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Supplemental Consolidating Data (Tables) | 6 Months Ended
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Jul. 01, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Operations |
| Three months ended July 1, 2018
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 1,528,045 |  |  | $ | — |  |  | $ | (2,924 | ) |  | $ | 1,525,121 |
Financial Services | — |  |  | 188,788 |  |  | (686 | ) |  | 188,102 |
Total revenue | 1,528,045 |  |  | 188,788 |  |  | (3,610 | ) |  | 1,713,223 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 993,036 |  |  | — |  |  | — |  |  | 993,036 |
Financial Services interest expense | — |  |  | 51,943 |  |  | — |  |  | 51,943 |
Financial Services provision for credit losses | — |  |  | 18,880 |  |  | — |  |  | 18,880 |
Selling, administrative and engineering expense | 276,827 |  |  | 39,663 |  |  | (3,443 | ) |  | 313,047 |
Restructuring expense | 12,370 |  |  | — |  |  | — |  |  | 12,370 |
Total costs and expenses | 1,282,233 |  |  | 110,486 |  |  | (3,443 | ) |  | 1,389,276 |
Operating income | 245,812 |  |  | 78,302 |  |  | (167 | ) |  | 323,947 |
Other income (expense), net | 645 |  |  | — |  |  | — |  |  | 645 |
Investment income | 2,533 |  |  | — |  |  | — |  |  | 2,533 |
Interest expense | 7,728 |  |  | — |  |  | — |  |  | 7,728 |
Income before provision for income taxes | 241,262 |  |  | 78,302 |  |  | (167 | ) |  | 319,397 |
Provision for income taxes | 59,683 |  |  | 17,376 |  |  | — |  |  | 77,059 |
Net income | $ | 181,579 |  |  | $ | 60,926 |  |  | $ | (167 | ) |  | $ | 242,338 |
| Six months ended July 1, 2018
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 2,894,291 |  |  | $ | — |  |  | $ | (5,223 | ) |  | $ | 2,889,068 |
Financial Services | — |  |  | 367,248 |  |  | (972 | ) |  | 366,276 |
Total revenue | 2,894,291 |  |  | 367,248 |  |  | (6,195 | ) |  | 3,255,344 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 1,883,210 |  |  | — |  |  | — |  |  | 1,883,210 |
Financial Services interest expense | — |  |  | 100,393 |  |  | — |  |  | 100,393 |
Financial Services provision for credit losses | — |  |  | 48,932 |  |  | — |  |  | 48,932 |
Selling, administrative and engineering expense | 531,228 |  |  | 78,054 |  |  | (6,049 | ) |  | 603,233 |
Restructuring expense | 59,212 |  |  | — |  |  | — |  |  | 59,212 |
Total costs and expenses | 2,473,650 |  |  | 227,379 |  |  | (6,049 | ) |  | 2,694,980 |
Operating income | 420,641 |  |  | 139,869 |  |  | (146 | ) |  | 560,364 |
Other income (expense), net | 865 |  |  | — |  |  | — |  |  | 865 |
Investment income | 113,736 |  |  | — |  |  | (110,000 | ) |  | 3,736 |
Interest expense | 15,418 |  |  | — |  |  | — |  |  | 15,418 |
Income before provision for income taxes | 519,824 |  |  | 139,869 |  |  | (110,146 | ) |  | 549,547 |
Provision for income taxes | 99,916 |  |  | 32,530 |  |  | — |  |  | 132,446 |
Net income | $ | 419,908 |  |  | $ | 107,339 |  |  | $ | (110,146 | ) |  | $ | 417,101 |
| Three months ended June 25, 2017
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 1,580,109 |  |  | $ | — |  |  | $ | (2,974 | ) |  | $ | 1,577,135 |
Financial Services | — |  |  | 188,712 |  |  | (678 | ) |  | 188,034 |
Total revenue | 1,580,109 |  |  | 188,712 |  |  | (3,652 | ) |  | 1,765,169 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 1,004,173 |  |  | — |  |  | — |  |  | 1,004,173 |
