XML 42 R31.htm IDEA: XBRL DOCUMENT v3.24.2.u1
EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS (Tables)
 6 Months Ended
Jun. 30, 2024
Postemployment Benefits [Abstract]  
Summary of Net Periodic Benefit Cost
The following table summarizes the components of net periodic benefit cost of CNH’s defined benefit pension plans and postretirement health and life insurance plans for the three and six months ended June 30, 2024 and 2023 (in millions of dollars):
Pension Healthcare Other
Three Months Ended June 30,Three Months Ended June 30,Three Months Ended June 30,
202420232024202320242023
Service cost$3 $2 $— $— $1 $1 
Interest cost13 13 2 2 1 1 
Expected return on assets(14)(11)— — — — 
Amortization of:
Prior service credit— — (6)(9)— — 
Actuarial loss (gain)6 5 — — (1)— 
Net periodic benefit cost$8 $9 $(4)$(7)$1 $2 
Pension Healthcare Other
Six Months Ended June 30,Six Months Ended June 30,Six Months Ended June 30,
202420232024202320242023
Service cost$5 $4 $1 $1 $2 $2 
Interest cost26 27 4 4 2 2 
Expected return on assets(27)(22)(1)(1)— — 
Amortization of:
Prior service credit— — (12)(18)— — 
Actuarial loss (gain)11 9 — — (1)— 
Net periodic benefit cost$15 $18 $(8)$(14)$3 $4