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Investments in Unconsolidated Subsidiaries and Affiliates
 12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Investments in Unconsolidated Subsidiaries and Affiliates Investments in Unconsolidated Subsidiaries and Affiliates
A summary of investments in unconsolidated subsidiaries and affiliates as of December 31, 2024 and 2023 is as follows:
 
(in millions of dollars)
2024
2023(1)
Equity method$403 $425 
Other investments, at carrying value87 54 
Total$490 $479 
(1) See Note 23 Immaterial Revision of Prior Period Financial Statements.
A summary of the combined results of operations and financial position as reported by the investees that CNH accounts for using the equity method is as follows (unaudited):
Years Ended December 31,
(in millions of dollars)
2024
2023(1)
2022
Net revenue$2,621 $2,748 $2,096 
Income before taxes$481 $632 $348 
Net income$380 $477 $280 
(1) See Note 23 Immaterial Revision of Prior Period Financial Statements.
As of December 31,
(in millions of dollars)
2024
2023(1)
Total assets$7,558 $7,568 
Total liabilities$6,430 $6,347 
Total equity$1,128 $1,221 
    (1) See Note 23 Immaterial Revision of Prior Period Financial Statements.
The investees included in these tables primarily consists of Al Ghazi Tractors Ltd. (43.2% ownership), TürkTraktör ve Ziraat Makineleri A.S. (37.5% ownership), New Holland HFT Japan Inc. (50.0% ownership), CNH de Mexico S.A. de C.V. (50.0% ownership), CIFINS S.p.a (50.0% ownership) and CNH Industrial Capital Europe S.a.S (24.9% ownership owned directly by CIFINS S.p.a).