Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2023
	Railcar Leasing and Management Services Group		Rail Products Group		Eliminations – Lease Subsidiary		Eliminations – Other		Consolidated Total
External revenue	$	222.3	$	599.0	$	—	$	—	$	821.3
Intersegment revenue	0.3		83.2		(83.2)		(0.3)		—
Total revenues	$	222.6	$	682.2	$	(83.2)	$	(0.3)	$	821.3

	Three Months Ended September 30, 2022
	Railcar Leasing and Management Services Group		Rail Products Group		Eliminations – Lease Subsidiary		Eliminations – Other		Consolidated Total
External revenue	$	194.6	$	302.0	$	—	$	—	$	496.6
Intersegment revenue	0.2		295.3		(295.3)		(0.2)		—
Total revenues	$	194.8	$	597.3	$	(295.3)	$	(0.2)	$	496.6

	Nine Months Ended September 30, 2023
	Railcar Leasing and Management Services Group		Rail Products Group		Eliminations – Lease Subsidiary		Eliminations – Other		Consolidated Total
External revenue	$	648.6	$	1,536.8	$	—	$	—	$	2,185.4
Intersegment revenue	0.7		492.2		(492.2)		(0.7)		—
Total revenues	$	649.3	$	2,029.0	$	(492.2)	$	(0.7)	$	2,185.4

	Nine Months Ended September 30, 2022
	Railcar Leasing and Management Services Group		Rail Products Group		Eliminations – Lease Subsidiary		Eliminations – Other		Consolidated Total
External revenue	$	572.6	$	813.5	$	—	$	—	$	1,386.1
Intersegment revenue	0.6		605.5		(605.5)		(0.6)		—
Total revenues	$	573.2	$	1,419.0	$	(605.5)	$	(0.6)	$	1,386.1

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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
	(in millions)
Operating profit:
Railcar Leasing and Management Services Group	$	88.6	$	107.9	$	292.6	$	293.2
Rail Products Group	39.2		26.0		88.2		40.5
Segment Totals	127.8		133.9		380.8		333.7
Corporate and other	(25.2)		(21.4)		(82.8)		(62.2)
Restructuring activities, net	—		—		2.2		(1.0)
Eliminations – Lease Subsidiary	(2.4)		(19.6)		(32.3)		(48.7)
Eliminations – Other	—		(0.2)		0.4		(1.3)
Consolidated operating profit	100.2		92.7		268.3		220.5
Other (income) expense	67.9		54.4		199.8		147.0
Provision (benefit) for income taxes	6.0		8.6		1.9		17.4
Loss from discontinued operations, net of income taxes	(2.7)		(3.4)		(8.1)		(13.7)
Loss on sale of discontinued operations, net of income taxes	—		—		—		(5.7)
Net income	$	23.6	$	26.3	$	58.5	$	36.7