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Derivative Financial Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2024
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
 March 31, 2024December 31, 2023March 31, 2023
Notional
Value
Assets
Liabilities(a)
Notional
Value
Assets(b)
Liabilities(a)
Notional
Value
Assets
Liabilities(a)
Foreign currency contracts$507,835 $8,965 $1,406 $540,088 $3,529 $9,194 $530,175 $3,134 $12,659 
Commodity contracts570 — 85 642 — 134 906 — 339 
Cross-currency swaps1,420,560 — 26,524 1,420,560 15,080 3,160 2,127,240 — 34,685 
Swap rate lock contracts— — — — — — 324,843 — 1,780 
$1,928,965 $8,965 $28,015 $1,961,290 $18,609 $12,488 $2,983,164 $3,134 $49,463 
Derivative Financial Instruments
Not Designated as Hedging Instruments
March 31, 2024December 31, 2023March 31, 2023
Notional
Value
Assets(c)
LiabilitiesNotional
Value
Assets(c)
LiabilitiesNotional
Value
Assets(c)
Liabilities
Commodity contracts$4,361 $24 $89 $5,637 $— $318 $11,229 $99 $755 
Interest rate caps521,765 327 — 617,859 464 — 938,768 1,414 — 
$526,126 $351 $89 $623,496 $464 $318 $949,997 $1,513 $755 
(a)Includes $5.9 million, and $27.9 million of cross-currency swaps recorded in Other long-term liabilities as of March 31, 2024 and March 31, 2023, respectively, with all remaining amounts recorded in Accrued liabilities.
(b)Includes $15.1 million of cross-currency swaps recorded in Other long-term assets as of December 31, 2023 with all remaining amounts recorded in Other current assets.
(c)Includes $0.3 million, $0.5 million, and $1.4 million of interest rate caps recorded in Other long-term assets as of March 31, 2024, December 31, 2023, and March 31, 2023 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 endedThree months ended
March 31,
2024		March 31,
2023		March 31,
2024		March 31,
2023
Foreign currency contracts$15,906 $(1,706)$3,522 $6,290 
Commodity contracts(103)(309)(151)(379)
Cross-currency swaps(38,444)1,416 (31,733)21,625 
Treasury rate lock contracts— 1,139 4 (66)
Swap rate lock contracts— (1,780)(148)(5)
$(22,641)$(1,240)$(28,506)$27,465 

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 March 31, 2024
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded
$1,023,681 $293,098 $7,679 $88,739 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts3,522 — — — 
Commodity contracts(151)— — — 
Cross-currency swaps— (31,733)— — 
Treasury rate lock contracts— — (91)95 
Swap rate lock contracts— — — (148)
Three months ended March 31, 2023
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded
$1,007,301 $285,863 $7,720 $73,549 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts6,290 — — — 
Commodity contracts(379)— — — 
Cross-currency swaps— 21,625 — — 
Treasury rate lock contracts— — (91)25 
Swap rate lock contracts— — — (5)
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 ended
March 31,
2024		March 31,
2023
Foreign currency contracts$1,915 $(627)
Commodity contracts(9)(99)
Interest rate caps(137)(958)
$1,769 $(1,684)