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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Changes in the balances of each component of accumulated other comprehensive income (loss) | Changes in the balances of each component of AOCI were as follows (in millions):
|  | Six Months Ended June 30, 2023 |
|  | Accumulated Income (Loss) On Foreign Currency Translation |  | Accumulated Income (Loss) On Interest Rate Swaps |  | Total |
Balance, December 31, 2022 |  | $ | (61.1) |  |  | $ | 83.6 |  |  | $ | 22.5 |  |
Other comprehensive income (loss) before reclassifications: |  |  |  |  |  |  |
Pre-tax |  | 21.0 |  |  | 11.9 |  |  | 32.9 |  |
Tax effect |  | — |  |  | (2.8) |  |  | (2.8) |  |
Amount reclassified from accumulated other comprehensive income (loss): |  |  |  |  |  |  |
Floorplan interest expense (pre-tax) |  | — |  |  | (7.1) |  |  | (7.1) |  |
Other interest expense, net (pre-tax) |  | — |  |  | (4.5) |  |  | (4.5) |  |
Reclassification related to de-designated interest rate swaps (pre-tax) |  | — |  |  | (4.0) |  |  | (4.0) |  |
Provision for income taxes |  | — |  |  | 3.7 |  |  | 3.7 |  |
Net current period other comprehensive income (loss) |  | 21.0 |  |  | (2.8) |  |  | 18.1 |  |
Balance, June 30, 2023 |  | $ | (40.1) |  |  | $ | 80.8 |  |  | $ | 40.6 |  |
|  | Six Months Ended June 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 |  | (28.1) |  |  | 69.3 |  |  | 41.2 |
Tax effect |  | — |  |  | (16.3) |  |  | (16.3) |
Amount reclassified from accumulated other comprehensive income (loss): |  |  |  |  |  |
Floorplan interest expense (pre-tax) |  | — |  |  | 2.1 |  |  | 2.1 |
Other interest expense (pre-tax) |  | — |  |  | 1.8 |  |  | 1.8 |
Benefit for income taxes |  | — |  |  | (0.9) |  |  | (0.9) |
Net current period other comprehensive (loss) income |  | (28.1) |  |  | 56.0 |  |  | 28.0 |
Balance, June 30, 2022 |  | $ | (186.3) |  |  | $ | 58.0 |  |  | $ | (128.3) |

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