v3.26.1
Accumulated Other Comprehensive Loss (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Loss
Changes in Accumulated other comprehensive loss were as follows (in thousands):
Three months ended June 30, 2026
Accumulated Other Comprehensive Loss Attributable to Harley-Davidson, Inc.
Foreign currency translation adjustmentsDerivative financial instruments
Available for sale securities
Pension and postretirement benefit plansTotalAccumulated Other Comprehensive Loss Attributable to Noncontrolling InterestsTotal Accumulated Other Comprehensive Loss
Balance, beginning of period$(53,378)$(2,525)$(216)$(215,985)$(272,104)$3,060 $(269,044)
Other comprehensive (loss) income, before reclassifications(11,606)4,981 (391)— (7,016)(414)$(7,430)
Income tax (expense) benefit
— (1,124)255 — (869)— (869)
(11,606)3,857 (136)— (7,885)(414)(8,299)
Reclassifications:
Net loss on derivative financial instruments
— 7,963 — — 7,963 — 7,963 
Net gains on available for sale securities— — (33)— (33)— (33)
Prior service credits(a)
— — — 401 401 — 401 
Actuarial gains(a)
— — — (508)(508)— (508)
Reclassifications before tax— 7,963 (33)(107)7,823 — 7,823 
Income tax (expense) benefit
— (2,055)25 (2,022)— (2,022)
— 5,908 (25)(82)5,801 — 5,801 
Other comprehensive (loss) income
(11,606)9,765 (161)(82)(2,084)(414)(2,498)
Balance, end of period$(64,984)$7,240 $(377)$(216,067)$(274,188)$2,646 $(271,542)
Three months ended June 30, 2025
Accumulated Other Comprehensive Loss Attributable to Harley-Davidson, Inc.
Foreign currency translation adjustmentsDerivative financial instruments
Available for sale securities
Pension and postretirement benefit plansTotalAccumulated Other Comprehensive Loss Attributable to Noncontrolling InterestsTotal Accumulated Other Comprehensive Loss
Balance, beginning of period$(83,737)$(4,523)$— $(249,923)$(338,183)$— $(338,183)
Other comprehensive income, before reclassifications
46,296 114,628 — — 160,924 — 160,924 
Income tax expense
— (27,412)— — (27,412)— (27,412)
46,296 87,216 — — 133,512 — 133,512 
Reclassifications:
Net gain on derivative financial instruments
— (122,059)— — (122,059)— (122,059)
Prior service credits(a)
— — — 529 529 — 529 
Actuarial gains(a)
— — — (1,543)(1,543)— (1,543)
Reclassifications before tax— (122,059)— (1,014)(123,073)— (123,073)
Income tax benefit
— 29,084 — 238 29,322 — 29,322 
— (92,975)— (776)(93,751)— (93,751)
Other comprehensive income (loss)
46,296 (5,759)— (776)39,761 — 39,761 
Balance, end of period$(37,441)$(10,282)$— $(250,699)$(298,422)$— $(298,422)
(a)    Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 13.
Six months ended June 30, 2026
Accumulated Other Comprehensive Loss Attributable to Harley-Davidson, Inc.
Foreign currency translation adjustmentsDerivative financial instruments
Available for sale securities
Pension and postretirement benefit plansTotalAccumulated Other Comprehensive Loss Attributable to Noncontrolling InterestsTotal Accumulated Other Comprehensive Loss
Balance, beginning of period$(25,994)$(15,417)$176 $(215,902)$(257,137)$3,060 $(254,077)
Other comprehensive income, before reclassifications
(38,990)4,516 (698)— (35,172)(414)(35,586)
Income tax (expense) benefit— (1,431)170 — (1,261)— (1,261)
(38,990)3,085 (528)— (36,433)(414)(36,847)
Reclassifications:
Net losses on derivative financial instruments— 25,423 — — 25,423 — 25,423 
Net gains on available for sale securities— — (33)— (33)— (33)
Prior service credits(a)
— — — 802 802 — 802 
Actuarial gains(a)
— — — (1,016)(1,016)— (1,016)
Reclassifications before tax— 25,423 (33)(214)25,176 — 25,176 
Income tax (expense) benefit— (5,851)49 (5,794)— (5,794)
— 19,572 (25)(165)19,382 — 19,382 
Other comprehensive income (loss)
(38,990)22,657 (553)(165)(17,051)(414)(17,465)
Balance, end of period$(64,984)$7,240 $(377)$(216,067)$(274,188)$2,646 $(271,542)
Six months ended June 30, 2025
Accumulated Other Comprehensive Loss Attributable to Harley-Davidson, Inc.
Foreign currency translation adjustmentsDerivative financial instrumentsAvailable for sale securitiesPension and postretirement benefit plansTotalAccumulated Other Comprehensive Loss Attributable to Noncontrolling InterestsTotal Accumulated Other Comprehensive Loss
Balance, beginning of period$(91,102)$7,542 $— $(249,146)$(332,706)$— $(332,706)
Other comprehensive income, before reclassifications55,668 136,263 — — 191,931 — 191,931 
Income tax expense(2,007)(32,602)— — (34,609)— (34,609)
53,661 103,661 — — 157,322 — 157,322 
Reclassifications:
Net gain on derivative financial instruments— (159,479)— — (159,479)— (159,479)
Prior service credits(a)
— — — 1,058 1,058 — 1,058 
Actuarial gains(a)
— — — (3,086)(3,086)— (3,086)
Reclassifications before tax— (159,479)— (2,028)(161,507)— (161,507)
Income tax benefit— 37,994 — 475 38,469 — 38,469 
— (121,485)— (1,553)(123,038)— (123,038)
Other comprehensive income (loss)53,661 (17,824)— (1,553)34,284 — 34,284 
Balance, end of period$(37,441)$(10,282)$— $(250,699)$(298,422)$— $(298,422)
(a)Amounts reclassified are included in the computation of net periodic benefit (income) cost, discussed further in Note 13.