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Supplemental Consolidating Data (Tables)
6 Months Ended
Jun. 27, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Operations
 Three months ended June 27, 2021
HDMC EntitiesHDFS EntitiesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and Related Products$1,336,970 $— $(5,470)$1,331,500 
Financial Services— 199,637 921 200,558 
1,336,970 199,637 (4,549)1,532,058 
Costs and expenses:
Motorcycles and Related Products cost of goods sold924,449 — — 924,449 
Financial Services interest expense— 48,621 — 48,621 
Financial Services provision for credit losses— 16,201 — 16,201 
Selling, administrative and engineering expense223,512 42,091 (4,094)261,509 
Restructuring expense807 111 — 918 
1,148,768 107,024 (4,094)1,251,698 
Operating income188,202 92,613 (455)280,360 
Other income, net 690 — — 690 
Investment income122,731 — (120,000)2,731 
Interest expense7,722 — — 7,722 
Income before income taxes303,901 92,613 (120,455)276,059 
Provision for income taxes49,570 20,149 — 69,719 
Net income$254,331 $72,464 $(120,455)$206,340 
 Six months ended June 27, 2021
HDMC EntitiesHDFS EntitiesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and Related Products$2,575,437 $— $(11,830)$2,563,607 
Financial Services— 388,387 2,571 390,958 
2,575,437 388,387 (9,259)2,954,565 
Costs and expenses:
Motorcycles and Related Products cost of goods sold1,736,071 — — 1,736,071 
Financial Services interest expense— 104,328 — 104,328 
Financial Services provision for credit losses— (6,273)— (6,273)
Selling, administrative and engineering expense419,872 82,366 (8,885)493,353 
Restructuring expense214 338 — 552 
2,156,157 180,759 (8,885)2,328,031 
Operating income419,280 207,628 (374)626,534 
Other income, net 967 — — 967 
Investment income124,133 — (120,000)4,133 
Interest expense15,430 — 15,430 
Income before income taxes528,950 207,628 (120,374)616,204 
Provision for income taxes105,566 45,154 — 150,720 
Net income$423,384 $162,474 $(120,374)$465,484 
Balance Sheet
 June 27, 2021
 HDMC EntitiesHDFS EntitiesConsolidating AdjustmentsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$923,505 $818,463 $— $1,741,968 
Accounts receivable, net643,505 — (380,052)263,453 
Finance receivables, net— 1,629,636 — 1,629,636 
Inventories, net457,648 — — 457,648 
Restricted cash— 152,411 — 152,411 
Other current assets91,735 132,753 — 224,488 
2,116,393 2,733,263 (380,052)4,469,604 
Finance receivables, net— 5,259,318 — 5,259,318 
Property, plant and equipment, net663,549 30,829 — 694,378 
Pension and postretirement assets120,542 — — 120,542 
Goodwill65,395 — — 65,395 
Deferred income taxes48,710 83,615 (791)131,534 
Lease assets33,433 7,777 — 41,210 
Other long-term assets188,535 35,427 (96,717)127,245 
$3,236,557 $8,150,229 $(477,560)$10,909,226 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable$394,792 $416,136 $(380,052)$430,876 
Accrued liabilities483,470 103,131 1,139 587,740 
Short-term deposits, net— 101,672 — 101,672 
Short-term debt— 749,037 — 749,037 
Current portion of long-term debt, net— 1,581,826 — 1,581,826 
878,262 2,951,802 (378,913)3,451,151 
Long-term deposits, net— 157,701 — 157,701 
Long-term debt, net744,321 4,000,703 — 4,745,024 
Lease liabilities14,626 7,082 — 21,708 
Pension and postretirement liabilities105,833 — — 105,833 
Deferred income taxes7,166 1,747 — 8,913 
Other long-term liabilities183,600 48,521 2,503 234,624 
Commitments and contingencies (Note 16)
Shareholders’ equity1,302,749 982,673 (101,150)2,184,272 
$3,236,557 $8,150,229 $(477,560)$10,909,226 
Cash Flows
 Six months ended June 27, 2021
HDMC EntitiesHDFS EntitiesConsolidating AdjustmentsConsolidated
Cash flows from operating activities:
Net income$423,384 $162,474 $(120,374)$465,484 
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization76,749 4,574 — 81,323 
Amortization of deferred loan origination costs— 40,089 — 40,089 
Amortization of financing origination fees344 6,880 — 7,224 
Provision for long-term employee benefits13,366 — — 13,366 
Employee benefit plan contributions and payments(11,055)— — (11,055)
Stock compensation expense21,550 1,790 — 23,340 
Net change in wholesale finance receivables related to sales— — (129,819)(129,819)
Provision for credit losses— (6,273)— (6,273)
Deferred income taxes6,505 6,597 (370)12,732 
Other, net(2,092)(347)374 (2,065)
Changes in current assets and liabilities:
Accounts receivable, net(427,762)— 303,024 (124,738)
Finance receivables accrued interest and other
— 9,691 — 9,691 
Inventories, net58,366 — — 58,366 
Accounts payable and accrued liabilities182,066 313,178 (298,638)196,606 
Other8,615 5,145 (3,731)10,029 
(73,348)381,324 (129,160)178,816 
Net cash provided by operating activities 350,036 543,798 (249,534)644,300 
Cash flows from investing activities:
Capital expenditures(36,104)(1,464)— (37,568)
Origination of finance receivables— (4,254,353)1,959,853 (2,294,500)
Collections on finance receivables— 3,774,683 (1,830,319)1,944,364 
Other investing activities2,425 — — 2,425 
Net cash used by investing activities(33,679)(481,134)129,534 (385,279)
 Six months ended June 27, 2021
HDMC EntitiesHDFS EntitiesConsolidating AdjustmentsConsolidated
Cash flows from financing activities:
Repayments of medium-term notes— (1,400,000)— (1,400,000)
Proceeds from securitization debt— 597,411 — 597,411 
Repayments of securitization debt— (664,685)— (664,685)
Repayments of asset-backed commercial paper— (143,256)— (143,256)
Net decrease in unsecured commercial paper— (262,452)— (262,452)
Net increase in credit facilities— 84 — 84 
Net increase in deposits— 179,329 — 179,329 
Dividends paid(46,209)(120,000)120,000 (46,209)
Repurchase of common stock(10,911)— — (10,911)
Issuance of common stock under share-based plans4,324 — — 4,324 
Net cash used by financing activities(52,796)(1,813,569)120,000 (1,746,365)
Effect of exchange rate changes on cash, cash equivalents and restricted cash(6,217)(661)— (6,878)
Net increase (decrease) in cash, cash equivalents and restricted cash$257,344 $(1,751,566)$— $(1,494,222)
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period$666,161 $2,743,007 $— $3,409,168 
Net increase (decrease) in cash, cash equivalents and restricted cash257,344 (1,751,566)— (1,494,222)
Cash, cash equivalents and restricted cash, end of period$923,505 $991,441 $— $1,914,946