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Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2014
Derivative [Line Items]  
Interest rate hedges
Interest rate hedges
 
 
 
 
 
Included in accompanying balance sheet
at March 31, 2014
 
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
%
 
$
—

 
$
(1.5
)
 
$
—

Promissory notes
$
370.0

 
5.34
%
 
$
—

 
$
3.3

 
$
—

TRIP Holdings warehouse loan
$
788.5

 
3.60
%
 
$
—

 
$
12.3

 
$
15.2

Open hedges:
 
 
 
 
 
 
 
 
 
TRIP Master Funding secured railcar equipment notes
$
64.4

 
2.62
%
 
$
2.1

 
$
0.9

 
$
1.1

Promissory notes
$
408.3

 
4.13
%
 
$
18.0

 
$
16.5

 
$
—

(1) 
Weighted average fixed interest rate
Interest rate hedges
  
Derivative [Line Items]  
Effect on Statements of Operations
 
Effect on interest expense - increase/(decrease)
 
Three Months Ended
March 31,
 
Expected effect during next twelve months(1)
 
2014
 
2013
 
 
(in millions)
Expired hedges:
 
 
 
 
 
2006 secured railcar equipment notes
$
(0.1
)
 
$
(0.1
)
 
$
(0.3
)
Promissory notes
$
0.8

 
$
0.8

 
$
2.9

TRIP Holdings warehouse loan
$
1.3

 
$
2.0

 
$
5.1

Open hedges:
 
 
 
 
 
TRIP Master Funding secured railcar equipment notes
$
0.4

 
$
0.5

 
$
1.4

Promissory notes
$
3.9

 
$
3.9

 
$
15.5

(1) Based on the fair value of open hedges as of March 31, 2014