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Supplemental Consolidating Data (Tables) | 6 Months Ended
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Jun. 26, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Operations |
| Three months ended June 26, 2016
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 1,673,379 |  |  | $ | — |  |  | $ | (3,266 | ) |  | $ | 1,670,113 |
Financial Services | — |  |  | 191,935 |  |  | (971 | ) |  | 190,964 |
Total revenue | 1,673,379 |  |  | 191,935 |  |  | (4,237 | ) |  | 1,861,077 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 1,062,555 |  |  | — |  |  | — |  |  | 1,062,555 |
Financial Services interest expense | — |  |  | 42,895 |  |  | — |  |  | 42,895 |
Financial Services provision for credit losses | — |  |  | 23,461 |  |  | — |  |  | 23,461 |
Selling, administrative and engineering expense | 285,367 |  |  | 38,301 |  |  | (3,824 | ) |  | 319,844 |
Total costs and expenses | 1,347,922 |  |  | 104,657 |  |  | (3,824 | ) |  | 1,448,755 |
Operating income | 325,457 |  |  | 87,278 |  |  | (413 | ) |  | 412,322 |
Investment income | 43,688 |  |  | — |  |  | (43,000 | ) |  | 688 |
Interest expense | 7,094 |  |  | — |  |  | — |  |  | 7,094 |
Income before provision for income taxes | 362,051 |  |  | 87,278 |  |  | (43,413 | ) |  | 405,916 |
Provision for income taxes | 93,788 |  |  | 31,697 |  |  | — |  |  | 125,485 |
Net income | $ | 268,263 |  |  | $ | 55,581 |  |  | $ | (43,413 | ) |  | $ | 280,431 |
| Six months ended June 26, 2016
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 3,252,018 |  |  | $ | — |  |  | $ | (5,295 | ) |  | $ | 3,246,723 |
Financial Services | — |  |  | 365,456 |  |  | (1,134 | ) |  | 364,322 |
Total revenue | 3,252,018 |  |  | 365,456 |  |  | (6,429 | ) |  | 3,611,045 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 2,048,885 |  |  | — |  |  | — |  |  | 2,048,885 |
Financial Services interest expense | — |  |  | 88,814 |  |  | — |  |  | 88,814 |
Financial Services provision for credit losses | — |  |  | 60,584 |  |  | — |  |  | 60,584 |
Selling, administrative and engineering expense | 543,598 |  |  | 74,275 |  |  | (6,261 | ) |  | 611,612 |
Total costs and expenses | 2,592,483 |  |  | 223,673 |  |  | (6,261 | ) |  | 2,809,895 |
Operating income | 659,535 |  |  | 141,783 |  |  | (168 | ) |  | 801,150 |
Investment income | 184,454 |  |  | — |  |  | (183,000 | ) |  | 1,454 |
Interest expense | 14,262 |  |  | — |  |  | — |  |  | 14,262 |
Income before provision for income taxes | 829,727 |  |  | 141,783 |  |  | (183,168 | ) |  | 788,342 |
Provision for income taxes | 204,361 |  |  | 53,061 |  |  | — |  |  | 257,422 |
Net income | $ | 625,366 |  |  | $ | 88,722 |  |  | $ | (183,168 | ) |  | $ | 530,920 |
| Three months ended June 28, 2015
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 1,653,759 |  |  | $ | — |  |  | $ | (2,976 | ) |  | $ | 1,650,783 |
Financial Services | — |  |  | 174,147 |  |  | (538 | ) |  | 173,609 |
Total revenue | 1,653,759 |  |  | 174,147 |  |  | (3,514 | ) |  | 1,824,392 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 1,003,569 |  |  | — |  |  | — |  |  | 1,003,569 |
Financial Services interest expense | — |  |  | 41,188 |  |  | — |  |  | 41,188 |
Financial Services provision for credit losses | — |  |  | 15,175 |  |  | — |  |  | 15,175 |
Selling, administrative and engineering expense | 267,149 |  |  | 38,309 |  |  | (3,514 | ) |  | 301,944 |
