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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
[1]
Sep. 30, 2018
Sep. 30, 2017
[1]
Revenues        
Net sales $ 6,245 $ 6,238 $ 20,124 $ 18,053
Finance, interest and other income 441 451 1,380 1,424
Total Revenues 6,686 6,689 21,504 19,477
Costs and Expenses        
Cost of goods sold 5,162 5,229 16,606 15,104
Selling, general and administrative expenses 523 555 1,706 1,665
Research and development expenses 254 243 743 662
Restructuring expenses 8 53 16 77
Interest expense 189 258 581 710
Other, net 199 250 752 760
Total Costs and Expenses 6,335 6,588 20,404 18,978
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates 351 101 1,100 499
Income tax (expense) (131) (62) (312) (223)
Equity in income of unconsolidated subsidiaries and affiliates 11 21 53 66
Net income 231 60 841 342 [2]
Net income attributable to noncontrolling interests 9 4 27 12
Net income attributable to CNH Industrial N.V. $ 222 $ 56 $ 814 $ 330
Earnings (loss) per share attributable to common shareholders        
Basic (in usd per share) $ 0.16 $ 0.04 $ 0.60 $ 0.24
Diluted (in usd per share) 0.16 0.04 0.60 0.24
Cash dividends declared per common share (in usd per share) $ 0 $ 0 $ 0.173 $ 0.118
[1] 2017 figures have been recast following the retrospective adoption on January 1, 2018, of the updated accounting standards for revenue recognition (ASC 606) and retirement benefits accounting (ASU 2017-07).
[2] 2017 figures have been recast following the retrospective adoption on January 1, 2018, of the updated accounting standards for revenue recognition (ASC 606) and cash flow presentation (ASU 2016-18).