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Fair Value (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

Recurring Fair Value Measurements – The Company’s assets and liabilities measured at fair value on a recurring basis were as follows (in thousands):

			September 30, 2024
			Balance						Level 1						Level 2
Assets:
Cash equivalents			$	1,847,818					$	1,603,315					$	244,503
Marketable securities			33,816						33,816						—
Derivative financial instruments			19,804						—						19,804
			$	1,901,438					$	1,637,131					$	264,307
Liabilities:
Derivative financial instruments			$	14,235					$	—					$	14,235
LiveWire warrants			3,189						2,086						1,103
			$	17,424					$	2,086					$	15,338

			December 31, 2023
			Balance						Level 1						Level 2
Assets:
Cash equivalents			$	1,067,755					$	898,000					$	169,755
Marketable securities			34,079						34,079						—
Derivative financial instruments			19,073						—						19,073
			$	1,120,907					$	932,079					$	188,828
Liabilities:
Derivative financial instruments			$	12,806					$	—					$	12,806
LiveWire warrants			12,319						8,059						4,260
			$	25,125					$	8,059					$	17,066
			September 30, 2023
			Balance						Level 1						Level 2
Assets:
Cash equivalents			$	1,330,576					$	1,071,000					$	259,576
Marketable securities			32,664						32,664						—
Derivative financial instruments			17,620						—						17,620
			$	1,380,860					$	1,103,664					$	277,196
Liabilities:
Derivative financial instruments			$	60,288					$	—					$	60,288
LiveWire warrants			10,631						$	6,955					$	3,676
			$	70,919					$	6,955					$	63,964

Schedule of the Fair Value and Carrying Value of the Company's Financial Instruments

The fair value and carrying value of the Company’s remaining financial instruments that are measured at cost or amortized cost were as follows (in thousands):

			September 30, 2024												December 31, 2023												September 30, 2023
			Fair Value						Carrying Value						Fair Value						Carrying Value						Fair Value						Carrying Value
Assets:
Finance receivables, net			$	7,865,082					$	7,800,387					$	7,500,263					$	7,498,265					$	7,668,607					$	7,655,224
Liabilities:
Deposits, net			$	551,806					$	549,010					$	460,766					$	447,782					$	498,834					$	478,933
Debt:
Unsecured commercial paper			$	497,373					$	497,373					$	878,935					$	878,935					$	815,081					$	815,081
Asset-backed U.S. commercial paper conduit facility			$	378,968					$	378,968					$	233,258					$	233,258					$	272,766					$	272,766
Asset-backed Canadian commercial paper conduit facility			$	94,142					$	94,142					$	70,742					$	70,742					$	79,755					$	79,755
Asset-backed securitization debt			$	2,258,289					$	2,244,742					$	1,872,215					$	1,877,368					$	2,121,724					$	2,138,684
Medium-term notes			$	3,882,407					$	3,836,572					$	3,308,952					$	3,319,138					$	3,156,412					$	3,257,396
Senior notes			$	703,108					$	746,618					$	674,787					$	746,079					$	642,746					$	745,900

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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