XML 12 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Net sales $ 6,107 $ 5,892 $ 16,250 $ 18,966
Finance, interest and other income 385 468 1,281 1,418
Total Revenues 6,492 6,360 17,531 20,384
Costs and Expenses        
Cost of goods sold 5,178 5,015 14,706 15,732
Selling, general and administrative expenses 501 540 1,511 1,634
Research and development expenses 226 238 643 755
Restructuring expenses 7 42 19 78
Interest expense 161 192 512 570
Goodwill impairment charge 0 0 585 0
Other, net 1,388 173 290 552
Total Costs and Expenses 7,461 6,200 18,266 19,321
Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates (969) 160 (735) 1,063
Income tax (expense) benefit 15 486 78 261
Equity in income of unconsolidated subsidiaries and affiliates 22 (3) 32 10
Net income (loss) (932) 643 (625) 1,334
Net income attributable to noncontrolling interests 10 6 32 26
Net income (loss) attributable to CNH Industrial N.V. $ (942) $ 637 $ (657) $ 1,308
Earnings (loss) per share attributable to common shareholders        
Basic (in usd per share) $ (0.70) $ 0.47 $ (0.49) $ 0.97
Diluted (in usd per share) (0.70) 0.47 (0.49) 0.97
Cash dividends declared per common share (in usd per share) $ 0 $ 0 $ 0 $ 0.203