CNH Industrial (CNH) 6-K 9 May 19 2019 Q1 Quarterly Report for the Three Months Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2019
Document And Entity Information [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	CNHI
Entity Registrant Name	CNH Industrial N.V.
Entity Central Index Key	0001567094
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 3,673	$ 5,031
Restricted cash	786	772
Trade receivables, net	467	399
Financing receivables, net	19,062	19,167
Inventories, net	7,754	6,726
Property, plant and equipment, net	5,608	5,901
Investments in unconsolidated subsidiaries and affiliates	527	526
Equipment under operating leases	1,783
Equipment under operating leases		1,774
Goodwill	2,455	2,453
Other intangible assets, net	774	788
Deferred tax assets	567	591
Derivative assets	108	98
Other assets	2,363	1,874
Total Assets	45,927	46,100
LIABILITIES AND EQUITY
Debt	23,807	24,445
Trade payables	5,956	5,889
Deferred tax liabilities	118	114
Pension, postretirement and other postemployment benefits	1,460	1,488
Derivative liabilities	128	108
Other liabilities	9,037	8,958
Total Liabilities	40,506	41,002
Redeemable noncontrolling interest	30	30
Common shares, €0.01, par value; outstanding 1,354,298,423 common shares and 388,395,387 special voting shares at 3/31/2019; and outstanding 1,353,831,958 common shares and 388,725,624 special voting shares at 12/31/2018	25	25
Treasury stock, at cost; 10,101,773 common shares at 3/31/2019 and 10,568,238 common shares at 12/31/2018	(122)	(128)
Additional paid in capital	4,415	4,409
Retained earnings	2,918	2,596
Accumulated other comprehensive loss	(1,877)	(1,859)
Noncontrolling interests	32	25
Total Equity	5,391	5,068
Total Liabilities and Equity	$ 45,927	$ 46,100

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - € / shares	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common shares, par value (in eur per share)	€ 0.01	€ 0.01
Common shares, shares outstanding (in shares)	1,354,298,423	1,353,831,958
Special voting shares, shares outstanding (in shares)	388,395,387	388,725,624
Treasury stock, shares (in shares)	10,101,773	10,568,238

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues
Net sales	$ 6,006	$ 6,300
Finance, interest and other income	451	473
Total Revenues	6,457	6,773
Costs and Expenses
Cost of goods sold	4,966	5,256
Selling, general and administrative expenses	539	590
Research and development expenses	244	227
Restructuring expenses	8	3
Interest expense	183	200
Other, net	168	251
Total Costs and Expenses	6,108	6,527
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates	349	246
Income tax (expense)	(90)	(63)
Equity in income of unconsolidated subsidiaries and affiliates	5	19
Net income	264	202
Net income attributable to noncontrolling interests	7	6
Net income attributable to CNH Industrial N.V.	$ 257	$ 196
Earnings (loss) per share attributable to common shareholders
Basic (in usd per share)	$ 0.19	$ 0.14
Diluted (in usd per share)	0.19	0.14
Cash dividends declared per common share (in usd per share)	$ 0	$ 0

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 264	$ 202
Other comprehensive income (loss), net of tax
Unrealized income (loss) on cash flow hedges	(27)	11
Changes in retirement plans’ funded status	(7)	10
Foreign currency translation	86	(289)
Share of other comprehensive income (loss) of entities using the equity method	(3)	15
Other comprehensive income (loss), net of tax	49	(253)
Comprehensive income (loss)	313	(51)
Less: Comprehensive income attributable to noncontrolling interests	9	7
Comprehensive income (loss) attributable to CNH Industrial N.V.	$ 304	$ (58)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating activities:
Net income	$ 264	$ 202
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense, net of assets under operating leases and assets sold under buy-back commitments	169	185
Depreciation and amortization expense of assets under operating leases and assets sold under buy-back commitments	144	168
Undistributed income (loss) of unconsolidated subsidiaries	(4)	10
Other non-cash items	33	50
Changes in operating assets and liabilities:
Provisions	(106)	(126)
Deferred income taxes	32	(24)
Trade and financing receivables related to sales, net	(293)	185
Inventories, net	(879)	(755)
Trade payables	129	145
Other assets and liabilities	(240)	(114)
Net cash used in operating activities	(751)	(74)
Investing activities:
Additions to retail receivables	(947)	(959)
Collections of retail receivables	1,225	1,089
Proceeds from the sale of assets, net of assets under operating leases and assets sold under buy-back commitments	0	1
Expenditures for property, plant and equipment and intangible assets, net of assets under operating leases and assets sold under buy-back commitments	(79)	(62)
Expenditures for assets under operating leases and assets sold under buy-back commitments	(285)	(305)
Other	48	(47)
Net cash used in investing activities	(38)	(283)
Financing activities:
Proceeds from long-term debt	3,810	3,039
Payments of long-term debt	(4,001)	(4,398)
Net decrease in other financial liabilities	(321)	(69)
Dividends paid	(1)	(1)
Other	0	(90)
Net cash used in financing activities	(513)	(1,519)
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash	(42)	64
Decrease in cash and cash equivalents and restricted cash	(1,344)	(1,812)
Cash and cash equivalents and restricted cash, beginning of year	5,803	6,200
Cash and cash equivalents and restricted cash, end of period	$ 4,459	$ 4,388

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions	Total	Common Shares	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interests	Redeemable Noncontrolling Interest
Beginning balance at Dec. 31, 2017	$ 4,232	$ 25	$ (10)	$ 4,412	$ 1,763	$ (1,966)	$ 8
Beginning balance at Dec. 31, 2017								$ 25
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	200				196		4
Net income (loss), redeemable non controlling interests								2
Other comprehensive income (loss), net of tax	(253)					(254)	1
Dividend paid								(1)
Acquisition of treasury stock	(90)		(90)
Common shares issued from treasury stock and capital increase for share-based compensation	2		10	(8)
Share-based compensation expense	4			4
Other changes	(1)			(1)
Ending balance at Mar. 31, 2018	4,094	25	(90)	4,407	1,959	(2,220)	13
Ending balance at Mar. 31, 2018								26
Beginning balance at Dec. 31, 2018	5,068	25	(128)	4,409	2,596	(1,859)	25
Beginning balance at Dec. 31, 2018	30							30
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	263				257		6
Net income (loss), redeemable non controlling interests								1
Other comprehensive income (loss), net of tax	49					47	2
Dividend paid								(1)
Common shares issued from treasury stock and capital increase for share-based compensation			6	(6)
Share-based compensation expense	9			9
Other changes	2			3			(1)
Ending balance at Mar. 31, 2019	5,391	$ 25	$ (122)	$ 4,415	$ 2,918	$ (1,877)	$ 32
Ending balance at Mar. 31, 2019	$ 30							$ 30

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION CNH Industrial N.V. (“CNH Industrial” or the “Company”) is incorporated in, and under the laws of, the Netherlands. CNH Industrial has its corporate seat in Amsterdam, the Netherlands, and its principal office in London, England, United Kingdom. The Company was formed on September 29, 2013 as a result of the business combination transaction between Fiat Industrial S.p.A. (“Fiat Industrial”) and its majority owned subsidiary CNH Global N.V. (“CNH Global”). Unless otherwise indicated or the context otherwise requires, the terms “CNH Industrial” and the “Company” refer to CNH Industrial and its subsidiaries. The condensed consolidated financial statements of CNH Industrial N.V. and its consolidated subsidiaries have been voluntarily prepared by the Company without audit. Although prepared on a voluntary basis, the condensed consolidated financial statements included in the report comply in all material respects with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) governing interim financial statements. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted as permitted by such rules and regulations. All adjustments, consisting only of normal recurring adjustments, have been included. Management believes that the disclosures are adequate to present fairly the financial position, results of operations, and cash flows at the dates and for the periods presented. These interim financial statements should be read in conjunction with the financial statements and the notes thereto appearing in the Company’s annual report on Form 20-F for the year ended December 31, 2018 . Results for interim periods are not necessarily indicative of those to be expected for the fiscal year. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and related accompanying notes and disclosures. Actual results could differ materially from those estimates. Certain financial information in this report has been presented by geographic area. Starting from the first quarter of 2019, the composition of CNH Industrial's regions has been revised as follows: (1) North America; (2) Europe; (3) South America and (4) Rest of World. The geographic designations have the following meanings: • North America (formerly NAFTA) : United States, Canada and Mexico; • Europe : member countries of the European Union, European Free Trade Association, Ukraine, and Balkans, formerly included in EMEA; • South America (formerly LATAM) : Central and South America, and the Caribbean Islands; and • Rest of World : Continental Asia (including Turkey and Russia), Oceania and member countries of the Commonwealth of Independent States (excluding Ukraine), formerly included in APAC, and African continent and Middle East, formerly included in EMEA.

NEW ACCOUNTING PRONOUNCEMENTS

NEW ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NEW ACCOUNTING PRONOUNCEMENTS Adopted in 2019 Derivatives and Hedging In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities (“ASU 2017-12”), which amends ASC 815, Derivatives and Hedging. The purpose of this ASU is to better align a company’s risk management activities and financial reporting for hedging relationships, simplify the hedge accounting requirements and improve the disclosures of hedging arrangements. Among other provisions, the new standard (1) requires an entity to present the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is reported, (2) eliminates the separate measurement and reporting of hedge ineffectiveness and (3) permits an entity to recognize in earnings the initial value of an excluded component under a systematic and rational method over the life of the derivative instrument. The Company adopted ASU 2017-12 on January 1, 2019. The adoption did not have a material impact on our results of operations, financial position and cash flows. Leases In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) (“ASU 2016-02”), which supersedes ASC 840, Leases. Subsequently, the FASB has issued additional ASUs which further clarify this guidance. The ASU's most prominent change is the requirement for lessees to recognize leased assets and liabilities classified as operating leases under the previous standard. The ASU does not significantly change the lessee’s recognition, measurement and presentation of expenses and cash flows from the previous accounting standard. Lessors’ accounting under the ASC is largely unchanged from the previous accounting standard. ASU 2016-02 also will require disclosures designed to give financial statement users information on the amount, timing, and uncertainty of cash flows arising from leases. CNH Industrial has adopted the new standard effective January 1, 2019, using the modified retrospective approach, without recasting prior periods. CNH Industrial has applied certain practical expedients upon transition, including: not to reassess under the new guidance its prior conclusions about lease identification, lease classification and initial direct costs; and, those provided for short-term leases. In such case, the lease payments associated with leases are recognized as expense in the income statement. In addition, the Company has elected not to separate lease and non-lease components. At January 1, 2019 , the Company recognized approximately $480 million of right-of-use assets and lease liabilities without transition effect to equity. The following paragraph presents the Company’s policy for leases for which it is a lessee after the adoption of the new accounting standard ASU 2016-02. Lease policy A lease is a contract that conveys the right to control the use of an identified asset (the leased asset) for a period of time in exchange for consideration. The lease term determined by the Company comprises the non-cancellable period of lease contract together with both periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option; and periods covered by an option to terminate the lease if the lessee is reasonably certain not to exercise that option. For lease agreements, we combine lease and non-lease components. For leases with terms not exceeding twelve months (short-term leases), the Company recognizes the lease payments associated with those leases on a straight-line basis over the lease term as an operating expenses in the income statement. For all other leases, the right-of-use asset includes the amount of lease liability recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Correspondingly, the Company recognizes a lease liability, measured at the present value of lease payments to be made over the lease term. In calculating the present value of lease payments, the Company uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. For finance leases, the right-of-use asset is classified within Property, plant and equipment, net and the lease liability, within Debt. Assets held under finance leases, which the Company assumes substantially all the risks and rewards of ownership, are recognized as assets of the Company at the lower of fair value or present value of the minimum lease payments. In case of operating leases, the right-of-use asset is classified within Other assets and the lease liability, within Other liabilities. After the commencement date, the Company recognizes in profit or loss a single lease cost, calculated so that the remaining cost of the lease is allocated over the remaining lease term on a straight-line basis. In particular, after lease commencement, the lease liability is measured at the present value of any remaining lease payments, discounted by using the rate determined at lease commencement, consistently with the model used to calculate the liability related to the finance lease. Correspondingly, the right-of-use asset is measured as the lease liability adjusted by accrued or prepaid rents (i.e., the aggregate difference between the cash payment and straight-line lease cost), remaining unamortized initial direct costs and lease incentives, and any impairments of the right-of-use asset. Comprehensive Income In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”), which amends ASC 220, Income Statement - Reporting Comprehensive Income . In December 2017, the U.S. government enacted new tax legislation (“U.S. Tax Reform”). Included in the provisions of U.S. Tax Reform was a reduction of the corporate income tax rate from 35 percent to 21 percent . U.S. GAAP requires that the remeasurement of deferred taxes to the new corporate tax rate occur in the period in which the legislation is enacted with the deferred tax adjustment being recorded in the provision for income taxes, including items for which the tax effects were originally recorded in Other Comprehensive Income (“OCI”). This treatment results in the items in OCI reflecting a disproportionate tax rate, a result often referred to as stranded tax effects. This ASU allows a reclassification from accumulated OCI to retained earnings for stranded tax effects resulting from U.S. Tax Reform. ASU 2018-02 is effective for annual reporting periods beginning after December 15, 2018 including interim periods within those fiscal years. The Company adopted this standard on January 1, 2019, and reclassified $65 million of tax effects from "Accumulated other comprehensive income (loss)" to "Retained earnings" within its Condensed Consolidated Balance Sheet. Changes in Stockholders' Equity and Noncontrolling Interests In August 2018, the SEC adopted a final rule that amends certain disclosure requirements that have become duplicative, overlapping, or outdated in light of other SEC disclosure requirements, U.S. GAAP, or changes in the information environment. However, the guidance also added requirements for registrants to include in their interim financial statements a reconciliation of changes in stockholders’ equity for each period for which an income statement is required (both year-to-date and quarterly periods). The Company adopted the new interim disclosure requirement in its U.S. GAAP quarterly report for the three months ended March 31, 2019, which had no material impact to the Statement of Changes in Equity. Not Yet Adopted Financial Instruments In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which establishes ASC 326, Financial Instruments - Credit Losses . In November 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses (“ASU 2018-19”), which supersedes existing Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). The ASU introduced a new model for recognizing credit losses on financial instruments based on an estimate of current expected credit losses. Additional disclosures about significant estimates and credit quality are also required. ASU 2018-19 is effective for annual period beginning after December 15, 2019. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. Fair Value Measurement In August 2018, the FASB issued ASU No. 2018-13, Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement , which amends ASC 820, Fair Value Measurement . This ASU modifies the disclosure requirements for fair value measurements by removing, modifying, or adding certain disclosures. The effective date is the first quarter of fiscal year 2021, with early adoption permitted for the removed disclosures and delayed adoption until fiscal year 2021 permitted for the new disclosures. The removed and modified disclosures will be adopted on a retrospective basis and the new disclosures will be adopted on a prospective basis. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. Intangibles - Cloud Computing Arrangements In August 2018, the FASB issued ASU No. 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement ("ASU 2018-15"), which expands upon the guidance set forth in ASU 2015-05, Customer's Accounting for Fees Paid in a Cloud Computing Arrangement . ASU 2018-15 aligns the requirements for capitalization of implementation costs in a cloud computing service contract with those requirements for capitalization of implementation costs incurred for an internal-use software license. ASU 2018-15 is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years, and early adoption is permitted in any interim period for which financial statements have not been issued. ASU 2018-15 may be applied prospectively from the date the guidance is first applied or retrospectively. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. Related Party Guidance for Variable Interest Entities In October 2018, the FASB issued ASU No. 2018-17, Targeted Improvements to Related Party Guidance for Variable Interest Entities ("ASU 2018-17"), which expands the application of a specific private company alternative related to VIEs and changes the guidance for determining whether a decision-making fee is a variable interest. ASU 2018-17 is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years, and early adoption is permitted in any interim period. ASU 2018-17 is required to be applied retrospectively from the date the guidance is first applied. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. Defined Benefit Plans Disclosure In August 2018, the FASB issued ASU 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General: Changes to the Disclosure Requirements for Defined Benefit Plans ("ASU 2018-14"), which modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans by removing and adding certain disclosures for these plans. ASU 2018-14 is effective for annual periods beginning after December 15, 2020. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this ASU on its related disclosures.

REVENUE

REVENUE	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The following table summarizes revenues for the three months ended March 31, 2019 and 2018 : For the Three Months Ended 2019 2018 (in millions) Agriculture $ 2,490 $ 2,579 Construction 640 682 Commercial and Specialty Vehicles 2,414 2,495 Powertrain 1,036 1,186 Eliminations and Other (574 ) (642 ) Total Industrial Activities $ 6,006 $ 6,300 Financial Services 474 502 Eliminations and Other (23 ) (29 ) Total Revenues $ 6,457 $ 6,773 The following table disaggregates revenues by major source for the three months ended March 31, 2019 and 2018 : Three Months Ended March 31, 2019 2018 (in millions) Revenues from: Sales of goods $ 5,757 $ 6,065 Rendering of services 145 109 Rents on assets sold with a buy-back commitment 104 126 Revenues from sales of goods and services 6,006 6,300 Finance and interest income 288 294 Rents and other income on operating lease 163 179 Finance, interest and other income 451 473 Total Revenues $ 6,457 $ 6,773 Contract liabilities recorded in Other liabilities were $1,290 million and $1,368 million at March 31, 2019 and December 31, 2018 , respectively. Contract liabilities primarily relate to extended warranties/maintenance and repair contracts and transactions for the sale of vehicles with a buy-back commitment. During the three months ended March 31, 2019 and 2018 , revenues included $163 million and $154 million , respectively, relating to contract liabilities outstanding at the beginning of each period. As of March 31, 2019 , the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $1.9 billion . The Company expects to recognize revenue on approximately 40% and 84% of the remaining performance obligations over the next 12 and 36 months , respectively, with the remaining recognized thereafter.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
	Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES The Company consolidates various securitization trusts and facilities that have been determined to be variable interest entities (“VIEs”) and of which the Company is a primary beneficiary. The Company has both the power to direct the activities of the VIEs that most significantly impact the VIEs’ economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIEs. For further information regarding VIEs, please see “Note 9: Receivables.” The following table presents certain assets and liabilities of consolidated VIEs, which are included in the condensed consolidated balance sheets included in this report. The assets in the table below include only those assets that can be used to settle obligations of the consolidated VIEs. The liabilities in the table below include third party liabilities of the consolidated VIEs for which creditors do not have recourse to the general credit of the Company. March 31, 2019 December 31, 2018 (in millions) Restricted cash $ 699 $ 732 Financing receivables 8,892 9,732 Total Assets $ 9,591 $ 10,464 Debt $ 8,778 $ 9,692 Total Liabilities $ 8,778 $ 9,692

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The Company’s basic earnings per share (“EPS”) is computed by dividing net income 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. Stock options, restricted stock units and performance stock units are considered dilutive securities. A reconciliation of basic and diluted earnings per share is as follows (in millions, except per share amounts): Three Months Ended March 31, 2019 2018 Basic: Net income attributable to CNH Industrial $ 257 $ 196 Weighted average common shares outstanding—basic 1,354 1,363 Basic earnings per share $ 0.19 $ 0.14 Diluted: Net income attributable to CNH Industrial $ 257 $ 196 Weighted average common shares outstanding—basic 1,354 1,363 Effect of dilutive securities (when dilutive): Stock compensation plans (1) 2 5 Weighted average common shares outstanding—diluted 1,356 1,368 Diluted earnings per share $ 0.19 $ 0.14 (1) For the three months ended March 31, 2019 and 2018 , no shares were excluded from the computation of diluted earnings per share due to an anti-dilutive impact.

