LKQ (LKQ) 10-Q 4 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 30, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	000-50404
Entity Registrant Name	LKQ CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	36-4215970
Entity Address, Address Line One	500 West Madison Street,
Entity Address, Address Line Two	Suite 2800
Entity Address, City or Town	Chicago,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60661
City Area Code	312
Local Phone Number	621-1950
Title of 12(b) Security	Common Stock, par value $.01 per share
Trading Symbol	LKQ
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		304,292,579
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001065696
Current Fiscal Year End Date	--12-31

Consolidated Statements of Inco

Consolidated Statements of Income Statement - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenue	$ 2,626,323	$ 3,248,173	$ 5,627,258	$ 6,348,476
Cost of goods sold	1,615,319	2,000,986	3,402,378	3,893,025
Gross margin	1,011,004	1,247,187	2,224,880	2,455,451
Selling, general and administrative expenses	737,369	898,368	1,637,180	1,794,900
Restructuring and acquisition related expenses	24,950	8,377	31,920	11,684
Loss on disposal of businesses and impairment of net assets held for sale	2,485	33,497	2,236	48,520
Depreciation and amortization	65,747	70,834	131,242	141,836
Operating income	180,453	236,111	422,302	458,511
Other expense (income):
Interest expense, net of interest income	25,616	35,884	51,547	71,973
Loss on debt extinguishment	0	0	12,751	0
Other income, net	(8,174)	(5,733)	(11,796)	(9,584)
Total other expense, net	17,442	30,151	52,502	62,389
Income from continuing operations before provision for income taxes	163,011	205,960	369,800	396,122
Provision for income taxes	41,869	55,825	102,280	107,375
Equity in (losses) earnings of unconsolidated subsidiaries	(2,649)	1,572	(2,133)	(37,977)
Income from continuing operations	118,493	151,707	265,387	250,770
Net income (loss) from discontinued operations	277	398	(638)	398
Net income	118,770	152,105	264,749	251,168
Less: net (loss) income attributable to continuing noncontrolling interest	(22)	1,352	718	2,367
Less: net income attributable to discontinued noncontrolling interest	0	192	103	192
Net income attributable to LKQ stockholders	$ 118,792	$ 150,561	$ 263,928	$ 248,609
Basic earnings per share: (1)
Income from continuing operations	$ 0.39	$ 0.49	$ 0.87	$ 0.80
Net income (loss) from discontinued operations	0	0	0	0
Net income	0.39	0.49	0.87	0.80
Less: net (loss) income attributable to continuing noncontrolling interest	0	0	0	0.01
Less: net income attributable to discontinued noncontrolling interest	0	0	0	0
Net income attributable to LKQ stockholders	0.39	0.48	0.86	0.79
Diluted earnings per share: (1)
Income from continuing operations	0.39	0.49	0.87	0.80
Net income (loss) from discontinued operations	0	0	0	0
Net income	0.39	0.49	0.87	0.80
Less: net (loss) income attributable to continuing noncontrolling interest	0	0	0	0.01
Less: net income attributable to discontinued noncontrolling interest	0	0	0	0
Net income attributable to LKQ stockholders	$ 0.39	$ 0.48	$ 0.86	$ 0.79

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 118,770	$ 152,105	$ 264,749	$ 251,168
Less: net (loss) income attributable to continuing noncontrolling interest	(22)	1,352	718	2,367
Less: net income attributable to discontinued noncontrolling interest	0	192	103	192
Net income attributable to LKQ stockholders	118,792	150,561	263,928	248,609
Other comprehensive income (loss):
Foreign currency translation, net of tax	31,334	5,602	(72,631)	(4,293)
Net change in unrealized gains/losses on cash flow hedges, net of tax	(31)	(5,650)	(7,352)	(8,387)
Net change in unrealized gains/losses on pension plans, net of tax	1,875	28	1,995	219
Other comprehensive income (loss) from unconsolidated subsidiaries	962	2,321	(890)	(1,142)
Other comprehensive income (loss)	34,140	2,301	(78,878)	(13,603)
Comprehensive income	152,910	154,406	185,871	237,565
Less: comprehensive (loss) income attributable to continuing noncontrolling interest	(22)	1,352	718	2,367
Less: comprehensive income attributable to discontinued noncontrolling interest	0	192	103	192
Comprehensive income attributable to LKQ stockholders	$ 152,932	$ 152,862	$ 185,050	$ 235,006

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 476,426	$ 523,020
Receivables, net	1,125,816	1,131,132
Inventories	2,288,293	2,772,777
Prepaid expenses and other current assets	216,438	260,890
Total current assets	4,106,973	4,687,819
Property, plant and equipment, net	1,196,505	1,234,400
Operating lease assets, net	1,272,513	1,308,511
Intangible assets:
Goodwill	4,377,350	4,406,535
Other intangibles, net	798,799	850,338
Equity method investments	136,673	139,243
Other noncurrent assets	146,486	153,110
Total assets	12,035,299	12,779,956
Current liabilities:
Accounts payable	756,846	942,795
Accrued expenses:
Accrued payroll-related liabilities	179,470	179,203
Refund liability	103,679	97,314
Value added taxes payable	160,294	46,490
Other accrued expenses	258,490	243,193
Income taxes payable	114,202	26,959
Other current liabilities	67,410	94,664
Current portion of operating lease liabilities	216,177	221,527
Current portion of long-term obligations	93,200	326,367
Total current liabilities	1,949,768	2,178,512
Long-term operating lease liabilities, excluding current portion	1,112,230	1,137,597
Long-term obligations, excluding current portion	3,157,725	3,715,389
Deferred income taxes	299,867	310,129
Other noncurrent liabilities	343,691	365,672
Redeemable noncontrolling interest	24,077	24,077
Stockholders' equity:
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 320,530,156 shares issued and 304,034,241 shares outstanding at June 30, 2020; 319,927,243 shares issued and 306,731,328 shares outstanding at December 31, 2019	3,205	3,199
Additional paid-in capital	1,433,338	1,418,239
Retained earnings	4,401,545	4,140,136
Accumulated other comprehensive loss	(279,763)	(200,885)
Treasury stock, at cost; 16,495,915 shares at June 30, 2020 and 13,195,915 shares at December 31, 2019	(439,819)	(351,813)
Total Company stockholders' equity	5,118,506	5,008,876
Noncontrolling interest	29,435	39,704
Total stockholders' equity	5,147,941	5,048,580
Total liabilities and stockholders' equity	$ 12,035,299	$ 12,779,956

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	320,530,156	319,927,243
Common stock, shares outstanding	304,034,241	306,731,328
Treasury Stock, Common, Shares	16,495,915	13,195,915

Consolidated Statements of Cash

Consolidated Statements of Cash Flows $ in Thousands, € in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 118,770	$ 152,105	$ 264,749	$ 251,168
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	72,930	76,154	144,309	152,361
Loss on disposal of businesses and impairment of net assets held for sale	2,485	33,497	2,236	48,520
Impairment of equity method investments			0	39,551
Stock-based compensation expense	8,000	8,000	15,763	13,659
Loss on debt extinguishment	0	0	12,751	0
Other			(3,554)	(3,516)
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Receivables, net			(5,111)	(149,052)
Inventories			445,493	131,229
Prepaid income taxes/income taxes payable			84,125	25,967
Accounts payable			(172,140)	96,888
Other operating assets and liabilities			124,431	31,629
Net cash provided by operating activities			913,052	638,404
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(32,763)	(48,252)	(77,301)	(101,268)
Proceeds from disposals of property, plant and equipment			6,110	1,976
Acquisitions, net of cash acquired			(5,465)	(14,767)
Proceeds from disposal of businesses, net of cash sold			4,602	0
Other investing activities, net			(3,917)	(2,711)
Net cash used in investing activities			(75,971)	(116,770)
CASH FLOWS FROM FINANCING ACTIVITIES:
Early-redemption premium			(9,498)	0
Repayment of U.S. Notes (2023)			(600,000)	0
Borrowings under revolving credit facilities			494,485	312,880
Repayments under revolving credit facilities			601,480	471,439
Repayments under term loans			8,750	4,375
Borrowings under receivables securitization facility			111,300	36,600
Repayments under receivables securitization facility			(111,300)	(146,600)
Repayments of other debt, net			(66,073)	(8,367)
Purchase of treasury stock		(120,000)	(88,006)	(190,762)
Other financing activities, net			10,832	(75)
Net cash used in financing activities			(890,154)	(471,988)
Effect of exchange rate changes on cash, cash equivalents and restricted cash			(5,358)	(102)
Net (decrease) increase in cash, cash equivalents and restricted cash			(58,431)	49,544
Cash, cash equivalents and restricted cash of continuing and discontinued operations, end of period	476,426	386,794	476,426	386,794
Less: Cash and cash equivalents of discontinued operations, end of period	0	5,372	0	5,372
Cash, cash equivalents and restricted cash, end of period	476,426	381,422	476,426	381,422
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	476,426	375,967	476,426	375,967
Restricted cash included in Other noncurrent assets	0	5,455	0	5,455
Cash, cash equivalents and restricted cash, end of period	$ 476,426	$ 381,422	476,426	381,422
Supplemental disclosure of cash paid for:
Income taxes, net of refunds			24,452	88,001
Interest			55,910	75,259
Supplemental disclosure of noncash investing and financing activities:
Leased assets obtained in exchange for new finance lease liabilities			8,225	7,568
Leased assets obtained in exchange for new operating lease liabilities			36,458	61,891
Noncash property, plant and equipment additions			7,200	14,227
Notes payable and other financing obligations, including notes issued, debt assumed and settlement of pre-existing balances in connection with business acquisitions and disposals			6,136	45,420
Notes receivable and contingent consideration receivable acquired in connection with disposal of businesses			8,549	0
Contingent consideration liabilities			$ 3,045	$ 5,377

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands		Total	Common Stock	Treasury Stock, Common [Member]	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest	Treasury Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
BALANCE, April 1, 2020				(2,272)
BALANCE, April 1, 2020				(9,315)
BALANCE, April 1, 2020 at Dec. 31, 2018		$ 4,838,752,000	$ 3,184,000	$ (60,000,000)	$ 1,415,188,000	$ 3,598,876,000	$ (174,950,000)	$ 56,454,000
BALANCE, April 1, 2020 at Dec. 31, 2018			318,418
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		248,609,000				248,609,000
Less: net (loss) income attributable to continuing noncontrolling interest		2,367,000						2,559,000
Net income		251,168,000
Other comprehensive income (loss)		(13,603,000)					(13,603,000)
Purchase of treasury stock				(7,043)
Purchase of treasury stock		(190,762,000)							$ (190,762,000)
Vesting of restricted stock units, net of shares withheld for employee tax			371
Vesting of restricted stock units, net of shares withheld for employee tax		(1,154,000)	$ 4,000		(1,158,000)
Stock-based compensation expense		13,659,000			13,659,000
Exercise of stock options			236
Exercise of stock options		1,870,000	$ 2,000		1,868,000
Tax withholdings related to net share settlements of stock-based compensation awards			(15)
Tax withholdings related to net share settlements of stock-based compensation awards		(428,000)			(428,000)
Capital contributions from, net of dividends declared to, noncontrolling interest shareholder		(15,000)						(15,000)
Acquired noncontrolling interest		(10,261,000)						(10,261,000)
BALANCE, June 30, 2020 at Jun. 30, 2019				(9,315)
BALANCE, June 30, 2020 at Jun. 30, 2019		4,909,748,000	$ 3,190,000	$ (250,762,000)	1,429,129,000	3,847,485,000	(188,553,000)	69,259,000
BALANCE, June 30, 2020 at Jun. 30, 2019			319,010
Increase (Decrease) in Stockholders' Equity [Roll Forward]
BALANCE, April 1, 2020				(4,915)
BALANCE, April 1, 2020				(9,315)
BALANCE, April 1, 2020 at Mar. 31, 2019		4,856,774,000	$ 3,189,000	$ (130,462,000)	1,420,685,000	3,696,924,000	(190,854,000)	57,292,000
BALANCE, April 1, 2020 at Mar. 31, 2019			318,889
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		150,561,000				150,561,000
Less: net (loss) income attributable to continuing noncontrolling interest		1,352,000						1,544,000
Net income		152,105,000
Other comprehensive income (loss)		2,301,000					2,301,000
Purchase of treasury stock				(4,400)
Purchase of treasury stock		(120,300,000)		$ (120,300,000)
Vesting of restricted stock units, net of shares withheld for employee tax			68
Vesting of restricted stock units, net of shares withheld for employee tax		(77,000)	$ 1,000		(78,000)
Stock-based compensation expense		7,986,000			7,986,000
Exercise of stock options			53
Exercise of stock options		536,000	$ 0		536,000
Capital contributions from, net of dividends declared to, noncontrolling interest shareholder		162,000						162,000
Acquired noncontrolling interest		(10,261,000)						10,261,000
BALANCE, June 30, 2020 at Jun. 30, 2019				(9,315)
BALANCE, June 30, 2020 at Jun. 30, 2019		4,909,748,000	$ 3,190,000	$ (250,762,000)	1,429,129,000	3,847,485,000	(188,553,000)	69,259,000
BALANCE, June 30, 2020 at Jun. 30, 2019			319,010
Increase (Decrease) in Stockholders' Equity [Roll Forward]
BALANCE, April 1, 2020				(9,315)
BALANCE, April 1, 2020				(13,196)
BALANCE, April 1, 2020				(16,496)
BALANCE, April 1, 2020 at Dec. 31, 2019		5,048,580,000	$ 3,199,000	$ (351,813,000)	1,418,239,000	4,140,136,000	(200,885,000)	39,704,000
BALANCE, April 1, 2020 at Dec. 31, 2019			319,927
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of ASU 2016-13 (see Note 3)		(3,000,000)
Adoption of ASU 2016-13 (see Note 3) | Accounting Standards Update 2016-13 [Member]		3,000,000
BALANCE, June 30, 2020 at Mar. 31, 2020				(16,496)
BALANCE, June 30, 2020 at Mar. 31, 2020		4,987,319,000	$ 3,204,000	$ (439,819,000)	1,425,600,000	4,282,753,000	(313,903,000)	29,484,000
BALANCE, June 30, 2020 at Mar. 31, 2020			320,439
Increase (Decrease) in Stockholders' Equity [Roll Forward]
BALANCE, April 1, 2020				(16,496)
BALANCE, April 1, 2020 at Dec. 31, 2019		5,048,580,000	$ 3,199,000	$ (351,813,000)	1,418,239,000	4,140,136,000	(200,885,000)	39,704,000
BALANCE, April 1, 2020 at Dec. 31, 2019			319,927
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		263,928,000				263,928,000
Less: net (loss) income attributable to continuing noncontrolling interest		718,000						821,000
Net income		264,749,000
Other comprehensive income (loss)		(78,878,000)					(78,878,000)
Purchase of treasury stock				(3,300)
Purchase of treasury stock		(88,006,000)		$ (88,006,000)
Vesting of restricted stock units, net of shares withheld for employee tax			491
Vesting of restricted stock units, net of shares withheld for employee tax		(2,125,000)	$ 5,000		(2,130,000)
Stock-based compensation expense		15,763,000			15,763,000
Exercise of stock options			112
Exercise of stock options		1,467,000	$ 1,000		1,466,000
Capital contributions from, net of dividends declared to, noncontrolling interest shareholder		314,000
Disposition of subsidiary with noncontrolling interests(1)	[1]	(11,404,000)						(11,404,000)
Adoption of ASU 2016-13 (see Note 3)		(2,519,000)				(2,519,000)
BALANCE, June 30, 2020 at Jun. 30, 2020				(16,496)
BALANCE, June 30, 2020 at Jun. 30, 2020		5,147,941,000	$ 3,205,000	$ (439,819,000)	1,433,338,000	4,401,545,000	(279,763,000)	29,435,000
BALANCE, June 30, 2020 at Jun. 30, 2020			320,530
Increase (Decrease) in Stockholders' Equity [Roll Forward]
BALANCE, April 1, 2020				(16,496)
BALANCE, April 1, 2020				(16,496)
BALANCE, April 1, 2020 at Mar. 31, 2020		4,987,319,000	$ 3,204,000	$ (439,819,000)	1,425,600,000	4,282,753,000	(313,903,000)	29,484,000
BALANCE, April 1, 2020 at Mar. 31, 2020			320,439
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)		118,792,000				118,792,000
Less: net (loss) income attributable to continuing noncontrolling interest		(22,000)
Net income		118,770,000
Other comprehensive income (loss)		34,140,000					34,140,000
Vesting of restricted stock units, net of shares withheld for employee tax			91
Vesting of restricted stock units, net of shares withheld for employee tax		(56,000)	$ 1,000		(57,000)
Stock-based compensation expense		7,795,000			7,795,000
Capital contributions from, net of dividends declared to, noncontrolling interest shareholder		(27,000)						(27,000)
BALANCE, June 30, 2020 at Jun. 30, 2020				(16,496)
BALANCE, June 30, 2020 at Jun. 30, 2020		$ 5,147,941,000	$ 3,205,000	$ (439,819,000)	$ 1,433,338,000	$ 4,401,545,000	$ (279,763,000)	$ 29,435,000
BALANCE, June 30, 2020 at Jun. 30, 2020			320,530
Increase (Decrease) in Stockholders' Equity [Roll Forward]
BALANCE, April 1, 2020				(16,496)
[1]	(1) The amount disposed of in 2020 relates to discontinued operations. See Note 2, "Discontinued Operations," for further information.

Interim Financial Statements

Interim Financial Statements	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business	Interim Financial Statements The accompanying unaudited condensed consolidated financial statements represent the consolidation of LKQ Corporation, a Delaware corporation, and its subsidiaries. LKQ Corporation is a holding company and all operations are conducted by subsidiaries. When the terms "LKQ," "the Company," "we," "us," or "our" are used in this document, those terms refer to LKQ Corporation and its consolidated subsidiaries. We have prepared the accompanying unaudited condensed consolidated financial statements pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") applicable to interim financial statements. Accordingly, certain information related to our significant accounting policies and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted. These unaudited condensed consolidated financial statements reflect, in the opinion of management, all material adjustments (which include only normally recurring adjustments) necessary to fairly state, in all material respects, our financial position, results of operations and cash flows for the periods presented. Results for interim periods are not necessarily indicative of the results that can be expected for any subsequent interim period or for a full year. These interim financial statements should be read in conjunction with our audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC o n February 27, 2020 ("2019 Form 10-K"). The coronavirus disease 2019 ("COVID-19") pandemic and the resulting governmental actions taken to control the virus have impacted, and are expected to continue to impact, our business in 2020 and into 2021. The effects include, but are not limited to, a reduction in demand for our products and services, liquidity challenges for certain of our customers and suppliers, and organizational changes, such as personnel reductions and route consolidation, driven by cost actions to mitigate the actual and expected revenue decline. We have considered COVID-19 impacts in the preparation of our financial statements and footnotes as of and for the three and six months ended June 30, 2020. Specific disclosures are presented in the following footnotes as applicable. The ultimate impact of COVID-19 on our business, results of operations, financial condition and cash flows is dependent on future developments, including the severity and duration of the pandemic and the related impact on the global economy, which are uncertain and cannot be predicted at this time.

