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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:      
TOTAL REVENUE $ 21,412.8 $ 21,534.6 $ 21,609.0
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 18,015.5 18,175.6 18,295.8
Gross Profit:      
TOTAL GROSS PROFIT 3,397.3 3,359.0 3,313.2
Selling, general, and administrative expenses 2,509.8 2,436.2 2,349.4
Depreciation and amortization 166.2 158.6 143.4
Franchise rights impairment 8.1 0.0 0.0
Other income, net (64.7) (79.2) (69.1)
OPERATING INCOME 777.9 843.4 889.5
Non-operating income (expense) items:      
Floorplan interest expense (130.4) (97.0) (76.5)
Other interest expense (119.4) (120.2) (115.5)
Interest income 1.1 1.0 1.1
Other income, net 0.2 9.3 3.7
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 529.4 636.5 702.3
Income tax provision 133.5 201.5 270.6
NET INCOME FROM CONTINUING OPERATIONS 395.9 435.0 431.7
Income (loss) from discontinued operations, net of income taxes 0.1 (0.4) (1.2)
NET INCOME $ 396.0 $ 434.6 $ 430.5
BASIC EARNINGS (LOSS) PER SHARE:      
Continuing operations (in dollars per share) [1] $ 4.36 $ 4.45 $ 4.19
Discontinued operations (in dollars per share) [1] 0 0 (0.01)
Net income (in dollars per share) [1] $ 4.36 $ 4.44 $ 4.18
Weighted average common shares outstanding (in shares) 90.9 97.8 103.1
DILUTED EARNINGS (LOSS) PER SHARE:      
Continuing operations (in dollars per share) [1] $ 4.34 $ 4.43 $ 4.16
Discontinued operations (in dollars per share) [1] 0 0 (0.01)
Net income (in dollars per share) [1] $ 4.34 $ 4.43 $ 4.15
Weighted average common shares outstanding (in shares) 91.3 98.2 103.8
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 90.0 91.6 100.7
New Vehicle [Member]      
Revenue:      
TOTAL REVENUE $ 11,751.6 $ 12,180.8 $ 12,255.8
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 11,235.5 11,592.4 11,620.0
Gross Profit:      
TOTAL GROSS PROFIT 516.1 588.4 635.8
Used Vehicle [Member]      
Revenue:      
TOTAL REVENUE 5,123.3 4,878.4 4,995.3
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 4,781.6 4,563.2 4,677.7
Gross Profit:      
TOTAL GROSS PROFIT 341.7 315.2 317.6
Parts and Service [Member]      
Revenue:      
TOTAL REVENUE 3,447.6 3,398.3 3,321.4
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 1,892.3 1,907.6 1,886.7
Gross Profit:      
TOTAL GROSS PROFIT 1,555.3 1,490.7 1,434.7
Finance and Insurance, Net [Member]      
Revenue:      
TOTAL REVENUE 981.4 939.2 894.6
Gross Profit:      
TOTAL GROSS PROFIT 981.4 939.2 894.6
Product and Service, Other [Member]      
Revenue:      
TOTAL REVENUE 108.9 137.9 141.9
Cost of Sales:      
TOTAL COST OF SALES (excluding depreciation shown below) 106.1 112.4 111.4
Gross Profit:      
TOTAL GROSS PROFIT $ 2.8 $ 25.5 $ 30.5
[1] Earnings per share amounts are calculated discretely and therefore may not add up to the total due to rounding.