Property, Plant, and Equipment (Tables)

9 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

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

	September 30, 2025		December 31, 2024
	(in millions)
Railcars in our lease fleet:
Wholly-owned subsidiaries:
Equipment on lease	$	8,082.3	$	7,715.0
Less: accumulated depreciation	(1,905.3)		(1,766.9)
	6,177.0		5,948.1
Partially-owned subsidiaries:
Equipment on lease	2,240.8		2,233.1
Less: accumulated depreciation	(860.7)		(817.1)
	1,380.1		1,416.0
Deferred profit on railcar products sold (1)	(1,084.8)		(1,069.8)
Less: accumulated amortization	360.1		337.3
	(724.7)		(732.5)
Total railcars in our lease fleet	6,832.4		6,631.6
Operating and administrative assets:
Land	16.1		16.3
Buildings and improvements	406.3		403.2
Machinery and other	435.8		441.8
Construction in progress	27.9		11.5
	886.1		872.8
Less: accumulated depreciation	(529.0)		(516.3)
Total operating and administrative assets	357.1		356.5
Total property, plant, and equipment, net	$	7,189.5	$	6,988.1

(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.