2023 Q1 Form 10-K Financial Statement

#000101984923000038 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $7.339B $7.012B $27.81B
YoY Change 5.21% 11.37% 8.84%
Cost Of Revenue $6.087B $5.829B $22.98B
YoY Change 5.97% 13.91% 8.82%
Gross Profit $1.252B $1.183B $4.839B
YoY Change 1.67% 0.34% 8.96%
Gross Profit Margin 17.06% 16.87% 17.4%
Selling, General & Admin $844.9M $815.5M $3.224B
YoY Change 5.9% 3.08% 8.8%
% of Gross Profit 67.47% 68.92% 66.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.90M $32.20M $127.3M
YoY Change 6.27% 1.26% 4.77%
% of Gross Profit 2.71% 2.72% 2.63%
Operating Expenses $844.9M $847.7M $3.224B
YoY Change 5.9% 3.01% 8.8%
Operating Profit $373.5M $335.5M $1.488B
YoY Change -7.09% -5.84% 9.69%
Interest Expense $33.40M $59.30M $371.4M
YoY Change -65.06% -7.34% 38.43%
% of Operating Profit 8.94% 17.68% 24.96%
Other Income/Expense, Net
YoY Change
Pretax Income $406.9M $394.8M $1.859B
YoY Change -18.23% -6.07% 15.64%
Income Tax $107.3M $95.50M $473.0M
% Of Pretax Income 26.37% 24.19% 25.44%
Net Earnings $298.3M $298.0M $1.380B
YoY Change -18.92% -4.27% 16.18%
Net Earnings / Revenue 4.06% 4.25% 4.96%
Basic Earnings Per Share $4.31 $18.55
Diluted Earnings Per Share $4.31 $4.21 $18.55
COMMON SHARES
Basic Shares Outstanding 69.07M shares 71.30M shares 74.39M shares
Diluted Shares Outstanding 69.22M shares 74.39M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.6M $106.5M $106.5M
YoY Change -40.93% 5.76% 5.76%
Cash & Equivalents $100.6M $106.5M $106.5M
Short-Term Investments
Other Short-Term Assets $171.7M $141.9M $141.9M
YoY Change 22.29% 27.04% 27.04%
Inventory $3.630B $3.509B $3.509B
Prepaid Expenses
Receivables $920.2M $906.7M $906.7M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.823B $4.664B $4.664B
YoY Change 13.06% 14.45% 14.45%
LONG-TERM ASSETS
Property, Plant & Equipment $2.567B $2.497B $4.913B
YoY Change 6.27% 2.22% 0.39%
Goodwill $2.163B $2.155B
YoY Change 0.28% 1.44%
Intangibles
YoY Change
Long-Term Investments $1.720B $1.637B $1.637B
YoY Change 4.52% -3.03% -3.03%
Other Assets $56.20M $55.30M $55.30M
YoY Change 38.08% 31.98% 31.98%
Total Long-Term Assets $9.573B $9.450B $9.450B
YoY Change 1.84% 0.65% 0.65%
TOTAL ASSETS
Total Short-Term Assets $4.823B $4.664B $4.664B
Total Long-Term Assets $9.573B $9.450B $9.450B
Total Assets $14.40B $14.11B $14.11B
YoY Change 5.34% 4.83% 4.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $922.2M $853.5M $853.5M
YoY Change 3.73% 11.26% 11.26%
Accrued Expenses $861.1M $788.1M $788.1M
YoY Change -3.95% -9.45% -9.45%
Deferred Revenue $280.6M $291.7M
YoY Change -5.3% -1.78%
Short-Term Debt $2.896B $2.996B $2.996B
YoY Change 13.65% 17.29% 17.29%
Long-Term Debt Due $81.50M $75.20M $75.20M
YoY Change 2.64% -8.29% -8.29%
Total Short-Term Liabilities $4.761B $4.713B $4.713B
YoY Change 7.88% 10.26% 10.26%
LONG-TERM LIABILITIES
Long-Term Debt $1.620B $1.547B $1.547B
YoY Change 17.05% 11.13% 11.13%
Other Long-Term Liabilities $223.2M $223.1M $2.559B
YoY Change -6.61% -17.06% -3.17%
Total Long-Term Liabilities $1.843B $1.770B $4.106B
YoY Change 13.56% 6.56% 1.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.761B $4.713B $4.713B
Total Long-Term Liabilities $1.843B $1.770B $4.106B
Total Liabilities $10.04B $9.940B $9.967B
YoY Change 5.71% 6.09% 6.09%
SHAREHOLDERS EQUITY
Retained Earnings $4.636B $4.483B
YoY Change 6.89% 6.83%
Common Stock $0.00 $0.00
YoY Change -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.323B $4.148B $4.148B
YoY Change
Total Liabilities & Shareholders Equity $14.40B $14.11B $14.11B
YoY Change 5.34% 4.83% 4.83%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $298.3M $298.0M $1.380B
YoY Change -18.92% -4.27% 16.18%
Depreciation, Depletion And Amortization $33.90M $32.20M $127.3M
YoY Change 6.27% 1.26% 4.77%
Cash From Operating Activities $311.2M $250.8M $1.459B
YoY Change -18.23% -768.8% 12.81%
INVESTING ACTIVITIES
Capital Expenditures $102.4M $86.80M $282.5M
YoY Change -282.21% -194.97% -213.5%
Acquisitions $0.00 $393.4M
YoY Change -100.0% -8.89%
Other Investing Activities $3.100M $29.40M $11.20M
YoY Change 72.22% -118.89% 600.0%
Cash From Investing Activities -$105.5M -$57.40M -$641.7M
YoY Change -29.57% -76.76% 2.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $869.3M
YoY Change 209.8%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$211.8M -182.7M -$798.0M
YoY Change 33.12% -168.68% 29.65%
NET CHANGE
Cash From Operating Activities $311.2M 250.8M 1.459B
Cash From Investing Activities -$105.5M -57.40M -$641.7M
Cash From Financing Activities -$211.8M -182.7M -$798.0M
Net Change In Cash -$5.900M 10.70M $5.800M
YoY Change -108.48% -157.84% -88.67%
FREE CASH FLOW
Cash From Operating Activities $311.2M $250.8M $1.459B
Capital Expenditures $102.4M $86.80M $282.5M
Free Cash Flow $208.8M $164.0M $1.177B
YoY Change -52.2% 204.27% -23.71%

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CY2021 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
14.88
CY2020 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
6.74
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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18.55
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
14.89
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
6.74
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
18.55
CY2021 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
14.88
CY2020 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
6.74
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.01
CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2022 us-gaap Earnings Per Share Diluted
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18.55
CY2021 us-gaap Earnings Per Share Diluted
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14.89
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
6.74
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2022 us-gaap Income Loss From Continuing Operations
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CY2021 us-gaap Income Loss From Continuing Operations
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CY2020 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2020 us-gaap Net Income Loss
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CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2020 us-gaap Profit Loss
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CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
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CY2021 pag Other Comprehensive Income Other Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeOtherAdjustmentNetOfTaxPeriodIncreaseDecrease
27500000 usd
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CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2022 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2021 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2020 us-gaap Profit Loss
ProfitLoss
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
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CY2020 us-gaap Depreciation
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CY2021 us-gaap Gain Loss On Investments
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CY2022 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
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CY2020 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
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CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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CY2020 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Increase Decrease In Receivables
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CY2020 us-gaap Increase Decrease In Receivables
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CY2020 us-gaap Increase Decrease In Retail Related Inventories
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CY2022 pag Increase Decrease In Floor Plan Notes Payable
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IncreaseDecreaseInFloorPlanNotesPayable
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2021 pag Net Borrowings Repayments Of Floor Plan Notes Payable Non Trade
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CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
23900000 usd
CY2021 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
293500000 usd
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.78
CY2021 us-gaap Dividends Cash
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142500000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
3200000 usd
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2600000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2021 us-gaap Other Comprehensive Income Other Net Of Tax
OtherComprehensiveIncomeOtherNetOfTax
27500000 usd
CY2021 us-gaap Profit Loss
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1192700000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4095000000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
26700000 usd
CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
886500000 usd
CY2022 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.07
CY2022 us-gaap Dividends Cash
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154100000 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3500000 usd
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CY2022 us-gaap Other Comprehensive Income Other Net Of Tax
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CY2022 us-gaap Profit Loss
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4174800000 usd
CY2022 pag Number Of Individuals Employed By Penske Automotive Group
NumberOfIndividualsEmployedByPenskeAutomotiveGroup
26500 employee
CY2022 pag Number Of Individuals Employed By Holding Company
NumberOfIndividualsEmployedByHoldingCompany
41500 employee
CY2022 pag Minimum Number Of Branded Vehicles Offered
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35 brand
CY2022 us-gaap Use Of Estimates
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<div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Estimates</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The accounts requiring the use of significant estimates include accounts receivable, inventories, income taxes, intangible assets, leases, and certain reserves.</span></div>
CY2022 us-gaap Number Of Reportable Segments
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CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1636900000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1688100000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
36100000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
31500000 usd
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
21100000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
122000000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
119200000 usd
CY2020 us-gaap Advertising Expense
AdvertisingExpense
81100000 usd
CY2022 us-gaap Cooperative Advertising Amount
CooperativeAdvertisingAmount
16400000 usd
CY2021 us-gaap Cooperative Advertising Amount
CooperativeAdvertisingAmount
15400000 usd
CY2020 us-gaap Cooperative Advertising Amount
CooperativeAdvertisingAmount
13300000 usd
CY2022Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
34500000 usd
CY2021Q4 us-gaap Self Insurance Reserve
SelfInsuranceReserve
33500000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74394799 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79746106 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2020 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74394799 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79746106 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2022 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
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<div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Hedging</span></div><div style="margin-top:10pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Generally accepted accounting principles relating to derivative instruments and hedging activities require all derivatives, whether designated in hedging relationships or not, to be recorded on the balance sheet at fair value. These accounting principles also define requirements for designation and documentation of hedging relationships as well as ongoing effectiveness assessments, which must be met in order to qualify for hedge accounting. For a derivative that does not qualify as a hedge, changes in fair value are recorded in earnings immediately. If the derivative is designated as a fair-value hedge, the changes in the fair value of the derivative and the hedged item are recorded in earnings. If the derivative is designated as a cash-flow hedge, effective changes in the fair value of the derivative are recorded in accumulated other comprehensive income (loss), a separate component of equity, and recorded in the income statement only when the hedged item affects earnings. Changes in the fair value of the derivative attributable to hedge ineffectiveness are recorded in earnings immediately.</span></div>
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291700000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
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CY2022 us-gaap Contract With Customer Liability Revenue Recognized
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217700000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
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5400000000 usd
CY2022 us-gaap Sublease Income
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17900000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
22400000 usd
CY2020 us-gaap Sublease Income
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25800000 usd
CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
250100000 usd
CY2020 us-gaap Operating Lease Cost
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246000000.0 usd
CY2022 us-gaap Sublease Income
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17900000 usd
CY2021 us-gaap Sublease Income
SubleaseIncome
22400000 usd
CY2020 us-gaap Sublease Income
SubleaseIncome
25800000 usd
CY2022 us-gaap Lease Cost
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236400000 usd
CY2021 us-gaap Lease Cost
LeaseCost
227700000 usd
CY2020 us-gaap Lease Cost
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220200000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
248500000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
249600000 usd
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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116200000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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124200000 usd
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.067
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
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CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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2920800000 usd
CY2022Q4 us-gaap Operating Lease Liability
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CY2022Q4 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
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CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
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CY2022Q4 us-gaap Operating Lease Liability
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CY2022Q4 us-gaap Equity Method Investments
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CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
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CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2021 us-gaap Income Loss From Equity Method Investments
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CY2022 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
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545000000 usd
CY2022 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
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19900000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
8300000 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
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CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
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CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
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3200000 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
5800000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
134100000 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
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CY2022Q4 pag Business Acquisition Purchase Price Allocation Indefinite Lived Intangible Assets
BusinessAcquisitionPurchasePriceAllocationIndefiniteLivedIntangibleAssets
160400000 usd
CY2021Q4 pag Business Acquisition Purchase Price Allocation Indefinite Lived Intangible Assets
BusinessAcquisitionPurchasePriceAllocationIndefiniteLivedIntangibleAssets
294400000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
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CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
14900000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
14300000 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
56400000 usd
CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
9700000 usd
CY2021Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
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CY2022 us-gaap Business Combination Consideration Transferred Including Equity Interest In Acquiree Held Prior To Combination1
BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1
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CY2021 us-gaap Business Combination Consideration Transferred Including Equity Interest In Acquiree Held Prior To Combination1
BusinessCombinationConsiderationTransferredIncludingEquityInterestInAcquireeHeldPriorToCombination1
454700000 usd
CY2022 pag Business Combination Contingent Consideration
BusinessCombinationContingentConsideration
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CY2021 pag Business Combination Contingent Consideration
BusinessCombinationContingentConsideration
22900000 usd
CY2022 us-gaap Payments To Acquire Businesses Gross
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393400000 usd
CY2021 us-gaap Payments To Acquire Businesses Gross
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431800000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
28254700000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
27280300000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
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CY2021 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
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1220600000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
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CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
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CY2022 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
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CY2021 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
