Property, Plant, and Equipment

6 Months Ended

Jun. 30, 2023

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, 2023		December 31, 2022
	(in millions)
Manufacturing/Corporate:
Land	$	16.2	$	15.7
Buildings and improvements	368.9		384.6
Machinery and other	389.0		405.5
Construction in progress	18.4		18.1
	792.5		823.9
Less: accumulated depreciation	(445.5)		(483.2)
	347.0		340.7
Leasing:
Wholly-owned subsidiaries:
Machinery and other	25.6		21.7
Equipment on lease	7,466.4		7,247.3
	7,492.0		7,269.0
Less: accumulated depreciation	(1,546.8)		(1,480.9)
	5,945.2		5,788.1
Partially-owned subsidiaries:
Equipment on lease	2,238.2		2,230.4
Less: accumulated depreciation	(737.4)		(709.1)
	1,500.8		1,521.3
Deferred profit on railcars sold to the Leasing Group	(1,061.1)		(1,050.7)
Less: accumulated amortization	297.3		287.4
	(763.8)		(763.3)
	$	7,029.2	$	6,886.8