Discontinued Operations (Notes)

Discontinued Operations (Notes)	6 Months Ended
	Jun. 30, 2020
Discontinued Operations [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Discontinued Operations On May 30, 2018, we acquired Stahlgruber GmbH ("Stahlgruber"), a leading European wholesale distributor of aftermarket spare parts for passenger cars, tools, capital equipment and accessories with operations in Germany, Austria, Italy, Slovenia, and Croatia, with further sales to Switzerland. Prior to closing, on May 3, 2018, the European Commission cleared the acquisition of Stahlgruber for the entire European Union, except with respect to the wholesale automotive parts business in the Czech Republic. The acquisition of Stahlgruber’s Czech Republic wholesale business was referred to the Czech Republic competition authority for review. On May 10, 2019, the Czech Republic competition authority approved our acquisition of Stahlgruber’s Czech Republic wholesale business subject to the requirement that we divest certain of the acquired locations. We acquired Stahlgruber’s Czech Republic wholesale business on May 29, 2019 and decided to divest all of the acquired locations. We immediately classified the business as discontinued operations because the business was never integrated into our Europe segment. We completed the sale of Stahlgruber's Czech Republic business on February 28, 2020, resulting in a loss on sale of $1 million (presented in Net income (loss) from discontinued operations in the Unaudited Condensed Consolidated Statements of Income). As part of the transaction, we purchased the 48.2% noncontrolling interest from the minority shareholder for a purchase price of €8 million, which included the issuance of €4 million of notes payable, and then concurrently sold 100% of the business for a purchase price of €14 million, which included €7 million of notes receivable. This transaction resulted in a disposition of noncontrolling interest of $11 million. From January 1, 2020 through the date of sale, we recorded an immaterial amount of net income (excluding the loss on sale) from discontinued operations related to the business, of which an immaterial amount was attributable to the noncontrolling interest. During the three months ended June 30, 2020, we recorded an immaterial adjustment related to the loss on disposal of the business.

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Reconition (Notes)	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Revenue From Contract With Customer	Revenue Recognition The majority of our revenue is derived from the sale of vehicle parts. We recognize revenue when the products are shipped to, delivered to or picked up by customers, which is the point when title has transferred and risk of ownership has passed. Sources of Revenue We report our revenue in two categories: (i) parts and services and (ii) other. The following table sets forth our revenue by category, with our parts and services revenue further disaggregated by reportable segment (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 North America $ 892,826 $ 1,165,482 $ 2,000,168 $ 2,321,180 Europe 1,206,330 1,510,952 2,564,299 2,951,793 Specialty 404,002 410,263 751,408 762,819 Parts and services 2,503,158 3,086,697 5,315,875 6,035,792 Other 123,165 161,476 311,383 312,684 Total revenue $ 2,626,323 $ 3,248,173 $ 5,627,258 $ 6,348,476 Parts and Services Our parts revenue is generated from the sale of vehicle products including replacement parts, components and systems used in the repair and maintenance of vehicles and specialty products and accessories to improve the performance, functionality and appearance of vehicles. Services revenue includes (i) additional services that are generally billed concurrently with the related product sales, such as the sale of service-type warranties, (ii) fees for admission to our self service yards, and (iii) diagnostic and repair services. In North America, our vehicle replacement products include sheet metal collision parts such as doors, hoods, and fenders; bumper covers; head and tail lamps; automotive glass products such as windshields; mirrors and grilles; wheels; and large mechanical items such as engines and transmissions. In Europe, our products include a wide variety of small mechanical products such as brake pads, discs and sensors; clutches; electrical products such as spark plugs and batteries; steering and suspension products; filters; and oil and automotive fluids. In our Specialty operations, we serve six product segments: truck and off-road; speed and performance; RV; towing; wheels, tires and performance handling; and miscellaneous accessories. Our service-type warranties typically have service periods ranging from 6 months to 36 months. Under FASB Accounting Standards Codification Topic 606 ("ASC 606"), proceeds from these service-type warranties are deferred at contract inception and amortized on a straight-line basis to revenue over the contract period. The changes in deferred service-type warranty revenue are as follows (in thousands): Balance as of January 1, 2020 $ 27,067 Additional warranty revenue deferred 20,845 Warranty revenue recognized (22,473) Balance as of June 30, 2020 $ 25,439 Other Revenue Revenue from other sources includes sales of scrap and precious metals (platinum, palladium, and rhodium), bulk sales to mechanical manufacturers (including cores) and sales of aluminum ingots and sows from our furnace operations. We derive scrap metal and other precious metals from several sources, including vehicles that have been used in both our wholesale and self service recycling operations and from original equipment manufacturers ("OEMs") and other entities that contract with us for secure disposal of "crush only" vehicles. Revenue from the sale of hulks in our wholesale and self service recycling operations is recognized based on a price per ton of delivered material when the customer (processor) collects the scrap. Some adjustments may occur when the customer weighs the scrap at their location, and revenue is adjusted accordingly. Revenue by Geographic Area See Note 14, "Segment and Geographic Information" for information related to our revenue by geographic region. Variable Consideration The amount of revenue ultimately received from the customer can vary due to variable consideration including returns, discounts, rebates, refunds, credits, price concessions, incentives, performance bonuses, or other similar items. Under ASC 606

Restructuring and Acquisition R

Restructuring and Acquisition Related Expenses (Notes)	6 Months Ended
	Jun. 30, 2020
Restructuring and Acquisition Related Expenses [Abstract]
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]	Restructuring and Acquisition Related Expenses 2019 Global Restructuring Program In the second quarter of 2019, we implemented a cost reduction initiative, covering all three of our reportable segments, designed to eliminate underperforming assets and cost inefficiencies. We have incurred and expect to incur costs for inventory write-downs; employee severance and other expenditures related to employee terminations; lease exit costs, such as lease termination fees, accelerated amortization of operating lease assets and impairment of operating lease assets; other costs related to facility exits, such as moving expenses to relocate inventory and equipment; and accelerated depreciation of fixed assets to be disposed of earlier than the end of the previously estimated useful lives. During the three and six months ended June 30, 2020, we incur red $2 million and $5 million, re spectively, of restructuring expenses under this program, primarily related to facility exit costs and employee-related costs. In the three months ended June 30, 2019, costs under the program totaled $5 million, primarily for employee severance. These costs were recorded within Restructuring and acquisition related expenses in the Unaudited Condensed Consolidated Statements of Income during the three and six months ended June 30, 2020 and 2019. We expect to incur between $2 million and $4 million of future costs through 2021 to complete the program, and total program costs will be approximately $45 million ($37 million was incurred during the year ended December 31, 2019). Of the cumulative program costs incurred to date, $27 million, $14 million and $1 million related to our Europe, North America and Specialty segments, respectively. 2020 Global Restructuring Program Beginning in the first quarter of 2020, we initiated a further restructuring program aimed at cost reductions across all our reportable segments through the elimination of underperforming assets and cost inefficiencies. These actions are incremental to those initiated as part of the 2019 Global Restructuring Program, and include costs for inventory write-downs; employee severance and other expenditures related to employee terminations; lease exit costs, such as lease termination fees, accelerated amortization of operating lease assets and impairment of operating lease assets; other costs related to facility exits, such as moving expenses to relocate inventory and equipment; and accelerated depreciation of fixed assets to be disposed of earlier than the end of the previously estimated useful lives. We expanded this program during the second quarter as we identified additional opportunities to eliminate inefficiencies, including actions in response to impacts to our business from COVID-19. During the three and six months ended June 30, 2020, we recognized restructuring expenses totaling $25 million and $27 million, respectively, for employee-related costs, facility exit costs and inventory write-downs. Of these expenses, $6 million resulted from inventory impairment charges related to facility consolidation actions and brand rationalizations and was recorded in Cost of goods sold in the Unaudited Condensed Consolidated Statement of Income for the three months ended June 30, 2020. Of the cumulative program costs incurred to date, $17 million, $10 million and $1 million related to our North America, Europe and Specialty segments, respectively. We estimate total costs under the program through its expected completion date in 2022 will be between $65 million and $75 million, of which approximately $40 million, $28 million, and $1 million will be incurred by our Europe, North America and Specialty segments, respectively. Acquisition Integration Plans During the three and six months ended June 30, 2020, we incurre d $4 million and $5 million of restructuring expenses, respectively, for our acquisition integration plans. These expenses were primarily related to the integ ration of our operations in Belgium. Future expenses to complete our existing integration plans are expected to be immaterial. During the three and six months ended June 30, 2019, we incurred $3 million and $6 million of restructuring expenses, respectively, related to our acquisition integration efforts. These expenses included approximately $1 million and $3 million for the three and six months ended June 30, 2019, respectively, related to the integration of our acquisition of Andrew Page Limited. 1 LKQ Europe Program In September 2019, we announced a multi-year program called "1 LKQ Europe" which is intended to create structural centralization and standardization of key functions to facilitate the operation of the Europe segment as a single business. Under the 1 LKQ Europe program, we will reorganize our non-customer-facing teams and support systems through various projects including the implementation of a common ERP platform, rationalization of our product portfolio, and creation of a Europe headquarters office and central back office. We continue to expect to incur between $45 million and $55 million in total per sonnel and inventory related restructuring charges through 2024 as a result of executing the 1 LKQ Europe program. Certain projects were delayed in March 2020 in response to the COVID-19 pandemic. Based on our expectations in the second quarter of 2020 that the impacts on our business from COVID-19 had stabilized, we restarted the program in July 2020 with substantially the same initiatives and projects as prior to the pandemic, although we are evaluating the impact of the delay on our estimates of the related expenditures and timelines. We may also identify additional initiatives and projects under the 1 LKQ Europe program in future periods that may result in additional restructuring expense, although we are currently unable to estimate the range of charges for such potential future initiatives and projects.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Comprehensive Income (Loss) Note [Text Block]	Accumulated Other Comprehensive Income (Loss) The components of Accumulated Other Comprehensive Income (Loss) are as follows (in thousands): Three Months Ended June 30, 2020 Foreign Unrealized (Loss) Gain Unrealized (Loss) Gain Other Comprehensive (Loss) Income from Unconsolidated Subsidiaries Accumulated Beginning balance $ (274,858) $ (1,963) $ (31,814) $ (5,268) $ (313,903) Pretax income (loss) 30,663 (7,807) — — 22,856 Income tax effect — 1,842 — — 1,842 Reclassification of unrealized loss — 7,761 2,655 — 10,416 Reclassification of deferred income taxes — (1,827) (780) — (2,607) Disposal of business 671 — — — 671 Other comprehensive income from unconsolidated subsidiaries — — — 962 962 Ending balance $ (243,524) $ (1,994) $ (29,939) $ (4,306) $ (279,763) Three Months Ended June 30, 2019 Foreign Unrealized Gain (Loss) Unrealized (Loss) Gain Other Comprehensive (Loss) Income from Unconsolidated Subsidiaries Accumulated Beginning balance $ (187,492) $ 11,637 $ (7,884) $ (7,115) $ (190,854) Pretax income (loss) 5,602 (9,418) — — (3,816) Income tax effect — 2,230 — — 2,230 Reclassification of unrealized loss — 2,013 37 — 2,050 Reclassification of deferred income taxes — (475) (9) — (484) Other comprehensive income from unconsolidated subsidiaries — — — 2,321 2,321 Ending balance $ (181,890) $ 5,987 $ (7,856) $ (4,794) $ (188,553) Six Months Ended June 30, 2020 Foreign Unrealized Gain (Loss) Unrealized (Loss) Gain Other Comprehensive Loss from Unconsolidated Subsidiaries Accumulated Beginning balance $ (170,893) $ 5,358 $ (31,934) $ (3,416) $ (200,885) Pretax loss (73,397) (3,625) — — (77,022) Income tax effect — 858 — — 858 Reclassification of unrealized (gain) loss — (5,946) 2,769 — (3,177) Reclassification of deferred income taxes — 1,361 (774) — 587 Disposal of business 766 — — — 766 Other comprehensive loss from unconsolidated subsidiaries — — — (890) (890) Ending balance $ (243,524) $ (1,994) $ (29,939) $ (4,306) $ (279,763) Six Months Ended June 30, 2019 Foreign Unrealized Gain (Loss) Unrealized (Loss) Gain Other Comprehensive Loss from Unconsolidated Subsidiaries Accumulated Beginning balance $ (177,597) $ 14,374 $ (8,075) $ (3,652) $ (174,950) Pretax (loss) income (4,293) 6,175 — — 1,882 Income tax effect — (1,424) — — (1,424) Reclassification of unrealized (gain) loss — (17,175) 290 — (16,885) Reclassification of deferred income taxes — 4,037 (71) — 3,966 Other comprehensive loss from unconsolidated subsidiaries — — — (1,142) (1,142) Ending balance $ (181,890) $ 5,987 $ (7,856) $ (4,794) $ (188,553) The amounts of unrealized gains and losses on our Cash Flow Hedges reclassified to our Unaudited Condensed Consolidated Statements of Income are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, Classification 2020 2019 2020 2019 Unrealized (losses) gains on interest rate swaps Interest expense, net of interest income $ (1,769) $ 1,763 $ 1,527 $ 3,455 Unrealized gains on cross currency swaps Interest expense, net of interest income 2,796 4,319 5,347 8,649 Unrealized (losses) gains on cross currency swaps (1) Other income, net (8,788) (8,095) (928) 5,071 Total $ (7,761) $ (2,013) $ 5,946 $ 17,175 (1) The amounts reclassified to Other income, net in our Unaudited Condensed Consolidated Statements of Income offset the impact of the remeasurement of the underlying transactions. Net unrealized losses related to our pension plans were reclassified to Other income, net in our Consolidated Statements of Income during each of the six months ended June 30, 2020 and 2019. Our policy is to reclassify the income tax effect from Accumulated other comprehensive income (loss) to the Provision for income taxes when the related gains and losses are released to the Unaudited Condensed Consolidated Statements of Income.
Accumulated Other Comprehensive Income (Loss)	The components of Accumulated Other Comprehensive Income (Loss) are as follows (in thousands): Three Months Ended June 30, 2020 Foreign Unrealized (Loss) Gain Unrealized (Loss) Gain Other Comprehensive (Loss) Income from Unconsolidated Subsidiaries Accumulated Beginning balance $ (274,858) $ (1,963) $ (31,814) $ (5,268) $ (313,903) Pretax income (loss) 30,663 (7,807) — — 22,856 Income tax effect — 1,842 — — 1,842 Reclassification of unrealized loss — 7,761 2,655 — 10,416 Reclassification of deferred income taxes — (1,827) (780) — (2,607) Disposal of business 671 — — — 671 Other comprehensive income from unconsolidated subsidiaries — — — 962 962 Ending balance $ (243,524) $ (1,994) $ (29,939) $ (4,306) $ (279,763) Three Months Ended June 30, 2019 Foreign Unrealized Gain (Loss) Unrealized (Loss) Gain Other Comprehensive (Loss) Income from Unconsolidated Subsidiaries Accumulated Beginning balance $ (187,492) $ 11,637 $ (7,884) $ (7,115) $ (190,854) Pretax income (loss) 5,602 (9,418) — — (3,816) Income tax effect — 2,230 — — 2,230 Reclassification of unrealized loss — 2,013 37 — 2,050 Reclassification of deferred income taxes — (475) (9) — (484) Other comprehensive income from unconsolidated subsidiaries — — — 2,321 2,321 Ending balance $ (181,890) $ 5,987 $ (7,856) $ (4,794) $ (188,553) Six Months Ended June 30, 2020 Foreign Unrealized Gain (Loss) Unrealized (Loss) Gain Other Comprehensive Loss from Unconsolidated Subsidiaries Accumulated Beginning balance $ (170,893) $ 5,358 $ (31,934) $ (3,416) $ (200,885) Pretax loss (73,397) (3,625) — — (77,022) Income tax effect — 858 — — 858 Reclassification of unrealized (gain) loss — (5,946) 2,769 — (3,177) Reclassification of deferred income taxes — 1,361 (774) — 587 Disposal of business 766 — — — 766 Other comprehensive loss from unconsolidated subsidiaries — — — (890) (890) Ending balance $ (243,524) $ (1,994) $ (29,939) $ (4,306) $ (279,763) Six Months Ended June 30, 2019 Foreign Unrealized Gain (Loss) Unrealized (Loss) Gain Other Comprehensive Loss from Unconsolidated Subsidiaries Accumulated Beginning balance $ (177,597) $ 14,374 $ (8,075) $ (3,652) $ (174,950) Pretax (loss) income (4,293) 6,175 — — 1,882 Income tax effect — (1,424) — — (1,424) Reclassification of unrealized (gain) loss — (17,175) 290 — (16,885) Reclassification of deferred income taxes — 4,037 (71) — 3,966 Other comprehensive loss from unconsolidated subsidiaries — — — (1,142) (1,142) Ending balance $ (181,890) $ 5,987 $ (7,856) $ (4,794) $ (188,553)

Equity Incentive Plans

Equity Incentive Plans	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Equity Incentive Plans	Stock-Based Compensation In order to attract and retain employees, non-employee directors, consultants, and other persons associated with us, we grant equity-based awards under the LKQ Corporation 1998 Equity Incentive Plan (the “Equity Incentive Plan”). We have granted restricted stock units ("RSUs"), stock options, and restricted stock under the Equity Incentive Plan. We expect to issue new or treasury shares of common stock to cover past and future equity grants. RSUs The RSUs we have issued vest over periods of up to five years, subject to a continued service condition. Currently outstanding RSUs (other than PSUs, which are described below) contain either a time-based vesting condition or a combination of a performance-based vesting condition and a time-based vesting condition, in which case both conditions must be met before any RSUs vest. For all of the RSUs containing a performance-based vesting condition, the Company must report positive diluted earnings per share, subject to certain adjustments, during any fiscal year period within five years following the grant date. Each RSU converts into one share of LKQ common stock on the applicable vesting date. The grant date fair value of RSUs is based on the market price of LKQ stock on the grant date. Starting with our 2019 grants, participants who are eligible for retirement (defined as a voluntary separation of service from the Company after the participant has attained at least 60 years of age and completed at least five years of service) will continue to vest in their awards following retirement; if retirement occurs during the first year of the vesting period (for RSUs subject to a time-based vesting condition) or the first year of the performance period (for RSUs with a performance-based vesting condition), the participant vests in a prorated amount of the RSU grant based on the portion of the year employed. For our RSU grants prior to 2019, participants forfeit their unvested shares upon retirement. The fair value of RSUs that vested during the six months ended June 30, 2020 was $17 million ; the fair value of RSUs vested is based on the market price of LKQ stock on the date vested. The following table summarizes activity related to our RSUs under the Equity Incentive Plan for the six months ended June 30, 2020: Number Weighted Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) (1) Unvested as of January 1, 2020 1,612,026 $ 31.72 Granted 887,907 $ 31.71 Vested (550,661) $ 30.94 Forfeited / Canceled (77,143) $ 32.81 Unvested as of June 30, 2020 1,872,129 $ 31.90 Expected to vest after June 30, 2020 1,660,511 $ 31.83 3.1 $ 43,505 (1) The aggregate intrinsic value of expected to vest RSUs represents the total pretax intrinsic value (the fair value of the Company's stock on the last day of each period multiplied by the number of units) that would have been received by the holders had all RSUs vested. This amount changes based on the market price of the Company’s common stock. In 2019 and 2020, we granted performance-based three-year RSUs ("PSUs") to certain employees, including our executive officers, under our Equity Incentive Plan. As these awards are performance-based, the exact number of shares to be paid out may be up to twice the grant amount, depending on the Company's performance and the achievement of certain performance metrics (adjusted earnings per share, average organic parts and services revenue growth, and average return on invested capital) over the applicable three year performance periods. The following table summarizes activity related to our PSUs under the Equity Incentive Plan for the six months ended June 30, 2020: Number Weighted Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) (1) Unvested as of January 1, 2020 136,170 $ 27.69 Granted (2) 164,152 $ 31.85 Forfeited / Canceled (7,375) $ 29.65 Unvested as of June 30, 2020 292,947 $ 29.97 Expected to vest after June 30, 2020 292,947 $ 29.97 2.0 $ 7,675 (1) The aggregate intrinsic value of expected to vest PSUs represents the total pretax intrinsic value (the fair value of the Company's stock on the last day of each period multiplied by the number of units at target) that would have been received by the holders had all PSUs vested. This amount changes based on the market price of the Company’s common stock and the achievement of the performance metrics relative to the established targets. (2) Represents the number of PSUs at target payout. Stock Options Stock options vested over periods of up to five years, subject to a continued service condition. Stock options expired either six years or ten years from the date they were granted. No options were granted during the six months ended June 30, 2020. No options vested during the six months ended June 30, 2020. The following table summarizes activity related to our stock options under the Equity Incentive Plan for the six months ended June 30, 2020: Number Weighted Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Balance as of January 1, 2020 114,594 $ 12.26 Exercised (112,472) $ 11.88 $ 2,629 Canceled (2,122) $ 32.31 Balance as of June 30, 2020 — $ — — $ — All stock options were exercised or canceled as of March 31, 2020. Stock-Based Compensation Expense Pre-tax stock-based compensation expense for RSUs and PSUs totaled $8 million and $16 million for the three and six months ended June 30, 2020, respectively, and $8 million and $14 million for the three and six months ended June 30, 2019, respectively. As of June 30, 2020, unrecognized compensation expense related to unvested RSUs and PSUs was $51 million . Stock-based compensation expense related to these awards will be different to the extent that forfeitures ar e realized and performance under the PSUs differs from target.

