CNH INDUSTRIAL N.V., 10-Q filed on 4/30/2026
Quarterly Report
v3.26.1
COVER
 3 Months Ended
Mar. 31, 2026
shares
Entity Information [Line Items]  
Document Type 10-Q
Document Quarterly Report true
Document Period End Date Mar. 31, 2026
Document Transition Report false
Entity File Number 001-36085
Entity Registrant Name CNH INDUSTRIAL N.V.
Entity Incorporation, State or Country Code P7
Entity Tax Identification Number 98-1125413
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 Current Reporting Status Yes
Entity Interactive Data Current Yes
Entity Filer Category Large Accelerated Filer
Entity Small Business false
Entity Emerging Growth Company false
Entity Shell Company false
Entity Common Stock, Shares Outstanding 1,239,950,537
Entity Central Index Key 0001567094
Current Fiscal Year End Date --12-31
Document Fiscal Year Focus 2026
Document Fiscal Period Focus Q1
Amendment Flag false
Common Shares  
Entity Information [Line Items]  
Title of 12(b) Security Common Shares, par value €0.01
Trading Symbol CNH
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 CNH27
Security Exchange Name NYSE
v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Net sales $ 3,170 $ 3,172
Finance, interest and other income 656 656
Total Revenues 3,826 3,828
Costs and Expenses    
Cost of goods sold 2,605 2,569
Selling, general and administrative expenses 465 386
Research and development expenses 232 184
Restructuring expenses 4 6
Interest expense 365 362
Other, net 142 159
Total Costs and Expenses 3,813 3,666
Consolidated income before income taxes 13 162
Income tax expense (4) (47)
Equity in income of unconsolidated affiliates 1 17
Net income 10 132
Net income attributable to noncontrolling interests 3 1
Net income attributable to CNH Industrial N.V. $ 7 $ 131
Earnings per share attributable to common shareholders    
Basic (in usd per share) $ 0.01 $ 0.10
Diluted (in usd per share) $ 0.01 $ 0.10
Weighted-average shares outstanding    
Basic (in shares) 1,241 1,248
Diluted (in shares) 1,244 1,253
v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 1,604 $ 2,578
Restricted cash 735 651
Trade receivables, net 207 226
Financing receivables, net 22,629 23,105
Financial receivables from Iveco Group N.V. 192 195
Inventories, net 5,234 4,651
Property, plant and equipment, net 2,192 2,181
Investments in unconsolidated affiliates 427 437
Equipment under operating leases 1,595 1,591
Goodwill 3,610 3,617
Other intangible assets, net 1,068 1,086
Deferred tax assets 1,236 1,207
Derivative assets 162 142
Other assets 1,147 1,080
Total Assets 42,038 42,747
Liabilities and Equity    
Debt 25,904 26,762
Financial payables to Iveco Group N.V. 40 91
Trade payables 2,439 2,247
Deferred tax liabilities 15 17
Pension, postretirement and other postemployment benefits 346 366
Derivative liabilities 141 97
Other liabilities 5,285 5,342
Total Liabilities 34,170 34,922
Redeemable noncontrolling interest 56 53
Common shares, €0.01, par value; outstanding 1,239,950,537 common shares and 370,433,244 loyalty program special voting shares at 03/31/2026; and outstanding 1,242,064,719 common shares and 370,457,350 loyalty program special voting shares at 12/31/2025 25 25
Treasury stock, at cost; 124,449,659 shares at 03/31/2026 and 122,335,477 at 12/31/2025 (1,443) (1,422)
Additional paid-in capital 1,379 1,388
Retained earnings 10,513 10,506
Accumulated other comprehensive loss (2,702) (2,767)
Noncontrolling interests 40 42
Total Equity 7,812 7,772
Total Liabilities and Equity $ 42,038 $ 42,747
v3.26.1
CONSOLIDATED BALANCE SHEETS (Parenthetical) - € / shares
Mar. 31, 2026
Dec. 31, 2025
Statement of Financial Position [Abstract]    
Common shares, par value (in euro per share) € 0.01 € 0.01
Common shares, shares outstanding (in shares) 1,239,950,537 1,242,064,719
Common stock shares issued not disclosed true true
Number of authorized shares not disclosed true true
Special voting shares, shares outstanding (in shares) 370,433,244 370,457,350
Treasury stock, shares (in shares) 124,449,659 122,335,477
v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]    
Net income $ 10 $ 132
Other comprehensive income, net of tax    
Unrealized loss on cash flow hedges (37) (7)
Changes in retirement plans' funded status 3 (2)
Foreign currency translation 103 59
Share of other comprehensive income (loss) of entities using the equity method (5) 10
Other comprehensive income, net of tax 64 60
Comprehensive income 74 192
Less: Comprehensive income attributable to noncontrolling interests 2 4
Comprehensive income attributable to CNH Industrial N.V. $ 72 $ 188
v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities    
Net income $ 10 $ 132
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense excluding assets under operating leases 116 102
Depreciation and amortization expense of assets under operating leases 50 48
Undistributed loss of unconsolidated affiliates (1) (17)
Other non-cash items 97 78
Changes in operating assets and liabilities:    
Provisions (120) (149)
Deferred income taxes (16) (18)
Trade and financing receivables related to sales, net 319 351
Inventories, net (566) (192)
Trade payables 198 (123)
Other assets and liabilities (52) (50)
Net cash provided by operating activities 35 162
Cash Flows from Investing Activities    
Additions to retail receivables (1,511) (1,734)
Collections of retail receivables 1,823 1,735
Expenditures for property, plant and equipment and intangible assets, excluding assets under operating leases (93) (106)
Expenditures for assets under operating leases (125) (158)
Other, net (40) (17)
Net cash provided (used) by investing activities 54 (280)
Cash Flows from Financing Activities    
Proceeds from long-term debt 3,090 2,629
Payments of long-term debt (3,522) (2,784)
Net decrease in other financial liabilities (531) (1,261)
Dividends paid (1) (1)
Purchase of treasury stock (26) (5)
Net cash used in financing activities (990) (1,422)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 11 72
Net decrease in cash, cash equivalents and restricted cash (890) (1,468)
Cash, cash equivalents and restricted cash, beginning of period 3,229 3,866
Cash, cash equivalents and restricted cash, end of period 2,339 2,398
Components of cash, cash equivalents and restricted cash    
Cash and cash equivalents 1,604 1,695
Restricted cash 735 703
Total cash, cash equivalents and restricted cash $ 2,339 $ 2,398
v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Millions
Total
Common Shares
Treasury Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Redeemable Noncontrolling Interest
Beginning balance at Dec. 31, 2024 $ 7,713 $ 25 $ (1,386) $ 1,415 $ 10,309 $ (2,712) $ 62  
Stockholders' Equity                
Net income (loss) 129       131   (2)  
Other comprehensive income (loss), net of tax 60         57 3  
Acquisition of treasury stock (5)   (5)          
Common shares issued from treasury stock for share-based compensation 0   26 (26)        
Share-based compensation expense 5     5        
Ending balance at Mar. 31, 2025 7,902 25 (1,365) 1,394 10,440 (2,655) 63  
Beginning balance, redeemable noncontrolling interest at Dec. 31, 2024               $ 55
Redeemable Noncontrolling Interest                
Net income (loss)               3
Dividends paid               (1)
Ending balance, redeemable noncontrolling interest at Mar. 31, 2025               57
Beginning balance at Dec. 31, 2025 7,772 25 (1,422) 1,388 10,506 (2,767) 42  
Stockholders' Equity                
Net income (loss) 6       7   (1)  
Other comprehensive income (loss), net of tax 64         65 (1)  
Acquisition of treasury stock (26)   (26)          
Common shares issued from treasury stock for share-based compensation 0   5 (5)        
Share-based compensation expense (1)     (1)        
Other changes (3)     (3)        
Ending balance at Mar. 31, 2026 7,812 $ 25 $ (1,443) $ 1,379 $ 10,513 $ (2,702) $ 40  
Beginning balance, redeemable noncontrolling interest at Dec. 31, 2025 53             53
Redeemable Noncontrolling Interest                
Net income (loss)               4
Dividends paid               (1)
Ending balance, redeemable noncontrolling interest at Mar. 31, 2026 $ 56             $ 56
v3.26.1
BASIS OF PRESENTATION
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
BASIS OF PRESENTATION BASIS OF PRESENTATION
CNH Industrial N.V. ("CNH" or the "Company") has prepared the accompanying unaudited Consolidated Financial Statements in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission. Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted. In the opinion of management, all normal recurring adjustments considered necessary for a fair presentation have been included. These interim financial statements should be read in conjunction with the Company’s audited financial statements included in the Form 10‑K for the year ended December 31, 2025. Results of operations and cash flows for interim periods are not necessarily indicative of full‑year results.
There have been no material changes to the Company’s organization, accounting policies, or geographic region definitions from those described in the 2025 annual report on Form 10‑K.
v3.26.1
NEW ACCOUNTING PRONOUNCEMENTS
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
NEW ACCOUNTING PRONOUNCEMENTS NEW ACCOUNTING PRONOUNCEMENTS
The Company considers the applicability and impact of all Accounting Standards Updates ("ASUs") issued by the Financial Accounting Standards Board ("FASB"). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company's Consolidated Financial Statements.
Not Yet Adopted
Expense Disaggregation Disclosures
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) to improve the disclosures about a public business entity’s expenses and provide more detailed information about the types of expenses included in certain expense captions in the Consolidated Financial Statements. The amendments in this update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company is evaluating the impact this guidance will have on the disclosures in the consolidated financial statements and related disclosures.
v3.26.1
REVENUE
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
The following table summarizes revenues for the three months ended March 31, 2026 and 2025 (in millions of dollars):
Three Months Ended March 31,
20262025
Agriculture$2,596 $2,581 
Construction574 591 
Total Industrial Activities3,170 3,172 
Financial Services646 651 
Eliminations and other10 5 
Total Revenues $3,826 $3,828 
The following table disaggregates revenues by major source for the three months ended March 31, 2026 and 2025 (in millions of dollars):
Three Months Ended March 31,
20262025
Revenues from:
Sales of goods$3,156 $3,163 
Rendering of services and other revenues14 9 
Revenues from sales of goods and services3,170 3,172 
Finance and interest income526 510 
Rents and other income on operating lease130 146 
Finance, interest and other income656 656 
Total Revenues$3,826 $3,828 
Contract liabilities recorded in "Other liabilities" were $128 million at March 31, 2026 and $122 million at December 31, 2025, primarily related to extended warranties. During the three months ended March 31, 2026 and 2025, revenues included $10 million and $3 million, respectively, from contract liabilities outstanding at the beginning of each period.
As of March 31, 2026, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $128 million (approximately $122 million at December 31, 2025). CNH expects to recognize revenue on approximately 27% and 81% of the remaining performance obligations over the next 12 and 36 months, respectively (consistent with December 31, 2025).
v3.26.1
VARIABLE INTEREST ENTITIES
 3 Months Ended
Mar. 31, 2026
Equity Method Investments and Joint Ventures [Abstract]  
VARIABLE INTEREST ENTITIES VARIABLE INTEREST ENTITIES
The following table presents certain assets and liabilities of consolidated variable interest entities ("VIEs") included in the Consolidated Balance Sheets. The assets may be used only to settle obligations of the consolidated VIEs, and the liabilities represent third-party liabilities of the consolidated VIEs for which creditors have no recourse to CNH's general credit (in millions of dollars).
March 31, 2026December 31, 2025
Restricted cash$620 $541 
Financing receivables, net9,835 10,248 
Total Assets$10,455 $10,789 
Debt$9,644 $10,025 
Total Liabilities$9,644 $10,025 
v3.26.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted Earnings per share ("EPS") (in millions of dollars and shares, except per share amounts):
Three Months Ended March 31,
20262025
Basic EPS attributable to common shareholders
Net income attributable to CNH Industrial N.V.$7 $131 
Weighted-average common shares outstanding—basic1,241 1,248 
Basic earnings per share$0.01 $0.10 
Diluted EPS attributable to common shareholders
Weighted-average common shares outstanding—basic1,241 1,248 
Dilutive effect of stock compensation plans3 5 
Weighted-average common shares outstanding—diluted(1)
1,244 1,253 
Diluted earnings per share$0.01 $0.10 
(1)For the three months ended March 31, 2026 and 2025, no shares were excluded from the computation of diluted earnings per share as all shares were dilutive.
v3.26.1
EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS
The following table summarizes the components of Net periodic benefit cost (income) of defined benefit pension plans and postretirement health and life insurance plans for the three months ended March 31, 2026 and 2025 (in millions of dollars):
Pension Healthcare Other
Three Months Ended March 31,Three Months Ended March 31,Three Months Ended March 31,
202620252026202520262025
Service cost$2 $2 $— $1 $1 $1 
Interest cost13 13 2 2 1 1 
Expected return on assets(15)(12)— (1)— — 
Amortization of:
Prior service credit— — — (5)— — 
Actuarial loss (gain)5 5 — 1 (2)(1)
Net periodic benefit cost (income)$5 $8 $2 $(2)$— $1 
v3.26.1
INCOME TAXES
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES INCOME TAXESThe effective tax rate for the three months ended March 31, 2026 and 2025 was 30.8% and 29.0%, respectively. The increase in the 2026 effective tax rate was largely attributable to discrete items on a relatively small profit base in Q1 2026
v3.26.1
SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING SEGMENT REPORTING
The Company operates three reportable segments: Agriculture, Construction, and Financial Services. The Agriculture and Construction segments are collectively referred to as "Industrial Activities". Segment information is prepared in accordance with the internal reporting provided to the Chief Operating Decision Maker (the "CODM"). The CODM evaluates the Agriculture and Construction segments based on Adjusted Earnings before Interest and Taxes ("EBIT") and evaluates the Financial Services segment based on Income before income taxes. Adjusted EBIT is a non-GAAP financial measure. A reconciliation to the most directly comparable GAAP measure is provided in Item 2, "Management's Discussion and Analysis of Financial Condition and Results of Operations". There were no changes to the Company’s reportable segments or to the methods used to measure segment results during the quarter.
The following tables include reported segment revenue and income, significant segment expenses and other segment items considered in the calculation of Adjusted EBIT for Industrial Activities and Income before income taxes for Financial Services for the three months ended March 31, 2026 and 2025 (in millions of dollars):
Three Months Ended March 31, 2026
AgricultureConstructionFinancial ServicesTotal
Net sales $2,596 $574 $— 
Finance, interest and other income (Financial Services)— — 646 
Total Revenues 2,596 574 646 
Cost of goods sold (2,099)(506)— 
Selling, general and administrative expenses(1)
(263)(69)(108)
Research and development expenses(205)(27)— 
Interest expense (Financial Services) — — (332)
Other, net (Financial Services) — — (109)
Equity in income of joint ventures (2)— 3 
Adjusted EBIT [A]
27 (28)n/a
Income before income taxes [B]
n/an/a100 
Segment profit (loss) [C=A+B]
$99 
Interest expenses, net (excluding Financial Services)$(23)
Restructuring expenses (Industrial Activities)(4)
Foreign exchange losses, net (Industrial Activities)(2)
Finance and non-service component of Pension and other postemployment benefit costs (Industrial Activities)(4)
Unallocated amounts(44)
Discrete items excluded from segments(8)
Income tax expense(4)
Net income$10 
Three Months Ended March 31, 2025
AgricultureConstructionFinancial ServicesTotal
Net sales $2,581 $591 $— 
Finance, interest and other income (Financial Services)— — 651 
Total Revenues 2,581 591 651 
Cost of goods sold (2,066)(503)— 
Selling, general and administrative expenses(1)
(225)(53)(81)
Research and development expenses(163)(21)— 
Interest expense (Financial Services) — — (332)
Other, net (Financial Services) — — (125)
Equity in income of joint ventures 12 — 5 
Adjusted EBIT [A]
139 14 n/a
Income before income taxes [B]
n/an/a118 
Segment profit [C=A+B]
$271 
Interest expenses, net (excluding Financial Services)$(25)
Restructuring expenses (Industrial Activities)(6)
Foreign exchange losses, net (Industrial Activities)(5)
Finance and non-service component of Pension and other postemployment benefit costs (Industrial Activities)(4)
Unallocated amounts(52)
Income tax expense(47)
Net income$132 
(1)For the three months ended March 31, 2026 and 2025, this item included risk costs for the Financial Services segment of $74 million and $50 million, respectively.
