EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2023

The Company’s basic earnings per share (“EPS”) is computed by dividing net income by the weighted-average number of common shares outstanding during the period.

Diluted EPS reflects the potential dilution that could occur if dilutive securities were exercised into common stock. Stock options, restricted stock units and performance stock units are considered dilutive securities.

A reconciliation of basic and diluted earnings per share is as follows (in millions, except per share amounts):


	Three Months Ended March 31,
	2023		2022
Basic earnings per share attributable to CNH Industrial N.V.
Net income (loss) attributable to CNH Industrial	$	482	$	333
Weighted average common shares outstanding—basic (in millions)	1,342		1,356
Basic earnings per share attributable to CNH Industrial N.V.	$	0.36	$	0.24
Diluted earnings per share attributable to common shareholders
Weighted average common shares outstanding—basic (in millions)	1,342		1,356
Stock compensation plans (1) (in millions)	17		6
Weighted average common shares outstanding—diluted (in millions)	1,359		1,362
Diluted earnings per share attributable to CNH Industrial N.V.	$	0.35	$	0.24

(1) For the three months ended March 31, 2023, no shares were excluded from the computation of diluted earnings per share due to an anti-dilutive impact. For the three months ended March 31, 2022, 281,000 shares were excluded from the computation of diluted earnings per share due to an anti-dilutive impact.