XML 12 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Net sales $ 7,043 $ 4,993
Finance, interest and other income 430 468
Total Revenues 7,473 5,461
Costs and Expenses    
Cost of goods sold 5,733 4,414
Selling, general and administrative expenses 540 526
Research and development expenses 263 214
Restructuring expenses 2 5
Interest expense 161 181
Other, net 217 197
Total Costs and Expenses 6,916 5,537
Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates 557 (76)
Income tax (expense) benefit (157) 23
Equity in income of unconsolidated subsidiaries and affiliates 25 (1)
Net income (loss) 425 (54)
Net income attributable to noncontrolling interests 17 11
Net income (loss) attributable to CNH Industrial N.V. $ 408 $ (65)
Earnings (loss) per share attributable to common shareholders    
Basic (in usd per share) $ 0.30 $ (0.05)
Diluted (in usd per share) 0.30 (0.05)
Cash dividends declared per common share (in usd per share) $ 0 $ 0