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SEGMENTS
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
We operate in two reportable segments: Vehicle Operations and Financing Operations. Our Vehicle Operations consists of all aspects of our auto merchandising and service operations, excluding financing provided by our Financing Operations. Our Financing Operations segment provides financing to customers buying and leasing retail vehicles from our Vehicle Operations.

All other remaining unallocated corporate overhead expenses and internal charges are reported under “Corporate and Other”. Asset information by segment is not utilized for purposes of assessing performance or allocating resources and, as a result, such information has not been presented.
Certain financial information on a segment basis is as follows:
 Three Months Ended
March 31,
(in millions)20232022
Vehicle operations revenue$6,973.8 $6,705.3 
Vehicle operations gross profit1,211.5 1,278.1 
Floor plan interest expense(27.7)(4.9)
Vehicle operations selling, general and administrative(822.6)(790.9)
Vehicle operations income361.2 482.4 
Financing operations interest margin:
Interest, fee, and lease income53.9 22.4 
Interest expense(37.5)(3.8)
Total interest margin16.4 18.6 
Selling, general and administrative(8.6)(7.2)
Total pre-provision income7.8 11.4 
Provision expense(26.3)(3.7)
Depreciation and amortization(2.3)(2.7)
Financing operations (loss) income(20.8)5.0 
Total segment income for reportable segments340.4 487.4 
Corporate and other58.2 51.0 
Depreciation and amortization(47.3)(36.5)
Other interest expense(39.0)(26.2)
Other income (expense), net2.0 (5.8)
Income before income taxes$314.3 $469.8