Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2015		Sep. 30, 2014
Operating activities:
Net income	$ 622.0		$ 563.0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	197.9		171.5
Stock-based compensation expense	46.3		38.1
Excess tax benefits from stock-based compensation	(13.1)		(24.2)
Expense (benefit) for deferred income taxes	13.8		(61.2)
Net gains on railcar lease fleet sales owned more than one year at the time of sale	(102.8)		(90.2)
Gains on dispositions of property	(11.8)		(13.2)
Non-cash interest expense	23.0		22.4
Other	(1.1)		(3.6)
Changes in assets and liabilities:
(Increase) decrease in receivables	(43.9)		(155.5)
(Increase) decrease in inventories	50.7		(226.3)
(Increase) decrease in restricted cash	(9.4)		25.0
(Increase) decrease in other assets	(16.1)		(34.2)
Increase (decrease) in accounts payable	(0.8)		89.0
Increase (decrease) in accrued liabilities	(128.7)		28.7
Increase (decrease) in other liabilities	4.3		3.3
Net cash provided (required) by operating activities	630.3		332.6
Investing activities:
(Increase) decrease in short-term marketable securities	75.0		149.7
Proceeds from dispositions of property	6.1		21.9
Proceeds from railcar lease fleet sales owned more than one year at the time of sale	313.4		257.4
Capital expenditures – leasing, net of sold lease fleet railcars owned one year or less with a net cost of $150.0 and $295.4	(642.2)		(170.4)
Capital expenditures – manufacturing and other	(145.1)		(170.0)
Acquisitions, net of cash acquired	(46.2)		(711.8)
Divestitures	51.3		0.0
Other	4.8		2.0
Net cash provided (required) by investing activities	(382.9)		(621.2)
Financing activities:
Proceeds from issuance of common stock, net	0.2		0.6
Excess tax benefits from stock-based compensation	13.1		24.2
Payments to retire debt	(530.8)		(140.2)
Proceeds from issuance of debt	242.4		727.4
(Increase) decrease in restricted cash	32.3		(2.2)
Shares repurchased	(107.5)		(36.5)
Dividends paid to common shareholders	(48.0)		(38.7)
Purchase of shares to satisfy employee tax on vested stock	(27.4)		(38.5)
Contributions from noncontrolling interest	0.0		49.6
Distributions to noncontrolling interest	(30.4)		(19.3)
Other	(1.4)		(2.6)
Net cash provided (required) by financing activities	(457.5)		523.8
Net (decrease) increase in cash and cash equivalents	(210.1)		235.2
Cash and cash equivalents at beginning of period	887.9		428.5
Cash and cash equivalents at end of period	$ 677.8	[1]	$ 663.7

[1] (unaudited)