XML 65 R51.htm IDEA: XBRL DOCUMENT v3.22.1
Railcar Leasing and Management Services Group - Selected consolidating financial information for the Leasing Group (Details) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Segment Reporting Information [Line Items]    
Cash and cash equivalents $ 143.2 $ 167.3
Receivables, net of allowance 190.1 227.6
Property, Plant and Equipment, Net 6,803.6 6,846.9
Restricted cash 208.2 135.1
Other assets 278.8 266.5
Total assets 8,291.2 8,235.9
Total debt 5,227.5 5,170.6
Deferred income taxes 1,110.6 1,106.8
Other liabilities 148.7 147.9
Total liabilities 6,995.6 6,939.1
Noncontrolling interest 263.6 267.0
Total Equity 1,032.0 1,029.8
Operating Segments [Member] | Railcar Leasing and Management Services Group [Member]    
Segment Reporting Information [Line Items]    
Cash and cash equivalents 2.7 3.4
Receivables, net of allowance 91.7 100.8
Property, Plant and Equipment, Net 7,234.2 7,276.7
Restricted cash 208.2 135.1
Other assets 86.4 69.4
Total assets 7,623.2 7,585.4
Accounts payable and accrued liabilities 126.6 143.5
Total debt 4,778.7 4,771.9
Deferred income taxes 1,104.2 1,115.3
Other liabilities 42.6 35.6
Total liabilities 6,052.1 6,066.3
Noncontrolling interest 263.6 267.0
Total Equity 1,307.5 1,252.1
Intersegment Eliminations [Member]    
Segment Reporting Information [Line Items]    
Property, Plant and Equipment, Net (776.9) (779.1)
Railcar Leasing and Management Services Group [Member]    
Segment Reporting Information [Line Items]    
Cash and cash equivalents 2.7 3.4
Receivables, net of allowance 91.7 100.8
Property, Plant and Equipment, Net 6,457.3 6,497.6
Restricted cash 208.2 135.1
Other assets 86.4 69.4
Total assets 6,846.3 6,806.3
Accounts payable and accrued liabilities 126.6 143.5
Total debt 4,778.7 4,771.9
Deferred income taxes 918.8 938.7
Other liabilities 42.6 35.6
Total liabilities 5,866.7 5,889.7
Noncontrolling interest 263.6 267.0
Total Equity 716.0 649.6
Wholly-owned subsidiaries | Operating Segments [Member] | Railcar Leasing and Management Services Group [Member]    
Segment Reporting Information [Line Items]    
Cash and cash equivalents 2.7 3.4
Receivables, net of allowance 81.6 90.7
Property, Plant and Equipment, Net 5,678.7 5,706.1
Restricted cash 148.6 76.5
Other assets 84.4 67.3
Total assets 5,996.0 5,944.0
Accounts payable and accrued liabilities 97.7 113.4
Total debt 3,570.9 3,555.8
Deferred income taxes 1,103.3 1,114.2
Other liabilities 42.6 35.6
Total liabilities 4,814.5 4,819.0
Noncontrolling interest 0.0 0.0
Total Equity 1,181.5 1,125.0
Partially-owned subsidiaries | Operating Segments [Member] | Railcar Leasing and Management Services Group [Member]    
Segment Reporting Information [Line Items]    
Cash and cash equivalents 0.0 0.0
Receivables, net of allowance 10.1 10.1
Property, Plant and Equipment, Net 1,555.5 1,570.6
Restricted cash 59.6 58.6
Other assets 2.0 2.1
Total assets 1,627.2 1,641.4
Accounts payable and accrued liabilities 28.9 30.1
Total debt 1,207.8 1,216.1
Deferred income taxes 0.9 1.1
Other liabilities 0.0 0.0
Total liabilities 1,237.6 1,247.3
Noncontrolling interest 263.6 267.0
Total Equity 126.0 127.1
Consolidated Subsidiaries, Leasing [Member] | Intersegment Eliminations [Member]    
Segment Reporting Information [Line Items]    
Cash and cash equivalents 0.0 0.0
Receivables, net of allowance 0.0 0.0
Property, Plant and Equipment, Net [1] (776.9) (779.1)
Restricted cash 0.0 0.0
Other assets 0.0 0.0
Total assets (776.9) [1] (779.1)
Accounts payable and accrued liabilities 0.0 0.0
Total debt 0.0 0.0
Deferred income taxes [1] (185.4) (176.6)
Other liabilities 0.0 0.0
Total liabilities [1] (185.4) (176.6)
Noncontrolling interest 0.0 0.0
Total Equity [1] $ (591.5) $ (602.5)
[1] Net deferred profit on railcars sold to the Leasing Group consists of intersegment profit that is eliminated in consolidation. Net deferred profit and the related deferred tax impact are included as adjustments to the property, plant, and equipment, net and deferred income taxes line items, respectively, in the Eliminations – Lease Subsidiary column above to reflect the net book value of the railcars purchased by the Leasing Group from the Rail Products Group based on manufacturing cost. See Note 5 and Note 8 for a further discussion regarding our investment in our partially-owned leasing subsidiaries and the related indebtedness.