CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 92.7	$ 28.1
Accounts receivable, net of allowance for doubtful accounts of $5.2 and $5.7	848.2	960.3
Inventories	3,209.7	4,260.7
Other current assets	198.8	85.0
Total current assets	4,349.4	5,334.1
Property and equipment, net	2,337.9	2,366.4
Operating lease right-of-use assets	2,378.7	2,360.5
Goodwill	1,901.1	1,911.0
Other indefinite-lived intangible assets	554.4	552.2
Equity method investments	1,465.7	1,399.0
Other long-term assets	22.5	19.5
Total assets	13,009.7	13,942.7
LIABILITIES AND EQUITY
Floor plan notes payable	1,484.0	2,412.5
Floor plan notes payable - non-trade	1,046.4	1,594.0
Accounts payable	717.2	638.8
Accrued expenses and other current liabilities	774.8	701.9
Current portion of long-term debt	85.6	103.3
Liabilities held for sale	0.5	0.5
Total current liabilities	4,108.5	5,451.0
Long-term debt	2,216.1	2,257.0
Long-term operating lease liabilities	2,319.3	2,301.2
Deferred tax liabilities	853.3	677.9
Other long-term liabilities	429.0	444.0
Total liabilities	9,926.2	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	301.2	320.4
Retained earnings	2,985.0	2,675.8
Accumulated other comprehensive income (loss)	(221.9)	(202.8)
Total Penske Automotive Group stockholders' equity	3,064.3	2,793.4
Non-controlling interest	19.2	18.2
Total equity	3,083.5	2,811.6
Total liabilities and equity	13,009.7	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