Debt (Tables)

12 Months Ended

Dec. 31, 2011

Debt [Abstract]

Components of debt

	December 31, 2011			December 31, 2010
	(in millions)
Manufacturing/Corporate — Recourse:
Revolving credit facility	$	—		$	—
Convertible subordinated notes		450.0			450.0
Less: unamortized discount		(99.8	)		(111.1	)
		350.2			338.9
Other		4.2			2.8
		354.4			341.7
Leasing — Recourse:
Capital lease obligations		48.6			51.2
Term loan		54.7			57.4
		457.7			450.3
Leasing — Non-recourse:
2006 secured railcar equipment notes		269.3			283.2
Promissory notes		465.5			493.8
2009 secured railcar equipment notes		218.4			229.2
2010 secured railcar equipment notes		354.3			367.1
TILC warehouse facility		308.5			80.2
TRIP Holdings senior secured notes:
Total outstanding		170.0			—
Less: owned by Trinity		(108.8	)		—
		61.2			—
TRIP Master Funding secured railcar equipment notes		840.0			—
TRIP warehouse loan		—			1,003.9
		2,517.2			2,457.4
Total debt	$	2,974.9		$	2,907.7

Total interest expenses recognized on the convertible subordinated notes

	Year Ended December 31,
	2011		2010		2009
	(in millions)
Coupon rate interest	$	17.4	$	17.4	$	17.4
Amortized debt discount		11.3		10.5		9.6
	$	28.7	$	27.9	$	27.0

Remaining principal payments under existing debt agreements

	2012		2013		2014			2015		2016		Thereafter
	(in millions)
Recourse:
Manufacturing/Corporate	$	1.1	$	1.2	$	1.2		$	0.2	$	0.2	$	450.3
Leasing – capital lease obligations (Note 5)		2.8		2.9		3.1			3.3		3.5		33.0
Leasing – term loan (Note 5)		2.8		3.0		3.3			3.5		42.1		—
Non-recourse – leasing (Note 5):
2006 secured railcar equipment notes		13.5		15.1		16.9			18.6		21.9		183.3
Promissory notes		31.2		33.6		30.4			28.1		342.2		—
2009 secured railcar equipment notes		9.2		10.2		9.9			9.6		6.5		173.0
2010 secured railcar equipment notes		12.8		14.6		14.0			15.3		15.0		282.6
TILC warehouse facility		9.4		8.5		4.6			—		—		—
TRIP Holdings senior secured notes
Total outstanding		—		—		170.0			—		—		—
Less: owned by Trinity		—		—		(108.8	)		—		—		—
						61.2
TRIP Master Funding secured railcar equipment notes		41.0		41.1		40.2			35.9		29.4		652.4
Facility termination payments:
TILC warehouse facility		—		94.8		191.2			—		—		—
Total principal payments	$	123.8	$	225.0	$	376.0		$	114.5	$	460.8	$	1,774.6