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Property, Plant, and Equipment (Tables)
3 Months Ended
Mar. 31, 2017
Property, Plant and Equipment [Abstract]  
Components of property, plant, and equipment
The following table summarizes the components of property, plant, and equipment as of March 31, 2017 and December 31, 2016.
 
March 31,
2017
 
December 31,
2016
 
(in millions)
Manufacturing/Corporate:
 
 
 
Land
$
105.7

 
$
103.3

Buildings and improvements
647.7

 
642.6

Machinery and other
1,163.9

 
1,151.1

Construction in progress
38.5

 
39.1

 
1,955.8

 
1,936.1

Less accumulated depreciation
(999.8
)
 
(974.4
)
 
956.0

 
961.7

Leasing:
 
 
 
Wholly-owned subsidiaries:
 
 
 
Machinery and other
10.7

 
10.7

Equipment on lease
4,862.3

 
4,673.0

 
4,873.0

 
4,683.7

Less accumulated depreciation
(793.2
)
 
(760.1
)
 
4,079.8

 
3,923.6

Partially-owned subsidiaries:
 
 
 
Equipment on lease
2,309.2

 
2,309.4

Less accumulated depreciation
(445.3
)
 
(429.8
)
 
1,863.9

 
1,879.6

 
 
 
 
Deferred profit on railcars sold to the Leasing Group
(976.9
)
 
(948.2
)
Less accumulated amortization
157.3

 
150.1

 
(819.6
)
 
(798.1
)
 
$
6,080.1

 
$
5,966.8