CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 100.7	$ 49.5
Accounts receivable, net of allowance for doubtful accounts of $6.8 and $5.5	734.0	806.9
Inventories	3,129.0	3,425.6
Other current assets	111.7	126.8
Total current assets	4,075.4	4,408.8
Property and equipment, net	2,442.2	2,404.4
Operating lease right-of-use assets	2,451.4	2,416.5
Goodwill	2,124.1	1,928.4
Other indefinite-lived intangible assets	641.5	563.4
Equity method investments	1,688.1	1,500.3
Other long-term assets	41.9	25.4
Total assets	13,464.6	13,247.2
LIABILITIES AND EQUITY
Floor plan notes payable	1,144.8	1,780.5
Floor plan notes payable — non-trade	1,409.9	1,363.8
Accounts payable	767.1	675.4
Accrued expenses and other current liabilities	870.3	767.2
Current portion of long-term debt	82.0	87.5
Liabilities held for sale	0.5	0.5
Total current liabilities	4,274.6	4,674.9
Long-term debt	1,392.0	1,602.1
Long-term operating lease liabilities	2,373.6	2,350.3
Deferred tax liabilities	1,060.4	873.1
Other long-term liabilities	269.0	420.7
Total liabilities	9,369.6	9,921.1
Commitments and contingent liabilities (Note 12)
Penske Automotive Group stockholders’ equity:
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding	0.0	0.0
Common Stock	0.0	0.0
Additional paid-in capital	42.2	311.8
Retained earnings	4,196.6	3,151.3
Accumulated other comprehensive income (loss)	(168.8)	(160.6)
Total Penske Automotive Group stockholders’ equity	4,070.0	3,302.5
Non-controlling interest	25.0	23.6
Total equity	4,095.0	3,326.1
Total liabilities and equity	13,464.6	13,247.2
Non-voting Common Stock
Penske Automotive Group stockholders’ equity:
Common Stock	0.0	0.0
Class C Common Stock
Penske Automotive Group stockholders’ equity:
Common Stock	$ 0.0	$ 0.0