Revenue Recognition Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2019

In the following tables, revenue is disaggregated by major lines of goods and services and timing of transfer of goods and services. We have determined that these categories depict how the nature, amount, timing, and uncertainty of our revenue and cash flows are affected by economic factors. The tables below also include a reconciliation of disaggregated revenue to reportable segment revenue.



	Twelve Months Ended December 31, 2019
	Domestic		Import		Premium Luxury		Corporate and other⁽¹⁾		Total
Major Goods/Service Lines
New vehicle	$	3,502.5	$	3,695.6	$	3,968.4	$	—	$	11,166.5
Used vehicle	1,769.5		1,501.9		2,045.6		149.5		5,466.5
Parts and service	959.0		889.7		1,136.0		587.4		3,572.1
Finance and insurance, net	354.6		368.3		279.2		21.2		1,023.3
Other	85.8		13.2		5.6		2.7		107.3
	$	6,671.4	$	6,468.7	$	7,434.8	$	760.8	$	21,335.7

Timing of Revenue Recognition
Goods and services transferred at a point in time	$	5,969.6	$	5,768.3	$	6,467.5	$	399.3	$	18,604.7
Goods and services transferred over time⁽²⁾	701.8		700.4		967.3		361.5		2,731.0
	$	6,671.4	$	6,468.7	$	7,434.8	$	760.8	$	21,335.7



	Twelve Months Ended December 31, 2018
	Domestic		Import		Premium Luxury		Corporate and other⁽¹⁾		Total
Major Goods/Service Lines
New vehicle	$	3,900.8	$	4,046.4	$	3,804.4	$	—	$	11,751.6
Used vehicle	1,725.2		1,418.7		1,875.1		104.3		5,123.3
Parts and service	1,082.8		934.8		1,082.2		347.8		3,447.6
Finance and insurance, net	344.4		362.6		246.0		28.4		981.4
Other	81.3		23.9		3.2		0.5		108.9
	$	7,134.5	$	6,786.4	$	7,010.9	$	481.0	$	21,412.8

Timing of Revenue Recognition
Goods and services transferred at a point in time	$	6,441.2	$	6,079.1	$	6,098.3	$	140.9	$	18,759.5
Goods and services transferred over time⁽²⁾	693.3		707.3		912.6		340.1		2,653.3
	$	7,134.5	$	6,786.4	$	7,010.9	$	481.0	$	21,412.8

⁽¹⁾ “Corporate and other” is comprised of our other businesses, including collision centers, auction operations, AutoNation USA stand-alone used vehicle sales and service centers, and aftermarket collision parts businesses.
⁽²⁾ Represents revenue recognized during the period for automotive repair and maintenance services.

Contract Assets and Liabilities

The following table provides the balances at December 31 of our receivables from contracts with customers and our current and long-term contract assets and contract liabilities:



	2019		2018
Receivables from contracts with customers, net	$	662.0	$	706.7
Contract Asset (Current)	$	26.7	$	28.2
Contract Asset (Long-Term)	$	7.0	$	17.4
Contract Liability (Current)	$	32.6	$	31.6
Contract Liability (Long-Term)	$	57.7	$	61.9

The change in the balances of our contract assets and contract liabilities primarily result from the timing differences between our performance and the customer’s payment, as well as changes in the estimated transaction price related to variable consideration that was constrained for performance obligations satisfied in previous periods. The following table presents revenue recognized during the year from amounts included in the contract liability balance at the beginning of the period and performance obligations satisfied in previous periods:



	2019		2018
Amounts included in contract liability at the beginning of the period	$	35.1	$	29.8
Performance obligations satisfied in previous periods	$	9.3	$	23.6

Other significant changes include contract assets reclassified to receivables of $30.0 million during 2019 and $9.8 million in 2018.

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The following table includes estimated revenue expected to be recognized in the future related to VCP performance obligations that are unsatisfied (or partially unsatisfied) at the end of the reporting period.



	Revenue Expected to Be Recognized by Period
	Total		Less Than 1 Year		1 - 3 Years		3 - 5 Years
Revenue expected to be recognized on VCP contracts sold as of period end	$	89.5	$	29.4	$	44.7	$	15.4