Reportable Segments

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Reportable Segments

Reportable Segments

The Company operates in three business segments: HDMC, LiveWire and HDFS. The Company's reportable segments are strategic business units that offer different products and services and are managed separately based on the fundamental differences in their operations.

Selected segment information is set forth below (in thousands):

	Three months ended
	March 31, 2024		March 31, 2023
HDMC:
Revenue	$	1,476,106	$	1,557,829
Gross profit	461,070		557,026
Selling, administrative and engineering expense	222,625		221,290
Operating income	238,445		335,736
LiveWire:
Revenue	4,704		7,762
Gross (loss) profit	(3,941)		1,264
Selling, administrative and engineering expense	25,300		25,811
Operating loss	(29,241)		(24,547)
HDFS:
Financial services revenue	248,797		223,095
Financial services expense	194,922		164,675
Operating income	53,875		58,420
Operating income	$	263,079	$	369,609

Total assets for the HDMC, LiveWire and HDFS segments were $3.5 billion, $0.2 billion and $8.6 billion, respectively, as of March 31, 2024, $3.6 billion, $0.3 billion and $8.2 billion, respectively, as of December 31, 2023, and $3.1 billion, $0.3 billion and $8.6 billion, respectively, as of March 31, 2023.