CNH Industrial SEC Filings

6-K
CNH INDUSTRIAL N.V. filed this Form 6-K on 11/06/2017
Entire Document
 

Allowance for credit losses activity for the three and nine months ended September 30, 2017 and 2016 is as follows:

 

 

Three Months Ended September 30, 2017

 

 

 

Retail

 

 

Wholesale

 

 

Other

 

 

Total

 

Opening balance

 

$

372

 

 

$

225

 

 

$

 

 

$

597

 

Provision

 

 

32

 

 

 

(11

)

 

 

 

 

 

21

 

Charge-offs, net of recoveries

 

 

(30

)

 

 

(8

)

 

 

 

 

 

(38

)

Foreign currency translation and other

 

 

6

 

 

 

6

 

 

 

 

 

 

12

 

Ending balance

 

 

380

 

 

 

212

 

 

 

 

 

 

592

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2017

 

 

 

Retail

 

 

Wholesale

 

 

Other

 

 

Total

 

Opening Balance

 

$

374

 

 

$

200

 

 

$

 

 

$

574

 

Provision

 

 

61

 

 

 

(4

)

 

 

 

 

 

57

 

Charge-offs, net of recoveries

 

 

(72

)

 

 

(13

)

 

 

 

 

 

(85

)

Foreign Currency Translation and Other

 

 

17

 

 

 

29

 

 

 

 

 

 

46

 

Ending Balance

 

 

380

 

 

 

212

 

 

 

 

 

 

592

 

Ending Balance: Individually Evaluated for Impairment

 

 

201

 

 

 

168

 

 

 

 

 

 

369

 

Ending Balance: Collectively Evaluated for Impairment

 

 

179

 

 

 

44

 

 

 

 

 

 

223

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending Balance

 

 

9,865

 

 

 

9,249

 

 

 

68

 

 

 

19,182

 

Ending Balance: Individually Evaluated for Impairment

 

 

372

 

 

 

485

 

 

 

 

 

 

857

 

Ending Balance: Collectively Evaluated for Impairment

 

$

9,493

 

 

$

8,764

 

 

$

68

 

 

$

18,325

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2016

 

 

 

Retail

 

 

Wholesale

 

 

Other

 

 

Total

 

Opening balance

 

$

404

 

 

$

188

 

 

$

 

 

$

592

 

Provision

 

 

10

 

 

 

14

 

 

 

 

 

 

24

 

Charge-offs, net of recoveries

 

 

(20

)

 

 

(5

)

 

 

 

 

 

(25

)

Foreign currency translation and other

 

 

3

 

 

 

(1

)

 

 

 

 

 

2

 

Ending balance

 

 

397

 

 

 

196

 

 

 

 

 

 

593

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2016

 

 

 

Retail

 

 

Wholesale

 

 

Other

 

 

Total

 

Opening balance

 

$

394

 

 

$

158

 

 

$

 

 

$

552

 

Provision

 

 

38

 

 

 

44

 

 

 

 

 

 

82

 

Charge-offs, net of recoveries

 

 

(58

)

 

 

(11

)

 

 

 

 

 

(69

)

Foreign currency translation and other

 

 

23

 

 

 

5

 

 

 

 

 

 

28

 

Ending balance

 

 

397

 

 

 

196

 

 

 

 

 

 

593

 

Ending balance: Individually evaluated for impairment

 

 

200

 

 

 

144

 

 

 

 

 

 

344

 

Ending balance: Collectively evaluated for impairment

 

 

197

 

 

 

52

 

 

 

 

 

 

249

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ending balance

 

 

10,118

 

 

 

8,355

 

 

 

165

 

 

 

18,638

 

Ending balance: Individually evaluated for impairment

 

 

326

 

 

 

540

 

 

 

 

 

 

866

 

Ending balance: Collectively evaluated for impairment

 

$

9,792

 

 

$

7,815

 

 

$

165

 

 

$

17,772

 

 

14