Supplemental Consolidating Data (Tables)

6 Months Ended

Jun. 30, 2013

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Operations

	Three months ended June 30, 2013
	Motorcycles & Related Products Operations			Financial Services Operations		Eliminations			Consolidated
Revenue:
Motorcycles and related products	$	1,634,165		$	—	$	(2,699	)	$	1,631,466
Financial services	—			163,335		(494		)	162,841
Total revenue	1,634,165			163,335		(3,193		)	1,794,307
Costs and expenses:
Motorcycles and related products cost of goods sold	1,029,596			—		—			1,029,596
Financial services interest expense	—			45,506		—			45,506
Financial services provision for credit losses	—			11,297		—			11,297
Selling, administrative and engineering expense	249,996			34,581		(3,193		)	281,384
Restructuring expense	(5,297		)	—		—			(5,297		)
Total costs and expenses	1,274,295			91,384		(3,193		)	1,362,486
Operating income	359,870			71,951		—			431,821
Investment income	1,770			—		—			1,770
Interest expense	11,238			—		—			11,238
Income before provision for income taxes	350,402			71,951		—			422,353
Provision for income taxes	124,271			26,343		—			150,614
Net income	$	226,131		$	45,608	$	—		$	271,739
	Six months ended June 30, 2013
	Motorcycles & Related Products Operations			Financial Services Operations		Eliminations			Consolidated
Revenue:
Motorcycles and related products	$	3,050,974		$	—	$	(5,260	)	$	3,045,714
Financial services	—			320,632		(826		)	319,806
Total revenue	3,050,974			320,632		(6,086		)	3,365,520
Costs and expenses:
Motorcycles and related products cost of goods sold	1,924,402			—		—			1,924,402
Financial services interest expense	—			86,060		—			86,060
Financial services provision for credit losses	—			24,407		—			24,407
Selling, administrative and engineering expense	490,071			68,898		(6,086		)	552,883
Restructuring expense	(2,359		)	—		—			(2,359		)
Total costs and expenses	2,412,114			179,365		(6,086		)	2,585,393
Operating income	638,860			141,267		—			780,127
Investment income	188,385			—		(185,000		)	3,385
Interest expense	22,629			—		—			22,629
Income before provision for income taxes	804,616			141,267		(185,000		)	760,883
Provision for income taxes	213,557			51,458		—			265,015
Net income	$	591,059		$	89,809	$	(185,000	)	$	495,868

	Three months ended July 1, 2012
	Motorcycles & Related Products Operations		Financial Services Operations			Eliminations			Consolidated
Revenue:
Motorcycles and related products	$	1,572,003	$	—		$	(2,956	)	$	1,569,047
Financial services	—		160,843			(230		)	160,613
Total revenue	1,572,003		160,843			(3,186		)	1,729,660
Costs and expenses:
Motorcycles and related products cost of goods sold	1,005,230		—			—			1,005,230
Financial services interest expense	—		48,712			—			48,712
Financial services provision for credit losses	—		(5,259		)	—			(5,259		)
Selling, administrative and engineering expense	248,268		38,162			(3,186		)	283,244
Restructuring expense	6,220		—			—			6,220
Total costs and expenses	1,259,718		81,615			(3,186		)	1,338,147
Operating income	312,285		79,228			—			391,513
Investment income	2,231		—			—			2,231
Interest expense	11,595		—			—			11,595
Income before provision for income taxes	302,921		79,228			—			382,149
Provision for income taxes	106,377		28,522			—			134,899
Net income	$	196,544	$	50,706		$	—		$	247,250
	Six months ended July 1, 2012
	Motorcycles & Related Products Operations		Financial Services Operations			Eliminations			Consolidated
Revenue:
Motorcycles and related products	$	2,847,786	$	—		$	(5,370	)	$	2,842,416
Financial services	—		316,749			186			316,935
Total revenue	2,847,786		316,749			(5,184		)	3,159,351
Costs and expenses:
Motorcycles and related products cost of goods sold	1,822,089		—			—			1,822,089
Financial services interest expense	—		99,968			—			99,968
Financial services provision for credit losses	—		3,754			—			3,754
Selling, administrative and engineering expense	484,847		69,235			(5,184		)	548,898
Restructuring expense	17,671		—			—			17,671
Total costs and expenses	2,324,607		172,957			(5,184		)	2,492,380
Operating income	523,179		143,792			—			666,971
Investment income	229,164		—			(225,000		)	4,164
Interest expense	23,090		—			—			23,090
Income before provision for income taxes	729,253		143,792			(225,000		)	648,045
Provision for income taxes	176,995		51,765			—			228,760
Net income	$	552,258	$	92,027		$	(225,000	)	$	419,285

