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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Remaining Performance Obligation
The following table includes estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially satisfied as of June 30, 2020 and the percentage of the outstanding performance obligations as of June 30, 2020 expected to be delivered during the remainder of 2020:
Unsatisfied performance obligations at June 30, 2020
Total
Amount
Percent expected to be delivered in 2020
 (in millions)
Rail Products Group:
Products:
External Customers$829.8  
Leasing Group507.5  
$1,337.3  40.7 %
Maintenance Services$6.7  75.0 %
Railcar Leasing and Management Services Group$100.5  9.0 %
Lessee, Operating Lease, Disclosure [Table Text Block]
The following table summarizes the impact of our operating leases on our Consolidated Financial Statements (in millions, except lease term and discount rate):
Three Months Ended
June 30,
Six Months Ended
June 30,
2020201920202019
Consolidated Statement of Operations
Operating lease expense$4.6  $4.1  $8.5  $9.3  
Short-term lease expense$1.2  $1.2  $1.4  $2.6  
June 30, 2020December 31, 2019
Consolidated Balance Sheet
Right-of-use assets (1)
$77.2  $44.2  
Lease liabilities (2)
$89.2  $44.8  
Weighted average remaining lease term11.0 years4.8 years
Weighted average discount rate3.4 %4.1 %
Six Months Ended
June 30,
20202019
Consolidated Statement of Cash Flows
Cash flows from operating activities$8.5  $9.3  
Right-of-use assets recognized in exchange for new lease liabilities (3)
$50.7  $4.2  
(1) Included in other assets in our Consolidated Balance Sheet. See Note 10 for more information on the impairment of right-of-use assets.
(2) Included in other liabilities in our Consolidated Balance Sheet.
(3) Includes the commencement of the new headquarters facility described above for the six months ended June 30, 2020.
Lessee, Operating Lease, Liability, Maturity [Table Text Block]
Future contractual minimum operating lease liabilities will mature as follows (in millions):
Leasing GroupNon-Leasing GroupTotal
Remaining six months of 2020$4.9  $2.0  $6.9  
20218.5  3.1  11.6  
20227.8  6.9  14.7  
20235.9  7.0  12.9  
20242.7  5.9  8.6  
Thereafter1.5  67.6  69.1  
Total operating lease payments$31.3  $92.5  $123.8  
Less: Present value adjustment(23.0) 
Less: Lease incentives(11.6) 
Total operating lease liabilities$89.2  
Leases of Lessor Disclosure [Text Block]
The following table summarizes the impact of our leases on our Consolidated Statement of Operations (in millions):
Three Months Ended
June 30,
Six Months Ended
June 30,
2020201920202019
Operating lease revenues$165.1  $171.6  $337.3  $339.9  
Variable operating lease revenues$10.6  $10.8  $23.2  $21.6  
Sales-type lease revenues$—  $32.3  $—  $34.2  
Interest income on sales-type lease receivables$—  $0.3  $—  $0.3  
Profit recognized at sales-type lease commencement$—  $3.9  $—  $4.1  
Lessor, Payments to be Received, Maturity [Table Text Block]
Future contractual minimum revenues for operating leases will mature as follows (in millions)(1):
Remaining six months of 2020$298.6  
2021494.0  
2022387.9  
2023280.9  
2024199.8  
Thereafter353.8  
Total$2,015.0  
(1) Total contractual minimum rental revenues on operating leases relates to our wholly-owned and partially-owned subsidiaries and sub-lease rental revenues associated with the Leasing Group's operating lease obligations.
Schedule of Product Warranty Liability [Table Text Block] The changes in the accruals for warranties for the three and six months ended June 30, 2020 and 2019 are as follows:
 Three Months Ended
June 30,
Six Months Ended
June 30,
2020201920202019
 (in millions)
Beginning balance$7.7  $7.1  $8.1  $7.4  
Warranty costs incurred(0.6) (0.6) (1.5) (1.5) 
Warranty originations and revisions2.4  1.9  3.0  2.6  
Warranty expirations—  (0.1) (0.1) (0.2) 
Ending balance$9.5  $8.3  $9.5  $8.3