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Supplemental Consolidating Data (Tables)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Operations Supplemental consolidating data is as follows (in thousands):
 Three months ended June 30, 2025
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and related products$1,052,206 $— $(2,546)$1,049,660 
Financial services— 258,834 (1,396)257,438 
1,052,206 258,834 (3,942)1,307,098 
Costs and expenses:
Motorcycles and related products cost of goods sold750,793 — — 750,793 
Financial services interest expense— 93,574 — 93,574 
Financial services provision for credit losses— 49,738 — 49,738 
Selling, administrative and engineering expense257,361 46,884 (3,688)300,557 
1,008,154 190,196 (3,688)1,194,662 
Operating income44,052 68,638 (254)112,436 
Other income, net 14,477 — — 14,477 
Investment income10,950 — — 10,950 
Interest expense7,696 — — 7,696 
Income before income taxes61,783 68,638 (254)130,167 
Income tax provision7,976 16,446 — 24,422 
Net income53,807 52,192 (254)105,745 
Less: (income) loss attributable to noncontrolling interests1,824 $— $— $1,824 
Net income attributable to Harley-Davidson, Inc.$55,631 $52,192 $(254)$107,569 
 Six months ended June 30, 2025
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and related products$2,138,719 $— $(4,810)$2,133,909 
Financial services— 504,551 (2,152)502,399 
2,138,719 504,551 (6,962)2,636,308 
Costs and expenses:
Motorcycles and related products cost of goods sold1,521,579 — — 1,521,579 
Financial services interest expense— 182,508 — 182,508 
Financial services provision for credit losses— 103,072 — 103,072 
Selling, administrative and engineering expense475,309 87,820 (6,915)556,214 
1,996,888 373,400 (6,915)2,363,373 
Operating income141,831 131,151 (47)272,935 
Other income, net 30,750 — — 30,750 
Investment income19,891 — — 19,891 
Interest expense15,382 — — 15,382 
Income before income taxes177,090 131,151 (47)308,194 
Provision for income taxes40,744 30,908 — 71,652 
Net income136,346 100,243 (47)236,542 
Less: (income) loss attributable to noncontrolling interests4,131 — — 4,131 
Net income attributable to Harley-Davidson, Inc.$140,477 $100,243 $(47)$240,673 
Three months ended June 30, 2024
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and Related Products$1,357,953 $— $(2,599)$1,355,354 
Financial Services— 264,220 (681)263,539 
1,357,953 264,220 (3,280)1,618,893 
Costs and expenses:
Motorcycles and Related Products cost of goods sold924,012 — — 924,012 
Financial Services interest expense— 93,741 — 93,741 
Financial Services provision for credit losses— 56,030 — 56,030 
Selling, administrative and engineering expense262,188 45,004 (3,184)304,008 
1,186,200 194,775 (3,184)1,377,791 
Operating income171,753 69,445 (96)241,102 
Other income, net15,879 — — 15,879 
Investment income14,811 — — 14,811 
Interest expense7,680 — — 7,680 
Income before income taxes194,763 69,445 (96)264,112 
Provision for income taxes32,032 16,674 — 48,706 
Net income162,731 52,771 (96)215,406 
Less: (income) loss attributable to noncontrolling interests2,863 — — 2,863 
Net income attributable to Harley-Davidson, Inc.$165,594 $52,771 $(96)$218,269 
Six months ended June 30, 2024
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and related products$2,840,712 $— $(4,548)$2,836,164 
Financial services— 513,459 (1,123)512,336 
2,840,712 513,459 (5,671)3,348,500 
Costs and expenses:
Motorcycles and related products cost of goods sold1,947,693 — — 1,947,693 
Financial services interest expense— 182,480 — 182,480 
Financial services provision for credit losses— 117,040 — 117,040 
Selling, administrative and engineering expense510,661 92,126 (5,682)597,105 
2,458,354 391,646 (5,682)2,844,318 
