DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

The ranges of estimated useful lives are as follows (in years):



Buildings and improvements	10-40
Machinery and equipment	5-10
Furniture and fixtures	3-10
Company vehicles	3-5

Property and equipment, net consisted of the following:



	As of December 31,
	2019			2018
	(In millions)
Land	$	343.8		$	330.4
Buildings and leasehold improvements	622.9			617.5
Machinery and equipment	99.8			94.8
Furniture and fixtures	63.9			62.2
Company vehicles	8.1			8.8
Construction in progress	42.4			30.1
Gross property and equipment	1,180.9			1,143.8
Less—Accumulated depreciation	(271.2		)	(257.7		)
Property and equipment, net (a)	$	909.7		$	886.1

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(a) Amounts reflected for Property and equipment, net as of December 31, 2019 and 2018, excluded $69.0 million and $26.3 million, respectively classified as Assets held for sale. In addition, Property and equipment, net as of December 31, 2019 and 2018 included finance and capital leases of $14.6 million and $2.3 million, respectively.

Schedule of Revenue by Major Brand

For the year ended December 31, 2019, manufacturers representing 5% or more of our revenues from new vehicle sales were as follows:



Manufacturer (Vehicle Brands):	% of Total New Vehicle Revenues
American Honda Motor Co., Inc. (Honda and Acura)	22	%
Toyota Motor Sales, U.S.A., Inc. (Toyota and Lexus)	20	%
Nissan North America, Inc. (Nissan and Infiniti)	11	%
Ford Motor Company (Ford and Lincoln)	10	%
Mercedes-Benz USA, LLC (Mercedes-Benz, smart and Sprinter)	7	%
BMW of North America, LLC (BMW and Mini)	6	%