XML 62 R48.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Derivatives Not Designated as Hedging Instruments (Details) - Not Designated as Hedging Instrument - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
TILC Warehouse Back to Back Swap Agreements - Open    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Notional Amount [1] $ 680.0  
Derivative, Cap Interest Rate [1] 2.50%  
Derivative Asset [1] $ 36.0  
TILC Warehouse Back to Back Swap Agreements - Open | Other Operating Income (Expense)    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] [1] Other Operating Income (Expense), Net Other Operating Income (Expense), Net
TILC Back to Back Swap Agreements - Open    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Notional Amount [1] $ 680.0  
Derivative, Cap Interest Rate [1] 2.50%  
Derivative Liability [1] $ (36.0)  
Interest Rate Derivative Execution Fee $ 3.1  
TILC Back to Back Swap Agreements - Open | Other Operating Income (Expense)    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] [1] Other Operating Income (Expense), Net [2] Other Operating Income (Expense), Net
TILC Warehouse Back to Back Swap Agreements - Expired [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Notional Amount [1],[3] $ 800.0  
Derivative, Cap Interest Rate [1],[3] 2.50%  
Derivative Asset [1],[3] $ 0.9  
TILC Warehouse Back to Back Swap Agreements - Expired [Member] | Other Operating Income (Expense)    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] [1] Other Operating Income (Expense), Net Other Operating Income (Expense), Net
TILC Back to Back Swap Agreements - Expired [Member]    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Notional Amount [1],[3] $ 800.0  
Derivative, Cap Interest Rate [1],[3] 2.50%  
Derivative Liability [1],[3] $ (0.9)  
TILC Back to Back Swap Agreements - Expired [Member] | Other Operating Income (Expense)    
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] [1] Other Operating Income (Expense), Net Other Operating Income (Expense), Net
[1] Comprised of back-to-back interest rate caps entered into with the same counterparty in connection with our risk management objectives.
[2] The amount recorded to other, net (income) expense in our Consolidated Statements of Operations for the three months ended March 31, 2024 includes a fee of $3.1 million related to the execution of back-to-back interest rate caps associated with the new TILC warehouse loan facility. See Note 8 for further information.
[3] These interest rate caps matured in March 2024 and were settled in April 2024.