EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2020 and 2019:

	Pension				Healthcare				Other
	Three Months Ended September 30,				Three Months Ended September 30,				Three Months Ended September 30,
	2020		2019		2020		2019		2020		2019
	(in millions)
Service cost	$	5	$	5	$	1	$	1	$	4	$	4
Interest cost	11		19		3		3		—		—
Expected return on assets	(20)		(26)		(2)		(2)		—		—
Amortization of:
Prior service credit	—		1		(33)		(33)		—		—
Actuarial loss	11		17		1		1		—		—
Net periodic benefit cost	$	7	$	16	$	(30)	$	(30)	$	4	$	4

	Pension				Healthcare				Other
	Nine Months Ended September 30,				Nine Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019		2020		2019
	(in millions)
Service cost	$	16	$	17	$	3	$	4	$	12	$	10
Interest cost	34		57		8		11		1		2
Expected return on assets	(62)		(76)		(5)		(6)		—		—
Amortization of:
Prior service credit	—		1		(98)		(93)		—		1
Actuarial loss	31		51		2		1		—		—
Net periodic benefit cost	$	19	$	50	$	(90)	$	(83)	$	13	$	13