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ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Changes in the balances of each component of accumulated other comprehensive loss | Changes in the balances of each component of AOCI for the years ended December 31, 2024, 2023 and 2022 were as follows (in millions):
|  | Year Ended December 31, 2024
|  | Accumulated Income (Loss) on Foreign Currency Translation |  |  |  | Accumulated Income (Loss) on Interest Rate Swaps |  | Total
Balance, December 31, 2023 |  | $ | (37.4) |  |  |  |  | $ | 65.6 |  |  | $ | 28.1 |
Other comprehensive income (loss) before reclassifications: |  |  |  |  |  |  |  |
Pre-tax |  | (19.1) |  |  |  |  | 28.2 |  |  | 9.1 |
Tax effect |  | — |  |  |  |  | (6.7) |  |  | (6.7) |
Amounts reclassified from accumulated other comprehensive income (loss): |  |  |  |  |  |  |  |
Floorplan interest expense (pre-tax) |  | — |  |  |  |  | (20.6) |  |  | (20.6) |
Other interest expense, net (pre-tax) |  | — |  |  |  |  | (17.0) |  |  | (17.0) |
Reclassification related to de-designated interest rate swaps (pre-tax) |  | — |  |  |  |  | (0.2) |  |  | (0.2) |
Provision for income taxes |  | — |  |  |  |  | 9.0 |  |  | 9.0 |
Net current period other comprehensive loss |  | (19.1) |  |  |  |  | (7.4) |  |  | (26.5) |
Balance, December 31, 2024 |  | $ | (56.5) |  |  |  |  | $ | 58.2 |  |  | $ | 1.6 |
|  | 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 expense (pre-tax) |  | — |  |  |  |  | (15.4) |  |  | (15.4) |
Other interest expense, 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, net (pre-tax) |  | — |  |  |  |  | (2.4) |  |  | (2.4) |
Cumulative foreign currency translation adjustments associated with the Brazil Disposal |  | 122.8 |  |  |  |  | — |  |  | 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 income |  | 97.1 |  |  |  |  | 81.6 |  |  | 178.7 |
Balance, December 31, 2022 |  | $ | (61.1) |  |  |  |  | $ | 83.6 |  |  | $ | 22.5 |

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