EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS (Tables)

3 Months Ended

Mar. 31, 2021

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 months ended March 31, 2021 and 2020:

	Pension				Healthcare				Other
	Three Months Ended March 31,				Three Months Ended March 31,				Three Months Ended March 31,
	2021		2020		2021		2020		2021		2020
	(in millions)
Service cost	$	5	$	5	$	1	$	1	$	5	$	4
Interest cost	5		11		1		3		—		—
Expected return on assets	(16)		(20)		(2)		(2)		—		—
Amortization of:
Prior service credit	—		—		(32)		(33)		—		—
Actuarial loss	8		10		1		1		—		—
Net periodic benefit cost	$	2	$	6	$	(31)	$	(30)	$	5	$	4