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Segment Information | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Segment Information | Segment Information Our operations are organized by management into operating segments by line of business and geography. We have determined that we have four reportable segments as defined in generally accepted accounting principles for segment reporting: (i) Retail Automotive, consisting of our retail automotive dealership operations; (ii) Retail Commercial Truck, consisting of our retail commercial truck dealership operations in the U.S. and Canada; (iii) Other, consisting of our commercial vehicle and power systems distribution operations; and (iv) Non-Automotive Investments, consisting of our equity method investments in non-automotive operations which includes our investment in PTS and other various investments. The Retail Automotive reportable segment includes all automotive dealerships and all departments relevant to the operation of the dealerships and our retail automotive joint ventures. The individual dealership operations included in the Retail Automotive reportable segment represent six operating segments: Eastern, Central, and Western United States, Used Vehicle Dealerships United States, International, and Used Vehicle Dealerships International. These operating segments have been aggregated into one reportable segment as their operations (A) have similar economic characteristics (all are automotive dealerships having similar margins), (B) offer similar products and services (all sell new and/or used vehicles, service, parts, and third-party finance and insurance products), (C) have similar target markets and customers (generally individuals), and (D) have similar distribution and marketing practices (all distribute products and services through dealership facilities that market to customers in similar fashions). The accounting policies of the segments are the same and are described in Note 1. The following table summarizes revenues, floor plan interest expense, other interest expense, depreciation, equity in earnings of affiliates, and income from continuing operations before certain non-recurring items and income taxes, which is the measure by which management allocates resources to its segments and which we refer to as adjusted segment income, for each of our reportable segments.
| Retail Automotive |  | Retail Commercial Truck |  | Other |  | Non-Automotive Investments |  | Intersegment Elimination |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |
2021 | $ | 22,513.3 |  |  | $ | 2,465.7 |  |  | $ | 575.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 25,554.7 |
2020 | 17,928.8 |  |  | 2,060.9 |  |  | 454.2 |  |  | — |  |  | — |  |  | 20,443.9 |
2019 | 20,615.8 |  |  | 2,050.5 |  |  | 513.1 |  |  | — |  |  | — |  |  | 23,179.4 |
Floor plan interest expense |  |  |  |  |  |  |  |  |  |  |
2021 | $ | 23.9 |  |  | $ | 1.9 |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 26.2 |
2020 | 39.6 |  |  | 5.6 |  |  | 1.1 |  |  | — |  |  | — |  |  | 46.3 |
2019 | 74.9 |  |  | 8.0 |  |  | 1.6 |  |  | — |  |  | — |  |  | 84.5 |
Other interest expense |  |  |  |  |  |  |  |  |  |  |
2021 | $ | 63.8 |  |  | $ | 3.3 |  |  | $ | 1.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 68.6 |
2020 | 105.9 |  |  | 3.7 |  |  | 1.4 |  |  | — |  |  | — |  |  | 111.0 |
2019 | 118.4 |  |  | 3.2 |  |  | 2.6 |  |  | — |  |  | — |  |  | 124.2 |
Depreciation |  |  |  |  |  |  |  |  |  |  |
2021 | $ | 108.7 |  |  | $ | 7.9 |  |  | $ | 4.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 121.5 |
2020 | 103.8 |  |  | 6.4 |  |  | 5.3 |  |  | — |  |  | — |  |  | 115.5 |
2019 | 99.1 |  |  | 5.5 |  |  | 5.0 |  |  | — |  |  | — |  |  | 109.6 |
Equity in earnings of affiliates |  |  |  |  |  |  |  |  |  |  |
2021 | $ | 8.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 366.3 |  |  | $ | — |  |  | $ | 374.5 |
2020 | 4.4 |  |  | — |  |  | — |  |  | 164.6 |  |  | — |  |  | 169.0 |
2019 | 5.2 |  |  | — |  |  | — |  |  | 142.3 |  |  | — |  |  | 147.5 |
Adjusted segment income |  |  |  |  |  |  |  |  |  |  |
2021 | $ | 1,046.6 |  |  | $ | 160.3 |  |  | $ | 34.5 |  |  | $ | 366.3 |  |  | $ | — |  |  | $ | 1,607.7 |
2020 | 443.4 |  |  | 78.2 |  |  | 21.4 |  |  | 164.6 |  |  | — |  |  | 707.6 |
2019 | 339.9 |  |  | 86.5 |  |  | 22.8 |  |  | 142.3 |  |  | — |  |  | 591.5 |
Total assets, equity method investments, and capital expenditures by reportable segment are as set forth in the table below:
| Retail Automotive |  | Retail Commercial Truck |  | Other |  | Non-Automotive Investments |  | Intersegment Elimination |  | Total
Total assets |  |  |  |  |  |  |  |  |  |  |
2021 | $ | 9,940.4 |  |  | $ | 1,269.4 |  |  | $ | 607.4 |  |  | $ | 1,647.4 |  |  | $ | — |  |  | $ | 13,464.6 |
2020 | 10,352.8 |  |  | 839.1 |  |  | 632.2 |  |  | 1,423.1 |  |  | — |  |  | 13,247.2 |
Equity method investments |  |  |  |  |  |  |  |  |  |  |
2021 | $ | 40.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,647.4 |  |  | $ | — |  |  | $ | 1,688.1 |
2020 | 77.2 |  |  | — |  |  | — |  |  | 1,423.1 |  |  | — |  |  | 1,500.3 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |
2021 | $ | 239.4 |  |  | $ | 6.3 |  |  | $ | 3.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 248.9 |
2020 | 175.6 |  |  | 7.2 |  |  | 3.1 |  |  | — |  |  | — |  |  | 185.9 |
2019 | 231.9 |  |  | 9.9 |  |  | 3.5 |  |  | — |  |  | — |  |  | 245.3 |
The following table presents revenue and long-lived assets (all non-current assets except goodwill, other indefinite-lived intangible assets, and operating lease right-of-use assets) by geographic area:
| Year Ended December 31,
| 2021 |  | 2020 |  | 2019
Revenue from external customers: |  |  |  |  |
U.S. | $ | 15,275.9 |  |  | $ | 12,105.1 |  |  | $ | 13,511.8 |
Non-U.S. | 10,278.8 |  |  | 8,338.8 |  |  | 9,667.6 |
Total revenue from external customers | $ | 25,554.7 |  |  | $ | 20,443.9 |  |  | $ | 23,179.4 |
Long-lived assets, net: |  |  |  |  |
U.S. | $ | 2,967.7 |  |  | $ | 2,605.1 |  |  |
Non-U.S. | 1,204.5 |  |  | 1,325.0 |  |  |
Total long-lived assets | $ | 4,172.2 |  |  | $ | 3,930.1 |  |  |
The Company’s non-U.S. operations are predominantly based in the U.K.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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