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v3.23.3

Finance Receivables and Obligations Collateralized by Finance Receivables (Details) $ in Millions, $ in Millions | 3 Months Ended | 9 Months Ended |  |  |
--- | --- | --- | --- | --- | ---
Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2023 CAD ($) | Mar. 31, 2023 CAD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 CAD ($)
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |  |  |  |  |
Cost capitalized in connection with US/Canada RPA |  |  | $ 5.4 | $ 11.6 |  |  |  |
Principal amount of receivables | $ 2,379.1 |  | 2,379.1 |  |  |  | $ 2,416.6 |
Principal amount of receivables delinquent | 18.1 |  | 18.1 |  |  |  | 17.5 |
Net credit losses | 11.6 | $ 1.2 | 36.3 | 4.0 |  |  |  |
Finance Receivables Pledged as Security | 2,378.0 |  | 2,378.0 |  |  |  | 2,396.6 |
Obligations collateralized by finance receivables, gross | 1,710.5 |  | 1,710.5 |  |  |  | 1,697.0 |
Obligations collateralized by finance receivables | 1,695.3 |  | 1,695.3 |  |  |  | 1,677.6 |
Changes in the allowance for credit losses |  |  |  |  |  |  |  |
Balance at beginning of period |  |  | 21.5 | 23.0 |  |  |  |
Provision for credit losses |  |  | 35.8 | 2.8 |  |  |  |
Recoveries |  |  | 6.8 | 7.2 |  |  |  |
Less charge-offs |  |  | (43.1) | (11.2) |  |  |  |
Other |  |  | 0.0 | (0.3) |  |  |  |
Balance at end of period | 21.0 | 21.5 | 21.0 | 21.5 |  |  |  |
Floorplan receivables |  |  |  |  |  |  |  |
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |  |  |  |  |
Principal amount of receivables | 2,375.5 |  | 2,375.5 |  |  |  | 2,409.9 |
Principal amount of receivables delinquent | 18.1 |  | 18.1 |  |  |  | 17.5 |
Net credit losses | 11.6 | 1.2 | 36.3 | 4.0 |  |  |  |
Other Loans |  |  |  |  |  |  |  |
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |  |  |  |  |
Principal amount of receivables | 3.6 |  | 3.6 |  |  |  | 6.7 |
Principal amount of receivables delinquent | 0.0 |  | 0.0 |  |  |  | 0.0 |
Net credit losses | 0.0 | $ 0.0 | 0.0 | $ 0.0 |  |  |  |
AFC |  |  |  |  |  |  |  |
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |  |  |  |  |
Unamortized securitization issuance costs | (15.2) |  | $ (15.2) |  |  |  | $ (19.4) |
AFC | Minimum |  |  |  |  |  |  |  |
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |  |  |  |  |
Period to define financing receivables as past due (in days) |  |  | 31 days |  |  |  |  |
AFC Funding Corporation |  |  |  |  |  |  |  |
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |  |  |  |  |
Committed liquidity | $ 2,000.0 |  | $ 2,000.0 |  |  |  |  |
AFC Funding Corporation | Minimum |  |  |  |  |  |  |  |
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |  |  |  |  |
Cash reserve as security for obligations of collateralized financing receivables (as a percent) |  |  | 1.00% |  |  |  |  |
Cash reserve as security for obligations of collateralized financing receivables - circumstance two (as a percent) |  |  | 3.00% |  |  |  |  |
AFCI |  |  |  |  |  |  |  |
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |  |  |  |  |
Committed liquidity |  |  |  |  | $ 300 | $ 300 |  | $ 225
Cost capitalized in connection with US/Canada RPA |  |  | $ 0.6 |  |  |  |  |
AFCI | Minimum |  |  |  |  |  |  |  |
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |  |  |  |  |
Cash reserve as security for obligations of collateralized financing receivables (as a percent) |  |  | 1.00% |  |  |  |  |
Cash reserve as security for obligations of collateralized financing receivables - circumstance two (as a percent) |  |  | 3.00% |  |  |  |  |

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- Definition Represents the cash reserve maintained as a percentage of finance receivables securitized, which serves as security for the obligations collateralized by the financing receivables. + References No definition available. + Details
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- Definition Represents the cash reserve maintained when certain circumstances are triggered as a percentage of finance receivables securitized, which serves as security for the obligations collaterized by the financing receivables. + References No definition available. + Details
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- Definition The carrying amount, as of the date of the latest financial statement presented, of finance receivables which are owned but transferred to serve as collateral for the payment of the related debt obligation, primarily a secured borrowing or repurchase agreement, and for which the transferee is not permitted to sell or re-pledge them to an unrelated party. + References No definition available. + Details
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- Definition Reflects other additions and reductions to the finance receivable allowance, which are not reflected elsewhere or separately disclosed. + References No definition available. + Details
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- Definition Gross amount of liabilities associated with financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented. + References No definition available. + Details
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- Definition Amount of increase in allowance for credit loss on financing receivable from recovery. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 79 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-79 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c)(4) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
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- Definition Amount of writeoff of financing receivable, charged against allowance for credit loss. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 79 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479294/326-20-55-79 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Subparagraph (c)(3) -SubTopic 10 -Topic 310 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
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- Definition This is the amount of the financial instruments that are considered delinquent (past due) at the end of the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (e)(4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481326/860-20-50-4 + Details
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- Definition Amount of transferred financial assets in which the transferor has continuing involvement with the assets underlying the transaction that continue to be recognized in the statement of financial position. Includes, but is not limited to, servicing, recourse, and restrictions on transferor's interests in transferred financial assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481326/860-20-50-4 + Details
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- Definition Carrying amount of liabilities associated with financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 860 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Subparagraph (b)(1)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147481420/860-30-50-1A + Details
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