CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 72.2	$ 24.0
Accounts receivable, net of allowance for doubtful accounts of $4.4 and $4.5	852.2	879.0
Inventories	3,565.8	3,408.2
Other current assets	99.3	73.9
Assets held for sale		8.4
Total current assets	4,589.5	4,393.5
Property and equipment, net	1,874.7	1,806.5
Goodwill	1,538.4	1,291.2
Other indefinite-lived intangible assets	447.0	420.1
Equity method investments	906.8	893.4
Other long-term assets	39.0	28.3
Total assets	9,395.4	8,833.0
LIABILITIES AND EQUITY
Floor plan notes payable	2,104.8	2,084.5
Floor plan notes payable - non-trade	1,296.4	1,233.3
Accounts payable	555.9	497.4
Accrued expenses	413.9	360.0
Current portion of long-term debt	48.4	48.3
Liabilities held for sale	0.8	6.1
Total current liabilities	4,420.2	4,229.6
Long-term debt	1,989.0	1,828.8
Deferred tax liabilities	608.6	564.6
Other long-term liabilities	480.7	430.5
Total liabilities	7,498.5	7,053.5
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	531.2	497.1
Retained earnings	1,561.5	1,504.5
Accumulated other comprehensive income (loss)	(225.0)	(250.7)
Total Penske Automotive Group stockholders' equity	1,867.7	1,750.9
Non-controlling interest	29.2	28.6
Total equity	1,896.9	1,779.5
Total liabilities and equity	9,395.4	8,833.0
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock