Supplemental Consolidating Data (Tables)

12 Months Ended

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Supplemental Consolidating Data [Abstract]

Operations

	Year Ended December 31, 2011
	Motorcycles & Related Products Operations		Financial Services Operations		Eliminations			Consolidated
Revenue:
Motorcycles and related products	$	4,671,942	$	—	$	(9,678	)	$	4,662,264
Financial services		—		649,474		(25	)		649,449
Total revenue		4,671,942		649,474		(9,703	)		5,311,713
Costs and expenses:
Motorcycles and related products cost of goods sold		3,106,288		—		—			3,106,288
Financial services interest expense		—		229,492		—			229,492
Financial services provision for credit losses		—		17,031		—			17,031
Selling, administrative and engineering expense		926,832		143,814		(9,703	)		1,060,943
Restructuring expense		67,992		—		—			67,992
Total costs and expenses		4,101,112		390,337		(9,703	)		4,481,746
Operating income		570,830		259,137		—			829,967
Investment income		132,963		—		(125,000	)		7,963
Interest expense		45,266		—		—			45,266
Loss on debt extinguishment		—		—		—			—
Income before provision for income taxes		658,527		259,137		(125,000	)		792,664
Provision for income taxes		150,756		93,830		—			244,586
Income from continuing operations		507,771		165,307		(125,000	)		548,078
Income from discontinued operations, net of tax		51,036		—		—			51,036
Net income	$	558,807	$	165,307	$	(125,000	)	$	599,114

	Year Ended December 31, 2010
	Motorcycles & Related Products Operations			Financial Services Operations		Eliminations			Consolidated
Revenue:
Motorcycles and related products	$	4,176,627		$	—	$	—		$	4,176,627
Financial services		—			683,329		(620	)		682,709
Total revenue		4,176,627			683,329		(620	)		4,859,336
Costs and expenses:
Motorcycles and related products cost of goods sold		2,749,224			—		—			2,749,224
Financial services interest expense		—			272,484		—			272,484
Financial services provision for credit losses		—			93,118		—			93,118
Selling, administrative and engineering expense		881,888			139,103		(620	)		1,020,371
Restructuring expense		163,508			—		—			163,508
Total costs and expenses		3,794,620			504,705		(620	)		4,298,705
Operating income		382,007			178,624		—			560,631
Investment income		5,442			—		—			5,442
Interest expense		90,357			—		—			90,357
Loss on debt extinguishment		85,247			—		—			85,247
Income before provision for income taxes		211,845			178,624		—			390,469
Provision for income taxes		66,495			64,305		—			130,800
Income from continuing operations		145,350			114,319		—			259,669
Loss from discontinued operations, net of tax		(113,124	)		—		—			(113,124	)
Net income	$	32,226		$	114,319	$	—		$	146,545

	Year Ended December 31, 2009
	Motorcycles & Related Products Operations			Financial Services Operations			Eliminations			Consolidated
Revenue:
Motorcycles and related products	$	4,287,130		$	—		$	—		$	4,287,130
Financial services		—			495,687			(908	)		494,779
Total revenue		4,287,130			495,687			(908	)		4,781,909
Costs and expenses:
Motorcycles and related products cost of goods sold		2,900,934			—			—			2,900,934
Financial services interest expense		—			283,634			—			283,634
Financial services provision for credit losses		—			169,206			—			169,206
Selling, administrative and engineering expense		852,073			128,219			(908	)		979,384
Restructuring expense and other impairments		220,976			3,302			—			224,278
Goodwill impairment		—			28,387			—			28,387
Total costs and expenses		3,973,983			612,748			(908	)		4,585,823
Operating income (loss)		313,147			(117,061	)		—			196,086
Investment income		4,254			—			—			4,254
Interest expense		21,680			—			—			21,680
Income (loss) before provision for income taxes		295,721			(117,061	)		—			178,660
Provision for (benefit from) income taxes		140,565			(32,546	)		—			108,019
Income (loss) from continuing operations		155,156			(84,515	)		—			70,641
Loss from discontinued operations, net of tax		(125,757	)		—			—			(125,757	)
Net income (loss)	$	29,399		$	(84,515	)	$	—		$	(55,116	)

Balance Sheet

	December 31, 2011
	Motorcycles & Related Products Operations		Financial Services Operations		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	943,330	$	583,620	$	—		$	1,526,950
Marketable securities		153,380		—		—			153,380
Accounts receivable, net		393,615		—		(174,576	)		219,039
Finance receivables, net		—		1,168,603		—			1,168,603
Restricted finance receivables held by variable interest entities, net		—		591,864		—			591,864
Inventories		418,006		—		—			418,006
Restricted cash held by variable interest entities		—		229,655		—			229,655
Deferred income taxes		96,120		36,211		—			132,331
Other current assets		71,303		31,075		—			102,378
Total current assets		2,075,754		2,641,028		(174,576	)		4,542,206
Finance receivables, net		—		1,754,441		—			1,754,441
Restricted finance receivables held by variable interest entities, net		—		2,271,773		—			2,271,773
Property, plant and equipment, net		779,330		30,129		—			809,459
Goodwill		29,081		—		—			29,081
Deferred income taxes		203,605		2,538		(3,704	)		202,439
Other long-term assets		118,774		14,922		(68,931	)		64,765
	$	3,206,544	$	6,714,831	$	(247,211	)	$	9,674,164
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	220,957	$	209,332	$	(174,576	)	$	255,713
Accrued liabilities		482,838		85,038		(3,704	)		564,172
Short-term debt		—		838,486		—			838,486
Current portion of long-term debt		—		399,916		—			399,916
Current portion of long-term debt held by variable interest entities		—		640,331		—			640,331
Total current liabilities		703,795		2,173,103		(178,280	)		2,698,618
Long-term debt		303,000		2,093,871		—			2,396,871
Long-term debt held by variable interest entities		—		1,447,015		—			1,447,015
Pension liability		302,483		—		—			302,483
Postretirement healthcare liability		268,582		—		—			268,582
Other long-term liabilities		126,036		14,303		—			140,339
Commitments and contingencies (Note 17)
Total shareholders' equity		1,502,648		986,539		(68,931	)		2,420,256
	$	3,206,544	$	6,714,831	$	(247,211	)	$	9,674,164

	December 31, 2010
	Motorcycles & Related Products Operations		Financial Services Operations		Eliminations			Consolidated
ASSETS
Current assets:
Cash and cash equivalents	$	791,791	$	230,142	$	—		$	1,021,933
Marketable securities		140,118		—		—			140,118
Accounts receivable, net		454,311		—		(191,929	)		262,382
Finance receivables, net		—		1,080,432		—			1,080,432
Restricted finance receivables held by variable interest entities, net		—		699,026		—			699,026
Inventories		326,446		—		—			326,446
Assets of discontinued operations		—		—		—			—
Restricted cash held by variable interest entities		—		288,887		—			288,887
Deferred income taxes		101,423		44,988		—			146,411
Other current assets		57,269		91,297		(47,575	)		100,991
Total current assets		1,871,358		2,434,772		(239,504	)		4,066,626
Finance receivables, net		—		1,553,781		—			1,553,781
Restricted finance receivables held by variable interest entities, net		—		2,684,330		—			2,684,330
Property, plant and equipment, net		785,139		29,973		—			815,112
Goodwill		29,590		—		—			29,590
Deferred income taxes		206,179		11,035		(3,225	)		213,989
Other long-term assets		118,571		14,884		(66,143	)		67,312
	$	3,010,837	$	6,728,775	$	(308,872	)	$	9,430,740
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	195,642	$	253,794	$	(224,090	)	$	225,346
Accrued liabilities		501,741		73,569		(18,639	)		556,671
Liabilities of discontinued operations		—		—		—			—
Short-term debt		—		480,472		—			480,472
Current portion of long-term debt		—		—		—			—
Current portion of long-term debt held by variable interest entities		—		751,293		—			751,293
Total current liabilities		697,383		1,559,128		(242,729	)		2,013,782
Long-term debt		303,000		2,213,650		—			2,516,650
Long-term debt held by variable interest entities		—		2,003,941		—			2,003,941
Pension liability		282,085		—		—			282,085
Postretirement healthcare liability		254,762		—		—			254,762
Other long-term liabilities		140,804		11,850		—			152,654
Commitments and contingencies (Note 17)
Total shareholders' equity		1,332,803		940,206		(66,143	)		2,206,866
	$	3,010,837	$	6,728,775	$	(308,872	)	$	9,430,740

