16 131 Power Technologies 333 6 22 314 6 19 Eliminations and other (98 ) (99 ) Total $ 2,738 $ — $ 245 $ 2,748 $ — $ 244 Six Months Ended June 30, Light Vehicle $ 2,230 $ 99 $ 151 $ 2,028 $ 98 $ 115 Commercial Vehicle 1,051 57 40 1,048 63 45 Off-Highway 1,527 33 231 1,684 33 249 Power Technologies 665 12 49 632 14 42 Eliminations and other (201 ) (208 ) Total $ 5,473 $ — $ 471 $ 5,392 $ — $ 451
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Segment EBITDA $ 245 $ 244 $ 471 $ 451 Corporate expense and other items, net (1 ) (1 ) (4 ) (4 ) Depreciation (106 ) (94 ) (207 ) (186 ) Amortization (6 ) (6 ) (11 ) (11 ) Non-service cost components of pension and OPEB costs (2 ) (3 ) (6 ) (6 ) Restructuring charges, net (12 ) (3 ) (17 ) (4 ) Stock compensation expense (8 ) (8 ) (14 ) (14 ) Strategic transaction expenses (2 ) (1 ) (4 ) (2 ) Distressed supplier costs (4 ) (12 ) Loss on disposal group held for sale (1 ) (30 ) Other items (3 ) (4 ) 2 Earnings before interest and income taxes 104 124 174 214 Loss on extinguishment of debt (1 ) (1 ) Interest income 2 5 6 9 Interest expense 39 39 78 73 Earnings before income taxes 67 89 102 149 Income tax expense 54 55 91 85 Equity in earnings of affiliates 3 2 5 3 Net income $ 16 $ 36 $ 16 $ 67

Note 19 - Equity Affiliates (Ta

Note 19 - Equity Affiliates (Tables)	6 Months Ended
Note 19 - Equity Affiliates (Tables)	Jun. 30, 2024
Notes Tables
Equity Method Investments [Table Text Block]	Ownership Percentage Investment Dongfeng Dana Axle Co., Ltd. 50% $ 52 ROC-Spicer, Ltd. 50% 22 Axles India Limited 48% 15 Tai Ya Investment (HK) Co., Limited 50% 5 All others as a group 5 Investments in equity affiliates 99 Investments in affiliates carried at cost 24 Investments in affiliates $ 123

Note 2 - Disposal Group Held _3

Note 2 - Disposal Group Held for Sale (Details Textual) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Feb. 19, 2024
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	$ 1	$ 30
Discontinued Operations, Held-for-Sale [Member] \| European Hydraulics [Member] \| Off-Highway Segment [Member]
Disposal Group, Including Discontinued Operation, Consideration			$ 38
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down		$ 30

Note 2 - Disposal Group Held _4

Note 2 - Disposal Group Held for Sale (Details) $ in Millions	Jun. 30, 2024 USD ($)
Current assets of disposal group held for sale	$ 61
Current liabilities of disposal group held for sale	21
Noncurrent liabilities of disposal group held for sale	4
Discontinued Operations, Held-for-Sale [Member] \| European Hydraulics Business [Member]
Accounts receivable - Trade	17
Accounts receivable - Other	1
Inventories	43
Current assets of disposal group held for sale	61
Accounts payable	13
Accrued payroll and employee benefits	4
Current portion of operating lease liabilities	1
Other accrued liabilities	3
Current liabilities of disposal group held for sale	21
Noncurrent operating lease liabilities	1
Pension and postretirement obligations	3
Noncurrent liabilities of disposal group held for sale	$ 4

Note 3 - Goodwill and Other I_3

Note 3 - Goodwill and Other Intangible Assets - Changes in the Carrying Amount of Goodwill by Segment (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Balance	$ 263
Balance	256
Off-Highway Segment [Member]
Balance	263
Reclassified to disposal group held for sale	(2)
Currency impact	(5)
Balance	$ 256

Note 3 - Goodwill and Other I_4

Note 3 - Goodwill and Other Intangible Assets - Components of Other Intangible Assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Amortizable intangible assets, accumulated impairment and amortization	$ (582)	$ (582)
Intangible Assets, Gross (Excluding Goodwill)	745	764
Intangible Assets, Net (Excluding Goodwill)	163	182
Trademarks and Trade Names 1 [Member]
Non-amortizable intangible assets, gross	72	73
Non-amortizable intangible assets, net carrying amount	$ 72	73
Core Technology [Member]
Weighted average useful life (Year)	8 years
Amortizable intangible assets, gross carrying amount	$ 157	159
Amortizable intangible assets, accumulated impairment and amortization	(129)	(126)
Amortizable intangible assets, net carrying amount	$ 28	33
Trademarks and Trade Names [Member]
Weighted average useful life (Year)	13 years
Amortizable intangible assets, gross carrying amount	$ 25	29
Amortizable intangible assets, accumulated impairment and amortization	(15)	(15)
Amortizable intangible assets, net carrying amount	$ 10	14
Customer Relationships [Member]
Weighted average useful life (Year)	8 years
Amortizable intangible assets, gross carrying amount	$ 491	503
Amortizable intangible assets, accumulated impairment and amortization	(438)	(441)
Amortizable intangible assets, net carrying amount	$ 53	$ 62

Note 3 - Goodwill and Other I_5

Note 3 - Goodwill and Other Intangible Assets - Operating Segments Intangible assets (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Intangible Assets, Net (Excluding Goodwill)	$ 163	$ 182
Light Vehicle Segment [Member]
Intangible Assets, Net (Excluding Goodwill)	12
Commercial Vehicle Segment [Member]
Intangible Assets, Net (Excluding Goodwill)	55
Off-Highway Segment [Member]
Intangible Assets, Net (Excluding Goodwill)	93
Power Technologies Segment [Member]
Intangible Assets, Net (Excluding Goodwill)	$ 3

Note 3 - Goodwill and Other I_6

Note 3 - Goodwill and Other Intangible Assets - Amortization Expense Related to Amortizable Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Charged to cost of sales	$ 2	$ 2	$ 4	$ 4
Amortization of intangibles	4	4	7	7
Total amortization	$ 6	$ 6	$ 11	$ 11

Note 4 - Restructuring of Ope_3

Note 4 - Restructuring of Operations (Details Textual)	6 Months Ended
Note 4 - Restructuring of Operations (Details Textual)	Jun. 30, 2024
Restructuring and Related Cost, Expected Number of Positions Eliminated	500

Note 4 - Restructuring of Ope_4

Note 4 - Restructuring of Operations - Accrued Restructuring Costs and Activity (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2024	Jun. 30, 2024
Balance	$ 10	$ 10
Charges to restructuring	12	17
Cash payments	(6)	(11)
Balance	16	16
Employee Termination Benefits [Member]
Balance	10	10
Charges to restructuring	9	11
Cash payments	(3)	(5)
Balance	16	16
Exit Costs [Member]
Balance	0	0
Charges to restructuring	3	6
Cash payments	(3)	(6)
Balance	$ 0	$ 0

Note 5 - Supplemental Balance_3

Note 5 - Supplemental Balance Sheet and Cash Flow Information (Details Textual) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Supplier Finance Program, Obligation, Current	$ 73	$ 69

Note 5 - Supplemental Balance_4

Note 5 - Supplemental Balance Sheet and Cash Flow Information - Inventory Components (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Raw materials	$ 658	$ 681
Work in process and finished goods	944	995
Total	$ 1,602	$ 1,676

Note 5 - Supplemental Balance_5

Note 5 - Supplemental Balance Sheet and Cash Flow Information - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Cash and cash equivalents	$ 419	$ 529	$ 484	$ 425
Restricted cash included in other current assets	11	23	8	7
Restricted cash included in other noncurrent assets	10	11	11	10
Total cash, cash equivalents and restricted cash	$ 440	$ 563	$ 503	$ 442

Note 6 - Stockholders' Equity_2

Note 6 - Stockholders' Equity (Details Textual) - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024
Common Stock, Dividends, Per Share, Declared (in dollars per share)	$ 0.1	$ 0.1

Note 6 - Stockholders' Equity -

Note 6 - Stockholders' Equity - Changes In Equity (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
Balance	$ 1,604	$ 1,637	$ 1,658	$ 1,603
Net income (loss)	21	8	35	32
Other comprehensive income (loss)	(67)	(18)	(3)	40
Common stock dividends and dividend equivalents	(15)	(15)	(14)	(15)
Distributions to noncontrolling interests	(1)	(1)	(2)	(1)
Redeemable noncontrolling interests adjustment to redemption value	(5)	(8)		(1)
Stock compensation	7	5	7	8
Stock withheld for employee taxes		(4)		(8)
Balance	1,544	1,604	1,681	1,658
Common Stock [Member]
Balance	2	2	2	2
Balance	2	2	2	2
Additional Paid-in Capital [Member]
Balance	2,260	2,255	2,237	2,229
Stock compensation	7	5	7	8
Balance	2,267	2,260	2,244	2,237
Retained Earnings [Member]
Balance	297	317	333	321
Net income (loss)	16	3	30	28
Common stock dividends and dividend equivalents	(15)	(15)	(14)	(15)
Redeemable noncontrolling interests adjustment to redemption value	(5)	(8)		(1)
Balance	293	297	349	333
Treasury Stock, Common [Member]
Balance	(13)	(9)	(8)	0
Stock withheld for employee taxes		(4)		(8)
Balance	(13)	(13)	(8)	(8)
AOCI Attributable to Parent [Member]
Balance	(1,007)	(990)	(961)	(1,001)
Other comprehensive income (loss)	(67)	(17)	(3)	40
Balance	(1,074)	(1,007)	(964)	(961)
Noncontrolling Interest [Member]
Balance	65	62	55	52
Net income (loss)	5	5	5	4
Other comprehensive income (loss)		(1)
Distributions to noncontrolling interests	(1)	(1)	(2)	(1)
Balance	$ 69	$ 65	$ 58	$ 55

Note 6 - Stockholders' Equity_3

Note 6 - Stockholders' Equity - Changes in Each Component of Accumulated Other Comprehensive Income (AOCI) of the Parent (Details) - USD ($) $ in Millions	3 Months Ended							6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024		Jun. 30, 2023		Mar. 31, 2023		Jun. 30, 2024	Jun. 30, 2023
Balance	$ 1,604	$ 1,637		$ 1,658		$ 1,603		$ 1,637	$ 1,603
Other comprehensive income (loss)	(68)			(4)				(89)	37
Balance	1,544	1,604		1,681		1,658		1,544	1,681
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(884)	(868)		(871)		(895)		(868)	(895)
Currency translation adjustments	(45)	(16)		(6)		24
Other comprehensive income (loss)	(45)	(16)		(6)		24
Balance	(929)	(884)		(877)		(871)		(929)	(877)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	18	20		36		21		20	21
Holding gains and losses	(23)	9		10		16
Reclassification of amount to net income (a)	(8)	(11)	[1]	(7)	[2]
Other comprehensive income (loss)	(26)	(2)		3		15
Tax expense	5					(1)
Balance	(8)	18		39		36		(8)	39
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(141)	(142)		(126)		(127)		(142)	(127)
Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b)	2	1	[2]	1	[1]	1	[1]
Other comprehensive income (loss)	4	1		0		1
Other	3
Tax expense	(1)			(1)
Balance	(137)	(141)		(126)		(126)		(137)	(126)
AOCI Attributable to Parent [Member]
Balance	(1,007)	(990)		(961)		(1,001)		(990)	(1,001)
Currency translation adjustments	(45)	(16)		(6)		24
Holding gains and losses	(23)	9		10		16
Reclassification of amount to net income (a)	(8)	(11)	[1]	(7)	[2]
Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b)	2	1	[2]	1	[1]	1	[1]
Other comprehensive income (loss)	(67)	(17)		(3)		40
Other	3
Tax expense	4			(1)		(1)
Balance	$ (1,074)	$ (1,007)		$ (964)		$ (961)		$ (1,074)	$ (964)

[1]Realized gains and losses from currency-related forward contracts associated with forecasted transactions or from other derivative instruments treated as cash flow hedges are reclassified from AOCI into the same line item in the consolidated statement of operations in which the underlying forecasted transaction or other hedged item is recorded. See Note 12 for additional details.[2]See Note 10 for additional details.

