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Property, Plant, and Equipment (Tables)
3 Months Ended
Mar. 31, 2020
Property, Plant and Equipment [Abstract]  
Components of property, plant, and equipment
The following table summarizes the components of property, plant, and equipment:
 
March 31, 2020
 
December 31, 2019
 
(in millions)
Manufacturing/Corporate:
 
 
 
Land
$
28.6

 
$
28.4

Buildings and improvements
400.9

 
402.2

Machinery and other
544.7

 
546.7

Construction in progress
71.3

 
63.1

 
1,045.5

 
1,040.4

Less accumulated depreciation
(641.2
)
 
(631.6
)
 
404.3

 
408.8

Leasing:
 
 
 
Wholly-owned subsidiaries:
 
 
 
Machinery and other
13.7

 
13.7

Equipment on lease
7,000.0

 
6,944.2

 
7,013.7

 
6,957.9

Less accumulated depreciation
(1,176.2
)
 
(1,139.0
)
 
5,837.5

 
5,818.9

Partially-owned subsidiaries:
 
 
 
Equipment on lease
2,415.0

 
2,410.0

Less accumulated depreciation
(638.4
)
 
(623.3
)
 
1,776.6

 
1,786.7

 
 
 
 
Deferred profit on railcars sold to the Leasing Group
(1,138.5
)
 
(1,135.8
)
Less accumulated amortization
238.8

 
232.0

 
(899.7
)
 
(903.8
)
 
$
7,118.7

 
$
7,110.6