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Derivative Financial Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 25, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instrument Fair Value The notional and fair values of the Company's derivative financial instruments under ASC Topic 815 were as follows (in thousands):
Derivative Financial Instruments
Designated as Cash Flow Hedging Instruments
 September 25, 2022December 31, 2021September 26, 2021
Notional
Value
Assets(a)
Liabilities(b)
Notional
Value
Assets(a)
Liabilities(b)
Notional
Value
Assets(a)
Liabilities(b)
Foreign currency contracts$459,252 $29,975 $331 $562,262 $14,644 $1,388 $406,220 $10,174 $502 
Commodity contracts1,724 169 — 996 19 39 1,000 458 — 
Cross-currency swaps1,367,460 — 149,479 1,367,460 35,071 — 1,367,460 47,989 — 
$1,828,436 $30,144 $149,810 $1,930,718 $49,734 $1,427 $1,774,680 $58,621 $502 
Derivative Financial Instruments
Not Designated as Hedging Instruments
September 25, 2022December 31, 2021September 26, 2021
Notional
Value
Assets(a)
Liabilities(b)
Notional
Value
Assets(a)
Liabilities(b)
Notional
Value
Assets(a)
Liabilities(b)
Foreign currency contracts$— $— $— $241,935 $1,299 $916 $135,381 $375 $162 
Commodity contracts8,197 27 919 10,631 641 18 9,920 739 30 
Interest rate caps1,183,178 3,857 — 504,526 360 — 608,222 112 — 
$1,191,375 $3,884 $919 $757,092 $2,300 $934 $753,523 $1,226 $192 
(a)Includes $3.9 million of interest rate caps recorded in Other long-term assets as of September 25, 2022 with all remaining amounts recorded in Other current assets. (b)Includes $82.7 million of cross-currency swaps recorded in Other long-term liabilities as of September 25, 2022 with all remaining amounts recorded in Accrued liabilities.
Schedule of Gain/(Loss) on Derivative Cash Flow Hedges Reclassified From AOCI Into Income
The amounts of gains and losses related to the Company's derivative financial instruments designated as cash flow hedges were as follows (in thousands):
 Gain/(Loss)
Recognized in OCI		Gain/(Loss)
Reclassified from AOCL into Income
 Three months endedNine months endedThree months endedNine months ended
September 25,
2022		September 26,
2021		September 25,
2022		September 26,
2021		September 25,
2022		September 26,
2021		September 25,
2022		September 26,
2021
Foreign currency contracts$26,657 $8,653 $54,429 $20,829 $15,202 $(3,504)$30,484 $(16,051)
Commodity contracts88 390 816 546 147 65 627 36 
Cross-currency swaps(94,912)(40,741)(184,551)(90,633)(95,111)(33,600)(201,377)(77,775)
Treasury rate lock contracts— — — — (90)(127)(335)(375)
Interest rate swaps— — — 397 — — — (2,689)
$(68,167)$(31,698)$(129,306)$(68,861)$(79,852)$(37,166)$(170,601)$(96,854)
The location and amount of gains and losses recognized in income related to the Company's derivative financial instruments designated as cash flow hedges were as follows (in thousands):
 Motorcycles
cost of goods sold		Selling, administrative &
engineering expense		Interest expenseFinancial Services interest expense
Three months ended September 25, 2022
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded$946,656 $265,841 $8,124 $60,740 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts$15,202 $— $— $— 
Commodity contracts$147 $— $— $— 
Cross-currency swaps$— $(95,111)$— $— 
Treasury rate lock contracts$— $— $(90)$— 
Three months ended September 26, 2021
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded$850,193 $254,312 $7,779 $44,770 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts$(3,504)$— $— $— 
Commodity contracts$65 $— $— $— 
Cross-currency swaps$— $(33,600)$— $— 
Treasury rate lock contracts$— $— $(91)$(36)
 Motorcycles
cost of goods sold		Selling, administrative &
engineering expense		Interest expenseFinancial Services interest expense
Nine months ended September 25, 2022
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded$2,721,913 $740,699 $23,555 $150,488 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts$30,484 $— $— $— 
Commodity contracts$627 $— $— $— 
Cross-currency swaps$— $(201,377)$— $— 
Treasury rate lock contracts$— $— $(272)$(63)
Nine months ended September 26, 2021
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded$2,586,264 $747,665 $23,209 $149,098 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts$(16,051)$— $— $— 
Commodity contracts$36 $— $— $— 
Cross-currency swaps$— $(77,775)$— $— 
Treasury rate lock contracts$— $— $(272)$(103)
Interest rate swaps$— $— $— $(2,689)
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The amount of gains and losses recognized in income related to derivative financial instruments not designated as hedging instruments were as follows (in thousands). Gains and losses on foreign currency contracts and commodity contracts were recorded in Motorcycles cost of goods sold. Gains and losses on interest rate caps were recorded in Selling, administrative & engineering expense.
 Amount of Gain/(Loss)
Recognized in Income
 Three months endedNine months ended
September 25,
2022		September 26,
2021		September 25,
2022		September 26,
2021
Foreign currency contracts$3,061 $2,152 $9,348 $(3,396)
Commodity contracts(760)102 472 1,528 
Interest rate caps1,997 (39)2,015 65 
$4,298 $2,215 $11,835 $(1,803)