XML 35 R18.htm IDEA: XBRL DOCUMENT
v3.25.1

RECEIVABLES, NET AND CONTRACT ASSETS | 3 Months Ended
--- | ---
Mar. 31, 2025
Receivables [Abstract] |
RECEIVABLES, NET AND CONTRACT ASSETS | RECEIVABLES, NET AND CONTRACT ASSETS The Company’s receivables, net and contract assets consisted of the following (in millions):
|  | March 31, 2025 |  | December 31, 2024
Contracts-in-transit and vehicle receivables, net: |  |  |  |
Contracts-in-transit |  | $ | 307.4 |  |  | $ | 250.3 |
Vehicle receivables |  | 127.0 |  |  | 110.6 |
Total contracts-in-transit and vehicle receivables |  | 434.4 |  |  | 360.9 |
Less: allowance for doubtful accounts |  | 0.7 |  |  | 0.8 |
Total contracts-in-transit and vehicle receivables, net |  | $ | 433.7 |  |  | $ | 360.1 |
Accounts and notes receivable, net: |  |  |  |
Manufacturer receivables |  | $ | 189.4 |  |  | $ | 177.4 |
Parts and service receivables |  | 84.3 |  |  | 80.6 |
F&I receivables |  | 39.4 |  |  | 39.7 |
Other |  | 8.6 |  |  | 11.7 |
Total accounts and notes receivable |  | 321.8 |  |  | 309.5 |
Less: allowance for doubtful accounts |  | 5.1 |  |  | 6.4 |
Total accounts and notes receivable, net |  | $ | 316.7 |  |  | $ | 303.0 |
Within Other current assets and Other long-term assets: |  |  |  |
Total contract assets (1) |  | $ | 63.9 |  |  | $ | 59.0 |
(1) No allowance for doubtful accounts was recorded for contract assets as of March 31, 2025 or December 31, 2024.

X
- Definition The entire disclosure for claims held for amounts due to entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/310-10/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration