XML 80 R64.htm IDEA: XBRL DOCUMENT v3.22.4
DISCONTINUED OPERATIONS AND OTHER DIVESTITURES - Narrative (Details)
R$ in Millions, $ in Millions
3 Months Ended 12 Months Ended
Jul. 01, 2022
USD ($)
Jun. 30, 2022
USD ($)
Nov. 12, 2021
USD ($)
Dec. 31, 2021
USD ($)
dealership
Dec. 31, 2022
USD ($)
franchise
dealership
Dec. 31, 2021
USD ($)
dealership
Dec. 31, 2020
USD ($)
dealership
Jul. 02, 2022
USD ($)
Jul. 02, 2022
BRL (R$)
Nov. 12, 2021
BRL (R$)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations                    
Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]         Net loss from discontinued operations          
Dispositions reduced goodwill         $ 37.3 $ 4.1        
U.S.                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations                    
Dispositions reduced goodwill         37.3 4.1        
U.K.                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations                    
Dispositions reduced goodwill         0.0 0.0        
Held-for-sale | U.S.                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations                    
Number of dealerships | dealership             2      
Disposed of by Sale                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations                    
Dispositions reduced goodwill         37.3 $ 4.0        
Disposed of by Sale | U.S.                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations                    
Number of franchise within existing dealerships | dealership           1        
Net pre-tax gain (loss) on dealership dispositions         $ 30.8 $ 4.4 $ 3.1      
Number of dealerships | dealership       3 5 3        
Number of franchises disposed | dealership         5 3 3      
Disposed of by Sale | U.K.                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations                    
Number of franchise within existing dealerships | dealership           1        
Number of dealerships | dealership         1          
Number of franchises terminated         1 1        
Brazil | Held-for-sale                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations                    
Consideration for disposal     $ 510.0             R$ 510.0
Holdback term (years)     5 years              
Amount of currency translation loss recorded in AOCI         $ 122.8          
Brazil | Held-for-sale | General Representations and Warranties                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations                    
Holdback portion of consideration | R$                   R$ 115.0
Brazil | Disposed of by Sale                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations                    
Consideration for disposal               $ 4.1    
Net loss       $ (87.5) (10.0) $ (77.5)        
Amount of currency translation loss recorded in AOCI $ 122.8                  
Foreign exchange risk exposure         70.0          
Foreign currency transaction loss, settled   $ 8.4                
Tax settlement               $ 4.5 R$ 23.0  
Brazil | Discontinued Operations                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations                    
Accrued expenses and other current liabilities       $ 8.7 $ 7.8 $ 8.7