Operating Assets and Facilities

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Operating Assets and Facilities

Operating Assets and Facilities

The following table shows the components of our operating assets and facilities (in millions):

	September 30 2025		December 31 2024
Railcars and locomotives	$	13,413.0	$	12,702.9
Aircraft spare engines	1,177.5		1,030.4
Tank containers	278.2		241.4
Buildings, leasehold improvements, and other equipment	288.0		265.3
Other	107.7		90.6
	$	15,264.4	$	14,330.6
Less: allowance for depreciation	(4,184.7)		(3,880.9)
Net operating assets and facilities	$	11,079.7	$	10,449.7

Total depreciation expense was $114.3 million and $334.6 million for the three and nine months ended September 30, 2025 and $108.0 million and $311.5 million for the three and nine months ended September 30, 2024.