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Property, Plant, and Equipment (Tables)
6 Months Ended
Jun. 30, 2016
Property, Plant and Equipment [Abstract]  
Components of property, plant, and equipment
The following table summarizes the components of property, plant, and equipment as of June 30, 2016 and December 31, 2015.
 
June 30,
2016
 
December 31,
2015
 
(in millions)
Manufacturing/Corporate:
 
 
 
Land
$
105.4

 
$
86.5

Buildings and improvements
634.5

 
610.4

Machinery and other
1,127.6

 
1,095.9

Construction in progress
43.5

 
68.7

 
1,911.0

 
1,861.5

Less accumulated depreciation
(942.3
)
 
(905.4
)
 
968.7

 
956.1

Leasing:
 
 
 
Wholly-owned subsidiaries:
 
 
 
Machinery and other
10.7

 
10.7

Equipment on lease
4,162.3

 
3,763.5

 
4,173.0

 
3,774.2

Less accumulated depreciation
(697.7
)
 
(647.9
)
 
3,475.3

 
3,126.3

Partially-owned subsidiaries:
 
 
 
Equipment on lease
2,308.5

 
2,307.7

Less accumulated depreciation
(400.4
)
 
(369.1
)
 
1,908.1

 
1,938.6

 
 
 
 
Net deferred profit on railcars sold to the Leasing Group
(745.5
)
 
(673.0
)
 
$
5,606.6

 
$
5,348.0