Balance Sheet

	June 30, 2013
	Motorcycles & Related Products Operations		Financial Services Operations		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	935,095	$	365,595	$	—		$	1,300,690
Marketable securities	133,631		—		—			133,631
Accounts receivable, net	956,619		—		(702,800		)	253,819
Finance receivables, net	—		2,010,974		—			2,010,974
Inventories	307,717		—		—			307,717
Restricted cash	—		212,004		—			212,004
Other current assets	175,231		60,405		—			235,636
Total current assets	2,508,293		2,648,978		(702,800		)	4,454,471
Finance receivables, net	—		4,214,612		—			4,214,612
Property, plant and equipment, net	758,674		31,889		—			790,563
Goodwill	29,183		—		—			29,183
Other long-term assets	277,409		18,011		(77,051		)	218,369
	$	3,573,559	$	6,913,490	$	(779,851	)	$	9,707,198
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	290,363	$	756,860	$	(702,800	)	$	344,423
Accrued liabilities	392,613		61,015		(3,381		)	450,247
Short-term debt	—		525,745		—			525,745
Current portion of long-term debt	303,000		473,274		—			776,274
Total current liabilities	985,976		1,816,894		(706,181		)	2,096,689
Long-term debt	—		4,234,352		—			4,234,352
Pension liability	148,974		—		—			148,974
Postretirement healthcare benefits	271,122		—		—			271,122
Other long-term liabilities	116,645		18,177		—			134,822
Shareholders’ equity	2,050,842		844,067		(73,670		)	2,821,239
	$	3,573,559	$	6,913,490	$	(779,851	)	$	9,707,198

	December 31, 2012
	Motorcycles & Related Products Operations		Financial Services Operations		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	727,716	$	340,422	$	—		$	1,068,138
Marketable securities	135,634		—		—			135,634
Accounts receivable, net	781,642		—		(551,563		)	230,079
Finance receivables, net	—		1,743,045		—			1,743,045
Inventories	393,524		—		—			393,524
Restricted cash	—		188,008		—			188,008
Other current assets	230,905		57,609		3,994			292,508
Total current assets	2,269,421		2,329,084		(547,569		)	4,050,936
Finance receivables, net	—		4,038,807		—			4,038,807
Property, plant and equipment, net	783,068		32,396		—			815,464
Goodwill	29,530		—		—			29,530
Other long-term assets	292,764		19,468		(76,196		)	236,036
	$	3,374,783	$	6,419,755	$	(623,765	)	$	9,170,773
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	221,064	$	587,885	$	(551,563	)	$	257,386
Accrued liabilities	439,144		74,447		—			513,591
Short-term debt	—		294,943		—			294,943
Current portion of long-term debt	—		437,162		—			437,162
Total current liabilities	660,208		1,394,437		(551,563		)	1,503,082
Long-term debt	303,000		4,067,544		—			4,370,544
Pension liability	330,294		—		—			330,294
Postretirement healthcare benefits	278,062		—		—			278,062
Other long-term liabilities	114,476		16,691		—			131,167
Shareholders’ equity	1,688,743		941,083		(72,202		)	2,557,624
	$	3,374,783	$	6,419,755	$	(623,765	)	$	9,170,773

	July 1, 2012
	Motorcycles & Related Products Operations		Financial Services Operations		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	725,909	$	345,587	$	—		$	1,071,496
Marketable securities	135,848		—		—			135,848
Accounts receivable, net	885,797		—		(635,529		)	250,268
Finance receivables, net	—		1,854,838		—			1,854,838
Inventories	323,046		—		—			323,046
Restricted cash	—		188,564		—			188,564
Other current assets	182,464		63,343		—			245,807
Total current assets	2,253,064		2,452,332		(635,529		)	4,069,867
Finance receivables, net	—		4,161,731		—			4,161,731
Property, plant and equipment, net	747,133		29,660		—			776,793
Goodwill	28,604		—		—			28,604
Other long-term assets	335,811		17,956		(73,978		)	279,789
	$	3,364,612	$	6,661,679	$	(709,507	)	$	9,316,784
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	197,891	$	689,877	$	(635,529	)	$	252,239
Accrued liabilities	466,808		71,756		(3,467		)	535,097
Short-term debt	—		845,868		—			845,868
Current portion of long-term debt	—		907,389		—			907,389
Total current liabilities	664,699		2,514,890		(638,996		)	2,540,593
Long-term debt	303,000		3,273,994		—			3,576,994
Pension liability	122,496		—		—			122,496
Postretirement healthcare liability	263,295		—		—			263,295
Other long-term liabilities	131,754		15,265		—			147,019
Shareholders’ equity	1,879,368		857,530		(70,511		)	2,666,387
	$	3,364,612	$	6,661,679	$	(709,507	)	$	9,316,784

	Six months ended June 30, 2013
	Motorcycles &  Related Products Operations			Financial Services  Operations		Eliminations & Adjustments			Consolidated
Cash flows from operating activities:
Net Income	$	591,059		89,809		$	(185,000	)	$	495,868
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	80,592			2,814		—			83,406
Amortization of deferred loan origination costs	—			40,947		—			40,947
Amortization of financing origination fees	237			4,398		—			4,635
Provision for employee long-term benefits	33,382			—		—			33,382
Contributions to pension and postretirement plans	(189,116		)	—		—			(189,116		)
Stock compensation expense	19,592			1,469		—			21,061
Net change in wholesale finance receivables	—			—		(293,293		)	(293,293		)
Provision for credit losses	—			24,407		—			24,407
Loss on debt extinguishment	—			4,947		—			4,947
Foreign currency adjustments	18,529			—		—			18,529
Other, net	(647		)	205		—			(442		)
Change in current assets and current liabilities:
Accounts receivable	(286,024		)	—		251,237			(34,787		)
Finance receivables—accrued interest and other	—			699		—			699
Inventories	69,475			—		—			69,475
Accounts payable and accrued liabilities	63,605			258,353		(251,237		)	70,721
Restructuring reserves	(22,790		)	—		—			(22,790		)
Derivative instruments	(1,529		)	(28	)	—			(1,557		)
Other	65,613			(2,028	)	—			63,585
Total adjustments	(149,081		)	336,183		(293,293		)	(106,191		)
Net cash provided by (used by) operating activities	441,978			425,992		(478,293		)	389,677

	Six months ended June 30, 2013
	Motorcycles &  Related Products Operations			Financial Services  Operations			Eliminations & Adjustments			Consolidated
Cash flows from investing activities:
Capital expenditures	(64,282		)	(2,307		)	—			(66,589		)
Origination of finance receivables	—			(4,019,925		)	2,366,693			(1,653,232		)
Collections of finance receivables	—			3,496,088			(2,073,400		)	1,422,688
Purchases of marketable securities	(4,998		)	—			—			(4,998		)
Sales and redemptions of marketable securities	6,003			—			—			6,003
Other	6,667			—			—			6,667
Net cash (used by) provided by investing activities	(56,610		)	(526,144		)	293,293			(289,461		)
Cash flows from financing activities:
Repayments of medium-term notes	—			(27,858		)	—			(27,858		)
Loan to HDFS	100,000			(100,000		)	—			—
Proceeds from securitization of debt	—			647,516			—			647,516
Repayments of securitization debt	—			(423,455		)	—			(423,455		)
Net decrease in credit facilities and unsecured commercial paper	—			230,761			—			230,761
Borrowings of asset-backed commercial paper	—			47,061			—			47,061
Repayments of asset-backed commercial paper	—			(37,642		)	—			(37,642		)
Net change in restricted cash	—			(23,996		)	—			(23,996		)
Dividends paid	(94,213		)	(185,000		)	185,000			(94,213		)
Purchase of common stock for treasury	(208,699		)	—			—			(208,699		)
Excess tax benefits from share based payments	16,338			—			—			16,338
Issuance of common stock under employee stock option plans	24,677			—			—			24,677
Net cash used by financing activities	(161,897		)	127,387			185,000			150,490
Effect of exchange rate changes on cash and cash equivalents	(16,092		)	(2,062		)	—			(18,154		)
Net (decrease) increase in cash and cash equivalents	$	207,379		$	25,173		$	—		$	232,552
Cash and cash equivalents:
Cash and cash equivalents—beginning of period	$	727,716		$	340,422		$	—		$	1,068,138
Net (decrease) increase in cash and cash equivalents	207,379			25,173			—			232,552
Cash and cash equivalents—end of period	$	935,095		$	365,595		$	—		$	1,300,690

