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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 42.0 $ 48.6
Receivables, net 916.7 976.2
Inventory 3,305.8 3,650.5
Other current assets 146.6 208.7
Total Current Assets 4,411.1 4,884.0
PROPERTY AND EQUIPMENT, NET 3,174.6 3,155.3
OPERATING LEASE ASSETS 333.1 0.0
GOODWILL [1] 1,501.9 1,513.2
OTHER INTANGIBLE ASSETS, NET 581.6 595.4
OTHER ASSETS 541.0 517.2
Total Assets 10,543.3 10,665.1
CURRENT LIABILITIES:    
Vehicle floorplan payable 3,575.8 3,997.7
Accounts payable 290.3 306.2
Commercial paper 170.0 630.0
Current maturities of long-term debt 355.6 44.3
Other current liabilities 708.5 679.9
Total Current Liabilities 5,100.2 5,658.1
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,578.5 1,926.2
NONCURRENT OPERATING LEASE LIABILITIES 305.0 0.0
DEFERRED INCOME TAXES 135.1 89.8
OTHER LIABILITIES 262.4 275.0
COMMITMENTS AND CONTINGENCIES (Note 19)
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; 102,562,149 shares issued at December 31, 2019, and December 31, 2018, including shares held in treasury 1.0 1.0
Additional paid-in capital 35.9 20.8
Retained earnings 3,688.3 3,238.3
Treasury stock, at cost; 13,212,974 and 12,540,065 shares held, respectively (563.1) (544.1)
Total Shareholders' Equity 3,162.1 2,716.0
Total Liabilities and Shareholders' Equity 10,543.3 10,665.1
Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable 2,120.6 2,388.0
Non-Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable $ 1,455.2 $ 1,609.7
[1] Net of accumulated impairment losses of $1.47 billion associated with our single reporting unit (prior to September 30, 2008, our reporting unit structure was comprised of a single reporting unit) and $140.0 million associated with our Domestic reporting unit, both of which were recorded during the year ended December 31, 2008.