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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 74.1 $ 75.4
Receivables, net 908.2 817.8
Inventory 3,612.0 2,899.0
Other current assets 117.1 207.0
Total Current Assets 4,711.4 3,999.2
PROPERTY AND EQUIPMENT, NET 2,667.4 2,422.0
GOODWILL, NET [1] 1,394.5 1,314.7
OTHER INTANGIBLE ASSETS, NET 439.9 354.7
OTHER ASSETS 345.1 309.1
Total Assets 9,558.3 8,399.7
CURRENT LIABILITIES:    
Vehicle floorplan payable 3,727.1 3,097.2
Accounts payable 299.9 264.7
Commercial paper 599.5 0.0
Current maturities of long-term debt 13.4 25.0
Other current liabilities 529.2 495.1
Total Current Liabilities 5,169.1 3,882.0
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,753.7 2,103.4
DEFERRED INCOME TAXES 78.6 137.9
OTHER LIABILITIES $ 207.6 $ 204.3
COMMITMENTS AND CONTINGENCIES (Note 8)
SHAREHOLDERS' EQUITY:    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized; none issued $ 0.0 $ 0.0
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 120,562,149 shares issued at December 31, 2015, and 163,562,149 shares issued at December 31, 2014, including shares held in treasury 1.2 1.6
Additional paid-in capital 5.2 61.8
Retained earnings 2,702.8 3,756.6
Treasury stock, at cost; 9,758,091 and 50,248,909 shares held, respectively (359.9) (1,747.9)
Total Shareholders' Equity 2,349.3 2,072.1
Total Liabilities and Shareholders' Equity 9,558.3 8,399.7
Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable 2,565.8 2,090.7
Non-Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable $ 1,161.3 $ 1,006.5
[1] Net of accumulated impairment losses of $1.47 billion ($1.25 billion after-tax) associated with our single reporting unit (prior to September 30, 2008, our reporting unit structure was comprised of a single reporting unit) and $140.0 million ($119.0 million after-tax) associated with our Domestic reporting unit, both of which were recorded during the year ended December 31, 2008.