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Investments in Unconsolidated Subsidiaries and Affiliates (Tables) | 12 Months Ended
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Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract] |
Schedule of investments in unconsolidated subsidiaries and affiliates | A summary of investments in unconsolidated subsidiaries and affiliates as of December 31, 2020 and 2019 is as follows:
|  | 2020 |  | 2019
|  | (in millions)
Equity method |  | $ | 514 |  |  | $ | 513 |
Cost method(1) |  | 15 |  |  | 118 |
Total |  | $ | 529 |  |  | $ | 631 |
(1) At December 31, 2019, investments in unconsolidated subsidiaries and affiliates using the cost method included the investment in Nikola Corporation. This investment is now included in “Investments at fair value through profits and loss” on the Consolidated Balance Sheet as it is measured at fair value following the completion of Nikola Corporation’s business combination with VectoIQ Acquisition Corp. and listing of its shares on NASDAQ. See footnote 15 for further details.
Schedule of results of operations and financial position | A summary of the combined results of operations and financial position as reported by the investees that CNH Industrial accounts for using the equity method is as follows (unaudited):
|  | For The Years Ended December 31,
|  | 2020 |  | 2019 |  | 2018
|  | (in millions)
Net revenue |  | $ | 2,716 |  |  | $ | 2,480 |  |  | $ | 2,875 |
Income before taxes |  | $ | 133 |  |  | $ | 71 |  |  | $ | 150 |
Net income |  | $ | 50 |  |  | $ | 29 |  |  | $ | 109 |
|  | As of December 31,
|  | 2020 |  | 2019
|  | (in millions)
Total Assets |  | $ | 8,529 |  |  | $ | 7,709 |
Total Liabilities |  | $ | 7,449 |  |  | $ | 6,611 |
Total Equity |  | $ | 1,080 |  |  | $ | 1,098 |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571 + Details
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