Financial Services interest expense | — |  |  | 44,408 |  |  | — |  |  | 44,408 |
Financial Services provision for credit losses | — |  |  | 26,217 |  |  | — |  |  | 26,217 |
Selling, administrative and engineering expense | 256,147 |  |  | 38,448 |  |  | (3,511 | ) |  | 291,084 |
Total costs and expenses | 1,260,320 |  |  | 109,073 |  |  | (3,511 | ) |  | 1,365,882 |
Operating income | 319,789 |  |  | 79,639 |  |  | (141 | ) |  | 399,287 |
Other income (expense), net | 2,295 |  |  | — |  |  | — |  |  | 2,295 |
Investment income | 577 |  |  | — |  |  | — |  |  | 577 |
Interest expense | 7,726 |  |  | — |  |  | — |  |  | 7,726 |
Income before provision for income taxes | 314,935 |  |  | 79,639 |  |  | (141 | ) |  | 394,433 |
Provision for income taxes | 106,035 |  |  | 29,531 |  |  | — |  |  | 135,566 |
Net income | $ | 208,900 |  |  | $ | 50,108 |  |  | $ | (141 | ) |  | $ | 258,867 |
| Six months ended June 25, 2017
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 2,910,727 |  |  | $ | — |  |  | $ | (4,881 | ) |  | $ | 2,905,846 |
Financial Services | — |  |  | 362,269 |  |  | (1,014 | ) |  | 361,255 |
Total revenue | 2,910,727 |  |  | 362,269 |  |  | (5,895 | ) |  | 3,267,101 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 1,858,061 |  |  | — |  |  | — |  |  | 1,858,061 |
Financial Services interest expense | — |  |  | 87,697 |  |  | — |  |  | 87,697 |
Financial Services provision for credit losses | — |  |  | 69,806 |  |  | — |  |  | 69,806 |
Selling, administrative and engineering expense | 494,777 |  |  | 74,062 |  |  | (5,771 | ) |  | 563,068 |
Total costs and expenses | 2,352,838 |  |  | 231,565 |  |  | (5,771 | ) |  | 2,578,632 |
Operating income | 557,889 |  |  | 130,704 |  |  | (124 | ) |  | 688,469 |
Other income (expense), net | 4,591 |  |  | — |  |  | — |  |  | 4,591 |
Investment income | 107,456 |  |  | — |  |  | (106,000 | ) |  | 1,456 |
Interest expense | 15,399 |  |  | — |  |  | — |  |  | 15,399 |
Income before provision for income taxes | 654,537 |  |  | 130,704 |  |  | (106,124 | ) |  | 679,117 |
Provision for income taxes | 185,192 |  |  | 48,689 |  |  | — |  |  | 233,881 |
Net income | $ | 469,345 |  |  | $ | 82,015 |  |  | $ | (106,124 | ) |  | $ | 445,236 |
Balance Sheet |
| July 1, 2018
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 627,783 |  |  | $ | 350,966 |  |  | $ | — |  |  | $ | 978,749 |
Accounts receivable, net | 669,266 |  |  | — |  |  | (333,672 | ) |  | 335,594 |
Finance receivables, net | — |  |  | 2,252,956 |  |  | — |  |  | 2,252,956 |
Inventories | 465,373 |  |  | — |  |  | — |  |  | 465,373 |
Restricted cash | — |  |  | 44,386 |  |  | — |  |  | 44,386 |
Other current assets | 124,521 |  |  | 41,841 |  |  | — |  |  | 166,362 |
Total current assets | 1,886,943 |  |  | 2,690,149 |  |  | (333,672 | ) |  | 4,243,420 |
Finance receivables, net | — |  |  | 5,060,246 |  |  | — |  |  | 5,060,246 |
Property, plant and equipment, net | 854,681 |  |  | 49,432 |  |  | — |  |  | 904,113 |
Prepaid pension costs | 131,497 |  |  | — |  |  | — |  |  | 131,497 |
Goodwill | 55,451 |  |  | — |  |  | — |  |  | 55,451 |
Deferred income taxes | 27,043 |  |  | 41,696 |  |  | (1,234 | ) |  | 67,505 |
Other long-term assets | 151,691 |  |  | 19,999 |  |  | (87,900 | ) |  | 83,790 |
| $ | 3,107,306 |  |  | $ | 7,861,522 |  |  | $ | (422,806 | ) |  | $ | 10,546,022 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable | $ | 262,562 |  |  | $ | 358,324 |  |  | $ | (333,672 | ) |  | $ | 287,214 |
Accrued liabilities | 481,402 |  |  | 90,416 |  |  | 622 |  |  | 572,440 |
Short-term debt | — |  |  | 1,327,307 |  |  | — |  |  | 1,327,307 |
Current portion of long-term debt, net | — |  |  | 945,463 |  |  | — |  |  | 945,463 |
Total current liabilities | 743,964 |  |  | 2,721,510 |  |  | (333,050 | ) |  | 3,132,424 |
Long-term debt, net | 742,292 |  |  | 4,126,054 |  |  | — |  |  | 4,868,346 |
Pension liability | 55,819 |  |  | — |  |  | — |  |  | 55,819 |
Postretirement healthcare liability | 113,464 |  |  | — |  |  | — |  |  | 113,464 |
Other long-term liabilities | 174,412 |  |  | 36,997 |  |  | 3,034 |  |  | 214,443 |
Commitments and contingencies (Note 15) |  |  |  |  |  |  |
Shareholders’ equity | 1,277,355 |  |  | 976,961 |  |  | (92,790 | ) |  | 2,161,526 |
| $ | 3,107,306 |  |  | $ | 7,861,522 |  |  | $ | (422,806 | ) |  | $ | 10,546,022 |
| December 31, 2017
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 338,186 |  |  | $ | 349,335 |  |  | $ | — |  |  | $ | 687,521 |
Accounts receivable, net | 483,709 |  |  | — |  |  | (153,723 | ) |  | 329,986 |
Finance receivables, net | — |  |  | 2,105,662 |  |  | — |  |  | 2,105,662 |
Inventories | 538,202 |  |  | — |  |  | — |  |  | 538,202 |
Restricted cash | — |  |  | 47,518 |  |  | — |  |  | 47,518 |
Other current assets | 132,999 |  |  | 48,521 |  |  | (5,667 | ) |  | 175,853 |
Total current assets | 1,493,096 |  |  | 2,551,036 |  |  | (159,390 | ) |  | 3,884,742 |
Finance receivables, net | — |  |  | 4,859,424 |  |  | — |  |  | 4,859,424 |
Property, plant and equipment, net | 922,280 |  |  | 45,501 |  |  | — |  |  | 967,781 |
Prepaid pension costs | 19,816 |  |  | — |  |  | — |  |  | 19,816 |
Goodwill | 55,947 |  |  | — |  |  | — |  |  | 55,947 |
Deferred income taxes | 66,877 |  |  | 43,515 |  |  | (1,319 | ) |  | 109,073 |
Other long-term assets | 138,344 |  |  | 23,593 |  |  | (86,048 | ) |  | 75,889 |
| $ | 2,696,360 |  |  | $ | 7,523,069 |  |  | $ | (246,757 | ) |  | $ | 9,972,672 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable | $ | 214,263 |  |  | $ | 167,057 |  |  | $ | (153,723 | ) |  | $ | 227,597 |
Accrued liabilities | 444,028 |  |  | 90,942 |  |  | (5,148 | ) |  | 529,822 |
Short-term debt | — |  |  | 1,273,482 |  |  | — |  |  | 1,273,482 |
Current portion of long-term debt, net | — |  |  | 1,127,269 |  |  | — |  |  | 1,127,269 |
Total current liabilities | 658,291 |  |  | 2,658,750 |  |  | (158,871 | ) |  | 3,158,170 |
Long-term debt, net | 741,961 |  |  | 3,845,297 |  |  | — |  |  | 4,587,258 |
Pension liability | 54,606 |  |  | — |  |  | — |  |  | 54,606 |
Postretirement healthcare liability | 118,753 |  |  | — |  |  | — |  |  | 118,753 |
Other long-term liabilities | 171,200 |  |  | 35,503 |  |  | 2,905 |  |  | 209,608 |
Commitments and contingencies (Note 15) |  |  |  |  |  |  |
Shareholders’ equity | 951,549 |  |  | 983,519 |  |  | (90,791 | ) |  | 1,844,277 |
| $ | 2,696,360 |  |  | $ | 7,523,069 |  |  | $ | (246,757 | ) |  | $ | 9,972,672 |
| June 25, 2017
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 586,892 |  |  | $ | 401,584 |  |  | $ | — |  |  | $ | 988,476 |
