CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 106.5	$ 100.7
Accounts receivable, net of allowance for doubtful accounts of $6.6 and $6.8	906.7	734.0
Inventories	3,509.1	3,129.0
Other current assets	141.9	111.7
Total current assets	4,664.2	4,075.4
Property and equipment, net	2,496.5	2,442.2
Operating lease right-of-use assets	2,416.1	2,451.4
Goodwill	2,154.7	2,124.1
Other indefinite-lived intangible assets	690.9	641.5
Equity method investments	1,636.9	1,688.1
Other long-term assets	55.3	41.9
Total assets	14,114.6	13,464.6
LIABILITIES AND EQUITY
Floor plan notes payable	1,565.7	1,144.8
Floor plan notes payable — non-trade	1,430.6	1,409.9
Accounts payable	853.5	767.1
Accrued expenses and other current liabilities	788.1	870.3
Current portion of long-term debt	75.2	82.0
Liabilities held for sale	0.0	0.5
Total current liabilities	4,713.1	4,274.6
Long-term debt	1,546.9	1,392.0
Long-term operating lease liabilities	2,335.7	2,373.6
Deferred tax liabilities	1,121.0	1,060.4
Other long-term liabilities	223.1	269.0
Total liabilities	9,939.8	9,369.6
Commitments and contingent liabilities (Note 11)
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	0.0	42.2
Retained earnings	4,483.3	4,196.6
Accumulated other comprehensive income (loss)	(335.3)	(168.8)
Total Penske Automotive Group stockholders' equity	4,148.0	4,070.0
Non-controlling interest	26.8	25.0
Total equity	4,174.8	4,095.0
Total liabilities and equity	14,114.6	13,464.6
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