Auto Loan Receivables (Tables)

12 Months Ended

Feb. 28, 2014

Auto Loan Receivables [Abstract]

Auto Loan Receivables, Net

	As of February 28
(In millions)		2014		2013
Warehouse facilities	$	879.0	$	792.0
Term securitizations		6,145.5		4,989.7
Other receivables (1)		159.9		151.6
Total ending managed receivables		7,184.4		5,933.3
Accrued interest and fees		26.3		24.9
Other		7.0		(5.0)
Less allowance for loan losses		(69.9)		(57.3)
Auto loan receivables, net	$	7,147.8	$	5,895.9

(1)Other receivables includes receivables not funded through the warehouse facilities or term securitizations.

Ending Managed Receivables By Major Credit Grade

	As of February 28
(In millions)		2014 (1)	%  (2)		2013 (1)	%(2)
A	$	3,506.0	48.8	$	2,841.4	47.9
B		2,658.5	37.0		2,265.6	38.2
C and other		1,019.9	14.2		826.3	13.9
Total ending managed receivables	$	7,184.4	100.0	$	5,933.3	100.0

(1)Classified based on credit grade assigned when customers were initially approved for financing.

(2)Percent of total ending managed receivables.

Allowance For Loan Losses

	As of February 28
(In millions)		2014	%  (1)		2013	%  (1)
Balance as of beginning of year	$	57.3	0.97	$	43.3	0.87
Charge-offs		(134.3)			(103.1)
Recoveries		74.7			60.9
Provision for loan losses		72.2			56.2
Balance as of end of year	$	69.9	0.97	$	57.3	0.97

(1)Percent of total ending managed receivables as of the corresponding reporting date.

Past Due Receivables

	As of February 28
(In millions)		2014	%  (1)		2013	%  (1)
Total ending managed receivables	$	7,184.4	100.0	$	5,933.3	100.0
Delinquent loans:
31-60 days past due	$	126.6	1.8	$	109.5	1.8
61-90 days past due		42.6	0.6		32.7	0.6
Greater than 90 days past due		16.0	0.2		12.0	0.2
Total past due	$	185.2	2.6	$	154.2	2.6

(1)Percent of total ending managed receivables