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REVENUE
6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
The following table summarizes revenues for the three and six months ended June 30, 2024 and 2023 (in millions of dollars):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Agriculture$3,913 $4,890 $7,286 $8,817 
Construction890 1,064 1,648 1,913 
Total Industrial Activities4,803 5,954 8,934 10,730 
Financial Services687 603 1,372 1,152 
Eliminations and other(2)10 — 27 
Total Revenues $5,488 $6,567 $10,306 $11,909 
The following table disaggregates revenues by major source for the three and six months ended June 30, 2024 and 2023 (in millions of dollars):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Revenues from:
Sales of goods$4,789 $5,942 $8,909 $10,709 
Rendering of services and other revenues14 12 25 21 
Revenues from sales of goods and services4,803 5,954 8,934 10,730 
Finance and interest income548 449 1,084 851 
Rents and other income on operating lease137 164 288 328 
Finance, interest and other income685 613 1,372 1,179 
Total Revenues$5,488 $6,567 $10,306 $11,909 
Contract liabilities recorded in Other liabilities were $59 million and $50 million at June 30, 2024 and December 31, 2023, respectively. Contract liabilities primarily relate to extended warranties. During the three and six months ended June 30, 2024, revenues included $4 million and $9 million, respectively, relating to contract liabilities outstanding at the beginning of each period. During the three and six months ended June 30, 2023 revenues included $2 million and $5 million, respectively, relating to contract liabilities outstanding at the beginning of each period.
As of June 30, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $59 million (approximately $48 million at December 31, 2023). CNH expects to recognize revenue on approximately 31% and 93% of the remaining performance obligations over the next 12 and 36 months, respectively (approximately 32% and 95% as of December 31, 2023, respectively).