Earnings Per Share Earnings Per

Earnings Per Share Earnings Per Share (Notes)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Earnings Per Share The following chart sets forth the computation of earnings per share (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Income from continuing operations $ 118,493 $ 151,707 $ 265,387 $ 250,770 Denominator for basic earnings per share—Weighted-average shares outstanding 304,001 311,891 305,123 313,460 Effect of dilutive securities: RSUs 189 315 352 364 PSUs — — — — Stock options — 513 2 536 Denominator for diluted earnings per share—Adjusted weighted-average shares outstanding 304,190 312,719 305,477 314,360 Basic earnings per share from continuing operations $ 0.39 $ 0.49 $ 0.87 $ 0.80 Diluted earnings per share from continuing operations (1) $ 0.39 $ 0.49 $ 0.87 $ 0.80 (1) Diluted earnings per share from continuing operations was computed using the treasury stock method for dilutive securities. The following table sets forth the number of employee stock-based compensation awards outstanding but not included in the computation of diluted earnings per share because their effect would have been antidilutive for the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Antidilutive securities: RSUs 1,444 559 913 579 Stock options — 32 — 32

Long-Term Obligations

Long-Term Obligations	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Long-Term Obligations	Long-Term Obligations Long-term obligations consist of the following (in thousands): June 30, December 31, 2020 2019 Senior secured credit agreement: Term loans payable $ 332,500 $ 341,250 Revolving credit facilities 1,138,928 1,268,008 U.S. Notes (2023) — 600,000 Euro Notes (2024) 561,700 560,650 Euro Notes (2026/28) 1,123,400 1,121,300 Receivables securitization facility — — Notes payable through October 2030 at weighted average interest rates of 3.1% and 3.2%, respectively 27,202 26,971 Finance lease obligations at weighted average interest rates of 3.9% and 4.1%, respectively 43,472 40,837 Other debt at weighted average interest rates of 1.3% and 1.8%, respectively 51,251 113,010 Total debt 3,278,453 4,072,026 Less: long-term debt issuance costs (27,208) (29,990) Less: current debt issuance costs (320) (280) Total debt, net of debt issuance costs 3,250,925 4,041,756 Less: current maturities, net of debt issuance costs (93,200) (326,367) Long term debt, net of debt issuance costs $ 3,157,725 $ 3,715,389 Senior Secured Credit Agreement On June 11, 2020, LKQ Corporation and certain other subsidiaries of LKQ (collectively, the "Borrowers") entered into Amendment No. 4 to the Fourth Amended and Restated Credit Agreement dated January 29, 2016 (the "Credit Agreement"), which modifies the maximum permitted net leverage ratio through the quarter ending September 30, 2021. Prior to the amendment, the maximum permitted net leverage ratio was 4.00:1.00. After the amendment, the maximum permitted net leverage ratio is (i) 5.00:1.00 for the quarters ending June 30, 2020, September 30, 2020, December 31, 2020 and March 31, 2021, (ii) 4.50:1.00 for the quarter ending June 30, 2021, and (iii) 4.25:1.00 for the quarter ending September 30, 2021. Beginning with the quarter ending December 31, 2021, the maximum permitted net leverage ratio reverts to the terms in effect prior to the amendment. In the event that the net leverage ratio is greater than 4.00:1.00, the Company would be restricted from repurchasing its shares. We can at any time elect to cancel the modifications to the maximum permitted net leverage ratio and revert to the terms in effect prior to the amendment subject to compliance with the 4.00:1.00 ratio. Amendment No. 4 to the Credit Agreement also made certain other immaterial modifications. The total availability under the revolving credit facility's multicurrency component is $3.15 billion. Amounts outstanding under the revolving credit facility are due and payable upon maturity of the Credit Agreement on January 29, 2024. Term loan borrowings, which totaled $333 million as of June 30, 2020, are due and payable in quarterly installments equal to approximately $4 million on the last day of each fiscal quarter, with the remaining balance due and payable on January 29, 2024. We are required to prepay the term loan by amounts equal to proceeds from the sale or disposition of certain assets if the proceeds are not reinvested within twelve months. We also have the option to prepay outstanding amounts under the Credit Agreement without penalty. The Credit Agreement contains customary representations and warranties and customary covenants that provide limitations and conditions on our ability to enter into certain transactions. The Credit Agreement also contains financial and affirmative covenants, including limitations on our net leverage ratio and a minimum interest coverage ratio. Borrowings under the Credit Agreement bear interest at variable rates, which depend on the currency and duration of the borrowing elected, plus an applicable margin. The applicable margin is subject to change in increments of 0.25% depending on our net leverage ratio. Interest payments are due on the last day of the selected interest period or quarterly in arrears depending on the type of borrowing. Including the effect of the interest rate swap agreements described in Note 10, "Derivative Instruments and Hedging Activities," the weighted average interest rates on borrowings outstanding under the Credit Agreement at June 30, 2020 and December 31, 2019 were 1.5% and 1.6%, respectively. We also pay a commitment fee based on the average daily unused amount of the revolving credit facilities. The commitment fee is subject to change in increments of 0.05% depending on our net leverage ratio. In addition, we pay a participation commission on outstanding letters of credit at an applicable rate based on our net leverage ratio, and a fronting fee of 0.125% to the issuing bank, which are due quarterly in arrears. Of the total borrowings outstanding under the Credit Agreement, there were $18 million classified as current maturities at both June 30, 2020 and December 31, 2019. As of June 30, 2020, there were letters of credit outstanding in the aggregate amount of $70 million. The amounts available under the revolving credit facilities are reduced by the amounts outstanding under letters of credit, and thus availability under the revolving credit facilities at June 30, 2020 was $1.9 billion. Related to the execution of Amendment No. 4 to the Fourth Amended and Restated Credit Agreement in June 2020, we incurred $4 million of fees, the majority of which were capitalized as an offset to Long-Term Obligations and are amortized over the term of the agreement. U.S. Notes (2023) In 2013, we issued $600 million aggregate principal amount of 4.75% senior notes due 2023 (the "U.S. Notes (2023)"). The U.S. Notes (2023) were governed by the Indenture dated as of May 9, 2013 (the "U.S. Notes (2023) Indenture") among LKQ Corporation, certain of our subsidiaries (the "Guarantors"), the trustee, paying agent, transfer agent and registrar. The U.S. Notes (2023) were registered under the Securities Act of 1933. The U.S. Notes (2023) bore interest at a rate of 4.75% per year from the most recent payment date on which interest had been paid or provided for. Interest on the U.S. Notes (2023) was payable in arrears on May 15 and November 15 of each year. The U.S. Notes (2023) were fully and unconditionally guaranteed, jointly and severally, by the Guarantors. The U.S. Notes (2023) and the related guarantees were, respectively, LKQ Corporation's and each Guarantor's senior unsecured obligations and were subordinated to all of the Guarantors' existing and future secured debt to the extent of the assets securing that secured debt. In addition, the U.S. Notes (2023) were effectively subordinated to all of the liabilities of our subsidiaries that were not guaranteeing the U.S. Notes (2023) to the extent of the assets of those subsidiaries. On January 10, 2020, we redeemed the U.S Notes (2023) at a redemption price equal to 101.583% of the principal amount of the U.S. Notes (2023) plus accrued and unpaid interest thereon to, but not including, January 10, 2020. The total redemption payment was $614 million, including an early-redemption premium of $9 million and accrued and unpaid interest of $4 million. In the first quarter of 2020, we recorded a loss on debt extinguishment of $13 million on the Unaudited Condensed Consolidated Statements of Income related to the redemption due to the early-redemption premium and the write-off of the unamortized debt issuance costs. Euro Notes (2024) On April 14, 2016, LKQ Italia Bondco S.p.A. ("LKQ Italia"), an indirect, wholly-owned subsidiary of LKQ Corporation, completed an offering of €500 million aggregate principal amount of senior notes due April 1, 2024 (the "Euro Notes (2024)") in a private placement conducted pursuant to Regulation S and Rule 144A under the Securities Act of 1933. The proceeds from the offering were used to repay a portion of the revolver borrowings under the Credit Agreement and to pay related fees and expenses. The Euro Notes (2024) are governed by the Indenture dated as of April 14, 2016 (the "Euro Notes (2024) Indenture") among LKQ Italia, LKQ Corporation and certain of our subsidiaries (the "Euro Notes (2024) Subsidiaries"), the trustee, and the paying agent, transfer agent, and registrar. The Euro Notes (2024) bear interest at a rate of 3.875% per year from the date of original issuance or from the most recent payment date on which interest has been paid or provided for. Interest on the Euro Notes (2024) is payable in arrears on April 1 and October 1 of each year. The Euro Notes (2024) are fully and unconditionally guaranteed by LKQ Corporation and the Euro Notes (2024) Subsidiaries (the "Euro Notes (2024) Guarantors"). The Euro Notes (2024) and the related guarantees are, respectively, LKQ Italia's and each Euro Notes (2024) Guarantor's senior unsecured obligations and are subordinated to all of LKQ Italia's and the Euro Notes (2024) Guarantors' existing and future secured debt to the extent of the assets securing that secured debt. In addition, the Euro Notes (2024) are effectively subordinated to all of the liabilities of our subsidiaries that are not guaranteeing the Euro Notes (2024) to the extent of the assets of those subsidiaries. The Euro Notes (2024) have been listed on the ExtraMOT, Professional Segment of the Borsa Italia S.p.A. securities exchange and the Global Exchange Market of Euronext Dublin. The Euro Notes (2024) are redeemable, in whole or in part, at any time at a redemption price of 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to the redemption date plus a "make whole" premium. On or after January 1, 2024, we may redeem some or all of the Euro Notes (2024) at a redemption price of 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to the redemption date. We may be required to make an offer to purchase the Euro Notes (2024) upon the sale of certain assets, subject to certain exceptions, and upon a change of control. In addition, in the event of certain developments affecting taxation or under certain other circumstances which, in any case, require the payment of certain additional amounts, we may redeem the Euro Notes (2024) in whole, but not in part, at any time at a redemption price of 100% of the principal amount thereof plus accrued but unpaid interest, if any, and such certain additional amounts, if any, to the redemption date. Euro Notes (2026/28) On April 9, 2018, LKQ European Holdings B.V. ("LKQ Euro Holdings"), a wholly-owned subsidiary of LKQ Corporation, completed an offering of €1.0 billion aggregate principal amount of senior notes. The offering consisted of €750 million senior notes due 2026 (the "2026 notes") and €250 million senior notes due 2028 (the "2028 notes" and, together with the 2026 notes, the "Euro Notes (2026/28)") in a private placement conducted pursuant to Regulation S and Rule 144A under the Securities Act of 1933. The proceeds from the offering, together with borrowings under our senior secured credit facility, were used to (i) finance a portion of the consideration paid for the Stahlgruber acquisition, (ii) for general corporate purposes and (iii) to pay related fees and expenses, including the refinancing of net financial debt. The Euro Notes (2026/28) are governed by the Indenture dated as of April 9, 2018 (the “Euro Notes (2026/28) Indenture”) among LKQ Euro Holdings, LKQ Corporation and certain of our subsidiaries (the “Euro Notes (2026/28) Subsidiaries”), the trustee, paying agent, transfer agent, and registrar. The 2026 notes and 2028 notes bear interest at rates of 3.625% and 4.125%, respectively, per year from the date of original issuance or from the most recent payment date on which interest has been paid or provided for. Interest on the Euro Notes (2026/28) is payable in arrears on April 1 and October 1 of each year. The Euro Notes (2026/28) are fully and unconditionally guaranteed by LKQ Corporation and the Euro Notes (2026/28) Subsidiaries (the "Euro Notes (2026/28) Guarantors"). The Euro Notes (2026/28) and the related guarantees are, respectively, LKQ Euro Holdings' and each Euro Notes (2026/28) Guarantor’s senior unsecured obligations and will be subordinated to all of LKQ Euro Holdings' and the Euro Notes (2026/28) Guarantors’ existing and future secured debt to the extent of the assets securing that secured debt. In addition, the Euro Notes (2026/28) are effectively subordinated to all of the liabilities of our subsidiaries that are not guaranteeing the Euro Notes (2026/28) to the extent of the assets of those subsidiaries. The Euro Notes (2026/28) have been listed on the Global Exchange Market of Euronext Dublin. The Euro Notes (2026/28) are redeemable, in whole or in part, at any time at a redemption price of 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to the redemption date plus a "make whole" premium. On or after April 1, 2021, we may redeem some or all of the 2026 notes at the applicable redemption prices set forth in the Euro Notes (2026/28) Indenture. On or after April 1, 2023, we may redeem some or all of the 2028 notes at the applicable redemption prices set forth in the Euro Notes (2026/28) Indenture. We also may redeem up to 35% of the 2026 notes and up to 35% of the 2028 notes before April 1, 2021 with the net cash proceeds from certain equity offerings. We may be required to make an offer to purchase the Euro Notes (2026/28) upon the sale of certain assets, subject to certain exceptions, and upon a change of control. In addition, in the event of certain developments affecting taxation or under certain other circumstances which, in any case, require the payment of certain additional amounts, we may redeem the Euro Notes (2026/28) in whole, but not in part, at any time at a redemption price of 100% of the principal amount thereof, plus accrued but unpaid interest, if any, and such certain additional amounts, if any, to the redemption date. Related to the execution of the Euro Notes (2026/28) in April 2018, we incurred $16 million of fees, which were capitalized as an offset to Long-Term Obligations and are amortized over the term of the Euro Notes (2026/28). Receivables Securitization Facility On December 20, 2018, we amended the terms of our receivables securitization facility with MUFG Bank, Ltd. ("MUFG") to: (i) extend the term of the facility to November 8, 2021; (ii) increase the maximum amount available to $110 million; and (iii) make other clarifying and updating changes. Under the facility, LKQ sells an ownership interest in certain receivables, related collections and security interests to MUFG for the benefit of conduit investors and/or financial institutions for cash proceeds. Upon payment of the receivables by customers, rather than remitting to MUFG the amounts collected, LKQ retains such collections as proceeds for the sale of new receivables generated by certain of the ongoing operations of the Company. The sale of the ownership interest in the receivables is accounted for as a secured borrowing on our Unaudited Condensed Consolidated Balance Sheets, under which the receivables included in the program collateralize the amounts invested by MUFG, the conduit investors and/or financial institutions (the "Purchasers"). The receivables are held by LKQ Receivables Finance Company, LLC ("LRFC"), a wholly owned bankruptcy-remote special purpose subsidiary of LKQ, and therefore, the receivables are available first to satisfy the creditors of LRFC, including the Purchasers. Net receivables totaling

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities (Notes)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Derivative Instruments and Hedging Activities We are exposed to market risks, including the effect of changes in interest rates, foreign currency exchange rates and commodity prices. Under our current policies, we use derivatives to manage our exposure to variable interest rates on our senior secured debt and changing foreign exchange rates for certain foreign currency denominated transactions. We do not hold or issue derivatives for trading purposes. Cash Flow Hedges We hold interest rate swap agreements to hedge a portion of the variable interest rate risk on our variable rate borrowings under our Credit Agreement, with the objective of minimizing the impact of interest rate fluctuations and stabilizing cash flows. Under the terms of the interest rate swap agreements, we pay the fixed interest rate and receive payment at a variable rate of interest based on LIBOR for the respective currency of each interest rate swap agreement’s notional amount. Changes in the fair value of the interest rate swap agreements are recorded in Accumulated Other Comprehensive Income (Loss) and are reclassified to Interest expense, net of interest income when the underlying interest payment has an impact on earnings. Our interest rate swap contracts have maturity dates in January 2021 and June 2021. From time to time, we may hold foreign currency forward contracts related to certain foreign currency denominated intercompany transactions, with the objective of minimizing the impact of fluctuating exchange rates on these future cash flows. Under the terms of the foreign currency forward contracts, we will sell the foreign currency in exchange for U.S. dollars at a fixed rate on the maturity dates of the contracts. Changes in the fair value of the foreign currency forward contracts are recorded in Accumulated Other Comprehensive Income (Loss) and reclassified to Other income, net when the underlying transaction has an impact on earnings. We hold cross currency swaps, which contain an interest rate swap component and a foreign currency forward contract component that, combined with related intercompany financing arrangements, effectively convert variable rate U.S. dollar-denominated borrowings into fixed rate euro-denominated borrowings. The swaps are intended to minimize the impact of fluctuating exchange rates and interest rates on the cash flows resulting from the related intercompany financing arrangements. Changes in the fair value of the derivative instruments are recorded in Accumulated Other Comprehensive Income (Loss) and are reclassified to Interest expense, net of interest income and Other income, net when the underlying transactions have an impact on earnings. For certain of the swaps, the notional amount steps down by €4 million quarterly, with the balance maturing at the end of the contract. Our cross currency swaps have maturity dates in October 2020 and January 2021. The activity related to our cash flow hedges is presented in operating activities in our Unaudited Condensed Consolidated Statements of Cash Flows. The following tables summarize the notional amounts and fair values of our designated cash flow hedges as of June 30, 2020 and December 31, 2019 (in thousands): Notional Amount Fair Value at June 30, 2020 (USD) June 30, 2020 Other Current Assets Other Noncurrent Assets Other Accrued Expenses Other Noncurrent Liabilities Interest rate swap agreements USD denominated $ 480,000 $ — $ — $ 3,005 $ — Cross currency swap agreements USD/euro $ 458,689 2,717 — 24,559 — Total cash flow hedges $ 2,717 $ — $ 27,564 $ — Notional Amount Fair Value at December 31, 2019 (USD) December 31, 2019 Other Current Assets Other Noncurrent Assets Other Accrued Expenses Other Noncurrent Liabilities Interest rate swap agreements USD denominated $ 480,000 $ — $ 3,262 $ — $ — Cross currency swap agreements USD/euro $ 466,621 2,975 181 970 23,349 Total cash flow hedges $ 2,975 $ 3,443 $ 970 $ 23,349 While certain derivative instruments executed with the same counterparty are subject to master netting arrangements, we present our cash flow hedge derivative instruments on a gross basis on our Unaudited Condensed Consolidated Balance Sheets. The impact of netting the fair values of these contracts would result in a decrease to Prepaid expenses and other current assets and Other accrued expenses on our Unaudited Condensed Consolidated Balance Sheets of $3 million and $1 million at June 30, 2020 and December 31, 2019, respectively. The impact of netting the fair values of these contracts would result in a decrease to Other noncurrent assets and Other noncurrent liabilities on our Unaudited Condensed Consolidated Balance Sheets of $1 million at December 31, 2019; there would be no impact at June 30, 2020. The activity related to our cash flow hedges is included in Note 8, "Accumulated Other Comprehensive Income (Loss)." As of June 30, 2020, we estimate that we will reclassify an immaterial amount of derivative losses (net of tax) from Accumulated Other Comprehensive Income (Loss) to Interest expense, net of interest income in our Unaudited Condensed Consolidated Statements of Income within the next 12 months. We estimate that we will also reclassify $2 million of derivative losses (net of tax) from Accumulated Other Comprehensive Income (Loss) to Other income, net in our Unaudited Condensed Consolidated Statements of Income within the next 12 months; the reclassification of derivative losses to Other income, net offsets the projected impact of the remeasurement of the underlying transactions. Other Derivative Instruments

