Organization, Consolidation and Presentation of Financial Statements

12 Months Ended

Dec. 31, 2024


In millions	December 31, 2024		December 31, 2023
Inventories
Raw materials and purchased components	$	580.7	$	779.3
Service parts, garments and accessories	327.2		346.9
Finished goods	943.2		779.4
Less: reserves	(109.6)		(95.1)
Inventories, net	$	1,741.5	$	1,810.5
Property and equipment
Land, buildings and improvements	$	691.2	$	653.4
Equipment and tooling	1,779.2		1,731.8
	2,470.4		2,385.2
Less: accumulated depreciation	(1,283.7)		(1,183.7)
Property and equipment, net	$	1,186.7	$	1,201.5
Accrued expenses
Compensation	$	145.9	$	212.7
Warranties	162.8		181.1
Sales promotions and incentives	249.0		230.9
Dealer holdback	157.3		193.2
Other accrued expenses	544.7		305.7
Total accrued expenses	$	1,259.7	$	1,123.6
Other current liabilities
Current operating lease liabilities	$	28.8	$	29.5
Income taxes payable	7.6		13.6
Total other current liabilities	$	36.4	$	43.1
Other long-term liabilities
Long-term operating lease liabilities	$	99.7	$	115.1
Long-term income taxes payable	12.5		12.1
Deferred tax liabilities	6.1		2.7
Other long-term liabilities	175.1		167.1
Total other long-term liabilities	$	293.4	$	297.0