Note 7 - Redeemable Noncontro_3

Note 7 - Redeemable Noncontrolling Interests (Details Textual)	Jun. 22, 2018
Dana TM4 [Member] \| Hydro-Québec [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	45%

Note 7 - Redeemable Noncontro_4

Note 7 - Redeemable Noncontrolling Interests - Reconciliation of Changes in Redeemable Noncontrolling Interests (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Balance, beginning of period	$ 197	$ 206	$ 191	$ 195
Capital contribution from redeemable noncontrolling interests	9	7	18	17
Adjustment to redemption value	5		13	1
Net income (loss) attributable to redeemable noncontrolling interests	(5)	1	(13)
Other comprehensive loss attributable to redeemable noncontrolling interests	(1)	(1)	(4)
Balance, end of period	$ 205	$ 213	$ 205	$ 213

Note 8 - Earnings Per Share (De

Note 8 - Earnings Per Share (Details Textual) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-Based Payment Arrangement [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	0.2	2	2.1	0.3

Note 8 - Earnings Per Share - R

Note 8 - Earnings Per Share - Reconciliation of the Numerators and Denominators of the Earnings Per Share Calculations (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net income available to common stockholders - Numerator basic and diluted	$ 16	$ 30	$ 19	$ 58
Basic (in shares)	145	144.3	144.9	144.1
Employee compensation-related shares (in shares)	0.1	0.1	0	0.2
Weighted-average common shares outstanding - Diluted (in shares)	145.1	144.4	144.9	144.3

Note 9 - Stock Compensation (De

Note 9 - Stock Compensation (Details Textual) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-Based Payment Arrangement, Expense	$ 8	$ 8	$ 14	$ 14
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 42		$ 42
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			1 year 10 months 24 days
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			4.39%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate			2.70%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate			47.70%
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Share-Based Liabilities Paid			$ 2
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares)			0.9

Note 9 - Stock Compensation - G

Note 9 - Stock Compensation - Granted Awards Activity (Details) shares in Millions	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Restricted Stock Units (RSUs) [Member]
Granted (in shares) \| shares	1.6
Grant Date Fair Value (in dollars per share) \| $ / shares	$ 13.22	[1]
Performance Share Units [Member]
Granted (in shares) \| shares	0.7
Grant Date Fair Value (in dollars per share) \| $ / shares	$ 13.31	[1]

[1]Weighted-average per share

Note 10 - Pension and Postret_3

Note 10 - Pension and Postretirement Benefit Plans - Components of Net Periodic Benefit Cost (Credit) and Other Amounts Recognized in OCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
UNITED STATES \| Pension Plan [Member]
Interest cost	$ 6	$ 7	$ 13	$ 14
Expected return on plan assets	(8)	(7)	(15)	(15)
Amortization of net actuarial loss (gain)	1	2	3	4
Net periodic benefit (credit) cost	(1)	2	1	3
Foreign Plan [Member] \| Pension Plan [Member]
Interest cost	4	3	7	6
Expected return on plan assets	(1)	(1)	(2)	(2)
Service cost	1	2	3	3
Net periodic benefit (credit) cost	4	4	8	7
Foreign Plan [Member] \| Other Postretirement Benefits Plan [Member]
Interest cost	0	0	1	1
Amortization of net actuarial loss (gain)		(1)	(1)	(2)
Net periodic benefit (credit) cost	$ 0	$ (1)	$ 0	$ (1)

