Property, Plant, and Equipment

9 Months Ended

Sep. 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:

	September 30, 2022		December 31, 2021
	(in millions)
Manufacturing/Corporate:
Land	$	15.8	$	17.4
Buildings and improvements	385.0		377.4
Machinery and other	406.0		415.1
Construction in progress	15.9		18.1
	822.7		828.0
Less: accumulated depreciation	(481.1)		(478.7)
	341.6		349.3
Leasing:
Wholly-owned subsidiaries:
Machinery and other	21.6		20.7
Equipment on lease	7,223.5		7,061.3
	7,245.1		7,082.0
Less: accumulated depreciation	(1,452.0)		(1,375.9)
	5,793.1		5,706.1
Partially-owned subsidiaries:
Equipment on lease	2,234.5		2,242.9
Less: accumulated depreciation	(701.0)		(672.3)
	1,533.5		1,570.6
Deferred profit on railcars sold to the Leasing Group	(1,057.5)		(1,047.3)
Less: accumulated amortization	283.1		268.2
	(774.4)		(779.1)
	$	6,893.8	$	6,846.9