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.
The following tables summarize additional operating segment information (in millions of dollars):
Three Months Ended March 31,
20262025
Revenues
Agriculture$2,596 $2,581 
Construction574 591 
Net sales3,170 3,172 
Financial Services646 651 
Eliminations and other10 5 
Total Revenues$3,826 $3,828 
Depreciation and amortization(1)
Agriculture$100 $88 
Construction14 13 
Other activities and adjustments1 — 
Depreciation and amortization of Industrial Activities 115 101 
Financial Services1 1 
Total Depreciation and amortization$116 $102 
Expenditures for long-lived assets(2)
Agriculture$85 $92 
Construction7 11 
Expenditures for long-lived assets of Industrial Activities92 103 
Financial Services1 3 
Total Expenditures for long-lived assets$93 $106 
(1)Excluding equipment under operating leases.
(2)Excluding equipment under operating leases and related right-of-use assets.
March 31, 2026December 31, 2025
Inventories
Agriculture$4,057 $3,635 
Construction1,097 928 
Financial Services80 88 
Total Inventories, net
$5,234 $4,651 
Equity Method Investments
Agriculture$252 $255 
Financial Services146 146 
Total Equity Method Investments$398 $401 
v3.26.1
RECEIVABLES
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
RECEIVABLES RECEIVABLES
Financing Receivables, net
A summary of financing receivables as of March 31, 2026 and December 31, 2025 is as follows (in millions of dollars):
March 31, 2026December 31, 2025
Retail$14,405 $14,616 
Wholesale8,153 8,437 
Other71 52 
Total$22,629 $23,105 
Financing receivables balances at March 31, 2026 and December 31, 2025 include unearned finance income and unamortized deferred fees and costs of $668 million and $722 million, respectively, and an allowance for credit losses of $632 million and $572 million, respectively.
Transfers of Financial Assets
As part of its overall funding strategy, CNH periodically transfers certain receivables into bankruptcy-remote special purpose entities ("SPEs") as part of its asset-backed securitization ("ABS") programs or through factoring transactions.
Assets transferred to SPEs are legally isolated and their related cash flows are restricted to satisfy the SPEs’ obligations. The SPEs, including certain VIE trusts, are consolidated as CNH has both the power to direct their significant activities and exposure to potentially significant benefits or losses. Accordingly, transfers to these entities do not qualify for sale accounting and are recorded as secured borrowings.
CNH may retain subordinated interests in the SPEs but does not guarantee the securities issued by the trusts. CNH provides customary representations and warranties, which may require it to repurchase receivables if those representations or warranties are breached. The trusts generally terminate upon final investor distributions or exercise of a cleanup call.
Factoring transactions may be with or without recourse. Transfers that include deferred purchase price features, first‑loss positions, or other forms of continuing involvement do not meet the criteria for derecognition. In those cases, CNH continues to recognize the receivables and records a corresponding liability within asset‑backed financing.
The secured borrowings related to the transferred receivables are obligations that are payable as the receivables are collected. At March 31, 2026 and December 31, 2025, the carrying amount of such restricted assets included in financing receivables are the following (in millions of dollars):
March 31, 2026December 31, 2025
Retail$7,699 $8,041 
Wholesale4,994 5,053 
Total$12,693 $13,094 
Allowance for Credit Losses
Allowance for credit losses activity for the three months ended March 31, 2026 and 2025 is as follows (in millions of dollars):
Three Months Ended March 31, 2026
RetailWholesale
Balance at beginning of period$518 $54 
Provision77 (3)
Charge-offs(39)— 
Recoveries6 — 
Foreign currency translation and other18 1 
Balance at end of period$580 $52 
Three Months Ended March 31, 2025
RetailWholesale
Balance at beginning of period$376 $48 
Provision50 — 
Charge-offs(29)— 
Recoveries3 — 
Foreign currency translation and other20 1 
Balance at end of period$420 $49 
As of March 31, 2026, the allowance for credit losses included an increase in retail reserves of $131 million for Brazil as compared to March 31, 2025. This increase reflects Brazilian market conditions, primarily related to current crop prices, flooding and drought events. The allowance for credit losses is included in "Selling, general and administrative" expenses in the Consolidated Statements of Operations.
CNH evaluates the credit quality of its receivables based on delinquency status. Receivables are considered past due when scheduled principal or interest payments have not been received by the due date, and delinquency is reported for accounts more 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. Principal amounts of receivables are charged off against the allowance when they are determined to be uncollectible.
The aging of financing receivables and gross charge-offs by vintage, net of allowance for credit losses, as of March 31, 2026 is as follows (in millions of dollars), with gross charge‑offs representing amounts written off during the three months ended March 31, 2026.
Current31-60 Days
Past Due		61-90 Days Past DueTotal
Performing		Non-
Performing		TotalGross Charge-offs
Retail
North America
2026$1,072 $2 $1,074 $2 
20253,655 6 3,661 3 
20242,229 10 2,239 6 
20231,165 8 1,173 4 
2022608 4 612 2 
Prior to 2022333 3 336 1 
Total8,999 61 2 9,062 33 9,095 18 
South America
2026219 — 219 — 
20251,001 9 1,010 — 
20241,008 60 1,068 — 
2023831 72 903 8 
2022332 34 366 9 
Prior to 2022237 15 252 3 
Total3,531 62 35 3,628 190 3,818 20 
Asia Pacific
2026143 — 143 — 
2025575 — 575 — 
2024367 1 368 — 
2023230 1 231 1 
2022124 1 125 — 
Prior to 202236 — 36 — 
Total1,459 9 7 1,475 3 1,478 1 
Europe, Middle East and Africa ("EMEA")4 — — 4 10 14 — 
Total Retail$13,993 $132 $44 $14,169 $236 $14,405 $39 
Wholesale
North America$4,232 $— $— $4,232 $1 $4,233 $— 
South America1,048 11 2 1,061 — 1,061 — 
Asia Pacific836 3 1 840 — 840 — 
EMEA2,005 13 1 2,019 — 2,019 — 
Total Wholesale$8,121 $27 $4 $8,152 $1 $8,153 $— 
The aging of financing receivables and gross charge-offs by vintage, net of allowance for credit losses, as of December 31, 2025 is as follows (in millions of dollars), with gross charge‑offs representing amounts written off during the year ended December 31, 2025.
Current31-60 Days
Past Due		61-90 Days
Past Due		Total
Performing		Non-
Performing		TotalGross Charge-offs
Retail
North America
2025$4,270 $9 $4,279 $7 
20242,549 15 2,564 17 
20231,343 9 1,352 23 
2022729 5 734 10 
2021374 2 376 3 
Prior to 202172 2 74 4 
Total9,274 60 3 9,337 42 9,379 64 
South America
20251,031 4 1,035 13 
20241,017 54 1,071 53 
2023826 84 910 70 
2022331 41 372 20 
2021159 12 171 4 
Prior to 202176 5 81 3 
Total3,368 42 30 3,440 200 3,640 163 
Asia Pacific
2025641 — 641 — 
2024426 1 427 — 
2023277 1 278 — 
2022164 — 164 — 
202160 — 60 1 
Prior to 202112 — 12 1 
Total1,574 3 3 1,580 2 1,582 2 
EMEA4004 11 15 — 
Total Retail$14,220 $105 $36 $14,361 $255 $14,616 $229 
Wholesale
North America$4,142 $— $— $4,142 $17 $4,159 $— 
South America1,251 3 — 1,254 — 1,254 — 
Asia Pacific877 2 2 881 1 882 1 
EMEA2,133 6 3 2,142 — 2,142 3 
Total Wholesale$8,403 $11 $5 $8,419 $18 $8,437 $4 
Modifications
CNH periodically modifies the terms of finance receivable agreements with customers experiencing financial difficulties. Typically, the types of modifications granted are payment deferrals, extended contract maturities, modification of a contractual interest rate or waiving of interest and principal. As a collateral-based lender, CNH has recourse to the financed assets on default. The Company continues to monitor the credit quality of these modified financing receivables. CNH's allowance for credit losses incorporates historical loss information, including the effects of the modified financing receivables. Therefore, additional adjustments to the allowance are generally not recorded upon modification of the financing receivable.
As of March 31, 2026 and December 31, 2025, modifications of CNH's retail and wholesale receivables for customers experiencing financial difficulties were immaterial. Defaults and subsequent write-offs of receivables modified in the prior twelve months ended March 31, 2026 and December 31, 2025 were not significant.
Due to challenging market conditions in Brazil, where farmers' profitability is under pressure as global commodity prices decline while production costs continue to rise, CNH has offered payment refinancing to certain customers. These refinancings are considered insignificant contract adjustments and are not treated as modifications. Customers are required to make partial payments on their outstanding installments to qualify for refinancing. As of March 31, 2026, $130 million of installments were refinanced related to $521 million of retail Agricultural receivables, compared with $126 million of installments related to $513 million as of December 31, 2025. These refinanced receivables demonstrated a higher delinquency rate, specifically those greater than 90 days past due, compared to non-refinanced receivables within the portfolio. CNH has taken this into account when provisioning for credit losses.
v3.26.1
INVENTORIES
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
INVENTORIES INVENTORIES
Inventories as of March 31, 2026 and December 31, 2025 consist of the following (in millions of dollars):
March 31, 2026December 31, 2025
Raw materials$1,339 $1,297 
Work-in-process606 430 
Finished goods3,289 2,924 
Total inventories, net$5,234 $4,651 
Inventories are presented net of allowances totaling $378 million and $399 million, to state inventory at net realizable value at March 31, 2026 and December 31, 2025, respectively.
v3.26.1
LEASES
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
LEASES LEASES
Lessee
The Company leases certain buildings, plant and machinery, vehicles, and information technology ("IT") equipment for its own use. 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 the 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 management's analysis of all relevant facts and circumstances, including the leased asset's purpose, the economic and practical potential for replacing the asset, and any plans that the Company has for the asset's future use. 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 Consolidated Statements of Operation. Leases with a term of 12 months or less are not recorded in the Consolidated Balance sheets. For these leases the Company recognized, on a straight-line basis over the lease term, lease expenses of $1 million in both the three months ended March 31, 2026 and 2025.
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 the 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.
For long-term leases recorded on the Consolidated Balance Sheets, the Company incurred operating lease expenses of $26 million and $25 million in the three months ended March 31, 2026 and 2025, respectively.
The weighted-average remaining lease term (calculated on the basis of the remaining lease term and the lease liability balance for each lease) was as follows (in millions of dollars, except as noted):
March 31, 2026March 31, 2025
Right-of-use assets$283 $277 
Lease liability$288 $284 
Weighted-average remaining lease term (Year)
4.65.0
Weighted-average discount rate (%)
4.3%
4.6%
During the three months ended March 31, 2026 and 2025, leased assets obtained in exchange for operating lease obligations were $48 million and $23 million, respectively. The operating cash outflow for amounts included in the measurement of operating lease obligations was $29 million and $26 million as of March 31, 2026 and 2025, respectively.
Lessor
A summary of equipment under operating leases as of March 31, 2026 and December 31, 2025 is as follows (in millions of dollars):
March 31, 2026December 31, 2025
Equipment under operating leases
$1,976 $1,963 
Accumulated depreciation and other changes(381)(372)
Net equipment under operating leases
$1,595 $1,591 
Depreciation expense on equipment under operating leases, recorded in "Other, net," was $49 million and $48 million for the three months ended March 31, 2026, and 2025, respectively.
The following table presents a maturity analysis of operating lease payments, showing the undiscounted lease payments to be received after the reporting date (in millions of dollars):
Amount
2026
$160 
2027
161 
202884 
202938 
203014 
2031 and thereafter
1 
Total undiscounted lease payments$458 
LEASES LEASES
Lessee
The Company leases certain buildings, plant and machinery, vehicles, and information technology ("IT") equipment for its own use. 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 the 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 management's analysis of all relevant facts and circumstances, including the leased asset's purpose, the economic and practical potential for replacing the asset, and any plans that the Company has for the asset's future use. 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 Consolidated Statements of Operation. Leases with a term of 12 months or less are not recorded in the Consolidated Balance sheets. For these leases the Company recognized, on a straight-line basis over the lease term, lease expenses of $1 million in both the three months ended March 31, 2026 and 2025.
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 the 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.
For long-term leases recorded on the Consolidated Balance Sheets, the Company incurred operating lease expenses of $26 million and $25 million in the three months ended March 31, 2026 and 2025, respectively.
The weighted-average remaining lease term (calculated on the basis of the remaining lease term and the lease liability balance for each lease) was as follows (in millions of dollars, except as noted):
March 31, 2026March 31, 2025
Right-of-use assets$283 $277 
Lease liability$288 $284 
Weighted-average remaining lease term (Year)
4.65.0
Weighted-average discount rate (%)
4.3%
4.6%
During the three months ended March 31, 2026 and 2025, leased assets obtained in exchange for operating lease obligations were $48 million and $23 million, respectively. The operating cash outflow for amounts included in the measurement of operating lease obligations was $29 million and $26 million as of March 31, 2026 and 2025, respectively.
Lessor
A summary of equipment under operating leases as of March 31, 2026 and December 31, 2025 is as follows (in millions of dollars):
March 31, 2026December 31, 2025
Equipment under operating leases
$1,976 $1,963 
Accumulated depreciation and other changes(381)(372)
Net equipment under operating leases
$1,595 $1,591 
Depreciation expense on equipment under operating leases, recorded in "Other, net," was $49 million and $48 million for the three months ended March 31, 2026, and 2025, respectively.
The following table presents a maturity analysis of operating lease payments, showing the undiscounted lease payments to be received after the reporting date (in millions of dollars):
Amount
2026
$160 
2027
161 
202884 
202938 
203014 
2031 and thereafter
1 
Total undiscounted lease payments$458 
v3.26.1
INVESTMENTS IN UNCONSOLIDATED AFFILIATES
 3 Months Ended
Mar. 31, 2026
Equity Method Investments and Joint Ventures [Abstract]  
INVESTMENTS IN UNCONSOLIDATED AFFILIATES INVESTMENTS IN UNCONSOLIDATED AFFILIATES
A summary of investments in unconsolidated affiliates as of March 31, 2026 and December 31, 2025 is as follows (in millions of dollars):
March 31, 2026December 31, 2025
Equity method$398 $401 
Other investments, at carrying value29 36 
Total$427 $437 
At March 31, 2026, the Company recognized an $8 million non-cash impairment on a minority investment included in Other investments, at carrying value.
v3.26.1
GOODWILL AND OTHER INTANGIBLES
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLES GOODWILL AND OTHER INTANGIBLES
Changes in the carrying amount of goodwill for the three months ended March 31, 2026 were as follows (in millions of dollars):
AgricultureConstructionFinancial
Services		Total
Balance at December 31, 2025$3,427 $50 $140 $3,617 
Foreign currency translation and other(5)(1)(1)(7)
Balance at March 31, 2026
$3,422 $49 $139 $3,610 
As of March 31, 2026 and December 31, 2025, the Company's other intangible assets and related accumulated amortization consisted of the following (in millions of dollars):
March 31, 2026December 31, 2025
GrossAccumulated
Amortization		NetGrossAccumulated
Amortization		Net
Other intangible assets subject to amortization:
Dealer networks$217 $204 $13 $217 $204 $13 
Patents, concessions, licenses and other938 615 323 943 607 336 
Capitalized software1,414 1,127 287 1,394 1,107 287 
2,569 1,946 623 2,554 1,918 636 
Other intangible assets not subject to
amortization:
In-process research and development32 — 32 31 — 31 
Software in-progress141 — 141 147 — 147 
Trademarks272 — 272 272 — 272 
Total other intangible assets$3,014 $1,946 $1,068 $3,004 $1,918 $1,086 
CNH recorded amortization expense of $45 million and $42 million for the three months ended March 31, 2026 and 2025, respectively.
v3.26.1
DEBT
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
DEBT DEBT
A summary of issued bonds outstanding as of March 31, 2026 is as follows (in millions of dollars, except percentages):
CurrencyFace value of outstanding bondsIssue DateCouponMaturityOutstanding amount
Industrial Activities
Euro Medium Term Notes:
CNH Industrial Finance Europe S.A.(1)
EUR600March 25, 20191.750%March 25, 2027$689 
CNH Industrial Finance Europe S.A.(1)
EUR50April 21, 20163.875%April 21, 202858 
CNH Industrial Finance Europe S.A.(1)
EUR500July 3, 20191.625%July 3, 2029575 
CNH Industrial Finance Europe S.A.(1)
EUR50July 15, 20192.200%July 15, 203958 
CNH Industrial N.V.(2)
EUR750June 11, 20243.750%June 11, 2031862
CNH Industrial N.V.(2)
EUR500November 26, 20253.625%January 26, 2033575 
CNH Industrial N.V.(2)
EUR500September 3, 20253.875%September 3, 2035575
Other Bonds:
CNH Industrial N.V.(3)
USD500November 14, 20173.850%November 15, 2027500 
Hedging effects, bond premium/discount, and unamortized issuance costs(55)
Total Industrial Activities $3,837 
Financial Services
CNH Industrial Capital LLCUSD600May 24, 20211.450%July 15, 2026$600 
CNH Industrial Capital LLCUSD500October 9, 20244.500%October 8, 2027500 
CNH Industrial Capital LLCUSD500March 21, 20254.750%March 21, 2028500 
CNH Industrial Capital LLCUSD600April 10, 20234.550%April 10, 2028600 
CNH Industrial Capital LLCUSD500September 13, 20235.500%January 12, 2029500 
CNH Industrial Capital LLCUSD600March 21, 20245.100%April 20, 2029600 
CNH Industrial Capital LLCUSD500September 29, 20254.500%October 16, 2030500 
CNH Industrial Capital LLCUSD500January 8, 20264.375%March 7, 2031500 
CNH Industrial Capital Australia Pty Ltd.(4)
AUD7752023/2025
4.700%
5.800%
2026/2028534 
CNH Industrial Capital Canada LtdCAD400August 11, 20235.500%August 11, 2026287 
CNH Industrial Capital Canada LtdCAD400March 25, 20244.800%March 25, 2027287 
CNH Industrial Capital Canada LtdCAD300October 10, 20244.000%April 11, 2028215 
CNH Industrial Capital Canada LtdCAD500June 5, 20253.750%June 5, 2029359 
CNH Industrial Capital Argentina S.A.(5)
USD1562024/2026
6.000%
8.250%
2026/2029156 
Banco CNH Industrial Capital S.A.(6)
BRL3,6502021/2025
12.160%
18.320%
2026/2032698 
Hedging effects, bond premium/discount, and unamortized issuance costs(19)
Total Financial Services$6,817 
(1)Bond listed on the regulated market of Euronext Dublin.
(2)Bond listed on the Global Exchange Market of Euronext Dublin.
(3)Bond listed on the New York Stock Exchange.
(4)Comprised of 4 bonds issued that range in coupon rates of 4.700% and 5.800% and mature between July 13, 2026 and June 20, 2028.
(5)Comprised of 5 bonds issued that range in coupon rates of 6.000% and 8.250% and mature between November 12, 2026 and February 9, 2029.
(6)Comprised of 22 bonds issued that range in coupon rates of 12.160% and 18.320% and mature between May 9, 2026 and December 22, 2032.
A summary of total debt as of March 31, 2026 and December 31, 2025 is as follows (in millions of dollars):
March 31, 2026December 31, 2025
Industrial ActivitiesFinancial ServicesConsolidatedIndustrial ActivitiesFinancial ServicesConsolidated
Total bonds$3,837 $6,817 $10,654 $3,917 $6,802 $10,719 
Asset-backed debt— 10,751 10,751 — 11,294 11,294 
Other debt184 4,315 4,499 187 4,562 4,749 
Intersegment debt232 265 — 281 203 — 
Total Debt4,253 22,148 25,904 4,385 22,861 26,762 
Financial payables to Iveco Group N.V.1 39 40 3 88 91 
Total Debt (including Financial payables to Iveco Group N.V.)$4,254 $22,187 $25,944 $4,388 $22,949 $26,853 
Total Debt, including Financial payables to Iveco Group N.V., decreased $909 million compared to December 31, 2025. The decrease was primarily driven by a decrease in asset-backed debt.
At March 31, 2026, available committed unsecured facilities expiring after twelve months totaled approximately $6.4 billion ($6.5 billion at December 31, 2025). Committed asset-backed facilities expiring after twelve months totaled approximately $3.4 billion at March 31, 2026 ($3.7 billion at December 31, 2025), of which $3.0 billion was utilized ($3.5 billion at December 31, 2025).
We believe that funds available under our current liquidity facilities, those realized under existing and planned asset-backed securitization programs and issuances of debt securities and those expected from ordinary course refinancing of existing credit facilities, together with cash provided by operating activities, will allow us to satisfy our debt service requirements for the coming year.
On April 19, 2024, the Company terminated its five-year committed revolving credit agreement dated March 18, 2019 (as amended and restated on December 10, 2021) and entered into a new five-year credit agreement, which provides for an unsecured, committed revolving credit facility in an aggregate principal amount equal to €3.25 billion. In March 2026, the Company extended the maturity date by one year on the terms set forth in the credit agreement. As such, the credit agreement will mature and all outstanding loans will become due and payable, on April 18, 2031. At March 31, 2026, the Company was in compliance with all covenants in the credit agreement.
v3.26.1
SUPPLY CHAIN FINANCE PROGRAMS
 3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
SUPPLY CHAIN FINANCE PROGRAMS SUPPLY CHAIN FINANCE PROGRAMS
Outstanding remaining obligations of the supply chain finance ("SCF") programs as of March 31, 2026 and December 31, 2025 were $109 million and $95 million, respectively. We have no economic interest in a supplier's decision to participate in the SCF program, and we have no direct financial relationship with the financial institutions, as it relates to the SCF program. These balances are included within "Trade payables" in our Consolidated Balance Sheets and are reflected as "Cash Flows from Operating Activities" in our Consolidated Statements of Cash Flows when settled.
v3.26.1
OTHER LIABILITIES
 3 Months Ended
Mar. 31, 2026
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES OTHER LIABILITIES
A summary of "Other liabilities" as of March 31, 2026 and December 31, 2025 is as follows (in millions of dollars):
March 31, 2026December 31, 2025
Marketing and sales incentive programs$1,821 $1,930 
Accrued expenses and deferred income975 843 
Warranty and campaign programs631 641 
Legal reserves and other provisions421 419 
Accrued employee benefits404 459 
Lease liabilities288 272 
Tax payables272 323 
Contract liabilities
128 122 
Restructuring reserves15 15 
Other330 318 
Total$5,285 $5,342 
Warranty and Campaign Programs
CNH pays for basic warranty and other service action costs. A summary of basic warranty campaign program accrual changes for the three months ended March 31, 2026 and 2025, are as follows (in millions of dollars):
Three Months Ended March 31,
20262025
Balance at beginning of period$641 $633 
Current year additions112 153 
Claims paid(119)(133)
Currency translation adjustment and other(3)13 
Balance at end of period$631 $666 
Restructuring Expenses
The Company incurred restructuring expenses of $4 million and $6 million during the three months ended March 31, 2026 and 2025, respectively, primarily due to employee separation costs.
v3.26.1
COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES COMMITMENTS AND CONTINGENCIES
As a global company with a diverse business portfolio, 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. We are party to various unresolved investigations, claims and actions that are incidental to our business. The most significant of these matters are described below.
The outcome of any current or future proceedings, claims, or investigations cannot be predicted with certainty. Adverse decisions in one or more of these proceedings, claims or investigations could require CNH 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 the Company's Consolidated Statements of Operations 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, the Company has not been named as a potentially responsible party ("PRP"), or its liability is likely de minimis.
Because estimates of remediation costs are subject to revision as more information becomes available about the extent and cost of remediation and settlement agreements can be reopened under certain circumstances, the Company's potential liability for remediation costs associated with the 66 Waste Sites could change. Moreover, because liability under CERCLA and similar laws can be joint and several, CNH 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 that could exceed 30 years for some sites. As of March 31, 2026 and December 31, 2025, environmental reserves of approximately $23 million and $24 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 Investigations
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 and 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 of Iveco Group N.V. and CNH ("Demerger"), CNH cannot be excluded from current and future follow-on proceedings originating from the Decision because under European Union competition law a company cannot use corporate reorganizations to avoid liability for private damage claims. At this time, CNH is unable to predict the outcome of these proceedings or reasonably estimate any potential losses. 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, then CNH, as a result of various arrangements, will ultimately have recourse against Iveco and IMAG for the reimbursement of any damages paid by CNH to such claimants. However, if Iveco or IMAG do not comply with their obligations with respect to any such decisions or fail to fulfill their obligations to CNH, then CNH could experience financial losses. The Company believes that the risk of Iveco, IMAG or Iveco Group defaulting on potential payment obligations arising from such follow-up on damage claims is remote and at this time, is unable to reasonably estimate any potential losses.
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. ("FPT Industrial"), which is a wholly-controlled subsidiary of Iveco Group N.V. The Italian criminal investigation was dismissed in 2023. As a result of FPT Industrial's full cooperation with the investigative authorities, all German criminal investigations were concluded in December 2023. FPT is defending individual civil claims alleging emissions' non-compliance in Germany and Austria. While the Company had no role in the design and sale of such engine models and vehicles, the Company cannot predict the likelihood of these outcomes or reasonably estimate any potential losses. 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.
Poland Antitrust Case: On December 9, 2025, the Polish Antitrust Authority issued a notification of decision imposing fines on CNH Polska and some of its dealers of approximately €57 million. This decision follows an investigation beginning in 2023 of alleged commercial anticompetitive practices. The Company disagrees with the allegations presented by the Polish Antitrust Authority and intends to defend its case. This decision is not final and binding until judicial proceedings and available appeals have been completed. CNH Polska filed an appeal of the decision on January 9, 2026, on several grounds, including lack of evidence of CNH Polska's role as a coordinator of the alleged misconduct and time barred claims. A first instance decision from the Polish courts on this appeal is not expected for at least two years from the date of appeal. CNH Polska is confident in its defenses and ability to significantly reduce or nullify the decision and accordingly has determined a reserve is not required at this time.
Guarantees
CNH provided guarantees on the debt or commitments of third parties and performance guarantees in the interest of non-consolidated affiliates as of March 31, 2026 and December 31, 2025 totaling $115 million and $119 million, respectively.
v3.26.1
FINANCIAL INSTRUMENTS
 3 Months Ended
Mar. 31, 2026
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, identical or similar instruments in inactive markets and model-derived valuations where all significant inputs and value drivers are observable.
•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.
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 derivative or other financial instruments for speculative purposes. The credit and market risk related to derivatives is reduced through diversification among various counterparties, utilizing mandatory termination clauses and/or collateral support agreements. Derivative instruments are generally classified as Level 2 in the fair value hierarchy. The cash flows underlying all derivative contracts were recorded in "Cash Flows from Operating Activities" in the Consolidated Statements of Cash Flows.
Foreign Exchange Derivatives
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. CNH uses foreign exchange forward contracts and swaps to manage and preserve the economic value of cash flows in a currency different from the functional currency of the relevant legal entity. 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 for the three months ended March 31, 2026 and 2025.
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 $4.3 billion and $3.6 billion at March 31, 2026 and December 31, 2025, respectively.
Interest Rate Derivatives
CNH uses interest rate derivatives (swaps and caps) to manage interest rate exposures arising in the normal course of business. Interest rate derivatives that have been designated as cash flow hedges are 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 three months ended March 31, 2026 and 2025.
All of CNH's interest rate derivatives outstanding as of March 31, 2026 and December 31, 2025 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 $10.9 billion at March 31, 2026 and $11.1 billion at December 31, 2025, respectively.
