Supplemental Consolidating Data (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Operations

All supplemental data is presented in thousands.

	Year Ended December 31, 2015
	Motorcycles & Related Products Operations		Financial Services Operations		Eliminations			Consolidated
Revenue:
Motorcycles and Related Products	$	5,318,850	$	—	$	(10,106	)	$	5,308,744
Financial Services	—		688,211		(1,553		)	686,658
Total revenue	5,318,850		688,211		(11,659		)	5,995,402
Costs and expenses:
Motorcycles and Related Products cost of goods sold	3,356,284		—		—			3,356,284
Financial Services interest expense	—		161,983		—			161,983
Financial Services provision for credit losses	—		101,345		—			101,345
Selling, administrative and engineering expense	1,078,525		153,229		(11,659		)	1,220,095
Total costs and expenses	4,434,809		416,557		(11,659		)	4,839,707
Operating income	884,041		271,654		—			1,155,695
Investment income	106,585		—		(100,000		)	6,585
Interest expense	12,117		—		—			12,117
Income before provision for income taxes	978,509		271,654		(100,000		)	1,150,163
Provision for income taxes	300,499		97,457		—			397,956
Net income	$	678,010	$	174,197	$	(100,000	)	$	752,207

	Year Ended December 31, 2014
	Motorcycles & Related Products Operations		Financial Services Operations		Eliminations			Consolidated
Revenue:
Motorcycles and Related Products	$	5,577,697	$	—	$	(10,016	)	$	5,567,681
Financial Services	—		662,345		(1,518		)	660,827
Total revenue	5,577,697		662,345		(11,534		)	6,228,508
Costs and expenses:
Motorcycles and Related Products cost of goods sold	3,542,601		—		—			3,542,601
Financial Services interest expense	—		164,476		—			164,476
Financial Services provision for credit losses	—		80,946		—			80,946
Selling, administrative and engineering expense	1,023,450		147,586		(11,534		)	1,159,502
Total costs and expenses	4,566,051		393,008		(11,534		)	4,947,525
Operating income	1,011,646		269,337		—			1,280,983
Investment income	126,499		—		(120,000		)	6,499
Interest expense	4,162		—		—			4,162
Income before provision for income taxes	1,133,983		269,337		(120,000		)	1,283,320
Provision for income taxes	338,453		100,256		—			438,709
Net income	$	795,530	$	169,081	$	(120,000	)	$	844,611

	Year Ended December 31, 2013
	Motorcycles & Related Products Operations		Financial Services Operations		Eliminations			Consolidated
Revenue:
Motorcycles and Related Products	$	5,268,480	$	—	$	(10,190	)	$	5,258,290
Financial Services	—		643,067		(1,485		)	641,582
Total revenue	5,268,480		643,067		(11,675		)	5,899,872
Costs and expenses:
Motorcycles and Related Products cost of goods sold	3,395,918		—		—			3,395,918
Financial Services interest expense	—		165,491		—			165,491
Financial Services provision for credit losses	—		60,008		—			60,008
Selling, administrative and engineering expense	993,247		143,181		(11,675		)	1,124,753
Total costs and expenses	4,389,165		368,680		(11,675		)	4,746,170
Operating income	879,315		274,387		—			1,153,702
Investment income	190,859		—		(185,000		)	5,859
Interest expense	45,256		—		—			45,256
Income before provision for income taxes	1,024,918		274,387		(185,000		)	1,114,305
Provision for income taxes	279,841		100,471		—			380,312
Net income	$	745,077	$	173,916	$	(185,000	)	$	733,993

Balance Sheet

	December 31, 2015
	Motorcycles & Related Products Operations		Financial Services Operations		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	400,443	$	321,766	$	—		$	722,209
Marketable securities	45,192		—		—			45,192
Accounts receivable, net	390,799		—		(143,394		)	247,405
Finance receivables, net	—		2,053,582		—			2,053,582
Inventories	585,907		—		—			585,907
Restricted cash	—		88,267		—			88,267
Deferred income taxes	56,319		46,450		—			102,769
Other current assets	90,824		49,078		(2,079		)	137,823
Total current assets	1,569,484		2,559,143		(145,473		)	3,983,154
Finance receivables, net	—		4,814,571		—			4,814,571
Property, plant and equipment, net	906,972		35,446		—			942,418
Goodwill	54,182		—		—			54,182
Deferred income taxes	86,075		15,681		(2,142		)	99,614
Other long-term assets	140,034		37,796		(80,602		)	97,228
	$	2,756,747	$	7,462,637	$	(228,217	)	$	9,991,167
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	220,050	$	158,958	$	(143,394	)	$	235,614
Accrued liabilities	387,137		89,048		(4,221		)	471,964
Short-term debt	—		1,201,380		—			1,201,380
Current portion of long-term debt	—		843,620		—			843,620
Total current liabilities	607,187		2,293,006		(147,615		)	2,752,578
Long-term debt	746,934		4,098,454		—			4,845,388
Pension liability	164,888		—		—			164,888
Postretirement healthcare liability	193,659		—		—			193,659
Other long-term liabilities	166,440		28,560		—			195,000
Commitments and contingencies (Note 15)
Total shareholders’ equity	877,639		1,042,617		(80,602		)	1,839,654
	$	2,756,747	$	7,462,637	$	(228,217	)	$	9,991,167

