Supplemental Consolidating Data (Tables)

12 Months Ended

Dec. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Operations

	Year Ended December 31, 2020
	HDMC Entities		HDFS Entities		Consolidating Adjustments		Consolidated
Revenue:
Motorcycles and Related Products	$	3,279,407	$	—	$	(15,353)	$	3,264,054
Financial Services	—		783,421		6,902		790,323
	3,279,407		783,421		(8,451)		4,054,377
Costs and expenses:
Motorcycles and Related Products cost of goods sold	2,435,745		—		—		2,435,745
Financial Services interest expense	—		246,447		—		246,447
Financial Services provision for credit losses	—		181,870		—		181,870
Selling, administrative and engineering expense	907,257		152,258		(8,888)		1,050,627
Restructuring expense	119,110		10,899		—		130,009
	3,462,112		591,474		(8,888)		4,044,698
Operating (loss) income	(182,705)		191,947		437		9,679
Other expense, net	(1,848)		—		—		(1,848)
Investment income	107,560		—		(100,000)		7,560
Interest expense	31,121		—		—		31,121
(Loss) income before income taxes	(108,114)		191,947		(99,563)		(15,730)
Income tax (benefit) provision	(59,231)		42,203		—		(17,028)
Net (loss) income	$	(48,883)	$	149,744	$	(99,563)	$	1,298

Balance Sheet

	December 31, 2020
	HDMC Entities		HDFS Entities		Consolidating Adjustments		Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	666,161	$	2,591,042	$	—	$	3,257,203
Accounts receivable, net	220,110		—		(77,028)		143,082
Finance receivables, net	—		1,509,539		—		1,509,539
Inventories, net	523,497		—		—		523,497
Restricted cash	—		131,642		—		131,642
Other current assets	93,510		190,690		(3,730)		280,470
	1,503,278		4,422,913		(80,758)		5,845,433
Finance receivables, net	—		4,933,469		—		4,933,469
Property, plant and equipment, net	709,845		33,939		—		743,784
Pension and postretirement assets	95,711		—		—		95,711
Goodwill	65,976		—		—		65,976
Deferred income taxes	69,688		90,011		(1,161)		158,538
Lease assets	40,564		4,639		—		45,203
Other long-term assets	184,300		33,115		(94,928)		122,487
	$	2,669,362	$	9,518,086	$	(176,847)	$	12,010,601
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	277,429	$	90,503	$	(77,028)	$	290,904
Accrued liabilities	444,786		115,506		(3,078)		557,214
Deposits	—		79,965		—		79,965
Short-term debt	—		1,014,274		—		1,014,274
Current portion of long-term debt, net	—		2,039,597		—		2,039,597
	722,215		3,339,845		(80,106)		3,981,954
Long-term debt, net	743,977		5,188,956		—		5,932,933
Lease liability	26,313		3,802		—		30,115
Pension and postretirement liabilities	114,206		—		—		114,206
Deferred income taxes	7,166		1,441		—		8,607
Other long-term liabilities	171,242		46,514		2,245		220,001
Commitments and contingencies (Note 16)
Shareholders’ equity	884,243		937,528		(98,986)		1,722,785
	$	2,669,362	$	9,518,086	$	(176,847)	$	12,010,601

Cash Flows

	Year Ended December 31, 2020
	HDMC Entities		HDFS Entities		Consolidating Adjustments		Consolidated
Cash flows from operating activities:
Net (loss) income	$	(48,883)	$	149,744	$	(99,563)	$	1,298
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	177,113		8,602		—		185,715
Amortization of deferred loan origination costs	—		71,142		—		71,142
Amortization of financing origination fees	681		13,754		—		14,435
Provision for long-term employee benefits	40,833		—		—		40,833
Employee benefit plan contributions and payments	(20,722)		—		—		(20,722)
Stock compensation expense	17,905		1,859		3,730		23,494
Net change in wholesale finance receivables related to sales	—		—		531,701		531,701
Provision for credit losses	—		181,870		—		181,870
Deferred income taxes	(19,097)		(24,697)		(285)		(44,079)
Other, net	544		13,718		(436)		13,826
Changes in current assets and liabilities:
Accounts receivable, net	161,012		—		(33,355)		127,657
Finance receivables - accrued interest and other	—		7,418		—		7,418
Inventories, net	80,858		—		—		80,858
Accounts payable and accrued liabilities	(34,755)		(40,851)		32,519		(43,087)
Derivative financial instruments	(3,566)		85		—		(3,481)
Other	13,929		(4,081)		(836)		9,012
	414,735		228,819		533,038		1,176,592
Net cash provided by operating activities	365,852		378,563		433,475		1,177,890
Cash flows from investing activities:
Capital expenditures	(128,798)		(2,252)		—		(131,050)
Origination of finance receivables	—		(5,616,347)		2,118,861		(3,497,486)
Collections on finance receivables	—		6,192,625		(2,652,336)		3,540,289
Other investing activities	18,073		3,391		—		21,464
Net cash (used) provided by investing activities	(110,725)		577,417		(533,475)		(66,783)

	Year Ended December 31, 2020
	HDMC Entities		HDFS Entities		Consolidating Adjustments		Consolidated
Cash flows from financing activities:
Proceeds from issuance of medium-term notes	—		1,396,602		—		1,396,602
Repayments of medium-term notes	—		(1,400,000)		—		(1,400,000)
Proceeds from securitization debt	—		2,064,450		—		2,064,450
Repayments of securitization debt	—		(1,041,751)		—		(1,041,751)
Borrowings of asset-backed commercial paper	—		225,187		—		225,187
Repayments of asset-backed commercial paper	—		(318,828)		—		(318,828)
Net increase in unsecured commercial paper	—		444,380		—		444,380
Deposits	—		79,947		—		79,947
Dividends paid	(68,087)		(100,000)		100,000		(68,087)
Repurchase of common stock	(8,006)		—		—		(8,006)
Issuance of common stock under share-based plans	89		—		—		89
Net cash (used) provided by financing activities	(76,004)		1,349,987		100,000		1,373,983
Effect of exchange rate changes on cash, cash equivalents and restricted cash	16,389		2,323		—		18,712
Net increase in cash, cash equivalents and restricted cash	$	195,512	$	2,308,290	$	—	$	2,503,802
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period	$	470,649	$	434,717	$	—	$	905,366
Net increase in cash, cash equivalents and restricted cash	195,512		2,308,290		—		2,503,802
Cash, cash equivalents and restricted cash, end of period	$	666,161	$	2,743,007	$	—	$	3,409,168