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Segment and Geographic Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule Of Financial Performance By Reportable Segment | The following tables present our financial performance by reportable segment for the periods indicated (in millions):
| Wholesale - North America |  | Europe |  | Specialty |  | Self Service |  | Eliminations |  | Consolidated
Year Ended December 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |  |  |
Third Party | $ | 5,762 |  |  | $ | 6,407 |  |  | $ | 1,654 |  |  | $ | 532 |  |  | $ | — |  |  | $ | 14,355 |
Intersegment | 1 |  |  | — |  |  | 3 |  |  | — |  |  | (4) |  |  | — |
Total segment revenue | $ | 5,763 |  |  | $ | 6,407 |  |  | $ | 1,657 |  |  | $ | 532 |  |  | $ | (4) |  |  | $ | 14,355 |
Less: (1) |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | 3,252 |  |  | 3,953 |  |  | 1,238 |  |  | 305 |  |  |  |  |
Selling, general and administrative expenses | 1,567 |  |  | 1,855 |  |  | 315 |  |  | 179 |  |  |  |  |
Other segment items (2) | (15) |  |  | (35) |  |  | (9) |  |  | (2) |  |  |  |  |
Segment EBITDA | $ | 959 |  |  | $ | 634 |  |  | $ | 113 |  |  | $ | 50 |  |  | $ | — |  |  | $ | 1,756 |
Total depreciation and amortization (3) | $ | 198 |  |  | $ | 160 |  |  | $ | 34 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 406 |
Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |  |  |
Third Party | $ | 5,281 |  |  | $ | 6,323 |  |  | $ | 1,665 |  |  | $ | 597 |  |  | $ | — |  |  | $ | 13,866 |
Intersegment | 1 |  |  | — |  |  | 3 |  |  | — |  |  | (4) |  |  | — |
Total segment revenue | $ | 5,282 |  |  | $ | 6,323 |  |  | $ | 1,668 |  |  | $ | 597 |  |  | $ | (4) |  |  | $ | 13,866 |
Less: (1) |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | 2,796 |  |  | 3,886 |  |  | 1,238 |  |  | 375 |  |  |  |  |
Selling, general and administrative expenses | 1,535 |  |  | 1,842 |  |  | 305 |  |  | 188 |  |  |  |  |
Other segment items (2) | (24) |  |  | (19) |  |  | (9) |  |  | (2) |  |  |  |  |
Segment EBITDA | $ | 975 |  |  | $ | 614 |  |  | $ | 134 |  |  | $ | 36 |  |  | $ | — |  |  | $ | 1,759 |
Total depreciation and amortization (3) | $ | 121 |  |  | $ | 150 |  |  | $ | 32 |  |  | $ | 16 |  |  | $ | — |  |  | $ | 319 |
Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |  |  |
Third Party | $ | 4,556 |  |  | $ | 5,735 |  |  | $ | 1,788 |  |  | $ | 715 |  |  | $ | — |  |  | $ | 12,794 |
Intersegment | — |  |  | — |  |  | 3 |  |  | — |  |  | (3) |  |  | — |
Total segment revenue | $ | 4,556 |  |  | $ | 5,735 |  |  | $ | 1,791 |  |  | $ | 715 |  |  | $ | (3) |  |  | $ | 12,794 |
Less: (1) |  |  |  |  |  |  |  |  |  |  |
Cost of goods sold | 2,347 |  |  | 3,520 |  |  | 1,270 |  |  | 437 |  |  |  |  |
Selling, general and administrative expenses | 1,372 |  |  | 1,651 |  |  | 325 |  |  | 196 |  |  |  |  |
Other segment items (2) | (15) |  |  | (21) |  |  | (3) |  |  | (1) |  |  |  |  |
Segment EBITDA | $ | 852 |  |  | $ | 585 |  |  | $ | 199 |  |  | $ | 83 |  |  | $ | — |  |  | $ | 1,719 |
Total depreciation and amortization (3) | $ | 75 |  |  | $ | 145 |  |  | $ | 30 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 264 |
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Intersegment expenses are included within the amounts shown. (2) Amounts primarily represent other non operating income and expenses within each segment, as well as reconciling items to remove depreciation - cost of goods sold and restructuring - cost of goods sold, which are excluded from the calculation of Segment EBITDA. See Note 13, "Restructuring and Transaction Related Expenses" for additional information on the restructuring charges. (3) Amounts presented include depreciation and amortization expense recorded within Cost of goods sold, SG&A expenses and Restructuring and transaction related expenses.
Reconciliation of Net Income to Segment EBITDA | The table below provides a reconciliation of Net Income to Segment EBITDA (in millions):
| Year Ended December 31,
2024 |  | 2023 |  | 2022
Net income | $ | 693 |  |  | $ | 938 |  |  | $ | 1,150 |
Less: net income attributable to continuing noncontrolling interest | 3 |  |  | 2 |  |  | 1 |
Net income attributable to LKQ stockholders | 690 |  |  | 936 |  |  | 1,149 |
Less: net (loss) income from discontinued operations | — |  |  | (6) |  |  | 6 |
Net income from continuing operations attributable to LKQ stockholders | 690 |  |  | 942 |  |  | 1,143 |
Adjustments: |  |  |  |  |
Depreciation and amortization | 406 |  |  | 319 |  |  | 264 |
Interest expense, net of interest income | 243 |  |  | 186 |  |  | 70 |
Loss on debt extinguishment | — |  |  | 1 |  |  | — |
Provision for income taxes | 273 |  |  | 306 |  |  | 385 |
Equity in earnings of unconsolidated subsidiaries (1) | (8) |  |  | (15) |  |  | (11) |
Gains on foreign exchange contracts - acquisition related (2) | — |  |  | (49) |  |  | — |
Equity investment fair value adjustments | 2 |  |  | 2 |  |  | 5 |
Restructuring and transaction related expenses (3) | 135 |  |  | 65 |  |  | 20 |
Restructuring expenses - cost of goods sold (3) | 15 |  |  | 4 |  |  | — |
Gain on disposal of businesses (4) | — |  |  | — |  |  | (159) |
Gains on previously held equity interests | — |  |  | (3) |  |  | (1) |
Direct impacts of Ukraine/Russia conflict (5) | — |  |  | — |  |  | 3 |
Impairment of net assets held for sale | — |  |  | 1 |  |  | — |
Segment EBITDA | $ | 1,756 |  |  | $ | 1,759 |  |  | $ | 1,719 |
(1) Refer to Note 10, "Equity Method Investments" for further information. (2) Refer to Note 3, "Business Combinations" and Note 19, "Derivative Instruments and Hedging Activities" for further information. (3) Refer to Note 13, "Restructuring and Transaction Related Expenses" for further information. (4) Refer to "Other Divestitures (Not Classified in Discontinued Operations)" in Note 4, "Discontinued Operations and Divestitures" for further information. (5) Adjustments include provisions for and subsequent adjustments to reserves for asset recoverability (receivables and inventory) and expenditures to support our employees and their families in Ukraine.
Schedule Of Capital Expenditures By Reportable Segment | The following table presents capital expenditures by reportable segment (in millions):
| Year Ended December 31,
2024 |  | 2023 |  | 2022
Capital Expenditures |  |  |  |  |
Wholesale - North America | $ | 143 |  |  | $ | 118 |  |  | $ | 84 |
Europe | 134 |  |  | 163 |  |  | 105 |
Specialty | 21 |  |  | 41 |  |  | 19 |
Self Service | 13 |  |  | 36 |  |  | 14 |
Total capital expenditures | $ | 311 |  |  | $ | 358 |  |  | $ | 222 |
Schedule Of Assets By Reportable Segment | The following table presents assets by reportable segment (in millions):
| December 31, 2024 |  | December 31, 2023
Receivables, net of allowance for credit losses |  |  |
Wholesale - North America | $ | 483 |  |  | $ | 470 |
Europe | 528 |  |  | 580 |
Specialty | 102 |  |  | 107 |
Self Service | 9 |  |  | 8 |
Total receivables, net of allowance for credit losses | 1,122 |  |  | 1,165 |
Inventories |  |  |
Wholesale - North America | 1,411 |  |  | 1,217 |
Europe | 1,323 |  |  | 1,390 |
Specialty | 449 |  |  | 475 |
Self Service | 37 |  |  | 39 |
Total inventories | 3,220 |  |  | 3,121 |
Property, plant and equipment, net |  |  |
Wholesale - North America | 675 |  |  | 644 |
Europe | 619 |  |  | 642 |
Specialty | 115 |  |  | 118 |
Self Service | 108 |  |  | 112 |
Total property, plant and equipment, net | 1,517 |  |  | 1,516 |
Operating lease assets, net |  |  |
Wholesale - North America | 668 |  |  | 615 |
Europe | 467 |  |  | 494 |
Specialty | 121 |  |  | 84 |
Self Service | 132 |  |  | 143 |
Total operating lease assets, net | 1,388 |  |  | 1,336 |
Other unallocated assets | 7,708 |  |  | 7,941 |
Total assets | $ | 14,955 |  |  | $ | 15,079 |
Schedule Of Tangible Long-Lived Assets By Geographic Area | The following table sets forth our tangible long-lived assets by geographic area (in millions):
| December 31, 2024 |  | December 31, 2023
Long-lived assets |  |  |
United States | $ | 1,590 |  |  | $ | 1,496 |
Germany | 312 |  |  | 324 |
United Kingdom | 296 |  |  | 295 |
Other countries | 707 |  |  | 737 |
Total long-lived assets | $ | 2,905 |  |  | $ | 2,852 |

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