XML 20 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 569.6 $ 42.0
Receivables, net 845.2 916.7
Inventory 2,598.5 3,305.8
Other current assets 139.4 146.6
Total Current Assets 4,152.7 4,411.1
PROPERTY AND EQUIPMENT, NET 3,138.1 3,174.6
OPERATING LEASE ASSETS 309.5 333.1
GOODWILL 1,185.0 1,501.9
OTHER INTANGIBLE ASSETS, NET 521.5 581.6
OTHER ASSETS 580.4 541.0
Total Assets 9,887.2 10,543.3
CURRENT LIABILITIES:    
Vehicle floorplan payable 2,759.9 3,575.8
Accounts payable 335.2 290.3
Commercial paper 0.0 170.0
Current maturities of long-term debt 309.2 355.6
Accrued payroll and benefits 225.8 178.4
Other current liabilities 535.8 530.1
Total Current Liabilities 4,165.9 5,100.2
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,792.6 1,578.5
NONCURRENT OPERATING LEASE LIABILITIES 286.5 305.0
DEFERRED INCOME TAXES 95.9 135.1
OTHER LIABILITIES 310.6 262.4
COMMITMENTS AND CONTINGENCIES (Note 19)
SHAREHOLDERS' EQUITY:    
Preferred Stock, Value, par value $0.01 per share; 5,000,0000 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 December 31, 2020, and December 31, 2019, including shares held in treasury 1.0 1.0
Additional paid-in capital 53.1 35.9
Retained earnings 4,069.4 3,688.3
Treasury stock, at cost; 19,078,620 and 13,212,974 shares held, respectively (887.8) (563.1)
Total Shareholders' Equity 3,235.7 3,162.1
Total Liabilities and Shareholders' Equity $ 9,887.2 $ 10,543.3
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock authorized (in shares) 5,000,000 5,000,000
Preferred stock issued (in shares) 0 0
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock authorized (in shares) 1,500,000,000 1,500,000,000
Common stock issued (in shares) 102,562,149 102,562,149
Treasury stock (in shares) 19,078,620 13,212,974
Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable $ 1,541.7 $ 2,120.6
Non-Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable $ 1,218.2 $ 1,455.2