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15.31
CY2022 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
18.61
CY2021 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
15.32
CY2022Q4 us-gaap Inventory Net
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CY2021Q4 us-gaap Inventory Net
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3129000000 usd
CY2022 pag Floor Plan Interest Credits And Advertising Assistance
FloorPlanInterestCreditsAndAdvertisingAssistance
53300000 usd
CY2021 pag Floor Plan Interest Credits And Advertising Assistance
FloorPlanInterestCreditsAndAdvertisingAssistance
63700000 usd
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CY2022Q4 us-gaap Property Plant And Equipment Gross
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3398800000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q4 us-gaap Property Plant And Equipment Net
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2496500000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2014Q4 pag Intangible Assets Indefinite Lived Excluding Goodwill Accumulated Impairment Loss
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37100000 usd
CY2020Q4 us-gaap Goodwill
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CY2021 us-gaap Goodwill Acquired During Period
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CY2021 us-gaap Indefinitelived Intangible Assets Acquired
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CY2021 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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CY2021 us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
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CY2021 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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CY2021 us-gaap Indefinite Lived Intangible Assets Translation And Purchase Accounting Adjustments
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CY2021Q4 us-gaap Goodwill
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CY2022 us-gaap Goodwill Acquired During Period
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CY2022 us-gaap Indefinitelived Intangible Assets Acquired
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CY2022 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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CY2022 us-gaap Indefinite Lived Intangible Assets Written Off Related To Sale Of Business Unit
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CY2022 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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CY2022 us-gaap Indefinite Lived Intangible Assets Translation And Purchase Accounting Adjustments
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CY2022Q4 us-gaap Goodwill
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2154700000 usd
CY2020Q4 us-gaap Goodwill
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1928400000 usd
CY2021 us-gaap Goodwill Acquired During Period
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CY2021 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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CY2021 us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
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CY2021Q4 us-gaap Goodwill
Goodwill
2124100000 usd
CY2022 us-gaap Goodwill Acquired During Period
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93800000 usd
CY2022 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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1900000 usd
CY2022 us-gaap Goodwill Translation And Purchase Accounting Adjustments
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CY2022Q4 us-gaap Goodwill
Goodwill
2154700000 usd
CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2021 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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CY2022 pag Floor Plan Notes Payable Foreign Maximum Duration
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CY2021Q4 us-gaap Debt Weighted Average Interest Rate
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CY2020Q4 us-gaap Debt Weighted Average Interest Rate
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CY2022Q4 us-gaap Long Term Debt
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1622100000 usd
CY2021Q4 us-gaap Long Term Debt
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1474000000 usd
CY2022Q4 us-gaap Long Term Debt Current
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75200000 usd
CY2021Q4 us-gaap Long Term Debt Current
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82000000.0 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
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1546900000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
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1392000000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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22400000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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60400000 usd
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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CY2022Q4 us-gaap Long Term Debt
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CY2021 us-gaap Operating Lease Expense
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CY2020 us-gaap Operating Lease Expense
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231800000 usd
CY2022Q4 pag Property Lease Guarantee Amount
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112400000 usd
CY2022Q4 us-gaap Letters Of Credit Outstanding Amount
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26800000 usd
CY2022Q4 pag Surety Bonds Posted
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21400000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
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25500000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
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23100000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
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20400000 usd
CY2020 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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CY2020 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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