XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.22.2

RECEIVABLES, NET AND CONTRACT ASSETS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Receivables [Abstract] |
Accounts and notes receivable | The Company’s receivables, net and contract assets consisted of the following (in millions):
|  | June 30, 2022 |  | December 31, 2021
Contracts-in-transit and vehicle receivables, net: |  |  |  |
Contracts-in-transit |  | $ | 138.3 |  |  | $ | 143.8 |
Vehicle receivables |  | 85.6 |  |  | 75.6 |
Total contracts-in-transit and vehicle receivables |  | 223.9 |  |  | 219.4 |
Less: allowance for doubtful accounts |  | 0.7 |  |  | 0.5 |
Total contracts-in-transit and vehicle receivables, net |  | $ | 223.2 |  |  | $ | 218.9 |
Accounts and notes receivable, net: |  |  |  |
Manufacturer receivables |  | $ | 79.5 |  |  | $ | 76.9 |
Parts and service receivables |  | 65.4 |  |  | 58.6 |
F&I receivables |  | 29.8 |  |  | 29.8 |
Other |  | 13.4 |  |  | 17.0 |
Total accounts and notes receivable |  | 188.1 |  |  | 182.2 |
Less: allowance for doubtful accounts |  | 5.5 |  |  | 4.3 |
Total accounts and notes receivable, net |  | $ | 182.6 |  |  | $ | 177.9 |
Within Other current assets and Other long-term assets: |  |  |  |
Total contract assets (1) |  | $ | 43.7 |  |  | $ | 37.5 |
(1) No allowance for doubtful accounts was recorded for contract assets as of June 30, 2022 or December 31, 2021.

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + 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 210.5-02.3,4) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration