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Accumulated Other Comprehensive Income
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Accumulated Other Comprehensive Loss
 Accumulated Other Comprehensive Loss
The following table sets forth the changes in accumulated other comprehensive loss (AOCL) for the years ended December 31 (in thousands):  
 
 
2015
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
(3,482
)
 
$
(700
)
 
$
19,042

 
$
(529,803
)
 
$
(514,943
)
Other comprehensive (loss) income before reclassifications
 
(48,309
)
 
(626
)
 
38,008

 
(106,059
)
 
(116,986
)
Income tax
 
(7,053
)
 
232

 
(14,079
)
 
39,284

 
18,384

Net other comprehensive (loss) income before reclassifications
 
(55,362
)
 
(394
)
 
23,929

 
(66,775
)
 
(98,602
)
Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - foreign currency contracts(a)
 

 

 
(59,730
)
 

 
(59,730
)
Realized (gains) losses - commodities contracts(a)
 

 

 
677

 

 
677

Realized (gains) losses - treasury rate lock(b)
 
 
 
 
 
151

 
 
 
151

Prior service credits(c)
 

 

 

 
(2,782
)
 
(2,782
)
Actuarial losses(c)
 

 

 

 
58,680

 
58,680

Curtailment and settlement losses
 

 

 

 
368

 
368

Total before tax
 

 

 
(58,902
)
 
56,266

 
(2,636
)
Income tax expense (benefit)
 

 

 
21,817

 
(20,841
)
 
976

Net reclassifications
 

 

 
(37,085
)
 
35,425

 
(1,660
)
Other comprehensive loss
 
(55,362
)
 
(394
)
 
(13,156
)
 
(31,350
)
 
(100,262
)
Balance, end of period
 
$
(58,844
)
 
$
(1,094
)
 
$
5,886

 
$
(561,153
)
 
$
(615,205
)

 
 
2014
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
33,326

 
$
(276
)
 
$
(1,680
)
 
$
(364,046
)
 
$
(332,676
)
Other comprehensive (loss) income before reclassifications
 
(50,310
)
 
(673
)
 
46,775

 
(301,832
)
 
(306,040
)
Income tax
 
13,502

 
249

 
(17,325
)
 
111,799

 
108,225

Net other comprehensive (loss) income before reclassifications
 
(36,808
)
 
(424
)
 
29,450

 
(190,033
)
 
(197,815
)
Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - foreign currency contracts(a)
 

 

 
(13,635
)
 

 
(13,635
)
Realized (gains) losses - commodities contracts(a)
 

 

 
(228
)
 

 
(228
)
Prior service credits(c)
 

 

 

 
(2,734
)
 
(2,734
)
Actuarial losses(c)
 

 

 

 
41,292

 
41,292

Total before tax
 

 

 
(13,863
)
 
38,558

 
24,695

Income tax expense (benefit)
 

 

 
5,135

 
(14,282
)
 
(9,147
)
Net reclassifications
 

 

 
(8,728
)
 
24,276

 
15,548

Other comprehensive (loss) income
 
(36,808
)
 
(424
)
 
20,722

 
(165,757
)
 
(182,267
)
Balance, end of period
 
$
(3,482
)
 
$
(700
)
 
$
19,042

 
$
(529,803
)
 
$
(514,943
)

 
 
2013
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
51,335

 
$
677

 
$
(3,837
)
 
$
(655,853
)
 
$
(607,678
)
Other comprehensive income (loss) before reclassifications
 
(20,192
)
 
(1,514
)
 
3,505

 
398,430

 
380,229

Income tax
 
2,183

 
561

 
(1,298
)
 
(147,578
)
 
(146,132
)
Net other comprehensive (loss) income before reclassifications
 
(18,009
)
 
(953
)
 
2,207

 
250,852

 
234,097

Reclassifications:
 
 
 
 
 
 
 
 
 
 
Realized (gains) losses - foreign currency contracts(a)
 

 

 
(482
)
 

 
(482
)
Realized (gains) losses - commodities contracts(a)
 

 

 
51

 

 
51

Realized (gains) losses - interest rate swaps(d)
 

 

 
345

 

 
345

Prior service credits(c)
 

 

 

 
(2,107
)
 
(2,107
)
Actuarial losses(c)
 

 

 

 
67,157

 
67,157

Total before tax
 

 

 
(86
)
 
65,050

 
64,964

Income tax expense (benefit)
 

 

 
36

 
(24,095
)
 
(24,059
)
Net reclassifications
 

 

 
(50
)
 
40,955

 
40,905

Other comprehensive (loss) income
 
(18,009
)
 
(953
)
 
2,157

 
291,807

 
275,002

Balance, end of period
 
$
33,326

 
$
(276
)
 
$
(1,680
)
 
$
(364,046
)
 
$
(332,676
)

(a)
Amounts reclassified to net income are included in motorcycles and related products cost of goods sold.
(b)
Amounts reclassified to net income are presented in interest expense.
(c)
Amounts reclassified are included in the computation of net periodic cost. See Note 13 for information related to pension and postretirement benefit plans.
(d)
Amounts reclassified to net income are presented in financial services interest expense.