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Employee Benefit Plans and Postretirement Benefits (Tables)
9 Months Ended
Sep. 30, 2017
Postemployment Benefits [Abstract]  
Net Periodic Benefit Cost

The following summarizes the components of net periodic benefit cost of CNH Industrial’s defined benefit pension plans and postretirement health and life insurance plans for the three and nine months ended September 30, 2017 and 2016:

 

 

Pension

 

 

Healthcare

 

 

Other

 

 

 

Three Months Ended September 30,

 

 

Three Months Ended September 30,

 

 

Three Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

(in millions)

 

Service cost

 

$

7

 

 

$

7

 

 

$

2

 

 

$

2

 

 

$

3

 

 

$

3

 

Interest cost

 

 

17

 

 

 

22

 

 

 

9

 

 

 

10

 

 

 

1

 

 

 

1

 

Expected return on assets

 

 

(26

)

 

 

(28

)

 

 

(1

)

 

 

(2

)

 

 

 

 

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service credit

 

 

 

 

 

 

 

 

(1

)

 

 

(1

)

 

 

 

 

 

1

 

Actuarial loss

 

 

21

 

 

 

19

 

 

 

1

 

 

 

4

 

 

 

 

 

 

 

Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost

 

$

19

 

 

$

20

 

 

$

10

 

 

$

13

 

 

$

4

 

 

$

5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension

 

 

Healthcare

 

 

Other

 

 

 

Nine Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

 

 

(in millions)

 

Service cost

 

$

21

 

 

$

22

 

 

$

5

 

 

$

5

 

 

$

10

 

 

$

10

 

Interest cost

 

 

53

 

 

 

66

 

 

 

27

 

 

 

30

 

 

 

2

 

 

 

3

 

Expected return on assets

 

 

(80

)

 

 

(86

)

 

 

(5

)

 

 

(5

)

 

 

 

 

 

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service credit

 

 

 

 

 

 

 

 

(2

)

 

 

(3

)

 

 

 

 

 

1

 

Actuarial loss

 

 

64

 

 

 

58

 

 

 

4

 

 

 

11

 

 

 

1

 

 

 

 

Other

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net periodic benefit cost

 

$

61

 

 

$

60

 

 

$

29

 

 

$

38

 

 

$

13

 

 

$

14