Exhibit 99.1

       2017 FOURTH QUARTER AND FULL YEAR RESULTS  

CNH Industrial reported 2017 consolidated revenues up 10% to $27.4 billion, net income at $313 million, with adjusted net income⁽²⁾⁽³⁾ at $669 million or $0.48 per share.

Net industrial debt⁽²⁾⁽³⁾ reduced to $0.9 billion

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

• Industrial Activities’ revenues up 11% (up 9% on a constant currency basis), with solid growth in all segments

• Operating profit⁽²⁾⁽³⁾ of Industrial Activities increased 18% to $1,519 million, with an operating margin of 5.8%, as a result of positive performances in the Agricultural Equipment, Powertrain and Construction Equipment segments

• Adjusted net income increased to $669 million (up 39%) in full year 2017, with adjusted diluted EPS⁽²⁾⁽³⁾ of $0.48

• Net industrial debt was $0.9 billion at December 31, 2017, a 45% reduction compared to December 31, 2016

• The Board of Directors is recommending a dividend of €0.14 per common share, or approximately €191 million (~$237 million), an increase of 27%. The Board of Directors will also be recommending a reauthorization and upsizing of the Company’s share repurchase program to $700 million

• For 2018, CNH Industrial expects net sales of Industrial Activities between $27 billion and $28 billion and an increase of 30% of adjusted diluted EPS to between $0.63 and $0.67. Net industrial debt expected between $0.8 billion and $1.0 billion

Summary of Results ($ million except EPS)
Year Ended December 31,									Three Months Ended December 31,
2017		2016			Change				2017			2016		Change
	27,361		24,872			10.0	%	Consolidated revenues		8,102			6,998		15.8	%
	313		(249	)		562		Net income (loss)		(40	)		96		-136
	669		482			187		Adjusted net income		197			197		—
	0.22		(0.18	)		0.40		Basic EPS ($)		(0.03	)		0.07		-0.10
	0.22		(0.18	)		0.40		Diluted EPS ($)		(0.03	)		0.07		-0.10
	0.48		0.35			0.13		Adjusted diluted EPS ($)		0.14			0.14		—

London (UK) – (January 30, 2018) CNH Industrial N.V. (NYSE:CNHI / MI:CNHI) today announced consolidated revenues of $27,361 million for the full year 2017, up 10% compared to 2016. Net sales of Industrial Activities were $26,168 million for the year, up 11% compared to 2016. In the fourth quarter of 2017, consolidated revenues were $8,102 million, up 16% compared to the fourth quarter of 2016. Net sales of Industrial Activities were $7,798 million for the fourth quarter of 2017, up 17% compared to the fourth quarter of 2016. Net income was $313 million for the full year 2017 and includes a non-cash pre- and after-tax charge of $92 million due to the deconsolidation of CNH Industrial’s Venezuelan operations effective December 31, 2017; a non-cash tax charge of $123 million due to the U.S. Tax Cuts and Jobs Act (the “U.S. Act”) and tax legislation changes in the UK and certain other countries enacted in the fourth quarter of 2017, as disclosed in our press release of January 25, 2018; as well as a total pre-tax charge of $64 million (total after-tax charge of $55 million) related to the repurchase/early redemption of certain notes in 2017.

(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 the non-GAAP financial measure and the most comparable GAAP financial measure.

CNH Industrial N.V.

Corporate Office:

25 St. James’s Street

London, SW1A 1HA

United Kingdom

        2017 FOURTH QUARTER AND FULL YEAR RESULTS  

Adjusted net income was $669 million for the full year 2017 compared to $482 million in 2016. Adjusted diluted EPS in 2017 was $0.48, up 37% compared to 2016. For the fourth quarter of 2017, net loss was $40 million and, as mentioned above, was affected by the $92 million charge for Venezuelan operations deconsolidation, the $123 million charge due to the U.S. Act and other tax legislation changes, as well as a $8 million charge on early redemption of notes. The adjusted net income was $197 million for the quarter, flat compared to the fourth quarter of 2016. Adjusted diluted EPS in the fourth quarter of 2017 was $0.14, flat compared to the fourth quarter of 2016.

Operating profit of Industrial Activities was $1,519 million for the full year 2017 compared to $1,291 million in 2016, with an operating margin of 5.8%, up 0.3 percentage points (“p.p.”) compared to 2016. In the fourth quarter of 2017, operating profit of Industrial Activities was $468 million, compared to $412 million in the fourth quarter of 2016, with an operating margin of 6.0% (6.2% in 2016).

For the full year 2017, income taxes were $455 million ($298 million in 2016), including the $123 million non-cash tax charge. Adjusted income taxes⁽¹⁾⁽²⁾ for the full year 2017 were $348 million ($265 million in 2016). The adjusted effective tax rate (adjusted ETR)⁽¹⁾⁽²⁾ improved by 2 p.p. to 37%, when compared to 2016. For 2018, we expect the adjusted ETR to be in the range of 30% to 32%, reflecting the positive impact of the recently enacted rate reductions in the U.S. and several other jurisdictions.

Net industrial debt was reduced to $0.9 billion at December 31, 2017, down $1.7 billion and $0.7 billion compared to September 30, 2017, and December 31, 2016, respectively, as a result of strong cash flow performance mainly arising from reduced working capital levels. Total debt was $25.9 billion at December 31, 2017, up $0.6 billion compared to December 31, 2016, with third party debt in Industrial Activities down $0.2 billion from December 31, 2016 to $6.5 billion (or down $0.8 billion at constant currency). At December 31, 2017, available liquidity⁽¹⁾⁽²⁾ was $9.4 billion, up $0.6 billion compared to December 31, 2016.

During the quarter, CNH Industrial N.V. issued $500 million in aggregate principal amount of 3.850% Notes due 2027. This was the first bond issued after the Company’s securities became eligible for the main investment grade indices in the U.S. market (following the assignment of the investment grade rating from Fitch and the upgrade to investment grade from S&P). This is the first 10-year term public bond ever issued by the Company.

(1) 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.

(2) Refer to the specific table in the “Other Supplemental Financial Information” section of this press release for the reconciliation between the non-GAAP financial measure and the most comparable GAAP financial measure.