Financial Statement Impact of Derivatives
The following table summarizes the gross impact of changes in the fair value of derivatives designated as cash flow hedges recognized in "Accumulated other comprehensive loss" and "Net income" during the three months ended March 31, 2026 and 2025 (in millions of dollars):
Recognized in Net income
For the Three Months Ended March 31,
Gain (Loss)
Recognized in Accumulated other comprehensive loss
Classification of Gain (Loss)
Gain (Loss) Reclassified from Accumulated other comprehensive loss
2026
Foreign exchange contracts$(53)
Net sales— 
Cost of goods sold(2)
Other, net— 
Interest rate contracts16 Interest expense11 
Total$(37)
Total net gain
$9 
2025
Foreign exchange contracts$(9)
Net sales(2)
Cost of goods sold(8)
Other, net(4)
Interest rate contracts(13)Interest expense3 
Total$(22)
Total net loss
$(11)
The following table summarizes the activity in "Accumulated other comprehensive loss" related to the derivatives held by the Company during the three months ended March 31, 2026 and 2025 (in millions of dollars):
Before-Tax AmountIncome TaxAfter-Tax Amount
Accumulated derivative net income at December 31, 2025$44 $(17)$27 
Net changes in fair value of derivatives(37)— (37)
Net gain reclassified from accumulated other comprehensive loss into income
(9)9 — 
Accumulated derivative net loss at March 31, 2026
$(2)$(8)$(10)
Accumulated derivative net income at December 31, 2024$115 $(43)$72 
Net changes in fair value of derivatives(22)5 (17)
Net loss reclassified from accumulated other comprehensive loss into income
11 (1)10 
Accumulated derivative net income at March 31, 2025$104 $(39)$65 
The following table summarizes the impact related to changes in the fair value of fair value hedges and derivatives not designated as hedging instruments had on earnings during the three months ended March 31, 2026 and 2025 (in millions of dollars):
For the Three Months Ended March 31,
Classification of Gain (Loss)
20262025
Fair Value Hedges
Interest rate derivativesInterest expense$(3)$26 
Not Designated as Hedges
Foreign exchange contractsOther, net$(53)$11 
The fair values of CNH's derivatives as of March 31, 2026 and December 31, 2025 in the Consolidated Balance Sheets are recorded as follows (in millions of dollars):
March 31, 2026December 31, 2025
Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Derivatives designated as hedging instruments
Foreign currency contractsDerivative assets$18 Derivative assets$23 
Interest rate contractsDerivative assets116 Derivative assets101 
Total derivative assets $134 $124 
Foreign currency contractsDerivative liabilities$58 Derivative liabilities$30 
Interest rate contractsDerivative liabilities48 Derivative liabilities42 
Total derivative liabilities $106 $72 
Derivatives not designated as hedging instruments
Foreign currency contractsDerivative assets$12 Derivative assets$7 
Interest rate contractsDerivative assets16 Derivative assets11 
Total derivative assets $28 $18 
Foreign currency contractsDerivative liabilities$18 Derivative liabilities$14 
Interest rate contractsDerivative liabilities17 Derivative liabilities11 
Total derivative liabilities$35 $25 
Items Measured at Fair Value on a Recurring Basis
The following table presents for each of the fair value hierarchy levels the Company's assets and liabilities that are measured at fair value on a recurring basis at March 31, 2026 and December 31, 2025 (in millions of dollars):
Level 1Level 2Total
March 31,
2026		December 31, 2025March 31,
2026		December 31, 2025March 31,
2026		December 31, 2025
Assets
Foreign exchange derivatives$— $— $30 $30 $30 $30 
Interest rate derivatives— — 132 112 132 112 
Total Assets$— $— $162 $142 $162 $142 
Liabilities
Foreign exchange derivatives$— $— $76 $44 $76 $44 
Interest rate derivatives— — 65 53 65 53 
Total Liabilities$— $— $141 $97 $141 $97 
Fair Value of Other Financial Instruments
The carrying value of "Cash and cash equivalents", "Restricted cash", "Trade receivables, net" and "Trade payables" 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 March 31, 2026, and December 31, 2025, were as follows (in millions of dollars):
March 31, 2026December 31, 2025
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Financing receivables, net$22,629 $22,554 $23,105 $23,073 
Debt$25,904 $26,461 $26,762 $27,339 
Financing Receivables
The fair value of financing receivables is based on the discounted values of their related cash flows at current market interest rates and is classified as a Level 3 fair value measurement.
Debt
All debt is classified as a Level 2 fair value measurement with the exception of bonds issued by CNH Industrial Finance Europe S.A. and bonds issued by CNH Industrial N.V. that are classified as a Level 1 fair value measurement.
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The tax effect for each component of other comprehensive income (loss) for the three months ended March 31, 2026 and 2025 consisted of the following (in millions of dollars):
Three Months Ended March 31, 2026
Gross
Amount		Income
Taxes		Net
Amount
Unrealized loss on cash flow hedges$(46)$9 $(37)
Changes in retirement plans' funded status3 — 3 
Foreign currency translation103 — 103 
Share of other comprehensive loss of entities using the equity method(5)— (5)
Other comprehensive income$55 $9 $64 
Three Months Ended March 31, 2025
Gross
Amount		Income
Taxes		Net
Amount
Unrealized loss on cash flow hedges$(11)$4 $(7)
Changes in retirement plans' funded status(3)1 (2)
Foreign currency translation59 — 59 
Share of other comprehensive income of entities using the equity method10 — 10 
Other comprehensive income$55 $5 $60 
The changes, net of tax, in each component of "Accumulated other comprehensive income (loss)" in the three months ended March 31, 2026 and 2025 consisted of the following (in millions of dollars):
Unrealized
Gains (Loss) on
Cash Flow
Hedges		Change in
Retirement Plans'
Funded Status		Foreign Currency
Translation		Share of Other
Comprehensive
Income (Loss) of
Entities Using
the Equity
Method		Total
Balance at December 31, 2025$27 $(315)$(2,236)$(243)$(2,767)
Other comprehensive income (loss), before reclassifications(37)— 104 (5)62 
Amounts reclassified from comprehensive income— 3 — — 3 
Other comprehensive income (loss)(1)
(37)3 104 (5)65 
Balance at March 31, 2026$(10)$(312)$(2,132)$(248)$(2,702)
Balance at December 31, 2024$72 $(348)$(2,170)$(266)$(2,712)
Other comprehensive income (loss), before reclassifications(17)(2)56 10 47 
Amounts reclassified from comprehensive income10 — — — 10 
Other comprehensive income (loss)(1)
(7)(2)56 10 57 
Balance at March 31, 2025$65 $(350)$(2,114)$(256)$(2,655)
(1)Excluded from the table above is other comprehensive income (loss) allocated to noncontrolling interests of $(1) million and $3 million for the three months ended March 31, 2026 and 2025, respectively.
v3.26.1
RELATED PARTY INFORMATION
 3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
RELATED PARTY INFORMATION RELATED PARTY INFORMATION
As of March 31, 2026, CNH's related parties were primarily EXOR N.V. ("EXOR") and the companies that EXOR N.V. controlled or had a significant influence over, including Stellantis N.V. ("Stellantis"), Ferrari N.V. ("Ferrari") and Iveco Group N.V. ("Iveco Group"), which effective January 1, 2022 separated from CNH by way of a demerger under Dutch law and became a publicly listed company independent from CNH.
As of March 31, 2026, EXOR N.V. held 45.6% 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 to (ii) the aggregate number of outstanding common shares and special voting shares of CNH as of March 31, 2026. In addition, CNH engages in transactions with its unconsolidated affiliates over which CNH has a significant influence or joint control.
Transactions with EXOR N.V. and its Subsidiaries and Affiliates
EXOR is an investment holding company in Europe. As of March 31, 2026 and December 31, 2025, among other things, EXOR managed a portfolio that includes investments in CNH, Stellantis, Iveco Group and Ferrari. CNH did not enter into any significant transactions with EXOR during the three months ended March 31, 2026 or 2025.
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 Agreement: CNH and Iveco Group are parties to a 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 Consolidated Statements 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, compressed natural gas ("CNG") and liquid natural gas ("LNG") engines and provide
post-sale services. Costs related to engines purchased through this agreement are presented as "Cost of goods sold" on the Consolidated Statements 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"), where-by 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 Consolidated Statements of Operations.
The following tables include transactions entered into with Iveco Group for the periods presented (in millions of dollars):
Three Months Ended March 31,
20262025
Net revenues$28 $27 
Purchases$153 $147 
March 31, 2026December 31, 2025
Trade receivables$38 $32 
Financial receivables from Iveco Group$192 $195 
Trade payables$133 $264 
Financial payables to Iveco Group$40 $91 
Transactions with Unconsolidated Affiliates
CNH sells agricultural and construction equipment and provides technical services to unconsolidated affiliates such as CNH de Mexico S.A. de C.V., TürkTraktör ve Ziraat Makineleri A.S. and New Holland HFT Japan Inc. CNH also purchases equipment from unconsolidated affiliates, such as TürkTraktör ve Ziraat Makineleri A.S.
The following tables include related party transactions entered into for the periods presented (in millions of dollars):
Three Months Ended March 31,
20262025
Net sales$69 $76 
Purchases$125 $90 
March 31, 2026December 31, 2025
Trade receivables$5 $6 
Trade payables$54 $42 
At March 31, 2026 and December 31, 2025, CNH had pledged guarantees and commitments on the debt or commitments of third parties and performance guarantees in the interest of its associated company for the amounts of $112 million and $118 million, respectively, related to CNH Industrial Capital Europe S.a.S.
v3.26.1
SUBSEQUENT EVENTS
 3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
On April 20, 2026, CNH acquired a 30% equity interest in Abilene Machine LLC, a U.S.-based wholesale distributor of new, used, and remanufactured after-market agriculture equipment parts.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
NEW ACCOUNTING PRONOUNCEMENTS (Policies)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
New Accounting Pronouncements
Not Yet Adopted
Expense Disaggregation Disclosures
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) to improve the disclosures about a public business entity’s expenses and provide more detailed information about the types of expenses included in certain expense captions in the Consolidated Financial Statements. The amendments in this update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. The Company is evaluating the impact this guidance will have on the disclosures in the consolidated financial statements and related disclosures.
v3.26.1
REVENUE (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Segment and Source
The following table summarizes revenues for the three months ended March 31, 2026 and 2025 (in millions of dollars):
Three Months Ended March 31,
20262025
Agriculture$2,596 $2,581 
Construction574 591 
Total Industrial Activities3,170 3,172 
Financial Services646 651 
Eliminations and other10 5 
Total Revenues $3,826 $3,828 
The following table disaggregates revenues by major source for the three months ended March 31, 2026 and 2025 (in millions of dollars):
Three Months Ended March 31,
20262025
Revenues from:
Sales of goods$3,156 $3,163 
Rendering of services and other revenues14 9 
Revenues from sales of goods and services3,170 3,172 
Finance and interest income526 510 
Rents and other income on operating lease130 146 
Finance, interest and other income656 656 
Total Revenues$3,826 $3,828 
v3.26.1
VARIABLE INTEREST ENTITIES (Tables)
 3 Months Ended
Mar. 31, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Assets and Liabilities of Consolidated VIEs
The following table presents certain assets and liabilities of consolidated variable interest entities ("VIEs") included in the Consolidated Balance Sheets. The assets may be used only to settle obligations of the consolidated VIEs, and the liabilities represent third-party liabilities of the consolidated VIEs for which creditors have no recourse to CNH's general credit (in millions of dollars).
March 31, 2026December 31, 2025
Restricted cash$620 $541 
Financing receivables, net9,835 10,248 
Total Assets$10,455 $10,789 
Debt$9,644 $10,025 
Total Liabilities$9,644 $10,025 
v3.26.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted Earnings per share ("EPS") (in millions of dollars and shares, except per share amounts):
Three Months Ended March 31,
20262025
Basic EPS attributable to common shareholders
Net income attributable to CNH Industrial N.V.$7 $131 
Weighted-average common shares outstanding—basic1,241 1,248 
Basic earnings per share$0.01 $0.10 
Diluted EPS attributable to common shareholders
Weighted-average common shares outstanding—basic1,241 1,248 
Dilutive effect of stock compensation plans3 5 
Weighted-average common shares outstanding—diluted(1)
1,244 1,253 
Diluted earnings per share$0.01 $0.10 
(1)For the three months ended March 31, 2026 and 2025, no shares were excluded from the computation of diluted earnings per share as all shares were dilutive.
v3.26.1
EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS (Tables)
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Cost
The following table summarizes the components of Net periodic benefit cost (income) of defined benefit pension plans and postretirement health and life insurance plans for the three months ended March 31, 2026 and 2025 (in millions of dollars):
Pension Healthcare Other
Three Months Ended March 31,Three Months Ended March 31,Three Months Ended March 31,
202620252026202520262025
Service cost$2 $2 $— $1 $1 $1 
Interest cost13 13 2 2 1 1 
Expected return on assets(15)(12)— (1)— — 
Amortization of:
Prior service credit— — — (5)— — 
Actuarial loss (gain)5 5 — 1 (2)(1)
Net periodic benefit cost (income)$5 $8 $2 $(2)$— $1 
v3.26.1
SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information by Segment
The following tables include reported segment revenue and income, significant segment expenses and other segment items considered in the calculation of Adjusted EBIT for Industrial Activities and Income before income taxes for Financial Services for the three months ended March 31, 2026 and 2025 (in millions of dollars):
Three Months Ended March 31, 2026
AgricultureConstructionFinancial ServicesTotal
Net sales $2,596 $574 $— 
Finance, interest and other income (Financial Services)— — 646 
Total Revenues 2,596 574 646 
Cost of goods sold (2,099)(506)— 
Selling, general and administrative expenses(1)
(263)(69)(108)
Research and development expenses(205)(27)— 
Interest expense (Financial Services) — — (332)
Other, net (Financial Services) — — (109)
Equity in income of joint ventures (2)— 3 
Adjusted EBIT [A]
27 (28)n/a
Income before income taxes [B]
n/an/a100 
Segment profit (loss) [C=A+B]
$99 
Interest expenses, net (excluding Financial Services)$(23)
Restructuring expenses (Industrial Activities)(4)
Foreign exchange losses, net (Industrial Activities)(2)
Finance and non-service component of Pension and other postemployment benefit costs (Industrial Activities)(4)
Unallocated amounts(44)
Discrete items excluded from segments(8)
Income tax expense(4)
Net income$10 
Three Months Ended March 31, 2025
AgricultureConstructionFinancial ServicesTotal
Net sales $2,581 $591 $— 
Finance, interest and other income (Financial Services)— — 651 
Total Revenues 2,581 591 651 
Cost of goods sold (2,066)(503)— 
Selling, general and administrative expenses(1)
(225)(53)(81)
Research and development expenses(163)(21)— 
Interest expense (Financial Services) — — (332)
Other, net (Financial Services) — — (125)
Equity in income of joint ventures 12 — 5 
Adjusted EBIT [A]
139 14 n/a
Income before income taxes [B]
n/an/a118 
Segment profit [C=A+B]
$271 
Interest expenses, net (excluding Financial Services)$(25)
Restructuring expenses (Industrial Activities)(6)
Foreign exchange losses, net (Industrial Activities)(5)
Finance and non-service component of Pension and other postemployment benefit costs (Industrial Activities)(4)
Unallocated amounts(52)
Income tax expense(47)
Net income$132 
(1)For the three months ended March 31, 2026 and 2025, this item included risk costs for the Financial Services segment of $74 million and $50 million, respectively.
Schedule of Operating Segment Information
The following tables summarize additional operating segment information (in millions of dollars):
Three Months Ended March 31,
20262025
Revenues
Agriculture$2,596 $2,581 
Construction574 591 
Net sales3,170 3,172 
Financial Services646 651 
Eliminations and other10 5 
Total Revenues$3,826 $3,828 
Depreciation and amortization(1)
Agriculture$100 $88 
Construction14 13 
Other activities and adjustments1 — 
Depreciation and amortization of Industrial Activities 115 101 
Financial Services1 1 
Total Depreciation and amortization$116 $102 
Expenditures for long-lived assets(2)
Agriculture$85 $92 
Construction7 11 
Expenditures for long-lived assets of Industrial Activities92 103 
Financial Services1 3 
Total Expenditures for long-lived assets$93 $106 
(1)Excluding equipment under operating leases.
(2)Excluding equipment under operating leases and related right-of-use assets.
March 31, 2026December 31, 2025
Inventories
Agriculture$4,057 $3,635 
Construction1,097 928 
Financial Services80 88 
Total Inventories, net
$5,234 $4,651 
Equity Method Investments
Agriculture$252 $255 
Financial Services146 146 
Total Equity Method Investments$398 $401 
v3.26.1
RECEIVABLES (Tables)
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Schedule of Financing Receivables
A summary of financing receivables as of March 31, 2026 and December 31, 2025 is as follows (in millions of dollars):
March 31, 2026December 31, 2025
Retail$14,405 $14,616 
Wholesale8,153 8,437 
Other71 52 
Total$22,629 $23,105 
Schedule of Carrying Amount of Restricted Assets At March 31, 2026 and December 31, 2025, the carrying amount of such restricted assets included in financing receivables are the following (in millions of dollars):
March 31, 2026December 31, 2025
Retail$7,699 $8,041 
Wholesale4,994 5,053 
Total$12,693 $13,094 
Schedule of Allowance for Credit Loss Activity
Allowance for credit losses activity for the three months ended March 31, 2026 and 2025 is as follows (in millions of dollars):
Three Months Ended March 31, 2026
RetailWholesale
Balance at beginning of period$518 $54 
Provision77 (3)
Charge-offs(39)— 
Recoveries6 — 
Foreign currency translation and other18 1 
Balance at end of period$580 $52 
Three Months Ended March 31, 2025
RetailWholesale
Balance at beginning of period$376 $48 
Provision50 — 
Charge-offs(29)— 
Recoveries3 — 
Foreign currency translation and other20 1 
Balance at end of period$420 $49 
Schedule of Aging of Financing Receivables and Charge Offs
The aging of financing receivables and gross charge-offs by vintage, net of allowance for credit losses, as of March 31, 2026 is as follows (in millions of dollars), with gross charge‑offs representing amounts written off during the three months ended March 31, 2026.
