v3.25.4
Other Liabilities
 12 Months Ended
Dec. 31, 2025
Other Liabilities Disclosure [Abstract]  
Other Liabilities Other Liabilities
A summary of "Other liabilities" as of December 31, 2025 and 2024 is as follows (in millions of dollars):
As of December 31,
20252024
Warranty and campaign programs$641 $633 
Marketing and sales incentive programs1,930 2,075 
Tax payables323 243 
Accrued expenses and deferred income843 917 
Accrued employee benefits459 376 
Lease liabilities 272 282 
Legal reserves and other provisions419 390 
Contract liabilities122 72 
Restructuring reserve15 30 
Other318 345 
Total$5,342 $5,363 
Warranty and Campaign Program
As described in "Note 2: Summary of Significant Accounting Policies", CNH pays for basic warranty and other service action costs. A summary of recorded activity for the basic warranty and campaign program accrual for the years ended December 31, 2025 and 2024 are as follows (in millions of dollars):
Years Ended December 31,
20252024
Balance at beginning of year$633 $610 
Current year additions535 628 
Claims paid(563)(570)
Currency translation adjustment and other36 (35)
Balance at end of year$641 $633 
Restructuring Provision
The Company's restructuring program announced in November 2023 targeted both labor and non-labor SG&A expenses. This program was completed in 2024, and the Company has incurred a total of $131 million from launch to December 31, 2024, under this program.
The Company incurred restructuring costs of $22 million, $118 million and $67 million for the years ended December 31, 2025, 2024 and 2023, respectively. These costs were as follows:
•In 2025, Agriculture, Construction and Financial Services recorded $20 million, $3 million and $(1) million respectively.
•In 2024, Agriculture, Construction and Financial Services recorded $104 million, $13 million and $1 million, respectively.
•In 2023, Agriculture, Construction and Finance recorded $51 million and $14 million and $2 million, respectively.
The following table sets forth restructuring activity for the years ended December 31, 2025, 2024 and 2023 (in millions of dollars):
Severance and Other Employee Costs
Facility Related
Costs
Other
Restructuring
Total
Balance at December 31, 2022$25 $3 $2 $30 
Restructuring charges36 23 8 67 
Reserves utilized: cash(19)(23)(12)(54)
Reserves utilized: non-cash(3)1 2 — 
Currency translation adjustments— — — — 
Balance at December 31, 202339 4 — 43 
Restructuring charges81 17 20 118 
Reserves utilized: cash(99)(5)(14)(118)
Reserves utilized: non-cash(2)(5)(7)(14)
Currency translation adjustments(4)(3)8 1 
Balance at December 31, 202415 8 7 30 
Restructuring charges10 2 10 22 
Reserves utilized: cash(16)(3)(8)(27)
Reserves utilized: non-cash(1)(3)(8)(12)
Currency translation adjustments— 1 1 2 
Balance at December 31, 2025$8 $5 $2 $15