CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 91.9	$ 96.4
Accounts receivable, net of allowance for doubtful accounts of $7.2 and $6.8	1,021.7	1,114.6
Inventories	4,822.4	4,293.1
Other current assets	242.8	175.6
Total current assets	6,178.8	5,679.7
Property and equipment, net	3,019.3	2,765.2
Operating lease right-of-use assets	2,505.9	2,405.5
Goodwill	2,405.7	2,234.9
Other indefinite-lived intangible assets	1,013.2	748.2
Equity method investments	1,849.6	1,774.9
Other long-term assets	92.9	63.1
Total assets	17,065.4	15,671.5
LIABILITIES AND EQUITY
Floor plan notes payable	2,660.6	2,255.6
Floor plan notes payable — non-trade	1,513.7	1,515.9
Accounts payable	926.7	866.9
Accrued expenses and other current liabilities	907.5	809.8
Current portion of long-term debt	745.8	209.7
Total current liabilities	6,754.3	5,657.9
Long-term debt	1,132.2	1,419.5
Long-term operating lease liabilities	2,436.6	2,336.0
Deferred tax liabilities	1,243.6	1,231.7
Other long-term liabilities	264.7	270.8
Total liabilities	11,831.4	10,915.9
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	7.0	0.0
Retained earnings	5,408.7	4,990.3
Accumulated other comprehensive income (loss)	(212.4)	(264.1)
Total Penske Automotive Group stockholders' equity	5,203.3	4,726.2
Non-controlling interest	30.7	29.4
Total equity	5,234.0	4,755.6
Total liabilities and equity	17,065.4	15,671.5
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