Dana (DAN) 10-Q 23 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 10, 2015
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	DAN
Entity Registrant Name	DANA HOLDING CORP
Entity Central Index Key	26,780
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		160,279,736

Consolidated Statement Of Opera

Consolidated Statement Of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net sales	$ 1,609	$ 1,710	$ 3,217	$ 3,398
Costs and expenses
Cost of sales	1,373	1,462	2,753	2,916
Selling, general and administrative expenses	101	108	201	213
Amortization of intangibles	4	10	9	23
Restructuring charges, net	$ 11	$ 3	12	$ 12
Loss on extinguishment of debt			(2)
Other income, net	$ 4	$ 21	16	$ 15
Income from continuing operations before interest expense and income taxes	124	148	256	249
Interest expense	27	29	55	59
Income from continuing operations before income taxes	97	119	201	190
Income tax expense	36	33	67	67
Equity in earnings of affiliates	2	6	3	7
Income from continuing operations	63	92	137	130
Loss from discontinued operations	0	(2)	0	(3)
Net income	63	90	137	127
Less: Noncontrolling interests net income	4	4	15	7
Net income attributable to the parent company	$ 59	86	$ 122	120
Preferred stock dividend requirements		2		5
Net income available to common stockholders	$ 59	$ 84	$ 122	$ 115
Basic:
Income from continuing operations	$ 0.36	$ 0.55	$ 0.75	$ 0.77
Loss from discontinued operations	0	(0.01)	0	(0.02)
Net income	0.36	0.54	0.75	0.75
Diluted:
Income from continuing operations	0.36	0.50	0.74	0.70
Loss from discontinued operations	0	(0.01)	0	(0.02)
Net income	$ 0.36	$ 0.49	$ 0.74	$ 0.68
Weighted-average common shares outstanding
Basic	162.1	156.7	163.4	153.7
Diluted	163.2	175.1	164.6	176
Dividends declared per common share	$ 0.06	$ 0.05	$ 0.11	$ 0.10

Consolidated Statement Of Compr

Consolidated Statement Of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net income	$ 63	$ 90	$ 137	$ 127
Less: Noncontrolling interests net income	4	4	15	7
Net income attributable to the parent company	59	86	122	120
Other comprehensive income (loss) attributable to the parent company, net of tax:
Currency translation adjustments	14	14	(85)	2
Hedging gains and losses	3	1	$ 2	1
Investment and other gains and losses	(1)	3		3
Defined benefit plans	7	3	$ 23	10
Other comprehensive income (loss) attributable to the parent company	23	21	(60)	$ 16
Other comprehensive income (loss) attributable to noncontrolling interests, net of tax:
Currency translation adjustments	(2)	1	(2)
Defined benefit plans			1
Other comprehensive income (loss) attributable to noncontrolling interests	(2)	1	(1)	$ 0
Total comprehensive income attributable to the parent company	82	107	62	136
Total comprehensive income attributable to noncontrolling interests	2	5	14	7
Total comprehensive income	$ 84	$ 112	$ 76	$ 143

Consolidated Balance Sheet (Una

Consolidated Balance Sheet (Unaudited) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets [Abstract]
Cash and cash equivalents	$ 894	$ 1,121
Marketable securities	169	169
Accounts receivable [Abstract]
Trade, less allowance for doubtful accounts of $5 in 2015 and $6 in 2014	881	755
Other	110	117
Inventories [Abstract]
Raw materials	335	304
Work in process and finished goods	360	350
Other current assets	130	111
Current assets of disposal group held for sale		27
Total current assets	2,879	2,954
Goodwill	82	90
Intangibles	150	169
Other noncurrent assets	316	337
Investments in affiliates	195	204
Property, plant and equipment, net	1,168	1,176
Total assets	4,790	4,930
Current liabilities [Abstract]
Notes payable, including current portion of long-term debt	51	65
Accounts payable	860	791
Accrued payroll and employee benefits	147	158
Taxes on income	57	32
Other accrued liabilities	187	194
Current liabilities of disposal group held for sale		21
Total current liabilities	1,302	1,261
Long-term debt	1,570	1,613
Pension and postretirement obligations	532	580
Other noncurrent liabilities	277	279
Noncurrent liabilities of disposal group held for sale		17
Total liabilities	$ 3,681	$ 3,750
Commitments and contingencies (Note 12)
Parent company stockholders' equity
Preferred stock, 50,000,000 shares authorized, $0.01 par value, zero shares outstanding	$ 0	$ 0
Common stock, 450,000,000 shares authorized, $0.01 par value, 160,631,551 and 166,070,057 shares outstanding	2	2
Additional paid-in capital	2,650	2,640
Accumulated deficit	(428)	(532)
Treasury stock, at cost (7,532,298 and 1,588,990 shares)	(161)	(33)
Accumulated other comprehensive loss	(1,057)	(997)
Total parent company stockholders' equity	1,006	1,080
Noncontrolling equity	103	100
Total equity	1,109	1,180
Total liabilities and equity	$ 4,790	$ 4,930

Consolidated Balance Sheet (Par

Consolidated Balance Sheet (Parenthetical) (Unaudited) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Trade, allowance for doubtful accounts	$ 5	$ 6
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	450,000,000	450,000,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, outstanding	160,631,551	166,070,057
Treasury stock, shares	7,532,298	1,588,990

Consolidated Statement Of Cash

Consolidated Statement Of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities [Abstract]
Net income	$ 137	$ 127
Depreciation	78	81
Amortization of intangibles	10	27
Amortization of deferred financing charges	2	$ 3
Call premium on senior notes	2
Dividends received in excess of current earnings of affiliates	9	$ 6
Stock compensation expense	8	9
Deferred income taxes	2	(5)
Pension contributions, net	$ (9)	(5)
Interest payment received on payment-in-kind note receivable		40
Change in working capital	$ (108)	(66)
Other, net	(3)	6
Net cash provided by operating activities	128	223
Investing activities [Abstract]
Purchases of property, plant and equipment	$ (122)	(126)
Principal payment received on payment-in-kind note receivable		35
Purchases of marketable securities	$ (26)	(57)
Proceeds from sales of marketable securities	12	1
Proceeds from maturities of marketable securities	16	2
Proceeds from sale of business		9
Other	(3)	3
Net cash used in investing activities	(123)	(133)
Financing activities [Abstract]
Net change in short-term debt	$ 3	(5)
Proceeds from letters of credit		12
Repayment of letters of credit	$ (4)	(6)
Proceeds from long-term debt	18	1
Repayment of long-term debt	(58)	(19)
Call premium on senior notes	$ (2)
Dividends paid to preferred stockholders		(4)
Dividends paid to common stockholders	$ (18)	(16)
Distributions to noncontrolling interests	(3)	(2)
Repurchases of common stock	(126)	$ (113)
Other	1
Net cash used in financing activities	(189)	$ (152)
Net decrease in cash and cash equivalents	(184)	(62)
Cash and cash equivalents - beginning of period	1,121	1,256
Effect of exchange rate changes on cash balances	(43)	(22)
Cash and cash equivalents – end of period	$ 894	$ 1,172

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	Organization and Summary of Significant Accounting Policies General Dana Holding Corporation (Dana) is headquartered in Maumee, Ohio and was incorporated in Delaware in 2007. As a global provider of high technology driveline (axles, driveshafts and transmissions), sealing and thermal-management products our customer base includes virtually every major vehicle manufacturer in the global light vehicle, medium/heavy vehicle and off-highway markets. 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 — Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (GAAP) for interim financial information. These statements are unaudited, but in the opinion of management include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the results for the interim periods. The results reported in these consolidated financial statements should not necessarily be taken as indicative of results that may be expected for the entire year. The financial information included herein should be read in conjunction with the consolidated financial statements in Item 8 of our 2014 Form 10-K. In the first quarter of 2015, we identified an error attributable to the calculation of noncontrolling interests net income of a subsidiary. The error resulted in an understatement of noncontrolling equity and noncontrolling interests net income and a corresponding overstatement of parent company stockholders' equity and net income attributable to the parent company in prior periods. Based on our assessments of qualitative and quantitative factors, the error and related impacts were not considered material to the financial statements of the prior periods to which they relate. The error was corrected in March 2015 by increasing noncontrolling interests net income by $9 . The correction is not anticipated to be material to our 2015 full year net income attributable to the parent company. Historically, we have not adjusted the purchases of property, plant and equipment presented in our consolidated statement of cash flows for invoices not paid in cash as of the end of the period. While the error had no impact on the total net cash flows presented in any prior period it did result in a misclassification between net cash provided by (used in) operating activities and net cash used in investing activities. Prior period amounts have been revised to properly reflect capital invoices not paid in cash as of the end of each period presented. Purchases of property, plant and equipment previously presented for the six months ended June 30, 2014, have been increased by $30 with a corresponding offset to change in working capital. At June 30, 2015 and 2014, we had $46 and $13 of purchases of property, plant and equipment included in accounts payable. Held for sale — We classify long-lived assets or disposal groups as held for sale in the period: management commits to a plan to sell; the long-lived asset or disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such long-lived assets or disposal groups; an active program to locate a buyer and other actions required to complete the plan to sell have been initiated; the sale is probable within one year; the asset or disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Long-lived assets and disposal groups classified as held for sale are measured at the lower of their carrying amount or fair value less costs to sell. See Note 2 for additional information regarding the disposal group held for sale at the end of 2014 and divested in January 2015. Discontinued operations — Prior to January 1, 2015, we would classify a business component that had been disposed of or classified as held for sale as discontinued operations if the cash flows of the component were eliminated from our ongoing operations and we no longer had any significant continuing involvement in or with the component. The results of operations of our discontinued operations, including any gains or losses on disposition, were aggregated and presented on one line in the income statement. See Note 2 for additional information regarding our discontinued operations. Recently adopted accounting pronouncements In April 2014, the Financial Accounting Standards Board (FASB) issued guidance that revises the definition of a discontinued operation. The revised definition limits discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on operations and financial results. The guidance also requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The guidance applies to covered transactions that occur after December 31, 2014. The significance of this guidance for Dana is dependent on any qualifying future dispositions or disposals. Recently issued accounting pronouncements In May 2015, the FASB issued guidance that removes from the fair value hierarchy investments for which fair value is measured at net asset value (or its equivalent) using the available practical expedient. The new guidance also modifies the scope of the disclosures related to such investments, eliminating from scope those investments eligible for but not actually valued using the practical expedient. Entities must continue to disclose information on investments for which fair value is measured at net asset value (or its equivalent) using the practical expedient, including information that helps readers understand the investments and whether the investments, if sold, are probable of being sold at amounts that differ from the net asset value. This guidance becomes effective January 1, 2016 and requires retrospective application. Early adoption is permitted. We are currently evaluating the impact this guidance will have on disclosures covering certain assets held by our pension plans. In April 2015, the FASB issued an amendment to provide explicit guidance about a customer's accounting for fees paid in a cloud computing arrangement. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, then the customer should account for the arrangement as a service contract. The guidance is effective January 1, 2016 and can be adopted either prospectively to all arrangements entered into or materially modified after the effective date or retrospectively. We are currently evaluating the impact this guidance will have on our consolidated financial statements. In April 2015, the FASB issued guidance to provide for a practical expedient that permits an entity to measure defined benefit plan assets and obligations as of the month end that is closest to the entity's fiscal year end or the month end that is closest to the date of a significant event caused by the entity that occurred in an interim period. Significant events, such as a plan amendment, settlement or curtailment, call for a remeasurement in accordance with existing requirements. An entity is required to disclose the accounting policy election and the date used to measure defined benefit plan assets and obligations. The guidance is effective January 1, 2016 and early adoption is permitted. The guidance will not impact our consolidated financial statements. In April 2015, the FASB issued guidance which changes the presentation of debt issuance costs. Debt issuance costs related to term debt will be presented on the balance sheet as a direct deduction from the related debt liability rather than recorded as a separate asset. The amendment does not affect the recognition and measurement of debt issuance costs. There is no effect on the statement of operations as debt issuance costs will continue to be amortized to interest expense. The guidance becomes effective January 1, 2016 and requires retrospective application to all prior periods presented. We intend to early adopt the guidance effective December 31, 2015. In February 2015, the FASB released updated consolidation guidance that entities must use to evaluate specific ownership and contractual arrangements that lead to a consolidation conclusion. The updates could change consolidation outcomes affecting presentation and disclosures. This guidance becomes effective January 1, 2016. We are currently evaluating the impact this guidance will have on our consolidated financial statements. In June 2014, the FASB issued guidance to provide clarity on whether to treat a performance target that could be achieved after the requisite service period as a performance condition that affects vesting or as a nonvesting condition that affects the grant-date fair value of a share-based payment award. Generally, an award with a performance target also requires an employee to render service until the performance target is achieved. In some cases, however, the terms of an award may provide that the performance target could be achieved after an employee completes the requisite service period. The amendment requires that a performance target that affects vesting and extends beyond the end of the service period be treated as a performance condition and not as a factor in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The guidance, which is effective January 1, 2016, is not expected to impact our consolidated financial statements. In May 2014, the FASB issued guidance that requires companies to recognize revenue in a manner that depicts the transfer of promised goods or services to customers in amounts that reflect the consideration a company expects to be entitled to in exchange for those goods or services. The new guidance will also require new disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In July 2015, the FASB adopted a one-year deferral of this guidance. As a result, this guidance will be effective January 1, 2018 with the option to adopt the standard as of the original effective date, January 1, 2017. The guidance allows for either a full retrospective or a modified retrospective transition method. We are currently evaluating the impact this guidance will have on our consolidated financial statements.

