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Consolidated Statements of Income - USD ($)
shares in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
TOTAL REVENUE $ 20,390,000,000.0 $ 21,335,700,000 $ 21,412,800,000
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 16,823,600,000 17,812,700,000 18,015,500,000
Gross Profit:      
TOTAL GROSS PROFIT 3,566,400,000 3,523,000,000.0 3,397,300,000
Selling, general, and administrative expenses 2,422,000,000.0 2,558,600,000 2,509,800,000
Depreciation and amortization 198,900,000 180,500,000 166,200,000
Goodwill impairment 318,300,000 0 0
Franchise rights impairment 57,500,000 9,600,000 8,100,000
Other (income) expense, net 6,500,000 (49,300,000) (64,700,000)
OPERATING INCOME 563,200,000 823,600,000 777,900,000
Non-operating income (expense) items:      
Floorplan interest expense (63,800,000) (138,400,000) (130,400,000)
Other interest expense (93,700,000) (106,700,000) (119,400,000)
Interest income 300,000 500,000 1,100,000
Other income, net 144,100,000 33,600,000 200,000
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 550,100,000 612,600,000 529,400,000
Income tax provision 168,300,000 161,800,000 133,500,000
NET INCOME FROM CONTINUING OPERATIONS 381,800,000 450,800,000 395,900,000
Income (loss) from discontinued operations, net of income taxes (200,000) (800,000) 100,000
Net income $ 381,600,000 $ 450,000,000.0 $ 396,000,000.0
BASIC EARNINGS (LOSS) PER SHARE:      
Continuing operations (in dollars per share) $ 4.32 $ 5.00 $ 4.36
Discontinued operations (in dollars per share) 0 (0.01) 0
Net income $ 4.32 $ 4.99 $ 4.36
Weighted Average Number of Shares Outstanding, Basic 88.3 90.1 90.9
DILUTED EARNINGS (LOSS) PER SHARE:      
Continuing operations (in dollars per share) $ 4.30 $ 4.98 $ 4.34
Discontinued operations (in dollars per share) 0 (0.01) 0
Net income $ 4.30 $ 4.97 $ 4.34
Weighted average common shares outstanding (in shares) 88.7 90.5 91.3
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 83.5 89.3 90.0
New Vehicle [Member]      
Revenue:      
TOTAL REVENUE $ 10,418,600,000 $ 11,166,500,000 $ 11,751,600,000
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 9,834,500,000 10,662,600,000 11,235,500,000
Gross Profit:      
TOTAL GROSS PROFIT 584,100,000 503,900,000 516,100,000
Used Vehicle [Member]      
Revenue:      
TOTAL REVENUE 5,601,300,000 5,466,500,000 5,123,300,000
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 5,142,300,000 5,098,500,000 4,781,600,000
Gross Profit:      
TOTAL GROSS PROFIT 459,000,000.0 368,000,000.0 341,700,000
Parts and Service [Member]      
Revenue:      
TOTAL REVENUE 3,257,400,000 3,572,100,000 3,447,600,000
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 1,796,600,000 1,949,500,000 1,892,300,000
Gross Profit:      
TOTAL GROSS PROFIT 1,460,800,000 1,622,600,000 1,555,300,000
Finance and Insurance, Net [Member]      
Revenue:      
TOTAL REVENUE 1,059,300,000 1,023,300,000 981,400,000
Gross Profit:      
TOTAL GROSS PROFIT 1,059,300,000 1,023,300,000 981,400,000
Product and Service, Other [Member]      
Revenue:      
TOTAL REVENUE 53,400,000 107,300,000 108,900,000
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 50,200,000 102,100,000 106,100,000
Gross Profit:      
TOTAL GROSS PROFIT $ 3,200,000 $ 5,200,000 $ 2,800,000