CNH Industrial NV
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
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Earnings per Share
Note 18: Earnings per Share
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, 2023, 2022 and 2021:
| (in millions of dollars, except per share data) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Basic: | |||
| Net income (loss) attributable to CNH Industrial N.V. | $2,371 | $2,029 | $1,723 |
| Net income (loss) attributable to CNH Industrial N.V. from continuing operations | 2,371 | 2,029 | 1,792 |
| Net income (loss) attributable to CNH Industrial N.V. from discontinued operations | — | — | (69) |
| Basic earnings (loss) per share attributable to common shareholders: | |||
| Weighted average common shares outstanding—basic | 1,332 | 1,351 | 1,354 |
| Continuing operations | $1.78 | $1.50 | $1.32 |
| Discontinued operations | — | — | (0.05) |
| Basic earnings (loss) per share | $1.78 | $1.50 | $1.27 |
| Diluted: | |||
| Net income (loss) attributable to CNH Industrial N.V. | $2,371 | $2,029 | $1,723 |
| Net income (loss) attributable to CNH Industrial N.V. from continuing operations | 2,371 | 2,029 | 1,792 |
| Net income (loss) attributable to CNH Industrial N.V. from discontinued operations | — | — | (69) |
| Weighted average common shares outstanding—basic | 1,332 | 1,351 | 1,354 |
| Dilutive effect of stock compensation plans | 18 | 11 | 7 |
| Weighted average common shares outstanding—diluted (1) | 1,350 | 1,362 | 1,361 |
| Continuing operations | $1.76 | $1.49 | $1.32 |
| Discontinued operations | — | — | (0.05) |
| Diluted earnings (loss) per share | $1.76 | $1.49 | $1.27 |
(1) For the year ended December 31, 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 and 2021,0.50 million shares and 0.06 million shares were excluded from the computation of diluted earnings per share due to an anti-dilutive impact.
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