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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Net sales $ 5,150 $ 7,068 $ 10,143 $ 13,074
Finance, interest and other income 428 499 896 950
Total Revenues 5,578 7,567 11,039 14,024
Costs and Expenses        
Cost of goods sold 5,114 5,751 9,528 10,717
Selling, general and administrative expenses 484 555 1,010 1,094
Research and development expenses 203 273 417 517
Restructuring expenses 7 28 12 36
Interest expense 170 195 351 378
Goodwill impairment charge 585 0 585 0
Other, net (1,295) 211 (1,098) 379
Total Costs and Expenses 5,268 7,013 10,805 13,121
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates 310 554 234 903
Income tax (expense) benefit 40 (135) 63 (225)
Equity in income of unconsolidated subsidiaries and affiliates 11 8 10 13
Net income 361 427 307 691
Net income attributable to noncontrolling interests 11 13 22 20
Net income attributable to CNH Industrial N.V. $ 350 $ 414 $ 285 $ 671
Earnings per share attributable to common shareholders        
Basic (in usd per share) $ 0.26 $ 0.31 $ 0.21 $ 0.50
Diluted (in usd per share) 0.26 0.31 0.21 0.5
Cash dividends declared per common share (in usd per share) $ 0 $ 0.203 $ 0 $ 0.203