Operating income382,358 121,813 11 504,182 
Other income, net36,443 — — 36,443 
Investment income
29,215 — — 29,215 
Interest expense15,359 — — 15,359 
Income before income taxes432,657 121,813 11 554,481 
Provision for income taxes77,562 29,280 — 106,842 
Net income355,095 92,533 11 447,639 
Less: (income) loss attributable to noncontrolling interests5,571 — — 5,571 
Net income attributable to Harley-Davidson, Inc.$360,666 $92,533 $11 $453,210 
Schedule of Comprehensive Income
 Three months ended June 30, 2025
  Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
Net income$53,807 $52,192 $(254)$105,745 
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments39,941 6,355 — 46,296 
Derivative financial instruments(21,234)15,475 — (5,759)
Pension and postretirement benefit plans(776)— — (776)
17,931 21,830 — 39,761 
Comprehensive income71,738 74,022 (254)145,506 
Less: Comprehensive loss attributable to noncontrolling interests1,824 — — 1,824 
Comprehensive income attributable to Harley-Davidson, Inc.$73,562 $74,022 $(254)$147,330 
Six months ended June 30, 2025
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Net income$136,346 $100,243 $(47)$236,542 
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments46,142 7,519 — 53,661 
Derivative financial instruments(30,284)12,460 — (17,824)
Pension and postretirement benefit plans(1,553)— — (1,553)
14,305 19,979 — 34,284 
Comprehensive income150,651 120,222 (47)270,826 
Less: Comprehensive loss attributable to noncontrolling interests4,131 — — 4,131 
Comprehensive income attributable to Harley-Davidson, Inc.$154,782 $120,222 $(47)$274,957 
 Three months ended June 30, 2024
  Non-Financial Services Entities Financial Services EntitiesConsolidating AdjustmentsConsolidated
Net income$162,731 $52,771 $(96)$215,406 
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments(5,607)(1,288)— (6,895)
Derivative financial instruments2,756 (353)— 2,403 
Pension and postretirement benefit plans(824)— — (824)
(3,675)(1,641)— (5,316)
Comprehensive income159,056 51,130 (96)210,090 
Less: Comprehensive loss attributable to noncontrolling interests2,863 — — 2,863 
Comprehensive income attributable to Harley-Davidson, Inc.$161,919 $51,130 $(96)$212,953 
Six months ended June 30, 2024
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Net income$355,095 $92,533 $11 $447,639 
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments(33,992)(4,197)— (38,189)
Derivative financial instruments12,338 (5,414)— 6,924 
Pension and postretirement benefit plans(1,647)— — (1,647)
(23,301)(9,611)— (32,912)
Comprehensive income331,794 82,922 11 414,727 
Less: Comprehensive loss attributable to noncontrolling interests5,571 — — 5,571 
Comprehensive income attributable to Harley-Davidson, Inc.$337,365 $82,922 $11 $420,298 
Schedule of Balance Sheet
 June 30, 2025
 Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$1,067,346 $520,318 $— $1,587,664 
Accounts receivable, net602,064 99 (276,407)325,756 
Finance receivables, net— 2,127,866 — 2,127,866 
Inventories, net630,287 — — 630,287 
Restricted cash— 149,782 — 149,782 
Other current assets249,430 134,295 (56,465)327,260 
2,549,127 2,932,360 (332,872)5,148,615 
Finance receivables, net— 5,198,356 — 5,198,356 
Property, plant and equipment, net720,914 8,577 — 729,491 
Pension and postretirement assets467,893 — — 467,893 
Goodwill63,839 — — 63,839 
Deferred income taxes84,817 82,876 (893)166,800 
Lease assets69,133 2,805 — 71,938 
Other long-term assets225,461 98,798 (120,746)203,513 
$4,181,184 $8,323,772 $(454,511)$12,050,445 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable$337,519 $306,268 $(276,407)$367,380 
Accrued liabilities562,411 166,796 (55,971)673,236 
Short-term deposits, net— 243,101 — 243,101 
Short-term debt— 503,353 — 503,353 
Current portion of long-term debt, net449,976 1,533,852 — 1,983,828 
1,349,906 2,753,370 (332,378)3,770,898 
Long-term deposits, net— 294,783 — 294,783 
Long-term debt, net297,188 4,070,365 — 4,367,553 
Lease liabilities53,880 2,422 — 56,302 
Pension and postretirement liabilities52,189 — — 52,189 
Deferred income taxes15,794 1,233 — 17,027 
Other long-term liabilities137,012 44,988 1,760 183,760 
Commitments and contingencies (Note 14)
Shareholders’ equity2,275,215 1,156,611 (123,893)3,307,933 
$4,181,184 $8,323,772 $(454,511)$12,050,445 
 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 
 June 30, 2024
 Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$1,276,973 $572,186 $— $1,849,159 
Accounts receivable, net636,846 46 (315,607)321,285 
Finance receivables, net— 2,472,784 — 2,472,784 
Inventories, net668,924 — — 668,924 
Restricted cash— 137,486 — 137,486 
Other current assets143,012 59,086 (14,096)188,002 
2,725,755 3,241,588 (329,703)5,637,640 
Finance receivables, net— 5,545,780 — 5,545,780 
Property, plant and equipment, net703,548 16,875 — 720,423 
Pension and postretirement assets438,805 — — 438,805 
Goodwill62,152 — — 62,152 
Deferred income taxes72,899 86,473 (792)158,580 
Lease assets58,078 3,838 — 61,916 
Other long-term assets224,645 25,941 (115,640)134,946 
$4,285,882 $8,920,495 $(446,135)$12,760,242 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable$351,209 $341,465 $(315,607)$377,067 
Accrued liabilities502,575 172,019 (13,427)661,167 
Short-term deposits, net— 206,972 — 206,972 
Short-term debt— 497,792 — 497,792 
Current portion of long-term debt, net— 2,021,344 — 2,021,344 
853,784 3,239,592 (329,034)3,764,342 
Long-term deposits, net— 297,121 — 297,121 
Long-term debt, net746,438 4,203,433 — 4,949,871 
Lease liabilities41,991 3,364 — 45,355 
Pension and postretirement liabilities58,886 — — 58,886 
Deferred income taxes30,266 3,231 — 33,497 
Other long-term liabilities143,946 32,034 1,874 177,854 
Commitments and contingencies (Note 14)
Shareholders’ equity2,410,571 1,141,720 (118,975)3,433,316 
$4,285,882 $8,920,495 $(446,135)$12,760,242 
Schedule of Cash Flows
 Six months ended June 30, 2025
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from operating activities:
Net income$136,346 $100,243 $(47)$236,542 
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization77,352 4,777 — 82,129 
Amortization of deferred loan origination costs— 32,489 — 32,489 
Amortization of financing origination fees364 6,266 — 6,630 
Income related to long-term employee benefits
(27,526)— — (27,526)
Employee benefit plan contributions and payments(3,256)— — (3,256)
Stock compensation expense16,246 1,161 — 17,407 
Net change in wholesale finance receivables related to sales— — (145,174)(145,174)
Provision for credit losses— 103,072 — 103,072 
Deferred income taxes11,955 2,025 (124)13,856 
Other, net(18,648)20,195 45 1,592 
Changes in current assets and liabilities:
Accounts receivable, net(282,732)— 215,881 (66,851)
Finance receivables – accrued interest and other
— 4,999 — 4,999 
Inventories, net142,996 — — 142,996 
Accounts payable and accrued liabilities95,281 230,797 (189,980)136,098 
Other current assets6,156 (10,497)(21,170)(25,511)
18,188 395,284 (140,522)272,950 
Net cash provided by operating activities
154,534 495,527 (140,569)509,492 
Cash flows from investing activities:
Capital expenditures(65,330)(230)— (65,560)
Origination of finance receivables— (3,203,305)1,437,354 (1,765,951)
Collections on finance receivables— 3,037,751 (1,296,785)1,740,966 
Other investing activities691 — — 691 
Net cash used by investing activities
(64,639)(165,784)140,569 (89,854)