EMPLOYEE BENEFIT PLANS AND POST

EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS	3 Months Ended
	Mar. 31, 2019
Postemployment Benefits [Abstract]
EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS	EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS The following table summarizes the components of net periodic benefit cost of CNH Industrial’s defined benefit pension plans and postretirement health and life insurance plans for the three months ended March 31, 2019 and 2018 : Pension Healthcare Other Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, 2019 2018 2019 2018 2019 2018 (in millions) Service cost 6 6 1 2 3 4 Interest cost 19 18 4 9 1 1 Expected return on assets (25 ) (28 ) (2 ) (2 ) — — Amortization of: Prior service credit — — (30 ) (1 ) — — Actuarial loss 17 19 — 2 — — Net periodic benefit cost 17 15 (27 ) 10 4 5 On February 20, 2018, CNH Industrial announced that the United States Supreme Court ruled in its favor in Reese vs. CNH Industrial N.V. and CNH Industrial America LLC. The decision allowed CNH Industrial to terminate or modify various retiree healthcare benefits previously provided to certain UAW Union represented Company retirees. On April 16, 2018, CNH Industrial announced its determination to modify the benefits provided to the applicable retirees (“Benefits Modification”) to make them consistent with the benefits provided to current eligible CNH Industrial retirees who had been represented by the UAW. The Benefits Modification resulted in a reduction of the plan liability by $527 million . This amount will be amortized from other comprehensive income (loss) to the income statement over approximately 4.5 years , which represents the average service period to attain eligibility conditions for active participants. For the three months ended March 31, 2019 , and March 31, 2018 , $30 million and $0 million of amortization (“Benefits Modification Amortization”) was recorded as a pre-tax gain in Other, net, respectively.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The effective tax rates for the three months ended March 31, 2019 and 2018 were 25.8% and 25.6% , respectively. The Company continues to evaluate the realizability of its Italian deferred tax assets, which were $0.7 billion at December 31, 2018. In accordance with applicable guidance, we assessed and weighed all positive and negative evidence in concluding, for the three months ended March 31, 2019, it was appropriate to maintain the full valuation allowance currently placed against these assets. The Company will continue this assessment throughout 2019. The Company is subject to income taxes and, therefore, routinely encounters income tax audits in many jurisdictions around the world. As a result of concluding various ongoing audits in multiple income tax jurisdictions, it is at least reasonably possible the Company’s amount of unrecognized tax benefits will change during the next twelve months. We do not, however, anticipate those changes having a material impact on the Company’s results of operations, balance sheet or cash flows.

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The operating segments through which the Company manages its operations are based on the internal reporting used by the Company’s Chief Operating Decision Maker (“CODM”) to assess performance and make decisions about resource allocation. The segments are organized based on products and services provided by the Company. CNH Industrial has the following five operating segments: Agriculture designs, manufactures and distributes a full line of farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors (Quadtrac ® ), combines, cotton pickers, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements and material handling equipment. Agricultural equipment is sold under the New Holland Agriculture and Case IH brands, as well as the STEYR, Kongskilde, Överum, and JF brands in Europe and the Miller brand, primarily in North America and Australia. Construction designs, manufactures and distributes a full line of construction equipment including excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, compact track loaders, and telehandlers. Construction equipment is sold under the CASE Construction Equipment and New Holland Construction brands. Commercial and Specialty Vehicles designs, manufactures and distributes a full range of light, medium, and heavy vehicles for the transportation and distribution of goods under the IVECO brand, commuter buses and touring coaches under the IVECO BUS (previously Iveco Irisbus) and Heuliez Bus brands, quarry and mining equipment under the IVECO ASTRA brand, firefighting vehicles under the Magirus brand, and vehicles for civil defense and peace-keeping missions under the Iveco Defence Vehicles brand. Powertrain designs, manufactures and distributes a range of engines, transmission systems and axles for on- and off-road applications, as well as for marine and power generation under the FPT Industrial brand. Financial Services offers a range of financial services to dealers and customers. Financial Services provides and administers retail financing to customers for the purchase or lease of new and used industrial equipment or vehicles and other equipment sold by CNH Industrial dealers. In addition, Financial Services provides wholesale financing to CNH Industrial dealers. Wholesale financing consists primarily of floor plan financing and allows the dealers to purchase and maintain a representative inventory of products. Financial Services also provides trade receivables factoring services to CNH Industrial companies. Revenues for each reported segment are those directly generated by or attributable to the segment as a result of its business activities and include revenues from transactions with third parties as well as those deriving from transactions with other segments, recognized at normal market prices. Segment expenses represent expenses deriving from each segment’s business activities both with third parties and other operating segments or which may otherwise be directly attributable to it. Expenses deriving from business activities with other segments are recognized at normal market prices. The CODM assesses segment performance and makes decisions about resource allocation based upon Adjusted EBIT and Adjusted EBITDA. The Company believes Adjusted EBIT and Adjusted EBITDA more fully reflect segment and consolidated profitability. Adjusted EBIT is defined as net income/(loss) before income taxes, interest expenses of Industrial Activities, net, restructuring expenses, the finance and non-service component of pension and other post-employment benefits costs, foreign exchange gains/(losses) and certain non-recurring items. In particular, non-recurring items are specifically disclosed items that management considers to be rare or discrete events that are infrequent in nature and not reflective of on-going operational activities. Adjusted EBITDA is defined as Adjusted EBIT plus depreciation and amortization (including on assets under operating leases and assets sold under buy-back commitments). With reference to Financial Services, the CODM assesses the performance of the segment on the basis of net income prepared in accordance with U.S. GAAP. The following tables summarize selected financial information by segment as well as the reconciliation from consolidated net income (loss) under U.S. GAAP to Adjusted EBIT and Adjusted EBITDA for the three months ended March 31, 2019 and 2018 . Three Months Ended March 31, 2019 Agriculture Construction Commercial and Specialty Vehicles Powertrain Unallocated items, eliminations and other Total Industrial Activities Financial Services Eliminations Total (in millions) Revenues $ 2,490 $ 640 $ 2,414 $ 1,036 $ (574 ) $ 6,006 $ 474 $ (23 ) $ 6,457 Net income (1) 169 95 — 264 Add back: Income tax expense 54 36 — 90 Interest expense of Industrial Activities, net of interest income and eliminations 53 — — 53 Foreign exchange losses, net 9 — — 9 Finance and non-service component of Pension and OPEB costs (2) (15 ) — — (15 ) Adjustments: Restructuring expenses 3 — 5 — — 8 — — 8 Adjusted EBIT $ 168 $ 13 $ 51 $ 96 $ (50 ) $ 278 $ 131 $ — $ 409 Depreciation and amortization 75 14 47 32 — 168 1 — 169 Depreciation of assets on operating lease and assets sold with buy-back commitment — — 79 — — 79 65 — 144 Adjusted EBITDA $ 243 $ 27 $ 177 $ 128 $ (50 ) $ 525 $ 197 $ — $ 722 (1) For Industrial Activities, net income net of “Results from intersegment investments”. (2) This item includes the pre-tax gain of $30 million as a result of the amortization over approximately 4.5 years of the $527 million positive impact from the modification of certain healthcare benefits in the U.S. Three Months Ended March 31, 2018 Agriculture Construction Commercial and Specialty Vehicles Powertrain Unallocated items, eliminations and other Total Industrial Activities Financial Services Eliminations Total (in millions) Revenues $ 2,579 $ 682 $ 2,495 $ 1,186 $ (642 ) $ 6,300 $ 502 $ (29 ) $ 6,773 Net income (loss) (1) 99 103 — 202 Add back: Income tax expense 23 40 — 63 Interest expense of Industrial Activities, net of interest income and eliminations 93 — — 93 Foreign exchange losses, net 25 — — 25 Finance and non-service component of Pension and OPEB costs 18 — — 18 Adjustments: Restructuring expenses — — 3 — — 3 — — 3 Adjusted EBIT $ 186 $ — $ 49 $ 95 $ (69 ) $ 261 $ 143 $ — $ 404 Depreciation and amortization 79 16 55 34 — 184 1 — 185 Depreciation of assets on operating lease and assets sold with buy-back commitment — — 102 — — 102 66 — 168 Adjusted EBITDA $ 265 $ 16 $ 206 $ 129 $ (69 ) $ 547 $ 210 $ — $ 757 (1) For Industrial Activities, net income net of “Results from intersegment investments”.

RECEIVABLES

RECEIVABLES	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
RECEIVABLES	RECEIVABLES Financing Receivables, net A summary of financing receivables as of March 31, 2019 and December 31, 2018 is as follows: March 31, 2019 December 31, 2018 (in millions) Retail $ 9,083 $ 9,350 Wholesale 9,908 9,749 Other 71 68 Total $ 19,062 $ 19,167 Past due balances of financing receivables still accruing finance income represent the total balance held (principal plus accrued interest) with any payment amounts 30 days or more past the contractual payment due date. Non-performing financing receivables represent loans for which the Company has ceased accruing finance income. These receivables are generally 120 days delinquent. Finance income for non-performing receivables is recognized on a cash basis. Accrual of finance income is resumed when the receivable becomes contractually current and collections are reasonably assured. The aging of financing receivables as of March 31, 2019 and December 31, 2018 is as follows (in millions): March 31, 2019 31-60 Days 61-90 Days Greater Than Total Past Current Total Non- Total Retail North America $ 26 $ 6 $ — $ 32 $ 6,167 $ 6,199 $ 11 $ 6,210 Europe 2 — 10 12 119 131 50 181 South America 14 5 6 25 1,870 1,895 22 1,917 Rest of World 2 1 1 4 771 775 — 775 Total Retail $ 44 $ 12 $ 17 $ 73 $ 8,927 $ 9,000 $ 83 $ 9,083 Wholesale North America $ — $ — $ — $ — $ 3,731 $ 3,731 $ 1 $ 3,732 Europe 50 16 12 78 4,626 4,704 — 4,704 South America 6 2 1 9 687 696 55 751 Rest of World 10 9 1 20 701 721 — 721 Total Wholesale $ 66 $ 27 $ 14 $ 107 $ 9,745 $ 9,852 $ 56 $ 9,908 December 31, 2018 31-60 Days 61-90 Days Greater Than Total Past Current Total Non- Total Retail North America $ 21 $ 5 $ — $ 26 $ 6,285 $ 6,311 $ 12 $ 6,323 Europe 1 — 10 11 164 175 40 215 South America 11 9 7 27 1,885 1,912 83 1,995 Rest of World 2 1 — 3 814 817 — 817 Total Retail $ 35 $ 15 $ 17 $ 67 $ 9,148 $ 9,215 $ 135 $ 9,350 Wholesale North America $ — $ — $ — $ — $ 3,613 $ 3,613 $ 18 $ 3,631 Europe 20 9 — 29 4,727 4,756 — 4,756 South America — — — — 656 656 — 656 Rest of World 7 3 — 10 696 706 — 706 Total Wholesale $ 27 $ 12 $ — $ 39 $ 9,692 $ 9,731 $ 18 $ 9,749 Allowance for credit losses activity for the three months ended March 31, 2019 and 2018 is as follows: Three Months Ended March 31, 2019 Retail Wholesale Other Total Opening Balance $ 326 $ 164 $ — $ 490 Provision (benefit) 8 (3 ) — 5 Charge-offs, net of recoveries (11 ) (2 ) — (13 ) Foreign Currency Translation and Other (6 ) (2 ) — (8 ) Ending Balance 317 157 — 474 Ending Balance: Individually Evaluated for Impairment 199 127 — 326 Ending Balance: Collectively Evaluated for Impairment 118 30 — 148 Receivables: Ending Balance 9,083 9,908 71 19,062 Ending Balance: Individually Evaluated for Impairment 350 315 — 665 Ending Balance: Collectively Evaluated for Impairment $ 8,733 $ 9,593 $ 71 $ 18,397 Three Months Ended March 31, 2018 Retail Wholesale Other Total Opening Balance $ 383 $ 200 $ — $ 583 Provision (benefit) 20 (1 ) — 19 Charge-offs, net of recoveries (14 ) (1 ) — (15 ) Foreign Currency Translation and Other 5 4 — 9 Ending Balance 394 202 — 596 Ending Balance: Individually Evaluated for Impairment 258 170 — 428 Ending Balance: Collectively Evaluated for Impairment 136 32 — 168 Receivables: Ending Balance 9,499 9,883 106 19,488 Ending Balance: Individually Evaluated for Impairment 379 435 — 814 Ending Balance: Collectively Evaluated for Impairment $ 9,120 $ 9,448 $ 106 $ 18,674 December 31, 2018 Retail Wholesale Other Total Opening Balance $ 383 $ 200 $ — $ 583 Provision (benefit) 53 (5 ) — 48 Charge-offs, net of recoveries (85 ) (15 ) — (100 ) Foreign Currency Translation and Other (25 ) (16 ) — (41 ) Ending Balance 326 164 — 490 Ending Balance: Individually Evaluated for Impairment 204 135 — 339 Ending Balance: Collectively Evaluated for Impairment 122 29 — 151 Receivables: Ending Balance 9,350 9,749 68 19,167 Ending Balance: Individually Evaluated for Impairment 359 314 — 673 Ending Balance: Collectively Evaluated for Impairment $ 8,991 $ 9,435 $ 68 $ 18,494 Financing receivables are considered impaired when it is probable that the Company will be unable to collect all amounts due according to the contractual terms. Receivables reviewed for impairment generally include those that are either past due, have provided bankruptcy notification, or require significant collection efforts. Impaired receivables are generally classified as non-performing. March 31, 2019 December 31, 2018 Recorded Unpaid Related Average Recorded Unpaid Related Average (in millions) With an allowance recorded Retail North America $ 33 $ 33 $ 17 $ 34 $ 31 $ 30 $ 16 $ 33 Europe $ 226 $ 226 $ 162 $ 173 $ 234 $ 234 $ 167 $ 249 South America $ 88 $ 88 $ 19 $ 89 $ 91 $ 91 $ 20 $ 88 Rest of World $ 3 $ 3 $ 1 $ 3 $ 3 $ 3 $ 1 $ 4 Wholesale North America $ 5 $ 5 $ 4 $ 8 $ 25 $ 23 $ 5 $ 27 Europe $ 278 $ 278 $ 101 $ 262 $ 256 $ 256 $ 107 $ 260 South America $ 23 $ 15 $ 14 $ 23 $ 23 $ 14 $ 16 $ 26 Rest of World $ 9 $ 9 $ 8 $ 9 $ 10 $ 10 $ 7 $ 9 Total Retail $ 350 $ 350 $ 199 $ 299 $ 359 $ 358 $ 204 $ 374 Wholesale $ 315 $ 307 $ 127 $ 302 $ 314 $ 303 $ 135 $ 322 Troubled Debt Restructurings A restructuring of a receivable constitutes a troubled debt restructuring (“TDR”) when a lender grants a concession it would not otherwise consider to a borrower experiencing financial difficulties. As a collateral based lender, the Company typically will repossess collateral in lieu of restructuring receivables. As such, for retail receivables, concessions are typically provided based on bankruptcy court proceedings. For wholesale receivables, concessions granted may include extended contract maturities, inclusion of interest-only periods, modification of a contractual interest rate to a below market interest rate and waiving of interest and principal. TDRs are reviewed along with other receivables as part of management’s ongoing evaluation of the adequacy of the allowance for credit losses. The allowance for credit losses attributable to TDRs is based on the most probable source of repayment, which is normally the liquidation of collateral. In determining collateral value, the Company estimates the current fair market value of the equipment collateral and considers credit enhancements such as additional collateral and third-party guarantees. As of March 31, 2019 , the Company had 264 retail and finance lease contracts classified as TDRs where a court in the North America region has determined the concession. The pre-modification value was $9 million and the post-modification value was $8 million . Additionally, the Company had 365 accounts with a balance of $17 million undergoing bankruptcy proceedings where a concession has not yet been determined. As of March 31, 2018 , the Company had 279 retail and finance lease contracts classified as TDRs where a court in the North America region has determined the concession. The pre-modification value of these contracts was $9 million and the post-modification value was $8 million . Additionally, the Company had 393 accounts with a balance of $21 million undergoing bankruptcy proceedings in North America where a concession has not yet been determined. As the outcome of the bankruptcy cases is determined by a court based on available assets, subsequent re-defaults are unusual and were not material for retail and finance lease contracts that were modified in a TDR during the previous 12 months ended March 31, 2019 and 2018 . As of March 31, 2019 and 2018 , the Company’s wholesale TDR agreements were immaterial. Transfers of Financial Assets The Company transfers a number of its financial receivables to securitization programs or factoring transactions. A securitization transaction entails the sale of a portfolio of receivables to a securitization vehicle. This special purpose entity (“SPE”) finances the purchase of the receivables by issuing asset-backed securities (i.e. securities whose repayment and interest flow depend upon the cash flow generated by the portfolio). SPEs utilized in securitizations differ from other entities included in the Company’s condensed consolidated financial statements because the assets they hold are legally isolated. For bankruptcy analysis purposes, the Company has sold the receivables to the SPEs in a true sale and the SPEs are separate legal entities. Upon transfer of the receivables to the SPEs, the receivables and certain cash flows derived from them become restricted for use in meeting obligations to the SPEs creditors. The SPEs have ownership of cash balances that also have restrictions for the benefit of the SPEs’ investors. The Company’s interests in the SPEs’ receivables are subordinate to the interests of third party investors. None of the receivables that are directly or indirectly sold or transferred in any of these transactions are available to pay the Company’s creditors until all obligations of the SPE have been fulfilled. These securitization trusts were determined to be VIEs, and consequently, the Company has consolidated these trusts. In its role as servicer, the Company has the power to direct the trusts’ activities. Through its retained interests, the Company has an obligation to absorb certain losses or the right to receive certain benefits that could potentially be significant to the trusts. No recourse provisions exist that allow holders of the asset-backed securities issued by the trusts to put those securities back to the Company although the Company provides customary representations and warranties that could give rise to an obligation to repurchase from the trusts any receivables for which there is a breach of the representations and warranties. Moreover, the Company does not guarantee any securities issued by the trusts. The trusts have a limited life and generally terminate upon final distribution of amounts owed to investors or upon exercise of a cleanup-call option by the Company in its role as servicer. Furthermore, factoring transactions may be either with recourse or without recourse; certain without recourse transfers include deferred payment clauses (for example, when the payment by the factor of a minor part of the purchase price is dependent on the total amount collected from the receivables), requiring first loss cover, meaning that the transferor takes priority participation in the losses, or requires a significant exposure to the cash flows arising from the transferred receivables to be retained. These types of transactions do not qualify for the derecognition of the assets since the risks and rewards connected with collection are not substantially transferred, and, accordingly, the Company continues to recognize the receivables transferred by this means in its balance sheet and a financial liability of the same amount under asset-backed financing. At March 31, 2019 and December 31, 2018 , the carrying amount of such restricted assets included in financing receivables above are the following (in millions): Restricted Receivables March 31, 2019 December 31, 2018 Retail note and finance lease receivables $ 6,256 $ 6,371 Wholesale receivables 7,084 7,052 Total $ 13,340 $ 13,423

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories as of March 31, 2019 and December 31, 2018 consist of the following: March 31, 2019 December 31, 2018 (in millions) Raw materials $ 1,522 $ 1,293 Work-in-process 717 576 Finished goods 5,515 4,857 Total inventories $ 7,754 $ 6,726

LEASES

LEASES	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
LEASES	LEASES Lessee The Company has mainly operating lease contracts for buildings, plant and machinery, vehicles, IT equipment and machinery. Leases with a term of 12 months or less are not recorded in the balance sheet; the Company recognizes lease expense ( $4 million in the three months ended March 31, 2019) for these leases on a straight-line basis over the lease term. For the three months ended March 31, 2019, the Company incurred operating lease expenses of $39 million . At March 31, 2019, the Company has recorded approximately $454 million of a right-of-use asset and $453 million of lease liability included in Other Assets and Other Liabilities, respectively. During the three months ended March 31, 2019, leased assets obtained in exchange for operating lease obligations were $18 million . The operating cash outflow for amounts included in the measurement of operating lease obligations was $40 million . At March 31, 2019, the weighted average remaining lease term and weighted average discount rate for operating leases were 6.8 years and 3.2% . Future minimum lease payments repayments under non-cancellable leases as of March 31, 2019 were as follows: Operating Leases ($ million) 2019 (excluding the three months ended March 2019) $ 106 2020 110 2021 75 2022 52 2023 41 2024 and thereafter 130 Total future minimum lease payments $ 514 Less: Interest (61 ) Total $ 453 Lessor The Company, primarily through its Financial Services segment, leases equipment and vehicles to retail customers under operating leases. Our leases typically have terms of 3 to 5 years with options available for the lessee to purchase the equipment at the lease term date. Revenue for non-lease components are accounted for separately. The following table sets out a maturity analysis of operating lease payments, showing the undiscounted lease payments to be received after the reporting date: Amount (in millions) 2019 $ 148 2020 165 2021 100 2022 37 2023 and thereafter 17 Total undiscounted lease payments $ 467

INVESTMENTS IN UNCONSOLIDATED S

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES	3 Months Ended
	Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES	INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES A summary of investments in unconsolidated subsidiaries and affiliates as of March 31, 2019 and December 31, 2018 is as follows: March 31, 2019 December 31, 2018 (in millions) Equity method $ 524 $ 523 Cost method 3 3 Total $ 527 $ 526

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLES	GOODWILL AND OTHER INTANGIBLES Changes in the carrying amount of goodwill for the three months ended March 31, 2019 are as follows: Agriculture Construction Commercial and Specialty Powertrain Financial Total (in millions) Balance at Balance at January 1, 2019 $ 1,646 $ 587 $ 62 $ 5 $ 153 $ 2,453 Foreign currency translation and other 3 1 (2 ) — — 2 Balance at Balance at March 31, 2019 $ 1,649 $ 588 $ 60 $ 5 $ 153 $ 2,455 As of March 31, 2019 and December 31, 2018 , the Company’s other intangible assets and related accumulated amortization consisted of the following: March 31, 2019 December 31, 2018 Weighted Avg. Life Gross Accumulated Net Gross Accumulated Net (in millions) Other intangible assets subject to amortization: Dealer networks 15 $ 319 $ 211 $ 108 $ 320 $ 207 $ 113 Patents, concessions and licenses and other 5-25 1,877 1,484 393 1,879 1,477 402 2,196 1,695 501 2,199 1,684 515 Other intangible assets not subject to amortization: Trademarks 273 — 273 273 — 273 Total Other intangible assets $ 2,469 $ 1,695 $ 774 $ 2,472 $ 1,684 $ 788 CNH Industrial recorded amortization expense of $26 million and $28 million for the three months ended March 31, 2019 and 2018 , respectively.

OTHER LIABILITIES

OTHER LIABILITIES	3 Months Ended
	Mar. 31, 2019
Other Liabilities Disclosure [Abstract]
OTHER LIABILITIES	OTHER LIABILITIES A summary of Other liabilities as of March 31, 2019 and December 31, 2018 is as follows: March 31, 2019 December 31, 2018 (in millions) Repurchase price on buy-back agreements $ 1,760 $ 1,870 Warranty and campaign programs 915 925 Marketing and sales incentive programs 1,247 1,329 Tax payables 653 685 Accrued expenses and deferred income 633 609 Accrued employee benefits 601 680 Lease liabilities 453 — Legal reserves and other provisions 364 368 Contract reserve 261 262 Contract liabilities (1) 1,290 1,368 Restructuring reserve 68 71 Other 792 791 Total $ 9,037 $ 8,958 (1) Contract liabilities include $706 million and $773 million at March 31, 2019 and December 31, 2018 , respectively, for future rents related to buy-back agreements. Warranty and Campaign Programs CNH Industrial pays for basic warranty and other service action costs. A summary of recorded activity for the three months ended March 31, 2019 and 2018 for the basic warranty and accruals for campaign programs are as follows: Three Months Ended March 31, 2019 2018 (in millions) Balance at beginning of period $ 925 $ 932 Current year additions 184 204 Claims paid (180 ) (201 ) Currency translation adjustment and other (14 ) 24 Balance at March 31 $ 915 $ 959 Restructuring Provision The Company incurred restructuring expenses of $8 million and $3 million during the three months ended March 31, 2019 and 2018, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES As a global company with a diverse business portfolio, CNH Industrial is exposed to numerous legal risks, including dealer and supplier litigation, intellectual property right disputes, product warranty and defective product claims, product performance, asbestos, personal injury, emissions and/or fuel economy regulatory and contractual issues and environmental claims that arise in the ordinary course of business. The most significant of these matters are described below. The outcome of any current or future proceedings, claims, or investigations cannot be predicted with certainty. Adverse decisions in one or more of these proceedings, claims or investigations could require the Company to pay substantial damages or undertake service actions, recall campaigns or other costly actions. It is therefore possible that legal judgments could give rise to expenses that are not covered, or not fully covered, by insurers’ compensation payments and could affect CNH Industrial’s financial position and results. When it is probable that such a loss has been incurred and the amount can be reasonably estimated, an accrual has been made against the Company’s earnings and included in “Other liabilities” on the condensed consolidated balance sheets. Although the ultimate outcome of legal matters pending against CNH Industrial and its subsidiaries cannot be predicted, the Company believes the reasonable possible range of losses for these unresolved legal matters in addition to the amounts accrued would not have a material effect on its condensed consolidated financial statements. Environmental Pursuant to the U.S. Comprehensive Environmental Response, Compensation and Liability Act of 1980 (“CERCLA”), which imposes strict and, under certain circumstances, joint and several liability for remediation and liability for natural resource damages, and other federal and state laws that impose similar liabilities, CNH Industrial has received inquiries for information or notices of its potential liability regarding 66 non-owned U.S. sites at which regulated materials allegedly generated by CNH Industrial were released or disposed (“Waste Sites”). Of the Waste Sites, 16 are on the National Priority List (“NPL”) promulgated pursuant to CERCLA. For 60 of the Waste Sites, the monetary amount or extent of the Company’s liability has either been resolved, it has not been named as a potentially responsible party (“PRP”), or its liability is likely de minimis . Because estimates of remediation costs are subject to revision as more information becomes available about the extent and cost of remediation and settlement agreements can be reopened under certain circumstances, the Company’s potential liability for remediation costs associated with the 66 Waste Sites could change. Moreover, because liability under CERCLA and similar laws can be joint and several, CNH Industrial could be required to pay amounts in excess of its pro rata share of remediation costs. However, when appropriate, the financial strength of other PRPs has been considered in the determination of the Company’s potential liability. CNH Industrial believes that the costs associated with the Waste Sites will not have a material effect on the Company’s business, financial position, or results of operations. The Company is conducting environmental investigatory or remedial activities at certain properties that are currently or were formerly owned and/or operated or that are being decommissioned. The Company believes that the outcome of these activities will not have a material adverse effect on its business, financial position, or results of operations. The actual costs for environmental matters could differ materially from those costs currently anticipated due to the nature of historical handling and disposal of hazardous substances typical of manufacturing and related operations, the discovery of currently unknown conditions and as a result of more aggressive enforcement by regulatory authorities and changes in existing laws and regulations. As in the past, CNH Industrial plans to continue funding its costs of environmental compliance from operating cash flows. Investigation, analysis and remediation of environmental sites is a time consuming activity. The Company expects such costs to be incurred and claims to be resolved over an extended period of time that could exceed 30 years for some sites. As of March 31, 2019 and December 31, 2018 , environmental reserves of approximately $37 million and $38 million , respectively, were established to address these specific estimated potential liabilities. Such reserves are undiscounted and do not include anticipated recoveries, if any, from insurance companies. After considering these reserves, management is of the opinion that the outcome of these matters will not have a material adverse effect on the Company’s financial position or results of operations. Other Litigation and Investigation Follow-up on Damages Claims : Iveco, the Company’s wholly owned subsidiary, and its competitors were subject to an investigation by the European Commission (the “Commission”) into certain business practices in the European Union in relation to M&H trucks. On July 19, 2016, the Commission announced a settlement with Iveco. Following the settlement, CNH Industrial has been named as defendant in private litigation commenced in various European jurisdictions and Israel by customers and other third parties, either acting individually or as part of a wider group or class of claimants. These claims remain at an early stage. Further, CNH Industrial expects to face further claims based on the same legal grounds in various jurisdictions. The extent and outcome of these claims cannot be predicted at this time. Guarantees CNH Industrial provided guarantees on the debt or commitments of third parties and performance guarantees on non-consolidated affiliates as of March 31, 2019 and December 31, 2018 totaling of $435 million and $471 million , respectively.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS The Company may elect to measure financial instruments and certain other items at fair value. This fair value option would be applied on an instrument-by-instrument basis with changes in fair value reported in earnings. The election can be made at the acquisition of an eligible financial asset, financial liability or firm commitment or, when certain specified reconsideration events occur. The fair value election may not be revoked once made. The Company has not elected the fair value measurement option for eligible items. Fair-Value Hierarchy The hierarchy of valuation techniques for financial instruments is based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources while unobservable inputs reflect the Company’s market assumptions. These two types of inputs have created the following fair-value hierarchy: Level 1 - Quoted prices for identical instruments in active markets. Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 - Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. This hierarchy requires the use of observable market data when available. Determination of Fair Value When available, the Company uses quoted market prices to determine fair value and classifies such items in Level 1. In some cases where a market price is not available, the Company will use observable market-based inputs to calculate fair value, in which case the items are classified in Level 2. If quoted or observable market prices are not available, fair value is based upon internally developed valuation techniques that use, where possible, current market-based or independently sourced market parameters such as interest rates, currency rates, or yield curves. Items valued using such internally generated valuation techniques are classified according to the lowest level input or value driver that is significant to the valuation. Thus, an item may be classified in Level 3 even though there may be some significant inputs that are readily observable. The following section describes the valuation methodologies used by the Company to measure various financial instruments at fair value, including an indication of the level in the fair value hierarchy in which each instrument is generally classified. Where appropriate, the description includes details of the valuation models, and the key inputs to those models as well as any significant assumptions. Derivatives CNH Industrial utilizes derivative instruments to mitigate its exposure to interest rate and foreign currency exposures. Derivatives used as hedges are effective at reducing the risk associated with the exposure being hedged and are designated as a hedge at the inception of the derivative contract. CNH Industrial does not hold or enter into derivative or other financial instruments for speculative purposes. The credit and market risk related to derivatives is reduced through diversification among various counterparties, utilizing mandatory termination clauses and/or collateral support agreements. Derivative instruments are generally classified as Level 2 in the fair value hierarchy. The cash flows underlying all derivative contracts were recorded in operating activities in the condensed consolidated statements of cash flows. Foreign Exchange Derivatives CNH Industrial has entered into foreign exchange forward contracts and swaps in order to manage and preserve the economic value of cash flows in a currency different from the functional currency of the relevant legal entity. CNH Industrial conducts its business on a global basis in a wide variety of foreign currencies and hedges foreign currency exposures arising from various receivables, liabilities, and expected inventory purchases and sales. Derivative instruments utilized to hedge the foreign currency risk associated with anticipated inventory purchases and sales in foreign currencies are designated as cash flow hedges. Gains and losses on these instruments are deferred in accumulated other comprehensive income (loss) and recognized in earnings when the related transaction occurs. If a derivative instrument is terminated because the hedge relationship is no longer effective or because the hedged item is a forecasted transaction that is no longer determined to be probable, the cumulative amount recorded in accumulated other comprehensive income (loss) is recognized immediately in earnings. Such amounts were insignificant in all periods presented. CNH Industrial also uses forwards and swaps to hedge certain assets and liabilities denominated in foreign currencies. Such derivatives are considered economic hedges and not designated as hedging instruments. The changes in the fair values of these instruments are recognized directly in income in “Other, net” and are expected to offset the foreign exchange gains or losses on the exposures being managed. All of CNH Industrial’s foreign exchange derivatives are considered Level 2 as the fair value is calculated using market data input and can be compared to actively traded derivatives. The total notional amount of CNH Industrial’s foreign exchange derivatives was $7.7 billion and $7.2 billion at March 31, 2019 and December 31, 2018 , respectively. Interest Rate Derivatives CNH Industrial has entered into interest rate derivatives (swaps and caps) in order to manage interest rate exposures arising in the normal course of business. Interest rate derivatives that have been designated as cash flow hedges are being used by the Company to mitigate the risk of rising interest rates related to existing debt and anticipated issuance of fixed-rate debt in future periods. Gains and losses on these instruments are deferred in accumulated other comprehensive income (loss) and recognized in interest expense over the period in which CNH Industrial recognizes interest expense on the related debt. Interest rate derivatives that have been designated as fair value hedge relationships have been used by CNH Industrial to mitigate the volatility in the fair value of existing fixed rate bonds and medium-term notes due to changes in floating interest rate benchmarks. Gains and losses on these instruments are recorded in “Interest expense” in the period in which they occur and an offsetting gain or loss is also reflected in “Interest expense” based on changes in the fair value of the debt instrument being hedged due to changes in floating interest rate benchmarks. CNH Industrial also enters into offsetting interest rate derivatives with substantially similar terms that are not designated as hedging instruments to mitigate interest rate risk related to CNH Industrial’s committed asset-backed facilities. Unrealized and realized gains and losses resulting from fair value changes in these instruments are recognized directly in income. Net gains and losses on these instruments were insignificant for the three months ended March 31, 2019 and 2018 . All of CNH Industrial’s interest rate derivatives outstanding as of March 31, 2019 and December 31, 2018 are considered Level 2. The fair market value of these derivatives is calculated using market data input and can be compared to actively traded derivatives. The total notional amount of CNH Industrial’s interest rate derivatives was approximately $5.5 billion and $5.4 billion at March 31, 2019 and December 31, 2018 , respectively. Financial Statement Impact of CNH Industrial Derivatives The following table summarizes the gross impact of changes in the fair value of derivatives designated as cash flow hedges had on accumulated other comprehensive income and net income during the three months ended March 31, 2019 and 2018 (in millions): Recognized in Net Income For the Three Months Ended March 31, Gain (Loss) Recognized in Accumulated Other Comprehensive Income Classification of Gain (Loss) Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income 2019 Foreign exchange contracts $ (23 ) Net sales $ (5 ) Foreign exchange contracts (28 ) Cost of goods sold (11 ) Foreign exchange contracts (11 ) Other, Net (11 ) Interest rate contracts (9 ) Interest expense (1 ) Total $ (71 ) $ (28 ) 2018 Foreign currency contracts $ 2 Net sales $ — Foreign currency contracts 18 Cost of goods sold 12 Foreign currency contracts 8 Other, Net 5 Interest rate contracts 3 Interest expense (1 ) Total $ 31 $ 16 The following table summarizes the activity in accumulated other comprehensive income related to the derivatives held by the Company during the three months ended March 31, 2019 and 2018: In Millions Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2018 $ (23 ) $ 1 $ (22 ) Net changes in fair value of derivatives (71 ) 20 (51 ) Net losses reclassified from accumulated other comprehensive income into income 28 (4 ) 24 Accumulated derivative net losses as of March 31, 2019 $ (66 ) $ 17 $ (49 ) In Millions Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2017 $ 1 $ — $ 1 Net changes in fair value of derivatives 31 (4 ) 27 Net losses reclassified from accumulated other comprehensive income into income (16 ) — (16 ) Accumulated derivative net losses as of March 31, 2018 $ 16 $ (4 ) $ 12 The following table summarizes the impact that changes in the fair value of fair value hedges and derivatives not designated as hedging instruments had on earnings (in millions): For the three months ended Classification of Gain March 31, 2019 March 31, 2018 Fair Value Hedges Interest rate derivatives Interest expense $ 11 $ (7 ) Not Designated as Hedges Foreign exchange contracts Other, Net $ (24 ) $ 20 The fair values of CNH Industrial’s derivatives as of March 31, 2019 and December 31, 2018 in the condensed consolidated balance sheets are recorded as follows: Derivative Assets Derivative Assets March 31, 2019 December 31, 2018 in millions of dollars Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments Interest rate contracts Derivative assets $ 33 Derivative assets $ 21 Foreign currency contracts Derivative assets 37 Derivative assets 52 Total derivatives designated as hedging instruments $ 70 $ 73 Derivatives not designated as hedging instruments Interest rate contracts Derivative assets $ — Derivative assets $ 1 Foreign currency contracts Derivative assets 38 Derivative assets 24 Total derivatives not designated as hedging instruments $ 38 $ 25 Total derivatives $ 108 $ 98 Derivative Liabilities Derivative Liabilities March 31, 2019 December 31, 2018 in millions of dollars Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments Interest rate contracts Derivative liabilities $ 34 Derivative liabilities $ 29 Foreign currency contracts Derivative liabilities 84 Derivative liabilities 41 Total derivatives designated as hedging instruments $ 118 $ 70 Derivatives not designated as hedging instruments Interest rate contracts Derivative liabilities $ — Derivative liabilities $ — Foreign currency contracts Derivative liabilities 10 Derivative liabilities 38 Total derivatives not designated as hedging instruments $ 10 $ 38 Total derivatives $ 128 $ 108 Items Measured at Fair Value on a Recurring Basis The following tables present for each of the fair-value hierarchy levels the Company’s assets and liabilities that are measured at fair value on a recurring basis at March 31, 2019 and December 31, 2018 : Level 1 Level 2 Total March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 (in millions) Assets Foreign exchange derivatives $ — $ — $ 75 $ 76 $ 75 $ 76 Interest rate derivatives — — 33 22 33 22 Investments 1 1 — — 1 1 Total Assets $ 1 $ 1 $ 108 $ 98 $ 109 $ 99 Liabilities Foreign exchange derivatives $ — $ — $ (94 ) $ (79 ) $ (94 ) $ (79 ) Interest rate derivatives — — (34 ) (29 ) (34 ) (29 ) Total Liabilities $ — $ — $ (128 ) $ (108 ) $ (128 ) $ (108 ) Fair Value of Other Financial Instruments The carrying value of cash and cash equivalents, restricted cash, trade accounts receivable and accounts payable included in the condensed consolidated balance sheets approximates its fair value. Financial Instruments Not Carried at Fair Value The estimated fair market values of financial instruments not carried at fair value in the condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018 are as follows: March 31, 2019 December 31, 2018 Carrying Fair Carrying Fair (in millions) Financing receivables $ 19,062 $ 18,879 $ 19,167 $ 19,017 Debt $ 23,807 $ 24,028 $ 24,445 $ 24,481 Financing Receivables The fair value of financing receivables is based on the discounted values of their related cash flows at current market interest rates and they are classified as a Level 3 fair value measurement. Debt All debt is classified as a Level 2 fair value measurement with the exception of bonds issued by CNH Industrial Finance Europe S.A. and bonds issued by CNH Industrial N.V. that are classified as a Level 1 fair value measurement.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The Company’s share of comprehensive income (loss) includes net income plus other comprehensive income, which includes changes in fair value of certain derivatives designated as cash flow hedges, certain changes in pension and other retirement benefit plans, foreign currency translations gains and losses, the Company’s share of other comprehensive income (loss) of entities accounted for using the equity method, and reclassifications for amounts included in net income (loss) less net income (loss) and other comprehensive income (loss) attributable to the noncontrolling interest. For more information on derivative instruments, see “Note 16: Financial Instruments”. For more information on pensions and retirement benefit obligations, see “Note 6: Employee Benefit Plans and Postretirement Benefits”. The Company’s other comprehensive income (loss) amounts are aggregated within accumulated other comprehensive income (loss). The tax effect for each component of other comprehensive income (loss) consisted of the following (in millions): Three Months Ended March 31, 2019 Gross Income Net Unrealized gain (loss) on cash flow hedges $ (43 ) $ 16 $ (27 ) Changes in retirement plans’ funded status (10 ) 3 (7 ) Foreign currency translation 86 — 86 Share of other comprehensive (loss) of entities using the equity method (3 ) — (3 ) Other comprehensive income (loss) $ 30 $ 19 $ 49 Three Months Ended March 31, 2018 Gross Income Net Unrealized gain (loss) on cash flow hedges $ 14 $ (3 ) $ 11 Changes in retirement plans’ funded status 14 (4 ) 10 Foreign currency translation (289 ) — (289 ) Share of other comprehensive income of entities using the equity method 15 — 15 Other comprehensive income (loss) $ (246 ) $ (7 ) $ (253 ) The changes, net of tax, in each component of accumulated other comprehensive income (loss) consisted of the following (in millions): Unrealized Change in Foreign Currency Share of Other Total Balance, January 1, 2018 $ 1 $ (950 ) $ (899 ) $ (118 ) $ (1,966 ) Other comprehensive income (loss), before reclassifications 27 (15 ) (289 ) 14 (263 ) Amounts reclassified from other comprehensive (16 ) 25 — — 9 Other comprehensive income (loss) * 11 10 (289 ) 14 (254 ) Balance, March 31, 2018 $ 12 $ (940 ) $ (1,188 ) $ (104 ) $ (2,220 ) Balance, January 1, 2019 $ (22 ) $ (473 ) $ (1,216 ) $ (148 ) $ (1,859 ) Other comprehensive income (loss), before reclassifications (51 ) (76 ) 86 (5 ) (46 ) Amounts reclassified from other comprehensive 24 69 — — 93 Other comprehensive income (loss) * (27 ) (7 ) 86 (5 ) 47 Reclassification of certain tax effects — (65 ) — — (65 ) Balance, March 31, 2019 $ (49 ) $ (545 ) $ (1,130 ) $ (153 ) $ (1,877 ) (*) Excluded from the table above is other comprehensive income (loss) allocated to noncontrolling interests of $2 million and $1 million for the three months ended March 31, 2019 and 2018 , respectively. Significant amounts reclassified out of each component of accumulated other comprehensive income (loss) in the three months ended March 31, 2019 and 2018 consisted of the following: Amounts Reclassified from Other Consolidated Statement of Operations Line Three Months Ended March 31, 2019 2018 (in millions) Cash flow hedges $ 5 $ — Net sales 11 (12 ) Cost of goods sold 11 (5 ) Other, net 1 1 Interest expense (4 ) — Income taxes $ 24 $ (16 ) Change in retirement plans’ funded status: Amortization of actuarial losses $ 17 $ 21 * Amortization of prior service cost (30 ) (1 ) * 82 5 Income taxes $ 69 $ 25 Total reclassifications, net of tax $ 93 $ 9 (*) These amounts are included in net periodic pension and other postretirement benefit cost. See “Note 6: Employee Benefit Plans and Postretirement Benefits” for additional information.

