XML 71 R47.htm IDEA: XBRL DOCUMENT v3.20.4
Organization and Summary of Significant Accounting Policies - Prop and Equip, Contracts, Impairment, Investments (Details)
$ in Millions
12 Months Ended
Jan. 01, 2018
Dec. 22, 2017
Dec. 31, 2020
USD ($)
item
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Contracts in Transit          
Contracts in transit, included in accounts receivable     $ 254.0 $ 291.1  
Income Taxes          
Corporate tax rate (as a percent) 21.00% 35.00%      
Impairment Testing          
Number of reportable segments | item     4    
Goodwill     $ 1,928.4 1,911.0 $ 1,752.0
Investments          
Net book value of investments     1,500.3 1,399.0  
PTL          
Investments          
Net book value of investments     $ 1,419.2 1,323.2  
PTL          
Investments          
Ownership interest in Penske Truck Leasing Co (as a percent)     28.90%    
Leasehold improvements and equipment under capital lease          
Property and Equipment          
Useful life of property and equipment     40 years    
Minimum | Property and equipment other than leasehold improvements          
Property and Equipment          
Useful life of property and equipment     3 years    
Maximum | Property and equipment other than leasehold improvements          
Property and Equipment          
Useful life of property and equipment     15 years    
Retail Automotive Dealership          
Impairment Testing          
Number of reportable segments | item     1    
Number of operating segments and reporting units for the purpose of goodwill impairment testing | item     6    
Goodwill     $ 1,534.8 1,524.8 1,511.9
Retail Commercial Truck Dealership          
Impairment Testing          
Number of operating segments and reporting units for the purpose of goodwill impairment testing | item     1    
Goodwill     $ 309.4 309.0 $ 162.6
Non-Automotive Investments          
Impairment Testing          
Goodwill     $ 0.0 $ 0.0