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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Supplemental Balance Sheet and Cash Flow Information
Note5. Supplemental Balance Sheet and Cash Flow Information
Non-cash investing and financing activities —During thesecond quarter of2026, the Company modified an operating lease, resulting in a reassessment and reclassification of the lease as a finance lease. At the modification date, the carrying amounts of the operating lease right-of-use asset and lease liability were $62 million and $57 million, respectively. Following remeasurement, the Company recognized a finance lease right-of-use asset of $103 million and a finance lease liability of $98 million. The modification was a non-cash transaction and therefore is excluded from the consolidated statements of cash flows.
Supplier finance programs — As of* September 30, 2026* and* December 31, 2025*, we had $65 and $59, respectively, of confirmed obligations subject to supplier finance programs presented as accounts payable within total current liabilities on the consolidated balance sheet.
Inventory components—
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| Raw materials | $448 | $458 |
| Work in process and finished goods | 539 | 557 |
| Total | $987 | $1,015 |
Cash, cash equivalents and restricted cash —
| September 30, 2026 | December 31, 2025 | September 30, 2025 | December 31, 2024 | |
|---|---|---|---|---|
| Cash and cash equivalents | $321 | $469 | $414 | $494 |
| Restricted cash included in other current assets | 9 | 7 | 5 | 9 |
| Restricted cash included in other noncurrent assets | 10 | 10 | 10 | 9 |
| Total cash, cash equivalents and restricted cash | $340 | $486 | $429 | $512 |
Mandatorily redeemable noncontrolling interest —Hydro-Québec owned a 45% redeemable noncontrolling interest in DanaTM4 Inc., DanaTM4 Electric Holdings BV and DanaTM4 USA, LLC. The terms of the joint venture agreement provided Hydro-Québec with the right to put all, andnot less than all, of its ownership interests in DanaTM4 Inc., DanaTM4 Electric Holdings BV and DanaTM4 USA, LLC to Dana at fair value. On* May 6, 2024,Hydro‑Québec delivered its put notice to Dana. Following this notice, Dana ceased attributing net income (loss) and other comprehensive income (loss) of DanaTM4* Inc., DanaTM4 Electric Holdings BV, and DanaTM4 USA, LLC to Hydro‑Québec’s redeemable noncontrolling interest. During thefourth quarter of2025, we finalized the purchase price with Hydro‑Québec resulting in the redeemable noncontrolling interest becoming mandatorily redeemable and reclassified the $190 redemption value to other current liabilities. On* January 20, 2026,*the transaction was completed and we paid Hydro-Québec the full purchase price of $190.
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