Current31-60 Days
Past Due		61-90 Days Past DueTotal
Performing		Non-
Performing		TotalGross Charge-offs
Retail
North America
2026$1,072 $2 $1,074 $2 
20253,655 6 3,661 3 
20242,229 10 2,239 6 
20231,165 8 1,173 4 
2022608 4 612 2 
Prior to 2022333 3 336 1 
Total8,999 61 2 9,062 33 9,095 18 
South America
2026219 — 219 — 
20251,001 9 1,010 — 
20241,008 60 1,068 — 
2023831 72 903 8 
2022332 34 366 9 
Prior to 2022237 15 252 3 
Total3,531 62 35 3,628 190 3,818 20 
Asia Pacific
2026143 — 143 — 
2025575 — 575 — 
2024367 1 368 — 
2023230 1 231 1 
2022124 1 125 — 
Prior to 202236 — 36 — 
Total1,459 9 7 1,475 3 1,478 1 
Europe, Middle East and Africa ("EMEA")4 — — 4 10 14 — 
Total Retail$13,993 $132 $44 $14,169 $236 $14,405 $39 
Wholesale
North America$4,232 $— $— $4,232 $1 $4,233 $— 
South America1,048 11 2 1,061 — 1,061 — 
Asia Pacific836 3 1 840 — 840 — 
EMEA2,005 13 1 2,019 — 2,019 — 
Total Wholesale$8,121 $27 $4 $8,152 $1 $8,153 $— 
The aging of financing receivables and gross charge-offs by vintage, net of allowance for credit losses, as of December 31, 2025 is as follows (in millions of dollars), with gross charge‑offs representing amounts written off during the year ended December 31, 2025.
Current31-60 Days
Past Due		61-90 Days
Past Due		Total
Performing		Non-
Performing		TotalGross Charge-offs
Retail
North America
2025$4,270 $9 $4,279 $7 
20242,549 15 2,564 17 
20231,343 9 1,352 23 
2022729 5 734 10 
2021374 2 376 3 
Prior to 202172 2 74 4 
Total9,274 60 3 9,337 42 9,379 64 
South America
20251,031 4 1,035 13 
20241,017 54 1,071 53 
2023826 84 910 70 
2022331 41 372 20 
2021159 12 171 4 
Prior to 202176 5 81 3 
Total3,368 42 30 3,440 200 3,640 163 
Asia Pacific
2025641 — 641 — 
2024426 1 427 — 
2023277 1 278 — 
2022164 — 164 — 
202160 — 60 1 
Prior to 202112 — 12 1 
Total1,574 3 3 1,580 2 1,582 2 
EMEA4004 11 15 — 
Total Retail$14,220 $105 $36 $14,361 $255 $14,616 $229 
Wholesale
North America$4,142 $— $— $4,142 $17 $4,159 $— 
South America1,251 3 — 1,254 — 1,254 — 
Asia Pacific877 2 2 881 1 882 1 
EMEA2,133 6 3 2,142 — 2,142 3 
Total Wholesale$8,403 $11 $5 $8,419 $18 $8,437 $4 
v3.26.1
INVENTORIES (Tables)
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories as of March 31, 2026 and December 31, 2025 consist of the following (in millions of dollars):
March 31, 2026December 31, 2025
Raw materials$1,339 $1,297 
Work-in-process606 430 
Finished goods3,289 2,924 
Total inventories, net$5,234 $4,651 
v3.26.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Weighted-average Remaining Lease Term
The weighted-average remaining lease term (calculated on the basis of the remaining lease term and the lease liability balance for each lease) was as follows (in millions of dollars, except as noted):
March 31, 2026March 31, 2025
Right-of-use assets$283 $277 
Lease liability$288 $284 
Weighted-average remaining lease term (Year)
4.65.0
Weighted-average discount rate (%)
4.3%
4.6%
Schedule of Equipment Subject to Operating Leases
A summary of equipment under operating leases as of March 31, 2026 and December 31, 2025 is as follows (in millions of dollars):
March 31, 2026December 31, 2025
Equipment under operating leases
$1,976 $1,963 
Accumulated depreciation and other changes(381)(372)
Net equipment under operating leases
$1,595 $1,591 
Schedule of Undiscounted Lease Payments to be Received
The following table presents a maturity analysis of operating lease payments, showing the undiscounted lease payments to be received after the reporting date (in millions of dollars):
Amount
2026
$160 
2027
161 
202884 
202938 
203014 
2031 and thereafter
1 
Total undiscounted lease payments$458 
v3.26.1
INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Tables)
 3 Months Ended
Mar. 31, 2026
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investments in Unconsolidated Affiliates
A summary of investments in unconsolidated affiliates as of March 31, 2026 and December 31, 2025 is as follows (in millions of dollars):
March 31, 2026December 31, 2025
Equity method$398 $401 
Other investments, at carrying value29 36 
Total$427 $437 
v3.26.1
GOODWILL AND OTHER INTANGIBLES (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
Changes in the carrying amount of goodwill for the three months ended March 31, 2026 were as follows (in millions of dollars):
AgricultureConstructionFinancial
Services		Total
Balance at December 31, 2025$3,427 $50 $140 $3,617 
Foreign currency translation and other(5)(1)(1)(7)
Balance at March 31, 2026
$3,422 $49 $139 $3,610 
Schedule of Other Intangible Assets and Related Accumulated Amortization
As of March 31, 2026 and December 31, 2025, the Company's other intangible assets and related accumulated amortization consisted of the following (in millions of dollars):
March 31, 2026December 31, 2025
GrossAccumulated
Amortization		NetGrossAccumulated
Amortization		Net
Other intangible assets subject to amortization:
Dealer networks$217 $204 $13 $217 $204 $13 
Patents, concessions, licenses and other938 615 323 943 607 336 
Capitalized software1,414 1,127 287 1,394 1,107 287 
2,569 1,946 623 2,554 1,918 636 
Other intangible assets not subject to
amortization:
In-process research and development32 — 32 31 — 31 
Software in-progress141 — 141 147 — 147 
Trademarks272 — 272 272 — 272 
Total other intangible assets$3,014 $1,946 $1,068 $3,004 $1,918 $1,086 
v3.26.1
DEBT (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Debt
A summary of issued bonds outstanding as of March 31, 2026 is as follows (in millions of dollars, except percentages):
CurrencyFace value of outstanding bondsIssue DateCouponMaturityOutstanding amount
Industrial Activities
Euro Medium Term Notes:
CNH Industrial Finance Europe S.A.(1)
EUR600March 25, 20191.750%March 25, 2027$689 
CNH Industrial Finance Europe S.A.(1)
EUR50April 21, 20163.875%April 21, 202858 
CNH Industrial Finance Europe S.A.(1)
EUR500July 3, 20191.625%July 3, 2029575 
CNH Industrial Finance Europe S.A.(1)
EUR50July 15, 20192.200%July 15, 203958 
CNH Industrial N.V.(2)
EUR750June 11, 20243.750%June 11, 2031862
CNH Industrial N.V.(2)
EUR500November 26, 20253.625%January 26, 2033575 
CNH Industrial N.V.(2)
EUR500September 3, 20253.875%September 3, 2035575
Other Bonds:
CNH Industrial N.V.(3)
USD500November 14, 20173.850%November 15, 2027500 
Hedging effects, bond premium/discount, and unamortized issuance costs(55)
Total Industrial Activities $3,837 
Financial Services
CNH Industrial Capital LLCUSD600May 24, 20211.450%July 15, 2026$600 
CNH Industrial Capital LLCUSD500October 9, 20244.500%October 8, 2027500 
CNH Industrial Capital LLCUSD500March 21, 20254.750%March 21, 2028500 
CNH Industrial Capital LLCUSD600April 10, 20234.550%April 10, 2028600 
CNH Industrial Capital LLCUSD500September 13, 20235.500%January 12, 2029500 
CNH Industrial Capital LLCUSD600March 21, 20245.100%April 20, 2029600 
CNH Industrial Capital LLCUSD500September 29, 20254.500%October 16, 2030500 
CNH Industrial Capital LLCUSD500January 8, 20264.375%March 7, 2031500 
CNH Industrial Capital Australia Pty Ltd.(4)
AUD7752023/2025
4.700%
5.800%
2026/2028534 
CNH Industrial Capital Canada LtdCAD400August 11, 20235.500%August 11, 2026287 
CNH Industrial Capital Canada LtdCAD400March 25, 20244.800%March 25, 2027287 
CNH Industrial Capital Canada LtdCAD300October 10, 20244.000%April 11, 2028215 
CNH Industrial Capital Canada LtdCAD500June 5, 20253.750%June 5, 2029359 
CNH Industrial Capital Argentina S.A.(5)
USD1562024/2026
6.000%
8.250%
2026/2029156 
Banco CNH Industrial Capital S.A.(6)
BRL3,6502021/2025
12.160%
18.320%
2026/2032698 
Hedging effects, bond premium/discount, and unamortized issuance costs(19)
Total Financial Services$6,817 
(1)Bond listed on the regulated market of Euronext Dublin.
(2)Bond listed on the Global Exchange Market of Euronext Dublin.
(3)Bond listed on the New York Stock Exchange.
(4)Comprised of 4 bonds issued that range in coupon rates of 4.700% and 5.800% and mature between July 13, 2026 and June 20, 2028.
(5)Comprised of 5 bonds issued that range in coupon rates of 6.000% and 8.250% and mature between November 12, 2026 and February 9, 2029.
(6)Comprised of 22 bonds issued that range in coupon rates of 12.160% and 18.320% and mature between May 9, 2026 and December 22, 2032.
A summary of total debt as of March 31, 2026 and December 31, 2025 is as follows (in millions of dollars):
March 31, 2026December 31, 2025
Industrial ActivitiesFinancial ServicesConsolidatedIndustrial ActivitiesFinancial ServicesConsolidated
Total bonds$3,837 $6,817 $10,654 $3,917 $6,802 $10,719 
Asset-backed debt— 10,751 10,751 — 11,294 11,294 
Other debt184 4,315 4,499 187 4,562 4,749 
Intersegment debt232 265 — 281 203 — 
Total Debt4,253 22,148 25,904 4,385 22,861 26,762 
Financial payables to Iveco Group N.V.1 39 40 3 88 91 
Total Debt (including Financial payables to Iveco Group N.V.)$4,254 $22,187 $25,944 $4,388 $22,949 $26,853 
v3.26.1
OTHER LIABILITIES (Tables)
 3 Months Ended
Mar. 31, 2026
Other Liabilities Disclosure [Abstract]  
Schedule of Other Liabilities
A summary of "Other liabilities" as of March 31, 2026 and December 31, 2025 is as follows (in millions of dollars):
March 31, 2026December 31, 2025
Marketing and sales incentive programs$1,821 $1,930 
Accrued expenses and deferred income975 843 
Warranty and campaign programs631 641 
Legal reserves and other provisions421 419 
Accrued employee benefits404 459 
Lease liabilities288 272 
Tax payables272 323 
Contract liabilities
128 122 
Restructuring reserves15 15 
Other330 318 
Total$5,285 $5,342 
Schedule of Basic Warranty and Accruals for Campaign Programs A summary of basic warranty campaign program accrual changes for the three months ended March 31, 2026 and 2025, are as follows (in millions of dollars):
Three Months Ended March 31,
20262025
Balance at beginning of period$641 $633 
Current year additions112 153 
Claims paid(119)(133)
Currency translation adjustment and other(3)13 
Balance at end of period$631 $666 
v3.26.1
FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Gross Impact of Changes in Fair Value of Derivatives Designated as Cash Flow Hedges on AOCI and Net Income
The following table summarizes the gross impact of changes in the fair value of derivatives designated as cash flow hedges recognized in "Accumulated other comprehensive loss" and "Net income" during the three months ended March 31, 2026 and 2025 (in millions of dollars):
Recognized in Net income
For the Three Months Ended March 31,
Gain (Loss)
Recognized in Accumulated other comprehensive loss
Classification of Gain (Loss)
Gain (Loss) Reclassified from Accumulated other comprehensive loss
2026
Foreign exchange contracts$(53)
Net sales— 
Cost of goods sold(2)
Other, net— 
Interest rate contracts16 Interest expense11 
Total$(37)
Total net gain
$9 
2025
Foreign exchange contracts$(9)
Net sales(2)
Cost of goods sold(8)
Other, net(4)
Interest rate contracts(13)Interest expense3 
Total$(22)
Total net loss
$(11)
Schedule 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 loss" related to the derivatives held by the Company during the three months ended March 31, 2026 and 2025 (in millions of dollars):
Before-Tax AmountIncome TaxAfter-Tax Amount
Accumulated derivative net income at December 31, 2025$44 $(17)$27 
Net changes in fair value of derivatives(37)— (37)
Net gain reclassified from accumulated other comprehensive loss into income
(9)9 — 
Accumulated derivative net loss at March 31, 2026
$(2)$(8)$(10)
Accumulated derivative net income at December 31, 2024$115 $(43)$72 
Net changes in fair value of derivatives(22)5 (17)
Net loss reclassified from accumulated other comprehensive loss into income
11 (1)10 
Accumulated derivative net income at March 31, 2025$104 $(39)$65 
The following table summarizes the impact related to changes in the fair value of fair value hedges and derivatives not designated as hedging instruments had on earnings during the three months ended March 31, 2026 and 2025 (in millions of dollars):
For the Three Months Ended March 31,
Classification of Gain (Loss)
20262025
Fair Value Hedges
Interest rate derivativesInterest expense$(3)$26 
Not Designated as Hedges
Foreign exchange contractsOther, net$(53)$11 
Schedule of Fair Value of Derivatives
The fair values of CNH's derivatives as of March 31, 2026 and December 31, 2025 in the Consolidated Balance Sheets are recorded as follows (in millions of dollars):
March 31, 2026December 31, 2025
Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Derivatives designated as hedging instruments
Foreign currency contractsDerivative assets$18 Derivative assets$23 
Interest rate contractsDerivative assets116 Derivative assets101 
Total derivative assets $134 $124 
Foreign currency contractsDerivative liabilities$58 Derivative liabilities$30 
Interest rate contractsDerivative liabilities48 Derivative liabilities42 
Total derivative liabilities $106 $72 
Derivatives not designated as hedging instruments
Foreign currency contractsDerivative assets$12 Derivative assets$7 
Interest rate contractsDerivative assets16 Derivative assets11 
Total derivative assets $28 $18 
Foreign currency contractsDerivative liabilities$18 Derivative liabilities$14 
Interest rate contractsDerivative liabilities17 Derivative liabilities11 
Total derivative liabilities$35 $25 
Schedule of Investments Measured on Recurring Basis
The following table presents for each of the fair value hierarchy levels the Company's assets and liabilities that are measured at fair value on a recurring basis at March 31, 2026 and December 31, 2025 (in millions of dollars):
Level 1Level 2Total
March 31,
2026		December 31, 2025March 31,
2026		December 31, 2025March 31,
2026		December 31, 2025
Assets
Foreign exchange derivatives$— $— $30 $30 $30 $30 
Interest rate derivatives— — 132 112 132 112 
Total Assets$— $— $162 $142 $162 $142 
Liabilities
Foreign exchange derivatives$— $— $76 $44 $76 $44 
Interest rate derivatives— — 65 53 65 53 
Total Liabilities$— $— $141 $97 $141 $97 
Schedule 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 March 31, 2026, and December 31, 2025, were as follows (in millions of dollars):
March 31, 2026December 31, 2025
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Financing receivables, net$22,629 $22,554 $23,105 $23,073 
Debt$25,904 $26,461 $26,762 $27,339 
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Tax Effects on Components of Other Comprehensive Income (Loss)
The tax effect for each component of other comprehensive income (loss) for the three months ended March 31, 2026 and 2025 consisted of the following (in millions of dollars):
Three Months Ended March 31, 2026
Gross
Amount		Income
Taxes		Net
Amount
Unrealized loss on cash flow hedges$(46)$9 $(37)
Changes in retirement plans' funded status3 — 3 
Foreign currency translation103 — 103 
Share of other comprehensive loss of entities using the equity method(5)— (5)
Other comprehensive income$55 $9 $64 
Three Months Ended March 31, 2025
Gross
Amount		Income
Taxes		Net
Amount
Unrealized loss on cash flow hedges$(11)$4 $(7)
Changes in retirement plans' funded status(3)1 (2)
Foreign currency translation59 — 59 
Share of other comprehensive income of entities using the equity method10 — 10 
Other comprehensive income$55 $5 $60 
Schedule of Changes in Other Comprehensive Income (Loss)
The changes, net of tax, in each component of "Accumulated other comprehensive income (loss)" in the three months ended March 31, 2026 and 2025 consisted of the following (in millions of dollars):
Unrealized
Gains (Loss) on
Cash Flow
Hedges		Change in
Retirement Plans'
Funded Status		Foreign Currency
Translation		Share of Other
Comprehensive
Income (Loss) of
Entities Using
the Equity
Method		Total
Balance at December 31, 2025$27 $(315)$(2,236)$(243)$(2,767)
Other comprehensive income (loss), before reclassifications(37)— 104 (5)62 
Amounts reclassified from comprehensive income— 3 — — 3 
Other comprehensive income (loss)(1)
(37)3 104 (5)65 
Balance at March 31, 2026$(10)$(312)$(2,132)$(248)$(2,702)
Balance at December 31, 2024$72 $(348)$(2,170)$(266)$(2,712)
Other comprehensive income (loss), before reclassifications(17)(2)56 10 47 
Amounts reclassified from comprehensive income10 — — — 10 
Other comprehensive income (loss)(1)
(7)(2)56 10 57 
Balance at March 31, 2025$65 $(350)$(2,114)$(256)$(2,655)
(1)Excluded from the table above is other comprehensive income (loss) allocated to noncontrolling interests of $(1) million and $3 million for the three months ended March 31, 2026 and 2025, respectively.
