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Property, Plant, and Equipment (Tables)
3 Months Ended
Mar. 31, 2019
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, 2019 and December 31, 2018.
 
March 31,
2019
 
December 31,
2018
 
(in millions)
Manufacturing/Corporate:
 
 
 
Land
$
24.2

 
$
24.2

Buildings and improvements
388.4

 
385.5

Machinery and other
538.2

 
537.2

Construction in progress
21.9

 
16.3

 
972.7

 
963.2

Less accumulated depreciation
(602.9
)
 
(592.3
)
 
369.8

 
370.9

Leasing:
 
 
 
Wholly-owned subsidiaries:
 
 
 
Machinery and other
13.8

 
13.5

Equipment on lease
6,401.6

 
5,934.8

 
6,415.4

 
5,948.3

Less accumulated depreciation
(1,009.2
)
 
(971.8
)
 
5,406.2

 
4,976.5

Partially-owned subsidiaries:
 
 
 
Equipment on lease
2,384.0

 
2,371.9

Less accumulated depreciation
(573.7
)
 
(557.2
)
 
1,810.3

 
1,814.7

 
 
 
 
Deferred profit on railcars sold to the Leasing Group
(1,048.9
)
 
(1,030.0
)
Less accumulated amortization
209.4

 
202.3

 
(839.5
)
 
(827.7
)
 
$
6,746.8

 
$
6,334.4