EX-99.1

Exhibit 99.1

2016 THIRD QUARTER RESULTS

CNH Industrial 2016 third quarter revenues of $5.7 billion, with net income of $39 million and net industrial debt of $2.7 billion at quarter-end

Financial results presented under U.S. GAAP⁽¹⁾

•

Adjusted net income⁽²⁾⁽³⁾ was $68 million in the third quarter of 2016, with adjusted diluted EPS⁽²⁾ of $0.05

•

Operating profit⁽²⁾of Industrial Activities was $248 million in the third quarter of 2016, with operating margin of 4.5%; year-over-year operating profit and margin improvements were achieved in Agricultural Equipment, Powertrain and Commercial Vehicles

•

In the quarter the Company repurchased $450 million in principal amount of 7.875% Notes due 2017, and issued $600 million in principal amount of 4.50% Notes due 2023

•

CNH Industrial announced today its agreement to acquire the agricultural grass and soil implement business of Kongskilde Industries to expand its offering in tillage, seeding and hay & forage segments

•

Full year guidance reaffirmed

Summary of Results ($ million except EPS)


Nine Months Ended September 30,									Three Months Ended September 30,
2016			2015		Change				2016		2015			Change
	17,874			18,768		-4.8	%	Revenues		5,749		5,850			-1.7	%
	(345	)		17		-362		Net income (loss)		39		(128	)		167
	285			212		73		Adjusted net income		68		38			30
	(0.25	)		0.02		-0.27		Basic EPS ($)		0.03		(0.09	)		0.12
	(0.25	)		0.02		-0.27		Diluted EPS ($)		0.03		(0.09	)		0.12
	0.21			0.16		0.05		Adjusted diluted EPS ($)		0.05		0.03			0.02

London (UK) – (October 31, 2016) CNH Industrial N.V. (NYSE:CNHI / MI:CNHI) today announced consolidated revenues of $5,749 million for the third quarter of 2016, down 1.7% compared to the third quarter of 2015. Net sales of Industrial Activities were $5,461 million for the third quarter of 2016, down 1.6% compared to the third quarter of 2015. Reported net income was $39 million in the third quarter, and includes a charge of $38 million ($24 million net of tax impact) related to the repurchase of a portion of the Case New Holland Industrial Inc. 7.875% Notes due 2017. Adjusted net income was $68 million for the quarter, up 79% compared to the third quarter of 2015.

Operating profit of Industrial Activities was $248 million for the third quarter of 2016, in line with the third quarter of 2015, with an operating margin of 4.5%. “Our third quarter results were consistent with our expectations,” said Richard Tobin, Chief Executive Officer of CNH Industrial. “Despite the challenging demand environment in our agricultural equipment business we have been able to increase our comparable profit margin for the quarter in the segment as a result of proactive cost control measures, and improved equipment demand in Latin America. Our commercial vehicles business continues to gain market share in Europe as our new vehicle product launches continue to gain traction in the market.”

(1)

CNH Industrial reports quarterly and annual consolidated financial results under U.S. GAAP and EU-IFRS. The tables and discussion related to the financial results of the Company and its segments shown in this press release are prepared in accordance with U.S. GAAP. Financial results under EU-IFRS are shown in specific tables at the end of this press release.

(2)

This item is a non-GAAP financial measure. Refer to the “Non-GAAP Financial Information” section of this press release for information regarding non-GAAP financial measures.

(3)

Refer to the specific table in the “Other Supplemental Financial Information” section of this press release for the reconciliation between “Net income (loss)” and “Adjusted net income”.

CNH Industrial N.V.

Corporate Office:

25 St. James’s Street

London, SW1A 1HA

United Kingdom

The effective tax rate was 55.2% for the third quarter of 2016. Excluding the impact of the exceptional non-tax deductible charge of $551 million incurred in the first half of 2016 following finalization of the European Commission settlement, and the impact of the inability to record deferred tax assets on losses in certain jurisdictions, the effective tax rate year-to-date was 34%, in line with the Company’s long-term effective tax rate objective of between 34% to 36%.

