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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities:    
Net income $ 879.8 $ 343.9
Adjustments to reconcile net income to net cash from continuing operating activities:    
Depreciation 89.7 85.4
Earnings of equity method investments (203.4) (88.9)
Income from discontinued operations, net of tax (0.4) (0.3)
Deferred income taxes 126.3 177.6
Debt redemption costs 17.0 1.7
Changes in operating assets and liabilities:    
Accounts receivable 69.4 112.2
Inventories 863.6 1,043.5
Floor plan notes payable (818.3) (925.9)
Accounts payable and accrued expenses 290.5 172.1
Other 16.2 (71.8)
Net cash provided by continuing operating activities 1,330.4 849.5
Investing Activities:    
Purchase of equipment and improvements (157.5) (114.3)
Proceeds from sale of dealerships 4.3 10.3
Proceeds from sale of equipment and improvements 54.9 19.8
Acquisitions net, including repayment of sellers' floor plan notes payable of $24.3 and $0, respectively (278.0)  
Other 0.2 (4.4)
Net cash used in continuing investing activities (376.1) (88.6)
Financing Activities:    
Proceeds from borrowings under U.S. credit agreement revolving credit line 1,487.0 956.0
Repayments under U.S. credit agreement revolving credit line (1,595.0) (1,001.0)
Net repayments of other long-term debt (152.5) (253.7)
Net repayments of floor plan notes payable - non-trade (288.9) (547.6)
Payments for contingent consideration   (31.6)
Repurchases of common stock (206.9) (29.4)
Dividends (106.3) (34.2)
Payment of debt issuance costs (6.1) (7.8)
Other (12.8) (5.0)
Net cash used in continuing financing activities (881.5) (704.3)
Discontinued operations:    
Net cash provided by discontinued operating activities 0.4 0.2
Net cash provided by discontinued investing activities
Net cash provided by discontinued financing activities
Net cash provided by discontinued operations 0.4 0.2
Effect of exchange rate changes on cash and cash equivalents (3.5) 7.8
Net change in cash and cash equivalents 69.7 64.6
Cash and cash equivalents, beginning of period 49.5 28.1
Cash and cash equivalents, end of period 119.2 92.7
Cash paid for:    
Interest 79.8 106.7
Income taxes 44.5 32.1
3.50% senior subordinated notes due 2025    
Financing Activities:    
Issuance of senior subordinated notes   550.0
3.75% senior subordinated notes due 2029    
Financing Activities:    
Issuance of senior subordinated notes 500.0  
3.75% senior subordinated notes redeemed August 15, 2020    
Financing Activities:    
Repayment of senior subordinated notes   $ (300.0)
5.50% senior subordinated notes due 2026    
Financing Activities:    
Repayment of senior subordinated notes $ (500.0)