Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company reports operating results in five principal business segments: (1) the Rail Group, which manufactures and sells railcars and related parts and components; (2) the Construction Products Group, which manufactures and sells highway products and other steel products for infrastructure-related projects and produces aggregates; (3) the Inland Barge Group, which manufactures and sells barges and related products for inland waterway services; (4) the Energy Equipment Group, which manufactures and sells products for energy related businesses, including structural wind towers, containers, and tank heads for pressure and non-pressure vessels, and utility, traffic, and lighting structures; and (5) the Railcar Leasing and Management Services Group (“Leasing Group”), which owns and operates a fleet of railcars as well as provides third-party fleet management, maintenance, and leasing services. The segment All Other includes our captive insurance and transportation companies; legal, environmental, and maintenance costs associated with non-operating facilities; other peripheral businesses; and the change in market valuation related to ineffective commodity hedges. Gains and losses from the sale of property, plant, and equipment that are related to manufacturing and dedicated to the specific manufacturing operations of a particular segment are included in operating profit of that respective segment. Gains and losses from the sale of property, plant, and equipment that can be utilized by multiple segments are included in operating profit of the All Other segment.

As discussed in Note 2, Acquisitions and Divestitures, the Company sold its remaining ready-mix concrete operations that have historically been a component of the Construction Products Group. The divestiture of our ready-mix concrete operations has been accounted for and reported as a discontinued operation and, accordingly, historical segment information previously reported has been adjusted to exclude the discontinued operations from the Construction Products Group.

Sales and related net profits from the Rail Group to the Leasing Group are recorded in the Rail Group and eliminated in consolidation. Sales between these groups are recorded at prices comparable to those charged to external customers, taking into consideration quantity, features, and production demand. Amortization of deferred profit on railcars sold to the Leasing Group is included in the operating profits of the Leasing Group. Sales of railcars from the lease fleet are included in the Leasing Group.

The financial information from continuing operations for these segments is shown in the tables below. We operate principally in North America.

Three Months EndedMarch 31, 2013

	Revenues								Operating Profit (Loss)
	External		Intersegment			Total
	(in millions)
Rail Group	$	423.6	$	201.9		$	625.5		$	102.9
Construction Products Group	98.0		5.8			103.8			7.7
Inland Barge Group	147.4		—			147.4			24.3
Energy Equipment Group	128.5		26.2			154.7			14.9
Railcar Leasing and Management Services Group	134.4		—			134.4			61.6
All Other	1.0		18.3			19.3			(2.6		)
Corporate	—		—			—			(16.6		)
Eliminations – Lease subsidiary	—		(198.0		)	(198.0		)	(32.4		)
Eliminations – Other	—		(54.2		)	(54.2		)	(0.3		)
Consolidated Total	$	932.9	$	—		$	932.9		$	159.5

Three Months EndedMarch 31, 2012

	Revenues								Operating Profit (Loss)
	External		Intersegment			Total
	(in millions)
Rail Group	$	341.2	$	125.9		$	467.1		$	40.1
Construction Products Group	120.5		5.4			125.9			11.1
Inland Barge Group	169.4		—			169.4			30.0
Energy Equipment Group	120.1		4.9			125.0			(3.8		)
Railcar Leasing and Management Services Group	142.1		0.2			142.3			66.5
All Other	2.9		12.8			15.7			1.2
Corporate	—		—			—			(11.6		)
Eliminations – Lease subsidiary	—		(122.6		)	(122.6		)	(10.9		)
Eliminations – Other	—		(26.6		)	(26.6		)	0.1
Consolidated Total	$	896.2	$	—		$	896.2		$	122.7