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SUPPLEMENTAL INFORMATION - Income Statement (Details) - 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
Industrial Activities        
Revenues        
Net sales 5,150 7,068 10,143 13,074
Finance, interest and other income 13 23 28 53
Total Revenues 5,163 7,091 10,171 13,127
Costs and Expenses        
Cost of goods sold 5,114 5,751 9,528 10,717
Selling, general and administrative expenses 396 497 860 990
Research and development expenses 203 273 417 517
Restructuring expenses 7 26 12 34
Interest expense 72 89 146 172
Goodwill impairment charge 585 0 585 0
Other, net (1,455) 18 (1,440) 34
Total Costs and Expenses 4,922 6,654 10,108 12,464
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates 241 437 63 663
Income tax (expense) benefit 60 (104) 113 (158)
Equity in income of unconsolidated subsidiaries and affiliates 7 3 (2) 0
Results from intersegment investments 53 91 133 186
Net income 361 427 307 691
Financial Services        
Revenues        
Net sales 0 0 0 0
Finance, interest and other income 441 519 930 993
Total Revenues 441 519 930 993
Costs and Expenses        
Cost of goods sold 0 0 0 0
Selling, general and administrative expenses 88 58 150 104
Research and development expenses 0 0 0 0
Restructuring expenses 0 2 0 2
Interest expense 124 149 267 302
Goodwill impairment charge 0 0 0 0
Other, net 160 193 342 345
Total Costs and Expenses 372 402 759 753
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates 69 117 171 240
Income tax (expense) benefit (20) (31) (50) (67)
Equity in income of unconsolidated subsidiaries and affiliates 4 5 12 13
Results from intersegment investments 0 0 0 0
Net income $ 53 $ 91 $ 133 $ 186