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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
[1]
Dec. 31, 2022
Revenues      
Net sales $ 17,060 $ 22,080 $ 21,541
Finance, interest and other income 2,776 2,607 2,010
Total Revenues 19,836 24,687 23,551
Costs and Expenses      
Cost of goods sold 13,350 16,838 16,797
Selling, general and administrative expenses 1,712 1,863 1,752
Research and development expenses 924 1,041 866
Restructuring expenses 118 67 31
Interest expense 1,611 1,345 734
Other, net 664 830 689
Total Costs and Expenses 18,379 21,984 20,869
Income (loss) of Consolidated Group before Income Taxes 1,457 2,703 2,682
Income tax expense (336) (594) (747)
Equity in income of unconsolidated subsidiaries and affiliates 138 178 104
Net income (loss) 1,259 2,287 [2] 2,039
Net income attributable to noncontrolling interests 13 12 10
Net income (loss) attributable to CNH Industrial N.V. $ 1,246 $ 2,275 $ 2,029
Basic earnings (loss) per share attributable to common shareholders      
Basic earnings (loss) per share attributable to common shareholders (in dollars per share) $ 0.99 $ 1.71 $ 1.50
Diluted earnings (loss) per share attributable to common shareholders      
Diluted earnings (loss) per share attributable to common shareholders (in dollars per share) $ 0.99 $ 1.69 $ 1.49
Average shares outstanding      
Average shares outstanding-basic (in shares) 1,254 1,332 1,351
Average shares outstanding-diluted (in shares) 1,260 1,350 1,362
Cash dividends declared per common share (in dollars per share) $ 0.470 $ 0.396 $ 0.302
[1] See Note 23 Immaterial Revision of Prior Period Financial Statements
[2] See Note 23 Immaterial Revision of Prior Period Financial Statements.