Total costs and expenses | 1,270,718 |  |  | 94,672 |  |  | (3,514 | ) |  | 1,361,876 |
Operating income | 383,041 |  |  | 79,475 |  |  | — |  |  | 462,516 |
Investment income | 1,450 |  |  | — |  |  | — |  |  | 1,450 |
Interest expense | 9 |  |  | — |  |  | — |  |  | 9 |
Income before provision for income taxes | 384,482 |  |  | 79,475 |  |  | — |  |  | 463,957 |
Provision for income taxes | 134,633 |  |  | 29,514 |  |  | — |  |  | 164,147 |
Net income | $ | 249,849 |  |  | $ | 49,961 |  |  | $ | — |  |  | $ | 299,810 |
| Six months ended June 28, 2015
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 3,166,641 |  |  | $ | — |  |  | $ | (5,288 | ) |  | $ | 3,161,353 |
Financial Services | — |  |  | 336,837 |  |  | (853 | ) |  | 335,984 |
Total revenue | 3,166,641 |  |  | 336,837 |  |  | (6,141 | ) |  | 3,497,337 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 1,923,864 |  |  | — |  |  | — |  |  | 1,923,864 |
Financial Services interest expense | — |  |  | 79,724 |  |  | — |  |  | 79,724 |
Financial Services provision for credit losses | — |  |  | 41,422 |  |  | — |  |  | 41,422 |
Selling, administrative and engineering expense | 512,284 |  |  | 73,550 |  |  | (6,141 | ) |  | 579,693 |
Total costs and expenses | 2,436,148 |  |  | 194,696 |  |  | (6,141 | ) |  | 2,624,703 |
Operating income | 730,493 |  |  | 142,141 |  |  | — |  |  | 872,634 |
Investment income | 102,772 |  |  | — |  |  | (100,000 | ) |  | 2,772 |
Interest expense | 18 |  |  | — |  |  | — |  |  | 18 |
Income before provision for income taxes | 833,247 |  |  | 142,141 |  |  | (100,000 | ) |  | 875,388 |
Provision for income taxes | 256,149 |  |  | 49,575 |  |  | — |  |  | 305,724 |
Net income | $ | 577,098 |  |  | $ | 92,566 |  |  | $ | (100,000 | ) |  | $ | 569,664 |
Balance Sheet |
| June 26, 2016
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 445,662 |  |  | $ | 419,008 |  |  | $ | — |  |  | $ | 864,670 |
Marketable securities | 5,070 |  |  | — |  |  | — |  |  | 5,070 |
Accounts receivable, net | 816,439 |  |  | — |  |  | (504,483 | ) |  | 311,956 |
Finance receivables, net | — |  |  | 2,457,974 |  |  | — |  |  | 2,457,974 |
Inventories | 371,196 |  |  | — |  |  | — |  |  | 371,196 |
Restricted cash | — |  |  | 78,078 |  |  | — |  |  | 78,078 |
Deferred income taxes | 60,497 |  |  | 55,717 |  |  | — |  |  | 116,214 |
Other current assets | 124,923 |  |  | 38,203 |  |  | (9,260 | ) |  | 153,866 |
Total current assets | 1,823,787 |  |  | 3,048,980 |  |  | (513,743 | ) |  | 4,359,024 |
Finance receivables, net | — |  |  | 4,824,071 |  |  | — |  |  | 4,824,071 |
Property, plant and equipment, net | 916,388 |  |  | 34,921 |  |  | — |  |  | 951,309 |
Goodwill | 54,542 |  |  | — |  |  | — |  |  | 54,542 |
Deferred income taxes | 76,194 |  |  | 8,555 |  |  | (1,702 | ) |  | 83,047 |
Other long-term assets | 133,540 |  |  | 24,744 |  |  | (81,837 | ) |  | 76,447 |
| $ | 3,004,451 |  |  | $ | 7,941,271 |  |  | $ | (597,282 | ) |  | $ | 10,348,440 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable | $ | 239,380 |  |  | $ | 538,799 |  |  | $ | (504,483 | ) |  | $ | 273,696 |
Accrued liabilities | 397,645 |  |  | 97,150 |  |  | (8,984 | ) |  | 485,811 |
Short-term debt | — |  |  | 1,020,487 |  |  | — |  |  | 1,020,487 |
Current portion of long-term debt, net | — |  |  | 732,773 |  |  | — |  |  | 732,773 |
Total current liabilities | 637,025 |  |  | 2,389,209 |  |  | (513,467 | ) |  | 2,512,767 |
Long-term debt, net | 740,982 |  |  | 4,567,081 |  |  | — |  |  | 5,308,063 |
Pension liability | 129,465 |  |  | — |  |  | — |  |  | 129,465 |
Postretirement healthcare benefits | 188,846 |  |  | — |  |  | — |  |  | 188,846 |
Other long-term liabilities | 157,835 |  |  | 27,621 |  |  | 2,836 |  |  | 188,292 |
Shareholders’ equity | 1,150,298 |  |  | 957,360 |  |  | (86,651 | ) |  | 2,021,007 |
| $ | 3,004,451 |  |  | $ | 7,941,271 |  |  | $ | (597,282 | ) |  | $ | 10,348,440 |
| December 31, 2015
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 400,443 |  |  | $ | 321,766 |  |  | $ | — |  |  | $ | 722,209 |
Marketable securities | 45,192 |  |  | — |  |  | — |  |  | 45,192 |
Accounts receivable, net | 390,799 |  |  | — |  |  | (143,394 | ) |  | 247,405 |
Finance receivables, net | — |  |  | 2,053,582 |  |  | — |  |  | 2,053,582 |
Inventories | 585,907 |  |  | — |  |  | — |  |  | 585,907 |
Restricted cash | — |  |  | 88,267 |  |  | — |  |  | 88,267 |
Deferred income taxes | 56,319 |  |  | 46,450 |  |  | — |  |  | 102,769 |
Other current assets | 90,824 |  |  | 43,807 |  |  | (2,079 | ) |  | 132,552 |
Total current assets | 1,569,484 |  |  | 2,553,872 |  |  | (145,473 | ) |  | 3,977,883 |
Finance receivables, net | — |  |  | 4,814,571 |  |  | — |  |  | 4,814,571 |
Property, plant and equipment, net | 906,972 |  |  | 35,446 |  |  | — |  |  | 942,418 |
Goodwill | 54,182 |  |  | — |  |  | — |  |  | 54,182 |
Deferred income taxes | 86,075 |  |  | 15,681 |  |  | (2,142 | ) |  | 99,614 |
Other long-term assets | 133,753 |  |  | 31,158 |  |  | (80,602 | ) |  | 84,309 |
| $ | 2,750,466 |  |  | $ | 7,450,728 |  |  | $ | (228,217 | ) |  | $ | 9,972,977 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable | $ | 220,050 |  |  | $ | 158,958 |  |  | $ | (143,394 | ) |  | $ | 235,614 |
Accrued liabilities | 387,137 |  |  | 89,048 |  |  | (4,221 | ) |  | 471,964 |
Short-term debt | — |  |  | 1,201,380 |  |  | — |  |  | 1,201,380 |
Current portion of long-term debt | — |  |  | 838,349 |  |  | — |  |  | 838,349 |
Total current liabilities | 607,187 |  |  | 2,287,735 |  |  | (147,615 | ) |  | 2,747,307 |
Long-term debt | 740,653 |  |  | 4,091,816 |  |  | — |  |  | 4,832,469 |
Pension liability | 164,888 |  |  | — |  |  | — |  |  | 164,888 |
Postretirement healthcare benefits | 193,659 |  |  | — |  |  | — |  |  | 193,659 |
Other long-term liabilities | 166,440 |  |  | 28,560 |  |  | — |  |  | 195,000 |
Shareholders’ equity | 877,639 |  |  | 1,042,617 |  |  | (80,602 | ) |  | 1,839,654 |
| $ | 2,750,466 |  |  | $ | 7,450,728 |  |  | $ | (228,217 | ) |  | $ | 9,972,977 |
| June 28, 2015
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 828,289 |  |  | $ | 419,290 |  |  | $ | — |  |  | $ | 1,247,579 |
Marketable securities | 52,516 |  |  | — |  |  | — |  |  | 52,516 |
Accounts receivable, net | 743,341 |  |  | — |  |  | (465,772 | ) |  | 277,569 |
Finance receivables, net | — |  |  | 2,331,723 |  |  | — |  |  | 2,331,723 |
Inventories | 395,044 |  |  | — |  |  | — |  |  | 395,044 |
Restricted cash | — |  |  | 136,760 |  |  | — |  |  | 136,760 |
Deferred income taxes | 51,667 |  |  | 43,111 |  |  | — |  |  | 94,778 |
Other current assets | 126,856 |  |  | 34,029 |  |  | (6,876 | ) |  | 154,009 |
Total current assets | 2,197,713 |  |  | 2,964,913 |  |  | (472,648 | ) |  | 4,689,978 |
Finance receivables, net | — |  |  | 4,816,772 |  |  | — |  |  | 4,816,772 |
Property, plant and equipment, net | 841,361 |  |  | 31,646 |  |  | — |  |  | 873,007 |