RELATED PARTY INFORMATION

RELATED PARTY INFORMATION	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY INFORMATION	RELATED PARTY INFORMATION CNH Industrial’s related parties are primarily EXOR N.V. and the companies that EXOR N.V. controls or has significant influence over, including Fiat Chrysler Automobiles N.V. and its subsidiaries and affiliates (“FCA”) and Ferrari N.V. and its subsidiaries and affiliates (“Ferrari”). As of March 31, 2019 , EXOR N.V. held 42.1% of CNH Industrial’s voting power and had the ability to significantly influence the decisions submitted to a vote of CNH Industrial’s shareholders, including approval of annual dividends, the election and removal of directors, mergers or other business combinations, the acquisition or disposition of assets and issuances of equity and the incurrence of indebtedness. The percentage above has been calculated as the ratio of (i) the aggregate number of common shares and special voting shares owned by EXOR N.V. to (ii) the aggregate number of outstanding common shares and special voting shares of CNH Industrial as of March 31, 2019 . In addition, CNH Industrial engages in transactions with its unconsolidated subsidiaries and affiliates over which CNH Industrial has a significant influence or jointly controls. The Company’s Audit Committee reviews and evaluates all significant related party transactions. Transactions with EXOR N.V. and its Subsidiaries and Affiliates EXOR N.V. is an investment holding company in Europe. Among other things, EXOR N.V. manages a portfolio that includes investments in FCA and Ferrari. CNH Industrial did not enter into any significant transactions with EXOR N.V. during the three months ended March 31, 2019 and 2018 . In connection with the establishment of Fiat Industrial (now CNH Industrial) through the demerger from Fiat (now FCA), the two companies entered into a Master Services Agreement (“MSA”) which sets forth the primary terms and conditions pursuant to which the service provider subsidiaries of CNH Industrial and FCA provide services to the service receiving subsidiaries. As structured, the applicable service provider and service receiver subsidiaries become parties to the MSA through the execution of an Opt-in letter that may contain additional terms and conditions. Pursuant to the MSA, service receivers are required to pay to service providers the actual cost of the services plus a negotiated margin. FCA subsidiaries provide CNH Industrial with administrative services such as accounting, cash management, maintenance of plant and equipment, security, information systems and training under the terms and conditions of the MSA and the applicable Opt-in letters. Additionally, CNH Industrial sells engines and light commercial vehicles to and purchases engine blocks and other components from FCA subsidiaries. Furthermore, CNH Industrial and FCA may engage in other minor transactions in the ordinary course of business. These transactions with FCA are reflected in the Company’s condensed consolidated financial statements as follows: Three Months Ended March 31, 2019 2018 (in millions) Net sales $ 160 $ 199 Cost of goods sold $ 113 $ 136 Selling, general and administrative expenses $ 33 $ 38 March 31, 2019 December 31, 2018 (in millions) Trade receivables $ 9 $ 10 Trade payables $ 110 $ 118 Transactions with Unconsolidated Subsidiaries and Affiliates CNH Industrial sells commercial vehicles, agricultural and construction equipment, and provides technical services to unconsolidated subsidiaries and affiliates such as IVECO-OTO MELARA Società Consortile a responsabilità limitata, CNH de Mexico SA de CV, Turk Traktor ve Ziraat Makineleri A.S. and New Holland HFT Japan Inc. CNH Industrial also purchases equipment from unconsolidated subsidiaries and affiliates, such as Turk Traktor ve Ziraat Makineleri A.S. These transactions primarily affected revenues, finance and interest income, cost of goods sold, trade receivables and payables and are presented as follows: Three Months Ended March 31, 2019 2018 (in millions) Net sales $ 251 $ 319 Cost of goods sold $ 106 $ 95 March 31, 2019 December 31, 2018 (in millions) Trade receivables $ 158 $ 107 Trade payables $ 106 $ 103 At March 31, 2019 and December 31, 2018 , CNH Industrial had provided guarantees on commitments of its joint ventures for an amount of $140 million and $160 million , respectively, mainly related to IVECO-OTO MELARA Società Consortile a responsabilità limitata. At March 31, 2019 CNH Industrial had provided guarantees on commitments of its associated company for an amount of $261 million related to CNH Industrial Capital Europe S.a.S.

SUPPLEMENTAL INFORMATION

SUPPLEMENTAL INFORMATION	3 Months Ended
	Mar. 31, 2019
Supplemental Information [Abstract]
SUPPLEMENTAL INFORMATION	SUPPLEMENTAL INFORMATION The operations and key financial measures and financial analysis differ significantly for manufacturing and distribution businesses and financial services businesses; therefore, management believes that certain supplemental disclosures are important in understanding the consolidated operations and financial results of CNH Industrial. This supplemental data is as follows: Industrial Activities - The financial information captioned “Industrial Activities” reflects the consolidation of all majority-owned subsidiaries except for Financial Services. Financial Services has been included using the equity method of accounting whereby the net income and net assets of Financial Services are reflected, respectively, in “Equity in income of unconsolidated subsidiaries and affiliates” in the accompanying condensed consolidated statements of operations, and in “Investment in Financial Services” in the accompanying condensed consolidated balance sheets. Financial Services - The financial information captioned “Financial Services” reflects the consolidation or combination of Financial Services business. Transactions between the “Industrial Activities” and “Financial Services” have been eliminated to arrive at the condensed consolidated financial statements. Statement of Operations Industrial Activities Financial Services Three Months Ended March 31, Three Months Ended March 31, 2019 2018 2019 2018 (in millions) Revenues Net sales $ 6,006 $ 6,300 $ — $ — Finance, interest and other income 30 27 474 502 Total Revenues $ 6,036 $ 6,327 $ 474 $ 502 Costs and Expenses Cost of goods sold $ 4,966 $ 5,256 $ — $ — Selling, general and administrative expenses 493 527 46 63 Research and development expenses 244 227 — — Restructuring expenses 8 3 — — Interest expense 83 120 153 136 Other, net 16 80 152 171 Total Costs and Expenses $ 5,810 $ 6,213 $ 351 $ 370 Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates 226 114 123 132 Income tax (expense) benefit (54 ) (23 ) (36 ) (40 ) Equity in income of unconsolidated subsidiaries and affiliates (3 ) 8 8 11 Results from intersegment investments 95 103 — — Net income $ 264 $ 202 $ 95 $ 103 Balance Sheets Industrial Activities Financial Services March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 (in millions) ASSETS Cash and cash equivalents $ 3,226 $ 4,553 $ 447 $ 478 Restricted cash 49 — 737 772 Trade receivables 463 398 36 34 Financing receivables 1,710 1,253 20,224 20,252 Inventories, net 7,497 6,510 257 216 Property, plant and equipment, net 5,606 5,899 2 2 Investments in unconsolidated subsidiaries and affiliates 3,221 3,126 222 219 Equipment under operating leases 28 34 1,755 1,740 Goodwill 2,302 2,301 153 152 Other intangible assets, net 758 774 16 14 Deferred tax assets 557 635 167 175 Derivative assets 80 81 36 24 Other assets 2,194 1,707 263 323 Total Assets $ 27,691 $ 27,271 $ 24,315 $ 24,401 LIABILITIES AND EQUITY Debt $ 6,452 $ 6,347 $ 20,227 $ 20,436 Trade payables 5,876 5,771 132 173 Deferred tax liabilities 12 83 263 250 Pension, postretirement and other postemployment benefits 1,442 1,470 18 18 Derivative liabilities 103 89 33 26 Other liabilities 8,385 8,413 726 681 Total Liabilities $ 22,270 $ 22,173 $ 21,399 $ 21,584 Equity 5,391 5,068 2,916 2,817 Redeemable noncontrolling interest 30 30 — — Total Liabilities and Equity $ 27,691 $ 27,271 $ 24,315 $ 24,401 Statements of Cash Flows Industrial Activities Financial Services Three Months Ended March 31, Three Months Ended March 31, 2019 2018 2019 2018 (in millions) Operating activities: Net income $ 264 $ 202 $ 95 $ 103 Adjustments to reconcile net income (loss) to net cash Depreciation and amortization expense, net of 168 184 1 1 Depreciation and amortization expense of 79 102 65 66 Loss on disposal of assets — — — — Loss on repurchase/early redemption of notes — — — — Undistributed loss of unconsolidated subsidiaries (84 ) (30 ) (8 ) (11 ) Other non-cash items 28 30 5 20 Changes in operating assets and liabilities: Provisions (96 ) (119 ) (10 ) (7 ) Deferred income taxes 10 (7 ) 22 (17 ) Trade and financing receivables related to (65 ) (41 ) (229 ) 234 Inventories, net (950 ) (848 ) 71 93 Trade payables 171 167 (41 ) (28 ) Other assets and liabilities (339 ) (194 ) 99 78 Net cash provided by (used in) operating activities $ (814 ) $ (554 ) $ 70 $ 532 Investing activities: Additions to retail receivables — — (947 ) (959 ) Collections of retail receivables — — 1,225 1,089 Proceeds from sale of assets, net of assets sold — 1 — — Expenditures for property, plant and equipment (77 ) (61 ) (2 ) (1 ) Expenditures for assets under operating leases and (100 ) (196 ) (185 ) (109 ) Other (370 ) 109 398 (156 ) Net cash provided by (used in) investing activities $ (547 ) $ (147 ) $ 489 $ (136 ) Financing activities: Proceeds from long-term debt 683 1 3,127 3,038 Payments of long-term debt (630 ) (1,081 ) (3,371 ) (3,317 ) Net increase in other financial liabilities 73 23 (394 ) (92 ) Dividends paid (1 ) (1 ) (7 ) (52 ) Other — (90 ) 20 — Net cash provided by (used in) financing activities $ 125 $ (1,148 ) $ (625 ) $ (423 ) Effect of foreign exchange rate changes on cash and (42 ) 68 — (4 ) Decrease in cash and cash equivalents and restricted cash (1,278 ) (1,781 ) (66 ) (31 ) Cash and cash equivalents and restricted cash, beginning of year 4,553 4,901 1,250 1,299 Cash and cash equivalents and restricted cash, end of period $ 3,275 $ 3,120 $ 1,184 $ 1,268

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS At the Annual General Meeting of shareholders held on April 12, 2019 , the Company’s shareholders approved a dividend of € 0.18 per common share, equivalent to a total distribution of € 244 million ( $275 million ) and the payment occurred on May 2, 2019. The shareholders also replaced the authorization for the Board to repurchase up to a maximum of 10% of the Company’s common shares issued as of the date of the AGM.

NEW ACCOUNTING PRONOUNCEMENTS (

NEW ACCOUNTING PRONOUNCEMENTS (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation	CNH Industrial N.V. (“CNH Industrial” or the “Company”) is incorporated in, and under the laws of, the Netherlands. CNH Industrial has its corporate seat in Amsterdam, the Netherlands, and its principal office in London, England, United Kingdom. The Company was formed on September 29, 2013 as a result of the business combination transaction between Fiat Industrial S.p.A. (“Fiat Industrial”) and its majority owned subsidiary CNH Global N.V. (“CNH Global”). Unless otherwise indicated or the context otherwise requires, the terms “CNH Industrial” and the “Company” refer to CNH Industrial and its subsidiaries. The condensed consolidated financial statements of CNH Industrial N.V. and its consolidated subsidiaries have been voluntarily prepared by the Company without audit. Although prepared on a voluntary basis, the condensed consolidated financial statements included in the report comply in all material respects with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) governing interim financial statements. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted as permitted by such rules and regulations. All adjustments, consisting only of normal recurring adjustments, have been included. Management believes that the disclosures are adequate to present fairly the financial position, results of operations, and cash flows at the dates and for the periods presented. These interim financial statements should be read in conjunction with the financial statements and the notes thereto appearing in the Company’s annual report on Form 20-F for the year ended December 31, 2018 . Results for interim periods are not necessarily indicative of those to be expected for the fiscal year. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and related accompanying notes and disclosures. Actual results could differ materially from those estimates. Certain financial information in this report has been presented by geographic area. Starting from the first quarter of 2019, the composition of CNH Industrial's regions has been revised as follows: (1) North America; (2) Europe; (3) South America and (4) Rest of World. The geographic designations have the following meanings: • North America (formerly NAFTA) : United States, Canada and Mexico; • Europe : member countries of the European Union, European Free Trade Association, Ukraine, and Balkans, formerly included in EMEA; • South America (formerly LATAM) : Central and South America, and the Caribbean Islands; and • Rest of World : Continental Asia (including Turkey and Russia), Oceania and member countries of the Commonwealth of Independent States (excluding Ukraine), formerly included in APAC, and African continent and Middle East, formerly included in EMEA.
Derivatives and Hedging	In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities (“ASU 2017-12”), which amends ASC 815, Derivatives and Hedging. The purpose of this ASU is to better align a company’s risk management activities and financial reporting for hedging relationships, simplify the hedge accounting requirements and improve the disclosures of hedging arrangements. Among other provisions, the new standard (1) requires an entity to present the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is reported, (2) eliminates the separate measurement and reporting of hedge ineffectiveness and (3) permits an entity to recognize in earnings the initial value of an excluded component under a systematic and rational method over the life of the derivative instrument. The Company adopted ASU 2017-12 on January 1, 2019. The adoption did not have a material impact on our results of operations, financial position and cash flows.
Leases	A lease is a contract that conveys the right to control the use of an identified asset (the leased asset) for a period of time in exchange for consideration. The lease term determined by the Company comprises the non-cancellable period of lease contract together with both periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option; and periods covered by an option to terminate the lease if the lessee is reasonably certain not to exercise that option. For lease agreements, we combine lease and non-lease components. For leases with terms not exceeding twelve months (short-term leases), the Company recognizes the lease payments associated with those leases on a straight-line basis over the lease term as an operating expenses in the income statement. For all other leases, the right-of-use asset includes the amount of lease liability recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Correspondingly, the Company recognizes a lease liability, measured at the present value of lease payments to be made over the lease term. In calculating the present value of lease payments, the Company uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. For finance leases, the right-of-use asset is classified within Property, plant and equipment, net and the lease liability, within Debt. Assets held under finance leases, which the Company assumes substantially all the risks and rewards of ownership, are recognized as assets of the Company at the lower of fair value or present value of the minimum lease payments. In case of operating leases, the right-of-use asset is classified within Other assets and the lease liability, within Other liabilities. After the commencement date, the Company recognizes in profit or loss a single lease cost, calculated so that the remaining cost of the lease is allocated over the remaining lease term on a straight-line basis. In particular, after lease commencement, the lease liability is measured at the present value of any remaining lease payments, discounted by using the rate determined at lease commencement, consistently with the model used to calculate the liability related to the finance lease. Correspondingly, the right-of-use asset is measured as the lease liability adjusted by accrued or prepaid rents (i.e., the aggregate difference between the cash payment and straight-line lease cost), remaining unamortized initial direct costs and lease incentives, and any impairments of the right-of-use asset.
Comprehensive Income	In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (“ASU 2018-02”), which amends ASC 220, Income Statement - Reporting Comprehensive Income . In December 2017, the U.S. government enacted new tax legislation (“U.S. Tax Reform”). Included in the provisions of U.S. Tax Reform was a reduction of the corporate income tax rate from 35 percent to 21 percent . U.S. GAAP requires that the remeasurement of deferred taxes to the new corporate tax rate occur in the period in which the legislation is enacted with the deferred tax adjustment being recorded in the provision for income taxes, including items for which the tax effects were originally recorded in Other Comprehensive Income (“OCI”). This treatment results in the items in OCI reflecting a disproportionate tax rate, a result often referred to as stranded tax effects. This ASU allows a reclassification from accumulated OCI to retained earnings for stranded tax effects resulting from U.S. Tax Reform. ASU 2018-02 is effective for annual reporting periods beginning after December 15, 2018 including interim periods within those fiscal years.
Changes in Stockholders' Equity and Noncontrolling Interest	In August 2018, the SEC adopted a final rule that amends certain disclosure requirements that have become duplicative, overlapping, or outdated in light of other SEC disclosure requirements, U.S. GAAP, or changes in the information environment. However, the guidance also added requirements for registrants to include in their interim financial statements a reconciliation of changes in stockholders’ equity for each period for which an income statement is required (both year-to-date and quarterly periods). The Company adopted the new interim disclosure requirement in its U.S. GAAP quarterly report for the three months ended March 31, 2019, which had no material impact to the Statement of Changes in Equity.
New Accounting Policies Not Yet Adopted	In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”), which establishes ASC 326, Financial Instruments - Credit Losses . In November 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018-19, Codification Improvements to Topic 326, Financial Instruments - Credit Losses (“ASU 2018-19”), which supersedes existing Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). The ASU introduced a new model for recognizing credit losses on financial instruments based on an estimate of current expected credit losses. Additional disclosures about significant estimates and credit quality are also required. ASU 2018-19 is effective for annual period beginning after December 15, 2019. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. Fair Value Measurement In August 2018, the FASB issued ASU No. 2018-13, Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement , which amends ASC 820, Fair Value Measurement . This ASU modifies the disclosure requirements for fair value measurements by removing, modifying, or adding certain disclosures. The effective date is the first quarter of fiscal year 2021, with early adoption permitted for the removed disclosures and delayed adoption until fiscal year 2021 permitted for the new disclosures. The removed and modified disclosures will be adopted on a retrospective basis and the new disclosures will be adopted on a prospective basis. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. Intangibles - Cloud Computing Arrangements In August 2018, the FASB issued ASU No. 2018-15, Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement ("ASU 2018-15"), which expands upon the guidance set forth in ASU 2015-05, Customer's Accounting for Fees Paid in a Cloud Computing Arrangement . ASU 2018-15 aligns the requirements for capitalization of implementation costs in a cloud computing service contract with those requirements for capitalization of implementation costs incurred for an internal-use software license. ASU 2018-15 is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years, and early adoption is permitted in any interim period for which financial statements have not been issued. ASU 2018-15 may be applied prospectively from the date the guidance is first applied or retrospectively. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. Related Party Guidance for Variable Interest Entities In October 2018, the FASB issued ASU No. 2018-17, Targeted Improvements to Related Party Guidance for Variable Interest Entities ("ASU 2018-17"), which expands the application of a specific private company alternative related to VIEs and changes the guidance for determining whether a decision-making fee is a variable interest. ASU 2018-17 is effective for annual periods beginning after December 15, 2019, including interim periods within those fiscal years, and early adoption is permitted in any interim period. ASU 2018-17 is required to be applied retrospectively from the date the guidance is first applied. The Company is currently evaluating the impact the adoption of this standard will have on its consolidated financial statements. Defined Benefit Plans Disclosure In August 2018, the FASB issued ASU 2018-14, Compensation - Retirement Benefits - Defined Benefit Plans - General: Changes to the Disclosure Requirements for Defined Benefit Plans ("ASU 2018-14"), which modifies the disclosure requirements for employers that sponsor defined benefit pension or other postretirement plans by removing and adding certain disclosures for these plans. ASU 2018-14 is effective for annual periods beginning after December 15, 2020. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this ASU on its related disclosures.

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Summary of Disaggregation of Revenue by Segment and Source	The following table summarizes revenues for the three months ended March 31, 2019 and 2018 : For the Three Months Ended 2019 2018 (in millions) Agriculture $ 2,490 $ 2,579 Construction 640 682 Commercial and Specialty Vehicles 2,414 2,495 Powertrain 1,036 1,186 Eliminations and Other (574 ) (642 ) Total Industrial Activities $ 6,006 $ 6,300 Financial Services 474 502 Eliminations and Other (23 ) (29 ) Total Revenues $ 6,457 $ 6,773 The following table disaggregates revenues by major source for the three months ended March 31, 2019 and 2018 : Three Months Ended March 31, 2019 2018 (in millions) Revenues from: Sales of goods $ 5,757 $ 6,065 Rendering of services 145 109 Rents on assets sold with a buy-back commitment 104 126 Revenues from sales of goods and services 6,006 6,300 Finance and interest income 288 294 Rents and other income on operating lease 163 179 Finance, interest and other income 451 473 Total Revenues $ 6,457 $ 6,773

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
	Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Summary of Assets and Liabilities of Consolidated VIEs	The following table presents certain assets and liabilities of consolidated VIEs, which are included in the condensed consolidated balance sheets included in this report. The assets in the table below include only those assets that can be used to settle obligations of the consolidated VIEs. The liabilities in the table below include third party liabilities of the consolidated VIEs for which creditors do not have recourse to the general credit of the Company. March 31, 2019 December 31, 2018 (in millions) Restricted cash $ 699 $ 732 Financing receivables 8,892 9,732 Total Assets $ 9,591 $ 10,464 Debt $ 8,778 $ 9,692 Total Liabilities $ 8,778 $ 9,692

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Summary of Basic and Diluted Earnings Per Share	A reconciliation of basic and diluted earnings per share is as follows (in millions, except per share amounts): Three Months Ended March 31, 2019 2018 Basic: Net income attributable to CNH Industrial $ 257 $ 196 Weighted average common shares outstanding—basic 1,354 1,363 Basic earnings per share $ 0.19 $ 0.14 Diluted: Net income attributable to CNH Industrial $ 257 $ 196 Weighted average common shares outstanding—basic 1,354 1,363 Effect of dilutive securities (when dilutive): Stock compensation plans (1) 2 5 Weighted average common shares outstanding—diluted 1,356 1,368 Diluted earnings per share $ 0.19 $ 0.14 (1) For the three months ended March 31, 2019 and 2018 , no shares were excluded from the computation of diluted earnings per share due to an anti-dilutive impact

EMPLOYEE BENEFIT PLANS AND PO_2

EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS (Tables)	3 Months Ended
	Mar. 31, 2019
Postemployment Benefits [Abstract]
Summary of Net Periodic Benefit Cost	The following table summarizes the components of net periodic benefit cost of CNH Industrial’s defined benefit pension plans and postretirement health and life insurance plans for the three months ended March 31, 2019 and 2018 : Pension Healthcare Other Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, 2019 2018 2019 2018 2019 2018 (in millions) Service cost 6 6 1 2 3 4 Interest cost 19 18 4 9 1 1 Expected return on assets (25 ) (28 ) (2 ) (2 ) — — Amortization of: Prior service credit — — (30 ) (1 ) — — Actuarial loss 17 19 — 2 — — Net periodic benefit cost 17 15 (27 ) 10 4 5

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Summary of Financial Information by Segment	The following tables summarize selected financial information by segment as well as the reconciliation from consolidated net income (loss) under U.S. GAAP to Adjusted EBIT and Adjusted EBITDA for the three months ended March 31, 2019 and 2018 . Three Months Ended March 31, 2019 Agriculture Construction Commercial and Specialty Vehicles Powertrain Unallocated items, eliminations and other Total Industrial Activities Financial Services Eliminations Total (in millions) Revenues $ 2,490 $ 640 $ 2,414 $ 1,036 $ (574 ) $ 6,006 $ 474 $ (23 ) $ 6,457 Net income (1) 169 95 — 264 Add back: Income tax expense 54 36 — 90 Interest expense of Industrial Activities, net of interest income and eliminations 53 — — 53 Foreign exchange losses, net 9 — — 9 Finance and non-service component of Pension and OPEB costs (2) (15 ) — — (15 ) Adjustments: Restructuring expenses 3 — 5 — — 8 — — 8 Adjusted EBIT $ 168 $ 13 $ 51 $ 96 $ (50 ) $ 278 $ 131 $ — $ 409 Depreciation and amortization 75 14 47 32 — 168 1 — 169 Depreciation of assets on operating lease and assets sold with buy-back commitment — — 79 — — 79 65 — 144 Adjusted EBITDA $ 243 $ 27 $ 177 $ 128 $ (50 ) $ 525 $ 197 $ — $ 722 (1) For Industrial Activities, net income net of “Results from intersegment investments”. (2) This item includes the pre-tax gain of $30 million as a result of the amortization over approximately 4.5 years of the $527 million positive impact from the modification of certain healthcare benefits in the U.S. Three Months Ended March 31, 2018 Agriculture Construction Commercial and Specialty Vehicles Powertrain Unallocated items, eliminations and other Total Industrial Activities Financial Services Eliminations Total (in millions) Revenues $ 2,579 $ 682 $ 2,495 $ 1,186 $ (642 ) $ 6,300 $ 502 $ (29 ) $ 6,773 Net income (loss) (1) 99 103 — 202 Add back: Income tax expense 23 40 — 63 Interest expense of Industrial Activities, net of interest income and eliminations 93 — — 93 Foreign exchange losses, net 25 — — 25 Finance and non-service component of Pension and OPEB costs 18 — — 18 Adjustments: Restructuring expenses — — 3 — — 3 — — 3 Adjusted EBIT $ 186 $ — $ 49 $ 95 $ (69 ) $ 261 $ 143 $ — $ 404 Depreciation and amortization 79 16 55 34 — 184 1 — 185 Depreciation of assets on operating lease and assets sold with buy-back commitment — — 102 — — 102 66 — 168 Adjusted EBITDA $ 265 $ 16 $ 206 $ 129 $ (69 ) $ 547 $ 210 $ — $ 757 (1) For Industrial Activities, net income net of “Results from intersegment investments”.

RECEIVABLES (Tables)

RECEIVABLES (Tables)	3 Months Ended
	Mar. 31, 2019
Receivables [Abstract]
Summary of Financing Receivables	A summary of financing receivables as of March 31, 2019 and December 31, 2018 is as follows: March 31, 2019 December 31, 2018 (in millions) Retail $ 9,083 $ 9,350 Wholesale 9,908 9,749 Other 71 68 Total $ 19,062 $ 19,167
Summary of Aging of Financing Receivables	The aging of financing receivables as of March 31, 2019 and December 31, 2018 is as follows (in millions): March 31, 2019 31-60 Days 61-90 Days Greater Than Total Past Current Total Non- Total Retail North America $ 26 $ 6 $ — $ 32 $ 6,167 $ 6,199 $ 11 $ 6,210 Europe 2 — 10 12 119 131 50 181 South America 14 5 6 25 1,870 1,895 22 1,917 Rest of World 2 1 1 4 771 775 — 775 Total Retail $ 44 $ 12 $ 17 $ 73 $ 8,927 $ 9,000 $ 83 $ 9,083 Wholesale North America $ — $ — $ — $ — $ 3,731 $ 3,731 $ 1 $ 3,732 Europe 50 16 12 78 4,626 4,704 — 4,704 South America 6 2 1 9 687 696 55 751 Rest of World 10 9 1 20 701 721 — 721 Total Wholesale $ 66 $ 27 $ 14 $ 107 $ 9,745 $ 9,852 $ 56 $ 9,908 December 31, 2018 31-60 Days 61-90 Days Greater Than Total Past Current Total Non- Total Retail North America $ 21 $ 5 $ — $ 26 $ 6,285 $ 6,311 $ 12 $ 6,323 Europe 1 — 10 11 164 175 40 215 South America 11 9 7 27 1,885 1,912 83 1,995 Rest of World 2 1 — 3 814 817 — 817 Total Retail $ 35 $ 15 $ 17 $ 67 $ 9,148 $ 9,215 $ 135 $ 9,350 Wholesale North America $ — $ — $ — $ — $ 3,613 $ 3,613 $ 18 $ 3,631 Europe 20 9 — 29 4,727 4,756 — 4,756 South America — — — — 656 656 — 656 Rest of World 7 3 — 10 696 706 — 706 Total Wholesale $ 27 $ 12 $ — $ 39 $ 9,692 $ 9,731 $ 18 $ 9,749
Summary of Allowance for Credit Loss Activity	Allowance for credit losses activity for the three months ended March 31, 2019 and 2018 is as follows: Three Months Ended March 31, 2019 Retail Wholesale Other Total Opening Balance $ 326 $ 164 $ — $ 490 Provision (benefit) 8 (3 ) — 5 Charge-offs, net of recoveries (11 ) (2 ) — (13 ) Foreign Currency Translation and Other (6 ) (2 ) — (8 ) Ending Balance 317 157 — 474 Ending Balance: Individually Evaluated for Impairment 199 127 — 326 Ending Balance: Collectively Evaluated for Impairment 118 30 — 148 Receivables: Ending Balance 9,083 9,908 71 19,062 Ending Balance: Individually Evaluated for Impairment 350 315 — 665 Ending Balance: Collectively Evaluated for Impairment $ 8,733 $ 9,593 $ 71 $ 18,397 Three Months Ended March 31, 2018 Retail Wholesale Other Total Opening Balance $ 383 $ 200 $ — $ 583 Provision (benefit) 20 (1 ) — 19 Charge-offs, net of recoveries (14 ) (1 ) — (15 ) Foreign Currency Translation and Other 5 4 — 9 Ending Balance 394 202 — 596 Ending Balance: Individually Evaluated for Impairment 258 170 — 428 Ending Balance: Collectively Evaluated for Impairment 136 32 — 168 Receivables: Ending Balance 9,499 9,883 106 19,488 Ending Balance: Individually Evaluated for Impairment 379 435 — 814 Ending Balance: Collectively Evaluated for Impairment $ 9,120 $ 9,448 $ 106 $ 18,674 December 31, 2018 Retail Wholesale Other Total Opening Balance $ 383 $ 200 $ — $ 583 Provision (benefit) 53 (5 ) — 48 Charge-offs, net of recoveries (85 ) (15 ) — (100 ) Foreign Currency Translation and Other (25 ) (16 ) — (41 ) Ending Balance 326 164 — 490 Ending Balance: Individually Evaluated for Impairment 204 135 — 339 Ending Balance: Collectively Evaluated for Impairment 122 29 — 151 Receivables: Ending Balance 9,350 9,749 68 19,167 Ending Balance: Individually Evaluated for Impairment 359 314 — 673 Ending Balance: Collectively Evaluated for Impairment $ 8,991 $ 9,435 $ 68 $ 18,494
Summary of Financing Receivable Impairment	Financing receivables are considered impaired when it is probable that the Company will be unable to collect all amounts due according to the contractual terms. Receivables reviewed for impairment generally include those that are either past due, have provided bankruptcy notification, or require significant collection efforts. Impaired receivables are generally classified as non-performing. March 31, 2019 December 31, 2018 Recorded Unpaid Related Average Recorded Unpaid Related Average (in millions) With an allowance recorded Retail North America $ 33 $ 33 $ 17 $ 34 $ 31 $ 30 $ 16 $ 33 Europe $ 226 $ 226 $ 162 $ 173 $ 234 $ 234 $ 167 $ 249 South America $ 88 $ 88 $ 19 $ 89 $ 91 $ 91 $ 20 $ 88 Rest of World $ 3 $ 3 $ 1 $ 3 $ 3 $ 3 $ 1 $ 4 Wholesale North America $ 5 $ 5 $ 4 $ 8 $ 25 $ 23 $ 5 $ 27 Europe $ 278 $ 278 $ 101 $ 262 $ 256 $ 256 $ 107 $ 260 South America $ 23 $ 15 $ 14 $ 23 $ 23 $ 14 $ 16 $ 26 Rest of World $ 9 $ 9 $ 8 $ 9 $ 10 $ 10 $ 7 $ 9 Total Retail $ 350 $ 350 $ 199 $ 299 $ 359 $ 358 $ 204 $ 374 Wholesale $ 315 $ 307 $ 127 $ 302 $ 314 $ 303 $ 135 $ 322
Summary of Carrying Amount of Restricted Assets	At March 31, 2019 and December 31, 2018 , the carrying amount of such restricted assets included in financing receivables above are the following (in millions): Restricted Receivables March 31, 2019 December 31, 2018 Retail note and finance lease receivables $ 6,256 $ 6,371 Wholesale receivables 7,084 7,052 Total $ 13,340 $ 13,423

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Summary of Inventories	Inventories as of March 31, 2019 and December 31, 2018 consist of the following: March 31, 2019 December 31, 2018 (in millions) Raw materials $ 1,522 $ 1,293 Work-in-process 717 576 Finished goods 5,515 4,857 Total inventories $ 7,754 $ 6,726

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Schedule of Future Minimum Lease Payments Under Operating Leases and Payments to be Received	Future minimum lease payments repayments under non-cancellable leases as of March 31, 2019 were as follows: Operating Leases ($ million) 2019 (excluding the three months ended March 2019) $ 106 2020 110 2021 75 2022 52 2023 41 2024 and thereafter 130 Total future minimum lease payments $ 514 Less: Interest (61 ) Total $ 453
Schedule of Undiscounted Lease Payments to be Received	The following table sets out a maturity analysis of operating lease payments, showing the undiscounted lease payments to be received after the reporting date: Amount (in millions) 2019 $ 148 2020 165 2021 100 2022 37 2023 and thereafter 17 Total undiscounted lease payments $ 467

INVESTMENTS IN UNCONSOLIDATED_2

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES (Tables)	3 Months Ended
	Mar. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Summary of Investments in Unconsolidated Subsidiaries and Affiliates	A summary of investments in unconsolidated subsidiaries and affiliates as of March 31, 2019 and December 31, 2018 is as follows: March 31, 2019 December 31, 2018 (in millions) Equity method $ 524 $ 523 Cost method 3 3 Total $ 527 $ 526

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill for the three months ended March 31, 2019 are as follows: Agriculture Construction Commercial and Specialty Powertrain Financial Total (in millions) Balance at Balance at January 1, 2019 $ 1,646 $ 587 $ 62 $ 5 $ 153 $ 2,453 Foreign currency translation and other 3 1 (2 ) — — 2 Balance at Balance at March 31, 2019 $ 1,649 $ 588 $ 60 $ 5 $ 153 $ 2,455
Summary of Other Intangible Assets	As of March 31, 2019 and December 31, 2018 , the Company’s other intangible assets and related accumulated amortization consisted of the following: March 31, 2019 December 31, 2018 Weighted Avg. Life Gross Accumulated Net Gross Accumulated Net (in millions) Other intangible assets subject to amortization: Dealer networks 15 $ 319 $ 211 $ 108 $ 320 $ 207 $ 113 Patents, concessions and licenses and other 5-25 1,877 1,484 393 1,879 1,477 402 2,196 1,695 501 2,199 1,684 515 Other intangible assets not subject to amortization: Trademarks 273 — 273 273 — 273 Total Other intangible assets $ 2,469 $ 1,695 $ 774 $ 2,472 $ 1,684 $ 788

OTHER LIABILITIES (Tables)

OTHER LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2019
Other Liabilities Disclosure [Abstract]
Summary of Other Liabilities	A summary of Other liabilities as of March 31, 2019 and December 31, 2018 is as follows: March 31, 2019 December 31, 2018 (in millions) Repurchase price on buy-back agreements $ 1,760 $ 1,870 Warranty and campaign programs 915 925 Marketing and sales incentive programs 1,247 1,329 Tax payables 653 685 Accrued expenses and deferred income 633 609 Accrued employee benefits 601 680 Lease liabilities 453 — Legal reserves and other provisions 364 368 Contract reserve 261 262 Contract liabilities (1) 1,290 1,368 Restructuring reserve 68 71 Other 792 791 Total $ 9,037 $ 8,958 (1) Contract liabilities include $706 million and $773 million at March 31, 2019 and December 31, 2018 , respectively, for future rents related to buy-back agreements.
Summary of Basic Warranty and Accruals for Campaign Programs	A summary of recorded activity for the three months ended March 31, 2019 and 2018 for the basic warranty and accruals for campaign programs are as follows: Three Months Ended March 31, 2019 2018 (in millions) Balance at beginning of period $ 925 $ 932 Current year additions 184 204 Claims paid (180 ) (201 ) Currency translation adjustment and other (14 ) 24 Balance at March 31 $ 915 $ 959

