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Loans Receivable (Summary of Changes in Accretable Yield) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Certain Loans Acquired in Transfer Not Accounted for as Loans Accretable Yield Movement Schedule [Roll Forward]          
Balance, beginning of period     $ 2,302.3   $ 2,065.5
New Consumer Loan assignments     358.6 [1]   1,198.6
Accretion     (352.3) [2]   (1,020.1) [3]
Provision for credit losses     19.3   49.2
Forecast changes $ 138.5 $ (206.5) 2.6 $ (43.6) 32.3
Transfers     (2.1) [4]   (7.1) [5]
Balance, end of period     2,332.6   2,332.6
Dealer Loans [Member]          
Certain Loans Acquired in Transfer Not Accounted for as Loans Accretable Yield Movement Schedule [Roll Forward]          
Balance, beginning of period     1,390.4   1,283.0
New Consumer Loan assignments     224.0 [1]   759.9
Accretion     (227.6) [2]   (668.1) [3]
Provision for credit losses     17.9   44.0
Forecast changes 39.5   (4.2) (36.5) (0.3)
Transfers     (7.9) [4]   (25.9) [5]
Balance, end of period     1,392.6   1,392.6
Purchased Loans [Member]          
Certain Loans Acquired in Transfer Not Accounted for as Loans Accretable Yield Movement Schedule [Roll Forward]          
Balance, beginning of period     911.9   782.5
New Consumer Loan assignments     134.6 [1]   438.7
Accretion     (124.7) [2]   (352.0) [3]
Provision for credit losses     1.4   5.2
Forecast changes $ 99.0   6.8 $ (7.1) 32.6
Transfers     (10.0) [4]   (33.0) [5]
Balance, end of period     $ 940.0   $ 940.0
[1] The Dealer Loans amount represents the net cash flows expected at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related advances paid to Dealers. The Purchased Loans amount represents the net cash flows expected at the time of assignment on Consumer Loans assigned under our Purchase Program, less the related one-time payments made to Dealers.
[2] Represents finance charges excluding the amortization of deferred direct origination costs for Dealer Loans.
[3] The Dealer Loans amount represents repayments that we collected on Consumer Loans assigned under our Portfolio Program, less the Dealer Holdback and Accelerated Dealer Holdback payments that we made. Purchased Loans amount represents repayments that we collected on Consumer Loans assigned under our Purchase Program.
[4] Under our Portfolio Program, certain events may result in Dealers forfeiting their rights to Dealer Holdback. We transfer the Dealer’s outstanding Dealer Loan balance, the related allowance for credit losses balance and related expected future net cash flows to Purchased Loans in the period this forfeiture occurs.
[5] Under our Portfolio Program, certain events may result in Dealers forfeiting their rights to Dealer Holdback. We transfer the Dealer’s outstanding Dealer Loan balance, related allowance for credit losses balance and related expected future net cash flows to Purchased Loans in the period this forfeiture occurs.