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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:      
TOTAL REVENUE $ 21,534.6 $ 21,609.0 $ 20,862.0
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 18,175.6 18,295.8 17,600.5
Gross Profit:      
TOTAL GROSS PROFIT 3,359.0 3,313.2 3,261.5
Selling, general, and administrative expenses 2,436.2 2,349.4 2,263.5
Depreciation and amortization 158.6 143.4 127.4
Franchise rights impairment 0.0 0.0 15.4
Other income, net (79.2) (69.1) (17.9)
OPERATING INCOME 843.4 889.5 873.1
Non-operating income (expense) items:      
Floorplan interest expense (97.0) (76.5) (58.3)
Other interest expense (120.2) (115.5) (90.9)
Interest income 1.0 1.1 0.1
Other income (loss), net 9.3 3.7 (1.3)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 636.5 702.3 722.7
Income tax provision 201.5 270.6 279.0
NET INCOME FROM CONTINUING OPERATIONS 435.0 431.7 443.7
Loss from discontinued operations, net of income taxes (0.4) (1.2) (1.1)
NET INCOME $ 434.6 $ 430.5 $ 442.6
BASIC EARNINGS (LOSS) PER SHARE:      
Continuing operations (in dollars per share) $ 4.45 $ 4.19 $ 3.94
Discontinued operations (in dollars per share) 0.00 (0.01) (0.01)
Net income (in dollars per share) $ 4.44 $ 4.18 $ 3.93
Weighted average common shares outstanding (in shares) 97.8 103.1 112.7
DILUTED EARNINGS (LOSS) PER SHARE:      
Continuing operations (in dollars per share) $ 4.43 $ 4.16 $ 3.90
Discontinued operations (in dollars per share) 0.00 (0.01) (0.01)
Net income (in dollars per share) $ 4.43 $ 4.15 $ 3.89
Weighted average common shares outstanding (in shares) 98.2 103.8 113.9
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 91.6 100.7 110.8
New Vehicle [Member]      
Revenue:      
TOTAL REVENUE $ 12,180.8 $ 12,255.8 $ 11,995.0
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 11,592.4 11,620.0 11,321.9
Gross Profit:      
TOTAL GROSS PROFIT 588.4 635.8 673.1
Used Vehicle [Member]      
Revenue:      
TOTAL REVENUE 4,878.4 4,995.3 4,768.7
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 4,563.2 4,677.7 4,415.0
Gross Profit:      
TOTAL GROSS PROFIT 315.2 317.6 353.7
Parts and Service [Member]      
Revenue:      
TOTAL REVENUE 3,398.3 3,321.4 3,082.8
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 1,907.6 1,886.7 1,744.8
Gross Profit:      
TOTAL GROSS PROFIT 1,490.7 1,434.7 1,338.0
Finance and Insurance, Net [Member]      
Revenue:      
TOTAL REVENUE 939.2 894.6 868.7
Gross Profit:      
TOTAL GROSS PROFIT 939.2 894.6 868.7
Other Goods and Services [Member]      
Revenue:      
TOTAL REVENUE 137.9 141.9 146.8
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 112.4 111.4 118.8
Gross Profit:      
TOTAL GROSS PROFIT $ 25.5 $ 30.5 $ 28.0