$CNH

CNH Industrial N.V.

CIK:0001567094|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues
Net sales	$ 4,143	$ 4,021	$ 7,313	$ 7,193
Finance, interest and other income	660	690	1,316	1,346
Total Revenues	4,803	4,711	8,629	8,539
Costs and Expenditures
Cost of goods sold	3,396	3,192	6,001	5,761
Selling, general and administrative expenses	494	478	959	864
Research and development expenses	230	218	462	402
Restructuring and other transformation expenses	27	5	31	11
Interest expense	372	360	737	722
Other, net	112	183	254	342
Total Costs and Expenditures	4,631	4,436	8,444	8,102
Consolidated income before income taxes	172	275	185	437
Income tax expense	(43)	(76)	(47)	(123)
Equity income from unconsolidated affiliates	12	18	13	35
Net income	141	217	151	349
Net income attributable to noncontrolling interests	3	4	6	5
Net income attributable to CNH Industrial N.V.	$ 138	$ 213	$ 145	$ 344
Earnings per share attributable to CNH Industrial N.V.
Basic earnings per share (in usd per share)	$ 0.11	$ 0.17	$ 0.12	$ 0.28
Diluted earnings per share (in usd per share)	$ 0.11	$ 0.17	$ 0.12	$ 0.27
Weighted-average shares outstanding
Basic (in shares)	1,238	1,250	1,240	1,249
Diluted (in shares)	1,241	1,253	1,242	1,253
Cash dividends declared per common share (in usd per share)	$ 0.10	$ 0.25	$ 0.10	$ 0.25

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities
Net income	$ 141	$ 217	$ 151	$ 349
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense, excluding assets under operating leases	117	106	233	208
Depreciation and amortization expense of assets under operating leases			99	98
Undistributed income (loss) from unconsolidated affiliates			(9)	11
Other non-cash items			212	183
Changes in operating assets and liabilities:
Provisions			(83)	(153)
Deferred income taxes			(72)	(30)
Trade and financing receivables, net			(10)	443
Inventories, net			(436)	(51)
Trade payables			177	(8)
Other assets and liabilities			(82)	(116)
Net cash provided by operating activities			180	934
Cash Flows from Investing Activities
Additions to retail receivables			(3,290)	(3,701)
Collections of retail receivables			3,893	3,810
Expenditures for property, plant and equipment and intangible assets	(117)	(90)	(210)	(196)
Expenditures for assets under operating leases, net			(281)	(320)
Other, net			(39)	(215)
Net cash provided (used) by investing activities			73	(622)
Cash Flows from Financing Activities
Proceeds from long-term debt			6,680	6,268
Payments of long-term debt			(6,832)	(5,810)
Net decrease in other financial liabilities			(683)	(1,393)
Dividends paid			(127)	(321)
Purchase of treasury shares			(62)	(5)
Net cash used in financing activities			(1,024)	(1,261)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash			6	230
Net decrease in cash, cash equivalents and restricted cash			(765)	(719)
Cash, cash equivalents and restricted cash, beginning of period			3,229	3,866
Cash, cash equivalents and restricted cash, end of period	2,464	3,147	2,464	3,147
Components of cash, cash equivalents and restricted cash
Cash and cash equivalents	1,868	2,512	1,868	2,512
Restricted cash	596	635	596	635
Total cash, cash equivalents and restricted cash	$ 2,464	$ 3,147	$ 2,464	$ 3,147

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Assets
Cash and cash equivalents	$ 1,868	$ 2,578
Restricted cash	596	651
Trade receivables, net	228	226
Financing receivables, net	22,520	23,105
Financial receivables from Iveco Group N.V.	238	195
Inventories, net	5,171	4,651
Property, plant and equipment, net	2,190	2,181
Investments in unconsolidated affiliates	452	437
Equipment under operating leases, net	1,608	1,591
Goodwill	3,606	3,617
Other intangible assets, net	1,061	1,086
Deferred tax assets	1,291	1,207
Derivative assets	144	142
Other assets	1,199	1,080
Total Assets	42,172	42,747
Liabilities and Equity
Debt	25,966	26,762
Financial payables to Iveco Group N.V.	78	91
Trade payables	2,412	2,247
Deferred tax liabilities	14	17
Pension, postretirement and other postemployment benefits	332	366
Derivative liabilities	123	97
Other liabilities	5,394	5,342
Total Liabilities	34,319	34,922
Redeemable noncontrolling interest	59	53
Common shares, €0.01, par value; outstanding 1,237,725,958 common shares and 370,432,786 loyalty program special voting shares as of 06/30/2026; and outstanding 1,242,064,719 common shares and 370,457,350 loyalty program special voting shares as of 12/31/2025	25	25
Treasury stock, at cost; 126,674,238 shares as of 06/30/2026 and 122,335,477 as of 12/31/2025	(1,459)	(1,422)
Additional paid-in capital	1,360	1,388
Retained earnings	10,527	10,506
Accumulated other comprehensive loss	(2,697)	(2,767)
Noncontrolling interests	38	42
Total Equity	7,794	7,772
Total Liabilities and Equity	$ 42,172	$ 42,747