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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash and cash equivalents $ 45.0 $ 48.6
Receivables, net 829.5 976.2
Inventory 3,280.7 3,650.5
Other current assets 243.6 208.7
Total Current Assets 4,398.8 4,884.0
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1.4 billion and $1.3 billion, respectively 3,130.8 3,155.3
OPERATING LEASE ASSETS 328.8 0.0
GOODWILL 1,498.6 1,513.2
OTHER INTANGIBLE ASSETS, NET 582.0 595.4
OTHER ASSETS 512.8 517.2
Total Assets 10,451.8 10,665.1
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 3,481.1 3,997.7
Accounts payable 267.6 306.2
Commercial paper 300.0 630.0
Current maturities of long-term debt 394.1 44.3
Other current liabilities 752.2 679.9
Total Current Liabilities 5,195.0 5,658.1
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,575.8 1,926.2
NONCURRENT OPERATING LEASE LIABILITIES 302.5 0.0
DEFERRED INCOME TAXES 126.6 89.8
OTHER LIABILITIES 255.2 275.0
COMMITMENTS AND CONTINGENCIES (Note 15)
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; 102,562,149 shares issued at September 30, 2019, and December 31, 2018, including shares held in treasury 1.0 1.0
Additional paid-in capital 34.1 20.8
Retained earnings 3,530.6 3,238.3
Treasury stock, at cost; 13,349,769 and 12,540,065 shares held, respectively (569.0) (544.1)
Total Shareholders’ Equity 2,996.7 2,716.0
Total Liabilities and Shareholders’ Equity 10,451.8 10,665.1
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,073.5 2,388.0
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,407.6 $ 1,609.7