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Accumulated Other Comprehensive Loss
12 Months Ended
Dec. 31, 2016
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):  
 
 
2016
 
 
Foreign currency translation adjustments
 
Marketable securities
 
Derivative financial instruments
 
Pension and postretirement benefit plans
 
Total
Balance, beginning of period
 
$
(58,844
)
 
$
(1,094
)
 
$
5,886

 
$
(561,153
)
 
$
(615,205
)
Other comprehensive (loss) income before reclassifications
 
(7,591
)
 
(159
)
 
28,176

 
33,937

 
54,363

Income tax
 
(1,697
)
 
59

 
(10,436
)
 
(12,570
)
 
(24,644
)
Net other comprehensive (loss) income before reclassifications
 
(9,288
)
 
(100
)
 
17,740

 
21,367

 
29,719

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

 

 
(18,253
)
 

 
(18,253
)
Realized (gains) losses - commodities contracts(a)
 

 

 
258

 

 
258

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

 

 
362

 

 
362

Prior service credits(c)
 

 

 

 
(1,784
)
 
(1,784
)
Actuarial losses(c)
 

 

 

 
49,888

 
49,888

Curtailment and settlement losses(c)
 

 

 

 
1,463

 
1,463

Total before tax
 

 

 
(17,633
)
 
49,567

 
31,934

Income tax expense (benefit)
 

 

 
6,531

 
(18,360
)
 
(11,829
)
Net reclassifications
 

 

 
(11,102
)
 
31,207

 
20,105

Other comprehensive (loss) income
 
(9,288
)
 
(100
)
 
6,638

 
52,574

 
49,824

Balance, end of period
 
$
(68,132
)
 
$
(1,194
)
 
$
12,524

 
$
(508,579
)
 
$
(565,381
)

 
 
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(c)
 

 

 

 
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
)

(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.