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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
[1]
Dec. 31, 2016
[1]
Revenues      
Net sales $ 27,831 $ 25,769 $ 23,216
Finance and interest income 1,875 1,932 1,879
Total Revenues 29,706 27,701 25,095
Costs and Expenses      
Cost of goods sold 22,958 21,572 19,420
Selling, general and administrative expenses 2,351 2,315 2,246
Research and development expenses 1,061 957 860
Restructuring expenses 61 93 44
Interest expense 812 940 1,026
Other, net 997 1,165 1,521
Total Costs and Expenses 28,240 27,042 25,117
Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates 1,466 659 (22)
Income tax (expense) (417) (457) (297)
Equity in income of unconsolidated subsidiaries and affiliates 50 88 58
Net income (loss) 1,099 290 [2] (261)
Net income (loss) attributable to noncontrolling interests 31 18 3
Net income (loss) attributable to CNH Industrial N.V. $ 1,068 $ 272 $ (264)
Earnings (loss) per share attributable to common shareholders      
Basic (in usd per share) $ 0.79 $ 0.20 $ (0.19)
Diluted (in usd per share) 0.78 0.20 (0.19)
Cash dividends declared per common share (in usd per share) $ 0.173 $ 0.118 $ 0.148
[1] 2017 and 2016 figures have been recast following the retrospective adoption on January 1, 2018 of the updated accounting standards for revenue recognition (ASC 606) and retirement benefit accounting (ASU 2017-07).
[2] 2017 and 2016 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).