XML 281 R41.htm IDEA: XBRL DOCUMENT v3.24.3

SEGMENTS (Tables)

9 Months Ended

Sep. 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 September 30,												Nine Months Ended September 30,
(in millions)			2024						2023						2024						2023
Vehicle operations revenue			$	9,221.0					$	8,277.0					$	27,014.7					$	23,368.0
Vehicle operations gross profit			1,430.4						1,371.3						4,189.5						3,968.2
Floor plan interest expense			(76.6)						(40.2)						(214.0)						(102.6)
Vehicle operations SG&A			(1,024.0)						(915.5)						(3,066.6)						(2,587.6)
Vehicle operations income			329.8						415.6						908.9						1,278.1
Financing operations interest margin:
Interest and fee income			91.1						67.5						252.2						176.2
Interest expense			(51.2)						(42.5)						(146.0)						(125.5)
Total interest margin			39.9						25.0						106.2						50.7
Lease income			25.6						4.9						61.2						14.1
Lease costs			(21.6)						(2.0)						(51.0)						(6.3)
Lease income, net			4.0						2.9						10.2						7.8
Financing operations SG&A			(11.2)						(9.2)						(33.0)						(27.3)
Provision expense			(31.8)						(23.1)						(77.0)						(75.0)
Financing operations income (loss)			0.9						(4.4)						6.4						(43.8)
Total segment income for reportable segments			330.7						411.2						915.3						1,234.2
Corporate and other			80.4						64.7						213.6						129.5
Depreciation and amortization			(63.5)						(50.8)						(183.6)						(146.4)
Other interest expense			(64.5)						(58.5)						(189.3)						(141.5)
Other income (expense), net			5.1						(5.3)						35.4						6.8
Income before income taxes			$	288.2					$	361.3					$	791.4					$	1,082.6

X

- 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

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration