CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 94.6	$ 49.5
Accounts receivable, net of allowance for doubtful accounts of $5.5 and $5.5	861.5	806.9
Inventories	3,277.8	3,425.6
Other current assets	125.0	126.8
Total current assets	4,358.9	4,408.8
Property and equipment, net	2,372.7	2,404.4
Operating lease right-of-use assets	2,419.0	2,416.5
Goodwill	1,928.5	1,928.4
Other indefinite-lived intangible assets	561.6	563.4
Equity method investments	1,554.3	1,500.3
Other long-term assets	27.0	25.4
Total assets	13,222.0	13,247.2
LIABILITIES AND EQUITY
Floor plan notes payable	1,686.9	1,780.5
Floor plan notes payable - non-trade	1,334.7	1,363.8
Accounts payable	690.5	675.4
Accrued expenses and other current liabilities	788.1	767.2
Current portion of long-term debt	88.0	87.5
Liabilities held for sale	0.5	0.5
Total current liabilities	4,588.7	4,674.9
Long-term debt	1,492.5	1,602.1
Long-term operating lease liabilities	2,349.3	2,350.3
Deferred tax liabilities	918.2	873.1
Other long-term liabilities	388.6	420.7
Total liabilities	9,737.3	9,921.1
Commitments and contingent liabilities (Note 10)
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	318.4	311.8
Retained earnings	3,299.2	3,151.3
Accumulated other comprehensive income (loss)	(155.4)	(160.6)
Total Penske Automotive Group stockholders' equity	3,462.2	3,302.5
Non-controlling interest	22.5	23.6
Total equity	3,484.7	3,326.1
Total liabilities and equity	13,222.0	13,247.2
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock