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Derivative Financial Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 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, at December 31, were as follows (in thousands):
Derivative Financial Instruments
Designated as Cash Flow Hedging Instruments
 20232022
Notional
Value
Assets(a)
Liabilities(b)
Notional
Value
Assets(a)
Liabilities(b)
Foreign currency contracts$540,088 $3,529 $9,194 $550,160 $6,054 $13,440 
Commodity contracts642 — 134 1,361 — 410 
Cross-currency swaps1,420,560 15,080 3,160 1,367,460 — 36,101 
$1,961,290 $18,609 $12,488 $1,918,981 $6,054 $49,951 
Derivative Financial Instruments
Not Designated as Hedging Instruments
 20232022
Notional
Value
Assets(c)
Liabilities(b)
Notional
Value
Assets(c)
Liabilities(b)
Commodity contracts5,637 — 318 10,803 310 310 
Interest rate caps617,859 464 — 1,058,827 2,373 — 
$623,496 $464 $318 $1,069,630 $2,683 $310 
(a)Includes $15.1 million of cross-currency swaps recorded in Other long-term assets as of December 31, 2023 with all remaining amounts recorded in Other current assets.
(b)Includes $24.2 million of cross-currency swaps recorded in Other long-term liabilities as of December 31, 2022 with all remaining amounts recorded in Accrued liabilities.
(c)Includes $0.5 million and $2.4 million of interest rate caps recorded in Other Long-term assets as of December 31, 2023 and December 31, 2022, respectively, with all remaining amounts recorded in Other current assets.
Schedule of Gain/(Loss) on Derivative Cash Flow Hedges Reclassified From AOCI Into Income The amount of gains and losses related to derivative financial instruments designated as cash flow hedges for the years ended December 31, were as follows (in thousands):
 
 Gain/(Loss)
Recognized in OCI		Gain/(Loss)
Reclassified from AOCL into Income
202320222021202320222021
Foreign currency contracts$1,859 $26,093 $29,602 $1,301 $46,077 $(12,531)
Commodity contracts(654)312 345 (930)703 313 
Cross-currency swaps48,019 (71,172)(103,551)43,812 (79,952)(115,200)
Treasury rate lock contracts1,139 — — (53)(426)(502)
Interest rate swaps— — 397 — — (2,689)
Swap rate lock contracts
(1,780)— — (452)— — 
$48,583 $(44,767)$(73,207)$43,678 $(33,598)$(130,609)
The location and amount of gains and losses recognized in income related to derivative financial instruments designated as cash flow hedges for the years ended December 31, were as follows (in thousands):
 Motorcycles and related products
cost of goods sold		Selling, administrative &
engineering expense		Interest expenseFinancial services interest expense
2023
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded$3,322,306 $1,175,550 $30,787 $332,380 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts$1,301 $— $— $— 
Commodity contracts$(930)$— $— $— 
Cross-currency swaps$— $43,812 $— $— 
Treasury rate lock contracts$— $— $(363)$310 
Swap rate lock contracts
$— $— $— $(452)
2022
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded$3,403,728 $1,079,338 $31,235 $217,653 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts$46,077 $— $— $— 
Commodity contracts$703 $— $— $— 
Cross-currency swaps$— $(79,952)$— $— 
Treasury rate lock contracts$— $— $(363)$(63)
2021
Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded$3,243,287 $1,051,589 $30,972 $192,944 
Gain/(loss) reclassified from AOCL into income:
Foreign currency contracts$(12,531)$— $— $— 
Commodity contracts$313 $— $— $— 
Cross-currency swaps$— $(115,200)$— $— 
Treasury rate lock contracts$— $— $(363)$(139)
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 as of December 31 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
202320222021
Foreign currency contracts$125 $7,730 $(2,374)
Commodity contracts(1,426)1,264 1,966 
Interest rate caps(1,908)530 313 
$(3,209)$9,524 $(95)