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ACCOUNTS RECEIVABLE AND OTHER NON-CURRENT ASSETS (Tables)
 6 Months Ended
Jun. 30, 2022
Accounts Receivable, after Allowance for Credit Loss [Abstract]  
Schedule of Accounts Receivable
Accounts receivable consisted of the following:
(in millions)June 30, 2022December 31, 2021
Contracts in transit$391.8 $304.9 
Trade receivables109.9 125.5 
Vehicle receivables121.4 106.6 
Manufacturer receivables131.4 120.5 
Auto loan and lease receivables1,412.2 829.2 
Other receivables20.8 43.2 
 2,187.5 1,529.9 
Less: Allowance for doubtful accounts(22.0)(17.3)
Less: Long-term portion of accounts receivable, net1
(1,187.1)(602.6)
Total accounts receivable, net$978.4 $910.0 
1The 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.
(Dollars in millions)June 30, 2022December 31, 2021
Total Auto loan and lease receivables$1,412.2 $829.2 
Less: Allowance for loan and lease losses(37.4)(25.0)
Auto loan and lease receivables, net$1,374.8 $804.2 
Below is a breakdown of the current and long term portions of our auto loan and lease receivables:
(Dollars in millions)June 30, 2022December 31, 2021
Current portion of auto loan and lease receivables, net of allowance of $18.8 and $13.6
$216.1 $224.5 
Long term portion of auto loan and lease receivables, net of allowance of $18.6 and $11.4
1,158.7 579.7 
Auto loan and lease receivables, net$1,374.8 $804.2 
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:
Six Months Ended June 30,
(Dollars in millions)20222021
Allowance for loan losses at beginning of period$22.5 $13.9 
Charge-offs(20.1)(5.5)
Recoveries8.1 3.7 
Provision expense23.0 1.2 
Allowance for loan losses at end of period33.5 13.3 
Allowance for lease losses3.9 — 
Total allowance for loan and lease losses balance at end of period$37.4 $13.3 
Financing Receivable Credit Quality Indicators
Ending auto loan receivables (principal balances) by FICO score:
(Dollars in millions)June 30, 2022December 31, 2021
<5991
$89.6 $83.2 
600-699676.3 437.6 
700-774379.3 166.8 
775+149.2 37.4 
Total auto loan receivables1,294.4 725.0 
Lease portfolio and accrued interest117.8 104.2 
Total auto loan and lease receivables$1,412.2 $829.2 
1Includes loans that are originated with no FICO score available.
Schedule of Other Non-Current Assets
The long-term portion of auto loan and lease receivables was included as a component of other non-current assets in the Consolidated Balance Sheets as follows:
(Dollars in millions)June 30, 2022December 31, 2021
Long term portion of auto loan and lease receivables, net of allowance of $18.6 and $11.4
$1,158.7 $579.7 
Unallocated acquisition purchase price970.3 1,554.6 
Other258.7 254.4 
Other non-current assets$2,387.7 $2,388.7