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REVENUE
 6 Months Ended
Jun. 30, 2022
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
The following table summarizes revenues for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30,
20222021
(in millions)
Agriculture$4,722 $3,970 
Construction891 808 
Eliminations and Other— — 
Total Industrial Activities$5,613 $4,778 
Financial Services471 392 
Eliminations and Other(2)4 
Total Revenues $6,082 $5,174 
Six Months Ended June 30,
20222021
(in millions)
Agriculture$8,099 $7,008 
Construction1,694 1,464 
Eliminations and Other— — 
Total Industrial Activities$9,793 $8,472 
Financial Services937 789 
Eliminations and Other(3)9 
Total Revenues$10,727 $9,270 
The following table disaggregates revenues by major source for the three and six months ended June 30, 2022 and 2021:
Three Months Ended June 30,
20222021
(in millions)
Revenues from:
Sales of goods$5,604 $4,774 
Rendering of services and other revenues9 4 
Revenues from sales of goods and services5,613 4,778 
Finance and interest income271 221 
Rents and other income on operating lease198 175 
Finance, interest and other income469 396 
Total Revenues$6,082 $5,174 
Six Months Ended June 30,
20222021
(in millions)
Revenues from:
Sales of goods$9,778 $8,463 
Rendering of services and other revenues15 9 
Revenues from sales of goods and services9,793 8,472 
Finance and interest income512 445 
Rents and other income on operating lease422 353 
Finance, interest and other income934 798 
Total Revenues$10,727 $9,270 
Contract liabilities recorded in Other liabilities were $26 million and $20 million at June 30, 2022 and December 31, 2021, respectively. Contract liabilities primarily relate to extended warranties/maintenance and repair contracts.
At June 30, 2022, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $21 million ($15 million as of December 31, 2021). The Company expects to recognize revenue on approximately 29% and 87% of the remaining performance obligations over the next 12 and 36 months, respectively (approximately 30% and 89% as of December 31, 2021), with the remaining recognized thereafter.