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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in the balances of each component of Accumulated other comprehensive income (loss) were as follows (in millions):

						Nine Months Ended September 30, 2022
						Accumulated Income (Loss) On Foreign Currency Translation						Accumulated Income (Loss) On Interest Rate Swaps						Total
Balance, December 31, 2021						$	(158.2)					$	2.0					$	(156.2)
Other comprehensive income (loss) before reclassifications:
Pre-tax						(59.3)						110.9						51.6
Tax effect						—						(26.1)						(26.1)
Amount reclassified from accumulated other comprehensive income (loss):
Floorplan interest expense (pre-tax)						—						1.4						1.4
Other interest expense, net (pre-tax)						—						0.7						0.7
Cumulative foreign currency translation adjustments associated with the Brazil Disposal						122.8						—						122.8
Other cumulative foreign currency translation adjustments						1.5						—						1.5
Benefit for income taxes						—						(0.5)						(0.5)
Net current period other comprehensive income						65.1						86.4						151.5
Balance, September 30, 2022						$	(93.1)					$	88.4					$	(4.7)

						Nine Months Ended September 30, 2021
						Accumulated Income (Loss) On Foreign Currency Translation						Accumulated Income (Loss) On Interest Rate Swaps						Total
Balance, December 31, 2020						$	(151.6)					$	(32.5)					$	(184.0)
Other comprehensive income (loss) before reclassifications:
Pre-tax						(6.7)						21.0						14.4
Tax effect						—						(4.9)						(4.9)
Amount reclassified from accumulated other comprehensive income (loss):
Floorplan interest expense (pre-tax)						—						5.0						5.0
Other interest expense (pre-tax)						—						2.9						2.9
Reclassification related to de-designated interest rate swaps (pre-tax)						—						3.1						3.1
Benefit for income taxes						—						(2.6)						(2.6)
Net current period other comprehensive (loss) income						(6.7)						24.5						17.9
Balance, September 30, 2021						$	(158.2)					$	(7.9)					$	(166.1)

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- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI https://asc.fasb.org/topic&trid=2134417

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

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- References

No definition available.

+ Details

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