XML 58 R41.htm IDEA: XBRL DOCUMENT v3.22.0.1
RECEIVABLES, NET AND CONTRACT ASSETS (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Accounts and Notes Receivable The Company’s receivables and contract assets consisted of the following (in millions):
 December 31,
 20212020
Contracts-in-transit and vehicle receivables, net:
Contracts-in-transit$143.8 $147.1 
Vehicle receivables75.6 63.8 
Total contracts-in-transit and vehicle receivables219.4 210.9 
Less: allowance for doubtful accounts0.5 0.3 
Total contracts-in-transit and vehicle receivables, net$218.9 $210.6 
Accounts and notes receivables, net:
Manufacturer receivables$76.9 $107.0 
Parts and service receivables58.6 47.7 
F&I receivables29.8 27.4 
Other17.0 13.2 
Total accounts and notes receivables182.2 195.3 
Less: allowance for doubtful accounts4.3 3.2 
Total accounts and notes receivables, net$177.9 $192.2 
Within Other current assets and Other long-term assets:
Total contract assets (1)
$37.5 $35.3 
(1) See further discussion of the Company’s Contract Assets balance at Note 2. Revenues. No allowance for doubtful accounts was recorded for contract assets as of December 31, 2021, or December 31, 2020.