Harley-Davidson (HOG) 10-Q6 Nov 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2024	Oct. 30, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-9183
Entity Registrant Name	Harley-Davidson, Inc.
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-1382325
Entity Address, Address Line One	3700 West Juneau Avenue
Entity Address, City or Town	Milwaukee
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53208
City Area Code	414
Local Phone Number	342-4680
Title of 12(b) Security	Common Stock Par Value $.01 PER SHARE
Trading Symbol	HOG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		127,326,708
Entity Central Index Key	0000793952
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue:
Motorcycles and related products	$ 881,213	$ 1,305,125	$ 3,717,375	$ 4,075,878
Financial services	269,482	243,934	781,818	707,390
Total revenue	1,150,695	1,549,059	4,499,193	4,783,268
Costs and expenses:
Motorcycles and related products cost of goods sold	618,580	893,343	2,566,272	2,691,272
Financial services interest expense	94,463	84,123	276,943	243,677
Financial services provision for credit losses	57,977	60,854	175,017	170,496
Selling, administrative and engineering expense	273,879	301,454	870,985	877,591
Total costs and expenses	1,044,899	1,339,774	3,889,217	3,983,036
Operating income	105,796	209,285	609,976	800,232
Other income, net	18,408	26,814	54,851	54,136
Investment income	16,450	9,868	45,665	31,044
Interest expense	7,707	7,688	23,066	23,104
Income before income taxes	132,947	238,279	687,426	862,308
Income tax provision	16,980	42,176	123,821	190,546
Net income	115,967	196,103	563,605	671,762
Less: Loss attributable to noncontrolling interests	3,073	2,546	8,644	9,016
Net income attributable to Harley-Davidson, Inc.	$ 119,040	$ 198,649	$ 572,249	$ 680,778
Earnings per share:
Basic (in dollars per share)	$ 0.92	$ 1.40	$ 4.30	$ 4.74
Diluted (in dollars per share)	0.91	1.38	4.27	4.65
Cash dividends per share (in dollars per share)	$ 0.1725	$ 0.1650	$ 0.5175	$ 0.4950

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 115,967	$ 196,103	$ 563,605	$ 671,762
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	63,922	(11,552)	25,733	(21,068)
Derivative financial instruments	(23,940)	11,898	(17,016)	9,142
Pension and postretirement benefit plans	(821)	(961)	(2,468)	(2,884)
Other comprehensive income (loss)	39,161	(615)	6,249	(14,810)
Comprehensive income	155,128	195,488	569,854	656,952
Less: Loss attributable to noncontrolling interests	3,073	2,546	8,644	9,016
Comprehensive income attributable to Harley-Davidson, Inc.	$ 158,201	$ 198,034	$ 578,498	$ 665,968

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
ASSETS
Cash and cash equivalents	$ 2,243,910	$ 1,533,806	$ 1,878,351
Accounts receivable, net	307,701	267,200	315,331
Finance receivables, net of allowance of $70,073, $67,035, and $67,346	2,300,551	2,113,729	2,101,965
Inventories, net	681,864	929,951	768,765
Restricted cash	147,910	104,642	130,838
Other current assets	208,000	214,401	227,556
Current assets	5,889,936	5,163,729	5,422,806
Finance receivables, net of allowance of $329,839, $314,931, and $325,368	5,499,836	5,384,536	5,553,259
Property, plant and equipment, net	728,467	731,724	703,304
Pension and postretirement assets	452,515	413,107	369,440
Goodwill	62,909	62,696	61,935
Deferred income taxes	169,290	161,184	144,764
Lease assets	69,837	69,650	69,034
Other long-term assets	153,869	153,928	137,674
Assets	13,026,659	12,140,554	12,462,216
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable	305,619	349,162	382,127
Accrued liabilities	626,352	646,859	586,134
Short-term deposits, net	178,638	253,309	250,987
Short-term debt	497,373	878,935	815,081
Current portion of long-term debt, net	2,561,535	1,255,999	638,496
Current liabilities	4,169,517	3,384,264	2,672,825
Long-term deposits, net	370,372	194,473	227,946
Long-term debt, net	4,739,507	4,990,586	5,856,005
Lease liabilities	51,955	51,848	52,238
Pension and postretirement liabilities	58,551	59,772	67,991
Deferred income taxes	33,493	33,514	29,528
Other long-term liabilities	178,152	173,802	244,413
Commitments and contingencies (Note 14)
Shareholders’ equity:
Common stock	1,720	1,712	1,712
Additional paid-in-capital	1,784,123	1,752,435	1,738,026
Retained earnings	3,603,720	3,100,925	3,098,652
Accumulated other comprehensive loss	(298,713)	(304,962)	(356,739)
Treasury stock, at cost	(1,659,544)	(1,297,302)	(1,171,635)
Shareholders’ equity	3,431,306	3,252,808	3,310,016
Noncontrolling interest	(6,194)	(513)	1,254
Total equity	3,425,112	3,252,295	3,311,270
Total liabilities and shareholders' equity	$ 13,026,659	$ 12,140,554	$ 12,462,216

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Allowance for credit loss, current	$ 70,073	$ 67,035	$ 67,346
Allowance for credit loss, noncurrent	329,839	314,931	325,368
Finance receivables, net - current	2,300,551	2,113,729	2,101,965
Other current assets	208,000	214,401	227,556
Finance receivables, net - non-current	5,499,836	5,384,536	5,553,259
Current portion of long-term debt, net	2,561,535	1,255,999	638,496
Long-term debt, net	4,739,507	4,990,586	5,856,005
Consolidated VIEs
Finance receivables, net - current	646,317	533,262	555,109
Other current assets	6,045	8,785	9,395
Finance receivables, net - non-current	2,359,227	1,934,113	2,196,887
Restricted cash - current and non-current	156,583	110,580	135,762
Current portion of long-term debt, net	719,535	577,203	619,666
Long-term debt, net	$ 1,904,175	$ 1,533,423	$ 1,791,784

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net cash provided by operating activities (Note 6)	$ 930,655	$ 706,767
Cash flows from investing activities:
Capital expenditures	(140,424)	(138,902)
Origination of finance receivables	(3,002,737)	(3,162,957)
Collections on finance receivables	2,657,149	2,789,848
Other investing activities	(165)	878
Net cash used by investing activities	(486,177)	(511,133)
Cash flows from financing activities:
Proceeds from issuance of medium-term notes	495,856	1,446,304
Repayments of medium-term notes	0	(1,056,680)
Proceeds from securitization debt	1,145,211	1,045,547
Repayments of securitization debt	(782,161)	(930,608)
Borrowings of asset-backed commercial paper	366,171	42,429
Repayments of asset-backed commercial paper	(195,709)	(187,599)
Net (decrease) increase in unsecured commercial paper	(387,392)	43,523
Net increase in deposits	100,737	161,157
Dividends paid	(69,454)	(72,775)
Repurchase of common stock	(359,810)	(239,428)
Other financing activities	11	1,706
Net cash provided by financing activities	313,460	253,576
Effect of exchange rate changes on cash, cash equivalents and restricted cash	198	(8,415)
Net increase in cash, cash equivalents and restricted cash	758,136	440,795
Cash, cash equivalents and restricted cash, beginning of period	1,648,811	1,579,177
Net increase in cash, cash equivalents and restricted cash	758,136	440,795
Cash, cash equivalents and restricted cash, end of period	2,406,947	2,019,972
Reconciliation of cash, cash equivalents and restricted cash on the Consolidated balance sheets to the Consolidated statements of cash flows:
Cash and cash equivalents	2,243,910	1,878,351
Restricted cash	147,910	130,838
Restricted cash included in Other long-term assets	15,127	10,783
Cash, cash equivalents and restricted cash per the Consolidated statements of cash flows	$ 2,406,947	$ 2,019,972

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Parent	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Equity Attributable to Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2022			170,400,212
Balance, beginning of period at Dec. 31, 2022	$ 2,906,808	$ 2,903,519	$ 1,704	$ 1,688,159	$ 2,490,649	$ (341,929)	$ (935,064)	$ 3,289
Increase (Decrease) in Stockholders' Equity
Net income (loss)	301,829	304,090			304,090			(2,261)
Other comprehensive income (loss), net of tax (Note 15)	(12,723)	(12,723)				(12,723)
Dividends	(24,123)	(24,123)			(24,123)
Repurchase of common stock	(96,767)	(96,767)					(96,767)
Share-based compensation (in shares)			733,658
Share-based compensation	20,825	19,062	$ 7	19,055				1,763
Ending balance (in shares) at Mar. 31, 2023			171,133,870
Balance, end of period at Mar. 31, 2023	3,095,849	3,093,058	$ 1,711	1,707,214	2,770,616	(354,652)	(1,031,831)	2,791
Beginning balance (in shares) at Dec. 31, 2022			170,400,212
Balance, beginning of period at Dec. 31, 2022	2,906,808	2,903,519	$ 1,704	1,688,159	2,490,649	(341,929)	(935,064)	3,289
Increase (Decrease) in Stockholders' Equity
Net income (loss)	671,762
Other comprehensive income (loss), net of tax (Note 15)	(14,810)
Ending balance (in shares) at Sep. 30, 2023			171,196,120
Balance, end of period at Sep. 30, 2023	3,311,270	3,310,016	$ 1,712	1,738,026	3,098,652	(356,739)	(1,171,635)	1,254
Beginning balance (in shares) at Mar. 31, 2023			171,133,870
Balance, beginning of period at Mar. 31, 2023	3,095,849	3,093,058	$ 1,711	1,707,214	2,770,616	(354,652)	(1,031,831)	2,791
Increase (Decrease) in Stockholders' Equity
Net income (loss)	173,830	178,039			178,039			(4,209)
Other comprehensive income (loss), net of tax (Note 15)	(1,472)	(1,472)				(1,472)
Dividends	(24,070)	(24,070)			(24,070)
Repurchase of common stock	(74,184)	(74,184)					(74,184)
Share-based compensation (in shares)			38,173
Share-based compensation	19,903	17,525	$ 1	15,639			1,885	2,378
Ending balance (in shares) at Jun. 30, 2023			171,172,043
Balance, end of period at Jun. 30, 2023	3,189,856	3,188,896	$ 1,712	1,722,853	2,924,585	(356,124)	(1,104,130)	960
Increase (Decrease) in Stockholders' Equity
Net income (loss)	196,103	198,649			198,649			(2,546)
Other comprehensive income (loss), net of tax (Note 15)	(615)	(615)				(615)
Dividends	(24,582)	(24,582)			(24,582)
Repurchase of common stock	(70,451)	(70,451)					(70,451)
Share-based compensation (in shares)			24,077
Share-based compensation	20,959	18,119		15,173			2,946	2,840
Ending balance (in shares) at Sep. 30, 2023			171,196,120
Balance, end of period at Sep. 30, 2023	3,311,270	3,310,016	$ 1,712	1,738,026	3,098,652	(356,739)	(1,171,635)	1,254
Beginning balance (in shares) at Dec. 31, 2023			171,218,640
Balance, beginning of period at Dec. 31, 2023	3,252,295	3,252,808	$ 1,712	1,752,435	3,100,925	(304,962)	(1,297,302)	(513)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	232,233	234,941			234,941			(2,708)
Other comprehensive income (loss), net of tax (Note 15)	(27,596)	(27,596)				(27,596)
Dividends	(24,385)	(24,385)			(24,385)
Repurchase of common stock	(108,620)	(108,620)					(108,620)
Share-based compensation (in shares)			745,160
Share-based compensation	12,159	10,573	$ 8	10,565				1,586
Ending balance (in shares) at Mar. 31, 2024			171,963,800
Balance, end of period at Mar. 31, 2024	3,336,086	3,337,721	$ 1,720	1,763,000	3,311,481	(332,558)	(1,405,922)	(1,635)
Beginning balance (in shares) at Dec. 31, 2023			171,218,640
Balance, beginning of period at Dec. 31, 2023	3,252,295	3,252,808	$ 1,712	1,752,435	3,100,925	(304,962)	(1,297,302)	(513)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	563,605
Other comprehensive income (loss), net of tax (Note 15)	6,249
Ending balance (in shares) at Sep. 30, 2024			171,980,837
Balance, end of period at Sep. 30, 2024	3,425,112	3,431,306	$ 1,720	1,784,123	3,603,720	(298,713)	(1,659,544)	(6,194)
Beginning balance (in shares) at Mar. 31, 2024			171,963,800
Balance, beginning of period at Mar. 31, 2024	3,336,086	3,337,721	$ 1,720	1,763,000	3,311,481	(332,558)	(1,405,922)	(1,635)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	215,406	218,269			218,269			(2,863)
Other comprehensive income (loss), net of tax (Note 15)	(5,316)	(5,316)				(5,316)
Dividends	(22,974)	(22,974)			(22,974)
Repurchase of common stock	(102,870)	(102,870)					(102,870)
Share-based compensation (in shares)			5,124
Share-based compensation	12,984	12,928		12,049			879	56
Ending balance (in shares) at Jun. 30, 2024			171,968,924
Balance, end of period at Jun. 30, 2024	3,433,316	3,437,758	$ 1,720	1,775,049	3,506,776	(337,874)	(1,507,913)	(4,442)
Increase (Decrease) in Stockholders' Equity
Net income (loss)	115,967	119,040			119,040			(3,073)
Other comprehensive income (loss), net of tax (Note 15)	39,161	39,161				39,161
Dividends	(22,096)	(22,096)			(22,096)
Repurchase of common stock	(151,631)	(151,631)					(151,631)
Share-based compensation (in shares)			11,913
Share-based compensation	10,395	9,074		9,074				1,321
Ending balance (in shares) at Sep. 30, 2024			171,980,837
Balance, end of period at Sep. 30, 2024	$ 3,425,112	$ 3,431,306	$ 1,720	$ 1,784,123	$ 3,603,720	$ (298,713)	$ (1,659,544)	$ (6,194)

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends (in dollars per share)	$ 0.1725	$ 0.1725	$ 0.1725	$ 0.1650	$ 0.1650	$ 0.1650

Basis of Presentation and Use o

Basis of Presentation and Use of Estimates	9 Months Ended
Basis of Presentation and Use of Estimates	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Use of Estimates	Basis of Presentation and Use of Estimates Principles of Consolidation and Basis of Presentation – The consolidated financial statements include the accounts of Harley-Davidson, Inc. and its subsidiaries and certain variable interest entities (VIEs) related to secured financing as the Company is the primary beneficiary. All intercompany accounts and material intercompany transactions have been eliminated. The Company has a controlling equity interest in LiveWire Group, Inc. As the controlling shareholder, the Company consolidates LiveWire Group, Inc. results with additional adjustments to recognize non-controlling shareholder interests. The Company operates in three reportable segments: Harley-Davidson Motor Company (HDMC), LiveWire and Harley-Davidson Financial Services (HDFS). Substantially all of the Company’s international subsidiaries use their respective local currency as their functional currency. Assets and liabilities of international subsidiaries have been translated at period-end exchange rates, and revenues and expenses have been translated using average exchange rates for the period. Monetary assets and liabilities denominated in a currency that is different from an entity's functional currency are remeasured from the transactional currency to the entity's functional currency on a monthly basis. The aggregate transaction gain (loss) resulting from foreign currency remeasurements was $5.8 million and $(15.6) million for the three month periods ended September 30, 2024 and September 30, 2023, respectively, and $(0.9) million and $(11.1) million for the nine month periods ended September 30, 2024 and September 30, 2023, respectively. In the opinion of the Company's 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 September 30, 2024 and September 30, 2023, the Consolidated statements of operations for the three and nine month periods then ended, the Consolidated statements of comprehensive income for the three and nine month periods then ended, the Consolidated statements of cash flows for the nine month periods then ended, and the Consolidated statements of shareholders' equity for the three month periods within the nine month periods ended September 30, 2024 and September 30, 2023. Certain information and disclosures normally included in complete financial statements have been condensed or omitted pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC) and U.S. generally accepted accounting principles (U.S. GAAP) for interim financial reporting. The consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Use of Estimates – The preparation of financial statements in conformity with U.S. GAAP requires the Company's management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ from those estimates. Fair Value Measurements – 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. Foreign currency contracts, commodity contracts, and cross-currency swaps are valued using quoted forward rates and prices; interest rate caps are valued using quoted interest rates and yield curves; LiveWire warrants, including public (Level 1) and private placement (Level 2) warrants, are valued using the closing market price of the public warrants as the private placement warrants have terms and provisions that are identical to those of the public warrants.

New Accounting Standards

New Accounting Standards	9 Months Ended
New Accounting Standards	Sep. 30, 2024
Accounting Policies [Abstract]
New Accounting Standards	New Accounting Standards Accounting Standards Not Yet Adopted In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07). ASU 2023-07 is intended to improve reportable segment disclosures, primarily through enhanced disclosures about significant segment expenses. The main provisions of ASU 2023-07 require a public entity to disclose on an annual and interim basis: (i) significant segment expenses provided to the chief operating decision maker, (ii) an amount representing the difference between segment revenue less segment expenses disclosed under the significant segment expense principle and each reported measure of segment profit or loss and a description of its composition, (iii) all annual disclosures about a reportable segment's profit or loss and assets currently required under Topic 280 in interim periods, (iv) clarification that if the chief operating decision maker uses more than one measure of a segment's profit or loss in assessing segment performance and deciding how to allocate resources, a public entity may report one or more of those additional measures of segment profit, (v) the title and position of the chief operating decision maker and an explanation of how the chief operating decision maker uses the reported measure of segment profit or loss in assessing segment performance and deciding how to allocate resources, and (vi) all disclosures required by ASU 2023-07 and all existing segment disclosures under Topic 280 for an entity with a single reportable segment. The new guidance is effective for the fiscal years beginning after December 15, 2023 and for interim periods within fiscal years beginning after December 15, 2024. The Company is still evaluating the impact ASU 2023-07 will have on the Company's consolidated financial statement disclosures.

Revenue

Revenue	9 Months Ended
Revenue	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	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. Disaggregated revenue by major source was as follows (in thousands): Three months ended Nine months ended September 30, September 30, September 30, September 30, HDMC: Motorcycles $ 615,628 $ 1,023,090 $ 2,905,861 $ 3,216,387 Parts and accessories 174,301 184,809 534,359 568,001 Apparel 55,688 49,325 183,192 187,072 Licensing 3,897 9,586 18,312 20,912 Other 26,891 30,171 59,693 60,574 876,405 1,296,981 3,701,417 4,052,946 LiveWire 4,808 8,144 15,958 22,932 Motorcycles and related products revenue 881,213 1,305,125 3,717,375 4,075,878 HDFS: Interest income 232,990 207,673 666,903 586,752 Other 36,492 36,261 114,915 120,638 Financial services revenue 269,482 243,934 781,818 707,390 $ 1,150,695 $ 1,549,059 $ 4,499,193 $ 4,783,268 The Company maintains certain contract liability balances related to payments received at contract inception in advance of the Company’s performance under the contract which generally relate to the sale of memberships, loyalty points earned under membership programs and certain insurance-related contracts. Contract liabilities are recognized as revenue as the Company performs under the contract. Contract liabilities, included in Accrued liabilities and Other long-term liabilities on the Consolidated balance sheets , was as follows (in thousands): September 30, September 30, Balance, beginning of period $ 47,091 $ 44,100 Balance, end of period $ 54,792 $ 41,134

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s effective income tax rate for the nine months ended September 30, 2024 was 18.0% compared to 22.1% for the nine months ended September 30, 2023. The decrease in the effective tax rate for the nine months ended September 30, 2024 was attributable to changes in the mix of earnings for foreign jurisdictions that are taxed at rates that differ from the U.S. statutory rate and the benefit of increased income tax credits on lower taxable income.

Earnings Per Share

Earnings Per Share	9 Months Ended
Earnings Per Share	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share The computation of basic and diluted earnings per share was as follows (in thousands, except per share amounts): Three months ended Nine months ended September 30, September 30, September 30, September 30, Net income attributable to Harley-Davidson, Inc. $ 119,040 $ 198,649 $ 572,249 $ 680,778 Basic weighted-average shares outstanding 130,078 141,622 133,187 143,678 Effect of dilutive securities – employee stock compensation plan 884 2,699 798 2,652 Diluted weighted-average shares outstanding 130,962 144,321 133,985 146,330 Net earnings per share: Basic $ 0.92 $ 1.40 $ 4.30 $ 4.74 Diluted $ 0.91 $ 1.38 $ 4.27 $ 4.65 Shares of common stock related to share-based compensation that were not included in the effect of dilutive securities because the effect would have been anti-dilutive include 0.4 million and 0.8 million shares for the three months ended September 30, 2024 and September 30, 2023, respectively, and 0.9 million and 1.1 million shares for the nine months ended September 30, 2024 and September 30, 2023, respectively.

Additional Balance Sheet and Ca

Additional Balance Sheet and Cash Flow Information	9 Months Ended
Additional Balance Sheet and Cash Flow Information	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Additional Balance Sheet and Cash Flow Information	Additional Balance Sheet and Cash Flow Information Investments in Marketable Securities – The Company’s investments in marketable securities consisted of the following (in thousands): September 30, December 31, September 30, Mutual funds $ 33,816 $ 34,079 $ 32,664 Mutual funds, included in Other long-term assets on the Consolidated balance sheets , are carried at fair value with gains and losses recorded in income. Mutual funds are held to support certain deferred compensation obligations. Inventories, net – Substantially all inventories located in the U.S. 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. Motorcycle finished goods inventories include motorcycles that are ready for sale and motorcycles that are substantially complete but awaiting installation of certain components. Inventories, net consisted of the following (in thousands): September 30, December 31, September 30, Raw materials and work in process $ 299,296 $ 389,221 $ 333,107 Motorcycle finished goods 399,699 514,964 405,714 Parts and accessories and apparel 119,260 150,844 154,640 Inventory at lower of FIFO cost or net realizable value 818,255 1,055,029 893,461 Excess of FIFO over LIFO cost (136,391) (125,078) (124,696) $ 681,864 $ 929,951 $ 768,765 Deposits – HDFS offers brokered certificates of deposit to customers indirectly through contractual arrangements with third-party banks and/or securities brokerage firms through its bank subsidiary. The Company had $549.0 million, $447.8 million, and $478.9 million , net of fees, of interest-bearing brokered certificates of deposit outstanding as of September 30, 2024, December 31, 2023, and September 30, 2023, respectively. The liabilities for deposits are included in Short-term deposits, net or Long-term deposits, net on the Consolidated balance sheets based upon the term of each brokered certificate of deposit issued. Each separate brokered certificate of deposit is issued under a master certificate, and as such, all outstanding brokered certificates of deposit are considered below the Federal Deposit Insurance Corporation insurance coverage limits. Future maturities of the Company's certificates of deposit as of September 30, 2024 were as follows (in thousands): 2024 $ 33,551 2025 145,737 2026 236,489 2027 119,281 Thereafter 15,200 Future maturities 550,258 Unamortized fees (1,248) $ 549,010 Operating Cash Flow – The reconciliation of Net income to Net cash provided by operating activities was as follows (in thousands): Nine months ended September 30, September 30, Cash flows from operating activities: Net income $ 563,605 $ 671,762 Adjustments to reconcile Net income to Net cash provided by operating activities: Depreciation and amortization 119,568 112,592 Amortization of deferred loan origination costs 54,461 65,996 Amortization of financing origination fees 10,363 9,734 Income related to long-term employee benefits (40,076) (50,373) Employee benefit plan contributions and payments (3,781) (2,668) Stock compensation expense 39,820 64,538 Net change in wholesale finance receivables related to sales (211,800) (392,817) Provision for credit losses 175,017 170,496 Deferred income taxes (1,815) (8,455) Other, net 19,557 (19,738) Changes in current assets and liabilities: Accounts receivable, net (36,529) (72,084) Finance receivables – accrued interest and other 2,325 2,366 Inventories, net 253,373 160,742 Accounts payable and accrued liabilities (12,903) 14,453 Other current assets (530) (19,777) 367,050 35,005 Net cash provided by operating activities $ 930,655 $ 706,767

Finance Receivables

Finance Receivables	9 Months Ended
Finance Receivables	Sep. 30, 2024
Receivables [Abstract]
Finance Receivables	Finance Receivables Finance receivables include both retail and wholesale finance receivables, including amounts held by consolidated VIEs. Finance receivables are recorded in the financial statements at amortized cost net of an allowance for credit losses. The Company provides retail financial services to customers of its dealers in the U.S. 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 and are primarily related to dealer sales of motorcycles to retail customers. 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 its dealers in the U.S. and Canada. Wholesale finance receivables are related primarily to the Company's sale of motorcycles, related parts and accessories and apparel to dealers. Wholesale loans to dealers are generally secured by financed inventory or property. Finance receivables, net were as follows (in thousands): September 30, December 31, September 30, Retail finance receivables $ 6,961,975 $ 6,818,699 $ 6,998,397 Wholesale finance receivables 1,238,324 1,061,532 1,049,541 8,200,299 7,880,231 8,047,938 Allowance for credit losses (399,912) (381,966) (392,714) $ 7,800,387 $ 7,498,265 $ 7,655,224 The Company’s finance receivables are reported at amortized cost, net of the allowance for credit losses. Amortized cost includes the principal outstanding, accrued interest, and deferred loan fees and costs. The Company's allowance for credit losses reflects expected lifetime credit losses on its finance receivables. Based on differences in the nature of the finance receivables and the underlying methodology for calculating the allowance for credit losses, the Company segments its finance receivables into the retail and wholesale portfolios. The Company further disaggregates each portfolio by credit quality indicators. As the credit risk varies between the retail and wholesale portfolios, the Company utilizes different credit quality indicators for each portfolio. The retail portfolio primarily consists of a large number of small balance, homogeneous finance receivables. The Company performs a collective evaluation of the adequacy of the retail allowance for credit losses. The Company utilizes a vintage-based loss forecast methodology that includes decompositions for probability of default, exposure at default, attrition rate, and recovery balance rate. Reasonable and supportable economic forecasts for a two-year period are incorporated into the methodology to reflect the estimated impact of changes in future economic conditions, such as unemployment rates, household obligations or other relevant factors, over the two-year reasonable and supportable period. For periods beyond the Company’s reasonable and supportable forecasts, the Company reverts to its average historical loss experience using a mean-reversion process over a three-year period. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, or term as well as other relevant factors. 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 to determine whether the loans share similar risk characteristics. The Company individually evaluates loans that do not share risk characteristics. Loans identified as those for which foreclosure is probable are classified as Non-Performing, and a specific allowance for credit losses is established when appropriate. The specific allowance is determined based on the amortized cost of the related finance receivable and the estimated fair value of the collateral, less selling costs and the cash that the Company expects to receive. Finance receivables in the wholesale portfolio not individually assessed are aggregated, based on similar risk characteristics, according to the Company’s internal risk rating system and measured collectively. 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 credit loss experience, reasonable and supportable economic forecasts, and the value of the underlying collateral and expected recoveries. The Company considers various third-party economic forecast scenarios as part of estimating the allowance for expected credit losses and applies a probability-weighting to those economic forecast scenarios. Each quarter, the Company's outlook on economic conditions impacts the Company's retail and wholesale estimates for expected credit losses. At the end of the third quarter of 2024, the Company's probability weighting of its economic forecast scenarios was weighted towards more pessimistic scenarios given continued challenging macro-economic conditions including a persistently high interest rate environment, ongoing elevated inflation levels and muted consumer confidence. Additionally, the historical experience incorporated into the portfolio-specific models does not fully reflect the Company's comprehensive expectations regarding the future. As such, the Company incorporated qualitative factors to establish an appropriate allowance for credit losses balance. These factors include motorcycle recovery value considerations, delinquency adjustments, specific problem loan trends, and changes in other portfolio-specific loan characteristics. During the first nine months of 2024, the Company experienced increased retail credit losses driven by several factors connected to the macro-economic environment and related customer and industry dynamics, including the impact of higher motorcycle payments and general inflationary pressures on customers. Additionally, the Company experienced downward pressure on recovery values at auction during the first nine months of 2024. Due to the use of projections and assumptions in estimating the losses, the amount of losses incurred by the Company in either portfolio could differ from the amounts estimated. Further, the Company’s allowance for credit losses incorporates known conditions at the balance sheet date and the Company’s expectations surrounding the economic forecasts. The Company will continue to monitor future economic trends and conditions. Expectations surrounding the Company's economic forecasts may change in future periods as additional information becomes available. Changes in the Company's allowance for credit losses on its finance receivables by portfolio were as follows (in thousands): Three months ended September 30, 2024 Nine months ended September 30, 2024 Retail Wholesale Total Retail Wholesale Total Balance, beginning of period $ 377,826 $ 15,691 $ 393,517 $ 367,037 $ 14,929 $ 381,966 Provision for credit losses 55,831 2,146 57,977 172,109 2,908 175,017 Charge-offs (65,029) — (65,029) (207,109) — (207,109) Recoveries 13,447 — 13,447 50,038 — 50,038 Balance, end of period $ 382,075 $ 17,837 $ 399,912 $ 382,075 $ 17,837 $ 399,912 Three months ended September 30, 2023 Nine months ended September 30, 2023 Retail Wholesale Total Retail Wholesale Total Balance, beginning of period $ 366,919 $ 14,861 $ 381,780 $ 345,275 $ 13,436 $ 358,711 Provision for credit losses 60,832 22 60,854 169,049 1,447 170,496 Charge-offs (63,738) — (63,738) (182,183) — (182,183) Recoveries 13,818 — 13,818 45,690 — 45,690 Balance, end of period $ 377,831 $ 14,883 $ 392,714 $ 377,831 $ 14,883 $ 392,714 The Company manages retail credit risk through its credit approval process 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. For the Company’s U.S. and Canadian retail finance receivables, the Company determines the credit quality indicator for each loan at origination and does not update the credit quality indicator subsequent to the loan origination date. As loan performance by credit quality indicator differs between the U.S. and Canadian retail loans, the Company’s credit quality indicators vary for the two portfolios. For U.S. retail finance receivables, those with a FICO score of 740 or above at origination are generally considered super prime, loans with a FICO score between 640 and 740 are generally categorized as prime, and loans with FICO score below 640 are generally considered sub-prime. For Canadian retail finance receivables, those with a FICO score of 700 or above at origination are generally considered super prime, loans with a FICO score between 620 and 700 are generally categorized as prime, and loans with FICO score below 620 are generally considered sub-prime. The amortized cost along with period gross charge-offs of the Company's U.S. and Canadian retail finance receivables by vintage and credit quality indicator was as follows (in thousands): September 30, 2024 2024 2023 2022 2021 2020 2019 & Prior Total U.S. Retail: Super prime $ 931,374 $ 769,173 $ 507,694 $ 241,713 $ 84,111 $ 39,590 $ 2,573,655 Prime 927,821 901,954 730,870 410,721 166,169 106,766 3,244,301 Sub-prime 281,501 249,447 200,838 134,880 67,592 59,151 993,409 2,140,696 1,920,574 1,439,402 787,314 317,872 205,507 6,811,365 Canadian Retail: Super prime 35,280 34,382 21,186 10,573 4,410 1,702 107,533 Prime 9,200 10,340 8,054 4,812 2,782 2,124 37,312 Sub-prime 1,731 1,457 1,132 490 564 391 5,765 46,211 46,179 30,372 15,875 7,756 4,217 150,610 $ 2,186,907 $ 1,966,753 $ 1,469,774 $ 803,189 $ 325,628 $ 209,724 $ 6,961,975 Gross charge-offs for the nine months ended September 30, 2024: U.S. Retail $ 4,680 $ 65,972 $ 67,945 $ 36,365 $ 15,270 $ 13,485 $ 203,717 Canadian Retail 87 1,033 976 616 329 351 3,392 $ 4,767 $ 67,005 $ 68,921 $ 36,981 $ 15,599 $ 13,836 $ 207,109 December 31, 2023 2023 2022 2021 2020 2019 2018 & Prior Total U.S. Retail: Super prime $ 1,066,321 $ 729,339 $ 376,474 $ 151,004 $ 70,627 $ 27,013 $ 2,420,778 Prime 1,173,463 993,417 584,305 259,995 139,011 78,880 3,229,071 Sub-prime 333,099 275,964 189,688 101,437 63,393 44,568 1,008,149 2,572,883 1,998,720 1,150,467 512,436 273,031 150,461 6,657,998 Canadian Retail: Super prime 48,705 31,733 17,744 9,241 4,521 1,524 113,468 Prime 13,764 11,434 7,336 4,390 2,728 1,838 41,490 Sub-prime 1,846 1,546 739 817 525 270 5,743 64,315 44,713 25,819 14,448 7,774 3,632 160,701 $ 2,637,198 $ 2,043,433 $ 1,176,286 $ 526,884 $ 280,805 $ 154,093 $ 6,818,699 Gross charge-offs for the year ended December 31, 2023: U.S. Retail $ 20,047 $ 102,387 $ 74,212 $ 30,896 $ 18,088 $ 14,655 $ 260,285 Canadian Retail 527 1,004 866 472 278 483 3,630 $ 20,574 $ 103,391 $ 75,078 $ 31,368 $ 18,366 $ 15,138 $ 263,915 September 30, 2023 2023 2022 2021 2020 2019 2018 & Prior Total U.S. Retail: Super prime $ 916,306 $ 806,658 $ 424,425 $ 175,218 $ 87,737 $ 37,875 $ 2,448,219 Prime 1,033,222 1,086,081 645,931 293,977 163,603 102,427 3,325,241 Sub-prime 296,583 307,280 211,626 114,298 72,587 55,700 1,058,074 2,246,111 2,200,019 1,281,982 583,493 323,927 196,002 6,831,534 Canadian Retail: Super prime 43,643 34,700 19,796 10,707 5,929 2,245 117,020 Prime 13,007 12,307 7,968 4,890 3,135 2,362 43,669 Sub-prime 1,839 1,671 852 871 575 366 6,174 58,489 48,678 28,616 16,468 9,639 4,973 166,863 $ 2,304,600 $ 2,248,697 $ 1,310,598 $ 599,961 $ 333,566 $ 200,975 $ 6,998,397 Gross charge-offs for the nine months ended September 30, 2023: U.S. Retail $ 5,141 $ 71,540 $ 54,843 $ 23,023 $ 13,622 $ 11,663 $ 179,832 Canadian Retail 75 703 634 337 220 382 2,351 $ 5,216 $ 72,243 $ 55,477 $ 23,360 $ 13,842 $ 12,045 $ 182,183 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 the Company’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. Additionally, the Company classifies dealers identified as those in which foreclosure is probable as Non-Performing. 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 by the Company on a quarterly basis. The amortized cost of the Company's wholesale finance receivables, by vintage and credit quality indicator, was as follows (in thousands): September 30, 2024 2024 2023 2022 2021 2020 2019 & Prior Total Non-Performing $ 1,986 $ 2,134 $ 122 $ — $ — $ 2 $ 4,244 Doubtful 9,939 4,043 129 — — 5 14,116 Substandard 14,669 3,391 34 — — — 18,094 Special Mention 4,527 1,240 58 — — — 5,825 Medium Risk 615 146 — — — — 761 Low Risk 1,008,975 134,065 38,019 2,567 3,500 8,158 1,195,284 $ 1,040,711 $ 145,019 $ 38,362 $ 2,567 $ 3,500 $ 8,165 $ 1,238,324 December 31, 2023 2023 2022 2021 2020 2019 2018 & Prior Total Non-Performing $ — $ — $ — $ — $ — $ — $ — Doubtful — — — — — — — Substandard 10,934 258 — — 5 — 11,197 Special Mention 641 30 — — — — 671 Medium Risk 2,905 — — — — — 2,905 Low Risk 961,519 66,757 5,107 4,962 7,786 628 1,046,759 $ 975,999 $ 67,045 $ 5,107 $ 4,962 $ 7,791 $ 628 $ 1,061,532 September 30, 2023 2023 2022 2021 2020 2019 2018 & Prior Total Non-Performing $ — $ — $ — $ — $ — $ — $ — Doubtful — — — — — — — Substandard — — — — — — — Special Mention 603 30 — — — — 633 Medium Risk 2,754 16 — 25 — — 2,795 Low Risk 934,104 95,436 5,928 5,354 4,601 690 1,046,113 $ 937,461 $ 95,482 $ 5,928 $ 5,379 $ 4,601 $ 690 $ 1,049,541 Retail finance receivables are contractually delinquent if the minimum payment is not received by the specified due date. Retail finance receivables at amortized cost, excluding accrued interest, 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. The Company reverses accrued interest related to charged-off accounts against HDFS interest income when the account is charged-off. The Company reversed $6.9 million and $6.2 million of accrued interest against HDFS interest income during the three months ended September 30, 2024 and September 30, 2023, respectively, and $24.0 million and $19.6 million during the nine months ended September 30, 2024 and September 30,2023, respectively. All retail finance receivables accrue interest until either collected or charged-off. Due to the timely write-off of accrued interest, the Company made the election provided under Accounting Standards Codification (ASC) Topic 326, Financial Instruments - Credit Losses to exclude accrued interest from its allowance for credit losses. Accordingly, as of September 30, 2024, December 31, 2023, and September 30, 2023, all retail finance receivables were accounted for as interest-earning receivables. Wholesale finance receivables are delinquent if the minimum payment is not received by the contractual due date. Wholesale finance receivables are written down once the Company 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 Company determines that foreclosure is probable, 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. Once an account is charged-off, the Company will reverse the associated accrued interest against HDFS interest income. As the Company follows a non-accrual policy for interest, the allowance for credit losses excludes accrued interest for the wholesale portfolio. There were no charged-off accounts during the three and nine months ended September 30, 2024 or September 30, 2023. As such, the Company did not reverse any wholesale accrued interest in those periods. At September 30, 2024, December 31, 2023 and September 30, 2023, $0.2 million of wholesale finance receivables were 90 days or more past due and accruing interest. Additional information related to the wholesale finance receivables on non-accrual status was as follows (in thousands): Amortized Cost Amortized Cost Interest Income January 1, 2024 September 30, 2024 Recognized Wholesale: No related allowance recorded $ — $ 2,423 $ 123 Related allowance recorded — 1,821 123 $ — $ 4,244 $ 246 The aging analysis of the Company's finance receivables was as follows (in thousands): September 30, 2024 Current 31-60 Days 61-90 Days Greater than Total Total Retail finance receivables $ 6,679,994 $ 163,963 $ 61,542 $ 56,476 $ 281,981 $ 6,961,975 Wholesale finance receivables 1,236,124 832 777 591 2,200 1,238,324 $ 7,916,118 $ 164,795 $ 62,319 $ 57,067 $ 284,181 $ 8,200,299 December 31, 2023 Current 31-60 Days 61-90 Days Greater than Total Total Retail finance receivables $ 6,516,342 $ 168,027 $ 67,033 $ 67,297 $ 302,357 $ 6,818,699 Wholesale finance receivables 1,060,561 763 25 183 971 1,061,532 $ 7,576,903 $ 168,790 $ 67,058 $ 67,480 $ 303,328 $ 7,880,231 September 30, 2023 Current 31-60 Days 61-90 Days Greater than Total Total Retail finance receivables $ 6,738,510 $ 151,192 $ 55,454 $ 53,241 $ 259,887 $ 6,998,397 Wholesale finance receivables 1,049,338 19 22 162 203 1,049,541 $ 7,787,848 $ 151,211 $ 55,476 $ 53,403 $ 260,090 $ 8,047,938

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	9 Months Ended
Derivative Financial Instruments and Hedging Activities	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Hedging Activities	Derivative Financial Instruments and Hedging Activities The Company is exposed to risks from fluctuations in foreign currency exchange rates, interest rates and commodity prices. 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. The Company sells products in foreign currencies and utilizes foreign currency exchange contracts to mitigate the effects of foreign currency exchange rate fluctuations related to the Euro, Australian dollar, Japanese yen, Canadian dollar, and Mexican peso. The Company's foreign currency exchange contracts generally have maturities of less than one year. The Company utilizes commodity contracts to mitigate the effects of commodity price fluctuations related to metals and fuel consumed in its motorcycle operations. The Company's commodity contracts generally have maturities of less than one year. The Company periodically utilizes treasury rate and swap rate lock contracts to fix the interest rate on a portion of the principal related to an anticipated issuance of long-term debt and cross-currency swaps to mitigate the effect of foreign currency exchange rate fluctuations on its foreign currency-denominated debt. The Company also utilizes interest rate caps to facilitate certain asset-backed securitization transactions. All derivative financial instruments are recognized on the Consolidated balance sheets at fair value. In accordance with ASC Topic 815, Derivatives and Hedging (ASC Topic 815), the accounting for changes in the fair value of a derivative financial 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 derivative financial instruments that are designated as cash flow hedges are initially recorded in Other comprehensive (loss) income (OCI) and subsequently reclassified into income when the hedged item affects income. Refer to Note 15 of the Notes to Consolidated financial statements for more detail on derivatives activity included in accumulated other comprehensive income. The Company assesses, both at the inception of each hedge and on an ongoing basis, whether the derivative financial instruments that are designated as cash flow hedging transactions are highly effective in offsetting changes in cash flows of the hedged items. No component of a designated hedging derivative financial instrument’s gain or loss is excluded from the assessment of hedge effectiveness. Derivative financial instruments not designated as hedges are not speculative and are used to manage the Company’s exposure to foreign currency, commodity risks and interest rate risks. Changes in the fair value of derivative financial instruments not designated as hedging instruments are recorded directly in income. Cash flow activity associated with the Company's derivative financial instruments is recorded in Cash flows from operating activities on the Consolidated statement of cash flows. Derivative assets and liabilities are reported in Other current assets and Accrued liabilities on the Consolidated balance sheets , respectively, other than long-term balances noted below. The notional and fair values of the Company's derivative financial instruments under ASC Topic 815 were as follows (in thousands): Derivative Financial Instruments September 30, 2024 December 31, 2023 September 30, 2023 Notional Assets (b) Liabilities (a) Notional Assets (b) Liabilities (a) Notional Assets (b) Liabilities (a) Foreign currency contracts $ 416,405 $ 106 $ 9,168 $ 540,088 $ 3,529 $ 9,194 $ 481,204 $ 15,486 $ 1,325 Commodity contracts 789 25 — 642 — 134 601 — 63 Cross-currency swaps 1,420,560 19,663 4,702 1,420,560 15,080 3,160 1,420,560 — 58,655 $ 1,837,754 $ 19,794 $ 13,870 $ 1,961,290 $ 18,609 $ 12,488 $ 1,902,365 $ 15,486 $ 60,043 Derivative Financial Instruments September 30, 2024 December 31, 2023 September 30, 2023 Notional Assets (c) Liabilities Notional Assets (c) Liabilities Notional Assets (c) Liabilities Commodity contracts $ 3,538 $ — $ 365 $ 5,637 $ — $ 318 $ 5,773 $ 168 $ 245 Interest rate caps 349,697 10 — 617,859 464 — 718,960 1,966 — $ 353,235 $ 10 $ 365 $ 623,496 $ 464 $ 318 $ 724,733 $ 2,134 $ 245 (a) Includes $58.7 million of cross-currency swaps recorded in Other long-term liabilities as of September 30, 2023, with all remaining amounts recorded in Accrued liabilities . (b) Includes $19.7 million and $15.1 million of cross-currency swaps recorded in Other long-term assets as of September 30, 2024 and December 31, 2023, respectively, with all remaining amounts recorded in Other current assets . (c) Includes $0.5 million and $2.0 million of interest rate caps recorded in Other long-term assets as of December 31, 2023 and September 30, 2023, respectively, with all remaining amounts recorded in Other current assets. The amounts of gains and losses related to the Company's derivative financial instruments designated as cash flow hedges were as follows (in thousands): Gain/(Loss) Gain/(Loss) Three months ended Nine months ended Three months ended Nine months ended September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, Foreign currency contracts $ (14,470) $ 14,632 $ 8,311 $ 18,597 $ 6,749 $ (3,588) $ 13,718 $ 635 Commodity contracts (35) (51) (148) (467) (62) (115) (306) (814) Cross-currency swaps 48,167 (44,089) 3,041 (22,543) 58,669 (41,210) 16,523 (16,365) Treasury rate lock contracts — — (4,293) 1,139 (210) (241) (247) (510) Swap rate lock contracts — — — (1,780) (149) 95 (445) 163 $ 33,662 $ (29,508) $ 6,911 $ (5,054) $ 64,997 $ (45,059) $ 29,243 $ (16,891) The location and amount of gains and losses recognized in income related to the Company's derivative financial instruments designated as cash flow hedges were as follows (in thousands): Motorcycles and related products Selling, administrative & Interest expense Financial services interest expense Three months ended September 30, 2024 Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded $ 618,580 $ 273,879 $ 7,707 $ 94,463 Gain/(loss) reclassified from AOCL into income: Foreign currency contracts 6,749 — — — Commodity contracts (62) — — — Cross-currency swaps — 58,669 — — Treasury rate lock contracts — — (90) (120) Swap rate lock contracts — — — (149) Three months ended September 30, 2023 Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded $ 893,343 $ 301,454 $ 7,688 $ 84,123 Gain/(loss) reclassified from AOCL into income: Foreign currency contracts (3,588) — — — Commodity contracts (115) — — — Cross-currency swaps — (41,210) — — Treasury rate lock contracts — — (91) (150) Swap rate lock contracts — — — 95 Motorcycles and related products Selling, administrative & Interest expense Financial services interest expense Nine months ended September 30, 2024 Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded $ 2,566,272 $ 870,985 $ 23,066 $ 276,943 Gain/(loss) reclassified from AOCL into income: Foreign currency contracts 13,718 — — — Commodity contracts (306) — — — Cross-currency swaps — 16,523 — — Treasury rate lock contracts — — (272) 25 Swap rate lock contracts — — — (445) Nine months ended September 30, 2023 Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded $ 2,691,272 $ 877,591 $ 23,104 $ 243,677 Gain/(loss) reclassified from AOCL into income: Foreign currency contracts 635 — — — Commodity contracts (814) — — — Cross-currency swaps — (16,365) — — Treasury rate lock contracts — — (272) (238) Swap rate lock contracts — — — 163 The amount of net gain included in Accumulated other comprehensive loss (AOCL) at September 30, 2024, estimated to be reclassified into income over the next 12 months was $9.0 million. The amount of gains and losses recognized in income related to derivative financial instruments not designated as hedging instruments were as follows (in thousands). Gains and losses on foreign currency contracts and commodity contracts were recorded in Motorcycles and related products cost of goods sold . Gains and losses on interest rate caps were recorded in Selling, administrative & engineering expense. Amount of Gain/(Loss) Three months ended Nine months ended September 30, September 30, September 30, September 30, Foreign currency contracts $ (2,943) $ 2,064 $ (250) $ 1,127 Commodity contracts (344) 297 (537) (1,080) Interest rate caps (249) (700) (454) (407) $ (3,536) $ 1,661 $ (1,241) $ (360) The Company is exposed to credit loss risk in the event of non-performance by counterparties to its derivative financial instruments. Although no assurances can be given, the Company does not expect any of the counterparties to its derivative financial instruments to fail to meet their 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 their position.

Debt

Debt	9 Months Ended
Debt	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	Debt Debt with a contractual term less than 12 months is generally classified as short-term and consisted of the following (in thousands): September 30, December 31, September 30, Unsecured commercial paper $ 497,373 $ 878,935 $ 815,081 Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following (in thousands): September 30, December 31, September 30, Secured debt: Asset-backed Canadian commercial paper conduit facility $ 94,142 $ 70,742 $ 79,755 Asset-backed U.S. commercial paper conduit facility 378,968 233,258 272,766 Asset-backed securitization debt 2,252,468 1,884,629 2,147,548 Unamortized discounts and debt issuance costs (7,726) (7,261) (8,864) 2,717,852 2,181,368 2,491,205 Unsecured notes (at par value): Medium-term notes: Due in 2024, issued November 2019 (a) 3.14 % 669,864 662,238 634,464 Due in 2025, issued June 2020 3.35 % 700,000 700,000 700,000 Due in 2026, issued April 2023 (b) 6.36 % 781,508 772,610 740,207 Due in 2027, issued February 2022 3.05 % 500,000 500,000 500,000 Due in 2028, issued March 2023 6.50 % 700,000 700,000 700,000 Due in 2029, issued June 2024 5.95 % 500,000 — — Unamortized discounts and debt issuance costs (14,800) (15,710) (17,275) 3,836,572 3,319,138 3,257,396 Senior notes: Due in 2025, issued July 2015 3.50 % 450,000 450,000 450,000 Due in 2045, issued July 2015 4.625 % 300,000 300,000 300,000 Unamortized discounts and debt issuance costs (3,382) (3,921) (4,100) 746,618 746,079 745,900 4,583,190 4,065,217 4,003,296 Long-term debt 7,301,042 6,246,585 6,494,501 Current portion of long-term debt, net (2,561,535) (1,255,999) (638,496) Long-term debt, net $ 4,739,507 $ 4,990,586 $ 5,856,005 (a) €600.0 million par value remeasured to U.S. dollar at September 30, 2024, December 31, 2023, and September 30, 2023, respectively (b) €700.0 million par value remeasured to U.S. dollar at September 30, 2024, December 31, 2023, and September 30, 2023, respectively Future principal payments of the Company's debt obligations as of September 30, 2024 were as follows (in thousands): 2024 $ 1,348,574 2025 1,892,265 2026 1,514,557 2027 1,089,974 2028 1,059,167 Thereafter 919,786 Future principal payments 7,824,323 Unamortized discounts and debt issuance costs (25,908) $ 7,798,415

