XML 28 R65.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Equity Method Investees (Details) - USD ($)
$ in Millions
1 Months Ended 12 Months Ended
Sep. 07, 2017
Dec. 31, 2017
Sep. 30, 2017
May 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Equity Method Investment              
Equity Method Investments         $ 1,399.0 $ 1,305.2  
Equity in earnings of affiliates         147.5 134.8 $ 107.6
Condensed income statement information              
Revenues         9,682.2 9,013.7 7,680.8
Gross profit         2,007.0 2,011.7 1,792.4
Net income         509.8 458.7 $ 416.1
Condensed balance sheet information              
Current assets         1,481.9 1,467.5  
Noncurrent assets         14,767.3 13,360.8  
Total assets         16,249.2 14,828.3  
Current liabilities         1,281.8 1,880.1  
Noncurrent liabilities         11,679.1 9,976.1  
Equity         3,288.3 2,972.1  
Total liabilities and equity         16,249.2 14,828.3  
PTL              
Equity Method Investment              
Equity Method Investments         $ 1,323.2 $ 1,237.4  
The Nix Group              
Equity Method Investment              
Ownership percentage of equity method investment         50.00%    
Ibericar Keldinich SL              
Equity Method Investment              
Ownership percentage of equity method investment         50.00%    
Nicole Group              
Equity Method Investment              
Ownership percentage of equity method investment         49.00%    
Penske Commercial Leasing Australia              
Equity Method Investment              
Ownership percentage of equity method investment         28.00%    
Ownership interest sold (as a percent)     5.00%        
Dealerships in Edison, New Jersey              
Equity Method Investment              
Ownership percentage of equity method investment         20.00%    
Penske Vehicle Services              
Equity Method Investment              
Ownership interest sold (as a percent)   31.00%          
National Powersport Auctions              
Equity Method Investment              
Ownership interest sold (as a percent)       7.00%      
PTL              
Equity Method Investment              
Ownership acquired (as a percent) 5.50%            
Ownership interest in Penske Truck Leasing Co (as a percent)         28.90%    
German Automotive Dealership Group              
Equity Method Investment              
Ownership acquired (as a percent)         12.40%    
Ownership interest (as a percent)         91.80%