Note 8. Debt (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020				December 31, 2019
	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
	(in millions)
Corporate – Recourse:
Revolving credit facility	$	50.0	$	50.0	$	125.0	$	125.0
Senior notes, net of unamortized discount of $0.2 and $0.2	399.8		420.3		399.8		411.7
	449.8		470.3		524.8		536.7
Less: unamortized debt issuance costs	(1.6)				(2.0)
Total recourse debt	448.2				522.8
Leasing – Non-recourse:
Wholly-owned subsidiaries:
2006 secured railcar equipment notes	—		—		109.3		114.0
2009 secured railcar equipment notes	142.3		170.0		147.8		168.7
2010 secured railcar equipment notes	235.9		248.5		248.5		264.3
2017 promissory notes, net of unamortized discount of $10.1 and $—	802.7		802.7		627.1		627.1
2018 secured railcar equipment notes, net of unamortized discount of $0.2 and $0.2	434.7		449.3		452.1		466.2
TRIHC 2018 secured railcar equipment notes, net of unamortized discount of $— and $1.4	—		—		265.4		270.9
2019 secured railcar equipment notes, net of unamortized discount of $0.3 and $0.4	860.5		890.8		901.0		904.9
2020 secured railcar equipments notes, net of unamortized discount of $0.1 and $—	369.0		370.2		—		—
TILC warehouse facility	519.4		519.4		353.4		353.4
	3,364.5		3,450.9		3,104.6		3,169.5
Less: unamortized debt issuance costs	(24.0)				(23.9)
	3,340.5				3,080.7
Partially-owned subsidiaries:
TRL 2012 secured railcar equipment notes	352.5		373.9		371.4		374.4
TRIP Master Funding secured railcar equipment notes	885.0		959.7		917.9		984.0
	1,237.5		1,333.6		1,289.3		1,358.4
Less: unamortized debt issuance costs	(9.2)				(10.9)
	1,228.3				1,278.4
Total non–recourse debt	4,568.8				4,359.1
Total debt	$	5,017.0	$	5,254.8	$	4,881.9	$	5,064.6

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

The remaining principal payments under existing debt agreements as of December 31, 2020 are as follows:

	2021		2022		2023		2024		2025		Thereafter		Total
	(in millions)
Recourse:
Corporate	$	—	$	—	$	50.0	$	400.0	$	—	$	—	$	450.0
Non-recourse – leasing (Note 6):
2009 secured railcar equipment notes	14.5		14.0		11.8		14.5		19.9		67.6		142.3
2010 secured railcar equipment notes	22.8		20.8		22.3		18.4		20.6		131.0		235.9
2017 promissory notes	44.4		44.4		44.4		44.4		635.2		—		812.8
2018 secured railcar equipment notes	17.9		19.0		19.1		19.1		14.9		344.9		434.9
2019 secured railcar equipment notes	37.8		36.8		34.9		36.6		35.2		679.5		860.8
2020 secured railcar equipment notes	20.0		18.5		18.3		14.4		11.3		286.6		369.1
TILC warehouse facility	16.7		2.8		—		—		—		—		19.5
Facility termination payments – TILC warehouse facility	—		499.9		—		—		—		—		499.9
TRL 2012 secured railcar equipment notes	19.8		19.5		22.7		28.9		31.3		230.3		352.5
TRIP Master Funding secured railcar equipment notes	40.5		41.8		37.0		191.6		70.3		503.8		885.0
Total principal payments	$	234.4	$	717.5	$	260.5	$	767.9	$	838.7	$	2,243.7	$	5,062.7