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Gross Impact of Changes in Fair Value of Derivatives Designated as Cash Flow Hedges on AOCI and Net Income	The following table summarizes the gross impact of changes in the fair value of derivatives designated as cash flow hedges had on accumulated other comprehensive income and net income during the three months ended March 31, 2019 and 2018 (in millions): Recognized in Net Income For the Three Months Ended March 31, Gain (Loss) Recognized in Accumulated Other Comprehensive Income Classification of Gain (Loss) Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income 2019 Foreign exchange contracts $ (23 ) Net sales $ (5 ) Foreign exchange contracts (28 ) Cost of goods sold (11 ) Foreign exchange contracts (11 ) Other, Net (11 ) Interest rate contracts (9 ) Interest expense (1 ) Total $ (71 ) $ (28 ) 2018 Foreign currency contracts $ 2 Net sales $ — Foreign currency contracts 18 Cost of goods sold 12 Foreign currency contracts 8 Other, Net 5 Interest rate contracts 3 Interest expense (1 ) Total $ 31 $ 16 Significant amounts reclassified out of each component of accumulated other comprehensive income (loss) in the three months ended March 31, 2019 and 2018 consisted of the following: Amounts Reclassified from Other Consolidated Statement of Operations Line Three Months Ended March 31, 2019 2018 (in millions) Cash flow hedges $ 5 $ — Net sales 11 (12 ) Cost of goods sold 11 (5 ) Other, net 1 1 Interest expense (4 ) — Income taxes $ 24 $ (16 ) Change in retirement plans’ funded status: Amortization of actuarial losses $ 17 $ 21 * Amortization of prior service cost (30 ) (1 ) * 82 5 Income taxes $ 69 $ 25 Total reclassifications, net of tax $ 93 $ 9 (*) These amounts are included in net periodic pension and other postretirement benefit cost. See “Note 6: Employee Benefit Plans and Postretirement Benefits” for additional information.
Summary of Impact of Changes in Fair Value of Fair Value Hedges and Derivatives Not Designated as Hedging Instruments on Earnings	The following table summarizes the impact that changes in the fair value of fair value hedges and derivatives not designated as hedging instruments had on earnings (in millions): For the three months ended Classification of Gain March 31, 2019 March 31, 2018 Fair Value Hedges Interest rate derivatives Interest expense $ 11 $ (7 ) Not Designated as Hedges Foreign exchange contracts Other, Net $ (24 ) $ 20 The following table summarizes the activity in accumulated other comprehensive income related to the derivatives held by the Company during the three months ended March 31, 2019 and 2018: In Millions Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2018 $ (23 ) $ 1 $ (22 ) Net changes in fair value of derivatives (71 ) 20 (51 ) Net losses reclassified from accumulated other comprehensive income into income 28 (4 ) 24 Accumulated derivative net losses as of March 31, 2019 $ (66 ) $ 17 $ (49 )
Summary of Fair Value of Derivatives	The fair values of CNH Industrial’s derivatives as of March 31, 2019 and December 31, 2018 in the condensed consolidated balance sheets are recorded as follows: Derivative Assets Derivative Assets March 31, 2019 December 31, 2018 in millions of dollars Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments Interest rate contracts Derivative assets $ 33 Derivative assets $ 21 Foreign currency contracts Derivative assets 37 Derivative assets 52 Total derivatives designated as hedging instruments $ 70 $ 73 Derivatives not designated as hedging instruments Interest rate contracts Derivative assets $ — Derivative assets $ 1 Foreign currency contracts Derivative assets 38 Derivative assets 24 Total derivatives not designated as hedging instruments $ 38 $ 25 Total derivatives $ 108 $ 98 Derivative Liabilities Derivative Liabilities March 31, 2019 December 31, 2018 in millions of dollars Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments Interest rate contracts Derivative liabilities $ 34 Derivative liabilities $ 29 Foreign currency contracts Derivative liabilities 84 Derivative liabilities 41 Total derivatives designated as hedging instruments $ 118 $ 70 Derivatives not designated as hedging instruments Interest rate contracts Derivative liabilities $ — Derivative liabilities $ — Foreign currency contracts Derivative liabilities 10 Derivative liabilities 38 Total derivatives not designated as hedging instruments $ 10 $ 38 Total derivatives $ 128 $ 108
Summary of Fair Value Hierarchy Levels	The following tables present for each of the fair-value hierarchy levels the Company’s assets and liabilities that are measured at fair value on a recurring basis at March 31, 2019 and December 31, 2018 : Level 1 Level 2 Total March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 (in millions) Assets Foreign exchange derivatives $ — $ — $ 75 $ 76 $ 75 $ 76 Interest rate derivatives — — 33 22 33 22 Investments 1 1 — — 1 1 Total Assets $ 1 $ 1 $ 108 $ 98 $ 109 $ 99 Liabilities Foreign exchange derivatives $ — $ — $ (94 ) $ (79 ) $ (94 ) $ (79 ) Interest rate derivatives — — (34 ) (29 ) (34 ) (29 ) Total Liabilities $ — $ — $ (128 ) $ (108 ) $ (128 ) $ (108 )
Summary of Estimated Fair Market Values	The estimated fair market values of financial instruments not carried at fair value in the condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018 are as follows: March 31, 2019 December 31, 2018 Carrying Fair Carrying Fair (in millions) Financing receivables $ 19,062 $ 18,879 $ 19,167 $ 19,017 Debt $ 23,807 $ 24,028 $ 24,445 $ 24,481

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Summary of Tax Effects on Components of Other Comprehensive Income (Loss)	The tax effect for each component of other comprehensive income (loss) consisted of the following (in millions): Three Months Ended March 31, 2019 Gross Income Net Unrealized gain (loss) on cash flow hedges $ (43 ) $ 16 $ (27 ) Changes in retirement plans’ funded status (10 ) 3 (7 ) Foreign currency translation 86 — 86 Share of other comprehensive (loss) of entities using the equity method (3 ) — (3 ) Other comprehensive income (loss) $ 30 $ 19 $ 49 Three Months Ended March 31, 2018 Gross Income Net Unrealized gain (loss) on cash flow hedges $ 14 $ (3 ) $ 11 Changes in retirement plans’ funded status 14 (4 ) 10 Foreign currency translation (289 ) — (289 ) Share of other comprehensive income of entities using the equity method 15 — 15 Other comprehensive income (loss) $ (246 ) $ (7 ) $ (253 )
Summary of Changes in Other Comprehensive Income (Loss)	The changes, net of tax, in each component of accumulated other comprehensive income (loss) consisted of the following (in millions): Unrealized Change in Foreign Currency Share of Other Total Balance, January 1, 2018 $ 1 $ (950 ) $ (899 ) $ (118 ) $ (1,966 ) Other comprehensive income (loss), before reclassifications 27 (15 ) (289 ) 14 (263 ) Amounts reclassified from other comprehensive (16 ) 25 — — 9 Other comprehensive income (loss) * 11 10 (289 ) 14 (254 ) Balance, March 31, 2018 $ 12 $ (940 ) $ (1,188 ) $ (104 ) $ (2,220 ) Balance, January 1, 2019 $ (22 ) $ (473 ) $ (1,216 ) $ (148 ) $ (1,859 ) Other comprehensive income (loss), before reclassifications (51 ) (76 ) 86 (5 ) (46 ) Amounts reclassified from other comprehensive 24 69 — — 93 Other comprehensive income (loss) * (27 ) (7 ) 86 (5 ) 47 Reclassification of certain tax effects — (65 ) — — (65 ) Balance, March 31, 2019 $ (49 ) $ (545 ) $ (1,130 ) $ (153 ) $ (1,877 ) (*) Excluded from the table above is other comprehensive income (loss) allocated to noncontrolling interests of $2 million and $1 million for the three months ended March 31, 2019 and 2018 , respectively.
Summary of Reclassification of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the gross impact of changes in the fair value of derivatives designated as cash flow hedges had on accumulated other comprehensive income and net income during the three months ended March 31, 2019 and 2018 (in millions): Recognized in Net Income For the Three Months Ended March 31, Gain (Loss) Recognized in Accumulated Other Comprehensive Income Classification of Gain (Loss) Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income 2019 Foreign exchange contracts $ (23 ) Net sales $ (5 ) Foreign exchange contracts (28 ) Cost of goods sold (11 ) Foreign exchange contracts (11 ) Other, Net (11 ) Interest rate contracts (9 ) Interest expense (1 ) Total $ (71 ) $ (28 ) 2018 Foreign currency contracts $ 2 Net sales $ — Foreign currency contracts 18 Cost of goods sold 12 Foreign currency contracts 8 Other, Net 5 Interest rate contracts 3 Interest expense (1 ) Total $ 31 $ 16 Significant amounts reclassified out of each component of accumulated other comprehensive income (loss) in the three months ended March 31, 2019 and 2018 consisted of the following: Amounts Reclassified from Other Consolidated Statement of Operations Line Three Months Ended March 31, 2019 2018 (in millions) Cash flow hedges $ 5 $ — Net sales 11 (12 ) Cost of goods sold 11 (5 ) Other, net 1 1 Interest expense (4 ) — Income taxes $ 24 $ (16 ) Change in retirement plans’ funded status: Amortization of actuarial losses $ 17 $ 21 * Amortization of prior service cost (30 ) (1 ) * 82 5 Income taxes $ 69 $ 25 Total reclassifications, net of tax $ 93 $ 9 (*) These amounts are included in net periodic pension and other postretirement benefit cost. See “Note 6: Employee Benefit Plans and Postretirement Benefits” for additional information.

RELATED PARTY INFORMATION (Tabl

RELATED PARTY INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Summary of Related Party Transactions	These transactions with FCA are reflected in the Company’s condensed consolidated financial statements as follows: Three Months Ended March 31, 2019 2018 (in millions) Net sales $ 160 $ 199 Cost of goods sold $ 113 $ 136 Selling, general and administrative expenses $ 33 $ 38 March 31, 2019 December 31, 2018 (in millions) Trade receivables $ 9 $ 10 Trade payables $ 110 $ 118 Three Months Ended March 31, 2019 2018 (in millions) Net sales $ 251 $ 319 Cost of goods sold $ 106 $ 95 March 31, 2019 December 31, 2018 (in millions) Trade receivables $ 158 $ 107 Trade payables $ 106 $ 103

SUPPLEMENTAL INFORMATION (Table

SUPPLEMENTAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2019
Supplemental Information [Abstract]
Summary of Supplemental Information, Income Statement	Statement of Operations Industrial Activities Financial Services Three Months Ended March 31, Three Months Ended March 31, 2019 2018 2019 2018 (in millions) Revenues Net sales $ 6,006 $ 6,300 $ — $ — Finance, interest and other income 30 27 474 502 Total Revenues $ 6,036 $ 6,327 $ 474 $ 502 Costs and Expenses Cost of goods sold $ 4,966 $ 5,256 $ — $ — Selling, general and administrative expenses 493 527 46 63 Research and development expenses 244 227 — — Restructuring expenses 8 3 — — Interest expense 83 120 153 136 Other, net 16 80 152 171 Total Costs and Expenses $ 5,810 $ 6,213 $ 351 $ 370 Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates 226 114 123 132 Income tax (expense) benefit (54 ) (23 ) (36 ) (40 ) Equity in income of unconsolidated subsidiaries and affiliates (3 ) 8 8 11 Results from intersegment investments 95 103 — — Net income $ 264 $ 202 $ 95 $ 103 Balance Sheets Industrial Activities Financial Services March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 (in millions) ASSETS Cash and cash equivalents $ 3,226 $ 4,553 $ 447 $ 478 Restricted cash 49 — 737 772 Trade receivables 463 398 36 34 Financing receivables 1,710 1,253 20,224 20,252 Inventories, net 7,497 6,510 257 216 Property, plant and equipment, net 5,606 5,899 2 2 Investments in unconsolidated subsidiaries and affiliates 3,221 3,126 222 219 Equipment under operating leases 28 34 1,755 1,740 Goodwill 2,302 2,301 153 152 Other intangible assets, net 758 774 16 14 Deferred tax assets 557 635 167 175 Derivative assets 80 81 36 24 Other assets 2,194 1,707 263 323 Total Assets $ 27,691 $ 27,271 $ 24,315 $ 24,401 LIABILITIES AND EQUITY Debt $ 6,452 $ 6,347 $ 20,227 $ 20,436 Trade payables 5,876 5,771 132 173 Deferred tax liabilities 12 83 263 250 Pension, postretirement and other postemployment benefits 1,442 1,470 18 18 Derivative liabilities 103 89 33 26 Other liabilities 8,385 8,413 726 681 Total Liabilities $ 22,270 $ 22,173 $ 21,399 $ 21,584 Equity 5,391 5,068 2,916 2,817 Redeemable noncontrolling interest 30 30 — — Total Liabilities and Equity $ 27,691 $ 27,271 $ 24,315 $ 24,401
Summary of Supplemental Information, Balance Sheet	Balance Sheets Industrial Activities Financial Services March 31, 2019 December 31, 2018 March 31, 2019 December 31, 2018 (in millions) ASSETS Cash and cash equivalents $ 3,226 $ 4,553 $ 447 $ 478 Restricted cash 49 — 737 772 Trade receivables 463 398 36 34 Financing receivables 1,710 1,253 20,224 20,252 Inventories, net 7,497 6,510 257 216 Property, plant and equipment, net 5,606 5,899 2 2 Investments in unconsolidated subsidiaries and affiliates 3,221 3,126 222 219 Equipment under operating leases 28 34 1,755 1,740 Goodwill 2,302 2,301 153 152 Other intangible assets, net 758 774 16 14 Deferred tax assets 557 635 167 175 Derivative assets 80 81 36 24 Other assets 2,194 1,707 263 323 Total Assets $ 27,691 $ 27,271 $ 24,315 $ 24,401 LIABILITIES AND EQUITY Debt $ 6,452 $ 6,347 $ 20,227 $ 20,436 Trade payables 5,876 5,771 132 173 Deferred tax liabilities 12 83 263 250 Pension, postretirement and other postemployment benefits 1,442 1,470 18 18 Derivative liabilities 103 89 33 26 Other liabilities 8,385 8,413 726 681 Total Liabilities $ 22,270 $ 22,173 $ 21,399 $ 21,584 Equity 5,391 5,068 2,916 2,817 Redeemable noncontrolling interest 30 30 — — Total Liabilities and Equity $ 27,691 $ 27,271 $ 24,315 $ 24,401
Summary of Supplemental Information, Cash Flows	Statements of Cash Flows Industrial Activities Financial Services Three Months Ended March 31, Three Months Ended March 31, 2019 2018 2019 2018 (in millions) Operating activities: Net income $ 264 $ 202 $ 95 $ 103 Adjustments to reconcile net income (loss) to net cash Depreciation and amortization expense, net of 168 184 1 1 Depreciation and amortization expense of 79 102 65 66 Loss on disposal of assets — — — — Loss on repurchase/early redemption of notes — — — — Undistributed loss of unconsolidated subsidiaries (84 ) (30 ) (8 ) (11 ) Other non-cash items 28 30 5 20 Changes in operating assets and liabilities: Provisions (96 ) (119 ) (10 ) (7 ) Deferred income taxes 10 (7 ) 22 (17 ) Trade and financing receivables related to (65 ) (41 ) (229 ) 234 Inventories, net (950 ) (848 ) 71 93 Trade payables 171 167 (41 ) (28 ) Other assets and liabilities (339 ) (194 ) 99 78 Net cash provided by (used in) operating activities $ (814 ) $ (554 ) $ 70 $ 532 Investing activities: Additions to retail receivables — — (947 ) (959 ) Collections of retail receivables — — 1,225 1,089 Proceeds from sale of assets, net of assets sold — 1 — — Expenditures for property, plant and equipment (77 ) (61 ) (2 ) (1 ) Expenditures for assets under operating leases and (100 ) (196 ) (185 ) (109 ) Other (370 ) 109 398 (156 ) Net cash provided by (used in) investing activities $ (547 ) $ (147 ) $ 489 $ (136 ) Financing activities: Proceeds from long-term debt 683 1 3,127 3,038 Payments of long-term debt (630 ) (1,081 ) (3,371 ) (3,317 ) Net increase in other financial liabilities 73 23 (394 ) (92 ) Dividends paid (1 ) (1 ) (7 ) (52 ) Other — (90 ) 20 — Net cash provided by (used in) financing activities $ 125 $ (1,148 ) $ (625 ) $ (423 ) Effect of foreign exchange rate changes on cash and (42 ) 68 — (4 ) Decrease in cash and cash equivalents and restricted cash (1,278 ) (1,781 ) (66 ) (31 ) Cash and cash equivalents and restricted cash, beginning of year 4,553 4,901 1,250 1,299 Cash and cash equivalents and restricted cash, end of period $ 3,275 $ 3,120 $ 1,184 $ 1,268

NEW ACCOUNTING PRONOUNCEMENTS -

NEW ACCOUNTING PRONOUNCEMENTS - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets	$ 454
Operating lease liabilities	$ 453
Accounting Standards Update 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 480
Operating lease liabilities		480
Retained Earnings | Accounting Standards Update 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of certain tax effects		65
Accumulated Other Comprehensive Income (Loss) | Accounting Standards Update 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reclassification of certain tax effects		$ (65)

REVENUE - Summary of Net Revenu

REVENUE - Summary of Net Revenues (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 6,006	$ 6,300
Total Revenues	6,457	6,773
Eliminations and other
Disaggregation of Revenue [Line Items]
Total Revenues	(23)	(29)
Industrial activities
Disaggregation of Revenue [Line Items]
Net sales	6,006	6,300
Total Revenues	6,036	6,327
Industrial activities | Operating segments
Disaggregation of Revenue [Line Items]
Total Revenues	6,006	6,300
Industrial activities | Operating segments | Agriculture
Disaggregation of Revenue [Line Items]
Net sales	2,490	2,579
Total Revenues	2,490	2,579
Industrial activities | Operating segments | Construction
Disaggregation of Revenue [Line Items]
Net sales	640	682
Total Revenues	640	682
Industrial activities | Operating segments | Commercial and Specialty Vehicles
Disaggregation of Revenue [Line Items]
Net sales	2,414	2,495
Total Revenues	2,414	2,495
Industrial activities | Operating segments | Powertrain
Disaggregation of Revenue [Line Items]
Net sales	1,036	1,186
Total Revenues	1,036	1,186
Industrial activities | Eliminations and other
Disaggregation of Revenue [Line Items]
Net sales	(574)	(642)
Total Revenues	(574)	(642)
Financial services
Disaggregation of Revenue [Line Items]
Net sales	0	0
Total Revenues	474	502
Financial services | Operating segments
Disaggregation of Revenue [Line Items]
Total Revenues	474	502
Financial services | Eliminations and other
Disaggregation of Revenue [Line Items]
Total Revenues	$ (23)	$ (29)

REVENUE - Disaggregation of Net

REVENUE - Disaggregation of Net Revenues by Major Source (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 6,006	$ 6,300
Finance and interest income	288	294
Rents and other income on operating lease	163	179
Finance, interest and other income	451	473
Total Revenues	6,457	6,773
Sales of goods
Disaggregation of Revenue [Line Items]
Net sales	5,757	6,065
Rendering of services
Disaggregation of Revenue [Line Items]
Net sales	145	109
Rents on assets sold with a buy-back commitment
Disaggregation of Revenue [Line Items]
Net sales	$ 104	$ 126

REVENUE - Additional Informatio

REVENUE - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 1,290		$ 1,368
Revenues relating to contract liabilities outstanding	163	$ 154
Transaction price allocated to remaining performance obligations	$ 1,900

REVENUE - Performance Obligatio

REVENUE - Performance Obligation (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-04-01	Mar. 31, 2019
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of revenue recognized on remaining performance obligation	40.00%
Revenue over the remaining lives of the contracts	12 months
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of revenue recognized on remaining performance obligation	84.00%
Revenue over the remaining lives of the contracts	36 months

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Variable Interest Entity [Line Items]
Restricted cash	$ 786	$ 772
Financing receivables, net	19,062	19,167	$ 19,488
Total Assets	45,927	46,100
Debt	23,807	24,445
Total Liabilities	40,506	41,002
Variable interest entities
Variable Interest Entity [Line Items]
Restricted cash	699	732
Financing receivables, net	8,892	9,732
Total Assets	9,591	10,464
Debt	8,778	9,692
Total Liabilities	$ 8,778	$ 9,692

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Basic:
Net income attributable to CNH Industrial	$ 257	$ 196
Weighted average common shares outstanding—basic (in shares)	1,354,000,000	1,363,000,000
Basic earnings per share (in usd per share)	$ 0.19	$ 0.14
Diluted:
Net income attributable to CNH Industrial	$ 257	$ 196
Weighted average common shares outstanding—basic (in shares)	1,354,000,000	1,363,000,000
Effect of dilutive securities (when dilutive):
Stock compensation plans (in shares)	2,000,000	5,000,000
Weighted average common shares outstanding—diluted (in shares)	1,356,000,000	1,368,000,000
Diluted earnings per share (in usd per share)	$ 0.19	$ 0.14
Antidilutive securities excluded from EPS computation (in shares)	0	0

EMPLOYEE BENEFIT PLANS AND PO_3

EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS - Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Pension
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 6	$ 6
Interest cost	19	18
Expected return on assets	(25)	(28)
Amortization of:
Prior service credit	0	0
Actuarial loss	17	19
Net periodic benefit cost	17	15
Healthcare
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	1	2
Interest cost	4	9
Expected return on assets	(2)	(2)
Amortization of:
Prior service credit	(30)	(1)
Actuarial loss	0	2
Net periodic benefit cost	(27)	10
Other
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	3	4
Interest cost	1	1
Expected return on assets	0	0
Amortization of:
Prior service credit	0	0
Actuarial loss	0	0
Net periodic benefit cost	$ 4	$ 5

