CNH on NYSE

CNH Industrial

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons6

European multinational corporation

CNH Industrial NV is an American-British multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the Dutch investment company Exor, which in turn is controlled by the Agnelli family. Through its various businesses, CNH Industrial designs, produces, and sells agricultural machinery and construction equipment (Case IH and New Holland brand families). Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, including through joint ventures.3 Its chief executive is Gerrit Marx (since 2024).1 It employed about 62,800 people in 2016.1 Its revenue was $23.6 billion in 2022.1 Wikipedia text CC BY-SA 4.0

$11.61 down 0.34 (2.89%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 21, 2026.

Overview

Sep 29, 2013Founded1

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  • TickerCNH on NYSE1
  • Industryautomotive industry1
  • HeadquartersAmsterdam1
  • Founded inTurin1
  • Websitewww.cnh.com
  • Legal formnaamloze vennootschap1
  • Incorporated inNetherlands7
  • Business addressCranes Farm Road, Basildon, Essex, Ss14 3Ad7
  • Filer categoryLarge accelerated filer7
  • LEI549300WGC2HZ5J67V8174
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressCranes Farm Road, SS14 3AD Basildon, United Kingdom4
  • Registered withThe Netherlands Chamber of Commerce, 565324744

CNH Industrial NV is an American-British multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the Dutch investment company Exor, which in turn is controlled by the Agnelli family. Through its various businesses, CNH Industrial designs, produces, and sells agricultural machinery and construction equipment (Case IH and New Holland brand families). Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, including through joint ventures. In 2019 CNH Industrial employed more than 63,000 people in 67 manufacturing plants and 56 research and development centers. The company operates across 180 countries.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

3.3%Net margin12
-10.0%Revenue growth, 202512
6.6%Return on equity12

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Agricultural Equipment brought in 80% of the revenue CNH Industrial broke down this way in fiscal 2025.

  1. Agricultural Equipment$12.4B1280%down 12% from 2024
  2. Construction Equipment$3.0B1219%down 3% from 2024
  3. Service$56.0M120%up 10% from 2024
Products and services by year
Products and services202320242025
Agricultural Equipment$18.1B$14.0B$12.4B
Construction Equipment$3.9B$3.1B$3.0B
Service$44.0M$51.0M$56.0M

Business segments

Agricultural Equipment brought in 40% of the revenue CNH Industrial broke down this way in fiscal 2025.

  1. Agricultural Equipment$12.4B1240%down 12% from 2024
  2. Agriculture$12.4B1240%down 12% from 2024
  3. Construction$3.0B1210%down 3% from 2024
  4. Construction$3.0B1210%down 3% from 2024
Business segments by year
Business segments202320242025
Agricultural Equipment$18.1B$14.0B$12.4B
Agriculture$18.1B$14.0B$12.4B
Construction$3.9B$3.1B$3.0B
Construction$3.9B$3.1B$3.0B

Regions

Others Countries brought in 26% of the revenue CNH Industrial broke down this way in fiscal 2025.

  1. Others Countries$3.2B1226%up 4% from 2024
  2. Brazil$2.5B1221%down 9% from 2024
  3. Canada$1.5B1213%down 11% from 2024
  4. France$986.0M128%down 7% from 2024
  5. Australia$693.0M126%down 22% from 2024
  6. India$634.0M125%up 19% from 2024
  7. AR$547.0M125%down 3% from 2024
  8. Italy$462.0M124%up 9% from 2024
  9. Germany$445.0M124%up 12% from 2024
  10. United Kingdom$393.0M123%up 9% from 2024
  11. PL$317.0M123%up 10% from 2024
  12. Spain$310.0M123%up 20% from 2024
Regions by year
Regions202320242025
Others Countries$4.1B$3.1B$3.2B
Brazil$3.5B$2.7B$2.5B
Canada$1.7B$1.7B$1.5B
France$1.3B$1.1B$986.0M
Australia$1.2B$888.0M$693.0M
India$499.0M$532.0M$634.0M
AR$574.0M$566.0M$547.0M
Italy$562.0M$422.0M$462.0M
Germany$633.0M$399.0M$445.0M
United Kingdom$548.0M$359.0M$393.0M
PL$373.0M$287.0M$317.0M
Spain$263.0M$259.0M$310.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue78¢$12.4B
  • Research and development6¢$1.0B
  • Selling, general and admin12¢$1.9B
  • Income tax1¢$184.0M
  • Profit3¢$510.0M

Out of $15.3B in revenue.12

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid13¢$333.0M
  • Kept or used elsewhere87¢$2.2B

Out of $2.5B of cash from operations.12

Financial statements

Revenue1314151612$15.3B in 2025−41% since 2019
0$10.0B$20.0B$30.0B2019: $26.1B$26.1B20192020: $13.1B$13.1B2020−50%2021: $17.8B$17.8B2021+36%2022: $21.5B$21.5B2022+21%2023: $22.1B$22.1B2023+3%2024: $17.1B$17.1B2024−23%2025: $15.3B$15.3B2025−10%
Net income1314151612$510.0M in 2025−64% since 2019
-$1.0B0$1.0B$2.0B$3.0B2019: $1.4B$1.4B20192020: -$493.0M-$493.0M20202021: $1.7B$1.7B20212022: $2.0B$2.0B2022+18%2023: $2.3B$2.3B2023+12%2024: $1.2B$1.2B2024−45%2025: $510.0M$510.0M2025−59%

Every line of the income statement as filed: the last 3 fiscal years, latest first.12

