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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Net sales $ 5,332 $ 5,396 $ 16,062 $ 15,189
Finance, interest and other income 654 485 1,833 1,419
Total Revenues 5,986 5,881 17,895 16,608
Costs and Expenses        
Cost of goods sold 4,059 4,156 12,133 11,819
Selling, general and administrative expenses 462 422 1,385 1,224
Research and development expenses 266 213 766 609
Restructuring expenses 5 11 8 19
Interest expense 346 190 941 490
Other, net 186 159 536 490
Total Costs and Expenses 5,324 5,151 15,769 14,651
Income of Consolidated Group before Income Taxes 662 730 2,126 1,957
Income tax (expense) benefit (171) (192) (536) (579)
Equity in income of unconsolidated subsidiaries and affiliates 79 21 176 69
Net income (loss) 570 559 1,766 1,447
Net income (loss) attributable to noncontrolling interests 3 3 11 10
Net income (loss) attributable to CNH Industrial N.V. $ 567 $ 556 $ 1,755 $ 1,437
Earnings per share attributable to common shareholders        
Basic (in usd per share) $ 0.43 $ 0.41 $ 1.31 $ 1.06
Diluted (in usd per share) $ 0.42 $ 0.41 $ 1.30 $ 1.06
Weighted average shares outstanding        
Weighted average common shares outstanding—basic (in shares) 1,332 1,350 1,337 1,354
Weighted average common shares outstanding—diluted (in shares) 1,351 1,355 1,355 1,359
Cash dividends declared per common share (in usd per share) $ 0 $ 0 $ 0.396 $ 0.302