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Segment Information
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Segment Information
Segment Information
We report operating results in three principal business segments: (1) the Railcar Leasing and Management Services Group (“Leasing Group”), which owns and operates a fleet of railcars and provides third-party fleet leasing, management, and administrative services; (2) the Rail Products Group, which manufactures and sells railcars and related parts and components, and provides maintenance services; and (3) All Other. The All Other segment includes our highway products business; 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 Products Group to the Leasing Group are recorded in the Rail Products Group and eliminated in consolidation and reflected in the "Eliminations - Lease subsidiary" line in the tables 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 our 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.
Year Ended December 31, 2018
 
Revenues
 
Operating Profit (Loss)
 
Depreciation & Amortization
 
Capital Expenditures
 
External
 
Intersegment
 
Total
 
 
 
 
(in millions)
Railcar Leasing and Management Services Group
$
842.0

 
$
0.8

 
$
842.8

 
$
351.1

 
$
196.6

 
$
948.3

Rail Products Group
1,356.4

 
990.3

 
2,346.7

 
172.1

 
30.3

 
16.0

All Other
310.7

 
50.6

 
361.3

 
35.7

 
15.1

 
17.3

Segment Totals before Eliminations and Corporate
2,509.1

 
1,041.7

 
3,550.8

 
558.9

 
242.0

 
981.6

Corporate
—

 
—

 
—

 
(149.0
)
 
9.9

 
4.0

Eliminations – Lease subsidiary (1)
—

 
(990.0
)
 
(990.0
)
 
(95.1
)
 
—

 
—

Eliminations – Other
—

 
(51.7
)
 
(51.7
)
 
0.3

 
—

 
—

Consolidated Total
$
2,509.1

 
$
—

 
$
2,509.1

 
$
315.1

 
$
251.9

 
$
985.6


Year Ended December 31, 2017 
 
Revenues
 
Operating Profit (Loss)
 
Depreciation & Amortization
 
Capital Expenditures
 
External
 
Intersegment
 
Total
 
 
 
 
(in millions)
Railcar Leasing and Management Services Group
$
842.2

 
$
1.0

 
$
843.2

 
$
444.5

 
$
172.3

 
$
608.3

Rail Products Group
1,254.5

 
789.5

 
2,044.0

 
196.3

 
35.1

 
4.9

All Other
300.7

 
32.4

 
333.1

 
1.4

 
12.8

 
9.5

Segment Totals before Eliminations and Corporate
2,397.4

 
822.9

 
3,220.3

 
642.2

 
220.2

 
622.7

Corporate
—

 
—

 
—

 
(175.1
)
 
9.6

 
7.6

Eliminations – Lease subsidiary (1)
—

 
(788.6
)
 
(788.6
)
 
(96.5
)
 
—

 
—

Eliminations – Other
—

 
(34.3
)
 
(34.3
)
 
(2.3
)
 
(0.1
)
 
—

Consolidated Total
$
2,397.4

 
$
—

 
$
2,397.4

 
$
368.3

 
$
229.7

 
$
630.3


Year Ended December 31, 2016
 
Revenues
 
Operating Profit (Loss)
 
Depreciation & Amortization
 
Capital Expenditures
 
External
 
Intersegment
 
Total
 
 
 
 
(in millions)
Railcar Leasing and Management Services Group
$
824.9

 
$
2.1

 
$
827.0

 
$
360.1

 
$
156.2

 
$
799.1

Rail Products Group
1,954.5

 
1,073.3

 
3,027.8

 
449.4

 
38.3

 
18.5

All Other
310.4

 
46.3

 
356.7

 
1.5

 
14.2

 
13.0

Segment Totals before Eliminations and Corporate
3,089.8

 
1,121.7

 
4,211.5

 
811.0

 
208.7

 
830.6

Corporate
—

 
—

 
—

 
(153.0
)
 
8.7

 
18.0

Eliminations – Lease subsidiary (1)
—

 
(1,070.4
)
 
(1,070.4
)
 
(180.7
)
 
—

 
—

Eliminations – Other
—

 
(51.3
)
 
(51.3
)
 
1.6

 
(0.1
)
 
—

Consolidated Total
$
3,089.8

 
$
—

 
$
3,089.8

 
$
478.9

 
$
217.3

 
$
848.6


(1) Historically, the Eliminations - Lease subsidiary line has included only railcar shipments from the Rail Products Group to the Leasing Group; however, beginning January 1, 2018, we elected to include the sales from our maintenance services business, previously reflected in Eliminations - Other, in the Eliminations - Lease subsidiary line. Previously reported amounts have been recast to conform to the current presentation.

Total assets for these segments is shown in the table below.
 
December 31, 2018
 
December 31, 2017
 
(in millions)
Railcar Leasing and Management Services Group
$
7,096.0

 
$
6,267.9

Rail Products Group
1,039.1

 
901.9

All Other
238.5

 
224.4

Segment Totals before Eliminations and Corporate
8,373.6

 
7,394.2

Corporate
443.4

 
1,305.8

Assets of discontinued operations
—

 
1,654.2

Eliminations – Lease subsidiary
(827.7
)
 
(800.7
)
Eliminations – Other
(0.1
)
 
(10.3
)
Total Assets
$
7,989.2

 
$
9,543.2


Corporate assets are composed of cash and cash equivalents, short-term marketable securities, notes receivable, certain property, plant, and equipment, and other assets. Capital expenditures do not include business acquisitions.
We operate principally in North America. Our foreign operations are primarily located in Mexico. Revenues and operating profit for our Mexico operations for the years ended December 31, 2018, 2017, and 2016 were not significant in relation to the Consolidated Financial Statements.
Total assets for our Mexico operations as of December 31, 2018 and 2017 are $116.0 million and $119.6 million, respectively. Total long-lived assets for our Mexico operations as of December 31, 2018 and 2017 are $84.2 million and $99.6 million, respectively.