 Six months ended June 30, 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 medium-term notes(700,000)(700,000)
Proceeds from securitization debt— 497,790 — 497,790 
Repayments of securitization debt— (584,153)— (584,153)
Borrowings of asset-backed commercial paper— 155,000 — 155,000 
Repayments of asset-backed commercial paper— (145,379)— (145,379)
Net decrease in unsecured commercial paper
— (135,902)— (135,902)
Net decrease in deposits
— (13,073)— (13,073)
Dividends paid(44,756)— — (44,756)
Repurchase of common stock(93,140)— — (93,140)
Other financing activities6 — — 6 
Net cash (used) provided by financing activities(137,890)(278,629)— (416,519)
Effect of exchange rate changes on cash, cash equivalents and restricted cash9,678 2,697 — 12,375 
Net (decrease) increase in cash, cash equivalents and restricted cash
$(38,317)$53,811 $— $15,494 
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
(38,317)53,811 — 15,494 
Cash, cash equivalents and restricted cash, end of period$1,067,346 $689,002 $— $1,756,348 
 Six months ended June 30, 2024
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from operating activities:
Net income$355,095 $92,533 $11 $447,639 
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization75,768 4,608 — 80,376 
Amortization of deferred loan origination costs— 36,466 — 36,466 
Amortization of financing origination fees360 6,433 — 6,793 
Income related to long-term employee benefits
(26,143)— — (26,143)
Employee benefit plan contributions and payments(2,593)— — (2,593)
Stock compensation expense27,896 1,099 — 28,995 
Net change in wholesale finance receivables related to sales— — (388,030)(388,030)
Provision for credit losses— 117,040 — 117,040 
Deferred income taxes2,145 (1,445)(554)146 
Other, net13,339 1,637 (11)14,965 
Changes in current assets and liabilities:
Accounts receivable, net(233,698)— 167,771 (65,927)
Finance receivables – accrued interest and other
— 2,759 — 2,759 
Inventories, net235,539 — — 235,539 
Accounts payable and accrued liabilities48,395 171,199 (155,428)64,166 
Other current assets9,347 9,589 6,515 25,451 
150,355 349,385 (369,737)130,003 
Net cash provided by operating activities
505,450 441,918 (369,726)577,642 
Cash flows from investing activities:
Capital expenditures(87,050)(785)— (87,835)
Origination of finance receivables— (4,210,218)2,114,266 (2,095,952)
Collections on finance receivables— 3,531,504 (1,744,540)1,786,964 
Other investing activities(1,206)— 1,000 (206)
Net cash used by investing activities(88,256)(679,499)370,726 (397,029)
 Six months ended June 30, 2024
Non-Financial Services EntitiesFinancial Services EntitiesConsolidating AdjustmentsConsolidated
Cash flows from financing activities:
Proceeds from issuance of medium-term notes— 495,856 — 495,856 
Proceeds from securitization debt— 547,618 — 547,618 
Repayments of securitization debt— (506,489)— (506,489)
Borrowings of asset-backed commercial paper— 351,429 — 351,429 
Repayments of asset-backed commercial paper— (125,654)— (125,654)
Net decrease in unsecured commercial paper— (379,743)— (379,743)
Net increase in deposits— 56,007 — 56,007 
Dividends paid(47,359)— — (47,359)
Repurchase of common stock(209,675)— — (209,675)
Other financing activities8 1,000 (1,000)8 
Net cash (used) provided by financing activities(257,026)440,024 (1,000)181,998 
Effect of exchange rate changes on cash, cash equivalents and restricted cash(10,595)(226)— (10,821)
Net increase in cash, cash equivalents and restricted cash$149,573 $202,217 $— $351,790 
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period$1,127,400 $521,411 $— $1,648,811 
Net increase in cash, cash equivalents and restricted cash149,573 202,217 — 351,790 
Cash, cash equivalents and restricted cash, end of period$1,276,973 $723,628 $— $2,000,601