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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 64.8 $ 74.1
Receivables, net 1,032.9 908.2
Inventory 3,520.1 3,612.0
Other current assets 97.0 115.4
Total Current Assets 4,714.8 4,709.7
PROPERTY AND EQUIPMENT, NET 2,843.2 2,667.4
GOODWILL, NET [1] 1,511.3 1,394.5
OTHER INTANGIBLE ASSETS, NET 598.2 439.9
OTHER ASSETS 392.5 336.7
Total Assets 10,060.0 9,548.2
CURRENT LIABILITIES:    
Vehicle floorplan payable 3,849.2 3,727.1
Accounts payable 303.7 299.9
Commercial paper 942.0 599.5
Current maturities of long-term debt 167.5 11.7
Other current liabilities 566.8 529.2
Total Current Liabilities 5,829.2 5,167.4
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,611.1 1,745.3
DEFERRED INCOME TAXES 91.5 78.6
OTHER LIABILITIES 217.9 207.6
COMMITMENTS AND CONTINGENCIES (Note 8)
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 December 31, 2016, and December 31, 2015, including shares held in treasury 1.2 1.2
Additional paid-in capital 18.2 5.2
Retained earnings 3,133.3 2,702.8
Treasury stock, at cost; 19,909,940 and 9,758,091 shares held, respectively (842.4) (359.9)
Total Shareholders' Equity 2,310.3 2,349.3
Total Liabilities and Shareholders' Equity 10,060.0 9,548.2
Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable 2,308.8 2,565.8
Non-Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable $ 1,540.4 $ 1,161.3
[1] Net of accumulated impairment losses of $1.47 billion associated with our single reporting unit (prior to September 30, 2008, our reporting unit structure was comprised of a single reporting unit) and $140.0 million associated with our Domestic reporting unit, both of which were recorded during the year ended December 31, 2008.