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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 47.8 $ 74.1
Receivables, net 767.6 908.2
Inventory 3,927.8 3,612.0
Other current assets 129.5 115.4
Total Current Assets 4,872.7 4,709.7
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1.0 billion and $1.0 billion, respectively 2,768.1 2,667.4
GOODWILL 1,437.4 1,394.5
OTHER INTANGIBLE ASSETS, NET 554.7 439.9
OTHER ASSETS 364.7 336.7
Total Assets 9,997.6 9,548.2
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 4,039.4 3,727.1
Accounts payable 310.5 299.9
Commercial paper 926.0 599.5
Current maturities of long-term debt 11.9 11.7
Other current liabilities 572.7 529.2
Total Current Liabilities 5,860.5 5,167.4
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,742.6 1,745.3
DEFERRED INCOME TAXES 91.5 78.6
OTHER LIABILITIES $ 212.4 $ 207.6
COMMITMENTS AND CONTINGENCIES (Note 11)
SHAREHOLDERS’ EQUITY:    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized; none issued $ 0.0 $ 0.0
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 120,562,149 shares issued at March 31, 2016, and December 31, 2015, including shares held in treasury 1.2 1.2
Additional paid-in capital 15.2 5.2
Retained earnings 2,798.7 2,702.8
Treasury stock, at cost; 17,461,420 and 9,758,091 shares held, respectively (724.5) (359.9)
Total Shareholders’ Equity 2,090.6 2,349.3
Total Liabilities and Shareholders’ Equity 9,997.6 9,548.2
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,572.1 2,565.8
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,467.3 $ 1,161.3