XML 193 R65.htm IDEA: XBRL DOCUMENT v3.23.3
SEGMENTS - Schedule of Certain Financial Information on a Segment Basis (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Segment Reporting Information [Line Items]        
Total revenues $ 8,277.0 $ 7,295.7 $ 23,368.0 $ 21,241.3
Gross profit 1,371.3 1,314.2 3,968.2 3,943.3
Floor plan interest expense (40.2) (10.7) (102.6) (19.4)
Selling, general and administrative (850.8) (754.2) (2,458.1) (2,291.3)
Operating income 465.3 514.9 1,319.9 1,540.7
Depreciation and amortization (50.8) (40.5) (146.4) (115.0)
Income before income taxes 361.3 455.7 1,082.6 1,393.9
Depreciation and amortization     (154.9) (122.1)
Other interest expense (58.5) (36.3) (141.5) (90.8)
Other income (expense), net (5.3) (12.2) 6.8 (36.6)
Operating segments        
Segment Reporting Information [Line Items]        
Floor plan interest expense (40.2) (10.7) (102.6) (19.4)
Income before income taxes 411.2 457.3 1,234.2 1,455.1
Operating segments | Vehicle Operations        
Segment Reporting Information [Line Items]        
Total revenues 8,277.0 7,295.7 23,368.0 21,241.3
Gross profit 1,371.3 1,314.2 3,968.2 3,943.3
Selling, general and administrative (915.5) (841.6) (2,587.6) (2,472.4)
Operating income 415.6 461.9 1,278.1 1,451.5
Operating segments | Financing Operations        
Segment Reporting Information [Line Items]        
Selling, general and administrative (9.2) (8.1) (27.3) (22.6)
Interest, fee, and lease income 72.4 32.8 190.3 82.2
Interest expense (42.5) (13.3) (125.5) (23.3)
Total interest margin 29.9 19.5 64.8 58.9
Total pre-provision income 20.6 11.4 37.5 36.3
Provision expense (23.1) (14.5) (75.0) (25.5)
Depreciation and amortization (2.0) (1.5) (6.3) (7.1)
Financing operations (loss) income (4.4) (4.6) (43.8) 3.7
Corporate and other        
Segment Reporting Information [Line Items]        
Income before income taxes 64.7 87.4 129.5 181.1
Segment reconciling items        
Segment Reporting Information [Line Items]        
Depreciation and amortization (50.8) (40.5) (146.4) (115.0)
Other interest expense (58.5) (36.3) (141.5) (90.8)
Other income (expense), net $ (5.3) $ (12.2) $ 6.8 $ (36.6)