Note 11 - Financing Agreement_2

Note 11 - Financing Agreements (Details Textual) $ in Thousands, € in Millions						3 Months Ended		6 Months Ended
		Jun. 09, 2023 USD ($)	May 24, 2023 USD ($)	May 24, 2023 EUR (€)	Mar. 14, 2023 USD ($) Rate	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) Rate	Jun. 30, 2023 USD ($)	May 24, 2023 EUR (€)
Gain (Loss) on Extinguishment of Debt \| $							$ (1,000)		$ (1,000)
Revolving Credit Facility [Member]
Debt Issuance Costs, Gross \| $					$ 2,000
Long-Term Line of Credit \| $						0		0
Letters of Credit Outstanding, Amount \| $						9,000		9,000
Line of Credit Facility, Remaining Borrowing Capacity \| $						$ 1,141,000		$ 1,141,000
Debt Instrument, Covenant, Maximum First Lien Net Leverage Ratio								2
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity \| $					$ 275,000
Line of Credit Facility, Commitment Fee Percentage (Rate) \| Rate					0.125%
Senior Notes Due April 15, 2025 [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1]					5.75%		5.75%
Repayments of Debt \| $		$ 200,000
Debt Instrument, Redemption Price, Percentage		100%
Gain (Loss) on Extinguishment of Debt \| $		$ (1,000)
Senior Notes Due July 15, 2031 [Member]
Debt Instrument, Face Amount			$ 458,000							€ 425
Debt Instrument, Interest Rate, Stated Percentage			8.50%			8.50%		8.50%		8.50%
Proceeds from Debt, Net of Issuance Costs			$ 451,000	€ 419
Debt Issuance Costs, Gross			$ 7,000							€ 6
Debt Instrument, Redemption Price, Percentage \| Rate								100%
Senior Notes Due July 15, 2031 [Member] \| Redeem up to 40% of Aggregate Principle Amount [Member]
Debt Instrument, Redemption Price, Percentage								108.50%
Senior Notes Due July 15, 2031 [Member] \| Redeem up to 40% of Aggregate Principle Amount [Member] \| Minimum [Member]
Debt Instrument, Percentage of Principal Amount Outstanding (Rate) \| Rate								50%
Senior Notes Due July 15, 2029 [Member]
Debt Instrument, Interest Rate, Stated Percentage						3%		3%
Debt Instrument, Redemption Price, Percentage								100%
Senior Notes Due July 15, 2029 [Member] \| Redeem up to 40% of Aggregate Principle Amount [Member]
Debt Instrument, Redemption Price, Percentage								103%
Senior Notes Due July 15, 2029 [Member] \| Redeem up to 40% of Aggregate Principle Amount [Member] \| Minimum [Member]
Debt Instrument, Percentage of Principal Amount Outstanding (Rate) \| Rate								50%
Senior Notes Due September 1, 2030 [Member]
Debt Instrument, Interest Rate, Stated Percentage						4.25%		4.25%
Debt Instrument, Redemption Price, Percentage \| Rate								100%
Senior Notes due February 15, 2032 [Member]
Debt Instrument, Interest Rate, Stated Percentage						4.50%		4.50%
Debt Instrument, Redemption Price, Percentage \| Rate								100%
Senior Notes due February 15, 2032 [Member] \| Redeem up to 40% of Aggregate Principle Amount [Member]
Debt Instrument, Redemption Price, Percentage \| Rate								104.50%
Senior Notes due February 15, 2032 [Member] \| Redeem up to 40% of Aggregate Principle Amount [Member] \| Minimum [Member]
Debt Instrument, Percentage of Principal Amount Outstanding (Rate) \| Rate								50%
Currency Swap [Member] \| Senior Notes Due April 15, 2025 [Member] \| Cash Flow Hedging [Member]
Derivative, Term of Contract (Year)								8 years
Derivative, Fixed Interest Rate						3.85%		3.85%
Debt Instrument, Interest Rate, Stated Percentage						5.75%		5.75%

[1]In conjunction with the issuance of the April 2025 Notes, we entered into 8-year fixed-to-fixed cross-currency swaps which have the effect of economically converting the April 2025 Notes to euro-denominated debt at a fixed rate of 3.850%. See Note 12 for additional information.

Note 11 - Financing Agreement_3

Note 11 - Financing Agreements - Long-term Debt (Details) - USD ($) $ in Millions		Jun. 30, 2024	Dec. 31, 2023	May 24, 2023
Debt issuance costs		$ (22)	$ (24)
Long-term debt		2,597	2,633
Less: Current portion of long-term debt		211	35
Long-term debt, less debt issuance costs		$ 2,386	2,598
Senior Notes Due April 15, 2025 [Member]
Long-term debt, interest rate	[1]	5.75%
Long-term debt, gross		$ 200	200
Senior Notes due November 15, 2027 [Member]
Long-term debt, interest rate		5.375%
Long-term debt, gross		$ 400	400
Senior Notes due June 15, 2028 [Member]
Long-term debt, interest rate		5.625%
Long-term debt, gross		$ 400	400
Senior Notes Due July 15, 2029 [Member]
Long-term debt, interest rate		3%
Long-term debt, gross		$ 348	359
Senior Notes Due September 1, 2030 [Member]
Long-term debt, interest rate		4.25%
Long-term debt, gross		$ 400	400
Senior Notes Due July 15, 2031 [Member]
Long-term debt, interest rate		8.50%		8.50%
Long-term debt, gross		$ 455	469
Senior Notes due February 15, 2032 [Member]
Long-term debt, interest rate		4.50%
Long-term debt, gross		$ 350	350
Other Indebtedness [Member]
Long-term debt, gross		$ 66	$ 79

[1]In conjunction with the issuance of the April 2025 Notes, we entered into 8-year fixed-to-fixed cross-currency swaps which have the effect of economically converting the April 2025 Notes to euro-denominated debt at a fixed rate of 3.850%. See Note 12 for additional information.

