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Note 3. Derivative Instruments and Fair Value Measurements Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Interest Rate Derivatives [Table Text Block]
Interest Rate Hedges
 
 
 
 
 
Included in accompanying balance sheet
at December 31, 2019
 
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
%
 
$
—

 
$
(0.1
)
 
$
—

2018 secured railcar equipment notes
$
249.3

 
4.41
%
 
$
—

 
$
1.0

 
$
—

TRIP Holdings warehouse loan
$
788.5

 
3.60
%
 
$
—

 
$
2.2

 
$
3.0

TRIP Master Funding secured railcar equipment notes
$
34.8

 
2.62
%
 
$
—

 
$
0.1

 
$
0.2

2017 promissory notes – interest rate cap
$
169.3

 
3.00
%
 
$
—

 
$
(0.6
)
 
$
—

Open hedge:
 
 
 
 
 
 
 
 
 
2017 promissory notes – interest rate swap
$
571.1

 
2.68
%
 
$
(28.0
)
 
$
27.8

 
$
—

(1) Weighted average fixed interest rate, except for the interest rate cap on the 2017 promissory notes.
Derivative Instruments, Gain (Loss) [Table Text Block]
 
Effect on interest expense – increase/(decrease)
 
Year Ended December 31,
 
Expected effect during next twelve months(1)
 
2019
 
2018
 
2017
 
 
(in millions)
Expired hedges:
 
 
 
 
 
 
 
2006 secured railcar equipment notes
$
(0.2
)
 
$
(0.2
)
 
$
(0.3
)
 
$
(0.1
)
2018 secured railcar equipment notes
$
0.2

 
$
0.1

 
$
—

 
$
0.2

TRIP Holdings warehouse loan
$
2.0

 
$
2.2

 
$
4.5

 
$
2.0

TRIP Master Funding secured railcar equipment notes
$
0.2

 
$
0.2

 
$
0.4

 
$
0.2

2017 promissory notes – interest rate cap
$
(0.1
)
 
$
0.1

 
$
—

 
$
(0.1
)
Open hedge:
 
 
 
 
 
 
 
2017 promissory notes – interest rate swap
$
3.1

 
$
0.3

 
$
—

 
$
3.1

(1) Based on the fair value of open hedges as of December 31, 2019.
Fair Value, Inputs, Level 1 [Member]  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] The assets measured as Level 1 in the fair value hierarchy are summarized below:
 
Level 1
 
December 31, 2019
 
December 31, 2018
 
(in millions)
Assets:
 
 
 
Cash equivalents
$
57.9

 
$
124.9

Restricted cash
111.4

 
171.6

Total assets
$
169.3

 
$
296.5
Fair Value, Inputs, Level 2 [Member]  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] The liabilities measured as Level 2 in the fair value hierarchy are summarized below:
 
Level 2
 
December 31, 2019
 
December 31, 2018
 
(in millions)
Assets:
 
 
 
Foreign currency hedge (1)
$
1.2

 
$
—

Total assets
$
1.2

 
$
—

 
 
 
 
Liabilities:
 
 
 
Interest rate hedge (2)
$
28.0

 
$
12.9

Total liabilities
$
28.0

 
$
12.9

(1) Included in other assets in our Consolidated Balance Sheets.
(2) Included in accrued liabilities in our Consolidated Balance Sheets.