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Segment Information
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Segment Information
SEGMENT INFORMATION
At September 30, 2017 and 2016, we had three reportable segments: (1) Domestic, (2) Import, and (3) Premium Luxury. Our Domestic segment is comprised of retail automotive franchises that sell new vehicles manufactured by Ford, General Motors, and FCA US. Our Import segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda, and Nissan. Our Premium Luxury segment is comprised of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW, Lexus, and Audi. The franchises in each segment also sell used vehicles, parts and automotive repair and maintenance services, and automotive finance and insurance products.
“Corporate and other” is comprised of our other businesses, including collision centers, auction operations, and AutoNation USA stand-alone used vehicle sales and service centers, all of which generate revenues but do not meet the quantitative thresholds for determining reportable segments, as well as unallocated corporate overhead expenses and retrospective commissions for certain finance and insurance transactions that we arrange under agreements with third parties.
The reportable segments identified above are the business activities of the Company for which discrete financial information is available and for which operating results are regularly reviewed by our chief operating decision maker to allocate resources and assess performance. Our chief operating decision maker is our Chief Executive Officer.
In the following tables of financial data, revenue and segment income of our reportable segments are reconciled to consolidated revenue and consolidated income from continuing operations before income taxes, respectively.
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
Revenue:
 
 
 
 
 
 
 
Domestic
$
1,912.4

 
$
2,044.9

 
$
5,557.7

 
$
5,888.2

Import
1,789.7

 
1,779.0

 
5,123.5

 
5,202.1

Premium Luxury
1,634.3

 
1,680.6

 
4,894.9

 
4,865.6

Total
5,336.4

 
5,504.5

 
15,576.1

 
15,955.9

Corporate and other
96.0

 
63.0

 
275.0

 
172.6

Total consolidated revenue
$
5,432.4

 
$
5,567.5

 
$
15,851.1

 
$
16,128.5



 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
Segment income(1):
 
 
 
 
 
 
 
Domestic
$
69.0

 
$
83.9

 
$
190.5

 
$
246.9

Import
81.0

 
79.3

 
227.9

 
230.0

Premium Luxury
78.8

 
80.9

 
243.3

 
256.8

Total
228.8

 
244.1

 
661.7

 
733.7

Corporate and other
(42.7
)
 
(43.3
)
 
(118.3
)
 
(137.2
)
Other interest expense
(30.0
)
 
(28.9
)
 
(88.0
)
 
(85.9
)
Interest income
0.2

 
0.3

 
0.8

 
0.8

Other income, net
1.6

 
2.6

 
6.4

 
3.4

Income from continuing operations before income taxes
$
157.9

 
$
174.8

 
$
462.6

 
$
514.8

(1) Segment income represents income for each of our reportable segments and is defined as operating income less floorplan interest expense.