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Inventories and Floor Plan Notes Payable (Tables)

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Schedule of Inventories

The components of inventories consisted of the following:

						December 31,
($ in millions)						2023						2022
New vehicles						$	2,886.3					$	1,679.8
Used vehicles						1,637.5						1,529.3
Parts and accessories						230.1						200.3
Total inventories						$	4,753.9					$	3,409.4

Schedule of Debt

						December 31,
($ in millions)						2023						2022
Floor plan notes payable: non-trade						$	2,288.5					$	1,489.4
Floor plan notes payable						1,347.0						627.2
Total floor plan debt						$	3,635.5					$	2,116.6

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

												December 31,
($ in millions)						Maturity Dates						2023						2022
Long-term debt:
Used and service loaner vehicle inventory financing commitments						Various dates through Apr 2026						$	902.8					$	877.2
Revolving lines of credit						Various dates through Apr 2026						1,620.7						927.6
Warehouse facilities						Various dates through Jul 2026						587.0						930.0
Non-recourse notes payable						Various dates through Apr 2031						1,705.6						422.2
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
Real estate mortgages, finance lease obligations, and other debt						Various dates through Dec 2050						730.7						653.1
Total long-term debt												7,296.8						5,560.1
Less: unamortized debt issuance costs												(31.8)						(29.1)
Less: current maturities (net of current debt issuance costs)												(109.6)						(20.5)
Long-term debt, net												$	7,155.4					$	5,510.5

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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.

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-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
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