XML 41 R28.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Auto Loan Receivables (Tables) | 12 Months Ended
--- | ---
Feb. 28, 2014
Auto Loan Receivables [Abstract] |
Auto Loan Receivables, Net |
| As of February 28
(In millions) |  | 2014 |  |  | 2013 |
Warehouse facilities | $ | 879.0 |  | $ | 792.0 |
Term securitizations |  | 6,145.5 |  |  | 4,989.7 |
Other receivables (1) |  | 159.9 |  |  | 151.6 |
Total ending managed receivables |  | 7,184.4 |  |  | 5,933.3 |
Accrued interest and fees |  | 26.3 |  |  | 24.9 |
Other |  | 7.0 |  |  | (5.0) |
Less allowance for loan losses |  | (69.9) |  |  | (57.3) |
Auto loan receivables, net | $ | 7,147.8 |  | $ | 5,895.9 |
(1)Other receivables includes receivables not funded through the warehouse facilities or term securitizations.
Ending Managed Receivables By Major Credit Grade |
|  | As of February 28
(In millions) |  |  | 2014 (1) |  | % (2) |  |  | 2013 (1) |  | % (2)
A |  | $ | 3,506.0 |  | 48.8 |  | $ | 2,841.4 |  | 47.9
B |  |  | 2,658.5 |  | 37.0 |  |  | 2,265.6 |  | 38.2
C and other |  |  | 1,019.9 |  | 14.2 |  |  | 826.3 |  | 13.9
Total ending managed receivables |  | $ | 7,184.4 |  | 100.0 |  | $ | 5,933.3 |  | 100.0
(1)Classified based on credit grade assigned when customers were initially approved for financing. (2)Percent of total ending managed receivables.
Allowance For Loan Losses |
|  | As of February 28
(In millions) |  |  | 2014 |  | % (1) |  |  | 2013 |  | % (1)
Balance as of beginning of year |  | $ | 57.3 |  | 0.97 |  | $ | 43.3 |  | 0.87
Charge-offs |  |  | (134.3) |  |  |  |  | (103.1) |  |
Recoveries |  |  | 74.7 |  |  |  |  | 60.9 |  |
Provision for loan losses |  |  | 72.2 |  |  |  |  | 56.2 |  |
Balance as of end of year |  | $ | 69.9 |  | 0.97 |  | $ | 57.3 |  | 0.97
(1)Percent of total ending managed receivables as of the corresponding reporting date.
Past Due Receivables |
|  | As of February 28
(In millions) |  |  | 2014 |  | % (1) |  |  | 2013 |  | % (1)
Total ending managed receivables |  | $ | 7,184.4 |  | 100.0 |  | $ | 5,933.3 |  | 100.0
Delinquent loans: |  |  |  |  |  |  |  |  |  |
31-60 days past due |  | $ | 126.6 |  | 1.8 |  | $ | 109.5 |  | 1.8
61-90 days past due |  |  | 42.6 |  | 0.6 |  |  | 32.7 |  | 0.6
Greater than 90 days past due |  |  | 16.0 |  | 0.2 |  |  | 12.0 |  | 0.2
Total past due |  | $ | 185.2 |  | 2.6 |  | $ | 154.2 |  | 2.6
(1)Percent of total ending managed receivables

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_LoansReceivableNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953401-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the activity in the total allowance for credit losses related to noncurrent financing receivables (such as loans or lease receivables), including the balance in the allowance at the beginning and end of each period, additions charged to operations, direct write-downs charged against the allowance, and recoveries of amounts previously charged off. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953423-111524 + Details
Name: | us-gaap_ScheduleOfCreditLossesRelatedToFinancingReceivablesNoncurrentTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration