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Supplemental Consolidating Data
 9 Months Ended
Sep. 25, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Consolidating Data Supplemental Consolidating DataThe supplemental consolidating legal entity data for Harley-Davidson Motor Company, Harley-Davidson Financial Services and related consolidating adjustments are presented for informational purposes. The legal entity income statement information presented below differs from reportable segment income statement information due to the allocation of legal entity consolidating adjustments to income for reportable segments. Supplemental consolidating data is as follows (in thousands):
 Three months ended September 25, 2022
Harley-Davidson Motor CompanyHarley-Davidson Financial ServicesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and Related Products$1,439,894 $— $(2,932)$1,436,962 
Financial Services— 212,100 (487)211,613 
1,439,894 212,100 (3,419)1,648,575 
Costs and expenses:
Motorcycles and Related Products cost of goods sold946,656 — — 946,656 
Financial Services interest expense— 60,740 — 60,740 
Financial Services provision for credit losses— 36,617 — 36,617 
Selling, administrative and engineering expense233,151 36,231 (3,541)265,841 
Restructuring expense3 — — 3 
1,179,810 133,588 (3,541)1,309,857 
Operating income260,084 78,512 122 338,718 
Other income, net 9,358 — — 9,358 
Investment income201,723 — (200,000)1,723 
Interest expense8,124 — — 8,124 
Income before income taxes463,041 78,512 (199,878)341,675 
Provision for income taxes61,390 19,099 — 80,489 
Net income$401,651 $59,413 $(199,878)$261,186 
 Nine months ended September 25, 2022
Harley-Davidson Motor CompanyHarley-Davidson Financial ServicesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and Related Products$4,015,779 $— $(9,175)$4,006,604 
Financial Services— 607,876 (1,632)606,244 
4,015,779 607,876 (10,807)4,612,848 
Costs and expenses:
Motorcycles and Related Products cost of goods sold2,721,913 — — 2,721,913 
Financial Services interest expense— 150,488 — 150,488 
Financial Services provision for credit losses— 94,572 — 94,572 
Selling, administrative and engineering expense634,506 117,117 (10,924)740,699 
Restructuring benefit(389)— — (389)
3,356,030 362,177 (10,924)3,707,283 
Operating income659,749 245,699 117 905,565 
Other income, net 30,443 — — 30,443 
Investment (income) loss196,214 — (200,000)(3,786)
Interest expense23,555 — — 23,555 
Income before income taxes862,851 245,699 (199,883)908,667 
Provision for income taxes150,231 58,899 — 209,130 
Net income$712,620 $186,800 $(199,883)$699,537 
Three months ended September 26, 2021
Harley-Davidson Motor CompanyHarley-Davidson Financial ServicesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and Related Products$1,167,432 $— $(6,814)$1,160,618 
Financial Services— 202,080 2,612 204,692 
1,167,432 202,080 (4,202)1,365,310 
Costs and expenses:
Motorcycles and Related Products cost of goods sold850,193 — — 850,193 
Financial Services interest expense— 44,770 — 44,770 
Financial Services provision for credit losses— 11,208 — 11,208 
Selling, administrative and engineering expense216,030 42,686 (4,404)254,312 
Restructuring expense517 98 — 615 
1,066,740 98,762 (4,404)1,161,098 
Operating income100,692 103,318 202 204,212 
Other income, net858 — — 858 
Investment income120,198 — (120,000)198 
Interest expense7,779 — — 7,779 
Income before income taxes213,969 103,318 (119,798)197,489 
Provision for income taxes7,408 27,108 — 34,516 
Net income$206,561 $76,210 $(119,798)$162,973 
Nine months ended September 26, 2021
Harley-Davidson Motor CompanyHarley-Davidson Financial ServicesConsolidating AdjustmentsConsolidated
Revenue:
Motorcycles and Related Products$3,742,869 $— $(18,644)$3,724,225 
Financial Services— 590,468 5,182 595,650 
3,742,869 590,468 (13,462)4,319,875 
Costs and expenses:
Motorcycles and Related Products cost of goods sold2,586,264 — — 2,586,264 
Financial Services interest expense— 149,098 — 149,098 
Financial Services provision for credit losses— 4,935 — 4,935 
Selling, administrative and engineering expense635,902 125,053 (13,290)747,665 
Restructuring expense731 436 — 1,167 
3,222,897 279,522 (13,290)3,489,129 
Operating income519,972 310,946 (172)830,746 
Other income, net1,825 — — 1,825 
Investment income244,331 — (240,000)4,331 
Interest expense23,209 — — 23,209 
Income before income taxes742,919 310,946 (240,172)813,693 
Provision for income taxes112,974 72,262 — 185,236 
