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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities:    
Net income $ 216.2 $ 299.6
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation 37.8 33.9
Earnings of equity method investments (33.3) (82.1)
Deferred income taxes 14.6 13.7
Changes in operating assets and liabilities:    
Accounts receivable 75.9 (10.2)
Inventories (77.2) (95.2)
Floor plan notes payable 134.8 8.1
Accounts payable and accrued expenses 130.5 131.6
Other (43.3) 11.8
Net cash provided by operating activities 456.0 311.2 Close
Investing Activities:    
Purchases of property, equipment, and improvements (102.5) (102.4)
Acquisitions net, including repayment of sellers' floor plan notes payable of $83.1 and $0.0, respectively (243.6) 0.0
Other (6.3) (3.1)
Net cash used in investing activities (352.4) (105.5) Close
Financing Activities:    
Proceeds from borrowings under revolving U.S. credit agreement and mortgage facilities 668.7 611.7
Repayments under revolving U.S. credit agreement and mortgage facilities (700.2) (512.0)
Net borrowings (repayments) of other debt 80.2 (23.9)
Net repayments of floor plan notes payable — non-trade (30.7) (133.1)
Repurchases of common stock (32.9) (110.2)
Dividends (58.6) (42.3)
Payment of debt issuance costs (0.5) (2.0)
Other (8.1) 0.0
Net cash used in financing activities (82.1) (211.8) Close
Effect of exchange rate changes on cash and cash equivalents (1.0) 0.2 Close
Net change in cash and cash equivalents 20.5 (5.9) Close
Cash and cash equivalents, beginning of period 96.4 106.5
Cash and cash equivalents, end of period 116.9 100.6
Cash paid for:    
Interest 68.6 47.7
Income taxes $ 22.5 $ 23.9