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Investment in TRIP Holdings (Tables)
12 Months Ended
Dec. 31, 2011
Investment in TRIP Holdings [Abstract]  
Companies carrying value of its investment in TRIP
                 
    December 31,
2011
    December 31,
2010
 
    (in millions)  

Capital contributions

  $     47.3     $     47.3  

Equity purchased from investors

    44.8       44.8  
   

 

 

   

 

 

 
      92.1       92.1  

Equity in earnings

    12.0       7.5  

Equity in unrealized losses on derivative financial instruments

    (1.3     (1.4

Distributions

    (7.0     (7.0

Deferred broker fees

    (0.6     (0.8
   

 

 

   

 

 

 
    $ 95.2     $ 90.4  
   

 

 

   

 

 

 
Sales of railcars to TRIP Leasing and related gains
                         
    Year Ended December 31,  
    2011     2010     2009  
    (in millions)  

Rail Group:

                       

Sales of railcars to TRIP Leasing

  $     $     $ 113.0  

Gain on sales of railcars to TRIP Leasing

  $     $     $ 11.2  

Deferral of gain on sales of railcars to TRIP Leasing based on Trinity’s equity interest

  $     $     $ 2.8  

TILC:

                       

Sales of railcars to TRIP Leasing:

                       

Railcars owned one year or less at the time of sale

  $     $     $ 39.4  

Railcars owned for more than one year at the time of sale

                144.4  
   

 

 

   

 

 

   

 

 

 
    $     $     $   183.8  
   

 

 

   

 

 

   

 

 

 

Recognition of previously deferred gain on sales of railcars to TRIP Leasing

  $     $     $ 30.3  

Deferral of gain on sales of railcars to TRIP Leasing based on Trinity’s equity interest

  $         —     $         —     $ 7.6