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v3.24.3

Segment Information | 9 Months Ended
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Sep. 30, 2024
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 two operating segments: United States Retail Automotive and International Retail Automotive. 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). Revenue and segment income for the three and nine months ended September 30, 2024 and 2023 follows: Three Months Ended September 30,
| Retail Automotive |  | Retail Commercial Truck |  | Other |  | Non-Automotive Investments |  |  |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |
2024 | $ | 6,340.7 |  |  | $ | 1,063.3 |  |  | $ | 186.8 |  |  | $ | — |  |  |  |  | $ | 7,590.8 |
2023 | 6,325.4 |  |  | $ | 964.7 |  |  | $ | 157.7 |  |  | $ | — |  |  |  |  | $ | 7,447.8 |
Segment income |  |  |  |  |  |  |  |  |  |  |
2024 | $ | 177.7 |  |  | $ | 56.5 |  |  | $ | 10.0 |  |  | $ | 60.2 |  |  |  |  | $ | 304.4 |
2023 | 200.8 |  |  | $ | 61.1 |  |  | $ | 10.4 |  |  | $ | 84.2 |  |  |  |  | $ | 356.5 |
Nine Months Ended September 30,
| Retail Automotive |  | Retail Commercial Truck |  | Other |  | Non-Automotive Investments |  |  |  | Total
Revenues |  |  |  |  |  |  |  |  |  |  |
2024 | $ | 19,434.1 |  |  | $ | 2,747.4 |  |  | $ | 553.8 |  |  | $ | — |  |  |  |  | $ | 22,735.3 |
2023 | 19,031.2 |  |  | $ | 2,779.5 |  |  | $ | 444.6 |  |  | $ | — |  |  |  |  | $ | 22,255.3 |
Segment income |  |  |  |  |  |  |  |  |  |  |
2024 | $ | 586.5 |  |  | $ | 158.7 |  |  | $ | 34.2 |  |  | $ | 145.3 |  |  |  |  | $ | 924.7 |
2023 | 718.6 |  |  | $ | 173.7 |  |  | $ | 32.9 |  |  | $ | 238.5 |  |  |  |  | $ | 1,163.7 |

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- Definition The entire disclosure for reporting segments including data and tables. 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