CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 62.4	$ 36.3
Accounts receivable, net of allowance for doubtful accounts of $4.2 and $3.5	782.3	707.1
Inventories	3,463.5	2,836.4
Other current assets	86.8	124.8
Assets held for sale	13.1	155.6
Total current assets	4,408.1	3,860.2
Property and equipment, net	1,520.1	1,331.6
Goodwill	1,322.8	1,270.4
Other indefinite-lived intangible assets	408.0	386.6
Equity method investments	336.4	352.8
Other long-term assets	27.3	26.6
Total assets	8,022.7	7,228.2
LIABILITIES AND EQUITY
Floor plan notes payable	2,247.2	1,812.6
Floor plan notes payable - non-trade	1,132.4	933.8
Accounts payable	493.8	422.5
Accrued expenses	378.1	316.0
Current portion of long-term debt	29.2	37.2
Liabilities held for sale	6.2	108.2
Total current liabilities	4,286.9	3,630.3
Long-term debt	1,255.1	1,316.0
Deferred tax liabilities	433.4	409.9
Other long-term liabilities	212.4	190.8
Total liabilities	$ 6,187.8	$ 5,547.0
Commitments and contingent liabilities (Note 9)
Penske Automotive Group stockholders' equity:
Preferred Stock, $0.0001 par value; 100,000 shares authorized; none issued and outstanding
Common Stock
Additional paid-in-capital	$ 656.0	$ 690.7
Retained earnings	1,256.7	1,015.4
Accumulated other comprehensive income (loss)	(122.5)	(53.3)
Total Penske Automotive Group stockholders' equity	1,790.2	1,652.8
Non-controlling interest	44.7	28.4
Total equity	1,834.9	1,681.2
Total liabilities and equity	$ 8,022.7	$ 7,228.2
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock