Segment Information (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The financial information for these segments is shown in the tables below (in millions). We operate principally in North America.

	Three Months Ended June 30, 2023
	Railcar Leasing and Management Services Group		Rail Products Group		Eliminations – Lease Subsidiary		Eliminations – Other		Consolidated Total
External revenue	$	223.0	$	499.4	$	—	$	—	$	722.4
Intersegment revenue	0.2		209.6		(209.6)		(0.2)		—
Total revenues	$	223.2	$	709.0	$	(209.6)	$	(0.2)	$	722.4

	Three Months Ended June 30, 2022
	Railcar Leasing and Management Services Group		Rail Products Group		Eliminations – Lease Subsidiary		Eliminations – Other		Consolidated Total
External revenue	$	195.1	$	221.7	$	—	$	—	$	416.8
Intersegment revenue	0.2		208.9		(208.9)		(0.2)		—
Total revenues	$	195.3	$	430.6	$	(208.9)	$	(0.2)	$	416.8

	Six Months Ended June 30, 2023
	Railcar Leasing and Management Services Group		Rail Products Group		Eliminations – Lease Subsidiary		Eliminations – Other		Consolidated Total
External revenue	$	426.3	$	937.8	$	—	$	—	$	1,364.1
Intersegment revenue	0.4		409.0		(409.0)		(0.4)		—
Total revenues	$	426.7	$	1,346.8	$	(409.0)	$	(0.4)	$	1,364.1

	Six Months Ended June 30, 2022
	Railcar Leasing and Management Services Group		Rail Products Group		Eliminations – Lease Subsidiary		Eliminations – Other		Consolidated Total
External revenue	$	378.0	$	511.5	$	—	$	—	$	889.5
Intersegment revenue	0.4		310.2		(310.2)		(0.4)		—
Total revenues	$	378.4	$	821.7	$	(310.2)	$	(0.4)	$	889.5

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The reconciliation of segment operating profit to consolidated net income is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
	(in millions)
Operating profit:
Railcar Leasing and Management Services Group	$	118.5	$	105.5	$	204.0	$	185.3
Rail Products Group	23.7		13.7		49.0		14.5
Segment Totals	142.2		119.2		253.0		199.8
Corporate and other	(31.6)		(25.1)		(57.6)		(40.8)
Restructuring activities, net	1.8		(1.0)		2.2		(1.0)
Eliminations – Lease Subsidiary	(13.1)		(20.3)		(29.9)		(29.1)
Eliminations – Other	(0.2)		0.2		0.4		(1.1)
Consolidated operating profit	99.1		73.0		168.1		127.8
Other (income) expense	68.2		50.7		131.9		92.6
Provision (benefit) for income taxes	7.4		5.8		(4.1)		8.8
Loss from discontinued operations, net of income taxes	(2.3)		(3.4)		(5.4)		(10.3)
Loss on sale of discontinued operations, net of income taxes	—		(4.6)		—		(5.7)
Net income	$	21.2	$	8.5	$	34.9	$	10.4