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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Revenue
Note 3: Revenue
The following table summarizes revenues for the years ended December 31, 2025, 2024 and 2023 (in millions of dollars):
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Agriculture | $12,390 | $14,007 | $18,148 |
| Construction | 2,956 | 3,053 | 3,932 |
| Total Industrial Activities | 15,346 | 17,060 | 22,080 |
| Financial Services | 2,720 | 2,774 | 2,573 |
| Eliminations and other | 29 | 2 | 34 |
| Total Revenues | $18,095 | $19,836 | $24,687 |
The following table disaggregates revenues by major source for the years ended December 31, 2025, 2024 and 2023 (in millions of dollars):
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues from: | |||
| Sales of goods | $15,290 | $17,009 | $22,036 |
| Rendering of services and other revenues | 56 | 51 | 44 |
| Revenues from sales of goods and services | 15,346 | 17,060 | 22,080 |
| Finance and interest income | 2,132 | 2,170 | 1,882 |
| Rents and other income on operating leases | 617 | 606 | 725 |
| Finance, interest and other income | 2,749 | 2,776 | 2,607 |
| Total Revenues | $18,095 | $19,836 | $24,687 |
Contract liabilities recorded in "Other liabilities" were $122 million, $72 million and $50 million at December 31, 2025, 2024 and 2023, respectively. Contract liabilities primarily relate to extended warranties. During the year ended December 31, 2025, 2024 and 2023, revenues included $21 million, $18 million and $11 million, respectively, relating to contract liabilities outstanding at the beginning of each period.
As of December 31, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $122 million (approximately $72 million at December 31, 2024 and approximately $48 million at December 31, 2023). CNH expects to recognize revenue on approximately 27% and 81% of the remaining performance obligations over the next 12 and 36 months, respectively (approximately 30% and 90% at of December 31, 2024 and approximately 32% and 95% at of December 31, 2023, respectively).
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