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        2017 FOURTH QUARTER AND FULL YEAR RESULTS  

Segment Results

CNH INDUSTRIAL Revenues by Segment ($ million)
Year Ended December 31,											Three Months Ended December 31,
2017			2016			% change		% change excl. FX(1)			2017			2016			% change		% change excl. FX(1)
	11,130			10,120			10.0		8.0	Agricultural Equipment		3,240			2,829			14.5		10.9
	2,626			2,304			14.0		12.8	Construction Equipment		785			578			35.8		33.4
	10,415			9,553			9.0		7.0	Commercial Vehicles		3,212			2,799			14.8		8.0
	4,372			3,707			17.9		15.9	Powertrain		1,159			952			21.7		13.1
	(2,375	)		(2,015	)		—		—	Eliminations and other		(598	)		(476	)		—		—
	26,168			23,669			10.6		8.6	Total Industrial Activities		7,798			6,682			16.7		11.6
	1,625			1,570			3.5		1.3	Financial Services		420			397			5.8		3.0
	(432	)		(367	)		—		—	Eliminations and other		(116	)		(81	)		—		—
	27,361			24,872			10.0		8.1	Total		8,102			6,998			15.8		10.8

(1) “Change excl. FX” or “constant currency” 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.

CNH INDUSTRIAL Operating Profit (loss)(1) by Segment ($ million)
Year Ended December 31,															Three Months Ended December 31,
2017 Profit			2016 Profit			$ change		2017 Margin			2016 Margin				2017 Profit			2016 Profit			$ change		2017 Margin			2016 Margin
	949			818			131		8.5	%		8.1	%	Agricultural Equipment		279			272			7		8.6	%		9.6	%
	21			2			19		0.8	%		0.1	%	Construction Equipment		13			(30	)		43		1.7	%		(5.2	)%
	272			333			-61		2.6	%		3.5	%	Commercial Vehicles		94			131			-37		2.9	%		4.7	%
	362			232			130		8.3	%		6.3	%	Powertrain		102			61			41		8.8	%		6.4	%
	(85	)		(94	)		9		—			—		Eliminations and other		(20	)		(22	)		2		—			—
	1,519			1,291			228		5.8	%		5.5	%	Total Industrial Activities		468			412			56		6.0	%		6.2	%
	479			478			1		29.5	%		30.4	%	Financial Services		114			115			-1		27.1	%		29.0	%
	(336	)		(330	)		-6		—			—		Eliminations and other		(88	)		(86	)		-2		—			—
	1,662			1,439			223		6.1	%		5.8	%	Total		494			441			53		6.1	%		6.3	%

(1) Operating profit of Industrial Activities (a non-GAAP financial measure) is defined as net sales less cost of goods sold, selling, general and administrative expenses, and research and development expenses. Operating profit of Financial Services (a non-GAAP financial measure) is defined as revenues less selling, general and administrative expenses, interest expense and certain other operating expenses.

Agricultural Equipment’s net sales increased 10% for the full year 2017 compared to 2016 (up 8% on a constant currency basis). In LATAM, the increase was mainly due to higher industry volume, market share gains, a favorable mix of higher horsepower products and net price realization. Net sales increased in APAC mainly driven by favorable volume in Australia, Russia and South East Asia. In EMEA, net sales increased due to higher industry volume, a favorable product mix and net price realization. In NAFTA, net sales decreased as a result of de-stocking actions in our dealer network, primarily with the high horsepower tractors and the hay and forage product lines. NAFTA industry volumes were flat overall, with the row crop sector higher, offset by lower livestock sector volumes. In the fourth quarter of 2017, Agricultural Equipment’s net sales increased 15% compared to the fourth quarter of 2016 (up 11% on a constant currency basis). Net sales increased in EMEA, primarily driven by higher combine sales in preparation of the 2018 season and positive price realization. Net sales also increased in APAC and in LATAM. In NAFTA, net sales were flat.

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        2017 FOURTH QUARTER AND FULL YEAR RESULTS  

Full year 2017 operating profit was $949 million, a 16% increase compared to $818 million in 2016, mainly due to the favorable volume and product mix in all regions except NAFTA. One percent net price realization more than offset increases in raw material cost and unfavorable foreign exchange fluctuations. Agricultural Equipment also increased spending in research and development, primarily related to our new precision farming solutions, and in selling, general and administrative expenses, primarily associated with the increased sales activity. Operating margin increased 0.4 p.p. to 8.5%. In the fourth quarter of 2017, operating profit was $279 million ($272 million in the fourth quarter of 2016), with an operating margin of 8.6% (operating margin of 9.6% in the fourth quarter of 2016). Favorable volume, net price realization and lower warranty costs were partially offset by an unfavorable product mix, higher manufacturing costs in EMEA as a result of the transition to new regulatory requirements and an overall increase in research and development spending.

Construction Equipment’s net sales increased 14% in the full year 2017 compared to 2016 (up 13% on a constant currency basis), due to higher industry volume in all regions except EMEA, and net price realization, primarily in NAFTA and LATAM. In the fourth quarter of 2017, net sales increased 36% compared to the fourth quarter of 2016 (up 33% on a constant currency basis), driven by market growth in all regions.

Full year 2017 operating profit was $21 million compared to $2 million in 2016, with an operating margin of 0.8% (up 0.7 p.p. compared to 2016). The increase was due to higher volume including a positive overhead absorption and net price realization, partially offset by increases in raw material cost, unfavorable foreign exchange impacts on product components, and increased production costs. In the fourth quarter of 2017, operating profit was $13 million compared to an operating loss of $30 million in the fourth quarter of 2016. Higher industry volume and positive price realization, partially offset by ramp-up costs to accommodate increased production (up more than 50% in the quarter compared to the fourth quarter of 2016), to meet retail sales in the quarter, led to these improved results. Operating margin increased 6.9 p.p. to 1.7%. The global order book in Construction Equipment remains solid with an increase year-over-year of over 30%.

Commercial Vehicles’ net sales increased 9% in the full year 2017 compared to 2016 (up 7% on a constant currency basis) as result of higher truck and bus sales in EMEA, higher volume and mix in APAC, and recovering truck sales in LATAM, mainly in Argentina. In the fourth quarter of 2017, net sales increased 15% compared to the fourth quarter of 2016 (up 8% on a constant currency basis). In EMEA and APAC, net sales increased primarily as a result of higher volume and favorable mix. In LATAM, net sales were flat.

Full year 2017 operating profit was $272 million compared to $333 million in 2016, with an operating margin of 2.6% (down 0.9 p.p. compared to 2016). Operating profit increased in LATAM and APAC, mainly due to higher volume and favorable pricing. In EMEA, operating profit decreased as favorable volumes were more than offset by unfavorable mix, primarily associated with fleet-related channel sales, Euro 6 emission content costs, and the negative impact of the British pound devaluation. Increased spending in research and development on new product programs was more than offset by favorable manufacturing efficiencies. In the fourth quarter of 2017, operating profit was $94 million ($131 million in the fourth quarter of 2016), with an operating margin of 2.9% (down 1.8 p.p. compared to the fourth quarter of 2016). Favorable volume was more than offset by unfavorable mix, primarily associated with fleet-related channel sales, increases in product content costs and new product introductions, higher spending in research and development, and the unfavorable impact of the British pound devaluation.

4

        2017 FOURTH QUARTER AND FULL YEAR RESULTS  

Powertrain’s net sales increased 18% in the full year 2017 compared to 2016 (up 16% on a constant currency basis), due to higher volumes. Sales to external customers accounted for 48% of total net sales (47% in 2016). In the fourth quarter of 2017, net sales increased 22% compared to the fourth quarter of 2016 (up 13% on a constant currency basis), due to higher sales volumes to both captive and external customers.

Full year 2017 operating profit was $362 million, a $130 million increase compared to 2016, with an operating margin of 8.3%, up 2.0 p.p. compared to 2016. The improvement was due to higher volumes and manufacturing efficiencies. In the fourth quarter of 2017, operating profit was $102 million, a $41 million increase compared to the fourth quarter of 2016, as result of higher volumes, favorable mix and manufacturing efficiencies. Operating margin increased 2.4 p.p. to 8.8%, the highest quarterly margin ever reported in Powertrain’s history, reflecting the profitability of a well-balanced portfolio of engine applications.

Financial Services’ revenues totaled $1,625 million in the full year 2017, an increase of 4% compared to 2016 (up 1% on a constant currency basis), due to higher activity in all regions except NAFTA. In the fourth quarter of 2017, revenues totaled $420 million, an increase of 6% compared to the fourth quarter of 2016 (up 3% on a constant currency basis).

In 2017, retail loan originations (including unconsolidated joint ventures) were $9.1 billion, flat compared to 2016. The managed portfolio (including unconsolidated joint ventures) of $26.8 billion as of December 31, 2017 (of which retail was 61% and wholesale 39%) increased $2.0 billion compared to December 31, 2016. Excluding the impact of currency translation, the managed portfolio increased $0.6 billion compared to 2016.

Full year 2017 net income was $452 million, a $118 million increase compared to 2016 primarily attributable to an improvement in income taxes as a result of the revaluation of deferred tax liabilities following the U.S. Act enactment. Excluding the favorable tax impact, net income was flat compared to 2016, as stronger performances in the EMEA, LATAM and APAC regions were offset by a weaker result in NAFTA. In the fourth quarter of 2017, net income was $192 million, an increase of $109 million compared to the fourth quarter of 2016, mainly attributable to the revaluation of the U.S. deferred tax liabilities.

Dividends and Share Buy-back

The Board of Directors of CNH Industrial N.V. intends to recommend to the Company’s shareholders a dividend of €0.14 per common share, representing an increase of 27% over the prior year dividend, and totaling approximately €191 million ($237 million). Subject to the approval of the upcoming Annual General Meeting (expected on April 13, 2018), the ex-dividend date would be set at April 23, 2018.

The Board of Directors also intends to recommend to the Company’s shareholders the renewal of the authorization to repurchase up to a maximum of 10% of the Company’s issued common shares. After such authorization and subject to general and market conditions, the Company intends to launch a buy-back program up to $700 million, representing an increase of $400 million versus the current program.

5

        2017 FOURTH QUARTER AND FULL YEAR RESULTS  

Neither the renewal of the authorization, nor the launch of the program obliges the Company to repurchase any common shares and the program may be suspended, discontinued or modified at any time for any reason and without previous notice, in accordance with applicable laws and regulations.

2018 Outlook

Worldwide demand for agricultural equipment is expected to improve with all regions flat to up 5% on average. Farm incomes are expected to remain stable, leading to no significant changes in planted acreage. Construction equipment demand is forecasted to be up 5-10% in LATAM and APAC while remaining relatively flat to up slightly in EMEA and NAFTA. Commercial vehicle demand is expected to be up about 15% in LATAM and flat to slightly down in EMEA and APAC.

As a result of the forecasted improvement in product demand conditions, and the positive impact of changes in the Company’s capital structure, the Company is setting its full year 2018 guidance as follows:

• Net sales of Industrial Activities of $27 billion to $28 billion;

• Adjusted diluted EPS⁽¹⁾ of $0.63 to $0.67;

• Net industrial debt at the end of 2018 at $0.8 billion to $1.0 billion.

(1) Outlook is not provided on diluted EPS, the most comparable GAAP financial measure of this non-GAAP financial measure, as the income or expense excluded from the calculation of adjusted diluted EPS and instead included in the calculation of diluted EPS are, by definition, not predictable and uncertain.

6

        2017 FOURTH QUARTER AND FULL YEAR RESULTS  

About CNH Industrial

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

Additional Information

Today, at 4:00 p.m. CET / 3:00 p.m. GMT / 10:00 a.m. EST, management will hold a conference call to present 2017 fourth quarter and full year results. The call can be followed live online at: http://bit.ly/CNH_Industrial_FY_Q4_2017 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 conference call.

Non-GAAP Financial Information

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 they should not be considered as substitutes for measures of financial performance and financial position as prepared in accordance with U.S. GAAP and/or EU-IFRS.

