Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 72.7	$ 23.8
Contracts-in-transit and vehicle receivables, net	173.3	253.8
Accounts and notes receivables, net	152.5	225.1
Inventories, net	1,327.1	1,901.7
Prepaid expenses	88.0	96.4
Other current assets	21.1	15.5
TOTAL CURRENT ASSETS	1,834.6	2,516.3
Property and equipment, net of accumulated depreciation of $421.6 and $400.2, respectively	1,548.9	1,547.1
Operating lease assets	219.1	220.1
Goodwill	989.7	1,008.3
Intangible franchise rights	240.5	253.5
Other long-term assets	26.7	24.8
TOTAL ASSETS	4,859.6	5,570.2
CURRENT LIABILITIES:
Floorplan notes payable — credit facility and other, net of offset account of $99.7 and $106.8, respectively	696.6	1,144.4
Floorplan notes payable — manufacturer affiliates, net of offset account of $8.1 and $4.1, respectively	357.7	459.9
Current maturities of long-term debt	54.6	59.1
Current operating lease liabilities	23.6	24.6
Accounts payable	442.7	527.5
Accrued expenses and other current liabilities	199.9	206.7
TOTAL CURRENT LIABILITIES	1,775.1	2,422.3
Long-term debt	1,360.7	1,432.1
Long-term operating lease liabilities	214.2	210.7
Deferred income taxes	135.4	145.7
Other long-term liabilities	109.0	99.2
Commitments and Contingencies (Note 12)
STOCKHOLDERS’ EQUITY:
Common stock, $0.01 par value, 50,000,000 shares authorized; 25,439,581 and 25,486,711 shares issued, respectively	0.3	0.3
Additional paid-in capital	300.0	295.3
Retained earnings	1,596.9	1,542.4
Accumulated other comprehensive income (loss)	(213.3)	(147.0)
Treasury stock, at cost; 7,179,357 and 6,858,503 shares, respectively	(467.9)	(435.3)
TOTAL STOCKHOLDERS’ EQUITY	1,215.9	1,255.7
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 4,859.6	$ 5,570.2