U.S. COMPANY FILING
CNH Industrial N.V. — Form 10-K filed 2026-02-26
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CNH Industrial reported 2025 revenues of $18,095 million, down 8.8% YoY, with net income of $505 million versus $1,259 million in 2024. Agriculture net sales fell 11.5% and Construction 3.2%. The company recorded a $172 million non-cash impairment of IPR&D from Raven and Bennamann acquisitions and a $62 million impairment of investments. Financial Services net income declined to $333 million due to higher risk costs. Total debt was $26,762 million, and pension deficit was $327 million.
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