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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and cash equivalents $ 53.3 $ 64.8
Receivables, net 901.0 1,032.9
Inventory 3,408.6 3,520.1
Other current assets 87.2 97.0
Total Current Assets 4,450.1 4,714.8
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1.2 billion and $1.1 billion, respectively 2,949.2 2,843.2
GOODWILL 1,529.8 1,511.3
OTHER INTANGIBLE ASSETS, NET 616.3 598.2
OTHER ASSETS 409.4 392.5
Total Assets 9,954.8 10,060.0
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 3,630.5 3,849.2
Accounts payable 276.6 303.7
Commercial paper 995.0 942.0
Current maturities of long-term debt 566.9 167.5
Other current liabilities 659.1 566.8
Total Current Liabilities 6,128.1 5,829.2
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,295.7 1,611.1
DEFERRED INCOME TAXES 99.2 91.5
OTHER LIABILITIES 231.3 217.9
COMMITMENTS AND CONTINGENCIES (Note 12)
SHAREHOLDERS’ EQUITY:    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized; none issued 0.0 0.0
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 120,562,149 shares issued at September 30, 2017, and December 31, 2016, including shares held in treasury 1.2 1.2
Additional paid-in capital 30.2 18.2
Retained earnings 3,416.5 3,133.3
Treasury stock, at cost; 29,317,911 and 19,909,940 shares held, respectively (1,247.4) (842.4)
Total Shareholders’ Equity 2,200.5 2,310.3
Total Liabilities and Shareholders’ Equity 9,954.8 10,060.0
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,069.3 2,308.8
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,561.2 $ 1,540.4