DANA Inc
For the period ended Mar 31, 2026. Filed May 15, 2026.
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Mar 31, 2026 · Filed May 15, 2026
Contents
Restructuring of Operations
Note4. Restructuring of Operations
Our restructuring activities include rationalizing our operating footprint by consolidating facilities, positioning operations in lower cost locations, and headcount reduction initiatives focused on reducing operating and 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 certain costs of facilities that we are in the process of closing.
During2024, we announced actions to consolidate certain manufacturing facilities along with global headcount reductions focused on reducing engineering and overhead costs in response to market dynamics, including delays in the adoption of electric vehicles. During2026, we continued to execute on these initiatives.
Accrued restructuring costs and activity—
| Employee Termination Benefits | Exit Costs | Total | |
|---|---|---|---|
| Balance, December 31, 2025 | $21 | $2 | $23 |
| Charges to restructuring | 3 | 5 | 8 |
| Adjustments of accruals | (2) | (2) | |
| Cash payments | (8) | (7) | (15) |
| Currency impact | 1 | 1 | |
| Balance, March 31, 2026 | $15 | $— | $15 |
At* March 31, 2026*, the accrued employee termination benefits include costs to reduce approximately 300 employees to be completed over the next year.
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