Harley-Davidson (HOG) 10-Q 9 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 01, 2018	Aug. 03, 2018
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	Jul. 1, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		166,554,483

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Revenue:
Motorcycles and Related Products	$ 1,525,121	$ 1,577,135	$ 2,889,068	$ 2,905,846
Financial Services	188,102	188,034	366,276	361,255
Total revenue	1,713,223	1,765,169	3,255,344	3,267,101
Costs and expenses:
Motorcycles and Related Products cost of goods sold	993,036	1,004,173	1,883,210	1,858,061
Financial Services interest expense	51,943	44,408	100,393	87,697
Financial Services provision for credit losses	18,880	26,217	48,932	69,806
Selling, administrative and engineering expense	313,047	291,084	603,233	563,068
Restructuring expense	12,370	0	59,212	0
Total costs and expenses	1,389,276	1,365,882	2,694,980	2,578,632
Operating income	323,947	399,287	560,364	688,469
Other income (expense), net	645	2,295	865	4,591
Investment income	2,533	577	3,736	1,456
Interest expense	7,728	7,726	15,418	15,399
Income before provision for income taxes	319,397	394,433	549,547	679,117
Provision for income taxes	77,059	135,566	132,446	233,881
Net income	$ 242,338	$ 258,867	$ 417,101	$ 445,236
Earnings per common share:
Basic (in dollars per share)	$ 1.45	$ 1.48	$ 2.49	$ 2.54
Diluted (in dollars per share)	1.45	1.48	2.48	2.53
Cash dividends per common share (in dollars per share)	$ 0.370	$ 0.365	$ 0.740	$ 0.730

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 242,338	$ 258,867	$ 417,101	$ 445,236
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(26,482)	9,637	(19,567)	25,194
Derivative financial instruments	23,920	(10,412)	24,685	(19,464)
Marketable securities	0	1,204	0	1,194
Pension and postretirement benefit plans	12,402	7,256	98,167	14,512
Total other comprehensive income, net of tax	9,840	7,685	103,285	21,436
Comprehensive income	$ 252,178	$ 266,552	$ 520,386	$ 466,672

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Current assets:
Cash and cash equivalents	$ 978,749	$ 687,521	$ 988,476
Accounts receivable, net	335,594	329,986	330,933
Finance receivables, net	2,252,956	2,105,662	2,338,533
Inventories	465,373	538,202	372,012
Restricted cash	44,386	47,518	63,225
Other current assets	166,362	175,853	151,423
Total current assets	4,243,420	3,884,742	4,244,602
Finance receivables, net	5,060,246	4,859,424	4,994,002
Property, plant and equipment, net	904,113	967,781	946,326
Prepaid pension costs	131,497	19,816	0
Goodwill	55,451	55,947	54,630
Deferred income taxes	67,505	109,073	170,358
Other long-term assets	83,790	75,889	77,853
Total assets	10,546,022	9,972,672	10,487,771
Current liabilities:
Accounts payable	287,214	227,597	327,346
Accrued liabilities	572,440	529,822	533,412
Short-term debt	1,327,307	1,273,482	928,445
Current portion of long-term debt, net	945,463	1,127,269	1,565,558
Total current liabilities	3,132,424	3,158,170	3,354,761
Long-term debt, net	4,868,346	4,587,258	4,678,350
Pension liability	55,819	54,606	51,797
Postretirement healthcare liability	113,464	118,753	166,023
Other long-term liabilities	214,443	209,608	190,673
Commitments and contingencies
Shareholders’ equity:
Preferred stock, none issued	0	0	0
Common stock	1,818	1,813	1,813
Additional paid-in-capital	1,442,580	1,422,808	1,404,428
Retained earnings	1,906,015	1,607,570	1,654,457
Accumulated other comprehensive loss	(396,764)	(500,049)	(543,945)
Treasury stock, at cost	(792,123)	(687,865)	(470,586)
Total shareholders' equity	2,161,526	1,844,277	2,046,167
Total liabilities and shareholders' equity	10,546,022	9,972,672	10,487,771
Variable interest entities
Current assets:
Finance receivables, net	139,405	194,813	217,348
Restricted Cash and Cash Equivalents	39,757	48,706	62,973
Other current assets	1,280	2,148	2,170
Finance receivables, net	392,901	521,940	653,683
Current liabilities:
Current portion of long-term debt, net	155,631	209,247	241,754
Long-term debt, net	$ 313,799	$ 422,834	$ 559,379

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - shares	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
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
	Jul. 01, 2018	Jun. 25, 2017
Cash flows from operating activities:
Net cash provided by operating activities	$ 735,859	$ 627,068
Cash flows from investing activities:
Capital expenditures	(69,293)	(69,816)
Origination of finance receivables	(1,999,786)	(1,977,839)
Collections on finance receivables	1,712,884	1,647,799
Other	(11,758)	7,031
Net cash used by investing activities	(367,953)	(392,825)
Cash flows from financing activities:
Proceeds from issuance of medium-term notes	1,144,018	893,668
Repayments of medium-term notes	(877,488)	(400,000)
Repayments of securitization debt	(183,453)	(275,659)
Borrowings of asset-backed commercial paper	120,903	341,625
Repayments of asset-backed commercial paper	100,660	77,732
Net increase (decrease) in credit facilities and unsecured commercial paper	56,280	(128,787)
Dividends paid	(124,680)	(128,452)
Purchase of common stock for treasury	(111,227)	(243,055)
Issuance of common stock under employee stock option plans	1,965	7,432
Net cash used by financing activities	(74,342)	(10,960)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(10,091)	12,457
Net increase in cash, cash equivalents and restricted cash	283,473	235,740
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash—beginning of period	746,210	827,131
Net increase in cash, cash equivalents and restricted cash	283,473	235,740
Cash, cash equivalents and restricted cash—end of period	1,029,683	1,062,871
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	978,749	988,476
Restricted cash	44,386	63,225
Restricted cash included in other long-term assets	$ 6,548	$ 11,170

Basis of Presentation and Use o

Basis of Presentation and Use of Estimates	6 Months Ended
	Jul. 01, 2018
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 July 1, 2018 and June 25, 2017 , 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, 2017 . The Company operates in two 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
	Jul. 01, 2018
Accounting Changes and Error Corrections [Abstract]
New Accounting Standards	New Accounting Standards Accounting Standards Recently Adopted In May 2014, the FASB issued Accounting Standards Update (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. The Company adopted ASU 2014-09 on January 1, 2018. The Company applied the standard to all contracts using the modified retrospective method. As such, the Company recognized the cumulative effect of the adoption as an adjustment to the opening balance of retained earnings. The comparative information has not been restated. The majority of the Company’s Motorcycles and Related Products revenue will continue to be recognized when products are shipped to customers. For a limited number of vehicle sales where revenue was previously deferred due to a guaranteed resale value the Company will now recognize revenue when those vehicles are shipped in accordance with ASU 2014-09. The Company recorded a net increase to the opening balance of retained earnings of $6.0 million , net of income taxes, as of January 1, 2018 as a result of adopting ASU 2014-09. The Company also adjusted other assets and accrued liabilities associated with these vehicle sales in connection with its adoption of ASU 2014-09. The majority of the Financial Services segment’s revenues relate to loan and servicing activities which are outside the scope of this guidance. Financial Services revenues that fall under the scope of ASU 2014-09 continue to be recognized at the point of sale, or over the estimated life of the contract, as appropriate. The following tables illustrate the impact of adoption of ASU 2014-09 on the consolidated statements of income and the consolidated balance sheet (in thousands): Consolidated Statements of Income Three months ended July 1, 2018 Six months ended July 1, 2018 As Reported Without Adoption of ASC 606 Effect of Change As Reported Without Adoption of ASC 606 Effect of Change Revenue: Motorcycles and Related Products $ 1,525,121 $ 1,500,384 $ 24,737 $ 2,889,068 $ 2,868,368 $ 20,700 Costs and expenses: Motorcycles and Related Products cost of goods sold $ 993,036 $ 974,385 $ 18,651 $ 1,883,210 $ 1,864,623 $ 18,587 Operating income $ 323,947 $ 317,861 $ 6,086 $ 560,364 $ 558,251 $ 2,113 Income before provision for income taxes $ 319,397 $ 313,311 $ 6,086 $ 549,547 $ 547,434 $ 2,113 Provision for income taxes $ 77,059 $ 75,584 $ 1,475 $ 132,446 $ 131,934 $ 512 Net income $ 242,338 $ 237,727 $ 4,611 $ 417,101 $ 415,500 $ 1,601 Consolidated Balance Sheet July 1, 2018 As Reported Without Adoption of ASC 606 Effect of Change ASSETS Other current assets $ 166,362 $ 201,405 $ (35,043 ) Deferred income taxes $ 67,505 $ 69,353 $ (1,848 ) LIABILITIES AND SHAREHOLDERS' EQUITY Accrued liabilities $ 572,440 $ 616,956 $ (44,516 ) Retained earnings $ 1,906,015 $ 1,898,390 $ 7,625 In March 2017, the FASB issued ASU No. 2017-07 Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (ASU 2017-07). ASU 2017-07 amends ASC 715, Compensation - Retirement Benefits by requiring employers to present the service cost component of net periodic benefit cost in the same income statement line item as other employee compensation costs arising from services rendered during the period. Other components of the net periodic benefit cost will be presented separately from the line item that includes the service cost and outside of any subtotal of operating income. The guidance also limits the components that are eligible for capitalization in assets. The Company adopted ASU 2017-07 retrospectively on January 1, 2018. As a result, the non-service cost components of net periodic benefit cost have been presented in Other income (expense), net and the prior period has been recast to reflect the new presentation. The Company elected the practical expedient allowing the use of previously disclosed benefit components as the basis for the retrospective application. Net periodic benefit credit (cost) previously recorded in Motorcycles and Related Products cost of goods sold and Selling, administrative and engineering expense of $2.7 million and $(0.4) million , respectively, for the three months ended June 25, 2017 , and $5.3 million and $(0.7) million , respectively, for the six months ended June 25, 2017 , has been reclassified to Other income (expense), net. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash (ASU 2016-18). ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. As such, restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted ASU 2016-18 on January 1, 2018 on a retrospective basis. As a result, the change in restricted cash has been excluded from financing activities and included in the change in cash, cash equivalents and restricted cash and the prior period has been recast to reflect the new presentation. 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 ASU was subsequently amended by ASU No. 2018-03 and ASU No. 2018-04. The Company adopted ASU 2016-01 on January 1, 2018 on a prospective basis. The adoption of ASU 2016-01 did not have a material impact on its financial statements. In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (ASU 2016-15). ASU 2016-15 addresses eight specific cash flow items with the objective of reducing diversity in practice regarding how certain cash receipts and cash payments are presented in the statement of cash flows. The Company adopted ASU 2016-15 on January 1, 2018 on a retrospective basis. The adoption of ASU 2016-15 did not have a material impact on its financial statements. In October 2016, the FASB issued ASU No. 2016-16 Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory (ASU 2016-16). ASU 2016-16 states that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The Company adopted ASU 2016-16 on January 1, 2018 using a modified retrospective approach. The adoption of ASU 2016-16 did not have a material impact on its financial statements. Accounting Standards Not Yet Adopted 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 in the process of gathering and analyzing information necessary to quantify the impact of adopting ASU 2016-02 and evaluating the transition practical expedients it will apply upon adoption. The Company anticipates the adoption of ASU 2016-02 will result in an increase in assets and liabilities recognized on the balance sheet related to its lease arrangements. 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 modified retrospective 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 of ASU 2016-13 but anticipates the adoption of ASU 2016-13 will result in an increase in the annual provision for credit losses and the related allowance for credit losses. In January 2017, the FASB issued ASU No. 2017-04 Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (ASU 2017-04). ASU 2017-04 simplifies the subsequent measurement of goodwill by eliminating the requirement to calculate the implied fair value of goodwill. Rather, the goodwill impairment is calculated by comparing the fair value of a reporting unit to its carrying value, and an impairment loss is recognized for the amount by which the carrying amount exceeds the fair value, limited to the total goodwill allocated to the reporting unit. All reporting units apply the same impairment test under the new standard. The Company is required to adopt ASU 2017-04 for its annual and any interim goodwill impairment tests in fiscal years beginning after December 15, 2019 on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. In August 2017, the FASB issued ASU No. 2017-12 Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities (ASU 2017-12). ASU 2017-12 amends ASC 815, Derivatives and Hedging to improve the financial reporting of hedging relationships and to simplify the application of the hedge accounting guidance. The ASU makes various updates to the hedge accounting model, including changing the recognition and presentation of changes in the fair value of the hedging instrument and amending disclosure requirements, among other things. The Company is required to adopt ASU 2017-12 for fiscal years beginning after December 15, 2018, and for interim periods within those fiscal years. Early adoption is permitted in any interim period after issuance of the ASU. For cash flow and net investment hedges existing at the date of adoption, the Company must apply a cumulative-effect adjustment as of the beginning of the fiscal year in which the standard is adopted. The amendments related to presentation and disclosure are required prospectively. The Company is currently evaluating the impact of adoption of ASU 2017-12. In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02). Under existing U.S. GAAP, the effects of changes in tax rates and laws on deferred tax balances are recorded as a component of income tax expense in the period in which the law was enacted. When deferred tax balances related to items originally recorded in accumulated other comprehensive income are adjusted, certain tax effects become stranded in accumulated other comprehensive income. The amendments in ASU 2018-02 allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the 2017 Tax Cuts and Jobs Act. The amendments in this ASU also require certain disclosures about stranded tax effects. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption in any period is permitted. The Company’s provisional adjustments recorded in 2017 to account for the impact of the 2017 Tax Cuts and Jobs Act resulted in stranded tax effects. The Company is currently evaluating the impact of adopting ASU 2018-02.

Revenue

Revenue	6 Months Ended
	Jul. 01, 2018
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue The Company recognizes revenue when it satisfies a performance obligation by transferring control of a good or service to a customer. Revenue is measured based on the consideration that the Company expects to be entitled to in exchange for the goods or services transferred. Taxes that are collected from a customer concurrent with revenue-producing activities are excluded from revenue. The following table includes revenue disaggregated by major source (in thousands): Three months ended Six months ended July 1, 2018 July 1, 2018 Motorcycles and Related Products: Motorcycles $ 1,201,453 $ 2,323,126 Parts & Accessories 231,014 400,089 General Merchandise 68,653 125,254 Licensing 10,407 18,765 Other 13,594 21,834 Revenue from Motorcycles and Related Products 1,525,121 2,889,068 Financial Services: Interest income 158,639 312,680 Securitization and servicing fee income 304 656 Other income 29,159 52,940 Revenue from Financial Services 188,102 366,276 Total revenue $ 1,713,223 $ 3,255,344 The following is a description of principal activities from which the Company generates its revenue, by reportable segment. Motorcycles and Related Products Motorcycles, Parts and Accessories, and General Merchandise - Sales of motorcycles, parts and accessories, and general merchandise are recorded when control is transferred to wholesale customers (independent dealers). This generally takes place upon shipment of the products. The sale of products to independent dealers outside the U.S. and Canada is generally on open account with terms that generally approximate 30 - 120 days and the resulting receivables are included in accounts receivable in the consolidated balance sheets. The sale of products in the U.S. and Canada is financed by the purchasing dealers through HDFS and the related receivables are included in finance receivables in the consolidated balance sheets. The Company offers sales incentive programs to dealers and retail customers designed to promote the sale of motorcycles, parts and accessories, and general merchandise. The Company estimates its variable consideration related to motorcycles and related products sold under its sales incentive programs using the expected value method. Further, the Company accounts for consideration payable to a customer as part of its sales incentives as a reduction of revenue, which is accrued at the later of the date the related sale is recorded or the date the incentive program is both approved and communicated. The Company offers to its dealers the right to return eligible parts and accessories and general merchandise. When the Company offers a right to return, it estimates returns based on an analysis of historical trends and records revenue on the initial sale only in the amount that it expects to be entitled. The remaining consideration is deferred in a refund liability account. The refund liability is remeasured for changes in the estimate at each reporting date with a corresponding adjustment to revenue. Variable consideration related to sales incentives and rights to return is adjusted at the earliest of when the amount of consideration the Company expects to receive changes or the consideration becomes fixed. Adjustments for variable consideration related to previously recognized sales decreased revenue by an immaterial amount during the three and six months ended July 1, 2018 . Shipping and handling costs associated with freight after control of a product has transferred to a customer are accounted for as fulfillment costs. The Company accrues for the shipping and handling in the same period that the related revenue is recognized. The Company offers standard, limited warranties on its motorcycles and parts and accessories. These warranties provide assurance that the product will function as expected and are not separate performance obligations. The Company accounts for estimated warranty costs as a liability when control of the product transfers to the customer. Licensing - The Company licenses the name “Harley-Davidson” and other trademarks owned by the Company and collects royalties from its customers (licensees). The trademark licenses are considered symbolic intellectual property, which grant the customer a right to access the Company’s intellectual property. The Company satisfies its performance obligation over the license period, as the Company fulfills its promise to grant the customer rights to use and benefit from the intellectual property as well as maintain the intellectual property. Payment is typically due within thirty days of the end of each quarter, for the royalties earned in that quarter. Revenue, in the form of sales-based royalties, is recognized when the customers’ subsequent sales occur. The Company applies the practical expedient in ASC 606-10-55-18 to recognize licensing revenues in the amount that the Company has the right to invoice because the royalties due each period correspond directly with the value of the Company’s performance to date. Revenue will be recognized over the remaining contract terms which range up to 6 years. Other Revenue - Other Revenue consists primarily of revenue from Harley Ownership Group (H.O.G.) membership sales, motorcycle rental commissions, dealer software sales, museum admissions and events, and other miscellaneous products and services. Financial Services Interest income - Interest income on finance receivables is recorded as earned and is based on the average outstanding daily balance for wholesale and retail receivables. Accrued and uncollected interest is classified with finance receivables. Certain loan origination costs related to finance receivables, including payments made to dealers for certain retail loans, are deferred and recorded within finance receivables, and amortized over the estimated life of the contract. Securitization and servicing fee income - Securitization and servicing fee income consists of revenue from servicing and ancillary fees associated with HDFS' off-balance sheet asset-backed securitization transaction. Refer to Note 11 of the Notes to Consolidated Financial Statements for further discussion regarding asset-backed financing. Other income - Other income consists primarily of insurance and licensing revenues. HDFS works with certain unaffiliated insurance companies to offer motorcycle insurance and protection products through most Harley-Davidson dealers in the U.S. and Canada. HDFS also works with third-party financial institutions that issue credit cards, or offer other financial products bearing the Harley-Davidson brand in the U.S and internationally. For many of these contracts, the Company grants temporary rights to use the licensed trademarks owned by the Company and collects royalties from its customers in connection with sales of their products. The trademark licenses are considered symbolic intellectual property, which grant the customer a right to access the intellectual property. The Company satisfies its performance obligation over the license period, as it fulfills its promise to grant the customer rights to use and benefit from the intellectual property as well as maintain the intellectual property. Royalty and profit sharing amounts are received either quarterly or per annum, based upon the contract. Revenue, in the form of sales-based royalties, is recognized when the customers’ subsequent sales occur. Revenue will be recognized over the remaining contract terms which range up to 6 years. The Company is the primary obligor for certain other insurance related contracts and, as a result, revenue is recognized over the life of the contract as the Company fulfills its performance obligation. Contract Liabilities Deferred revenue relates to payments received at contract inception in advance of the Company’s performance under the contract and generally relates to the sale of H.O.G. memberships and extended service plan contracts. Deferred revenue is recognized as revenue as the Company performs under the contract. On January 1, 2018, $23.4 million of deferred revenue was included in Accrued liabilities and Other long-term liabilities in the consolidated balance sheet. $5.1 million and $9.1 million of this was recognized as revenue in the three and six months ended July 1, 2018 , respectively. At July 1, 2018 , the unearned revenue balance was $30.8 million . The Company expects to recognize approximately $10.8 million of the remaining unearned revenue in 2018, $9.8 million in 2019 and $10.2 million thereafter.

Restructuring Expenses

Restructuring Expenses	6 Months Ended
	Jul. 01, 2018
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Restructuring Expenses In January 2018, the Company initiated a plan to further improve its manufacturing operations and cost structure by commencing a multi-year manufacturing optimization plan which includes the consolidation of its motorcycle assembly plant in Kansas City, Missouri, into its plant in York, Pennsylvania, and the closure of its wheel operations in Adelaide, Australia. As the U.S. operations are consolidated, the Company expects approximately 800 jobs will be eliminated with the closure of Kansas City operations and approximately 450 jobs will be added in York by 2019. Approximately 90 jobs will be eliminated in Adelaide. The Company expects to incur restructuring and other consolidation costs of $170 million to $200 million in the Motorcycles segment related to this plan through 2019, of which approximately 70% will be cash charges. This includes $135 million to $155 million of restructuring expense and $35 million to $45 million of costs related to temporary inefficiencies. The Company expects restructuring expenses to include the cost of employee termination benefits, accelerated depreciation and other project implementation costs of $50 million to $60 million, $45 million to $50 million and $40 million to $45 million, respectively. Restructuring expense is recorded as a separate line item in the consolidated statement of income and the accrued restructuring liability is recorded in accrued liabilities in the consolidated balance sheet. The Company expects the plan to be completed by mid-2019. Changes in the accrued restructuring liability (in thousands) were as follows: Three months ended July 1, 2018 Employee Termination Benefits Accelerated Depreciation Other Total Balance, beginning of period $ 38,287 $ — $ 63 $ 38,350 Restructuring (benefit) expense (1,186 ) 9,746 3,810 12,370 Utilized - cash (133 ) — (3,793 ) (3,926 ) Utilized - non cash — (9,746 ) — (9,746 ) Foreign currency changes (210 ) — (3 ) (213 ) Balance, end of period $ 36,758 $ — $ 77 $ 36,835 Six months ended July 1, 2018 Employee Termination Benefits Accelerated Depreciation Other Total Balance, beginning of period $ — $ — $ — $ — Restructuring expense 39,605 15,359 4,248 59,212 Utilized - cash (2,433 ) — (4,167 ) (6,600 ) Utilized - non cash — (15,359 ) — (15,359 ) Foreign currency changes (414 ) — (4 ) (418 ) Balance, end of period $ 36,758 $ — $ 77 $ 36,835 During the three months ended July 1, 2018, the Company adjusted its termination benefit liability to reflect updated assumptions resulting in a reversal of approximately $1.7 million of previously recognized restructuring expense. During the three and six month periods ended July 1, 2018, the Company incurred $2.4 million and $3.1 million , respectively, of incremental cost of goods sold due to temporary inefficiencies resulting from implementing the manufacturing optimization plan.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 01, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s 2018 effective income tax rate for the six months ended July 1, 2018 was 24.1% compared to 34.4% for the six months ended June 25, 2017 . The Company's effective income tax rate was lower in 2018 due primarily to the impact of the 2017 Tax Cuts and Jobs Act (2017 Tax Act) that was enacted in December of 2017. The 2017 Tax Act included broad and complex changes to the U.S. tax code including a reduction of the corporate income tax rate from 35% to 21%, the move toward a territorial tax system and the elimination of the domestic manufacturing deduction. During the three months ended December 31, 2017, the Company recorded a $53.1 million tax expense to recognize the initial effects of the 2017 Tax Act relating primarily to the remeasurement of deferred tax assets. The Company has deemed its income tax estimates related to the 2017 Tax Act to be provisional under SEC Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act (SAB 118). The Company believes future guidance, interpretations and pronouncements will add clarity to the numerous aspects of the 2017 Tax Act that may impact the Company which may result in revisions to the Company’s provisional estimates. There were no material changes to these provisional estimates during the six month period ended July 1, 2018 .

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 01, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): Three months ended Six months ended July 1, June 25, July 1, June 25, Numerator : Net income used in computing basic and diluted earnings per share $ 242,338 $ 258,867 $ 417,101 $ 445,236 Denominator : Denominator for basic earnings per share - weighted-average common shares 166,589 174,409 167,364 175,178 Effect of dilutive securities - employee stock compensation plan 615 915 825 992 Denominator for diluted earnings per share - adjusted weighted-average shares outstanding 167,204 175,324 168,189 176,170 Earnings per common share: Basic $ 1.45 $ 1.48 $ 2.49 $ 2.54 Diluted $ 1.45 $ 1.48 $ 2.48 $ 2.53 Outstanding options to purchase 1.5 million and 0.6 million shares of common stock for the three months ended July 1, 2018 and June 25, 2017 , respectively, and 1.3 million and 0.7 million shares of common stock for the six months ended July 1, 2018 and June 25, 2017 , 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 restricted stock units (RSUs). Non-forfeitable dividend equivalents are paid on unvested RSUs. As such, 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 July 1, 2018 and June 25, 2017 .

Additional Balance Sheet and Ca

Additional Balance Sheet and Cash Flow Information	6 Months Ended
	Jul. 01, 2018
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): July 1, December 31, June 25, Mutual funds $ 49,537 $ 48,006 $ 44,156 Total marketable securities $ 49,537 $ 48,006 $ 44,156 The mutual fund investments are held by the Company to fund certain deferred compensation obligations. These investments are carried at fair value with gains and losses recorded in net income and are included in other long-term assets on the consolidated balance sheets. Inventories 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 net realizable value using the first-in, first-out (FIFO) method. Inventories consisted of the following (in thousands): July 1, December 31, June 25, Raw materials and work in process $ 154,921 $ 161,664 $ 117,199 Motorcycle finished goods 222,711 289,530 186,244 Parts and accessories and general merchandise 140,096 139,363 116,836 Inventory at lower of FIFO cost or net realizable value 517,728 590,557 420,279 Excess of FIFO over LIFO cost (52,355 ) (52,355 ) (48,267 ) Total inventories, net $ 465,373 $ 538,202 $ 372,012 Operating Cash Flow The reconciliation of net income to net cash provided by operating activities is as follows (in thousands): Six months ended July 1, June 25, Cash flows from operating activities: Net income $ 417,101 $ 445,236 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of intangibles 130,061 107,578 Amortization of deferred loan origination costs 39,396 40,771 Amortization of financing origination fees 4,133 4,079 Provision for long-term employee benefits 18,954 14,950 Employee benefit plan contributions and payments (6,422 ) (37,307 ) Stock compensation expense 19,081 17,497 Net change in wholesale finance receivables related to sales (171,195 ) (271,927 ) Provision for credit losses 48,932 69,806 Deferred income taxes 1,515 178 Other, net 20,894 (4,163 ) Changes in current assets and liabilities: Accounts receivable, net (14,882 ) (28,239 ) Finance receivables - accrued interest and other 4,228 2,067 Inventories 63,957 138,942 Accounts payable and accrued liabilities 161,101 133,120 Derivative instruments (136 ) 3,114 Other (859 ) (8,634 ) Total adjustments 318,758 181,832 Net cash provided by operating activities $ 735,859 $ 627,068

Finance Receivables

Finance Receivables	6 Months Ended
	Jul. 01, 2018
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): July 1, December 31, June 25, Retail $ 6,373,926 $ 6,140,600 $ 6,267,211 Wholesale 1,133,206 1,016,957 1,258,852 Total finance receivables 7,507,132 7,157,557 7,526,063 Allowance for credit losses (193,930 ) (192,471 ) (193,528 ) Finance receivables, net $ 7,313,202 $ 6,965,086 $ 7,332,535 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 July 1, 2018 Retail Wholesale Total Balance, beginning of period $ 182,150 $ 8,200 $ 190,350 Provision for credit losses 20,652 (1,772 ) 18,880 Charge-offs (28,947 ) — (28,947 ) Recoveries 13,647 — 13,647 Balance, end of period $ 187,502 $ 6,428 $ 193,930 Three months ended June 25, 2017 Retail Wholesale Total Balance, beginning of period $ 176,068 $ 7,962 $ 184,030 Provision for credit losses 26,550 (333 ) 26,217 Charge-offs (30,374 ) — (30,374 ) Recoveries 13,655 — 13,655 Balance, end of period $ 185,899 $ 7,629 $ 193,528 Six months ended July 1, 2018 Retail Wholesale Total Balance, beginning of period $ 186,254 $ 6,217 $ 192,471 Provision for credit losses 48,721 211 48,932 Charge-offs (74,028 ) — (74,028 ) Recoveries 26,555 — 26,555 Balance, end of period $ 187,502 $ 6,428 $ 193,930 Six months ended June 25, 2017 Retail Wholesale Total Balance, beginning of period $ 166,810 $ 6,533 $ 173,343 Provision for credit losses 68,710 1,096 69,806 Charge-offs (76,298 ) — (76,298 ) Recoveries 26,677 — 26,677 Balance, end of period $ 185,899 $ 7,629 $ 193,528 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): July 1, 2018 Retail Wholesale Total Allowance for credit losses, ending balance: Individually evaluated for impairment $ — $ 184 $ 184 Collectively evaluated for impairment 187,502 6,244 193,746 Total allowance for credit losses $ 187,502 $ 6,428 $ 193,930 Finance receivables, ending balance: Individually evaluated for impairment $ — $ 220 $ 220 Collectively evaluated for impairment 6,373,926 1,132,986 7,506,912 Total finance receivables $ 6,373,926 $ 1,133,206 $ 7,507,132 December 31, 2017 Retail Wholesale Total Allowance for credit losses, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 186,254 6,217 192,471 Total allowance for credit losses $ 186,254 $ 6,217 $ 192,471 Finance receivables, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 6,140,600 1,016,957 7,157,557 Total finance receivables $ 6,140,600 $ 1,016,957 $ 7,157,557 June 25, 2017 Retail Wholesale Total Allowance for credit losses, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 185,899 7,629 193,528 Total allowance for credit losses $ 185,899 $ 7,629 $ 193,528 Finance receivables, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 6,267,211 1,258,852 7,526,063 Total finance receivables $ 6,267,211 $ 1,258,852 $ 7,526,063 Additional information related to the wholesale finance receivables that are individually deemed to be impaired under ASC Topic 310, “Receivables,” includes (in thousands): As of July 1, 2018 Three months ended July 1, 2018 Six months ended July 1, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Wholesale: No related allowance recorded $ — $ — $ — $ — $ — $ — $ — Related allowance recorded 251 220 184 251 — 251 — $ 251 $ 220 $ 184 $ 251 $ — $ 251 $ — 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 July 1, 2018 , December 31, 2017 and June 25, 2017 , all retail finance receivables were accounted for as interest-earning receivables, of which $22.4 million , $40.0 million and $25.1 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. The recorded investment of non-accrual status wholesale finance receivables at July 1, 2018 was $0.2 million . There were no wholesale receivables on non-accrual status at December 31, 2017 or June 25, 2017 . At July 1, 2018 , December 31, 2017 and June 25, 2017 , $0.1 million , $0.1 million , and $1.1 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): July 1, 2018 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Total Finance Receivables Retail $ 6,198,906 $ 116,828 $ 35,763 $ 22,429 $ 175,020 $ 6,373,926 Wholesale 1,132,472 516 134 84 734 1,133,206 Total $ 7,331,378 $ 117,344 $ 35,897 $ 22,513 $ 175,754 $ 7,507,132 December 31, 2017 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Total Finance Receivables Retail $ 5,913,473 $ 139,629 $ 47,539 $ 39,959 $ 227,127 $ 6,140,600 Wholesale 1,016,000 595 245 117 957 1,016,957 Total $ 6,929,473 $ 140,224 $ 47,784 $ 40,076 $ 228,084 $ 7,157,557 June 25, 2017 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Total Finance Receivables Retail $ 6,086,592 $ 118,616 $ 36,914 $ 25,089 $ 180,619 $ 6,267,211 Wholesale 1,257,301 281 142 1,128 1,551 1,258,852 Total $ 7,343,893 $ 118,897 $ 37,056 $ 26,217 $ 182,170 $ 7,526,063 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): July 1, December 31, June 25, Prime $ 5,193,641 $ 4,966,193 $ 5,034,187 Sub-prime 1,180,285 1,174,407 1,233,024 Total $ 6,373,926 $ 6,140,600 $ 6,267,211 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 borrower's 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): July 1, December 31, June 25, Doubtful $ 251 $ 688 $ 5,203 Substandard 803 3,837 10,458 Special Mention 2,154 26,866 4,953 Medium Risk 37,045 9,917 8,115 Low Risk 1,092,953 975,649 1,230,123 Total $ 1,133,206 $ 1,016,957 $ 1,258,852

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jul. 01, 2018
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. 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 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. The Company has periodically utilized treasury rate lock contracts to fix the interest rate on a portion of the principal related to the issuance of long-term debt. All such treasury rate lock contracts have since settled and the gain or loss at settlement was recorded in accumulated other comprehensive loss which is being reclassified into earnings over the life of the debt. The Company has also periodically utilized interest rate swaps to reduce the impact of fluctuations in interest rates. The Company utilized an interest rate swap designated as a cash flow hedge of one of its medium-term note issuances to convert it from a floating rate basis to a fixed rate basis. The following tables summarize the fair value of the Company’s derivative financial instruments (in thousands): July 1, 2018 December 31, 2017 June 25, 2017 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) $ 591,901 $ 13,238 $ — $ 675,724 $ 1,388 $ 21,239 $ 544,601 $ 409 $ 4,622 Commodity contracts (c) 803 4 — 915 — 69 1,102 — 75 Interest rate swap - medium-term notes (c) 450,000 — 597 — — — — — — Total $ 1,042,704 $ 13,242 $ 597 $ 676,639 $ 1,388 $ 21,308 $ 545,703 $ 409 $ 4,697 July 1, 2018 December 31, 2017 June 25, 2017 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 $ 4,421 $ 204 $ 28 $ 4,532 $ 381 $ — $ 4,336 $ 49 $ 168 Total $ 4,421 $ 204 $ 28 $ 4,532 $ 381 $ — $ 4,336 $ 49 $ 168 (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 July 1, June 25, July 1, June 25, Foreign currency contracts $ 32,635 $ (11,851 ) $ 26,745 $ (23,648 ) Commodity contracts 4 (80 ) (12 ) (186 ) Treasury rate locks 41 (719 ) 41 (719 ) Interest rate swap - medium-term notes (886 ) — (886 ) — Total $ 31,794 $ (12,650 ) $ 25,888 $ (24,553 ) Amount of Gain/(Loss) Reclassified from AOCL into Income Three months ended Six months ended Expected to be Reclassified Cash Flow Hedges July 1, June 25, July 1, June 25, Over the Next Twelve Months Foreign currency contracts (a) $ 956 $ 3,957 $ (5,753 ) $ 6,473 $ 15,895 Commodity contracts (a) (12 ) 17 (85 ) 65 16 Treasury rate locks (b) (125 ) (99 ) (251 ) (189 ) (492 ) Interest rate swap - medium-term notes (b) (289 ) — (289 ) — (939 ) Total $ 530 $ 3,875 $ (6,378 ) $ 6,349 $ 14,480 (a) Gain/(loss) reclassified from accumulated other comprehensive loss (AOCL) to income is included in cost of goods sold (b) Gain/(loss) reclassified from AOCL to income is included in interest expense For the three and six months ended July 1, 2018 and June 25, 2017 , 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 table summarizes 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 July 1, June 25, July 1, June 25, Commodity contracts (a) $ 195 $ (193 ) $ 201 $ (173 ) Total $ 195 $ (193 ) $ 201 $ (173 ) (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.

Debt

Debt	6 Months Ended
	Jul. 01, 2018
Debt Disclosure [Abstract]
Debt	Debt Debt with a contractual term of one year or less is generally classified as short-term debt and consisted of the following (in thousands): July 1, December 31, June 25, Unsecured commercial paper $ 1,327,307 $ 1,273,482 $ 928,445 Total short-term debt $ 1,327,307 $ 1,273,482 $ 928,445 Debt with a contractual term greater than one year is generally classified as long-term debt and consisted of the following (in thousands): July 1, December 31, June 25, Secured debt (Note 11) Asset-backed Canadian commercial paper conduit facility $ 166,638 $ 174,779 $ 138,739 Asset-backed U.S. commercial paper conduit facilities 300,000 279,457 279,833 Asset-backed securitization debt 169,632 353,085 522,095 Less: unamortized discount and debt issuance costs (202 ) (461 ) (795 ) Total secured debt 636,068 806,860 939,872 Unsecured notes (at par value) 1.55% Medium-term notes due in 2017, issued November 2014 — — 400,000 6.80% Medium-term notes due in 2018, issued May 2008 — 877,488 877,488 2.25% Medium-term notes due in 2019, issued January 2016 600,000 600,000 600,000 Floating-rate Medium-term notes due in 2019, issued March 2017 (a) 150,000 150,000 150,000 2.40% Medium-term notes due in 2019, issued September 2014 600,000 600,000 600,000 2.15% Medium-term notes due in 2020, issued February 2015 600,000 600,000 600,000 Floating-rate Medium-term notes due in 2020, issued May 2018 (b) 450,000 — — 2.40% Medium-term notes due in 2020, issued March 2017 350,000 350,000 350,000 2.85% Medium-term notes due in 2021, issued January 2016 600,000 600,000 600,000 3.55% Medium-term notes due in 2021, issued May 2018 350,000 — — 2.55% Medium-term notes due in 2022, issued June 2017 400,000 400,000 400,000 3.35% Medium-term notes due in 2023, issued February 2018 350,000 — — 3.50% Senior unsecured notes due in 2025, issued July 2015 450,000 450,000 450,000 4.625% Senior unsecured notes due in 2045, issued July 2015 300,000 300,000 300,000 Less: unamortized discount and debt issuance costs (22,259 ) (19,821 ) (23,452 ) Gross long-term debt 5,813,809 5,714,527 6,243,908 Less: current portion of long-term debt, net of unamortized discount and debt issuance costs (945,463 ) (1,127,269 ) (1,565,558 ) Total long-term debt $ 4,868,346 $ 4,587,258 $ 4,678,350 (a) Floating interest rate based on LIBOR plus 35 bps. (b) Floating interest rate based on LIBOR plus 50 bps. The Company utilized an interest rate swap designated as a cash flow hedge to convert this from a floating rate basis to a fixed rate basis. Refer to Note 9 of the Notes to the Consolidated Financial Statements for further details.

Asset-Backed Financing

Asset-Backed Financing	6 Months Ended
	Jul. 01, 2018
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 (SPEs), 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 of 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 following tables show the assets and liabilities related to the on-balance sheet asset-backed financings included in the financial statements (in thousands): July 1, 2018 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt On-balance sheet assets and liabilities Consolidated VIEs Asset-backed securitizations $ 229,201 $ (6,943 ) $ 21,912 $ 465 $ 244,635 $ 169,430 Asset-backed U.S. commercial paper conduit facilities 319,758 (9,710 ) 17,845 815 328,708 300,000 Unconsolidated VIEs Asset-backed Canadian commercial paper conduit facility 192,979 (3,405 ) 11,176 274 201,024 166,638 Total on-balance sheet assets and liabilities $ 741,938 $ (20,058 ) $ 50,933 $ 1,554 $ 774,367 $ 636,068 December 31, 2017 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt On-balance sheet assets and liabilities Consolidated VIEs Asset-backed securitizations $ 439,301 $ (13,686 ) $ 34,919 $ 1,260 $ 461,794 $ 352,624 Asset-backed U.S. commercial paper conduit facilities 300,530 (9,392 ) 13,787 888 305,813 279,457 Unconsolidated VIEs Asset-backed Canadian commercial paper conduit facility 203,691 (3,746 ) 9,983 470 210,398 174,779 Total on-balance sheet assets and liabilities $ 943,522 $ (26,824 ) $ 58,689 $ 2,618 $ 978,005 $ 806,860 June 25, 2017 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt On-balance sheet assets and liabilities Consolidated VIEs Asset-backed securitizations $ 599,754 $ (18,291 ) $ 47,980 $ 1,360 $ 630,803 $ 521,300 Asset-backed U.S. commercial paper conduit facilities 298,700 (9,132 ) 14,993 810 305,371 279,833 Unconsolidated VIEs Asset-backed Canadian commercial paper conduit facility 152,248 (2,911 ) 11,422 203 160,962 138,739 Total on-balance sheet assets and liabilities $ 1,050,702 $ (30,334 ) $ 74,395 $ 2,373 $ 1,097,136 $ 939,872 On-Balance Sheet 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 asset-backed securitization SPE is a separate legal entity, and the U.S. retail motorcycle finance receivables included in the asset-backed securitizations 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 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 2020 to 2022. The Company is the primary beneficiary of its on-balance sheet 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 asset-backed securitization transactions during the first half of 2018 or 2017. On-Balance Sheet Asset-Backed U.S. Commercial Paper Conduit Facilities VIE In December 2017, the Company renewed its existing $300.0 million and $600.0 million revolving facility agreements with a third-party bank-sponsored asset-backed U.S. commercial paper conduit. Availability under the revolving facilities (together, the U.S. Conduit Facilities) is based on, among other things, the amount of eligible U.S. retail motorcycle receivables held by the relevant SPE as collateral. Under the U.S. Conduit Facilities, the Company may transfer U.S. retail motorcycle finance receivables to an SPE, which in turn may issue debt to the third-party bank-sponsored asset-backed commercial paper conduit. 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 Facilities also provide for an unused commitment fee based on the unused portion of the total aggregate commitment of $900.0 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 Facilities, any outstanding principal will continue to be reduced monthly through available collections. The expected remaining term of the related receivables held by the SPE is approximately 5 years . Unless earlier terminated or extended by mutual agreement of the Company and the lenders, as of July 1, 2018 , the U.S. Conduit Facilities have an expiration date of December 12, 2018 . The Company is the primary beneficiary of its U.S. Conduit Facilities VIE because it retains servicing rights and a residual interest in the VIE 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 following table includes quarterly transfers of U.S. retail motorcycle finance receivables to the U.S. Conduit and the respective proceeds (in thousands): 2018 2017 Transfers Proceeds Transfers Proceeds First quarter $ 32,900 $ 29,300 $ 333,400 $ 300,000 Second quarter 59,100 53,300 28,200 24,000 $ 92,000 $ 82,600 $ 361,600 $ 324,000 On-Balance Sheet Asset-Backed Canadian Commercial Paper Conduit Facility In June 2018, the Company renewed 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$220.0 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$220.0 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 expected remaining term of the related receivables is approximately 5 years . Unless earlier terminated or extended by mutual agreement between the Company and the lenders, as of July 1, 2018 , the Canadian Conduit has an expiration date of June 28, 2019 . The Company is not the primary beneficiary of the Canadian bank-sponsored, multi-seller conduit VIE; therefore, the Company does not 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, does not 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 $34.4 million at July 1, 2018 . 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): 2018 2017 Transfers Proceeds Transfers Proceeds First quarter $ 7,600 $ 6,200 $ 6,300 $ 5,500 Second quarter 38,900 32,200 14,200 12,400 $ 46,500 $ 38,400 $ 20,500 $ 17,900 Off-Balance Sheet Asset-Backed Securitization VIE There were no off-balance sheet asset-backed securitization transactions during the first half of 2018 or 2017. 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. Similar to an on-balance sheet 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 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 July 1, 2018 , the assets of this off-balance sheet asset-backed securitization VIE were $109.6 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 July 1, 2018 . This is based on the unlikely event 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 financings, 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 $0.7 million and $1.1 million during the first half of 2018 and 2017, respectively. The unpaid principal balance of retail motorcycle finance receivables serviced by the Company was as follows (in thousands): July 1, December 31, June 25, On-balance sheet retail motorcycle finance receivables $ 6,227,634 $ 5,993,185 $ 6,121,372 Off-balance sheet retail motorcycle finance receivables 109,578 146,425 187,769 Total serviced retail motorcycle finance receivables $ 6,337,212 $ 6,139,610 $ 6,309,141 The unpaid principal balance of retail motorcycle finance receivables serviced by the Company 30 days or more delinquent was as follows (in thousands): Amount 30 days or more past due: July 1, December 31, June 25, On-balance sheet retail motorcycle finance receivables $ 175,020 $ 227,127 $ 180,619 Off-balance sheet retail motorcycle finance receivables 1,591 2,106 1,659 Total serviced retail motorcycle finance receivables $ 176,611 $ 229,233 $ 182,278 Credit losses, net of recoveries for the retail motorcycle finance receivables serviced by the Company were as follows (in thousands): Three months ended Six months ended July 1, June 25, July 1, June 25, On-balance sheet retail motorcycle finance receivables $ 15,300 $ 16,719 $ 47,473 $ 49,621 Off-balance sheet retail motorcycle finance receivables 137 152 498 566 Total serviced retail motorcycle finance receivables $ 15,437 $ 16,871 $ 47,971 $ 50,187

Fair Value

Fair Value	6 Months Ended
	Jul. 01, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value The Company assesses the inputs used to measure fair value using a three-tier hierarchy. 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, commodity prices and yield curves. The Company uses the market approach to derive the fair value for its Level 2 fair value measurements. Forward contracts for foreign currency and commodities are valued using quoted forward rates and prices; interest rate swaps are valued using quoted interest rates and yield curves; investments in marketable securities and cash equivalents are valued using 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. 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): July 1, 2018 Balance Quoted Prices in Significant Significant Assets: Cash equivalents $ 691,983 $ 446,454 $ 245,529 $ — Marketable securities 49,537 49,537 — — Derivatives 13,446 — 13,446 — Total $ 754,966 $ 495,991 $ 258,975 $ — Liabilities: Derivatives $ 625 $ — $ 625 $ — December 31, 2017 Balance Quoted Prices in Significant Significant Assets: Cash equivalents $ 488,432 $ 358,500 $ 129,932 $ — Marketable securities 48,006 48,006 — — Derivatives 1,769 — 1,769 — Total $ 538,207 $ 406,506 $ 131,701 $ — Liabilities: Derivatives $ 21,308 $ — $ 21,308 $ — June 25, 2017 Balance Quoted Prices in Significant Significant Assets: Cash equivalents $ 625,485 $ 375,550 $ 249,935 $ — Marketable securities 44,156 44,156 — — Derivatives 458 — 458 — Total $ 670,099 $ 419,706 $ 250,393 $ — Liabilities: Derivatives $ 4,865 $ — $ 4,865 $ — 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 $16.4 million , $19.6 million and $17.9 million at July 1, 2018 , December 31, 2017 and June 25, 2017 , respectively, for which the fair value adjustment was $2.8 million , $9.0 million and $2.7 million , respectively. Fair value is estimated using Level 2 inputs based on the recent market values of repossessed inventory. Fair Value of Financial Instruments Measured at Cost The carrying value of the Company's cash and cash equivalents and restricted cash approximates their fair values. The following table summarizes the fair value and carrying value of the Company’s remaining financial instruments that are measured at cost or amortized cost (in thousands): July 1, 2018 December 31, 2017 June 25, 2017 Fair Value Carrying Value Fair Value Carrying Value Fair Value Carrying Value Assets: Finance receivables, net $ 7,375,644 $ 7,313,202 $ 7,021,549 $ 6,965,086 $ 7,401,974 $ 7,332,535 Liabilities: Unsecured commercial paper $ 1,327,307 $ 1,327,307 $ 1,273,482 $ 1,273,482 $ 928,445 $ 928,445 Asset-backed U.S. commercial paper conduit facilities $ 300,000 $ 300,000 $ 279,457 $ 279,457 $ 279,833 $ 279,833 Asset-backed Canadian commercial paper conduit facility $ 166,638 $ 166,638 $ 174,779 $ 174,779 $ 138,739 $ 138,739 Medium-term notes $ 4,398,478 $ 4,435,449 $ 4,189,092 $ 4,165,706 $ 4,623,146 $ 4,562,403 Senior unsecured notes $ 719,152 $ 742,292 $ 784,433 $ 741,961 $ 773,084 $ 741,633 Asset-backed securitization debt $ 168,941 $ 169,430 $ 351,767 $ 352,624 $ 521,956 $ 521,300 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. 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 calculated using Level 2 inputs approximates fair value due to its short maturity. The carrying value of debt provided under the U.S. conduit facilities and Canadian conduit facility calculated using Level 2 inputs approximates fair value since the interest rates charged under the facility are tied directly to market rates and fluctuate as market rates change. The fair values of the medium-term notes and senior unsecured notes are estimated based upon rates currently available for debt with similar terms and remaining maturities (Level 2 inputs). The fair value of the debt related to on-balance sheet asset-backed securitization transactions is estimated based on pricing currently available for transactions with similar terms and maturities (Level 2 inputs).

Product Warranty and Safety Rec

Product Warranty and Safety Recall Campaigns	6 Months Ended
	Jul. 01, 2018
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 accrues for future warranty claims using an estimated cost based primarily on historical Company claim information. Additionally, the Company has from time to time initiated certain voluntary recall campaigns. The Company accrues for the estimated cost associated with voluntary 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 July 1, June 25, July 1, June 25, Balance, beginning of period $ 95,075 $ 78,211 $ 94,202 $ 79,482 Warranties issued during the period 16,904 18,084 31,510 34,836 Settlements made during the period (21,777 ) (21,200 ) (38,415 ) (40,533 ) Recalls and changes to pre-existing warranty liabilities (259 ) 5,586 2,646 6,896 Balance, end of period $ 89,943 $ 80,681 $ 89,943 $ 80,681 The liability for recall campaigns was $27.4 million , $35.3 million and $7.9 million as of July 1, 2018 , December 31, 2017 and June 25, 2017 , respectively.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jul. 01, 2018
Retirement Benefits [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. Service cost is allocated among selling, administrative and engineering expense, cost of goods sold and inventory. Amounts capitalized in inventory are not significant. Non-service cost components of net periodic benefit cost are presented in other income (expense), net. Refer to Note 2 regarding the adoption of ASU 2017-07 for further discussion of the impact on net periodic benefit costs. Components of net periodic benefit costs were as follows (in thousands): Three months ended Six months ended July 1, June 25, July 1, June 25, Pension and SERPA Benefits Service cost $ 8,063 $ 7,896 $ 16,218 $ 15,792 Interest cost 20,729 21,269 41,319 42,538 Expected return on plan assets (36,926 ) (35,345 ) (73,817 ) (70,690 ) Amortization of unrecognized: Prior service (credit) cost (105 ) 254 (211 ) 508 Net loss 16,318 10,998 32,137 21,996 Curtailment loss — — 1,018 — Net periodic benefit cost $ 8,079 $ 5,072 $ 16,664 $ 10,144 Postretirement Healthcare Benefits Service cost $ 1,789 $ 1,875 $ 3,601 $ 3,750 Interest cost 2,886 3,412 5,783 6,824 Expected return on plan assets (3,541 ) (3,156 ) (7,082 ) (6,312 ) Amortization of unrecognized: Prior service credit (460 ) (543 ) (920 ) (1,086 ) Net loss 454 815 908 1,630 Net periodic benefit cost $ 1,128 $ 2,403 $ 2,290 $ 4,806 During the six months ended July 1, 2018, the qualified pension plan and certain postretirement healthcare plan assets and obligations were remeasured as a result of a curtailment of benefits related to the planned closure of the Company's motorcycle assembly plant in Kansas City, Missouri, discussed further in Note 4. As a result of the remeasurement, the Company recorded a benefit of $96.4 million before income taxes in other comprehensive income during the six months ended July 1, 2018. There are no required or planned qualified pension plan contributions for 2018 . The Company expects it will continue to make ongoing benefit payments under the SERPA and postretirement healthcare plans.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 01, 2018
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 costs to accrue 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. Any amounts accrued for these matters are monitored on an ongoing basis and are updated based on new developments or new information as it becomes available for 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 information exchanges and discussions with the EPA. In August 2016, the Company entered into a consent decree with the EPA regarding these issues, and the consent decree was subsequently revised in July 2017 (the Settlement). In the Settlement, the Company agreed to, among other things, pay a fine, and not sell tuning products unless they are approved by the EPA or California Air Resources Board. In December 2017, the EPA filed the Settlement with the U.S. District Court for the District of Columbia for the purpose of obtaining court approval of the Settlement. Three amicus briefs opposing portions of the Settlement were filed with the court by the deadline of January 31, 2018. On March 1, 2018, the Company and the EPA each filed separate response briefs. The Company anticipates the court will make a decision whether or not to finalize the Settlement in the following months. The Company has an accrual associated with this matter which is included in accrued liabilities in the Consolidated Balance Sheets, and as a result, if it is finalized, the Settlement would not have a material adverse effect on the Company's financial condition or results of operations. The Settlement is not final until it is approved by the court, and if it is not approved by the court, the Company cannot reasonably estimate the impact of any remedies the EPA might seek beyond the Company's current reserve for this matter. York Environmental Matters: The Company is involved with government agencies and groups of potentially responsible parties related to 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. The Company has been working with the Pennsylvania Department of Environmental Protection (PADEP) since 1986 and with the U.S. Environmental Protection Agency (EPA) in undertaking environmental investigation and remediation activities, including a 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 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 an accrual for its estimate of its share of the future Response Costs at the York facility which is included in other long-term liabilities in the Consolidated Balance Sheets. While the work on the RI/FS is now complete, the final remedy has not yet been proposed or approved and given the uncertainty that exists concerning the nature and scope of additional environmental remediation that may ultimately be required under the approved final remedy, 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. 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.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jul. 01, 2018
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 July 1, 2018 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (14,937 ) $ — $ (16,489 ) $ (375,178 ) $ (406,604 ) Other comprehensive (loss) income before reclassifications (26,482 ) — 31,794 — 5,312 Income tax expense — — (7,476 ) — (7,476 ) Net other comprehensive (loss) income before reclassifications (26,482 ) — 24,318 — (2,164 ) Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (956 ) — (956 ) Realized (gains) losses - commodity contracts (a) — — 12 — 12 Realized (gains) losses - treasury rate locks (b) — — 125 — 125 Realized (gains) losses - interest rate swap (b) — — 289 — 289 Prior service credits (c) — — — (565 ) (565 ) Actuarial losses (c) — — — 16,772 16,772 Total reclassifications before tax — — (530 ) 16,207 15,677 Income tax benefit (expense) — — 132 (3,805 ) (3,673 ) Net reclassifications — — (398 ) 12,402 12,004 Other comprehensive (loss) income (26,482 ) — 23,920 12,402 9,840 Balance, end of period $ (41,419 ) $ — $ 7,431 $ (362,776 ) $ (396,764 ) Three months ended June 25, 2017 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (52,575 ) $ (1,204 ) $ 3,472 $ (501,323 ) $ (551,630 ) Other comprehensive income (loss) before reclassifications 9,447 1,912 (12,650 ) — (1,291 ) Income tax benefit (expense) 190 (708 ) 4,678 — 4,160 Net other comprehensive income (loss) before reclassifications 9,637 1,204 (7,972 ) — 2,869 Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (3,957 ) — (3,957 ) Realized (gains) losses - commodity contracts (a) — — (17 ) — (17 ) Realized (gains) losses - treasury rate locks (b) — — 99 — 99 Prior service credits (c) — — — (289 ) (289 ) Actuarial losses (c) — — — 11,813 11,813 Total reclassifications before tax — — (3,875 ) 11,524 7,649 Income tax benefit (expense) — — 1,435 (4,268 ) (2,833 ) Net reclassifications — — (2,440 ) 7,256 4,816 Other comprehensive income (loss) 9,637 1,204 (10,412 ) 7,256 7,685 Balance, end of period $ (42,938 ) $ — $ (6,940 ) $ (494,067 ) $ (543,945 ) Six months ended July 1, 2018 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (21,852 ) $ — $ (17,254 ) $ (460,943 ) $ (500,049 ) Other comprehensive (loss) income before reclassifications (19,567 ) — 25,888 96,374 102,695 Income tax expense — — (6,089 ) (22,629 ) (28,718 ) Net other comprehensive (loss) income before reclassifications (19,567 ) — 19,799 73,745 73,977 Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — 5,753 — 5,753 Realized (gains) losses - commodity contracts (a) — — 85 — 85 Realized (gains) losses - treasury rate locks (b) — — 251 — 251 Realized (gains) losses - interest rate swap (b) — — 289 — 289 Prior service credits (c) — — — (1,131 ) (1,131 ) Actuarial losses (c) — — — 33,045 33,045 Total reclassifications before tax — — 6,378 31,914 38,292 Income tax expense — — (1,492 ) (7,492 ) (8,984 ) Net reclassifications — — 4,886 24,422 29,308 Other comprehensive (loss) income (19,567 ) — 24,685 98,167 103,285 Balance, end of period $ (41,419 ) $ — $ 7,431 $ (362,776 ) $ (396,764 ) Six months ended June 25, 2017 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (68,132 ) $ (1,194 ) $ 12,524 $ (508,579 ) $ (565,381 ) Other comprehensive income (loss) before reclassifications 25,080 1,896 (24,553 ) — 2,423 Income tax benefit (expense) 114 (702 ) 9,087 — 8,499 Net other comprehensive income (loss) before reclassifications 25,194 1,194 (15,466 ) — 10,922 Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (6,473 ) — (6,473 ) Realized (gains) losses - commodity contracts (a) — — (65 ) — (65 ) Realized (gains) losses - treasury rate locks (b) — — 189 — 189 Prior service credits (c) — — — (578 ) (578 ) Actuarial losses (c) — — — 23,626 23,626 Total reclassifications before tax — — (6,349 ) 23,048 16,699 Income tax benefit (expense) — — 2,351 (8,536 ) (6,185 ) Net reclassifications — — (3,998 ) 14,512 10,514 Other comprehensive income (loss) 25,194 1,194 (19,464 ) 14,512 21,436 Balance, end of period $ (42,938 ) $ — $ (6,940 ) $ (494,067 ) $ (543,945 ) (a) Amounts reclassified to net income are included in Motorcycles and Related Products cost of goods sold. (b) Amounts reclassified to net income are included in interest expense. (c) Amounts reclassified are included in the computation of net periodic benefit cost. See Note 14 for information related to pension and postretirement benefit plans.

Business Segments

Business Segments	6 Months Ended
	Jul. 01, 2018
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 July 1, June 25, July 1, June 25, Motorcycles net revenue $ 1,525,121 $ 1,577,135 $ 2,889,068 $ 2,905,846 Gross profit 532,085 572,962 1,005,858 1,047,785 Selling, administrative and engineering expense 276,309 255,610 530,402 493,887 Restructuring expense 12,370 — 59,212 — Operating income from Motorcycles 243,406 317,352 416,244 553,898 Financial Services revenue 188,102 188,034 366,276 361,255 Financial Services expense 107,561 106,099 222,156 226,684 Operating income from Financial Services 80,541 81,935 144,120 134,571 Operating income $ 323,947 $ 399,287 $ 560,364 $ 688,469 As discussed in Note 2, the Company adopted ASU 2017-07 on January 1, 2018 which required the Company to record the non-service cost components of net periodic benefit plan costs in non-operating income on a prospective and retrospective basis. As a result, operating income from Motorcycles excludes these costs for all periods presented.

Supplemental Consolidating Data

Supplemental Consolidating Data	6 Months Ended
	Jul. 01, 2018
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 the reportable segments. All supplemental data is presented in thousands. Three months ended July 1, 2018 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 1,528,045 $ — $ (2,924 ) $ 1,525,121 Financial Services — 188,788 (686 ) 188,102 Total revenue 1,528,045 188,788 (3,610 ) 1,713,223 Costs and expenses: Motorcycles and Related Products cost of goods sold 993,036 — — 993,036 Financial Services interest expense — 51,943 — 51,943 Financial Services provision for credit losses — 18,880 — 18,880 Selling, administrative and engineering expense 276,827 39,663 (3,443 ) 313,047 Restructuring expense 12,370 — — 12,370 Total costs and expenses 1,282,233 110,486 (3,443 ) 1,389,276 Operating income 245,812 78,302 (167 ) 323,947 Other income (expense), net 645 — — 645 Investment income 2,533 — — 2,533 Interest expense 7,728 — — 7,728 Income before provision for income taxes 241,262 78,302 (167 ) 319,397 Provision for income taxes 59,683 17,376 — 77,059 Net income $ 181,579 $ 60,926 $ (167 ) $ 242,338 Six months ended July 1, 2018 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 2,894,291 $ — $ (5,223 ) $ 2,889,068 Financial Services — 367,248 (972 ) 366,276 Total revenue 2,894,291 367,248 (6,195 ) 3,255,344 Costs and expenses: Motorcycles and Related Products cost of goods sold 1,883,210 — — 1,883,210 Financial Services interest expense — 100,393 — 100,393 Financial Services provision for credit losses — 48,932 — 48,932 Selling, administrative and engineering expense 531,228 78,054 (6,049 ) 603,233 Restructuring expense 59,212 — — 59,212 Total costs and expenses 2,473,650 227,379 (6,049 ) 2,694,980 Operating income 420,641 139,869 (146 ) 560,364 Other income (expense), net 865 — — 865 Investment income 113,736 — (110,000 ) 3,736 Interest expense 15,418 — — 15,418 Income before provision for income taxes 519,824 139,869 (110,146 ) 549,547 Provision for income taxes 99,916 32,530 — 132,446 Net income $ 419,908 $ 107,339 $ (110,146 ) $ 417,101 Three months ended June 25, 2017 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 1,580,109 $ — $ (2,974 ) $ 1,577,135 Financial Services — 188,712 (678 ) 188,034 Total revenue 1,580,109 188,712 (3,652 ) 1,765,169 Costs and expenses: Motorcycles and Related Products cost of goods sold 1,004,173 — — 1,004,173 Financial Services interest expense — 44,408 — 44,408 Financial Services provision for credit losses — 26,217 — 26,217 Selling, administrative and engineering expense 256,147 38,448 (3,511 ) 291,084 Total costs and expenses 1,260,320 109,073 (3,511 ) 1,365,882 Operating income 319,789 79,639 (141 ) 399,287 Other income (expense), net 2,295 — — 2,295 Investment income 577 — — 577 Interest expense 7,726 — — 7,726 Income before provision for income taxes 314,935 79,639 (141 ) 394,433 Provision for income taxes 106,035 29,531 — 135,566 Net income $ 208,900 $ 50,108 $ (141 ) $ 258,867 Six months ended June 25, 2017 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 2,910,727 $ — $ (4,881 ) $ 2,905,846 Financial Services — 362,269 (1,014 ) 361,255 Total revenue 2,910,727 362,269 (5,895 ) 3,267,101 Costs and expenses: Motorcycles and Related Products cost of goods sold 1,858,061 — — 1,858,061 Financial Services interest expense — 87,697 — 87,697 Financial Services provision for credit losses — 69,806 — 69,806 Selling, administrative and engineering expense 494,777 74,062 (5,771 ) 563,068 Total costs and expenses 2,352,838 231,565 (5,771 ) 2,578,632 Operating income 557,889 130,704 (124 ) 688,469 Other income (expense), net 4,591 — — 4,591 Investment income 107,456 — (106,000 ) 1,456 Interest expense 15,399 — — 15,399 Income before provision for income taxes 654,537 130,704 (106,124 ) 679,117 Provision for income taxes 185,192 48,689 — 233,881 Net income $ 469,345 $ 82,015 $ (106,124 ) $ 445,236 July 1, 2018 HDMC Entities HDFS Entities Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 627,783 $ 350,966 $ — $ 978,749 Accounts receivable, net 669,266 — (333,672 ) 335,594 Finance receivables, net — 2,252,956 — 2,252,956 Inventories 465,373 — — 465,373 Restricted cash — 44,386 — 44,386 Other current assets 124,521 41,841 — 166,362 Total current assets 1,886,943 2,690,149 (333,672 ) 4,243,420 Finance receivables, net — 5,060,246 — 5,060,246 Property, plant and equipment, net 854,681 49,432 — 904,113 Prepaid pension costs 131,497 — — 131,497 Goodwill 55,451 — — 55,451 Deferred income taxes 27,043 41,696 (1,234 ) 67,505 Other long-term assets 151,691 19,999 (87,900 ) 83,790 $ 3,107,306 $ 7,861,522 $ (422,806 ) $ 10,546,022 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 262,562 $ 358,324 $ (333,672 ) $ 287,214 Accrued liabilities 481,402 90,416 622 572,440 Short-term debt — 1,327,307 — 1,327,307 Current portion of long-term debt, net — 945,463 — 945,463 Total current liabilities 743,964 2,721,510 (333,050 ) 3,132,424 Long-term debt, net 742,292 4,126,054 — 4,868,346 Pension liability 55,819 — — 55,819 Postretirement healthcare liability 113,464 — — 113,464 Other long-term liabilities 174,412 36,997 3,034 214,443 Commitments and contingencies (Note 15) Shareholders’ equity 1,277,355 976,961 (92,790 ) 2,161,526 $ 3,107,306 $ 7,861,522 $ (422,806 ) $ 10,546,022 December 31, 2017 HDMC Entities HDFS Entities Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 338,186 $ 349,335 $ — $ 687,521 Accounts receivable, net 483,709 — (153,723 ) 329,986 Finance receivables, net — 2,105,662 — 2,105,662 Inventories 538,202 — — 538,202 Restricted cash — 47,518 — 47,518 Other current assets 132,999 48,521 (5,667 ) 175,853 Total current assets 1,493,096 2,551,036 (159,390 ) 3,884,742 Finance receivables, net — 4,859,424 — 4,859,424 Property, plant and equipment, net 922,280 45,501 — 967,781 Prepaid pension costs 19,816 — — 19,816 Goodwill 55,947 — — 55,947 Deferred income taxes 66,877 43,515 (1,319 ) 109,073 Other long-term assets 138,344 23,593 (86,048 ) 75,889 $ 2,696,360 $ 7,523,069 $ (246,757 ) $ 9,972,672 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 214,263 $ 167,057 $ (153,723 ) $ 227,597 Accrued liabilities 444,028 90,942 (5,148 ) 529,822 Short-term debt — 1,273,482 — 1,273,482 Current portion of long-term debt, net — 1,127,269 — 1,127,269 Total current liabilities 658,291 2,658,750 (158,871 ) 3,158,170 Long-term debt, net 741,961 3,845,297 — 4,587,258 Pension liability 54,606 — — 54,606 Postretirement healthcare liability 118,753 — — 118,753 Other long-term liabilities 171,200 35,503 2,905 209,608 Commitments and contingencies (Note 15) Shareholders’ equity 951,549 983,519 (90,791 ) 1,844,277 $ 2,696,360 $ 7,523,069 $ (246,757 ) $ 9,972,672 June 25, 2017 HDMC Entities HDFS Entities Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 586,892 $ 401,584 $ — $ 988,476 Accounts receivable, net 709,343 — (378,410 ) 330,933 Finance receivables, net — 2,338,533 — 2,338,533 Inventories 372,012 — — 372,012 Restricted cash — 63,225 — 63,225 Other current assets 108,162 43,261 — 151,423 Total current assets 1,776,409 2,846,603 (378,410 ) 4,244,602 Finance receivables, net — 4,994,002 — 4,994,002 Property, plant and equipment, net 905,244 41,082 — 946,326 Goodwill 54,630 — — 54,630 Deferred income taxes 100,949 71,108 (1,699 ) 170,358 Other long-term assets 139,742 22,740 (84,629 ) 77,853 $ 2,976,974 $ 7,975,535 $ (464,738 ) $ 10,487,771 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 298,372 $ 407,384 $ (378,410 ) $ 327,346 Accrued liabilities 441,102 92,217 93 533,412 Short-term debt — 928,445 — 928,445 Current portion of long-term debt, net — 1,565,558 — 1,565,558 Total current liabilities 739,474 2,993,604 (378,317 ) 3,354,761 Long-term debt, net 741,633 3,936,717 — 4,678,350 Pension liability 51,797 — — 51,797 Postretirement healthcare liability 166,023 — — 166,023 Other long-term liabilities 155,086 32,714 2,873 190,673 Commitments and contingencies (Note 15) Shareholders’ equity 1,122,961 1,012,500 (89,294 ) 2,046,167 $ 2,976,974 $ 7,975,535 $ (464,738 ) $ 10,487,771 Six months ended July 1, 2018 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from operating activities: Net income $ 419,908 $ 107,339 $ (110,146 ) $ 417,101 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of intangibles 127,935 2,126 — 130,061 Amortization of deferred loan origination costs — 39,396 — 39,396 Amortization of financing origination fees 331 3,802 — 4,133 Provision for long-term employee benefits 18,954 — — 18,954 Employee benefit plan contributions and payments (6,422 ) — — (6,422 ) Stock compensation expense 17,229 1,852 — 19,081 Net change in wholesale finance receivables related to sales — — (171,195 ) (171,195 ) Provision for credit losses — 48,932 — 48,932 Deferred income taxes (443 ) 2,043 (85 ) 1,515 Other, net 20,993 (245 ) 146 20,894 Changes in current assets and liabilities: Accounts receivable, net (194,831 ) — 179,949 (14,882 ) Finance receivables - accrued interest and other — 4,228 — 4,228 Inventories 63,957 — — 63,957 Accounts payable and accrued liabilities 137,644 192,410 (168,953 ) 161,101 Derivative instruments (205 ) 69 — (136 ) Other 2,924 1,884 (5,667 ) (859 ) Total adjustments 188,066 296,497 (165,805 ) 318,758 Net cash provided by operating activities 607,974 403,836 (275,951 ) 735,859 Six months ended July 1, 2018 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from investing activities: Capital expenditures (63,236 ) (6,057 ) — (69,293 ) Origination of finance receivables — (4,046,125 ) 2,046,339 (1,999,786 ) Collections on finance receivables — 3,593,272 (1,880,388 ) 1,712,884 Other (11,758 ) — — (11,758 ) Net cash used by investing activities (74,994 ) (458,910 ) 165,951 (367,953 ) Cash flows from financing activities: Proceeds from issuance of medium-term notes — 1,144,018 — 1,144,018 Repayments of medium-term notes — (877,488 ) — (877,488 ) Repayments of securitization debt — (183,453 ) — (183,453 ) Borrowings of asset-backed commercial paper — 120,903 — 120,903 Repayments of asset-backed commercial paper — (100,660 ) — (100,660 ) Net increase in credit facilities and unsecured commercial paper — 56,280 — 56,280 Dividends paid (124,680 ) (110,000 ) 110,000 (124,680 ) Purchase of common stock for treasury (111,227 ) — — (111,227 ) Issuance of common stock under employee stock option plans 1,965 — — 1,965 Net cash (used) provided by financing activities (233,942 ) 49,600 110,000 (74,342 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash (9,441 ) (650 ) — (10,091 ) Net increase (decrease) in cash, cash equivalents and restricted cash $ 289,597 $ (6,124 ) $ — $ 283,473 Cash, cash equivalents and restricted cash: Cash, cash equivalents and restricted cash—beginning of period $ 338,186 $ 408,024 $ — $ 746,210 Net increase (decrease) in cash, cash equivalents and restricted cash 289,597 (6,124 ) — 283,473 Cash, cash equivalents and restricted cash—end of period $ 627,783 $ 401,900 $ — $ 1,029,683 Six months ended June 25, 2017 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from operating activities: Net income $ 469,345 $ 82,015 $ (106,124 ) $ 445,236 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of intangibles 104,157 3,421 — 107,578 Amortization of deferred loan origination costs — 40,771 — 40,771 Amortization of financing origination fees 327 3,752 — 4,079 Provision for long-term employee benefits 14,950 — — 14,950 Employee benefit plan contributions and payments (37,307 ) — — (37,307 ) Stock compensation expense 15,995 1,502 — 17,497 Net change in wholesale finance receivables related to sales — — (271,927 ) (271,927 ) Provision for credit losses — 69,806 — 69,806 Deferred income taxes 4,975 (4,586 ) (211 ) 178 Other, net (6,422 ) 2,134 125 (4,163 ) Changes in current assets and liabilities: Accounts receivable, net (241,569 ) — 213,330 (28,239 ) Finance receivables - accrued interest and other — 2,067 — 2,067 Inventories 138,942 — — 138,942 Accounts payable and accrued liabilities 112,916 228,247 (208,043 ) 133,120 Derivative instruments 3,106 8 — 3,114 Other (8,683 ) 98 (49 ) (8,634 ) Total adjustments 101,387 347,220 (266,775 ) 181,832 Net cash provided by operating activities 570,732 429,235 (372,899 ) 627,068 Six months ended June 25, 2017 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from investing activities: Capital expenditures (64,273 ) (5,543 ) — (69,816 ) Origination of finance receivables — (4,205,868 ) 2,228,029 (1,977,839 ) Collections on finance receivables — 3,608,929 (1,961,130 ) 1,647,799 Other 7,031 — — 7,031 Net cash used by investing activities (57,242 ) (602,482 ) 266,899 (392,825 ) Cash flows from financing activities: Proceeds from issuance of medium-term notes — 893,668 — 893,668 Repayments of medium-term notes — (400,000 ) — (400,000 ) Repayments of securitization debt — (275,659 ) — (275,659 ) Borrowings of asset-backed commercial paper — 341,625 — 341,625 Repayments of asset-backed commercial paper — (77,732 ) — (77,732 ) Net decrease in credit facilities and unsecured commercial paper — (128,787 ) — (128,787 ) Dividends paid (128,452 ) (106,000 ) 106,000 (128,452 ) Purchase of common stock for treasury (243,055 ) — — (243,055 ) Issuance of common stock under employee stock option plans 7,432 — — 7,432 Net cash (used) provided by financing activities (364,075 ) 247,115 106,000 (10,960 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 11,937 520 — 12,457 Net increase in cash, cash equivalents and restricted cash $ 161,352 $ 74,388 $ — $ 235,740 Cash, cash equivalents and restricted cash: Cash, cash equivalents and restricted cash—beginning of period $ 425,540 $ 401,591 $ — $ 827,131 Net increase in cash, cash equivalents and restricted cash 161,352 74,388 — 235,740 Cash, cash equivalents and restricted cash—end of period $ 586,892 $ 475,979 $ — $ 1,062,871

Basis of Presentation and Use25

Basis of Presentation and Use of Estimates (Policies)	6 Months Ended
	Jul. 01, 2018
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 May 2014, the FASB issued Accounting Standards Update (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. The Company adopted ASU 2014-09 on January 1, 2018. The Company applied the standard to all contracts using the modified retrospective method. As such, the Company recognized the cumulative effect of the adoption as an adjustment to the opening balance of retained earnings. The comparative information has not been restated. The majority of the Company’s Motorcycles and Related Products revenue will continue to be recognized when products are shipped to customers. For a limited number of vehicle sales where revenue was previously deferred due to a guaranteed resale value the Company will now recognize revenue when those vehicles are shipped in accordance with ASU 2014-09. The Company recorded a net increase to the opening balance of retained earnings of $6.0 million , net of income taxes, as of January 1, 2018 as a result of adopting ASU 2014-09. The Company also adjusted other assets and accrued liabilities associated with these vehicle sales in connection with its adoption of ASU 2014-09. The majority of the Financial Services segment’s revenues relate to loan and servicing activities which are outside the scope of this guidance. Financial Services revenues that fall under the scope of ASU 2014-09 continue to be recognized at the point of sale, or over the estimated life of the contract, as appropriate. The following tables illustrate the impact of adoption of ASU 2014-09 on the consolidated statements of income and the consolidated balance sheet (in thousands): Consolidated Statements of Income Three months ended July 1, 2018 Six months ended July 1, 2018 As Reported Without Adoption of ASC 606 Effect of Change As Reported Without Adoption of ASC 606 Effect of Change Revenue: Motorcycles and Related Products $ 1,525,121 $ 1,500,384 $ 24,737 $ 2,889,068 $ 2,868,368 $ 20,700 Costs and expenses: Motorcycles and Related Products cost of goods sold $ 993,036 $ 974,385 $ 18,651 $ 1,883,210 $ 1,864,623 $ 18,587 Operating income $ 323,947 $ 317,861 $ 6,086 $ 560,364 $ 558,251 $ 2,113 Income before provision for income taxes $ 319,397 $ 313,311 $ 6,086 $ 549,547 $ 547,434 $ 2,113 Provision for income taxes $ 77,059 $ 75,584 $ 1,475 $ 132,446 $ 131,934 $ 512 Net income $ 242,338 $ 237,727 $ 4,611 $ 417,101 $ 415,500 $ 1,601 Consolidated Balance Sheet July 1, 2018 As Reported Without Adoption of ASC 606 Effect of Change ASSETS Other current assets $ 166,362 $ 201,405 $ (35,043 ) Deferred income taxes $ 67,505 $ 69,353 $ (1,848 ) LIABILITIES AND SHAREHOLDERS' EQUITY Accrued liabilities $ 572,440 $ 616,956 $ (44,516 ) Retained earnings $ 1,906,015 $ 1,898,390 $ 7,625 In March 2017, the FASB issued ASU No. 2017-07 Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (ASU 2017-07). ASU 2017-07 amends ASC 715, Compensation - Retirement Benefits by requiring employers to present the service cost component of net periodic benefit cost in the same income statement line item as other employee compensation costs arising from services rendered during the period. Other components of the net periodic benefit cost will be presented separately from the line item that includes the service cost and outside of any subtotal of operating income. The guidance also limits the components that are eligible for capitalization in assets. The Company adopted ASU 2017-07 retrospectively on January 1, 2018. As a result, the non-service cost components of net periodic benefit cost have been presented in Other income (expense), net and the prior period has been recast to reflect the new presentation. The Company elected the practical expedient allowing the use of previously disclosed benefit components as the basis for the retrospective application. Net periodic benefit credit (cost) previously recorded in Motorcycles and Related Products cost of goods sold and Selling, administrative and engineering expense of $2.7 million and $(0.4) million , respectively, for the three months ended June 25, 2017 , and $5.3 million and $(0.7) million , respectively, for the six months ended June 25, 2017 , has been reclassified to Other income (expense), net. In November 2016, the FASB issued ASU No. 2016-18 Statement of Cash Flows (Topic 230): Restricted Cash (ASU 2016-18). ASU 2016-18 requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. As such, restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted ASU 2016-18 on January 1, 2018 on a retrospective basis. As a result, the change in restricted cash has been excluded from financing activities and included in the change in cash, cash equivalents and restricted cash and the prior period has been recast to reflect the new presentation. 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 ASU was subsequently amended by ASU No. 2018-03 and ASU No. 2018-04. The Company adopted ASU 2016-01 on January 1, 2018 on a prospective basis. The adoption of ASU 2016-01 did not have a material impact on its financial statements. In August 2016, the FASB issued ASU No. 2016-15 Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (ASU 2016-15). ASU 2016-15 addresses eight specific cash flow items with the objective of reducing diversity in practice regarding how certain cash receipts and cash payments are presented in the statement of cash flows. The Company adopted ASU 2016-15 on January 1, 2018 on a retrospective basis. The adoption of ASU 2016-15 did not have a material impact on its financial statements. In October 2016, the FASB issued ASU No. 2016-16 Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory (ASU 2016-16). ASU 2016-16 states that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The Company adopted ASU 2016-16 on January 1, 2018 using a modified retrospective approach. The adoption of ASU 2016-16 did not have a material impact on its financial statements. Accounting Standards Not Yet Adopted 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 in the process of gathering and analyzing information necessary to quantify the impact of adopting ASU 2016-02 and evaluating the transition practical expedients it will apply upon adoption. The Company anticipates the adoption of ASU 2016-02 will result in an increase in assets and liabilities recognized on the balance sheet related to its lease arrangements. 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 modified retrospective 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 of ASU 2016-13 but anticipates the adoption of ASU 2016-13 will result in an increase in the annual provision for credit losses and the related allowance for credit losses. In January 2017, the FASB issued ASU No. 2017-04 Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (ASU 2017-04). ASU 2017-04 simplifies the subsequent measurement of goodwill by eliminating the requirement to calculate the implied fair value of goodwill. Rather, the goodwill impairment is calculated by comparing the fair value of a reporting unit to its carrying value, and an impairment loss is recognized for the amount by which the carrying amount exceeds the fair value, limited to the total goodwill allocated to the reporting unit. All reporting units apply the same impairment test under the new standard. The Company is required to adopt ASU 2017-04 for its annual and any interim goodwill impairment tests in fiscal years beginning after December 15, 2019 on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. In August 2017, the FASB issued ASU No. 2017-12 Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities (ASU 2017-12). ASU 2017-12 amends ASC 815, Derivatives and Hedging to improve the financial reporting of hedging relationships and to simplify the application of the hedge accounting guidance. The ASU makes various updates to the hedge accounting model, including changing the recognition and presentation of changes in the fair value of the hedging instrument and amending disclosure requirements, among other things. The Company is required to adopt ASU 2017-12 for fiscal years beginning after December 15, 2018, and for interim periods within those fiscal years. Early adoption is permitted in any interim period after issuance of the ASU. For cash flow and net investment hedges existing at the date of adoption, the Company must apply a cumulative-effect adjustment as of the beginning of the fiscal year in which the standard is adopted. The amendments related to presentation and disclosure are required prospectively. The Company is currently evaluating the impact of adoption of ASU 2017-12. In February 2018, the FASB issued ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (ASU 2018-02). Under existing U.S. GAAP, the effects of changes in tax rates and laws on deferred tax balances are recorded as a component of income tax expense in the period in which the law was enacted. When deferred tax balances related to items originally recorded in accumulated other comprehensive income are adjusted, certain tax effects become stranded in accumulated other comprehensive income. The amendments in ASU 2018-02 allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the 2017 Tax Cuts and Jobs Act. The amendments in this ASU also require certain disclosures about stranded tax effects. The guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption in any period is permitted. The Company’s provisional adjustments recorded in 2017 to account for the impact of the 2017 Tax Cuts and Jobs Act resulted in stranded tax effects. The Company is currently evaluating the impact of adopting ASU 2018-02.

New Accounting Standards New Ac

New Accounting Standards New Accounting Standards (Tables)	6 Months Ended
	Jul. 01, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	The following tables illustrate the impact of adoption of ASU 2014-09 on the consolidated statements of income and the consolidated balance sheet (in thousands): Consolidated Statements of Income Three months ended July 1, 2018 Six months ended July 1, 2018 As Reported Without Adoption of ASC 606 Effect of Change As Reported Without Adoption of ASC 606 Effect of Change Revenue: Motorcycles and Related Products $ 1,525,121 $ 1,500,384 $ 24,737 $ 2,889,068 $ 2,868,368 $ 20,700 Costs and expenses: Motorcycles and Related Products cost of goods sold $ 993,036 $ 974,385 $ 18,651 $ 1,883,210 $ 1,864,623 $ 18,587 Operating income $ 323,947 $ 317,861 $ 6,086 $ 560,364 $ 558,251 $ 2,113 Income before provision for income taxes $ 319,397 $ 313,311 $ 6,086 $ 549,547 $ 547,434 $ 2,113 Provision for income taxes $ 77,059 $ 75,584 $ 1,475 $ 132,446 $ 131,934 $ 512 Net income $ 242,338 $ 237,727 $ 4,611 $ 417,101 $ 415,500 $ 1,601 Consolidated Balance Sheet July 1, 2018 As Reported Without Adoption of ASC 606 Effect of Change ASSETS Other current assets $ 166,362 $ 201,405 $ (35,043 ) Deferred income taxes $ 67,505 $ 69,353 $ (1,848 ) LIABILITIES AND SHAREHOLDERS' EQUITY Accrued liabilities $ 572,440 $ 616,956 $ (44,516 ) Retained earnings $ 1,906,015 $ 1,898,390 $ 7,625

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jul. 01, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table includes revenue disaggregated by major source (in thousands): Three months ended Six months ended July 1, 2018 July 1, 2018 Motorcycles and Related Products: Motorcycles $ 1,201,453 $ 2,323,126 Parts & Accessories 231,014 400,089 General Merchandise 68,653 125,254 Licensing 10,407 18,765 Other 13,594 21,834 Revenue from Motorcycles and Related Products 1,525,121 2,889,068 Financial Services: Interest income 158,639 312,680 Securitization and servicing fee income 304 656 Other income 29,159 52,940 Revenue from Financial Services 188,102 366,276 Total revenue $ 1,713,223 $ 3,255,344

Restructuring Expenses (Tables)

Restructuring Expenses (Tables)	6 Months Ended
	Jul. 01, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs [Table Text Block]	Changes in the accrued restructuring liability (in thousands) were as follows: Three months ended July 1, 2018 Employee Termination Benefits Accelerated Depreciation Other Total Balance, beginning of period $ 38,287 $ — $ 63 $ 38,350 Restructuring (benefit) expense (1,186 ) 9,746 3,810 12,370 Utilized - cash (133 ) — (3,793 ) (3,926 ) Utilized - non cash — (9,746 ) — (9,746 ) Foreign currency changes (210 ) — (3 ) (213 ) Balance, end of period $ 36,758 $ — $ 77 $ 36,835 Six months ended July 1, 2018 Employee Termination Benefits Accelerated Depreciation Other Total Balance, beginning of period $ — $ — $ — $ — Restructuring expense 39,605 15,359 4,248 59,212 Utilized - cash (2,433 ) — (4,167 ) (6,600 ) Utilized - non cash — (15,359 ) — (15,359 ) Foreign currency changes (414 ) — (4 ) (418 ) Balance, end of period $ 36,758 $ — $ 77 $ 36,835

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jul. 01, 2018
Earnings Per Share [Abstract]
Reconciliation of Earnings Per Share Basic and Diluted	The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): Three months ended Six months ended July 1, June 25, July 1, June 25, Numerator : Net income used in computing basic and diluted earnings per share $ 242,338 $ 258,867 $ 417,101 $ 445,236 Denominator : Denominator for basic earnings per share - weighted-average common shares 166,589 174,409 167,364 175,178 Effect of dilutive securities - employee stock compensation plan 615 915 825 992 Denominator for diluted earnings per share - adjusted weighted-average shares outstanding 167,204 175,324 168,189 176,170 Earnings per common share: Basic $ 1.45 $ 1.48 $ 2.49 $ 2.54 Diluted $ 1.45 $ 1.48 $ 2.48 $ 2.53

Additional Balance Sheet and 30

Additional Balance Sheet and Cash Flow Information (Tables)	6 Months Ended
	Jul. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Marketable Securities	The Company’s marketable securities consisted of the following (in thousands): July 1, December 31, June 25, Mutual funds $ 49,537 $ 48,006 $ 44,156 Total marketable securities $ 49,537 $ 48,006 $ 44,156
Inventories Net	Inventories consisted of the following (in thousands): July 1, December 31, June 25, Raw materials and work in process $ 154,921 $ 161,664 $ 117,199 Motorcycle finished goods 222,711 289,530 186,244 Parts and accessories and general merchandise 140,096 139,363 116,836 Inventory at lower of FIFO cost or net realizable value 517,728 590,557 420,279 Excess of FIFO over LIFO cost (52,355 ) (52,355 ) (48,267 ) Total inventories, net $ 465,373 $ 538,202 $ 372,012
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 July 1, June 25, Cash flows from operating activities: Net income $ 417,101 $ 445,236 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of intangibles 130,061 107,578 Amortization of deferred loan origination costs 39,396 40,771 Amortization of financing origination fees 4,133 4,079 Provision for long-term employee benefits 18,954 14,950 Employee benefit plan contributions and payments (6,422 ) (37,307 ) Stock compensation expense 19,081 17,497 Net change in wholesale finance receivables related to sales (171,195 ) (271,927 ) Provision for credit losses 48,932 69,806 Deferred income taxes 1,515 178 Other, net 20,894 (4,163 ) Changes in current assets and liabilities: Accounts receivable, net (14,882 ) (28,239 ) Finance receivables - accrued interest and other 4,228 2,067 Inventories 63,957 138,942 Accounts payable and accrued liabilities 161,101 133,120 Derivative instruments (136 ) 3,114 Other (859 ) (8,634 ) Total adjustments 318,758 181,832 Net cash provided by operating activities $ 735,859 $ 627,068

Finance Receivables (Tables)

Finance Receivables (Tables)	6 Months Ended
	Jul. 01, 2018
Receivables [Abstract]
Finance Receivables	Finance receivables, net, consisted of the following (in thousands): July 1, December 31, June 25, Retail $ 6,373,926 $ 6,140,600 $ 6,267,211 Wholesale 1,133,206 1,016,957 1,258,852 Total finance receivables 7,507,132 7,157,557 7,526,063 Allowance for credit losses (193,930 ) (192,471 ) (193,528 ) Finance receivables, net $ 7,313,202 $ 6,965,086 $ 7,332,535
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): July 1, 2018 Retail Wholesale Total Allowance for credit losses, ending balance: Individually evaluated for impairment $ — $ 184 $ 184 Collectively evaluated for impairment 187,502 6,244 193,746 Total allowance for credit losses $ 187,502 $ 6,428 $ 193,930 Finance receivables, ending balance: Individually evaluated for impairment $ — $ 220 $ 220 Collectively evaluated for impairment 6,373,926 1,132,986 7,506,912 Total finance receivables $ 6,373,926 $ 1,133,206 $ 7,507,132 December 31, 2017 Retail Wholesale Total Allowance for credit losses, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 186,254 6,217 192,471 Total allowance for credit losses $ 186,254 $ 6,217 $ 192,471 Finance receivables, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 6,140,600 1,016,957 7,157,557 Total finance receivables $ 6,140,600 $ 1,016,957 $ 7,157,557 June 25, 2017 Retail Wholesale Total Allowance for credit losses, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 185,899 7,629 193,528 Total allowance for credit losses $ 185,899 $ 7,629 $ 193,528 Finance receivables, ending balance: Individually evaluated for impairment $ — $ — $ — Collectively evaluated for impairment 6,267,211 1,258,852 7,526,063 Total finance receivables $ 6,267,211 $ 1,258,852 $ 7,526,063 Changes in the allowance for credit losses on finance receivables by portfolio were as follows (in thousands): Three months ended July 1, 2018 Retail Wholesale Total Balance, beginning of period $ 182,150 $ 8,200 $ 190,350 Provision for credit losses 20,652 (1,772 ) 18,880 Charge-offs (28,947 ) — (28,947 ) Recoveries 13,647 — 13,647 Balance, end of period $ 187,502 $ 6,428 $ 193,930 Three months ended June 25, 2017 Retail Wholesale Total Balance, beginning of period $ 176,068 $ 7,962 $ 184,030 Provision for credit losses 26,550 (333 ) 26,217 Charge-offs (30,374 ) — (30,374 ) Recoveries 13,655 — 13,655 Balance, end of period $ 185,899 $ 7,629 $ 193,528 Six months ended July 1, 2018 Retail Wholesale Total Balance, beginning of period $ 186,254 $ 6,217 $ 192,471 Provision for credit losses 48,721 211 48,932 Charge-offs (74,028 ) — (74,028 ) Recoveries 26,555 — 26,555 Balance, end of period $ 187,502 $ 6,428 $ 193,930 Six months ended June 25, 2017 Retail Wholesale Total Balance, beginning of period $ 166,810 $ 6,533 $ 173,343 Provision for credit losses 68,710 1,096 69,806 Charge-offs (76,298 ) — (76,298 ) Recoveries 26,677 — 26,677 Balance, end of period $ 185,899 $ 7,629 $ 193,528
Impaired Financing Receivables	Additional information related to the wholesale finance receivables that are individually deemed to be impaired under ASC Topic 310, “Receivables,” includes (in thousands): As of July 1, 2018 Three months ended July 1, 2018 Six months ended July 1, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Wholesale: No related allowance recorded $ — $ — $ — $ — $ — $ — $ — Related allowance recorded 251 220 184 251 — 251 — $ 251 $ 220 $ 184 $ 251 $ — $ 251 $ —
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): July 1, 2018 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Total Finance Receivables Retail $ 6,198,906 $ 116,828 $ 35,763 $ 22,429 $ 175,020 $ 6,373,926 Wholesale 1,132,472 516 134 84 734 1,133,206 Total $ 7,331,378 $ 117,344 $ 35,897 $ 22,513 $ 175,754 $ 7,507,132 December 31, 2017 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Total Finance Receivables Retail $ 5,913,473 $ 139,629 $ 47,539 $ 39,959 $ 227,127 $ 6,140,600 Wholesale 1,016,000 595 245 117 957 1,016,957 Total $ 6,929,473 $ 140,224 $ 47,784 $ 40,076 $ 228,084 $ 7,157,557 June 25, 2017 Current 31-60 Days Past Due 61-90 Days Past Due Greater than 90 Days Past Due Total Past Due Total Finance Receivables Retail $ 6,086,592 $ 118,616 $ 36,914 $ 25,089 $ 180,619 $ 6,267,211 Wholesale 1,257,301 281 142 1,128 1,551 1,258,852 Total $ 7,343,893 $ 118,897 $ 37,056 $ 26,217 $ 182,170 $ 7,526,063
Recorded Investment of Finance Receivables by Credit Quality Indicator	The recorded investment in wholesale finance receivables, by internal credit quality indicator, was as follows (in thousands): July 1, December 31, June 25, Doubtful $ 251 $ 688 $ 5,203 Substandard 803 3,837 10,458 Special Mention 2,154 26,866 4,953 Medium Risk 37,045 9,917 8,115 Low Risk 1,092,953 975,649 1,230,123 Total $ 1,133,206 $ 1,016,957 $ 1,258,852 The recorded investment in retail finance receivables, by credit quality indicator, was as follows (in thousands): July 1, December 31, June 25, Prime $ 5,193,641 $ 4,966,193 $ 5,034,187 Sub-prime 1,180,285 1,174,407 1,233,024 Total $ 6,373,926 $ 6,140,600 $ 6,267,211

Derivative Instruments and He32

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jul. 01, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instrument Fair Value	The following tables summarize the fair value of the Company’s derivative financial instruments (in thousands): July 1, 2018 December 31, 2017 June 25, 2017 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) $ 591,901 $ 13,238 $ — $ 675,724 $ 1,388 $ 21,239 $ 544,601 $ 409 $ 4,622 Commodity contracts (c) 803 4 — 915 — 69 1,102 — 75 Interest rate swap - medium-term notes (c) 450,000 — 597 — — — — — — Total $ 1,042,704 $ 13,242 $ 597 $ 676,639 $ 1,388 $ 21,308 $ 545,703 $ 409 $ 4,697 July 1, 2018 December 31, 2017 June 25, 2017 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 $ 4,421 $ 204 $ 28 $ 4,532 $ 381 $ — $ 4,336 $ 49 $ 168 Total $ 4,421 $ 204 $ 28 $ 4,532 $ 381 $ — $ 4,336 $ 49 $ 168 (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 July 1, June 25, July 1, June 25, Foreign currency contracts $ 32,635 $ (11,851 ) $ 26,745 $ (23,648 ) Commodity contracts 4 (80 ) (12 ) (186 ) Treasury rate locks 41 (719 ) 41 (719 ) Interest rate swap - medium-term notes (886 ) — (886 ) — Total $ 31,794 $ (12,650 ) $ 25,888 $ (24,553 ) Amount of Gain/(Loss) Reclassified from AOCL into Income Three months ended Six months ended Expected to be Reclassified Cash Flow Hedges July 1, June 25, July 1, June 25, Over the Next Twelve Months Foreign currency contracts (a) $ 956 $ 3,957 $ (5,753 ) $ 6,473 $ 15,895 Commodity contracts (a) (12 ) 17 (85 ) 65 16 Treasury rate locks (b) (125 ) (99 ) (251 ) (189 ) (492 ) Interest rate swap - medium-term notes (b) (289 ) — (289 ) — (939 ) Total $ 530 $ 3,875 $ (6,378 ) $ 6,349 $ 14,480 (a) Gain/(loss) reclassified from accumulated other comprehensive loss (AOCL) to income is included in cost of goods sold (b) Gain/(loss) reclassified from 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 table summarizes 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 July 1, June 25, July 1, June 25, Commodity contracts (a) $ 195 $ (193 ) $ 201 $ (173 ) Total $ 195 $ (193 ) $ 201 $ (173 ) (a) Gain/(loss) recognized in income is included in cost of goods sold

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 01, 2018
Debt Disclosure [Abstract]
Schedule of Short-term Debt	Debt with a contractual term of one year or less is generally classified as short-term debt and consisted of the following (in thousands): July 1, December 31, June 25, Unsecured commercial paper $ 1,327,307 $ 1,273,482 $ 928,445 Total short-term debt $ 1,327,307 $ 1,273,482 $ 928,445
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): July 1, December 31, June 25, Secured debt (Note 11) Asset-backed Canadian commercial paper conduit facility $ 166,638 $ 174,779 $ 138,739 Asset-backed U.S. commercial paper conduit facilities 300,000 279,457 279,833 Asset-backed securitization debt 169,632 353,085 522,095 Less: unamortized discount and debt issuance costs (202 ) (461 ) (795 ) Total secured debt 636,068 806,860 939,872 Unsecured notes (at par value) 1.55% Medium-term notes due in 2017, issued November 2014 — — 400,000 6.80% Medium-term notes due in 2018, issued May 2008 — 877,488 877,488 2.25% Medium-term notes due in 2019, issued January 2016 600,000 600,000 600,000 Floating-rate Medium-term notes due in 2019, issued March 2017 (a) 150,000 150,000 150,000 2.40% Medium-term notes due in 2019, issued September 2014 600,000 600,000 600,000 2.15% Medium-term notes due in 2020, issued February 2015 600,000 600,000 600,000 Floating-rate Medium-term notes due in 2020, issued May 2018 (b) 450,000 — — 2.40% Medium-term notes due in 2020, issued March 2017 350,000 350,000 350,000 2.85% Medium-term notes due in 2021, issued January 2016 600,000 600,000 600,000 3.55% Medium-term notes due in 2021, issued May 2018 350,000 — — 2.55% Medium-term notes due in 2022, issued June 2017 400,000 400,000 400,000 3.35% Medium-term notes due in 2023, issued February 2018 350,000 — — 3.50% Senior unsecured notes due in 2025, issued July 2015 450,000 450,000 450,000 4.625% Senior unsecured notes due in 2045, issued July 2015 300,000 300,000 300,000 Less: unamortized discount and debt issuance costs (22,259 ) (19,821 ) (23,452 ) Gross long-term debt 5,813,809 5,714,527 6,243,908 Less: current portion of long-term debt, net of unamortized discount and debt issuance costs (945,463 ) (1,127,269 ) (1,565,558 ) Total long-term debt $ 4,868,346 $ 4,587,258 $ 4,678,350

Asset-Backed Financing (Tables)

Asset-Backed Financing (Tables)	6 Months Ended
	Jul. 01, 2018
Transfers and Servicing [Abstract]
Assets and Liabilities Related to the On-Balance Sheet Financing	The following tables show the assets and liabilities related to the on-balance sheet asset-backed financings included in the financial statements (in thousands): July 1, 2018 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt On-balance sheet assets and liabilities Consolidated VIEs Asset-backed securitizations $ 229,201 $ (6,943 ) $ 21,912 $ 465 $ 244,635 $ 169,430 Asset-backed U.S. commercial paper conduit facilities 319,758 (9,710 ) 17,845 815 328,708 300,000 Unconsolidated VIEs Asset-backed Canadian commercial paper conduit facility 192,979 (3,405 ) 11,176 274 201,024 166,638 Total on-balance sheet assets and liabilities $ 741,938 $ (20,058 ) $ 50,933 $ 1,554 $ 774,367 $ 636,068 December 31, 2017 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt On-balance sheet assets and liabilities Consolidated VIEs Asset-backed securitizations $ 439,301 $ (13,686 ) $ 34,919 $ 1,260 $ 461,794 $ 352,624 Asset-backed U.S. commercial paper conduit facilities 300,530 (9,392 ) 13,787 888 305,813 279,457 Unconsolidated VIEs Asset-backed Canadian commercial paper conduit facility 203,691 (3,746 ) 9,983 470 210,398 174,779 Total on-balance sheet assets and liabilities $ 943,522 $ (26,824 ) $ 58,689 $ 2,618 $ 978,005 $ 806,860 June 25, 2017 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt On-balance sheet assets and liabilities Consolidated VIEs Asset-backed securitizations $ 599,754 $ (18,291 ) $ 47,980 $ 1,360 $ 630,803 $ 521,300 Asset-backed U.S. commercial paper conduit facilities 298,700 (9,132 ) 14,993 810 305,371 279,833 Unconsolidated VIEs Asset-backed Canadian commercial paper conduit facility 152,248 (2,911 ) 11,422 203 160,962 138,739 Total on-balance sheet assets and liabilities $ 1,050,702 $ (30,334 ) $ 74,395 $ 2,373 $ 1,097,136 $ 939,872
Transfers of US Retail Motorcycle Finance Receivable [Table Text Block]	The following table includes quarterly transfers of U.S. retail motorcycle finance receivables to the U.S. Conduit and the respective proceeds (in thousands): 2018 2017 Transfers Proceeds Transfers Proceeds First quarter $ 32,900 $ 29,300 $ 333,400 $ 300,000 Second quarter 59,100 53,300 28,200 24,000 $ 92,000 $ 82,600 $ 361,600 $ 324,000
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): 2018 2017 Transfers Proceeds Transfers Proceeds First quarter $ 7,600 $ 6,200 $ 6,300 $ 5,500 Second quarter 38,900 32,200 14,200 12,400 $ 46,500 $ 38,400 $ 20,500 $ 17,900
Schedule of Servicing Activities	The unpaid principal balance of retail motorcycle finance receivables serviced by the Company was as follows (in thousands): July 1, December 31, June 25, On-balance sheet retail motorcycle finance receivables $ 6,227,634 $ 5,993,185 $ 6,121,372 Off-balance sheet retail motorcycle finance receivables 109,578 146,425 187,769 Total serviced retail motorcycle finance receivables $ 6,337,212 $ 6,139,610 $ 6,309,141 The unpaid principal balance of retail motorcycle finance receivables serviced by the Company 30 days or more delinquent was as follows (in thousands): Amount 30 days or more past due: July 1, December 31, June 25, On-balance sheet retail motorcycle finance receivables $ 175,020 $ 227,127 $ 180,619 Off-balance sheet retail motorcycle finance receivables 1,591 2,106 1,659 Total serviced retail motorcycle finance receivables $ 176,611 $ 229,233 $ 182,278 Credit losses, net of recoveries for the retail motorcycle finance receivables serviced by the Company were as follows (in thousands): Three months ended Six months ended July 1, June 25, July 1, June 25, On-balance sheet retail motorcycle finance receivables $ 15,300 $ 16,719 $ 47,473 $ 49,621 Off-balance sheet retail motorcycle finance receivables 137 152 498 566 Total serviced retail motorcycle finance receivables $ 15,437 $ 16,871 $ 47,971 $ 50,187

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jul. 01, 2018
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): July 1, 2018 Balance Quoted Prices in Significant Significant Assets: Cash equivalents $ 691,983 $ 446,454 $ 245,529 $ — Marketable securities 49,537 49,537 — — Derivatives 13,446 — 13,446 — Total $ 754,966 $ 495,991 $ 258,975 $ — Liabilities: Derivatives $ 625 $ — $ 625 $ — December 31, 2017 Balance Quoted Prices in Significant Significant Assets: Cash equivalents $ 488,432 $ 358,500 $ 129,932 $ — Marketable securities 48,006 48,006 — — Derivatives 1,769 — 1,769 — Total $ 538,207 $ 406,506 $ 131,701 $ — Liabilities: Derivatives $ 21,308 $ — $ 21,308 $ — June 25, 2017 Balance Quoted Prices in Significant Significant Assets: Cash equivalents $ 625,485 $ 375,550 $ 249,935 $ — Marketable securities 44,156 44,156 — — Derivatives 458 — 458 — Total $ 670,099 $ 419,706 $ 250,393 $ — Liabilities: Derivatives $ 4,865 $ — $ 4,865 $ —
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 remaining financial instruments that are measured at cost or amortized cost (in thousands): July 1, 2018 December 31, 2017 June 25, 2017 Fair Value Carrying Value Fair Value Carrying Value Fair Value Carrying Value Assets: Finance receivables, net $ 7,375,644 $ 7,313,202 $ 7,021,549 $ 6,965,086 $ 7,401,974 $ 7,332,535 Liabilities: Unsecured commercial paper $ 1,327,307 $ 1,327,307 $ 1,273,482 $ 1,273,482 $ 928,445 $ 928,445 Asset-backed U.S. commercial paper conduit facilities $ 300,000 $ 300,000 $ 279,457 $ 279,457 $ 279,833 $ 279,833 Asset-backed Canadian commercial paper conduit facility $ 166,638 $ 166,638 $ 174,779 $ 174,779 $ 138,739 $ 138,739 Medium-term notes $ 4,398,478 $ 4,435,449 $ 4,189,092 $ 4,165,706 $ 4,623,146 $ 4,562,403 Senior unsecured notes $ 719,152 $ 742,292 $ 784,433 $ 741,961 $ 773,084 $ 741,633 Asset-backed securitization debt $ 168,941 $ 169,430 $ 351,767 $ 352,624 $ 521,956 $ 521,300

Product Warranty and Safety R36

Product Warranty and Safety Recall Campaigns (Tables)	6 Months Ended
	Jul. 01, 2018
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 July 1, June 25, July 1, June 25, Balance, beginning of period $ 95,075 $ 78,211 $ 94,202 $ 79,482 Warranties issued during the period 16,904 18,084 31,510 34,836 Settlements made during the period (21,777 ) (21,200 ) (38,415 ) (40,533 ) Recalls and changes to pre-existing warranty liabilities (259 ) 5,586 2,646 6,896 Balance, end of period $ 89,943 $ 80,681 $ 89,943 $ 80,681

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jul. 01, 2018
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Costs	Components of net periodic benefit costs were as follows (in thousands): Three months ended Six months ended July 1, June 25, July 1, June 25, Pension and SERPA Benefits Service cost $ 8,063 $ 7,896 $ 16,218 $ 15,792 Interest cost 20,729 21,269 41,319 42,538 Expected return on plan assets (36,926 ) (35,345 ) (73,817 ) (70,690 ) Amortization of unrecognized: Prior service (credit) cost (105 ) 254 (211 ) 508 Net loss 16,318 10,998 32,137 21,996 Curtailment loss — — 1,018 — Net periodic benefit cost $ 8,079 $ 5,072 $ 16,664 $ 10,144 Postretirement Healthcare Benefits Service cost $ 1,789 $ 1,875 $ 3,601 $ 3,750 Interest cost 2,886 3,412 5,783 6,824 Expected return on plan assets (3,541 ) (3,156 ) (7,082 ) (6,312 ) Amortization of unrecognized: Prior service credit (460 ) (543 ) (920 ) (1,086 ) Net loss 454 815 908 1,630 Net periodic benefit cost $ 1,128 $ 2,403 $ 2,290 $ 4,806

Accumulated Other Comprehensi38

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jul. 01, 2018
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 July 1, 2018 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (14,937 ) $ — $ (16,489 ) $ (375,178 ) $ (406,604 ) Other comprehensive (loss) income before reclassifications (26,482 ) — 31,794 — 5,312 Income tax expense — — (7,476 ) — (7,476 ) Net other comprehensive (loss) income before reclassifications (26,482 ) — 24,318 — (2,164 ) Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (956 ) — (956 ) Realized (gains) losses - commodity contracts (a) — — 12 — 12 Realized (gains) losses - treasury rate locks (b) — — 125 — 125 Realized (gains) losses - interest rate swap (b) — — 289 — 289 Prior service credits (c) — — — (565 ) (565 ) Actuarial losses (c) — — — 16,772 16,772 Total reclassifications before tax — — (530 ) 16,207 15,677 Income tax benefit (expense) — — 132 (3,805 ) (3,673 ) Net reclassifications — — (398 ) 12,402 12,004 Other comprehensive (loss) income (26,482 ) — 23,920 12,402 9,840 Balance, end of period $ (41,419 ) $ — $ 7,431 $ (362,776 ) $ (396,764 ) Three months ended June 25, 2017 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (52,575 ) $ (1,204 ) $ 3,472 $ (501,323 ) $ (551,630 ) Other comprehensive income (loss) before reclassifications 9,447 1,912 (12,650 ) — (1,291 ) Income tax benefit (expense) 190 (708 ) 4,678 — 4,160 Net other comprehensive income (loss) before reclassifications 9,637 1,204 (7,972 ) — 2,869 Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (3,957 ) — (3,957 ) Realized (gains) losses - commodity contracts (a) — — (17 ) — (17 ) Realized (gains) losses - treasury rate locks (b) — — 99 — 99 Prior service credits (c) — — — (289 ) (289 ) Actuarial losses (c) — — — 11,813 11,813 Total reclassifications before tax — — (3,875 ) 11,524 7,649 Income tax benefit (expense) — — 1,435 (4,268 ) (2,833 ) Net reclassifications — — (2,440 ) 7,256 4,816 Other comprehensive income (loss) 9,637 1,204 (10,412 ) 7,256 7,685 Balance, end of period $ (42,938 ) $ — $ (6,940 ) $ (494,067 ) $ (543,945 ) Six months ended July 1, 2018 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (21,852 ) $ — $ (17,254 ) $ (460,943 ) $ (500,049 ) Other comprehensive (loss) income before reclassifications (19,567 ) — 25,888 96,374 102,695 Income tax expense — — (6,089 ) (22,629 ) (28,718 ) Net other comprehensive (loss) income before reclassifications (19,567 ) — 19,799 73,745 73,977 Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — 5,753 — 5,753 Realized (gains) losses - commodity contracts (a) — — 85 — 85 Realized (gains) losses - treasury rate locks (b) — — 251 — 251 Realized (gains) losses - interest rate swap (b) — — 289 — 289 Prior service credits (c) — — — (1,131 ) (1,131 ) Actuarial losses (c) — — — 33,045 33,045 Total reclassifications before tax — — 6,378 31,914 38,292 Income tax expense — — (1,492 ) (7,492 ) (8,984 ) Net reclassifications — — 4,886 24,422 29,308 Other comprehensive (loss) income (19,567 ) — 24,685 98,167 103,285 Balance, end of period $ (41,419 ) $ — $ 7,431 $ (362,776 ) $ (396,764 ) Six months ended June 25, 2017 Foreign currency translation adjustments Marketable securities Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (68,132 ) $ (1,194 ) $ 12,524 $ (508,579 ) $ (565,381 ) Other comprehensive income (loss) before reclassifications 25,080 1,896 (24,553 ) — 2,423 Income tax benefit (expense) 114 (702 ) 9,087 — 8,499 Net other comprehensive income (loss) before reclassifications 25,194 1,194 (15,466 ) — 10,922 Reclassifications: Realized (gains) losses - foreign currency contracts (a) — — (6,473 ) — (6,473 ) Realized (gains) losses - commodity contracts (a) — — (65 ) — (65 ) Realized (gains) losses - treasury rate locks (b) — — 189 — 189 Prior service credits (c) — — — (578 ) (578 ) Actuarial losses (c) — — — 23,626 23,626 Total reclassifications before tax — — (6,349 ) 23,048 16,699 Income tax benefit (expense) — — 2,351 (8,536 ) (6,185 ) Net reclassifications — — (3,998 ) 14,512 10,514 Other comprehensive income (loss) 25,194 1,194 (19,464 ) 14,512 21,436 Balance, end of period $ (42,938 ) $ — $ (6,940 ) $ (494,067 ) $ (543,945 ) (a) Amounts reclassified to net income are included in Motorcycles and Related Products cost of goods sold. (b) Amounts reclassified to net income are included in interest expense. (c) Amounts reclassified are included in the computation of net periodic benefit cost. See Note 14 for information related to pension and postretirement benefit plans.

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jul. 01, 2018
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 July 1, June 25, July 1, June 25, Motorcycles net revenue $ 1,525,121 $ 1,577,135 $ 2,889,068 $ 2,905,846 Gross profit 532,085 572,962 1,005,858 1,047,785 Selling, administrative and engineering expense 276,309 255,610 530,402 493,887 Restructuring expense 12,370 — 59,212 — Operating income from Motorcycles 243,406 317,352 416,244 553,898 Financial Services revenue 188,102 188,034 366,276 361,255 Financial Services expense 107,561 106,099 222,156 226,684 Operating income from Financial Services 80,541 81,935 144,120 134,571 Operating income $ 323,947 $ 399,287 $ 560,364 $ 688,469