CNH Industrial non-GAAP financial measures are defined as follows:

• Operating Profit under U.S. GAAP: Operating Profit of Industrial Activities is defined as net sales less cost of goods sold, selling, general and administrative expenses, and research and development expenses. Operating Profit of Financial Services is defined as revenues less selling, general and administrative expenses, interest expense and certain other operating expenses.

• Trading Profit under EU-IFRS: Trading Profit is derived from financial information prepared in accordance with EU-IFRS and is defined as net revenues less cost of sales, selling, general and administrative costs, research and development costs, and other operating income and expenses.

• Operating Profit under EU-IFRS: Operating Profit under EU-IFRS is computed starting from Trading Profit under EU-IFRS plus/minus restructuring costs, other income (expenses) that are unusual in the ordinary course of business (such as gains and losses on the disposal of investments and other unusual items arising from infrequent external events or market conditions).

• Adjusted Net Income (Loss): is defined as net income (loss), less restructuring charges and non-recurring items, after tax. In particular, non-recurring items are specifically disclosed items that management considers rare or discrete events that are infrequent in nature and not reflective of on-going operational activities.

• Adjusted Diluted EPS: is computed by dividing Adjusted Net Income (loss) attributable to CNH Industrial N.V. by a weighted-average number of common shares outstanding during the period that takes into consideration potential common shares outstanding deriving from the CNH Industrial share-based payment awards, when inclusion is not anti-dilutive. When we provide guidance for adjusted diluted EPS, we do not provide guidance on an earnings per share basis because the GAAP measure will include potentially significant items that have not yet occurred and are difficult to predict with reasonable certainty prior to year-end.

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        2017 FOURTH QUARTER AND FULL YEAR RESULTS  

• Adjusted Income Taxes: is defined as income taxes less the tax effect of restructuring expenses and non-recurring items and non-recurring tax charges.

• Adjusted Effective Tax Rate (Adjusted ETR): is computed by dividing a) adjusted income taxes by b) income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates, less restructuring expenses and non-recurring items.

• Net Debt and Net Debt of Industrial Activities (or Net Industrial Debt): Net Debt is defined as total debt less intersegment notes receivable, cash and cash equivalents, restricted cash and derivative hedging debt. CNH Industrial provides the reconciliation of Net Debt to Total Debt, which is the most directly comparable measure included in the consolidated balance sheets. Due to different sources of cash flows used for the repayment of the debt between Industrial Activities and Financial Services (by cash from operations for Industrial Activities and by collection of financing receivables for Financial Services), management separately evaluates the cash flow performance of Industrial Activities using Net Debt of Industrial Activities.

• Available Liquidity: is defined as cash and cash equivalents plus restricted cash and undrawn committed facilities.

• Change excl. FX or Constant Currency: CNH Industrial discusses the fluctuations in revenues on a constant currency basis by applying the prior year average exchange rates to current year’s revenues expressed in local currency in order to eliminate the impact of foreign exchange rate fluctuations.

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.

Forward-looking statements

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 settlement of the 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; 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

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        2017 FOURTH QUARTER AND FULL YEAR RESULTS  

“Brexit”, 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, 2016, prepared in accordance with U.S. GAAP, and in the Company’s EU Annual Report at December 31, 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 are based upon assumptions relating to the factors described in this 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. Forward-looking statements speak only as of the date on which such statements are made, and we undertake no obligation to update or revise publicly our 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.

Contacts
Media Inquiries	Investor Relations
United Kingdom	United Kingdom
Richard Gadeselli Tel: +44 207 7660 346	Federico Donati Tel: +44 207 7660 386
Laura Overall Tel: +44 207 7660 338	United States
	Noah Weiss Tel: +1 630 887 3745

E-mail: mediarelations@cnhind.com

www.cnhindustrial.com

9

CNH INDUSTRIAL N.V.

Condensed Consolidated Statements of Operations

For The Three Months and The Years Ended December 31, 2017 and 2016

(Unaudited)

(U.S. GAAP)

	Three Months Ended December 31,						Years Ended December 31,
($ million)	2017			2016			2017			2016
Revenues
Net sales		7,798			6,682			26,168			23,669
Finance and interest income		304			316			1,193			1,203
TOTAL REVENUES		8,102			6,998			27,361			24,872
Costs and Expenses
Cost of goods sold		6,455			5,525			21,621			19,539
Selling, general and administrative expenses		654			575			2,330			2,262
Research and development expenses		295			241			957			860
Restructuring expenses		16			13			93			44
Interest expense(1)		230			285			942			1,028
Other, net(2)		284			197			738			1,148
TOTAL COSTS AND EXPENSES		7,934			6,836			26,681			24,881
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN INCOME OF UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES		168			162			680			(9	)
Income tax (expense)(3)		(230	)		(119	)		(455	)		(298	)
Equity in income of unconsolidated subsidiaries and affiliates(4)		22			53			88			58
NET INCOME (LOSS)		(40	)		96			313			(249	)
Net income (loss) attributable to noncontrolling interests		6			1			18			3
NET INCOME (LOSS) ATTRIBUTABLE TO CNH INDUSTRIAL N.V.		(46	)		95			295			(252	)
(in $)
Earnings (loss) per share attributable to common shareholders
Basic		(0.03	)		0.07			0.22			(0.18	)
Diluted		(0.03	)		0.07			0.22			(0.18	)
Cash dividends declared per common share		—			—			0.118			0.148

Notes:

(1) In the three months and year ended December 31, 2017, Interest expense includes the charge of $8 million and $64 million, respectively, related to the repurchase/early redemption of notes. In the three months and year ended December 31, 2016, this item included the charge of $22 million and $60 million, respectively, related to the repurchase of notes.

(2) In the three months and year ended December 31, 2017, Other, net includes a non-cash charge of $92 million due to the deconsolidation of the Venezuelan operations effective December 31, 2017. In the three months and year ended December 31, 2016, this item included the non-recurring charge of $34 million due to the re-measurement and impairment of certain assets in Venezuela. In the year ended December 31, 2016, Other, net also included the non-recurring charge of $551 million related to the European Commission settlement.

(3) In the three months and year ended December 31, 2017, Income tax (expense) includes a non-cash tax charge of $123 million due to the U.S. Act and tax legislation changes in the UK and certain other countries. In the three months and year ended December 31, 2016, this item included a non-cash tax charge of $59 million accounted for in connection with the reorganization of Latin American operations, intended to simplify corporate structure and promote operational efficiencies, and including changes in valuation allowances recorded against deferred tax assets in the region.

(4) In the three months and year ended December 31, 2016, Equity in income of unconsolidated subsidiaries and affiliates included a net positive impact of $19 million and a net negative impact of $9 million, respectively, due to restructuring of our joint ventures in China.

10

CNH INDUSTRIAL N.V.

Condensed Consolidated Balance Sheets

As of December 31, 2017 and 2016

(Unaudited)

(U.S. GAAP)

($ million)	December 31, 2017		December 31, 2016
ASSETS
Cash and cash equivalents		5,430		5,017
Restricted cash		770		837
Financing receivables, net		19,842		18,662
Inventories, net		6,280		5,609
Property, plant and equipment, net and Equipment under operating leases		8,848		8,304
Intangible assets, net		3,264		3,236
Other receivables and assets		3,841		3,882
TOTAL ASSETS		48,275		45,547
LIABILITIES AND EQUITY
Debt		25,895		25,276
Other payables and liabilities		17,955		15,799
Total Liabilities		43,850		41,075
Redeemable noncontrolling interest		25		21
Equity attributable to CNH Industrial N.V.		4,390		4,444
Noncontrolling interests		10		7
Equity		4,400		4,451
TOTAL LIABILITIES AND EQUITY		48,275		45,547

11

CNH INDUSTRIAL N.V.

Condensed Consolidated Statements of Cash Flows

For The Years Ended December 31, 2017 and 2016

(Unaudited)

(U.S. GAAP)

($ million)	2017			2016
Net income (loss)		313			(249	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities		1,702			2,357
NET CASH PROVIDED BY OPERATING ACTIVITIES		2,015			2,108
NET CASH USED IN INVESTING ACTIVITIES		(932	)		(921	)
NET CASH USED IN FINANCING ACTIVITIES		(1,045	)		(1,538	)
Effect of foreign exchange rate changes on cash and cash equivalents		375			(16	)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		413			(367	)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		5,017			5,384
CASH AND CASH EQUIVALENTS, END OF YEAR		5,430			5,017

12

CNH INDUSTRIAL N.V.

Supplemental Statements of Operations

For The Three Months and the Years Ended December 31, 2017 and 2016

(Unaudited)

(U.S. GAAP)

	Industrial Activities												Financial Services
	Three Months Ended December 31,						Years Ended December 31,						Three Months Ended December 31,					Years Ended December 31,
($ million)	2017			2016			2017			2016			2017		2016			2017			2016
Revenues
Net sales		7,798			6,682			26,168			23,669			—		—			—			—
Finance and interest income		29			50			122			153			420		397			1,625			1,570
TOTAL REVENUES		7,827			6,732			26,290			23,822			420		397			1,625			1,570
Costs and Expenses
Cost of goods sold		6,455			5,525			21,621			19,539			—		—			—			—
Selling, general and administrative expenses		580			504			2,071			1,979			74		71			259			283
Research and development expenses		295			241			957			860			—		—			—			—
Restructuring expenses		15			13			90			43			1		—			3			1
Interest expense		142			200			604			694			147		131			555			521
Interest compensation to Financial Services		88			87			338			332			—		—			—			—
Other, net		192			114			396			855			90		81			341			294
TOTAL COSTS AND EXPENSES		7,767			6,684			26,077			24,302			312		283			1,158			1,099
INCOME (LOSS) BEFORE INCOME TAXES AND EQUITY IN INCOME OF UNCONSOLIDATED SUBSIDIARIES AND AFFILIATES		60			48			213			(480	)		108		114			467			471
Income tax (expense)		(307	)		(83	)		(413	)		(137	)		77		(36	)		(42	)		(161	)
Equity in income of unconsolidated subsidiaries and affiliates		15			48			61			34			7		5			27			24
Results from intersegment investments		192			83			452			334			—		—			—			—
NET INCOME (LOSS)		(40	)		96			313			(249	)		192		83			452			334

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.

13

CNH INDUSTRIAL N.V.

Supplemental Balance Sheets

As of December 31, 2017 and 2016

(Unaudited)

(U.S. GAAP)

	Industrial Activities				Financial Services
($ million)	December 31, 2017		December 31, 2016		December 31, 2017		December 31, 2016
ASSETS
Cash and cash equivalents		4,901		4,649		529		368
Restricted cash		—		—		770		837
Financing receivables, net		1,718		1,592		20,699		19,546
Inventories, net		6,064		5,396		216		213
Property, plant and equipment, net and Equipment under operating leases		7,036		6,412		1,812		1,892
Intangible assets, net		3,095		3,068		169		168
Other receivables and assets		6,277		6,145		828		789
TOTAL ASSETS		29,091		27,262		25,023		23,813
LIABILITIES AND EQUITY
Debt		7,396		7,691		21,075		20,061
Other payables and liabilities		17,270		15,099		1,134		1,200
Total Liabilities		24,666		22,790		22,209		21,261
Redeemable noncontrolling interest		25		21		—		—
Equity		4,400		4,451		2,814		2,552
TOTAL LIABILITIES AND EQUITY		29,091		27,262		25,023		23,813

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.

14

CNH INDUSTRIAL N.V.

Supplemental Statements of Cash Flows

For The Years Ended December 31, 2017 and 2016

(Unaudited)

(U.S. GAAP)

	Industrial Activities						Financial Services
($ million)	2017			2016			2017			2016
Net income (loss)		313			(249	)		452			334
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities		2,103			1,968			(496	)		396
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		2,416			1,719			(44	)		730
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES		(1,450	)		(759	)		472			(267	)
NET CASH USED IN FINANCING ACTIVITIES		(1,075	)		(815	)		(281	)		(959	)
Effect of foreign exchange rate changes on cash and cash equivalents		361			(47	)		14			31
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		252			98			161			(465	)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		4,649			4,551			368			833
CASH AND CASH EQUIVALENTS, END OF YEAR		4,901			4,649			529			368

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.

15

CNH INDUSTRIAL N.V.

Other Supplemental Financial Information

(Unaudited)

CNH INDUSTRIAL Reconciliation of Operating Profit to Net Income (loss) under U.S. GAAP ($ million)
Year Ended December 31,							Three Months Ended December 31,
2017			2016				2017			2016
	1,662			1,439		Total Operating Profit		494			441
	93			44		Restructuring expenses		16			13
	484			543		Interest expenses of Industrial Activities, net of interest income and eliminations(1)		114			151
	(405	)		(861	)	Other, net(2)		(196	)		(115	)
	680			(9	)	Income (loss) before income taxes and equity in income of unconsolidated subsidiaries and affiliates		168			162
	(455	)		(298	)	Income tax (expense)(3)		(230	)		(119	)
	88			58		Equity in income of unconsolidated subsidiaries and affiliates(4)		22			53
	313			(249	)	Net income (loss)		(40	)		96

(1) In the year ended December 31, 2017, Interest expenses includes the charge of $56 million related to the repurchase/early redemption of notes. In the three months and year ended December 31, 2016, this item included the charge of $22 million and $60 million, respectively, related to the repurchase of notes.

(2) In the three months and year ended December 31, 2017, Other, net includes a non-cash charge of $92 million due to the deconsolidation of Venezuelan operations effective December 31, 2017. In the three months and year ended December 31, 2016, this item included the non-recurring charge of $34 million due to the re-measurement and impairment of certain assets in Venezuela. In the year ended December 31, 2016, Other, net also included the non-recurring charge of $551 million related to the European Commission settlement.

(3) In the three months and year ended December 31, 2017, Income tax (expense) includes a non-cash tax charge of $123 million due to the U.S. Act and tax legislation changes in the UK and certain other countries. In the three months and year ended December 31, 2016, Income tax (expense) included a non-cash tax charge of $59 million accounted for in connection with the reorganization of Latin American operations, intended to simplify corporate structure and promote operational efficiencies, and including changes in valuation allowances recorded against deferred tax assets in the region.

(4) In the three months and year ended December 31, 2016, Equity in income of unconsolidated subsidiaries and affiliates included a net positive impact of $19 million and a net negative impact of $9 million, respectively, due to the restructuring of our joint ventures in China.

CNH INDUSTRIAL Reconciliation of Total Debt to Net debt under U.S. GAAP ($ million)
	Consolidated					Industrial Activities					Financial Activities
	December 31, 2017			December 31, 2016		December 31, 2017			December 31, 2016		December 31, 2017		December 31, 2016
Third party debt		25,895			25,276		6,461			6,694		19,434		18,582
Intersegment notes payable		—			—		935			997		1,641		1,479
Total Debt(1)		25,895			25,276		7,396			7,691		21,075		20,061
Less:
Cash and cash equivalents		5,430			5,017		4,901			4,649		529		368
Restricted cash		770			837		—			—		770		837
Intersegment notes receivable		—			—		1,641			1,479		935		997
Derivatives hedging debt		(7	)		2		(7	)		2		—		—
Net debt (cash)(2)		19,702			19,420		861			1,561		18,841		17,859

(1) Total Debt of Industrial Activities includes Intersegment notes payable to Financial Services of $935 million and $997 million as of December 31, 2017 and 2016, respectively. Total Debt of Financial Services includes Intersegment notes payable to Industrial Activities of $1,641 million and $1,479 million as of December 31, 2017 and 2016, respectively.

(2) The net intersegment receivable/payable balance owed by Financial Services to Industrial Activities was $706 million and $482 million as of December 31, 2017 and 2016, respectively.

CNH INDUSTRIAL Reconciliation of Cash and cash equivalents to Available liquidity under U.S. GAAP ($ million)
	December 31, 2017		December 31, 2016
Cash and cash equivalents		5,430		5,017
Restricted cash		770		837
Undrawn committed facilities		3,180		2,890
Available liquidity		9,380		8,744

16

CNH INDUSTRIAL N.V.

Other Supplemental Financial Information

(Unaudited)

CNH INDUSTRIAL

Change in Net industrial debt under U.S. GAAP ($ million)

Year Ended December 31,							Three Months Ended December 31,
2017			2016				2017			2016
	(1,561	)		(1,578	)	Net industrial (debt)/cash at beginning of period		(2,575	)		(2,673	)
	313			(249	)	Net income (loss)		(40	)		96
	—			551		Add back European Commission settlement(1)		—			—
	56			60		Add back cost of repurchase/early redemption of notes(1)		—			22
	720			710		Amortization and depreciation(2)		184			177
	485			194		Changes in provisions and similar(3)		418			91
	130			330		Change in working capital		1,274			1,319
	(488	)		(501	)	Investments in property, plant and equipment, and intangible assets(2)		(211	)		(211	)
	73			(50	)	Other changes		59			50
	1,289			1,045		Net industrial cash flow		1,684			1,544
	(193	)		(221	)	Capital increases and dividends(4)		(11	)		(2	)
	(396	)		(807	)	Currency translation differences and other(5)		41			(430	)
	700			17		Change in Net industrial debt		1,714			1,112
	(861	)		(1,561	)	Net industrial (debt)/cash at end of period		(861	)		(1,561	)

(1) Add back item to be excluded from the calculation of net industrial cash flow.

(2) Excluding assets sold under buy-back commitments and assets under operating leases.

(3) This item also includes changes in items related to assets sold under buy-back commitments, and assets under operating leases. In the three months ended December 31, 2016, this item excluded the funds utilization due to the payment of the $551 million following European Commission settlement.

(4) This item also includes share buy-back transactions.

(5) In the year ended December 31, 2017, this item includes the charge of $56 million related to the repurchase/early redemption of notes. In the three months and year ended December 31, 2016, this item included the charge of $22 million and $60 million, respectively, related to the repurchase of notes. In the year ended December 31, 2016, this item also included the payment of the European Commission settlement.

17

CNH INDUSTRIAL N.V.

Other Supplemental Financial Information

(Unaudited)

CNH INDUSTRIAL

Reconciliation of Adjusted net income and Adjusted income tax (expense) to Net income (loss) and Income tax (expense) and calculation of Adjusted diluted EPS and Adjusted ETR under U.S.GAAP

($ million, except per share data)

Year Ended December 31,						Three Months Ended December 31,
2017		2016				2017			2016
	313		(249	)	Net income (loss)		(40	)		96
	249		689		Adjustments impacting Income (loss) before income tax (expense) and equity in income of unconsolidated subsidiaries and affiliates (a)		116			69
	107		33		Adjustments impacting Income tax (expense) (b)		121			51
	—		9		Adjustments impacting Equity in income of unconsolidated subsidiaries and affiliates (c)		—			(19	)
	669		482		Adjusted net income		197			197
	651		478		Adjusted net income attributable to CNH Industrial N.V.		191			195
	1,367		1,364		Weighted average shares outstanding – diluted (million)		1,367			1,364
	0.48		0.35		Adjusted diluted EPS ($)		0.14			0.14
	680		(9	)	Income (loss) before income tax (expense) and equity in income of unconsolidated subsidiaries and affiliates		168			162
	249		689		Adjustments impacting Income (loss) before income tax (expense) and equity in income of unconsolidated subsidiaries and affiliates (a)		116			69
	929		680		Adjusted income (loss) before income tax (expense) and equity in income of unconsolidated subsidiaries and affiliates (A)		284			231
	(455)		(298	)	Income tax (expense)		(230	)		(119	)
	107		33		Adjustments impacting Income tax (expense) (b)		121			51
	(348)		(265	)	Adjusted income tax (expense) (B)		(109	)		(68	)
	37%		39	%	Adjusted Effective Tax Rate (Adjusted ETR) (C=B/A)		38	%		29	%
	a) Adjustments impacting Income (loss) before income tax (expense) and equity in income of unconsolidated subsidiaries and affiliates
	93		44		Restructuring expenses		16			13
	92		34		Venezuelan re-measurement and impairment of assets, and 2017 year-end deconsolidation of Venezuelan operations		92			34
	—		551		European Commission settlement		—			—
	64		60		Cost of repurchase/early redemption of notes		8			22
	249		689		Total		116			69
	b) Adjustments impacting Income tax (expense)
	(16)		(26	)	Tax effect of adjustments impacting Income (loss) before income tax (expense) and equity in income of unconsolidated subsidiaries and affiliates		(2	)		(8	)
	123		—		Tax charges due to the U.S. Act and tax legislation changes in the UK and certain other countries(1)		123			—
	—		59		Tax charge on LATAM corporate reorganization		—			59
	107		33		Total		121			51
	c) Adjustments impacting Equity in income of unconsolidated subsidiaries and affiliates
	—		9		Chinese JVs restructuring		—			(19	)
	—		9		Total		—			(19	)

(1) This item includes the estimated impact from the U.S. Act. This estimate may change, potentially materially, as a result of regulations or regulatory guidance that may be issued, changes in interpretations affecting assumptions underlying the estimate, refinement of our calculations, and actions that may be taken, including actions in response to the U.S. Act.

18

CNH INDUSTRIAL N.V.

Other Supplemental Financial Information

(Unaudited)

CNH INDUSTRIAL

Revenues by Segment under EU-IFRS ($ million)

Year Ended December 31,									Three Months Ended December 31,
2017			2016			% change			2017			2016			% change
	11,130			10,120			10.0	Agricultural Equipment		3,240			2,829			14.5
	2,626			2,304			14.0	Construction Equipment		785			578			35.8
	10,668			9,748			9.4	Commercial Vehicles		3,292			2,852			15.4
	4,374			3,713			17.8	Powertrain		1,160			953			21.7
	(2,375	)		(2,015	)		—	Eliminations and other		(598	)		(476	)		—
	26,423			23,870			10.7	Total of Industrial Activities		7,879			6,736			17.0
	2,035			1,924			5.8	Financial Services		537			512			4.9
	(511	)		(466	)		—	Eliminations and other		(134	)		(117	)		—
	27,947			25,328			10.3	Total		8,282			7,131			16.1

CNH INDUSTRIAL

Trading profit/(loss)⁽¹⁾ by Segment under EU-IFRS ($ million)

Year Ended December 31,									Three Months Ended December 31,
2017			2016			Change			2017			2016			Change
	621			523			98	Agricultural Equipment		183			201			-18
	(50	)		(86	)		36	Construction Equipment		0			(60	)		60
	134			214			-80	Commercial Vehicles		38			84			-46
	355			219			136	Powertrain		109			64			45
	(93	)		(94	)		1	Eliminations and other		(19	)		(20	)		1
	967			776			191	Total of Industrial Activities		311			269			42
	470			472			-2	Financial Services		109			113			-4
	—			—			—	Eliminations and other		—			—			—
	1,437			1,248			189	Total		420			382			38

(1) 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.

CNH INDUSTRIAL

Key Balance Sheet data under EU-IFRS ($ million)

	December 31, 2017			December 31, 2016
Total Assets		50,769			47,834
Total Equity		6,846			6,634
Equity attributable to CNH Industrial N.V.		6,831			6,623
Net debt		(19,835	)		(19,734	)
Of which Net industrial debt(1)		(976	)		(1,822	)

(1) 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.

19

CNH INDUSTRIAL N.V.

Other Supplemental Financial Information

(Unaudited)

CNH INDUSTRIAL

Net income reconciliation U.S. GAAP to EU-IFRS ($ million)

Year Ended December 31,							Three Months Ended December 31,
2017			2016				2017			2016
	313			(249	)	Net income (loss) in accordance with U.S. GAAP		(40	)		96
						Adjustments to conform with EU-IFRS:
	(92	)		(126	)	Development costs		(12	)		(35	)
	86			49		Other adjustments		47			5
	99			48		Tax impact on adjustments		78			30
	71			(93	)	Deferred tax assets and tax contingencies recognition		103			(70	)
	164			(122	)	Total adjustments		216			(70	)
	477			(371	)	Profit (loss) in accordance with EU-IFRS		176			26

CNH INDUSTRIAL

Total Equity reconciliation U.S. GAAP to EU-IFRS ($ million)

	December 31, 2017			December 31, 2016
Total Equity under U.S. GAAP		4,400			4,451
Adjustments to conform with EU-IFRS:
Development costs		2,477			2,374
Other adjustments		(112	)		(121	)
Tax impact on adjustments		(645	)		(655	)
Deferred tax assets and tax contingencies recognition		726			585
Total adjustments		2,446			2,183
Total Equity under EU-IFRS		6,846			6,634

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:

	Average 2017		At December 31, 2017		Average 2016		At December 31, 2016
Euro		0.885		0.834		0.903		0.949
Pound sterling		0.776		0.740		0.740		0.812
Swiss franc		0.984		0.976		0.985		1.019
Polish zloty		3.768		3.483		3.941		4.184
Brazilian real		3.192		3.313		3.485		3.254
Canadian dollar		1.297		1.254		1.324		1.346
Argentine peso		16.539		18.840		14.750		15.850
Turkish lira		3.648		3.791		3.020		3.517

20

CNH INDUSTRIAL N.V.

Condensed Consolidated Income Statement

For The Three Months and The Years Ended December 31, 2017 and 2016

(Unaudited)

(EU-IFRS)

	Three Months Ended December 31,						Years Ended December 31,
($ million)	2017			2016			2017			2016
Net revenues		8,282			7,131			27,947			25,328
Cost of sales(1)		6,859			5,900			23,064			20,866
Selling, general and administrative costs		621			541			2,230			2,129
Research and development costs		338			292			1,098			1,017
Other income/(expenses)		(44	)		(16	)		(118	)		(68	)
TRADING PROFIT/(LOSS)		420			382			1,437			1,248
Gains/(losses) on the disposal of investments		—			1			—			1
Restructuring costs		15			12			91			43
Other unusual income/(expenses)(2)		(63	)		(8	)		(55	)		(568	)
OPERATING PROFIT/(LOSS)		342			363			1,291			638
Financial income/(expenses)(3)		(143	)		(230	)		(626	)		(713	)
Result from investments(4):		26			52			97			47
Share of the profit/(loss) of investees accounted for using the equity method		26			58			97			53
Other income/(expenses) from investments		—			(6	)		—			(6	)
PROFIT/(LOSS) BEFORE TAXES		225			185			762			(28	)
Income tax (expense)(5)		(49	)		(159	)		(285	)		(343	)
PROFIT/(LOSS) FROM CONTINUING OPERATIONS		176			26			477			(371	)
PROFIT/(LOSS)		176			26			477			(371	)
PROFIT/(LOSS) ATTRIBUTABLE TO:
Owners of the parent		170			26			460			(373	)
Non-controlling interests		6			—			17			2
(in $)
BASIC EARNINGS/(LOSS) PER COMMON SHARE		0.13			0.02			0.34			(0.27	)
DILUTED EARNINGS/(LOSS) PER COMMON SHARE		0.13			0.02			0.34			(0.27	)

Notes:

(1) In the three months and year ended December 31, 2017, Cost of sales includes the charge of $8 million related to the early redemption of notes.

(2) In the three months and year ended December 31, 2017, Other unusual income/(expenses) includes a non-cash charge of $50 million due to the deconsolidation of the Venezuelan operations effective December 31, 2017. In the year ended December 31, 2016, this item included the non-recurring charge of $551 million related to the European Commission settlement.

(3) In the year ended December 31, 2017, Financial income/(expenses) includes the charge of $56 million related to the repurchase/early redemption of notes. In the three months and year ended December 31, 2016, this item included the charge of $22 million and $60 million, respectively, related to the repurchase of notes, as well as the non-recurring charge of $34 million due to the re-measurement and impairment of certain assets in Venezuela.

(4) In the three months and year ended December 31, 2016, Result from investments included a net positive impact of $15 million and a net negative impact of $27 million, respectively, due to the restructuring of our joint ventures in China.

(5) In the three months and year ended December 31, 2017, Income tax (expense) includes a non-cash tax benefit of $22 million due to the U.S. Act and tax legislation changes in the UK and certain other countries. In the three months and year ended December 31, 2016, this item included a non-cash tax charge of $74 million accounted for in connection with the reorganization of Latin American operations, intended to simplify corporate structure and promote operational efficiencies, and including changes in valuation allowances recorded against deferred tax assets in the region.

21

CNH INDUSTRIAL N.V.

Condensed Consolidated Statement of Financial Position

As of December 31, 2017 and 2016

(Unaudited)

(EU-IFRS)

($ million)	December 31, 2017		December 31, 2016
ASSETS
Intangible assets		5,644		5,504
Property, plant and equipment and Leased assets		8,675		8,185
Inventories		6,453		5,732
Receivables from financing activities		19,842		18,662
Cash and cash equivalents		6,200		5,854
Other receivables and assets		3,955		3,897
TOTAL ASSETS		50,769		47,834
EQUITY AND LIABILITIES
Issued capital and reserves attributable to owners of the parent		6,831		6,623
Non-controlling interests		15		11
Total Equity		6,846		6,634
Debt		26,014		25,434
Other payables and liabilities		17,909		15,766
Total Liabilities		43,923		41,200
TOTAL EQUITY AND LIABILITIES		50,769		47,834

22

CNH INDUSTRIAL N.V.

Condensed Consolidated Statement of Cash Flows

For The Years Ended December 31, 2017 and 2016

(Unaudited)

(EU-IFRS)

($ million)	2017			2016
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR		5,854			6,311
Profit/(loss)		477			(371	)
Adjustments to reconcile profit/(loss) to cash flows from/(used in) operating activities		1,963			1,738
CASH FLOWS FROM/(USED IN) OPERATING ACTIVITIES		2,440			1,367
CASH FLOWS FROM/(USED IN) INVESTMENT ACTIVITIES		(1,349	)		(453	)
CASH FLOWS FROM/(USED IN) FINANCING ACTIVITIES		(1,140	)		(1,340	)
Translation exchange differences		395			(31	)
TOTAL CHANGE IN CASH AND CASH EQUIVALENTS		346			(457	)
CASH AND CASH EQUIVALENTS AT END OF YEAR		6,200			5,854

23