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Loans Receivable (Tables)
 12 Months Ended
Dec. 31, 2022
Receivables [Abstract]  
Schedule Of Loans Receivable
Loans receivable and allowance for credit losses consist of the following:

(In millions)As of December 31, 2022
 Dealer LoansPurchased LoansTotal
Loans receivable$6,074.8 $3,090.7 $9,165.5 
Allowance for credit losses(2,000.0)(867.8)(2,867.8)
Loans receivable, net$4,074.8 $2,222.9 $6,297.7 
(In millions)As of December 31, 2021
 Dealer LoansPurchased LoansTotal
Loans receivable$5,655.1 $3,694.7 $9,349.8 
Allowance for credit losses(1,767.8)(1,245.7)(3,013.5)
Loans receivable, net$3,887.3 $2,449.0 $6,336.3 
Summary Of Changes In Loans Receivable
A summary of changes in Loans receivable and allowance for credit losses is as follows:

(In millions)
For the Year Ended December 31, 2022
Loans Receivable
Allowance for Credit Losses
Loans Receivable, Net
Dealer Loans
Purchased Loans
Total
Dealer Loans
Purchased Loans
Total
Dealer Loans
Purchased Loans
Total
Balance, beginning of period
$5,655.1 $3,694.7 $9,349.8 $(1,767.8)$(1,245.7)$(3,013.5)$3,887.3 $2,449.0 $6,336.3 
Finance charges
1,391.0 997.8 2,388.8 (442.4)(260.1)(702.5)948.6 737.7 1,686.3 
Provision for credit losses
— — — (240.4)(241.0)(481.4)(240.4)(241.0)(481.4)
New Consumer Loan assignments (1)
2,530.0 1,095.3 3,625.3 — — — 2,530.0 1,095.3 3,625.3 
Collections (2)
(3,237.5)(1,871.9)(5,109.4)— — — (3,237.5)(1,871.9)(5,109.4)
Accelerated Dealer Holdback payments
44.2 — 44.2 — — — 44.2 — 44.2 
Dealer Holdback payments
186.6 — 186.6 — — — 186.6 — 186.6 
Transfers (3)
(72.1)72.1 — 18.3 (18.3)— (53.8)53.8 — 
Write-offs
(433.4)(900.4)(1,333.8)433.4 900.4 1,333.8 — — — 
Recoveries (4)
1.1 3.1 4.2 (1.1)(3.1)(4.2)— — — 
Deferral of Loan origination costs
9.8 — 9.8 — — — 9.8 — 9.8 
Balance, end of period
$6,074.8 $3,090.7 $9,165.5 $(2,000.0)$(867.8)$(2,867.8)$4,074.8 $2,222.9 $6,297.7 
(In millions)
For the Year Ended December 31, 2021
Loans Receivable
Allowance for Credit Losses
Loans Receivable, Net
Dealer Loans
Purchased Loans
Total
Dealer Loans
Purchased Loans
Total
Dealer Loans
Purchased Loans
Total
Balance, beginning of period
$5,869.6 $4,255.2 $10,124.8 $(1,702.1)$(1,634.8)$(3,336.9)$4,167.5 $2,620.4 $6,787.9 
Finance charges
1,385.1 1,117.9 2,503.0 (413.8)(346.6)(760.4)971.3 771.3 1,742.6 
Provision for credit losses
— — — 28.2 (36.6)(8.4)28.2 (36.6)(8.4)
New Consumer Loan assignments (1)
2,059.0 1,108.8 3,167.8 — — — 2,059.0 1,108.8 3,167.8 
Collections (2)
(3,464.6)(2,095.1)(5,559.7)— — — (3,464.6)(2,095.1)(5,559.7)
Accelerated Dealer Holdback payments
44.1 — 44.1 — — — 44.1 — 44.1 
Dealer Holdback payments
153.4 — 153.4 — — — 153.4 — 153.4 
Transfers (3)
(115.7)115.7 — 35.5 (35.5)— (80.2)80.2 — 
Write-offs
(286.2)(810.3)(1,096.5)286.2 810.3 1,096.5 — — — 
Recoveries (4)
1.8 2.5 4.3 (1.8)(2.5)(4.3)— — — 
Deferral of Loan origination costs
8.6 — 8.6 — — — 8.6 — 8.6 
Balance, end of period
$5,655.1 $3,694.7 $9,349.8 $(1,767.8)$(1,245.7)$(3,013.5)$3,887.3 $2,449.0 $6,336.3 
(In millions)
For the Year Ended December 31, 2020
Loans Receivable
Allowance for Credit Losses
Loans Receivable, Net
Dealer Loans
Purchased Loans
Total
Dealer Loans
Purchased Loans
Total
Dealer Loans
Purchased Loans
Total
Balance, beginning of period
$4,623.3 $2,597.9 $7,221.2 $(428.0)$(108.0)$(536.0)$4,195.3 $2,489.9 $6,685.2 
Adoption of CECL (5)
940.2 1,523.4 2,463.6 (940.2)(1,523.4)(2,463.6)— — — 
Finance charges
1,313.9 991.0 2,304.9 (368.0)(374.5)(742.5)945.9 616.5 1,562.4 
Provision for credit losses
— — — (239.7)(317.2)(556.9)(239.7)(317.2)(556.9)
New Consumer Loan assignments (1)
2,207.8 1,433.4 3,641.2 — — — 2,207.8 1,433.4 3,641.2 
Collections (2)
(3,059.1)(1,682.3)(4,741.4)— — — (3,059.1)(1,682.3)(4,741.4)
Accelerated Dealer Holdback payments
45.9 — 45.9 — — — 45.9 — 45.9 
Dealer Holdback payments
142.6 — 142.6 — — — 142.6 — 142.6 
Transfers (3)
(119.8)119.8 — 39.7 (39.7)— (80.1)80.1 — 
Write-offs
(235.1)(729.8)(964.9)235.1 729.8 964.9 — — — 
Recoveries (4)
1.0 1.8 2.8 (1.0)(1.8)(2.8)— — — 
Deferral of Loan origination costs
8.9 — 8.9 — — — 8.9 — 8.9 
Balance, end of period
$5,869.6 $4,255.2 $10,124.8 $(1,702.1)$(1,634.8)$(3,336.9)$4,167.5 $2,620.4 $6,787.9 

