On July 29, 2022, CNH Industrial announced a $300 million share buyback program. Subject to market and general business conditions, the Program is intended to last until the earlier of the completion of the purchases up to $300 million or October 12, 2023. Funded by the Company's liquidity, the Program is intended to optimize the capital structure of the Company and allow the Company to meet the obligations arising from the existing equity incentive plans.