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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 48.6 $ 69.2
Receivables, net 976.2 1,111.0
Inventory 3,650.5 3,365.6
Other current assets 208.7 251.7
Total Current Assets 4,884.0 4,797.5
PROPERTY AND EQUIPMENT, NET 3,155.3 2,962.7
GOODWILL [1] 1,513.2 1,515.0
OTHER INTANGIBLE ASSETS, NET 595.4 586.8
OTHER ASSETS 517.2 409.5
Total Assets 10,665.1 10,271.5
CURRENT LIABILITIES:    
Vehicle floorplan payable 3,997.7 3,806.9
Accounts payable 306.2 309.8
Commercial paper 630.0 330.0
Current maturities of long-term debt 44.3 414.5
Other current liabilities 679.9 774.5
Total Current Liabilities 5,658.1 5,635.7
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,926.2 1,959.2
DEFERRED INCOME TAXES 89.8 71.9
OTHER LIABILITIES 275.0 235.4
COMMITMENTS AND CONTINGENCIES (Note 18)
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, 2018, and December 31, 2017, including shares held in treasury 1.0 1.0
Additional paid-in capital 20.8 4.0
Retained earnings 3,238.3 2,832.2
Treasury stock, at cost; 12,540,065 and 11,002,298 shares held, respectively (544.1) (467.9)
Total Shareholders' Equity 2,716.0 2,369.3
Total Liabilities and Shareholders' Equity 10,665.1 10,271.5
Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable 2,388.0 2,179.1
Non-Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable $ 1,609.7 $ 1,627.8
[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.