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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2011
Derivative Instruments [Abstract]  
Interest rate hedges
                                         
                Included in accompanying balance
sheet at December 31, 2011
 
    Notional
Amount
    Interest
Rate(1)
    Liability     AOCL  —
loss/

(income)
    Noncontrolling
Interest
 
    (in millions, except %)  

Interest rate locks:

                                       

2005-2006

  $ 200.0       4.87         $ (2.3      

2006-2007

  $ 370.0       5.34         $ 10.6        

TRIP Holdings (2)

  $ 788.5       3.60         $ 23.4     $   17.5  
           

Interest rate swaps:

                                       

TRIP Rail Master Funding secured railcar equipment notes

  $ 89.5       2.62   $ 4.8     $ 2.7     $ 2.0  

2008 debt issuance

  $   474.7       4.13   $   48.9     $   46.7        

 

(1) Weighted average fixed interest rate

(2) Previously classified with interest rate swaps

Interest rate hedges effect on interest expense
                                 
    Effect on interest
expense –increase/(decrease)
 
    Year Ended December 31,     Expected  effect
during next
twelve months (1)
 
    2011     2010     2009    
    (in millions)  

Interest rate locks:

                               

2005-2006

  $ (0.4   $ (0.4   $ (0.4   $ (0.3

2006-2007

  $ 3.5     $ 3.8     $ 4.0     $ 3.4  

TRIP Holdings (2)

  $ 17.4     $ 29.3           $ 6.0  

Interest rate swaps:

                               

TILC warehouse

        $ 0.5     $ 2.9        

TRIP Rail Master Funding secured

railcar equipment notes

  $ 1.1                 $ 1.7  

2008 debt issuance

  $   19.6     $   19.7     $   21.6     $   17.0  

 

(1) Based on fair value as of December 31, 2011

(2) Previously classified with interest rate swaps

Other Derivatives
                         
    Effect on operating income —
increase/(decrease)
 
    Year Ended December 31,  
    2011     2010     2009  
    (in millions)  

Fuel hedges (1)

                       

Effect of mark to market valuation

  $   0.0     $ 0.0     $ (0.3

Settlements

    0.4       (0.1     (1.2
   

 

 

   

 

 

   

 

 

 
    $ 0.4     $ (0.1   $ (1.5

Foreign exchange hedges (2)

  $ 0.1     $   (0.9   $   (1.9

 

(1) Included in cost of revenues in the accompanying consolidated statement of operations

(2) Included in other, net in the accompanying consolidated statement of operations