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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Weighted-Average Assumptions Used under Black-Scholes/Monte Carlo

As a significant majority of the awards (approximately 90% of total awards as of December 31, 2015) was issued on June 9 and 25, 2014, the key assumptions utilized to calculate the grant-date fair values for awards issued on these two grant dates are listed below:

 

 

Key Assumptions for awards issued on

 

 

June 9, 2014

June 25, 2014

Expected Volatility

44.5%

44.1%

Dividend yield

2.6%

2.7%

Risk-free rate

1.69%

1.68%

 

Performance-Based Share Activity

The following table reflects the share activity under the Company Performance LTI for the year ended December 31, 2015:

 

 

 

2015

 

 

 

Number of

Shares

 

 

Grant-Date

Fair Value

(in €)

 

Nonvested at beginning of year

 

 

1,000,000

 

 

7.795

 

Granted

 

 

 

 

 

Forfeited

 

 

 

 

 

Vested

 

 

(1,000,000

)

 

7.795

 

Nonvested at end of year

 

 

 

 

 

 

The following table reflects the share activity under the Retention LTI for the year ended December 31, 2015:

 

 

 

 

 

2015

 

 

 

Number of

Shares

 

 

Grant-Date

Fair Value

(in €)

 

Nonvested at beginning of year

 

 

366,666

 

 

7.795

 

Granted

 

 

 

 

 

Forfeited

 

 

 

 

 

Vested

 

 

(366,666

)

 

7.795

 

Nonvested at end of year

 

 

 

 

 

 

Additional Share Based Compensation Information

The table below provides additional share-based compensation information for the years ended December 31, 2015, 2014 and 2013:

 

 

2015

 

 

2014

 

 

2013

 

 

 

(in millions)

 

Total intrinsic value of options exercised

 

$

1

 

 

$

5

 

 

$

30

 

Fair value of shares vested

 

$

36

 

 

$

32

 

 

$

50

 

Cash received from share award exercises

 

$

8

 

 

$

10

 

 

$

63

 

Tax benefit of options exercised and shares vested

 

$

 

 

$

 

 

$

3

 

 

CNH EIP [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Weighted-Average Assumptions Used under Black-Scholes/Monte Carlo

 

The Black-Scholes pricing model was used to calculate the fair value of stock options for options granted in 2012 under the CNH EIP. The assumptions used under the Black-Scholes pricing model were as follows:

 

 

 

2012

 

 

Risk-free interest rate

 

 

0.40

%

 

Expected dividend yield

 

 

0.00

%

 

Price volatility of CNH Global N.V. shares

 

 

51.70

%

 

Option life (years)

 

 

3.39

 

 

 

Summary of Outstanding Stock Options

The following table summarizes outstanding stock options under the CNH EIP at December 31, 2015:

 

 

 

Options Outstanding

 

 

Options Exercisable

 

Range of

Exercise Price

 

Shares

Outstanding

 

 

Weighted-

Average

Remaining

Contractual

Life

 

 

Weighted-

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value(A)

 

 

Shares

Exercisable

 

 

Weighted-

Average

Remaining

Contractual

Life

 

 

Weighted-

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value(A)

 

$5.01–$10.00

 

 

4,491,907

 

 

 

1.6

 

 

$

8.32

 

 

$

30,755

 

 

 

4,491,907

 

 

 

1.6

 

 

$

8.32

 

 

$

30,755

 

$10.01–$15.00

 

 

4,278,010

 

 

 

1.2

 

 

$

10.15

 

 

$

 

 

 

4,278,010

 

 

 

1.2

 

 

$

10.15

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

30,755

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

30,755

 

 

 

(A) The difference between the exercise price of share-based compensation and the year-end market price of CNH Industrial common shares of $6.84. No amount is shown for awards with an exercise price that is greater than the year-end market price.

Stock Option Activity

The following table reflects the stock option activity under the CNH EIP for the year ended December 31, 2015:

 

 

 

2015

 

 

 

Shares

 

 

Weighted-

Average

Exercise

Price

 

Outstanding at beginning of year

 

 

10,861,553

 

 

$

9.03

 

Forfeited

 

 

(1,033,560

)

 

$

9.58

 

Expired

 

 

 

 

$

 

Exercised

 

 

(1,058,075

)

 

$

6.95

 

Outstanding at end of year

 

 

8,769,918

 

 

$

9.21

 

Exercisable at end of year

 

 

8,769,918

 

 

$

9.21

 

 

CNH EIP [Member] | Performance Shares [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Performance-Based Share Activity

The following table reflects the activity of performance-based share units under CNH Industrial EIP for the year ended December 31, 2015:

 

 

 

2015

 

 

 

Performance

Shares

 

 

Weighted

Average

Grant-Date

Fair Value

 

Nonvested at beginning of year

 

 

12,101,760

 

 

$

8.84

 

Granted

 

 

980,400

 

 

$

6.25

 

Forfeited

 

 

(1,490,900

)

 

$

8.69

 

Vested

 

 

 

 

$

 

Nonvested at end of year

 

 

11,591,260

 

 

$

8.64

 

 

CNH EIP [Member] | Restricted Stock Units [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Restricted-Based Share Activity

The following table reflects the activity of restricted share units under CNH Industrial EIP for the year ended December 31, 2015:

 

 

2015

 

 

 

Restricted

Shares

 

 

Weighted

Average

Grant-Date

Fair Value

 

Nonvested at beginning of year

 

 

3,512,139

 

 

$

9.88

 

Granted

 

 

1,531,900

 

 

$

8.08

 

Forfeited

 

 

(158,186

)

 

$

9.29

 

Vested

 

 

(1,140,333

)

 

$

10.21

 

Nonvested at end of year

 

 

3,745,520

 

 

$

9.67

 

 

The following table reflects the activity of restricted share units under CNH EIP for the year ended December 31, 2015:

 

 

 

2015

 

 

 

Restricted

Shares

 

 

Weighted

Average

Grant-Date

Fair Value

 

Nonvested at beginning of year

 

 

3,191,444

 

 

$

7.82

 

Granted

 

 

 

 

$

 

Forfeited

 

 

(78,869

)

 

$

8.79

 

Vested

 

 

(3,112,575

)

 

$

7.79

 

Nonvested at end of year

 

 

 

 

$