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Leases (Tables) | 12 Months Ended
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Dec. 31, 2023
Leases [Abstract] |
Lease Assets and Lease Liabilities |
Leases |  | Classification |  | 2023 |  | 2022
Assets |  |  |  |  |  |
Operating |  | Operating Lease Assets |  | $ | 392.1 |  |  | $ | 323.5 |
Finance |  | Property and Equipment, Net and Other Assets |  | 351.1 |  |  | 361.4 |
Total right-of-use assets |  |  |  | $ | 743.2 |  |  | $ | 684.9 |
Liabilities |  |  |  |  |  |
Current |  |  |  |  |  |
Operating |  | Other Current Liabilities |  | $ | 41.2 |  |  | $ | 39.5 |
Finance |  | Current Maturities of Long-Term Debt and Vehicle Floorplan Payable - Trade |  | 46.9 |  |  | 39.0 |
Noncurrent |  |  |  |  |  |
Operating |  | Noncurrent Operating Lease Liabilities |  | 363.2 |  |  | 296.9 |
Finance |  | Long-Term Debt, Net of Current Maturities |  | 349.6 |  |  | 363.2 |
Total lease liabilities |  |  |  | $ | 800.9 |  |  | $ | 738.6 |
Lease Term and Discount Rate |  | 2023 |  | 2022
Weighted average remaining lease term |  |  |  |
Operating |  | 12 years |  | 11 years
Finance |  | 13 years |  | 14 years
Weighted-average discount rate |  |  |  |
Operating |  | 5.71 | % |  | 5.25 | %
Finance |  | 4.43 | % |  | 4.47 | %
Net Lease Cost |
Lease cost |  | Classification |  | 2023 |  | 2022
Operating lease cost |  | Selling, general, and administrative expenses |  | $ | 62.3 |  |  | $ | 56.0 |
Finance lease cost: |  |  |  |  |  |
Amortization of ROU assets |  | Depreciation and amortization |  | 24.6 |  |  | 20.9 |
Interest on lease liabilities |  | Other interest expense and floorplan interest expense |  | 17.8 |  |  | 13.3 |
Short-term lease cost (1) |  | Selling, general, and administrative expenses |  | 11.3 |  |  | 10.6 |
Variable lease cost |  | Selling, general, and administrative expenses |  | 12.0 |  |  | 10.5 |
Sublease income |  | Selling, general, and administrative expenses |  | (3.6) |  |  | (3.6) |
Net lease cost |  |  |  | $ | 124.4 |  |  | $ | 107.7 |
(1) Includes leases with a term of one month or less.
Cash Flow Information, Lessee |
Other Information |  | 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |
Operating cash flows from operating leases |  | $ | 61.4 |  |  | $ | 56.8 |
Operating cash flows from finance leases (1) |  | $ | 63.7 |  |  | $ | 36.2 |
Financing cash flows from finance leases |  | $ | 12.3 |  |  | $ | 11.3 |
Supplemental noncash information on adjustments to right-of-use assets, including right-of-use assets obtained in exchange for new: |  |  |  |
Operating lease liabilities |  | $ | 111.7 |  |  | $ | 78.7 |
Finance lease liabilities |  | $ | 54.7 |  |  | $ | 90.8 |
(1) Includes the interest component of payments made on finance leases as well as principal payments on vehicle floorplan payables with trade lenders for certain service loaner vehicle leases.
Maturity of Lease Liabilities |
Maturity of Lease Liabilities |  | Operating Leases |  | Finance Leases
Year ending December 31, |  |  |  |
2024 |  | $ | 58.1 |  |  | $ | 59.8 |
2025 |  | 58.0 |  |  | 83.0 |
2026 |  | 53.4 |  |  | 24.1 |
2027 |  | 50.6 |  |  | 25.3 |
2028 |  | 47.3 |  |  | 25.0 |
Thereafter |  | 304.5 |  |  | 284.1 |
Total lease payments |  | 571.9 |  |  | 501.3 |
Less: interest |  | (167.5) |  |  | (104.8) |
Present value of lease liabilities |  | $ | 404.4 |  |  | $ | 396.5 |
Maturity of Lease Liabilities |
Maturity of Lease Liabilities |  | Operating Leases |  | Finance Leases
Year ending December 31, |  |  |  |
2024 |  | $ | 58.1 |  |  | $ | 59.8 |
2025 |  | 58.0 |  |  | 83.0 |
2026 |  | 53.4 |  |  | 24.1 |
2027 |  | 50.6 |  |  | 25.3 |
2028 |  | 47.3 |  |  | 25.0 |
Thereafter |  | 304.5 |  |  | 284.1 |
Total lease payments |  | 571.9 |  |  | 501.3 |
Less: interest |  | (167.5) |  |  | (104.8) |
Present value of lease liabilities |  | $ | 404.4 |  |  | $ | 396.5 |

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