Property, Plant, and Equipment (Tables)

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

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

	March 31, 2024		December 31, 2023
	(in millions)
Railcars in our lease fleet:
Wholly-owned subsidiaries:
Equipment on lease	$	7,657.7	$	7,536.7
Less: accumulated depreciation	(1,655.1)		(1,604.9)
	6,002.6		5,931.8
Partially-owned subsidiaries:
Equipment on lease	2,235.7		2,236.6
Less: accumulated depreciation	(777.7)		(763.4)
	1,458.0		1,473.2
Deferred profit on railcar products sold (1)	(1,061.7)		(1,061.3)
Less: accumulated amortization	318.6		311.1
	(743.1)		(750.2)
Total railcars in our lease fleet	6,717.5		6,654.8
Operating and administrative assets:
Land	16.4		16.1
Buildings and improvements	380.1		380.4
Machinery and other	421.8		419.8
Construction in progress	8.2		11.3
	826.5		827.6
Less: accumulated depreciation	(484.4)		(477.6)
Total operating and administrative assets	342.1		350.0
Total property, plant, and equipment, net	$	7,059.6	$	7,004.8

(1) Includes deferred profit related to new railcar additions, sustainable railcar conversions, railcar modifications, and other betterments. The deferred profit is subsequently eliminated in consolidation.