CNH Industrial SEC Filings

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

16. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The Company’s share of comprehensive income (loss) includes net income plus other comprehensive income, which includes changes in fair value of certain derivatives designated as cash flow hedges, certain changes in pension and other retirement benefit plans, foreign currency translations gains and losses, changes in the fair value of available-for-sale securities, the Company’s share of other comprehensive income (loss) of entities accounted for using the equity method, and reclassifications for amounts included in net income (loss) less net income (loss) and other comprehensive income (loss) attributable to the noncontrolling interest. For more information on derivative instruments, see “Note 15: Financial Instruments”. For more information on pensions and retirement benefit obligations, see “Note 6: Employee Benefit Plans and Postretirement Benefits”. The Company’s other comprehensive income (loss) amounts are aggregated within accumulated other comprehensive income (loss). The tax effect for each component of other comprehensive income (loss) consisted of the following (in millions):

 

 

Three Months Ended September 30, 2017

 

 

 

Gross

Amount

 

 

Income

Taxes

 

 

Net

Amount

 

Unrealized gain (loss) on cash flow hedges

 

$

16

 

 

$

 

 

$

16

 

Changes in retirement plans’ funded status

 

 

20

 

 

 

(5

)

 

 

15

 

Foreign currency translation

 

 

(96

)

 

 

 

 

 

(96

)

Share of other comprehensive loss of entities using the

   equity method

 

 

14

 

 

 

 

 

 

14

 

Other comprehensive income (loss)

 

$

(46

)

 

$

(5

)

 

$

(51

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2016

 

 

 

Gross

Amount

 

 

Income

Taxes

 

 

Net

Amount

 

Unrealized gain (loss) on cash flow hedges

 

$

(10

)

 

$

2

 

 

$

(8

)

Changes in retirement plans’ funded status

 

 

20

 

 

 

(7

)

 

 

13

 

Foreign currency translation

 

 

(9

)

 

 

 

 

 

(9

)

Share of other comprehensive loss of entities using the

   equity method

 

 

(4

)

 

 

 

 

 

(4

)

Other comprehensive income (loss)

 

$

(3

)

 

$

(5

)

 

$

(8

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2017

 

 

 

Gross

Amount

 

 

Income

Taxes

 

 

Net

Amount

 

Unrealized gain (loss) on cash flow hedges

 

$

74

 

 

$

7

 

 

$

81

 

Changes in retirement plans’ funded status

 

 

66

 

 

 

(21

)

 

 

45

 

Foreign currency translation

 

 

(362

)

 

 

 

 

 

(362

)

Share of other comprehensive loss of entities using the

   equity method

 

 

49

 

 

 

 

 

 

49

 

Other comprehensive income (loss)

 

$

(173

)

 

$

(14

)

 

$

(187

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2016

 

 

 

Gross

Amount

 

 

Income

Taxes

 

 

Net

Amount

 

Unrealized gain (loss) on cash flow hedges

 

$

(38

)

 

$

11

 

 

$

(27

)

Changes in retirement plans’ funded status

 

 

60

 

 

 

(21

)

 

 

39

 

Foreign currency translation

 

 

161

 

 

 

 

 

 

161

 

Share of other comprehensive loss of entities using the

   equity method

 

 

3

 

 

 

 

 

 

3

 

Other comprehensive income (loss)

 

$

186

 

 

$

(10

)

 

$

176

 

 

 

25