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EMPLOYEE BENEFIT PLANS AND POSTRETIREMENT BENEFITS (Tables)
 6 Months Ended
Jun. 30, 2019
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 six months ended June 30, 2019 and 2018:
 
Pension
 
Healthcare
 
Other
 
Three Months Ended June 30,
 
Three Months Ended June 30,
 
Three Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
(in millions)
Service cost
$
6

 
$
7

 
$
2

 
$
1

 
$
3

 
$
4

Interest cost
19

 
18

 
4

 
5

 
1

 
—

Expected return on assets
(25
)
 
(29
)
 
(2
)
 
(2
)
 
—

 
—

Amortization of:
 
 
 
 
 
 
 
 
 
 
 
Prior service credit
—

 
(1
)
 
(30
)
 
(20
)
 
1

 
—

Actuarial loss
17

 
19

 
—

 
1

 
—

 
1

Net periodic benefit cost
$
17


$
14


$
(26
)

$
(15
)

$
5


$
5

 
Pension
 
Healthcare
 
Other
 
Six Months Ended June 30,
 
Six Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
(in millions)
Service cost
$
12

 
$
13

 
$
3

 
$
3

 
$
6

 
$
8

Interest cost
38

 
36

 
8

 
14

 
2

 
1

Expected return on assets
(50
)
 
(57
)
 
(4
)
 
(4
)
 
—

 
—

Amortization of:
 
 
 
 
 
 
 
 
 
 
 
Prior service credit
—

 
(1
)
 
(60
)
 
(21
)
 
1

 
—

Actuarial loss
34

 
38

 
—

 
3

 
—

 
1

Net periodic benefit cost
$
34

 
$
29

 
$
(53
)
 
$
(5
)
 
$
9

 
$
10