CNH Industrial NV
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
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Consolidated Balance Sheets
As of December 31, 2024 and 2023
| (in millions of dollars) | December 31, 2024 | December 31, 2023(1) |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $3,191 | $4,322 |
| Restricted cash | 675 | 723 |
| Trade receivables, net | 125 | 133 |
| Financing receivables, net | 23,085 | 24,249 |
| Financial receivables from Iveco Group N.V. | 168 | 380 |
| Inventories, net | 4,776 | 5,545 |
| Property, plant and equipment, net | 1,936 | 1,913 |
| Investments in unconsolidated subsidiaries and affiliates | 490 | 479 |
| Equipment under operating leases | 1,466 | 1,417 |
| Goodwill | 3,584 | 3,614 |
| Other intangible assets, net | 1,221 | 1,292 |
| Deferred tax assets | 927 | 979 |
| Derivative assets | 196 | 136 |
| Other assets | 1,093 | 1,085 |
| Total Assets | $42,933 | $46,267 |
| Liabilities and Equity | ||
| Debt | $26,882 | $27,326 |
| Financial payables to Iveco Group N.V. | 62 | 146 |
| Trade payables | 2,292 | 3,611 |
| Deferred tax liabilities | 28 | 35 |
| Pension, postretirement and other postemployment benefits | 392 | 476 |
| Derivative liabilities | 146 | 216 |
| Other liabilities | 5,363 | 6,307 |
| Total Liabilities | $35,165 | $38,117 |
| Redeemable noncontrolling interest | 55 | 54 |
| Common shares, €0.01, par value; outstanding 1,248,023,791 common shares and 370,994,305 loyalty program special voting shares in 2024; and outstanding 1,290,937,585 common shares and 371,000,610 loyalty program special voting shares in 2023 | 25 | 25 |
| Treasury stock, at cost - 116,376,405 shares in 2024 and 73,462,611 shares in 2023 | (1,386) | (865) |
| Additional paid-in capital | 1,415 | 1,578 |
| Retained earnings | 10,309 | 9,654 |
| Accumulated other comprehensive loss | (2,712) | (2,362) |
| Noncontrolling interests | 62 | 66 |
| Total Equity | $7,713 | $8,096 |
| Total Liabilities and Equity | $42,933 | $46,267 |
As of December 31, 2024 and 2023
The following table presents certain assets and liabilities of consolidated variable interest entities (“VIEs”), which are included in the consolidated balance sheets above. The assets in the table include those assets that can only be used to settle obligations of consolidated VIEs. The liabilities in the table include third party liabilities of the consolidated VIEs, for which creditors do not have recourse to the general credit of CNH. See note 4: Receivables for additional information on the Company's VIEs.
| (in millions of dollars) | December 31, 2024 | December 31, 2023 |
|---|---|---|
| Restricted cash | $585 | $626 |
| Financing receivables, net | 10,831 | 10,365 |
| Total Assets | $11,416 | $10,991 |
| Debt | $10,577 | $10,033 |
| Total Liabilities | $10,577 | $10,033 |
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