XML 47 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Receivables, Net
12 Months Ended
Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Receivables, Net
RECEIVABLES, NET
The components of receivables, net of allowance for doubtful accounts, at December 31 are as follows:

 
2014
 
2013
Trade receivables
$
125.0

 
$
110.9

Manufacturer receivables
198.3

 
172.9

Other
37.9

 
36.9

 
361.2

 
320.7

Less: Allowances
(3.7
)
 
(4.0
)
 
357.5

 
316.7

Contracts-in-transit and vehicle receivables
460.3

 
424.2

Receivables, net
$
817.8

 
$
740.9



Trade receivables represent amounts due for parts and services that have been delivered or sold, excluding amounts due from manufacturers, as well receivables from finance organizations for commissions on the sale of financing products. Manufacturer receivables represent receivables from manufacturers including amounts due for holdbacks, rebates, incentives, floorplan assistance, and warranty claims. Contracts-in-transit and vehicle receivables primarily represent receivables from financial institutions for the portion of the vehicle sales price financed by our customers.

We evaluate our receivables for collectability based on the age of receivables and past collection experience.