| SEGMENT INFORMATION |
NOTE 9: SEGMENT INFORMATION CNH Capital operates in a single reportable segment as a captive financial services company that underwrites, services and manages financing products for end use customers and dealers of CNH North America. CNH Capital’s revenue is primarily generated through the income of its portfolio and the income generated through marketing programs with CNH North America. The Company has identified CNH’s President of North America Financial Services as its Chief Operating Decision Maker (“CODM”). The CODM evaluates the performance of the Company and allocates resources based on net income that also is reported on the consolidated statements of income as net income. The measure of segment assets is reported on the consolidated balance sheets as total assets. Therefore, no additional segment information is presented. A summary of the Company’s segment net income is as follows: | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | | June 30, | | June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | REVENUES | | | | | | | | | | | | | Revenues and other income from third parties | | $ | 209,065 | | $ | 195,104 | | $ | 411,289 | | $ | 381,936 | Interest and other income from affiliates | | | 123,024 | | | 128,259 | | | 244,893 | | | 247,733 | Total revenues | | | 332,089 | | | 323,363 | | | 656,182 | | | 629,669 | EXPENSES | | | | | | | | | | | | | Interest expense to third parties | | $ | 164,902 | | $ | 174,896 | | | 331,319 | | | 337,699 | Interest expense to affiliates | | | 482 | | | 968 | | | 717 | | | 5,592 | Fees charged by affiliates | | | 12,559 | | | 11,448 | | | 24,603 | | | 25,043 | Provision for credit losses | | | 24,444 | | | 11,771 | | | 41,540 | | | 22,283 | Depreciation of equipment on operating leases | | | 48,154 | | | 44,195 | | | 94,486 | | | 87,295 | Gains on sale of used equipment | | | (2,162) | | | (2,102) | | | (1,999) | | | (4,871) | Other general and administrative | | | 5,166 | | | 6,801 | | | 11,661 | | | 10,166 | Income tax provision | | | 17,617 | | | 16,548 | | | 36,306 | | | 33,151 | Total expenses | | | 271,162 | | | 264,525 | | | 538,633 | | | 516,358 | SEGMENT NET INCOME | | | 60,927 | | | 58,838 | | | 117,549 | | | 113,311 | Adjustments and reconciling items | | | — | | | — | | | — | | | — | NET INCOME | | $ | 60,927 | | $ | 58,838 | | $ | 117,549 | | $ | 113,311 |
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