| IMMATERIAL REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS In the three months ended September 30, 2024, the Company corrected the accounting treatment for highly inflationary accounting related to its unconsolidated subsidiary in Türkiye, TürkTraktör ve Ziraat Makineleri A.S. Refer to "Note 1: Basis for Presentation" for additional information. While the prior period amounts have been revised, as set forth below for comparability, the impact of the correction in these prior periods is not material to the consolidated financial statements of the Company in any of the impacted periods. The prior period impacts to the Company's consolidated statements of operations were as shown below (in millions of dollars and shares, except per share amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Six Months Ended June 30, 2024 | | | Previously Reported | | Revision Impacts | | As
Revised | | Previously Reported | | Revision Impacts | | As
Revised | | Income (loss) of Consolidated Group before Income Taxes | | $ | 454 | | | $ | — | | | $ | 454 | | | $ | 856 | | | $ | — | | | $ | 856 | | | Income tax expense | | (95) | | | — | | | (95) | | | (172) | | | — | | | (172) | | | Equity in income of unconsolidated subsidiaries and affiliates | | 79 | | | (34) | | | 45 | | | 156 | | | (67) | | | 89 | | | Net income (loss) | | 438 | | | (34) | | | 404 | | | 840 | | | (67) | | | 773 | | | Net income (loss) attributable to noncontrolling interests | | 5 | | | — | | | 5 | | | 6 | | | — | | | 6 | | | Net income (loss) attributable to CNH Industrial N.V. | | $ | 433 | | | $ | (34) | | | $ | 399 | | | $ | 834 | | | $ | (67) | | | $ | 767 | | | | | | | | | | | | | | | | Earnings per share attributable to common shareholders | | | | | | | | | | | | | | Basic | | $ | 0.34 | | | $ | (0.02) | | | $ | 0.32 | | | $ | 0.66 | | | $ | (0.05) | | | $ | 0.61 | | | Diluted | | $ | 0.34 | | | $ | (0.02) | | | $ | 0.32 | | | $ | 0.66 | | | $ | (0.05) | | | $ | 0.61 | | | Weighted average shares outstanding | | | | | | | | | | | | | | Basic | | 1,256 | | | — | | | 1,256 | | | 1,258 | | | — | | | 1,258 | | | Diluted | | 1,260 | | | — | | | 1,260 | | | 1,267 | | | — | | | 1,267 | |
The prior period impacts to the Company's consolidated statements of comprehensive income were as follows (in millions of dollars): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Six Months Ended June 30, 2024 | | | Previously Reported | | Revision Impacts | | As
Revised | | Previously Reported | | Revision Impacts | | As
Revised | | Net income (loss) | | $ | 438 | | | $ | (34) | | | $ | 404 | | | $ | 840 | | | $ | (67) | | | $ | 773 | | | Other comprehensive loss, net of tax | | (141) | | | — | | | (141) | | | (190) | | | — | | | (190) | | | Comprehensive income (loss) | | 297 | | | (34) | | | 263 | | | 650 | | | (67) | | | 583 | | | Less: Comprehensive income attributable to noncontrolling interests | | 5 | | | — | | | 5 | | | 6 | | | — | | | 6 | | | Comprehensive income (loss) attributable to CNH Industrial N.V. | | $ | 292 | | | $ | (34) | | | $ | 258 | | | $ | 644 | | | $ | (67) | | | $ | 577 | |
The prior period impacts to the Company's Consolidated Statement of Cash Flows were as follows (in millions of dollars): | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | | Previously Reported | | Revision Impacts | | As
Revised | | Cash Flows from Operating Activities | | | | | | | | Net Income (loss) | | $ | 840 | | | $ | (67) | | | $ | 773 | | | Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities: | | | | | | | | Undistributed income of unconsolidated subsidiaries | | (79) | | | 67 | | | (12) | | | Net cash provided (used) by operating activities | | $ | (515) | | | $ | — | | | $ | (515) | |
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