Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2018

Other Liabilities Disclosure [Abstract]

A summary of Other liabilities as of June 30, 2018 and December 31, 2017 is as follows:

	June 30, 2018		December 31, 2017
	(in millions)
Repurchase price on buy-back agreements	$	2,123	$	2,176
Warranty and campaign programs		927		932
Marketing and sales incentive programs		1,338		1,335
Tax payables		835		765
Accrued expenses and deferred income		529		610
Accrued employee benefits		662		752
Legal reserves and other provisions		354		384
Contract reserve		269		344
Contract liabilities⁽¹⁾		1,404		1,498
Restructuring reserve		52		60
Other		761		738
Total	$	9,254	$	9,594

(1)

Contract liabilities include $822 million and $926 million at June 30, 2018 and December 31, 2017, respectively, for future rents related to buy-back agreements.

Summary of Recorded Activity for Basic Warranty and Accruals for Campaign Programs

CNH Industrial pays for basic warranty and other service action costs. A summary of recorded activity for the three and six months ended June 30, 2018 and 2017 for the basic warranty and accruals for campaign programs are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
	(in millions)						(in millions)
Balance at beginning of period	$	959		$	806		$	932		$	792
Current year additions		233			199			437			374
Claims paid		(169	)		(154	)		(370	)		(316	)
Currency translation adjustment and other		(96	)		16			(72	)		17
Balance at June 30	$	927		$	867		$	927		$	867