v3.26.1
Note 5 - Supplemental Balance Sheet and Cash Flow Information
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Additional Financial Information Disclosure [Text Block]

Note 5. Supplemental Balance Sheet and Cash Flow Information

 

Non-cash investing and financing activities —During the second quarter of 2026, the Company modified an operating lease, resulting in a reassessment and reclassification of the lease as a finance lease. At the modification date, the carrying amounts of the operating lease right-of-use asset and lease liability were $62 million and $57 million, respectively. Following remeasurement, the Company recognized a finance lease right-of-use asset of $103 million and a finance lease liability of $98 million. The modification was a non-cash transaction and therefore is excluded from the consolidated statements of cash flows.

 

Supplier finance programs — As of June 30, 2026 and December 31, 2025, we had $54 and $59, respectively, of confirmed obligations subject to supplier finance programs presented as accounts payable within total current liabilities on the consolidated balance sheet.

 

Inventory components

 

  

June 30, 2026

  

December 31, 2025

 

Raw materials

 $456  $458 

Work in process and finished goods

  524   557 

Total

 $980  $1,015 

 

Cash, cash equivalents and restricted cash —

 

  

June 30, 2026

  

December 31, 2025

  

June 30, 2025

  

December 31, 2024

 

Cash and cash equivalents

 $331  $469  $486  $494 

Restricted cash included in other current assets

  8   7   5   9 

Restricted cash included in other noncurrent assets

  10   10   10   9 

Total cash, cash equivalents and restricted cash

 $349  $486  $501  $512 

 

Mandatorily redeemable noncontrolling interest — Hydro-Québec owned a 45% redeemable noncontrolling interest in Dana TM4 Inc., Dana TM4 Electric Holdings BV and Dana TM4 USA, LLC. The terms of the joint venture agreement provided Hydro-Québec with the right to put all, and not less than all, of its ownership interests in Dana TM4 Inc., Dana TM4 Electric Holdings BV and Dana TM4 USA, LLC to Dana at fair value. On May 6, 2024, Hydro‑Québec delivered its put notice to Dana. Following this notice, Dana ceased attributing net income (loss) and other comprehensive income (loss) of Dana TM4 Inc., Dana TM4 Electric Holdings BV, and Dana TM4 USA, LLC to Hydro‑Québec’s redeemable noncontrolling interest. During the fourth quarter of 2025, we finalized the purchase price with Hydro‑Québec resulting in the redeemable noncontrolling interest becoming mandatorily redeemable and reclassified the $190 redemption value to other current liabilities. On January 20, 2026, the transaction was completed and we paid Hydro-Québec the full purchase price of $190.