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SEGMENT INFORMATION - Reconciliation from Net Income Under US GAAP To Adjusted EBIT and Adjusted EBITDA (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Segment Reporting Information [Line Items]        
Revenues $ 5,578 $ 7,567 $ 11,039 $ 14,024
Net income 361 427 307 691
Add back:        
Income tax expense (benefit) (40) 135 (63) 225
Interest expense of Industrial Activities, net of interest income and eliminations 59 66 118 119
Foreign exchange losses, net 7 11 5 20
Finance and non-service component of Pension and OPEB costs (26) (16) (56) (31)
Adjustments:        
Restructuring expenses 7 28 12 36
Nikola investment fair value adjustment (1,475)   (1,475)  
Goodwill impairment charge 585 0 585 0
Other discrete items 537   544  
Adjusted EBIT 15 651 (23) 1,060
Depreciation and amortization 152 163 307 332
Depreciation of assets on operating lease and assets sold with buy-back commitment 131 138 259 282
Adjusted EBITDA 298 952 543 1,674
Benefits modification amortization $ 30 $ 30 $ 60 $ 60
Amortization period of retirement benefits payable 4 years 6 months 4 years 6 months 4 years 6 months 4 years 6 months
Reduction of plan liability $ 527 $ 527 $ 527 $ 527
Eliminations        
Segment Reporting Information [Line Items]        
Revenues (13) (20) (34) (43)
Net income 0 0 0 0
Add back:        
Income tax expense (benefit) 0 0 0 0
Interest expense of Industrial Activities, net of interest income and eliminations 0 0 0 0
Foreign exchange losses, net 0 0 0 0
Finance and non-service component of Pension and OPEB costs 0 0 0 0
Adjustments:        
Restructuring expenses 0 0 0 0
Nikola investment fair value adjustment 0   0  
Goodwill impairment charge 0   0  
Other discrete items 0   0  
Adjusted EBIT 0 0 0 0
Depreciation and amortization 0 0 0 0
Depreciation of assets on operating lease and assets sold with buy-back commitment 0 0 0 0
Adjusted EBITDA 0 0 0 0
Industrial Activities        
Segment Reporting Information [Line Items]        
Revenues 5,163 7,091 10,171 13,127
Net income 361 427 307 691
Add back:        
Income tax expense (benefit) (60) 104 (113) 158
Adjustments:        
Restructuring expenses 7 26 12 34
Goodwill impairment charge 585 0 585 0
Industrial Activities | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 5,150 7,068 10,143 13,074
Net income 308 336 174 505
Add back:        
Income tax expense (benefit) (60) 104 (113) 158
Interest expense of Industrial Activities, net of interest income and eliminations 59 66 118 119
Foreign exchange losses, net 7 11 5 20
Finance and non-service component of Pension and OPEB costs (26) (16) (56) (31)
Adjustments:        
Restructuring expenses 7 26 12 34
Nikola investment fair value adjustment (1,475)   (1,475)  
Goodwill impairment charge 585   585  
Other discrete items 537   544  
Adjusted EBIT (58) 527 (206) 805
Depreciation and amortization 151 162 306 330
Depreciation of assets on operating lease and assets sold with buy-back commitment 67 79 132 158
Adjusted EBITDA 160 768 232 1,293
Industrial Activities | Unallocated items, eliminations and other        
Segment Reporting Information [Line Items]        
Revenues (313) (615) (760) (1,189)
Adjustments:        
Restructuring expenses 0 1 0 1
Nikola investment fair value adjustment (1,475)   (1,475)  
Goodwill impairment charge 585   585  
Other discrete items 0   7  
Adjusted EBIT (50) (41) (114) (91)
Depreciation and amortization 2 0 2 0
Depreciation of assets on operating lease and assets sold with buy-back commitment 0 0 0 0
Adjusted EBITDA (48) (41) (112) (91)
Agriculture | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 2,541 3,095 4,785 5,585
Adjustments:        
Restructuring expenses 5 15 7 18
Nikola investment fair value adjustment 0   0  
Goodwill impairment charge 0   0  
Other discrete items 176   176  
Adjusted EBIT 203 341 227 509
Depreciation and amortization 61 69 125 144
Depreciation of assets on operating lease and assets sold with buy-back commitment 1 0 1 0
Adjusted EBITDA 265 410 353 653
Construction | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 420 757 842 1,397
Adjustments:        
Restructuring expenses 1 4 2 4
Nikola investment fair value adjustment 0   0  
Goodwill impairment charge 0   0  
Other discrete items 72   72  
Adjusted EBIT (87) 25 (170) 38
Depreciation and amortization 12 15 25 29
Depreciation of assets on operating lease and assets sold with buy-back commitment 0 0 0 0
Adjusted EBITDA (75) 40 (145) 67
Commercial and Specialty Vehicles | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 1,739 2,698 3,760 5,112
Adjustments:        
Restructuring expenses 1 6 3 11
Nikola investment fair value adjustment 0   0  
Goodwill impairment charge 0   0  
Other discrete items 289   289  
Adjusted EBIT (156) 100 (212) 151
Depreciation and amortization 46 47 95 94
Depreciation of assets on operating lease and assets sold with buy-back commitment 66 79 131 158
Adjusted EBITDA (44) 226 14 403
Powertrain | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 763 1,133 1,516 2,169
Adjustments:        
Restructuring expenses 0 0 0 0
Nikola investment fair value adjustment 0   0  
Goodwill impairment charge 0   0  
Other discrete items 0   0  
Adjusted EBIT 32 102 63 198
Depreciation and amortization 30 31 59 63
Depreciation of assets on operating lease and assets sold with buy-back commitment 0 0 0 0
Adjusted EBITDA 62 133 122 261
Financial Services        
Segment Reporting Information [Line Items]        
Revenues 441 519 930 993
Net income 53 91 133 186
Add back:        
Income tax expense (benefit) 20 31 50 67
Adjustments:        
Restructuring expenses 0 2 0 2
Goodwill impairment charge 0 0 0 0
Financial Services | Operating segments        
Segment Reporting Information [Line Items]        
Revenues 441 519 930 993
Net income 53 91 133 186
Add back:        
Income tax expense (benefit) 20 31 50 67
Interest expense of Industrial Activities, net of interest income and eliminations 0 0 0 0
Foreign exchange losses, net 0 0 0 0
Finance and non-service component of Pension and OPEB costs 0 0 0 0
Adjustments:        
Restructuring expenses 0 2 0 2
Nikola investment fair value adjustment 0   0  
Goodwill impairment charge 0   0  
Other discrete items 0   0  
Adjusted EBIT 73 124 183 255
Depreciation and amortization 1 1 1 2
Depreciation of assets on operating lease and assets sold with buy-back commitment 64 59 127 124
Adjusted EBITDA 138 184 311 381
Financial Services | Eliminations        
Segment Reporting Information [Line Items]        
Revenues $ (13) $ (20) $ (34) $ (43)