EMPLOYEE BENEFIT PLANS AND PO_4

EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Postemployment Benefits [Abstract]
Reduction of plan liability	$ 527
Amortization period of retirement benefits payable	4 years 6 months
Benefits modification amortization	$ 30	$ 0

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Income Tax Examination [Line Items]
Effective tax rate	25.80%	25.60%
Deferred tax assets	$ 567		$ 591
ITALY
Income Tax Examination [Line Items]
Deferred tax assets			$ 700

SEGMENT INFORMATION - Additiona

SEGMENT INFORMATION - Additional Information (Details)	3 Months Ended
	Mar. 31, 2019segment
Segment Reporting [Abstract]
Number of segments (in segments)	5

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation from Net Income Under US GAAP To Adjusted EBIT and Adjusted EBITDA (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Segment Reporting Information [Line Items]
Revenues	$ 6,457	$ 6,773
Net income	264	202
Add back:
Income tax expense	90	63
Interest expense of Industrial Activities, net of interest income and eliminations	53	93
Foreign exchange losses, net	9	25
Finance and non-service component of Pension and OPEB costs	(15)	18
Adjustments:
Restructuring expenses	8	3
Adjusted EBIT	409	404
Depreciation and amortization	169	185
Depreciation of assets on operating lease and assets sold with buy-back commitment	144	168
Adjusted EBITDA	722	757
Benefits modification amortization	$ 30	0
Amortization period of retirement benefits payable	4 years 6 months
Reduction of plan liability	$ 527
Eliminations and other
Segment Reporting Information [Line Items]
Revenues	(23)	(29)
Net income	0	0
Add back:
Income tax expense	0	0
Interest expense of Industrial Activities, net of interest income and eliminations	0	0
Foreign exchange losses, net	0	0
Finance and non-service component of Pension and OPEB costs	0	0
Adjustments:
Restructuring expenses	0	0
Adjusted EBIT	0	0
Depreciation and amortization	0	0
Depreciation of assets on operating lease and assets sold with buy-back commitment	0	0
Adjusted EBITDA	0	0
Industrial activities
Segment Reporting Information [Line Items]
Revenues	6,036	6,327
Net income	264	202
Add back:
Income tax expense	54	23
Adjustments:
Restructuring expenses	8	3
Industrial activities | Operating segments
Segment Reporting Information [Line Items]
Revenues	6,006	6,300
Net income	169	99
Add back:
Income tax expense	54	23
Interest expense of Industrial Activities, net of interest income and eliminations	53	93
Foreign exchange losses, net	9	25
Finance and non-service component of Pension and OPEB costs	(15)	18
Adjustments:
Restructuring expenses	8	3
Adjusted EBIT	278	261
Depreciation and amortization	168	184
Depreciation of assets on operating lease and assets sold with buy-back commitment	79	102
Adjusted EBITDA	525	547
Industrial activities | Eliminations and other
Segment Reporting Information [Line Items]
Revenues	(574)	(642)
Adjustments:
Restructuring expenses	0	0
Adjusted EBIT	(50)	(69)
Depreciation and amortization	0	0
Depreciation of assets on operating lease and assets sold with buy-back commitment	0	0
Adjusted EBITDA	(50)	(69)
Industrial activities | Agriculture | Operating segments
Segment Reporting Information [Line Items]
Revenues	2,490	2,579
Adjustments:
Restructuring expenses	3	0
Adjusted EBIT	168	186
Depreciation and amortization	75	79
Depreciation of assets on operating lease and assets sold with buy-back commitment	0	0
Adjusted EBITDA	243	265
Industrial activities | Construction | Operating segments
Segment Reporting Information [Line Items]
Revenues	640	682
Adjustments:
Restructuring expenses	0	0
Adjusted EBIT	13	0
Depreciation and amortization	14	16
Depreciation of assets on operating lease and assets sold with buy-back commitment	0	0
Adjusted EBITDA	27	16
Industrial activities | Commercial and Specialty Vehicles | Operating segments
Segment Reporting Information [Line Items]
Revenues	2,414	2,495
Adjustments:
Restructuring expenses	5	3
Adjusted EBIT	51	49
Depreciation and amortization	47	55
Depreciation of assets on operating lease and assets sold with buy-back commitment	79	102
Adjusted EBITDA	177	206
Industrial activities | Powertrain | Operating segments
Segment Reporting Information [Line Items]
Revenues	1,036	1,186
Adjustments:
Restructuring expenses	0	0
Adjusted EBIT	96	95
Depreciation and amortization	32	34
Depreciation of assets on operating lease and assets sold with buy-back commitment	0	0
Adjusted EBITDA	128	129
Financial services
Segment Reporting Information [Line Items]
Revenues	474	502
Net income	95	103
Add back:
Income tax expense	36	40
Interest expense of Industrial Activities, net of interest income and eliminations	0	0
Foreign exchange losses, net	0	0
Finance and non-service component of Pension and OPEB costs	0	0
Adjustments:
Restructuring expenses	0	0
Adjusted EBIT	131	143
Depreciation and amortization	1	1
Depreciation of assets on operating lease and assets sold with buy-back commitment	65	66
Adjusted EBITDA	197	210
Financial services | Operating segments
Segment Reporting Information [Line Items]
Revenues	474	502
Financial services | Eliminations and other
Segment Reporting Information [Line Items]
Revenues	$ (23)	$ (29)

RECEIVABLES - Summary of Financ

RECEIVABLES - Summary of Financing Receivables (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	$ 19,062	$ 19,167	$ 19,488
Retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	9,083	9,350	9,499
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	9,908	9,749	9,883
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	$ 71	$ 68	$ 106

RECEIVABLES - Additional Inform

RECEIVABLES - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)contract	Mar. 31, 2018USD ($)contract
Accounts, Notes, Loans and Financing Receivable [Line Items]
Contractual payments period	30 days
Receivables delinquency period	120 days
Number of accounts receivable undergoing bankruptcy proceedings (in contracts) | contract	365	393
Amount of accounts receivable undergoing bankruptcy proceedings	$ 17	$ 21
North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance lease, contracts (in contracts) | contract	264	279
Pre-modification value of retail and finance lease receivable contracts	$ 9	$ 9
Post-modification value of retail and finance lease receivable contracts	$ 8	$ 8

RECEIVABLES - Summary of Aging

RECEIVABLES - Summary of Aging of Receivables (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$ 19,062	$ 19,167	$ 19,488
Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	73	67
Current	8,927	9,148
Total	9,083	9,350	9,499
Retail | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	9,000	9,215
Retail | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	83	135
Retail | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	32	26
Current	6,167	6,285
Total	6,210	6,323
Retail | North America | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	6,199	6,311
Retail | North America | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	11	12
Retail | Europe
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	12	11
Current	119	164
Total	181	215
Retail | Europe | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	131	175
Retail | Europe | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	50	40
Retail | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	25	27
Current	1,870	1,885
Total	1,917	1,995
Retail | South America | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	1,895	1,912
Retail | South America | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	22	83
Retail | Rest of World
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	4	3
Current	771	814
Total	775	817
Retail | Rest of World | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	775	817
Retail | Rest of World | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Retail | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	44	35
Retail | 31-60 Days Past Due | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	26	21
Retail | 31-60 Days Past Due | Europe
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	1
Retail | 31-60 Days Past Due | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	14	11
Retail | 31-60 Days Past Due | Rest of World
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	2
Retail | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	12	15
Retail | 61-90 Days Past Due | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6	5
Retail | 61-90 Days Past Due | Europe
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Retail | 61-90 Days Past Due | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	5	9
Retail | 61-90 Days Past Due | Rest of World
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1	1
Retail | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	17	17
Retail | Greater Than 90 Days | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Retail | Greater Than 90 Days | Europe
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10	10
Retail | Greater Than 90 Days | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6	7
Retail | Greater Than 90 Days | Rest of World
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1	0
Wholesale
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	107	39
Current	9,745	9,692
Total	9,908	9,749	$ 9,883
Wholesale | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	9,852	9,731
Wholesale | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	56	18
Wholesale | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Current	3,731	3,613
Total	3,732	3,631
Wholesale | North America | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	3,731	3,613
Wholesale | North America | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	1	18
Wholesale | Europe
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	78	29
Current	4,626	4,727
Total	4,704	4,756
Wholesale | Europe | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	4,704	4,756
Wholesale | Europe | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Wholesale | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9	0
Current	687	656
Total	751	656
Wholesale | South America | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	696	656
Wholesale | South America | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	55	0
Wholesale | Rest of World
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	20	10
Current	701	696
Total	721	706
Wholesale | Rest of World | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	721	706
Wholesale | Rest of World | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Wholesale | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	66	27
Wholesale | 31-60 Days Past Due | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Wholesale | 31-60 Days Past Due | Europe
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	50	20
Wholesale | 31-60 Days Past Due | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	6	0
Wholesale | 31-60 Days Past Due | Rest of World
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	10	7
Wholesale | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	27	12
Wholesale | 61-90 Days Past Due | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Wholesale | 61-90 Days Past Due | Europe
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	16	9
Wholesale | 61-90 Days Past Due | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	2	0
Wholesale | 61-90 Days Past Due | Rest of World
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	9	3
Wholesale | Greater Than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	14	0
Wholesale | Greater Than 90 Days | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	0	0
Wholesale | Greater Than 90 Days | Europe
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	12	0
Wholesale | Greater Than 90 Days | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	1	0
Wholesale | Greater Than 90 Days | Rest of World
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 1	$ 0

RECEIVABLES - Allowance for Cre

RECEIVABLES - Allowance for Credit Losses Activity (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Opening balance	$ 490	$ 583	$ 583
Provision (benefit)	5	19	48
Charge-offs, net of recoveries	(13)	(15)	(100)
Foreign currency translation and other	(8)	9	(41)
Ending balance	474	596	490
Ending Balance: Individually Evaluated for Impairment	326	428	339
Ending Balance: Collectively Evaluated for Impairment	148	168	151
Ending Balance	19,062	19,488	19,167
Ending Balance: Individually Evaluated for Impairment	665	814	673
Ending Balance: Collectively Evaluated for Impairment	18,397	18,674	18,494
Retail
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Opening balance	326	383	383
Provision (benefit)	8	20	53
Charge-offs, net of recoveries	(11)	(14)	(85)
Foreign currency translation and other	(6)	5	(25)
Ending balance	317	394	326
Ending Balance: Individually Evaluated for Impairment	199	258	204
Ending Balance: Collectively Evaluated for Impairment	118	136	122
Ending Balance	9,083	9,499	9,350
Ending Balance: Individually Evaluated for Impairment	350	379	359
Ending Balance: Collectively Evaluated for Impairment	8,733	9,120	8,991
Wholesale
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Opening balance	164	200	200
Provision (benefit)	(3)	(1)	(5)
Charge-offs, net of recoveries	(2)	(1)	(15)
Foreign currency translation and other	(2)	4	(16)
Ending balance	157	202	164
Ending Balance: Individually Evaluated for Impairment	127	170	135
Ending Balance: Collectively Evaluated for Impairment	30	32	29
Ending Balance	9,908	9,883	9,749
Ending Balance: Individually Evaluated for Impairment	315	435	314
Ending Balance: Collectively Evaluated for Impairment	9,593	9,448	9,435
Other
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Opening balance	0	0	0
Provision (benefit)	0	0	0
Charge-offs, net of recoveries	0	0	0
Foreign currency translation and other	0	0	0
Ending balance	0	0	0
Ending Balance: Individually Evaluated for Impairment	0	0	0
Ending Balance: Collectively Evaluated for Impairment	0	0	0
Ending Balance	71	106	68
Ending Balance: Individually Evaluated for Impairment	0	0	0
Ending Balance: Collectively Evaluated for Impairment	$ 71	$ 106	$ 68

RECEIVABLES - Investment in Imp

RECEIVABLES - Investment in Impaired Receivables (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Retail
Financing Receivable, Impaired [Line Items]
Related Allowance	$ 199	$ 204
Recorded investment, total	350	359
Unpaid principal balance, total	350	358
Average recorded investment, total	299	374
Retail | North America
Financing Receivable, Impaired [Line Items]
Recorded investment, no related allowance recorded	33
Unpaid principal balance, no related allowance recorded	33
Related Allowance	17	16
Average recorded investment, no related allowance recorded	34
Recorded investment, allowance recorded		31
Unpaid principal balance, allowance recorded		30
Average recorded investment, allowance recorded		33
Retail | Europe
Financing Receivable, Impaired [Line Items]
Recorded investment, no related allowance recorded	226
Unpaid principal balance, no related allowance recorded	226
Related Allowance	162	167
Average recorded investment, no related allowance recorded	173
Recorded investment, allowance recorded		234
Unpaid principal balance, allowance recorded		234
Average recorded investment, allowance recorded		249
Retail | South America
Financing Receivable, Impaired [Line Items]
Recorded investment, no related allowance recorded	88
Unpaid principal balance, no related allowance recorded	88
Related Allowance	19	20
Average recorded investment, no related allowance recorded	89
Recorded investment, allowance recorded		91
Unpaid principal balance, allowance recorded		91
Average recorded investment, allowance recorded		88
Retail | Rest of World
Financing Receivable, Impaired [Line Items]
Recorded investment, no related allowance recorded	3
Unpaid principal balance, no related allowance recorded	3
Related Allowance	1	1
Average recorded investment, no related allowance recorded	3
Recorded investment, allowance recorded		3
Unpaid principal balance, allowance recorded		3
Average recorded investment, allowance recorded		4
Wholesale
Financing Receivable, Impaired [Line Items]
Related Allowance	127	135
Recorded investment, total	315	314
Unpaid principal balance, total	307	303
Average recorded investment, total	302	322
Wholesale | North America
Financing Receivable, Impaired [Line Items]
Recorded investment, no related allowance recorded	5
Unpaid principal balance, no related allowance recorded	5
Related Allowance	4	5
Average recorded investment, no related allowance recorded	8
Recorded investment, allowance recorded		25
Unpaid principal balance, allowance recorded		23
Average recorded investment, allowance recorded		27
Wholesale | Europe
Financing Receivable, Impaired [Line Items]
Recorded investment, no related allowance recorded	278
Unpaid principal balance, no related allowance recorded	278
Related Allowance	101	107
Average recorded investment, no related allowance recorded	262
Recorded investment, allowance recorded		256
Unpaid principal balance, allowance recorded		256
Average recorded investment, allowance recorded		260
Wholesale | South America
Financing Receivable, Impaired [Line Items]
Recorded investment, no related allowance recorded	23
Unpaid principal balance, no related allowance recorded	15
Related Allowance	14	16
Average recorded investment, no related allowance recorded	23
Recorded investment, allowance recorded		23
Unpaid principal balance, allowance recorded		14
Average recorded investment, allowance recorded		26
Wholesale | Rest of World
Financing Receivable, Impaired [Line Items]
Recorded investment, no related allowance recorded	9
Unpaid principal balance, no related allowance recorded	9
Related Allowance	8	7
Average recorded investment, no related allowance recorded	$ 9
Recorded investment, allowance recorded		10
Unpaid principal balance, allowance recorded		10
Average recorded investment, allowance recorded		$ 9

RECEIVABLES - Carrying Amount o

RECEIVABLES - Carrying Amount of Receivables (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Restricted Receivables	$ 13,340	$ 13,423
Retail note and finance lease receivables
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Restricted Receivables	6,256	6,371
Wholesale
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Restricted Receivables	$ 7,084	$ 7,052

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Raw materials	$ 1,522	$ 1,293
Work-in-process	717	576
Finished goods	5,515	4,857
Total inventories	$ 7,754	$ 6,726

LEASES - Additional Information

LEASES - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Short-term lease expenses	$ 4
Operating lease expenses	39
Operating lease right-of-use assets	454
Operating lease liabilities	453
Leased assets obtained in exchange for operating lease obligations	18
Operating cash outflow for amounts included in the measurement of operating lease obligations	$ 40
Weighted average remaining lease term	6 years 9 months 18 days
Weighted average discount rate	3.20%
Minimum
Lessee, Lease, Description [Line Items]
Operating lease term	3 years
Maximum
Lessee, Lease, Description [Line Items]
Operating lease term	5 years

LEASES - Schedule of Future Min

LEASES - Schedule of Future Minimum Lease Payments Under Operating Leases (Details) $ in Millions	Mar. 31, 2019USD ($)
Operating Lease Liabilities, Payments Due [Abstract]
2019 (excluding the three months ended March 2019)	$ 106
2020	110
2021	75
2022	52
2023	41
2024 and thereafter	130
Total future minimum lease payments	514
Less: Interest	(61)
Operating lease liabilities	$ 453

LEASES - Schedule of Future M_2

LEASES - Schedule of Future Minimum Lease Payments to be Received (Details) $ in Millions	Mar. 31, 2019USD ($)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
2019	$ 148
2020	165
2021	100
2022	37
2023 and thereafter	17
Total undiscounted lease payments	$ 467

INVESTMENTS IN UNCONSOLIDATED_3

INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Equity method	$ 524	$ 523
Cost method	3	3
Total	$ 527	$ 526

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLES - Changes in the Carrying Amount of Goodwill (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Goodwill [Roll Forward]
Balance at beginning	$ 2,453
Foreign currency translation and other	2
Balance at ending	2,455
Agriculture
Goodwill [Roll Forward]
Balance at beginning	1,646
Foreign currency translation and other	3
Balance at ending	1,649
Construction
Goodwill [Roll Forward]
Balance at beginning	587
Foreign currency translation and other	1
Balance at ending	588
Commercial and Specialty Vehicles
Goodwill [Roll Forward]
Balance at beginning	62
Foreign currency translation and other	(2)
Balance at ending	60
Powertrain
Goodwill [Roll Forward]
Balance at beginning	5
Foreign currency translation and other	0
Balance at ending	5
Financial Services
Goodwill [Roll Forward]
Balance at beginning	153
Foreign currency translation and other	0
Balance at ending	$ 153

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLES - Other Intangible Assets and Related Accumulated Amortization (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, gross	$ 2,196	$ 2,199
Other intangible assets subject to amortization, accumulated amortization	1,695	1,684
Other intangible assets subject to amortization, net	501	515
Other intangible assets not subject to amortization	273	273
Total other intangible assets, gross	2,469	2,472
Total other intangible assets, net	774	788
Dealer networks
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, gross	319	320
Other intangible assets subject to amortization, accumulated amortization	211	207
Other intangible assets subject to amortization, net	$ 108	113
Other intangible assets subject to amortization, weighted average life	15 years
Patents, concessions and licenses and other
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, gross	$ 1,877	1,879
Other intangible assets subject to amortization, accumulated amortization	1,484	1,477
Other intangible assets subject to amortization, net	$ 393	$ 402
Patents, concessions and licenses and other | Minimum
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, weighted average life	5 years
Patents, concessions and licenses and other | Maximum
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, weighted average life	25 years

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLES - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 26	$ 28

OTHER LIABILITIES - Summary of

OTHER LIABILITIES - Summary of Other Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Repurchase price on buy-back agreements	$ 1,760	$ 1,870
Warranty and campaign programs	915	925	$ 959	$ 932
Marketing and sales incentive programs	1,247	1,329
Tax payables	653	685
Accrued expenses and deferred income	633	609
Accrued employee benefits	601	680
Lease liabilities	453
Legal reserves and other provisions	364	368
Contract reserve	261	262
Contract liabilities	1,290	1,368
Restructuring reserve	68	71
Other	792	791
Total	9,037	8,958
Future rents related to buy-back agreements	$ 706	$ 773

OTHER LIABILITIES - Summary o_2

OTHER LIABILITIES - Summary of Recorded Activity for Basic Warranty and Accruals for Campaign Programs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance at beginning of period	$ 925	$ 932
Current year additions	184	204
Claims paid	(180)	(201)
Currency translation adjustment and other	(14)	24
Balance at March 31	$ 915	$ 959

OTHER LIABILITIES - Additional

OTHER LIABILITIES - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Other Liabilities [Abstract]
Restructuring expenses	$ 8	$ 3

