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Supplemental Consolidating Data (Tables) | 9 Months Ended
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Sep. 24, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Operations |
| Three months ended September 24, 2017
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 964,942 |  |  | $ | — |  |  | $ | (2,806 | ) |  | $ | 962,136 |
Financial Services | — |  |  | 189,932 |  |  | (873 | ) |  | 189,059 |
Total revenue | 964,942 |  |  | 189,932 |  |  | (3,679 | ) |  | 1,151,195 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 685,161 |  |  | — |  |  | — |  |  | 685,161 |
Financial Services interest expense | — |  |  | 46,169 |  |  | — |  |  | 46,169 |
Financial Services provision for credit losses | — |  |  | 29,253 |  |  | — |  |  | 29,253 |
Selling, administrative and engineering expense | 257,723 |  |  | 39,383 |  |  | (3,202 | ) |  | 293,904 |
Total costs and expenses | 942,884 |  |  | 114,805 |  |  | (3,202 | ) |  | 1,054,487 |
Operating income | 22,058 |  |  | 75,127 |  |  | (477 | ) |  | 96,708 |
Investment income | 91,083 |  |  | — |  |  | (90,000 | ) |  | 1,083 |
Interest expense | 7,896 |  |  | — |  |  | — |  |  | 7,896 |
Income before provision for income taxes | 105,245 |  |  | 75,127 |  |  | (90,477 | ) |  | 89,895 |
Provision for income taxes | (6,134 | ) |  | 27,820 |  |  | — |  |  | 21,686 |
Net income | $ | 111,379 |  |  | $ | 47,307 |  |  | $ | (90,477 | ) |  | $ | 68,209 |
| Nine months ended September 24, 2017
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 3,875,669 |  |  | $ | — |  |  | $ | (7,687 | ) |  | $ | 3,867,982 |
Financial Services | — |  |  | 552,201 |  |  | (1,887 | ) |  | 550,314 |
Total revenue | 3,875,669 |  |  | 552,201 |  |  | (9,574 | ) |  | 4,418,296 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 2,537,899 |  |  | — |  |  | — |  |  | 2,537,899 |
Financial Services interest expense | — |  |  | 133,866 |  |  | — |  |  | 133,866 |
Financial Services provision for credit losses | — |  |  | 99,059 |  |  | — |  |  | 99,059 |
Selling, administrative and engineering expense | 753,232 |  |  | 113,445 |  |  | (8,973 | ) |  | 857,704 |
Total costs and expenses | 3,291,131 |  |  | 346,370 |  |  | (8,973 | ) |  | 3,628,528 |
Operating income | 584,538 |  |  | 205,831 |  |  | (601 | ) |  | 789,768 |
Investment income | 198,539 |  |  | — |  |  | (196,000 | ) |  | 2,539 |
Interest expense | 23,295 |  |  | — |  |  | — |  |  | 23,295 |
Income before provision for income taxes | 759,782 |  |  | 205,831 |  |  | (196,601 | ) |  | 769,012 |
Provision for income taxes | 179,058 |  |  | 76,509 |  |  | — |  |  | 255,567 |
Net income | $ | 580,724 |  |  | $ | 129,322 |  |  | $ | (196,601 | ) |  | $ | 513,445 |
| Three months ended September 25, 2016
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 1,094,148 |  |  | $ | — |  |  | $ | (2,518 | ) |  | $ | 1,091,630 |
Financial Services | — |  |  | 183,706 |  |  | (523 | ) |  | 183,183 |
Total revenue | 1,094,148 |  |  | 183,706 |  |  | (3,041 | ) |  | 1,274,813 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 724,611 |  |  | — |  |  | — |  |  | 724,611 |
Financial Services interest expense | — |  |  | 42,573 |  |  | — |  |  | 42,573 |
Financial Services provision for credit losses | — |  |  | 36,543 |  |  | — |  |  | 36,543 |
Selling, administrative and engineering expense | 258,541 |  |  | 37,139 |  |  | (2,970 | ) |  | 292,710 |
Total costs and expenses | 983,152 |  |  | 116,255 |  |  | (2,970 | ) |  | 1,096,437 |
Operating income | 110,996 |  |  | 67,451 |  |  | (71 | ) |  | 178,376 |
Investment income | 2,300 |  |  | — |  |  | — |  |  | 2,300 |
Interest expense | 7,706 |  |  | — |  |  | — |  |  | 7,706 |
Income before provision for income taxes | 105,590 |  |  | 67,451 |  |  | (71 | ) |  | 172,970 |
Provision for income taxes | 33,895 |  |  | 25,010 |  |  | — |  |  | 58,905 |
Net income | $ | 71,695 |  |  | $ | 42,441 |  |  | $ | (71 | ) |  | $ | 114,065 |
| Nine months ended September 25, 2016
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 4,346,166 |  |  | $ | — |  |  | $ | (7,813 | ) |  | $ | 4,338,353 |
Financial Services | — |  |  | 549,162 |  |  | (1,657 | ) |  | 547,505 |
Total revenue | 4,346,166 |  |  | 549,162 |  |  | (9,470 | ) |  | 4,885,858 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 2,773,496 |  |  | — |  |  | — |  |  | 2,773,496 |
Financial Services interest expense | — |  |  | 131,387 |  |  | — |  |  | 131,387 |
Financial Services provision for credit losses | — |  |  | 97,127 |  |  | — |  |  | 97,127 |
Selling, administrative and engineering expense | 802,139 |  |  | 111,414 |  |  | (9,231 | ) |  | 904,322 |
Total costs and expenses | 3,575,635 |  |  | 339,928 |  |  | (9,231 | ) |  | 3,906,332 |
Operating income | 770,531 |  |  | 209,234 |  |  | (239 | ) |  | 979,526 |
Investment income | 186,754 |  |  | — |  |  | (183,000 | ) |  | 3,754 |
Interest expense | 21,968 |  |  | — |  |  | — |  |  | 21,968 |
Income before provision for income taxes | 935,317 |  |  | 209,234 |  |  | (183,239 | ) |  | 961,312 |
Provision for income taxes | 238,256 |  |  | 78,071 |  |  | — |  |  | 316,327 |
Net income | $ | 697,061 |  |  | $ | 131,163 |  |  | $ | (183,239 | ) |  | $ | 644,985 |
Balance Sheet |
| September 24, 2017
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 311,029 |  |  | $ | 372,105 |  |  | $ | — |  |  | $ | 683,134 |
Accounts receivable, net | 690,152 |  |  | — |  |  | (347,028 | ) |  | 343,124 |
Finance receivables, net | — |  |  | 2,058,168 |  |  | — |  |  | 2,058,168 |
Inventories | 469,091 |  |  | — |  |  | — |  |  | 469,091 |
Restricted cash | — |  |  | 52,209 |  |  | — |  |  | 52,209 |
Other current assets | 146,012 |  |  | 46,956 |  |  | (10,552 | ) |  | 182,416 |
Total current assets | 1,616,284 |  |  | 2,529,438 |  |  | (357,580 | ) |  | 3,788,142 |
Finance receivables, net | — |  |  | 5,042,857 |  |  | — |  |  | 5,042,857 |
Property, plant and equipment, net | 892,260 |  |  | 42,355 |  |  | — |  |  | 934,615 |
Goodwill | 55,898 |  |  | — |  |  | — |  |  | 55,898 |
Deferred income taxes | 109,116 |  |  | 73,424 |  |  | (1,965 | ) |  | 180,575 |
Other long-term assets | 149,257 |  |  | 22,499 |  |  | (85,484 | ) |  | 86,272 |
| $ | 2,822,815 |  |  | $ | 7,710,573 |  |  | $ | (445,029 | ) |  | $ | 10,088,359 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable | $ | 257,205 |  |  | $ | 366,940 |  |  | $ | (347,028 | ) |  | $ | 277,117 |
Accrued liabilities | 479,753 |  |  | 104,814 |  |  | (10,609 | ) |  | 573,958 |
Short-term debt | — |  |  | 834,875 |  |  | — |  |  | 834,875 |
Current portion of long-term debt, net | — |  |  | 1,530,401 |  |  | — |  |  | 1,530,401 |
Total current liabilities | 736,958 |  |  | 2,837,030 |  |  | (357,637 | ) |  | 3,216,351 |
Long-term debt, net | 741,797 |  |  | 3,865,994 |  |  | — |  |  | 4,607,791 |
Pension liability | 52,471 |  |  | — |  |  | — |  |  | 52,471 |
Postretirement healthcare liability | 162,925 |  |  | — |  |  | — |  |  | 162,925 |
Other long-term liabilities | 154,696 |  |  | 34,071 |  |  | 3,234 |  |  | 192,001 |
Commitments and contingencies (Note 16) |  |  |  |  |  |  |
Shareholders’ equity | 973,968 |  |  | 973,478 |  |  | (90,626 | ) |  | 1,856,820 |
| $ | 2,822,815 |  |  | $ | 7,710,573 |  |  | $ | (445,029 | ) |  | $ | 10,088,359 |
| December 31, 2016
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 425,540 |  |  | $ | 334,444 |  |  | $ | — |  |  | $ | 759,984 |
Marketable securities | 5,019 |  |  | 500 |  |  | — |  |  | 5,519 |
Accounts receivable, net | 450,186 |  |  | — |  |  | (165,080 | ) |  | 285,106 |
Finance receivables, net | — |  |  | 2,076,261 |  |  | — |  |  | 2,076,261 |
Inventories | 499,917 |  |  | — |  |  | — |  |  | 499,917 |
Restricted cash | — |  |  | 52,574 |  |  | — |  |  | 52,574 |
Other current assets | 127,606 |  |  | 46,934 |  |  | (49 | ) |  | 174,491 |
Total current assets | 1,508,268 |  |  | 2,510,713 |  |  | (165,129 | ) |  | 3,853,852 |
Finance receivables, net | — |  |  | 4,759,197 |  |  | — |  |  | 4,759,197 |
Property, plant and equipment, net | 942,634 |  |  | 38,959 |  |  | — |  |  | 981,593 |
Goodwill | 53,391 |  |  | — |  |  | — |  |  | 53,391 |
Deferred income taxes | 103,487 |  |  | 66,152 |  |  | (1,910 | ) |  | 167,729 |
Other long-term assets | 132,835 |  |  | 24,769 |  |  | (83,126 | ) |  | 74,478 |
| $ | 2,740,615 |  |  | $ | 7,399,790 |  |  | $ | (250,165 | ) |  | $ | 9,890,240 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable | $ | 219,353 |  |  | $ | 181,045 |  |  | $ | (165,080 | ) |  | $ | 235,318 |
Accrued liabilities | 395,907 |  |  | 90,910 |  |  | (165 | ) |  | 486,652 |
Short-term debt | — |  |  | 1,055,708 |  |  | — |  |  | 1,055,708 |
Current portion of long-term debt, net | — |  |  | 1,084,884 |  |  | — |  |  | 1,084,884 |
Total current liabilities | 615,260 |  |  | 2,412,547 |  |  | (165,245 | ) |  | 2,862,562 |
Long-term debt, net | 741,306 |  |  | 3,925,669 |  |  | — |  |  | 4,666,975 |
Pension liability | 84,442 |  |  | — |  |  | — |  |  | 84,442 |
Postretirement healthcare liability | 173,267 |  |  | — |  |  | — |  |  | 173,267 |
Other long-term liabilities | 150,391 |  |  | 29,697 |  |  | 2,748 |  |  | 182,836 |
Commitments and contingencies (Note 16) |  |  |  |  |  |  |
Shareholders’ equity | 975,949 |  |  | 1,031,877 |  |  | (87,668 | ) |  | 1,920,158 |
| $ | 2,740,615 |  |  | $ | 7,399,790 |  |  | $ | (250,165 | ) |  | $ | 9,890,240 |
| September 25, 2016
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 438,875 |  |  | $ | 351,409 |  |  | $ | — |  |  | $ | 790,284 |
Marketable securities | 5,038 |  |  | — |  |  | — |  |  | 5,038 |
Accounts receivable, net | 751,770 |  |  | — |  |  | (405,594 | ) |  | 346,176 |
Finance receivables, net | — |  |  | 2,205,644 |  |  | — |  |  | 2,205,644 |
Inventories | 426,547 |  |  | — |  |  | — |  |  | 426,547 |
Restricted cash | — |  |  | 65,088 |  |  | — |  |  | 65,088 |
Deferred income taxes | 61,611 |  |  | 61,998 |  |  | — |  |  | 123,609 |
Other current assets | 110,060 |  |  | 41,305 |  |  | (11,407 | ) |  | 139,958 |
Total current assets | 1,793,901 |  |  | 2,725,444 |  |  | (417,001 | ) |  | 4,102,344 |
Finance receivables, net | — |  |  | 4,944,322 |  |  | — |  |  | 4,944,322 |
Property, plant and equipment, net | 917,984 |  |  | 36,491 |  |  | — |  |  | 954,475 |
Goodwill | 54,663 |  |  | — |  |  | — |  |  | 54,663 |
Deferred income taxes | 73,639 |  |  | 9,066 |  |  | (1,874 | ) |  | 80,831 |
Other long-term assets | 133,441 |  |  | 24,605 |  |  | (82,455 | ) |  | 75,591 |
| $ | 2,973,628 |  |  | $ | 7,739,928 |  |  | $ | (501,330 | ) |  | $ | 10,212,226 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable | $ | 268,945 |  |  | $ | 428,243 |  |  | $ | (405,594 | ) |  | $ | 291,594 |
Accrued liabilities | 419,675 |  |  | 98,268 |  |  | (11,410 | ) |  | 506,533 |
Short-term debt | — |  |  | 1,055,428 |  |  | — |  |  | 1,055,428 |
Current portion of long-term debt, net | — |  |  | 700,152 |  |  | — |  |  | 700,152 |
Total current liabilities | 688,620 |  |  | 2,282,091 |  |  | (417,004 | ) |  | 2,553,707 |
Long-term debt, net | 741,144 |  |  | 4,429,465 |  |  | — |  |  | 5,170,609 |
Pension liability | 120,494 |  |  | — |  |  | — |  |  | 120,494 |
Postretirement healthcare liability | 182,825 |  |  | — |  |  | — |  |  | 182,825 |
Other long-term liabilities | 160,784 |  |  | 28,425 |  |  | 3,014 |  |  | 192,223 |
Commitments and contingencies (Note 16) |  |  |  |  |  |  |
Shareholders’ equity | 1,079,761 |  |  | 999,947 |  |  | (87,340 | ) |  | 1,992,368 |
| $ | 2,973,628 |  |  | $ | 7,739,928 |  |  | $ | (501,330 | ) |  | $ | 10,212,226 |
Cash Flows |
| Nine months ended September 24, 2017
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |
Net income | $ | 580,724 |  |  | $ | 129,322 |  |  | $ | (196,601 | ) |  | $ | 513,445 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |
Depreciation and amortization of intangibles | 158,938 |  |  | 5,036 |  |  | — |  |  | 163,974 |
Amortization of deferred loan origination costs | — |  |  | 62,052 |  |  | — |  |  | 62,052 |
Amortization of financing origination fees | 491 |  |  | 5,621 |  |  | — |  |  | 6,112 |
Provision for long-term employee benefits | 22,427 |  |  | — |  |  | — |  |  | 22,427 |
Employee benefit plan contributions and payments | (43,060 | ) |  | — |  |  | — |  |  | (43,060 | )
Stock compensation expense | 23,223 |  |  | 2,358 |  |  | — |  |  | 25,581 |
Net change in wholesale finance receivables related to sales | — |  |  | — |  |  | 36,678 |  |  | 36,678 |
Provision for credit losses | — |  |  | 99,059 |  |  | — |  |  | 99,059 |
Deferred income taxes | 3,450 |  |  | (8,656 | ) |  | 55 |  |  | (5,151 | )
Other, net | (14,671 | ) |  | 2,946 |  |  | 603 |  |  | (11,122 | )
Changes in current assets and liabilities: |  |  |  |  |  |  |
Accounts receivable, net | (211,115 | ) |  | — |  |  | 181,948 |  |  | (29,167 | )
Finance receivables - accrued interest and other | — |  |  | 317 |  |  | — |  |  | 317 |
Inventories | 50,016 |  |  | — |  |  | — |  |  | 50,016 |
Accounts payable and accrued liabilities | 75,957 |  |  | 199,855 |  |  | (187,054 | ) |  | 88,758 |
Derivative instruments | 2,708 |  |  | 44 |  |  | — |  |  | 2,752 |
Other | (45,830 | ) |  | 1,731 |  |  | 10,503 |  |  | (33,596 | )
Total adjustments | 22,534 |  |  | 370,363 |  |  | 42,733 |  |  | 435,630 |
Net cash provided by operating activities | 603,258 |  |  | 499,685 |  |  | (153,868 | ) |  | 949,075 |
| Nine months ended September 24, 2017
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from investing activities: |  |  |  |  |  |  |