Cash Flows

	July 1, 2012
	Motorcycles & Related Products Operations		Financial Services Operations		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	725,909	$	345,587	$	—		$	1,071,496
Marketable securities	135,848		—		—			135,848
Accounts receivable, net	885,797		—		(635,529		)	250,268
Finance receivables, net	—		1,854,838		—			1,854,838
Inventories	323,046		—		—			323,046
Restricted cash	—		188,564		—			188,564
Other current assets	182,464		63,343		—			245,807
Total current assets	2,253,064		2,452,332		(635,529		)	4,069,867
Finance receivables, net	—		4,161,731		—			4,161,731
Property, plant and equipment, net	747,133		29,660		—			776,793
Goodwill	28,604		—		—			28,604
Other long-term assets	335,811		17,956		(73,978		)	279,789
	$	3,364,612	$	6,661,679	$	(709,507	)	$	9,316,784
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	197,891	$	689,877	$	(635,529	)	$	252,239
Accrued liabilities	466,808		71,756		(3,467		)	535,097
Short-term debt	—		845,868		—			845,868
Current portion of long-term debt	—		907,389		—			907,389
Total current liabilities	664,699		2,514,890		(638,996		)	2,540,593
Long-term debt	303,000		3,273,994		—			3,576,994
Pension liability	122,496		—		—			122,496
Postretirement healthcare liability	263,295		—		—			263,295
Other long-term liabilities	131,754		15,265		—			147,019
Shareholders’ equity	1,879,368		857,530		(70,511		)	2,666,387
	$	3,364,612	$	6,661,679	$	(709,507	)	$	9,316,784

	Six months ended June 30, 2013
	Motorcycles &  Related Products Operations			Financial Services  Operations		Eliminations & Adjustments			Consolidated
Cash flows from operating activities:
Net Income	$	591,059		89,809		$	(185,000	)	$	495,868
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	80,592			2,814		—			83,406
Amortization of deferred loan origination costs	—			40,947		—			40,947
Amortization of financing origination fees	237			4,398		—			4,635
Provision for employee long-term benefits	33,382			—		—			33,382
Contributions to pension and postretirement plans	(189,116		)	—		—			(189,116		)
Stock compensation expense	19,592			1,469		—			21,061
Net change in wholesale finance receivables	—			—		(293,293		)	(293,293		)
Provision for credit losses	—			24,407		—			24,407
Loss on debt extinguishment	—			4,947		—			4,947
Foreign currency adjustments	18,529			—		—			18,529
Other, net	(647		)	205		—			(442		)
Change in current assets and current liabilities:
Accounts receivable	(286,024		)	—		251,237			(34,787		)
Finance receivables—accrued interest and other	—			699		—			699
Inventories	69,475			—		—			69,475
Accounts payable and accrued liabilities	63,605			258,353		(251,237		)	70,721
Restructuring reserves	(22,790		)	—		—			(22,790		)
Derivative instruments	(1,529		)	(28	)	—			(1,557		)
Other	65,613			(2,028	)	—			63,585
Total adjustments	(149,081		)	336,183		(293,293		)	(106,191		)
Net cash provided by (used by) operating activities	441,978			425,992		(478,293		)	389,677

	Six months ended June 30, 2013
	Motorcycles &  Related Products Operations			Financial Services  Operations			Eliminations & Adjustments			Consolidated
Cash flows from investing activities:
Capital expenditures	(64,282		)	(2,307		)	—			(66,589		)
Origination of finance receivables	—			(4,019,925		)	2,366,693			(1,653,232		)
Collections of finance receivables	—			3,496,088			(2,073,400		)	1,422,688
Purchases of marketable securities	(4,998		)	—			—			(4,998		)
Sales and redemptions of marketable securities	6,003			—			—			6,003
Other	6,667			—			—			6,667
Net cash (used by) provided by investing activities	(56,610		)	(526,144		)	293,293			(289,461		)
Cash flows from financing activities:
Repayments of medium-term notes	—			(27,858		)	—			(27,858		)
Loan to HDFS	100,000			(100,000		)	—			—
Proceeds from securitization of debt	—			647,516			—			647,516
Repayments of securitization debt	—			(423,455		)	—			(423,455		)
Net decrease in credit facilities and unsecured commercial paper	—			230,761			—			230,761
Borrowings of asset-backed commercial paper	—			47,061			—			47,061
Repayments of asset-backed commercial paper	—			(37,642		)	—			(37,642		)
Net change in restricted cash	—			(23,996		)	—			(23,996		)
Dividends paid	(94,213		)	(185,000		)	185,000			(94,213		)
Purchase of common stock for treasury	(208,699		)	—			—			(208,699		)
Excess tax benefits from share based payments	16,338			—			—			16,338
Issuance of common stock under employee stock option plans	24,677			—			—			24,677
Net cash used by financing activities	(161,897		)	127,387			185,000			150,490
Effect of exchange rate changes on cash and cash equivalents	(16,092		)	(2,062		)	—			(18,154		)
Net (decrease) increase in cash and cash equivalents	$	207,379		$	25,173		$	—		$	232,552
Cash and cash equivalents:
Cash and cash equivalents—beginning of period	$	727,716		$	340,422		$	—		$	1,068,138
Net (decrease) increase in cash and cash equivalents	207,379			25,173			—			232,552
Cash and cash equivalents—end of period	$	935,095		$	365,595		$	—		$	1,300,690

