Property, Plant, and Equipment

6 Months Ended

Jun. 30, 2022

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, 2022		December 31, 2021
	(in millions)
Manufacturing/Corporate:
Land	$	16.3	$	17.4
Buildings and improvements	385.2		377.4
Machinery and other	410.9		415.1
Construction in progress	20.2		18.1
	832.6		828.0
Less: accumulated depreciation	(486.1)		(478.7)
	346.5		349.3
Leasing:
Wholly-owned subsidiaries:
Machinery and other	22.0		20.7
Equipment on lease	7,262.4		7,061.3
	7,284.4		7,082.0
Less: accumulated depreciation	(1,440.0)		(1,375.9)
	5,844.4		5,706.1
Partially-owned subsidiaries:
Equipment on lease	2,223.2		2,242.9
Less: accumulated depreciation	(688.4)		(672.3)
	1,534.8		1,570.6
Deferred profit on railcars sold to the Leasing Group	(1,062.0)		(1,047.3)
Less: accumulated amortization	280.4		268.2
	(781.6)		(779.1)
	$	6,944.1	$	6,846.9