Debt (Tables)

6 Months Ended

Jun. 30, 2012

Debt [Abstract]

Components of debt

	June 30,			December 31,
	2012			2011
				(as reported)
	(in millions)
Manufacturing/Corporate – Recourse:
Revolving credit facility	$	—		$	—
Convertible subordinated notes		450.0			450.0
Less: unamortized discount		(93.8	)		(99.8	)
		356.2			350.2
Other		5.7			4.2
		361.9			354.4
Leasing – Recourse:
Capital lease obligations		47.2			48.6
Term loan		52.4			54.7
		99.6			103.3
Total recourse debt		461.5			457.7
Leasing – Non-recourse:
2006 secured railcar equipment notes		262.6			269.3
Promissory notes		452.6			465.5
2009 secured railcar equipment notes		213.9			218.4
2010 secured railcar equipment notes		348.2			354.3
TILC warehouse facility		291.4			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		819.1			840.0
Total non–recourse debt		2,449.0			2,517.2
Total debt	$	2,910.5		$	2,974.9

Total interest expenses recognized on the convertible subordinated notes

	Three Months Ended June 30,				Six Months Ended June  30,
	2012		2011		2012		2011
	(in millions)
Coupon rate interest	$	4.3	$	4.3	$	8.7	$	8.7
Amortized debt discount		3.0		2.8		6.0		5.5
	$	7.3	$	7.1	$	14.7	$	14.2

Remaining principal payments under existing debt agreements

	Remaining six months of 2012		2013		2014			2015		2016		Thereafter
	(in millions)
Recourse:
Manufacturing/Corporate	$	0.9	$	1.7	$	2.4		$	0.2	$	0.2	$	450.3
Leasing – capital lease obligations (Note 5)		1.4		2.9		3.1			3.3		3.5		33.0
Leasing – term loan (Note 5)		1.2		3.0		3.2			3.5		41.5		—
Non-recourse – leasing (Note 5):
2006 secured railcar equipment notes		6.8		15.1		16.9			18.6		21.9		183.3
Promissory notes		14.1		29.8		26.9			24.1		357.7		—
2009 secured railcar equipment notes		4.7		10.2		9.9			9.6		6.5		173.0
2010 secured railcar equipment notes		6.6		14.6		14.0			15.3		15.0		282.7
TILC warehouse facility		4.4		8.2		4.4			—		—		—
TRIP Holdings senior secured notes:
Total outstanding		—		—		170.0			—		—		—
Less: owned by Trinity		—		—		(108.8	)		—		—		—
						61.2
TRIP Master Funding secured railcar equipment notes		20.1		41.1		40.2			35.9		29.4		652.4
Facility termination payments:
TILC warehouse facility		—		91.0		183.4			—		—		—
Total principal payments	$	60.2	$	217.6	$	365.6		$	110.5	$	475.7	$	1,774.7