	Six months ended July 1, 2012
	Motorcycles &  Related Products Operations			Financial Services  Operations			Eliminations & Adjustments			Consolidated
Cash flows from operating activities:
Net income	$	552,258		$	92,027		$	(225,000	)	$	419,285
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	82,954			3,043			—			85,997
Amortization of deferred loan origination costs	—			38,075			—			38,075
Amortization of financing origination fees	237			4,784			—			5,021
Provision for employee long-term benefits	33,236			1,027			—			34,263
Contributions to pension and postretirement plans	(213,648		)	—			—			(213,648		)
Stock compensation expense	20,539			1,580			—			22,119
Net change in wholesale finance receivables	—			—			(124,919		)	(124,919		)
Provision for credit losses	—			3,754			—			3,754
Foreign currency adjustments	8,143			—			—			8,143
Other, net	1,275			4,292			—			5,567
Change in current assets and current liabilities:
Accounts receivable	(295,930		)	—			260,953			(34,977		)
Finance receivables—accrued interest and other	—			2,912			—			2,912
Inventories	89,162			—			—			89,162
Accounts payable and accrued liabilities	(22,227		)	270,894			(260,953		)	(12,286		)
Restructuring reserves	(9,915		)	—			—			(9,915		)
Derivative instruments	(1,293		)	(127		)	—			(1,420		)
Other	(25,286		)	(3,605		)	—			(28,891		)
Total adjustments	(332,753		)	326,629			(124,919		)	(131,043		)
Net cash provided by (used by) operating activities	219,505			418,656			(349,919		)	288,242
Cash flows from investing activities:
Capital expenditures	(57,504		)	(2,574		)	—			(60,078		)
Origination of finance receivables	—			(3,766,621		)	2,183,049			(1,583,572		)
Collections of finance receivables	—			3,493,920			(2,058,130		)	1,435,790
Purchases of marketable securities	(4,993		)	—			—			(4,993		)
Sales and redemptions of marketable securities	23,046			—			—			23,046
Net cash (used by) provided by investing activities	(39,451		)	(275,275		)	124,919			(189,807		)
Cash flows from financing activities of continuing operations:
Proceeds from issuance of medium-term notes	—			397,373			—			397,373
Loan to HDFS	(200,000		)	200,000			—			—
Proceeds from securitization debt	—			91,030			—			91,030
Repayments of securitization debt	—			(839,401		)	—			(839,401		)
Net decrease in credit facilities and unsecured commercial paper	—			(46,629		)	—			(46,629		)
Net change in restricted cash	—			41,091			—			41,091
Dividends paid	(71,645		)	(225,000		)	225,000			(71,645		)
Purchase of common stock for treasury	(172,742		)	—			—			(172,742		)
Excess tax benefits from share based payments	15,730			—			—			15,730
Issuance of common stock under employee stock option plans	35,337			—			—			35,337
Net cash (used by) provided by financing activities	(393,320		)	(381,536		)	225,000			(549,856		)
Effect of exchange rate changes on cash and cash equivalents	(4,155		)	122			—			(4,033		)
Net (decrease) increase in cash and cash equivalents	$	(217,421	)	$	(238,033	)	$	—		$	(455,454	)
Cash and cash equivalents:
Cash and cash equivalents—beginning of period	$	943,330		$	583,620		$	—		$	1,526,950
Net (decrease) increase in cash and cash equivalents	(217,421		)	(238,033		)	—			(455,454		)
Cash and cash equivalents—end of period	$	725,909		$	345,587		$	—		$	1,071,496