XML 34 R15.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Allowance for Credit Losses and Doubtful Accounts | 12 Months Ended
--- | ---
Dec. 31, 2023
Allowance for Credit Losses and Doubtful Accounts [Abstract] |
Allowance for Credit Losses and Doubtful Accounts | Allowance for Credit Losses and Doubtful Accounts The following is a summary of the changes in the allowance for credit losses related to finance receivables (in millions):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Allowance for Credit Losses |  |  |  |  |
Balance at beginning of period | $ | 21.5 |  |  | $ | 23.0 |  |  | $ | 22.0 |
Provision for credit losses | 50.6 |  |  | 9.8 |  |  | 3.5 |
Recoveries | 8.9 |  |  | 9.0 |  |  | 12.6 |
Less charge-offs | (58.1) |  |  | (20.1) |  |  | (15.1) |
Other | 0.1 |  |  | (0.2) |  |  | — |
Balance at end of period | $ | 23.0 |  |  | $ | 21.5 |  |  | $ | 23.0 |
AFC's allowance for credit losses includes estimated losses for finance receivables currently held on the balance sheet of AFC and its subsidiaries. The following is a summary of changes in the allowance for doubtful accounts related to trade receivables (in millions):
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Allowance for Doubtful Accounts |  |  |  |  |
Balance at beginning of period | $ | 15.8 |  |  | $ | 9.5 |  |  | $ | 7.1 |
Provision for credit losses | 8.6 |  |  | 8.8 |  |  | 3.7 |
Less net charge-offs | (14.5) |  |  | (2.5) |  |  | (1.3) |
Balance at end of period | $ | 9.9 |  |  | $ | 15.8 |  |  | $ | 9.5 |
Recoveries of trade receivables were netted with charge-offs, as they were not material. Changes in the Canadian dollar exchange rate did not have a material effect on the allowance for doubtful accounts.

X
- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
Name: | kar_AllowanceforCreditLossesandDoubtfulAccountsAbstract
Namespace Prefix: | kar_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -Publisher FASB -URI https://asc.fasb.org//310/tableOfContent + Details
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration