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ACCOUNTS RECEIVABLE AND OTHER NON-CURRENT ASSETS (Tables)
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Schedule of Accounts Receivable
Accounts receivable consisted of the following:
(in millions)September 30, 2022December 31, 2021
Contracts in transit$356.9 $304.9 
Trade receivables115.2 125.5 
Vehicle receivables114.0 106.6 
Manufacturer receivables145.8 120.5 
Auto loan and lease receivables1,821.5 829.2 
Other receivables17.2 43.2 
 2,570.6 1,529.9 
Less: Allowance for doubtful accounts(37.0)(17.3)
Less: Long-term portion of accounts receivable, net1
(1,529.0)(602.6)
Total accounts receivable, net$1,004.6 $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)September 30, 2022December 31, 2021
Total Auto loan and lease receivables$1,821.5 $829.2 
Less: Allowance for loan and lease losses(52.4)(25.0)
Auto loan and lease receivables, net$1,769.1 $804.2 
Below is a breakdown of the current and long term portions of our auto loan and lease receivables:
(Dollars in millions)September 30, 2022December 31, 2021
Current portion of auto loan and lease receivables, net of allowance of $33.8 and $13.6
$267.7 $224.5 
Long term portion of auto loan and lease receivables, net of allowance of $18.6 and $11.4
1,501.4 579.7 
Auto loan and lease receivables, net$1,769.1 $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:
Nine Months Ended September 30,
(Dollars in millions)20222021
Allowance for loan losses at beginning of period$22.5 $12.9 
Charge-offs(36.3)(9.7)
Recoveries12.2 6.1 
Provision expense49.7 6.0 
Allowance for loan losses at end of period48.1 15.3 
Allowance for lease losses4.3 1.9 
Total allowance for loan and lease losses balance at end of period$52.4 $17.2 
Financing Receivable Credit Quality Indicators
Ending auto loan receivables (principal balances) by FICO score:
(Dollars in millions)September 30, 2022December 31, 2021
<5991
$97.9 $83.2 
600-699811.7 437.6 
700-774526.4 166.8 
775+250.5 37.4 
Total auto loan receivables1,686.5 725.0 
Lease portfolio and accrued interest135.0 104.2 
Total auto loan and lease receivables$1,821.5 $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)September 30, 2022December 31, 2021
Long term portion of auto loan and lease receivables, net of allowance of $18.6 and $11.4
$1,501.4 $579.7 
Unallocated acquisition purchase price456.6 1,554.6 
Other258.1 254.4 
Other non-current assets$2,216.1 $2,388.7