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Property, Plant, and Equipment
6 Months Ended
Jun. 30, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant, and Equipment
Property, Plant, and Equipment
The following table summarizes the components of property, plant, and equipment as of June 30, 2017 and December 31, 2016.
 
June 30,
2017
 
December 31,
2016
 
(in millions)
Manufacturing/Corporate:
 
 
 
Land
$
105.8

 
$
103.3

Buildings and improvements
654.4

 
642.6

Machinery and other
1,176.1

 
1,151.1

Construction in progress
40.1

 
39.1

 
1,976.4

 
1,936.1

Less accumulated depreciation
(1,023.3
)
 
(974.4
)
 
953.1

 
961.7

Leasing:
 
 
 
Wholly-owned subsidiaries:
 
 
 
Machinery and other
10.7

 
10.7

Equipment on lease
4,885.4

 
4,673.0

 
4,896.1

 
4,683.7

Less accumulated depreciation
(819.0
)
 
(760.1
)
 
4,077.1

 
3,923.6

Partially-owned subsidiaries:
 
 
 
Equipment on lease
2,311.4

 
2,309.4

Less accumulated depreciation
(461.3
)
 
(429.8
)
 
1,850.1

 
1,879.6

 
 
 
 
Deferred profit on railcars sold to the Leasing Group
(970.4
)
 
(948.2
)
Less accumulated amortization
163.3

 
150.1

 
(807.1
)
 
(798.1
)
 
$
6,073.2

 
$
5,966.8