CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 45.6	$ 62.4
Accounts receivable, net of allowance for doubtful accounts of $4.0 and $4.2	835.6	782.3
Inventories	3,513.4	3,463.5
Other current assets	101.5	85.6
Assets held for sale	9.8	13.1
Total current assets	4,505.9	4,406.9
Property and equipment, net	1,545.8	1,520.1
Goodwill	1,325.6	1,322.8
Other indefinite-lived intangible assets	409.2	408.0
Equity method investments	366.6	336.4
Other long-term assets	19.8	19.2
Total assets	8,172.9	8,013.4
LIABILITIES AND EQUITY
Floor plan notes payable	2,262.5	2,247.2
Floor plan notes payable - non-trade	1,187.3	1,132.4
Accounts payable	541.5	493.8
Accrued expenses	388.0	378.1
Current portion of long-term debt	54.5	28.0
Liabilities held for sale	5.1	6.2
Total current liabilities	4,438.9	4,285.7
Long-term debt	1,330.1	1,247.0
Deferred tax liabilities	437.8	433.4
Other long-term liabilities	242.1	212.4
Total liabilities	$ 6,448.9	$ 6,178.5
Commitments and contingent liabilities (Note 9)
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	$ 491.6	$ 656.0
Retained earnings	1,312.7	1,256.7
Accumulated other comprehensive income (loss)	(122.7)	(122.5)
Total Penske Automotive Group stockholders' equity	1,681.6	1,790.2
Non-controlling interest	42.4	44.7
Total equity	1,724.0	1,834.9
Total liabilities and equity	$ 8,172.9	$ 8,013.4
Non-voting Common Stock
Penske Automotive Group stockholders' equity:
Common Stock
Class C Common Stock
Penske Automotive Group stockholders' equity:
Common Stock