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Note 16. Selected Quarterly Financial Data
 12 Months Ended
Dec. 31, 2021
Income Statement [Abstract]  
Quarterly Financial Information [Text Block]
Note 16. Selected Quarterly Financial Data (Unaudited)
Three Months Ended
 March 31, 2021
June 30, 2021
September 30,
2021
December 31, 2021
(in millions, except per share data)
Revenues:
Manufacturing$147.4 $108.3 $234.5 $291.2 
Leasing183.3 185.0 185.3 181.0 
330.7 293.3 419.8 472.2 
Operating costs:
Costs of revenues:
Manufacturing149.6 99.6 238.8 281.9 
Leasing96.7 102.5 98.6 93.8 
246.3 202.1 337.4 375.7 
Selling, engineering, and administrative expenses44.7 46.2 45.8 42.9 
Gains on dispositions of property11.5 12.1 41.6 13.0 
Restructuring activities, net(0.3)(0.7)(0.1)(2.6)
Operating profit51.5 57.8 78.3 69.2 
Other expense52.5 63.5 44.5 41.1 
Income (loss) from continuing operations before income taxes(1.0)(5.7)33.8 28.1 
Provision (benefit) for income taxes4.0 (2.9)8.3 6.5 
Income (loss) from continuing operations(5.0)(2.8)25.5 21.6 
Income (loss) from discontinued operations, net of income taxes6.3 7.6 10.4 (13.2)
Gain on sale of discontinued operations, net of income taxes— — — 131.4 
Net income1.3 4.8 35.9 139.8 
Net income (loss) attributable to noncontrolling interest
(2.0)(7.9)3.9 5.8 
Net income attributable to Trinity Industries, Inc.$3.3 $12.7 $32.0 $134.0 
Basic earnings per common share (1):
Income (loss) from continuing operations$(0.03)$0.05 $0.22 $0.16 
Income from discontinued operations0.06 0.07 0.11 1.23 
Basic net income attributable to Trinity Industries, Inc.$0.03 $0.12 $0.33 $1.39 
Diluted earnings per common share (1):
Income (loss) from continuing operations$(0.03)$0.05 $0.22 $0.16 
Income from discontinued operations0.06 0.07 0.11 1.21 
Diluted net income attributable to Trinity Industries, Inc.$0.03 $0.12 $0.33 $1.37 
(1) The sum of the quarters may not necessarily be equal to the full year net income per common share amount.
Three Months Ended
 March 31, 2020
June 30, 2020
September 30, 2020
December 31, 2020
(in millions, except per share data)
Revenues:
Manufacturing$317.2 $247.3 $213.1 $170.6 
Leasing236.1 192.6 183.7 189.1 
553.3 439.9 396.8 359.7 
Operating costs:
Costs of revenues:
Manufacturing301.0 241.6 202.5 164.9 
Leasing138.6 102.9 86.4 89.5 
439.6 344.5 288.9 254.4 
Selling, engineering, and administrative expenses50.6 48.6 42.9 47.5 
Gains on dispositions of property9.6 6.6 3.7 0.1 
Impairment of long-lived assets (1)
— 369.4 — 27.0 
Restructuring activities, net5.4 0.3 4.7 0.5 
Operating profit (loss)67.3 (316.3)64.0 30.4 
Other expense (2)
58.1 52.3 53.7 205.9 
Income (loss) from continuing operations before income taxes9.2 (368.6)10.3 (175.5)
Provision (benefit) for income taxes(149.1)(74.0)(8.7)(42.3)
Income (loss) from continuing operations158.3 (294.6)19.0 (133.2)
Income from discontinued operations, net of income taxes4.0 6.8 6.9 6.6 
Net income (loss)162.3 (287.8)25.9 (126.6)
Net income (loss) attributable to noncontrolling interest0.6 (80.9)0.8 0.6 
Net income (loss) attributable to Trinity Industries, Inc.$161.7 $(206.9)$25.1 $(127.2)
Basic earnings per common share (3):
Income (loss) from continuing operations$1.32 $(1.82)$0.15 $(1.19)
Income from discontinued operations0.04 0.06 0.06 0.06 
Basic net income (loss) attributable to Trinity Industries, Inc.$1.36 $(1.76)$0.21 $(1.13)
Diluted earnings per common share (3):
Income (loss) from continuing operations$1.30 $(1.82)$0.15 $(1.19)
Income from discontinued operations0.03 0.06 0.06 0.06 
Diluted net income (loss) attributable to Trinity Industries, Inc.$1.33 $(1.76)$0.21 $(1.13)
(1) Impairment of long-lived assets during the three months ended June 30, 2020 relates to our small cube covered hopper railcars. See Note 11 for further information.
(2) Other expense during the three months ended December 31, 2020 includes $151.5 million related to the settlement of our Pension Plan. See Note 10 for further information.