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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Income statement or balance sheet information by reportable segment | The following table summarizes revenues, gross profit, selling, general, and administrative expenses, floor plan interest expense, other interest expense, depreciation, equity in earnings of affiliates, and income from continuing operations before income taxes, which is the measure of segment performance by which management allocates resources to its segments and which we refer to as segment income, for each of our reportable segments.
| Retail Automotive |  | Retail Commercial Truck |  | Other |  | Non-Automotive Investments |  |  |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 25,209.1 |  |  | $ | 3,684.3 |  |  | $ | 634.0 |  |  | $ | — |  |  |  |  | $ | 29,527.4 |
2022 | 23,694.7 |  |  | 3,541.3 |  |  | 578.8 |  |  | — |  |  |  |  | 27,814.8 |
2021 | 22,513.3 |  |  | 2,465.7 |  |  | 575.7 |  |  | — |  |  |  |  | 25,554.7 |
Gross profit |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 4,176.2 |  |  | $ | 592.4 |  |  | $ | 165.2 |  |  | $ | — |  |  |  |  | $ | 4,933.8 |
2022 | 4,126.4 |  |  | 555.1 |  |  | 157.3 |  |  | — |  |  |  |  | 4,838.8 |
2021 | 3,870.2 |  |  | 416.9 |  |  | 153.7 |  |  | — |  |  |  |  | 4,440.8 |
Selling, general, and administrative expenses |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 2,948.8 |  |  | $ | 339.2 |  |  | $ | 112.6 |  |  | $ | — |  |  |  |  | $ | 3,400.6 |
2022 | 2,790.4 |  |  | 318.3 |  |  | 115.0 |  |  | — |  |  |  |  | 3,223.7 |
2021 | 2,607.3 |  |  | 243.3 |  |  | 112.3 |  |  | — |  |  |  |  | 2,962.9 |
Floor plan interest expense |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 116.0 |  |  | $ | 14.5 |  |  | $ | 2.6 |  |  | $ | — |  |  |  |  | $ | 133.1 |
2022 | 44.5 |  |  | 7.5 |  |  | 0.4 |  |  | — |  |  |  |  | 52.4 |
2021 | 23.9 |  |  | 1.9 |  |  | 0.4 |  |  | — |  |  |  |  | 26.2 |
Other interest expense |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 90.3 |  |  | $ | 1.3 |  |  | $ | 1.0 |  |  | $ | — |  |  |  |  | $ | 92.6 |
2022 | 65.1 |  |  | 3.9 |  |  | 1.4 |  |  | — |  |  |  |  | 70.4 |
2021 | 63.8 |  |  | 3.3 |  |  | 1.5 |  |  | — |  |  |  |  | 68.6 |
Depreciation |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 124.7 |  |  | $ | 11.6 |  |  | $ | 4.7 |  |  | $ | — |  |  |  |  | $ | 141.0 |
2022 | 112.7 |  |  | 10.0 |  |  | 4.6 |  |  | — |  |  |  |  | 127.3 |
2021 | 108.7 |  |  | 7.9 |  |  | 4.9 |  |  | — |  |  |  |  | 121.5 |
Equity in earnings of affiliates |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 3.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 289.8 |  |  |  |  | $ | 293.7 |
2022 | 3.5 |  |  | — |  |  | — |  |  | 490.7 |  |  |  |  | 494.2 |
2021 | 8.2 |  |  | — |  |  | — |  |  | 366.3 |  |  |  |  | 374.5 |
Segment income |  |  |  |  |  |  |  |  |  |  |
2023 (1) | $ | 860.5 |  |  | $ | 225.0 |  |  | $ | 44.2 |  |  | $ | 289.8 |  |  |  |  | $ | 1,419.5 |
2022 | 1,118.0 |  |  | 214.7 |  |  | 35.8 |  |  | 490.7 |  |  |  |  | 1,859.2 |
2021 | 1,046.6 |  |  | 160.3 |  |  | 34.5 |  |  | 366.3 |  |  |  |  | 1,607.7 |
__________________________
(1)Retail automotive segment income includes $40.7 million of impairment charges in 2023 related to our Used Vehicle Dealerships International reporting unit.
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 |  |  |  | Total
Total assets |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 11,408.3 |  |  | $ | 1,690.8 |  |  | $ | 842.0 |  |  | $ | 1,730.4 |  |  |  |  | $ | 15,671.5 |
2022 | 10,483.3 |  |  | 1,471.9 |  |  | 563.6 |  |  | 1,595.8 |  |  |  |  | 14,114.6 |
Equity method investments |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 44.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,730.4 |  |  |  |  | $ | 1,774.9 |
2022 | 41.1 |  |  | — |  |  | — |  |  | 1,595.8 |  |  |  |  | 1,636.9 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 306.9 |  |  | $ | 60.1 |  |  | $ | 8.3 |  |  | $ | — |  |  |  |  | $ | 375.3 |
2022 | 245.6 |  |  | 31.2 |  |  | 5.7 |  |  | — |  |  |  |  | 282.5 |
2021 | 239.4 |  |  | 6.3 |  |  | 3.2 |  |  | — |  |  |  |  | 248.9 |
Schedule of revenue and long-lived assets by geographic area | 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,
| 2023 |  | 2022 |  | 2021
Revenue from external customers: |  |  |  |  |
U.S. | $ | 17,186.5 |  |  | $ | 16,801.7 |  |  | $ | 15,275.9 |
Non-U.S. | 12,340.9 |  |  | 11,013.1 |  |  | 10,278.8 |
Total revenue from external customers | $ | 29,527.4 |  |  | $ | 27,814.8 |  |  | $ | 25,554.7 |
Long-lived assets, net: |  |  |  |  |
U.S. | $ | 3,255.4 |  |  | $ | 3,001.8 |  |  |
Non-U.S. | 1,347.8 |  |  | 1,186.9 |  |  |
Total long-lived assets | $ | 4,603.2 |  |  | $ | 4,188.7 |  |  |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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