Note 11 - Financing Agreement_4

Note 11 - Financing Agreements - Debt Instrument Redemption (Details)		6 Months Ended
	Jun. 09, 2023	Jun. 30, 2024 Rate
Senior Notes Due April 15, 2025 [Member]
Debt Instrument, Redemption Price, Percentage	100%
Senior Notes Due July 15, 2029 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Senior Notes Due September 1, 2030 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Senior Notes Due July 15, 2031 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Senior Notes due February 15, 2032 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period One [Member] \| Senior Notes due November 15, 2027 [Member]
Debt Instrument, Redemption Price, Percentage		101.344%
Debt Instrument, Redemption, Period One [Member] \| Senior Notes due June 15, 2028 [Member]
Debt Instrument, Redemption Price, Percentage		102.813%
Debt Instrument, Redemption, Period Two [Member] \| Senior Notes due November 15, 2027 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Two [Member] \| Senior Notes due June 15, 2028 [Member]
Debt Instrument, Redemption Price, Percentage		101.406%
Debt Instrument, Redemption, Period Two [Member] \| Senior Notes Due April 15, 2025 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Two [Member] \| Senior Notes Due July 15, 2029 [Member]
Debt Instrument, Redemption Price, Percentage		101.50%
Debt Instrument, Redemption, Period Three [Member] \| Senior Notes due November 15, 2027 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Three [Member] \| Senior Notes due June 15, 2028 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Three [Member] \| Senior Notes Due July 15, 2029 [Member]
Debt Instrument, Redemption Price, Percentage		100.75%
Debt Instrument, Redemption, Period Four [Member] \| Senior Notes due November 15, 2027 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Four [Member] \| Senior Notes due June 15, 2028 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Four [Member] \| Senior Notes Due July 15, 2029 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Four [Member] \| Senior Notes Due September 1, 2030 [Member]
Debt Instrument, Redemption Price, Percentage		102.125%
Debt Instrument, Redemption, Period Four [Member] \| Senior Notes Due July 15, 2031 [Member]
Debt Instrument, Redemption Price, Percentage		104.25%
Debt Instrument, Redemption, Period Five [Member] \| Senior Notes due June 15, 2028 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Five [Member] \| Senior Notes Due July 15, 2029 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Five [Member] \| Senior Notes Due September 1, 2030 [Member]
Debt Instrument, Redemption Price, Percentage		101.417%
Debt Instrument, Redemption, Period Five [Member] \| Senior Notes Due July 15, 2031 [Member]
Debt Instrument, Redemption Price, Percentage		102.125%
Debt Instrument, Redemption, Period Five [Member] \| Senior Notes due February 15, 2032 [Member]
Debt Instrument, Redemption Price, Percentage		102.25%
Debt Instrument, Redemption, Period Six [Member] \| Senior Notes Due July 15, 2029 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Six [Member] \| Senior Notes Due September 1, 2030 [Member]
Debt Instrument, Redemption Price, Percentage		100.708%
Debt Instrument, Redemption, Period Six [Member] \| Senior Notes Due July 15, 2031 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Six [Member] \| Senior Notes due February 15, 2032 [Member]
Debt Instrument, Redemption Price, Percentage		101.50%
Debt Instrument, Redemption, Period Seven [Member] \| Senior Notes Due September 1, 2030 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Seven [Member] \| Senior Notes Due July 15, 2031 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Seven [Member] \| Senior Notes due February 15, 2032 [Member]
Debt Instrument, Redemption Price, Percentage		100.75%
Debt Instrument, Redemption, Period Eight [Member] \| Senior Notes Due July 15, 2031 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Eight [Member] \| Senior Notes due February 15, 2032 [Member]
Debt Instrument, Redemption Price, Percentage		100%
Debt Instrument, Redemption, Period Nine [Member] \| Senior Notes due February 15, 2032 [Member]
Debt Instrument, Redemption Price, Percentage		100%

Note 11 - Financing Agreement_5

Note 11 - Financing Agreements - Revolving Facility Margins (Details) - Revolving Credit Facility [Member]	6 Months Ended
	Jun. 30, 2024
Base Rate [Member] \| Total Net Leverage Ratio is Less than or Equal to 1.00:1.00 [Member]
Margin	0.25%
Base Rate [Member] \| Total Net Leverage Ratio is Greater than 1.00:1.00 but Less than or Equal to 2.00:1.00 [Member]
Margin	0.50%
Base Rate [Member] \| Total Net Leverage Ratio is Greater than 2.00:1.00 [Member]
Margin	0.75%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] \| Total Net Leverage Ratio is Less than or Equal to 1.00:1.00 [Member]
Margin	1.25%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] \| Total Net Leverage Ratio is Greater than 1.00:1.00 but Less than or Equal to 2.00:1.00 [Member]
Margin	1.50%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] \| Total Net Leverage Ratio is Greater than 2.00:1.00 [Member]
Margin	1.75%

Note 11 - Financing Agreement_6

Note 11 - Financing Agreements - Revolving Facility Commitment Fees (Details) - Revolving Credit Facility [Member]	6 Months Ended
	Jun. 30, 2024
Total Net Leverage Ratio is Less than or Equal to 1.00:1.00 [Member]
Commitment fee	0.25%
Total Net Leverage Ratio is Greater than 1.00:1.00 but Less than or Equal to 2.00:1.00 [Member]
Commitment fee	0.375%
Total Net Leverage Ratio is Greater than 2.00:1.00 [Member]
Commitment fee	0.50%

Note 12 - Fair Value Measurem_3

Note 12 - Fair Value Measurements and Derivatives (Details Textual) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Foreign Exchange Forward [Member]
Derivative, Notional Amount	$ 1,014	$ 776
Foreign Exchange Forward [Member] \| Designated as Hedging Instrument [Member]
Derivative, Notional Amount	788
Foreign Exchange Forward [Member] \| Designated as Hedging Instrument [Member] \| Net Investment Hedging [Member]
Derivative, Notional Amount	100
Currency Swap [Member]
Derivative, Notional Amount	967	$ 981
Currency Swap [Member] \| Designated as Hedging Instrument [Member]
Derivative, Notional Amount	$ 598

Note 12 - Fair Value Measurem_4

Note 12 - Fair Value Measurements and Derivatives - Fair Value Measurements on a Recurring Basis (Details) - Fair Value, Recurring [Member] - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Foreign Exchange Forward [Member] \| Not Designated as Hedging Instrument [Member]
Derivative assets	$ 2	$ 3
Derivative liabilities	3	5
Currency Swap [Member] \| Not Designated as Hedging Instrument [Member]
Derivative liabilities	7	9
Cash Flow Hedging [Member] \| Foreign Exchange Forward [Member]
Derivative assets	5	43
Derivative liabilities	12	7
Cash Flow Hedging [Member] \| Currency Swap [Member]
Derivative assets	$ 6
Derivative liabilities		$ 11

Note 12 - Fair Value Measurem_5

Note 12 - Fair Value Measurements and Derivatives - Fair Value of Financial Instruments (Details) - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Reported Value Measurement [Member]
Long-term debt	$ 2,536	$ 2,582
Estimate of Fair Value Measurement [Member]
Long-term debt	$ 2,441	$ 2,495

