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Inventories and Floor Plan Notes Payable (Tables)

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Schedule of Inventories

The components of inventories consisted of the following:

						December 31,
($ in millions)						2022						2021
New vehicles						$	1,679.8					$	812.9
Used vehicles						1,529.3						1,418.3
Parts and accessories						200.3						154.3
Total inventories						$	3,409.4					$	2,385.5

Schedule of Debt

						December 31,
($ in millions)						2022						2021
Floor plan notes payable: non-trade						$	1,489.4					$	835.9
Floor plan notes payable						627.2						354.2
Total floor plan debt						$	2,116.6					$	1,190.1

Below is a summary of our outstanding balances on credit facilities and long-term debt:

												December 31,
($ in millions)						Maturity Dates						2022						2021
Long-term debt:
Used and service loaner vehicle inventory financing commitments						Various dates through Apr 2026						$	877.2					$	500.0
Revolving lines of credit						Various dates through Apr 2026						927.6						129.9
Warehouse facilities						Various dates through Nov 2025						930.0						90.0
Total lines of credit												2,734.8						719.9
Real estate mortgages						Various dates through Jan 2043						580.1						592.9
Finance lease obligations						Various dates through Aug 2037						56.4						53.6
4.625% Senior notes due 2027						Dec 2027						400.0						400.0
4.375% Senior notes due 2031						Jan 2031						550.0						550.0
3.875% Senior notes due 2029						Jun 2029						800.0						800.0
Other debt						Various dates through Jan 2024						16.6						1.9
Total long-term debt outstanding												5,137.9						3,118.3
Less: unamortized debt issuance costs												(29.1)						(26.5)
Less: current maturities (net of current debt issuance costs)												(20.5)						(223.7)
Long-term debt, less current maturities												$	5,088.3					$	2,868.1
Non-recourse notes payable						Various dates through Apr 2030						$	422.2					$	317.6

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Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
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