v3.26.1
Finance Receivables and Obligations Collateralized by Finance Receivables (Tables)
3 Months Ended
Mar. 31, 2026
Financing Receivable, after Allowance for Credit Loss, Current [Abstract]  
Schedule of quantitative information about delinquencies, credit losses less recoveries ("net credit losses") and components of securitized financial assets and other related assets managed
The following tables present quantitative information about delinquencies, credit loss charge-offs less recoveries ("net credit losses") and components of securitized financial assets and other related assets managed. For purposes of this illustration, delinquent receivables are defined as receivables 31 days or more past due.
 March 31, 2026
Net Credit Losses
Three Months Ended March 31, 2026
 Total Amount of:
(in millions)ReceivablesReceivables
Delinquent
Floorplan receivables$2,448.3 $19.6 $7.1 
Other loans   
Total receivables managed$2,448.3 $19.6 $7.1 
Accrued interest and fees26.0 
Allowance for credit losses(30.0)
Finance receivables, net$2,444.3 

 December 31, 2025
Net Credit Losses
Three Months Ended March 31, 2025
 Total Amount of:
(in millions)ReceivablesReceivables
Delinquent
Floorplan receivables$2,423.5 $9.3 $8.3 
Other loans— — — 
Total receivables managed$2,423.5 $9.3 $8.3 
Accrued interest and fees29.4 
Allowance for credit losses(27.5)
Finance receivables, net$2,425.4 
Summary of the changes in the allowance for credit losses and doubtful accounts
The following is a summary of the changes in the allowance for credit losses related to finance receivables (in millions):
 March 31, 2026March 31, 2025
Allowance for Credit Losses  
Balance at December 31$27.5 $19.8 
Provision for credit losses9.7 9.0 
Recoveries2.0 1.9 
Less charge-offs(9.1)(10.2)
Other(0.1)— 
Balance at end of period$30.0 $20.5 
Schedule of obligations collateralized by finance receivables Obligations collateralized by finance receivables consisted of the following (in millions):
March 31, 2026December 31, 2025
Obligations collateralized by finance receivables, gross$1,705.0 $1,771.7 
Unamortized securitization issuance costs(11.8)(13.4)
Obligations collateralized by finance receivables$1,693.2 $1,758.3