v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 3,091,744 $ 1,589,608
Accounts receivable, net 225,760 234,315
Finance receivables held for sale, net 264,238 0
Finance receivables held for investment, net of allowance of $5,591 and $72,244 981,926 2,031,496
Inventories, net 730,898 745,793
Restricted cash 0 135,661
Other current assets 292,383 259,764
Current assets 5,586,949 4,996,637
Finance receivables held for investment, net of (recovery) allowance of $(7,826) and $328,939 719,060 5,256,798
Property, plant and equipment, net 750,224 757,072
Pension and postretirement assets 546,303 440,825
Goodwill 63,913 61,655
Deferred income taxes 73,792 175,826
Lease assets 82,542 63,853
Other long-term assets 222,032 128,913
Assets 8,044,815 11,881,579
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 389,237 298,718
Accrued liabilities 671,957 593,960
Short-term deposits, net 280,095 173,099
Short-term debt 497,776 640,204
Current portion of long-term debt, net 819,629 1,851,513
Current liabilities 2,658,694 3,557,494
Long-term deposits, net 256,549 377,487
Long-term debt, net 1,649,612 4,468,665
Lease liabilities 69,425 47,420
Pension and postretirement liabilities 53,135 53,874
Deferred income taxes 5,506 16,889
Other long-term liabilities 195,044 201,250
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Preferred stock, none issued 0 0
Common stock (Note 4) 1,726 1,720
Additional paid-in-capital 1,790,175 1,792,523
Retained earnings 3,717,408 3,465,058
Accumulated other comprehensive loss (257,137) (332,706)
Treasury stock, at cost (Note 4) (2,111,504) (1,760,548)
Total Harley-Davidson, Inc. shareholders' equity 3,140,668 3,166,047
Noncontrolling interest 16,182 (7,547)
Total equity 3,156,850 3,158,500
Total liabilities and shareholders' equity $ 8,044,815 $ 11,881,579