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Debt (Tables)

12 Months Ended

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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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601

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