CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating Activities:
Net income	$ 263.7	$ 259.1
Adjustments to reconcile net income to net cash from continuing operating activities:
Depreciation	66.8	57.7
Earnings of equity method investments	(37.3)	(22.9)
Loss from discontinued operations, net of tax	1.1	1.1
Deferred income taxes	96.4	(9.9)
Changes in operating assets and liabilities:
Accounts receivable	(67.1)	(16.6)
Inventories	246.6	(180.4)
Floor plan notes payable	(174.1)	209.5
Accounts payable and accrued expenses	15.5	60.3
Other	45.6	15.5
Net cash provided by continuing operating activities	457.2	373.4
Investing Activities:
Purchase of equipment and improvements	(171.7)	(151.1)
Acquisition of additional ownership interest in Penske Truck Leasing	(498.5)
Acquisitions net, including repayment of sellers’ floor plan notes payable of $59.1 and $41.2, respectively	(106.0)	(85.4)
Other	(9.5)	0.2
Net cash used in continuing investing activities	(785.7)	(236.3)
Financing Activities:
Proceeds from borrowings under U.S. credit agreement revolving credit line	1,172.5	1,060.4
Repayments under U.S. credit agreement revolving credit line	(1,127.5)	(982.4)
Repayment of U.S. credit agreement term loan		(88.0)
Repayment of U.S. commercial truck capital loan		(60.5)
Issuance of 5.50% senior subordinated notes	500.0
Net borrowings (repayments) of other long-term debt	74.3	(95.2)
Net borrowings of floor plan notes payable — non-trade	12.8	94.6
Payment of debt issuance costs	(6.7)	(1.8)
Repurchases of common stock	(173.6)	(22.0)
Dividends	(70.3)	(62.3)
Other	(9.7)	(5.9)
Net cash provided by (used in) continuing financing activities	371.8	(163.1)
Discontinued operations:
Net cash provided by (used in) discontinued operating activities	1.3	(2.8)
Net cash provided by discontinued investing activities	1.7	129.6
Net cash used in discontinued financing activities		(87.1)
Net cash provided by discontinued operations	3.0	39.7
Effect of exchange rate changes on cash and cash equivalents	(19.3)	(0.3)
Net change in cash and cash equivalents	27.0	13.4
Cash and cash equivalents, beginning of period	62.4	36.3
Cash and cash equivalents, end of period	89.4	49.7
Cash paid for:
Interest	76.2	67.8
Income taxes	$ 37.2	100.3
Seller financed/assumed debt		$ 2.6