Debt (Tables)

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Components of debt

:

	March 31, 2019					December 31, 2018
	Carrying Value			Estimated Fair Value		Carrying Value			Estimated Fair Value
	(in millions)
Corporate – Recourse:
Revolving credit facility	$	250.0		$	250.0	$	—		$	—
Senior notes, net of unamortized discount of $0.3 and $0.3	399.7			383.0		399.7			343.7
	649.7			633.0		399.7			343.7
Less: unamortized debt issuance costs	(2.2		)			(2.3		)
Total recourse debt	647.5					397.4
Leasing – Non-recourse:
Wholly-owned subsidiaries:
2006 secured railcar equipment notes	126.5			131.3		133.4			138.0
2009 secured railcar equipment notes	156.6			173.1		159.7			174.0
2010 secured railcar equipment notes	254.6			263.7		257.0			264.0
2017 promissory notes	651.9			651.9		660.2			660.2
2018 secured railcar equipment notes, net of unamortized discount of $0.2 and $0.2	467.3			482.5		472.2			475.2
TRIHC 2018 secured railcar equipment notes, net of unamortized discount of $2.1 and $2.5	274.9			276.1		279.0			278.1
TILC warehouse facility	600.5			600.5		374.8			374.8
	2,532.3			2,579.1		2,336.3			2,364.3
Less: unamortized debt issuance costs	(18.6		)			(19.7		)
	2,513.7					2,316.6
Partially-owned subsidiaries:
TRL 2012 secured railcar equipment notes	381.7			381.3		386.2			370.9
TRIP Master Funding secured railcar equipment notes	935.7			959.0		941.7			963.0
	1,317.4			1,340.3		1,327.9			1,333.9
Less: unamortized debt issuance costs	(12.2		)			(12.7		)
	1,305.2					1,315.2
Total non–recourse debt	3,818.9					3,631.8
Total debt	$	4,466.4		$	4,552.4	$	4,029.2		$	4,041.9

Remaining principal payments under existing debt agreements

The remaining principal payments under existing debt agreements as of March 31, 2019, are as follows:

	Remaining nine months of 2019		2020		2021		2022		2023		Thereafter
	(in millions)
Recourse:
Corporate	$	—	$	—	$	—	$	—	$	250.0	$	400.0
Non-recourse – leasing (Note 6):
2006 secured railcar equipment notes	21.8		29.7		29.1		29.8		16.1		—
2009 secured railcar equipment notes	8.3		6.6		13.4		14.0		11.8		102.5
2010 secured railcar equipment notes	6.0		14.1		20.0		20.9		22.5		171.1
2017 promissory notes	24.9		33.1		33.1		33.2		33.1		494.5
2018 secured railcar equipment notes	15.0		20.0		20.0		20.0		20.0		372.5
TRIHC 2018 secured railcar equipment notes	9.8		10.9		11.9		9.3		11.6		223.5
TILC warehouse facility	13.5		18.0		18.0		3.0		—		—
Facility termination payments - TILC warehouse facility	—		—		—		548.0		—		—
TRL 2012 secured railcar equipment notes	15.9		19.3		19.9		19.6		26.2		280.8
TRIP Master Funding secured railcar equipment notes	17.9		32.9		40.4		41.8		37.0		765.7
Total principal payments	$	133.1	$	184.6	$	205.8	$	739.6	$	428.3	$	2,810.6