CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 24.0	$ 62.4
Accounts receivable, net of allowance for doubtful accounts of $4.5 and $4.2	879.0	782.3
Inventories	3,408.2	3,463.5
Other current assets	102.0	85.6
Assets held for sale	8.3	12.7
Total current assets	4,421.5	4,406.5
Property and equipment, net	1,806.5	1,520.1
Goodwill	1,291.3	1,323.2
Other indefinite-lived intangible assets	420.1	408.0
Equity method investments	893.4	336.4
Other long-term assets	28.3	19.2
Total assets	8,861.1	8,013.4
LIABILITIES AND EQUITY
Floor plan notes payable	2,084.5	2,247.2
Floor plan notes payable - non-trade	1,233.3	1,132.4
Accounts payable	497.4	493.8
Accrued expenses	360.0	378.1
Current portion of long-term debt	48.3	28.0
Liabilities held for sale	6.1	6.2
Total current liabilities	4,229.6	4,285.7
Long-term debt	1,828.8	1,247.0
Deferred tax liabilities	592.7	433.4
Other long-term liabilities	430.5	212.4
Total liabilities	7,081.6	6,178.5
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
Common Stock
Additional paid-in-capital	497.1	656.0
Retained earnings	1,504.5	1,256.7
Accumulated other comprehensive income (loss)	(250.7)	(122.5)
Total Penske Automotive Group stockholders' equity	1,750.9	1,790.2
Non-controlling interest	28.6	44.7
Total equity	1,779.5	1,834.9
Total liabilities and equity	8,861.1	8,013.4
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock