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Derivative Financial Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instrument Fair Value
The notional and fair values of the Company's derivative financial instruments under ASC Topic 815 were as follows (in thousands):
Derivative Financial Instruments
Designated as Cash Flow Hedging Instruments
 September 30, 2023December 31, 2022September 25, 2022
Notional
Value
Assets
Liabilities(a)
Notional
Value
Assets
Liabilities(a)
Notional
Value
Assets
Liabilities(a)
Foreign currency contracts$481,204 $15,486 $1,325 $550,160 $6,054 $13,440 $459,252 $29,975 $331 
Commodity contracts601 — 63 1,361 — 410 1,724 169 — 
Cross-currency swaps1,420,560 — 58,655 1,367,460 — 36,101 1,367,460 — 149,479 
$1,902,365 $15,486 $60,043 $1,918,981 $6,054 $49,951 $1,828,436 $30,144 $149,810 
Derivative Financial Instruments
Not Designated as Hedging Instruments
September 30, 2023December 31, 2022September 25, 2022
Notional
Value
Assets(b)
LiabilitiesNotional
Value
Assets(b)
LiabilitiesNotional
Value
Assets(b)
Liabilities
Commodity contracts$5,773 $168 $245 $10,803 $310 $310 $8,197 $27 $919 
Interest rate caps718,960 1,966 — 1,058,827 2,373 — 1,183,178 3,857 — 
$724,733 $2,134 $245 $1,069,630 $2,683 $310 $1,191,375 $3,884 $919 
(a)Includes $58.7 million, $24.2 million, and $82.7 million of cross-currency swaps recorded in Other long-term liabilities as of September 30, 2023, December 31, 2022, and September 25, 2022, respectively, with all remaining amounts recorded in Accrued liabilities.
(b)Includes $2.0 million, $2.4 million, and $3.9 million of interest rate caps recorded in Other long-term assets as of September 30, 2023, December 31, 2022, and September 25, 2022 respectively, with all remaining amounts recorded in Other current assets.
Schedule of Gain/(Loss) on Derivative Cash Flow Hedges Reclassified From AOCI Into Income
The amounts of gains and losses related to the Company's derivative financial instruments designated as cash flow hedges were as follows (in thousands):
 Gain/(Loss)
Recognized in OCI		Gain/(Loss)
Reclassified from AOCL into Income
 Three months endedNine months endedThree months endedNine months ended
September 30,
2023		September 25,
2022		September 30,
2023		September 25,
2022		September 30,
2023		September 25,
2022		September 30,
2023		September 25,
2022
Foreign currency contracts$14,632 $26,657 $18,597 $54,429 $(3,588)$15,202 $635 $30,484 
Commodity contracts(51)88 (467)816 (115)147 (814)627 
Cross-currency swaps(44,089)(94,912)(22,543)(184,551)(41,210)(95,111)(16,365)(201,377)
Treasury rate lock contracts— — 1,139 — (241)(90)(510)(335)
Swap rate lock contracts— — (1,780)— 95 — 163 — 
$(29,508)$(68,167)$(5,054)$(129,306)$(45,059)$(79,852)$(16,891)$(170,601)

The location and amount of gains and losses recognized in income related to the Company's derivative financial instruments designated as cash flow hedges were as follows (in thousands):
 Motorcycles and related products
cost of goods sold		Selling, administrative &
engineering expense		Interest expenseFinancial services interest expense
Three months ended September 30, 2023
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded
$893,343 $301,454 $7,688 $84,123 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts(3,588)— — — 
Commodity contracts(115)— — — 
Cross-currency swaps— (41,210)— — 
Treasury rate lock contracts— — (91)(150)
Swap rate lock contracts— — — 95 
Three months ended September 25, 2022
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded
$946,656 $265,841 $8,124 $60,740 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts15,202 — — — 
Commodity contracts147 — — — 
Cross-currency swaps— (95,111)— — 
Treasury rate lock contracts— — (90)— 
 Motorcycles and related products
cost of goods sold		Selling, administrative &
engineering expense		Interest expenseFinancial services interest expense
Nine months ended September 30, 2023
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded$2,691,272 $877,591 $23,104 $243,677 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts635 — — — 
Commodity contracts(814)— — — 
Cross-currency swaps— (16,365)— — 
Treasury rate lock contracts— — (272)(238)
Swap rate lock contracts— — — 163 
Nine months ended September 25, 2022
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded$2,721,913 $740,699 $23,555 $150,488 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts30,484 — — — 
Commodity contracts627 — — — 
Cross-currency swaps— (201,377)— — 
Treasury rate lock contracts— — (272)(63)
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The amount of gains and losses recognized in income related to derivative financial instruments not designated as hedging instruments were as follows (in thousands). Gains and losses on foreign currency contracts and commodity contracts were recorded in Motorcycles and related products cost of goods sold. Gains and losses on interest rate caps were recorded in Selling, administrative & engineering expense.
 Amount of Gain/(Loss)
Recognized in Income
 Three months endedNine months ended
September 30,
2023		September 25,
2022		September 30,
2023		September 25,
2022
Foreign currency contracts$2,064 $3,061 $1,127 $9,348 
Commodity contracts297 (760)(1,080)472 
Interest rate caps(700)1,997 (407)2,015 
$1,661 $4,298 $(360)$11,835