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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Net sales $ 4,776 $ 4,180
Finance, interest and other income 566 465
Total Revenues 5,342 4,645
Costs and Expenses    
Cost of goods sold 3,611 3,286
Selling, general and administrative expenses 438 378
Research and development expenses 231 184
Restructuring expenses 1 2
Interest expense 272 138
Other, net 163 183
Total Costs and Expenses 4,716 4,171
Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates 626 474
Income tax (expense) benefit (173) (159)
Equity in income of unconsolidated subsidiaries and affiliates 33 21
Net income (loss) 486 336
Net income attributable to noncontrolling interests 4 3
Net income (loss) attributable to CNH Industrial N.V. $ 482 $ 333
Earnings (loss) per share attributable to common shareholders    
Basic (in usd per share) $ 0.36 $ 0.24
Diluted (in usd per share) $ 0.35 $ 0.24
Average shares outstanding (in millions)    
Weighted average common shares outstanding—basic (in shares) 1,342 1,356
Weighted average common shares outstanding—diluted (in shares) 1,359 1,362
Cash dividends declared per common share (in usd per share) $ 0 $ 0