	December 31, 2014
	Motorcycles & Related Products Operations		Financial Services Operations		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	573,895	$	332,785	$	—		$	906,680
Marketable securities	57,325		—		—			57,325
Accounts receivable, net	658,735		—		(411,114		)	247,621
Finance receivables, net	—		1,916,635		—			1,916,635
Inventories	448,871		—		—			448,871
Restricted cash	—		98,627		—			98,627
Deferred income taxes	50,015		39,901		—			89,916
Other current assets	142,278		43,125		(2,983		)	182,420
Total current assets	1,931,119		2,431,073		(414,097		)	3,948,095
Finance receivables, net	—		4,516,246		—			4,516,246
Property, plant and equipment, net	848,661		34,416		—			883,077
Goodwill	27,752		—		—			27,752
Deferred income taxes	75,121		4,863		(2,149		)	77,835
Other long-term assets	113,727		39,309		(77,944		)	75,092
	$	2,996,380	$	7,025,907	$	(494,190	)	$	9,528,097
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	171,098	$	436,884	$	(411,114	)	$	196,868
Accrued liabilities	370,652		83,797		(5,132		)	449,317
Short-term debt	—		731,786		—			731,786
Current portion of long-term debt	—		1,011,315		—			1,011,315
Total current liabilities	541,750		2,263,782		(416,246		)	2,389,286
Long-term debt	—		3,761,528		—			3,761,528
Pension liability	76,186		—		—			76,186
Postretirement healthcare liability	203,006		—		—			203,006
Other long-term liabilities	164,060		24,745		—			188,805
Commitments and contingencies (Note 15)
Total shareholders’ equity	2,011,378		975,852		(77,944		)	2,909,286
	$	2,996,380	$	7,025,907	$	(494,190	)	$	9,528,097

Cash Flows

	Year Ended December 31, 2015
	Motorcycles & Related Products Operations			Financial Services Operations			Eliminations & Adjustments			Consolidated
Cash flows from operating activities:
Net income	$	678,010		$	174,197		$	(100,000	)	$	752,207
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	188,926			9,148			—			198,074
Amortization of deferred loan origination costs	—			93,546			—			93,546
Amortization of financing origination fees	267			9,708			—			9,975
Provision for long-term employee benefits	60,824			—			—			60,824
Contributions to pension and postretirement plans	(28,490		)	—			—			(28,490		)
Stock compensation expense	26,775			2,658			—			29,433
Net change in wholesale finance receivables	—			—			(113,970		)	(113,970		)
Provision for credit losses	—			101,345			—			101,345
Loss on debt extinguishment	—			1,099			—			1,099
Deferred income taxes	(4,792		)	(11,692		)	—			(16,484		)
Foreign currency adjustments	20,067			—			—			20,067
Other, net	(442		)	1,288			—			846
Change in current assets and current liabilities:
Accounts receivable	4,055			—			(17,720		)	(13,665		)
Finance receivables—accrued interest and other	—			(3,046		)	—			(3,046		)
Inventories	(155,222		)	—			—			(155,222		)
Accounts payable and accrued liabilities	81,929			18,539			38,355			138,823
Derivative instruments	(5,615		)	—			—			(5,615		)
Prepaid and other	33,658			(3,287		)	—			30,371
Total adjustments	221,940			219,306			(93,335		)	347,911
Net cash provided by operating activities	899,950			393,503			(193,335		)	1,100,118
Cash flows from investing activities:
Capital expenditures	(249,772		)	(10,202		)	—			(259,974		)
Origination of finance receivables	—			(7,836,279		)	4,084,449			(3,751,830		)
Collections of finance receivables	—			7,127,999			(3,991,114		)	3,136,885
Sales and redemptions of marketable securities	11,507			—			—			11,507
Acquisition of business	(59,910		)	—			—			(59,910		)
Other	7,474			—			—			7,474
Net cash used by investing activities	(290,701		)	(718,482		)	93,335			(915,848		)

