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Derivative Financial Instruments and Hedging Activities (Tables)
 3 Months Ended
Mar. 31, 2023
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
 March 31, 2023December 31, 2022March 27, 2022
Notional
Value
Assets(a)
Liabilities(b)
Notional
Value
Assets(a)
Liabilities(b)
Notional
Value
Assets(a)
Liabilities(b)
Foreign currency contracts$530,175 $3,134 $12,659 $550,160 $6,054 $13,440 $585,451 $18,832 $3,576 
Commodity contracts906 — 339 1,361 — 410 964 316 — 
Cross-currency swaps2,127,240 — 34,685 1,367,460 — 36,101 1,367,460 18,835 — 
Swap rate lock contracts324,843 — 1,780 — — — — — — 
$2,983,164 $3,134 $49,463 $1,918,981 $6,054 $49,951 $1,953,875 $37,983 $3,576 
Derivative Financial Instruments
Not Designated as Hedging Instruments
March 31, 2023December 31, 2022March 27, 2022
Notional
Value
Assets(a)
Liabilities(b)
Notional
Value
Assets(a)
Liabilities(b)
Notional
Value
Assets(a)
Liabilities(b)
Foreign currency contracts$— $— $— $— $— $— $230,336 $587 $722 
Commodity contracts11,229 99 755 10,803 310 310 11,866 2,435 — 
Interest rate caps938,768 1,414 — 1,058,827 2,373 — 412,478 2,060 — 
$949,997 $1,513 $755 $1,069,630 $2,683 $310 $654,680 $5,082 $722 
(a)Includes $1.4 million and $2.4 million of interest rate caps recorded in Other long-term assets as of March 31, 2023 and December 31, 2022, respectively, with all remaining amounts recorded in Other current assets. (b)Includes $27.9 million and $24.2 million of cross-currency swaps recorded in Other long-term liabilities as of March 31, 2023 and December 31, 2022, respectively, with all remaining amounts recorded in Accrued liabilities.
Schedule of Gain/(Loss) on Derivative Cash Flow Hedges Reclassified From AOCI Into Income
The amounts of gains and losses related to the Company's derivative financial instruments designated as cash flow hedges were as follows (in thousands):
 Gain/(Loss)
Recognized in OCI		Gain/(Loss)
Reclassified from AOCL into Income
 Three months endedThree months ended
March 31,
2023		March 27,
2022		March 31,
2023		March 27,
2022
Foreign currency contracts$(1,706)$8,444 $6,290 $5,655 
Commodity contracts(309)562 (379)226 
Cross-currency swaps1,416 (16,236)21,625 (25,800)
Treasury rate lock contracts1,139 — (66)(127)
Swap rate lock contracts(1,780)— (5)— 
$(1,240)$(7,230)$27,465 $(20,046)
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 and related products
cost of goods sold		Selling, administrative &
engineering expense		Interest expenseFinancial services interest expense
Three months ended March 31, 2023
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded$1,007,301 $285,863 $7,720 $73,549 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts$6,290 $— $— $— 
Commodity contracts$(379)$— $— $— 
Cross-currency swaps$— $21,625 $— $— 
Treasury rate lock contracts$— $— $(91)$25 
Swap rate lock contracts$— $— $— $(5)
Three months ended March 27, 2022
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded$895,536 $239,625 $7,711 $42,099 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts$5,655 $— $— $— 
Commodity contracts$226 $— $— $— 
Cross-currency swaps$— $(25,800)$— $— 
Treasury rate lock contracts$— $— $(91)$(36)
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 and related products 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 ended
March 31,
2023		March 27,
2022
Foreign currency contracts$(627)$(3,506)
Commodity contracts(99)2,387 
Interest rate caps(958)1,700 
$(1,684)$581