XML 57 R35.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Leases [Abstract] |
Summary of net operating lease cost | The following table summarizes our net operating lease cost during the years ended December 31, 2023, 2022, and 2021:
| Year Ended December 31, 2023 |  | Year Ended December 31, 2022 |  | Year Ended December 31, 2021
Lease Cost |  |  |  |  |
Operating lease cost (1) | $ | 258.0 |  |  | $ | 254.3 |  |  | $ | 250.1 |
Sublease income | (17.0) |  |  | (17.9) |  |  | (22.4) |
Total lease cost | $ | 241.0 |  |  | $ | 236.4 |  |  | $ | 227.7 |
_________________ |  |  |  |  |
(1)Includes short-term leases and variable lease costs, which are immaterial.
Summary of supplemental cash flow information related to operating leases and weighted average remaining lease term and discount rate of leases | The following table summarizes supplemental cash flow information related to our operating leases:
| Year Ended December 31, 2023 |  | Year Ended December 31, 2022 |  | Year Ended December 31, 2021
Other Information |  |  |  |  |
Cash paid for amounts included in the measurement of lease liabilities |  |  |  |  |
Operating cash flows from operating leases | 258.1 |  |  | 248.5 |  |  | 249.6 |
Right-of-use assets modified or obtained in exchange for operating lease liabilities, net | 30.4 |  |  | 116.2 |  |  | 124.2 |
Supplemental balance sheet information related to the weighted average remaining lease term and discount rate of our leases is as follows:
| December 31, 2023 |  | December 31, 2022
Lease Term and Discount Rate |  |  |
Weighted-average remaining lease term - operating leases | 24 years |  | 25 years
Weighted-average discount rate - operating leases | 6.7% |  | 6.5%
Schedule of maturity of lease liabilities | The following table summarizes the maturity of our lease liabilities on an undiscounted cash flow basis and a reconciliation to the operating lease liabilities recognized on our consolidated balance sheet as of December 31, 2023:
Maturity of Lease Liabilities | December 31, 2023
2024 | $ | 246.2 |
2025 | 240.5 |
2026 | 234.8 |
2027 | 226.7 |
2028 | 221.4 |
2029 and thereafter | 4,127.3 |
Total future minimum lease payments | $ | 5,296.9 |
Less: Imputed interest | (2,873.0) |
Present value of future minimum lease payments | $ | 2,423.9 |
Current operating lease liabilities (1) | $ | 87.9 |
Long-term operating lease liabilities | 2,336.0 |
Total operating lease liabilities | $ | 2,423.9 |
____________________ |
(1)Included within "Accrued expenses and other current liabilities" on Consolidated Balance Sheet as of December 31, 2023.

X
- Definition Tabular disclosure of supplemental cash flow information related to our operating leases. + References No definition available. + Details
Name: | pag_SummaryOfSupplementalCashFlowInformationRelatedToOperatingLeasesTableTextBlock
Namespace Prefix: | pag_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration