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ASSETS AND LIABILITIES HELD FOR SALE | 6 Months Ended
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Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
ASSETS AND LIABILITIES HELD FOR SALE | ASSETS AND LIABILITIES HELD FOR SALE Assets and liabilities classified as held for sale include (i) assets and liabilities associated with pending dealership disposals and (ii) real estate not currently used in our operations that we are actively marketing to sell. A summary of assets held for sale and liabilities associated with assets held for sale is as follows:
| As of
| June 30, 2024 |  | December 31, 2023
| (In millions)
Assets: |  |  |
Inventory | $ | 58.4 |  |  | $ | 84.5 |
Loaners, net | 1.1 |  |  | 4.5 |
Property and equipment, net | 110.8 |  |  | 136.6 |
Operating lease right-of-use assets | 2.0 |  |  | 2.1 |
Goodwill | 3.7 |  |  | 26.1 |
Franchise rights | 30.5 |  |  | 88.5 |
Total assets held for sale | 206.6 |  |  | 342.2 |
Liabilities: |  |  |
Current maturities of operating leases | 0.2 |  |  | 0.2 |
Operating lease liabilities | 1.8 |  |  | 1.9 |
Total liabilities associated with assets held for sale | 2.0 |  |  | 2.1 |
Net assets held for sale | $ | 204.5 |  |  | $ | 340.1 |
As of June 30, 2024, assets held for sale consisted of 8 franchises (8 dealership locations) in addition to one real estate property not currently used in our operations. As of December 31, 2023, assets held for sale consisted of 11 franchises (11 dealership locations) in addition to one real estate property not currently used in our operations.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
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