Goodwill | 26,105 |  |  | — |  |  | — |  |  | 26,105 |
Deferred income taxes | 57,587 |  |  | 10,861 |  |  | (1,693 | ) |  | 66,755 |
Other long-term assets | 121,264 |  |  | 34,576 |  |  | (79,263 | ) |  | 76,577 |
| $ | 3,244,030 |  |  | $ | 7,858,768 |  |  | $ | (553,604 | ) |  | $ | 10,549,194 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable | $ | 306,335 |  |  | $ | 567,073 |  |  | $ | (465,772 | ) |  | $ | 407,636 |
Accrued liabilities | 369,467 |  |  | 87,839 |  |  | (8,569 | ) |  | 448,737 |
Short-term debt | — |  |  | 114,983 |  |  | — |  |  | 114,983 |
Current portion of long-term debt | — |  |  | 1,544,956 |  |  | — |  |  | 1,544,956 |
Total current liabilities | 675,802 |  |  | 2,314,851 |  |  | (474,341 | ) |  | 2,516,312 |
Long-term debt | — |  |  | 4,551,083 |  |  | — |  |  | 4,551,083 |
Pension liability | 66,786 |  |  | — |  |  | — |  |  | 66,786 |
Postretirement healthcare liability | 196,369 |  |  | — |  |  | — |  |  | 196,369 |
Other long-term liabilities | 168,043 |  |  | 26,974 |  |  | — |  |  | 195,017 |
Shareholders’ equity | 2,137,030 |  |  | 965,860 |  |  | (79,263 | ) |  | 3,023,627 |
| $ | 3,244,030 |  |  | $ | 7,858,768 |  |  | $ | (553,604 | ) |  | $ | 10,549,194 |
Cash Flows |
| Six months ended June 26, 2016
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |
Net income | $ | 625,366 |  |  | $ | 88,722 |  |  | $ | (183,168 | ) |  | $ | 530,920 |
Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |  |  |
Depreciation and amortization of intangibles | 97,025 |  |  | 3,931 |  |  | — |  |  | 100,956 |
Amortization of deferred loan origination costs | — |  |  | 43,555 |  |  | — |  |  | 43,555 |
Amortization of financing origination fees | 330 |  |  | 4,816 |  |  | — |  |  | 5,146 |
Provision for employee long-term benefits | 18,405 |  |  | — |  |  | — |  |  | 18,405 |
Employee benefit plan contributions and payments | (35,189 | ) |  | — |  |  | — |  |  | (35,189 | )
Stock compensation expense | 14,562 |  |  | 1,235 |  |  | — |  |  | 15,797 |
Net change in wholesale finance receivables related to sales | — |  |  | — |  |  | (442,254 | ) |  | (442,254 | )
Provision for credit losses | — |  |  | 60,584 |  |  | — |  |  | 60,584 |
Gain on off-balance sheet securitization | — |  |  | (9,269 | ) |  | — |  |  | (9,269 | )
Pension plan settlement expense | 600 |  |  | — |  |  | — |  |  | 600 |
Deferred income taxes | 798 |  |  | (3,906 | ) |  | (440 | ) |  | (3,548 | )
Foreign currency adjustments | (7,966 | ) |  | — |  |  | — |  |  | (7,966 | )
Other, net | (12,539 | ) |  | (171 | ) |  | 168 |  |  | (12,542 | )
Change in current assets and current liabilities: |  |  |  |  |  |  |
Accounts receivable, net | (416,198 | ) |  | — |  |  | 361,089 |  |  | (55,109 | )
Finance receivables—accrued interest and other | — |  |  | (125 | ) |  | — |  |  | (125 | )
Inventories | 225,586 |  |  | — |  |  | — |  |  | 225,586 |
Accounts payable and accrued liabilities | 23,420 |  |  | 385,992 |  |  | (355,622 | ) |  | 53,790 |
Derivative instruments | (1,474 | ) |  | — |  |  | — |  |  | (1,474 | )
Other | (33,237 | ) |  | 1,664 |  |  | — |  |  | (31,573 | )
Total adjustments | (125,877 | ) |  | 488,306 |  |  | (437,059 | ) |  | (74,630 | )
Net cash provided by operating activities | 499,489 |  |  | 577,028 |  |  | (620,227 | ) |  | 456,290 |
| Six months ended June 26, 2016
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from investing activities: |  |  |  |  |  |  |
Capital expenditures | (104,125 | ) |  | (3,406 | ) |  | — |  |  | (107,531 | )
Origination of finance receivables | — |  |  | (4,507,717 | ) |  | 2,516,333 |  |  | (1,991,384 | )
Collections of finance receivables | — |  |  | 3,709,319 |  |  | (2,079,106 | ) |  | 1,630,213 |
Proceeds from finance receivables sold | — |  |  | 312,571 |  |  | — |  |  | 312,571 |
Sales and redemptions of marketable securities | 40,000 |  |  | — |  |  | — |  |  | 40,000 |
Other | 166 |  |  | — |  |  | — |  |  | 166 |
Net cash used by investing activities | (63,959 | ) |  | (489,233 | ) |  | 437,227 |  |  | (115,965 | )
Cash flows from financing activities: |  |  |  |  |  |  |
Proceeds from issuance of medium-term notes | — |  |  | 1,193,396 |  |  | — |  |  | 1,193,396 |
Repayments of medium-term notes | — |  |  | (450,000 | ) |  | — |  |  | (450,000 | )
Repayments of securitization debt | — |  |  | (385,837 | ) |  | — |  |  | (385,837 | )
Net decrease in credit facilities and unsecured commercial paper | — |  |  | (181,259 | ) |  | — |  |  | (181,259 | )
Borrowings of asset-backed commercial paper | — |  |  | 33,428 |  |  | — |  |  | 33,428 |
Repayments of asset-backed commercial paper | — |  |  | (34,989 | ) |  | — |  |  | (34,989 | )
Net change in restricted cash | — |  |  | 17,992 |  |  | — |  |  | 17,992 |
Dividends paid | (127,800 | ) |  | (183,000 | ) |  | 183,000 |  |  | (127,800 | )
Purchase of common stock for treasury | (269,411 | ) |  | — |  |  | — |  |  | (269,411 | )
Excess tax benefits from share-based payments | 331 |  |  | — |  |  | — |  |  | 331 |
Issuance of common stock under employee stock option plans | 2,367 |  |  | — |  |  | — |  |  | 2,367 |
Net cash (used by) provided by financing activities | (394,513 | ) |  | 9,731 |  |  | 183,000 |  |  | (201,782 | )
Effect of exchange rate changes on cash and cash equivalents | 4,202 |  |  | (284 | ) |  | — |  |  | 3,918 |
Net increase in cash and cash equivalents | $ | 45,219 |  |  | $ | 97,242 |  |  | $ | — |  |  | $ | 142,461 |
Cash and cash equivalents: |  |  |  |  |  |  |
Cash and cash equivalents—beginning of period | $ | 400,443 |  |  | $ | 321,766 |  |  | $ | — |  |  | $ | 722,209 |
Net increase in cash and cash equivalents | 45,219 |  |  | 97,242 |  |  | — |  |  | 142,461 |
Cash and cash equivalents—end of period | $ | 445,662 |  |  | $ | 419,008 |  |  | $ | — |  |  | $ | 864,670 |
| Six months ended June 28, 2015
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |
Net income | $ | 577,098 |  |  | $ | 92,566 |  |  | $ | (100,000 | ) |  | $ | 569,664 |
Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |  |  |
Depreciation and amortization of intangibles | 88,996 |  |  | 4,644 |  |  | — |  |  | 93,640 |
Amortization of deferred loan origination costs | — |  |  | 47,524 |  |  | — |  |  | 47,524 |
Amortization of financing origination fees | — |  |  | 4,820 |  |  | — |  |  | 4,820 |
Provision for employee long-term benefits | 24,635 |  |  | — |  |  | — |  |  | 24,635 |
Employee benefit plan contributions and payments | (12,725 | ) |  | — |  |  | — |  |  | (12,725 | )
Stock compensation expense | 15,415 |  |  | 1,319 |  |  | — |  |  | 16,734 |
Net change in wholesale finance receivables related to sales | — |  |  | — |  |  | (418,969 | ) |  | (418,969 | )
Provision for credit losses | — |  |  | 41,422 |  |  | — |  |  | 41,422 |
Deferred income taxes | 5,832 |  |  | (7,027 | ) |  | — |  |  | (1,195 | )
