Leases (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lease Assets and Lease Liabilities

Leases	Classification	2023		2022
Assets
Operating	Operating Lease Assets	$	392.1	$	323.5
Finance	Property and Equipment, Net and Other Assets	351.1		361.4
Total right-of-use assets		$	743.2	$	684.9
Liabilities
Current
Operating	Other Current Liabilities	$	41.2	$	39.5
Finance	Current Maturities of Long-Term Debt and Vehicle Floorplan Payable - Trade	46.9		39.0
Noncurrent
Operating	Noncurrent Operating Lease Liabilities	363.2		296.9
Finance	Long-Term Debt, Net of Current Maturities	349.6		363.2
Total lease liabilities		$	800.9	$	738.6

Lease Term and Discount Rate	2023		2022
Weighted average remaining lease term
Operating	12 years		11 years
Finance	13 years		14 years
Weighted-average discount rate
Operating	5.71	%	5.25	%
Finance	4.43	%	4.47	%

Net Lease Cost

Lease cost	Classification	2023		2022
Operating lease cost	Selling, general, and administrative expenses	$	62.3	$	56.0
Finance lease cost:
Amortization of ROU assets	Depreciation and amortization	24.6		20.9
Interest on lease liabilities	Other interest expense and floorplan interest expense	17.8		13.3
Short-term lease cost (1)	Selling, general, and administrative expenses	11.3		10.6
Variable lease cost	Selling, general, and administrative expenses	12.0		10.5
Sublease income	Selling, general, and administrative expenses	(3.6)		(3.6)
Net lease cost		$	124.4	$	107.7
(1) Includes leases with a term of one month or less.

Cash Flow Information, Lessee

Other Information	2023		2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	61.4	$	56.8
Operating cash flows from finance leases (1)	$	63.7	$	36.2
Financing cash flows from finance leases	$	12.3	$	11.3
Supplemental noncash information on adjustments to right-of-use assets, including right-of-use assets obtained in exchange for new:
Operating lease liabilities	$	111.7	$	78.7
Finance lease liabilities	$	54.7	$	90.8
(1) Includes the interest component of payments made on finance leases as well as principal payments on vehicle floorplan payables with trade lenders for certain service loaner vehicle leases.

Maturity of Lease Liabilities

Maturity of Lease Liabilities	Operating Leases		Finance Leases
Year ending December 31,
2024	$	58.1	$	59.8
2025	58.0		83.0
2026	53.4		24.1
2027	50.6		25.3
2028	47.3		25.0
Thereafter	304.5		284.1
Total lease payments	571.9		501.3
Less: interest	(167.5)		(104.8)
Present value of lease liabilities	$	404.4	$	396.5

Maturity of Lease Liabilities

Maturity of Lease Liabilities	Operating Leases		Finance Leases
Year ending December 31,
2024	$	58.1	$	59.8
2025	58.0		83.0
2026	53.4		24.1
2027	50.6		25.3
2028	47.3		25.0
Thereafter	304.5		284.1
Total lease payments	571.9		501.3
Less: interest	(167.5)		(104.8)
Present value of lease liabilities	$	404.4	$	396.5