CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 39.4	$ 45.7
Accounts receivable, net of allowance for doubtful accounts of $5.4 and $5.5	929.1	954.9
Inventories	4,040.1	3,944.1
Other current assets	86.6	81.8
Total current assets	5,095.2	5,026.5
Property and equipment, net	2,250.0	2,108.6
Goodwill	1,752.0	1,660.5
Other indefinite-lived intangible assets	486.2	474.0
Equity method investments	1,305.2	1,256.6
Other long-term assets	15.9	14.4
Total assets	10,904.5	10,540.6
LIABILITIES AND EQUITY
Floor plan notes payable	2,362.2	2,343.2
Floor plan notes payable - non-trade	1,428.6	1,418.6
Accounts payable	598.2	641.6
Accrued expenses	566.6	523.5
Current portion of long-term debt	92.0	72.8
Liabilities held for sale	0.7	0.7
Total current liabilities	5,048.3	5,000.4
Long-term debt	2,124.7	2,090.4
Deferred tax liabilities	577.8	481.5
Other long-term liabilities	519.0	540.3
Total liabilities	8,269.8	8,112.6
Commitments and contingent liabilities (Note 12)
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	477.8	532.3
Retained earnings	2,365.8	2,009.4
Accumulated other comprehensive income (loss)	(234.5)	(146.5)
Total Penske Automotive Group stockholders' equity	2,609.1	2,395.2
Non-controlling interest	25.6	32.8
Total equity	2,634.7	2,428.0
Total liabilities and equity	10,904.5	10,540.6
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock