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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 52.5 $ 64.8
Receivables, net 795.1 1,032.9
Inventory 3,713.2 3,520.1
Other current assets 85.4 97.0
Total Current Assets 4,646.2 4,714.8
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1.2 billion and $1.1 billion, respectively 2,950.7 2,843.2
GOODWILL 1,527.9 1,511.3
OTHER INTANGIBLE ASSETS, NET 615.1 598.2
OTHER ASSETS 409.8 392.5
Total Assets 10,149.7 10,060.0
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 3,894.4 3,849.2
Accounts payable 287.5 303.7
Commercial paper 790.0 942.0
Current maturities of long-term debt 562.0 167.5
Other current liabilities 574.6 566.8
Total Current Liabilities 6,108.5 5,829.2
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,216.1 1,611.1
DEFERRED INCOME TAXES 99.5 91.5
OTHER LIABILITIES 227.0 217.9
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 June 30, 2017, and December 31, 2016, including shares held in treasury 1.2 1.2
Additional paid-in capital 27.8 18.2
Retained earnings 3,319.0 3,133.3
Treasury stock, at cost; 20,124,942 and 19,909,940 shares held, respectively (849.4) (842.4)
Total Shareholders’ Equity 2,498.6 2,310.3
Total Liabilities and Shareholders’ Equity 10,149.7 10,060.0
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,264.7 2,308.8
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,629.7 $ 1,540.4