XML 19 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 69.2 $ 64.8
Receivables, net 1,111.0 1,032.9
Inventory 3,365.6 3,520.1
Other current assets 251.7 97.0
Total Current Assets 4,797.5 4,714.8
PROPERTY AND EQUIPMENT, NET 2,962.7 2,843.2
GOODWILL [1] 1,515.0 1,511.3
OTHER INTANGIBLE ASSETS, NET 586.8 598.2
OTHER ASSETS 409.5 392.5
Total Assets 10,271.5 10,060.0
CURRENT LIABILITIES:    
Vehicle floorplan payable 3,806.9 3,849.2
Accounts payable 309.8 303.7
Commercial paper 330.0 942.0
Current maturities of long-term debt 414.5 167.5
Other current liabilities 774.5 566.8
Total Current Liabilities 5,635.7 5,829.2
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,959.2 1,611.1
DEFERRED INCOME TAXES 71.9 91.5
OTHER LIABILITIES 235.4 217.9
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; 102,562,149 shares issued at December 31, 2017, and 120,562,149 shares issued at December 31, 2016, including shares held in treasury 1.0 1.2
Additional paid-in capital 4.0 18.2
Retained earnings 2,832.2 3,133.3
Treasury stock, at cost; 11,002,298 and 19,909,940 shares held, respectively (467.9) (842.4)
Total Shareholders' Equity 2,369.3 2,310.3
Total Liabilities and Shareholders' Equity 10,271.5 10,060.0
Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable 2,179.1 2,308.8
Non-Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable $ 1,627.8 $ 1,540.4
[1] Net of accumulated impairment losses of $1.47 billion 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 associated with our Domestic reporting unit, both of which were recorded during the year ended December 31, 2008.