EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2023 and 2022 (in millions of dollars):

	Pension				Healthcare				Other
	Three Months Ended September 30,				Three Months Ended September 30,				Three Months Ended September 30,
	2023		2022		2023		2022		2023		2022
Service cost	$	3	$	2	$	1	$	1	$	2	$	1
Interest cost	14		6		3		2		1		1
Expected return on assets	(12)		(11)		(2)		(1)		—		—
Amortization of:
Prior service credit	—		—		(9)		(31)		—		—
Actuarial loss (gain)	4		4		—		1		(1)		—
Net periodic benefit cost	$	9	$	1	$	(7)	$	(28)	$	2	$	2

	Pension				Healthcare				Other
	Nine Months Ended September 30,				Nine Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022		2023		2022
Service cost	$	7	$	8	$	2	$	3	$	4	$	4
Interest cost	41		20		7		5		3		1
Expected return on assets	(34)		(35)		(3)		(4)		—		—
Amortization of:
Prior service credit	—		—		(27)		(94)		—		—
Actuarial loss (gain)	13		14		—		2		(1)		—
Net periodic benefit cost	$	27	$	7	$	(21)	$	(88)	$	6	$	5