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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Reportable Segment Revenues and Segment Income | The following table provides information on revenues from external customers and segment income of our reportable segments:
| Three Months Ended |  | Six Months Ended
| June 30, 2024 |  | June 30, 2024
| Domestic |  | Import |  | Premium Luxury |  | Domestic |  | Import |  | Premium Luxury
Revenues from external customers | $ | 1,739.4 |  |  | $ | 2,018.8 |  |  | $ | 2,398.4 |  |  | $ | 3,496.1 |  |  | $ | 3,998.3 |  |  | $ | 4,813.3 |
Segment income (1) | $ | 50.3 |  |  | $ | 108.2 |  |  | $ | 141.9 |  |  | $ | 125.5 |  |  | $ | 237.0 |  |  | $ | 313.5 |
| Three Months Ended |  | Six Months Ended
| June 30, 2023 |  | June 30, 2023
| Domestic |  | Import |  | Premium Luxury |  | Domestic |  | Import |  | Premium Luxury
Revenues from external customers | $ | 1,955.5 |  |  | $ | 1,997.7 |  |  | $ | 2,620.5 |  |  | $ | 3,786.6 |  |  | $ | 3,787.0 |  |  | $ | 5,105.4 |
Segment income (1) | $ | 115.8 |  |  | $ | 173.0 |  |  | $ | 221.5 |  |  | $ | 234.3 |  |  | $ | 333.4 |  |  | $ | 448.3 |
(1) Segment income represents income for each of our reportable segments and is defined as operating income less floorplan interest expense.
Reconciliation of Segment Income | The following is a reconciliation of total segment income for reportable segments to our consolidated income from continuing operations before income taxes:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Total segment income for reportable segments | $ | 300.4 |  |  | $ | 510.3 |  |  | $ | 676.0 |  |  | $ | 1,016.0 |
Corporate and other | (79.3) |  |  | (103.9) |  |  | (164.0) |  |  | (193.4) |
Other interest expense | (46.8) |  |  | (46.0) |  |  | (91.4) |  |  | (87.1) |
Other income (loss), net | (0.1) |  |  | 4.4 |  |  | 6.9 |  |  | 9.6 |
Income from continuing operations before income taxes | $ | 174.2 |  |  | $ | 364.8 |  |  | $ | 427.5 |  |  | $ | 745.1 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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