CNH Industrial (CNH) 10-K 29 Feb 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jan. 31, 2024
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
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	Cranes Farm Road
Entity Address, City or Town	Basildon, Essex
Entity Address, Postal Zip Code	SS14 3AD
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
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding			1,256,256,668
Entity Public Float	$ 13,900
Documents Incorporated by Reference	Portions of the Registrant's Proxy Statement for its 2024 Annual General Meeting of Shareholders ("Proxy Statement") are incorporated by reference into Part III of this Form 10-K.
Amendment Flag	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Central Index Key	0001567094
Entity Tax Identification Number	98-1125413
Auditor firm ID	34	42
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
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, 2023	Dec. 31, 2022
Audit Information [Abstract]
Auditor location	Chicago, Illinois	Chicago, Illinois
Auditor firm ID	34	42
Auditor name	Deloitte & Touche LLP	Ernst & Young LLP

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Net sales	$ 22,080	$ 21,541	$ 17,802
Finance, interest and other income	2,607	2,010	1,694
Total Revenues	24,687	23,551	19,496
Costs and Expenses
Cost of goods sold	16,838	16,797	14,109
Selling, general and administrative expenses	1,863	1,752	1,454
Research and development expenses	1,041	866	642
Restructuring expenses	67	31	35
Interest expense	1,345	734	549
Other, net	830	689	768
Total Costs and Expenses	21,984	20,869	17,557
Income (loss) of Consolidated Group before Income Taxes	2,703	2,682	1,939
Income tax expense	(594)	(747)	(229)
Equity in income of unconsolidated subsidiaries and affiliates	274	104	91
Net income (loss) from continuing operations	2,383	2,039	1,801
Net income (loss) from discontinued operations	0	0	(41)
Net income (loss)	2,383	2,039	1,760
Net income attributable to noncontrolling interests	12	10	37
Net income (loss) attributable to CNH Industrial N.V.	$ 2,371	$ 2,029	$ 1,723
Basic earnings (loss) per share attributable to common shareholders
Continuing operations (in dollars per share)	$ 1.78	$ 1.50	$ 1.32
Discontinuing operations (in dollars per share)	0	0	(0.05)
Basic (in dollars per share)	1.78	1.50	1.27
Diluted earnings (loss) per share attributable to common shareholders
Continuing operations (in dollars per share)	1.76	1.49	1.32
Discontinuing operations (in dollars per share)	0	0	(0.05)
Diluted (in dollars per share)	$ 1.76	$ 1.49	$ 1.27
Weighted average common shares outstanding—basic (in shares)	1,332	1,351	1,354
Weighted average common shares outstanding—diluted (in shares)	1,350	1,362	1,361
Cash dividends declared per common share (in dollars per share)	$ 0.394	$ 0.302	$ 0.132

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 2,383	$ 2,039	$ 1,760
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on cash flow hedges	(56)	44	(11)
Changes in retirement plans’ funded status	(66)	41	94
Foreign currency translation	40	158	247
Share of other comprehensive income (loss) of entities using the equity method	(11)	(25)	(93)
Other comprehensive income (loss), net of tax	(93)	218	237
Comprehensive income (loss)	2,290	2,257	1,997
Less: Comprehensive income attributable to noncontrolling interests	15	9	43
Comprehensive income (loss) attributable to CNH Industrial N.V.	$ 2,275	$ 2,248	$ 1,954

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 4,322	$ 4,376
Restricted cash	723	753
Trade receivables, net	133	172
Financing receivables, net	24,249	19,260
Financial receivables from Iveco Group N.V.	380	298
Inventories, net	5,545	4,811
Property, plant and equipment, net	1,913	1,532
Investments in unconsolidated subsidiaries and affiliates	563	385
Equipment under operating leases	1,417	1,502
Goodwill	3,614	3,322
Other intangible assets, net	1,292	1,129
Deferred tax assets	979	433
Derivative assets	136	189
Other assets	1,085	1,219
Total Assets	46,351	39,381
Liabilities and Equity
Debt	27,326	22,962
Financial payables to Iveco Group N.V	146	156
Trade payables	3,611	3,702
Deferred tax liabilities	35	85
Pension, postretirement and other postemployment benefits	476	449
Derivative liabilities	216	204
Other liabilities	6,307	4,847
Total Liabilities	38,117	32,405
Redeemable noncontrolling interest	54	49
Common shares, €0.01, par value; outstanding 1,290,937,585 common shares and 371,000,610 loyalty program special voting shares in 2023; and outstanding 1,344,240,971 common shares and 371,072,953 loyalty program special voting shares in 2022	25	25
Treasury stock, at cost - 73,462,611 shares in 2023 and 20,159,225 shares in 2022	(865)	(230)
Additional paid in capital	1,578	1,504
Retained earnings	9,750	7,906
Accumulated other comprehensive loss	(2,374)	(2,278)
Noncontrolling interests	66	0
Total Equity	8,180	6,927
Total Liabilities and Equity	46,351	39,381
Variable Interest Entity, Primary Beneficiary
Assets
Restricted cash	626	595
Financing receivables, net	10,365	8,808
Total Assets	10,991	9,403
Liabilities and Equity
Debt	10,033	8,485
Total Liabilities	$ 10,033	$ 8,485

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common shares, par value (in eur per share)	$ 0.01	$ 0.01
Common shares outstanding (in shares)	1,290,937,585	1,344,240,971
Special voting shares outstanding (in shares)	371,000,610	371,072,953
Treasury stock (in shares)	73,462,611	20,159,225

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash Flows from Operating Activities
Net income (loss)	$ 2,383	$ 2,039	$ 1,760
Less: Net income (loss) from discontinued operations	0	0	(41)
Net income (loss) from continuing operations	2,383	2,039	1,801
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense excluding depreciation and amortization of assets under operating lease	377	327	295
Depreciation and amortization expense of assets under operating lease	187	208	242
(Gain) loss from disposal of assets	10	(42)	0
Loss on repurchase of notes	0	0	8
Undistributed income (loss) of unconsolidated subsidiaries	(211)	(69)	(29)
Other non-cash items	173	196	126
Changes in operating assets and liabilities:
Provisions	911	189	93
Deferred income taxes	(535)	(50)	(273)
Trade and financing receivables related to sales, net	(2,268)	(2,447)	191
Inventories, net	(259)	(151)	(555)
Trade payables	(157)	125	738
Other assets and liabilities	296	232	561
Cash flow from operating activities (discontinued operation)	0	0	884
Net cash provided by operating activities	907	557	4,082
Cash Flows from Investing Activities
Additions to retail receivables	(8,069)	(5,971)	(5,328)
Collections of retail receivables	5,824	4,360	4,338
Proceeds from the sale of assets, net of assets under operating leases	16	97	11
Expenditures for property, plant and equipment and intangible assets excluding assets under operating lease	(644)	(461)	(365)
Expenditures for assets under operating leases	(551)	(538)	(556)
Other, net	(275)	(496)	(2,670)
Cash flow from investing activities (discontinued operation)	0	0	(431)
Net cash used in investing activities	(3,699)	(3,009)	(5,001)
Cash Flows from Financing Activities
Proceeds from long-term debt	9,941	11,183	7,988
Payments of long-term debt	(8,224)	(9,223)	(9,088)
Net increase (decrease) in other financial liabilities	2,071	580	(111)
Dividends paid	(538)	(423)	(188)
Purchase of treasury stock and other	(652)	(153)	0
Cash flow from financing activities (discontinued operation)	0	0	(46)
Net cash provided (used) by financing activities	2,598	1,964	(1,445)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	110	(228)	(403)
Net increase (decrease) in cash, cash equivalents and restricted cash	(84)	(716)	(2,767)
Cash, cash equivalents and restricted cash, beginning of year			6,862
Cash, cash equivalents and restricted cash, end of year			6,862
Cash, cash equivalents and restricted cash, end of year (discontinued operation)	0	0	1,017
Cash, cash equivalents and restricted cash, end of year (continuing operations)	5,045	5,129	5,845
Components of cash, cash equivalents and restricted cash
Cash and cash equivalents	4,322	4,376	5,044
Restricted cash	723	753	801
Total cash, cash equivalents and restricted cash	$ 5,045	$ 5,129	$ 5,845

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Millions		Total	Revision of Prior Period, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common Shares	Common Shares Cumulative Effect, Period of Adoption, Adjusted Balance	Treasury Stock	Treasury Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Additional Paid-in Capital	Additional Paid-in Capital Revision of Prior Period, Adjustment	Additional Paid-in Capital Cumulative Effect, Period of Adoption, Adjusted Balance	Retained Earnings	Retained Earnings Revision of Prior Period, Adjustment	Retained Earnings Cumulative Effect, Period of Adoption, Adjusted Balance	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Revision of Prior Period, Adjustment	Accumulated Other Comprehensive Income (Loss) Cumulative Effect, Period of Adoption, Adjusted Balance	Noncontrolling Interests	Noncontrolling Interests Revision of Prior Period, Adjustment	Noncontrolling Interests Cumulative Effect, Period of Adoption, Adjusted Balance	Redeemable Noncontrolling Interest	Redeemable Noncontrolling Interest Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance at Dec. 31, 2020		$ 4,989			$ 25		$ (109)		$ 4,388			$ 3,279			$ (2,676)			$ 82
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	[1]	(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
Beginning balance, redeemable noncontrolling interest at Dec. 31, 2020																					40
Redeemable Noncontrolling Interest
Net income (loss), redeemable noncontrolling interests																					12
Ending balance, redeemable noncontrolling interest at Dec. 31, 2021																					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	[1]	(412)										(412)						0			(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
Stockholders' Equity
Net income (loss), excluding redeemable noncontrolling interests		2,367										2,371						(4)
Other comprehensive income (loss), net of tax		(93)													(96)			3
Dividends paid	[1]	(527)										(527)									(11)
Acquisition of treasury stock		(652)					(652)
Common shares issued from treasury stock and capital increase for share-based compensation		0					20		(20)
Share-based compensation expense		99							99
Other changes		59					(3)		(5)			0						67			0
Ending balance at Dec. 31, 2023		8,180			$ 25		$ (865)		$ 1,578			$ 9,750			$ (2,374)			$ 66
Redeemable Noncontrolling Interest
Net income (loss), redeemable noncontrolling interests																					16
Ending balance, redeemable noncontrolling interest at Dec. 31, 2023		$ 54																			$ 54
[1] Dividends per share of common stock of $0.394, $0.302 and $0.132 were declared in the years ended December 31 2023, 2022 and 2021, respectively.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - Parenthetical - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash dividends declared per common share (in dollars per share)	$ 0.394	$ 0.302	$ 0.132

Presentation

Presentation	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Presentation	Presentation CNH Industrial N.V. (“CNH” or the “Company”) is incorporated in, and under the laws of, the Netherlands. CNH 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’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 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, 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 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. 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 due to the Demerger that occurred on January 1, 2022. Details of Statement of Operations line items included in Discontinued Operations, after the eliminations, for the year ended December 31, 2021 are as follows: (in millions of dollars) 2021 Revenues Net sales $ 14,743 Finance, interest and other income 194 Total Revenues 14,937 Costs and Expenses Cost of goods sold 12,765 Selling, general and administrative expenses 989 Research and development expenses 594 Restructuring expenses 39 Interest expense 129 Other, net 380 Total Costs and Expenses 14,896 Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates 41 Income tax (expense) benefit (113) Equity in income of unconsolidated subsidiaries and affiliates 31 Net Income (loss) from discontinued operations $ (41) All cash flows from Discontinued Operations are reported in the appropriate items for operating, investing and financing activities in the Statement of Cash Flows. The cash flows represent those arising from transactions with third parties. Cash flows from Discontinued Operations for the year ended December 31, 2021 are as follows: (in millions of dollars) 2021 Cash Flows from Operating Activities Net income (loss) of discontinued operations $ (41) Adjustments to reconcile net income to net cash provided (used) by operating activities: Depreciation and amortization expense excluding depreciation and amortization of assets under operating lease 316 Depreciation and amortization expense of assets under operating lease 296 (Gain) loss on disposal of assets (44) Undistributed income of unconsolidated subsidiaries (13) Other non-cash items 197 Changes in operating assets and liabilities: Provisions 87 Deferred income taxes 36 Trade and financing receivables related to sales, net 54 Inventories, net (216) Trade payables 25 Other assets and liabilities 187 Cash flow from operating activities of discontinued operation $ 884 Cash Flows from Investing Activities Additions to retail receivables $ (42) Collections of retail receivables 50 Proceeds from the sale of assets, net of assets under operating leases — Expenditures for property, plant and equipment and intangible assets excluding assets under operating leases (348) Expenditures for assets under operating leases (763) Other 672 Cash flow provided (used) by investing activities of discontinued operation $ (431) Cash Flows from Financing Activities Proceeds from long-term debt $ 3,459 Payments of long-term debt (3,602) Net increase (decrease) in other financial liabilities 97 Dividends paid — Cash flow from financing activities of discontinued operation $ (46)

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation CNH 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’s subsidiaries in which CNH 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’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 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’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. Effective October 12, 2023, CNH closed on its purchase of Hemisphere, a global satellite navigation technology leader, for a total consideration of $181 million. The acquisition of Hemisphere consolidates our guidance and connectivity capabilities to advance CNH's in-house precision, automation and autonomy technology for the agriculture and construction industries. At December 31, 2023, CNH recorded preliminary estimates for the fair value of assets acquired and liabilities assumed as of the acquisition date, including $111 million and $51 million in preliminary goodwill and intangible assets, respectively. The valuation of assets acquired and liabilities assumed has not been finalized as of December 31, 2023. Thus, goodwill associated with the acquisition is subject to adjustment during the measurement period. Pro forma results of operations have not been presented because the effects of the Hemisphere acquisition were not material to the Company’s consolidated results of operations. Additionally, Hemisphere's post-acquisition results were not material. On March 15, 2023, CNH acquired a controlling interest in Bennamann (ownership interest of 50.0085%) by purchasing an additional 34.4% interest through cash consideration of approximately $51 million. At March 31, 2023, CNH recorded preliminary estimates for the fair value of assets acquired and liabilities assumed as of the acquisition date, including $118 million and $46 million in preliminary goodwill and intangible assets, respectively. The valuation of assets acquired and liabilities assumed has not yet been finalized as of December 31, 2023. Thus, goodwill associated with the acquisition is subject to adjustment during the measurement period. Measurement period adjustments were made during the year reducing goodwill by $3 million, primarily offset by increases in intangible assets as a result of updates of certain of the valuations. Pro forma results of operations have not been presented because the effects of the Bennamann acquisition were not material to the Company’s consolidated results of operations. Additionally, Bennamann's post-acquisition results were not material. On March 13, 2023, CNH purchased Augmenta. The Company acquired the remaining 89.5% of Augmenta it did not own for cash consideration of approximately $80 million and a deferred payment of $10 million. At March 31, 2023, CNH recorded preliminary estimates for the fair value of assets acquired and liabilities assumed as of the acquisition date, including $76 million and $35 million in preliminary goodwill and intangible assets, respectively. The valuation of assets acquired and liabilities assumed has not yet been finalized as of December 31, 2023. Thus, goodwill associated with the acquisition is subject to adjustment during the measurement period. Measurement period adjustments were recorded during the year reducing goodwill by $14 million primarily offset by increases in intangible assets as a result of updates of certain of the valuations. Pro forma results of operations have not been presented because the effects of the Augmenta acquisition were not material to the Company’s consolidated results of operations. Additionally, Augmenta's post-acquisition results were not material. 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. 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 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) 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 is entitled 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 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 is entitled to receive. In most of the jurisdictions where the Company operates, and subject to specific exceptions, transfer of control occurs upon shipment. We have elected to recognize at the time of sale costs for shipping and handling activities that occur after control has transferred. These expenses are presented in Cost of Goods Sold. For all sales, no uncertainty exists surrounding the purchaser’s obligation to pay for equipment and parts. Fixed payment schedules exist for all sales, but payment terms vary by geographic market and product line. See Note 4: Receivables for information about financing payment terms. The Company records an appropriate allowance for credit losses. 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. 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 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 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; see Note 4: Receivables for further information), 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 is 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 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 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. 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 past due, whichever occurs earlier. Income 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 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 is recognized, CNH records the estimated future base warranty costs for the product. CNH determines its total warranty liability by applying historical claims rate experience, while considering specific contractual terms, to the part 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 expenses advertising costs as incurred. Advertising expenses totaled $148 million , $152 million and $110 million for the years ended December 31, 2023, 2022 and 2021, 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 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’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, 2023 and 2022 the Company recorded net gain of $10 million and net loss $185 million, respectively. For the year ended December 31, 2021 the Company recorded a net loss of $135 million. Included in the net losses in 2021 were charges of $47 million (inclusive of impact of discontinued operations) due to the devaluation of net monetary assets of Argentinian subsidiaries. There was no impact in 2023 and 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 losses of $119 million, $80 million and $6 million for the years ended December 31, 2023, 2022 and 2021, 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. Restricted cash equivalents are highly liquid investments with an original maturity of one month or less. 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’s customers. Cash flows from financing receivables that are related to sales to CNH’s dealers are also included in operating activities. CNH’s financing of receivables related to equipment sold by dealers is included in investing activities. CNH paid interest of $1,091 million, $718 million and $539 million for the years ended December 31, 2023, 2022 and 2021, respectively. For 2023, 2022 and 2021, the amount includes a charge of $— million, $— million and $8 million, respectively, in connection with the Company’s accelerated debt redemption strategy. CNH paid taxes of $802 million, $717 million and $348 million in 2023, 2022 and 2021, respectively. In 2023, Other non-cash items of $173 million primarily included share-based payments of $99 million and writedowns of financial assets of $80 million. In 2022, Other non-cash items of $196 million primarily included share-based 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 2023, Investing Activities - Other included cash paid for business acquisitions of $312 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 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 estimated that amounts due are deemed uncollectible. 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, for 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’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

Revenue

Revenue	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The following table summarize revenues for the years ended December 31, 2023, 2022 and 2021: Year Ended December 31, (in millions of dollars) 2023 2022 2021 Agriculture $ 18,148 $ 17,969 $ 14,721 Construction 3,932 3,572 3,081 Eliminations and other — — — Total Industrial Activities 22,080 21,541 17,802 Financial Services 2,573 1,996 1,672 Eliminations and other 34 14 22 Total Revenues $ 24,687 $ 23,551 $ 19,496 The following table disaggregates revenues by major source for the years ended December 31, 2023, 2022 and 2021: Year Ended December 31, (in millions of dollars) 2023 2022 2021 Revenues from: Sales of goods $ 22,036 $ 21,506 $ 17,783 Rendering of services and other revenues 44 35 19 Revenues from sales of goods and services 22,080 21,541 17,802 Finance and interest income 1,882 1,169 912 Rents and other income on operating lease 725 841 782 Finance, interest and other income 2,607 2,010 1,694 Total Revenues $ 24,687 $ 23,551 $ 19,496 Contract liabilities recorded in Other liabilities were $50 million, $33 million and $20 million at December 31, 2023, 2022 and 2021, respectively. Contract liabilities primarily relate to extended warranties. During the year ended December 31, 2023, 2022 and 2021, revenues included $11 million, $6 million and $1 million, respectively, relating to contract liabilities outstanding at the beginning of each period.

Receivables

Receivables	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Receivables	Receivables Trade Receivables, net As of December 31, 2023 and 2022, the Company had trade receivables of $133 million and $172 million, respectively. Trade receivables are shown net of allowances for credit losses of $24 million and $23 million at December 31, 2023 and 2022 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, 2023 and 2022 is as follows: (in millions of dollars) 2023 2022 Retail $ 13,868 $ 11,446 Wholesale 10,334 7,785 Other 47 29 Total $ 24,249 $ 19,260 CNH provides and administers retail note and lease financing, as well as revolving charge account financing, to end use customers for the purchase of new and used equipment and components sold by its dealer network. 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, from 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 by the dealer of the underlying equipment. For 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 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 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 2023, 2022 or 2021 relating to the termination of dealer contracts. Maturities of financing receivables as of December 31, 2023 are as follows: (in millions of dollars) Amount 2024 $ 14,852 2025 3,363 2026 2,657 2027 1,900 2028 1,086 2029 and thereafter 391 Total $ 24,249 It has been the Company’s experience that substantial portions of retail receivables, 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 not related to or secured by an identified piece of equipment. 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 receivable for which there is a breach of the representations and warranties. Moreover, the Company does not guarantee any security 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, 2023 and 2022, the carrying amount of such restricted receivables included in financing receivables are the following: (in millions of dollars) 2023 2022 Retail $ 7,707 $ 6,766 Wholesale 6,381 4,582 Total $ 14,088 $ 11,348 Allowance for Credit Losses CNH's allowance for credit losses is segregated into two portfolio products: retail and wholesale. A portfolio product is the level at which CNH develops a systematic methodology for determining its allowance for credit losses. Further, the class of receivables by which CNH evaluates its portfolio products is by geographic region. Typically, CNH'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, 2023 is as follows: (in millions of dollars) Retail Wholesale Opening balance $ 270 $ 64 Provision 86 (6) Charge-offs (42) (5) Recoveries 4 — Foreign currency translation and other (8) — Ending balance $ 310 $ 53 At December 31, 2023, the allowance for credit losses included an increase in reserves due to reserve needs primarily in South America, partially offset by a decrease in reserves of $15 million due to the sale of CNH Capital Russia. CNH 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, 2022 is as follows: (in millions of dollars) 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 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 of dollars) 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. CNH assesses and monitors the credit quality of its financing receivables based on delinquency status. 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 receivables for which CNH 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, 2023. 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 by vintage as of December 31, 2023 is as follows: (in millions of dollars) 31-60 Days Past Due 61-90 Days Past Due Total Past Due Current Total Performing Non- Performing Total Gross Charge-offs Retail North America 2023 $ 3,976 $ 4 $ 3,980 $ 1 2022 2,133 4 2,137 10 2021 1,323 3 1,326 4 2020 561 2 563 3 2019 208 1 209 3 Prior to 2019 66 1 67 3 Total 44 3 47 8,220 8,267 15 8,282 24 South America 2023 1,986 9 1,995 — 2022 955 32 987 — 2021 573 13 586 2 2020 294 4 298 7 2019 123 2 125 1 Prior to 2019 107 1 108 1 Total 22 — 22 4,016 4,038 61 4,099 11 Asia Pacific 2023 609 — 609 — 2022 453 1 454 1 2021 255 1 256 1 2020 115 1 116 2 2019 31 1 32 2 Prior to 2019 3 — 3 1 Total 5 6 11 1,455 1,466 4 1,470 7 Europe, Middle East, Africa — — — 6 6 11 17 — Total Retail $ 71 $ 9 $ 80 $ 13,697 $ 13,777 $ 91 $ 13,868 $ 42 Wholesale North America $ — $ — $ — $ 5,154 $ 5,154 $ — $ 5,154 $ — South America — — — 1,404 1,404 2 1,406 4 Asia Pacific 4 2 6 870 876 — 876 1 Europe, Middle East, Africa 5 — 5 2,893 2,898 — 2,898 — Total Wholesale $ 9 $ 2 $ 11 $ 10,321 $ 10,332 $ 2 $ 10,334 $ 5 The aging of financing receivables by vintage as of December 31, 2022 is as follows: (in millions of dollars) 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 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 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. As of December 31, 2023 and 2022, CNH's TDRs for retail and wholesale receivables were immaterial.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022 consist of the following: (in millions of dollars) 2023 2022 Raw materials $ 1,891 $ 1,955 Work-in-process 443 471 Finished goods 3,211 2,385 Total Inventories $ 5,545 $ 4,811

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment A summary of property, plant and equipment as of December 31, 2023 and 2022 is as follows: (in millions of dollars) 2023 2022 Land and industrial buildings $ 1,896 $ 1,807 Plant, machinery and equipment 3,641 3,293 Construction in progress 276 194 Other 423 364 Gross property, plant and equipment 6,236 5,658 Accumulated depreciation (4,323) (4,126) Net property, plant and equipment $ 1,913 $ 1,532 Property, plant and equipment recorded under capital leases were immaterial as of December 31, 2023 and 2022. Depreciation expense on the above property, plant and equipment totaled $213 million, $198 million and $210 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Investments in Unconsolidated S