Supplemental Consolidating Da40

Supplemental Consolidating Data (Tables)	6 Months Ended
	Jul. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operations	Three months ended July 1, 2018 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 1,528,045 $ — $ (2,924 ) $ 1,525,121 Financial Services — 188,788 (686 ) 188,102 Total revenue 1,528,045 188,788 (3,610 ) 1,713,223 Costs and expenses: Motorcycles and Related Products cost of goods sold 993,036 — — 993,036 Financial Services interest expense — 51,943 — 51,943 Financial Services provision for credit losses — 18,880 — 18,880 Selling, administrative and engineering expense 276,827 39,663 (3,443 ) 313,047 Restructuring expense 12,370 — — 12,370 Total costs and expenses 1,282,233 110,486 (3,443 ) 1,389,276 Operating income 245,812 78,302 (167 ) 323,947 Other income (expense), net 645 — — 645 Investment income 2,533 — — 2,533 Interest expense 7,728 — — 7,728 Income before provision for income taxes 241,262 78,302 (167 ) 319,397 Provision for income taxes 59,683 17,376 — 77,059 Net income $ 181,579 $ 60,926 $ (167 ) $ 242,338 Six months ended July 1, 2018 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 2,894,291 $ — $ (5,223 ) $ 2,889,068 Financial Services — 367,248 (972 ) 366,276 Total revenue 2,894,291 367,248 (6,195 ) 3,255,344 Costs and expenses: Motorcycles and Related Products cost of goods sold 1,883,210 — — 1,883,210 Financial Services interest expense — 100,393 — 100,393 Financial Services provision for credit losses — 48,932 — 48,932 Selling, administrative and engineering expense 531,228 78,054 (6,049 ) 603,233 Restructuring expense 59,212 — — 59,212 Total costs and expenses 2,473,650 227,379 (6,049 ) 2,694,980 Operating income 420,641 139,869 (146 ) 560,364 Other income (expense), net 865 — — 865 Investment income 113,736 — (110,000 ) 3,736 Interest expense 15,418 — — 15,418 Income before provision for income taxes 519,824 139,869 (110,146 ) 549,547 Provision for income taxes 99,916 32,530 — 132,446 Net income $ 419,908 $ 107,339 $ (110,146 ) $ 417,101 Three months ended June 25, 2017 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 1,580,109 $ — $ (2,974 ) $ 1,577,135 Financial Services — 188,712 (678 ) 188,034 Total revenue 1,580,109 188,712 (3,652 ) 1,765,169 Costs and expenses: Motorcycles and Related Products cost of goods sold 1,004,173 — — 1,004,173 Financial Services interest expense — 44,408 — 44,408 Financial Services provision for credit losses — 26,217 — 26,217 Selling, administrative and engineering expense 256,147 38,448 (3,511 ) 291,084 Total costs and expenses 1,260,320 109,073 (3,511 ) 1,365,882 Operating income 319,789 79,639 (141 ) 399,287 Other income (expense), net 2,295 — — 2,295 Investment income 577 — — 577 Interest expense 7,726 — — 7,726 Income before provision for income taxes 314,935 79,639 (141 ) 394,433 Provision for income taxes 106,035 29,531 — 135,566 Net income $ 208,900 $ 50,108 $ (141 ) $ 258,867 Six months ended June 25, 2017 HDMC Entities HDFS Entities Eliminations Consolidated Revenue: Motorcycles and Related Products $ 2,910,727 $ — $ (4,881 ) $ 2,905,846 Financial Services — 362,269 (1,014 ) 361,255 Total revenue 2,910,727 362,269 (5,895 ) 3,267,101 Costs and expenses: Motorcycles and Related Products cost of goods sold 1,858,061 — — 1,858,061 Financial Services interest expense — 87,697 — 87,697 Financial Services provision for credit losses — 69,806 — 69,806 Selling, administrative and engineering expense 494,777 74,062 (5,771 ) 563,068 Total costs and expenses 2,352,838 231,565 (5,771 ) 2,578,632 Operating income 557,889 130,704 (124 ) 688,469 Other income (expense), net 4,591 — — 4,591 Investment income 107,456 — (106,000 ) 1,456 Interest expense 15,399 — — 15,399 Income before provision for income taxes 654,537 130,704 (106,124 ) 679,117 Provision for income taxes 185,192 48,689 — 233,881 Net income $ 469,345 $ 82,015 $ (106,124 ) $ 445,236
Balance Sheet	July 1, 2018 HDMC Entities HDFS Entities Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 627,783 $ 350,966 $ — $ 978,749 Accounts receivable, net 669,266 — (333,672 ) 335,594 Finance receivables, net — 2,252,956 — 2,252,956 Inventories 465,373 — — 465,373 Restricted cash — 44,386 — 44,386 Other current assets 124,521 41,841 — 166,362 Total current assets 1,886,943 2,690,149 (333,672 ) 4,243,420 Finance receivables, net — 5,060,246 — 5,060,246 Property, plant and equipment, net 854,681 49,432 — 904,113 Prepaid pension costs 131,497 — — 131,497 Goodwill 55,451 — — 55,451 Deferred income taxes 27,043 41,696 (1,234 ) 67,505 Other long-term assets 151,691 19,999 (87,900 ) 83,790 $ 3,107,306 $ 7,861,522 $ (422,806 ) $ 10,546,022 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 262,562 $ 358,324 $ (333,672 ) $ 287,214 Accrued liabilities 481,402 90,416 622 572,440 Short-term debt — 1,327,307 — 1,327,307 Current portion of long-term debt, net — 945,463 — 945,463 Total current liabilities 743,964 2,721,510 (333,050 ) 3,132,424 Long-term debt, net 742,292 4,126,054 — 4,868,346 Pension liability 55,819 — — 55,819 Postretirement healthcare liability 113,464 — — 113,464 Other long-term liabilities 174,412 36,997 3,034 214,443 Commitments and contingencies (Note 15) Shareholders’ equity 1,277,355 976,961 (92,790 ) 2,161,526 $ 3,107,306 $ 7,861,522 $ (422,806 ) $ 10,546,022 December 31, 2017 HDMC Entities HDFS Entities Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 338,186 $ 349,335 $ — $ 687,521 Accounts receivable, net 483,709 — (153,723 ) 329,986 Finance receivables, net — 2,105,662 — 2,105,662 Inventories 538,202 — — 538,202 Restricted cash — 47,518 — 47,518 Other current assets 132,999 48,521 (5,667 ) 175,853 Total current assets 1,493,096 2,551,036 (159,390 ) 3,884,742 Finance receivables, net — 4,859,424 — 4,859,424 Property, plant and equipment, net 922,280 45,501 — 967,781 Prepaid pension costs 19,816 — — 19,816 Goodwill 55,947 — — 55,947 Deferred income taxes 66,877 43,515 (1,319 ) 109,073 Other long-term assets 138,344 23,593 (86,048 ) 75,889 $ 2,696,360 $ 7,523,069 $ (246,757 ) $ 9,972,672 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 214,263 $ 167,057 $ (153,723 ) $ 227,597 Accrued liabilities 444,028 90,942 (5,148 ) 529,822 Short-term debt — 1,273,482 — 1,273,482 Current portion of long-term debt, net — 1,127,269 — 1,127,269 Total current liabilities 658,291 2,658,750 (158,871 ) 3,158,170 Long-term debt, net 741,961 3,845,297 — 4,587,258 Pension liability 54,606 — — 54,606 Postretirement healthcare liability 118,753 — — 118,753 Other long-term liabilities 171,200 35,503 2,905 209,608 Commitments and contingencies (Note 15) Shareholders’ equity 951,549 983,519 (90,791 ) 1,844,277 $ 2,696,360 $ 7,523,069 $ (246,757 ) $ 9,972,672 June 25, 2017 HDMC Entities HDFS Entities Eliminations Consolidated ASSETS Current assets: Cash and cash equivalents $ 586,892 $ 401,584 $ — $ 988,476 Accounts receivable, net 709,343 — (378,410 ) 330,933 Finance receivables, net — 2,338,533 — 2,338,533 Inventories 372,012 — — 372,012 Restricted cash — 63,225 — 63,225 Other current assets 108,162 43,261 — 151,423 Total current assets 1,776,409 2,846,603 (378,410 ) 4,244,602 Finance receivables, net — 4,994,002 — 4,994,002 Property, plant and equipment, net 905,244 41,082 — 946,326 Goodwill 54,630 — — 54,630 Deferred income taxes 100,949 71,108 (1,699 ) 170,358 Other long-term assets 139,742 22,740 (84,629 ) 77,853 $ 2,976,974 $ 7,975,535 $ (464,738 ) $ 10,487,771 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 298,372 $ 407,384 $ (378,410 ) $ 327,346 Accrued liabilities 441,102 92,217 93 533,412 Short-term debt — 928,445 — 928,445 Current portion of long-term debt, net — 1,565,558 — 1,565,558 Total current liabilities 739,474 2,993,604 (378,317 ) 3,354,761 Long-term debt, net 741,633 3,936,717 — 4,678,350 Pension liability 51,797 — — 51,797 Postretirement healthcare liability 166,023 — — 166,023 Other long-term liabilities 155,086 32,714 2,873 190,673 Commitments and contingencies (Note 15) Shareholders’ equity 1,122,961 1,012,500 (89,294 ) 2,046,167 $ 2,976,974 $ 7,975,535 $ (464,738 ) $ 10,487,771
Cash Flows	Six months ended July 1, 2018 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from operating activities: Net income $ 419,908 $ 107,339 $ (110,146 ) $ 417,101 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of intangibles 127,935 2,126 — 130,061 Amortization of deferred loan origination costs — 39,396 — 39,396 Amortization of financing origination fees 331 3,802 — 4,133 Provision for long-term employee benefits 18,954 — — 18,954 Employee benefit plan contributions and payments (6,422 ) — — (6,422 ) Stock compensation expense 17,229 1,852 — 19,081 Net change in wholesale finance receivables related to sales — — (171,195 ) (171,195 ) Provision for credit losses — 48,932 — 48,932 Deferred income taxes (443 ) 2,043 (85 ) 1,515 Other, net 20,993 (245 ) 146 20,894 Changes in current assets and liabilities: Accounts receivable, net (194,831 ) — 179,949 (14,882 ) Finance receivables - accrued interest and other — 4,228 — 4,228 Inventories 63,957 — — 63,957 Accounts payable and accrued liabilities 137,644 192,410 (168,953 ) 161,101 Derivative instruments (205 ) 69 — (136 ) Other 2,924 1,884 (5,667 ) (859 ) Total adjustments 188,066 296,497 (165,805 ) 318,758 Net cash provided by operating activities 607,974 403,836 (275,951 ) 735,859 Six months ended July 1, 2018 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from investing activities: Capital expenditures (63,236 ) (6,057 ) — (69,293 ) Origination of finance receivables — (4,046,125 ) 2,046,339 (1,999,786 ) Collections on finance receivables — 3,593,272 (1,880,388 ) 1,712,884 Other (11,758 ) — — (11,758 ) Net cash used by investing activities (74,994 ) (458,910 ) 165,951 (367,953 ) Cash flows from financing activities: Proceeds from issuance of medium-term notes — 1,144,018 — 1,144,018 Repayments of medium-term notes — (877,488 ) — (877,488 ) Repayments of securitization debt — (183,453 ) — (183,453 ) Borrowings of asset-backed commercial paper — 120,903 — 120,903 Repayments of asset-backed commercial paper — (100,660 ) — (100,660 ) Net increase in credit facilities and unsecured commercial paper — 56,280 — 56,280 Dividends paid (124,680 ) (110,000 ) 110,000 (124,680 ) Purchase of common stock for treasury (111,227 ) — — (111,227 ) Issuance of common stock under employee stock option plans 1,965 — — 1,965 Net cash (used) provided by financing activities (233,942 ) 49,600 110,000 (74,342 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash (9,441 ) (650 ) — (10,091 ) Net increase (decrease) in cash, cash equivalents and restricted cash $ 289,597 $ (6,124 ) $ — $ 283,473 Cash, cash equivalents and restricted cash: Cash, cash equivalents and restricted cash—beginning of period $ 338,186 $ 408,024 $ — $ 746,210 Net increase (decrease) in cash, cash equivalents and restricted cash 289,597 (6,124 ) — 283,473 Cash, cash equivalents and restricted cash—end of period $ 627,783 $ 401,900 $ — $ 1,029,683 Six months ended June 25, 2017 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from operating activities: Net income $ 469,345 $ 82,015 $ (106,124 ) $ 445,236 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of intangibles 104,157 3,421 — 107,578 Amortization of deferred loan origination costs — 40,771 — 40,771 Amortization of financing origination fees 327 3,752 — 4,079 Provision for long-term employee benefits 14,950 — — 14,950 Employee benefit plan contributions and payments (37,307 ) — — (37,307 ) Stock compensation expense 15,995 1,502 — 17,497 Net change in wholesale finance receivables related to sales — — (271,927 ) (271,927 ) Provision for credit losses — 69,806 — 69,806 Deferred income taxes 4,975 (4,586 ) (211 ) 178 Other, net (6,422 ) 2,134 125 (4,163 ) Changes in current assets and liabilities: Accounts receivable, net (241,569 ) — 213,330 (28,239 ) Finance receivables - accrued interest and other — 2,067 — 2,067 Inventories 138,942 — — 138,942 Accounts payable and accrued liabilities 112,916 228,247 (208,043 ) 133,120 Derivative instruments 3,106 8 — 3,114 Other (8,683 ) 98 (49 ) (8,634 ) Total adjustments 101,387 347,220 (266,775 ) 181,832 Net cash provided by operating activities 570,732 429,235 (372,899 ) 627,068 Six months ended June 25, 2017 HDMC Entities HDFS Entities Eliminations Consolidated Cash flows from investing activities: Capital expenditures (64,273 ) (5,543 ) — (69,816 ) Origination of finance receivables — (4,205,868 ) 2,228,029 (1,977,839 ) Collections on finance receivables — 3,608,929 (1,961,130 ) 1,647,799 Other 7,031 — — 7,031 Net cash used by investing activities (57,242 ) (602,482 ) 266,899 (392,825 ) Cash flows from financing activities: Proceeds from issuance of medium-term notes — 893,668 — 893,668 Repayments of medium-term notes — (400,000 ) — (400,000 ) Repayments of securitization debt — (275,659 ) — (275,659 ) Borrowings of asset-backed commercial paper — 341,625 — 341,625 Repayments of asset-backed commercial paper — (77,732 ) — (77,732 ) Net decrease in credit facilities and unsecured commercial paper — (128,787 ) — (128,787 ) Dividends paid (128,452 ) (106,000 ) 106,000 (128,452 ) Purchase of common stock for treasury (243,055 ) — — (243,055 ) Issuance of common stock under employee stock option plans 7,432 — — 7,432 Net cash (used) provided by financing activities (364,075 ) 247,115 106,000 (10,960 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 11,937 520 — 12,457 Net increase in cash, cash equivalents and restricted cash $ 161,352 $ 74,388 $ — $ 235,740 Cash, cash equivalents and restricted cash: Cash, cash equivalents and restricted cash—beginning of period $ 425,540 $ 401,591 $ — $ 827,131 Net increase in cash, cash equivalents and restricted cash 161,352 74,388 — 235,740 Cash, cash equivalents and restricted cash—end of period $ 586,892 $ 475,979 $ — $ 1,062,871

Basis of Presentation and Use41

Basis of Presentation and Use of Estimates (Narrative) (Detail)	6 Months Ended
	Jul. 01, 2018segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	2

New Accounting Standards New 42

New Accounting Standards New Accounting Standards (Impact of adoption of ASU 2014-09) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017	Jan. 01, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Motorcycles and Related Products	$ 1,525,121	$ 1,577,135	$ 2,889,068	$ 2,905,846
Motorcycles and Related Products cost of goods sold	993,036	1,004,173	1,883,210	1,858,061
Operating income	323,947	399,287	560,364	688,469
Income before provision for income taxes	319,397	394,433	549,547	679,117
Provision for income taxes	77,059	135,566	132,446	233,881
Net income	242,338	258,867	417,101	445,236
Other current assets	166,362	151,423	166,362	151,423		$ 175,853
Deferred income taxes	67,505	170,358	67,505	170,358		109,073
Accrued liabilities	572,440	533,412	572,440	533,412		529,822
Retained earnings	1,906,015	$ 1,654,457	1,906,015	$ 1,654,457		$ 1,607,570
Calculated under Revenue Guidance in Effect before Topic 606 [Member] | Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Motorcycles and Related Products	1,500,384		2,868,368
Motorcycles and Related Products cost of goods sold	974,385		1,864,623
Operating income	317,861		558,251
Income before provision for income taxes	313,311		547,434
Provision for income taxes	75,584		131,934
Net income	237,727		415,500
Other current assets	201,405		201,405
Deferred income taxes	69,353		69,353
Accrued liabilities	616,956		616,956
Retained earnings	1,898,390		1,898,390
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Motorcycles and Related Products	24,737		20,700
Motorcycles and Related Products cost of goods sold	18,651		18,587
Operating income	6,086		2,113
Income before provision for income taxes	6,086		2,113
Provision for income taxes	1,475		512
Net income	4,611		1,601
Other current assets	(35,043)		(35,043)
Deferred income taxes	(1,848)		(1,848)
Accrued liabilities	(44,516)		(44,516)
Retained earnings	$ 7,625		$ 7,625		$ 6,000

New Accounting Standards New 43

New Accounting Standards New Accounting Standards (Impact of adoption of ASU 2017-07) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Motorcycles and Related Products cost of goods sold	$ 993,036	$ 1,004,173	$ 1,883,210	$ 1,858,061
Selling, administrative and engineering expense	$ 313,047	291,084	$ 603,233	563,068
Adjustments for New Accounting Pronouncement [Member] | Restatement Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Motorcycles and Related Products cost of goods sold		2,700		5,300
Selling, administrative and engineering expense		$ (400)		$ (700)

Revenue (Disaggregation of Reve

Revenue (Disaggregation of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Disaggregation of Revenue [Line Items]
Motorcycles and Related Products	$ 1,525,121	$ 1,577,135	$ 2,889,068	$ 2,905,846
Financial Services	188,102	188,034	366,276	361,255
Revenues	1,713,223	1,765,169	3,255,344	3,267,101
Motorcycles and Related Products
Disaggregation of Revenue [Line Items]
Motorcycles and Related Products	1,525,121		2,889,068
Motorcycles and Related Products | Motorcycles
Disaggregation of Revenue [Line Items]
Motorcycles and Related Products	1,201,453		2,323,126
Motorcycles and Related Products | Parts & Accessories
Disaggregation of Revenue [Line Items]
Motorcycles and Related Products	231,014		400,089
Motorcycles and Related Products | General Merchandise
Disaggregation of Revenue [Line Items]
Motorcycles and Related Products	68,653		125,254
Motorcycles and Related Products | Licensing
Disaggregation of Revenue [Line Items]
Motorcycles and Related Products	10,407		18,765
Motorcycles and Related Products | Other
Disaggregation of Revenue [Line Items]
Motorcycles and Related Products	13,594		21,834
Financial Services
Disaggregation of Revenue [Line Items]
Financial Services	188,102		366,276
Financial Services | Financial Services Interest income
Disaggregation of Revenue [Line Items]
Financial Services	158,639		312,680
Financial Services | Securitization and servicing fee income
Disaggregation of Revenue [Line Items]
Financial Services	304		656
Financial Services | Financial Services Other income
Disaggregation of Revenue [Line Items]
Financial Services	29,159		52,940
Operating Segments | Motorcycles and Related Products
Disaggregation of Revenue [Line Items]
Motorcycles and Related Products	1,525,121	1,577,135	2,889,068	2,905,846
Operating Segments | Financial Services
Disaggregation of Revenue [Line Items]
Financial Services	$ 188,102	$ 188,034	$ 366,276	$ 361,255

Revenue (Performance Obligation

Revenue (Performance Obligations) (Details)	6 Months Ended
	Jul. 01, 2018
Motorcycles and Related Products | Licensing
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Sale Payment Terms	30 days
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	6 years
Financial Services | Financial Services Other income
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	6 years
Minimum [Member] | Motorcycles and Related Products | Parts & Accessories
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Sale Payment Terms	30 days
Minimum [Member] | Motorcycles and Related Products | Motorcycles
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Sale Payment Terms	30 days
Minimum [Member] | Motorcycles and Related Products | General Merchandise
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Sale Payment Terms	30 days
Maximum [Member] | Motorcycles and Related Products | Parts & Accessories
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Sale Payment Terms	120 days
Maximum [Member] | Motorcycles and Related Products | Motorcycles
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Sale Payment Terms	120 days
Maximum [Member] | Motorcycles and Related Products | General Merchandise
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Sale Payment Terms	120 days

Revenue (Contract Liabilities)

Revenue (Contract Liabilities) (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 01, 2018	Jul. 01, 2018	Jan. 01, 2018
Contract with Customer, Liability [Abstract]
Contract with Customer, Liability			$ 23.4
Contract with Customer, Liability, Revenue Recognized	$ 5.1	$ 9.1
Licensing | Motorcycles and Related Products
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		6 years
Financial Services Other income | Financial Services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		6 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		1 year
Revenue, Remaining Performance Obligation	10.8	$ 10.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period		1 year
Revenue, Remaining Performance Obligation	9.8	$ 9.8
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period
Revenue, Remaining Performance Obligation	$ 30.8	$ 30.8

Restructuring Expenses Restruct

Restructuring Expenses Restructuring Expenses (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 01, 2018USD ($)Rate	Jul. 01, 2018USD ($)EmployeesRate
2018 Kansas City Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Number of Positions Eliminated | Employees		800
Restructuring and Related Cost, Expected Number of Positions Added | Employees		450
2018 Adelaide Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Number of Positions Eliminated | Employees		90
Motorcycles and Related Products
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost, Percentage Paid In Cash | Rate	70.00%	70.00%
Motorcycles and Related Products | Temporary Inefficiencies [Member] | Cost of Sales
Restructuring Cost and Reserve [Line Items]
Cost of Goods Sold	$ 2.4	$ 3.1
Minimum [Member] | Motorcycles and Related Products
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	170	170
Minimum [Member] | Motorcycles and Related Products | Restructuring Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	135	135
Minimum [Member] | Motorcycles and Related Products | Temporary Inefficiencies [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	35	35
Minimum [Member] | Motorcycles and Related Products | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	50	50
Minimum [Member] | Motorcycles and Related Products | Accelerated Depreciation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	45	45
Minimum [Member] | Motorcycles and Related Products | Project Implementation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	40	40
Maximum [Member] | Motorcycles and Related Products
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	200	200
Maximum [Member] | Motorcycles and Related Products | Restructuring Expense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	155	155
Maximum [Member] | Motorcycles and Related Products | Temporary Inefficiencies [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	45	45
Maximum [Member] | Motorcycles and Related Products | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	60	60
Maximum [Member] | Motorcycles and Related Products | Accelerated Depreciation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	50	50
Maximum [Member] | Motorcycles and Related Products | Project Implementation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	$ 45	$ 45

Restructuring Expenses Restru48

Restructuring Expenses Restructuring Expenses (Restructuring Plan Reserve Recorded in Accrued Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring reserve, reversal of previously recognized expense	$ 1,700
Restructuring Reserve [Roll Forward]
Restructuring expense	12,370	$ 0	$ 59,212	$ 0
Motorcycles and Related Products
Restructuring Reserve [Roll Forward]
Balance, beginning of period	38,350		0
Restructuring expense	12,370		59,212
Utilized - cash	(3,926)		(6,600)
Utilized - non cash	(9,746)		(15,359)
Foreign currency changes	(213)		(418)
Balance, end of period	36,835		36,835
Motorcycles and Related Products | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Balance, beginning of period	38,287		0
Restructuring expense	(1,186)		39,605
Utilized - cash	(133)		(2,433)
Utilized - non cash	0		0
Foreign currency changes	(210)		(414)
Balance, end of period	36,758		36,758
Motorcycles and Related Products | Project Implementation Costs [Member]
Restructuring Reserve [Roll Forward]
Balance, beginning of period	63		0
Restructuring expense	3,810		4,248
Utilized - cash	(3,793)		(4,167)
Utilized - non cash	0		0
Foreign currency changes	(3)		(4)
Balance, end of period	77		77
Motorcycles and Related Products | Accelerated Depreciation [Member]
Restructuring Reserve [Roll Forward]
Balance, beginning of period	0		0
Restructuring expense	9,746		15,359
Utilized - cash	0		0
Utilized - non cash	(9,746)		(15,359)
Foreign currency changes	0		0
Balance, end of period	$ 0		$ 0

Income Taxes (Detail)

Income Taxes (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Dec. 31, 2017	Jul. 01, 2018	Jun. 25, 2017
Income Tax Disclosure [Abstract]
Income tax rate		24.10%	34.40%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount	$ 53.1

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares considered anti-dilutive and excluded from computation	1.5	0.6	1.3	0.7

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
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Numerator:
Net income used in computing basic and diluted earnings per share	$ 242,338	$ 258,867	$ 417,101	$ 445,236
Denominator:
Denominator for basic earnings per share - weighted-average common shares (in shares)	166,589	174,409	167,364	175,178
Effect of dilutive securities - employee stock compensation plan (in shares)	615	915	825	992
Denominator for diluted earnings per share - adjusted weighted-average shares outstanding (in shares)	167,204	175,324	168,189	176,170
Basic (in dollars per share)	$ 1.45	$ 1.48	$ 2.49	$ 2.54
Diluted (in dollars per share)	$ 1.45	$ 1.48	$ 2.48	$ 2.53

Additional Balance Sheet and 52

Additional Balance Sheet and Cash Flow Information (Marketable Securities) (Detail) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Mutual funds	$ 49,537	$ 48,006	$ 44,156
Marketable Securities	$ 49,537	$ 48,006	$ 44,156

Additional Balance Sheet and 53

Additional Balance Sheet and Cash Flow Information (Inventories, Net) (Detail) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Inventory [Line Items]
Raw materials and work in process	$ 154,921	$ 161,664	$ 117,199
Inventory at lower of FIFO cost or net realizable value	517,728	590,557	420,279
Excess of FIFO over LIFO cost	(52,355)	(52,355)	(48,267)
Inventories, net	465,373	538,202	372,012
Motorcycles
Inventory [Line Items]
Finished goods	222,711	289,530	186,244
Parts and Accessories and General Merchandise
Inventory [Line Items]
Finished goods	$ 140,096	$ 139,363	$ 116,836

Additional Balance Sheet and 54

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
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Cash flows from operating activities:
Net income	$ 242,338	$ 258,867	$ 417,101	$ 445,236
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles			130,061	107,578
Amortization of deferred loan origination costs			39,396	40,771
Amortization of financing origination fees			4,133	4,079
Pension and Other Postretirement Benefits Cost (Reversal of Cost)			18,954	14,950
Employee benefit plan contributions and payments			(6,422)	(37,307)
Stock compensation expense			19,081	17,497
Net change in wholesale finance receivables related to sales			(171,195)	(271,927)
Provision for credit losses	$ 18,880	$ 26,217	48,932	69,806
Deferred income taxes			1,515	178
Other, net			20,894	(4,163)
Changes in current assets and liabilities:
Accounts receivable, net			(14,882)	(28,239)
Finance receivables - accrued interest and other			4,228	2,067
Inventories			63,957	138,942
Accounts payable and accrued liabilities			161,101	133,120
Derivative instruments			(136)	3,114
Other			(859)	(8,634)
Total adjustments			318,758	181,832
Net cash provided by operating activities			$ 735,859	$ 627,068

Finance Receivables (Narrative)

Finance Receivables (Narrative) (Detail) - USD ($)	6 Months Ended
	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	$ 220,000	$ 0	$ 0
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Individually evaluated for impairment	220,000	0	0
Finance receivables, gross, 90 days or more past due and accruing interest	100,000	100,000	1,100,000
Wholesale receivables on non-accrual status	200,000	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	$ 22,400,000	$ 40,000,000	$ 25,100,000

Finance Receivables (Finance Re

Finance Receivables (Finance Receivables) (Detail) - USD ($) $ in Thousands	Jul. 01, 2018	Apr. 01, 2018	Dec. 31, 2017	Jun. 25, 2017	Mar. 26, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, gross	$ 7,507,132		$ 7,157,557	$ 7,526,063
Allowance for credit losses	(193,930)	$ (190,350)	(192,471)	(193,528)	$ (184,030)	$ (173,343)
Finance receivables, net	7,313,202		6,965,086	7,332,535
Retail
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, gross	6,373,926		6,140,600	6,267,211
Allowance for credit losses	(187,502)	(182,150)	(186,254)	(185,899)	(176,068)	(166,810)
Wholesale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, gross	1,133,206		1,016,957	1,258,852
Allowance for credit losses	$ (6,428)	$ (8,200)	$ (6,217)	$ (7,629)	$ (7,962)	$ (6,533)

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
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017	Dec. 31, 2017	Jun. 26, 2016
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 190,350	$ 184,030	$ 192,471	$ 173,343
Provision for credit losses	18,880	26,217	48,932	69,806
Charge-offs	(28,947)	(30,374)	(74,028)	(76,298)
Recoveries	13,647	13,655	26,555	26,677
Balance, end of period	193,930	193,528	193,930	193,528
Current unpaid balance - off-balance sheet retail motorcycle finance receivables	109,578	187,769	109,578	187,769	$ 146,425
Current unpaid balance - on-balance sheet retail motorcycle finance receivables	6,227,634	6,121,372	6,227,634	6,121,372	$ 5,993,185
Variable Interest Entity, Not Primary Beneficiary
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Principal balance of finance receivable						$ 301,800
Retail
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	182,150	176,068	186,254	166,810
Provision for credit losses	20,652	26,550	48,721	68,710
Charge-offs	(28,947)	(30,374)	(74,028)	(76,298)
Recoveries	13,647	13,655	26,555	26,677
Balance, end of period	187,502	185,899	187,502	185,899
Wholesale
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	8,200	7,962	6,217	6,533
Provision for credit losses	(1,772)	(333)	211	1,096
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Balance, end of period	$ 6,428	$ 7,629	$ 6,428	$ 7,629