	Year Ended December 31, 2015
	Motorcycles & Related Products Operations			Financial Services Operations			Eliminations & Adjustments		Consolidated
Cash flows from financing activities:
Proceeds from issuance of medium-term notes	—			595,386			—		595,386
Repayments of medium-term notes	—			(610,331		)	—		(610,331		)
Proceeds from issuance of senior unsecured notes	740,385			—			—		740,385
Intercompany borrowing activity	250,000			(250,000		)	—		—
Proceeds from securitization debt	—			1,195,668			—		1,195,668
Repayments of securitization debt	—			(1,008,135		)	—		(1,008,135		)
Borrowings of asset-backed commercial paper	—			87,442			—		87,442
Repayments of asset-backed commercial paper	—			(72,727		)	—		(72,727		)
Net increase in credit facilities and unsecured commercial paper	—			469,473			—		469,473
Net change in restricted cash	—			11,410			—		11,410
Dividends	(249,262		)	(100,000		)	100,000		(249,262		)
Purchase of common stock for treasury	(1,537,020		)	—			—		(1,537,020		)
Excess tax benefits from share-based payments	3,468			—			—		3,468
Issuance of common stock under employee stock option plans	20,179			—			—		20,179
Net cash (used by) provided by financing activities	(772,250		)	318,186			100,000		(354,064		)
Effect of exchange rate changes on cash and cash equivalents	(10,451		)	(4,226		)	—		(14,677		)
Net decrease in cash and cash equivalents	$	(173,452	)	$	(11,019	)	$	—	$	(184,471	)
Cash and cash equivalents:
Cash and cash equivalents—beginning of period	$	573,895		$	332,785		$	—	$	906,680
Net decrease in cash and cash equivalents	(173,452		)	(11,019		)	—		(184,471		)
Cash and cash equivalents—end of period	$	400,443		$	321,766		$	—	$	722,209

	Year Ended December 31, 2014
	Motorcycles & Related Products Operations			Financial Services Operations			Eliminations & Adjustments			Consolidated
Cash flows from operating activities:
Net income	$	795,530		$	169,081		$	(120,000	)	$	844,611
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	171,187			8,113			—			179,300
Amortization of deferred loan origination costs	—			94,429			—			94,429
Amortization of financing origination fees	59			8,383			—			8,442
Provision for long-term employee benefits	33,709			—			—			33,709
Contributions to pension and postretirement plans	(29,686		)	—			—			(29,686		)
Stock compensation expense	35,064			2,865			—			37,929
Net change in wholesale finance receivables	—			—			(75,210		)	(75,210		)
Provision for credit losses	—			80,946			—			80,946
Loss on debt extinguishment	—			3,942			—			3,942
Deferred income taxes	(191		)	(7,430		)	—			(7,621		)
Foreign currency adjustments	21,964			—			—			21,964
Other, net	20,273			(21,764		)	—			(1,491		)
Change in current assets and current liabilities:
Accounts receivable	(31,740		)	—			21,931			(9,809		)
Finance receivables – accrued interest and other	—			(2,515		)	—			(2,515		)
Inventories	(50,886		)	—			—			(50,886		)
Accounts payable and accrued liabilities	18,255			21,629			(18,575		)	21,309
Derivative instruments	703			—			—			703
Prepaid and other	(17,187		)	13,798			—			(3,389		)
Total adjustments	171,524			202,396			(71,854		)	302,066
Net cash provided by operating activities	967,054			371,477			(191,854		)	1,146,677
Cash flows from investing activities:
Capital expenditures	(224,262		)	(8,057		)	—			(232,319		)
Origination of finance receivables	—			(7,693,884		)	4,125,461			(3,568,423		)
Collections of finance receivables	—			7,066,852			(4,053,607		)	3,013,245
Sales and redemptions of marketable securities	41,010			—			—			41,010
Other	1,837			—			—			1,837
Net cash used by investing activities	(181,415		)	(635,089		)	71,854			(744,650		)

