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Revenue Earning Equipment (Tables)
12 Months Ended
Dec. 31, 2016
Property Subject to or Available for Operating Lease, Net [Abstract]  
Components of Revenue Earning Equipment
Revenue earning equipment consists of the following (in millions):
 
December 31, 2016
 
December 31, 2015
Revenue earning equipment
$
3,695.5

 
$
3,526.2

Less: Accumulated depreciation
(1,305.5
)
 
(1,143.7
)
Revenue earning equipment, net
$
2,390.0

 
$
2,382.5



The capitalized cost of refurbishing revenue earning equipment were as follows (in millions):
 
Years Ended December 31,
 
2016
 
2015
 
2014
Capitalized cost of refurbishments
$
6.5

 
$
40.1

 
$
45.5