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SEGMENTS (Tables)

6 Months Ended

Jun. 30, 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 June 30,												Six Months Ended June 30,
(in millions)			2024						2023						2024						2023
Vehicle operations revenue			$	9,231.8					$	8,111.5					$	17,793.6					$	15,091.0
Vehicle operations gross profit			1,423.9						1,385.1						2,759.1						2,596.3
Floor plan interest expense			(76.6)						(34.7)						(137.3)						(62.3)
Vehicle operations selling, general and administrative			(1,052.7)						(848.4)						(2,042.8)						(1,671.5)
Vehicle operations income			294.6						502.0						579.0						862.5
Financing operations interest margin:
Interest and fee income			83.8						59.4						161.1						108.7
Interest expense			(47.0)						(45.6)						(94.8)						(83.1)
Total interest margin			36.8						13.8						66.3						25.6
Lease income			29.0						4.6						51.4						9.2
Depreciation and amortization			(27.3)						(2.0)						(45.3)						(4.4)
Lease income, net			1.7						2.6						6.1						4.8
Selling, general and administrative			(11.1)						(9.3)						(21.8)						(17.9)
Provision expense			(20.2)						(25.8)						(45.2)						(52.0)
Financing operations income (loss)			7.2						(18.7)						5.4						(39.5)
Total segment income for reportable segments			301.8						483.3						584.4						823.0
Corporate and other			77.5						6.2						133.3						64.9
Depreciation and amortization			(62.3)						(48.4)						(120.0)						(95.6)
Other interest expense			(61.2)						(43.9)						(124.8)						(83.0)
Other income, net			27.0						9.8						30.4						12.0
Income before income taxes			$	282.8					$	407.0					$	503.3					$	721.3

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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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

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X

- References

No definition available.

+ Details

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