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Business Combinations
 6 Months Ended
Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Business Combinations Business CombinationsDuring the six months ended June 30, 2022, we acquired TEAM Truck Centres, a retailer of heavy- and medium-duty Freightliner and Western Star commercial trucks located in Ontario, Canada representing four full-service dealerships. We also acquired ten retail automotive franchises, consisting of six franchises in the U.K. and four franchises in the U.S. During the six months ended June 30, 2021, we acquired one retail automotive franchise in the U.S. We also acquired Kansas City Freightliner (“KCFL”), adding four full-service dealerships, four parts and service centers, and two collision centers to PTG’s existing operations. Our financial statements include the results of operations of the acquired entity from the date of acquisition. The fair value of the assets acquired and liabilities assumed have been recorded in our consolidated condensed financial statements and may be subject to adjustment pending completion of final valuation. The following table summarizes the aggregate consideration paid and the aggregate amounts of the assets acquired and liabilities assumed for the six months ended June 30, 2022:
June 30,
20222021
Accounts receivable$8.3 $— 
Inventories71.5 37.0 
Other current assets3.2 0.1 
Property and equipment43.3 62.8 
Indefinite-lived intangibles120.9 184.7 
Other noncurrent assets— — 
Current liabilities(11.3)(2.8)
Noncurrent liabilities(10.0)(3.8)
Total cash used in acquisitions$225.9 $278.0 
Our following unaudited consolidated pro forma results of operations for the three and six months ended June 30, 2022 and 2021 give effect to acquisitions consummated during 2022 and 2021 as if they had occurred effective at the beginning of the periods:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Revenues$6,917.6 $7,323.9 $14,046.9 $13,519.9 
Income from continuing operations374.4 347.2 745.8 539.9 
Net income374.4 347.2 745.8 540.0 
Income from continuing operations per diluted common share$4.94 $4.30 $9.75 $6.69 
Net income per diluted common share$4.94 $4.30 $9.75 $6.69