Net income$629,945 $238,684 $(240,172)$628,457 
 September 25, 2022
 Harley-Davidson Motor CompanyHarley-Davidson Financial ServicesConsolidating AdjustmentsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$926,389 $803,861 $— $1,730,250 
Accounts receivable, net695,899 — (395,445)300,454 
Finance receivables, net— 1,807,718 — 1,807,718 
Inventories, net680,762 — — 680,762 
Restricted cash100,000 187,264 — 287,264 
Other current assets167,999 54,251 (16,516)205,734 
2,571,049 2,853,094 (411,961)5,012,182 
Finance receivables, net— 5,534,730 — 5,534,730 
Property, plant and equipment, net616,382 25,269 — 641,651 
Pension and postretirement assets424,784 — — 424,784 
Goodwill60,440 — — 60,440 
Deferred income taxes15,806 79,162 (25,234)69,734 
Lease assets34,230 6,313 — 40,543 
Other long-term assets206,409 43,368 (106,230)143,547 
$3,929,100 $8,541,936 $(543,425)$11,927,611 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable$414,448 $419,531 $(395,445)$438,534 
Accrued liabilities532,808 193,328 (15,592)710,544 
Short-term deposits, net— 97,856 — 97,856 
Short-term debt— 692,551 — 692,551 
Current portion of long-term debt, net— 1,740,422 — 1,740,422 
947,256 3,143,688 (411,037)3,679,907 
Long-term deposits, net— 246,879 — 246,879 
Long-term debt, net745,192 3,993,042 — 4,738,234 
Lease liabilities17,524 6,312 — 23,836 
Pension and postretirement liabilities92,953 — — 92,953 
Deferred income taxes32,199 582 (24,469)8,312 
Other long-term liabilities157,112 138,027 2,141 297,280 
Commitments and contingencies (Note 16)
Shareholders’ equity1,936,864 1,013,406 (110,060)2,840,210 
$3,929,100 $8,541,936 $(543,425)$11,927,611 
 September 26, 2021
 Harley-Davidson Motor CompanyHarley-Davidson Financial ServicesConsolidating AdjustmentsConsolidated
ASSETS
Current assets:
Cash and cash equivalents$1,115,014 $946,289 $— $2,061,303 
Accounts receivable, net590,806 — (308,179)282,627 
Finance receivables, net— 1,540,822 — 1,540,822 
Inventories, net475,314 — — 475,314 
Restricted cash— 153,873 — 153,873 
Other current assets114,221 94,868 (14,608)194,481 
2,295,355 2,735,852 (322,787)4,708,420 
Finance receivables, net— 5,322,436 — 5,322,436 
Property, plant and equipment, net642,253 29,583 — 671,836 
Pension and postretirement assets132,958 — — 132,958 
Goodwill63,841 — — 63,841 
Deferred income taxes43,097 86,011 (1,049)128,059 
Lease assets40,163 7,344 — 47,507 
Other long-term assets191,126 37,370 (103,749)124,747 
$3,408,793 $8,218,596 $(427,585)$11,199,804 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable$361,057 $329,338 $(308,179)$382,216 
Accrued liabilities489,988 123,642 (13,778)599,852 
Short-term deposits, net— 92,626 — 92,626 
Short-term debt— 749,620 — 749,620 
Current portion of long-term debt, net— 1,605,798 — 1,605,798 
851,045 2,901,024 (321,957)3,430,112 
Long-term deposits, net— 197,644 — 197,644 
Long-term debt, net744,494 4,131,798 — 4,876,292 
Lease liabilities19,457 6,560 — 26,017 
Pension and postretirement liabilities103,144 — — 103,144 
Deferred income taxes7,166 1,419 — 8,585 
Other long-term liabilities173,178 48,586 2,352 224,116 
Commitments and contingencies (Note 16)
Shareholders’ equity1,510,309 931,565 (107,980)2,333,894 
$3,408,793 $8,218,596 $(427,585)$11,199,804 
 Nine months ended September 25, 2022
Harley-Davidson Motor CompanyHarley-Davidson Financial ServicesConsolidating AdjustmentsConsolidated
Cash flows from operating activities:
Net income$712,620 $186,800 $(199,883)$699,537 
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization108,485 6,382 — 114,867 
Amortization of deferred loan origination costs— 72,214 — 72,214 
Amortization of financing origination fees524 10,951 — 11,475 
Provision for long-term employee benefits(14,637)— — (14,637)
Employee benefit plan contributions and payments(4,766)— — (4,766)
Stock compensation expense31,418 2,177 — 33,595 
Net change in wholesale finance receivables related to sales— — (294,698)(294,698)
Provision for credit losses— 94,572 — 94,572 
Deferred income taxes1,981 (4,681)(280)(2,980)
Other, net20,190 4,318 (116)24,392 
Changes in current assets and liabilities:
Accounts receivable, net(443,645)— 292,919 (150,726)
Finance receivables – accrued interest and other
— 3,566 — 3,566 
Inventories, net(6,577)— — (6,577)
Accounts payable and accrued liabilities22,075 321,594 (305,924)37,745 
Other current assets(58,774)2,615 13,284 (42,875)
(343,726)513,708 (294,815)(124,833)
Net cash provided by operating activities 368,894 700,508 (494,698)574,704 
