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SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Certain Information on a Segment Basis | Certain financial information on a segment basis is as follows:
|  |  | Three Months Ended March 31,
(in millions) |  |  |  |  | 2024 |  | 2023
Vehicle operations revenue |  |  |  |  | $ | 8,561.8 |  |  | $ | 6,973.8 |
Vehicle operations gross profit |  |  |  |  | 1,335.2 |  |  | 1,211.5 |
Floor plan interest expense |  |  |  |  | (60.7) |  |  | (27.7) |
Vehicle operations selling, general and administrative |  |  |  |  | (990.1) |  |  | (822.6) |
Vehicle operations income |  |  |  |  | 284.4 |  |  | 361.2 |
Financing operations interest margin: |  |  |  |  |  |  |
Interest and fee income |  |  |  |  | 77.3 |  |  | 49.3 |
Interest expense |  |  |  |  | (47.8) |  |  | (37.5) |
Total interest margin |  |  |  |  | 29.5 |  |  | 11.8 |
Lease income |  |  |  |  | 22.4 |  |  | 4.6 |
Depreciation and amortization |  |  |  |  | (18.0) |  |  | (2.3) |
Lease income, net |  |  |  |  | 4.4 |  |  | 2.3 |
Selling, general and administrative |  |  |  |  | (10.6) |  |  | (8.6) |
Provision expense |  |  |  |  | (25.0) |  |  | (26.3) |
Financing operations loss |  |  |  |  | (1.7) |  |  | (20.8) |
Total segment income for reportable segments |  |  |  |  | 282.7 |  |  | 340.4 |
Corporate and other |  |  |  |  | 55.8 |  |  | 58.2 |
Depreciation and amortization |  |  |  |  | (57.8) |  |  | (47.3) |
Other interest expense |  |  |  |  | (63.6) |  |  | (39.0) |
Other income, net |  |  |  |  | 3.5 |  |  | 2.0 |
Income before income taxes |  |  |  |  | $ | 220.6 |  |  | $ | 314.3 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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