Harley-Davidson (HOG) 10-Q 4 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 26, 2016	Jul. 29, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	HARLEY DAVIDSON INC
Entity Central Index Key	793,952
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 26, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		178,797,243

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Revenue:
Motorcycles and Related Products	$ 1,670,113	$ 1,650,783	$ 3,246,723	$ 3,161,353
Financial Services	190,964	173,609	364,322	335,984
Total revenue	1,861,077	1,824,392	3,611,045	3,497,337
Costs and expenses:
Motorcycles and Related Products cost of goods sold	1,062,555	1,003,569	2,048,885	1,923,864
Financial Services interest expense	42,895	41,188	88,814	79,724
Financial Services provision for credit losses	23,461	15,175	60,584	41,422
Selling, administrative and engineering expense	319,844	301,944	611,612	579,693
Total costs and expenses	1,448,755	1,361,876	2,809,895	2,624,703
Operating income	412,322	462,516	801,150	872,634
Investment income	688	1,450	1,454	2,772
Interest expense	7,094	9	14,262	18
Income before provision for income taxes	405,916	463,957	788,342	875,388
Provision for income taxes	125,485	164,147	257,422	305,724
Net income	$ 280,431	$ 299,810	$ 530,920	$ 569,664
Earnings per common share:
Basic (in dollars per share)	$ 1.55	$ 1.44	$ 2.92	$ 2.72
Diluted (in dollars per share)	1.55	1.44	2.91	2.71
Cash dividends per common share (in dollars per share)	$ 0.35	$ 0.310	$ 0.70	$ 0.620

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 280,431	$ 299,810	$ 530,920	$ 569,664
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	2,628	4,251	15,321	(22,770)
Derivative financial instruments	3,009	(13,286)	(5,343)	(2,214)
Marketable securities	(32)	(128)	(77)	(195)
Pension and postretirement benefit plans	7,572	8,798	15,143	17,596
Total other comprehensive income (loss), net of tax	13,177	(365)	25,044	(7,583)
Comprehensive income	$ 293,608	$ 299,445	$ 555,964	$ 562,081

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Current assets:
Cash and cash equivalents	$ 864,670	$ 722,209	$ 1,247,579
Marketable securities	5,070	45,192	52,516
Accounts receivable, net	311,956	247,405	277,569
Finance receivables, net	2,457,974	2,053,582	2,331,723
Inventories	371,196	585,907	395,044
Restricted cash	78,078	88,267	136,760
Deferred income taxes	116,214	102,769	94,778
Other current assets	153,866	132,552	154,009
Total current assets	4,359,024	3,977,883	4,689,978
Finance receivables, net	4,824,071	4,814,571	4,816,772
Property, plant and equipment, net	951,309	942,418	873,007
Goodwill	54,542	54,182	26,105
Deferred income taxes	83,047	99,614	66,755
Other long-term assets	76,447	84,309	76,577
Total assets	10,348,440	9,972,977	10,549,194
Current liabilities:
Accounts payable	273,696	235,614	407,636
Accrued liabilities	485,811	471,964	448,737
Short-term debt	1,020,487	1,201,380	114,983
Current portion of long-term debt, net	732,773	838,349	1,544,956
Total current liabilities	2,512,767	2,747,307	2,516,312
Long-term debt, net	5,308,063	4,832,469	4,551,083
Pension liability	129,465	164,888	66,786
Postretirement healthcare liability	188,846	193,659	196,369
Other long-term liabilities	188,292	195,000	195,017
Commitments and contingencies
Shareholders’ equity:
Preferred stock, none issued	0	0	0
Common stock	3,453	3,449	3,448
Additional paid-in-capital	1,349,755	1,328,561	1,304,855
Retained earnings	9,365,105	8,961,985	8,898,959
Accumulated other comprehensive loss	(590,161)	(615,205)	(522,526)
Treasury stock, at cost	(8,107,145)	(7,839,136)	(6,661,109)
Total shareholders' equity	2,021,007	1,839,654	3,023,627
Total liabilities and shareholders' equity	10,348,440	9,972,977	10,549,194
Variable interest entities
Current assets:
Finance receivables, net	258,870	322,768	409,198
Restricted cash - current and non-current	79,475	100,151	149,418
Other current assets	3,047	4,706	3,067
Finance receivables, net	884,226	1,250,919	1,740,420
Current liabilities:
Current portion of long-term debt, net	288,786	351,123	459,085
Long-term debt, net	$ 786,145	$ 1,108,254	$ 1,552,376

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Statement of Financial Position [Abstract]
Preferred stock, shares issued	0	0	0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015
Cash flows from operating activities:
Net cash provided by operating activities	$ 456,290	$ 613,944
Cash flows from investing activities:
Capital expenditures	(107,531)	(85,180)
Origination of finance receivables	(1,991,384)	(1,976,563)
Collections on finance receivables	1,630,213	1,570,431
Proceeds from finance receivables sold	312,571	0
Sales and redemptions of marketable securities	40,000	4,500
Other	166	5,111
Net cash used by investing activities	(115,965)	(481,701)
Cash flows from financing activities:
Proceeds from issuance of medium-term notes	1,193,396	595,386
Repayments of medium-term notes	(450,000)	0
Proceeds from securitization debt	0	1,195,668
Repayments of securitization debt	(385,837)	(454,332)
Net decrease in credit facilities and unsecured commercial paper	(181,259)	(616,586)
Borrowings of asset-backed commercial paper	33,428	40,209
Repayments of asset-backed commercial paper	(34,989)	(35,730)
Net change in restricted cash	17,992	(40,159)
Dividends paid	(127,800)	(129,745)
Purchase of common stock for treasury	(269,411)	(358,425)
Excess tax benefits from share-based payments	331	2,401
Issuance of common stock under employee stock option plans	2,367	15,664
Net cash (used by) provided by financing activities	(201,782)	214,351
Effect of exchange rate changes on cash and cash equivalents	3,918	(5,695)
Net increase (decrease) in cash and cash equivalents	142,461	340,899
Cash and cash equivalents:
Cash and cash equivalents—beginning of period	722,209	906,680
Net increase in cash and cash equivalents	142,461	340,899
Cash and cash equivalents—end of period	$ 864,670	$ 1,247,579

Basis of Presentation and Use o

Basis of Presentation and Use of Estimates	6 Months Ended
	Jun. 26, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Use of Estimates	Basis of Presentation and Use of Estimates The consolidated financial statements include the accounts of Harley-Davidson, Inc. and its wholly-owned subsidiaries (the Company), including the accounts of the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). In addition, certain variable interest entities (VIEs) related to secured financing are consolidated as the Company is the primary beneficiary. All intercompany accounts and material intercompany transactions are eliminated. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the consolidated balance sheets as of June 26, 2016 and June 28, 2015 , the consolidated statements of income for the three and six month periods then ended, the consolidated statements of comprehensive income for the three and six month periods then ended and the consolidated statements of cash flows for the six month periods then ended. Certain information and footnote disclosures normally included in complete financial statements have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) and U.S. generally accepted accounting principles (U.S. GAAP) for interim financial reporting. These consolidated financial statements should be read in conjunction with the audited financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 . The Company operates in two principal reportable segments: Motorcycles & Related Products (Motorcycles) and Financial Services. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from those estimates.

New Accounting Standards

New Accounting Standards	6 Months Ended
	Jun. 26, 2016
Accounting Changes and Error Corrections [Abstract]
New Accounting Standards	New Accounting Standards Accounting Standards Recently Adopted In February 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-02 Amendments to the Consolidation Analysis (ASU 2015-02). ASU 2015-02 amends the guidance within Accounting Standards Codification (ASC) Topic 810, "Consolidation,” to change the analysis that a reporting entity must perform to determine whether it should consolidate certain legal entities. The Company adopted ASU 2015-02 on January 1, 2016. The adoption of ASU 2015-02 had no impact on the Company's consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03 Simplifying the Presentation of Debt Issuance Costs (ASU 2015-03). ASU 2015-03 amends the guidance within ASC Topic 835, "Interest, " to require that debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt premiums and discounts. In August 2015, the FASB further clarified its views on debt costs incurred in connection with a line of credit arrangement by issuing ASU 2015-15 Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements (ASU 2015-15). ASU 2015-15 amends the guidance within ASC Topic 835, “Interest,” to allow an entity to defer and present debt issuance costs associated with a line of credit arrangement as an asset, regardless of whether there are any outstanding borrowings on the line of credit arrangement. The Company adopted ASU 2015-03 and ASU 2015-15 retrospectively on January 1, 2016. As a result, debt issuance costs related to its medium-term notes, senior unsecured notes, and term-asset backed securitizations are now classified as a reduction to the carrying amount of the related debt on the balance sheet. Debt issuance costs previously recorded in other current assets and other long-term assets totaling $18.2 million and $15.7 million as of December 31, 2015 and June 28, 2015 , respectively, on the balance sheet have been reclassified to current portion of long-term debt, net and long-term debt, net to reflect the adoption of the new guidance. The required new disclosures are also presented in Note 11. The Company will continue to classify debt issuance costs related to line of credit arrangements, which include its asset-backed commercial paper and unsecured commercial paper programs and its credit facilities, as an asset, regardless of whether it has any outstanding borrowings on the line of credit arrangements. In April 2015, the FASB issued ASU No. 2015-05 Customer's Accounting for Fees Paid in a Cloud Computing Arrangement, which amends ASC 350-40, Intangibles-Goodwill and Other Internal-Use Software (ASU 2015-05). ASU 2015-05 provides guidance to customers about whether a cloud computing arrangement includes a software license. If an arrangement includes a software license, the accounting for the license will be consistent with the licenses of other intangible assets. If the arrangement does not include a license, the arrangement will be accounted for as a service contract. The Company adopted ASU 2015-05 prospectively on January 1, 2016. The adoption of ASU 2015-05 had no impact on the Company's consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16 Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments (ASU 2015-16). ASU 2015-16 eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Acquirers must recognize measurement-period adjustments during the period in which they determine the amounts. This would include any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The Company adopted ASU 2015-16 on January 1, 2016. The adoption of ASU 2015-16 had no impact on the Company's consolidated financial statements. Accounting Standards Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09 Revenue from Contracts with Customers (ASU 2014-09). ASU 2014-09 is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In August 2015, the FASB issued ASU No. 2015-14 Revenue from Contracts with Customers: Deferral of Effective Date (ASU 2015-14) to defer the effective date of the new revenue recognition standard by one year to fiscal years beginning after December 15, 2017 and for interim periods therein. The guidance may be adopted using either a full retrospective or modified retrospective approach. Early adoption is permitted as early as fiscal years beginning after December 15, 2016 and interim periods therein. The Company is currently evaluating the impact of adoption of ASU 2014-09 and ASU 2015-14. In July 2015, the FASB issued ASU No. 2015-11 Inventory (Topic 330): Simplifying the Measurement of Inventory (ASU 2015-11). ASU 2015-11 simplifies the subsequent measurement of inventory by using only the lower of cost or net realizable value. ASU 2015-11 does not apply to inventory measured using the last-in, first-out method. The Company is required to adopt ASU 2015-11 for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016 on a prospective basis. Early adoption will be permitted. The Company does not believe adoption of ASU 2015-11 will have a material effect on the Company’s consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17 Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (ASU 2015-17). ASU 2015-17 eliminates the requirement for a Company to separate deferred income tax liabilities and assets into current and noncurrent amounts on a classified statement of financial position and requires that deferred tax liabilities and assets be classified as noncurrent. The Company is required to adopt ASU 2015-17 for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016 on either a retrospective or prospective basis. Early adoption is permitted. The Company is currently evaluating the timing and basis of adoption of ASU 2015-17. In January 2016, the FASB issued ASU No. 2016-01 Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (ASU 2016-01). ASU 2016-01 enhances the existing financial instruments reporting model by modifying fair value measurement tools, simplifying impairment assessments for certain equity instruments, and modifying overall presentation and disclosure requirements. The Company is required to adopt ASU 2016-01 for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017 on a prospective basis. The Company is currently evaluating the impact of adoption of ASU 2016-01. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842) (ASU 2016-02). ASU 2016-02 amends the existing lease accounting model by requiring a lessee to recognize the rights and obligations resulting from certain leases as assets and liabilities on the balance sheet. ASU 2016-02 also requires a company to disclose key information about their leasing arrangements. The Company is required to adopt ASU 2016-02 for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 using a modified retrospective approach. Early adoption is permitted. The Company is currently evaluating the impact of adoption of ASU 2016-02. In March 2016, the FASB issued ASU No. 2016-09 Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (ASU 2016-09). ASU 2016-09 identifies areas for simplification involving several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. The Company is required to adopt ASU 2016-09 for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016 using both a retrospective and prospective basis dependent upon the nature of the subtopic. Early adoption is permitted including adoption in an interim period. The Company is currently evaluating the impact of adoption of ASU 2016-09. In July 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13). ASU 2016-13 changes how to recognize expected credit losses on financial assets. The standard requires a more timely recognition of credit losses on loans and other financial assets and also provides additional transparency about credit risk. The current credit loss standard generally requires that a loss actually be incurred before it is recognized, while the new standard will require recognition of full lifetime expected losses upon initial recognition of the financial instrument. The Company is required to adopt ASU 2016-13 for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019 on a prospective basis. Early adoption is permitted for fiscal years beginning after December 15, 2018. An entity should apply the standard by recording a cumulative effect adjustment to retained earnings upon adoption. Adoption of this standard will impact how the Company recognizes credit losses on its financial instruments. The Company is currently evaluating the impact of adoption.

Additional Balance Sheet and Ca

Additional Balance Sheet and Cash Flow Information	6 Months Ended
	Jun. 26, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Balance Sheet and Cash Flow Information	Additional Balance Sheet and Cash Flow Information Marketable Securities The Company’s marketable securities consisted of the following (in thousands): June 26, December 31, June 28, Available-for-sale: Corporate bonds $ 5,070 $ 45,192 $ 52,516 Trading securities: Mutual funds 37,651 36,256 37,698 $ 42,721 $ 81,448 $ 90,214 The Company’s available-for-sale securities are carried at fair value with any unrealized gains or losses reported in other comprehensive income. During the first half of 2016 and 2015 , the Company recognized gross unrealized losses of approximately $122,000 and $310,000 , respectively, or $77,000 and $195,000 net of taxes, respectively, to adjust amortized cost to fair value. The marketable securities have contractual maturities that come due over the next 10 months. The Company's trading securities relate to investments held by the Company to fund certain deferred compensation obligations. The trading securities are carried at fair value with gains and losses recorded in net income, and investments are included in other long-term assets on the consolidated balance sheets. Inventories Inventories are valued at the lower of cost or market. Substantially all inventories located in the United States are valued using the last-in, first-out (LIFO) method. Other inventories are valued at the lower of cost or market using the first-in, first-out (FIFO) method. Inventories consist of the following (in thousands): June 26, December 31, June 28, Components at the lower of FIFO cost or market Raw materials and work in process $ 134,702 $ 161,704 $ 137,151 Motorcycle finished goods 152,035 327,952 186,326 Parts and accessories and general merchandise 133,727 145,519 121,469 Inventory at lower of FIFO cost or market 420,464 635,175 444,946 Excess of FIFO over LIFO cost (49,268 ) (49,268 ) (49,902 ) $ 371,196 $ 585,907 $ 395,044 Operating Cash Flow The reconciliation of net income to net cash provided by operating activities is as follows (in thousands): Six months ended June 26, June 28, Cash flows from operating activities: Net income $ 530,920 $ 569,664 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of intangibles 100,956 93,640 Amortization of deferred loan origination costs 43,555 47,524 Amortization of financing origination fees 5,146 4,820 Provision for employee long-term benefits 18,405 24,635 Employee benefit plan contributions and payments (35,189 ) (12,725 ) Stock compensation expense 15,797 16,734 Net change in wholesale finance receivables related to sales (442,254 ) (418,969 ) Provision for credit losses 60,584 41,422 Gain on off-balance sheet securitization (9,269 ) — Pension plan settlement expense 600 — Deferred income taxes (3,548 ) (1,195 ) Foreign currency adjustments (7,966 ) 11,041 Other, net (12,542 ) (1,964 ) Changes in current assets and liabilities: Accounts receivable, net (55,109 ) (43,309 ) Finance receivables—accrued interest and other (125 ) (270 ) Inventories 225,586 38,012 Accounts payable and accrued liabilities 53,790 232,357 Derivative instruments (1,474 ) 1,185 Other (31,573 ) 11,342 Total adjustments (74,630 ) 44,280 Net cash provided by operating activities $ 456,290 $ 613,944

Acquisition

Acquisition	6 Months Ended
	Jun. 26, 2016
Business Combinations [Abstract]
Acquisition	Acquisition On August 4, 2015 , the Company completed its purchase of certain assets and liabilities from Fred Deeley Imports, Ltd. (Deeley Imports) including, among other things, the acquisition of the exclusive right to distribute the Company's motorcycles and other products in Canada (Transaction) for total consideration of $59.9 million . The majority equity owner of Deeley Imports is a member of the Board of Directors of the Company. The Company believes that the acquisition of the Canadian distribution rights will align Harley-Davidson's Canada distribution with the Company's global go-to-market approach. The financial impact of the acquisition, which is part of the Motorcycles segment, has been included in the Company's consolidated financial statements from the date of acquisition. Proforma information reflecting this acquisition has not been disclosed as the proforma impact on consolidated net income would not be material. The following table summarizes the fair values of the Deeley Imports assets acquired and liabilities assumed at the date of acquisition (in thousands): August 4, 2015 Current assets $ 11,088 Property, plant and equipment 144 Intangible assets 20,842 Goodwill 28,567 Total assets 60,641 Current liabilities 731 Net assets acquired $ 59,910 As noted above, in conjunction with the acquisition of certain assets and assumption of certain liabilities of Deeley Imports, the Company recorded goodwill of $28.6 million , all of which the Company believes is tax deductible, and intangible assets with an initial fair value of $20.8 million . Of the total intangible assets acquired, $13.3 million was assigned to reacquired distribution rights with a useful life of two years and $7.5 million was assigned to customer relationships with a useful life of twenty years. The Company agreed to reimburse Deeley Imports for certain severance costs associated with the Transaction, resulting in $3.3 million of expense included in selling, administrative and engineering expense in the third quarter of 2015. The Company did not acquire any cash as part of the Transaction.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 26, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Changes in the carrying amount of goodwill for the Motorcycles segment were as follows (in thousands): Three months ended Six months ended June 26, 2016 June 28, 2015 June 26, 2016 June 28, 2015 Balance, beginning of period 54,585 25,632 $ 54,182 $ 27,752 Currency translations (43 ) 473 360 (1,647 ) Balance, end of period 54,542 26,105 $ 54,542 $ 26,105 The Motorcycles segment intangible assets consisted of the following (in thousands): June 26, 2016 Gross Carrying Amount Accumulated Amortization Net Estimated useful life (years) Other intangible assets Reacquired distribution rights $ 13,501 $ (6,188 ) $ 7,313 2 Customer relationships 7,617 (349 ) 7,268 20 Total other intangible assets $ 21,118 $ (6,537 ) $ 14,581 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Estimated useful life (years) Other intangible assets Reacquired distribution rights $ 12,614 $ (2,628 ) $ 9,986 2 Customer relationships 7,116 (148 ) 6,968 20 Total other intangible assets $ 19,730 $ (2,776 ) $ 16,954 Intangible assets other than goodwill are included in other long-term assets on the Company's consolidated balance sheets. The gross carrying amounts differ from the acquisition date amounts due to changes in foreign currency exchange rates. Amortization expense of other intangible assets for the three and six months ended June 26, 2016 , was $1.8 million and $3.5 million , respectively. The Company estimates future amortization to be approximately as follows (in thousands): Estimated Amortization 2016 (remaining 6 months) $ 3,588 2017 4,346 2018 384 2019 384 2020 384 2021 384 Thereafter 5,111 $ 14,581 The Financial Services segment did not have a goodwill or intangible assets balance at June 26, 2016 , December 31, 2015 and June 28, 2015 .

Finance Receivables

Finance Receivables	6 Months Ended
	Jun. 26, 2016
Receivables [Abstract]
Finance Receivables	Finance Receivables The Company provides retail financial services to customers of the Company’s independent dealers in the United States and Canada. The origination of retail loans is a separate and distinct transaction between the Company and the retail customer, unrelated to the Company’s sale of product to its dealers. Retail finance receivables consist of secured promissory notes and secured installment sales contracts. The Company holds either titles or liens on titles to vehicles financed by promissory notes and installment sales contracts. The Company offers wholesale financing to the Company’s independent dealers. Wholesale loans to dealers are generally secured by financed inventory or property and are originated in the U.S. and Canada. Finance receivables, net, consisted of the following (in thousands): June 26, December 31, June 28, Retail $ 6,020,750 $ 5,991,471 $ 5,962,685 Wholesale 1,422,648 1,023,860 1,325,041 Total finance receivables 7,443,398 7,015,331 7,287,726 Allowance for credit losses (161,353 ) (147,178 ) (139,231 ) Finance receivables, net $ 7,282,045 $ 6,868,153 $ 7,148,495 A provision for credit losses on finance receivables is charged or credited to earnings in amounts that the Company believes are sufficient to maintain the allowance for credit losses at a level that is adequate to cover losses of principal inherent in the existing portfolio. The allowance for credit losses represents management’s estimate of probable losses inherent in the finance receivable portfolio as of the balance sheet date. However, due to the use of projections and assumptions in estimating the losses, the amount of losses actually incurred by the Company could differ from the amounts estimated. Changes in the allowance for credit losses on finance receivables by portfolio were as follows (in thousands): Three months ended June 26, 2016 Retail Wholesale Total Balance, beginning of period $ 146,727 $ 9,457 $ 156,184 Provision for credit losses 24,563 (1,102 ) 23,461 Charge-offs (26,460 ) — (26,460 ) Recoveries 11,459 — 11,459 Other (a) (3,291 ) — (3,291 ) Balance, end of period $ 152,998 $ 8,355 $ 161,353 Three months ended June 28, 2015 Retail Wholesale Total Balance, beginning of period $ 123,777 $ 9,043 $ 132,820 Provision for credit losses 16,890 (1,715 ) 15,175 Charge-offs (21,003 ) — (21,003 ) Recoveries 12,239 — 12,239 Balance, end of period $ 131,903 $ 7,328 $ 139,231 Six months ended June 26, 2016 Retail Wholesale Total Balance, beginning of period $ 139,320 $ 7,858 $ 147,178 Provision for credit losses 60,087 497 60,584 Charge-offs (66,104 ) — (66,104 ) Recoveries 22,986 — 22,986 Other (a) (3,291 ) — (3,291 ) Balance, end of period $ 152,998 $ 8,355 $ 161,353 Six months ended June 28, 2015 Retail Wholesale Total Balance, beginning of period $ 122,025 $ 5,339 $ 127,364 Provision for credit losses 39,433 1,989 41,422 Charge-offs (53,736 ) — (53,736 ) Recoveries 24,181 — 24,181 Balance, end of period $ 131,903 $ 7,328 $ 139,231 (a) Related to the sale of finance receivables with a principal balance of $301.8 million through an off-balance sheet asset-backed securitization transaction (see Note 12 for additional information). Finance receivables are considered impaired when management determines it is probable that the Company will be unable to collect all amounts due according to the terms of the loan agreement. Portions of the allowance for credit losses are established to cover estimated losses on finance receivables specifically identified for impairment. The unspecified portion of the allowance for credit losses covers estimated losses on finance receivables which are collectively reviewed for impairment. The retail portfolio primarily consists of a large number of small balance, homogeneous finance receivables. The Company performs a periodic and systematic collective evaluation of the adequacy of the retail allowance for credit losses. The Company utilizes loss forecast models which consider a variety of factors including, but not limited to, historical loss trends, origination or vintage analysis, known and inherent risks in the portfolio, the value of the underlying collateral, recovery rates, and current economic conditions including items such as unemployment rates. Retail finance receivables are not evaluated individually for impairment prior to charge-off and therefore are not reported as impaired loans. The wholesale portfolio is primarily composed of large balance, non-homogeneous loans. The Company’s evaluation for the wholesale allowance for credit losses is first based on a loan-by-loan review. A specific allowance for credit losses is established for wholesale finance receivables determined to be individually impaired when management concludes that the borrower will not be able to make full payment of the contractual amounts due based on the original terms of the loan agreement. The impairment is determined based on the cash that the Company expects to receive discounted at the loan’s original interest rate or the fair value of the collateral, if the loan is collateral-dependent. Finance receivables in the wholesale portfolio that are not considered impaired on an individual basis are segregated, based on similar risk characteristics, according to the Company’s internal risk rating system and collectively evaluated for impairment. The related allowance for credit losses is based on factors such as the specific borrower’s financial performance and ability to repay, the Company’s past loan loss experience, current economic conditions, and the value of the underlying collateral. Generally, it is the Company’s policy not to change the terms and conditions of finance receivables. However, to minimize the economic loss, the Company may modify certain finance receivables in troubled debt restructurings. Total restructured finance receivables are not significant. The allowance for credit losses and finance receivables by portfolio, segregated by those amounts that are individually evaluated for impairment and those that are collectively evaluated for impairment, was as follows (in thousands): June 26, 2016 Retail Wholesale Total Allowance for credit losses, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 152,998 8,355 161,353 Total allowance for credit losses $ 152,998 $ 8,355 $ 161,353 Finance receivables, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 6,020,750 1,422,648 7,443,398 Total finance receivables $ 6,020,750 $ 1,422,648 $ 7,443,398 December 31, 2015 Retail Wholesale Total Allowance for credit losses, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 139,320 7,858 147,178 Total allowance for credit losses $ 139,320 $ 7,858 $ 147,178 Finance receivables, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 5,991,471 1,023,860 7,015,331 Total finance receivables $ 5,991,471 $ 1,023,860 $ 7,015,331 June 28, 2015 Retail Wholesale Total Allowance for credit losses, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 131,903 7,328 139,231 Total allowance for credit losses $ 131,903 $ 7,328 $ 139,231 Finance receivables, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 5,962,685 1,325,041 7,287,726 Total finance receivables $ 5,962,685 $ 1,325,041 $ 7,287,726 There were no wholesale finance receivables at June 26, 2016 , December 31, 2015 , or June 28, 2015 that were individually deemed to be impaired under ASC Topic 310, “Receivables.” Retail finance receivables are contractually delinquent if the minimum payment is not received by the specified due date. Retail finance receivables are generally charged-off when the receivable is 120 days or more delinquent, the related asset is repossessed or the receivable is otherwise deemed uncollectible. All retail finance receivables accrue interest until either collected or charged-off. Accordingly, as of June 26, 2016 , December 31, 2015 and June 28, 2015 , all retail finance receivables were accounted for as interest-earning receivables, of which $21.9 million , $32.8 million and $18.3 million , respectively, were 90 days or more past due. Wholesale finance receivables are delinquent if the minimum payment is not received by the contractual due date. Wholesale finance receivables are written down once management determines that the specific borrower does not have the ability to repay the loan in full. Interest continues to accrue on past due finance receivables until the date the finance receivable becomes uncollectible and the finance receivable is placed on non-accrual status. The Company will resume accruing interest on these accounts when payments are current according to the terms of the loans and future payments are reasonably assured. While on non-accrual status, all cash received is applied to principal or interest as appropriate. There were no wholesale receivables on non-accrual status at June 26, 2016 , December 31, 2015 or June 28, 2015 . At June 26, 2016 , December 31, 2015 and June 28, 2015 , $0.2 million , $0.1 million , and $0.2 million of wholesale finance receivables were 90 days or more past due and accruing interest, respectively. An analysis of the aging of past due finance receivables was as follows (in thousands): June 26, 2016 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Total Finance Receivables Retail $ 5,852,659 $ 108,192 $ 37,961 $ 21,938 $ 168,091 $ 6,020,750 Wholesale 1,421,846 457 153 192 802 1,422,648 Total $ 7,274,505 $ 108,649 $ 38,114 $ 22,130 $ 168,893 $ 7,443,398 December 31, 2015 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Total Finance Receivables Retail $ 5,796,003 $ 118,996 $ 43,680 $ 32,792 $ 195,468 $ 5,991,471 Wholesale 1,022,365 888 530 77 1,495 1,023,860 Total $ 6,818,368 $ 119,884 $ 44,210 $ 32,869 $ 196,963 $ 7,015,331 June 28, 2015 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Total Finance Receivables Retail $ 5,819,279 $ 96,982 $ 28,150 $ 18,274 $ 143,406 $ 5,962,685 Wholesale 1,324,174 513 181 173 867 1,325,041 Total $ 7,143,453 $ 97,495 $ 28,331 $ 18,447 $ 144,273 $ 7,287,726 A significant part of managing the Company's finance receivable portfolios includes the assessment of credit risk associated with each borrower. As the credit risk varies between the retail and wholesale portfolios, the Company utilizes different credit risk indicators for each portfolio. The Company manages retail credit risk through its credit approval policy and ongoing collection efforts. The Company uses FICO scores, a standard credit rating measurement, to differentiate the expected default rates of retail credit applicants enabling the Company to better evaluate credit applicants for approval and to tailor pricing according to this assessment. Retail loans with a FICO score of 640 or above at origination are considered prime, and loans with a FICO score below 640 are considered sub-prime. These credit quality indicators are determined at the time of loan origination and are not updated subsequent to the loan origination date. The recorded investment in retail finance receivables, by credit quality indicator, was as follows (in thousands): June 26, 2016 December 31, 2015 June 28, 2015 Prime $ 4,756,479 $ 4,777,448 $ 4,718,363 Sub-prime 1,264,271 1,214,023 1,244,322 Total $ 6,020,750 $ 5,991,471 $ 5,962,685 The Company's credit risk on the wholesale portfolio is different from that of the retail portfolio. Whereas the retail portfolio represents a relatively homogeneous pool of retail finance receivables that exhibit more consistent loss patterns, the wholesale portfolio exposures are less consistent. The Company utilizes an internal credit risk rating system to manage credit risk exposure consistently across wholesale borrowers and individually evaluates credit risk factors for each borrower. The Company uses the following internal credit quality indicators, based on an internal risk rating system, listed from highest level of risk to lowest level of risk for the wholesale portfolio: Doubtful, Substandard, Special Mention, Medium Risk and Low Risk. Based upon management’s review, the dealers classified in the Doubtful category are the dealers with the greatest likelihood of being charged off, while the dealers classified as Low Risk are least likely to be charged off. The internal rating system considers factors such as the specific borrowers’ ability to repay and the estimated value of any collateral. Dealer risk rating classifications are reviewed and updated on a quarterly basis. The recorded investment in wholesale finance receivables, by internal credit quality indicator, was as follows (in thousands): June 26, 2016 December 31, 2015 June 28, 2015 Doubtful $ — $ 5,169 $ — Substandard 19,637 21,774 7,739 Special Mention 4,334 6,271 15,343 Medium Risk 6,350 11,494 3,245 Low Risk 1,392,327 979,152 1,298,714 Total $ 1,422,648 $ 1,023,860 $ 1,325,041

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 26, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Certain assets and liabilities are recorded at fair value in the financial statements; some of these are measured on a recurring basis while others are measured on a non-recurring basis. Assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. Assets and liabilities measured on a non-recurring basis are those that are adjusted to fair value when required by particular events or circumstances. In determining the fair value of assets and liabilities, the Company uses various valuation techniques. The availability of inputs observable in the market varies from instrument to instrument and depends on a variety of factors including the type of instrument, whether the instrument is actively traded, and other characteristics particular to the transaction. For many financial instruments, pricing inputs are readily observable in the market, the valuation methodology used is widely accepted by market participants, and the valuation does not require significant management discretion. For other financial instruments, pricing inputs are less observable in the market and may require management judgment. The Company assesses the inputs used to measure fair value using a three-tier hierarchy. The hierarchy indicates the extent to which inputs used in measuring fair value are observable in the market. Level 1 inputs include quoted prices for identical instruments and are the most observable. Level 2 inputs include quoted prices for similar assets and observable inputs such as interest rates, foreign currency exchange rates and commodity prices. The Company uses the market approach to derive the fair value for its level 2 fair value measurements. Forward contracts for foreign currency, commodities and interest rates are valued using current quoted forward rates and prices; investments in marketable securities and cash equivalents are valued using publicly quoted prices. Level 3 inputs are not observable in the market and include management’s judgments about the assumptions market participants would use in pricing the asset or liability. The use of observable and unobservable inputs is reflected in the hierarchy assessment disclosed in the following tables. Recurring Fair Value Measurements The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands): June 26, 2016 Balance Quoted Prices in Significant Significant Assets: Cash equivalents $ 549,426 $ 392,800 $ 156,626 $ — Marketable securities 42,721 37,651 5,070 — Derivatives 9,528 — 9,528 — $ 601,675 $ 430,451 $ 171,224 $ — Liabilities: Derivatives $ 1,605 $ — $ 1,605 $ — December 31, 2015 Balance Quoted Prices in Significant Significant Assets: Cash equivalents $ 555,910 $ 390,706 $ 165,204 $ — Marketable securities 81,448 36,256 45,192 — Derivatives 16,235 — 16,235 — $ 653,593 $ 426,962 $ 226,631 $ — Liabilities: Derivatives $ 1,300 $ — $ 1,300 $ — June 28, 2015 Balance Quoted Prices in Significant Significant Assets: Cash equivalents $ 1,030,928 $ 558,660 $ 472,268 $ — Marketable securities 90,214 37,698 52,516 — Derivatives 26,501 — 26,501 — $ 1,147,643 $ 596,358 $ 551,285 $ — Liabilities: Derivatives $ 986 $ — $ 986 $ — Nonrecurring Fair Value Measurements Repossessed inventory is recorded at the lower of cost or net realizable value through a nonrecurring fair value measurement. Repossessed inventory was $15.3 million , $17.7 million and $13.1 million at June 26, 2016 , December 31, 2015 and June 28, 2015 , for which the fair value adjustment was $3.6 million , $8.6 million and $1.9 million , respectively. Fair value is estimated using Level 2 inputs based on the recent market values of repossessed inventory.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 26, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist primarily of cash and cash equivalents, marketable securities, finance receivables, net, debt, foreign currency exchange and commodity contracts (derivative instruments are discussed further in Note 9). The following table summarizes the fair value and carrying value of the Company’s financial instruments (in thousands): June 26, 2016 December 31, 2015 June 28, 2015 Fair Value Carrying Value Fair Value Carrying Value Fair Value Carrying Value Assets: Cash and cash equivalents $ 864,670 $ 864,670 $ 722,209 $ 722,209 $ 1,247,579 $ 1,247,579 Marketable securities $ 42,721 $ 42,721 $ 81,448 $ 81,448 $ 90,214 $ 90,214 Derivatives $ 9,528 $ 9,528 $ 16,235 $ 16,235 $ 26,501 $ 26,501 Finance receivables, net $ 7,369,410 $ 7,282,045 $ 6,937,053 $ 6,868,153 $ 7,251,671 $ 7,148,495 Restricted cash $ 92,650 $ 92,650 $ 110,642 $ 110,642 $ 162,211 $ 162,211 Liabilities: Derivatives $ 1,605 $ 1,605 $ 1,300 $ 1,300 $ 986 $ 986 Unsecured commercial paper $ 1,020,487 $ 1,020,487 $ 1,201,380 $ 1,201,380 $ 114,983 $ 114,983 Asset-backed Canadian commercial paper conduit facility $ 161,626 $ 161,626 $ 153,839 $ 153,839 $ 160,940 $ 160,940 Medium-term notes $ 4,239,390 $ 4,063,297 $ 3,410,966 $ 3,316,949 $ 4,077,952 $ 3,923,638 Senior unsecured notes $ 808,227 $ 740,982 $ 737,435 $ 740,653 $ — $ — Term asset-backed securitization debt $ 1,080,416 $ 1,074,931 $ 1,455,776 $ 1,459,377 $ 2,016,232 $ 2,011,461 Cash and Cash Equivalents and Restricted Cash – With the exception of certain cash equivalents, the carrying values of these items in the financial statements are based on historical cost. The historical cost basis for these amounts is estimated to approximate their respective fair values due to the short maturity of these instruments. Fair value is based on Level 1 or Level 2 inputs. Marketable Securities – The carrying value of marketable securities in the financial statements is based on fair value. The fair value of marketable securities is determined primarily based on quoted prices for identical instruments or on quoted market prices of similar financial assets. Fair value is based on Level 1 or Level 2 inputs. Finance Receivables, Net – The carrying value of retail and wholesale finance receivables in the financial statements is amortized cost less an allowance for credit losses. The fair value of retail finance receivables is generally calculated by discounting future cash flows using an estimated discount rate that reflects current credit, interest rate and prepayment risks associated with similar types of instruments. Fair value is determined based on Level 3 inputs. The amortized cost basis of wholesale finance receivables approximates fair value because they either are short-term or have interest rates that adjust with changes in market interest rates. Derivatives – Forward contracts for foreign currency exchange and commodities are derivative financial instruments and are carried at fair value on the balance sheet. The fair value of these contracts is determined using quoted forward rates and prices. Fair value is calculated using Level 2 inputs. Debt – The carrying value of debt in the financial statements is generally amortized cost, net of discounts and debt issuance costs. The carrying value of unsecured commercial paper approximates fair value due to its short maturity. Fair value is calculated using Level 2 inputs. The carrying value of debt provided under the Canadian Conduit approximates fair value since the interest rates charged under the facility are tied directly to market rates and fluctuate as market rates change. Fair value is calculated using Level 2 inputs. The fair values of the medium-term notes are estimated based upon rates available at the end of the period for debt with similar terms and remaining maturities. Fair value is calculated using Level 2 inputs. The fair value of the senior unsecured notes is estimated based upon rates available at the end of the period for debt with similar terms and remaining maturities. Fair value is calculated using Level 2 inputs. The fair value of the debt related to on-balance sheet term asset-backed securitization transactions is estimated based on pricing available at the end of the period for transactions with similar terms and maturities. Fair value is calculated using Level 2 inputs.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 26, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company is exposed to certain risks such as foreign currency exchange rate risk, interest rate risk and commodity price risk. To reduce its exposure to such risks, the Company selectively uses derivative financial instruments. All derivative transactions are authorized and executed pursuant to regularly reviewed policies and procedures, which prohibit the use of financial instruments for speculative trading purposes. All derivative instruments are recognized on the balance sheet at fair value (see Note 7). In accordance with ASC Topic 815, “Derivatives and Hedging,” the accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, further, on the type of hedging relationship. Changes in the fair value of derivatives that are designated as fair value hedges, along with the gain or loss on the hedged item, are recorded in current period earnings. For derivative instruments that are designated as cash flow hedges, the effective portion of gains and losses that result from changes in the fair value of derivative instruments is initially recorded in other comprehensive income (OCI) and subsequently reclassified into earnings when the hedged item affects income. The Company assesses, both at the inception of each hedge and on an on-going basis, whether the derivatives that are used in its hedging transactions are highly effective in offsetting changes in cash flows of the hedged items. Any ineffective portion is immediately recognized in earnings. No component of a hedging derivative instrument’s gain or loss is excluded from the assessment of hedge effectiveness. Derivative instruments that do not qualify for hedge accounting are recorded at fair value, and any changes in fair value are recorded in current period earnings. The Company sells its products internationally, and in most markets those sales are made in the foreign country’s local currency. As a result, the Company’s earnings can be affected by fluctuations in the value of the U.S. dollar relative to foreign currency. The Company utilizes foreign currency exchange contracts to mitigate the effects of the Euro, the Australian dollar, the Japanese yen, the Brazilian real, the Canadian dollar, and the Mexican peso. The Company utilizes foreign currency exchange contracts to mitigate the effects of these currencies’ fluctuations on earnings. The foreign currency exchange contracts are entered into with banks and allow the Company to exchange a specified amount of foreign currency for U.S. dollars at a future date, based on a fixed exchange rate. The Company utilizes commodity contracts to hedge portions of the cost of certain commodities consumed in the Company’s motorcycle production and distribution operations. The Company’s foreign currency exchange contracts and commodity contracts generally have maturities of less than one year. During the second quarter of 2015, the Company entered into treasury rate locks to fix the interest rate on a portion of the principal related to its anticipated issuance of senior unsecured debt during the third quarter of 2015. The treasury rate lock contracts were settled in July 2015. The loss at settlement was recorded in accumulated other comprehensive loss and will be reclassified into earnings over the life of the debt. The following table summarizes the fair value of the Company’s derivative financial instruments (in thousands): June 26, 2016 December 31, 2015 June 28, 2015 Derivatives Designated As Hedging Instruments Under ASC Topic 815 Notional Value Asset Fair Value (a) Liability Fair Value (b) Notional Value Asset Fair Value (a) Liability Fair Value (b) Notional Value Asset Fair Value (a) Liability Fair Value (b) Foreign currency contracts (c) $ 542,788 $ 9,423 $ 1,358 $ 436,352 $ 16,167 $ 181 $ 367,309 $ 23,136 $ — Commodity contracts (c) 861 88 — 968 — 159 1,166 — 98 Treasury rate locks (c) — — — — — — 300,000 3,365 — Total $ 543,649 $ 9,511 $ 1,358 $ 437,320 $ 16,167 $ 340 $ 668,475 $ 26,501 $ 98 June 26, 2016 December 31, 2015 June 28, 2015 Derivatives Not Designated As Hedging Instruments Under ASC Topic 815 Notional Value Asset Fair Value (a) Liability Fair Value (b) Notional Value Asset Fair Value (a) Liability Fair Value (b) Notional Value Asset Fair Value (a) Liability Fair Value (b) Commodity contracts $ 4,298 $ 17 $ 247 $ 6,510 $ 68 $ 960 $ 8,218 $ — $ 888 $ 4,298 $ 17 $ 247 $ 6,510 $ 68 $ 960 $ 8,218 $ — $ 888 (a) Included in other current assets (b) Included in accrued liabilities (c) Derivative designated as a cash flow hedge The following tables summarize the amount of gains and losses related to derivative financial instruments designated as cash flow hedges (in thousands): Amount of Gain/(Loss) Recognized in OCI, before tax Three months ended Six months ended Cash Flow Hedges June 26, June 28, June 26, June 28, Foreign currency contracts $ 8,017 $ (4,458 ) $ (4,507 ) $ 28,210 Commodity contracts 119 (3 ) (73 ) (123 ) Treasury rate locks — 3,365 — 3,365 Total $ 8,136 $ (1,096 ) $ (4,580 ) $ 31,452 Amount of Gain/(Loss) Reclassified from AOCL into Income Three months ended Six months ended Expected to be Reclassified Cash Flow Hedges June 26, June 28, June 26, June 28, Over the Next Twelve Months Foreign currency contracts (a) $ 3,551 $ 20,131 $ 4,407 $ 35,407 $ 7,824 Commodity contracts (a) (104 ) (125 ) (319 ) (439 ) 88 Treasury rate locks (b) (90 ) — (181 ) — (362 ) Total $ 3,357 $ 20,006 $ 3,907 $ 34,968 $ 7,550 (a) Gain/(loss) reclassified from accumulated other comprehensive loss (AOCL) to income is included in cost of goods sold (b) Gain/(loss) reclassified from accumulated other comprehensive loss (AOCL) to income is included in interest expense For the three and six months ended June 26, 2016 and June 28, 2015 , the cash flow hedges were highly effective and, as a result, the amount of hedge ineffectiveness was not material. No amounts were excluded from effectiveness testing. The following tables summarize the amount of gains and losses related to derivative financial instruments not designated as hedging instruments (in thousands): Amount of Gain/(Loss) Recognized in Income on Derivative Three months ended Six months ended Derivatives Not Designated As Hedges June 26, June 28, June 26, June 28, Commodity contracts (a) $ 67 $ 14 $ (224 ) $ (526 ) Total $ 67 $ 14 $ (224 ) $ (526 ) (a) Gain/(loss) recognized in income is included in cost of goods sold. The Company is exposed to credit loss risk in the event of non-performance by counterparties to these derivative financial instruments. Although no assurances can be given, the Company does not expect any of the counterparties to these derivative financial instruments to fail to meet its obligations. To manage credit loss risk, the Company evaluates counterparties based on credit ratings and, on a quarterly basis, evaluates each hedge’s net position relative to the counterparty’s ability to cover its position.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 26, 2016
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The following tables set forth the changes in accumulated other comprehensive loss (AOCL) (in thousands): Three months ended June 26, 2016 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (46,151 ) $ (1,139 ) $ (2,466 ) $ (553,582 ) $ (603,338 ) Other comprehensive income (loss) before reclassifications 2,516 (51 ) 8,136 — 10,601 Income tax 112 19 (3,014 ) — (2,883 ) Net other comprehensive income (loss) before reclassifications 2,628 (32 ) 5,122 — 7,718 Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (3,551 ) — (3,551 ) Realized (gains) losses - commodities contracts (a) — — 104 — 104 Realized (gains) losses - treasury rate lock (c) — — 90 — 90 Prior service credits (b) — — — (446 ) (446 ) Actuarial losses (b) — — — 12,472 12,472 Total reclassifications before tax — — (3,357 ) 12,026 8,669 Income tax expense (benefit) — — 1,244 (4,454 ) (3,210 ) Net reclassifications — — (2,113 ) 7,572 5,459 Other comprehensive income (loss) 2,628 (32 ) 3,009 7,572 13,177 Balance, end of period $ (43,523 ) $ (1,171 ) $ 543 $ (546,010 ) $ (590,161 ) Three months ended June 28, 2015 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (30,503 ) $ (767 ) $ 30,114 $ (521,005 ) $ (522,161 ) Other comprehensive income (loss) before reclassifications 5,040 (204 ) (1,096 ) — 3,740 Income tax (789 ) 76 406 — (307 ) Net other comprehensive income (loss) before reclassifications 4,251 (128 ) (690 ) — 3,433 Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (20,131 ) — (20,131 ) Realized (gains) losses - commodities contracts (a) — — 125 — 125 Prior service credits (b) — — — (695 ) (695 ) Actuarial losses (b) — — — 14,670 14,670 Total reclassifications before tax — — (20,006 ) 13,975 (6,031 ) Income tax expense (benefit) — — 7,410 (5,177 ) 2,233 Net reclassifications — — (12,596 ) 8,798 (3,798 ) Other comprehensive income (loss) 4,251 (128 ) (13,286 ) 8,798 (365 ) Balance, end of period $ (26,252 ) $ (895 ) $ 16,828 $ (512,207 ) $ (522,526 ) Six months ended June 26, 2016 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (58,844 ) $ (1,094 ) $ 5,886 $ (561,153 ) $ (615,205 ) Other comprehensive income (loss) before reclassifications 17,087 (122 ) (4,580 ) — 12,385 Income tax (1,766 ) 45 1,696 — (25 ) Net other comprehensive income (loss) before reclassifications 15,321 (77 ) (2,884 ) — 12,360 Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (4,407 ) — (4,407 ) Realized (gains) losses - commodities contracts (a) — — 319 — 319 Realized (gains) losses - treasury rate lock (c) — — 181 — 181 Prior service credits (b) — — — (892 ) (892 ) Actuarial losses (b) — — — 24,944 24,944 Total reclassifications before tax — — (3,907 ) 24,052 20,145 Income tax expense (benefit) — — 1,448 (8,909 ) (7,461 ) Net reclassifications — — (2,459 ) 15,143 12,684 Other comprehensive income (loss) 15,321 (77 ) (5,343 ) 15,143 25,044 Balance, end of period $ (43,523 ) $ (1,171 ) $ 543 $ (546,010 ) $ (590,161 ) Six months ended June 28, 2015 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (3,482 ) $ (700 ) $ 19,042 $ (529,803 ) $ (514,943 ) Other comprehensive (loss) income before reclassifications (24,951 ) (310 ) 31,452 — 6,191 Income tax 2,181 115 (11,650 ) — (9,354 ) Net other comprehensive (loss) income before reclassifications (22,770 ) (195 ) 19,802 — (3,163 ) Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (35,407 ) — (35,407 ) Realized (gains) losses - commodities contracts (a) — — 439 — 439 Prior service credits (b) — — — (1,390 ) (1,390 ) Actuarial losses (b) — — — 29,340 29,340 Total reclassifications before tax — — (34,968 ) 27,950 (7,018 ) Income tax expense (benefit) — — 12,952 (10,354 ) 2,598 Net reclassifications — — (22,016 ) 17,596 (4,420 ) Other comprehensive (loss) income (22,770 ) (195 ) (2,214 ) 17,596 (7,583 ) Balance, end of period $ (26,252 ) $ (895 ) $ 16,828 $ (512,207 ) $ (522,526 ) (a) Amounts reclassified to net income are included in Motorcycles and Related Products cost of goods sold. (b) Amounts reclassified are included in the computation of net periodic period cost. See Note 16 for information related to pension and postretirement benefit plans. (c) Amounts reclassified to net income are included in interest expense.

Debt

Debt	6 Months Ended
	Jun. 26, 2016
Debt Disclosure [Abstract]
Debt	Debt Debt with a contractual term less than one year is generally classified as short-term debt and consisted of the following (in thousands): June 26, December 31, June 28, Unsecured commercial paper $ 1,020,487 $ 1,201,380 $ 114,983 Total short-term debt $ 1,020,487 $ 1,201,380 $ 114,983 Debt with a contractual term greater than one year is generally classified as long-term debt and consisted of the following (in thousands): June 26, December 31, June 28, Secured debt Asset-backed Canadian commercial paper conduit facility $ 161,626 $ 153,839 $ 160,940 Term asset-backed securitization debt 1,077,317 1,463,154 2,017,079 Less: unamortized discount and debt issuance costs (2,386 ) (3,777 ) (5,618 ) Total secured debt 1,236,557 1,613,216 2,172,401 Unsecured notes 1.15% Medium-term notes due in 2015 par value — — 600,000 3.88% Medium-term notes due in 2016 par value — 450,000 450,000 2.70% Medium-term notes due in 2017 par value 400,000 400,000 400,000 1.55% Medium-term notes due in 2017 par value 400,000 400,000 400,000 6.80% Medium-term notes due in 2018 par value 878,708 878,708 887,958 2.40% Medium-term notes due in 2019 par value 600,000 600,000 600,000 2.25% Medium-term notes due in 2019 par value 600,000 — — 2.15% Medium-term notes due in 2020 par value 600,000 600,000 600,000 2.85% Medium-term notes due in 2021 par value 600,000 — — 3.50% Senior unsecured notes due in 2025 par value 450,000 450,000 — 4.625% Senior unsecured notes due in 2045 par value 300,000 300,000 — Less: unamortized discount and debt issuance costs (24,429 ) (21,106 ) (14,320 ) Gross long-term debt 6,040,836 5,670,818 6,096,039 Less: current portion of long-term debt, net of unamortized discount and issuance costs (732,773 ) (838,349 ) (1,544,956 ) Total long-term debt $ 5,308,063 $ 4,832,469 $ 4,551,083 The Company adopted ASU No. 2015-03 and ASU No. 2015-15 on January 1, 2016. Upon adoption, the Company reclassified debt issuance costs, other than debt issuance costs related to line of credit arrangements (which include its asset-backed commercial paper and unsecured commercial paper programs and its credit facilities), from other assets to debt on the balance sheet. Refer to Note 2 for further discussion of newly adopted ASUs.

Asset-Backed Financing

Asset-Backed Financing	6 Months Ended
	Jun. 26, 2016
Transfers and Servicing [Abstract]
Asset-Backed Financing	Asset-Backed Financing The Company participates in asset-backed financing both through asset-backed securitization transactions and through asset-backed commercial paper conduit facilities. In the Company's asset-backed financing programs, the Company transfers retail motorcycle finance receivables to special purpose entities (SPE), which are considered VIEs under U.S. GAAP. Each SPE then converts those assets into cash, through the issuance of debt. The Company retains servicing rights for all of the retail motorcycle finance receivables transferred to SPEs as part of an asset-backed financing. The accounting treatment for asset-backed financings depends on the terms of the related transaction and the Company’s continuing involvement with the VIE. In transactions where the Company has power over the significant activities of the VIE and has an obligation to absorb losses or the right to receive benefits from the VIE that are potentially significant to the VIE, the Company is the primary beneficiary of the VIE and consolidates the VIE within its consolidated financial statements. On a consolidated basis, the asset-backed financing is treated as a secured borrowing in this type of transaction and is referred to as an on-balance sheet asset-backed financing. In transactions where the Company is not the primary beneficiary of the VIE, the Company must determine whether it can achieve a sale for accounting purposes under ASC Topic 860, "Transfers and Servicing". To achieve a sale for accounting purposes, the assets being transferred must be legally isolated, not be constrained by restrictions from further transfer, and be deemed to be beyond the Company’s control. If the Company does not meet all these criteria for sale accounting, then the transaction is accounted for as a secured borrowing and is referred to as an on-balance sheet asset-backed financing. If the Company meets all three of the sale criteria above, the transaction is recorded as a sale for accounting purposes and is referred to as an off-balance sheet asset-backed financing. Upon sale, the retail motorcycle finance receivables are removed from the Company’s balance sheet and a gain or loss is recognized for the difference between the cash proceeds received, the assets derecognized, and the liabilities recognized as part of the transaction. The gain or loss on sale is included in Financial Services revenue in the Consolidated Statement of Income. The Company is not required, and does not currently intend, to provide any additional financial support to the on or off-balance sheet VIEs associated with these transactions. Investors and creditors in these transactions only have recourse to the assets held by the VIEs. The Company adopted ASU No. 2015-03 and ASU No. 2015-15 on January 1, 2016. Upon adoption, the Company reclassified debt issuance costs, other than debt issuance costs related to line of credit arrangements (including the asset-backed commercial paper programs), from other assets to debt on the balance sheet. Refer to Note 2 for further discussion of newly adopted ASUs. The following table shows the assets and liabilities related to the on-balance sheet asset-backed financings included in the financial statements (in thousands): June 26, 2016 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt On-balance sheet assets and liabilities Consolidated VIEs Term asset-backed securitizations $ 1,173,527 $ (30,431 ) $ 79,475 $ 2,825 $ 1,225,396 $ 1,074,931 Asset-backed U.S. commercial paper conduit facility — — — 222 222 — Unconsolidated VIEs Asset-backed Canadian commercial paper conduit facility 177,360 (3,620 ) 13,175 332 187,247 161,626 Total on-balance sheet assets and liabilities $ 1,350,887 $ (34,051 ) $ 92,650 $ 3,379 $ 1,412,865 $ 1,236,557 December 31, 2015 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt On-balance sheet assets and liabilities Consolidated VIEs Term asset-backed securitizations $ 1,611,624 $ (37,937 ) $ 100,151 $ 4,383 $ 1,678,221 $ 1,459,377 Asset-backed U.S. commercial paper conduit facility — — — 323 323 — Unconsolidated VIEs Asset-backed Canadian commercial paper conduit facility 170,708 (3,061 ) 10,491 393 178,531 153,839 Total on-balance sheet assets and liabilities $ 1,782,332 $ (40,998 ) $ 110,642 $ 5,099 $ 1,857,075 $ 1,613,216 June 28, 2015 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt On-balance sheet assets and liabilities Consolidated VIEs Term asset-backed securitizations $ 2,199,018 $ (49,400 ) $ 149,418 $ 2,857 $ 2,301,893 $ 2,011,461 Asset-backed U.S. commercial paper conduit facility — — — 210 210 — Unconsolidated VIEs Asset-backed Canadian commercial paper conduit facility 176,730 (2,657 ) 12,793 340 187,206 160,940 Total on-balance sheet assets and liabilities $ 2,375,748 $ (52,057 ) $ 162,211 $ 3,407 $ 2,489,309 $ 2,172,401 On-Balance Sheet Term Asset-Backed Securitization VIEs The Company transfers U.S. retail motorcycle finance receivables to SPEs which in turn issue secured notes to investors, with various maturities and interest rates, secured by future collections of the purchased U.S. retail motorcycle finance receivables. Each on-balance sheet term asset-backed securitization SPE is a separate legal entity, and the U.S. retail motorcycle finance receivables included in the term asset-backed securitizations are only available for payment of the secured debt and other obligations arising from the term asset-backed securitization transaction and are not available to pay other obligations or claims of the Company’s creditors until the associated secured debt and other obligations are satisfied. Restricted cash balances held by the SPEs are used only to support the securitizations. There are no amortization schedules for the secured notes; however, the debt is reduced monthly as available collections on the related U.S. retail motorcycle finance receivables are applied to outstanding principal. The secured notes’ contractual lives have various maturities ranging from 2016 to 2022. The Company is the primary beneficiary of its on-balance sheet term asset-backed securitization VIEs because it retains servicing rights and a residual interest in the VIEs in the form of a debt security. As the servicer, the Company is the variable interest holder with the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance. As a residual interest holder, the Company has the obligation to absorb losses and the right to receive benefits which could potentially be significant to the VIE. There were no on-balance sheet term asset-backed securitization transactions during the first and second quarter s of 2016. During the first and second quarter s of 2015, the Company issued $700.0 million and $500.0 million ( $697.6 million and $498.1 million net of discount and issuance costs), respectively, of secured notes through on-balance sheet term asset-backed securitization transactions. On-Balance Sheet Asset-Backed U.S. Commercial Paper Conduit Facility VIE On December 14, 2015, the Company entered into a new revolving facility agreement (U.S. Conduit) with a third party bank-sponsored asset-backed U.S. commercial paper conduit, which provides for a total aggregate commitment of up to $600.0 million based on, among other things, the amount of eligible U.S. retail motorcycle finance receivables held by the SPE as collateral. The prior facility agreement expired on December 14, 2015 and had similar terms. Under the facility, the Company may transfer U.S. retail motorcycle finance receivables to a SPE, which in turn may issue debt to third-party bank-sponsored asset-backed commercial paper conduits. The assets of the SPE are restricted as collateral for the payment of the debt or other obligations arising in the transaction and are not available to pay other obligations or claims of the Company’s creditors. The terms for this debt provide for interest on the outstanding principal based on prevailing commercial paper rates or LIBOR to the extent the advance is not funded by a conduit lender through the issuance of commercial paper plus, in each case, a program fee based on outstanding principal. The U.S. Conduit also provides for an unused commitment fee based on the unused portion of the total aggregate commitment of $600.0 million . There is no amortization schedule; however, the debt will be reduced monthly as available collections on the related finance receivables are applied to outstanding principal. Upon expiration of the U.S. Conduit, any outstanding principal will continue to be reduced monthly through available collections. Unless earlier terminated or extended by mutual agreement of the Company and the lenders, the U.S. Conduit expires on December 14, 2016. The Company is the primary beneficiary of its U.S. Conduit VIE because it retains servicing rights and a residual interest in the VIEs in the form of a debt security. As the servicer, the Company is the variable interest holder with the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance. As a residual interest holder, the Company has the obligation to absorb losses and the right to receive benefits which could potentially be significant to the VIE. The VIE had no borrowings outstanding under the U.S. Conduit at June 26, 2016 , December 31, 2015 or June 28, 2015 ; therefore, assets that the U.S. Conduit holds are restricted as collateral for the payment of fees associated with the unused portion of the total aggregate commitment. On-Balance Sheet Asset-Backed Canadian Commercial Paper Conduit Facility In June 2015, the Company amended its facility agreement (Canadian Conduit) with a Canadian bank-sponsored asset-backed commercial paper conduit. Under the agreement, the Canadian Conduit is contractually committed, at the Company's option, to purchase eligible Canadian retail motorcycle finance receivables for proceeds up to C$240.0 million . The transferred assets are restricted as collateral for the payment of the debt. The terms for this debt provide for interest on the outstanding principal based on prevailing market interest rates plus a specified margin. The Canadian Conduit also provides for a program fee and an unused commitment fee based on the unused portion of the total aggregate commitment of C$240.0 million . There is no amortization schedule; however, the debt is reduced monthly as available collections on the related finance receivables are applied to outstanding principal. Upon expiration of the Canadian Conduit, any outstanding principal will continue to be reduced monthly through available collections. The contractual maturity of the debt is approximately 5 years . Unless earlier terminated or extended by mutual agreement of the Company and the lenders, as of June 26, 2016 , the Canadian Conduit had an expiration date of June 30, 2016 . The Canadian Conduit was renewed on June 30, 2016 with similar terms and for the same amount with an expiration date of June 30, 2017. The Company is not the primary beneficiary of the Canadian bank-sponsored, multi-seller conduit VIE; therefore, the Company doesn’t consolidate the VIE. However, the Company treats the conduit facility as a secured borrowing as it maintains effective control over the assets transferred to the VIE and therefore doesn’t meet the requirements for sale accounting. As the Company participates in and does not consolidate the Canadian bank-sponsored, multi-seller conduit VIE, the maximum exposure to loss associated with this VIE, which would only be incurred in the unlikely event that all the finance receivables and underlying collateral have no residual value, was $25.6 million at June 26, 2016 . The maximum exposure is not an indication of the Company's expected loss exposure. The following table includes quarterly transfers of Canadian retail motorcycle finance receivables to the Canadian Conduit and the respective proceeds (in thousands): 2016 2015 Transfers Proceeds Transfers Proceeds First quarter $ 6,600 $ 5,800 $ 19,200 $ 16,800 Second quarter $ 31,400 $ 27,500 $ 26,800 $ 23,400 Off-Balance Sheet Asset-Backed Securitization VIE During the second quarter of 2016, the Company sold retail motorcycle finance receivables with a principal balance of $301.8 million into a securitization VIE that was not consolidated, recognized a gain of $9.3 million and received cash proceeds of $312.6 million . Similar to an on-balance sheet term asset-backed securitization, the Company transferred U.S. retail motorcycle finance receivables to an SPE which in turn issued secured notes to investors, with various maturities and interest rates, secured by future collections of the purchased U.S. retail motorcycle finance receivables. The off-balance sheet asset-backed securitization SPE is a separate legal entity, and the U.S. retail motorcycle finance receivables included in the term asset-backed securitization are only available for payment of the secured debt and other obligations arising from the asset-backed securitization transaction and are not available to pay other obligations or claims of the Company’s creditors. In an on-balance sheet asset-backed securitization, the Company retains a financial interest in the VIE in the form of a debt security. As part of this off-balance sheet securitization, the Company did not retain any financial interest in the VIE beyond servicing rights and ordinary representations and warranties and related covenants. The Company is not the primary beneficiary of the off-balance sheet asset-backed securitization VIE because it only retained servicing rights and does not have the obligation to absorb losses or the right to receive benefits from the VIE which could potentially be significant to the VIE. Accordingly, this transaction met the accounting sale requirements under ASC Topic 860 and was recorded as a sale for accounting purposes. Upon the sale, the retail motorcycle finance receivables were removed from the Company’s balance sheet and a gain was recognized for the difference between the cash proceeds received, the assets derecognized and the liabilities recognized as part of the transaction. The gain on sale was included in financial services revenue in the Consolidated Statement of Income. At June 26, 2016, the assets of this off-balance sheet asset-backed securitization VIE were $292.2 million and represented the current unpaid principal balance of the retail motorcycle finance receivables, which was the Company’s maximum exposure to loss in the off-balance sheet VIE at June 26, 2016. This is based on the unlikely event that that all the receivables have underwriting defects or other defects that trigger a violation of certain covenants and that the underlying collateral has no residual value. This maximum exposure is not an indication of expected losses. Servicing Activities The Company services all retail motorcycle finance receivables that it originates. When the Company transfers retail motorcycle finance receivables to SPEs through asset-backed financings, the Company retains the right to service the finance receivables and receives servicing fees based on the securitized finance receivables balance and certain ancillary fees. In on-balance sheet asset-backed financing, servicing fees are eliminated in consolidation and therefore are not recorded on a consolidated basis. In off-balance sheet asset-backed financings, servicing fees and ancillary fees are recorded in Financial Services revenue in the Consolidated Statement of Income. The fees the Company is paid for servicing represent adequate compensation, and, consequently, the Company does not recognize a servicing asset or liability. The Company recognized servicing fee income of $0.3 million during the six months ended June 26, 2016. The current unpaid principal balance of serviced retail motorcycle finance receivables was as follows (in thousands): June 26, December 31, June 28, On-balance sheet retail motorcycle finance receivables $ 5,872,668 $ 5,843,352 $ 5,799,682 Off-balance sheet retail motorcycle finance receivables 292,176 — — Total serviced retail motorcycle finance receivables $ 6,164,844 $ 5,843,352 $ 5,799,682 The balance of serviced finance receivables 30 days or more delinquent was as follows (in thousands): Amount 30 days or more past due: June 26, December 31, June 28, On-balance sheet retail motorcycle finance receivables $ 168,091 $ 195,468 $ 143,406 Off-balance sheet retail motorcycle finance receivables 460 — — Total serviced retail motorcycle finance receivables $ 168,551 $ 195,468 $ 143,406 Credit losses, net of recoveries for the serviced finance receivables were as follows (in thousands): Three months ended Six months ended June 26, June 28, June 26, June 28, On-balance sheet retail motorcycle finance receivables $ 15,001 $ 8,764 $ 43,118 $ 29,555 Off-balance sheet retail motorcycle finance receivables 15 — 15 — Total serviced retail motorcycle finance receivables $ 15,016 $ 8,764 $ 43,133 $ 29,555

Income Taxes

Income Taxes	6 Months Ended
	Jun. 26, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s 2016 income tax rate for the six months ended June 26, 2016 was 32.7% compared to 34.9% for the same period last year. The year-to-date tax provision for income taxes included a discrete benefit of $14.6 million associated with the release of a portion of the Company's liability for unrecognized tax benefits following the closure of various audits during the second quarter of 2016.

Product Warranty and Safety Rec

Product Warranty and Safety Recall Campaigns	6 Months Ended
	Jun. 26, 2016
Product Warranties Disclosures [Abstract]
Product Warranty and Safety Recall Campaigns	Product Warranty and Recall Campaigns The Company currently provides a standard two -year limited warranty on all new motorcycles sold worldwide, except for Japan, where the Company currently provides a standard three -year limited warranty on all new motorcycles sold. In addition, the Company provides a one -year warranty for Parts & Accessories (P&A). The warranty coverage for the retail customer generally begins when the product is sold to a retail customer. The Company maintains reserves for future warranty claims using an estimated cost, which is based primarily on historical Company claim information maintained by the Company. Additionally, the Company has from time to time initiated voluntary recall campaigns. The Company reserves for all estimated costs associated with recalls in the period that management approves and commits to the recall. Changes in the Company’s warranty and recall liability were as follows (in thousands): Three months ended Six months ended June 26, June 28, June 26, June 28, Balance, beginning of period $ 74,836 $ 71,073 $ 74,217 $ 69,250 Warranties issued during the period 20,202 21,843 38,214 36,954 Settlements made during the period (22,679 ) (23,554 ) (40,842 ) (37,119 ) Recalls and changes to pre-existing warranty liabilities 10,121 14,054 10,891 14,331 Balance, end of period $ 82,480 $ 83,416 $ 82,480 $ 83,416 The liability for recall campaigns was $14.3 million , $10.2 million and $16.6 million as of June 26, 2016 , December 31, 2015 and June 28, 2015 , respectively.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 26, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation for basic and diluted earnings per share (in thousands, except per share amounts): Three months ended Six months ended June 26, June 28, June 26, June 28, Numerator : Net income used in computing basic and diluted earnings per share $ 280,431 $ 299,810 $ 530,920 $ 569,664 Denominator : Denominator for basic earnings per share - weighted-average common shares 180,587 207,650 181,976 209,115 Effect of dilutive securities - employee stock compensation plan 752 940 764 1,050 Denominator for diluted earnings per share - adjusted weighted-average shares outstanding 181,339 208,590 182,740 210,165 Earnings per common share: Basic $ 1.55 $ 1.44 $ 2.92 $ 2.72 Diluted $ 1.55 $ 1.44 $ 2.91 $ 2.71 Outstanding options to purchase 1.5 million and 1.0 million shares of common stock for the three months ended June 26, 2016 and June 28, 2015 , respectively, and 1.7 million and 0.8 million shares of common stock for the six months ended June 26, 2016 and June 28, 2015 , respectively, were not included in the Company’s computation of dilutive securities because the exercise price was greater than the market price and therefore the effect would have been anti-dilutive. The Company has a share-based compensation plan under which employees may be granted share-based awards including shares of restricted stock and restricted stock units (RSUs). Non-forfeitable dividends are paid on unvested shares of restricted stock and non-forfeitable dividend equivalents are paid on unvested RSUs. As such, shares of restricted stock and RSUs are considered participating securities under the two-class method of calculating earnings per share as described in ASC Topic 260, “Earnings per Share.” The two-class method of calculating earnings per share did not have a material impact on the Company’s earnings per share calculation for the three and six month periods ended June 26, 2016 and June 28, 2015 , respectively.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 26, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company has a defined benefit qualified pension plan and postretirement healthcare benefit plans that cover certain employees of the Motorcycles segment. The Company also has unfunded supplemental employee retirement plan agreements (SERPA) with certain employees which were instituted to replace benefits lost under the Tax Revenue Reconciliation Act of 1993. Net periodic benefit costs are allocated among selling, administrative and engineering expense, cost of goods sold and inventory. Amounts capitalized in inventory are not significant. Components of net periodic benefit costs were as follows (in thousands): Three months ended Six months ended June 26, June 28, June 26, June 28, Pension and SERPA Benefits Service cost $ 8,359 $ 10,010 $ 16,718 $ 20,020 Interest cost 22,707 21,836 45,414 43,672 Expected return on plan assets (36,445 ) (36,232 ) (72,890 ) (72,465 ) Amortization of unrecognized: Prior service cost 255 109 510 218 Net loss 11,588 13,677 23,176 27,354 Settlement loss 300 — 600 — Net periodic benefit cost $ 6,764 $ 9,400 $ 13,528 $ 18,799 Postretirement Healthcare Benefits Service cost $ 1,870 $ 2,065 $ 3,740 $ 4,130 Interest cost 3,704 3,541 7,408 7,082 Expected return on plan assets (3,017 ) (2,877 ) (6,034 ) (5,754 ) Amortization of unrecognized: Prior service credit (701 ) (804 ) (1,402 ) (1,608 ) Net loss 884 993 1,768 1,986 Net periodic benefit cost $ 2,740 $ 2,918 $ 5,480 $ 5,836 During the first half of 2016, the Company voluntarily contributed $25.0 million in cash to further fund its qualified pension plan. There are no required or planned contributions to the qualified pension plan for the remainder of 2016 . The Company expects it will continue to make ongoing benefit payments under the SERPA and postretirement healthcare plans.

Business Segments

Business Segments	6 Months Ended
	Jun. 26, 2016
Segment Reporting [Abstract]
Business Segments	Business Segments Harley-Davidson, Inc. is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) segment and the Financial Services segment. 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 Six months ended June 26, June 28, June 26, June 28, Motorcycles net revenue $ 1,670,113 $ 1,650,783 $ 3,246,723 $ 3,161,353 Gross profit 607,558 647,214 1,197,838 1,237,489 Selling, administrative and engineering expense 284,809 266,611 542,632 511,432 Operating income from Motorcycles 322,749 380,603 655,206 726,057 Financial Services revenue 190,964 173,609 364,322 335,984 Financial Services expense 101,391 91,696 218,378 189,407 Operating income from Financial Services 89,573 81,913 145,944 146,577 Operating income $ 412,322 $ 462,516 $ 801,150 $ 872,634

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 26, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is subject to lawsuits and other claims related to environmental, product and other matters. In determining required reserves related to these items, the Company carefully analyzes cases and considers the likelihood of adverse judgments or outcomes, as well as the potential range of possible loss. The required reserves are monitored on an ongoing basis and are updated based on new developments or new information in each matter. Environmental Protection Agency Notice: In December 2009, the Company received formal, written requests for information from the United States Environmental Protection Agency (EPA) regarding: (i) certificates of conformity for motorcycle emissions and related designations and labels, (ii) aftermarket parts, and (iii) warranty claims on emissions related components. The Company promptly submitted written responses to the EPA’s inquiry and has engaged in discussions with the EPA. Since that time, the EPA has delivered various additional requests for information to which the Company has responded. It is probable that a result of the EPA’s investigation will be some form of enforcement action by the EPA that will seek a fine and/or other relief or a negotiated resolution with the EPA that will involve a fine and/or other relief. The Company has a reserve associated with this matter which is included in accrued liabilities in the Consolidated Balance Sheet. Based on the status of discussions with the EPA, the Company believes resolution of this matter will not have a material adverse effect on its business or financial condition. York Environmental Matters: The Company is involved with government agencies and groups of potentially responsible parties in various environmental matters, including a matter involving the cleanup of soil and groundwater contamination at its York, Pennsylvania facility. The York facility was formerly used by the U.S. Navy and AMF prior to the purchase of the York facility by the Company from AMF in 1981. Although the Company is not certain as to the full extent of the environmental contamination at the York facility, it has been working with the Pennsylvania Department of Environmental Protection (PADEP) since 1986 in undertaking environmental investigation and remediation activities, including an ongoing site-wide remedial investigation/feasibility study (RI/FS). In January 1995, the Company entered into a settlement agreement (the Agreement) with the Navy, and the parties amended the Agreement in 2013 to address ordnance and explosive waste. The Agreement calls for the Navy and the Company to contribute amounts into a trust equal to 53% and 47% , respectively, of future costs associated with environmental investigation and remediation activities at the York facility (Response Costs). The trust administers the payment of the Response Costs incurred at the York facility as covered by the Agreement. The Company has a reserve for its estimate of its share of the future Response Costs at the York facility which is included in accrued liabilities in the Consolidated Balance Sheets. As noted above, the RI/FS is still underway and given the uncertainty that exists concerning the nature and scope of additional environmental investigation and remediation that may ultimately be required under the RI/FS or otherwise at the York facility, the Company is unable to make a reasonable estimate of those additional costs, if any, that may result. The estimate of the Company’s future Response Costs that will be incurred at the York facility is based on reports of independent environmental consultants retained by the Company, the actual costs incurred to date and the estimated costs to complete the necessary investigation and remediation activities. Response Costs are expected to be paid primarily through 2017 although certain Response Costs may continue for some time beyond 2017. Product Liability Matters: The Company is involved in product liability suits related to the operation of its business. The Company accrues for claim exposures that are probable of occurrence and can be reasonably estimated. The Company also maintains insurance coverage for product liability exposures. The Company believes that its accruals and insurance coverage are adequate and that product liability suits will not have a material adverse effect on the Company’s consolidated financial statements. National Highway Traffic Safety Administration Matters: On July 8, 2016, the National Highway Traffic Safety Administration (NHTSA) announced that it will investigate certain of the Company's model-year 2008-2011 motorcycles equipped with anti-lock braking systems (ABS). NHTSA’s investigation is in response to rider complaints related to brake failures. NHTSA noted that Harley-Davidson has a two-year brake fluid replacement interval that owners either are unaware of or ignore. The Company does not believe that a loss related to this matter is probable and no reserve has been established. However, it is possible that the outcome of NHTSA’s investigation could result in future costs to the Company. Given the uncertainty that still exists concerning the resolution of this matter, the Company cannot reasonably estimate these possible future costs, if any.

Supplemental Consolidating Data

Supplemental Consolidating Data	6 Months Ended
	Jun. 26, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Consolidating Data	Supplemental Consolidating Data The supplemental consolidating data for the periods noted is presented for informational purposes. The supplemental consolidating data may be different than segment information presented elsewhere due to the allocation of intercompany eliminations to reporting segments. All supplemental data is presented in thousands. Three months ended June 26, 2016 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 1,673,379 $ — $ (3,266 ) $ 1,670,113 Financial Services — 191,935 (971 ) 190,964 Total revenue 1,673,379 191,935 (4,237 ) 1,861,077 Costs and expenses: Motorcycles and Related Products cost of goods sold 1,062,555 — — 1,062,555 Financial Services interest expense — 42,895 — 42,895 Financial Services provision for credit losses — 23,461 — 23,461 Selling, administrative and engineering expense 285,367 38,301 (3,824 ) 319,844 Total costs and expenses 1,347,922 104,657 (3,824 ) 1,448,755 Operating income 325,457 87,278 (413 ) 412,322 Investment income 43,688 — (43,000 ) 688 Interest expense 7,094 — — 7,094 Income before provision for income taxes 362,051 87,278 (43,413 ) 405,916 Provision for income taxes 93,788 31,697 — 125,485 Net income $ 268,263 $ 55,581 $ (43,413 ) $ 280,431 Six months ended June 26, 2016 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 3,252,018 $ — $ (5,295 ) $ 3,246,723 Financial Services — 365,456 (1,134 ) 364,322 Total revenue 3,252,018 365,456 (6,429 ) 3,611,045 Costs and expenses: Motorcycles and Related Products cost of goods sold 2,048,885 — — 2,048,885 Financial Services interest expense — 88,814 — 88,814 Financial Services provision for credit losses — 60,584 — 60,584 Selling, administrative and engineering expense 543,598 74,275 (6,261 ) 611,612 Total costs and expenses 2,592,483 223,673 (6,261 ) 2,809,895 Operating income 659,535 141,783 (168 ) 801,150 Investment income 184,454 — (183,000 ) 1,454 Interest expense 14,262 — — 14,262 Income before provision for income taxes 829,727 141,783 (183,168 ) 788,342 Provision for income taxes 204,361 53,061 — 257,422 Net income $ 625,366 $ 88,722 $ (183,168 ) $ 530,920 Three months ended June 28, 2015 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 1,653,759 $ — $ (2,976 ) $ 1,650,783 Financial Services — 174,147 (538 ) 173,609 Total revenue 1,653,759 174,147 (3,514 ) 1,824,392 Costs and expenses: Motorcycles and Related Products cost of goods sold 1,003,569 — — 1,003,569 Financial Services interest expense — 41,188 — 41,188 Financial Services provision for credit losses — 15,175 — 15,175 Selling, administrative and engineering expense 267,149 38,309 (3,514 ) 301,944 Total costs and expenses 1,270,718 94,672 (3,514 ) 1,361,876 Operating income 383,041 79,475 — 462,516 Investment income 1,450 — — 1,450 Interest expense 9 — — 9 Income before provision for income taxes 384,482 79,475 — 463,957 Provision for income taxes 134,633 29,514 — 164,147 Net income $ 249,849 $ 49,961 $ — $ 299,810 Six months ended June 28, 2015 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 3,166,641 $ — $ (5,288 ) $ 3,161,353 Financial Services — 336,837 (853 ) 335,984 Total revenue 3,166,641 336,837 (6,141 ) 3,497,337 Costs and expenses: Motorcycles and Related Products cost of goods sold 1,923,864 — — 1,923,864 Financial Services interest expense — 79,724 — 79,724 Financial Services provision for credit losses — 41,422 — 41,422 Selling, administrative and engineering expense 512,284 73,550 (6,141 ) 579,693 Total costs and expenses 2,436,148 194,696 (6,141 ) 2,624,703 Operating income 730,493 142,141 — 872,634 Investment income 102,772 — (100,000 ) 2,772 Interest expense 18 — — 18 Income before provision for income taxes 833,247 142,141 (100,000 ) 875,388 Provision for income taxes 256,149 49,575 — 305,724 Net income $ 577,098 $ 92,566 $ (100,000 ) $ 569,664 June 26, 2016 HDMC Entities HDFS Entities Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 445,662 $ 419,008 $ — $ 864,670 Marketable securities 5,070 — — 5,070 Accounts receivable, net 816,439 — (504,483 ) 311,956 Finance receivables, net — 2,457,974 — 2,457,974 Inventories 371,196 — — 371,196 Restricted cash — 78,078 — 78,078 Deferred income taxes 60,497 55,717 — 116,214 Other current assets 124,923 38,203 (9,260 ) 153,866 Total current assets 1,823,787 3,048,980 (513,743 ) 4,359,024 Finance receivables, net — 4,824,071 — 4,824,071 Property, plant and equipment, net 916,388 34,921 — 951,309 Goodwill 54,542 — — 54,542 Deferred income taxes 76,194 8,555 (1,702 ) 83,047 Other long-term assets 133,540 24,744 (81,837 ) 76,447 $ 3,004,451 $ 7,941,271 $ (597,282 ) $ 10,348,440 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 239,380 $ 538,799 $ (504,483 ) $ 273,696 Accrued liabilities 397,645 97,150 (8,984 ) 485,811 Short-term debt — 1,020,487 — 1,020,487 Current portion of long-term debt, net — 732,773 — 732,773 Total current liabilities 637,025 2,389,209 (513,467 ) 2,512,767 Long-term debt, net 740,982 4,567,081 — 5,308,063 Pension liability 129,465 — — 129,465 Postretirement healthcare benefits 188,846 — — 188,846 Other long-term liabilities 157,835 27,621 2,836 188,292 Shareholders’ equity 1,150,298 957,360 (86,651 ) 2,021,007 $ 3,004,451 $ 7,941,271 $ (597,282 ) $ 10,348,440 December 31, 2015 HDMC Entities HDFS Entities Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 400,443 $ 321,766 $ — $ 722,209 Marketable securities 45,192 — — 45,192 Accounts receivable, net 390,799 — (143,394 ) 247,405 Finance receivables, net — 2,053,582 — 2,053,582 Inventories 585,907 — — 585,907 Restricted cash — 88,267 — 88,267 Deferred income taxes 56,319 46,450 — 102,769 Other current assets 90,824 43,807 (2,079 ) 132,552 Total current assets 1,569,484 2,553,872 (145,473 ) 3,977,883 Finance receivables, net — 4,814,571 — 4,814,571 Property, plant and equipment, net 906,972 35,446 — 942,418 Goodwill 54,182 — — 54,182 Deferred income taxes 86,075 15,681 (2,142 ) 99,614 Other long-term assets 133,753 31,158 (80,602 ) 84,309 $ 2,750,466 $ 7,450,728 $ (228,217 ) $ 9,972,977 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 220,050 $ 158,958 $ (143,394 ) $ 235,614 Accrued liabilities 387,137 89,048 (4,221 ) 471,964 Short-term debt — 1,201,380 — 1,201,380 Current portion of long-term debt — 838,349 — 838,349 Total current liabilities 607,187 2,287,735 (147,615 ) 2,747,307 Long-term debt 740,653 4,091,816 — 4,832,469 Pension liability 164,888 — — 164,888 Postretirement healthcare benefits 193,659 — — 193,659 Other long-term liabilities 166,440 28,560 — 195,000 Shareholders’ equity 877,639 1,042,617 (80,602 ) 1,839,654 $ 2,750,466 $ 7,450,728 $ (228,217 ) $ 9,972,977 June 28, 2015 HDMC Entities HDFS Entities Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 828,289 $ 419,290 $ — $ 1,247,579 Marketable securities 52,516 — — 52,516 Accounts receivable, net 743,341 — (465,772 ) 277,569 Finance receivables, net — 2,331,723 — 2,331,723 Inventories 395,044 — — 395,044 Restricted cash — 136,760 — 136,760 Deferred income taxes 51,667 43,111 — 94,778 Other current assets 126,856 34,029 (6,876 ) 154,009 Total current assets 2,197,713 2,964,913 (472,648 ) 4,689,978 Finance receivables, net — 4,816,772 — 4,816,772 Property, plant and equipment, net 841,361 31,646 — 873,007 Goodwill 26,105 — — 26,105 Deferred income taxes 57,587 10,861 (1,693 ) 66,755 Other long-term assets 121,264 34,576 (79,263 ) 76,577 $ 3,244,030 $ 7,858,768 $ (553,604 ) $ 10,549,194 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 306,335 $ 567,073 $ (465,772 ) $ 407,636 Accrued liabilities 369,467 87,839 (8,569 ) 448,737 Short-term debt — 114,983 — 114,983 Current portion of long-term debt — 1,544,956 — 1,544,956 Total current liabilities 675,802 2,314,851 (474,341 ) 2,516,312 Long-term debt — 4,551,083 — 4,551,083 Pension liability 66,786 — — 66,786 Postretirement healthcare liability 196,369 — — 196,369 Other long-term liabilities 168,043 26,974 — 195,017 Shareholders’ equity 2,137,030 965,860 (79,263 ) 3,023,627 $ 3,244,030 $ 7,858,768 $ (553,604 ) $ 10,549,194 Six months ended June 26, 2016 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from operating activities: Net income $ 625,366 $ 88,722 $ (183,168 ) $ 530,920 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization of intangibles 97,025 3,931 — 100,956 Amortization of deferred loan origination costs — 43,555 — 43,555 Amortization of financing origination fees 330 4,816 — 5,146 Provision for employee long-term benefits 18,405 — — 18,405 Employee benefit plan contributions and payments (35,189 ) — — (35,189 ) Stock compensation expense 14,562 1,235 — 15,797 Net change in wholesale finance receivables related to sales — — (442,254 ) (442,254 ) Provision for credit losses — 60,584 — 60,584 Gain on off-balance sheet securitization — (9,269 ) — (9,269 ) Pension plan settlement expense 600 — — 600 Deferred income taxes 798 (3,906 ) (440 ) (3,548 ) Foreign currency adjustments (7,966 ) — — (7,966 ) Other, net (12,539 ) (171 ) 168 (12,542 ) Change in current assets and current liabilities: Accounts receivable, net (416,198 ) — 361,089 (55,109 ) Finance receivables—accrued interest and other — (125 ) — (125 ) Inventories 225,586 — — 225,586 Accounts payable and accrued liabilities 23,420 385,992 (355,622 ) 53,790 Derivative instruments (1,474 ) — — (1,474 ) Other (33,237 ) 1,664 — (31,573 ) Total adjustments (125,877 ) 488,306 (437,059 ) (74,630 ) Net cash provided by operating activities 499,489 577,028 (620,227 ) 456,290 Six months ended June 26, 2016 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from investing activities: Capital expenditures (104,125 ) (3,406 ) — (107,531 ) Origination of finance receivables — (4,507,717 ) 2,516,333 (1,991,384 ) Collections of finance receivables — 3,709,319 (2,079,106 ) 1,630,213 Proceeds from finance receivables sold — 312,571 — 312,571 Sales and redemptions of marketable securities 40,000 — — 40,000 Other 166 — — 166 Net cash used by investing activities (63,959 ) (489,233 ) 437,227 (115,965 ) Cash flows from financing activities: Proceeds from issuance of medium-term notes — 1,193,396 — 1,193,396 Repayments of medium-term notes — (450,000 ) — (450,000 ) Repayments of securitization debt — (385,837 ) — (385,837 ) Net decrease in credit facilities and unsecured commercial paper — (181,259 ) — (181,259 ) Borrowings of asset-backed commercial paper — 33,428 — 33,428 Repayments of asset-backed commercial paper — (34,989 ) — (34,989 ) Net change in restricted cash — 17,992 — 17,992 Dividends paid (127,800 ) (183,000 ) 183,000 (127,800 ) Purchase of common stock for treasury (269,411 ) — — (269,411 ) Excess tax benefits from share-based payments 331 — — 331 Issuance of common stock under employee stock option plans 2,367 — — 2,367 Net cash (used by) provided by financing activities (394,513 ) 9,731 183,000 (201,782 ) Effect of exchange rate changes on cash and cash equivalents 4,202 (284 ) — 3,918 Net increase in cash and cash equivalents $ 45,219 $ 97,242 $ — $ 142,461 Cash and cash equivalents: Cash and cash equivalents—beginning of period $ 400,443 $ 321,766 $ — $ 722,209 Net increase in cash and cash equivalents 45,219 97,242 — 142,461 Cash and cash equivalents—end of period $ 445,662 $ 419,008 $ — $ 864,670 Six months ended June 28, 2015 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from operating activities: Net income $ 577,098 $ 92,566 $ (100,000 ) $ 569,664 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization of intangibles 88,996 4,644 — 93,640 Amortization of deferred loan origination costs — 47,524 — 47,524 Amortization of financing origination fees — 4,820 — 4,820 Provision for employee long-term benefits 24,635 — — 24,635 Employee benefit plan contributions and payments (12,725 ) — — (12,725 ) Stock compensation expense 15,415 1,319 — 16,734 Net change in wholesale finance receivables related to sales — — (418,969 ) (418,969 ) Provision for credit losses — 41,422 — 41,422 Deferred income taxes 5,832 (7,027 ) — (1,195 ) Foreign currency adjustments 11,041 — — 11,041 Other, net (2,671 ) 707 — (1,964 ) Change in current assets and current liabilities: Accounts receivable, net (347,967 ) — 304,658 (43,309 ) Finance receivables—accrued interest and other — (270 ) — (270 ) Inventories 38,012 — — 38,012 Accounts payable and accrued liabilities 144,784 385,999 (298,426 ) 232,357 Derivative instruments 1,185 — — 1,185 Other 9,625 1,717 — 11,342 Total adjustments (23,838 ) 480,855 (412,737 ) 44,280 Net cash provided by operating activities 553,260 573,421 (512,737 ) 613,944 Six months ended June 28, 2015 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from investing activities: Capital expenditures (83,282 ) (1,898 ) — (85,180 ) Origination of finance receivables — (4,526,313 ) 2,549,750 (1,976,563 ) Collections of finance receivables — 3,707,444 (2,137,013 ) 1,570,431 Sales and redemptions of marketable securities 4,500 — — 4,500 Other 5,111 — — 5,111 Net cash used by investing activities (73,671 ) (820,767 ) 412,737 (481,701 ) Cash flows from financing activities: Proceeds from issuance of medium-term notes — 595,386 — 595,386 Intercompany borrowing activity 250,000 (250,000 ) — — Proceeds from securitization debt — 1,195,668 — 1,195,668 Repayments of securitization debt — (454,332 ) — (454,332 ) Net decrease in credit facilities and unsecured commercial paper — (616,586 ) — (616,586 ) Borrowings of asset-backed commercial paper — 40,209 — 40,209 Repayments of asset-backed commercial paper — (35,730 ) — (35,730 ) Net change in restricted cash — (40,159 ) — (40,159 ) Dividends paid (129,745 ) (100,000 ) 100,000 (129,745 ) Purchase of common stock for treasury (358,425 ) — — (358,425 ) Excess tax benefits from share-based payments 2,401 — — 2,401 Issuance of common stock under employee stock option plans 15,664 — — 15,664 Net cash (used by) provided by financing activities (220,105 ) 334,456 100,000 214,351 Effect of exchange rate changes on cash and cash equivalents (5,090 ) (605 ) — (5,695 ) Net increase in cash and cash equivalents $ 254,394 $ 86,505 $ — $ 340,899 Cash and cash equivalents: Cash and cash equivalents—beginning of period $ 573,895 $ 332,785 $ — $ 906,680 Net increase in cash and cash equivalents 254,394 86,505 — 340,899 Cash and cash equivalents—end of period $ 828,289 $ 419,290 $ — $ 1,247,579

Basis of Presentation and Use26

Basis of Presentation and Use of Estimates (Policies)	6 Months Ended
	Jun. 26, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from those estimates.
Accounting Standards Recently Adopted and Not Yet Adopted	Accounting Standards Recently Adopted In February 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-02 Amendments to the Consolidation Analysis (ASU 2015-02). ASU 2015-02 amends the guidance within Accounting Standards Codification (ASC) Topic 810, "Consolidation,” to change the analysis that a reporting entity must perform to determine whether it should consolidate certain legal entities. The Company adopted ASU 2015-02 on January 1, 2016. The adoption of ASU 2015-02 had no impact on the Company's consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03 Simplifying the Presentation of Debt Issuance Costs (ASU 2015-03). ASU 2015-03 amends the guidance within ASC Topic 835, "Interest, " to require that debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt premiums and discounts. In August 2015, the FASB further clarified its views on debt costs incurred in connection with a line of credit arrangement by issuing ASU 2015-15 Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements (ASU 2015-15). ASU 2015-15 amends the guidance within ASC Topic 835, “Interest,” to allow an entity to defer and present debt issuance costs associated with a line of credit arrangement as an asset, regardless of whether there are any outstanding borrowings on the line of credit arrangement. The Company adopted ASU 2015-03 and ASU 2015-15 retrospectively on January 1, 2016. As a result, debt issuance costs related to its medium-term notes, senior unsecured notes, and term-asset backed securitizations are now classified as a reduction to the carrying amount of the related debt on the balance sheet. Debt issuance costs previously recorded in other current assets and other long-term assets totaling $18.2 million and $15.7 million as of December 31, 2015 and June 28, 2015 , respectively, on the balance sheet have been reclassified to current portion of long-term debt, net and long-term debt, net to reflect the adoption of the new guidance. The required new disclosures are also presented in Note 11. The Company will continue to classify debt issuance costs related to line of credit arrangements, which include its asset-backed commercial paper and unsecured commercial paper programs and its credit facilities, as an asset, regardless of whether it has any outstanding borrowings on the line of credit arrangements. In April 2015, the FASB issued ASU No. 2015-05 Customer's Accounting for Fees Paid in a Cloud Computing Arrangement, which amends ASC 350-40, Intangibles-Goodwill and Other Internal-Use Software (ASU 2015-05). ASU 2015-05 provides guidance to customers about whether a cloud computing arrangement includes a software license. If an arrangement includes a software license, the accounting for the license will be consistent with the licenses of other intangible assets. If the arrangement does not include a license, the arrangement will be accounted for as a service contract. The Company adopted ASU 2015-05 prospectively on January 1, 2016. The adoption of ASU 2015-05 had no impact on the Company's consolidated financial statements. In September 2015, the FASB issued ASU No. 2015-16 Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments (ASU 2015-16). ASU 2015-16 eliminates the requirement for an acquirer in a business combination to account for measurement-period adjustments retrospectively. Acquirers must recognize measurement-period adjustments during the period in which they determine the amounts. This would include any amounts they would have recorded in previous periods if the accounting had been completed at the acquisition date. The Company adopted ASU 2015-16 on January 1, 2016. The adoption of ASU 2015-16 had no impact on the Company's consolidated financial statements. Accounting Standards Not Yet Adopted In May 2014, the FASB issued ASU No. 2014-09 Revenue from Contracts with Customers (ASU 2014-09). ASU 2014-09 is a comprehensive new revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In August 2015, the FASB issued ASU No. 2015-14 Revenue from Contracts with Customers: Deferral of Effective Date (ASU 2015-14) to defer the effective date of the new revenue recognition standard by one year to fiscal years beginning after December 15, 2017 and for interim periods therein. The guidance may be adopted using either a full retrospective or modified retrospective approach. Early adoption is permitted as early as fiscal years beginning after December 15, 2016 and interim periods therein. The Company is currently evaluating the impact of adoption of ASU 2014-09 and ASU 2015-14. In July 2015, the FASB issued ASU No. 2015-11 Inventory (Topic 330): Simplifying the Measurement of Inventory (ASU 2015-11). ASU 2015-11 simplifies the subsequent measurement of inventory by using only the lower of cost or net realizable value. ASU 2015-11 does not apply to inventory measured using the last-in, first-out method. The Company is required to adopt ASU 2015-11 for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016 on a prospective basis. Early adoption will be permitted. The Company does not believe adoption of ASU 2015-11 will have a material effect on the Company’s consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17 Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes (ASU 2015-17). ASU 2015-17 eliminates the requirement for a Company to separate deferred income tax liabilities and assets into current and noncurrent amounts on a classified statement of financial position and requires that deferred tax liabilities and assets be classified as noncurrent. The Company is required to adopt ASU 2015-17 for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016 on either a retrospective or prospective basis. Early adoption is permitted. The Company is currently evaluating the timing and basis of adoption of ASU 2015-17. In January 2016, the FASB issued ASU No. 2016-01 Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (ASU 2016-01). ASU 2016-01 enhances the existing financial instruments reporting model by modifying fair value measurement tools, simplifying impairment assessments for certain equity instruments, and modifying overall presentation and disclosure requirements. The Company is required to adopt ASU 2016-01 for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017 on a prospective basis. The Company is currently evaluating the impact of adoption of ASU 2016-01. In February 2016, the FASB issued ASU No. 2016-02 Leases (Topic 842) (ASU 2016-02). ASU 2016-02 amends the existing lease accounting model by requiring a lessee to recognize the rights and obligations resulting from certain leases as assets and liabilities on the balance sheet. ASU 2016-02 also requires a company to disclose key information about their leasing arrangements. The Company is required to adopt ASU 2016-02 for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 using a modified retrospective approach. Early adoption is permitted. The Company is currently evaluating the impact of adoption of ASU 2016-02. In March 2016, the FASB issued ASU No. 2016-09 Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (ASU 2016-09). ASU 2016-09 identifies areas for simplification involving several aspects of accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, an option to recognize gross stock compensation expense with actual forfeitures recognized as they occur, as well as certain classifications on the statement of cash flows. The Company is required to adopt ASU 2016-09 for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016 using both a retrospective and prospective basis dependent upon the nature of the subtopic. Early adoption is permitted including adoption in an interim period. The Company is currently evaluating the impact of adoption of ASU 2016-09. In July 2016, the FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (ASU 2016-13). ASU 2016-13 changes how to recognize expected credit losses on financial assets. The standard requires a more timely recognition of credit losses on loans and other financial assets and also provides additional transparency about credit risk. The current credit loss standard generally requires that a loss actually be incurred before it is recognized, while the new standard will require recognition of full lifetime expected losses upon initial recognition of the financial instrument. The Company is required to adopt ASU 2016-13 for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019 on a prospective basis. Early adoption is permitted for fiscal years beginning after December 15, 2018. An entity should apply the standard by recording a cumulative effect adjustment to retained earnings upon adoption. Adoption of this standard will impact how the Company recognizes credit losses on its financial instruments. The Company is currently evaluating the impact of adoption.

Additional Balance Sheet and 27

Additional Balance Sheet and Cash Flow Information (Tables)	6 Months Ended
	Jun. 26, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Marketable Securities	The Company’s marketable securities consisted of the following (in thousands): June 26, December 31, June 28, Available-for-sale: Corporate bonds $ 5,070 $ 45,192 $ 52,516 Trading securities: Mutual funds 37,651 36,256 37,698 $ 42,721 $ 81,448 $ 90,214
Inventories Net	Inventories consist of the following (in thousands): June 26, December 31, June 28, Components at the lower of FIFO cost or market Raw materials and work in process $ 134,702 $ 161,704 $ 137,151 Motorcycle finished goods 152,035 327,952 186,326 Parts and accessories and general merchandise 133,727 145,519 121,469 Inventory at lower of FIFO cost or market 420,464 635,175 444,946 Excess of FIFO over LIFO cost (49,268 ) (49,268 ) (49,902 ) $ 371,196 $ 585,907 $ 395,044
Reconciliation of Net Cash Provided by Operating Activities	The reconciliation of net income to net cash provided by operating activities is as follows (in thousands): Six months ended June 26, June 28, Cash flows from operating activities: Net income $ 530,920 $ 569,664 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of intangibles 100,956 93,640 Amortization of deferred loan origination costs 43,555 47,524 Amortization of financing origination fees 5,146 4,820 Provision for employee long-term benefits 18,405 24,635 Employee benefit plan contributions and payments (35,189 ) (12,725 ) Stock compensation expense 15,797 16,734 Net change in wholesale finance receivables related to sales (442,254 ) (418,969 ) Provision for credit losses 60,584 41,422 Gain on off-balance sheet securitization (9,269 ) — Pension plan settlement expense 600 — Deferred income taxes (3,548 ) (1,195 ) Foreign currency adjustments (7,966 ) 11,041 Other, net (12,542 ) (1,964 ) Changes in current assets and liabilities: Accounts receivable, net (55,109 ) (43,309 ) Finance receivables—accrued interest and other (125 ) (270 ) Inventories 225,586 38,012 Accounts payable and accrued liabilities 53,790 232,357 Derivative instruments (1,474 ) 1,185 Other (31,573 ) 11,342 Total adjustments (74,630 ) 44,280 Net cash provided by operating activities $ 456,290 $ 613,944

Acquisition (Tables)

Acquisition (Tables)	6 Months Ended
	Jun. 26, 2016
Business Combinations [Abstract]
Summary of Fair Values of Assets Acquired and Liabilities Assumed	The following table summarizes the fair values of the Deeley Imports assets acquired and liabilities assumed at the date of acquisition (in thousands): August 4, 2015 Current assets $ 11,088 Property, plant and equipment 144 Intangible assets 20,842 Goodwill 28,567 Total assets 60,641 Current liabilities 731 Net assets acquired $ 59,910

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 26, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in the Carrying Amount of Goodwill	Changes in the carrying amount of goodwill for the Motorcycles segment were as follows (in thousands): Three months ended Six months ended June 26, 2016 June 28, 2015 June 26, 2016 June 28, 2015 Balance, beginning of period 54,585 25,632 $ 54,182 $ 27,752 Currency translations (43 ) 473 360 (1,647 ) Balance, end of period 54,542 26,105 $ 54,542 $ 26,105
Schedule of Finite-Lived Intangible Assets	The Motorcycles segment intangible assets consisted of the following (in thousands): June 26, 2016 Gross Carrying Amount Accumulated Amortization Net Estimated useful life (years) Other intangible assets Reacquired distribution rights $ 13,501 $ (6,188 ) $ 7,313 2 Customer relationships 7,617 (349 ) 7,268 20 Total other intangible assets $ 21,118 $ (6,537 ) $ 14,581 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Estimated useful life (years) Other intangible assets Reacquired distribution rights $ 12,614 $ (2,628 ) $ 9,986 2 Customer relationships 7,116 (148 ) 6,968 20 Total other intangible assets $ 19,730 $ (2,776 ) $ 16,954
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The Company estimates future amortization to be approximately as follows (in thousands): Estimated Amortization 2016 (remaining 6 months) $ 3,588 2017 4,346 2018 384 2019 384 2020 384 2021 384 Thereafter 5,111 $ 14,581

Finance Receivables (Tables)

Finance Receivables (Tables)	6 Months Ended
	Jun. 26, 2016
Receivables [Abstract]
Finance Receivables	Finance receivables, net, consisted of the following (in thousands): June 26, December 31, June 28, Retail $ 6,020,750 $ 5,991,471 $ 5,962,685 Wholesale 1,422,648 1,023,860 1,325,041 Total finance receivables 7,443,398 7,015,331 7,287,726 Allowance for credit losses (161,353 ) (147,178 ) (139,231 ) Finance receivables, net $ 7,282,045 $ 6,868,153 $ 7,148,495
Changes in the Allowance for Credit Losses on Finance Receivables	The allowance for credit losses and finance receivables by portfolio, segregated by those amounts that are individually evaluated for impairment and those that are collectively evaluated for impairment, was as follows (in thousands): June 26, 2016 Retail Wholesale Total Allowance for credit losses, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 152,998 8,355 161,353 Total allowance for credit losses $ 152,998 $ 8,355 $ 161,353 Finance receivables, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 6,020,750 1,422,648 7,443,398 Total finance receivables $ 6,020,750 $ 1,422,648 $ 7,443,398 December 31, 2015 Retail Wholesale Total Allowance for credit losses, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 139,320 7,858 147,178 Total allowance for credit losses $ 139,320 $ 7,858 $ 147,178 Finance receivables, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 5,991,471 1,023,860 7,015,331 Total finance receivables $ 5,991,471 $ 1,023,860 $ 7,015,331 June 28, 2015 Retail Wholesale Total Allowance for credit losses, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 131,903 7,328 139,231 Total allowance for credit losses $ 131,903 $ 7,328 $ 139,231 Finance receivables, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 5,962,685 1,325,041 7,287,726 Total finance receivables $ 5,962,685 $ 1,325,041 $ 7,287,726 Changes in the allowance for credit losses on finance receivables by portfolio were as follows (in thousands): Three months ended June 26, 2016 Retail Wholesale Total Balance, beginning of period $ 146,727 $ 9,457 $ 156,184 Provision for credit losses 24,563 (1,102 ) 23,461 Charge-offs (26,460 ) — (26,460 ) Recoveries 11,459 — 11,459 Other (a) (3,291 ) — (3,291 ) Balance, end of period $ 152,998 $ 8,355 $ 161,353 Three months ended June 28, 2015 Retail Wholesale Total Balance, beginning of period $ 123,777 $ 9,043 $ 132,820 Provision for credit losses 16,890 (1,715 ) 15,175 Charge-offs (21,003 ) — (21,003 ) Recoveries 12,239 — 12,239 Balance, end of period $ 131,903 $ 7,328 $ 139,231 Six months ended June 26, 2016 Retail Wholesale Total Balance, beginning of period $ 139,320 $ 7,858 $ 147,178 Provision for credit losses 60,087 497 60,584 Charge-offs (66,104 ) — (66,104 ) Recoveries 22,986 — 22,986 Other (a) (3,291 ) — (3,291 ) Balance, end of period $ 152,998 $ 8,355 $ 161,353 Six months ended June 28, 2015 Retail Wholesale Total Balance, beginning of period $ 122,025 $ 5,339 $ 127,364 Provision for credit losses 39,433 1,989 41,422 Charge-offs (53,736 ) — (53,736 ) Recoveries 24,181 — 24,181 Balance, end of period $ 131,903 $ 7,328 $ 139,231 (a) Related to the sale of finance receivables with a principal balance of $301.8 million through an off-balance sheet asset-backed securitization transaction (see Note 12 for additional information).
Aging of Past Due Finance Receivables Including Non-Accrual Status Finance Receivables	An analysis of the aging of past due finance receivables was as follows (in thousands): June 26, 2016 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Total Finance Receivables Retail $ 5,852,659 $ 108,192 $ 37,961 $ 21,938 $ 168,091 $ 6,020,750 Wholesale 1,421,846 457 153 192 802 1,422,648 Total $ 7,274,505 $ 108,649 $ 38,114 $ 22,130 $ 168,893 $ 7,443,398 December 31, 2015 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Total Finance Receivables Retail $ 5,796,003 $ 118,996 $ 43,680 $ 32,792 $ 195,468 $ 5,991,471 Wholesale 1,022,365 888 530 77 1,495 1,023,860 Total $ 6,818,368 $ 119,884 $ 44,210 $ 32,869 $ 196,963 $ 7,015,331 June 28, 2015 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Total Finance Receivables Retail $ 5,819,279 $ 96,982 $ 28,150 $ 18,274 $ 143,406 $ 5,962,685 Wholesale 1,324,174 513 181 173 867 1,325,041 Total $ 7,143,453 $ 97,495 $ 28,331 $ 18,447 $ 144,273 $ 7,287,726
Recorded Investment of Retail Finance Receivables by Credit Quality Indicator	The recorded investment in retail finance receivables, by credit quality indicator, was as follows (in thousands): June 26, 2016 December 31, 2015 June 28, 2015 Prime $ 4,756,479 $ 4,777,448 $ 4,718,363 Sub-prime 1,264,271 1,214,023 1,244,322 Total $ 6,020,750 $ 5,991,471 $ 5,962,685 The recorded investment in wholesale finance receivables, by internal credit quality indicator, was as follows (in thousands): June 26, 2016 December 31, 2015 June 28, 2015 Doubtful $ — $ 5,169 $ — Substandard 19,637 21,774 7,739 Special Mention 4,334 6,271 15,343 Medium Risk 6,350 11,494 3,245 Low Risk 1,392,327 979,152 1,298,714 Total $ 1,422,648 $ 1,023,860 $ 1,325,041

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 26, 2016
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured At Fair Value On A Recurring Basis	The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands): June 26, 2016 Balance Quoted Prices in Significant Significant Assets: Cash equivalents $ 549,426 $ 392,800 $ 156,626 $ — Marketable securities 42,721 37,651 5,070 — Derivatives 9,528 — 9,528 — $ 601,675 $ 430,451 $ 171,224 $ — Liabilities: Derivatives $ 1,605 $ — $ 1,605 $ — December 31, 2015 Balance Quoted Prices in Significant Significant Assets: Cash equivalents $ 555,910 $ 390,706 $ 165,204 $ — Marketable securities 81,448 36,256 45,192 — Derivatives 16,235 — 16,235 — $ 653,593 $ 426,962 $ 226,631 $ — Liabilities: Derivatives $ 1,300 $ — $ 1,300 $ — June 28, 2015 Balance Quoted Prices in Significant Significant Assets: Cash equivalents $ 1,030,928 $ 558,660 $ 472,268 $ — Marketable securities 90,214 37,698 52,516 — Derivatives 26,501 — 26,501 — $ 1,147,643 $ 596,358 $ 551,285 $ — Liabilities: Derivatives $ 986 $ — $ 986 $ —

Fair Value of Financial Instr32

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 26, 2016
Fair Value Disclosures [Abstract]
Summary of The Fair Value and Carrying Value of The Company's Financial Instruments	The following table summarizes the fair value and carrying value of the Company’s financial instruments (in thousands): June 26, 2016 December 31, 2015 June 28, 2015 Fair Value Carrying Value Fair Value Carrying Value Fair Value Carrying Value Assets: Cash and cash equivalents $ 864,670 $ 864,670 $ 722,209 $ 722,209 $ 1,247,579 $ 1,247,579 Marketable securities $ 42,721 $ 42,721 $ 81,448 $ 81,448 $ 90,214 $ 90,214 Derivatives $ 9,528 $ 9,528 $ 16,235 $ 16,235 $ 26,501 $ 26,501 Finance receivables, net $ 7,369,410 $ 7,282,045 $ 6,937,053 $ 6,868,153 $ 7,251,671 $ 7,148,495 Restricted cash $ 92,650 $ 92,650 $ 110,642 $ 110,642 $ 162,211 $ 162,211 Liabilities: Derivatives $ 1,605 $ 1,605 $ 1,300 $ 1,300 $ 986 $ 986 Unsecured commercial paper $ 1,020,487 $ 1,020,487 $ 1,201,380 $ 1,201,380 $ 114,983 $ 114,983 Asset-backed Canadian commercial paper conduit facility $ 161,626 $ 161,626 $ 153,839 $ 153,839 $ 160,940 $ 160,940 Medium-term notes $ 4,239,390 $ 4,063,297 $ 3,410,966 $ 3,316,949 $ 4,077,952 $ 3,923,638 Senior unsecured notes $ 808,227 $ 740,982 $ 737,435 $ 740,653 $ — $ — Term asset-backed securitization debt $ 1,080,416 $ 1,074,931 $ 1,455,776 $ 1,459,377 $ 2,016,232 $ 2,011,461

Derivative Instruments and He33

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 26, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instrument Fair Value	The following table summarizes the fair value of the Company’s derivative financial instruments (in thousands): June 26, 2016 December 31, 2015 June 28, 2015 Derivatives Designated As Hedging Instruments Under ASC Topic 815 Notional Value Asset Fair Value (a) Liability Fair Value (b) Notional Value Asset Fair Value (a) Liability Fair Value (b) Notional Value Asset Fair Value (a) Liability Fair Value (b) Foreign currency contracts (c) $ 542,788 $ 9,423 $ 1,358 $ 436,352 $ 16,167 $ 181 $ 367,309 $ 23,136 $ — Commodity contracts (c) 861 88 — 968 — 159 1,166 — 98 Treasury rate locks (c) — — — — — — 300,000 3,365 — Total $ 543,649 $ 9,511 $ 1,358 $ 437,320 $ 16,167 $ 340 $ 668,475 $ 26,501 $ 98 June 26, 2016 December 31, 2015 June 28, 2015 Derivatives Not Designated As Hedging Instruments Under ASC Topic 815 Notional Value Asset Fair Value (a) Liability Fair Value (b) Notional Value Asset Fair Value (a) Liability Fair Value (b) Notional Value Asset Fair Value (a) Liability Fair Value (b) Commodity contracts $ 4,298 $ 17 $ 247 $ 6,510 $ 68 $ 960 $ 8,218 $ — $ 888 $ 4,298 $ 17 $ 247 $ 6,510 $ 68 $ 960 $ 8,218 $ — $ 888 (a) Included in other current assets (b) Included in accrued liabilities (c) Derivative designated as a cash flow hedge
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following tables summarize the amount of gains and losses related to derivative financial instruments designated as cash flow hedges (in thousands): Amount of Gain/(Loss) Recognized in OCI, before tax Three months ended Six months ended Cash Flow Hedges June 26, June 28, June 26, June 28, Foreign currency contracts $ 8,017 $ (4,458 ) $ (4,507 ) $ 28,210 Commodity contracts 119 (3 ) (73 ) (123 ) Treasury rate locks — 3,365 — 3,365 Total $ 8,136 $ (1,096 ) $ (4,580 ) $ 31,452 Amount of Gain/(Loss) Reclassified from AOCL into Income Three months ended Six months ended Expected to be Reclassified Cash Flow Hedges June 26, June 28, June 26, June 28, Over the Next Twelve Months Foreign currency contracts (a) $ 3,551 $ 20,131 $ 4,407 $ 35,407 $ 7,824 Commodity contracts (a) (104 ) (125 ) (319 ) (439 ) 88 Treasury rate locks (b) (90 ) — (181 ) — (362 ) Total $ 3,357 $ 20,006 $ 3,907 $ 34,968 $ 7,550 (a) Gain/(loss) reclassified from accumulated other comprehensive loss (AOCL) to income is included in cost of goods sold (b) Gain/(loss) reclassified from accumulated other comprehensive loss (AOCL) to income is included in interest expense
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following tables summarize the amount of gains and losses related to derivative financial instruments not designated as hedging instruments (in thousands): Amount of Gain/(Loss) Recognized in Income on Derivative Three months ended Six months ended Derivatives Not Designated As Hedges June 26, June 28, June 26, June 28, Commodity contracts (a) $ 67 $ 14 $ (224 ) $ (526 ) Total $ 67 $ 14 $ (224 ) $ (526 ) (a) Gain/(loss) recognized in income is included in cost of goods sold.

Accumulated Other Comprehensi34

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 26, 2016
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The following tables set forth the changes in accumulated other comprehensive loss (AOCL) (in thousands): Three months ended June 26, 2016 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (46,151 ) $ (1,139 ) $ (2,466 ) $ (553,582 ) $ (603,338 ) Other comprehensive income (loss) before reclassifications 2,516 (51 ) 8,136 — 10,601 Income tax 112 19 (3,014 ) — (2,883 ) Net other comprehensive income (loss) before reclassifications 2,628 (32 ) 5,122 — 7,718 Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (3,551 ) — (3,551 ) Realized (gains) losses - commodities contracts (a) — — 104 — 104 Realized (gains) losses - treasury rate lock (c) — — 90 — 90 Prior service credits (b) — — — (446 ) (446 ) Actuarial losses (b) — — — 12,472 12,472 Total reclassifications before tax — — (3,357 ) 12,026 8,669 Income tax expense (benefit) — — 1,244 (4,454 ) (3,210 ) Net reclassifications — — (2,113 ) 7,572 5,459 Other comprehensive income (loss) 2,628 (32 ) 3,009 7,572 13,177 Balance, end of period $ (43,523 ) $ (1,171 ) $ 543 $ (546,010 ) $ (590,161 ) Three months ended June 28, 2015 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (30,503 ) $ (767 ) $ 30,114 $ (521,005 ) $ (522,161 ) Other comprehensive income (loss) before reclassifications 5,040 (204 ) (1,096 ) — 3,740 Income tax (789 ) 76 406 — (307 ) Net other comprehensive income (loss) before reclassifications 4,251 (128 ) (690 ) — 3,433 Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (20,131 ) — (20,131 ) Realized (gains) losses - commodities contracts (a) — — 125 — 125 Prior service credits (b) — — — (695 ) (695 ) Actuarial losses (b) — — — 14,670 14,670 Total reclassifications before tax — — (20,006 ) 13,975 (6,031 ) Income tax expense (benefit) — — 7,410 (5,177 ) 2,233 Net reclassifications — — (12,596 ) 8,798 (3,798 ) Other comprehensive income (loss) 4,251 (128 ) (13,286 ) 8,798 (365 ) Balance, end of period $ (26,252 ) $ (895 ) $ 16,828 $ (512,207 ) $ (522,526 ) Six months ended June 26, 2016 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (58,844 ) $ (1,094 ) $ 5,886 $ (561,153 ) $ (615,205 ) Other comprehensive income (loss) before reclassifications 17,087 (122 ) (4,580 ) — 12,385 Income tax (1,766 ) 45 1,696 — (25 ) Net other comprehensive income (loss) before reclassifications 15,321 (77 ) (2,884 ) — 12,360 Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (4,407 ) — (4,407 ) Realized (gains) losses - commodities contracts (a) — — 319 — 319 Realized (gains) losses - treasury rate lock (c) — — 181 — 181 Prior service credits (b) — — — (892 ) (892 ) Actuarial losses (b) — — — 24,944 24,944 Total reclassifications before tax — — (3,907 ) 24,052 20,145 Income tax expense (benefit) — — 1,448 (8,909 ) (7,461 ) Net reclassifications — — (2,459 ) 15,143 12,684 Other comprehensive income (loss) 15,321 (77 ) (5,343 ) 15,143 25,044 Balance, end of period $ (43,523 ) $ (1,171 ) $ 543 $ (546,010 ) $ (590,161 ) Six months ended June 28, 2015 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (3,482 ) $ (700 ) $ 19,042 $ (529,803 ) $ (514,943 ) Other comprehensive (loss) income before reclassifications (24,951 ) (310 ) 31,452 — 6,191 Income tax 2,181 115 (11,650 ) — (9,354 ) Net other comprehensive (loss) income before reclassifications (22,770 ) (195 ) 19,802 — (3,163 ) Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (35,407 ) — (35,407 ) Realized (gains) losses - commodities contracts (a) — — 439 — 439 Prior service credits (b) — — — (1,390 ) (1,390 ) Actuarial losses (b) — — — 29,340 29,340 Total reclassifications before tax — — (34,968 ) 27,950 (7,018 ) Income tax expense (benefit) — — 12,952 (10,354 ) 2,598 Net reclassifications — — (22,016 ) 17,596 (4,420 ) Other comprehensive (loss) income (22,770 ) (195 ) (2,214 ) 17,596 (7,583 ) Balance, end of period $ (26,252 ) $ (895 ) $ 16,828 $ (512,207 ) $ (522,526 ) (a) Amounts reclassified to net income are included in Motorcycles and Related Products cost of goods sold. (b) Amounts reclassified are included in the computation of net periodic period cost. See Note 16 for information related to pension and postretirement benefit plans. (c) Amounts reclassified to net income are included in interest expense.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 26, 2016
Debt Disclosure [Abstract]
Schedule of Short-term Debt	Debt with a contractual term less than one year is generally classified as short-term debt and consisted of the following (in thousands): June 26, December 31, June 28, Unsecured commercial paper $ 1,020,487 $ 1,201,380 $ 114,983 Total short-term debt $ 1,020,487 $ 1,201,380 $ 114,983
Schedule of Long-term Debt Instruments	Debt with a contractual term greater than one year is generally classified as long-term debt and consisted of the following (in thousands): June 26, December 31, June 28, Secured debt Asset-backed Canadian commercial paper conduit facility $ 161,626 $ 153,839 $ 160,940 Term asset-backed securitization debt 1,077,317 1,463,154 2,017,079 Less: unamortized discount and debt issuance costs (2,386 ) (3,777 ) (5,618 ) Total secured debt 1,236,557 1,613,216 2,172,401 Unsecured notes 1.15% Medium-term notes due in 2015 par value — — 600,000 3.88% Medium-term notes due in 2016 par value — 450,000 450,000 2.70% Medium-term notes due in 2017 par value 400,000 400,000 400,000 1.55% Medium-term notes due in 2017 par value 400,000 400,000 400,000 6.80% Medium-term notes due in 2018 par value 878,708 878,708 887,958 2.40% Medium-term notes due in 2019 par value 600,000 600,000 600,000 2.25% Medium-term notes due in 2019 par value 600,000 — — 2.15% Medium-term notes due in 2020 par value 600,000 600,000 600,000 2.85% Medium-term notes due in 2021 par value 600,000 — — 3.50% Senior unsecured notes due in 2025 par value 450,000 450,000 — 4.625% Senior unsecured notes due in 2045 par value 300,000 300,000 — Less: unamortized discount and debt issuance costs (24,429 ) (21,106 ) (14,320 ) Gross long-term debt 6,040,836 5,670,818 6,096,039 Less: current portion of long-term debt, net of unamortized discount and issuance costs (732,773 ) (838,349 ) (1,544,956 ) Total long-term debt $ 5,308,063 $ 4,832,469 $ 4,551,083

Asset-Backed Financing (Tables)

Asset-Backed Financing (Tables)	6 Months Ended
	Jun. 26, 2016
Transfers and Servicing [Abstract]
Assets and Liabilities Related to the On-Balance Sheet Financing	The following table shows the assets and liabilities related to the on-balance sheet asset-backed financings included in the financial statements (in thousands): June 26, 2016 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt On-balance sheet assets and liabilities Consolidated VIEs Term asset-backed securitizations $ 1,173,527 $ (30,431 ) $ 79,475 $ 2,825 $ 1,225,396 $ 1,074,931 Asset-backed U.S. commercial paper conduit facility — — — 222 222 — Unconsolidated VIEs Asset-backed Canadian commercial paper conduit facility 177,360 (3,620 ) 13,175 332 187,247 161,626 Total on-balance sheet assets and liabilities $ 1,350,887 $ (34,051 ) $ 92,650 $ 3,379 $ 1,412,865 $ 1,236,557 December 31, 2015 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt On-balance sheet assets and liabilities Consolidated VIEs Term asset-backed securitizations $ 1,611,624 $ (37,937 ) $ 100,151 $ 4,383 $ 1,678,221 $ 1,459,377 Asset-backed U.S. commercial paper conduit facility — — — 323 323 — Unconsolidated VIEs Asset-backed Canadian commercial paper conduit facility 170,708 (3,061 ) 10,491 393 178,531 153,839 Total on-balance sheet assets and liabilities $ 1,782,332 $ (40,998 ) $ 110,642 $ 5,099 $ 1,857,075 $ 1,613,216 June 28, 2015 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt On-balance sheet assets and liabilities Consolidated VIEs Term asset-backed securitizations $ 2,199,018 $ (49,400 ) $ 149,418 $ 2,857 $ 2,301,893 $ 2,011,461 Asset-backed U.S. commercial paper conduit facility — — — 210 210 — Unconsolidated VIEs Asset-backed Canadian commercial paper conduit facility 176,730 (2,657 ) 12,793 340 187,206 160,940 Total on-balance sheet assets and liabilities $ 2,375,748 $ (52,057 ) $ 162,211 $ 3,407 $ 2,489,309 $ 2,172,401
Transfers of Canadian Retail Motorcycle Finance Receivable	The following table includes quarterly transfers of Canadian retail motorcycle finance receivables to the Canadian Conduit and the respective proceeds (in thousands): 2016 2015 Transfers Proceeds Transfers Proceeds First quarter $ 6,600 $ 5,800 $ 19,200 $ 16,800 Second quarter $ 31,400 $ 27,500 $ 26,800 $ 23,400
Schedule of Servicing Activities	The current unpaid principal balance of serviced retail motorcycle finance receivables was as follows (in thousands): June 26, December 31, June 28, On-balance sheet retail motorcycle finance receivables $ 5,872,668 $ 5,843,352 $ 5,799,682 Off-balance sheet retail motorcycle finance receivables 292,176 — — Total serviced retail motorcycle finance receivables $ 6,164,844 $ 5,843,352 $ 5,799,682 The balance of serviced finance receivables 30 days or more delinquent was as follows (in thousands): Amount 30 days or more past due: June 26, December 31, June 28, On-balance sheet retail motorcycle finance receivables $ 168,091 $ 195,468 $ 143,406 Off-balance sheet retail motorcycle finance receivables 460 — — Total serviced retail motorcycle finance receivables $ 168,551 $ 195,468 $ 143,406 Credit losses, net of recoveries for the serviced finance receivables were as follows (in thousands): Three months ended Six months ended June 26, June 28, June 26, June 28, On-balance sheet retail motorcycle finance receivables $ 15,001 $ 8,764 $ 43,118 $ 29,555 Off-balance sheet retail motorcycle finance receivables 15 — 15 — Total serviced retail motorcycle finance receivables $ 15,016 $ 8,764 $ 43,133 $ 29,555

Product Warranty and Safety R37

Product Warranty and Safety Recall Campaigns (Tables)	6 Months Ended
	Jun. 26, 2016
Product Warranties Disclosures [Abstract]
Warranty and Safety Recall Liability	Changes in the Company’s warranty and recall liability were as follows (in thousands): Three months ended Six months ended June 26, June 28, June 26, June 28, Balance, beginning of period $ 74,836 $ 71,073 $ 74,217 $ 69,250 Warranties issued during the period 20,202 21,843 38,214 36,954 Settlements made during the period (22,679 ) (23,554 ) (40,842 ) (37,119 ) Recalls and changes to pre-existing warranty liabilities 10,121 14,054 10,891 14,331 Balance, end of period $ 82,480 $ 83,416 $ 82,480 $ 83,416

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 26, 2016
Earnings Per Share [Abstract]
Reconciliation of Earnings Per Share Basic and Diluted	The following table sets forth the computation for basic and diluted earnings per share (in thousands, except per share amounts): Three months ended Six months ended June 26, June 28, June 26, June 28, Numerator : Net income used in computing basic and diluted earnings per share $ 280,431 $ 299,810 $ 530,920 $ 569,664 Denominator : Denominator for basic earnings per share - weighted-average common shares 180,587 207,650 181,976 209,115 Effect of dilutive securities - employee stock compensation plan 752 940 764 1,050 Denominator for diluted earnings per share - adjusted weighted-average shares outstanding 181,339 208,590 182,740 210,165 Earnings per common share: Basic $ 1.55 $ 1.44 $ 2.92 $ 2.72 Diluted $ 1.55 $ 1.44 $ 2.91 $ 2.71

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 26, 2016
Compensation and Retirement Disclosure [Abstract]
Components of Net Periodic Benefit Costs	Components of net periodic benefit costs were as follows (in thousands): Three months ended Six months ended June 26, June 28, June 26, June 28, Pension and SERPA Benefits Service cost $ 8,359 $ 10,010 $ 16,718 $ 20,020 Interest cost 22,707 21,836 45,414 43,672 Expected return on plan assets (36,445 ) (36,232 ) (72,890 ) (72,465 ) Amortization of unrecognized: Prior service cost 255 109 510 218 Net loss 11,588 13,677 23,176 27,354 Settlement loss 300 — 600 — Net periodic benefit cost $ 6,764 $ 9,400 $ 13,528 $ 18,799 Postretirement Healthcare Benefits Service cost $ 1,870 $ 2,065 $ 3,740 $ 4,130 Interest cost 3,704 3,541 7,408 7,082 Expected return on plan assets (3,017 ) (2,877 ) (6,034 ) (5,754 ) Amortization of unrecognized: Prior service credit (701 ) (804 ) (1,402 ) (1,608 ) Net loss 884 993 1,768 1,986 Net periodic benefit cost $ 2,740 $ 2,918 $ 5,480 $ 5,836

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 26, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Selected segment information is set forth below (in thousands): Three months ended Six months ended June 26, June 28, June 26, June 28, Motorcycles net revenue $ 1,670,113 $ 1,650,783 $ 3,246,723 $ 3,161,353 Gross profit 607,558 647,214 1,197,838 1,237,489 Selling, administrative and engineering expense 284,809 266,611 542,632 511,432 Operating income from Motorcycles 322,749 380,603 655,206 726,057 Financial Services revenue 190,964 173,609 364,322 335,984 Financial Services expense 101,391 91,696 218,378 189,407 Operating income from Financial Services 89,573 81,913 145,944 146,577 Operating income $ 412,322 $ 462,516 $ 801,150 $ 872,634

Supplemental Consolidating Da41

Supplemental Consolidating Data (Tables)	6 Months Ended
	Jun. 26, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operations	Three months ended June 26, 2016 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 1,673,379 $ — $ (3,266 ) $ 1,670,113 Financial Services — 191,935 (971 ) 190,964 Total revenue 1,673,379 191,935 (4,237 ) 1,861,077 Costs and expenses: Motorcycles and Related Products cost of goods sold 1,062,555 — — 1,062,555 Financial Services interest expense — 42,895 — 42,895 Financial Services provision for credit losses — 23,461 — 23,461 Selling, administrative and engineering expense 285,367 38,301 (3,824 ) 319,844 Total costs and expenses 1,347,922 104,657 (3,824 ) 1,448,755 Operating income 325,457 87,278 (413 ) 412,322 Investment income 43,688 — (43,000 ) 688 Interest expense 7,094 — — 7,094 Income before provision for income taxes 362,051 87,278 (43,413 ) 405,916 Provision for income taxes 93,788 31,697 — 125,485 Net income $ 268,263 $ 55,581 $ (43,413 ) $ 280,431 Six months ended June 26, 2016 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 3,252,018 $ — $ (5,295 ) $ 3,246,723 Financial Services — 365,456 (1,134 ) 364,322 Total revenue 3,252,018 365,456 (6,429 ) 3,611,045 Costs and expenses: Motorcycles and Related Products cost of goods sold 2,048,885 — — 2,048,885 Financial Services interest expense — 88,814 — 88,814 Financial Services provision for credit losses — 60,584 — 60,584 Selling, administrative and engineering expense 543,598 74,275 (6,261 ) 611,612 Total costs and expenses 2,592,483 223,673 (6,261 ) 2,809,895 Operating income 659,535 141,783 (168 ) 801,150 Investment income 184,454 — (183,000 ) 1,454 Interest expense 14,262 — — 14,262 Income before provision for income taxes 829,727 141,783 (183,168 ) 788,342 Provision for income taxes 204,361 53,061 — 257,422 Net income $ 625,366 $ 88,722 $ (183,168 ) $ 530,920 Three months ended June 28, 2015 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 1,653,759 $ — $ (2,976 ) $ 1,650,783 Financial Services — 174,147 (538 ) 173,609 Total revenue 1,653,759 174,147 (3,514 ) 1,824,392 Costs and expenses: Motorcycles and Related Products cost of goods sold 1,003,569 — — 1,003,569 Financial Services interest expense — 41,188 — 41,188 Financial Services provision for credit losses — 15,175 — 15,175 Selling, administrative and engineering expense 267,149 38,309 (3,514 ) 301,944 Total costs and expenses 1,270,718 94,672 (3,514 ) 1,361,876 Operating income 383,041 79,475 — 462,516 Investment income 1,450 — — 1,450 Interest expense 9 — — 9 Income before provision for income taxes 384,482 79,475 — 463,957 Provision for income taxes 134,633 29,514 — 164,147 Net income $ 249,849 $ 49,961 $ — $ 299,810 Six months ended June 28, 2015 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 3,166,641 $ — $ (5,288 ) $ 3,161,353 Financial Services — 336,837 (853 ) 335,984 Total revenue 3,166,641 336,837 (6,141 ) 3,497,337 Costs and expenses: Motorcycles and Related Products cost of goods sold 1,923,864 — — 1,923,864 Financial Services interest expense — 79,724 — 79,724 Financial Services provision for credit losses — 41,422 — 41,422 Selling, administrative and engineering expense 512,284 73,550 (6,141 ) 579,693 Total costs and expenses 2,436,148 194,696 (6,141 ) 2,624,703 Operating income 730,493 142,141 — 872,634 Investment income 102,772 — (100,000 ) 2,772 Interest expense 18 — — 18 Income before provision for income taxes 833,247 142,141 (100,000 ) 875,388 Provision for income taxes 256,149 49,575 — 305,724 Net income $ 577,098 $ 92,566 $ (100,000 ) $ 569,664
Balance Sheet	June 26, 2016 HDMC Entities HDFS Entities Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 445,662 $ 419,008 $ — $ 864,670 Marketable securities 5,070 — — 5,070 Accounts receivable, net 816,439 — (504,483 ) 311,956 Finance receivables, net — 2,457,974 — 2,457,974 Inventories 371,196 — — 371,196 Restricted cash — 78,078 — 78,078 Deferred income taxes 60,497 55,717 — 116,214 Other current assets 124,923 38,203 (9,260 ) 153,866 Total current assets 1,823,787 3,048,980 (513,743 ) 4,359,024 Finance receivables, net — 4,824,071 — 4,824,071 Property, plant and equipment, net 916,388 34,921 — 951,309 Goodwill 54,542 — — 54,542 Deferred income taxes 76,194 8,555 (1,702 ) 83,047 Other long-term assets 133,540 24,744 (81,837 ) 76,447 $ 3,004,451 $ 7,941,271 $ (597,282 ) $ 10,348,440 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 239,380 $ 538,799 $ (504,483 ) $ 273,696 Accrued liabilities 397,645 97,150 (8,984 ) 485,811 Short-term debt — 1,020,487 — 1,020,487 Current portion of long-term debt, net — 732,773 — 732,773 Total current liabilities 637,025 2,389,209 (513,467 ) 2,512,767 Long-term debt, net 740,982 4,567,081 — 5,308,063 Pension liability 129,465 — — 129,465 Postretirement healthcare benefits 188,846 — — 188,846 Other long-term liabilities 157,835 27,621 2,836 188,292 Shareholders’ equity 1,150,298 957,360 (86,651 ) 2,021,007 $ 3,004,451 $ 7,941,271 $ (597,282 ) $ 10,348,440 December 31, 2015 HDMC Entities HDFS Entities Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 400,443 $ 321,766 $ — $ 722,209 Marketable securities 45,192 — — 45,192 Accounts receivable, net 390,799 — (143,394 ) 247,405 Finance receivables, net — 2,053,582 — 2,053,582 Inventories 585,907 — — 585,907 Restricted cash — 88,267 — 88,267 Deferred income taxes 56,319 46,450 — 102,769 Other current assets 90,824 43,807 (2,079 ) 132,552 Total current assets 1,569,484 2,553,872 (145,473 ) 3,977,883 Finance receivables, net — 4,814,571 — 4,814,571 Property, plant and equipment, net 906,972 35,446 — 942,418 Goodwill 54,182 — — 54,182 Deferred income taxes 86,075 15,681 (2,142 ) 99,614 Other long-term assets 133,753 31,158 (80,602 ) 84,309 $ 2,750,466 $ 7,450,728 $ (228,217 ) $ 9,972,977 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 220,050 $ 158,958 $ (143,394 ) $ 235,614 Accrued liabilities 387,137 89,048 (4,221 ) 471,964 Short-term debt — 1,201,380 — 1,201,380 Current portion of long-term debt — 838,349 — 838,349 Total current liabilities 607,187 2,287,735 (147,615 ) 2,747,307 Long-term debt 740,653 4,091,816 — 4,832,469 Pension liability 164,888 — — 164,888 Postretirement healthcare benefits 193,659 — — 193,659 Other long-term liabilities 166,440 28,560 — 195,000 Shareholders’ equity 877,639 1,042,617 (80,602 ) 1,839,654 $ 2,750,466 $ 7,450,728 $ (228,217 ) $ 9,972,977 June 28, 2015 HDMC Entities HDFS Entities Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 828,289 $ 419,290 $ — $ 1,247,579 Marketable securities 52,516 — — 52,516 Accounts receivable, net 743,341 — (465,772 ) 277,569 Finance receivables, net — 2,331,723 — 2,331,723 Inventories 395,044 — — 395,044 Restricted cash — 136,760 — 136,760 Deferred income taxes 51,667 43,111 — 94,778 Other current assets 126,856 34,029 (6,876 ) 154,009 Total current assets 2,197,713 2,964,913 (472,648 ) 4,689,978 Finance receivables, net — 4,816,772 — 4,816,772 Property, plant and equipment, net 841,361 31,646 — 873,007 Goodwill 26,105 — — 26,105 Deferred income taxes 57,587 10,861 (1,693 ) 66,755 Other long-term assets 121,264 34,576 (79,263 ) 76,577 $ 3,244,030 $ 7,858,768 $ (553,604 ) $ 10,549,194 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 306,335 $ 567,073 $ (465,772 ) $ 407,636 Accrued liabilities 369,467 87,839 (8,569 ) 448,737 Short-term debt — 114,983 — 114,983 Current portion of long-term debt — 1,544,956 — 1,544,956 Total current liabilities 675,802 2,314,851 (474,341 ) 2,516,312 Long-term debt — 4,551,083 — 4,551,083 Pension liability 66,786 — — 66,786 Postretirement healthcare liability 196,369 — — 196,369 Other long-term liabilities 168,043 26,974 — 195,017 Shareholders’ equity 2,137,030 965,860 (79,263 ) 3,023,627 $ 3,244,030 $ 7,858,768 $ (553,604 ) $ 10,549,194
Cash Flows	Six months ended June 26, 2016 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from operating activities: Net income $ 625,366 $ 88,722 $ (183,168 ) $ 530,920 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization of intangibles 97,025 3,931 — 100,956 Amortization of deferred loan origination costs — 43,555 — 43,555 Amortization of financing origination fees 330 4,816 — 5,146 Provision for employee long-term benefits 18,405 — — 18,405 Employee benefit plan contributions and payments (35,189 ) — — (35,189 ) Stock compensation expense 14,562 1,235 — 15,797 Net change in wholesale finance receivables related to sales — — (442,254 ) (442,254 ) Provision for credit losses — 60,584 — 60,584 Gain on off-balance sheet securitization — (9,269 ) — (9,269 ) Pension plan settlement expense 600 — — 600 Deferred income taxes 798 (3,906 ) (440 ) (3,548 ) Foreign currency adjustments (7,966 ) — — (7,966 ) Other, net (12,539 ) (171 ) 168 (12,542 ) Change in current assets and current liabilities: Accounts receivable, net (416,198 ) — 361,089 (55,109 ) Finance receivables—accrued interest and other — (125 ) — (125 ) Inventories 225,586 — — 225,586 Accounts payable and accrued liabilities 23,420 385,992 (355,622 ) 53,790 Derivative instruments (1,474 ) — — (1,474 ) Other (33,237 ) 1,664 — (31,573 ) Total adjustments (125,877 ) 488,306 (437,059 ) (74,630 ) Net cash provided by operating activities 499,489 577,028 (620,227 ) 456,290 Six months ended June 26, 2016 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from investing activities: Capital expenditures (104,125 ) (3,406 ) — (107,531 ) Origination of finance receivables — (4,507,717 ) 2,516,333 (1,991,384 ) Collections of finance receivables — 3,709,319 (2,079,106 ) 1,630,213 Proceeds from finance receivables sold — 312,571 — 312,571 Sales and redemptions of marketable securities 40,000 — — 40,000 Other 166 — — 166 Net cash used by investing activities (63,959 ) (489,233 ) 437,227 (115,965 ) Cash flows from financing activities: Proceeds from issuance of medium-term notes — 1,193,396 — 1,193,396 Repayments of medium-term notes — (450,000 ) — (450,000 ) Repayments of securitization debt — (385,837 ) — (385,837 ) Net decrease in credit facilities and unsecured commercial paper — (181,259 ) — (181,259 ) Borrowings of asset-backed commercial paper — 33,428 — 33,428 Repayments of asset-backed commercial paper — (34,989 ) — (34,989 ) Net change in restricted cash — 17,992 — 17,992 Dividends paid (127,800 ) (183,000 ) 183,000 (127,800 ) Purchase of common stock for treasury (269,411 ) — — (269,411 ) Excess tax benefits from share-based payments 331 — — 331 Issuance of common stock under employee stock option plans 2,367 — — 2,367 Net cash (used by) provided by financing activities (394,513 ) 9,731 183,000 (201,782 ) Effect of exchange rate changes on cash and cash equivalents 4,202 (284 ) — 3,918 Net increase in cash and cash equivalents $ 45,219 $ 97,242 $ — $ 142,461 Cash and cash equivalents: Cash and cash equivalents—beginning of period $ 400,443 $ 321,766 $ — $ 722,209 Net increase in cash and cash equivalents 45,219 97,242 — 142,461 Cash and cash equivalents—end of period $ 445,662 $ 419,008 $ — $ 864,670 Six months ended June 28, 2015 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from operating activities: Net income $ 577,098 $ 92,566 $ (100,000 ) $ 569,664 Adjustments to reconcile net income to cash provided by operating activities: Depreciation and amortization of intangibles 88,996 4,644 — 93,640 Amortization of deferred loan origination costs — 47,524 — 47,524 Amortization of financing origination fees — 4,820 — 4,820 Provision for employee long-term benefits 24,635 — — 24,635 Employee benefit plan contributions and payments (12,725 ) — — (12,725 ) Stock compensation expense 15,415 1,319 — 16,734 Net change in wholesale finance receivables related to sales — — (418,969 ) (418,969 ) Provision for credit losses — 41,422 — 41,422 Deferred income taxes 5,832 (7,027 ) — (1,195 ) Foreign currency adjustments 11,041 — — 11,041 Other, net (2,671 ) 707 — (1,964 ) Change in current assets and current liabilities: Accounts receivable, net (347,967 ) — 304,658 (43,309 ) Finance receivables—accrued interest and other — (270 ) — (270 ) Inventories 38,012 — — 38,012 Accounts payable and accrued liabilities 144,784 385,999 (298,426 ) 232,357 Derivative instruments 1,185 — — 1,185 Other 9,625 1,717 — 11,342 Total adjustments (23,838 ) 480,855 (412,737 ) 44,280 Net cash provided by operating activities 553,260 573,421 (512,737 ) 613,944 Six months ended June 28, 2015 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from investing activities: Capital expenditures (83,282 ) (1,898 ) — (85,180 ) Origination of finance receivables — (4,526,313 ) 2,549,750 (1,976,563 ) Collections of finance receivables — 3,707,444 (2,137,013 ) 1,570,431 Sales and redemptions of marketable securities 4,500 — — 4,500 Other 5,111 — — 5,111 Net cash used by investing activities (73,671 ) (820,767 ) 412,737 (481,701 ) Cash flows from financing activities: Proceeds from issuance of medium-term notes — 595,386 — 595,386 Intercompany borrowing activity 250,000 (250,000 ) — — Proceeds from securitization debt — 1,195,668 — 1,195,668 Repayments of securitization debt — (454,332 ) — (454,332 ) Net decrease in credit facilities and unsecured commercial paper — (616,586 ) — (616,586 ) Borrowings of asset-backed commercial paper — 40,209 — 40,209 Repayments of asset-backed commercial paper — (35,730 ) — (35,730 ) Net change in restricted cash — (40,159 ) — (40,159 ) Dividends paid (129,745 ) (100,000 ) 100,000 (129,745 ) Purchase of common stock for treasury (358,425 ) — — (358,425 ) Excess tax benefits from share-based payments 2,401 — — 2,401 Issuance of common stock under employee stock option plans 15,664 — — 15,664 Net cash (used by) provided by financing activities (220,105 ) 334,456 100,000 214,351 Effect of exchange rate changes on cash and cash equivalents (5,090 ) (605 ) — (5,695 ) Net increase in cash and cash equivalents $ 254,394 $ 86,505 $ — $ 340,899 Cash and cash equivalents: Cash and cash equivalents—beginning of period $ 573,895 $ 332,785 $ — $ 906,680 Net increase in cash and cash equivalents 254,394 86,505 — 340,899 Cash and cash equivalents—end of period $ 828,289 $ 419,290 $ — $ 1,247,579

Basis of Presentation and Use42

Basis of Presentation and Use of Estimates (Narrative) (Detail)	6 Months Ended
	Jun. 26, 2016segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

New Accounting Standards (Debt

New Accounting Standards (Debt Issuance Cost) (Detail) - Accounting Standards Update 2015-03 - USD ($) $ in Millions	Dec. 31, 2015	Jun. 28, 2015
Long-term Debt, Net, Current Portion and Long-term Debt, Net
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt issuance costs	$ 18.2	$ 15.7
Other Current Assets and Other Long-term Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt issuance costs	$ (18.2)	$ (15.7)

Additional Balance Sheet and 44

Additional Balance Sheet and Cash Flow Information (Narrative) (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Gross unrealized gains (losses)	$ (122)	$ (310)
Gross unrealized gains (losses), net of taxes	$ (77)	$ (195)
Contractual maturities period of marketable securities (in months)	10 months

Additional Balance Sheet and 45

Additional Balance Sheet and Cash Flow Information (Marketable Securities) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Available-for-sale: Corporate bonds	$ 5,070	$ 45,192	$ 52,516
Trading securities: Mutual funds	37,651	36,256	37,698
Marketable Securities	$ 42,721	$ 81,448	$ 90,214

Additional Balance Sheet and 46

Additional Balance Sheet and Cash Flow Information (Inventories, Net) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Inventory [Line Items]
Raw materials and work in process	$ 134,702	$ 161,704	$ 137,151
Inventory at lower of FIFO cost or market	420,464	635,175	444,946
Excess of FIFO over LIFO cost	(49,268)	(49,268)	(49,902)
Inventories, net	371,196	585,907	395,044
Motorcycles
Inventory [Line Items]
Finished goods	152,035	327,952	186,326
Parts and Accessories and General Merchandise
Inventory [Line Items]
Finished goods	$ 133,727	$ 145,519	$ 121,469

Additional Balance Sheet and 47

Additional Balance Sheet and Cash Flow Information (Reconciliation Of Net Income To Net Cash Used By Operating Activities) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Cash flows from operating activities:
Net income	$ 280,431	$ 299,810	$ 530,920	$ 569,664
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles			100,956	93,640
Amortization of deferred loan origination costs			43,555	47,524
Amortization of financing origination fees			5,146	4,820
Provision for employee long-term benefits			18,405	24,635
Employee benefit plan contributions and payments			(35,189)	(12,725)
Stock compensation expense			15,797	16,734
Net change in wholesale finance receivables related to sales			(442,254)	(418,969)
Provision for credit losses	$ 23,461	$ 15,175	60,584	41,422
Gain on off-balance sheet securitization			(9,269)	0
Pension plan settlement expense			600	0
Deferred income taxes			(3,548)	(1,195)
Foreign currency adjustments			(7,966)	11,041
Other, net			(12,542)	(1,964)
Changes in current assets and liabilities:
Accounts receivable, net			(55,109)	(43,309)
Finance receivables—accrued interest and other			(125)	(270)
Inventories			225,586	38,012
Accounts payable and accrued liabilities			53,790	232,357
Derivative instruments			(1,474)	1,185
Other			(31,573)	11,342
Total adjustments			(74,630)	44,280
Net cash provided by operating activities			$ 456,290	$ 613,944

Acquisition (Narrative) (Detail

Acquisition (Narrative) (Detail) - USD ($) $ in Thousands	Aug. 04, 2015	Sep. 27, 2015	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Business Acquisition [Line Items]
Goodwill			$ 54,542	$ 54,182	$ 26,105
Deeley Imports
Business Acquisition [Line Items]
Total consideration in business combination	$ 59,900
Goodwill	28,567
Goodwill expected to be tax deductible	28,600
Acquired finite-lived intangible assets	20,842
Acquisition, integration related costs		$ 3,300
Deeley Imports | Distribution Rights
Business Acquisition [Line Items]
Acquired finite-lived intangible assets	$ 13,300
Acquired finite-lived intangible assets, weighted average useful life (in years)	2 years
Deeley Imports | Customer Relationships
Business Acquisition [Line Items]
Acquired finite-lived intangible assets	$ 7,500
Acquired finite-lived intangible assets, weighted average useful life (in years)	20 years

Acquisition (Summary of Assets

Acquisition (Summary of Assets Acquired and Liabilities Assumed) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Aug. 04, 2015	Jun. 28, 2015
Business Acquisition [Line Items]
Goodwill	$ 54,542	$ 54,182		$ 26,105
Deeley Imports
Business Acquisition [Line Items]
Current assets			$ 11,088
Property, plant and equipment			144
Intangible assets			20,842
Goodwill			28,567
Total assets			60,641
Current liabilities			731
Net assets acquired			$ 59,910

Goodwill and Intangible Asset50

Goodwill and Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Goodwill [Roll Forward]
Goodwill, Beginning Balance			$ 54,182
Goodwill, Ending Balance	$ 54,542	$ 26,105	54,542	$ 26,105
Operating Segments | Motorcycles
Goodwill [Roll Forward]
Goodwill, Beginning Balance	54,585	25,632	54,182	27,752
Currency translations	(43)	473	360	(1,647)
Goodwill, Ending Balance	$ 54,542	$ 26,105	$ 54,542	$ 26,105

Goodwill and Intangible Asset51

Goodwill and Intangible Assets (Schedule of Intangible Assets) (Detail) - Operating Segments - Motorcycles - USD ($) $ in Thousands	6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 21,118		$ 19,730
Accumulated Amortization	(6,537)		(2,776)
Net	14,581		16,954
Reacquired Distribution Rights
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	13,501		12,614
Accumulated Amortization	(6,188)		(2,628)
Net	$ 7,313		9,986
Estimated useful life (years)	2 years	2 years
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 7,617		7,116
Accumulated Amortization	(349)		(148)
Net	$ 7,268		$ 6,968
Estimated useful life (years)	20 years	20 years

Goodwill and Intangible Asset52

Goodwill and Intangible Assets (Schedule of Finite-Lived Intangible Assets Future Amortization Expense) (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 26, 2016	Jun. 26, 2016	Mar. 27, 2016	Dec. 31, 2015	Jun. 28, 2015	Mar. 29, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization expense on intangible assets	$ 1,800,000	$ 3,500,000
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Goodwill	54,542,000	54,542,000		$ 54,182,000	$ 26,105,000
Operating Segments | Motorcycles
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2016 (remaining 6 months)	3,588,000	3,588,000
2,017	4,346,000	4,346,000
2,018	384,000	384,000
2,019	384,000	384,000
2,020	384,000	384,000
2,021	384,000	384,000
Thereafter	5,111,000	5,111,000
Net	14,581,000	14,581,000		16,954,000
Goodwill	54,542,000	54,542,000	$ 54,585,000	54,182,000	26,105,000	$ 25,632,000	$ 27,752,000
Operating Segments | Financial Services
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Net	0	0		0	0
Goodwill	$ 0	$ 0		$ 0	$ 0

Finance Receivables (Narrative)

Finance Receivables (Narrative) (Detail) - USD ($)	6 Months Ended
	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 0	$ 0	$ 0
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	0	0	0
Finance receivables, gross, 90 days or more past due and accruing interest	200,000	100,000	200,000
Wholesale receivables on non-accrual status	0	0	0
Retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 0	0	0
Threshold period past due to be charged-off	120 days
Finance receivables, gross, 90 days or more past due and accruing interest	$ 21,900,000	$ 32,800,000	$ 18,300,000

Finance Receivables (Finance Re

Finance Receivables (Finance Receivables) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Mar. 27, 2016	Dec. 31, 2015	Jun. 28, 2015	Mar. 29, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, gross	$ 7,443,398		$ 7,015,331	$ 7,287,726
Allowance for credit losses	(161,353)	$ (156,184)	(147,178)	(139,231)	$ (132,820)	$ (127,364)
Finance receivables, net	7,282,045		6,868,153	7,148,495
Retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, gross	6,020,750		5,991,471	5,962,685
Allowance for credit losses	(152,998)	(146,727)	(139,320)	(131,903)	(123,777)	(122,025)
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, gross	1,422,648		1,023,860	1,325,041
Allowance for credit losses	$ (8,355)	$ (9,457)	$ (7,858)	$ (7,328)	$ (9,043)	$ (5,339)

Finance Receivables (Changes In

Finance Receivables (Changes In Allowance For Credit Losses On Finance Receivables) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015	Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 156,184	$ 132,820	$ 147,178	$ 127,364
Provision for credit losses	23,461	15,175	60,584	41,422
Charge-offs	(26,460)	(21,003)	(66,104)	(53,736)
Recoveries	11,459	12,239	22,986	24,181
Other	(3,291)		(3,291)
Balance, end of period	161,353	139,231	161,353	139,231
Current unpaid balance - off-balance sheet retail motorcycle finance receivables	292,176	0	292,176	0	$ 0
Current unpaid balance - on-balance sheet retail motorcycle finance receivables	5,872,668	5,799,682	5,872,668	5,799,682	$ 5,843,352
Variable Interest Entity, Not Primary Beneficiary | Term asset-backed securitization debt
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Principal balance of finance receivable	301,800		301,800
Retail
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	146,727	123,777	139,320	122,025
Provision for credit losses	24,563	16,890	60,087	39,433
Charge-offs	(26,460)	(21,003)	(66,104)	(53,736)
Recoveries	11,459	12,239	22,986	24,181
Other	(3,291)		(3,291)
Balance, end of period	152,998	131,903	152,998	131,903
Wholesale
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	9,457	9,043	7,858	5,339
Provision for credit losses	(1,102)	(1,715)	497	1,989
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Other	0		0
Balance, end of period	$ 8,355	$ 7,328	$ 8,355	$ 7,328

Finance Receivables (Allowance

Finance Receivables (Allowance For Credit Losses And Finance Receivables By Portfolio Individually And Collectively Evaluated For Impairment) (Detail) - USD ($)	Jun. 26, 2016	Mar. 27, 2016	Dec. 31, 2015	Jun. 28, 2015	Mar. 29, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	$ 0		$ 0	$ 0
Collectively evaluated for impairment	161,353,000		147,178,000	139,231,000
Total allowance for credit losses	161,353,000	$ 156,184,000	147,178,000	139,231,000	$ 132,820,000	$ 127,364,000
Individually evaluated for impairment	0		0	0
Collectively evaluated for impairment	7,443,398,000		7,015,331,000	7,287,726,000
Financing receivable, gross	7,443,398,000		7,015,331,000	7,287,726,000
Retail
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	0		0	0
Collectively evaluated for impairment	152,998,000		139,320,000	131,903,000
Total allowance for credit losses	152,998,000	146,727,000	139,320,000	131,903,000	123,777,000	122,025,000
Individually evaluated for impairment	0		0	0
Collectively evaluated for impairment	6,020,750,000		5,991,471,000	5,962,685,000
Financing receivable, gross	6,020,750,000		5,991,471,000	5,962,685,000
Wholesale
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	0		0	0
Collectively evaluated for impairment	8,355,000		7,858,000	7,328,000
Total allowance for credit losses	8,355,000	$ 9,457,000	7,858,000	7,328,000	$ 9,043,000	$ 5,339,000
Individually evaluated for impairment	0		0	0
Collectively evaluated for impairment	1,422,648,000		1,023,860,000	1,325,041,000
Financing receivable, gross	$ 1,422,648,000		$ 1,023,860,000	$ 1,325,041,000

Finance Receivables (Aging Of P

Finance Receivables (Aging Of Past Due Finance Receivables Including Non Accrual Status Finance Receivables) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 168,893	$ 196,963	$ 144,273
Total finance receivables	7,443,398	7,015,331	7,287,726
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, current	7,274,505	6,818,368	7,143,453
31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	108,649	119,884	97,495
61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	38,114	44,210	28,331
Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	22,130	32,869	18,447
Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	168,091	195,468	143,406
Total finance receivables	6,020,750	5,991,471	5,962,685
Retail | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, current	5,852,659	5,796,003	5,819,279
Retail | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	108,192	118,996	96,982
Retail | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	37,961	43,680	28,150
Retail | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	21,938	32,792	18,274
Wholesale
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	802	1,495	867
Total finance receivables	1,422,648	1,023,860	1,325,041
Wholesale | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, current	1,421,846	1,022,365	1,324,174
Wholesale | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	457	888	513
Wholesale | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	153	530	181
Wholesale | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 192	$ 77	$ 173

Finance Receivables (Recorded I

Finance Receivables (Recorded Investment Of Retail and Wholesale Finance Receivables By Credit Quality Indicator) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	$ 7,443,398	$ 7,015,331	$ 7,287,726
Retail
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	6,020,750	5,991,471	5,962,685
Retail | Prime
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	4,756,479	4,777,448	4,718,363
Retail | Sub-prime
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	1,264,271	1,214,023	1,244,322
Wholesale
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	1,422,648	1,023,860	1,325,041
Wholesale | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	0	5,169	0
Wholesale | Substandard
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	19,637	21,774	7,739
Wholesale | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	4,334	6,271	15,343
Wholesale | Medium Risk
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	6,350	11,494	3,245
Wholesale | Low Risk
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	$ 1,392,327	$ 979,152	$ 1,298,714

Fair Value Measurements (Summar

Fair Value Measurements (Summary of Assets And Liabilities Measured at Fair Value) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Fair Value
Assets:
Cash equivalents	$ 864,670	$ 722,209	$ 1,247,579
Marketable securities	42,721	81,448	90,214
Derivatives	9,528	16,235	26,501
Liabilities:
Derivatives, liabilities	1,605	1,300	986
Fair Value, Measurements, Recurring
Assets:
Cash equivalents	549,426	555,910	1,030,928
Marketable securities	42,721	81,448	90,214
Derivatives	9,528	16,235	26,501
Assets, fair value	601,675	653,593	1,147,643
Liabilities:
Derivatives, liabilities	1,605	1,300	986
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash equivalents	392,800	390,706	558,660
Marketable securities	37,651	36,256	37,698
Derivatives	0	0	0
Assets, fair value	430,451	426,962	596,358
Liabilities:
Derivatives, liabilities	0	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	156,626	165,204	472,268
Marketable securities	5,070	45,192	52,516
Derivatives	9,528	16,235	26,501
Assets, fair value	171,224	226,631	551,285
Liabilities:
Derivatives, liabilities	1,605	1,300	986
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	0	0	0
Marketable securities	0	0	0
Derivatives	0	0	0
Assets, fair value	0	0	0
Liabilities:
Derivatives, liabilities	0	0	0
Fair Value, Measurements, Nonrecurring | Fair Value Adjustment
Liabilities:
Repossessed inventory	3,600	8,600	1,900
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | Fair Value
Liabilities:
Repossessed inventory	$ 15,300	$ 17,700	$ 13,100

Fair Value of Financial Instr60

Fair Value of Financial Instruments (Summary of Fair Value And Carrying Value of Company Financial Instruments) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Fair Value
Assets:
Cash equivalents	$ 864,670	$ 722,209	$ 1,247,579
Marketable securities	42,721	81,448	90,214
Derivatives	9,528	16,235	26,501
Finance receivables, net	7,369,410	6,937,053	7,251,671
Restricted cash	92,650	110,642	162,211
Liabilities:
Derivatives	1,605	1,300	986
Fair Value | Secured Debt | Asset-backed Canadian commercial paper conduit facility
Liabilities:
Long-term debt, fair value	161,626	153,839	160,940
Fair Value | Secured Debt | Term asset-backed securitization debt
Liabilities:
Long-term debt, fair value	1,080,416	1,455,776	2,016,232
Fair Value | Medium-term notes
Liabilities:
Long-term debt, fair value	4,239,390	3,410,966	4,077,952
Fair Value | Senior unsecured notes
Liabilities:
Long-term debt, fair value	808,227	737,435	0
Carrying Value
Assets:
Cash equivalents	864,670	722,209	1,247,579
Marketable securities	42,721	81,448	90,214
Derivatives	9,528	16,235	26,501
Finance receivables, net	7,282,045	6,868,153	7,148,495
Restricted cash	92,650	110,642	162,211
Liabilities:
Derivatives	1,605	1,300	986
Carrying Value | Commercial Paper
Liabilities:
Short-term debt, fair value	1,020,487	1,201,380	114,983
Carrying Value | Secured Debt | Asset-backed Canadian commercial paper conduit facility
Liabilities:
Long-term debt, fair value	161,626	153,839	160,940
Carrying Value | Secured Debt | Term asset-backed securitization debt
Liabilities:
Long-term debt, fair value	1,074,931	1,459,377	2,011,461
Carrying Value | Medium-term notes
Liabilities:
Long-term debt, fair value	4,063,297	3,316,949	3,923,638
Carrying Value | Senior unsecured notes
Liabilities:
Long-term debt, fair value	$ 740,982	$ 740,653	$ 0

Derivative Instruments and He61

Derivative Instruments and Hedging Activities (Derivative Instrument Fair Value) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Designated as Hedging Instrument | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Notional Value	$ 543,649	$ 437,320	$ 668,475
Designated as Hedging Instrument | Cash Flow Hedging | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Fair Value	9,511	16,167	26,501
Designated as Hedging Instrument | Cash Flow Hedging | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Fair Value	1,358	340	98
Designated as Hedging Instrument | Cash Flow Hedging | Foreign Currency Contracts
Derivatives, Fair Value [Line Items]
Notional Value	542,788	436,352	367,309
Designated as Hedging Instrument | Cash Flow Hedging | Foreign Currency Contracts | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Fair Value	9,423	16,167	23,136
Designated as Hedging Instrument | Cash Flow Hedging | Foreign Currency Contracts | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Fair Value	1,358	181	0
Designated as Hedging Instrument | Cash Flow Hedging | Commodity Contract
Derivatives, Fair Value [Line Items]
Notional Value	861	968	1,166
Designated as Hedging Instrument | Cash Flow Hedging | Commodity Contract | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Fair Value	88	0	0
Designated as Hedging Instrument | Cash Flow Hedging | Commodity Contract | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Fair Value	0	159	98
Designated as Hedging Instrument | Cash Flow Hedging | Treasury Rate Locks
Derivatives, Fair Value [Line Items]
Notional Value	0	0	300,000
Designated as Hedging Instrument | Cash Flow Hedging | Treasury Rate Locks | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0	3,365
Designated as Hedging Instrument | Cash Flow Hedging | Treasury Rate Locks | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Fair Value	0	0	0
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional Value	4,298	6,510	8,218
Not Designated as Hedging Instrument | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Fair Value	17	68	0
Not Designated as Hedging Instrument | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Fair Value	247	960	888
Not Designated as Hedging Instrument | Commodity Contract
Derivatives, Fair Value [Line Items]
Notional Value	4,298	6,510	8,218
Not Designated as Hedging Instrument | Commodity Contract | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Fair Value	17	68	0
Not Designated as Hedging Instrument | Commodity Contract | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Fair Value	$ 247	$ 960	$ 888

Derivative Instruments and He62

Derivative Instruments and Hedging Activities (Gain Loss On Derivative Cash Flow Hedges Recognized In OCI) (Detail) - Designated as Hedging Instrument - Cash Flow Hedging - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in OCI, before tax	$ 8,136	$ (1,096)	$ (4,580)	$ 31,452
Amount of Gain/(Loss) Reclassified from AOCL into Income	3,357	20,006	3,907	34,968
Expected to be Reclassified Over the Next Twelve Months			7,550
Foreign Currency Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in OCI, before tax	8,017	(4,458)	(4,507)	28,210
Foreign Currency Contracts | Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Reclassified from AOCL into Income	3,551	20,131	4,407	35,407
Expected to be Reclassified Over the Next Twelve Months			7,824
Commodity Contract
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in OCI, before tax	119	(3)	(73)	(123)
Commodity Contract | Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Reclassified from AOCL into Income	(104)	(125)	(319)	(439)
Expected to be Reclassified Over the Next Twelve Months			88
Treasury Rate Locks
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in OCI, before tax	0	3,365	0	3,365
Treasury Rate Locks | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Reclassified from AOCL into Income	$ (90)	$ 0	(181)	$ 0
Expected to be Reclassified Over the Next Twelve Months			$ (362)

Derivative Instruments and He63

Derivative Instruments and Hedging Activities (Gain Loss On Derivative Cash Flow Hedges Reclassified From AOCI Into Income) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Derivative [Line Items]
Amount of cash flow hedges excluded from effectiveness testing	$ 0	$ 0	$ 0	$ 0
Not Designated as Hedging Instrument
Derivative [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	67	14	(224)	(526)
Not Designated as Hedging Instrument | Commodity Contract | Cost of Goods Sold
Derivative [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	$ 67	$ 14	$ (224)	$ (526)

Accumulated Other Comprehensi64

Accumulated Other Comprehensive Loss (Changes In Other Comprehensive Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period			$ 1,839,654
Total other comprehensive income (loss), net of tax	$ 13,177	$ (365)	25,044	$ (7,583)
Balance, end of period	2,021,007	3,023,627	2,021,007	3,023,627
AOCI Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(603,338)	(522,161)	(615,205)	(514,943)
Other comprehensive income (loss) before reclassifications	10,601	3,740	12,385	6,191
Income tax	(2,883)	(307)	(25)	(9,354)
Net other comprehensive income (loss) before reclassifications	7,718	3,433	12,360	(3,163)
Total reclassifications before tax	8,669	(6,031)	20,145	(7,018)
Reclassifications from AOCI, Income tax expense (benefit)	(3,210)	2,233	(7,461)	2,598
Net reclassifications	5,459	(3,798)	12,684	(4,420)
Total other comprehensive income (loss), net of tax	13,177	(365)	25,044	(7,583)
Balance, end of period	(590,161)	(522,526)	(590,161)	(522,526)
AOCI Attributable to Parent [Member] | Foreign Currency Contracts
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	(3,551)	(20,131)	(4,407)	(35,407)
AOCI Attributable to Parent [Member] | Commodity Contract
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	104	125	319	439
AOCI Attributable to Parent [Member] | Treasury Rate Locks
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	90		181
Foreign currency translation adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(46,151)	(30,503)	(58,844)	(3,482)
Other comprehensive income (loss) before reclassifications	2,516	5,040	17,087	(24,951)
Income tax	112	(789)	(1,766)	2,181
Net other comprehensive income (loss) before reclassifications	2,628	4,251	15,321	(22,770)
Total reclassifications before tax	0	0	0	0
Reclassifications from AOCI, Income tax expense (benefit)	0	0	0	0
Net reclassifications	0	0	0	0
Total other comprehensive income (loss), net of tax	2,628	4,251	15,321	(22,770)
Balance, end of period	(43,523)	(26,252)	(43,523)	(26,252)
Marketable securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(1,139)	(767)	(1,094)	(700)
Other comprehensive income (loss) before reclassifications	(51)	(204)	(122)	(310)
Income tax	19	76	45	115
Net other comprehensive income (loss) before reclassifications	(32)	(128)	(77)	(195)
Total reclassifications before tax	0	0	0	0
Reclassifications from AOCI, Income tax expense (benefit)	0	0	0	0
Net reclassifications	0	0	0	0
Total other comprehensive income (loss), net of tax	(32)	(128)	(77)	(195)
Balance, end of period	(1,171)	(895)	(1,171)	(895)
Derivative financial instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(2,466)	30,114	5,886	19,042
Other comprehensive income (loss) before reclassifications	8,136	(1,096)	(4,580)	31,452
Income tax	(3,014)	406	1,696	(11,650)
Net other comprehensive income (loss) before reclassifications	5,122	(690)	(2,884)	19,802
Total reclassifications before tax	(3,357)	(20,006)	(3,907)	(34,968)
Reclassifications from AOCI, Income tax expense (benefit)	1,244	7,410	1,448	12,952
Net reclassifications	(2,113)	(12,596)	(2,459)	(22,016)
Total other comprehensive income (loss), net of tax	3,009	(13,286)	(5,343)	(2,214)
Balance, end of period	543	16,828	543	16,828
Derivative financial instruments | Foreign Currency Contracts
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	(3,551)	(20,131)	(4,407)	(35,407)
Derivative financial instruments | Commodity Contract
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	104	125	319	439
Derivative financial instruments | Treasury Rate Locks
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	90		181
Pension and postretirement benefit plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(553,582)	(521,005)	(561,153)	(529,803)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Income tax	0	0	0	0
Net other comprehensive income (loss) before reclassifications	0	0	0	0
Total reclassifications before tax	12,026	13,975	24,052	27,950
Reclassifications from AOCI, Income tax expense (benefit)	(4,454)	(5,177)	(8,909)	(10,354)
Net reclassifications	7,572	8,798	15,143	17,596
Total other comprehensive income (loss), net of tax	7,572	8,798	15,143	17,596
Balance, end of period	(546,010)	(512,207)	(546,010)	(512,207)
Pension and postretirement benefit plans - Prior service credits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	(446)	(695)	(892)	(1,390)
Pension and postretirement benefit plans - Actuarial losses
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	$ 12,472	$ 14,670	$ 24,944	$ 29,340

Debt (Debt With Contractual Ter

Debt (Debt With Contractual Term Less Than One Year) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Short-term Debt [Line Items]
Short-term debt	$ 1,020,487	$ 1,201,380	$ 114,983
Commercial Paper
Short-term Debt [Line Items]
Short-term debt	$ 1,020,487	$ 1,201,380	$ 114,983

Debt (Debt With A Contractual T

Debt (Debt With A Contractual Term Greater Than One Year) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Debt Instrument [Line Items]
Gross long-term debt	$ 6,040,836	$ 5,670,818	$ 6,096,039
Less: current portion of long-term debt, net of unamortized discount and issuance costs	(732,773)	(838,349)	(1,544,956)
Long-term debt, net	5,308,063	4,832,469	4,551,083
Secured Debt
Debt Instrument [Line Items]
Less: unamortized discount and debt issuance costs	(2,386)	(3,777)	(5,618)
Gross long-term debt	1,236,557	1,613,216	2,172,401
Secured Debt | Asset-backed Canadian commercial paper conduit facility
Debt Instrument [Line Items]
Long-term debt, gross	161,626	153,839	160,940
Secured Debt | Term asset-backed securitization debt
Debt Instrument [Line Items]
Long-term debt, gross	1,077,317	1,463,154	2,017,079
Unsecured Debt
Debt Instrument [Line Items]
Less: unamortized discount and debt issuance costs	(24,429)	(21,106)	(14,320)
Unsecured Debt | 1.15% Medium-term notes due in 2015 par value
Debt Instrument [Line Items]
Long-term debt, gross	$ 0	$ 0	$ 600,000
Debt instrument, stated percentage	1.15%	1.15%	1.15%
Unsecured Debt | 3.88% Medium-term notes due in 2016 par value
Debt Instrument [Line Items]
Long-term debt, gross	$ 0	$ 450,000	$ 450,000
Debt instrument, stated percentage	3.88%	3.88%	3.88%
Unsecured Debt | 2.70% Medium-term notes due in 2017 par value
Debt Instrument [Line Items]
Long-term debt, gross	$ 400,000	$ 400,000	$ 400,000
Debt instrument, stated percentage	2.70%	2.70%	2.70%
Unsecured Debt | 1.55% Medium-term notes due in 2017 par value
Debt Instrument [Line Items]
Long-term debt, gross	$ 400,000	$ 400,000	$ 400,000
Debt instrument, stated percentage	1.55%	1.55%	1.55%
Unsecured Debt | 6.80% Medium-term notes due in 2018 par value
Debt Instrument [Line Items]
Long-term debt, gross	$ 878,708	$ 878,708	$ 887,958
Debt instrument, stated percentage	6.80%	6.80%	6.80%
Unsecured Debt | 2.40% Medium-term notes due in 2019 par value
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000	$ 600,000	$ 600,000
Debt instrument, stated percentage	2.40%	2.40%	2.40%
Unsecured Debt | 2.25% Medium-term notes due in 2019 par value
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000	$ 0	$ 0
Debt instrument, stated percentage	2.25%	2.25%	2.25%
Unsecured Debt | 2.15% Medium-term notes due in 2020 par value
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000	$ 600,000	$ 600,000
Debt instrument, stated percentage	2.15%	2.15%	2.15%
Unsecured Debt | 2.85% Medium-term notes due in 2021 par value
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000	$ 0	$ 0
Debt instrument, stated percentage	2.85%	2.85%	2.85%
Unsecured Debt | 3.50% Senior unsecured notes due in 2025 par value
Debt Instrument [Line Items]
Long-term debt, gross	$ 450,000	$ 450,000	$ 0
Debt instrument, stated percentage	3.50%	3.50%	3.50%
Unsecured Debt | 4.625% Senior unsecured notes due in 2045 par value
Debt Instrument [Line Items]
Long-term debt, gross	$ 300,000	$ 300,000	$ 0
Debt instrument, stated percentage	4.625%	4.625%	4.625%

Asset-Backed Financing (Narrati

Asset-Backed Financing (Narrative) (Detail)	1 Months Ended	3 Months Ended
	Jun. 30, 2015CAD	Jun. 26, 2016USD ($)	Mar. 27, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 14, 2015USD ($)	Jun. 28, 2015USD ($)	Mar. 29, 2015USD ($)
Variable Interest Entity [Line Items]
Company issued secured notes, net of discount and issuance costs		$ 6,040,836,000		$ 5,670,818,000		$ 6,096,039,000
Term asset-backed securitization debt | Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Principal balance of finance receivable		301,800,000
Gain on sale of finance receivable		9,300,000
Cash proceeds from sale of financial asset		312,600,000
Unpaid principal balance of the retail motorcycle finance receivables		292,200,000
Secured Debt
Variable Interest Entity [Line Items]
Company issued secured notes, net of discount and issuance costs		1,236,557,000		1,613,216,000		2,172,401,000
Secured Debt | Asset-Backed U.S. Commercial Paper Conduit Facility VIE | SPEs | U.S. Line of Credit
Variable Interest Entity [Line Items]
Line of credit, maximum borrowing capacity					$ 600,000,000
Borrowings outstanding under conduit facility		0		$ 0		0
Secured Debt | Asset-backed Canadian commercial paper conduit facility | Variable Interest Entity, Not Primary Beneficiary | Foreign Line of Credit
Variable Interest Entity [Line Items]
Line of credit, maximum borrowing capacity | CAD	CAD 240,000,000
Debt instrument, term	5 years
VIE, maximum loss exposure, amount		$ 25,600,000
Term asset-backed securitizations | Secured Debt | Secured Notes Through One Term Asset-backed Securitization Transaction | SPEs
Variable Interest Entity [Line Items]
Company issued secured notes						500,000,000	$ 700,000,000
Company issued secured notes, net of discount and issuance costs			$ 697,600,000			$ 498,100,000

Asset-Backed Financing (Assets

Asset-Backed Financing (Assets And Liabilities Of Variable Interest Entities) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015
Finance receivables
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	$ 1,350,887	$ 1,782,332	$ 2,375,748
Finance receivables | Term asset-backed securitizations | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	1,173,527	1,611,624	2,199,018
Finance receivables | Asset-backed U.S. commercial paper conduit facility | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	0	0	0
Finance receivables | Asset-backed Canadian commercial paper conduit facility | Variable Interest Entity, Not Primary Beneficiary
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	177,360	170,708	176,730
Allowance for credit losses
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	(34,051)	(40,998)	(52,057)
Allowance for credit losses | Term asset-backed securitizations | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	(30,431)	(37,937)	(49,400)
Allowance for credit losses | Asset-backed U.S. commercial paper conduit facility | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	0	0	0
Allowance for credit losses | Asset-backed Canadian commercial paper conduit facility | Variable Interest Entity, Not Primary Beneficiary
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	(3,620)	(3,061)	(2,657)
Restricted cash
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	92,650	110,642	162,211
Restricted cash | Term asset-backed securitizations | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	79,475	100,151	149,418
Restricted cash | Asset-backed U.S. commercial paper conduit facility | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	0	0	0
Restricted cash | Asset-backed Canadian commercial paper conduit facility | Variable Interest Entity, Not Primary Beneficiary
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	13,175	10,491	12,793
Other assets
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	3,379	5,099	3,407
Other assets | Term asset-backed securitizations | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	2,825	4,383	2,857
Other assets | Asset-backed U.S. commercial paper conduit facility | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	222	323	210
Other assets | Asset-backed Canadian commercial paper conduit facility | Variable Interest Entity, Not Primary Beneficiary
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	332	393	340
Total assets
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	1,412,865	1,857,075	2,489,309
Total assets | Term asset-backed securitizations | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	1,225,396	1,678,221	2,301,893
Total assets | Asset-backed U.S. commercial paper conduit facility | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	222	323	210
Total assets | Asset-backed Canadian commercial paper conduit facility | Variable Interest Entity, Not Primary Beneficiary
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	187,247	178,531	187,206
Asset-backed debt
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, associated liabilities, carrying amount	1,236,557	1,613,216	2,172,401
Asset-backed debt | Term asset-backed securitizations | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, associated liabilities, carrying amount	1,074,931	1,459,377	2,011,461
Asset-backed debt | Asset-backed U.S. commercial paper conduit facility | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, associated liabilities, carrying amount	0	0	0
Asset-backed debt | Asset-backed Canadian commercial paper conduit facility | Variable Interest Entity, Not Primary Beneficiary
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, associated liabilities, carrying amount	$ 161,626	$ 153,839	$ 160,940

Asset-Backed Financing (Schedul

Asset-Backed Financing (Schedule of Loans Acquired in Transfer Not Accounted For as Debt Securities) (Detail) - Secured Debt - Variable Interest Entity, Not Primary Beneficiary - Asset-backed Canadian commercial paper conduit facility - USD ($) $ in Thousands	3 Months Ended
	Jun. 26, 2016	Mar. 27, 2016	Jun. 28, 2015	Mar. 29, 2015
Variable Interest Entity [Line Items]
Transfers on finance receivables	$ 31,400	$ 6,600	$ 26,800	$ 19,200
Foreign Line of Credit
Variable Interest Entity [Line Items]
Proceeds on finance receivables	$ 27,500	$ 5,800	$ 23,400	$ 16,800

Asset-Backed Financing (Servici

Asset-Backed Financing (Servicing Activities) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015	Dec. 31, 2015
Transfers and Servicing [Abstract]
Servicing and ancillary fees			$ 300
Current unpaid balance - on-balance sheet retail motorcycle finance receivables	$ 5,872,668	$ 5,799,682	5,872,668	$ 5,799,682	$ 5,843,352
Current unpaid balance - off-balance sheet retail motorcycle finance receivables	292,176	0	292,176	0	0
Current unpaid balance - total serviced retail motorcycle finance receivables	6,164,844	5,799,682	6,164,844	5,799,682	5,843,352
Delinquent - on-balance sheet retail motorcycle finance receivables	168,091	143,406	168,091	143,406	195,468
Delinquent - off-balance sheet retail motorcycle finance receivables	460	0	460	0	0
Delinquent - total serviced retail motorcycle finance receivables	168,551	143,406	168,551	143,406	$ 195,468
Credit losses net of recoveries - on-balance sheet retail motorcycle finance receivables	15,001	8,764	43,118	29,555
Credit losses net of recoveries - off-balance sheet retail motorcycle finance receivables	15	0	15	0
Credit losses net of recoveries - total serviced retail motorcycle finance receivables	$ 15,016	$ 8,764	$ 43,133	$ 29,555

Income Taxes (Detail)

Income Taxes (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015
Income Tax Disclosure [Abstract]
Income tax rate	32.70%	34.90%
Income tax benefit associated with release of liability for closure of various audits	$ 14.6

Product Warranty and Safety R72

Product Warranty and Safety Recall Campaigns (Narrative) (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 26, 2016	Mar. 27, 2016	Dec. 31, 2015	Jun. 28, 2015	Mar. 29, 2015	Dec. 31, 2014
Product Information [Line Items]
Liability for recall campaigns	$ 82,480	$ 74,836	$ 74,217	$ 83,416	$ 71,073	$ 69,250
Recall Campaign
Product Information [Line Items]
Liability for recall campaigns	$ 14,300		$ 10,200	$ 16,600
Motorcycles | All Countries, Excluding Japan
Product Information [Line Items]
Standard product warranty, period (in years)	2 years
Motorcycles | Japan
Product Information [Line Items]
Standard product warranty, period (in years)	3 years
Parts and Accessories and General Merchandise
Product Information [Line Items]
Standard product warranty, period (in years)	1 year

Product Warranty and Safety R73

Product Warranty and Safety Recall Campaigns (Warranty and Safety Recall Liability) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance, beginning of period	$ 74,836	$ 71,073	$ 74,217	$ 69,250
Warranties issued during the period	20,202	21,843	38,214	36,954
Settlements made during the period	(22,679)	(23,554)	(40,842)	(37,119)
Recalls and changes to pre-existing warranty liabilities	10,121	14,054	10,891	14,331
Balance, end of period	$ 82,480	$ 83,416	$ 82,480	$ 83,416

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares considered anti-dilutive and excluded from computation	1.5	1	1.7	0.8

Earnings Per Share (Reconciliat

Earnings Per Share (Reconciliation Of Earnings Per Share Basic And Diluted) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Numerator:
Net income used in computing basic and diluted earnings per share	$ 280,431	$ 299,810	$ 530,920	$ 569,664
Denominator:
Denominator for basic earnings per share - weighted-average common shares (in shares)	180,587	207,650	181,976	209,115
Effect of dilutive securities - employee stock compensation plan (in shares)	752	940	764	1,050
Denominator for diluted earnings per share - adjusted weighted-average shares outstanding (in shares)	181,339	208,590	182,740	210,165
Basic (in dollars per share)	$ 1.55	$ 1.44	$ 2.92	$ 2.72
Diluted (in dollars per share)	$ 1.55	$ 1.44	$ 2.91	$ 2.71

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Detail) $ in Millions	6 Months Ended
	Jun. 26, 2016USD ($)
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Company contributions	$ 25

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Benefit Costs) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Pension and SERPA Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 8,359	$ 10,010	$ 16,718	$ 20,020
Interest cost	22,707	21,836	45,414	43,672
Expected return on plan assets	(36,445)	(36,232)	(72,890)	(72,465)
Amortization of unrecognized: Prior service cost	255	109	510	218
Amortization of unrecognized: Net loss	11,588	13,677	23,176	27,354
Settlement loss	300	0	600	0
Net periodic benefit cost	6,764	9,400	13,528	18,799
Postretirement Healthcare Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	1,870	2,065	3,740	4,130
Interest cost	3,704	3,541	7,408	7,082
Expected return on plan assets	(3,017)	(2,877)	(6,034)	(5,754)
Amortization of unrecognized: Prior service cost	(701)	(804)	(1,402)	(1,608)
Amortization of unrecognized: Net loss	884	993	1,768	1,986
Net periodic benefit cost	$ 2,740	$ 2,918	$ 5,480	$ 5,836

Business Segments (Narrative) (

Business Segments (Narrative) (Detail)	6 Months Ended
	Jun. 26, 2016segment
Segment Reporting [Abstract]
Number of business segments	2

Business Segments (Information

Business Segments (Information By Strategic Business Units) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Segment Reporting Information [Line Items]
Motorcycles net revenue	$ 1,670,113	$ 1,650,783	$ 3,246,723	$ 3,161,353
Selling, administrative and engineering expense	319,844	301,944	611,612	579,693
Financial Services revenue	190,964	173,609	364,322	335,984
Operating income	412,322	462,516	801,150	872,634
Operating Segments | Motorcycles
Segment Reporting Information [Line Items]
Motorcycles net revenue	1,670,113	1,650,783	3,246,723	3,161,353
Gross profit	607,558	647,214	1,197,838	1,237,489
Selling, administrative and engineering expense	284,809	266,611	542,632	511,432
Operating income	322,749	380,603	655,206	726,057
Operating Segments | Financial Services
Segment Reporting Information [Line Items]
Financial Services revenue	190,964	173,609	364,322	335,984
Financial Services expense	101,391	91,696	218,378	189,407
Operating income	$ 89,573	$ 81,913	$ 145,944	$ 146,577

Commitments and Contingencies (

Commitments and Contingencies (Detail) - York, Pennsylvania Facility	6 Months Ended
	Jun. 26, 2016
Site Contingency [Line Items]
Site contingency portion of total cost, percentage	47.00%
Navy
Site Contingency [Line Items]
Site contingency portion of total cost, percentage	53.00%

Supplemental Consolidating Da81

Supplemental Consolidating Data (Operations) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Revenue:
Motorcycles and Related Products	$ 1,670,113	$ 1,650,783	$ 3,246,723	$ 3,161,353
Financial Services	190,964	173,609	364,322	335,984
Total revenue	1,861,077	1,824,392	3,611,045	3,497,337
Costs and expenses:
Motorcycles and Related Products cost of goods sold	1,062,555	1,003,569	2,048,885	1,923,864
Financial Services interest expense	42,895	41,188	88,814	79,724
Provision for credit losses	23,461	15,175	60,584	41,422
Selling, administrative and engineering expense	319,844	301,944	611,612	579,693
Total costs and expenses	1,448,755	1,361,876	2,809,895	2,624,703
Operating income	412,322	462,516	801,150	872,634
Investment income	688	1,450	1,454	2,772
Interest expense	7,094	9	14,262	18
Income before provision for income taxes	405,916	463,957	788,342	875,388
Provision for income taxes	125,485	164,147	257,422	305,724
Net income	280,431	299,810	530,920	569,664
Reportable Legal Entities | Motorcycles And Related Products Operations
Revenue:
Motorcycles and Related Products	1,673,379	1,653,759	3,252,018	3,166,641
Financial Services	0	0	0	0
Total revenue	1,673,379	1,653,759	3,252,018	3,166,641
Costs and expenses:
Motorcycles and Related Products cost of goods sold	1,062,555	1,003,569	2,048,885	1,923,864
Financial Services interest expense	0	0	0	0
Provision for credit losses	0	0	0	0
Selling, administrative and engineering expense	285,367	267,149	543,598	512,284
Total costs and expenses	1,347,922	1,270,718	2,592,483	2,436,148
Operating income	325,457	383,041	659,535	730,493
Investment income	43,688	1,450	184,454	102,772
Interest expense	7,094	9	14,262	18
Income before provision for income taxes	362,051	384,482	829,727	833,247
Provision for income taxes	93,788	134,633	204,361	256,149
Net income	268,263	249,849	625,366	577,098
Reportable Legal Entities | Financial Services Operations
Revenue:
Motorcycles and Related Products	0	0	0	0
Financial Services	191,935	174,147	365,456	336,837
Total revenue	191,935	174,147	365,456	336,837
Costs and expenses:
Motorcycles and Related Products cost of goods sold	0	0	0	0
Financial Services interest expense	42,895	41,188	88,814	79,724
Provision for credit losses	23,461	15,175	60,584	41,422
Selling, administrative and engineering expense	38,301	38,309	74,275	73,550
Total costs and expenses	104,657	94,672	223,673	194,696
Operating income	87,278	79,475	141,783	142,141
Investment income	0	0	0	0
Interest expense	0	0	0	0
Income before provision for income taxes	87,278	79,475	141,783	142,141
Provision for income taxes	31,697	29,514	53,061	49,575
Net income	55,581	49,961	88,722	92,566
Eliminations
Revenue:
Motorcycles and Related Products	(3,266)	(2,976)	(5,295)	(5,288)
Financial Services	(971)	(538)	(1,134)	(853)
Total revenue	(4,237)	(3,514)	(6,429)	(6,141)
Costs and expenses:
Motorcycles and Related Products cost of goods sold	0	0	0	0
Financial Services interest expense	0	0	0	0
Provision for credit losses	0	0	0	0
Selling, administrative and engineering expense	(3,824)	(3,514)	(6,261)	(6,141)
Total costs and expenses	(3,824)	(3,514)	(6,261)	(6,141)
Operating income	(413)	0	(168)	0
Investment income	(43,000)	0	(183,000)	(100,000)
Interest expense	0	0	0	0
Income before provision for income taxes	(43,413)	0	(183,168)	(100,000)
Provision for income taxes	0	0	0	0
Net income	$ (43,413)	$ 0	$ (183,168)	$ (100,000)

Supplemental Consolidating Da82

Supplemental Consolidating Data (Balance Sheet) (Detail) - USD ($) $ in Thousands	Jun. 26, 2016	Dec. 31, 2015	Jun. 28, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 864,670	$ 722,209	$ 1,247,579	$ 906,680
Marketable securities	5,070	45,192	52,516
Accounts receivable, net	311,956	247,405	277,569
Finance receivables, net	2,457,974	2,053,582	2,331,723
Inventories	371,196	585,907	395,044
Restricted cash	78,078	88,267	136,760
Deferred income taxes	116,214	102,769	94,778
Other current assets	153,866	132,552	154,009
Total current assets	4,359,024	3,977,883	4,689,978
Finance receivables, net	4,824,071	4,814,571	4,816,772
Property, plant and equipment, net	951,309	942,418	873,007
Goodwill	54,542	54,182	26,105
Deferred income taxes	83,047	99,614	66,755
Other long-term assets	76,447	84,309	76,577
Total assets	10,348,440	9,972,977	10,549,194
Current liabilities:
Accounts payable	273,696	235,614	407,636
Accrued liabilities	485,811	471,964	448,737
Short-term debt	1,020,487	1,201,380	114,983
Current portion of long-term debt, net	732,773	838,349	1,544,956
Total current liabilities	2,512,767	2,747,307	2,516,312
Long-term debt, net	5,308,063	4,832,469	4,551,083
Pension liability	129,465	164,888	66,786
Postretirement healthcare benefits	188,846	193,659	196,369
Other long-term liabilities	188,292	195,000	195,017
Shareholders’ equity	2,021,007	1,839,654	3,023,627
Total liabilities and shareholders' equity	10,348,440	9,972,977	10,549,194
Reportable Legal Entities | Motorcycles And Related Products Operations
Current assets:
Cash and cash equivalents	445,662	400,443	828,289	573,895
Marketable securities	5,070	45,192	52,516
Accounts receivable, net	816,439	390,799	743,341
Finance receivables, net	0	0	0
Inventories	371,196	585,907	395,044
Restricted cash	0	0	0
Deferred income taxes	60,497	56,319	51,667
Other current assets	124,923	90,824	126,856
Total current assets	1,823,787	1,569,484	2,197,713
Finance receivables, net	0	0	0
Property, plant and equipment, net	916,388	906,972	841,361
Goodwill	54,542	54,182	26,105
Deferred income taxes	76,194	86,075	57,587
Other long-term assets	133,540	133,753	121,264
Total assets	3,004,451	2,750,466	3,244,030
Current liabilities:
Accounts payable	239,380	220,050	306,335
Accrued liabilities	397,645	387,137	369,467
Short-term debt	0	0	0
Current portion of long-term debt, net	0	0	0
Total current liabilities	637,025	607,187	675,802
Long-term debt, net	740,982	740,653	0
Pension liability	129,465	164,888	66,786
Postretirement healthcare benefits	188,846	193,659	196,369
Other long-term liabilities	157,835	166,440	168,043
Shareholders’ equity	1,150,298	877,639	2,137,030
Total liabilities and shareholders' equity	3,004,451	2,750,466	3,244,030
Reportable Legal Entities | Financial Services Operations
Current assets:
Cash and cash equivalents	419,008	321,766	419,290	332,785
Marketable securities	0	0	0
Accounts receivable, net	0	0	0
Finance receivables, net	2,457,974	2,053,582	2,331,723
Inventories	0	0	0
Restricted cash	78,078	88,267	136,760
Deferred income taxes	55,717	46,450	43,111
Other current assets	38,203	43,807	34,029
Total current assets	3,048,980	2,553,872	2,964,913
Finance receivables, net	4,824,071	4,814,571	4,816,772
Property, plant and equipment, net	34,921	35,446	31,646
Goodwill	0	0	0
Deferred income taxes	8,555	15,681	10,861
Other long-term assets	24,744	31,158	34,576
Total assets	7,941,271	7,450,728	7,858,768
Current liabilities:
Accounts payable	538,799	158,958	567,073
Accrued liabilities	97,150	89,048	87,839
Short-term debt	1,020,487	1,201,380	114,983
Current portion of long-term debt, net	732,773	838,349	1,544,956
Total current liabilities	2,389,209	2,287,735	2,314,851
Long-term debt, net	4,567,081	4,091,816	4,551,083
Pension liability	0	0	0
Postretirement healthcare benefits	0	0	0
Other long-term liabilities	27,621	28,560	26,974
Shareholders’ equity	957,360	1,042,617	965,860
Total liabilities and shareholders' equity	7,941,271	7,450,728	7,858,768
Eliminations
Current assets:
Cash and cash equivalents	0	0	0	$ 0
Marketable securities	0	0	0
Accounts receivable, net	(504,483)	(143,394)	(465,772)
Finance receivables, net	0	0	0
Inventories	0	0	0
Restricted cash	0	0	0
Deferred income taxes	0	0	0
Other current assets	(9,260)	(2,079)	(6,876)
Total current assets	(513,743)	(145,473)	(472,648)
Finance receivables, net	0	0	0
Property, plant and equipment, net	0	0	0
Goodwill	0	0	0
Deferred income taxes	(1,702)	(2,142)	(1,693)
Other long-term assets	(81,837)	(80,602)	(79,263)
Total assets	(597,282)	(228,217)	(553,604)
Current liabilities:
Accounts payable	(504,483)	(143,394)	(465,772)
Accrued liabilities	(8,984)	(4,221)	(8,569)
Short-term debt	0	0	0
Current portion of long-term debt, net	0	0	0
Total current liabilities	(513,467)	(147,615)	(474,341)
Long-term debt, net	0	0	0
Pension liability	0	0	0
Postretirement healthcare benefits	0	0	0
Other long-term liabilities	2,836	0	0
Shareholders’ equity	(86,651)	(80,602)	(79,263)
Total liabilities and shareholders' equity	$ (597,282)	$ (228,217)	$ (553,604)

Supplemental Consolidating Da83

Supplemental Consolidating Data (Cash Flows) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2016	Jun. 28, 2015	Jun. 26, 2016	Jun. 28, 2015
Cash flows from operating activities:
Net income	$ 280,431	$ 299,810	$ 530,920	$ 569,664
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles			100,956	93,640
Amortization of deferred loan origination costs			43,555	47,524
Amortization of financing origination fees			5,146	4,820
Provision for employee long-term benefits			18,405	24,635
Employee benefit plan contributions and payments			(35,189)	(12,725)
Stock compensation expense			15,797	16,734
Net change in wholesale finance receivables related to sales			(442,254)	(418,969)
Provision for credit losses	23,461	15,175	60,584	41,422
Gain on off-balance sheet securitization			(9,269)	0
Pension plan settlement expense			600	0
Deferred income taxes			(3,548)	(1,195)
Foreign currency adjustments			(7,966)	11,041
Other, net			(12,542)	(1,964)
Changes in current assets and liabilities:
Accounts receivable, net			(55,109)	(43,309)
Finance receivables—accrued interest and other			(125)	(270)
Inventories			225,586	38,012
Accounts payable and accrued liabilities			53,790	232,357
Derivative instruments			(1,474)	1,185
Other			(31,573)	11,342
Total adjustments			(74,630)	44,280
Net cash provided by operating activities			456,290	613,944
Cash flows from investing activities:
Capital expenditures			(107,531)	(85,180)
Origination of finance receivables			(1,991,384)	(1,976,563)
Collections on finance receivables			1,630,213	1,570,431
Proceeds from finance receivables sold			312,571	0
Sales and redemptions of marketable securities			40,000	4,500
Other			166	5,111
Net cash used by investing activities			(115,965)	(481,701)
Cash flows from financing activities:
Proceeds from issuance of medium-term notes			1,193,396	595,386
Intercompany borrowing activity				0
Proceeds from securitization debt			0	1,195,668
Repayments of medium-term notes			(450,000)	0
Repayments of securitization debt			(385,837)	(454,332)
Net decrease in credit facilities and unsecured commercial paper			(181,259)	(616,586)
Borrowings of asset-backed commercial paper			33,428	40,209
Repayments of asset-backed commercial paper			(34,989)	(35,730)
Net change in restricted cash			17,992	(40,159)
Dividends paid			(127,800)	(129,745)
Purchase of common stock for treasury			(269,411)	(358,425)
Excess tax benefits from share-based payments			331	2,401
Issuance of common stock under employee stock option plans			2,367	15,664
Net cash (used by) provided by financing activities			(201,782)	214,351
Effect of exchange rate changes on cash and cash equivalents			3,918	(5,695)
Net increase (decrease) in cash and cash equivalents			142,461	340,899
Cash and cash equivalents:
Cash and cash equivalents—beginning of period			722,209	906,680
Net increase in cash and cash equivalents			142,461	340,899
Cash and cash equivalents—end of period	864,670	1,247,579	864,670	1,247,579
Reportable Legal Entities | Motorcycles And Related Products Operations
Cash flows from operating activities:
Net income	268,263	249,849	625,366	577,098
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles			97,025	88,996
Amortization of deferred loan origination costs			0	0
Amortization of financing origination fees			330	0
Provision for employee long-term benefits			18,405	24,635
Employee benefit plan contributions and payments			(35,189)	(12,725)
Stock compensation expense			14,562	15,415
Net change in wholesale finance receivables related to sales			0	0
Provision for credit losses	0	0	0	0
Gain on off-balance sheet securitization			0
Pension plan settlement expense			600
Deferred income taxes			798	5,832
Foreign currency adjustments			(7,966)	11,041
Other, net			(12,539)	(2,671)
Changes in current assets and liabilities:
Accounts receivable, net			(416,198)	(347,967)
Finance receivables—accrued interest and other			0	0
Inventories			225,586	38,012
Accounts payable and accrued liabilities			23,420	144,784
Derivative instruments			(1,474)	1,185
Other			(33,237)	9,625
Total adjustments			(125,877)	(23,838)
Net cash provided by operating activities			499,489	553,260
Cash flows from investing activities:
Capital expenditures			(104,125)	(83,282)
Origination of finance receivables			0	0
Collections on finance receivables			0	0
Proceeds from finance receivables sold			0
Sales and redemptions of marketable securities			40,000	4,500
Other			166	5,111
Net cash used by investing activities			(63,959)	(73,671)
Cash flows from financing activities:
Proceeds from issuance of medium-term notes			0	0
Intercompany borrowing activity				250,000
Proceeds from securitization debt				0
Repayments of medium-term notes			0
Repayments of securitization debt			0	0
Net decrease in credit facilities and unsecured commercial paper			0	0
Borrowings of asset-backed commercial paper			0	0
Repayments of asset-backed commercial paper			0	0
Net change in restricted cash			0	0
Dividends paid			(127,800)	(129,745)
Purchase of common stock for treasury			(269,411)	(358,425)
Excess tax benefits from share-based payments			331	2,401
Issuance of common stock under employee stock option plans			2,367	15,664
Net cash (used by) provided by financing activities			(394,513)	(220,105)
Effect of exchange rate changes on cash and cash equivalents			4,202	(5,090)
Net increase (decrease) in cash and cash equivalents			45,219	254,394
Cash and cash equivalents:
Cash and cash equivalents—beginning of period			400,443	573,895
Net increase in cash and cash equivalents			45,219	254,394
Cash and cash equivalents—end of period	445,662	828,289	445,662	828,289
Reportable Legal Entities | Financial Services Operations
Cash flows from operating activities:
Net income	55,581	49,961	88,722	92,566
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles			3,931	4,644
Amortization of deferred loan origination costs			43,555	47,524
Amortization of financing origination fees			4,816	4,820
Provision for employee long-term benefits			0	0
Employee benefit plan contributions and payments			0	0
Stock compensation expense			1,235	1,319
Net change in wholesale finance receivables related to sales			0	0
Provision for credit losses	23,461	15,175	60,584	41,422
Gain on off-balance sheet securitization			(9,269)
Pension plan settlement expense			0
Deferred income taxes			(3,906)	(7,027)
Foreign currency adjustments			0	0
Other, net			(171)	707
Changes in current assets and liabilities:
Accounts receivable, net			0	0
Finance receivables—accrued interest and other			(125)	(270)
Inventories			0	0
Accounts payable and accrued liabilities			385,992	385,999
Derivative instruments			0	0
Other			1,664	1,717
Total adjustments			488,306	480,855
Net cash provided by operating activities			577,028	573,421
Cash flows from investing activities:
Capital expenditures			(3,406)	(1,898)
Origination of finance receivables			(4,507,717)	(4,526,313)
Collections on finance receivables			3,709,319	3,707,444
Proceeds from finance receivables sold			312,571
Sales and redemptions of marketable securities			0	0
Other			0	0
Net cash used by investing activities			(489,233)	(820,767)
Cash flows from financing activities:
Proceeds from issuance of medium-term notes			1,193,396	595,386
Intercompany borrowing activity				(250,000)
Proceeds from securitization debt				1,195,668
Repayments of medium-term notes			(450,000)
Repayments of securitization debt			(385,837)	(454,332)
Net decrease in credit facilities and unsecured commercial paper			(181,259)	(616,586)
Borrowings of asset-backed commercial paper			33,428	40,209
Repayments of asset-backed commercial paper			(34,989)	(35,730)
Net change in restricted cash			17,992	(40,159)
Dividends paid			(183,000)	(100,000)
Purchase of common stock for treasury			0	0
Excess tax benefits from share-based payments			0	0
Issuance of common stock under employee stock option plans			0	0
Net cash (used by) provided by financing activities			9,731	334,456
Effect of exchange rate changes on cash and cash equivalents			(284)	(605)
Net increase (decrease) in cash and cash equivalents			97,242	86,505
Cash and cash equivalents:
Cash and cash equivalents—beginning of period			321,766	332,785
Net increase in cash and cash equivalents			97,242	86,505
Cash and cash equivalents—end of period	419,008	419,290	419,008	419,290
Eliminations
Cash flows from operating activities:
Net income	(43,413)	0	(183,168)	(100,000)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles			0	0
Amortization of deferred loan origination costs			0	0
Amortization of financing origination fees			0	0
Provision for employee long-term benefits			0	0
Employee benefit plan contributions and payments			0	0
Stock compensation expense			0	0
Net change in wholesale finance receivables related to sales			(442,254)	(418,969)
Provision for credit losses	0	0	0	0
Gain on off-balance sheet securitization			0
Pension plan settlement expense			0
Deferred income taxes			(440)	0
Foreign currency adjustments			0	0
Other, net			168	0
Changes in current assets and liabilities:
Accounts receivable, net			361,089	304,658
Finance receivables—accrued interest and other			0	0
Inventories			0	0
Accounts payable and accrued liabilities			(355,622)	(298,426)
Derivative instruments			0	0
Other			0	0
Total adjustments			(437,059)	(412,737)
Net cash provided by operating activities			(620,227)	(512,737)
Cash flows from investing activities:
Capital expenditures			0	0
Origination of finance receivables			2,516,333	2,549,750
Collections on finance receivables			(2,079,106)	(2,137,013)
Proceeds from finance receivables sold			0
Sales and redemptions of marketable securities			0	0
Other			0	0
Net cash used by investing activities			437,227	412,737
Cash flows from financing activities:
Proceeds from issuance of medium-term notes			0	0
Intercompany borrowing activity				0
Proceeds from securitization debt				0
Repayments of medium-term notes			0
Repayments of securitization debt			0	0
Net decrease in credit facilities and unsecured commercial paper			0	0
Borrowings of asset-backed commercial paper			0	0
Repayments of asset-backed commercial paper			0	0
Net change in restricted cash			0	0
Dividends paid			183,000	100,000
Purchase of common stock for treasury			0	0
Excess tax benefits from share-based payments			0	0
Issuance of common stock under employee stock option plans			0	0
Net cash (used by) provided by financing activities			183,000	100,000
Effect of exchange rate changes on cash and cash equivalents			0	0
Net increase (decrease) in cash and cash equivalents			0	0
Cash and cash equivalents:
Cash and cash equivalents—beginning of period			0	0
Net increase in cash and cash equivalents			0	0
Cash and cash equivalents—end of period	$ 0	$ 0	$ 0	$ 0