Company: GPI
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001031203-25-000049
Chunk: 27

Company: GROUP 1 AUTOMOTIVE INC
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 lessee remaining rental obligations were $37.8 million as of June 30, 2025. 

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Table of Contents GROUP 1 AUTOMOTIVE, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) – (Continued)

13. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in the balances of each component of AOCI were as follows (in millions): Six Months Ended June 30, 2025Accumulated Income (Loss) On Foreign Currency TranslationAccumulated Income (Loss) On Interest Rate SwapsTotalBalance, December 31, 2024$(56.5)$58.2 $1.6 Other comprehensive income (loss) before reclassifications:Pre-tax 69.8 (8.8)60.9 Tax effect— 2.1 2.1 Amount reclassified from accumulated other comprehensive income (loss):Floorplan interest expense (pre-tax)— (8.0)(8.0)Other interest expense, net (pre-tax)— (5.6)(5.6)Provision for income taxes— 3.2 3.2 Net current period other comprehensive income (loss)69.8 (17.1)52.7 Balance, June 30, 2025$13.3 $41.1 $54.4 Six Months Ended June 30, 2024Accumulated Income (Loss) On Foreign Currency TranslationAccumulated Income (Loss) On Interest Rate SwapsTotalBalance, December 31, 2023$(37.4)$65.6 $28.1 Other comprehensive income (loss) before reclassifications:Pre-tax(5.6)25.7 20.1 Tax effect— (6.1)(6.1)Amount reclassified from accumulated other comprehensive income (loss):Floorplan interest expense (pre-tax)— (10.6)(10.6)Other interest expense, net (pre-tax)— (9.0)(9.0)Reclassification related to de-designated interest rate swaps (pre-tax)— (0.2)(0.2)Provision for income taxes— 4.7 4.7 Net current period other comprehensive (loss) income(5.6)4.4 (1.2)Balance, June 30