Earnings per Share

12 Months Ended

Dec. 31, 2024

The Company’s basic earnings per share (“EPS”) is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period.

Diluted EPS reflects the potential dilution that could occur if dilutive securities were exercised into common stock. The effect of dilutive securities is calculated using the treasury stock method.

The following table sets forth the computation of basic EPS and diluted EPS for the years ended December 31, 2024, 2023 and 2022:


(in millions of dollars, except per share data)	2024		2023(1)		2022
Basic:
Net income (loss) attributable to CNH Industrial N.V.	$	1,246	$	2,275	$	2,029


Basic earnings (loss) per share attributable to common shareholders:
Weighted average common shares outstanding—basic	1,254		1,332		1,351


Basic earnings (loss) per share	$	0.99	$	1.71	$	1.50
Diluted:
Net income (loss) attributable to CNH Industrial N.V.	$	1,246	$	2,275	$	2,029


Weighted average common shares outstanding—basic	1,254		1,332		1,351
Dilutive effect of stock compensation plans	6		18		11
Weighted average common shares outstanding—diluted (2)	1,260		1,350		1,362


Diluted earnings (loss) per share	$	0.99	$	1.69	$	1.49

(1) See Note 23 Immaterial Revision of Prior Period Financial Statements.

(2) For the years ended December 31, 2024 and 2023, no shares were excluded from the computation of diluted earnings per share due to an anti-dilutive impact. For the year ended December 31, 2022, 0.50 million shares were excluded from the computation of diluted earnings per share due to an anti-dilutive impact.