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ACQUISITIONS (Tables) | 12 Months Ended
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Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract] |
Schedule of recognized identified assets acquired and liabilities assumed | The following table summarizes the consideration paid and aggregate amounts of the assets acquired and liabilities assumed as of the acquisition date (in millions):
Total consideration |  | $ | 934.2 |
Identifiable assets acquired and liabilities assumed |  |
Inventories |  | $ | 136.7 |
Property and equipment |  | 267.4 |
Intangible franchise rights |  | 135.3 |
Operating lease assets |  | 58.3 |
Other assets (1) |  | 63.1 |
Total assets acquired |  | 660.8 |
Operating lease liabilities |  | 56.6 |
Other liabilities (2) |  | 38.3 |
Total liabilities assumed |  | 94.9 |
Total identifiable net assets |  | 565.9 |
Goodwill |  | $ | 368.3 |
(1) Other assets acquired in connection with the Prime Acquisition include $55.3 million of assets classified as held for sale as of the acquisition date. See the table below for additional details. (2) Other liabilities assumed in connection with the Prime Acquisition include $1.7 million of liabilities classified as held for sale as of the acquisition date. See the table below for additional details.
Prime assets classified as held for sale (in millions) |  |
Inventories |  | $ | 10.4 |
Property and equipment |  | 28.1 |
Operating lease assets |  | 1.7 |
Goodwill |  | 15.1 |
Total other assets classified as held for sale |  | $ | 55.3 |
Prime liabilities classified as held for sale (in millions) |  |
Operating lease liabilities |  | $ | 1.7 |
Pro forma information | The following unaudited pro forma financial information presents consolidated information of the Company as if the Prime Acquisition had occurred January 1, 2020 (in millions):
|  | Years Ended December 31,
|  | 2021 |  | 2020
|  | (unaudited)
Revenues |  | $ | 15,243.5 |  |  | $ | 12,469.8 |
Net income |  | $ | 594.7 |  |  | $ | 290.0 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472 + Details
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