Capital expenditures | (105,591 | ) |  | (8,431 | ) |  | — |  |  | (114,022 | )
Origination of finance receivables | — |  |  | (5,791,241 | ) |  | 2,863,869 |  |  | (2,927,372 | )
Collections on finance receivables | — |  |  | 5,386,123 |  |  | (2,906,001 | ) |  | 2,480,122 |
Sales and redemptions of marketable securities | 6,916 |  |  | — |  |  | — |  |  | 6,916 |
Other | 356 |  |  | — |  |  | — |  |  | 356 |
Net cash used by investing activities | (98,319 | ) |  | (413,549 | ) |  | (42,132 | ) |  | (554,000 | )
Cash flows from financing activities: |  |  |  |  |  |  |
Proceeds from issuance of medium-term notes | — |  |  | 893,668 |  |  | — |  |  | 893,668 |
Repayments of medium-term notes | — |  |  | (400,000 | ) |  | — |  |  | (400,000 | )
Repayments of securitization debt | — |  |  | (367,298 | ) |  | — |  |  | (367,298 | )
Borrowings of asset-backed commercial paper | — |  |  | 371,253 |  |  | — |  |  | 371,253 |
Repayments of asset-backed commercial paper | — |  |  | (129,690 | ) |  | — |  |  | (129,690 | )
Net decrease in credit facilities and unsecured commercial paper | — |  |  | (225,038 | ) |  | — |  |  | (225,038 | )
Net change in restricted cash | — |  |  | 3,767 |  |  | — |  |  | 3,767 |
Dividends paid | (190,121 | ) |  | (196,000 | ) |  | 196,000 |  |  | (190,121 | )
Purchase of common stock for treasury | (465,167 | ) |  | — |  |  | — |  |  | (465,167 | )
Issuance of common stock under employee stock option plans | 7,884 |  |  | — |  |  | — |  |  | 7,884 |
Net cash used by financing activities | (647,404 | ) |  | (49,338 | ) |  | 196,000 |  |  | (500,742 | )
Effect of exchange rate changes on cash and cash equivalents | 27,954 |  |  | 863 |  |  | — |  |  | 28,817 |
Net (decrease) increase in cash and cash equivalents | $ | (114,511 | ) |  | $ | 37,661 |  |  | $ | — |  |  | $ | (76,850 | )
Cash and cash equivalents: |  |  |  |  |  |  |
Cash and cash equivalents—beginning of period | $ | 425,540 |  |  | $ | 334,444 |  |  | $ | — |  |  | $ | 759,984 |
Net (decrease) increase in cash and cash equivalents | (114,511 | ) |  | 37,661 |  |  | — |  |  | (76,850 | )
Cash and cash equivalents—end of period | $ | 311,029 |  |  | $ | 372,105 |  |  | $ | — |  |  | $ | 683,134 |
| Nine months ended September 25, 2016
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |
Net income | $ | 697,061 |  |  | $ | 131,163 |  |  | $ | (183,239 | ) |  | $ | 644,985 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |
Depreciation and amortization of intangibles | 148,851 |  |  | 5,714 |  |  | — |  |  | 154,565 |
Amortization of deferred loan origination costs | — |  |  | 65,445 |  |  | — |  |  | 65,445 |
Amortization of financing origination fees | 491 |  |  | 6,721 |  |  | — |  |  | 7,212 |
Provision for long-term employee benefits | 28,508 |  |  | — |  |  | — |  |  | 28,508 |
Employee benefit plan contributions and payments | (47,658 | ) |  | — |  |  | — |  |  | (47,658 | )
Stock compensation expense | 23,056 |  |  | 1,853 |  |  | — |  |  | 24,909 |
Net change in wholesale finance receivables related to sales | — |  |  | — |  |  | (169,599 | ) |  | (169,599 | )
Provision for credit losses | — |  |  | 97,127 |  |  | — |  |  | 97,127 |
Gain on off-balance sheet asset-backed securitization | — |  |  | (9,269 | ) |  | — |  |  | (9,269 | )
Loss on extinguishment of debt | — |  |  | 118 |  |  | — |  |  | 118 |
