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Revenue Recognition Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2020

Revenue Recognition [Abstract]

Disaggregation of Revenue

In the following tables, revenue is disaggregated by major lines of goods and services and timing of transfer of goods and services. We have determined that these categories depict how the nature, amount, timing, and uncertainty of our revenue and cash flows are affected by economic factors. The tables below also include a reconciliation of the disaggregated revenue to reportable segment revenue.

						Year Ended December 31, 2020
						Domestic						Import						Premium Luxury						Corporate and other(1)						Total
Major Goods/Service Lines
New vehicle						$	3,411.1					$	3,283.7					$	3,723.8					$	—					$	10,418.6
Used vehicle						1,781.4						1,516.5						2,125.9						177.5						5,601.3
Parts and service						891.5						811.3						1,058.1						496.5						3,257.4
Finance and insurance, net						370.5						361.7						294.7						32.4						1,059.3
Other						36.1						14.8						0.3						2.2						53.4
						$	6,490.6					$	5,988.0					$	7,202.8					$	708.6					$	20,390.0
Timing of Revenue Recognition
Goods and services transferred at a point in time						$	5,841.6					$	5,343.8					$	6,301.3					$	413.7					$	17,900.4
Goods and services transferred over time(2)						649.0						644.2						901.5						294.9						2,489.6
						$	6,490.6					$	5,988.0					$	7,202.8					$	708.6					$	20,390.0

						Year Ended December 31, 2019
						Domestic						Import						Premium Luxury						Corporate and other(1)						Total
Major Goods/Service Lines
New vehicle						$	3,502.5					$	3,695.6					$	3,968.4					$	—					$	11,166.5
Used vehicle						1,769.5						1,501.9						2,045.6						149.5						5,466.5
Parts and service						959.0						889.7						1,136.0						587.4						3,572.1
Finance and insurance, net						354.6						368.3						279.2						21.2						1,023.3
Other						85.8						13.2						5.6						2.7						107.3
						$	6,671.4					$	6,468.7					$	7,434.8					$	760.8					$	21,335.7
Timing of Revenue Recognition
Goods and services transferred at a point in time						$	5,969.6					$	5,768.3					$	6,467.5					$	399.3					$	18,604.7
Goods and services transferred over time(2)						701.8						700.4						967.3						361.5						2,731.0
						$	6,671.4					$	6,468.7					$	7,434.8					$	760.8					$	21,335.7

						Year Ended December 31, 2018
						Domestic						Import						Premium Luxury						Corporate and other(1)						Total
Major Goods/Service Lines
New vehicle						$	3,900.8					$	4,046.4					$	3,804.4					$	—					$	11,751.6
Used vehicle						1,725.2						1,418.7						1,875.1						104.3						5,123.3
Parts and service						1,082.8						934.8						1,082.2						347.8						3,447.6
Finance and insurance, net						344.4						362.6						246.0						28.4						981.4
Other						81.3						23.9						3.2						0.5						108.9
						$	7,134.5					$	6,786.4					$	7,010.9					$	481.0					$	21,412.8
Timing of Revenue Recognition
Goods and services transferred at a point in time						$	6,441.2					$	6,079.1					$	6,098.3					$	140.9					$	18,759.5
Goods and services transferred over time(2)						693.3						707.3						912.6						340.1						2,653.3
						$	7,134.5					$	6,786.4					$	7,010.9					$	481.0					$	21,412.8
(1) “Corporate and other” is comprised of our other businesses, including collision centers, auction operations, AutoNation USA used vehicle stores, and parts distribution centers.
(2) Represents revenue recognized during the period for automotive repair and maintenance services.

Contract Assets and Liabilities

The following table provides the balances at December 31 of our receivables from contracts with customers and our current and long-term contract assets and contract liabilities:

			2020						2019						2018
Receivables from contracts with customers, net			$	595.0					$	662.0					$	706.7
Contract Asset (Current)			$	25.7					$	26.7					$	28.2
Contract Asset (Long-Term)			$	10.2					$	7.0					$	17.4
Contract Liability (Current)			$	32.5					$	32.6					$	31.6
Contract Liability (Long-Term)			$	56.0					$	57.7					$	61.9

The change in the balances of our contract assets and contract liabilities primarily result from the timing differences between our performance and the customer’s payment, as well as changes in the estimated transaction price related to variable consideration that was constrained for performance obligations satisfied in previous periods. The following table presents revenue recognized during the year from amounts included in the contract liability balance at the beginning of the period and performance obligations satisfied in previous periods:

			2020						2019						2018
Amounts included in contract liability at the beginning of the period			$	31.0					$	35.1					$	29.8
Performance obligations satisfied in previous periods			$	19.0					$	9.3					$	23.6

Other significant changes include contract assets reclassified to receivables of $26.1 million during 2020 and $30.0 million in 2019.

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The following table includes estimated revenue expected to be recognized in the future related to VCP performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period.

						Revenue Expected to Be Recognized by Period
						Total						Next 12 Months						13 - 36 Months						37 - 60 Months
Revenue expected to be recognized on VCP contracts sold as of period end						$	88.2					$	32.2					$	42.3					$	13.7

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

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