Investments in Unconsolidated Subsidiaries and Affiliates	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022 is as follows: (in millions of dollars) 2023 2022 Equity method $ 509 $ 331 Other investments, at carrying value 54 54 Total $ 563 $ 385 A summary of the combined results of operations and financial position as reported by the investees that CNH accounts for using the equity method is as follows (unaudited): Years Ended December 31, (in millions of dollars) 2023 2022 2021 Net revenue $ 2,748 $ 2,096 $ 1,996 Income before taxes $ 888 $ 348 $ 332 Net income $ 733 $ 280 $ 247 As of December 31, (in millions of dollars) 2023 2022 Total assets $ 7,792 $ 7,290 Total liabilities $ 6,347 $ 6,376 Total equity $ 1,445 $ 914 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, 2023
Leases [Abstract]
Leases	Leases Lessee The Company has operating lease contracts mainly 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, the Company incurred lease expense of $10 million and $13 million for the year ended December 31, 2023 and 2022, respectively. For the year ended December 31, 2023 and 2022, the Company incurred operating lease expenses of $93 million and $74 million, respectively. At December 31, 2023 and 2022, the Company recorded approximately $297 million and $225 million of a right-of-use asset, respectively, and $300 million and $228 million of lease liability included in Other assets Other liabilities During the year ended December 31, 2023 and 2022, leased assets obtained in exchange for operating lease obligations were $153 million and $114 million, respectively. During the year ended December 31, 2023 and 2022, operating cash outflow for amounts included in the measurement of operating lease obligations was $90 million and $73 million, respectively. Future minimum lease payments under non-cancellable leases as of December 31, 2023 were as follows: (in millions of dollars) Operating Leases 2024 $ 86 2025 68 2026 53 2027 41 2028 30 2029 and thereafter 73 Total future minimum lease payments 351 Less: Interest 51 Total $ 300 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, 2023, and 2022 is as follows: (in millions of dollars) 2023 2022 Equipment on operating leases $ 1,784 $ 1,894 Accumulated depreciation (367) (392) Net equipment on operating leases $ 1,417 $ 1,502 Depreciation expense on equipment on operating leases is recorded in "Other, net" and amounted to $187 million, $207 million and $241 million for the years ended December 31, 2023, 2022 and 2021, 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: (in millions of dollars) Amount 2024 $ 204 2025 142 2026 78 2027 31 2028 10 2029 and thereafter — Total undiscounted lease payments $ 465
Leases	Leases Lessee The Company has operating lease contracts mainly 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, the Company incurred lease expense of $10 million and $13 million for the year ended December 31, 2023 and 2022, respectively. For the year ended December 31, 2023 and 2022, the Company incurred operating lease expenses of $93 million and $74 million, respectively. At December 31, 2023 and 2022, the Company recorded approximately $297 million and $225 million of a right-of-use asset, respectively, and $300 million and $228 million of lease liability included in Other assets Other liabilities During the year ended December 31, 2023 and 2022, leased assets obtained in exchange for operating lease obligations were $153 million and $114 million, respectively. During the year ended December 31, 2023 and 2022, operating cash outflow for amounts included in the measurement of operating lease obligations was $90 million and $73 million, respectively. Future minimum lease payments under non-cancellable leases as of December 31, 2023 were as follows: (in millions of dollars) Operating Leases 2024 $ 86 2025 68 2026 53 2027 41 2028 30 2029 and thereafter 73 Total future minimum lease payments 351 Less: Interest 51 Total $ 300 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, 2023, and 2022 is as follows: (in millions of dollars) 2023 2022 Equipment on operating leases $ 1,784 $ 1,894 Accumulated depreciation (367) (392) Net equipment on operating leases $ 1,417 $ 1,502 Depreciation expense on equipment on operating leases is recorded in "Other, net" and amounted to $187 million, $207 million and $241 million for the years ended December 31, 2023, 2022 and 2021, 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: (in millions of dollars) Amount 2024 $ 204 2025 142 2026 78 2027 31 2028 10 2029 and thereafter — Total undiscounted lease payments $ 465
Leases	Leases Lessee The Company has operating lease contracts mainly 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, the Company incurred lease expense of $10 million and $13 million for the year ended December 31, 2023 and 2022, respectively. For the year ended December 31, 2023 and 2022, the Company incurred operating lease expenses of $93 million and $74 million, respectively. At December 31, 2023 and 2022, the Company recorded approximately $297 million and $225 million of a right-of-use asset, respectively, and $300 million and $228 million of lease liability included in Other assets Other liabilities During the year ended December 31, 2023 and 2022, leased assets obtained in exchange for operating lease obligations were $153 million and $114 million, respectively. During the year ended December 31, 2023 and 2022, operating cash outflow for amounts included in the measurement of operating lease obligations was $90 million and $73 million, respectively. Future minimum lease payments under non-cancellable leases as of December 31, 2023 were as follows: (in millions of dollars) Operating Leases 2024 $ 86 2025 68 2026 53 2027 41 2028 30 2029 and thereafter 73 Total future minimum lease payments 351 Less: Interest 51 Total $ 300 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, 2023, and 2022 is as follows: (in millions of dollars) 2023 2022 Equipment on operating leases $ 1,784 $ 1,894 Accumulated depreciation (367) (392) Net equipment on operating leases $ 1,417 $ 1,502 Depreciation expense on equipment on operating leases is recorded in "Other, net" and amounted to $187 million, $207 million and $241 million for the years ended December 31, 2023, 2022 and 2021, 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: (in millions of dollars) Amount 2024 $ 204 2025 142 2026 78 2027 31 2028 10 2029 and thereafter — Total undiscounted lease payments $ 465

Goodwill and Other Intangibles

Goodwill and Other Intangibles	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022 are as follows: (in millions of dollars) Agriculture Construction Financial Services Total Balance at January 1, 2022 $ 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 Foreign currency translation and other 2 1 1 4 Acquisitions 288 — — 288 Balance at December 31, 2023 $ 3,426 $ 47 $ 141 $ 3,614 During 2023, the acquisitions of Augmenta, Bennamann and Hemisphere led to an increase in goodwill for Agriculture of $76 million, $118 million and $111 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. During fiscal year 2023, measurement period adjustments were recorded reducing goodwill by $14 million and $3 million for Augmenta and Bennamann, respectively. The valuations of assets acquired and liabilities assumed have not yet been finalized as of December 31, 2023. Thus, goodwill associated with the acquisitions is subject to adjustment during the measurement period. Impairment testing for goodwill is done at a reporting unit level. Under the goodwill impairment test, CNH’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 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, 2023, 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, 2023 the estimated fair values of all reporting units with goodwill exceeded the carrying value by more than 40%. Accordingly, management determined that none of the reporting units were at higher risk for impairment at December 31, 2023. As of December 31, 2023, and December 31, 2022, the Company’s other intangible assets and related accumulated amortization consisted of the following: 2023 2022 (in millions of dollars) Weighted Avg. Life Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible assets subject to amortization: Dealer networks 20-25 $ 246 $ 223 $ 23 $ 291 $ 242 $ 49 Patents, concessions, licenses and other 5-25 928 523 405 787 470 317 Capitalized software 2-5 1,070 810 260 890 683 207 2,244 1,556 688 1,968 1,395 573 Other intangible assets not subject to amortization: In-process research and development 213 — 213 165 — 165 Software in-progress 119 — 119 119 — 119 Trademarks 272 — 272 272 — 272 Total other intangible assets $ 2,848 $ 1,556 $ 1,292 $ 2,524 $ 1,395 $ 1,129 During 2023, the Company’s acquisitions lead to an increase in intangible assets of $35 million, $46 million and $51 million for Augmenta, Bennamann and Hemisphere, respectively. The recorded intangibles comprised for developed technology, in-process R&D, and customer relationships. Measurement period adjustments were recorded in the second and third quarters increasing intangible assets by $12 million and $5 million for Augmenta and Bennamann, respectively. The valuation of assets acquired and liabilities assumed has not been finalized as of December 31, 2023. The intangible assets associated with the acquisitions are subject to adjustment during the measurement period. CNH recorded amortization expense of $164 million, $130 million and $85 million during 2023, 2022 and 2021, respectively.

Debt

Debt	12 Months Ended
	Dec. 31, 2023
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. At December 31, 2023, CNH’s available committed unsecured facilities expiring after twelve months amounted to $5.9 billion ($5.1 billion at December 31, 2022). In March 2019, CNH 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 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 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, 2023, the Company was in compliance with all covenants in the revolving credit facility. At December 31, 2023, Financial Services’ committed asset-backed facilities expiring after twelve months amounted to $3.7 billion ($2.9 billion at December 31, 2022), of which $3.7 billion at December 31, 2023 ($2.1 billion at December 31, 2022) were utilized. CNH entered into an 18-month committed unsecured credit facility on December 19, 2023, was undrawn at December 31, 2023 and was fully drawn on January 12, 2024. Debt A summary of issued bonds outstanding as of December 31, 2023, is as follows: (in millions of dollars, except percentages) Currency Face value of outstanding bonds Coupon Maturity Outstanding amount Industrial Activities Euro Medium Term Notes: CNH Industrial Finance Europe S.A. (1) EUR $ 750 0.000 % April 1, 2024 $ 829 CNH Industrial Finance Europe S.A. (1) EUR 650 1.750 % September 12, 2025 718 CNH Industrial Finance Europe S.A. (1) EUR 100 3.500 % November 12, 2025 111 CNH Industrial Finance Europe S.A. (1) EUR 500 1.875 % January 19, 2026 553 CNH Industrial Finance Europe S.A. (1) EUR 600 1.750 % March 25, 2027 663 CNH Industrial Finance Europe S.A. (1) EUR 50 3.875 % April 21, 2028 55 CNH Industrial Finance Europe S.A. (1) EUR 500 1.625 % July 3, 2029 553 CNH Industrial Finance Europe S.A. (1) EUR 50 2.200 % July 15, 2039 55 Other Bonds: CNH Industrial N.V. (2) USD 500 3.850 % November 15, 2027 500 Hedging effects, bond premium/discount, and unamortized issuance costs (51) Total Industrial Activities $ 3,986 Financial Services 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 LLC USD 600 4.550 % April 10, 2028 600 CNH Industrial Capital LLC USD 500 5.500 % January 12, 2029 500 CNH Industrial Capital Australia Pty Ltd. AUD 425 1.750% 5.800% 2024/2026 289 CNH Industrial Capital Canada Ltd. CAD 300 1.500 % October 1, 2024 226 CNH Industrial Capital Canada Ltd. CAD 400 5.500 % August 11, 2026 302 CNH Industrial Capital Argentina S.A. USD 59 0.000 % 2025/2025 59 Banco CNH Industrial Capital S.A. BRL 3,547 12.600% 13.440% 2024/2028 732 Hedging effects, bond premium/discount, and unamortized issuance costs (38) Total Financial Services $ 5,170 (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, 2023 and 2022, is as follows: 2023 2022 (in millions of dollars) Industrial Activities Financial Services Total Industrial Activities Financial Services Total Total bonds $ 3,986 $ 5,170 $ 9,156 $ 4,836 $ 4,046 $ 8,882 Asset-backed debt — 11,716 11,716 — 9,751 9,751 Other debt 146 6,308 6,454 73 4,256 4,329 Intersegment debt 301 527 — 63 888 — Total Debt 4,433 23,721 27,326 4,972 18,941 22,962 Financial payables to Iveco Group N.V. 6 140 146 5 151 156 Total Debt (including Financial payables to Iveco Group N.V.) $ 4,439 $ 23,861 $ 27,472 $ 4,977 $ 19,092 $ 23,118 The weighted-average interest rate on consolidated debt at December 31, 2023, and 2022 was 5.3% and 3.5%, respectively. In April 2022, Banco CNH Industrial Capital S.A. issued BRL600 million of notes in two tranches: BRL 177 million at CDI + 0.900%, due in 2024 and BRL 423 million at CDI +1.100%, due in 2025. In May 2022, Banco CNH Industrial Capital S.A. issued BRL 350 million of notes at CDI +1.100%, due in 2025, through a private placement. In May 2022, CNH Industrial Capital LLC issued USD 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 + 0.900%, due in 2024; BRL 193 million at CDI +1.050%, due in 2025; and BRL 239 million at CDI +1.300%, due in 2026. In October 2022, CNH Industrial Capital LLC issued USD 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 issued USD 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 + 1.050%, due in 2025, through a private placement. In December 2022, Banco CNH Industrial Capital S.A. issued BRL 190 million of notes at CDI + 0.850%, due in 2024, through a private placement. In April 2023, CNH Industrial Capital LLC issued USD 600 million of 4.550% notes due 2028, with an issue price of 98.857% of their principal amount. In May 2023, CNH Industrial Capital Argentina issued USD 36.4 million of 0.000% notes due in 2025 at an issue price of 124.000% of their principal amount. In May 2023, Banco CNH Industrial Capital S.A. issued BRL 500 million of notes in two tranches: BRL 400 million at CDI + 1.400%, due in 2025 and BRL 100 million at CDI +1.600%, due in 2026. In July 2023, CNH Industrial Capital Australia Pty. Limited issued AUD 175 million of 5.800% notes due in 2026 at an issue price of 99.715% of their principal amount. In August 2023, CNH Industrial Capital Canada Ltd. issued CAD 400 million of 5.500% notes due in 2026, with an issue price of 99.883% of their principal amount. In September 2023, CNH Industrial Capital LLC issued USD 500 million of 5.500% notes due in 2029 at an issue price of 99.399% of their principal amount. In October 2023, Banco CNH Industrial Capital S.A. issued BRL 600 million of notes in three tranches: BRL 312.1 million at CDI + 0.900%, due in 2025, BRL 172.4 million at CDI + 1.000%, due in 2026 and BRL 115.5 million at CDI +1.300%, due in 2027. 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. On November 30, 2023, Standard & Poor's ("S&P") Global Ratings raised its long-term issuer credit ratings on CNH Industrial N.V. and its subsidiary, CNH Industrial Capital LLC, to 'BBB+' from 'BBB'. S&P Global Ratings also affirmed the 'A-2' short-term issuer credit rating. Additionally, S&P Global Ratings raised the issue-level ratings on CNH Industrial N.V. and its industrial subsidiaries' debt, as well as the issue-level ratings on CNH Industrial Capital LLC's senior unsecured debt, to 'BBB+' from 'BBB'. The outlook is stable. The bonds issued by CNH 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 $1.5 billion and $1.2 billion at December 31, 2023 and 2022, 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, 2023 and thereafter is as follows: (in millions of dollars) Industrial Activities Financial Services Consolidated 2024 $ 952 $ 10,525 $ 11,477 2025 831 5,245 6,076 2026 553 3,525 4,078 2027 1,133 1,206 2,339 2028 55 1,521 1,576 2029 and thereafter 608 1,172 1,780 Financial payables to Iveco Group N.V. 6 140 146 Intersegment 301 527 — Total $ 4,439 $ 23,861 $ 27,472

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
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 for income taxes as reported in its consolidated statements of operations for the year ended December 31, 2023 of $594 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, 2023, 2022 and 2021 are as follows: (in millions of dollars) 2023 2022 2021 Parent country source $ (48) $ 143 $ 161 Foreign sources 2,751 2,539 1,778 Income (loss) of Consolidated Group before Income Taxes $ 2,703 $ 2,682 $ 1,939 The provision for income taxes for the years ended December 31, 2023, 2022 and 2021 consisted of the following: (in millions of dollars) 2023 2022 2021 Current income taxes $ 1,118 $ 819 $ 498 Deferred income taxes (524) (72) (269) Total income tax provision (benefit) $ 594 $ 747 $ 229 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; specifically, the tax rate of 23.5% 19.0% and 19.0% for the years ended December 31, 2023, 2022 and 2021, respectively. Reconciliations of CNH’s income tax expense for the years ended December 31, 2023, 2022 and 2021 are as follows: (in millions of dollars) 2023 2022 2021 Tax provision at the parent statutory rate $ 635 $ 510 $ 368 Foreign income taxed at different rates 73 243 136 Change in valuation allowance (117) (70) (207) Tax contingencies 66 58 (18) Tax credits and incentives (136) (54) (79) Change in tax rate or law — — (5) Other 73 60 34 Total income tax provision (benefit) $ 594 $ 747 $ 229 The decreased tax expense in 2023, as compared to 2022, was largely attributable to the recognition of $99 million of previously unrecognized deferred tax assets in the United Kingdom, lower profitability in high-tax jurisdictions as a percent of total profit, higher credits and incentives, and the tax benefit related to the sale of CNH Industrial Russia, offset by increases in the tax rate due to the tax impact from the Argentina highly inflationary economy and discrete tax expense associated with prior periods. The higher tax expense in 2022, as compared to 2021, was driven by increased profitability in high-tax jurisdictions as a percent of total profit, taxes associated with the disposition of Raven’s Engineered Films Division and Raven’s Aerostar Division, additional reserves for uncertain tax positions, and the tax impacts associated with Argentina's highly inflationary economy. The 2022 tax rate was reduced by the recognition of $55 million of previously unrecognized deferred tax assets in Italy. The 2021 tax rate was reduced by the recognition of $161 million of previously unrecognized deferred tax assets in Brazil. The 2021 rate was also reduced by a reduction in reserves for uncertain tax positions and the utilization of unrecognized deferred tax assets. At December 31, 2023, undistributed earnings in certain subsidiaries outside the U.K. totaled approximately $2 billion for which no deferred tax liability has been recorded because the remittance of earnings from those jurisdictions would incur no tax, or because such earnings are indefinitely reinvested. The Company has determined the amount of unrecognized deferred tax liability relating to the $2 billion of undistributed earnings was approximately $206 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, 2023. 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, 2023 and 2022 are as follows: (in millions of dollars) 2023 2022 Deferred tax assets: Warranty and campaigns $ 94 $ 86 Allowance for credit losses 137 108 Marketing and sales incentive programs 551 359 Other risk and future charges reserve 57 40 Pension, postretirement and postemployment benefits 104 87 Leasing liabilities 69 55 Research and development costs 234 139 Other reserves 267 251 Tax credits and loss carry forwards 262 266 Less: Valuation allowances (207) (343) Total deferred tax assets 1,568 1,048 Deferred tax liabilities: Property, plant and equipment 380 370 Intangibles 192 180 Inventories 25 70 Other 27 80 Total deferred tax liabilities 624 700 Net deferred tax assets $ 944 $ 348 Net deferred tax assets are reflected in the accompanying consolidated balance sheets as of December 31, 2023 and 2022 as follows: (in millions of dollars) 2023 2022 Deferred tax assets $ 979 $ 433 Deferred tax liabilities (35) (85) Net deferred tax assets $ 944 $ 348 Valuation Allowances As of December 31, 2023, the Company has valuation allowances of $207 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 has gross tax loss carry forwards in several tax jurisdictions. These tax losses expire as follows: $23 million in 2024; $24 million in 2025; $4 million in 2026; $15 million in 2027; $266 million in 2028 and beyond. CNH also has tax loss carry forwards of approximately $672 million with indefinite lives. CNH has tax credit carry forwards of $45 million of which $5 million will expire in 2026, $3 million will expire in 2027, and $37 million will expire in 2028 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 2006 to 2023. 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. The lapsing of statutes, closure of currently on-going audits, or initiation of new audits in the next 12 months is not expected to have a material adverse effect on the Company's financial positions or results of operations. A reconciliation of the gross amounts of tax contingencies at the beginning and end of the year is as follows: (in millions of dollars) 2023 2022 Balance, beginning of year $ 162 $ 143 Additions based on tax positions related to the current year 52 16 Additions for tax positions of prior years 63 35 Reductions for tax positions of prior years (35) (16) Reductions for tax positions as a result of lapse of statute — (2) Settlements (8) (14) Balance, end of year $ 234 $ 162 As of December 31, 2023, there are $234 million of unrecognized tax benefits before consideration of interest, penalties and correlative benefits, and $246 million of unrecognized tax benefits after consideration of interest and penalties and correlative 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, 2023, 2022 and 2021, the Company recognized expense of approximately $7 million, $6 million and $(2) million for income tax related interest and penalties, respectively. The Company had approximately $25 million, $19 million and $13 million of income tax related interest and penalties accrued at December 31, 2023, 2022 and 2021, respectively.

Employee Benefit Plans and Post

Employee Benefit Plans and Postretirement Benefits	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Employee Benefit Plans and Postretirement Benefits	Employee Benefit Plans and Postretirement Benefits CNH 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 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 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, 2023, 2022 and 2021, CNH recorded expense of $145 million, $115 million and $97 million, respectively, for its defined contribution plans. Defined benefit plans are classified by CNH 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. 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 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 plans. These benefits may be subject to deductibles, co-payment provisions and other limitations, and CNH 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 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 to terminate or modify various retiree healthcare benefits previously provided to certain UAW Union represented CNH retirees. On April 16, 2018, CNH 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 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. The amount was completely amortized as of December 31, 2022 . For the years ended December 31, 2022, and 2021, $90 million and $119 million of amortization was recorded as a pre-tax gain in Other, net, respectively. In 2021, CNH communicated plan changes for the U.S. 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, 2023, 2022 and 2021, $24 million, $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 U.S. 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’s defined benefit pension, healthcare and other postemployment plans for the years ended December 31, 2023 and 2022: Pension Healthcare (1) Other (1) (in millions of dollars) 2023 2022 2023 2022 2023 2022 Change in benefit obligations: Beginning benefit obligation $ 1,175 $ 1,843 $ 181 $ 281 $ 89 $ 113 Service cost 9 11 3 4 5 5 Interest cost 54 27 9 6 4 1 Plan participants’ contributions 1 1 4 4 — — Actuarial loss (gain) 53 (476) 10 (52) 5 (15) Gross benefits paid (80) (77) (29) (28) (7) (7) Plan amendments 4 — 1 (6) — — Currency translation adjustments and other (2) 58 (154) — (28) 4 (8) Ending benefit obligation 1,274 1,175 179 181 100 89 Change in the fair value of plan assets: Beginning plan assets 979 1,474 58 130 — — Actual return on plan assets 51 (357) 6 (21) — — Employer contributions 41 46 — — — — Plan participants’ contributions 1 1 — — — — Gross benefits paid (68) (65) (6) (9) — — Currency translation adjustments and other (2) 45 (120) — (42) — — Ending plan assets 1,049 979 58 58 — — Funded status: $ (225) $ (196) $ (121) $ (123) $ (100) $ (89) (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 2022. The following summarizes data from CNH’s defined benefit pension plans by significant geographical area for the years ended December 31, 2023 and 2022: U.S. U.K. Germany (1) Other Countries (1) (in millions of dollars) 2023 2022 2023 2022 2023 2022 2023 2022 Change in benefit obligations: Beginning benefit obligation $ 128 $ 174 $ 770 $ 1,288 $ 108 $ 157 $ 169 $ 224 Service cost 2 3 — — — — 7 8 Interest cost 7 5 38 20 4 1 5 1 Plan participants’ contributions — — — — — — 1 1 Actuarial loss (gain) 7 (51) 17 (360) 12 (29) 17 (36) Gross benefits paid (5) (3) (48) (48) (11) (11) (16) (15) Plan amendments — — 4 — — — — — Currency translation adjustments and other (2) — — 44 (130) 4 (10) 10 (14) Ending benefit obligation 139 128 825 770 117 108 193 169 Change in the fair value of plan assets: Beginning plan assets 159 205 650 1,057 4 4 166 208 Actual return on plan assets 6 (43) 36 (292) — — 9 (22) Employer contributions — — 31 39 — — 10 7 Plan participants’ contributions — — — — — — 1 1 Gross benefits paid (4) (3) (48) (48) — — (16) (14) Currency translation adjustments and other (2) — — 38 (106) — — 7 (14) Ending plan assets 161 159 707 650 4 4 177 166 Funded status: $ 22 $ 31 $ (118) $ (120) $ (113) $ (104) $ (16) $ (3) (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 2022. Net amounts recognized in the consolidated balance sheets as of December 31, 2023 and 2022 consist of: Pension Healthcare Other (in millions of dollars) 2023 2022 2023 2022 2023 2022 Other assets $ 30 $ 41 $ — $ — $ — $ — Pension, postretirement and other postemployment benefits (255) (237) (121) (123) (100) (89) Net liability recognized at end of year $ (225) $ (196) $ (121) $ (123) $ (100) $ (89) Pre-tax amounts recognized in accumulated other comprehensive loss as of December 31, 2023 consist of: (in millions of dollars) Pension Healthcare Other Unrecognized actuarial losses (gains) $ 407 $ 8 $ (9) Unrecognized prior service credit 2 (48) (7) Accumulated other comprehensive loss $ 409 $ (40) $ (16) 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 (in millions of dollars) 2023 2022 Accumulated benefit obligation $ 998 $ 888 Fair value of plan assets $ 753 $ 656 The following table summarizes CNH’s pension and other post-employment plans with projected benefit obligations in excess of plan assets: Pension Healthcare Other (in millions of dollars) 2023 2022 2023 2022 2023 2022 Projected benefit obligation $ 1,091 $ 969 $ 179 $ 181 $ 100 $ 89 Fair value of plan assets $ 836 $ 733 $ 58 $ 58 $ — $ — The total accumulated benefit obligation for pension was $1,256 million and $1,156 million as of December 31, 2023 and 2022, respectively. Net Periodic Benefit Cost The following summarizes the components of net periodic benefit cost of CNH’s defined benefit for the years ended December 31, 2023, 2022 and 2021: Pension Healthcare Other (in millions of dollars) 2023 2022 2021 2023 2022 2021 2023 2022 2021 Service cost $ 9 $ 11 $ 13 $ 3 $ 4 $ 4 $ 5 $ 5 $ 6 Interest cost 54 27 19 9 6 6 4 1 1 Expected return on assets (45) (47) (53) (4) (5) (7) — — — Amortization of: Prior service cost (credit) — — — (36) (126) (136) — — — Actuarial loss (gain) 18 19 25 — 1 3 2 (2) 2 Settlement loss and other 2 (3) — — 3 — (1) 1 2 Net periodic benefit cost (credit) $ 38 $ 7 $ 4 $ (28) $ (117) $ (130) $ 10 $ 5 $ 11 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 2023 consist of: (in millions of dollars) Pension Healthcare Other Net periodic benefit cost $ 38 $ (28) $ 10 Benefit adjustments included in other comprehensive (income) loss: Net actuarial losses (gains) 51 9 5 Amortization of actuarial losses (18) — (2) Amortization of prior service (cost) credit — 36 — Currency translation adjustments and other 19 — (1) Total recognized in other comprehensive (income) loss 52 45 2 Total recognized in comprehensive loss $ 90 $ 17 $ 12 Assumptions The following assumptions were utilized in determining the funded status at December 31, 2023 and 2022, and the net periodic benefit cost of CNH’s defined benefit plans for the years ended December 31, 2023, 2022 and 2021: Pension plans Healthcare plans Other (in percentages) 2023 2022 2021 2023 2022 2021 2023 2022 2021 Weighted-average rate assumptions used to determine funded status Discount rate 4.22 4.64 1.79 4.97 5.28 2.59 3.50 4.11 1.12 Rate of compensation increase 2.91 3.03 2.41 4.00 4.00 4.00 2.94 3.19 2.33 Initial healthcare cost trend rate n/a n/a n/a 4.70 5.12 4.18 n/a n/a n/a Ultimate healthcare cost trend rate (1) n/a n/a n/a 3.74 4.00 3.58 n/a n/a n/a Weighted-average rate assumptions used to determine expense Discount rates—service cost 3.51 1.32 0.94 5.37 3.15 2.57 4.32 1.36 0.77 Discount rates—interest cost 4.65 1.59 0.98 5.17 2.87 1.55 4.08 0.99 0.47 Rate of compensation increase 3.03 2.41 2.26 4.00 4.00 n/a 3.19 2.33 2.08 Long-term rates of return on plan assets 4.54 3.42 3.71 5.75 4.76 4.85 n/a n/a n/a Initial healthcare cost trend rate n/a n/a n/a 5.12 4.18 4.39 n/a n/a n/a Ultimate healthcare cost trend rate (1) n/a n/a n/a 4.00 3.58 3.95 n/a n/a n/a (1) CNH expects to achieve the ultimate healthcare cost trend rate in 2033 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 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’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 annually reviews the mortality assumptions and demographic characteristics of its U.S. pension plan and healthcare plan participants. In 2023 and 2022, the Company continued to use the adopted MP 2021 mortality improvement scale as it continues to be the most current . At this time the Company is not making adjustments to the MP 2021 for any short-term or long-term impacts COVID may have on mortality improvement scales issued in the future. 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 2023 are as follows: All Plans Asset category: Equity securities 7 % Debt securities 61 % Cash/Other 32 % CNH determines the fair value of plan assets using observable market data obtained from independent sources when available. CNH 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, 2023: (in millions of dollars) Total Level 1 Level 2 Level 3 Equity securities: U.S. equities $ — $ — $ — $ — Non-U.S. equities — — — — Total Equity securities — — — — Fixed income securities: U.S. government bonds 13 12 1 — U.S. corporate bonds 17 14 3 — Non-U.S. government bonds 26 — 26 — Non-U.S. corporate bonds 13 — 13 — Mortgage backed securities 2 — 2 — Other fixed income 2 — 2 — Total Fixed income securities 73 26 47 — Other types of investments: Mutual funds (1) 919 — 919 — Insurance contracts 45 — — 45 Derivatives—credit contracts — — — — Real estate — — — — Total Other types of investments 964 — 919 45 Cash: 22 11 11 — Total of Level 1, Level 2 and Level 3 Assets $ 1,059 $ 37 $ 977 $ 45 Investments at net asset value: Mutual funds (2) 48 Total Net Assets $ 1,107 $ 37 $ 977 $ 45 (1) This category includes mutual funds, which primarily invest in non-U.S. equities and non-U.S. corporate bonds. (2) This category includes open ended mutual fund, the underlying assets of the mutual fund are illiquid in nature and are not classified in the fair value hierarchy using the net asset per share practical expedient. The following table presents the changes in the Level 3 plan assets for the year ended December 31, 2023: (in millions of dollars) Level 3 Assets Balance at December 31, 2022 $ 40 Actual return on plan assets relating to assets still held at reporting date 1 Purchases 4 Settlements (2) Transfers in and/or out of level 3 — Currency impact 2 Balance at December 31, 2023 $ 45 The following summarizes the fair value of plan assets by asset category and level within the fair value hierarchy as of December 31, 2022: (in millions of dollars) Total Level 1 Level 2 Level 3 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 (1) 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 (1) 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: (in millions of dollars) Level 3 Assets 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 Contributions CNH expects to contribute (including through direct benefit payments) approximately $46 million to its pension plans, $16 million to its healthcare plans and $9 million to its other post-employment plans in 2024. 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: (in millions of dollars) Pension Plans Healthcare Other 2024 $ 77 $ 20 $ 9 2025 77 19 10 2026 78 18 9 2027 88 17 8 2028 85 16 9 2029 - 2033 409 72 46 Total $ 814 $ 162 $ 91

Other Liabilities

Other Liabilities	12 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Other Liabilities	Other Liabilities A summary of “Other liabilities” as of December 31, 2023 and 2022 is as follows: (in millions of dollars) 2023 2022 Warranty and campaign programs $ 610 $ 544 Marketing and sales incentive programs 2,409 1,556 Tax payables 704 506 Accrued expenses and deferred income 946 700 Accrued employee benefits 524 535 Lease liabilities 300 228 Legal reserves and other provisions 342 263 Contract reserve 24 16 Contract liabilities 50 33 Restructuring reserve 43 30 Other 355 436 Total $ 6,307 $ 4,847 Warranty and Campaign Program As described in “Note 2: Summary of Significant Accounting Policies,” CNH 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, 2023 and 2022 are as follows: (in millions of dollars) 2023 2022 Balance at beginning of year $ 544 $ 526 Current year additions 566 475 Claims paid (510) (440) Currency translation adjustment and other 10 (17) Balance at end of year $ 610 $ 544 Restructuring Provision The Company incurred restructuring costs of $67 million, $31 million and $35 million for the years ended December 31, 2023, 2022 and 2021, respectively. These costs were as follows: • In 2023, Agriculture, Construction and Financial Services recorded $51 million, $14 million and $2 million respectively. • In 2022, Agriculture and Construction recorded $21 million and $10 million, respectively. • In 2021, Agriculture and Construction recorded $20 million and $15 million, respectively. The following table sets forth restructuring activity for the years ended December 31, 2023, 2022 and 2021: (in millions of dollars) Severance and Other Employee Costs Facility Related Costs Other Restructuring Total Balance at January 1, 2021 $ 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 Restructuring charges 36 23 8 67 Reserves utilized: cash (19) (23) (12) (54) Reserves utilized: non-cash (3) 1 2 — Currency translation adjustments — — — — Balance at December 31, 2023 $ 39 $ 4 $ — $ 43

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies CNH in the ordinary course of business is exposed to numerous legal risks, including, without limitation, dealer and supplier litigation, intellectual property right disputes, product liability, asbestos, personal injury, emissions and/or fuel economy regulatory, competition law and other regulatory 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 insurance and could affect CNH’s financial position and results. When it is probable that such a loss has been incurred and the amount can be reasonably estimated, such amounts are provided for in Company's income statement and the related accrual is recorded in “Other liabilities” on the consolidated balance sheets. Although the ultimate outcome of legal matters pending against CNH 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 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 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 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 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 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, 2023 and 2022, environmental reserves of approximately $20 million and $25 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"), a subsidiary 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. Following the Demerger, CNH cannot 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 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 will ultimately have recourse against Iveco and IMAG for the reimbursement of the damages effectively paid to such claimants. 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 the Company's (pre-Demerger) 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. The Italian criminal investigation has been dismissed in 2023. As a result of FPT Industrial's full cooperation and ongoing discussions with the investigative authorities, all German criminal investigation have also been concluded in December 2023. In certain instances CNH 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 has entered operating lease contracts for the right to use industrial buildings and equipment and other assets. Refer to Note 8: Leases for future minimum lease payments under non-cancellable lease contracts. At December 31, 2023, Financial Services has various agreements to extend credit for the following financing arrangements: (in millions of dollars) Total Credit Limit Utilized Not Utilized Wholesale and dealer financing $ 8,874 $ 5,715 $ 3,159 Revolving charge accounts $ 2,557 $ 210 $ 2,347 Guarantees

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments CNH 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. CNH has not elected the fair value measurement option for eligible items. Fair-Value Hierarchy The hierarchy of valuation techniques for financial instruments is based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs have created the following fair-value hierarchy: Level 1—Quoted prices for identical instruments in active markets. Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3—Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. This hierarchy requires the use of observable market data when available. Determination of Fair Value When available, the Company uses quoted market prices to determine fair value and classifies such items 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 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 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 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 conducts its business on a global basis in a wide variety of foreign currencies and hedges foreign currency exposures arising from various receivables, liabilities, and expected inventory purchases and sales. Derivative instruments utilized to hedge the foreign currency risk associated with anticipated inventory purchases and sales in foreign currencies are designated as cash flow hedges. Gains and losses on these instruments are deferred in accumulated other comprehensive income/(loss) and recognized in earnings when the related transaction occurs. If a derivative instrument is terminated because the hedge relationship is no longer effective or because the hedged item is a forecasted transaction that is no longer determined to be probable, the cumulative amount recorded in accumulated other comprehensive income (loss) is recognized immediately in earnings. Such amounts were insignificant in all periods presented. CNH 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’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’s foreign exchange derivatives was $6.1 billion and $5.9 billion at December 31, 2023 and 2022, respectively. Interest Rate Derivatives CNH 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 recognizes interest expense on the related debt. Interest rate derivatives that have been designated as fair value hedge relationships have been used by CNH 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 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’s committed asset-backed facilities. Unrealized and realized gains and losses resulting from fair value changes in these instruments are recognized directly in income. Net gains and losses on these instruments were insignificant for the years ending December 31, 2023, 2022 and 2021. All of CNH’s interest rate derivatives outstanding as of December 31, 2023 and 2022 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’s interest rate derivatives was approximately $9.0 billion and $6.4 billion at December 31, 2023 and 2022, respectively. As a result of the reform and replacement of specific benchmark interest rates, the Company elected to make the replacement using the optional expedient under ASC 848, which allows the change in critical terms without de-designation and the Company also elected the optional expedient to apply a spread adjustment to hedged items cash flows that resulted in no change to the cumulative basis adjustment reflected in earnings. Financial Statement Impact of CNH 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, 2023, 2022 and 2021 (in millions of dollars): 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 2023 Foreign exchange contracts $ (35) Net sales $ (7) Cost of goods sold (33) Other, net 7 Interest expense, net 6 Interest rate contracts (82) Total $ (117) $ (27) 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) 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, 2023, 2022 and 2021: (in millions of dollars) Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2022 $ 71 $ (27) $ 44 Net changes in fair value of derivatives (117) 39 (78) Net losses reclassified from accumulated other comprehensive income into income 27 (3) 24 Accumulated derivative net losses as of December 31, 2023 $ (19) $ 9 $ (10) (in millions of dollars) 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 of dollars) 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) 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, 2023, 2022 and 2021: For the Year Ended December 31, (in millions of dollars) Classification of Gain 2023 2022 2021 Fair Value Hedges Interest rate derivatives Interest expense $ (42) $ (104) $ (47) Not Designated as Hedges Foreign exchange contracts Other, Net $ (67) $ (16) $ (11) The fair values of CNH’s derivatives as of December 31, 2023 and 2022 in the consolidated balance sheets are recorded as follows: December 31, 2023 December 31, 2022 (in millions of dollars) Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments Interest rate contracts Derivative assets $ 60 Derivative assets $ 77 Foreign currency contracts Derivative assets 31 Derivative assets 70 Total derivative assets $ 91 $ 147 Interest rate contracts Derivative liabilities $ 117 Derivative liabilities $ 106 Foreign currency contracts Derivative liabilities 49 Derivative liabilities 56 Total derivative liabilities $ 166 $ 162 Derivatives not designated as hedging instruments Interest rate contracts Derivative assets $ 31 Derivative assets $ 28 Foreign currency contracts Derivative assets 14 Derivative assets 14 Total derivative assets $ 45 $ 42 Interest rate contracts Derivative liabilities $ 30 Derivative liabilities $ 28 Foreign currency contracts Derivative liabilities 20 Derivative liabilities 14 Total derivative liabilities $ 50 $ 42 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, 2023 and 2022: Level 1 Level 2 Total (in millions of dollars) December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Assets Foreign exchange derivatives $ — $ — $ 46 $ 84 $ 46 $ 84 Interest rate derivatives — — 90 105 90 105 Total Assets $ — $ — $ 136 $ 189 $ 136 $ 189 Liabilities Foreign exchange derivatives $ — $ — $ 69 $ 70 $ 69 $ 70 Interest rate derivatives — — 147 134 147 134 Total Liabilities $ — $ — $ 216 $ 204 $ 216 $ 204 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 fair value for nonrecurring Level 3 measurements from impairments as of December 31, 2023 and 2022: Fair Value Losses (in millions of dollars) 2023 2022 2023 2022 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, 2023 and 2022 are as follows: December 31, 2023 December 31, 2022 (in millions of dollars) Carrying Fair Carrying Fair Financing receivables $ 24,249 $ 24,129 $ 19,260 $ 18,827 Debt $ 27,326 $ 27,624 $ 22,962 $ 22,651 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, 2023
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, 2023, the Company’s share capital was €18 million (equivalent to $25 million), fully paid-in, and consisted of 1,364,400,196 common shares (1,290,937,585 common shares outstanding and 73,462,611 common shares held in treasury by the Company as described in the following section) and 396,474,276 special voting shares (371,000,610 special voting shares outstanding, net of 25,473,666 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 N.V. during 2023, 2022 and 2021 are as follows: (number of shares) Common Shares Loyalty Program Special Voting Shares Total Shares Total 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 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 shares at December 31, 2022 1,344,240,971 371,072,953 1,715,313,924 Capital increase 1,894,985 — 1,894,985 Common stock repurchases (55,198,371) — (55,198,371) Retirement of special voting shares — (72,343) (72,343) Total shares at December 31, 2023 1,290,937,585 371,000,610 1,661,938,195 During the year ended December 31, 2023 and 2022, 0.1 million and 0.1 million special voting shares, respectively, were acquired for no consideration by the Company following the deregistration 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, 2023 and 2022, the Company delivered 1.9 million and 0.6 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. 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 deregistration of such Qualifying Common Shares from the Loyalty Register. After deregistration 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. The program reached its conclusion on November 6, 2023. Upon the completion of the program, on November 7, 2023 CNH's board of directors approved a new share buyback program. Under the new program, CNH will repurchase up to $1 billion worth of its common shares between November 8, 2023 and March 1, 2024. 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 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 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 buyback 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, 2023, the Company repurchased 55.2 million shares of its common stock on the Euronext Milan and on multilateral trading facilities under the buyback program. As of December 31, 2023, the Company held 73.5 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 $865 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, 2023, the Company acquired, for no consideration, approximately 0.1 million special voting shares following the deregistration 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, 2023, the Company held 25.0 million special voting shares in treasury. Dividend On April 14, 2023, the Company's shareholders approved a dividend of €0.36 per common share and totaling approximately €482 million (equivalent to $0.394 per common share and totaling approximately $527 million, respectively, translated at the exchange rate reported by the European Central Bank on April 20, 2023). 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, 2023
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation For the years ended December 31, 2023, 2022 and 2021 CNH recognized total share-based compensation expense of $99 million, $87 million and $78 million respectively. For the years ended December 31, 2023, 2022 and 2021, CNH recognized a total tax benefit relating to share-based compensation expense of $14 million, $11 million and $6 million, respectively. As of December 31, 2023, CNH had unrecognized share-based compensation expense related to non-vested awards of approximately $103 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’s equity awards are governed by the CNH Industrial N.V. Equity Incentive Plan (“CNH EIP”) and CNH Industrial N.V. Directors’ Compensation Plan (“CNH DCP”). At the AGM held on April 16, 2014, the Company’s shareholders approved the adoption of the CNH 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: 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 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 in CNH 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 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 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 ("PSU") 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 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’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 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. During 2021, CNH 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. As part of the Demerger, any awards outstanding under the CNH Equity Incentive Plan (or “CNH 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 in CNH 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 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 & 2023 Long-Term Incentive Plan In 2022 and 2023, the Board of Directors approved the 2022-2024 Long-Term Incentive Plan and the 2023-2025 Long-Term Incentive Plan, respectively, under the EIP. Both the 2022 and 2023 Long-Term Incentive Plan feature that same three year vesting period, two internal financial metrics, and financial multiplier as the 2021 Long-Term Incentive plan. Additionally the two internal financial metrics and financial multiplier are calculated as specified in the 2021 Long Term Incentive plan. However, differences between all plans exist in regards to the performance achievement threshold for both ROIC and EPS. Furthermore, the 2022 and 2023 plans feature a smaller list of comparator group for its TSR percentile ranking when compared to the 2021 plan. In 2024 the Board of Directors approved the 2024-2026 Long-Term Incentive Plan under the EIP. In 2022 and 2023 CNH issued 2.5 million and 2.8 million PSUs, respectively. 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 and 2023 was $14.04 and $12.29 per share, respectively. The following table reflects the activity of PSUs under the Long-Term Incentive Plans during the year ended December 31, 2023: 2023 Performance Shares Weighted Average Grant Date Fair Value Nonvested at beginning of year 10,847,408 $ 8.81 Granted 2,789,887 $ 12.29 Forfeited/Cancelled (257,808) $ 9.67 Vested — $ — Nonvested at end of year 13,379,487 $ 9.52 Restricted Share Units ("RSU") In 2021, 2022, and 2023, CNH issued approximately 1 million, 2 million and 2 million Restricted Share Units (“RSUs”) to key executive officers and select employees with a weighted average fair value of $14.39, $13.90 and $11.87 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 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 year period. The first tranche, which consisted of 1.1 million RSUs, was set to vest on April 30, 2022. The second and third tranches are set to vest on April 30, 2023 and April 30, 2024, respectively. The weighted average fair value for the December 2020 three tranche award group are $11.23, $11.02, and $10.82, respectively. On December 14, 2020, CNH issued 120 thousand RSUs to the Chair of CNH, 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 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, 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 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 and 2023 CNH issued 2 million and 2 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 and 2023 were $13.90 and $11.87 per share. The following table reflects the activity of RSUs under the Long-Term Incentive Plans during the year ended December 31, 2023: 2023 Restricted Shares Weighted Average Grant Date Fair Value Nonvested at beginning of year 5,423,895 $ 9.66 Granted 2,091,819 $ 11.87 Forfeited (199,208) $ 11.58 Vested (1,893,449) $ 7.44 Nonvested at end of year 5,423,057 $ 11.21 Additional Share-Based Compensation Information The table below provides additional share-based compensation information for the years ended December 31, 2023, 2022 and 2021: (in millions of dollars) 2023 2022 2021 Total intrinsic value of options exercised and shares vested $ 52 $ 22 $ 35 Fair value of shares vested $ 14 $ 3 $ 25

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2023
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, 2023, 2022 and 2021: (in millions of dollars, except per share data) 2023 2022 2021 Basic: Net income (loss) attributable to CNH Industrial N.V. $ 2,371 $ 2,029 $ 1,723 Net income (loss) attributable to CNH Industrial N.V. from continuing operations 2,371 2,029 1,792 Net income (loss) attributable to CNH Industrial N.V. from discontinued operations — — (69) Basic earnings (loss) per share attributable to common shareholders: Weighted average common shares outstanding—basic 1,332 1,351 1,354 Continuing operations $ 1.78 $ 1.50 $ 1.32 Discontinued operations — — (0.05) Basic earnings (loss) per share $ 1.78 $ 1.50 $ 1.27 Diluted: Net income (loss) attributable to CNH Industrial N.V. $ 2,371 $ 2,029 $ 1,723 Net income (loss) attributable to CNH Industrial N.V. from continuing operations 2,371 2,029 1,792 Net income (loss) attributable to CNH Industrial N.V. from discontinued operations — — (69) Weighted average common shares outstanding—basic 1,332 1,351 1,354 Dilutive effect of stock compensation plans 18 11 7 Weighted average common shares outstanding—diluted (1) 1,350 1,362 1,361 Continuing operations $ 1.76 $ 1.49 $ 1.32 Discontinued operations — — (0.05) Diluted earnings (loss) per share $ 1.76 $ 1.49 $ 1.27 (1) For the year ended December 31, 2023, no shares were excluded from the computation of diluted earnings per share due to an anti-dilutive impact. For the year ended December 31, 2022 and 2021, 0.50 million shares 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, 2023
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, 2023 (in millions of dollars) Gross Amount Income Taxes Net Amount Unrealized gain (loss) on cash flow hedges $ (90) $ 34 $ (56) Changes in retirement plans’ funded status (87) 21 (66) Foreign currency translation 40 — 40 Share of other comprehensive loss of entities using the equity method (11) — (11) Other comprehensive income (loss) $ (148) $ 55 $ (93) Year Ended December 31, 2022 (in millions of dollars) 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 income (loss) $ 218 $ — $ 218 Year Ended December 31, 2021 (in millions of dollars) 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 income (loss) $ 265 $ (28) $ 237 The changes, net of tax, in each component of accumulated other comprehensive income (loss) consisted of the following: (in millions of dollars) 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, 2020 $ (6) $ (653) $ (1,884) $ (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) Other comprehensive income (loss), before reclassifications (80) (54) 37 (11) (108) Amounts reclassified from other comprehensive income 24 (12) — — 12 Other comprehensive income (loss) 1 (56) (66) 37 (11) (96) Balance, December 31, 2023 $ (10) $ (351) $ (1,763) $ (250) $ (2,374) (1) Excluded from the table above is other comprehensive (income) loss allocated to noncontrolling interests of $3 million, $(1) million and $6 million for the years ended December 31, 2023, 2022 and 2021, respectively. Significant amounts reclassified out of each component of accumulated other comprehensive income (loss) at December 31, 2023 and 2022 consisted of the following: Amount Reclassified from Other Comprehensive Income (Loss) Consolidated Statement of Operations line (in millions of dollars) 2023 2022 Cash flow hedges $ 7 $ 1 Net sales 33 219 Cost of goods sold (7) (3) Other, net (6) (30) Interest expense (3) (17) Income taxes 24 170 Change in retirement plans’ funded status: Amortization of actuarial losses 20 18 (1) Amortization of prior service cost (36) (126) (1) 4 47 Income taxes (12) (61) Total reclassifications, net of tax $ 12 $ 109

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2023
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 has three operating segments: Agriculture designs, manufactures and distributes a full line of farm machinery and implements, including two-wheel and four-wheel drive tractors, crawler tractors, combines, grape and sugar cane harvesters, hay and forage equipment, planting and seeding equipment, soil preparation and cultivation implements, and material handling equipment. We are also a leading provider of technology dedicated to Precision Agriculture. 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. The Raven brand supports Precision Agriculture, digital technology and the development of autonomous systems. Hemisphere, acquired in 2023, provides high-performance satellite positioning technology for the agriculture and construction industries. 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 along with a wide variety of attachments. Construction equipment is sold under the CASE Construction Equipment, New Holland Construction and Eurocomach brands. Financial Services provides and administers financing to end-use customers for the purchase of new and used agricultural and construction equipment and components sold through CNH's dealer network, as well as revolving charge account financing and other financial services. Financial Services also provides wholesale financing to CNH dealers and distributors primarily to finance inventories of equipment for those dealers. Further, Financial Services provides trade receivables factoring services to CNH subsidiaries. The European Financial Services operations are supported by the Iveco Group's Financial Services segment. Financial Services also provides financial services to Iveco Group companies in the North America, South America and Asia Pacific regions. 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 the Agriculture and Construction segments, the CODM assesses segment performance and makes decisions about resource allocation based upon Adjusted EBIT. The Company believes Adjusted EBIT more fully reflects Agriculture and Construction segments profitability. Adjusted EBIT of the Agriculture and Construction segments is defined as net income (loss) before income taxes, Financial Services' results, Industrial Activities’ segments 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' segments to net income, the most comparable U.S. GAAP financial measure, for the years ended December 31, 2023, 2022 and 2021. Years Ended December 31, (in millions of dollars) 2023 2022 2021 Agriculture $ 2,732 $ 2,456 $ 1,810 Construction 238 124 90 Unallocated items, eliminations, and other (1) (240) (147) (137) Financial Services Net Income 371 338 349 Financial Services Income Taxes 136 125 107 Interest expense of Industrial Activities, net of interest income and eliminations (76) (119) (118) Foreign exchange (gains) losses, net of Industrial Activities (105) (59) (1) Finance and non-service component of Pension and other post-employment benefit costs of Industrial Activities (2) (4) 124 143 Restructuring expenses of Industrial Activities (65) (31) (35) Other discrete items of Industrial Activities (3) (10) (25) (178) Income (loss) before taxes 2,977 2,786 2,030 Income tax benefit (expense) (594) (747) (229) Net (loss) from discontinued operations — — (41) Net Income (loss) $ 2,383 $ 2,039 $ 1,760 (1) Unallocated items, eliminations and other primarily includes certain corporate costs and other operating expenses and incomes not allocated to segments’ results. (2) In the years ended December 31, 2023, 2022 and 2021, this item includes a pre-tax gain of $24 million, $24 million and $5 million, respectively as a result of the amortization over 4 years of the $101 million positive impact from the 2021 modifications of a healthcare plan in the U.S. In the years ended December 31, 2022 and 2021 this item includes the pre-tax gain of $90 million and $119 million, respectively 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. (3) In the year ended December 31, 2023, this item includes a loss of $23 million on the sale of the CNH Industrial Russia and CNH Capital Russia businesses, partially offset by a gain of $13 million for the fair value remeasurement of Augmenta and Bennamann. In the year ended December 31, 2022, this item included $43 million of asset write-downs, $25 million of separation costs incurred in a connection with our 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 dollar 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. The following table provides key segment information for the Financial Services segment: Years Ended December 31, (in millions of dollars) 2023 2022 2021 Financial Services Net Income $ 371 $ 338 $ 349 Financial Services Interest Revenue (1) $ 1,817 $ 1,149 $ 918 Financial Services Interest Expense $ 1,234 $ 601 $ 409 (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 for the years ended December 31, 2023, 2022 and 2021 is as follows: Years Ended December 31, (in millions of dollars) 2023 2022 2021 Revenues Agriculture $ 18,148 $ 17,969 $ 14,721 Construction 3,932 3,572 3,081 Eliminations and other — — — Net sales of Industrial Activities 22,080 21,541 17,802 Financial Services 2,573 1,996 1,672 Eliminations and other 34 14 22 Total Revenues $ 24,687 $ 23,551 $ 19,496 Depreciation and Amortization (1) Agriculture $ 331 $ 287 $ 254 Construction 42 38 38 Other activities and adjustments — — 1 Depreciation and amortization of Industrial Activities 373 325 293 Financial Services 4 2 2 Total Depreciation and amortization $ 377 $ 327 $ 295 Expenditures for long-lived assets (2) Agriculture $ 534 $ 393 $ 307 Construction 96 63 53 Other activities 7 — — Expenditures for long-lived assets of Industrial Activities 637 456 360 Financial Services 7 5 5 Total Expenditures for long-lived assets $ 644 $ 461 $ 365 (1) Excluding equipment on operating leases. (2) Excluding equipment on operating leases and right-of-use assets. Geographic Information CNH has its principal office in London, England, U.K. Revenues earned in the U.K. from external customers were $548 million, $557 million and $548 million for the years ended December 31, 2023, 2022 and 2021, respectively. Revenues earned in the rest of the world from external customers were $24,139 million, $22,994 million and $18,948 million for the years ended December 31, 2023, 2022 and 2021, respectively. The following highlights revenues earned from external customers in the rest of the world by destination: (in millions of dollars) 2023 2022 2021 United States $ 9,090 $ 8,189 $ 6,387 Brazil 3,540 3,904 2,414 Canada 1,712 1,530 1,341 France 1,300 1,123 1,084 Australia 1,222 982 857 Germany 633 674 564 Argentina 574 565 418 Italy 562 592 556 Poland 373 449 425 Spain 263 263 283 Other 4,870 4,723 4,619 Total Revenues from external customers in the rest of world $ 24,139 $ 22,994 $ 18,948 Total long-lived tangible and intangible assets located in the U.K. were $328 million and $128 million at December 31, 2023 and 2022, respectively, and the total of such assets located in the rest of the world totaled $7,908 million and $7,357 million at December 31, 2023 and 2022, respectively. The following highlights long-lived tangible and intangible assets by geography in the rest of the world: At December 31, (in millions of dollars) 2023 2022 United States $ 5,701 $ 5,669 Canada 732 548 Italy 499 437 Brazil 226 162 France 60 48 China 53 55 Germany 24 17 Spain 3 1 Other 610 420 Total Long-lived assets in the rest of the world $ 7,908 $ 7,357