	Year Ended December 31, 2014
	Motorcycles & Related Products Operations			Financial Services Operations			Eliminations & Adjustments		Consolidated
Cash flows from financing activities:
Proceeds from issuance medium-term notes	—			991,835			—		991,835
Repayments of medium-term notes	—			(526,431		)	—		(526,431		)
Repayments of senior unsecured note	(303,000		)	—			—		(303,000		)
Intercompany borrowing activity	200,000			(200,000		)	—		—
Proceeds from securitization debt	—			847,126			—		847,126
Repayments of securitization debt	—			(834,856		)	—		(834,856		)
Borrowings of asset-backed commercial paper	—			84,907			—		84,907
Net increase in credit facilities and unsecured commercial paper	—			63,945			—		63,945
Repayments of asset-backed commercial paper	—			(77,800		)	—		(77,800		)
Net change in restricted cash	—			22,755			—		22,755
Dividends paid	(238,300		)	(120,000		)	120,000		(238,300		)
Purchase of common stock for treasury, net of issuances	(615,602		)	—			—		(615,602		)
Excess tax benefits from share based payments	11,540			—			—		11,540
Issuance of common stock under employee stock option plans	37,785			—			—		37,785
Net cash (used by) provided by financing activities	(907,577		)	251,481			120,000		(536,096		)
Effect of exchange rate changes on cash and cash equivalents	(23,079		)	(2,784		)	—		(25,863		)
Net decrease in cash and cash equivalents	$	(145,017	)	$	(14,915	)	$	—	$	(159,932	)
Cash and cash equivalents:
Cash and cash equivalents – beginning of period	$	718,912		$	347,700		$	—	$	1,066,612
Net decrease in cash and cash equivalents	(145,017		)	(14,915		)	—		(159,932		)
Cash and cash equivalents – end of period	$	573,895		$	332,785		$	—	$	906,680

	Year Ended December 31, 2013
	Motorcycles & Related Products Operations			Financial Services Operations			Eliminations & Adjustments			Consolidated
Cash flows from operating activities:
Net income	$	745,077		$	173,916		$	(185,000	)	$	733,993
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization	160,181			6,891			—			167,072
Amortization of deferred loan origination costs	—			86,181			—			86,181
Amortization of financing origination fees	473			8,903			—			9,376
Provision for long-term employee benefits	66,877			—			—			66,877
Contributions to pension and postretirement plans	(204,796		)	—			—			(204,796		)
Stock compensation expense	38,367			2,877			—			41,244
Net change in wholesale finance receivables	—			—			28,865			28,865
Provision for credit losses	—			60,008			—			60,008
Loss on debt extinguishment	—			4,947			—			4,947
Deferred income taxes	54,568			(1,988		)	—			52,580
Foreign currency adjustments	16,269			—			—			16,269
Other, net	10,942			(819		)	—			10,123
Change in current assets and current liabilities:
Accounts receivable	(24,273		)	—			(12,380		)	(36,653		)
Finance receivables – accrued interest and other	—			(346		)	—			(346		)
Inventories	(46,474		)	—			—			(46,474		)
Accounts payable and accrued liabilities	(85,949		)	(5,096		)	12,380			(78,665		)
Derivative instruments	(2,161		)	(28		)	—			(2,189		)
Prepaid and other	70,900			(2,219		)	—			68,681
Total adjustments	54,924			159,311			28,865			243,100
Net cash provided by operating activities	800,001			333,227			(156,135		)	977,093
Cash flows from investing activities:
Capital expenditures	(199,354		)	(8,967		)	—			(208,321		)
Origination of finance receivables	—			(7,140,533		)	3,896,528			(3,244,005		)
Collections of finance receivables	—			6,757,387			(3,925,393		)	2,831,994
Purchases of marketable securities	(4,998		)	—			—			(4,998		)
Sales and redemptions of marketable securities	40,108			—			—			40,108
Other	16,355			—			—			16,355
Net cash used by investing activities	(147,889		)	(392,113		)	(28,865		)	(568,867		)

	Year Ended December 31, 2013
	Motorcycles & Related Products Operations			Financial Services Operations			Eliminations & Adjustments		Consolidated
Cash flows from financing activities:
Repayment of medium-term notes	—			(27,858		)	—		(27,858		)
Intercompany borrowing activity	(50,000		)	50,000			—		—
Proceeds from securitization debt	—			647,516			—		647,516
Repayments of securitization debt	—			(840,387		)	—		(840,387		)
Borrowings of asset-backed commercial paper	—			88,456			—		88,456
Net increase in credit facilities and unsecured commercial paper	—			371,085			—		371,085
Repayments of asset-backed commercial paper	—			(78,765		)	—		(78,765		)
Net change in restricted cash	—			43,201			—		43,201
Dividends paid	(187,688		)	(185,000		)	185,000		(187,688		)
Purchase of common stock for treasury, net of issuances	(479,231		)	—			—		(479,231		)
Excess tax benefits from share based payments	19,895			—			—		19,895
Issuance of common stock under employee stock option plans	50,567			—			—		50,567
Net cash (used by) provided by financing activities	(646,457		)	68,248			185,000		(393,209		)
Effect of exchange rate changes on cash and cash equivalents	(14,459		)	(2,084		)	—		(16,543		)
Net (decrease) increase in cash and cash equivalents	$	(8,804	)	$	7,278		$	—	$	(1,526	)
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	(8,804		)	7,278			—		(1,526		)
Cash and cash equivalents – end of period	$	718,912		$	347,700		$	—	$	1,066,612