OTHER LIABILITIES

6 Months Ended

Jun. 30, 2020

Other Liabilities Disclosure [Abstract]

OTHER LIABILITIES

OTHER LIABILITIES

A summary of Other liabilities as of June 30, 2020 and December 31, 2019 is as follows:

	June 30, 2020		December 31, 2019
	(in millions)
Repurchase price on buy-back agreements	$	1,230	$	1,472
Warranty and campaign programs	903		919
Marketing and sales incentive programs	1,185		1,279
Tax payables	587		696
Accrued expenses and deferred income	660		639
Accrued employee benefits	624		562
Lease liabilities	396		449
Legal reserves and other provisions	324		299
Contract reserve	349		319
Contract liabilities(1)	1,134		1,236
Restructuring reserve	73		103
Other	923		866
Total	$	8,388	$	8,839

(1)Contract liabilities include $573 million and $657 million at June 30, 2020 and December 31, 2019, respectively, for future rents related to buy-back agreements.

Warranty and Campaign Programs

CNH Industrial pays for basic warranty and other service action costs. A summary of recorded activity for the three and six months ended June 30, 2020 and 2019 for the basic warranty and accruals for campaign programs are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(in millions)				(in millions)
Balance at beginning of period	$	887	$	915	$	919	$	925
Current year additions	157		220		342		404
Claims paid	(152)		(203)		(322)		(383)
Currency translation adjustment and other	11		9		(36)		(5)
Balance at June 30, 2020	$	903	$	941	$	903	$	941

Restructuring Provision

The Company incurred restructuring expenses of $7 million and $12 million during the three and six months ended June 30, 2020, respectively. The Company incurred restructuring expenses of $28 million and $36 million during the three and six months ended June 30, 2019, respectively.