Related Party Information

Related Party Information	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Information	Related Party Information As of December 31, 2023 and 2022 CNH’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. As of December 31, 2023, EXOR N.V. held 44.2% of CNH’s voting power and had the ability to significantly influence the decisions submitted to a vote of CNH’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 as of December 31, 2023. In addition, CNH engages in transactions with its unconsolidated subsidiaries and affiliates over which CNH 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 did not enter into any significant transactions with EXOR N.V. during the years ended December 31, 2023 and 2022. In connection with the establishment of Fiat Industrial (now CNH) 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 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 the first six months of 2023 and all of 2022, Stellantis subsidiaries provided CNH 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. At June 30, 2023, the Stellantis MSA was terminated. Costs incurred by CNH related to the termination of the contract were not material. Furthermore, CNH and Stellantis might engage in other minor transactions in the ordinary course of business. The following table sets forth the related party transactions entered into for the time period presented: (in millions of dollars) 2023 2022 2021 Net sales $ — $ — $ — Purchases $ 11 $ 17 $ 31 Selling, general and administrative expenses $ 37 $ 48 $ 59 (in millions of dollars) December 31, 2023 December 31, 2022 Trade receivables $ — $ — Trade payables $ 11 $ 14 Transactions with Iveco Group post-Demerger CNH and Iveco Group post-Demerger entered into transactions consisting of the sale of engines from Iveco Group to CNH. Additionally, concurrent with the Demerger, the Companies entered into arms-length services contracts in relation to general administrative and specific technical matters, provided by either CNH to Iveco Group and vice versa as follows: Master Service Agreements : CNH 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. Revenues from services provided under the MSA are presented as Finance, interest and other income on the Statement of Operations. Engine Supply Agreement : in relation to the design and supply of off-road engines from Iveco Group to CNH post-Demerger, Iveco Group and CNH entered into a ten-year Engine Supply Agreement (“ESA”) whereby Iveco Group will sell to CNH post-Demerger diesel, CNG and LNG engines and provide post-sale services. Costs related to engines purchased through this agreement are presented as Cost of goods sold on the Statement of Operations. Financial Service Agreement : in relation to certain financial services activities carried out by either CNH to Iveco Group post-Demerger or vice versa, in connection with the execution of the Demerger Deed, CNH 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. Revenues from services provided under the FS MSA are presented as Finance, interest and other income on the Statement of Operations. The following table sets forth the related party transactions entered into with Iveco Group post-Demerger for the time period presented: (in millions of dollars) 2023 2022 2021 Net revenues $ 139 $ 48 $ 21 Purchases $ 1,042 $ 930 $ 948 Selling, general and administrative expenses $ — $ — $ — (in millions of dollars) December 31, 2023 December 31, 2022 Trade receivables $ 25 $ 21 Financial receivables from Iveco Group N.V. $ 380 $ 298 Trade payables $ 335 $ 184 Financial payables to Iveco Group N.V. $ 146 $ 156 Transactions with Unconsolidated Subsidiaries and Affiliates CNH 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 also purchases equipment from unconsolidated subsidiaries and affiliates, such as Turk Traktor ve Ziraat Makineleri A.S. The following table sets forth the related party transaction entered into for the time period presented: (in millions of dollars) 2023 2022 2021 Net sales $ 589 $ 400 $ 402 Purchases $ 508 $ 554 $ 496 (in millions of dollars) December 31, 2023 December 31, 2022 Trade receivables $ 2 $ — Trade payables $ 54 $ 100

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company’s Board of Directors authorized a $500 million share buyback program under which the Company may repurchase its common shares commencing after the maturity or exhaustion of the limit of the existing $1 billion share buyback program in the open market or through privately negotiated or other transactions, including at the Company’s election trading plans under Rule 10b5-1 under the Securities Exchange Act of 1934 depending on share price, market conditions and other factors.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation and Basis of Presentation	Principles of Consolidation and Basis of Presentation CNH 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’s subsidiaries in which CNH 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’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.
Business Combinations	Business Combinations
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements
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 is entitled 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 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 is entitled to receive. In most of the jurisdictions where the Company operates, and subject to specific exceptions, transfer of control occurs upon shipment. We have elected to recognize at the time of sale costs for shipping and handling activities that occur after control has transferred. These expenses are presented in Cost of Goods Sold. For all sales, no uncertainty exists surrounding the purchaser’s obligation to pay for equipment and parts. Fixed payment schedules exist for all sales, but payment terms vary by geographic market and product line. See Note 4: Receivables for information about financing payment terms. The Company records an appropriate allowance for credit losses. 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. 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 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 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; see Note 4: Receivables for further information), 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 is 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 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 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. 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 past due, whichever occurs earlier. Income 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
Advertising	Advertising
Research and Development	Research and Development
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 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’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, 2023 and 2022 the Company recorded net gain of $10 million and net loss $185 million, respectively. For the year ended December 31, 2021 the Company recorded a net loss of $135 million. Included in the net losses in 2021 were charges of $47 million (inclusive of impact of discontinued operations) due to the devaluation of net monetary assets of Argentinian subsidiaries. There was no impact in 2023 and 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 losses of $119 million, $80 million and $6 million for the years ended December 31, 2023, 2022 and 2021, respectively.
Cash and Cash Equivalents	Cash and Cash Equivalents
Restricted Cash	Restricted Cash
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’s customers. Cash flows from financing receivables that are related to sales to CNH’s dealers are also included in operating activities. CNH’s financing of receivables related to equipment sold by dealers is included in investing activities. CNH paid interest of $1,091 million, $718 million and $539 million for the years ended December 31, 2023, 2022 and 2021, respectively. For 2023, 2022 and 2021, the amount includes a charge of $— million, $— million and $8 million, respectively, in connection with the Company’s accelerated debt redemption strategy. CNH paid taxes of $802 million, $717 million and $348 million in 2023, 2022 and 2021, respectively. In 2023, Other non-cash items of $173 million primarily included share-based payments of $99 million and writedowns of financial assets of $80 million. In 2022, Other non-cash items of $196 million primarily included share-based 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 2023, Investing Activities - Other included cash paid for business acquisitions of $312 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 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 estimated that amounts due are deemed uncollectible. 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
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, for 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’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 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, 2023 and 2022, the Company performed its annual impairment review and concluded there was no impairment to goodwill. Other intangibles consist primarily of acquired dealer networks, trademarks, in-process research and development, product drawings, patents, and capitalized 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. Software costs capitalized by CNH primarily relate to cost incurred in the production of software to be embedded in our products. Capitalized software costs are included in Other intangible assets, net on our Consolidate Balance Sheets. Capitalization of costs begins when technological feasibility has been established and ends upon reaching commercialization. Amortization of the assets occurs on a straight-line basis over the assets useful life which is primarily 2 – 5 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 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 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
Retirement and Postemployment Benefits	Retirement and Post-employment Benefits
Derivatives	Derivatives CNH’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 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’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’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 formally documents the hedging relationship to the hedged item and its risk management strategy. 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 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
Earnings per Share	Earnings per Share
New Accounting Pronouncements	New Accounting Pronouncements Adopted in 2023 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 recognize and measure 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 adopted ASU 2021-08 and applied the guidance within ASU 2021-08 on business combinations beginning January 1, 2023. The adoption did not have a material impact on our consolidated financial statements. 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 adopted ASU 2022-02 and applied the guidance within ASU 2022-02 to its consolidated financial statements and disclosures prospectively beginning January 1, 2023. The adoption did not have a material impact on the Company's consolidated financial statements and note disclosures. 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 roll forward of such amounts during each annual period, and a description of where in the financial statements outstanding amounts are presented. ASU 2022-04 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the disclosure of roll forward information, which is effective for fiscal years beginning after December 15, 2023. The Company adopted ASU 2022-04 and applied the guidance within ASU 2022-04 to its disclosures beginning January 1, 2023. As these amendments relate to disclosures only, there are no other impacts to the Company’s consolidated financial statements. Under the supply chain finance programs, administered by third parties, our suppliers are given the opportunity to sell receivables from us to participating financial institutions at their sole discretion. Our responsibility is limited to making payment on the terms originally negotiated with our supplier, regardless of whether the supplier sells its receivable to a financial institution. The range of payment terms we negotiate with our suppliers is consistent, irrespective of whether a supplier participates in the program. As of December 31, 2023 and 2022, $148 million and $189 million, respectively, of obligations remain outstanding that we have confirmed as valid to the administrators of the supply chain finance programs. These balances are included within “ Accounts payable 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 elected to adopt ASU 2020-04 and ASU 2022-06 in the second quarter of 2023. The Company renegotiated its contract terms on its interest rate derivatives by changing the floating interest rate swap from LIBOR to overnight SOFR. The Company elected to make the change using the optional expedients under ASC 848, which allow the change in critical terms without de-designation and results in no change to the cumulative basis adjustment reflected in earnings. The elections did not have a material impact on our consolidated financial statements. Not Yet Adopted Leases between entities under common control In March 2023, the FASB issued ASU 2023-01, Leases (Topic 842): Common Control Arrangements ("ASU 2023-01"). ASU 2023-01 requires that leasehold improvements associated with common control leases be amortized by the lessee over the useful life of the leasehold improvements to the common control group (regardless of the lease term) as long as the lessee controls the use of the underlying asset. Additionally, the leasehold improvements are subject to the impairment guidance in Topic 360: Property, Plant and Equipment . The amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted. The Company does not anticipate that the ASU will have a significant effect on its financial statements and related disclosures. Disclosure improvements In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative , to amend certain disclosure and presentation requirements for a variety of topics within the Accounting Standards Codification (“ASC”). These amendments align the requirements in the ASC to the removal of certain disclosure requirements set out in Regulation S-X and Regulation S-K, announced by the SEC. The effective date for each amended topic in the ASC is the date on which the SEC’s removal of the related disclosure requirement from Regulation S-X or Regulation S-K becomes effective. Early adoption is prohibited. The Company does not anticipate that the ASU will have a significant effect on its financial statements and related disclosures. Improvements to reportable segment disclosures In November 2023, the FASB issued ASU 2023-07, Improvements to Reportable Segment Disclosures , to improve the disclosures about a public entity’s reportable segments and address requests from investors for additional, more detailed information about a reportable segment’s expenses. The amendments in this update are effective date for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact of adoption to our reportable segment disclosures. Improvements to income tax disclosures In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures , to enhance the transparency and decision usefulness of income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The amendments in this update are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact this guidance will have to our income tax disclosures.

Presentation (Tables)

Presentation (Tables)	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of discontinued financial information	Details of Statement of Operations line items included in Discontinued Operations, after the eliminations, for the year ended December 31, 2021 are as follows: (in millions of dollars) 2021 Revenues Net sales $ 14,743 Finance, interest and other income 194 Total Revenues 14,937 Costs and Expenses Cost of goods sold 12,765 Selling, general and administrative expenses 989 Research and development expenses 594 Restructuring expenses 39 Interest expense 129 Other, net 380 Total Costs and Expenses 14,896 Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates 41 Income tax (expense) benefit (113) Equity in income of unconsolidated subsidiaries and affiliates 31 Net Income (loss) from discontinued operations $ (41) (in millions of dollars) 2021 Cash Flows from Operating Activities Net income (loss) of discontinued operations $ (41) Adjustments to reconcile net income to net cash provided (used) by operating activities: Depreciation and amortization expense excluding depreciation and amortization of assets under operating lease 316 Depreciation and amortization expense of assets under operating lease 296 (Gain) loss on disposal of assets (44) Undistributed income of unconsolidated subsidiaries (13) Other non-cash items 197 Changes in operating assets and liabilities: Provisions 87 Deferred income taxes 36 Trade and financing receivables related to sales, net 54 Inventories, net (216) Trade payables 25 Other assets and liabilities 187 Cash flow from operating activities of discontinued operation $ 884 Cash Flows from Investing Activities Additions to retail receivables $ (42) Collections of retail receivables 50 Proceeds from the sale of assets, net of assets under operating leases — Expenditures for property, plant and equipment and intangible assets excluding assets under operating leases (348) Expenditures for assets under operating leases (763) Other 672 Cash flow provided (used) by investing activities of discontinued operation $ (431) Cash Flows from Financing Activities Proceeds from long-term debt $ 3,459 Payments of long-term debt (3,602) Net increase (decrease) in other financial liabilities 97 Dividends paid — Cash flow from financing activities of discontinued operation $ (46)

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
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
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)

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Summary of net revenue	The following table summarize revenues for the years ended December 31, 2023, 2022 and 2021: Year Ended December 31, (in millions of dollars) 2023 2022 2021 Agriculture $ 18,148 $ 17,969 $ 14,721 Construction 3,932 3,572 3,081 Eliminations and other — — — Total Industrial Activities 22,080 21,541 17,802 Financial Services 2,573 1,996 1,672 Eliminations and other 34 14 22 Total Revenues $ 24,687 $ 23,551 $ 19,496 (in millions of dollars) 2023 2022 2021 United States $ 9,090 $ 8,189 $ 6,387 Brazil 3,540 3,904 2,414 Canada 1,712 1,530 1,341 France 1,300 1,123 1,084 Australia 1,222 982 857 Germany 633 674 564 Argentina 574 565 418 Italy 562 592 556 Poland 373 449 425 Spain 263 263 283 Other 4,870 4,723 4,619 Total Revenues from external customers in the rest of world $ 24,139 $ 22,994 $ 18,948
Summary of disaggregation of revenue	The following table disaggregates revenues by major source for the years ended December 31, 2023, 2022 and 2021: Year Ended December 31, (in millions of dollars) 2023 2022 2021 Revenues from: Sales of goods $ 22,036 $ 21,506 $ 17,783 Rendering of services and other revenues 44 35 19 Revenues from sales of goods and services 22,080 21,541 17,802 Finance and interest income 1,882 1,169 912 Rents and other income on operating lease 725 841 782 Finance, interest and other income 2,607 2,010 1,694 Total Revenues $ 24,687 $ 23,551 $ 19,496

Receivables (Tables)

Receivables (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Schedule of financing receivables	A summary of financing receivables included in the consolidated balance sheets as of December 31, 2023 and 2022 is as follows: (in millions of dollars) 2023 2022 Retail $ 13,868 $ 11,446 Wholesale 10,334 7,785 Other 47 29 Total $ 24,249 $ 19,260
Schedule of maturities of financing receivables	Maturities of financing receivables as of December 31, 2023 are as follows: (in millions of dollars) Amount 2024 $ 14,852 2025 3,363 2026 2,657 2027 1,900 2028 1,086 2029 and thereafter 391 Total $ 24,249
Schedule of carrying amount of restricted assets	At December 31, 2023 and 2022, the carrying amount of such restricted receivables included in financing receivables are the following: (in millions of dollars) 2023 2022 Retail $ 7,707 $ 6,766 Wholesale 6,381 4,582 Total $ 14,088 $ 11,348
Schedule of allowance for credit loss	Allowance for credit losses activity for the year ended December 31, 2023 is as follows: (in millions of dollars) Retail Wholesale Opening balance $ 270 $ 64 Provision 86 (6) Charge-offs (42) (5) Recoveries 4 — Foreign currency translation and other (8) — Ending balance $ 310 $ 53 Allowance for credit losses activity for the year ended December 31, 2022 is as follows: (in millions of dollars) 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 of dollars) 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
Schedule of aging of receivables	The aging of financing receivables by vintage as of December 31, 2023 is as follows: (in millions of dollars) 31-60 Days Past Due 61-90 Days Past Due Total Past Due Current Total Performing Non- Performing Total Gross Charge-offs Retail North America 2023 $ 3,976 $ 4 $ 3,980 $ 1 2022 2,133 4 2,137 10 2021 1,323 3 1,326 4 2020 561 2 563 3 2019 208 1 209 3 Prior to 2019 66 1 67 3 Total 44 3 47 8,220 8,267 15 8,282 24 South America 2023 1,986 9 1,995 — 2022 955 32 987 — 2021 573 13 586 2 2020 294 4 298 7 2019 123 2 125 1 Prior to 2019 107 1 108 1 Total 22 — 22 4,016 4,038 61 4,099 11 Asia Pacific 2023 609 — 609 — 2022 453 1 454 1 2021 255 1 256 1 2020 115 1 116 2 2019 31 1 32 2 Prior to 2019 3 — 3 1 Total 5 6 11 1,455 1,466 4 1,470 7 Europe, Middle East, Africa — — — 6 6 11 17 — Total Retail $ 71 $ 9 $ 80 $ 13,697 $ 13,777 $ 91 $ 13,868 $ 42 Wholesale North America $ — $ — $ — $ 5,154 $ 5,154 $ — $ 5,154 $ — South America — — — 1,404 1,404 2 1,406 4 Asia Pacific 4 2 6 870 876 — 876 1 Europe, Middle East, Africa 5 — 5 2,893 2,898 — 2,898 — Total Wholesale $ 9 $ 2 $ 11 $ 10,321 $ 10,332 $ 2 $ 10,334 $ 5 The aging of financing receivables by vintage as of December 31, 2022 is as follows: (in millions of dollars) 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

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022 consist of the following: (in millions of dollars) 2023 2022 Raw materials $ 1,891 $ 1,955 Work-in-process 443 471 Finished goods 3,211 2,385 Total Inventories $ 5,545 $ 4,811

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of property, plant, and equipment	A summary of property, plant and equipment as of December 31, 2023 and 2022 is as follows: (in millions of dollars) 2023 2022 Land and industrial buildings $ 1,896 $ 1,807 Plant, machinery and equipment 3,641 3,293 Construction in progress 276 194 Other 423 364 Gross property, plant and equipment 6,236 5,658 Accumulated depreciation (4,323) (4,126) Net property, plant and equipment $ 1,913 $ 1,532

Investments in Unconsolidated_2

Investments in Unconsolidated Subsidiaries and Affiliates (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022 is as follows: (in millions of dollars) 2023 2022 Equity method $ 509 $ 331 Other investments, at carrying value 54 54 Total $ 563 $ 385
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 accounts for using the equity method is as follows (unaudited): Years Ended December 31, (in millions of dollars) 2023 2022 2021 Net revenue $ 2,748 $ 2,096 $ 1,996 Income before taxes $ 888 $ 348 $ 332 Net income $ 733 $ 280 $ 247 As of December 31, (in millions of dollars) 2023 2022 Total assets $ 7,792 $ 7,290 Total liabilities $ 6,347 $ 6,376 Total equity $ 1,445 $ 914

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of future minimum lease payments under operating leases	Future minimum lease payments under non-cancellable leases as of December 31, 2023 were as follows: (in millions of dollars) Operating Leases 2024 $ 86 2025 68 2026 53 2027 41 2028 30 2029 and thereafter 73 Total future minimum lease payments 351 Less: Interest 51 Total $ 300
Schedule of equipment on operating leases	A summary of equipment on operating leases as of December 31, 2023, and 2022 is as follows: (in millions of dollars) 2023 2022 Equipment on operating leases $ 1,784 $ 1,894 Accumulated depreciation (367) (392) Net equipment on operating leases $ 1,417 $ 1,502
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: (in millions of dollars) Amount 2024 $ 204 2025 142 2026 78 2027 31 2028 10 2029 and thereafter — Total undiscounted lease payments $ 465

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022 are as follows: (in millions of dollars) Agriculture Construction Financial Services Total Balance at January 1, 2022 $ 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 Foreign currency translation and other 2 1 1 4 Acquisitions 288 — — 288 Balance at December 31, 2023 $ 3,426 $ 47 $ 141 $ 3,614
Schedule of other intangible assets and related accumulated amortization	As of December 31, 2023, and December 31, 2022, the Company’s other intangible assets and related accumulated amortization consisted of the following: 2023 2022 (in millions of dollars) Weighted Avg. Life Gross Accumulated Amortization Net Gross Accumulated Amortization Net Other intangible assets subject to amortization: Dealer networks 20-25 $ 246 $ 223 $ 23 $ 291 $ 242 $ 49 Patents, concessions, licenses and other 5-25 928 523 405 787 470 317 Capitalized software 2-5 1,070 810 260 890 683 207 2,244 1,556 688 1,968 1,395 573 Other intangible assets not subject to amortization: In-process research and development 213 — 213 165 — 165 Software in-progress 119 — 119 119 — 119 Trademarks 272 — 272 272 — 272 Total other intangible assets $ 2,848 $ 1,556 $ 1,292 $ 2,524 $ 1,395 $ 1,129

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Summary of issued bond outstanding	A summary of issued bonds outstanding as of December 31, 2023, is as follows: (in millions of dollars, except percentages) Currency Face value of outstanding bonds Coupon Maturity Outstanding amount Industrial Activities Euro Medium Term Notes: CNH Industrial Finance Europe S.A. (1) EUR $ 750 0.000 % April 1, 2024 $ 829 CNH Industrial Finance Europe S.A. (1) EUR 650 1.750 % September 12, 2025 718 CNH Industrial Finance Europe S.A. (1) EUR 100 3.500 % November 12, 2025 111 CNH Industrial Finance Europe S.A. (1) EUR 500 1.875 % January 19, 2026 553 CNH Industrial Finance Europe S.A. (1) EUR 600 1.750 % March 25, 2027 663 CNH Industrial Finance Europe S.A. (1) EUR 50 3.875 % April 21, 2028 55 CNH Industrial Finance Europe S.A. (1) EUR 500 1.625 % July 3, 2029 553 CNH Industrial Finance Europe S.A. (1) EUR 50 2.200 % July 15, 2039 55 Other Bonds: CNH Industrial N.V. (2) USD 500 3.850 % November 15, 2027 500 Hedging effects, bond premium/discount, and unamortized issuance costs (51) Total Industrial Activities $ 3,986 Financial Services 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 LLC USD 600 4.550 % April 10, 2028 600 CNH Industrial Capital LLC USD 500 5.500 % January 12, 2029 500 CNH Industrial Capital Australia Pty Ltd. AUD 425 1.750% 5.800% 2024/2026 289 CNH Industrial Capital Canada Ltd. CAD 300 1.500 % October 1, 2024 226 CNH Industrial Capital Canada Ltd. CAD 400 5.500 % August 11, 2026 302 CNH Industrial Capital Argentina S.A. USD 59 0.000 % 2025/2025 59 Banco CNH Industrial Capital S.A. BRL 3,547 12.600% 13.440% 2024/2028 732 Hedging effects, bond premium/discount, and unamortized issuance costs (38) Total Financial Services $ 5,170 (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, 2023 and 2022, is as follows: 2023 2022 (in millions of dollars) Industrial Activities Financial Services Total Industrial Activities Financial Services Total Total bonds $ 3,986 $ 5,170 $ 9,156 $ 4,836 $ 4,046 $ 8,882 Asset-backed debt — 11,716 11,716 — 9,751 9,751 Other debt 146 6,308 6,454 73 4,256 4,329 Intersegment debt 301 527 — 63 888 — Total Debt 4,433 23,721 27,326 4,972 18,941 22,962 Financial payables to Iveco Group N.V. 6 140 146 5 151 156 Total Debt (including Financial payables to Iveco Group N.V.) $ 4,439 $ 23,861 $ 27,472 $ 4,977 $ 19,092 $ 23,118
Schedule of minimum annual repayments of debt	A summary of the minimum annual repayments of debt as of December 31, 2023 and thereafter is as follows: (in millions of dollars) Industrial Activities Financial Services Consolidated 2024 $ 952 $ 10,525 $ 11,477 2025 831 5,245 6,076 2026 553 3,525 4,078 2027 1,133 1,206 2,339 2028 55 1,521 1,576 2029 and thereafter 608 1,172 1,780 Financial payables to Iveco Group N.V. 6 140 146 Intersegment 301 527 — Total $ 4,439 $ 23,861 $ 27,472

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023, 2022 and 2021 are as follows: (in millions of dollars) 2023 2022 2021 Parent country source $ (48) $ 143 $ 161 Foreign sources 2,751 2,539 1,778 Income (loss) of Consolidated Group before Income Taxes $ 2,703 $ 2,682 $ 1,939
Schedule of income tax provision	The provision for income taxes for the years ended December 31, 2023, 2022 and 2021 consisted of the following: (in millions of dollars) 2023 2022 2021 Current income taxes $ 1,118 $ 819 $ 498 Deferred income taxes (524) (72) (269) Total income tax provision (benefit) $ 594 $ 747 $ 229
Schedule of reconciliation of income tax expense	Reconciliations of CNH’s income tax expense for the years ended December 31, 2023, 2022 and 2021 are as follows: (in millions of dollars) 2023 2022 2021 Tax provision at the parent statutory rate $ 635 $ 510 $ 368 Foreign income taxed at different rates 73 243 136 Change in valuation allowance (117) (70) (207) Tax contingencies 66 58 (18) Tax credits and incentives (136) (54) (79) Change in tax rate or law — — (5) Other 73 60 34 Total income tax provision (benefit) $ 594 $ 747 $ 229
Schedule of components of net deferred tax assets	The components of net deferred tax assets as of December 31, 2023 and 2022 are as follows: (in millions of dollars) 2023 2022 Deferred tax assets: Warranty and campaigns $ 94 $ 86 Allowance for credit losses 137 108 Marketing and sales incentive programs 551 359 Other risk and future charges reserve 57 40 Pension, postretirement and postemployment benefits 104 87 Leasing liabilities 69 55 Research and development costs 234 139 Other reserves 267 251 Tax credits and loss carry forwards 262 266 Less: Valuation allowances (207) (343) Total deferred tax assets 1,568 1,048 Deferred tax liabilities: Property, plant and equipment 380 370 Intangibles 192 180 Inventories 25 70 Other 27 80 Total deferred tax liabilities 624 700 Net deferred tax assets $ 944 $ 348 Net deferred tax assets are reflected in the accompanying consolidated balance sheets as of December 31, 2023 and 2022 as follows: (in millions of dollars) 2023 2022 Deferred tax assets $ 979 $ 433 Deferred tax liabilities (35) (85) Net deferred tax assets $ 944 $ 348
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: (in millions of dollars) 2023 2022 Balance, beginning of year $ 162 $ 143 Additions based on tax positions related to the current year 52 16 Additions for tax positions of prior years 63 35 Reductions for tax positions of prior years (35) (16) Reductions for tax positions as a result of lapse of statute — (2) Settlements (8) (14) Balance, end of year $ 234 $ 162

Employee Benefit Plans and Po_2

Employee Benefit Plans and Postretirement Benefits (Tables)	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Schedule of defined benefit pension, healthcare and other postemployment plans	The following summarizes data from CNH’s defined benefit pension, healthcare and other postemployment plans for the years ended December 31, 2023 and 2022: Pension Healthcare (1) Other (1) (in millions of dollars) 2023 2022 2023 2022 2023 2022 Change in benefit obligations: Beginning benefit obligation $ 1,175 $ 1,843 $ 181 $ 281 $ 89 $ 113 Service cost 9 11 3 4 5 5 Interest cost 54 27 9 6 4 1 Plan participants’ contributions 1 1 4 4 — — Actuarial loss (gain) 53 (476) 10 (52) 5 (15) Gross benefits paid (80) (77) (29) (28) (7) (7) Plan amendments 4 — 1 (6) — — Currency translation adjustments and other (2) 58 (154) — (28) 4 (8) Ending benefit obligation 1,274 1,175 179 181 100 89 Change in the fair value of plan assets: Beginning plan assets 979 1,474 58 130 — — Actual return on plan assets 51 (357) 6 (21) — — Employer contributions 41 46 — — — — Plan participants’ contributions 1 1 — — — — Gross benefits paid (68) (65) (6) (9) — — Currency translation adjustments and other (2) 45 (120) — (42) — — Ending plan assets 1,049 979 58 58 — — Funded status: $ (225) $ (196) $ (121) $ (123) $ (100) $ (89) (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 2022.
Schedule of defined benefit pension plans by significant geographical area	The following summarizes data from CNH’s defined benefit pension plans by significant geographical area for the years ended December 31, 2023 and 2022: U.S. U.K. Germany (1) Other Countries (1) (in millions of dollars) 2023 2022 2023 2022 2023 2022 2023 2022 Change in benefit obligations: Beginning benefit obligation $ 128 $ 174 $ 770 $ 1,288 $ 108 $ 157 $ 169 $ 224 Service cost 2 3 — — — — 7 8 Interest cost 7 5 38 20 4 1 5 1 Plan participants’ contributions — — — — — — 1 1 Actuarial loss (gain) 7 (51) 17 (360) 12 (29) 17 (36) Gross benefits paid (5) (3) (48) (48) (11) (11) (16) (15) Plan amendments — — 4 — — — — — Currency translation adjustments and other (2) — — 44 (130) 4 (10) 10 (14) Ending benefit obligation 139 128 825 770 117 108 193 169 Change in the fair value of plan assets: Beginning plan assets 159 205 650 1,057 4 4 166 208 Actual return on plan assets 6 (43) 36 (292) — — 9 (22) Employer contributions — — 31 39 — — 10 7 Plan participants’ contributions — — — — — — 1 1 Gross benefits paid (4) (3) (48) (48) — — (16) (14) Currency translation adjustments and other (2) — — 38 (106) — — 7 (14) Ending plan assets 161 159 707 650 4 4 177 166 Funded status: $ 22 $ 31 $ (118) $ (120) $ (113) $ (104) $ (16) $ (3) (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 2022.
Schedule of net amounts recognized in consolidated balance sheets	Net amounts recognized in the consolidated balance sheets as of December 31, 2023 and 2022 consist of: Pension Healthcare Other (in millions of dollars) 2023 2022 2023 2022 2023 2022 Other assets $ 30 $ 41 $ — $ — $ — $ — Pension, postretirement and other postemployment benefits (255) (237) (121) (123) (100) (89) Net liability recognized at end of year $ (225) $ (196) $ (121) $ (123) $ (100) $ (89)
Schedule of pre-tax amounts recognized in accumulated other comprehensive loss	Pre-tax amounts recognized in accumulated other comprehensive loss as of December 31, 2023 consist of: (in millions of dollars) Pension Healthcare Other Unrecognized actuarial losses (gains) $ 407 $ 8 $ (9) Unrecognized prior service credit 2 (48) (7) Accumulated other comprehensive loss $ 409 $ (40) $ (16)
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 (in millions of dollars) 2023 2022 Accumulated benefit obligation $ 998 $ 888 Fair value of plan assets $ 753 $ 656
Schedule of projected benefit obligations in excess of plan assets	The following table summarizes CNH’s pension and other post-employment plans with projected benefit obligations in excess of plan assets: Pension Healthcare Other (in millions of dollars) 2023 2022 2023 2022 2023 2022 Projected benefit obligation $ 1,091 $ 969 $ 179 $ 181 $ 100 $ 89 Fair value of plan assets $ 836 $ 733 $ 58 $ 58 $ — $ —
Schedule of net periodic benefit cost	The following summarizes the components of net periodic benefit cost of CNH’s defined benefit for the years ended December 31, 2023, 2022 and 2021: Pension Healthcare Other (in millions of dollars) 2023 2022 2021 2023 2022 2021 2023 2022 2021 Service cost $ 9 $ 11 $ 13 $ 3 $ 4 $ 4 $ 5 $ 5 $ 6 Interest cost 54 27 19 9 6 6 4 1 1 Expected return on assets (45) (47) (53) (4) (5) (7) — — — Amortization of: Prior service cost (credit) — — — (36) (126) (136) — — — Actuarial loss (gain) 18 19 25 — 1 3 2 (2) 2 Settlement loss and other 2 (3) — — 3 — (1) 1 2 Net periodic benefit cost (credit) $ 38 $ 7 $ 4 $ (28) $ (117) $ (130) $ 10 $ 5 $ 11
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 2023 consist of: (in millions of dollars) Pension Healthcare Other Net periodic benefit cost $ 38 $ (28) $ 10 Benefit adjustments included in other comprehensive (income) loss: Net actuarial losses (gains) 51 9 5 Amortization of actuarial losses (18) — (2) Amortization of prior service (cost) credit — 36 — Currency translation adjustments and other 19 — (1) Total recognized in other comprehensive (income) loss 52 45 2 Total recognized in comprehensive loss $ 90 $ 17 $ 12
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, 2023 and 2022, and the net periodic benefit cost of CNH’s defined benefit plans for the years ended December 31, 2023, 2022 and 2021: Pension plans Healthcare plans Other (in percentages) 2023 2022 2021 2023 2022 2021 2023 2022 2021 Weighted-average rate assumptions used to determine funded status Discount rate 4.22 4.64 1.79 4.97 5.28 2.59 3.50 4.11 1.12 Rate of compensation increase 2.91 3.03 2.41 4.00 4.00 4.00 2.94 3.19 2.33 Initial healthcare cost trend rate n/a n/a n/a 4.70 5.12 4.18 n/a n/a n/a Ultimate healthcare cost trend rate (1) n/a n/a n/a 3.74 4.00 3.58 n/a n/a n/a Weighted-average rate assumptions used to determine expense Discount rates—service cost 3.51 1.32 0.94 5.37 3.15 2.57 4.32 1.36 0.77 Discount rates—interest cost 4.65 1.59 0.98 5.17 2.87 1.55 4.08 0.99 0.47 Rate of compensation increase 3.03 2.41 2.26 4.00 4.00 n/a 3.19 2.33 2.08 Long-term rates of return on plan assets 4.54 3.42 3.71 5.75 4.76 4.85 n/a n/a n/a Initial healthcare cost trend rate n/a n/a n/a 5.12 4.18 4.39 n/a n/a n/a Ultimate healthcare cost trend rate (1) n/a n/a n/a 4.00 3.58 3.95 n/a n/a n/a
Schedule of weighted average target asset allocation	Weighted-average target asset allocation for all plans for 2023 are as follows: All Plans Asset category: Equity securities 7 % Debt securities 61 % Cash/Other 32 %
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, 2023: (in millions of dollars) Total Level 1 Level 2 Level 3 Equity securities: U.S. equities $ — $ — $ — $ — Non-U.S. equities — — — — Total Equity securities — — — — Fixed income securities: U.S. government bonds 13 12 1 — U.S. corporate bonds 17 14 3 — Non-U.S. government bonds 26 — 26 — Non-U.S. corporate bonds 13 — 13 — Mortgage backed securities 2 — 2 — Other fixed income 2 — 2 — Total Fixed income securities 73 26 47 — Other types of investments: Mutual funds (1) 919 — 919 — Insurance contracts 45 — — 45 Derivatives—credit contracts — — — — Real estate — — — — Total Other types of investments 964 — 919 45 Cash: 22 11 11 — Total of Level 1, Level 2 and Level 3 Assets $ 1,059 $ 37 $ 977 $ 45 Investments at net asset value: Mutual funds (2) 48 Total Net Assets $ 1,107 $ 37 $ 977 $ 45 (1) This category includes mutual funds, which primarily invest in non-U.S. equities and non-U.S. corporate bonds. (2) This category includes open ended mutual fund, the underlying assets of the mutual fund are illiquid in nature and are not classified in the fair value hierarchy using the net asset per share practical expedient. The following summarizes the fair value of plan assets by asset category and level within the fair value hierarchy as of December 31, 2022: (in millions of dollars) Total Level 1 Level 2 Level 3 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 (1) 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 (1) 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, 2023: (in millions of dollars) Level 3 Assets Balance at December 31, 2022 $ 40 Actual return on plan assets relating to assets still held at reporting date 1 Purchases 4 Settlements (2) Transfers in and/or out of level 3 — Currency impact 2 Balance at December 31, 2023 $ 45 The following table presents the changes in the Level 3 plan assets for the year ended December 31, 2022: (in millions of dollars) Level 3 Assets 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
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: (in millions of dollars) Pension Plans Healthcare Other 2024 $ 77 $ 20 $ 9 2025 77 19 10 2026 78 18 9 2027 88 17 8 2028 85 16 9 2029 - 2033 409 72 46 Total $ 814 $ 162 $ 91

Other Liabilities (Tables)

Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Summary of other liabilities	A summary of “Other liabilities” as of December 31, 2023 and 2022 is as follows: (in millions of dollars) 2023 2022 Warranty and campaign programs $ 610 $ 544 Marketing and sales incentive programs 2,409 1,556 Tax payables 704 506 Accrued expenses and deferred income 946 700 Accrued employee benefits 524 535 Lease liabilities 300 228 Legal reserves and other provisions 342 263 Contract reserve 24 16 Contract liabilities 50 33 Restructuring reserve 43 30 Other 355 436 Total $ 6,307 $ 4,847
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, 2023 and 2022 are as follows: (in millions of dollars) 2023 2022 Balance at beginning of year $ 544 $ 526 Current year additions 566 475 Claims paid (510) (440) Currency translation adjustment and other 10 (17) Balance at end of year $ 610 $ 544
Schedule of restructuring activity	The following table sets forth restructuring activity for the years ended December 31, 2023, 2022 and 2021: (in millions of dollars) Severance and Other Employee Costs Facility Related Costs Other Restructuring Total Balance at January 1, 2021 $ 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 Restructuring charges 36 23 8 67 Reserves utilized: cash (19) (23) (12) (54) Reserves utilized: non-cash (3) 1 2 — Currency translation adjustments — — — — Balance at December 31, 2023 $ 39 $ 4 $ — $ 43

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of financing agreements	At December 31, 2023, Financial Services has various agreements to extend credit for the following financing arrangements: (in millions of dollars) Total Credit Limit Utilized Not Utilized Wholesale and dealer financing $ 8,874 $ 5,715 $ 3,159 Revolving charge accounts $ 2,557 $ 210 $ 2,347

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023, 2022 and 2021 (in millions of dollars): 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 2023 Foreign exchange contracts $ (35) Net sales $ (7) Cost of goods sold (33) Other, net 7 Interest expense, net 6 Interest rate contracts (82) Total $ (117) $ (27) 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) Significant amounts reclassified out of each component of accumulated other comprehensive income (loss) at December 31, 2023 and 2022 consisted of the following: Amount Reclassified from Other Comprehensive Income (Loss) Consolidated Statement of Operations line (in millions of dollars) 2023 2022 Cash flow hedges $ 7 $ 1 Net sales 33 219 Cost of goods sold (7) (3) Other, net (6) (30) Interest expense (3) (17) Income taxes 24 170 Change in retirement plans’ funded status: Amortization of actuarial losses 20 18 (1) Amortization of prior service cost (36) (126) (1) 4 47 Income taxes (12) (61) Total reclassifications, net of tax $ 12 $ 109
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, 2023, 2022 and 2021: (in millions of dollars) Before-Tax Amount Income Tax After-Tax Amount Accumulated derivative net losses as of December 31, 2022 $ 71 $ (27) $ 44 Net changes in fair value of derivatives (117) 39 (78) Net losses reclassified from accumulated other comprehensive income into income 27 (3) 24 Accumulated derivative net losses as of December 31, 2023 $ (19) $ 9 $ (10) (in millions of dollars) 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 of dollars) 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) 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, 2023, 2022 and 2021: For the Year Ended December 31, (in millions of dollars) Classification of Gain 2023 2022 2021 Fair Value Hedges Interest rate derivatives Interest expense $ (42) $ (104) $ (47) Not Designated as Hedges Foreign exchange contracts Other, Net $ (67) $ (16) $ (11)
Summary of fair value of derivatives	The fair values of CNH’s derivatives as of December 31, 2023 and 2022 in the consolidated balance sheets are recorded as follows: December 31, 2023 December 31, 2022 (in millions of dollars) Balance Sheet Location Fair Value Balance Sheet Location Fair Value Derivatives designated as hedging instruments Interest rate contracts Derivative assets $ 60 Derivative assets $ 77 Foreign currency contracts Derivative assets 31 Derivative assets 70 Total derivative assets $ 91 $ 147 Interest rate contracts Derivative liabilities $ 117 Derivative liabilities $ 106 Foreign currency contracts Derivative liabilities 49 Derivative liabilities 56 Total derivative liabilities $ 166 $ 162 Derivatives not designated as hedging instruments Interest rate contracts Derivative assets $ 31 Derivative assets $ 28 Foreign currency contracts Derivative assets 14 Derivative assets 14 Total derivative assets $ 45 $ 42 Interest rate contracts Derivative liabilities $ 30 Derivative liabilities $ 28 Foreign currency contracts Derivative liabilities 20 Derivative liabilities 14 Total derivative liabilities $ 50 $ 42
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, 2023 and 2022: Level 1 Level 2 Total (in millions of dollars) December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 December 31, 2023 December 31, 2022 Assets Foreign exchange derivatives $ — $ — $ 46 $ 84 $ 46 $ 84 Interest rate derivatives — — 90 105 90 105 Total Assets $ — $ — $ 136 $ 189 $ 136 $ 189 Liabilities Foreign exchange derivatives $ — $ — $ 69 $ 70 $ 69 $ 70 Interest rate derivatives — — 147 134 147 134 Total Liabilities $ — $ — $ 216 $ 204 $ 216 $ 204
Schedule of investments measured on nonrecurring basis	The following tables present fair value for nonrecurring Level 3 measurements from impairments as of December 31, 2023 and 2022: Fair Value Losses (in millions of dollars) 2023 2022 2023 2022 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, 2023 and 2022 are as follows: December 31, 2023 December 31, 2022 (in millions of dollars) Carrying Fair Carrying Fair Financing receivables $ 24,249 $ 24,129 $ 19,260 $ 18,827 Debt $ 27,326 $ 27,624 $ 22,962 $ 22,651

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of stock	Changes in the composition of the share capital of CNH Industrial N.V. during 2023, 2022 and 2021 are as follows: (number of shares) Common Shares Loyalty Program Special Voting Shares Total Shares Total 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 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 shares at December 31, 2022 1,344,240,971 371,072,953 1,715,313,924 Capital increase 1,894,985 — 1,894,985 Common stock repurchases (55,198,371) — (55,198,371) Retirement of special voting shares — (72,343) (72,343) Total shares at December 31, 2023 1,290,937,585 371,000,610 1,661,938,195

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of performance-based share units	The following table reflects the activity of PSUs under the Long-Term Incentive Plans during the year ended December 31, 2023: 2023 Performance Shares Weighted Average Grant Date Fair Value Nonvested at beginning of year 10,847,408 $ 8.81 Granted 2,789,887 $ 12.29 Forfeited/Cancelled (257,808) $ 9.67 Vested — $ — Nonvested at end of year 13,379,487 $ 9.52
Schedule of activity of restricted share units	2023 Restricted Shares Weighted Average Grant Date Fair Value Nonvested at beginning of year 5,423,895 $ 9.66 Granted 2,091,819 $ 11.87 Forfeited (199,208) $ 11.58 Vested (1,893,449) $ 7.44 Nonvested at end of year 5,423,057 $ 11.21
Schedule of additional share-based compensation	The table below provides additional share-based compensation information for the years ended December 31, 2023, 2022 and 2021: (in millions of dollars) 2023 2022 2021 Total intrinsic value of options exercised and shares vested $ 52 $ 22 $ 35 Fair value of shares vested $ 14 $ 3 $ 25

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2023
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, 2023, 2022 and 2021: (in millions of dollars, except per share data) 2023 2022 2021 Basic: Net income (loss) attributable to CNH Industrial N.V. $ 2,371 $ 2,029 $ 1,723 Net income (loss) attributable to CNH Industrial N.V. from continuing operations 2,371 2,029 1,792 Net income (loss) attributable to CNH Industrial N.V. from discontinued operations — — (69) Basic earnings (loss) per share attributable to common shareholders: Weighted average common shares outstanding—basic 1,332 1,351 1,354 Continuing operations $ 1.78 $ 1.50 $ 1.32 Discontinued operations — — (0.05) Basic earnings (loss) per share $ 1.78 $ 1.50 $ 1.27 Diluted: Net income (loss) attributable to CNH Industrial N.V. $ 2,371 $ 2,029 $ 1,723 Net income (loss) attributable to CNH Industrial N.V. from continuing operations 2,371 2,029 1,792 Net income (loss) attributable to CNH Industrial N.V. from discontinued operations — — (69) Weighted average common shares outstanding—basic 1,332 1,351 1,354 Dilutive effect of stock compensation plans 18 11 7 Weighted average common shares outstanding—diluted (1) 1,350 1,362 1,361 Continuing operations $ 1.76 $ 1.49 $ 1.32 Discontinued operations — — (0.05) Diluted earnings (loss) per share $ 1.76 $ 1.49 $ 1.27 (1) For the year ended December 31, 2023, no shares were excluded from the computation of diluted earnings per share due to an anti-dilutive impact. For the year ended December 31, 2022 and 2021, 0.50 million shares 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, 2023
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, 2023 (in millions of dollars) Gross Amount Income Taxes Net Amount Unrealized gain (loss) on cash flow hedges $ (90) $ 34 $ (56) Changes in retirement plans’ funded status (87) 21 (66) Foreign currency translation 40 — 40 Share of other comprehensive loss of entities using the equity method (11) — (11) Other comprehensive income (loss) $ (148) $ 55 $ (93) Year Ended December 31, 2022 (in millions of dollars) 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 income (loss) $ 218 $ — $ 218 Year Ended December 31, 2021 (in millions of dollars) 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 income (loss) $ 265 $ (28) $ 237
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 of dollars) 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, 2020 $ (6) $ (653) $ (1,884) $ (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) Other comprehensive income (loss), before reclassifications (80) (54) 37 (11) (108) Amounts reclassified from other comprehensive income 24 (12) — — 12 Other comprehensive income (loss) 1 (56) (66) 37 (11) (96) Balance, December 31, 2023 $ (10) $ (351) $ (1,763) $ (250) $ (2,374)
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, 2023, 2022 and 2021 (in millions of dollars): 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 2023 Foreign exchange contracts $ (35) Net sales $ (7) Cost of goods sold (33) Other, net 7 Interest expense, net 6 Interest rate contracts (82) Total $ (117) $ (27) 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) Significant amounts reclassified out of each component of accumulated other comprehensive income (loss) at December 31, 2023 and 2022 consisted of the following: Amount Reclassified from Other Comprehensive Income (Loss) Consolidated Statement of Operations line (in millions of dollars) 2023 2022 Cash flow hedges $ 7 $ 1 Net sales 33 219 Cost of goods sold (7) (3) Other, net (6) (30) Interest expense (3) (17) Income taxes 24 170 Change in retirement plans’ funded status: Amortization of actuarial losses 20 18 (1) Amortization of prior service cost (36) (126) (1) 4 47 Income taxes (12) (61) Total reclassifications, net of tax $ 12 $ 109

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of reconciliation of profit under US GAAP	The following table includes the reconciliation of Adjusted EBIT for Industrial Activities' segments to net income, the most comparable U.S. GAAP financial measure, for the years ended December 31, 2023, 2022 and 2021. Years Ended December 31, (in millions of dollars) 2023 2022 2021 Agriculture $ 2,732 $ 2,456 $ 1,810 Construction 238 124 90 Unallocated items, eliminations, and other (1) (240) (147) (137) Financial Services Net Income 371 338 349 Financial Services Income Taxes 136 125 107 Interest expense of Industrial Activities, net of interest income and eliminations (76) (119) (118) Foreign exchange (gains) losses, net of Industrial Activities (105) (59) (1) Finance and non-service component of Pension and other post-employment benefit costs of Industrial Activities (2) (4) 124 143 Restructuring expenses of Industrial Activities (65) (31) (35) Other discrete items of Industrial Activities (3) (10) (25) (178) Income (loss) before taxes 2,977 2,786 2,030 Income tax benefit (expense) (594) (747) (229) Net (loss) from discontinued operations — — (41) Net Income (loss) $ 2,383 $ 2,039 $ 1,760 (1) Unallocated items, eliminations and other primarily includes certain corporate costs and other operating expenses and incomes not allocated to segments’ results. (2) In the years ended December 31, 2023, 2022 and 2021, this item includes a pre-tax gain of $24 million, $24 million and $5 million, respectively as a result of the amortization over 4 years of the $101 million positive impact from the 2021 modifications of a healthcare plan in the U.S. In the years ended December 31, 2022 and 2021 this item includes the pre-tax gain of $90 million and $119 million, respectively 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. (3) In the year ended December 31, 2023, this item includes a loss of $23 million on the sale of the CNH Industrial Russia and CNH Capital Russia businesses, partially offset by a gain of $13 million for the fair value remeasurement of Augmenta and Bennamann. In the year ended December 31, 2022, this item included $43 million of asset write-downs, $25 million of separation costs incurred in a connection with our 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 dollar 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.
Schedule of profit by reportable segment	The following table provides key segment information for the Financial Services segment: Years Ended December 31, (in millions of dollars) 2023 2022 2021 Financial Services Net Income $ 371 $ 338 $ 349 Financial Services Interest Revenue (1) $ 1,817 $ 1,149 $ 918 Financial Services Interest Expense $ 1,234 $ 601 $ 409 (1) This amount excludes interest included in operating leases rentals.
Summary of operating segment information	A summary of additional operating segment information for the years ended December 31, 2023, 2022 and 2021 is as follows: Years Ended December 31, (in millions of dollars) 2023 2022 2021 Revenues Agriculture $ 18,148 $ 17,969 $ 14,721 Construction 3,932 3,572 3,081 Eliminations and other — — — Net sales of Industrial Activities 22,080 21,541 17,802 Financial Services 2,573 1,996 1,672 Eliminations and other 34 14 22 Total Revenues $ 24,687 $ 23,551 $ 19,496 Depreciation and Amortization (1) Agriculture $ 331 $ 287 $ 254 Construction 42 38 38 Other activities and adjustments — — 1 Depreciation and amortization of Industrial Activities 373 325 293 Financial Services 4 2 2 Total Depreciation and amortization $ 377 $ 327 $ 295 Expenditures for long-lived assets (2) Agriculture $ 534 $ 393 $ 307 Construction 96 63 53 Other activities 7 — — Expenditures for long-lived assets of Industrial Activities 637 456 360 Financial Services 7 5 5 Total Expenditures for long-lived assets $ 644 $ 461 $ 365 (1) Excluding equipment on operating leases. (2) Excluding equipment on operating leases and right-of-use assets.
Summary of net revenue	The following table summarize revenues for the years ended December 31, 2023, 2022 and 2021: Year Ended December 31, (in millions of dollars) 2023 2022 2021 Agriculture $ 18,148 $ 17,969 $ 14,721 Construction 3,932 3,572 3,081 Eliminations and other — — — Total Industrial Activities 22,080 21,541 17,802 Financial Services 2,573 1,996 1,672 Eliminations and other 34 14 22 Total Revenues $ 24,687 $ 23,551 $ 19,496 (in millions of dollars) 2023 2022 2021 United States $ 9,090 $ 8,189 $ 6,387 Brazil 3,540 3,904 2,414 Canada 1,712 1,530 1,341 France 1,300 1,123 1,084 Australia 1,222 982 857 Germany 633 674 564 Argentina 574 565 418 Italy 562 592 556 Poland 373 449 425 Spain 263 263 283 Other 4,870 4,723 4,619 Total Revenues from external customers in the rest of world $ 24,139 $ 22,994 $ 18,948
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, (in millions of dollars) 2023 2022 United States $ 5,701 $ 5,669 Canada 732 548 Italy 499 437 Brazil 226 162 France 60 48 China 53 55 Germany 24 17 Spain 3 1 Other 610 420 Total Long-lived assets in the rest of the world $ 7,908 $ 7,357

Related Party Information (Tabl

Related Party Information (Tables)	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Schedule of related party transactions	The following table sets forth the related party transactions entered into for the time period presented: (in millions of dollars) 2023 2022 2021 Net sales $ — $ — $ — Purchases $ 11 $ 17 $ 31 Selling, general and administrative expenses $ 37 $ 48 $ 59 (in millions of dollars) December 31, 2023 December 31, 2022 Trade receivables $ — $ — Trade payables $ 11 $ 14 The following table sets forth the related party transactions entered into with Iveco Group post-Demerger for the time period presented: (in millions of dollars) 2023 2022 2021 Net revenues $ 139 $ 48 $ 21 Purchases $ 1,042 $ 930 $ 948 Selling, general and administrative expenses $ — $ — $ — (in millions of dollars) December 31, 2023 December 31, 2022 Trade receivables $ 25 $ 21 Financial receivables from Iveco Group N.V. $ 380 $ 298 Trade payables $ 335 $ 184 Financial payables to Iveco Group N.V. $ 146 $ 156 (in millions of dollars) 2023 2022 2021 Net sales $ 589 $ 400 $ 402 Purchases $ 508 $ 554 $ 496 (in millions of dollars) December 31, 2023 December 31, 2022 Trade receivables $ 2 $ — Trade payables $ 54 $ 100

Presentation - Additional Infor

Presentation - Additional Information (Details)	12 Months Ended
	Dec. 31, 2022 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	3

Presentation - Statement of Dis

Presentation - Statement of Discontinued Operation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Costs and Expenses
Income (loss) of Consolidated Group before Income Taxes	$ 2,703	$ 2,682	$ 1,939
Income tax (expense) benefit	(594)	(747)	(229)
Equity in income of unconsolidated subsidiaries and affiliates	$ 274	$ 104	91
Discontinued Operations, Held-for-sale
Revenues
Net sales			14,743
Finance, interest and other income			194
Total Revenues			14,937
Costs and Expenses
Cost of goods sold			12,765
Selling, general and administrative expenses			989
Research and development expenses			594
Restructuring expenses			39
Interest expense			129
Other, net			380
Total Costs and Expenses			14,896
Income (loss) of Consolidated Group before Income Taxes			41
Income tax (expense) benefit			(113)
Equity in income of unconsolidated subsidiaries and affiliates			31
Net Income (loss) from discontinued operations			$ (41)

Presentation - Cash Flow from D

Presentation - Cash Flow from Discontinued Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash Flows from Operating Activities
Net income (loss) from discontinued operations	$ 0	$ 0	$ (41)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense excluding depreciation and amortization of assets under operating lease	377	327	295
Depreciation and amortization expense of assets under operating lease	187	208	242
(Gain) loss on disposal of assets	10	(42)	0
Undistributed income (loss) of unconsolidated subsidiaries	(211)	(69)	(29)
Other non-cash items	173	196	126
Changes in operating assets and liabilities:
Provisions	911	189	93
Deferred income taxes	(535)	(50)	(273)
Trade and financing receivables related to sales, net	(2,268)	(2,447)	191
Inventories, net	(259)	(151)	(555)
Trade payables	(157)	125	738
Other assets and liabilities	296	232	561
Cash flow from operating activities (discontinued operation)	0	0	884
Cash Flows from Investing Activities
Additions to retail receivables	(8,069)	(5,971)	(5,328)
Collections of retail receivables	5,824	4,360	4,338
Proceeds from the sale of assets, net of assets under operating leases	16	97	11
Expenditures for property, plant and equipment and intangible assets excluding assets under operating leases	(644)	(461)	(365)
Expenditures for assets under operating leases	(551)	(538)	(556)
Other	(275)	(496)	(2,670)
Cash flow from investing activities (discontinued operation)	0	0	(431)
Cash Flows from Financing Activities
Proceeds from long-term debt	9,941	11,183	7,988
Payments of long-term debt	(8,224)	(9,223)	(9,088)
Net increase (decrease) in other financial liabilities	2,071	580	(111)
Dividends paid	(538)	(423)	(188)
Cash flow from financing activities (discontinued operation)	$ 0	$ 0	(46)
Discontinued Operations, Held-for-sale
Cash Flows from Operating Activities
Net income (loss) from discontinued operations			(41)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense excluding depreciation and amortization of assets under operating lease			316
Depreciation and amortization expense of assets under operating lease			296
(Gain) loss on disposal of assets			(44)
Undistributed income (loss) of unconsolidated subsidiaries			(13)
Other non-cash items			197
Changes in operating assets and liabilities:
Provisions			87
Deferred income taxes			36
Trade and financing receivables related to sales, net			54
Inventories, net			(216)
Trade payables			25
Other assets and liabilities			187
Cash flow from operating activities (discontinued operation)			884
Cash Flows from Investing Activities
Additions to retail receivables			(42)
Collections of retail receivables			50
Proceeds from the sale of assets, net of assets under operating leases			0
Expenditures for property, plant and equipment and intangible assets excluding assets under operating leases			(348)
Expenditures for assets under operating leases			(763)
Other			672
Cash flow from investing activities (discontinued operation)			(431)
Cash Flows from Financing Activities
Proceeds from long-term debt			3,459
Payments of long-term debt			(3,602)
Net increase (decrease) in other financial liabilities			97
Dividends paid			0
Cash flow from financing activities (discontinued operation)			$ (46)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details)							12 Months Ended
	Oct. 12, 2023 USD ($)	Mar. 15, 2023 USD ($)	Mar. 13, 2023 USD ($)	May 16, 2022 USD ($)	Dec. 30, 2021 USD ($)	Nov. 30, 2021 USD ($) division $ / shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Mar. 31, 2023 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Delinquent period in which recognition of income on loans is suspended							90 days
Advertising expense							$ 148,000,000	$ 152,000,000	$ 110,000,000
Foreign currency transaction loss								185,000,000	135,000,000
Foreign currency transaction gain							10,000,000
Net loss realized on foreign currency							119,000,000	80,000,000	6,000,000
CNH paid interest							1,091,000,000	718,000,000	539,000,000
Loss on repurchase of notes							0	0	8,000,000
CNH paid taxes							802,000,000	717,000,000	348,000,000
Other non-cash items							173,000,000	196,000,000	126,000,000
Share-based payment arrangement, noncash expense							99,000,000	87,000,000	90,000,000
Writedowns of financial assets							80,000,000	77,000,000	34,000,000
Other Payments to Acquire Businesses							312,000,000		2,100,000,000
Gain (loss) at the time of securitization							0
Impairment of goodwill and other intangible assets							0	0
Supplier Finance Program, Obligation							$ 148,000,000	$ 189,000,000
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]							Financial payables to Iveco Group N.V	Financial payables to Iveco Group N.V
Goodwill							$ 3,614,000,000	$ 3,322,000,000	3,210,000,000
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
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
Minimum | Capitalized software
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Intangible asset useful life							2 years
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Intangible asset useful life							25 years
Maximum | Capitalized software
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Intangible asset useful life							5 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	$ 0	8,000,000
Raven Industries, Inc.
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of capital stock acquired						100%
Consideration transferred in acquisition						$ 2,100,000,000
Share price of capital stock in acquisition (in dollars per share) | $ / shares						$ 58
Number of business divisions acquired | division						3
Augmenta
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of capital stock acquired			89.50%
Consideration transferred in acquisition			$ 80,000,000
Goodwill										$ 76,000,000
Intangible assets										35,000,000
Business Combination, Contingent Consideration, Liability			$ 10,000,000
Goodwill, Purchase Accounting Adjustments							14,000,000
Hemisphere
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Consideration transferred in acquisition	$ 181,000,000
Goodwill							111,000,000
Intangible assets							51,000,000
Bennamann
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of capital stock acquired		34.40%
Consideration transferred in acquisition		$ 51,000,000
Goodwill										118,000,000
Intangible assets										$ 46,000,000
Goodwill, Purchase Accounting Adjustments							$ 3,000,000
Business Combination, Step Acquisition, Equity Interest in Acquiree, Including Subsequent Acquisition, Percentage		50.0085%
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
Specialty Enterprises LLC
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Consideration transferred in acquisition				$ 50,000,000
Argentina
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Foreign currency transaction loss									$ 47,000,000

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, 2023	Dec. 31, 2022	Dec. 31, 2021	Nov. 30, 2021
Business Acquisition [Line Items]
Goodwill	$ 3,614	$ 3,322	$ 3,210
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]
Customer Relationship				145
Applied Technology Division | In-Process R&D
Business Acquisition [Line Items]
Customer Relationship				165
Applied Technology Division | Developed Technology
Business Acquisition [Line Items]
Customer Relationship				50
Applied Technology Division | Trade Names
Business Acquisition [Line Items]
Customer Relationship				$ 74

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Estimated Useful Lives of Respective Assets (Details)	Dec. 31, 2023
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Revenues from sales of goods and services	$ 22,080	$ 21,541	$ 17,802
Total Revenues	24,687	23,551	19,496
Industrial Activities
Disaggregation of Revenue [Line Items]
Revenues from sales of goods and services	22,080	21,541	17,802
Industrial Activities | Operating Segments
Disaggregation of Revenue [Line Items]
Revenues from sales of goods and services	22,080	21,541	17,802
Industrial Activities | Operating Segments | Agriculture
Disaggregation of Revenue [Line Items]
Revenues from sales of goods and services	18,148	17,969	14,721
Industrial Activities | Operating Segments | Construction
Disaggregation of Revenue [Line Items]
Revenues from sales of goods and services	3,932	3,572	3,081
Industrial Activities | Eliminations and other
Disaggregation of Revenue [Line Items]
Revenues from sales of goods and services	0	0	0
Financial Services | Operating Segments
Disaggregation of Revenue [Line Items]
Total Revenues	2,573	1,996	1,672
Financial Services | Eliminations and other
Disaggregation of Revenue [Line Items]
Total Revenues	$ 34	$ 14	$ 22

Revenue - Disaggregation of Net

Revenue - Disaggregation of Net Revenues by Major Source (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from:
Revenues from sales of goods and services	$ 22,080	$ 21,541	$ 17,802
Finance and interest income	1,882	1,169	912
Rents and other income on operating lease	725	841	782
Finance, interest and other income	2,607	2,010	1,694
Total Revenues	24,687	23,551	19,496
Sales of goods
Revenues from:
Revenues from sales of goods and services	22,036	21,506	17,783
Rendering of services and other revenues
Revenues from:
Revenues from sales of goods and services	$ 44	$ 35	$ 19

Revenue - Additional Informatio

Revenue - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract liabilities	$ 50	$ 33	$ 20
Revenues relating to contract liabilities outstanding	$ 11	$ 6	$ 1

Revenue - Performance Obligatio

Revenue - Performance Obligation (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 48	$ 33
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of revenue recognized on remaining performance obligation	32%	30%
Revenue over the remaining lives of the contracts	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of revenue recognized on remaining performance obligation	95%	91%
Revenue over the remaining lives of the contracts	36 months

Receivables - Additional Inform

Receivables - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables, net	$ 133	$ 172
Allowances for doubtful accounts	$ 24	23
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)	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	7 years

Receivables - Summary of Accoun

Receivables - Summary of Accounts and Notes Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	$ 24,249	$ 19,260
Retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	13,868	11,446
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	10,334	7,785
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivables, net	$ 47	$ 29

Receivables - Maturities of Fin

Receivables - Maturities of Financing Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
2024	$ 14,852
2025	3,363
2026	2,657
2027	1,900
2028	1,086
2029 and thereafter	391
Total	$ 24,249	$ 19,260

Receivables - Carrying Amount o

Receivables - Carrying Amount of Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total	$ 14,088	$ 11,348
Retail
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total	7,707	6,766
Wholesale
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]
Total	$ 6,381	$ 4,582

Receivables - Allowance for Cre

Receivables - Allowance for Credit Losses Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retail
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Opening balance	$ 270	$ 220	$ 231
Provision	86	59	22
Charge-offs	(42)
Charge-offs, net of recoveries		(17)	(22)
Recoveries	4
Foreign currency translation and other	(8)	8	(11)
Ending balance	310	270	220
Wholesale
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Opening balance	64	65	62
Provision	(6)	7	6
Charge-offs	(5)
Charge-offs, net of recoveries		(7)	1
Recoveries	0
Foreign currency translation and other	0	(1)	(4)
Ending balance	$ 53	$ 64	$ 65

RECEIVABLES - Summary of Aging

RECEIVABLES - Summary of Aging of Receivables (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Retail
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	$ 13,868	$ 11,446
Charge-offs
Total	42
Retail | Total Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	13,777	11,424
Retail | Non- Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	91	22
Retail | North America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	3,980	3,558
Fiscal year before current fiscal year	2,137	2,036
Two years before current fiscal year	1,326	994
Three years before current fiscal year	563	472
Four years before current fiscal year	209	225
Prior	67	65
Total	8,282	7,350
Charge-offs
Current fiscal year	1
Fiscal year before current fiscal year	10
Two years before current fiscal year	4
Three years before current fiscal year	3
Four years before current fiscal year	3
Prior	3
Total	24
Retail | North America | Total Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	3,976	3,558
Fiscal year before current fiscal year	2,133	2,035
Two years before current fiscal year	1,323	994
Three years before current fiscal year	561	472
Four years before current fiscal year	208	225
Prior	66	65
Total	8,267	7,349
Retail | North America | Non- Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	4	0
Fiscal year before current fiscal year	4	1
Two years before current fiscal year	3	0
Three years before current fiscal year	2	0
Four years before current fiscal year	1	0
Prior	1	0
Total	15	1
Retail | South America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	1,995	1,181
Fiscal year before current fiscal year	987	728
Two years before current fiscal year	586	410
Three years before current fiscal year	298	208
Four years before current fiscal year	125	116
Prior	108	95
Total	4,099	2,738
Charge-offs
Current fiscal year	0
Fiscal year before current fiscal year	0
Two years before current fiscal year	2
Three years before current fiscal year	7
Four years before current fiscal year	1
Prior	1
Total	11
Retail | South America | Total Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	1,986	1,179
Fiscal year before current fiscal year	955	725
Two years before current fiscal year	573	408
Three years before current fiscal year	294	207
Four years before current fiscal year	123	116
Prior	107	95
Total	4,038	2,730
Retail | South America | Non- Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	9	2
Fiscal year before current fiscal year	32	3
Two years before current fiscal year	13	2
Three years before current fiscal year	4	1
Four years before current fiscal year	2	0
Prior	1	0
Total	61	8
Retail | Asia Pacific
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	609	601
Fiscal year before current fiscal year	454	401
Two years before current fiscal year	256	221
Three years before current fiscal year	116	84
Four years before current fiscal year	32	35
Prior	3	3
Total	1,470	1,345
Charge-offs
Current fiscal year	0
Fiscal year before current fiscal year	1
Two years before current fiscal year	1
Three years before current fiscal year	2
Four years before current fiscal year	2
Prior	1
Total	7
Retail | Asia Pacific | Total Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	609	601
Fiscal year before current fiscal year	453	400
Two years before current fiscal year	255	220
Three years before current fiscal year	115	84
Four years before current fiscal year	31	35
Prior	3	3
Total	1,466	1,343
Retail | Asia Pacific | Non- Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Current fiscal year	0	0
Fiscal year before current fiscal year	1	1
Two years before current fiscal year	1	1
Three years before current fiscal year	1	0
Four years before current fiscal year	1	0
Prior	0	0
Total	4	2
Retail | Europe, Middle East, Africa
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	17	13
Charge-offs
Total	0
Retail | Europe, Middle East, Africa | Total Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	6	2
Retail | Europe, Middle East, Africa | Non- Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	11	11
Retail | 31-60 Days Past Due
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	71	62
Retail | 31-60 Days Past Due | North America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	44	42
Retail | 31-60 Days Past Due | South America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	22	12
Retail | 31-60 Days Past Due | Asia Pacific
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	5	8
Retail | 31-60 Days Past Due | Europe, Middle East, Africa
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Retail | 61-90 Days Past Due
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	9	24
Retail | 61-90 Days Past Due | North America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	3	16
Retail | 61-90 Days Past Due | South America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Retail | 61-90 Days Past Due | Asia Pacific
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	6	8
Retail | 61-90 Days Past Due | Europe, Middle East, Africa
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Retail | Total Past Due
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	80	86
Retail | Total Past Due | North America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	47	58
Retail | Total Past Due | South America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	22	12
Retail | Total Past Due | Asia Pacific
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	11	16
Retail | Total Past Due | Europe, Middle East, Africa
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Retail | Current
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	13,697	11,338
Retail | Current | North America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	8,220	7,291
Retail | Current | South America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	4,016	2,718
Retail | Current | Asia Pacific
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	1,455	1,327
Retail | Current | Europe, Middle East, Africa
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	6	2
Wholesale
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	10,334	7,785
Charge-offs
Total	5
Wholesale | Total Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	10,332	7,785
Wholesale | Non- Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	2	0
Wholesale | North America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	5,154	3,378
Charge-offs
Total	0
Wholesale | North America | Total Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	5,154	3,378
Wholesale | North America | Non- Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Wholesale | South America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	1,406	1,416
Charge-offs
Total	4
Wholesale | South America | Total Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	1,404	1,416
Wholesale | South America | Non- Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	2	0
Wholesale | Asia Pacific
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	876	494
Charge-offs
Total	1
Wholesale | Asia Pacific | Total Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	876	494
Wholesale | Asia Pacific | Non- Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Wholesale | Europe, Middle East, Africa
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	2,898	2,497
Charge-offs
Total	0
Wholesale | Europe, Middle East, Africa | Total Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	2,898	2,497
Wholesale | Europe, Middle East, Africa | Non- Performing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Wholesale | 31-60 Days Past Due
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	9	7
Wholesale | 31-60 Days Past Due | North America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Wholesale | 31-60 Days Past Due | South America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Wholesale | 31-60 Days Past Due | Asia Pacific
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	4	0
Wholesale | 31-60 Days Past Due | Europe, Middle East, Africa
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	5	7
Wholesale | 61-90 Days Past Due
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	2	2
Wholesale | 61-90 Days Past Due | North America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Wholesale | 61-90 Days Past Due | South America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Wholesale | 61-90 Days Past Due | Asia Pacific
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	2	0
Wholesale | 61-90 Days Past Due | Europe, Middle East, Africa
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	2
Wholesale | Total Past Due
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	11	9
Wholesale | Total Past Due | North America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Wholesale | Total Past Due | South America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	0	0
Wholesale | Total Past Due | Asia Pacific
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	6	0
Wholesale | Total Past Due | Europe, Middle East, Africa
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	5	9
Wholesale | Current
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	10,321	7,776
Wholesale | Current | North America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	5,154	3,378
Wholesale | Current | South America
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	1,404	1,416
Wholesale | Current | Asia Pacific
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	870	494
Wholesale | Current | Europe, Middle East, Africa
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Total	$ 2,893	$ 2,488

Inventories - Summary of Invent

Inventories - Summary of Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials	$ 1,891	$ 1,955
Work-in-process	443	471
Finished goods	3,211	2,385
Total Inventories	$ 5,545	$ 4,811

Property, Plant and Equipment -

Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 6,236	$ 5,658
Accumulated depreciation	(4,323)	(4,126)
Net property, plant and equipment	1,913	1,532
Land and industrial buildings
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	1,896	1,807
Plant, machinery and equipment
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	3,641	3,293
Construction in progress
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	276	194
Other
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 423	$ 364

Property, Plant and Equipment_2

Property, Plant and Equipment - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 213	$ 198	$ 210
Acquisition of property, plant and equipment	$ 207	$ 77

Investments in Unconsolidated_3

Investments in Unconsolidated Subsidiaries and Affiliates - Summary of Investments in Unconsolidated Subsidiaries and Affiliates (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Equity method	$ 509	$ 331
Other investments, at carrying value	54	54
Total	$ 563	$ 385

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, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Net revenue	$ 22,080	$ 21,541	$ 17,802
Net income	2,383	2,039	1,760
Statement of Financial Position [Abstract]
Total assets	46,351	39,381
Total liabilities	38,117	32,405
Total equity	8,180	6,927	6,808	$ 4,989
Unconsolidated Subsidiaries and Affiliates
Income Statement [Abstract]
Net revenue	2,748	2,096	1,996
Income before taxes	888	348	332
Net income	733	280	$ 247
Statement of Financial Position [Abstract]
Total assets	7,792	7,290
Total liabilities	6,347	6,376
Total equity	$ 1,445	$ 914

Investments in Unconsolidated_5

Investments in Unconsolidated Subsidiaries and Affiliates - Additional Information (Details)	Dec. 31, 2023
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Short-term lease expenses	$ 10	$ 13
Operating lease expenses	93	74
Right-of-use asset	297	225
Total	$ 300	$ 228
Other assets	Other assets	Other assets
Other liabilities	Other liabilities	Other liabilities
Weighted average remaining lease term	5 years 7 months 6 days	5 years 10 months 24 days
Weighted average discount rate	4.40%	3.80%
Leased assets obtained in exchange for operating lease obligations	$ 153	$ 114
Operating cash outflow for amounts included in the measurement of operating lease obligations	90	73
Depreciation expense on equipment operating leases	$ 187	$ 207	$ 241
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, 2023	Dec. 31, 2022
Operating Lease Liabilities, Payments Due [Abstract]
2024	$ 86
2025	68
2026	53
2027	41
2028	30
2029 and thereafter	73
Total future minimum lease payments	351
Less: Interest	51
Total	$ 300	$ 228

Leases - Summary of Equipment o

Leases - Summary of Equipment on Operating Leases (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Equipment on operating leases	$ 1,784	$ 1,894
Accumulated depreciation	(367)	(392)
Net equipment on operating leases	$ 1,417	$ 1,502

Leases - Schedule of Future M_2

Leases - Schedule of Future Minimum Lease Payments to be Received (Details) $ in Millions	Dec. 31, 2023 USD ($)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]
2024	$ 204
2025	142
2026	78
2027	31
2028	10
2029 and thereafter	0
Total undiscounted lease payments	$ 465

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, 2023	Dec. 31, 2022
Goodwill [Roll Forward]
Balance at beginning	$ 3,322	$ 3,210
Foreign currency translation and other	4	64
Acquisitions	288	48
Balance at ending	3,614	3,322
Agriculture
Goodwill [Roll Forward]
Balance at beginning	3,136	3,020
Foreign currency translation and other	2	68
Acquisitions	288	48
Balance at ending	3,426	3,136
Construction
Goodwill [Roll Forward]
Balance at beginning	46	49
Foreign currency translation and other	1	(3)
Acquisitions	0	0
Balance at ending	47	46
Financial Services
Goodwill [Roll Forward]
Balance at beginning	140	141
Foreign currency translation and other	1	(1)
Acquisitions	0	0
Balance at ending	$ 141	$ 140

Goodwill and Other Intangible_3

Goodwill and Other Intangibles - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Mar. 31, 2023
Goodwill [Line Items]
Amortization expense			$ 164	$ 130	$ 85
Estimated amortization expense next year			162
Estimated amortization expense in two years			113
Estimated amortization expense in three years			87
Estimated amortization expense in four years			73
Estimated amortization expense in five years			$ 51
Goodwill exceeded the carrying value			40%
Increasing intangible assets	$ 5	$ 12
Acquisitions			$ 288	48
Finite-Lived Intangible Assets, Remaining Amortization Period			5 years
Agriculture
Goodwill [Line Items]
Acquisitions			$ 288	48
Construction
Goodwill [Line Items]
Acquisitions			0	$ 0
Augmenta
Goodwill [Line Items]
Goodwill, purchase accounting adjustments			(14)
Increasing intangible assets			35
Intangible assets						$ 35
Augmenta | Agriculture
Goodwill [Line Items]
Goodwill, period increase			76
Bennamann
Goodwill [Line Items]
Goodwill, purchase accounting adjustments			(3)
Increasing intangible assets			46
Intangible assets						$ 46
Bennamann | Agriculture
Goodwill [Line Items]
Goodwill, period increase			118
Hemisphere
Goodwill [Line Items]
Increasing intangible assets			51
Intangible assets			51
Hemisphere | Agriculture
Goodwill [Line Items]
Goodwill, period increase			$ 111

Goodwill and Other Intangible_4

Goodwill and Other Intangibles - Other Intangible Assets and Related Accumulated Amortization (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, gross	$ 2,244	$ 1,968
Other intangible assets subject to amortization, accumulated amortization	1,556	1,395
Other intangible assets subject to amortization, net	688	573
Total other intangible assets, gross	2,848	2,524
Other intangible assets not subject to amortization	1,556	1,395
Total other intangible assets, net	$ 1,292	1,129
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	$ 213	165
Total other intangible assets, net	213	165
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
Software in-progress
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Total other intangible assets, gross	119	119
Total other intangible assets, net	119	119
Dealer networks
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, gross	246	291
Other intangible assets subject to amortization, accumulated amortization	223	242
Other intangible assets subject to amortization, net	$ 23	49
Dealer networks | Minimum
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, weighted average life	25 years
Dealer networks | Maximum
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, weighted average life	20 years
Patents, concessions, licenses and other
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, gross	$ 928	787
Other intangible assets subject to amortization, accumulated amortization	523	470
Other intangible assets subject to amortization, net	$ 405	317
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
Capitalized software
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, gross	$ 1,070	890
Other intangible assets subject to amortization, accumulated amortization	810	683
Other intangible assets subject to amortization, net	$ 260	$ 207
Capitalized software | Minimum
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, weighted average life	2 years
Capitalized software | Maximum
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]
Other intangible assets subject to amortization, weighted average life	5 years

Debt - Additional Information (

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

1 Months Ended

12 Months Ended

Mar. 31, 2019 USD ($) option

Oct. 31, 2023 BRL (R$)

May 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Nov. 30, 2022 BRL (R$)

Sep. 30, 2022 BRL (R$)

May 31, 2022 USD ($)

Apr. 30, 2022 BRL (R$)

Mar. 31, 2019 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Sep. 30, 2023 USD ($)

Aug. 31, 2023

Jul. 31, 2023 AUD ($)

May 31, 2023 BRL (R$)

Apr. 30, 2023 USD ($)

Dec. 31, 2022 EUR (€)

Dec. 31, 2022 BRL (R$)

Oct. 31, 2022 USD ($)

May 31, 2022 BRL (R$)

Sep. 30, 2021 CAD ($)

May 31, 2021

Feb. 26, 2021 EUR (€)

Mar. 31, 2019 EUR (€)

Debt Instrument [Line Items]

Weighted-average interest rate on consolidated debt

3.50%

5.30%

3.50%

3.50%

3.50%

Other debt | $

$ 1,200,000,000

$ 1,500,000,000

$ 1,200,000,000

Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount

R$ 700.0

R$ 600.0

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

Debt Instrument [Line Items]

Debt instrument principal amount of issue price percentage

99.883%

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

Debt Instrument [Line Items]

Revolving credit facility, amount

R$ 177.0

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%

0.90%

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

Debt Instrument [Line Items]

Revolving credit facility, amount

R$ 423.0

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$ 500.0

R$ 350.0

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 | $

$ 500,000,000

Bonds, interest rate

3.95%

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$ 268.0

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$ 193.0

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$ 239.0

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 | $

$ 400,000,000

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 | $

$ 36,400,000

$ 23,000,000

Bonds, interest rate

0%

0%

0%

Debt instrument principal amount of issue price percentage

124%

124%

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

Debt Instrument [Line Items]

Revolving credit facility, amount

R$ 22.0

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$ 190.0

4.550% Notes Due in 2028 | CNH Industrial Capital LLC

Debt Instrument [Line Items]

Revolving credit facility, amount | $

$ 600,000,000

Bonds, interest rate

4.55%

Debt instrument principal amount of issue price percentage

98.857%

Due in 2025 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount

R$ 600.0

R$ 400.0

Due in 2025 | Banco CNH Industrial Capital S.A. | Brazilian Interbank Deposit (CDI) Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.40%

Due in 2026 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount

R$ 100.0

Due in 2026 | Banco CNH Industrial Capital S.A. | Brazilian Interbank Deposit (CDI) Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1%

1.60%

5.800% Notes Due in 2026, Note 1 | CNH Industrial Capital Australia Pty. Limited

Debt Instrument [Line Items]

Revolving credit facility, amount | $

$ 175

Bonds, interest rate

5.80%

Debt instrument principal amount of issue price percentage

99.715%

5.50% Notes Due in 2026 | CNH Industrial Capital Canada Ltd.

Debt Instrument [Line Items]

Revolving credit facility, amount | $

$ 400

Bonds, interest rate

5.50%

5.50% Notes De in 2029 | CNH Industrial Capital LLC

Debt Instrument [Line Items]

Revolving credit facility, amount | $

$ 500,000,000

Bonds, interest rate

5.50%

Debt instrument principal amount of issue price percentage

99.399%

0.90% Due in 2025 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount

R$ 312.1

1.00% Due In 2026 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount

172.4

1.30% Due in 2027 | Banco CNH Industrial Capital S.A.

Debt Instrument [Line Items]

Revolving credit facility, amount

R$ 115.5

1.30% Due in 2027 | Banco CNH Industrial Capital S.A. | Brazilian Interbank Deposit (CDI) Rate

Debt Instrument [Line Items]

Debt instrument, basis spread on variable rate

1.30%

0.000% 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

0.85%

Unsecured Credit Facilities

Debt Instrument [Line Items]

Credit facility, term

18 months

Revolving Credit Facility | 2024 Revolving Credit Facility

Debt Instrument [Line Items]

Credit facility, term

5 years

Revolving credit facility, amount

$ 4,500,000,000

$ 4,500,000,000

€ 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 | $

$ 2,900,000,000

$ 3,700,000,000

$ 2,900,000,000

Credit facility utilized amount | $

2,100,000,000

3,700,000,000

2,100,000,000

Financial Services | Unsecured Credit Facilities

Debt Instrument [Line Items]

Credit facility | $

$ 5,100,000,000

$ 5,900,000,000

$ 5,100,000,000

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, 2023 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 AUD ($)	Dec. 31, 2023 CAD ($)	Dec. 31, 2023 BRL (R$)	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Debt	$ 27,326					$ 22,962
Industrial Activities
Debt Instrument [Line Items]
Debt	4,433					4,972
Hedging effects, bond premium/discount, and unamortized issuance costs	(51)
Industrial Activities | Bonds
Debt Instrument [Line Items]
Debt	3,986
Financial Services
Debt Instrument [Line Items]
Debt	23,721					$ 18,941
Hedging effects, bond premium/discount, and unamortized issuance costs	(38)
Financial Services | Bonds
Debt Instrument [Line Items]
Debt	5,170
0.000% Notes Due April 2024 | CNH Industrial Finance Europe S.A. | Industrial Activities
Debt Instrument [Line Items]
Debt	$ 829	€ 750
Coupon rate	0%	0%	0%	0%	0%
1.750% Notes Due September 2025 | CNH Industrial Finance Europe S.A. | Industrial Activities
Debt Instrument [Line Items]
Debt	$ 718	€ 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
Debt Instrument [Line Items]
Debt	$ 111	€ 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
Debt Instrument [Line Items]
Debt	$ 553	€ 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
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
Debt Instrument [Line Items]
Debt	$ 663	€ 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
Debt Instrument [Line Items]
Debt	$ 55	€ 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
Debt Instrument [Line Items]
Debt	$ 553	€ 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
Debt Instrument [Line Items]
Debt	$ 55	€ 50
Coupon rate	2.20%	2.20%	2.20%	2.20%	2.20%
3.850% Notes Due November 2027 | C H N Industrial N V | Industrial Activities
Debt Instrument [Line Items]
Debt	$ 500
Coupon rate	3.85%	3.85%	3.85%	3.85%	3.85%
4.200% Notes Due January 2024 | CNH Industrial Capital LLC | Financial Services
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
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
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
Debt Instrument [Line Items]
Debt	$ 600
Coupon rate	1.45%	1.45%	1.45%	1.45%	1.45%
4.550% Notes Due April 2028 | CNH Industrial Capital LLC | Financial Services
Debt Instrument [Line Items]
Debt	$ 600
Coupon rate	4.55%	4.55%	4.55%	4.55%	4.55%
5.500% Notes Due January 2029 | CNH Industrial Capital LLC | Financial Services
Debt Instrument [Line Items]
Debt	$ 500
Coupon rate	5.50%	5.50%	5.50%	5.50%	5.50%
1.750% Notes Due2024 | CNH Industrial Capital LLC | Financial Services
Debt Instrument [Line Items]
Coupon rate	1.75%	1.75%	1.75%	1.75%	1.75%
5.800% Notes Due 2026 | CNH Industrial Capital LLC | Financial Services
Debt Instrument [Line Items]
Coupon rate	5.80%	5.80%	5.80%	5.80%	5.80%
1.750% 5.800% Notes Due 2024/2026 | CNH Industrial Capital Australia Pty Ltd. | Financial Services
Debt Instrument [Line Items]
Debt	$ 289		$ 425
1.500% Notes Due October 2024 | CNH Industrial Capital Canada Ltd. | Financial Services
Debt Instrument [Line Items]
Debt	$ 226			$ 300
Coupon rate	1.50%	1.50%	1.50%	1.50%	1.50%
5.500% Notes Due July 2024 | CNH Industrial Capital Canada Ltd. | Financial Services
Debt Instrument [Line Items]
Debt	$ 302		$ 400
Coupon rate	5.50%	5.50%	5.50%	5.50%	5.50%
0.000% Notes Due 2023/2025 | CNH Industrial Capital Argentina S.A. | Financial Services
Debt Instrument [Line Items]
Debt	$ 59
Coupon rate	0%	0%	0%	0%	0%
8.120% 15.350% Notes Due 2023/2028 | Banco CNH Industrial Capital S.A. | Financial Services
Debt Instrument [Line Items]
Debt	$ 732				R$ 3547
8.120% Notes Due 2023/2028 | Banco CNH Industrial Capital S.A. | Financial Services
Debt Instrument [Line Items]
Coupon rate	12.60%	12.60%	12.60%	12.60%	12.60%
15.350% Notes Due 2023/2028 | Banco CNH Industrial Capital S.A. | Financial Services
Debt Instrument [Line Items]
Coupon rate	13.44%	13.44%	13.44%	13.44%	13.44%

Debt - Summary of Total Debt (D

Debt - Summary of Total Debt (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total Debt	$ 27,326	$ 22,962
Financial payables to Iveco Group N.V.	146	156
Total Debt (including Financial payables to Iveco Group N.V.)	27,472	23,118
Total bonds
Debt Instrument [Line Items]
Total Debt	9,156	8,882
Asset-backed debt
Debt Instrument [Line Items]
Total Debt	11,716	9,751
Other debt
Debt Instrument [Line Items]
Total Debt	6,454	4,329
Intersegment debt
Debt Instrument [Line Items]
Total Debt	0	0
Industrial Activities
Debt Instrument [Line Items]
Total Debt	4,433	4,972
Financial payables to Iveco Group N.V.	6	5
Total Debt (including Financial payables to Iveco Group N.V.)	4,439	4,977
Industrial Activities | Total bonds
Debt Instrument [Line Items]
Total Debt	3,986	4,836
Industrial Activities | Asset-backed debt
Debt Instrument [Line Items]
Total Debt	0	0
Industrial Activities | Other debt
Debt Instrument [Line Items]
Total Debt	146	73
Industrial Activities | Intersegment debt
Debt Instrument [Line Items]
Total Debt	301	63
Financial Services
Debt Instrument [Line Items]
Total Debt	23,721	18,941
Financial payables to Iveco Group N.V.	140	151
Total Debt (including Financial payables to Iveco Group N.V.)	23,861	19,092
Financial Services | Total bonds
Debt Instrument [Line Items]
Total Debt	5,170	4,046
Financial Services | Asset-backed debt
Debt Instrument [Line Items]
Total Debt	11,716	9,751
Financial Services | Other debt
Debt Instrument [Line Items]
Total Debt	6,308	4,256
Financial Services | Intersegment debt
Debt Instrument [Line Items]
Total Debt	$ 527	$ 888

Debt - Minimum Annual Repayment

Debt - Minimum Annual Repayments of Debt (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Financial payables to Iveco Group N.V	$ 146	$ 156
Intersegment	27,326	22,962
Total	27,472	23,118
Operating Segments
Debt Instrument [Line Items]
2024	11,477
2025	6,076
2026	4,078
2027	2,339
2028	1,576
2029	1,780
Financial payables to Iveco Group N.V	146
Intersegment
Debt Instrument [Line Items]
Intersegment	0
Industrial Activities
Debt Instrument [Line Items]
Financial payables to Iveco Group N.V	6	5
Intersegment	4,433	4,972
Total	4,439	4,977
Industrial Activities | Operating Segments
Debt Instrument [Line Items]
2024	952
2025	831
2026	553
2027	1,133
2028	55
2029	608
Financial payables to Iveco Group N.V	6
Industrial Activities | Intersegment
Debt Instrument [Line Items]
Intersegment	301
Financial Services
Debt Instrument [Line Items]
Financial payables to Iveco Group N.V	140	151
Intersegment	23,721	18,941
Total	23,861	$ 19,092
Financial Services | Operating Segments
Debt Instrument [Line Items]
2024	10,525
2025	5,245
2026	3,525
2027	1,206
2028	1,521
2029	1,172
Financial payables to Iveco Group N.V	140
Financial Services | Intersegment
Debt Instrument [Line Items]
Intersegment	$ 527

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Line Items]
Income Tax Expense (Benefit)	$ 594	$ 747	$ 229
Undistributed earnings in subsidiaries	2,000
Deferred income taxes	(524)	(72)	(269)
Deferred tax liability on total undistributed earnings	206
Deferred taxes	13
Deferred tax assets, valuation allowances	207	343
Gross tax loss carry forwards with indefinite lives	672
Tax credit carry forwards, subject to expiration	45
Unrecognized Tax Benefits	234	162	143
Unrecognized tax benefits, that would affect effective tax rate, if recognized	246
Income tax related interest and penalties recognized expense	7	6	(2)
Income tax related interest and penalties accrued	25	$ 19	$ 13
2024
Income Tax Disclosure [Line Items]
Gross tax loss carry forwards, subject to expiration	23
2025
Income Tax Disclosure [Line Items]
Gross tax loss carry forwards, subject to expiration	24
2026
Income Tax Disclosure [Line Items]
Gross tax loss carry forwards, subject to expiration	4
Tax credit carry forwards, subject to expiration	5
2027
Income Tax Disclosure [Line Items]
Gross tax loss carry forwards, subject to expiration	15
Tax credit carry forwards, subject to expiration	3
2026 and beyond
Income Tax Disclosure [Line Items]
Gross tax loss carry forwards, subject to expiration	266
Tax credit carry forwards, subject to expiration	37
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	23.50%	19%	19%
Income tax expense (benefit), recognition of deferred tax assets	$ 99
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Parent country source	$ (48)	$ 143	$ 161
Foreign sources	2,751	2,539	1,778
Income (loss) of Consolidated Group before Income Taxes	$ 2,703	$ 2,682	$ 1,939

Income Taxes - Provision for In

Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Current income taxes	$ 1,118	$ 819	$ 498
Deferred income taxes	(524)	(72)	(269)
Total income tax provision (benefit)	$ 594	$ 747	$ 229

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Income Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Tax provision at the parent statutory rate	$ 635	$ 510	$ 368
Foreign income taxed at different rates	73	243	136
Change in valuation allowance	(117)	(70)	(207)
Tax contingencies	66	58	(18)
Tax credits and incentives	(136)	(54)	(79)
Change in tax rate or law	0	0	(5)
Other	73	60	34
Total income tax provision (benefit)	$ 594	$ 747	$ 229

Income Taxes - Components of Ne

Income Taxes - Components of Net Deferred Tax Assets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Warranty and campaigns	$ 94	$ 86
Allowance for credit losses	137	108
Marketing and sales incentive programs	551	359
Other risk and future charges reserve	57	40
Pension, postretirement and postemployment benefits	104	87
Leasing liabilities	69	55
Research and development costs	234	139
Other reserves	267	251
Tax credits and loss carry forwards	262	266
Less: Valuation allowances	(207)	(343)
Total deferred tax assets	1,568	1,048
Deferred tax liabilities:
Property, plant and equipment	380	370
Intangibles	192	180
Inventories	25	70
Other	27	80
Total deferred tax liabilities	624	700
Net deferred tax assets	$ 944	$ 348

Income Taxes - Net Deferred Tax

Income Taxes - Net Deferred Tax Assets Reflected in Consolidated Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Deferred tax assets	$ 979	$ 433
Deferred tax liabilities	(35)	(85)
Net deferred tax assets	$ 944	$ 348

Income Taxes - Reconciliation_2

Income Taxes - Reconciliation of Gross Amounts of Tax Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, beginning of year	$ 162	$ 143
Additions based on tax positions related to the current year	52	16
Additions for tax positions of prior years	63	35
Reductions for tax positions of prior years	(35)	(16)
Reductions for tax positions as a result of lapse of statute	0	(2)
Settlements	(8)	(14)
Balance, end of year	$ 234	$ 162

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Expense on defined contribution plan			$ 145	$ 115	$ 97
Plan amendments	$ 527
Amortization period of deferred reduction to retirement benefits payable	4 years 6 months
Amortization of benefits modification				90	119
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	$ 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			2	(3)	0
Plan amendments			4	0
Total accumulated benefit obligation			1,256	1,156
Employer contributions			46
Healthcare
Defined Benefit Plan Disclosure [Line Items]
Pre-tax non-cash settlement charge			0	3	0
Plan amendments			1	(6)
Employer contributions			16
Other
Defined Benefit Plan Disclosure [Line Items]
Pre-tax non-cash settlement charge			(1)	1	$ 2
Plan amendments			0	$ 0
Employer contributions			$ 9

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Change in benefit obligations:
Plan amendments	$ 527
Change in the fair value of plan assets:
Beginning plan assets		$ 1,037
Ending plan assets		1,107	$ 1,037
Pension
Change in benefit obligations:
Beginning benefit obligation		1,175	1,843
Service cost		9	11	$ 13
Interest cost		54	27	19
Plan participants’ contributions		1	1
Actuarial loss (gain)		53	(476)
Gross benefits paid		(80)	(77)
Plan amendments		4	0
Currency translation adjustments and other		58	(154)
Ending benefit obligation		1,274	1,175	1,843
Change in the fair value of plan assets:
Beginning plan assets		979	1,474
Actual return on plan assets		51	(357)
Employer contributions		41	46
Plan participants’ contributions		1	1
Gross benefits paid		(68)	(65)
Currency translation adjustments and other		45	(120)
Ending plan assets		1,049	979	1,474
Funded status		(225)	(196)
Healthcare
Change in benefit obligations:
Beginning benefit obligation		181	281
Service cost		3	4	4
Interest cost		9	6	6
Plan participants’ contributions		4	4
Actuarial loss (gain)		10	(52)
Gross benefits paid		(29)	(28)
Plan amendments		1	(6)
Currency translation adjustments and other		0	(28)
Ending benefit obligation		179	181	281
Change in the fair value of plan assets:
Beginning plan assets		58	130
Actual return on plan assets		6	(21)
Employer contributions		0	0
Plan participants’ contributions		0	0
Gross benefits paid		(6)	(9)
Currency translation adjustments and other		0	(42)
Ending plan assets		58	58	130
Funded status		(121)	(123)
Other
Change in benefit obligations:
Beginning benefit obligation		89	113
Service cost		5	5	6
Interest cost		4	1	1
Plan participants’ contributions		0	0
Actuarial loss (gain)		5	(15)
Gross benefits paid		(7)	(7)
Plan amendments		0	0
Currency translation adjustments and other		4	(8)
Ending benefit obligation		100	89	113
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		$ (100)	$ (89)

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, 2023	Dec. 31, 2022
Change in benefit obligations:
Plan amendments	$ 527
Change in the fair value of plan assets:
Beginning plan assets		$ 1,037
Ending plan assets		1,107	$ 1,037
U.S.
Change in benefit obligations:
Beginning benefit obligation		128	174
Service cost		2	3
Interest cost		7	5
Plan participants’ contributions		0	0
Actuarial loss (gain)		7	(51)
Gross benefits paid		(5)	(3)
Plan amendments		0	0
Currency translation adjustments and other		0	0
Ending benefit obligation		139	128
Change in the fair value of plan assets:
Beginning plan assets		159	205
Actual return on plan assets		6	(43)
Employer contributions		0	0
Plan participants’ contributions		0	0
Gross benefits paid		(4)	(3)
Currency translation adjustments and other		0	0
Ending plan assets		161	159
Funded status:		22	31
U.K.
Change in benefit obligations:
Beginning benefit obligation		770	1,288
Service cost		0	0
Interest cost		38	20
Plan participants’ contributions		0	0
Actuarial loss (gain)		17	(360)
Gross benefits paid		(48)	(48)
Plan amendments		4	0
Currency translation adjustments and other		44	(130)
Ending benefit obligation		825	770
Change in the fair value of plan assets:
Beginning plan assets		650	1,057
Actual return on plan assets		36	(292)
Employer contributions		31	39
Plan participants’ contributions		0	0
Gross benefits paid		(48)	(48)
Currency translation adjustments and other		38	(106)
Ending plan assets		707	650
Funded status:		(118)	(120)
Germany
Change in benefit obligations:
Beginning benefit obligation		108	157
Service cost		0	0
Interest cost		4	1
Plan participants’ contributions		0	0
Actuarial loss (gain)		12	(29)
Gross benefits paid		(11)	(11)
Plan amendments		0	0
Currency translation adjustments and other		4	(10)
Ending benefit obligation		117	108
Change in the fair value of plan assets:
Beginning plan assets		4	4
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		4	4
Funded status:		(113)	(104)
Other
Change in benefit obligations:
Beginning benefit obligation		169	224
Service cost		7	8
Interest cost		5	1
Plan participants’ contributions		1	1
Actuarial loss (gain)		17	(36)
Gross benefits paid		(16)	(15)
Plan amendments		0	0
Currency translation adjustments and other		10	(14)
Ending benefit obligation		193	169
Change in the fair value of plan assets:
Beginning plan assets		166	208
Actual return on plan assets		9	(22)
Employer contributions		10	7
Plan participants’ contributions		1	1
Gross benefits paid		(16)	(14)
Currency translation adjustments and other		7	(14)
Ending plan assets		177	166
Funded status:		$ (16)	$ (3)

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, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Pension, postretirement and other postemployment benefits	$ (476)	$ (449)
Pension
Defined Benefit Plan Disclosure [Line Items]
Other assets	30	41
Pension, postretirement and other postemployment benefits	(255)	(237)
Net liability recognized at end of year	(225)	(196)
Healthcare
Defined Benefit Plan Disclosure [Line Items]
Other assets	0	0
Pension, postretirement and other postemployment benefits	(121)	(123)
Net liability recognized at end of year	(121)	(123)
Other
Defined Benefit Plan Disclosure [Line Items]
Other assets	0	0
Pension, postretirement and other postemployment benefits	(100)	(89)
Net liability recognized at end of year	$ (100)	$ (89)

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, 2023 USD ($)
Pension
Defined Benefit Plan Disclosure [Line Items]
Unrecognized actuarial losses (gains)	$ 407
Unrecognized prior service credit	2
Accumulated other comprehensive loss	409
Healthcare
Defined Benefit Plan Disclosure [Line Items]
Unrecognized actuarial losses (gains)	8
Unrecognized prior service credit	(48)
Accumulated other comprehensive loss	(40)
Other
Defined Benefit Plan Disclosure [Line Items]
Unrecognized actuarial losses (gains)	(9)
Unrecognized prior service credit	(7)
Accumulated other comprehensive loss	$ (16)

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, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Accumulated benefit obligation	$ 998	$ 888
Fair value of plan assets	$ 753	$ 656

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, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 753	$ 656
Pension
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	1,091	969
Fair value of plan assets	836	733
Healthcare
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	179	181
Fair value of plan assets	58	58
Other
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	100	89
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 9	$ 11	$ 13
Interest cost	54	27	19
Expected return on assets	(45)	(47)	(53)
Amortization of:
Prior service cost (credit)	0	0	0
Actuarial loss (gain)	18	19	25
Settlement loss and other	2	(3)	0
Net periodic benefit cost (credit)	38	7	4
Healthcare
Defined Benefit Plan Disclosure [Line Items]
Service cost	3	4	4
Interest cost	9	6	6
Expected return on assets	(4)	(5)	(7)
Amortization of:
Prior service cost (credit)	(36)	(126)	(136)
Actuarial loss (gain)	0	1	3
Settlement loss and other	0	3	0
Net periodic benefit cost (credit)	(28)	(117)	(130)
Other
Defined Benefit Plan Disclosure [Line Items]
Service cost	5	5	6
Interest cost	4	1	1
Expected return on assets	0	0	0
Amortization of:
Prior service cost (credit)	0	0	0
Actuarial loss (gain)	2	(2)	2
Settlement loss and other	(1)	1	2
Net periodic benefit cost (credit)	$ 10	$ 5	$ 11

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	$ 38	$ 7	$ 4
Benefit adjustments included in other comprehensive (income) loss:
Net actuarial losses (gains)	51
Amortization of actuarial losses	(18)
Amortization of prior service (cost) credit	0
Currency translation adjustments and other	19
Total recognized in other comprehensive (income) loss	52
Total recognized in comprehensive loss	90
Healthcare
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	(28)	(117)	(130)
Benefit adjustments included in other comprehensive (income) loss:
Net actuarial losses (gains)	9
Amortization of actuarial losses	0
Amortization of prior service (cost) credit	36
Currency translation adjustments and other	0
Total recognized in other comprehensive (income) loss	45
Total recognized in comprehensive loss	17
Other
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost	10	$ 5	$ 11
Benefit adjustments included in other comprehensive (income) loss:
Net actuarial losses (gains)	5
Amortization of actuarial losses	(2)
Amortization of prior service (cost) credit	0
Currency translation adjustments and other	(1)
Total recognized in other comprehensive (income) loss	2
Total recognized in comprehensive loss	$ 12

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension plans
Weighted-average rate assumptions used to determine funded status
Discount rate	4.22%	4.64%	1.79%
Rate of compensation increase	2.91%	3.03%	2.41%
Weighted-average rate assumptions used to determine expense
Discount rates—service cost	3.51%	1.32%	0.94%
Discount rates—interest cost	4.65%	1.59%	0.98%
Rate of compensation increase	3.03%	2.41%	2.26%
Long-term rates of return on plan assets	4.54%	3.42%	3.71%
Healthcare plans
Weighted-average rate assumptions used to determine funded status
Discount rate	4.97%	5.28%	2.59%
Rate of compensation increase	4%	4%	4%
Initial healthcare cost trend rate	4.70%	5.12%	4.18%
Weighted-average, ultimate healthcare cost trend rate	3.74%	4%	3.58%
Weighted-average rate assumptions used to determine expense
Discount rates—service cost	5.37%	3.15%	2.57%
Discount rates—interest cost	5.17%	2.87%	1.55%
Rate of compensation increase	4%	4%
Long-term rates of return on plan assets	5.75%	4.76%	4.85%
Initial healthcare cost trend rate	5.12%	4.18%	4.39%
Weighted-average, ultimate healthcare cost trend rate	4%	3.58%	3.95%
Other
Weighted-average rate assumptions used to determine funded status
Discount rate	3.50%	4.11%	1.12%
Rate of compensation increase	2.94%	3.19%	2.33%
Weighted-average rate assumptions used to determine expense
Discount rates—service cost	4.32%	1.36%	0.77%
Discount rates—interest cost	4.08%	0.99%	0.47%
Rate of compensation increase	3.19%	2.33%	2.08%

Employee Benefit Plans and P_13

Employee Benefit Plans and Postretirement Benefits - Weighted Average Target Asset Allocation For All Plans (Details)	Dec. 31, 2023
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for all plans in asset categories	7%
Debt securities
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for all plans in asset categories	61%
Cash/Other
Defined Benefit Plan Disclosure [Line Items]
Asset allocation for all plans in asset categories	32%

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	$ 1,107	$ 1,037
Total Equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		0
U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		0
Non-U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		0
Total Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		75
U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		7
U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		20
Non-U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		29
Non-U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		13
Mortgage backed securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		3
Other fixed income
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		3
Total Other types of investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		941
Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		901
Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		40
Derivatives—credit contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		0
Real estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		0
Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category		21
Total of Level 1, Level 2 and Level 3 Assets
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	1,059
Total of Level 1, Level 2 and Level 3 Assets | Total Equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0
Total of Level 1, Level 2 and Level 3 Assets | U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0
Total of Level 1, Level 2 and Level 3 Assets | Non-U.S. equities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0
Total of Level 1, Level 2 and Level 3 Assets | Total Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	73
Total of Level 1, Level 2 and Level 3 Assets | U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	13
Total of Level 1, Level 2 and Level 3 Assets | U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	17
Total of Level 1, Level 2 and Level 3 Assets | Non-U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	26
Total of Level 1, Level 2 and Level 3 Assets | Non-U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	13
Total of Level 1, Level 2 and Level 3 Assets | Mortgage backed securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	2
Total of Level 1, Level 2 and Level 3 Assets | Other fixed income
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	2
Total of Level 1, Level 2 and Level 3 Assets | Total Other types of investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	964
Total of Level 1, Level 2 and Level 3 Assets | Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	919
Total of Level 1, Level 2 and Level 3 Assets | Insurance contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	45
Total of Level 1, Level 2 and Level 3 Assets | Derivatives—credit contracts
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0
Total of Level 1, Level 2 and Level 3 Assets | Real estate
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0
Total of Level 1, Level 2 and Level 3 Assets | Cash
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	22
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	37	34
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	26	28
Level 1 | U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	12	6
Level 1 | U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	14	15
Level 1 | Non-U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	0	7
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	11	6
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	977	963
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	47
Level 2 | U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	1	1
Level 2 | U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	3	5
Level 2 | Non-U.S. government bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	26	22
Level 2 | Non-U.S. corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	13	13
Level 2 | Mortgage backed securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	2	3
Level 2 | Other fixed income
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	2	3
Level 2 | Total Other types of investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	919	901
Level 2 | Mutual funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	919	901
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	11	15
Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	45	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	45	40
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	45	40
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
Investments at net asset value:
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets by asset category	$ 48

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, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Beginning plan assets	$ 1,037
Ending plan assets	1,107	$ 1,037
Level 3
Defined Benefit Plan Disclosure [Line Items]
Beginning plan assets	40	45
Actual return on plan assets relating to assets still held at reporting date	1	(1)
Purchases	4	4
Settlements	(2)	(7)
Transfers in and/or out of level 3	0	0
Currency impact	2	(1)
Ending plan assets	$ 45	$ 40

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, 2023 USD ($)
Pension
Defined Benefit Plan Disclosure [Line Items]
2024	$ 77
2025	77
2026	78
2027	88
2028	85
2029 - 2033	409
Total	814
Healthcare
Defined Benefit Plan Disclosure [Line Items]
2024	20
2025	19
2026	18
2027	17
2028	16
2029 - 2033	72
Total	162
Other
Defined Benefit Plan Disclosure [Line Items]
2024	9
2025	10
2026	9
2027	8
2028	9
2029 - 2033	46
Total	$ 91

Other Liabilities - Summary of

Other Liabilities - Summary of Other Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Warranty and campaign programs	$ 610	$ 544	$ 526
Marketing and sales incentive programs	2,409	1,556
Tax payables	704	506
Accrued expenses and deferred income	946	700
Accrued employee benefits	524	535
Lease liabilities	300	228
Legal reserves and other provisions	342	263
Contract reserve	24	16
Contract liabilities	50	33	20
Restructuring reserve	43	30	$ 29	$ 26
Other	355	436
Total	$ 6,307	$ 4,847

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, 2023	Dec. 31, 2022
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Balance at beginning of year	$ 544	$ 526
Current year additions	566	475
Claims paid	(510)	(440)
Currency translation adjustment and other	10	(17)
Balance at end of year	$ 610	$ 544

Other Liabilities - Additional

Other Liabilities - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 67	$ 31	$ 35
Agriculture
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	51	21	20
Construction
Restructuring Cost and Reserve [Line Items]
Restructuring expenses	$ 14	$ 10	$ 15

