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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities:    
Net income $ 52.3 $ 25.6
Adjustments to reconcile net income to net cash provided (required) by operating activities:    
Depreciation and amortization 49.1 47.6
Stock-based compensation expense 6.9 5.3
Excess tax benefits from stock-based compensation (0.3)  
Provision for deferred income taxes 26.1 11.5
Net gains on sales of railcars owned more than one year at the time of sale (3.7) (1.1)
Gain on disposition of property, plant, equipment, and other assets (3.8) (0.8)
Other 2.3 2.3
Changes in assets and liabilities:    
(Increase) decrease in receivables 17.1 (75.6)
(Increase) decrease in income tax receivable 0.2 (0.6)
(Increase) decrease in inventories (46.1) (82.2)
(Increase) decrease in other assets (3.3) (1.6)
Increase (decrease) in accounts payable 13.5 47.0
Increase (decrease) in accrued liabilities (33.4) 12.2
Increase (decrease) in other liabilities (5.9) 4.8
Net cash provided (required) by operating activities 71.0 (5.6)
Investing activities:    
(Increase) decrease in short-term marketable securities   41.0
Proceeds from sales of railcars owned more than one year at the time of sale 26.5 10.0
Proceeds from disposition of property, plant, equipment, and other assets 12.9 2.9
Capital expenditures - leasing, net of sold railcars owned one year or less (100.0) (81.5)
Capital expenditures - manufacturing and other (16.4) (8.0)
Net cash required by investing activities (77.0) (35.6)
Financing activities:    
Proceeds from issuance of common stock, net 0.7 1.4
Excess tax benefits from stock-based compensation 0.3  
Payments to retire debt - other (52.6) (42.8)
Proceeds from issuance of debt 2.2  
Deferred loan issuance costs   (5.9)
(Increase) decrease in restricted cash 16.3 1.1
Dividends paid to common shareholders (7.2) (6.3)
Net cash required by financing activities (40.3) (52.5)
Net decrease in cash and cash equivalents (46.3) (93.7)
Cash and cash equivalents at beginning of period 351.1 354.0
Cash and cash equivalents at end of period $ 304.8 $ 260.3