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)site	Dec. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Number of non-owned sites (in sites)	66
Number of national priority list (in sites)	16
Number of sites not named as PRP, with resolved liability, or deemed de minimis (in sites)	60
Incurred and claims to be resolved over extended period of time	30 years
Environmental reserves | $	$ 37	$ 38
Guarantees at carrying value | $	$ 435	$ 471

FINANCIAL INSTRUMENTS - Additio

FINANCIAL INSTRUMENTS - Additional Information (Details) - USD ($) $ in Billions	Mar. 31, 2019	Dec. 31, 2018
Foreign exchange derivatives
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Notional amount of foreign exchange derivatives	$ 7.7	$ 7.2
Interest rate derivatives
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Notional amount of foreign exchange derivatives	$ 5.5	$ 5.4

FINANCIAL INSTRUMENTS - Gross I

FINANCIAL INSTRUMENTS - Gross Impact of Changes in Fair Value of Derivatives Designated as Cash Flow Hedges on AOCI and Net Income (Details) - Cash Flow Hedging - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	$ (71)	$ 31
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(28)	16
Net sales | Foreign exchange derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	(23)	2
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(5)	0
Cost of goods sold | Foreign exchange derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	(28)	18
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(11)	12
Other, Net | Foreign exchange derivatives
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	(11)	8
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(11)	5
Interest expense | Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	(9)	3
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	$ (1)	$ (1)

FINANCIAL INSTRUMENTS - Summary

FINANCIAL INSTRUMENTS - Summary of Activity in Accumulated Other Comprehensive Income Related to Derivatives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Before-Tax Amount
Accumulated derivative net losses, beginning of period	$ (23)	$ 1
Net changes in fair value of derivatives	(71)	31
Net losses reclassified from accumulated other comprehensive income into income	28	(16)
Accumulated derivative net losses, end of period	(66)	16
Income Tax
Accumulated derivative net losses, beginning of period	1	0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, Tax	20	(4)
Reclassification from AOCI, Current Period, Tax	(4)	0
Accumulated derivative net losses, end of period	17	(4)
After-Tax Amount
Accumulated derivative net losses, beginning of period	(22)	1
Net changes in fair value of derivatives	(51)	27
Net losses reclassified from accumulated other comprehensive income into income	24	(16)
Accumulated derivative net losses, end of period	$ (49)	$ 12

FINANCIAL INSTRUMENTS - Impact

FINANCIAL INSTRUMENTS - Impact of Changes in Fair Value of Fair Value Hedges and Derivatives Not Designated as Hedging Instruments on Earnings (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest expense | Fair Value Hedges | Interest rate derivatives
Fair Value Hedges
Interest rate derivatives, fair value hedges	$ 11	$ (7)
Other, Net | Foreign exchange derivatives | Derivatives not designated as hedging instruments
Not Designated as Hedges
Foreign exchange contracts, not designated as hedges	$ (24)	$ 20

FINANCIAL INSTRUMENTS - Fair Va

FINANCIAL INSTRUMENTS - Fair Values of Derivatives (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Derivative assets	$ 108	$ 98
Derivative liabilities	128	108
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative assets	70	73
Derivative liabilities	118	70
Derivatives designated as hedging instruments | Interest rate derivatives
Derivatives, Fair Value [Line Items]
Derivative assets	33	21
Derivative liabilities	34	29
Derivatives designated as hedging instruments | Foreign currency contracts
Derivatives, Fair Value [Line Items]
Derivative assets	37	52
Derivative liabilities	84	41
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative assets	38	25
Derivative liabilities	10	38
Derivatives not designated as hedging instruments | Interest rate derivatives
Derivatives, Fair Value [Line Items]
Derivative assets	0	1
Derivative liabilities	0	0
Derivatives not designated as hedging instruments | Foreign currency contracts
Derivatives, Fair Value [Line Items]
Derivative assets	38	24
Derivative liabilities	$ 10	$ 38

FINANCIAL INSTRUMENTS - Fair _2

FINANCIAL INSTRUMENTS - Fair Value Hierarchy Levels of Assets and Liabilities Value on Recurring Basis (Details) - Fair Value, measurements, recurring - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	$ 109	$ 99
Total Liabilities	(128)	(108)
Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	1	1
Foreign exchange derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	75	76
Total Liabilities	(94)	(79)
Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	33	22
Total Liabilities	(34)	(29)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	1	1
Total Liabilities	0	0
Level 1 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	1	1
Level 1 | Foreign exchange derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	0	0
Total Liabilities	0	0
Level 1 | Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	0	0
Total Liabilities	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	108	98
Total Liabilities	(128)	(108)
Level 2 | Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	0	0
Level 2 | Foreign exchange derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	75	76
Total Liabilities	(94)	(79)
Level 2 | Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	33	22
Total Liabilities	$ (34)	$ (29)

FINANCIAL INSTRUMENTS - Estimat

FINANCIAL INSTRUMENTS - Estimated Fair Values of Instruments Not Carried at Fair Value in Balance Sheets (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivables	$ 19,062	$ 19,167
Debt	23,807	24,445
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivables	18,879	19,017
Debt	$ 24,028	$ 24,481

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Components of OCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Unrealized gain (loss) on cash flow hedges
Gross Amount	$ (43)	$ 14
Income Taxes	16	(3)
Net Amount	(27)	11
Changes in retirement plans’ funded status
Gross Amount	(10)	14
Income Taxes	3	(4)
Net Amount	(7)	10
Foreign currency translation
Gross Amount	86	(289)
Income Taxes	0	0
Net Amount	86	(289)
Share of other comprehensive (loss) of entities using the equity method
Gross Amount	(3)	15
Income Taxes	0	0
Net Amount	(3)	15
Other comprehensive income (loss)
Gross Amount	30	(246)
Income Taxes	19	(7)
Other comprehensive income (loss), net of tax	$ 49	$ (253)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Components of AOCI (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	$ 5,068	$ 4,232
Ending balance	5,391	4,094
Other comprehensive income (loss) allocated to noncontrolling interests	2	1
Unrealized Gain (Loss) on Cash Flow Hedges
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(22)	1
Other comprehensive income (loss), before reclassifications	(51)	27
Amounts reclassified from other comprehensive income	24	(16)
Other comprehensive income (loss)	(27)	11
Reclassification of certain tax effects	0
Ending balance	(49)	12
Change in Retirement Plans’ Funded Status
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(473)	(950)
Other comprehensive income (loss), before reclassifications	(76)	(15)
Amounts reclassified from other comprehensive income	69	25
Other comprehensive income (loss)	(7)	10
Reclassification of certain tax effects	(65)
Ending balance	(545)	(940)
Foreign Currency Translation
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(1,216)	(899)
Other comprehensive income (loss), before reclassifications	86	(289)
Amounts reclassified from other comprehensive income	0	0
Other comprehensive income (loss)	86	(289)
Reclassification of certain tax effects	0
Ending balance	(1,130)	(1,188)
Share of Other Comprehensive Income (Loss) of Entities Using the Equity Method
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(148)	(118)
Other comprehensive income (loss), before reclassifications	(5)	14
Amounts reclassified from other comprehensive income	0	0
Other comprehensive income (loss)	(5)	14
Reclassification of certain tax effects	0
Ending balance	(153)	(104)
Total
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(1,859)	(1,966)
Other comprehensive income (loss), before reclassifications	(46)	(263)
Amounts reclassified from other comprehensive income	93	9
Other comprehensive income (loss)	47	(254)
Reclassification of certain tax effects	(65)
Ending balance	$ (1,877)	$ (2,220)

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Reclassifications (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenues	$ 6,457	$ 6,773
Cost of goods sold	(4,966)	(5,256)
Other, net	(168)	(251)
Interest expense	(183)	(200)
Income taxes	(90)	(63)
Net income	264	202
Reclassification out of accumulated other comprehensive income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	93	9
Reclassification out of accumulated other comprehensive income | Unrealized Gain (Loss) on Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Revenues	5	0
Cost of goods sold	11	(12)
Other, net	11	(5)
Interest expense	1	1
Income taxes	(4)	0
Net income	24	(16)
Reclassification out of accumulated other comprehensive income | Change in Retirement Plans’ Funded Status
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of actuarial losses	17	21
Amortization of prior service cost	(30)	(1)
Reclassification out of accumulated other comprehensive income | Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income taxes	82	5
Net income	$ 69	$ 25

RELATED PARTY INFORMATION - Add

RELATED PARTY INFORMATION - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
EXOR N.V.
Related Party Transaction [Line Items]
Percentage of common shares outstanding held by related parties	42.10%
IVECO-OTO MELARA Societa Consortile
Related Party Transaction [Line Items]
Pledged guarantees on commitments	$ 140	$ 160
CNH Industrial Capital Europe S.A.S.
Related Party Transaction [Line Items]
Pledged guarantees on commitments	$ 261

RELATED PARTY INFORMATION - Sch

RELATED PARTY INFORMATION - Schedule of Related Party Transactions (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
FCA Group
Related Party Transaction [Line Items]
Net sales	$ 160	$ 199
Cost of goods sold	113	136
Selling, general and administrative expenses	33	38
Trade receivables	9		$ 10
Trade payables	110		118
Unconsolidated subsidiaries and affiliates
Related Party Transaction [Line Items]
Net sales	251	319
Cost of goods sold	106	$ 95
Trade receivables	158		107
Trade payables	$ 106		$ 103

SUPPLEMENTAL INFORMATION - Inco

SUPPLEMENTAL INFORMATION - Income Statement (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues
Net sales	$ 6,006	$ 6,300
Finance, interest and other income	451	473
Total Revenues	6,457	6,773
Costs and Expenses
Cost of goods sold	4,966	5,256
Selling, general and administrative expenses	539	590
Research and development expenses	244	227
Restructuring expenses	8	3
Interest expense	183	200
Other, net	168	251
Total Costs and Expenses	6,108	6,527
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates	349	246
Income tax (expense)	(90)	(63)
Equity in income of unconsolidated subsidiaries and affiliates	5	19
Net income	264	202
Industrial activities
Revenues
Net sales	6,006	6,300
Finance, interest and other income	30	27
Total Revenues	6,036	6,327
Costs and Expenses
Cost of goods sold	4,966	5,256
Selling, general and administrative expenses	493	527
Research and development expenses	244	227
Restructuring expenses	8	3
Interest expense	83	120
Other, net	16	80
Total Costs and Expenses	5,810	6,213
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates	226	114
Income tax (expense)	(54)	(23)
Equity in income of unconsolidated subsidiaries and affiliates	(3)	8
Results from intersegment investments	95	103
Net income	264	202
Financial services
Revenues
Net sales	0	0
Finance, interest and other income	474	502
Total Revenues	474	502
Costs and Expenses
Cost of goods sold	0	0
Selling, general and administrative expenses	46	63
Research and development expenses	0	0
Restructuring expenses	0	0
Interest expense	153	136
Other, net	152	171
Total Costs and Expenses	351	370
Income before income taxes and equity in income of unconsolidated subsidiaries and affiliates	123	132
Income tax (expense)	(36)	(40)
Equity in income of unconsolidated subsidiaries and affiliates	8	11
Results from intersegment investments	0	0
Net income	$ 95	$ 103

SUPPLEMENTAL INFORMATION - Bala

SUPPLEMENTAL INFORMATION - Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 3,673	$ 5,031
Restricted cash	786	772
Trade receivables, net	467	399
Financing receivables, net	19,062	19,167	$ 19,488
Inventories, net	7,754	6,726
Property, plant and equipment, net	5,608	5,901
Investments in unconsolidated subsidiaries and affiliates	527	526
Equipment under operating leases	1,783
Equipment under operating leases		1,774
Goodwill	2,455	2,453
Other intangible assets, net	774	788
Deferred tax assets	567	591
Derivative assets	108	98
Other assets	2,363	1,874
Total Assets	45,927	46,100
LIABILITIES AND EQUITY
Debt	23,807	24,445
Trade payables	5,956	5,889
Deferred tax liabilities	118	114
Pension, postretirement and other postemployment benefits	1,460	1,488
Derivative liabilities	128	108
Other liabilities	9,037	8,958
Total Liabilities	40,506	41,002
Total Equity	5,391	5,068	$ 4,094	$ 4,232
Redeemable noncontrolling interest	30	30
Total Liabilities and Equity	45,927	46,100
Industrial activities
ASSETS
Cash and cash equivalents	3,226	4,553
Restricted cash	49	0
Trade receivables, net	463	398
Financing receivables, net	1,710	1,253
Inventories, net	7,497	6,510
Property, plant and equipment, net	5,606	5,899
Investments in unconsolidated subsidiaries and affiliates	3,221	3,126
Equipment under operating leases	28
Equipment under operating leases		34
Goodwill	2,302	2,301
Other intangible assets, net	758	774
Deferred tax assets	557	635
Derivative assets	80	81
Other assets	2,194	1,707
Total Assets	27,691	27,271
LIABILITIES AND EQUITY
Debt	6,452	6,347
Trade payables	5,876	5,771
Deferred tax liabilities	12	83
Pension, postretirement and other postemployment benefits	1,442	1,470
Derivative liabilities	103	89
Other liabilities	8,385	8,413
Total Liabilities	22,270	22,173
Total Equity	5,391	5,068
Redeemable noncontrolling interest	30	30
Total Liabilities and Equity	27,691	27,271
Financial services
ASSETS
Cash and cash equivalents	447	478
Restricted cash	737	772
Trade receivables, net	36	34
Financing receivables, net	20,224	20,252
Inventories, net	257	216
Property, plant and equipment, net	2	2
Investments in unconsolidated subsidiaries and affiliates	222	219
Equipment under operating leases	1,755
Equipment under operating leases		1,740
Goodwill	153	152
Other intangible assets, net	16	14
Deferred tax assets	167	175
Derivative assets	36	24
Other assets	263	323
Total Assets	24,315	24,401
LIABILITIES AND EQUITY
Debt	20,227	20,436
Trade payables	132	173
Deferred tax liabilities	263	250
Pension, postretirement and other postemployment benefits	18	18
Derivative liabilities	33	26
Other liabilities	726	681
Total Liabilities	21,399	21,584
Total Equity	2,916	2,817
Redeemable noncontrolling interest	0	0
Total Liabilities and Equity	$ 24,315	$ 24,401

SUPPLEMENTAL INFORMATION - Cash

SUPPLEMENTAL INFORMATION - Cash Flow (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating activities:
Net income	$ 264	$ 202
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense, net of assets under operating leases and assets sold under buy-back commitments	169	185
Depreciation and amortization expense of assets under operating leases and assets sold under buy-back commitments	144	168
Undistributed income (loss) of unconsolidated subsidiaries	(4)	10
Other non-cash items	33	50
Changes in operating assets and liabilities:
Provisions	(106)	(126)
Deferred income taxes	32	(24)
Trade and financing receivables related to sales, net	(293)	185
Inventories, net	(879)	(755)
Trade payables	129	145
Other assets and liabilities	(240)	(114)
Net cash used in operating activities	(751)	(74)
Investing activities:
Additions to retail receivables	(947)	(959)
Collections of retail receivables	1,225	1,089
Proceeds from the sale of assets, net of assets under operating leases and assets sold under buy-back commitments	0	1
Expenditures for property, plant and equipment and intangible assets, net of assets under operating leases and assets sold under buy-back commitments	(79)	(62)
Expenditures for assets under operating leases and assets sold under buy-back commitments	(285)	(305)
Other	48	(47)
Net cash used in investing activities	(38)	(283)
Financing activities:
Proceeds from long-term debt	3,810	3,039
Payments of long-term debt	(4,001)	(4,398)
Net decrease in other financial liabilities	(321)	(69)
Dividends paid	(1)	(1)
Other	0	(90)
Net cash used in financing activities	(513)	(1,519)
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash	(42)	64
Decrease in cash and cash equivalents and restricted cash	(1,344)	(1,812)
Cash and cash equivalents and restricted cash, beginning of year	5,803	6,200
Cash and cash equivalents and restricted cash, end of period	4,459	4,388
Industrial activities
Operating activities:
Net income	264	202
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense, net of assets under operating leases and assets sold under buy-back commitments	168	184
Depreciation and amortization expense of assets under operating leases and assets sold under buy-back commitments	79	102
Loss on disposal of assets	0	0
Loss on repurchase/early redemption of notes	0	0
Undistributed income (loss) of unconsolidated subsidiaries	(84)	(30)
Other non-cash items	28	30
Changes in operating assets and liabilities:
Provisions	(96)	(119)
Deferred income taxes	10	(7)
Trade and financing receivables related to sales, net	(65)	(41)
Inventories, net	(950)	(848)
Trade payables	171	167
Other assets and liabilities	(339)	(194)
Net cash used in operating activities	(814)	(554)
Investing activities:
Additions to retail receivables	0	0
Collections of retail receivables	0	0
Proceeds from the sale of assets, net of assets under operating leases and assets sold under buy-back commitments	0	1
Expenditures for property, plant and equipment and intangible assets, net of assets under operating leases and assets sold under buy-back commitments	(77)	(61)
Expenditures for assets under operating leases and assets sold under buy-back commitments	(100)	(196)
Other	(370)	109
Net cash used in investing activities	(547)	(147)
Financing activities:
Proceeds from long-term debt	683	1
Payments of long-term debt	(630)	(1,081)
Net decrease in other financial liabilities	73	23
Dividends paid	(1)	(1)
Other	0	(90)
Net cash used in financing activities	125	(1,148)
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash	(42)	68
Decrease in cash and cash equivalents and restricted cash	(1,278)	(1,781)
Cash and cash equivalents and restricted cash, beginning of year	4,553	4,901
Cash and cash equivalents and restricted cash, end of period	3,275	3,120
Financial services
Operating activities:
Net income	95	103
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense, net of assets under operating leases and assets sold under buy-back commitments	1	1
Depreciation and amortization expense of assets under operating leases and assets sold under buy-back commitments	65	66
Loss on disposal of assets	0	0
Loss on repurchase/early redemption of notes	0	0
Undistributed income (loss) of unconsolidated subsidiaries	(8)	(11)
Other non-cash items	5	20
Changes in operating assets and liabilities:
Provisions	(10)	(7)
Deferred income taxes	22	(17)
Trade and financing receivables related to sales, net	(229)	234
Inventories, net	71	93
Trade payables	(41)	(28)
Other assets and liabilities	99	78
Net cash used in operating activities	70	532
Investing activities:
Additions to retail receivables	(947)	(959)
Collections of retail receivables	1,225	1,089
Proceeds from the sale of assets, net of assets under operating leases and assets sold under buy-back commitments	0	0
Expenditures for property, plant and equipment and intangible assets, net of assets under operating leases and assets sold under buy-back commitments	(2)	(1)
Expenditures for assets under operating leases and assets sold under buy-back commitments	(185)	(109)
Other	398	(156)
Net cash used in investing activities	489	(136)
Financing activities:
Proceeds from long-term debt	3,127	3,038
Payments of long-term debt	(3,371)	(3,317)
Net decrease in other financial liabilities	(394)	(92)
Dividends paid	(7)	(52)
Other	20	0
Net cash used in financing activities	(625)	(423)
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash	0	(4)
Decrease in cash and cash equivalents and restricted cash	(66)	(31)
Cash and cash equivalents and restricted cash, beginning of year	1,250	1,299
Cash and cash equivalents and restricted cash, end of period	$ 1,184	$ 1,268

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) € / shares in Units, $ / shares in Units, € in Millions, $ in Millions	Apr. 12, 2019USD ($)	Apr. 12, 2019EUR (€)€ / shares	Mar. 31, 2019$ / shares	Mar. 31, 2018$ / shares
Subsequent Event [Line Items]
Cash dividends per common share (in usd per share) | $ / shares			$ 0	$ 0
Subsequent Event
Subsequent Event [Line Items]
Cash dividends per common share (in usd per share) | € / shares		€ 0.18
Total distribution of dividends	$ 275	€ 244
Percentage of common shares authorized to be repurchased (up to)	10.00%	10.00%