XML 47 R33.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Additional Balance Sheet and Cash Flow Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Inventories, Net | Inventories, net (in thousands):
|  | 2016 |  | 2015
Components at the lower of FIFO cost or market |  |  |  |
Raw materials and work in process |  | $ | 140,639 |  |  | $ | 161,704 |
Motorcycle finished goods |  | 285,281 |  |  | 327,952 |
Parts and accessories and general merchandise |  | 122,264 |  |  | 145,519 |
Inventory at lower of FIFO cost or market |  | 548,184 |  |  | 635,175 |
Excess of FIFO over LIFO cost |  | (48,267 | ) |  | (49,268 | )
Total inventories, net |  | $ | 499,917 |  |  | $ | 585,907 |
Property, Plant And Equipment, At Cost | Property, plant and equipment, at cost (in thousands):
|  | 2016 |  | 2015
Land and related improvements |  | $ | 65,533 |  |  | $ | 56,554 |
Buildings and related improvements |  | 464,200 |  |  | 453,433 |
Machinery and equipment |  | 1,887,269 |  |  | 1,859,443 |
Software |  | 630,114 |  |  | 524,076 |
Construction in progress |  | 214,409 |  |  | 280,147 |
|  | 3,261,525 |  |  | 3,173,653 |
Accumulated depreciation |  | (2,279,932 | ) |  | (2,231,235 | )
Total property, plant and equipment, net |  | $ | 981,593 |  |  | $ | 942,418 |
Accrued Liabilities | Accrued liabilities (in thousands):
|  | 2016 |  | 2015
Payroll, employee benefits and related expenses |  | $ | 148,221 |  |  | $ | 160,971 |
Warranty and recalls |  | 57,698 |  |  | 54,894 |
Sales incentive programs |  | 43,218 |  |  | 37,568 |
Tax-related accruals |  | 26,140 |  |  | 18,535 |
Accrued interest |  | 42,788 |  |  | 33,925 |
Other |  | 168,587 |  |  | 166,071 |
Total accrued liabilities |  | $ | 486,652 |  |  | $ | 471,964 |
Schedule of Cash Flow, Supplemental Disclosures | The reconciliation of net income to net cash provided by operating activities of continuing operations is as follows (in thousands):
|  | 2016 |  | 2015 |  | 2014
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 692,164 |  |  | $ | 752,207 |  |  | $ | 844,611 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Depreciation and amortization of intangibles |  | 209,555 |  |  | 198,074 |  |  | 179,300 |
Amortization of deferred loan origination costs |  | 86,681 |  |  | 93,546 |  |  | 94,429 |
Amortization of financing origination fees |  | 9,252 |  |  | 9,975 |  |  | 8,442 |
Provision for long-term employee benefits |  | 38,273 |  |  | 60,824 |  |  | 33,709 |
Employee benefit plan contributions and payments |  | (55,809 | ) |  | (28,490 | ) |  | (29,686 | )
Stock compensation expense |  | 32,336 |  |  | 29,433 |  |  | 37,929 |
Net change in wholesale finance receivables related to sales |  | (3,233 | ) |  | (113,970 | ) |  | (75,210 | )
Provision for credit losses |  | 136,617 |  |  | 101,345 |  |  | 80,946 |
Gain on off-balance sheet asset-backed securitization |  | (9,269 | ) |  | — |  |  | — |
Loss on debt extinguishment |  | 118 |  |  | 1,099 |  |  | 3,942 |
Deferred income taxes |  | (165 | ) |  | (16,484 | ) |  | (7,621 | )
Other, net |  | (6,907 | ) |  | 20,913 |  |  | 20,473 |
Changes in current assets and liabilities: |  |  |  |  |  |
Accounts receivable, net |  | (45,934 | ) |  | (13,665 | ) |  | (9,809 | )
Finance receivables – accrued interest and other |  | (1,489 | ) |  | (3,046 | ) |  | (2,515 | )
Inventories |  | 85,072 |  |  | (155,222 | ) |  | (50,886 | )
Accounts payable and accrued liabilities |  | 38,237 |  |  | 138,823 |  |  | 21,309 |
Derivative instruments |  | (3,413 | ) |  | (5,615 | ) |  | 703 |
Other |  | (27,747 | ) |  | 30,371 |  |  | (3,389 | )
Total adjustments |  | 482,175 |  |  | 347,911 |  |  | 302,066 |
Net cash provided by operating activities |  | $ | 1,174,339 |  |  | $ | 1,100,118 |  |  | $ | 1,146,677 |
Cash paid during the period for interest and income taxes (in thousands):
|  | 2016 |  | 2015 |  | 2014
Interest |  | $ | 185,804 |  |  | $ | 148,654 |  |  | $ | 154,310 |
Income taxes |  | $ | 356,553 |  |  | $ | 371,547 |  |  | $ | 438,840 |

X
- References No definition available. + Details
Name: | us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(13)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accrued liabilities. + References No definition available. + Details
Name: | us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfInventoryCurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration