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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Net sales $ 5,396 $ 4,336 $ 15,189 $ 12,808
Finance, interest and other income 485 410 1,419 1,208
Total Revenues 5,881 4,746 16,608 14,016
Costs and Expenses        
Cost of goods sold 4,156 3,452 11,819 10,064
Selling, general and administrative expenses 422 349 1,224 1,023
Research and development expenses 213 157 609 453
Restructuring expenses 11 15 19 21
Interest expense 190 127 490 417
Other, net 159 124 490 422
Total Costs and Expenses 5,151 4,224 14,651 12,400
Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates 730 522 1,957 1,616
Income tax (expense) benefit (192) (79) (579) (347)
Equity in income of unconsolidated subsidiaries and affiliates 21 17 69 68
Net income (loss) from continuing operations 559 460 1,447 1,337
Net income (loss) from discontinued operations 0 (131) 0 116
Net income 559 329 1,447 1,453
Net income attributable to noncontrolling interests 3 6 10 32
Net income (loss) attributable to CNH Industrial N.V. $ 556 $ 323 $ 1,437 $ 1,421
Basic earnings (loss) per share attributable to common shareholders        
Continuing operations ( in usd per share) $ 0.41 $ 0.34 $ 1.06 $ 0.98
Discontinued operations (in usd per share) 0 (0.10) 0 0.07
Basic (in usd per share) 0.41 0.24 1.06 1.05
Diluted earnings (loss) per share attributable to common shareholders        
Continuing operations (in usd per share) 0.41 0.34 1.06 0.98
Discontinued operations (in usd per share) 0 (0.10) 0 0.06
Diluted (in usd per share) $ 0.41 $ 0.24 $ 1.06 $ 1.04
Earnings Per Share [Abstract]        
Weighted average common shares outstanding—basic (in shares) 1,350 1,354 1,354 1,354
Weighted average common shares outstanding—diluted (in shares) 1,355 1,361 1,359 1,360
Cash dividends declared per common share (in usd per share) $ 0 $ 0 $ 0.302 $ 0.132