Net industrial debt⁽¹⁾ was $2.7 billion at September 30, 2016, a $0.5 billion increase compared to June 30, 2016 primarily attributable to non-inventory related timing differences in the production cycle and their impact on net working capital. Total debt of $26.3 billion at September 30, 2016, was in line with June 30, 2016 and December 31, 2015. As of September 30, 2016, available liquidity⁽¹⁾ was $8.9 billion, up $0.1 billion compared to June 30, 2016 and down $0.4 billion compared to December 31, 2015.

During the quarter, the Company issued $600 million in aggregate principal amount of 4.50% Notes due 2023. In addition, the Company repurchased $450 million of the outstanding 7.875% Notes due 2017 issued by its subsidiary Case New Holland Industrial Inc. The $38 million one-off charge related to the repurchase will be more than offset by interest cost savings achieved through the remaining term of the 2017 Notes.

“We have had some very positive developments in the quarter,” said Richard Tobin. “We demonstrated our commitment to technological advancement and Precision Farming with our autonomous tractor concept vehicle at Farm Progress in August. Today we have announced our agreement to acquire the tillage, seeding and hay and forage segments of Kongskilde Industries. Furthermore, we announced a new exclusive alliance with Hyundai Heavy Industries in the mini-excavator segment which will become operational in the first quarter of 2017, and CNH Industrial was confirmed Industry Leader for the sixth consecutive year by the Dow Jones Sustainability Indices. We are effectively managing our businesses through some challenging market conditions by reducing our structural costs, retaining our leading market share positions and positioning ourselves to take full advantage of opportunities as they arise in the cycle.”

Agricultural Equipment’s net sales decreased 3.0% for the third quarter of 2016 compared to the third quarter of 2015 (down 3.4% on a constant currency basis), as a result of unfavorable industry volume and product mix in the row crop sector in NAFTA and unfavorable industry volume in the small grain sector in EMEA. Net sales of specialty tractors in EMEA remain strong. Net sales increased in LATAM due to market improvements in Brazil and Argentina, and slightly decreased in APAC due to lower market demand in China, while Australia continues to improve.

Operating profit was $155 million for the third quarter of 2016 ($137 million in the third quarter of 2015). The increase was primarily due to net price realization and lower material costs, partially offset by unfavorable volume, including fixed cost absorption, and unfavorable product mix in NAFTA and EMEA. Operating margin increased 1.0 p.p. to 6.6%.

Construction Equipment’s net sales increased 0.7% for the third quarter of 2016 compared to the third quarter of 2015 (up 0.5% on a constant currency basis), driven by favorable volume in APAC, partially offset by lower sales in NAFTA.

Operating profit was $1 million in the third quarter of 2016 compared to $37 million in the third quarter of 2015, as a result of unfavorable market mix and product mix and negative price realization primarily in NAFTA, partially mitigated by cost containment actions.

Commercial Vehicles’ net sales decreased 3.4% for the third quarter of 2016 compared to the third quarter of 2015 (down 3.7% on a constant currency basis), primarily as a result of lower volume in all ranges in LATAM mainly due to continuing deterioration of market conditions in Brazil and the Euro V pre-buy impact in the Argentinian market in the second half of 2015. Net sales were flat in EMEA as a volume increase in trucks was offset by decreases in buses and specialty vehicles.

Operating profit was $64 million for the third quarter of 2016 ($60 million in the third quarter of 2015), with an operating margin of 3.0% (up 0.3 p.p. compared to the third quarter of 2015). The increase was due to positive pricing and manufacturing efficiencies in EMEA trucks and buses, partially offset by lower volume in the specialty vehicle business. In LATAM, market conditions remained challenging primarily in Brazil. In APAC, operating profit improved mainly as a result of positive pricing.

Powertrain’s net sales increased 6.3% in the third quarter of 2016 compared to the third quarter of 2015 (up 5.9% on a constant currency basis) due to higher volumes primarily in on-road engine applications. Sales to external customers accounted for 48% of total net sales (44% in the third quarter of 2015).

Operating profit was $52 million for the third quarter of 2016, a $17 million increase compared to the third quarter of 2015 primarily due to favorable volume and industrial efficiencies. Operating margin increased 1.7 p.p. to 6.1%, the highest third quarter margin ever reported in the segment’s history, confirming the positive contribution of a well-balanced portfolio of engine applications.

Financial Services’ revenues totaled $386 million in the third quarter of 2016, a 1.0% decrease compared to the third quarter of 2015 (down 2.9% on a constant currency basis), due to a lower average portfolio and reduced interest spreads, partially offset by the positive impact of currency translation. In the third quarter of 2016, retail loan originations (including unconsolidated joint ventures) were $2.2 billion, flat compared to the third quarter of 2015. The managed portfolio (including unconsolidated joint ventures) of $24.8 billion as of September 30, 2016 (of which retail was 65% and wholesale 35%) was up $0.3 billion compared to September 30, 2015 (down $0.2 billion on a constant currency basis).

Net income was $77 million for the third quarter of 2016, a decrease of $17 million compared to the third quarter of 2015, primarily due to the lower average portfolio and the reduction in interest spreads.

CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

Today, at 2:00 p.m. CET / 1:00 p.m. GMT / 9:00 a.m. EDT, management will hold a conference call to present 2016 third quarter and first nine months results to financial analysts and institutional investors. The call can be followed live online at: http://bit.ly/2deoEuE and a recording will be available later on the Company’s website (www.cnhindustrial.com). A presentation will be made available on the CNH Industrial website prior to the call.

CNH Industrial monitors its operations through the use of several non-GAAP financial measures. CNH Industrial’s management believes that these non-GAAP financial measures provide useful and relevant information regarding its results and allow management and investors to assess CNH Industrial’s operating trends, financial performance and financial position. Management uses these non-GAAP measures to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions as they provide additional transparency with respect to our core operations. These non-GAAP financial measures have no standardized meaning presented in U.S. GAAP or EU-IFRS and are unlikely to be comparable to other similarly titled measures used by other companies due to potential differences between the companies in calculations. As a result, the use of these non-GAAP measures has limitations and should not be considered as substitutes for measures of financial performance and financial position prepared in accordance with U.S. GAAP and/or EU-IFRS.

The tables attached to this press release provide reconciliations of the non-GAAP measures used in this press release to the most directly comparable GAAP measures.

All statements other than statements of historical fact contained in this earning release including statements regarding our competitive strengths; business strategy; future financial position or operating results; budgets; projections with respect to revenue, income, earnings (or loss) per share, capital expenditures, dividends, capital structure or other financial items; costs; and plans and objectives of management regarding operations and products, are forward-looking statements. These statements may include terminology such as “may”, “will”, “expect”, “could”, “should”, “intend”, “estimate”, “anticipate”, “believe”, “outlook”, “continue”, “remain”, “on track”, “design”, “target”, “objective”, “goal”, “forecast”, “projection”, “prospects”, “plan”, or similar terminology. Forward-looking statements are not guarantees of future performance. Rather, they are based on current views and assumptions and involve known and unknown risks, uncertainties and other factors, many of which are outside our control and are difficult to predict. If any of these risks and uncertainties materialize or other assumptions underlying any of the forward-looking statements prove to be incorrect, the actual results or developments may differ materially from any future results or developments expressed or implied by the forward-looking statements. Factors, risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements include, among others: the many interrelated factors that affect consumer confidence and worldwide demand for capital goods and capital goods-related products; general economic conditions in each of our markets; changes in government policies regarding banking, monetary and fiscal policies; legislation, particularly relating to capital goods-related issues such as agriculture, the environment, debt relief and subsidy program policies, trade and commerce and infrastructure development; government policies on international trade and investment, including sanctions, import quotas, capital controls and tariffs; actions of competitors in the various industries in which we compete; development and use of new technologies and technological difficulties; the interpretation of, or adoption of new, compliance requirements with respect to engine emissions, safety or other aspects of our products; production difficulties, including capacity and supply constraints and excess inventory levels; labor relations; interest rates and currency exchange rates; inflation and deflation; energy prices; prices for agricultural commodities; housing starts and other construction activity; our ability to obtain financing or to refinance existing debt; a decline in the price of used vehicles; the resolution of pending litigation and investigations on a wide range of topics, including dealer and supplier litigation, follow-on private litigation in various jurisdictions after the recently settled EU antitrust investigation announced on July 19, 2016, intellectual property rights disputes, product warranty and defective product claims, and emissions and/or fuel economy regulatory and contractual issues; the evolution of our contractual relations with Kobelco Construction Machinery Co., Ltd. and Sumitomo (S.H.I.) Construction Machinery Co., Ltd.; our pension plans and other post-employment obligations; political and civil unrest; volatility and deterioration of capital and financial markets, including further deterioration of the Eurozone sovereign debt crisis, possible effects of Brexit, political evolutions in Turkey, terror attacks in Europe and elsewhere, and other similar risks and uncertainties and our success in managing the risks involved in the foregoing. Further information concerning factors, risks, and uncertainties that could materially affect the Company’s financial results is included in our annual report on Form 20-F for the year ended December 31, 2015, prepared in accordance with U.S. GAAP, the Company’s subsequently filed reports on Form 6-K, in the Company’s EU Annual Report at December 31, 2015, prepared in accordance with EU-IFRS and Semi-Annual Report for the period ended on June 30, 2016 prepared in accordance with EU-IFRS. Investors should refer to and consider the incorporated information on risks, factors, and uncertainties in addition to the information presented here.

Forward-looking statements speak only as of the date on which such statements are made. Furthermore, in light of ongoing difficult macroeconomic conditions, both globally and in the industries in which we operate, it is particularly difficult to forecast our results and any estimates or forecasts of particular periods that we provide in this earnings release are uncertain. Accordingly, investors should not place undue reliance on such forward-looking statements. We can give no assurance that the expectations reflected in our forward-looking statements will prove to be correct. Our outlook is based upon assumptions relating to the factors described in the earnings release, which are sometimes based upon estimates and data received from third parties. Such estimates and data are often revised. Our actual results could differ materially from those anticipated in such forward-looking statements. We undertake no obligation to update or revise publicly our outlook or forward-looking statements. Further information concerning CNH Industrial and its businesses, including factors that potentially could materially affect CNH Industrial’s financial results, is included in CNH Industrial’s reports and filings with the U.S. Securities and Exchange Commission (“SEC”), the Autoriteit Financiële Markten (“AFM”) and Commissione Nazionale per le Società e la Borsa (“CONSOB”).

All future written and oral forward-looking statements by CNH Industrial or persons acting on the behalf of CNH Industrial are expressly qualified in their entirety by the cautionary statements contained herein or referred to above.

For The Three Months Ended September 30, 2016 and 2015 and For the Nine Months Ended

These Condensed Consolidated Statements of Operations should be read in conjunction with the Company’s Audited Consolidated Financial Statements and Notes for the Year Ended December 31, 2015 included in the Annual Report on Form 20-F. These Condensed Consolidated Statements of Operations represent the consolidation of all CNH Industrial N.V. subsidiaries.

These Condensed Consolidated Balance Sheets should be read in conjunction with the Company’s Audited Consolidated Financial Statements and Notes for the Year Ended December 31, 2015 included in the Annual Report on Form 20-F. These Condensed Consolidated Balance Sheets represent the consolidation of all CNH Industrial N.V. subsidiaries.

These Condensed Consolidated Statements of Cash Flows should be read in conjunction with the Company’s Audited Consolidated Financial Statements and Notes for the Year Ended December 31, 2015 included in the Annual Report on Form 20-F. These Condensed Consolidated Statements of Cash Flows represent the consolidation of all CNH Industrial N.V. subsidiaries.

For The Three Months Ended September 30, 2016 and 2015 and For The Nine Months Ended

These Supplemental Statements of Operations are presented for informational purposes. The supplemental Industrial Activities data in these statements (with Financial Services on the equity basis) include CNH Industrial N.V.’s Agricultural Equipment, Construction Equipment, Commercial Vehicles and Powertrain segments, as well as Corporate functions. The supplemental Financial Services data in these statements refer to CNH Industrial N.V.’s Financial Services segment. Transactions between Industrial Activities and Financial Services have been eliminated to arrive at the consolidated financial statements.

These Supplemental Balance Sheets are presented for informational purposes. The supplemental Industrial Activities data in these statements (with Financial Services on the equity basis) include CNH Industrial N.V.’s Agricultural Equipment, Construction Equipment, Commercial Vehicles and Powertrain segments, as well as Corporate functions. The supplemental Financial Services data in these statements refer to CNH Industrial N.V.’s Financial Services segment. Transactions between Industrial Activities and Financial Services have been eliminated to arrive at the consolidated financial statements.

