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Note 9. Debt (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The carrying amounts and estimated fair values of our debt are as follows:
December 31, 2023December 31, 2022
Carrying ValueEstimated Fair ValueCarrying ValueEstimated Fair Value
 (in millions)
Corporate – Recourse:
Revolving credit facility$— $— $225.0 $225.0 
Senior notes due 2024, net of unamortized discount of $0.1 and $0.1
399.9 394.5 399.9 387.5 
Senior notes due 2028400.0 417.6 — — 
799.9 812.1 624.9 612.5 
Less: unamortized debt issuance costs(5.3)(0.8)
Total recourse debt794.6 624.1 
Leasing – Non-recourse:
Wholly-owned subsidiaries:
2009 secured railcar equipment notes99.7 100.3 115.8 116.6 
2010 secured railcar equipment notes181.2 176.5 204.1 197.1 
2017 promissory notes, net of unamortized discount of $3.5 and $5.6
673.7 673.7 716.0 716.0 
2018 secured railcar equipment notes, net of unamortized discount of $0.1 and $0.1
378.0 355.2 398.9 360.9 
2019 secured railcar equipment notes, net of unamortized discount of $0.1 and $0.2
748.5 709.4 786.0 716.9 
2020 secured railcar equipments notes, net of unamortized discount of $— and $—
311.3 277.9 330.4 284.6 
2021 secured railcar equipment notes, net of unamortized discount of $— and $—
295.3 256.9 307.7 253.9 
2022 secured railcar equipment notes, net of unamortized discount of $— and $—
232.7 220.2 241.1 239.7 
TRL-2023 term loan334.5 334.5 — — 
TILC warehouse facility529.3 529.3 721.8 721.8 
Other equipment financing52.3 52.3 — — 
3,836.5 3,686.2 3,821.8 3,607.5 
Less: unamortized debt issuance costs(17.3)(21.1)
3,819.2 3,800.7 
Partially-owned subsidiaries:
TRP-2021 secured railcar equipment notes, net of unamortized discount of $— and $—
335.1 296.3 347.0 291.8 
Triumph Rail secured railcar equipment notes, net of unamortized discount of $0.1 and $0.2
501.7 447.6 523.0 451.4 
Tribute Rail secured railcar equipment notes, net of unamortized discount of $— and $0.1
311.0 300.1 322.6 281.1 
1,147.8 1,044.0 1,192.6 1,024.3 
Less: unamortized debt issuance costs(7.4)(9.8)
1,140.4 1,182.8 
Total non–recourse debt4,959.6 4,983.5 
Total debt$5,754.2 $5,542.3 $5,607.6 $5,244.3 
Schedule of Maturities of Long-term Debt [Table Text Block]
The remaining principal payments under existing debt agreements as of December 31, 2023 based on the anticipated repayment dates are as follows:
20242025202620272028ThereafterTotal
(in millions)
Recourse:
Senior notes due 2024$400.0 $— $— $— $— $— $400.0 
Senior notes due 2028— — — — 400.0 — 400.0 
Non-recourse – leasing (Note 6):
2009 secured railcar equipment notes14.2 19.4 18.2 17.2 19.4 11.3 99.7 
2010 secured railcar equipment notes30.8 20.4 25.5 28.3 24.0 52.2 181.2 
2017 promissory notes
44.4 632.8 — — — — 677.2 
2018 secured railcar equipment notes
18.9 14.8 14.4 18.1 311.9 — 378.1 
2019 secured railcar equipment notes
36.5 35.0 677.1 — — — 748.6 
2020 secured railcar equipment notes14.1 11.1 13.9 272.2 — — 311.3 
2021 secured railcar equipment notes13.3 12.6 14.0 14.0 241.4 — 295.3 
2022 secured railcar equipment notes9.0 6.7 8.1 8.2 8.2 192.5 232.7 
TRL-2023 term loan11.0 11.0 11.1 11.1 290.3 — 334.5 
TILC warehouse facility
17.2 22.9 — — — — 40.1 
Facility termination payments – TILC warehouse facility
— 489.2 — — — — 489.2 
Other equipment financing2.3 2.4 2.5 2.7 2.9 39.5 52.3 
TRP-2021 secured railcar equipment notes 15.5 15.8 17.2 286.6 — — 335.1 
Triumph Rail secured railcar equipment notes 32.3 29.1 23.3 417.1 — — 501.8 
Tribute Rail secured railcar equipment notes13.7 14.9 282.4 — — — 311.0 
Total principal payments$673.2 $1,338.1 $1,107.7 $1,075.5 $1,298.1 $295.5 $5,788.1