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Supplemental Consolidating Data (Tables)
12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Operations Supplemental consolidating data for 2024 is as follows (in thousands):
 Year Ended December 31, 2024
  Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and related products$4,157,275 $— $(9,011)$4,148,264 
Financial services— 1,040,203 (1,665)1,038,538 
4,157,275 1,040,203 (10,676)5,186,802 
Costs and expenses:
Motorcycles and related products cost of goods sold3,005,940 — — 3,005,940 
Financial services interest expense— 371,766 — 371,766 
Financial services provision for credit losses— 247,225 — 247,225 
Selling, administrative and engineering expense976,028 180,137 (10,921)1,145,244 
3,981,968 799,128 (10,921)4,770,175 
Operating income175,307 241,075 245 416,627 
Other income, net72,295 — — 72,295 
Investment income258,964 — (200,000)58,964 
Interest expense30,748 — — 30,748 
Income before income taxes475,818 241,075 (199,755)517,138 
Income tax provision15,197 56,766 — 71,963 
Net income460,621 184,309 (199,755)445,175 
Less: (income) loss attributable to noncontrolling interests10,182 — — 10,182 
Net income attributable to Harley-Davidson, Inc.$470,803 $184,309 $(199,755)$455,357 
 Year Ended December 31, 2023
 Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and related products$4,891,449 $— $(8,557)$4,882,892 
Financial services— 955,810 (2,224)953,586 
4,891,449 955,810 (10,781)5,836,478 
Costs and expenses:
Motorcycles and related products cost of goods sold3,322,306 — — 3,322,306 
Financial services interest expense— 332,380 — 332,380 
Financial services provision for credit losses— 227,158 — 227,158 
Selling, administrative and engineering expense1,018,670 167,861 (10,981)1,175,550 
4,340,976 727,399 (10,981)5,057,394 
Operating income550,473 228,411 200 779,084 
Other income, net71,808 — — 71,808 
Investment income246,771 — (200,000)46,771 
Interest expense30,787 — — 30,787 
Income before income taxes838,265 228,411 (199,800)866,876 
Income tax provision125,356 46,474 — 171,830 
Net income712,909 181,937 (199,800)695,046 
Less: (income) loss attributable to noncontrolling interests11,540 — — 11,540 
Net income attributable to Harley-Davidson, Inc.$724,449 $181,937 $(199,800)$706,586 
 Year Ended December 31, 2022
 Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and related products$4,946,005 $— $(11,500)$4,934,505 
Financial services— 822,530 (1,905)820,625 
4,946,005 822,530 (13,405)5,755,130 
Costs and expenses:
Motorcycles and related products cost of goods sold3,403,728 — — 3,403,728 
Financial services interest expense— 217,653 — 217,653 
Financial services provision for credit losses— 145,133 — 145,133 
Selling, administrative and engineering expense941,312 151,833 (13,807)1,079,338 
4,345,040 514,619 (13,807)4,845,852 
Operating income600,965 307,911 402 909,278 
Other income, net48,652 — — 48,652 
Investment income204,538 — (200,000)4,538 
Interest expense31,235 — — 31,235 
Income before income taxes822,920 307,911 (199,598)931,233 
Income tax provision125,820 66,199 — 192,019 
Net income697,100 241,712 (199,598)739,214 
Less: (income) loss attributable to noncontrolling interests2,194 — — 2,194 
Net income attributable to Harley-Davidson, Inc.$699,294 $241,712 $(199,598)$741,408 
Schedule of Comprehensive Income
 Year Ended December 31, 2024
  Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
Net income$460,621 $184,309 $(199,755)$445,175 
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments(13,039)(9,324)— (22,363)
Derivative financial instruments16,621 (2,478)— 14,143 
Pension and postretirement benefit plans(19,524)— — (19,524)
(15,942)(11,802)— (27,744)
Comprehensive income444,679 172,507 (199,755)417,431 
Less: Comprehensive loss attributable to noncontrolling interests10,182 — — 10,182 
Comprehensive income attributable to Harley-Davidson, Inc.$454,861 $172,507 $(199,755)$427,613 
 Year Ended December 31, 2023
  Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
Net income$712,909 $181,937 $(199,800)$695,046 
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments9,619 1,913 — 11,532 
Derivative financial instruments
919 2,920 — 3,839 
Pension and postretirement benefit plans21,596 — — 21,596 
32,134 4,833 — 36,967 
Comprehensive income745,043 186,770 (199,800)732,013 
Less: Comprehensive loss attributable to noncontrolling interests11,540 — — 11,540 
Comprehensive income attributable to Harley-Davidson, Inc.$756,583 $186,770 $(199,800)$743,553 
 Year Ended December 31, 2022
  Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
Net income$697,100 $241,712 $(199,598)$739,214 
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments(27,198)(8,672)— (35,870)
Derivative financial instruments
(15,312)6,877 — (8,435)
Pension and postretirement benefit plans(56,705)— — (56,705)
(99,215)(1,795)— (101,010)
Comprehensive income597,885 239,917 (199,598)638,204 
Less: Comprehensive loss attributable to noncontrolling interests2,194 — — 2,194 
Comprehensive income attributable to Harley-Davidson, Inc.$600,079 $239,917 $(199,598)$640,398 
Schedule of Balance Sheet
 December 31, 2024
 Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$1,105,663 $483,945 $— $1,589,608 
Accounts receivable, net294,776 65 (60,526)234,315 
Finance receivables, net— 2,031,496 — 2,031,496 
Inventories, net745,793 — — 745,793 
Restricted cash— 135,661 — 135,661 
Other current assets273,791 63,608 (77,635)259,764 
2,420,023 2,714,775 (138,161)4,996,637 
Finance receivables, net— 5,256,798 — 5,256,798 
Property, plant and equipment, net743,875 13,197 — 757,072 
Pension and postretirement assets440,825 — — 440,825 
Goodwill61,655 — — 61,655 
Deferred income taxes88,734 88,109 (1,017)175,826 
Lease assets60,628 3,225 — 63,853 
Other long-term assets221,694 26,805 (119,586)128,913 
$4,037,434 $8,102,909 $(258,764)$11,881,579 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable$275,314 $83,930 $(60,526)$298,718 
Accrued liabilities515,830 155,437 (77,307)593,960 
Short-term deposits, net— 173,099 — 173,099 
Short-term debt— 640,204 — 640,204 
Current portion of long-term debt, net 449,831 1,401,682 — 1,851,513 
1,240,975 2,454,352 (137,833)3,557,494 
Long-term deposits, net— 377,487 — 377,487 
Long-term debt, net 296,969 4,171,696 — 4,468,665 
Lease liabilities44,520 2,900 — 47,420 
Pension and postretirement liabilities53,874 — — 53,874 
Deferred income taxes15,765 1,124 — 16,889 
Other long-term liabilities139,373 60,123 1,754 201,250 
Commitments and contingencies (Note 15)
Shareholders’ equity2,245,958 1,035,227 (122,685)3,158,500 
$4,037,434 $8,102,909 $(258,764)$11,881,579 
 December 31, 2023
 Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$1,127,400 $406,406 $— $1,533,806 
Accounts receivable, net415,004 32 (147,836)267,200 
Finance receivables, net— 2,113,729 — 2,113,729 
Inventories, net929,951 — — 929,951 
Restricted cash— 104,642 — 104,642 
Other current assets148,006 73,976 (7,581)214,401 
2,620,361 2,698,785 (155,417)5,163,729 
Finance receivables, net— 5,384,536 — 5,384,536 
Property, plant and equipment, net710,982 20,742 — 731,724 
Pension and postretirement assets413,107 — — 413,107 
Goodwill62,696 — — 62,696 
Deferred income taxes79,151 83,379 (1,346)161,184 
Lease assets66,166 3,484 — 69,650 
Other long-term assets228,261 39,208 (113,541)153,928 
$4,180,724 $8,230,134 $(270,304)$12,140,554 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable$323,798 $173,200 $(147,836)$349,162 
Accrued liabilities509,725 144,622 (7,488)646,859 
Short-term deposits, net— 253,309 — 253,309 
Short-term debt— 878,935 — 878,935 
Current portion of long-term debt, net — 1,255,999 — 1,255,999 
833,523 2,706,065 (155,324)3,384,264 
Long-term deposits, net— 194,473 — 194,473 
Long-term debt, net 746,077 4,244,509 — 4,990,586 
Lease liabilities48,433 3,415 — 51,848 
Pension and postretirement liabilities59,772 — — 59,772 
Deferred income taxes30,266 3,248 — 33,514 
Other long-term liabilities150,171 21,725 1,906 173,802 
Commitments and contingencies (Note 15)
Shareholders’ equity2,312,482 1,056,699 (116,886)3,252,295 
$4,180,724 $8,230,134 $(270,304)$12,140,554 
Schedule of Cash Flows
 Year Ended December 31, 2024
 Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from operating activities:
Net income$460,621 $184,309 $(199,755)$445,175 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization151,316 9,357 — 160,673 
Amortization of deferred loan origination costs— 70,745 — 70,745 
Amortization of financing origination fees721 13,242 — 13,963 
Provision for long-term employee benefits(54,008)— — (54,008)
Employee benefit plan contributions and payments (5,078)— — (5,078)
Stock compensation expense46,960 2,045 — 49,005 
Net change in wholesale finance receivables related to sales— — 46,884 46,884 
Provision for credit losses— 247,225 — 247,225 
Deferred income taxes(21,136)(4,811)(329)(26,276)
Other, net17,289 25 (244)17,070 
Changes in current assets and liabilities:
Accounts receivable, net
107,088 — (87,310)19,778 
Finance receivables - accrued interest and other— 36 — 36 
Inventories, net
164,609 — — 164,609 
Accounts payable and accrued liabilities
(27,273)(73,795)45,632 (55,436)
Other current assets(110,404)9,818 70,054 (30,532)
270,084 273,887 74,687 618,658 
Net cash provided by operating activities730,705 458,196 (125,068)1,063,833 
Cash flows from investing activities:
Capital expenditures(194,707)(1,856)— (196,563)
Origination of finance receivables— (6,464,892)2,825,613 (3,639,279)
Collections on finance receivables— 6,340,885 (2,900,545)3,440,340 
Other investing activities8,172 — 4,000 12,172 
Net cash used by investing activities(186,535)(125,863)(70,932)(383,330)
 Year Ended December 31, 2024
 Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from financing activities:
Proceeds from issuance of medium-term notes— 495,856 — 495,856 
Repayments of medium-term notes— (660,780)— (660,780)
Proceeds from securitization debt— 1,145,211 — 1,145,211 
Repayments of securitization debt— (1,078,248)— (1,078,248)
Borrowings of asset-backed commercial paper— 469,986 — 469,986 
Repayments of asset-backed commercial paper— (258,077)— (258,077)
Net decrease in unsecured commercial paper
— (237,340)— (237,340)
Net increase in deposits— 102,119 — 102,119 
Dividends paid (91,224)(200,000)200,000 (91,224)
Repurchase of common stock(459,829)— — (459,829)
Other financing activities11 4,000 (4,000)11 
Net cash used by financing activities
(551,042)(217,273)196,000 (572,315)
Effect of exchange rate changes on cash, cash equivalents and restricted cash(14,865)(1,280)— (16,145)
Net (decrease) increase in cash, cash equivalents and restricted cash
$(21,737)$113,780 $— $92,043 
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period$1,127,400 $521,411 $— $1,648,811 
Net (decrease) increase in cash, cash equivalents and restricted cash
(21,737)113,780 — 92,043 
Cash, cash equivalents and restricted cash, end of period$1,105,663 $635,191 $— $1,740,854 
 Year Ended December 31, 2023
 Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from operating activities:
Net income$712,909 $181,937 $(199,800)$695,046 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization149,187 8,925 — 158,112 
Amortization of deferred loan origination costs— 85,018 — 85,018 
Amortization of financing origination fees709 12,499 — 13,208 
Provision for long-term employee benefits(67,624)— — (67,624)
Employee benefit plan contributions and payments(5,736)— — (5,736)
Stock compensation expense79,311 3,590 — 82,901 
Net change in wholesale finance receivables related to sales— — (387,743)(387,743)
Provision for credit losses— 227,158 — 227,158 
Deferred income taxes(26,720)(3,663)324 (30,059)
Other, net(18,480)(21,033)(200)(39,713)
Changes in current assets and liabilities:
Accounts receivable, net
(42,312)— 30,869 (11,443)
Finance receivables - accrued interest and other— (339)— (339)
Inventories, net
21,257 — — 21,257 
Accounts payable and accrued liabilities
(21,957)67,635 (17,108)28,570 
Other current assets(11,283)(5,482)3,039 (13,726)
56,352 374,308 (370,819)59,841 
Net cash provided by operating activities769,261 556,245 (570,619)754,887 
Cash flows from investing activities:
Capital expenditures(202,325)(5,079)— (207,404)
Origination of finance receivables— (7,284,431)3,410,889 (3,873,542)
Collections on finance receivables— 6,611,092 (3,040,270)3,570,822 
Other investing activities(4,680)— 2,500 (2,180)
Net cash used by investing activities(207,005)(678,418)373,119 (512,304)
