XML 49 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Interest rate hedges
Interest rate hedges
 
 
 
 
 
Included in accompanying balance sheet
at September 30, 2018
 
Notional
Amount
 
Interest
Rate(1)
 
Asset / (liability)
 
AOCL –
loss/
(income)
 
Noncontrolling
Interest
 
(in millions, except %)
Expired hedges:
 
 
 
 
 
 
 
 
 
2006 secured railcar equipment notes
$
200.0

 
4.87
%
 
$
—

 
$
(0.3
)
 
$
—

2018 secured railcar equipment notes
$
249.3

 
4.41
%
 
$
—

 
$
1.3

 
$
—

TRIP Holdings warehouse loan
$
788.5

 
3.60
%
 
$
—

 
$
3.3

 
$
4.4

TRIP Master Funding secured railcar equipment notes
$
34.8

 
2.62
%
 
$
—

 
$
0.3

 
$
0.3

Open hedge:
 
 
 
 
 
 
 
 
 
2017 promissory notes
$
169.3

 
3.00
%
 
$
3.0

 
$
(0.6
)
 
$
—

(1) 
Weighted average fixed interest rate, except for 2017 promissory notes. Interest rate cap for 2017 promissory notes.
Effect on statements of operations
 
Effect on interest expense - increase/(decrease)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
Expected effect during next twelve months
 
2018
 
2017
 
2018
 
2017
 
 
(in millions)
 
 
 
 
 
 
 
 
 
 
2006 secured railcar equipment notes
$
—

 
$
(0.1
)
 
$
(0.1
)
 
$
(0.2
)
 
$
(0.1
)
TRIP Holdings warehouse loan
$
0.5

 
$
1.1

 
$
1.7

 
$
3.4

 
$
2.0

TRIP Master Funding secured railcar equipment notes
$
0.1

 
$
0.1

 
$
0.2

 
$
0.4

 
$
0.2