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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net income $ 126.6 $ 72.9 $ 181.8
Income (loss) from discontinued operations, net of provision (benefit) for income taxes of $(3.6), $(1.1), and $3.5 (13.4) (20.3) 11.1
Gain (loss) on sale of discontinued operations, net of provision (benefit) for income taxes of $—, $(1.4), and $51.9 0.0 5.7 (131.4)
Depreciation and amortization 293.2 276.4 265.7
Stock-based compensation expense 22.7 22.5 20.7
Provision (benefit) for deferred income taxes (41.5) 14.7 13.1
Net gains on lease portfolio sales (82.8) (126.2) (54.1)
Gain (Loss) on Disposition of Property, Plant and Equipment, Other 0.5 18.0 20.0
Gains on Insurance Recoveries from Property Damage 6.3 7.5 7.8
Non-cash impact of restructuring activities (2.2) 0.0 0.0
Non-cash interest expense 12.7 13.2 13.7
Loss on extinguishment of debt 0.0 1.5 11.7
Other (5.7) (5.3) (3.1)
(Increase) decrease in receivables (22.0) (92.0) (64.3)
(Increase) decrease in income tax receivable 0.0 (2.4) 440.4
(Increase) decrease in inventories (54.9) (193.4) (147.7)
(Increase) decrease in other assets (0.6) (11.5) 11.4
Increase (decrease) in accounts payable 2.2 78.4 59.2
Increase (decrease) in accrued liabilities 53.2 (37.2) 36.5
Increase (decrease) in other liabilities 1.5 (2.9) 0.9
Net cash provided by operating activities – continuing operations 309.0 9.2 615.6
Net cash used in operating activities – discontinued operations (13.4) (22.0) (3.8)
Net cash provided by (used in) operating activities 295.6 (12.8) 611.8
Proceeds from dispositions of property and other assets 19.9 44.0 40.5
Proceeds From Sale Of Property Subject To Or Available For Operating Lease 381.8 750.7 454.3
Capital expenditures – lease fleet (668.8) (928.8) (547.2)
Capital expenditures – manufacturing and other (41.3) (38.0) (23.6)
Acquisitions, net of cash acquired (62.2) (80.4) (16.6)
Proceeds from insurance recoveries 5.1 10.0 9.5
Payments to Acquire Equity Method Investments (1.1) (15.5)  
Proceeds from Equity Method Investment, Distribution     0.1
Payments for (Proceeds from) Other Investing Activities 3.6 0.0 0.0
Net cash used in investing activities – continuing operations (363.0) (258.0) (83.0)
Net Cash Provided by (Used in) Investing Activities, Total (363.0) (260.7) 276.3
Payments to retire debt (1,518.9) (1,578.5) (2,315.8)
Proceeds from issuance of debt 1,652.7 2,000.6 2,444.1
Shares repurchased 0.0 (51.8) (833.4)
Dividends paid to common shareholders (86.0) (76.9) (88.5)
Purchase of shares to satisfy employee tax on vested stock (7.2) (5.7) (9.3)
Distributions to noncontrolling interest 32.4 22.3 11.2
Net cash provided by (used in) financing activities 8.2 265.4 (814.1)
Net decrease in cash, cash equivalents, and restricted cash (59.2) (8.1) 74.0
Cash, cash equivalents, and restricted cash at beginning of period 294.3 302.4 228.4
Cash, cash equivalents, and restricted cash at end of period 235.1 294.3 302.4
Interest paid 246.2 190.5 178.4
Income tax (payments), net of refunds (42.4) (19.3) 435.7
Sale of Highway Products      
Income (loss) from discontinued operations, net of provision (benefit) for income taxes of $(3.6), $(1.1), and $3.5 (13.4) (20.3) 11.9
Gain (loss) on sale of discontinued operations, net of provision (benefit) for income taxes of $—, $(1.4), and $51.9   4.4  
Proceeds from (Payments to) related to the Sale of Discontinued Operations, Net of Cash Divested | Sale of Highway Products      
Proceeds (Payments) Related to Sale of Discontinued Operations 0.0 (2.7) 364.7
Other Investing Activities      
Net cash used in investing activities – discontinued operations $ 0.0 $ 0.0 $ (5.4)