2024 Q1 Form 10-K Financial Statement

#000102312824000032 Filed on February 23, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023 Q3
Revenue $8.562B $7.674B $8.277B
YoY Change 22.77% 10.48% 13.45%
Cost Of Revenue $7.227B $6.416B $6.906B
YoY Change 24.96% 11.74% 15.45%
Gross Profit $1.335B $1.259B $1.371B
YoY Change 12.14% 4.45% 4.34%
Gross Profit Margin 15.59% 16.4% 16.57%
Selling, General & Admin $934.3M $853.6M $850.8M
YoY Change 23.6% 6.9% 19.04%
% of Gross Profit 69.97% 67.82% 62.04%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.90M $49.40M $54.90M
YoY Change 60.47% -2.37% 31.03%
% of Gross Profit 5.68% 3.92% 4.0%
Operating Expenses $934.3M $903.0M $850.8M
YoY Change 16.32% 7.55% 12.45%
Operating Profit $341.4M $355.7M $465.3M
YoY Change -11.9% -2.68% -16.55%
Interest Expense -$124.8M -$109.9M -$98.00M
YoY Change 85.71% 168.05% 61.72%
% of Operating Profit -36.56% -30.9% -21.06%
Other Income/Expense, Net $3.500M $17.10M -$5.300M
YoY Change 40.0% 4175.0% -22.06%
Pretax Income $220.6M $279.7M $361.3M
YoY Change -29.81% -16.78% -20.72%
Income Tax $55.60M $63.50M $96.40M
% Of Pretax Income 25.2% 22.7% 26.68%
Net Earnings $162.6M $213.5M $261.5M
YoY Change -28.9% -13.77% -20.66%
Net Earnings / Revenue 1.9% 2.78% 3.16%
Basic Earnings Per Share $5.90 $9.49
Diluted Earnings Per Share $5.89 $7.74 $9.46
COMMON SHARES
Basic Shares Outstanding 27.53M shares 27.52M shares 27.56M shares
Diluted Shares Outstanding 27.60M shares 27.60M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $264.4M $825.0M $256.0M
YoY Change -11.69% 234.41% 9.87%
Cash & Equivalents $264.4M $972.0M $286.7M
Short-Term Investments
Other Short-Term Assets $217.4M $136.8M $158.2M
YoY Change 45.32% -15.4% 16.84%
Inventory $5.862B $4.754B $4.405B
Prepaid Expenses
Receivables $1.249B $1.123B $999.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.733B $6.955B $5.818B
YoY Change 50.23% 50.19% 24.14%
LONG-TERM ASSETS
Property, Plant & Equipment $5.255B $4.460B $4.420B
YoY Change 25.31% 12.73% 27.27%
Goodwill $2.082B $1.931B $1.726B
YoY Change 37.3% 32.17% 17.94%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.159B $642.0M $1.056B
YoY Change 10.41% -29.81% -59.14%
Total Long-Term Assets $14.45B $12.68B $12.45B
YoY Change 28.15% 22.18% 32.64%
TOTAL ASSETS
Total Short-Term Assets $7.733B $6.955B $5.818B
Total Long-Term Assets $14.45B $12.68B $12.45B
Total Assets $22.18B $19.63B $18.27B
YoY Change 35.07% 30.83% 29.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $327.6M $288.0M $307.3M
YoY Change 2.38% 11.46% 27.35%
Accrued Expenses $1.177B $899.1M $872.2M
YoY Change 33.5% 14.87% 7.81%
Deferred Revenue
YoY Change
Short-Term Debt $4.962B $3.636B $3.125B
YoY Change 86.25% 71.76% 87.92%
Long-Term Debt Due $124.8M $109.6M $71.00M
YoY Change 52.01% 434.63% -37.39%
Total Short-Term Liabilities $6.592B $4.932B $4.375B
YoY Change 66.96% 55.19% 54.79%
LONG-TERM LIABILITIES
Long-Term Debt $7.466B $7.155B $6.589B
YoY Change 27.73% 29.85% 26.17%
Other Long-Term Liabilities $277.4M $220.7M $243.3M
YoY Change 42.92% 6.52% -75.61%
Total Long-Term Liabilities $277.4M $220.7M $243.3M
YoY Change 42.92% 6.52% -96.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $6.592B $4.932B $4.375B
Total Long-Term Liabilities $277.4M $220.7M $243.3M
Total Liabilities $15.76B $13.35B $12.20B
YoY Change 44.05% 36.84% 34.89%
SHAREHOLDERS EQUITY
Retained Earnings $5.162B $5.013B $4.814B
YoY Change 20.54% 23.32% 25.71%
Common Stock $1.186B $1.181B $1.198B
YoY Change 2.23% 1.86% 1.83%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.351B $6.214B $5.996B
YoY Change
Total Liabilities & Shareholders Equity $22.18B $19.63B $18.27B
YoY Change 35.07% 30.83% 29.81%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $162.6M $213.5M $261.5M
YoY Change -28.9% -13.77% -20.66%
Depreciation, Depletion And Amortization $75.90M $49.40M $54.90M
YoY Change 60.47% -2.37% 31.03%
Cash From Operating Activities $292.4M -$295.2M $121.5M
YoY Change -696.73% 218.79% -147.76%
INVESTING ACTIVITIES
Capital Expenditures $79.60M $66.50M $66.60M
YoY Change 104.63% -28.72% -190.98%
Acquisitions $1.074B
YoY Change 177.34%
Other Investing Activities -$1.186B $36.50M -$173.5M
YoY Change 216.35% -116.65% 7.5%
Cash From Investing Activities -$1.266B -$30.00M -$240.1M
YoY Change 205.85% -90.4% 2.34%
FINANCING ACTIVITIES
Cash Dividend Paid $13.80M
YoY Change 20.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $445.0M 982.8M 178.5M
YoY Change -12.73% 125.46% -70.99%
NET CHANGE
Cash From Operating Activities $292.4M -295.2M 121.5M
Cash From Investing Activities -$1.266B -30.00M -240.1M
Cash From Financing Activities $445.0M 982.8M 178.5M
Net Change In Cash -$531.5M 657.6M 59.90M
YoY Change -1099.06% 2035.06% -52.61%
FREE CASH FLOW
Cash From Operating Activities $292.4M -$295.2M $121.5M
Capital Expenditures $79.60M $66.50M $66.60M
Free Cash Flow $212.8M -$361.7M $54.90M
YoY Change -342.09% 94.57% -130.3%

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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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700500000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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93000000.0 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
16000000.0 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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271500000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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178500000 usd
CY2023Q4 us-gaap Cash
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CY2022Q4 us-gaap Cash
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CY2021Q4 us-gaap Cash
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CY2023Q4 lad Restricted Cash From Collections On Loans Receivable
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CY2022Q4 lad Restricted Cash From Collections On Loans Receivable
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CY2021Q4 lad Restricted Cash From Collections On Loans Receivable
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CY2023Q4 lad Cash And Restricted Cash
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CY2022Q4 lad Cash And Restricted Cash
CashAndRestrictedCash
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CY2021Q4 lad Cash And Restricted Cash
CashAndRestrictedCash
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CY2023Q4 lad Restricted Cash On Deposit In Reserve Accounts
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CY2022Q4 lad Restricted Cash On Deposit In Reserve Accounts
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CY2021Q4 lad Restricted Cash On Deposit In Reserve Accounts
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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972000000.0 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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271500000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
178500000 usd
CY2023 us-gaap Interest Paid Net
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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130100000 usd
CY2023 us-gaap Income Taxes Paid
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CY2022 us-gaap Income Taxes Paid
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CY2021 us-gaap Income Taxes Paid
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CY2023 lad Cash Paid For Repayments Of Debt Due To Disposal Group
CashPaidForRepaymentsOfDebtDueToDisposalGroup
27400000 usd
CY2022 lad Cash Paid For Repayments Of Debt Due To Disposal Group
CashPaidForRepaymentsOfDebtDueToDisposalGroup
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CY2021 lad Cash Paid For Repayments Of Debt Due To Disposal Group
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CY2023 us-gaap Notes Issued1
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CY2022 us-gaap Notes Issued1
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CY2021 us-gaap Notes Issued1
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CY2023 lad Contingent Consideration In Connection With Acquisitions Noncash Activity
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CY2022 lad Contingent Consideration In Connection With Acquisitions Noncash Activity
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CY2021 lad Contingent Consideration In Connection With Acquisitions Noncash Activity
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CY2023 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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CY2022 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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CY2021 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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CY2023 lad Acquisition Of Finance Leases In Connection With Acquisitions Noncash Activities
AcquisitionOfFinanceLeasesInConnectionWithAcquisitionsNoncashActivities
45000000.0 usd
CY2022 lad Acquisition Of Finance Leases In Connection With Acquisitions Noncash Activities
AcquisitionOfFinanceLeasesInConnectionWithAcquisitionsNoncashActivities
78200000 usd
CY2021 lad Acquisition Of Finance Leases In Connection With Acquisitions Noncash Activities
AcquisitionOfFinanceLeasesInConnectionWithAcquisitionsNoncashActivities
0 usd
CY2023 lad Non Controlling Interest Recognized In Connection With Acquisitions Non Cash Activities
NonControllingInterestRecognizedInConnectionWithAcquisitionsNonCashActivities
21100000 usd
CY2022 lad Non Controlling Interest Recognized In Connection With Acquisitions Non Cash Activities
NonControllingInterestRecognizedInConnectionWithAcquisitionsNonCashActivities
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CY2021 lad Non Controlling Interest Recognized In Connection With Acquisitions Non Cash Activities
NonControllingInterestRecognizedInConnectionWithAcquisitionsNonCashActivities
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CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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150000000.0 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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44700000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2023Q4 us-gaap Number Of Stores
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344 store
CY2023Q4 lad Number Of New Vehicle Brands
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47 brand
CY2023 lad Accounts Receivable Threshold To Bear Interest Period
AccountsReceivableThresholdToBearInterestPeriod
P60D
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
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106400000 usd
CY2023Q4 us-gaap Financing Receivable Threshold Period Past Due
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P120D
CY2023 us-gaap Interest Costs Capitalized
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CY2022 us-gaap Interest Costs Capitalized
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CY2021 us-gaap Interest Costs Capitalized
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CY2022 lad Advertising Expense Gross
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CY2021 lad Advertising Expense Gross
AdvertisingExpenseGross
197800000 usd
CY2023 us-gaap Cooperative Advertising Amount
CooperativeAdvertisingAmount
54200000 usd
CY2022 us-gaap Cooperative Advertising Amount
CooperativeAdvertisingAmount
46300000 usd
CY2023Q4 lad Floor Plan Notes Payable Non Trade
FloorPlanNotesPayableNonTrade
2288500000 usd
CY2023 lad Advertising Expense Gross
AdvertisingExpenseGross
302400000 usd
CY2021 us-gaap Cooperative Advertising Amount
CooperativeAdvertisingAmount
35600000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
248200000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
253600000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
162200000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Concentration of Risk and Uncertainties</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We purchase substantially all of our new vehicles and inventory from various manufacturers at the prevailing prices charged by auto manufacturers to all franchised dealers. Our overall sales could be impacted by the auto manufacturers’ inability or unwillingness to supply dealerships with an adequate supply of popular models.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We depend on our manufacturers to provide a supply of vehicles which supports expected sales levels. In the event that manufacturers are unable to supply the needed level of vehicles, our financial performance may be adversely impacted. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We depend on our manufacturers to deliver high-quality, defect-free vehicles. In the event that manufacturers experience future quality issues, our financial performance may be adversely impacted. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to a concentration of risk in the event of financial distress, including potential reorganization or bankruptcy, of a major vehicle manufacturer. Our sales volume could be materially adversely impacted by the manufacturers’ or distributors’ inability to supply the stores with an adequate supply of vehicles. We also receive incentives and rebates from our manufacturers, including cash allowances, financing programs, discounts, holdbacks and other incentives. These incentives are recorded as accounts receivable in our Consolidated Balance Sheets until payment is received. Our financial condition could be materially adversely impacted by the manufacturers’ or distributors’ inability to continue to offer these incentives and rebates at substantially similar terms, or to pay our outstanding receivables. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We enter into franchise agreements with the manufacturers. The franchise agreements generally limit the location of the dealership and provide the auto manufacturer approval rights over changes in dealership management and ownership. The auto manufacturers are also entitled to terminate the franchise agreement if the dealership is in material breach of the terms. Our ability to expand operations depends, in part, on obtaining consents of the manufacturers for the acquisition of additional dealerships. See also “Goodwill” and “Franchise Value” above. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have a variety of syndicated credit facilities with several of the included financial institutions also providing vehicle financing for certain new vehicles, vehicles that are designated for use as service loaners and mortgage financing. These credit facilities are the primary source of floor plan financing for our new vehicle inventory and also </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">provides used vehicle financing and a revolving line of credit. The terms of the facilities extends through various dates through April 2026. At maturity, our financial condition could be materially adversely impacted if lenders are unable to provide credit that has typically been extended to us or with terms unacceptable to us. Our financial condition could be materially adversely impacted if these providers incur losses in the future or undergo funding limitations. See Note 9 – Credit Facilities and Long-Term Debt.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We anticipate continued organic growth and growth through acquisitions. This growth will require additional credit which may be unavailable or with terms unacceptable to us. If these events were to occur, we may not be able to borrow sufficient funds to facilitate our growth.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#00497f;font-family:'Arial',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and related notes to financial statements. Changes in such estimates may affect amounts reported in future periods. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Estimates are used in the calculation of certain reserves maintained for charge-backs on estimated cancellations of service contracts; life, accident and disability insurance policies; finance fees from customer financing contracts and uncollectible accounts receivable.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Estimates are also used in our allowance for loan and lease losses, which represents the net credit losses expected over the remaining contractual life of our finance receivables. Because net loss performance can vary substantially over time, estimating net losses requires assumptions about matters that are uncertain. The allowance for loan and lease losses is determined using a net loss timing curve, primarily based on the composition of the portfolio of managed receivables and historical gross loss and recovery trends. Determining the appropriateness of the allowance for loan and lease losses requires management to exercise judgement about matters that are inherently uncertain, including the timing and distribution of net losses that could materially affect the allowance or loan and lease losses and, therefore, net earnings.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We also use estimates in the calculation of various expenses, accruals and reserves, including anticipated losses related to workers’ compensation insurance; anticipated losses related to self-insurance components of our property and casualty and medical insurance; self-insured lifetime lube, oil and filter service contracts; discretionary employee bonuses, the Transition Agreement with Sidney B. DeBoer, our Chairman of the Board; warranties provided on certain products and services; legal reserves and share-based compensation. We also make certain estimates regarding the assessment of the recoverability of long-lived assets, indefinite-lived intangible assets and deferred tax assets.</span></div>We offer a limited warranty on the sale of most retail used vehicles. This warranty is based on mileage and time. We also offer a mileage and time based warranty on parts used in our service repair work and on tire purchases. The cost that may be incurred for these warranties is estimated at the time the related revenue is recorded. A reserve for these warranty liabilities is estimated based on current sales levels, warranty experience rates and estimated costs per claim. The annual activity for reserve increases and claims is immaterial.
CY2023 lad Revenue From Contract With Customer Return Policy Period
RevenueFromContractWithCustomerReturnPolicyPeriod
P30D
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
317000000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
284300000 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
55200000 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
44600000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
11800000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
12500000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1130200000 usd
CY2022Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
816200000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
7100000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
3100000 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1123100000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
813100000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
4753900000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
3409400000 usd
CY2022Q4 lad Floor Plan Notes Payable Non Trade
FloorPlanNotesPayableNonTrade
1489400000 usd
CY2023Q4 lad Floor Plan Notes Payable
FloorPlanNotesPayable
1347000000 usd
CY2022Q4 lad Floor Plan Notes Payable
FloorPlanNotesPayable
627200000 usd
CY2023Q4 lad Floor Plan Debt
FloorPlanDebt
3635500000 usd
CY2022Q4 lad Floor Plan Debt
FloorPlanDebt
2116600000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
4520900000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
4013800000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
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CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
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526800000 usd
CY2023Q4 lad Property Plant And Equipment And Finance Lease Right Of Use Asset Net Before Construction In Progress
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetNetBeforeConstructionInProgress
3874200000 usd
CY2022Q4 lad Property Plant And Equipment And Finance Lease Right Of Use Asset Net Before Construction In Progress
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetNetBeforeConstructionInProgress
3487000000 usd
CY2023Q4 us-gaap Construction In Progress Gross
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107200000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
87600000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3981400000 usd
CY2022Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
3574600000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
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0 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Noncurrent
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3348700000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Noncurrent
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2256900000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
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106400000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
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69300000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Noncurrent
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3242300000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss Noncurrent
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2187600000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Noncurrent
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3348700000 usd
CY2022Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Noncurrent
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2256900000 usd
CY2023Q4 us-gaap Financing Receivable Threshold Period Past Due
FinancingReceivableThresholdPeriodPastDue
P120D
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestNoncurrent
69300000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestNoncurrent
25000000.0 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
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110000000.0 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
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62000000.0 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
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47600000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Recovery
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19100000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
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4600000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
FinancingReceivableExcludingAccruedInterestPurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
0 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Loan Sold
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3900000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Loan Sold
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossLoanSold
0 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
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98800000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal
FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
87200000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestNoncurrent
106400000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest Noncurrent
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterestNoncurrent
69300000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff
14200000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYearWriteoff
0 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
61900000 usd
CY2023Q4 lad Net Investment In Operating Leases Gross
NetInvestmentInOperatingLeasesGross
102700000 usd
CY2022Q4 lad Net Investment In Operating Leases Gross
NetInvestmentInOperatingLeasesGross
92200000 usd
CY2023Q4 lad Net Investment In Operating Leases Accumulated Depreciation
NetInvestmentInOperatingLeasesAccumulatedDepreciation
11200000 usd
CY2022Q4 lad Net Investment In Operating Leases Accumulated Depreciation
NetInvestmentInOperatingLeasesAccumulatedDepreciation
7600000 usd
CY2023Q4 lad Net Investment In Operating Leases
NetInvestmentInOperatingLeases
91500000 usd
CY2022Q4 lad Net Investment In Operating Leases
NetInvestmentInOperatingLeases
84600000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
68200000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
51700000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
427900000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
346600000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
496100000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
398300000 usd
CY2023Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
7800000 usd
CY2022Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
2000000.0 usd
CY2023Q4 us-gaap Finance Lease Liability Noncurrent
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91600000 usd
CY2022Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
54400000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
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CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
56400000 usd
CY2023Q4 lad Lease Liability
LeaseLiability
595500000 usd
CY2022Q4 lad Lease Liability
LeaseLiability
454700000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
132700000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
75900000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P10Y
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0478
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0431
CY2023Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0553
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0485
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
96900000 usd
CY2023 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
8800000 usd
CY2023 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
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CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.0679
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
77900000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
