CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 165.2	$ 49.5
Accounts receivable, net of allowance for doubtful accounts of $5.3 and $5.5	913.3	806.9
Inventories	2,936.9	3,425.6
Other current assets	126.9	126.8
Total current assets	4,142.3	4,408.8
Property and equipment, net	2,410.0	2,404.4
Operating lease right-of-use assets	2,444.9	2,416.5
Goodwill	2,071.0	1,928.4
Other indefinite-lived intangible assets	605.5	563.4
Equity method investments	1,604.1	1,500.3
Other long-term assets	29.0	25.4
Total assets	13,306.8	13,247.2
LIABILITIES AND EQUITY
Floor plan notes payable	1,383.7	1,780.5
Floor plan notes payable - non-trade	1,182.0	1,363.8
Accounts payable	838.0	675.4
Accrued expenses and other current liabilities	916.8	767.2
Current portion of long-term debt	81.5	87.5
Liabilities held for sale	0.5	0.5
Total current liabilities	4,402.5	4,674.9
Long-term debt	1,436.3	1,602.1
Long-term operating lease liabilities	2,375.5	2,350.3
Deferred tax liabilities	978.0	873.1
Other long-term liabilities	351.8	420.7
Total liabilities	9,544.1	9,921.1
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	284.0	311.8
Retained earnings	3,602.5	3,151.3
Accumulated other comprehensive income (loss)	(147.8)	(160.6)
Total Penske Automotive Group stockholders' equity	3,738.7	3,302.5
Non-controlling interest	24.0	23.6
Total equity	3,762.7	3,326.1
Total liabilities and equity	13,306.8	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