XML 75 R50.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Organization and Summary of Significant Accounting Policies (Details 2) $ in Millions | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2015 USD ($) item | Dec. 31, 2014 USD ($) | Dec. 31, 2013
Contracts in Transit |  |  |
Contracts in transit, included in accounts receivable | $ 261.7 | $ 264.8 |
Impairment Testing |  |  |
Number of reportable Segments | item | 3 |  |
Investments |  |  |
Net book value of investments | $ 336.4 | 352.8 |
Fair Value of Financial Instruments |  |  |
Debt instrument, Carrying Value | $ 1,284.3 | $ 1,353.2 |
Minimum |  |  |
Significant Accounting Policies |  |  |
Ownership interest in the voting stock of the affiliate (as a percent) | 20.00% |  |
Minimum | Property and equipment other than leasehold improvements |  |  |
Property and Equipment |  |  |
Useful life of property and equipment | 3 years |  |
Maximum |  |  |
Significant Accounting Policies |  |  |
Ownership interest in the voting stock of the affiliate (as a percent) | 50.00% |  |
Maximum | Property and equipment other than leasehold improvements |  |  |
Property and Equipment |  |  |
Useful life of property and equipment | 15 years |  |
Maximum | Leasehold improvements and equipment under capital lease |  |  |
Property and Equipment |  |  |
Useful life of property and equipment | 40 years |  |
5.75% Senior Subordinated Notes Due 2022 |  |  |
Significant Accounting Policies |  |  |
Interest rate (as a percent) | 5.75% | 5.75% |
Fair Value of Financial Instruments |  |  |
Debt instrument, Carrying Value | $ 550.0 | $ 550.0 |
5.75% Senior Subordinated Notes Due 2022 | Level 2 |  |  |
Fair Value of Financial Instruments |  |  |
Debt instrument, Carrying Value | 550.0 | 550.0 |
Debt instrument, Fair Value | $ 564.5 | $ 558.4 |
5.75% Senior Subordinated Notes Due 2022 | Penske Automotive Group |  |  |
Significant Accounting Policies |  |  |
Interest rate (as a percent) | 5.75% | 5.75% | 5.75%
5.375% Senior Subordinated Notes Due 2024 |  |  |
Significant Accounting Policies |  |  |
Interest rate (as a percent) | 5.375% | 5.375% |
Fair Value of Financial Instruments |  |  |
Debt instrument, Carrying Value | $ 300.0 | $ 300.0 |
5.375% Senior Subordinated Notes Due 2024 | Level 2 |  |  |
Fair Value of Financial Instruments |  |  |
Debt instrument, Carrying Value | 300.0 | 300.0 |
Debt instrument, Fair Value | $ 299.3 | $ 306.0 |
5.375% Senior Subordinated Notes Due 2024 | Penske Automotive Group |  |  |
Significant Accounting Policies |  |  |
Interest rate (as a percent) | 5.375% | 5.375% |
Mortgage Facilities |  |  |
Fair Value of Financial Instruments |  |  |
Debt instrument, Carrying Value | $ 165.8 | $ 169.7 |
Mortgage Facilities | Level 2 |  |  |
Fair Value of Financial Instruments |  |  |
Debt instrument, Carrying Value | 165.8 | 169.7 |
Debt instrument, Fair Value | $ 165.8 | $ 171.6 |

X
- Definition Represents amounts due from unaffiliated finance companies relating to the sale of customer installment sales and lease contracts arising in connection with the sale of a vehicle by the company. + References No definition available. + Details
Name: | pag_ContractsInTransit
Namespace Prefix: | pag_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | pag_SummaryOfSignificantAccountingPoliciesLineItems
Namespace Prefix: | pag_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AssetImpairmentChargesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ContractReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13476-108611 + Details
Name: | us-gaap_DebtInstrumentFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Contractual interest rate for funds borrowed, under the debt agreement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(a)(1)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_DebtInstrumentInterestRateStatedPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 + Details
Name: | us-gaap_EquityMethodInvestmentOwnershipPercentage
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35755396&loc=d3e33749-111570 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_EquityMethodInvestments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03.16) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 22 -Article 5 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. + References No definition available. + Details
Name: | us-gaap_NumberOfReportableSegments
Namespace Prefix: | us-gaap_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. + References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentUsefulLife
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=pag_PropertyPlantAndEquipmentOtherThanLeaseholdImprovementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LeaseholdsAndLeaseholdImprovementsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=pag_SeniorSubordinatedNotes5.75PercentDue2022Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=us-gaap_ParentCompanyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=pag_SeniorSubordinatedNotes5.375PercentDue2024Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_LongtermDebtTypeAxis=us-gaap_MortgagesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |