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Goodwill and Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Intangible Assets, Net | GOODWILL AND INTANGIBLE ASSETS, NET Goodwill and intangible assets, net, at December 31 consisted of the following:
| 2024 |  | 2023
Goodwill | $ | 1,452.9 |  |  | $ | 1,465.8 |
Franchise rights - indefinite-lived | $ | 861.2 |  |  | $ | 876.2 |
Other intangible assets | 68.0 |  |  | 68.0 |
| 929.2 |  |  | 944.2 |
Less: accumulated amortization | (23.3) |  |  | (16.4) |
Intangible assets, net | $ | 905.9 |  |  | $ | 927.8 |
Goodwill Goodwill allocated to our reporting units and changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023, were as follows:
| Domestic |  | Import |  | Premium Luxury |  | AN Finance |  | Other |  | Consolidated
Balance as of January 1, 2023 |  |  |  |  |  |  |  |  |  |  |
Goodwill (1) | $ | 376.3 |  |  | $ | 518.7 |  |  | $ | 739.5 |  |  | $ | 78.3 |  |  | $ | 1,535.6 |  |  | $ | 3,248.4 |
Accumulated impairment losses (1) | (140.0) |  |  | — |  |  | (257.4) |  |  | — |  |  | (1,530.9) |  |  | (1,928.3) |
| 236.3 |  |  | 518.7 |  |  | 482.1 |  |  | 78.3 |  |  | 4.7 |  |  | 1,320.1 |
Acquisitions, dispositions, and other adjustments, net (2) | (1.8) |  |  | 7.9 |  |  | — |  |  | 0.1 |  |  | 139.5 |  |  | 145.7 |
Balance as of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Goodwill (1) | 374.5 |  |  | 526.6 |  |  | 739.5 |  |  | 78.4 |  |  | 1,675.1 |  |  | 3,394.1 |
Accumulated impairment losses (1) | (140.0) |  |  | — |  |  | (257.4) |  |  | — |  |  | (1,530.9) |  |  | (1,928.3) |
| 234.5 |  |  | 526.6 |  |  | 482.1 |  |  | 78.4 |  |  | 144.2 |  |  | 1,465.8 |
Acquisitions, dispositions, and other adjustments, net (2) | (11.1) |  |  | (2.3) |  |  | (0.4) |  |  | — |  |  | 0.9 |  |  | (12.9) |
Balance as of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Goodwill (1) | 363.4 |  |  | 524.3 |  |  | 739.1 |  |  | 78.4 |  |  | 1,676.0 |  |  | 3,381.2 |
Accumulated impairment losses (1) | (140.0) |  |  | — |  |  | (257.4) |  |  | — |  |  | (1,530.9) |  |  | (1,928.3) |
| $ | 223.4 |  |  | $ | 524.3 |  |  | $ | 481.7 |  |  | $ | 78.4 |  |  | $ | 145.1 |  |  | $ | 1,452.9 |
(1) Gross goodwill balance and accumulated impairment losses reflected in “Other” include $1.47 billion associated with our single reporting unit (prior to September 30, 2008, our reporting unit reporting structure was comprised of a single reporting unit). Gross goodwill balance reflected in “Other” also includes amounts associated with the Collision Center, Parts Center, and AutoNation Mobile Service reporting units, as applicable in a given period. (2) Includes amounts reclassified to held for sale and related adjustments, which are presented in Other Current Assets in our Consolidated Balance Sheets as of period end. See Note 19 of the Notes to Consolidated Financial Statements for more information about our goodwill impairment test. Intangible Assets Our principal identifiable intangible assets are individual store rights under franchise agreements with vehicle manufacturers. As of December 31, 2024, we had $861.2 million of franchise rights recorded on our Consolidated Balance Sheets, of which $225.6 million was related to Domestic stores, $189.6 million was related to Import stores, and $446.0 million was related to Premium Luxury stores. See Note 19 of the Notes to Consolidated Financial Statements for more information about our franchise rights impairment tests.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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