CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 72.4	$ 96.4
Accounts receivable, net of allowance for doubtful accounts of $6.3 and $6.8	1,002.1	1,114.6
Inventories	4,640.2	4,293.1
Other current assets	213.1	175.6
Total current assets	5,927.8	5,679.7
Property and equipment, net	3,006.2	2,765.2
Operating lease right-of-use assets	2,467.2	2,405.5
Goodwill	2,371.3	2,234.9
Other indefinite-lived intangible assets	1,011.6	748.2
Equity method investments	1,827.0	1,774.9
Other long-term assets	109.8	63.1
Total assets	16,720.9	15,671.5
LIABILITIES AND EQUITY
Floor plan notes payable	2,535.8	2,255.6
Floor plan notes payable — non-trade	1,488.2	1,515.9
Accounts payable	851.7	866.9
Accrued expenses and other current liabilities	889.0	809.8
Current portion of long-term debt	721.2	209.7
Total current liabilities	6,485.9	5,657.9
Long-term debt	1,130.8	1,419.5
Long-term operating lease liabilities	2,392.6	2,336.0
Deferred tax liabilities	1,231.0	1,231.7
Other long-term liabilities	253.3	270.8
Total liabilities	11,493.6	10,915.9
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	9.1	0.0
Retained earnings	5,565.2	4,990.3
Accumulated other comprehensive loss	(364.5)	(264.1)
Total Penske Automotive Group stockholders' equity	5,209.8	4,726.2
Non-controlling interest	17.5	29.4
Total equity	5,227.3	4,755.6
Total liabilities and equity	16,720.9	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