Note 12 - Fair Value Measurem_6

Note 12 - Fair Value Measurements and Derivatives - Outstanding Fixed-to-fixed Cross-currency Swaps (Details) € in Millions, $ in Millions		Jun. 30, 2024 USD ($)	Jun. 30, 2024 EUR (€)	Dec. 31, 2023 USD ($)
Currency Swap [Member]
Notional amount		$ 967		$ 981
Currency Swap [Member] \| Not Designated as Hedging Instrument [Member]
Notional amount		369
Currency Swap [Member] \| Undesignated 2026 Swap [Member] \| Not Designated as Hedging Instrument [Member]
Notional amount		$ 188	€ 169
Inflow rate		6.50%	6.50%
Outflow rate		5.14%	5.14%
Currency Swap [Member] \| Undesignated Offset 2026 Swap [Member] \| Not Designated as Hedging Instrument [Member]
Notional amount		$ 188	€ 169
Inflow rate		3.13%	3.13%
Outflow rate		6.50%	6.50%
Currency Swap [Member] \| Cash Flow Hedging [Member] \| Luxembourg Intercompany Notes [Member]
Face amount \| €			€ 93
Notional amount		$ 100	€ 93
Inflow rate		5.75%	5.75%
Outflow rate		3.85%	3.85%
Rate		3.85%	3.85%
Currency Swap [Member] \| Cash Flow Hedging [Member] \| Luxembourg Intercompany Notes, Two [Member]
Face amount \| €			€ 278
Notional amount		$ 300	€ 278
Inflow rate		5.38%	5.38%
Outflow rate		3.70%	3.70%
Rate		3.70%	3.70%
Senior Notes Due April 15, 2025 [Member]
Rate	[1]	5.75%	5.75%
Senior Notes Due April 15, 2025 [Member] \| Currency Swap [Member] \| Cash Flow Hedging [Member]
Face amount		$ 200
Rate		5.75%	5.75%
Notional amount		$ 200	€ 185
Inflow rate		5.75%	5.75%
Outflow rate		3.85%	3.85%

[1]In conjunction with the issuance of the April 2025 Notes, we entered into 8-year fixed-to-fixed cross-currency swaps which have the effect of economically converting the April 2025 Notes to euro-denominated debt at a fixed rate of 3.850%. See Note 12 for additional information.

Note 12 - Fair Value Measurem_7

Note 12 - Fair Value Measurements and Derivatives - Outstanding Currency Derivatives (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
US Dollar Foreign Exchange Forward [Member]
Notional amount	$ 447
Euro Foreign Exchange Forward [Member]
Notional amount	325
Indian Rupee Foreign Exchange Forward [Member]
Notional amount	97
Brazilian Real Foreign Exchange Forward [Member]
Notional amount	62
South African Rand Foreign Exchange Forward [Member]
Notional amount	21
Canadian Dollar Foreign Exchange Forward [Member]
Notional amount	18
Thai Baht Foreign Exchange Forward [Member]
Notional amount	16
British Pound Foreign Exchange Forward [Member]
Notional amount	13
Chinese Renminbi Foreign Exchange Forward [Member]
Notional amount	9
Mexican Peso Foreign Exchange Forward [Member]
Notional amount	3
Swedish Krona Foreign Exchange Forward [Member]
Notional amount	2
Australian Dollar Foreign Exchange Forward [Member]
Notional amount	1
Foreign Exchange Forward [Member]
Notional amount	1,014	$ 776
US Dollar Currency Swap [Member]
Notional amount	479
Euro Currency Swap [Member]
Notional amount	488
Currency Swap [Member]
Notional amount	967	$ 981
Foreign Exchange Contract [Member]
Notional amount	1,981
Designated as Hedging Instrument [Member] \| US Dollar Foreign Exchange Forward [Member]
Notional amount	426
Designated as Hedging Instrument [Member] \| Euro Foreign Exchange Forward [Member]
Notional amount	293
Designated as Hedging Instrument [Member] \| Brazilian Real Foreign Exchange Forward [Member]
Notional amount	56
Designated as Hedging Instrument [Member] \| Canadian Dollar Foreign Exchange Forward [Member]
Notional amount	1
Designated as Hedging Instrument [Member] \| Thai Baht Foreign Exchange Forward [Member]
Notional amount	6
Designated as Hedging Instrument [Member] \| British Pound Foreign Exchange Forward [Member]
Notional amount	6
Designated as Hedging Instrument [Member] \| Foreign Exchange Forward [Member]
Notional amount	788
Designated as Hedging Instrument [Member] \| US Dollar Currency Swap [Member]
Notional amount	298
Designated as Hedging Instrument [Member] \| Euro Currency Swap [Member]
Notional amount	300
Designated as Hedging Instrument [Member] \| Currency Swap [Member]
Notional amount	598
Designated as Hedging Instrument [Member] \| Foreign Exchange Contract [Member]
Notional amount	1,386
Not Designated as Hedging Instrument [Member] \| US Dollar Foreign Exchange Forward [Member]
Notional amount	21
Not Designated as Hedging Instrument [Member] \| Euro Foreign Exchange Forward [Member]
Notional amount	32
Not Designated as Hedging Instrument [Member] \| Indian Rupee Foreign Exchange Forward [Member]
Notional amount	97
Not Designated as Hedging Instrument [Member] \| Brazilian Real Foreign Exchange Forward [Member]
Notional amount	6
Not Designated as Hedging Instrument [Member] \| South African Rand Foreign Exchange Forward [Member]
Notional amount	21
Not Designated as Hedging Instrument [Member] \| Canadian Dollar Foreign Exchange Forward [Member]
Notional amount	17
Not Designated as Hedging Instrument [Member] \| Thai Baht Foreign Exchange Forward [Member]
Notional amount	10
Not Designated as Hedging Instrument [Member] \| British Pound Foreign Exchange Forward [Member]
Notional amount	7
Not Designated as Hedging Instrument [Member] \| Chinese Renminbi Foreign Exchange Forward [Member]
Notional amount	9
Not Designated as Hedging Instrument [Member] \| Mexican Peso Foreign Exchange Forward [Member]
Notional amount	3
Not Designated as Hedging Instrument [Member] \| Swedish Krona Foreign Exchange Forward [Member]
Notional amount	2
Not Designated as Hedging Instrument [Member] \| Australian Dollar Foreign Exchange Forward [Member]
Notional amount	1
Not Designated as Hedging Instrument [Member] \| Foreign Exchange Forward [Member]
Notional amount	226
Not Designated as Hedging Instrument [Member] \| US Dollar Currency Swap [Member]
Notional amount	181
Not Designated as Hedging Instrument [Member] \| Euro Currency Swap [Member]
Notional amount	188
Not Designated as Hedging Instrument [Member] \| Currency Swap [Member]
Notional amount	369
Not Designated as Hedging Instrument [Member] \| Foreign Exchange Contract [Member]
Notional amount	$ 595