Other Liabilities - Restructuri

Other Liabilities - Restructuring Activity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restructuring Reserve [Roll Forward]
Beginning balance	$ 30	$ 29	$ 26
Restructuring charges	67	31	35
Reserves utilized: cash	(54)	(18)	(32)
Reserves utilized: non-cash	0	(11)	0
Currency translation adjustments	0	(1)	0
Ending balance	43	30	29
Severance and Other Employee Costs
Restructuring Reserve [Roll Forward]
Beginning balance	25	17	5
Restructuring charges	36	23	34
Reserves utilized: cash	(19)	(12)	(30)
Reserves utilized: non-cash	(3)	(2)	8
Currency translation adjustments	0	(1)	0
Ending balance	39	25	17
Facility Related Costs
Restructuring Reserve [Roll Forward]
Beginning balance	3	11	18
Restructuring charges	23	4	0
Reserves utilized: cash	(23)	(3)	(1)
Reserves utilized: non-cash	1	(9)	(6)
Currency translation adjustments	0	0	0
Ending balance	4	3	11
Other Restructuring
Restructuring Reserve [Roll Forward]
Beginning balance	2	1	3
Restructuring charges	8	4	1
Reserves utilized: cash	(12)	(3)	(1)
Reserves utilized: non-cash	2	0	(2)
Currency translation adjustments	0	0	0
Ending balance	$ 0	$ 2	$ 1

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) site	Dec. 31, 2022 USD ($)
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 | $	$ 20	$ 25
Guarantees at carrying value | $	$ 37	$ 19

Commitments and Contingencies_2

Commitments and Contingencies - Financial Services has Various Agreements to Extend Credit (Details) $ in Millions	Dec. 31, 2023 USD ($)
Wholesale and dealer financing
Line of Credit Facility [Line Items]
Total Credit Limit	$ 8,874
Utilized	5,715
Not Utilized	3,159
Revolving charge accounts
Line of Credit Facility [Line Items]
Total Credit Limit	2,557
Utilized	210
Not Utilized	$ 2,347

Financial Instruments - Additio

Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
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	6,100	$ 5,900
Interest rate derivatives
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Notional amount of foreign exchange derivatives	$ 9,000	$ 6,400

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	$ (117)	$ (132)	$ (8)
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(27)	(187)	(10)
Net sales | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	(35)	(191)	(57)
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	(7)	(1)	2
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	(33)	(219)	(11)
Other, Net | Foreign exchange contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	7	3	(4)
Interest expense | Interest rate contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) Recognized in Accumulated Other Comprehensive Income	(82)	59	49
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income into Income	$ 6	$ 30	$ 3

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Before-Tax Amount
Accumulated derivative net gain(loss), beginning balance	$ 71
Accumulated derivative net gain(loss), ending balance	(19)	$ 71
Income Tax
Accumulated derivative net gain(loss), beginning balance	(27)
Net changes in fair value of derivatives	39	4
Net losses reclassified from accumulated other comprehensive income into income	(3)	(17)	$ (1)
Accumulated derivative net gain(loss), ending balance	9	(27)
After-Tax Amount
Accumulated derivative net gain(loss), beginning balance	44
Net losses reclassified from accumulated other comprehensive income into income	24	170	9
Accumulated derivative net gain(loss), ending balance	(10)	44
Net changes in fair value of derivatives	(117)	(132)
Other comprehensive income (loss), before reclassifications	(78)	(128)
Net losses reclassified from accumulated other comprehensive income into income	27	187	10
Unrealized Gain (Loss) on Cash Flow Hedges
Before-Tax Amount
Accumulated derivative net gain(loss), beginning balance	71	(3)	(5)
Impact of demerger		19
Accumulated derivative net gain(loss), ending balance		71	(3)
Income Tax
Accumulated derivative net gain(loss), beginning balance	(27)	(14)	(1)
Impact of demerger		0
Net changes in fair value of derivatives			(12)
Accumulated derivative net gain(loss), ending balance		(27)	(14)
After-Tax Amount
Accumulated derivative net gain(loss), beginning balance	44	(17)	(6)
Impact of demerger		19
Net losses reclassified from accumulated other comprehensive income into income	(24)	(170)	(9)
Accumulated derivative net gain(loss), ending balance		44	(17)
Net changes in fair value of derivatives			(8)
Other comprehensive income (loss), before reclassifications	$ (80)	$ (126)	$ (20)

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest expense | Fair Value Hedges | Interest rate contracts
Fair Value Hedges
Interest rate derivatives	$ (42)	$ (104)	$ (47)
Other, Net | Foreign exchange contracts | Derivatives not designated as hedging instruments
Not Designated as Hedges
Foreign exchange contracts	$ (67)	$ (16)	$ (11)

Financial Instruments - Fair Va

Financial Instruments - Fair Values of Derivatives (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Derivative assets	$ 136	$ 189
Derivative liabilities	216	204
Derivatives designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative assets	91	147
Derivative liabilities	166	162
Derivatives designated as hedging instruments | Interest rate derivatives
Derivatives, Fair Value [Line Items]
Derivative assets	60	77
Derivative liabilities	117	106
Derivatives designated as hedging instruments | Foreign currency contracts
Derivatives, Fair Value [Line Items]
Derivative assets	31	70
Derivative liabilities	49	56
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Derivative assets	45	42
Derivative liabilities	50	42
Derivatives not designated as hedging instruments | Interest rate derivatives
Derivatives, Fair Value [Line Items]
Derivative assets	31	28
Derivative liabilities	30	28
Derivatives not designated as hedging instruments | Foreign currency contracts
Derivatives, Fair Value [Line Items]
Derivative assets	14	14
Derivative liabilities	$ 20	$ 14

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, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	$ 136	$ 189
Total Liabilities	216	204
Foreign exchange derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	46	84
Total Liabilities	69	70
Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	90	105
Total Liabilities	147	134
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	136	189
Total Liabilities	216	204
Level 2 | Foreign exchange derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	46	84
Total Liabilities	69	70
Level 2 | Interest rate derivatives
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets	90	105
Total Liabilities	$ 147	$ 134

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, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Property, plant and equipment, fair value	$ 0	$ 7
Property, plant and equipment, losses	$ 0	$ 17

Financial Instruments - Estimat

Financial Instruments - Estimated Fair Values of Instruments Not Carried at Fair Value in Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivables	$ 24,249	$ 19,260
Debt	27,326	22,962
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing receivables	24,129	18,827
Debt	$ 27,624	$ 22,651

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Details) € / shares in Units, $ / shares in Units, € in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 EUR (€) vote € / shares shares	Dec. 31, 2022 shares	Dec. 31, 2021 shares	Mar. 01, 2024 shares	Dec. 31, 2023 USD ($) shares	Apr. 13, 2023 EUR (€) € / shares	Apr. 13, 2023 USD ($) $ / shares	Dec. 31, 2020 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)	1,290,937,585	1,344,240,971			1,290,937,585
Treasury stock (in shares)	73,462,611	20,159,225			73,462,611
Special voting shares issued (in shares)	396,474,276				396,474,276
Special voting shares outstanding (in shares)	371,000,610	371,072,953			371,000,610
Retirement of special voting shares (in shares)	72,343	145,297	109,904
Capital increase (in shares)	1,894,985	554,023	2,166,529
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)	55,200,000
Treasury stock, value | $					$ 865
Dividend declared (in eur per share) | (per share)						€ 0.36	$ 0.394
Dividend declared amount						€ 482	$ 527
Forecast
Class of Stock [Line Items]
Treasury stock (in shares)				1,000,000,000
Special Voting Shares
Class of Stock [Line Items]
Treasury stock (in shares)	25,473,666				25,473,666
Special voting shares outstanding (in shares)	371,000,610	371,072,953	371,218,250		371,000,610			371,328,154
Retirement of special voting shares (in shares)	72,343	145,297	109,904

Shareholders Equity - Changes i

Shareholders Equity - Changes in the Composition of the Share of CHN Industrial (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Common shares, shares outstanding, beginning balance (in shares)	1,344,240,971
Special voting shares, shares outstanding, beginning balance (in shares)	371,072,953
Common and special voting shares, shares outstanding (in shares)	1,715,313,924	1,727,295,250	1,725,238,625
Capital increase (in shares)	1,894,985	554,023	2,166,529
Common stock repurchases (in shares)	(55,198,371)	(12,390,052)	0
Retirement of special voting shares (in shares)	(72,343)	(145,297)	(109,904)
Common shares, shares outstanding, ending balance (in shares)	1,290,937,585	1,344,240,971
Special voting shares, shares outstanding, ending balance (in shares)	371,000,610	371,072,953
Common and special voting shares, shares outstanding (in shares)	1,661,938,195	1,715,313,924	1,727,295,250
Common Shares
Class of Stock [Line Items]
Common shares, shares outstanding, beginning balance (in shares)	1,344,240,971	1,356,077,000	1,353,910,471
Capital increase (in shares)	1,894,985	554,023	2,166,529
Common stock repurchases (in shares)	(55,198,371)	(12,390,052)	0
Common shares, shares outstanding, ending balance (in shares)	1,290,937,585	1,344,240,971	1,356,077,000
Loyalty Program Special Voting Rights
Class of Stock [Line Items]
Special voting shares, shares outstanding, beginning balance (in shares)	371,072,953	371,218,250	371,328,154
Common stock repurchases (in shares)			0
Retirement of special voting shares (in shares)	(72,343)	(145,297)	(109,904)
Special voting shares, shares outstanding, ending balance (in shares)	371,000,610	371,072,953	371,218,250

Share-Based Compensation - Addi

Share-Based Compensation - Additional Information (Details) $ / shares in Units, shares in Thousands, $ 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, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) installment $ / shares shares	Dec. 31, 2020 $ / 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 | $				$ 99	$ 87	$ 78
Tax benefit relating to share-based compensation expense | $				14	$ 11	$ 6
Unrecognized share-based compensation expense | $				$ 103
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				$ 11.87	$ 13.90	$ 14.39
Granted (in shares)				2,000	2,000	1,000
CNH EIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)									50,000
CNH EIP | Executive Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)								7,000
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	5,000
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					1,500
Vested (in dollars per share) | $ / shares						$ 11.75
Number of grants | grant		2
Number of installments | installment	3	3				3
Vesting period		3 years			3 years	3 years
Vested (in shares)	17
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				400
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	3,300				1,200
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]
Granted (in shares)					2,500
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)					2,000
Vested (in dollars per share) | $ / shares				$ 13.90
2023-2025 Long Term Incentive Plan | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)				2,800
Vested (in dollars per share) | $ / shares				$ 12.29
2023-2025 Long Term Incentive Plan | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)				2,000
Vested (in dollars per share) | $ / shares				$ 11.87

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of Performance-Based Share Activity (Details) - CNH Industrial EIP - Performance Shares	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Performance Shares
Nonvested, beginning balance (in shares) | shares	10,847,408
Granted (in shares) | shares	2,789,887
Forfeited/Cancelled (in shares) | shares	(257,808)
Vested (in shares) | shares	0
Nonvested, ending balance (in shares) | shares	13,379,487
Weighted Average Grant Date Fair Value
Nonvested, beginning balance (in dollars per share) | $ / shares	$ 8.81
Granted (in dollars per share) | $ / shares	12.29
Forfeited/Cancelled (in dollars per share) | $ / shares	9.67
Vested (in dollars per share) | $ / shares	0
Nonvested, ending balance (in dollars per share) | $ / shares	$ 9.52

Share-Based Compensation - Sc_2

Share-Based Compensation - Schedule of Restricted-Based Share Activity (Details) - Restricted Stock Units - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Restricted Shares
Granted (in shares)	2,000,000	2,000,000	1,000,000
Weighted Average Grant Date Fair Value
Granted (in dollars per share)	$ 11.87	$ 13.90	$ 14.39
CNH Industrial EIP
Restricted Shares
Nonvested, beginning balance (in shares)	5,423,895
Nonvested as of January 5, 2022 (in shares)	5,423,057	5,423,895
Granted (in shares)	2,091,819
Forfeited (in shares)	(199,208)
Vested (in shares)	(1,893,449)
Nonvested, ending balance (in shares)	5,423,057	5,423,895
Weighted Average Grant Date Fair Value
Nonvested, beginning balance (in dollars per share)	$ 9.66
Forfeited (in dollars per share)	11.58
Vested (in dollars per share)	7.44
Nonvested, ending balance (in dollars per share)	$ 11.21	$ 9.66

Share-Based Compensation - Ad_2

Share-Based Compensation - Additional Share Based Compensation Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]
Total intrinsic value of options exercised and shares vested	$ 52	$ 22	$ 35
Fair value of shares vested	$ 14	$ 3	$ 25

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net income (loss) attributable to CNH Industrial N.V.	$ 2,371	$ 2,029	$ 1,723
Net income (loss) attributable to CNH Industrial N.V. from continuing operations	2,371	2,029	1,792
Net income (loss) attributable to CNH Industrial N.V. from discontinued operations	$ 0	$ 0	$ (69)
Basic earnings (loss) per share attributable to common shareholders:
Weighted average common shares outstanding—basic (in shares)	1,332	1,351	1,354
Continuing operations (in dollars per share)	$ 1.78	$ 1.50	$ 1.32
Discontinuing operations (in dollars per share)	0	0	(0.05)
Basic earnings (loss) per share (in dollars per share)	$ 1.78	$ 1.50	$ 1.27
Diluted earnings (loss) per share attributable to common shareholders
Net income (loss) attributable to CNH Industrial N.V.	$ 2,371	$ 2,029	$ 1,723
Net income (loss) attributable to CNH Industrial N.V. from continuing operations	2,371	2,029	1,792
Net income (loss) attributable to CNH Industrial N.V. from discontinued operations	$ 0	$ 0	$ (69)
Stock compensation plans (in shares)	18	11	7
Weighted average common shares outstanding—diluted (in shares)	1,350	1,362	1,361
Continuing operations (in dollars per share)	$ 1.76	$ 1.49	$ 1.32
Discontinuing operations (in dollars per share)	0	0	(0.05)
Diluted earnings (loss) per share (in dollars per share)	$ 1.76	$ 1.49	$ 1.27

Earnings per Share - Antidiluti

Earnings per Share - Antidilutive Securities (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Anti-dilutive securities (in shares)	0	500	60

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Components of OCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross Amount	$ (148)	$ 218	$ 265
Income Taxes	(55)	0	28
Other comprehensive income (loss), net of tax	(93)	218	237
Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross Amount	(90)	56	2
Income Taxes	(34)	12	13
Other comprehensive income (loss), net of tax	(56)	44	(11)
Changes in retirement plans’ funded status
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross Amount	87	(29)	(109)
Income Taxes	21	12	(15)
Other comprehensive income (loss), net of tax	66	(41)	(94)
Foreign currency translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross Amount	40	158	247
Income Taxes	0	0	0
Other comprehensive income (loss), net of tax	40	158	247
Share of other comprehensive loss of entities using the equity method
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross Amount	(11)	(25)	(93)
Income Taxes	0	0	0
Other comprehensive income (loss), net of tax	$ (11)	$ (25)	$ (93)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Components of AOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	$ 6,927	$ 6,808	$ 4,989
Other comprehensive income (loss), before reclassifications	(78)	(128)
Amounts reclassified from other comprehensive income	(24)	(170)	(9)
Other comprehensive income (loss), net of tax	(93)	218	237
Ending balance	8,180	6,927	6,808
Non-controlling interest	3	1	(6)
Revision of Prior Period, Adjustment
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance		(1,654)
Ending balance			(1,654)
Total
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(2,278)	(2,445)	(2,676)
Other comprehensive income (loss), before reclassifications	(108)	110	330
Amounts reclassified from other comprehensive income	12	109	(99)
Other comprehensive income (loss), net of tax	(96)	219	231
Ending balance	(2,374)	(2,278)	(2,445)
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)
Unrealized Gain (Loss) on Cash Flow Hedges
Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	46		(6)
Other comprehensive income (loss), before reclassifications	(80)	(126)	(20)
Amounts reclassified from other comprehensive income	24	170	9
Other comprehensive income (loss), net of tax	(56)	44	(11)
Ending balance	(10)	46
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	(285)		(653)
Other comprehensive income (loss), before reclassifications	(54)	102	202
Amounts reclassified from other comprehensive income	(12)	(61)	(108)
Other comprehensive income (loss), net of tax	(66)	41	94
Ending balance	(351)	(285)
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	(1,800)		(1,884)
Other comprehensive income (loss), before reclassifications	37	159	241
Amounts reclassified from other comprehensive income	0	0	0
Other comprehensive income (loss), net of tax	37	159	241
Ending balance	(1,763)	(1,800)
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	(239)		(133)
Other comprehensive income (loss), before reclassifications	(11)	(25)	(93)
Amounts reclassified from other comprehensive income	0	0	0
Other comprehensive income (loss), net of tax	(11)	(25)	(93)
Ending balance	$ (250)	(239)
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)

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Income (Loss) - Schedule of Reclassifications (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	$ 24,687	$ 23,551	$ 19,496
Cost of goods sold	(16,838)	(16,797)	(14,109)
Other, net	(830)	(689)	(768)
Interest expense	(1,345)	(734)	(549)
Income tax (expense) benefit	(594)	(747)	(229)
Net income (loss)	2,383	2,039	$ 1,760
Reclassification out of accumulated other comprehensive income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)	12	109
Reclassification out of accumulated other comprehensive income | Unrealized Gain (Loss) on Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	7	1
Cost of goods sold	33	219
Other, net	(7)	(3)
Interest expense	(6)	(30)
Income tax (expense) benefit	(3)	(17)
Net income (loss)	24	170
Reclassification out of accumulated other comprehensive income | Change in Retirement Plans’ Funded  Status
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax (expense) benefit	4	47
Net income (loss)	(12)	(61)
Reclassification out of accumulated other comprehensive income | Amortization of actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of actuarial losses	20	18
Reclassification out of accumulated other comprehensive income | Amortization of prior service cost
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Amortization of prior service cost	$ (36)	$ (126)

Segment Reporting - Additional

Segment Reporting - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of segments (in segments) | segment	3
Net sales	$ 24,687	$ 23,551	$ 19,496
U.K.
Segment Reporting Information [Line Items]
Net sales	548	557	548
Total long-lived assets	328	128
Total Revenues from external customers in the rest of world
Segment Reporting Information [Line Items]
Net sales	24,139	22,994	$ 18,948
Total long-lived assets	$ 7,908	$ 7,357

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, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net income (loss)		$ 2,383	$ 2,039	$ 1,760
Income tax expense		(594)	(747)	(229)
Interest expense of Industrial Activities, net of interest income and eliminations		(76)	(119)	(118)
Foreign exchange (gains) losses, net of Industrial Activities		(105)	(59)	(1)
Finance and non-service component of Pension and OPEB costs		(4)	124	143
Restructuring expenses		67	31	35
Other discrete items of Industrial Activities		(10)	(25)	(178)
Net income (loss) from discontinued operations		0	0	(41)
Amortization of benefits modification			90	119
Amortization period of deferred reduction to retirement benefits payable	4 years 6 months
Plan amendments	$ 527
Operating Segments
Segment Reporting Information [Line Items]
Net income (loss)		2,977	2,786	2,030
Unallocated items, eliminations, and other
Segment Reporting Information [Line Items]
Adjusted Earnings Before Interest And Tax		(240)	(147)	(137)
Industrial Activities
Segment Reporting Information [Line Items]
Restructuring expenses		(65)	(31)	(35)
Industrial Activities | Operating Segments
Segment Reporting Information [Line Items]
Loss from sale of business, held for sale		23
consideration transferred		$ 13
Impairment losses on assets sold with a buy-back commitment			43
Business combination, separately recognized transactions, additional disclosures, acquisition cost expensed			25	133
Separation costs			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
Amortization period of deferred reduction to retirement benefits payable		4 years 6 months
Plan amendments			527
Industrial Activities | Operating Segments | 2021 Modification of Healthcare Plan
Segment Reporting Information [Line Items]
Amortization of benefits modification		$ 24	24	5
Amortization period of deferred reduction to retirement benefits payable		4 years
Plan amendments		$ 101
Agriculture | Operating Segments
Segment Reporting Information [Line Items]
Adjusted Earnings Before Interest And Tax		2,732	2,456	1,810
Construction
Segment Reporting Information [Line Items]
Restructuring expenses		14	10	15
Construction | Operating Segments
Segment Reporting Information [Line Items]
Adjusted Earnings Before Interest And Tax		238	124	90
Financial Services | Operating Segments
Segment Reporting Information [Line Items]
Net income (loss)		371	338	349
Income tax expense		$ (136)	$ (125)	$ (107)

Segment Reporting - Key Informa

Segment Reporting - Key Information for Financial Services Segment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net income	$ 2,371	$ 2,029	$ 1,723
Interest revenue	2,607	2,010	1,694
Interest expense	1,345	734	549
Financial Services
Segment Reporting Information [Line Items]
Net income	371	338	349
Interest revenue	1,817	1,149	918
Interest expense	$ 1,234	$ 601	$ 409

Segment Reporting - Revenue fro

Segment Reporting - Revenue from Operating Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 22,080	$ 21,541	$ 17,802
Total Revenues	24,687	23,551	19,496
Depreciation and amortization	377	327	295
Expenditures for long-lived assets	644	461	365
Industrial Activities
Segment Reporting Information [Line Items]
Net sales	22,080	21,541	17,802
Depreciation and amortization	373	325	293
Expenditures for long-lived assets	637	456	360
Industrial Activities | Operating Segments
Segment Reporting Information [Line Items]
Net sales	22,080	21,541	17,802
Industrial Activities | Eliminations and other
Segment Reporting Information [Line Items]
Net sales	0	0	0
Industrial Activities | Other activities and adjustments
Segment Reporting Information [Line Items]
Depreciation and amortization	0	0	1
Expenditures for long-lived assets	7	0	0
Agriculture
Segment Reporting Information [Line Items]
Depreciation and amortization	331	287	254
Expenditures for long-lived assets	534	393	307
Agriculture | Operating Segments
Segment Reporting Information [Line Items]
Net sales	18,148	17,969	14,721
Construction
Segment Reporting Information [Line Items]
Depreciation and amortization	42	38	38
Expenditures for long-lived assets	96	63	53
Construction | Operating Segments
Segment Reporting Information [Line Items]
Net sales	3,932	3,572	3,081
Financial Services
Segment Reporting Information [Line Items]
Depreciation and amortization	4	2	2
Expenditures for long-lived assets	7	5	5
Financial Services | Operating Segments
Segment Reporting Information [Line Items]
Total Revenues	2,573	1,996	1,672
Financial Services | Eliminations and other
Segment Reporting Information [Line Items]
Total Revenues	$ 34	$ 14	$ 22

Segment Reporting - Revenue by

Segment Reporting - Revenue by Geographical Segments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 24,687	$ 23,551	$ 19,496
United States
Segment Reporting Information [Line Items]
Net sales	9,090	8,189	6,387
Italy
Segment Reporting Information [Line Items]
Net sales	562	592	556
France
Segment Reporting Information [Line Items]
Net sales	1,300	1,123	1,084
Brazil
Segment Reporting Information [Line Items]
Net sales	3,540	3,904	2,414
Germany
Segment Reporting Information [Line Items]
Net sales	633	674	564
Canada
Segment Reporting Information [Line Items]
Net sales	1,712	1,530	1,341
Australia
Segment Reporting Information [Line Items]
Net sales	1,222	982	857
Spain
Segment Reporting Information [Line Items]
Net sales	263	263	283
Argentina
Segment Reporting Information [Line Items]
Net sales	574	565	418
Poland
Segment Reporting Information [Line Items]
Net sales	373	449	425
Other
Segment Reporting Information [Line Items]
Net sales	4,870	4,723	4,619
Total Revenues from external customers in the rest of world
Segment Reporting Information [Line Items]
Net sales	$ 24,139	$ 22,994	$ 18,948

Segment Reporting - Long-lived

Segment Reporting - Long-lived Assets by Geographical Segments (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
United States
Segment Reporting Information [Line Items]
Total long-lived assets	$ 5,701	$ 5,669
Canada
Segment Reporting Information [Line Items]
Total long-lived assets	732	548
Italy
Segment Reporting Information [Line Items]
Total long-lived assets	499	437
Brazil
Segment Reporting Information [Line Items]
Total long-lived assets	226	162
France
Segment Reporting Information [Line Items]
Total long-lived assets	60	48
China
Segment Reporting Information [Line Items]
Total long-lived assets	53	55
Germany
Segment Reporting Information [Line Items]
Total long-lived assets	24	17
Spain
Segment Reporting Information [Line Items]
Total long-lived assets	3	1
Other
Segment Reporting Information [Line Items]
Total long-lived assets	610	420
Total Revenues from external customers in the rest of world
Segment Reporting Information [Line Items]
Total long-lived assets	$ 7,908	$ 7,357

Related Party Information - Add

Related Party Information - Additional Information (Details) - USD ($) $ in Millions	Jan. 01, 2022	Dec. 31, 2023	Dec. 31, 2022
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	44.20%
CNH Industrial Capital Europe S.A.S.
Related Party Transaction [Line Items]
Pledged guarantees on commitments		$ 37	$ 19

Related Party Information - Sch

Related Party Information - Schedule of Related Party Transactions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Net sales	$ 22,080	$ 21,541	$ 17,802
Cost of goods sold	16,838	16,797	14,109
Selling, general and administrative expenses	1,863	1,752	1,454
Trade receivables, net	133	172
Financial receivables from Iveco Group N.V.	380	298
Trade payables	3,611	3,702
Financial payables to Iveco Group N.V	146	156
Related Party | Stellantis
Related Party Transaction [Line Items]
Net sales	0	0	0
Cost of goods sold	11	17	31
Selling, general and administrative expenses	37	48	59
Trade receivables, net	0	0
Trade payables	11	14
Related Party | Iveco Group post-Demerger
Related Party Transaction [Line Items]
Net sales	139	48	21
Cost of goods sold	1,042	930	948
Selling, general and administrative expenses	0	0	0
Trade receivables, net	25	21
Financial receivables from Iveco Group N.V.	380	298
Trade payables	335	184
Financial payables to Iveco Group N.V	146	156
Related Party | Subsidiaries and Affiliates
Related Party Transaction [Line Items]
Net sales	589	400	402
Cost of goods sold	508	554	$ 496
Trade receivables, net	2	0
Trade payables	$ 54	$ 100

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) $ in Millions	Jan. 16, 2024	Feb. 14, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Buyback program authorized amount			$ 1,000
Subsequent Event
Subsequent Event [Line Items]
Buyback program authorized amount		$ 500
Subsequent Event | 4.200% Notes Due January 2024
Subsequent Event [Line Items]
Extinguishment of debt	$ 500
Bonds, interest rate	4.20%

Uncategorized Items - cnhi-2023

Label	Element	Value
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations	us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	$ 9,629,000,000