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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Total Penske Automotive Group Stockholders' Equity
Total Penske Automotive Group Stockholders' Equity
Cumulative Effect, Period of Adoption, Adjustment
Voting and Non-voting Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2019         81,084,751          
Beginning balance at Dec. 31, 2019 $ 2,811.6   $ 2,793.4   $ 0.0 $ 320.4 $ 2,675.8   $ (202.8) $ 18.2
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         335,647          
Equity compensation 25.8   25.8     25.8        
Repurchases of common stock (in shares)         (1,027,736)          
Repurchases of common stock (34.4)   (34.4)     (34.4)        
Dividends (68.1)   (68.1)       (68.1)      
Interest rate swaps (3.2)   (3.2)           (3.2)  
Purchase of subsidiary shares from non-controlling interest (5.0)                 (5.0)
Foreign currency translation 51.3   50.6           50.6 0.7
Other 2.8   (5.2)           (5.2) 8.0
Net income 545.3   543.6       543.6     1.7
Ending balance (in shares) at Dec. 31, 2020         80,392,662          
Ending balance at Dec. 31, 2020 $ 3,326.1   3,302.5   $ 0.0 311.8 3,151.3   (160.6) 23.6
Increase (decrease) in stockholders' equity                    
Accounting standards update Accounting Standards Update 2016-02 [Member]                  
Equity compensation (in shares)         443,090          
Equity compensation $ 23.9   23.9     23.9        
Repurchases of common stock (in shares)         (3,261,580)          
Repurchases of common stock (293.5)   (293.5)     (293.5)        
Dividends (142.5)   (142.5)       (142.5)      
Interest rate swaps 3.2   3.2           3.2  
Distributions to non-controlling interest (2.6)                 (2.6)
Foreign currency translation (39.8)   (38.9)           (38.9) (0.9)
Other 27.5   27.5           27.5  
Net income $ 1,192.7   1,187.8       1,187.8     4.9
Ending balance (in shares) at Dec. 31, 2021 77,574,172       77,574,172          
Ending balance at Dec. 31, 2021 $ 4,095.0 $ (121.6) 4,070.0 $ (121.6) $ 0.0 42.2 4,196.6 $ (121.6) (168.8) 25.0
Increase (decrease) in stockholders' equity                    
Equity compensation (in shares)         321,866          
Equity compensation 26.7   26.7     26.7        
Repurchases of common stock (in shares)         (8,214,147)          
Repurchases of common stock (886.5)   (886.5)     (68.9) (817.6)      
Dividends (154.1)   (154.1)       (154.1)      
Interest rate swaps 0.0                  
Distributions to non-controlling interest (3.5)                 (3.5)
Foreign currency translation (154.6)   (153.7)           (153.7) (0.9)
Other (12.8)   (12.8)           (12.8)  
Net income $ 1,386.2   1,380.0       1,380.0     6.2
Ending balance (in shares) at Dec. 31, 2022 69,681,891       69,681,891          
Ending balance at Dec. 31, 2022 $ 4,174.8   $ 4,148.0   $ 0.0 $ 0.0 $ 4,483.3   $ (335.3) $ 26.8