Debt (Tables)

12 Months Ended

Dec. 31, 2019

A summary of issued bonds outstanding as of December 31, 2019, is as follows:



	Currency	Face value of outstanding bonds (in millions)	Coupon		Maturity	Outstanding amount ($ millions)
Industrial Activities
Industrial Activities
Euro Medium Term Notes:
CNH Industrial Finance Europe S.A. ⁽¹⁾	EUR	367	2.875	%	September 27, 2021	413
CNH Industrial Finance Europe S.A. ⁽¹⁾	EUR	75	1.625	%	March 29, 2022	84
CNH Industrial Finance Europe S.A. ⁽¹⁾	EUR	316	1.375	%	May 23, 2022	355
CNH Industrial Finance Europe S.A. ⁽¹⁾	EUR	369	2.875	%	May 17, 2023	414
CNH Industrial Finance Europe S.A. ⁽¹⁾	EUR	650	1.750	%	September 12, 2025	730
CNH Industrial Finance Europe S.A. ⁽¹⁾	EUR	100	3.500	%	November 12, 2025	112
CNH Industrial Finance Europe S.A. ⁽¹⁾	EUR	500	1.875	%	January 19, 2026	562
CNH Industrial Finance Europe S.A. ⁽¹⁾	EUR	600	1.750	%	March 25, 2027	674
CNH Industrial Finance Europe S.A. ⁽¹⁾	EUR	50	3.875	%	April 21, 2028	56
CNH Industrial Finance Europe S.A. ⁽¹⁾	EUR	500	1.625	%	July 3, 2029	562
CNH Industrial Finance Europe S.A. ⁽¹⁾	EUR	50	2.200	%	July 15, 2039	56
Other Bonds:
CNH Industrial N.V. ⁽²⁾	USD	600	4.500	%	August 15, 2023	600
CNH Industrial N.V. ⁽²⁾	USD	500	3.850	%	November 15, 2027	500
Hedging effects, bond premium/discount, and unamortized issuance costs						(57		)
Total Industrial Activities						$	5,061
Financial Services
CNH Industrial Capital LLC	USD	600	4.375	%	November 6, 2020	600
CNH Industrial Capital LLC	USD	500	4.875	%	April 1, 2021	500
CNH Industrial Capital LLC	USD	400	3.875	%	October 15, 2021	400
CNH Industrial Capital LLC	USD	500	4.375	%	April 5, 2022	500
CNH Industrial Capital Australia Pty Ltd.	AUD	175	2.100	%	December 12, 2022	123
CNH Industrial Capital LLC	USD	500	4.200	%	January 15, 2024	500
Hedging effects, bond premium/discount, and unamortized issuance costs						26
Total Financial Services						$	2,649

(1) Bond listed on the Irish Stock Exchange

(2) Bond listed on the New York Stock Exchange

A summary of total debt as of December 31, 2019 and 2018, is as follows:



	2019						2018
	Industrial Activities		Financial Services		Total		Industrial Activities		Financial Services		Total
	(in millions)
	(in millions)
Total Bonds	$	5,061	$	2,649	$	7,710	$	4,888	$	2,990	$	7,878
Asset-backed debt	—		11,757		11,757		—		11,268		11,268
Other debt	165		5,222		5,387		323		4,976		5,299
Intersegment debt	1,332		1,120		—		1,136		1,202		—
Total Debt	$	6,558	$	20,748	$	24,854	$	6,347	$	20,436	$	24,445

Schedule of minimum annual repayments of debt

A summary of the minimum annual repayments of debt as of December 31, 2019, for 2020 and thereafter is as follows:



	Industrial Activities		Financial Services		Consolidated
	(in millions)
2020	$	34	$	10,439	$	10,473
2021	427		4,757		5,184
2022	458		2,372		2,830
2023	1,034		905		1,939
2024	4		987		991
2025 and thereafter	3,269		168		3,437
Intersegment	1,332		1,120		—
Total	$	6,558	$	20,748	$	24,854