Supplemental Consolidating Data (Tables)

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Operations

The supplemental consolidating data for the periods noted is presented for informational purposes. The supplemental consolidating data may be different than segment information presented elsewhere due to the allocation of intercompany eliminations to reporting segments. All supplemental data is presented in thousands.

	Year Ended December 31, 2016
	HDMC Entities		HDFS Entities		Eliminations			Consolidated
Revenue:
Motorcycles and Related Products	$	5,281,355	$	—	$	(9,979	)	$	5,271,376
Financial Services	—		726,736		(1,654		)	725,082
Total revenue	5,281,355		726,736		(11,633		)	5,996,458
Costs and expenses:
Motorcycles and Related Products cost of goods sold	3,419,710		—		—			3,419,710
Financial Services interest expense	—		173,756		—			173,756
Financial Services provision for credit losses	—		136,617		—			136,617
Selling, administrative and engineering expense	1,080,020		149,157		(11,738		)	1,217,439
Total costs and expenses	4,499,730		459,530		(11,738		)	4,947,522
Operating income	781,625		267,206		105			1,048,936
Investment income	187,645		—		(183,000		)	4,645
Interest expense	29,670		—		—			29,670
Income before provision for income taxes	939,600		267,206		(182,895		)	1,023,911
Provision for income taxes	231,986		99,761		—			331,747
Net income	$	707,614	$	167,445	$	(182,895	)	$	692,164

	Year Ended December 31, 2015
	HDMC Entities		HDFS Entities		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
	HDMC Entities		HDFS Entities		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

Balance Sheet

	December 31, 2016
	HDMC Entities		HDFS Entities		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	425,540	$	334,444	$	—		$	759,984
Marketable securities	5,019		500		—			5,519
Accounts receivable, net	450,186		—		(165,080		)	285,106
Finance receivables, net	—		2,076,261		—			2,076,261
Inventories	499,917		—		—			499,917
Restricted cash	—		52,574		—			52,574
Other current assets	127,606		46,934		(49		)	174,491
Total current assets	1,508,268		2,510,713		(165,129		)	3,853,852
Finance receivables, net	—		4,759,197		—			4,759,197
Property, plant and equipment, net	942,634		38,959		—			981,593
Goodwill	53,391		—		—			53,391
Deferred income taxes	103,487		66,152		(1,910		)	167,729
Other long-term assets	132,835		24,769		(83,126		)	74,478
	$	2,740,615	$	7,399,790	$	(250,165	)	$	9,890,240
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	219,353	$	181,045	$	(165,080	)	$	235,318
Accrued liabilities	395,907		90,910		(165		)	486,652
Short-term debt	—		1,055,708		—			1,055,708
Current portion of long-term debt, net	—		1,084,884		—			1,084,884
Total current liabilities	615,260		2,412,547		(165,245		)	2,862,562
Long-term debt, net	741,306		3,925,669		—			4,666,975
Pension liability	84,442		—		—			84,442
Postretirement healthcare liability	173,267		—		—			173,267
Other long-term liabilities	150,391		29,697		2,748			182,836
Commitments and contingencies (Note 15)
Shareholders’ equity	975,949		1,031,877		(87,668		)	1,920,158
	$	2,740,615	$	7,399,790	$	(250,165	)	$	9,890,240

	December 31, 2015
	HDMC Entities		HDFS Entities		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		43,807		(2,079		)	132,552
Total current assets	1,569,484		2,553,872		(145,473		)	3,977,883
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	133,753		31,158		(80,602		)	84,309
	$	2,750,466	$	7,450,728	$	(228,217	)	$	9,972,977
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, net	—		838,349		—			838,349
Total current liabilities	607,187		2,287,735		(147,615		)	2,747,307
Long-term debt, net	740,653		4,091,816		—			4,832,469
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)
Shareholders’ equity	877,639		1,042,617		(80,602		)	1,839,654
	$	2,750,466	$	7,450,728	$	(228,217	)	$	9,972,977

Cash Flows

	Year Ended December 31, 2016
	HDMC Entities			HDFS Entities			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	707,614		$	167,445		$	(182,895	)	$	692,164
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles	202,122			7,433			—			209,555
Amortization of deferred loan origination costs	—			86,681			—			86,681
Amortization of financing origination fees	654			8,598			—			9,252
Provision for long-term employee benefits	38,273			—			—			38,273
Employee benefit plan contributions and payments	(55,809		)	—			—			(55,809		)
Stock compensation expense	29,811			2,525			—			32,336
Net change in wholesale finance receivables related to sales	—			—			(3,233		)	(3,233		)
Provision for credit losses	—			136,617			—			136,617
Gain on off-balance sheet asset-backed securitization	—			(9,269		)	—			(9,269		)
Loss on debt extinguishment	—			118			—			118
Deferred income taxes	7,772			(7,705		)	(232		)	(165		)
Other, net	(7,041		)	239			(105		)	(6,907		)
Changes in current assets and liabilities:
Accounts receivable, net	(67,621		)	—			21,687			(45,934		)
Finance receivables—accrued interest and other	—			(1,489		)	—			(1,489		)
Inventories	85,072			—			—			85,072
Accounts payable and accrued liabilities	26,005			25,027			(12,795		)	38,237
Derivative instruments	(3,413		)	—			—			(3,413		)
Other	(25,415		)	(2,332		)	—			(27,747		)
Total adjustments	230,410			246,443			5,322			482,175
Net cash provided by operating activities	938,024			413,888			(177,573		)	1,174,339
Cash flows from investing activities:
Capital expenditures	(245,316		)	(10,947		)	—			(256,263		)
Origination of finance receivables	—			(7,420,177		)	3,755,682			(3,664,495		)
Collections on finance receivables	—			6,936,140			(3,761,109		)	3,175,031
Proceeds from finance receivables sold	—			312,571			—			312,571
Sales and redemptions of marketable securities	40,014			—			—			40,014
Other	411			—			—			411
Net cash used by investing activities	(204,891		)	(182,413		)	(5,427		)	(392,731		)

	Year Ended December 31, 2016
	HDMC Entities			HDFS Entities			Eliminations		Consolidated
Cash flows from financing activities:
Proceeds from issuance of medium-term notes	—			1,193,396			—		1,193,396
Repayments of medium-term notes	—			(451,336		)	—		(451,336		)
Repayments of securitization debt	—			(665,400		)	—		(665,400		)
Borrowings of asset-backed commercial paper	—			62,396			—		62,396
Repayments of asset-backed commercial paper	—			(71,500		)	—		(71,500		)
Net decrease in credit facilities and unsecured commercial paper	—			(145,812		)	—		(145,812		)
Net change in restricted cash	—			43,495			—		43,495
Dividends paid	(252,321		)	(183,000		)	183,000		(252,321		)
Purchase of common stock for treasury	(465,341		)	—			—		(465,341		)
Excess tax benefits from share-based payments	2,251			—			—		2,251
Issuance of common stock under employee stock option plans	15,782			—			—		15,782
Net cash used by financing activities	(699,629		)	(217,761		)	183,000		(734,390		)
Effect of exchange rate changes on cash and cash equivalents	(8,407		)	(1,036		)	—		(9,443		)
Net increase in cash and cash equivalents	$	25,097		$	12,678		$	—	$	37,775
Cash and cash equivalents:
Cash and cash equivalents—beginning of period	$	400,443		$	321,766		$	—	$	722,209
Net increase in cash and cash equivalents	25,097			12,678			—		37,775
Cash and cash equivalents—end of period	$	425,540		$	334,444		$	—	$	759,984

	Year Ended December 31, 2015
	HDMC Entities			HDFS Entities			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	678,010		$	174,197		$	(100,000	)	$	752,207
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles	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
Employee benefit plan contributions and payments	(28,490		)	—			—			(28,490		)
Stock compensation expense	26,775			2,658			—			29,433
Net change in wholesale finance receivables related to sales	—			—			(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		)
Other, net	19,625			1,288			—			20,913
Changes in current assets and liabilities:
Accounts receivable, net	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		)
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 on 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
	HDMC Entities			HDFS Entities			Eliminations		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 paid	(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
	HDMC Entities			HDFS Entities			Eliminations			Consolidated
Cash flows from operating activities:
Net income	$	795,530		$	169,081		$	(120,000	)	$	844,611
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles	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
Employee benefit plan contributions and payments	(29,686		)	—			—			(29,686		)
Stock compensation expense	35,064			2,865			—			37,929
Net change in wholesale finance receivables related to sales	—			—			(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		)
Other, net	42,237			(21,764		)	—			20,473
Changes in current assets and liabilities:
Accounts receivable, net	(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
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 on 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
	HDMC Entities			HDFS Entities			Eliminations		Consolidated
Cash flows from financing activities:
Proceeds from issuance of medium-term notes	—			991,835			—		991,835
Repayments of medium-term notes	—			(526,431		)	—		(526,431		)
Repayments of senior unsecured notes	(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
Repayments of asset-backed commercial paper	—			(77,800		)	—		(77,800		)
Net increase in credit facilities and unsecured commercial paper	—			63,945			—		63,945
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	(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