Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of issued bond outstanding

A summary of issued bonds outstanding as of December 31, 2022, is as follows:

	Currency	Face value of outstanding bonds (in millions)	Coupon		Maturity	Outstanding amount (in millions)
Industrial Activities
Euro Medium Term Notes:
CNH Industrial Finance Europe S.A. (1)	EUR	369	2.875	%	May 17, 2023	393
CNH Industrial Finance Europe S.A. (1)	EUR	750	0.000	%	April 1, 2024	800
CNH Industrial Finance Europe S.A. (1)	EUR	650	1.750	%	September 12, 2025	694
CNH Industrial Finance Europe S.A. (1)	EUR	100	3.500	%	November 12, 2025	107
CNH Industrial Finance Europe S.A. (1)	EUR	500	1.875	%	January 19, 2026	533
CNH Industrial Finance Europe S.A. (1)	EUR	600	1.750	%	March 25, 2027	640
CNH Industrial Finance Europe S.A. (1)	EUR	50	3.875	%	April 21, 2028	53
CNH Industrial Finance Europe S.A. (1)	EUR	500	1.625	%	July 3, 2029	533
CNH Industrial Finance Europe S.A. (1)	EUR	50	2.200	%	July 15, 2039	53
Other Bonds:
CNH Industrial N.V. (2)	USD	600	4.500	%	August 15, 2023	600
CNH Industrial N.V. (2)	USD	500	3.850	%	November 15, 2027	500
Hedging effects, bond premium/discount, and unamortized issuance costs						(70)
Total Industrial Activities						4,836
Financial Services
CNH Industrial Capital LLC	USD	600	1.950	%	July 2, 2023	600
CNH Industrial Capital LLC	USD	500	4.200	%	January 15, 2024	500
CNH Industrial Capital LLC	USD	500	3.950	%	May 23, 2025	500
CNH Industrial Capital LLC	USD	400	5.450	%	October 14, 2025	400
CNH Industrial Capital LLC	USD	500	1.875	%	January 15, 2026	500
CNH Industrial Capital LLC	USD	600	1.450	%	July 15, 2026	600
CNH Industrial Capital Canada Ltd.	CAD	300	1.500	%	October 1, 2024	222
CNH Industrial Capital Australia Pty Limited	AUD	250	1.750	%	July 8, 2024	170
CNH Industrial Capital Argentina S.A.	USD	31	0.000	%	2023/2025	31
Banco CNH Industrial Capital S.A.	BRL	3,077	8.120% 15.350%		2023/2028	589
Hedging effects, bond premium/discount, and unamortized issuance costs						(66)
Total Financial Services						4,046

(1) Bond listed on the Irish Stock Exchange

(2) Bond listed on the New York Stock Exchange

A summary of total debt as of December 31, 2022 and 2021, is as follows:

	2022						2021
(in millions)	Industrial Activities		Financial Services		Total		Industrial Activities		Financial Services		Total
Total Bonds	$	4,836	$	4,046	$	8,882	$	5,184	$	3,280	$	8,464
Asset-backed debt	—		9,751		9,751		—		8,875		8,875
Other debt	73		4,256		4,329		151		3,407		3,558
Intersegment debt	63		888		—		150		181		—
Total Debt	$	4,972	$	18,941	$	22,962	$	5,485	$	15,743	$	20,897
Payables to Iveco Group	5		151		156		334		168		502
Total Debt (Including Payables to Iveco Group)	$	4,977	$	19,092	$	23,118	$	5,819	$	15,911	$	21,399

Schedule of minimum annual repayments of debt

A summary of the minimum annual repayments of debt as of December 31, 2022, for 2023 and thereafter is as follows:

	Industrial Activities		Financial Services		Consolidated
	(in millions)
2023	$	1,032	$	8,556	$	9,588
2024	800		3,539		4,339
2025	800		2,670		3,470
2026	533		2,133		2,666
2027	1,101		664		1,765
2028 and thereafter	643		491		1,134
Payables to Iveco Group	5		151		156
Intersegment	63		888		—
Total	$	4,977	$	19,092	$	23,118