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| RELATED-PARTY TRANSACTIONS | NOTE 11: RELATED-PARTY TRANSACTIONS The Company receives compensation from CNH North America for retail customer, operating lease, revolving charge accounts and wholesale sales programs offered by CNH North America on which finance charges are waived or below market rate financing programs are offered. The Company receives compensation from CNH North America based on the Company’s estimated costs and a targeted return on equity. The Company is also compensated for lending funds to CNH North America. The summary of sources included in “Interest and other income from affiliates” in the accompanying consolidated statements of income for the three and six months ended June 30, 2025 and 2024 is as follows:
Interest expense to affiliates was $482 and $968, respectively, for the three months ended June 30, 2025 and 2024, and $717 and $5,592, respectively, for the six months ended June 30, 2025 and 2024. Fees charged by affiliates were $12,559 and $11,448, respectively, for the three months ended June 30, 2025 and 2024, and $24,603 and $25,043, respectively, for the six months ended June 30, 2025 and 2024, which amounts consist of payroll and other human resource services CNH America performs on behalf of the Company. As of June 30, 2025 and December 31, 2024, the Company had various accounts and notes receivable and debt with the following affiliates:
Accounts payable and other accrued liabilities, including tax payables, of $109,994 and $50,915 were payable to related parties as of June 30, 2025 and December 31, 2024, respectively. |
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