Cash flows from investing activities:
Capital expenditures(82,153)(2,794)— (84,947)
Origination of finance receivables— (6,642,296)2,868,466 (3,773,830)
Collections on finance receivables— 5,684,649 (2,573,768)3,110,881 
Other investing activities2,160 — — 2,160 
Net cash used by investing activities(79,993)(960,441)294,698 (745,736)
 Nine months ended September 25, 2022
Harley-Davidson Motor CompanyHarley-Davidson Financial ServicesConsolidating AdjustmentsConsolidated
Cash flows from financing activities:
Proceeds from issuance of medium-term notes— 495,785 — 495,785 
Repayments of medium-term notes— (950,000)— (950,000)
Proceeds from securitization debt— 1,826,891 — 1,826,891 
Repayments of securitization debt— (1,054,939)— (1,054,939)
Borrowings of asset-backed commercial paper— 448,255 — 448,255 
Repayments of asset-backed commercial paper— (228,431)— (228,431)
Net decrease in unsecured commercial paper— (60,281)— (60,281)
Net increase in deposits— 54,080 — 54,080 
Deposit in advance of business combination100,000 — — 100,000 
Dividends paid(70,163)(200,000)200,000 (70,163)
Repurchase of common stock(338,496)— — (338,496)
Other financing activities(1,237)— — (1,237)
Net cash (used) provided by financing activities(309,896)331,360 200,000 221,464 
Effect of exchange rate changes on cash, cash equivalents and restricted cash(30,821)(2,540)— (33,361)
Net (decrease) increase in cash, cash equivalents and restricted cash$(51,816)$68,887 $— $17,071 
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period$1,078,205 $947,014 $— $2,025,219 
Net (decrease) increase in cash, cash equivalents and restricted cash(51,816)68,887 — 17,071 
Cash, cash equivalents and restricted cash, end of period$1,026,389 $1,015,901 $— $2,042,290 
 Nine months ended September 26, 2021
Harley-Davidson Motor CompanyHarley-Davidson Financial ServicesConsolidating AdjustmentsConsolidated
Cash flows from operating activities:
Net income$629,945 $238,684 $(240,172)$628,457 
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization115,779 6,704 — 122,483 
Amortization of deferred loan origination costs— 63,265 — 63,265 
Amortization of financing origination fees517 9,909 — 10,426 
Provision for long-term employee benefits19,640 — — 19,640 
Employee benefit plan contributions and payments(14,677)— — (14,677)
Stock compensation expense31,089 2,943 — 34,032 
Net change in wholesale finance receivables related to sales— — (22,031)(22,031)
Provision for credit losses— 4,935 — 4,935 
Deferred income taxes4,710 6,028 (112)10,626 
Other, net3,320 (1,397)171 2,094 
Changes in current assets and liabilities:
Accounts receivable, net(379,821)— 231,151 (148,670)
Finance receivables – accrued interest and other
— 11,088 — 11,088 
Inventories, net31,874 — — 31,874 
Accounts payable and accrued liabilities162,088 247,740 (241,522)168,306 
Other current assets(11,127)3,952 10,878 3,703 
(36,608)355,167 (21,465)297,094 
Net cash provided by operating activities 593,337 593,851 (261,637)925,551 
Cash flows from investing activities:
Capital expenditures(59,128)(2,348)— (61,476)
Origination of finance receivables— (6,157,658)2,712,705 (3,444,953)
Collections on finance receivables— 5,659,465 (2,691,068)2,968,397 
Other investing activities2,485 — — 2,485 
Net cash used by investing activities(56,643)(500,541)21,637 (535,547)
 Nine months ended September 26, 2021
Harley-Davidson Motor CompanyHarley-Davidson Financial ServicesConsolidating AdjustmentsConsolidated
Cash flows from financing activities:
Repayments of medium-term notes— (1,400,000)— (1,400,000)
Proceeds from securitization debt— 1,169,910 — 1,169,910 
Repayments of securitization debt— (1,013,820)— (1,013,820)
Borrowings of asset-backed commercial paper— 27,406 — 27,406 
Repayments of asset-backed commercial paper— (206,671)— (206,671)
Net decrease in unsecured commercial paper— (261,978)— (261,978)
Net increase in deposits— 210,144 — 210,144 
Dividends paid(69,316)(240,000)240,000 (69,316)
Repurchase of common stock(11,545)— — (11,545)
Other financing activities4,324 — — 4,324 
Net cash used by financing activities(76,537)(1,715,009)240,000 (1,551,546)
Effect of exchange rate changes on cash, cash equivalents and restricted cash(11,304)254 — (11,050)
Net increase (decrease) in cash, cash equivalents and restricted cash$448,853 $(1,621,445)$— $(1,172,592)
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 cash448,853 (1,621,445)— (1,172,592)
Cash, cash equivalents and restricted cash, end of period$1,115,014 $1,121,562 $— $2,236,576