Cash Flows

	Year ended December 31, 2011
	Motorcycles & Related Products Operations			Financial Services Operations			Eliminations & Adjustments			Consolidated
Cash flows from operating activities:
Net income	$	558,807		$	165,307		$	(125,000	)	$	599,114
Income from discontinued operations		51,036			—			—			51,036
Income from continuing operations		507,771			165,307			(125,000	)		548,078
Adjustments to reconcile income from continuing operations to cash provided by operating activities:
Depreciation		173,959			6,449			—			180,408
Amortization of deferred loan origination costs		—			78,695			—			78,695
Amortization of financing origination fees		473			10,317			—			10,790
Provision for employee long-term benefits		55,942			3,499			—			59,441
Contributions to pension and postretirement plans		(219,695	)		—			—			(219,695	)
Stock compensation expense		35,404			2,788			—			38,192
Net change in wholesale finance receivables		—			—			(2,335	)		(2,335	)
Provision for credit losses		—			17,031			—			17,031
Loss on debt extinguishment		—			9,608			—			9,608
Pension and postretirement healthcare plan curtailment and settlement expense		236			—			—			236
Deferred income taxes		71,555			16,318			—			87,873
Foreign currency adjustments		10,678			—			—			10,678
Other, net		(16,650	)		843			—			(15,807	)
Change in current assets and current liabilities:
Accounts receivable		60,403			—			(17,353	)		43,050
Finance receivables – accrued interest and other		—			5,027			—			5,027
Inventories		(94,957	)		—			—			(94,957	)
Accounts payable and accrued liabilities		81,670			(25,989	)		64,610			120,291
Restructuring reserves		8,072			—			—			8,072
Derivative instruments		(2,519	)		31			—			(2,488	)
Other		1,154			49,524			(47,575	)		3,103
Total adjustments		165,725			174,141			(2,653	)		337,213
Net cash provided by operating activities of continuing operations		673,496			339,448			(127,653	)		885,291
Cash flows from investing activities of continuing operations:
Capital expenditures		(179,988	)		(9,047	)		—			(189,035	)
Origination of finance receivables		—			(6,056,242	)		3,434,218			(2,622,024	)
Collections of finance receivables		—			6,191,932			(3,431,883	)		2,760,049
Purchases of marketable securities		(142,653	)		—			—			(142,653	)
Sales and redemptions of marketable securities		130,121			—			—			130,121
Net cash (used by) provided by investing activities of continuing operations		(192,520	)		126,643			2,335			(63,542	)
Cash flows from financing activities of continuing operations:
Proceeds from issuance medium-term notes		—			447,076			—			447,076
Repayments of medium-term notes		—			(59,211	)		—			(59,211	)
Proceeds from securitization debt		—			1,082,599			—			1,082,599
Repayments of securitization debt		—			(1,754,568	)		—			(1,754,568	)
Net increase in credit facilities and unsecured commercial paper		—			237,827			—			237,827
Net repayments of asset-backed commercial paper		—			(483	)		—			(483	)
Net change in restricted cash		—			59,232			—			59,232
Dividends paid		(111,011	)		(125,000	)		125,000			(111,011	)
Purchase of common stock for treasury, net of issuances		(224,548	)		—			—			(224,548	)
Excess tax benefits from share based payments		6,303			—			—			6,303
Issuance of common stock under employee stock option plans		7,840			—			—			7,840
Net cash used by financing activities of continuing operations		(321,416	)		(112,528	)		125,000			(308,944	)
Effect of exchange rate changes on cash and cash equivalents of continuing operations		(8,021	)		(85	)		318			(7,788	)
Net decrease in cash and cash equivalents of continuing operations		151,539			353,478			—			505,017
Cash flows from discontinued operations:
Cash flows from operating activities of discontinued operations		—			—			—			—
Cash flows from investing activities of discontinued operations		—			—			—			—
Effect of exchange rate changes on cash and cash equivalents of discontinued operations		—			—			—			—
		—			—			—			—
Net decrease in cash and cash equivalents	$	151,539		$	353,478		$	—		$	505,017
Cash and cash equivalents:
Cash and cash equivalents – beginning of period	$	791,791		$	230,142		$	—		$	1,021,933
Cash and cash equivalents of discontinued operations – beginning of period		—			—			—			—
Net decrease in cash and cash equivalents		151,539			353,478			—			505,017
Less: Cash and cash equivalents of discontinued operations – end of period		—			—			—			—
Cash and cash equivalents – end of period	$	943,330		$	583,620		$	—		$	1,526,950

	Year ended December 31, 2010
	Motorcycles & Related Products Operations			Financial Services Operations			Eliminations & Adjustments			Consolidated
Cash flows from operating activities:
Net income	$	32,226		$	114,319		$	—		$	146,545
Loss from discontinued operations		(113,124	)		—			—			(113,124	)
Income from continuing operations		145,350			114,319			—			259,669
Adjustments to reconcile income from continuing operations to cash provided by operating activities:
Depreciation		248,246			6,925			—			255,171
Amortization of deferred loan origination costs		—			87,223			—			87,223
Amortization of financing origination fees		878			18,740			—			19,618
Provision for employee long-term benefits		78,812			818			—			79,630
Contributions to pension and postretirement plans		(39,391	)		—			—			(39,391	)
Stock compensation expense		28,105			2,326			—			30,431
Net change in wholesale finance receivables		—			—			81,527			81,527
Provision for credit losses		—			93,118			—			93,118
Loss on debt extinguishment		85,247			—			—			85,247
Pension and postretirement healthcare plan curtailment and settlement expense		31,824			—			—			31,824
Deferred income taxes		(16,774	)		(817	)		—			(17,591	)
Foreign currency adjustments		(21,480	)		—			—			(21,480	)
Other, net		13,178			(1,268	)		—			11,910
Change in current assets and current liabilities:
Accounts receivable		(101,462	)		—			104,367			2,905
Finance receivables – accrued interest and other		—			10,083			—			10,083
Inventories		2,516			—			—			2,516
Accounts payable and accrued liabilities		196,155			170,832			(151,974	)		215,013
Restructuring reserves		(32,258	)		(219	)		—			(32,477	)
Derivative instruments		(813	)		6,152			—			5,339
Other		3,888			(48,330	)		47,575			3,133
Total adjustments		476,671			345,583			81,495			903,749
Net cash provided by operating activities of continuing operations		622,021			459,902			81,495			1,163,418
Cash flows from investing activities of continuing operations:
Capital expenditures		(167,730	)		(3,115	)		—			(170,845	)
Origination of finance receivables		—			(5,319,738	)		3,067,206			(2,252,532	)
Collections of finance receivables		—			5,817,695			(3,148,733	)		2,668,962
Purchases of marketable securities		(184,365	)		—			—			(184,365	)
Sales and redemptions of marketable securities		84,217			—			—			84,217
Net cash (used by) provided by investing activities of continuing operations		(267,878	)		494,842			(81,527	)		145,437
Cash flows from financing activities of continuing operations:
Repayment of medium-term notes		—			(200,000	)		—			(200,000	)
Repayment of senior unsecured notes		(380,757	)		—			—			(380,757	)
Proceeds from securitization debt		—			598,187			—			598,187
Repayments of securitization debt		—			(1,896,665	)		—			(1,896,665	)
Net (decrease)/increase in credit facilities and unsecured commercial paper		(178,292	)		208,867			—			30,575
Net repayments of asset-backed commercial paper		—			(845	)		—			(845	)
Net change in restricted cash		—			77,654			—			77,654
Dividends paid		(94,145	)		—			—			(94,145	)
Purchase of common stock for treasury, net of issuances		(1,706	)		—			—			(1,706	)
Excess tax benefits from share based payments		3,767			—			—			3,767
Issuance of common stock under employee stock option plans		7,845			—			—			7,845
Net cash used by financing activities of continuing operations		(643,288	)		(1,212,802	)		—			(1,856,090	)
Effect of exchange rate changes on cash and cash equivalents of continuing operations		5,279			(371	)		32			4,940
Net decrease in cash and cash equivalents of continuing operations		(283,866	)		(258,429	)		—			(542,295	)
Cash flows from discontinued operations:
Cash flows from operating activities of discontinued operations		(71,073	)		—			—			(71,073	)
Cash flows from investing activities of discontinued operations		—			—			—			—
Effect of exchange rate changes on cash and cash equivalents of discontinued operations		(1,195	)		—			—			(1,195	)
		(72,268	)		—			—			(72,268	)
Net decrease in cash and cash equivalents	$	(356,134	)	$	(258,429	)	$	—		$	(614,563	)
Cash and cash equivalents:
Cash and cash equivalents – beginning of period	$	1,141,862		$	488,571		$	—		$	1,630,433
Cash and cash equivalents of discontinued operations – beginning of period		6,063			—			—			6,063
Net decrease in cash and cash equivalents		(356,134	)		(258,429	)		—			(614,563	)
Less: Cash and cash equivalents of discontinued operations – end of period		—			—			—			—
Cash and cash equivalents – end of period	$	791,791		$	230,142		$	—		$	1,021,933

	Year ended December 31, 2009
	Motorcycles & Related Products Operations			Financial Services Operations			Eliminations & Adjustments			Consolidated
Cash flows from operating activities:
Net income (loss)	$	29,399		$	(84,515	)	$	—		$	(55,116	)
Loss from discontinued operations		(125,757	)		—			—			(125,757	)
Income (loss) from continuing operations		155,156			(84,515	)		—			70,641
Adjustments to reconcile income from continuing operations to cash provided by operating activities:
Depreciation		238,276			8,068			—			246,344
Amortization of deferred loan origination costs		—			66,779			—			66,779
Amortization of financing origination fees		872			26,273			—			27,145
Provision for employee long-term benefits		80,387			—			—			80,387
Contributions to pension and postretirement plans		(233,224	)		—			—			(233,224	)
Stock compensation expense		16,326			1,250			—			17,576
Net change in wholesale finance receivables		—			—			332,167			332,167
Origination of retail finance receivables held for sale		—			(1,180,467	)		—			(1,180,467	)
Collections of retail finance receivables held for sale		—			919,201			—			919,201
Impairment of investment in retained securitization interests		—			45,370			—			45,370
Lower of cost or FMV adj. on finance receivables HFS		—			5,895			—			5,895
Goodwill and other impairments		18,024			28,387			—			46,411
Pension and postretirement healthcare plan curtailment and settlement expense		37,814			—			—			37,814
Provision for credit losses		—			169,206			—			169,206
Deferred income taxes		26,914			(19,983	)		—			6,931
Foreign currency adjustments		(22,234	)		—			—			(22,234	)
Other, net		8,827			838			—			9,665
Change in current assets and current liabilities:
Accounts receivable		226,334			—			(217,525	)		8,809
Finance receivables – accrued interest and other		—			(3,360	)		—			(3,360	)
Inventories		85,472			—			—			85,472
Accounts payable and accrued liabilities		(175,936	)		(242,784	)		217,525			(201,195	)
Restructuring reserves		65,346			642			—			65,988
Derivative instruments		10,591			(5,880	)		—			4,711
Other		1,133			1,845			—			2,978
Total adjustments		384,922			(178,720	)		332,167			538,369
Net cash provided by (used by) operating activities of continuing operations		540,078			(263,235	)		332,167			609,010
Cash flows from investing activities of continuing operations:
Capital expenditures		(111,316	)		(5,432	)		—			(116,748	)
Origination of finance receivables held for investment		—			(4,569,104	)		3,190,878			(1,378,226	)
Collections of finance receivables held for investment		—			4,130,213			(3,523,045	)		607,168
Collection of retained securitization interests		—			61,170			—			61,170
Purchase of marketable securities		(39,685	)		—			—			(39,685	)
Other – net		2,834			—			—			2,834
Net cash used by investing activities of continuing operations		(148,167	)		(383,153	)		(332,167	)		(863,487	)
Cash flows from financing activities of continuing operations:
Proceeds from issuance of medium-term notes		—			496,514			—			496,514
Proceeds from issuance of senior unsecured notes		595,026			—			—			595,026
Proceeds from securitization debt		—			2,413,192			—			2,413,192
Repayments of securitization debt		—			(263,083	)		—			(263,083	)
Net increase/(decrease) in credit facilities and unsecured commercial paper		20,476			(1,103,807	)		—			(1,083,331	)
Net repayments of asset-backed commercial paper		—			(513,168	)		—			(513,168	)
Net change in restricted cash		—			(167,667	)		—			(167,667	)
Dividends paid		(93,807	)		—			—			(93,807	)
Purchase of common stock for treasury, net of issuances		(1,920	)		—			—			(1,920	)
Excess tax benefits from share based payments		170			—			—			170
Issuance of common stock under employee stock option plans		11			—			—			11
Net cash provided by financing activities of continuing operations		519,956			861,981			—			1,381,937
Effect of exchange rate changes on cash and cash equivalents of continuing operations		7,193			(404	)		—			6,789
Net increase in cash and cash equivalents of continuing operations		919,060			215,189			—			1,134,249
Cash flows from discontinued operations:
Cash flows from operating activities of discontinued operations		(71,298	)		—			—			(71,298	)
Cash flows from investing activities of discontinued operations		(18,805	)		—			—			(18,805	)
Effect of exchange rate changes on cash and cash equivalents of discontinued operations		(1,208	)		—			—			(1,208	)
		(91,311	)		—			—			(91,311	)
Net increase in cash and cash equivalents	$	827,749		$	215,189		$	—		$	1,042,938
Cash and cash equivalents:
Cash and cash equivalents – beginning of period	$	295,512		$	273,382		$	—		$	568,894
Cash and cash equivalents of discontinued operations – beginning of period		24,664			—			—			24,664
Net increase in cash and cash equivalents		827,749			215,189			—			1,042,938
Less: Cash and cash equivalents of discontinued operations – end of period		(6,063	)		—			—			(6,063	)
Cash and cash equivalents – end of period	$	1,141,862		$	488,571		$	—		$	1,630,433