CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 159.3	$ 28.1
Accounts receivable, net of allowance for doubtful accounts of $5.6 and $5.7	756.6	960.3
Inventories	3,425.9	4,260.7
Other current assets	76.6	85.0
Total current assets	4,418.4	5,334.1
Property and equipment, net	2,293.7	2,366.4
Operating lease right-of-use assets	2,311.1	2,360.5
Goodwill	1,878.1	1,911.0
Other indefinite-lived intangible assets	545.6	552.2
Equity method investments	1,409.5	1,399.0
Other long-term assets	19.7	19.5
Total assets	12,876.1	13,942.7
LIABILITIES AND EQUITY
Floor plan notes payable	1,957.4	2,412.5
Floor plan notes payable - non-trade	1,284.1	1,594.0
Accounts payable	679.4	638.8
Accrued expenses and other current liabilities	684.8	701.9
Current portion of long-term debt	83.3	103.3
Liabilities held for sale	0.5	0.5
Total current liabilities	4,689.5	5,451.0
Long-term debt	2,054.1	2,257.0
Long-term operating lease liabilities	2,252.6	2,301.2
Deferred tax liabilities	689.2	677.9
Other long-term liabilities	413.1	444.0
Total liabilities	10,098.5	11,131.1
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	296.3	320.4
Retained earnings	2,738.4	2,675.8
Accumulated other comprehensive income (loss)	(274.8)	(202.8)
Total Penske Automotive Group stockholders' equity	2,759.9	2,793.4
Non-controlling interest	17.7	18.2
Total equity	2,777.6	2,811.6
Total liabilities and equity	12,876.1	13,942.7
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock