Equipment on Operating Leases (Tables)

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

Summary of Equipment on Operating Leases

A summary of equipment on operating leases as of December 31, 2015, and 2014 is as follows:

	2015			2014
	(in millions)
Equipment on operating leases	$	2,127		$	1,814
Accumulated depreciation		(292	)		(296	)
Net equipment on operating leases	$	1,835		$	1,518

Lease Payments Owed for Equipment Under Operating Leases

Lease payments owed to CNH Industrial for equipment under non-cancelable operating leases as of December 31, 2015, are as follows:

	Amount
	(in millions)
2016	$	187
2017		112
2018		46
2019		14
2020		29
Beyond 5 years		1
Total	$	389