Inventory Financing Agreements (Tables)

3 Months Ended

Mar. 31, 2017

Inventory Financing Agreements [Abstract]

Inventory Financing Agreements

(in millions)	March 31, 2017		December 31, 2016
Revolving Loan inventory financing agreement(1)	$	427.2	$	558.3
Other inventory financing agreements(2)	17.8		22.1
Accounts payable-inventory financing	$	445.0	$	580.4

(1) The Senior Secured Asset-Based Revolving Credit Facility (“Revolving Loan”) includes an inventory floorplan sub-facility that enables the Company to maintain an inventory financing agreement with a financial intermediary to facilitate the purchase of inventory from certain vendors on more favorable terms than offered directly by the vendors.

(2) As of March 31, 2017 and December 31, 2016, amounts owed under other inventory financing agreements were less than $1 million and $3 million, respectively. These agreements were collateralized by the inventory purchased under these financing agreements and a second lien on the related accounts receivable.