XML 106 R59.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Credit Facilities and Long-term Debt - Narrative (Details)
12 Months Ended
Dec. 09, 2019
USD ($)
Jul. 24, 2017
USD ($)
Dec. 31, 2019
USD ($)
financial_institution
finance_companies
Dec. 31, 2018
USD ($)
Debt Instrument [Line Items]        
Floor plan notes payable     $ 425,200,000 $ 324,400,000
Total long-term debt outstanding     $ 1,480,300,000 1,390,100,000
Floor Plan Notes Payable | Maximum        
Debt Instrument [Line Items]        
Interest rate, stated percentage     6.25%  
Line of Credit | Credit Facility        
Debt Instrument [Line Items]        
Total financing commitment $ 2,800,000,000      
Number of financial institutions | financial_institution     19  
Number of manufacturer affiliated finance companies | finance_companies     7  
Higher borrowing capacity option $ 3,200,000,000      
Other debt        
Debt Instrument [Line Items]        
Total long-term debt outstanding     $ 33,600,000 34,200,000
Real Estate Mortgages        
Debt Instrument [Line Items]        
Percent of total mortgage debt that is fixed     72.50%  
Total long-term debt outstanding     $ 597,700,000 592,300,000
Real Estate Mortgages | Minimum        
Debt Instrument [Line Items]        
Interest rate, stated percentage     3.00%  
Real Estate Mortgages | Maximum        
Debt Instrument [Line Items]        
Interest rate, stated percentage     5.30%  
Capital Lease Obligations | Minimum        
Debt Instrument [Line Items]        
Interest rate, stated percentage     2.50%  
Capital Lease Obligations | Maximum        
Debt Instrument [Line Items]        
Interest rate, stated percentage     8.50%  
Senior Notes | 5.250% Senior notes due 2025        
Debt Instrument [Line Items]        
Interest rate, stated percentage   5.25% 5.25%  
Aggregate principal amount   $ 300,000,000.0    
Total long-term debt outstanding     $ 300,000,000.0 300,000,000.0
Redemption percentage price   100.00%    
Percentage of principal amount redeemable   101.00%    
Senior Notes | 4.625% Senior notes due 2027        
Debt Instrument [Line Items]        
Interest rate, stated percentage 4.625%   4.625%  
Aggregate principal amount $ 400,000,000.0      
Total long-term debt outstanding     $ 400,000,000.0 0
Percentage of principal amount redeemable 101.00%      
Senior Notes | Option One | 4.625% Senior notes due 2027        
Debt Instrument [Line Items]        
Redemption percentage price 100.00%      
Senior Notes | Option Two | 4.625% Senior notes due 2027        
Debt Instrument [Line Items]        
Redemption percentage price 40.00%      
Used Vehicle Inventory Financing Facility | Line of Credit        
Debt Instrument [Line Items]        
Annual interest rate (in percent)     3.18%  
Total long-term debt outstanding     $ 149,000,000.0 332,000,000.0
Used Vehicle Inventory Financing Facility | Line of Credit | LIBOR        
Debt Instrument [Line Items]        
Basis spread on variable rate (in percent)     1.40%  
Used Vehicle Inventory Financing Facility | Line of Credit | Credit Facility        
Debt Instrument [Line Items]        
Option to reallocate commitment, maximum aggregate commitment threshold percentage 16.50%      
Revolving Lines of Credit | Line of Credit        
Debt Instrument [Line Items]        
Annual interest rate (in percent)     3.28%  
Total long-term debt outstanding     $ 0 $ 131,600,000
Revolving Lines of Credit | Line of Credit | LIBOR | Minimum        
Debt Instrument [Line Items]        
Basis spread on variable rate (in percent)     1.00%  
Revolving Lines of Credit | Line of Credit | LIBOR | Maximum        
Debt Instrument [Line Items]        
Basis spread on variable rate (in percent)     2.00%  
Revolving Lines of Credit | Line of Credit | Credit Facility        
Debt Instrument [Line Items]        
Option to reallocate commitment, maximum aggregate commitment threshold percentage 18.75%      
Service Loaner Floor Plan | Line of Credit | Credit Facility        
Debt Instrument [Line Items]        
Total financing commitment $ 100,000,000      
New Vehicle Floor Plan | Line of Credit        
Debt Instrument [Line Items]        
Annual interest rate (in percent)     2.88%  
New Vehicle Floor Plan | Line of Credit | LIBOR        
Debt Instrument [Line Items]        
Basis spread on variable rate (in percent)     1.10%  
New Vehicle Floor Plan | Line of Credit | Credit Facility        
Debt Instrument [Line Items]        
Accordion feature, increase limit $ 400,000,000      
Other Lines of Credit        
Debt Instrument [Line Items]        
Total financing commitment     $ 80,000,000.0  
Long-term line of credit     $ 0  
Other Lines of Credit | Maximum        
Debt Instrument [Line Items]        
Annual interest rate (in percent)     7.33%  
Ford Motor Credit Company | Secured Debt        
Debt Instrument [Line Items]        
Total financing commitment     $ 20,000,000.0  
Ford Motor Credit Company | Secured Debt | LIBOR        
Debt Instrument [Line Items]        
Basis spread on variable rate (in percent)     1.50%