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Unaudited Condensed Consolidated Income Statements (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
TOTAL REVENUE$ 3,506.5$ 3,273.9$ 10,153.9$ 9,214.8
TOTAL COST OF SALES2,931.32,728.58,429.17,631.8
TOTAL GROSS PROFIT575.2545.41,724.81,583.0
Selling, general, and administrative expenses411.4402.91,236.71,159.4
Depreciation and amortization20.918.762.757.2
Other expenses (income), net(1.2)2.9(3.1)4.5
OPERATING INCOME144.1120.9428.5361.9
Floorplan interest expense(9.7)(10.8)(31.8)(30.2)
Other interest expense(16.4)(16.1)(48.6)(39.8)
Loss on debt extinguishment000(19.6)
Interest income00.30.60.8
Other losses, net(2.4)(0.7)(0.2)(1.1)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES115.693.6348.5272.0
INCOME TAX PROVISION44.935.1134.2104.8
NET INCOME FROM CONTINUING OPERATIONS70.758.5214.3167.2
Loss from discontinued operations, net of income taxes0(1.6)(2.3)(7.9)
NET INCOME70.756.9212.0159.3
BASIC EARNINGS (LOSS) PER SHARE:    
Continuing operations$ 0.49$ 0.40$ 1.46$ 1.05
Discontinued operations$ 0.00$ (0.01)$ (0.02)$ (0.05)
Net income$ 0.49$ 0.39$ 1.44$ 1.00
Weighted average common shares outstanding144.4147.5146.9160.0
DILUTED EARNINGS (LOSS) PER SHARE:    
Continuing operations$ 0.48$ 0.39$ 1.43$ 1.04
Discontinued operations$ 0.00$ (0.01)$ (0.02)$ (0.05)
Net income$ 0.48$ 0.38$ 1.42$ 0.99
Weighted average common shares outstanding147.0149.6149.5161.4
COMMON SHARES OUTSTANDING, net of treasury stock141.4148.0141.4148.0
New Vehicle [Member]
    
TOTAL REVENUE1,881.61,773.35,413.34,890.4
TOTAL COST OF SALES1,743.41,661.45,013.14,566.7
TOTAL GROSS PROFIT138.2111.9400.2323.7
Used Vehicle [Member]
    
TOTAL REVENUE911.9812.42,630.62,327.7
TOTAL COST OF SALES845.4743.22,407.42,122.7
TOTAL GROSS PROFIT66.569.2223.2205.0
Parts and Service [Member]
    
TOTAL REVENUE578.0564.11,720.01,648.9
TOTAL COST OF SALES336.1318.5988.4927.3
TOTAL GROSS PROFIT241.9245.6731.6721.6
Finance and Insurance, Net [Member]
    
TOTAL REVENUE121.9111.9349.6311.9
TOTAL GROSS PROFIT121.9111.9349.6311.9
Other Goods and Services [Member]
    
TOTAL REVENUE13.112.240.435.9
TOTAL COST OF SALES6.45.420.215.1
TOTAL GROSS PROFIT$ 6.7$ 6.8$ 20.2$ 20.8