| Equity [Text Block] |
Note 6. Stockholders’ Equity
Common stock — Our Board of Directors declared a cash dividend of twelve cents per share of common stock in the first, second and third quarters of 2026. Dividends accrue on restricted stock units (RSUs), performance share units (PSUs) and the Dana Transformation Awards granted under our stock compensation program and will be paid in cash or additional units when the underlying units vest.
Share repurchase program — On June 8, 2025 our Board of Directors approved a stock repurchase program of up to an aggregate of $1,000 less any amount of special dividends distributed in connection with the sale of the Off-Highway business. The program was set to expire on December 31, 2027. On February 11, 2026, our Board of Directors increased and extended the share repurchase program to a total of $2,000 through December 31, 2030. We repurchased 6,565,350 and 12,230,264 shares of our common stock at an aggregate cost of $200 and $369 during the three and nine months ended September 30, 2026 through open market transactions. Approximately $981 remained available under the program for future share repurchases as of September 30, 2026.
The Inflation Reduction Act of 2022, which was enacted into law on August 16, 2022, imposed a non-deductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022. We reflect the applicable excise tax as part of the cost basis of the stock repurchased and record a corresponding liability for the excise taxes payable in other accrued liabilities on our consolidated balance sheet. During the second quarter of 2026, we paid $6 of excise taxes related to 2025 share repurchases. The payment is included in other, net within financing activities in the consolidated statement of cash flows. All dollar amounts presented in this report related to our share repurchases and our share repurchase authorization exclude such excise taxes, to the extent applicable, unless otherwise indicated.
Changes in equity —
| 2026 | | Common Stock | | | Additional Paid-In Capital | | | Retained Earnings | | | Treasury Stock | | | Accumulated Other Comprehensive Loss | | | Non-controlling Interests | | | Total Equity | |
| Balance, December 31, 2025 | | $ | 1 | | | $ | 1,671 | | | $ | 235 | | | $ | (35 | ) | | $ | (1,032 | ) | | $ | 59 | | | $ | 899 | |
| Net income | | | | | | | | | | | 1,087 | | | | | | | | | | | | 4 | | | | 1,091 | |
| Other comprehensive income | | | | | | | | | | | | | | | | | | | 176 | | | | | | | | 176 | |
| Common stock dividends and dividend equivalents | | | | | | | | | | | (14 | ) | | | | | | | | | | | | | | | (14 | ) |
| Common stock share repurchases | | | | | | | (126 | ) | | | | | | | | | | | | | | | | | | | (126 | ) |
| Distributions to noncontrolling interests | | | | | | | | | | | | | | | | | | | | | | | (1 | ) | | | (1 | ) |
| Sale of noncontrolling interests | | | | | | | | | | | | | | | | | | | | | | | (3 | ) | | | (3 | ) |
| Stock compensation | | | | | | | 9 | | | | | | | | | | | | | | | | | | | | 9 | |
| Stock withheld for employee taxes | | | | | | | | | | | | | | | (17 | ) | | | | | | | | | | | (17 | ) |
| Balance, March 31, 2026 | | $ | 1 | | | $ | 1,554 | | | $ | 1,308 | | | $ | (52 | ) | | $ | (856 | ) | | $ | 59 | | | $ | 2,014 | |
| Net income (loss) | | | | | | | | | | | (5 | ) | | | | | | | | | | | 5 | | | | — | |
| Other comprehensive income | | | | | | | | | | | | | | | | | | | 19 | | | | | | | | 19 | |
| Common stock dividends and dividend equivalents | | | | | | | | | | | (13 | ) | | | | | | | | | | | | | | | (13 | ) |
| Common stock share repurchases | | | | | | | (44 | ) | | | | | | | | | | | | | | | | | | | (44 | ) |
| Distributions to noncontrolling interests | | | | | | | | | | | | | | | | | | | | | | | (1 | ) | | | (1 | ) |
| Stock compensation | | | | | | | 8 | | | | | | | | | | | | | | | | | | | | 8 | |
| Balance, June 30, 2026 | | $ | 1 | | | $ | 1,518 | | | $ | 1,290 | | | $ | (52 | ) | | $ | (837 | ) | | $ | 63 | | | $ | 1,983 | |
| Net income | | | | | | | | | | | 15 | | | | | | | | | | | | 4 | | | | 19 | |
| Other comprehensive loss | | | | | | | | | | | | | | | | | | | (10 | ) | | | | | | | (10 | ) |
| Common stock dividends and dividend equivalents | | | | | | | | | | | (14 | ) | | | | | | | | | | | | | | | (14 | ) |
| Common stock share repurchases | | | | | | | (203 | ) | | | | | | | | | | | | | | | | | | | (203 | ) |
| Distributions to noncontrolling interests | | | | | | | | | | | | | | | | | | | | | | | (7 | ) | | | (7 | ) |
| Stock compensation | | | | | | | 9 | | | | | | | | | | | | | | | | | | | | 9 | |
| Stock withheld for employee taxes | | | | | | | | | | | | | | | (1 | ) | | | | | | | | | | | (1 | ) |
| Balance, September 30, 2026 | | $ | 1 | | | $ | 1,324 | | | $ | 1,291 | | | $ | (53 | ) | | $ | (847 | ) | | $ | 60 | | | $ | 1,776 | |
| 2025 | | Common Stock | | | Additional Paid-In Capital | | | Retained Earnings | | | Treasury Stock | | | Accumulated Other Comprehensive Loss | | | Non-controlling Interests | | | Total Equity | |
| Balance, December 31, 2024 | | $ | 2 | | | $ | 2,282 | | | $ | 204 | | | $ | (13 | ) | | $ | (1,142 | ) | | $ | 63 | | | $ | 1,396 | |
| Net income | | | | | | | | | | | 25 | | | | | | | | | | | | 5 | | | | 30 | |
| Other comprehensive income | | | | | | | | | | | | | | | | | | | 32 | | | | | | | | 32 | |
| Common stock dividends and dividend equivalents | | | | | | | | | | | (15 | ) | | | | | | | | | | | | | | | (15 | ) |
| Distributions to noncontrolling interests | | | | | | | | | | | | | | | | | | | | | | | (1 | ) | | | (1 | ) |
| Stock compensation | | | | | | | 12 | | | | | | | | | | | | | | | | | | | | 12 | |
| Stock withheld for employee taxes | | | | | | | | | | | | | | | (8 | ) | | | | | | | | | | | (8 | ) |
| Balance, March 31, 2025 | | $ | 2 | | | $ | 2,294 | | | $ | 214 | | | $ | (21 | ) | | $ | (1,110 | ) | | $ | 67 | | | $ | 1,446 | |
| Net income | | | | | | | | | | | 27 | | | | | | | | | | | | 4 | | | | 31 | |
| Other comprehensive income | | | | | | | | | | | | | | | | | | | 63 | | | | 2 | | | | 65 | |
| Common stock dividends and dividend equivalents | | | | | | | | | | | (15 | ) | | | | | | | | | | | | | | | (15 | ) |
| Distributions to noncontrolling interests | | | | | | | | | | | | | | | | | | | | | | | (2 | ) | | | (2 | ) |
| Repurchase and retirement of common stock shares | | | (1 | ) | | | (258 | ) | | | | | | | | | | | | | | | | | | | (259 | ) |
| Sale of noncontrolling interests | | | | | | | | | | | | | | | | | | | | | | | (5 | ) | | | (5 | ) |
| Stock compensation | | | | | | | 9 | | | | | | | | | | | | | | | | | | | | 9 | |
| Balance, June 30, 2025 | | $ | 1 | | | $ | 2,045 | | | $ | 226 | | | $ | (21 | ) | | $ | (1,047 | ) | | $ | 66 | | | $ | 1,270 | |
| Net income | | | | | | | | | | | 83 | | | | | | | | | | | | 4 | | | | 87 | |
| Other comprehensive loss | | | | | | | | | | | | | | | | | | | | | | | (1 | ) | | | (1 | ) |
| Common stock dividends and dividend equivalents | | | | | | | | | | | (13 | ) | | | | | | | | | | | | | | | (13 | ) |
| Distributions to noncontrolling interests | | | | | | | | | | | | | | | | | | | | | | | (12 | ) | | | (12 | ) |
| Repurchase and retirement of common stock shares | | | | | | | (189 | ) | | | | | | | | | | | | | | | | | | | (189 | ) |
| Redeemable noncontrolling interests adjustment to redemption value | | | | | | | | | | | 1 | | | | | | | | | | | | | | | | 1 | |
| Stock compensation | | | | | | | 7 | | | | | | | | | | | | | | | | | | | | 7 | |
| Balance, September 30, 2025 | | $ | 1 | | | $ | 1,863 | | | $ | 297 | | | $ | (21 | ) | | $ | (1,047 | ) | | $ | 57 | | | $ | 1,150 | |
Changes in each component of accumulated other comprehensive loss (AOCI) of the parent —
| | | Parent Company Stockholders | |
| 2026 | | Foreign Currency Translation | | | Hedging | | | Defined Benefit Plans | | | Accumulated Other Comprehensive Loss | |
| Balance, December 31, 2025 | | $ | (932 | ) | | $ | 19 | | | $ | (119 | ) | | $ | (1,032 | ) |
| Currency translation adjustments | | | 4 | | | | | | | | | | | | 4 | |
| Currency translation adjustments realized in Off-Highway business divestiture | | | 177 | | | | | | | | | | | | 177 | |
| Holding gains and losses | | | | | | | 12 | | | | | | | | 12 | |
| Reclassification of amount to net income (a) | | | | | | | (17 | ) | | | | | | | (17 | ) |
| Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) | | | | | | | | | | | (1 | ) | | | (1 | ) |
| Tax benefit | | | | | | | 1 | | | | | | | | 1 | |
| Other comprehensive income (loss) | | | 181 | | | | (4 | ) | | | (1 | ) | | | 176 | |
| Balance, March 31, 2026 | | $ | (751 | ) | | $ | 15 | | | $ | (120 | ) | | $ | (856 | ) |
| Currency translation adjustments | | | 21 | | | | | | | | | | | | 21 | |
| Holding gains and losses | | | | | | | 15 | | | | | | | | 15 | |
| Reclassification of amount to net income (a) | | | | | | | (18 | ) | | | | | | | (18 | ) |
| Tax benefit | | | | | | | 1 | | | | | | | | 1 | |
| Other comprehensive income (loss) | | | 21 | | | | (2 | ) | | | — | | | | 19 | |
| Balance, June 30, 2026 | | $ | (730 | ) | | $ | 13 | | | $ | (120 | ) | | $ | (837 | ) |
| Holding gains and losses | | | | | | | (5 | ) | | | | | | | (5 | ) |
| Reclassification of amount to net income (a) | | | | | | | (7 | ) | | | | | | | (7 | ) |
| Tax benefit | | | | | | | 2 | | | | | | | | 2 | |
| Other comprehensive loss | | | — | | | | (10 | ) | | | — | | | | (10 | ) |
| Balance, September 30, 2026 | | $ | (730 | ) | | $ | 3 | | | $ | (120 | ) | | $ | (847 | ) |
| | | Parent Company Stockholders | |
| 2025 | | Foreign Currency Translation | | | Hedging | | | Defined Benefit Plans | | | Accumulated Other Comprehensive Loss | |
| Balance, December 31, 2024 | | $ | (977 | ) | | $ | (29 | ) | | $ | (136 | ) | | $ | (1,142 | ) |
| Currency translation adjustments | | | 14 | | | | | | | | | | | | 14 | |
| Holding gains and losses | | | | | | | (11 | ) | | | | | | | (11 | ) |
| Reclassification of amount to net income (a) | | | | | | | 34 | | | | | | | | 34 | |
| Tax expense | | | | | | | (5 | ) | | | | | | | (5 | ) |
| Other comprehensive income | | | 14 | | | | 18 | | | | — | | | | 32 | |
| Balance, March 31, 2025 | | $ | (963 | ) | | $ | (11 | ) | | $ | (136 | ) | | $ | (1,110 | ) |
| Currency translation adjustments | | | 39 | | | | | | | | | | | | 39 | |
| Reclassification of amount to net income (a) | | | | | | | 30 | | | | | | | | 30 | |
| Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) | | | | | | | | | | | 1 | | | | 1 | |
| Tax expense | | | | | | | (6 | ) | | | (1 | ) | | | (7 | ) |
| Other comprehensive income | | | 39 | | | | 24 | | | | — | | | | 63 | |
| Balance, June 30, 2025 | | $ | (924 | ) | | $ | 13 | | | $ | (136 | ) | | $ | (1,047 | ) |
| Currency translation adjustments | | | (7 | ) | | | | | | | | | | | (7 | ) |
| Holding gains and losses | | | | | | | 16 | | | | | | | | 16 | |
| Reclassification of amount to net income (a) | | | | | | | (8 | ) | | | | | | | (8 | ) |
| Reclassification adjustment for net actuarial losses included in net periodic benefit cost (b) | | | | | | | | | | | 1 | | | | 1 | |
| Tax expense | | | | | | | (2 | ) | | | | | | | (2 | ) |
| Other comprehensive income (loss) | | | (7 | ) | | | 6 | | | | 1 | | | | — | |
| Balance, September 30, 2025 | | $ | (931 | ) | | $ | 19 | | | $ | (135 | ) | | $ | (1,047 | ) |
(a) Realized gains and losses from currency-related forward contracts associated with forecasted transactions or from other derivative instruments treated as cash flow hedges are reclassified from AOCI into the same line item in the consolidated statement of operations in which the underlying forecasted transaction or other hedged item is recorded. See Note 11 for additional details.
(b) See Note 9 for additional details.
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