Accounts receivable, net | 709,343 |  |  | — |  |  | (378,410 | ) |  | 330,933 |
Finance receivables, net | — |  |  | 2,338,533 |  |  | — |  |  | 2,338,533 |
Inventories | 372,012 |  |  | — |  |  | — |  |  | 372,012 |
Restricted cash | — |  |  | 63,225 |  |  | — |  |  | 63,225 |
Other current assets | 108,162 |  |  | 43,261 |  |  | — |  |  | 151,423 |
Total current assets | 1,776,409 |  |  | 2,846,603 |  |  | (378,410 | ) |  | 4,244,602 |
Finance receivables, net | — |  |  | 4,994,002 |  |  | — |  |  | 4,994,002 |
Property, plant and equipment, net | 905,244 |  |  | 41,082 |  |  | — |  |  | 946,326 |
Goodwill | 54,630 |  |  | — |  |  | — |  |  | 54,630 |
Deferred income taxes | 100,949 |  |  | 71,108 |  |  | (1,699 | ) |  | 170,358 |
Other long-term assets | 139,742 |  |  | 22,740 |  |  | (84,629 | ) |  | 77,853 |
| $ | 2,976,974 |  |  | $ | 7,975,535 |  |  | $ | (464,738 | ) |  | $ | 10,487,771 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable | $ | 298,372 |  |  | $ | 407,384 |  |  | $ | (378,410 | ) |  | $ | 327,346 |
Accrued liabilities | 441,102 |  |  | 92,217 |  |  | 93 |  |  | 533,412 |
Short-term debt | — |  |  | 928,445 |  |  | — |  |  | 928,445 |
Current portion of long-term debt, net | — |  |  | 1,565,558 |  |  | — |  |  | 1,565,558 |
Total current liabilities | 739,474 |  |  | 2,993,604 |  |  | (378,317 | ) |  | 3,354,761 |
Long-term debt, net | 741,633 |  |  | 3,936,717 |  |  | — |  |  | 4,678,350 |
Pension liability | 51,797 |  |  | — |  |  | — |  |  | 51,797 |
Postretirement healthcare liability | 166,023 |  |  | — |  |  | — |  |  | 166,023 |
Other long-term liabilities | 155,086 |  |  | 32,714 |  |  | 2,873 |  |  | 190,673 |
Commitments and contingencies (Note 15) |  |  |  |  |  |  |
Shareholders’ equity | 1,122,961 |  |  | 1,012,500 |  |  | (89,294 | ) |  | 2,046,167 |
| $ | 2,976,974 |  |  | $ | 7,975,535 |  |  | $ | (464,738 | ) |  | $ | 10,487,771 |
Cash Flows |
| Six months ended July 1, 2018
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |
Net income | $ | 419,908 |  |  | $ | 107,339 |  |  | $ | (110,146 | ) |  | $ | 417,101 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |
Depreciation and amortization of intangibles | 127,935 |  |  | 2,126 |  |  | — |  |  | 130,061 |
Amortization of deferred loan origination costs | — |  |  | 39,396 |  |  | — |  |  | 39,396 |
Amortization of financing origination fees | 331 |  |  | 3,802 |  |  | — |  |  | 4,133 |
Provision for long-term employee benefits | 18,954 |  |  | — |  |  | — |  |  | 18,954 |
Employee benefit plan contributions and payments | (6,422 | ) |  | — |  |  | — |  |  | (6,422 | )
Stock compensation expense | 17,229 |  |  | 1,852 |  |  | — |  |  | 19,081 |
Net change in wholesale finance receivables related to sales | — |  |  | — |  |  | (171,195 | ) |  | (171,195 | )
Provision for credit losses | — |  |  | 48,932 |  |  | — |  |  | 48,932 |
Deferred income taxes | (443 | ) |  | 2,043 |  |  | (85 | ) |  | 1,515 |
Other, net | 20,993 |  |  | (245 | ) |  | 146 |  |  | 20,894 |
Changes in current assets and liabilities: |  |  |  |  |  |  |
Accounts receivable, net | (194,831 | ) |  | — |  |  | 179,949 |  |  | (14,882 | )
Finance receivables - accrued interest and other | — |  |  | 4,228 |  |  | — |  |  | 4,228 |
Inventories | 63,957 |  |  | — |  |  | — |  |  | 63,957 |
