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
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—
| Three Months Ended | ||||||
|---|---|---|---|---|---|---|
| September 30, | ||||||
| 2026 | 2025 | |||||
| Employee Termination Benefits | Exit Costs | Total | Employee Termination Benefits | Exit Costs | Total | |
| Balance, beginning of period | $10 | $2 | $12 | $38 | $— | $38 |
| Charges to restructuring | 4 | 3 | 7 | 5 | 2 | 7 |
| Adjustments of accruals | (2) | (2) | (3) | (3) | ||
| Cash payments | (1) | (4) | (5) | (7) | (2) | (9) |
| Currency impact | — | (1) | (1) | |||
| Balance, end of period | $11 | $1 | $12 | $32 | $— | $32 |
| Nine Months Ended | ||||||
| September 30, | ||||||
| 2026 | 2025 | |||||
| Employee Termination Benefits | Exit Costs | Total | Employee Termination Benefits | Exit Costs | Total | |
| Balance, beginning of period | $21 | $2 | $23 | $44 | $1 | $45 |
| Charges to restructuring | 10 | 16 | 26 | 18 | 5 | 23 |
| Adjustments of accruals | (6) | (6) | (6) | (6) | ||
| Cash payments | (14) | (17) | (31) | (26) | (6) | (32) |
| Currency impact | — | 2 | 2 | |||
| Balance, end of period | $11 | $1 | $12 | $32 | $— | $32 |
At* September 30, 2026*, the accrued employee termination benefits include costs to reduce approximately 200 employees to be completed over the next year.
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