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Debt (Tables) | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
Summary of issued bond outstanding | A summary of issued bonds outstanding as of December 31, 2020, is as follows:
|  | Currency |  | Face value of outstanding bonds (in millions) |  | Coupon |  | Maturity |  | Outstanding amount ($ millions)
Industrial Activities |  |  |  |  |  |  |  |  |  |
Euro Medium Term Notes: |  |  |  |  |  |  |  |  |  |
CNH Industrial Finance Europe S.A. (1) |  | EUR |  | 367 |  |  | 2.875 | % |  | September 27, 2021 |  | 451 |
CNH Industrial Finance Europe S.A. (1) |  | EUR |  | 75 |  |  | 1.625 | % |  | March 29, 2022 |  | 92 |
CNH Industrial Finance Europe S.A. (1) |  | EUR |  | 316 |  |  | 1.375 | % |  | May 23, 2022 |  | 388 |
CNH Industrial Finance Europe S.A. (1) |  | EUR |  | 369 |  |  | 2.875 | % |  | May 17, 2023 |  | 452 |
CNH Industrial Finance Europe S.A. (1) |  | EUR |  | 750 |  |  | 0.000 | % |  | April 1, 2024 |  | 920 |
CNH Industrial Finance Europe S.A. (1) |  | EUR |  | 650 |  |  | 1.750 | % |  | September 12, 2025 |  | 798 |
CNH Industrial Finance Europe S.A. (1) |  | EUR |  | 100 |  |  | 3.500 | % |  | November 12, 2025 |  | 123 |
CNH Industrial Finance Europe S.A. (1) |  | EUR |  | 500 |  |  | 1.875 | % |  | January 19, 2026 |  | 614 |
CNH Industrial Finance Europe S.A. (1) |  | EUR |  | 600 |  |  | 1.750 | % |  | March 25, 2027 |  | 736 |
CNH Industrial Finance Europe S.A. (1) |  | EUR |  | 50 |  |  | 3.875 | % |  | April 21, 2028 |  | 61 |
CNH Industrial Finance Europe S.A. (1) |  | EUR |  | 500 |  |  | 1.625 | % |  | July 3, 2029 |  | 614 |
CNH Industrial Finance Europe S.A. (1) |  | EUR |  | 50 |  |  | 2.200 | % |  | July 15, 2039 |  | 61 |
Other Bonds: |  |  |  |  |  |  |  |  |  |
CNH Industrial N.V. (2) |  | USD |  | 600 |  |  | 4.500 | % |  | August 15, 2023 |  | 600 |
CNH Industrial N.V. (2) |  | USD |  | 500 |  |  | 3.850 | % |  | November 15, 2027 |  | 500 |
Hedging effects, bond premium/discount, and unamortized issuance costs |  |  |  |  |  |  |  |  |  | (44) |
Total Industrial Activities |  |  |  |  |  |  |  |  |  | 6,366 |
Financial Services |  |  |  |  |  |  |  |  |  |
CNH Industrial Capital LLC |  | USD |  | 500 |  |  | 4.875 | % |  | April 1, 2021 |  | 500 |
CNH Industrial Capital LLC |  | USD |  | 400 |  |  | 3.875 | % |  | October 15, 2021 |  | 400 |
CNH Industrial Capital Argentina SA |  | ARS |  | 701 |  |  | 36.000 | % |  | August 31, 2021 |  | 8 |
CNH Industrial Capital LLC |  | USD |  | 500 |  |  | 4.375 | % |  | April 5, 2022 |  | 500 |
CNH Industrial Capital Australia Pty Ltd. |  | AUD |  | 175 |  |  | 2.100 | % |  | December 12, 2022 |  | 135 |
CNH Industrial Capital LLC |  | USD |  | 600 |  |  | 1.950 | % |  | July 2, 2023 |  | 600 |
CNH Industrial Capital Argentina SA |  | USD |  | 31 |  |  | 0.000 | % |  | August 31, 2023 |  | 31 |
CNH Industrial Capital LLC |  | USD |  | 500 |  |  | 4.200 | % |  | January 15, 2024 |  | 500 |
CNH Industrial Capital LLC |  | USD |  | 500 |  |  | 1.875 | % |  | January 15, 2026 |  | 500 |
Hedging effects, bond premium/discount, and unamortized issuance costs |  |  |  |  |  |  |  |  |  | 42 |
Total Financial Services |  |  |  |  |  |  |  |  |  | 3,216 |
(1) Bond listed on the Irish Stock Exchange (2) Bond listed on the New York Stock Exchange A summary of total debt as of December 31, 2020 and 2019, is as follows:
|  | 2020 |  | 2019
|  | Industrial Activities |  | Financial Services |  | Total |  | Industrial Activities |  | Financial Services |  | Total
|  | (in millions)
Total Bonds |  | $ | 6,366 |  |  | $ | 3,216 |  |  | $ | 9,582 |  |  | $ | 5,061 |  |  | $ | 2,649 |  |  | $ | 7,710 |
Asset-backed debt |  | — |  |  | 11,922 |  |  | 11,922 |  |  | — |  |  | 11,757 |  |  | 11,757 |
Other debt |  | 905 |  |  | 3,644 |  |  | 4,549 |  |  | 165 |  |  | 5,222 |  |  | 5,387 |
Intersegment debt |  | 1,017 |  |  | 856 |  |  | — |  |  | 1,332 |  |  | 1,120 |  |  | — |
Total Debt |  | $ | 8,288 |  |  | $ | 19,638 |  |  | $ | 26,053 |  |  | $ | 6,558 |  |  | $ | 20,748 |  |  | $ | 24,854 |
Schedule of minimum annual repayments of debt | A summary of the minimum annual repayments of debt as of December 31, 2020, for 2021 and thereafter is as follows:
|  | Industrial Activities |  | Financial Services |  | Consolidated
|  | (in millions)
2021 |  | $ | 696 |  |  | $ | 10,846 |  |  | $ | 11,542 |
2022 |  | 1,050 |  |  | 3,312 |  |  | 4,362 |
2023 |  | 1,075 |  |  | 2,041 |  |  | 3,116 |
2024 |  | 925 |  |  | 1,479 |  |  | 2,404 |
2025 |  | 923 |  |  | 419 |  |  | 1,342 |
2026 and thereafter |  | 2,602 |  |  | 685 |  |  | 3,287 |
Intersegment |  | 1,017 |  |  | 856 |  |  | — |
Total |  | $ | 8,288 |  |  | $ | 19,638 |  |  | $ | 26,053 |

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