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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2020
Revenue from Contract with Customer [Abstract] |
Summary of net revenue | The following tables summarize previously reported revenues for the years ended December 31, 2020, 2019 and 2018:
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
|  | (in millions)
Agriculture |  | $ | 10,923 |  |  | $ | 10,959 |  |  | $ | 11,682 |
Construction |  | 2,170 |  |  | 2,768 |  |  | 3,021 |
Commercial and Specialty Vehicles |  | 9,421 |  |  | 10,439 |  |  | 10,939 |
Powertrain |  | 3,629 |  |  | 4,117 |  |  | 4,565 |
Eliminations and Other |  | (1,858) |  |  | (2,134) |  |  | (2,376) |
Total Industrial Activities |  | 24,285 |  |  | 26,149 |  |  | 27,831 |
Financial Services |  | 1,823 |  |  | 2,011 |  |  | 1,989 |
Eliminations and Other |  | (76) |  |  | (81) |  |  | (114) |
Total Revenues |  | $ | 26,032 |  |  | $ | 28,079 |  |  | $ | 29,706 |
The following highlights revenues earned from external customers in the rest of the world by destination:
|  | 2020 |  | 2019 |  | 2018
|  | (in millions)
United States |  | $ | 5,191 |  |  | $ | 5,610 |  |  | $ | 5,719 |
Italy |  | 2,673 |  |  | 3,253 |  |  | 3,383 |
France |  | 2,840 |  |  | 3,030 |  |  | 2,994 |
Brazil |  | 1,937 |  |  | 2,105 |  |  | 2,093 |
Germany |  | 1,765 |  |  | 1,875 |  |  | 2,062 |
Canada |  | 941 |  |  | 1,087 |  |  | 1,124 |
Australia |  | 824 |  |  | 739 |  |  | 929 |
Spain |  | 751 |  |  | 987 |  |  | 1,084 |
Argentina |  | 522 |  |  | 509 |  |  | 524 |
Poland |  | 576 |  |  | 604 |  |  | 658 |
Other |  | 7,235 |  |  | 7,392 |  |  | 8,130 |
Total Revenues from external customers in the rest of world |  | $ | 25,255 |  |  | $ | 27,191 |  |  | $ | 28,700 |
Summary of disaggregation of revenue | The following table disaggregates previously reported revenues by major source for the years ended December 31, 2020, 2019 and 2018:
|  | Year Ended December 31,
|  | 2020 |  | 2019 |  | 2018
|  | (in millions)
Revenues from: |  |  |  |  |  |
Sales of goods |  | $ | 23,333 |  |  | $ | 25,103 |  |  | $ | 26,838 |
Rendering of services and other revenues |  | 637 |  |  | 660 |  | 527
Rents and other income on assets sold with a buy-back commitment |  | 315 |  |  | 386 |  | 466
Revenues from sales of goods and services |  | $ | 24,285 |  |  | $ | 26,149 |  |  | $ | 27,831 |
Finance and interest income |  | 988 |  |  | 1,164 |  | 1,115
Rents and other income on operating lease |  | 759 |  |  | 766 |  | 760
Finance, interest and other income |  | $ | 1,747 |  |  | $ | 1,930 |  |  | $ | 1,875 |
Total Revenues |  | $ | 26,032 |  |  | $ | 28,079 |  |  | $ | 29,706 |

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- Definition Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e9038-108599 + Details
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