XML 43 R31.htm IDEA: XBRL DOCUMENT v3.24.3
RECEIVABLES, NET AND CONTRACT ASSETS (Tables)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Schedule of Accounts and Notes Receivable
The Company’s receivables, net and contract assets consisted of the following (in millions):
September 30, 2024December 31, 2023
Contracts-in-transit and vehicle receivables, net:
Contracts-in-transit$236.2 $259.2 
Vehicle receivables97.4 110.3 
Total contracts-in-transit and vehicle receivables333.6 369.5 
Less: allowance for doubtful accounts 0.7 0.3 
Total contracts-in-transit and vehicle receivables, net$332.9 $369.2 
Accounts and notes receivable, net:
Manufacturer receivables$182.5 $128.3 
Parts and service receivables 85.9 64.3 
F&I receivables33.1 35.6 
Other9.7 14.4 
Total accounts and notes receivable311.3 242.5 
Less: allowance for doubtful accounts 5.4 4.2 
Total accounts and notes receivable, net $305.9 $238.4 
Within Other current assets and Other long-term assets:
Total contract assets (1)
$58.9 $55.0 
(1) No allowance for doubtful accounts was recorded for contract assets as of September 30, 2024 or December 31, 2023.