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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
ASSETS    
Cash and cash equivalents $ 60.3 $ 60.8
Receivables, net 880.0 1,040.4
Inventory 3,002.7 3,033.4
Other current assets 298.9 172.3
Total Current Assets 4,241.9 4,306.9
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $48.1 million and $46.3 million, respectively 517.9 402.4
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $2.1 billion and $2.1 billion, respectively 3,774.0 3,791.6
OPERATING LEASE ASSETS 416.3 392.1
GOODWILL 1,454.7 1,465.8
OTHER INTANGIBLE ASSETS, NET 925.6 927.8
OTHER ASSETS 710.9 693.4
Total Assets 12,041.3 11,980.0 CloseClose
LIABILITIES AND SHAREHOLDERS’ EQUITY     Close
Vehicle floorplan payable 3,270.9 3,382.4 Close
Accounts payable 346.7 344.7 Close
Commercial paper 285.0 440.0 Close
Current maturities of long-term debt 462.7 462.4 Close
Current portion of non-recourse debt 10.9 8.8 Close
Other current liabilities 1,008.1 944.2 Close
Total Current Liabilities 5,384.3 5,582.5
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,126.1 3,127.9 Close
NON-RECOURSE DEBT, NET OF CURRENT PORTION 334.3 249.6 Close
NONCURRENT OPERATING LEASE LIABILITIES 383.5 363.2 Close
DEFERRED INCOME TAXES 86.3 85.0 Close
OTHER LIABILITIES 367.0 360.4 Close
COMMITMENTS AND CONTINGENCIES (Note 14) Close
SHAREHOLDERS’ EQUITY:    
Total Liabilities 9681.5 9768.6 0 0 0 Close
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at March 31, 2024, and December 31, 2023, including shares held in treasury 0.6 0.6 Close
Additional paid-in capital 2.0 22.4
Retained earnings 4,829.7 4,643.0
Treasury stock, at cost; 21,938,716 and 21,917,635 shares held, respectively (2,472.5) (2,454.6)
Total Shareholders’ Equity 2,359.8 2,211.4 CloseClose
Total Liabilities and Shareholders’ Equity 12,041.3 11,980.0
Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 1,774.0 1,760.0
Non-Trade    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,496.9 $ 1,622.4