Asset-Backed Financing

Asset-Backed Financing	9 Months Ended
Asset-Backed Financing	Sep. 30, 2024
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 Consolidated balance sheets 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 recorded in Financial services revenue on the Consolidated statements of operations . 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 assets and liabilities related to the on-balance sheet asset-backed financings included in the Consolidated balance sheets were as follows (in thousands): September 30, 2024 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt, net On-balance sheet assets and liabilities: Consolidated VIEs: Asset-backed securitizations $ 2,772,473 $ (152,943) $ 131,459 $ 4,523 $ 2,755,512 $ 2,244,742 Asset-backed U.S. commercial paper conduit facility 408,515 (22,501) 25,124 1,522 412,660 378,968 Unconsolidated VIEs: Asset-backed Canadian commercial paper conduit facility 109,199 (4,999) 6,454 163 110,817 94,142 $ 3,290,187 $ (180,443) $ 163,037 $ 6,208 $ 3,278,989 $ 2,717,852 December 31, 2023 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt, net On-balance sheet assets and liabilities: Consolidated VIEs: Asset-backed securitizations $ 2,348,817 $ (126,882) $ 94,137 $ 6,719 $ 2,322,791 $ 1,877,368 Asset-backed U.S. commercial paper conduit facility 259,441 (14,001) 16,443 2,066 263,949 233,258 Unconsolidated VIEs: Asset-backed Canadian commercial paper conduit facility 81,916 (3,667) 4,425 211 82,885 70,742 $ 2,690,174 $ (144,550) $ 115,005 $ 8,996 $ 2,669,625 $ 2,181,368 September 30, 2023 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt, net On-balance sheet assets and liabilities: Consolidated VIEs: Asset-backed securitizations $ 2,608,831 $ (141,260) $ 115,306 $ 7,951 $ 2,590,828 $ 2,138,684 Asset-backed U.S. commercial paper conduit facility 300,692 (16,267) 20,456 1,444 306,325 272,766 Unconsolidated VIEs: Asset-backed Canadian commercial paper conduit facility 91,926 (4,101) 5,859 116 93,800 79,755 $ 3,001,449 $ (161,628) $ 141,621 $ 9,511 $ 2,990,953 $ 2,491,205 On-Balance Sheet Asset-Backed Securitization VIEs – The Company transfers U.S. retail motorcycle finance receivables to SPEs that 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 transactions 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 currently have various contractual maturities ranging from 2025 to 2032. 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. Quarterly transfers of U.S. retail motorcycle finance receivables to SPEs, the respective proceeds, and the respective proceeds, net of discounts and issuance costs were as follows (in millions): 2024 2023 Transfers Proceeds Proceeds, net Transfers Proceeds Proceeds, net First quarter $ — $ — $ — $ 628.5 $ 550.0 $ 547.7 Second quarter 607.8 550.0 547.6 — — — Third quarter 663.1 600.0 597.6 576.0 500.0 497.8 $ 1,270.9 $ 1,150.0 $ 1,145.2 $ 1,204.5 $ 1,050.0 $ 1,045.5 On-Balance Sheet Asset-Backed U.S. Commercial Paper Conduit Facility VIE – In November 2023, the Company renewed its $1.50 billion revolving facility agreement (the U.S. Conduit Facility) with third-party banks and their asset-backed U.S. commercial paper conduits. Under the revolving facility agreement, the Company may transfer U.S. retail motorcycle finance receivables to an SPE, which in turn may issue debt to those third-party banks and their asset-backed U.S. commercial paper conduits. From November 2020 through November 2022, the U.S. Conduit Facility allowed for uncommitted additional borrowings of up to $300.0 million at the lenders’ discretion. Prior to the November 2022 renewal, the Company drew against the $300.0 million of uncommitted additional borrowings that were allowed prior to the renewal. The Company repaid the remaining balance of these uncommitted additional borrowings in full during the three months ended September 30, 2023. Availability under the U.S. Conduit Facility is based on, among other things, the amount of eligible U.S. retail motorcycle finance receivables held by the SPE as collateral. Under the U.S. Conduit Facility, 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 if funded by a conduit lender through the issuance of commercial paper. The interest rate on all outstanding debt and future borrowings, if not funded by a conduit lender through the issuance of commercial paper, is based on the Secured Overnight Financing Rate (SOFR), with provisions for a transition to other benchmark rates in the future, if necessary. In addition to interest, a program fee is assessed based on the outstanding debt principal balance. The U.S. Conduit Facility also provides for an unused commitment fee based on the unused portion of the total aggregate commitment. Prior to November 2022, when calculating the unused fee, the aggregate commitment did not include any unused portion of the $300.0 million uncommitted additional borrowings allowed. 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 U.S. Conduit Facility, 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 September 30, 2024, the U.S. Conduit Facility had an expiration date of November 20, 2024. The Company is the primary beneficiary of its U.S. Conduit Facility 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. During the first quarter of 2024, the Company transferred $334.8 million of U.S. retail motorcycle finance receivables to an SPE which, in turn, issued $306.0 million of debt under the U.S. Conduit Facility. There were no finance receivable transfers under the U.S. Conduit Facility during the second or third quarter of 2024 or during the nine months ended September 30, 2023. On-Balance Sheet Asset-Backed Canadian Commercial Paper Conduit Facility – In June 2024, the Company renewed and amended its revolving facility agreement (Canadian Conduit) with a Canadian bank-sponsored asset-backed commercial paper conduit. Under the renewed and amended 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$165.0 million, which was a C$40.0 million increase in the total commitment. The transferred assets are restricted as collateral for the payment of the associated 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. 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 of the Company and the lenders, as of September 30, 2024, the Canadian Conduit had an expiration date of June 30, 2025. 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 $16.7 million at September 30, 2024. The maximum exposure is not an indication of the Company's expected loss exposure. Quarterly transfers of Canadian retail motorcycle finance receivables to the Canadian Conduit and the respective proceeds were as follows (in millions): 2024 2023 Transfers Proceeds Transfers Proceeds First quarter $ 34.9 $ 28.6 $ — $ — Second quarter 20.6 16.9 40.5 33.5 Third quarter 17.9 14.7 10.8 8.9 $ 73.4 $ 60.2 $ 51.3 $ 42.4

Fair Value

Fair Value	9 Months Ended
Fair Value	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value	Fair Value The following tables present the fair values of certain of the Company's assets and liabilities within the fair value hierarchy as defined in Note 1. Recurring Fair Value Measurements – The Company’s assets and liabilities measured at fair value on a recurring basis were as follows (in thousands): September 30, 2024 Balance Level 1 Level 2 Assets: Cash equivalents $ 1,847,818 $ 1,603,315 $ 244,503 Marketable securities 33,816 33,816 — Derivative financial instruments 19,804 — 19,804 $ 1,901,438 $ 1,637,131 $ 264,307 Liabilities: Derivative financial instruments $ 14,235 $ — $ 14,235 LiveWire warrants 3,189 2,086 1,103 $ 17,424 $ 2,086 $ 15,338 December 31, 2023 Balance Level 1 Level 2 Assets: Cash equivalents $ 1,067,755 $ 898,000 $ 169,755 Marketable securities 34,079 34,079 — Derivative financial instruments 19,073 — 19,073 $ 1,120,907 $ 932,079 $ 188,828 Liabilities: Derivative financial instruments $ 12,806 $ — $ 12,806 LiveWire warrants 12,319 8,059 4,260 $ 25,125 $ 8,059 $ 17,066 September 30, 2023 Balance Level 1 Level 2 Assets: Cash equivalents $ 1,330,576 $ 1,071,000 $ 259,576 Marketable securities 32,664 32,664 — Derivative financial instruments 17,620 — 17,620 $ 1,380,860 $ 1,103,664 $ 277,196 Liabilities: Derivative financial instruments $ 60,288 $ — $ 60,288 LiveWire warrants 10,631 $ 6,955 $ 3,676 $ 70,919 $ 6,955 $ 63,964 Nonrecurring Fair Value Measurements – Repossessed inventory was $24.3 million, $28.0 million and $26.3 million as of September 30, 2024, December 31, 2023 and September 30, 2023, respectively, for which the fair value adjustment was a decrease of $16.8 million, $18.6 million and $10.8 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 fair value and carrying value of the Company’s remaining financial instruments that are measured at cost or amortized cost were as follows (in thousands): September 30, 2024 December 31, 2023 September 30, 2023 Fair Value Carrying Value Fair Value Carrying Value Fair Value Carrying Value Assets: Finance receivables, net $ 7,865,082 $ 7,800,387 $ 7,500,263 $ 7,498,265 $ 7,668,607 $ 7,655,224 Liabilities: Deposits, net $ 551,806 $ 549,010 $ 460,766 $ 447,782 $ 498,834 $ 478,933 Debt: Unsecured commercial paper $ 497,373 $ 497,373 $ 878,935 $ 878,935 $ 815,081 $ 815,081 Asset-backed U.S. commercial paper conduit facility $ 378,968 $ 378,968 $ 233,258 $ 233,258 $ 272,766 $ 272,766 Asset-backed Canadian commercial paper conduit facility $ 94,142 $ 94,142 $ 70,742 $ 70,742 $ 79,755 $ 79,755 Asset-backed securitization debt $ 2,258,289 $ 2,244,742 $ 1,872,215 $ 1,877,368 $ 2,121,724 $ 2,138,684 Medium-term notes $ 3,882,407 $ 3,836,572 $ 3,308,952 $ 3,319,138 $ 3,156,412 $ 3,257,396 Senior notes $ 703,108 $ 746,618 $ 674,787 $ 746,079 $ 642,746 $ 745,900 Finance Receivables, net – The carrying value of retail and wholesale finance receivables 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 are generally either short-term or have interest rates that adjust with changes in market interest rates. Deposits, net – The carrying value of deposits is amortized cost, net of fees. The fair value of deposits is estimated based upon rates currently available for deposits with similar terms and maturities. Fair value is calculated using Level 3 inputs. Debt – The carrying value of debt is generally cost, net of unamortized discounts and debt issuance costs. The fair value of unsecured commercial paper is calculated using Level 2 inputs and approximates carrying value due to its short maturity. The fair value of debt provided under the U.S. Conduit Facility and the Canadian Conduit Facility is calculated using Level 2 inputs and approximates carrying value since the interest rates charged under the facilities are tied directly to market rates and fluctuate as market rates change. The fair values of the medium-term notes and senior notes are estimated based upon rates currently available for debt with similar terms and remaining maturities (Level 2 inputs). The fair value of the fixed-rate 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). The fair value of the floating-rate debt related to on-balance sheet asset-backed securitization transactions is calculated using Level 2 inputs and approximates carrying value since the interest rates charged are tied directly to market rates and fluctuate as market rates change.

Product Warranty and Recall Cam

Product Warranty and Recall Campaigns	9 Months Ended
Product Warranty and Recall Campaigns	Sep. 30, 2024
Product Warranties Disclosures [Abstract]
Product Warranty and Recall Campaigns	Product Warranty and Recall Campaigns The Company currently provides a standard two-year limited warranty on all new motorcycles sold worldwide, except in certain markets, where the Company currently provides a standard three-year limited warranty. The Company also provides a five-year limited warranty on the battery for electric motorcycles. In addition, the Company provides a one-year warranty for parts and accessories. 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 at the time of shipment 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 records estimated recall costs when the liability is both probable and estimable. This generally occurs when the Company's management approves and commits to a recall. The warranty and recall liability is included in Accrued liabilities and Other long-term liabilities on the Consolidated balance sheets . Changes in the Company’s warranty and recall liabilities were as follows (in thousands): Three months ended Nine months ended September 30, September 30, September 30, September 30, Balance, beginning of period $ 69,633 $ 65,291 $ 64,144 $ 75,960 Warranties issued during the period 10,150 10,570 39,338 32,554 Settlements made during the period (16,001) (16,766) (45,846) (43,344) Recalls and changes to pre-existing warranty liabilities 15,291 7,215 21,437 1,140 Balance, end of period $ 79,073 $ 66,310 $ 79,073 $ 66,310 The liability for recall campaigns, included in the balance above, was $23.9 million, $18.9 million and $20.3 million at September 30, 2024, December 31, 2023 and September 30, 2023, respectively.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
Employee Benefit Plans	Sep. 30, 2024
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company has a qualified pension plan and postretirement healthcare benefit plans. The plans cover certain eligible employees and retirees of the HDMC segment. The Company also has unfunded supplemental employee retirement plan agreements (SERPA) with certain employees. Service cost is allocated among Selling, administrative and engineering expense, Motorcycles and related products cost of goods sold and Inventories, net . Amounts capitalized in inventory are not significant. Non-service cost components of net periodic benefit (income) cost are presented in Other income, net . Components of net periodic benefit (income) cost for the Company's defined benefit plans were as follows (in thousands): Three months ended Nine months ended September 30, September 30, September 30, September 30, Pension and SERPA Benefits: Service cost $ 1,175 $ 1,294 $ 3,525 $ 3,882 Interest cost 20,118 20,476 60,355 61,429 Expected return on plan assets (33,143) (36,519) (99,429) (109,557) Amortization of unrecognized: Prior service cost 188 188 564 564 Net gain (163) (181) (489) (543) Settlement gain — — — (222) Special retirement benefit cost — — 1,722 — Net periodic benefit income $ (11,825) $ (14,742) $ (33,752) $ (44,447) Postretirement Healthcare Benefits: Service cost $ 723 $ 797 $ 2,169 $ 2,390 Interest cost 2,694 2,772 8,082 8,316 Expected return on plan assets (4,424) (4,281) (13,272) (12,843) Amortization of unrecognized: Prior service cost (credit) 149 (166) 447 (498) Net gain (1,250) (1,097) (3,750) (3,291) Net periodic benefit income $ (2,108) $ (1,975) $ (6,324) $ (5,926) There are no required or planned voluntary qualified pension plan contributions for 2024. The Company expects it will continue to make ongoing benefit payments under the SERPA and postretirement healthcare plans.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation and Other Claims – The Company is subject to lawsuits and other claims related to product, commercial, employee, environmental 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. The Company accrues for matters when losses are both probable and estimable. 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. The Company also maintains insurance coverage for product liability exposures. Except for the matters discussed separately below, the Company believes there are no material exposures to loss in excess of amounts accrued. Product Liability Matter – In August 2024, a jury awarded approximately $288 million in damages to the plaintiffs in a product lawsuit against the Company. The Company intends to appeal the matter and has recorded a liability for its estimated loss, which is lower than the amount awarded based on the Company's legal assessment of likely outcomes upon appeal. The Company has also recorded an asset reflecting its estimate of the insurance proceeds related to the estimated loss recognized for this matter. Given the remaining uncertainties associated with the resolution of this matter and the amount of the initial award, it is reasonably possible that the Company could incur a loss in excess of the liability recorded to date. The Company will pursue insurance recoveries for the ultimate loss related to this matter, including any loss amounts incurred in excess of the liability recorded to date. Supply Matters – During the second quarter of 2022, the Company received information from a Tier 2 supplier, Proterial Cable America, Inc. ("PCA" f/k/a Hitachi Cable America, Inc.), concerning a potential regulatory compliance matter relating to PCA's brake hose assemblies. As a result, out of an abundance of caution, the Company suspended all vehicle assembly and shipments for approximately two weeks during the second quarter of 2022. Since then, the Company has been working through the regulatory compliance matter with PCA, the Company’s relevant Tier-1 suppliers, and the National Highway Traffic Safety Administration (NHTSA), the agency responsible for brake hose assembly compliance in the United States. In connection with this matter, in July 2022, PCA notified NHTSA of a population of brake hose assemblies manufactured between May and July of 2022 that were non-compliant with select NHTSA laboratory test standards. Based on that filing, in August 2022, the Company notified NHTSA of the corresponding population of Harley-Davidson motorcycles containing those brake hose assemblies. In October 2022, PCA amended its original notification, expanding its population of non-compliant brake hose assemblies to include units produced by PCA for use in Harley-Davidson motorcycles beginning as early as model year 2008. In December 2022, the Company amended its August notification, expanding the population to also include Harley-Davidson motorcycles that contained PCA's newly identified brake hose assemblies. In March 2023, PCA again amended its NHTSA notification, identifying additional compliance issues with the previously identified brake hose assemblies. The Company followed PCA's March amendment with a derivative amended notification to NHTSA in May 2023. In June 2023, the Company received a letter from PCA advising that PCA was investigating a new, separate potential quality issue with brake hose assemblies produced by PCA after the Company’s 2022 production suspension. Due to this issue, the Company was forced to suspend production of most of the motorcycles manufactured at its York facility and run limited motorcycle manufacturing operations there for approximately two weeks. The Company continued to manufacture, among other motorcycles, the 2023 CVO Road Glide and Street Glide, which do not use PCA's brake hose assemblies. It also continued its normal motorcycle manufacturing operations at its international facilities. In connection with this matter, in late June 2023, PCA filed a new and separate NHTSA notification, identifying certain brake hose assemblies produced between June of 2022 and June of 2023 as noncompliant with select NHTSA laboratory test standards. The Company followed PCA’s June 2023 notification by filing a derivative notification with NHTSA in early July 2023. As permitted by federal law, both PCA and the Company have utilized NHTSA’s standard process to petition the agency to determine that these compliance issues are inconsequential to motor vehicle safety ("Inconsequentiality Determinations"). If NHTSA makes the Inconsequentiality Determinations requested, the Company will be exempt from conducting a field action or recall of its motorcycles related to these matters. In its inconsequentiality petitions, the Company has presented NHTSA with: (1) extensive independent, third-party and internal testing demonstrating that the brake hose assemblies at issue are robust to extreme conditions - which far exceed maximum expected motorcycle lifetime demands - with no impact to brake performance; and (2) real-world field safety data showing no documented crashes or injuries attributable to the identified compliance issues for the relevant affected populations. The Company believes its petitions are closely comparable to inconsequentiality petitions that have resulted in successful inconsequentiality determinations in the past. The Company is also confident that its position that the compliance issues are inconsequential to motor vehicle safety is strong and, therefore, no field action or recall will be necessary. Based on its expectation that NHTSA will make Inconsequentiality Determinations, the Company does not expect that these regulatory noncompliance matters will result in material costs in the future, and no costs have been accrued to date. However, it is possible that a field action or recall could be required that could cause the Company to incur material costs. There are several variables and uncertainties associated with any potential field action or recall that are not yet fully known including, but not limited to, the population of brake hose assemblies and motorcycles, the specific field action or recall required, the complexity and cost of the required repair, the need for and availability of replacement parts, the suppliers of replacement parts and the number of motorcycle owners that would participate. The Company estimates, based on its available information and assumptions, that the cost of a potential field action or recall in the aggregate, if any were to occur, could range from approximately $100 million to $400 million. The Company continues to evaluate and update its estimates as it learns more about these regulatory matters, including the variables and uncertainties discussed above. The Company also continues to maintain its expectation that NHTSA will make the requested Inconsequentiality Determinations and that these regulatory matters will not result in any material field action or recall costs. If a material field action or recall were to result, the Company would seek full recovery of those amounts.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
Accumulated Other Comprehensive Loss	Sep. 30, 2024
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Changes in Accumulated other comprehensive loss were as follows (in thousands): Three months ended September 30, 2024 Foreign currency translation adjustments Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (106,928) $ 323 $ (231,269) $ (337,874) Other comprehensive income, before reclassifications 63,922 33,662 — 97,584 Income tax expense — (8,078) — (8,078) 63,922 25,584 — 89,506 Reclassifications: Net gain on derivative financial instruments — (64,997) — (64,997) Prior service credits (a) — — 337 337 Actuarial gains (a) — — (1,413) (1,413) Reclassifications before tax — (64,997) (1,076) (66,073) Income tax benefit — 15,473 255 15,728 — (49,524) (821) (50,345) Other comprehensive income (loss) 63,922 (23,940) (821) 39,161 Balance, end of period $ (43,006) $ (23,617) $ (232,090) $ (298,713) Three months ended September 30, 2023 Foreign currency translation adjustments Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (89,787) $ (13,196) $ (253,141) $ (356,124) Other comprehensive loss, before reclassifications (12,355) (29,508) — (41,863) Income tax benefit 803 6,927 — 7,730 (11,552) (22,581) — (34,133) Reclassifications: Net loss on derivative financial instruments — 45,059 — 45,059 Prior service credits (a) — — 22 22 Actuarial gains (a) — — (1,278) (1,278) Reclassifications before tax — 45,059 (1,256) 43,803 Income tax (expense) benefit — (10,580) 295 (10,285) — 34,479 (961) 33,518 Other comprehensive (loss) income (11,552) 11,898 (961) (615) Balance, end of period $ (101,339) $ (1,298) $ (254,102) $ (356,739) (a) Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 13. Nine months ended September 30, 2024 Foreign currency translation adjustments Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (68,739) $ (6,601) $ (229,622) $ (304,962) Other comprehensive income, before reclassifications 25,722 6,911 — 32,633 Income tax benefit (expense) 11 (1,659) — (1,648) 25,733 5,252 — 30,985 Reclassifications: Net gain on derivative financial instruments — (29,243) — (29,243) Prior service credits (a) — — 1,011 1,011 Actuarial gains (a) — — (4,239) (4,239) Reclassifications before tax — (29,243) (3,228) (32,471) Income tax benefit — 6,975 760 7,735 — (22,268) (2,468) (24,736) Other comprehensive income (loss) 25,733 (17,016) (2,468) 6,249 Balance, end of period $ (43,006) $ (23,617) $ (232,090) $ (298,713) Nine months ended September 30, 2023 Foreign currency translation adjustments Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (80,271) $ (10,440) $ (251,218) $ (341,929) Other comprehensive loss, before reclassifications (24,675) (5,054) — (29,729) Income tax benefit 3,607 1,272 — 4,879 (21,068) (3,782) — (24,850) Reclassifications: Net loss on derivative financial instruments — 16,891 — 16,891 Prior service credits (a) — — 66 66 Actuarial gains (a) — — (3,834) (3,834) Reclassifications before tax — 16,891 (3,768) 13,123 Income tax (expense) benefit — (3,967) 884 (3,083) — 12,924 (2,884) 10,040 Other comprehensive (loss) income (21,068) 9,142 (2,884) (14,810) Balance, end of period $ (101,339) $ (1,298) $ (254,102) $ (356,739) (a) Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 15

Reportable Segments

Reportable Segments	9 Months Ended
Reportable Segments	Sep. 30, 2024
Segment Reporting [Abstract]
Reportable Segments	Reportable Segments The Company operates in three business segments: HDMC, LiveWire and HDFS. The Company's reportable segments are strategic business units that offer different products and services and are managed separately based on the fundamental differences in their operations. Selected segment information is set forth below (in thousands): Three months ended Nine months ended September 30, September 30, September 30, September 30, HDMC: Revenue $ 876,405 $ 1,296,981 $ 3,701,417 $ 4,052,946 Gross profit 263,813 410,690 1,158,010 1,385,190 Selling, administrative and engineering expense 208,676 235,437 666,522 679,864 Operating income 55,137 175,253 491,488 705,326 LiveWire: Revenue 4,808 8,144 15,958 22,932 Gross (loss) profit (1,180) 1,092 (6,907) (584) Selling, administrative and engineering expense 24,905 26,435 76,587 81,290 Operating loss (26,085) (25,343) (83,494) (81,874) HDFS: Financial services revenue 269,482 243,934 781,818 707,390 Financial services expense 192,738 184,559 579,836 530,610 Operating income 76,744 59,375 201,982 176,780 Operating income $ 105,796 $ 209,285 $ 609,976 $ 800,232 Total assets for the HDMC, LiveWire and HDFS segments were $3.7 billion, $0.2 billion and $9.2 billion, respectively, as of September 30, 2024, $3.6 billion, $0.3 billion and $8.2 billion, respectively, as of December 31, 2023, and $3.5 billion, $0.3 billion and $8.6 billion, respectively, as of September 30, 2023.

Supplemental Consolidating Data

Supplemental Consolidating Data	9 Months Ended
Supplemental Consolidating Data	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Consolidating Data	Supplemental Consolidating Data The supplemental consolidating data includes separate legal entity data for the Company's financial services entities, including Harley-Davidson Financial Services, Inc. and its subsidiaries (Financial Services Entities), and all other Harley-Davidson, Inc. entities (Non-Financial Services Entities). This information is presented to highlight the separate financial statement impacts of the Company's Financial Services Entities and its Non-Financial Services Entities. The income statement information presented below differs from reportable segment income statement information due to the allocation of legal entity consolidating adjustments to income for reportable segments. Supplemental consolidating data is as follows (in thousands): Three months ended September 30, 2024 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Revenue: Motorcycles and related products $ 883,958 $ — $ (2,745) $ 881,213 Financial services — 269,880 (398) 269,482 883,958 269,880 (3,143) 1,150,695 Costs and expenses: Motorcycles and related products cost of goods sold 618,580 — — 618,580 Financial services interest expense — 94,463 — 94,463 Financial services provision for credit losses — 57,977 — 57,977 Selling, administrative and engineering expense 234,002 43,042 (3,165) 273,879 852,582 195,482 (3,165) 1,044,899 Operating income 31,376 74,398 22 105,796 Other income, net 18,408 — — 18,408 Investment income 16,450 — — 16,450 Interest expense 7,707 — — 7,707 Income before income taxes 58,527 74,398 22 132,947 Income tax provision (914) 17,894 — 16,980 Net income 59,441 56,504 22 115,967 Less: (income) loss attributable to noncontrolling interests 3,073 $ — $ — $ 3,073 Net income attributable to Harley-Davidson, Inc. $ 62,514 $ 56,504 $ 22 $ 119,040 Nine months ended September 30, 2024 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Revenue: Motorcycles and related products $ 3,724,668 $ — $ (7,293) $ 3,717,375 Financial services — 783,339 (1,521) 781,818 3,724,668 783,339 (8,814) 4,499,193 Costs and expenses: Motorcycles and related products cost of goods sold 2,566,272 — — 2,566,272 Financial services interest expense — 276,943 — 276,943 Financial services provision for credit losses — 175,017 — 175,017 Selling, administrative and engineering expense 744,663 135,169 (8,847) 870,985 3,310,935 587,129 (8,847) 3,889,217 Operating income 413,733 196,210 33 609,976 Other income, net 54,851 — — 54,851 Investment income 45,665 — — 45,665 Interest expense 23,066 — — 23,066 Income before income taxes 491,183 196,210 33 687,426 Provision for income taxes 76,648 47,173 — 123,821 Net income 414,535 149,037 33 563,605 Less: (income) loss attributable to noncontrolling interests 8,644 — — 8,644 Net income attributable to Harley-Davidson, Inc. $ 423,179 $ 149,037 $ 33 $ 572,249 Three months ended September 30, 2023 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Revenue: Motorcycles and Related Products $ 1,307,289 $ — $ (2,164) $ 1,305,125 Financial Services — 244,554 (620) 243,934 1,307,289 244,554 (2,784) 1,549,059 Costs and expenses: Motorcycles and Related Products cost of goods sold 893,343 — — 893,343 Financial Services interest expense — 84,123 — 84,123 Financial Services provision for credit losses — 60,854 — 60,854 Selling, administrative and engineering expense 262,444 41,745 (2,735) 301,454 1,155,787 186,722 (2,735) 1,339,774 Operating income 151,502 57,832 (49) 209,285 Other income, net 26,814 — — 26,814 Investment income 209,868 — (200,000) 9,868 Interest expense 7,688 — — 7,688 Income before income taxes 380,496 57,832 (200,049) 238,279 Provision for income taxes 27,867 14,309 — 42,176 Net income 352,629 43,523 (200,049) 196,103 Less: (income) loss attributable to noncontrolling interests 2,546 — — 2,546 Net income attributable to Harley-Davidson, Inc. $ 355,175 $ 43,523 $ (200,049) $ 198,649 Nine months ended September 30, 2023 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Revenue: Motorcycles and related products $ 4,082,312 $ — $ (6,434) $ 4,075,878 Financial services — 709,167 (1,777) 707,390 4,082,312 709,167 (8,211) 4,783,268 Costs and expenses: Motorcycles and related products cost of goods sold 2,691,272 — — 2,691,272 Financial services interest expense — 243,677 — 243,677 Financial services provision for credit losses — 170,496 — 170,496 Selling, administrative and engineering expense 762,963 122,871 (8,243) 877,591 3,454,235 537,044 (8,243) 3,983,036 Operating income 628,077 172,123 32 800,232 Other income, net 54,136 — — 54,136 Investment income 231,044 — (200,000) 31,044 Interest expense 23,104 — — 23,104 Income before income taxes 890,153 172,123 (199,968) 862,308 Provision for income taxes 150,265 40,281 — 190,546 Net income 739,888 131,842 (199,968) 671,762 Less: (income) loss attributable to noncontrolling interests 9,016 — — 9,016 Net income attributable to Harley-Davidson, Inc. $ 748,904 $ 131,842 $ (199,968) $ 680,778 September 30, 2024 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ 1,213,301 $ 1,030,609 $ — $ 2,243,910 Accounts receivable, net 498,694 60 (191,053) 307,701 Finance receivables, net — 2,300,551 — 2,300,551 Inventories, net 681,864 — — 681,864 Restricted cash — 147,910 — 147,910 Other current assets 167,555 58,209 (17,764) 208,000 2,561,414 3,537,339 (208,817) 5,889,936 Finance receivables, net — 5,499,836 — 5,499,836 Property, plant and equipment, net 713,603 14,864 — 728,467 Pension and postretirement assets 452,515 — — 452,515 Goodwill 62,909 — — 62,909 Deferred income taxes 77,990 92,208 (908) 169,290 Lease assets 66,304 3,533 — 69,837 Other long-term assets 223,749 46,247 (116,127) 153,869 $ 4,158,484 $ 9,194,027 $ (325,852) $ 13,026,659 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 283,296 $ 213,376 $ (191,053) $ 305,619 Accrued liabilities 491,697 151,907 (17,252) 626,352 Short-term deposits, net — 178,638 — 178,638 Short-term debt — 497,373 — 497,373 Current portion of long-term debt, net 449,759 2,111,776 — 2,561,535 1,224,752 3,153,070 (208,305) 4,169,517 Long-term deposits, net — 370,372 — 370,372 Long-term debt, net 296,859 4,442,648 — 4,739,507 Lease liabilities 48,821 3,134 — 51,955 Pension and postretirement liabilities 58,551 — — 58,551 Deferred income taxes 30,266 3,227 — 33,493 Other long-term liabilities 147,563 28,697 1,892 178,152 Commitments and contingencies (Note 14) Shareholders’ equity 2,351,672 1,192,879 (119,439) 3,425,112 $ 4,158,484 $ 9,194,027 $ (325,852) $ 13,026,659 September 30, 2023 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ 1,218,420 $ 659,931 $ — $ 1,878,351 Accounts receivable, net 672,755 8 (357,432) 315,331 Finance receivables, net — 2,101,965 — 2,101,965 Inventories, net 768,765 — — 768,765 Restricted cash — 130,838 — 130,838 Other current assets 172,174 59,920 (4,538) 227,556 2,832,114 2,952,662 (361,970) 5,422,806 Finance receivables, net — 5,553,259 — 5,553,259 Property, plant and equipment, net 682,350 20,954 — 703,304 Pension and postretirement assets 369,440 — — 369,440 Goodwill 61,935 — — 61,935 Deferred income taxes 54,972 90,976 (1,184) 144,764 Lease assets 65,327 3,707 — 69,034 Other long-term assets 223,757 26,765 (112,848) 137,674 $ 4,289,895 $ 8,648,323 $ (476,002) $ 12,462,216 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 362,662 $ 376,897 $ (357,432) $ 382,127 Accrued liabilities 461,725 128,585 (4,176) 586,134 Short-term deposits, net 250,987 250,987 Short-term debt — 815,081 — 815,081 Current portion of long-term debt, net — 638,496 — 638,496 824,387 2,210,046 (361,608) 2,672,825 Long-term deposits, net — 227,946 — 227,946 Long-term debt, net 745,900 5,110,105 — 5,856,005 Lease liabilities 48,572 3,666 — 52,238 Pension and postretirement liabilities 67,991 — — 67,991 Deferred income taxes 27,116 2,412 — 29,528 Other long-term liabilities 144,405 98,041 1,967 244,413 Commitments and contingencies (Note 14) Shareholders’ equity 2,431,524 996,107 (116,361) 3,311,270 $ 4,289,895 $ 8,648,323 $ (476,002) $ 12,462,216 Nine months ended September 30, 2024 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Cash flows from operating activities: Net income $ 414,535 $ 149,037 $ 33 $ 563,605 Adjustments to reconcile Net income to Net cash provided by operating activities: Depreciation and amortization 112,605 6,963 — 119,568 Amortization of deferred loan origination costs — 54,461 — 54,461 Amortization of financing origination fees 540 9,823 — 10,363 Provision for long-term employee benefits (40,076) — — (40,076) Employee benefit plan contributions and payments (3,781) — — (3,781) Stock compensation expense 38,234 1,586 — 39,820 Net change in wholesale finance receivables related to sales — — (211,800) (211,800) Provision for credit losses — 175,017 — 175,017 Deferred income taxes 3,347 (4,724) (438) (1,815) Other, net 15,505 4,085 (33) 19,557 Changes in current assets and liabilities: Accounts receivable, net (79,746) — 43,217 (36,529) Finance receivables – accrued interest and other — 2,325 — 2,325 Inventories, net 253,373 — — 253,373 Accounts payable and accrued liabilities (35,743) 53,591 (30,751) (12,903) Other current assets (23,008) 12,295 10,183 (530) 241,250 315,422 (189,622) 367,050 Net cash provided by operating activities 655,785 464,459 (189,589) 930,655 Cash flows from investing activities: Capital expenditures (139,295) (1,129) — (140,424) Origination of finance receivables — (5,671,416) 2,668,679 (3,002,737) Collections on finance receivables — 5,136,239 (2,479,090) 2,657,149 Other investing activities (1,165) — 1,000 (165) Net cash used by investing activities (140,460) (536,306) 190,589 (486,177) Nine months ended September 30, 2024 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Cash flows from financing activities: Proceeds from issuance of medium-term notes — 495,856 — 495,856 Proceeds from securitization debt — 1,145,211 — 1,145,211 Repayments of securitization debt — (782,161) — (782,161) Borrowings of asset-backed commercial paper — 366,171 — 366,171 Repayments of asset-backed commercial paper — (195,709) — (195,709) Net decrease in unsecured commercial paper — (387,392) — (387,392) Net increase in deposits — 100,737 — 100,737 Dividends paid (69,454) — — (69,454) Repurchase of common stock (359,810) — — (359,810) Other financing activities 11 1,000 (1,000) 11 Net cash (used) provided by financing activities (429,253) 743,713 (1,000) 313,460 Effect of exchange rate changes on cash, cash equivalents and restricted cash (171) 369 — 198 Net increase in cash, cash equivalents and restricted cash $ 85,901 $ 672,235 $ — $ 758,136 Cash, cash equivalents and restricted cash: Cash, cash equivalents and restricted cash, beginning of period $ 1,127,400 $ 521,411 $ — $ 1,648,811 Net increase in cash, cash equivalents and restricted cash 85,901 672,235 — 758,136 Cash, cash equivalents and restricted cash, end of period $ 1,213,301 $ 1,193,646 $ — $ 2,406,947 Nine months ended September 30, 2023 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Cash flows from operating activities: Net income $ 739,888 $ 131,842 $ (199,968) $ 671,762 Adjustments to reconcile Net income to Net cash provided by operating activities: Depreciation and amortization 105,824 6,768 — 112,592 Amortization of deferred loan origination costs — 65,996 — 65,996 Amortization of financing origination fees 532 9,202 — 9,734 Provision for long-term employee benefits (50,373) — — (50,373) Employee benefit plan contributions and payments (2,668) — — (2,668) Stock compensation expense 61,642 2,896 — 64,538 Net change in wholesale finance receivables related to sales — — (392,817) (392,817) Provision for credit losses — 170,496 — 170,496 Deferred income taxes 147 (8,764) 162 (8,455) Other, net (15,606) (4,099) (33) (19,738) Changes in current assets and liabilities: Accounts receivable, net (312,549) — 240,465 (72,084) Finance receivables – accrued interest and other — 2,366 — 2,366 Inventories, net 160,742 — — 160,742 Accounts payable and accrued liabilities (10,440) 257,748 (232,855) 14,453 Other current assets (24,418) 4,645 (4) (19,777) (87,167) 507,254 (385,082) 35,005 Net cash provided by operating activities 652,721 639,096 (585,050) 706,767 Cash flows from investing activities: Capital expenditures (135,768) (3,134) — (138,902) Origination of finance receivables — (6,035,046) 2,872,089 (3,162,957) Collections on finance receivables — 5,276,887 (2,487,039) 2,789,848 Other investing activities (1,622) — 2,500 878 Net cash used by investing activities (137,390) (761,293) 387,550 (511,133) Nine months ended September 30, 2023 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Cash flows from financing activities: Proceeds from issuance of medium-term notes — 1,446,304 — 1,446,304 Repayments of medium-term notes — (1,056,680) — (1,056,680) Proceeds from securitization debt — 1,045,547 — 1,045,547 Repayments of securitization debt — (930,608) — (930,608) Borrowings of asset-backed commercial paper — 42,429 — 42,429 Repayments of asset-backed commercial paper — (187,599) — (187,599) Net decrease in unsecured commercial paper — 43,523 — 43,523 Net increase in deposits — 161,157 — 161,157 Dividends paid (72,775) (200,000) 200,000 (72,775) Repurchase of common stock (239,428) — — (239,428) Other financing activities 1,706 2,500 (2,500) 1,706 Net cash (used) provided by financing activities (310,497) 366,573 197,500 253,576 Effect of exchange rate changes on cash, cash equivalents and restricted cash (8,212) (203) — (8,415) Net increase in cash, cash equivalents and restricted cash $ 196,622 $ 244,173 $ — $ 440,795 Cash, cash equivalents and restricted cash: Cash, cash equivalents and restricted cash, beginning of period $ 1,021,798 $ 557,379 $ — $ 1,579,177 Net increase in cash, cash equivalents and restricted cash 196,622 244,173 — 440,795 Cash, cash equivalents and restricted cash, end of period $ 1,218,420 $ 801,552 $ — $ 2,019,972

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 119,040	$ 198,649	$ 572,249	$ 680,778

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Basis of Presentation and Use_2

Basis of Presentation and Use of Estimates (Policies)	9 Months Ended
Basis of Presentation and Use of Estimates (Policies)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates	Use of Estimates – The preparation of financial statements in conformity with U.S. GAAP requires the Company's management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and the accompanying notes. Actual results could differ from those estimates.
Fair Value Measurements	Fair Value Measurements – 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. Foreign currency contracts, commodity contracts, and cross-currency swaps are valued using quoted forward rates and prices; interest rate caps are valued using quoted interest rates and yield curves; LiveWire warrants, including public (Level 1) and private placement (Level 2) warrants, are valued using the closing market price of the public warrants as the private placement warrants have terms and provisions that are identical to those of the public warrants.
Accounting Standards Not Yet Adopted	Accounting Standards Not Yet Adopted In November 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (ASU 2023-07). ASU 2023-07 is intended to improve reportable segment disclosures, primarily through enhanced disclosures about significant segment expenses. The main provisions of ASU 2023-07 require a public entity to disclose on an annual and interim basis: (i) significant segment expenses provided to the chief operating decision maker, (ii) an amount representing the difference between segment revenue less segment expenses disclosed under the significant segment expense principle and each reported measure of segment profit or loss and a description of its composition, (iii) all annual disclosures about a reportable segment's profit or loss and assets currently required under Topic 280 in interim periods, (iv) clarification that if the chief operating decision maker uses more than one measure of a segment's profit or loss in assessing segment performance and deciding how to allocate resources, a public entity may report one or more of those additional measures of segment profit, (v) the title and position of the chief operating decision maker and an explanation of how the chief operating decision maker uses the reported measure of segment profit or loss in assessing segment performance and deciding how to allocate resources, and (vi) all disclosures required by ASU 2023-07 and all existing segment disclosures under Topic 280 for an entity with a single reportable segment. The new guidance is effective for the fiscal years beginning after December 15, 2023 and for interim periods within fiscal years beginning after December 15, 2024. The Company is still evaluating the impact ASU 2023-07 will have on the Company's consolidated financial statement disclosures.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
Revenue (Tables)	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Disaggregated revenue by major source was as follows (in thousands): Three months ended Nine months ended September 30, September 30, September 30, September 30, HDMC: Motorcycles $ 615,628 $ 1,023,090 $ 2,905,861 $ 3,216,387 Parts and accessories 174,301 184,809 534,359 568,001 Apparel 55,688 49,325 183,192 187,072 Licensing 3,897 9,586 18,312 20,912 Other 26,891 30,171 59,693 60,574 876,405 1,296,981 3,701,417 4,052,946 LiveWire 4,808 8,144 15,958 22,932 Motorcycles and related products revenue 881,213 1,305,125 3,717,375 4,075,878 HDFS: Interest income 232,990 207,673 666,903 586,752 Other 36,492 36,261 114,915 120,638 Financial services revenue 269,482 243,934 781,818 707,390 $ 1,150,695 $ 1,549,059 $ 4,499,193 $ 4,783,268
Schedule of Accrued liabilities and Other Long-Term Liabilities	Contract liabilities, included in Accrued liabilities and Other long-term liabilities on the Consolidated balance sheets , was as follows (in thousands): September 30, September 30, Balance, beginning of period $ 47,091 $ 44,100 Balance, end of period $ 54,792 $ 41,134

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
Earnings Per Share (Tables)	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Reconciliation of Earnings Per Share Basic and Diluted	The computation of basic and diluted earnings per share was as follows (in thousands, except per share amounts): Three months ended Nine months ended September 30, September 30, September 30, September 30, Net income attributable to Harley-Davidson, Inc. $ 119,040 $ 198,649 $ 572,249 $ 680,778 Basic weighted-average shares outstanding 130,078 141,622 133,187 143,678 Effect of dilutive securities – employee stock compensation plan 884 2,699 798 2,652 Diluted weighted-average shares outstanding 130,962 144,321 133,985 146,330 Net earnings per share: Basic $ 0.92 $ 1.40 $ 4.30 $ 4.74 Diluted $ 0.91 $ 1.38 $ 4.27 $ 4.65

Additional Balance Sheet and _2

Additional Balance Sheet and Cash Flow Information (Tables)	9 Months Ended
Additional Balance Sheet and Cash Flow Information (Tables)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Marketable Securities	Investments in Marketable Securities – The Company’s investments in marketable securities consisted of the following (in thousands): September 30, December 31, September 30, Mutual funds $ 33,816 $ 34,079 $ 32,664
Schedule of Inventories, Net	Inventories, net consisted of the following (in thousands): September 30, December 31, September 30, Raw materials and work in process $ 299,296 $ 389,221 $ 333,107 Motorcycle finished goods 399,699 514,964 405,714 Parts and accessories and apparel 119,260 150,844 154,640 Inventory at lower of FIFO cost or net realizable value 818,255 1,055,029 893,461 Excess of FIFO over LIFO cost (136,391) (125,078) (124,696) $ 681,864 $ 929,951 $ 768,765
Schedule of Certificates of Deposit Maturity	Future maturities of the Company's certificates of deposit as of September 30, 2024 were as follows (in thousands): 2024 $ 33,551 2025 145,737 2026 236,489 2027 119,281 Thereafter 15,200 Future maturities 550,258 Unamortized fees (1,248) $ 549,010
Schedule of Reconciliation of Net Cash Provided by Operating Activities	Operating Cash Flow – The reconciliation of Net income to Net cash provided by operating activities was as follows (in thousands): Nine months ended September 30, September 30, Cash flows from operating activities: Net income $ 563,605 $ 671,762 Adjustments to reconcile Net income to Net cash provided by operating activities: Depreciation and amortization 119,568 112,592 Amortization of deferred loan origination costs 54,461 65,996 Amortization of financing origination fees 10,363 9,734 Income related to long-term employee benefits (40,076) (50,373) Employee benefit plan contributions and payments (3,781) (2,668) Stock compensation expense 39,820 64,538 Net change in wholesale finance receivables related to sales (211,800) (392,817) Provision for credit losses 175,017 170,496 Deferred income taxes (1,815) (8,455) Other, net 19,557 (19,738) Changes in current assets and liabilities: Accounts receivable, net (36,529) (72,084) Finance receivables – accrued interest and other 2,325 2,366 Inventories, net 253,373 160,742 Accounts payable and accrued liabilities (12,903) 14,453 Other current assets (530) (19,777) 367,050 35,005 Net cash provided by operating activities $ 930,655 $ 706,767

Finance Receivables (Tables)

Finance Receivables (Tables)	9 Months Ended
Finance Receivables (Tables)	Sep. 30, 2024
Receivables [Abstract]
Schedule of Finance Receivables	Finance receivables, net were as follows (in thousands): September 30, December 31, September 30, Retail finance receivables $ 6,961,975 $ 6,818,699 $ 6,998,397 Wholesale finance receivables 1,238,324 1,061,532 1,049,541 8,200,299 7,880,231 8,047,938 Allowance for credit losses (399,912) (381,966) (392,714) $ 7,800,387 $ 7,498,265 $ 7,655,224
Schedule of Changes in the Allowance for Finance Credit Losses on Finance Receivables	Changes in the Company's allowance for credit losses on its finance receivables by portfolio were as follows (in thousands): Three months ended September 30, 2024 Nine months ended September 30, 2024 Retail Wholesale Total Retail Wholesale Total Balance, beginning of period $ 377,826 $ 15,691 $ 393,517 $ 367,037 $ 14,929 $ 381,966 Provision for credit losses 55,831 2,146 57,977 172,109 2,908 175,017 Charge-offs (65,029) — (65,029) (207,109) — (207,109) Recoveries 13,447 — 13,447 50,038 — 50,038 Balance, end of period $ 382,075 $ 17,837 $ 399,912 $ 382,075 $ 17,837 $ 399,912 Three months ended September 30, 2023 Nine months ended September 30, 2023 Retail Wholesale Total Retail Wholesale Total Balance, beginning of period $ 366,919 $ 14,861 $ 381,780 $ 345,275 $ 13,436 $ 358,711 Provision for credit losses 60,832 22 60,854 169,049 1,447 170,496 Charge-offs (63,738) — (63,738) (182,183) — (182,183) Recoveries 13,818 — 13,818 45,690 — 45,690 Balance, end of period $ 377,831 $ 14,883 $ 392,714 $ 377,831 $ 14,883 $ 392,714
Schedule of Financing Receivable Credit Quality Indicators	The amortized cost along with period gross charge-offs of the Company's U.S. and Canadian retail finance receivables by vintage and credit quality indicator was as follows (in thousands): September 30, 2024 2024 2023 2022 2021 2020 2019 & Prior Total U.S. Retail: Super prime $ 931,374 $ 769,173 $ 507,694 $ 241,713 $ 84,111 $ 39,590 $ 2,573,655 Prime 927,821 901,954 730,870 410,721 166,169 106,766 3,244,301 Sub-prime 281,501 249,447 200,838 134,880 67,592 59,151 993,409 2,140,696 1,920,574 1,439,402 787,314 317,872 205,507 6,811,365 Canadian Retail: Super prime 35,280 34,382 21,186 10,573 4,410 1,702 107,533 Prime 9,200 10,340 8,054 4,812 2,782 2,124 37,312 Sub-prime 1,731 1,457 1,132 490 564 391 5,765 46,211 46,179 30,372 15,875 7,756 4,217 150,610 $ 2,186,907 $ 1,966,753 $ 1,469,774 $ 803,189 $ 325,628 $ 209,724 $ 6,961,975 Gross charge-offs for the nine months ended September 30, 2024: U.S. Retail $ 4,680 $ 65,972 $ 67,945 $ 36,365 $ 15,270 $ 13,485 $ 203,717 Canadian Retail 87 1,033 976 616 329 351 3,392 $ 4,767 $ 67,005 $ 68,921 $ 36,981 $ 15,599 $ 13,836 $ 207,109 December 31, 2023 2023 2022 2021 2020 2019 2018 & Prior Total U.S. Retail: Super prime $ 1,066,321 $ 729,339 $ 376,474 $ 151,004 $ 70,627 $ 27,013 $ 2,420,778 Prime 1,173,463 993,417 584,305 259,995 139,011 78,880 3,229,071 Sub-prime 333,099 275,964 189,688 101,437 63,393 44,568 1,008,149 2,572,883 1,998,720 1,150,467 512,436 273,031 150,461 6,657,998 Canadian Retail: Super prime 48,705 31,733 17,744 9,241 4,521 1,524 113,468 Prime 13,764 11,434 7,336 4,390 2,728 1,838 41,490 Sub-prime 1,846 1,546 739 817 525 270 5,743 64,315 44,713 25,819 14,448 7,774 3,632 160,701 $ 2,637,198 $ 2,043,433 $ 1,176,286 $ 526,884 $ 280,805 $ 154,093 $ 6,818,699 Gross charge-offs for the year ended December 31, 2023: U.S. Retail $ 20,047 $ 102,387 $ 74,212 $ 30,896 $ 18,088 $ 14,655 $ 260,285 Canadian Retail 527 1,004 866 472 278 483 3,630 $ 20,574 $ 103,391 $ 75,078 $ 31,368 $ 18,366 $ 15,138 $ 263,915 September 30, 2023 2023 2022 2021 2020 2019 2018 & Prior Total U.S. Retail: Super prime $ 916,306 $ 806,658 $ 424,425 $ 175,218 $ 87,737 $ 37,875 $ 2,448,219 Prime 1,033,222 1,086,081 645,931 293,977 163,603 102,427 3,325,241 Sub-prime 296,583 307,280 211,626 114,298 72,587 55,700 1,058,074 2,246,111 2,200,019 1,281,982 583,493 323,927 196,002 6,831,534 Canadian Retail: Super prime 43,643 34,700 19,796 10,707 5,929 2,245 117,020 Prime 13,007 12,307 7,968 4,890 3,135 2,362 43,669 Sub-prime 1,839 1,671 852 871 575 366 6,174 58,489 48,678 28,616 16,468 9,639 4,973 166,863 $ 2,304,600 $ 2,248,697 $ 1,310,598 $ 599,961 $ 333,566 $ 200,975 $ 6,998,397 Gross charge-offs for the nine months ended September 30, 2023: U.S. Retail $ 5,141 $ 71,540 $ 54,843 $ 23,023 $ 13,622 $ 11,663 $ 179,832 Canadian Retail 75 703 634 337 220 382 2,351 $ 5,216 $ 72,243 $ 55,477 $ 23,360 $ 13,842 $ 12,045 $ 182,183 The amortized cost of the Company's wholesale finance receivables, by vintage and credit quality indicator, was as follows (in thousands): September 30, 2024 2024 2023 2022 2021 2020 2019 & Prior Total Non-Performing $ 1,986 $ 2,134 $ 122 $ — $ — $ 2 $ 4,244 Doubtful 9,939 4,043 129 — — 5 14,116 Substandard 14,669 3,391 34 — — — 18,094 Special Mention 4,527 1,240 58 — — — 5,825 Medium Risk 615 146 — — — — 761 Low Risk 1,008,975 134,065 38,019 2,567 3,500 8,158 1,195,284 $ 1,040,711 $ 145,019 $ 38,362 $ 2,567 $ 3,500 $ 8,165 $ 1,238,324 December 31, 2023 2023 2022 2021 2020 2019 2018 & Prior Total Non-Performing $ — $ — $ — $ — $ — $ — $ — Doubtful — — — — — — — Substandard 10,934 258 — — 5 — 11,197 Special Mention 641 30 — — — — 671 Medium Risk 2,905 — — — — — 2,905 Low Risk 961,519 66,757 5,107 4,962 7,786 628 1,046,759 $ 975,999 $ 67,045 $ 5,107 $ 4,962 $ 7,791 $ 628 $ 1,061,532 September 30, 2023 2023 2022 2021 2020 2019 2018 & Prior Total Non-Performing $ — $ — $ — $ — $ — $ — $ — Doubtful — — — — — — — Substandard — — — — — — — Special Mention 603 30 — — — — 633 Medium Risk 2,754 16 — 25 — — 2,795 Low Risk 934,104 95,436 5,928 5,354 4,601 690 1,046,113 $ 937,461 $ 95,482 $ 5,928 $ 5,379 $ 4,601 $ 690 $ 1,049,541
Schedule of Impaired Financing Receivables	Additional information related to the wholesale finance receivables on non-accrual status was as follows (in thousands): Amortized Cost Amortized Cost Interest Income January 1, 2024 September 30, 2024 Recognized Wholesale: No related allowance recorded $ — $ 2,423 $ 123 Related allowance recorded — 1,821 123 $ — $ 4,244 $ 246
Schedule of Past Due Financing Receivables	The aging analysis of the Company's finance receivables was as follows (in thousands): September 30, 2024 Current 31-60 Days 61-90 Days Greater than Total Total Retail finance receivables $ 6,679,994 $ 163,963 $ 61,542 $ 56,476 $ 281,981 $ 6,961,975 Wholesale finance receivables 1,236,124 832 777 591 2,200 1,238,324 $ 7,916,118 $ 164,795 $ 62,319 $ 57,067 $ 284,181 $ 8,200,299 December 31, 2023 Current 31-60 Days 61-90 Days Greater than Total Total Retail finance receivables $ 6,516,342 $ 168,027 $ 67,033 $ 67,297 $ 302,357 $ 6,818,699 Wholesale finance receivables 1,060,561 763 25 183 971 1,061,532 $ 7,576,903 $ 168,790 $ 67,058 $ 67,480 $ 303,328 $ 7,880,231 September 30, 2023 Current 31-60 Days 61-90 Days Greater than Total Total Retail finance receivables $ 6,738,510 $ 151,192 $ 55,454 $ 53,241 $ 259,887 $ 6,998,397 Wholesale finance receivables 1,049,338 19 22 162 203 1,049,541 $ 7,787,848 $ 151,211 $ 55,476 $ 53,403 $ 260,090 $ 8,047,938

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instrument Fair Value	The notional and fair values of the Company's derivative financial instruments under ASC Topic 815 were as follows (in thousands): Derivative Financial Instruments September 30, 2024 December 31, 2023 September 30, 2023 Notional Assets (b) Liabilities (a) Notional Assets (b) Liabilities (a) Notional Assets (b) Liabilities (a) Foreign currency contracts $ 416,405 $ 106 $ 9,168 $ 540,088 $ 3,529 $ 9,194 $ 481,204 $ 15,486 $ 1,325 Commodity contracts 789 25 — 642 — 134 601 — 63 Cross-currency swaps 1,420,560 19,663 4,702 1,420,560 15,080 3,160 1,420,560 — 58,655 $ 1,837,754 $ 19,794 $ 13,870 $ 1,961,290 $ 18,609 $ 12,488 $ 1,902,365 $ 15,486 $ 60,043 Derivative Financial Instruments September 30, 2024 December 31, 2023 September 30, 2023 Notional Assets (c) Liabilities Notional Assets (c) Liabilities Notional Assets (c) Liabilities Commodity contracts $ 3,538 $ — $ 365 $ 5,637 $ — $ 318 $ 5,773 $ 168 $ 245 Interest rate caps 349,697 10 — 617,859 464 — 718,960 1,966 — $ 353,235 $ 10 $ 365 $ 623,496 $ 464 $ 318 $ 724,733 $ 2,134 $ 245 (a) Includes $58.7 million of cross-currency swaps recorded in Other long-term liabilities as of September 30, 2023, with all remaining amounts recorded in Accrued liabilities . (b) Includes $19.7 million and $15.1 million of cross-currency swaps recorded in Other long-term assets as of September 30, 2024 and December 31, 2023, respectively, with all remaining amounts recorded in Other current assets . (c) Includes $0.5 million and $2.0 million of interest rate caps recorded in Other long-term assets as of December 31, 2023 and September 30, 2023, respectively, with all remaining amounts recorded in
Schedule of Gain/(Loss) on Derivative Cash Flow Hedges Reclassified From AOCI Into Income	The amounts of gains and losses related to the Company's derivative financial instruments designated as cash flow hedges were as follows (in thousands): Gain/(Loss) Gain/(Loss) Three months ended Nine months ended Three months ended Nine months ended September 30, September 30, September 30, September 30, September 30, September 30, September 30, September 30, Foreign currency contracts $ (14,470) $ 14,632 $ 8,311 $ 18,597 $ 6,749 $ (3,588) $ 13,718 $ 635 Commodity contracts (35) (51) (148) (467) (62) (115) (306) (814) Cross-currency swaps 48,167 (44,089) 3,041 (22,543) 58,669 (41,210) 16,523 (16,365) Treasury rate lock contracts — — (4,293) 1,139 (210) (241) (247) (510) Swap rate lock contracts — — — (1,780) (149) 95 (445) 163 $ 33,662 $ (29,508) $ 6,911 $ (5,054) $ 64,997 $ (45,059) $ 29,243 $ (16,891) The location and amount of gains and losses recognized in income related to the Company's derivative financial instruments designated as cash flow hedges were as follows (in thousands): Motorcycles and related products Selling, administrative & Interest expense Financial services interest expense Three months ended September 30, 2024 Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded $ 618,580 $ 273,879 $ 7,707 $ 94,463 Gain/(loss) reclassified from AOCL into income: Foreign currency contracts 6,749 — — — Commodity contracts (62) — — — Cross-currency swaps — 58,669 — — Treasury rate lock contracts — — (90) (120) Swap rate lock contracts — — — (149) Three months ended September 30, 2023 Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded $ 893,343 $ 301,454 $ 7,688 $ 84,123 Gain/(loss) reclassified from AOCL into income: Foreign currency contracts (3,588) — — — Commodity contracts (115) — — — Cross-currency swaps — (41,210) — — Treasury rate lock contracts — — (91) (150) Swap rate lock contracts — — — 95 Motorcycles and related products Selling, administrative & Interest expense Financial services interest expense Nine months ended September 30, 2024 Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded $ 2,566,272 $ 870,985 $ 23,066 $ 276,943 Gain/(loss) reclassified from AOCL into income: Foreign currency contracts 13,718 — — — Commodity contracts (306) — — — Cross-currency swaps — 16,523 — — Treasury rate lock contracts — — (272) 25 Swap rate lock contracts — — — (445) Nine months ended September 30, 2023 Line item on the Consolidated statements of operations in which the effects of cash flow hedges are recorded $ 2,691,272 $ 877,591 $ 23,104 $ 243,677 Gain/(loss) reclassified from AOCL into income: Foreign currency contracts 635 — — — Commodity contracts (814) — — — Cross-currency swaps — (16,365) — — Treasury rate lock contracts — — (272) (238) Swap rate lock contracts — — — 163
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The amount of gains and losses recognized in income related to derivative financial instruments not designated as hedging instruments were as follows (in thousands). Gains and losses on foreign currency contracts and commodity contracts were recorded in Motorcycles and related products cost of goods sold . Gains and losses on interest rate caps were recorded in Selling, administrative & engineering expense. Amount of Gain/(Loss) Three months ended Nine months ended September 30, September 30, September 30, September 30, Foreign currency contracts $ (2,943) $ 2,064 $ (250) $ 1,127 Commodity contracts (344) 297 (537) (1,080) Interest rate caps (249) (700) (454) (407) $ (3,536) $ 1,661 $ (1,241) $ (360)

Debt (Tables)

Debt (Tables)	9 Months Ended
Debt (Tables)	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Short-term Debt	Debt with a contractual term less than 12 months is generally classified as short-term and consisted of the following (in thousands): September 30, December 31, September 30, Unsecured commercial paper $ 497,373 $ 878,935 $ 815,081
Schedule of Long-term Debt Instruments	Debt with a contractual term greater than 12 months is generally classified as long-term and consisted of the following (in thousands): September 30, December 31, September 30, Secured debt: Asset-backed Canadian commercial paper conduit facility $ 94,142 $ 70,742 $ 79,755 Asset-backed U.S. commercial paper conduit facility 378,968 233,258 272,766 Asset-backed securitization debt 2,252,468 1,884,629 2,147,548 Unamortized discounts and debt issuance costs (7,726) (7,261) (8,864) 2,717,852 2,181,368 2,491,205 Unsecured notes (at par value): Medium-term notes: Due in 2024, issued November 2019 (a) 3.14 % 669,864 662,238 634,464 Due in 2025, issued June 2020 3.35 % 700,000 700,000 700,000 Due in 2026, issued April 2023 (b) 6.36 % 781,508 772,610 740,207 Due in 2027, issued February 2022 3.05 % 500,000 500,000 500,000 Due in 2028, issued March 2023 6.50 % 700,000 700,000 700,000 Due in 2029, issued June 2024 5.95 % 500,000 — — Unamortized discounts and debt issuance costs (14,800) (15,710) (17,275) 3,836,572 3,319,138 3,257,396 Senior notes: Due in 2025, issued July 2015 3.50 % 450,000 450,000 450,000 Due in 2045, issued July 2015 4.625 % 300,000 300,000 300,000 Unamortized discounts and debt issuance costs (3,382) (3,921) (4,100) 746,618 746,079 745,900 4,583,190 4,065,217 4,003,296 Long-term debt 7,301,042 6,246,585 6,494,501 Current portion of long-term debt, net (2,561,535) (1,255,999) (638,496) Long-term debt, net $ 4,739,507 $ 4,990,586 $ 5,856,005 (a) €600.0 million par value remeasured to U.S. dollar at September 30, 2024, December 31, 2023, and September 30, 2023, respectively (b) €700.0 million par value remeasured to U.S. dollar at September 30, 2024, December 31, 2023, and September 30, 2023, respectively
Schedule of Maturities of Long-term Debt	Future principal payments of the Company's debt obligations as of September 30, 2024 were as follows (in thousands): 2024 $ 1,348,574 2025 1,892,265 2026 1,514,557 2027 1,089,974 2028 1,059,167 Thereafter 919,786 Future principal payments 7,824,323 Unamortized discounts and debt issuance costs (25,908) $ 7,798,415

Asset-Backed Financing (Tables)

Asset-Backed Financing (Tables)	9 Months Ended
Asset-Backed Financing (Tables)	Sep. 30, 2024
Transfers and Servicing [Abstract]
Schedule of Assets and Liabilities Related to the On-Balance Sheet Financing	The assets and liabilities related to the on-balance sheet asset-backed financings included in the Consolidated balance sheets were as follows (in thousands): September 30, 2024 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt, net On-balance sheet assets and liabilities: Consolidated VIEs: Asset-backed securitizations $ 2,772,473 $ (152,943) $ 131,459 $ 4,523 $ 2,755,512 $ 2,244,742 Asset-backed U.S. commercial paper conduit facility 408,515 (22,501) 25,124 1,522 412,660 378,968 Unconsolidated VIEs: Asset-backed Canadian commercial paper conduit facility 109,199 (4,999) 6,454 163 110,817 94,142 $ 3,290,187 $ (180,443) $ 163,037 $ 6,208 $ 3,278,989 $ 2,717,852 December 31, 2023 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt, net On-balance sheet assets and liabilities: Consolidated VIEs: Asset-backed securitizations $ 2,348,817 $ (126,882) $ 94,137 $ 6,719 $ 2,322,791 $ 1,877,368 Asset-backed U.S. commercial paper conduit facility 259,441 (14,001) 16,443 2,066 263,949 233,258 Unconsolidated VIEs: Asset-backed Canadian commercial paper conduit facility 81,916 (3,667) 4,425 211 82,885 70,742 $ 2,690,174 $ (144,550) $ 115,005 $ 8,996 $ 2,669,625 $ 2,181,368 September 30, 2023 Finance receivables Allowance for credit losses Restricted cash Other assets Total assets Asset-backed debt, net On-balance sheet assets and liabilities: Consolidated VIEs: Asset-backed securitizations $ 2,608,831 $ (141,260) $ 115,306 $ 7,951 $ 2,590,828 $ 2,138,684 Asset-backed U.S. commercial paper conduit facility 300,692 (16,267) 20,456 1,444 306,325 272,766 Unconsolidated VIEs: Asset-backed Canadian commercial paper conduit facility 91,926 (4,101) 5,859 116 93,800 79,755 $ 3,001,449 $ (161,628) $ 141,621 $ 9,511 $ 2,990,953 $ 2,491,205
Schedule of Transfer of Financial Assets Accounted for as Sales	Quarterly transfers of U.S. retail motorcycle finance receivables to SPEs, the respective proceeds, and the respective proceeds, net of discounts and issuance costs were as follows (in millions): 2024 2023 Transfers Proceeds Proceeds, net Transfers Proceeds Proceeds, net First quarter $ — $ — $ — $ 628.5 $ 550.0 $ 547.7 Second quarter 607.8 550.0 547.6 — — — Third quarter 663.1 600.0 597.6 576.0 500.0 497.8 $ 1,270.9 $ 1,150.0 $ 1,145.2 $ 1,204.5 $ 1,050.0 $ 1,045.5
Transfer of Certain Financial Assets Accounted for as Secured Borrowings	Quarterly transfers of Canadian retail motorcycle finance receivables to the Canadian Conduit and the respective proceeds were as follows (in millions): 2024 2023 Transfers Proceeds Transfers Proceeds First quarter $ 34.9 $ 28.6 $ — $ — Second quarter 20.6 16.9 40.5 33.5 Third quarter 17.9 14.7 10.8 8.9 $ 73.4 $ 60.2 $ 51.3 $ 42.4

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
Fair Value (Tables)	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Recurring Fair Value Measurements – The Company’s assets and liabilities measured at fair value on a recurring basis were as follows (in thousands): September 30, 2024 Balance Level 1 Level 2 Assets: Cash equivalents $ 1,847,818 $ 1,603,315 $ 244,503 Marketable securities 33,816 33,816 — Derivative financial instruments 19,804 — 19,804 $ 1,901,438 $ 1,637,131 $ 264,307 Liabilities: Derivative financial instruments $ 14,235 $ — $ 14,235 LiveWire warrants 3,189 2,086 1,103 $ 17,424 $ 2,086 $ 15,338 December 31, 2023 Balance Level 1 Level 2 Assets: Cash equivalents $ 1,067,755 $ 898,000 $ 169,755 Marketable securities 34,079 34,079 — Derivative financial instruments 19,073 — 19,073 $ 1,120,907 $ 932,079 $ 188,828 Liabilities: Derivative financial instruments $ 12,806 $ — $ 12,806 LiveWire warrants 12,319 8,059 4,260 $ 25,125 $ 8,059 $ 17,066 September 30, 2023 Balance Level 1 Level 2 Assets: Cash equivalents $ 1,330,576 $ 1,071,000 $ 259,576 Marketable securities 32,664 32,664 — Derivative financial instruments 17,620 — 17,620 $ 1,380,860 $ 1,103,664 $ 277,196 Liabilities: Derivative financial instruments $ 60,288 $ — $ 60,288 LiveWire warrants 10,631 $ 6,955 $ 3,676 $ 70,919 $ 6,955 $ 63,964
Schedule of the Fair Value and Carrying Value of the Company's Financial Instruments	The fair value and carrying value of the Company’s remaining financial instruments that are measured at cost or amortized cost were as follows (in thousands): September 30, 2024 December 31, 2023 September 30, 2023 Fair Value Carrying Value Fair Value Carrying Value Fair Value Carrying Value Assets: Finance receivables, net $ 7,865,082 $ 7,800,387 $ 7,500,263 $ 7,498,265 $ 7,668,607 $ 7,655,224 Liabilities: Deposits, net $ 551,806 $ 549,010 $ 460,766 $ 447,782 $ 498,834 $ 478,933 Debt: Unsecured commercial paper $ 497,373 $ 497,373 $ 878,935 $ 878,935 $ 815,081 $ 815,081 Asset-backed U.S. commercial paper conduit facility $ 378,968 $ 378,968 $ 233,258 $ 233,258 $ 272,766 $ 272,766 Asset-backed Canadian commercial paper conduit facility $ 94,142 $ 94,142 $ 70,742 $ 70,742 $ 79,755 $ 79,755 Asset-backed securitization debt $ 2,258,289 $ 2,244,742 $ 1,872,215 $ 1,877,368 $ 2,121,724 $ 2,138,684 Medium-term notes $ 3,882,407 $ 3,836,572 $ 3,308,952 $ 3,319,138 $ 3,156,412 $ 3,257,396 Senior notes $ 703,108 $ 746,618 $ 674,787 $ 746,079 $ 642,746 $ 745,900

Product Warranty and Recall C_2

Product Warranty and Recall Campaigns (Tables)	9 Months Ended
Product Warranty and Recall Campaigns (Tables)	Sep. 30, 2024
Product Warranties Disclosures [Abstract]
Schedule of Warranty and Recall Liability	Changes in the Company’s warranty and recall liabilities were as follows (in thousands): Three months ended Nine months ended September 30, September 30, September 30, September 30, Balance, beginning of period $ 69,633 $ 65,291 $ 64,144 $ 75,960 Warranties issued during the period 10,150 10,570 39,338 32,554 Settlements made during the period (16,001) (16,766) (45,846) (43,344) Recalls and changes to pre-existing warranty liabilities 15,291 7,215 21,437 1,140 Balance, end of period $ 79,073 $ 66,310 $ 79,073 $ 66,310

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
Employee Benefit Plans (Tables)	Sep. 30, 2024
Retirement Benefits [Abstract]
Schedule of Components of Net Periodic Benefit Costs	Components of net periodic benefit (income) cost for the Company's defined benefit plans were as follows (in thousands): Three months ended Nine months ended September 30, September 30, September 30, September 30, Pension and SERPA Benefits: Service cost $ 1,175 $ 1,294 $ 3,525 $ 3,882 Interest cost 20,118 20,476 60,355 61,429 Expected return on plan assets (33,143) (36,519) (99,429) (109,557) Amortization of unrecognized: Prior service cost 188 188 564 564 Net gain (163) (181) (489) (543) Settlement gain — — — (222) Special retirement benefit cost — — 1,722 — Net periodic benefit income $ (11,825) $ (14,742) $ (33,752) $ (44,447) Postretirement Healthcare Benefits: Service cost $ 723 $ 797 $ 2,169 $ 2,390 Interest cost 2,694 2,772 8,082 8,316 Expected return on plan assets (4,424) (4,281) (13,272) (12,843) Amortization of unrecognized: Prior service cost (credit) 149 (166) 447 (498) Net gain (1,250) (1,097) (3,750) (3,291) Net periodic benefit income $ (2,108) $ (1,975) $ (6,324) $ (5,926)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Sep. 30, 2024
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Changes in Accumulated other comprehensive loss were as follows (in thousands): Three months ended September 30, 2024 Foreign currency translation adjustments Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (106,928) $ 323 $ (231,269) $ (337,874) Other comprehensive income, before reclassifications 63,922 33,662 — 97,584 Income tax expense — (8,078) — (8,078) 63,922 25,584 — 89,506 Reclassifications: Net gain on derivative financial instruments — (64,997) — (64,997) Prior service credits (a) — — 337 337 Actuarial gains (a) — — (1,413) (1,413) Reclassifications before tax — (64,997) (1,076) (66,073) Income tax benefit — 15,473 255 15,728 — (49,524) (821) (50,345) Other comprehensive income (loss) 63,922 (23,940) (821) 39,161 Balance, end of period $ (43,006) $ (23,617) $ (232,090) $ (298,713) Three months ended September 30, 2023 Foreign currency translation adjustments Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (89,787) $ (13,196) $ (253,141) $ (356,124) Other comprehensive loss, before reclassifications (12,355) (29,508) — (41,863) Income tax benefit 803 6,927 — 7,730 (11,552) (22,581) — (34,133) Reclassifications: Net loss on derivative financial instruments — 45,059 — 45,059 Prior service credits (a) — — 22 22 Actuarial gains (a) — — (1,278) (1,278) Reclassifications before tax — 45,059 (1,256) 43,803 Income tax (expense) benefit — (10,580) 295 (10,285) — 34,479 (961) 33,518 Other comprehensive (loss) income (11,552) 11,898 (961) (615) Balance, end of period $ (101,339) $ (1,298) $ (254,102) $ (356,739) (a) Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 13. Nine months ended September 30, 2024 Foreign currency translation adjustments Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (68,739) $ (6,601) $ (229,622) $ (304,962) Other comprehensive income, before reclassifications 25,722 6,911 — 32,633 Income tax benefit (expense) 11 (1,659) — (1,648) 25,733 5,252 — 30,985 Reclassifications: Net gain on derivative financial instruments — (29,243) — (29,243) Prior service credits (a) — — 1,011 1,011 Actuarial gains (a) — — (4,239) (4,239) Reclassifications before tax — (29,243) (3,228) (32,471) Income tax benefit — 6,975 760 7,735 — (22,268) (2,468) (24,736) Other comprehensive income (loss) 25,733 (17,016) (2,468) 6,249 Balance, end of period $ (43,006) $ (23,617) $ (232,090) $ (298,713) Nine months ended September 30, 2023 Foreign currency translation adjustments Derivative financial instruments Pension and postretirement benefit plans Total Balance, beginning of period $ (80,271) $ (10,440) $ (251,218) $ (341,929) Other comprehensive loss, before reclassifications (24,675) (5,054) — (29,729) Income tax benefit 3,607 1,272 — 4,879 (21,068) (3,782) — (24,850) Reclassifications: Net loss on derivative financial instruments — 16,891 — 16,891 Prior service credits (a) — — 66 66 Actuarial gains (a) — — (3,834) (3,834) Reclassifications before tax — 16,891 (3,768) 13,123 Income tax (expense) benefit — (3,967) 884 (3,083) — 12,924 (2,884) 10,040 Other comprehensive (loss) income (21,068) 9,142 (2,884) (14,810) Balance, end of period $ (101,339) $ (1,298) $ (254,102) $ (356,739) (a) Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 15

Reportable Segments (Tables)

Reportable Segments (Tables)	9 Months Ended
Reportable Segments (Tables)	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Selected segment information is set forth below (in thousands): Three months ended Nine months ended September 30, September 30, September 30, September 30, HDMC: Revenue $ 876,405 $ 1,296,981 $ 3,701,417 $ 4,052,946 Gross profit 263,813 410,690 1,158,010 1,385,190 Selling, administrative and engineering expense 208,676 235,437 666,522 679,864 Operating income 55,137 175,253 491,488 705,326 LiveWire: Revenue 4,808 8,144 15,958 22,932 Gross (loss) profit (1,180) 1,092 (6,907) (584) Selling, administrative and engineering expense 24,905 26,435 76,587 81,290 Operating loss (26,085) (25,343) (83,494) (81,874) HDFS: Financial services revenue 269,482 243,934 781,818 707,390 Financial services expense 192,738 184,559 579,836 530,610 Operating income 76,744 59,375 201,982 176,780 Operating income $ 105,796 $ 209,285 $ 609,976 $ 800,232

