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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 350,000,000.0 $ 569,600,000
Receivables, net 883,500,000 845,200,000
Inventory 2,254,600,000 2,598,500,000
Other current assets 178,700,000 139,400,000
Total Current Assets 3,666,800,000 4,152,700,000
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1.7 billion and $1.7 billion, respectively 3,107,100,000 3,138,100,000
OPERATING LEASE ASSETS 302,500,000 309,500,000
GOODWILL 1,184,800,000 1,185,000,000.0
OTHER INTANGIBLE ASSETS, NET 521,200,000 521,500,000
OTHER ASSETS 485,100,000 580,400,000
Total Assets 9,267,500,000 9,887,200,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,298,000,000.0 2,759,900,000
Accounts payable 413,200,000 335,200,000
Commercial paper 0 0
Current maturities of long-term debt 7,100,000 309,200,000
Accrued payroll and benefits 231,400,000 225,800,000
Other current liabilities 659,500,000 535,800,000
Total Current Liabilities 3,609,200,000 4,165,900,000
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,791,300,000 1,792,600,000
NONCURRENT OPERATING LEASE LIABILITIES 279,100,000 286,500,000
DEFERRED INCOME TAXES 76,300,000 95,900,000
OTHER LIABILITIES 317,700,000 310,600,000
COMMITMENTS AND CONTINGENCIES (Note 12)
SHAREHOLDERS’ EQUITY:    
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 102,562,149 shares issued at March 31, 2021, and December 31, 2020, including shares held in treasury 1,000,000.0 1,000,000.0
Additional paid-in capital 41,000,000.0 53,100,000
Retained earnings 4,308,800,000 4,069,400,000
Treasury stock, at cost; 22,088,073 and 19,078,620 shares held, respectively (1,156,900,000) (887,800,000)
Total Shareholders’ Equity 3,193,900,000 3,235,700,000
Total Liabilities and Shareholders’ Equity 9,267,500,000 9,887,200,000
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 1,285,200,000 1,541,700,000
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,012,800,000 $ 1,218,200,000