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Segments
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segments SEGMENTS
As of December 31, 2023, we had two reportable segments: Vehicle Operations and Financing Operations. Our Vehicle Operations consists of all aspects of our auto merchandising and service operations, including our retail automotive, recreational vehicles, and motorcycle franchises that sell new vehicles, used vehicles, parts, repair and maintenance services, and vehicle finance and insurance products. Vehicle Operations excludes 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 activity is reported under “Corporate and Other,” including corporate personnel costs, certain unallocated reserves, internal charges, and other unallocated corporate overhead expenses. Internal charges consist of corporate expense allocations which increase segment income for “Corporate and Other” while decreasing segment income for the other operating segments. These internal corporate expense allocations are used to increase comparability of our dealerships and reflect the capital burden a stand-alone dealership would experience. Examples of these internal allocations include internal rent expense, internal floor plan financing charges, and internal fees charged to offset employees within our corporate headquarters that perform certain dealership functions.

The reportable segments identified above represent our business activities for which discrete financial information is available and for which operating results are regularly reviewed by our chief operating decision maker (CODM) to allocate resources and assess performance. Our CODM is our Chief Executive Officer.

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:
Year Ended December 31,
($ in millions)202320222021
Vehicle operations revenue$31,042.3 $28,187.8 $22,831.7 
Vehicle operations gross profit5,228.9 5,154.3 4,263.9 
Floor plan interest expense(150.9)(38.8)(22.3)
Vehicle operations selling, general and administrative(3,482.6)(3,260.0)(2,568.0)
Vehicle operations income1,595.4 1,855.5 1,673.6 
Financing operations interest margin:
Interest, fee, and lease income268.5 134.1 45.9 
Interest expense(170.5)(52.2)(4.8)
Total interest margin98.0 81.9 41.1 
Selling, general and administrative(36.7)(32.0)(18.2)
Total pre-provision income61.3 49.9 22.9 
Provision for loan and lease losses(98.8)(44.4)(9.4)
Depreciation and amortization(8.4)(9.5)(2.5)
Financing operations (loss) income(45.9)(4.0)11.0 
Total segment income for reportable segments1,549.5 1,851.6 1,684.5 
Corporate and other187.8 213.9 80.4 
Depreciation and amortization(195.8)(163.2)(124.8)
Other interest expense(201.2)(129.1)(103.4)
Other income (expense), net22.0 (43.2)(52.0)
Income before income taxes$1,362.3 $1,730.0 $1,484.8