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Accounts Receivable (Tables) | 12 Months Ended
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Dec. 31, 2021
Receivables [Abstract] |
Schedule of Accounts Receivable | Accounts receivable consisted of the following:
|  | December 31,
(Dollars in millions) |  | 2021 |  | 2020
Contracts in transit |  | $ | 304.9 |  |  | $ | 286.8 |
Trade receivables |  | 125.5 |  |  | 67.0 |
Vehicle receivables |  | 106.6 |  |  | 61.8 |
Manufacturer receivables |  | 120.5 |  |  | 118.1 |
Auto loan and lease receivables |  | 829.2 |  |  | 175.6 |
Other receivables |  | 43.2 |  |  | 11.6 |
|  | 1,529.9 |  |  | 720.9 |
Less: Allowance for doubtful accounts |  | (17.3) |  |  | (5.9) |
Less: Long-term portion of accounts receivable, net 1 |  | (602.6) |  |  | (101.0) |
Total accounts receivable, net |  | $ | 910.0 |  |  | $ | 614.0 |
1 The long-term portions of accounts receivable and allowance for doubtful accounts were included as a component of other non-current assets in the Consolidated Balance Sheets. See Note 1 for additional information on the allowance for credit losses related to auto loan receivables. The balance of auto loan and lease receivables is made up primarily of loans and leases secured by the related vehicles.
| December 31,
(Dollars in millions) | 2021 |  | 2020
Total Auto loan and lease receivables | $ | 829.2 |  |  | $ | 175.6 |
Less: Allowance for loan and lease losses | (25.0) |  |  | (12.9) |
Auto loan and lease receivables, net | $ | 804.2 |  |  | $ | 162.7 |
Below is a breakdown of the current and long term portions of our auto loan and lease receivables:
| December 31,
(Dollars in millions) | 2021 |  | 2020
Current portion of auto loan and lease receivables, net of allowance of $13.6 and $2.1 | $ | 224.5 |  |  | $ | 78.6 |
Long term portion of auto loan and lease receivables, net of allowance of $11.4 and $10.8 | 579.7 |  |  | 84.1 |
Auto loan and lease receivables, net | $ | 804.2 |  |  | $ | 162.7 |
Accounts Receivable, Allowance for Credit Loss | The allowances for credit losses related to auto loan and lease receivables consisted of the following changes during the period:
| Year Ended December 31,
(Dollars in millions) | 2021 |  | 2020
Allowance at beginning of period | $ | 12.9 |  |  | $ | 12.4 |
Charge-offs | (16.6) |  |  | (10.1) |
Recoveries | 8.8 |  |  | 1.5 |
Provision expense | 17.4 |  |  | 9.1 |
Allowance at end of period | 22.5 |  |  | 12.9 |
Lease portfolio loss reserve | 2.5 |  |  | — |
Total balance at end of period | $ | 25.0 |  |  | $ | 12.9 |
Financing Receivable Credit Quality Indicators | Ending auto loan receivables (principal balances) by FICO score:
| Year Ended December 31,
(Dollars in millions) | 2021 |  | 2020
<599 1 | $ | 83.2 |  |  | $ | 59.9 |
600-699 | 437.6 |  |  | 79.3 |
700-774 | 166.8 |  |  | 25.2 |
775+ | 37.4 |  |  | 10.3 |
Total auto loan receivables | 725.0 |  |  | 174.7 |
Lease portfolio and accrued interest | 104.2 |  |  | 0.9 |
Total auto loan and lease receivables | $ | 829.2 |  |  | $ | 175.6 |
1 Includes loans that are originated with no FICO score available.

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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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