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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 60.8 $ 72.6
Receivables, net of allowance for credit losses of $2.1 million and $1.7 million, respectively 1,040.4 858.8
Inventory 3,033.4 2,048.3
Other current assets 172.3 158.3
Total Current Assets 4,306.9 3,138.0
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $46.3 million and $57.5 million, respectively 402.4 303.1
PROPERTY AND EQUIPMENT, NET 3,791.6 3,607.2
OPERATING LEASE ASSETS 392.1 323.5
GOODWILL 1,465.8 1,320.1
OTHER INTANGIBLE ASSETS, NET 927.8 837.0
OTHER ASSETS 693.4 530.8
Total Assets 11,980.0 10,059.7 Close
CURRENT LIABILITIES:     Close
Vehicle floorplan payable 3,382.4 2,109.3 Close
Accounts payable 344.7 327.6 Close
Commercial paper 440.0 50.0 Close
Current maturities of long-term debt 462.4 12.6 Close
Current portion of non-recourse debt 8.8 10.7 Close
Accrued payroll and benefits 239.0 238.0 Close
Other current liabilities 705.2 657.5 Close
Total Current Liabilities 5,582.5 3,405.7
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,127.9 3,586.9 Close
NON-RECOURSE DEBT, NET OF CURRENT PORTION 249.6 312.9 Close
NONCURRENT OPERATING LEASE LIABILITIES 363.2 296.9 Close
DEFERRED INCOME TAXES 85.0 76.5 Close
OTHER LIABILITIES 360.4 333.0 Close
COMMITMENTS AND CONTINGENCIES (Note 20) Close
SHAREHOLDERS' EQUITY:    
Total Liabilities 9768.6 8011.9 0 0 0 Close
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at December 31, 2023, and 63,562,149 shares issued at December 31, 2022, including shares held in treasury 0.6 0.6 Close
Additional paid-in capital 22.4 3.1
Retained earnings 4,643.0 3,663.7
Treasury stock, at cost; 21,917,635 and 15,915,358 shares held, respectively (2,454.6) (1,619.6)
Total Shareholders’ Equity 2,211.4 2,047.8 Close
Total Liabilities and Shareholders’ Equity 11,980.0 10,059.7
Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable 1,760.0 946.6
Non-Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable $ 1,622.4 $ 1,162.7