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Segments (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Certain Information on a Segment Basis

Certain financial information on a segment basis is as follows:

						Three Months Ended June 30,												Six Months Ended June 30,
(in millions)						2021						2020						2021						2020
Revenues:
Domestic
New vehicle retail						$	924.6					$	499.1					$	1,539.2					$	969.6
Used vehicle retail						641.7						389.9						1,103.9						717.6
Used vehicle wholesale						63.8						19.8						100.0						45.8
Finance and insurance						78.6						50.9						137.2						96.1
Service, body and parts						159.1						102.2						279.8						219.5
Fleet and other						21.6						9.9						39.2						23.6
						1,889.4						1,071.8						3,199.3						2,072.2
Import
New vehicle retail						1,385.7						572.7						2,353.8						1,173.0
Used vehicle retail						717.8						345.9						1,280.0						700.6
Used vehicle wholesale						90.0						20.3						148.3						46.5
Finance and insurance						140.5						55.9						246.0						113.9
Service, body and parts						204.8						105.3						361.5						230.1
Fleet and other						18.6						5.9						32.6						17.8
						2,557.4						1,106.0						4,422.2						2,281.9
Luxury
New vehicle retail						839.2						297.2						1,453.3						598.2
Used vehicle retail						448.4						189.5						779.6						380.6
Used vehicle wholesale						59.3						11.3						99.0						25.5
Finance and insurance						52.6						17.7						89.5						34.6
Service, body and parts						150.1						65.4						271.8						148.8
Fleet and other						9.6						0.6						37.4						12.0
						1,559.2						581.7						2,730.6						1,199.7
						6,006.0						2,759.5						10,352.1						5,553.8
Corporate and other						3.4						(0.9)						0.3						8.5
						$	6,009.4					$	2,758.6					$	10,352.4					$	5,562.3
Segment income1:
Domestic						$	138.1					$	59.4					$	212.0					$	87.2
Import						216.3						48.8						317.8						73.6
Luxury						97.2						12.3						141.3						13.9
Total segment income for reportable segments						$	451.6					$	120.5					$	671.1					$	174.7

1Segment income for each of the segments is a Non-GAAP measure defined as Income from operations before income taxes, depreciation and amortization, other interest expense and other income, net.

Reconciliation of total segment income for reportable segments to our consolidated income before income taxes:

						Three Months Ended June 30,												Six Months Ended June 30,
(in millions)						2021						2020						2021						2020
Total segment income for reportable segments						$	451.6					$	120.5					$	671.1					$	174.7
Corporate and other						18.6						23.4						57.4						70.1
Depreciation and amortization						(30.3)						(22.3)						(57.1)						(44.3)
Other interest expense						(28.1)						(16.8)						(51.6)						(33.8)
Other income, net						7.6						3.5						11.1						5.8
Income before income taxes						$	419.4					$	108.3					$	630.9					$	172.5

Reconciliation of Assets from Segment to Consolidated

Total assets by reportable segments is as follows:

(in millions)						June 30, 2021						December 31, 2020
Total assets:
Domestic						$	1,298.3					$	1,262.4
Import						1,579.1						1,654.7
Luxury						1,057.9						1,132.4
Corporate and other						6,157.2						3,852.6
						$	10,092.5					$	7,902.1

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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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
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