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EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS (Tables)
 9 Months Ended
Sep. 30, 2019
Postemployment Benefits [Abstract]  
Summary of Net Periodic Benefit Cost
The following table summarizes the components of net periodic benefit cost of CNH Industrial’s defined benefit pension plans and postretirement health and life insurance plans for the three and nine months ended September 30, 2019 and 2018:
 
Pension
 
Healthcare
 
Other
 
Three Months Ended September 30,
 
Three Months Ended September 30,
 
Three Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
(in millions)
Service cost
$
5

 
$
6

 
$
1

 
$
1

 
$
4

 
$
3

Interest cost
19

 
18

 
3

 
5

 
—

 
1

Expected return on assets
(26
)
 
(27
)
 
(2
)
 
(1
)
 
—

 
—

Amortization of:
 
 
 
 
 
 
 
 
 
 
 
Prior service credit
1

 
—

 
(33
)
 
(31
)
 
—

 
1

Actuarial loss
17

 
18

 
1

 
2

 
—

 
—

Net periodic benefit cost
$
16


$
15


$
(30
)

$
(24
)

$
4


$
5

 
Pension
 
Healthcare
 
Other
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
(in millions)
Service cost
$
17

 
$
19

 
$
4

 
$
4

 
$
10

 
$
11

Interest cost
57

 
54

 
11

 
19

 
2

 
2

Expected return on assets
(76
)
 
(84
)
 
(6
)
 
(5
)
 
—

 
—

Amortization of:
 
 
 
 
 
 
 
 
 
 
 
Prior service credit
1

 
(1
)
 
(93
)
 
(52
)
 
1

 
1

Actuarial loss
51

 
56

 
1

 
5

 
—

 
1

Net periodic benefit cost
$
50

 
$
44

 
$
(83
)
 
$
(29
)
 
$
13

 
$
15