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Receivables, Net and Contract Assets (Tables)
 12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Accounts and Notes Receivable The Company’s receivables and contract assets consisted of the following (in millions):
 December 31,
 20202019
Contracts-in-transit and vehicle receivables, net:
Contracts-in-transit$147.1 $169.9 
Vehicle receivables64.5 84.3 
Total contracts-in-transit and vehicle receivables211.5 254.1 
Less: allowance for doubtful accounts (1)
0.3 0.3 
Total contracts-in-transit and vehicle receivables, net$211.2 $253.8 
Accounts and notes receivables, net:
Manufacturer receivables$108.7 $123.9 
Parts and service receivables53.2 57.0 
F&I receivables27.4 28.3 
Other13.8 18.7 
Total accounts and notes receivables203.1 227.9 
Less: allowance for doubtful accounts (1)
3.2 2.8 
Total accounts and notes receivables, net$200.0 $225.1 
Within Other current assets and Other long-term assets:
Total contract assets (1), (2)
$35.3 $21.6 
(1) The allowance for doubtful accounts as of December 31, 2020 is calculated under the current expected credit loss (“CECL”) model described below, which was introduced under ASU 2016-13, Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASC 326”), that became effective for the Company on January 1, 2020. The adoption of ASC 326 did not materially change the calculation of the allowance for doubtful accounts.(2) See further discussion of the Company’s Contract Assets balance at Note 2. Revenues. No allowance for doubtful accounts was recorded as of December 31, 2020 or December 31, 2019.