Fair Value Measurements (Notes)

Fair Value Measurements (Notes)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Disclosures	Fair Value Measurements Financial Assets and Liabilities Measured at Fair Value We use the market and income approaches to estimate the fair value of our financial assets and liabilities, and during the three and six months ended June 30, 2020, there were no significant changes in valuation techniques or inputs related to the financial assets or liabilities that we have historically recorded at fair value. The tiers in the fair value hierarchy include: Level 1, defined as observable inputs such as quoted market prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as significant unobservable inputs for which little or no market data exists, therefore requiring an entity to develop its own assumptions. The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs we utilized to determine such fair value as of June 30, 2020 and December 31, 2019 (in thousands): Balance as of June 30, 2020 Fair Value Measurements as of June 30, 2020 Level 1 Level 2 Level 3 Assets: Cash surrender value of life insurance $ 59,599 $ — $ 59,599 $ — Cross currency swap agreements 2,717 — 2,717 — Total Assets $ 62,316 $ — $ 62,316 $ — Liabilities: Contingent consideration liabilities $ 11,914 $ — $ — $ 11,914 Interest rate swaps 3,005 — 3,005 — Deferred compensation liabilities 63,863 — 63,863 — Cross currency swap agreements 24,559 — 24,559 — Total Liabilities $ 103,341 $ — $ 91,427 $ 11,914 Balance as of December 31, 2019 Fair Value Measurements as of December 31, 2019 Level 1 Level 2 Level 3 Assets: Cash surrender value of life insurance $ 60,637 $ — $ 60,637 $ — Interest rate swaps 3,262 — 3,262 — Cross currency swap agreements 3,156 — 3,156 — Total Assets $ 67,055 $ — $ 67,055 $ — Liabilities: Contingent consideration liabilities $ 11,539 $ — $ — $ 11,539 Deferred compensation liabilities 63,981 — 63,981 — Cross currency swap agreements 24,319 — 24,319 — Total Liabilities $ 99,839 $ — $ 88,300 $ 11,539 The cash surrender value of life insurance is included in Other noncurrent assets on our Unaudited Condensed Consolidated Balance Sheets. The current portion of contingent consideration liabilities is included in Other current liabilities on our Unaudited Condensed Consolidated Balance Sheets; the noncurrent portion of deferred compensation liabilities and contingent consideration liabilities is included in Other noncurrent liabilities on our Unaudited Condensed Consolidated Balance Sheets based on the expected timing of the related payments. The balance sheet classification of the interest rate swaps and cross currency swap agreements is presented in Note 10, "Derivative Instruments and Hedging Activities." Our Level 2 assets and liabilities are valued using inputs from third parties and market observable data. We obtain valuation data for the cash surrender value of life insurance and deferred compensation liabilities from third party sources, which determine the net asset values for our accounts using quoted market prices, investment allocations and reportable trades. We value our other derivative instruments using a third party valuation model that performs a discounted cash flow analysis based on the terms of the contracts and market observable inputs such as current and forward interest rates and current and forward foreign exchange rates. Our contingent consideration liabilities are related to our business acquisitions. Under the terms of the contingent consideration agreements, payments may be made at specified future dates depending on the performance of the acquired business subsequent to the acquisition. The liabilities for these payments are classified as Level 3 liabilities because the related fair value measurement, which is determined using an income approach, includes significant inputs not observable in the market. Financial Assets and Liabilities Not Measured at Fair Value Our debt is reflected on the Unaudited Condensed Consolidated Balance Sheets at cost. Based on market conditions as of both June 30, 2020 and December 31, 2019, the fair value of our credit agreement borrowings reasonably approximated the carrying values of $1.5 billion and $1.6 billion, respectively. As of June 30, 2020 and December 31, 2019 there were no outstanding borrowings under the receivables facility. As of December 31, 2019, the fair value of the U.S. Notes (2023) was approximately $609 million compared to a carrying value of $600 million ; as of June 30, 2020, there were no outstanding borrowings on the U.S. Notes (2023). As of June 30, 2020 and December 31, 2019, the fair values of the Euro Notes (2024) were approximately $583 million and $632 million, respectively, compared to carrying values of $562 million and $561 million, respectively. As of June 30, 2020 and December 31, 2019, the fair value of the Euro Notes (2026/28) was $1.2 billion at each date, compared to a carrying value of $1.1 billion at each date.

Employee Benefit Plans (Notes)

Employee Benefit Plans (Notes)	6 Months Ended
	Jun. 30, 2020
Employee Benefit Plans [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Employee Benefit Plans We have funded and unfunded defined benefit plans covering certain employee groups in the U.S. and various European countries. Local statutory requirements govern many of our European plans. The defined benefit plans are mostly closed to new participants and, in some cases, existing participants no longer accrue benefits. As of each of June 30, 2020 and December 31, 2019, the aggregate funded status of the defined benefit plans was a liability of $142 million, and is reported in Other noncurrent liabilities and Accrued payroll-related liabilities on our Unaudited Condensed Consolidated Balance Sheets. On June 28, 2019, we approved an amendment to terminate our primary defined benefit plan in the U.S. (the "U.S. Plan") and to freeze all related benefit accruals, effective June 30, 2019. U.S. Plan participants will receive their full accrued benefits from plan assets by electing either lump sum distributions or annuity contracts with a qualifying third-party annuity provider. The resulting settlement effect of the U.S. Plan termination will be determined based on prevailing market conditions, the lump sum offer participation rate of eligible participants, the actual lump sum distributions, and annuity purchase rates at the date of distribution. During the quarter ended June 30, 2020, participants were able to elect lump-sum distributions. As a result of these elections and subsequent payments, we reclassified $2 million of unrealized loss from Accumulated Other Comprehensive Income to Other income, net in our Unaudited Condensed Consolidated Statements of Income as of June 30, 2020 to reflect the partial settlement of the plan. We expect to settle the remaining obligations under the plan by the end of 2020 through the purchase of annuity contracts. Actuarial valuations to support settlement entries will be completed upon the finalization of lump sum distributions during the third quarter of 2020 and then additionally in the fourth quarter upon the purchase of annuity contracts. We expect that these valuations will result in additional charges recognized through Other income, net, but are unable to quantify them at this time. Net periodic benefit cost for our defined benefit plans included the following components for the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Service cost $ 856 $ 1,074 $ 1,526 $ 1,661 Interest cost 731 1,010 1,449 1,995 Expected return on plan assets (662) (560) (1,140) (1,340) Amortization of actuarial loss 555 37 669 290 Settlement loss 2,100 — 2,100 — Net periodic benefit cost $ 3,580 $ 1,561 $ 4,604 $ 2,606

Income Taxes (Notes)

Income Taxes (Notes)	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes At the end of each interim period, we estimate our annual effective tax rate and apply that rate to our interim earnings. We also record the tax impact of certain unusual or infrequently occurring items, including changes in judgment about valuation allowances and the effects of changes in tax laws or rates, in the interim period in which they occur. The computation of the annual estimated effective tax rate at each interim period requires certain estimates and significant judgment including, but not limited to, the expected operating income for the year, projections of the proportion of income earned and taxed in state and foreign jurisdictions, permanent and temporary differences between book and taxable income, and the likelihood of recovering deferred tax assets generated in the current year. The accounting estimates used to compute the provision for income taxes may change as new events occur, additional information is obtained or as the tax environment changes. Our effective income tax rate for the six months ended June 30, 2020 was 27.7% , compared to 27.1% for the comparable prior year period. The increase is attributable to a higher expected annual effective tax rate in 2020 as a result of the estimated unfavorable impa ct of the COVID-19 pandemic on the Company’s results of operations. The primary factor in the increase is the impact of lower available interest deductions in certain foreign jurisdictions due to legislative thin capitalization constraints, typically based on profitability. For the six months ended June 30, 2020, the effective tax rate was reduced 0.3% by favorable discrete items, primarily excess tax benefits on stock-based compensation and deferred tax adjustments as a result of statutory tax rate changes. Net discrete items for the six months ended June 30, 2019 added 0.1% to the effective tax rate. Ongoing uncertainties due to the impact of the COVID-19 p andemic on the Company’s operations for the remainder of 2020 may result in volatile effective tax rates driven generally by the level of profitability and changes in the mix of earnings across the Company’s jurisdictions.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment and Geographic Information	Segment and Geographic Information We have four operating segments: Wholesale – North America, Europe, Specialty and Self Service. Our Wholesale – North America and Self Service operating segments are aggregated into one reportable segment, North America, because they possess similar economic characteristics and have common products and services, customers, and methods of distribution. Our reportable segments are organized based on a combination of geographic areas served and type of product lines offered. The reportable segments are managed separately as each business serves different customers (i.e. geographic in the case of North America and Europe and product type in the case of Specialty) and is affected by different economic conditions. Therefore, we present three reportable segments: North America, Europe and Specialty. The following tables present our financial performance by reportable segment for the periods indicated (in thousands): North America Europe Specialty Eliminations Consolidated Three Months Ended June 30, 2020 Revenue: Third Party $ 1,011,136 $ 1,211,185 $ 404,002 $ — $ 2,626,323 Intersegment 259 — 872 (1,131) — Total segment revenue $ 1,011,395 $ 1,211,185 $ 404,874 $ (1,131) $ 2,626,323 Segment EBITDA $ 149,554 $ 89,387 $ 52,233 $ — $ 291,174 Depreciation and amortization (1) 25,050 40,493 7,387 — 72,930 Three Months Ended June 30, 2019 Revenue: Third Party $ 1,321,670 $ 1,516,240 $ 410,263 $ — $ 3,248,173 Intersegment 96 — 1,373 (1,469) — Total segment revenue $ 1,321,766 $ 1,516,240 $ 411,636 $ (1,469) $ 3,248,173 Segment EBITDA $ 190,048 $ 116,281 $ 52,367 $ — $ 358,696 Depreciation and amortization (1) 22,425 46,774 6,955 — 76,154 North America Europe Specialty Eliminations Consolidated Six Months Ended June 30, 2020 Revenue: Third Party $ 2,301,071 $ 2,574,779 $ 751,408 $ — $ 5,627,258 Intersegment 519 — 2,048 (2,567) — Total segment revenue $ 2,301,590 $ 2,574,779 $ 753,456 $ (2,567) $ 5,627,258 Segment EBITDA $ 360,992 $ 167,649 $ 84,465 $ — $ 613,106 Depreciation and amortization (1) 48,198 81,588 14,523 — 144,309 Six Months Ended June 30, 2019 Revenue: Third Party $ 2,623,876 $ 2,961,781 $ 762,819 $ — $ 6,348,476 Intersegment 199 — 2,554 (2,753) — Total segment revenue $ 2,624,075 $ 2,961,781 $ 765,373 $ (2,753) $ 6,348,476 Segment EBITDA $ 366,684 $ 221,579 $ 90,326 $ — $ 678,589 Depreciation and amortization (1) 44,664 93,785 13,912 — 152,361 (1) Amounts presented include depreciation and amortization expense recorded within cost of goods sold and restructuring expense. The key measure of segment profit or loss reviewed by our chief operating decision maker, who is our Chief Executive Officer, is Segment EBITDA. Segment EBITDA includes revenue and expenses that are controllable by the segment. Corporate general and administrative expenses are allocated to the segments based on usage, with shared expenses apportioned based on the segment's percentage of consolidated revenue. We calculate Segment EBITDA as EBITDA excluding restructuring and acquisition related expenses (which includes restructuring expenses recorded in Cost of goods sold), change in fair value of contingent consideration liabilities, other gains and losses related to acquisitions, equity method investments, or divestitures, equity in losses and earnings of unconsolidated subsidiaries, and impairment charges. EBITDA, which is the basis for Segment EBITDA, is calculated as net income, less net income (loss) attributable to continuing and discontinued noncontrolling interest, excluding discontinued operations and discontinued noncontrolling interest, depreciation, amortization, interest (which includes gains and losses on debt extinguishment) and income tax expense. The table below provides a reconciliation of Net Income to EBITDA and Segment EBITDA (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Net income $ 118,770 $ 152,105 $ 264,749 $ 251,168 Less: net (loss) income attributable to continuing noncontrolling interest (22) 1,352 718 2,367 Less: net income attributable to discontinued noncontrolling interest — 192 103 192 Net income attributable to LKQ stockholders 118,792 150,561 263,928 248,609 Subtract: Net income (loss) from discontinued operations 277 398 (638) 398 Net income attributable to discontinued noncontrolling interest — (192) (103) (192) Net income from continuing operations attributable to LKQ stockholders 118,515 150,355 264,669 248,403 Add: Depreciation and amortization 65,747 70,834 131,242 141,836 Depreciation and amortization - cost of goods sold 4,010 5,320 9,095 10,525 Depreciation and amortization - restructuring expenses (1) 3,173 — 3,972 — Interest expense, net of interest income 25,616 35,884 51,547 71,973 Loss on debt extinguishment — — 12,751 — Provision for income taxes 41,869 55,825 102,280 107,375 EBITDA 258,930 318,218 575,556 580,112 Subtract: Equity in (losses) earnings of unconsolidated subsidiaries (2) (2,649) 1,572 (2,133) (37,977) Add: Restructuring and acquisition related expenses (1) 21,777 8,377 27,948 11,684 Restructuring expenses - cost of goods sold 5,665 — 5,661 — Loss on disposal of businesses and impairment of net assets held for sale (3) 2,485 33,497 2,236 48,520 Change in fair value of contingent consideration liabilities (332) 176 (428) 296 Segment EBITDA $ 291,174 $ 358,696 $ 613,106 $ 678,589 (1) The sum of these two captions represents the total amount that is reported in Restructuring and acquisition related expenses in our Unaudited Condensed Consolidated Statements of Income. Refer to Note 5, "Restructuring and Acquisition Related Expenses," for further information. (2) Refer to "Investments in Unconsolidated Subsidiaries" in Note 3, "Financial Statement Information," for further information. (3) Refer to "Net Assets Held for Sale" in Note 3, "Financial Statement Information," for further information. The following table presents capital expenditures by reportable segment (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Capital Expenditures North America $ 10,892 $ 23,169 $ 40,213 $ 54,403 Europe 19,502 21,840 32,550 41,417 Specialty 2,369 3,243 4,538 5,448 Total capital expenditures $ 32,763 $ 48,252 $ 77,301 $ 101,268 The following table presents assets by reportable segment (in thousands): June 30, December 31, 2020 2019 Receivables, net North America $ 355,421 $ 419,452 Europe 629,355 636,216 Specialty 141,040 75,464 Total receivables, net 1,125,816 1,131,132 Inventories North America 829,049 991,062 Europe 1,223,628 1,401,801 Specialty 235,616 379,914 Total inventories 2,288,293 2,772,777 Property, plant and equipment, net North America 587,230 610,573 Europe 527,255 538,951 Specialty 82,020 84,876 Total property, plant and equipment, net 1,196,505 1,234,400 Operating lease assets, net North America 756,128 768,164 Europe 434,221 457,035 Specialty 82,164 83,312 Total operating lease assets, net 1,272,513 1,308,511 Equity method investments North America 15,299 17,624 Europe 121,374 121,619 Total equity method investments 136,673 139,243 Other unallocated assets 6,015,499 6,193,893 Total assets $ 12,035,299 $ 12,779,956 We report net receivables; inventories; net property , plant and equipment; net operating lease assets; and equity method investments by segment as that information is used by the chief operating decision maker in assessing segment performance. These assets provide a measure for the operating capital employed in each segment. Unallocated assets include cash and cash equivalents, prepaid and other current and noncurrent assets, goodwill and other intangibles. Our largest countries of operation are the U.S., followed by Germany and the U.K. Additional European operations are located in the Netherlands, Italy, Czech Republic, Belgium, Austria, Slovakia, Poland, and other European countries. Our operations in other countries include wholesale operations in Canada, remanufacturing operations in Mexico, an aftermarket parts freight consolidation warehouse in Taiwan, and administrative support functions in India. Our net sales are attributed to geographic area based on the location of the selling operation. The following table sets forth our revenue by geographic area (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Revenue United States $ 1,330,543 $ 1,613,417 $ 2,864,489 $ 3,155,443 Germany 359,134 415,947 733,686 802,412 United Kingdom 278,419 409,765 669,038 822,578 Other countries 658,227 809,044 1,360,045 1,568,043 Total revenue $ 2,626,323 $ 3,248,173 $ 5,627,258 $ 6,348,476 The following table sets forth our tangible long-lived assets by geographic area (in thousands): June 30, December 31, 2020 2019 Long-lived assets United States $ 1,435,244 $ 1,467,701 Germany 340,681 340,995 United Kingdom 286,952 330,113 Other countries 406,141 404,102 Total long-lived assets $ 2,469,018 $ 2,542,911

Financial Statement Information

Financial Statement Information Receivables (Policies)	6 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Receivable [Policy Text Block]	Allowance for Credit Losses Management evaluates the aging of customer receivable balances, the financial condition of our customers, historical trends, and macroeconomic factors to estimate the amount of customer receivables that may not be collected in the future and records a provision it believes is appropriate. Our reserve for expected lifetime credit losses was approximately $70 million and $53 million at June 30, 2020 and December 31, 2019, respectively. Bad debt expense totaled $24 million and $6 million for the six months ended June 30, 2020 and June 30, 2019, respectivel y. The increase in our allowance for credit losses since December 31, 2019 is attributable to the $3 million effect of the adoption of ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("ASU 2016-13") in the first quarter of 2020 (see the Recently Adopted Accounting Pronouncements section below for further details) and an increase in expected lifetime losses primarily attributable to the downturn in the global economy related to the effects of the COVID-19 pandemic.
Lessee, Leases	Leases We lease certain warehouses, distribution centers, retail stores, office space, land, vehicles and equipment. We determine if an arrangement is a lease at inception. Operating and finance lease right-of-use ("ROU") assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. As the implicit rate for most of our leases is not readily determinable, we use our incremental borrowing rate based on the information available at the commencement date in determining the present value of future payments. We determine our incremental borrowing rate by analyzing yield curves with consideration of lease term, country and company specific factors. The ROU asset also includes any lease prepayments and excludes lease incentives. Many of our leases include one or more options to renew, with renewal terms that can extend the lease term from 1 year to 40 years or more. For each lease, we consider whether we are reasonably certain to exercise these options to extend. Other contracts may contain termination options that we assess to determine whether we are reasonably certain not to exercise those options. Certain leases also include options to purchase the leased property. The depreciable lives of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. Some of our lease agreements include rental payments adjusted periodically for inflation. Most of these adjustments are considered variable lease costs. Other variable lease costs consist of certain non-lease components that are disclosed as lease costs due to our election of the practical expedient to combine lease and non-lease components and include items such as variable payments for utilities, property taxes, common area maintenance, sales taxes, and insurance. For leases with an initial term of 12 months or less, we have not recognized an ROU asset or lease liability on the Unaudited Condensed Consolidated Balance Sheets; we recognize lease expense for these leases on a straight-line basis over the lease terms. In response to the COVID-19 global pandemic, we have secured rent relief from some of our lessors. The rent relief offered has most often been in the form of rent payment deferrals for one or more months to be paid back over a specified period of time ranging from one month to the remaining term of the lease. In accordance with FASB Staff Q&A - Topic 842 and Topic 840: Accounting for Lease Concessions Related to the Effects of the COVID-19 Pandemic ("FASB Staff Q&A") issued in April 2020, we are able to account for lease deferrals resulting directly from COVID-19 as if the enforceable rights and obligations for the deferrals existed in the respective contracts at lease inception as long as those concessions do not result in a substantial increase in our lease obligations. As a result, we have been able to apply the relief in most circumstances. Guidance from the FASB Staff Q&A provided methods to account for such rent deferrals, including the option to account for the lease as if no changes to the lease contract were made or to account for the deferred payments as variable lease payments. For the majority of our leases that were affected by rent relief actions, we elected to account for the deferrals as if no changes to the lease contract were made and continued to recognize lease expense, on a straight-line basis, during the deferral period. As of June 30, 2020, payment deferrals totaled $7 million and were recorded in Other current liabilities on the Unaudited Condensed Consolidated Balance Sheets. Other concessions consisting of abated rent or discounted rent, without payback, from various landlords of $2 million resulted in reductions to Selling, general and administrative expenses in our Unaudited Condensed Consolidated Statements of Income.

Financial Statement Informati_2

Financial Statement Information Inventories (Policies)	6 Months Ended
	Jun. 30, 2020
Inventory [Abstract]
Inventory, Policy [Policy Text Block]	Inventories Inventories consist of the following (in thousands): June 30, December 31, 2020 2019 Aftermarket and refurbished products $ 1,895,922 $ 2,297,895 Salvage and remanufactured products 366,699 447,908 Manufactured products 25,672 26,974 Total inventories $ 2,288,293 $ 2,772,777 Aftermarket and refurbished products and salvage and remanufactured products are primarily composed of finished goods. As of June 30, 2020, manufactured products inventory was composed of $18 million of raw materials, $3 million of work in process, and $4 million of finished goods. As of December 31, 2019, manufactured products inventory was composed of $17 million of raw materials, $3 million of work in process, and $6 million of finished goods.

Financial Statement Informati_3

Financial Statement Information Net Assets Held for Sale (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	Net Assets Held for Sale During 2019 and the first half of 2020, we committed to plans to sell certain businesses in our North America and Europe segments. As a result, these businesses were classified as net assets held for sale and were required to be adjusted to the lower of fair value less cost to sell or carrying value, resulting in total impairment charges of $2 million for each of the three and six months ended June 30, 2020 and $33 million and $49 million for the three and six months ended June 30, 2019 (presented in Loss on disposal of businesses and impairment of net assets held for sale in the Unaudited Condensed Consolidated Statements of Income). Excluding the Stahlgruber Czech Republic wholesale business discussed in Note 2, "Discontinued Operations," as of December 31, 2019, there were $19 million of assets held for sale and $9 million of liabilities held for sale, which were recorded within Prepaid expenses and other current assets and Other current liabilities, respectively, on the Unaudited Condensed Consolidated Balance Sheet. As of June 30, 2020, assets and liabilities held for sale were immaterial. In the second quarter of 2020, we completed the sale of one of these businesses, a non-core telecommunications operation in Germany, resulting in an immaterial loss on sale (presented in Loss on disposal of businesses and impairment of net assets held for sale in the Unaudited Condensed Consolidated Statements of Income). The disposed business was immaterial, generating annualized revenue of approximately $78 million during the twelve-month period ended May 31, 2020. We are required to record net assets of our held for sale businesses at the lower of fair value less cost to sell or carrying value. Fair values were based on projected discounted cash flows and/or estimated selling prices. Management's assumptions for our discounted cash flow analyses of the businesses were based on projected revenues and profits, tax rates, capital expenditures, working capital requirements and discount rates. For businesses for which we utilized estimated selling prices to calculate the fair value, the inputs to our estimates included projected market multiples and any reasonable offers. Due to uncertainties in the estimation process, it is possible that actual results could differ from the estimates used in our analysis. The inputs utilized in the fair value estimates are classified as Level 3 within the fair value hierarchy. The fair values of the net assets were measured on a non-recurring basis as of June 30, 2020.

Financial Statement Informati_4

Financial Statement Information Intangible Assets (Policies)	6 Months Ended
	Jun. 30, 2020
Intangible Assets [Abstract]
Goodwill and Intangible Assets, Policy [Policy Text Block]	Intangible Assets Goodwill and indefinite-lived intangibles are tested for impairment at least annually, and we performed our annual impairment tests during the fourth quarter of 2019. Goodwill impairment testing may also be performed on an interim basis when events or circumstances arise that may lead to impairment. LKQ’s market capitalization declined by approximately 40% between February 20, 2020, when the Company released its 2019 financial results, and March 31, 2020. While we believed that the decrease was driven by market reaction to COVID-19, the magnitude of the market capitalization decrease was deemed to be a triggering event requiring an interim test of goodwill impairment in the first quarter. The fair value estimates of our reporting units were established using weightings of the results of a discounted cash flow methodology and a comparative market multiples approach. At the time of our analysis, our projections for the interim impairment test assumed that the COVID-19 impact would be severe, with revenue down by as much as 50% in the second quarter of 2020 compared to our prior forecast used in the 2019 impairment analysis, but temporary, as revenue would improve gradually in the second half of 2020. We expected that cost mitigation actions and cash preservation measures would dampen the negative impact of the projected revenue decline. Based on the interim test in the first quarter of 2020, we determined no impairments existed as all reporting units had a fair value estimate that exceeded the carrying value by at least 12%, the level at which our Europe reporting unit exceeded its carrying value. We did not identify a triggering event in the second quarter that necessitated an interim test of goodwill impairment, as LKQ’s market capitalization increased by approximately 28% between March 31 and June 30, 2020. Actual results for the second quarter were favorable relative to the forecast used in the first quarter interim test.

Financial Statement Informati_5

Financial Statement Information Investments in Unconsolidated Subsidiaries (Policies)	6 Months Ended
	Jun. 30, 2020
Investments in Unconsolidated Subsidiaries [Abstract]
Equity Method Investments [Policy Text Block]	Investments in Unconsolidated Subsidiaries Our investment in unconsolidated subsidiaries was $137 million and $139 million as of June 30, 2020 and December 31, 2019, respectively. Europe Segment Our investment in unconsolidated subsidiaries in Europe was $121 million and $122 million as of June 30, 2020 and December 31, 2019, respectively. We recorded equity in losses of an immaterial amount and equity in earnings of $1 million during the three and six months ended June 30, 2020, respectively, and equity in earnings of $2 million and equity in losses of $38 million during the three and six months ended June 30, 2019, respectively, mainly related to our investment in Mekonomen AB ("Mekonomen"). On December 1, 2016, we acquired a 26.5% equity interest in Mekonomen for an aggregate purchase price of $181 million. In October 2018, we acquired an additional $48 million of equity in Mekonomen at a discounted share price as part of its rights issue, increasing our equity interest to 26.6%. We are accounting for our interest in Mekonomen using the equity method of accounting, as our investment gives us the ability to exercise significant influence, but not control, over the investee. As of June 30, 2020, our share of the book value of Mekonomen's net assets exceeded the book value of our investment in Mekonomen by $5 million; this difference is primarily related to Mekonomen's Accumulated Other Comprehensive Income balance as of our acquisition date in 2016. We are recording our equity in the net earnings of Mekonomen on a one quarter lag. During the three months ended March 31, 2019, we recognized an other-than-temporary impairment charge of $40 million, which represented the difference between the carrying value and the fair value of our investment in Mekonomen. The fair value of our investment in Mekonomen was determined using the Mekonomen share price of SEK 65 as of March 31, 2019. The impairment charge was recorded in Equity in (losses) earnings of unconsolidated subsidiaries in our Unaudited Condensed Consolidated Statements of Income. Mekonomen announced in March 2020 that it would not make a dividend payment in 2020. The Level 1 fair value of our equity investment in the publicly traded Mekonomen common stock at June 30, 2020 was $99 million (using the Mekonomen share price of SEK 66 as of June 30, 2020) compared to a carrying value of $111 million. We evaluated our investment in Mekonomen for other-than-temporary impairment and concluded the decline in fair value was not other-than-temporary; however, a prolonged, material impairment may cause us to account for the decline as an other-than-temporary impairment in a future period, resulting in a charge in our Unaudited Condensed Consolidated Statements of Income. North America Segment Our investment in unconsolidated subsidiaries in the North America segment was $15 million and $18 million as of June 30, 2020 and December 31, 2019, respectively. We recorded equity in losses of $3 million

Financial Statement Informati_6

Financial Statement Information Warranty Reserve (Policies)	6 Months Ended
	Jun. 30, 2020
Warranty Reserve [Abstract]
Standard Product Warranty And Extended Product Warranty Policy Policy [Policy Text Block]	Warranty Reserve Some of our salvage mechanical products are sold with a standard six month warranty against defects. Additionally, some of our remanufactured engines are sold with a standard three or four year warranty against defects. We also provide a limited lifetime warranty for certain of our aftermarket products. These assurance-type warranties are not considered a separate performance obligation, and thus no transaction price is allocated to them. We record the warranty costs in Cost of goods sold in our Unaudited Condensed Consolidated Statements of Income. Our warranty reserve is calculated using historical claim information to project future warranty claims activity and is recorded within Other accrued expenses and Other noncurrent liabilities on our Unaudited Condensed Consolidated Balance Sheets based on the expected timing of the related payments. The changes in the warranty reserve are as follows (in thousands): Balance as of December 31, 2019 $ 25,441 Warranty expense 30,610 Warranty claims (27,189) Balance as of June 30, 2020 $ 28,862

Financial Statement Informati_7

Financial Statement Information Litigation and Related Contingencies (Policies)	6 Months Ended
	Jun. 30, 2020
Litigation and Related Contingencies [Abstract]
Commitments and Contingencies, Policy [Policy Text Block]	Litigation and Related Contingencies We have certain contingencies resulting from litigation, claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business. We currently expect that the resolution of such contingencies will not materially affect our financial position, results of operations or cash flows.

Financial Statement Informati_8

Financial Statement Information Treasury Stock (Policies)	6 Months Ended
	Jun. 30, 2020
Treasury Stock [Abstract]
Stockholders' Equity, Policy [Policy Text Block]	Stockholders' Equity Treasury Stock As of June 30, 2020, our Board of Directors had authorized a stock repurchase program under which we may purchase up to $1.0 billion of our common stock from time to time through October 25, 2022. Repurchases under the program may be made in the open market or in privately negotiated transactions, with the amount and timing of repurchases depending on market conditions and corporate needs. The repurchase program does not obligate us to acquire any specific number of shares and may be suspended or discontinued at any time. Delaware law imposes restrictions on stock repurchases. During the six months ended June 30, 2020, we repurchased 3.3 million shares of common stock for an aggregate price of $88 million; we did not repurchase any shares during the three months ended June 30, 2020. During the three and six months ended June 30, 2019, we repurchased 4.4 million and 7.0 million shares of common stock for an aggregate price of $120 million and $191 million, respectively. As of June 30, 2020, there was $560 million of remaining capacity under our repurchase program. Repurchased shares are accounted for as treasury stock using the cost method. Noncontrolling Interest In February 2020, as part of the sale of Stahlgruber's Czech Republic business, we divested the noncontrolling interest of the business, which resulted in a net decrease to Noncontrolling interest of $11 million in our unaudited condensed consolidated financial statements as of March 31, 2020. See Note 2, "Discontinued Operations," for further information.

Financial Statement Informati_9

Financial Statement Information Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Recent Accounting Pronouncements Policy [Policy Text Block]	Recent Accounting Pronouncements Recently Adopted Accounting Pronouncements During the first quarter of 2020, we adopted ASU No. 2016-13 and ASU 2018-19, "Codification Improvements to Topic 326, Financial Instruments - Credit Losses" ("ASU 2018-19"). ASU 2016-13 significantly changes how entities measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. ASU 2016-13 replaces the prior “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost. ASU 2018-19 affects loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope of this amendment that represent the contractual right to receive cash. We applied ASU 2016-13 and ASU 2018-19 on a modified retrospective basis. As of January 1, 2020, we recorded a cumulative effect adjustment to retained earnings of $3 million. During the first quarter of 2020, we adopted ASU No. 2018-13, "Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement" ("ASU 2018-13"), which removes, modifies, and adds certain disclosure requirements in ASC 820. We adopted the provisions of ASU 2018-13 by applying a prospective approach. The adoption of ASU 2018-13 did not have a material impact on our unaudited condensed consolidated financial statements. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU 2019-12, "Income Taxes" (Topic 740) ("ASU 2019-12"), which simplifies the accounting for income taxes and adds guidance to reduce complexity in certain areas. ASU 2019-12 is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. We are currently evaluating the impact of this standard on our consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting" ("ASU 2020-04"), which provides temporary optional guidance to ease the potential burden in accounting for reference rate reform. ASU 2020-04 provides optional expedients and exceptions for applying generally accepted accounting principles to transactions affected by reference rate reform if certain criteria are met. These transactions include contract modifications, hedging relationships, and sale or transfer of debt securities classified as held-to-maturity. Entities may apply the provisions of the new standard as of the beginning of the reporting period when the election is made (i.e. as early as the first quarter 2020). Unlike other topics, the provisions of this update are only available until December 31, 2022, when the reference rate replacement activity is expected to have been completed. We are currently evaluating the impact of this standard on our consolidated financial statements and related disclosures, and we have not yet elected an adoption date.

Revenue Recognition Revenue R_2

Revenue Recognition Revenue Recognition (Policies)	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Revenue [Policy Text Block]	Revenue Recognition The majority of our revenue is derived from the sale of vehicle parts. We recognize revenue when the products are shipped to, delivered to or picked up by customers, which is the point when title has transferred and risk of ownership has passed. Sources of Revenue We report our revenue in two categories: (i) parts and services and (ii) other. The following table sets forth our revenue by category, with our parts and services revenue further disaggregated by reportable segment (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 North America $ 892,826 $ 1,165,482 $ 2,000,168 $ 2,321,180 Europe 1,206,330 1,510,952 2,564,299 2,951,793 Specialty 404,002 410,263 751,408 762,819 Parts and services 2,503,158 3,086,697 5,315,875 6,035,792 Other 123,165 161,476 311,383 312,684 Total revenue $ 2,626,323 $ 3,248,173 $ 5,627,258 $ 6,348,476 Parts and Services Our parts revenue is generated from the sale of vehicle products including replacement parts, components and systems used in the repair and maintenance of vehicles and specialty products and accessories to improve the performance, functionality and appearance of vehicles. Services revenue includes (i) additional services that are generally billed concurrently with the related product sales, such as the sale of service-type warranties, (ii) fees for admission to our self service yards, and (iii) diagnostic and repair services. In North America, our vehicle replacement products include sheet metal collision parts such as doors, hoods, and fenders; bumper covers; head and tail lamps; automotive glass products such as windshields; mirrors and grilles; wheels; and large mechanical items such as engines and transmissions. In Europe, our products include a wide variety of small mechanical products such as brake pads, discs and sensors; clutches; electrical products such as spark plugs and batteries; steering and suspension products; filters; and oil and automotive fluids. In our Specialty operations, we serve six product segments: truck and off-road; speed and performance; RV; towing; wheels, tires and performance handling; and miscellaneous accessories. Our service-type warranties typically have service periods ranging from 6 months to 36 months. Under FASB Accounting Standards Codification Topic 606 ("ASC 606"), proceeds from these service-type warranties are deferred at contract inception and amortized on a straight-line basis to revenue over the contract period. The changes in deferred service-type warranty revenue are as follows (in thousands): Balance as of January 1, 2020 $ 27,067 Additional warranty revenue deferred 20,845 Warranty revenue recognized (22,473) Balance as of June 30, 2020 $ 25,439 Other Revenue Revenue from other sources includes sales of scrap and precious metals (platinum, palladium, and rhodium), bulk sales to mechanical manufacturers (including cores) and sales of aluminum ingots and sows from our furnace operations. We derive scrap metal and other precious metals from several sources, including vehicles that have been used in both our wholesale and self service recycling operations and from original equipment manufacturers ("OEMs") and other entities that contract with us for secure disposal of "crush only" vehicles. Revenue from the sale of hulks in our wholesale and self service recycling operations is recognized based on a price per ton of delivered material when the customer (processor) collects the scrap. Some adjustments may occur when the customer weighs the scrap at their location, and revenue is adjusted accordingly. Revenue by Geographic Area See Note 14, "Segment and Geographic Information" for information related to our revenue by geographic region. Variable Consideration The amount of revenue ultimately received from the customer can vary due to variable consideration including returns, discounts, rebates, refunds, credits, price concessions, incentives, performance bonuses, or other similar items. Under ASC 606

Financial Statement Informat_10

Financial Statement Information (Tables)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consist of the following (in thousands): June 30, December 31, 2020 2019 Aftermarket and refurbished products $ 1,895,922 $ 2,297,895 Salvage and remanufactured products 366,699 447,908 Manufactured products 25,672 26,974 Total inventories $ 2,288,293 $ 2,772,777
Schedule of Product Warranty Liability [Table Text Block]	The changes in the warranty reserve are as follows (in thousands): Balance as of December 31, 2019 $ 25,441 Warranty expense 30,610 Warranty claims (27,189) Balance as of June 30, 2020 $ 28,862

Revenue Recognition Disaggregat

Revenue Recognition Disaggregation of Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue [Table Text Block]	The following table sets forth our revenue by category, with our parts and services revenue further disaggregated by reportable segment (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 North America $ 892,826 $ 1,165,482 $ 2,000,168 $ 2,321,180 Europe 1,206,330 1,510,952 2,564,299 2,951,793 Specialty 404,002 410,263 751,408 762,819 Parts and services 2,503,158 3,086,697 5,315,875 6,035,792 Other 123,165 161,476 311,383 312,684 Total revenue $ 2,626,323 $ 3,248,173 $ 5,627,258 $ 6,348,476

Revenue Recognition Product War

Revenue Recognition Product Warranty Liability (Tables)	6 Months Ended
	Jun. 30, 2020
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability [Table Text Block]	The changes in deferred service-type warranty revenue are as follows (in thousands): Balance as of January 1, 2020 $ 27,067 Additional warranty revenue deferred 20,845 Warranty revenue recognized (22,473) Balance as of June 30, 2020 $ 25,439

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Tables) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Cash Flow Hedges Reclassified to Interest Expense [Line Items]
Cash Flow Hedges Reclassified to Interest Expense [Table Text Block]			The amounts of unrealized gains and losses on our Cash Flow Hedges reclassified to our Unaudited Condensed Consolidated Statements of Income are as follows (in thousands): Three Months Ended Six Months Ended June 30, June 30, Classification 2020 2019 2020 2019 Unrealized (losses) gains on interest rate swaps Interest expense, net of interest income $ (1,769) $ 1,763 $ 1,527 $ 3,455 Unrealized gains on cross currency swaps Interest expense, net of interest income 2,796 4,319 5,347 8,649 Unrealized (losses) gains on cross currency swaps (1) Other income, net (8,788) (8,095) (928) 5,071 Total $ (7,761) $ (2,013) $ 5,946 $ 17,175 (1) The amounts reclassified to Other income, net in our Unaudited Condensed Consolidated Statements of Income offset the impact of the remeasurement of the underlying transactions.
Accumulated Other Comprehensive Income (Loss)			The components of Accumulated Other Comprehensive Income (Loss) are as follows (in thousands): Three Months Ended June 30, 2020 Foreign Unrealized (Loss) Gain Unrealized (Loss) Gain Other Comprehensive (Loss) Income from Unconsolidated Subsidiaries Accumulated Beginning balance $ (274,858) $ (1,963) $ (31,814) $ (5,268) $ (313,903) Pretax income (loss) 30,663 (7,807) — — 22,856 Income tax effect — 1,842 — — 1,842 Reclassification of unrealized loss — 7,761 2,655 — 10,416 Reclassification of deferred income taxes — (1,827) (780) — (2,607) Disposal of business 671 — — — 671 Other comprehensive income from unconsolidated subsidiaries — — — 962 962 Ending balance $ (243,524) $ (1,994) $ (29,939) $ (4,306) $ (279,763) Three Months Ended June 30, 2019 Foreign Unrealized Gain (Loss) Unrealized (Loss) Gain Other Comprehensive (Loss) Income from Unconsolidated Subsidiaries Accumulated Beginning balance $ (187,492) $ 11,637 $ (7,884) $ (7,115) $ (190,854) Pretax income (loss) 5,602 (9,418) — — (3,816) Income tax effect — 2,230 — — 2,230 Reclassification of unrealized loss — 2,013 37 — 2,050 Reclassification of deferred income taxes — (475) (9) — (484) Other comprehensive income from unconsolidated subsidiaries — — — 2,321 2,321 Ending balance $ (181,890) $ 5,987 $ (7,856) $ (4,794) $ (188,553) Six Months Ended June 30, 2020 Foreign Unrealized Gain (Loss) Unrealized (Loss) Gain Other Comprehensive Loss from Unconsolidated Subsidiaries Accumulated Beginning balance $ (170,893) $ 5,358 $ (31,934) $ (3,416) $ (200,885) Pretax loss (73,397) (3,625) — — (77,022) Income tax effect — 858 — — 858 Reclassification of unrealized (gain) loss — (5,946) 2,769 — (3,177) Reclassification of deferred income taxes — 1,361 (774) — 587 Disposal of business 766 — — — 766 Other comprehensive loss from unconsolidated subsidiaries — — — (890) (890) Ending balance $ (243,524) $ (1,994) $ (29,939) $ (4,306) $ (279,763) Six Months Ended June 30, 2019 Foreign Unrealized Gain (Loss) Unrealized (Loss) Gain Other Comprehensive Loss from Unconsolidated Subsidiaries Accumulated Beginning balance $ (177,597) $ 14,374 $ (8,075) $ (3,652) $ (174,950) Pretax (loss) income (4,293) 6,175 — — 1,882 Income tax effect — (1,424) — — (1,424) Reclassification of unrealized (gain) loss — (17,175) 290 — (16,885) Reclassification of deferred income taxes — 4,037 (71) — 3,966 Other comprehensive loss from unconsolidated subsidiaries — — — (1,142) (1,142) Ending balance $ (181,890) $ 5,987 $ (7,856) $ (4,794) $ (188,553)
Other Comprehensive Income (Loss), Tax	$ (1,842)	$ (2,230)	$ (858)	$ 1,424

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Nonvested Restricted Stock Units Activity	The following table summarizes activity related to our RSUs under the Equity Incentive Plan for the six months ended June 30, 2020: Number Weighted Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) (1) Unvested as of January 1, 2020 1,612,026 $ 31.72 Granted 887,907 $ 31.71 Vested (550,661) $ 30.94 Forfeited / Canceled (77,143) $ 32.81 Unvested as of June 30, 2020 1,872,129 $ 31.90 Expected to vest after June 30, 2020 1,660,511 $ 31.83 3.1 $ 43,505
Schedule of Nonvested Performance-based Units Activity	The following table summarizes activity related to our PSUs under the Equity Incentive Plan for the six months ended June 30, 2020: Number Weighted Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) (1) Unvested as of January 1, 2020 136,170 $ 27.69 Granted (2) 164,152 $ 31.85 Forfeited / Canceled (7,375) $ 29.65 Unvested as of June 30, 2020 292,947 $ 29.97 Expected to vest after June 30, 2020 292,947 $ 29.97 2.0 $ 7,675
Schedule of Share-based Compensation, Stock Options, Activity	The following table summarizes activity related to our stock options under the Equity Incentive Plan for the six months ended June 30, 2020: Number Weighted Weighted Average Remaining Contractual Term Aggregate Intrinsic Value Balance as of January 1, 2020 114,594 $ 12.26 Exercised (112,472) $ 11.88 $ 2,629 Canceled (2,122) $ 32.31 Balance as of June 30, 2020 — $ — — $ —

Earnings Per Share Schedule of

Earnings Per Share Schedule of Earnings Per Share, Basic and Diluted (Tables)	6 Months Ended
	Jun. 30, 2020
Schedule of Earnings Per Share, Basic and Diluted [Line Items]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The following chart sets forth the computation of earnings per share (in thousands, except per share amounts): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Income from continuing operations $ 118,493 $ 151,707 $ 265,387 $ 250,770 Denominator for basic earnings per share—Weighted-average shares outstanding 304,001 311,891 305,123 313,460 Effect of dilutive securities: RSUs 189 315 352 364 PSUs — — — — Stock options — 513 2 536 Denominator for diluted earnings per share—Adjusted weighted-average shares outstanding 304,190 312,719 305,477 314,360 Basic earnings per share from continuing operations $ 0.39 $ 0.49 $ 0.87 $ 0.80 Diluted earnings per share from continuing operations (1) $ 0.39 $ 0.49 $ 0.87 $ 0.80

Earnings Per Share Schedule o_2

Earnings Per Share Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	The following table sets forth the number of employee stock-based compensation awards outstanding but not included in the computation of diluted earnings per share because their effect would have been antidilutive for the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Antidilutive securities: RSUs 1,444 559 913 579 Stock options — 32 — 32

Long-Term Obligations (Tables)

Long-Term Obligations (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule Of Long-Term Obligations	Long-term obligations consist of the following (in thousands): June 30, December 31, 2020 2019 Senior secured credit agreement: Term loans payable $ 332,500 $ 341,250 Revolving credit facilities 1,138,928 1,268,008 U.S. Notes (2023) — 600,000 Euro Notes (2024) 561,700 560,650 Euro Notes (2026/28) 1,123,400 1,121,300 Receivables securitization facility — — Notes payable through October 2030 at weighted average interest rates of 3.1% and 3.2%, respectively 27,202 26,971 Finance lease obligations at weighted average interest rates of 3.9% and 4.1%, respectively 43,472 40,837 Other debt at weighted average interest rates of 1.3% and 1.8%, respectively 51,251 113,010 Total debt 3,278,453 4,072,026 Less: long-term debt issuance costs (27,208) (29,990) Less: current debt issuance costs (320) (280) Total debt, net of debt issuance costs 3,250,925 4,041,756 Less: current maturities, net of debt issuance costs (93,200) (326,367) Long term debt, net of debt issuance costs $ 3,157,725 $ 3,715,389

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs we utilized to determine such fair value as of June 30, 2020 and December 31, 2019 (in thousands): Balance as of June 30, 2020 Fair Value Measurements as of June 30, 2020 Level 1 Level 2 Level 3 Assets: Cash surrender value of life insurance $ 59,599 $ — $ 59,599 $ — Cross currency swap agreements 2,717 — 2,717 — Total Assets $ 62,316 $ — $ 62,316 $ — Liabilities: Contingent consideration liabilities $ 11,914 $ — $ — $ 11,914 Interest rate swaps 3,005 — 3,005 — Deferred compensation liabilities 63,863 — 63,863 — Cross currency swap agreements 24,559 — 24,559 — Total Liabilities $ 103,341 $ — $ 91,427 $ 11,914 Balance as of December 31, 2019 Fair Value Measurements as of December 31, 2019 Level 1 Level 2 Level 3 Assets: Cash surrender value of life insurance $ 60,637 $ — $ 60,637 $ — Interest rate swaps 3,262 — 3,262 — Cross currency swap agreements 3,156 — 3,156 — Total Assets $ 67,055 $ — $ 67,055 $ — Liabilities: Contingent consideration liabilities $ 11,539 $ — $ — $ 11,539 Deferred compensation liabilities 63,981 — 63,981 — Cross currency swap agreements 24,319 — 24,319 — Total Liabilities $ 99,839 $ — $ 88,300 $ 11,539
Schedule of Derivative Instruments [Table Text Block]	The following tables summarize the notional amounts and fair values of our designated cash flow hedges as of June 30, 2020 and December 31, 2019 (in thousands): Notional Amount Fair Value at June 30, 2020 (USD) June 30, 2020 Other Current Assets Other Noncurrent Assets Other Accrued Expenses Other Noncurrent Liabilities Interest rate swap agreements USD denominated $ 480,000 $ — $ — $ 3,005 $ — Cross currency swap agreements USD/euro $ 458,689 2,717 — 24,559 — Total cash flow hedges $ 2,717 $ — $ 27,564 $ — Notional Amount Fair Value at December 31, 2019 (USD) December 31, 2019 Other Current Assets Other Noncurrent Assets Other Accrued Expenses Other Noncurrent Liabilities Interest rate swap agreements USD denominated $ 480,000 $ — $ 3,262 $ — $ — Cross currency swap agreements USD/euro $ 466,621 2,975 181 970 23,349 Total cash flow hedges $ 2,975 $ 3,443 $ 970 $ 23,349

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following tables present information about our financial assets and liabilities measured at fair value on a recurring basis and indicate the fair value hierarchy of the valuation inputs we utilized to determine such fair value as of June 30, 2020 and December 31, 2019 (in thousands): Balance as of June 30, 2020 Fair Value Measurements as of June 30, 2020 Level 1 Level 2 Level 3 Assets: Cash surrender value of life insurance $ 59,599 $ — $ 59,599 $ — Cross currency swap agreements 2,717 — 2,717 — Total Assets $ 62,316 $ — $ 62,316 $ — Liabilities: Contingent consideration liabilities $ 11,914 $ — $ — $ 11,914 Interest rate swaps 3,005 — 3,005 — Deferred compensation liabilities 63,863 — 63,863 — Cross currency swap agreements 24,559 — 24,559 — Total Liabilities $ 103,341 $ — $ 91,427 $ 11,914 Balance as of December 31, 2019 Fair Value Measurements as of December 31, 2019 Level 1 Level 2 Level 3 Assets: Cash surrender value of life insurance $ 60,637 $ — $ 60,637 $ — Interest rate swaps 3,262 — 3,262 — Cross currency swap agreements 3,156 — 3,156 — Total Assets $ 67,055 $ — $ 67,055 $ — Liabilities: Contingent consideration liabilities $ 11,539 $ — $ — $ 11,539 Deferred compensation liabilities 63,981 — 63,981 — Cross currency swap agreements 24,319 — 24,319 — Total Liabilities $ 99,839 $ — $ 88,300 $ 11,539

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2020
Employee Benefit Plans [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	Net periodic benefit cost for our defined benefit plans included the following components for the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Service cost $ 856 $ 1,074 $ 1,526 $ 1,661 Interest cost 731 1,010 1,449 1,995 Expected return on plan assets (662) (560) (1,140) (1,340) Amortization of actuarial loss 555 37 669 290 Settlement loss 2,100 — 2,100 — Net periodic benefit cost $ 3,580 $ 1,561 $ 4,604 $ 2,606

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule Of Financial Performance By Reportable Segment	The following tables present our financial performance by reportable segment for the periods indicated (in thousands): North America Europe Specialty Eliminations Consolidated Three Months Ended June 30, 2020 Revenue: Third Party $ 1,011,136 $ 1,211,185 $ 404,002 $ — $ 2,626,323 Intersegment 259 — 872 (1,131) — Total segment revenue $ 1,011,395 $ 1,211,185 $ 404,874 $ (1,131) $ 2,626,323 Segment EBITDA $ 149,554 $ 89,387 $ 52,233 $ — $ 291,174 Depreciation and amortization (1) 25,050 40,493 7,387 — 72,930 Three Months Ended June 30, 2019 Revenue: Third Party $ 1,321,670 $ 1,516,240 $ 410,263 $ — $ 3,248,173 Intersegment 96 — 1,373 (1,469) — Total segment revenue $ 1,321,766 $ 1,516,240 $ 411,636 $ (1,469) $ 3,248,173 Segment EBITDA $ 190,048 $ 116,281 $ 52,367 $ — $ 358,696 Depreciation and amortization (1) 22,425 46,774 6,955 — 76,154 North America Europe Specialty Eliminations Consolidated Six Months Ended June 30, 2020 Revenue: Third Party $ 2,301,071 $ 2,574,779 $ 751,408 $ — $ 5,627,258 Intersegment 519 — 2,048 (2,567) — Total segment revenue $ 2,301,590 $ 2,574,779 $ 753,456 $ (2,567) $ 5,627,258 Segment EBITDA $ 360,992 $ 167,649 $ 84,465 $ — $ 613,106 Depreciation and amortization (1) 48,198 81,588 14,523 — 144,309 Six Months Ended June 30, 2019 Revenue: Third Party $ 2,623,876 $ 2,961,781 $ 762,819 $ — $ 6,348,476 Intersegment 199 — 2,554 (2,753) — Total segment revenue $ 2,624,075 $ 2,961,781 $ 765,373 $ (2,753) $ 6,348,476 Segment EBITDA $ 366,684 $ 221,579 $ 90,326 $ — $ 678,589 Depreciation and amortization (1) 44,664 93,785 13,912 — 152,361
Reconciliation Of Segment EBITDA To Net Income Table	The table below provides a reconciliation of Net Income to EBITDA and Segment EBITDA (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Net income $ 118,770 $ 152,105 $ 264,749 $ 251,168 Less: net (loss) income attributable to continuing noncontrolling interest (22) 1,352 718 2,367 Less: net income attributable to discontinued noncontrolling interest — 192 103 192 Net income attributable to LKQ stockholders 118,792 150,561 263,928 248,609 Subtract: Net income (loss) from discontinued operations 277 398 (638) 398 Net income attributable to discontinued noncontrolling interest — (192) (103) (192) Net income from continuing operations attributable to LKQ stockholders 118,515 150,355 264,669 248,403 Add: Depreciation and amortization 65,747 70,834 131,242 141,836 Depreciation and amortization - cost of goods sold 4,010 5,320 9,095 10,525 Depreciation and amortization - restructuring expenses (1) 3,173 — 3,972 — Interest expense, net of interest income 25,616 35,884 51,547 71,973 Loss on debt extinguishment — — 12,751 — Provision for income taxes 41,869 55,825 102,280 107,375 EBITDA 258,930 318,218 575,556 580,112 Subtract: Equity in (losses) earnings of unconsolidated subsidiaries (2) (2,649) 1,572 (2,133) (37,977) Add: Restructuring and acquisition related expenses (1) 21,777 8,377 27,948 11,684 Restructuring expenses - cost of goods sold 5,665 — 5,661 — Loss on disposal of businesses and impairment of net assets held for sale (3) 2,485 33,497 2,236 48,520 Change in fair value of contingent consideration liabilities (332) 176 (428) 296 Segment EBITDA $ 291,174 $ 358,696 $ 613,106 $ 678,589
Schedule Of Capital Expenditures By Reportable Segment	The following table presents capital expenditures by reportable segment (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Capital Expenditures North America $ 10,892 $ 23,169 $ 40,213 $ 54,403 Europe 19,502 21,840 32,550 41,417 Specialty 2,369 3,243 4,538 5,448 Total capital expenditures $ 32,763 $ 48,252 $ 77,301 $ 101,268
Schedule Of Assets By Reportable Segment	The following table presents assets by reportable segment (in thousands): June 30, December 31, 2020 2019 Receivables, net North America $ 355,421 $ 419,452 Europe 629,355 636,216 Specialty 141,040 75,464 Total receivables, net 1,125,816 1,131,132 Inventories North America 829,049 991,062 Europe 1,223,628 1,401,801 Specialty 235,616 379,914 Total inventories 2,288,293 2,772,777 Property, plant and equipment, net North America 587,230 610,573 Europe 527,255 538,951 Specialty 82,020 84,876 Total property, plant and equipment, net 1,196,505 1,234,400 Operating lease assets, net North America 756,128 768,164 Europe 434,221 457,035 Specialty 82,164 83,312 Total operating lease assets, net 1,272,513 1,308,511 Equity method investments North America 15,299 17,624 Europe 121,374 121,619 Total equity method investments 136,673 139,243 Other unallocated assets 6,015,499 6,193,893 Total assets $ 12,035,299 $ 12,779,956
Revenue from External Customers by Geographic Area	The following table sets forth our revenue by geographic area (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2020 2019 2020 2019 Revenue United States $ 1,330,543 $ 1,613,417 $ 2,864,489 $ 3,155,443 Germany 359,134 415,947 733,686 802,412 United Kingdom 278,419 409,765 669,038 822,578 Other countries 658,227 809,044 1,360,045 1,568,043 Total revenue $ 2,626,323 $ 3,248,173 $ 5,627,258 $ 6,348,476
Schedule Of Tangible Long-Lived Assets By Geographic Area	The following table sets forth our tangible long-lived assets by geographic area (in thousands): June 30, December 31, 2020 2019 Long-lived assets United States $ 1,435,244 $ 1,467,701 Germany 340,681 340,995 United Kingdom 286,952 330,113 Other countries 406,141 404,102 Total long-lived assets $ 2,469,018 $ 2,542,911

Discontinued Operations (Detail

Discontinued Operations (Details) $ in Thousands, € in Millions		3 Months Ended		6 Months Ended
		Mar. 31, 2020USD ($)	Mar. 31, 2020EUR (€)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposition of subsidiary with noncontrolling interests(1)	[1]			$ 11,404
Proceeds from disposal of businesses				4,602	$ 0
Notes receivable and contingent consideration receivable acquired in connection with disposal of businesses				$ 8,549	$ 0
Stahlgruber Czech Republic Wholesale Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax		$ 1,000
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		48.20%	48.20%
Payments to Acquire Additional Interest in Subsidiaries | €			€ 8
Disposition of subsidiary with noncontrolling interests(1)		$ 11,000
Note issued to acquire noncontrolling interest | €			€ 4
Percentage of Business Sold		100.00%	100.00%
Proceeds from disposal of businesses | €			€ 14
Notes receivable and contingent consideration receivable acquired in connection with disposal of businesses | €			€ 7
[1]	(1) The amount disposed of in 2020 relates to discontinued operations. See Note 2, "Discontinued Operations," for further information.

Financial Statement Informat_11

Financial Statement Information (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended			6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Inventory [Line Items]
Inventories		$ 2,288,293			$ 2,288,293		$ 2,772,777
Accounts Receivable, Allowance for Credit Loss, Current		70,000			70,000		53,000
Accounts Receivable, Credit Loss Expense (Reversal)					24,000	$ 6,000
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts Receivable, Credit Loss Expense (Reversal)					24,000	6,000
Adoption of ASU 2016-13 (see Note 3)			$ (3,000)		(2,519)
Accounts Receivable, Allowance for Credit Loss, Current		$ 70,000			70,000		53,000
Decrease in Market Capitalization	40.00%
Amount that fair value exceeds carrying value	12.00%		12.00%
Increase in Market Capitalization		28.00%
Rent Reductions in Selling, General and Administrative Expenses		$ 2,000
Payments for Repurchase of Common Stock				$ 120,000	88,006	$ 190,762
Lease Payment Deferrals Classified in Other Current Liabilities					7,000
AftermarketAndRefurbishedProducts [Member]
Inventory [Line Items]
Inventories		1,895,922			1,895,922		2,297,895
SalvageAndRemanufacturedProducts [Member]
Inventory [Line Items]
Inventories		366,699			366,699		447,908
ManufacturedProducts [Member]
Inventory [Line Items]
Inventories		25,672			25,672		26,974
Inventory, Raw Materials and Supplies, Gross		18,000			18,000		17,000
Inventory, Work in Process, Gross		3,000			3,000		3,000
Inventory, Finished Goods, Gross		$ 4,000			$ 4,000		$ 6,000
Minimum [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lessee Lease Renewal Term					1 year
Lessee Lease Renewal Term					1 year
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Lessee Lease Renewal Term					40 years
Lessee Lease Renewal Term					40 years
Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of ASU 2016-13 (see Note 3)			$ 3,000

Financial Statement Informat_12

Financial Statement Information Net Assets Held for Sale (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	May 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019EUR (€)
Impaired Long-Lived Assets Held and Used [Line Items]
Reedemable NCI, Put Option						$ 24,000,000	€ 21,000,000
Redeemable NCI, Call Option						26,000,000	€ 23,000,000
Redeemable noncontrolling interest	$ 24,077,000		$ 24,077,000			24,077,000
Goodwill	4,377,350,000		4,377,350,000			4,406,535,000
Disposal Group, Including Discontinued Operation, Assets						19,000,000
Disposal Group, Including Discontinued Operation, Liabilities						$ 9,000,000
Disposal Group, Including Discontinued Operation, Revenue					$ 78,000,000
Loss on disposal of businesses and impairment of net assets held for sale	$ 2,485,000	$ 33,497,000	$ 2,236,000	$ 48,520,000

Financial Statement Informat_13

Financial Statement Information Intangible Assets (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Intangible Assets
Decrease in Market Capitalization	40.00%
Decrease In Forecasted Revenue		50.00%
Amount that fair value exceeds carrying value	12.00%
Goodwill		$ 4,377,350	$ 4,406,535

Financial Statement Informat_14

Financial Statement Information Investments in Unconsolidated Subsidiaries (Details) $ in Thousands	Dec. 01, 2016USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020SEK (kr)	Dec. 31, 2019USD ($)	Mar. 31, 2019SEK (kr)
Schedule of Equity Method Investments [Line Items]
Equity method investments		$ 136,673				$ 136,673			$ 139,243
Equity in (losses) earnings of unconsolidated subsidiaries		2,649	$ (1,572)			2,133	$ 37,977
Impairment of equity method investments						0	39,551
Share Price of the Equity Method Investment | kr								kr 66		kr 65
Derivative Asset, Noncurrent		0				0			3,443
Mekonomen [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments		111,000				111,000
Equity Method Investment, Ownership Percentage	26.50%
Payments to Acquire Equity Method Investments	$ 181,000				$ 48,000
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity		5,000				5,000
Impairment of equity method investments				$ 40,000
Equity Method Investments, Fair Value Disclosure		99,000				99,000
Mekonomen [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage					26.60%
Europe [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments		121,374				121,374			121,619
Equity in (losses) earnings of unconsolidated subsidiaries		1,000				1,000
North America [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments		15,299				15,299			$ 17,624
Equity in (losses) earnings of unconsolidated subsidiaries		$ (3,000)	$ (1,000)			$ (3,000)	$ (1,000)

Financial Statement Informat_15

Financial Statement Information Warranty Reserve (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Warranty Reserve [Abstract]
Standard Product Warranty Accrual	$ 28,862	$ 25,441
Standard Product Warranty Accrual, Increase for Warranties Issued	30,610
Standard Product Warranty Accrual, Decrease for Payments	$ 27,189

Financial Statement Informat_16

Financial Statement Information Treasury Stock (Details) - USD ($) $ in Thousands, shares in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Treasury Stock [Abstract]
Stock Repurchase Program, Authorized Amount		$ 1,000,000
Stock Repurchased During Period, Shares	4.4	3.3	7
Payments for Repurchase of Common Stock	$ 120,000	$ 88,006	$ 190,762
Stock Repurchase Program Remaining Authorized Repurchases, Amount		$ 560,000

Financial Statement Informat_17

Financial Statement Information Recently Adopted Accounting Pronouncements (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of ASU 2016-13 (see Note 3)	$ (3,000)	$ (2,519)
Accounting Standards Update 2016-13 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of ASU 2016-13 (see Note 3)	$ 3,000

Financial Statement Informat_18

Financial Statement Information Noncontrolling Interest (Details)		6 Months Ended
		Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019EUR (€)
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Decrease from Deconsolidation	[1]	$ 11,404,000
Redeemable noncontrolling interest		24,077,000	$ 24,077,000
Redeemable NCI, Call Option			26,000,000	€ 23,000,000
Reedemable NCI, Put Option			$ 24,000,000	€ 21,000,000
Noncontrolling Interest
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Decrease from Deconsolidation	[1]	$ 11,404,000
[1]	(1) The amount disposed of in 2020 relates to discontinued operations. See Note 2, "Discontinued Operations," for further information.

Financial Statement Informat_19

Financial Statement Information Government Assistance (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Government Assistance [Line Items]
Government Assistance Amount		$ 33,000
Value added taxes payable		160,294	$ 46,490
Income taxes payable		114,202	$ 26,959
Minimum [Member]
Government Assistance [Line Items]
Deferred Tax Payments Liability CARES Act	$ 125,000	175,000
Maximum
Government Assistance [Line Items]
Deferred Tax Payments Liability CARES Act	$ 135,000	185,000
cost of goods and services sold [Member]
Government Assistance [Line Items]
Government Assistance Amount		1,000
Selling, General and Administrative Expenses [Member]
Government Assistance [Line Items]
Government Assistance Amount		$ 32,000

Revenue Recognition Disaggreg_2

Revenue Recognition Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Revenue Recognition [Line Items]
Revenues	$ 2,626,323	$ 3,248,173	$ 5,627,258	$ 6,348,476
Deferred Service-Type Warranty Revenue	25,439		25,439		$ 27,067
Deferred Service-Type Revenue, Additions			20,845
Deferred Service-Type Revenue Recognized			(22,473)
Revenue, Variable Consideration Reserve	72,000		72,000		108,000
Contract with Customer, Right to Recover Product	58,000		58,000		52,000
Contract with Customer, Refund Liability	104,000		104,000		$ 97,000
North America [Member]
Revenue Recognition [Line Items]
Revenues	1,011,395	1,321,766	2,301,590	2,624,075
Europe [Member]
Revenue Recognition [Line Items]
Revenues	1,211,185	1,516,240	2,574,779	2,961,781
Specialty [Member]
Revenue Recognition [Line Items]
Revenues	404,874	411,636	753,456	765,373
Parts and Services [Domain]
Revenue Recognition [Line Items]
Revenues	2,503,158	3,086,697	5,315,875	6,035,792
Parts and Services [Domain] | North America [Member]
Revenue Recognition [Line Items]
Revenues	892,826	1,165,482	2,000,168	2,321,180
Parts and Services [Domain] | Europe [Member]
Revenue Recognition [Line Items]
Revenues	1,206,330	1,510,952	2,564,299	2,951,793
Parts and Services [Domain] | Specialty [Member]
Revenue Recognition [Line Items]
Revenues	404,002	410,263	751,408	762,819
Other Revenue [Member]
Revenue Recognition [Line Items]
Revenues	$ 123,165	$ 161,476	$ 311,383	$ 312,684

Revenue Recognition Movement in

Revenue Recognition Movement in Standard Product Warranty Accrual (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Product Warranty Liability [Line Items]
Contract with Customer, Right to Recover Product	$ 58,000	$ 52,000
Contract with Customer, Refund Liability	104,000	97,000
Revenue, Variable Consideration Reserve	72,000	108,000
Deferred Service-Type Warranty Revenue	25,439	$ 27,067
Deferred Revenue, Additions	20,845
Deferred Revenue, Revenue Recognized	$ 22,473
Minimum [Member]
Product Warranty Liability [Line Items]
Standard Product Warranty Period	6 months
Maximum
Product Warranty Liability [Line Items]
Standard Product Warranty Period	36 months

Restructuring and Acquisition_2

Restructuring and Acquisition Related Expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	$ 4	$ 3	$ 5	$ 6
Andrew Page [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		1		$ 3
2020 Global Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	25		27
2020 Global Restructuring Program [Member] | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	75		75
2020 Global Restructuring Program [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	65		65
2019 Global Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	2		5		$ 37
Restructuring and Related Cost, Expected Cost	45		45
2019 Global Restructuring Program [Member] | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	4		4
2019 Global Restructuring Program [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	2		2
1 LKQ Europe Program [Member] | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	55		55
1 LKQ Europe Program [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	45		45
Cost of Sales [Member] | 2020 Global Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	6
Restructuring Charges And Business Combination Acquisition Related Costs [Member] | 2019 Global Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		$ 5
Specialty [Member] | 2020 Global Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	1		1
Restructuring and Related Cost, Cost Incurred to Date	1		1
Specialty [Member] | 2019 Global Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	1		1
North America [Member] | 2020 Global Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	28		28
Restructuring and Related Cost, Cost Incurred to Date	17		17
North America [Member] | 2019 Global Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	14		14
Europe [Member] | 2020 Global Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	40		40
Restructuring and Related Cost, Cost Incurred to Date	10		10
Europe [Member] | 2019 Global Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	$ 27		$ 27

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (279,763)	$ (188,553)	$ (279,763)	$ (188,553)	$ (313,903)	$ (200,885)	$ (190,854)	$ (174,950)
Pretax income (loss)	22,856	(3,816)	(77,022)	1,882
Income tax effect	1,842	2,230	858	(1,424)
Reclassification of unrealized loss (gain)	10,416	2,050	(3,177)	(16,885)
Reclassification of deferred income taxes	(2,607)	(484)	587	3,966
OtherComprehensiveIncomeLossBeforeReclassificationsDisposalOfBusiness	671		766
Other comprehensive income from unconsolidated subsidiaries	962	2,321	(890)	(1,142)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(243,524)	(181,890)	(243,524)	(181,890)	(274,858)	(170,893)	(187,492)	(177,597)
Pretax income (loss)	30,663	5,602	(73,397)	(4,293)
Income tax effect	0	0	0	0
Reclassification of unrealized loss (gain)	0	0	0	0
Reclassification of deferred income taxes	0	0	0	0
OtherComprehensiveIncomeLossBeforeReclassificationsDisposalOfBusiness	671		766
Other comprehensive income from unconsolidated subsidiaries	0	0	0	0
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(1,994)	5,987	(1,994)	5,987	(1,963)	5,358	11,637	14,374
Pretax income (loss)	(7,807)	(9,418)	(3,625)	6,175
Income tax effect	1,842	2,230	858	(1,424)
Reclassification of unrealized loss (gain)	7,761	2,013	(5,946)	(17,175)
Reclassification of deferred income taxes	(1,827)	(475)	1,361	4,037
OtherComprehensiveIncomeLossBeforeReclassificationsDisposalOfBusiness	0		0
Other comprehensive income from unconsolidated subsidiaries	0	0	0	0
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(29,939)	(7,856)	(29,939)	(7,856)	(31,814)	(31,934)	(7,884)	(8,075)
Pretax income (loss)	0	0	0	0
Income tax effect	0	0	0	0
Reclassification of unrealized loss (gain)	2,655	37	2,769	290
Reclassification of deferred income taxes	(780)	(9)	(774)	(71)
OtherComprehensiveIncomeLossBeforeReclassificationsDisposalOfBusiness	0		0
Other comprehensive income from unconsolidated subsidiaries	0	0	0	0
Accumulated Gain (Loss) from Unconsoldated Subsidiaries [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(4,306)	(4,794)	(4,306)	(4,794)	$ (5,268)	$ (3,416)	$ (7,115)	$ (3,652)
Pretax income (loss)	0	0	0	0
Income tax effect	0	0	0	0
Reclassification of unrealized loss (gain)	0	0	0	0
Reclassification of deferred income taxes	0	0	0	0
OtherComprehensiveIncomeLossBeforeReclassificationsDisposalOfBusiness	0		0
Other comprehensive income from unconsolidated subsidiaries	962	2,321	(890)	(1,142)
Interest Rate Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification of unrealized loss (gain)	1,769	(1,763)	(1,527)	(3,455)
Interest expense, net of interest income [Member] | Currency Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification of unrealized loss (gain)	(2,796)	(4,319)	(5,347)	(8,649)
Other income, net [Member] | Currency Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification of unrealized loss (gain)	$ 8,788	$ 8,095	$ 928	$ (5,071)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Schedule of Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent Unrealized Loss Gains	$ (10,416)	$ (2,050)	$ 3,177	$ 16,885
Interest Rate Swap
Schedule of Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent Unrealized Loss Gains	(1,769)	1,763	1,527	3,455
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Schedule of Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent Unrealized Loss Gains	$ (7,761)	$ (2,013)	$ 5,946	$ 17,175

Equity Incentive Plans - Additi

Equity Incentive Plans - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense	$ 8,000	$ 8,000	$ 15,763	$ 13,659
Stock Options [Abstract]
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount	$ 51,000		$ 51,000
Performance Based RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Performance Period			3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	292,947		292,947		136,170
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 29.97		$ 29.97		$ 27.69
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 31.85
RSUs [Abstract]
RSUs granted, shares			164,152
Stock Options [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected To Vest, Number	292,947		292,947
lkq_expected_to_vest_other_than_options_weighted_average_per_share	$ 29.97		$ 29.97
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms			2 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested			$ 7,675
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period			(7,375)
RSUs forfeited/canceled, weighted average grant date fair value			$ 29.65
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	1,872,129		1,872,129		1,612,026
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 31.90		$ 31.90		$ 31.72
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value			$ 31.71
RSUs [Abstract]
RSUs granted, shares			887,907
Fair value of RSUs vested during the period			$ 17,000
Stock Options [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected To Vest, Number	1,660,511		1,660,511
lkq_expected_to_vest_other_than_options_weighted_average_per_share	$ 31.83		$ 31.83
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms			3 years 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested			$ 43,505
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period			(77,143)
RSUs forfeited/canceled, weighted average grant date fair value			$ 32.81
Minimum [Member] | Stock options
Stock Options [Abstract]
Stock options expiration period			6 years
Maximum | Restricted Stock Units (RSUs) [Member]
Stock Options [Abstract]
Vesting period			5 years
Maximum | Performance Shares [Member]
RSUs [Abstract]
Reporting period of positive diluted earnings per share			5 years
Maximum | Stock options
Stock Options [Abstract]
Vesting period			5 years
Stock options expiration period			10 years

Stock-Based Compensation Schedu

Stock-Based Compensation Schedule of Unvested Restricted Stock Units Activity (Details) - RSUs - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Shares Outstanding [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	1,872,129	1,612,026
RSUs granted, shares	887,907
RSUs vested, shares	(550,661)
RSUs forfeited/canceled, shares	(77,143)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected To Vest, Number	1,660,511
lkq_expected_to_vest_other_than_options_weighted_average_per_share	$ 31.83
Weighted Average Fair Value [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	31.90	$ 31.72
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	31.71
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	30.94
RSUs forfeited/canceled, weighted average grant date fair value	$ 32.81
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms	3 years 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested	$ 43,505

Stock-Based Compensation Sche_2

Stock-Based Compensation Schedule of Stock Option Activity (Details) - Stock options - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Shares Outstanding [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	0	114,594
Stock options exercised, shares	(112,472)
Stock options forfeited/canceled, shares	(2,122)
Weighted Average Fair Value [Abstract]
Stock options outstanding, weighted average exercise price	$ 0	$ 12.26
Stock options exercised, weighted average exercise price	11.88
Stock options forfeited/canceled, weighted average exercise price	$ 32.31
Aggregate Intrinsic Value [Abstract]
Stock options exercised, aggregate intrinsic value	$ 2,629
Stock options outstanding, aggregate intrinsic value	$ 0

Schedule of Stock-Based Compens

Schedule of Stock-Based Compensation Expense Expected to be Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense	$ 8,000	$ 8,000	$ 15,763	$ 13,659
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount	$ 51,000		$ 51,000

Earnings Per Share Earnings P_2

Earnings Per Share Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Schedule of Earnings Per Share, Basic and Diluted [Line Items]
Net income	$ 118,770	$ 152,105	$ 264,749	$ 251,168
Income from continuing operations	$ 118,493	$ 151,707	$ 265,387	$ 250,770
Denominator for basic earnings per share—Weighted-average shares outstanding	304,001	311,891	305,123	313,460
Effect of dilutive securities:
Denominator for diluted earnings per share—Adjusted weighted-average shares outstanding	304,190	312,719	305,477	314,360
Income from continuing operations	$ 0.39	$ 0.49	$ 0.87	$ 0.80
Income from continuing operations	$ 0.39	$ 0.49	$ 0.87	$ 0.80
RSUs
Effect of dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	189	315	352	364
Performance Based RSU [Member]
Effect of dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	0	0	0
Stock options
Effect of dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0	513	2	536

Schedule of Antidilutive Securi

Schedule of Antidilutive Securities Excluded from Computation of Diluted Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities	1,444	559	913	579
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities	0	32	0	32

Long-Term Obligations - Additio

Long-Term Obligations - Additional Information (Details) $ in Thousands, € in Millions	Jan. 10, 2020USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2018USD ($)	Jan. 29, 2024USD ($)	Dec. 31, 2019USD ($)	Dec. 20, 2018USD ($)	Nov. 20, 2018USD ($)	Apr. 09, 2018EUR (€)	Dec. 01, 2017	Apr. 14, 2016	May 09, 2013USD ($)
Debt Instrument
Debt and Capital Lease Obligations, Net		$ 3,250,925		$ 3,250,925				$ 4,041,756
Restructuring Charges And Business Combination Acquisition Related Costs net of Restructuring Depreciation		3,173	$ 0	3,972	$ 0
Borrowings Under Credit Facility		1,500,000		1,500,000				1,600,000
Early-redemption premium				(9,498)	0
Gain (Loss) on Extinguishment of Debt		0	$ 0	(12,751)	$ 0
Debt and Lease Obligation		3,278,453		$ 3,278,453				4,072,026
Senior Notes 2028 [Member]
Debt Instrument
Debt Instrument, Redemption, Description				35.00%
Loans Payable [Member]
Debt Instrument
Secured Debt		332,500		$ 332,500				341,250
US Notes (2023) [Member]
Debt Instrument
Long-term Debt		0		0				600,000
Senior notes interest rate														4.75%
Debt Instrument, Redemption Price, Percentage	101.583%
Extinguishment of Debt, Amount	$ 614,000
Early-redemption premium	9,000
Interest and Debt Expense	4,000
Gain (Loss) on Extinguishment of Debt	$ 13,000
Long-term Debt, Fair Value								609,000
Euro Notes (2024)
Debt Instrument
Long-term Debt		561,700		561,700				560,650
Senior notes interest rate													3.875%
Long-term Debt, Fair Value		583,000		$ 583,000				632,000
Senior Notes 2024 [Member]
Debt Instrument
Debt Instrument, Redemption Price, Percentage				100.00%
Euro Notes 2026/28 [Member]
Debt Instrument
Payments of Financing Costs						$ 16,000
Long-term Debt		1,123,400		$ 1,123,400				1,121,300			€ 1,000
Debt Instrument, Redemption Price, Percentage				100.00%
Long-term Debt, Fair Value		$ 1,200,000		$ 1,200,000				1,200,000
Senior Notes 2026 [Member]
Debt Instrument
Debt Instrument, Redemption, Description				35.00%
Receivables securitization
Debt Instrument
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount								$ 0
Revolving Credit Facility [Member]
Debt Instrument
Weighted average interest rates		1.50%		1.50%				1.60%
Line of Credit Facility, Remaining Borrowing Capacity		$ 1,900,000		$ 1,900,000
Amendment No. 3, Fourth Amended and Restate Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument
Line of Credit Facility, Maximum Borrowing Capacity										$ 3,150,000
Line of Credit Facility, Frequency of Payments				quarterly installments
Line of Credit Facility, Periodic Payment							$ 4,000
Increment change in applicable margin												0.25%
Long-Term Line of Credit, Current		18,000		$ 18,000				$ 18,000
Outstanding letters of credit		70,000		$ 70,000
Amendment No. 3, Fourth Amended and Restate Credit Agreement [Member] | Letter of Credit [Member]
Debt Instrument
Line of Credit Facility, Commitment Fee Percentage				0.125%
Fourth Amended Credit Agreement | Revolving Credit Facility [Member]
Debt Instrument
Payments of Financing Costs				$ 4,000
Mitsubishi UFJ [Member] | Receivables securitization
Debt Instrument
Line of Credit Facility, Maximum Borrowing Capacity									$ 110,000
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount		0		0				0
Twenty Twenty Three [Domain] | US Notes (2023) [Member]
Debt Instrument
Long-term Debt														$ 600,000
TwentyTwentySix [Member] | Euro Notes 2026/28 [Member]
Debt Instrument
Long-term Debt | €											€ 750
Senior notes interest rate											3.625%
TwentyTwentyEight [Member] | Euro Notes 2026/28 [Member]
Debt Instrument
Long-term Debt | €											€ 250
Senior notes interest rate											4.125%
Net Receivables [Member] | Mitsubishi UFJ [Member] | Receivables securitization
Debt Instrument
Debt Instrument, Collateral Amount		$ 104,000		$ 104,000				$ 132,000
Maximum | Amendment No. 3, Fourth Amended and Restate Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument
Increment change in commitment fees		0.05%		0.05%

Schedule of Long-Term Obligatio

Schedule of Long-Term Obligations (Details) $ in Thousands, € in Millions	3 Months Ended			12 Months Ended
	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Apr. 09, 2018EUR (€)	Apr. 14, 2016EUR (€)
Debt Instrument
Finance Lease, Liability					$ 43,472	$ 40,837
Other Debt					51,251	113,010
Long-term obligations, total					3,278,453	4,072,026
Deferred Finance Costs, Noncurrent, Net					(27,208)	(29,990)
Deferred Finance Costs, Current, Net					(320)	(280)
Long-term obligations, total, net					3,250,925	4,041,756
Current portion of long-term obligations					(93,200)	(326,367)
Long-term obligations, excluding current portion					3,157,725	3,715,389
Loans Payable
Debt Instrument
Term loan					332,500	341,250
Revolving Credit Facility [Member]
Debt Instrument
Long-term Line of Credit					1,138,928	1,268,008
US Notes (2023) [Member]
Debt Instrument
Long-term Debt					0	600,000
Euro Notes (2024)
Debt Instrument
Long-term Debt					561,700	560,650
Euro Notes 2026/28 [Member]
Debt Instrument
Long-term Debt					1,123,400	1,121,300	€ 1,000
Receivables securitization
Debt Instrument
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount						0
Notes payable
Debt Instrument
Notes Payable					$ 27,202	$ 26,971
Revolving Credit Facility [Member]
Debt Instrument
Weighted average interest rates					1.50%	1.60%
Amendment No. 3, Fourth Amended and Restate Credit Agreement [Member] | Revolving Credit Facility [Member]
Debt Instrument
Maximum Permitted Net Leverage Ratio			400.00%
Mitsubishi UFJ [Member] | Receivables securitization
Debt Instrument
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount					$ 0	$ 0
AmendmentNo.4FourthAmendedandRestateCreditAgreementMember | Revolving Credit Facility [Member]
Debt Instrument
Maximum Permitted Net Leverage Ratio	400.00%	425.00%	450.00%	500.00%
Twenty Twenty Four [Domain] | Euro Notes (2024)
Debt Instrument
Long-term Debt | €								€ 500
TwentyTwentySix [Member] | Euro Notes 2026/28 [Member]
Debt Instrument
Long-term Debt | €							750
TwentyTwentyEight [Member] | Euro Notes 2026/28 [Member]
Debt Instrument
Long-term Debt | €							€ 250

Schedule of Long-Term Obligat_2

Schedule of Long-Term Obligations (Parenthetical) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument
Finance Lease, Weighted Average Discount Rate, Percent	3.90%	4.10%
Notes Payable [Member]
Debt Instrument
Debt, Weighted Average Interest Rate	3.10%	3.20%
Senior Notes 2024 [Member]
Debt Instrument
Debt Instrument, Redemption Price, Percentage	100.00%
Euro Notes 2026/28 [Member]
Debt Instrument
Debt Instrument, Redemption Price, Percentage	100.00%
Senior Notes 2026 [Member]
Debt Instrument
Debt Instrument Redemption Price Percentage of Principal Amount Eligible To Be Redeemed	35.00%
Other Debt [Member] [Member]
Debt Instrument
Debt, Weighted Average Interest Rate	1.30%	1.80%
Receivables Securitization [Member]
Debt Instrument
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount		$ 0
Mitsubishi UFJ [Member] | Receivables Securitization [Member]
Debt Instrument
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount	$ 0	$ 0
Revolving Credit Facility [Member]
Debt Instrument
Debt, Weighted Average Interest Rate	1.50%	1.60%

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Details) $ in Thousands, € in Millions	Jun. 30, 2020EUR (€)	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net		$ 2,000
Derivative Asset, Current		2,717	$ 2,975
Derivative Liability, Current		27,564	970
Settlement of Notional Amounts | €	€ (4)
Derivative Asset, Noncurrent		0	3,443
Derivative Liability, Noncurrent		0	23,349
Interest Rate Swap [Member]
Derivative Asset, Current		0	0
Derivative Liability, Current		3,005	0
Derivative Liability, Noncurrent		0	0
Derivative, Notional Amount		480,000	480,000
Cross Currency Interest Rate Contract [Member]
Derivative Asset, Current		2,717	2,975
Derivative Liability, Current			970
Derivative Asset, Noncurrent		0	181
Derivative Liability, Noncurrent		0	23,349
Derivative, Notional Amount		458,689	466,621
Fair Value, Recurring [Member]
Financial and Nonfinancial Liabilities, Fair Value Disclosure		103,341	99,839
Assets, Fair Value Disclosure		62,316	67,055
Fair Value, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Financial and Nonfinancial Liabilities, Fair Value Disclosure		24,559	24,319
Assets, Fair Value Disclosure		2,717	3,156
Fair Value, Recurring [Member] | Interest Rate Swap [Member]
Derivative Asset, Noncurrent		0	3,262
Financial and Nonfinancial Liabilities, Fair Value Disclosure		3,005
Assets, Fair Value Disclosure			3,262
Prepaid expenses and other current assets and Other accrued expenses [Member]
Effect of Netting Derivative Instruments		(3,000)	(1,000)
Other Noncurrent Assets [Member]
Effect of Netting Derivative Instruments		0	1,000
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Financial and Nonfinancial Liabilities, Fair Value Disclosure		91,427	88,300
Assets, Fair Value Disclosure		62,316	67,055
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Financial and Nonfinancial Liabilities, Fair Value Disclosure		24,559	24,319
Assets, Fair Value Disclosure		2,717	3,156
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Interest Rate Swap [Member]
Financial and Nonfinancial Liabilities, Fair Value Disclosure		$ 3,005
Assets, Fair Value Disclosure			$ 3,262

Fair Value Measurements (Detail

Fair Value Measurements (Details) $ in Thousands, € in Billions	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Apr. 09, 2018EUR (€)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Long-term Line of Credit	$ 1,500,000	$ 1,600,000
Derivative Liability, Noncurrent	0	23,349
Fair Value, Recurring [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure	62,316	67,055
Financial and Nonfinancial Liabilities, Fair Value Disclosure	103,341	99,839
Fair Value, Recurring [Member] | Cash Surrender Value [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure	59,599	60,637
Fair Value, Recurring [Member] | Interest Rate Swap [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure		3,262
Financial and Nonfinancial Liabilities, Fair Value Disclosure	3,005
Fair Value, Recurring [Member] | Contingent Consideration Liabilities [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	11,914	11,539
Fair Value, Recurring [Member] | Deferred Compensation Liabilities [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	63,863	63,981
Fair Value, Recurring [Member] | Cross Currency Interest Rate Contract [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure	2,717	3,156
Financial and Nonfinancial Liabilities, Fair Value Disclosure	24,559	24,319
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Cash Surrender Value [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure		0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Contingent Consideration Liabilities [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Deferred Compensation Liabilities [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Cross Currency Interest Rate Contract [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure	62,316	67,055
Financial and Nonfinancial Liabilities, Fair Value Disclosure	91,427	88,300
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Cash Surrender Value [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure	59,599	60,637
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure		3,262
Financial and Nonfinancial Liabilities, Fair Value Disclosure	3,005
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Contingent Consideration Liabilities [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Deferred Compensation Liabilities [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	63,863	63,981
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Cross Currency Interest Rate Contract [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure	2,717	3,156
Financial and Nonfinancial Liabilities, Fair Value Disclosure	24,559	24,319
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	11,914	11,539
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Cash Surrender Value [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure		0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Contingent Consideration Liabilities [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	11,914	11,539
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Deferred Compensation Liabilities [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Cross Currency Interest Rate Contract [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0	0
Euro Notes 2026/28 [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Long-term Debt	1,123,400	1,121,300	€ 1
Long-term Debt, Fair Value	1,200,000	1,200,000
Euro Notes (2024)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Long-term Debt	561,700	560,650
Long-term Debt, Fair Value	583,000	632,000
Receivables securitization
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Transfers Accounted for as Secured Borrowings, Associated Liabilities, Fair Value	0
US Notes (2023) [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Long-term Debt	$ 0	600,000
Long-term Debt, Fair Value		$ 609,000

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Funded (Unfunded) Status of Plan	$ 142,000		$ 142,000		$ 142,000
Defined Benefit Plan, Service Cost	856	$ 1,074	1,526	$ 1,661
Defined Benefit Plan, Interest Cost	731	1,010	1,449	1,995
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(662)	(560)	(1,140)	(1,340)
Defined Benefit Plan, Amortization of Gain (Loss)	555	37	669	290
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	3,580	1,561	4,604	2,606
Defined Benefits Plan, Settlements Loss	2,100	$ 0	$ 2,100	$ 0
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	$ 2,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Effective Income Tax Rate Reconciliation, Percent	27.70%	27.10%
Effective Income Tax Rate Reconciliation, Change as a result of the Discrete Items, Percent	0.30%	0.10%

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)
Segment Reporting Information
Net income	$ 118,770	$ 152,105	$ 264,749	$ 251,168
Less: net (loss) income attributable to continuing noncontrolling interest	(22)	1,352	718	2,367
Less: net income attributable to discontinued noncontrolling interest	0	192	103	192
Segment EBITDA	291,174	358,696	613,106	678,589
Depreciation and amortization	72,930	76,154	$ 144,309	152,361
Number of operating segments			4
Number of reportable segments			3
North America [Member]
Segment Reporting Information
Segment EBITDA	149,554	190,048	$ 360,992	366,684
Depreciation and amortization	25,050	22,425	$ 48,198	44,664
Number of reportable segments			1
Europe [Member]
Segment Reporting Information
Segment EBITDA	89,387	116,281	$ 167,649	221,579
Depreciation and amortization	40,493	46,774	81,588	93,785
Specialty [Member]
Segment Reporting Information
Segment EBITDA	52,233	52,367	84,465	90,326
Depreciation and amortization	7,387	6,955	14,523	13,912
Intersegment Eliminations [Member]
Segment Reporting Information
Segment EBITDA	0	0	0	0
Depreciation and amortization	$ 0	$ 0	$ 0	$ 0

Schedule of Financial Performan

Schedule of Financial Performance by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information
Revenues	$ 2,626,323	$ 3,248,173	$ 5,627,258	$ 6,348,476
Segment EBITDA	291,174	358,696	613,106	678,589
Depreciation and amortization	72,930	76,154	144,309	152,361
North America [Member]
Segment Reporting Information
Revenues	1,011,395	1,321,766	2,301,590	2,624,075
Segment EBITDA	149,554	190,048	360,992	366,684
Depreciation and amortization	25,050	22,425	48,198	44,664
Europe [Member]
Segment Reporting Information
Revenues	1,211,185	1,516,240	2,574,779	2,961,781
Segment EBITDA	89,387	116,281	167,649	221,579
Depreciation and amortization	40,493	46,774	81,588	93,785
Specialty [Member]
Segment Reporting Information
Revenues	404,874	411,636	753,456	765,373
Segment EBITDA	52,233	52,367	84,465	90,326
Depreciation and amortization	7,387	6,955	14,523	13,912
Intersegment Eliminations [Member]
Segment Reporting Information
Revenues	(1,131)	(1,469)	(2,567)	(2,753)
Segment EBITDA	0	0	0	0
Depreciation and amortization	0	0	0	0
Third Party [Member]
Segment Reporting Information
Revenues	2,626,323	3,248,173	5,627,258	6,348,476
Third Party [Member] | North America [Member]
Segment Reporting Information
Revenues	1,011,136	1,321,670	2,301,071	2,623,876
Third Party [Member] | Europe [Member]
Segment Reporting Information
Revenues	1,211,185	1,516,240	2,574,779	2,961,781
Third Party [Member] | Specialty [Member]
Segment Reporting Information
Revenues	404,002	410,263	751,408	762,819
Third Party [Member] | Intersegment Eliminations [Member]
Segment Reporting Information
Revenues	0	0	0	0
Intersegment [Member]
Segment Reporting Information
Revenues	0	0	0	0
Intersegment [Member] | North America [Member]
Segment Reporting Information
Revenues	259	96	519	199
Intersegment [Member] | Europe [Member]
Segment Reporting Information
Revenues	0	0	0	0
Intersegment [Member] | Specialty [Member]
Segment Reporting Information
Revenues	872	1,373	2,048	2,554
Intersegment [Member] | Intersegment Eliminations [Member]
Segment Reporting Information
Revenues	$ (1,131)	$ (1,469)	$ (2,567)	$ (2,753)

Reconciliation Of Segment EBITD

Reconciliation Of Segment EBITDA To Net Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Reconciliation of Segment Earnings Before Interest Taxes Depreciation And Amortization to Net Income Table [Line Items]
Net income	$ 118,770	$ 152,105	$ 264,749	$ 251,168
Less: net (loss) income attributable to continuing noncontrolling interest	(22)	1,352	718	2,367
Less: net income attributable to discontinued noncontrolling interest	0	(192)	(103)	(192)
Net income attributable to LKQ stockholders	118,792	150,561	263,928	248,609
Net income from discontinued operations	(277)	(398)	638	(398)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent	118,515	150,355	264,669	248,403
Depreciation and amortization	65,747	70,834	131,242	141,836
Cost, Depreciation	4,010	5,320	9,095	10,525
Depreciation and Amortization - Restructuring Expenses	3,173	0	3,972	0
Interest expense, net of interest income	25,616	35,884	51,547	71,973
Loss on debt extinguishment	0	0	12,751	0
Provision for income taxes	41,869	55,825	102,280	107,375
EBITDA	258,930	318,218	575,556	580,112
Equity in (losses) earnings of unconsolidated subsidiaries	(2,649)	1,572	(2,133)	(37,977)
Restructuring Charges And Business Combination Acquisition Related Costs net of Restructuring Depreciation	21,777	8,377	27,948	11,684
CostofGoodsSoldRestructuringCharges	5,665	0	5,661	0
Loss on disposal of businesses and impairment of net assets held for sale	2,485	33,497	2,236	48,520
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	(332)	176	(428)	296
Segment EBITDA	$ 291,174	$ 358,696	$ 613,106	$ 678,589

Schedule of Capital Expenditure

Schedule of Capital Expenditures by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information
Capital Expenditures	$ 32,763	$ 48,252	$ 77,301	$ 101,268
North America [Member]
Segment Reporting Information
Capital Expenditures	10,892	23,169	40,213	54,403
Europe [Member]
Segment Reporting Information
Capital Expenditures	19,502	21,840	32,550	41,417
Specialty [Member]
Segment Reporting Information
Capital Expenditures	$ 2,369	$ 3,243	$ 4,538	$ 5,448

Schedule of Assets by Reportabl

Schedule of Assets by Reportable Segment (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Segment Reporting Information
Receivables, net	$ 1,125,816	$ 1,131,132
Inventories	2,288,293	2,772,777
Property, plant and equipment, net	1,196,505	1,234,400
Operating lease assets, net	1,272,513	1,308,511
Equity method investments	136,673	139,243
Other unallocated assets	6,015,499	6,193,893
Total assets	12,035,299	12,779,956
North America [Member]
Segment Reporting Information
Receivables, net	355,421	419,452
Inventories	829,049	991,062
Property, plant and equipment, net	587,230	610,573
Operating lease assets, net	756,128	768,164
Equity method investments	15,299	17,624
Europe [Member]
Segment Reporting Information
Receivables, net	629,355	636,216
Inventories	1,223,628	1,401,801
Property, plant and equipment, net	527,255	538,951
Operating lease assets, net	434,221	457,035
Equity method investments	121,374	121,619
Specialty [Member]
Segment Reporting Information
Receivables, net	141,040	75,464
Inventories	235,616	379,914
Property, plant and equipment, net	82,020	84,876
Operating lease assets, net	$ 82,164	$ 83,312

Segment and Geographic Inform_4

Segment and Geographic Information Schedule of Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues from External Customers and Long-Lived Assets
Revenues	$ 2,626,323	$ 3,248,173	$ 5,627,258	$ 6,348,476
UNITED STATES
Revenues from External Customers and Long-Lived Assets
Revenues	1,330,543	1,613,417	2,864,489	3,155,443
GERMANY
Revenues from External Customers and Long-Lived Assets
Revenues	359,134	415,947	733,686	802,412
UNITED KINGDOM
Revenues from External Customers and Long-Lived Assets
Revenues	278,419	409,765	669,038	822,578
Other countries
Revenues from External Customers and Long-Lived Assets
Revenues	$ 658,227	$ 809,044	$ 1,360,045	$ 1,568,043

Schedule of Tangible Long-Lived

Schedule of Tangible Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets
Long-Lived Assets	$ 2,469,018	$ 2,542,911
UNITED STATES
Revenues from External Customers and Long-Lived Assets
Long-Lived Assets	1,435,244	1,467,701
UNITED KINGDOM
Revenues from External Customers and Long-Lived Assets
Long-Lived Assets	286,952	330,113
Other countries
Revenues from External Customers and Long-Lived Assets
Long-Lived Assets	406,141	404,102
GERMANY
Revenues from External Customers and Long-Lived Assets
Long-Lived Assets	$ 340,681	$ 340,995

Uncategorized Items - lkq-20200

Label	Element	Value
Cash And Cash Equivalents, Continuing Operations	lkq_CashAndCashEquivalentsContinuingOperations	$ 337,250,000
Cash And Cash Equivalents, Continuing Operations	lkq_CashAndCashEquivalentsContinuingOperations	528,387,000
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents	us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents	6,470,000
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents	us-gaap_DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents	0
Cash and Cash Equivalents, at Carrying Value, Including Discontinued Operations	us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations	337,250,000
Cash and Cash Equivalents, at Carrying Value, Including Discontinued Operations	us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations	$ 534,857,000