v3.26.1
FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Gross Impact of Changes in Fair Value of Derivatives Designated as Cash Flow Hedges on AOCI and Net Income
The following tables summarize the gross impact of changes in the fair value of derivatives designated as cash flow hedges recognized in "Accumulated other comprehensive loss" and "Net income":
Recognized in Net income
For the Three Months Ended June 30,Gain (Loss) Recognized in Accumulated other comprehensive loss
Classification of Gain (Loss)
Gain (Loss) Reclassified from Accumulated other comprehensive loss
2026
Foreign exchange contracts$(23)
Net sales$(2)
Cost of goods sold(8)
Other, net1 
Interest rate contracts1 Interest expense10 
Total$(22)Total net gain$1 
2025
Foreign exchange contracts$46 
Net sales$(2)
Cost of goods sold5 
Other, net— 
Interest rate contracts(22)Interest expense7 
Total$24 Total net gain$10 
Recognized in Net Income
For the Six Months Ended June 30,Gain (Loss) Recognized in Accumulated other comprehensive lossClassification of Gain (Loss)Gain (Loss) Reclassified from Accumulated other comprehensive loss
2026
Foreign exchange contracts$(76)
Net sales$(2)
Cost of goods sold(10)
Other, net1 
Interest rate contracts17 Interest expense21 
Total$(59)Total net gain$10 
2025
Foreign exchange contracts$37 
Net sales$(4)
Cost of goods sold(3)
Other, net(4)
Interest rate contracts(35)Interest expense10 
Total$2 Total net loss$(1)
Schedule of Impact of Changes in Fair Value of Fair Value Hedges and Derivatives Not Designated as Hedging Instruments on Earnings
The following table summarizes the activity in "Accumulated other comprehensive loss" related to the derivatives held by the Company:
Before-Tax AmountIncome TaxAfter-Tax Amount
Accumulated derivative net income as of December 31, 2025$44 $(17)$27 
Net changes in fair value of derivatives(59)(4)(63)
Net loss reclassified from accumulated other comprehensive loss into income(10)17 7 
Accumulated derivative net loss as of June 30, 2026$(25)$(4)$(29)
Accumulated derivative net income as of December 31, 2024$115 $(43)$72 
Net changes in fair value of derivatives3 6 9 
Net loss reclassified from accumulated other comprehensive loss into income1 — 1 
Accumulated derivative net income as of June 30, 2025$119 $(37)$82 
The following tables summarize the impact related to changes in the fair value of fair value hedges and derivatives not designated as hedging instruments had on earnings:
For the Three Months Ended June 30,
Classification of Gain (Loss)
20262025
Fair Value Hedges
Interest rate derivativesInterest expense$(8)$9 
Not Designated as Hedges
Foreign exchange contractsOther, net$(23)$11 
For the Six Months Ended June 30,
Classification of Gain (Loss)20262025
Fair Value Hedges
Interest rate derivativesInterest expense$(11)$35 
Not Designated as Hedges
Foreign exchange contractsOther, net$(76)$22 
Schedule of Fair Value of Derivatives
The fair values of CNH's derivatives in the Consolidated Balance Sheets are recorded as follows:
June 30, 2026December 31, 2025
Balance Sheet LocationFair ValueBalance Sheet LocationFair Value
Derivatives designated as hedging instruments
Foreign currency contractsDerivative assets$14 Derivative assets$23 
Interest rate contractsDerivative assets101 Derivative assets101 
Total derivative assets $115 $124 
Foreign currency contractsDerivative liabilities$52 Derivative liabilities$30 
Interest rate contractsDerivative liabilities38 Derivative liabilities42 
Total derivative liabilities $90 $72 
Derivatives not designated as hedging instruments
Foreign currency contractsDerivative assets$11 Derivative assets$7 
Interest rate contractsDerivative assets18 Derivative assets11 
Total derivative assets $29 $18 
Foreign currency contractsDerivative liabilities$15 Derivative liabilities$14 
Interest rate contractsDerivative liabilities18 Derivative liabilities11 
Total derivative liabilities$33 $25 
Schedule of Investments Measured on Recurring Basis
The following table presents for each of the fair value hierarchy levels the Company's assets and liabilities that are measured at fair value on a recurring basis:
Level 1Level 2Total
June 30,
2026		December 31, 2025June 30,
2026		December 31, 2025June 30,
2026		December 31, 2025
Assets
Foreign exchange derivatives$— $— $25 $30 $25 $30 
Interest rate derivatives— — 119 112 119 112 
Total Assets$— $— $144 $142 $144 $142 
Liabilities
Foreign exchange derivatives$— $— $67 $44 $67 $44 
Interest rate derivatives— — 56 53 56 53 
Total Liabilities$— $— $123 $97 $123 $97 
Schedule of Estimated Fair Market Values
June 30, 2026December 31, 2025
Carrying
Amount		Fair
Value		Carrying
Amount		Fair
Value
Financing receivables, net$22,520 $22,396 $23,105 $23,073 
Debt$25,966 $26,533 $26,762 $27,339