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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net income $ 58.5 $ 36.7
Loss from discontinued operations, net of benefit for income taxes of $0.7, $1.0, $2.2 and $3.5 (8.1) (13.7)
Loss on sale of discontinued operations, net of benefit for income taxes of $—, $—, $— and $1.4 0.0 (5.7)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation and amortization 219.9 206.0
Stock-based compensation expense 18.8 16.7
Provision (benefit) for deferred income taxes (24.3) 16.2
Net gains on lease portfolio sales, excluding sales-type leases (46.4) (71.7)
Gains on dispositions of property and other assets (1.9) (12.0)
Gains on insurance recoveries from property damage (4.9) (7.5)
Non-cash impact of restructuring activities (2.2) 0.0
Non-cash interest expense 9.1 10.2
Loss on extinguishment of debt 0.0 1.5
Other (3.7) (4.8)
Changes in operating assets and liabilities:    
(Increase) decrease in receivables (54.4) (57.5)
(Increase) decrease in inventories (50.0) (253.6)
(Increase) decrease in other assets 0.0 (19.9)
Increase (decrease) in accounts payable 22.6 78.9
Increase (decrease) in accrued liabilities 60.5 (4.6)
Increase (decrease) in other liabilities 6.1 (6.6)
Net cash provided by (used in) operating activities – continuing operations 215.8 (52.6)
Net cash used in operating activities – discontinued operations (8.1) (15.4)
Net cash provided by (used in) operating activities 207.7 (68.0)
Investing activities:    
Proceeds from dispositions of property and other assets 13.0 33.2
Lease portfolio sales 245.8 514.8
Capital expenditures – leasing 483.3 691.1
Capital expenditures – manufacturing and other (29.4) (25.7)
Acquisitions, net of cash acquired (66.2) (9.4)
Proceeds from insurance recoveries 4.9 7.6
Equity investments 1.1 15.5
Net cash used in investing activities – continuing operations (316.3) (186.1)
Payments related to sale of discontinued operations 0.0 (2.7)
Net cash used in investing activities (316.3) (188.8)
Financing activities:    
Payments to retire debt (1,279.0) (1,351.5)
Proceeds from issuance of debt 1,444.3 1,664.5
Shares repurchased 0.0 (36.8)
Dividends paid to common shareholders (64.7) (58.3)
Purchase of shares to satisfy employee tax on vested stock (6.9) (5.6)
Distributions to noncontrolling interest (12.7) (19.2)
Net cash provided by financing activities 81.0 193.1
Net decrease in cash, cash equivalents, and restricted cash (27.6) (63.7)
Cash, cash equivalents, and restricted cash at beginning of period 294.3 302.4
Cash, cash equivalents, and restricted cash at end of period $ 266.7 $ 238.7