Document 6B3QV6Oxrn98NnXJbZqqJXLq4

Dana Corporation Page 124 of 176 Table of Contents Income (loss) before income taxes from continuing operations consists of the following: Year Ended December 31 2003 2002 2001 U.S. operations Non-U.S. operations $(204) 285 $(242) 128 $(359) 11 $ 81 $(114) $(348) Deferred tax benefits (liabilities) consist of the following: Postretirement benefits other than pensions Pension accruals Postemployment benefits Other employee benefits Capital loss carryforward Net operating loss carryforwards Foreign tax credits recoverable Other tax credits recoverable Inventory reserves Expense accruals Goodwill Research and development costs Other Valuation allowances Deferred tax benefits Leasing activities Depreciation -- non-leasing Other Deferred tax liabilities Net deferred tax benefits December 31 2003 2002 2001 $ 351 124 36 37 456 267 94 11 29 188 76 86 91 ----------------- 1,846 (609) ...... 1,237 (577) (177) $ 339 189 36 29 368 220 80 63 267 109 41 105 --.. 1,846 (538) _ 1,308 _ (621) (214) $ 339 33 32 20 234 79 27 77 252 23 62 .................... 1,178 (128) 1,050 -- (678) (233) (24) (754) $ 483 (835) $ 473 (935) __ $ 115 Worldwide, we have net operating loss carryforwards of approximately $720 with remaining lives ranging from one year to an indefinite period. Net benefits recognized for net operating loss carryforwards generally relate to Brazil, Germany and the United States where the losses are carried forward 20 years or indefinitely. We have a capital loss carryforward of approximately $1,302 that expires in 2007. The capital loss http://www.sec.gOv/Archives/edgar/data/26780/000095015204001384/105571ael0vk.htm 8/1/2004