DANA INC
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
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Other Income (Expense), Net
Note16. Other Income (Expense), Net
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2024 | 2023 | 2024 | 2023 | |
| Non-service cost components of pension and OPEB costs | $(8) | $(4) | $(14) | $(10) |
| Government assistance | 1 | 4 | 4 | 12 |
| Foreign exchange loss | (3) | (1) | (7) | |
| Strategic transaction expenses | (1) | (2) | (5) | (4) |
| Loss on sale of property, plant and equipment | (1) | (5) | (1) | |
| Other, net | 7 | 5 | 23 | 13 |
| Other income (expense), net | $(4) | $1 | $(4) | $10 |
Foreign exchange gains and losses on cross-currency intercompany loan balances that arenot 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.
Strategic transaction expenses relate primarily to costs incurred in connection with acquisition and divestiture related activities, including costs to complete the transaction and post-closing integration costs, and other strategic initiatives. Strategic transaction expenses in thenine months ended* September 30, 2024and2023* were primarily attributable to investigating potential acquisitions and business ventures and other strategic initiatives.
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