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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and cash equivalents $ 608,100,000 $ 60,400,000
Receivables, net 747,900,000 730,000,000.0
Inventory 1,698,300,000 1,847,900,000
Other current assets 195,300,000 173,400,000
Total Current Assets 3,249,600,000 2,811,700,000
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1.8 billion and $1.8 billion, respectively 3,413,600,000 3,419,500,000
OPERATING LEASE ASSETS 283,800,000 284,000,000.0
GOODWILL 1,232,700,000 1,235,300,000
OTHER INTANGIBLE ASSETS, NET 743,100,000 743,500,000
OTHER ASSETS 435,100,000 449,600,000
Total Assets 9,357,900,000 8,943,600,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 1,395,700,000 1,457,600,000
Accounts payable 385,800,000 395,900,000
Commercial paper 0 340,000,000
Current maturities of long-term debt 11,800,000 12,200,000
Accrued payroll and benefits 255,200,000 279,900,000
Other current liabilities 756,100,000 574,200,000
Total Current Liabilities 2,804,600,000 3,059,800,000
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,536,500,000 2,846,200,000
NONCURRENT OPERATING LEASE LIABILITIES 261,000,000.0 260,100,000
DEFERRED INCOME TAXES 81,400,000 78,200,000
OTHER LIABILITIES 328,800,000 322,300,000
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS’ EQUITY:    
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 86,562,149 shares issued at March 31, 2022, and December 31, 2021, including shares held in treasury 800,000 800,000
Additional paid-in capital 2,400,000 3,200,000
Retained earnings 4,943,900,000 4,639,900,000
Treasury stock, at cost; 26,890,422 and 23,951,543 shares held, respectively (2,601,500,000) (2,266,900,000)
Total Shareholders’ Equity 2,345,600,000 2,377,000,000
Total Liabilities and Shareholders’ Equity 9,357,900,000 8,943,600,000
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 443,600,000 489,900,000
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 952,100,000 $ 967,700,000