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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of carrying value and fair value of the company’s fixed rate long-term debt The carrying value and fair value of the Company’s 4.00% Senior Notes and fixed-rate mortgages were as follows (in millions):
December 31, 2021December 31, 2020
Carrying Value (1)
Fair Value
Carrying Value (1)
Fair Value
4.00% Senior Notes
$750.0 $748.4 $550.0 $567.0 
Real estate related81.3 78.7 84.3 77.0 
Total$831.3 $827.1 $634.3 $644.0 
(1) Carrying value excludes unamortized debt issuance costs.
Asset and liabilities recorded at fair value Assets and liabilities associated with the Company’s interest rate swaps, as reflected gross in the Consolidated Balance Sheets, were as follows (in millions):
 December 31,
20212020
Assets:
Other current assets$— $1.9 
Other long-term assets13.8 0.3 
Total assets$13.8 $2.3 
Liabilities:
Accrued expenses and other current liabilities $0.1 $4.2 
Long-term interest rate swap liabilities11.1 40.6 
Total liabilities$11.2 $44.8 
Impact of interest rate derivative instruments The following tables present the impact of the Company’s interest rate swaps designated as cash flow hedges (in millions):
 Amount of Unrealized Income (Loss), Net of Tax, Recognized in Other Comprehensive Income (Loss)
Years Ended December 31,
Derivatives in Cash Flow Hedging Relationship202120202019
Interest rate swaps$22.6 $(36.7)$(13.3)
 Amount of Loss Reclassified from Other Comprehensive Income (Loss) into Statements of Operations
Statement of Operations ClassificationYears Ended December 31,
202120202019
Floorplan interest expense, net$(3.7)$(7.9)$(0.4)
Other interest expense, net$(4.1)$(2.9)$0.1