XML 91 R87.htm IDEA: XBRL DOCUMENT v3.19.3
SUPPLEMENTAL INFORMATION - Income Statement (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Net sales $ 5,892 $ 6,245 $ 18,966 $ 20,124
Finance, interest and other income 468 441 1,418 1,380
Total Revenues 6,360 6,686 20,384 21,504
Costs and Expenses        
Cost of goods sold 5,015 5,162 15,732 16,606
Selling, general and administrative expenses 540 523 1,634 1,706
Research and development expenses 238 254 755 743
Restructuring expenses 42 8 78 16
Interest expense 192 189 570 581
Other, net 173 199 552 752
Total Costs and Expenses 6,200 6,335 19,321 20,404
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates 160 351 1,063 1,100
Income tax (expense) 486 (131) 261 (312)
Equity in income of unconsolidated subsidiaries and affiliates (3) 11 10 53
Net income 643 231 1,334 841
Industrial Activities        
Revenues        
Net sales 5,892 6,245 18,966 20,124
Finance, interest and other income 23 23 76 73
Total Revenues 5,915 6,268 19,042 20,197
Costs and Expenses        
Cost of goods sold 5,015 5,162 15,732 16,606
Selling, general and administrative expenses 485 481 1,475 1,553
Research and development expenses 238 254 755 743
Restructuring expenses 41 8 75 16
Interest expense 85 102 257 333
Other, net 0 24 34 228
Total Costs and Expenses 5,864 6,031 18,328 19,479
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates 51 237 714 718
Income tax (expense) 520 (100) 362 (202)
Equity in income of unconsolidated subsidiaries and affiliates (10) 2 (10) 28
Results from intersegment investments 82 92 268 297
Net income 643 231 1,334 841
Financial Services        
Revenues        
Net sales 0 0 0 0
Finance, interest and other income 487 469 1,480 1,469
Total Revenues 487 469 1,480 1,469
Costs and Expenses        
Cost of goods sold 0 0 0 0
Selling, general and administrative expenses 55 42 159 153
Research and development expenses 0 0 0 0
Restructuring expenses 1 0 3 0
Interest expense 149 138 451 410
Other, net 173 175 518 524
Total Costs and Expenses 378 355 1,131 1,087
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates 109 114 349 382
Income tax (expense) (34) (31) (101) (110)
Equity in income of unconsolidated subsidiaries and affiliates 7 9 20 25
Results from intersegment investments 0 0 0 0
Net income $ 82 $ 92 $ 268 $ 297