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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 56.3 $ 64.8
Receivables, net 830.3 1,032.9
Inventory 3,692.6 3,520.1
Other current assets 97.6 97.0
Total Current Assets 4,676.8 4,714.8
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1.1 billion and $1.1 billion, respectively 2,897.0 2,843.2
GOODWILL 1,515.6 1,511.3
OTHER INTANGIBLE ASSETS, NET 600.6 598.2
OTHER ASSETS 402.7 392.5
Total Assets 10,092.7 10,060.0
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 3,868.5 3,849.2
Accounts payable 308.6 303.7
Commercial paper 765.0 942.0
Current maturities of long-term debt 165.4 167.5
Other current liabilities 615.0 566.8
Total Current Liabilities 5,722.5 5,829.2
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,615.8 1,611.1
DEFERRED INCOME TAXES 95.6 91.5
OTHER LIABILITIES 224.6 217.9
COMMITMENTS AND CONTINGENCIES (Note 12)
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, 2017, and December 31, 2016, including shares held in treasury 1.2 1.2
Additional paid-in capital 17.0 18.2
Retained earnings 3,231.3 3,133.3
Treasury stock, at cost; 19,269,317 and 19,909,940 shares held, respectively (815.3) (842.4)
Total Shareholders’ Equity 2,434.2 2,310.3
Total Liabilities and Shareholders’ Equity 10,092.7 10,060.0
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,286.7 2,308.8
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,581.8 $ 1,540.4