53100000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
7100000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
5600000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
3500000 usd
CY2023 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
3800000 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4200000 usd
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
5900000 usd
CY2023 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4100000 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
3700000 usd
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
4200000 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
9000000.0 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
7500000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
6400000 usd
CY2023 us-gaap Lease Cost
LeaseCost
102900000 usd
CY2022 us-gaap Lease Cost
LeaseCost
83900000 usd
CY2021 us-gaap Lease Cost
LeaseCost
60300000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
91900000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
13000000.0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
85000000.0 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
25000000.0 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
70500000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
5800000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
62800000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
5900000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
53300000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
5900000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
262700000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
85300000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
626200000 usd
CY2023Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
140900000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
130100000 usd
CY2023Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
41500000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
496100000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
99400000 usd
CY2023Q4 lad Charge Backs Liabilities
ChargeBacksLiabilities
175600000 usd
CY2023Q4 lad Charge Backs Future Minimum Payments Due In One Year
ChargeBacksFutureMinimumPaymentsDueInOneYear
101600000 usd
CY2023Q4 lad Charge Backs Future Minimum Payments Due In Two Years
ChargeBacksFutureMinimumPaymentsDueInTwoYears
45600000 usd
CY2023Q4 lad Charge Backs Future Minimum Payments Due In Three Years
ChargeBacksFutureMinimumPaymentsDueInThreeYears
20100000 usd
CY2023Q4 lad Charge Backs Future Minimum Payments Due In Four Years
ChargeBacksFutureMinimumPaymentsDueInFourYears
6700000 usd
CY2023Q4 lad Charge Backs Future Minimum Payments Due In Five Years
ChargeBacksFutureMinimumPaymentsDueInFiveYears
1500000 usd
CY2023Q4 lad Charge Backs Future Minimum Payments Due Thereafter
ChargeBacksFutureMinimumPaymentsDueThereafter
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CY2023Q4 lad Charge Backs Liabilities
ChargeBacksLiabilities
175600000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
308900000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
64000000.0 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
51400000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
40700000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
32200000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
25900000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
94700000 usd
CY2023Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
308900000 usd
CY2023Q4 us-gaap Self Insurance Reserve
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77100000 usd
CY2022Q4 us-gaap Self Insurance Reserve
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CY2023Q4 lad Long Term Debt Gross And Lease Obligation
LongTermDebtGrossAndLeaseObligation
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CY2022Q4 lad Long Term Debt Gross And Lease Obligation
LongTermDebtGrossAndLeaseObligation
5560100000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
31800000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
29100000 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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109600000 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
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CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
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DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate
0.0478
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
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CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
29900000 usd
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
18800000 usd
CY2023 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
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CY2022 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
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CY2021 us-gaap Deferred Compensation Arrangement With Individual Compensation Expense
DeferredCompensationArrangementWithIndividualCompensationExpense
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CY2023 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
1700000 usd
CY2022 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
1000000.0 usd
CY2021 us-gaap Deferred Compensation Arrangement With Individual Contributions By Employer
DeferredCompensationArrangementWithIndividualContributionsByEmployer
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CY2023 lad Guaranteed Annual Return
GuaranteedAnnualReturn
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CY2022 lad Guaranteed Annual Return
GuaranteedAnnualReturn
0.0500
CY2021 lad Guaranteed Annual Return
GuaranteedAnnualReturn
0.0500
CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
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CY2023 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
6200000 usd
CY2023 us-gaap Defined Benefit Plan Benefit Obligation Benefits Paid
DefinedBenefitPlanBenefitObligationBenefitsPaid
6600000 usd
CY2023 lad Defined Benefit Plan Benefit Obligation Business Combination Or Divestiture
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172800000 usd
CY2023 us-gaap Defined Benefit Plan Actuarial Gain Loss
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3300000 usd
CY2023 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
900000 usd
CY2023Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
170000000.0 usd
CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
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CY2023 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
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CY2023 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
35600000 usd
CY2023 us-gaap Defined Benefit Plan Plan Assets Benefits Paid
DefinedBenefitPlanPlanAssetsBenefitsPaid
6600000 usd
CY2023 lad Defined Benefit Plan Plan Assets Business Combination Or Divestiture
DefinedBenefitPlanPlanAssetsBusinessCombinationOrDivestiture
157500000 usd
CY2023 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
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CY2023Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
185300000 usd
CY2023Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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15300000 usd
CY2023Q4 us-gaap Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
15300000 usd
CY2023Q4 us-gaap Defined Benefit Plan Amounts Recognized In Balance Sheet
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15300000 usd
CY2023 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Net Unamortized Gain Loss Arising During Period Before Tax
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-7600000 usd
CY2023 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
6200000 usd
CY2023 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Discount Rate
