Property, Plant, and Equipment

9 Months Ended

Sep. 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:

	September 30, 2023		December 31, 2022
	(in millions)
Manufacturing/Corporate:
Land	$	16.2	$	15.7
Buildings and improvements	374.8		384.6
Machinery and other	388.6		405.5
Construction in progress	13.9		18.1
	793.5		823.9
Less: accumulated depreciation	(450.0)		(483.2)
	343.5		340.7
Leasing:
Wholly-owned subsidiaries:
Machinery and other	25.9		21.7
Equipment on lease	7,484.2		7,247.3
	7,510.1		7,269.0
Less: accumulated depreciation	(1,594.4)		(1,480.9)
	5,915.7		5,788.1
Partially-owned subsidiaries:
Equipment on lease	2,242.3		2,230.4
Less: accumulated depreciation	(751.6)		(709.1)
	1,490.7		1,521.3
Deferred profit on railcars sold to the Leasing Group	(1,063.5)		(1,050.7)
Less: accumulated amortization	304.8		287.4
	(758.7)		(763.3)
	$	6,991.2	$	6,886.8