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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 58.6 $ 59.8
Receivables, net of allowance for credit losses of $3.3 million and $3.3 million, respectively 948.4 1,066.3
Inventory 3,404.9 3,360.0
Other current assets 235.8 211.9
Total Current Assets 4,647.7 4,698.0
AUTO LOANS RECEIVABLE, net of allowance for credit losses of $95.4 million and $54.8 million, respectively 2,140.2 1,057.1
PROPERTY AND EQUIPMENT, NET 3,956.2 3,791.9
OPERATING LEASE ASSETS 456.4 391.1
GOODWILL 1,409.3 1,452.9
OTHER INTANGIBLE ASSETS, NET 1,028.9 905.9
OTHER ASSETS 753.5 704.8
Total Assets 14,392.2 13,001.7
CURRENT LIABILITIES:    
Vehicle floorplan payable 3,828.3 3,709.7
Accounts payable 369.9 376.6
Commercial paper 200.0 630.0
Current maturities of long-term debt 74.7 518.5
Current portion of non-recourse debt 63.8 28.3
Other current liabilities 1,003.9 1,049.1
Total Current Liabilities 5,540.6 6,312.2
LONG-TERM DEBT, NET OF CURRENT MATURITIES 3,704.8 2,613.6
NON-RECOURSE DEBT, NET OF CURRENT PORTION 1,880.8 797.7
NONCURRENT OPERATING LEASE LIABILITIES 431.8 356.9
DEFERRED INCOME TAXES 94.1 83.1
OTHER LIABILITIES 399.0 380.9
COMMITMENTS AND CONTINGENCIES (Note 20)
SHAREHOLDERS' EQUITY:    
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 63,562,149 shares issued at December 31, 2025, and 63,562,149 shares issued at December 31, 2024, including shares held in treasury 0.6 0.6
Additional paid-in capital 32.0 20.3
Retained earnings 5,976.1 5,331.8
Treasury stock, at cost; 28,362,366 and 24,527,869 shares held, respectively (3,667.6) (2,895.4)
Total Shareholders’ Equity 2,341.1 2,457.3
Total Liabilities and Shareholders’ Equity 14,392.2 13,001.7
Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable 2,200.6 2,216.2
Non-Trade [Member]    
CURRENT LIABILITIES:    
Vehicle floorplan payable $ 1,627.7 $ 1,493.5