LKQ (LKQ) 10-Q 2 Aug 22 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Jul. 26, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
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		274,389,978
Amendment Flag	false
Document Fiscal Year Focus	2022
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 Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue	$ 3,341	$ 3,435	$ 6,689	$ 6,606
Cost of goods sold	1,974	2,020	3,965	3,897
Gross margin	1,367	1,415	2,724	2,709
Selling, general and administrative expenses	898	901	1,822	1,750
Restructuring and transaction related expenses	4	5	7	13
Gain on disposal of businesses	(155)	(1)	(155)	(1)
Depreciation and amortization	61	65	120	131
Operating income	559	445	930	816
Other expense (income):
Interest expense, net of interest income	14	16	29	40
Loss on debt extinguishment	0	24	0	24
Other expense (income), net	2	(6)	2	(12)
Total other expense, net	16	34	31	52
Income from continuing operations before provision for income taxes	543	411	899	764
Provision for income taxes	127	108	216	201
Equity in earnings of unconsolidated subsidiaries	4	3	6	9
Income from continuing operations	420	306	689	572
Net income from discontinued operations	0	0	4	0
Net income	420	306	693	572
Less: net income attributable to continuing noncontrolling interest	0	1	0	1
Net income attributable to LKQ stockholders	$ 420	$ 305	$ 693	$ 571
Basic earnings per share: (1)
Income from continuing operations	$ 1.49	$ 1.01	$ 2.43	$ 1.89
Net income from discontinued operations	0	0	0.02	0
Net income	1.49	1.01	2.45	1.89
Less: net income attributable to continuing noncontrolling interest	0	0	0	0
Net income attributable to LKQ stockholders	1.49	1.01	2.44	1.89
Diluted earnings per share: (1)
Income from continuing operations	1.49	1.01	2.42	1.89
Net income from discontinued operations	0	0	0.02	0
Net income	1.49	1.01	2.44	1.89
Less: net income attributable to continuing noncontrolling interest	0	0	0	0
Net income attributable to LKQ stockholders	$ 1.49	$ 1.01	$ 2.44	$ 1.89

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 420	$ 306	$ 693	$ 572
Less: net income attributable to continuing noncontrolling interest	0	1	0	1
Net income attributable to LKQ stockholders	420	305	693	571
Other comprehensive (loss) income:
Foreign currency translation, net of tax	(150)	22	(204)	(3)
Net change in unrealized gains/losses on cash flow hedges, net of tax	0	0	0	1
Net change in unrealized gains/losses on pension plans, net of tax	0	1	0	1
Other comprehensive income (loss) from unconsolidated subsidiaries	1	2	2	(1)
Other comprehensive (loss) income	(149)	25	(202)	(2)
Comprehensive income	271	331	491	570
Less: comprehensive income attributable to continuing noncontrolling interest	0	1	0	1
Comprehensive income attributable to LKQ stockholders	$ 271	$ 330	$ 491	$ 569

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) shares in Millions, $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 265	$ 274
Receivables, net	1,161	1,073
Inventories	2,650	2,611
Prepaid expenses and other current assets	255	296
Total current assets	4,331	4,254
Property, plant and equipment, net	1,217	1,299
Operating lease assets, net	1,268	1,361
Goodwill	4,290	4,540
Other intangibles, net	669	746
Equity method investments	154	181
Other noncurrent assets	205	225
Total assets	12,134	12,606
Current liabilities:
Accounts payable	1,457	1,176
Accrued expenses:
Accrued payroll-related liabilities	203	261
Refund liability	108	107
Other accrued expenses	337	271
Current portion of operating lease liabilities	195	203
Current portion of long-term obligations	47	35
Other current liabilities	138	112
Total current liabilities	2,485	2,165
Long-term operating lease liabilities, excluding current portion	1,127	1,209
Long-term obligations, excluding current portion	2,313	2,777
Deferred income taxes	256	279
Other noncurrent liabilities	324	365
Redeemable noncontrolling interest	$ 24	$ 24
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000	1,000
Common Stock, Shares, Issued	322	321.6
Common Stock, Shares, Outstanding	276.6	287
Stockholders' equity:
Common stock, $0.01 par value, 1,000.0 shares authorized, 322.0 shares issued and 276.6 shares outstanding at June 30, 2022; 321.6 shares issued and 287.0 shares outstanding at December 31, 2021	$ 3	$ 3
Additional paid-in capital	1,492	1,474
Retained earnings	6,344	5,794
Accumulated other comprehensive loss	$ (355)	$ (153)
Treasury Stock, Common, Shares	45.4	34.6
Treasury stock, at cost; 45.4 shares at June 30, 2022 and 34.6 shares at December 31, 2021	$ (1,894)	$ (1,346)
Total Company stockholders' equity	5,590	5,772
Noncontrolling interest	15	15
Total stockholders' equity	5,605	5,787
Total liabilities and stockholders' equity	$ 12,134	$ 12,606

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,000	1,000
Common Stock, Shares, Issued	322	321.6
Common Stock, Shares, Outstanding	276.6	287
Treasury Stock, Common, Shares	45.4	34.6

Consolidated Statements of Cash

Consolidated Statements of Cash Flows € in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 693	$ 572
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	133	142
Gain on disposal of businesses	(155)	(1)
Stock-based compensation expense	23	17
Loss on debt extinguishment	0	24
Other	(9)	(24)
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:
Receivables, net	(186)	(161)
Inventories	(259)	7
Prepaid income taxes/income taxes payable	74	(19)
Accounts payable	412	284
Other operating assets and liabilities	11	92
Net cash provided by operating activities	737	933
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment	(99)	(88)
Proceeds from disposals of property, plant and equipment	3	12
Acquisitions, net of cash acquired	(5)	(29)
Proceeds from disposal of businesses	372	6
Other investing activities, net	(6)	(10)
Net cash provided by (used in) investing activities	265	(109)
CASH FLOWS FROM FINANCING ACTIVITIES:
Early Redemption Premium	0	(16)
Borrowings under revolving credit facilities	808	3,614
Repayments under revolving credit facilities	(1,117)	(2,793)
Repayments under term loans	0	(324)
Borrowings of other debt, net	8	40
Settlement of derivative instruments, net	0	(89)
Dividends paid to LKQ stockholders	(142)	0
Purchase of treasury stock	(528)	(344)
Other financing activities, net	(14)	(14)
Net cash used in financing activities	(985)	(809)
Effect of exchange rate changes on cash and cash equivalents	(26)	2
Net (decrease) increase in cash and cash equivalents	(9)	17
Cash and cash equivalents, beginning of period	274	312
Cash and cash equivalents, end of period	265	329
Supplemental disclosure of cash paid for:
Income taxes, net of refunds	145	226
Interest	29	45
Euro Notes 2026
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of Euro Notes (2026)	$ 0	$ (883)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Treasury Stock, Common [Member]	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance as of April 1, 2022		320.9
Balance as of April 1, 2022	$ 5,671	$ 3	$ (469)	$ 1,444	$ 4,776	$ (99)	$ 16
Balance as of April 1, 2022 at Dec. 31, 2020			(17.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	571				571
Net income attributable to continuing noncontrolling interest	(1)						(1)
Other comprehensive loss	(2)
Purchase of treasury stock			7.7
Purchase of treasury stock	(361)		$ (361)
Restricted Stock Units Vested Shares Net Of Tax Withholdings		0.4
Vesting of restricted stock units, net of shares withheld for employee tax	(2)			(2)
Stock-based compensation expense	17			17
Balance as of June 30, 2022 at Jun. 30, 2021			(25)
Balance as of June 30, 2022 at Jun. 30, 2021		321.3
Balance as of June 30, 2022 at Jun. 30, 2021	5,895	$ 3	$ (830)	1,459	5,347	(101)	17
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	572
Balance as of April 1, 2022		321.2
Balance as of April 1, 2022	5,859	$ 3	$ (526)	1,450	5,042	(126)	16
Balance as of April 1, 2022 at Mar. 31, 2021			(18.8)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	305				305
Net income attributable to continuing noncontrolling interest	(1)						(1)
Other comprehensive loss	25					25
Purchase of treasury stock			6.2
Purchase of treasury stock	(304)		$ (304)
Restricted Stock Units Vested Shares Net Of Tax Withholdings		0.1
Vesting of restricted stock units, net of shares withheld for employee tax	0
Stock-based compensation expense	9			9
Balance as of June 30, 2022 at Jun. 30, 2021			(25)
Balance as of June 30, 2022 at Jun. 30, 2021		321.3
Balance as of June 30, 2022 at Jun. 30, 2021	5,895	$ 3	$ (830)	1,459	5,347	(101)	17
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	306
Balance as of April 1, 2022		321.3
Balance as of April 1, 2022	5,895	$ 3	(830)	1,459	5,347	(101)	17
Balance as of April 1, 2022		321.6
Balance as of April 1, 2022	5,787	$ 3	$ (1,346)	1,474	5,794	(153)	15
Balance as of April 1, 2022 at Dec. 31, 2021			(34.6)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	693				693
Net income attributable to continuing noncontrolling interest	0
Other comprehensive loss	(202)					(202)
Purchase of treasury stock			10.8
Purchase of treasury stock	(548)		$ (548)
Restricted Stock Units Vested Shares Net Of Tax Withholdings		0.4
Vesting of restricted stock units, net of shares withheld for employee tax	(5)			(5)
Stock-based compensation expense	23			23
Dividends declared to LKQ stockholders ($0.25 per share)	(143)				(143)
Balance as of June 30, 2022 at Jun. 30, 2022			(45.4)
Balance as of June 30, 2022 at Jun. 30, 2022		322
Balance as of June 30, 2022 at Jun. 30, 2022	5,605	$ 3	$ (1,894)	1,492	6,344	(355)	15
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	693
Balance as of April 1, 2022		322
Balance as of April 1, 2022	5,799	$ 3	$ (1,490)	1,482	5,995	(206)	15
Balance as of April 1, 2022 at Mar. 31, 2022			(37.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	420				420
Net income attributable to continuing noncontrolling interest	0
Other comprehensive loss	(149)					(149)
Purchase of treasury stock			(8.1)
Purchase of treasury stock	(404)		$ (404)
Stock-based compensation expense	10			10
Dividends declared to LKQ stockholders ($0.25 per share)	(71)				(71)
Balance as of June 30, 2022 at Jun. 30, 2022			(45.4)
Balance as of June 30, 2022 at Jun. 30, 2022		322
Balance as of June 30, 2022 at Jun. 30, 2022	5,605	$ 3	$ (1,894)	1,492	6,344	(355)	15
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	420
Balance as of April 1, 2022		322
Balance as of April 1, 2022	$ 5,605	$ 3	$ (1,894)	$ 1,492	$ 6,344	$ (355)	$ 15

Interim Financial Statements

Interim Financial Statements	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business	Interim Financial Statements LKQ Corporation, a Delaware 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 U.S. 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, 2021 filed with the SEC on February 25, 2022 ("2021 Form 10-K"). In the current year, we changed the presentation of our Unaudited Condensed Consolidated Financial Statements from thousands to millions and, as a result, any necessary rounding adjustments have been made to prior year disclosed amounts.

Financial Statement Information

Financial Statement Information (Notes)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Financial Statement Information [Text Block]	Financial Statement Information Allowance for Credit Losses Receivables, net are reported net of an 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 credit losses was $56 million and $53 million as of June 30, 2022 and December 31, 2021, respectively. The provision for credit losses was $1 million for both the three months ended June 30, 2022 and 2021 and $9 million and $4 million for the six months ended June 30, 2022 and 2021, respectively. Inventories Inventories consist of the following (in millions): June 30, 2022 December 31, 2021 Aftermarket and refurbished products $ 2,172 $ 2,168 Salvage and remanufactured products 439 406 Manufactured products 39 37 Total inventories $ 2,650 $ 2,611 Aftermarket and refurbished products and salvage and remanufactured products are primarily composed of finished goods. As of June 30, 2022, manufactured products inventory was composed of $22 million of raw materials, $5 million of work in process, and $12 million of finished goods. As of December 31, 2021, manufactured products inventory was composed of $27 million of raw materials, $4 million of work in process, and $5 million of finished goods. Divestitures In March 2022, we entered into a definitive agreement to sell PGW Auto Glass (“PGW”), our aftermarket glass business within our Wholesale - North America segment, to a third party. The sale was completed in April 2022 for $361 million resulting in recognition of a $155 million pretax gain ($127 million after tax). Intangible Assets Goodwill and indefinite-lived intangible assets are tested for impairment at least annually. We performed our annual impairment test during the fourth quarter of 2021, and determined no impairment existed as all of our reporting units had a fair value estimate which exceeded the carrying value by at least 70%. 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. Goodwill impairment testing may also be performed on an interim basis when events or circumstances arise that may lead to impairment. We did not identify any indicators of impairment in the first six months of 2022 that necessitated an interim test of goodwill impairment or indefinite-lived intangible assets impairment. Investments in Unconsolidated Subsidiaries We account for our Investments in unconsolidated subsidiaries using the equity method of accounting, as our investments give us the ability to exercise significant influence, but not control, over the investee. The carrying value of our Investments in unconsolidated subsidiaries were as follows (in millions): Ownership as of June 30, 2022 June 30, 2022 December 31, 2021 MEKO AB (1)(2) 26.6% $ 141 $ 145 Other (3) 13 36 Total $ 154 $ 181 (1) As of June 30, 2022, the fair value of our investment in MEKO AB ("Mekonomen") was $173 million based on the quoted market price for Mekonomen's common stock using the same foreign exchange rate as the carrying value. (2) As of June 30, 2022, our share of the book value of Mekonomen's net assets exceeded the book value of our investment by $8 million ; this difference is primarily related to Mekonomen's Accumulated Other Comprehensive Income balance as of our acquisition date in 2016. We record our equity in the net earnings of Mekonomen on a one quarter lag. (3) In June 2022, we sold an investment in our Self Service segment resulting in a decrease to the carrying value of $22 million, recognizing an insignificant gain upon sale. Warranty Reserve Some of our salvage mechanical products are sold with a standard six month warranty against defects. Additionally, some of the 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 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 millions): Warranty Reserve Balance as of December 31, 2021 $ 30 Warranty expense 38 Warranty claims (38) Balance as of June 30, 2022 $ 30 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. Stockholders' Equity Treasury Stock Our Board of Directors had authorized a stock repurchase program under which we are able to purchase our common stock from time to time through October 25, 2024. 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. Repurchased shares are accounted for as treasury stock using the cost method. On May 10, 2022, our Board of Directors authorized a $500 million increase to our existing stock repurchase program, raising the aggregate program authorization to $2,500 million as of June 30, 2022. During the three and six months ended June 30, 2022, we repurchased 8.1 million and 10.8 million shares of common stock, respectively, for an aggregate price of $404 million and $548 million, respectively. During the three and six months ended June 30, 2021, we repurchased 6.2 million and 7.7 million shares of common stock, respectively, for an aggregate price of $304 million and $361 million, respectively. As of June 30, 2022, there was $606 million of remaining capacity under our repurchase program. Noncontrolling Interest

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Reconition (Notes)	6 Months Ended
	Jun. 30, 2022
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 for the sale of products at the point in time when the performance obligation has been satisfied and control has transferred to the customer, which generally occurs upon shipment or delivery to a customer based on terms of the sale. 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, disaggregated by reportable segment (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Wholesale - North America $ 1,050 $ 1,024 $ 2,156 $ 1,993 Europe 1,470 1,570 2,951 3,025 Specialty 512 531 972 989 Self Service 60 53 117 103 Parts and services 3,092 3,178 6,196 6,110 Wholesale - North America 94 94 189 176 Europe 7 7 14 15 Self Service 148 156 290 305 Other 249 257 493 496 Total revenue $ 3,341 $ 3,435 $ 6,689 $ 6,606 Parts and Services 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. For Wholesale - North America and Self Service, vehicle replacement products include sheet metal collision parts such as doors, hoods, and fenders; bumper covers; head and tail lamps; mirrors; grilles; wheels; and large mechanical items such as engines and transmissions. For Europe, vehicle replacement 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. For our Specialty operations, we serve seven product segments: truck and off-road; speed and performance; recreational vehicles; towing; wheels, tires and performance handling; marine; and miscellaneous accessories. Our service-type warranties typically have service periods ranging from 6 months to 36 months. 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 millions): Service-Type Warranties Balance as of January 1, 2022 $ 32 Additional warranty revenue deferred 28 Warranty revenue recognized (28) Balance as of June 30, 2022 $ 32 Other Revenue Revenue from other sources include 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 furnace operations. We derive scrap metal and other precious metals from several sources in both our Wholesale - North America and Self Service segments, including vehicles that have been used in our recycling operations and vehicles 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 - North America and Self Service segments is recognized based on a price per ton of delivered material when the customer (processor) collects the scrap. Revenue by Geographic Area See Note 13, "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. We utilize the “expected value method” or the “most likely amount” method in order to estimate variable consideration, depending on the type of variable consideration, with contemplation of any expected reversals in revenue. We recorded a refund liability and return asset for expected returns of $108 million and $58 million, respectively, as of June 30, 2022, and $107 million and $58 million, respectively, as of December 31, 2021. The refund liability is presented separately on the Unaudited Condensed Consolidated Balance Sheets within current liabilities while the return asset is presented within Prepaid expenses and other current assets. Other types of variable consideration consist primarily of discounts, volume rebates, and other customer sales incentives that are recorded in Receivables, net on the Unaudited Condensed Consolidated Balance Sheets. We recorded a reserve for our variable consideration of $110 million and $144 million as of June 30, 2022 and December 31, 2021, respectively.

Restructuring and Acquisition R

Restructuring and Acquisition Related Expenses (Notes)	6 Months Ended
	Jun. 30, 2022
Restructuring and Acquisition Related Expenses [Abstract]
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]	Restructuring and Transaction Related Expenses Global Restructuring Programs In 2019, we commenced a cost reduction initiative, covering all of our reportable segments, designed to eliminate underperforming assets and cost inefficiencies. This program was expanded in 2020 as we identified additional opportunities to eliminate inefficiencies, including actions in response to impacts to the business from COVID-19. 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, 2022, we did not incur a significant amount of restructuring expenses under these programs. During the three and six months ended June 30, 2021, we recognized net restructuring expenses totaling $4 million and $7 million, respectively, which included employee-related costs, facility exit costs, and a $3 million gain in the first quarter from the sale of a building to be closed. Of the cumulative program costs incurred to date, $59 million, $43 million, $2 million and $2 million related to our Europe, Wholesale - North America, Specialty and Self Service segments, respectively. The actions under the 2019 Global Restructuring Program are substantially complete and the 2020 Global Restructuring Program is expected to be completed in 2023. We estimate total costs under the programs through their expected completion dates will be between $108 million and $115 million, of which approximately $63 million, $44 million, $2 million and $2 million will be incurred by our Europe, Wholesale - North America, Specialty and Self Service segments, respectively; these segment amounts represent the approximate midpoints of the expected ranges of costs to be incurred by each segment. As of June 30, 2022 and December 31, 2021, restructuring liabilities incurred related to these programs totaled $11 million and $14 million, respectively, including $7 million and $9 million, respectively, related to leases we have exited or expect to exit prior to the end of the lease term (reported in Current portion of operating lease liabilities and Long-term operating lease liabilities, excluding current portion on our Unaudited Condensed Consolidated Balance Sheets). Our lease-related restructuring liabilities are estimated based on remaining rent payments after our actual exit date for facilities closed as of June 30, 2022 and after our planned exit date for facilities we expect to close in future periods; these liabilities do not reflect any estimated proceeds we may be able to achieve through subleasing the facilities. Acquisition Integration Plans We incurred $2 million of restructuring expenses for both the three and six months ended June 30, 2022. These expenses were primarily related to the integration of acquisitions completed in our Europe segment. We expect to incur future expenses of up to $5 million to complete an integration plan related to 2021 acquisitions completed in our Specialty segment. During the three and six months ended June 30, 2021, we did not incur a significant amount of restructuring expenses for our acquisition integration plans. 1 LKQ Europe Program In 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 are reorganizing 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 completed the organizational design and implementation projects in June 2021, with the remaining projects scheduled to be completed by the end of 2024. During the three and six months ended June 30, 2022, we did not incur a significant amount of expenses under our 1 LKQ Europe program. During the six months ended June 30, 2021, we incurred $5 million of employee-related restructuring charges. We did not incur a significant amount of expenses for the three months ended June 30, 2021. We estimate that we will incur between $40 million and $50 million in total personnel and inventory-related restructuring charges through 2024 under the program. We may 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. As of June 30, 2022, the restructuring liabilities related to this program were insignificant. Transaction Related Expenses During the three and six months ended June 30, 2022, we incurred $1 million and $4 million of transaction related expenses, respectively. These expenses included external costs such as legal, accounting and advisory fees related to completed and potential transactions.

Equity Incentive Plans

Equity Incentive Plans	6 Months Ended
	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Equity Incentive Plans	Stock-Based Compensation RSUs The following table summarizes activity related to our restricted stock units ("RSUs") under the Equity Incentive Plan for the six months ended June 30, 2022 (in millions, except years and per share amounts): Number Outstanding Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (1) Unvested as of January 1, 2022 1.4 $ 34.85 Granted (2) 0.6 $ 49.00 Vested (0.4) $ 36.34 Unvested as of June 30, 2022 1.6 $ 40.14 Expected to vest after June 30, 2022 1.3 $ 40.28 2.9 $ 66 (1) The aggregate intrinsic value of expected to vest RSUs represents the total pretax intrinsic value (the fair value of LKQ's stock on the last day of the period multiplied by the number of units) that would have been received by the holders had all the expected to vest RSUs vested. This amount changes based on the market price of LKQ’s common stock. (2) The weighted average grant date fair value of RSUs granted during the six months ended June 30, 2021 was $39.02. The fair value of RSUs that vested during the six months ended June 30, 2022 was $21 million; the fair value of RSUs vested is based on the market price of LKQ stock on the date vested. PSUs The following table summarizes activity related to our performance-based RSUs ("PSUs") under the Equity Incentive Plan for the six months ended June 30, 2022 (in millions, except years and per share amounts): Number Outstanding Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (1) Unvested as of January 1, 2022 0.5 $ 31.96 Granted (2) 0.1 $ 48.92 Vested (0.2) $ 27.74 Unvested as of June 30, 2022 0.4 $ 38.64 Expected to vest after June 30, 2022 0.4 $ 38.64 1.5 $ 19 (1) The aggregate intrinsic value of expected to vest PSUs represents the total pretax intrinsic value (the fair value of LKQ'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 the expected to vest PSUs vested. This amount changes based on the market price of LKQ’s common stock and the achievement of the performance metrics relative to the established targets. (2) Represents the number of PSUs at target payout. The weighted average grant date fair value of PSUs granted during the six months ended June 30, 2021 was $38.50. The fair value of PSUs that vested during the six months ended June 30, 2022 was $8 million; the fair value of PSUs vested is based on the market price of LKQ stock on the date vested. Stock-Based Compensation Expense Pre-tax stock-based compensation expense for RSUs and PSUs totaled $10 million and $23 million for the three and six months ended June 30, 2022, respectively, and $9 million and $17 million for the three and six months ended June 30, 2021, respectively. As of June 30, 2022, unrecognized compensation expense related to unvested RSUs and PSUs was $58 million. Stock-based compensation expense related to these awards will be different to the extent that forfeitures are realized and performance under the PSUs dif fers from current achievement estimates.

Earnings Per Share Earnings Per

Earnings Per Share Earnings Per Share (Notes)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Earnings Per Share The following chart sets forth the computation of earnings per share (in millions, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Income from continuing operations $ 420 $ 306 $ 689 $ 572 Denominator for basic earnings per share—Weighted-average shares outstanding 281.4 300.6 283.5 301.8 Effect of dilutive securities: RSUs 0.5 0.7 0.7 0.7 PSUs 0.4 0.2 0.3 0.1 Denominator for diluted earnings per share—Adjusted weighted-average shares outstanding 282.3 301.5 284.5 302.6 Basic earnings per share from continuing operations $ 1.49 $ 1.01 $ 2.43 $ 1.89 Diluted earnings per share from continuing operations (1) $ 1.49 $ 1.01 $ 2.42 $ 1.89 (1) Diluted earnings per share from continuing operations was computed using the treasury stock method for dilutive securities. The number of antidilutive securities was de minimis for all periods presented.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2022
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 millions): Three Months Ended June 30, 2022 Foreign Currency Translation Unrealized Gain (Loss) on Pension Plans Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries Accumulated Other Comprehensive Income (Loss) Balance as of April 1, 2022 $ (175) $ (24) $ (7) $ (206) Pretax loss (154) — — (154) Disposal of business 4 — — 4 Other comprehensive income from unconsolidated subsidiaries — — 1 1 Balance as of June 30, 2022 $ (325) $ (24) $ (6) $ (355) Three Months Ended June 30, 2021 Foreign Currency Translation Unrealized Gain (Loss) on Pension Plans Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries Accumulated Other Comprehensive Income (Loss) Balance as of April 1, 2021 $ (82) $ (33) $ (11) $ (126) Pretax income 22 — — 22 Reclassification of unrealized loss — 1 — 1 Other comprehensive income from unconsolidated subsidiaries — — 2 2 Balance as of June 30, 2021 $ (60) $ (32) $ (9) $ (101) Six Months Ended June 30, 2022 Foreign Currency Translation Unrealized Gain (Loss) on Pension Plans Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries Accumulated Other Comprehensive Income (Loss) Balance as of January 1, 2022 $ (121) $ (24) $ (8) $ (153) Pretax loss (208) — — (208) Disposal of business 4 — — 4 Other comprehensive income from unconsolidated subsidiaries — — 2 2 Balance as of June 30, 2022 $ (325) $ (24) $ (6) $ (355) Six Months Ended June 30, 2021 Foreign Unrealized Gain (Loss) Unrealized Gain (Loss) Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries Accumulated Balance as of January 1, 2021 $ (57) $ (1) $ (33) $ (8) $ (99) Pretax (loss) income (3) 3 — — — Income tax effect — (1) — — (1) Reclassification of unrealized (gain) loss — (2) 1 — (1) Reclassification of deferred income taxes — 1 — — 1 Other comprehensive loss from unconsolidated subsidiaries — — — (1) (1) Balance as of June 30, 2021 $ (60) $ — $ (32) $ (9) $ (101) During each of the three and six months ended June 30, 2021, net unrealized losses on interest rate swaps totaling $1 million were recorded to Interest expense, net of interest income in the Unaudited Condensed Consolidated Statements of Income. During the six months ended June 30, 2021, net unrealized gains on cross currency swaps totaling $2 million were recorded to Other income, net in the Unaudited Condensed Consolidated Statements of Income; these amounts offset the impact of the remeasurement of the underlying transactions. Net unrealized losses and gains related to our pension plans were recorded to Other income, net in the Unaudited Condensed Consolidated Statements of Income during each of the three and six-month periods ended June 30, 2022 and 2021.
Accumulated Other Comprehensive Income (Loss)	The components of Accumulated Other Comprehensive Income (Loss) are as follows (in millions): Three Months Ended June 30, 2022 Foreign Currency Translation Unrealized Gain (Loss) on Pension Plans Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries Accumulated Other Comprehensive Income (Loss) Balance as of April 1, 2022 $ (175) $ (24) $ (7) $ (206) Pretax loss (154) — — (154) Disposal of business 4 — — 4 Other comprehensive income from unconsolidated subsidiaries — — 1 1 Balance as of June 30, 2022 $ (325) $ (24) $ (6) $ (355) Three Months Ended June 30, 2021 Foreign Currency Translation Unrealized Gain (Loss) on Pension Plans Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries Accumulated Other Comprehensive Income (Loss) Balance as of April 1, 2021 $ (82) $ (33) $ (11) $ (126) Pretax income 22 — — 22 Reclassification of unrealized loss — 1 — 1 Other comprehensive income from unconsolidated subsidiaries — — 2 2 Balance as of June 30, 2021 $ (60) $ (32) $ (9) $ (101) Six Months Ended June 30, 2022 Foreign Currency Translation Unrealized Gain (Loss) on Pension Plans Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries Accumulated Other Comprehensive Income (Loss) Balance as of January 1, 2022 $ (121) $ (24) $ (8) $ (153) Pretax loss (208) — — (208) Disposal of business 4 — — 4 Other comprehensive income from unconsolidated subsidiaries — — 2 2 Balance as of June 30, 2022 $ (325) $ (24) $ (6) $ (355)

Long-Term Obligations

Long-Term Obligations	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-Term Obligations	Long-Term Obligations Long-term obligations consist of the following (in millions): June 30, 2022 December 31, 2021 Maturity Date Interest Rate Amount Interest Rate Amount Senior Secured Credit Agreement: Revolving credit facilities January 2024 1.72 % (1) $ 1,494 1.10 % (1) $ 1,887 Senior Notes: Euro Notes (2024) April 2024 3.88 % 524 3.88 % 569 Euro Notes (2028) April 2028 4.13 % 262 4.13 % 284 Notes payable Various through October 2030 3.25 % (1) 16 2.80 % (1) 23 Finance lease obligations 3.54 % (1) 47 3.50 % (1) 52 Other debt 0.89 % (1) 26 1.10 % (1) 9 Total debt 2,369 2,824 Less: long-term debt issuance costs (9) (12) Total debt, net of debt issuance costs 2,360 2,812 Less: current maturities, net of debt issuance costs (47) (35) Long term debt, net of debt issuance costs $ 2,313 $ 2,777 (1) Interest rate derived via a weighted average Senior Secured Credit Agreement On November 23, 2021, LKQ Corporation and certain other subsidiaries of LKQ (collectively, the "Borrowers") entered into Amendment No. 6 to the Fourth Amended and Restated Credit Agreement dated January 29, 2016 (the "Credit Agreement"), which modified certain interest rates to provide that (1) Loans denominated in euros shall bear interest at a rate per annum equal to the Euro Interbank Offered Rate as administered by the European Money Markets Institute (or a comparable or successor administrator approved by the Administrative Agent) plus the Applicable Rate, (2) Swingline Loans denominated in pounds sterling shall bear interest at a rate per annum equal to the Sterling Overnight Index Average as administered by the Bank of England (or any successor administrator of the Sterling Overnight Index Average) (“SONIA”) plus the Applicable Rate, (3) Revolving Loans denominated in pounds sterling shall bear interest at a rate per annum equal to SONIA plus an adjustment equal to 0.0326% per annum plus the Applicable Rate, and (4) Loans denominated in Swiss francs shall bear interest at a rate per annum equal to the Swiss Average Rate Overnight as administered by SIX Swiss Exchange AG (or any successor administrator of the Swiss Average Rate Overnight) plus the Applicable Rate. All other interest rates remain the same. We also had the option to prepay outstanding amounts under the Credit Agreement without penalty. We were required to prepay the term loan by amounts equal to proceeds from the sale or disposition of certain assets if the proceeds were not reinvested within twelve months. During the second quarter of 2021, we exercised our option to prepay the outstanding amount on the term loan, and thus did not have any term loan borrowings as of June 30, 2022. 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. On April 18, 2022, S&P Global Ratings assigned LKQ an issuer credit rating of 'BBB-' with a stable outlook. This rating upgrade triggered the banks in our credit facility to release all collateral required under the Credit Agreement and suspend all collateral requirements. 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 the 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. 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. The total capacity under the revolving credit facility's multicurrency component is $3,150 million. Of the total borrowings outstanding under the Credit Agreement, there we re no current maturities as of June 30, 2022 or December 31, 2021. As of June 30, 2022, there were letters of credit outstanding in the aggregate amount of $69 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, 2022 was $1,587 million . 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. 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. On May 31, 2022, Moody's Investors Services upgraded the rating on LKQ Italia's senior unsecured notes to Baa3 with a stable outlook. This rating upgrade, combined with the upgrade to BBB- by S&P Global Ratings in April 2022, triggered a Covenant Suspension Event, and LKQ and its subsidiaries will no longer be required to comply with certain restrictive covenants. Euro Notes (2026/2028) On April 9, 2018, LKQ European Holdings B.V. ("LKQ Euro Holdings"), a wholly-owned subsidiary of LKQ Corporation, completed an offering of €1,000 million aggregate principal amount of senior notes. The offering consisted of €750 million senior notes due 2026 (the "Euro Notes (2026)") and €250 million senior notes due 2028 (the "Euro Notes (2028)" and, together with the Euro Notes (2026), 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 (i) to 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. On April 1, 2021, we redeemed the 3.625% Euro Notes (2026) at a redemption price equal to 101.813% of the principal amount of the Euro Notes (2026) plus accrued and unpaid interest thereon to, but not including, April 1, 2021. The total redemption payment was $915 million (€777 million), including an early redemption premium of $16 million (€14 million) and accrued and unpaid interest of $16 million (€14 million). In the second quarter of 2021, we recorded a loss on debt extinguishment of $24 million related to the redemption due to the early-redemption premium and the write-off of the unamortized debt issuance costs. Interest on the Euro Notes (2028) is payable in arrears on April 1 and October 1 of each year. The Euro Notes (2028) are fully and unconditionally guaranteed by LKQ Corporation and the Euro Notes (2028) Subsidiaries (the "Euro Notes (2028) Guarantors"). The Euro Notes (2028) and the related guarantees are, respectively, LKQ Euro Holdings' and each Euro Notes (2028) Guarantor's senior unsecured obligations and will be subordinated to all of LKQ Euro Holdings' and the Euro Notes (2028) Guarantors' existing and future secured debt to the extent of the assets securing that secured debt. In addition, the Euro Notes (2028) are effectively subordinated to all of the liabilities of our subsidiaries that are not guaranteeing the Euro Notes (2028) to the extent of the assets of those subsidiaries. The Euro Notes (2028) have been listed on the Global Exchange Market of Euronext Dublin. The Euro Notes (2028) 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, 2023, we may redeem some or all of the Euro Notes (2028) at the applicable redemption prices set forth in the Euro Notes (2026/28) Indenture. We may be required to make an offer to purchase the Euro Notes (2028) 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 (2028) 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. On May 31, 2022, Moody's Investors Services upgraded the rating on LKQ Euro Holdings' senior unsecured notes to Baa3 with a stable outlook. This rating upgrade, combined with the upgrade to BBB- by S&P Global Ratings in April 2022, triggered a Covenant Suspension Event, and LKQ and its subsidiaries will no longer be required to comply with certain restrictive covenants.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities (Notes)	6 Months Ended
	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Derivative Instruments and Hedging Activities Cash Flow Hedges Through June 30, 2021, we held interest rate swap agreements to hedge a portion of the variable interest rate risk on our variable rate borrowings under our Credit Agreement and cross currency swaps, which contained an interest rate swap component and a foreign currency forward contract component that, combined with related intercompany financing arrangements, effectively converted variable rate U.S. dollar-denominated borrowings into fixed rate euro-denominated borrowings. The interest rate swap agreements and cross currency swaps were settled as of June 2021 and no cash flow hedges remained outstanding as of June 30, 2022 and December 31, 2021, respectively. The activity related to our previously matured cash flow hedges is included in Note 7, "Accumulated Other Comprehensive Income (Loss)" and presented in either operating activities or financing activities in our Unaudited Condensed Consolidated Statements of Cash Flows. Other Derivative Instruments Not Designated as Hedges We hold other short-term derivative instruments, including foreign currency forward contracts, to manage our exposure to variability in the cash flows related to inventory purchases denominated in a non-functional currency. We have elected not to apply hedge accounting for these transactions. The notional amount and fair value of these contracts at June 30, 2022 and December 31, 2021, along with the effect on our results of operations during the three and six months ended June 30, 2022 and 2021, were not material.

Fair Value Measurements (Notes)

Fair Value Measurements (Notes)	6 Months Ended
	Jun. 30, 2022
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, 2022, 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 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, 2022 and December 31, 2021 (in millions): Balance as of June 30, 2022 Fair Value Measurements as of June 30, 2022 Level 1 Level 2 Level 3 Liabilities: Contingent consideration liabilities $ 13 $ — $ — $ 13 Deferred compensation liabilities 71 — 71 — Total Liabilities $ 84 $ — $ 71 $ 13 Balance as of December 31, 2021 Fair Value Measurements as of December 31, 2021 Level 1 Level 2 Level 3 Liabilities: Contingent consideration liabilities $ 18 $ — $ — $ 18 Deferred compensation liabilities 89 — 89 — Total Liabilities $ 107 $ — $ 89 $ 18 The current portion of contingent consideration liabilities is included in Other current liabilities on the Unaudited Condensed Consolidated Balance Sheets; deferred compensation liabilities and the noncurrent portion of contingent consideration liabilities are included in Other noncurrent liabilities on the Unaudited Condensed Consolidated Balance Sheets based on the expected timing of the related payments. Our Level 2 liabilities are valued using inputs from third parties and market observable data. We obtain valuation data for the deferred compensation liabilities from third party sources, which use quoted market prices, investment allocations and reportable trades. 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. We also have equity investments recorded in Other noncurrent assets that are reported at fair value. We have used net asset value as a practical expedient to value these equity investments and thus they are excluded from the fair value hierarchy disclosure. 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, 2022 and December 31, 2021, the fair value of the credit agreement borrowings reasonably approximated the carrying values of $1,494 million and $1,887 million, respectively. As of June 30, 2022 and December 31, 2021, the fair values of the Euro Notes (2024) were approximately $527 million and $605 million, respectively, compared to carrying values of $524 million and $569 million, respectively. As of June 30, 2022 and December 31, 2021, the fair values of the Euro Notes (2028) were $251 million and $301 million, respectively, compared to carrying values of $262 million and $284 million, respectively.

Employee Benefit Plans (Notes)

Employee Benefit Plans (Notes)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 and December 31, 2021, the aggregate funded status of the defined benefit plans was a liability of $119 million and $131 million , respectively, and is reported in Other noncurrent liabilities and Accrued payroll-related liabilities on our Unaudited Condensed Consolidated Balance Sheets. Net periodic benefit cost for our defined benefit plans totaled $2 million and $3 million for the three and six months ended June 30, 2022, respectively, and $1 million and $3 million for the three and six months ended June 30, 2021, respectively, and primarily related to service cost which is recorded in Selling, general and administrative expenses on the Unaudited Condensed Consolidated Statements of Income.

Income Taxes (Notes)

Income Taxes (Notes)	3 Months Ended
	Jun. 30, 2022
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, 2022 was 24.1%, compared to 26.3% for the six months ended June 30, 2021. The decrease in the effective tax rate for the six months ended June 30, 2022 compared to the six months ended June 30, 2021 was attributable to net favorable discrete items of 1.2%, primarily related to the sale of PGW, and the geographic distribution of income. Net discrete items for the six months ended June 30, 2021 increased the effective tax rate by 0.1%, primarily due to a deferred tax adjustment required as a result of a United Kingdom staged tax rate increase that will become effective April 1, 2023.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment and Geographic Information	Segment and Geographic Information We have four operating segments: Wholesale - North America, Europe, Specialty and Self Service, each of which is presented as a reportable segment. Beginning in 2022, the Wholesale - North America and Self Service operating segment results were separated from the previous reportable segment, North America, and each of Wholesale - North America and Self Service is now a separate reportable segment. Segment results have been adjusted retrospectively to reflect this change. The segments are organized based on a combination of geographic areas served and type of product lines offered. The segments are managed separately as the businesses serve different customers and are affected by different economic conditions. Wholesale - North America and Self Service have similar economic characteristics and have common products and services, customers and methods of distribution. We are reporting these operating segments separately to provide greater transparency to investors. The following tables present our financial performance by reportable segment for the periods indicated (in millions): Wholesale - North America Europe Specialty Self Service Eliminations Consolidated Three Months Ended June 30, 2022 Revenue: Third Party $ 1,144 $ 1,477 $ 512 $ 208 $ — $ 3,341 Intersegment — — 1 — (1) — Total segment revenue $ 1,144 $ 1,477 $ 513 $ 208 $ (1) $ 3,341 Segment EBITDA $ 214 $ 160 $ 69 $ 32 $ — $ 475 Depreciation and amortization (1) 18 39 7 4 — 68 Three Months Ended June 30, 2021 Revenue: Third Party $ 1,118 $ 1,577 $ 531 $ 209 $ — $ 3,435 Intersegment 1 — 1 — (2) — Total segment revenue $ 1,119 $ 1,577 $ 532 $ 209 $ (2) $ 3,435 Segment EBITDA $ 219 $ 168 $ 80 $ 56 $ — $ 523 Depreciation and amortization (1) 19 40 7 4 — 70 Wholesale - North America Europe Specialty Self Service Eliminations Consolidated Six Months Ended June 30, 2022 Revenue: Third Party $ 2,345 $ 2,965 $ 972 $ 407 $ — $ 6,689 Intersegment — — 2 — (2) — Total segment revenue $ 2,345 $ 2,965 $ 974 $ 407 $ (2) $ 6,689 Segment EBITDA $ 432 $ 291 $ 127 $ 72 $ — $ 922 Depreciation and amortization (1) 37 73 15 8 — 133 Six Months Ended June 30, 2021 Revenue: Third Party $ 2,169 $ 3,040 $ 989 $ 408 $ — $ 6,606 Intersegment 1 — 2 — (3) — Total segment revenue $ 2,170 $ 3,040 $ 991 $ 408 $ (3) $ 6,606 Segment EBITDA $ 413 $ 309 $ 141 $ 112 $ — $ 975 Depreciation and amortization (1) 40 80 14 8 — 142 (1) Amounts presented include depreciation and amortization expense recorded within Cost of goods sold and Restructuring and transaction related expenses. The key measure of segment profit or loss reviewed by our chief operating decision maker, our Chief Executive Officer, is Segment EBITDA. We use Segment EBITDA to compare profitability among the segments and evaluate business strategies. 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 transaction 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; equity investment fair value adjustments; impairment charges; and direct impacts of the Ukraine/Russia conflict and related sanctions (including provisions for and subsequent adjustments to reserves for asset recoverability and expenditures to support our employees and their families). EBITDA, which is the basis for Segment EBITDA, is calculated as net income excluding discontinued operations, 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 millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net income $ 420 $ 306 $ 693 $ 572 Less: net income attributable to continuing noncontrolling interest — 1 — 1 Net income attributable to LKQ stockholders 420 305 693 571 Subtract: Net income from discontinued operations — — 4 — Net income from continuing operations attributable to LKQ stockholders 420 305 689 571 Add: Depreciation and amortization 61 65 120 131 Depreciation and amortization - cost of goods sold 7 5 13 11 Interest expense, net of interest income 14 16 29 40 Loss on debt extinguishment — 24 — 24 Provision for income taxes 127 108 216 201 EBITDA 629 523 1,067 978 Subtract: Equity in earnings of unconsolidated subsidiaries (1) 4 3 6 9 Equity investment fair value adjustments (2) 1 (3) 6 Add: Restructuring and transaction related expenses 4 5 7 13 Gain on disposal of businesses (2) (155) (1) (155) (1) Change in fair value of contingent consideration liabilities — 1 — 1 Losses on previously held equity interests — — 1 — Direct impacts of Ukraine/Russia conflict (3) (1) — 5 — Segment EBITDA $ 475 $ 523 $ 922 $ 975 Note: In the table above, the sum of the individual amounts may not equal the total due to rounding. (1) Refer to "Investments in Unconsolidated Subsidiaries" in Note 2, "Financial Statement Information," for further information. (2) Refer to "Divestitures" in Note 2, "Financial Statement Information," for further information. (3) Adjustments include provisions for and subsequent adjustments to reserves for asset recoverability (receivables and inventory) and expenditures to support our employees and their families in Ukraine. The following table presents capital expenditures by reportable segment (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Capital Expenditures Wholesale - North America $ 16 $ 12 $ 45 $ 23 Europe 19 22 42 48 Specialty 4 8 8 10 Self Service 1 4 4 7 Total capital expenditures $ 40 $ 46 $ 99 $ 88 The following table presents assets by reportable segment (in millions): June 30, 2022 December 31, 2021 Receivables, net Wholesale - North America $ 375 $ 367 Europe 617 586 Specialty 152 102 Self Service 17 18 Total receivables, net 1,161 1,073 Inventories Wholesale - North America 780 776 Europe 1,352 1,327 Specialty 458 458 Self Service 60 50 Total inventories 2,650 2,611 Property, plant and equipment, net Wholesale - North America 500 526 Europe 525 577 Specialty 92 93 Self Service 100 103 Total property, plant and equipment, net 1,217 1,299 Operating lease assets, net Wholesale - North America 577 611 Europe 461 515 Specialty 89 83 Self Service 141 152 Total operating lease assets, net 1,268 1,361 Other unallocated assets 5,838 6,262 Total assets $ 12,134 $ 12,606 We report net receivables; inventories; net property, plant and equipment; and net operating lease assets 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 expenses and other current and noncurrent assets, goodwill, other intangibles and equity method investments. Our largest countries of operation are the U.S., followed by the U.K. and Germany. 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 millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Revenue United States $ 1,747 $ 1,750 $ 3,497 $ 3,355 United Kingdom 393 422 818 825 Germany 390 419 776 807 Other countries 811 844 1,598 1,619 Total revenue $ 3,341 $ 3,435 $ 6,689 $ 6,606 The following table sets forth our tangible long-lived assets by geographic area (in millions): June 30, 2022 December 31, 2021 Long-lived assets United States $ 1,417 $ 1,487 Germany 294 329 United Kingdom 262 305 Other countries 512 539 Total long-lived assets $ 2,485 $ 2,660

Financial Statement Informati_2

Financial Statement Information Receivables (Policies)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Receivable	Allowance for Credit LossesReceivables, net are reported net of an 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 credit losses was $56 million and $53 million as of June 30, 2022 and December 31, 2021, respectively. The provision for credit losses was $1 million for both the three months ended June 30, 2022 and 2021 and $9 million and $4 million for the six months ended June 30, 2022 and 2021, respectively.

