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REVENUES (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenues Disaggregated by Revenue Source and Geographical Segment

The following tables present the Company's revenues disaggregated by its geographical segments (in millions):

						Year Ended December 31, 2021
						U.S.						U.K.												Total
New vehicle retail sales						$	5,371.4					$	1,133.3											$	6,504.8
Used vehicle retail sales						3,356.3						1,082.5												4,438.8
Used vehicle wholesale sales						232.2						133.6												365.7
Total new and used vehicle sales						8,959.9						2,349.4												11,309.3
Parts and service sales (1)						1,361.4						229.8												1,591.2
Finance, insurance and other, net (2)						525.0						56.4												581.4
Total revenues						$	10,846.3					$	2,635.6											$	13,481.9

						Year Ended December 31, 2020
						U.S.						U.K.												Total
New vehicle retail sales						$	4,406.6					$	1,021.8											$	5,428.4
Used vehicle retail sales						2,348.5						707.2												3,055.6
Used vehicle wholesale sales						169.4						126.4												295.8
Total new and used vehicle sales						6,924.5						1,855.3												8,779.8
Parts and service sales (1)						1,162.6						194.8												1,357.4
Finance, insurance and other, net (2)						416.3						46.6												463.0
Total revenues						$	8,503.4					$	2,096.8											$	10,600.2

						Year Ended December 31, 2019
						U.S.						U.K.												Total
New vehicle retail sales						$	4,832.2					$	1,195.1											$	6,027.3
Used vehicle retail sales						2,509.9						771.3												3,281.2
Used vehicle wholesale sales						174.5						162.3												336.8
Total new and used vehicle sales						7,516.6						2,128.7												9,645.3
Parts and service sales (1)						1,234.4						227.9												1,462.4
Finance, insurance and other, net (2)						433.2						57.0												490.2
Total revenues						$	9,184.2					$	2,413.7											$	11,597.9

(1) The Company has applied the optional exemption not to disclose revenues related to remaining performance obligations on its maintenance and repair services as the duration of these contracts is less than one year.

(2) Includes variable consideration recognized of $22.3 million, $27.6 million and $19.5 million during the years ended December 31, 2021, 2020 and 2019, respectively, relating to performance obligations satisfied in previous periods on the Company’s retrospective commission income contracts. Refer to Arrangement of Vehicle Financing and the Sale of Service and Other Insurance Contracts section within this Note for further discussion of these arrangements. Refer to Note 8. Receivables, Net and Contract Assets for the balance of the Company’s contract assets associated with revenues from the arrangement of financing and sale of service and insurance contracts.

Changes in Contract Assets

The change in contract assets during the year ended December 31, 2021, is reflected in the table below (in millions):

						F&I, Net
Contract Assets, January 1, 2021						$	35.3
Changes related to revenue recognition during the period						22.3
Amounts invoiced during the period						(20.1)
Contract Assets, December 31, 2021						$	37.5

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=123351226&loc=SL49130551-203045

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- Definition

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=123351226&loc=SL49130545-203045

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