Finance Receivables (Allowance

Finance Receivables (Allowance For Credit Losses And Finance Receivables By Portfolio Individually And Collectively Evaluated For Impairment) (Detail) - USD ($)	Jul. 01, 2018	Apr. 01, 2018	Dec. 31, 2017	Jun. 25, 2017	Mar. 26, 2017	Dec. 31, 2016
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	$ 184,000		$ 0	$ 0
Collectively evaluated for impairment	193,746,000		192,471,000	193,528,000
Total allowance for credit losses	193,930,000	$ 190,350,000	192,471,000	193,528,000	$ 184,030,000	$ 173,343,000
Individually evaluated for impairment	220,000		0	0
Collectively evaluated for impairment	7,506,912,000		7,157,557,000	7,526,063,000
Financing receivable, gross	7,507,132,000		7,157,557,000	7,526,063,000
Retail
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	0		0	0
Collectively evaluated for impairment	187,502,000		186,254,000	185,899,000
Total allowance for credit losses	187,502,000	182,150,000	186,254,000	185,899,000	176,068,000	166,810,000
Individually evaluated for impairment	0		0	0
Collectively evaluated for impairment	6,373,926,000		6,140,600,000	6,267,211,000
Financing receivable, gross	6,373,926,000		6,140,600,000	6,267,211,000
Wholesale
Financing Receivable, Allowance for Credit Losses [Line Items]
Individually evaluated for impairment	184,000		0	0
Collectively evaluated for impairment	6,244,000		6,217,000	7,629,000
Total allowance for credit losses	6,428,000	$ 8,200,000	6,217,000	7,629,000	$ 7,962,000	$ 6,533,000
Individually evaluated for impairment	220,000		0	0
Collectively evaluated for impairment	1,132,986,000		1,016,957,000	1,258,852,000
Financing receivable, gross	$ 1,133,206,000		$ 1,016,957,000	$ 1,258,852,000

Finance Receivables Finance Rec

Finance Receivables Finance Receivables (Wholesale Finance Receivables Individually Deemed Impaired) (Details) - Wholesale $ in Thousands	3 Months Ended	6 Months Ended
	Jul. 01, 2018USD ($)	Jul. 01, 2018USD ($)
Financing Receivable, Impaired [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	$ 0	$ 0
Impaired Financing Receivable, with No Related Allowance, Unpaid Principal Balance	0	0
Impaired Financing Receivable, with No Related Allowance, Average Recorded Investment	0	0
Impaired Financing Receivable, with No Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, with Related Allowance, Recorded Investment	251	251
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance	220	220
Impaired Financing Receivable, with Related Allowance, Average Recorded Investment	251	251
Impaired Financing Receivable, with Related Allowance, Interest Income, Accrual Method	0	0
Impaired Financing Receivable, Recorded Investment	251	251
Impaired Financing Receivable, Unpaid Principal Balance	220	220
Impaired Financing Receivable, Related Allowance	184	184
Impaired Financing Receivable, Average Recorded Investment	251	251
Impaired Financing Receivable, Interest Income, Accrual Method	$ 0	$ 0

Finance Receivables (Aging Of P

Finance Receivables (Aging Of Past Due Finance Receivables Including Non Accrual Status Finance Receivables) (Detail) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 175,754	$ 228,084	$ 182,170
Total finance receivables	7,507,132	7,157,557	7,526,063
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, current	7,331,378	6,929,473	7,343,893
31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	117,344	140,224	118,897
61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	35,897	47,784	37,056
Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	22,513	40,076	26,217
Retail
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	175,020	227,127	180,619
Total finance receivables	6,373,926	6,140,600	6,267,211
Retail | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, current	6,198,906	5,913,473	6,086,592
Retail | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	116,828	139,629	118,616
Retail | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	35,763	47,539	36,914
Retail | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	22,429	39,959	25,089
Wholesale
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	734	957	1,551
Total finance receivables	1,133,206	1,016,957	1,258,852
Wholesale | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing receivable, current	1,132,472	1,016,000	1,257,301
Wholesale | 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	516	595	281
Wholesale | 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	134	245	142
Wholesale | Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due	$ 84	$ 117	$ 1,128

Finance Receivables (Recorded I

Finance Receivables (Recorded Investment Of Retail and Wholesale Finance Receivables By Credit Quality Indicator) (Detail) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	$ 7,507,132	$ 7,157,557	$ 7,526,063
Retail
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	6,373,926	6,140,600	6,267,211
Retail | Prime
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	5,193,641	4,966,193	5,034,187
Retail | Sub-prime
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	1,180,285	1,174,407	1,233,024
Wholesale
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	1,133,206	1,016,957	1,258,852
Wholesale | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	251	688	5,203
Wholesale | Substandard
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	803	3,837	10,458
Wholesale | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	2,154	26,866	4,953
Wholesale | Medium Risk
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	37,045	9,917	8,115
Wholesale | Low Risk
Financing Receivable, Recorded Investment [Line Items]
Financing receivable, gross	$ 1,092,953	$ 975,649	$ 1,230,123

Derivative Instruments and He62

Derivative Instruments and Hedging Activities (Derivative Instrument Fair Value) (Detail) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Designated as Hedging Instrument | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Notional Value	$ 1,042,704	$ 676,639	$ 545,703
Designated as Hedging Instrument | Cash Flow Hedging | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Fair Value	13,242	1,388	409
Designated as Hedging Instrument | Cash Flow Hedging | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Fair Value	597	21,308	4,697
Designated as Hedging Instrument | Cash Flow Hedging | Foreign Currency Contracts
Derivatives, Fair Value [Line Items]
Notional Value	591,901	675,724	544,601
Designated as Hedging Instrument | Cash Flow Hedging | Foreign Currency Contracts | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Fair Value	13,238	1,388	409
Designated as Hedging Instrument | Cash Flow Hedging | Foreign Currency Contracts | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Fair Value	0	21,239	4,622
Designated as Hedging Instrument | Cash Flow Hedging | Commodity Contract
Derivatives, Fair Value [Line Items]
Notional Value	803	915	1,102
Designated as Hedging Instrument | Cash Flow Hedging | Commodity Contract | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Fair Value	4	0	0
Designated as Hedging Instrument | Cash Flow Hedging | Commodity Contract | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Fair Value	0	69	75
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Notional Value	450,000	0	0
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap [Member] | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Fair Value	0	0	0
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap [Member] | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Fair Value	597	0	0
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional Value	4,421	4,532	4,336
Not Designated as Hedging Instrument | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Fair Value	204	381	49
Not Designated as Hedging Instrument | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Fair Value	28	0	168
Not Designated as Hedging Instrument | Commodity Contract
Derivatives, Fair Value [Line Items]
Notional Value	4,421	4,532	4,336
Not Designated as Hedging Instrument | Commodity Contract | Other Current Assets
Derivatives, Fair Value [Line Items]
Asset Fair Value	204	381	49
Not Designated as Hedging Instrument | Commodity Contract | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Liability Fair Value	$ 28	$ 0	$ 168

Derivative Instruments and He63

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
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in OCI, before tax	$ 31,794	$ (12,650)	$ 25,888	$ (24,553)
Amount of Gain/(Loss) Reclassified from AOCL into Income	530	3,875	(6,378)	6,349
Expected to be Reclassified Over the Next Twelve Months			14,480
Foreign Currency Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in OCI, before tax	32,635	(11,851)	26,745	(23,648)
Foreign Currency Contracts | Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Reclassified from AOCL into Income	956	3,957	(5,753)	6,473
Expected to be Reclassified Over the Next Twelve Months			15,895
Commodity Contract
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in OCI, before tax	4	(80)	(12)	(186)
Commodity Contract | Cost of Sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Reclassified from AOCL into Income	(12)	17	(85)	65
Expected to be Reclassified Over the Next Twelve Months			16
Treasury Rate Locks
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in OCI, before tax	41	(719)	41	(719)
Treasury Rate Locks | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Reclassified from AOCL into Income	(125)	(99)	(251)	(189)
Expected to be Reclassified Over the Next Twelve Months			(492)
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in OCI, before tax	(886)	0	(886)	0
Interest Rate Swap [Member] | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Reclassified from AOCL into Income	$ (289)	$ 0	(289)	$ 0
Expected to be Reclassified Over the Next Twelve Months			$ (939)

Derivative Instruments and He64

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
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
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	195	(193)	201	(173)
Not Designated as Hedging Instrument | Commodity Contract | Cost of Goods Sold
Derivative [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	$ 195	$ (193)	$ 201	$ (173)

Debt (Debt With Contractual Ter

Debt (Debt With Contractual Term Less Than One Year) (Detail) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Short-term Debt [Line Items]
Short-term debt	$ 1,327,307	$ 1,273,482	$ 928,445
Commercial Paper
Short-term Debt [Line Items]
Short-term debt	$ 1,327,307	$ 1,273,482	$ 928,445

Debt (Debt With A Contractual T

Debt (Debt With A Contractual Term Greater Than One Year) (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Debt Instrument [Line Items]
Gross long-term debt	$ 5,813,809	$ 5,714,527	$ 6,243,908
Less: current portion of long-term debt, net of unamortized discount and debt issuance costs	(945,463)	(1,127,269)	(1,565,558)
Long-term debt, net	4,868,346	4,587,258	4,678,350
Secured Debt
Debt Instrument [Line Items]
Less: unamortized discount and debt issuance costs	(202)	(461)	(795)
Gross long-term debt	636,068	806,860	939,872
Secured Debt | Asset-backed Canadian commercial paper conduit facility
Debt Instrument [Line Items]
Long-term debt, gross	166,638	174,779	138,739
Secured Debt | Asset-Backed U.S. Commercial Paper Conduit Facility VIE [Member]
Debt Instrument [Line Items]
Long-term debt, gross	300,000	279,457	279,833
Secured Debt | Asset-backed securitization debt
Debt Instrument [Line Items]
Long-term debt, gross	169,632	353,085	522,095
Unsecured Debt
Debt Instrument [Line Items]
Less: unamortized discount and debt issuance costs	(22,259)	(19,821)	(23,452)
Unsecured Debt | 1.55% Medium-term notes due in 2017, issued November 2014
Debt Instrument [Line Items]
Long-term debt, gross	$ 0	$ 0	$ 400,000
Debt instrument, stated percentage	1.55%	1.55%	1.55%
Unsecured Debt | 6.80% Medium-term notes due in 2018, issued May 2008
Debt Instrument [Line Items]
Long-term debt, gross	$ 0	$ 877,488	$ 877,488
Debt instrument, stated percentage	6.80%	6.80%	6.80%
Unsecured Debt | 2.25% Medium-term notes due in 2019, issued January 2016
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000	$ 600,000	$ 600,000
Debt instrument, stated percentage	2.25%	2.25%	2.25%
Unsecured Debt | Floating-Rate Medium Term Notes due 2019 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 150,000	$ 150,000	$ 150,000
Unsecured Debt | Two Point Four Percent Medium-Term Notes Due 2019 [Member]
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 | 2.15% Medium-term notes due in 2020, issued February 2015
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 | Floating Rate Medium Term Notes due 2020 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 450,000	$ 0	$ 0
Unsecured Debt | Two Point Four Percent Medium-Term Notes Due 2020 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 350,000	$ 350,000	$ 350,000
Debt instrument, stated percentage	2.40%	2.40%	2.40%
Unsecured Debt | Two Point Eighty-five Percent Medium-Term Notes Due 2021 [Member] [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 600,000	$ 600,000	$ 600,000
Debt instrument, stated percentage	2.85%	2.85%	2.85%
Unsecured Debt | Three Point Fifty-five Percent Medium-Term Notes due 2021 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 350,000	$ 0	$ 0
Debt instrument, stated percentage	3.55%	3.55%	3.55%
Unsecured Debt | Two Point Fifty-five Percent Medium-Term Notes Due 2022 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 400,000	$ 400,000	$ 400,000
Debt instrument, stated percentage	2.55%	2.55%	2.55%
Unsecured Debt | Three Point Thirty-five Percent Medium Term Notes Due 2023 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 350,000	$ 0	$ 0
Debt instrument, stated percentage	3.35%	3.35%	3.35%
Unsecured Debt | Three Point Five Percent Senior Unsecured Notes Due 2025 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 450,000	$ 450,000	$ 450,000
Debt instrument, stated percentage	3.50%	3.50%	3.50%
Unsecured Debt | Four Point Six Two Five Percent Senior Unsecured Notes Due 2045 [Member]
Debt Instrument [Line Items]
Long-term debt, gross	$ 300,000	$ 300,000	$ 300,000
Debt instrument, stated percentage	4.625%	4.625%	4.625%
London Interbank Offered Rate (LIBOR) [Member] | Unsecured Debt | Floating-Rate Medium Term Notes due 2019 [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on floating rate	0.35%
London Interbank Offered Rate (LIBOR) [Member] | Unsecured Debt | Floating Rate Medium Term Notes due 2020 [Member]
Debt Instrument [Line Items]
Debt instrument, basis spread on floating rate	0.50%

Asset-Backed Financing (Narrati

Asset-Backed Financing (Narrative) (Detail)	1 Months Ended
	Dec. 31, 2017USD ($)	Jun. 30, 2017CAD ($)	Jul. 01, 2018USD ($)	Jun. 25, 2017USD ($)	Jun. 26, 2016USD ($)
Variable Interest Entity [Line Items]
Company issued secured notes, net of discount and issuance costs	$ 5,714,527,000		$ 5,813,809,000	$ 6,243,908,000
Current unpaid balance - off-balance sheet retail motorcycle finance receivables	146,425,000		109,578,000	187,769,000
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Principal balance of finance receivable					$ 301,800,000
Secured Debt
Variable Interest Entity [Line Items]
Company issued secured notes, net of discount and issuance costs	806,860,000		636,068,000	$ 939,872,000
Secured Debt | Asset-Backed U.S. Commercial Paper Conduit Facility VIE [Member] | SPEs | U.S. Line of Credit
Variable Interest Entity [Line Items]
Line of credit, maximum borrowing capacity	$ 900,000,000
Debt instrument, term	5 years
Secured Debt | Asset-Backed U.S. Commercial Paper Conduit Facility VIE, Facility Two [Member] | SPEs | U.S. Line of Credit
Variable Interest Entity [Line Items]
Line of credit, maximum borrowing capacity	$ 300,000,000
Secured Debt | Asset-Backed U.S. Commercial Paper Conduit Facility VIE, Facility One [Member] | SPEs | U.S. Line of Credit
Variable Interest Entity [Line Items]
Line of credit, maximum borrowing capacity	$ 600,000,000
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		$ 220,000,000
Debt instrument, term		5 years
VIE, maximum loss exposure, amount			$ 34,400,000

Asset-Backed Financing (Assets

Asset-Backed Financing (Assets And Liabilities Of Variable Interest Entities) (Detail) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Finance receivables
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	$ 741,938	$ 943,522	$ 1,050,702
Finance receivables | 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	229,201	439,301	599,754
Finance receivables | Asset-backed U.S. commercial paper conduit facilities | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	319,758	300,530	298,700
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	192,979	203,691	152,248
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	(20,058)	(26,824)	(30,334)
Allowance for credit losses | 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	(6,943)	(13,686)	(18,291)
Allowance for credit losses | Asset-backed U.S. commercial paper conduit facilities | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	(9,710)	(9,392)	(9,132)
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	(3,405)	(3,746)	(2,911)
Restricted cash
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	50,933	58,689	74,395
Restricted cash | 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	21,912	34,919	47,980
Restricted cash | Asset-backed U.S. commercial paper conduit facilities | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	17,845	13,787	14,993
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	11,176	9,983	11,422
Other assets
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	1,554	2,618	2,373
Other assets | 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	465	1,260	1,360
Other assets | Asset-backed U.S. commercial paper conduit facilities | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	815	888	810
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	274	470	203
Total assets
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	774,367	978,005	1,097,136
Total assets | 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	244,635	461,794	630,803
Total assets | Asset-backed U.S. commercial paper conduit facilities | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, assets, carrying amount	328,708	305,813	305,371
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	201,024	210,398	160,962
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	636,068	806,860	939,872
Asset-backed debt | 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	169,430	352,624	521,300
Asset-backed debt | Asset-backed U.S. commercial paper conduit facilities | SPEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]
Transfers accounts for as secured borrowings, associated liabilities, carrying amount	300,000	279,457	279,833
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	$ 166,638	$ 174,779	$ 138,739

Asset-Backed Financing (Schedul

Asset-Backed Financing (Schedule of Loans Acquired in Transfer Not Accounted For as Debt Securities) (Detail) - Secured Debt - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jul. 01, 2018	Apr. 01, 2018	Jun. 25, 2017	Mar. 26, 2017	Jul. 01, 2018	Jun. 25, 2017
SPEs | Asset-Backed U.S. Commercial Paper Conduit Facility VIE [Member] | U.S. Line of Credit
Variable Interest Entity [Line Items]
Transfers on finance receivables	$ 59,100	$ 32,900	$ 28,200	$ 333,400	$ 92,000	$ 361,600
Proceeds on finance receivables	53,300	29,300	24,000	300,000	82,600	324,000
Variable Interest Entity, Not Primary Beneficiary | Asset-backed Canadian commercial paper conduit facility | Foreign Line of Credit
Variable Interest Entity [Line Items]
Transfers on finance receivables	38,900	7,600	14,200	6,300	46,500	20,500
Proceeds on finance receivables	$ 32,200	$ 6,200	$ 12,400	$ 5,500	$ 38,400	$ 17,900

Asset-Backed Financing (Servici

Asset-Backed Financing (Servicing Activities) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017	Dec. 31, 2017
Transfers and Servicing [Abstract]
Servicing and ancillary fees			$ 700	$ 1,100
Current unpaid balance - on-balance sheet retail motorcycle finance receivables	$ 6,227,634	$ 6,121,372	6,227,634	6,121,372	$ 5,993,185
Current unpaid balance - off-balance sheet retail motorcycle finance receivables	109,578	187,769	109,578	187,769	146,425
Current unpaid balance - total serviced retail motorcycle finance receivables	6,337,212	6,309,141	6,337,212	6,309,141	6,139,610
Delinquent - on-balance sheet retail motorcycle finance receivables	175,020	180,619	175,020	180,619	227,127
Delinquent - off-balance sheet retail motorcycle finance receivables	1,591	1,659	1,591	1,659	2,106
Delinquent - total serviced retail motorcycle finance receivables	176,611	182,278	176,611	182,278	$ 229,233
Credit losses net of recoveries - on-balance sheet retail motorcycle finance receivables	15,300	16,719	47,473	49,621
Credit losses net of recoveries - off-balance sheet retail motorcycle finance receivables	137	152	498	566
Credit losses net of recoveries - total serviced retail motorcycle finance receivables	$ 15,437	$ 16,871	$ 47,971	$ 50,187

Fair Value (Summary of Assets A

Fair Value (Summary of Assets And Liabilities Measured at Fair Value) (Detail) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Fair Value, Measurements, Recurring
Assets:
Cash equivalents	$ 691,983	$ 488,432	$ 625,485
Marketable securities	49,537	48,006	44,156
Derivatives	13,446	1,769	458
Assets, fair value	754,966	538,207	670,099
Liabilities:
Derivatives, liabilities	625	21,308	4,865
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets:
Cash equivalents	446,454	358,500	375,550
Marketable securities	49,537	48,006	44,156
Derivatives	0	0	0
Assets, fair value	495,991	406,506	419,706
Liabilities:
Derivatives, liabilities	0	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Assets:
Cash equivalents	245,529	129,932	249,935
Marketable securities	0	0	0
Derivatives	13,446	1,769	458
Assets, fair value	258,975	131,701	250,393
Liabilities:
Derivatives, liabilities	625	21,308	4,865
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	2,800	9,000	2,700
Fair Value, Measurements, Nonrecurring | Significant Other Observable Inputs (Level 2) | Fair Value
Liabilities:
Repossessed inventory	$ 16,400	$ 19,600	$ 17,900

Fair Value Fair Value (Summary

Fair Value Fair Value (Summary of Fair Value and Carrying Value of Company Financial Instruments) (Detail) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance receivables, net	$ 7,375,644	$ 7,021,549	$ 7,401,974
Fair Value | Commercial Paper
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term Debt, Fair Value	1,327,307	1,273,482	928,445
Fair Value | Medium-term notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	4,398,478	4,189,092	4,623,146
Fair Value | Senior unsecured notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	719,152	784,433	773,084
Fair Value | Secured Debt | Asset-Backed U.S. Commercial Paper Conduit Facility VIE [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	300,000	279,457	279,833
Fair Value | Secured Debt | Asset-backed Canadian commercial paper conduit facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	166,638	174,779	138,739
Fair Value | Secured Debt | Asset-backed securitization debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	168,941	351,767	521,956
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Finance receivables, net	7,313,202	6,965,086	7,332,535
Reported Value Measurement [Member] | Commercial Paper
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term Debt, Fair Value	1,327,307	1,273,482	928,445
Reported Value Measurement [Member] | Medium-term notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	4,435,449	4,165,706	4,562,403
Reported Value Measurement [Member] | Senior unsecured notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	742,292	741,961	741,633
Reported Value Measurement [Member] | Secured Debt | Asset-Backed U.S. Commercial Paper Conduit Facility VIE [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	300,000	279,457	279,833
Reported Value Measurement [Member] | Secured Debt | Asset-backed Canadian commercial paper conduit facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	166,638	174,779	138,739
Reported Value Measurement [Member] | Secured Debt | Asset-backed securitization debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 169,430	$ 352,624	$ 521,300

Product Warranty and Safety R73

Product Warranty and Safety Recall Campaigns (Narrative) (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jul. 01, 2018	Apr. 01, 2018	Dec. 31, 2017	Jun. 25, 2017	Mar. 26, 2017	Dec. 31, 2016
Product Information [Line Items]
Liability for recall campaigns	$ 89,943	$ 95,075	$ 94,202	$ 80,681	$ 78,211	$ 79,482
Recall Campaign
Product Information [Line Items]
Liability for recall campaigns	$ 27,400		$ 35,300	$ 7,900
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 R74

Product Warranty and Safety Recall Campaigns (Warranty and Safety Recall Liability) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance, beginning of period	$ 95,075	$ 78,211	$ 94,202	$ 79,482
Warranties issued during the period	16,904	18,084	31,510	34,836
Settlements made during the period	(21,777)	(21,200)	(38,415)	(40,533)
Recalls and changes to pre-existing warranty liabilities	(259)	5,586	2,646	6,896
Balance, end of period	$ 89,943	$ 80,681	$ 89,943	$ 80,681

Employee Benefit Plans (Narrati

Employee Benefit Plans (Narrative) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Pension and postretirement benefit plans
Defined Benefit Plan Disclosure [Line Items]
Other comprehensive (loss) income before reclassifications	$ 0	$ 0	$ 96,374	$ 0

Employee Benefit Plans (Compone

Employee Benefit Plans (Components of Net Periodic Benefit Costs) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Pension and SERPA Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 8,063	$ 7,896	$ 16,218	$ 15,792
Interest cost	20,729	21,269	41,319	42,538
Expected return on plan assets	(36,926)	(35,345)	(73,817)	(70,690)
Amortization of unrecognized: Prior service cost	(105)	254	(211)	508
Amortization of unrecognized: Net loss	16,318	10,998	32,137	21,996
Curtailment loss	0	0	1,018	0
Net periodic benefit cost	8,079	5,072	16,664	10,144
Postretirement Healthcare Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	1,789	1,875	3,601	3,750
Interest cost	2,886	3,412	5,783	6,824
Expected return on plan assets	(3,541)	(3,156)	(7,082)	(6,312)
Amortization of unrecognized: Prior service cost	(460)	(543)	(920)	(1,086)
Amortization of unrecognized: Net loss	454	815	908	1,630
Net periodic benefit cost	$ 1,128	$ 2,403	$ 2,290	$ 4,806

