v3.26.1
Employee Benefit Plans
 6 Months Ended
Jun. 30, 2026
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 endedSix months ended
June 30,
2026		June 30,
2025		June 30,
2026		June 30,
2025
Pension and SERPA Benefits:
Service cost$878 $963 $1,756 $1,926 
Interest cost19,944 20,501 39,892 41,002 
Expected return on plan assets(30,444)(32,799)(60,888)(65,598)
Amortization of unrecognized:
Prior service cost
252 380 504 760 
Net gain (loss)
1,054 (174)2,108 (348)
Special retirement benefit cost
2,952 — 2,952 — 
Net periodic benefit income$(5,364)$(11,129)$(13,676)$(22,258)
Postretirement Healthcare Benefits:
Service cost$532 $643 $1,064 $1,286 
Interest cost2,243 2,618 4,486 5,236 
Expected return on plan assets(4,736)(4,675)(9,472)(9,350)
Amortization of unrecognized:
Prior service cost
149 149 298 298 
Net gain
(1,562)(1,369)(3,124)(2,738)
Net periodic benefit income$(3,374)$(2,634)$(6,748)$(5,268)
There are no required or planned voluntary qualified pension plan contributions for 2026. The Company expects it will continue to make ongoing benefit payments under the SERPA and postretirement healthcare plans.