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Inventory Financing Agreements (Tables)
12 Months Ended
Dec. 31, 2017
Inventory Financing Agreements [Abstract]  
Inventory Financing Agreements
Amounts included in accounts payable-inventory financing are as follows:
 
 
December 31,
(in millions)
 
2017
 
2016
Revolving Loan inventory financing agreement(1)
 
$
480.9

 
$
558.3

Other inventory financing agreements(2)
 
17.1

 
22.1

Accounts payable-inventory financing
 
$
498.0

 
$
580.4


(1)
The Senior Secured Asset-Based Revolving Credit Facility (“Revolving Loan”) includes an inventory floorplan sub-facility that enables the Company to maintain an inventory financing agreement with a financial intermediary to facilitate the purchase of inventory from certain vendors on more favorable terms than offered directly by the vendors.
(2)
The Company also maintains other inventory financing agreements with financial intermediaries to facilitate the purchase of inventory from certain vendors. As of December 31, 2017 and 2016, amounts collateralized by the inventory purchased under these financing agreements and a second lien on the related accounts receivable were $1 million and $3 million, respectively.