CNH Industrial (CNH) 10-K 28 Feb 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2022	Jan. 31, 2023	Jun. 30, 2022
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-36085
Entity Registrant Name	CNH INDUSTRIAL N.V.
Entity Incorporation, State or Country Code	P7
Entity Address, Address Line One	25 St. James’s Street
Entity Address, City or Town	London
Entity Address, Postal Zip Code	SW1A 1HA
Entity Address, Country	GB
City Area Code	+44
Local Phone Number	2079 251964
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 11.3
Entity Common Stock, Shares Outstanding		1,344,240,971
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0001567094
Common Shares, par value €0.01
Entity Information [Line Items]
Title of 12(b) Security	Common Shares, par value €0.01
Trading Symbol	CNHI
Security Exchange Name	NYSE
4.50% Notes due 2023
Entity Information [Line Items]
Title of 12(b) Security	4.50% Notes due 2023
Trading Symbol	CNHI23
Security Exchange Name	NYSE
3.850% Notes due 2027
Entity Information [Line Items]
Title of 12(b) Security	3.850% Notes due 2027
Trading Symbol	CNHI27
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor name	Ernst & Young LLP
Auditor location	Chicago, Illinois
Auditor firm ID	42

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Net sales	$ 21,541	$ 17,802	$ 13,083
Finance, interest and other income	2,010	1,694	1,696
Total Revenues	23,551	19,496	14,779
Costs and Expenses
Cost of goods sold	16,797	14,109	11,152
Selling, general and administrative expenses	1,752	1,454	1,296
Research and development expenses	866	642	493
Restructuring expenses	31	35	22
Interest expense	734	549	660
Goodwill impairment charge	0	0	585
Other, net	689	768	750
Total Costs and Expenses	20,869	17,557	14,958
Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates	2,682	1,939	(179)
Income tax expense	(747)	(229)	(85)
Equity in income of unconsolidated subsidiaries and affiliates	104	91	66
Net income (loss) from continuing operations	2,039	1,801	(198)
Net income (loss) from discontinued operations	0	(41)	(240)
Net income (loss)	2,039	1,760	(438)
Net income attributable to noncontrolling interests	10	37	55
Net income (loss) attributable to CNH Industrial N.V.	$ 2,029	$ 1,723	$ (493)
Basic earnings (loss) per share attributable to common shareholders
Continuing operations (in dollars per share)	$ 1.50	$ 1.32	$ (0.15)
Discontinuing operations (in dollars per share)	0	(0.05)	(0.21)
Basic (in dollars per share)	1.50	1.27	(0.36)
Diluted earnings (loss) per share attributable to common shareholders
Continuing operations (in dollars per share)	1.49	1.32	(0.15)
Discontinuing operations (in dollars per share)	0	(0.05)	(0.21)
Diluted (in dollars per share)	$ 1.49	$ 1.27	$ (0.36)
Weighted average common shares outstanding—basic (in shares)	1,351	1,354	1,351
Weighted average common shares outstanding—diluted (in shares)	1,362	1,361	1,351
Cash dividends declared per common share (in dollars per share)	$ 0.302	$ 0.132	$ 0

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 2,039	$ 1,760	$ (438)
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on cash flow hedges	44	(11)	48
Changes in retirement plans’ funded status	41	94	(3)
Foreign currency translation	158	247	(735)
Share of other comprehensive income (loss) of entities using the equity method	(25)	(93)	20
Other comprehensive income (loss), net of tax	218	237	(670)
Comprehensive income (loss)	2,257	1,997	(1,108)
Less: Comprehensive income attributable to noncontrolling interests	9	43	59
Comprehensive income (loss) attributable to CNH Industrial N.V.	$ 2,248	$ 1,954	$ (1,167)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 4,376	$ 5,044
Restricted cash	753	801
Trade receivables, net	172	192
Financing receivables, net	19,260	15,376
Receivables from Iveco Group N.V	298	0
Inventories, net	4,811	4,216
Property, plant and equipment, net	1,532	1,475
Investments in unconsolidated subsidiaries and affiliates	385	333
Equipment under operating leases	1,502	1,738
Goodwill	3,322	3,210
Other intangible assets, net	1,129	1,207
Deferred tax assets	433	421
Derivative assets	189	182
Other assets	1,219	1,675
Assets held for distribution	0	13,546
Total Assets	39,381	49,416
LIABILITIES AND EQUITY
Debt	22,962	20,897
Payables to Iveco Group N.V	156	502
Trade payables	3,702	3,530
Deferred tax liabilities	85	125
Pension, postretirement and other postemployment benefits	449	673
Derivative liabilities	204	181
Other liabilities	4,847	4,763
Liabilities held for distribution	0	11,892
Total Liabilities	32,405	42,563
Redeemable noncontrolling interest	49	45
Common shares, €0.01, par value; outstanding 1,344,240,971 common shares and 371,072,953 loyalty program special voting shares in 2022; and outstanding 1,356,077,000 common shares and 371,218,250 loyalty program special voting shares in 2021	25	25
Treasury stock, at cost - 20,159,225 shares in 2022 and 8,323,196 shares in 2021	(230)	(84)
Additional paid in capital	1,504	4,464
Retained earnings	7,906	4,818
Accumulated other comprehensive loss	(2,278)	(2,445)
Noncontrolling interests	0	30
Total Equity	6,927	6,808
Total Liabilities and Equity	39,381	49,416
Variable Interest Entity, Primary Beneficiary
ASSETS
Restricted cash	595	736
Financing receivables, net	8,808	8,838
Total Assets	9,403	9,574
LIABILITIES AND EQUITY
Debt	8,485	8,528
Total Liabilities	$ 8,485	$ 8,528

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common shares, par value (in eur per share)	$ 0.01	$ 0.01
Common shares outstanding (in shares)	1,344,240,971	1,356,077,000
Special voting shares outstanding (in shares)	371,072,953	371,218,250
Treasury stock (in shares)	20,159,225	8,323,196

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities:
Net income (loss)	$ 2,039	$ 1,760	$ (438)
Less: Net income (loss) from discontinued operations	0	(41)	(240)
Net income (loss) from continuing operations	2,039	1,801	(198)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense, net of assets under operating lease and assets sold under buy-back commitments	327	295	298
Depreciation and amortization expense of assets under operating lease and assets sold under buy-back commitments	208	242	240
(Gain) loss from disposal of assets	(42)	0	6
Loss on repurchase of notes	0	8	0
Undistributed income (loss) of unconsolidated subsidiaries	(69)	(29)	(36)
Goodwill impairment charge	0	0	585
Other non-cash items	196	126	498
Changes in operating assets and liabilities:
Provisions	189	93	(131)
Deferred income taxes	(50)	(273)	(72)
Trade and financing receivables related to sales, net	(2,447)	191	1,011
Inventories, net	(151)	(555)	1,224
Trade payables	125	738	314
Other assets and liabilities	232	561	449
Cash flow from operating activities of discontinued operation	0	884	1,341
Net cash provided by operating activities	557	4,082	5,529
Investing activities:
Additions to retail receivables	(5,971)	(5,328)	(4,459)
Collections of retail receivables	4,360	4,338	3,964
Proceeds from the sale of assets, net of assets under operating leases and assets sold under buy-back commitments	97	11	0
Expenditures for property, plant and equipment and intangible assets, net of assets under operating lease and assets sold under buy-back commitments	(461)	(365)	(232)
Expenditures for assets under operating leases and assets sold under buy-back commitments	(538)	(556)	(614)
Other	(496)	(2,670)	(614)
Cash flow from investing activities discontinued operation	0	(431)	(795)
Net cash used in investing activities	(3,009)	(5,001)	(2,750)
Financing activities:
Proceeds from long-term debt	11,183	7,988	8,888
Payments of long-term debt	(9,223)	(9,088)	(7,227)
Net increase (decrease) in other financial liabilities	580	(111)	(587)
Dividends paid	(423)	(188)	(8)
Purchase of treasury stock and other	(153)	0	0
Cash flow from financing activities of discontinued operation	0	(46)	(407)
Net cash provided by (used in) financing activities	1,964	(1,445)	659
Effect of foreign exchange rate changes on cash and cash equivalents	(228)	(403)	418
Increase (decrease) in cash and cash equivalents and restricted cash	(716)	(2,767)	3,856
Cash and cash equivalents and restricted cash, beginning of year		6,862	9,629
Cash and cash equivalents and restricted cash, end of year		6,862	9,629
Cash and cash equivalents and restricted cash, end of period (discontinued operation)	0	1,017	642
Cash and cash equivalents and restricted cash, end of period (continuing operations)	$ 5,129	$ 5,845	$ 8,987

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions	Total	Revision of Prior Period, Adjustment	Revision of Prior Period, Adjusted Balance	Adoption of ASC 326	Balance, January 1, 2020, as recast	Common Shares	Common Shares Revision of Prior Period, Adjusted Balance	Common Shares Balance, January 1, 2020, as recast	Treasury Stock	Treasury Stock Revision of Prior Period, Adjusted Balance	Treasury Stock Balance, January 1, 2020, as recast	Additional Paid-in Capital	Additional Paid-in Capital Revision of Prior Period, Adjustment	Additional Paid-in Capital Revision of Prior Period, Adjusted Balance	Additional Paid-in Capital Balance, January 1, 2020, as recast	Retained Earnings	Retained Earnings Revision of Prior Period, Adjustment	Retained Earnings Revision of Prior Period, Adjusted Balance	Retained Earnings Adoption of ASC 326	Retained Earnings Balance, January 1, 2020, as recast	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Revision of Prior Period, Adjustment	Accumulated Other Comprehensive Income (Loss) Revision of Prior Period, Adjusted Balance	Accumulated Other Comprehensive Income (Loss) Balance, January 1, 2020, as recast	Noncontrolling Interests	Noncontrolling Interests Revision of Prior Period, Adjustment	Noncontrolling Interests Revision of Prior Period, Adjusted Balance	Noncontrolling Interests Balance, January 1, 2020, as recast	Redeemable Noncontrolling Interest	Redeemable Noncontrolling Interest Revision of Prior Period, Adjusted Balance	Redeemable Noncontrolling Interest Balance, January 1, 2020, as recast
Beginning balance at Dec. 31, 2019	$ 6,121			$ (36)	$ 6,085	$ 25		$ 25	$ (154)		$ (154)	$ 4,404			$ 4,404	$ 3,808			$ (36)	$ 3,772	$ (2,002)			$ (2,002)	$ 40			$ 40
Stockholders' Equity
Net income (loss), excluding redeemable noncontrolling interests	(451)															(493)									42
Other comprehensive income (loss), net of tax	(670)																				(674)				4
Reclassification of certain tax effects																					0
Dividends paid	0																												$ (8)
Decrease in noncontrolling interest due to the change of ownership	(9)											(5)													(4)
Common shares issued from treasury stock and capital increase for share-based compensation	(2)								45			(47)
Share-based compensation expense	38											38
Other changes	(2)											(2)													0
Ending balance at Dec. 31, 2020	4,989					25			(109)			4,388				3,279					(2,676)				82
Beginning balance, redeemable noncontrolling interest at Dec. 31, 2019																													35		$ 35
Redeemable Noncontrolling Interest
Net income (loss), redeemable noncontrolling interests																													13
Ending balance, redeemable noncontrolling interest at Dec. 31, 2020																													40
Stockholders' Equity
Net income (loss), excluding redeemable noncontrolling interests	1,748															1,723									25
Other comprehensive income (loss), net of tax	237																				231				6
Dividends paid	(271)															(180)									(91)				(7)
Common shares issued from treasury stock and capital increase for share-based compensation	0								25			(25)
Share-based compensation expense	99											99
Other changes	6											2				(4)									8
Ending balance at Dec. 31, 2021	6,808	$ (1,654)	$ 5,154			25	$ 25		(84)	$ (84)		4,464	$ (3,044)	$ 1,420		4,818	$ 1,464	$ 6,282			(2,445)	$ (52)	$ (2,497)		30	$ (22)	$ 8
Redeemable Noncontrolling Interest
Net income (loss), redeemable noncontrolling interests																													12
Ending balance, redeemable noncontrolling interest at Dec. 31, 2021	45																												45	$ 45
Stockholders' Equity
Net income (loss), excluding redeemable noncontrolling interests	2,023															2,029									(6)
Other comprehensive income (loss), net of tax	218																				219				(1)
Dividends paid	(412)															(412)													(11)
Acquisition of treasury stock	(153)								(153)
Common shares issued from treasury stock and capital increase for share-based compensation	0								7			(7)
Share-based compensation expense	87											87
Other changes	10											4				7									(1)				(1)
Ending balance at Dec. 31, 2022	6,927					$ 25			$ (230)			$ 1,504				$ 7,906					$ (2,278)				$ 0
Redeemable Noncontrolling Interest
Net income (loss), redeemable noncontrolling interests																													16
Ending balance, redeemable noncontrolling interest at Dec. 31, 2022	$ 49																												$ 49

Presentation

Presentation	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Presentation	Presentation CNH Industrial N.V. (“CNH Industrial” or the “Company”) is incorporated in, and under the laws of, the Netherlands. CNH Industrial is a leading company in the capital goods sector that, through its various businesses, designs, produces and sells agricultural equipment and construction equipment. In addition, CNH Industrial’s Financial Services segment offers an array of financial products and services, including retail financing for the purchase or lease of new and used CNH Industrial and other manufacturers’ products and other retail financing programs and wholesale financing to dealers. Subsequent to December 31, 2021, the Company had three reportable segments consisting of: (i) Agriculture, which designs, produces and sells agricultural equipment (ii) Construction, which designs, produces and sells construction equipment and (iii) Financial Services, which provides financial services to the customers of the Company’s products. The Company’s worldwide agricultural equipment and construction equipment segments as well as corporate functions are collectively referred to as “Industrial Activities”. The Company was formed as a result of the mergers of Fiat Industrial S.p.A. and its subsidiary CNH Global N.V. with and into CNH Industrial, effective September 29, 2013. Spin-off of On-Highway Business Until December 31, 2021, CNH Industrial N.V. owned and controlled the Commercial and Specialty Vehicles business, the Powertrain business, and the related Financial Services business (together the “Iveco Group Business” or the “On-Highway Business”), as well as the Agriculture business, the Construction business, and the related Financial Services business (collectively, the “Off-Highway Business”). Effective January 1, 2022, the Iveco Group Business was separated from CNH Industrial N.V. by way of a demerger under Dutch law (the "Demerger") to Iveco Group N.V. (the "Iveco Group"), and the Iveco Group became a public listed company independent from CNH Industrial with its common shares trading on the Euronext Milan, a regulated market organized and managed by Borsa Italiana S.p.A. In connection with the Demerger, shares of Iveco Group N.V. were distributed to shareholders in CNH Industrial N.V. on a pro rata basis. The On-Highway Business' financial results for the periods prior to the Demerger have been reflected in our Consolidated Statement of Operations, retrospectively, as discontinued operations. Additionally, the related assets and liabilities associated with the On-Highway Business are classified as discontinued operations within Assets Held for Distribution and Liabilities Held for Distribution in the prior year of the Consolidated Balance Sheet. Pursuant to the terms of the deeds of demerger entered into between CNH Industrial N.V. and Iveco Group N.V. on January 1, 2022, assets related to the On-Highway Business were transferred to, and liabilities related to the On-Highway Business were retained or assumed by, Iveco Group N.V. In order to present the financial effects of a Discontinued Operation, revenues and expenses arising from intercompany transactions were eliminated. Eliminations from transactions between Continuing and Discontinued Operations are allocated in full to Discontinued Operations. However, no profit or loss is recognized for intercompany transactions within the Consolidated Statement of Operations. The amounts of income statement items included in Discontinued Operations is detailed in the following sections. Intercompany transactions between Continuing and Discontinued Operations have been eliminated in the consolidated statement of financial position. The net balance between Assets held for distribution and Liabilities held for distribution represents the net equity of the Discontinued Operations. This amount corresponds to the reduction in the total equity of CNH Industrial due to the Demerger that occurred on January 1, 2022. All cash flows from Discontinued Operations are reported in the appropriate items for operating activities, investing activities and financing activities in the Statement of Cash Flows. The cash flows represent those arising from transactions with third parties. The following table presents the assets and liabilities of the Iveco Group Business classified as Assets Held for Distribution and Liabilities Held for Distribution as of December 31, 2021. December 31, 2021 (in millions) ASSETS HELD FOR DISTRIBUTION Cash and cash equivalents $ 961 Restricted cash 55 Trade receivables, net 165 Financing receivables, net 3,284 Inventories, net 3,005 Property, plant and equipment, net 3,221 Investments in unconsolidated subsidiaries and affiliates 613 Equipment under operating leases 66 Goodwill, net 80 Other intangible assets, net 141 Deferred tax assets 1,059 Other assets 896 Total Assets Held for Distribution $ 13,546 LIABILITIES HELD FOR DISTRIBUTION Debt 2,343 Trade payables 3,366 Deferred tax liabilities 14 Pension, postretirement and other postemployment benefits 560 Other liabilities 5,609 Total Liabilities Held for Distribution $ 11,892 Details of Statement of Operations line items included in Discontinued Operations, after the eliminations, for the years ended December 31, 2021, and 2020 are as follows: 2021 2020 (in millions) Revenues Net sales $ 14,743 $ 11,772 Finance, interest and other income 194 140 Total Revenues $ 14,937 $ 11,912 Costs and Expenses Cost of goods sold 12,765 10,745 Selling, general and administrative expenses 989 859 Research and development expenses 594 439 Restructuring expenses 39 27 Interest expense 129 107 Other, net 380 61 Total Costs and Expenses $ 14,896 $ 12,238 Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates 41 (326) Income tax (expense) benefit (113) 135 Equity in income of unconsolidated subsidiaries and affiliates 31 (49) Net Income (loss) from discontinued operations $ (41) $ (240) Cash flows from Discontinued Operations from the years ended December 31, 2021 and 2020 are as follows: 2021 2020 (in millions) Operating activities: Net income (loss) of discontinued operations $ (41) $ (240) Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization expense, net of depreciation and amortization of assets under operating leases and assets sold under buy-back commitments 316 332 Depreciation and amortization expense of assets under operating leases and assets sold under buy-back commitments 296 302 (Gain) Loss on disposal of assets (44) 1 Undistributed income of unconsolidated subsidiaries (13) 51 Other non-cash items 197 72 Changes in operating assets and liabilities: Provisions 87 90 Deferred income taxes 36 (192) Trade and financing receivables related to sales, net 54 118 Inventories, net (216) 678 Trade payables 25 87 Other assets and liabilities 187 42 Cash flow from operating activities of discontinued operation $ 884 $ 1,341 Investing activities: Additions to retail receivables (42) (12) Collections of retail receivables 50 31 Proceeds from the sale of assets, net of assets under operating leases and assets sold under buy-back commitments — 3 Expenditures for property, plant and equipment and intangible assets, net of assets under operating leases and assets sold under buy-back commitments (348) (252) Expenditures for assets under operating leases and assets sold under buy-back commitments (763) (752) Other 672 187 Cash flow provided by (used in) investing activities of discontinued operation $ (431) $ (795) Financing activities: Proceeds from long-term debt 3,459 3,119 Payments of long-term debt (3,602) (3,285) Net increase (decrease) in other financial liabilities 97 (241) Dividends paid — — Cash flow from financing activities of discontinued operation $ (46) $ (407)

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation CNH Industrial has prepared the accompanying consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The consolidated financial statements include CNH Industrial N.V. and its consolidated subsidiaries. The consolidated financial statements are expressed in U.S. dollars and, unless otherwise indicated, all financial data set forth in these consolidated financial statements are expressed in U.S. dollars. The consolidated financial statements include the accounts of CNH Industrial’s subsidiaries in which CNH Industrial has a controlling financial interest, and reflect the noncontrolling interests of the minority owners of the subsidiaries that are not fully owned for the periods presented, as applicable. A controlling financial interest may exist based on ownership of a majority of the voting interest of an entity or based on CNH Industrial’s determination that it is the primary beneficiary of a variable interest entity (“VIE”). The primary beneficiary of a VIE is the party that has the power to direct the activities that most significantly impact the economic performance of the entity and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the entity. The Company assesses whether it is the primary beneficiary on an ongoing basis, as prescribed by the accounting guidance on the consolidation of VIEs. The consolidated status of the VIEs with which the Company is involved may change as a result of such reassessments. Investments in unconsolidated subsidiaries and affiliates are accounted for using the equity method when CNH Industrial does not have a controlling interest, but exercises significant influence. Under this method, the investment is initially recorded at cost and is increased or decreased by CNH Industrial’s proportionate share of the entity’s respective net income or loss. Dividends received from these entities reduce the carrying value of the investments. Business Combinations Business combinations are accounted for by applying the acquisition method. Under this method, the consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred and liabilities assumed by the Company and the equity interests issued in exchange for control of the acquiree. Acquisition-related costs are generally recognized in profit or loss as incurred. On November 30, 2021, CNH Industrial completed its acquisition of Raven Industries, Inc. CNH Industrial acquired 100% of the capital stock of Raven for $58 per share funded with available cash on hand. Cash consideration paid to Raven shareholders and Raven equity award holders totaled $2.1 billion. Raven, based in Sioux Falls, South Dakota, included three business divisions: Applied Technology, Engineered Films and Aerostar. The Applied Technologies division offers precision agricultural technologies in the areas of applications controls, guidance and steering, field computers, boom controls, cloud services and logistics, and injection support. At December 31, 2021, the preliminary estimates for the fair value of assets acquired and liabilities assumed of the Applied Technologies Division as of the acquisition date included $1.3 billion and $0.5 billion in preliminary goodwill and intangible assets, respectively. At December 31, 2021, the Engineered Films and Aerostar businesses were classified as held for sale with preliminary estimates of $0.5 billion in assets held for sale (included in Other Assets) and $0.1 billion in liabilities held for sale (included in Other Liabilities). The Engineered Films and Aerostar businesses were subsequently sold during 2022. The acquisition of Raven has been accounted for as a business combination using the acquisition method of accounting. The acquisition method requires, among other things, that assets acquired and liabilities assumed in a business combination be recognized at their fair values as of the acquisition date. In Q4 2022, the Company finalized the valuation of acquired assets and assumed liabilities. The asset and liability fair values of the remaining Raven business, Applied Technology Division, at the acquisition date are as follows: November 30, 2021 (in millions) Intangible Assets Customer Relationship $ 145 In-Process R&D 165 Developed Technology 50 Trade Names 74 Goodwill 1,404 Deferred Tax Liability and Other (137) On December 30, 2021, CNH Industrial completed its purchase of 90% capital stock of Sampierana S.p.A. ("Sampierana") for approximately $100 million. Sampierana is an Italian company specializing in the development, manufacture and commercialization of earthmoving machines, undercarriages and spare parts. In Q4 2022, the Company finalized the valuation of acquired assets and assumed liabilities. Sampierana is included in the Company’s Construction segment. On May 16, 2022, CNH Industrial acquired Specialty Enterprises LLC, a manufacturer of agricultural spray booms and sprayer boom accessories. Total consideration was approximately $50 million. The results of Specialty Enterprises have been included in the Company’s Agriculture segment. Use of Estimates in the Preparation of Financial Statements The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported amounts of revenues and expenses. Significant estimates in these consolidated financial statements include the realizable value of property, plant and equipment, goodwill and other intangibles; residual values of equipment on operating leases; allowance for credit losses; tax contingencies and valuation allowances; liabilities for warranties; sales allowances; and assets and obligations related to employee benefits. Actual results could differ from these estimates. Revenue Recognition Revenue is recognized when control of the equipment, services or parts has been transferred and the Company’s performance obligations to the customers have been satisfied. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. The timing of when the Company transfers the goods or services to the customer may differ from the timing of the customer’s payment. Revenues are stated net of discounts, allowances, settlement discounts and rebates, as well as costs for sales incentive programs, which are determined on the basis of historical costs, country by country, and charged against profit for the period in which the corresponding sales are recognized. The Company also enters into contracts with multiple performance obligations. For these contracts, the Company allocates revenue from the transaction price to the distinct goods and services in the contract on a relative standalone selling price basis. To the extent the Company sells the goods or services separately in the same market, the standalone selling price is the observable price at which the Company sells the goods or services separately. For all other goods or services, the Company estimates the standalone selling price considering all information reasonably available (including market conditions, entity-specific factors and information about the customer or class of customer). Sales of goods The Company has determined that the customers from the sale of equipment and parts are generally dealers, distributors, public entities and retail customers. The Company recognizes revenue at a point in time when control has transferred to the customer at a sales price that the Company expects to receive. Transfer of control occurs when title and risk of ownership have transferred to the customer, which occurs based upon the terms specified in the contract. In most of the jurisdictions where the Company operates, and subject to specific exceptions, transfer of control occurs upon shipment. For all sales, no significant uncertainty exists surrounding the purchaser’s obligation to pay for equipment and parts. The Company records appropriate allowance for credit losses and anticipated returns as required. Fixed payment schedules exist for all sales, but payment terms vary by geographic market and product line. The cost of incentives, if any, are estimated at the inception of a contract at the amount that is expected to be paid and is recognized as a reduction to revenue at the time of the sale. If an equipment contract transaction has multiple performance obligations, the cost of incentives is allocated entirely to the equipment as the intent of the incentives is to encourage sales of equipment. If the estimate of the incentive changes following the sale to the customer, the change in estimate is recognized as an adjustment to revenue in the period of the change. CNH Industrial grants certain sales incentives to support sales of its products to retail customers. At the later of the time of sale or the time an incentive is announced to dealers, CNH Industrial records the estimated impact of sales allowances in the form of dealer and customer incentives as a reduction of revenue. Subsequent adjustments to sales incentive programs related to products previously sold are recognized as an adjustment to revenues in the period the adjustment is determinable. The determination of sales allowances requires management to make estimates based upon historical data, estimated future market demand for products, field inventory levels, announced incentive programs, competitive pricing and interest rates, among other things. With reference to the sales to dealers accompanied by “floor plan” agreements under which the Company offers wholesale financing including “interest-free” financing for specified period of time (which also vary by geographic market and product line), two separate performance obligations exist. The first performance obligation consists of the sale of the equipment from Industrial Activities to the dealer. Concurrent with the sale of the equipment, Industrial Activities offers to the dealer wholesale financing through loans extended by Financial Services. Industrial Activities compensates Financial Services for the cost of the interest-free period. This cost has been determined to represent a cash sale incentive on the initial sale of the good, and therefore it should be recognized upfront as a reduction of net sales of Industrial Activities. The second performance obligation consists of a credit facility extended by Financial Services to the dealer. The remuneration for this performance obligation is represented by the compensation received from Industrial Activities for the period of the interest-free financing and by the interest charged to dealer for the remaining period. This remuneration is recognized by Financial Services over the period of the outstanding exposure. For parts sales, when the Company provides its customers with a right to return a transferred product, revenue and corresponding cost of sales are recognized for parts that are not expected to be returned. The expected returns are estimated based on an analysis of historical experience. The portion of revenue (and corresponding cost of sales) related to the parts that are expected to be returned is recognized at the end of the return period. The amount received or receivable that is expected to be returned is recognized as a refund liability, representing the obligation to return the customer’s consideration. Furthermore, at the time of the initial sale, CNH Industrial recognizes a return asset for the right to recover the goods returned by the customer. This asset is initially measured at the former carrying amount of the inventory. At each reporting date, both the refund liability and the return asset are remeasured to record for any revisions to the expected level of returns, as well as any decreases in the value of the returned products. Rendering of services Revenues from services provided are primarily comprised of extended warranties and maintenance and repair services and are recognized over the contract period when the costs are incurred, that is when the claims are charged by the dealer. Amounts invoiced to customers for which CNH Industrial receives consideration before the performance is satisfied are recognized as contract liability. These services are either separately-priced or included in the selling price of the equipment. In the second case, revenue for the services is allocated based on the estimated stand-alone selling price. In the event that the costs expected to be incurred to satisfy the remaining performance obligations exceed the transaction price, an estimated contract loss is recognized. Shipping and other transportation activities performed as an agent are recognized on a net basis, which is netting the related freight cost against the freight revenue. Finance and interest income Finance and interest income on receivables is recorded using the effective yield method. Deferred costs on the origination of financing receivables are recognized as a reduction in finance revenue over the expected lives of the receivables using the effective yield method. Recognition of income on loans is suspended when management determines that collection of future income is not probable or when an account becomes 90 days delinquent, whichever occurs earlier. Interest accrual is resumed when and if the receivable becomes contractually current and collection becomes probable. Previously suspended income is recognized at that time. The Company applies cash received on nonaccrual financing receivables to first reduce any unrecognized interest and then the recorded investment and any other fees. Rents and other income on operating leases Income from operating leases is recognized over the term of the lease on a straight-line basis. Sales Allowances CNH Industrial grants certain sales incentives to support sales of its products to retail customers. The expense for such incentive programs is recorded as a deduction in arriving at the net sales amount at the time of the sale of the product to the dealer. The expense for new programs is accrued at the inception of the program. The amounts of incentives to be paid are estimated based upon historical data, estimated future market demand for products, field inventory levels, announced incentive programs, competitive pricing and interest rates, among other things. Warranty Costs At the time a sale of equipment or parts to a dealer is recognized, CNH Industrial records the estimated future base warranty costs for the product. CNH Industrial determines its total warranty liability by applying historical claims rate experience, while considering specific contractual terms, to the park of equipment that has been sold and is still under warranty. Campaigns are formal post-production modification programs approved by management. The liabilities for such programs are recognized when approved, based on an estimate of the total cost of the program. Advertising CNH Industrial expenses advertising costs as incurred. Advertising expense totaled $152 million , $110 million, and $82 million for the years ended December 31, 2022, 2021, and 2020, respectively. Research and Development Research and development costs are expensed as incurred. Borrowing Costs Borrowing costs that are directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are capitalized and amortized over the useful life of the class of assets to which they refer. All other borrowing costs are expensed when incurred. Government Grants Government grants are recognized in the financial statements when there is reasonable assurance that the company concerned will comply with the conditions for receiving such grants and that the grants themselves will be received. Government grants are recognized as income over the periods necessary to match them with the related costs which they are intended to offset. The benefit of a government loan at a below-market rate of interest is treated as a government grant. The benefit of the below-market rate of interest is measured as the difference between the initial carrying amount of the loan (fair value plus transaction costs) and the proceeds received, and is accounted for in accordance with the policies already used for the recognition of government grants. Foreign Currency Certain of CNH Industrial’s non-U.S. subsidiaries and affiliates maintain their books and accounting records using local currency as the functional currency. Assets and liabilities of these non-U.S. subsidiaries are translated into U.S. dollars at period-end exchange rates, and net exchange gains or losses resulting from such translation are included in “Accumulated other comprehensive income (loss)” in the accompanying consolidated balance sheets. Income and expense accounts of these non-U.S. subsidiaries are translated at the average exchange rates for the period. Gains and losses from foreign currency transactions are included in net income in the period during which they arise. Net foreign currency transaction gains and losses are reflected in “Other, net” in the accompanying consolidated statement of operations and also include the cost of hedging instruments. For the years ended December 31, 2022 and 2021 the Company recorded net losses of $185 million and $135 million, respectively. For the year ended December 31, 2020 the Company recorded a net gain of $28 million. Included in the net losses in 2022, 2021 and 2020 were charges of $— million, $47 million and $56 million (inclusive of impact of discontinued operations) due to the devaluation of net monetary assets of Argentinian subsidiaries in 2022, 2021, and 2020, respectively. There was no impact in 2022 as the functional currency of the Argentinian subsidiary was changed to the US Dollar. As described in Note 15: Financial Instruments, the Company uses hedging instruments to mitigate foreign currency risk. Net of gains realized on foreign currency hedging instruments, the Company recorded a losses of $80 million, $6 million and $17 million for the three years ended December 31, 2022, 2021 and 2020, respectively. Cash and Cash Equivalents Cash equivalents are highly liquid investments with an original maturity of three months or less. The carrying value of cash equivalents approximates fair value because of the short maturity of these investments. Restricted Cash Restricted cash includes principal and interest payments from retail notes and wholesale receivables owned by the consolidated VIEs that are payable to the VIEs’ investors, and cash pledged as a credit enhancement to the same investors. These amounts are held by depository banks in order to comply with contractual agreements. Cash Flow Information All cash flows from the changes in trade accounts and notes receivable are classified as operating activities in the consolidated statements of cash flows as these receivables arise from sales to CNH Industrial’s customers. Cash flows from financing receivables that are related to sales to CNH Industrial’s dealers are also included in operating activities. CNH Industrial’s financing of receivables related to equipment sold by dealers is included in investing activities. CNH Industrial paid interest of $718 million, $539 million, and $625 million for the years ended December 31, 2022, 2021, and 2020, respectively. For 2022, 2021, and 2020, the amount includes a charge of $— million, $8 million, and $— million, respectively, in connection with the Company’s accelerated debt redemption strategy. CNH Industrial paid taxes of $717 million, $348 million, and $80 million in 2022, 2021, and 2020, respectively. In 2022, Other non-cash items of $196 million primarily included share-base payments of $87 million and writedowns of financial assets of $77 million. In 2021, Other non-cash items of $126 million primarily included share-based payments of $90 million and writedowns of financial assets of $34 million. In 2022, Investing Activities - Other primarily consisted of change in intersegment receivable/payable (including with Iveco Group) less proceeds from the sale of the Raven EFD and Aerostar divisions and sale of certain real estate. In 2021, Investing Activities - Other included cash paid for the acquisition of Raven Industries Inc of $2.1 billion. Receivables Receivables are recorded at amortized cost, net of allowances for credit losses and deferred fees and costs. Periodically, the Company sells or transfers retail notes and wholesale receivables to funding facilities or in securitization transactions. In accordance with the accounting guidance regarding transfers of financial assets and the consolidation of VIEs, the majority of the retail notes and wholesale receivables sold in securitizations do not qualify as sales and are recorded as secured borrowings with no gains or losses recognized at the time of securitization. Receivables associated with these securitization transactions and receivables that the Company has the ability and intent to hold for the foreseeable future are classified as held for investment. The substantial majority of the Company’s receivables, which include unrestricted receivables and restricted receivables for securitization investors, are classified as held for investment. Allowance for Credit Losses The allowance for credit losses is the Company’s estimate of the lifetime expected credit losses inherent in the trade receivables and financing receivables owned by the Company. Retail receivables primarily include retail notes and finance leases to end use customers and revolving charge accounts, which represent financing for customers to purchase parts, service, rentals, implements and attachments from CNH Industrial dealers. Wholesale receivables include dealer floorplan financing, and to a lesser extent, the financing of dealer operations. Typically, our receivables within a geographic area have similar risk profiles and methods for assessing and monitoring risk. Retail customer receivables that share the same risk characteristics such as, collateralization levels, geography, product type and other relevant factors are reviewed on a collective basis using measurement models and management judgment. The allowance for retail credit losses is based on loss forecast models that consider a variety of factors that include, but are not limited to, historical loss experience, collateral value, portfolio balance and delinquency. The loss forecast models are updated on a quarterly basis. The calculation is adjusted for forward looking macroeconomic factors, such as GDP and Net Farm Income. The forward-looking macroeconomic factors are updated quarterly. In addition, qualitative factors that are not fully captured in the loss forecast models are considered in the evaluation of the adequacy of the allowance for credit losses. These qualitative factors are subjective and require a degree of management judgment. Trade and wholesale receivables that share the same risk characteristics such as, collateralization levels, term, geography and other relevant factors are reviewed on a collective basis using measurement models and management judgment. The allowance for trade and wholesale credit losses is based on loss forecast models that consider a variety of factors that include, but are not limited to, historical loss experience, collateral value, portfolio balance and delinquency. The loss forecast models are updated on a quarterly basis. The calculation is adjusted for forward-looking macroeconomic factors, such as industry sales volumes. The forward-looking macroeconomic factors are updated quarterly. In addition, qualitative factors that are not fully captured in the loss forecast models are considered in the evaluation of the adequacy of the allowance for credit losses. These qualitative factors are subjective and require a degree of management judgment. Retail, trade and wholesale receivables that do not have similar risk characteristics are individually reviewed based on, among other items, amounts outstanding, days past due and prior collection history. Expected credit losses are measured by considering: the probability-weighted estimates of cash flows and collateral value; the time value of money; current conditions and forecasts of future economic conditions. Expected credit losses are measured as the probability-weighted present value of all cash shortfalls (including the value of the collateral, if appropriate) over the expected life of each financial asset. Charge-offs of principal amounts of receivables outstanding are deducted from the allowance at the point when it is determined to be probable that all amounts due will not be collected. Revolving charge accounts are generally deemed to be uncollectible and charged off to the allowance for credit losses when delinquency reaches 120 days. Inventories Inventories are stated at the lower of cost or market. Cost is determined by the first-in, first-out method. The cost of finished goods and work-in-progress includes the cost of raw materials, other direct costs and production overheads. Property, Plant and Equipment Property, plant and equipment are stated at cost, less accumulated depreciation. Expenditures for maintenance and repairs are expensed as incurred. 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. The corresponding liability to the lessor is included in the financial statements as debt. Depreciation is recorded on a straight-line basis over the estimated useful lives of the respective assets as follows: Category Lives Buildings and improvements 10 — 40 years Plant, machinery and equipment 5 — 25 years Other equipment 3 — 10 years The following paragraph presents the Company’s policy for leases for which it is a lessee. 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 real estate leases, this assessment is based on an analysis by management of all relevant facts and circumstances including the leased asset’s purpose, the economic and practical potential for replacing and any plans that the Company has in place for the future use of the asset. 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 operating expense 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, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company's incremental borrowing rate. The incremental borrowing rate is determined considering macro-economic factors such as the specific interest rate curve based on the relevant currency and term, as well as specific factors contributing to CNH Industrial’s credit spread. The Company primarily uses the incremental borrowing rate as the discount rate for its lease liabilities. 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. Equipment on Operating Leases Financial Services purchases leases and equipment from CNH Industrial dealers and other independent third parties that have leased equipment to retail customers under operating leases. Financial Services’ investment in operating leases is based on the purchase price paid for the equipment. Income from these operating leases is recognized over the term of the lease. The equipment is depreciated on a straight-line basis over the term of the lease to the estimated residual value at lease termination. Residual values are estimated at the inception of the lease and are reviewed quarterly. Realization of the residual values is dependent on Financial Services’ future ability to re-market the equipment under then prevailing market conditions. Equipment model changes and updates, as well as market strength and product acceptance, are monitored and adjustments are made to residual values in accordance with the significance of any such changes. Management believes that the estimated residual values are realizable. Expenditures for maintenance and repairs of the applicable equipment are the responsibility of the lessee. Financial Services evaluates the carrying amount of equipment on operating leases for potential impairment when it determines a triggering event has occurred. When a triggering event occurs, a test for recoverability is performed comparing projected undiscounted future cash flows to the carrying amount of the asset. If the test for recoverability identifies a possible impairment, the asset’s fair value is measured in accordance with the fair value measurement framework. An impairment charge would be recognized for the amount by which the carrying amount of the asset exceeds its estimated fair value. Equipment returned to the Company upon termination of leases and held for subsequent sale or lease is recorded in inventory at the lower of net book value or estimated fair value of the equipment, less cost to sell, and is not depreciated. Goodwill and Other Intangibles Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired. Goodwill and indefinite-lived intangible assets are reviewed for impairment at least annually. At December 31, 2021 and 2022, the Company performed its annual impairment review and concluded there was no impairment to goodwill for the other reporting units. Other intangibles consist primarily of acquired dealer networks, trademarks, product drawings, patents, and software. Other intangibles with indefinite lives principally consist of acquired trademarks which have no legal, regulatory, contractual, competitive, economic, or other factor that limits their useful life. Intangible assets with an indefinite useful life are not amortized. Other intangible assets with definite lives are being amortized on a straight-line basis over 5 to 25 years. Reference is made to “Note 9: Goodwill and Other Intangibles” for further information regarding goodwill and other intangible assets. Impairment of Long-Lived Assets, Goodwill and Other Intangib

Revenue

Revenue	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The following tables summarize previously reported revenues for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 2021 2020 (in millions) Agriculture $ 17,969 $ 14,721 $ 10,923 Construction 3,572 3,081 2,170 Eliminations and Other — — (10) Total Industrial Activities 21,541 17,802 13,083 Financial Services 1,996 1,672 1,660 Eliminations and Other 14 22 36 Total Revenues $ 23,551 $ 19,496 $ 14,779 The following table disaggregates previously reported revenues by major source for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 2021 2020 (in millions) Revenues from: Sales of goods $ 21,506 $ 17,783 $ 13,067 Rendering of services and other revenues 35 19 16 Revenues from sales of goods and services $ 21,541 $ 17,802 $ 13,083 Finance and interest income 1,169 912 966 Rents and other income on operating lease 841 782 730 Finance, interest and other income $ 2,010 $ 1,694 $ 1,696 Total Revenues $ 23,551 $ 19,496 $ 14,779

Receivables

Receivables	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Receivables	Receivables Trade Receivables, net As of December 31, 2022 and 2021, the Company had trade receivables of $172 million and $192 million, respectively. Trade receivables are shown net of allowances for doubtful accounts of $23 million and $24 million at December 31, 2022 and 2021 respectively. Trade accounts have significant concentrations of credit risk in the Agriculture and Construction segments. There is not a disproportionate concentration of credit risk in any geographic region. The Industrial Activities businesses sell a significant portion of their trade receivables to Financial Services and provide compensation to Financial Services at approximate market interest rates. Financing Receivables, net A summary of financing receivables included in the consolidated balance sheets as of December 31, 2022 and 2021 is as follows: 2022 2021 (in millions) Retail $ 11,446 $ 9,955 Wholesale 7,785 5,373 Other 29 48 Total $ 19,260 $ 15,376 CNH Industrial provides and administers retail note and lease financing to end use customers for the purchase of new and used equipment and components sold through its dealer network, as well as revolving charge account financing. The terms of retail notes and finance leases generally range from two Wholesale receivables arise primarily from dealer floorplan financing, and to a lesser extent, the financing of dealer operations. Under the standard terms of the wholesale receivable agreements, these receivables typically have “interest-free” periods of up to twelve months and stated original maturities of up to twenty-four months, with repayment accelerated upon the sale of the underlying equipment by the dealer. During the “interest-free” period, Financial Services is compensated by Industrial Activities based on market interest rates. After the expiration of any “interest-free” period, interest is charged to dealers on outstanding balances until CNH Industrial receives payment in full. The “interest-free” periods are determined based on the type of equipment sold and the time of year of the sale. The Company evaluates and assesses dealers on an ongoing basis as to their creditworthiness. CNH Industrial may be obligated to repurchase the dealer’s equipment upon cancellation or termination of the dealer’s contract for such causes as change in ownership, closeout of the business, or default. There were no significant losses in 2022, 2021 or 2020 relating to the termination of dealer contracts. Maturities of financing receivables as of December 31, 2022 are as follows: Amount (in millions) 2023 $ 11,133 2024 2,874 2025 2,243 2026 1,609 2027 940 2028 and thereafter 461 Total $ 19,260 It has been the Company’s experience that substantial portions of retail, which include retail notes and finance leases, are repaid before their contractual maturity dates. As a result, the above table should not be regarded as a forecast of future cash collections. Financing receivables have significant concentrations of credit risk in the agriculture and construction business sectors. On a geographic basis, there is not a disproportionate concentration of credit risk in any area. The Company typically retains, as collateral, a security interest in the equipment associated with retail and wholesale receivables, while revolving charge accounts are generally unsecured. Transfers of Financial Assets As part of its overall funding strategy, the Company periodically transfers certain receivables into special purpose entities ("SPEs") as part of its asset backed securitization ("ABS") programs or into factoring transactions. SPEs utilized in the securitization programs differ from other entities included in the Company's consolidated financial statements because the assets they hold are legally isolated from the Company's assets. 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 or the receivables are removed from the SPE. Certain securitization trusts are also VIEs and consequently, the VIEs are consolidated since the Company has both the power to direct the activities 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. The Company may retain all or a portion of the subordinated interests in the SPEs. 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. 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. The secured borrowings related to the transferred receivables are obligations that are payable as the receivables are collected. At December 31, 2022 and 2021, the carrying amount of such restricted receivables included in financing receivables are the following (in millions): 2022 2021 Retail $ 6,766 $ 6,878 Wholesale 4,582 3,443 Total $ 11,348 $ 10,321 Allowance for Credit Losses CNH Industrial''s allowance for credit losses is segregated into two portfolio segments: retail and wholesale. A portfolio segment is the level at which CNH Industrial develops a systematic methodology for determining its allowance for credit losses. Further, the class of receivables by which CNH Industrial evaluates its portfolio segments is by geographic region. Typically, CNH Industrial's receivables within a geographic area have similar risk profiles and methods for assessing and monitoring risk. The classes align with management reporting. Allowance for credit losses activity for the year ended December 31, 2022 is as follows (in millions): December 31, 2022 Retail Wholesale Opening balance $ 220 $ 65 Provision 59 7 Charge-offs, net of recoveries (17) (7) Foreign currency translation and other 8 (1) Ending balance $ 270 $ 64 At December 31, 2022, the allowance for credit losses included increases in reserves due to growth in the retail portfolio and additionally included $15 million for domestic Russian receivables, $9 million for the addition of revolving charge accounts in North America and $7 million in China related to Construction. CNH Industrial will update the macroeconomic factors and qualitative factors in future periods, as warranted. The provision for credit losses is included in selling, general and administrative expenses. Allowance for credit losses activity for the year ended December 31, 2021 is as follows (in millions): December 31, 2021 Retail Wholesale Opening Balance $ 231 $ 62 Provision 22 6 Charge-offs, net of recoveries (22) 1 Foreign currency translation and other (11) (4) Ending balance $ 220 $ 65 At December 31, 2021, the allowance for credit losses included a reduction in retail reserves primarily due to the improved outlook for the agricultural industry and a reduced expected impact on credit conditions from the COVID-19 pandemic. Allowance for credit losses activity for the year ended December 31, 2020 is as follows (in millions): December 31, 2020 Retail Wholesale Opening balance, as previously reported $ 147 $ 71 Adoption of ASC 326 34 (4) Opening balance, as recast $ 181 $ 67 Provision 93 4 Charge-offs, net of recoveries (31) (5) Foreign currency translation and other (12) (4) Ending balance $ 231 $ 62 At December 31, 2020, the allowance for credit losses was based on the Company's expectation of deteriorating credit conditions related to the COVID-19 pandemic. CNH Industrial assesses and monitors the credit quality of its financing receivables based on whether a receivable is classified as Performing or Non-Performing. Receivables are considered past due if the required principal and interest payments have not yet been received as of the date such payments were due. Delinquency is reported on financing receivables greater than 30 days past due. Non-performing financing receivables represent loans for which CNH Industrial has ceased accruing finance income. These receivables are generally 90 days past due. Accrued interest is charged-off to interest income. Interest income charged-off was not material for the year ended December 31, 2022. Interest accrual is resumed if the receivable becomes contractually current and collection becomes probable. Previously suspended income is recognized at that time. As the terms for retail financing receivables are greater than one year, the performing/non-performing information is presented by year of origination for North America, South America and Asia Pacific. The aging of financing receivables as of December 31, 2022 is as follows (in millions): 2022 31-60 Days Past Due 61-90 Days Past Due Total Past Due Current Total Performing Non- Performing Total Retail North America 2022 $ 3,558 $ — $ 3,558 2021 2,035 1 2,036 2020 994 — 994 2019 472 — 472 2018 225 — 225 Prior to 2018 65 — 65 Total $ 42 $ 16 $ 58 $ 7,291 $ 7,349 $ 1 $ 7,350 South America 2022 $ 1,179 $ 2 $ 1,181 2021 725 3 728 2020 408 2 410 2019 207 1 208 2018 116 — 116 Prior to 2018 95 — 95 Total $ 12 $ — $ 12 $ 2,718 $ 2,730 $ 8 $ 2,738 Asia Pacific 2022 $ 601 $ — $ 601 2021 400 1 401 2020 220 1 221 2019 84 — 84 2018 35 — 35 Prior to 2018 3 — 3 Total $ 8 $ 8 $ 16 $ 1,327 $ 1,343 $ 2 $ 1,345 Europe, Middle East, Africa $ — $ — $ — $ 2 $ 2 $ 11 $ 13 Total Retail $ 62 $ 24 $ 86 $ 11,338 $ 11,424 $ 22 $ 11,446 Wholesale North America $ — $ — $ — $ 3,378 $ 3,378 $ — $ 3,378 South America — — — 1,416 1,416 — 1,416 Asia Pacific — — — 494 494 — 494 Europe, Middle East, Africa 7 2 9 2,488 2,497 — 2,497 Total Wholesale $ 7 $ 2 $ 9 $ 7,776 $ 7,785 $ — $ 7,785 The aging of financing receivables as of December 31, 2021 is as follows (in millions): 2021 31-60 Days Past Due 61-90 Days Past Due Total Past Due Current Total Performing Non- Performing Total Retail North America 2021 $ 3,159 $ — $ 3,159 2020 1,688 1 1,689 2019 901 1 902 2018 531 — 531 2017 229 — 229 Prior to 2017 73 — 73 Total $ 13 $ — $ 13 $ 6,568 $ 6,581 $ 2 $ 6,583 South America 2021 $ 881 $ — $ 881 2020 524 — 524 2019 295 — 295 2018 190 — 190 2017 105 — 105 Prior to 2017 72 — 72 Total $ 1 $ — $ 1 $ 2,066 $ 2,067 $ — $ 2,067 Asia Pacific 2021 $ 579 $ — $ 579 2020 357 4 361 2019 167 1 168 2018 99 1 100 2017 45 — 45 Prior to 2017 5 — 5 Total $ 10 $ 8 $ 18 $ 1,234 $ 1,252 $ 6 $ 1,258 Europe, Middle East, Africa $ 4 $ — $ 4 $ 43 $ 47 $ — $ 47 Total Retail $ 28 $ 8 $ 36 $ 9,911 $ 9,947 $ 8 $ 9,955 Wholesale North America $ — $ — $ — $ 2,339 $ 2,339 $ — $ 2,339 South America — — — 633 633 22 655 Asia Pacific 2 1 3 446 449 — 449 Europe, Middle East, Africa 5 1 6 1,924 1,930 — 1,930 Total Wholesale $ 7 $ 2 $ 9 $ 5,342 $ 5,351 $ 22 $ 5,373 Troubled Debt Restructurings A restructuring of a receivable constitutes a TDR when the lender grants a concession it would not otherwise consider to a borrower that is experiencing financial difficulties. As a collateral based lender, CNH Industrial 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 the 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. Before removing a receivable from TDR classification, a review of the borrower is conducted. If concerns exist about the future ability of the borrower to meet its obligations based on a credit review, the TDR classification is not removed from the receivable. As of December 31, 2022 and 2021, CNH Industrial's TDRs for retail and wholesale receivables were immaterial.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories (stated at the lower of cost or market, cost being determined on a FIFO basis) as of December 31, 2022 and 2021 consist of the following: 2022 2021 (in millions) Raw materials $ 1,955 $ 1,517 Work-in-process 471 570 Finished goods 2,385 2,129 Total Inventories $ 4,811 $ 4,216

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment A summary of property, plant and equipment as of December 31, 2022 and 2021 is as follows: 2022 2021 (in millions) Land and industrial buildings $ 1,807 $ 1,848 Plant, machinery and equipment 3,293 3,222 Construction in progress 194 130 Other 364 354 Gross property, plant and equipment 5,658 5,554 Accumulated depreciation (4,126) (4,079) Net property, plant and equipment $ 1,532 $ 1,475 Property, plant and equipment recorded under capital leases were immaterial as of December 31, 2022 and 2021. Depreciation expense on the above property, plant and equipment totaled $198 million, $210 million, and $227 million for the years ended December 31, 2022, 2021, and 2020, respectively.

Investments in Unconsolidated S

Investments in Unconsolidated Subsidiaries and Affiliates	12 Months Ended
	Dec. 31, 2022
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 December 31, 2022 and 2021 is as follows: 2022 2021 (in millions) Equity method $ 331 $ 286 Cost method 54 47 Total $ 385 $ 333 A summary of the combined results of operations and financial position as reported by the investees that CNH Industrial accounts for using the equity method is as follows (unaudited): For The Years Ended December 31, 2022 2021 2020 (in millions) Net revenue $ 2,096 $ 1,996 $ 1,462 Income before taxes $ 348 $ 332 $ 225 Net income $ 280 $ 247 $ 175 As of December 31, 2022 2021 (in millions) Total Assets $ 7,290 $ 6,789 Total Liabilities $ 6,376 $ 5,983 Total Equity $ 914 $ 806 The investees included in these tables primarily consists of Al Ghazi Tractors Ltd. (43.2% ownership), Turk Traktor re Ziraat Makineteri A.S. (37.5% ownership), New Holland HFT Japan Inc. (50.0% ownership), CNH de Mexico S.A. de C.V. (50.0% ownership), CIFINS S.p.a (50.0% ownership) and CNH Industrial Capital Europe S.a.S (24.9% ownership owned directly by CIFINS S.p.a).

Leases

Leases	12 Months Ended
	Dec. 31, 2022
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. For the leases the Company recognized, on a straight-line basis over the lease term, lease expense of $13 million and $5 million and for the year ended December 31, 2022 and 2021, respectively. For the year ended December 31, 2022 and 2021, the Company incurred operating lease expenses of $74 million and $69 million, respectively. At December 31, 2022 and 2021, the Company has recorded approximately $225 million and $194 million of a right-of-use asset, respectively, and $228 million and $196 million of lease liability included in Other Assets Other Liabilities During the year ended December 31, 2022 and 2021, leased assets obtained in exchange for operating lease obligations were $114 million and $50 million, respectively. During the year ended December 31, 2022 and 2021, operating cash outflow for amounts included in the measurement of operating lease obligations was $73 million and $68 million, respectively. Future minimum lease payments under non-cancellable leases as of December 31, 2022 were as follows: Amount Operating Leases (in millions) 2023 $ 63 2024 46 2025 37 2026 31 2027 23 2028 and thereafter 59 Total future minimum lease payments $ 259 Less: Interest 31 Total $ 228 Lessor The Company, primarily through its Financial Services segment, leases equipment 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. A summary of equipment on operating leases as of December 31, 2022, and 2021 is as follows: 2022 2021 (in millions) Equipment on operating leases $ 1,894 $ 2,167 Accumulated depreciation (392) (429) Net equipment on operating leases $ 1,502 $ 1,738 Depreciation expense on equipment on operating leases is recorded in "Other, net" and amounted to $207 million, $241 million and $242 million for the years ended December 31, 2022, 2021 and 2020, respectively. 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) 2023 $ 197 2024 134 2025 72 2026 27 2027 8 2028 and thereafter — Total undiscounted lease payments $ 438
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. For the leases the Company recognized, on a straight-line basis over the lease term, lease expense of $13 million and $5 million and for the year ended December 31, 2022 and 2021, respectively. For the year ended December 31, 2022 and 2021, the Company incurred operating lease expenses of $74 million and $69 million, respectively. At December 31, 2022 and 2021, the Company has recorded approximately $225 million and $194 million of a right-of-use asset, respectively, and $228 million and $196 million of lease liability included in Other Assets Other Liabilities During the year ended December 31, 2022 and 2021, leased assets obtained in exchange for operating lease obligations were $114 million and $50 million, respectively. During the year ended December 31, 2022 and 2021, operating cash outflow for amounts included in the measurement of operating lease obligations was $73 million and $68 million, respectively. Future minimum lease payments under non-cancellable leases as of December 31, 2022 were as follows: Amount Operating Leases (in millions) 2023 $ 63 2024 46 2025 37 2026 31 2027 23 2028 and thereafter 59 Total future minimum lease payments $ 259 Less: Interest 31 Total $ 228 Lessor The Company, primarily through its Financial Services segment, leases equipment 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. A summary of equipment on operating leases as of December 31, 2022, and 2021 is as follows: 2022 2021 (in millions) Equipment on operating leases $ 1,894 $ 2,167 Accumulated depreciation (392) (429) Net equipment on operating leases $ 1,502 $ 1,738 Depreciation expense on equipment on operating leases is recorded in "Other, net" and amounted to $207 million, $241 million and $242 million for the years ended December 31, 2022, 2021 and 2020, respectively. 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) 2023 $ 197 2024 134 2025 72 2026 27 2027 8 2028 and thereafter — Total undiscounted lease payments $ 438
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. For the leases the Company recognized, on a straight-line basis over the lease term, lease expense of $13 million and $5 million and for the year ended December 31, 2022 and 2021, respectively. For the year ended December 31, 2022 and 2021, the Company incurred operating lease expenses of $74 million and $69 million, respectively. At December 31, 2022 and 2021, the Company has recorded approximately $225 million and $194 million of a right-of-use asset, respectively, and $228 million and $196 million of lease liability included in Other Assets Other Liabilities During the year ended December 31, 2022 and 2021, leased assets obtained in exchange for operating lease obligations were $114 million and $50 million, respectively. During the year ended December 31, 2022 and 2021, operating cash outflow for amounts included in the measurement of operating lease obligations was $73 million and $68 million, respectively. Future minimum lease payments under non-cancellable leases as of December 31, 2022 were as follows: Amount Operating Leases (in millions) 2023 $ 63 2024 46 2025 37 2026 31 2027 23 2028 and thereafter 59 Total future minimum lease payments $ 259 Less: Interest 31 Total $ 228 Lessor The Company, primarily through its Financial Services segment, leases equipment 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. A summary of equipment on operating leases as of December 31, 2022, and 2021 is as follows: 2022 2021 (in millions) Equipment on operating leases $ 1,894 $ 2,167 Accumulated depreciation (392) (429) Net equipment on operating leases $ 1,502 $ 1,738 Depreciation expense on equipment on operating leases is recorded in "Other, net" and amounted to $207 million, $241 million and $242 million for the years ended December 31, 2022, 2021 and 2020, respectively. 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) 2023 $ 197 2024 134 2025 72 2026 27 2027 8 2028 and thereafter — Total undiscounted lease payments $ 438

Goodwill and Other Intangibles

Goodwill and Other Intangibles	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	Goodwill and Other Intangibles Changes in the carrying amount of goodwill, for the years ended December 31, 2022 and 2021 are as follows: Agriculture Construction Financial Services Total (in millions) Balance at January 1, 2021 $ 1,695 $ 0 $ 143 $ 1,838 Foreign currency translation and other (1) (2) (2) (5) Acquisitions 1,326 51 — 1,377 Balance at December 31, 2021 $ 3,020 $ 49 $ 141 $ 3,210 Foreign currency translation and other 68 (3) (1) 64 Acquisitions 48 — — 48 Balance at December 31, 2022 $ 3,136 $ 46 $ 140 $ 3,322 The acquisition of Specialty Enterprises LLC (Specialty) during the second quarter of 2022 led to the increase in Goodwill for Agriculture of $43 million. Goodwill related to the acquisition was calculated as the excess of the consideration transferred over the net assets recognized and represents the future economic benefits arising from the other assets acquired that could not be individually identified and separately recognized. The valuation of assets acquired and liabilities assumed has not yet been finalized as of December 31, 2022. Thus, goodwill associated with the acquisitions is subject to adjustment during the measurement period. As of December 31, 2021, the acquisitions of Raven and Sampierana during the fourth quarter of 2021 led to an increase in goodwill for Agriculture and Construction of $1.3 billion and $51 million, respectively. Goodwill related to the acquisitions was calculated as the excess of the consideration transferred over the net assets recognized and represents the future economic benefits arising from the other assets acquired that could not be individually identified and separately recognized. The valuation of assets acquired and liabilities assumed was finalized in Q4 2022. Measurement period adjustments were recorded in the current year that increased Goodwill by $77 million for Agriculture, primarily related to updates of certain of the valuations. Impairment testing for goodwill is done at a reporting unit level. Under the goodwill impairment test, CNH Industrial’s estimate of the fair value of the reporting unit is compared with its carrying value. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. CNH Industrial has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. Goodwill and other indefinite-lived intangible assets are tested for impairment annually or more frequently if a triggering event occurs. At December 31, 2022 and December 31, 2021, the Company completed its annual impairment assessment and concluded there were no impairments to goodwill for any of the reporting units. As of December 31, 2022, and December 31, 2021, the Company’s other intangible assets and related accumulated amortization consisted of the following: 2022 2021 Weighted Avg. Life Gross Accumulated Amortization Net Gross Accumulated Amortization Net (in millions) Other intangible assets subject to amortization: Dealer networks 15 $ 291 $ 242 $ 49 $ 290 $ 231 $ 59 Patents, concessions, licenses and other 5-25 1,796 1,153 643 1,851 1,097 754 2,087 1,395 692 2,141 1,328 813 Other intangible assets not subject to amortization: In-process research and development 165 — 165 122 — 122 Trademarks 272 — 272 272 — 272 Total Other intangible assets $ 2,524 $ 1,395 $ 1,129 $ 2,535 $ 1,328 $ 1,207 During the fourth quarter of 2021, the Company recorded $0.5 billion in intangible assets based on the preliminary valuation for the Raven Industries, Inc. and Sampierana S.p.A. acquisitions. Measurement period adjustments were recorded in 2022 that decreased other intangible assets subject to amortization and increased other intangible assets not subject to amortization by $115 million and $43 million respectively, primarily related to updates of certain of the valuations for the Raven assets. CNH Industrial recorded amortization expense of $130 million, $85 million, and $72 million during 2022, 2021, and 2020, respectively.

Debt

Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Credit Facilities Lenders of committed credit facilities have the obligation to make advances up to the facility amount. Lenders of uncommitted facilities have the right to terminate the agreement with prior notice to CNH Industrial. At December 31, 2022, CNH Industrial’s available committed unsecured facilities expiring after twelve months amounted to $5.1 billion ($5.2 billion at December 31, 2021). In March 2019, CNH Industrial signed a five-year committed revolving credit facility for €4 billion ($4.5 billion at March 31, 2019 exchange rate) due to mature in 2024 with two extension options of 1-year each, exercisable on the first and second anniversary of the signing date. CNH Industrial exercised the first of the two extension options as of February 28, 2020 and the second extension option as of February 26, 2021. The facility is now due to mature in March 2026 for €3,950.5 million; €49.5 million within the facility will mature in March 2025. The credit facility replaced the existing five-year €1.75 billion credit facility due to mature in 2021. The €4 billion facility is guaranteed by the parent company with cross-guarantees from each of the borrowers (i.e., CNH Industrial Finance S.p.A., CNH Industrial Finance Europe S.A. and CNH Industrial Finance North America Inc.), includes typical provisions for contracts of this type and size, such as: customary covenants mainly relating to Industrial Activities including negative pledge, a status (or pari passu) covenant, restrictions on the incurrence of indebtedness by certain subsidiaries, customary events of default (some of which are subject to minimum thresholds and customary mitigants) including cross-default, failure to pay amounts due or to comply with certain provisions under the loan agreement, the occurrence of certain bankruptcy-related events and mandatory prepayment obligations upon a change in control of CNH Industrial or the borrower and a financial covenant (Net debt/EBITDA ratio relating to Industrial Activities) that is not applicable with the current ratings levels. The failure to comply with these provisions, in certain cases if not suitably remedied, can lead to the requirement to make early repayment of the outstanding advances. At December 31, 2022, the Company was in compliance with all covenants in the revolving credit facility. At December 31, 2022, Financial Services’ committed asset-backed facilities expiring after twelve months amounted to $2.9 billion ($3.9 billion at December 31, 2021 of which $3.0 billion excluding Iveco Group), of which $2.1 billion at December 31, 2022 ($2.8 billion at December 31, 2021 of which $2.0 billion excluding Iveco Group) were utilized. Debt A summary of issued bonds outstanding as of December 31, 2022, is as follows: Currency Face value of outstanding bonds (in millions) Coupon Maturity Outstanding amount Industrial Activities Euro Medium Term Notes: CNH Industrial Finance Europe S.A. (1) EUR 369 2.875 % May 17, 2023 393 CNH Industrial Finance Europe S.A. (1) EUR 750 0.000 % April 1, 2024 800 CNH Industrial Finance Europe S.A. (1) EUR 650 1.750 % September 12, 2025 694 CNH Industrial Finance Europe S.A. (1) EUR 100 3.500 % November 12, 2025 107 CNH Industrial Finance Europe S.A. (1) EUR 500 1.875 % January 19, 2026 533 CNH Industrial Finance Europe S.A. (1) EUR 600 1.750 % March 25, 2027 640 CNH Industrial Finance Europe S.A. (1) EUR 50 3.875 % April 21, 2028 53 CNH Industrial Finance Europe S.A. (1) EUR 500 1.625 % July 3, 2029 533 CNH Industrial Finance Europe S.A. (1) EUR 50 2.200 % July 15, 2039 53 Other Bonds: CNH Industrial N.V. (2) USD 600 4.500 % August 15, 2023 600 CNH Industrial N.V. (2) USD 500 3.850 % November 15, 2027 500 Hedging effects, bond premium/discount, and unamortized issuance costs (70) Total Industrial Activities 4,836 Financial Services CNH Industrial Capital LLC USD 600 1.950 % July 2, 2023 600 CNH Industrial Capital LLC USD 500 4.200 % January 15, 2024 500 CNH Industrial Capital LLC USD 500 3.950 % May 23, 2025 500 CNH Industrial Capital LLC USD 400 5.450 % October 14, 2025 400 CNH Industrial Capital LLC USD 500 1.875 % January 15, 2026 500 CNH Industrial Capital LLC USD 600 1.450 % July 15, 2026 600 CNH Industrial Capital Canada Ltd. CAD 300 1.500 % October 1, 2024 222 CNH Industrial Capital Australia Pty Limited AUD 250 1.750 % July 8, 2024 170 CNH Industrial Capital Argentina S.A. USD 31 0.000 % 2023/2025 31 Banco CNH Industrial Capital S.A. BRL 3,077 8.120% 15.350% 2023/2028 589 Hedging effects, bond premium/discount, and unamortized issuance costs (66) Total Financial Services 4,046 (1) Bond listed on the Irish Stock Exchange (2) Bond listed on the New York Stock Exchange A summary of total debt as of December 31, 2022 and 2021, is as follows: 2022 2021 (in millions) Industrial Activities Financial Services Total Industrial Activities Financial Services Total Total Bonds $ 4,836 $ 4,046 $ 8,882 $ 5,184 $ 3,280 $ 8,464 Asset-backed debt — 9,751 9,751 — 8,875 8,875 Other debt 73 4,256 4,329 151 3,407 3,558 Intersegment debt 63 888 — 150 181 — Total Debt $ 4,972 $ 18,941 $ 22,962 $ 5,485 $ 15,743 $ 20,897 Payables to Iveco Group 5 151 156 334 168 502 Total Debt (Including Payables to Iveco Group) $ 4,977 $ 19,092 $ 23,118 $ 5,819 $ 15,911 $ 21,399 The weighted-average interest rate on consolidated debt at December 31, 2022, and 2021 was 3.5% and 2.3%, respectively. In May 2021, CNH Industrial Capital LLC issued $600 million of 1.450% notes due in 2026 at an issue price of 99.208% of their principal amount. In July 2021, CNH Industrial Capital Australia Pty. Limited issued AUD200 million of 1.750% notes due in 2024 at an issue price of 99.863% of their principal amount. In September 2021, CNH Industrial Capital Australia Pty. Limited issued AUD50 million of 1.750% notes due in 2024 at an issue price of 101.069% of their principal amount. The issue is a private placement. In September 2021, CNH Industrial Capital Canada Ltd issued CAD 300 million of 1.500% notes due in 2024 at an issue price of 99.936% of their principal amount. In April 2022, Banco CNH Industrial Capital S.A. issued BRL 600 million of notes in two tranches: BRL 177 million at CDI + 0.90%, due in 2024 and BRL 423 million at CDI +1.10%, due in 2025. In May 2022, Banco CNH Industrial Capital S.A. issued BRL 350 million of notes at CDI +1.10%, due in 2025, through a private placement. In May 2022, CNH Industrial Capital LLC issued $500 million of 3.950% notes due in 2025 at an issue price of 99.469% of their principal amount. In September 2022, Banco CNH Industrial Capital S.A. issued BRL 700 million of notes in three tranches: BRL 268 million at CDI + 0.90%, due in 2024; BRL 193 million at CDI +1.05%, due in 2025 and BRL 239 million at CDI +1.30%, due in 2026. In October 2022, CNH Industrial Capital LLC issued $400 million of 5.450% notes due in 2025 at an issue price of 99.349% of their principal amount. In October 2022, CNH Industrial Capital Argentina S.A. issued $23 million of 0.000% notes due in 2025. This was a voluntary exchange offer for the outstanding USD-linked Series 1 notes issued in 2020 due August 2023. In November 2022, Banco CNH Industrial Capital S.A. issued BRL 22 million of notes at CDI + 1.05%, due in 2025, through a private placement. In December 2022, Banco CNH Industrial Capital S.A. issued BRL 190 million of notes at CDI + 0.85%, due in 2024, through a private placement. On January 4, 2022 Fitch Ratings raised its Long-Term Issuer Default Rating on CNH Industrial N.V. to ‘BBB+’ from ‘BBB-’. Fitch also upgraded CNH Industrial Finance Europe S.A.’s senior unsecured rating to ‘BBB+’ from ‘BBB-'. The Outlook is Stable. On January 7, 2022 Fitch has upgraded the Long-Term Issuer Default Ratings and senior unsecured debt ratings of CNH Industrial Capital LLC (CNHI Capital) and CNH Industrial Capital Canada Ltd. (CNH Canada) to 'BBB+' from 'BBB-'. The Rating Outlook is Stable. Fitch has also upgraded CNHI Capital's Short-Term IDR and commercial paper (CP) ratings to 'F2' from 'F3'. On February 25, 2022, Moody's Investors Service (Moody's) upgraded the senior unsecured ratings of CNH Industrial N.V. (CNHI) and its supported subsidiaries including CNH Industrial Capital LLC, CNH Industrial Finance Europe S.A. (CNHI Finance), CNH Industrial Capital Australia Pty. Limited and CNH Industrial Capital Canada Ltd. to Baa2 from Baa3. At the same time, Moody's withdrew CNHI Finance's short term rating of (P)P-3. The outlook is stable. The bonds issued by CNH Industrial may contain commitments of the issuer, and in certain cases commitments of CNH Industrial N.V. in its capacity as guarantor, which are typical of international practice for bond issues of this type such as, in particular, negative pledge (in relation to quoted indebtedness), a status (or pari passu) covenant and cross default clauses. A breach of these commitments can lead to the early repayment of the applicable notes. The bonds guaranteed by CNH Industrial N.V. under the Euro Medium Term Note Programme (and its predecessor the Global Medium Term Note Programme), as well as the notes issued by CNH Industrial N.V., contain clauses which could lead to early repayment if there is a change of control of CNH Industrial N.V. leading to a rating downgrading of CNH Industrial N.V. Other debt consists primarily of borrowings from banks which are at various terms and rates. Included in Other debt of Financial Services is approximately $1.2 billion and $1.1 billion at December 31, 2022 and 2021, respectively, of funding provided by the Brazilian development agency, Banco Nacional de Desenvolvimento Econômico e Social (BNDES). The program provides subsidized funding to financial institutions to be loaned to customers to support the purchase of agricultural or construction machinery or commercial equipment in accordance with the program. A summary of the minimum annual repayments of debt as of December 31, 2022, for 2023 and thereafter is as follows: Industrial Activities Financial Services Consolidated (in millions) 2023 $ 1,032 $ 8,556 $ 9,588 2024 800 3,539 4,339 2025 800 2,670 3,470 2026 533 2,133 2,666 2027 1,101 664 1,765 2028 and thereafter 643 491 1,134 Payables to Iveco Group 5 151 156 Intersegment 63 888 — Total $ 4,977 $ 19,092 $ 23,118

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes CNH Industrial N.V. and its subsidiaries have substantial worldwide operations and incur tax obligations in the jurisdictions in which they operate. The Company’s provision (benefit) for income taxes as reported in its consolidated statements of operations for the year ended December 31, 2022 of $747 million consists almost entirely of income taxes related to subsidiaries of CNH Industrial N.V. The sources of income before taxes and equity in income of unconsolidated subsidiaries and affiliates for the years ended December 31, 2022, 2021, and 2020 are as follows: 2022 2021 2020 (in millions) Parent country source $ 143 $ 161 $ (97) Foreign sources 2,539 1,778 (82) Income (loss) before taxes and equity in income of unconsolidated subsidiaries and affiliates $ 2,682 $ 1,939 $ (179) The provision for income taxes for the years ended December 31, 2022, 2021 and 2020 consisted of the following: 2022 2021 2020 (in millions) Current income taxes $ 819 $ 498 $ 185 Deferred income taxes (72) (269) (100) Total income tax provision (benefit) $ 747 $ 229 $ 85 CNH Industrial N.V. is incorporated in the Netherlands but is a tax resident of the United Kingdom ("U.K."). The reconciliation of the differences between the provision for income taxes and the statutory rate is presented based on the weighted average of the U.K. statutory corporation tax rates in force over each of the Company’s calendar year reporting periods of 19% in 2022, 2021, and 2020. Reconciliations of CNH Industrial’s income tax expense for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in millions) Tax provision at the parent statutory rate $ 510 $ 368 $ (34) Foreign income taxed at different rates 243 136 34 Change in valuation allowance (70) (207) 6 Tax contingencies 58 (18) (8) Tax credits and incentives (54) (79) (25) Goodwill impairment — — 111 Change in tax rate or law — (5) — Other 60 34 1 Total income tax provision (benefit) $ 747 $ 229 $ 85 The increased tax expense in 2022, as compared to 2021, was largely attributable to improved pre-tax results, increased profitability in high-tax jurisdictions, taxes associated with the disposition of Raven’s Engineered Films Division and Raven’s Aerostar Division, additional reserves for uncertain tax positions, and the addition of unrecognized deferred tax assets in jurisdictions with highly inflationary economies in 2022. Although these negative impacts in 2022 were partially offset by $55 million of benefits from the recognition of deferred tax assets in Italy, this impact was not as large as the $161 million in benefits from the recognition of deferred tax assets in Brazil in 2021. The 2021 rate was also reduced by a reduction in reserves for uncertain tax positions, and the utilization of unrecognized deferred tax assets. The tax expense in 2021 was higher than in 2020 due to higher earnings but resulted in a lower effective tax rate in 2021 primarily due to favorable differences in earnings mix and valuation allowance in 2021, and non-recurring non-deductible goodwill charges in 2020. Improved profitability in 2021 resulted in higher use of previously unrecognized tax assets in 2021 compared to 2020. At December 31, 2022, undistributed earnings in certain subsidiaries outside the U.K. totaled approximately $9 billion for which no deferred tax liability has been recorded because the remittance of earnings from those jurisdictions would incur no tax, or such earnings are indefinitely reinvested. The Company has determined the amount of unrecognized deferred tax liability relating to the $9 billion of undistributed earnings was approximately $109 million and was attributable to withholding taxes and incremental local country income taxes in certain jurisdictions. Further, the Company evaluated the undistributed earnings from joint ventures in which it owned 50% or less and recorded $13 million of deferred tax liabilities as of December 31, 2022. The repatriation of undistributed earnings from subsidiaries to the U.K. is generally exempt from U.K. income taxes and as such there is no deferred tax liability associated with undistributed earnings from non-UK jurisdictions. Deferred Income Tax Assets and Liabilities The components of net deferred tax assets as of December 31, 2022 and 2021 are as follows: 2022 2021 (in millions) Deferred tax assets: Warranty and campaigns $ 86 $ 84 Allowance for credit losses 108 83 Marketing and sales incentive programs 359 293 Other risk and future charges reserve 40 42 Pension, postretirement and postemployment benefits 87 146 Leasing liabilities 55 49 Research and development costs 139 27 Other reserves 251 335 Tax credits and loss carry forwards 266 388 Less: Valuation allowances (343) (438) Total deferred tax assets $ 1,048 $ 1,009 Deferred tax liabilities: Property, plant and equipment $ 370 $ 414 Intangibles 180 190 Inventories 70 92 Other 80 47 Total deferred tax liabilities 700 743 Net deferred tax assets $ 348 $ 266 Net deferred tax assets are reflected in the accompanying consolidated balance sheets as of December 31, 2022 and 2021 as follows: 2022 2021 (in millions) Deferred tax assets $ 433 $ 421 Deferred tax liabilities (85) (125) Other liabilities — (30) Net deferred tax assets $ 348 $ 266 Valuation Allowances As of December 31, 2022, the Company has valuation allowances of $343 million against certain deferred tax assets, including tax loss carry forwards, tax credits and other deferred tax assets. These valuation allowances are primarily attributable to certain operations in China, Germany, and the U.K. CNH Industrial has gross tax loss carry forwards in several tax jurisdictions. These tax losses expire as follows: $40 million in 2023; $33 million in 2024; $23 million in 2025; $17 million in 2026; $296 million in 2027 and beyond. CNH Industrial also has tax loss carry forwards of approximately $628 million with indefinite lives. CNH Industrial has tax credit carry forwards of $48 million which expire in 2026 and beyond. Uncertain Tax Positions The Company files income tax returns in multiple jurisdictions and is subject to examination by taxing authorities throughout the world. The Company has open tax years from 2009 to 2022. Due to the global nature of the Company’s business, transfer pricing disputes may arise, and the Company may seek correlative relief through the competent authority processes. The Company has considered the possibility of correlative relief when booking contingencies related to transfer pricing. A reconciliation of the gross amounts of tax contingencies at the beginning and end of the year is as follows: 2022 2021 (in millions) Balance, beginning of year $ 143 $ 179 Additions based on tax positions related to the current year 16 17 Additions for tax positions of prior years 35 9 Reductions for tax positions of prior years (16) (24) Reductions for tax positions as a result of lapse of statute (2) (1) Settlements (14) (37) Balance, end of year $ 162 $ 143 As of December 31, 2022, there are $153 million of unrecognized tax benefits that if recognized would affect the effective tax rate. The Company recognizes interest and penalties accrued related to tax contingencies as part of the income tax provision. During the years ended December 31, 2022, 2021 and 2020, the Company recognized expense of approximately $6 million, $(2) million and $4 million for income tax related interest and penalties, respectively. The Company had approximately $19 million, $13 million and $23 million of income tax related interest and penalties accrued at December 31, 2022, 2021 and 2020, respectively.

Employee Benefit Plans and Post

Employee Benefit Plans and Postretirement Benefits	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans and Postretirement Benefits	Employee Benefit Plans and Postretirement Benefits CNH Industrial provides pension, healthcare and insurance plans and other postemployment benefits to their employees and retirees under defined contribution and defined benefit plans. In the case of defined contribution plans, CNH Industrial makes contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. Once the contributions have been made, the Company has no further payment obligations. CNH Industrial recognizes the contribution cost when the employees have rendered their service and includes this cost by function in cost of goods sold, SG&A expense, and R&D expense. During the years ended December 31, 2022, 2021, and 2020, CNH Industrial recorded expense of $115 million, $97 million, and $88 million, respectively, for its defined contribution plans. Defined benefit plans are classified by CNH Industrial on the basis of the type of benefit provided as follows: pension plans, healthcare plans, and other postemployment benefit plans. Pension Plans Pension obligations primarily comprise the obligations of the Company’s pension plans in the U.S., the U.K., and Germany. Under these plans, contributions are made to a separate fund (trust) that independently administers the plan assets. The Company’s funding policy is to meet the minimum funding requirements pursuant to the laws of the applicable jurisdictions. The Company may also choose to make discretionary contributions. In 2020, CNH Industrial signed group annuity contracts to transfer the outstanding pension benefit obligations related to certain retirees and beneficiaries within the U.S. plans. In connection with these transactions, $550 million of plan obligations were transferred along with $550 million of plan assets. The Company also recognized a $125 million pre-tax non-cash settlement charge Healthcare Postretirement Benefit Plans Healthcare postretirement benefit plan obligations comprise obligations for healthcare and insurance plans granted to employees working in the U.S. and Canada. These plans generally cover employees retiring on or after reaching the age of 55 who have completed at least 10 years of employment. CNH Industrial U.S. salaried and non-represented hourly employees and Canadian employees hired after January 1, 2001 and January 1, 2002, respectively, are not eligible for postretirement healthcare and life insurance benefits under the CNH Industrial plans. These benefits may be subject to deductibles, co-payment provisions and other limitations, and CNH Industrial has reserved the right to change or terminate these benefits, subject to the provisions of any collective bargaining agreement. These plans are not required to be funded. However, beginning in 2007, the Company began making contributions on a voluntary basis to a separate and independently managed fund established to finance the North American healthcare plans. 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 CNH Industrial 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 was amortized from OCI to the income statement over approximately 4.5 years, which represents the average service period to attain eligibility conditions for active participants. For the years ended December 31, 2022, 2021 and 2020, $90 million, $119 million and $119 million of amortization was recorded as a pre-tax gain in Other, net, respectively. In 2021, CNH Industrial communicated plan changes for the US retiree medical plan. The plan changes resulted in a reduction of the plan liability by $100 million. This amount will be amortized from OCI to the income statement over approximately 4 years, which represents the average service period to attain eligibility conditions for active participants. For the year ended December 31, 2022 and December 31, 2021, $24 million and $6 million of amortization was recorded as a pre-tax gain in Other, net, respectively. Effective January 1, 2022, post-retirement medical coverage for certain US employees who retired prior to December 2004 was transitioned to an individual marketplace. In August 2022, the Company settled the benefits obligation related to RHRA benefits for this group. In connection with this transaction, $27 million of plan obligations and plan assets were transferred. The Company recognized a $3 million pre-tax non-cash settlement charge, primarily related to the accelerated recognition of actuarial losses. Other Postemployment Benefits Other postemployment benefits consist of obligations for Italian Employee Leaving Entitlements up to December 31, 2006, loyalty bonus in Italy and various other similar plans in France, Germany and Belgium. Until December 31, 2006, Italian companies with more than 50 employees were required to accrue for benefits paid to employees upon them leaving the Company. The scheme has since changed to a defined contribution plan. The obligation on the Company’s consolidated balance sheet represents the residual reserve for years until December 31, 2006. Loyalty bonus is accrued for employees who have reached certain service seniority and are generally settled when employees leave the Company. These plans are not required to be funded and, therefore, have no plan assets. Obligations and Funded Status The following summarizes data from CNH Industrial’s defined benefit pension, healthcare and other postemployment plans for the years ended December 31, 2022 and 2021: Pension Healthcare (1) Other (1) 2022 2021 2022 2021 2022 2021 (in millions) Change in benefit obligations: Beginning benefit obligation $ 1,843 $ 1,984 $ 281 $ 409 $ 113 $ 130 Service cost 11 13 4 4 5 6 Interest cost 27 19 6 6 1 1 Plan participants’ contributions 1 1 4 6 — — Actuarial loss (gain) (476) (56) (52) (19) (15) (1) Gross benefits paid (77) (75) (28) (36) (7) (9) Plan amendments — — (6) (100) — — Currency translation adjustments and other (2) (154) (43) (28) 11 (8) (14) Ending benefit obligation $ 1,175 $ 1,843 $ 181 $ 281 $ 89 $ 113 Change in the fair value of plan assets: Beginning plan assets 1,474 1,451 130 145 — — Actual return on plan assets (357) 65 (21) 9 — — Employer contributions 46 43 — — — — Plan participants’ contributions 1 1 — — — — Gross benefits paid (65) (61) (9) (9) — — Currency translation adjustments and other (2) (120) (25) (42) (15) — — Ending plan assets 979 1,474 58 130 — — Funded status: $ (196) $ (369) $ (123) $ (151) $ (89) $ (113) (1) The healthcare and other postemployment plans are not required to be prefunded. (2) Includes the impact of the transfer of the outstanding pension benefit obligations related to certain retirees and beneficiaries within the U.S. plans through group annuity contract purchases in 2021 and 2022. The following summarizes data from CNH Industrial’s defined benefit pension plans by significant geographical area for the years ended December 31, 2022 and 2021: U.S. U.K Germany (1) Other Countries (1) 2022 2021 2022 2021 2022 2021 2022 2021 (in millions) Change in benefit obligations: Beginning benefit obligation $ 174 $ 177 $ 1,288 $ 1,353 $ 157 $ 196 $ 224 $ 258 Service cost 3 3 — — — — 8 10 Interest cost 5 4 20 14 1 — 1 1 Plan participants’ contributions — — — — — — 1 1 Actuarial loss (gain) (51) (15) (360) (11) (29) (12) (36) (18) Gross benefits paid (3) 5 (48) (51) (11) (14) (15) (15) Plan amendments — — — — — — — — Currency translation adjustments and other (2) — — (130) (17) (10) (13) (14) (13) Ending benefit obligation $ 128 $ 174 $ 770 $ 1,288 $ 108 $ 157 $ 169 $ 224 Change in the fair value of plan assets: Beginning plan assets 205 204 1,057 1,029 4 5 208 213 Actual return on plan assets (43) (4) (292) 57 — — (22) 12 Employer contributions — — 39 35 — — 7 8 Plan participants’ contributions — — — — — — 1 1 Gross benefits paid (3) 5 (48) (51) — — (14) (15) Currency translation adjustments and other (2) — — (106) (13) — (1) (14) (11) Ending plan assets $ 159 $ 205 $ 650 $ 1,057 $ 4 $ 4 $ 166 $ 208 Funded status: $ 31 $ 31 $ (120) $ (231) $ (104) $ (153) $ (3) $ (16) (1) Pension benefits in Germany and some other countries are not required to be prefunded. (2) Includes the impact of the transfer of the outstanding pension benefit obligations related to certain retirees and beneficiaries within the U.S. plans through group annuity contract purchases in the fourth quarter of 2021. Net amounts recognized in the consolidated balance sheets as of December 31, 2022 and 2021 consist of: Pension Healthcare Other 2022 2021 2022 2021 2022 2021 (in millions) Other assets $ 41 $ 40 $ — $ — $ — $ — Pension, postretirement and other postemployment benefits (237) (409) (123) (151) (89) (113) Net liability recognized at end of year $ (196) $ (369) $ (123) $ (151) $ (89) $ (113) Pre-tax amounts recognized in accumulated other comprehensive loss as of December 31, 2022 consist of: Pension Healthcare Other (in millions) Unrecognized actuarial losses (gains) $ 359 $ 1 $ (11) Unrecognized prior service credit (2) (86) (7) Accumulated other comprehensive loss $ 357 $ (85) $ (18) The following table summarizes the aggregate pension accumulated benefit obligation and fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets: Pension 2022 2021 (in millions) Accumulated benefit obligation $ 888 $ 1,505 Fair value of plan assets $ 656 $ 1,102 The following table summarizes CNH Industrial’s pension and other postemployment plans with projected benefit obligations in excess of plan assets: Pension Healthcare Other 2022 2021 2022 2021 2022 2021 (in millions) Projected benefit obligation $ 969 $ 1,607 $ 181 $ 281 $ 89 $ 113 Fair value of plan assets $ 733 $ 1,198 $ 58 $ 130 $ — $ — The total accumulated benefit obligation for pension was $1,156 million and $1,826 million as of December 31, 2022 and 2021, respectively. Net Periodic Benefit Cost The following summarizes the components of net periodic benefit cost of CNH Industrial’s defined benefit for the years ended December 31, 2022, 2021, and 2020: Pension Healthcare Other 2022 2021 2020 2022 2021 2020 2022 2021 2020 (in millions) Service cost $ 11 $ 13 $ 14 $ 4 $ 4 $ 4 $ 5 $ 6 $ 6 Interest cost 27 19 39 6 6 10 1 1 1 Expected return on assets (47) (53) (69) (5) (7) (7) — — — Amortization of: Prior service cost (credit) — — — (126) (136) (130) — — (1) Actuarial loss (gain) 19 25 34 1 3 2 (2) 2 1 Settlement loss and other (3) — 125 3 — — 1 2 2 Net periodic benefit cost (credit) $ 7 $ 4 $ 143 $ (117) $ (130) $ (121) $ 5 $ 11 $ 9 Net periodic benefit cost recognized in net income and other changes in plan assets and benefit obligations that are recognized in other comprehensive loss during 2022 consist of: Pension Healthcare Other (in millions) Net periodic benefit cost $ 7 $ (117) $ 5 Benefit adjustments included in other comprehensive (income) loss: Net actuarial losses (gains) (19) (1) 1 Amortization of actuarial losses (70) (29) (16) Amortization of prior service (cost) credit — 120 — Currency translation adjustments and other (46) — 1 Total recognized in other comprehensive (income) loss (135) 90 (14) Total recognized in comprehensive loss $ (128) $ (27) $ (9) Assumptions The following assumptions were utilized in determining the funded status at December 31, 2022 and 2021, and the net periodic benefit cost of CNH Industrial’s defined benefit plans for the years ended December 31, 2022, 2021, and 2020: Pension plans Healthcare plans Other (in %) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Assumptions used to determine funded status at December 31 Weighted-average discount rate 4.64 1.79 1.25 5.28 2.59 2.16 4.11 1.12 0.59 Weighted-average rate of compensation increase 3.03 2.41 2.26 4.00 4.00 n/a 3.19 2.33 2.08 Weighted-average, initial healthcare cost trend rate n/a n/a n/a 5.12 4.18 4.39 n/a n/a n/a Weighted-average, ultimate healthcare cost trend rate(*) n/a n/a n/a 4.00 3.58 3.95 n/a n/a n/a Assumptions used to determine expense Weighted-average discount rates - service cost 1.32 0.94 1.39 3.15 2.57 3.27 1.36 0.77 0.92 Weighted-average discount rates - interest cost 1.59 0.98 1.81 2.87 1.55 2.62 0.99 0.47 0.61 Weighted-average rate of compensation increase 2.41 2.26 3.24 4.00 n/a n/a 2.33 2.08 2.14 Weighted-average long-term rates of return on plan assets 3.42 3.71 4.08 4.76 4.85 5.00 n/a n/a n/a Weighted-average, initial healthcare cost trend rate n/a n/a n/a 4.18 4.39 4.68 n/a n/a n/a Weighted-average, ultimate healthcare cost trend rate(*) n/a n/a n/a 3.58 3.95 4.20 n/a n/a n/a (*) CNH Industrial expects to achieve the ultimate healthcare cost trend rate in 2029 for U.S. plans. A flat trend rate assumption is utilized for the Canada plans. Assumed discount rates are used in measurements of pension, healthcare and other postemployment benefit obligations and interest cost components of net periodic cost. CNH Industrial selects its assumed discount rates based on the consideration of equivalent yields on high-quality fixed income investments at the measurement date. The assumed discount rate is used to discount future benefit obligations back to today’s dollars. The discount rates for the U.S., European, U.K. and Canadian obligations are based on a benefit cash flow-matching approach and represent the rates at which the benefit obligations could effectively be settled as of the measurement date, December 31. The benefit cash flow-matching approach involves analyzing CNH Industrial’s projected cash flows against a high quality bond yield curve, mainly calculated using a wide population of AA-grade corporate bonds subject to minimum amounts outstanding and meeting other defined selection criteria. The discount rates for the Company’s remaining obligations are based on benchmark yield data of high-quality fixed income investments for which the timing and amounts of payments approximate the timing and amounts of projected benefit payments. The expected long-term rate of return on plan assets reflects management’s expectations on long-term average rates of return on funds invested to provide for benefits included in the projected benefit obligations. The expected return is based on the outlook for inflation, fixed income returns and equity returns while also considering asset allocation and investment strategy, premiums for active management to the extent asset classes are actively managed, and plan expenses. Return patterns and correlations, consensus return forecasts, and other relevant financial factors are analyzed to check for reasonability and appropriateness. The assumed healthcare trend rate represents the rate at which healthcare costs are assumed to increase. Rates are determined based on company-specific experience, consultation with actuaries and outside consultants, and various trend factors including general and healthcare sector-specific inflation projections from the United States Department of Health and Human Services Healthcare Financing Administration. The initial trend is a short-term assumption based on recent experience and prevailing market conditions. The ultimate trend is a long-term assumption of healthcare cost inflation based on general inflation, incremental medical inflation, technology, new medicine, government cost-shifting, utilization changes, an aging population, and a changing mix of medical services. CNH Industrial annually reviews the mortality assumptions and demographic characteristics of its U.S. pension plan and healthcare plan participants. In 2020, the Company adopted the no-collar variant of the Pri-2012 base table for the US pension plans subsequent to the settlement of a portion of the outstanding pension obligation through purchase of annuity contracts. Additionally, the Company adopted the updated mortality improvement scale issued by the SOA ("MP-2020"). The adoption of the new mortality assumptions resulted in a total decrease of $7.8 million to the Company’s benefit obligations at December 31, 2020, of which $8.6 million and $(0.8) million were related to pension plans and healthcare plans, respectively. In 2021, the Company adopted the updated mortality improvement scale issued by the SOA ("MP-2021"). The adoption of the new mortality assumptions resulted in a total increase of $1.3 million to the Company’s benefit obligations at December 31, 2021, of which $0.5 million and $0.8 million were related to pension plans and healthcare plans, respectively. The Company did not change its mortality assumptions in 2022 because the MP-2021 mortality improvement scale continues to be the most current. The Company uses the spot yield curve approach to estimate the service and interest cost components of the net periodic pension and other postretirement benefit costs by applying the specific spot rates along the yield curve used to determine the benefit obligations to relevant projected cash outflows. Plan Assets The investment strategy for the plan assets depends on the features of the plan and on the maturity of the obligations. Typically, less mature plan benefit obligations are funded by using more equity securities as they are expected to achieve long-term growth exceeding the rate of inflation. More mature plan benefit obligations are funded using more fixed income securities as they are expected to produce current income with limited volatility. Risk management practices include the use of multiple asset classes and investment managers within each asset class for diversification purposes. Specific guidelines for each asset class and investment manager are implemented and monitored. Weighted average target asset allocation for all plans for 2022 are as follows: All Plans Asset category: Equity securities 8 % Debt securities 49 % Cash/Other 43 % CNH Industrial determines the fair value of plan assets using observable market data obtained from independent sources when available. CNH Industrial classifies its plan assets according to the 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. The following summarizes the fair value of plan assets by asset category and level within the fair value hierarchy as of December 31, 2022: Total Level 1 Level 2 Level 3 (in millions) Equity securities: U.S. equities $ — $ — $ — $ — Non-U.S. equities — — — — Total Equity securities — — — — Fixed income securities: U.S. government bonds 7 6 1 — U.S. corporate bonds 20 15 5 — Non-U.S. government bonds 29 7 22 — Non-U.S. corporate bonds 13 — 13 — Mortgage backed securities 3 — 3 — Other fixed income 3 — 3 — Total Fixed income securities 75 28 47 — Other types of investments: Mutual funds (A) 901 — 901 — Insurance contracts 40 — — 40 Derivatives—credit contracts — — — — Real estate — — — — Total Other types of investments 941 — 901 40 Cash: 21 6 15 — Total $ 1,037 $ 34 $ 963 $ 40 (A) This category includes mutual funds, which primarily invest in non-U.S. equities and non-U.S. corporate bonds. The following table presents the changes in the Level 3 plan assets for the year ended December 31, 2022: Insurance Contracts (in millions) Balance at December 31, 2021 $ 45 Actual return on plan assets relating to assets still held at reporting date (1) Purchases 4 Settlements (7) Transfers in and/or out of level 3 — Currency impact (1) Balance at December 31, 2022 $ 40 The following summarizes the fair value of plan assets by asset category and level within the fair value hierarchy as of December 31, 2021: Total Level 1 Level 2 Level 3 (in millions) Equity securities: U.S. equities $ — $ — $ — $ — Non-U.S. equities — — — — Total Equity securities — — — — Fixed income securities: U.S. government bonds 72 72 — — U.S. corporate bonds 7 — 7 — Non-U.S. government bonds 40 9 31 — Non-U.S. corporate bonds 18 — 18 — Mortgage backed securities — — — — Other fixed income — — — — Total Fixed income securities 137 81 56 — Other types of investments: Mutual funds (A) 1,387 — 1,387 — Insurance contracts 45 — — 45 Derivatives—credit contracts — — — — Real estate — — — — Total Other types of investments 1,432 — 1,387 45 Cash: 35 15 20 — Total $ 1,604 $ 96 $ 1,463 $ 45 (A) This category includes mutual funds, which primarily invest in non-U.S. equities and non-U.S. corporate bonds. The following table presents the changes in the Level 3 plan assets for the year ended December 31, 2021: Insurance Contracts (in millions) Balance at December 31, 2020 $ 48 Actual return on plan assets relating to assets still held at reporting date — Purchases 4 Settlements (5) Transfers in and/or out of Level 3 — Currency impact (2) Balance at December 31, 2021 $ 45 Contributions CNH Industrial expects to contribute (including through direct benefit payments) approximately $48 million to its pension plans, $15 million to its healthcare plans and $7 million to its other postemployment plans in 2023. The benefit expected to be paid from the benefit plans, which reflect expected future years of service, and the Medicare subsidy expected to be received are as follows: Pension Plans Healthcare Other (in millions) 2023 $ 73 $ 19 $ 7 2024 70 18 8 2025 73 18 8 2026 74 17 8 2027 84 17 8 2028 - 2032 402 84 43 Total $ 776 $ 173 $ 82

Other Liabilities

Other Liabilities	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Other Liabilities	Other Liabilities A summary of “Other liabilities” as of December 31, 2022 and 2021 is as follows: 2022 2021 (in millions) Warranty and campaign programs 544 526 Marketing and sales incentive programs 1,556 1,325 Tax payables 506 671 Accrued expenses and deferred income 700 559 Accrued employee benefits 535 546 Lease liabilities 228 196 Legal reserves and other provisions 263 187 Contract reserve 16 12 Contract liabilities 33 20 Restructuring reserve 30 29 Other 436 692 Total $ 4,847 $ 4,763 Warranty and Campaign Program As described in “Note 2: Summary of Significant Accounting Policies,” CNH Industrial pays for basic warranty and other service action costs. A summary of recorded activity for the basic warranty and campaign program accrual for the years ended December 31, 2022 and 2021 are as follows: 2022 2021 (in millions) Balance, beginning of year $ 526 $ 507 Current year additions 475 417 Claims paid (440) (382) Currency translation adjustment and other (17) (16) Balance, end of year $ 544 $ 526 Restructuring Provision The Company incurred restructuring costs of $31 million, $35 million, and $22 million for the years ended December 31, 2022, 2021, and 2020, respectively. These costs were as follows: • In 2022, Agriculture and Construction recorded $21 million and $10 million, respectively. • In 2021, Agriculture and Construction recorded $20 million and $15 million, respectively. • In 2020, Agriculture and Construction recorded $13 million and $9 million, respectively The following table sets forth restructuring activity for the years ended December 31, 2022, 2021 and 2020: Severance and Other Employee Costs Facility Related Costs Other Restructuring Total (in millions) Balance at January 1, 2020 $ 40 $ 28 $ (7) $ 61 Restructuring charges 17 3 2 22 Reserves utilized: cash (47) (8) (2) (57) Reserves utilized: non-cash (3) — 3 — Currency translation adjustments (2) (5) 7 — Balance at December 31, 2020 $ 5 $ 18 $ 3 $ 26 Restructuring charges 34 — 1 35 Reserves utilized: cash (30) (1) (1) (32) Reserves utilized: non-cash 8 (6) (2) — Currency translation adjustments — — — — Balance at December 31, 2021 $ 17 $ 11 $ 1 $ 29 Restructuring charges 23 4 4 31 Reserves utilized: cash (12) (3) (3) (18) Reserves utilized: non-cash (2) (9) — (11) Currency translation adjustments (1) — — (1) Balance at December 31, 2022 $ 25 $ 3 $ 2 $ 30

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies As a global company with a diverse business portfolio, CNH Industrial in the ordinary course of business is exposed to numerous legal risks, including, without limitation, 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, competition law and other investigations and environmental claims. 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 fines 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 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 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 because 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 December 31, 2022 and 2021, environmental reserves of approximately $25 million and $29 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: in 2011 Iveco S.p.A. ("Iveco"), which, following the Demerger, is now part of Iveco Group N.V., and its competitors in the European Union were subject to an investigation by the European Commission (the “Commission”) into certain business practices in the European Union (in the period 1997-2011) in relation to Medium & Heavy trucks. On July 19, 2016, the Commission announced a settlement with Iveco ("the Decision"). Following the Decision, the Company, Iveco and Iveco Magirus AG ("IMAG") have been named as defendants in proceedings across Europe. The consummation of the Demerger will not allow CNH Industrial to be excluded from current and future follow on proceedings originating from the Decision because under EU competition law a company cannot use corporate reorganizations to avoid liability for private damage claims. In the event one or more of these judicial proceedings would result in a decision against CNH Industrial ordering it to compensate such claimants as a result of the conduct that was the subject matter of the Decision, and Iveco and IMAG do not comply with such decisions, as a result of various intercompany arrangements, then CNH Industrial will ultimately have recourse against Iveco and IMAG for the reimbursement of the damages effectively paid to such claimants. The extent and outcome of these claims cannot be predicted at this time. The Company believes that the risk of either Iveco or IMAG or Iveco Group defaulting on potential payment obligations arising from such follow-up on damage claims is remote. FPT Emissions Investigation: on July 22, 2020, a number of FPT Industrial S.p.A.'s offices in Europe were visited by investigators in the context of a request for assistance by the public prosecutors of Frankfurt am Main, Germany and Turin, Italy in relation to alleged noncompliance of two engine models produced by FPT Industrial S.p.A., which is a wholly-controlled subsidiary Iveco Group N.V., installed in certain Ducato (a vehicle distributed by Stellantis N.V.) and Iveco Daily vehicles. In certain instances CNH Industrial and other third parties have also received various requests for compensation by German and Austrian customers on various contractual and tort grounds, including requests for damages resulting from the termination of the purchase contracts, or in the form of requests for an alleged lower residual value of their vehicles as a consequence of the alleged non-compliance with other approval regulations regarding emissions. In certain instances, other customers have brought judicial claims on the same legal and factual bases. While the Company had no role in the design and sale of such engine models and vehicles, the Company cannot predict at this time the extent and outcome of these requests and directly or indirectly related legal proceedings, including customer claims or potential class actions alleging emissions non-compliance. The Company believes that the risk of either FPT Industrial or Iveco Group N.V. defaulting on potential payment obligations arising from such proceedings is remote. Commitments CNH Industrial has entered operating lease contracts for the right to use industrial buildings and equipment and other assets. Refer to Note 8 for future minimum lease payments under non-cancellable lease contracts. At December 31, 2022, Financial Services has various agreements to extend credit for the following financing arrangements: Facility Total Credit Limit Utilized Not Utilized (in millions) Wholesale and dealer financing $ 6,818 $ 3,572 $ 3,246 Revolving charge accounts 2,456 209 2,247 Guarantees

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2022
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 did not elect 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 as Level 1. In some cases where a market price is not available, the Company will make use of observable market-based inputs to calculate fair value, in which case the items are classified as 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 as 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 derivatives 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 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. The maturity of these instruments does not exceed 24 months and the after-tax gains (losses) deferred in accumulated other comprehensive income (loss) that will be recognized in net sales and cost of goods sold over the next twelve months assuming foreign exchange rates remain unchanged is approximately $(17) million. 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 $5.9 billion and $8.2 billion at December 31, 2022 and 2021, 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. The after-tax gains (losses) deferred in accumulated other comprehensive income (loss) that will be recognized in interest expense over the next twelve months is insignificant. 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. These facilities require CNH Industrial to enter into interest rate derivatives. To ensure that these transactions do not result in the Company being exposed to this risk, CNH Industrial enters into a compensating position. Net gains and losses on these instruments were insignificant for the years ending December 31, 2022, 2021, and 2020. All of CNH Industrial’s interest rate derivatives outstanding as of December 31, 2022 and 2021 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 $6.4 billion and $6.4 billion at December 31, 2022 and 2021, respectively. As a result of the reform and replacement of specific benchmark interest rates, uncertainty remains regarding the timing and exact nature of those changes. At December 31, 2022, the notional amount of hedging instruments that could be affected by the reform of benchmark interest rates is $1.2 billion. 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 on accumulated other comprehensive income (loss) and net income during the year ended December 31, 2022, December 31, 2021, and December 31, 2020 (in millions): Recognized in Net Income For the Year Ended December 31, Gain (Loss) Recognized in Accumulated Other Comprehensive Income Classification of Gain (Loss) Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income 2022 Foreign exchange contracts $ (191) Net sales $ (1) Cost of goods sold (219) Other, net 3 Interest expense, net 30 Interest rate contracts 59 Total $ (132) $ (187) 2021 Foreign exchange contracts $ (57) Net sales $ 2 Cost of goods sold (11) Other, net (4) Interest expense, net 3 Interest rate contracts 49 Total $ (8) $ (10) 2020 Foreign exchange contracts $ 96 Net sales $ (7) Cost of goods sold 31 Other, net 6 Interest expense, net (5) Interest rate contracts (14) Total $ 82 $ 25 The following table summarizes the activity in accumulated other comprehensive income related to the derivatives held by the Company during the years ended December 31, 2022, December 31, 2021, and December 31, 2020: (in millions) Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2021 $ (3) $ (14) $ (17) Impact of demerger 19 — 19 Net changes in fair value of derivatives (132) 4 (128) Net losses reclassified from accumulated other comprehensive income into income 187 (17) 170 Accumulated derivative net losses as of December 31, 2022 $ 71 $ (27) $ 44 (in millions) Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2020 $ (5) $ (1) $ (6) Net changes in fair value of derivatives (8) (12) (20) Net losses reclassified from accumulated other comprehensive income into income 10 (1) 9 Accumulated derivative net losses as of December 31, 2021 $ (3) $ (14) $ (17) (in millions) Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2019 $ (62) $ 8 $ (54) Net changes in fair value of derivatives 82 (8) 74 Net losses reclassified from accumulated other comprehensive income into income (25) (1) (26) Accumulated derivative net losses as of December 31, 2020 $ (5) $ (1) $ (6) The following tables summarize the impact of the changes in the fair value of fair value hedges and derivatives not designated as hedging instruments had on earnings for the year ended December 31, 2022, December 31, 2021, and December 31, 2020: For the Year Ended December 31, (in millions) Classification of Gain 2022 2021 2020 Fair Value Hedges Interest rate derivatives Interest expense $ (104) $ (47) $ 31 Not Designated as Hedges Foreign exchange contracts Other, Net $ (16) $ (11) $ 86 The fair values of CNH Industrial’s derivatives as of December 31, 2022 and December 31, 2021 in the consolidated balance sheets are recorded as follows: December 31, 2022 December 31, 2021 (in millions of dollars) Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments under Subtopic 815-20 Interest rate contracts Derivative assets 77 Derivative assets 65 Foreign currency contracts Derivative assets 70 Derivative assets 77 Total derivative assets designated as hedging instruments 147 142 Interest rate contracts Derivative liabilities 106 Derivative liabilities 28 Foreign currency contracts Derivative liabilities 56 Derivative liabilities 101 Total derivative liabilities designated as hedging instruments 162 129 Derivatives not designated as hedging instruments under Subtopic 815-20 Interest rate contracts Derivative assets 28 Derivative assets 11 Foreign currency contracts Derivative assets 14 Derivative assets 29 Total derivative assets not designated as hedging instruments 42 40 Interest rate contracts Derivative liabilities 28 Derivative liabilities 12 Foreign currency contracts Derivative liabilities 14 Derivative liabilities 40 Total derivative liabilities not designated as hedging instruments 42 52 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 December 31, 2022 and December 31, 2021: Level 1 Level 2 Total December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 (in millions) Assets Foreign exchange derivatives $ — $ — $ 84 $ 106 $ 84 $ 106 Interest rate derivatives — — 105 76 105 76 Total Assets $ — $ — $ 189 $ 182 $ 189 $ 182 Liabilities Foreign exchange derivatives $ — $ — $ 70 $ 141 $ 70 $ 141 Interest rate derivatives — — 134 40 134 40 Total Liabilities $ — $ — $ 204 $ 181 $ 204 $ 181 Items Measured at Fair Value on a Non-Recurring Basis The Company recorded fixed asset write-downs of $17 million related to the suspension of operations in Russia during 2022. The following tables present the fair value for nonrecurring Level 3 measurements from impairments as of December 31, 2022 and 2021: Fair Value Losses 2022 2021 2022 2021 (in millions) Property, plant and equipment $ 7 $ — $ 17 $ — The following is a description of the valuation methodologies the Company uses to non-monetary assets at fair value: Property, plant, and equipment, net: The impairments are measured at the lower of the carrying amount, or fair value. The valuations were based on a cost approach. The inputs include replacement cost estimates adjusted for physical deterioration and economic obsolescence. 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 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 consolidated balance sheets as of December 31, 2022 and 2021 are as follows: December 31, 2022 December 31, 2021 Carrying Fair Carrying Fair (in millions) Financing receivables $19,260 $18,827 $15,376 $15,605 Debt $22,962 $22,651 $20,897 $21,091 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.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity The Articles of Association of CNH Industrial N.V. provide for authorized share capital of €40 million, divided into 2 billion common shares and 2 billion special voting shares to be held with associated common shares, each with a per share par value of €0.01. As of December 31, 2022, the Company’s share capital was €18 million (equivalent to $25 million), fully paid-in, and consisted of 1,364,400,196 common shares (1,344,240,971 common shares outstanding and 20,159,225 common shares held in treasury by the Company as described in the following section) and 396,474,276 special voting shares (371,072,953 special voting shares outstanding, net of 25,401,323 special voting shares held in treasury by the Company as described in the section below). Changes in the composition of the share capital of CNH Industrial during 2022, 2021, and 2020 are as follows: (number of shares) CNH Industrial N.V. Common Shares CNH Industrial N.V. Loyalty Program Special Voting Shares Total CNH Industrial N.V. Shares Total CNH Industrial N.V. shares at December 31, 2019 1,350,132,117 387,951,166 1,738,083,283 Capital increase 3,778,354 — 3,778,354 Common Stock Repurchase — — — Retirement of special voting shares — (16,623,012) (16,623,012) Total CNH Industrial N.V. shares at December 31, 2020 1,353,910,471 371,328,154 1,725,238,625 Capital increase 2,166,529 — 2,166,529 Common stock repurchases — — — Retirement of special voting shares — (109,904) (109,904) Total CNH Industrial N.V. shares at December 31, 2021 1,356,077,000 371,218,250 1,727,295,250 Capital increase 554,023 — 554,023 Common stock repurchases (12,390,052) — (12,390,052) Retirement of special voting shares — (145,297) (145,297) Total CNH Industrial N.V. shares at December 31, 2022 1,344,240,971 371,072,953 1,715,313,924 During the year ended December 31, 2022 and 2021, 0.1 million and 0.1 million special voting shares, respectively, were acquired for no consideration by the Company following the de-registration of the corresponding number of qualifying common shares from the Loyalty Register, net of transfer and allocation of special voting shares in accordance with the Special Voting Shares – Terms and Conditions. Furthermore, during the years ended December 31, 2022 and 2021, the Company delivered 0.6 million and 2.2 million common shares, respectively, under the Company’s stock compensation plan, primarily due to the vesting or exercise of share-based awards. See “Note 17: Share-Based Compensation” for further discussion. Loyalty Voting Program In order to reward long-term ownership of the Company’s common shares and promote stability of its shareholder base, the Articles of Association of CNH Industrial N.V. provide for a loyalty voting program that grants eligible long-term shareholders the equivalent of two votes for each CNH Industrial N.V. common share that they hold. This has been accomplished through the issuance of special voting shares. A shareholder may at any time elect to participate in the loyalty voting program by requesting the registration of all or some of the common shares held by such shareholder in a separate register (the “Loyalty Register”) of the Company. If such common shares have been registered in the Loyalty Register for an uninterrupted period of three years in the name of the same shareholder, such shares will become “Qualifying Common Shares” and the relevant shareholder will be entitled to receive one special voting share for each such Qualifying Common Share which can be retained only for so long as the shareholder retains the associated common share and registers it in the Loyalty Register. Shareholders are not required to pay any amount to the Company in connection with the allocation of the special voting shares. The common shares are freely transferable, while, special voting shares are transferable exclusively in limited circumstances and they are not listed on the NYSE or the Euronext Milan. In particular, at any time, a holder of common shares that are Qualifying Common Shares who wants to transfer such common shares other than in limited specified circumstances (e.g., transfers to affiliates or relatives through succession, donation or other transfers) must request a de-registration of such Qualifying Common Shares from the Loyalty Register. After de-registration from the Loyalty Register, such common shares no longer qualify as Qualifying Common Shares and, as a result, the holder of such common shares is required to transfer the special voting shares associated with the transferred common shares to the Company for no consideration. The special voting shares have minimal economic entitlements as the purpose of the special voting shares is to grant long-term shareholders with an extra voting right by means of granting an additional special voting share, without granting such shareholders with any additional economic rights. However, as a matter of Dutch law, such special voting shares cannot be fully excluded from economic entitlements. Therefore, the Articles of Association provide that only a minimal dividend accrues to the special voting shares, which is not distributed, but allocated to a separate special dividend reserve. The impact of this special dividend reserve on the earnings per share of the common shares is not material. Treasury Shares In order to maintain the necessary operating flexibility over an adequate time period, including the implementation of the program in place, on April 13, 2022, the Annual General Meeting ("AGM") granted to the Board of Directors the authority to acquire common shares in the capital of the Company through stock exchange trading on the Euronext Milan and the NYSE or otherwise for a period of 18 months (i.e., up to and including October 12, 2023). Under such authorization the Board's authority is limited to a maximum of up to 10% of the issued common shares as of the date of the AGM and, in compliance with applicable rules and regulations, subject to a maximum price per common share equal to the average of the highest price on each of the five trading days prior to the date of acquisition, as shown in the Official Price List of the Euronext Milan or NYSE (as the case may be) plus 10% (maximum price) and to a minimum price per common share equal to the average of the lowest price on each of the five trading days prior to the date of acquisition, as shown in the Official Price List of the Euronext Milan or NYSE (as the case may be) minus 10% (minimum price). Neither the renewal of the authorization, nor the launch of any program obliges the Company to buy-back any common shares. The launch of any new program will be subject to a further resolution of the Board of Director. In any event, such programs may be suspended, discontinued or modified at any time for any reason and without previous notice, in accordance with applicable laws and regulations. During the year ended December 31, 2022, the Company repurchased 12.4 million shares of its common stock on the Euronext Milan and on multilateral trading facilities ("MTFs") under the buy-back program. As of December 31, 2022, the Company held 20.2 million common shares in treasury, net of transfers of common shares to fulfill its obligations under its stock compensation plans, at an aggregate cost of $227 million. Depending on market and business conditions and other factors, the Company may continue or suspend purchasing its common stock at any time without notice. During the year ended December 31, 2022, the Company acquired, for no consideration, approximately 0.1 million special voting shares following the de-registration of qualifying common shares from the Loyalty Register, net of the transfer and allocation of special voting shares to those shareholders whose qualifying common shares became eligible to receive special voting shares after the uninterrupted three-year registration period in the Loyalty Register. As of December 31, 2022, the Company held 25.4 million special voting shares in treasury. Dividend On February 2, 2023, CNH Industrial announced that its Board of Directors intends to recommend and propose to the Company’s shareholders a dividend of €0.36 per common share, totaling approximately €483 million (equivalent to approximately $511 million) subject to the approval of the Company's shareholders. On March 3, 2022 the Board of Directors of CNH Industrial N.V. recommended and proposed to the Company’s shareholders that the Company declare a dividend of €0.28 per common share, totaling approximately €380 million (equivalent to approximately $412 million, translated at the exchange rate reported by the European Central Bank on April 20, 2022). The proposal was approved by the Company’s shareholders at the AGM that was held on April 13, 2022. The Company shall only have power to make distributions to shareholders and other persons entitled to distributable profits to the extent the Company’s equity exceeds the sum of the paid-up portion of the share capital and the reserves that must be maintained in accordance with provision of law. No distribution of profits may be made to the Company itself for shares that the Company holds in its own share capital.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation For the years ended December 31, 2022, 2021, and 2020 CNH Industrial recognized total share-based compensation expense of $87 million, $78 million, and $30 million respectively. For the years ended December 31, 2022, 2021 and 2020, CNH Industrial recognized a total tax benefit relating to share-based compensation expense of $11 million, $6 million and $3 million, respectively. As of December 31, 2022, CNH Industrial had unrecognized share-based compensation expense related to non-vested awards of approximately $142 million based on current assumptions related to achievement of specified performance objectives and period of service, when applicable. Unrecognized share-based compensation costs will be recognized over a weighted-average period of 1.6 years. CNH Industrial’s equity awards are governed by the CNH Industrial N.V. Equity Incentive Plan (“CNH Industrial EIP”) and CNH Industrial N.V. Directors’ Compensation Plan (“CNH Industrial DCP”). At the AGM held on April 16, 2014, the Company’s shareholders approved the adoption of the CNH Industrial EIP, an umbrella program defining the terms and conditions for any subsequent long-term incentive program. The EIP allows grants of the following specific types of equity awards to any current or prospective executive director, officer, employee of, or service provider to, CNH Industrial: stock options, stock appreciation rights, restricted share units, restricted stock, performance shares or performance share units and other stock-based awards that are payable in cash, common shares or any combination thereof subject to the terms and conditions established by the Compensation Committee. In February 2020, the Board of Directors approved the issuance of up to 50 million common shares under the EIP. At the AGM on April 16, 2020, the Company's shareholders approved the issuance of up to 7 million common shares to executive directors under the 2021-2023 Long-Term Incentive Plan (described below) in accordance with and under the EIP. As part of the Demerger, any awards outstanding under the CNH Industrial EIP, and held by directors, officers and other employees vesting in 2022 were accelerated in December 2021 and the related equity incentives were issued by CNH Industrial in CNH Industrial stock. As a result of the Demerger, remaining outstanding awards vesting in 2023 and 2024 were converted to the entity the participant is employed with post spin. As such, for Iveco Group employees, the underlying stock awards under the CNH Industrial EIP vesting in 2023 and 2024 were converted at the effective date of the Demerger, subject to its terms, to Common Shares of Iveco Group N.V. The conversion of the CNH Industrial EIP includes appropriate adjustment mechanisms to ensure that the value of the unvested awards granted to all the beneficiaries under such plan remain unchanged pre and post demerger for employees in both the Iveco Group N.V. and CNH Industrial N.V. Performance Share Units 2021-2023 Long-Term Incentive Plan In February 2020, the Board of Directors approved the 2021-2023 Long-Term Incentive Plan under the EIP. In December 2020, CNH Industrial issued a new grant of PSUs to its key executive officers and select employees with the financial performance goals covering a three-year period culminating with a cliff vest date of February 28, 2024. Two internal financial metrics, Industrial ROIC (the ratio of Adjusted EBIT (after-tax) over Average Industrial Invested Capital) and Adjusted EPS (the net income (loss) excluding any nonrecurring items (after-tax), divided by the weighted average outstanding number of common shares on a fully diluted basis), weighted 50% each, and a multiplier-based on CNH Industrial’s percentile ranking of Total Shareholder Return among a comparator group, will determine the total PSUs earned. The internal financial metrics have a payout factor of up to 200% and the market based TSR determinant has a payout factor of 125%. These metrics are considered performance vesting conditions. As such, compensation cost will be accrued based on whether it is considered probable that the performance conditions will be satisfied. The fair value of the PSU awards issued under this plan will be calculated by using the CNH Industrial N.V. stock price on the grant date adjusted for the present value of future dividends that would not be received during the vesting period. As of December 31, 2020, CNH Industrial issued 5 million PSUs. The total number of shares that will eventually vest may vary from the original estimate due to forfeiture or the level of achievement of the performance goals. The weighted average fair value of the awards that were issued in 2020 was $10.83 per share. The 2020 PSU awards distributed under this plan were issued on December 4, 2020 to key executive officers and select employees and on December 14, 2020 to the Chair of CNH Industrial. During 2021, CNH Industrial issued an additional 3 million PSUs to the CEO, key executive officers and select employees. The weighted average fair value of the awards that were issued in 2021 was $13.13 per share. Effective January 1, 2022, the Iveco Group Business was separated from CNH Industrial N.V. by way of a legal statutory demerger to Iveco Group N.V. (the Demerger) and Iveco Group became a public listed company independent from CNH Industrial. As part of the Demerger, any awards outstanding under the CNH Industrial Equity Incentive Plan (or “CNH Industrial EIP”), and held by directors, officers and other employees vesting in April 2022 were accelerated in December 2021 and the related equity incentives were issued by CNH Industrial in CNH Industrial stock. Further, as a result of the Demerger, remaining outstanding awards vesting in 2023 and 2024 were converted to the entity the participant is employed with post Demerger. The conversion of the CNH Industrial EIP includes appropriate adjustment mechanisms to ensure that the value of the unvested awards granted to all the beneficiaries under such plan remain unchanged pre and post demerger for employees in both the Iveco Group N.V. and CNH Industrial N.V. 2022-2024 Long-Term Incentive Plan In 2022, the Board of Directors approved the 2022-2024 Long-Term Incentive Plan under the EIP. Just as the previous 2021-2023 EIP, the 2022-2024 EIP features financial performance goals covering a three year vesting period. Similar to the 2021-2023 EIP, two internal financial metrics, Industrial ROIC (the ratio of Adjusted EBIT (after-tax) over Average Industrial Invested Capital) and Adjusted EPS (the net income (loss) excluding any nonrecurring items (after-tax), divided by the weighted average outstanding number of common shares on a fully diluted basis), weighted 50% each, and a multiplier-based on CNH Industrial’s percentile ranking of Total Shareholder Return among a comparator group, will determine the total PSUs earned. However the difference between the two EIPs is that the 2022-2024 EIP has a higher performance achievement threshold for both ROIC and EPS but a smaller list of comparator group for its TSR percentile ranking. In 2022 CNH Industrial issued 2.5 million PSUs. The total number of shares that will eventually be issued may vary from the original estimate due to forfeiture or the level of achievement of the performance goals. The weighted average fair value of the awards that were issued in 2022 was $14.04 per share. The following table reflects the activity of PSUs under the 2021-2023 Long-Term Incentive Plan for the year ended December 31, 2022: 2022 Performance Shares Weighted Average Grant-Date Fair Value Nonvested as of December 31, 2021 9,421,225 $ 11.55 Less: Awards transferred to Iveco Group (1,950,170) 10.87 Plus: Adjustment to awards for continuing employees 1,093,025 N/A Nonvested as of January 5, 2022 8,564,080 7.31 Granted 2,456,659 14.04 Forfeited/Cancelled (173,331) 8.89 Vested — — Nonvested at end of year 10,847,408 $ 8.81 Restricted Share Units In 2020, 2021, and 2022, CNH Industrial issued approximately 5 million, 1 million, and 2 million Restricted Share Units (“RSUs”) to key executive officers and select employees with a weighted average fair value of $10.87, $14.39, and $13.90 per share, respectively. The fair value of the award is measured using the CNH Industrial N.V. stock price on the grant date adjusted for the present value of future dividends that employees will not receive during the vesting period. The RSUs vest upon a time-based service requirement. 2021-2023 Long-Term Incentive Plan On December 4, 2020, CNH Industrial issued two separate RSU grants to key executive officers and select employees. Under the first RSU grant, 1.1 million RSUs were awarded to select employees with a weighted average fair value of $11.43. These awards vested on December 31, 2020. Under the second RSU grant, 3.3 million RSUs were awarded to select employees and are set to vest in three equal installments over a three On December 14, 2020, CNH Industrial issued 120 thousand RSUs to the Chair of CNH Industrial, of which 17 thousand vested on December 31, 2020. The weighted average fair value for these awards is $10.96. The remaining 103 thousand RSUs vest in three equal installments on April 30, 2022, 2023, and 2024 respectively. The fair value for these awards are $10.76, $10.55 and $10.35, respectively. During 2021, CNH Industrial issued an additional 1.5 million RSUs to the CEO, key executive officers and select employees. Of the awards that were issued, 1.2 million are set to vest in three equal installments over a three year period. The first tranche, which consists of 0.4 million RSUs, was set to vest on April 31, 2022. The second and third tranches are set to vest on April 31, 2023 and April 31, 2024, respectively. The weighted average fair value of these awards are $14.04 per share for the first tranche, $13.84 per share for the second tranche, and $13.66 per share for the third tranche. The remaining awards issued in 2021 had a cumulative weighted average fair value of $16.73. In 2021, CNH Industrial, in anticipation of the Demerger, accelerated the vesting of awards with a vest date of April 31, 2022 to December 1, 2021, excluding shares awarded to the CEO and Chairperson. As a result, CNH Industrial recorded $5 million of expense due to the acceleration of these awards. The weighted average fair value of the shares vested during 2021 was $11.75 per share. 2022-2024 Long-Term Incentive Plan In 2022 CNH Industrial issued 2.3 million RSUs. The total number of shares that will eventually be issued may vary from the original estimate due to forfeiture or the level of achievement of the performance goals. The weighted average fair value of the awards that were issued in 2022 was $13.90 per share. The following table reflects the activity of RSUs under the 2017-2019 Long-Term Incentive Plan and 2021-2023 Long-Term Incentive Plan for the year ended December 31, 2022: 2022 Restricted Shares Weighted Average Grant-Date Fair Value Nonvested at beginning of year 4,370,079 $ 11.72 Less: Awards transferred to Iveco Group (1,039,271) 10.98 Plus: Adjustment to awards for continuing employees 485,692 N/A Nonvested as of January 5, 2022 3,816,500 6.76 Granted 2,275,329 13.90 Forfeited (143,410) 10.96 Vested (524,524) 6.62 Nonvested at end of year 5,423,895 $ 9.66 Additional Share-Based Compensation Information The table below provides additional share-based compensation information for the years ended December 31, 2022, 2021, and 2020: 2022 2021 2020 (in millions) Total intrinsic value of options exercised and shares vested $ 22 $ 35 $ 41 Fair value of shares vested $ 3 $ 25 $ 42