These Supplemental Statements of Cash Flows are presented for informational purposes. The supplemental Industrial Activities data in these statements (with Financial Services on the equity basis) include CNH Industrial N.V.’s Agricultural Equipment, Construction Equipment, Commercial Vehicles and Powertrain segments, as well as Corporate functions. The supplemental Financial Services data in these statements refer to CNH Industrial N.V.’s Financial Services segment. Transactions between Industrial Activities and Financial Services have been eliminated to arrive at the consolidated financial statements.

Reconciliation of Operating Profit (loss) to Net Income (loss) under U.S. GAAP ($ million)

For The Three Months Ended September 30, 2016 and 2015 and For the Nine Months Ended

This Condensed Consolidated Income Statement should be read in conjunction with the Company’s Audited Consolidated Financial Statements and Notes for the Year Ended December 31, 2015 included in the EU Annual Report. This Condensed Consolidated Income Statement represents the consolidation of all CNH Industrial N.V. subsidiaries.

This Condensed Consolidated Statement of Financial Position should be read in conjunction with the Company’s Audited Consolidated Financial Statements and Notes for the Year Ended December 31, 2015 included in the EU Annual Report. This Condensed Consolidated Statement of Financial Position represents the consolidation of all CNH Industrial N.V. subsidiaries.

These Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Company’s Audited Consolidated Financial Statements and Notes for the Year Ended December 31, 2015 included in the EU Annual Report. This Condensed Consolidated Statement of Cash Flows represents the consolidation of all CNH Industrial N.V. subsidiaries.

Translation of financial statements denominated in a currency other than the U.S. dollar

The principal exchange rates used to translate into U.S. dollars the financial statements prepared in currencies other than the U.S. dollar were as follows:


Nine Months Ended September 30,											Three Months Ended September 30,
2016			2015			% change		% change excl. FX⁽¹⁾			2016			2015			% change		% change excl. FX⁽¹⁾
	7,291			8,043			-9.3		-7.8	Agricultural Equipment		2,359			2,431			-3.0		-3.4
	1,726			1,933			-10.7		-9.4	Construction Equipment		595			591			0.7		0.5
	6,754			6,696			0.9		2.6	Commercial Vehicles		2,114			2,189			-3.4		-3.7
	2,755			2,648			4.0		4.6	Powertrain		850			800			6.3		5.9
	(1,539	)		(1,512	)		—		—	Eliminations and other		(457	)		(462	)		—		—

	16,987			17,808			-4.6		-3.1	Total Industrial Activities		5,461			5,549			-1.6		-1.9
	1,173			1,226			-4.3		-2.2	Financial Services		386			390			-1.0		-2.9
	(286	)		(266	)		—		—	Eliminations and other		(98	)		(89	)		—		—

	17,874			18,768			-4.8		-3.2	Total		5,749			5,850			-1.7		-2.0


Nine Months Ended September 30,															Three Months Ended September 30,
2016 Profit			2015 Profit			$ change		2016 Margin			2015 Margin				2016 Profit			2015 Profit			$ change		2016 Margin			2015 Margin
	546			604			-58		7.5	%		7.5	%	Agricultural Equipment		155			137			18		6.6	%		5.6	%
	32			72			-40		1.9	%		3.7	%	Construction Equipment		1			37			-36		0.2	%		6.3	%
	202			128			74		3.0	%		1.9	%	Commercial Vehicles		64			60			4		3.0	%		2.7	%
	171			124			47		6.2	%		4.7	%	Powertrain		52			35			17		6.1	%		4.4	%
	(72	)		(59	)		-13		—			—		Eliminations and other		(24	)		(24	)		—		—			—

	879			869			10		5.2	%		4.9	%	Total Industrial Activities		248			245			3		4.5	%		4.4	%
	363			397			-34		30.9	%		32.4	%	Financial Services		114			128			-14		29.5	%		32.8	%
	(244	)		(227	)		-17		—			—		Eliminations and other		(84	)		(85	)		1		—			—

	998			1,039			-41		5.6	%		5.5	%	Total		278			288			-10		4.8	%		4.9	%


Media Inquiries				Investor Relations

United Kingdom

Richard Gadeselli				Federico Donati
Tel: +44 207 7660 346				Tel: +44 207 7660 386

