HARLEY-DAVIDSON INC
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
HOG$34.20+4.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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17. Accumulated Other Comprehensive Loss
- Accumulated Other Comprehensive Loss
Changes in Accumulated other comprehensive lossfor the years ended December 31, were as follows (in thousands):
| 2023 | ||||
|---|---|---|---|---|
| Foreign currency translation adjustments | Derivative financial instruments | Pension and postretirement benefit plans | Total | |
| Balance, beginning of period | $(80,271) | $(10,440) | $(251,218) | $(341,929) |
| Other comprehensive income, before reclassifications | 11,845 | 48,583 | 34,005 | 94,433 |
| Income tax expense | (313) | (11,322) | (7,984) | (19,619) |
| 11,532 | 37,261 | 26,021 | 74,814 | |
| Reclassifications: | ||||
| Net gains on derivative financial instruments | — | (43,678) | — | (43,678) |
| Prior service credits(a) | — | — | 86 | 86 |
| Actuarial gains(a) | — | — | (5,110) | (5,110) |
| Settlement gains(a) | — | — | (759) | (759) |
| Reclassifications before tax | — | (43,678) | (5,783) | (49,461) |
| Income tax benefit | — | 10,256 | 1,358 | 11,614 |
| — | (33,422) | (4,425) | (37,847) | |
| Other comprehensive income | 11,532 | 3,839 | 21,596 | 36,967 |
| Balance, end of period | $(68,739) | $(6,601) | $(229,622) | $(304,962) |
| 2022 | ||||
|---|---|---|---|---|
| Foreign currency translation adjustments | Derivative financial instruments | Pension and postretirement benefit plans | Total | |
| Balance, beginning of period | $(44,401) | $(2,005) | $(194,513) | $(240,919) |
| Other comprehensive loss, before reclassifications | (32,769) | (44,767) | (100,154) | (177,690) |
| Income tax (expense) benefit | (3,101) | 9,611 | 23,516 | 30,026 |
| (35,870) | (35,156) | (76,638) | (147,664) | |
| Reclassifications: | ||||
| Net losses on derivative financial instruments | — | 33,598 | — | 33,598 |
| Prior service credits(a) | — | — | (3,635) | (3,635) |
| Actuarial losses(a) | — | — | 32,400 | 32,400 |
| Settlement gains(a) | — | — | (2,715) | (2,715) |
| Reclassifications before tax | — | 33,598 | 26,050 | 59,648 |
| Income tax expense | — | (6,877) | (6,117) | (12,994) |
| — | 26,721 | 19,933 | 46,654 | |
| Other comprehensive loss | (35,870) | (8,435) | (56,705) | (101,010) |
| Balance, end of period | $(80,271) | $(10,440) | $(251,218) | $(341,929) |
| 2021 | ||||
|---|---|---|---|---|
| Foreign currency translation adjustments | Derivative financial instruments | Pension and postretirement benefit plans | Total | |
| Balance, beginning of period | $(7,589) | $(46,116) | $(429,712) | $(483,417) |
| Other comprehensive (loss) income, before reclassifications | (38,988) | (73,207) | 251,790 | 139,595 |
| Income tax benefit (expense) | 2,176 | 15,883 | (59,120) | (41,061) |
| (36,812) | (57,324) | 192,670 | 98,534 | |
| Reclassifications: | ||||
| Net losses on derivative financial instruments | — | 130,609 | — | 130,609 |
| Prior service credits(a) | — | — | (3,570) | (3,570) |
| Actuarial losses(a) | — | — | 68,989 | 68,989 |
| Curtailment and settlement gains(a) | — | — | (9,840) | (9,840) |
| Reclassifications before tax | — | 130,609 | 55,579 | 186,188 |
| Income tax expense | — | (29,174) | (13,050) | (42,224) |
| — | 101,435 | 42,529 | 143,964 | |
| Other comprehensive (loss) income | (36,812) | 44,111 | 235,199 | 242,498 |
| Balance, end of period | $(44,401) | $(2,005) | $(194,513) | $(240,919) |
(a)Amounts reclassified are included in the computation of net periodic benefit cost, discussed further in Note 14.
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