CNH Industrial NV
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
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Consolidated Balance Sheets
As of December 31, 2023 and 2022
| (in millions of dollars) | December 31, 2023 | December 31, 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $4,322 | $4,376 |
| Restricted cash | 723 | 753 |
| Trade receivables, net | 133 | 172 |
| Financing receivables, net | 24,249 | 19,260 |
| Financial receivables from Iveco Group N.V. | 380 | 298 |
| Inventories, net | 5,545 | 4,811 |
| Property, plant and equipment, net | 1,913 | 1,532 |
| Investments in unconsolidated subsidiaries and affiliates | 563 | 385 |
| Equipment under operating leases | 1,417 | 1,502 |
| Goodwill | 3,614 | 3,322 |
| Other intangible assets, net | 1,292 | 1,129 |
| Deferred tax assets | 979 | 433 |
| Derivative assets | 136 | 189 |
| Other assets | 1,085 | 1,219 |
| Total Assets | $46,351 | $39,381 |
| Liabilities and Equity | ||
| Debt | $27,326 | $22,962 |
| Financial payables to Iveco Group N.V | 146 | 156 |
| Trade payables | 3,611 | 3,702 |
| Deferred tax liabilities | 35 | 85 |
| Pension, postretirement and other postemployment benefits | 476 | 449 |
| Derivative liabilities | 216 | 204 |
| Other liabilities | 6,307 | 4,847 |
| Total Liabilities | $38,117 | $32,405 |
| Redeemable noncontrolling interest | 54 | 49 |
| Common shares, €0.01, par value; outstanding 1,290,937,585 common shares and 371,000,610 loyalty program special voting shares in 2023; and outstanding 1,344,240,971 common shares and 371,072,953 loyalty program special voting shares in 2022 | 25 | 25 |
| Treasury stock, at cost - 73,462,611 shares in 2023 and 20,159,225 shares in 2022 | (865) | (230) |
| Additional paid in capital | 1,578 | 1,504 |
| Retained earnings | 9,750 | 7,906 |
| Accumulated other comprehensive loss | (2,374) | (2,278) |
| Noncontrolling interests | 66 | — |
| Total Equity | $8,180 | $6,927 |
| Total Liabilities and Equity | $46,351 | $39,381 |
As of December 31, 2023 and 2022
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, 2023 | December 31, 2022 |
|---|---|---|
| Restricted cash | $626 | $595 |
| Financing receivables, net | 10,365 | 8,808 |
| Total Assets | $10,991 | $9,403 |
| Debt | $10,033 | $8,485 |
| Total Liabilities | $10,033 | $8,485 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.