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Supplemental Consolidating Data (Tables) | 9 Months Ended
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Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Operations |
| Three months ended September 30, 2018
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 1,126,977 |  |  | $ | — |  |  | $ | (3,032 | ) |  | $ | 1,123,945 |
Financial Services | — |  |  | 192,188 |  |  | (464 | ) |  | 191,724 |
Total revenue | 1,126,977 |  |  | 192,188 |  |  | (3,496 | ) |  | 1,315,669 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 776,530 |  |  | — |  |  | — |  |  | 776,530 |
Financial Services interest expense | — |  |  | 44,696 |  |  | — |  |  | 44,696 |
Financial Services provision for credit losses | — |  |  | 23,530 |  |  | — |  |  | 23,530 |
Selling, administrative and engineering expense | 267,316 |  |  | 42,776 |  |  | (3,427 | ) |  | 306,665 |
Restructuring expense | 14,832 |  |  | — |  |  | — |  |  | 14,832 |
Total costs and expenses | 1,058,678 |  |  | 111,002 |  |  | (3,427 | ) |  | 1,166,253 |
Operating income | 68,299 |  |  | 81,186 |  |  | (69 | ) |  | 149,416 |
Other income (expense), net | 644 |  |  | — |  |  | — |  |  | 644 |
Investment loss | (1,106 | ) |  | — |  |  | — |  |  | (1,106 | )
Interest expense | 7,762 |  |  | — |  |  | — |  |  | 7,762 |
Income before provision for income taxes | 60,075 |  |  | 81,186 |  |  | (69 | ) |  | 141,192 |
Provision for income taxes | 10,613 |  |  | 16,724 |  |  | — |  |  | 27,337 |
Net income | $ | 49,462 |  |  | $ | 64,462 |  |  | $ | (69 | ) |  | $ | 113,855 |
| Nine months ended September 30, 2018
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Revenue: |  |  |  |  |  |  |
Motorcycles and Related Products | $ | 4,021,268 |  |  | $ | — |  |  | $ | (8,255 | ) |  | $ | 4,013,013 |
Financial Services | — |  |  | 559,436 |  |  | (1,436 | ) |  | 558,000 |
Total revenue | 4,021,268 |  |  | 559,436 |  |  | (9,691 | ) |  | 4,571,013 |
Costs and expenses: |  |  |  |  |  |  |
Motorcycles and Related Products cost of goods sold | 2,659,740 |  |  | — |  |  | — |  |  | 2,659,740 |
Financial Services interest expense | — |  |  | 145,089 |  |  | — |  |  | 145,089 |
Financial Services provision for credit losses | — |  |  | 72,462 |  |  | — |  |  | 72,462 |
Selling, administrative and engineering expense | 798,544 |  |  | 120,830 |  |  | (9,476 | ) |  | 909,898 |
Restructuring expense | 74,044 |  |  | — |  |  | — |  |  | 74,044 |
Total costs and expenses | 3,532,328 |  |  | 338,381 |  |  | (9,476 | ) |  | 3,861,233 |
Operating income | 488,940 |  |  | 221,055 |  |  | (215 | ) |  | 709,780 |
Other income (expense), net | 1,509 |  |  | — |  |  | — |  |  | 1,509 |
Investment income | 112,630 |  |  | — |  |  | (110,000 | ) |  | 2,630 |
Interest expense | 23,180 |  |  | — |  |  | — |  |  | 23,180 |
Income before provision for income taxes | 579,899 |  |  | 221,055 |  |  | (110,215 | ) |  | 690,739 |
Provision for income taxes | 110,529 |  |  | 49,254 |  |  | — |  |  | 159,783 |
Net income | $ | 469,370 |  |  | $ | 171,801 |  |  | $ | (110,215 | ) |  | $ | 530,956 |
| 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 | 687,823 |  |  | — |  |  | — |  |  | 687,823 |
Financial Services interest expense | — |  |  | 46,169 |  |  | — |  |  | 46,169 |
Financial Services provision for credit losses | — |  |  | 29,253 |  |  | — |  |  | 29,253 |
Selling, administrative and engineering expense | 257,357 |  |  | 39,383 |  |  | (3,202 | ) |  | 293,538 |
Total costs and expenses | 945,180 |  |  | 114,805 |  |  | (3,202 | ) |  | 1,056,783 |
Operating income | 19,762 |  |  | 75,127 |  |  | (477 | ) |  | 94,412 |
Other income (expense), net | 2,296 |  |  | — |  |  | — |  |  | 2,296 |
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 | 2,545,884 |  |  | — |  |  | — |  |  | 2,545,884 |
Financial Services interest expense | — |  |  | 133,866 |  |  | — |  |  | 133,866 |
