Fair Value (Tables)

3 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis

Recurring Fair Value Measurements – The Company’s assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):

	March 31, 2024
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	1,030,632	$	816,000	$	214,632
Marketable securities	36,484		36,484		—
Derivative financial instruments	9,316		—		9,316
	$	1,076,432	$	852,484	$	223,948
Liabilities:
Derivative financial instruments	$	28,104	$	—	$	28,104
LiveWire warrants	7,561		4,946		2,615
	$	35,665	$	4,946	$	30,719

	December 31, 2023
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	1,067,755	$	898,000	$	169,755
Marketable securities	34,079		34,079		—
Derivative financial instruments	19,073		—		19,073
	$	1,120,907	$	932,079	$	188,828
Liabilities:
Derivative financial instruments	$	12,806	$	—	$	12,806
LiveWire warrants	12,319		8,059		4,260
	$	25,125	$	8,059	$	17,066
	March 31, 2023
	Balance		Level 1		Level 2
Assets:
Cash equivalents	$	1,030,696	$	858,000	$	172,696
Marketable securities	34,017		34,017		—
Derivative financial instruments	4,647		—		4,647
	$	1,069,360	$	892,017	$	177,343
Liabilities:
Derivative financial instruments	$	50,218	$	—	$	50,218
LiveWire warrants	7,320		$	4,800	$	2,520
	$	57,538	$	4,800	$	52,738

Schedule of Summary of the Fair Value and Carrying Value of the Company's Financial Instruments

The fair value and carrying value of the Company’s remaining financial instruments that are measured at cost or amortized cost were as follows (in thousands):

	March 31, 2024				December 31, 2023				March 31, 2023
	Fair Value		Carrying Value		Fair Value		Carrying Value		Fair Value		Carrying Value
Assets:
Finance receivables, net	$	7,927,504	$	7,906,022	$	7,500,263	$	7,498,265	$	7,611,579	$	7,573,723
Liabilities:
Deposits, net	$	454,617	$	441,168	$	460,766	$	447,782	$	391,238	$	369,311
Debt:
Unsecured commercial paper	$	938,719	$	938,719	$	878,935	$	878,935	$	501,243	$	501,243
Asset-backed U.S. commercial paper conduit facility	$	502,521	$	502,521	$	233,258	$	233,258	$	372,816	$	372,816
Asset-backed Canadian commercial paper conduit facility	$	88,333	$	88,333	$	70,742	$	70,742	$	62,195	$	62,195
Asset-backed securitization debt	$	1,640,573	$	1,644,626	$	1,872,215	$	1,877,368	$	2,240,966	$	2,257,799
Medium-term notes	$	3,276,959	$	3,288,993	$	3,308,952	$	3,319,138	$	3,153,175	$	3,245,591
Senior notes	$	684,792	$	746,258	$	674,787	$	746,079	$	665,665	$	745,545