Note 12 - Fair Value Measurem_8

Note 12 - Fair Value Measurements and Derivatives - Summary of Deferred Gains (Losses) Reported in AOCI (Details) - Cash Flow Hedging [Member] - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Deferred gain (loss) in AOCI	$ 12	$ 21
Gain (loss) expected to be reclassified into income in one year or less	12
Foreign Exchange Forward [Member]
Deferred gain (loss) in AOCI	12	20
Gain (loss) expected to be reclassified into income in one year or less	$ 12
Currency Swap [Member]
Deferred gain (loss) in AOCI		$ 1

Note 12 - Fair Value Measurem_9

Note 12 - Fair Value Measurements and Derivatives - Location and Amount of Gain or (Loss) Recognized in Income on Cash Flow Hedging Relationships (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net sales	$ 2,738	$ 2,748	$ 5,473	$ 5,392
Cost of sales	2,483	2,477	4,974	4,892
Other income (expense), net	(2)	4	0	9
Foreign Exchange Forward [Member] \| Cash Flow Hedging [Member] \| Cost of Sales [Member]
Amount of (gain) loss reclassified from AOCI into income	(7)	(8)	(16)	(13)
Foreign Exchange Forward [Member] \| Cash Flow Hedging [Member] \| Other Income (Expense) [Member]
Amount of (gain) loss reclassified from AOCI into income	4	(3)	15	(5)
Currency Swap [Member] \| Cash Flow Hedging [Member] \| Other Income (Expense) [Member]
Amount of (gain) loss reclassified from AOCI into income	$ (4)	$ 5	$ (18)	$ 12

Note 12 - Fair Value Measure_10

Note 12 - Fair Value Measurements and Derivatives - Location and Amount of Gain or (Loss) Recognized in Income on Undesignated Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Cost of Sales [Member]
Gain (loss) recognized in income on foreign currency derivatives not designated as hedging instruments	$ 2	$ 1	$ 2	$ 0
Other Income (Expense) [Member]
Gain (loss) recognized in income on foreign currency derivatives not designated as hedging instruments	$ (1)	$ (10)	$ 1	$ (7)

Note 13 - Commitments and Con_2

Note 13 - Commitments and Contingencies (Details Textual) $ in Millions	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2010 USD ($)
Accrual for Environmental Loss Contingencies	$ 5	$ 6
Property Lease Guarantee [Member] \| Structural Products [Member]
Guarantee of Lease Obligations, Number of Leases Assigned			3
Guarantee Obligations, Other Contracts			$ 6

Note 14 - Warranty Obligation_2

Note 14 - Warranty Obligations - Changes in Warranty Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Balance	$ 115	$ 108	$ 116	$ 108
Amounts accrued for current period sales	12	13	22	23
Adjustments of prior estimates	8		10	8
Settlements of warranty claims	(18)	(15)	(30)	(32)
Currency impact			(1)	(1)
Balance	$ 117	$ 106	$ 117	$ 106

Note 15 - Income Taxes (Details

Note 15 - Income Taxes (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Expense (Benefit)	$ 54	$ 55	$ 91	$ 85
Effective Income Tax Rate Reconciliation, Percent			89%	57%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21%
Foreign Tax Jurisdiction [Member]
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount			$ 11
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount			$ 11
Effective Income Tax Rate Reconciliation, Prior Year Income Taxes, Amount		$ 19

Note 16 - Other Income (Expen_3

Note 16 - Other Income (Expense), Net - Other Income (Expense), Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Non-service cost components of pension and OPEB costs	$ (2)	$ (3)	$ (6)	$ (6)
Government assistance	2	7	3	8
Foreign exchange gain (loss)	(5)	(3)	(4)	1
Strategic transaction expenses	(2)	(1)	(4)	(2)
Other, net	5	4	11	8
Other income (expense), net	$ (2)	$ 4	$ 0	$ 9

Note 17 - Revenue From Contra_3

Note 17 - Revenue From Contracts With Customers (Details Textual) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Contract with Customer, Receivable, after Allowance for Credit Loss	$ 6	$ 5
Contract with Customer, Receivable, after Allowance for Credit Loss, Noncurrent	29	34
Contract with Customer, Liability, Current	$ 39	$ 50
Maximum [Member]
Customer Payment Terms (Day)	180 days

Note 17 - Revenue From Contra_4

Note 17 - Revenue From Contracts With Customers - Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net sales	$ 2,738	$ 2,748	$ 5,473	$ 5,392
Light Vehicle Segment [Member]
Net sales	1,132	1,066	2,230	2,028
Commercial Vehicle Segment [Member]
Net sales	527	526	1,051	1,048
Off-Highway Segment [Member]
Net sales	746	842	1,527	1,684
Power Technologies Segment [Member]
Net sales	333	314	665	632
North America [Member]
Net sales	1,342	1,266	2,669	2,449
North America [Member] \| Light Vehicle Segment [Member]
Net sales	758	728	1,513	1,368
North America [Member] \| Commercial Vehicle Segment [Member]
Net sales	297	290	590	577
North America [Member] \| Off-Highway Segment [Member]
Net sales	94	89	186	186
North America [Member] \| Power Technologies Segment [Member]
Net sales	193	159	380	318
Europe [Member]
Net sales	840	947	1,715	1,867
Europe [Member] \| Light Vehicle Segment [Member]
Net sales	160	142	309	274
Europe [Member] \| Commercial Vehicle Segment [Member]
Net sales	74	83	158	164
Europe [Member] \| Off-Highway Segment [Member]
Net sales	492	593	1,017	1,166
Europe [Member] \| Power Technologies Segment [Member]
Net sales	114	129	231	263
South America [Member]
Net sales	205	171	389	339
South America [Member] \| Light Vehicle Segment [Member]
Net sales	76	59	138	112
South America [Member] \| Commercial Vehicle Segment [Member]
Net sales	117	98	226	201
South America [Member] \| Off-Highway Segment [Member]
Net sales	6	6	11	10
South America [Member] \| Power Technologies Segment [Member]
Net sales	6	8	14	16
Asia Pacific [Member]
Net sales	351	364	700	737
Asia Pacific [Member] \| Light Vehicle Segment [Member]
Net sales	138	137	270	274
Asia Pacific [Member] \| Commercial Vehicle Segment [Member]
Net sales	39	55	77	106
Asia Pacific [Member] \| Off-Highway Segment [Member]
Net sales	154	154	313	322
Asia Pacific [Member] \| Power Technologies Segment [Member]
Net sales	$ 20	$ 18	$ 40	$ 35

Note 18 - Segments (Details Tex

Note 18 - Segments (Details Textual)	6 Months Ended
Note 18 - Segments (Details Textual)	Jun. 30, 2024
Number of Operating Segments	4

Note 18 - Segments - Segment In

Note 18 - Segments - Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net sales	$ 2,738	$ 2,748	$ 5,473	$ 5,392
Segment EBITDA	245	244	471	451
Operating Segments [Member]
Net sales	2,738	2,748	5,473	5,392
Segment EBITDA	245	244	471	451
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]
Net sales	0	0	0	0
Light Vehicle Segment [Member]
Net sales	1,132	1,066	2,230	2,028
Light Vehicle Segment [Member] \| Operating Segments [Member]
Net sales	1,132	1,066	2,230	2,028
Segment EBITDA	84	66	151	115
Light Vehicle Segment [Member] \| Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]
Net sales	48	46	99	98
Commercial Vehicle Segment [Member]
Net sales	527	526	1,051	1,048
Commercial Vehicle Segment [Member] \| Operating Segments [Member]
Net sales	527	526	1,051	1,048
Segment EBITDA	23	28	40	45
Commercial Vehicle Segment [Member] \| Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]
Net sales	28	31	57	63
Off-Highway Segment [Member]
Net sales	746	842	1,527	1,684
Off-Highway Segment [Member] \| Operating Segments [Member]
Net sales	746	842	1,527	1,684
Segment EBITDA	116	131	231	249
Off-Highway Segment [Member] \| Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]
Net sales	16	16	33	33
Power Technologies Segment [Member]
Net sales	333	314	665	632
Power Technologies Segment [Member] \| Operating Segments [Member]
Net sales	333	314	665	632
Segment EBITDA	22	19	49	42
Power Technologies Segment [Member] \| Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]
Net sales	6	6	12	14
Eliminations and Other [Member] \| Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment [Member]
Net sales	$ (98)	$ (99)	$ (201)	$ (208)

Note 18 - Segments - Reconcilia

Note 18 - Segments - Reconciliation of Segment EBITDA to Consolidated Net Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment EBITDA	$ 245	$ 244	$ 471	$ 451
Corporate expense and other items, net	(1)	(1)	(4)	(4)
Depreciation	(106)	(94)	(207)	(186)
Amortization	(6)	(6)	(11)	(11)
Non-service cost components of pension and OPEB costs	(2)	(3)	(6)	(6)
Restructuring charges, net	(12)	(3)	(17)	(4)
Stock compensation expense	(8)	(8)	(14)	(14)
Strategic transaction expenses	(2)	(1)	(4)	(2)
Distressed supplier costs		(4)		(12)
Loss on disposal group held for sale	(1)		(30)
Other items	(3)		(4)	2
Earnings before interest and income taxes	104	124	174	214
Loss on extinguishment of debt		(1)		(1)
Interest income	2	5	6	9
Interest expense	39	39	78	73
Earnings before income taxes	67	89	102	149
Income tax expense	54	55	91	85
Equity in earnings of affiliates	3	2	5	3
Net income	$ 16	$ 36	$ 16	$ 67

Note 19 - Equity Affiliates - E

Note 19 - Equity Affiliates - Equity Method Investments (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Investments in equity affiliates	$ 99
Investments in affiliates carried at cost	24
Investments in affiliates	$ 123	$ 123
Dongfeng Dana Axle Co., Ltd. (DDAC) [Member]
Investments in equity affiliates, ownership percentage	50%
Investments in equity affiliates	$ 52
ROC-Spicer, Ltd. [Member]
Investments in equity affiliates, ownership percentage	50%
Investments in equity affiliates	$ 22
Axles India Limited [Member]
Investments in equity affiliates, ownership percentage	48%
Investments in equity affiliates	$ 15
Tai Ya Investment (HK) Co., Limited [Member]
Investments in equity affiliates, ownership percentage	50%
Investments in equity affiliates	$ 5
All Others as a Group [Member]
Investments in equity affiliates	$ 5