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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and cash equivalents $ 72.0 $ 569.6
Receivables, net 628.1 845.2
Inventory 1,496.6 2,598.5
Other current assets 177.7 139.4
Total Current Assets 2,374.4 4,152.7
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1.7 billion and $1.7 billion, respectively 3,218.5 3,138.1
OPERATING LEASE ASSETS 286.0 309.5
GOODWILL 1,224.0 1,185.0
OTHER INTANGIBLE ASSETS, NET 587.1 521.5
OTHER ASSETS 450.7 580.4
Total Assets 8,140.7 9,887.2
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 1,248.4 2,759.9
Accounts payable 354.2 335.2
Current maturities of long-term debt 7.2 309.2
Accrued payroll and benefits 263.7 225.8
Other current liabilities 553.7 535.8
Total Current Liabilities 2,427.2 4,165.9
LONG-TERM DEBT, NET OF CURRENT MATURITIES 2,673.1 1,792.6
NONCURRENT OPERATING LEASE LIABILITIES 261.9 286.5
DEFERRED INCOME TAXES 80.8 95.9
OTHER LIABILITIES 341.2 310.6
COMMITMENTS AND CONTINGENCIES (Note 13)
SHAREHOLDERS’ EQUITY:    
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 86,562,149 shares issued at September 30, 2021, and 102,562,149 shares issued at December 31, 2020, including shares held in treasury 0.8 1.0
Additional paid-in capital 1.6 53.1
Retained earnings 4,258.1 4,069.4
Treasury stock, at cost; 21,024,005 and 19,078,620 shares held, respectively (1,904.0) (887.8)
Total Shareholders’ Equity 2,356.5 3,235.7
Total Liabilities and Shareholders’ Equity 8,140.7 9,887.2
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 466.4 1,541.7
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 782.0 $ 1,218.2