Assets Held for Sale (Notes)

6 Months Ended

Jun. 30, 2017

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Assets Held for Sale

Assets Held for Sale

The following table summarizes our assets held for sale (in millions):

	June 30		December 31
	2017		2016
Rail North America	$	2.1	$	43.9
Portfolio Management	19.2		45.6
	$	21.3	$	89.5

In the first six months of 2017, we sold additional inland marine assets in the Portfolio Management segment with a carrying value of $26.4 million for proceeds of $28.2 million, resulting in a net gain of $1.8 million. At Rail North America, we sold certain railcars with a carrying value of $21.8 million for proceeds of $49.9 million, resulting in a net gain of $28.1 million. In addition, other railcars that were not sold with a carrying value of $19.7 million were reclassified out of assets held for sale and written down to their estimated fair value, resulting in the recognition of a $1.9 million impairment loss. All assets classified as held for sale at June 30 are expected to be sold in 2017.