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Segments (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Certain Information on a Segment Basis

Certain financial information on a segment basis is as follows:

												Three Months Ended March 31,
(in millions)																		2022						2021
Revenues:
Domestic
New vehicle retail																		$	935.6					$	614.6
Used vehicle retail																		746.4						462.2
Used vehicle wholesale																		128.1						36.2
Finance and insurance																		89.4						58.6
Service, body and parts																		187.6						120.8
Fleet and other																		54.0						17.6
																		2,141.1						1,310.0
Import
New vehicle retail																		1,288.4						968.1
Used vehicle retail																		895.9						562.1
Used vehicle wholesale																		131.8						58.3
Finance and insurance																		170.4						105.5
Service, body and parts																		243.1						156.7
Fleet and other																		10.0						14.1
																		2,739.6						1,864.8
Luxury
New vehicle retail																		836.5						614.1
Used vehicle retail																		596.6						331.2
Used vehicle wholesale																		107.1						39.8
Finance and insurance																		62.4						36.9
Service, body and parts																		183.1						121.7
Fleet and other																		17.3						27.8
																		1,803.0						1,171.5
																		6,683.7						4,346.3
Corporate and other																		21.6						(3.3)
																		$	6,705.3					$	4,343.0
Segment income1:
Domestic																		$	130.5					$	73.9
Import																		245.8						101.5
Luxury																		130.3						44.1
Total segment income for reportable segments																		$	506.6					$	219.5

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 March 31,
(in millions)																		2022						2021
Total segment income for reportable segments																		$	506.6					$	219.5
Corporate and other																		40.5						38.8
Depreciation and amortization																		(39.2)						(26.8)
Other interest expense																		(30.1)						(23.5)
Other income (expense), net																		(8.0)						3.4
Income before income taxes																		$	469.8					$	211.4

Reconciliation of Assets from Segment to Consolidated

Total assets by reportable segments is as follows:

(in millions)						March 31, 2022						December 31, 2021
Total assets:
Domestic						$	1,831.9					$	1,574.7
Import						2,106.3						1,858.1
Luxury						1,494.4						1,407.1
Corporate and other						6,648.2						6,307.0
						$	12,080.8					$	11,146.9

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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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-Publisher FASB
-Name Accounting Standards Codification
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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
-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

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