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FLOORPLAN NOTES PAYABLE (Tables)

3 Months Ended

Mar. 31, 2021

Line of Credit Facility [Abstract]

Schedule of floorplan notes payable

The Company’s floorplan notes payable consisted of the following (in millions):

						March 31, 2021						December 31, 2020
Revolving credit facility — floorplan notes payable						$	808.5					$	901.6
Revolving credit facility — floorplan notes payable offset account						(231.9)						(160.4)
Revolving credit facility — floorplan notes payable, net						576.6						741.2
Other non-manufacturer facilities						39.8						26.4
Floorplan notes payable — credit facility and other, net						$	616.4					$	767.6
FMCC Facility						$	82.5					$	111.2
FMCC Facility offset account						(12.9)						(16.0)
FMCC Facility, net						69.6						95.2
Other manufacturer affiliate facilities						258.1						232.3
Floorplan notes payable — manufacturer affiliates, net						$	327.8					$	327.5

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- References

No definition available.

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

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