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Interim Financial Statements (Tables) | 6 Months Ended
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Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Adoption of ASC 606, Financial Statement Impact | The following tables summarize the impacts to each financial statement line item affected by the adoption of ASC Topic 606 as of and for the three and six months ended June 30, 2018.
Consolidated Balance Sheet Line Items
|  | June 30, 2018
Impact of changes in accounting policies |  | As reported |  | Balances without adoption of ASC Topic 606 |  | Impact of adoption Higher/(Lower)
Receivables, net |  | $ | 854.5 |  |  | $ | 867.3 |  |  | $ | (12.8 | )
Inventory |  | $ | 3,587.0 |  |  | $ | 3,591.3 |  |  | $ | (4.3 | )
Other current assets |  | $ | 209.3 |  |  | $ | 156.0 |  |  | $ | 53.3 |
Other assets |  | $ | 474.2 |  |  | $ | 417.7 |  |  | $ | 56.5 |
Other current liabilities |  | $ | 659.4 |  |  | $ | 628.8 |  |  | $ | 30.6 |
Deferred income taxes |  | $ | 76.8 |  |  | $ | 73.1 |  |  | $ | 3.7 |
Other liabilities |  | $ | 276.7 |  |  | $ | 229.9 |  |  | $ | 46.8 |
Retained earnings |  | $ | 3,033.6 |  |  | $ | 3,022.0 |  |  | $ | 11.6 |
Consolidated Statement of Income Line Items
|  | Three Months Ended June 30, 2018 |  | Six Months Ended June 30, 2018
Impact of changes in accounting policies |  | As reported |  | Balances without adoption of ASC Topic 606 |  | Impact of adoption Higher/(Lower) |  | As reported |  | Balances without adoption of ASC Topic 606 |  | Impact of adoption Higher/(Lower)
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Parts and service |  | $ | 857.1 |  |  | $ | 857.1 |  |  | $ | — |  |  | $ | 1,715.6 |  |  | $ | 1,716.6 |  |  | $ | (1.0 | )
Finance and insurance |  | $ | 247.8 |  |  | $ | 246.5 |  |  | $ | 1.3 |  |  | $ | 488.6 |  |  | $ | 486.2 |  |  | $ | 2.4 |
Cost of sales: |  |  |  |  |  |  |  |  |  |  |  |
Parts and service |  | $ | 469.8 |  |  | $ | 469.8 |  |  | $ | — |  |  | $ | 942.8 |  |  | $ | 943.4 |  |  | $ | (0.6 | )
Gross profit: |  |  |  |  |  |  |  |  |  |  |  |
Parts and service |  | $ | 387.3 |  |  | $ | 387.3 |  |  | $ | — |  |  | $ | 772.8 |  |  | $ | 773.2 |  |  | $ | (0.4 | )
Finance and insurance |  | $ | 247.8 |  |  | $ | 246.5 |  |  | $ | 1.3 |  |  | $ | 488.6 |  |  | $ | 486.2 |  |  | $ | 2.4 |
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |  | $ | 129.6 |  |  | $ | 128.3 |  |  | $ | 1.3 |  |  | $ | 255.8 |  |  | $ | 253.8 |  |  | $ | 2.0 |
Income tax provision |  | $ | 32.2 |  |  | $ | 31.9 |  |  | $ | 0.3 |  |  | $ | 65.1 |  |  | $ | 64.6 |  |  | $ | 0.5 |
NET INCOME FROM CONTINUING OPERATIONS |  | $ | 97.4 |  |  | $ | 96.4 |  |  | $ | 1.0 |  |  | $ | 190.7 |  |  | $ | 189.2 |  |  | $ | 1.5 |
NET INCOME |  | $ | 97.6 |  |  | $ | 96.6 |  |  | $ | 1.0 |  |  | $ | 191.3 |  |  | $ | 189.8 |  |  | $ | 1.5 |
Consolidated Statement of Cash Flows Line Items
|  | Six Months Ended June 30, 2018
Impact of changes in accounting policies |  | As reported |  | Balances without adoption of ASC Topic 606 |  | Impact of adoption Higher/(Lower)
Net income |  | $ | 191.3 |  |  | $ | 189.8 |  |  | $ | 1.5 |
Deferred income tax provision |  | $ | 1.7 |  |  | $ | 1.2 |  |  | $ | 0.5 |
(Increase) decrease, net of effects from business combinations and divestitures: |  |  |  |  |  |
Receivables |  | $ | 257.1 |  |  | $ | 244.3 |  |  | $ | 12.8 |
Inventory |  | $ | (248.7 | ) |  | $ | (248.3 | ) |  | $ | (0.4 | )
Other assets |  | $ | (99.2 | ) |  | $ | (7.4 | ) |  | $ | (91.8 | )
Increase (decrease), net of effects from business combinations and divestitures: |  |  |  |  |  |
Other liabilities |  | $ | (11.9 | ) |  | $ | (89.3 | ) |  | $ | 77.4 |

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