Segment Information

3 Months Ended

Mar. 31, 2016

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, components, and maintenance services; (2) the Construction Products Group, which manufactures and sells highway products and other primarily-steel products and services for infrastructure-related projects, and produces and sells 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, steel utility structures for electricity transmission and distribution, storage and distribution containers, and tank heads for pressure and non-pressure vessels; 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 leasing, management, maintenance, and administrative services. The segment All Other includes our captive insurance and transportation companies; legal, environmental, and maintenance costs associated with non-operating facilities; and other peripheral businesses. Gains and losses from the sale of property, plant, and equipment related to manufacturing and dedicated to the specific manufacturing operations of a particular segment are included in the 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.

Sales and related net profits ("deferred profit") from the Rail Group to the Leasing Group are recorded in the Rail Group and eliminated in consolidation and reflected in the "Eliminations - Lease subsidiary" line in the table below. 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 profit of the Leasing Group, resulting in the recognition of depreciation expense based on the Company's original manufacturing cost of the railcars. Sales of railcars from the lease fleet are included in the Leasing Group, with related gains and losses computed based on the net book value of the original manufacturing cost of the railcars.

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

Three Months EndedMarch 31, 2016

	Revenues								Operating Profit (Loss)
	External		Intersegment			Total
	(in millions)
Rail Group	$	543.2	$	303.7		$	846.9		$	157.2
Construction Products Group	121.6		3.3			124.9			15.9
Inland Barge Group	110.8		—			110.8			12.6
Energy Equipment Group	232.5		40.9			273.4			37.4
Railcar Leasing and Management Services Group	177.8		0.7			178.5			74.2
All Other	2.0		19.9			21.9			(5.1		)
Segment Totals before Eliminations and Corporate	1,187.9		368.5			1,556.4			292.2
Corporate	—		—			—			(24.7		)
Eliminations – Lease subsidiary	—		(283.3		)	(283.3		)	(65.5		)
Eliminations – Other	—		(85.2		)	(85.2		)	1.4
Consolidated Total	$	1,187.9	$	—		$	1,187.9		$	203.4

Three Months EndedMarch 31, 2015

	Revenues								Operating Profit (Loss)
	External		Intersegment			Total
	(in millions)
Rail Group	$	875.4	$	269.1		$	1,144.5		$	212.7
Construction Products Group	111.4		1.4			112.8			8.3
Inland Barge Group	153.1		—			153.1			27.5
Energy Equipment Group	241.5		58.6			300.1			37.2
Railcar Leasing and Management Services Group	244.2		0.6			244.8			122.8
All Other	1.1		27.0			28.1			(1.5		)
Segment Totals before Eliminations and Corporate	1,626.7		356.7			1,983.4			407.0
Corporate	—		—			—			(26.7		)
Eliminations – Lease subsidiary	—		(259.0		)	(259.0		)	(48.3		)
Eliminations – Other	—		(97.7		)	(97.7		)	1.1
Consolidated Total	$	1,626.7	$	—		$	1,626.7		$	333.1