Financial Services provision for credit losses | — |  |  | 99,059 |  |  | — |  |  | 99,059 |
Selling, administrative and engineering expense | 752,134 |  |  | 113,445 |  |  | (8,973 | ) |  | 856,606 |
Total costs and expenses | 3,298,018 |  |  | 346,370 |  |  | (8,973 | ) |  | 3,635,415 |
Operating income | 577,651 |  |  | 205,831 |  |  | (601 | ) |  | 782,881 |
Other income (expense), net | 6,887 |  |  | — |  |  | — |  |  | 6,887 |
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 |
Balance Sheet |
| September 30, 2018
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |
Cash and cash equivalents | $ | 576,670 |  |  | $ | 350,322 |  |  | $ | — |  |  | $ | 926,992 |
Marketable securities | 10,011 |  |  | — |  |  | — |  |  | 10,011 |
Accounts receivable, net | 640,416 |  |  | — |  |  | (308,107 | ) |  | 332,309 |
Finance receivables, net | — |  |  | 2,116,386 |  |  | — |  |  | 2,116,386 |
Inventories | 516,247 |  |  | — |  |  | — |  |  | 516,247 |
Restricted cash | — |  |  | 36,471 |  |  | — |  |  | 36,471 |
Other current assets | 106,259 |  |  | 44,783 |  |  | — |  |  | 151,042 |
Total current assets | 1,849,603 |  |  | 2,547,962 |  |  | (308,107 | ) |  | 4,089,458 |
Finance receivables, net | — |  |  | 5,187,176 |  |  | — |  |  | 5,187,176 |
Property, plant and equipment, net | 833,279 |  |  | 51,681 |  |  | — |  |  | 884,960 |
Prepaid pension costs | 140,763 |  |  | — |  |  | — |  |  | 140,763 |
Goodwill | 55,318 |  |  | — |  |  | — |  |  | 55,318 |
Deferred income taxes | 25,780 |  |  | 39,203 |  |  | (1,424 | ) |  | 63,559 |
Other long-term assets | 151,815 |  |  | 19,799 |  |  | (89,048 | ) |  | 82,566 |
| $ | 3,056,558 |  |  | $ | 7,845,821 |  |  | $ | (398,579 | ) |  | $ | 10,503,800 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |
Accounts payable | $ | 291,395 |  |  | $ | 327,679 |  |  | $ | (308,107 | ) |  | $ | 310,967 |
Accrued liabilities | 483,964 |  |  | 80,427 |  |  | 441 |  |  | 564,832 |
Short-term debt | — |  |  | 1,373,859 |  |  | — |  |  | 1,373,859 |
Current portion of long-term debt, net | — |  |  | 1,526,156 |  |  | — |  |  | 1,526,156 |
Total current liabilities | 775,359 |  |  | 3,308,121 |  |  | (307,666 | ) |  | 3,775,814 |
Long-term debt, net | 742,458 |  |  | 3,454,059 |  |  | — |  |  | 4,196,517 |
Pension liability | 54,138 |  |  | — |  |  | — |  |  | 54,138 |
Postretirement healthcare liability | 112,798 |  |  | — |  |  | — |  |  | 112,798 |
Other long-term liabilities | 170,464 |  |  | 38,003 |  |  | 3,094 |  |  | 211,561 |
Commitments and contingencies (Note 15) |  |  |  |  |  |  |
Shareholders’ equity | 1,201,341 |  |  | 1,045,638 |  |  | (94,007 | ) |  | 2,152,972 |
| $ | 3,056,558 |  |  | $ | 7,845,821 |  |  | $ | (398,579 | ) |  | $ | 10,503,800 |
| 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 |
| 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 15) |  |  |  |  |  |  |
Shareholders’ equity | 973,968 |  |  | 973,478 |  |  | (90,626 | ) |  | 1,856,820 |
| $ | 2,822,815 |  |  | $ | 7,710,573 |  |  | $ | (445,029 | ) |  | $ | 10,088,359 |
Cash Flows |
| Nine months ended September 30, 2018
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |
Net income | $ | 469,370 |  |  | $ | 171,801 |  |  | $ | (110,215 | ) |  | $ | 530,956 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |
Depreciation and amortization of intangibles | 193,289 |  |  | 3,172 |  |  | — |  |  | 196,461 |
Amortization of deferred loan origination costs | — |  |  | 61,213 |  |  | — |  |  | 61,213 |
Amortization of financing origination fees | 497 |  |  | 5,710 |  |  | — |  |  | 6,207 |
Provision for long-term employee benefits | 28,162 |  |  | — |  |  | — |  |  | 28,162 |
Employee benefit plan contributions and payments | (11,035 | ) |  | — |  |  | — |  |  | (11,035 | )
Stock compensation expense | 26,122 |  |  | 3,000 |  |  | — |  |  | 29,122 |
Net change in wholesale finance receivables related to sales | — |  |  | — |  |  | (18,400 | ) |  | (18,400 | )
