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Note 3. Derivative Instruments and Fair Value Measurements Fair Value Measurements (Tables)
 12 Months Ended
Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosures [Line Items]  
Schedule of Interest Rate Derivatives [Table Text Block]
Interest Rate Hedges
   
Included in accompanying balance sheet
at December 31, 2023
AOCI – loss/(income)
 Notional
Amount
Interest
Rate (1)
Asset/(Liability)Controlling InterestNoncontrolling
Interest
 ($ in millions)
Expired hedges:
2018 secured railcar equipment notes$249.3 4.41 %$— $0.2 $— 
TRIP Holdings warehouse loan (2)
$788.5 3.60 %$— $— $— 
Tribute Rail secured railcar equipment notes $256.0 2.86 %$— $0.4 $0.6 
2017 promissory notes – interest rate cap
$169.3 3.00 %$— $(0.2)$— 
Open hedges:
2017 promissory notes – interest rate swap$408.1 2.31 %$13.1 $(12.5)$— 
TRL-2023 term loan (3)
$267.6 3.79 %$(2.5)$2.7 $— 
(1) Weighted average fixed interest rate, except for the interest rate cap on the 2017 promissory notes.
(2) As of March 31, 2023, all amounts previously recorded in AOCI related to this hedge have been fully amortized.
(3) In June 2023, Trinity Rail Leasing 2023 LLC (“TRL-2023”), a limited purpose, indirect wholly-owned subsidiary of the Company owned through Trinity Industries Leasing Company ("TILC"), executed and designated a new interest rate swap derivative as a cash flow hedge to fix the Secured Overnight Financing Rate ("SOFR") component of the interest rate on a portion of the outstanding TRL-2023 term loan agreement ("TRL-2023 term loan").
Derivative Instruments, Gain (Loss) [Table Text Block]
 Effect on interest expense – increase/(decrease)
 Year Ended December 31,Expected effect during next twelve months
 202320222021
 (in millions)
Expired hedges:
2018 secured railcar equipment notes
$0.2 $0.2 $0.2 $0.2 
TRIP Holdings warehouse loan$0.1 $1.2 $1.8 $— 
TRIP Master Funding secured railcar equipment notes
$— $— $0.1 $— 
Tribute Rail secured railcar equipment notes$0.7 $0.4 $— $0.7 
2017 promissory notes – interest rate cap
$(0.1)$(0.1)$(0.1)$(0.1)
Open hedges (1):
2017 promissory notes – interest rate swap
$(11.7)$4.0 $12.3 $(11.7)
TRL-2023 term loan$(2.2)$— $— $(2.7)
(1) Based on the fair value of open hedges as of December 31, 2023.
Schedule of Foreign Exchange Contracts, Statement of Financial Position Information related to our foreign currency hedges is as follows:
 
Included in 
accompanying balance 
sheet at December 31, 2023
Effect on cost of revenues – increase/(decrease)
Notional
Amount		Asset/(Liability)AOCI –
loss/(income)		Year Ended December 31,
Expected effect during next twelve months (1)
Instrument202320222021
(in millions)
Forward contracts$125.3 $5.8 $(6.5)$(7.1)$(1.4)$(7.7)$(5.8)
Options$16.4 $1.0 $(0.4)$1.4 $— $— $(0.4)
(1) Based on the fair value of open hedges as of December 31, 2023.
Derivatives Not Designated as Hedging Instruments
Derivatives Not Designated as Hedging Instruments
   
Asset/
(Liability) at
December 31, 2023
Effect on other, net (income) expense – increase/(decrease)
Notional
Amount		Interest
Rate		Year Ended
December 31,
 202320222021
 ($ in millions)
Interest rate derivatives (1):
TILC warehouse facility – interest rate cap$800.0 2.50 %$6.6 $(5.4)$(1.6)$— 
TILC – interest rate cap$800.0 2.50 %$(6.6)$5.4 $1.6 $— 
(1) Comprised of back-to-back interest rate caps entered into with the same counterparty that offset and do not have a net effect on Trinity's consolidated earnings. These derivative contracts were entered into in connection with our risk management objectives.
Fair Value, Inputs, Level 1 [Member]  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Level 1
 December 31, 2023December 31, 2022
(in millions)
Assets:
Cash equivalents$78.7 $29.8 
Restricted cash129.4 214.7 
Total assets$208.1 $244.5 
Fair Value, Inputs, Level 2 [Member]  
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Level 2
 December 31, 2023December 31, 2022
(in millions)
Assets (1):
Derivatives designated as hedging instruments:
Interest rate hedges $13.1 $19.7 
Foreign currency forward contracts5.8 2.0 
Foreign currency options1.0 — 
Derivatives not designated as hedging instruments:
TILC warehouse facility – interest rate cap6.6 21.6 
Total assets$26.5 $43.3 
Liabilities (2):
Derivatives designated as hedging instruments:
Interest rate hedges $2.5 $— 
Derivatives not designated as hedging instruments:
TILC – interest rate cap6.6 21.6 
Total liabilities$9.1 $21.6 
(1) Included in other assets in our Consolidated Balance Sheets.
(2) Included in accrued liabilities in our Consolidated Balance Sheets.