 Year Ended December 31, 2023
 Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from financing activities:
Proceeds from issuance of medium-term notes— 1,446,304 — 1,446,304 
Repayments of medium-term notes— (1,056,680)— (1,056,680)
Proceeds from securitization debt— 1,045,547 — 1,045,547 
Repayments of securitization debt— (1,193,526)— (1,193,526)
Borrowings of asset-backed commercial paper— 42,429 — 42,429 
Repayments of asset-backed commercial paper— (237,370)— (237,370)
Net increase in unsecured commercial paper— 107,146 — 107,146 
Net increase in deposits— 129,855 — 129,855 
Dividends paid (96,310)(200,000)200,000 (96,310)
Repurchase of common stock(363,987)— — (363,987)
Other financing activities1,946 2,500 (2,500)1,946 
Net cash (used) provided by financing activities(458,351)86,205 197,500 (174,646)
Effect of exchange rate changes on cash, cash equivalents and restricted cash1,697 — — 1,697 
Net increase (decrease) in cash, cash equivalents and restricted cash
$105,602 $(35,968)$— $69,634 
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period$1,021,798 $557,379 $— $1,579,177 
Net increase (decrease) in cash, cash equivalents and restricted cash
105,602 (35,968)— 69,634 
Cash, cash equivalents and restricted cash, end of period$1,127,400 $521,411 $— $1,648,811 
 Year Ended December 31, 2022
 Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from operating activities:
Net income$697,100 $241,712 $(199,598)$739,214 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization143,276 8,666 — 151,942 
Amortization of deferred loan origination costs— 94,914 — 94,914 
Amortization of financing origination fees700 14,405 — 15,105 
Provision for long-term employee benefits(21,891)— — (21,891)
Employee benefit plan contributions and payments(14,320)— — (14,320)
Stock compensation expense50,954 3,399 — 54,353 
Net change in wholesale finance receivables related to sales— — (198,623)(198,623)
Provision for credit losses— 145,133 — 145,133 
Deferred income taxes(11,988)(3,925)(23)(15,936)
Other, net(5,745)(6,880)(402)(13,027)
Changes in current assets and liabilities:
Accounts receivable, net
(96,826)— 14,441 (82,385)
Finance receivables - accrued interest and other— 414 — 414 
Inventories, net
(254,170)— — (254,170)
Accounts payable and accrued liabilities
(6,840)27,069 (15,726)4,503 
Other current assets
(54,516)(3,559)1,310 (56,765)
(271,366)279,636 (199,023)(190,753)
Net cash provided by operating activities425,734 521,348 (398,621)548,461 
Cash flows from investing activities:
Capital expenditures(147,272)(4,397)— (151,669)
Origination of finance receivables— (7,960,123)3,401,289 (4,558,834)
Collections on finance receivables— 7,137,669 (3,202,668)3,935,001 
Other investing activities2,491 — — 2,491 
Net cash used by investing activities(144,781)(826,851)198,621 (773,011)
 Year Ended December 31, 2022
 Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from financing activities:
Proceeds from issuance of medium-term notes— 495,785 — 495,785 
Repayments of medium-term notes— (950,000)— (950,000)
Proceeds from securitization debt— 1,826,891 — 1,826,891 
Repayments of securitization debt— (1,442,860)— (1,442,860)
Borrowings of asset-backed commercial paper— 448,255 — 448,255 
Repayments of asset-backed commercial paper— (302,922)— (302,922)
Net increase in unsecured commercial paper— 16,003 — 16,003 
Net increase in deposits— 26,605 — 26,605 
Dividends paid (93,180)(200,000)200,000 (93,180)
Repurchase of common stock(338,627)— — (338,627)
Cash received from business combination
114,068 — — 114,068 
Other financing activities(1,985)— — (1,985)
Net cash (used) provided by financing activities(319,724)(82,243)200,000 (201,967)
Effect of exchange rate changes on cash, cash equivalents and restricted cash(17,636)(1,889)— (19,525)
Net decrease in cash, cash equivalents and restricted cash
$(56,407)$(389,635)$— $(446,042)
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period$1,078,205 $947,014 $— $2,025,219 
Net decrease in cash, cash equivalents and restricted cash
(56,407)(389,635)— (446,042)
Cash, cash equivalents and restricted cash, end of period$1,021,798 $557,379 $— $1,579,177