Disposal Groups and Discontinue

Disposal Groups and Discontinued Operations	6 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups and Discontinued Operations	Disposal Groups and Discontinued Operations Disposal of operations in Venezuela — In December 2014, we entered into an agreement to divest our Light Vehicle operations in Venezuela (the disposal group) for no consideration to an unaffiliated company. Upon classification of the disposal group as held for sale in December 2014, we recognized an $80 loss to adjust the carrying value of the net assets of our operations in Venezuela to fair value less cost to sell. The assets and liabilities of our operations in Venezuela were presented as held for sale on our balance sheet as of December 31, 2014. The carrying amounts of the major classes of assets and liabilities of our operations in Venezuela as of that date were as follows: December 31, 2014 Cash and cash equivalents $ 27 Current assets classified as held for sale $ 27 Accounts payable $ 16 Accrued payroll and employee benefits 4 Other accrued liabilities 1 Current liabilities classified as held for sale $ 21 Pension obligations $ 11 Other noncurrent liabilities 6 Noncurrent liabilities classified as held for sale $ 17 Accumulated other comprehensive loss classified as held for sale $ (11 ) Upon completion of the divestiture of the disposal group in January 2015, we recognized a gain of $5 on the derecognition of the noncontrolling interest in a former Venezuelan subsidiary in other income, net. We also credited other comprehensive loss attributable to the parent for $10 and other comprehensive loss attributable to noncontrolling interests for $1 to eliminate the unrecognized pension expense recorded in accumulated other comprehensive loss. Discontinued operations of Structural Products business — In March 2010, we sold substantially all of the assets of our Structural Products business to Metalsa S.A. de C.V. (Metalsa). Upon cessation of all operations in August 2012, the former Structural Products business was presented as discontinued operations in the accompanying financial statements. We reached a final agreement on the remaining issues with the buyer in May 2014, resulting in the receipt of $9 from the escrow agent and a charge of $1 to other expense within discontinued operations during the second quarter of 2014. The loss from discontinued operations for the first six months of 2014 also included legal fees and other costs associated with resolving claims of the buyer and a former customer.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill — Our goodwill is assigned to our Off-Highway operating segment. The change in the carrying amount of goodwill in 2015 is due to currency fluctuation. Components of other intangible assets — June 30, 2015 December 31, 2014 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 7 $ 87 $ (83 ) $ 4 $ 90 $ (85 ) $ 5 Trademarks and trade names 16 3 (2 ) 1 3 (1 ) 2 Customer relationships 8 467 (407 ) 60 493 (416 ) 77 Non-amortizable intangible assets Trademarks and trade names 65 65 65 65 Used in research and development activities 20 20 20 20 $ 642 $ (492 ) $ 150 $ 671 $ (502 ) $ 169 The net carrying amounts of intangible assets, other than goodwill, attributable to each of our operating segments at June 30, 2015 were as follows: Light Vehicle — $12 , Commercial Vehicle — $81 , Off-Highway — $47 and Power Technologies — $10 . Amortization expense related to amortizable intangible assets — Three Months Ended Six Months Ended 2015 2014 2015 2014 Charged to cost of sales $ — $ 2 $ 1 $ 4 Charged to amortization of intangibles 4 10 9 23 Total amortization $ 4 $ 12 $ 10 $ 27 The following table provides the estimated aggregate pre-tax amortization expense related to intangible assets for each of the next five years based on June 30, 2015 exchange rates. Actual amounts may differ from these estimates due to such factors as currency translation, customer turnover, impairments, additional intangible asset acquisitions and other events. Remainder of 2015 2016 2017 2018 2019 Amortization expense $ 8 $ 16 $ 13 $ 10 $ 9

Restructuring of Operations

Restructuring of Operations	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Restructuring of Operations	Restructuring of Operations Our restructuring activities primarily include 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, including costs associated with lease continuation obligations and certain operating costs of facilities that we are in the process of closing. During the second quarter of 2015, we implemented certain headcount reduction initiatives, primarily in our Commercial Vehicle business in Brazil in response to lower demand in that region. Including costs associated with this action and with other previously announced initiatives, restructuring expense during the second quarter of 2015 was $ 11 and primarily represented severance and related benefits costs. During the first quarter of 2015, we continued to execute our previously announced initiatives. Restructuring expense during the first quarter of 2015 was $1 and primarily represented continuing exit costs. During the first and second quarters of 2014, we continued to implement certain headcount reduction programs, primarily associated with the closure of our Commercial Vehicle foundry operation in Argentina. Including costs associated with this action and with other previously announced initiatives, restructuring expense for the six months ended June 30, 2014 was $12 , including $8 of severance and related benefit costs and $4 of exit costs. Accrued restructuring costs and activity, including noncurrent portion — Employee Termination Benefits Exit Costs Total Balance at March 31, 2015 $ 7 $ 9 $ 16 Charges to restructuring 11 11 Cash payments (3 ) (3 ) Balance at June 30, 2015 $ 15 $ 9 $ 24 Balance at December 31, 2014 $ 12 $ 9 $ 21 Charges to restructuring 11 1 12 Cash payments (7 ) (1 ) (8 ) Currency impact (1 ) (1 ) Balance at June 30, 2015 $ 15 $ 9 $ 24 At June 30, 2015 , the accrued employee termination benefits include costs to reduce approximately 250 employees over the next two years. The exit costs relate primarily to lease continuation obligations. Cost to complete — The following table provides project-to-date and estimated future expenses for completion of our restructuring initiatives. Expense Recognized Future Cost to Complete Prior to 2015 2015 Total to Date Light Vehicle $ 9 $ 1 $ 10 $ 2 Commercial Vehicle 23 11 34 10 Total $ 32 $ 12 $ 44 $ 12 The future cost to complete includes estimated separation costs and exit costs, including lease continuation costs, equipment transfers and other costs which are required to be recognized as closures are finalized or as incurred during the closure.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Common stock — Our Board of Directors declared a quarterly cash dividend of six cents per share of common stock in the second quarter of 2015 and five cents per share of common stock in the first quarter of 2015. Dividends accrue on restricted stock units (RSUs) granted under our stock compensation program and will be paid in cash or additional units when the underlying units vest. Share repurchase program — Our Board of Directors approved a share repurchase program of $1,400 , expiring on December 31, 2015. Under the program, we spent $126 to repurchase 5,822,021 shares of our common stock during the first six months of 2015 through open market transactions. Approximately $185 remained available under the program for future share repurchases as of June 30, 2015 . Changes in equity — 2015 2014 Three Months Ended June 30, Attributable to Parent Attributable Total Equity Attributable to Parent Attributable Total Equity Balance, March 31 $ 991 $ 106 $ 1,097 $ 1,272 $ 105 $ 1,377 Total comprehensive income 82 2 84 107 5 112 Preferred stock dividends — (2 ) (2 ) Common stock dividends (10 ) (10 ) (9 ) (9 ) Distributions to noncontrolling interests (5 ) (5 ) (6 ) (6 ) Common stock share repurchases (63 ) (63 ) (49 ) (49 ) Stock compensation 6 6 4 4 Stock withheld for employee taxes — (1 ) (1 ) Balance, June 30 $ 1,006 $ 103 $ 1,109 $ 1,322 $ 104 $ 1,426 Six Months Ended June 30, Balance, December 31 $ 1,080 $ 100 $ 1,180 $ 1,309 $ 104 $ 1,413 Total comprehensive income 62 14 76 136 7 143 Preferred stock dividends — (5 ) (5 ) Common stock dividends (18 ) (18 ) (16 ) (16 ) Distributions to noncontrolling interests (6 ) (6 ) (7 ) (7 ) Share conversion — 3 3 Common stock share repurchases (126 ) (126 ) (113 ) (113 ) Derecognition of noncontrolling interests (5 ) (5 ) — Stock compensation 10 10 10 10 Stock withheld for employee taxes (2 ) (2 ) (2 ) (2 ) Balance, June 30 $ 1,006 $ 103 $ 1,109 $ 1,322 $ 104 $ 1,426 Changes in each component of accumulated other comprehensive income (AOCI) of the parent — Parent Company Stockholders Foreign Currency Translation Hedging Investments Defined Benefit Plans Accumulated Other Comprehensive Income (Loss) Balance, March 31, 2015 $ (526 ) $ (10 ) $ 6 $ (550 ) $ (1,080 ) Other comprehensive income (loss): Currency translation adjustments 18 18 Holding loss on net investment hedge (4 ) (4 ) Holding gains and losses (3 ) (1 ) (4 ) Reclassification of amount to net income (a) 6 6 Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 7 7 Other comprehensive income (loss) 14 3 (1 ) 7 23 Balance, June 30, 2015 $ (512 ) $ (7 ) $ 5 $ (543 ) $ (1,057 ) Balance, March 31, 2014 $ (254 ) $ — $ 3 $ (481 ) $ (732 ) Other comprehensive income: Currency translation adjustments 14 14 Holding gains and losses 1 3 4 Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 3 3 Other comprehensive income 14 1 3 3 21 Balance, June 30, 2014 $ (240 ) $ 1 $ 6 $ (478 ) $ (711 ) Parent Company Stockholders Foreign Currency Translation Hedging Investments Defined Benefit Plans Accumulated Other Comprehensive Income (Loss) Balance, December 31, 2014 $ (427 ) $ (9 ) $ 5 $ (566 ) $ (997 ) Other comprehensive income (loss): Currency translation adjustments (83 ) (83 ) Holding loss on net investment hedge (2 ) (2 ) 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) 13 13 Elimination of net prior service costs and actuarial losses of disposal group 10 10 Other comprehensive income (loss) (85 ) 2 — 23 (60 ) Balance, June 30, 2015 $ (512 ) $ (7 ) $ 5 $ (543 ) $ (1,057 ) Balance, December 31, 2013 $ (242 ) $ — $ 3 $ (488 ) $ (727 ) Other comprehensive income (loss): Currency translation adjustments 2 2 Holding gains and losses 1 5 6 Reclassification of amount to net income (a) (2 ) (2 ) Venezuelan bolivar devaluation 3 3 Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 8 8 Tax expense (1 ) (1 ) Other comprehensive income 2 1 3 10 16 Balance, June 30, 2014 $ (240 ) $ 1 $ 6 $ (478 ) $ (711 ) (a) Foreign currency contract and investment reclassifications are included in other income, net. (b) See Note 8 for additional details. Upon completion of the divestiture of our operations in Venezuela in January 2015, we eliminated the unrecognized pension expense and the noncontrolling interest related to our former Venezuelan subsidiaries. See Note 2 for additional information regarding the disposal group held for sale at the end of 2014 and divested in January 2015.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share Reconciliation of the numerators and denominators of the earnings per share calculations — Three Months Ended Six Months Ended 2015 2014 2015 2014 Income from continuing operations $ 63 $ 92 $ 137 $ 130 Less: Noncontrolling interests 4 4 15 7 Less: Preferred stock dividend requirements 2 5 Income from continuing operations available to common stockholders - Numerator basic 59 86 122 118 Preferred stock dividend requirements 2 5 Numerator diluted $ 59 $ 88 $ 122 $ 123 Net income available to common stockholders - Numerator basic $ 59 $ 84 $ 122 $ 115 Preferred stock dividend requirements 2 5 Numerator diluted $ 59 $ 86 $ 122 $ 120 Weighted-average number of shares outstanding - Denominator basic 162.1 156.7 163.4 153.7 Employee compensation-related shares, including stock options 1.1 1.3 1.2 1.2 Conversion of preferred stock 17.1 21.1 Denominator diluted 163.2 175.1 164.6 176.0 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 0.3 million and 0.2 million CSEs from the calculations of diluted earnings per share for the quarter and year-to-date periods ended June 30, 2015 as the effect of including them would have been anti-dilutive.

Stock Compensation

Stock Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Compensation	Stock Compensation 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 first half of 2015. Weighted-average Per Share Granted (In millions) Grant Date Fair Value RSUs 0.6 $ 22.25 PSUs 0.3 $ 24.70 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 return on invested capital targets and specified total shareholder return targets relative to peer companies. For the portion of the award based on the return on invested capital performance metric, 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 award is not dividend protected. For the portion of the award based on shareholder returns, we estimated the fair value of the PSUs at grant date using various assumptions as part of a Monte Carlo simulation. The expected term represents the period from the grant date to the end of the three -year performance period. The risk-free interest rate of 0.92% was based on U.S. Treasury constant maturity rates at the grant date. The dividend yield of 0.92% was calculated by dividing the expected annual dividend by the average stock price over the prior year. The expected volatility of 35.1% was based on historical volatility over the prior three years using daily stock price observations. Stock options and stock appreciation rights (SARs) related to 0.2 million shares were exercised and a small number of shares were forfeited in 2015. We received $2 of cash from the exercise of stock options and we paid $2 of cash to settle SARs and RSUs during 2015. We issued 0.4 million shares of common stock based on the vesting of RSUs. We recognized stock compensation expense of $5 during the second quarters of both 2015 and 2014 and $8 and $9 during the first half of 2015 and 2014 . At June 30, 2015 , the total unrecognized compensation cost related to the nonvested awards granted and expected to vest was $31 . This cost is expected to be recognized over a weighted-average period of 2.0 years.

