Note 7. Property, Plant, and Equipment Property, Plant, and Equipment (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Line Items]

Property, Plant and Equipment [Table Text Block]

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

	December 31, 2024		December 31, 2023
	(in millions)
Railcars in our lease fleet:
Wholly-owned subsidiaries:
Equipment on lease	$	7,715.0	$	7,536.7
Less: accumulated depreciation	(1,766.9)		(1,604.9)
	5,948.1		5,931.8
Partially-owned subsidiaries:
Equipment on lease	2,233.1		2,236.6
Less: accumulated depreciation	(817.1)		(763.4)
	1,416.0		1,473.2
Deferred profit on railcar products sold (1)	(1,069.8)		(1,061.3)
Less: accumulated amortization	337.3		311.1
	(732.5)		(750.2)
Total railcars in our lease fleet	6,631.6		6,654.8
Operating and administrative assets:
Land	16.3		16.1
Buildings and improvements	403.2		380.4
Machinery and other	441.8		419.8
Construction in progress	11.5		11.3
	872.8		827.6
Less: accumulated depreciation	(516.3)		(477.6)
Total operating and administrative assets	356.5		350.0
Total property, plant, and equipment, net	$	6,988.1	$	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.