Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 19.2	$ 23.8
Contracts-in-transit and vehicle receivables, net	115.5	253.8
Accounts and notes receivable, net	177.1	225.1
Inventories, net	1,992.6	1,901.7
Prepaid expenses	82.6	96.4
Other current assets	12.3	15.5
TOTAL CURRENT ASSETS	2,399.3	2,516.3
Property and equipment, net of accumulated depreciation of $405.7 and $400.2, respectively	1,549.0	1,547.1
Operating lease assets	218.7	220.1
Goodwill	999.8	1,008.3
Intangible franchise rights	251.7	253.5
Other long-term assets	22.5	24.8
TOTAL ASSETS	5,441.1	5,570.2
CURRENT LIABILITIES:
Floorplan notes payable — credit facility and other, net of offset account of $82.6 and $106.8, respectively	1,168.6	1,144.4
Floorplan notes payable — manufacturer affiliates, net of offset account of $0.2 and $4.1, respectively	484.9	459.9
Current maturities of long-term debt	354.7	59.1
Current operating lease liabilities	24.4	24.6
Accounts payable	410.7	527.5
Accrued expenses and other current liabilities	197.1	206.7
TOTAL CURRENT LIABILITIES	2,640.4	2,422.3
Long-term debt	1,137.7	1,432.1
Long-term operating lease liabilities	208.9	210.7
Deferred income taxes	135.8	145.7
Other long-term liabilities	102.0	99.2
Commitments and Contingencies (Note 12)
STOCKHOLDERS’ EQUITY:
Common stock, $0.01 par value, 50,000,000 shares authorized; 25,448,274 and 25,486,711 shares issued, respectively	0.3	0.3
Additional paid-in capital	287.8	295.3
Retained earnings	1,566.7	1,542.4
Accumulated other comprehensive income (loss)	(206.0)	(147.0)
Treasury stock, at cost; 7,272,601 and 6,858,503 shares, respectively	(474.1)	(435.3)
TOTAL STOCKHOLDERS’ EQUITY	1,174.6	1,255.7
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 5,441.1	$ 5,570.2