Commitments and Contingencies (

Commitments and Contingencies (Detail) - York, Pennsylvania Facility	6 Months Ended
	Jul. 01, 2018
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%

Accumulated Other Comprehensi78

Accumulated Other Comprehensive Loss (Changes In Other Comprehensive Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period			$ 1,844,277
Total other comprehensive income, net of tax	$ 9,840	$ 7,685	103,285	$ 21,436
Balance, end of period	2,161,526	2,046,167	2,161,526	2,046,167
AOCI Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(406,604)	(551,630)	(500,049)	(565,381)
Other comprehensive (loss) income before reclassifications	5,312	(1,291)	102,695	2,423
Income tax (benefit) expense	(7,476)	4,160	(28,718)	8,499
Net other comprehensive (loss) income before reclassifications	(2,164)	2,869	73,977	10,922
Total reclassifications before tax	15,677	7,649	38,292	16,699
Reclassifications from AOCI, Income tax expense (benefit)	(3,673)	(2,833)	(8,984)	(6,185)
Net reclassifications	12,004	4,816	29,308	10,514
Total other comprehensive income, net of tax	9,840	7,685	103,285	21,436
Balance, end of period	(396,764)	(543,945)	(396,764)	(543,945)
AOCI Attributable to Parent [Member] | Foreign Currency Contracts
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	(956)	(3,957)	5,753	(6,473)
AOCI Attributable to Parent [Member] | Commodity Contract
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	12	(17)	85	(65)
AOCI Attributable to Parent [Member] | Treasury Rate Locks
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	125	99	251	189
AOCI Attributable to Parent [Member] | Interest Rate Swap [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	289		289
Foreign currency translation adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(14,937)	(52,575)	(21,852)	(68,132)
Other comprehensive (loss) income before reclassifications	(26,482)	9,447	(19,567)	25,080
Income tax (benefit) expense	0	190	0	114
Net other comprehensive (loss) income before reclassifications	(26,482)	9,637	(19,567)	25,194
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, net of tax	(26,482)	9,637	(19,567)	25,194
Balance, end of period	(41,419)	(42,938)	(41,419)	(42,938)
Marketable securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	0	(1,204)	0	(1,194)
Other comprehensive (loss) income before reclassifications	0	1,912	0	1,896
Income tax (benefit) expense	0	(708)	0	(702)
Net other comprehensive (loss) income before reclassifications	0	1,204	0	1,194
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, net of tax	0	1,204	0	1,194
Balance, end of period	0	0	0	0
Derivative financial instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(16,489)	3,472	(17,254)	12,524
Other comprehensive (loss) income before reclassifications	31,794	(12,650)	25,888	(24,553)
Income tax (benefit) expense	(7,476)	4,678	(6,089)	9,087
Net other comprehensive (loss) income before reclassifications	24,318	(7,972)	19,799	(15,466)
Total reclassifications before tax	(530)	(3,875)	6,378	(6,349)
Reclassifications from AOCI, Income tax expense (benefit)	132	1,435	(1,492)	2,351
Net reclassifications	(398)	(2,440)	4,886	(3,998)
Total other comprehensive income, net of tax	23,920	(10,412)	24,685	(19,464)
Balance, end of period	7,431	(6,940)	7,431	(6,940)
Derivative financial instruments | Foreign Currency Contracts
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	(956)	(3,957)	5,753	(6,473)
Derivative financial instruments | Commodity Contract
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	12	(17)	85	(65)
Derivative financial instruments | Treasury Rate Locks
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	125	99	251	189
Derivative financial instruments | Interest Rate Swap [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	289		289
Pension and postretirement benefit plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance, beginning of period	(375,178)	(501,323)	(460,943)	(508,579)
Other comprehensive (loss) income before reclassifications	0	0	96,374	0
Income tax (benefit) expense	0	0	(22,629)	0
Net other comprehensive (loss) income before reclassifications	0	0	73,745	0
Total reclassifications before tax	16,207	11,524	31,914	23,048
Reclassifications from AOCI, Income tax expense (benefit)	(3,805)	(4,268)	(7,492)	(8,536)
Net reclassifications	12,402	7,256	24,422	14,512
Total other comprehensive income, net of tax	12,402	7,256	98,167	14,512
Balance, end of period	(362,776)	(494,067)	(362,776)	(494,067)
Pension and postretirement benefit plans - Prior service credits
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	(565)	(289)	(1,131)	(578)
Pension and postretirement benefit plans - Actuarial losses
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Total reclassifications before tax	$ 16,772	$ 11,813	$ 33,045	$ 23,626

Business Segments (Narrative) (

Business Segments (Narrative) (Detail)	6 Months Ended
	Jul. 01, 2018segment
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
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Segment Reporting Information [Line Items]
Motorcycles net revenue	$ 1,525,121	$ 1,577,135	$ 2,889,068	$ 2,905,846
Selling, administrative and engineering expense	313,047	291,084	603,233	563,068
Restructuring expense	12,370	0	59,212	0
Financial Services revenue	188,102	188,034	366,276	361,255
Operating income	323,947	399,287	560,364	688,469
Motorcycles and Related Products
Segment Reporting Information [Line Items]
Motorcycles net revenue	1,525,121		2,889,068
Restructuring expense	12,370		59,212
Financial Services
Segment Reporting Information [Line Items]
Financial Services revenue	188,102		366,276
Operating Segments | Motorcycles and Related Products
Segment Reporting Information [Line Items]
Motorcycles net revenue	1,525,121	1,577,135	2,889,068	2,905,846
Gross profit	532,085	572,962	1,005,858	1,047,785
Selling, administrative and engineering expense	276,309	255,610	530,402	493,887
Restructuring expense	12,370	0	59,212	0
Operating income	243,406	317,352	416,244	553,898
Operating Segments | Financial Services
Segment Reporting Information [Line Items]
Financial Services revenue	188,102	188,034	366,276	361,255
Financial Services expense	107,561	106,099	222,156	226,684
Operating income	$ 80,541	$ 81,935	$ 144,120	$ 134,571

Supplemental Consolidating Da81

Supplemental Consolidating Data (Operations) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017
Revenue:
Motorcycles and Related Products	$ 1,525,121	$ 1,577,135	$ 2,889,068	$ 2,905,846
Financial Services	188,102	188,034	366,276	361,255
Total revenue	1,713,223	1,765,169	3,255,344	3,267,101
Costs and expenses:
Motorcycles and Related Products cost of goods sold	993,036	1,004,173	1,883,210	1,858,061
Financial Services interest expense	51,943	44,408	100,393	87,697
Provision for credit losses	18,880	26,217	48,932	69,806
Selling, administrative and engineering expense	313,047	291,084	603,233	563,068
Restructuring expense	12,370	0	59,212	0
Total costs and expenses	1,389,276	1,365,882	2,694,980	2,578,632
Operating income	323,947	399,287	560,364	688,469
Other income (expense), net	645	2,295	865	4,591
Investment income	2,533	577	3,736	1,456
Interest expense	7,728	7,726	15,418	15,399
Income before provision for income taxes	319,397	394,433	549,547	679,117
Provision for income taxes	77,059	135,566	132,446	233,881
Net income	242,338	258,867	417,101	445,236
Reportable Legal Entities | Motorcycles And Related Products Operations
Revenue:
Motorcycles and Related Products	1,528,045	1,580,109	2,894,291	2,910,727
Financial Services	0	0	0	0
Total revenue	1,528,045	1,580,109	2,894,291	2,910,727
Costs and expenses:
Motorcycles and Related Products cost of goods sold	993,036	1,004,173	1,883,210	1,858,061
Financial Services interest expense	0	0	0	0
Provision for credit losses	0	0	0	0
Selling, administrative and engineering expense	276,827	256,147	531,228	494,777
Restructuring expense	12,370		59,212
Total costs and expenses	1,282,233	1,260,320	2,473,650	2,352,838
Operating income	245,812	319,789	420,641	557,889
Other income (expense), net	645	2,295	865	4,591
Investment income	2,533	577	113,736	107,456
Interest expense	7,728	7,726	15,418	15,399
Income before provision for income taxes	241,262	314,935	519,824	654,537
Provision for income taxes	59,683	106,035	99,916	185,192
Net income	181,579	208,900	419,908	469,345
Reportable Legal Entities | Financial Services Operations
Revenue:
Motorcycles and Related Products	0	0	0	0
Financial Services	188,788	188,712	367,248	362,269
Total revenue	188,788	188,712	367,248	362,269
Costs and expenses:
Motorcycles and Related Products cost of goods sold	0	0	0	0
Financial Services interest expense	51,943	44,408	100,393	87,697
Provision for credit losses	18,880	26,217	48,932	69,806
Selling, administrative and engineering expense	39,663	38,448	78,054	74,062
Restructuring expense	0		0
Total costs and expenses	110,486	109,073	227,379	231,565
Operating income	78,302	79,639	139,869	130,704
Other income (expense), net	0	0	0	0
Investment income	0	0	0	0
Interest expense	0	0	0	0
Income before provision for income taxes	78,302	79,639	139,869	130,704
Provision for income taxes	17,376	29,531	32,530	48,689
Net income	60,926	50,108	107,339	82,015
Eliminations
Revenue:
Motorcycles and Related Products	(2,924)	(2,974)	(5,223)	(4,881)
Financial Services	(686)	(678)	(972)	(1,014)
Total revenue	(3,610)	(3,652)	(6,195)	(5,895)
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	(3,443)	(3,511)	(6,049)	(5,771)
Restructuring expense	0		0
Total costs and expenses	(3,443)	(3,511)	(6,049)	(5,771)
Operating income	(167)	(141)	(146)	(124)
Other income (expense), net	0	0	0	0
Investment income	0	0	(110,000)	(106,000)
Interest expense	0	0	0	0
Income before provision for income taxes	(167)	(141)	(110,146)	(106,124)
Provision for income taxes	0	0	0	0
Net income	$ (167)	$ (141)	$ (110,146)	$ (106,124)

Supplemental Consolidating Da82

Supplemental Consolidating Data (Balance Sheet) (Detail) - USD ($) $ in Thousands	Jul. 01, 2018	Dec. 31, 2017	Jun. 25, 2017
Current assets:
Cash and cash equivalents	$ 978,749	$ 687,521	$ 988,476
Accounts receivable, net	335,594	329,986	330,933
Finance receivables, net	2,252,956	2,105,662	2,338,533
Inventories	465,373	538,202	372,012
Restricted cash	44,386	47,518	63,225
Other current assets	166,362	175,853	151,423
Total current assets	4,243,420	3,884,742	4,244,602
Finance receivables, net	5,060,246	4,859,424	4,994,002
Property, plant and equipment, net	904,113	967,781	946,326
Prepaid pension costs	131,497	19,816	0
Goodwill	55,451	55,947	54,630
Deferred income taxes	67,505	109,073	170,358
Other long-term assets	83,790	75,889	77,853
Total assets	10,546,022	9,972,672	10,487,771
Current liabilities:
Accounts payable	287,214	227,597	327,346
Accrued liabilities	572,440	529,822	533,412
Short-term debt	1,327,307	1,273,482	928,445
Current portion of long-term debt, net	945,463	1,127,269	1,565,558
Total current liabilities	3,132,424	3,158,170	3,354,761
Long-term debt, net	4,868,346	4,587,258	4,678,350
Pension liability	55,819	54,606	51,797
Postretirement healthcare benefits	113,464	118,753	166,023
Other long-term liabilities	214,443	209,608	190,673
Shareholders’ equity	2,161,526	1,844,277	2,046,167
Total liabilities and shareholders' equity	10,546,022	9,972,672	10,487,771
Reportable Legal Entities | Motorcycles And Related Products Operations
Current assets:
Cash and cash equivalents	627,783	338,186	586,892
Accounts receivable, net	669,266	483,709	709,343
Finance receivables, net	0	0	0
Inventories	465,373	538,202	372,012
Restricted cash	0	0	0
Other current assets	124,521	132,999	108,162
Total current assets	1,886,943	1,493,096	1,776,409
Finance receivables, net	0	0	0
Property, plant and equipment, net	854,681	922,280	905,244
Prepaid pension costs	131,497	19,816
Goodwill	55,451	55,947	54,630
Deferred income taxes	27,043	66,877	100,949
Other long-term assets	151,691	138,344	139,742
Total assets	3,107,306	2,696,360	2,976,974
Current liabilities:
Accounts payable	262,562	214,263	298,372
Accrued liabilities	481,402	444,028	441,102
Short-term debt	0	0	0
Current portion of long-term debt, net	0	0	0
Total current liabilities	743,964	658,291	739,474
Long-term debt, net	742,292	741,961	741,633
Pension liability	55,819	54,606	51,797
Postretirement healthcare benefits	113,464	118,753	166,023
Other long-term liabilities	174,412	171,200	155,086
Shareholders’ equity	1,277,355	951,549	1,122,961
Total liabilities and shareholders' equity	3,107,306	2,696,360	2,976,974
Reportable Legal Entities | Financial Services Operations
Current assets:
Cash and cash equivalents	350,966	349,335	401,584
Accounts receivable, net	0	0	0
Finance receivables, net	2,252,956	2,105,662	2,338,533
Inventories	0	0	0
Restricted cash	44,386	47,518	63,225
Other current assets	41,841	48,521	43,261
Total current assets	2,690,149	2,551,036	2,846,603
Finance receivables, net	5,060,246	4,859,424	4,994,002
Property, plant and equipment, net	49,432	45,501	41,082
Prepaid pension costs	0	0
Goodwill	0	0	0
Deferred income taxes	41,696	43,515	71,108
Other long-term assets	19,999	23,593	22,740
Total assets	7,861,522	7,523,069	7,975,535
Current liabilities:
Accounts payable	358,324	167,057	407,384
Accrued liabilities	90,416	90,942	92,217
Short-term debt	1,327,307	1,273,482	928,445
Current portion of long-term debt, net	945,463	1,127,269	1,565,558
Total current liabilities	2,721,510	2,658,750	2,993,604
Long-term debt, net	4,126,054	3,845,297	3,936,717
Pension liability	0	0	0
Postretirement healthcare benefits	0	0	0
Other long-term liabilities	36,997	35,503	32,714
Shareholders’ equity	976,961	983,519	1,012,500
Total liabilities and shareholders' equity	7,861,522	7,523,069	7,975,535
Eliminations
Current assets:
Cash and cash equivalents	0	0	0
Accounts receivable, net	(333,672)	(153,723)	(378,410)
Finance receivables, net	0	0	0
Inventories	0	0	0
Restricted cash	0	0	0
Other current assets	0	(5,667)	0
Total current assets	(333,672)	(159,390)	(378,410)
Finance receivables, net	0	0	0
Property, plant and equipment, net	0	0	0
Prepaid pension costs	0	0
Goodwill	0	0	0
Deferred income taxes	(1,234)	(1,319)	(1,699)
Other long-term assets	(87,900)	(86,048)	(84,629)
Total assets	(422,806)	(246,757)	(464,738)
Current liabilities:
Accounts payable	(333,672)	(153,723)	(378,410)
Accrued liabilities	622	(5,148)	93
Short-term debt	0	0	0
Current portion of long-term debt, net	0	0	0
Total current liabilities	(333,050)	(158,871)	(378,317)
Long-term debt, net	0	0	0
Pension liability	0	0	0
Postretirement healthcare benefits	0	0	0
Other long-term liabilities	3,034	2,905	2,873
Shareholders’ equity	(92,790)	(90,791)	(89,294)
Total liabilities and shareholders' equity	$ (422,806)	$ (246,757)	$ (464,738)

Supplemental Consolidating Da83

Supplemental Consolidating Data (Cash Flows) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 01, 2018	Jun. 25, 2017	Jul. 01, 2018	Jun. 25, 2017	Dec. 31, 2017	Dec. 31, 2016
Condensed Cash Flow Statements, Captions [Line Items]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 1,029,683	$ 1,062,871	$ 1,029,683	$ 1,062,871	$ 746,210	$ 827,131
Cash flows from operating activities:
Net income	242,338	258,867	417,101	445,236
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles			130,061	107,578
Amortization of deferred loan origination costs			39,396	40,771
Amortization of financing origination fees			4,133	4,079
Pension and Other Postretirement Benefits Cost (Reversal of Cost)			18,954	14,950
Employee benefit plan contributions and payments			(6,422)	(37,307)
Stock compensation expense			19,081	17,497
Net change in wholesale finance receivables related to sales			(171,195)	(271,927)
Provision for credit losses	18,880	26,217	48,932	69,806
Deferred income taxes			1,515	178
Other, net			20,894	(4,163)
Changes in current assets and liabilities:
Accounts receivable, net			(14,882)	(28,239)
Finance receivables - accrued interest and other			4,228	2,067
Inventories			63,957	138,942
Accounts payable and accrued liabilities			161,101	133,120
Derivative instruments			(136)	3,114
Other			(859)	(8,634)
Total adjustments			318,758	181,832
Net cash provided by operating activities			735,859	627,068
Cash flows from investing activities:
Capital expenditures			(69,293)	(69,816)
Origination of finance receivables			(1,999,786)	(1,977,839)
Collections on finance receivables			1,712,884	1,647,799
Other			(11,758)	7,031
Net cash used by investing activities			(367,953)	(392,825)
Cash flows from financing activities:
Proceeds from issuance of medium-term notes			1,144,018	893,668
Repayments of medium-term notes			(877,488)	(400,000)
Repayments of securitization debt			(183,453)	(275,659)
Net increase (decrease) in credit facilities and unsecured commercial paper			56,280	(128,787)
Borrowings of asset-backed commercial paper			120,903	341,625
Repayments of asset-backed commercial paper			(100,660)	(77,732)
Dividends paid			(124,680)	(128,452)
Purchase of common stock for treasury			(111,227)	(243,055)
Issuance of common stock under employee stock option plans			1,965	7,432
Net cash (used by) provided by financing activities			(74,342)	(10,960)
Effect of exchange rate changes on cash, cash equivalents and restricted cash			(10,091)	12,457
Cash, cash equivalents and restricted cash:
Net increase in cash, cash equivalents and restricted cash			283,473	235,740
Reportable Legal Entities | Motorcycles And Related Products Operations
Condensed Cash Flow Statements, Captions [Line Items]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	627,783	586,892	627,783	586,892	338,186	425,540
Cash flows from operating activities:
Net income	181,579	208,900	419,908	469,345
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles			127,935	104,157
Amortization of deferred loan origination costs			0	0
Amortization of financing origination fees			331	327
Pension and Other Postretirement Benefits Cost (Reversal of Cost)			18,954	14,950
Employee benefit plan contributions and payments			(6,422)	(37,307)
Stock compensation expense			17,229	15,995
Net change in wholesale finance receivables related to sales			0	0
Provision for credit losses	0	0	0	0
Deferred income taxes			(443)	4,975
Other, net			20,993	(6,422)
Changes in current assets and liabilities:
Accounts receivable, net			(194,831)	(241,569)
Finance receivables - accrued interest and other			0	0
Inventories			63,957	138,942
Accounts payable and accrued liabilities			137,644	112,916
Derivative instruments			(205)	3,106
Other			2,924	(8,683)
Total adjustments			188,066	101,387
Net cash provided by operating activities			607,974	570,732
Cash flows from investing activities:
Capital expenditures			(63,236)	(64,273)
Origination of finance receivables			0	0
Collections on finance receivables			0	0
Other			(11,758)	7,031
Net cash used by investing activities			(74,994)	(57,242)
Cash flows from financing activities:
Proceeds from issuance of medium-term notes			0	0
Repayments of medium-term notes			0	0
Repayments of securitization debt			0	0
Net increase (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
Dividends paid			(124,680)	(128,452)
Purchase of common stock for treasury			(111,227)	(243,055)
Issuance of common stock under employee stock option plans			1,965	7,432
Net cash (used by) provided by financing activities			(233,942)	(364,075)
Effect of exchange rate changes on cash, cash equivalents and restricted cash			(9,441)	11,937
Cash, cash equivalents and restricted cash:
Net increase in cash, cash equivalents and restricted cash			289,597	161,352
Reportable Legal Entities | Financial Services Operations
Condensed Cash Flow Statements, Captions [Line Items]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	401,900	475,979	401,900	475,979	408,024	401,591
Cash flows from operating activities:
Net income	60,926	50,108	107,339	82,015
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of intangibles			2,126	3,421
Amortization of deferred loan origination costs			39,396	40,771
Amortization of financing origination fees			3,802	3,752
Pension and Other Postretirement Benefits Cost (Reversal of Cost)			0	0
Employee benefit plan contributions and payments			0	0
Stock compensation expense			1,852	1,502
Net change in wholesale finance receivables related to sales			0	0
Provision for credit losses	18,880	26,217	48,932	69,806
Deferred income taxes			2,043	(4,586)
Other, net			(245)	2,134
Changes in current assets and liabilities:
Accounts receivable, net			0	0
Finance receivables - accrued interest and other			4,228	2,067
Inventories			0	0
Accounts payable and accrued liabilities			192,410	228,247
Derivative instruments			69	8
Other			1,884	98
Total adjustments			296,497	347,220
Net cash provided by operating activities			403,836	429,235
Cash flows from investing activities:
Capital expenditures			(6,057)	(5,543)
Origination of finance receivables			(4,046,125)	(4,205,868)
Collections on finance receivables			3,593,272	3,608,929
Other			0	0
Net cash used by investing activities			(458,910)	(602,482)
Cash flows from financing activities:
Proceeds from issuance of medium-term notes			1,144,018	893,668
Repayments of medium-term notes			(877,488)	(400,000)
Repayments of securitization debt			(183,453)	(275,659)
Net increase (decrease) in credit facilities and unsecured commercial paper			56,280	(128,787)
Borrowings of asset-backed commercial paper			120,903	341,625
Repayments of asset-backed commercial paper			(100,660)	(77,732)
Dividends paid			(110,000)	(106,000)
Purchase of common stock for treasury			0	0
Issuance of common stock under employee stock option plans			0	0
Net cash (used by) provided by financing activities			49,600	247,115
Effect of exchange rate changes on cash, cash equivalents and restricted cash			(650)	520
Cash, cash equivalents and restricted cash:
Net increase in cash, cash equivalents and restricted cash			(6,124)	74,388
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	0	0	0	0	$ 0	$ 0
Cash flows from operating activities:
Net income	(167)	(141)	(110,146)	(106,124)
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
Pension and Other Postretirement Benefits Cost (Reversal of Cost)			0	0
Employee benefit plan contributions and payments			0	0
Stock compensation expense			0	0
Net change in wholesale finance receivables related to sales			(171,195)	(271,927)
Provision for credit losses	$ 0	$ 0	0	0
Deferred income taxes			(85)	(211)
Other, net			146	125
Changes in current assets and liabilities:
Accounts receivable, net			179,949	213,330
Finance receivables - accrued interest and other			0	0
Inventories			0	0
Accounts payable and accrued liabilities			(168,953)	(208,043)
Derivative instruments			0	0
Other			(5,667)	(49)
Total adjustments			(165,805)	(266,775)
Net cash provided by operating activities			(275,951)	(372,899)
Cash flows from investing activities:
Capital expenditures			0	0
Origination of finance receivables			2,046,339	2,228,029
Collections on finance receivables			(1,880,388)	(1,961,130)
Other			0	0
Net cash used by investing activities			165,951	266,899
Cash flows from financing activities:
Proceeds from issuance of medium-term notes			0	0
Repayments of medium-term notes			0	0
Repayments of securitization debt			0	0
Net increase (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
Dividends paid			110,000	106,000
Purchase of common stock for treasury			0	0
Issuance of common stock under employee stock option plans			0	0
Net cash (used by) provided by financing activities			110,000	106,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash			0	0
Cash, cash equivalents and restricted cash:
Net increase in cash, cash equivalents and restricted cash			$ 0	$ 0