Interim Financial Statements (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2018.



Consolidated Balance Sheet Line Items
	September 30, 2018
Impact of changes in accounting policies	As reported		Balances without adoption of ASC Topic 606		Impact of adoption Higher/(Lower)
Receivables, net	$	800.5	$	816.1	$	(15.6	)
Inventory	$	3,381.3	$	3,386.2	$	(4.9	)
Other current assets	$	203.4	$	147.4	$	56.0
Other assets	$	484.7	$	424.3	$	60.4
Other current liabilities	$	688.1	$	656.6	$	31.5
Deferred income taxes	$	87.5	$	83.3	$	4.2
Other liabilities	$	281.1	$	234.0	$	47.1
Retained earnings	$	3,145.6	$	3,132.5	$	13.1



Consolidated Statement of Income Line Items
	Three Months Ended September 30, 2018						Nine Months Ended September 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	$	864.0	$	863.1	$	0.9	$	2,579.6	$	2,579.7	$	(0.1	)
Finance and insurance	$	247.4	$	245.9	$	1.5	$	736.0	$	732.1	$	3.9
Cost of sales:
Parts and service	$	473.4	$	473.0	$	0.4	$	1,416.2	$	1,416.4	$	(0.2	)
Gross profit:
Parts and service	$	390.6	$	390.1	$	0.5	$	1,163.4	$	1,163.3	$	0.1
Finance and insurance	$	247.4	$	245.9	$	1.5	$	736.0	$	732.1	$	3.9
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	$	145.1	$	143.1	$	2.0	$	400.9	$	396.9	$	4.0
Income tax provision	$	32.8	$	32.3	$	0.5	$	97.9	$	96.9	$	1.0
NET INCOME FROM CONTINUING OPERATIONS	$	112.3	$	110.8	$	1.5	$	303.0	$	300.0	$	3.0
NET INCOME	$	112.0	$	110.5	$	1.5	$	303.3	$	300.3	$	3.0



Consolidated Statement of Cash Flows Line Items
	Nine Months Ended September 30, 2018
Impact of changes in accounting policies	As reported			Balances without adoption of ASC Topic 606			Impact of adoption Higher/(Lower)
Net income	$	303.3		$	300.3		$	3.0
Deferred income tax provision	$	12.4		$	11.4		$	1.0
(Increase) decrease, net of effects from business combinations and divestitures:
Receivables	$	309.4		$	293.8		$	15.6
Inventory	$	(44.9	)	$	(45.1	)	$	0.2
Other assets	$	(101.3	)	$	(2.9	)	$	(98.4	)
Increase (decrease), net of effects from business combinations and divestitures:
Other liabilities	$	7.0		$	(71.6	)	$	78.6