XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.23.1

DISCONTINUED OPERATIONS AND OTHER DIVESTITURES (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Disposal groups, including discontinued operations | Results of the Brazil Discontinued Operations were as follows (in millions):
|  | Three Months Ended March 31, |  |
|  | 2023 |  | 2022 |  |  |  |
REVENUES: |  |  |  |  |  |  |  |
New vehicle retail sales |  | $ | — |  |  | $ | 48.6 |  |  |  |  |
Used vehicle retail sales |  | — |  |  | 22.2 |  |  |  |  |
Used vehicle wholesale sales |  | — |  |  | 5.3 |  |  |  |  |
Parts and service sales |  | — |  |  | 10.7 |  |  |  |  |
Finance, insurance and other, net |  | — |  |  | 1.5 |  |  |  |  |
Total revenues |  | — |  |  | 88.3 |  |  |  |  |
COST OF SALES: |  |  |  |  |  |  |  |
New vehicle retail sales |  | — |  |  | 43.8 |  |  |  |  |
Used vehicle retail sales |  | — |  |  | 20.6 |  |  |  |  |
Used vehicle wholesale sales |  | — |  |  | 5.3 |  |  |  |  |
Parts and service sales |  | — |  |  | 6.3 |  |  |  |  |
Total cost of sales |  | — |  |  | 76.1 |  |  |  |  |
GROSS PROFIT |  | — |  |  | 12.3 |  |  |  |  |
Selling, general and administrative expenses |  | 0.8 |  |  | 8.7 |  |  |  |  |
Depreciation and amortization expense |  | — |  |  | 0.4 |  |  |  |  |
(LOSS) INCOME FROM OPERATIONS — DISCONTINUED OPERATIONS |  | (0.8) |  |  | 3.1 |  |  |  |  |
Floorplan interest expense |  | — |  |  | 0.7 |  |  |  |  |
Other interest income, net |  | (0.7) |  |  | (0.1) |  |  |  |  |
(LOSS) INCOME BEFORE INCOME TAXES — DISCONTINUED OPERATIONS |  | (0.1) |  |  | 2.5 |  |  |  |  |
Provision for income taxes |  | 0.2 |  |  | 0.7 |  |  |  |  |
NET (LOSS) INCOME — DISCONTINUED OPERATIONS |  | $ | (0.3) |  |  | $ | 1.8 |  |  |  |  |
Cash flows from operating and investing activities for the Brazil Discontinued Operations were immaterial for the three months ended March 31, 2023. Cash flows from operating and investing activities for the Brazil Discontinued Operations in the prior period were as follows (in millions):
|  |  |  | Three Months Ended March 31,
|  |  |  | 2022
Net cash used in operating activities — discontinued operations |  |  |  | $ | 11.8 |
Net cash used in investing activities — discontinued operations |  |  |  | $ | (0.3) |
Assets and liabilities of the Brazil Discontinued Operations were as follows (in millions):
|  | March 31, 2023 |  | December 31, 2022
Prepaid expenses |  | $ | 1.2 |  |  | $ | — |
Other current assets |  | — |  |  | 1.3 |
Other long-term assets |  | 22.0 |  |  | 22.8 |
Total assets of discontinued operations |  | $ | 23.2 |  |  | $ | 24.1 |
Accrued expenses and other current liabilities |  | $ | 6.5 |  |  | $ | 7.8 |
Total liabilities of discontinued operations |  | $ | 6.5 |  |  | $ | 7.8 |

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

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration