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Restructuring Activities (Tables) | 6 Months Ended
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Jun. 28, 2020
Restructuring and Related Activities [Abstract] |
Changes in the Accrued Restructuring Liability | Restructuring expenses related to 2020 restructuring activities initiated in the second quarter, by segment, were as follows (in millions):
|  |  |  |  | Three and Six months ended June 28, 2020 |  |  |  |
Motorcycles and Related Products |  |  |  |  | $ | 41.0 |  |  |  |  |
Financial Services |  |  |  |  | 0.9 |  |  |  |  |
|  |  |  |  | $ | 41.9 |  |  |  |  |
Changes in accrued restructuring expenses for the 2020 restructuring activities initiated in the second quarter of 2020 which are included in Accrued liabilities on the Consolidated balance sheets were as follows (in thousands):
| Three and Six months ended June 28, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Employee Termination Benefits |  | Contract Terminations & Other |  | Non-Current Asset Adjustments |  | Total |  |  |  |  |  |  |  |
Balance, beginning of period | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Restructuring expense | 25,321 |  |  | 14,270 |  |  | 2,358 |  |  | 41,949 |  |  |  |  |  |  |  |  |
Utilized – cash | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |  |
Utilized – non cash | — |  |  | — |  |  | (2,358) |  |  | (2,358) |  |  |  |  |  |  |  |  |
Foreign currency changes | (23) |  |  | — |  |  | — |  |  | (23) |  |  |  |  |  |  |  |  |
Balance, end of period | $ | 25,298 |  |  | $ | 14,270 |  |  | $ | — |  |  | $ | 39,568 |  |  |  |  |  |  |  |  |
Changes in accrued restructuring expenses for the 2018 restructuring activities which are included in Accrued liabilities on the Consolidated balance sheets during 2019 were as follows (in thousands). The changes in accrued restructuring expenses for the 2018 restructuring activities during the three and six months ended June 28, 2020 were immaterial.
| Three months ended June 30, 2019 |  |  |  |  |  |  |  |  |  |
| Manufacturing Optimization Plan |  |  |  |  |  |  |  | Reorganization Plan |  |
| Employee Termination Benefits |  | Accelerated Depreciation |  | Other |  | Total |  | Employee Termination Benefits |  | Total
Balance, beginning of period | $ | 22,401 |  |  | $ | — |  |  | $ | 187 |  |  | $ | 22,588 |  |  | $ | 1,051 |  |  | $ | 23,639 |
Restructuring expense (benefit) | 8 |  |  | 5,586 |  |  | 4,830 |  |  | 10,424 |  |  | (1) |  |  | 10,423 |
Utilized – cash | (12,734) |  |  | — |  |  | (4,294) |  |  | (17,028) |  |  | (882) |  |  | (17,910) |
Utilized – non cash | — |  |  | (5,586) |  |  | (696) |  |  | (6,282) |  |  | — |  |  | (6,282) |
Foreign currency changes | (14) |  |  | — |  |  | (4) |  |  | (18) |  |  | (24) |  |  | (42) |
Balance, end of period | $ | 9,661 |  |  | $ | — |  |  | $ | 23 |  |  | $ | 9,684 |  |  | $ | 144 |  |  | $ | 9,828 |
| Six months ended June 30, 2019 |  |  |  |  |  |  |  |  |  |
| Manufacturing Optimization Plan |  |  |  |  |  |  |  | Reorganization Plan |  |
| Employee Termination Benefits |  | Accelerated Depreciation |  | Other |  | Total |  | Employee Termination Benefits |  | Total
Balance, beginning of period | $ | 24,958 |  |  | $ | — |  |  | $ | 79 |  |  | $ | 25,037 |  |  | $ | 3,461 |  |  | $ | 28,498 |
Restructuring expense (benefit) | 17 |  |  | 13,965 |  |  | 10,466 |  |  | 24,448 |  |  | (395) |  |  | 24,053 |
Utilized – cash | (15,334) |  |  | — |  |  | (9,822) |  |  | (25,156) |  |  | (2,896) |  |  | (28,052) |
Utilized – non cash | — |  |  | (13,965) |  |  | (696) |  |  | (14,661) |  |  | — |  |  | (14,661) |
Foreign currency changes | 20 |  |  | — |  |  | (4) |  |  | 16 |  |  | (26) |  |  | (10) |
Balance, end of period | $ | 9,661 |  |  | $ | — |  |  | $ | 23 |  |  | $ | 9,684 |  |  | $ | 144 |  |  | $ | 9,828 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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