Asset-Backed Financing (Tables)

6 Months Ended

Jun. 30, 2023

Transfers and Servicing [Abstract]

Schedule of Assets and Liabilities Related to the On-Balance Sheet Financing

The assets and liabilities related to the on-balance sheet asset-backed financings included in the Consolidated balance sheets were as follows (in thousands):

	June 30, 2023
	Finance receivables		Allowance for credit losses		Restricted cash		Other assets		Total assets		Asset-backed debt, net
On-balance sheet assets and liabilities:
Consolidated VIEs:
Asset-backed securitizations	$	2,361,561	$	(124,796)	$	115,616	$	8,977	$	2,361,358	$	1,924,545
Asset-backed U.S. commercial paper conduit facility	351,848		(18,585)		24,486		1,655		359,404		318,406
Unconsolidated VIEs:
Asset-backed Canadian commercial paper conduit facility	96,278		(4,235)		6,805		169		99,017		84,269
	$	2,809,687	$	(147,616)	$	146,907	$	10,801	$	2,819,779	$	2,327,220

	December 31, 2022
	Finance receivables		Allowance for credit losses		Restricted cash		Other assets		Total assets		Asset-backed debt, net
On-balance sheet assets and liabilities:
Consolidated VIEs:
Asset-backed securitizations	$	2,558,450	$	(130,774)	$	114,254	$	7,899	$	2,549,829	$	2,019,414
Asset-backed U.S. commercial paper conduit facility	474,167		(24,236)		26,874		1,906		478,711		425,794
Unconsolidated VIEs:
Asset-backed Canadian commercial paper conduit facility	82,375		(3,452)		4,873		130		83,926		71,785
	$	3,114,992	$	(158,462)	$	146,001	$	9,935	$	3,112,466	$	2,516,993
	June 26, 2022
	Finance receivables		Allowance for credit losses		Restricted cash		Other assets		Total assets		Asset-backed debt, net
On-balance sheet assets and liabilities:
Consolidated VIEs:
Asset-backed securitizations	$	3,477,839	$	(173,853)	$	202,029	$	3,432	$	3,509,447	$	2,847,921
Asset-backed U.S. commercial paper conduit facility	630,305		(31,491)		43,701		782		643,297		570,628
Unconsolidated VIEs:
Asset-backed Canadian commercial paper conduit facility	88,197		(3,598)		6,481		76		91,156		77,984
	$	4,196,341	$	(208,942)	$	252,211	$	4,290	$	4,243,900	$	3,496,533

Schedule of Transfer of Financial Assets Accounted for as Sales

Quarterly transfers of U.S. retail motorcycle finance receivables to SPEs, the respective proceeds, and the respective proceeds, net of discounts and issuance costs were as follows (in millions):

	2023						2022
	Transfers		Proceeds		Proceeds, net		Transfers		Proceeds		Proceeds, net
First quarter	$	628.5	$	550.0	$	547.7	$	—	$	—	$	—
Second quarter	$	—	$	—	$	—	2,176.4		1,836.3		1,826.9
	$	628.5	$	550.0	$	547.7	$	2,176.4	$	1,836.3	$	1,826.9