XML 62 R39.htm IDEA: XBRL DOCUMENT v3.25.0.1

REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

Revenue from contracts with customers consists of the following:

			For the year ended December 31,
			2024						2023						2022
			(In millions)
Revenue:
New vehicle			$	8,849.7					$	7,630.7					$	7,365.6
Used vehicle retail			4,605.9						4,017.5						4,828.8
Used vehicle wholesale			612.3						396.7						368.3
New and used vehicle			14,067.9						12,045.0						12,562.6
Sale of vehicle parts and accessories			516.2						496.3						510.2
Vehicle repair and maintenance services			1,838.5						1,585.3						1,564.1
Parts and services			2,354.7						2,081.5						2,074.2
Finance and insurance, net			766.0						676.2						797.0
Total revenue			$	17,188.6					$	14,802.7					$	15,433.8

Schedule of Contract with Customer, Assets

Changes in contract assets during the period are reflected in the table below. Contract assets related to vehicle repair and maintenance services are transferred to receivables when a repair order is completed and invoiced to the customer. Certain incremental sales commissions payable to obtain an F&I revenue contract with a customer have been capitalized and are amortized using the same pattern of recognition applicable to the associated F&I revenue contract.

			Vehicle Repair and Maintenance Services						Finance and Insurance, net						Deferred Sales Commissions						Total
			(In millions)
Contract Assets, December 31, 2022			$	14.7					$	14.7					$	37.2					$	66.6
Transferred to receivables from contract assets recognized at the beginning of the period			(14.7)						(14.7)						—						(29.4)
Amortization of costs incurred to obtain a contract with a customer			—						—						(12.2)						(12.2)
Costs incurred to obtain a contract with a customer			—						—						43.3						43.3
Increases related to revenue recognized, inclusive of adjustments to constraint, during the period			20.5						13.8						—						34.3
Contract Assets, December 31, 2023			$	20.5					$	13.8					$	68.4					$	102.7
Transferred to receivables from contract assets recognized at the beginning of the period			(20.5)						(13.8)						—						(34.3)
Amortization of costs incurred to obtain a contract with a customer			—						—						(19.5)						(19.5)
Costs incurred to obtain a contract with a customer			—						—						41.2						41.2
Increases related to revenue recognized, inclusive of adjustments to constraint, during the period			17.8						12.8						—						30.5
Contract Assets, December 31, 2024			$	17.8					$	12.8					$	90.1					$	120.7
Contract Assets (current), December 31, 2024			$	17.8					$	12.8					$	24.2					$	54.7
Contract Assets (long-term), December 31, 2024			$	—					$	—					$	65.9					$	65.9

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration