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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Property, Plant and Equipment
Note 6: Property, Plant and Equipment
A summary of property, plant and equipment as of December 31, 2025 and 2024 is as follows (in millions of dollars):
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Land and industrial buildings | $1,809 | $1,657 |
| Plant, machinery and equipment | 4,338 | 3,814 |
| Construction in progress | 201 | 227 |
| Other | 494 | 433 |
| Gross property, plant and equipment | 6,842 | 6,131 |
| Accumulated depreciation | (4,661) | (4,195) |
| Net property, plant and equipment | $2,181 | $1,936 |
Property, plant and equipment recorded under capital leases were immaterial as of December 31, 2025 and 2024.
Depreciation expenses on the above property, plant and equipment totaled $267 million, $235 million and $213 million for the years ended December 31, 2025, 2024 and 2023, respectively.
The Company had contractual commitments of $48 million and $76 million for the acquisition of property, plant and equipment at December 31, 2025 and 2024, respectively.
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