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Property, Plant, and Equipment
6 Months Ended
Jun. 30, 2019
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, 2019 and December 31, 2018.
 
June 30,
2019
 
December 31,
2018
 
(in millions)
Manufacturing/Corporate:
 
 
 
Land
$
25.5

 
$
24.2

Buildings and improvements
388.1

 
385.5

Machinery and other
529.9

 
537.2

Construction in progress
45.1

 
16.3

 
988.6

 
963.2

Less accumulated depreciation
(607.8
)
 
(592.3
)
 
380.8

 
370.9

Leasing:
 
 
 
Wholly-owned subsidiaries:
 
 
 
Machinery and other
13.8

 
13.5

Equipment on lease
6,568.2

 
5,934.8

 
6,582.0

 
5,948.3

Less accumulated depreciation
(1,031.9
)
 
(971.8
)
 
5,550.1

 
4,976.5

Partially-owned subsidiaries:
 
 
 
Equipment on lease
2,390.7

 
2,371.9

Less accumulated depreciation
(590.1
)
 
(557.2
)
 
1,800.6

 
1,814.7

 
 
 
 
Deferred profit on railcars sold to the Leasing Group
(1,078.8
)
 
(1,030.0
)
Less accumulated amortization
216.9

 
202.3

 
(861.9
)
 
(827.7
)
 
$
6,869.6

 
$
6,334.4