EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023 and 2022:

	Pension				Healthcare				Other
	Three Months Ended June 30,				Three Months Ended June 30,				Three Months Ended June 30,
	2023		2022		2023		2022		2023		2022
	(in millions)
Service cost	$	2	$	3	$	—	$	1	$	1	$	1
Interest cost	13		7		2		2		1		—
Expected return on assets	(11)		(12)		—		(2)		—		—
Amortization of:
Prior service credit	—		—		(9)		(32)		—		—
Actuarial loss	5		5		—		1		—		—
Net periodic benefit cost	$	9	$	3	$	(7)	$	(30)	$	2	$	1

	Pension				Healthcare				Other
	Six Months Ended June 30,				Six Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022		2023		2022
	(in millions)
Service cost	$	4	$	6	$	1	$	2	$	2	$	3
Interest cost	27		14		4		3		2		—
Expected return on assets	(22)		(24)		(1)		(3)		—		—
Amortization of:
Prior service credit	—		—		(18)		(63)		—		—
Actuarial loss	9		10		—		1		—		—
Net periodic benefit cost	$	18	$	6	$	(14)	$	(60)	$	4	$	3