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Derivative Financial Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 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
 September 30, 2025December 31, 2024September 30, 2024
Notional
Value
Assets(b)
Liabilities(a)
Notional
Value
Assets(b)
Liabilities(a)
Notional
Value
Assets(b)
Liabilities(a)
Foreign currency contracts$362,988 $1,501 $7,359 $455,322 $19,778 $148 $416,405 $106 $9,168 
Commodity contracts940 — 81 663 59 — 789 25 — 
Cross-currency swaps1,416,994 115,232 — 759,780 — 34,709 1,420,560 19,663 4,702 
$1,780,922 $116,733 $7,440 $1,215,765 $19,837 $34,857 $1,837,754 $19,794 $13,870 
Derivative Financial Instruments
Not Designated as Hedging Instruments
September 30, 2025December 31, 2024September 30, 2024
Notional
Value
Assets
LiabilitiesNotional
Value
Assets
LiabilitiesNotional
Value
Assets
Liabilities
Commodity contracts$3,247 $15 $7 $3,489 $— $163 $3,538 $— $365 
Interest rate caps— — — 272,997 2 — 349,697 10 — 
$3,247 $15 $7 $276,486 $2 $163 $353,235 $10 $365 
(a)Includes $34.7 million of cross-currency swaps recorded in Other long-term liabilities as of December 31, 2024, with all remaining amounts recorded in Accrued liabilities.
(b)Includes $52.3 million and $19.7 million of cross-currency swaps recorded in Other long-term assets as of September 30, 2025 and September 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 endedNine months endedThree months endedNine months ended
September 30,
2025		September 30,
2024		September 30,
2025		September 30,
2024		September 30,
2025		September 30,
2024		September 30,
2025		September 30,
2024
Foreign currency contracts$4,410 $(14,470)$(26,136)$8,311 $(6,293)$6,749 $2,855 $13,718 
Commodity contracts(112)(35)(121)(148)(39)(62)19 (306)
Cross-currency swaps(16,877)48,167 149,941 3,041 2,227 58,669 153,216 16,523 
Treasury rate lock contracts— — — (4,293)(181)(210)(603)(247)
Swap rate lock contracts— — — — (149)(149)(443)(445)
$(12,579)$33,662 $123,684 $6,911 $(4,435)$64,997 $155,044 $29,243 
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 September 30, 2025
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded
$798,683 $292,885 $10,182 $75,883 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts(6,293)— — — 
Commodity contracts(39)— — — 
Cross-currency swaps— 2,227 — — 
Treasury rate lock contracts— — (61)(120)
Swap rate lock contracts— — — (149)
Three months ended September 30, 2024
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded
$618,580 $273,879 $7,707 $94,463 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts6,749 — — — 
Commodity contracts(62)— — — 
Cross-currency swaps— 58,669 — — 
Treasury rate lock contracts— — (90)(120)
Swap rate lock contracts— — — (149)
Nine months ended September 30, 2025
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded
$2,320,261 $849,098 $25,564 $258,391 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts2,855 — — — 
Commodity contracts19 — — — 
Cross-currency swaps— 153,216 — — 
Treasury rate lock contracts— — (243)(360)
Swap rate lock contracts— — — (443)
Nine months ended September 30, 2024
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded
$2,566,272 $870,985 $23,066 $276,943 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts13,718 — — — 
Commodity contracts(306)— — — 
Cross-currency swaps— 16,523 — — 
Treasury rate lock contracts— — (272)25 
Swap rate lock contracts— — — (445)
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 endedNine months ended
September 30,
2025		September 30,
2024		September 30,
2025		September 30,
2024
Foreign currency contracts$387 $(2,943)$5,753 $(250)
Commodity contracts75 (344)(46)(537)
Interest rate caps— (249)(2)(454)
$462 $(3,536)$5,705 $(1,241)