Revenue

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

The following table summarize revenues for the years ended December 31, 2024, 2023 and 2022:

	Year Ended December 31,
(in millions of dollars)	2024		2023		2022
Agriculture	$	14,007	$	18,148	$	17,969
Construction	3,053		3,932		3,572
Total Industrial Activities	17,060		22,080		21,541
Financial Services	2,774		2,573		1,996
Eliminations and other	2		34		14
Total Revenues	$	19,836	$	24,687	$	23,551

The following table disaggregates revenues by major source for the years ended December 31, 2024, 2023 and 2022:

	Year Ended December 31,
(in millions of dollars)	2024		2023		2022
Revenues from:
Sales of goods	$	17,009	$	22,036	$	21,506
Rendering of services and other revenues	51		44		35
Revenues from sales of goods and services	17,060		22,080		21,541
Finance and interest income	2,170		1,882		1,169
Rents and other income on operating lease	606		725		841
Finance, interest and other income	2,776		2,607		2,010
Total Revenues	$	19,836	$	24,687	$	23,551

Contract liabilities recorded in "Other liabilities" were $72 million, $50 million and $33 million at December 31, 2024, 2023 and 2022, respectively. Contract liabilities primarily relate to extended warranties. During the year ended December 31, 2024, 2023 and 2022, revenues included $18 million, $11 million and $6 million, respectively, relating to contract liabilities outstanding at the beginning of each period.

As of December 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $72 million (approximately $48 million at December 31, 2023). CNH expects to recognize revenue on approximately 30% and 90% of the remaining performance obligations over the next 12 and 36 months, respectively (approximately 32% and 95% as of December 31, 2023, respectively).