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v3.25.1

Finance Receivables and Obligations Collateralized by Finance Receivables (Details) $ in Millions, $ in Millions | 3 Months Ended |  |
--- | --- | --- | ---
Mar. 31, 2025 USD ($) | Mar. 31, 2024 USD ($) | Mar. 31, 2025 CAD ($) | Dec. 31, 2024 USD ($)
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |
Principal amount of receivables | $ 2,327.8 |  |  | $ 2,314.0
Principal amount of receivables delinquent | 16.1 |  |  | 18.0
Net credit losses | 8.3 | $ 15.5 |  |
Accrued interest and fees | 25.9 |  |  | 28.5
Allowance for credit losses | (20.5) | (21.0) |  | (19.8)
Finance receivables, net | 2,333.2 |  |  | 2,322.7
Finance Receivables Pledged as Security | 2,346.1 |  |  | 2,335.1
Obligations collateralized by finance receivables, gross | 1,676.8 |  |  | 1,679.1
Obligations collateralized by finance receivables | 1,659.5 |  |  | 1,660.3
Changes in the allowance for credit losses |  |  |  |
Balance at beginning of period | 19.8 | 23.0 |  |
Provision for credit losses | 9.0 | 13.6 |  |
Recoveries | 1.9 | 1.6 |  |
Less charge-offs | (10.2) | (17.1) |  |
Other | 0.0 | (0.1) |  |
Balance at end of period | 20.5 | 21.0 |  |
Floorplan receivables |  |  |  |
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |
Principal amount of receivables | 2,324.3 |  |  | 2,310.5
Principal amount of receivables delinquent | 12.6 |  |  | 14.5
Net credit losses | 8.3 | 15.5 |  |
Other Loans |  |  |  |
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |
Principal amount of receivables | 3.5 |  |  | 3.5
Principal amount of receivables delinquent | 3.5 |  |  | 3.5
Net credit losses | 0.0 | $ 0.0 |  |
AFC |  |  |  |
Finance Receivables and Obligations Collateralized by Finance Receivables |  |  |  |
Unamortized securitization issuance costs | $ (17.3) |  |  | $ (18.8)
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 |  |  |
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 |
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 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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