Period ending2025-12-312024-12-312023-12-31
Net sales$15.3B$17.1B$22.1B
Finance, interest and other income$2.7B$2.8B$2.6B
Total Revenues$18.1B$19.8B$24.7B
Cost of goods sold$12.4B$13.3B$16.8B
Selling, general and administrative expenses$1.9B$1.7B$1.9B
Research and development expenses$1.0B$924.0M$1.0B
Restructuring expenses$22.0M$118.0M$67.0M
Interest expense$1.5B$1.6B$1.3B
Other, net$681.0M$664.0M$830.0M
Total Costs and Expenses$17.5B$18.4B$22.0B
Consolidated income before income taxes$620.0M$1.5B$2.7B
Income tax expense-$184.0M-$336.0M-$594.0M
Equity in income of unconsolidated affiliates$69.0M$138.0M$178.0M
Net income$505.0M$1.3B$2.3B
Net income (loss) attributable to noncontrolling interests-$5.0M$13.0M$12.0M
Net income attributable to CNH Industrial N.V.$510.0M$1.2B$2.3B
Basic earnings per share attributable to CNH Industrial N.V. (in dollars per share)$0.41$0.99$1.71
Diluted earnings per share attributable to CNH Industrial N.V. (in dollars per share)$0.41$0.99$1.69
Basic (in shares)1.2B shares1.3B shares1.3B shares
Diluted (in shares)1.3B shares1.3B shares1.4B shares
Cash dividends declared per common share (in dollars per share)$0.25$0.47$0.40

Compare CNH Industrial with another company

Corporate structure

CNH Industrial is part of a group headed by Giovanni Agnelli. 283 entities, 36 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CNH Industrial

  • HARRIS ASSOCIATES L P Filed SCHEDULE 13G/A on CNH Industrial, latest May 15, 2026 (7 filings since Feb 11, 2022)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on CNH Industrial, latest Mar 26, 2026 (2 filings since Apr 30, 2025)
  • BlackRock Filed SCHEDULE 13G/A on CNH Industrial, latest Apr 23, 2025 (4 filings since Feb 2, 2024)
  • Giovanni Agnelli Amsterdam
    • Exor 51.87% · Amsterdam, Netherlands
      • Juventus FC 64% · Torino, Italy
        • JOFC Corato Subsidiary · Metropolitan City of Bari, Italy
        • Juventus F.C. Next Gen Subsidiary · Italy
        • Juventus F.C. Women Subsidiary · Italy
        • Juventus F.C. Youth Sector Subsidiary · Italy
      • CNH Industrial 26.94% · Basildon, United Kingdom
        • CNH Industrial (Canada) 100% · Ottawa, Ontario, Canada
        • CNH Industrial Capital LLC 100% · Wilmington, Delaware, United States
        • FPT Subsidiary · 100% · Turin, Italy
        • Heuliez Bus Subsidiary · 100% · Mauléon, France
        • Iveco Subsidiary · 100% · Turin, Italy
          • 10 more
        • New Holland Construction Subsidiary · 100% · Torino
        • Iveco Czech Republic Subsidiary · 97.84% · Vysoké Mýto, Czechia
        • Magirus GmbH Subsidiary · 94% · Ulm, Germany
        • Nanjing Vehicle Subsidiary · 50% · Nanjing, People's Republic of China
        • Astra Subsidiary · Piacenza
        • Braud Subsidiary · Saint-Mars-la-Jaille
        • Case IH Subsidiary · Racine
        • CNH Industrial (Belgium) Subsidiary · Zedelgem, Belgium
        • Steyr Tractor Subsidiary · Sankt Valentin
        • Usine CNH Industrial de Croix Subsidiary · Croix
        • "CNH INDUSTRIAL POLSKA" SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ Subsidiary · 100% · Płock, Poland
        • CNH Argentina S.A. Subsidiary · 100% · Buenos Aires, Argentina
        • CNH CAPITAL OPERATING LEASE EQUIPMENT RECEIVABLES LLC Subsidiary · 100% · Wilmington, Delaware, United States
        • CNH CAPITAL RECEIVABLES LLC Subsidiary · 100% · Wilmington, Delaware, United States
        • CNH COMPONENTES SA DE CV Subsidiary · 100% · Queretaro, Mexico
        • CNH INDUSTRIAL AMERICA LLC Subsidiary · 100% · Wilmington, Delaware, United States
        • CNH INDUSTRIAL ASIAN HOLDING LIMITED Subsidiary · 100% · Zedelgem, Belgium
        • CNH INDUSTRIAL AUSTRALIA PTY LIMITED Subsidiary · 100% · St Marys, Australia
          • 1 more
        • CNH INDUSTRIAL BRASIL LTDA. Subsidiary · 100% · Contagem, Brazil
        • CNH INDUSTRIAL CAPITAL AMERICA LLC Subsidiary · 100% · Wilmington, Delaware, United States
        • and 38 more
      • GEDI Gruppo Editoriale Torino, Italy
        • A. Manzoni & C. Milano, Italy
        • L'Espresso Subsidiary · Italy
        • La Repubblica Subsidiary · Italy
      • Iveco Group Turin, Italy
        • 2H ENERGY Subsidiary · Fécamp, France
        • EVCO GMBH Subsidiary · Ulm, Germany
        • FPT ARGENTINA S. A. Subsidiary · Buenos Aires, Argentina
        • FPT INDUSTRIAL BRASIL LTDA. Subsidiary · Contagem, Brazil
        • FPT INDUSTRIAL INDIA PRIVATE LIMITED Subsidiary · New Delhi, India
        • FPT POWERTRAIN TECHNOLOGIES FRANCE Subsidiary · Garchizy, France
        • IC FINANCIAL SERVICES Subsidiary · Guyancourt, France
        • IC FINANCIAL SERVICES UK LIMITED Subsidiary · Basildon, United Kingdom
        • IVECO (SCHWEIZ) AG Subsidiary · Kloten, Switzerland
        • IVECO CAPITAL SERVICES S.R.L. Subsidiary · Glina, Romania
        • IVECO CAPITAL SOLUTIONS S.P.A. Subsidiary · Turin, Italy
        • IVECO DANMARK A/S Subsidiary · Albertslund, Denmark
        • IVECO DEUTSCHLAND AKTIENGESELLSCHAFT Subsidiary · Ulm, Germany
        • IVECO ESPAÑA SL Subsidiary · Madrid, Spain
        • IVECO FRANCE Subsidiary · Vénissieux, France
        • IVECO GROUP KOREA LLC (이베코 그룹 코리아 엘엘씨) Subsidiary · Gwangju, South Korea
        • IVECO GROUP SWITZERLAND SA Subsidiary · Mendrisio, Switzerland
        • IVECO LIMITED Subsidiary · Basildon, United Kingdom
        • IVECO NORGE AS Subsidiary · Lysaker, Norway
        • IVECO Sweden Aktiebolag Subsidiary · Helsingborg, Sweden
        • IVECO SÜD-WEST NUTZFAHRZEUGE GMBH Subsidiary · Mannheim, Germany
        • IVECO VEHICLE INDUSTRY AND TRADE JOINT STOCK COMPANY (IVECO ARAÇ SANAYİ VE TİCARET ANONİM ŞİRKETİ) Subsidiary · Istanbul, Turkey
        • IVG BRASIL LTDA. Subsidiary · Sete Lagoas, Brazil
        • MAGIRUS ITALIA S.R.L. Subsidiary · Brescia, Italy
      • Cushman & Wakefield Subsidiary · New York, New York, United States
      • The Economist Group Stake · 43.4% · London, United Kingdom
      • Fiat S.p.A. Stake · 30.06% · Turin, Italy
      • Fiat Industrial Stake · 30.01% · Torino
        • CNH Subsidiary · Amsterdam
          • 1 more
      • Stellantis Stake · 29.16% · Hoofddorp, Netherlands
      • Fiat Chrysler Automobiles Stake · 28.7% · Amsterdam
      • Ferrari N.V. Stake · 22.91% · Maranello, Italy
        • Ferrari 100% · Maranello, Italy
          • 2 more
        • FERRARI AUTO SECURITIZATION TRANSACTION, LLC Subsidiary · Englewood Cliffs, New Jersey, United States
      • IFIL Stake · 20.32% · Turin, Italy
      • Banca Leonardo S.p.A. Stake · 16.51% · Milan
      • Welltec Stake · 13% · Allerød, Denmark
      • Exor Nederland N.V. Subsidiary · 100% · Amsterdam, Netherlands
      • EXOR INVESTMENTS LIMITED Subsidiary · London, United Kingdom
      • Fondazione Giovanni Agnelli Subsidiary · Italy
      • LINGOTTO (US) LLC Subsidiary · Wilmington, Delaware, United States
        • LINGOTTO MOSAIC FUND I-A, LP Fund · Wilmington, Delaware, United States
        • LINGOTTO MOSAIC FUND I-C, LP Fund · Wilmington, Delaware, United States
    • Exor Group Subsidiary · Luxembourg, Luxembourg

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CNH Industrial reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$6.8B12 Dec 31, 2025$6.1B12 Dec 31, 2024+11.6%
Accumulated depreciation$4.7B12 Dec 31, 2025$4.2B12 Dec 31, 2024+11.1%
Property and equipment, net$2.2B12 Dec 31, 2025$1.9B12 Dec 31, 2024+12.7%
Operating-lease assets (leased space)$264.0M12 Dec 31, 2025$275.0M12 Dec 31, 2024−4.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$2.6B12 Dec 31, 2025$3.2B12 Dec 31, 2024−19.2%
Stakes in other companies (equity method)$401.0M12 Dec 31, 2025$403.0M12 Dec 31, 2024−0.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.6B12 Dec 31, 2025$3.6B12 Dec 31, 2024+0.9%
Intangible assets, net (excluding goodwill)$1.1B12 Dec 31, 2025$1.2B12 Dec 31, 2024−11.1%
Indefinite-lived intangibles (excluding goodwill)$1.9B12 Dec 31, 2025$1.7B12 Dec 31, 2024+13.8%
Finite-lived intangibles, gross$2.6B12 Dec 31, 2025$2.3B12 Dec 31, 2024+10.3%
Accumulated amortization$1.9B12 Dec 31, 2025$1.7B12 Dec 31, 2024+13.8%
Finite-lived intangibles, net$636.0M12 Dec 31, 2025$629.0M12 Dec 31, 2024+1.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.7B12 Dec 31, 2025$4.8B12 Dec 31, 2024−2.6%
Raw materials$1.3B12 Dec 31, 2025$1.4B12 Dec 31, 2024−5.5%
Work in process$430.0M12 Dec 31, 2025$384.0M12 Dec 31, 2024+12.0%
Finished goods$2.9B12 Dec 31, 2025$3.0B12 Dec 31, 2024−3.2%

Properties, in its own words

As of December 31, 2025, we owned or leased 40 manufacturing facilities. We also own or lease other significant properties including spare parts depots, research laboratories, test tracks, warehouses, and office buildings. We consider each of our facilities to be in good condition and adequate for its present use. We believe that we have sufficient capacity to meet our current and anticipated manufacturing requirements.

The following table provides information about our significant facilities as of December 31, 2025:

The rest of Item 2

Country · Location · Primary Functions · Segment

Argentina · Cordoba · Manufacturing · Agriculture and Construction

Australia · Mannum · Manufacturing · Agriculture

St. Marys · Parts Depot · Agriculture and Construction

Austria · St. Valentin · Manufacturing and R&D Center · Agriculture

Belgium · Antwerp · Manufacturing · Agriculture

Zedelgem · Manufacturing and R&D Center · Agriculture

Brazil · Belo Horizonte (Contagem) · Manufacturing · Construction

Curitiba · Manufacturing and R&D Center · Agriculture

Piracicaba · Manufacturing and R&D Center · Agriculture

Sorocaba · Manufacturing and R&D Center · Agriculture

Sorocaba · Parts Depot · Agriculture and Construction

Canada · Saskatoon · Manufacturing · Agriculture

China · Harbin · Manufacturing · Agriculture

France · Coex · Manufacturing · Agriculture

Croix · Manufacturing · Agriculture

Le Plessis · Parts Depot · Agriculture and Construction

Country · Location · Primary Functions · Segment

India · Gurgaon · R&D Center · Agriculture

Noida · Manufacturing and R&D Center · Agriculture

Pithampur · Manufacturing and R&D Center · Construction

Pune · Manufacturing · Agriculture

Italy · Jesi · Manufacturing · Agriculture

Lecce · Manufacturing and R&D Center · Construction

Modena · Manufacturing · Agriculture and Construction

Modena · Parts Depot · Agriculture and Construction

S. Matteo · R&D Center · Agriculture

San Piero in Bagno · Manufacturing · Construction

Torino · Office · Agriculture and Construction

Mexico · Queretaro · Manufacturing · Agriculture and Construction

Poland · Kutno · Manufacturing · Agriculture

Plock · Manufacturing · Agriculture

United Kingdom · Basildon · Manufacturing and R&D Center · Agriculture

Basildon · Office · Agriculture and Construction

United States · Benson · Manufacturing · Agriculture

Burlington · Manufacturing · Construction

Cameron · Parts Depot · Agriculture and Construction

Davenport · R&D Center · Agriculture

Fargo · Manufacturing and R&D Center · Agriculture and Construction

Goodfield · Manufacturing · Agriculture

Grand Island · Manufacturing · Agriculture

Hiawatha · Manufacturing · Agriculture

Lebanon · Parts Depot · Agriculture and Construction

New Holland · Manufacturing and R&D Center · Agriculture

Oak Brook · Office and R&D Center · Agriculture and Construction

Racine · Office · Agriculture and Construction

Racine · Manufacturing · Agriculture

Sioux Falls · Manufacturing · Agriculture

Sioux Falls · Office and R&D Center · Agriculture

St. Nazianz · Manufacturing · Agriculture

Wichita · Manufacturing and R&D Center · Construction

Uzbekistan · Tashkent · Manufacturing · Agriculture

Item 2 of the 10-K filed Feb 26, 2026.22

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

The story

Case Construction equipment timeline

1842: Case is founded

1912: Case manufactures a line of road-building equipment, including graders and compaction units

1957: Case Model 320 is launched - the first fully factory-integrated backhoe loader, designed and built as a unit rather than attachments to a farm tractor.

1969: Case CE begins production of skid steer loaders

1988: Fortune Magazine lists the Case loader/backhoe among "100 Products America Makes Best"

1998: Case is the first manufacturer to offer ride control on backhoe loaders and skid steer loaders

2000: the 100,000th skid steer loader is manufactured

2005: the 500,000th loader/backhoe is manufactured

Read the full text

2008: Jerome I. Case inducted into the Construction Hall of Fame by the Association of Equipment Manufacturers. Three years later, in 2011, also Case engineer Elton Long, "father of the loader/backhoe," is inducted into the same Construction Equipment Hall of Fame for significant contributions to the construction industry.

2011: Case became the first construction equipment manufacturer to offer both selective catalytic reduction and cooled exhaust gas recirculation, aimed at meeting U.S. and European emissions standards.

2012: Case celebrates its 170th year in business.

Case IH milestones

1842: J.I. Case founds Racine Threshing Machine Works

1845: Cyrus Hall McCormick Sr. patents the McCormick reaper

1902: McCormick, Deering Harvester Company, Plano Manufacturing Company, Champion Line and Milwaukee Harvester Company merge to create International Harvester (IH)

1923: Farmall, the "little red tractor", is introduced to the market

1942: Case first self-propelled combine is produced

1977: The first Axial-Flow rotary combine is produced

1985: Case and the agricultural division of International Harvester merge, creating Case IH

1987: Case IH Purchases Steiger

1988: Case IH introduces the Magnum tractor – the first new machine to come from the combined engineering of International Harvester and Case.

1996: Steiger Quadtrac tractor is introduced.

1996: Case IH enters the sugarcane harvester market after acquiring Australian manufacturer Austoft.

2006: Case IH announces new on-board module builder technology for cotton harvesting. The Case IH Module Express 625 is the first commercial cotton picker with the ability to build modules while harvesting.

2009: Case IH launches a new line of combines with six Axial-Flow models, including a Class IX 9120 model.

2010: Introduction of EfficientPower Puma, Puma CVX, Magnum and Steiger & QUADRAC models, designed for lower fuel consumption.

New Holland Agriculture milestones

1895: Abe Zimmerman produces a feed mill to help the Pennsylvania farming community

1903: New Holland Machine Company is founded by Abe Zimmerman in New Holland, Pennsylvania

1906: A Belgian mechanic, Leon Claeys, starts to build threshing machines and three years later builds his factory in Zedelgem, Belgium

1907: Ford comes out with a prototype of mass-produced tractor; the Fordson Model F is actually produced 10 years later

1919: Fiat Trattori starts production of Model 702 tractor

1939: Ford builds the world's first mass produced Ferguson System tractor, the Ford Tractor with Ferguson System. A tractor that changed agriculture forever with its built in three point hydraulic linkage. From 1925 when Harry Ferguson invented the modern tractor with his Ferguson Master Patent his goal was mass production and that would finally be achieved thanks to the Gentleman's agreement with Henry Ford. Every tractor today can trace its ancestry back to this little grey tractor.

1964: New Holland buys a major interest in Claeys

1975: Braud launches the first grape harvester, model 1020

1980s: Fiat acquires Braud

1986: Ford buys New Holland and forms Ford-New Holland Inc.

1991: Fiat purchases 80 percent of Ford-New Holland and New Holland brand becomes a global full liner producer

2001: New Holland introduces the CX combine series

2006: New Holland celebrates 100 years of its Zedelgem plant

2007: New Holland sponsors Turin's Juventus Football Club

2009: New Holland introduces its Hydrogen-powered tractor NH2 and the Energy Independent Farm concept

2011: New Holland is a Gold Sponsor of the Climate Action Networking Reception, hosted by Climate Action in partnership with the United Nations Environment Programme (UNEP) and the South African government in Durban.

2012: New Holland celebrates 200,000th tractor made at its Indian plant at its manufacturing facility in Greater Noida, near New Delhi.

New Holland Construction milestones

1931: Fiat Trattori builds the first tractor with crawler tracks

1947: First hydraulic excavators are built in Turin by Bruneri, which will join the company in 1970

1966: Ford builds its first backhoe loader

1972: First New Holland skid-steer loader is produced

1974: Fiat and Allis-Chalmers merge, creating FiatAllis

1991: Fiat purchases 80 percent of Ford-New Holland

2002: A global alliance with Kobelco is signed to bring Kobelco's 40-year expertise in crawler excavator design

2005: New Holland Construction is launched as a brand

2007: New Holland Construction produces the 200,000th skid steer loader, 35 years after its first one came off the line

2008: New Holland Construction launches the E215B crawler excavator with a new engine designed for lower emissions

2011: New Holland announces its Tier 4 interim diesel-emissions solutions and launches the first compliant models.

CNH Global

CNH Global NV was the holding company for the multinational manufacturer of agricultural and construction equipment established on 12 November 1999, through the merger of Case and New Holland. Effective 29 September 2013, CNH Global N.V. and Fiat Industrial S.p.A. were merged into CNH Industrial N.V.

CNH's scope included integrated engineering, manufacturing, marketing and distribution of equipment on five continents. CNH's operations were organized into three business segments: agricultural equipment, construction equipment and financial services.

As of 31 December 2012, CNH manufactured its products in 37 facilities throughout the world and distributes its products in approximately 170 countries through approximately 11,500 full line dealers and distributors.

Milestones include:

1999: CNH was created in November through the business merger of Case Corporation and New Holland N.V.

2000: CNH Global acquires all of the shares of Flexi-Coil Ltd., a Canadian agricultural equipment manufacturer based in Saskatoon, Saskatchewan. Paolo Monferino is appointed President & Chief Executive Officer of CNH Global N.V.

2001: CNH Global, Kobe Steel Ltd., and Kobelco Construction Machinery reach an agreement to form a global alliance for the marketing, development and production of crawler excavators worldwide. The alliance with Kobelco includes also distribution of CNH construction equipment in Japan and the Asia Pacific region.

2002: CNH Global entered its second joint venture in China. Shanghai New Holland Agricultural Machinery Corp. Ltd. was formed by an agreement between Shanghai Tractor, Internal Combustion Engine Corp.and CNH's New Holland brand of agricultural equipment. CNH Global N.V. creates Fiat Kobelco Construction Machinery S.p.A. (Fiat Kobelco) and agrees to a long term retail financing partnership across Europe with BNP Paribas Lease Group (BPLG), the leasing arm of BNP Paribas

2005: In Europe and Latin America, CNH rationalizes non-Case construction equipment brand families into one brand, New Holland Construction. CNH Board elects Harold Boyanovsky as President & Chief Executive Officer of CNH Global N.V.

2006: Sergio Marchionne is appointed Chairman of the Board of CNH Global N.V.

2007: Case Construction Equipment and Hyundai Heavy Industries form a strategic alliance to produce a selected wheel loader size.

2010: Fiat announces that CNH, Iveco and Fist Powertrain Industrial & Marine will be separated from the auto business and listed in Milan stock exchange as Fiat Industrial CNH and KAMAZ finalize strategic alliance for the production and commercialization of agricultural and construction machinery in Russia.

2011: CNH becomes part of Fiat Industrial S.p.A. on 1 January.

2012: Richard Tobin is named President and CEO of CNH Global N.V.

Fiat Industrial

Fiat Industrial S.p.A. was an Italian company into which Fiat S.p.A. (parent company of Fiat Group) demerged most of its activities not directly related to automobiles at the start of 2011. Fiat Industrial served as a holding company for the activities of truck manufacturer Iveco; an 89.3% stake in the agricultural and construction equipment producer CNH Global; and FPT Industrial, which consists of the industrial and marine activities formerly part of Fiat Powertrain Technologies. The company's Chairman was Sergio Marchionne, who also served as CEO of Fiat S.p.A. and Chairman/CEO of Chrysler Group LLC, now merged as Fiat Chrysler Automobiles.

On 1 January 2011, each existing share of Fiat S.p.A. was converted into one Fiat share and one Fiat Industrial share. This resulted in Exor (the holding company controlled by the Agnelli family), the largest shareholder of Fiat with a stake of around 30%, holding an equivalent stake in Fiat Industrial. Exor has however raised the possibility of the future sale of some of its stake.

In September 2011, the company entered the DJSI World and Europe indexes as leader in the Industrial Engineering sector.

On 29 September 2013, CNH Global N.V. and Fiat Industrial S.p.A. were merged into CNH Industrial N.V., a company incorporated in the Netherlands. Fiat Industrial shareholders received one CNH Industrial common share for every Fiat Industrial share held and CNH Global shareholders received 3.828 CNH Industrial common shares for every CNH Global common share held. CNH Industrial N.V. was subsequently listed on both the NYSE and the Milan stock exchange (Mercato Telematico Azionario. For additional information, see CNH Industrial N.V.

CNH Industrial

2013: CNH merges with parent company Fiat Industrial S.p.A., forming the new CNH Industrial N.V., on 30 September.

2014: the company entered into a new licensing agreement with Sumitomo (S.H.I.) Construction Machinery and completed acquisition of Miller-St. Nazianz, Inc.

2016: CNH Industrial acquired Kongskilde Agriculture and entered exclusive mini-excavator alliance with Hyundai Heavy Industries.

From Wikipedia’s article on CNH Industrial, shared under CC BY-SA 4.0.8

Leadership

Who has led CNH Industrial, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (18)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerKevin J. Barr named Dec 26, 202345
  • Executive OfficerMarc J. Kermisch named Dec 26, 202345
  • Executive Officer, DirectorScott W. Wine named Dec 26, 202345

Products and brands

Brands

CNH Industrial products are marketed globally through several brands in two operating segments: agriculture and construction.

Agricultural brands

In agricultural equipment, CNH Industrial is a manufacturer of agricultural tractors and combines, including hay and forage equipment and specialty harvesting equipment.

Case IH

Case IH manufactures agricultural tractors, balers, coffee harvesters, combines, cotton pickers, planters, sugar cane harvesters, and tillage equipment, sold through a global network of dealers.

New Holland

New Holland Agriculture manufactures agricultural tractors, balers, combines, forage harvesters, grape harvesters, hay tools, material handlers, planters, seeders, sprayers, tillage equipment and grounds care. New Holland has manufacturing facilities and offices in several countries and an international distribution network.

Read the full text

Steyr

Steyr is an Austrian manufacturer of tractors for the agricultural, forestry and municipal sectors.

Construction brands

In construction equipment, CNH Industrial manufactures machinery, including backhoe loaders and skid-steer loaders in North America, and crawler excavators in Western Europe.

Case Construction Equipment

Case Construction Equipment offers construction equipment, including backhoe loaders, articulated trucks, crawler and wheeled excavators (including compact), telehandlers, motor graders, wheel loaders (including compact), vibratory compaction rollers, crawler dozers, skid steers, compact track loaders, tractor loaders and rough-terrain forklifts.

New Holland Construction

New Holland Construction manufactures construction equipment including crawler and wheeled excavators, wheel loaders, backhoes loaders, skid steer loaders, dozers, telehandlers, mini-wheel loaders compact track loaders, mini and midi excavators and graders.

Financial services

CNH Industrial offers financial services under the brand name CNH Industrial Capital. CNH Industrial Capital offers financial products and services to dealers and customers in North America, Australia, Brazil and Western Europe. The principal products offered are retail financing for the purchase or lease of new and used CNH Industrial equipment and wholesale financing to its dealers. Wholesale financing consists primarily of floor plan financing and allows dealers to purchase and maintain a representative inventory of products. The retail financing is offered in North America, Brazil, Australia and Europe through wholly owned subsidiaries and in Western Europe through the joint venture with BNP Paribas Lease Group.

Parts and service

CNH Industrial brands provides after-sales parts, service and support to their customers, both at the dealerships and in the field. Parts support is offered for items in their current product lines and past products, up to 20 years. Parts distribution is operated through parts depots present on all five continents.

Worldwide presence and production plants

CNH Industrial has a network of more than 11,500 dealers and distributors spread across approximately 170 countries worldwide. Dealers are independent and not owned by CNH Industrial, with the exception of 12 dealerships in North America and Europe.

CNH Industrial manufacturing base includes 37 facilities in Europe, Latin America, North America and Asia.

Brands

Case Construction

Case IH

New Holland Agriculture

New Holland Construction

Steyr

Miller

Raven

Hemisphere

Flexi-Coil

Eurocomach

From Wikipedia’s article on CNH Industrial, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Parent company

Owners

Subsidiaries

Also owns

Subsidiaries (GLEIF)

Subsidiaries (Exhibit 21)

  • CNH Industrial Finance Europe S.A. Luxembourg9
  • Raven Industries Canada, Inc. Nova Scotia9

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record. The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Acquisitions

  1. 2013Acquired FPT1
  2. Nov 1999Acquired Steyr Tractor1

Employees over time

  • 201662,8281

Former names

  • FI CBM Holdings N.V.Jan 18, 2013 to Sep 27, 20137

Timeline

  1. Aug 3, 20268-K Results of operations; Regulation FD disclosure46
  2. Jul 28, 20268-K Executive or director change47
  3. May 11, 20268-K Shareholder vote; Regulation FD disclosure48
  4. Apr 30, 20268-K Results of operations; Regulation FD disclosure; Other events49
  5. Mar 30, 20268-K Entered a material agreement; New debt or obligation50
  6. Mar 26, 20268-K Executive or director change51
  7. Feb 17, 20268-K Results of operations; Regulation FD disclosure; Other events52
  8. Nov 7, 20258-K Results of operations; Regulation FD disclosure; Other events53
  9. Aug 1, 20258-K Results of operations; Regulation FD disclosure54
  10. May 12, 20258-K Executive or director change; Shareholder vote; Regulation FD disclosure55
  11. May 8, 20258-K Regulation FD disclosure56
  12. May 1, 20258-K Results of operations; Regulation FD disclosure57
  13. Jul 1, 2024New chief executive Gerrit Marx becomes CEO1
  14. Apr 27, 2018New chief executive Derek Neilson becomes CEO1
  15. Sep 29, 2013Founded Founded in Turin1

Calendar

Coming up

  1. Nov 6, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.08 a share, on Nov 7, 2025.58

When it reported results

  1. Aug 3, 2026Reported quarterly or annual results46
  2. Apr 30, 2026Reported quarterly or annual results49
  3. Feb 17, 2026Reported quarterly or annual results52
  4. Nov 7, 2025Reported quarterly or annual results53
  5. Aug 1, 2025Reported quarterly or annual results54
  6. May 1, 2025Reported quarterly or annual results57
  7. Feb 4, 2025Reported quarterly or annual results59
  8. Nov 8, 2024Reported quarterly or annual results60

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

361 filings to the SEC since October 2021: 7 annual reports, 12 quarterly reports, 41 major events, 105 insider forms, 13 large holders, 1 private raises, 182 other. The latest 20:

  1. Aug 3, 202610-Q EDGAR
  2. Aug 3, 20268-K EDGAR
  3. Jul 28, 20268-K EDGAR
  4. May 28, 2026SD EDGAR
  5. May 27, 20264 EDGAR
  6. May 27, 20264 EDGAR
  7. May 27, 20264 EDGAR
  8. May 27, 20264 EDGAR
  9. May 27, 20264 EDGAR
  10. May 27, 20264 EDGAR
  11. May 27, 20264 EDGAR
  12. May 27, 20264 EDGAR
  13. May 27, 20264 EDGAR
  14. May 27, 20264 EDGAR
  15. May 27, 20264 EDGAR
  16. May 27, 20264 EDGAR
  17. May 27, 20264 EDGAR
  18. May 27, 20264 EDGAR
  19. May 27, 20264 EDGAR
  20. May 18, 20263 EDGAR

The 361 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

30 open-market trades by officers, directors and large owners since October 2021: 4 buys and 26 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 4, 2026Tutino Francesco Vincenzo MariaChief Human Resources OfficerSale48,385$10.13$490.1KForm 4
Nov 18, 2025Heywood SuzanneDirectorBuy52,522$9.52$500.0KForm 4
Nov 12, 2025Buffett Howard W.DirectorBuy4,100$10.29$42.2KForm 4
Nov 11, 2025Sorensen Vagn ODirectorBuy10,385$9.62$99.9KForm 4
Nov 11, 2025Buffett Howard W.DirectorBuy6,000$9.68$58.1KForm 4
Aug 6, 2025Tutino Francesco Vincenzo MariaChief Human Resources OfficerSale12,271$12.53$153.8KForm 4
May 13, 2025Bastoni Elizabeth A.DirectorSale99$13.34$1.3KForm 4
May 13, 2025Nasi AlessandroDirectorSale245$13.34$3.3KForm 4
May 13, 2025Linehan KarenDirectorSale181$13.34$2.4KForm 4
May 13, 2025Tamsons AsaDirectorSale179$13.34$2.4KForm 4
May 13, 2025KRAMER RICHARD JDirectorSale245$13.34$3.3KForm 4
May 13, 2025Buffett Howard W.DirectorSale99$13.34$1.3KForm 4
May 13, 2025Sorensen Vagn ODirectorSale2,525$13.34$33.7KForm 4
May 9, 2025Manley KellyChief Human Resources OfficerSale3,575$12.70$45.4KForm 4
May 9, 2025Heywood SuzanneDirectorSale11,053$12.70$140.4KForm 4
May 9, 2025Schroeder JayChief Technology OfficerSale2,154$12.70$27.4KForm 4
May 9, 2025Chishti HumayunPresident, ConstructionSale1,217$12.70$15.5KForm 4
May 9, 2025Pampalone StefanoSee RemarksSale8,543$12.70$108.5KForm 4
May 9, 2025Incisa OddoneChief Financial OfficerSale22,515$12.70$285.9KForm 4
May 9, 2025Russo RobertoSee RemarksSale7,632$12.70$96.9KForm 4

