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DISCONTINUED OPERATIONS AND OTHER DIVESTITURES (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
REVENUES: |  |  |  |  |  |  |  |
New vehicle retail sales |  | $ | — |  |  | $ | 60.4 |  |  | $ | — |  |  | $ | 109.0 |
Used vehicle retail sales |  | — |  |  | 21.8 |  |  | — |  |  | 44.0 |
Used vehicle wholesale sales |  | — |  |  | 4.8 |  |  | — |  |  | 10.1 |
Parts and service sales |  | — |  |  | 13.1 |  |  | — |  |  | 23.8 |
Finance, insurance and other, net |  | — |  |  | 1.8 |  |  | — |  |  | 3.3 |
Total revenues |  | — |  |  | 101.9 |  |  | — |  |  | 190.2 |
COST OF SALES: |  |  |  |  |  |  |  |
New vehicle retail sales |  | — |  |  | 54.7 |  |  | — |  |  | 98.5 |
Used vehicle retail sales |  | — |  |  | 20.6 |  |  | — |  |  | 41.2 |
Used vehicle wholesale sales |  | — |  |  | 4.7 |  |  | — |  |  | 10.0 |
Parts and service sales |  | — |  |  | 8.1 |  |  | — |  |  | 14.5 |
Total cost of sales |  | — |  |  | 88.1 |  |  | — |  |  | 164.2 |
GROSS PROFIT |  | — |  |  | 13.8 |  |  | — |  |  | 26.1 |
Selling, general and administrative expenses |  | 0.1 |  |  | 10.6 |  |  | 0.9 |  |  | 19.3 |
Depreciation and amortization expense |  | — |  |  | 0.5 |  |  | — |  |  | 0.9 |
Asset impairments |  | — |  |  | 6.3 |  |  | — |  |  | 6.3 |
LOSS FROM OPERATIONS — DISCONTINUED OPERATIONS |  | (0.1) |  |  | (3.6) |  |  | (0.9) |  |  | (0.5) |
Floorplan interest expense |  | — |  |  | 0.7 |  |  | — |  |  | 1.4 |
Other interest income, net |  | (0.7) |  |  | (0.3) |  |  | (1.4) |  |  | (0.4) |
INCOME (LOSS) BEFORE INCOME TAXES — DISCONTINUED OPERATIONS |  | 0.5 |  |  | (4.0) |  |  | 0.4 |  |  | (1.5) |
Provision (benefit) for income taxes |  | 0.3 |  |  | (0.6) |  |  | 0.5 |  |  | 0.1 |
NET INCOME (LOSS) — DISCONTINUED OPERATIONS |  | $ | 0.2 |  |  | $ | (3.4) |  |  | $ | (0.1) |  |  | $ | (1.6) |
Cash flows from operating and investing activities for the Brazil Discontinued Operations were immaterial for the six months ended June 30, 2023. Cash flows from operating and investing activities for the Brazil Discontinued Operations in the prior period were as follows (in millions):
|  |  |  | Six Months Ended June 30, 2022
Net cash provided by operating activities — discontinued operations |  |  |  | $ | 26.3 |
Net cash used in investing activities — discontinued operations |  |  |  | $ | (8.7) |
Assets and liabilities of the Brazil Discontinued Operations were as follows (in millions):
|  | June 30, 2023 |  | December 31, 2022
Prepaid expenses |  | $ | 1.0 |  |  | $ | — |
Other current assets |  | — |  |  | 1.3 |
Other long-term assets |  | 21.7 |  |  | 22.8 |
Total assets of discontinued operations |  | $ | 22.7 |  |  | $ | 24.1 |
Accrued expenses and other current liabilities |  | $ | 4.9 |  |  | $ | 7.8 |
Total liabilities of discontinued operations |  | $ | 4.9 |  |  | $ | 7.8 |

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