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate
0.0486
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
17300000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
29200000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
35500000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
2800000 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year Writeoff
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5100000 usd
CY2023 lad Financing Receivable Excluding Accrued Interest Other Financing Receivables Writeoff
FinancingReceivableExcludingAccruedInterestOtherFinancingReceivablesWriteoff
1900000 usd
CY2022 lad Financing Receivable Excluding Accrued Interest Other Financing Receivables Writeoff
FinancingReceivableExcludingAccruedInterestOtherFinancingReceivablesWriteoff
4100000 usd
CY2023 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
110000000.0 usd
CY2022 us-gaap Financing Receivable Excluding Accrued Interest Allowance For Credit Loss Writeoff
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62000000.0 usd
CY2023Q2 us-gaap Financing Receivable Purchased With Credit Deterioration Amount At Par Value
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8000000.0 usd
CY2023Q2 us-gaap Financing Receivable Purchased With Credit Deterioration Allowance For Credit Loss At Acquisition Date
FinancingReceivablePurchasedWithCreditDeteriorationAllowanceForCreditLossAtAcquisitionDate
4600000 usd
CY2023Q2 us-gaap Financing Receivable Purchased With Credit Deterioration Discount Premium
FinancingReceivablePurchasedWithCreditDeteriorationDiscountPremium
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CY2023Q2 us-gaap Financing Receivable Purchased With Credit Deterioration Amount At Purchase Price
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9200000 usd
CY2021Q4 us-gaap Goodwill
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CY2022 us-gaap Goodwill Acquired During Period
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500400000 usd
CY2022 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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17900000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
900000 usd
CY2022Q4 us-gaap Goodwill
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1460700000 usd
CY2023 us-gaap Goodwill Acquired During Period
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519100000 usd
CY2023 us-gaap Goodwill Written Off Related To Sale Of Business Unit
GoodwillWrittenOffRelatedToSaleOfBusinessUnit
51100000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1900000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
1930600000 usd
CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
467000000 usd
CY2023 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
142729 shares
CY2022 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2428850 shares
CY2021 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
756883 shares
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Next Twelve Months
DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths
8800000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Two
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearTwo
9200000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Three
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearThree
9900000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Four
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFour
10000000.0 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Year Five
DefinedBenefitPlanExpectedFutureBenefitPaymentsYearFive
10100000 usd
CY2023Q4 us-gaap Defined Benefit Plan Expected Future Benefit Payments Five Fiscal Years Thereafter
DefinedBenefitPlanExpectedFutureBenefitPaymentsFiveFiscalYearsThereafter
50600000 usd
CY2023 lad Common Stock Number Of Votes
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CY2023 us-gaap Stock Repurchased During Period Shares
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142729 shares
CY2023 us-gaap Treasury Stock Acquired Average Cost Per Share
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240.81
CY2023Q4 lad Cumulative Stock Repurchases Shares
CumulativeStockRepurchasesShares
7047510 shares
CY2023Q4 lad Cumulative Stock Repurchases Average Purchase Price Per Share
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174.96
CY2023 us-gaap Stock Repurchased And Retired During Period Value
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34400000 usd
CY2022 us-gaap Stock Repurchased And Retired During Period Value
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671400000 usd
CY2021 us-gaap Stock Repurchased And Retired During Period Value
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214800000 usd
CY2023 lad Stock Repurchased And Retired During The Period Average Purchase Price Per Share
StockRepurchasedAndRetiredDuringThePeriodAveragePurchasePricePerShare
240.81
CY2022 lad Stock Repurchased And Retired During The Period Average Purchase Price Per Share
StockRepurchasedAndRetiredDuringThePeriodAveragePurchasePricePerShare
276.42
CY2021 lad Stock Repurchased And Retired During The Period Average Purchase Price Per Share
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283.75
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q1 us-gaap Dividends Common Stock
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CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q2 us-gaap Dividends Common Stock
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CY2021Q3 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q3 us-gaap Dividends Common Stock
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CY2021Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2021Q4 us-gaap Dividends Common Stock
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CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2022Q1 us-gaap Dividends Common Stock
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CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2022Q2 us-gaap Dividends Common Stock
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CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2022Q3 us-gaap Dividends Common Stock
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CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2022Q4 us-gaap Dividends Common Stock
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CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q1 us-gaap Dividends Common Stock
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CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2023Q2 us-gaap Dividends Common Stock
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CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2023Q3 us-gaap Dividends Common Stock
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CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
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CY2023Q4 us-gaap Dividends Common Stock
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CY2023 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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CY2023 us-gaap Allocated Share Based Compensation Expense Net Of Tax
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CY2022 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
34700000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
26600000 usd
CY2023 us-gaap Asset Impairment Charges
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CY2022 us-gaap Asset Impairment Charges
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CY2023 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2023 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2023 us-gaap Current Foreign Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
379000000.0 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
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43700000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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