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The Company’s basic earnings per share (“EPS”) is computed by dividing net income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if dilutive securities were exercised into common stock. The effect of dilutive securities is calculated using the treasury stock method. The following table sets forth the computation of basic EPS and diluted EPS for the years ended December 31, 2022, 2021 and 2020. 2022 2021 2020 (in millions, except per share data) Basic: Net income (loss) attributable to CNH Industrial $ 2,029 $ 1,723 $ (493) Net income (loss) attributable to CNH Industrial from continuing operations 2,029 1,792 (212) Net income (loss) attributable to CNH Industrial from discontinued operations — (69) (281) Basic earnings (loss) per share attributable to common shareholders: Weighted average common shares outstanding—basic 1,351 1,354 1,351 Continuing operations $ 1.50 $ 1.32 $ (0.15) Discontinued operations $ — $ (0.05) $ (0.21) Basic earnings (loss) per share $ 1.50 $ 1.27 $ (0.36) Diluted: Net income (loss) attributable to CNH Industrial $ 2,029 $ 1,723 $ (493) Net income (loss) attributable to CNH Industrial from continuing operations 2,029 1,792 (212) Net income (loss) attributable to CNH Industrial from discontinued operations — (69) (281) Weighted average common shares outstanding—basic 1,351 1,354 1,351 Effect of dilutive securities (when dilutive): Stock compensation plans 11 7 — Weighted average common shares outstanding—diluted (A) 1,362 1,361 1,351 Continuing operations $ 1.49 $ 1.32 $ (0.15) Discontinued operations $ — $ (0.05) $ (0.21) Diluted earnings (loss) per share $ 1.49 $ 1.27 $ (0.36) (A) For the twelve months ended December 31, 2022, and 2021 0.50 million and 0.06 million shares were excluded from the computation of diluted earnings per share due to an anti-dilutive impact.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2022
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 translation gains and losses, changes in the fair value of available-for-sale securities, the Company’s share of other comprehensive income of entities accounted for using the equity method, and reclassifications for amounts included in net income less net income and other comprehensive income attributable to the noncontrolling interest. For more information on the Company’s derivative instruments, see “Note 15: Financial Instruments”. For more information on the Company’s pensions and retirement benefit obligations, see “Note 12: 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: Year Ended December 31, 2022 (in millions) Gross Amount Income Taxes Net Amount Unrealized gain (loss) on cash flow hedges $ 56 $ (12) $ 44 Changes in retirement plans’ funded status 29 12 41 Foreign currency translation 158 — 158 Share of other comprehensive loss of entities using the equity method (25) — (25) Other comprehensive loss $ 218 $ — $ 218 Year Ended December 31, 2021 (in millions) Gross Amount Income Taxes Net Amount Unrealized gain (loss) on cash flow hedges $ 2 $ (13) $ (11) Changes in retirement plans’ funded status 109 (15) 94 Foreign currency translation 247 — 247 Share of other comprehensive loss of entities using the equity method (93) — (93) Other comprehensive loss $ 265 $ (28) $ 237 Year Ended December 31, 2020 (in millions) Gross Amount Income Taxes Net Amount Unrealized gain (loss) on cash flow hedges $ 57 $ (9) $ 48 Changes in retirement plans’ funded status (10) 7 (3) Foreign currency translation (735) — (735) Share of other comprehensive loss of entities using the equity method 20 — 20 Other comprehensive income $ (668) $ (2) $ (670) The changes, net of tax, in each component of accumulated other comprehensive income (loss) consisted of the following: (in millions) Unrealized Gain (Loss) on Cash Flow Hedges Change in Retirement Plans’ Funded Status Foreign Currency Translation Share of Other Comprehensive Income of Entities Using the Equity Method Total Balance, December 31, 2019 $ (54) $ (650) $ (1,145) $ (153) $ (2,002) Other comprehensive income (loss), before reclassifications 74 143 (739) 20 (502) Amounts reclassified from other comprehensive income (26) (146) — — (172) Other comprehensive income (loss) 1 48 (3) (739) 20 (674) Reclassification of certain tax effects — — — — — Balance, December 31, 2020 $ (6) $ (653) $ (1884) $ (133) $ (2,676) Other comprehensive income (loss), before reclassifications (20) 202 241 (93) 330 Amounts reclassified from other comprehensive income 9 (108) — — (99) Other comprehensive income (loss) 1 (11) 94 241 (93) 231 Balance, December 31, 2021 $ (17) $ (559) $ (1,643) $ (226) $ (2,445) Demerger of Iveco Group 19 233 (316) 12 (52) Balance, January 1, 2022 2 (326) (1,959) -214 (2,497) Other comprehensive income (loss), before reclassifications (126) 102 159 (25) 110 Amounts reclassified from other comprehensive income 170 (61) — — 109 Other comprehensive income (loss) 1 44 41 159 (25) 219 Balance, December 31, 2022 $ 46 $ (285) $ (1,800) $ (239) $ (2,278) (1) Excluded from the table above is other comprehensive (income) loss allocated to noncontrolling interests of $(1) million, $6 million and $4 million for the years ended December 31, 2022, 2021 and 2020, respectively. Significant amounts reclassified out of each component of accumulated other comprehensive income (loss) in December 31, 2022 and 2021 consisted of the following: Amount Reclassified from Other Comprehensive Income (Loss) Consolidated Statement of Operations line 2022 2021 (in millions) Cash flow hedges $ 1 $ (2) Net sales 219 11 Cost of goods sold (3) 4 Other, net (30) (3) Interest expense (17) (1) Income taxes $ 170 $ 9 Change in retirement plans’ funded status: Amortization of actuarial losses $ 18 $ 30 * Amortization of prior service cost (126) (136) * 47 (14) Income taxes $ (61) $ (120) Total reclassifications, net of tax $ 109 $ (111)

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting 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 three operating segments (in continuing operations): Agriculture designs, manufactures and distributes a full line of farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors, combines, 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. Regionally focused brands include: STEYR, for agricultural tractors; Flexi-Coil specializing in tillage and seeding systems; Miller manufacturing application equipment; Kongskilde providing tillage, seeding and hay & forage implements. Further, starting in December 2021, Raven was included in the Agriculture segment bringing a leader in digital agriculture, precision technology and the development of autonomous systems to CNH Industrial. Construction designs, manufactures and distributes a full line of construction equipment including excavators, crawler dozers, graders, wheel loaders, backhoe loaders, skid steer loaders, and compact track loaders. Construction equipment is sold under the CASE Construction Equipment, New Holland Construction and Eurocomach brands. Financial Services offers retail note and lease financing to end-use customers for the purchase of new and used agricultural and construction equipment and components sold through CNH Industrial brands' dealer network, as well as revolving charge account financing and other financial services. Financial Services also provides wholesale financing to CNH Industrial brand dealers and distributors. Further, Financial Services provides trade receivables factoring to CNH Industrial companies. The European operations of CNH Industrial Financial Services are supported by the Iveco Group's Financial Services segment. CNH Industrial Financial Services provides financial services to Iveco Group companies in the North America, South America and Asia Pacific regions. The activities carried out by the two industrial segments Agriculture, and Construction, as well as corporate functions, are collectively referred to as “Industrial Activities”. 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. With reference to Industrial Activities' segments, the CODM assesses segment performance and makes decisions about resource allocation based upon Adjusted EBIT. The Company believes Adjusted EBIT more fully reflects Industrial Activities segments' profitability. Adjusted EBIT of Industrial Activities is defined as net income (loss) before income taxes, Financial Services' results, Industrial Activities’ interest expenses (net), foreign exchange gains/losses, finance and non-service component of pension and other post-employment benefit costs, restructuring expenses, and certain non-recurring items. In particular, non-recurring items are specifically disclosed items that management considers rare or discrete events that are infrequent in nature and not reflective of on-going operational activities. With reference to Financial Services, the CODM assesses the performance of the segment and makes decisions about resource allocation on the basis of net income prepared in accordance with U.S. GAAP. The following table includes the reconciliation of Adjusted EBIT for Industrial Activities to net income, the most comparable U.S. GAAP financial measure, for the years ended December 31, 2022, 2021, and 2020. Years Ended December 31, 2022 2021 2020 (in millions) Agriculture $ 2,456 $ 1,810 $ 880 Construction 124 90 (184) Unallocated items, eliminations, and other (147) (137) (113) Total Adjusted EBIT of Industrial Activities 2,433 1,763 583 Financial Services Net Income 338 349 243 Financial Services Income Taxes 125 107 85 Interest expense of Industrial Activities, net of interest income and eliminations (119) (118) (140) Foreign exchange (gains) losses, net of Industrial Activities (59) (1) (12) Finance and non-service component of Pension and other post-employment benefit costs of Industrial Activities (1) 124 143 (9) Restructuring expenses of Industrial Activities (31) (35) (22) Goodwill impairment charge — — (585) Other discrete items of Industrial Activities (2) (25) (178) (256) Income (loss) before taxes 2,786 2,030 (113) Income tax benefit (expense) (747) (229) (85) Net (loss) from discontinued operations $ — $ (41) $ (240) Net Income (loss) $ 2,039 $ 1,760 $ (438) (1) In the years ended December 31, 2022, 2021 and 2020 this item includes the pre-tax gain of $90 million, $119 million and $119 million as a result of the amortization over approximately 4.5 years of the $527 million positive impact from 2018 modification of a healthcare plan in the U.S. In the year ended December 31, 2022 and December 31, 2021, this item also includes a pre-tax gain of $24 million and $5 million as a result of the amortization over 4 years of the $101 million positive impact from 2021 modifications of a healthcare plan in the U.S. which occurred in the fourth quarter of 2021. In the year ended December 31, 2020, this item also included a pre-tax non-cash settlement charge of $124 million, respectively, resulting from the purchase of annuity contracts to settle a portion of the outstanding U.S. pension obligations. (2) In the year ended December 31, 2022, this item included $43 million of asset write-downs, $25 million of separation costs incurred in connection with spin-off of the Iveco Group Business and $22 million of costs related to the activity of the Raven segments held for sale, including the loss on the sale of the Engineered Films and Aerostar divisions, partially offset by a $65 million gain on the sale of our Canada parts depot. In the year ended December 31, 2021, this item included $133 million separation costs in connection with the spin-off of the Iveco Group business and a charge of $57 million for transaction costs related to the acquisition of Raven Industries, Inc., partially offset by a gain of $12 million for a fair value adjustment of Monarch Tractor investments. In the year ended December 31, 2020, this item mainly includes impairment of intangible and other long-lived assets. The following table provides key segment information for the Financial Services segment: Years Ended December 31, 2022 2021 2020 (in millions) Financial Services Net Income (from continuing operations) $ 338 $ 349 $ 243 Financial Services Interest Revenue (1) $ 1,149 $ 918 $ 964 Financial Services Interest Expense $ 601 $ 409 $ 485 (1) This amount excludes interest included in operating leases rentals. There are no segment assets reported to the CODM for assessing performance and allocating resources. However, the CODM reviews expenditures for long-lived assets by operating segment, therefore, this information is presented below as well. A summary of additional operating segment information as of and for the years ended December 31, 2022, 2021, and 2020 is as follows: Years Ended December 31, 2022 2021 2020 (in millions) Revenues: Agriculture $ 17,969 $ 14,721 $ 10,923 Construction 3,572 $ 3,081 $ 2,170 Eliminations and other — $ — $ (10) Net sales of Industrial Activities 21,541 $ 17,802 $ 13,083 Financial Services 1,996 $ 1,672 $ 1,660 Eliminations and other 14 $ 22 $ 36 Total Revenues $ 23,551 $ 19,496 $ 14,779 Depreciation and Amortization (*): Agriculture $ 287 $ 254 $ 248 Construction 38 $ 38 $ 46 Other activities and adjustments — $ 1 $ 2 Depreciation and amortization of Industrial Activities 325 $ 293 $ 296 Financial Services 2 $ 2 $ 2 Depreciation and amortization $ 327 $ 295 $ 298 Expenditures for long-lived assets (**): Agriculture $ 393 $ 307 $ 185 Construction 63 $ 53 $ 42 Other activities — $ — $ 2 Expenditures for long-lived assets of Industrial Activities 456 $ 360 $ 229 Financial Services 5 $ 5 $ 3 Expenditures for long-lived assets $ 461 $ 365 $ 232 (*) Excluding equipment on operating leases (**) Excluding equipment on operating leases and right of use assets Geographic Information CNH Industrial has its principal office in London, England, U.K. Revenues earned in the U.K. from external customers were $557 million, $548 million, and $428 million for the years ended December 31, 2022, 2021, and 2020, respectively. Revenues earned in the rest of the world from external customers were $22,994 million, $18,948 million, and $14,351 million for the years ended December 31, 2022, 2021, and 2020, respectively. The following highlights revenues earned from external customers in the rest of the world by destination: 2022 2021 2020 (in millions) United States $ 8,189 $ 6,387 $ 5,054 Italy 592 556 427 France 1,123 1,084 972 Brazil 3,904 2,414 1,553 Germany 674 564 479 Canada 1,530 1,341 918 Australia 982 857 644 Spain 263 283 231 Argentina 565 418 346 Poland 449 425 267 Other 4,723 4,619 3,460 Total Revenues from external customers in the rest of world $ 22,994 $ 18,948 $ 14,351 Total long-lived tangible and intangible assets located in the U.K. were $128 million and $132 million at December 31, 2022 and 2021, respectively, and the total of such assets located in the rest of the world totaled $7,357 million and $7,498 million at December 31, 2022 and 2021, respectively. The following highlights long-lived tangible and intangible assets by geography in the rest of the world: At December 31, 2022 2021 (in millions) United States $ 5,669 $ 5,801 Italy 437 424 France 48 48 Germany 17 19 Spain 1 1 Canada 548 568 Brazil 162 127 China 55 61 Other 420 449 Total Long-lived assets in the rest of the world $ 7,357 $ 7,498

Related Party Information

Related Party Information	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Party Information	Related Party Information As of December 31, 2022 and 2021 CNH Industrial’s related parties were primarily EXOR N.V. and the companies that EXOR N.V. controlled or had a significant influence over, including Stellantis N.V. (formerly Fiat Chrysler Automobiles N.V. which, effective January 16, 2021, merged with Peugeot S.A. by means of a cross-border legal merger) and its subsidiaries and affiliates ("Stellantis") and Iveco Group N.V. which effective January 1, 2022 separated from CNH Industrial N.V. by way of a demerger under Dutch law and became a public listed company independent from CNH Industrial. . As of December 31, 2022, EXOR N.V. held 42.8% 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 December 31, 2022. 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. CNH Industrial did not enter into any significant transactions with EXOR N.V. during the years ended December 31, 2022 and 2021. In connection with the establishment of Fiat Industrial (now CNH Industrial) through the demerger from Fiat (which was subsequently merged into Fiat Chrysler Automobiles N.V. which is now Stellantis), 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 Stellantis 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. During 2022 and 2021, Stellantis subsidiaries provided 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. Furthermore, CNH Industrial and Stellantis might engage in other minor transactions in the ordinary course of business. These transactions with Stellantis are reflected in the Company’s consolidated financial statements as follows: 2022 2021 2020 (in millions) Net sales $ — $ — $ — Cost of goods sold $ 17 $ 31 $ 17 Selling, general and administrative expenses $ 48 $ 59 $ 55 December 31, 2022 December 31, 2021 (in millions) Trade receivables $ — $ — Trade payables $ 14 $ 20 Transactions with Iveco Group post-Demerger CNH Industrial and Iveco Group post-Demerger entered into transactions consisting of the sale of engines from Iveco Group to CNH Industrial. Additionally, concurrent with the Demerger, the Companies entered into services contracts in relation to general administrative and specific technical matters, provided by either CNH Industrial to Iveco Group and vice versa as follows: Master Service Agreements : CNH Industrial and Iveco Group entered into a two-year Master Services Agreement (“MSA”) whereby each Party (and its subsidiaries) may provide services to the other (and its subsidiaries). Services provided under the MSA relate mainly to lease of premises and depots and IT services. Engine Supply Agreement : in relation to the design and supply of off-road engines from Iveco Group to CNH Industrial post-Demerger, Iveco Group and CNH Industrial entered into a ten-year Engine Supply Agreement (“ESA”) whereby Iveco Group will sell to CNH Industrial post-Demerger diesel, CNG and LNG engines and provide post-sale services. Financial Service Agreement : in relation to certain financial services activities carried out by either CNH Industrial to Iveco Group post-Demerger or vice versa, in connection with the execution of the Demerger Deed, CNH Industrial and Iveco Group entered into a three-year Master Services Agreement (“FS MSA”), whereby each Party (and its subsidiaries) may provide services and/or financial services activities to the other (and its subsidiaries). Services provided under the FS MSA relate mainly to wholesale and retail financing activities to suppliers, distribution network and customers. The transactions with Iveco Group post-Demerger are reflected in the consolidated financial statements as follows: 2022 2021 2020 (in millions) Net sales $ 48 $ 21 $ 28 Cost of goods sold $ 930 $ 948 $ 601 Selling, general and administrative expenses $ — $ — $ — December 31, 2022 December 31, 2021 (in millions) Trade receivables $ 21 $ 87 Receivables from Iveco Group N.V. $ 298 $ — Trade payables $ 184 $ 181 Payables to Iveco Group N.V. $ 156 $ 502 Transactions with Unconsolidated Subsidiaries and Affiliates CNH Industrial sells agricultural and construction equipment and provides technical services to unconsolidated subsidiaries and affiliates such as 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, interest and other income, cost of goods sold, trade receivables and payables and are presented as follows: 2022 2021 2020 (in millions) Net sales $ 400 $ 402 $ 211 Cost of goods sold $ 554 $ 496 $ 399 December 31, 2022 December 31, 2021 (in millions) Trade receivables $ — $ — Trade payables $ 100 $ 101

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation CNH Industrial has prepared the accompanying consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The consolidated financial statements include CNH Industrial N.V. and its consolidated subsidiaries. The consolidated financial statements are expressed in U.S. dollars and, unless otherwise indicated, all financial data set forth in these consolidated financial statements are expressed in U.S. dollars. The consolidated financial statements include the accounts of CNH Industrial’s subsidiaries in which CNH Industrial has a controlling financial interest, and reflect the noncontrolling interests of the minority owners of the subsidiaries that are not fully owned for the periods presented, as applicable. A controlling financial interest may exist based on ownership of a majority of the voting interest of an entity or based on CNH Industrial’s determination that it is the primary beneficiary of a variable interest entity (“VIE”). The primary beneficiary of a VIE is the party that has the power to direct the activities that most significantly impact the economic performance of the entity and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the entity. The Company assesses
Business Combinations	Business Combinations Business combinations are accounted for by applying the acquisition method. Under this method, the consideration transferred in a business combination is measured at fair value, which is calculated as the sum of the acquisition-date fair values of the assets transferred and liabilities assumed by the Company and the equity interests issued in exchange for control of the acquiree. Acquisition-related costs are generally recognized in profit or loss as incurred.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported amounts of revenues and expenses. Significant estimates in these consolidated financial statements include the realizable value of property, plant and equipment, goodwill and other intangibles; residual values of equipment on operating leases; allowance for credit losses; tax contingencies and valuation allowances; liabilities for warranties; sales allowances; and assets and obligations related to employee benefits. Actual results could differ from these estimates.
Revenue Recognition and Sales Allowances	Revenue Recognition Revenue is recognized when control of the equipment, services or parts has been transferred and the Company’s performance obligations to the customers have been satisfied. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods or providing services. The timing of when the Company transfers the goods or services to the customer may differ from the timing of the customer’s payment. Revenues are stated net of discounts, allowances, settlement discounts and rebates, as well as costs for sales incentive programs, which are determined on the basis of historical costs, country by country, and charged against profit for the period in which the corresponding sales are recognized. The Company also enters into contracts with multiple performance obligations. For these contracts, the Company allocates revenue from the transaction price to the distinct goods and services in the contract on a relative standalone selling price basis. To the extent the Company sells the goods or services separately in the same market, the standalone selling price is the observable price at which the Company sells the goods or services separately. For all other goods or services, the Company estimates the standalone selling price considering all information reasonably available (including market conditions, entity-specific factors and information about the customer or class of customer). Sales of goods The Company has determined that the customers from the sale of equipment and parts are generally dealers, distributors, public entities and retail customers. The Company recognizes revenue at a point in time when control has transferred to the customer at a sales price that the Company expects to receive. Transfer of control occurs when title and risk of ownership have transferred to the customer, which occurs based upon the terms specified in the contract. In most of the jurisdictions where the Company operates, and subject to specific exceptions, transfer of control occurs upon shipment. For all sales, no significant uncertainty exists surrounding the purchaser’s obligation to pay for equipment and parts. The Company records appropriate allowance for credit losses and anticipated returns as required. Fixed payment schedules exist for all sales, but payment terms vary by geographic market and product line. The cost of incentives, if any, are estimated at the inception of a contract at the amount that is expected to be paid and is recognized as a reduction to revenue at the time of the sale. If an equipment contract transaction has multiple performance obligations, the cost of incentives is allocated entirely to the equipment as the intent of the incentives is to encourage sales of equipment. If the estimate of the incentive changes following the sale to the customer, the change in estimate is recognized as an adjustment to revenue in the period of the change. CNH Industrial grants certain sales incentives to support sales of its products to retail customers. At the later of the time of sale or the time an incentive is announced to dealers, CNH Industrial records the estimated impact of sales allowances in the form of dealer and customer incentives as a reduction of revenue. Subsequent adjustments to sales incentive programs related to products previously sold are recognized as an adjustment to revenues in the period the adjustment is determinable. The determination of sales allowances requires management to make estimates based upon historical data, estimated future market demand for products, field inventory levels, announced incentive programs, competitive pricing and interest rates, among other things. With reference to the sales to dealers accompanied by “floor plan” agreements under which the Company offers wholesale financing including “interest-free” financing for specified period of time (which also vary by geographic market and product line), two separate performance obligations exist. The first performance obligation consists of the sale of the equipment from Industrial Activities to the dealer. Concurrent with the sale of the equipment, Industrial Activities offers to the dealer wholesale financing through loans extended by Financial Services. Industrial Activities compensates Financial Services for the cost of the interest-free period. This cost has been determined to represent a cash sale incentive on the initial sale of the good, and therefore it should be recognized upfront as a reduction of net sales of Industrial Activities. The second performance obligation consists of a credit facility extended by Financial Services to the dealer. The remuneration for this performance obligation is represented by the compensation received from Industrial Activities for the period of the interest-free financing and by the interest charged to dealer for the remaining period. This remuneration is recognized by Financial Services over the period of the outstanding exposure. For parts sales, when the Company provides its customers with a right to return a transferred product, revenue and corresponding cost of sales are recognized for parts that are not expected to be returned. The expected returns are estimated based on an analysis of historical experience. The portion of revenue (and corresponding cost of sales) related to the parts that are expected to be returned is recognized at the end of the return period. The amount received or receivable that is expected to be returned is recognized as a refund liability, representing the obligation to return the customer’s consideration. Furthermore, at the time of the initial sale, CNH Industrial recognizes a return asset for the right to recover the goods returned by the customer. This asset is initially measured at the former carrying amount of the inventory. At each reporting date, both the refund liability and the return asset are remeasured to record for any revisions to the expected level of returns, as well as any decreases in the value of the returned products. Rendering of services Revenues from services provided are primarily comprised of extended warranties and maintenance and repair services and are recognized over the contract period when the costs are incurred, that is when the claims are charged by the dealer. Amounts invoiced to customers for which CNH Industrial receives consideration before the performance is satisfied are recognized as contract liability. These services are either separately-priced or included in the selling price of the equipment. In the second case, revenue for the services is allocated based on the estimated stand-alone selling price. In the event that the costs expected to be incurred to satisfy the remaining performance obligations exceed the transaction price, an estimated contract loss is recognized. Shipping and other transportation activities performed as an agent are recognized on a net basis, which is netting the related freight cost against the freight revenue. Finance and interest income Finance and interest income on receivables is recorded using the effective yield method. Deferred costs on the origination of financing receivables are recognized as a reduction in finance revenue over the expected lives of the receivables using the effective yield method. Recognition of income on loans is suspended when management determines that collection of future income is not probable or when an account becomes 90 days delinquent, whichever occurs earlier. Interest accrual is resumed when and if the receivable becomes contractually current and collection becomes probable. Previously suspended income is recognized at that time. The Company applies cash received on nonaccrual financing receivables to first reduce any unrecognized interest and then the recorded investment and any other fees. Rents and other income on operating leases Income from operating leases is recognized over the term of the lease on a straight-line basis. Sales Allowances
Warranty Costs	Warranty Costs At the time a sale of equipment or parts to a dealer is recognized, CNH Industrial records the estimated future base warranty costs for the product. CNH Industrial determines its total warranty liability by applying historical claims rate experience, while considering specific contractual terms, to the park of equipment that has been sold and is still under warranty. Campaigns are formal post-production modification programs approved by management. The liabilities for such programs are recognized when approved, based on an estimate of the total cost of the program.
Advertising	Advertising CNH Industrial expenses advertising costs as incurred.
Research and Development	Research and Development Research and development costs are expensed as incurred.
Borrowing Costs	Borrowing Costs Borrowing costs that are directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are capitalized and amortized over the useful life of the class of assets to which they refer.
Government Grants	Government Grants Government grants are recognized in the financial statements when there is reasonable assurance that the company concerned will comply with the conditions for receiving such grants and that the grants themselves will be received. Government grants are recognized as income over the periods necessary to match them with the related costs which they are intended to offset.
Foreign Currency	Foreign Currency Certain of CNH Industrial’s non-U.S. subsidiaries and affiliates maintain their books and accounting records using local currency as the functional currency. Assets and liabilities of these non-U.S. subsidiaries are translated into U.S. dollars at period-end exchange rates, and net exchange gains or losses resulting from such translation are included in “Accumulated other comprehensive income (loss)” in the accompanying consolidated balance sheets. Income and expense accounts of these non-U.S. subsidiaries are translated at the average exchange rates for the period. Gains and losses from foreign currency transactions are included in net income in the period during which they arise. Net foreign currency transaction gains and losses are reflected in “Other, net” in the accompanying consolidated statement of operations and also include the cost of hedging instruments. For the years ended December 31, 2022 and 2021 the Company recorded net losses of $185 million and $135 million, respectively. For the year ended December 31, 2020 the Company recorded a net gain of $28 million. Included in the net losses in 2022, 2021 and 2020 were charges of $— million, $47 million and $56 million (inclusive of impact of discontinued operations) due to the devaluation of net monetary assets of Argentinian subsidiaries in 2022, 2021, and 2020, respectively. There was no impact in 2022 as the functional currency of the Argentinian subsidiary was changed to the US Dollar. As described in Note 15: Financial Instruments, the Company uses hedging instruments to mitigate foreign currency risk. Net of gains realized on foreign currency hedging instruments, the Company recorded a losses of $80 million, $6 million and $17 million for the three years ended December 31, 2022, 2021 and 2020, respectively.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents are highly liquid investments with an original maturity of three months or less. The carrying value of cash equivalents approximates fair value because of the short maturity of these investments.
Restricted Cash	Restricted Cash Restricted cash includes principal and interest payments from retail notes and wholesale receivables owned by the consolidated VIEs that are payable to the VIEs’ investors, and cash pledged as a credit enhancement to the same investors. These amounts are held by depository banks in order to comply with contractual agreements.
Cash Flow Information	Cash Flow Information All cash flows from the changes in trade accounts and notes receivable are classified as operating activities in the consolidated statements of cash flows as these receivables arise from sales to CNH Industrial’s customers. Cash flows from financing receivables that are related to sales to CNH Industrial’s dealers are also included in operating activities. CNH Industrial’s financing of receivables related to equipment sold by dealers is included in investing activities. CNH Industrial paid interest of $718 million, $539 million, and $625 million for the years ended December 31, 2022, 2021, and 2020, respectively. For 2022, 2021, and 2020, the amount includes a charge of $— million, $8 million, and $— million, respectively, in connection with the Company’s accelerated debt redemption strategy. CNH Industrial paid taxes of $717 million, $348 million, and $80 million in 2022, 2021, and 2020, respectively. In 2022, Other non-cash items of $196 million primarily included share-base payments of $87 million and writedowns of financial assets of $77 million. In 2021, Other non-cash items of $126 million primarily included share-based payments of $90 million and writedowns of financial assets of $34 million. In 2022, Investing Activities - Other primarily consisted of change in intersegment receivable/payable (including with Iveco Group) less proceeds from the sale of the Raven EFD and Aerostar divisions and sale of certain real estate. In 2021, Investing Activities - Other included cash paid for the acquisition of Raven Industries Inc of $2.1 billion.
Receivables	Receivables Receivables are recorded at amortized cost, net of allowances for credit losses and deferred fees and costs.
Allowance for Credit Losses	Allowance for Credit Losses The allowance for credit losses is the Company’s estimate of the lifetime expected credit losses inherent in the trade receivables and financing receivables owned by the Company. Retail receivables primarily include retail notes and finance leases to end use customers and revolving charge accounts, which represent financing for customers to purchase parts, service, rentals, implements and attachments from CNH Industrial dealers. Wholesale receivables include dealer floorplan financing, and to a lesser extent, the financing of dealer operations. Typically, our receivables within a geographic area have similar risk profiles and methods for assessing and monitoring risk. Retail customer receivables that share the same risk characteristics such as, collateralization levels, geography, product type and other relevant factors are reviewed on a collective basis using measurement models and management judgment. The allowance for retail credit losses is based on loss forecast models that consider a variety of factors that include, but are not limited to, historical loss experience, collateral value, portfolio balance and delinquency. The loss forecast models are updated on a quarterly basis. The calculation is adjusted for forward looking macroeconomic factors, such as GDP and Net Farm Income. The forward-looking macroeconomic factors are updated quarterly. In addition, qualitative factors that are not fully captured in the loss forecast models are considered in the evaluation of the adequacy of the allowance for credit losses. These qualitative factors are subjective and require a degree of management judgment. Trade and wholesale receivables that share the same risk characteristics such as, collateralization levels, term, geography and other relevant factors are reviewed on a collective basis using measurement models and management judgment. The allowance for trade and wholesale credit losses is based on loss forecast models that consider a variety of factors that include, but are not limited to, historical loss experience, collateral value, portfolio balance and delinquency. The loss forecast models are updated on a quarterly basis. The calculation is adjusted for forward-looking macroeconomic factors, such as industry sales volumes. The forward-looking macroeconomic factors are updated quarterly. In addition, qualitative factors that are not fully captured in the loss forecast models are considered in the evaluation of the adequacy of the allowance for credit losses. These qualitative factors are subjective and require a degree of management judgment. Retail, trade and wholesale receivables that do not have similar risk characteristics are individually reviewed based on, among other items, amounts outstanding, days past due and prior collection history. Expected credit losses are measured by considering: the probability-weighted estimates of cash flows and collateral value; the time value of money; current conditions and forecasts of future economic conditions. Expected credit losses are measured as the probability-weighted present value of all cash shortfalls (including the value of the collateral, if appropriate) over the expected life of each financial asset. Charge-offs of principal amounts of receivables outstanding are deducted from the allowance at the point when it is determined to be probable that all amounts due will not be collected. Revolving charge accounts are generally deemed to be uncollectible and charged off to the allowance for credit losses when delinquency reaches 120 days.
Inventories	Inventories Inventories are stated at the lower of cost or market. Cost is determined by the first-in, first-out method. The cost of finished goods and work-in-progress includes the cost of raw materials, other direct costs and production overheads.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost, less accumulated depreciation. Expenditures for maintenance and repairs are expensed as incurred. 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. The corresponding liability to the lessor is included in the financial statements as debt. Depreciation is recorded on a straight-line basis over the estimated useful lives of the respective assets as follows: Category Lives Buildings and improvements 10 — 40 years Plant, machinery and equipment 5 — 25 years Other equipment 3 — 10 years The following paragraph presents the Company’s policy for leases for which it is a lessee. 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 real estate leases, this assessment is based on an analysis by management of all relevant facts and circumstances including the leased asset’s purpose, the economic and practical potential for replacing and any plans that the Company has in place for the future use of the asset. 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 operating expense 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, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company's incremental borrowing rate. The incremental borrowing rate is determined considering macro-economic factors such as the specific interest rate curve based on the relevant currency and term, as well as specific factors contributing to CNH Industrial’s credit spread. The Company primarily uses the incremental borrowing rate as the discount rate for its lease liabilities. 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.
Equipment on Operating Leases	Equipment on Operating Leases Financial Services purchases leases and equipment from CNH Industrial dealers and other independent third parties that have leased equipment to retail customers under operating leases. Financial Services’ investment in operating leases is based on the purchase price paid for the equipment. Income from these operating leases is recognized over the term of the lease. The equipment is depreciated on a straight-line basis over the term of the lease to the estimated residual value at lease termination. Residual values are estimated at the inception of the lease and are reviewed quarterly. Realization of the residual values is dependent on Financial Services’ future ability to re-market the equipment under then prevailing market conditions. Equipment model changes and updates, as well as market strength and product acceptance, are monitored and adjustments are made to residual values in accordance with the significance of any such changes. Management believes that the estimated residual values are realizable. Expenditures for maintenance and repairs of the applicable equipment are the responsibility of the lessee. Financial Services evaluates the carrying amount of equipment on operating leases for potential impairment when it determines a triggering event has occurred. When a triggering event occurs, a test for recoverability is performed comparing projected undiscounted future cash flows to the carrying amount of the asset. If the test for recoverability identifies a possible impairment, the asset’s fair value is measured in accordance with the fair value measurement framework. An impairment charge would be recognized for the amount by which the carrying amount of the asset exceeds its estimated fair value.
Goodwill and Other Intangibles	Goodwill and Other Intangibles Goodwill represents the excess of the aggregate purchase price over the fair value of the net assets acquired. Goodwill and indefinite-lived intangible assets are reviewed for impairment at least annually. At December 31, 2021 and 2022, the Company performed its annual impairment review and concluded there was no impairment to goodwill for the other reporting units. Other intangibles consist primarily of acquired dealer networks, trademarks, product drawings, patents, and software. Other intangibles with indefinite lives principally consist of acquired trademarks which have no legal, regulatory, contractual, competitive, economic, or other factor that limits their useful life. Intangible assets with an indefinite useful life are not amortized. Other intangible assets with definite lives are being amortized on a straight-line basis over 5 to 25 years. Reference is made to “Note 9: Goodwill and Other Intangibles” for further information regarding goodwill and other intangible assets.
Impairment of Long-Lived Assets, Goodwill and Other Intangible Assets	Impairment of Long-Lived Assets, Goodwill and Other Intangible Assets CNH Industrial evaluates the recoverability of the carrying amount of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. If circumstances require a long-lived asset to be tested for possible impairment, CNH Industrial compares the carrying amount of an asset to future undiscounted net cash flows expected to be generated by the asset. If the carrying amount of the long-lived asset is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying amount exceeds its fair value.
Income Taxes	Income Taxes The provision for income taxes is determined using the asset and liability method. CNH Industrial recognizes a current tax liability or asset for the estimated taxes payable or refundable on tax returns for the current year and tax contingencies estimated to be settled with taxing authorities within one year. A deferred tax liability or asset is recognized for the estimated future tax effects attributable to temporary differences and tax attributes. The measurement of current and deferred tax liabilities and assets is based on provisions of enacted tax law. Valuation allowances are recorded to reduce deferred tax assets when it is more likely than not that a tax benefit will not be realized based on available evidence.
Retirement and Postemployment Benefits	Retirement and Post-employment Benefits CNH Industrial sponsors numerous defined benefit and defined contribution pension plans, the assets of which are held in separate trustee-administered funds. The pension plans are funded by payments from CNH Industrial. The cost of providing defined benefit pension and other postretirement benefits is calculated based upon actuarial valuations. The liability for termination indemnities is accrued in accordance with labor legislation in each country where such benefits are required. CNH Industrial contributions to defined contribution plans are charged to the income statement during the period of the employee’s service.
Derivatives	Derivatives CNH Industrial’s policy is to enter into derivative transactions to manage exposures that arise in the normal course of business and not for trading or speculative purposes. CNH Industrial records derivative financial instruments in the consolidated balance sheets as either an asset or a liability measured at fair value. The fair value of CNH Industrial’s foreign exchange derivatives is based on quoted market exchange rates, adjusted for the respective interest rate differentials (premiums or discounts). The fair value of CNH Industrial’s interest rate derivatives is based on discounting expected cash flows, using market interest rates, over the remaining term of the instrument. Changes in the fair value of derivative financial instruments are recognized in current income unless specific hedge accounting criteria are met. For derivative financial instruments designated to hedge exposure to changes in the fair value of a recognized asset or liability, the gain or loss is recognized in income in the period of change together with the offsetting loss or gain on the related hedged item. For derivative financial instruments designated to hedge exposure to variable cash flows of a forecasted transaction, the derivative financial instrument’s gain or loss is initially reported in other comprehensive income (loss) and is subsequently reclassified into income when the forecasted transaction affects income. For derivative financial instruments that are not designated as hedges but held as economic hedges, the gain or loss is recognized immediately in income. For derivative financial instruments designated as hedges, CNH Industrial formally documents the hedging relationship to the hedged item and its risk management strategy for all derivatives designated as hedges. This includes linking all derivatives that are designated as fair value hedges to specific assets and liabilities contained in the consolidated balance sheets and linking cash flow hedges to specific forecasted transactions or variability of cash flow. CNH Industrial assesses the effectiveness of its hedging instruments both at inception and on an ongoing basis. If a derivative is determined not to be highly effective as a hedge or the underlying hedged transaction is no longer probable of occurring, the hedge accounting described above is discontinued and the derivative is marked to fair value and recorded in income through the remainder of its term.
Share-Based Compensation Plans	Share-Based Compensation Plans CNH Industrial recognizes all share-based compensation as an expense based on the fair value of each award on the grant date. CNH Industrial recognizes share-based compensation costs on a straight-line basis over the requisite service period for each separately vesting portion of an award.
Earnings per Share	Earnings per Share Basic earnings per share is based on the weighted average number of shares outstanding during each period. Diluted earnings per share is based on the weighted average number of shares and dilutive share equivalents outstanding during each period. Unvested performance-based awards are considered outstanding and included in the computation of diluted earnings per share based on the number of shares that would vest if the end of the reporting period were the end of the contingency period.
New Accounting Pronouncements	New Accounting Pronouncements Adopted in 2022 None Not Yet Adopted Reference Rate Reform In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ("ASU 2020-04"). ASU 2020-04 provides temporary optional expedients and exceptions for applying U.S. GAAP to contract modifications, hedging relationships, and other transactions affected by Reference Rate Reform if certain criteria are met. In December 2022, the FASB issued ASU 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 (ASU 2022-06"). ASU 2022-06 extended the sunset date of ASC Topic 848 from December 31, 2022 to December 31, 2024. The Company has not adopted ASU 2020-04 as of December 31, 2022. ASU 2020-04 is not expected to have a significant impact on the Company's consolidated financial statements. Revenue Contract Assets and Liabilities Acquired in a Business Combination In October 2021, the FASB issued ASU 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers ("ASU 2021-08"). ASU 2021-08 requires that an acquirer recognizes and measures contract assets and contract liabilities acquired in a business combination in accordance with Revenue from Contracts with Customers (Topic 606) as applied by the acquiree to determine what to record for the acquired revenue contract assets and liabilities instead of at fair value on the acquisition date. ASU 2021-08 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, and early adoption is permitted. The Company will apply the guidance within ASU 2021-08 on business combinations beginning January 1, 2023. Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued ASU 2022-02, Financial Instruments—Credit Losse s (Topic 326): Troubled Debt Restructurings and Vintage Disclosures (“ASU 2022-02”). ASU 2022-02 eliminates the accounting guidance for troubled debt restructurings (TDRs) for creditors in ASC 310-40 and amends the guidance on vintage disclosures to require disclosure of current-period gross write-offs by year of origination. ASU 2022-02 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted. Entities can elect to adopt the guidance on TDRs using either a prospective or modified retrospective transition. The amendments related to disclosures should be adopted prospectively. The Company will apply the disclosures prospectively starting January 1, 2023. Supplier Finance Programs Disclosures In September 2022, the FASB issued ASU 2022-04, Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations ("ASU 2022-04"). ASU 2022-04 requires the buyer in a supplier finance program to disclose information about the key terms of the program, outstanding confirmed amounts as of the end of the period, a rollforward of such

Presentation (Tables)

Presentation (Tables)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of discontinued financial information	The following table presents the assets and liabilities of the Iveco Group Business classified as Assets Held for Distribution and Liabilities Held for Distribution as of December 31, 2021. December 31, 2021 (in millions) ASSETS HELD FOR DISTRIBUTION Cash and cash equivalents $ 961 Restricted cash 55 Trade receivables, net 165 Financing receivables, net 3,284 Inventories, net 3,005 Property, plant and equipment, net 3,221 Investments in unconsolidated subsidiaries and affiliates 613 Equipment under operating leases 66 Goodwill, net 80 Other intangible assets, net 141 Deferred tax assets 1,059 Other assets 896 Total Assets Held for Distribution $ 13,546 LIABILITIES HELD FOR DISTRIBUTION Debt 2,343 Trade payables 3,366 Deferred tax liabilities 14 Pension, postretirement and other postemployment benefits 560 Other liabilities 5,609 Total Liabilities Held for Distribution $ 11,892 Details of Statement of Operations line items included in Discontinued Operations, after the eliminations, for the years ended December 31, 2021, and 2020 are as follows: 2021 2020 (in millions) Revenues Net sales $ 14,743 $ 11,772 Finance, interest and other income 194 140 Total Revenues $ 14,937 $ 11,912 Costs and Expenses Cost of goods sold 12,765 10,745 Selling, general and administrative expenses 989 859 Research and development expenses 594 439 Restructuring expenses 39 27 Interest expense 129 107 Other, net 380 61 Total Costs and Expenses $ 14,896 $ 12,238 Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates 41 (326) Income tax (expense) benefit (113) 135 Equity in income of unconsolidated subsidiaries and affiliates 31 (49) Net Income (loss) from discontinued operations $ (41) $ (240) Cash flows from Discontinued Operations from the years ended December 31, 2021 and 2020 are as follows: 2021 2020 (in millions) Operating activities: Net income (loss) of discontinued operations $ (41) $ (240) Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization expense, net of depreciation and amortization of assets under operating leases and assets sold under buy-back commitments 316 332 Depreciation and amortization expense of assets under operating leases and assets sold under buy-back commitments 296 302 (Gain) Loss on disposal of assets (44) 1 Undistributed income of unconsolidated subsidiaries (13) 51 Other non-cash items 197 72 Changes in operating assets and liabilities: Provisions 87 90 Deferred income taxes 36 (192) Trade and financing receivables related to sales, net 54 118 Inventories, net (216) 678 Trade payables 25 87 Other assets and liabilities 187 42 Cash flow from operating activities of discontinued operation $ 884 $ 1,341 Investing activities: Additions to retail receivables (42) (12) Collections of retail receivables 50 31 Proceeds from the sale of assets, net of assets under operating leases and assets sold under buy-back commitments — 3 Expenditures for property, plant and equipment and intangible assets, net of assets under operating leases and assets sold under buy-back commitments (348) (252) Expenditures for assets under operating leases and assets sold under buy-back commitments (763) (752) Other 672 187 Cash flow provided by (used in) investing activities of discontinued operation $ (431) $ (795) Financing activities: Proceeds from long-term debt 3,459 3,119 Payments of long-term debt (3,602) (3,285) Net increase (decrease) in other financial liabilities 97 (241) Dividends paid — — Cash flow from financing activities of discontinued operation $ (46) $ (407)

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of recognized identified assets acquired and liabilities assumed	The asset and liability fair values of the remaining Raven business, Applied Technology Division, at the acquisition date are as follows: November 30, 2021 (in millions) Intangible Assets Customer Relationship $ 145 In-Process R&D 165 Developed Technology 50 Trade Names 74 Goodwill 1,404 Deferred Tax Liability and Other (137)
Schedule of depreciation recorded over the estimated useful lives	Depreciation is recorded on a straight-line basis over the estimated useful lives of the respective assets as follows: Category Lives Buildings and improvements 10 — 40 years Plant, machinery and equipment 5 — 25 years Other equipment 3 — 10 years

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Summary of net revenue	The following tables summarize previously reported revenues for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 2021 2020 (in millions) Agriculture $ 17,969 $ 14,721 $ 10,923 Construction 3,572 3,081 2,170 Eliminations and Other — — (10) Total Industrial Activities 21,541 17,802 13,083 Financial Services 1,996 1,672 1,660 Eliminations and Other 14 22 36 Total Revenues $ 23,551 $ 19,496 $ 14,779 2022 2021 2020 (in millions) United States $ 8,189 $ 6,387 $ 5,054 Italy 592 556 427 France 1,123 1,084 972 Brazil 3,904 2,414 1,553 Germany 674 564 479 Canada 1,530 1,341 918 Australia 982 857 644 Spain 263 283 231 Argentina 565 418 346 Poland 449 425 267 Other 4,723 4,619 3,460 Total Revenues from external customers in the rest of world $ 22,994 $ 18,948 $ 14,351
Summary of disaggregation of revenue	The following table disaggregates previously reported revenues by major source for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 2021 2020 (in millions) Revenues from: Sales of goods $ 21,506 $ 17,783 $ 13,067 Rendering of services and other revenues 35 19 16 Revenues from sales of goods and services $ 21,541 $ 17,802 $ 13,083 Finance and interest income 1,169 912 966 Rents and other income on operating lease 841 782 730 Finance, interest and other income $ 2,010 $ 1,694 $ 1,696 Total Revenues $ 23,551 $ 19,496 $ 14,779

Receivables (Tables)

Receivables (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Schedule of financing receivables	A summary of financing receivables included in the consolidated balance sheets as of December 31, 2022 and 2021 is as follows: 2022 2021 (in millions) Retail $ 11,446 $ 9,955 Wholesale 7,785 5,373 Other 29 48 Total $ 19,260 $ 15,376
Schedule of maturities of financing receivables	Maturities of financing receivables as of December 31, 2022 are as follows: Amount (in millions) 2023 $ 11,133 2024 2,874 2025 2,243 2026 1,609 2027 940 2028 and thereafter 461 Total $ 19,260
Schedule of carrying amount of restricted assets	At December 31, 2022 and 2021, the carrying amount of such restricted receivables included in financing receivables are the following (in millions): 2022 2021 Retail $ 6,766 $ 6,878 Wholesale 4,582 3,443 Total $ 11,348 $ 10,321
Schedule of allowance for credit loss	Allowance for credit losses activity for the year ended December 31, 2022 is as follows (in millions): December 31, 2022 Retail Wholesale Opening balance $ 220 $ 65 Provision 59 7 Charge-offs, net of recoveries (17) (7) Foreign currency translation and other 8 (1) Ending balance $ 270 $ 64 Allowance for credit losses activity for the year ended December 31, 2021 is as follows (in millions): December 31, 2021 Retail Wholesale Opening Balance $ 231 $ 62 Provision 22 6 Charge-offs, net of recoveries (22) 1 Foreign currency translation and other (11) (4) Ending balance $ 220 $ 65 Allowance for credit losses activity for the year ended December 31, 2020 is as follows (in millions): December 31, 2020 Retail Wholesale Opening balance, as previously reported $ 147 $ 71 Adoption of ASC 326 34 (4) Opening balance, as recast $ 181 $ 67 Provision 93 4 Charge-offs, net of recoveries (31) (5) Foreign currency translation and other (12) (4) Ending balance $ 231 $ 62
Schedule of aging of receivables	The aging of financing receivables as of December 31, 2022 is as follows (in millions): 2022 31-60 Days Past Due 61-90 Days Past Due Total Past Due Current Total Performing Non- Performing Total Retail North America 2022 $ 3,558 $ — $ 3,558 2021 2,035 1 2,036 2020 994 — 994 2019 472 — 472 2018 225 — 225 Prior to 2018 65 — 65 Total $ 42 $ 16 $ 58 $ 7,291 $ 7,349 $ 1 $ 7,350 South America 2022 $ 1,179 $ 2 $ 1,181 2021 725 3 728 2020 408 2 410 2019 207 1 208 2018 116 — 116 Prior to 2018 95 — 95 Total $ 12 $ — $ 12 $ 2,718 $ 2,730 $ 8 $ 2,738 Asia Pacific 2022 $ 601 $ — $ 601 2021 400 1 401 2020 220 1 221 2019 84 — 84 2018 35 — 35 Prior to 2018 3 — 3 Total $ 8 $ 8 $ 16 $ 1,327 $ 1,343 $ 2 $ 1,345 Europe, Middle East, Africa $ — $ — $ — $ 2 $ 2 $ 11 $ 13 Total Retail $ 62 $ 24 $ 86 $ 11,338 $ 11,424 $ 22 $ 11,446 Wholesale North America $ — $ — $ — $ 3,378 $ 3,378 $ — $ 3,378 South America — — — 1,416 1,416 — 1,416 Asia Pacific — — — 494 494 — 494 Europe, Middle East, Africa 7 2 9 2,488 2,497 — 2,497 Total Wholesale $ 7 $ 2 $ 9 $ 7,776 $ 7,785 $ — $ 7,785 The aging of financing receivables as of December 31, 2021 is as follows (in millions): 2021 31-60 Days Past Due 61-90 Days Past Due Total Past Due Current Total Performing Non- Performing Total Retail North America 2021 $ 3,159 $ — $ 3,159 2020 1,688 1 1,689 2019 901 1 902 2018 531 — 531 2017 229 — 229 Prior to 2017 73 — 73 Total $ 13 $ — $ 13 $ 6,568 $ 6,581 $ 2 $ 6,583 South America 2021 $ 881 $ — $ 881 2020 524 — 524 2019 295 — 295 2018 190 — 190 2017 105 — 105 Prior to 2017 72 — 72 Total $ 1 $ — $ 1 $ 2,066 $ 2,067 $ — $ 2,067 Asia Pacific 2021 $ 579 $ — $ 579 2020 357 4 361 2019 167 1 168 2018 99 1 100 2017 45 — 45 Prior to 2017 5 — 5 Total $ 10 $ 8 $ 18 $ 1,234 $ 1,252 $ 6 $ 1,258 Europe, Middle East, Africa $ 4 $ — $ 4 $ 43 $ 47 $ — $ 47 Total Retail $ 28 $ 8 $ 36 $ 9,911 $ 9,947 $ 8 $ 9,955 Wholesale North America $ — $ — $ — $ 2,339 $ 2,339 $ — $ 2,339 South America — — — 633 633 22 655 Asia Pacific 2 1 3 446 449 — 449 Europe, Middle East, Africa 5 1 6 1,924 1,930 — 1,930 Total Wholesale $ 7 $ 2 $ 9 $ 5,342 $ 5,351 $ 22 $ 5,373

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories (stated at the lower of cost or market, cost being determined on a FIFO basis) as of December 31, 2022 and 2021 consist of the following: 2022 2021 (in millions) Raw materials $ 1,955 $ 1,517 Work-in-process 471 570 Finished goods 2,385 2,129 Total Inventories $ 4,811 $ 4,216

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of property, plant, and equipment	A summary of property, plant and equipment as of December 31, 2022 and 2021 is as follows: 2022 2021 (in millions) Land and industrial buildings $ 1,807 $ 1,848 Plant, machinery and equipment 3,293 3,222 Construction in progress 194 130 Other 364 354 Gross property, plant and equipment 5,658 5,554 Accumulated depreciation (4,126) (4,079) Net property, plant and equipment $ 1,532 $ 1,475

Investments in Unconsolidated_2

Investments in Unconsolidated Subsidiaries and Affiliates (Tables)	12 Months Ended
	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Schedule of investments in unconsolidated subsidiaries and affiliates	A summary of investments in unconsolidated subsidiaries and affiliates as of December 31, 2022 and 2021 is as follows: 2022 2021 (in millions) Equity method $ 331 $ 286 Cost method 54 47 Total $ 385 $ 333
Schedule of results of operations and financial position	A summary of the combined results of operations and financial position as reported by the investees that CNH Industrial accounts for using the equity method is as follows (unaudited): For The Years Ended December 31, 2022 2021 2020 (in millions) Net revenue $ 2,096 $ 1,996 $ 1,462 Income before taxes $ 348 $ 332 $ 225 Net income $ 280 $ 247 $ 175 As of December 31, 2022 2021 (in millions) Total Assets $ 7,290 $ 6,789 Total Liabilities $ 6,376 $ 5,983 Total Equity $ 914 $ 806

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of future minimum lease payments under operating leases	Future minimum lease payments under non-cancellable leases as of December 31, 2022 were as follows: Amount Operating Leases (in millions) 2023 $ 63 2024 46 2025 37 2026 31 2027 23 2028 and thereafter 59 Total future minimum lease payments $ 259 Less: Interest 31 Total $ 228
Schedule of equipment on operating leases	A summary of equipment on operating leases as of December 31, 2022, and 2021 is as follows: 2022 2021 (in millions) Equipment on operating leases $ 1,894 $ 2,167 Accumulated depreciation (392) (429) Net equipment on operating leases $ 1,502 $ 1,738
Schedule of undiscounted lease payments to be received under operating leases	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) 2023 $ 197 2024 134 2025 72 2026 27 2027 8 2028 and thereafter — Total undiscounted lease payments $ 438

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill	Changes in the carrying amount of goodwill, for the years ended December 31, 2022 and 2021 are as follows: Agriculture Construction Financial Services Total (in millions) Balance at January 1, 2021 $ 1,695 $ 0 $ 143 $ 1,838 Foreign currency translation and other (1) (2) (2) (5) Acquisitions 1,326 51 — 1,377 Balance at December 31, 2021 $ 3,020 $ 49 $ 141 $ 3,210 Foreign currency translation and other 68 (3) (1) 64 Acquisitions 48 — — 48 Balance at December 31, 2022 $ 3,136 $ 46 $ 140 $ 3,322
Schedule of other intangible assets and related accumulated amortization	As of December 31, 2022, and December 31, 2021, the Company’s other intangible assets and related accumulated amortization consisted of the following: 2022 2021 Weighted Avg. Life Gross Accumulated Amortization Net Gross Accumulated Amortization Net (in millions) Other intangible assets subject to amortization: Dealer networks 15 $ 291 $ 242 $ 49 $ 290 $ 231 $ 59 Patents, concessions, licenses and other 5-25 1,796 1,153 643 1,851 1,097 754 2,087 1,395 692 2,141 1,328 813 Other intangible assets not subject to amortization: In-process research and development 165 — 165 122 — 122 Trademarks 272 — 272 272 — 272 Total Other intangible assets $ 2,524 $ 1,395 $ 1,129 $ 2,535 $ 1,328 $ 1,207

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Summary of issued bond outstanding	A summary of issued bonds outstanding as of December 31, 2022, is as follows: Currency Face value of outstanding bonds (in millions) Coupon Maturity Outstanding amount Industrial Activities Euro Medium Term Notes: CNH Industrial Finance Europe S.A. (1) EUR 369 2.875 % May 17, 2023 393 CNH Industrial Finance Europe S.A. (1) EUR 750 0.000 % April 1, 2024 800 CNH Industrial Finance Europe S.A. (1) EUR 650 1.750 % September 12, 2025 694 CNH Industrial Finance Europe S.A. (1) EUR 100 3.500 % November 12, 2025 107 CNH Industrial Finance Europe S.A. (1) EUR 500 1.875 % January 19, 2026 533 CNH Industrial Finance Europe S.A. (1) EUR 600 1.750 % March 25, 2027 640 CNH Industrial Finance Europe S.A. (1) EUR 50 3.875 % April 21, 2028 53 CNH Industrial Finance Europe S.A. (1) EUR 500 1.625 % July 3, 2029 533 CNH Industrial Finance Europe S.A. (1) EUR 50 2.200 % July 15, 2039 53 Other Bonds: CNH Industrial N.V. (2) USD 600 4.500 % August 15, 2023 600 CNH Industrial N.V. (2) USD 500 3.850 % November 15, 2027 500 Hedging effects, bond premium/discount, and unamortized issuance costs (70) Total Industrial Activities 4,836 Financial Services CNH Industrial Capital LLC USD 600 1.950 % July 2, 2023 600 CNH Industrial Capital LLC USD 500 4.200 % January 15, 2024 500 CNH Industrial Capital LLC USD 500 3.950 % May 23, 2025 500 CNH Industrial Capital LLC USD 400 5.450 % October 14, 2025 400 CNH Industrial Capital LLC USD 500 1.875 % January 15, 2026 500 CNH Industrial Capital LLC USD 600 1.450 % July 15, 2026 600 CNH Industrial Capital Canada Ltd. CAD 300 1.500 % October 1, 2024 222 CNH Industrial Capital Australia Pty Limited AUD 250 1.750 % July 8, 2024 170 CNH Industrial Capital Argentina S.A. USD 31 0.000 % 2023/2025 31 Banco CNH Industrial Capital S.A. BRL 3,077 8.120% 15.350% 2023/2028 589 Hedging effects, bond premium/discount, and unamortized issuance costs (66) Total Financial Services 4,046 (1) Bond listed on the Irish Stock Exchange (2) Bond listed on the New York Stock Exchange A summary of total debt as of December 31, 2022 and 2021, is as follows: 2022 2021 (in millions) Industrial Activities Financial Services Total Industrial Activities Financial Services Total Total Bonds $ 4,836 $ 4,046 $ 8,882 $ 5,184 $ 3,280 $ 8,464 Asset-backed debt — 9,751 9,751 — 8,875 8,875 Other debt 73 4,256 4,329 151 3,407 3,558 Intersegment debt 63 888 — 150 181 — Total Debt $ 4,972 $ 18,941 $ 22,962 $ 5,485 $ 15,743 $ 20,897 Payables to Iveco Group 5 151 156 334 168 502 Total Debt (Including Payables to Iveco Group) $ 4,977 $ 19,092 $ 23,118 $ 5,819 $ 15,911 $ 21,399
Schedule of minimum annual repayments of debt	A summary of the minimum annual repayments of debt as of December 31, 2022, for 2023 and thereafter is as follows: Industrial Activities Financial Services Consolidated (in millions) 2023 $ 1,032 $ 8,556 $ 9,588 2024 800 3,539 4,339 2025 800 2,670 3,470 2026 533 2,133 2,666 2027 1,101 664 1,765 2028 and thereafter 643 491 1,134 Payables to Iveco Group 5 151 156 Intersegment 63 888 — Total $ 4,977 $ 19,092 $ 23,118

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of sources of income before taxes in equity in income of unconsolidated subsidiaries and affiliates	The sources of income before taxes and equity in income of unconsolidated subsidiaries and affiliates for the years ended December 31, 2022, 2021, and 2020 are as follows: 2022 2021 2020 (in millions) Parent country source $ 143 $ 161 $ (97) Foreign sources 2,539 1,778 (82) Income (loss) before taxes and equity in income of unconsolidated subsidiaries and affiliates $ 2,682 $ 1,939 $ (179)
Schedule of income tax provision	The provision for income taxes for the years ended December 31, 2022, 2021 and 2020 consisted of the following: 2022 2021 2020 (in millions) Current income taxes $ 819 $ 498 $ 185 Deferred income taxes (72) (269) (100) Total income tax provision (benefit) $ 747 $ 229 $ 85
Schedule of reconciliation of income tax expense	Reconciliations of CNH Industrial’s income tax expense for the years ended December 31, 2022, 2021 and 2020 are as follows: 2022 2021 2020 (in millions) Tax provision at the parent statutory rate $ 510 $ 368 $ (34) Foreign income taxed at different rates 243 136 34 Change in valuation allowance (70) (207) 6 Tax contingencies 58 (18) (8) Tax credits and incentives (54) (79) (25) Goodwill impairment — — 111 Change in tax rate or law — (5) — Other 60 34 1 Total income tax provision (benefit) $ 747 $ 229 $ 85
Schedule of components of net deferred tax assets	The components of net deferred tax assets as of December 31, 2022 and 2021 are as follows: 2022 2021 (in millions) Deferred tax assets: Warranty and campaigns $ 86 $ 84 Allowance for credit losses 108 83 Marketing and sales incentive programs 359 293 Other risk and future charges reserve 40 42 Pension, postretirement and postemployment benefits 87 146 Leasing liabilities 55 49 Research and development costs 139 27 Other reserves 251 335 Tax credits and loss carry forwards 266 388 Less: Valuation allowances (343) (438) Total deferred tax assets $ 1,048 $ 1,009 Deferred tax liabilities: Property, plant and equipment $ 370 $ 414 Intangibles 180 190 Inventories 70 92 Other 80 47 Total deferred tax liabilities 700 743 Net deferred tax assets $ 348 $ 266 Net deferred tax assets are reflected in the accompanying consolidated balance sheets as of December 31, 2022 and 2021 as follows: 2022 2021 (in millions) Deferred tax assets $ 433 $ 421 Deferred tax liabilities (85) (125) Other liabilities — (30) Net deferred tax assets $ 348 $ 266
Schedule of reconciliation of the gross amounts of tax contingencies	A reconciliation of the gross amounts of tax contingencies at the beginning and end of the year is as follows: 2022 2021 (in millions) Balance, beginning of year $ 143 $ 179 Additions based on tax positions related to the current year 16 17 Additions for tax positions of prior years 35 9 Reductions for tax positions of prior years (16) (24) Reductions for tax positions as a result of lapse of statute (2) (1) Settlements (14) (37) Balance, end of year $ 162 $ 143

Employee Benefit Plans and Po_2

Employee Benefit Plans and Postretirement Benefits (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of defined benefit pension, healthcare and other postemployment plans	The following summarizes data from CNH Industrial’s defined benefit pension, healthcare and other postemployment plans for the years ended December 31, 2022 and 2021: Pension Healthcare (1) Other (1) 2022 2021 2022 2021 2022 2021 (in millions) Change in benefit obligations: Beginning benefit obligation $ 1,843 $ 1,984 $ 281 $ 409 $ 113 $ 130 Service cost 11 13 4 4 5 6 Interest cost 27 19 6 6 1 1 Plan participants’ contributions 1 1 4 6 — — Actuarial loss (gain) (476) (56) (52) (19) (15) (1) Gross benefits paid (77) (75) (28) (36) (7) (9) Plan amendments — — (6) (100) — — Currency translation adjustments and other (2) (154) (43) (28) 11 (8) (14) Ending benefit obligation $ 1,175 $ 1,843 $ 181 $ 281 $ 89 $ 113 Change in the fair value of plan assets: Beginning plan assets 1,474 1,451 130 145 — — Actual return on plan assets (357) 65 (21) 9 — — Employer contributions 46 43 — — — — Plan participants’ contributions 1 1 — — — — Gross benefits paid (65) (61) (9) (9) — — Currency translation adjustments and other (2) (120) (25) (42) (15) — — Ending plan assets 979 1,474 58 130 — — Funded status: $ (196) $ (369) $ (123) $ (151) $ (89) $ (113) (1) The healthcare and other postemployment plans are not required to be prefunded. (2) Includes the impact of the transfer of the outstanding pension benefit obligations related to certain retirees and beneficiaries within the U.S. plans through group annuity contract purchases in 2021 and 2022.
Schedule of defined benefit pension plans by significant geographical area	The following summarizes data from CNH Industrial’s defined benefit pension plans by significant geographical area for the years ended December 31, 2022 and 2021: U.S. U.K Germany (1) Other Countries (1) 2022 2021 2022 2021 2022 2021 2022 2021 (in millions) Change in benefit obligations: Beginning benefit obligation $ 174 $ 177 $ 1,288 $ 1,353 $ 157 $ 196 $ 224 $ 258 Service cost 3 3 — — — — 8 10 Interest cost 5 4 20 14 1 — 1 1 Plan participants’ contributions — — — — — — 1 1 Actuarial loss (gain) (51) (15) (360) (11) (29) (12) (36) (18) Gross benefits paid (3) 5 (48) (51) (11) (14) (15) (15) Plan amendments — — — — — — — — Currency translation adjustments and other (2) — — (130) (17) (10) (13) (14) (13) Ending benefit obligation $ 128 $ 174 $ 770 $ 1,288 $ 108 $ 157 $ 169 $ 224 Change in the fair value of plan assets: Beginning plan assets 205 204 1,057 1,029 4 5 208 213 Actual return on plan assets (43) (4) (292) 57 — — (22) 12 Employer contributions — — 39 35 — — 7 8 Plan participants’ contributions — — — — — — 1 1 Gross benefits paid (3) 5 (48) (51) — — (14) (15) Currency translation adjustments and other (2) — — (106) (13) — (1) (14) (11) Ending plan assets $ 159 $ 205 $ 650 $ 1,057 $ 4 $ 4 $ 166 $ 208 Funded status: $ 31 $ 31 $ (120) $ (231) $ (104) $ (153) $ (3) $ (16) (1) Pension benefits in Germany and some other countries are not required to be prefunded. (2) Includes the impact of the transfer of the outstanding pension benefit obligations related to certain retirees and beneficiaries within the U.S. plans through group annuity contract purchases in the fourth quarter of 2021.
Schedule of net amounts recognized in consolidated balance sheets	Net amounts recognized in the consolidated balance sheets as of December 31, 2022 and 2021 consist of: Pension Healthcare Other 2022 2021 2022 2021 2022 2021 (in millions) Other assets $ 41 $ 40 $ — $ — $ — $ — Pension, postretirement and other postemployment benefits (237) (409) (123) (151) (89) (113) Net liability recognized at end of year $ (196) $ (369) $ (123) $ (151) $ (89) $ (113)
Schedule of pre-tax amounts recognized in accumulated other comprehensive loss	Pre-tax amounts recognized in accumulated other comprehensive loss as of December 31, 2022 consist of: Pension Healthcare Other (in millions) Unrecognized actuarial losses (gains) $ 359 $ 1 $ (11) Unrecognized prior service credit (2) (86) (7) Accumulated other comprehensive loss $ 357 $ (85) $ (18)
Schedule of aggregate pension accumulated benefit obligation	The following table summarizes the aggregate pension accumulated benefit obligation and fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets: Pension 2022 2021 (in millions) Accumulated benefit obligation $ 888 $ 1,505 Fair value of plan assets $ 656 $ 1,102
Schedule of projected benefit obligations in excess of plan assets	The following table summarizes CNH Industrial’s pension and other postemployment plans with projected benefit obligations in excess of plan assets: Pension Healthcare Other 2022 2021 2022 2021 2022 2021 (in millions) Projected benefit obligation $ 969 $ 1,607 $ 181 $ 281 $ 89 $ 113 Fair value of plan assets $ 733 $ 1,198 $ 58 $ 130 $ — $ —
Schedule of net periodic benefit cost	The following summarizes the components of net periodic benefit cost of CNH Industrial’s defined benefit for the years ended December 31, 2022, 2021, and 2020: Pension Healthcare Other 2022 2021 2020 2022 2021 2020 2022 2021 2020 (in millions) Service cost $ 11 $ 13 $ 14 $ 4 $ 4 $ 4 $ 5 $ 6 $ 6 Interest cost 27 19 39 6 6 10 1 1 1 Expected return on assets (47) (53) (69) (5) (7) (7) — — — Amortization of: Prior service cost (credit) — — — (126) (136) (130) — — (1) Actuarial loss (gain) 19 25 34 1 3 2 (2) 2 1 Settlement loss and other (3) — 125 3 — — 1 2 2 Net periodic benefit cost (credit) $ 7 $ 4 $ 143 $ (117) $ (130) $ (121) $ 5 $ 11 $ 9
Schedule of net periodic benefit cost recognized in net income and other changes in plan assets and benefit obligations	Net periodic benefit cost recognized in net income and other changes in plan assets and benefit obligations that are recognized in other comprehensive loss during 2022 consist of: Pension Healthcare Other (in millions) Net periodic benefit cost $ 7 $ (117) $ 5 Benefit adjustments included in other comprehensive (income) loss: Net actuarial losses (gains) (19) (1) 1 Amortization of actuarial losses (70) (29) (16) Amortization of prior service (cost) credit — 120 — Currency translation adjustments and other (46) — 1 Total recognized in other comprehensive (income) loss (135) 90 (14) Total recognized in comprehensive loss $ (128) $ (27) $ (9)
Schedule of assumptions utilized in determining the funded status and the net periodic benefit cost	The following assumptions were utilized in determining the funded status at December 31, 2022 and 2021, and the net periodic benefit cost of CNH Industrial’s defined benefit plans for the years ended December 31, 2022, 2021, and 2020: Pension plans Healthcare plans Other (in %) 2022 2021 2020 2022 2021 2020 2022 2021 2020 Assumptions used to determine funded status at December 31 Weighted-average discount rate 4.64 1.79 1.25 5.28 2.59 2.16 4.11 1.12 0.59 Weighted-average rate of compensation increase 3.03 2.41 2.26 4.00 4.00 n/a 3.19 2.33 2.08 Weighted-average, initial healthcare cost trend rate n/a n/a n/a 5.12 4.18 4.39 n/a n/a n/a Weighted-average, ultimate healthcare cost trend rate(*) n/a n/a n/a 4.00 3.58 3.95 n/a n/a n/a Assumptions used to determine expense Weighted-average discount rates - service cost 1.32 0.94 1.39 3.15 2.57 3.27 1.36 0.77 0.92 Weighted-average discount rates - interest cost 1.59 0.98 1.81 2.87 1.55 2.62 0.99 0.47 0.61 Weighted-average rate of compensation increase 2.41 2.26 3.24 4.00 n/a n/a 2.33 2.08 2.14 Weighted-average long-term rates of return on plan assets 3.42 3.71 4.08 4.76 4.85 5.00 n/a n/a n/a Weighted-average, initial healthcare cost trend rate n/a n/a n/a 4.18 4.39 4.68 n/a n/a n/a Weighted-average, ultimate healthcare cost trend rate(*) n/a n/a n/a 3.58 3.95 4.20 n/a n/a n/a
Schedule of weighted average target asset allocation	Weighted average target asset allocation for all plans for 2022 are as follows: All Plans Asset category: Equity securities 8 % Debt securities 49 % Cash/Other 43 %
Schedule of fair value of plan assets by asset category and level within the fair value hierarchy	The following summarizes the fair value of plan assets by asset category and level within the fair value hierarchy as of December 31, 2022: Total Level 1 Level 2 Level 3 (in millions) Equity securities: U.S. equities $ — $ — $ — $ — Non-U.S. equities — — — — Total Equity securities — — — — Fixed income securities: U.S. government bonds 7 6 1 — U.S. corporate bonds 20 15 5 — Non-U.S. government bonds 29 7 22 — Non-U.S. corporate bonds 13 — 13 — Mortgage backed securities 3 — 3 — Other fixed income 3 — 3 — Total Fixed income securities 75 28 47 — Other types of investments: Mutual funds (A) 901 — 901 — Insurance contracts 40 — — 40 Derivatives—credit contracts — — — — Real estate — — — — Total Other types of investments 941 — 901 40 Cash: 21 6 15 — Total $ 1,037 $ 34 $ 963 $ 40 (A) This category includes mutual funds, which primarily invest in non-U.S. equities and non-U.S. corporate bonds. The following summarizes the fair value of plan assets by asset category and level within the fair value hierarchy as of December 31, 2021: Total Level 1 Level 2 Level 3 (in millions) Equity securities: U.S. equities $ — $ — $ — $ — Non-U.S. equities — — — — Total Equity securities — — — — Fixed income securities: U.S. government bonds 72 72 — — U.S. corporate bonds 7 — 7 — Non-U.S. government bonds 40 9 31 — Non-U.S. corporate bonds 18 — 18 — Mortgage backed securities — — — — Other fixed income — — — — Total Fixed income securities 137 81 56 — Other types of investments: Mutual funds (A) 1,387 — 1,387 — Insurance contracts 45 — — 45 Derivatives—credit contracts — — — — Real estate — — — — Total Other types of investments 1,432 — 1,387 45 Cash: 35 15 20 — Total $ 1,604 $ 96 $ 1,463 $ 45 (A) This category includes mutual funds, which primarily invest in non-U.S. equities and non-U.S. corporate bonds.
Schedule of changes in level 3 plan assets	The following table presents the changes in the Level 3 plan assets for the year ended December 31, 2022: Insurance Contracts (in millions) Balance at December 31, 2021 $ 45 Actual return on plan assets relating to assets still held at reporting date (1) Purchases 4 Settlements (7) Transfers in and/or out of level 3 — Currency impact (1) Balance at December 31, 2022 $ 40 The following table presents the changes in the Level 3 plan assets for the year ended December 31, 2021: Insurance Contracts (in millions) Balance at December 31, 2020 $ 48 Actual return on plan assets relating to assets still held at reporting date — Purchases 4 Settlements (5) Transfers in and/or out of Level 3 — Currency impact (2) Balance at December 31, 2021 $ 45
Schedule of cash flows related to total benefits expected to be paid	The benefit expected to be paid from the benefit plans, which reflect expected future years of service, and the Medicare subsidy expected to be received are as follows: Pension Plans Healthcare Other (in millions) 2023 $ 73 $ 19 $ 7 2024 70 18 8 2025 73 18 8 2026 74 17 8 2027 84 17 8 2028 - 2032 402 84 43 Total $ 776 $ 173 $ 82

Other Liabilities (Tables)

Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Summary of other liabilities	A summary of “Other liabilities” as of December 31, 2022 and 2021 is as follows: 2022 2021 (in millions) Warranty and campaign programs 544 526 Marketing and sales incentive programs 1,556 1,325 Tax payables 506 671 Accrued expenses and deferred income 700 559 Accrued employee benefits 535 546 Lease liabilities 228 196 Legal reserves and other provisions 263 187 Contract reserve 16 12 Contract liabilities 33 20 Restructuring reserve 30 29 Other 436 692 Total $ 4,847 $ 4,763
Summary of recorded activity for the basic warranty and campaign program accrual	A summary of recorded activity for the basic warranty and campaign program accrual for the years ended December 31, 2022 and 2021 are as follows: 2022 2021 (in millions) Balance, beginning of year $ 526 $ 507 Current year additions 475 417 Claims paid (440) (382) Currency translation adjustment and other (17) (16) Balance, end of year $ 544 $ 526
Schedule of restructuring activity	The following table sets forth restructuring activity for the years ended December 31, 2022, 2021 and 2020: Severance and Other Employee Costs Facility Related Costs Other Restructuring Total (in millions) Balance at January 1, 2020 $ 40 $ 28 $ (7) $ 61 Restructuring charges 17 3 2 22 Reserves utilized: cash (47) (8) (2) (57) Reserves utilized: non-cash (3) — 3 — Currency translation adjustments (2) (5) 7 — Balance at December 31, 2020 $ 5 $ 18 $ 3 $ 26 Restructuring charges 34 — 1 35 Reserves utilized: cash (30) (1) (1) (32) Reserves utilized: non-cash 8 (6) (2) — Currency translation adjustments — — — — Balance at December 31, 2021 $ 17 $ 11 $ 1 $ 29 Restructuring charges 23 4 4 31 Reserves utilized: cash (12) (3) (3) (18) Reserves utilized: non-cash (2) (9) — (11) Currency translation adjustments (1) — — (1) Balance at December 31, 2022 $ 25 $ 3 $ 2 $ 30

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of financing agreements	At December 31, 2022, Financial Services has various agreements to extend credit for the following financing arrangements: Facility Total Credit Limit Utilized Not Utilized (in millions) Wholesale and dealer financing $ 6,818 $ 3,572 $ 3,246 Revolving charge accounts 2,456 209 2,247

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
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 on accumulated other comprehensive income (loss) and net income during the year ended December 31, 2022, December 31, 2021, and December 31, 2020 (in millions): Recognized in Net Income For the Year Ended December 31, Gain (Loss) Recognized in Accumulated Other Comprehensive Income Classification of Gain (Loss) Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income 2022 Foreign exchange contracts $ (191) Net sales $ (1) Cost of goods sold (219) Other, net 3 Interest expense, net 30 Interest rate contracts 59 Total $ (132) $ (187) 2021 Foreign exchange contracts $ (57) Net sales $ 2 Cost of goods sold (11) Other, net (4) Interest expense, net 3 Interest rate contracts 49 Total $ (8) $ (10) 2020 Foreign exchange contracts $ 96 Net sales $ (7) Cost of goods sold 31 Other, net 6 Interest expense, net (5) Interest rate contracts (14) Total $ 82 $ 25 Significant amounts reclassified out of each component of accumulated other comprehensive income (loss) in December 31, 2022 and 2021 consisted of the following: Amount Reclassified from Other Comprehensive Income (Loss) Consolidated Statement of Operations line 2022 2021 (in millions) Cash flow hedges $ 1 $ (2) Net sales 219 11 Cost of goods sold (3) 4 Other, net (30) (3) Interest expense (17) (1) Income taxes $ 170 $ 9 Change in retirement plans’ funded status: Amortization of actuarial losses $ 18 $ 30 * Amortization of prior service cost (126) (136) * 47 (14) Income taxes $ (61) $ (120) Total reclassifications, net of tax $ 109 $ (111)
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 activity in accumulated other comprehensive income related to the derivatives held by the Company during the years ended December 31, 2022, December 31, 2021, and December 31, 2020: (in millions) Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2021 $ (3) $ (14) $ (17) Impact of demerger 19 — 19 Net changes in fair value of derivatives (132) 4 (128) Net losses reclassified from accumulated other comprehensive income into income 187 (17) 170 Accumulated derivative net losses as of December 31, 2022 $ 71 $ (27) $ 44 (in millions) Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2020 $ (5) $ (1) $ (6) Net changes in fair value of derivatives (8) (12) (20) Net losses reclassified from accumulated other comprehensive income into income 10 (1) 9 Accumulated derivative net losses as of December 31, 2021 $ (3) $ (14) $ (17) (in millions) Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2019 $ (62) $ 8 $ (54) Net changes in fair value of derivatives 82 (8) 74 Net losses reclassified from accumulated other comprehensive income into income (25) (1) (26) Accumulated derivative net losses as of December 31, 2020 $ (5) $ (1) $ (6) The following tables summarize the impact of the changes in the fair value of fair value hedges and derivatives not designated as hedging instruments had on earnings for the year ended December 31, 2022, December 31, 2021, and December 31, 2020: For the Year Ended December 31, (in millions) Classification of Gain 2022 2021 2020 Fair Value Hedges Interest rate derivatives Interest expense $ (104) $ (47) $ 31 Not Designated as Hedges Foreign exchange contracts Other, Net $ (16) $ (11) $ 86
Summary of fair value of derivatives	The fair values of CNH Industrial’s derivatives as of December 31, 2022 and December 31, 2021 in the consolidated balance sheets are recorded as follows: December 31, 2022 December 31, 2021 (in millions of dollars) Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments under Subtopic 815-20 Interest rate contracts Derivative assets 77 Derivative assets 65 Foreign currency contracts Derivative assets 70 Derivative assets 77 Total derivative assets designated as hedging instruments 147 142 Interest rate contracts Derivative liabilities 106 Derivative liabilities 28 Foreign currency contracts Derivative liabilities 56 Derivative liabilities 101 Total derivative liabilities designated as hedging instruments 162 129 Derivatives not designated as hedging instruments under Subtopic 815-20 Interest rate contracts Derivative assets 28 Derivative assets 11 Foreign currency contracts Derivative assets 14 Derivative assets 29 Total derivative assets not designated as hedging instruments 42 40 Interest rate contracts Derivative liabilities 28 Derivative liabilities 12 Foreign currency contracts Derivative liabilities 14 Derivative liabilities 40 Total derivative liabilities not designated as hedging instruments 42 52
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 December 31, 2022 and December 31, 2021: Level 1 Level 2 Total December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 (in millions) Assets Foreign exchange derivatives $ — $ — $ 84 $ 106 $ 84 $ 106 Interest rate derivatives — — 105 76 105 76 Total Assets $ — $ — $ 189 $ 182 $ 189 $ 182 Liabilities Foreign exchange derivatives $ — $ — $ 70 $ 141 $ 70 $ 141 Interest rate derivatives — — 134 40 134 40 Total Liabilities $ — $ — $ 204 $ 181 $ 204 $ 181
Schedule of investments measured on nonrecurring basis	The following tables present the fair value for nonrecurring Level 3 measurements from impairments as of December 31, 2022 and 2021: Fair Value Losses 2022 2021 2022 2021 (in millions) Property, plant and equipment $ 7 $ — $ 17 $ —
Summary of estimated fair market values	The estimated fair market values of financial instruments not carried at fair value in the consolidated balance sheets as of December 31, 2022 and 2021 are as follows: December 31, 2022 December 31, 2021 Carrying Fair Carrying Fair (in millions) Financing receivables $19,260 $18,827 $15,376 $15,605 Debt $22,962 $22,651 $20,897 $21,091

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of stock	Changes in the composition of the share capital of CNH Industrial during 2022, 2021, and 2020 are as follows: (number of shares) CNH Industrial N.V. Common Shares CNH Industrial N.V. Loyalty Program Special Voting Shares Total CNH Industrial N.V. Shares Total CNH Industrial N.V. shares at December 31, 2019 1,350,132,117 387,951,166 1,738,083,283 Capital increase 3,778,354 — 3,778,354 Common Stock Repurchase — — — Retirement of special voting shares — (16,623,012) (16,623,012) Total CNH Industrial N.V. shares at December 31, 2020 1,353,910,471 371,328,154 1,725,238,625 Capital increase 2,166,529 — 2,166,529 Common stock repurchases — — — Retirement of special voting shares — (109,904) (109,904) Total CNH Industrial N.V. shares at December 31, 2021 1,356,077,000 371,218,250 1,727,295,250 Capital increase 554,023 — 554,023 Common stock repurchases (12,390,052) — (12,390,052) Retirement of special voting shares — (145,297) (145,297) Total CNH Industrial N.V. shares at December 31, 2022 1,344,240,971 371,072,953 1,715,313,924

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Schedule of performance-based share units	The following table reflects the activity of PSUs under the 2021-2023 Long-Term Incentive Plan for the year ended December 31, 2022: 2022 Performance Shares Weighted Average Grant-Date Fair Value Nonvested as of December 31, 2021 9,421,225 $ 11.55 Less: Awards transferred to Iveco Group (1,950,170) 10.87 Plus: Adjustment to awards for continuing employees 1,093,025 N/A Nonvested as of January 5, 2022 8,564,080 7.31 Granted 2,456,659 14.04 Forfeited/Cancelled (173,331) 8.89 Vested — — Nonvested at end of year 10,847,408 $ 8.81
Schedule of activity of restricted share units	The following table reflects the activity of RSUs under the 2017-2019 Long-Term Incentive Plan and 2021-2023 Long-Term Incentive Plan for the year ended December 31, 2022: 2022 Restricted Shares Weighted Average Grant-Date Fair Value Nonvested at beginning of year 4,370,079 $ 11.72 Less: Awards transferred to Iveco Group (1,039,271) 10.98 Plus: Adjustment to awards for continuing employees 485,692 N/A Nonvested as of January 5, 2022 3,816,500 6.76 Granted 2,275,329 13.90 Forfeited (143,410) 10.96 Vested (524,524) 6.62 Nonvested at end of year 5,423,895 $ 9.66
Schedule of additional share-based compensation	The table below provides additional share-based compensation information for the years ended December 31, 2022, 2021, and 2020: 2022 2021 2020 (in millions) Total intrinsic value of options exercised and shares vested $ 22 $ 35 $ 41 Fair value of shares vested $ 3 $ 25 $ 42

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Reconciliation of basic and diluted earnings (loss) per share	The following table sets forth the computation of basic EPS and diluted EPS for the years ended December 31, 2022, 2021 and 2020. 2022 2021 2020 (in millions, except per share data) Basic: Net income (loss) attributable to CNH Industrial $ 2,029 $ 1,723 $ (493) Net income (loss) attributable to CNH Industrial from continuing operations 2,029 1,792 (212) Net income (loss) attributable to CNH Industrial from discontinued operations — (69) (281) Basic earnings (loss) per share attributable to common shareholders: Weighted average common shares outstanding—basic 1,351 1,354 1,351 Continuing operations $ 1.50 $ 1.32 $ (0.15) Discontinued operations $ — $ (0.05) $ (0.21) Basic earnings (loss) per share $ 1.50 $ 1.27 $ (0.36) Diluted: Net income (loss) attributable to CNH Industrial $ 2,029 $ 1,723 $ (493) Net income (loss) attributable to CNH Industrial from continuing operations 2,029 1,792 (212) Net income (loss) attributable to CNH Industrial from discontinued operations — (69) (281) Weighted average common shares outstanding—basic 1,351 1,354 1,351 Effect of dilutive securities (when dilutive): Stock compensation plans 11 7 — Weighted average common shares outstanding—diluted (A) 1,362 1,361 1,351 Continuing operations $ 1.49 $ 1.32 $ (0.15) Discontinued operations $ — $ (0.05) $ (0.21) Diluted earnings (loss) per share $ 1.49 $ 1.27 $ (0.36) (A) For the twelve months ended December 31, 2022, and 2021 0.50 million and 0.06 million shares were excluded from the computation of diluted earnings per share due to an anti-dilutive impact.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2022
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: Year Ended December 31, 2022 (in millions) Gross Amount Income Taxes Net Amount Unrealized gain (loss) on cash flow hedges $ 56 $ (12) $ 44 Changes in retirement plans’ funded status 29 12 41 Foreign currency translation 158 — 158 Share of other comprehensive loss of entities using the equity method (25) — (25) Other comprehensive loss $ 218 $ — $ 218 Year Ended December 31, 2021 (in millions) Gross Amount Income Taxes Net Amount Unrealized gain (loss) on cash flow hedges $ 2 $ (13) $ (11) Changes in retirement plans’ funded status 109 (15) 94 Foreign currency translation 247 — 247 Share of other comprehensive loss of entities using the equity method (93) — (93) Other comprehensive loss $ 265 $ (28) $ 237 Year Ended December 31, 2020 (in millions) Gross Amount Income Taxes Net Amount Unrealized gain (loss) on cash flow hedges $ 57 $ (9) $ 48 Changes in retirement plans’ funded status (10) 7 (3) Foreign currency translation (735) — (735) Share of other comprehensive loss of entities using the equity method 20 — 20 Other comprehensive income $ (668) $ (2) $ (670)
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 Gain (Loss) on Cash Flow Hedges Change in Retirement Plans’ Funded Status Foreign Currency Translation Share of Other Comprehensive Income of Entities Using the Equity Method Total Balance, December 31, 2019 $ (54) $ (650) $ (1,145) $ (153) $ (2,002) Other comprehensive income (loss), before reclassifications 74 143 (739) 20 (502) Amounts reclassified from other comprehensive income (26) (146) — — (172) Other comprehensive income (loss) 1 48 (3) (739) 20 (674) Reclassification of certain tax effects — — — — — Balance, December 31, 2020 $ (6) $ (653) $ (1884) $ (133) $ (2,676) Other comprehensive income (loss), before reclassifications (20) 202 241 (93) 330 Amounts reclassified from other comprehensive income 9 (108) — — (99) Other comprehensive income (loss) 1 (11) 94 241 (93) 231 Balance, December 31, 2021 $ (17) $ (559) $ (1,643) $ (226) $ (2,445) Demerger of Iveco Group 19 233 (316) 12 (52) Balance, January 1, 2022 2 (326) (1,959) -214 (2,497) Other comprehensive income (loss), before reclassifications (126) 102 159 (25) 110 Amounts reclassified from other comprehensive income 170 (61) — — 109 Other comprehensive income (loss) 1 44 41 159 (25) 219 Balance, December 31, 2022 $ 46 $ (285) $ (1,800) $ (239) $ (2,278)
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 on accumulated other comprehensive income (loss) and net income during the year ended December 31, 2022, December 31, 2021, and December 31, 2020 (in millions): Recognized in Net Income For the Year Ended December 31, Gain (Loss) Recognized in Accumulated Other Comprehensive Income Classification of Gain (Loss) Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income 2022 Foreign exchange contracts $ (191) Net sales $ (1) Cost of goods sold (219) Other, net 3 Interest expense, net 30 Interest rate contracts 59 Total $ (132) $ (187) 2021 Foreign exchange contracts $ (57) Net sales $ 2 Cost of goods sold (11) Other, net (4) Interest expense, net 3 Interest rate contracts 49 Total $ (8) $ (10) 2020 Foreign exchange contracts $ 96 Net sales $ (7) Cost of goods sold 31 Other, net 6 Interest expense, net (5) Interest rate contracts (14) Total $ 82 $ 25 Significant amounts reclassified out of each component of accumulated other comprehensive income (loss) in December 31, 2022 and 2021 consisted of the following: Amount Reclassified from Other Comprehensive Income (Loss) Consolidated Statement of Operations line 2022 2021 (in millions) Cash flow hedges $ 1 $ (2) Net sales 219 11 Cost of goods sold (3) 4 Other, net (30) (3) Interest expense (17) (1) Income taxes $ 170 $ 9 Change in retirement plans’ funded status: Amortization of actuarial losses $ 18 $ 30 * Amortization of prior service cost (126) (136) * 47 (14) Income taxes $ (61) $ (120) Total reclassifications, net of tax $ 109 $ (111)

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of reconciliation of profit under US GAAP	The following table includes the reconciliation of Adjusted EBIT for Industrial Activities to net income, the most comparable U.S. GAAP financial measure, for the years ended December 31, 2022, 2021, and 2020. Years Ended December 31, 2022 2021 2020 (in millions) Agriculture $ 2,456 $ 1,810 $ 880 Construction 124 90 (184) Unallocated items, eliminations, and other (147) (137) (113) Total Adjusted EBIT of Industrial Activities 2,433 1,763 583 Financial Services Net Income 338 349 243 Financial Services Income Taxes 125 107 85 Interest expense of Industrial Activities, net of interest income and eliminations (119) (118) (140) Foreign exchange (gains) losses, net of Industrial Activities (59) (1) (12) Finance and non-service component of Pension and other post-employment benefit costs of Industrial Activities (1) 124 143 (9) Restructuring expenses of Industrial Activities (31) (35) (22) Goodwill impairment charge — — (585) Other discrete items of Industrial Activities (2) (25) (178) (256) Income (loss) before taxes 2,786 2,030 (113) Income tax benefit (expense) (747) (229) (85) Net (loss) from discontinued operations $ — $ (41) $ (240) Net Income (loss) $ 2,039 $ 1,760 $ (438) (1) In the years ended December 31, 2022, 2021 and 2020 this item includes the pre-tax gain of $90 million, $119 million and $119 million as a result of the amortization over approximately 4.5 years of the $527 million positive impact from 2018 modification of a healthcare plan in the U.S. In the year ended December 31, 2022 and December 31, 2021, this item also includes a pre-tax gain of $24 million and $5 million as a result of the amortization over 4 years of the $101 million positive impact from 2021 modifications of a healthcare plan in the U.S. which occurred in the fourth quarter of 2021. In the year ended December 31, 2020, this item also included a pre-tax non-cash settlement charge of $124 million, respectively, resulting from the purchase of annuity contracts to settle a portion of the outstanding U.S. pension obligations. (2) In the year ended December 31, 2022, this item included $43 million of asset write-downs, $25 million of separation costs incurred in connection with spin-off of the Iveco Group Business and $22 million of costs related to the activity of the Raven segments held for sale, including the loss on the sale of the Engineered Films and Aerostar divisions, partially offset by a $65 million gain on the sale of our Canada parts depot. In the year ended December 31, 2021, this item included $133 million separation costs in connection with the spin-off of the Iveco Group business and a charge of $57 million for transaction costs related to the acquisition of Raven Industries, Inc., partially offset by a gain of $12 million for a fair value adjustment of Monarch Tractor investments. In the year ended December 31, 2020, this item mainly includes impairment of intangible and other long-lived assets.
Schedule of profit by reportable segment	The following table provides key segment information for the Financial Services segment: Years Ended December 31, 2022 2021 2020 (in millions) Financial Services Net Income (from continuing operations) $ 338 $ 349 $ 243 Financial Services Interest Revenue (1) $ 1,149 $ 918 $ 964 Financial Services Interest Expense $ 601 $ 409 $ 485 (1) This amount excludes interest included in operating leases rentals.
Summary of operating segment information	A summary of additional operating segment information as of and for the years ended December 31, 2022, 2021, and 2020 is as follows: Years Ended December 31, 2022 2021 2020 (in millions) Revenues: Agriculture $ 17,969 $ 14,721 $ 10,923 Construction 3,572 $ 3,081 $ 2,170 Eliminations and other — $ — $ (10) Net sales of Industrial Activities 21,541 $ 17,802 $ 13,083 Financial Services 1,996 $ 1,672 $ 1,660 Eliminations and other 14 $ 22 $ 36 Total Revenues $ 23,551 $ 19,496 $ 14,779 Depreciation and Amortization (*): Agriculture $ 287 $ 254 $ 248 Construction 38 $ 38 $ 46 Other activities and adjustments — $ 1 $ 2 Depreciation and amortization of Industrial Activities 325 $ 293 $ 296 Financial Services 2 $ 2 $ 2 Depreciation and amortization $ 327 $ 295 $ 298 Expenditures for long-lived assets (**): Agriculture $ 393 $ 307 $ 185 Construction 63 $ 53 $ 42 Other activities — $ — $ 2 Expenditures for long-lived assets of Industrial Activities 456 $ 360 $ 229 Financial Services 5 $ 5 $ 3 Expenditures for long-lived assets $ 461 $ 365 $ 232 (*) Excluding equipment on operating leases (**) Excluding equipment on operating leases and right of use assets
Summary of net revenue	The following tables summarize previously reported revenues for the years ended December 31, 2022, 2021 and 2020: Year Ended December 31, 2022 2021 2020 (in millions) Agriculture $ 17,969 $ 14,721 $ 10,923 Construction 3,572 3,081 2,170 Eliminations and Other — — (10) Total Industrial Activities 21,541 17,802 13,083 Financial Services 1,996 1,672 1,660 Eliminations and Other 14 22 36 Total Revenues $ 23,551 $ 19,496 $ 14,779 2022 2021 2020 (in millions) United States $ 8,189 $ 6,387 $ 5,054 Italy 592 556 427 France 1,123 1,084 972 Brazil 3,904 2,414 1,553 Germany 674 564 479 Canada 1,530 1,341 918 Australia 982 857 644 Spain 263 283 231 Argentina 565 418 346 Poland 449 425 267 Other 4,723 4,619 3,460 Total Revenues from external customers in the rest of world $ 22,994 $ 18,948 $ 14,351
Schedule of long-lived assets by geographical area	The following highlights long-lived tangible and intangible assets by geography in the rest of the world: At December 31, 2022 2021 (in millions) United States $ 5,669 $ 5,801 Italy 437 424 France 48 48 Germany 17 19 Spain 1 1 Canada 548 568 Brazil 162 127 China 55 61 Other 420 449 Total Long-lived assets in the rest of the world $ 7,357 $ 7,498

Related Party Information (Tabl

Related Party Information (Tables)	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Schedule of related party transactions	These transactions with Stellantis are reflected in the Company’s consolidated financial statements as follows: 2022 2021 2020 (in millions) Net sales $ — $ — $ — Cost of goods sold $ 17 $ 31 $ 17 Selling, general and administrative expenses $ 48 $ 59 $ 55 December 31, 2022 December 31, 2021 (in millions) Trade receivables $ — $ — Trade payables $ 14 $ 20 The transactions with Iveco Group post-Demerger are reflected in the consolidated financial statements as follows: 2022 2021 2020 (in millions) Net sales $ 48 $ 21 $ 28 Cost of goods sold $ 930 $ 948 $ 601 Selling, general and administrative expenses $ — $ — $ — December 31, 2022 December 31, 2021 (in millions) Trade receivables $ 21 $ 87 Receivables from Iveco Group N.V. $ 298 $ — Trade payables $ 184 $ 181 Payables to Iveco Group N.V. $ 156 $ 502 2022 2021 2020 (in millions) Net sales $ 400 $ 402 $ 211 Cost of goods sold $ 554 $ 496 $ 399 December 31, 2022 December 31, 2021 (in millions) Trade receivables $ — $ — Trade payables $ 100 $ 101

Presentation - Additional Infor

Presentation - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

Presentation - Assets and Liabi

Presentation - Assets and Liabilities Held for Distribution (Details) - Discontinued Operations, Held-for-sale $ in Millions	Dec. 31, 2021 USD ($)
ASSETS HELD FOR DISTRIBUTION
Cash and cash equivalents	$ 961
Restricted cash	55
Trade receivables, net	165
Financing receivables, net	3,284
Inventories, net	3,005
Property, plant and equipment, net	3,221
Investments in unconsolidated subsidiaries and affiliates	613
Equipment under operating leases	66
Goodwill, net	80
Other intangible assets, net	141
Deferred tax assets	1,059
Other assets	896
Total Assets Held for Distribution	13,546
LIABILITIES HELD FOR DISTRIBUTION
Debt	2,343
Trade payables	3,366
Deferred tax liabilities	14
Pension, postretirement and other postemployment benefits	560
Other liabilities	5,609
Total Liabilities Held for Distribution	$ 11,892

Presentation - Statement of Dis

Presentation - Statement of Discontinued Operation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Costs and Expenses
Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates	$ 2,682	$ 1,939	$ (179)
Income tax (expense) benefit	(747)	(229)	(85)
Equity in income of unconsolidated subsidiaries and affiliates	$ 104	91	66
Discontinued Operations, Held-for-sale
Revenues
Net sales		14,743	11,772
Finance, interest and other income		194	140
Total Revenues		14,937	11,912
Costs and Expenses
Cost of goods sold		12,765	10,745
Selling, general and administrative expenses		989	859
Research and development expenses		594	439
Restructuring expenses		39	27
Interest expense		129	107
Other, net		380	61
Total Costs and Expenses		14,896	12,238
Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates		41	(326)
Income tax (expense) benefit		(113)	135
Equity in income of unconsolidated subsidiaries and affiliates		31	(49)
Net Income (loss) from discontinued operations		$ (41)	$ (240)

Presentation - Cash Flow from D

Presentation - Cash Flow from Discontinued Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities:
Net income (loss) from discontinued operations	$ 0	$ (41)	$ (240)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense, net of assets under operating lease and assets sold under buy-back commitments	327	295	298
Depreciation and amortization expense of assets under operating leases and assets sold under buy-back commitments	208	242	240
(Gain) Loss on disposal of assets	(42)	0	6
Undistributed income (loss) of unconsolidated subsidiaries	(69)	(29)	(36)
Other non-cash items	196	126	498
Changes in operating assets and liabilities:
Provisions	189	93	(131)
Deferred income taxes	(50)	(273)	(72)
Trade and financing receivables related to sales, net	(2,447)	191	1,011
Inventories, net	(151)	(555)	1,224
Trade payables	125	738	314
Other assets and liabilities	232	561	449
Cash flow from operating activities of discontinued operation	0	884	1,341
Investing activities:
Additions to retail receivables	(5,971)	(5,328)	(4,459)
Collections of retail receivables	4,360	4,338	3,964
Proceeds from the sale of assets, net of assets under operating leases and assets sold under buy-back commitments	97	11	0
Expenditures for property, plant and equipment and intangible assets, net of assets under operating leases and assets sold under buy-back commitments	(461)	(365)	(232)
Expenditures for assets under operating leases and assets sold under buy-back commitments	(538)	(556)	(614)
Other	(496)	(2,670)	(614)
Cash flow from investing activities discontinued operation	0	(431)	(795)
Financing activities:
Proceeds from long-term debt	11,183	7,988	8,888
Payments of long-term debt	(9,223)	(9,088)	(7,227)
Net increase (decrease) in other financial liabilities	580	(111)	(587)
Dividends paid	(423)	(188)	(8)
Cash flow from financing activities of discontinued operation	$ 0	(46)	(407)
Discontinued Operations, Held-for-sale
Operating activities:
Net income (loss) from discontinued operations		(41)	(240)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense, net of assets under operating lease and assets sold under buy-back commitments		316	332
Depreciation and amortization expense of assets under operating leases and assets sold under buy-back commitments		296	302
(Gain) Loss on disposal of assets		(44)	1
Undistributed income (loss) of unconsolidated subsidiaries		(13)	51
Other non-cash items		197	72
Changes in operating assets and liabilities:
Provisions		87	90
Deferred income taxes		36	(192)
Trade and financing receivables related to sales, net		54	118
Inventories, net		(216)	678
Trade payables		25	87
Other assets and liabilities		187	42
Cash flow from operating activities of discontinued operation		884	1,341
Investing activities:
Additions to retail receivables		(42)	(12)
Collections of retail receivables		50	31
Proceeds from the sale of assets, net of assets under operating leases and assets sold under buy-back commitments		0	3
Expenditures for property, plant and equipment and intangible assets, net of assets under operating leases and assets sold under buy-back commitments		(348)	(252)
Expenditures for assets under operating leases and assets sold under buy-back commitments		(763)	(752)
Other		672	187
Cash flow from investing activities discontinued operation		(431)	(795)
Financing activities:
Proceeds from long-term debt		3,459	3,119
Payments of long-term debt		(3,602)	(3,285)
Net increase (decrease) in other financial liabilities		97	(241)
Dividends paid		0	0
Cash flow from financing activities of discontinued operation		$ (46)	$ (407)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details)				12 Months Ended
	May 16, 2022 USD ($)	Dec. 30, 2021 USD ($)	Nov. 30, 2021 USD ($) division $ / shares	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Business combination, assets and liabilities Arising from contingencies, amount recognized, net			$ 1,300,000,000
Business combination, recognized identifiable assets acquired and liabilities assumed, goodwill and intangible assets			$ 500,000,000
Delinquent period in which recognition of income on loans is suspended				90 days
Advertising expense				$ 152,000,000	$ 110,000,000	$ 82,000,000
Foreign currency transaction loss				185,000,000	135,000,000
Foreign currency transaction gain						28,000,000
Net loss realized on foreign currency				80,000,000	6,000,000	17,000,000
CNH paid interest				718,000,000	539,000,000	625,000,000
Loss on repurchase of notes				0	8,000,000	0
CNH paid taxes				717,000,000	348,000,000	80,000,000
Other non-cash items				196,000,000	126,000,000	498,000,000
Share-based payment arrangement, noncash expense				87,000,000	90,000,000
Writedowns of financial assets				77,000,000	34,000,000
Gain (loss) at the time of securitization				0
Impairment of goodwill and other intangible assets				0	0
Other Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets held-for-sale, long lived, fair value disclosure					500,000,000
Other Liabilities
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets held-for-sale, long lived, fair value disclosure					$ 100,000,000
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Intangible asset useful life					5 years
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Intangible asset useful life					25 years
Seven Point Eight Seven Five Percent Senior Notes | Case New Holland Industrial Inc. (formerly Case New Holland Inc.)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loss on repurchase of notes				0	$ 8,000,000	0
Raven Industries, Inc.
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of capital stock acquired			100%
Share price of capital stock in acquisition (in dollars per share) | $ / shares			$ 58
Consideration transferred in acquisition			$ 2,100,000,000
Number of business divisions acquired | division			3
Payments to acquire businesses, gross					2,100,000,000
Specialty Enterprises LLC
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Consideration transferred in acquisition	$ 50,000,000
Sampierana S.p.A
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of capital stock acquired		90%
Consideration transferred in acquisition		$ 100,000,000
Argentina
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Foreign currency transaction loss				$ 0	$ 47,000,000	$ 56,000,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Nov. 30, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill	$ 3,322	$ 3,210		$ 1,838
Applied Technology Division
Business Acquisition [Line Items]
Goodwill			$ 1,404
Deferred Tax Liability and Other			(137)
Applied Technology Division | Customer Relationship
Business Acquisition [Line Items]
Intangible Assets			145
Applied Technology Division | In-Process R&D
Business Acquisition [Line Items]
Intangible Assets			165
Applied Technology Division | Developed Technology
Business Acquisition [Line Items]
Intangible Assets			50
Applied Technology Division | Trade Names
Business Acquisition [Line Items]
Intangible Assets			$ 74

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Estimated Useful Lives of Respective Assets (Details)	12 Months Ended
	Dec. 31, 2022
Minimum | Buildings and improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years
Minimum | Plant, machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Minimum | Other equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Maximum | Buildings and improvements
Property, Plant and Equipment [Line Items]
Estimated useful lives	40 years
Maximum | Plant, machinery and equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	25 years
Maximum | Other equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years

Revenue - Summary of Net Revenu

Revenue - Summary of Net Revenues (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenues from sales of goods and services	$ 21,541	$ 17,802	$ 13,083
Total Revenues	23,551	19,496	14,779
Industrial Activities
Disaggregation of Revenue [Line Items]
Revenues from sales of goods and services	21,541	17,802	13,083
Industrial Activities | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues from sales of goods and services	21,541	17,802	13,083
Industrial Activities | Operating Segments | Agriculture
Disaggregation of Revenue [Line Items]
Revenues from sales of goods and services	17,969	14,721	10,923
Industrial Activities | Operating Segments | Construction
Disaggregation of Revenue [Line Items]
Revenues from sales of goods and services	3,572	3,081	2,170
Industrial Activities | Eliminations and Other
Disaggregation of Revenue [Line Items]
Revenues from sales of goods and services	0	0	(10)
Financial Services | Operating Segments
Disaggregation of Revenue [Line Items]
Total Revenues	1,996	1,672	1,660
Financial Services | Eliminations and Other
Disaggregation of Revenue [Line Items]
Total Revenues	$ 14	$ 22	$ 36

Revenue - Disaggregation of Net

Revenue - Disaggregation of Net Revenues by Major Source (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from:
Revenues from sales of goods and services	$ 21,541	$ 17,802	$ 13,083
Finance and interest income	1,169	912	966
Rents and other income on operating lease	841	782	730
Finance, interest and other income	2,010	1,694	1,696
Total Revenues	23,551	19,496	14,779
Sales of goods
Revenues from:
Revenues from sales of goods and services	21,506	17,783	13,067
Rendering of services and other revenues
Revenues from:
Revenues from sales of goods and services	$ 35	$ 19	$ 16

Receivables - Additional Inform

Receivables - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables, net	$ 172	$ 192
Allowances for doubtful accounts	$ 23	24
Wholesale receivables interest free period	12 months
Wholesale receivables stated original maturities	24 months
Gain (loss) on contract termination	$ 0	$ 0	$ 0
RUSSIAN FEDERATION
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss, period increase (decrease)	15
North America
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss, period increase (decrease)	9
China
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, allowance for credit loss, period increase (decrease)	$ 7
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance leases, term	2 years
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance leases, term	6 years

Receivables - Summary of Accoun

Receivables - Summary of Accounts and Notes Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	$ 19,260	$ 15,376
Retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	11,446	9,955
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	7,785	5,373
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	$ 29	$ 48

Receivables - Maturities of Fin

Receivables - Maturities of Financing Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
2023	$ 11,133
2024	2,874
2025	2,243
2026	1,609
2027	940
2028 and thereafter	461
Financing receivables, net	$ 19,260	$ 15,376

Receivables - Carrying Amount o

Receivables - Carrying Amount of Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total	$ 11,348	$ 10,321
Retail
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total	6,766	6,878
Wholesale
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total	$ 4,582	$ 3,443

Receivables - Allowance for Cre

Receivables - Allowance for Credit Losses Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retail
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Opening balance	$ 220	$ 231	$ 147
Provision	59	22	93
Charge-offs, net of recoveries	(17)	(22)	(31)
Foreign currency translation and other	8	(11)	(12)
Ending balance	270	220	231
Retail | Adoption of ASC 326
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Opening balance		34
Ending balance			34
Retail | Balance, January 1, 2020, as recast
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Opening balance		181
Ending balance			181
Wholesale
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Opening balance	65	62	71
Provision	7	6	4
Charge-offs, net of recoveries	(7)	1	(5)
Foreign currency translation and other	(1)	(4)	(4)
Ending balance	$ 64	65	62
Wholesale | Adoption of ASC 326
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Opening balance		(4)
Ending balance			(4)
Wholesale | Balance, January 1, 2020, as recast
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Opening balance		$ 67
Ending balance			$ 67

Receivables - Summary of Aging

Receivables - Summary of Aging of Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$ 11,446	$ 9,955
Retail | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	11,424	9,947
Retail | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	22	8
Retail | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current fiscal year	3,558	3,159
Fiscal year before current fiscal year	2,036	1,689
Two years before current fiscal year	994	902
Three years before current fiscal year	472	531
Four years before current fiscal year	225	229
Prior	65	73
Total	7,350	6,583
Retail | North America | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current fiscal year	3,558	3,159
Fiscal year before current fiscal year	2,035	1,688
Two years before current fiscal year	994	901
Three years before current fiscal year	472	531
Four years before current fiscal year	225	229
Prior	65	73
Total	7,349	6,581
Retail | North America | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	1	1
Two years before current fiscal year	0	1
Three years before current fiscal year	0	0
Four years before current fiscal year	0	0
Prior	0	0
Total	1	2
Retail | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current fiscal year	1,181	881
Fiscal year before current fiscal year	728	524
Two years before current fiscal year	410	295
Three years before current fiscal year	208	190
Four years before current fiscal year	116	105
Prior	95	72
Total	2,738	2,067
Retail | South America | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current fiscal year	1,179	881
Fiscal year before current fiscal year	725	524
Two years before current fiscal year	408	295
Three years before current fiscal year	207	190
Four years before current fiscal year	116	105
Prior	95	72
Total	2,730	2,067
Retail | South America | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current fiscal year	2	0
Fiscal year before current fiscal year	3	0
Two years before current fiscal year	2	0
Three years before current fiscal year	1	0
Four years before current fiscal year	0	0
Prior	0	0
Total	8	0
Retail | Asia Pacific
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current fiscal year	601	579
Fiscal year before current fiscal year	401	361
Two years before current fiscal year	221	168
Three years before current fiscal year	84	100
Four years before current fiscal year	35	45
Prior	3	5
Total	1,345	1,258
Retail | Asia Pacific | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current fiscal year	601	579
Fiscal year before current fiscal year	400	357
Two years before current fiscal year	220	167
Three years before current fiscal year	84	99
Four years before current fiscal year	35	45
Prior	3	5
Total	1,343	1,252
Retail | Asia Pacific | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current fiscal year	0	0
Fiscal year before current fiscal year	1	4
Two years before current fiscal year	1	1
Three years before current fiscal year	0	1
Four years before current fiscal year	0	0
Prior	0	0
Total	2	6
Retail | Europe, Middle East, Africa
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	13	47
Retail | Europe, Middle East, Africa | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	2	47
Retail | Europe, Middle East, Africa | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	11	0
Retail | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	62	28
Retail | 31-60 Days Past Due | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	42	13
Retail | 31-60 Days Past Due | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	12	1
Retail | 31-60 Days Past Due | Asia Pacific
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	8	10
Retail | 31-60 Days Past Due | Europe, Middle East, Africa
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	4
Retail | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	24	8
Retail | 61-90 Days Past Due | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	16	0
Retail | 61-90 Days Past Due | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Retail | 61-90 Days Past Due | Asia Pacific
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	8	8
Retail | 61-90 Days Past Due | Europe, Middle East, Africa
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Retail | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	86	36
Retail | Total Past Due | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	58	13
Retail | Total Past Due | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	12	1
Retail | Total Past Due | Asia Pacific
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	16	18
Retail | Total Past Due | Europe, Middle East, Africa
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	4
Retail | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	11,338	9,911
Retail | Current | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	7,291	6,568
Retail | Current | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	2,718	2,066
Retail | Current | Asia Pacific
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	1,327	1,234
Retail | Current | Europe, Middle East, Africa
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	2	43
Wholesale
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	7,785	5,373
Wholesale | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	7,785	5,351
Wholesale | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	22
Wholesale | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	3,378	2,339
Wholesale | North America | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	3,378	2,339
Wholesale | North America | 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	1,416	655
Wholesale | South America | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	1,416	633
Wholesale | South America | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	22
Wholesale | Asia Pacific
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	494	449
Wholesale | Asia Pacific | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	494	449
Wholesale | Asia Pacific | Non- Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Wholesale | Europe, Middle East, Africa
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	2,497	1,930
Wholesale | Europe, Middle East, Africa | Total Performing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	2,497	1,930
Wholesale | Europe, Middle East, Africa | 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	7	7
Wholesale | 31-60 Days Past Due | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Wholesale | 31-60 Days Past Due | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Wholesale | 31-60 Days Past Due | Asia Pacific
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	2
Wholesale | 31-60 Days Past Due | Europe, Middle East, Africa
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	7	5
Wholesale | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	2	2
Wholesale | 61-90 Days Past Due | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Wholesale | 61-90 Days Past Due | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Wholesale | 61-90 Days Past Due | Asia Pacific
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	1
Wholesale | 61-90 Days Past Due | Europe, Middle East, Africa
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	2	1
Wholesale | Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	9	9
Wholesale | Total Past Due | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Wholesale | Total Past Due | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	0
Wholesale | Total Past Due | Asia Pacific
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	0	3
Wholesale | Total Past Due | Europe, Middle East, Africa
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	9	6
Wholesale | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	7,776	5,342
Wholesale | Current | North America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	3,378	2,339
Wholesale | Current | South America
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	1,416	633
Wholesale | Current | Asia Pacific
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	494	446
Wholesale | Current | Europe, Middle East, Africa
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total	$ 2,488	$ 1,924

Inventories - Summary of Invent

Inventories - Summary of Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 1,955	$ 1,517
Work-in-process	471	570
Finished goods	2,385	2,129
Total Inventories	$ 4,811	$ 4,216

Property, Plant and Equipment -

Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 5,658	$ 5,554
Accumulated depreciation	(4,126)	(4,079)
Net property, plant and equipment	1,532	1,475
Land and industrial buildings
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	1,807	1,848
Plant, machinery and equipment
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	3,293	3,222
Construction in progress
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	194	130
Other
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 364	$ 354

Property, Plant and Equipment_2

Property, Plant and Equipment - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 198	$ 210	$ 227
Acquisition of property, plant and equipment	$ 77	$ 61

Investments in Unconsolidated_3

Investments in Unconsolidated Subsidiaries and Affiliates - Summary of Investments in Unconsolidated Subsidiaries and Affiliates (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Equity method	$ 331	$ 286
Cost method	54	47
Total	$ 385	$ 333

Investments in Unconsolidated_4

Investments in Unconsolidated Subsidiaries and Affiliates - Summary of Combined Results of Operations and Financial Position Reported By Investees Accounted Using Equity Method (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net revenue	$ 21,541	$ 17,802	$ 13,083
Net income	2,039	1,760	(438)
Statement of Financial Position [Abstract]
Total Assets	39,381	49,416
Total Liabilities	32,405	42,563
Total Equity	6,927	6,808	4,989	$ 6,121
Unconsolidated Subsidiaries and Affiliates
Income Statement [Abstract]
Net revenue	2,096	1,996	1,462
Income before taxes	348	332	225
Net income	280	247	$ 175
Statement of Financial Position [Abstract]
Total Assets	7,290	6,789
Total Liabilities	6,376	5,983
Total Equity	$ 914	$ 806

Investments in Unconsolidated_5

Investments in Unconsolidated Subsidiaries and Affiliates - Additional Information (Details)	Dec. 31, 2022
Al Ghazi Tractors Ltd.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	43.20%
Turk Traktor re Ziraat Makineteri A.S.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	37.50%
New Holland HFT Japan Inc.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50%
CNH de Mexico S.A. de C.V.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50%
CIFINS S.p.a
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50%
CNH Industrial Capital Europe S.A.S.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	24.90%

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Short-term lease expenses	$ 13	$ 5
Operating lease expenses	74	69
Right-of-use asset	225	194
Total	$ 228	$ 196
Other assets	Other assets	Other assets
Other liabilities	Other liabilities	Other liabilities
Weighted average remaining lease term	5 years 10 months 24 days	5 years 6 months
Weighted average discount rate	3.80%	3.60%
Leased assets obtained in exchange for operating lease obligations	$ 114	$ 50
Operating cash outflow for amounts included in the measurement of operating lease obligations	73	68
Depreciation expense on equipment operating leases	$ 207	$ 241	$ 242
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) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Operating Lease Liabilities, Payments Due [Abstract]
2023	$ 63
2024	46
2025	37
2026	31
2027	23
2028 and thereafter	59
Total future minimum lease payments	259
Less: Interest	31
Total	$ 228	$ 196

Leases - Summary of Equipment o

Leases - Summary of Equipment on Operating Leases (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Equipment on operating leases	$ 1,894	$ 2,167
Accumulated depreciation	(392)	(429)
Net equipment on operating leases	$ 1,502	$ 1,738

Leases - Schedule of Future M_2

Leases - Schedule of Future Minimum Lease Payments to be Received (Details) $ in Millions	Dec. 31, 2022 USD ($)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
2023	$ 197
2024	134
2025	72
2026	27
2027	8
2028 and thereafter	0
Total undiscounted lease payments	$ 438

Goodwill and Other Intangible_2

Goodwill and Other Intangibles - Changes in the Carrying Amount of Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Balance at beginning	$ 3,210	$ 1,838
Foreign currency translation and other	64	(5)
Acquisitions	48	1,377
Balance at ending	3,322	3,210
Agriculture
Goodwill [Roll Forward]
Balance at beginning	3,020	1,695
Foreign currency translation and other	68	(1)
Acquisitions	48	1,326
Balance at ending	3,136	3,020
Construction
Goodwill [Roll Forward]
Balance at beginning	49	0
Foreign currency translation and other	(3)	(2)
Acquisitions	0	51
Balance at ending	46	49
Financial Services
Goodwill [Roll Forward]
Balance at beginning	141	143
Foreign currency translation and other	(1)	(2)
Acquisitions	0	0
Balance at ending	$ 140	$ 141

Goodwill and Other Intangible_3

Goodwill and Other Intangibles - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Line Items]
Intangible assets, current		$ 500		$ 500
Finite-lived intangible assets, increase (decrease) measurement period adjustment			$ 115
Indefinite-lived intangible assets, increase measurement period adjustment			43
Amortization expense			130	$ 85	$ 72
Estimated amortization expense next year			126
Estimated amortization expense in two years			94
Estimated amortization expense in three years			63
Estimated amortization expense in four years			49
Estimated amortization expense in five years			38
Specialty | Agriculture
Goodwill [Line Items]
Goodwill, period increase	$ 43
Raven and Sampierana | Agriculture
Goodwill [Line Items]
Goodwill, period increase		1,300
Goodwill, purchase accounting adjustments			$ 77
Raven and Sampierana | Construction
Goodwill [Line Items]
Goodwill, period increase		$ 51

Goodwill and Other Intangible_4

Goodwill and Other Intangibles - Other Intangible Assets and Related Accumulated Amortization (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, gross	$ 2,087	$ 2,141
Other intangible assets subject to amortization, accumulated amortization	1,395	1,328
Other intangible assets subject to amortization, net	692	813
Total other intangible assets, gross	2,524	2,535
Other intangible assets not subject to amortization	1,395	1,328
Total other intangible assets, net	1,129	$ 1,207
Minimum
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, weighted average life		5 years
Maximum
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, weighted average life		25 years
In-process research and development
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Total other intangible assets, gross	165	$ 122
Total other intangible assets, net	165	122
Trademarks
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Total other intangible assets, gross	272	272
Total other intangible assets, net	$ 272	272
Dealer networks
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, weighted average life	15 years
Other intangible assets subject to amortization, gross	$ 291	290
Other intangible assets subject to amortization, accumulated amortization	242	231
Other intangible assets subject to amortization, net	49	59
Patents, concessions, licenses and other
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, gross	1,796	1,851
Other intangible assets subject to amortization, accumulated amortization	1,153	1,097
Other intangible assets subject to amortization, net	$ 643	$ 754
Patents, concessions, 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, 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

Debt - Additional Information (

Debt - Additional Information (Details) € in Millions, R$ in Millions, $ in Millions, $ in Millions, $ in Millions

1 Months Ended

12 Months Ended

Mar. 31, 2019 USD ($) option

Dec. 31, 2022 USD ($)

Nov. 30, 2022 BRL (R$)

Sep. 30, 2022 BRL (R$)

May 31, 2022 BRL (R$)

Apr. 30, 2022 BRL (R$)

Mar. 31, 2019 USD ($)

Dec. 31, 2021 USD ($)

Dec. 31, 2022 BRL (R$)

Oct. 31, 2022 USD ($)

Dec. 31, 2021 EUR (€)

Sep. 30, 2021 AUD ($)

Sep. 30, 2021 CAD ($)

Jul. 31, 2021 AUD ($)

May 31, 2021 USD ($)

Feb. 26, 2021 EUR (€)

Mar. 31, 2019 EUR (€)

Debt Instrument [Line Items]

Weighted-average interest rate on consolidated debt

3.50%

2.30%

3.50%

2.30%

Other debt

$ 1,200

$ 1,100

Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount | R$

R$ 700

R$ 600

1.450% Notes Due in 2026 | CNH Industrial Capital LLC

Debt Instrument [Line Items]

Revolving credit facility, amount

$ 600

Bonds, interest rate

1.45%

Debt instrument principal amount of issue price percentage

99.208%

1.75% Notes Due in 2024, Note 1 | CNH Industrial Capital Australia Pty Limited

Debt Instrument [Line Items]

Revolving credit facility, amount

$ 200

Bonds, interest rate

1.75%

Debt instrument principal amount of issue price percentage

99.863%

1.75% Notes Due in 2024, Note 2 | CNH Industrial Capital Australia Pty Limited

Debt Instrument [Line Items]

Revolving credit facility, amount

$ 50

Bonds, interest rate

1.75%

1.75%

Debt instrument principal amount of issue price percentage

101.069%

101.069%

1.50% Notes Due in 2024 | CNH Industrial Capital Canada Ltd.

Debt Instrument [Line Items]

Revolving credit facility, amount

$ 300

Bonds, interest rate

1.50%

1.50%

Debt instrument principal amount of issue price percentage

99.936%

99.936%

15.350% Notes Due April 2024 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount | R$

R$ 177

15.350% Notes Due April 2024 | Banco CNH Industrial Capital S.A. | Brazilian Interbank Deposit (CDI) Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.90%

14.900% Notes Due April 2025 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount | R$

R$ 423

14.900% Notes Due April 2025 | Banco CNH Industrial Capital S.A. | Brazilian Interbank Deposit (CDI) Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.10%

14.900% Notes Due May 2025 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount | R$

R$ 350

14.900% Notes Due May 2025 | Banco CNH Industrial Capital S.A. | Brazilian Interbank Deposit (CDI) Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.10%

3.950% Notes Due in 2025 | CNH Industrial Capital LLC

Debt Instrument [Line Items]

Revolving credit facility, amount

$ 500

Bonds, interest rate

3.95%

Debt instrument principal amount of issue price percentage

99.469%

15.070% Notes Due September 2024 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount | R$

R$ 268

Bonds, interest rate

0.90%

14.840% Notes Due September 2025 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount | R$

R$ 193

14.840% Notes Due September 2025 | Banco CNH Industrial Capital S.A. | Brazilian Interbank Deposit (CDI) Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.05%

15.130% Notes Due September 2026 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount | R$

R$ 239

15.130% Notes Due September 2026 | Banco CNH Industrial Capital S.A. | Brazilian Interbank Deposit (CDI) Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.30%

5.450% Notes Due in 2025 | CNH Industrial Capital LLC

Debt Instrument [Line Items]

Revolving credit facility, amount

$ 400

Bonds, interest rate

5.45%

Debt instrument principal amount of issue price percentage

99.349%

0.000% Bonds Due October 2025 | CNH Industrial Capital Argentina S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount

$ 23

Bonds, interest rate

0%

3.500% Notes Due November 2025 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount | R$

R$ 22

3.500% Notes Due November 2025 | Banco CNH Industrial Capital S.A. | Brazilian Interbank Deposit (CDI) Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.05%

14.620% Notes Due December 2024 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount | R$

R$ 190

14.620% Notes Due December 2024 | Banco CNH Industrial Capital S.A. | Brazilian Interbank Deposit (CDI) Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

0.85%

Revolving Credit Facility | 2024 Revolving Credit Facility

Debt Instrument [Line Items]

Credit facility, term

5 years

Revolving credit facility, amount

$ 4,500

$ 4,500

€ 4,000

Number of years in each extension period | option

2

Credit facility extension period (in years)

1 year

Revolving Credit Facility | March 2026 Revolving Credit Facility

Debt Instrument [Line Items]

Revolving credit facility, amount | €

€ 3,950.5

Revolving Credit Facility | March 2025 Revolving Credit Facility

Debt Instrument [Line Items]

Revolving credit facility, amount | €

€ 49.5

Revolving Credit Facility | New Credit Facility

Debt Instrument [Line Items]

Credit facility, term

5 years

Revolving credit facility, amount | €

€ 1,750

Asset-Backed Facilities

Debt Instrument [Line Items]

Credit facility

$ 2,900

$ 3,900

Credit facility utilized amount

2,100

2,800

Asset Backed Facilities, Excluding Related Parties

Debt Instrument [Line Items]

Credit facility

3,000

Credit facility utilized amount

2,000

Financial Services | Unsecured Credit Facilities

Debt Instrument [Line Items]

Credit facility

$ 5,100

$ 5,200

Debt - Summary of Issued Bond O

Debt - Summary of Issued Bond Outstanding (Details) € in Millions, R$ in Millions, $ in Millions, $ in Millions, $ in Millions	Dec. 31, 2022 USD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 CAD ($)	Dec. 31, 2022 AUD ($)	Dec. 31, 2022 BRL (R$)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Debt	$ 22,962					$ 20,897
Industrial Activities
Debt Instrument [Line Items]
Debt	4,972					5,485
Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	4,836
Hedging effects, bond premium/discount, and unamortized issuance costs	(70)
Financial Services
Debt Instrument [Line Items]
Debt	18,941					$ 15,743
Financial Services | Bonds
Debt Instrument [Line Items]
Debt	4,046
Hedging effects, bond premium/discount, and unamortized issuance costs	(66)
2.875% Notes Due May 2023 | CNH Industrial Finance Europe S.A. | Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	$ 393	€ 369
Coupon rate	2.875%	2.875%	2.875%	2.875%	2.875%
0.000% Notes Due April 2024 | CNH Industrial Finance Europe S.A. | Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	$ 800	€ 750
Coupon rate	0%	0%	0%	0%	0%
1.750% Notes Due September 2025 | CNH Industrial Finance Europe S.A. | Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	$ 694	€ 650
Coupon rate	1.75%	1.75%	1.75%	1.75%	1.75%
3.500% Notes Due November 2025 | CNH Industrial Finance Europe S.A. | Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	$ 107	€ 100
Coupon rate	3.50%	3.50%	3.50%	3.50%	3.50%
1.875% Notes Due January 2026 | CNH Industrial Finance Europe S.A. | Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	$ 533	€ 500
Coupon rate	1.875%	1.875%	1.875%	1.875%	1.875%
1.875% Notes Due January 2026 | CNH Industrial Capital LLC | Financial Services | Bonds
Debt Instrument [Line Items]
Debt	$ 500
Coupon rate	1.875%	1.875%	1.875%	1.875%	1.875%
1.750% Bonds Due March 2027 | CNH Industrial Finance Europe S.A. | Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	$ 640	€ 600
Coupon rate	1.75%	1.75%	1.75%	1.75%	1.75%
3.875% Notes Due April 2028 | CNH Industrial Finance Europe S.A. | Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	$ 53	€ 50
Coupon rate	3.875%	3.875%	3.875%	3.875%	3.875%
1.625% Bonds Due July 2029 | CNH Industrial Finance Europe S.A. | Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	$ 533	€ 500
Coupon rate	1.625%	1.625%	1.625%	1.625%	1.625%
2.200% Bonds Due July 2039 | CNH Industrial Finance Europe S.A. | Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	$ 53	€ 50
Coupon rate	2.20%	2.20%	2.20%	2.20%	2.20%
4.500% Notes Due August 2023 | C H N Industrial N V | Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	$ 600
Coupon rate	4.50%	4.50%	4.50%	4.50%	4.50%
3.850% Notes Due November 2027 | C H N Industrial N V | Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	$ 500
Coupon rate	3.85%	3.85%	3.85%	3.85%	3.85%
1.950% Notes Due July 2023 | CNH Industrial Capital LLC | Financial Services | Bonds
Debt Instrument [Line Items]
Debt	$ 600
Coupon rate	1.95%	1.95%	1.95%	1.95%	1.95%
4.200% Notes Due January 2024 | CNH Industrial Capital LLC | Financial Services | Bonds
Debt Instrument [Line Items]
Debt	$ 500
Coupon rate	4.20%	4.20%	4.20%	4.20%	4.20%
3.950% Notes Due May 2025 | CNH Industrial Capital LLC | Financial Services | Bonds
Debt Instrument [Line Items]
Debt	$ 500
Coupon rate	3.95%	3.95%	3.95%	3.95%	3.95%
5.450% Notes Due October 2025 | CNH Industrial Capital LLC | Financial Services | Bonds
Debt Instrument [Line Items]
Debt	$ 400
Coupon rate	5.45%	5.45%	5.45%	5.45%	5.45%
1.450% Notes Due July 2026 | CNH Industrial Capital LLC | Financial Services | Bonds
Debt Instrument [Line Items]
Debt	$ 600
Coupon rate	1.45%	1.45%	1.45%	1.45%	1.45%
1.500% Notes Due October 2024 | CNH Industrial Capital Canada Ltd. | Financial Services | Bonds
Debt Instrument [Line Items]
Debt	$ 222		$ 300
Coupon rate	1.50%	1.50%	1.50%	1.50%	1.50%
1.750% Notes Due July 2024 | CNH Industrial Capital Australia Pty Limited | Financial Services | Bonds
Debt Instrument [Line Items]
Debt	$ 170			$ 250
Coupon rate	1.75%	1.75%	1.75%	1.75%	1.75%
0.000% Notes Due 2023/2025 | CNH Industrial Capital Argentina S.A. | Financial Services | Bonds
Debt Instrument [Line Items]
Debt	$ 31
Coupon rate	0%	0%	0%	0%	0%
8.120% Notes Due 2023/2028 | Banco CNH Industrial Capital S.A. | Financial Services | Bonds
Debt Instrument [Line Items]
Coupon rate	8.12%	8.12%	8.12%	8.12%	8.12%
15.350% Notes Due 2023/2028 | Banco CNH Industrial Capital S.A. | Financial Services | Bonds
Debt Instrument [Line Items]
Coupon rate	15.35%	15.35%	15.35%	15.35%	15.35%
8.120% 15.350% Notes Due 2023/2028 | Banco CNH Industrial Capital S.A. | Financial Services | Bonds
Debt Instrument [Line Items]
Debt	$ 589				R$ 3077

Debt - Summary of Total Debt (D

Debt - Summary of Total Debt (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total Debt	$ 22,962	$ 20,897
Payables to Iveco Group	156	502
Total Debt (Including Payables to Iveco Group)	23,118	21,399
Total Bonds
Debt Instrument [Line Items]
Total Debt	8,882	8,464
Asset-backed debt
Debt Instrument [Line Items]
Total Debt	9,751	8,875
Other debt
Debt Instrument [Line Items]
Total Debt	4,329	3,558
Intersegment debt
Debt Instrument [Line Items]
Total Debt	0	0
Industrial Activities
Debt Instrument [Line Items]
Total Debt	4,972	5,485
Payables to Iveco Group	5	334
Total Debt (Including Payables to Iveco Group)	4,977	5,819
Industrial Activities | Total Bonds
Debt Instrument [Line Items]
Total Debt	4,836	5,184
Industrial Activities | Asset-backed debt
Debt Instrument [Line Items]
Total Debt	0	0
Industrial Activities | Other debt
Debt Instrument [Line Items]
Total Debt	73	151
Industrial Activities | Intersegment debt
Debt Instrument [Line Items]
Total Debt	63	150
Financial Services
Debt Instrument [Line Items]
Total Debt	18,941	15,743
Payables to Iveco Group	151	168
Total Debt (Including Payables to Iveco Group)	19,092	15,911
Financial Services | Total Bonds
Debt Instrument [Line Items]
Total Debt	4,046	3,280
Financial Services | Asset-backed debt
Debt Instrument [Line Items]
Total Debt	9,751	8,875
Financial Services | Other debt
Debt Instrument [Line Items]
Total Debt	4,256	3,407
Financial Services | Intersegment debt
Debt Instrument [Line Items]
Total Debt	$ 888	$ 181

Debt - Minimum Annual Repayment

Debt - Minimum Annual Repayments of Debt (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Payables to Iveco Group N.V	$ 156	$ 502
Intersegment	22,962	20,897
Total	23,118	21,399
Operating Segments
Debt Instrument [Line Items]
2023	9,588
2024	4,339
2025	3,470
2026	2,666
2027	1,765
2028	1,134
Payables to Iveco Group N.V	156
Intersegment
Debt Instrument [Line Items]
Intersegment	0
Industrial Activities
Debt Instrument [Line Items]
Payables to Iveco Group N.V	5	334
Intersegment	4,972	5,485
Total	4,977	5,819
Industrial Activities | Operating Segments
Debt Instrument [Line Items]
2023	1,032
2024	800
2025	800
2026	533
2027	1,101
2028	643
Payables to Iveco Group N.V	5
Industrial Activities | Intersegment
Debt Instrument [Line Items]
Intersegment	63
Financial Services
Debt Instrument [Line Items]
Payables to Iveco Group N.V	151	168
Intersegment	18,941	15,743
Total	19,092	$ 15,911
Financial Services | Operating Segments
Debt Instrument [Line Items]
2023	8,556
2024	3,539
2025	2,670
2026	2,133
2027	664
2028	491
Payables to Iveco Group N.V	151
Financial Services | Intersegment
Debt Instrument [Line Items]
Intersegment	$ 888

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Line Items]
Income Tax Expense (Benefit)		$ 747	$ 229	$ 85
Undistributed earnings in subsidiaries	$ 9,000	9,000
Deferred income taxes		(72)	(269)	(100)
Deferred tax liability on total undistributed earnings	109	109
Deferred taxes	13	13
Deferred tax assets, valuation allowances	343	343	438
Gross tax loss carry forwards with indefinite lives	628	628
Unrecognized tax benefits, that would affect effective tax rate, if recognized	153	153
Income tax related interest and penalties recognized expense		6	(2)	4
Income tax related interest and penalties accrued	19	19	$ 13	$ 23
2023
Income Tax Disclosure [Line Items]
Gross tax loss carry forwards, subject to expiration	40	40
2024
Income Tax Disclosure [Line Items]
Gross tax loss carry forwards, subject to expiration	33	33
2025
Income Tax Disclosure [Line Items]
Gross tax loss carry forwards, subject to expiration	23	23
2026
Income Tax Disclosure [Line Items]
Gross tax loss carry forwards, subject to expiration	17	17
2026 and beyond
Income Tax Disclosure [Line Items]
Gross tax loss carry forwards, subject to expiration	296	296
Tax credit carryforward expiring year 2024
Income Tax Disclosure [Line Items]
Tax credit carry forwards, subject to expiration	48	48
Subsidiaries Outside U.K.
Income Tax Disclosure [Line Items]
Deferred income taxes		$ 0
U.K
Income Tax Disclosure [Line Items]
Statutory federal income tax rate		19%	19%	19%
Italy
Income Tax Disclosure [Line Items]
Income tax expense (benefit), recognition of deferred tax assets	$ (55)
BRAZIL
Income Tax Disclosure [Line Items]
Income tax expense (benefit), recognition of deferred tax assets			$ (161)

Income Taxes - Sources of Incom

Income Taxes - Sources of Income (Loss) Before Taxes and Equity in Income (Loss) of Unconsolidated Subsidiaries and Affiliates (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Parent country source	$ 143	$ 161	$ (97)
Foreign sources	2,539	1,778	(82)
Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates	$ 2,682	$ 1,939	$ (179)

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Current income taxes	$ 819	$ 498	$ 185
Deferred income taxes	(72)	(269)	(100)
Total income tax provision (benefit)	$ 747	$ 229	$ 85

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Tax provision at the parent statutory rate	$ 510	$ 368	$ (34)
Foreign income taxed at different rates	243	136	34
Change in valuation allowance	(70)	(207)	6
Tax contingencies	58	(18)	(8)
Tax credits and incentives	(54)	(79)	(25)
Goodwill impairment	0	0	111
Change in tax rate or law	0	(5)	0
Other	60	34	1
Total income tax provision (benefit)	$ 747	$ 229	$ 85

Income Taxes - Components of Ne

Income Taxes - Components of Net Deferred Tax Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Warranty and campaigns	$ 86	$ 84
Allowance for credit losses	108	83
Marketing and sales incentive programs	359	293
Other risk and future charges reserve	40	42
Pension, postretirement and postemployment benefits	87	146
Leasing liabilities	55	49
Research and development costs	139	27
Other reserves	251	335
Tax credits and loss carry forwards	266	388
Less: Valuation allowances	(343)	(438)
Total deferred tax assets	1,048	1,009
Deferred tax liabilities:
Property, plant and equipment	370	414
Intangibles	180	190
Inventories	70	92
Other	80	47
Total deferred tax liabilities	700	743
Net deferred tax assets	$ 348	$ 266

Income Taxes - Net Deferred Tax

Income Taxes - Net Deferred Tax Assets Reflected in Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Deferred tax assets	$ 433	$ 421
Deferred tax liabilities	(85)	(125)
Other liabilities	0	(30)
Net deferred tax assets	$ 348	$ 266

Income Taxes - Reconciliation_2

Income Taxes - Reconciliation of Gross Amounts of Tax Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, beginning of year	$ 143	$ 179
Additions based on tax positions related to the current year	16	17
Additions for tax positions of prior years	35	9
Reductions for tax positions of prior years	(16)	(24)
Reductions for tax positions as a result of lapse of statute	(2)	(1)
Settlements	(14)	(37)
Balance, end of year	$ 162	$ 143

Employee Benefit Plans and Po_3

Employee Benefit Plans and Postretirement Benefits - Additional Information (Details) - USD ($) $ in Millions		1 Months Ended	12 Months Ended
	Apr. 16, 2018	Aug. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Expense on defined contribution plan			$ 115	$ 97	$ 88
Increase (decrease) in benefit obligation					550
Defined benefit plan, plan assets, increase (decrease) for assets transferred to (from) plan					(550)
Pre-tax non-cash settlement charge					$ 125
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]					Other, net
Plan amendments	$ 527
Amortization period of deferred reduction to retirement benefits payable	4 years 6 months
Amortization of benefits modification			90	119	$ 119
Defined benefit plan benefit obligation period increase (decrease)				1.3	(7.8)
US Retiree Medical Plan
Defined Benefit Plan Disclosure [Line Items]
Plan amendments				$ 100
Amortization period of deferred reduction to retirement benefits payable				4 years
Amortization of benefits modification			24	$ 6
RHRA Benefit
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, increase (decrease) for assets transferred to (from) plan		$ (27)
Pre-tax non-cash settlement charge		$ 3
Pension
Defined Benefit Plan Disclosure [Line Items]
Pre-tax non-cash settlement charge			(3)	0	125
Plan amendments			0	0
Total accumulated benefit obligation			1,156	1,826
Defined benefit plan benefit obligation period increase (decrease)				0.5	(8.6)
Employer contributions			48
Healthcare
Defined Benefit Plan Disclosure [Line Items]
Pre-tax non-cash settlement charge			3	0	0
Plan amendments			(6)	(100)
Defined benefit plan benefit obligation period increase (decrease)				0.8	0.8
Employer contributions			15
Other
Defined Benefit Plan Disclosure [Line Items]
Pre-tax non-cash settlement charge			1	2	$ 2
Plan amendments			0	$ 0
Employer contributions			$ 7

Employee Benefit Plans and Po_4

Employee Benefit Plans and Postretirement Benefits - Defined Benefit Pension, Healthcare and Other Plans (Details) - USD ($) $ in Millions		12 Months Ended
	Apr. 16, 2018	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in benefit obligations:
Plan amendments	$ 527
Change in the fair value of plan assets:
Beginning plan assets		$ 1,604
Ending plan assets		1,037	$ 1,604
Pension
Change in benefit obligations:
Beginning benefit obligation		1,843	1,984
Service cost		11	13	$ 14
Interest cost		27	19	39
Plan participants’ contributions		1	1
Actuarial loss (gain)		(476)	(56)
Gross benefits paid		(77)	(75)
Plan amendments		0	0
Currency translation adjustments and other		(154)	(43)
Ending benefit obligation		1,175	1,843	1,984
Change in the fair value of plan assets:
Beginning plan assets		1,474	1,451
Actual return on plan assets		(357)	65
Employer contributions		46	43
Plan participants’ contributions		1	1
Gross benefits paid		(65)	(61)
Currency translation adjustments and other		(120)	(25)
Ending plan assets		979	1,474	1,451
Funded status		(196)	(369)
Healthcare
Change in benefit obligations:
Beginning benefit obligation		281	409
Service cost		4	4	4
Interest cost		6	6	10
Plan participants’ contributions		4	6
Actuarial loss (gain)		(52)	(19)
Gross benefits paid		(28)	(36)
Plan amendments		(6)	(100)
Currency translation adjustments and other		(28)	11
Ending benefit obligation		181	281	409
Change in the fair value of plan assets:
Beginning plan assets		130	145
Actual return on plan assets		(21)	9
Employer contributions		0	0
Plan participants’ contributions		0	0
Gross benefits paid		(9)	(9)
Currency translation adjustments and other		(42)	(15)
Ending plan assets		58	130	145
Funded status		(123)	(151)
Other
Change in benefit obligations:
Beginning benefit obligation		113	130
Service cost		5	6	6
Interest cost		1	1	1
Plan participants’ contributions		0	0
Actuarial loss (gain)		(15)	(1)
Gross benefits paid		(7)	(9)
Plan amendments		0	0
Currency translation adjustments and other		(8)	(14)
Ending benefit obligation		89	113	130
Change in the fair value of plan assets:
Beginning plan assets		0	0
Actual return on plan assets		0	0
Employer contributions		0	0
Plan participants’ contributions		0	0
Gross benefits paid		0	0
Currency translation adjustments and other		0	0
Ending plan assets		0	0	$ 0
Funded status		$ (89)	$ (113)

Employee Benefit Plans and Po_5

Employee Benefit Plans and Postretirement Benefits - Defined Benefit Pension Plans by Geographical Area (Details) - USD ($) $ in Millions		12 Months Ended
	Apr. 16, 2018	Dec. 31, 2022	Dec. 31, 2021
Change in benefit obligations:
Plan amendments	$ 527
Change in the fair value of plan assets:
Beginning plan assets		$ 1,604
Ending plan assets		1,037	$ 1,604
U.S.
Change in benefit obligations:
Beginning benefit obligation		174	177
Service cost		3	3
Interest cost		5	4
Plan participants’ contributions		0	0
Actuarial loss (gain)		(51)	(15)
Gross benefits paid		(3)	5
Plan amendments		0	0
Currency translation adjustments and other		0	0
Ending benefit obligation		128	174
Change in the fair value of plan assets:
Beginning plan assets		205	204
Actual return on plan assets		(43)	(4)
Employer contributions		0	0
Plan participants’ contributions		0	0
Gross benefits paid		(3)	5
Currency translation adjustments and other		0	0
Ending plan assets		159	205
Funded status:		31	31
U.K
Change in benefit obligations:
Beginning benefit obligation		1,288	1,353
Service cost		0	0
Interest cost		20	14
Plan participants’ contributions		0	0
Actuarial loss (gain)		(360)	(11)
Gross benefits paid		(48)	(51)
Plan amendments		0	0
Currency translation adjustments and other		(130)	(17)
Ending benefit obligation		770	1,288
Change in the fair value of plan assets:
Beginning plan assets		1,057	1,029
Actual return on plan assets		(292)	57
Employer contributions		39	35
Plan participants’ contributions		0	0
Gross benefits paid		(48)	(51)
Currency translation adjustments and other		(106)	(13)
Ending plan assets		650	1,057
Funded status:		(120)	(231)
Germany
Change in benefit obligations:
Beginning benefit obligation		157	196
Service cost		0	0
Interest cost		1	0
Plan participants’ contributions		0	0
Actuarial loss (gain)		(29)	(12)
Gross benefits paid		(11)	(14)
Plan amendments		0	0
Currency translation adjustments and other		(10)	(13)
Ending benefit obligation		108	157
Change in the fair value of plan assets:
Beginning plan assets		4	5
Actual return on plan assets		0	0
Employer contributions		0	0
Plan participants’ contributions		0	0
Gross benefits paid		0	0
Currency translation adjustments and other		0	(1)
Ending plan assets		4	4
Funded status:		(104)	(153)
Other
Change in benefit obligations:
Beginning benefit obligation		224	258
Service cost		8	10
Interest cost		1	1
Plan participants’ contributions		1	1
Actuarial loss (gain)		(36)	(18)
Gross benefits paid		(15)	(15)
Plan amendments		0	0
Currency translation adjustments and other		(14)	(13)
Ending benefit obligation		169	224
Change in the fair value of plan assets:
Beginning plan assets		208	213
Actual return on plan assets		(22)	12
Employer contributions		7	8
Plan participants’ contributions		1	1
Gross benefits paid		(14)	(15)
Currency translation adjustments and other		(14)	(11)
Ending plan assets		166	208
Funded status:		$ (3)	$ (16)

Employee Benefit Plans and Po_6

Employee Benefit Plans and Postretirement Benefits - Net Amounts Recognized in Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Pension, postretirement and other postemployment benefits	$ (449)	$ (673)
Pension
Defined Benefit Plan Disclosure [Line Items]
Other assets	41	40
Pension, postretirement and other postemployment benefits	(237)	(409)
Net liability recognized at end of year	(196)	(369)
Healthcare
Defined Benefit Plan Disclosure [Line Items]
Other assets	0	0
Pension, postretirement and other postemployment benefits	(123)	(151)
Net liability recognized at end of year	(123)	(151)
Other
Defined Benefit Plan Disclosure [Line Items]
Other assets	0	0
Pension, postretirement and other postemployment benefits	(89)	(113)
Net liability recognized at end of year	$ (89)	$ (113)

Employee Benefit Plans and Po_7

Employee Benefit Plans and Postretirement Benefits - Pre-tax Amounts Recognized in Accumulated Other Comprehensive Income (Loss) (Details) $ in Millions	Dec. 31, 2022 USD ($)
Pension
Defined Benefit Plan Disclosure [Line Items]
Unrecognized actuarial losses (gains)	$ 359
Unrecognized prior service credit	(2)
Accumulated other comprehensive loss	357
Healthcare
Defined Benefit Plan Disclosure [Line Items]
Unrecognized actuarial losses (gains)	1
Unrecognized prior service credit	(86)
Accumulated other comprehensive loss	(85)
Other
Defined Benefit Plan Disclosure [Line Items]
Unrecognized actuarial losses (gains)	(11)
Unrecognized prior service credit	(7)
Accumulated other comprehensive loss	$ (18)

Employee Benefit Plans and Po_8

Employee Benefit Plans and Postretirement Benefits - Accumulated Benefit Obligations in Excess of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Accumulated benefit obligation	$ 888	$ 1,505
Fair value of plan assets	$ 656	$ 1,102

Employee Benefit Plans and Po_9

Employee Benefit Plans and Postretirement Benefits - Projected Benefit Obligations in Excess of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 656	$ 1,102
Pension
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	969	1,607
Fair value of plan assets	733	1,198
Healthcare
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	181	281
Fair value of plan assets	58	130
Other
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	89	113
Fair value of plan assets	$ 0	$ 0

Employee Benefit Plans and P_10

Employee Benefit Plans and Postretirement Benefits - Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amortization of:
Settlement loss and other			$ 125
Pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 11	$ 13	14
Interest cost	27	19	39
Expected return on assets	(47)	(53)	(69)
Amortization of:
Prior service cost (credit)	0	0	0
Actuarial loss (gain)	19	25	34
Settlement loss and other	(3)	0	125
Net periodic benefit cost (credit)	7	4	143
Healthcare
Defined Benefit Plan Disclosure [Line Items]
Service cost	4	4	4
Interest cost	6	6	10
Expected return on assets	(5)	(7)	(7)
Amortization of:
Prior service cost (credit)	(126)	(136)	(130)
Actuarial loss (gain)	1	3	2
Settlement loss and other	3	0	0
Net periodic benefit cost (credit)	(117)	(130)	(121)
Other
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	6	6
Interest cost	1	1	1
Expected return on assets	0	0	0
Amortization of:
Prior service cost (credit)	0	0	(1)
Actuarial loss (gain)	(2)	2	1
Settlement loss and other	1	2	2
Net periodic benefit cost (credit)	$ 5	$ 11	$ 9

