EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS (Tables)

6 Months Ended

Jun. 30, 2020

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 six months ended June 30, 2020 and 2019:

	Pension				Healthcare				Other
	Three Months Ended June 30,				Three Months Ended June 30,				Three Months Ended June 30,
	2020		2019		2020		2019		2020		2019
	(in millions)
Service cost	$	6	$	6	$	1	$	2	$	4	$	3
Interest cost	12		19		2		4		1		1
Expected return on assets	(22)		(25)		(1)		(2)		—		—
Amortization of:
Prior service credit	—		—		(32)		(30)		—		1
Actuarial loss	10		17		—		—		—		—
Net periodic benefit cost	$	6	$	17	$	(30)	$	(26)	$	5	$	5

	Pension				Healthcare				Other
	Six Months Ended June 30,				Six Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019		2020		2019
	(in millions)
Service cost	$	11	$	12	$	2	$	3	$	8	$	6
Interest cost	23		38		5		8		1		2
Expected return on assets	(42)		(50)		(3)		(4)		—		—
Amortization of:
Prior service credit	—		—		(65)		(60)		—		1
Actuarial loss	20		34		1		—		—		—
Net periodic benefit cost	$	12	$	34	$	(60)	$	(53)	$	9	$	9