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Railcar Leasing and Services Group - Selected Income Statement Information (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenues $ 809.6 $ 641.7
Cost of revenues 644.9 538.5
Selling, engineering, and administrative expenses 52.3 49.9
Lease portfolio sales 2.1 13.5
Gain (Loss) on Disposition of Other Assets 0.7 1.8
Operating Income (Loss) 115.2 69.0
Depreciation and amortization expense (4) 73.4 74.0
Railroad Transportation Equipment [Member]    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Depreciation and amortization expense (4) [1],[2] $ 59.9 61.6
Depreciation, Depletion, and Amortization, Percent Change [1],[2] (2.80%)  
Maintenance and compliance expense (5) [1],[3] $ 30.4 34.8
Maintenance Costs, Percent Change [1],[3] (12.60%)  
Other fleet operating costs [1],[4] $ 7.7 9.2
Other fleet operating costs, Percent Change [1],[4] (16.30%)  
Interest expense (7) [1],[5] $ 57.4 54.8
Interest Expense, Percent Change [1],[5] 4.70%  
Operating Segments [Member]    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenues $ 809.6 641.7
Operating Income (Loss) 144.1 108.7
Leasing & Services | Operating Segments [Member]    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenues $ 285.2 232.9
Revenues, Percent Change 22.50%  
Cost of revenues [6] $ 169.6 146.8
Cost of revenues, Percent Change [6] 15.50%  
Selling, engineering, and administrative expenses $ 18.1 16.9
Selling, Engineering, and Administrative Expense, Percent Change 7.10%  
Lease portfolio sales $ 2.1 13.5
Gain (Loss) on Disposition of Other Assets 0.7 1.9
Operating Income (Loss) $ 100.3 $ 84.6
Operating Income (Loss), Percent Change 18.60%  
Operating Profit Margin 35.20% 36.30%
Operating Profit Margin, excluding Lease portfolio sales 34.40% 30.50%
Leasing & Services | Operating Segments [Member] | Sustainable Railcar Conversions    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Depreciation and amortization expense (4)   $ 4.7
Leasing & Services | Leasing and Management [Member] | Operating Segments [Member]    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenues $ 209.0 194.7
Revenues, Percent Change 7.30%  
Leasing & Services | Maintenance services | Operating Segments [Member]    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenues [7] $ 65.2 29.4
Revenues, Percent Change [7] 121.80%  
Leasing & Services | Digital & Logistics Services | Operating Segments [Member]    
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]    
Revenues $ 11.0 $ 8.8
Revenues, Percent Change 25.00%  
[1] Includes wholly-owned railcars, partially-owned railcars, and railcars under leased-in arrangements.
[2] Depreciation and amortization expense includes $4.7 million for the three months ended March 31, 2023 related to the disposal of certain railcar components associated with our sustainable railcar conversion program. Additionally, amortization of deferred profit on railcars sold from the Rail Products Group to the Leasing Group is included in depreciation and amortization expense, resulting in the recognition of depreciation expense based on our original manufacturing cost of the railcars.
[3] Maintenance and compliance expense is reported at cost with respect to the work that is completed by our maintenance services business to support the railcars in our lease fleet.
[4] Other fleet operating costs include freight, storage, rent, and ad valorem taxes.
[5] Interest expense is not a component of operating profit and includes the effect of hedges.
[6] Includes depreciation and amortization expense, maintenance and compliance expense, and other fleet operating costs related to our lease fleet, as well as cost of revenues for our maintenance services and digital and logistics services businesses.
[7] Revenues related to services performed by the maintenance services business to support the railcars in our lease fleet are eliminated within the Railcar Leasing & Services Group and are excluded from the totals reported on this line.