Note 8. Debt Debt (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

The carrying amounts and estimated fair values of our long-term debt are as follows:

	December 31, 2019					December 31, 2018
	Carrying Value			Estimated Fair Value		Carrying Value			Estimated Fair Value
	(in millions)
Corporate – Recourse:
Revolving credit facility	$	125.0		$	125.0	$	—		$	—
Senior notes, net of unamortized discount of $0.2 and $0.3	399.8			411.7		399.7			343.7
	524.8			536.7		399.7			343.7
Less: unamortized debt issuance costs	(2.0		)			(2.3		)
Total recourse debt	522.8					397.4
Leasing – Non-recourse:
Wholly-owned subsidiaries:
2006 secured railcar equipment notes	109.3			114.0		133.4			138.0
2009 secured railcar equipment notes	147.8			168.7		159.7			174.0
2010 secured railcar equipment notes	248.5			264.3		257.0			264.0
2017 promissory notes	627.1			627.1		660.2			660.2
2018 secured railcar equipment notes, net of unamortized discount of $0.2 and $0.2	452.1			466.2		472.2			475.2
TRIHC 2018 secured railcar equipment notes, net of unamortized discount of $1.4 and $2.5	265.4			270.9		279.0			278.1
2019 secured railcar equipment notes, net of unamortized discount of $0.4 and $-	901.0			904.9		—			—
TILC warehouse facility	353.4			353.4		374.8			374.8
	3,104.6			3,169.5		2,336.3			2,364.3
Less: unamortized debt issuance costs	(23.9		)			(19.7		)
	3,080.7					2,316.6
Partially-owned subsidiaries:
TRL 2012 secured railcar equipment notes	371.4			374.4		386.2			370.9
TRIP Master Funding secured railcar equipment notes	917.9			984.0		941.7			963.0
	1,289.3			1,358.4		1,327.9			1,333.9
Less: unamortized debt issuance costs	(10.9		)			(12.7		)
	1,278.4					1,315.2
Total non–recourse debt	4,359.1					3,631.8
Total debt	$	4,881.9		$	5,064.6	$	4,029.2		$	4,041.9

Schedule of Maturities of Long-term Debt [Table Text Block]

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

	2020		2021		2022		2023		2024		Thereafter		Total
	(in millions)
Recourse:
Corporate	$	—	$	—	$	—	$	125.0	$	400.0	$	—	$	525.0
Non-recourse – leasing (Note 6):
2006 secured railcar equipment notes	34.3		29.1		29.8		16.1		—		—		109.3
2009 secured railcar equipment notes	6.6		13.4		14.0		11.8		14.5		87.5		147.8
2010 secured railcar equipment notes	14.5		20.0		20.9		22.4		18.5		152.2		248.5
2017 promissory notes	33.1		33.1		33.2		33.2		33.2		461.3		627.1
2018 secured railcar equipment notes	20.0		20.0		20.0		20.0		20.0		352.3		452.3
TRIHC 2018 secured railcar equipment notes	10.6		11.8		9.3		11.7		14.7		208.7		266.8
2019 secured railcar equipment notes	36.2		38.0		37.0		35.1		36.8		718.3		901.4
TILC warehouse facility	11.8		11.8		2.0		—		—		—		25.6
Facility termination payments – TILC warehouse facility	—		—		327.8		—		—		—		327.8
TRL 2012 secured railcar equipment notes	19.3		19.9		19.6		26.8		28.9		256.9		371.4
TRIP Master Funding secured railcar equipment notes	32.9		40.4		41.8		37.0		191.6		574.2		917.9
Total principal payments	$	219.3	$	237.5	$	555.4	$	339.1	$	758.2	$	2,811.4	$	4,920.9