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10-K primary document
CNH · Annual Report (Form 10-K) · Filed February 26, 2026

Cnh Industrial NV10-K exhibit

cnhi-exhibit212025.htm
Document
Exhibit 21.0

APPENDIX I - CNH INDUSTRIAL N.V. SUBSIDIARIES AT DECEMBER 31, 2025
NameRegistered OfficeCountryShare capitalCurrency% of Group consolidationInterest held by% interest held% of voting rights
Controlling company
Parent Company
CNH Industrial N.V.AmsterdamNetherlands17,608,745 EUR— 
Subsidiaries consolidated on a line-by-line basis
AgDNA Pty Ltd.St. MarysAustralia2,175,120 AUD100.00 %CNH Industrial N.V.100.00 %
AgDNA Technologies Pty Ltd.St. MarysAustraliaAUD100.00 %AgDNA Pty Ltd.100.00 %
ATI, Inc.Mt. VernonU.S.A. NaNUSD100.00 %CNH Industrial America LLC100.00 %
Augmenta Agriculture Technologies S.M.P.CMetamorphosiGreece7,018,124 EUR100.00 %Augmenta Holding SAS100.00 %
Augmenta Holding SASParisFrance7,901,359 EUR100.00 %CNH Industrial France100.00 %
Banco CNH Industrial Capital S.A.CuritibaBrazil2,255,140,152 BRL100.00 %New Holland Ltd99.33 %
CNH Industrial Brasil Ltda.0.67 %
Bennamann Energy LimitedNewquay CornwallUnited Kingdom186 GBP52.65 %CNH Industrial N.V.52.65 %
Bennamann Ltd.Newquay CornwallUnited Kingdom18,582 GBP52.65 %CNH Industrial N.V.52.65 %
Bennamann Services Ltd.Newquay CornwallUnited Kingdom186 GBP52.65 %CNH Industrial N.V.52.65 %
BLI Group, Inc.WilmingtonU.S.A.1,000 USD100.00 %CNH Industrial America LLC100.00 %
Blue Leaf I.P. , Inc.WilmingtonU.S.A.1,000 USD100.00 %BLI Group, Inc.100.00 %
Blue Leaf Insurance CompanyColchesterU.S.A.250,000 USD100.00 %CNH Industrial America LLC100.00 %
Case Baumaschinen AGKlotenSwitzerland4,000,000 CHF100.00 %CNH Industrial N.V.100.00 %
Case Canada Receivables, Inc.CalgaryCanadaCAD100.00 %CNH Industrial Capital America LLC100.00 %
Case Credit Holdings LimitedWilmingtonU.S.A.5USD100.00 %CNH Industrial Capital America LLC100.00 %
Case Dealer Holding Company LLCWilmingtonU.S.A.USD100.00 %CNH Industrial America LLC100.00 %
Case Equipment Holdings LimitedWilmingtonU.S.A.USD100.00 %CNH Industrial America LLC100.00 %


Exhibit 21.0

NameRegistered OfficeCountryShare capitalCurrency% of Group consolidationInterest held by% interest held% of voting rights
Subsidiaries consolidated on a line-by-line basis (continued)
Case France NSOMorigny-ChampignyFrance7,622 EUR100.00 %CNH Industrial France100.00 %
Case New Holland Construction Equipment (India) Private LimitedNew DelhiIndia240,100,000 INR100.00 %CNH Industrial (India) Private Limited50.00 %
CNH Industrial America LLC50.00 %
Case New Holland Industrial Inc.WilmingtonU.S.A.55 USD100.00 %CNH Industrial U.S. Holdings Inc.100.00 %
Case New Holland Insurance Agency, LLCWilmingtonU.S.A. NaNUSD100.00 %CNH Industrial Capital America LLC100.00 %
Case United Kingdom LimitedBasildonUnited Kingdom3,763,618 GBP100.00 %CNH Industrial America LLC100.00 %
CNH (China) Management Co., Ltd.ShanghaiPeople's Rep.of China207,344,542 USD100.00 %CNH Industrial N.V.100.00 %
CNH ARGENTINA S.A.Buenos AiresArgentina8,147,618,291 ARS100.00 %CNH Industrial Brasil Ltda.94.98 %
CNHI COMERCIO DE PEÇAS LTDA5.02 %
CNH Capital Finance LLCWilmingtonU.S.A.235,255,711 USD100.00 %Case Credit Holdings Limited100.00 %
CNH Capital Operating Lease Equipment Receivables LLCWilmingtonU.S.A.1,000 USD100.00 %CNH Industrial Capital America LLC100.00 %
CNH Capital Receivables LLCWilmingtonU.S.A.— USD100.00 %CNH Industrial Capital America LLC100.00 %
CNH Componentes, S.A. de C.V.QueretaroMexico135,634,842 MXN100.00 %CNH Industrial America LLC100.00 %
CNH Industrial (Harbin) Machinery Co. Ltd.HarbinPeople's Rep.of China195,000,000 USD100.00 %CNH Industrial Asian Holding Limited N.V.100.00 %
CNH Industrial (India) Private LimitedNew DelhiIndia12,416,900,200 INR100.00 %CNH Industrial Asian Holding Limited N.V.100.00 %
CNH Industrial (Thailand) Ltd.Samut PrakarnThailand354,500,000 THB100.00 %CNH Industrial N.V.100.00 %
CNH Industrial AG and CE (PTY) LTD.IsandoSouth Africa185,455,900 ZAR100.00 %CNH Industrial N.V.100.00 %
CNH Industrial America LLCWilmingtonU.S.A.— USD100.00 %Case New Holland Industrial Inc.100.00 %
CNH Industrial Asian Holding Limited N.V.ZedelgemBelgium253,150,000 EUR100.00 %CNH Industrial N.V.100.00 %
CNH Industrial Australia Pty LimitedSt. MarysAustralia293,408,692 AUD100.00 %CNH Industrial N.V.100.00 %


Exhibit 21.0

NameRegistered OfficeCountryShare capitalCurrency% of Group consolidationInterest held by% interest held% of voting rights
Subsidiaries consolidated on a line-by-line basis (continued)
CNH Industrial Baumaschinen GmbHHeilbronnGermany61,355,030 EUR100.00 %CNH Industrial N.V.100.00 %
CNH Industrial BelgiumZedelgemBelgium106,081,158 EUR100.00 %CNH Industrial N.V.100.00 %
CNH Industrial Brasil Ltda.ContagemBrazil7,071,146,069 BRL100.00 %New Holland Ltd.100.00 %
CNH Industrial Canada, Ltd.MontrealCanada28,000,100 CAD100.00 %CNH Industrial N.V.100.00 %
CNH Industrial Capital (India) Private LimitedNew DelhiIndia3,972,000,000 INR100.00 %CNH Industrial (India) Private Limited100.00 %
CNH Industrial Capital (Shanghai) Commercial Factoring Co. Ltd.ShanghaiPeople's Rep.of China20,000,000 USD100.00 %CNH Industrial Capital Australia Pty Limited100.00 %
CNH Industrial Capital America LLCWilmingtonU.S.A.1,000 USD100.00 %CNH Industrial Capital LLC100.00 %
CNH INDUSTRIAL CAPITAL ARGENTINA S.A.Buenos AiresArgentina1,003,782,818 ARS100.00 %CNH Industrial N.V.79.79 %
CNH ARGENTINA S.A.20.21 %
CNH Industrial Capital Australia Pty LimitedSt. MarysAustralia70,675,693 AUD100.00 %CNH Industrial Australia Pty Limited100.00 %
CNH Industrial Capital Canada Ltd.CalgaryCanada288,410 CAD100.00 %CNH Capital Finance LLC100.00 %
CNH Industrial Capital Corretora de Seguros Administração e Serviços Ltda.CuritibaBrazil100,000 BRL100.00 %CNHI COMERCIO DE PEÇAS LTDA99.99 %
CNH Industrial Brasil Ltda.0.01 %
CNH Industrial Capital LLCWilmingtonU.S.A.— USD100.00 %CNH Industrial America LLC100.00 %
CNH Industrial Capital Solutions S.p.A.TurinItaly53,031,539 EUR100.00 %CNH Industrial N.V.100.00 %
CNH Industrial Capital South America SpALas CondesChile5,000,000 USD100.00 %New Holland Ltd100.00 %
CNH Industrial Danmark A/SAlbertslundDenmark12,000,000 DKK100.00 %CNH Industrial N.V.100.00 %
CNH Industrial Deutschland GmbHHeilbronnGermany18,457,650 EUR100.00 %CNH Industrial Baumaschinen GmbH90.00 %
CNH Industrial N.V.10.00 %
CNH Industrial Exports Inc.WilmingtonU.S.A.3,000 USD100.00 %CNH Industrial N.V.100.00 %
CNH Industrial Finance Europe S.A.LuxembourgLuxembourg50,000,000 EUR100.00 %CNH Industrial N.V.60.00 %
CNH Industrial Finance S.p.A.40.00 %


Exhibit 21.0

NameRegistered OfficeCountryShare capitalCurrency% of Group consolidationInterest held by% interest held% of voting rights
Subsidiaries consolidated on a line-by-line basis (continued)
CNH Industrial Finance S.p.A.TurinItaly100,000,000 EUR100.00 %CNH Industrial N.V.100.00 %
CNH Industrial FranceMorigny-ChampignyFrance52,965,450 EUR100.00 %CNH Industrial N.V.100.00 %
CNH Industrial Italia s.p.a.TurinItaly56,225,000 EUR100.00 %CNH Industrial N.V.100.00 %
CNH Industrial Kutno sp. z o.o.KutnoPoland30,000,000 PLN100.00 %CNH Industrial Polska Sp. z o.o.100.00 %
CNH Industrial Maquinaria Spain S.A.MadridSpain21,000,000 EUR100.00 %CNH Industrial N.V.100.00 %
CNH Industrial New Zealand LimitedAucklandNew Zealand28,952,002 NZD100.00 %CNH Industrial Australia Pty Limited100.00 %
CNH Industrial OLDCO Capital LimitedBasildonUnited Kingdom2,480 EUR100.00 %CNH Industrial N.V.100.00 %
CNH Industrial Osterreich GmbHSt. ValentinAustria2,000,000 EUR100.00 %CNH Industrial N.V.100.00 %
CNH Industrial Polska Sp. z o.o.PlockPoland162,591,660 PLN100.00 %CNH Industrial Belgium100.00 %
CNH Industrial Portugal-Comercio de Tractores e Maquinas Agricolas LtdaCastanheira do RibatejoPortugal498,798 EUR100.00 %CNH Industrial N.V.99.98 %
CNH Industrial Italia s.p.a.0.02 %
CNH Industrial Sales and services GmbHUnnaGermany25,000 EUR100.00 %CNH Industrial Baumaschinen GmbH100.00 %
CNH Industrial Services (Thailand) LimitedBangkokThailand10,000,000 THB100.00 %CNH Industrial Services S.r.l.100.00 %
CNH Industrial Asian Holding Limited N.V.0.02 %
CNH INDUSTRIAL SERVICES A.M.E. FZCODubaiUnited Arab Emirates1,000 AED100.00 %CNH Industrial N.V.100.00 %
CNH Industrial Services S.r.l.ModenaItaly10,400 EUR100.00 %CNH Industrial Italia s.p.a.100.00 %
CNH Industrial Technology Services (India) Private LimitedNew DelhiIndia70,000,000 INR100.00 %CNH Industrial (India) Private Limited100.00 %
CNH Industrial U.S. Holdings Inc.WilmingtonU.S.A.1,000 USD100.00 %CNH Industrial N.V.100.00 %
CNH Industrial UK LimitedBasildonUnited Kingdom200 USD100.00 %CNH Industrial N.V.100.00 %
CNH Reman LLCWilmingtonU.S.A.4,000,000 USD50.00 %CNH Industrial America LLC50.00 %
CNH U.K. LimitedBasildonUnited Kingdom25,275 GBP100.00 %New Holland Holding Limited100.00 %


Exhibit 21.0

NameRegistered OfficeCountryShare capitalCurrency% of Group consolidationInterest held by% interest held% of voting rights
Subsidiaries consolidated on a line-by-line basis (continued)
CNH Wholesale Receivables LLCWilmingtonU.S.A.1,000 USD100.00 %CNH Industrial Capital America LLC100.00 %
CNHI COMERCIO DE PEÇAS LTDAContagemBrazil1,626,298 BRL100.00 %CNH Industrial Brasil Ltda.100.00 %
CNHI International SAMendrisioSwitzerland100,000 CHF100.00 %CNH Industrial N.V.100.00 %
CNHICA Securisation Manager PTY LTD.St. MarysAustraliaAUD100.00 %CNH Industrial Capital Australia Pty Limited100.00 %
Dot Technology INC.TorontoCanada12,558,870 CAD100.00 %Raven Industries Canada, Inc.100.00 %
Fiatallis North America LLCWilmingtonU.S.A.32 USD100.00 %CNH Industrial America LLC100.00 %
Hemisphere GNSS (USA) Inc.WilmingtonU.S.A.— USD100.00 %CNH Industrial America LLC100.00 %
Hemisphere GNSS Inc.CalgaryCanada8,500,000 CAD100.00 %CNH Industrial Canada, Ltd.100.00 %
LLC “CNH Industrial Ukraine”KievUkraine30,000,000 UAH100.00 %CNH Industrial N.V.100.00 %
MANUF 800, S. de R.L. de C.V.SaltilloMexico3,000 MXN100.00 %CNH Industrial N.V.99.90 %
New Holland Ltd0.10 %
New Holland Credit Company, LLCWilmingtonU.S.A.— USD100.00 %CNH Industrial Capital LLC100.00 %
New Holland Holding LimitedBasildonUnited Kingdom33,601 GBP100.00 %CNH Industrial N.V.100.00 %
New Holland LtdBasildonUnited Kingdom944,341,125 GBP100.00 %CNH Industrial N.V.100.00 %
New Holland Tractor Ltd.BasildonUnited Kingdom184,100 GBP100.00 %New Holland Holding Limited100.00 %
O & K - Hilfe GmbHHeilbronnGermany25,565 EUR100.00 %CNH Industrial Baumaschinen GmbH100.00 %
Raven Applied Technologies, LLCPierreU.S.A.USD100.00 %Raven Industries, Inc.100.00 %
Raven Europe, B.V.MiddenmeerNetherlands808,481 EUR100.00 %Raven Applied Technologies, LLC100.00 %
Raven Industries Australia PTY Ltd.MelbourneAustralia NaNAUD100.00 %Raven Applied Technologies, LLC100.00 %
Raven Industries Canada, Inc.Nova ScotiaCanada130,000 CAD100.00 %Raven Europe, B.V.100.00 %
Raven Industries, Inc.Sioux FallsU.S.A.10 USD100.00 %CNH Industrial U.S. Holdings Inc.100.00 %
Receivables Credit II CorporationCalgaryCanadaCAD100.00 %CNH Industrial Capital America LLC100.00 %
SAMPIERANA KUNSHAN ASIA PACIFIC CO LTDKunshanPeople's Rep.of China10,000,000 USD100.00 %Sampierana S.p.A100.00 %


Exhibit 21.0

NameRegistered OfficeCountryShare capitalCurrency% of Group consolidationInterest held by% interest held% of voting rights
Subsidiaries consolidated on a line-by-line basis (continued)
Sampierana S.p.ABagno di Romagna (FC)Italy1,100,000 EUR100.00 %CNH Industrial Italia s.p.a.100.00 %
Uzcaseagroleasing LLCTashkentUzbekistan5,000,000 USD51.00 %Case Credit Holdings Limited51.00 %
UzCaseMash LLCTashkentUzbekistan12,800,000 USD100.00 %Case Equipment Holdings Limited100.00 %
UzCaseService LLCTashkentUzbekistan224,901,201 UZS100.00 %Case Equipment Holdings Limited100.00 %
UzCaseTractor LLCTashkentUzbekistan13,650,000 USD100.00 %Case Equipment Holdings Limited100.00 %
Jointly-controlled entities accounted for using the equity method
CIFINS S.p.A.TurinItaly40,000,000 EUR50.00 %CNH Industrial N.V.50.00 %
CNH Comercial, S.A. de C.V.QueretaroMexico160,050,000 MXN50.00 %CNH de Mexico, S.A. de C.V.100.00 %
CNH de Mexico, S.A. de C.V.QueretaroMexico165,276,000 MXN50.00 %CNH Industrial N.V.50.00 %
CNH Industrial S.A. de C.V.QueretaroMexico400,050,000 MXN50.00 %CNH de Mexico, S.A. de C.V.100.00 %
CNH Servicios Comerciales, S.A. de C.V., SOFOM, E.N.R.QueretaroMexico50,000,000 MXN50.00 %CNH Industrial N.V.50.00 %
New Holland HFT Japan Inc.SapporoJapan240,000,000 JPY50.00 %CNH Industrial N.V.50.00 %
Turk Traktor ve Ziraat Makineleri A.S.AnkaraTurkey100,066,875 TRY37.50 %CNH Industrial Osterreich GmbH37.50 %
Subsidiaries valued at cost
Case International LimitedBasildonUnited KingdomGBP100.00 %New Holland Holding Limited100.00 %
CNH Trustee LimitedBasildonUnited KingdomGBP100.00 %CNH Industrial N.V.50.00 %
New Holland Ltd50.00 %
J.I. Case Trustee LimitedBasildonUnited KingdomGBP100.00 %CNH Industrial N.V.50.00 %
New Holland Ltd50.00 %
SERFIT S.R.L.TurinItaly50,000 EUR100.00 %CNH Industrial N.V.100.00 %
Associated companies accounted for using the equity method
Al-Ghazi Tractors LtdLahorePakistan289,821,005 PKR43.17 %CNH Industrial N.V.43.17 %
Associated companies valued at cost
CODEFIS Società consortile per azioniTurinItaly120,000 EUR24.00 %CNH Industrial Capital Solutions S.p.A.24.00 %


Exhibit 21.0

NameRegistered OfficeCountryShare capitalCurrency% of Group consolidationInterest held by% interest held% of voting rights
Other companies valued at cost
BEM AGRO INTEGRACAO E DESENVOLVIMENTO S.A.Ribeirao PretoBrazil17,030,056 BRL8.88 %CNH Industrial Brasil Ltda.8.88 %
Nuova Didactica S.c. a r.l.ModenaItaly112,200 EUR12.27 %CNH Industrial Italia s.p.a.12.27 %
Zasso Group AGZugSwitzerland300,831 CHF12.28 %CNH Industrial N.V.12.28 %
Zimeno, Inc.WilmingtonU.S.A.USD10.76 %CNH Industrial America LLC10.76 %


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