Laura Overall				Noah Weiss
Tel: +44 207 7660 338				Tel: +1 630 887 3745

Italy

Francesco Polsinelli
Tel: +39 335 1776091

Cristina Formica
Tel: +39 335 5762520

e-mail: mediarelations@cnhind.com
www.cnhindustrial.com


($ million)	Three Months Ended September 30,					Nine Months Ended September 30,
($ million)	2016		2015			2016			2015
Revenues
Net sales		5,461		5,549			16,987			17,808
Finance and interest income		288		301			887			960

TOTAL REVENUES		5,749		5,850			17,874			18,768
Costs and Expenses
Cost of goods sold		4,524		4,599			14,014			14,771
Selling, general and administrative expenses		546		565			1,687			1,758
Research and development expenses		211		207			619			622
Restructuring expenses		6		18			31			52
Interest expense⁽¹⁾		273		258			743			824
Other, net⁽²⁾		131		286			951			498

TOTAL COSTS AND EXPENSES		5,691		5,933			18,045			18,525
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN INCOME OF UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES		58		(83	)		(171	)		243
Income taxes		32		56			179			259
Equity in income of unconsolidated subsidiaries and affiliates⁽³⁾		13		11			5			33
NET INCOME (LOSS)		39		(128	)		(345	)		17
Net income (loss) attributable to noncontrolling interests		—		(4	)		2			(5	)
NET INCOME (LOSS) ATTRIBUTABLE TO CNH INDUSTRIAL N.V.		39		(124	)		(347	)		22

(in $)
Earnings (loss) per share attributable to common shareholders
Basic		0.03		(0.09	)		(0.25	)		0.02
Diluted		0.03		(0.09	)		(0.25	)		0.02
Cash dividends declared per common share		—		—			0.148			0.216


($ million)	September 30, 2016			December 31, 2015⁽¹⁾
Cash and cash equivalents		5,133			5,384
Restricted cash		740			927
Trade receivables, net		687			580
Financing receivables, net		18,638			19,001
Inventories, net		6,657			5,690
Property, plant and equipment, net		6,584			6,481
Investments in unconsolidated subsidiaries and affiliates		494			527
Equipment under operating leases		1,892			1,835
Goodwill		2,457			2,447
Other intangible assets, net		786			810
Deferred tax assets		1,022			1,250
Derivative assets		117			211
Other assets		1,866			1,534

TOTAL ASSETS		47,073			46,677
Debt		26,341			26,301
Trade payables		5,221			5,342
Deferred tax liabilities		75			334
Pension, postretirement and other postemployment benefits		2,216			2,282
Derivative liabilities		211			69
Other liabilities		8,522			7,488

Total Liabilities		42,586			41,816
Redeemable noncontrolling interest		22			18
Common shares, €0.01, par value; outstanding 1,361,622,742 common shares and 412,079,742 special voting shares at 09/30/2016; and outstanding 1,362,048,989 common shares and 413,249,206 special voting shares at 12/31/2015		25			25
Treasury stock, at cost; 1,286,869 shares at 09/30/2016 and 0 shares at 12/31/2015		(9	)		—
Additional paid in capital		4,435			4,399
Retained earnings		1,695			2,241
Accumulated other comprehensive loss		(1,689	)		(1,863	)
Noncontrolling interests		8			41

Equity		4,465			4,843

TOTAL EQUITY AND LIABILITIES		47,073			46,677


	Industrial Activities												Financial Services
	Three Months Ended September 30,						Nine Months Ended September 30,						Three Months Ended September 30,				Nine Months Ended September 30,
($ million)	2016			2015			2016			2015			2016		2015		2016		2015
Revenues
Net sales		5,461			5,549			16,987			17,808			—		—		—		—
Finance and interest income		39			32			103			162			386		390		1,173		1,226

TOTAL REVENUES		5,500			5,581			17,090			17,970			386		390		1,173		1,226
Costs and Expenses
Cost of goods sold		4,524			4,599			14,014			14,771			—		—		—		—
Selling, general and administrative expenses		478			498			1,475			1,546			68		67		212		212
Research and development expenses		211			207			619			622			—		—		—		—
Restructuring expenses		6			18			30			51			—		—		1		1
Interest expense		192			152			494			501			132		141		390		448
Interest compensation to Financial Services		84			83			245			229			—		—		—		—
Other, net		60			234			741			398			73		55		213		174

TOTAL COSTS AND EXPENSES		5,555			5,791			17,618			18,118			273		263		816		835
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN INCOME OF UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES		(55	)		(210	)		(528	)		(148	)		113		127		357		391
Income taxes		(10	)		18			54			130			42		38		125		129
Equity in income of unconsolidated subsidiaries and affiliates		7			6			(14	)		18			6		5		19		15
Results from intersegment investments		77			94			251			277			—		—		—		—
NET INCOME (LOSS)		39			(128	)		(345	)		17			77		94		251		277


	Consolidated				Industrial Activities				Financial Activities
	September 30, 2016		December 31, 2015⁽¹⁾		September 30, 2016		December 31, 2015⁽¹⁾		September 30, 2016		December 31, 2015⁽¹⁾
Third party debt		26,341		26,301		7,661		7,214		18,680		19,087
Intersegment notes payable		—		—		1,276		1,046		1,615		2,089
Total Debt⁽²⁾		26,341		26,301		8,937		8,260		20,295		21,176
Less:
Cash and cash equivalents		5,133		5,384		4,632		4,551		501		833
Restricted cash		740		927		—		15		740		912
Intersegment notes receivable		—		—		1,615		2,089		1,276		1,046
Derivatives hedging debt		17		27		17		27		—		—
Net debt (cash)⁽³⁾		20,451		19,963		2,673		1,578		17,778		18,385


	September 30, 2016		June 30, 2016		December 31, 2015
Cash and cash equivalents		5,133		4,882		5,384
Restricted cash		740		934		927
Undrawn committed facilities		3,011		2,987		2,995
Available liquidity		8,884		8,803		9,306


	Three Months Ended September 30,						Nine Months Ended September 30,
($ million)	2016			2015			2016			2015
Net revenues		5,836			5,968			18,197			19,095
Cost of sales		4,824			4,923			14,966			15,740
Selling, general and administrative costs		515			537			1,588			1,666
Research and development costs		255			223			725			638
Other income/(expenses)		(14	)		(18	)		(52	)		(60	)
TRADING PROFIT/(LOSS)		228			267			866			991
Gains/(losses) on the disposal of investments		—			—			—			—
Restructuring costs		6			16			31			48
Other unusual income/(expenses)⁽¹⁾		(6	)		(30	)		(560	)		(41	)
OPERATING PROFIT/(LOSS)		216			221			275			902
Financial income/(expenses)⁽²⁾		(178	)		(296	)		(483	)		(608	)
Result from investments⁽³⁾:		14			12			(5	)		38
Share of the profit/(loss) of investees accounted for using the equity method		14			12			(5	)		40
Other income/(expenses) from investments		—			—			—			(2	)
PROFIT/(LOSS) BEFORE TAXES		52			(63	)		(213	)		332
Income taxes		42			49			184			237
PROFIT/(LOSS) FROM CONTINUING OPERATIONS		10			(112	)		(397	)		95
PROFIT/(LOSS) FOR THE PERIOD		10			(112	)		(397	)		95

PROFIT/(LOSS) FOR THE PERIOD ATTRIBUTABLE TO:
Owners of the parent		11			(108	)		(399	)		98
Non-controlling interests		(1	)		(4	)		2			(3	)

(in $)
BASIC EARNINGS/(LOSS) PER COMMON SHARE		0.01			(0.08	)		(0.29	)		0.07
DILUTED EARNINGS/(LOSS) PER COMMON SHARE		0.01			(0.08	)		(0.29	)		0.07


($ million)	September 30, 2016		December 31, 2015
ASSETS
Intangible assets		5,652		5,680
Property, plant and equipment		6,466		6,371
Investments and other financial assets:		560		601
Investments accounted for using the equity method		512		560
Other investments and financial assets		48		41
Leased assets		1,892		1,835
Defined benefit plan assets		7		6
Deferred tax assets		1,044		1,256

Total Non-current assets		15,621		15,749
Inventories		6,778		5,800
Trade receivables		687		580
Receivables from financing activities		18,638		19,001
Current tax receivables		437		371
Other current assets		1,307		1,017
Current financial assets:		138		265
Current securities		21		54
Other financial assets		117		211
Cash and cash equivalents		5,873		6,311

Total Current assets		33,858		33,345
Assets held for sale		20		23

TOTAL ASSETS		49,499		49,117
EQUITY AND LIABILITIES
Issued capital and reserves attributable to owners of the parent		6,788		7,170
Non-controlling interests		14		47

Total Equity		6,802		7,217
Provisions:		6,154		5,589
Employee benefits		2,431		2,494
Other provisions		3,723		3,095
Debt:		26,500		26,458
Asset-backed financing		11,905		12,999
Other debt		14,595		13,459
Other financial liabilities		211		69
Trade payables		5,221		5,342
Current tax payables		198		126
Deferred tax liabilities		177		409
Other current liabilities		4,236		3,907
Liabilities held for sale		—		—

Total Liabilities		42,697		41,900

TOTAL EQUITY AND LIABILITIES		49,499		49,117


	Nine Months Ended September 30,
($ million)	2016			2015
A) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD		6,311			6,141
B) CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES:
Profit/(loss) for the period		(397	)		95
Amortization and depreciation (net of vehicles sold under buy-back commitments and operating leases)		893			841
Loss on disposal of non-current assets (net of vehicles sold under buy-back commitments)		1			6
Loss on repurchase of notes		38			—
Other non-cash items		134			233
Dividends received		57			61
Change in provisions		459			(146	)
Change in deferred income taxes		38			47
Change in items due to buy-back commitments⁽¹⁾		98			75
Change in operating lease items⁽²⁾		(52	)		(316	)
Change in working capital		(1,185	)		(718	)

TOTAL		84			178
C) CASH FLOWS FROM/(USED IN) INVESTMENT ACTIVITIES:
Investments in:
Property, plant and equipment and intangible assets (net of vehicles sold under buy-back commitments and operating leases)		(561	)		(704	)
Consolidated subsidiaries and other equity investments		5			(5	)
Proceeds from the sale of non-current assets (net of vehicles sold under buy-back commitments)		8			(3	)
Net change in receivables from financing activities		871			902
Change in current securities		33			—
Other changes		(145	)		199

TOTAL		211			389
D) CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES:
Bonds issued		1,714			600
Repayment of bonds		(751	)		(1,126	)
Issuance of other medium-term borrowings (net of repayment)		(17	)		(476	)
Net change in other financial payables and other financial assets/liabilities		(1,569	)		(266	)
Capital increase		—			17
Dividends paid		(205	)		(294	)
Purchase of treasury shares		(14	)		—
Purchase of ownership interests in subsidiaries		(44	)		—

TOTAL		(886	)		(1,545	)
Translation exchange differences		153			(664	)

E) TOTAL CHANGE IN CASH AND CASH EQUIVALENTS		(438	)		(1,642	)
F) CASH AND CASH EQUIVALENTS AT END OF PERIOD		5,873			4,499


	September 30, 2016			June 30, 2016			December 31, 2015
Total Assets		49,499			49,827			49,117
Total Equity		6,802			6,796			7,217
Equity attributable to CNH Industrial N.V.		6,788			6,778			7,170
Net debt⁽¹⁾		(20,700	)		(20,653	)		(19,951	)
Of which Net industrial debt⁽¹⁾		*(2,875*	)		(2,282	)		(1,570	)


	September 30, 2016			December 31, 2015
Total Equity under U.S. GAAP		4,465			4,843
Adjustments to conform with EU-IFRS:
Development costs		2,517			2,536
Goodwill and other intangible assets		(108	)		(113	)
Defined benefit plans		(26	)		—
Restructuring provisions		(5	)		(5	)
Other adjustments		(5	)		2
Tax impact on adjustments		(721	)		(729	)
Deferred tax assets and tax contingencies recognition		685			683
Total adjustments		2,337			2,374
Total Equity under EU-IFRS		6,802			7,217


	Nine Months Ended September 30, 2016				At December 31, 2015		Nine Months Ended September 30, 2015
	Average		At September 30				Average		At September 30
Euro		0.896		0.896		0.919		0.898		0.893
Pound sterling		0.719		0.771		0.674		0.653		0.659
Swiss franc		0.980		0.974		0.995		0.953		0.974
Polish zloty		3.904		3.870		3.917		3.731		3.789
Brazilian real		3.545		3.244		3.960		3.164		4.000
Canadian dollar		1.321		1.316		1.388		1.260		1.342
Argentine peso		14.520		15.300		12.984		8.966		9.420
Turkish lira		2.935		3.008		2.918		2.666		3.026