Accounts payable and accrued liabilities | 137,644 |  |  | 192,410 |  |  | (168,953 | ) |  | 161,101 |
Derivative instruments | (205 | ) |  | 69 |  |  | — |  |  | (136 | )
Other | 2,924 |  |  | 1,884 |  |  | (5,667 | ) |  | (859 | )
Total adjustments | 188,066 |  |  | 296,497 |  |  | (165,805 | ) |  | 318,758 |
Net cash provided by operating activities | 607,974 |  |  | 403,836 |  |  | (275,951 | ) |  | 735,859 |
| Six months ended July 1, 2018
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from investing activities: |  |  |  |  |  |  |
Capital expenditures | (63,236 | ) |  | (6,057 | ) |  | — |  |  | (69,293 | )
Origination of finance receivables | — |  |  | (4,046,125 | ) |  | 2,046,339 |  |  | (1,999,786 | )
Collections on finance receivables | — |  |  | 3,593,272 |  |  | (1,880,388 | ) |  | 1,712,884 |
Other | (11,758 | ) |  | — |  |  | — |  |  | (11,758 | )
Net cash used by investing activities | (74,994 | ) |  | (458,910 | ) |  | 165,951 |  |  | (367,953 | )
Cash flows from financing activities: |  |  |  |  |  |  |
Proceeds from issuance of medium-term notes | — |  |  | 1,144,018 |  |  | — |  |  | 1,144,018 |
Repayments of medium-term notes | — |  |  | (877,488 | ) |  | — |  |  | (877,488 | )
Repayments of securitization debt | — |  |  | (183,453 | ) |  | — |  |  | (183,453 | )
Borrowings of asset-backed commercial paper | — |  |  | 120,903 |  |  | — |  |  | 120,903 |
Repayments of asset-backed commercial paper | — |  |  | (100,660 | ) |  | — |  |  | (100,660 | )
Net increase in credit facilities and unsecured commercial paper | — |  |  | 56,280 |  |  | — |  |  | 56,280 |
Dividends paid | (124,680 | ) |  | (110,000 | ) |  | 110,000 |  |  | (124,680 | )
Purchase of common stock for treasury | (111,227 | ) |  | — |  |  | — |  |  | (111,227 | )
Issuance of common stock under employee stock option plans | 1,965 |  |  | — |  |  | — |  |  | 1,965 |
Net cash (used) provided by financing activities | (233,942 | ) |  | 49,600 |  |  | 110,000 |  |  | (74,342 | )
Effect of exchange rate changes on cash, cash equivalents and restricted cash | (9,441 | ) |  | (650 | ) |  | — |  |  | (10,091 | )
Net increase (decrease) in cash, cash equivalents and restricted cash | $ | 289,597 |  |  | $ | (6,124 | ) |  | $ | — |  |  | $ | 283,473 |
Cash, cash equivalents and restricted cash: |  |  |  |  |  |  |
Cash, cash equivalents and restricted cash—beginning of period | $ | 338,186 |  |  | $ | 408,024 |  |  | $ | — |  |  | $ | 746,210 |
Net increase (decrease) in cash, cash equivalents and restricted cash | 289,597 |  |  | (6,124 | ) |  | — |  |  | 283,473 |
Cash, cash equivalents and restricted cash—end of period | $ | 627,783 |  |  | $ | 401,900 |  |  | $ | — |  |  | $ | 1,029,683 |
| Six months ended June 25, 2017
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |
Net income | $ | 469,345 |  |  | $ | 82,015 |  |  | $ | (106,124 | ) |  | $ | 445,236 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |
Depreciation and amortization of intangibles | 104,157 |  |  | 3,421 |  |  | — |  |  | 107,578 |
Amortization of deferred loan origination costs | — |  |  | 40,771 |  |  | — |  |  | 40,771 |
Amortization of financing origination fees | 327 |  |  | 3,752 |  |  | — |  |  | 4,079 |
Provision for long-term employee benefits | 14,950 |  |  | — |  |  | — |  |  | 14,950 |
Employee benefit plan contributions and payments | (37,307 | ) |  | — |  |  | — |  |  | (37,307 | )
Stock compensation expense | 15,995 |  |  | 1,502 |  |  | — |  |  | 17,497 |
Net change in wholesale finance receivables related to sales | — |  |  | — |  |  | (271,927 | ) |  | (271,927 | )
Provision for credit losses | — |  |  | 69,806 |  |  | — |  |  | 69,806 |
Deferred income taxes | 4,975 |  |  | (4,586 | ) |  | (211 | ) |  | 178 |
Other, net | (6,422 | ) |  | 2,134 |  |  | 125 |  |  | (4,163 | )
Changes in current assets and liabilities: |  |  |  |  |  |  |
Accounts receivable, net | (241,569 | ) |  | — |  |  | 213,330 |  |  | (28,239 | )
Finance receivables - accrued interest and other | — |  |  | 2,067 |  |  | — |  |  | 2,067 |
Inventories | 138,942 |  |  | — |  |  | — |  |  | 138,942 |
Accounts payable and accrued liabilities | 112,916 |  |  | 228,247 |  |  | (208,043 | ) |  | 133,120 |
Derivative instruments | 3,106 |  |  | 8 |  |  | — |  |  | 3,114 |
Other | (8,683 | ) |  | 98 |  |  | (49 | ) |  | (8,634 | )
Total adjustments | 101,387 |  |  | 347,220 |  |  | (266,775 | ) |  | 181,832 |
Net cash provided by operating activities | 570,732 |  |  | 429,235 |  |  | (372,899 | ) |  | 627,068 |
| Six months ended June 25, 2017
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from investing activities: |  |  |  |  |  |  |
Capital expenditures | (64,273 | ) |  | (5,543 | ) |  | — |  |  | (69,816 | )
Origination of finance receivables | — |  |  | (4,205,868 | ) |  | 2,228,029 |  |  | (1,977,839 | )
Collections on finance receivables | — |  |  | 3,608,929 |  |  | (1,961,130 | ) |  | 1,647,799 |
Other | 7,031 |  |  | — |  |  | — |  |  | 7,031 |
Net cash used by investing activities | (57,242 | ) |  | (602,482 | ) |  | 266,899 |  |  | (392,825 | )
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 | — |  |  | (275,659 | ) |  | — |  |  | (275,659 | )
Borrowings of asset-backed commercial paper | — |  |  | 341,625 |  |  | — |  |  | 341,625 |
Repayments of asset-backed commercial paper | — |  |  | (77,732 | ) |  | — |  |  | (77,732 | )
Net decrease in credit facilities and unsecured commercial paper | — |  |  | (128,787 | ) |  | — |  |  | (128,787 | )
Dividends paid | (128,452 | ) |  | (106,000 | ) |  | 106,000 |  |  | (128,452 | )
Purchase of common stock for treasury | (243,055 | ) |  | — |  |  | — |  |  | (243,055 | )
Issuance of common stock under employee stock option plans | 7,432 |  |  | — |  |  | — |  |  | 7,432 |
Net cash (used) provided by financing activities | (364,075 | ) |  | 247,115 |  |  | 106,000 |  |  | (10,960 | )
Effect of exchange rate changes on cash, cash equivalents and restricted cash | 11,937 |  |  | 520 |  |  | — |  |  | 12,457 |
Net increase in cash, cash equivalents and restricted cash | $ | 161,352 |  |  | $ | 74,388 |  |  | $ | — |  |  | $ | 235,740 |
Cash, cash equivalents and restricted cash: |  |  |  |  |  |  |
Cash, cash equivalents and restricted cash—beginning of period | $ | 425,540 |  |  | $ | 401,591 |  |  | $ | — |  |  | $ | 827,131 |
Net increase in cash, cash equivalents and restricted cash | 161,352 |  |  | 74,388 |  |  | — |  |  | 235,740 |
Cash, cash equivalents and restricted cash—end of period | $ | 586,892 |  |  | $ | 475,979 |  |  | $ | — |  |  | $ | 1,062,871 |

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