XML 47 R29.htm IDEA: XBRL DOCUMENT v3.24.0.1
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 12 Months Ended
Dec. 31, 2023
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) for the years ended December 31, 2023, 2022 and 2021 were as follows (in millions):
Year Ended December 31, 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
23.7 13.7 37.3 
Tax effect
— (3.3)(3.3)
Amounts reclassified from accumulated other comprehensive income (loss):
Floorplan interest income (pre-tax)
— (15.4)(15.4)
Other interest income, net (pre-tax)
— (17.9)(17.9)
Reclassification related to de-designated interest rate swaps (pre-tax)— (4.0)(4.0)
Provision for income taxes— 8.9 8.9 
Net current period other comprehensive income (loss)23.7 (18.0)5.7 
Balance, December 31, 2023
$(37.4)$65.6 $28.1 
Year Ended December 31, 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(27.2)110.0 82.7 
Tax effect— (25.8)(25.8)
Amounts reclassified from accumulated other comprehensive income (loss):
Floorplan interest expense (pre-tax)— (0.8)(0.8)
Other interest expense (pre-tax)— (2.4)(2.4)
Cumulative foreign currency translation adjustments associated with the Brazil Disposal122.8 — 122.8 
Other cumulative foreign currency translation adjustments
1.5 — 1.5 
Provision for income taxes— 0.8 0.8 
Net current period other comprehensive income97.1 81.6 178.7 
Balance, December 31, 2022
$(61.1)$83.6 $22.5 
Year Ended December 31, 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)29.5 22.8 
Tax effect— (6.9)(6.9)
Amounts reclassified from accumulated other comprehensive income (loss):
Floorplan interest expense (pre-tax)— 3.7 3.7 
Other interest expense (pre-tax)— 4.1 4.1 
Reclassification related to de-designated interest rate swaps (pre-tax)— 7.9 7.9 
Benefit for income taxes— (3.7)(3.7)
Net current period other comprehensive (loss) income(6.7)34.5 27.8 
Balance, December 31, 2021
$(158.2)$2.0 $(156.2)