SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Certain Information on a Segment Basis

Certain financial information on a segment basis is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(in millions)	2023		2022		2023		2022
Vehicle operations revenue	$	8,277.0	$	7,295.7	$	23,368.0	$	21,241.3
Vehicle operations gross profit	1,371.3		1,314.2		3,968.2		3,943.3
Floor plan interest expense	(40.2)		(10.7)		(102.6)		(19.4)
Vehicle operations selling, general and administrative	(915.5)		(841.6)		(2,587.6)		(2,472.4)
Vehicle operations income	415.6		461.9		1,278.1		1,451.5
Financing operations interest margin:
Interest, fee, and lease income	72.4		32.8		190.3		82.2
Interest expense	(42.5)		(13.3)		(125.5)		(23.3)
Total interest margin	29.9		19.5		64.8		58.9
Selling, general and administrative	(9.2)		(8.1)		(27.3)		(22.6)
Total pre-provision income	20.6		11.4		37.5		36.3
Provision expense	(23.1)		(14.5)		(75.0)		(25.5)
Depreciation and amortization	(2.0)		(1.5)		(6.3)		(7.1)
Financing operations (loss) income	(4.4)		(4.6)		(43.8)		3.7
Total segment income for reportable segments	411.2		457.3		1,234.2		1,455.1
Corporate and other	64.7		87.4		129.5		181.1
Depreciation and amortization	(50.8)		(40.5)		(146.4)		(115.0)
Other interest expense	(58.5)		(36.3)		(141.5)		(90.8)
Other income (expense), net	(5.3)		(12.2)		6.8		(36.6)
Income before income taxes	$	361.3	$	455.7	$	1,082.6	$	1,393.9