April 16, 2018 / 9:54 PM / 5 months ago

BRIEF-CNH Industrial announces retiree benefits alignment following favorable U.S. supreme court ruling

April 16 (Reuters) - Cnh Industrial:

* CNH INDUSTRIAL ANNOUNCES RETIREE BENEFITS ALIGNMENT FOLLOWING FAVORABLE U.S. SUPREME COURT RULING

* BENEFITS MODIFICATIONS ARE ESTIMATED TO RESULT IN A REDUCTION OF PLAN LIABILITY BY APPROXIMATELY $500 MILLION TO $550 MILLION

* THE BENEFITS MODIFICATIONS TO REALIZE A CORRESPONDING PRE-TAX INCOME

* UNDER IFRS, THIS PRE-TAX INCOME WILL BE RECORDED IN Q2 OF 2018 IN ITS ENTIRETY Source text for Eikon: Further company coverage:

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