CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 100.6	$ 106.5
Accounts receivable, net of allowance for doubtful accounts of $6.7 and $6.6	920.2	906.7
Inventories	3,630.4	3,509.1
Other current assets	171.7	141.9
Total current assets	4,822.9	4,664.2
Property and equipment, net	2,566.8	2,496.5
Operating lease right-of-use assets	2,375.6	2,416.1
Goodwill	2,162.5	2,154.7
Other indefinite-lived intangible assets	692.3	690.9
Equity method investments	1,719.5	1,636.9
Other long-term assets	56.2	55.3
Total assets	14,395.8	14,114.6
LIABILITIES AND EQUITY
Floor plan notes payable	1,584.2	1,565.7
Floor plan notes payable — non-trade	1,311.9	1,430.6
Accounts payable	922.2	853.5
Accrued expenses and other current liabilities	861.1	788.1
Current portion of long-term debt	81.5	75.2
Total current liabilities	4,760.9	4,713.1
Long-term debt	1,619.8	1,546.9
Long-term operating lease liabilities	2,302.5	2,335.7
Deferred tax liabilities	1,138.0	1,121.0
Other long-term liabilities	223.2	223.1
Total liabilities	10,044.4	9,939.8
Commitments and contingent liabilities (Note 10)
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	0.0
Retained earnings	4,635.8	4,483.3
Accumulated other comprehensive income (loss)	(312.5)	(335.3)
Total Penske Automotive Group stockholders' equity	4,323.3	4,148.0
Non-controlling interest	28.1	26.8
Total equity	4,351.4	4,174.8
Total liabilities and equity	14,395.8	14,114.6
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