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Supplemental Consolidating Data (Tables)
 3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Operations Supplemental consolidating data is as follows (in thousands):
 Three months ended March 31, 2025
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and related products$1,086,512 $— $(2,264)$1,084,248 
Financial services— 245,717 (756)244,961 
1,086,512 245,717 (3,020)1,329,209 
Costs and expenses:
Motorcycles and related products cost of goods sold770,785 — — 770,785 
Financial services interest expense— 88,934 — 88,934 
Financial services provision for credit losses— 53,334 — 53,334 
Selling, administrative and engineering expense217,948 40,936 (3,227)255,657 
988,733 183,204 (3,227)1,168,710 
Operating income97,779 62,513 207 160,499 
Other income, net 16,273 — — 16,273 
Investment income8,941 — — 8,941 
Interest expense7,686 — — 7,686 
Income before income taxes115,307 62,513 207 178,027 
Income tax provision32,768 14,462 — 47,230 
Net income82,539 48,051 207 130,797 
Less: (income) loss attributable to noncontrolling interests2,307 $— $— $2,307 
Net income attributable to Harley-Davidson, Inc.$84,846 $48,051 $207 $133,104 
Three months ended March 31, 2024
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and Related Products$1,482,759 $— $(1,949)$1,480,810 
Financial Services— 249,239 (442)248,797 
1,482,759 249,239 (2,391)1,729,607 
Costs and expenses:
Motorcycles and Related Products cost of goods sold1,023,681 — — 1,023,681 
Financial Services interest expense— 88,739 — 88,739 
Financial Services provision for credit losses— 61,010 — 61,010 
Selling, administrative and engineering expense248,474 47,122 (2,498)293,098 
1,272,155 196,871 (2,498)1,466,528 
Operating income210,604 52,368 107 263,079 
Other income, net20,564 — — 20,564 
Investment income14,404 — — 14,404 
Interest expense7,679 — — 7,679 
Income before income taxes237,893 52,368 107 290,368 
Provision for income taxes45,530 12,605 — 58,135 
Net income192,363 39,763 107 232,233 
Less: (income) loss attributable to noncontrolling interests2,708 — — 2,708 
Net income attributable to Harley-Davidson, Inc.$195,071 $39,763 $107 $234,941 
Schedule of Comprehensive Income
 Three months ended March 31, 2025
  Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
Net income$82,539 $48,051 $207 $130,797 
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments6,201 1,164 — 7,365 
Derivative financial instruments(9,050)(3,015)— (12,065)
Pension and postretirement benefit plans(777)— — (777)
(3,626)(1,851)— (5,477)
Comprehensive income78,913 46,200 207 125,320 
Less: Comprehensive loss attributable to noncontrolling interests2,307 — — 2,307 
Comprehensive income attributable to Harley-Davidson, Inc.$81,220 $46,200 $207 $127,627 
 Three months ended March 31, 2024
  Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
Net income$192,363 $39,763 $107 $232,233 
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments(28,385)(2,909)— (31,294)
Derivative financial instruments9,582 (5,061)— 4,521 
Pension and postretirement benefit plans(823)— — (823)
(19,626)(7,970)— (27,596)
Comprehensive income172,737 31,793 107 204,637 
Less: Comprehensive loss attributable to noncontrolling interests2,708 — — 2,708 
Comprehensive income attributable to Harley-Davidson, Inc.$175,445 $31,793 $107 $207,345 
Schedule of Balance Sheet
 March 31, 2025
 Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$947,446 $983,729 $— $1,931,175 
Accounts receivable, net635,492 66 (322,224)313,334 
Finance receivables, net— 2,286,672 — 2,286,672 
Inventories, net712,312 — — 712,312 
Restricted cash— 150,132 — 150,132 
Other current assets232,091 62,581 (40,985)253,687 
2,527,341 3,483,180 (363,209)5,647,312 
Finance receivables, net— 5,112,935 — 5,112,935 
Property, plant and equipment, net739,818 10,801 — 750,619 
Pension and postretirement assets454,359 — — 454,359 
Goodwill62,347 — — 62,347 
Deferred income taxes74,233 85,560 (753)159,040 
Lease assets60,410 2,995 — 63,405 
Other long-term assets216,289 36,234 (120,159)132,364 
$4,134,797 $8,731,705 $(484,121)$12,382,381 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable$403,524 $361,829 $(322,224)$443,129 
Accrued liabilities525,799 177,331 (40,457)662,673 
Short-term deposits, net— 178,376 — 178,376 
Short-term debt— 498,500 — 498,500 
Current portion of long-term debt, net449,903 1,389,197 — 1,839,100 
1,379,226 2,605,233 (362,681)3,621,778 
Long-term deposits, net— 334,954 — 334,954 
Long-term debt, net297,078 4,666,183 — 4,963,261 
Lease liabilities45,304 2,663 — 47,967 
Pension and postretirement liabilities53,104 — — 53,104 
Deferred income taxes15,784 1,231 — 17,015 
Other long-term liabilities129,560 39,440 1,612 170,612 
Commitments and contingencies (Note 14)
Shareholders’ equity2,214,741 1,082,001 (123,052)3,173,690 
$4,134,797 $8,731,705 $(484,121)$12,382,381 
 December 31, 2024
 Non-Financial Services EntitiesFinancial 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, net449,831 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, net296,969 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 14)
Shareholders’ equity2,245,958 1,035,227 (122,685)3,158,500 
$4,037,434 $8,102,909 $(258,764)$11,881,579 
 March 31, 2024
 Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$1,052,237 $412,377 $— $1,464,614 
Accounts receivable, net718,621 38 (412,668)305,991 
Finance receivables, net— 2,523,250 — 2,523,250 
Inventories, net779,575 — — 779,575 
Restricted cash— 129,745 — 129,745 
Other current assets138,623 55,101 (10,994)182,730 
2,689,056 3,120,511 (423,662)5,385,905 
Finance receivables, net— 5,382,772 — 5,382,772 
Property, plant and equipment, net699,723 18,960 — 718,683 
Pension and postretirement assets426,817 — — 426,817 
Goodwill62,286 — — 62,286 
Deferred income taxes71,083 83,744 (745)154,082 
Lease assets63,085 2,920 — 66,005 
Other long-term assets227,542 25,998 (115,170)138,370 
$4,239,592 $8,634,905 $(539,577)$12,334,920 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable$369,067 $441,107 $(412,668)$397,506 
Accrued liabilities480,771 162,329 (10,286)632,814 
Short-term deposits, net— 240,445 — 240,445 
Short-term debt— 938,719 — 938,719 
Current portion of long-term debt, net— 1,281,840 — 1,281,840 
849,838 3,064,440 (422,954)3,491,324 
Long-term deposits, net— 200,723 — 200,723 
Long-term debt, net746,258 4,242,633 — 4,988,891 
Lease liabilities45,830 2,559 — 48,389 
Pension and postretirement liabilities59,226 — — 59,226 
Deferred income taxes30,267 3,242 — 33,509 
Other long-term liabilities143,800 31,187 1,785 176,772 
Commitments and contingencies (Note 14)
Shareholders’ equity2,364,373 1,090,121 (118,408)3,336,086 
$4,239,592 $8,634,905 $(539,577)$12,334,920 
Schedule of Cash Flows
 Three months ended March 31, 2025
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from operating activities:
Net income$82,539 $48,051 $207 $130,797 
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization39,344 2,360 — 41,704 
Amortization of deferred loan origination costs— 15,856 — 15,856 
Amortization of financing origination fees182 3,087 — 3,269 
Provision for long-term employee benefits(13,763)— — (13,763)
Employee benefit plan contributions and payments(1,556)— — (1,556)
Stock compensation expense6,241 574 — 6,815 
Net change in wholesale finance receivables related to sales— — (270,851)(270,851)
Provision for credit losses— 53,334 — 53,334 
Deferred income taxes14,735 4,102 (264)18,573 
Other, net(5,550)8,567 (209)2,808 
Changes in current assets and liabilities:
Accounts receivable, net(334,284)— 261,698 (72,586)
Finance receivables – accrued interest and other
— (3,496)— (3,496)
Inventories, net42,217 — — 42,217 
Accounts payable and accrued liabilities125,876 299,158 (221,753)203,281 
Other current assets28,707 (6,925)(36,650)(14,868)
(97,851)376,617 (268,029)10,737 
Net cash (used) provided by operating activities
(15,312)424,668 (267,822)141,534 
Cash flows from investing activities:
Capital expenditures(29,935)(38)— (29,973)
Origination of finance receivables— (1,493,955)757,154 (736,801)
Collections on finance receivables— 1,317,330 (489,332)827,998 
Other investing activities171 — — 171 
Net cash (used) provided by investing activities
(29,764)(176,663)267,822 61,395 
 Three months ended March 31, 2025
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from financing activities:
Proceeds from issuance of medium-term notes— 647,088 — 647,088 
Repayments of securitization debt— (292,671)— (292,671)
Borrowings of asset-backed commercial paper— 155,000 — 155,000 
Repayments of asset-backed commercial paper— (65,004)— (65,004)
Net decrease in unsecured commercial paper
— (140,778)— (140,778)
Net decrease in deposits
— (37,439)— (37,439)
Dividends paid(22,921)— — (22,921)
Repurchase of common stock(93,095)— — (93,095)
Other financing activities5 — — 5 
Net cash (used) provided by financing activities(116,011)266,196 — 150,185 
Effect of exchange rate changes on cash, cash equivalents and restricted cash2,870 429 — 3,299 
Net (decrease) increase in cash, cash equivalents and restricted cash
$(158,217)$514,630 $— $356,413 
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period$1,105,663 $635,191 $— $1,740,854 
Net (decrease) increase in cash, cash equivalents and restricted cash
(158,217)514,630 — 356,413 
Cash, cash equivalents and restricted cash, end of period$947,446 $1,149,821 $— $2,097,267 
 Three months ended March 31, 2024
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from operating activities:
Net income$192,363 $39,763 $107 $232,233 
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization39,288 2,216 — 41,504 
Amortization of deferred loan origination costs— 18,282 — 18,282 
Amortization of financing origination fees180 3,178 — 3,358 
Provision for long-term employee benefits(13,933)— — (13,933)
Employee benefit plan contributions and payments(1,399)— — (1,399)
Stock compensation expense15,583 629 — 16,212 
Net change in wholesale finance receivables related to sales— — (435,047)(435,047)
Provision for credit losses— 61,010 — 61,010 
Deferred income taxes4,799 1,201 (601)5,399 
Other, net(1,946)3,822 (107)1,769 
Changes in current assets and liabilities:
Accounts receivable, net(311,951)— 264,832 (47,119)
Finance receivables – accrued interest and other
— 1,213 — 1,213 
Inventories, net131,529 — — 131,529 
Accounts payable and accrued liabilities42,313 270,073 (259,153)53,233 
Other current assets14,248 18,092 3,413 35,753 
(81,289)379,716 (426,663)(128,236)
Net cash provided by operating activities
111,074 419,479 (426,556)103,997 
Cash flows from investing activities:
Capital expenditures(45,922)(434)— (46,356)
Origination of finance receivables— (2,080,020)1,172,251 (907,769)
Collections on finance receivables— 1,587,609 (745,695)841,914 
Other investing activities(1,289)— 1,000 (289)
Net cash used by investing activities(47,211)(492,845)427,556 (112,500)
 Three months ended March 31, 2024
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from financing activities:
Repayments of securitization debt— (234,178)— (234,178)
Borrowings of asset-backed commercial paper— 334,561 — 334,561 
Repayments of asset-backed commercial paper— (46,154)— (46,154)
Net increase in unsecured commercial paper— 58,794 — 58,794 
Net decrease in deposits— (6,758)— (6,758)
Dividends paid(24,385)— — (24,385)
Repurchase of common stock(107,812)— — (107,812)
Other financing activities7 1,000 (1,000)7 
Net cash (used) provided by financing activities(132,190)107,265 (1,000)(25,925)
Effect of exchange rate changes on cash, cash equivalents and restricted cash(6,836)(184)— (7,020)
Net (decrease) increase in cash, cash equivalents and restricted cash$(75,163)$33,715 $— $(41,448)
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(75,163)33,715 — (41,448)
Cash, cash equivalents and restricted cash, end of period$1,052,237 $555,126 $— $1,607,363