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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Net sales $ 5,954 $ 5,613 $ 10,730 $ 9,793
Finance, interest and other income 613 469 1,179 934
Total Revenues 6,567 6,082 11,909 10,727
Costs and Expenses        
Cost of goods sold 4,463 4,377 8,074 7,663
Selling, general and administrative expenses 485 424 923 802
Research and development expenses 269 212 500 396
Restructuring expenses 2 6 3 8
Interest expense 323 162 595 300
Other, net 187 148 350 331
Total Costs and Expenses 5,729 5,329 10,445 9,500
Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates 838 753 1,464 1,227
Income tax (expense) benefit (192) (228) (365) (387)
Equity in income of unconsolidated subsidiaries and affiliates 64 27 97 48
Net income (loss) 710 552 1,196 888
Net income attributable to noncontrolling interests 4 4 8 7
Net income (loss) attributable to CNH Industrial N.V. $ 706 $ 548 $ 1,188 $ 881
Earnings (loss) per share attributable to common shareholders        
Basic (in usd per share) $ 0.53 $ 0.40 $ 0.89 $ 0.65
Diluted (in usd per share) $ 0.52 $ 0.40 $ 0.88 $ 0.65
Weighted average shares outstanding (in millions)        
Weighted average common shares outstanding—basic (in shares) 1,338 1,355 1,340 1,355
Weighted average common shares outstanding—diluted (in shares) 1,355 1,360 1,357 1,360
Cash dividends declared per common share (in usd per share) $ 0.396 $ 0.302 $ 0.396 $ 0.302