XML 60 R42.htm IDEA: XBRL DOCUMENT v3.24.0.1
RECEIVABLES, NET AND CONTRACT ASSETS (Tables)
 12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Accounts and notes receivable
The Company’s receivables, net and contract assets consisted of the following (in millions):
 December 31,
 20232022
Contracts-in-transit and vehicle receivables, net:
Contracts-in-transit$259.2 $188.2 
Vehicle receivables110.3 90.9 
Total contracts-in-transit and vehicle receivables369.5 279.0 
Less: allowance for doubtful accounts0.3 0.6 
Total contracts-in-transit and vehicle receivables, net$369.2 $278.5 
Accounts and notes receivables, net:
Manufacturer receivables$128.3 $94.6 
Parts and service receivables64.3 68.0 
F&I receivables35.6 30.0 
Other14.4 12.1 
Total accounts and notes receivables242.5 204.7 
Less: allowance for doubtful accounts4.2 5.5 
Total accounts and notes receivables, net$238.4 $199.2 
Within Other current assets and Other long-term assets:
Total contract assets (1)
$55.0 $47.9 
(1) See further discussion of the Company’s Contract Assets balance at Note 2. Revenues. No allowance for doubtful accounts was recorded for contract assets as of December 31, 2023, or December 31, 2022.