v3.20.4
Finance Receivables and Obligations Collateralized by Finance Receivables (Details)
$ in Millions, $ in Millions |
12 Months Ended |
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USD ($)
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USD ($)
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USD ($)
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CAD ($)
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USD ($)
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CAD ($)
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USD ($)
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CAD ($)
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Finance Receivables and Obligations Collateralized by Finance Receivables |
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Cost capitalized in connection with US/Canada RPA |
$ 18.5
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$ 14.1
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$ 12.5
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Principal amount of receivables |
1,911.0
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2,115.2
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Principal amount of receivables delinquent |
22.9
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28.8
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Net credit losses |
36.6
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34.3
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Allowance for losses |
22.0
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15.0
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14.0
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$ 13.0
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Finance receivables pledged as security |
1,865.3
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2,061.6
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Obligations collateralized by finance receivables, gross |
1,282.8
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1,474.4
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Obligations collateralized by finance receivables |
1,261.2
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1,461.2
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Finance receivables, net of allowances |
1,889.0
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2,100.2
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Floorplan receivables |
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Finance Receivables and Obligations Collateralized by Finance Receivables |
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Principal amount of receivables |
1,892.1
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2,099.4
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Principal amount of receivables delinquent |
22.9
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28.8
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Net credit losses |
36.6
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34.3
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Other Loans |
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Finance Receivables and Obligations Collateralized by Finance Receivables |
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Principal amount of receivables |
18.9
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15.8
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Principal amount of receivables delinquent |
0.0
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0.0
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Net credit losses |
0.0
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0.0
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AFC |
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Finance Receivables and Obligations Collateralized by Finance Receivables |
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Allowance for losses |
22.0
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15.0
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Unamortized securitization issuance costs |
$ (21.6)
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(13.2)
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AFC | Minimum |
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Finance Receivables and Obligations Collateralized by Finance Receivables |
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Period to define financing receivables as past due (in days) |
31 days
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AFC Funding Corporation |
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Finance Receivables and Obligations Collateralized by Finance Receivables |
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Committed liquidity |
$ 1,600.0
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$ 1,700.0
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1,700.0
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$ 1,600.0
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$ 1,500.0
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Cost capitalized in connection with US/Canada RPA |
$ 12.3
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11.6
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AFC Funding Corporation | Minimum |
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Finance Receivables and Obligations Collateralized by Finance Receivables |
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Cash reserve as security for obligations of collateralized financing receivables (as a percent) |
1.00%
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Cash reserve as security for obligations of collateralized financing receivables - circumstance two (as a percent) |
3.00%
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AFCI |
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Finance Receivables and Obligations Collateralized by Finance Receivables |
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Committed liquidity |
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$ 175
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$ 175
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$ 125
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Cost capitalized in connection with US/Canada RPA |
$ 1.0
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$ 0.9
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AFCI | Minimum |
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Finance Receivables and Obligations Collateralized by Finance Receivables |
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Cash reserve as security for obligations of collateralized financing receivables (as a percent) |
1.00%
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Cash reserve as security for obligations of collateralized financing receivables - circumstance two (as a percent) |
3.00%
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X |
- DefinitionRepresents the cash reserve maintained as a percentage of finance receivables securitized, which serves as security for the obligations collateralized by the financing receivables.
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- DefinitionRepresents the cash reserve maintained when certain circumstances are triggered as a percentage of finance receivables securitized, which serves as security for the obligations collaterized by the financing receivables.
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- DefinitionRepresents the amount of committed liquidity provided by the funding corporation.
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- DefinitionRepresents the number of days for defining financing receivables as past due.
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- DefinitionGross amount of liabilities associated with financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented.
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- DefinitionAmount of allowance for credit loss on financing receivable, classified as current.
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- DefinitionAmount of net credit losses charged off.
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- DefinitionAmount, after allowance for credit loss, of financing receivable, classified as current. Includes, but is not limited to, notes and loan receivable.
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- DefinitionThe cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt.
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- DefinitionThe carrying amount, as of the date of the latest financial statement presented, of finance receivables which are owned but transferred to serve as collateral for the payment of the related debt obligation, primarily a secured borrowing or repurchase agreement, and for which the transferee is not permitted to sell or re-pledge them to an unrelated party.
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- DefinitionThis is the amount of the financial instruments that are considered delinquent (past due) at the end of the period.
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- DefinitionLine items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
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- DefinitionAmount of transferred financial assets in which the transferor has continuing involvement with the assets underlying the transaction that continue to be recognized in the statement of financial position. Includes, but is not limited to, servicing, recourse, and restrictions on transferor's interests in transferred financial assets.
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- DefinitionCarrying amount of liabilities associated with financial assets accounted for as secured borrowings recognized in the transferor's statement of financial position at the end of each period presented.
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- DefinitionThe remaining balance of debt issuance expenses that were capitalized and are being amortized against income over the lives of the respective bond issues. This does not include the amounts capitalized as part of the cost of the utility plant or asset.
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