Foreign currency adjustments | 11,041 |  |  | — |  |  | — |  |  | 11,041 |
Other, net | (2,671 | ) |  | 707 |  |  | — |  |  | (1,964 | )
Change in current assets and current liabilities: |  |  |  |  |  |  |
Accounts receivable, net | (347,967 | ) |  | — |  |  | 304,658 |  |  | (43,309 | )
Finance receivables—accrued interest and other | — |  |  | (270 | ) |  | — |  |  | (270 | )
Inventories | 38,012 |  |  | — |  |  | — |  |  | 38,012 |
Accounts payable and accrued liabilities | 144,784 |  |  | 385,999 |  |  | (298,426 | ) |  | 232,357 |
Derivative instruments | 1,185 |  |  | — |  |  | — |  |  | 1,185 |
Other | 9,625 |  |  | 1,717 |  |  | — |  |  | 11,342 |
Total adjustments | (23,838 | ) |  | 480,855 |  |  | (412,737 | ) |  | 44,280 |
Net cash provided by operating activities | 553,260 |  |  | 573,421 |  |  | (512,737 | ) |  | 613,944 |
| Six months ended June 28, 2015
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from investing activities: |  |  |  |  |  |  |
Capital expenditures | (83,282 | ) |  | (1,898 | ) |  | — |  |  | (85,180 | )
Origination of finance receivables | — |  |  | (4,526,313 | ) |  | 2,549,750 |  |  | (1,976,563 | )
Collections of finance receivables | — |  |  | 3,707,444 |  |  | (2,137,013 | ) |  | 1,570,431 |
Sales and redemptions of marketable securities | 4,500 |  |  | — |  |  | — |  |  | 4,500 |
Other | 5,111 |  |  | — |  |  | — |  |  | 5,111 |
Net cash used by investing activities | (73,671 | ) |  | (820,767 | ) |  | 412,737 |  |  | (481,701 | )
Cash flows from financing activities: |  |  |  |  |  |  |
Proceeds from issuance of medium-term notes | — |  |  | 595,386 |  |  | — |  |  | 595,386 |
Intercompany borrowing activity | 250,000 |  |  | (250,000 | ) |  | — |  |  | — |
Proceeds from securitization debt | — |  |  | 1,195,668 |  |  | — |  |  | 1,195,668 |
Repayments of securitization debt | — |  |  | (454,332 | ) |  | — |  |  | (454,332 | )
Net decrease in credit facilities and unsecured commercial paper | — |  |  | (616,586 | ) |  | — |  |  | (616,586 | )
Borrowings of asset-backed commercial paper | — |  |  | 40,209 |  |  | — |  |  | 40,209 |
Repayments of asset-backed commercial paper | — |  |  | (35,730 | ) |  | — |  |  | (35,730 | )
Net change in restricted cash | — |  |  | (40,159 | ) |  | — |  |  | (40,159 | )
Dividends paid | (129,745 | ) |  | (100,000 | ) |  | 100,000 |  |  | (129,745 | )
Purchase of common stock for treasury | (358,425 | ) |  | — |  |  | — |  |  | (358,425 | )
Excess tax benefits from share-based payments | 2,401 |  |  | — |  |  | — |  |  | 2,401 |
Issuance of common stock under employee stock option plans | 15,664 |  |  | — |  |  | — |  |  | 15,664 |
Net cash (used by) provided by financing activities | (220,105 | ) |  | 334,456 |  |  | 100,000 |  |  | 214,351 |
Effect of exchange rate changes on cash and cash equivalents | (5,090 | ) |  | (605 | ) |  | — |  |  | (5,695 | )
Net increase in cash and cash equivalents | $ | 254,394 |  |  | $ | 86,505 |  |  | $ | — |  |  | $ | 340,899 |
Cash and cash equivalents: |  |  |  |  |  |  |
Cash and cash equivalents—beginning of period | $ | 573,895 |  |  | $ | 332,785 |  |  | $ | — |  |  | $ | 906,680 |
Net increase in cash and cash equivalents | 254,394 |  |  | 86,505 |  |  | — |  |  | 340,899 |
Cash and cash equivalents—end of period | $ | 828,289 |  |  | $ | 419,290 |  |  | $ | — |  |  | $ | 1,247,579 |

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