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v3.23.2

Asset-Backed Financing (Tables) | 6 Months Ended
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Jun. 30, 2023
Transfers and Servicing [Abstract] |
Schedule of Assets and Liabilities Related to the On-Balance Sheet Financing | The assets and liabilities related to the on-balance sheet asset-backed financings included in the Consolidated balance sheets were as follows (in thousands):
| June 30, 2023
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt, net
On-balance sheet assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed securitizations | $ | 2,361,561 |  |  | $ | (124,796) |  |  | $ | 115,616 |  |  | $ | 8,977 |  |  | $ | 2,361,358 |  |  | $ | 1,924,545 |
Asset-backed U.S. commercial paper conduit facility | 351,848 |  |  | (18,585) |  |  | 24,486 |  |  | 1,655 |  |  | 359,404 |  |  | 318,406 |
Unconsolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 96,278 |  |  | (4,235) |  |  | 6,805 |  |  | 169 |  |  | 99,017 |  |  | 84,269 |
| $ | 2,809,687 |  |  | $ | (147,616) |  |  | $ | 146,907 |  |  | $ | 10,801 |  |  | $ | 2,819,779 |  |  | $ | 2,327,220 |
| December 31, 2022
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt, net
On-balance sheet assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed securitizations | $ | 2,558,450 |  |  | $ | (130,774) |  |  | $ | 114,254 |  |  | $ | 7,899 |  |  | $ | 2,549,829 |  |  | $ | 2,019,414 |
Asset-backed U.S. commercial paper conduit facility | 474,167 |  |  | (24,236) |  |  | 26,874 |  |  | 1,906 |  |  | 478,711 |  |  | 425,794 |
Unconsolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 82,375 |  |  | (3,452) |  |  | 4,873 |  |  | 130 |  |  | 83,926 |  |  | 71,785 |
| $ | 3,114,992 |  |  | $ | (158,462) |  |  | $ | 146,001 |  |  | $ | 9,935 |  |  | $ | 3,112,466 |  |  | $ | 2,516,993 |
| June 26, 2022
| Finance receivables |  | Allowance for credit losses |  | Restricted cash |  | Other assets |  | Total assets |  | Asset-backed debt, net
On-balance sheet assets and liabilities: |  |  |  |  |  |  |  |  |  |  |
Consolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed securitizations | $ | 3,477,839 |  |  | $ | (173,853) |  |  | $ | 202,029 |  |  | $ | 3,432 |  |  | $ | 3,509,447 |  |  | $ | 2,847,921 |
Asset-backed U.S. commercial paper conduit facility | 630,305 |  |  | (31,491) |  |  | 43,701 |  |  | 782 |  |  | 643,297 |  |  | 570,628 |
Unconsolidated VIEs: |  |  |  |  |  |  |  |  |  |  |
Asset-backed Canadian commercial paper conduit facility | 88,197 |  |  | (3,598) |  |  | 6,481 |  |  | 76 |  |  | 91,156 |  |  | 77,984 |
| $ | 4,196,341 |  |  | $ | (208,942) |  |  | $ | 252,211 |  |  | $ | 4,290 |  |  | $ | 4,243,900 |  |  | $ | 3,496,533 |
Schedule of Transfer of Financial Assets Accounted for as Sales | Quarterly transfers of U.S. retail motorcycle finance receivables to SPEs, the respective proceeds, and the respective proceeds, net of discounts and issuance costs were as follows (in millions):
| 2023 |  | 2022
| Transfers |  | Proceeds |  | Proceeds, net |  | Transfers |  | Proceeds |  | Proceeds, net
First quarter | $ | 628.5 |  |  | $ | 550.0 |  |  | $ | 547.7 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Second quarter | $ | — |  |  | $ | — |  |  | $ | — |  |  | 2,176.4 |  |  | 1,836.3 |  |  | 1,826.9 |
| $ | 628.5 |  |  | $ | 550.0 |  |  | $ | 547.7 |  |  | $ | 2,176.4 |  |  | $ | 1,836.3 |  |  | $ | 1,826.9 |

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- Definition Tabular disclosure of the carrying amount and classification of assets and liabilities recognized in the transferor's statement of financial position at the end of each period presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (b)(1) -SubTopic 30 -Topic 860 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481420/860-30-50-1A + Details
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- Definition Tabular disclosure of derecognized financial assets from transactions which comprise an initial transfer and an agreement entered into in contemplation of the initial transfer resulting in retention of substantially all of the exposure to the economic return throughout the term of the transaction. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 4D -SubTopic 20 -Topic 860 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481326/860-20-50-4D + Details
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