CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
ASSETS
Cash and cash equivalents	$ 119.6	$ 106.5
Accounts receivable, net of allowance for doubtful accounts of $6.7 and $6.6	890.6	906.7
Inventories	3,881.3	3,509.1
Other current assets	194.9	141.9
Total current assets	5,086.4	4,664.2
Property and equipment, net	2,624.5	2,496.5
Operating lease right-of-use assets	2,389.1	2,416.1
Goodwill	2,208.9	2,154.7
Other indefinite-lived intangible assets	718.6	690.9
Equity method investments	1,709.1	1,636.9
Other long-term assets	60.3	55.3
Total assets	14,796.9	14,114.6
LIABILITIES AND EQUITY
Floor plan notes payable	1,706.7	1,565.7
Floor plan notes payable — non-trade	1,465.1	1,430.6
Accounts payable	943.5	853.5
Accrued expenses and other current liabilities	823.1	788.1
Current portion of long-term debt	130.1	75.2
Total current liabilities	5,068.5	4,713.1
Long-term debt	1,613.6	1,546.9
Long-term operating lease liabilities	2,308.6	2,335.7
Deferred tax liabilities	1,156.6	1,121.0
Other long-term liabilities	239.9	223.1
Total liabilities	10,387.2	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	4,657.9	4,483.3
Accumulated other comprehensive income (loss)	(275.8)	(335.3)
Total Penske Automotive Group stockholders' equity	4,382.1	4,148.0
Non-controlling interest	27.6	26.8
Total equity	4,409.7	4,174.8
Total liabilities and equity	14,796.9	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