v3.26.3
Employee Benefit Plans
 9 Months Ended
Sep. 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 endedNine months ended
September 30,
2026		September 30,
2025		September 30,
2026		September 30,
2025
Pension and SERPA Benefits:
Service cost$878 $963 $2,634 $2,889 
Interest cost19,946 20,501 59,838 61,505 
Expected return on plan assets(30,444)(32,799)(91,332)(98,397)
Amortization of unrecognized:
Prior service cost
252 380 756 1,140 
Net gain (loss)
1,054 (174)3,162 (522)
Special retirement benefit cost
— — 2,952 — 
Net periodic benefit income$(8,314)$(11,129)$(21,990)$(33,385)
Postretirement Healthcare Benefits:
Service cost$532 $643 $1,596 $1,929 
Interest cost2,243 2,618 6,729 7,854 
Expected return on plan assets(4,736)(4,675)(14,208)(14,025)
Amortization of unrecognized:
Prior service cost
149 149 447 447 
Net loss(1,562)(1,369)(4,686)(4,107)
Net periodic benefit income$(3,374)$(2,634)$(10,122)$(7,902)
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.