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Receivables, Net | 6 Months Ended
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Jun. 30, 2022
Receivables [Abstract] |
Receivables, Net | RECEIVABLES, NET The components of receivables, net of allowances for expected credit losses, are as follows:
| June 30, 2022 |  | December 31, 2021
Contracts-in-transit and vehicle receivables | $ | 328.0 |  |  | $ | 347.4 |
Trade receivables | 157.7 |  |  | 162.6 |
Manufacturer receivables | 148.4 |  |  | 148.4 |
Income taxes receivable (see Note 8) | 5.5 |  |  | — |
Other | 69.4 |  |  | 77.0 |
| 709.0 |  |  | 735.4 |
Less: allowances for expected credit losses | (3.6) |  |  | (5.4) |
Receivables, net | $ | 705.4 |  |  | $ | 730.0 |
Contracts-in-transit and vehicle receivables primarily represent receivables from financial institutions for the portion of the vehicle sales price financed by our customers. Trade receivables represent amounts due for parts and services sold, excluding amounts due from manufacturers, as well as receivables from finance organizations for commissions on the sale of finance and insurance products. Manufacturer receivables represent amounts due from manufacturers for holdbacks, rebates, incentives, floorplan assistance, and warranty claims. We evaluate our receivables for collectability based on past collection experience, current information, and reasonable and supportable forecasts.

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- Definition The entire disclosure for accounts receivable, contract receivable, receivable held-for-sale, and nontrade receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -URI http://asc.fasb.org/topic&trid=2196771 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -URI http://asc.fasb.org/topic&trid=82887179 + Details
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- References No definition available. + Details
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