Provision for credit losses | — |  |  | 72,462 |  |  | — |  |  | 72,462 |
Deferred income taxes | (2,991 | ) |  | 4,343 |  |  | 105 |  |  | 1,457 |
Other, net | 28,426 |  |  | 699 |  |  | 215 |  |  | 29,340 |
Changes in current assets and liabilities: |  |  |  |  |  |  |
Accounts receivable, net | (169,168 | ) |  | — |  |  | 154,384 |  |  | (14,784 | )
Finance receivables - accrued interest and other | — |  |  | 1,374 |  |  | — |  |  | 1,374 |
Inventories | 8,270 |  |  | — |  |  | — |  |  | 8,270 |
Accounts payable and accrued liabilities | 170,001 |  |  | 152,028 |  |  | (138,423 | ) |  | 183,606 |
Derivative instruments | 1,124 |  |  | 103 |  |  | — |  |  | 1,227 |
Other | 19,411 |  |  | 3,173 |  |  | (5,667 | ) |  | 16,917 |
Total adjustments | 292,108 |  |  | 307,277 |  |  | (7,786 | ) |  | 591,599 |
Net cash provided by operating activities | 761,478 |  |  | 479,078 |  |  | (118,001 | ) |  | 1,122,555 |
| Nine months ended September 30, 2018
| HDMC Entities |  | HDFS Entities |  | Eliminations |  | Consolidated
Cash flows from investing activities: |  |  |  |  |  |  |
Capital expenditures | (110,493 | ) |  | (9,352 | ) |  | — |  |  | (119,845 | )
Origination of finance receivables | — |  |  | (5,845,799 | ) |  | 2,806,639 |  |  | (3,039,160 | )
Collections on finance receivables | — |  |  | 5,363,333 |  |  | (2,798,638 | ) |  | 2,564,695 |
Other | (21,753 | ) |  | — |  |  | — |  |  | (21,753 | )
Net cash used by investing activities | (132,246 | ) |  | (491,818 | ) |  | 8,001 |  |  | (616,063 | )
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 | — |  |  | (224,507 | ) |  | — |  |  | (224,507 | )
Borrowings of asset-backed commercial paper | — |  |  | 120,903 |  |  | — |  |  | 120,903 |
Repayments of asset-backed commercial paper | — |  |  | (156,258 | ) |  | — |  |  | (156,258 | )
Net increase in credit facilities and unsecured commercial paper | — |  |  | 102,154 |  |  | — |  |  | 102,154 |
Dividends paid | (186,105 | ) |  | (110,000 | ) |  | 110,000 |  |  | (186,105 | )
Purchase of common stock for treasury | (195,998 | ) |  | — |  |  | — |  |  | (195,998 | )
Issuance of common stock under employee stock option plans | 3,157 |  |  | — |  |  | — |  |  | 3,157 |
Net cash used by financing activities | (378,946 | ) |  | (1,178 | ) |  | 110,000 |  |  | (270,124 | )
Effect of exchange rate changes on cash, cash equivalents and restricted cash | (11,802 | ) |  | (765 | ) |  | — |  |  | (12,567 | )
Net increase (decrease) in cash, cash equivalents and restricted cash | $ | 238,484 |  |  | $ | (14,683 | ) |  | $ | — |  |  | $ | 223,801 |
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 | 238,484 |  |  | (14,683 | ) |  | — |  |  | 223,801 |
Cash, cash equivalents and restricted cash—end of period | $ | 576,670 |  |  | $ | 393,341 |  |  | $ | — |  |  | $ | 970,011 |
| 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 |
Other | 7,272 |  |  | — |  |  | — |  |  | 7,272 |
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 | )
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 | ) |  | (53,105 | ) |  | 196,000 |  |  | (504,509 | )
Effect of exchange rate changes on cash, cash equivalents and restricted cash | 27,954 |  |  | 863 |  |  | — |  |  | 28,817 |
Net (decrease) increase in cash, cash equivalents and restricted cash | $ | (114,511 | ) |  | $ | 33,894 |  |  | $ | — |  |  | $ | (80,617 | )
Cash, cash equivalents and restricted cash: |  |  |  |  |  |  |
Cash, cash equivalents and restricted cash—beginning of period | $ | 425,540 |  |  | $ | 401,591 |  |  | $ | — |  |  | $ | 827,131 |
Net (decrease) increase in cash, cash equivalents and restricted cash | (114,511 | ) |  | 33,894 |  |  | — |  |  | (80,617 | )
Cash, cash equivalents and restricted cash—end of period | $ | 311,029 |  |  | $ | 435,485 |  |  | $ | — |  |  | $ | 746,514 |

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