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,
20232022
REVENUES:
New vehicle retail sales$— $48.6 
Used vehicle retail sales— 22.2 
Used vehicle wholesale sales— 5.3 
Parts and service sales— 10.7 
Finance, insurance and other, net— 1.5 
Total revenues— 88.3 
COST OF SALES:
New vehicle retail sales— 43.8 
Used vehicle retail sales— 20.6 
Used vehicle wholesale sales— 5.3 
Parts and service sales— 6.3 
Total cost of sales— 76.1 
GROSS PROFIT— 12.3 
Selling, general and administrative expenses0.8 8.7 
Depreciation and amortization expense— 0.4 
(LOSS) INCOME FROM OPERATIONS — DISCONTINUED OPERATIONS(0.8)3.1 
Floorplan interest expense— 0.7 
Other interest income, net(0.7)(0.1)
(LOSS) INCOME BEFORE INCOME TAXES — DISCONTINUED OPERATIONS(0.1)2.5 
Provision for income taxes0.2 0.7 
NET (LOSS) INCOME — DISCONTINUED OPERATIONS$(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, 2023December 31, 2022
Prepaid expenses$1.2 $— 
Other current assets— 1.3 
Other long-term assets22.0 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