Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive income (loss) by component and the reclassifications out of accumulated other comprehensive income (loss) during the three and six months ended June 30, 2023 and 2022, respectively, attributable to Penske Automotive Group common stockholders follows:

Three Months Ended June 30, 2023

	Foreign Currency Translation		Other		Accumulated Other Comprehensive Income (Loss)
Balance at March 31, 2023	$	(310.1)	$	(2.4)	$	(312.5)
Other comprehensive income (loss) before reclassifications	33.3		3.4		36.7
Amounts reclassified from accumulated other comprehensive income (loss) — net of tax	—		—		—
Net current period other comprehensive income (loss)	33.3		3.4		36.7
Balance at June 30, 2023	$	(276.8)	$	1.0	$	(275.8)

Three Months Ended June 30, 2022

	Foreign Currency Translation		Other		Accumulated Other Comprehensive Income (Loss)
Balance at March 31, 2022	$	(202.5)	$	4.4	$	(198.1)
Other comprehensive income (loss) before reclassifications	(119.5)		5.7		(113.8)
Amounts reclassified from accumulated other comprehensive income (loss) — net of tax	—		—		—
Net current period other comprehensive income (loss)	(119.5)		5.7		(113.8)
Balance at June 30, 2022	$	(322.0)	$	10.1	$	(311.9)

Six Months Ended June 30, 2023

	Foreign Currency Translation		Other		Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2022	$	(328.1)	$	(7.2)	$	(335.3)
Other comprehensive income (loss) before reclassifications	51.3		8.2		59.5
Amounts reclassified from accumulated other comprehensive income (loss) — net of tax	—		—		—
Net current period other comprehensive income (loss)	51.3		8.2		59.5
Balance at June 30, 2023	$	(276.8)	$	1.0	$	(275.8)

Six Months Ended June 30, 2022

	Foreign Currency Translation		Other		Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2021	$	(174.4)	$	5.6	$	(168.8)
Other comprehensive income (loss) before reclassifications	(147.6)		4.5		(143.1)
Amounts reclassified from accumulated other comprehensive income (loss) — net of tax	—		—		—
Net current period other comprehensive income (loss)	(147.6)		4.5		(143.1)
Balance at June 30, 2022	$	(322.0)	$	10.1	$	(311.9)