Pension and Postretirement Bene

Pension and Postretirement Benefit Plans	6 Months Ended
	Jun. 30, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Pension and Postretirement Benefit Plans	Pension and Postretirement Benefit Plans 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 2015 2014 OPEB - Non-U.S. Three Months Ended June 30, U.S. Non-U.S. U.S. Non-U.S. 2015 2014 Interest cost $ 17 $ 2 $ 20 $ 3 $ 1 $ 2 Expected return on plan assets (28 ) (28 ) Service cost 1 2 Amortization of net actuarial loss 5 2 4 1 Net periodic benefit cost (credit) $ (6 ) $ 5 $ (4 ) $ 6 $ 1 $ 2 Six Months Ended June 30, Interest cost $ 34 $ 4 $ 40 $ 6 $ 2 $ 3 Expected return on plan assets (55 ) (1 ) (55 ) Service cost 3 3 Amortization of net actuarial loss 10 3 8 2 Net periodic benefit cost (credit) $ (11 ) $ 9 $ (7 ) $ 11 $ 2 $ 3

Marketable Securities

Marketable Securities	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	Marketable Securities June 30, 2015 December 31, 2014 Cost Unrealized Fair Cost Unrealized Fair U.S. government securities $ 40 $ — $ 40 $ 38 $ — $ 38 Corporate securities 42 42 36 36 Certificates of deposit 22 22 23 23 Other 60 5 65 67 5 72 Total marketable securities $ 164 $ 5 $ 169 $ 164 $ 5 $ 169 U.S. government securities include bonds issued by government-sponsored agencies and Treasury notes. Corporate securities include primarily debt securities. Other consists of investments in mutual and index funds. U.S. government securities, corporate debt and certificates of deposit maturing in one year or less, after one year through five years and after five years through ten years total $38 , $62 and $3 at June 30, 2015 .

Financing Agreements

Financing Agreements	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Financing Agreements	Financing Agreements Long-term debt at — Interest June 30, December 31, Senior Notes due February 15, 2019 6.500% $ — $ 55 Senior Notes due February 15, 2021 6.750% 350 350 Senior Notes due September 15, 2021 5.375% 450 450 Senior Notes due September 15, 2023 6.000% 300 300 Senior Notes due December 15, 2024 5.500% 425 425 Other indebtedness* 80 79 Total 1,605 1,659 Less: current maturities 35 46 Total long-term debt $ 1,570 $ 1,613 * Includes fair value adjustments related to an interest rate swap. See Note 11 for additional information. Interest on the senior notes is payable semi-annually. Other indebtedness includes borrowings from various financial institutions and capital lease obligations. Senior notes — In December 2014, we completed the sale of $425 in senior unsecured notes. Interest on the December 2024 Notes is payable on June 15 and December 15 of each year beginning on June 15, 2015. Net proceeds of the offering totaled $418 . Financing costs of $7 were recorded as deferred costs and are being amortized to interest expense over the life of the notes. The net proceeds from the offering were used to redeem our February 2019 Notes. During December 2014, we redeemed $345 of our February 2019 Notes pursuant to a tender offer at a weighted average price equal to 104.116% plus accrued and unpaid interest. The $19 loss on extinguishment of debt includes the redemption premium and transaction costs associated with the tender offer and the write-off of $4 of previously deferred financing costs associated with the February 2019 Notes. On December 9, 2014, we elected to redeem $40 of our February 2019 Notes effective January 8, 2015 at a price equal to 103.000% plus accrued and unpaid interest. The notes redeemed on January 8, 2015 have been included in current portion of long-term debt as of December 31, 2014. On March 16, 2015, we redeemed the remaining $15 of our February 2019 Notes at a price equal to 103.250% plus accrued and unpaid interest. The $2 loss on extinguishment of debt includes the redemption premium and the write-off of previously deferred financing costs associated with the February 2019 Notes. Revolving facility — Advances under our $500 revolving facility bear interest at a floating rate based on, at our option, the base rate or LIBOR (each as described in the revolving credit agreement) plus a margin based on the undrawn amounts available under the agreement as set forth below: Remaining Borrowing Availability Base Rate LIBOR Rate Greater than $350 0.50 % 1.50 % Greater than $150 but less than or equal to $350 0.75 % 1.75 % $150 or less 1.00 % 2.00 % Commitment fees are applied based on the average daily unused portion of the available amounts under the revolving facility. If the average daily unused portion of the revolving facility is less than 50% , the applicable fee will be 0.25% per annum. If the average daily unused portion of the revolving facility is equal to or greater than 50% , the applicable fee will be 0.375% per annum. Up to $300 of the revolving facility may be applied to letters of credit, which reduces availability. We pay a fee for issued and undrawn letters of credit in an amount per annum equal to the applicable LIBOR margin based on quarterly average availability under the revolving facility and a per annum fronting fee of 0.125% , payable quarterly. There were no borrowings under the revolving facility at June 30, 2015 but we had utilized $39 for letters of credit. Based on our borrowing base collateral of $431 , we had potential availability at June 30, 2015 under the revolving facility of $392 after deducting the outstanding letters of credit. Debt covenants — At June 30, 2015 , we were in compliance with the covenants of our financing agreements. Under the revolving facility and the senior notes, we are required to comply with certain incurrence-based covenants customary for facilities of these types.

Fair Value Measurements and Der

Fair Value Measurements and Derivatives	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements and Derivatives	Fair Value Measurements and Derivatives 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 — Assets and liabilities that are carried in our balance sheet at fair value are as follows: Fair Value Measurements Using Quoted Prices in Active Markets Significant Inputs Observable June 30, 2015 Total (Level 1) (Level 2) Marketable securities $ 169 $ 65 $ 104 Currency forward contracts - Accounts receivable other Undesignated 2 2 Currency forward contracts - Other accrued liabilities Cash flow hedges 8 8 Undesignated 1 1 Currency swaps - Other noncurrent liabilities Undesignated 1 1 Interest rate swap - Other noncurrent liabilities Fair value hedge 2 2 December 31, 2014 Marketable securities $ 169 $ 72 $ 97 Currency forward contracts - Accounts receivable other Cash flow hedges 1 1 Undesignated 1 1 Currency forward contracts - Other accrued liabilities Cash flow hedges 11 11 Currency swaps - Other accrued liabilities Undesignated 9 9 Fair value of financial instruments – The financial instruments that are not carried in our balance sheet at fair value are as follows: June 30, 2015 December 31, 2014 Carrying Value Fair Value Carrying Value Fair Value Senior notes $ 1,525 $ 1,563 $ 1,580 $ 1,643 Other indebtedness* 80 78 79 77 Total $ 1,605 $ 1,641 $ 1,659 $ 1,720 * The carrying value includes fair value adjustments related to an interest rate swap at June 30, 2015. The fair value of our senior notes is estimated based upon a market approach (Level 2) while the fair value of our other indebtedness is based upon an income approach (Level 2). Fair value measurements on a nonrecurring basis — Certain assets are measured at fair value on a nonrecurring basis. These are long-lived assets that are subject to fair value adjustments only in certain circumstances. These assets include intangible assets and property, plant and equipment which may be written down to fair value when they are held for sale or as a result of impairment. Interest rate derivatives — Our interest rate derivatives include a fixed-to-floating interest rate swap on our $425 , 5.500% fixed-rate senior notes, due December 15, 2024 (the "designated fixed-rate debt"). Executed near the end of the second quarter of 2015, the interest rate swap has the same total notional amount and maturity date as the designated fixed-rate debt and economically serves to convert the designated fixed-rate debt into variable-rate debt, using the 3-month U.S. LIBOR as the benchmark interest rate plus a spread of 307 basis points. Of the $425 total notional amount of the interest rate swap, $340 has been designated as a fair value hedge of the $425 fixed-rate debt. Using retrospective and prospective regression analysis, we will perform effectiveness testing on a monthly basis. Changes in fair value of the interest rate swap are recorded in the balance sheet as an other noncurrent receivable or payable while changes in the fair value of the designated fixed-rate debt are recorded in the balance sheet as a change in the carrying amount of debt. The difference between the changes in fair value of the designated portion of the interest rate swap and the designated fixed-rate debt represents ineffectiveness and is recorded in the income statement as an adjustment to interest expense during each period. Changes in the fair value associated with the undesignated portion of the interest rate swap do not represent ineffectiveness but are also recorded as an adjustment to interest expense during each period. As of June 30, 2015, the notional amount of the interest rate swap in a fair value hedge relationship with the designated fixed-rate debt was $340 . Subsequent to the execution of the swap at the end of the second quarter of 2015, the change in the fair value of the swap was a loss of $2 while the change in the fair value of the designated fixed-rate debt was a gain of $2 . The amounts recorded in earnings as ineffectiveness and as interest expense savings during the applicable portion of the second quarter of 2015 were not material. Foreign currency derivatives — Our foreign currency derivatives include forward contracts associated with forecasted transactions, primarily involving the purchases and sales of inventory through the next eighteen months, as well as currency swaps associated with certain recorded intercompany loans receivable and payable. Periodically, our foreign currency derivatives also include net investment hedges of certain of our investments in foreign operations. The total notional amount of outstanding foreign currency forward contracts, involving the exchange of various currencies, was $204 as of June 30, 2015 and $296 as of December 31, 2014 . The total notional amount of outstanding foreign currency swaps was $214 as of June 30, 2015 and $10 as of December 31, 2014. The following currency derivatives were outstanding at June 30, 2015 : Notional Amount (U.S. Dollar Equivalent) Functional Currency Traded Currency Designated as Undesignated Total Maturity U.S. dollar Mexican peso $ 78 $ — $ 78 Sep-16 Euro U.S. dollar, Canadian dollar, Hungarian forint, British pound, Swiss franc, Indian rupee, Russian ruble 19 29 48 Dec-16 British pound U.S. dollar, Euro 6 1 7 Sep-16 Swedish krona Euro 14 14 Sep-16 South African rand U.S. dollar, Euro 7 7 Sep-15 Thai baht U.S. dollar, Australian dollar 19 19 May-16 Brazilian real U.S. dollar, Euro 5 5 Mar-16 Indian rupee U.S. dollar, British pound, Euro 26 26 Apr-16 Total forward contracts 117 87 204 U.S. dollar Euro 116 116 Dec-16 Euro Canadian dollar, British pound 88 88 Dec-16 Indian rupee U.S. dollar 10 10 Jul-15 Total currency swaps — 214 214 Total currency derivatives $ 117 $ 301 $ 418 Cash flow hedges — With respect to contracts designated as cash flow hedges, changes in fair value during the period in which the contracts remain outstanding are reported in other comprehensive income (OCI) to the extent such contracts remain effective. Changes in fair value of those contracts that are not designated as cash flow hedges are reported in income in the period in which the changes occur. Forward contracts associated with product-related transactions are marked to market in cost of sales while other contracts are marked to market through other income, net. Net investment hedges — With respect to contracts designated as net investment hedges, we apply the forward method and report changes in fair value in the cumulative translation adjustment (CTA) component of OCI during the period in which the contracts remain outstanding to the extent such contracts remain effective. During the second quarter of 2015, we settled our $98 forward contract that had been executed and designated as a net investment hedge of the equivalent portion of certain of our European operations during the first quarter of 2015. Although no net investment hedges remain outstanding at June 30, 2015, a deferred loss of $2 associated with this settled contract has been recorded in AOCI as of that date and will remain deferred until such time as the investment in the associated subsidiary is substantially liquidated. See also Note 5. Amounts to be reclassified to earnings — Deferred gains or losses associated with effective cash flow hedges are reported in AOCI and are reclassified to earnings in the same periods in which the underlying transactions affect earnings. Amounts expected to be reclassified to earnings assume no change in the current hedge relationships or to June 30, 2015 exchange rates. Deferred losses of $8 at June 30, 2015 are expected to be reclassified to earnings during the next twelve months, compared to deferred losses of $10 at December 31, 2014 . Amounts reclassified from AOCI to earnings arising from the discontinuation of cash flow hedge accounting treatment were not material during the second quarter of 2015. See also Note 5.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Asbestos personal injury liabilities — As part of our reorganization in 2008, assets and liabilities associated with personal injury asbestos claims were retained in Dana Corporation which was then merged into Dana Companies, LLC (DCLLC), a consolidated wholly-owned limited liability company. The assets of DCLLC include insurance rights relating to coverage against these liabilities, marketable securities and other assets which are considered sufficient to satisfy its liabilities. DCLLC had approximately 25,000 active pending asbestos personal injury liability claims at both June 30, 2015 and December 31, 2014 . DCLLC had accrued $80 for indemnity and defense costs for settled, pending and future claims at June 30, 2015 , compared to $81 at December 31, 2014 . A fifteen -year time horizon was used to estimate the value of this liability. At June 30, 2015 , DCLLC had recorded $52 as an asset for probable recovery from insurers for the pending and projected asbestos personal injury liability claims, unchanged from the $52 recorded at December 31, 2014 . The recorded asset represents our assessment of the capacity of our current insurance agreements to provide for the payment of anticipated defense and indemnity costs for pending claims and projected future demands. The recognition of these recoveries is based on our assessment of our right to recover under the respective contracts and on the financial strength of the insurers. DCLLC has coverage agreements in place with insurers confirming substantially all of the related coverage and payments are being received on a timely basis. The financial strength of these insurers is reviewed at least annually with the assistance of a third party. The recorded asset does not represent the limits of the insurance coverage, but rather the amount DCLLC would expect to recover if the accrued indemnity and defense costs were paid in full. DCLLC continues to process asbestos personal injury claims in the normal course of business, is separately managed and has an independent board member. The independent board member is required to approve certain transactions including dividends or other transfers of $1 or more of value to Dana. Dana Holding Corporation has no obligation to increase its investment in or otherwise support DCLLC. Other product liabilities — We had accrued $1 for non-asbestos product liability costs at June 30, 2015 and December 31, 2014 , with no recovery expected from third parties at either date. We estimate these liabilities based on assumptions about the value of the claims and about the likelihood of recoveries against us derived from our historical experience and current information. Environmental liabilities — Accrued environmental liabilities were $6 at June 30, 2015 and $7 at December 31, 2014 . We consider the most probable method of remediation, current laws and regulations and existing technology in estimating our environmental liabilities. Other accounts receivable included a related recoverable from insurers or other parties of $1 at December 31, 2014. Guarantee of lease obligations — In connection with the divestiture of our Structural Products business in 2010, leases covering three U.S. facilities were assigned to a U.S. affiliate of Metalsa. Under the terms of the sale agreement, we will guarantee the affiliate’s performance under the leases, which run through June 2025, including approximately $6 of annual payments. In the event of a required payment by Dana as guarantor, we are entitled to pursue full recovery from Metalsa of the amounts paid under the guarantee and to take possession of the leased property. Other legal matters — We are subject to various pending or threatened legal proceedings arising out of the normal course of business or operations. In view of the inherent difficulty of predicting the outcome of such matters, we cannot state what the eventual outcome of these matters will be. However, based on current knowledge and after consultation with legal counsel, we believe that any liabilities that may result from these proceedings will not have a material adverse effect on our liquidity, financial condition or results of operations. In November 2013, we received an arbitration notice from Sypris Solutions, Inc. (Sypris), formerly our largest supplier, alleging damage claims under the long-term supply agreement that expired on December 31, 2014. The arbitration proceedings related to these claims concluded in the second quarter of 2015 with Sypris being awarded immaterial damages. Sypris also alleged that Dana and Sypris entered into a new binding long-term supply agreement in July 2013. Dana filed suit against Sypris requesting declaratory judgment that the parties did not enter into a new supply agreement. During the first quarter of 2015, the court granted summary judgment in Dana’s favor, rejecting Sypris’ position that a new contract was formed in July 2013. The summary judgment ruling has been appealed by Sypris. We continue to believe this Sypris claim is without merit .

Warranty Obligations

Warranty Obligations	6 Months Ended
	Jun. 30, 2015
Product Warranties Disclosures [Abstract]
Warranty Obligations	Warranty Obligations 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 are made as new information becomes available. Changes in warranty liabilities — Three Months Ended Six Months Ended 2015 2014 2015 2014 Balance, beginning of period $ 46 $ 56 $ 47 $ 54 Amounts accrued for current period sales 7 5 14 9 Adjustments of prior estimates 2 7 4 11 Settlements of warranty claims (8 ) (9 ) (16 ) (15 ) Currency impact 1 (1 ) Balance, end of period $ 48 $ 59 $ 48 $ 59

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes 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 recognized tax benefits on losses generated in several entities, including those in the U.S., where the recent history of operating losses does not allow us to satisfy the “more likely than not” criterion for the recognition of deferred tax assets. Consequently, there is no income tax expense or benefit recognized on the pre-tax income or losses in these jurisdictions as valuation allowances are adjusted to offset the associated tax expense or benefit. 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 significant. We reported income tax expense related to our continuing operations of $36 and $33 for the quarters ended June 30, 2015 and 2014 and $67 for the six-month periods in both years. The effective income tax rates vary from the U.S. federal statutory rate of 35% due to valuation allowances in several countries, nondeductible expenses, different statutory tax rates outside the U.S. and withholding taxes related to repatriations of international earnings to the U.S. Our effective tax rates were 33% and 35% in the first half of 2015 and 2014. The U.S. and certain foreign jurisdictions with valuation allowances were expected to generate income in 2015 and 2014, thereby reducing the effective tax rate as the tax expense associated with this income is offset by valuation allowance release. We provide for U.S. federal income and non-U.S. withholding taxes on the earnings of our non-U.S. operations that are not considered to be permanently reinvested. Accordingly, we continue to analyze and adjust the estimated tax impact of the income and non-U.S. withholding tax liabilities based on the amount and source of these earnings. As part of the annual effective tax rate, we recognized net expense of $2 for the three months ended June 30, 2015 and 2014 and $3 for the six-month periods of both years related to future income taxes and non-U.S. withholding taxes on repatriations from operations that are not permanently reinvested. We recognized expense of $6 and $1 in the quarters ended June 30, 2015 and 2014 and $6 and $5 in the respective six-month periods for withholding taxes associated with changes to planned repatriations of certain foreign earnings. We also accrued additional tax reserves of $2 in the second quarter of 2014 for settlements of outstanding tax matters in Italy. At June 30, 2015, we have a valuation allowance against our deferred tax assets in the U.S. When evaluating the continued need for this valuation allowance we consider all components of comprehensive income, and we weight the positive and negative evidence, putting greater reliance on objectively verifiable historical evidence than on projections of future profitability that are dependent on actions that have not occurred as of the assessment date. We also consider the pro forma effects on historical profitability of actions occurring in the year of assessment that have a sustained effect on future profitability, the effect on historical profits of nonrecurring events, as well as tax planning strategies. These effects included items such as the lost future interest income resulting from the prepayment on and subsequent sale of the payment-in-kind callable note receivable and the additional interest expense resulting from the $750 senior unsecured notes payable issued in July 2013. A sustained period of profitability, after giving pro forma effect to implemented actions and nonrecurring events, along with positive expectations for future profitability are necessary for a determination that a valuation allowance should be released. Our U.S. operations have experienced improved profitability in recent years, but our analysis of the income of the U.S. operations, as adjusted for pro forma effects of developments through the current date and planned future actions, demonstrates historical losses through the year ended December 31, 2014 with an uncertain forecast of near break-even results in 2015. Therefore, we have not achieved a level of sustained historical profitability that would, in our judgment, support a release of the valuation allowance at June 30, 2015. Although we expect our U.S. operations to generate profits in the future, this positive evidence cannot be given as much weight in our analysis as the objectively verifiable lack of sustained historical profitability. To the extent that we achieve our forecasted levels of sustainable profits in 2015 and our projections of profitability beyond 2015 are sufficiently positive, it is reasonably possible that we could release up to $500 of the valuation allowances against our U.S. deferred tax assets in the next twelve months. Until the valuation allowance is released, the income tax effect of any reported U.S. profits will reduce net deferred tax assets and the associated valuation allowance.

Other Income, Net

Other Income, Net	6 Months Ended
	Jun. 30, 2015
Other Income and Expenses [Abstract]
Other Income (Expense), Net	Other Income, Net Three Months Ended Six Months Ended 2015 2014 2015 2014 Interest income $ 4 $ 3 $ 7 $ 6 Government grants and incentives 1 1 2 Foreign exchange gain (loss) (6 ) 14 (6 ) 2 Strategic transaction expenses (1 ) (2 ) (1 ) Gain on derecognition of noncontrolling interest 5 Gain on sale of marketable securities 1 Recognition of unrealized gain on payment-in-kind note receivable 2 Insurance recoveries 3 4 Other 4 3 6 4 Other income, net $ 4 $ 21 $ 16 $ 15 Foreign exchange gains and losses on cross-currency intercompany loan balances that are not of a long-term investment nature are included above. Foreign exchange gains and losses on intercompany loans that are permanently invested are reported in OCI. Effective March 31, 2014, we ceased using the official exchange rate of 6.3 and began using the Complementary System of Foreign Currency Administration (SICAD) rate, which was 10.7 bolivars per U.S. dollar (as published by the Central Bank of Venezuela) at March 31, 2014, to remeasure the financial statements of our subsidiaries in Venezuela. The change to the SICAD rate resulted in a charge of $17 during the first quarter of 2014. The SICAD rate was 10.6 bolivars per U.S. dollar at June 30, 2014. During the second quarter of 2014 we realized a $7 gain as National Center for Foreign Commerce (CENCOEX) approved a portion of our pending claims to settle U.S. dollar obligations at the official exchange rate of 6.3 . Also during the second quarter of 2014 we realized a $6 gain on the sale of U.S. dollars through SICAD 2 at an average rate of 49.9 bolivars per U.S. dollar. The foreign exchange gains and losses associated with our Venezuelan subsidiaries are included in the segment EBITDA of our Light Vehicle operating segment. See Note 1 to our consolidated financial statements in Item 8 of our 2014 Form 10-K for a comprehensive discussion of Venezuela's exchange rate environment. Upon completion of the divestiture of our operations in Venezuela in January 2015, we recognized a gain on the derecognition of the noncontrolling interest in a former Venezuelan subsidiary. The sale of our interest in a payment-in-kind callable note to a third-party in January 2014 resulted in the recognition of the remaining unrealized gain that arose following the valuation of the note receivable below its callable value at emergence from bankruptcy. During the second quarter of 2015 we reached a settlement with an insurance carrier for the recovery of previously incurred legal costs.

Segments

Segments	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segments	Segments We are a global provider of high technology driveline, sealing and thermal-management products for virtually every major vehicle manufacturer in the on-highway and off-highway markets. Our driveline products – axles, driveshafts and transmissions – are delivered through our Light Vehicle, Commercial Vehicle and Off-Highway operating segments. Our fourth global operating segment – Power Technologies – is the center of excellence for the sealing and thermal technologies that span all customers in our on-highway and off-highway markets. These operating segments have global responsibility and accountability for business commercial activities and financial performance. Dana evaluates the performance of its operating segments based on external sales and segment EBITDA. Segment EBITDA is a primary driver of cash flows from operations and a measure of our ability to maintain and continue to invest in our operations and provide shareholder returns. Our segments are charged for corporate and other shared administrative costs. Segment EBITDA may not be comparable to similarly titled measures reported by other companies. Segment information — 2015 2014 Three Months Ended June 30, External Sales Inter-Segment Sales Segment EBITDA External Sales Inter-Segment Sales Segment EBITDA Light Vehicle $ 641 $ 35 $ 66 $ 636 $ 43 $ 76 Commercial Vehicle 431 26 36 463 20 47 Off-Highway 279 10 41 335 10 46 Power Technologies 258 4 39 276 4 39 Eliminations and other (75 ) (77 ) Total $ 1,609 $ — $ 182 $ 1,710 $ — $ 208 Six Months Ended June 30, Light Vehicle $ 1,278 $ 72 $ 130 $ 1,254 $ 71 $ 106 Commercial Vehicle 864 51 71 920 46 91 Off-Highway 563 21 80 676 20 88 Power Technologies 512 8 77 548 10 83 Eliminations and other (152 ) (147 ) Total $ 3,217 $ — $ 358 $ 3,398 $ — $ 368 Reconciliation of segment EBITDA to consolidated net income — Three Months Ended Six Months Ended 2015 2014 2015 2014 Segment EBITDA $ 182 $ 208 $ 358 $ 368 Corporate expense and other items, net (2 ) (3 ) (2 ) 2 Depreciation (39 ) (41 ) (78 ) (81 ) Amortization of intangibles (4 ) (12 ) (10 ) (27 ) Restructuring (11 ) (3 ) (12 ) (12 ) Stock compensation expense (5 ) (5 ) (8 ) (9 ) Strategic transaction expenses and other items (1 ) 1 (2 ) Gain on derecognition of noncontrolling interest 5 Loss on extinguishment of debt (2 ) Recognition of unrealized gain on payment-in-kind note receivable 2 Interest expense (27 ) (29 ) (55 ) (59 ) Interest income 4 3 7 6 Income from continuing operations before income taxes 97 119 201 190 Income tax expense 36 33 67 67 Equity in earnings of affiliates 2 6 3 7 Income from continuing operations 63 92 137 130 Loss from discontinued operations — (2 ) — (3 ) Net income $ 63 $ 90 $ 137 $ 127

Equity Affiliates

Equity Affiliates	6 Months Ended
	Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Affiliates	Equity Affiliates We have a number of investments in entities that engage in the manufacture of vehicular parts – primarily axles, driveshafts and wheel-end braking systems – supplied to OEMs. Equity method investments exceeding $5 at June 30, 2015 — Ownership Percentage Investment Dongfeng Dana Axle Co., Ltd. (DDAC) 50% $ 132 Bendix Spicer Foundation Brake, LLC 20% 48 Axles India Limited 48% 6 All others as a group 7 Investments in equity affiliates 193 Investments in affiliates carried at cost 2 Investments in affiliates $ 195 Summarized financial information for DDAC — Three Months Ended Six Months Ended 2015 2014 2015 2014 Sales $ 134 $ 219 $ 288 $ 423 Gross profit $ 12 $ 24 $ 23 $ 44 Pre-tax income (loss) $ (2 ) $ 10 $ (4 ) $ 14 Net income (loss) $ (1 ) $ 8 $ (3 ) $ 11 Dana's equity earnings in affiliate $ (2 ) $ 3 $ (4 ) $ 2

Organization and Summary of S24

Organization and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of presentation — Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (GAAP) for interim financial information. These statements are unaudited, but in the opinion of management include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the results for the interim periods. The results reported in these consolidated financial statements should not necessarily be taken as indicative of results that may be expected for the entire year. The financial information included herein should be read in conjunction with the consolidated financial statements in Item 8 of our 2014 Form 10-K. In the first quarter of 2015, we identified an error attributable to the calculation of noncontrolling interests net income of a subsidiary. The error resulted in an understatement of noncontrolling equity and noncontrolling interests net income and a corresponding overstatement of parent company stockholders' equity and net income attributable to the parent company in prior periods. Based on our assessments of qualitative and quantitative factors, the error and related impacts were not considered material to the financial statements of the prior periods to which they relate. The error was corrected in March 2015 by increasing noncontrolling interests net income by $9 . The correction is not anticipated to be material to our 2015 full year net income attributable to the parent company. Historically, we have not adjusted the purchases of property, plant and equipment presented in our consolidated statement of cash flows for invoices not paid in cash as of the end of the period. While the error had no impact on the total net cash flows presented in any prior period it did result in a misclassification between net cash provided by (used in) operating activities and net cash used in investing activities. Prior period amounts have been revised to properly reflect capital invoices not paid in cash as of the end of each period presented. Purchases of property, plant and equipment previously presented for the six months ended June 30, 2014, have been increased by $30 with a corresponding offset to change in working capital. At June 30, 2015 and 2014, we had $46 and $13 of purchases of property, plant and equipment included in accounts payable.
Held For Sale	Held for sale — We classify long-lived assets or disposal groups as held for sale in the period: management commits to a plan to sell; the long-lived asset or disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such long-lived assets or disposal groups; an active program to locate a buyer and other actions required to complete the plan to sell have been initiated; the sale is probable within one year; the asset or disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. Long-lived assets and disposal groups classified as held for sale are measured at the lower of their carrying amount or fair value less costs to sell. See Note 2 for additional information regarding the disposal group held for sale at the end of 2014 and divested in January 2015.
Discontinued Operations	Discontinued operations — Prior to January 1, 2015, we would classify a business component that had been disposed of or classified as held for sale as discontinued operations if the cash flows of the component were eliminated from our ongoing operations and we no longer had any significant continuing involvement in or with the component. The results of operations of our discontinued operations, including any gains or losses on disposition, were aggregated and presented on one line in the income statement. See Note 2 for additional information regarding our discontinued operations.
Recently Adopted Accounting Pronouncements	Recently adopted accounting pronouncements In April 2014, the Financial Accounting Standards Board (FASB) issued guidance that revises the definition of a discontinued operation. The revised definition limits discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have (or will have) a major effect on operations and financial results. The guidance also requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The guidance applies to covered transactions that occur after December 31, 2014. The significance of this guidance for Dana is dependent on any qualifying future dispositions or disposals.
Recently Issued Accounting Pronouncements	Recently issued accounting pronouncements In May 2015, the FASB issued guidance that removes from the fair value hierarchy investments for which fair value is measured at net asset value (or its equivalent) using the available practical expedient. The new guidance also modifies the scope of the disclosures related to such investments, eliminating from scope those investments eligible for but not actually valued using the practical expedient. Entities must continue to disclose information on investments for which fair value is measured at net asset value (or its equivalent) using the practical expedient, including information that helps readers understand the investments and whether the investments, if sold, are probable of being sold at amounts that differ from the net asset value. This guidance becomes effective January 1, 2016 and requires retrospective application. Early adoption is permitted. We are currently evaluating the impact this guidance will have on disclosures covering certain assets held by our pension plans. In April 2015, the FASB issued an amendment to provide explicit guidance about a customer's accounting for fees paid in a cloud computing arrangement. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, then the customer should account for the arrangement as a service contract. The guidance is effective January 1, 2016 and can be adopted either prospectively to all arrangements entered into or materially modified after the effective date or retrospectively. We are currently evaluating the impact this guidance will have on our consolidated financial statements. In April 2015, the FASB issued guidance to provide for a practical expedient that permits an entity to measure defined benefit plan assets and obligations as of the month end that is closest to the entity's fiscal year end or the month end that is closest to the date of a significant event caused by the entity that occurred in an interim period. Significant events, such as a plan amendment, settlement or curtailment, call for a remeasurement in accordance with existing requirements. An entity is required to disclose the accounting policy election and the date used to measure defined benefit plan assets and obligations. The guidance is effective January 1, 2016 and early adoption is permitted. The guidance will not impact our consolidated financial statements. In April 2015, the FASB issued guidance which changes the presentation of debt issuance costs. Debt issuance costs related to term debt will be presented on the balance sheet as a direct deduction from the related debt liability rather than recorded as a separate asset. The amendment does not affect the recognition and measurement of debt issuance costs. There is no effect on the statement of operations as debt issuance costs will continue to be amortized to interest expense. The guidance becomes effective January 1, 2016 and requires retrospective application to all prior periods presented. We intend to early adopt the guidance effective December 31, 2015. In February 2015, the FASB released updated consolidation guidance that entities must use to evaluate specific ownership and contractual arrangements that lead to a consolidation conclusion. The updates could change consolidation outcomes affecting presentation and disclosures. This guidance becomes effective January 1, 2016. We are currently evaluating the impact this guidance will have on our consolidated financial statements. In June 2014, the FASB issued guidance to provide clarity on whether to treat a performance target that could be achieved after the requisite service period as a performance condition that affects vesting or as a nonvesting condition that affects the grant-date fair value of a share-based payment award. Generally, an award with a performance target also requires an employee to render service until the performance target is achieved. In some cases, however, the terms of an award may provide that the performance target could be achieved after an employee completes the requisite service period. The amendment requires that a performance target that affects vesting and extends beyond the end of the service period be treated as a performance condition and not as a factor in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The guidance, which is effective January 1, 2016, is not expected to impact our consolidated financial statements. In May 2014, the FASB issued guidance that requires companies to recognize revenue in a manner that depicts the transfer of promised goods or services to customers in amounts that reflect the consideration a company expects to be entitled to in exchange for those goods or services. The new guidance will also require new disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. In July 2015, the FASB adopted a one-year deferral of this guidance. As a result, this guidance will be effective January 1, 2018 with the option to adopt the standard as of the original effective date, January 1, 2017. The guidance allows for either a full retrospective or a modified retrospective transition method. We are currently evaluating the impact this guidance will have on our consolidated financial statements.

Disposal Groups and Discontin25

Disposal Groups and Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Assets and Liabilities of Disposal Group Held for Sale	The carrying amounts of the major classes of assets and liabilities of our operations in Venezuela as of that date were as follows: December 31, 2014 Cash and cash equivalents $ 27 Current assets classified as held for sale $ 27 Accounts payable $ 16 Accrued payroll and employee benefits 4 Other accrued liabilities 1 Current liabilities classified as held for sale $ 21 Pension obligations $ 11 Other noncurrent liabilities 6 Noncurrent liabilities classified as held for sale $ 17 Accumulated other comprehensive loss classified as held for sale $ (11 )

Goodwill and Other Intangible26

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Components of Other Intangible Assets	Components of other intangible assets — June 30, 2015 December 31, 2014 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 7 $ 87 $ (83 ) $ 4 $ 90 $ (85 ) $ 5 Trademarks and trade names 16 3 (2 ) 1 3 (1 ) 2 Customer relationships 8 467 (407 ) 60 493 (416 ) 77 Non-amortizable intangible assets Trademarks and trade names 65 65 65 65 Used in research and development activities 20 20 20 20 $ 642 $ (492 ) $ 150 $ 671 $ (502 ) $ 169
Amortization Expense Related to Amortizable Intangible Assets	Amortization expense related to amortizable intangible assets — Three Months Ended Six Months Ended 2015 2014 2015 2014 Charged to cost of sales $ — $ 2 $ 1 $ 4 Charged to amortization of intangibles 4 10 9 23 Total amortization $ 4 $ 12 $ 10 $ 27
Estimated Aggregate Pre-tax Amortization Expense Related to Intangible Assets	The following table provides the estimated aggregate pre-tax amortization expense related to intangible assets for each of the next five years based on June 30, 2015 exchange rates. Actual amounts may differ from these estimates due to such factors as currency translation, customer turnover, impairments, additional intangible asset acquisitions and other events. Remainder of 2015 2016 2017 2018 2019 Amortization expense $ 8 $ 16 $ 13 $ 10 $ 9

Restructuring of Operations (Ta

Restructuring of Operations (Tables)	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Accrued Restructuring Costs and Activity	Accrued restructuring costs and activity, including noncurrent portion — Employee Termination Benefits Exit Costs Total Balance at March 31, 2015 $ 7 $ 9 $ 16 Charges to restructuring 11 11 Cash payments (3 ) (3 ) Balance at June 30, 2015 $ 15 $ 9 $ 24 Balance at December 31, 2014 $ 12 $ 9 $ 21 Charges to restructuring 11 1 12 Cash payments (7 ) (1 ) (8 ) Currency impact (1 ) (1 ) Balance at June 30, 2015 $ 15 $ 9 $ 24
Cost to Complete	Cost to complete — The following table provides project-to-date and estimated future expenses for completion of our restructuring initiatives. Expense Recognized Future Cost to Complete Prior to 2015 2015 Total to Date Light Vehicle $ 9 $ 1 $ 10 $ 2 Commercial Vehicle 23 11 34 10 Total $ 32 $ 12 $ 44 $ 12

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Changes in Equity	Changes in equity — 2015 2014 Three Months Ended June 30, Attributable to Parent Attributable Total Equity Attributable to Parent Attributable Total Equity Balance, March 31 $ 991 $ 106 $ 1,097 $ 1,272 $ 105 $ 1,377 Total comprehensive income 82 2 84 107 5 112 Preferred stock dividends — (2 ) (2 ) Common stock dividends (10 ) (10 ) (9 ) (9 ) Distributions to noncontrolling interests (5 ) (5 ) (6 ) (6 ) Common stock share repurchases (63 ) (63 ) (49 ) (49 ) Stock compensation 6 6 4 4 Stock withheld for employee taxes — (1 ) (1 ) Balance, June 30 $ 1,006 $ 103 $ 1,109 $ 1,322 $ 104 $ 1,426 Six Months Ended June 30, Balance, December 31 $ 1,080 $ 100 $ 1,180 $ 1,309 $ 104 $ 1,413 Total comprehensive income 62 14 76 136 7 143 Preferred stock dividends — (5 ) (5 ) Common stock dividends (18 ) (18 ) (16 ) (16 ) Distributions to noncontrolling interests (6 ) (6 ) (7 ) (7 ) Share conversion — 3 3 Common stock share repurchases (126 ) (126 ) (113 ) (113 ) Derecognition of noncontrolling interests (5 ) (5 ) — Stock compensation 10 10 10 10 Stock withheld for employee taxes (2 ) (2 ) (2 ) (2 ) Balance, June 30 $ 1,006 $ 103 $ 1,109 $ 1,322 $ 104 $ 1,426
Changes in Each Component of Accumulated Other Comprehensive Income of the Parent	Changes in each component of accumulated other comprehensive income (AOCI) of the parent — Parent Company Stockholders Foreign Currency Translation Hedging Investments Defined Benefit Plans Accumulated Other Comprehensive Income (Loss) Balance, March 31, 2015 $ (526 ) $ (10 ) $ 6 $ (550 ) $ (1,080 ) Other comprehensive income (loss): Currency translation adjustments 18 18 Holding loss on net investment hedge (4 ) (4 ) Holding gains and losses (3 ) (1 ) (4 ) Reclassification of amount to net income (a) 6 6 Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 7 7 Other comprehensive income (loss) 14 3 (1 ) 7 23 Balance, June 30, 2015 $ (512 ) $ (7 ) $ 5 $ (543 ) $ (1,057 ) Balance, March 31, 2014 $ (254 ) $ — $ 3 $ (481 ) $ (732 ) Other comprehensive income: Currency translation adjustments 14 14 Holding gains and losses 1 3 4 Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 3 3 Other comprehensive income 14 1 3 3 21 Balance, June 30, 2014 $ (240 ) $ 1 $ 6 $ (478 ) $ (711 ) Parent Company Stockholders Foreign Currency Translation Hedging Investments Defined Benefit Plans Accumulated Other Comprehensive Income (Loss) Balance, December 31, 2014 $ (427 ) $ (9 ) $ 5 $ (566 ) $ (997 ) Other comprehensive income (loss): Currency translation adjustments (83 ) (83 ) Holding loss on net investment hedge (2 ) (2 ) 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) 13 13 Elimination of net prior service costs and actuarial losses of disposal group 10 10 Other comprehensive income (loss) (85 ) 2 — 23 (60 ) Balance, June 30, 2015 $ (512 ) $ (7 ) $ 5 $ (543 ) $ (1,057 ) Balance, December 31, 2013 $ (242 ) $ — $ 3 $ (488 ) $ (727 ) Other comprehensive income (loss): Currency translation adjustments 2 2 Holding gains and losses 1 5 6 Reclassification of amount to net income (a) (2 ) (2 ) Venezuelan bolivar devaluation 3 3 Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) 8 8 Tax expense (1 ) (1 ) Other comprehensive income 2 1 3 10 16 Balance, June 30, 2014 $ (240 ) $ 1 $ 6 $ (478 ) $ (711 ) (a) Foreign currency contract and investment reclassifications are included in other income, net. (b) See Note 8 for additional details.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Reconciliation of Numerators and Denominators of Earnings Per Share Calculations	Reconciliation of the numerators and denominators of the earnings per share calculations — Three Months Ended Six Months Ended 2015 2014 2015 2014 Income from continuing operations $ 63 $ 92 $ 137 $ 130 Less: Noncontrolling interests 4 4 15 7 Less: Preferred stock dividend requirements 2 5 Income from continuing operations available to common stockholders - Numerator basic 59 86 122 118 Preferred stock dividend requirements 2 5 Numerator diluted $ 59 $ 88 $ 122 $ 123 Net income available to common stockholders - Numerator basic $ 59 $ 84 $ 122 $ 115 Preferred stock dividend requirements 2 5 Numerator diluted $ 59 $ 86 $ 122 $ 120 Weighted-average number of shares outstanding - Denominator basic 162.1 156.7 163.4 153.7 Employee compensation-related shares, including stock options 1.1 1.3 1.2 1.2 Conversion of preferred stock 17.1 21.1 Denominator diluted 163.2 175.1 164.6 176.0

Stock Compensation (Tables)

Stock Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Granted Awards Activity	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 first half of 2015. Weighted-average Per Share Granted (In millions) Grant Date Fair Value RSUs 0.6 $ 22.25 PSUs 0.3 $ 24.70

Pension and Postretirement Be31

Pension and Postretirement Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Components of Net Periodic Benefit Cost (Credit)	Components of net periodic benefit cost (credit) — Pension 2015 2014 OPEB - Non-U.S. Three Months Ended June 30, U.S. Non-U.S. U.S. Non-U.S. 2015 2014 Interest cost $ 17 $ 2 $ 20 $ 3 $ 1 $ 2 Expected return on plan assets (28 ) (28 ) Service cost 1 2 Amortization of net actuarial loss 5 2 4 1 Net periodic benefit cost (credit) $ (6 ) $ 5 $ (4 ) $ 6 $ 1 $ 2 Six Months Ended June 30, Interest cost $ 34 $ 4 $ 40 $ 6 $ 2 $ 3 Expected return on plan assets (55 ) (1 ) (55 ) Service cost 3 3 Amortization of net actuarial loss 10 3 8 2 Net periodic benefit cost (credit) $ (11 ) $ 9 $ (7 ) $ 11 $ 2 $ 3

Marketable Securities (Tables)

Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of Marketable Securities	June 30, 2015 December 31, 2014 Cost Unrealized Fair Cost Unrealized Fair U.S. government securities $ 40 $ — $ 40 $ 38 $ — $ 38 Corporate securities 42 42 36 36 Certificates of deposit 22 22 23 23 Other 60 5 65 67 5 72 Total marketable securities $ 164 $ 5 $ 169 $ 164 $ 5 $ 169

Financing Agreements (Tables)

Financing Agreements (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Long-term Debt	Long-term debt at — Interest June 30, December 31, Senior Notes due February 15, 2019 6.500% $ — $ 55 Senior Notes due February 15, 2021 6.750% 350 350 Senior Notes due September 15, 2021 5.375% 450 450 Senior Notes due September 15, 2023 6.000% 300 300 Senior Notes due December 15, 2024 5.500% 425 425 Other indebtedness* 80 79 Total 1,605 1,659 Less: current maturities 35 46 Total long-term debt $ 1,570 $ 1,613 * Includes fair value adjustments related to an interest rate swap. See Note 11 for additional information.
Margin Based on Remaining Borrowing Availability	Advances under our $500 revolving facility bear interest at a floating rate based on, at our option, the base rate or LIBOR (each as described in the revolving credit agreement) plus a margin based on the undrawn amounts available under the agreement as set forth below: Remaining Borrowing Availability Base Rate LIBOR Rate Greater than $350 0.50 % 1.50 % Greater than $150 but less than or equal to $350 0.75 % 1.75 % $150 or less 1.00 % 2.00 %

Fair Value Measurements and D34

Fair Value Measurements and Derivatives (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	Fair value measurements on a recurring basis — Assets and liabilities that are carried in our balance sheet at fair value are as follows: Fair Value Measurements Using Quoted Prices in Active Markets Significant Inputs Observable June 30, 2015 Total (Level 1) (Level 2) Marketable securities $ 169 $ 65 $ 104 Currency forward contracts - Accounts receivable other Undesignated 2 2 Currency forward contracts - Other accrued liabilities Cash flow hedges 8 8 Undesignated 1 1 Currency swaps - Other noncurrent liabilities Undesignated 1 1 Interest rate swap - Other noncurrent liabilities Fair value hedge 2 2 December 31, 2014 Marketable securities $ 169 $ 72 $ 97 Currency forward contracts - Accounts receivable other Cash flow hedges 1 1 Undesignated 1 1 Currency forward contracts - Other accrued liabilities Cash flow hedges 11 11 Currency swaps - Other accrued liabilities Undesignated 9 9
Carrying Amounts and Fair Values of Financial Instruments	Fair value of financial instruments – The financial instruments that are not carried in our balance sheet at fair value are as follows: June 30, 2015 December 31, 2014 Carrying Value Fair Value Carrying Value Fair Value Senior notes $ 1,525 $ 1,563 $ 1,580 $ 1,643 Other indebtedness* 80 78 79 77 Total $ 1,605 $ 1,641 $ 1,659 $ 1,720 * The carrying value includes fair value adjustments related to an interest rate swap at June 30, 2015.
Notional Amount of Currency Derivatives	The following currency derivatives were outstanding at June 30, 2015 : Notional Amount (U.S. Dollar Equivalent) Functional Currency Traded Currency Designated as Undesignated Total Maturity U.S. dollar Mexican peso $ 78 $ — $ 78 Sep-16 Euro U.S. dollar, Canadian dollar, Hungarian forint, British pound, Swiss franc, Indian rupee, Russian ruble 19 29 48 Dec-16 British pound U.S. dollar, Euro 6 1 7 Sep-16 Swedish krona Euro 14 14 Sep-16 South African rand U.S. dollar, Euro 7 7 Sep-15 Thai baht U.S. dollar, Australian dollar 19 19 May-16 Brazilian real U.S. dollar, Euro 5 5 Mar-16 Indian rupee U.S. dollar, British pound, Euro 26 26 Apr-16 Total forward contracts 117 87 204 U.S. dollar Euro 116 116 Dec-16 Euro Canadian dollar, British pound 88 88 Dec-16 Indian rupee U.S. dollar 10 10 Jul-15 Total currency swaps — 214 214 Total currency derivatives $ 117 $ 301 $ 418

Warranty Obligations (Tables)

Warranty Obligations (Tables)	6 Months Ended
	Jun. 30, 2015
Product Warranties Disclosures [Abstract]
Changes in Warranty Liabilities	Changes in warranty liabilities — Three Months Ended Six Months Ended 2015 2014 2015 2014 Balance, beginning of period $ 46 $ 56 $ 47 $ 54 Amounts accrued for current period sales 7 5 14 9 Adjustments of prior estimates 2 7 4 11 Settlements of warranty claims (8 ) (9 ) (16 ) (15 ) Currency impact 1 (1 ) Balance, end of period $ 48 $ 59 $ 48 $ 59

Other Income, Net (Tables)

Other Income, Net (Tables)	6 Months Ended
	Jun. 30, 2015
Other Income and Expenses [Abstract]
Schedule of Other Income and Other Expenses, Net	Three Months Ended Six Months Ended 2015 2014 2015 2014 Interest income $ 4 $ 3 $ 7 $ 6 Government grants and incentives 1 1 2 Foreign exchange gain (loss) (6 ) 14 (6 ) 2 Strategic transaction expenses (1 ) (2 ) (1 ) Gain on derecognition of noncontrolling interest 5 Gain on sale of marketable securities 1 Recognition of unrealized gain on payment-in-kind note receivable 2 Insurance recoveries 3 4 Other 4 3 6 4 Other income, net $ 4 $ 21 $ 16 $ 15

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information	Segment information — 2015 2014 Three Months Ended June 30, External Sales Inter-Segment Sales Segment EBITDA External Sales Inter-Segment Sales Segment EBITDA Light Vehicle $ 641 $ 35 $ 66 $ 636 $ 43 $ 76 Commercial Vehicle 431 26 36 463 20 47 Off-Highway 279 10 41 335 10 46 Power Technologies 258 4 39 276 4 39 Eliminations and other (75 ) (77 ) Total $ 1,609 $ — $ 182 $ 1,710 $ — $ 208 Six Months Ended June 30, Light Vehicle $ 1,278 $ 72 $ 130 $ 1,254 $ 71 $ 106 Commercial Vehicle 864 51 71 920 46 91 Off-Highway 563 21 80 676 20 88 Power Technologies 512 8 77 548 10 83 Eliminations and other (152 ) (147 ) Total $ 3,217 $ — $ 358 $ 3,398 $ — $ 368
Reconciliation of Segment EBITDA to Consolidated Net Income	Reconciliation of segment EBITDA to consolidated net income — Three Months Ended Six Months Ended 2015 2014 2015 2014 Segment EBITDA $ 182 $ 208 $ 358 $ 368 Corporate expense and other items, net (2 ) (3 ) (2 ) 2 Depreciation (39 ) (41 ) (78 ) (81 ) Amortization of intangibles (4 ) (12 ) (10 ) (27 ) Restructuring (11 ) (3 ) (12 ) (12 ) Stock compensation expense (5 ) (5 ) (8 ) (9 ) Strategic transaction expenses and other items (1 ) 1 (2 ) Gain on derecognition of noncontrolling interest 5 Loss on extinguishment of debt (2 ) Recognition of unrealized gain on payment-in-kind note receivable 2 Interest expense (27 ) (29 ) (55 ) (59 ) Interest income 4 3 7 6 Income from continuing operations before income taxes 97 119 201 190 Income tax expense 36 33 67 67 Equity in earnings of affiliates 2 6 3 7 Income from continuing operations 63 92 137 130 Loss from discontinued operations — (2 ) — (3 ) Net income $ 63 $ 90 $ 137 $ 127

Equity Affiliates (Tables)

Equity Affiliates (Tables)	6 Months Ended
	Jun. 30, 2015
All Affiliate Investments [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	Equity method investments exceeding $5 at June 30, 2015 — Ownership Percentage Investment Dongfeng Dana Axle Co., Ltd. (DDAC) 50% $ 132 Bendix Spicer Foundation Brake, LLC 20% 48 Axles India Limited 48% 6 All others as a group 7 Investments in equity affiliates 193 Investments in affiliates carried at cost 2 Investments in affiliates $ 195
DDAC Affiliate [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investments	Summarized financial information for DDAC — Three Months Ended Six Months Ended 2015 2014 2015 2014 Sales $ 134 $ 219 $ 288 $ 423 Gross profit $ 12 $ 24 $ 23 $ 44 Pre-tax income (loss) $ (2 ) $ 10 $ (4 ) $ 14 Net income (loss) $ (1 ) $ 8 $ (3 ) $ 11 Dana's equity earnings in affiliate $ (2 ) $ 3 $ (4 ) $ 2

Organization and Summary of S39

Organization and Summary of Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2015	Jun. 30, 2014
Purchases of property, plant and equipment included in accounts payable	$ 46	$ 13
Noncontrolling Interest [Member]
Quantifying Misstatement in Current Year Financial Statements, Amount			$ 9
Productive Asset Purchase [Member]
Quantifying Misstatement in Current Year Financial Statements, Amount				$ (30)

Disposal Groups and Discontin40

Disposal Groups and Discontinued Operations - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Jan. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
No consideration received from divestiture of disposal group					$ 0
Gain on derecognition of noncontrolling interest		$ 5
Proceeds from sale of business			$ 9
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Credit to other comprehensive loss related to disposal group		10
Accumulated Defined Benefit Plans Adjustment Attributable to Noncontrolling Interest [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Credit to other comprehensive loss related to disposal group		1
Operations In Venezuela [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal group held for sale				$ 80
Gain on derecognition of noncontrolling interest		$ 5
Structural Products [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of business			9
Charge to other expense within discontinued operations			$ 1

Disposal Groups and Discontin41

Disposal Groups and Discontinued Operations - Disposal Group Held for Sale (Details) $ in Millions	Dec. 31, 2014USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Current assets classified as held for sale	$ 27
Disposal Group, Current liabilities classified as held for sale	21
Disposal Group, Noncurrent liabilities classified as held for sale	17
Operations In Venezuela [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Cash and cash equivalents	27
Disposal Group, Accounts payable	16
Disposal Group, Accrued payroll and employee benefits	4
Disposal Group, Other accrued liabilities	1
Disposal Group, Pension obligations	11
Disposal Group, Other noncurrent liabilities	6
Disposal Group, Accumulated other comprehensive loss classified as held for sale	$ (11)

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets - Components of Other Intangible Assets (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Gross Carrying Amount	$ 642	$ 671
Accumulated Impairment and Amortization	(492)	(502)
Net Carrying Amount	150	169
Trademarks and Trade Names [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	65	65
Used In Research And Development [Member]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 20	20
Core Technology [Member]
Weighted Average Useful Life (years)	7 years
Gross Carrying Amount	$ 87	90
Accumulated Impairment and Amortization	(83)	(85)
Net Carrying Amount	$ 4	5
Trademarks and Trade Names [Member]
Weighted Average Useful Life (years)	16 years
Gross Carrying Amount	$ 3	3
Accumulated Impairment and Amortization	(2)	(1)
Net Carrying Amount	$ 1	2
Customer Relationships [Member]
Weighted Average Useful Life (years)	8 years
Gross Carrying Amount	$ 467	493
Accumulated Impairment and Amortization	(407)	(416)
Net Carrying Amount	$ 60	$ 77

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets - Additional Information (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Net carrying amounts of intangible assets, other than goodwill	$ 150	$ 169
Light Vehicle Segment [Member]
Net carrying amounts of intangible assets, other than goodwill	12
Commercial Vehicle Segment [Member]
Net carrying amounts of intangible assets, other than goodwill	81
Off-Highway Segment [Member]
Net carrying amounts of intangible assets, other than goodwill	47
Power Technologies Segment [Member]
Net carrying amounts of intangible assets, other than goodwill	$ 10

Goodwill and Other Intangible44

Goodwill and Other Intangible Assets - Amortization Expense Related to Amortizable Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Charged to cost of sales	$ 0	$ 2	$ 1	$ 4
Charged to amortization of intangibles	4	10	9	23
Total amortization	$ 4	$ 12	$ 10	$ 27

Goodwill and Other Intangible45

Goodwill and Other Intangible Assets - Estimated Aggregate Pre-Tax Amortization Expense Related to Intangible Assets (Details) $ in Millions	Jun. 30, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense remainder of 2015	$ 8
Amortization expense 2016	16
Amortization expense 2017	13
Amortization expense 2018	10
Amortization expense 2019	$ 9

Restructuring of Operations - A

Restructuring of Operations - Additional Information (Details) $ in Millions	Jun. 30, 2015employee	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring expense		$ 11		$ 3	$ 12	$ 12
Estimated reduction of employees | employee	250
Restructuring and related activities, completion date period	2 years
Employee Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense		$ 11				8
Exit Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense			$ 1			$ 4

Restructuring of Operations -47

Restructuring of Operations - Accrued Restructuring Costs and Activity (Details) - Jun. 30, 2015 - USD ($) $ in Millions	Total	Total
Restructuring Reserve [Roll Forward]
Beginning balance	$ 16	$ 21
Charges to restructuring	11	12
Cash payments	(3)	(8)
Currency impact		(1)
Ending Balance	24	24
Employee Termination Benefits [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	7	12
Charges to restructuring	11	11
Cash payments	(3)	(7)
Currency impact		(1)
Ending Balance	15	15
Exit Costs [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	$ 9	9
Charges to restructuring		1
Cash payments		$ (1)
Currency impact
Ending Balance	$ 9	$ 9

Restructuring of Operations - C

Restructuring of Operations - Cost to Complete (Details) - USD ($) $ in Millions	6 Months Ended	54 Months Ended	60 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring costs incurred	$ 12	$ 32	$ 44
Future Cost to Complete	12		12
Light Vehicle Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs incurred	1	9	10
Future Cost to Complete	2		2
Commercial Vehicle Segment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs incurred	11	$ 23	34
Future Cost to Complete	$ 10		$ 10

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jul. 30, 2014
Equity [Abstract]
Dividends declared per common share	$ 0.06	$ 0.05	$ 0.05	$ 0.11	$ 0.10
Stock Repurchase Program, Authorized Amount						$ 1,400,000,000
Repurchases of common stock				$ 126,000,000	$ 113,000,000
Shares repurchased during period				5,822,021
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 185,000,000			$ 185,000,000

Stockholders' Equity - Changes

Stockholders' Equity - Changes in Equity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	$ 1,097	$ 1,377	$ 1,180	$ 1,413
Total comprehensive income	84	112	76	143
Preferred stock dividends	0	(2)	0	(5)
Common stock dividends	(10)	(9)	(18)	(16)
Distributions to noncontrolling interests	(5)	(6)	(6)	(7)
Share conversion			0	3
Common stock share repurchases	(63)	(49)	(126)	(113)
Derecognition of noncontrolling interests			(5)	0
Stock compensation	6	4	10	10
Stock withheld for employee taxes	0	(1)	(2)	(2)
Ending Balance	1,109	1,426	1,109	1,426
Attributable to Parent [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	991	1,272	1,080	1,309
Total comprehensive income	$ 82	107	$ 62	136
Preferred stock dividends		(2)		(5)
Common stock dividends	$ (10)	(9)	$ (18)	(16)
Share conversion				3
Common stock share repurchases	(63)	(49)	$ (126)	(113)
Stock compensation	$ 6	4	10	10
Stock withheld for employee taxes		(1)	(2)	(2)
Ending Balance	$ 1,006	1,322	1,006	1,322
Attributable to Non-Controlling Interests [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning Balance	106	105	100	104
Total comprehensive income	2	5	14	7
Distributions to noncontrolling interests	(5)	(6)	(6)	(7)
Derecognition of noncontrolling interests			(5)
Ending Balance	$ 103	$ 104	$ 103	$ 104

Stockholders' Equity - Change51

Stockholders' Equity - Changes in Each Component of AOCI of the Parent (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance				$ (997)
Other comprehensive income (loss):
Other comprehensive income (loss) attributable to the parent company		$ 23	$ 21	(60)	$ 16
Balance		(1,057)		(1,057)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance		(526)	(254)	(427)	(242)
Other comprehensive income (loss):
Currency translation adjustments		18	14	(83)	$ 2
Holding gains and losses on net investment hedge		(4)		(2)
Tax expense
Other comprehensive income (loss) attributable to the parent company		14	14	(85)	$ 2
Balance		(512)	(240)	(512)	(240)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance		(10)	0	(9)	0
Other comprehensive income (loss):
Holding gains and losses		(3)	1	(9)	$ 1
Reclassification of amount to net income	[1]	6		11
Tax expense
Other comprehensive income (loss) attributable to the parent company		3	1	2	$ 1
Balance		(7)	1	(7)	1
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance		6	3	$ 5	3
Other comprehensive income (loss):
Holding gains and losses		$ (1)	3		5
Reclassification of amount to net income	[1]				$ (2)
Tax expense
Other comprehensive income (loss) attributable to the parent company		$ (1)	3	$ 0	$ 3
Balance		5	6	5	6
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance		(550)	(481)	(566)	(488)
Other comprehensive income (loss):
Venezuelan bolivar devaluation					3
Reclassification adjustment for net actuarial losses included in net periodic benefit cost	[2]	7	3	13	8
Elimination of net prior service costs and actuarial losses of disposal group				10
Tax expense					(1)
Other comprehensive income (loss) attributable to the parent company		7	3	23	10
Balance		(543)	(478)	(543)	(478)
AOCI Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance		(1,080)	(732)	(997)	(727)
Other comprehensive income (loss):
Currency translation adjustments		18	14	(83)	2
Holding gains and losses on net investment hedge		(4)		(2)
Holding gains and losses		(4)	4	(9)	6
Reclassification of amount to net income	[1]	6		11	(2)
Venezuelan bolivar devaluation					3
Reclassification adjustment for net actuarial losses included in net periodic benefit cost	[2]	7	3	13	8
Elimination of net prior service costs and actuarial losses of disposal group				10
Tax expense					(1)
Other comprehensive income (loss) attributable to the parent company		23	21	(60)	16
Balance		$ (1,057)	$ (711)	$ (1,057)	$ (711)
[1]	Foreign currency contract and investment reclassifications are included in other income, net.
[2]	See Note 8 for additional details.

Earnings Per Share - Reconcilia

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, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share [Abstract]
Income from continuing operations	$ 63	$ 92	$ 137	$ 130
Less: Noncontrolling interests	$ 4	4	$ 15	7
Less: Preferred stock dividend requirements		2		5
Income from continuing operations available to common stockholders - Numerator basic	$ 59	86	$ 122	118
Numerator diluted	59	88	122	123
Net income available to common stockholders	59	84	122	115
Numerator diluted	$ 59	$ 86	$ 122	$ 120
Weighted-average number of shares outstanding - Denominator basic	162.1	156.7	163.4	153.7
Employee compensation-related shares, including stock options	1.1	1.3	1.2	1.2
Conversion of preferred stock		17.1		21.1
Denominator diluted	163.2	175.1	164.6	176

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - Jun. 30, 2015 - shares shares in Millions	Total	Total
Common Stock Equivalents [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the calculations of earnings per share as the effect of including them would have been anti-dilutive	0.3	0.2

Stock Compensation - Granted Aw

Stock Compensation - Granted Awards Activity (Details) - 6 months ended Jun. 30, 2015 - $ / shares shares in Millions	Total
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other than options - Granted	0.6
Other than options - Weighted Average Per Share Grant Date Fair Value	$ 22.25
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Other than options - Granted	0.3
Other than options - Weighted Average Per Share Grant Date Fair Value	$ 24.70

Stock Compensation - Additional

Stock Compensation - Additional Information (Details) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from exercise of stock options				$ 2
Cash paid to settle SARs and RSUs				2
Stock compensation expense		$ 5	$ 5	8	$ 9
Total unrecognized compensation cost related to nonvested awards granted and expected to vest		$ 31		$ 31
Weighted-average period in which the total unrecognized compensation cost is expected to be recognized	2 years
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term				3 years
Risk-free interest rate				0.92%
Dividend yield				0.92%
Expected volatility rate				35.10%
Historical volatility period				3 years
Stock Option And Stock Appreciation Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options and SARs exercised in period				0.2
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued in period				0.4

Pension and Postretirement Be56

Pension and Postretirement Benefit Plans - Components of Net Periodic Benefit Cost (Credit) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
United States Pension Plans of US Entity, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 17	$ 20	$ 34	$ 40
Expected return on plan assets	$ (28)	$ (28)	$ (55)	$ (55)
Service cost
Amortization of net actuarial loss	$ 5	$ 4	$ 10	$ 8
Net periodic benefit cost (credit)	(6)	(4)	(11)	(7)
Foreign Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 2	$ 3	4	$ 6
Expected return on plan assets			(1)
Service cost	$ 1	$ 2	3	$ 3
Amortization of net actuarial loss	2	1	3	2
Net periodic benefit cost (credit)	5	6	9	11
Foreign Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 1	$ 2	$ 2	$ 3
Expected return on plan assets
Service cost
Amortization of net actuarial loss
Net periodic benefit cost (credit)	$ 1	$ 2	$ 2	$ 3

Marketable Securities - Schedul

Marketable Securities - Schedule of Marketable Securities (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Cost	$ 164	$ 164
Unrealized Gain (Loss)	5	5
Fair Value	169	169
US Treasury and Government [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	40	38
Unrealized Gain (Loss)	0	0
Fair Value	40	38
Corporate Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	$ 42	$ 36
Unrealized Gain (Loss)
Fair Value	$ 42	$ 36
Certificates of Deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	$ 22	$ 23
Unrealized Gain (Loss)
Fair Value	$ 22	$ 23
Other Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	60	67
Unrealized Gain (Loss)	5	5
Fair Value	$ 65	$ 72

Marketable Securities - Additio

Marketable Securities - Additional Information (Details) - United States Government Agencies Corporate Debt Securities And Certificates Of Deposit [Member] $ in Millions	Jun. 30, 2015USD ($)
Schedule of Available-for-sale Securities [Line Items]
Marketable securities, maturing in one year or less	$ 38
Marketable securities, maturing after one year through five years	62
Marketable securities, maturing after five years through ten years	$ 3

Financing Agreements - Long-ter

Financing Agreements - Long-term Debt (Details) - USD ($) $ in Millions	Jun. 30, 2015		Dec. 31, 2014
Debt Instrument [Line Items]
Total	$ 1,605		$ 1,659
Less: current maturities	35		46
Total long-term debt	$ 1,570		$ 1,613
Senior Notes Due February 2019 [Member]
Debt Instrument [Line Items]
Interest Rate	6.50%		6.50%
Total	$ 0		$ 55
Senior Notes Due February 2021 [Member]
Debt Instrument [Line Items]
Interest Rate	6.75%		6.75%
Total	$ 350		$ 350
Senior Notes Due September 2021 [Member]
Debt Instrument [Line Items]
Interest Rate	5.375%		5.375%
Total	$ 450		$ 450
Senior Notes Due September 2023 [Member]
Debt Instrument [Line Items]
Interest Rate	6.00%		6.00%
Total	$ 300		$ 300
Senior Notes Due December 2024 [Member]
Debt Instrument [Line Items]
Interest Rate	5.50%		5.50%
Total	$ 425		$ 425
Other indebtedness [Member]
Debt Instrument [Line Items]
Total	$ 80	[1]	$ 79
[1]	* Includes fair value adjustments related to an interest rate swap. See Note 11 for additional information.

Financing Agreements - Addition

Financing Agreements - Additional Information (Details) - USD ($)	Mar. 16, 2015	Jan. 08, 2015	Dec. 31, 2014	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Debt Instrument [Line Items]
Loss on extinguishment of debt							$ (2,000,000)
Revolving Facility [Member]
Debt Instrument [Line Items]
Current aggregate facility				$ 500,000,000			$ 500,000,000
Line of credit facility, unused capacity, benchmark							50.00%
Line of credit facility, maximum letters of credit				300,000,000			$ 300,000,000
Fronting fee rate							0.125%
Line of credit facility, amount outstanding				0			$ 0
Utilized letters of credit				39,000,000			39,000,000
Borrowing base collateral				431,000,000			431,000,000
Available borrowing capacity				$ 392,000,000			$ 392,000,000
Revolving Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Commitment fee rate							0.25%
Revolving Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Commitment fee rate							0.375%
Senior Notes Due December 2024 [Member]
Debt Instrument [Line Items]
Senior notes issued			$ 425,000,000
Net proceeds of the offering			418,000,000
Financing costs			7,000,000
Senior Notes Due February 2019 [Member]
Debt Instrument [Line Items]
Debt redeemed	$ 15,000,000	$ 40,000,000	$ 345,000,000
Weighted average debt redemption price	103.25%	103.00%	104.116%
Loss on extinguishment of debt			$ 19,000,000		$ 2,000,000
Write-off of deferred financing cost			$ 4,000,000

Financing Agreements - Margin B

Financing Agreements - Margin Based on Remaining Borrowing Availability (Details) - Revolving Facility [Member]	6 Months Ended
	Jun. 30, 2015
Base Rate [Member] | Greater than $350 [Member]
Debt Instrument [Line Items]
Margin rate	0.50%
Base Rate [Member] | Greater than $150 but less than or equal to $350 [Member]
Debt Instrument [Line Items]
Margin rate	0.75%
Base Rate [Member] | $150 or less [Member]
Debt Instrument [Line Items]
Margin rate	1.00%
LIBOR Rate [Member] | Greater than $350 [Member]
Debt Instrument [Line Items]
Margin rate	1.50%
LIBOR Rate [Member] | Greater than $150 but less than or equal to $350 [Member]
Debt Instrument [Line Items]
Margin rate	1.75%
LIBOR Rate [Member] | $150 or less [Member]
Debt Instrument [Line Items]
Margin rate	2.00%

Fair Value Measurements and D62

Fair Value Measurements and Derivatives - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable securities	$ 169	$ 169
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable securities	169	169
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable securities	65	72
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Marketable securities	104	97
Fair Value, Measurements, Recurring [Member] | Accounts Receivable Other [Member] | Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Currency contracts asset value	2	1
Fair Value, Measurements, Recurring [Member] | Accounts Receivable Other [Member] | Foreign Exchange Forward [Member] | Cash Flow Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Currency contracts asset value		1
Fair Value, Measurements, Recurring [Member] | Accounts Receivable Other [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Currency contracts asset value	2	1
Fair Value, Measurements, Recurring [Member] | Accounts Receivable Other [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Forward [Member] | Cash Flow Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Currency contracts asset value		1
Fair Value, Measurements, Recurring [Member] | Other Accrued Liabilities [Member] | Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Currency contracts liability value	1
Fair Value, Measurements, Recurring [Member] | Other Accrued Liabilities [Member] | Foreign Exchange Forward [Member] | Cash Flow Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Currency contracts liability value	8	11
Fair Value, Measurements, Recurring [Member] | Other Accrued Liabilities [Member] | Currency Swap [Member] | Not Designated as Hedging Instrument [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Currency contracts liability value		9
Fair Value, Measurements, Recurring [Member] | Other Accrued Liabilities [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Currency contracts liability value	1
Fair Value, Measurements, Recurring [Member] | Other Accrued Liabilities [Member] | Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Forward [Member] | Cash Flow Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Currency contracts liability value	8	11
Fair Value, Measurements, Recurring [Member] | Other Accrued Liabilities [Member] | Fair Value, Inputs, Level 2 [Member] | Currency Swap [Member] | Not Designated as Hedging Instrument [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Currency contracts liability value		$ 9
Fair Value, Measurements, Recurring [Member] | Other Noncurrent Liabilities [Member] | Currency Swap [Member] | Not Designated as Hedging Instrument [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Currency contracts liability value	1
Fair Value, Measurements, Recurring [Member] | Other Noncurrent Liabilities [Member] | Interest Rate Swap [Member] | Fair Value Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Interest rate swap liability value	2
Fair Value, Measurements, Recurring [Member] | Other Noncurrent Liabilities [Member] | Fair Value, Inputs, Level 2 [Member] | Currency Swap [Member] | Not Designated as Hedging Instrument [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Currency contracts liability value	1
Fair Value, Measurements, Recurring [Member] | Other Noncurrent Liabilities [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member] | Fair Value Hedging [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Interest rate swap liability value	$ 2

Fair Value Measurements and D63

Fair Value Measurements and Derivatives - Fair Value of Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2015		Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Carrying Value	$ 1,605		$ 1,659
Fair Value	1,641		1,720
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Market Approach Valuation Technique [Member] | Senior Notes Total [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Carrying Value	1,525		1,580
Fair Value	1,563		1,643
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Income Approach Valuation Technique [Member] | Other indebtedness [Member]
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Carrying Value	80	[1]	79
Fair Value	$ 78		$ 77
[1]	* The carrying value includes fair value adjustments related to an interest rate swap at June 30, 2015.

Fair Value Measurements and D64

Fair Value Measurements and Derivatives - Additional Information (Details) - USD ($)	3 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Basis point spread	3.07%
Net investment hedge translation adjustment	$ 2,000,000
Cash flow hedge loss to be reclassified to earnings during next 12 months	8,000,000		$ 10,000,000
Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amounts of derivatives	425,000,000
Foreign Exchange Forward [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amounts of derivatives	204,000,000		296,000,000
Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amounts of derivatives	214,000,000		$ 10,000,000
United States of America, Dollars [Member] | Foreign Exchange Forward [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amounts of derivatives	78,000,000
United States of America, Dollars [Member] | Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amounts of derivatives	116,000,000
Fair Value Hedging [Member] | Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amounts of derivatives	340,000,000
Change in fair value of the interest rate swap	2,000,000
Change in fair value of the debt	2,000,000
Net Investment Hedging [Member] | United States of America, Dollars [Member] | Foreign Exchange Forward [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amounts of derivatives	$ 0	$ 98,000,000
Senior Notes Due December 2024 [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Interest Rate	5.50%		5.50%
Senior Notes Due December 2024 [Member] | Fair Value Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Hedged fixed-rate debt	$ 425,000,000

Fair Value Measurements and D65

Fair Value Measurements and Derivatives - Notional Amount of Currency Derivatives (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Foreign Exchange Forward [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 204	$ 296
Foreign Exchange Forward [Member] | United States of America, Dollars [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Traded Currency	Mexican peso
Derivative, Notional Amount	$ 78
Foreign Exchange Forward [Member] | Euro Member Countries, Euro [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Traded Currency	U.S. dollar, Canadian dollar, Hungarian forint, British pound, Swiss franc, Indian rupee, Russian ruble
Derivative, Notional Amount	$ 48
Foreign Exchange Forward [Member] | United Kingdom, Pounds [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Traded Currency	U.S. dollar, Euro
Derivative, Notional Amount	$ 7
Foreign Exchange Forward [Member] | Swedish krona [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Traded Currency	Euro
Derivative, Notional Amount	$ 14
Foreign Exchange Forward [Member] | South Africa Rand [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Traded Currency	U.S. dollar, Euro
Derivative, Notional Amount	$ 7
Foreign Exchange Forward [Member] | Thailand, Baht [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Traded Currency	U.S. dollar, Australian dollar
Derivative, Notional Amount	$ 19
Foreign Exchange Forward [Member] | Brazil, Brazil Real
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Traded Currency	U.S. dollar, Euro
Derivative, Notional Amount	$ 5
Foreign Exchange Forward [Member] | Indian rupee [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Traded Currency	U.S. dollar, British pound, Euro
Derivative, Notional Amount	$ 26
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	87
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | United States of America, Dollars [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	0
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | Euro Member Countries, Euro [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	29
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | United Kingdom, Pounds [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 1
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | Swedish krona [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | South Africa Rand [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 7
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | Thailand, Baht [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	19
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | Brazil, Brazil Real
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	5
Foreign Exchange Forward [Member] | Not Designated as Hedging Instrument [Member] | Indian rupee [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	26
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	117
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member] | United States of America, Dollars [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	78
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member] | Euro Member Countries, Euro [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	19
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member] | United Kingdom, Pounds [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	6
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member] | Swedish krona [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 14
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member] | South Africa Rand [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member] | Brazil, Brazil Real
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount
Foreign Exchange Forward [Member] | Cash Flow Hedging [Member] | Indian rupee [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount
Currency Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 214	$ 10
Currency Swap [Member] | United States of America, Dollars [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Traded Currency	Euro
Derivative, Notional Amount	$ 116
Currency Swap [Member] | Euro Member Countries, Euro [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Traded Currency	Canadian dollar, British pound
Derivative, Notional Amount	$ 88
Currency Swap [Member] | Indian rupee [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Traded Currency	U.S. dollar
Derivative, Notional Amount	$ 10
Currency Swap [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	214
Currency Swap [Member] | Not Designated as Hedging Instrument [Member] | United States of America, Dollars [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	116
Currency Swap [Member] | Not Designated as Hedging Instrument [Member] | Euro Member Countries, Euro [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	88
Currency Swap [Member] | Not Designated as Hedging Instrument [Member] | Indian rupee [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	10
Foreign Exchange Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	418
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	301
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 117

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	6 Months Ended
	Jun. 30, 2015USD ($)Leaseclaim	Dec. 31, 2014USD ($)claim
Loss Contingencies [Line Items]
Accrued environmental liabilities	$ 6,000,000	$ 7,000,000
Structural Products [Member]
Loss Contingencies [Line Items]
Guarantee of lease obligations, number of leases assigned | Lease	3
Guaranteed annual lease payments through June 2025 related to divested business	$ 6,000,000
Environmental Issue [Member]
Loss Contingencies [Line Items]
Probable recovery receivable		$ 1,000,000
Minimum [Member]
Loss Contingencies [Line Items]
Approval amount for dividends and other distributions	$ 1,000,000
Asbestos Issue [Member]
Loss Contingencies [Line Items]
Asbestos claims pending | claim	25,000	25,000
Asbestos claims accrued	$ 80,000,000	$ 81,000,000
Time horizon used to estimate asbestos liability	15 years
Probable recovery receivable	$ 52,000,000	52,000,000
Damages from Product Defects [Member]
Loss Contingencies [Line Items]
Probable recovery receivable	0	0
Other product liabilities, non-asbestos	$ 1,000,000	$ 1,000,000

Warranty Obligations - Changes

Warranty Obligations - Changes in Warranty Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance, beginning of period	$ 46	$ 56	$ 47	$ 54
Amounts accrued for current period sales	7	5	14	9
Adjustments of prior estimates	2	7	4	11
Settlements of warranty claims	(8)	$ (9)	(16)	$ (15)
Currency impact	1		(1)
Balance, end of period	$ 48	$ 59	$ 48	$ 59

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jul. 31, 2013
Income tax expense	$ 36,000,000	$ 33,000,000	$ 67,000,000	$ 67,000,000
US federal statutory income tax rate	35.00%	35.00%	35.00%	35.00%
Effective income tax rate			33.00%	35.00%
Tax expense related to repatriation of foreign earnings	$ 2,000,000	$ 2,000,000	$ 3,000,000	$ 3,000,000
Tax expense related to other adjustments	6,000,000	1,000,000	6,000,000	$ 5,000,000
Deferred tax asset valuation allowance reasonably likely to reverse in next twelve months	$ 500,000,000		$ 500,000,000
Senior Notes Sold In 2013 [Member]
Senior notes issued					$ 750,000,000
ITALY
Tax expense related to settlements of outstanding tax matters		$ 2,000,000

Other Income, Net - (Details)

Other Income, Net - (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other Income and Expenses [Abstract]
Interest income	$ 4	$ 3	$ 7	$ 6
Government grants and incentives		1	1	2
Foreign exchange gain (loss)	$ (6)	$ 14	(6)	2
Strategic transaction expenses	$ (1)		(2)	$ (1)
Gain on derecognition of noncontrolling interest			5
Gain on sale of marketable securities			$ 1
Recognition of unrealized gain on payment-in-kind note receivable				$ 2
Insurance recoveries	$ 3		$ 4
Other	4	$ 3	6	$ 4
Other income, net	$ 4	$ 21	$ 16	$ 15

Other Income, Net - Additional

Other Income, Net - Additional Information (Details) $ in Millions	3 Months Ended
	Jun. 30, 2014USD ($)VEF / $	Mar. 31, 2014USD ($)VEF / $	Feb. 28, 2013VEF / $
Amount charged to expense due to inflationary accounting | $		$ 17
Official Exchange [Member]
Foreign Currency Exchange Rate, Remeasurement			6.3
Foreign Currency Transaction Gain (Loss), Realized | $	$ 7
SICAD [Member]
Foreign Currency Exchange Rate, Remeasurement	10.6	10.7
SICAD2 [Member]
Foreign Currency Transaction Gain (Loss), Realized | $	$ 6
Average Transacted Exchange Rate	49.9

Segments - Segment Information

Segments - Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Net sales	$ 1,609	$ 1,710	$ 3,217	$ 3,398
Segment EBITDA	182	208	358	368
Light Vehicle Segment [Member]
Segment Reporting Information [Line Items]
Net sales	641	636	1,278	1,254
Segment EBITDA	66	76	130	106
Commercial Vehicle Segment [Member]
Segment Reporting Information [Line Items]
Net sales	431	463	864	920
Segment EBITDA	36	47	71	91
Off-Highway Segment [Member]
Segment Reporting Information [Line Items]
Net sales	279	335	563	676
Segment EBITDA	41	46	80	88
Power Technologies Segment [Member]
Segment Reporting Information [Line Items]
Net sales	258	276	512	548
Segment EBITDA	$ 39	$ 39	$ 77	$ 83
Eliminations and other [Member]
Segment Reporting Information [Line Items]
Net sales
Segment EBITDA
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ 0	$ 0	$ 0	$ 0
Intersegment Eliminations [Member] | Light Vehicle Segment [Member]
Segment Reporting Information [Line Items]
Net sales	35	43	72	71
Intersegment Eliminations [Member] | Commercial Vehicle Segment [Member]
Segment Reporting Information [Line Items]
Net sales	26	20	51	46
Intersegment Eliminations [Member] | Off-Highway Segment [Member]
Segment Reporting Information [Line Items]
Net sales	10	10	21	20
Intersegment Eliminations [Member] | Power Technologies Segment [Member]
Segment Reporting Information [Line Items]
Net sales	4	4	8	10
Intersegment Eliminations [Member] | Eliminations and other [Member]
Segment Reporting Information [Line Items]
Net sales	$ (75)	$ (77)	$ (152)	$ (147)

Segments - Reconciliation of Se

Segments - Reconciliation of Segment EBITDA to Consolidated Net Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting [Abstract]
Segment EBITDA	$ 182	$ 208	$ 358	$ 368
Corporate expense and other items, net	(2)	(3)	(2)	2
Depreciation	(39)	(41)	(78)	(81)
Amortization of intangibles	(4)	(12)	(10)	(27)
Restructuring	(11)	(3)	(12)	(12)
Stock compensation expense	(5)	(5)	(8)	$ (9)
Strategic transaction expenses and other items	$ (1)	$ 1	(2)
Gain on derecognition of noncontrolling interest			5
Loss on extinguishment of debt			$ (2)
Recognition of unrealized gain on payment-in-kind note receivable				$ 2
Interest expense	$ (27)	$ (29)	$ (55)	(59)
Interest income	4	3	7	6
Income from continuing operations before income taxes	97	119	201	190
Income tax expense	36	33	67	67
Equity in earnings of affiliates	2	6	3	7
Income from continuing operations	63	92	137	130
Loss from discontinued operations	0	(2)	0	(3)
Net income	$ 63	$ 90	$ 137	$ 127

Equity Affiliates - Additional

Equity Affiliates - Additional Information (Details) $ in Millions	Jun. 30, 2015USD ($)
Equity Method Investments and Joint Ventures [Abstract]
Equity method investments exceeding minimum value	$ 5

Equity Affiliates - Principal C

Equity Affiliates - Principal Components of Investments in Equity Affiliates (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Investments in equity affiliates	$ 193
Investments in affiliates carried at cost	2
Investments in affiliates	$ 195	$ 204
Dongfeng Dana Axle Co., Ltd. (DDAC)
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	50.00%
Investments in equity affiliates	$ 132
Bendix Spicer Foundation Brake, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	20.00%
Investments in equity affiliates	$ 48
Axles India Limited [Member]
Schedule of Equity Method Investments [Line Items]
Ownership Percentage	48.00%
Investments in equity affiliates	$ 6
All others as a group [Member]
Schedule of Equity Method Investments [Line Items]
Investments in equity affiliates	$ 7

Equity Affiliates - Summarized

Equity Affiliates - Summarized Financial Information for DDAC (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Schedule of Equity Method Investments [Line Items]
Dana's equity earnings in affiliate	$ 2	$ 6	$ 3	$ 7
Dongfeng Dana Axle Co., Ltd. (DDAC)
Schedule of Equity Method Investments [Line Items]
Sales	134	219	288	423
Gross profit	12	24	23	44
Pre-tax income (loss)	(2)	10	(4)	14
Net income (loss)	(1)	8	(3)	11
Dana's equity earnings in affiliate	$ (2)	$ 3	$ (4)	$ 2