REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

Revenue from contracts with customers consists of the following:


	For the year ended December 31,
	2023		2022		2021
	(In millions)
Revenue:
New vehicle	$	7,630.7	$	7,365.6	$	4,934.1
Used vehicle retail	4,017.5		4,828.8		3,055.9
Used vehicle wholesale	396.7		368.3		259.7
New and used vehicle	12,045.0		12,562.6		8,249.7
Sale of vehicle parts and accessories	496.3		510.2		212.0
Vehicle repair and maintenance services	1,585.3		1,564.1		970.9
Parts and services	2,081.5		2,074.2		1,182.9
Finance and insurance, net	676.2		797.0		405.1
Total revenue	$	14,802.7	$	15,433.8	$	9,837.7

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, 2021	$	12.3	$	13.5	$	1.4	$	27.2
Transferred to receivables from contract assets recognized at the beginning of the period	(12.3)		(13.5)		—		(25.8)
Amortization of costs incurred to obtain a contract with a customer	—		—		(4.6)		(4.6)
Costs incurred to obtain a contract with a customer	—		—		40.3		40.3
Increases related to revenue recognized, inclusive of adjustments to constraint, during the period	14.7		14.7		—		29.4
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

Contract Assets (current), December 31, 2023	$	20.5	$	13.8	$	19.5	$	53.8
Contract Assets (long-term), December 31, 2023	$	—	$	—	$	48.9	$	48.9