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Unaudited Condensed Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Document Fiscal Year Focus     2020  
TOTAL REVENUE $ 5,404.9 $ 5,461.2 $ 14,604.9 $ 15,786.8
TOTAL COST OF SALES (excluding depreciation shown below) 4,433.4 4,573.8 12,025.2 13,159.4
TOTAL GROSS PROFIT 971.5 887.4 2,579.7 2,627.4
Selling, general, and administrative expenses 641.4 653.8 1,790.0 1,913.8
Depreciation and amortization 51.8 45.2 149.0 133.7
Goodwill impairment 0.0 0.0 318.3 0.0
Franchise rights impairment 0.0 0.0 57.5 9.6
Other (income) expense, net 6.6 (5.1) 11.1 (17.5)
OPERATING INCOME 271.7 193.5 253.8 587.8
Non-operating income (expense) items:        
Floorplan interest expense (11.1) (33.0) (52.9) (109.4)
Other interest expense (23.6) (26.1) (70.3) (81.6)
Interest income 0.1 0.1 0.3 0.4
Other income, net 6.4 2.6 217.9 4.2
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 243.5 137.1 348.8 401.4
Income tax provision 60.9 37.1 118.5 108.3
NET INCOME FROM CONTINUING OPERATIONS 182.6 100.0 230.3 293.1
Loss from discontinued operations, net of income taxes 0.0 (0.5) (0.2) (0.8)
NET INCOME $ 182.6 $ 99.5 $ 230.1 $ 292.3
BASIC EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ 2.07 $ 1.11 $ 2.59 $ 3.25
Discontinued operations (in dollars per share) 0 (0.01) 0 (0.01)
Net income (in dollars per share) $ 2.07 $ 1.11 $ 2.59 $ 3.24
Weighted average common shares outstanding (in shares) 88.3 89.9 88.8 90.1
DILUTED EARNINGS (LOSS) PER SHARE:        
Continuing operations (in dollars per share) $ 2.05 $ 1.11 $ 2.59 $ 3.24
Discontinued operations (in dollars per share) 0 (0.01) 0 (0.01)
Net income (in dollars per share) $ 2.05 $ 1.10 $ 2.59 $ 3.23
Weighted average common shares outstanding (in shares) 88.9 90.4 89.0 90.4
COMMON SHARES OUTSTANDING, net of treasury stock, at period end (in shares) 87.8 89.2 87.8 89.2
New Vehicle [Member]        
TOTAL REVENUE $ 2,748.4 $ 2,874.8 $ 7,291.6 $ 8,141.1
TOTAL COST OF SALES (excluding depreciation shown below) 2,581.2 2,755.9 6,908.4 7,774.8
TOTAL GROSS PROFIT 167.2 118.9 383.2 366.3
Used Vehicle [Member]        
TOTAL REVENUE 1,516.9 1,402.9 4,090.1 4,121.9
TOTAL COST OF SALES (excluding depreciation shown below) 1,370.0 1,310.6 3,735.2 3,842.3
TOTAL GROSS PROFIT 146.9 92.3 354.9 279.6
Parts and Service [Member]        
TOTAL REVENUE 852.8 902.6 2,419.0 2,680.8
TOTAL COST OF SALES (excluding depreciation shown below) 477.6 493.6 1,343.6 1,461.0
TOTAL GROSS PROFIT 375.2 409.0 1,075.4 1,219.8
Finance and Insurance, Net [Member]        
TOTAL REVENUE 281.2 266.2 763.4 757.9
TOTAL GROSS PROFIT 281.2 266.2 763.4 757.9
Product and Service, Other [Member]        
TOTAL REVENUE 5.6 14.7 40.8 85.1
TOTAL COST OF SALES (excluding depreciation shown below) 4.6 13.7 38.0 81.3
TOTAL GROSS PROFIT $ 1.0 $ 1.0 $ 2.8 $ 3.8