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Revenue
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following tables summarize previously reported revenues for the years ended December 31, 2019, 2018 and 2017:
 
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
 
 
(in millions)
Agriculture
 
$
10,959

 
$
11,682

 
$
10,683

Construction
 
2,768

 
3,021

 
2,530

Commercial and Specialty Vehicles
 
10,439

 
10,939

 
10,562

Powertrain
 
4,117

 
4,565

 
4,369

Eliminations and Other
 
(2,134
)
 
(2,376
)
 
(2,375
)
Total Industrial Activities
 
26,149

 
27,831

 
25,769

Financial Services
 
2,011

 
1,989

 
2,028

Eliminations and Other
 
(81
)
 
(114
)
 
(96
)
Total Revenues
 
$
28,079

 
$
29,706

 
$
27,701

The following table disaggregates previously reported revenues by major source for the years ended December 31, 2019, 2018 and 2017:
 
 
 
Year Ended December 31,
 
 
 
2019
 
2018
 
2017
 
 
 
(in millions)
 
 
Revenues from:
 
 
 
 
 
 
 
Sales of goods
 
$
25,103

 
$
26,838

 
$
24,987

 
Rendering of services and other revenues
 
660

 
527

 
438

 
Rents on assets sold with a buy-back commitment
 
386

 
466

 
344

 
Revenues from sales of goods and services
 
$
26,149

 
$
27,831

 
$
25,769

 
Finance and interest income
 
1,164

 
1,115

 
1,185

 
Rents and other income on operating lease
 
766

 
760

 
747

 
Finance, interest and other income
 
$
1,930

 
$
1,875

 
$
1,932

 
Total Revenues
 
$
28,079

 
$
29,706

 
$
27,701


Contract liabilities recorded in Other liabilities were $1,236 million, $1,368 million and $1,498 million at December 31, 2019, 2018 and 2017, respectively. Contract liabilities primarily relate to extended warranties/maintenance and repair contracts, and transactions for the sale of vehicles with a buy-back commitment. During the year ended December 31, 2019, 2018 and 2017, revenues included $508 million, $544 million and $496 million, respectively, relating to contract liabilities outstanding at the beginning of each period.
As of December 31, 2019, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $2.0 billion (approximately $2.2 billion at December 31, 2018). CNH Industrial expects to recognize revenue on approximately 39% and 84% of the remaining performance obligations over the next 12 and 36 months, respectively (approximately 40% and 84% as of December 31, 2018, respectively) with the remaining recognized thereafter.