https:\/\/www.cnhindustrial.com\/en-us\/media\/press_releases\/Pages\/default.aspx<\/a> or consulting the accompanying PDF:<\/p>\nCNH Industrial reports strong second quarter performance. Consolidated revenues of $8.9 billion (up 60% compared to Q2 2020), net income of $699\u00a0million, adjusted diluted EPS of $0.42, and adjusted EBIT of Industrial Activities of $699\u00a0million (up\u00a0$757\u00a0million). $1.0 billion free cash flow of Industrial Activities.<\/strong><\/p>\nFinancial results presented under U.S. GAAP<\/em><\/p>\nNet sales of Industrial Activities <\/strong>of $8,490 million<\/strong>, up 65%, with solid performance from all segments, as a result of higher volumes driven by strong industry demand and price realization.<\/p>\nAdjusted EBIT of Industrial Activities<\/strong> of $699 million<\/strong> (loss of $58\u00a0million in Q2 2020), with all segments up year over year. Agriculture adjusted EBIT margin at 14.7%. Adjusted EBIT of $100 million for Commercial and Specialty Vehicles, $74 million for Powertrain and $24 million for Construction.<\/p>\nAdjusted net income <\/strong>of $583 million<\/strong>, with adjusted diluted earnings per share <\/strong>of $<\/strong>0.42<\/strong> (adjusted net loss of $85\u00a0million in Q2 2020, with adjusted diluted loss per share of $0.07).<\/p>\nReported income tax expense of $188 million, with adjusted effective tax rate<\/strong> (adjusted ETR) of 25%<\/strong>.<\/p>\nFree cash flow of Industrial Activities<\/strong> was positive<\/strong> $1.0 billion<\/strong> due to the strong operating performance. Total Debt of $24.5\u00a0billion at June 30, 2021 ($26.1\u00a0billion at December 31, 2020). Industrial Activitie<\/strong>s net cash<\/strong> position at $1.4\u00a0billion<\/strong>, an increase of $0.8\u00a0<\/strong>billion from March\u00a0<\/strong>31, 2021.<\/p>\nAvailable liquidity<\/strong> at $14.4 billion<\/strong> as of June\u00a0<\/strong>30, 2021. In May 2021, CNH Industrial paid \u20ac150 million (~$180\u00a0million) in dividends to shareholders. In the same month, CNH Industrial Capital LLC issued $600\u00a0million in aggregate principal amount of 1.450% notes due 2026.<\/p>\n