All 30 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025James Nickolas$574.3K$12.3M64
2025Gerrit Marx$1.2M$11.7M64
2025Oddone Incisa$308.5K$5.4M64
2025Francesco Tutino$361.6K$3.5M64
2025Stefano Pampalone$679.2K$3.1M64
2025Jay Schroeder$544.0K$2.2M64
2024CEO$625.0K$19.5M64
2024Former CFO$709.2K$3.3M64
2024CCO$588.0K$2.2M64
2023Former CFO$702.2K$4.0M64
2023CCO$570.8K$2.4M64

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Dec 8, 2023Raised $5.5 million in a private offering of equity Form D: 1 investor so far Form D

Members of Congress who traded it

4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 4, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+29.7%Report
Jul 22, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−33.9%Report
Jun 24, 2025Lisa C. McClainRepublican, HousePartial sale$1,001 - $15,000+37.1%Report
Jun 17, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−38.2%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How CNH Industrial is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCNH Industrial N.V.2
  • CIK0001567094
  • Employer ID (EIN)98-112541322
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company22
  • Incorporated inNetherlands22
  • Fiscal year endsDecember 312
  • Industry code (SIC)3531 Construction Machinery & Equip2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business addressCranes Farm Road, Basildon, Essex, SS14 3AD, United Kingdom2
  • Phone011 44 1268 5330002
  • Shares outstanding1,237,725,958 as of Jun 30, 202617
  • Public float$11.5B as of Jun 30, 202522
  • AuditorDeloitte & Touche LLP, Chicago, Illinois PCAOB ID 34; it also attests to the company’s internal control over financial reporting22
  • On EDGAR sinceJan 18, 20132
  • Filings724 in all: 6-K (353), 144 (94), 4 (83), 8-K (40), 3 (22), UPLOAD (14), SD (13), 10-Q (12)2
    All 41 form types

    CORRESP (12), 20-F (9), SC 13G/A (7), DEFA14A (6), S-8 (5), SCHEDULE 13G/A (5), 10-K (4), 6-K/A (3), 8-A12B (3), CERTNYS (3), F-4/A (3), 10-K/A (2), 424B2 (2), 424B5 (2), ARS (2), DEF 14A (2), DRS/A (2), F-3ASR (2), FWP (2), IRANNOTICE (2), SC 13D (2), SC 13G (2), 20-F/A (1), 25-NSE (1), 305B2 (1), 8-K/A (1), D (1), DRS (1), EFFECT (1), F-4 (1), SC 13D/A (1), SC 13E3/A (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 3, 2026
    Proxy statement (DEF 14A) Mar 25, 2026
    Latest 8-K (8-K) Aug 3, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, par value €0.01CNHNew York Stock Exchange
3.850% Notes due 2027CNH27New York Stock Exchange

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).22

Risk factors and legal proceedings

The risks CNH Industrial names in Item 1A of its 10-K filed Feb 26, 2026: 75 risks under these headings, as written.22

  • •Global economic conditions, including the agricultural market business cycle, impact our businesses.
  • •We are exposed to political, economic, trade and other risks beyond our control as a result of operating a global business.
  • ▪International trade policies may impact demand for our products and our competitive position.
  • •Reduced demand for equipment would reduce our sales and profitability.
  • •Competitive activity, or failure by us to respond to actions by our competitors, could adversely affect our results of operations.
  • •Changes in government monetary or fiscal policies may negatively impact our results.
  • •Our future performance depends on our ability to innovate and on market acceptance of new or existing products.
  • •If we are unable to deliver precision technology solutions to our customers, it could materially adversely affect our performance.
  • •We may face challenges to our intellectual property rights which could adversely affect our reputation, business and competitive position.
  • •We may not realize all of the anticipated benefits from our business improvement and cost reduction initiatives.
  • •We may not be able to realize anticipated benefits from any acquisitions and, further, challenges associated with strategic alliances may have an adverse impact on our results of operations.
  • •Our business may be affected by climate-related risks, unfavorable weather conditions or other calamities.
The other 63 risks
  • •Changes in demand for food and alternative energy sources could impact our revenues.
  • •We depend on suppliers for raw materials, parts and components.
  • •Our existing operations and expansion plans in emerging markets entail significant risks.
  • •Dealer equipment sourcing and inventory management decisions could adversely affect our sales.
  • •Our results of operations may be adversely impacted by various types of claims, lawsuits, and other contingent obligations.
  • •We face risks associated with our employment relationships.
  • •Our ability to execute our strategy depends upon our ability to attract, develop and retain qualified personnel.
  • •Cybersecurity breaches or IT system disruptions could impair operations, compromise data, and result in legal, financial, or reputational harm.
  • •Our information technology systems may be susceptible to cybersecurity threats, failures, and other disruptions.
  • •Unauthorized access to, or manipulation of, our connected products could diminish customer confidence and result in potential legal or financial exposure.
  • •Technical or regulatory limitations may impact our ability to develop and deploy advanced automation, autonomy, and artificial intelligence.
  • •Disruptions or failures in our technology systems could adversely affect our business.
  • •We are subject to increasingly stringent and evolving laws that impose significant compliance costs.
  • •We are subject to extensive laws and regulations, the violation of which could expose CNH to potential liabilities, increased costs and other adverse effects. .
  • •Changes in privacy laws could disrupt our business.
  • •New regulations or changes in financial services regulations could adversely impact us.
  • •Difficulty in obtaining financing or refinancing existing debt could impact our financial performance.
  • •We are subject to exchange rate fluctuations, interest rate changes and other market risks.
  • •Because Financial Services provides financing for a significant portion of our sales worldwide, our operations and financial results could be impacted materially should negative economic conditions affect the financial services industry.
  • •An increase in delinquencies or repossessions could adversely affect the results of Financial Services.
  • •We may be exposed to shortfalls in our pension plans.
  • •We have significant outstanding indebtedness, which may limit our ability to obtain additional funding and may limit our financial and operating flexibility.
  • •Restrictive covenants in our debt agreements could limit our financial and operating flexibility.
  • •CNH Industrial N.V. operates, and intends to continue to operate, as a company that is resident in the U.K. for tax purposes; other tax authorities may treat CNH Industrial N.V. as being tax resident elsewhere.
  • •The Company could be characterized as a PFIC for U.S. federal income tax purposes
  • •We may incur additional tax expense or become subject to additional tax exposure.
  • •The loyalty voting program may affect the liquidity of our common shares and reduce our share price.
  • •The loyalty voting program may prevent or frustrate attempts by our shareholders to change our management and hinder efforts to acquire a controlling interest in us, and the market price of our common shares may be lower as a result
  • STRATEGIC RISKS
  • Global economic conditions, including the agricultural market business cycle, impact our businesses.
  • We are exposed to political, economic, trade and other risks beyond our control as a result of operating a global business.
  • International trade policies may impact demand for our products and our competitive position.
  • Reduced demand for equipment would reduce our sales and profitability.
  • Competitive activity, or failure by us to respond to actions by our competitors, could adversely affect our results of operations.
  • Changes in government monetary or fiscal policies may negatively impact our results.
  • Our future performance depends on our ability to innovate and on market acceptance of new or existing products.
  • If we are unable to deliver precision technology solutions to our customers, it could materially adversely affect our performance.
  • We may face challenges to our intellectual property rights which could adversely affect our reputation, business and competitive position.
  • We may not realize all of the anticipated benefits from our business improvement and cost reduction initiatives.
  • We may not be able to realize anticipated benefits from any acquisitions and, further, challenges associated with strategic alliances may have an adverse impact on our results of operations.
  • Our business may be affected by climate-related risks, unfavorable weather conditions or other calamities.
  • Changes in demand for food and alternative energy sources could impact our revenues.
  • OPERATIONAL RISKS
  • We depend on suppliers for raw materials, parts and components.
  • Our existing operations and expansion plans in emerging markets entail significant risks.
  • Dealer equipment sourcing and inventory management decisions could adversely affect our sales.
  • Our results of operations may be adversely impacted by various types of claims, lawsuits, and other contingent obligations.
  • We face risks associated with our employment relationships.
  • Our ability to execute our strategy depends upon our ability to attract, develop and retain qualified personnel.
  • CYBERSECURITY AND DIGITAL RISKS
  • Cybersecurity breaches or IT system disruptions could impair operations, compromise data, and result in legal, financial, or reputational harm.
  • Our information technology systems may be susceptible to cybersecurity threats, failures, and other disruptions.
  • Unauthorized access to, or manipulation of, our connected products could diminish customer confidence and result in potential legal or financial exposure.
  • Technical or regulatory limitations may impact our ability to develop and deploy advanced automation, autonomy, and artificial intelligence.
  • Disruptions or failures in our technology systems could adversely affect our business.
  • COMPLIANCE RISKS
  • We are subject to increasingly stringent and evolving laws that impose significant compliance costs.
  • We are subject to extensive laws and regulations, the violation of which could expose CNH to potential liabilities, increased costs and other adverse effects.
  • Changes in privacy laws could disrupt our business.
  • New regulations or changes in financial services regulations could adversely impact us.
  • FINANCIAL AND TAXATION RISKS
  • Difficulty in obtaining financing or refinancing existing debt could impact our financial performance.
  • We are subject to exchange rate fluctuations, interest rate changes and other market risks.
  • Because Financial Services provides financing for a significant portion of our sales worldwide, our operations and financial results could be impacted materially should negative economic conditions affect the financial services industry.
  • An increase in delinquencies or repossessions could adversely affect the results of Financial Services.
  • We may be exposed to shortfalls in our pension plans.
  • We have significant outstanding indebtedness, which may limit our ability to obtain additional funding and may limit our financial and operating flexibility.
  • Restrictive covenants in our debt agreements could limit our financial and operating flexibility.

Legal proceedings

As a global company with diverse business portfolio, CNH in the ordinary course of business is exposed to numerous legal risks, including, without limitation, dealer and supplier litigation, intellectual property right disputes, product liability, asbestos, personal injury, emissions and/or fuel economy regulatory, competition law and other regulatory investigations and environmental claims. We are party to various unresolved investigations, claims and actions that are incidental to our business. The most significant of these matters are described in "Note 15: Commitments and Contingencies" to our Consolidated Financial Statements for the year ended December 31, 2025, which is incorporated by reference herein.

The outcome of any current or future proceedings, claims, or investigations cannot be predicted with certainty. Adverse decisions in one or more of these proceedings, claims or investigations could require CNH to pay substantial damages or fines or undertake service actions, recall campaigns or other costly actions. It is therefore possible that legal judgments could give rise to expenses that are not covered, or not fully covered, by insurance and could affect CNH's financial position and results.

Although the ultimate outcome of legal matters pending against CNH and its subsidiaries cannot be predicted, management believes the reasonable possible range of losses for these unresolved legal matters in addition to the amounts accrued would not have a material effect on our Consolidated Financial Statements.

We maintain insurance with third party insurers to cover various risks arising from our business activities including, but not limited to, risk of loss or damage to our assets or facilities, business interruption losses, cybersecurity risks, general liability, automobile liability, product liability and directors' and officers' liability insurance. We believe that we maintain insurance coverage that is customary in our industry.

The opening of Item 3, Legal Proceedings.22

Sources

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