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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 59,500,000 $ 569,600,000
Receivables, net 773,500,000 845,200,000
Inventory 1,756,200,000 2,598,500,000
Other current assets 212,700,000 139,400,000
Total Current Assets 2,801,900,000 4,152,700,000
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1.7 billion and $1.7 billion, respectively 3,094,700,000 3,138,100,000
OPERATING LEASE ASSETS 303,000,000.0 309,500,000
GOODWILL 1,187,000,000.0 1,185,000,000.0
OTHER INTANGIBLE ASSETS, NET 521,000,000.0 521,500,000
OTHER ASSETS 473,400,000 580,400,000
Total Assets 8,381,000,000.0 9,887,200,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 1,571,300,000 2,759,900,000
Accounts payable 396,100,000 335,200,000
Commercial paper 200,000,000.0 0
Current maturities of long-term debt 7,000,000.0 309,200,000
Accrued payroll and benefits 269,200,000 225,800,000
Other current liabilities 597,100,000 535,800,000
Total Current Liabilities 3,040,700,000 4,165,900,000
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,790,300,000 1,792,600,000
NONCURRENT OPERATING LEASE LIABILITIES 279,100,000 286,500,000
DEFERRED INCOME TAXES 75,400,000 95,900,000
OTHER LIABILITIES 338,700,000 310,600,000
COMMITMENTS AND CONTINGENCIES (Note 12)
SHAREHOLDERS’ EQUITY:    
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 86,562,149 shares issued at June 30, 2021, and 102,562,149 shares issued at December 31, 2020, including shares held in treasury 800,000 1,000,000.0
Additional paid-in capital 5,700,000 53,100,000
Retained earnings 3,896,400,000 4,069,400,000
Treasury stock, at cost; 13,429,134 and 19,078,620 shares held, respectively (1,046,100,000) (887,800,000)
Total Shareholders’ Equity 2,856,800,000 3,235,700,000
Total Liabilities and Shareholders’ Equity 8,381,000,000.0 9,887,200,000
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 669,500,000 1,541,700,000
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 901,800,000 $ 1,218,200,000