Debt (Tables)

3 Months Ended

Mar. 31, 2012

Debt [Abstract]

Components of debt

	March 31,			December 31,
	2012			2011
				(as reported)
	(in millions)
Manufacturing/Corporate – Recourse:
Revolving credit facility	$	—		$	—
Convertible subordinated notes		450.0			450.0
Less: unamortized discount		(96.8	)		(99.8	)
		353.2			350.2
Other		6.1			4.2
		359.3			354.4
Leasing – Recourse:
Capital lease obligations		47.9			48.6
Term loan		54.0			54.7
		101.9			103.3
Total recourse debt		461.2			457.7
Leasing – Non-recourse:
2006 secured railcar equipment notes		266.0			269.3
Promissory notes		459.3			465.5
2009 secured railcar equipment notes		216.2			218.4
2010 secured railcar equipment notes		351.3			354.3
TILC warehouse facility		282.7			308.5
TRIP Holdings senior secured notes:
Total outstanding		170.0			170.0
Less: owned by Trinity		(108.8	)		(108.8	)
		61.2			61.2
TRIP Master Funding secured railcar equipment notes		829.6			840.0
Total non-recourse debt		2,466.3			2,517.2
Total debt	$	2,927.5		$	2,974.9

Total interest expenses recognized on the convertible subordinated notes

	Three Months Ended March 31,
	2012		2011
	(in millions)
Coupon rate interest	$	4.4	$	4.4
Amortized debt discount		3.0		2.7
	$	7.4	$	7.1

Remaining principal payments under existing debt agreements

	Remaining nine months of 2012		2013		2014			2015		2016		Thereafter
	(in millions)
Recourse:
Manufacturing/Corporate	$	1.3	$	1.7	$	2.4		$	0.2	$	0.2	$	450.3
Leasing – capital lease obligations (Note 4)		2.1		2.9		3.1			3.3		3.5		33.0
Leasing – term loan (Note 4)		2.1		3.0		3.3			3.5		42.1		—
Non-recourse – leasing (Note 4):
2006 secured railcar equipment notes		10.2		15.1		16.9			18.6		21.9		183.3
Promissory notes		19.5		29.0		26.2			23.2		361.4		—
2009 secured railcar equipment notes		7.0		10.2		9.9			9.6		6.5		173.0
2010 secured railcar equipment notes		9.7		14.6		14.0			15.3		15.0		282.7
TILC warehouse facility		6.4		7.8		4.3			—		—		—
TRIP Holdings senior secured notes:
Total outstanding		—		—		170.0			—		—		—
Less: owned by Trinity		—		—		(108.8	)		—		—		—
						61.2
TRIP Master Funding secured railcar equipment notes		30.6		41.1		40.2			35.9		29.4		652.4
Facility termination payments:
TILC warehouse facility		—		87.6		176.6			—		—		—
Total principal payments	$	88.9	$	213.0	$	358.1		$	109.6	$	480.0	$	1,774.7