Property, Plant, and Equipment

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Property, Plant, and Equipment

Property, Plant, and Equipment

The following table summarizes the components of property, plant, and equipment:

	June 30, 2021		December 31, 2020
	(in millions)
Manufacturing/Corporate:
Land	$	22.7	$	23.2
Buildings and improvements	437.5		428.6
Machinery and other	485.5		485.1
Construction in progress	24.5		42.5
	970.2		979.4
Less: accumulated depreciation	(576.5)		(577.9)
	393.7		401.5
Leasing:
Wholly-owned subsidiaries:
Machinery and other	19.4		19.5
Equipment on lease	7,154.8		7,010.6
	7,174.2		7,030.1
Less: accumulated depreciation	(1,320.5)		(1,234.2)
	5,853.7		5,795.9
Partially-owned subsidiaries:
Equipment on lease	2,255.6		2,248.2
Less: accumulated depreciation	(650.0)		(621.9)
	1,605.6		1,626.3
Deferred profit on railcars sold to the Leasing Group	(1,062.9)		(1,064.7)
Less: accumulated amortization	258.6		244.4
	(804.3)		(820.3)
	$	7,048.7	$	7,003.4