CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and cash equivalents	$ 28.1	$ 39.4
Accounts receivable, net of allowance for doubtful accounts of $5.7 and $5.4	960.3	929.1
Inventories	4,260.7	4,040.1
Other current assets	85.0	86.6
Total current assets	5,334.1	5,095.2
Property and equipment, net	2,366.4	2,250.0
Operating lease right-of-use assets	2,360.5
Goodwill	1,911.0	1,752.0
Other indefinite-lived intangible assets	552.2	486.2
Equity method investments	1,399.0	1,305.2
Other long-term assets	19.5	15.9
Total assets	13,942.7	10,904.5
LIABILITIES AND EQUITY
Floor plan notes payable	2,412.5	2,362.2
Floor plan notes payable - non-trade	1,594.0	1,428.6
Accounts payable	638.8	598.2
Accrued expenses and other current liabilities	701.9	566.6
Current portion of long-term debt	103.3	92.0
Liabilities held for sale	0.5	0.7
Total current liabilities	5,451.0	5,048.3
Long-term debt	2,257.0	2,124.7
Long-term operating lease liabilities	2,301.2
Deferred tax liabilities	677.9	577.8
Other long-term liabilities	444.0	519.0
Total liabilities	11,131.1	8,269.8
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	320.4	477.8
Retained earnings	2,675.8	2,365.8
Accumulated other comprehensive income (loss)	(202.8)	(234.5)
Total Penske Automotive Group stockholders' equity	2,793.4	2,609.1
Non-controlling interest	18.2	25.6
Total equity	2,811.6	2,634.7
Total liabilities and equity	13,942.7	10,904.5
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock