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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Net sales $ 7,537 $ 6,107 $ 23,070 $ 16,250
Finance, interest and other income 435 385 1,286 1,281
Total Revenues 7,972 6,492 24,356 17,531
Costs and Expenses        
Cost of goods sold 6,235 5,178 18,835 14,706
Selling, general and administrative expenses 560 501 1,722 1,511
Research and development expenses 290 226 882 643
Restructuring expenses 22 7 32 19
Interest expense 143 161 451 512
Goodwill impairment charge 0 0 0 585
Other, net 352 1,388 650 290
Total Costs and Expenses 7,602 7,461 22,572 18,266
Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates 370 (969) 1,784 (735)
Income tax (expense) benefit (79) 15 (424) 78
Equity in income of unconsolidated subsidiaries and affiliates 38 22 93 32
Net income (loss) 329 (932) 1,453 (625)
Net income attributable to noncontrolling interests 6 10 32 32
Net income (loss) attributable to CNH Industrial N.V. $ 323 $ (942) $ 1,421 $ (657)
Earnings (loss) per share attributable to common shareholders        
Basic (in usd per share) $ 0.24 $ (0.70) $ 1.05 $ (0.49)
Diluted (in usd per share) 0.24 (0.70) 1.04 (0.49)
Cash dividends declared per common share (in usd per share) $ 0 $ 0 $ 0.132 $ 0