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DISCONTINUED OPERATIONS AND OTHER DIVESTITURES (Tables)
 12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Disposal groups, including discontinued operations
The following table summarizes the fair value of the proceeds received from the disposition and net carrying value of the assets disposed as of December 31, 2022 (in millions):
Fair value of proceeds from disposition$92.5 
Net assets disposed48.8 
Gain before currency translation adjustments43.7 
Amount of currency translation loss recorded in AOCI(122.8)
Incremental costs to sell8.4 
Net loss on the Brazil Disposal$(87.5)
Results of the Brazil Discontinued Operations were as follows (in millions):
Years Ended December 31,
202320222021
REVENUES:
New vehicle retail sales$— $109.0 $205.6 
Used vehicle retail sales— 44.0 58.1 
Used vehicle wholesale sales— 10.1 11.3 
Parts and service sales— 23.8 38.7 
Finance, insurance and other, net— 3.3 6.1 
Total revenues— 190.2 319.8 
COST OF SALES:
New vehicle retail sales— 98.5 184.9 
Used vehicle retail sales— 41.2 53.1 
Used vehicle wholesale sales— 10.0 10.5 
Parts and service sales— 14.5 22.0 
Total cost of sales— 164.2 270.6 
GROSS PROFIT— 26.1 49.2 
Selling, general and administrative expenses2.0 15.1 34.3 
Depreciation and amortization expense— 0.9 1.5 
Asset impairments— 6.3 77.5 
(LOSS) INCOME FROM DISCONTINUED OPERATIONS(2.0)3.7 (64.1)
Floorplan interest expense— 1.4 1.1 
Other interest (income) expense, net(2.6)(1.8)0.9 
Loss on extinguishment of debt— — 3.8 
Other expenses— 1.5 — 
INCOME (LOSS) BEFORE INCOME TAXES — DISCONTINUED OPERATIONS0.6 2.6 (69.9)
Provision for income taxes1.0 5.3 3.4 
NET LOSS — DISCONTINUED OPERATIONS$(0.4)$(2.7)$(73.3)
Cash flows from operating and investing activities for the Brazil Discontinued Operations were immaterial for the year ended December 31, 2023. Cash flows from operating and investing activities for the Brazil Discontinued Operations for the prior periods were as follows (in millions):
Years Ended December 31,
20222021
Net cash provided by operating activities — discontinued operations$26.6 $5.2 
Net cash provided by (used in) investing activities — discontinued operations
$59.1 $(1.5)
Assets and liabilities of the Brazil Discontinued Operations were as follows (in millions):
As of December 31,
20232022
Prepaid expenses$0.7 $— 
Other current assets— 1.3 
Other long-term assets21.1 22.8 
Total assets of discontinued operations$21.8 $24.1 
Accrued expenses and other current liabilities$4.3 $7.8 
Total liabilities of discontinued operations$4.3 $7.8 
Assets and Liabilities Held for Sale
Assets and liabilities classified as held for sale consisted of the following (in millions):
As of December 31,
20232022
Current assets classified as held for sale
Prime Acquisition (1)
$— $9.8 
Other (2)
99.1 43.8 
Total current assets classified as held for sale$99.1 $53.6 
Current liabilities classified as held for sale
Prime Acquisition (1)
$— $1.1 
Other7.2 3.7 
Total current liabilities classified as held for sale$7.2 $4.8 
(1) For additional details on current assets and current liabilities classified as held for sale in connection with the Prime Acquisition, refer to Note 3. Acquisitions.
(2) Includes $39.8 million and $13.4 million of goodwill reclassified to assets held for sale as of December 31, 2023 and December 31, 2022, respectively.