v3.26.1
RELATED PARTY INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
The following tables include transactions entered into with Iveco Group for the periods presented (in millions of dollars):
Three Months Ended March 31,
20262025
Net revenues$28 $27 
Purchases$153 $147 
March 31, 2026December 31, 2025
Trade receivables$38 $32 
Financial receivables from Iveco Group$192 $195 
Trade payables$133 $264 
Financial payables to Iveco Group$40 $91 
The following tables include related party transactions entered into for the periods presented (in millions of dollars):
Three Months Ended March 31,
20262025
Net sales$69 $76 
Purchases$125 $90 
March 31, 2026December 31, 2025
Trade receivables$5 $6 
Trade payables$54 $42 
v3.26.1
REVENUE - Net Revenues (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue [Line Items]    
Net sales $ 3,170 $ 3,172
Total Revenues 3,826 3,828
Total Industrial Activities    
Disaggregation of Revenue [Line Items]    
Net sales 3,170 3,172
Financial Services    
Disaggregation of Revenue [Line Items]    
Net sales 0 0
Total Revenues 646 651
Operating segments    
Disaggregation of Revenue [Line Items]    
Net sales 3,170 3,172
Operating segments | Financial Services    
Disaggregation of Revenue [Line Items]    
Revenue not from sales of goods and services 646 651
Total Revenues 646 651
Operating segments | Agriculture    
Disaggregation of Revenue [Line Items]    
Net sales 2,596 2,581
Operating segments | Construction    
Disaggregation of Revenue [Line Items]    
Net sales 574 591
Eliminations and other    
Disaggregation of Revenue [Line Items]    
Total Revenues 10 5
Eliminations and other | Eliminations and other    
Disaggregation of Revenue [Line Items]    
Revenue not from sales of goods and services $ 10 $ 5
v3.26.1
REVENUE - Disaggregation of Net Revenues by Major Source (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue [Line Items]    
Revenues from sales of goods and services $ 3,170 $ 3,172
Finance and interest income 526 510
Rents and other income on operating lease 130 146
Finance, interest and other income 656 656
Total Revenues 3,826 3,828
Sales of goods    
Disaggregation of Revenue [Line Items]    
Revenues from sales of goods and services 3,156 3,163
Rendering of services and other revenues    
Disaggregation of Revenue [Line Items]    
Revenues from sales of goods and services $ 14 $ 9
v3.26.1
REVENUE - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Contract liabilities $ 128   $ 122
Revenues relating to contract liabilities outstanding 10 $ 3  
Transaction price allocated to remaining performance obligations $ 128   $ 122
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Revenue over the remaining lives of the contracts     12 months
Revenue over the remaining lives of the contracts, period two     36 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01      
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]      
Percentage of revenue recognized on remaining performance obligation 27.00%   27.00%
Percentage of revenue recognized on remaining performance obligation, period two 81.00%   81.00%
Revenue over the remaining lives of the contracts 12 months    
Revenue over the remaining lives of the contracts, period two 36 months    
v3.26.1
VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Variable Interest Entity [Line Items]    
Restricted cash $ 735 $ 651
Financing receivables, net 22,629 23,105
Total Assets 42,038 42,747
Debt 25,904 26,762
Total Liabilities 34,170 34,922
Unconsolidated Subsidiaries and Affiliates    
Variable Interest Entity [Line Items]    
Restricted cash 620 541
Financing receivables, net 9,835 10,248
Total Assets 10,455 10,789
Debt 9,644 10,025
Total Liabilities $ 9,644 $ 10,025
v3.26.1
EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Basic EPS attributable to common shareholders    
Net income attributable to CNH Industrial N.V. $ 7 $ 131
Weighted average common shares outstanding—basic (in shares) 1,241,000,000 1,248,000,000
Basic earnings per share (in usd per share) $ 0.01 $ 0.10
Diluted EPS attributable to common shareholders    
Dilutive effect of stock compensation plans (in shares) 3,000,000 5,000,000
Weighted average common shares outstanding—diluted (in shares) 1,244,000,000 1,253,000,000
Diluted earnings per share (in usd per share) $ 0.01 $ 0.10
Antidilutive securities excluded from EPS computation (in shares) 0 0
v3.26.1
EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Pension    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Service cost $ 2 $ 2
Interest cost 13 13
Expected return on assets (15) (12)
Amortization of:    
Prior service credit 0 0
Actuarial loss (gain) 5 5
Net periodic benefit cost (income) 5 8
Healthcare    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Service cost 0 1
Interest cost 2 2
Expected return on assets 0 (1)
Amortization of:    
Prior service credit 0 (5)
Actuarial loss (gain) 0 1
Net periodic benefit cost (income) 2 (2)
Other    
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]    
Service cost 1 1
Interest cost 1 1
Expected return on assets 0 0
Amortization of:    
Prior service credit 0 0
Actuarial loss (gain) (2) (1)
Net periodic benefit cost (income) $ 0 $ 1
v3.26.1
INCOME TAXES (Details)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Tax Disclosure [Abstract]    
Effective tax rate 30.80% 29.00%
v3.26.1
SEGMENT REPORTING - Narrative (Details)
 3 Months Ended
Mar. 31, 2026
segment
Segment Reporting [Abstract]  
Number of reportable segments 3
Number of operating segments 3
v3.26.1
SEGMENT REPORTING - Adjusted EBIT for Industrial Activities Segments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Net sales $ 3,170 $ 3,172
Finance, interest and other income (Financial Services) 656 656
Total Revenues 3,826 3,828
Cost of goods sold (2,605) (2,569)
Selling, general and administrative expenses (465) (386)
Research and development expenses (232) (184)
Interest expense (Financial Services) (365) (362)
Equity in income of joint ventures 1 17
Segment profit (loss) [C=A+B] 99 271
Interest expenses, net (excluding Financial Services) (23) (25)
Restructuring expenses (Industrial Activities) (4) (6)
Foreign exchange losses, net (Industrial Activities) (2) (5)
Finance and non-service component of Pension and other postemployment benefit costs (Industrial Activities) (4) (4)
Unallocated amounts (44) (52)
Discrete items excluded from segments (8)  
Income tax expense (4) (47)
Net income 10 132
Agriculture    
Segment Reporting Information [Line Items]    
Net sales 2,596 2,581
Finance, interest and other income (Financial Services) 0 0
Total Revenues 2,596 2,581
Cost of goods sold (2,099) (2,066)
Selling, general and administrative expenses (263) (225)
Research and development expenses (205) (163)
Equity in income of joint ventures (2) 12
Adjusted EBIT [A] 27 139
Construction    
Segment Reporting Information [Line Items]    
Net sales 574 591
Finance, interest and other income (Financial Services) 0 0
Total Revenues 574 591
Cost of goods sold (506) (503)
Selling, general and administrative expenses (69) (53)
Research and development expenses (27) (21)
Equity in income of joint ventures 0 0
Adjusted EBIT [A] (28) 14
Financial Services    
Segment Reporting Information [Line Items]    
Net sales 0 0
Finance, interest and other income (Financial Services) 646 651
Total Revenues 646 651
Cost of goods sold 0 0
Selling, general and administrative expenses (108) (81)
Research and development expenses 0 0
Interest expense (Financial Services) (332) (332)
Other, net (Financial Services) (109) (125)
Equity in income of joint ventures 3 5
Income before income taxes [B] 100 118
Risk cost 74 50
Restructuring expenses (Industrial Activities)    
Segment Reporting Information [Line Items]    
Restructuring expenses (Industrial Activities) $ (4) $ (6)
v3.26.1
SEGMENT REPORTING - Revenue from Operating Segments (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Segment Reporting Information [Line Items]      
Net sales $ 3,170 $ 3,172  
Total Revenues 3,826 3,828  
Depreciation and amortization 116 102  
Expenditures for long-lived assets 93 106  
Inventories, net 5,234   $ 4,651
Equity Method Investments 398   401
Operating segments      
Segment Reporting Information [Line Items]      
Net sales 3,170 3,172  
Eliminations and other      
Segment Reporting Information [Line Items]      
Total Revenues 10 5  
Industrial Activities Segment      
Segment Reporting Information [Line Items]      
Depreciation and amortization 115 101  
Expenditures for long-lived assets 92 103  
Industrial Activities Segment | Other activities and adjustments      
Segment Reporting Information [Line Items]      
Depreciation and amortization 1 0  
Agriculture      
Segment Reporting Information [Line Items]      
Depreciation and amortization 100 88  
Expenditures for long-lived assets 85 92  
Inventories, net 4,057   3,635
Equity Method Investments 252   255
Agriculture | Operating segments      
Segment Reporting Information [Line Items]      
Net sales 2,596 2,581  
Construction      
Segment Reporting Information [Line Items]      
Depreciation and amortization 14 13  
Expenditures for long-lived assets 7 11  
Inventories, net 1,097   928
Construction | Operating segments      
Segment Reporting Information [Line Items]      
Net sales 574 591  
Financial Services      
Segment Reporting Information [Line Items]      
Net sales 0 0  
Total Revenues 646 651  
Depreciation and amortization 1 1  
Expenditures for long-lived assets 1 3  
Inventories, net 80   88
Equity Method Investments 146   $ 146
Financial Services | Operating segments      
Segment Reporting Information [Line Items]      
Total Revenues $ 646 $ 651  
v3.26.1
RECEIVABLES - Financing Receivables (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, net $ 22,629 $ 23,105
Retail    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, net 14,405 14,616
Wholesale    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, net 8,153 8,437
Other    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, net $ 71 $ 52
v3.26.1
RECEIVABLES - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Unearned finance income and unamortized deferred fees $ 668 $ 722    
Allowance for credit losses $ 632 572    
Receivables delinquency period 90 days      
Retail        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Allowance for credit losses $ 580 518 $ 420 $ 376
BRAZIL        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Allowance for credit losses 131      
South America | Retail        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Post-modification value of retail and finance lease receivable contracts 130 126    
South America | Retail | Agriculture        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Post-modification value of retail and finance lease receivable contracts $ 521 $ 513    
v3.26.1
RECEIVABLES - Carrying Amount of Receivables (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]    
Total $ 12,693 $ 13,094
Retail    
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]    
Total 7,699 8,041
Wholesale    
Qualitative and Quantitative Information, Transferor's Continuing Involvement [Line Items]    
Total $ 4,994 $ 5,053
v3.26.1
RECEIVABLES - Allowance for Credit Losses Activity (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Financing Receivable, Allowance for Credit Losses [Roll Forward]    
Balance at beginning of period $ 572  
Balance at end of period 632  
Retail    
Financing Receivable, Allowance for Credit Losses [Roll Forward]    
Balance at beginning of period 518 $ 376
Provision 77 50
Charge-offs (39) (29)
Recoveries 6 3
Foreign currency translation and other 18 20
Balance at end of period 580 420
Wholesale    
Financing Receivable, Allowance for Credit Losses [Roll Forward]    
Balance at beginning of period 54 48
Provision (3) 0
Charge-offs 0 0
Recoveries 0 0
Foreign currency translation and other 1 1
Balance at end of period $ 52 $ 49
v3.26.1
RECEIVABLES - Aging of Financing Receivables And Charge Offs (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Retail    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total $ 14,405 $ 14,616
Gross Charge-offs    
Total 39 229
Retail | Total Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 14,169 14,361
Retail | Non- Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 236 255
Retail | North America    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Current fiscal year 1,074 4,279
Fiscal year before current fiscal year 3,661 2,564
Two years before current fiscal year 2,239 1,352
Three years before current fiscal year 1,173 734
Four years before current fiscal year 612 376
Prior 336 74
Total 9,095 9,379
Gross Charge-offs    
Current fiscal year 2 7
Fiscal year before current fiscal year 3 17
Two years before current fiscal year 6 23
Three years before current fiscal year 4 10
Four years before current fiscal year 2 3
Prior 1 4
Total 18 64
Retail | North America | Total Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Current fiscal year 1,072 4,270
Fiscal year before current fiscal year 3,655 2,549
Two years before current fiscal year 2,229 1,343
Three years before current fiscal year 1,165 729
Four years before current fiscal year 608 374
Prior 333 72
Total 9,062 9,337
Retail | North America | Non- Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Current fiscal year 2 9
Fiscal year before current fiscal year 6 15
Two years before current fiscal year 10 9
Three years before current fiscal year 8 5
Four years before current fiscal year 4 2
Prior 3 2
Total 33 42
Retail | South America    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Current fiscal year 219 1,035
Fiscal year before current fiscal year 1,010 1,071
Two years before current fiscal year 1,068 910
Three years before current fiscal year 903 372
Four years before current fiscal year 366 171
Prior 252 81
Total 3,818 3,640
Gross Charge-offs    
Current fiscal year 0 13
Fiscal year before current fiscal year 0 53
Two years before current fiscal year 0 70
Three years before current fiscal year 8 20
Four years before current fiscal year 9 4
Prior 3 3
Total 20 163
Retail | South America | Total Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Current fiscal year 219 1,031
Fiscal year before current fiscal year 1,001 1,017
Two years before current fiscal year 1,008 826
Three years before current fiscal year 831 331
Four years before current fiscal year 332 159
Prior 237 76
Total 3,628 3,440
Retail | South America | Non- Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Current fiscal year 0 4
Fiscal year before current fiscal year 9 54
Two years before current fiscal year 60 84
Three years before current fiscal year 72 41
Four years before current fiscal year 34 12
Prior 15 5
Total 190 200
Retail | Asia Pacific    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Current fiscal year 143 641
Fiscal year before current fiscal year 575 427
Two years before current fiscal year 368 278
Three years before current fiscal year 231 164
Four years before current fiscal year 125 60
Prior 36 12
Total 1,478 1,582
Gross Charge-offs    
Current fiscal year 0 0
Fiscal year before current fiscal year 0 0
Two years before current fiscal year 0 0
Three years before current fiscal year 1 0
Four years before current fiscal year 0 1
Prior 0 1
Total 1 2
Retail | Asia Pacific | Total Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Current fiscal year 143 641
Fiscal year before current fiscal year 575 426
Two years before current fiscal year 367 277
Three years before current fiscal year 230 164
Four years before current fiscal year 124 60
Prior 36 12
Total 1,475 1,580
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 0 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 3 2
Retail | Europe, Middle East and Africa ("EMEA")    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 14 15
Gross Charge-offs    
Total 0 0
Retail | Europe, Middle East and Africa ("EMEA") | Total Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 4 4
Retail | Europe, Middle East and Africa ("EMEA") | Non- Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 10 11
Retail | Current    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 13,993 14,220
Retail | Current | North America    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 8,999 9,274
Retail | Current | South America    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 3,531 3,368
Retail | Current | Asia Pacific    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 1,459 1,574
Retail | Current | Europe, Middle East and Africa ("EMEA")    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 4 4
Retail | 31-60 Days Past Due    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 132 105
Retail | 31-60 Days Past Due | North America    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 61 60
Retail | 31-60 Days Past Due | South America    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 62 42
Retail | 31-60 Days Past Due | Asia Pacific    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 9 3
Retail | 31-60 Days Past Due | Europe, Middle East and Africa ("EMEA")    
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 44 36
Retail | 61-90 Days Past Due | North America    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 2 3
Retail | 61-90 Days Past Due | South America    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 35 30
Retail | 61-90 Days Past Due | Asia Pacific    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 7 3
Retail | 61-90 Days Past Due | Europe, Middle East and Africa ("EMEA")    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 0 0
Wholesale    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 8,153 8,437
Gross Charge-offs    
Total 0 4
Wholesale | Total Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 8,152 8,419
Wholesale | Non- Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 1 18
Wholesale | North America    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 4,233 4,159
Gross Charge-offs    
Total 0 0
Wholesale | North America | Total Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 4,232 4,142
Wholesale | North America | Non- Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 1 17
Wholesale | South America    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 1,061 1,254
Gross Charge-offs    
Total 0 0
Wholesale | South America | Total Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 1,061 1,254
Wholesale | South America | Non- Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 0 0
Wholesale | Asia Pacific    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 840 882
Gross Charge-offs    
Total 0 1
Wholesale | Asia Pacific | Total Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 840 881
Wholesale | Asia Pacific | Non- Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 0 1
Wholesale | Europe, Middle East and Africa ("EMEA")    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 2,019 2,142
Gross Charge-offs    
Total 0 3
Wholesale | Europe, Middle East and Africa ("EMEA") | Total Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 2,019 2,142
Wholesale | Europe, Middle East and Africa ("EMEA") | Non- Performing    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 0 0
Wholesale | Current    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 8,121 8,403
Wholesale | Current | North America    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 4,232 4,142
Wholesale | Current | South America    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 1,048 1,251
Wholesale | Current | Asia Pacific    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 836 877
Wholesale | Current | Europe, Middle East and Africa ("EMEA")    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 2,005 2,133
Wholesale | 31-60 Days Past Due    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 27 11
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 11 3
Wholesale | 31-60 Days Past Due | Asia Pacific    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 3 2
Wholesale | 31-60 Days Past Due | Europe, Middle East and Africa ("EMEA")    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 13 6
Wholesale | 61-90 Days Past Due    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 4 5
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 2 0
Wholesale | 61-90 Days Past Due | Asia Pacific    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total 1 2
Wholesale | 61-90 Days Past Due | Europe, Middle East and Africa ("EMEA")    
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]    
Total $ 1 $ 3
v3.26.1
INVENTORIES - Schedule of Inventory (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Inventory Disclosure [Abstract]    
Raw materials $ 1,339 $ 1,297
Work-in-process 606 430
Finished goods 3,289 2,924
Total inventories, net $ 5,234 $ 4,651
v3.26.1
INVENTORIES - Narrative (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Inventory Disclosure [Abstract]    
Inventory valuation reserves $ 378 $ 399
v3.26.1
LEASES - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Leases [Abstract]    
Short-term lease expenses $ 1 $ 1
Operating lease expenses 26 25
Leased assets obtained in exchange for operating lease obligations 48 23
Operating cash outflow for amounts included in the measurement of operating lease obligations 29 26
Depreciation expense on equipment $ 49 $ 48
v3.26.1
LEASES - Weighted-average Remaining Lease Term (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Leases [Abstract]      
Right-of-use assets $ 283   $ 277
Lease liabilities $ 288 $ 272 $ 284
Weighted-average remaining lease term (Year) 4 years 7 months 6 days   5 years
Weighted-average discount rate (%) 4.30%   4.60%
v3.26.1
LEASES - Equipment Subject to Operating Leases (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Leases [Abstract]    
Equipment under operating leases $ 1,976 $ 1,963
Accumulated depreciation and other changes (381) (372)
Net equipment under operating leases $ 1,595 $ 1,591
v3.26.1
LEASES - Future Minimum Lease Payments to be Received (Details)
$ in Millions
Mar. 31, 2026
USD ($)
Lessor, Operating Lease, Payments, Fiscal Year Maturity [Abstract]  
2026 $ 160
2027 161
2028 84
2029 38
2030 14
2031 and thereafter 1
Total undiscounted lease payments $ 458
v3.26.1
INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Schedule of Investments in Unconsolidated Affiliates (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]    
Equity method $ 398 $ 401
Other investments, at carrying value 29 36
Total $ 427 $ 437
v3.26.1
INVESTMENTS IN UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES - Narrative (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Equity Method Investments and Joint Ventures [Abstract]  
Investments in unconsolidated affiliates $ 8
v3.26.1
GOODWILL AND OTHER INTANGIBLES - Changes in the Carrying Amount of Goodwill (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Goodwill [Roll Forward]  
Balance at beginning $ 3,617
Foreign currency translation and other (7)
Balance at ending 3,610
Agriculture  
Goodwill [Roll Forward]  
Balance at beginning 3,427
Foreign currency translation and other (5)
Balance at ending 3,422
Construction  
Goodwill [Roll Forward]  
Balance at beginning 50
Foreign currency translation and other (1)
Balance at ending 49
Financial Services  
Goodwill [Roll Forward]  
Balance at beginning 140
Foreign currency translation and other (1)
Balance at ending $ 139
v3.26.1
GOODWILL AND OTHER INTANGIBLES - Other Intangible Assets and Related Accumulated Amortization (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]    
Other intangible assets subject to amortization, gross $ 2,569 $ 2,554
Other intangible assets subject to amortization, accumulated amortization 1,946 1,918
Other intangible assets subject to amortization, net 623 636
Other intangible assets not subject to amortization, gross 3,014 3,004
Other intangible assets not subject to amortization, accumulated amortization 1,946 1,918
Other intangible assets not subject to amortization, net 1,068 1,086
In-process research and development    
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]    
Other intangible assets not subject to amortization, gross 32 31
Other intangible assets not subject to amortization, net 32 31
Software in-progress    
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]    
Other intangible assets not subject to amortization, gross 141 147
Other intangible assets not subject to amortization, net 141 147
Trademarks    
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]    
Other intangible assets not subject to amortization, gross 272 272
Other intangible assets not subject to amortization, net 272 272
Dealer networks    
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]    
Other intangible assets subject to amortization, gross 217 217
Other intangible assets subject to amortization, accumulated amortization 204 204
Other intangible assets subject to amortization, net 13 13
Patents, concessions, licenses and other    
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]    
Other intangible assets subject to amortization, gross 938 943
Other intangible assets subject to amortization, accumulated amortization 615 607
Other intangible assets subject to amortization, net 323 336
Capitalized software    
Schedule Of Indefinite And Finite Lived Intangible Assets [Line Items]    
Other intangible assets subject to amortization, gross 1,414 1,394
Other intangible assets subject to amortization, accumulated amortization 1,127 1,107
Other intangible assets subject to amortization, net $ 287 $ 287
v3.26.1
GOODWILL AND OTHER INTANGIBLES - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]    
Amortization expense $ 45 $ 42
v3.26.1
Debt - Issued Bond Outstanding (Details)
€ in Millions, R$ in Millions, $ in Millions, $ in Millions, $ in Millions
Mar. 31, 2026
USD ($)
bonds
Mar. 31, 2026
EUR (€)
bonds
Mar. 31, 2026
AUD ($)
bonds
Mar. 31, 2026
CAD ($)
bonds
Mar. 31, 2026
BRL (R$)
bonds
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]            
Debt $ 25,904         $ 26,762
Industrial Activities            
Debt Instrument [Line Items]            
Debt 4,253         4,385
Hedging effects, bond premium/discount, and unamortized issuance costs (55)          
Industrial Activities | Total bonds            
Debt Instrument [Line Items]            
Debt 3,837          
Financial Services            
Debt Instrument [Line Items]            
Debt 22,148         $ 22,861
Hedging effects, bond premium/discount, and unamortized issuance costs (19)          
Financial Services | Total bonds            
Debt Instrument [Line Items]            
Debt 6,817          
1.750% Bonds Due March 2027 | Industrial Activities | CNH Industrial Finance Europe S.A. (formerly Fiat Industrial Finance Europe S.A.)            
Debt Instrument [Line Items]            
Debt $ 689 € 600        
Bonds, interest rate 1.75% 1.75% 1.75% 1.75% 1.75%  
3.875% Notes Due April 2028 | Industrial Activities | CNH Industrial Finance Europe S.A. (formerly Fiat Industrial Finance Europe S.A.)            
Debt Instrument [Line Items]            
Debt $ 58 € 50        
Bonds, interest rate 3.875% 3.875% 3.875% 3.875% 3.875%  
1.625% Bonds Due July 2029 | Industrial Activities | CNH Industrial Finance Europe S.A. (formerly Fiat Industrial Finance Europe S.A.)            
Debt Instrument [Line Items]            
Debt $ 575 € 500        
Bonds, interest rate 1.625% 1.625% 1.625% 1.625% 1.625%  
2.200% Bonds Due July 2039 | Industrial Activities | CNH Industrial Finance Europe S.A. (formerly Fiat Industrial Finance Europe S.A.)            
Debt Instrument [Line Items]            
Debt $ 58 € 50        
Bonds, interest rate 2.20% 2.20% 2.20% 2.20% 2.20%  
3.75% Notes Due June 2031 | Industrial Activities | C H N Industrial N V            
Debt Instrument [Line Items]            
Debt $ 862 € 750        
Bonds, interest rate 3.75% 3.75% 3.75% 3.75% 3.75%  
3.625% Notes Due January 2033 | Industrial Activities | C H N Industrial N V            
Debt Instrument [Line Items]            
Debt $ 575 € 500        
Bonds, interest rate 3.625% 3.625% 3.625% 3.625% 3.625%  
3.875% Notes Due September 2035 | Industrial Activities | C H N Industrial N V            
Debt Instrument [Line Items]            
Debt $ 575 € 500        
Bonds, interest rate 3.875% 3.875% 3.875% 3.875% 3.875%  
3.850% Notes Due November 2027 | Industrial Activities | C H N Industrial N V            
Debt Instrument [Line Items]            
Debt $ 500          
Bonds, interest rate 3.85% 3.85% 3.85% 3.85% 3.85%  
1.450% Notes Due July 2026 | Financial Services | CNH Industrial Capital LLC            
Debt Instrument [Line Items]            
Debt $ 600          
Bonds, interest rate 1.45% 1.45% 1.45% 1.45% 1.45%  
4.500% Notes Due October 2027 | Financial Services | CNH Industrial Capital LLC            
Debt Instrument [Line Items]            
Debt $ 500          
Bonds, interest rate 4.50% 4.50% 4.50% 4.50% 4.50%  
4.750% Notes Due March 2028 | Financial Services | CNH Industrial Capital LLC            
Debt Instrument [Line Items]            
Debt $ 500          
Bonds, interest rate 4.75% 4.75% 4.75% 4.75% 4.75%  
4.550% Notes Due April 2028 | Financial Services | CNH Industrial Capital LLC            
Debt Instrument [Line Items]            
Debt $ 600          
Bonds, interest rate 4.55% 4.55% 4.55% 4.55% 4.55%  
5.500% Notes Due January 2029 | Financial Services | CNH Industrial Capital LLC            
Debt Instrument [Line Items]            
Debt $ 500          
Bonds, interest rate 5.50% 5.50% 5.50% 5.50% 5.50%  
5.100% Notes Due April 2029 | Financial Services | CNH Industrial Capital LLC            
Debt Instrument [Line Items]            
Debt $ 600          
Bonds, interest rate 5.10% 5.10% 5.10% 5.10% 5.10%  
4.500% Notes Due October 2030 | Financial Services | CNH Industrial Capital LLC            
Debt Instrument [Line Items]            
Debt $ 500          
Bonds, interest rate 4.50% 4.50% 4.50% 4.50% 4.50%  
4.375% Notes Due March 2031 | Financial Services | CNH Industrial Capital LLC            
Debt Instrument [Line Items]            
Debt $ 500          
Bonds, interest rate 4.375% 4.375% 4.375% 4.375% 4.375%  
Four Notes Due 2026/2028 | Financial Services | CNH Industrial Capital Australia Pty. Limited            
Debt Instrument [Line Items]            
Debt $ 534   $ 775      
Number of bonds | bonds 4 4 4 4 4  
4.700% Notes Due 2026 | Financial Services | CNH Industrial Capital Australia Pty. Limited            
Debt Instrument [Line Items]            
Bonds, interest rate 4.70% 4.70% 4.70% 4.70% 4.70%  
5.800% Notes Due 2027 | Financial Services | CNH Industrial Capital Australia Pty. Limited            
Debt Instrument [Line Items]            
Bonds, interest rate 5.80% 5.80% 5.80% 5.80% 5.80%  
5.500% Notes Due August 2026 | Financial Services | CNH Industrial Capital Canada Ltd            
Debt Instrument [Line Items]            
Debt $ 287     $ 400    
Bonds, interest rate 5.50% 5.50% 5.50% 5.50% 5.50%  
4.800% Notes Due March 2027 | Financial Services | CNH Industrial Capital Canada Ltd            
Debt Instrument [Line Items]            
Debt $ 287     $ 400    
Bonds, interest rate 4.80% 4.80% 4.80% 4.80% 4.80%  
4.000% Notes Due April 2028 | Financial Services | CNH Industrial Capital Canada Ltd            
Debt Instrument [Line Items]            
Debt $ 215     $ 300    
Bonds, interest rate 4.00% 4.00% 4.00% 4.00% 4.00%  
3.750% Notes Due June 2029 | Financial Services | CNH Industrial Capital Canada Ltd            
Debt Instrument [Line Items]            
Debt $ 359     $ 500    
Bonds, interest rate 3.75% 3.75% 3.75% 3.75% 3.75%  
Five Notes Due 2026/2029 | Financial Services | CNH Industrial Capital Argentina S.A.            
Debt Instrument [Line Items]            
Debt $ 156          
Number of bonds | bonds 5 5 5 5 5  
6.000% Notes Due 2026 | Financial Services | CNH Industrial Capital Argentina S.A.            
Debt Instrument [Line Items]            
Bonds, interest rate 6.00% 6.00% 6.00% 6.00% 6.00%  
8.250% Notes Due 2029 | Financial Services | CNH Industrial Capital Argentina S.A.            
Debt Instrument [Line Items]            
Bonds, interest rate 8.25% 8.25% 8.25% 8.25% 8.25%  
Twenty Two Notes Due 2026/2032 | Financial Services | Banco CNH Industrial Capital S.A.            
Debt Instrument [Line Items]            
Debt $ 698       R$ 3,650  
Number of bonds | bonds 22 22 22 22 22  
12.160% Notes Due2026 | Financial Services | Banco CNH Industrial Capital S.A.            
Debt Instrument [Line Items]            
Bonds, interest rate 12.16% 12.16% 12.16% 12.16% 12.16%  
18.630% Notes Due2032 | Financial Services | Banco CNH Industrial Capital S.A.            
Debt Instrument [Line Items]            
Bonds, interest rate 18.32% 18.32% 18.32% 18.32% 18.32%  
v3.26.1
Debt - Summary of Total Debt (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
Total Debt $ 25,904 $ 26,762
Financial payables to Iveco Group N.V. 40 91
Total Debt (including Financial payables to Iveco Group N.V.) 25,944 26,853
Total bonds    
Debt Instrument [Line Items]    
Total Debt 10,654 10,719
Asset-backed debt    
Debt Instrument [Line Items]    
Total Debt 10,751 11,294
Other debt    
Debt Instrument [Line Items]    
Total Debt 4,499 4,749
Intersegment debt    
Debt Instrument [Line Items]    
Total Debt 0 0
Industrial Activities    
Debt Instrument [Line Items]    
Total Debt 4,253 4,385
Financial payables to Iveco Group N.V. 1 3
Total Debt (including Financial payables to Iveco Group N.V.) 4,254 4,388
Industrial Activities | Total bonds    
Debt Instrument [Line Items]    
Total Debt 3,837 3,917
Industrial Activities | Asset-backed debt    
Debt Instrument [Line Items]    
Total Debt 0 0
Industrial Activities | Other debt    
Debt Instrument [Line Items]    
Total Debt 184 187
Industrial Activities | Intersegment debt    
Debt Instrument [Line Items]    
Total Debt 232 281
Financial Services    
Debt Instrument [Line Items]    
Total Debt 22,148 22,861
Financial payables to Iveco Group N.V. 39 88
Total Debt (including Financial payables to Iveco Group N.V.) 22,187 22,949
Financial Services | Total bonds    
Debt Instrument [Line Items]    
Total Debt 6,817 6,802
Financial Services | Asset-backed debt    
Debt Instrument [Line Items]    
Total Debt 10,751 11,294
Financial Services | Other debt    
Debt Instrument [Line Items]    
Total Debt 4,315 4,562
Financial Services | Intersegment debt    
Debt Instrument [Line Items]    
Total Debt $ 265 $ 203
v3.26.1
DEBT - Narrative (Details)
€ in Millions, $ in Millions
 1 Months Ended 3 Months Ended
Apr. 19, 2024
EUR (€)
Mar. 31, 2026
USD ($)
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]        
Increase (decrease) in debt     $ 909  
Unsecured Credit Facilities        
Debt Instrument [Line Items]        
Credit facility   $ 6,400 6,400 $ 6,500
Asset Backed Facilities        
Debt Instrument [Line Items]        
Credit facility   3,400 3,400 3,700
Credit facility utilized amount   $ 3,000 $ 3,000 $ 3,500
Revolving Credit Facility | 2024 Revolving Credit Facility        
Debt Instrument [Line Items]        
Credit facility, term 5 years      
Aggregate principal | € € 3,250      
Revolving Credit Facility | New Credit Facility        
Debt Instrument [Line Items]        
Credit facility, term 5 years      
Revolving Credit Facility | 2025 Revolving Credit Facility        
Debt Instrument [Line Items]        
Credit facility, term   1 year    
v3.26.1
SUPPLY CHAIN FINANCE PROGRAMS (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Payables and Accruals [Abstract]    
Supply chain financing $ 109 $ 95
v3.26.1
OTHER LIABILITIES - Other Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Other Liabilities Disclosure [Abstract]        
Marketing and sales incentive programs $ 1,821 $ 1,930    
Accrued expenses and deferred income 975 843    
Warranty and campaign programs 631 641 $ 666 $ 633
Legal reserves and other provisions 421 419    
Accrued employee benefits 404 459    
Lease liabilities 288 272 $ 284  
Tax payables 272 323    
Contract liabilities 128 122    
Restructuring reserves 15 15    
Other 330 318    
Total $ 5,285 $ 5,342    
v3.26.1
OTHER LIABILITIES - Recorded Activity for Basic Warranty and Accruals for Campaign Programs (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]    
Balance at beginning of period $ 641 $ 633
Current year additions 112 153
Claims paid (119) (133)
Currency translation adjustment and other (3) 13
Balance at end of period $ 631 $ 666
v3.26.1
OTHER LIABILITIES - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Other Liabilities Disclosure [Abstract]    
Restructuring expenses $ 4 $ 6
v3.26.1
COMMITMENTS AND CONTINGENCIES (Details)
€ in Millions, $ in Millions
 3 Months Ended
Dec. 09, 2025
EUR (€)
Mar. 31, 2026
USD ($)
site
Dec. 31, 2025
USD ($)
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 PRP (in sites)   60  
Incurred and claims to be resolved over extended period of time   30 years  
Environmental reserves | $   $ 23 $ 24
Imposing fines, investigation | € € 57    
Guarantees at carrying value | $   $ 115 $ 119
v3.26.1
FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)
$ in Billions
Mar. 31, 2026
Dec. 31, 2025
Foreign exchange contracts    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Notional amount of foreign exchange derivatives $ 4.3 $ 3.6
Interest rate derivatives    
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Notional amount of foreign exchange derivatives $ 10.9 $ 11.1
v3.26.1
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
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gain (Loss) Recognized in Accumulated other comprehensive loss $ (37) $ (22)
Gain (Loss) Reclassified from Accumulated other comprehensive loss 9 (11)
Net sales | Foreign exchange contracts    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gain (Loss) Recognized in Accumulated other comprehensive loss (53) (9)
Gain (Loss) Reclassified from Accumulated other comprehensive loss 0 (2)
Cost of goods sold | Foreign exchange contracts    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gain (Loss) Reclassified from Accumulated other comprehensive loss (2) (8)
Other, net | Foreign exchange contracts    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gain (Loss) Reclassified from Accumulated other comprehensive loss 0 (4)
Interest expense | Interest rate contracts    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Gain (Loss) Recognized in Accumulated other comprehensive loss 16 (13)
Gain (Loss) Reclassified from Accumulated other comprehensive loss $ 11 $ 3
v3.26.1
FINANCIAL INSTRUMENTS - Activity in Accumulated Other Comprehensive Income Related to Derivatives (Details) - Unrealized Gains (Loss) on Cash Flow Hedges - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Before-Tax Amount    
Accumulated derivative net income (losses), beginning balance $ 44 $ 115
Net changes in fair value of derivatives (37) (22)
Net gain (loss) reclassified from accumulated other comprehensive loss into income (9) 11
Accumulated derivative net income (losses), ending balance (2) 104
Income Tax    
Accumulated derivative net income (losses), beginning balance (17) (43)
Net changes in fair value of derivatives 0 5
Net gain (loss) reclassified from accumulated other comprehensive loss into income 9 (1)
Accumulated derivative net income (losses), ending balance (8) (39)
After-Tax Amount    
Accumulated derivative net income (losses), beginning balance 27 72
Net changes in fair value of derivatives (37) (17)
Net gain (loss) reclassified from accumulated other comprehensive loss into income 0 10
Accumulated derivative net income (losses), ending balance $ (10) $ 65
v3.26.1
FINANCIAL INSTRUMENTS - Impact of Changes in Fair Value of Fair Value Hedges and Derivatives Not Designated as Hedging Instruments on Earnings (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest expense | Fair Value Hedges | Interest rate derivatives    
Fair Value Hedges    
Interest rate derivatives $ (3) $ 26
Other, net | Foreign exchange contracts | Derivatives not designated as hedging instruments    
Not Designated as Hedges    
Foreign exchange contracts $ (53) $ 11
v3.26.1
FINANCIAL INSTRUMENTS - Fair Values of Derivatives (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Derivatives, Fair Value [Line Items]    
Derivative assets $ 162 $ 142
Derivative liabilities 141 97
Derivatives designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
Derivative assets 134 124
Derivative liabilities 106 72
Derivatives designated as hedging instruments | Foreign currency contracts    
Derivatives, Fair Value [Line Items]    
Derivative assets 18 23
Derivative liabilities 58 30
Derivatives designated as hedging instruments | Interest rate contracts    
Derivatives, Fair Value [Line Items]    
Derivative assets 116 101
Derivative liabilities 48 42
Derivatives not designated as hedging instruments    
Derivatives, Fair Value [Line Items]    
Derivative assets 28 18
Derivative liabilities 35 25
Derivatives not designated as hedging instruments | Foreign currency contracts    
Derivatives, Fair Value [Line Items]    
Derivative assets 12 7
Derivative liabilities 18 14
Derivatives not designated as hedging instruments | Interest rate contracts    
Derivatives, Fair Value [Line Items]    
Derivative assets 16 11
Derivative liabilities $ 17 $ 11
v3.26.1
FINANCIAL INSTRUMENTS - Fair Value Hierarchy Levels of Assets and Liabilities Value on Recurring Basis (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Assets $ 162 $ 142
Total Liabilities 141 97
Level 1    
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 162 142
Total Liabilities 141 97
Foreign exchange derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Assets 30 30
Total Liabilities 76 44
Foreign exchange derivatives | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Assets 0 0
Total Liabilities 0 0
Foreign exchange derivatives | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Assets 30 30
Total Liabilities 76 44
Interest rate derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Assets 132 112
Total Liabilities 65 53
Interest rate derivatives | Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Assets 0 0
Total Liabilities 0 0
Interest rate derivatives | Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Assets 132 112
Total Liabilities $ 65 $ 53
v3.26.1
FINANCIAL INSTRUMENTS - Estimated Fair Values of Instruments Not Carried at Fair Value in Balance Sheets (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Carrying Amount    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivables, net $ 22,629 $ 23,105
Debt 25,904 26,762
Fair Value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Financing receivables, net 22,554 23,073
Debt $ 26,461 $ 27,339
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Components of OCI (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Gross Amount $ 55 $ 55
Income Taxes 9 5
Other comprehensive income, net of tax 64 60
Unrealized Gains (Loss) on Cash Flow Hedges    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Gross Amount (46) (11)
Income Taxes 9 4
Other comprehensive income, net of tax (37) (7)
Change in Retirement Plans' Funded Status    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Gross Amount 3 (3)
Income Taxes 0 1
Other comprehensive income, net of tax 3 (2)
Foreign Currency Translation    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Gross Amount 103 59
Income Taxes 0 0
Other comprehensive income, net of tax 103 59
Share of other comprehensive loss of entities using the equity method    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Gross Amount (5) 10
Income Taxes 0 0
Other comprehensive income, net of tax $ (5) $ 10
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Components of AOCI (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance $ 7,772 $ 7,713
Other comprehensive income, net of tax 64 60
Ending balance 7,812 7,902
Total    
Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance (2,767) (2,712)
Other comprehensive income (loss), before reclassifications 62 47
Amounts reclassified from comprehensive income 3 10
Other comprehensive income, net of tax 65 57
Ending balance (2,702) (2,655)
Unrealized Gains (Loss) on Cash Flow Hedges    
Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance 27 72
Other comprehensive income (loss), before reclassifications (37) (17)
Amounts reclassified from comprehensive income 0 10
Other comprehensive income, net of tax (37) (7)
Ending balance (10) 65
Change in Retirement Plans' Funded Status    
Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance (315) (348)
Other comprehensive income (loss), before reclassifications 0 (2)
Amounts reclassified from comprehensive income 3 0
Other comprehensive income, net of tax 3 (2)
Ending balance (312) (350)
Foreign Currency Translation    
Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance (2,236) (2,170)
Other comprehensive income (loss), before reclassifications 104 56
Amounts reclassified from comprehensive income 0 0
Other comprehensive income, net of tax 103 59
Other comprehensive income (loss), net of tax and adjustments 104 56
Ending balance (2,132) (2,114)
Share of other comprehensive loss of entities using the equity method    
Accumulated Other Comprehensive Income [Roll Forward]    
Beginning balance (243) (266)
Other comprehensive income (loss), before reclassifications (5) 10
Amounts reclassified from comprehensive income 0 0
Other comprehensive income, net of tax (5) 10
Ending balance (248) (256)
AOCI Including Portion Attributable to Noncontrolling Interest    
Accumulated Other Comprehensive Income [Roll Forward]    
Other comprehensive income, net of tax $ (1) $ 3
v3.26.1
RELATED PARTY INFORMATION - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Dec. 31, 2025
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 45.60%  
CNH Industrial Capital Europe S.A.S.    
Related Party Transaction [Line Items]    
Pledged guarantees on commitments $ 112 $ 118
v3.26.1
RELATED PARTY INFORMATION - Related Party Transactions (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Related Party Transaction [Line Items]      
Net revenues or sales $ 3,170 $ 3,172  
Purchases 2,605 2,569  
Trade receivables 207   $ 226
Financial receivables from Iveco Group 192   195
Trade payables 2,439   2,247
Financial payables to Iveco Group N.V. 40   91
Iveco Group post-Demerger | Related Party      
Related Party Transaction [Line Items]      
Net revenues or sales 28 27  
Purchases 153 147  
Trade receivables 38   32
Financial receivables from Iveco Group 192   195
Trade payables 133   264
Financial payables to Iveco Group N.V. 40   91
Unconsolidated subsidiaries and affiliates | Related Party      
Related Party Transaction [Line Items]      
Net revenues or sales 69 76  
Purchases 125 $ 90  
Trade receivables 5   6
Trade payables $ 54   $ 42
v3.26.1
SUBSEQUENT EVENTS (Details)
Apr. 20, 2026
Subsequent Event | Abilene Machine LLC  
Subsequent Event [Line Items]  
Equity interest percentage 30.00%