XML 48 R32.htm IDEA: XBRL DOCUMENT v3.23.3
Debt (Tables)
9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Components of debt
The carrying amounts of our debt are as follows:
September 30, 2023December 31, 2022
 (in millions)
Corporate – Recourse:
Revolving credit facility$— $225.0 
Senior notes due 2024, net of unamortized discount of $0.1 and $0.1
399.9 399.9 
Senior notes due 2028400.0 — 
799.9 624.9 
Less: unamortized debt issuance costs(5.7)(0.8)
Total recourse debt794.2 624.1 
Leasing – Non-recourse:
Wholly-owned subsidiaries:
Secured railcar equipment notes, net of unamortized discount of $0.3 and $0.3
2,279.8 2,384.0 
2017 promissory notes, net of unamortized discount of $4.0 and $5.6
684.3 716.0 
TRL-2023 term loan337.2 — 
TILC warehouse facility555.9 721.8 
3,857.2 3,821.8 
Less: unamortized debt issuance costs(18.9)(21.1)
3,838.3 3,800.7 
Partially-owned subsidiaries:
Secured railcar equipment notes, net of unamortized discount of $0.2 and $0.3
1,157.9 1,192.6 
Less: unamortized debt issuance costs(8.0)(9.8)
1,149.9 1,182.8 
Total non–recourse debt4,988.2 4,983.5 
Total debt$5,782.4 $5,607.6 
The estimated fair values of our debt are as follows:
September 30, 2023December 31, 2022
(in millions)
Level 2$793.4 $387.5 
Level 3$3,098.7 $3,194.0