22. Cash and cash equivalents

Cash and cash equivalents consist of:

($ million)At December 31, 2014At December 31, 2013
Cash at banks 4,568 5,119
Cash with a pre-determined use 978 922
Money market securities 595 448
Total Cash and cash equivalents 6,141 6,489

Amounts shown are readily convertible into cash and are subject to an insignifi cant risk of changes in value. The carrying amount of cash and cash equivalents is considered to be in line with their fair value at the balance sheet date.

Cash with a pre-determined use mainly consists of amounts whose use is restricted to the repayment of the debt relating to securitizations classified as Asset-backed fi nancing.

At December 31, 2014, cash and cash equivalents includes $106 million of cash and cash equivalents held by CNH Industrial’s Venezuelan subsidiary.

The credit risk associated with Cash and cash equivalents is considered not signifi cant, because it mainly relates to deposits spread across primary national and international fi nancial institutions.