Financial Statement Informati_3

Financial Statement Information Inventories (Policies)	6 Months Ended
	Jun. 30, 2022
Inventory [Abstract]
Inventory, Policy [Policy Text Block]	Inventories Inventories consist of the following (in millions): June 30, 2022 December 31, 2021 Aftermarket and refurbished products $ 2,172 $ 2,168 Salvage and remanufactured products 439 406 Manufactured products 39 37 Total inventories $ 2,650 $ 2,611 Aftermarket and refurbished products and salvage and remanufactured products are primarily composed of finished goods. As of June 30, 2022, manufactured products inventory was composed of $22 million of raw materials, $5 million of work in process, and $12 million of finished goods. As of December 31, 2021, manufactured products inventory was composed of $27 million of raw materials, $4 million of work in process, and $5 million of finished goods.

Financial Statement Informati_4

Financial Statement Information Divestitures (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Divestitures	DivestituresIn March 2022, we entered into a definitive agreement to sell PGW Auto Glass (“PGW”), our aftermarket glass business within our Wholesale - North America segment, to a third party. The sale was completed in April 2022 for $361 million resulting in recognition of a $155 million pretax gain ($127 million after tax).

Financial Statement Informati_5

Financial Statement Information Intangible Assets (Policies)	6 Months Ended
	Jun. 30, 2022
Intangible Assets [Abstract]
Goodwill and Intangible Assets Disclosure	Intangible AssetsGoodwill and indefinite-lived intangible assets are tested for impairment at least annually. We performed our annual impairment test during the fourth quarter of 2021, and determined no impairment existed as all of our reporting units had a fair value estimate which exceeded the carrying value by at least 70%. 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. Goodwill impairment testing may also be performed on an interim basis when events or circumstances arise that may lead to impairment. We did not identify any indicators of impairment in the first six months of 2022 that necessitated an interim test of goodwill impairment or indefinite-lived intangible assets impairment.

Financial Statement Informati_6

Financial Statement Information Investments in Unconsolidated Subsidiaries (Policies)	6 Months Ended
	Jun. 30, 2022
Investments in Unconsolidated Subsidiaries [Abstract]
Equity Method Investments [Policy Text Block]	Investments in Unconsolidated Subsidiaries We account for our Investments in unconsolidated subsidiaries using the equity method of accounting, as our investments give us the ability to exercise significant influence, but not control, over the investee. The carrying value of our Investments in unconsolidated subsidiaries were as follows (in millions): Ownership as of June 30, 2022 June 30, 2022 December 31, 2021 MEKO AB (1)(2) 26.6% $ 141 $ 145 Other (3) 13 36 Total $ 154 $ 181 (1) As of June 30, 2022, the fair value of our investment in MEKO AB ("Mekonomen") was $173 million based on the quoted market price for Mekonomen's common stock using the same foreign exchange rate as the carrying value. (2) As of June 30, 2022, our share of the book value of Mekonomen's net assets exceeded the book value of our investment by $8 million ; this difference is primarily related to Mekonomen's Accumulated Other Comprehensive Income balance as of our acquisition date in 2016. We record our equity in the net earnings of Mekonomen on a one quarter lag. (3) In June 2022, we sold an investment in our Self Service segment resulting in a decrease to the carrying value of $22 million, recognizing an insignificant gain upon sale.

Financial Statement Informati_7

Financial Statement Information Warranty Reserve (Policies)	6 Months Ended
	Jun. 30, 2022
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 the 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 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 millions): Warranty Reserve Balance as of December 31, 2021 $ 30 Warranty expense 38 Warranty claims (38) Balance as of June 30, 2022 $ 30

Financial Statement Informati_8

Financial Statement Information Litigation and Related Contingencies (Policies)	6 Months Ended
	Jun. 30, 2022
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_9

Financial Statement Information Treasury Stock (Policies)	6 Months Ended
	Jun. 30, 2022
Treasury Stock [Abstract]
Stockholders' Equity, Policy [Policy Text Block]	Stockholders' Equity Treasury Stock Our Board of Directors had authorized a stock repurchase program under which we are able to purchase our common stock from time to time through October 25, 2024. 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. Repurchased shares are accounted for as treasury stock using the cost method. On May 10, 2022, our Board of Directors authorized a $500 million increase to our existing stock repurchase program, raising the aggregate program authorization to $2,500 million as of June 30, 2022. During the three and six months ended June 30, 2022, we repurchased 8.1 million and 10.8 million shares of common stock, respectively, for an aggregate price of $404 million and $548 million, respectively. During the three and six months ended June 30, 2021, we repurchased 6.2 million and 7.7 million shares of common stock, respectively, for an aggregate price of $304 million and $361 million, respectively. As of June 30, 2022, there was $606 million of remaining capacity under our repurchase program. Noncontrolling Interest

Financial Statement Informat_10

Financial Statement Information (Tables)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consist of the following (in millions): June 30, 2022 December 31, 2021 Aftermarket and refurbished products $ 2,172 $ 2,168 Salvage and remanufactured products 439 406 Manufactured products 39 37 Total inventories $ 2,650 $ 2,611
Schedule of Product Warranty Liability [Table Text Block]	The changes in the warranty reserve are as follows (in millions): Warranty Reserve Balance as of December 31, 2021 $ 30 Warranty expense 38 Warranty claims (38) Balance as of June 30, 2022 $ 30
Schedule of Investments in unconsolidated subsidiaries	The carrying value of our Investments in unconsolidated subsidiaries were as follows (in millions): Ownership as of June 30, 2022 June 30, 2022 December 31, 2021 MEKO AB (1)(2) 26.6% $ 141 $ 145 Other (3) 13 36 Total $ 154 $ 181 (1) As of June 30, 2022, the fair value of our investment in MEKO AB ("Mekonomen") was $173 million based on the quoted market price for Mekonomen's common stock using the same foreign exchange rate as the carrying value. (2) As of June 30, 2022, our share of the book value of Mekonomen's net assets exceeded the book value of our investment by $8 million ; this difference is primarily related to Mekonomen's Accumulated Other Comprehensive Income balance as of our acquisition date in 2016. We record our equity in the net earnings of Mekonomen on a one quarter lag. (3) In June 2022, we sold an investment in our Self Service segment resulting in a decrease to the carrying value of $22 million, recognizing an insignificant gain upon sale.

Revenue Recognition Disaggregat

Revenue Recognition Disaggregation of Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Schedule of Product Warranty Liability [Table Text Block]	The changes in deferred service-type warranty revenue are as follows (in millions): Service-Type Warranties Balance as of January 1, 2022 $ 32 Additional warranty revenue deferred 28 Warranty revenue recognized (28) Balance as of June 30, 2022 $ 32
Disaggregation of Revenue [Table Text Block]	The following table sets forth our revenue by category, disaggregated by reportable segment (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Wholesale - North America $ 1,050 $ 1,024 $ 2,156 $ 1,993 Europe 1,470 1,570 2,951 3,025 Specialty 512 531 972 989 Self Service 60 53 117 103 Parts and services 3,092 3,178 6,196 6,110 Wholesale - North America 94 94 189 176 Europe 7 7 14 15 Self Service 148 156 290 305 Other 249 257 493 496 Total revenue $ 3,341 $ 3,435 $ 6,689 $ 6,606

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	6 Months Ended
	Jun. 30, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Nonvested Restricted Stock Units Activity	The following table summarizes activity related to our restricted stock units ("RSUs") under the Equity Incentive Plan for the six months ended June 30, 2022 (in millions, except years and per share amounts): Number Outstanding Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (1) Unvested as of January 1, 2022 1.4 $ 34.85 Granted (2) 0.6 $ 49.00 Vested (0.4) $ 36.34 Unvested as of June 30, 2022 1.6 $ 40.14 Expected to vest after June 30, 2022 1.3 $ 40.28 2.9 $ 66
Schedule of Nonvested Performance-based Units Activity	The following table summarizes activity related to our performance-based RSUs ("PSUs") under the Equity Incentive Plan for the six months ended June 30, 2022 (in millions, except years and per share amounts): Number Outstanding Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (1) Unvested as of January 1, 2022 0.5 $ 31.96 Granted (2) 0.1 $ 48.92 Vested (0.2) $ 27.74 Unvested as of June 30, 2022 0.4 $ 38.64 Expected to vest after June 30, 2022 0.4 $ 38.64 1.5 $ 19

Earnings Per Share Schedule of

Earnings Per Share Schedule of Earnings Per Share, Basic and Diluted (Tables)	6 Months Ended
	Jun. 30, 2022
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 millions, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Income from continuing operations $ 420 $ 306 $ 689 $ 572 Denominator for basic earnings per share—Weighted-average shares outstanding 281.4 300.6 283.5 301.8 Effect of dilutive securities: RSUs 0.5 0.7 0.7 0.7 PSUs 0.4 0.2 0.3 0.1 Denominator for diluted earnings per share—Adjusted weighted-average shares outstanding 282.3 301.5 284.5 302.6 Basic earnings per share from continuing operations $ 1.49 $ 1.01 $ 2.43 $ 1.89 Diluted earnings per share from continuing operations (1) $ 1.49 $ 1.01 $ 2.42 $ 1.89

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2022
Cash Flow Hedges Reclassified to Interest Expense [Line Items]
Accumulated Other Comprehensive Income (Loss)	The components of Accumulated Other Comprehensive Income (Loss) are as follows (in millions): Three Months Ended June 30, 2022 Foreign Currency Translation Unrealized Gain (Loss) on Pension Plans Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries Accumulated Other Comprehensive Income (Loss) Balance as of April 1, 2022 $ (175) $ (24) $ (7) $ (206) Pretax loss (154) — — (154) Disposal of business 4 — — 4 Other comprehensive income from unconsolidated subsidiaries — — 1 1 Balance as of June 30, 2022 $ (325) $ (24) $ (6) $ (355) Three Months Ended June 30, 2021 Foreign Currency Translation Unrealized Gain (Loss) on Pension Plans Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries Accumulated Other Comprehensive Income (Loss) Balance as of April 1, 2021 $ (82) $ (33) $ (11) $ (126) Pretax income 22 — — 22 Reclassification of unrealized loss — 1 — 1 Other comprehensive income from unconsolidated subsidiaries — — 2 2 Balance as of June 30, 2021 $ (60) $ (32) $ (9) $ (101) Six Months Ended June 30, 2022 Foreign Currency Translation Unrealized Gain (Loss) on Pension Plans Other Comprehensive Income (Loss) from Unconsolidated Subsidiaries Accumulated Other Comprehensive Income (Loss) Balance as of January 1, 2022 $ (121) $ (24) $ (8) $ (153) Pretax loss (208) — — (208) Disposal of business 4 — — 4 Other comprehensive income from unconsolidated subsidiaries — — 2 2 Balance as of June 30, 2022 $ (325) $ (24) $ (6) $ (355)

Long-Term Obligations (Tables)

Long-Term Obligations (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule Of Long-Term Obligations	Long-term obligations consist of the following (in millions): June 30, 2022 December 31, 2021 Maturity Date Interest Rate Amount Interest Rate Amount Senior Secured Credit Agreement: Revolving credit facilities January 2024 1.72 % (1) $ 1,494 1.10 % (1) $ 1,887 Senior Notes: Euro Notes (2024) April 2024 3.88 % 524 3.88 % 569 Euro Notes (2028) April 2028 4.13 % 262 4.13 % 284 Notes payable Various through October 2030 3.25 % (1) 16 2.80 % (1) 23 Finance lease obligations 3.54 % (1) 47 3.50 % (1) 52 Other debt 0.89 % (1) 26 1.10 % (1) 9 Total debt 2,369 2,824 Less: long-term debt issuance costs (9) (12) Total debt, net of debt issuance costs 2,360 2,812 Less: current maturities, net of debt issuance costs (47) (35) Long term debt, net of debt issuance costs $ 2,313 $ 2,777 (1) Interest rate derived via a weighted average

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
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 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, 2022 and December 31, 2021 (in millions): Balance as of June 30, 2022 Fair Value Measurements as of June 30, 2022 Level 1 Level 2 Level 3 Liabilities: Contingent consideration liabilities $ 13 $ — $ — $ 13 Deferred compensation liabilities 71 — 71 — Total Liabilities $ 84 $ — $ 71 $ 13 Balance as of December 31, 2021 Fair Value Measurements as of December 31, 2021 Level 1 Level 2 Level 3 Liabilities: Contingent consideration liabilities $ 18 $ — $ — $ 18 Deferred compensation liabilities 89 — 89 — Total Liabilities $ 107 $ — $ 89 $ 18

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2022
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 millions): Wholesale - North America Europe Specialty Self Service Eliminations Consolidated Three Months Ended June 30, 2022 Revenue: Third Party $ 1,144 $ 1,477 $ 512 $ 208 $ — $ 3,341 Intersegment — — 1 — (1) — Total segment revenue $ 1,144 $ 1,477 $ 513 $ 208 $ (1) $ 3,341 Segment EBITDA $ 214 $ 160 $ 69 $ 32 $ — $ 475 Depreciation and amortization (1) 18 39 7 4 — 68 Three Months Ended June 30, 2021 Revenue: Third Party $ 1,118 $ 1,577 $ 531 $ 209 $ — $ 3,435 Intersegment 1 — 1 — (2) — Total segment revenue $ 1,119 $ 1,577 $ 532 $ 209 $ (2) $ 3,435 Segment EBITDA $ 219 $ 168 $ 80 $ 56 $ — $ 523 Depreciation and amortization (1) 19 40 7 4 — 70 Wholesale - North America Europe Specialty Self Service Eliminations Consolidated Six Months Ended June 30, 2022 Revenue: Third Party $ 2,345 $ 2,965 $ 972 $ 407 $ — $ 6,689 Intersegment — — 2 — (2) — Total segment revenue $ 2,345 $ 2,965 $ 974 $ 407 $ (2) $ 6,689 Segment EBITDA $ 432 $ 291 $ 127 $ 72 $ — $ 922 Depreciation and amortization (1) 37 73 15 8 — 133 Six Months Ended June 30, 2021 Revenue: Third Party $ 2,169 $ 3,040 $ 989 $ 408 $ — $ 6,606 Intersegment 1 — 2 — (3) — Total segment revenue $ 2,170 $ 3,040 $ 991 $ 408 $ (3) $ 6,606 Segment EBITDA $ 413 $ 309 $ 141 $ 112 $ — $ 975 Depreciation and amortization (1) 40 80 14 8 — 142 (1) Amounts presented include depreciation and amortization expense recorded within Cost of goods sold and Restructuring and transaction related expenses.
Reconciliation Of Segment EBITDA To Net Income Table	The table below provides a reconciliation of Net Income to EBITDA and Segment EBITDA (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net income $ 420 $ 306 $ 693 $ 572 Less: net income attributable to continuing noncontrolling interest — 1 — 1 Net income attributable to LKQ stockholders 420 305 693 571 Subtract: Net income from discontinued operations — — 4 — Net income from continuing operations attributable to LKQ stockholders 420 305 689 571 Add: Depreciation and amortization 61 65 120 131 Depreciation and amortization - cost of goods sold 7 5 13 11 Interest expense, net of interest income 14 16 29 40 Loss on debt extinguishment — 24 — 24 Provision for income taxes 127 108 216 201 EBITDA 629 523 1,067 978 Subtract: Equity in earnings of unconsolidated subsidiaries (1) 4 3 6 9 Equity investment fair value adjustments (2) 1 (3) 6 Add: Restructuring and transaction related expenses 4 5 7 13 Gain on disposal of businesses (2) (155) (1) (155) (1) Change in fair value of contingent consideration liabilities — 1 — 1 Losses on previously held equity interests — — 1 — Direct impacts of Ukraine/Russia conflict (3) (1) — 5 — Segment EBITDA $ 475 $ 523 $ 922 $ 975 Note: In the table above, the sum of the individual amounts may not equal the total due to rounding. (1) Refer to "Investments in Unconsolidated Subsidiaries" in Note 2, "Financial Statement Information," for further information. (2) Refer to "Divestitures" in Note 2, "Financial Statement Information," for further information. (3) Adjustments include provisions for and subsequent adjustments to reserves for asset recoverability (receivables and inventory) and expenditures to support our employees and their families in Ukraine.
Schedule Of Capital Expenditures By Reportable Segment	The following table presents capital expenditures by reportable segment (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Capital Expenditures Wholesale - North America $ 16 $ 12 $ 45 $ 23 Europe 19 22 42 48 Specialty 4 8 8 10 Self Service 1 4 4 7 Total capital expenditures $ 40 $ 46 $ 99 $ 88
Schedule Of Assets By Reportable Segment	The following table presents assets by reportable segment (in millions): June 30, 2022 December 31, 2021 Receivables, net Wholesale - North America $ 375 $ 367 Europe 617 586 Specialty 152 102 Self Service 17 18 Total receivables, net 1,161 1,073 Inventories Wholesale - North America 780 776 Europe 1,352 1,327 Specialty 458 458 Self Service 60 50 Total inventories 2,650 2,611 Property, plant and equipment, net Wholesale - North America 500 526 Europe 525 577 Specialty 92 93 Self Service 100 103 Total property, plant and equipment, net 1,217 1,299 Operating lease assets, net Wholesale - North America 577 611 Europe 461 515 Specialty 89 83 Self Service 141 152 Total operating lease assets, net 1,268 1,361 Other unallocated assets 5,838 6,262 Total assets $ 12,134 $ 12,606
Revenue from External Customers by Geographic Area	The following table sets forth our revenue by geographic area (in millions): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Revenue United States $ 1,747 $ 1,750 $ 3,497 $ 3,355 United Kingdom 393 422 818 825 Germany 390 419 776 807 Other countries 811 844 1,598 1,619 Total revenue $ 3,341 $ 3,435 $ 6,689 $ 6,606
Schedule Of Tangible Long-Lived Assets By Geographic Area	The following table sets forth our tangible long-lived assets by geographic area (in millions): June 30, 2022 December 31, 2021 Long-lived assets United States $ 1,417 $ 1,487 Germany 294 329 United Kingdom 262 305 Other countries 512 539 Total long-lived assets $ 2,485 $ 2,660

Financial Statement Informat_11

Financial Statement Information (Details) - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
	Apr. 18, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	May 10, 2022	Dec. 31, 2021
Schedule of Net Assets Held for Sale [Line Items]
Accounts Receivable, Credit Loss Expense (Reversal)		$ (1)	$ (1)	$ (9)	$ (4)
Purchase of treasury stock		(404)	(304)	(548)	(361)
Proceeds from disposal of businesses	$ 361			372	6
Gain from divestiture of Businesses, post-tax [Line Items]		127
Schedule of Equity Method Investments [Line Items]
Equity method investments		154		154			$ 181
Stock Repurchase Program, Increase In Authorized Amount						$ 500
Gain on disposal of businesses		(155)	(1)	(155)	(1)
Self Service Segment
Schedule of Net Assets Held for Sale [Line Items]
Payments for (Proceeds from) Investments				22
Payments for (Proceeds from) Investments				22
Treasury Stock, Common [Member]
Schedule of Net Assets Held for Sale [Line Items]
Purchase of treasury stock		$ (404)	$ (304)	$ (548)	$ (361)
Purchase of treasury stock		8.1	(6.2)	(10.8)	(7.7)
Purchase of treasury stock		(8.1)	6.2	10.8	7.7
Mekonomen [Member]
Schedule of Net Assets Held for Sale [Line Items]
Equity Method Investments, Fair Value Disclosure		$ 173		$ 173
Schedule of Equity Method Investments [Line Items]
Equity Method Investments, Fair Value Disclosure		173		173
Equity method investments		141		141			145
Other
Schedule of Equity Method Investments [Line Items]
Equity method investments		$ 13		$ 13			$ 36

Financial Statement Informat_12

Financial Statement Information Investments in Unconsolidated Subsidiaries (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 154		$ 154		$ 181
Equity Method Investment, Ownership Percentage	26.60%		26.60%
Equity in earnings of unconsolidated subsidiaries (1)	$ (4)	$ (3)	$ (6)	$ (9)
Amount that fair value exceeds carrying value					70%
Mekonomen [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investments	141		141		$ 145
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	(8)		(8)
Equity Method Investments, Fair Value Disclosure	173		173
Other
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 13		$ 13		$ 36

Financial Statement Informat_13

Financial Statement Information Warranty Reserve (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Warranty Reserve [Abstract]
Standard Product Warranty Accrual	$ 30	$ 30
Standard Product Warranty Accrual, Increase for Warranties Issued	38
Standard Product Warranty Accrual, Decrease for Payments	$ 38

Financial Statement Informat_14

Financial Statement Information Treasury Stock (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Treasury Stock [Abstract]
Stock Repurchase Program, Authorized Amount	$ 2,500		$ 2,500
Payments for Repurchase of Common Stock			528	$ 344
Purchase of treasury stock	$ (404)	$ (304)	$ (548)	$ (361)

Financial Statement Informat_15

Financial Statement Information Noncontrolling Interest (Details) € in Millions, $ in Millions	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2020 EUR (€)
Noncontrolling Interest [Line Items]
Redeemable noncontrolling interest	$ 24	$ 24
Redeemable NCI, Call Option			$ 26	€ 23
Reedemable NCI, Put Option			$ 24	€ 21

Financial Statement Informat_16

Financial Statement Information (Details) - USD ($) $ in Millions		6 Months Ended
	Apr. 18, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Inventory [Line Items]
Inventories		$ 2,650		$ 2,611
Schedule of Net Assets Held for Sale [Line Items]
Proceeds from disposal of businesses	$ 361	372	$ 6
Accounts Receivable, Allowance for Credit Loss		(56)	$ (53)
AftermarketAndRefurbishedProducts [Member]
Inventory [Line Items]
Inventories		2,172		2,168
SalvageAndRemanufacturedProducts [Member]
Inventory [Line Items]
Inventories		439		406
ManufacturedProducts [Member]
Inventory [Line Items]
Inventories		39		37
Inventory, Raw Materials and Supplies, Gross		22		27
Inventory, Work in Process, Gross		5		4
Inventory, Finished Goods, Gross		$ 12		$ 5

Revenue Recognition Disaggreg_2

Revenue Recognition Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Revenue Recognition [Line Items]
Revenues	$ 3,341	$ 3,435	$ 6,689	$ 6,606
Deferred Service-Type Warranty Revenue	32		32		$ 32
Deferred Service-Type Revenue, Additions			28
Deferred Service-Type Revenue Recognized			(28)
Revenue, Variable Consideration Reserve	110		110		144
Contract with Customer, Right to Recover Product	58		58		58
Disaggregation of Revenue [Line Items]
Refund liability	108		108		$ 107
Other Revenue [Member]
Revenue Recognition [Line Items]
Revenues	249	257	493	496
Specialty [Member]
Revenue Recognition [Line Items]
Revenues	513	532	974	991
North America
Revenue Recognition [Line Items]
Revenues	1,144	1,119	2,345	2,170
Europe
Revenue Recognition [Line Items]
Revenues	1,477	1,577	2,965	3,040
Europe | Other Revenue [Member]
Revenue Recognition [Line Items]
Revenues	7	7	14	15
Self Service Segment
Revenue Recognition [Line Items]
Revenues	208	209	407	408
Self Service Segment | Other Revenue [Member]
Revenue Recognition [Line Items]
Revenues	148	156	290	305
Wholesale - North America Segment | Other Revenue [Member]
Revenue Recognition [Line Items]
Revenues	94	94	$ 189	176
Minimum [Member]
Disaggregation of Revenue [Line Items]
Standard Product Warranty Period			6 months
Maximum
Disaggregation of Revenue [Line Items]
Standard Product Warranty Period			36 months
Parts and Services [Domain]
Revenue Recognition [Line Items]
Revenues	3,092	3,178	$ 6,196	6,110
Parts and Services [Domain] | Specialty [Member]
Revenue Recognition [Line Items]
Revenues	512	531	972	989
Parts and Services [Domain] | Europe
Revenue Recognition [Line Items]
Revenues	1,470	1,570	2,951	3,025
Parts and Services [Domain] | Self Service Segment
Revenue Recognition [Line Items]
Revenues	60	53	117	103
Parts and Services [Domain] | Wholesale - North America Segment
Revenue Recognition [Line Items]
Revenues	$ 1,050	$ 1,024	$ 2,156	$ 1,993

Restructuring and Acquisition_2

Restructuring and Acquisition Related Expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Restructuring Cost and Reserve [Line Items]
Business Combination, Acquisition Related Costs	$ 1		$ 4
Restructuring and Related Cost, Incurred Cost	2
1 LKQ Europe Program [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs				$ (5)
1 LKQ Europe Program [Member] | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	50		50
1 LKQ Europe Program [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	40		40
Global Restructuring Programs
Restructuring Cost and Reserve [Line Items]
Restructuring Costs		$ (4)		(7)
Restructuring Reserve	11		11		$ 14
Gain (Loss) on Disposition of Property Plant Equipment				$ 3
Global Restructuring Programs | Operating Lease, Liability
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	7		7		$ 9
Global Restructuring Programs | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	115		115
Global Restructuring Programs | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	108		108
Specialty [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	5		5
Specialty [Member] | Global Restructuring Programs
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	2		2
Restructuring and Related Cost, Cost Incurred to Date	2		2
Europe | Global Restructuring Programs
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	63		63
Restructuring and Related Cost, Cost Incurred to Date	59		59
Self Service Segment | Global Restructuring Programs
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	2		2
Restructuring and Related Cost, Cost Incurred to Date	2		2
Wholesale - North America Segment | Global Restructuring Programs
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	44		44
Restructuring and Related Cost, Cost Incurred to Date	$ 43		$ 43

Stock-Based Compensation Schedu

Stock-Based Compensation Schedule of Unvested Restricted Stock Units Activity (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Weighted Average Fair Value [Abstract]
Fair value of RSUs vested during the period	$ 8
RSUs
Shares Outstanding [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	1.6		1.4
RSUs granted, shares	0.6
RSUs vested, shares	(0.4)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected To Vest, Number	1.3
lkq_expected_to_vest_other_than_options_weighted_average_per_share	$ 40.28
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	40.14		$ 34.85
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	49	$ 39.02
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 36.34
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms	2 years 10 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested	$ 66
Fair value of RSUs vested during the period	$ 21
Performance Based RSU [Member]
Shares Outstanding [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	0.4		0.5
RSUs granted, shares	0.1
RSUs vested, shares	(0.2)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Expected To Vest, Number	0.4
lkq_expected_to_vest_other_than_options_weighted_average_per_share	$ 38.64
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	38.64		$ 31.96
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	48.92	$ 38.50
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 27.74
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms	1 year 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Vested	$ 19

Schedule of Stock-Based Compens

Schedule of Stock-Based Compensation Expense Expected to be Recognized (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award
Stock-based compensation expense	$ 10	$ 23	$ 17
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount	$ 58	$ 58

Earnings Per Share Earnings P_2

Earnings Per Share Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule of Earnings Per Share, Basic and Diluted [Line Items]
Denominator for basic earnings per share—Weighted-average shares outstanding	281.4	300.6	283.5	301.8
Effect of dilutive securities:
Denominator for diluted earnings per share—Adjusted weighted-average shares outstanding	282.3	301.5	284.5	302.6
Income from continuing operations	$ 420	$ 306	$ 689	$ 572
Income from continuing operations	$ 1.49	$ 1.01	$ 2.43	$ 1.89
Income from continuing operations	$ 1.49	$ 1.01	$ 2.42	$ 1.89
RSUs
Effect of dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0.5	0.7	0.7	0.7
Performance Based RSU [Member]
Effect of dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	0.4	0.2	0.3	0.1

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (355)	$ (101)	$ (355)	$ (101)	$ (206)	$ (153)	$ (126)	$ (99)
Pretax income (loss)	(154)	22	(208)
Other Comprehensive Income (Loss), Tax				(1)
Reclassification of unrealized loss (gain)		1		(1)
Reclassification of deferred income taxes				1
OtherComprehensiveIncomeLossBeforeReclassificationsDisposalOfBusiness	4		4
Other comprehensive income from unconsolidated subsidiaries	1	2	2	(1)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(325)	(60)	(325)	(60)	(175)	(121)	(82)	(57)
Pretax income (loss)	(154)	22	(208)	(3)
Reclassification of unrealized loss (gain)		0
OtherComprehensiveIncomeLossBeforeReclassificationsDisposalOfBusiness	4		4
Other comprehensive income from unconsolidated subsidiaries	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		0		0				(1)
Pretax income (loss)				3
Other Comprehensive Income (Loss), Tax				(1)
Reclassification of unrealized loss (gain)				(2)
Reclassification of deferred income taxes				1
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(24)	(32)	(24)	(32)	(24)	(24)	(33)	(33)
Pretax income (loss)	0	0
Reclassification of unrealized loss (gain)		1		1
Other comprehensive income from unconsolidated subsidiaries	0	0
Accumulated Gain (Loss) from Unconsoldated Subsidiaries [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(6)	(9)	(6)	(9)	$ (7)	$ (8)	$ (11)	$ (8)
Pretax income (loss)	0	0
Reclassification of unrealized loss (gain)		0
Other comprehensive income from unconsolidated subsidiaries	$ 1	$ 2	$ 2	(1)
Other (expense) income, net [Member] | Currency Swap [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification of unrealized loss (gain)				$ (2)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule of Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent Unrealized Loss Gains		$ (1)		$ 1
Interest Rate Swap [Member] | Interest expense, net of interest income [Member]
Schedule of Accumulated Other Comprehensive Income (Loss) [Line Items]
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent Unrealized Loss Gains	$ (1)		$ 1
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				$ 2

Long-Term Obligations - Additio

Long-Term Obligations - Additional Information (Details) € in Millions, $ in Millions			3 Months Ended		6 Months Ended
	Apr. 01, 2021 USD ($)	Apr. 01, 2021 EUR (€)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Nov. 23, 2021	Nov. 20, 2018 USD ($)	Apr. 09, 2018 EUR (€)	Dec. 01, 2017	Apr. 14, 2016
Debt Instrument
Debt and Capital Lease Obligations, Net			$ 2,360		$ 2,360		$ 2,812
Borrowings Under Credit Facility			1,494		1,494		1,887
Early Redemption Premium					0	$ (16)
Loss on debt extinguishment			0	$ 24	0	$ 24
Long-term obligations, total			2,369		2,369		$ 2,824
Euro Notes (2024)
Debt Instrument
Weighted average interest rates							3.88%
Long-term Debt			524		524		$ 569
Senior notes interest rate												3.88%
Long-term Debt, Fair Value			527		$ 527		$ 605
Senior Notes 2024 [Member]
Debt Instrument
Debt Instrument, Redemption Price, Percentage					100%
Euro Notes 2026/28 [Member]
Debt Instrument
Long-term Debt | €										€ 1,000
Euro Notes 2026
Debt Instrument
Debt Instrument, Redemption Price, Percentage	101.813%	101.813%
Extinguishment of Debt, Amount	$ 915	€ 777
Early Redemption Premium	16	14
Interest and Debt Expense	16	€ 14
Loss on debt extinguishment	$ 24
Euro Notes 2028
Debt Instrument
Weighted average interest rates							4.13%
Long-term Debt			262		$ 262		$ 284
Debt Instrument, Redemption Price, Percentage					100%
Long-term Debt, Fair Value			251		$ 251		$ 301
Revolving Credit Facility [Member]
Debt Instrument
Outstanding letters of credit			69		69
Line of Credit Facility, Remaining Borrowing Capacity			$ 1,587		$ 1,587
AmendmentNo.4FourthAmendedandRestateCreditAgreementMember | Revolving Credit Facility [Member]
Debt Instrument
Line of Credit Facility, Maximum Borrowing Capacity									$ 3,150
Increment change in applicable margin											0.25%
AmendmentNo.4FourthAmendedandRestateCreditAgreementMember | Letter of Credit [Member]
Debt Instrument
Line of Credit Facility, Commitment Fee Percentage					0.125%
AmendmentNo6.FourthAmendedandRestateCreditAgreement | Revolving Credit Facility [Member]
Debt Instrument
Increment change in applicable margin								0.0326%
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
Senior notes interest rate										3.625%
TwentyTwentyEight [Member] | Euro Notes 2028
Debt Instrument
Senior notes interest rate										4.13%
Maximum | AmendmentNo.4FourthAmendedandRestateCreditAgreementMember | 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 Millions, $ in Millions	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Apr. 09, 2018 EUR (€)	Dec. 01, 2017	Apr. 14, 2016 EUR (€)
Debt Instrument
Finance Lease, Liability	$ 47	$ 52
Other Debt	26	9
Long-term obligations, total	2,369	2,824
Deferred Finance Costs, Noncurrent, Net	(9)	(12)
Long-term obligations, total, net	2,360	2,812
Current portion of long-term obligations	(47)	(35)
Long-term obligations, excluding current portion	2,313	2,777
Revolving Credit Facility [Member]
Debt Instrument
Long-term Line of Credit	1,494	1,887
Euro Notes (2024)
Debt Instrument
Long-term Debt	524	$ 569
Weighted average interest rates		3.88%
Euro Notes 2026/28 [Member]
Debt Instrument
Long-term Debt | €			€ 1,000
Notes payable
Debt Instrument
Notes Payable	$ 16	$ 23
AmendmentNo.4FourthAmendedandRestateCreditAgreementMember | Revolving Credit Facility [Member]
Debt Instrument
Increment change in applicable margin				0.25%
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)		6 Months Ended
	Apr. 01, 2021	Jun. 30, 2022	Dec. 31, 2021	Apr. 09, 2018	Apr. 14, 2016
Debt Instrument
Finance Lease, Weighted Average Discount Rate, Percent		3.54%	3.50%
Line of Credit Facility, Interest Rate at Period End		1.72%	1.10%
Senior Notes 2024 [Member]
Debt Instrument
Debt Instrument, Redemption Price, Percentage		100%
Euro Notes 2026/28 [Member] | TwentyTwentyEight [Member]
Debt Instrument
Senior notes interest rate				3.625%
Other Debt [Member] [Member]
Debt Instrument
Weighted average interest rates		0.89%	1.10%
Notes Payable [Member]
Debt Instrument
Weighted average interest rates		3.25%	2.80%
Euro Notes 2028
Debt Instrument
Debt Instrument, Redemption Price, Percentage		100%
Weighted average interest rates			4.13%
Euro Notes 2028 | TwentyTwentyEight [Member]
Debt Instrument
Senior notes interest rate				4.13%
Euro Notes (2024)
Debt Instrument
Weighted average interest rates			3.88%
Senior notes interest rate					3.88%
Euro Notes 2026
Debt Instrument
Debt Instrument, Redemption Price, Percentage	101.813%

Fair Value Measurements (Detail

Fair Value Measurements (Details) € in Millions, $ in Millions	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Apr. 09, 2018 EUR (€)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Long-term Line of Credit	$ 1,494	$ 1,887
Fair Value, Recurring [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	84	107
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	13	18
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	71	89
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [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] | 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 2 [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	71	89
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	71	89
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	13	18
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	13	18
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
Euro Notes 2026/28 [Member]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Long-term Debt | €			€ 1,000
Euro Notes (2024)
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Long-term Debt	524	569
Long-term Debt, Fair Value	527	605
Euro Notes 2028
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Long-term Debt	262	284
Long-term Debt, Fair Value	$ 251	$ 301

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Funded (Unfunded) Status of Plan	$ 119		$ 119		$ 131
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 2	$ 1	$ 3	$ 3

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Effective Income Tax Rate Reconciliation, Percent	24.10%	26.30%
Effective Income Tax Rate Reconciliation, Change as a result of the Discrete Items, Percent			1.20%	0.10%

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Segment Reporting Information
Segment EBITDA	$ 475	$ 523	$ 922	$ 975
Depreciation and amortization	68	70	133	142
Revenue	3,341	3,435	$ 6,689	6,606
Number of operating segments			4
Intersegment [Member]
Segment Reporting Information
Revenue	0	0	$ 0	0
Third Party [Member]
Segment Reporting Information
Revenue	3,341	3,435	6,689	6,606
Specialty [Member]
Segment Reporting Information
Segment EBITDA	69	80	127	141
Depreciation and amortization	7	7	15	14
Revenue	513	532	974	991
Specialty [Member] | Intersegment [Member]
Segment Reporting Information
Revenue	1	1	2	2
Specialty [Member] | Third Party [Member]
Segment Reporting Information
Revenue	512	531	972	989
North America
Segment Reporting Information
Segment EBITDA	214	219	432	413
Depreciation and amortization	18	19	37	40
Revenue	1,144	1,119	2,345	2,170
North America | Intersegment [Member]
Segment Reporting Information
Revenue	0	1	0	1
North America | Third Party [Member]
Segment Reporting Information
Revenue	1,144	1,118	2,345	2,169
us-gaap_IntersegmentEliminationMember
Segment Reporting Information
Segment EBITDA	0	0	0	0
Depreciation and amortization	0	0	0	0
Revenue	(1)	2	(2)	3
us-gaap_IntersegmentEliminationMember | Intersegment [Member]
Segment Reporting Information
Revenue	(1)	2	(2)	3
us-gaap_IntersegmentEliminationMember | Third Party [Member]
Segment Reporting Information
Revenue	0	0	0	0
Europe
Segment Reporting Information
Segment EBITDA	160	168	291	309
Depreciation and amortization	39	40	73	80
Revenue	1,477	1,577	2,965	3,040
Europe | Intersegment [Member]
Segment Reporting Information
Revenue	0	0	0	0
Europe | Third Party [Member]
Segment Reporting Information
Revenue	$ 1,477	$ 1,577	$ 2,965	$ 3,040

Schedule of Financial Performan

Schedule of Financial Performance by Reportable Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information
Revenues	$ (3,341)	$ (3,435)	$ (6,689)	$ (6,606)
Segment EBITDA	475	523	922	975
Depreciation and amortization	68	70	133	142
Specialty [Member]
Segment Reporting Information
Revenues	(513)	(532)	(974)	(991)
Segment EBITDA	69	80	127	141
Depreciation and amortization	7	7	15	14
North America
Segment Reporting Information
Revenues	(1,144)	(1,119)	(2,345)	(2,170)
Segment EBITDA	214	219	432	413
Depreciation and amortization	18	19	37	40
Europe
Segment Reporting Information
Revenues	(1,477)	(1,577)	(2,965)	(3,040)
Segment EBITDA	160	168	291	309
Depreciation and amortization	39	40	73	80
us-gaap_IntersegmentEliminationMember
Segment Reporting Information
Revenues	1	(2)	2	(3)
Segment EBITDA	0	0	0	0
Depreciation and amortization	0	0	0	0
Self Service Segment
Segment Reporting Information
Revenues	(208)	(209)	(407)	(408)
Segment EBITDA	32	56	72	112
Depreciation and amortization	4	4	8	8
Third Party [Member]
Segment Reporting Information
Revenues	(3,341)	(3,435)	(6,689)	(6,606)
Third Party [Member] | Specialty [Member]
Segment Reporting Information
Revenues	(512)	(531)	(972)	(989)
Third Party [Member] | North America
Segment Reporting Information
Revenues	(1,144)	(1,118)	(2,345)	(2,169)
Third Party [Member] | Europe
Segment Reporting Information
Revenues	(1,477)	(1,577)	(2,965)	(3,040)
Third Party [Member] | us-gaap_IntersegmentEliminationMember
Segment Reporting Information
Revenues	0	0	0	0
Third Party [Member] | Self Service Segment
Segment Reporting Information
Revenues	(208)	(209)	(407)	(408)
Intersegment [Member]
Segment Reporting Information
Revenues	0	0	0	0
Intersegment [Member] | Specialty [Member]
Segment Reporting Information
Revenues	(1)	(1)	(2)	(2)
Intersegment [Member] | North America
Segment Reporting Information
Revenues	0	(1)	0	(1)
Intersegment [Member] | Europe
Segment Reporting Information
Revenues	0	0	0	0
Intersegment [Member] | us-gaap_IntersegmentEliminationMember
Segment Reporting Information
Revenues	1	(2)	2	(3)
Intersegment [Member] | Self Service Segment
Segment Reporting Information
Revenues	$ 0	$ 0	$ 0	$ 0

Reconciliation Of Segment EBITD

Reconciliation Of Segment EBITDA To Net Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reconciliation of Segment Earnings Before Interest Taxes Depreciation And Amortization to Net Income Table [Line Items]
Net income	$ 420	$ 305	$ 693	$ 571
Restructuring and transaction related expenses	4	5	7	13
Change in fair value of contingent consideration liabilities	0	1	0	1
Losses on previously held equity interests	0	0	1	0
Direct impacts of Ukraine/Russia conflict	(1)	0	5	0
Depreciation and amortization	61	65	120	131
Depreciation and amortization - cost of goods sold	7	5	13	11
Interest Income (Expense), Nonoperating, Net	(14)	(16)	(29)	(40)
Gain (Loss) on Extinguishment of Debt	0	(24)	0	(24)
Provision for income taxes	127	108	216	201
Equity in earnings of unconsolidated subsidiaries	4	3	6	9
Unrealized Gain (Loss) on Investments	(2)	1	(3)	6
Net income from discontinued operations	0	0	4	0
Net income	420	306	693	572
Net income from discontinued operations	0	0	(4)	0
Net income from continuing operations attributable to LKQ stockholders	420	305	689	571
Depreciation and amortization	61	65	120	131
Depreciation and amortization - cost of goods sold	7	5	13	11
Interest expense, net of interest income	14	16	29	40
Provision for income taxes	127	108	216	201
Earnings Before Interest Taxes Depreciation And Amortization	629	523	1,067	978
Equity in earnings of unconsolidated subsidiaries (1)	4	3	6	9
Losses on previously held equity interests	0	0	1	0
Direct impacts of Ukraine/Russia conflict	(1)	0	5	0
Segment EBITDA	$ 475	$ 523	$ 922	$ 975

Schedule of Capital Expenditure

Schedule of Capital Expenditures by Reportable Segment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information
Capital Expenditures	$ 40	$ 46	$ 99	$ 88
North America
Segment Reporting Information
Capital Expenditures	16	12	45	23
Europe
Segment Reporting Information
Capital Expenditures	19	22	42	48
Specialty [Member]
Segment Reporting Information
Capital Expenditures	4	8	8	10
Self Service Segment
Segment Reporting Information
Capital Expenditures	$ 1	$ 4	$ 4	$ 7

Schedule of Assets by Reportabl

Schedule of Assets by Reportable Segment (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Segment Reporting Information
Receivables, net	$ 1,161	$ 1,073
Inventories	2,650	2,611
Property, plant and equipment, net	1,217	1,299
Operating lease assets, net	1,268	1,361
Equity method investments	154	181
Other unallocated assets	5,838	6,262
Total assets	12,134	12,606
Wholesale - North America Segment
Segment Reporting Information
Receivables, net	375	367
Inventories	780	776
Property, plant and equipment, net	500	526
Operating lease assets, net	577	611
Europe
Segment Reporting Information
Receivables, net	617	586
Inventories	1,352	1,327
Property, plant and equipment, net	525	577
Operating lease assets, net	461	515
Specialty [Member]
Segment Reporting Information
Receivables, net	152	102
Inventories	458	458
Property, plant and equipment, net	92	93
Operating lease assets, net	89	83
Self Service Segment
Segment Reporting Information
Receivables, net	17	18
Inventories	60	50
Property, plant and equipment, net	100	103
Operating lease assets, net	$ 141	$ 152

Segment and Geographic Inform_4

Segment and Geographic Information Schedule of Revenue by Geographic Area (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues from External Customers
Revenues	$ 3,341	$ 3,435	$ 6,689	$ 6,606
UNITED STATES
Revenues from External Customers
Revenues	1,747	1,750	3,497	3,355
GERMANY
Revenues from External Customers
Revenues	390	419	776	807
UNITED KINGDOM
Revenues from External Customers
Revenues	393	422	818	825
Other countries
Revenues from External Customers
Revenues	$ 811	$ 844	$ 1,598	$ 1,619

Schedule of Tangible Long-Lived

Schedule of Tangible Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Long-Lived Assets
Long-Lived Assets	$ 2,485	$ 2,660
UNITED STATES
Long-Lived Assets
Long-Lived Assets	1,417	1,487
UNITED KINGDOM
Long-Lived Assets
Long-Lived Assets	262	305
GERMANY
Long-Lived Assets
Long-Lived Assets	294	329
Other countries
Long-Lived Assets
Long-Lived Assets	$ 512	$ 539