Deferred income taxes | (574 | ) |  | (10,419 | ) |  | (268 | ) |  | (11,261 | )
Other, net | (24,157 | ) |  | 648 |  |  | 239 |  |  | (23,270 | )
Changes in current assets and liabilities: |  |  |  |  |  |  |
Accounts receivable, net | (348,996 | ) |  | — |  |  | 262,200 |  |  | (86,796 | )
Finance receivables - accrued interest and other | — |  |  | 364 |  |  | — |  |  | 364 |
Inventories | 173,975 |  |  | — |  |  | — |  |  | 173,975 |
Accounts payable and accrued liabilities | 74,269 |  |  | 277,142 |  |  | (254,221 | ) |  | 97,190 |
Derivative instruments | (1,992 | ) |  | — |  |  | — |  |  | (1,992 | )
Other | (18,924 | ) |  | 2,180 |  |  | — |  |  | (16,744 | )
Total adjustments | 6,849 |  |  | 437,624 |  |  | (161,649 | ) |  | 282,824 |
Net cash provided by operating activities | 703,910 |  |  | 568,787 |  |  | (344,888 | ) |  | 927,809 |
| Nine months ended September 25, 2016
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from investing activities: |  |  |  |  |  |  |
Capital expenditures | (155,967 | ) |  | (6,759 | ) |  | — |  |  | (162,726 | )
Origination of finance receivables | — |  |  | (6,297,040 | ) |  | 3,287,561 |  |  | (3,009,479 | )
Collections on finance receivables | — |  |  | 5,566,139 |  |  | (3,125,673 | ) |  | 2,440,466 |
Proceeds from finance receivables sold | — |  |  | 312,571 |  |  | — |  |  | 312,571 |
Sales and redemptions of marketable securities | 40,014 |  |  | — |  |  | — |  |  | 40,014 |
Other | 251 |  |  | — |  |  | — |  |  | 251 |
Net cash used by investing activities | (115,702 | ) |  | (425,089 | ) |  | 161,888 |  |  | (378,903 | )
Cash flows from financing activities: |  |  |  |  |  |  |
Proceeds from issuance of medium-term notes | — |  |  | 1,193,396 |  |  | — |  |  | 1,193,396 |
Repayments of medium-term notes | — |  |  | (451,336 | ) |  | — |  |  | (451,336 | )
Repayments of securitization debt | — |  |  | (535,616 | ) |  | — |  |  | (535,616 | )
Borrowings of asset-backed commercial paper | — |  |  | 33,428 |  |  | — |  |  | 33,428 |
Repayments of asset-backed commercial paper | — |  |  | (55,170 | ) |  | — |  |  | (55,170 | )
Net decrease in credit facilities and unsecured commercial paper | — |  |  | (146,328 | ) |  | — |  |  | (146,328 | )
Net change in restricted cash | — |  |  | 30,981 |  |  | — |  |  | 30,981 |
Dividends paid | (190,387 | ) |  | (183,000 | ) |  | 183,000 |  |  | (190,387 | )
Purchase of common stock for treasury | (374,234 | ) |  | — |  |  | — |  |  | (374,234 | )
Excess tax benefits from share-based payments | 1,291 |  |  | — |  |  | — |  |  | 1,291 |
Issuance of common stock under employee stock option plans | 6,444 |  |  | — |  |  | — |  |  | 6,444 |
Net cash used by financing activities | (556,886 | ) |  | (113,645 | ) |  | 183,000 |  |  | (487,531 | )
Effect of exchange rate changes on cash and cash equivalents | 7,110 |  |  | (410 | ) |  | — |  |  | 6,700 |
Net increase in cash and cash equivalents | $ | 38,432 |  |  | $ | 29,643 |  |  | $ | — |  |  | $ | 68,075 |
Cash and cash equivalents: |  |  |  |  |  |  |
Cash and cash equivalents—beginning of period | $ | 400,443 |  |  | $ | 321,766 |  |  | $ | — |  |  | $ | 722,209 |
Net increase in cash and cash equivalents | 38,432 |  |  | 29,643 |  |  | — |  |  | 68,075 |
Cash and cash equivalents—end of period | $ | 438,875 |  |  | $ | 351,409 |  |  | $ | — |  |  | $ | 790,284 |

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