Document k9b0xMVyE3Mmp26XyorGO7Epy

Dana Corporation Page 84 of 176 See Note 21 for additional information regarding our discontinued operations. Foreign Currency Translation The financial statements of subsidiaries and equity affiliates outside the United States (U.S.) located in non-highly inflationary economies are measured using the currency of the primary economic environment in which they operate as the functional currency, which for the most part is the local currency. Transaction gains and losses which result from translating assets and liabilities of these entities into the functional currency are included in net earnings. Other income includes transaction gains of $3 in 2003, $19 in 2002 42 http://www.sec.gOv/Archives/edgar/data/26780/000095015204001384/105571ael0vk.htm 8/1/2004