Employee Benefit Plans and P_11

Employee Benefit Plans and Postretirement Benefits - Net Periodic Benefit Cost Recognized in Net Income and Other Changes in Plan Assets and Benefit Obligations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Benefit adjustments included in other comprehensive (income) loss:
Total recognized in other comprehensive (income) loss	$ (29)	$ (109)	$ 10
Pension
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	7	4	143
Benefit adjustments included in other comprehensive (income) loss:
Net actuarial losses (gains)	(19)
Amortization of actuarial losses	(70)
Amortization of prior service (cost) credit	0
Currency translation adjustments and other	(46)
Total recognized in other comprehensive (income) loss	(135)
Total recognized in comprehensive loss	(128)
Healthcare
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	(117)	(130)	(121)
Benefit adjustments included in other comprehensive (income) loss:
Net actuarial losses (gains)	(1)
Amortization of actuarial losses	(29)
Amortization of prior service (cost) credit	120
Currency translation adjustments and other	0
Total recognized in other comprehensive (income) loss	90
Total recognized in comprehensive loss	(27)
Other
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	5	$ 11	$ 9
Benefit adjustments included in other comprehensive (income) loss:
Net actuarial losses (gains)	1
Amortization of actuarial losses	(16)
Amortization of prior service (cost) credit	0
Currency translation adjustments and other	1
Total recognized in other comprehensive (income) loss	(14)
Total recognized in comprehensive loss	$ (9)

Employee Benefit Plans and P_12

Employee Benefit Plans and Postretirement Benefits - Assumptions Utilized in Determining the Funded Status and Net Periodic Cost of Defined Benefit Pension Plans and Other Postretirement Benefit Plans (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Pension plans
Assumptions used to determine funded status at December 31
Weighted-average discount rate	4.64%	1.79%	1.25%
Weighted-average rate of compensation increase	3.03%	2.41%	2.26%
Assumptions used to determine expense
Weighted-average discount rates - service cost	1.32%	0.94%	1.39%
Weighted-average discount rates - interest cost	1.59%	0.98%	1.81%
Weighted-average rate of compensation increase	2.41%	2.26%	3.24%
Weighted-average long-term rates of return on plan assets	3.42%	3.71%	4.08%
Healthcare plans
Assumptions used to determine funded status at December 31
Weighted-average discount rate	5.28%	2.59%	2.16%
Weighted-average rate of compensation increase	4%	4%
Weighted-average, initial healthcare cost trend rate	5.12%	4.18%	4.39%
Weighted-average, ultimate healthcare cost trend rate	4%	3.58%	3.95%
Assumptions used to determine expense
Weighted-average discount rates - service cost	3.15%	2.57%	3.27%
Weighted-average discount rates - interest cost	2.87%	1.55%	2.62%
Weighted-average rate of compensation increase	4%
Weighted-average long-term rates of return on plan assets	4.76%	4.85%	5%
Weighted-average, initial healthcare cost trend rate	4.18%	4.39%	4.68%
Weighted-average, ultimate healthcare cost trend rate	3.58%	3.95%	4.20%
Other
Assumptions used to determine funded status at December 31
Weighted-average discount rate	4.11%	1.12%	0.59%
Weighted-average rate of compensation increase	3.19%	2.33%	2.08%
Assumptions used to determine expense
Weighted-average discount rates - service cost	1.36%	0.77%	0.92%
Weighted-average discount rates - interest cost	0.99%	0.47%	0.61%
Weighted-average rate of compensation increase	2.33%	2.08%	2.14%

Employee Benefit Plans and P_13

Employee Benefit Plans and Postretirement Benefits - Weighted Average Target Asset Allocation For All Plans (Details)	Dec. 31, 2022
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for all plans in asset categories	8%
Debt securities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for all plans in asset categories	49%
Cash/Other
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for all plans in asset categories	43%

Employee Benefit Plans and P_14

Employee Benefit Plans and Postretirement Benefits - Summary of Fair Value of Plan Assets by Asset Category and Level Within Fair Value Hierarchy (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	$ 1,037	$ 1,604
Total Equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Non-U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Total Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	75	137
U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	7	72
U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	20	7
Non-U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	29	40
Non-U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	13	18
Mortgage backed securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	3	0
Other fixed income
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	3	0
Total Other types of investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	941	1,432
Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	901	1,387
Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	40	45
Derivatives—credit contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Real estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	21	35
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	34	96
Level 1 | Total Equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 1 | U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 1 | Non-U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 1 | Total Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	28	81
Level 1 | U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	6	72
Level 1 | U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	15	0
Level 1 | Non-U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	7	9
Level 1 | Non-U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 1 | Mortgage backed securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 1 | Other fixed income
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 1 | Total Other types of investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 1 | Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 1 | Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 1 | Derivatives—credit contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 1 | Real estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 1 | Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	6	15
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	963	1,463
Level 2 | Total Equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 2 | U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 2 | Non-U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 2 | Total Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	47	56
Level 2 | U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	1	0
Level 2 | U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	5	7
Level 2 | Non-U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	22	31
Level 2 | Non-U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	13	18
Level 2 | Mortgage backed securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	3	0
Level 2 | Other fixed income
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	3	0
Level 2 | Total Other types of investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	901	1,387
Level 2 | Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	901	1,387
Level 2 | Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 2 | Derivatives—credit contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 2 | Real estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 2 | Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	15	20
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	40	45
Level 3 | Total Equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | Non-U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | Total Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | Non-U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | Non-U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | Mortgage backed securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | Other fixed income
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | Total Other types of investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	40	45
Level 3 | Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	40	45
Level 3 | Derivatives—credit contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | Real estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	0
Level 3 | Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	$ 0	$ 0

Employee Benefit Plans and P_15

Employee Benefit Plans and Postretirement Benefits - Changes in Level 3 Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Beginning plan assets	$ 1,604
Transfers in and/or out of level 3			$ (550)
Ending plan assets	1,037	$ 1,604
Level 3
Defined Benefit Plan Disclosure [Line Items]
Beginning plan assets	45
Ending plan assets	40	45
Level 3 | Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Beginning plan assets	45	48
Actual return on plan assets relating to assets still held at reporting date	(1)	0
Purchases	4	4
Settlements	(7)	(5)
Transfers in and/or out of level 3	0	0
Currency impact	(1)	(2)
Ending plan assets	$ 40	$ 45	$ 48

Employee Benefit Plans and P_16

Employee Benefit Plans and Postretirement Benefits - Cash Flows Related to Total Benefits Expected to be Paid (Details) $ in Millions	Dec. 31, 2022 USD ($)
Pension
Defined Benefit Plan Disclosure [Line Items]
2023	$ 73
2024	70
2025	73
2026	74
2027	84
2028 - 2032	402
Total	776
Healthcare
Defined Benefit Plan Disclosure [Line Items]
2023	19
2024	18
2025	18
2026	17
2027	17
2028 - 2032	84
Total	173
Other
Defined Benefit Plan Disclosure [Line Items]
2023	7
2024	8
2025	8
2026	8
2027	8
2028 - 2032	43
Total	$ 82

Other Liabilities - Summary of

Other Liabilities - Summary of Other Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Warranty and campaign programs	$ 544	$ 526	$ 507
Marketing and sales incentive programs	1,556	1,325
Tax payables	506	671
Accrued expenses and deferred income	700	559
Accrued employee benefits	535	546
Lease liabilities	228	196
Legal reserves and other provisions	263	187
Contract reserve	16	12
Contract liabilities	33	20
Restructuring reserve	30	29	$ 26	$ 61
Other	436	692
Total	$ 4,847	$ 4,763

Other Liabilities - Summary o_2

Other Liabilities - Summary of Recorded Activity for Basic Warranty and Accruals for Campaign Programs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance, beginning of year	$ 526	$ 507
Current year additions	475	417
Claims paid	(440)	(382)
Currency translation adjustment and other	(17)	(16)
Balance, end of year	$ 544	$ 526

Other Liabilities - Additional

Other Liabilities - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 31	$ 35	$ 22
Agriculture
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	21	20	13
Construction
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 10	$ 15	$ 9

Other Liabilities - Restructuri

Other Liabilities - Restructuring Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restructuring Reserve [Roll Forward]
Beginning balance	$ 29	$ 26	$ 61
Restructuring charges	31	35	22
Reserves utilized: cash	(18)	(32)	(57)
Reserves utilized: non-cash	(11)	0	0
Currency translation adjustments	(1)	0	0
Ending balance	30	29	26
Severance and Other Employee Costs
Restructuring Reserve [Roll Forward]
Beginning balance	17	5	40
Restructuring charges	23	34	17
Reserves utilized: cash	(12)	(30)	(47)
Reserves utilized: non-cash	(2)	8	(3)
Currency translation adjustments	(1)	0	(2)
Ending balance	25	17	5
Facility Related Costs
Restructuring Reserve [Roll Forward]
Beginning balance	11	18	28
Restructuring charges	4	0	3
Reserves utilized: cash	(3)	(1)	(8)
Reserves utilized: non-cash	(9)	(6)	0
Currency translation adjustments	0	0	(5)
Ending balance	3	11	18
Other Restructuring
Restructuring Reserve [Roll Forward]
Beginning balance	1	3	(7)
Restructuring charges	4	1	2
Reserves utilized: cash	(3)	(1)	(2)
Reserves utilized: non-cash	0	(2)	3
Currency translation adjustments	0	0	7
Ending balance	$ 2	$ 1	$ 3

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) site	Dec. 31, 2021 USD ($)
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 a potentially responsible party (PRP) the company's liability has been resolved or has been deemed de minimis (in sites)	60
Incurred and claims to be resolved over extended period of time	30 years
Environmental reserves | $	$ 25	$ 29
Guarantees at carrying value | $	$ 19	$ 15

Commitments and Contingencies_2

Commitments and Contingencies - Financial Services has Various Agreements to Extend Credit (Details) $ in Millions	Dec. 31, 2022 USD ($)
Wholesale and dealer financing
Line of Credit Facility [Line Items]
Total Credit Limit	$ 6,818
Utilized	3,572
Not Utilized	3,246
Revolving charge accounts
Line of Credit Facility [Line Items]
Total Credit Limit	2,456
Utilized	209
Not Utilized	$ 2,247

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Financial instrument maturity period	24 months
AOCI recognized in net sales and cost of goods sold over next twelve months	$ (17)
Inventory write-down	17
Foreign exchange contracts
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Notional amount of foreign exchange derivatives	5,900	$ 8,200
Interest rate derivatives
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Notional amount of foreign exchange derivatives	6,400	$ 6,400
Nominal amount of hedging instruments affected by reform of benchmark	$ 1,200

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) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	$ (132)	$ (8)	$ 82
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(187)	(10)	25
Net sales | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	(191)	(57)	96
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(1)	2	(7)
Cost of goods sold | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(219)	(11)	31
Other, Net | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	3	(4)	6
Interest expense | Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	59	49	(14)
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	$ 30	$ 3	$ (5)

Financial Instruments - Summary

Financial Instruments - Summary of Activity in Accumulated Other Comprehensive Income Related to Derivatives (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Before-Tax Amount
Accumulated derivative net losses, beginning of period	$ (3)	$ (5)	$ (62)
Impact of demerger	19
Net changes in fair value of derivatives	(132)	(8)	82
Net losses reclassified from accumulated other comprehensive income into income	187	10	(25)
Accumulated derivative net losses, end of period	71	(3)	(5)
Income Tax
Accumulated derivative net losses, beginning of period	(14)	(1)	8
Impact of demerger	0
Net changes in fair value of derivatives	4	(12)	(8)
Net losses reclassified from accumulated other comprehensive income into income	(17)	(1)	(1)
Accumulated derivative net losses, end of period	(27)	(14)	(1)
After-Tax Amount
Accumulated derivative net losses, beginning of period	(17)	(6)	(54)
Impact of demerger	19
Net changes in fair value of derivatives	(128)	(20)	74
Net losses reclassified from accumulated other comprehensive income into income	170	9	(26)
Accumulated derivative net losses, end of period	$ 44	$ (17)	$ (6)

Financial Instruments - Impact

Financial Instruments - Impact of Changes in Fair Value of Fair Value Hedges and Not Designated as Hedging Instruments on Earnings (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest expense | Fair Value Hedges | Interest rate contracts
Fair Value Hedges
Interest rate derivatives	$ (104)	$ (47)	$ 31
Other, Net | Foreign exchange contracts | Derivatives not designated as hedging instruments
Not Designated as Hedges
Foreign exchange contracts	$ (16)	$ (11)	$ 86

Financial Instruments - Fair Va

Financial Instruments - Fair Values of Derivatives (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Derivative assets	$ 189	$ 182
Derivative liabilities	204	181
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative assets	147	142
Derivative liabilities	162	129
Derivatives designated as hedging instruments | Interest rate derivatives
Derivatives, Fair Value [Line Items]
Derivative assets	77	65
Derivative liabilities	106	28
Derivatives designated as hedging instruments | Foreign currency contracts
Derivatives, Fair Value [Line Items]
Derivative assets	70	77
Derivative liabilities	56	101
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative assets	42	40
Derivative liabilities	42	52
Derivatives not designated as hedging instruments | Interest rate derivatives
Derivatives, Fair Value [Line Items]
Derivative assets	28	11
Derivative liabilities	28	12
Derivatives not designated as hedging instruments | Foreign currency contracts
Derivatives, Fair Value [Line Items]
Derivative assets	14	29
Derivative liabilities	$ 14	$ 40

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	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	$ 189	$ 182
Total Liabilities	204	181
Foreign exchange derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	84	106
Total Liabilities	70	141
Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	105	76
Total Liabilities	134	40
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	0	0
Total Liabilities	0	0
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	189	182
Total Liabilities	204	181
Level 2 | Foreign exchange derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	84	106
Total Liabilities	70	141
Level 2 | Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	105	76
Total Liabilities	$ 134	$ 40

Financial Instruments - Fair _3

Financial Instruments - Fair Value Hierarchy Levels of Assets and Liabilities Value on Nonrecurring Basis (Details) - Fair Value, Nonrecurring - Level 3 - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Property, plant and equipment, fair value	$ 7	$ 0
Property, plant and equipment, losses	$ 17	$ 0

Financial Instruments - Estimat

Financial Instruments - Estimated Fair Values of Instruments Not Carried at Fair Value in Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivables	$ 19,260	$ 15,376
Debt	22,962	20,897
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivables	18,827	15,605
Debt	$ 22,651	$ 21,091

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) € / shares in Units, € in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022 EUR (€) vote € / shares shares	Dec. 31, 2021 shares	Dec. 31, 2020 shares	Feb. 02, 2023 EUR (€) € / shares	Feb. 02, 2023 USD ($)	Dec. 31, 2022 USD ($) shares	Mar. 03, 2022 EUR (€) € / shares	Mar. 03, 2022 USD ($)	Dec. 31, 2019 shares
Class of Stock [Line Items]
Authorized share capital amount | €	€ 40
Common stock, shares authorized (in shares)	2,000,000,000					2,000,000,000
Special voting shares, shares authorized (in shares)	2,000,000,000					2,000,000,000
Special voting shares (in eur per share) | € / shares	€ 0.01
Common and special voting shares	€ 18					$ 25
Common shares, shares issued (in shares)	1,364,400,196					1,364,400,196
Common shares outstanding (in shares)	1,344,240,971	1,356,077,000				1,344,240,971
Treasury stock (in shares)	20,159,225					20,159,225
Special voting shares issued (in shares)	396,474,276					396,474,276
Special voting shares outstanding (in shares)	371,072,953	371,218,250				371,072,953
Retirement of special voting shares (in shares)	145,297	109,904	16,623,012
Capital increase (in shares)	554,023	2,166,529	3,778,354
Number of votes eligible for each common share (in votes) | vote	2
Common shares, registered	3 years
Period in force	18 months
Stock repurchase program percentage of shares authorized to be repurchased	10%					10%
Common shares repurchased (in shares)	12,400,000
Treasury stock, value | $						$ 227
Dividend declared (in eur per share) | € / shares							€ 0.28
Dividend declared amount							€ 380	$ 412
Subsequent Event
Class of Stock [Line Items]
Dividend declared (in eur per share) | € / shares				€ 0.36
Dividend declared amount				€ 483	$ 511
Special Voting Shares
Class of Stock [Line Items]
Treasury stock (in shares)	25,401,323					25,401,323
Special voting shares outstanding (in shares)	371,072,953	371,218,250	371,328,154			371,072,953			387,951,166
Retirement of special voting shares (in shares)	145,297	109,904	16,623,012

Shareholders Equity - Changes i

Shareholders Equity - Changes in the Composition of the Share of CHN Industrial (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common shares, shares outstanding, beginning balance (in shares)	1,356,077,000
Special voting shares, shares outstanding, beginning balance (in shares)	371,218,250
Common and special voting shares, shares outstanding (in shares)	1,727,295,250	1,725,238,625	1,738,083,283
Capital increase (in shares)	554,023	2,166,529	3,778,354
Common stock repurchases (in shares)	(12,390,052)	0	0
Retirement of special voting shares (in shares)	(145,297)	(109,904)	(16,623,012)
Common shares, shares outstanding, ending balance (in shares)	1,344,240,971	1,356,077,000
Special voting shares, shares outstanding, ending balance (in shares)	371,072,953	371,218,250
Common and special voting shares, shares outstanding (in shares)	1,715,313,924	1,727,295,250	1,725,238,625
Common Shares
Class of Stock [Line Items]
Common shares, shares outstanding, beginning balance (in shares)	1,356,077,000	1,353,910,471	1,350,132,117
Capital increase (in shares)	554,023	2,166,529	3,778,354
Common stock repurchases (in shares)	(12,390,052)	0	0
Common shares, shares outstanding, ending balance (in shares)	1,344,240,971	1,356,077,000	1,353,910,471
Loyalty Program Special Voting Rights
Class of Stock [Line Items]
Special voting shares, shares outstanding, beginning balance (in shares)	371,218,250	371,328,154	387,951,166
Common stock repurchases (in shares)			0
Retirement of special voting shares (in shares)	(145,297)	(109,904)	(16,623,012)
Special voting shares, shares outstanding, ending balance (in shares)	371,072,953	371,218,250	371,328,154

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) $ / shares in Units, $ in Millions			1 Months Ended	12 Months Ended
	Dec. 14, 2020 installment $ / shares shares	Dec. 04, 2020 installment grant $ / shares shares	Feb. 29, 2020	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) installment $ / shares shares	Dec. 31, 2020 USD ($) $ / shares shares	Apr. 16, 2020 shares	Feb. 28, 2020 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $				$ 87	$ 78	$ 30
Tax benefit relating to share-based compensation expense | $				11	$ 6	$ 3
Unrecognized share-based compensation expense | $				$ 142
Unrecognized share-based compensation costs weighted-average period				1 year 7 months 6 days
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock awarded (in dollars per share) | $ / shares				$ 13.90	$ 14.39	$ 10.87
Granted (in shares)				2,000,000	1,000,000	5,000,000
CNH EIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)								50,000,000
CNH EIP | Executive Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)							7,000,000
2021-2023 Long Term Incentive Plan | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based award period			3 years
Weighted percentage			50%
Payout scale			200%
Payout factor percentage			125%
Common shares issued (in shares)					3,000,000	5,000,000
Fair value of stock awarded (in dollars per share) | $ / shares					$ 13.13	$ 10.83
2021-2023 Long Term Incentive Plan | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock awarded (in dollars per share) | $ / shares	$ 10.96	$ 11.43			$ 16.73
Granted (in shares)	120,000			2,275,329	1,500,000
Vested (in dollars per share) | $ / shares				$ 6.62	$ 11.75
Number of grants | grant		2
Number of installments | installment	3	3			3
Vesting period		3 years
Vested (in shares)	17,000			524,524
Share-based payment arrangement, accelerated cost | $					$ 5
2021-2023 Long Term Incentive Plan | Restricted Stock Units | Vesting Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock awarded (in dollars per share) | $ / shares	$ 10.76	$ 11.23			$ 14.04
Granted (in shares)		1,100,000			400,000
2021-2023 Long Term Incentive Plan | Restricted Stock Units | Vesting Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock awarded (in dollars per share) | $ / shares	$ 10.55	$ 11.02			$ 13.84
Granted (in shares)	103,000	3,300,000			1,200,000
2021-2023 Long Term Incentive Plan | Restricted Stock Units | Vesting Tranche Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock awarded (in dollars per share) | $ / shares	$ 10.35	$ 10.82			$ 13.66
2022-2024 Long Term Incentive Plan | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted percentage			50%
Granted (in shares)				2,500,000
Vested (in dollars per share) | $ / shares				$ 14.04
2022-2024 Long Term Incentive Plan | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)				2,300,000
Vested (in dollars per share) | $ / shares				$ 13.90

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Performance-Based Share Activity (Details) - CNH Industrial EIP - Performance Shares - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Jan. 05, 2022
Performance Shares
Nonvested, beginning balance (in shares)	9,421,225	8,564,080
Awards transferred to Iveco Group (in shares)			(1,950,170)
Adjustment to awards for continuing employees (in shares)			1,093,025
Granted (in shares)		2,456,659
Forfeited/Cancelled (in shares)		(173,331)
Vested (in shares)		0
Nonvested, ending balance (in shares)	10,847,408	10,847,408	8,564,080
Weighted Average Grant-Date Fair Value
Nonvested, beginning balance (in dollars per share)	$ 11.55	$ 7.31
Granted (in dollars per share)		14.04
Awards transferred to Iveco Group (in dollars per share)			$ 10.87
Forfeited/Cancelled (in dollars per share)		8.89
Vested (in dollars per share)		0
Nonvested, ending balance (in dollars per share)	$ 8.81	$ 8.81	$ 7.31

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Restricted-Based Share Activity (Details) - Restricted Stock Units - $ / shares			12 Months Ended
	Dec. 14, 2020	Dec. 04, 2020	Dec. 31, 2022	Dec. 31, 2022	Jan. 05, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted Shares
Awards transferred to Iveco Group (in shares)					(1,039,271)
Adjustment to awards for continuing employees (in shares)					485,692
Granted (in shares)			2,000,000			1,000,000	5,000,000
Weighted Average Grant-Date Fair Value
Awards transferred to Iveco Group (in dollars per share)					$ 10.98
Granted (in dollars per share)			$ 13.90			$ 14.39	$ 10.87
2021-2023 Long Term Incentive Plan
Restricted Shares
Nonvested, beginning balance (in shares)			4,370,079	3,816,500
Nonvested as of January 5, 2022 (in shares)			5,423,895	5,423,895	3,816,500	4,370,079
Granted (in shares)	120,000		2,275,329			1,500,000
Forfeited (in shares)			(143,410)
Vested (in shares)	(17,000)		(524,524)
Nonvested, ending balance (in shares)			5,423,895	5,423,895	3,816,500	4,370,079
Weighted Average Grant-Date Fair Value
Nonvested, beginning balance (in dollars per share)			$ 11.72	$ 6.76
Granted (in dollars per share)	$ 10.96	$ 11.43				$ 16.73
Forfeited (in dollars per share)			10.96
Vested (in dollars per share)			6.62			11.75
Nonvested, ending balance (in dollars per share)			$ 9.66	$ 9.66	$ 6.76	$ 11.72

Share-Based Compensation - Ad_2

Share-Based Compensation - Additional Share Based Compensation Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement [Abstract]
Total intrinsic value of options exercised and shares vested	$ 22	$ 35	$ 41
Fair value of shares vested	$ 3	$ 25	$ 42

Earnings per Share - Computatio

Earnings per Share - Computation of Basic EPS and Diluted EPS (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Net income (loss) attributable to CNH Industrial	$ 2,029	$ 1,723	$ (493)
Net income (loss) attributable to CNH Industrial from continuing operations	2,029	1,792	(212)
Net income (loss) attributable to CNH Industrial from discontinued operations	$ 0	$ (69)	$ (281)
Basic earnings (loss) per share attributable to common shareholders:
Weighted average common shares outstanding—basic (in shares)	1,351	1,354	1,351
Continuing operations (in dollars per share)	$ 1.50	$ 1.32	$ (0.15)
Discontinuing operations (in dollars per share)	0	(0.05)	(0.21)
Basic earnings (loss) per share (in dollars per share)	$ 1.50	$ 1.27	$ (0.36)
Diluted earnings (loss) per share attributable to common shareholders
Net income (loss) attributable to CNH Industrial	$ 2,029	$ 1,723	$ (493)
Net income (loss) attributable to CNH Industrial from continuing operations	2,029	1,792	(212)
Net income (loss) attributable to CNH Industrial from discontinued operations	$ 0	$ (69)	$ (281)
Effect of dilutive securities (when dilutive):
Stock compensation plans (in shares)	11	7	0
Weighted average common shares outstanding—diluted (in shares)	1,362	1,361	1,351
Continuing operations (in dollars per share)	$ 1.49	$ 1.32	$ (0.15)
Discontinuing operations (in dollars per share)	0	(0.05)	(0.21)
Diluted earnings (loss) per share (in dollars per share)	$ 1.49	$ 1.27	$ (0.36)

Earnings per Share - Antidiluti

Earnings per Share - Antidilutive Securities (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Anti-dilutive securities (in shares)	500	60

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Components of OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Unrealized gain (loss) on cash flow hedges
Gross Amount	$ 56	$ 2	$ 57
Income Taxes	(12)	(13)	(9)
Net Amount	44	(11)	48
Changes in retirement plans’ funded status
Gross Amount	29	109	(10)
Income Taxes	12	(15)	7
Net Amount	41	94	(3)
Foreign currency translation
Gross Amount	158	247	(735)
Income Taxes	0	0	0
Net Amount	158	247	(735)
Share of other comprehensive loss of entities using the equity method
Gross Amount	(25)	(93)	20
Income Taxes	0	0	0
Net Amount	(25)	(93)	20
Other comprehensive income (loss)
Gross Amount	218	265	(668)
Income Taxes	0	(28)	(2)
Other comprehensive income (loss), net of tax	$ 218	$ 237	$ (670)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Components of AOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	$ 6,808	$ 4,989	$ 6,121
Ending balance	6,927	6,808	4,989
Other comprehensive (income) loss allocated to noncontrolling interests	1	6	4
Revision of Prior Period, Adjustment
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(1,654)
Ending balance		(1,654)
Revision of Prior Period, Adjusted Balance
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	5,154
Ending balance		5,154
Unrealized Gain (Loss) on Cash Flow Hedges
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance		(6)	(54)
Other comprehensive income (loss), before reclassifications	(126)	(20)	74
Reclassification of certain tax effects			0
Amounts reclassified from other comprehensive income	170	9	(26)
Other comprehensive income (loss)	44	(11)	48
Ending balance	46		(6)
Unrealized Gain (Loss) on Cash Flow Hedges | Previously Reported
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(17)
Ending balance		(17)
Unrealized Gain (Loss) on Cash Flow Hedges | Revision of Prior Period, Adjustment
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	19
Ending balance		19
Unrealized Gain (Loss) on Cash Flow Hedges | Revision of Prior Period, Adjusted Balance
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	2
Ending balance		2
Change in Retirement Plans’ Funded  Status
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance		(653)	(650)
Other comprehensive income (loss), before reclassifications	102	202	143
Reclassification of certain tax effects			0
Amounts reclassified from other comprehensive income	(61)	(108)	(146)
Other comprehensive income (loss)	41	94	(3)
Ending balance	(285)		(653)
Change in Retirement Plans’ Funded  Status | Previously Reported
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(559)
Ending balance		(559)
Change in Retirement Plans’ Funded  Status | Revision of Prior Period, Adjustment
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	233
Ending balance		233
Change in Retirement Plans’ Funded  Status | Revision of Prior Period, Adjusted Balance
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(326)
Ending balance		(326)
Foreign  Currency Translation
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance		(1,884)	(1,145)
Other comprehensive income (loss), before reclassifications	159	241	(739)
Reclassification of certain tax effects			0
Amounts reclassified from other comprehensive income	0	0	0
Other comprehensive income (loss)	159	241	(739)
Ending balance	(1,800)		(1,884)
Foreign  Currency Translation | Previously Reported
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(1,643)
Ending balance		(1,643)
Foreign  Currency Translation | Revision of Prior Period, Adjustment
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(316)
Ending balance		(316)
Foreign  Currency Translation | Revision of Prior Period, Adjusted Balance
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(1,959)
Ending balance		(1,959)
Share of Other Comprehensive Income of Entities Using the Equity Method
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance		(133)	(153)
Other comprehensive income (loss), before reclassifications	(25)	(93)	20
Reclassification of certain tax effects			0
Amounts reclassified from other comprehensive income	0	0	0
Other comprehensive income (loss)	(25)	(93)	20
Ending balance	(239)		(133)
Share of Other Comprehensive Income of Entities Using the Equity Method | Previously Reported
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(226)
Ending balance		(226)
Share of Other Comprehensive Income of Entities Using the Equity Method | Revision of Prior Period, Adjustment
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	12
Ending balance		12
Share of Other Comprehensive Income of Entities Using the Equity Method | Revision of Prior Period, Adjusted Balance
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(214)
Ending balance		(214)
Total
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(2,445)	(2,676)	(2,002)
Other comprehensive income (loss), before reclassifications	110	330	(502)
Reclassification of certain tax effects			0
Amounts reclassified from other comprehensive income	109	(99)	(172)
Other comprehensive income (loss)	219	231	(674)
Ending balance	(2,278)	(2,445)	$ (2,676)
Total | Previously Reported
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(2,445)
Ending balance		(2,445)
Total | Revision of Prior Period, Adjustment
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(52)
Ending balance		(52)
Total | Revision of Prior Period, Adjusted Balance
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	$ (2,497)
Ending balance		$ (2,497)

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Income (Loss) - Schedule of Reclassifications (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	$ 23,551	$ 19,496	$ 14,779
Cost of goods sold	(16,797)	(14,109)	(11,152)
Other, net	(689)	(768)	(750)
Interest expense	(734)	(549)	(660)
Income tax (expense) benefit	(747)	(229)	(85)
Net income (loss)	2,039	1,760	$ (438)
Reclassification out of accumulated other comprehensive income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	109	(111)
Reclassification out of accumulated other comprehensive income | Cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	1	(2)
Cost of goods sold	219	11
Other, net	(3)	4
Interest expense	(30)	(3)
Income tax (expense) benefit	(17)	(1)
Net income (loss)	170	9
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	18	30
Amortization of prior service cost	(126)	(136)
Reclassification out of accumulated other comprehensive income | Defined benefit plans adjustment including portion attributable to noncontrolling interest
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax (expense) benefit	47	(14)
Net income (loss)	$ (61)	$ (120)

Segment Reporting - Additional

Segment Reporting - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Segment Reporting Information [Line Items]
Number of segments (in segments) | segment	3
Net sales	$ 23,551	$ 19,496	$ 14,779
U.K
Segment Reporting Information [Line Items]
Net sales	557	548	428
Total long-lived assets	128	132
Total Revenues from external customers in the rest of world
Segment Reporting Information [Line Items]
Net sales	22,994	18,948	$ 14,351
Total long-lived assets	$ 7,357	$ 7,498

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of Adjusted EBIT to Net Income for Industrial Activities (Details) - USD ($) $ in Millions		12 Months Ended
	Apr. 16, 2018	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net income (loss)		$ 2,039	$ 1,760	$ (438)
Income tax expense		(747)	(229)	(85)
Restructuring expenses		31	35	22
Goodwill impairment charge		0	0	585
Net income (loss) from discontinued operations		0	(41)	(240)
Amortization of benefits modification		90	119	119
Amortization period of deferred reduction to retirement benefits payable	4 years 6 months
Reduction of plan liability	$ (527)
Unallocated items, eliminations, and other
Segment Reporting Information [Line Items]
Total Adjusted EBIT of Industrial Activities		(147)	(137)	(113)
Industrial Activities | Operating Segments
Segment Reporting Information [Line Items]
Total Adjusted EBIT of Industrial Activities		2,433	1,763	583
Net income (loss)		2,786	2,030	(113)
Interest expense of Industrial Activities, net of interest income and eliminations		(119)	(118)	(140)
Foreign exchange (gains) losses, net of Industrial Activities		(59)	(1)	(12)
Finance and non-service component of Pension and OPEB costs		124	143	(9)
Restructuring expenses		(31)	(35)	(22)
Goodwill impairment charge		0	0	(585)
Other discrete items of Industrial Activities		(25)	(178)	(256)
Pre-tax non-cash settlement charge				124
Asset Write-downs		43
Business combination, separately recognized transactions, additional disclosures, acquisition cost expensed		25	133
Loss from sale of business, held for sale		22
Gain from sale of business, held for sale		65
Equity, fair value adjustment			12
Industrial Activities | Operating Segments | Raven Industries, Inc.
Segment Reporting Information [Line Items]
Business acquisition, transaction costs			57
Industrial Activities | Operating Segments | 2018 Modification of Healthcare Plan
Segment Reporting Information [Line Items]
Amortization of benefits modification		$ 90	$ 119	119
Amortization period of deferred reduction to retirement benefits payable		4 years 6 months	4 years 6 months
Reduction of plan liability		$ 527	$ 527
Industrial Activities | Operating Segments | 2021 Modification of Healthcare Plan
Segment Reporting Information [Line Items]
Amortization of benefits modification		$ 24	$ 5
Amortization period of deferred reduction to retirement benefits payable		4 years	4 years
Reduction of plan liability		$ 101	$ 101
Agriculture | Operating Segments
Segment Reporting Information [Line Items]
Total Adjusted EBIT of Industrial Activities		2,456	1,810	880
Construction
Segment Reporting Information [Line Items]
Restructuring expenses		10	15	9
Construction | Operating Segments
Segment Reporting Information [Line Items]
Total Adjusted EBIT of Industrial Activities		124	90	(184)
Financial Services | Operating Segments
Segment Reporting Information [Line Items]
Net income (loss)		338	349	243
Income tax expense		$ (125)	$ (107)	$ (85)

Segment Reporting - Key Informa

Segment Reporting - Key Information for Financial Services Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net income	$ 2,029	$ 1,723	$ (493)
Interest revenue	2,010	1,694	1,696
Interest expense	734	549	660
Financial Services
Segment Reporting Information [Line Items]
Net income	338	349	243
Interest revenue	1,149	918	964
Interest expense	$ 601	$ 409	$ 485

Segment Reporting - Revenue fro

Segment Reporting - Revenue from Operating Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 21,541	$ 17,802	$ 13,083
Total Revenues	23,551	19,496	14,779
Depreciation and amortization	327	295	298
Expenditures for long-lived assets	461	365	232
Industrial Activities
Segment Reporting Information [Line Items]
Net sales	21,541	17,802	13,083
Depreciation and amortization	325	293	296
Expenditures for long-lived assets	456	360	229
Industrial Activities | Operating Segments
Segment Reporting Information [Line Items]
Net sales	21,541	17,802	13,083
Industrial Activities | Eliminations and other
Segment Reporting Information [Line Items]
Net sales	0	0	(10)
Industrial Activities | Other activities and adjustments
Segment Reporting Information [Line Items]
Depreciation and amortization	0	1	2
Expenditures for long-lived assets	0	0	2
Agriculture
Segment Reporting Information [Line Items]
Depreciation and amortization	287	254	248
Expenditures for long-lived assets	393	307	185
Agriculture | Operating Segments
Segment Reporting Information [Line Items]
Net sales	17,969	14,721	10,923
Construction
Segment Reporting Information [Line Items]
Depreciation and amortization	38	38	46
Expenditures for long-lived assets	63	53	42
Construction | Operating Segments
Segment Reporting Information [Line Items]
Net sales	3,572	3,081	2,170
Financial Services
Segment Reporting Information [Line Items]
Depreciation and amortization	2	2	2
Expenditures for long-lived assets	5	5	3
Financial Services | Operating Segments
Segment Reporting Information [Line Items]
Total Revenues	1,996	1,672	1,660
Financial Services | Eliminations and other
Segment Reporting Information [Line Items]
Total Revenues	$ 14	$ 22	$ 36

Segment Reporting - Revenue by

Segment Reporting - Revenue by Geographical Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net sales	$ 23,551	$ 19,496	$ 14,779
United States
Segment Reporting Information [Line Items]
Net sales	8,189	6,387	5,054
Italy
Segment Reporting Information [Line Items]
Net sales	592	556	427
France
Segment Reporting Information [Line Items]
Net sales	1,123	1,084	972
Brazil
Segment Reporting Information [Line Items]
Net sales	3,904	2,414	1,553
Germany
Segment Reporting Information [Line Items]
Net sales	674	564	479
Canada
Segment Reporting Information [Line Items]
Net sales	1,530	1,341	918
Australia
Segment Reporting Information [Line Items]
Net sales	982	857	644
Spain
Segment Reporting Information [Line Items]
Net sales	263	283	231
Argentina
Segment Reporting Information [Line Items]
Net sales	565	418	346
Poland
Segment Reporting Information [Line Items]
Net sales	449	425	267
Other
Segment Reporting Information [Line Items]
Net sales	4,723	4,619	3,460
Total Revenues from external customers in the rest of world
Segment Reporting Information [Line Items]
Net sales	$ 22,994	$ 18,948	$ 14,351

Segment Reporting - Long-lived

Segment Reporting - Long-lived Assets by Geographical Segments (Details) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
United States
Segment Reporting Information [Line Items]
Total long-lived assets	$ 5,669	$ 5,801
Italy
Segment Reporting Information [Line Items]
Total long-lived assets	437	424
France
Segment Reporting Information [Line Items]
Total long-lived assets	48	48
Germany
Segment Reporting Information [Line Items]
Total long-lived assets	17	19
Spain
Segment Reporting Information [Line Items]
Total long-lived assets	1	1
Canada
Segment Reporting Information [Line Items]
Total long-lived assets	548	568
Brazil
Segment Reporting Information [Line Items]
Total long-lived assets	162	127
China
Segment Reporting Information [Line Items]
Total long-lived assets	55	61
Other
Segment Reporting Information [Line Items]
Total long-lived assets	420	449
Total Revenues from external customers in the rest of world
Segment Reporting Information [Line Items]
Total long-lived assets	$ 7,357	$ 7,498

Related Party Information - Add

Related Party Information - Additional Information (Details) - USD ($) $ in Millions	Jan. 01, 2022	Dec. 31, 2022	Dec. 31, 2021
Master Services Agreement
Related Party Transaction [Line Items]
Related party, agreement term		2 years
Engine Supply Agreement
Related Party Transaction [Line Items]
Related party, agreement term		10 years
Financial Service Agreement
Related Party Transaction [Line Items]
Related party, agreement term		3 years
EXOR N.V
Related Party Transaction [Line Items]
Percentage of common shares outstanding held by related parties	42.80%
CNH Industrial Capital Europe S.A.S.
Related Party Transaction [Line Items]
Pledged guarantees on commitments		$ 19	$ 15

Related Party Information - Sch

Related Party Information - Schedule of Related Party Transactions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Payables to Iveco Group N.V	$ 156	$ 502
FCA
Related Party Transaction [Line Items]
Net sales	0	0	$ 0
Cost of goods sold	17	31	17
Selling, general and administrative expenses	48	59	55
Trade receivables	0	0
Payables to Iveco Group N.V	14	20
Subsidiaries and Affiliates
Related Party Transaction [Line Items]
Net sales	400	402	211
Cost of goods sold	554	496	399
Trade receivables	0	0
Payables to Iveco Group N.V	100	101
Iveco Group post-Demerger
Related Party Transaction [Line Items]
Net sales	48	21	28
Cost of goods sold	930	948	601
Selling, general and administrative expenses	0	0	$ 0
Trade receivables	21	87
Payables to Iveco Group N.V	$ 184	$ 181

Uncategorized Items - cnhi-2022

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	$ 5,773,000,000