Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Interest rate hedges

Interest rate hedges

					Included in accompanying balance sheet at September 30, 2012
	Notional Amount		Interest Rate(1)		Liability		AOCL – loss/ (income)			Noncontrolling Interest
	(in millions, except %)
Expired hedges:
2006 secured railcar equipment notes	$	200.0	4.87	%	$	—	$	(2.0	)	$	—
Promissory notes	$	370.0	5.34	%	$	—	$	8.1		$	—
TRIP Holdings	$	788.5	3.60	%	$	—	$	20.8		$	15.6
Open hedges:
TRIP Master Funding secured railcar equipment notes	$	81.1	2.62	%	$	5.6	$	3.2		$	2.3
Promissory notes	$	451.7	4.13	%	$	41.9	$	40.5		$	—

⁽¹⁾  Weighted average fixed interest rate

Interest rate hedges effect on interest expense

	Effect on interest expense – increase/(decrease)
	Three Months Ended September 30,						Nine Months Ended September 30,						Expected effect during next twelve months(1)
	2012			2011			2012			2011
	(in millions)
Expired hedges:
2006 secured railcar equipment notes	$	(0.1	)	$	(0.1	)	$	(0.3	)	$	(0.3	)	$	(0.3	)
Promissory notes	$	0.8		$	0.9		$	2.5		$	2.7		$	3.2
TRIP Holdings	$	1.5		$	1.8		$	4.5		$	15.9		$	5.9
Open hedges:
TRIP Master Funding secured railcar equipment notes	$	0.5		$	0.5		$	1.5		$	0.5		$	1.8
Promissory notes	$	4.3		$	4.6		$	12.7		$	14.3		$	17.0

⁽¹⁾  Based on fair value as of September 30, 2012

Other Derivatives

Other Derivatives

	Effect on operating income – increase/(decrease)
	Three Months Ended September 30,					Nine Months Ended September 30,
	2012		2011			2012			2011
	(in millions)
Fuel hedges(1)
Effect of mark to market valuation	$	0.6	$	(0.2	)	$	0.6		$	0.0
Settlements	0.0		0.2			0.0			0.3
	$	0.6	$	—		$	0.6		$	0.3
Foreign exchange hedges(2)	$	—	$	0.6		$	(0.4	)	$	0.0

⁽¹⁾  Included in cost of revenues in the accompanying consolidated statement of operations

⁽²⁾  Included in other, net in the accompanying consolidated statement of operations