| Schedule of Disaggregation of Revenue |
Disaggregated revenue by major source was as follows for the years ended December 31 (in thousands): | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | HDMC: | | | | | | | Motorcycles | $ | 2,657,675 | | | $ | 3,137,331 | | | $ | 3,798,977 | | | Parts and accessories | 614,072 | | | 651,964 | | | 698,095 | | | Apparel | 215,783 | | | 237,270 | | | 244,333 | | | Licensing | 21,672 | | | 22,748 | | | 28,599 | | | Other | 69,106 | | | 72,593 | | | 74,590 | | | 3,578,308 | | | 4,121,906 | | | 4,844,594 | | | | | | | | | | | | | | | | | | | | | | | | | | | LiveWire | 25,671 | | | 26,358 | | | 38,298 | | | Motorcycles and related products revenue | 3,603,979 | | | 4,148,264 | | | 4,882,892 | | | | | | | | | HDFS: | | | | | | | Interest income | 668,490 | | | 890,836 | | | 802,078 | | | Other | 200,706 | | | 147,702 | | | 151,508 | | | Financial services revenue | 869,196 | | | 1,038,538 | | | 953,586 | | | $ | 4,473,175 | | | $ | 5,186,802 | | | $ | 5,836,478 | |
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| Schedule of Deferred Revenue |
Contract liabilities, included in Accrued liabilities and Other long-term liabilities on the Consolidated balance sheets, were as follows as of December 31 (in thousands): | | | | | | | | | | | | | 2025 | | 2024 | | Balance, beginning of period | $ | 56,753 | | | $ | 47,091 | | | Balance, end of period | $ | 95,807 | | | $ | 56,753 | |
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