v3.25.2
OTHER LIABILITIES
 6 Months Ended
Jun. 30, 2025
Other Liabilities Disclosure [Abstract]  
OTHER LIABILITIES OTHER LIABILITIES
A summary of "Other liabilities" as of June 30, 2025 and December 31, 2024 is as follows (in millions of dollars):
June 30, 2025December 31, 2024
Warranty and campaign programs$668 $633 
Marketing and sales incentive programs2,023 2,075 
Tax payables274 243 
Accrued expenses and deferred income871 917 
Accrued employee benefits399 376 
Lease liabilities286 282 
Legal reserves and other provisions407 390 
Contract liabilities
93 72 
Restructuring reserve26 30 
Other379 345 
Total$5,426 $5,363 
Warranty and Campaign Programs
CNH pays for basic warranty and other service action costs. A summary of recorded activity for the three and six months ended June 30, 2025 and 2024, for the basic warranty and accruals for campaign programs are as follows (in millions of dollars):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Balance at beginning of period$666 $601 $633 $610 
Current year additions125 183 278 325 
Claims paid(146)(138)(279)(280)
Currency translation adjustment and other23 (9)36 (18)
Balance at end of period$668 $637 $668 $637 
Restructuring Expenses
The Company incurred restructuring expenses of $5 million and $51 million during the three months ended June 30, 2025 and 2024, respectively, and $11 million and $82 million during the six months ended June 30, 2025 and 2024 primarily due to employee separation costs.