XML 36 R25.htm IDEA: XBRL DOCUMENT v3.23.3
Sale of ADESA U.S. Physical Auction Business and Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
The following table presents the results of operations for the ADESA U.S. physical auction business that have been reclassified to discontinued operations for all periods presented (in millions):
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Operating revenues$— $— $— $305.9 
Operating expenses
Cost of services (exclusive of depreciation and amortization)— — — 224.9 
Selling, general and administrative— — — 68.8 
Depreciation and amortization— — — 11.2 
Total operating expenses— — — 304.9 
Operating profit (loss)— — — 1.0 
Interest expense— — — 0.1 
Other (income) expense, net— — — (8.4)
Income (loss) from discontinued operations before gain on disposal and income taxes— — — 9.3 
Pretax gain on disposal of discontinued operations— (11.9)— 521.8 
Income taxes— (5.6)— 313.7 
Income (loss) from discontinued operations$— $(6.3)$— $217.4