Supplemental Consolidating Da_2

Supplemental Consolidating Data (Tables)	9 Months Ended
Supplemental Consolidating Data (Tables)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Operations	Supplemental consolidating data is as follows (in thousands): Three months ended September 30, 2024 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Revenue: Motorcycles and related products $ 883,958 $ — $ (2,745) $ 881,213 Financial services — 269,880 (398) 269,482 883,958 269,880 (3,143) 1,150,695 Costs and expenses: Motorcycles and related products cost of goods sold 618,580 — — 618,580 Financial services interest expense — 94,463 — 94,463 Financial services provision for credit losses — 57,977 — 57,977 Selling, administrative and engineering expense 234,002 43,042 (3,165) 273,879 852,582 195,482 (3,165) 1,044,899 Operating income 31,376 74,398 22 105,796 Other income, net 18,408 — — 18,408 Investment income 16,450 — — 16,450 Interest expense 7,707 — — 7,707 Income before income taxes 58,527 74,398 22 132,947 Income tax provision (914) 17,894 — 16,980 Net income 59,441 56,504 22 115,967 Less: (income) loss attributable to noncontrolling interests 3,073 $ — $ — $ 3,073 Net income attributable to Harley-Davidson, Inc. $ 62,514 $ 56,504 $ 22 $ 119,040 Nine months ended September 30, 2024 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Revenue: Motorcycles and related products $ 3,724,668 $ — $ (7,293) $ 3,717,375 Financial services — 783,339 (1,521) 781,818 3,724,668 783,339 (8,814) 4,499,193 Costs and expenses: Motorcycles and related products cost of goods sold 2,566,272 — — 2,566,272 Financial services interest expense — 276,943 — 276,943 Financial services provision for credit losses — 175,017 — 175,017 Selling, administrative and engineering expense 744,663 135,169 (8,847) 870,985 3,310,935 587,129 (8,847) 3,889,217 Operating income 413,733 196,210 33 609,976 Other income, net 54,851 — — 54,851 Investment income 45,665 — — 45,665 Interest expense 23,066 — — 23,066 Income before income taxes 491,183 196,210 33 687,426 Provision for income taxes 76,648 47,173 — 123,821 Net income 414,535 149,037 33 563,605 Less: (income) loss attributable to noncontrolling interests 8,644 — — 8,644 Net income attributable to Harley-Davidson, Inc. $ 423,179 $ 149,037 $ 33 $ 572,249 Three months ended September 30, 2023 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Revenue: Motorcycles and Related Products $ 1,307,289 $ — $ (2,164) $ 1,305,125 Financial Services — 244,554 (620) 243,934 1,307,289 244,554 (2,784) 1,549,059 Costs and expenses: Motorcycles and Related Products cost of goods sold 893,343 — — 893,343 Financial Services interest expense — 84,123 — 84,123 Financial Services provision for credit losses — 60,854 — 60,854 Selling, administrative and engineering expense 262,444 41,745 (2,735) 301,454 1,155,787 186,722 (2,735) 1,339,774 Operating income 151,502 57,832 (49) 209,285 Other income, net 26,814 — — 26,814 Investment income 209,868 — (200,000) 9,868 Interest expense 7,688 — — 7,688 Income before income taxes 380,496 57,832 (200,049) 238,279 Provision for income taxes 27,867 14,309 — 42,176 Net income 352,629 43,523 (200,049) 196,103 Less: (income) loss attributable to noncontrolling interests 2,546 — — 2,546 Net income attributable to Harley-Davidson, Inc. $ 355,175 $ 43,523 $ (200,049) $ 198,649 Nine months ended September 30, 2023 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Revenue: Motorcycles and related products $ 4,082,312 $ — $ (6,434) $ 4,075,878 Financial services — 709,167 (1,777) 707,390 4,082,312 709,167 (8,211) 4,783,268 Costs and expenses: Motorcycles and related products cost of goods sold 2,691,272 — — 2,691,272 Financial services interest expense — 243,677 — 243,677 Financial services provision for credit losses — 170,496 — 170,496 Selling, administrative and engineering expense 762,963 122,871 (8,243) 877,591 3,454,235 537,044 (8,243) 3,983,036 Operating income 628,077 172,123 32 800,232 Other income, net 54,136 — — 54,136 Investment income 231,044 — (200,000) 31,044 Interest expense 23,104 — — 23,104 Income before income taxes 890,153 172,123 (199,968) 862,308 Provision for income taxes 150,265 40,281 — 190,546 Net income 739,888 131,842 (199,968) 671,762 Less: (income) loss attributable to noncontrolling interests 9,016 — — 9,016 Net income attributable to Harley-Davidson, Inc. $ 748,904 $ 131,842 $ (199,968) $ 680,778
Schedule of Balance Sheet	September 30, 2024 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ 1,213,301 $ 1,030,609 $ — $ 2,243,910 Accounts receivable, net 498,694 60 (191,053) 307,701 Finance receivables, net — 2,300,551 — 2,300,551 Inventories, net 681,864 — — 681,864 Restricted cash — 147,910 — 147,910 Other current assets 167,555 58,209 (17,764) 208,000 2,561,414 3,537,339 (208,817) 5,889,936 Finance receivables, net — 5,499,836 — 5,499,836 Property, plant and equipment, net 713,603 14,864 — 728,467 Pension and postretirement assets 452,515 — — 452,515 Goodwill 62,909 — — 62,909 Deferred income taxes 77,990 92,208 (908) 169,290 Lease assets 66,304 3,533 — 69,837 Other long-term assets 223,749 46,247 (116,127) 153,869 $ 4,158,484 $ 9,194,027 $ (325,852) $ 13,026,659 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 283,296 $ 213,376 $ (191,053) $ 305,619 Accrued liabilities 491,697 151,907 (17,252) 626,352 Short-term deposits, net — 178,638 — 178,638 Short-term debt — 497,373 — 497,373 Current portion of long-term debt, net 449,759 2,111,776 — 2,561,535 1,224,752 3,153,070 (208,305) 4,169,517 Long-term deposits, net — 370,372 — 370,372 Long-term debt, net 296,859 4,442,648 — 4,739,507 Lease liabilities 48,821 3,134 — 51,955 Pension and postretirement liabilities 58,551 — — 58,551 Deferred income taxes 30,266 3,227 — 33,493 Other long-term liabilities 147,563 28,697 1,892 178,152 Commitments and contingencies (Note 14) Shareholders’ equity 2,351,672 1,192,879 (119,439) 3,425,112 $ 4,158,484 $ 9,194,027 $ (325,852) $ 13,026,659 September 30, 2023 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated ASSETS Current assets: Cash and cash equivalents $ 1,218,420 $ 659,931 $ — $ 1,878,351 Accounts receivable, net 672,755 8 (357,432) 315,331 Finance receivables, net — 2,101,965 — 2,101,965 Inventories, net 768,765 — — 768,765 Restricted cash — 130,838 — 130,838 Other current assets 172,174 59,920 (4,538) 227,556 2,832,114 2,952,662 (361,970) 5,422,806 Finance receivables, net — 5,553,259 — 5,553,259 Property, plant and equipment, net 682,350 20,954 — 703,304 Pension and postretirement assets 369,440 — — 369,440 Goodwill 61,935 — — 61,935 Deferred income taxes 54,972 90,976 (1,184) 144,764 Lease assets 65,327 3,707 — 69,034 Other long-term assets 223,757 26,765 (112,848) 137,674 $ 4,289,895 $ 8,648,323 $ (476,002) $ 12,462,216 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 362,662 $ 376,897 $ (357,432) $ 382,127 Accrued liabilities 461,725 128,585 (4,176) 586,134 Short-term deposits, net 250,987 250,987 Short-term debt — 815,081 — 815,081 Current portion of long-term debt, net — 638,496 — 638,496 824,387 2,210,046 (361,608) 2,672,825 Long-term deposits, net — 227,946 — 227,946 Long-term debt, net 745,900 5,110,105 — 5,856,005 Lease liabilities 48,572 3,666 — 52,238 Pension and postretirement liabilities 67,991 — — 67,991 Deferred income taxes 27,116 2,412 — 29,528 Other long-term liabilities 144,405 98,041 1,967 244,413 Commitments and contingencies (Note 14) Shareholders’ equity 2,431,524 996,107 (116,361) 3,311,270 $ 4,289,895 $ 8,648,323 $ (476,002) $ 12,462,216
Schedule of Cash Flows	Nine months ended September 30, 2024 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Cash flows from operating activities: Net income $ 414,535 $ 149,037 $ 33 $ 563,605 Adjustments to reconcile Net income to Net cash provided by operating activities: Depreciation and amortization 112,605 6,963 — 119,568 Amortization of deferred loan origination costs — 54,461 — 54,461 Amortization of financing origination fees 540 9,823 — 10,363 Provision for long-term employee benefits (40,076) — — (40,076) Employee benefit plan contributions and payments (3,781) — — (3,781) Stock compensation expense 38,234 1,586 — 39,820 Net change in wholesale finance receivables related to sales — — (211,800) (211,800) Provision for credit losses — 175,017 — 175,017 Deferred income taxes 3,347 (4,724) (438) (1,815) Other, net 15,505 4,085 (33) 19,557 Changes in current assets and liabilities: Accounts receivable, net (79,746) — 43,217 (36,529) Finance receivables – accrued interest and other — 2,325 — 2,325 Inventories, net 253,373 — — 253,373 Accounts payable and accrued liabilities (35,743) 53,591 (30,751) (12,903) Other current assets (23,008) 12,295 10,183 (530) 241,250 315,422 (189,622) 367,050 Net cash provided by operating activities 655,785 464,459 (189,589) 930,655 Cash flows from investing activities: Capital expenditures (139,295) (1,129) — (140,424) Origination of finance receivables — (5,671,416) 2,668,679 (3,002,737) Collections on finance receivables — 5,136,239 (2,479,090) 2,657,149 Other investing activities (1,165) — 1,000 (165) Net cash used by investing activities (140,460) (536,306) 190,589 (486,177) Nine months ended September 30, 2024 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Cash flows from financing activities: Proceeds from issuance of medium-term notes — 495,856 — 495,856 Proceeds from securitization debt — 1,145,211 — 1,145,211 Repayments of securitization debt — (782,161) — (782,161) Borrowings of asset-backed commercial paper — 366,171 — 366,171 Repayments of asset-backed commercial paper — (195,709) — (195,709) Net decrease in unsecured commercial paper — (387,392) — (387,392) Net increase in deposits — 100,737 — 100,737 Dividends paid (69,454) — — (69,454) Repurchase of common stock (359,810) — — (359,810) Other financing activities 11 1,000 (1,000) 11 Net cash (used) provided by financing activities (429,253) 743,713 (1,000) 313,460 Effect of exchange rate changes on cash, cash equivalents and restricted cash (171) 369 — 198 Net increase in cash, cash equivalents and restricted cash $ 85,901 $ 672,235 $ — $ 758,136 Cash, cash equivalents and restricted cash: Cash, cash equivalents and restricted cash, beginning of period $ 1,127,400 $ 521,411 $ — $ 1,648,811 Net increase in cash, cash equivalents and restricted cash 85,901 672,235 — 758,136 Cash, cash equivalents and restricted cash, end of period $ 1,213,301 $ 1,193,646 $ — $ 2,406,947 Nine months ended September 30, 2023 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Cash flows from operating activities: Net income $ 739,888 $ 131,842 $ (199,968) $ 671,762 Adjustments to reconcile Net income to Net cash provided by operating activities: Depreciation and amortization 105,824 6,768 — 112,592 Amortization of deferred loan origination costs — 65,996 — 65,996 Amortization of financing origination fees 532 9,202 — 9,734 Provision for long-term employee benefits (50,373) — — (50,373) Employee benefit plan contributions and payments (2,668) — — (2,668) Stock compensation expense 61,642 2,896 — 64,538 Net change in wholesale finance receivables related to sales — — (392,817) (392,817) Provision for credit losses — 170,496 — 170,496 Deferred income taxes 147 (8,764) 162 (8,455) Other, net (15,606) (4,099) (33) (19,738) Changes in current assets and liabilities: Accounts receivable, net (312,549) — 240,465 (72,084) Finance receivables – accrued interest and other — 2,366 — 2,366 Inventories, net 160,742 — — 160,742 Accounts payable and accrued liabilities (10,440) 257,748 (232,855) 14,453 Other current assets (24,418) 4,645 (4) (19,777) (87,167) 507,254 (385,082) 35,005 Net cash provided by operating activities 652,721 639,096 (585,050) 706,767 Cash flows from investing activities: Capital expenditures (135,768) (3,134) — (138,902) Origination of finance receivables — (6,035,046) 2,872,089 (3,162,957) Collections on finance receivables — 5,276,887 (2,487,039) 2,789,848 Other investing activities (1,622) — 2,500 878 Net cash used by investing activities (137,390) (761,293) 387,550 (511,133) Nine months ended September 30, 2023 Non-Financial Services Entities Financial Services Entities Consolidating Adjustments Consolidated Cash flows from financing activities: Proceeds from issuance of medium-term notes — 1,446,304 — 1,446,304 Repayments of medium-term notes — (1,056,680) — (1,056,680) Proceeds from securitization debt — 1,045,547 — 1,045,547 Repayments of securitization debt — (930,608) — (930,608) Borrowings of asset-backed commercial paper — 42,429 — 42,429 Repayments of asset-backed commercial paper — (187,599) — (187,599) Net decrease in unsecured commercial paper — 43,523 — 43,523 Net increase in deposits — 161,157 — 161,157 Dividends paid (72,775) (200,000) 200,000 (72,775) Repurchase of common stock (239,428) — — (239,428) Other financing activities 1,706 2,500 (2,500) 1,706 Net cash (used) provided by financing activities (310,497) 366,573 197,500 253,576 Effect of exchange rate changes on cash, cash equivalents and restricted cash (8,212) (203) — (8,415) Net increase in cash, cash equivalents and restricted cash $ 196,622 $ 244,173 $ — $ 440,795 Cash, cash equivalents and restricted cash: Cash, cash equivalents and restricted cash, beginning of period $ 1,021,798 $ 557,379 $ — $ 1,579,177 Net increase in cash, cash equivalents and restricted cash 196,622 244,173 — 440,795 Cash, cash equivalents and restricted cash, end of period $ 1,218,420 $ 801,552 $ — $ 2,019,972

Basis of Presentation and Use_3

Basis of Presentation and Use of Estimates (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments \| segment			3
Pre-tax gain (loss) from foreign currency remeasurements \| $	$ 5.8	$ (15.6)	$ (0.9)	$ (11.1)

Revenue - Schedule Of Disaggreg

Revenue - Schedule Of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue
Revenue	$ 881,213	$ 1,305,125	$ 3,717,375	$ 4,075,878
Financial services	269,482	243,934	781,818	707,390
Total revenue	1,150,695	1,549,059	4,499,193	4,783,268
HDMC:
Disaggregation of Revenue
Revenue	876,405	1,296,981	3,701,417	4,052,946
LiveWire
Disaggregation of Revenue
Revenue	4,808	8,144	15,958	22,932
HDFS:
Disaggregation of Revenue
Financial services	269,482	243,934	781,818	707,390
Motorcycles \| HDMC:
Disaggregation of Revenue
Revenue	615,628	1,023,090	2,905,861	3,216,387
Parts and accessories \| HDMC:
Disaggregation of Revenue
Revenue	174,301	184,809	534,359	568,001
Apparel \| HDMC:
Disaggregation of Revenue
Revenue	55,688	49,325	183,192	187,072
Licensing \| HDMC:
Disaggregation of Revenue
Revenue	3,897	9,586	18,312	20,912
Other \| HDMC:
Disaggregation of Revenue
Revenue	26,891	30,171	59,693	60,574
Interest income \| HDFS:
Disaggregation of Revenue
Financial services	232,990	207,673	666,903	586,752
Other \| HDFS:
Disaggregation of Revenue
Financial services	$ 36,492	$ 36,261	$ 114,915	$ 120,638

Revenue - Schedule of Accrued l

Revenue - Schedule of Accrued liabilities and Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
Balance, beginning of period	$ 47,091	$ 41,134	$ 44,100
Balance, end of period	$ 54,792	$ 47,091	$ 41,134

Revenue - Additional Informatio

Revenue - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Recognized deferred revenue	$ 7.3	$ 6.9	$ 22.2	$ 20.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unearned revenue to be recognized	$ 22.9		$ 22.9
Revenue, remaining performance obligation period	12 months		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unearned revenue to be recognized	$ 31.9		$ 31.9
Revenue, remaining performance obligation period

Income Taxes (Details)

Income Taxes (Details)	9 Months Ended
Income Taxes (Details)	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax rate	18%	22.10%

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Reconciliation of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net income attributable to Harley-Davidson, Inc.	$ 119,040	$ 198,649	$ 572,249	$ 680,778
Weighted Average Number of Shares Outstanding Reconciliation
Basic weighted-average shares outstanding (in shares)	130,078	141,622	133,187	143,678
Effect of dilutive securities – employee stock compensation plan (in shares)	884	2,699	798	2,652
Diluted weighted-average shares outstanding (in shares)	130,962	144,321	133,985	146,330
Net earnings per share:
Basic (in dollars per share)	$ 0.92	$ 1.40	$ 4.30	$ 4.74
Diluted (in dollars per share)	$ 0.91	$ 1.38	$ 4.27	$ 4.65

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share
Shares considered anti-dilutive and excluded from computation (in shares)	0.4	0.8	0.9	1.1

Additional Balance Sheet and _3

Additional Balance Sheet and Cash Flow Information - Schedule of Marketable Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Mutual funds	$ 33,816	$ 34,079	$ 32,664

Additional Balance Sheet and _4

Additional Balance Sheet and Cash Flow Information - Schedule of Inventories, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Inventory
Raw materials and work in process	$ 299,296	$ 389,221	$ 333,107
Inventory at lower of FIFO cost or net realizable value	818,255	1,055,029	893,461
Excess of FIFO over LIFO cost	(136,391)	(125,078)	(124,696)
Total inventories, net	681,864	929,951	768,765
Deposits	549,000	447,800	478,900
Motorcycle finished goods
Inventory
Inventory, finished goods, net of inventory valuation adjustment	399,699	514,964	405,714
Parts and accessories and apparel
Inventory
Inventory, finished goods, net of inventory valuation adjustment	$ 119,260	$ 150,844	$ 154,640

Additional Balance Sheet and _5

Additional Balance Sheet and Cash Flow Information - Schedule of Certificates of Deposit Maturity (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Fiscal Year
2024	$ 33,551
2025	145,737
2026	236,489
2027	119,281
Thereafter	15,200
Future maturities	550,258
Unamortized fees	(1,248)
Total	$ 549,010

Additional Balance Sheet and _6

Additional Balance Sheet and Cash Flow Information - Schedule of Reconciliation of Net Cash Provided by Operating Activities (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 115,967	$ 215,406	$ 232,233	$ 196,103	$ 173,830	$ 301,829	$ 563,605	$ 671,762
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization							119,568	112,592
Amortization of deferred loan origination costs							54,461	65,996
Amortization of financing origination fees							10,363	9,734
Income related to long-term employee benefits							(40,076)	(50,373)
Employee benefit plan contributions and payments							(3,781)	(2,668)
Stock compensation expense							39,820	64,538
Net change in wholesale finance receivables related to sales							(211,800)	(392,817)
Provision for credit losses							175,017	170,496
Deferred income taxes							(1,815)	(8,455)
Other, net							19,557	(19,738)
Changes in current assets and liabilities:
Accounts receivable, net							(36,529)	(72,084)
Finance receivables – accrued interest and other							2,325	2,366
Inventories, net							253,373	160,742
Accounts payable and accrued liabilities							(12,903)	14,453
Other current assets							(530)	(19,777)
Total adjustments							367,050	35,005
Net cash provided by operating activities							$ 930,655	$ 706,767

Finance Receivables - Schedule

Finance Receivables - Schedule of Finance Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable
Financing receivable, gross	$ 8,200,299		$ 7,880,231	$ 8,047,938
Allowance for credit losses	(399,912)	$ (393,517)	(381,966)	(392,714)	$ (381,780)	$ (358,711)
Total allowance for credit loss	7,800,387		7,498,265	7,655,224
Retail
Accounts, Notes, Loans and Financing Receivable
Financing receivable, gross	6,961,975		6,818,699	6,998,397
Allowance for credit losses	(382,075)	(377,826)	(367,037)	(377,831)	(366,919)	(345,275)
Wholesale
Accounts, Notes, Loans and Financing Receivable
Financing receivable, gross	1,238,324		1,061,532	1,049,541
Allowance for credit losses	$ (17,837)	$ (15,691)	$ (14,929)	$ (14,883)	$ (14,861)	$ (13,436)

Finance Receivables - Additiona

Finance Receivables - Additional Information (Details)	3 Months Ended		9 Months Ended
Finance Receivables - Additional Information (Details)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) portfolio	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable
Reasonable and supportable economic forecast length			2 years
Length of mean reversion process used in economic forecasting			3 years
Number of portfolios \| portfolio			2
Retail
Accounts, Notes, Loans and Financing Receivable
Reversal of accrued interest against interest income	$ 6,900,000	$ 6,200,000	$ 24,000,000	$ 19,600,000
Wholesale
Accounts, Notes, Loans and Financing Receivable
Reversal of accrued interest against interest income	0	0	0	0
Impaired financing receivable, related allowance, recorded investment	$ 200,000	$ 200,000	$ 200,000	$ 200,000	$ 200,000

Finance Receivables - Schedul_2

Finance Receivables - Schedule of Changes in the Allowance for Finance Credit Losses on Finance Receivables (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss
Balance, beginning of period	$ 393,517	$ 381,780	$ 381,966	$ 358,711	$ 358,711
Provision for credit losses	57,977	60,854	175,017	170,496
Charge-offs	(65,029)	(63,738)	(207,109)	(182,183)
Recoveries	13,447	13,818	50,038	45,690
Balance, end of period	399,912	392,714	399,912	392,714	381,966
Retail
Financing Receivable, Allowance for Credit Loss
Balance, beginning of period	377,826	366,919	367,037	345,275	345,275
Provision for credit losses	55,831	60,832	172,109	169,049
Charge-offs	(65,029)	(63,738)	(207,109)	(182,183)	(263,915)
Recoveries	13,447	13,818	50,038	45,690
Balance, end of period	382,075	377,831	382,075	377,831	367,037
Wholesale
Financing Receivable, Allowance for Credit Loss
Balance, beginning of period	15,691	14,861	14,929	13,436	13,436
Provision for credit losses	2,146	22	2,908	1,447
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Balance, end of period	$ 17,837	$ 14,883	$ 17,837	$ 14,883	$ 14,929

Finance Receivables - Schedul_3

Finance Receivables - Schedule of Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Financing Receivable, Allowance for Credit Losses
Total	$ 8,200,299	$ 8,047,938	$ 8,200,299	$ 8,047,938	$ 7,880,231
Gross Charge-offs
Total	65,029	63,738	207,109	182,183
Retail
Financing Receivable, Allowance for Credit Losses
Year 1	2,186,907	2,304,600	2,186,907	2,304,600	2,637,198
Year 2	1,966,753	2,248,697	1,966,753	2,248,697	2,043,433
Year 3	1,469,774	1,310,598	1,469,774	1,310,598	1,176,286
Year 4	803,189	599,961	803,189	599,961	526,884
Year 5	325,628	333,566	325,628	333,566	280,805
More than 5 years	209,724	200,975	209,724	200,975	154,093
Total	6,961,975	6,998,397	6,961,975	6,998,397	6,818,699
Gross Charge-offs
Year 1			4,767	5,216	20,574
Year 2			67,005	72,243	103,391
Year 3			68,921	55,477	75,078
Year 4			36,981	23,360	31,368
Year 5			15,599	13,842	18,366
More than 5 years			13,836	12,045	15,138
Total	65,029	63,738	207,109	182,183	263,915
Retail \| United States
Financing Receivable, Allowance for Credit Losses
Year 1	2,140,696	2,246,111	2,140,696	2,246,111	2,572,883
Year 2	1,920,574	2,200,019	1,920,574	2,200,019	1,998,720
Year 3	1,439,402	1,281,982	1,439,402	1,281,982	1,150,467
Year 4	787,314	583,493	787,314	583,493	512,436
Year 5	317,872	323,927	317,872	323,927	273,031
More than 5 years	205,507	196,002	205,507	196,002	150,461
Total	6,811,365	6,831,534	6,811,365	6,831,534	6,657,998
Gross Charge-offs
Year 1			4,680	5,141	20,047
Year 2			65,972	71,540	102,387
Year 3			67,945	54,843	74,212
Year 4			36,365	23,023	30,896
Year 5			15,270	13,622	18,088
More than 5 years			13,485	11,663	14,655
Total			203,717	179,832	260,285
Retail \| Canada
Financing Receivable, Allowance for Credit Losses
Year 1	46,211	58,489	46,211	58,489	64,315
Year 2	46,179	48,678	46,179	48,678	44,713
Year 3	30,372	28,616	30,372	28,616	25,819
Year 4	15,875	16,468	15,875	16,468	14,448
Year 5	7,756	9,639	7,756	9,639	7,774
More than 5 years	4,217	4,973	4,217	4,973	3,632
Total	150,610	166,863	150,610	166,863	160,701
Gross Charge-offs
Year 1			87	75	527
Year 2			1,033	703	1,004
Year 3			976	634	866
Year 4			616	337	472
Year 5			329	220	278
More than 5 years			351	382	483
Total			3,392	2,351	3,630
Retail \| Super prime \| United States
Financing Receivable, Allowance for Credit Losses
Year 1	931,374	916,306	931,374	916,306	1,066,321
Year 2	769,173	806,658	769,173	806,658	729,339
Year 3	507,694	424,425	507,694	424,425	376,474
Year 4	241,713	175,218	241,713	175,218	151,004
Year 5	84,111	87,737	84,111	87,737	70,627
More than 5 years	39,590	37,875	39,590	37,875	27,013
Total	2,573,655	2,448,219	2,573,655	2,448,219	2,420,778
Retail \| Super prime \| Canada
Financing Receivable, Allowance for Credit Losses
Year 1	35,280	43,643	35,280	43,643	48,705
Year 2	34,382	34,700	34,382	34,700	31,733
Year 3	21,186	19,796	21,186	19,796	17,744
Year 4	10,573	10,707	10,573	10,707	9,241
Year 5	4,410	5,929	4,410	5,929	4,521
More than 5 years	1,702	2,245	1,702	2,245	1,524
Total	107,533	117,020	107,533	117,020	113,468
Retail \| Prime \| United States
Financing Receivable, Allowance for Credit Losses
Year 1	927,821	1,033,222	927,821	1,033,222	1,173,463
Year 2	901,954	1,086,081	901,954	1,086,081	993,417
Year 3	730,870	645,931	730,870	645,931	584,305
Year 4	410,721	293,977	410,721	293,977	259,995
Year 5	166,169	163,603	166,169	163,603	139,011
More than 5 years	106,766	102,427	106,766	102,427	78,880
Total	3,244,301	3,325,241	3,244,301	3,325,241	3,229,071
Retail \| Prime \| Canada
Financing Receivable, Allowance for Credit Losses
Year 1	9,200	13,007	9,200	13,007	13,764
Year 2	10,340	12,307	10,340	12,307	11,434
Year 3	8,054	7,968	8,054	7,968	7,336
Year 4	4,812	4,890	4,812	4,890	4,390
Year 5	2,782	3,135	2,782	3,135	2,728
More than 5 years	2,124	2,362	2,124	2,362	1,838
Total	37,312	43,669	37,312	43,669	41,490
Retail \| Sub-prime \| United States
Financing Receivable, Allowance for Credit Losses
Year 1	281,501	296,583	281,501	296,583	333,099
Year 2	249,447	307,280	249,447	307,280	275,964
Year 3	200,838	211,626	200,838	211,626	189,688
Year 4	134,880	114,298	134,880	114,298	101,437
Year 5	67,592	72,587	67,592	72,587	63,393
More than 5 years	59,151	55,700	59,151	55,700	44,568
Total	993,409	1,058,074	993,409	1,058,074	1,008,149
Retail \| Sub-prime \| Canada
Financing Receivable, Allowance for Credit Losses
Year 1	1,731	1,839	1,731	1,839	1,846
Year 2	1,457	1,671	1,457	1,671	1,546
Year 3	1,132	852	1,132	852	739
Year 4	490	871	490	871	817
Year 5	564	575	564	575	525
More than 5 years	391	366	391	366	270
Total	$ 5,765	$ 6,174	$ 5,765	$ 6,174	$ 5,743

Finance Receivables -Schedule o

Finance Receivables -Schedule of Recorded Investment of Retail and Wholesale Finance Receivables by Credit Quality Indicator (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Financing Receivable, Recorded Investment
Total	$ 8,200,299	$ 7,880,231	$ 8,047,938
Wholesale
Financing Receivable, Recorded Investment
Year 1	1,040,711	975,999	937,461
Year 2	145,019	67,045	95,482
Year 3	38,362	5,107	5,928
Year 4	2,567	4,962	5,379
Year 5	3,500	7,791	4,601
More than 5 years	8,165	628	690
Total	1,238,324	1,061,532	1,049,541
Wholesale \| Non-Performing
Financing Receivable, Recorded Investment
Year 1	1,986	0	0
Year 2	2,134	0	0
Year 3	122	0	0
Year 4	0	0	0
Year 5	0	0	0
More than 5 years	2	0	0
Total	4,244	0	0
Wholesale \| Doubtful
Financing Receivable, Recorded Investment
Year 1	9,939	0	0
Year 2	4,043	0	0
Year 3	129	0	0
Year 4	0	0	0
Year 5	0	0	0
More than 5 years	5	0	0
Total	14,116	0	0
Wholesale \| Substandard
Financing Receivable, Recorded Investment
Year 1	14,669	10,934	0
Year 2	3,391	258	0
Year 3	34	0	0
Year 4	0	0	0
Year 5	0	5	0
More than 5 years	0	0	0
Total	18,094	11,197	0
Wholesale \| Special Mention
Financing Receivable, Recorded Investment
Year 1	4,527	641	603
Year 2	1,240	30	30
Year 3	58	0	0
Year 4	0	0	0
Year 5	0	0	0
More than 5 years	0	0	0
Total	5,825	671	633
Wholesale \| Medium Risk
Financing Receivable, Recorded Investment
Year 1	615	2,905	2,754
Year 2	146	0	16
Year 3	0	0	0
Year 4	0	0	25
Year 5	0	0	0
More than 5 years	0	0	0
Total	761	2,905	2,795
Wholesale \| Low Risk
Financing Receivable, Recorded Investment
Year 1	1,008,975	961,519	934,104
Year 2	134,065	66,757	95,436
Year 3	38,019	5,107	5,928
Year 4	2,567	4,962	5,354
Year 5	3,500	7,786	4,601
More than 5 years	8,158	628	690
Total	$ 1,195,284	$ 1,046,759	$ 1,046,113

Finance Receivables - Schedul_4

Finance Receivables - Schedule of Information Related to Wholesale Finance Receivables on Non-Accrual Status (Details) - Wholesale - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Amortized Cost
No related allowance recorded	$ 2,423	$ 0
Related allowance recorded	1,821	0
Financing receivable, excluding accrued interest, nonaccrual	4,244	$ 0
Interest Income Recognized
No related allowance recorded	123
Related allowance recorded	123
Financing receivable, nonaccrual, interest income	$ 246

Finance Receivables - Schedul_5

Finance Receivables - Schedule of Past Due Financing Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	$ 8,200,299	$ 7,880,231	$ 8,047,938
Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	7,916,118	7,576,903	7,787,848
Total Past Due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	284,181	303,328	260,090
31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	164,795	168,790	151,211
61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	62,319	67,058	55,476
Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	57,067	67,480	53,403
Retail
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	6,961,975	6,818,699	6,998,397
Retail \| Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	6,679,994	6,516,342	6,738,510
Retail \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	281,981	302,357	259,887
Retail \| 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	163,963	168,027	151,192
Retail \| 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	61,542	67,033	55,454
Retail \| Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	56,476	67,297	53,241
Wholesale
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	1,238,324	1,061,532	1,049,541
Wholesale \| Current
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	1,236,124	1,060,561	1,049,338
Wholesale \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	2,200	971	203
Wholesale \| 31-60 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	832	763	19
Wholesale \| 61-90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	777	25	22
Wholesale \| Greater than 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Financing receivable, gross	$ 591	$ 183	$ 162

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities -Schedule of Derivative Instrument Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Designated as Hedging Instrument \| Cash Flow Hedging
Derivatives, Fair Value
Notional Value	$ 1,837,754	$ 1,961,290	$ 1,902,365
Assets	19,794	18,609	15,486
Liabilities	13,870	12,488	60,043
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency contracts
Derivatives, Fair Value
Notional Value	416,405	540,088	481,204
Assets	106	3,529	15,486
Liabilities	9,168	9,194	1,325
Designated as Hedging Instrument \| Cash Flow Hedging \| Commodity contracts
Derivatives, Fair Value
Notional Value	789	642	601
Assets	25	0	0
Liabilities	0	134	63
Designated as Hedging Instrument \| Cash Flow Hedging \| Cross-currency swaps
Derivatives, Fair Value
Notional Value	1,420,560	1,420,560	1,420,560
Assets	19,663	15,080	0
Liabilities	4,702	3,160	58,655
Designated as Hedging Instrument \| Cash Flow Hedging \| Cross-currency swaps \| Other Long-term Liabilities
Derivatives, Fair Value
Liabilities			58,700
Designated as Hedging Instrument \| Cash Flow Hedging \| Cross-currency swaps \| Other Long-term Assets
Derivatives, Fair Value
Assets	19,700	15,100
Not Designated as Hedging Instrument
Derivatives, Fair Value
Notional Value	353,235	623,496	724,733
Assets	10	464	2,134
Liabilities	365	318	245
Not Designated as Hedging Instrument \| Commodity contracts
Derivatives, Fair Value
Notional Value	3,538	5,637	5,773
Assets	0	0	168
Liabilities	365	318	245
Not Designated as Hedging Instrument \| Interest rate caps
Derivatives, Fair Value
Notional Value	349,697	617,859	718,960
Assets	10	464	1,966
Liabilities	$ 0	0	0
Not Designated as Hedging Instrument \| Cash Flow Hedging \| Interest rate caps \| Other Long-term Assets
Derivatives, Fair Value
Assets		$ 500	$ 2,000

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Schedule of Amount of Gains and Losses Related to Derivative Financial Instruments (Details) - Designated as Hedging Instrument - Cash Flow Hedging - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss)
Gain/(Loss) Recognized in OCI	$ 33,662	$ (29,508)	$ 6,911	$ (5,054)
Gain/(Loss) Reclassified from AOCL into Income	64,997	(45,059)	29,243	(16,891)
Foreign currency contracts
Derivative Instruments, Gain (Loss)
Gain/(Loss) Recognized in OCI	(14,470)	14,632	8,311	18,597
Gain/(Loss) Reclassified from AOCL into Income	6,749	(3,588)	13,718	635
Commodity contracts
Derivative Instruments, Gain (Loss)
Gain/(Loss) Recognized in OCI	(35)	(51)	(148)	(467)
Gain/(Loss) Reclassified from AOCL into Income	(62)	(115)	(306)	(814)
Cross-currency swaps
Derivative Instruments, Gain (Loss)
Gain/(Loss) Recognized in OCI	48,167	(44,089)	3,041	(22,543)
Gain/(Loss) Reclassified from AOCL into Income	58,669	(41,210)	16,523	(16,365)
Treasury rate lock contracts
Derivative Instruments, Gain (Loss)
Gain/(Loss) Recognized in OCI	0	0	(4,293)	1,139
Gain/(Loss) Reclassified from AOCL into Income	(210)	(241)	(247)	(510)
Swap rate lock contracts
Derivative Instruments, Gain (Loss)
Gain/(Loss) Recognized in OCI	0	0	0	(1,780)
Gain/(Loss) Reclassified from AOCL into Income	$ (149)	$ 95	$ (445)	$ 163

Derivative Financial Instrume_5

Derivative Financial Instruments and Hedging Activities - Schedule of Amount of Gains and Losses Recognized in Income Related to Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative
Motorcycles and related products cost of goods sold	$ 618,580	$ 893,343	$ 2,566,272	$ 2,691,272
Selling, administrative and engineering expense	273,879	301,454	870,985	877,591
Interest expense	7,707	7,688	23,066	23,104
Financial services interest expense	94,463	84,123	276,943	243,677
Cash Flow Hedging \| Designated as Hedging Instrument
Derivative
Gain/(Loss) Reclassified from AOCL into Income	64,997	(45,059)	29,243	(16,891)
Cash Flow Hedging \| Designated as Hedging Instrument \| Foreign currency contracts
Derivative
Gain/(Loss) Reclassified from AOCL into Income	6,749	(3,588)	13,718	635
Cash Flow Hedging \| Designated as Hedging Instrument \| Foreign currency contracts \| Motorcycles and related products cost of goods sold
Derivative
Gain/(Loss) Reclassified from AOCL into Income	6,749	(3,588)	13,718	635
Cash Flow Hedging \| Designated as Hedging Instrument \| Commodity contracts
Derivative
Gain/(Loss) Reclassified from AOCL into Income	(62)	(115)	(306)	(814)
Cash Flow Hedging \| Designated as Hedging Instrument \| Commodity contracts \| Motorcycles and related products cost of goods sold
Derivative
Gain/(Loss) Reclassified from AOCL into Income	(62)	(115)	(306)	(814)
Cash Flow Hedging \| Designated as Hedging Instrument \| Cross-currency swaps
Derivative
Gain/(Loss) Reclassified from AOCL into Income	58,669	(41,210)	16,523	(16,365)
Cash Flow Hedging \| Designated as Hedging Instrument \| Cross-currency swaps \| Selling, administrative & engineering expense
Derivative
Gain/(Loss) Reclassified from AOCL into Income	58,669	(41,210)	16,523	(16,365)
Cash Flow Hedging \| Designated as Hedging Instrument \| Treasury rate lock contracts
Derivative
Gain/(Loss) Reclassified from AOCL into Income	(210)	(241)	(247)	(510)
Cash Flow Hedging \| Designated as Hedging Instrument \| Treasury rate lock contracts \| Interest expense
Derivative
Gain/(Loss) Reclassified from AOCL into Income	(90)	(91)	(272)	(272)
Cash Flow Hedging \| Designated as Hedging Instrument \| Treasury rate lock contracts \| Financial services interest expense
Derivative
Gain/(Loss) Reclassified from AOCL into Income	(120)	(150)	25	(238)
Cash Flow Hedging \| Designated as Hedging Instrument \| Swap rate lock contracts
Derivative
Gain/(Loss) Reclassified from AOCL into Income	(149)	95	(445)	163
Cash Flow Hedging \| Designated as Hedging Instrument \| Swap rate lock contracts \| Financial services interest expense
Derivative
Gain/(Loss) Reclassified from AOCL into Income	$ (149)	$ 95	$ (445)	$ 163

Derivative Financial Instrume_6

Derivative Financial Instruments and Hedging Activities - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Expected income (loss) to be reclassified in next twelve months	$ 9

Derivative Financial Instrume_7

Derivative Financial Instruments and Hedging Activities - Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Derivative
Amount of Gain/(Loss) Recognized in Income	$ (3,536)	$ 1,661	$ (1,241)	$ (360)
Foreign currency contracts \| Cost of Sales
Derivative
Amount of Gain/(Loss) Recognized in Income	(2,943)	2,064	(250)	1,127
Commodity contracts \| Cost of Sales
Derivative
Amount of Gain/(Loss) Recognized in Income	(344)	297	(537)	(1,080)
Interest rate caps \| Cost of Sales
Derivative
Amount of Gain/(Loss) Recognized in Income	$ (249)	$ (700)	$ (454)	$ (407)

Debt - Schedule of Short-term D

Debt - Schedule of Short-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Short-term Debt
Short-term debt	$ 497,373	$ 878,935	$ 815,081
Unsecured commercial paper
Short-term Debt
Short-term debt	$ 497,373	$ 878,935	$ 815,081

Debt - Schedule of Long-term De

Debt - Schedule of Long-term Debt (Details) $ in Thousands, € in Millions	Sep. 30, 2024 USD ($)	Sep. 30, 2024 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)	Sep. 30, 2023 USD ($)	Sep. 30, 2023 EUR (€)
Debt Instrument
Unamortized discounts and debt issuance costs	$ (25,908)
Long-term debt	7,301,042		$ 6,246,585		$ 6,494,501
Current portion of long-term debt, net	(2,561,535)		(1,255,999)		(638,496)
Long-term debt, net	4,739,507		4,990,586		5,856,005
Secured Debt
Debt Instrument
Unamortized discounts and debt issuance costs	(7,726)		(7,261)		(8,864)
Long-term debt	2,717,852		2,181,368		2,491,205
Secured Debt \| Asset-backed Canadian commercial paper conduit facility
Debt Instrument
Long-term debt, gross	94,142		70,742		79,755
Secured Debt \| Asset-backed U.S. commercial paper conduit facility
Debt Instrument
Long-term debt, gross	378,968		233,258		272,766
Secured Debt \| Asset-backed securitization debt
Debt Instrument
Long-term debt, gross	2,252,468		1,884,629		2,147,548
Medium-term notes
Debt Instrument
Long-term debt, gross	3,836,572		3,319,138		3,257,396
Unamortized discounts and debt issuance costs	$ (14,800)		(15,710)		(17,275)
Medium-term notes \| Due in 2024, issued November 2019
Debt Instrument
Debt instrument, stated percentage	3.14%	3.14%
Long-term debt, gross	$ 669,864	€ 600	662,238	€ 600	634,464	€ 600
Medium-term notes \| Due in 2025, issued June 2020
Debt Instrument
Debt instrument, stated percentage	3.35%	3.35%
Long-term debt, gross	$ 700,000		700,000		700,000
Medium-term notes \| Due in 2026, issued in April 2023
Debt Instrument
Debt instrument, stated percentage	6.36%	6.36%
Long-term debt, gross	$ 781,508	€ 700	772,610	€ 700	740,207	€ 700
Medium-term notes \| Due in 2027, issued February 2022
Debt Instrument
Debt instrument, stated percentage	3.05%	3.05%
Long-term debt, gross	$ 500,000		500,000		500,000
Medium-term notes \| Due in 2028, issued March 2023
Debt Instrument
Debt instrument, stated percentage	6.50%	6.50%
Long-term debt, gross	$ 700,000		700,000		700,000
Medium-term notes \| Due in 2029, issued June 2024
Debt Instrument
Debt instrument, stated percentage	5.95%	5.95%
Long-term debt, gross	$ 500,000		0		0
Senior notes
Debt Instrument
Unamortized discounts and debt issuance costs	(3,382)		(3,921)		(4,100)
Long-term debt	$ 746,618		746,079		745,900
Senior notes \| Due in 2025, issued July 2015
Debt Instrument
Debt instrument, stated percentage	3.50%	3.50%
Long-term debt, gross	$ 450,000		450,000		450,000
Senior notes \| Due in 2045, issued July 2015
Debt Instrument
Debt instrument, stated percentage	4.625%	4.625%
Long-term debt, gross	$ 300,000		300,000		300,000
Unsecured Debt
Debt Instrument
Long-term debt	$ 4,583,190		$ 4,065,217		$ 4,003,296

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-term debt (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Debt Disclosure [Abstract]
2024	$ 1,348,574
2025	1,892,265
2026	1,514,557
2027	1,089,974
2028	1,059,167
Thereafter	919,786
Future principal payments	7,824,323
Unamortized discounts and debt issuance costs	(25,908)
Total future payments	$ 7,798,415

Asset-Backed Financing -Schedul

Asset-Backed Financing -Schedule of Assets and Liabilities of Variable Interest Entities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Finance receivables
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	$ 3,290,187	$ 2,690,174	$ 3,001,449
Transfers accounted for as secured borrowings, assets, allowance for credit losses, carrying amount	(180,443)	(144,550)	(161,628)
Finance receivables \| Asset-backed securitizations \| Consolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	2,772,473	2,348,817	2,608,831
Transfers accounted for as secured borrowings, assets, allowance for credit losses, carrying amount	(152,943)	(126,882)	(141,260)
Finance receivables \| Asset-backed U.S. commercial paper conduit facility \| Consolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	408,515	259,441	300,692
Transfers accounted for as secured borrowings, assets, allowance for credit losses, carrying amount	(22,501)	(14,001)	(16,267)
Finance receivables \| Asset-backed Canadian commercial paper conduit facility \| Unconsolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	109,199	81,916	91,926
Transfers accounted for as secured borrowings, assets, allowance for credit losses, carrying amount	(4,999)	(3,667)	(4,101)
Restricted cash
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	163,037	115,005	141,621
Restricted cash \| Asset-backed securitizations \| Consolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	131,459	94,137	115,306
Restricted cash \| Asset-backed U.S. commercial paper conduit facility \| Consolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	25,124	16,443	20,456
Restricted cash \| Asset-backed Canadian commercial paper conduit facility \| Unconsolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	6,454	4,425	5,859
Other assets
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	6,208	8,996	9,511
Other assets \| Asset-backed securitizations \| Consolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	4,523	6,719	7,951
Other assets \| Asset-backed U.S. commercial paper conduit facility \| Consolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	1,522	2,066	1,444
Other assets \| Asset-backed Canadian commercial paper conduit facility \| Unconsolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	163	211	116
Total assets
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	3,278,989	2,669,625	2,990,953
Total assets \| Asset-backed securitizations \| Consolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	2,755,512	2,322,791	2,590,828
Total assets \| Asset-backed U.S. commercial paper conduit facility \| Consolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	412,660	263,949	306,325
Total assets \| Asset-backed Canadian commercial paper conduit facility \| Unconsolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, assets, carrying amount	110,817	82,885	93,800
Asset-backed debt, net
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, associated liabilities, carrying amount	2,717,852	2,181,368	2,491,205
Asset-backed debt, net \| Asset-backed securitizations \| Consolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, associated liabilities, carrying amount	2,244,742	1,877,368	2,138,684
Asset-backed debt, net \| Asset-backed U.S. commercial paper conduit facility \| Consolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, associated liabilities, carrying amount	378,968	233,258	272,766
Asset-backed debt, net \| Asset-backed Canadian commercial paper conduit facility \| Unconsolidated VIEs
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings
Transfers accounts for as secured borrowings, associated liabilities, carrying amount	$ 94,142	$ 70,742	$ 79,755

Asset-Backed Financing -Sched_2

Asset-Backed Financing -Schedule of Transfer of Financial Assets Accounted for as Sales (Details) - Secured Debt - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
U.S. Line of Credit \| Asset-Backed Securitization VIE \| Consolidated VIEs
Variable Interest Entity
Transfers	$ 663.1	$ 607.8	$ 0	$ 576	$ 0	$ 628.5	$ 1,270.9	$ 1,204.5
Proceeds	600	550	0	500	0	550	1,150	1,050
Proceeds, net	597.6	547.6	0	497.8	0	547.7	1,145.2	1,045.5
Foreign Line of Credit \| Asset-backed Canadian commercial paper conduit facility \| Unconsolidated VIEs
Variable Interest Entity
Transfers	17.9	20.6	34.9	10.8	40.5	0	73.4	51.3
Proceeds	$ 14.7	$ 16.9	$ 28.6	$ 8.9	$ 33.5	$ 0	$ 60.2	$ 42.4

Asset-Backed Financing - Additi

Asset-Backed Financing - Additional Information (Details) - Secured Debt $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2024 CAD ($)	Nov. 30, 2023 USD ($)	Nov. 30, 2022 USD ($)
Unconsolidated VIEs \| U.S. Line of Credit \| Asset-Backed U.S. Commercial Paper Conduit Facility VIE, Combined Facilities
Variable Interest Entity
Line of credit, maximum borrowing capacity										$ 1,500,000,000
Unconsolidated VIEs \| Foreign Line of Credit \| Asset-backed Canadian commercial paper conduit facility
Variable Interest Entity
Length of option							5 years
Proceeds from transfer of finance receivables	$ 14,700,000	$ 16,900,000	$ 28,600,000	$ 8,900,000	$ 33,500,000	$ 0	$ 60,200,000	$ 42,400,000
VIE, maximum loss exposure, amount	16,700,000						$ 16,700,000
Consolidated VIEs \| U.S. Line of Credit \| Asset-Backed U.S. Commercial Paper Conduit Facility VIE, Combined Facilities
Variable Interest Entity
Line of credit facility, remaining borrowing capacity											$ 300,000,000
Consolidated VIEs \| U.S. Line of Credit \| Asset-backed U.S. commercial paper conduit facility
Variable Interest Entity
Length of option							5 years
Transfers on finance receivables	$ 0	$ 0	334,800,000					$ 0
Proceeds from transfer of finance receivables			$ 306,000,000
Consolidated VIEs \| Foreign Line of Credit \| Asset-backed Canadian commercial paper conduit facility
Variable Interest Entity
Line of credit, maximum borrowing capacity									$ 165
Increase (decrease) in maximum borrowing capacity									$ 40

Fair Value - Schedule of Assets

Fair Value - Schedule of Assets and Liabilities Measured at Fair Value (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Assets:
Cash equivalents	$ 1,847,818	$ 1,067,755	$ 1,330,576
Marketable securities	33,816	34,079	32,664
Derivative financial instruments	19,804	19,073	17,620
Assets, fair value	1,901,438	1,120,907	1,380,860
Liabilities:
Derivative financial instruments	14,235	12,806	60,288
LiveWire warrants	3,189	12,319	10,631
Liabilities, fair value disclosure	17,424	25,125	70,919
Level 1
Assets:
Cash equivalents	1,603,315	898,000	1,071,000
Marketable securities	33,816	34,079	32,664
Derivative financial instruments	0	0	0
Assets, fair value	1,637,131	932,079	1,103,664
Liabilities:
Derivative financial instruments	0	0	0
LiveWire warrants	2,086	8,059	6,955
Liabilities, fair value disclosure	2,086	8,059	6,955
Level 2
Assets:
Cash equivalents	244,503	169,755	259,576
Marketable securities	0	0	0
Derivative financial instruments	19,804	19,073	17,620
Assets, fair value	264,307	188,828	277,196
Liabilities:
Derivative financial instruments	14,235	12,806	60,288
LiveWire warrants	1,103	4,260	3,676
Liabilities, fair value disclosure	$ 15,338	$ 17,066	$ 63,964

Fair Value - Additional Informa

Fair Value - Additional Information (Details) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Repossessed inventory, increase (decrease) in fair value	$ (16.8)	$ (18.6)	$ (10.8)
Level 2 \| Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Repossessed inventory	$ 24.3	$ 28	$ 26.3

Fair Value - Schedule of Fair V

Fair Value - Schedule of Fair Value and Carrying Value of Company Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Fair Value
Assets:
Finance receivables, net	$ 7,865,082	$ 7,500,263	$ 7,668,607
Liabilities:
Deposits, net	551,806	460,766	498,834
Fair Value \| Medium-term notes
Debt:
Long-term debt, fair value	3,882,407	3,308,952	3,156,412
Fair Value \| Senior notes
Debt:
Long-term debt, fair value	703,108	674,787	642,746
Fair Value \| Asset-backed U.S. commercial paper conduit facility \| Secured Debt
Debt:
Long-term debt, fair value	378,968	233,258	272,766
Fair Value \| Asset-backed Canadian commercial paper conduit facility \| Secured Debt
Debt:
Long-term debt, fair value	94,142	70,742	79,755
Fair Value \| Asset-backed securitization debt \| Secured Debt
Debt:
Long-term debt, fair value	2,258,289	1,872,215	2,121,724
Fair Value \| Unsecured commercial paper
Debt:
Short-term debt, fair value	497,373	878,935	815,081
Carrying Value
Assets:
Finance receivables, net	7,800,387	7,498,265	7,655,224
Liabilities:
Deposits, net	549,010	447,782	478,933
Carrying Value \| Medium-term notes
Debt:
Long-term debt, fair value	3,836,572	3,319,138	3,257,396
Carrying Value \| Senior notes
Debt:
Long-term debt, fair value	746,618	746,079	745,900
Carrying Value \| Asset-backed U.S. commercial paper conduit facility \| Secured Debt
Debt:
Long-term debt, fair value	378,968	233,258	272,766
Carrying Value \| Asset-backed Canadian commercial paper conduit facility \| Secured Debt
Debt:
Long-term debt, fair value	94,142	70,742	79,755
Carrying Value \| Asset-backed securitization debt \| Secured Debt
Debt:
Long-term debt, fair value	2,244,742	1,877,368	2,138,684
Carrying Value \| Unsecured commercial paper
Debt:
Short-term debt, fair value	$ 497,373	$ 878,935	$ 815,081

Product Warranty and Recall C_3

Product Warranty and Recall Campaigns - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Product Information
Liability for recall campaigns	$ 79,073	$ 69,633	$ 64,144	$ 66,310	$ 65,291	$ 75,960
Recall Campaign
Product Information
Liability for recall campaigns	$ 23,900		$ 18,900	$ 20,300
Motorcycle finished goods
Product Information
Standard product warranty, period	3 years
Battery for electric motorcycles
Product Information
Unlimited warranty period	5 years
Parts and accessories and apparel
Product Information
Standard product warranty, period	1 year
All Countries, Except Certain Markets \| Motorcycle finished goods
Product Information
Standard product warranty, period	2 years

Product Warranty and Recall C_4

Product Warranty and Recall Campaigns - Schedule of Warranty and Recall Liability (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Movement in Standard Product Warranty Accrual
Balance, beginning of period	$ 69,633	$ 65,291	$ 64,144	$ 75,960
Warranties issued during the period	10,150	10,570	39,338	32,554
Settlements made during the period	(16,001)	(16,766)	(45,846)	(43,344)
Recalls and changes to pre-existing warranty liabilities	15,291	7,215	21,437	1,140
Balance, end of period	$ 79,073	$ 66,310	$ 79,073	$ 66,310

Employee Benefit Plans - Compon

Employee Benefit Plans - Components of Net Periodic Benefit Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pension and SERPA Benefits:
Defined Benefit Plan Disclosure
Service cost	$ 1,175	$ 1,294	$ 3,525	$ 3,882
Interest cost	20,118	20,476	60,355	61,429
Expected return on plan assets	(33,143)	(36,519)	(99,429)	(109,557)
Amortization of unrecognized: Prior service cost (credit)	188	188	564	564
Amortization of unrecognized: Net (gain) loss	(163)	(181)	(489)	(543)
Settlement gain	0	0	0	(222)
Special retirement benefit cost	0	0	1,722	0
Net periodic benefit income	(11,825)	(14,742)	(33,752)	(44,447)
Postretirement Healthcare Benefits:
Defined Benefit Plan Disclosure
Service cost	723	797	2,169	2,390
Interest cost	2,694	2,772	8,082	8,316
Expected return on plan assets	(4,424)	(4,281)	(13,272)	(12,843)
Amortization of unrecognized: Prior service cost (credit)	149	(166)	447	(498)
Amortization of unrecognized: Net (gain) loss	(1,250)	(1,097)	(3,750)	(3,291)
Net periodic benefit income	$ (2,108)	$ (1,975)	$ (6,324)	$ (5,926)

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	1 Months Ended
	Aug. 31, 2024	Sep. 30, 2024
Loss Contingencies [Line Items]
Product liability, damages awarded	$ 288
Minimum
Loss Contingencies [Line Items]
Estimate cost		$ 100
Maximum
Loss Contingencies [Line Items]
Estimate cost		$ 400

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
AOCI Attributable to Parent, Net of Tax
Balance, beginning of period	$ 3,433,316	$ 3,336,086	$ 3,252,295	$ 3,189,856	$ 3,095,849	$ 2,906,808	$ 3,252,295	$ 2,906,808
Other comprehensive income, before reclassifications	97,584			(41,863)			32,633	(29,729)
Income tax benefit (expense)	(8,078)			7,730			(1,648)	4,879
Other comprehensive income (loss), before reclassifications, net of tax	89,506			(34,133)			30,985	(24,850)
Reclassifications:	(66,073)			43,803			(32,471)	13,123
Income tax benefit	15,728			(10,285)			7,735	(3,083)
Reclassification from accumulated other comprehensive income, current period, net of tax	(50,345)			33,518			(24,736)	10,040
Other comprehensive income (loss)	39,161	(5,316)	(27,596)	(615)	(1,472)	(12,723)	6,249	(14,810)
Balance, end of period	3,425,112	3,433,316	3,336,086	3,311,270	3,189,856	3,095,849	3,425,112	3,311,270
Accumulated Other Comprehensive Loss
AOCI Attributable to Parent, Net of Tax
Balance, beginning of period	(337,874)	(332,558)	(304,962)	(356,124)	(354,652)	(341,929)	(304,962)	(341,929)
Other comprehensive income (loss)	39,161	(5,316)	(27,596)	(615)	(1,472)	(12,723)
Balance, end of period	(298,713)	(337,874)	(332,558)	(356,739)	(356,124)	(354,652)	(298,713)	(356,739)
Foreign currency translation adjustments
AOCI Attributable to Parent, Net of Tax
Balance, beginning of period	(106,928)		(68,739)	(89,787)		(80,271)	(68,739)	(80,271)
Other comprehensive income, before reclassifications	63,922			(12,355)			25,722	(24,675)
Income tax benefit (expense)	0			803			11	3,607
Other comprehensive income (loss), before reclassifications, net of tax	63,922			(11,552)			25,733	(21,068)
Other comprehensive income (loss)	63,922			(11,552)			25,733	(21,068)
Balance, end of period	(43,006)	(106,928)		(101,339)	(89,787)		(43,006)	(101,339)
Derivative financial instruments
AOCI Attributable to Parent, Net of Tax
Balance, beginning of period	323		(6,601)	(13,196)		(10,440)	(6,601)	(10,440)
Other comprehensive income, before reclassifications	33,662			(29,508)			6,911	(5,054)
Income tax benefit (expense)	(8,078)			6,927			(1,659)	1,272
Other comprehensive income (loss), before reclassifications, net of tax	25,584			(22,581)			5,252	(3,782)
Reclassifications:	(64,997)			45,059			(29,243)	16,891
Income tax benefit	15,473			(10,580)			6,975	(3,967)
Reclassification from accumulated other comprehensive income, current period, net of tax	(49,524)			34,479			(22,268)	12,924
Other comprehensive income (loss)	(23,940)			11,898			(17,016)	9,142
Balance, end of period	(23,617)	323		(1,298)	(13,196)		(23,617)	(1,298)
Pension and postretirement benefit plans
AOCI Attributable to Parent, Net of Tax
Balance, beginning of period	(231,269)		$ (229,622)	(253,141)		$ (251,218)	(229,622)	(251,218)
Reclassifications:	(1,076)			(1,256)			(3,228)	(3,768)
Income tax benefit	255			295			760	884
Reclassification from accumulated other comprehensive income, current period, net of tax	(821)			(961)			(2,468)	(2,884)
Other comprehensive income (loss)	(821)			(961)			(2,468)	(2,884)
Balance, end of period	(232,090)	$ (231,269)		(254,102)	$ (253,141)		(232,090)	(254,102)
Pension and Postretirement Benefit Plans - Prior Service Credits
AOCI Attributable to Parent, Net of Tax
Reclassifications:	337			22			1,011	66
Pension and Postretirement Benefit Plans - Actuarial Losses (Gains)
AOCI Attributable to Parent, Net of Tax
Reclassifications:	$ (1,413)			$ (1,278)			$ (4,239)	$ (3,834)

Reportable Segments - Schedule

Reportable Segments - Schedule of Selected Segment Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)
Segment Reporting [Abstract]
Number of reportable segments \| segment			3
Segment Reporting Information
Revenue	$ 881,213	$ 1,305,125	$ 3,717,375	$ 4,075,878
Selling, administrative and engineering expense	273,879	301,454	870,985	877,591
Operating income	105,796	209,285	609,976	800,232
Financial services revenue	269,482	243,934	781,818	707,390
Financial services expense	618,580	893,343	2,566,272	2,691,272
HDMC:
Segment Reporting Information
Revenue	876,405	1,296,981	3,701,417	4,052,946
Gross profit (loss)	263,813	410,690	1,158,010	1,385,190
Selling, administrative and engineering expense	208,676	235,437	666,522	679,864
Operating income	55,137	175,253	491,488	705,326
LiveWire
Segment Reporting Information
Revenue	4,808	8,144	15,958	22,932
Gross profit (loss)	(1,180)	1,092	(6,907)	(584)
Selling, administrative and engineering expense	24,905	26,435	76,587	81,290
Operating income	(26,085)	(25,343)	(83,494)	(81,874)
HDFS:
Segment Reporting Information
Operating income	76,744	59,375	201,982	176,780
Financial services revenue	269,482	243,934	781,818	707,390
Financial services expense	$ 192,738	$ 184,559	$ 579,836	$ 530,610

Reportable Segments - Additiona

Reportable Segments - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Segment Reporting Information
Assets	$ 13,026,659	$ 12,140,554	$ 12,462,216
Non-Financial Services Entities
Segment Reporting Information
Assets	3,700,000	3,600,000	3,500,000
LiveWire
Segment Reporting Information
Assets	200,000	300,000	300,000
Financial Services Entities
Segment Reporting Information
Assets	$ 9,200,000	$ 8,200,000	$ 8,600,000

Supplemental Consolidating Da_3

Supplemental Consolidating Data - Operations (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue:
Motorcycles and related products	$ 881,213			$ 1,305,125			$ 3,717,375	$ 4,075,878
Financial services revenue	269,482			243,934			781,818	707,390
Total revenue	1,150,695			1,549,059			4,499,193	4,783,268
Costs and expenses:
Motorcycles and related products cost of goods sold	618,580			893,343			2,566,272	2,691,272
Financial services interest expense	94,463			84,123			276,943	243,677
Financial services provision for credit losses	57,977			60,854			175,017	170,496
Selling, administrative and engineering expense	273,879			301,454			870,985	877,591
Total costs and expenses	1,044,899			1,339,774			3,889,217	3,983,036
Operating income	105,796			209,285			609,976	800,232
Other income, net	18,408			26,814			54,851	54,136
Investment income	16,450			9,868			45,665	31,044
Interest expense	7,707			7,688			23,066	23,104
Income before income taxes	132,947			238,279			687,426	862,308
Provision for income taxes	16,980			42,176			123,821	190,546
Net income	115,967	$ 215,406	$ 232,233	196,103	$ 173,830	$ 301,829	563,605	671,762
Less: (income) loss attributable to noncontrolling interests	3,073			2,546			8,644	9,016
Net income attributable to Harley-Davidson, Inc.	119,040			198,649			572,249	680,778
Reportable Legal Entities \| Non-Financial Services Entities
Revenue:
Motorcycles and related products	883,958			1,307,289			3,724,668	4,082,312
Financial services revenue	0			0			0	0
Total revenue	883,958			1,307,289			3,724,668	4,082,312
Costs and expenses:
Motorcycles and related products cost of goods sold	618,580			893,343			2,566,272	2,691,272
Financial services interest expense	0			0			0	0
Financial services provision for credit losses	0			0			0	0
Selling, administrative and engineering expense	234,002			262,444			744,663	762,963
Total costs and expenses	852,582			1,155,787			3,310,935	3,454,235
Operating income	31,376			151,502			413,733	628,077
Other income, net	18,408			26,814			54,851	54,136
Investment income	16,450			209,868			45,665	231,044
Interest expense	7,707			7,688			23,066	23,104
Income before income taxes	58,527			380,496			491,183	890,153
Provision for income taxes	(914)			27,867			76,648	150,265
Net income	59,441			352,629			414,535	739,888
Less: (income) loss attributable to noncontrolling interests	3,073			2,546			8,644	9,016
Net income attributable to Harley-Davidson, Inc.	62,514			355,175			423,179	748,904
Reportable Legal Entities \| Financial Services Entities
Revenue:
Motorcycles and related products	0			0			0	0
Financial services revenue	269,880			244,554			783,339	709,167
Total revenue	269,880			244,554			783,339	709,167
Costs and expenses:
Motorcycles and related products cost of goods sold	0			0			0	0
Financial services interest expense	94,463			84,123			276,943	243,677
Financial services provision for credit losses	57,977			60,854			175,017	170,496
Selling, administrative and engineering expense	43,042			41,745			135,169	122,871
Total costs and expenses	195,482			186,722			587,129	537,044
Operating income	74,398			57,832			196,210	172,123
Other income, net	0			0			0	0
Investment income	0			0			0	0
Interest expense	0			0			0	0
Income before income taxes	74,398			57,832			196,210	172,123
Provision for income taxes	17,894			14,309			47,173	40,281
Net income	56,504			43,523			149,037	131,842
Less: (income) loss attributable to noncontrolling interests	0			0			0	0
Net income attributable to Harley-Davidson, Inc.	56,504			43,523			149,037	131,842
Consolidating Adjustments
Revenue:
Motorcycles and related products	(2,745)			(2,164)			(7,293)	(6,434)
Financial services revenue	(398)			(620)			(1,521)	(1,777)
Total revenue	(3,143)			(2,784)			(8,814)	(8,211)
Costs and expenses:
Motorcycles and related products cost of goods sold	0			0			0	0
Financial services interest expense	0			0			0	0
Financial services provision for credit losses	0			0			0	0
Selling, administrative and engineering expense	(3,165)			(2,735)			(8,847)	(8,243)
Total costs and expenses	(3,165)			(2,735)			(8,847)	(8,243)
Operating income	22			(49)			33	32
Other income, net	0			0			0	0
Investment income	0			(200,000)			0	(200,000)
Interest expense	0			0			0	0
Income before income taxes	22			(200,049)			33	(199,968)
Provision for income taxes	0			0			0	0
Net income	22			(200,049)			33	(199,968)
Less: (income) loss attributable to noncontrolling interests	0			0			0	0
Net income attributable to Harley-Davidson, Inc.	$ 22			$ (200,049)			$ 33	$ (199,968)

Supplemental Consolidating Da_4

Supplemental Consolidating Data - Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 2,243,910			$ 1,533,806	$ 1,878,351
Accounts receivable, net	307,701			267,200	315,331
Finance receivables, net - current	2,300,551			2,113,729	2,101,965
Inventories, net	681,864			929,951	768,765
Restricted cash	147,910			104,642	130,838
Other current assets	208,000			214,401	227,556
Current assets	5,889,936			5,163,729	5,422,806
Finance receivables, net	5,499,836			5,384,536	5,553,259
Property, plant and equipment, net	728,467			731,724	703,304
Pension and postretirement assets	452,515			413,107	369,440
Goodwill	62,909			62,696	61,935
Deferred income taxes	169,290			161,184	144,764
Lease assets	69,837			69,650	69,034
Other long-term assets	153,869			153,928	137,674
Assets	13,026,659			12,140,554	12,462,216
Current liabilities:
Accounts payable	305,619			349,162	382,127
Accrued liabilities	626,352			646,859	586,134
Short-term deposits, net	178,638			253,309	250,987
Short-term debt	497,373			878,935	815,081
Current portion of long-term debt, net	2,561,535			1,255,999	638,496
Current liabilities	4,169,517			3,384,264	2,672,825
Long-term deposits, net	370,372			194,473	227,946
Long-term debt, net	4,739,507			4,990,586	5,856,005
Lease liabilities	51,955			51,848	52,238
Pension and postretirement liabilities	58,551			59,772	67,991
Deferred income taxes	33,493			33,514	29,528
Other long-term liabilities	178,152			173,802	244,413
Commitments and contingencies (Note 14)
Total equity	3,425,112	$ 3,433,316	$ 3,336,086	3,252,295	3,311,270	$ 3,189,856	$ 3,095,849	$ 2,906,808
Total liabilities and shareholders' equity	13,026,659			$ 12,140,554	12,462,216
Reportable Legal Entities \| Non-Financial Services Entities
Current assets:
Cash and cash equivalents	1,213,301				1,218,420
Accounts receivable, net	498,694				672,755
Finance receivables, net - current	0				0
Inventories, net	681,864				768,765
Restricted cash	0				0
Other current assets	167,555				172,174
Current assets	2,561,414				2,832,114
Finance receivables, net	0				0
Property, plant and equipment, net	713,603				682,350
Pension and postretirement assets	452,515				369,440
Goodwill	62,909				61,935
Deferred income taxes	77,990				54,972
Lease assets	66,304				65,327
Other long-term assets	223,749				223,757
Assets	4,158,484				4,289,895
Current liabilities:
Accounts payable	283,296				362,662
Accrued liabilities	491,697				461,725
Short-term deposits, net	0
Short-term debt	0				0
Current portion of long-term debt, net	449,759				0
Current liabilities	1,224,752				824,387
Long-term deposits, net	0				0
Long-term debt, net	296,859				745,900
Lease liabilities	48,821				48,572
Pension and postretirement liabilities	58,551				67,991
Deferred income taxes	30,266				27,116
Other long-term liabilities	147,563				144,405
Commitments and contingencies (Note 14)
Total equity	2,351,672				2,431,524
Total liabilities and shareholders' equity	4,158,484				4,289,895
Reportable Legal Entities \| Financial Services Entities
Current assets:
Cash and cash equivalents	1,030,609				659,931
Accounts receivable, net	60				8
Finance receivables, net - current	2,300,551				2,101,965
Inventories, net	0				0
Restricted cash	147,910				130,838
Other current assets	58,209				59,920
Current assets	3,537,339				2,952,662
Finance receivables, net	5,499,836				5,553,259
Property, plant and equipment, net	14,864				20,954
Pension and postretirement assets	0				0
Goodwill	0				0
Deferred income taxes	92,208				90,976
Lease assets	3,533				3,707
Other long-term assets	46,247				26,765
Assets	9,194,027				8,648,323
Current liabilities:
Accounts payable	213,376				376,897
Accrued liabilities	151,907				128,585
Short-term deposits, net	178,638				250,987
Short-term debt	497,373				815,081
Current portion of long-term debt, net	2,111,776				638,496
Current liabilities	3,153,070				2,210,046
Long-term deposits, net	370,372				227,946
Long-term debt, net	4,442,648				5,110,105
Lease liabilities	3,134				3,666
Pension and postretirement liabilities	0				0
Deferred income taxes	3,227				2,412
Other long-term liabilities	28,697				98,041
Commitments and contingencies (Note 14)
Total equity	1,192,879				996,107
Total liabilities and shareholders' equity	9,194,027				8,648,323
Consolidating Adjustments
Current assets:
Cash and cash equivalents	0				0
Accounts receivable, net	(191,053)				(357,432)
Finance receivables, net - current	0				0
Inventories, net	0				0
Restricted cash	0				0
Other current assets	(17,764)				(4,538)
Current assets	(208,817)				(361,970)
Finance receivables, net	0				0
Property, plant and equipment, net	0				0
Pension and postretirement assets	0				0
Goodwill	0				0
Deferred income taxes	(908)				(1,184)
Lease assets	0				0
Other long-term assets	(116,127)				(112,848)
Assets	(325,852)				(476,002)
Current liabilities:
Accounts payable	(191,053)				(357,432)
Accrued liabilities	(17,252)				(4,176)
Short-term deposits, net	0
Short-term debt	0				0
Current portion of long-term debt, net	0				0
Current liabilities	(208,305)				(361,608)
Long-term deposits, net	0				0
Long-term debt, net	0				0
Lease liabilities	0				0
Pension and postretirement liabilities	0				0
Deferred income taxes	0				0
Other long-term liabilities	1,892				1,967
Commitments and contingencies (Note 14)
Total equity	(119,439)				(116,361)
Total liabilities and shareholders' equity	$ (325,852)				$ (476,002)

Supplemental Consolidating Da_5

Supplemental Consolidating Data - Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 115,967	$ 215,406	$ 232,233	$ 196,103	$ 173,830	$ 301,829	$ 563,605	$ 671,762
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization							119,568	112,592
Amortization of deferred loan origination costs							54,461	65,996
Amortization of financing origination fees							10,363	9,734
Provision for long-term employee benefits							(40,076)	(50,373)
Employee benefit plan contributions and payments							(3,781)	(2,668)
Stock compensation expense							39,820	64,538
Net change in wholesale finance receivables related to sales							(211,800)	(392,817)
Provision for credit losses							175,017	170,496
Deferred income taxes							(1,815)	(8,455)
Other, net							19,557	(19,738)
Changes in current assets and liabilities:
Accounts receivable, net							(36,529)	(72,084)
Finance receivables – accrued interest and other							2,325	2,366
Inventories, net							253,373	160,742
Accounts payable and accrued liabilities							(12,903)	14,453
Other current assets							(530)	(19,777)
Total adjustments							367,050	35,005
Net cash provided by operating activities							930,655	706,767
Cash flows from investing activities:
Capital expenditures							(140,424)	(138,902)
Origination of finance receivables							(3,002,737)	(3,162,957)
Collections on finance receivables							2,657,149	2,789,848
Other investing activities							(165)	878
Net cash used by investing activities							(486,177)	(511,133)
Cash flows from financing activities:
Proceeds from issuance of medium-term notes							495,856	1,446,304
Repayments of medium-term notes							0	(1,056,680)
Proceeds from securitization debt							1,145,211	1,045,547
Repayments of securitization debt							(782,161)	(930,608)
Borrowings of asset-backed commercial paper							366,171	42,429
Repayments of asset-backed commercial paper							(195,709)	(187,599)
Net (decrease) increase in unsecured commercial paper							(387,392)	43,523
Net increase in deposits							100,737	161,157
Dividends paid							(69,454)	(72,775)
Repurchase of common stock							(359,810)	(239,428)
Other financing activities							11	1,706
Net cash provided by financing activities							313,460	253,576
Effect of exchange rate changes on cash, cash equivalents and restricted cash							198	(8,415)
Net increase in cash, cash equivalents and restricted cash							758,136	440,795
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period			1,648,811			1,579,177	1,648,811	1,579,177
Net (decrease) increase in cash, cash equivalents and restricted cash							758,136	440,795
Cash, cash equivalents and restricted cash, end of period	2,406,947			2,019,972			2,406,947	2,019,972
Reportable Legal Entities \| Non-Financial Services Entities
Cash flows from operating activities:
Net income	59,441			352,629			414,535	739,888
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization							112,605	105,824
Amortization of deferred loan origination costs							0	0
Amortization of financing origination fees							540	532
Provision for long-term employee benefits							(40,076)	(50,373)
Employee benefit plan contributions and payments							(3,781)	(2,668)
Stock compensation expense							38,234	61,642
Net change in wholesale finance receivables related to sales							0	0
Provision for credit losses							0	0
Deferred income taxes							3,347	147
Other, net							15,505	(15,606)
Changes in current assets and liabilities:
Accounts receivable, net							(79,746)	(312,549)
Finance receivables – accrued interest and other							0	0
Inventories, net							253,373	160,742
Accounts payable and accrued liabilities							(35,743)	(10,440)
Other current assets							(23,008)	(24,418)
Total adjustments							241,250	(87,167)
Net cash provided by operating activities							655,785	652,721
Cash flows from investing activities:
Capital expenditures							(139,295)	(135,768)
Origination of finance receivables							0	0
Collections on finance receivables							0	0
Other investing activities							(1,165)	(1,622)
Net cash used by investing activities							(140,460)	(137,390)
Cash flows from financing activities:
Proceeds from issuance of medium-term notes							0	0
Repayments of medium-term notes								0
Proceeds from securitization debt							0	0
Repayments of securitization debt							0	0
Borrowings of asset-backed commercial paper							0	0
Repayments of asset-backed commercial paper							0	0
Net (decrease) increase in unsecured commercial paper							0	0
Net increase in deposits							0	0
Dividends paid							(69,454)	(72,775)
Repurchase of common stock							(359,810)	(239,428)
Other financing activities							11	1,706
Net cash provided by financing activities							(429,253)	(310,497)
Effect of exchange rate changes on cash, cash equivalents and restricted cash							(171)	(8,212)
Net increase in cash, cash equivalents and restricted cash							85,901	196,622
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period			1,127,400			1,021,798	1,127,400	1,021,798
Net (decrease) increase in cash, cash equivalents and restricted cash							85,901	196,622
Cash, cash equivalents and restricted cash, end of period	1,213,301			1,218,420			1,213,301	1,218,420
Reportable Legal Entities \| Financial Services Entities
Cash flows from operating activities:
Net income	56,504			43,523			149,037	131,842
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization							6,963	6,768
Amortization of deferred loan origination costs							54,461	65,996
Amortization of financing origination fees							9,823	9,202
Provision for long-term employee benefits							0	0
Employee benefit plan contributions and payments							0	0
Stock compensation expense							1,586	2,896
Net change in wholesale finance receivables related to sales							0	0
Provision for credit losses							175,017	170,496
Deferred income taxes							(4,724)	(8,764)
Other, net							4,085	(4,099)
Changes in current assets and liabilities:
Accounts receivable, net							0	0
Finance receivables – accrued interest and other							2,325	2,366
Inventories, net							0	0
Accounts payable and accrued liabilities							53,591	257,748
Other current assets							12,295	4,645
Total adjustments							315,422	507,254
Net cash provided by operating activities							464,459	639,096
Cash flows from investing activities:
Capital expenditures							(1,129)	(3,134)
Origination of finance receivables							(5,671,416)	(6,035,046)
Collections on finance receivables							5,136,239	5,276,887
Other investing activities							0	0
Net cash used by investing activities							(536,306)	(761,293)
Cash flows from financing activities:
Proceeds from issuance of medium-term notes							495,856	1,446,304
Repayments of medium-term notes								(1,056,680)
Proceeds from securitization debt							1,145,211	1,045,547
Repayments of securitization debt							(782,161)	(930,608)
Borrowings of asset-backed commercial paper							366,171	42,429
Repayments of asset-backed commercial paper							(195,709)	(187,599)
Net (decrease) increase in unsecured commercial paper							(387,392)	43,523
Net increase in deposits							100,737	161,157
Dividends paid							0	(200,000)
Repurchase of common stock							0	0
Other financing activities							1,000	2,500
Net cash provided by financing activities							743,713	366,573
Effect of exchange rate changes on cash, cash equivalents and restricted cash							369	(203)
Net increase in cash, cash equivalents and restricted cash							672,235	244,173
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period			521,411			557,379	521,411	557,379
Net (decrease) increase in cash, cash equivalents and restricted cash							672,235	244,173
Cash, cash equivalents and restricted cash, end of period	1,193,646			801,552			1,193,646	801,552
Consolidating Adjustments
Cash flows from operating activities:
Net income	22			(200,049)			33	(199,968)
Adjustments to reconcile Net income to Net cash provided by operating activities:
Depreciation and amortization							0	0
Amortization of deferred loan origination costs							0	0
Amortization of financing origination fees							0	0
Provision for long-term employee benefits							0	0
Employee benefit plan contributions and payments							0	0
Stock compensation expense							0	0
Net change in wholesale finance receivables related to sales							(211,800)	(392,817)
Provision for credit losses							0	0
Deferred income taxes							(438)	162
Other, net							(33)	(33)
Changes in current assets and liabilities:
Accounts receivable, net							43,217	240,465
Finance receivables – accrued interest and other							0	0
Inventories, net							0	0
Accounts payable and accrued liabilities							(30,751)	(232,855)
Other current assets							10,183	(4)
Total adjustments							(189,622)	(385,082)
Net cash provided by operating activities							(189,589)	(585,050)
Cash flows from investing activities:
Capital expenditures							0	0
Origination of finance receivables							2,668,679	2,872,089
Collections on finance receivables							(2,479,090)	(2,487,039)
Other investing activities							1,000	2,500
Net cash used by investing activities							190,589	387,550
Cash flows from financing activities:
Proceeds from issuance of medium-term notes							0	0
Repayments of medium-term notes								0
Proceeds from securitization debt							0	0
Repayments of securitization debt							0	0
Borrowings of asset-backed commercial paper							0	0
Repayments of asset-backed commercial paper							0	0
Net (decrease) increase in unsecured commercial paper							0	0
Net increase in deposits							0	0
Dividends paid							0	200,000
Repurchase of common stock							0	0
Other financing activities							(1,000)	(2,500)
Net cash provided by financing activities							(1,000)	197,500
Effect of exchange rate changes on cash, cash equivalents and restricted cash							0	0
Net increase in cash, cash equivalents and restricted cash							0	0
Cash, cash equivalents and restricted cash:
Cash, cash equivalents and restricted cash, beginning of period			$ 0			$ 0	0	0
Net (decrease) increase in cash, cash equivalents and restricted cash							0	0
Cash, cash equivalents and restricted cash, end of period	$ 0			$ 0			$ 0	$ 0