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Note 6. Railcar Leasing and Management Services Group Railcar Leasing and Management Services Group (Tables)
 12 Months Ended
Dec. 31, 2023
Sale Leaseback Transaction [Line Items]  
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block] Selected consolidated financial information for the Leasing Group is as follows:
December 31, 2023
Wholly-
Owned
Subsidiaries		Partially-Owned SubsidiariesTotal Leasing Group
Eliminations – Lease Subsidiary (1)
Adjusted Total Leasing Group
(in millions)
Cash and cash equivalents$6.7 $— $6.7 $— $6.7 
Accounts receivable141.8 15.9 157.7 157.7 
Property, plant, and equipment, net5,940.7 1,473.2 7,413.9 (750.2)6,663.7 
Restricted cash98.8 30.6 129.4 — 129.4 
Other assets186.2 1.8 188.0 — 188.0 
Total assets$6,374.2 $1,521.5 $7,895.7 $(750.2)$7,145.5 
Accounts payable and accrued liabilities$131.8 $33.1 $164.9 $— $164.9 
Debt, net3,819.2 1,140.4 4,959.6 — 4,959.6 
Deferred income taxes1,130.2 1.1 1,131.3 (171.9)959.4 
Other liabilities40.2 — 40.2 — 40.2 
Total liabilities5,121.4 1,174.6 6,296.0 (171.9)6,124.1 
Noncontrolling interest— 236.3 236.3 — 236.3 
Total Equity$1,252.8 $110.6 $1,363.4 $(578.3)$785.1 
December 31, 2022
Wholly-
Owned
Subsidiaries		Partially-Owned SubsidiariesTotal Leasing Group
Eliminations – Lease Subsidiary (1)
Adjusted Total Leasing Group
(in millions)
Cash and cash equivalents$2.6 $— $2.6 $— $2.6 
Accounts receivable89.9 10.8 100.7 — 100.7 
Property, plant, and equipment, net5,788.1 1,521.3 7,309.4 (763.3)6,546.1 
Restricted cash140.3 74.4 214.7 — 214.7 
Other assets150.3 2.2 152.5 — 152.5 
Total assets$6,171.2 $1,608.7 $7,779.9 $(763.3)$7,016.6 
Accounts payable and accrued liabilities$109.7 $44.1 $153.8 $— $153.8 
Debt, net3,800.7 1,182.8 4,983.5 — 4,983.5 
Deferred income taxes1,152.3 1.1 1,153.4 (173.1)980.3 
Other liabilities38.8 — 38.8 — 38.8 
Total liabilities5,101.5 1,228.0 6,329.5 (173.1)6,156.4 
Noncontrolling interest— 257.2 257.2 — 257.2 
Total Equity$1,069.7 $123.5 $1,193.2 $(590.2)$603.0 
(1) Net deferred profit on railcars sold to the Leasing Group consists of intersegment profit that is eliminated in consolidation. Net deferred profit and the related deferred tax impact are included as adjustments to the property, plant, and equipment, net and deferred income taxes line items, respectively, in the Eliminations – Lease Subsidiary column above to reflect the net book value of the railcars purchased by the Leasing Group from the Rail Products Group based on manufacturing cost. See Note 5 and Note 9 for a further discussion regarding our investment in our partially-owned leasing subsidiaries and the related indebtedness.
Consolidating Financial Performance Information of Specific Segment of Company
 Year Ended December 31,Percent Change
 202320222021
2023 versus 2022
2022 versus 2021
($ in millions)
Revenues:
Leasing and management$870.9 $770.6 $735.3 13.0 %4.8 %
Operating profit (1):
Leasing and management$345.7 $295.8 $296.8 16.9 %(0.3)%
Lease portfolio sales (2)
82.8 127.5 54.1 **
Total operating profit$428.5 $423.3 $350.9 1.2 %20.6 %
Total operating profit margin49.2 %54.9 %47.7 %
Leasing and management operating profit margin
39.7 %38.4 %40.4 %
Selected expense information:
Depreciation and amortization (3)
$244.6 $236.4 $226.0 3.5 %4.6 %
Maintenance and compliance$138.9 $113.4 $95.0 22.5 %19.4 %
Rent and ad valorem taxes$15.9 $19.3 $18.4 (17.6)%4.9 %
Selling, engineering, and administrative expenses
$56.6 $54.0 $50.6 4.8 %6.7 %
Interest (4)
$227.2 $186.7 $181.6 21.7 %2.8 %
 * Not meaningful
(1) Operating profit includes: depreciation and amortization; fleet operating costs, which include maintenance, compliance, freight, and storage; rent and ad valorem taxes; and selling, engineering, and administrative expenses. Amortization of deferred profit on railcars sold from the Rail Products Group to the Leasing Group is included in the operating profits of the Leasing Group, resulting in the recognition of depreciation expense based on our original manufacturing cost of the railcars. Interest expense is not a component of operating profit and includes the effect of hedges.
(2) Includes $1.3 million selling profit associated with sales-type leases for the year ended December 31, 2022.
(3) Depreciation and amortization expense includes $5.6 million, $12.1 million, and $8.8 million for the years ended December 31, 2023, 2022, and 2021, respectively, related to the disposal of certain railcar components associated with our sustainable railcar conversion program.
(4) Interest expense for the year ended December 31, 2022 includes $1.5 million of loss on extinguishment of debt associated with the repayment of TRIP Railcar Co. LLC's outstanding term loan agreement. Interest expense for the year ended December 31, 2021 includes $11.7 million of loss on extinguishment of debt associated with the refinancing of our partially-owned subsidiaries' debt.
Sale Of Leased Railcars [Table Text Block]
Information related to lease portfolio sales is as follows:
Year Ended December 31,
202320222021
($ in millions)
Lease portfolio sales$381.8 $750.7 $460.7 
Operating profit on lease portfolio sales (1)
$82.8 $126.2 $54.1 
Operating profit margin on lease portfolio sales21.7 %16.8 %11.7 %
(1) Excludes $1.3 million selling profit associated with sales-type leases for the year ended December 31, 2022.
Operating Leases of Lessor Disclosure [Table Text Block] Future contractual minimum rental revenues on operating leases related to our wholly-owned and partially-owned subsidiaries are as follows:
20242025202620272028ThereafterTotal
 (in millions)
Future contractual minimum rental revenues$674.8 $551.4 $432.1 $317.5 $184.7 $320.0 $2,480.5 
Other Third Parties [Member]  
Sale Leaseback Transaction [Line Items]  
Sale Leaseback Transactions [Table Text Block] Future amounts due as well as future contractual minimum rental revenues related to the Leasing Group's railcar operating lease obligations are as follows: 
20242025202620272028ThereafterTotal
 (in millions)
Future operating lease obligations
$8.0 $7.2 $6.9 $6.5 $4.3 $6.7 $39.6 
Future contractual minimum rental revenues
$7.5 $5.1 $3.2 $0.9 $0.2 $— $16.9