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Derivative Financial Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2025
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
 June 30, 2025December 31, 2024June 30, 2024
Notional
Value
Assets(b)
Liabilities(a)
Notional
Value
Assets(b)
Liabilities(a)
Notional
Value
Assets(b)
Liabilities(a)
Foreign currency contracts$396,336 $647 $15,940 $455,322 $19,778 $148 $451,331 $8,789 $1,069 
Commodity contracts809 16 24 663 59 — 698 18 20 
Cross-currency swaps1,416,994 132,109 — 759,780 — 34,709 1,420,560 — 33,206 
$1,814,139 $132,772 $15,964 $1,215,765 $19,837 $34,857 $1,872,589 $8,807 $34,295 
Derivative Financial Instruments
Not Designated as Hedging Instruments
June 30, 2025December 31, 2024June 30, 2024
Notional
Value
Assets(c)
LiabilitiesNotional
Value
Assets(c)
LiabilitiesNotional
Value
Assets(c)
Liabilities
Commodity contracts$3,280 $— $65 $3,489 $— $163 $3,750 $9 $160 
Interest rate caps133,898 — — 272,997 2 — 430,005 260 — 
$137,178 $— $65 $276,486 $2 $163 $433,755 $269 $160 
(a)Includes $34.7 million and $5.3 million of cross-currency swaps recorded in Other long-term liabilities as of December 31, 2024 and June 30, 2024, respectively, with all remaining amounts recorded in Accrued liabilities.
(b)Includes $61.2 million of cross-currency swaps recorded in Other long-term assets as of June 30, 2025, with all remaining amounts recorded in Other current assets.
(c)Includes $0.3 million of interest rate caps recorded in Other long-term assets as of June 30, 2024, with all remaining amounts recorded in Other current assets.
Schedule of Gain/(Loss) on Derivative Cash Flow Hedges Reclassified From AOCI Into Income
The amounts of gains and losses related to the Company's derivative financial instruments designated as cash flow hedges were as follows (in thousands):
 Gain/(Loss)
Recognized in OCI		Gain/(Loss)
Reclassified from AOCL into Income
 Three months endedSix months endedThree months endedSix months ended
June 30,
2025		June 30,
2024		June 30,
2025		June 30,
2024		June 30,
2025		June 30,
2024		June 30,
2025		June 30,
2024
Foreign currency contracts$(21,953)$6,875 $(30,546)$22,781 $5,749 $3,447 $9,148 $6,969 
Commodity contracts(140)(10)(9)(113)— (93)58 (244)
Cross-currency swaps136,721 (6,682)166,818 (45,126)116,669 (10,413)150,989 (42,146)
Treasury rate lock contracts— (4,293)— (4,293)(211)(41)(422)(37)
Swap rate lock contracts— — — — (148)(148)(294)(296)
$114,628 $(4,110)$136,263 $(26,751)$122,059 $(7,248)$159,479 $(35,754)
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 June 30, 2025
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded
$750,793 $300,557 $7,696 $93,574 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts5,749 — — — 
Commodity contracts— — — — 
Cross-currency swaps— 116,669 — — 
Treasury rate lock contracts— — (91)(120)
Swap rate lock contracts— — — (148)
Three months ended June 30, 2024
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded
$924,012 $304,008 $7,680 $93,741 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts3,447 — — — 
Commodity contracts(93)— — — 
Cross-currency swaps— (10,413)— — 
Treasury rate lock contracts— — (91)50 
Swap rate lock contracts— — — (148)
Six months ended June 30, 2025
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded
$1,521,579 $556,214 $15,382 $182,508 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts9,148 — — — 
Commodity contracts58 — — — 
Cross-currency swaps— 150,989 — — 
Treasury rate lock contracts— — (182)(240)
Swap rate lock contracts— — — (294)
 Motorcycles and related products
cost of goods sold		Selling, administrative &
engineering expense		Interest expenseFinancial services interest expense
Six months ended June 30, 2024
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded
$1,947,693 $597,105 $15,359 $182,480 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts6,969 — — — 
Commodity contracts(244)— — — 
Cross-currency swaps— (42,146)— — 
Treasury rate lock contracts— — (182)145 
Swap rate lock contracts— — — (296)
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 endedSix months ended
June 30,
2025		June 30,
2024		June 30,
2025		June 30,
2024
Foreign currency contracts$3,208 $779 $5,366 $2,694 
Commodity contracts(65)(184)(122)(193)
Interest rate caps— (68)(2)(205)
$3,143 $527 $5,242 $2,296