CNH Industrial N.V.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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Accumulated Other Comprehensive Income (Loss)
Note 20: Accumulated Other Comprehensive Income (Loss)
The Company's share of comprehensive loss includes net income plus other comprehensive loss, which includes changes in fair value of certain derivatives designated as cash flow hedges, certain changes in pension and other retirement benefit plans, foreign currency translation gains and losses, changes in the fair value of available-for-sale securities, the Company's share of other comprehensive loss of entities accounted for using the equity method, and reclassifications for amounts included in net income less net income and other comprehensive loss attributable to the noncontrolling interest. For more information on the Company's derivative instruments, see "Note 16: Financial Instruments". For more information on the Company's pensions and retirement benefit obligations, see "Note 13: Employee Benefit Plans and Postretirement Benefits". The Company's other comprehensive loss amounts are aggregated within accumulated other comprehensive loss. The tax effect for each component of other comprehensive income consisted of the following (in millions of dollars):
| GrossAmount | IncomeTaxes | NetAmount | |
|---|---|---|---|
| Unrealized loss on cash flow hedges | $(71) | $26 | $(45) |
| Changes in retirement plans' funded status | 36 | (3) | 33 |
| Foreign currency translation | (61) | — | (61) |
| Share of other comprehensive income of entities using the equity method | 23 | — | 23 |
| Other comprehensive loss | $(73) | $23 | $(50) |
| GrossAmount | IncomeTaxes | NetAmount | |
|---|---|---|---|
| Unrealized gain on cash flow hedges | $134 | $(52) | $82 |
| Changes in retirement plans' funded status | 15 | (12) | 3 |
| Foreign currency translation | (408) | — | (408) |
| Share of other comprehensive loss of entities using the equity method | (28) | — | (28) |
| Other comprehensive loss | $(287) | $(64) | $(351) |
| GrossAmount | IncomeTaxes | NetAmount | |
|---|---|---|---|
| Unrealized loss on cash flow hedges | $(90) | $34 | $(56) |
| Changes in retirement plans' funded status | (87) | 21 | (66) |
| Foreign currency translation | 40 | — | 40 |
| Share of other comprehensive income of entities using the equity method | 1 | — | 1 |
| Other comprehensive loss | $(136) | $55 | $(81) |
The changes, net of tax, in each component of "Accumulated other comprehensive income (loss)" consisted of the following (in millions of dollars):
| UnrealizedGain (Loss) onCash FlowHedges | Change inRetirement Plans'Funded Status | Foreign CurrencyTranslation | Share of OtherComprehensiveIncome (loss) ofEntities Usingthe EquityMethod | Total | |
|---|---|---|---|---|---|
| Balance at December 31, 2022 | $46 | $(285) | $(1,800) | $(239) | $(2,278) |
| Other comprehensive income (loss), before reclassifications | (80) | (54) | 37 | 1 | (96) |
| Amounts reclassified from other comprehensive income | 24 | (12) | — | — | 12 |
| Other comprehensive income (loss)(1) | (56) | (66) | 37 | 1 | (84) |
| Balance at December 31, 2023 | (10) | (351) | (1,763) | (238) | (2,362) |
| Other comprehensive income (loss), before reclassifications | 37 | 7 | (407) | (28) | (391) |
| Amounts reclassified from other comprehensive income | 45 | (4) | — | — | 41 |
| Other comprehensive income (loss)(1) | 82 | 3 | (407) | (28) | (350) |
| Balance at December 31, 2024 | 72 | (348) | (2,170) | (266) | (2,712) |
| Other comprehensive income (loss), before reclassifications | (17) | 45 | (66) | 23 | (15) |
| Amounts reclassified from other comprehensive income | (28) | (12) | — | — | (40) |
| Other comprehensive income (loss)(1) | (45) | 33 | (66) | 23 | (55) |
| Balance at December 31, 2025 | $27 | $(315) | $(2,236) | $(243) | $(2,767) |
(1)Excluded from the table above is other comprehensive (income) loss allocated to noncontrolling interests of $5 million, $(1) million and $3 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Significant amounts reclassified out of each component of "Accumulated other comprehensive income (loss)" at December 31, 2025 and 2024 consisted of the following (in millions of dollars):
| Amount Reclassified from OtherComprehensive Income (Loss) · Consolidated Statementof Operations line | |||
|---|---|---|---|
| Year Ended December 31, 2025 · Year Ended December 31, 2024 | |||
| Cash flow hedges | $4 | $9 | Net sales |
| (19) | 18 | Cost of goods sold | |
| 4 | (4) | Other, net | |
| (28) | 25 | Interest expense | |
| 11 | (3) | Income taxes | |
| (28) | 45 | ||
| Change in retirement plans' funded status: | |||
| Amortization of actuarial losses | 20 | 19 | (1) |
| Amortization of prior service credit | (27) | (24) | (1) |
| Curtailment of prior service credit | (6) | 0 | (1) |
| 1 | 1 | Income taxes | |
| (12) | (4) | ||
| Total reclassifications, net of tax | $(40) | $41 | |
(1)These amounts are included in net periodic pension and other postretirement benefit cost. See "Note 13: Employee Benefit Plans and Postretirement Benefits" for additional information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.