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Note 3. Derivative Instruments and Fair Value Measurements Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Interest Rate Derivatives [Table Text Block]
Interest Rate Hedges
   
Included in accompanying balance sheet
at December 31, 2022
AOCI – loss/(income)
 Notional
Amount
Interest
Rate (1)
Asset/(Liability)Controlling InterestNoncontrolling
Interest
 ($ in millions)
Expired hedges:
2018 secured railcar equipment notes$249.3 4.41 %$— $0.4 $— 
TRIP Holdings warehouse loan$788.5 3.60 %$— $0.1 $— 
Tribute Rail secured railcar equipment notes (2)
$256.0 2.86 %$— $0.8 $1.0 
2017 promissory notes – interest rate cap
$169.3 3.00 %$— $(0.3)$— 
Open hedge:
2017 promissory notes – interest rate swap$434.7 2.39 %$19.7 $(19.4)$— 
(1) Weighted average fixed interest rate, except for the interest rate cap on the 2017 promissory notes.
(2) In May 2022, Tribute Rail LLC ("Tribute Rail"), an indirect, wholly-owned subsidiary of TRIP Holdings, entered into and subsequently terminated a forward starting interest rate swap to hedge the risk of potential interest rate increases prior to the May 2022 Tribute Rail debt issuance.
Derivative Instruments, Gain (Loss) [Table Text Block]
 Effect on interest expense – increase/(decrease)
 Year Ended December 31,Expected effect during next twelve months
 202220212020
 (in millions)
Expired hedges:
2006 secured railcar equipment notes$— $— $(0.1)$— 
2018 secured railcar equipment notes
$0.2 $0.2 $0.2 $0.2 
TRIP Holdings warehouse loan$1.2 $1.8 $2.0 $0.1 
TRIP Master Funding secured railcar equipment notes
$— $0.1 $0.2 $— 
Tribute Rail secured railcar equipment notes$0.4 $— $— $0.7 
2017 promissory notes – interest rate cap
$(0.1)$(0.1)$(0.1)$(0.1)
Open hedge (1):
2017 promissory notes – interest rate swap
$4.0 $12.3 $11.0 $(8.2)
(1) Based on the fair value of open hedges as of December 31, 2022.
Foreign Currency Hedge
Our exposure related to foreign currency transactions is currently hedged for up to a maximum of twelve months. Information related to our foreign currency hedge is as follows:
 
Included in 
accompanying balance sheet at December 31, 2022
Effect on cost of revenues – increase/(decrease)
Notional
Amount		Asset/(Liability)AOCI –
loss/(income)		Year Ended December 31,
Expected effect during next twelve months(1)
202220212020
(in millions)
$30.8 $2.0 $(3.0)$(1.4)$(7.7)$3.2 $(3.0)
(1) Based on the fair value of open hedges as of December 31, 2022.
Derivatives Not Designated as Hedging Instruments
Derivatives Not Designated as Hedging Instruments(1)
   
Asset/(Liability)
at
December 31, 2022
Effect on other, net (income) expense – increase/(decrease)
Notional
Amount		Interest
Rate		Year Ended
December 31,
 202220212020
 ($ in millions)
TILC warehouse facility – interest rate cap$800.0 2.50 %$21.6 $(1.6)$— $— 
TILC – interest rate cap$800.0 2.50 %$(21.6)$1.6 $— $— 
(1) Derivatives not designated as hedging instruments are comprised of back-to-back interest rate caps entered into with the same counterparty that offset and do not have a net effect on Trinity's consolidated earnings. These derivative contracts were entered into in connection with our risk management objectives.
Fair Value, Inputs, Level 1 [Member]  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Level 1
 December 31, 2022December 31, 2021
(in millions)
Assets:
Cash equivalents$29.8 $11.4 
Restricted cash214.7 135.1 
Total assets$244.5 $146.5 
Fair Value, Inputs, Level 2 [Member]  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Level 2
 December 31, 2022December 31, 2021
(in millions)
Assets:
Interest rate hedge (1)
$19.7 $— 
Foreign currency hedge (1)
2.0 — 
Derivatives not designated as hedging instruments (1)
21.6 — 
Total assets$43.3 $— 
Liabilities:
Interest rate hedge (2)
$— $21.0 
Foreign currency hedge (2)
— 0.1 
Derivatives not designated as hedging instruments (2)
21.6 — 
Total liabilities$21.6 $21.1 
(1) Included in other assets in our Consolidated Balance Sheets.
(2) Included in accrued liabilities in our Consolidated Balance Sheets.