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ACQUISITIONS (Tables)
 12 Months Ended
Dec. 31, 2023
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 December 31, 2022 (in millions):
Total consideration$967.6 
Identifiable assets acquired and liabilities assumed
Inventories$136.7 
Property and equipment266.8 
Intangible franchise rights135.3 
Operating lease assets58.3 
Other assets (1)
62.2 
Total assets acquired659.3 
Operating lease liabilities56.6 
Other liabilities (2)
38.3 
Total liabilities assumed94.9 
Total identifiable net assets564.4 
Goodwill (3)
$403.2 
(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.
(3) Goodwill as of December 31, 2022 has not been adjusted for the impact of the remaining Prime dealership acquired in October 2023 as described above.
Prime assets classified as held for sale as of the acquisition date (in millions)
Inventories$10.4 
Property and equipment28.1 
Operating lease assets1.7 
Goodwill15.1 
Total other assets classified as held for sale$55.3 
Prime liabilities classified as held for sale as of the acquisition date (in millions)
Operating lease liabilities$1.7 
Pro forma information
The following represents the unaudited pro forma financial information as if Prime had been included in the Company’s consolidated results since January 1, 2021 (in millions):
Year Ended December 31,
2021
Revenues$15,243.5 
Net income$594.7