HARLEY-DAVIDSON INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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):
| 2024 | ||||
|---|---|---|---|---|
| Foreign currency translation adjustments | Derivative financial instruments | Pension and postretirement benefit plans | Total | |
| Balance, beginning of period | $(68,739) | $(6,601) | $(229,622) | $(304,962) |
| Other comprehensive loss, before reclassifications | (26,257) | (11,084) | (21,212) | (58,553) |
| Income tax benefit | 3,894 | 2,816 | 4,981 | 11,691 |
| (22,363) | (8,268) | (16,231) | (46,862) | |
| Reclassifications: | ||||
| Net losses on derivative financial instruments | — | 29,448 | — | 29,448 |
| Prior service credits(a) | — | — | 1,346 | 1,346 |
| Actuarial gains(a) | — | — | (5,649) | (5,649) |
| Reclassifications before tax | — | 29,448 | (4,303) | 25,145 |
| Income tax (expense) benefit | — | (7,037) | 1,010 | (6,027) |
| — | 22,411 | (3,293) | 19,118 | |
| Other comprehensive (loss) income | (22,363) | 14,143 | (19,524) | (27,744) |
| Balance, end of period | $(91,102) | $7,542 | $(249,146) | $(332,706) |
| 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) |
(a)Amounts reclassified are included in the computation of net periodic benefit cost, discussed further in Note 14.
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