Debt (Tables)

3 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Components of debt

The carrying amounts of our debt are as follows:

	March 31, 2023		December 31, 2022
	(in millions)
Corporate – Recourse:
Revolving credit facility	$	305.0	$	225.0
Senior notes, net of unamortized discount of $0.1 and $0.1	399.9		399.9
	704.9		624.9
Less: unamortized debt issuance costs	(0.6)		(0.8)
Total recourse debt	704.3		624.1
Leasing – Non-recourse:
Wholly-owned subsidiaries:
Secured railcar equipment notes, net of unamortized discount of $0.4 and $0.3	2,344.9		2,384.0
2017 promissory notes, net of unamortized discount of $5.1 and $5.6	705.4		716.0
TILC warehouse facility	796.2		721.8
	3,846.5		3,821.8
Less: unamortized debt issuance costs	(19.6)		(21.1)
	3,826.9		3,800.7
Partially-owned subsidiaries:
Secured railcar equipment notes, net of unamortized discount of $0.3 and $0.3	1,185.6		1,192.6
Less: unamortized debt issuance costs	(9.2)		(9.8)
	1,176.4		1,182.8
Total non–recourse debt	5,003.3		4,983.5
Total debt	$	5,707.6	$	5,607.6

The estimated fair values of our debt are as follows:

	March 31, 2023		December 31, 2022
	(in millions)
Level 1	$	1,806.6	$	1,662.8
Level 2	389.8		387.5
Level 3	3,217.8		3,194.0
	$	5,414.2	$	5,244.3