(1)The Dealer Loans amount represents advances paid to Dealers on Consumer Loans assigned under our Portfolio Program. The Purchased Loans amount represents one-time payments made to Dealers to purchase Consumer Loans assigned under our Purchase Program.
(2)Represents repayments that we collected on Consumer Loans assigned under our programs.
(3)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 and related allowance for credit losses balance to Purchased Loans in the period this forfeiture occurs.
(4)The Dealer Loans amount represents net cash flows received (collections less any related Dealer Holdback payments) on Dealer Loans that were previously written off in full. The Purchased Loans amount represents collections received on Purchased Loans that were previously written off in full.
(5)Represents the gross-up of Loans receivable and allowance for credit losses on January 1, 2020 upon the adoption of CECL for the present value of the difference between contractual future net cash flows and expected future net cash flows discounted at the effective interest rate.
Summary of Provision for Credit Losses [Table Text Block] The following table summarizes the provision for credit losses for each of these components:
(In millions)
For the Year Ended December 31, 2022
Provision for Credit Losses
Dealer Loans
Purchased Loans
Total
New Consumer Loan assignments
$154.8 $188.9 $343.7 
Forecast changes
85.6 52.1 137.7 
Total
$240.4 $241.0 $481.4 

(In millions)
For the Year Ended December 31, 2021
Provision for Credit Losses
Dealer Loans
Purchased Loans
Total
New Consumer Loan assignments
$153.1 $212.0 $365.1 
Forecast changes
(181.3)(175.4)(356.7)
Total
$(28.2)$36.6 $8.4 
(In millions)
For the Year Ended December 31, 2020
Provision for Credit Losses
Dealer Loans
Purchased Loans
Total
New Consumer Loan assignments
$209.7 $308.9 $518.6 
Forecast changes
30.0 8.3 38.3 
Total
$239.7 $317.2 $556.9 
Summary Of Information Related To New Consumer Loan Assignments
(In millions)
For the Year Ended December 31, 2022
New Consumer Loan Assignments
Dealer Loans
Purchased Loans
Total
Contractual net cash flows at the time of assignment (1)
$3,874.4 $2,185.9 $6,060.3 
Expected net cash flows at the time of assignment (2)
3,516.1 1,497.0 5,013.1 
Loans receivable at the time of assignment (3)
2,530.0 1,095.3 3,625.3 

Provision for credit losses expense at the time of assignment
$(154.8)$(188.9)$(343.7)
Expected future finance charges at the time of assignment (4)
1,140.9 590.6 1,731.5 
Expected net Loan income at the time of assignment (5)
$986.1 $401.7 $1,387.8 

(In millions)
For the Year Ended December 31, 2021
New Consumer Loan Assignments
Dealer Loans
Purchased Loans
Total
Contractual net cash flows at the time of assignment (1)
$3,202.5 $2,324.1 $5,526.6 
Expected net cash flows at the time of assignment (2)
2,880.9 1,549.1 4,430.0 
Loans receivable at the time of assignment (3)
2,059.0 1,108.8 3,167.8 
Provision for credit losses expense at the time of assignment
$(153.1)$(212.0)$(365.1)
Expected future finance charges at the time of assignment (4)
975.0 652.3 1,627.3 
Expected net Loan income at the time of assignment (5)
$821.9 $440.3 $1,262.2 

(In millions)
For the Year Ended December 31, 2020
New Consumer Loan Assignments
Dealer Loans
Purchased Loans
Total
Contractual net cash flows at the time of assignment (1)
$3,506.9 $3,151.2 $6,658.1 
Expected net cash flows at the time of assignment (2)
3,113.4 2,018.2 5,131.6 
Loans receivable at the time of assignment (3)
2,207.8 1,433.4 3,641.2 
Provision for credit losses expense at the time of assignment
$(209.7)$(308.9)$(518.6)
Expected future finance charges at the time of assignment (4)
1,115.3 893.7 2,009.0 
Expected net Loan income at the time of assignment (5)
$905.6 $584.8 $1,490.4 

(1)The Dealer Loans amount represents repayments that we were contractually owed at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related Dealer Holdback payments that we would be required to make if we collected all of the contractual repayments. The Purchased Loans amount represents repayments that we were contractually owed at the time of assignment on Consumer Loans assigned under our Purchase Program.
(2)The Dealer Loans amount represents repayments that we expected to collect at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related Dealer Holdback payments that we expected to make. The Purchased Loans amount represents repayments that we expected to collect at the time of assignment on Consumer Loans assigned under our Purchase Program.
(3)The Dealer Loans amount represents advances paid to Dealers on Consumer Loans assigned under our Portfolio Program. The Purchased Loans amount represents one-time payments made to Dealers to purchase Consumer Loans assigned under our Purchase Program.
(4)Represents revenue that is expected to be recognized on a level-yield basis over the lives of the Loans.
(5)Represents the amount that expected net cash flows at the time of assignment (2) exceed Loans receivable at the time of assignment (3).
Summary of Changes in Expected Net Cash Flows [Table Text Block] summary of changes in expected future net cash flows is as follows:
(In millions)
For the Year Ended December 31, 2022
Expected Future Net Cash Flows
Dealer Loans
Purchased Loans
Total
Balance, beginning of period
$5,249.7 $3,698.6 $8,948.3 
New Consumer Loan assignments (1)
3,516.1 1,497.0 5,013.1 
Realized net cash flows (2)
(3,006.7)(1,871.9)(4,878.6)
Forecast changes
(41.6)(18.1)(59.7)
Transfers (3)
(79.6)89.9 10.3 
Balance, end of period
$5,637.9 $3,395.5 $9,033.4 

(In millions)
For the Year Ended December 31, 2021
Expected Future Net Cash Flows
Dealer Loans
Purchased Loans
Total
Balance, beginning of period
$5,664.3 $3,880.1 $9,544.4 
New Consumer Loan assignments (1)
2,880.9 1,549.1 4,430.0 
Realized net cash flows (2)
(3,267.1)(2,095.1)(5,362.2)
Forecast changes
87.7 238.4 326.1 
Transfers (3)
(116.1)126.1 10.0 
Balance, end of period
$5,249.7 $3,698.6 $8,948.3 

(In millions)For the Year Ended December 31, 2020
Expected Future Net Cash FlowsDealer LoansPurchased LoansTotal
Balance, beginning of period$5,577.0 $3,428.2 $9,005.2 
New Consumer Loan assignments (1)3,113.4 2,018.2 5,131.6 
Realized net cash flows (2)(2,870.6)(1,682.3)(4,552.9)
Forecast changes(41.1)(5.2)(46.3)
Transfers (3)(114.4)121.2 6.8 
Balance, end of period$5,664.3 $3,880.1 $9,544.4 

(1)The Dealer Loans amount represents repayments that we expected to collect at the time of assignment on Consumer Loans assigned under our Portfolio Program, less the related Dealer Holdback payments that we expected to make. The Purchased Loans amount represents repayments that we expected to collect at the time of assignment on Consumer Loans assigned under our Purchase Program.
(2)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.
(3)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.
Schedule Of Consumer Loans Forecasted Collection Percentage The following table compares our forecast of Consumer Loan collection rates as of December 31, 2022, with the forecasts as of December 31, 2021, as of December 31, 2020, and at the time of assignment, segmented by year of assignment:
Total Loans as of December 31, 2022
 Forecasted Collection Percentage as of (1) Current Forecast Variance from
Consumer Loan Assignment YearDecember 31, 2022December 31, 2021December 31, 2020Initial
Forecast		December 31, 2021December 31, 2020Initial
Forecast
201373.5 %73.4 %73.4 %72.0 %0.1 %0.1 %1.5 %
201471.7 %71.5 %71.6 %71.8 %0.2 %0.1 %-0.1 %
201565.2 %65.1 %65.2 %67.7 %0.1 %0.0 %-2.5 %
201663.8 %63.6 %63.6 %65.4 %0.2 %0.2 %-1.6 %
201764.7 %64.4 %64.1 %64.0 %0.3 %0.6 %0.7 %
201865.2 %65.1 %64.0 %63.6 %0.1 %1.2 %1.6 %
201966.6 %66.5 %64.4 %64.0 %0.1 %2.2 %2.6 %
202067.8 %67.9 %64.8 %63.4 %-0.1 %3.0 %4.4 %
202166.2 %66.5 %— 66.3 %-0.3 %— -0.1 %
202266.3 %— — 67.5 %— — -1.2 %

Dealer Loans as of December 31, 2022
 Forecasted Collection Percentage as of (1) (2) Current Forecast Variance from
Consumer Loan Assignment YearDecember 31, 2022December 31, 2021December 31, 2020Initial
Forecast		December 31, 2021December 31, 2020Initial
Forecast
201373.4 %73.3 %73.4 %72.1 %0.1 %0.0 %1.3 %
201471.6 %71.4 %71.5 %71.9 %0.2 %0.1 %-0.3 %
201564.5 %64.4 %64.5 %67.5 %0.1 %0.0 %-3.0 %
201663.0 %62.8 %62.8 %65.1 %0.2 %0.2 %-2.1 %
201764.0 %63.8 %63.4 %63.8 %0.2 %0.6 %0.2 %
201864.6 %64.6 %63.5 %63.6 %0.0 %1.1 %1.0 %
201966.3 %66.2 %64.1 %63.9 %0.1 %2.2 %2.4 %
202067.7 %67.6 %64.5 %63.3 %0.1 %3.2 %4.4 %
202166.0 %66.2 %— 66.3 %-0.2 %— -0.3 %
202265.8 %— — 67.3 %— — -1.5 %
Purchased Loans as of December 31, 2022
 Forecasted Collection Percentage as of (1) (2) Current Forecast Variance from
Consumer Loan Assignment YearDecember 31, 2022December 31, 2021December 31, 2020Initial
Forecast		December 31, 2021December 31, 2020Initial
Forecast
201374.3 %74.2 %74.3 %71.6 %0.1 %0.0 %2.7 %
201472.5 %72.4 %72.4 %70.9 %0.1 %0.1 %1.6 %
201568.9 %68.9 %68.8 %68.5 %0.0 %0.1 %0.4 %
201666.0 %65.8 %65.8 %66.5 %0.2 %0.2 %-0.5 %
201766.3 %66.0 %65.6 %64.6 %0.3 %0.7 %1.7 %
201866.4 %66.4 %65.1 %63.5 %0.0 %1.3 %2.9 %
201967.2 %67.2 %65.1 %64.2 %0.0 %2.1 %3.0 %
202068.0 %68.4 %65.4 %63.6 %-0.4 %2.6 %4.4 %
202166.7 %67.1 %— 66.3 %-0.4 %— 0.4 %
202267.4 %— — 68.0 %— — -0.6 %

