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Segment Information
 9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment Information Segment Information
We report our operating results in three principal business segments: (1) the Railcar Leasing and Management Services 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 railcar maintenance and modification services; and (3) All Other. The All Other segment includes our highway products business; our logistics businesses; 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 are included in the operating profit of each respective 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 are reflected in "Eliminations — Lease Subsidiary" 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 (in millions). We operate principally in North America.
 
Three Months Ended September 30, 2019
 
Railcar Leasing and Management Services Group
 
Rail Products Group
 
All Other
 
Corporate
 
Eliminations — Lease Subsidiary
 
Eliminations — Other
 
Consolidated Total
External Revenue
$
326.2

 
$
409.0

 
$
78.4

 
$
—

 
$
—

 
$
—

 
$
813.6

Intersegment Revenue
0.2

 
314.0

 
12.0

 
—

 
(314.0
)
 
(12.2
)
 
—

Total Revenues
$
326.4

 
$
723.0

 
$
90.4

 
$
—

 
$
(314.0
)
 
$
(12.2
)
 
$
813.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Profit (Loss)
$
115.7

 
$
65.4

 
$
3.9

 
$
(23.9
)
 
$
(40.7
)
 
$
(0.1
)
 
$
120.3

 
Three Months Ended September 30, 2018
 
Railcar Leasing and Management Services Group
 
Rail Products Group
 
All Other
 
Corporate
 
Eliminations — Lease Subsidiary
 
Eliminations — Other
 
Consolidated Total
External Revenue
$
227.2

 
$
290.2

 
$
89.5

 
$
—

 
$
—

 
$
—

 
$
606.9

Intersegment Revenue
0.3

 
207.4

 
12.9

 
—

 
(207.4
)
 
(13.2
)
 
—

Total Revenues
$
227.5

 
$
497.6

 
$
102.4

 
$
—

 
$
(207.4
)
 
$
(13.2
)
 
$
606.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Profit (Loss)
$
92.2

 
$
28.0

 
$
9.5

 
$
(37.4
)
 
$
(18.1
)
 
$
1.0

 
$
75.2

 
Nine Months Ended September 30, 2019
 
Railcar Leasing and Management Services Group
 
Rail Products Group
 
All Other
 
Corporate
 
Eliminations — Lease Subsidiary
 
Eliminations — Other
 
Consolidated Total
External Revenue
$
803.3

 
$
1,125.9

 
$
225.2

 
$
—

 
$
—

 
$
—

 
$
2,154.4

Intersegment Revenue
0.6

 
913.0

 
40.1

 
—

 
(913.0
)
 
(40.7
)
 
—

Total Revenues
$
803.9

 
$
2,038.9

 
$
265.3

 
$
—

 
$
(913.0
)
 
$
(40.7
)
 
$
2,154.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Profit (Loss)
$
306.3

 
$
184.0

 
$
16.7

 
$
(78.1
)
 
$
(109.5
)
 
$
(0.3
)
 
$
319.1

 
Nine Months Ended September 30, 2018
 
Railcar Leasing and Management Services Group
 
Rail Products Group
 
All Other
 
Corporate
 
Eliminations — Lease Subsidiary
 
Eliminations — Other
 
Consolidated Total
External Revenue
$
614.7

 
$
919.9

 
$
239.5

 
$
—

 
$
—

 
$
—

 
$
1,774.1

Intersegment Revenue
0.8

 
732.0

 
32.4

 
—

 
(732.0
)
 
(33.2
)
 
—

Total Revenues
$
615.5

 
$
1,651.9

 
$
271.9

 
$
—

 
$
(732.0
)
 
$
(33.2
)
 
$
1,774.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Profit (Loss)
$
255.1

 
$
128.0

 
$
27.7

 
$
(115.0
)
 
$
(71.3
)
 
$
0.8

 
$
225.3