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Description of Business and Summary of Significant Accounting Policies Description of Business and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Adoption of ASC 606, Financial Statement Impact The following tables summarize the impacts to each financial statement line item affected by the adoption of ASC Topic 606 as of and for the twelve months ended December 31, 2018.
Consolidated Balance Sheet Line Items
 
 
December 31, 2018
Impact of changes in accounting policies
 
As reported
 
Balances without adoption of ASC Topic 606
 
Impact of adoption
Higher/(Lower)
Receivables, net
 
$
976.2

 
$
997.0

 
$
(20.8
)
Inventory
 
$
3,650.5

 
$
3,655.4

 
$
(4.9
)
Other current assets
 
$
208.7

 
$
150.2

 
$
58.5

Other assets
 
$
517.2

 
$
454.6

 
$
62.6

Other current liabilities
 
$
679.9

 
$
649.3

 
$
30.6

Deferred income taxes
 
$
89.8

 
$
85.1

 
$
4.7

Other liabilities
 
$
275.0

 
$
229.8

 
$
45.2

Retained earnings
 
$
3,238.3

 
$
3,223.4

 
$
14.9


Consolidated Statement of Income Line Items
 
 
Twelve Months Ended December 31, 2018
Impact of changes in accounting policies
 
As reported
 
Balances without adoption of ASC Topic 606
 
Impact of adoption
Higher/(Lower)
Revenue:
 
 
 
 
 
 
Parts and service
 
$
3,447.6

 
$
3,447.6

 
$
—

Finance and insurance
 
$
981.4

 
$
975.2

 
$
6.2

Cost of sales:
 
 
 
 
 
 
Parts and service
 
$
1,892.3

 
$
1,892.4

 
$
(0.1
)
Gross profit:
 
 
 
 
 
 
Parts and service
 
$
1,555.3

 
$
1,555.2

 
$
0.1

Finance and insurance
 
$
981.4

 
$
975.2

 
$
6.2

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES
 
$
529.4

 
$
523.1

 
$
6.3

Income tax provision
 
$
133.5

 
$
132.0

 
$
1.5

NET INCOME FROM CONTINUING OPERATIONS
 
$
395.9

 
$
391.1

 
$
4.8

NET INCOME
 
$
396.0

 
$
391.2

 
$
4.8


Consolidated Statement of Cash Flows Line Items
 
 
Twelve Months Ended December 31, 2018
Impact of changes in accounting policies
 
As reported
 
Balances without adoption of ASC Topic 606
 
Impact of adoption
Higher/(Lower)
Net income
 
$
396.0

 
$
391.2

 
$
4.8

Deferred income tax provision
 
$
14.5

 
$
13.0

 
$
1.5

(Increase) decrease, net of effects from business combinations and divestitures:
 
 
 
 
 
 
Receivables
 
$
133.7

 
$
112.9

 
$
20.8

Inventory
 
$
(319.5
)
 
$
(319.7
)
 
$
0.2

Other assets
 
$
(107.9
)
 
$
(4.8
)
 
$
(103.1
)
Increase (decrease), net of effects from business combinations
and divestitures:
 
 
 
 
 
 
Other liabilities
 
$
(2.0
)
 
$
(77.8
)
 
$
75.8