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SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Summary of Financial Information by Segment
The following table includes the reconciliation of Adjusted EBIT for Industrial Activities segments to net income, the most comparable U.S. GAAP financial measure, for the three and six months ended June 30, 2024 and 2023 (in millions of dollars):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Agriculture$536 $821 $957 $1,391 
Construction60 72 111 116 
Unallocated items, eliminations, and other(60)(71)(127)(130)
Financial Services Net Income91 94 209 172 
Financial Services Income Taxes23 26 42 55 
Interest expense of Industrial Activities, net of interest income and eliminations(46)(22)(78)(26)
Foreign exchange (gains) losses, net of Industrial Activities(4)— (4)(6)
Finance and non-service component of Pension and other post-employment benefit costs of Industrial Activities(1)
(1)1 (2)2 
Restructuring expenses of Industrial Activities(51)(2)(81)(3)
Other discrete items of Industrial Activities(2)
(15)(17)(15)(10)
Income (loss) before taxes533 902 1,012 1,561 
Income tax benefit (expense)(95)(192)(172)(365)
Net Income (loss)$438 $710 $840 $1,196 
(1) In the three and six months ended June 30, 2024 and 2023, this item includes the pre-tax gain of $6 million and $12 million, respectively, as a result of the amortization over the 4 years of the $101 million positive impact from the 2021 U.S. healthcare plan modification.
(2) In the three and six months ended June 30, 2024 this item includes a loss of $15 million on the sale of certain non-core product lines. In the three months ended June 30, 2023 this item included a loss of $17 million related to the sale of CNH Industrial Russia. In the six months ended June 30, 2023 this item included a gain of $13 million in relation to the fair value remeasurement of Augmenta and Bennamann, offset by a $23 million loss on the sale of CNH Industrial Russia and CNH Capital Russia