DANA Inc
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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, 2026 · Filed Nov 5, 2026
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Other Income (Expense), Net
Note15. Other Income (Expense), Net
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2026 | 2025 | 2026 | 2025 | |
| Non-service cost components of pension and OPEB costs | $— | $(3) | $(4) | $(7) |
| Government assistance | 1 | 1 | 5 | |
| Foreign exchange gain (loss) | (1) | (5) | 10 | (11) |
| Strategic transaction expenses | (18) | (6) | (38) | (12) |
| Loss on sale of property, plant and equipment | (1) | |||
| Electric vehicle program termination charges | (1) | (60) | ||
| Loss on divestiture of ownership interests | (8) | (7) | ||
| Transition services income | 8 | 26 | ||
| Other, net | 6 | (6) | 7 | 1 |
| Other income (expense), net | $(6) | $(20) | $(66) | $(31) |
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 in2026 were primarily attributable to the potential acquisition of Eaton's Mobility business. See Note1 for additional information.
During thefirst nine months of2026, we recorded $60 of charges, including impairment and loss on disposition of property, plant and equipment, associated with certain electric vehicle programs that were either cancelled by the customer or that have experienced a precipitous decline in program volumes.
On* January 1, 2026,we sold our Off-Highway business to Allison. At closing, Dana entered into a transition services agreement and an engineering services agreement with Allison. Services to be provided by Dana under the transition services agreement include finance, information technology, human resources and certain other administrative services for periods up to 24 months. See Note2* for additional information.
On* January 30, 2026,*we sold our wholly-owned subsidiary Pi Innovo LLC, recognizing a $8 pre-tax loss on the transaction.
On* June 6, 2025,we sold our ownership interest in Switch Mobility Limited, recognizing an $8 pre-tax loss on the transaction. See Note18* for additional information.
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