SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of Certain Information on a Segment Basis

Certain financial information on a segment basis is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2022		2021		2022		2021
Revenues:
Domestic
New vehicle retail	$	1,069.2	$	924.6	$	2,004.8	$	1,539.2
Used vehicle retail	839.4		641.7		1,585.8		1,103.9
Used vehicle wholesale	132.7		63.8		260.8		100.0
Finance and insurance	96.4		78.6		185.7		137.2
Service, body and parts	203.3		159.1		390.9		279.8
Fleet and other	58.2		21.6		112.3		39.2
	2,399.2		1,889.4		4,540.3		3,199.3
Import
New vehicle retail	1,345.5		1,385.7		2,633.9		2,353.8
Used vehicle retail	1,009.4		717.8		1,905.3		1,280.0
Used vehicle wholesale	116.8		90.0		248.6		148.3
Finance and insurance	183.0		140.5		353.4		246.0
Service, body and parts	267.3		204.8		510.4		361.5
Fleet and other	4.8		18.6		14.9		32.6
	2,926.8		2,557.4		5,666.5		4,422.2
Luxury
New vehicle retail	836.4		839.2		1,672.9		1,453.3
Used vehicle retail	647.1		448.4		1,243.7		779.6
Used vehicle wholesale	101.3		59.3		208.4		99.0
Finance and insurance	63.6		52.6		126.0		89.5
Service, body and parts	196.9		150.1		380.0		271.8
Fleet and other	33.2		9.6		50.5		37.4
	1,878.5		1,559.2		3,681.5		2,730.6
	7,204.5		6,006.0		13,888.3		10,352.1
Corporate and other	35.6		3.4		57.1		0.3
	$	7,240.1	$	6,009.4	$	13,945.4	$	10,352.4
Segment income1:
Domestic	$	141.6	$	138.1	$	272.1	$	212.0
Import	275.5		216.3		521.3		317.8
Luxury	126.7		97.2		257.1		141.3
Total segment income for reportable segments	$	543.8	$	451.6	$	1,050.5	$	671.1

1Segment income for each of the segments is a Non-GAAP measure defined as Income from operations before income taxes, depreciation and amortization, other interest expense and other income, net.

Reconciliation of total segment income for reportable segments to our consolidated income before income taxes:

	Three Months Ended June 30,				Six Months Ended June 30,
(in millions)	2022		2021		2022		2021
Total segment income for reportable segments	$	543.8	$	451.6	$	1,050.5	$	671.1
Corporate and other	21.6		18.6		62.1		57.4
Depreciation and amortization	(40.9)		(30.3)		(80.2)		(57.1)
Other interest expense	(34.4)		(28.1)		(64.5)		(51.6)
Other income (expense), net	(21.9)		7.6		(29.9)		11.1
Income before income taxes	$	468.2	$	419.4	$	938.0	$	630.9

Reconciliation of Assets from Segment to Consolidated

Total assets by reportable segments is as follows:

(in millions)	June 30, 2022		December 31, 2021
Total assets:
Domestic	$	2,215.4	$	1,574.7
Import	2,488.5		1,858.1
Luxury	1,681.2		1,407.1
Corporate and other	6,622.6		6,307.0
	$	13,007.7	$	11,146.9