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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The income tax provision was as follows:

						Year Ended December 31,
($ in millions)						2023						2022						2021
Current:
Federal						$	207.5					$	269.2					$	266.2
State						71.7						105.5						111.6
Foreign						7.4						(0.9)						1.2
						286.6						373.8						379.0
Deferred:
Federal						43.7						73.4						38.2
State						8.1						13.5						3.8
Foreign						12.2						7.7						1.1
						64.0						94.6						43.1
Total						$	350.6					$	468.4					$	422.1

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation between amounts computed using the federal income tax rate of 21% and our income tax provision is shown in the following tabulation:

						Year Ended December 31,
($ in millions)						2023						2022						2021
Federal tax provision at statutory rate						$	286.0					$	363.3					$	311.7
State taxes, net of federal income tax benefit						39.5						76.9						85.4
Non-deductible items						10.8						5.0						4.8
Permanent differences related to share-based compensation						—						(2.4)						(2.6)
Net change in valuation allowance						19.9						25.0						25.3
General business credits						(5.3)						(2.6)						(2.3)
Foreign rate differential						3.1						1.4						0.5
Other						(3.4)						1.8						(0.7)
Income tax provision						$	350.6					$	468.4					$	422.1

Schedule of Deferred Tax Assets and Liabilities

Individually significant components of the deferred tax assets and (liabilities) are presented below:

						December 31,
($ in millions)						2023						2022
Deferred tax assets:
Deferred revenue and cancellation reserves						$	105.2					$	126.6
Allowances and accruals						80.1						71.3
Lease liability						125.7						103.2
Credits and other						14.7						5.1
Net operating losses						41.6						27.9
Capital loss						33.7						—
Valuation allowance						(71.3)						(51.4)
Total deferred tax assets						329.7						282.7
Deferred tax liabilities:
Inventories						(50.3)						(39.2)
Goodwill						(213.7)						(157.7)
Property and equipment, principally due to differences in depreciation						(244.1)						(233.0)
Right of use asset						(121.3)						(99.0)
Prepaid expenses and other						(49.6)						(40.1)
Total deferred tax liabilities						(679.0)						(569.0)
Total						$	(349.3)					$	(286.3)

Schedule of Unrecognized Tax Benefits

The following is a reconciliation of our unrecognized tax benefits for December 31, 2023, 2022, and 2021:

($ in millions)
Balance, December 31, 2021			$	0.3
Increase related to tax positions taken - current year			0.3
Balance, December 31, 2022			0.6
Increase related to tax positions taken - current year			0.3
Balance, December 31, 2023			$	0.9

Schedule of Open Tax Years

Open tax years at December 31, 2023 included the following:

Federal			2020 - 2023
States (30)			2019 - 2023
Canada			2021 - 2023
United Kingdom			2020 - 2023

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