(1)Represents the total forecasted collections we expect to collect on the Consumer Loans as a percentage of the repayments that we were contractually owed on the Consumer Loans at the time of assignment.  Contractual repayments include both principal and interest. Forecasted collection rates are negatively impacted by canceled Consumer Loans as the contractual amount owed is not removed from the denominator for purposes of computing forecasted collection rates in the table.
(2)The forecasted collection rates presented for Dealer Loans and Purchased Loans reflect the Consumer Loan classification at the time of assignment.
Financing Receivable, Past Due [Table Text Block] The following table summarizes the past-due status of Consumer Loan assignments as of December 31, 2022 and December 31, 2021, segmented by year of assignment:
(In millions)
Total Loans as of December 31, 2022 (1) (2)
Pre-term Consumer Loans (3)
Post-term Consumer Loans (4)
Total
Consumer Loan Assignment Year
Current (5)
Past Due
11-90 Days
Past Due
Over 90 Days
2017 and prior$16.1 $9.6 $42.2 $167.7 $235.6 
2018142.8 71.7 197.5 37.3 449.3 
2019446.5 214.0 411.9 6.5 1,078.9 
2020732.6 332.8 421.1 0.9 1,487.4 
20211,209.1 480.4 398.8 — 2,088.3 
20223,036.1 631.1 158.8 — 3,826.0 
$5,583.2 $1,739.6 $1,630.3 $212.4 $9,165.5 
(In millions)
Dealer Loans as of December 31, 2022 (1)
Pre-term Consumer Loans (3)
Post-term Consumer Loans (4)
Total
Consumer Loan Assignment Year
Current (5)
Past Due
11-90 Days
Past Due
Over 90 Days
2017 and prior$7.7 $4.5 $20.4 $103.1 $135.7 
201871.5 34.3 97.3 21.3 224.4 
2019215.2 100.7 196.9 4.2 517.0 
2020461.6 204.6 259.4 0.7 926.3 
2021836.1 324.8 268.0 — 1,428.9 
20222,258.6 467.1 116.8 — 2,842.5 
$3,850.7 $1,136.0 $958.8 $129.3 $6,074.8 
(In millions)
Purchased Loans as of December 31, 2022 (2)
Pre-term Consumer Loans (3)
Post-term Consumer Loans (4)
Total
Consumer Loan Assignment Year
Current (5)
Past Due
11-90 Days
Past Due
Over 90 Days
2017 and prior$8.4 $5.1 $21.8 $64.6 $99.9 
201871.3 37.4 100.2 16.0 224.9 
2019231.3 113.3 215.0 2.3 561.9 
2020271.0 128.2 161.7 0.2 561.1 
2021373.0 155.6 130.8 — 659.4 
2022777.5 164.0 42.0 — 983.5 
$1,732.5 $603.6 $671.5 $83.1 $3,090.7 
(In millions)
Total Loans as of December 31, 2021 (1) (2)
Pre-term Consumer Loans (3)
Post-term Consumer Loans (4)
Total
Consumer Loan Assignment Year
Current (5)
Past Due
11-90 Days
Past Due
Over 90 Days
2016 and prior$7.4 $3.4 $38.6 $117.5 $166.9 
201793.4 35.0 155.7 34.5 318.6 
2018452.4 169.9 395.1 6.7 1,024.1 
20191,085.4 410.7 580.8 1.1 2,078.0 
20201,586.4 538.6 405.5 — 2,530.5 
20212,555.5 554.5 121.7 — 3,231.7 
$5,780.5 $1,712.1 $1,697.4 $159.8 $9,349.8 
(In millions)
Dealer Loans as of December 31, 2021 (1)
Pre-term Consumer Loans (3)
Post-term Consumer Loans (4)
Total
Consumer Loan Assignment Year
Current (5)
Past Due
11-90 Days
Past Due
Over 90 Days
2016 and prior$2.5 $1.1 $12.8 $82.2 $98.6 
201744.9 16.8 75.2 21.8 158.7 
2018228.7 84.0 195.9 4.2 512.8 
2019530.7 194.2 276.3 0.7 1,001.9 
20201,025.5 337.9 254.0 — 1,617.4 
20211,800.5 382.8 82.4 — 2,265.7 
$3,632.8 $1,016.8 $896.6 $108.9 $5,655.1 
(In millions)
Purchased Loans as of December 31, 2021 (2)
Pre-term Consumer Loans (3)
Post-term Consumer Loans (4)
Total
Consumer Loan Assignment Year
Current (5)
Past Due
11-90 Days
Past Due
Over 90 Days
2016 and prior$4.9 $2.3 $25.8 $35.3 $68.3 
201748.5 18.2 80.5 12.7 159.9 
2018223.7 85.9 199.2 2.5 511.3 
2019554.7 216.5 304.5 0.4 1,076.1 
2020560.9 200.7 151.5 — 913.1 
2021755.0 171.7 39.3 — 966.0 
$2,147.7 $695.3 $800.8 $50.9 $3,694.7 

(1)As Consumer Loans are aggregated by Dealer for purposes of recognizing revenue and measuring credit losses, the Dealer Loan amount was estimated by allocating the balance of each Dealer Loan to the underlying Consumer Loans based on the forecasted future collections of each Consumer Loan.
(2)As certain Consumer Loans are aggregated by Dealer or month of purchase for purposes of recognizing revenue and measuring credit losses, the Purchased Loan amount was estimated by allocating the balance of certain Purchased Loans to the underlying Consumer Loans based on the forecasted future collections of each Consumer Loan.
(3)Represents the Loan balance attributable to Consumer Loans outstanding within their initial loan terms.
(4)Represents the Loan balance attributable to Consumer Loans outstanding beyond their initial loan terms.
(5)We consider a Consumer Loan to be current for purposes of forecasting expected collection rates if contractual repayments are less than 11 days past due.
Forecast Adjustment [Table Text Block]
The removal of the COVID forecast adjustment and the implementation of the enhanced forecasting methodology during the first quarter of 2022 impacted forecasted net cash flows and provision for credit losses as follows:
(In millions)Increase / (Decrease) in
Forecasting Methodology ChangesForecasted Net Cash FlowsProvision for Credit Losses
Removal of COVID forecast adjustment$149.5 $(118.5)
Implementation of enhanced forecasting methodology (53.8)47.9 
Total95.7 (70.6)