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Unaudited Condensed Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
TOTAL REVENUE $ 5,567.5 $ 5,353.7 $ 16,128.5 $ 15,522.2
TOTAL COST OF SALES (excluding depreciation shown below) 4,731.1 4,523.4 13,624.4 13,072.9
TOTAL GROSS PROFIT 836.4 830.3 2,504.1 2,449.3
Selling, general, and administrative expenses 591.3 568.7 1,765.2 1,695.0
Depreciation and amortization 36.3 32.9 107.0 93.7
Other income, net (10.2) (7.0) (21.0) (12.1)
OPERATING INCOME 219.0 235.7 652.9 672.7
Non-operating income (expense) items:        
Floorplan interest expense (18.2) (14.7) (56.4) (42.1)
Other interest expense (28.9) (21.4) (85.9) (64.4)
Interest income 0.3 0.0 0.8 0.1
Other income (loss), net 2.6 (4.3) 3.4 (2.7)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 174.8 195.3 514.8 563.6
Income tax provision 67.0 76.3 198.7 217.7
NET INCOME FROM CONTINUING OPERATIONS 107.8 119.0 316.1 345.9
Loss from discontinued operations, net of income taxes (0.5) (0.5) (0.9) (0.8)
NET INCOME $ 107.3 $ 118.5 $ 315.2 $ 345.1
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ 1.06 $ 1.06 $ 3.05 $ 3.05
Discontinued operations (in dollars per share) 0.00 0.00 (0.01) (0.01)
Net income (in dollars per share) $ 1.05 $ 1.05 $ 3.04 $ 3.05
Weighted average common shares outstanding (in shares) 101.9 112.4 103.8 113.3
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ 1.05 $ 1.05 $ 3.02 $ 3.02
Discontinued operations (in dollars per share) 0.00 0.00 (0.01) (0.01)
Net income (in dollars per share) $ 1.05 $ 1.04 $ 3.02 $ 3.01
Weighted average common shares outstanding (in shares) 102.6 113.6 104.5 114.6
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 101.2 111.0 101.2 111.0
New Vehicle [Member]        
TOTAL REVENUE $ 3,195.9 $ 3,113.6 $ 9,068.0 $ 8,851.0
TOTAL COST OF SALES (excluding depreciation shown below) 3,037.7 2,942.8 8,597.8 8,352.6
TOTAL GROSS PROFIT 158.2 170.8 470.2 498.4
Used Vehicle [Member]        
TOTAL REVENUE 1,276.8 1,205.4 3,777.8 3,614.9
TOTAL COST OF SALES (excluding depreciation shown below) 1,199.6 1,122.2 3,525.6 3,336.9
TOTAL GROSS PROFIT 77.2 83.2 252.2 278.0
Parts and Service [Member]        
TOTAL REVENUE 843.8 783.3 2,498.9 2,304.5
TOTAL COST OF SALES (excluding depreciation shown below) 480.0 441.1 1,418.8 1,305.1
TOTAL GROSS PROFIT 363.8 342.2 1,080.1 999.4
Finance and Insurance, Net [Member]        
TOTAL REVENUE 229.6 227.1 678.1 652.4
TOTAL GROSS PROFIT 229.6 227.1 678.1 652.4
Other Goods and Services [Member]        
TOTAL REVENUE 21.4 24.3 105.7 99.4
TOTAL COST OF SALES (excluding depreciation shown below) 13.8 17.3 82.2 78.3
TOTAL GROSS PROFIT $ 7.6 $ 7.0 $ 23.5 $ 21.1