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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities:    
Net income $ 119.8 $ 57.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 98.7 95.4
Stock-based compensation expense 12.5 9.4
Excess tax benefits from stock-based compensation (1.2) (0.3)
Provision for deferred income taxes 61.9 16.6
Net gains on sales of railcars owned more than one year at the time of sale (5.3) (1.5)
Gain on disposition of property, plant, equipment, and other assets (6.1) (3.9)
Other 5.5 6.6
Changes in assets and liabilities:    
(Increase) decrease in receivables 49.4 (99.2)
(Increase) decrease in income tax receivable (3.6) 3.0
(Increase) decrease in inventories (100.0) (138.4)
(Increase) decrease in other assets (26.0) (4.9)
Increase (decrease) in accounts payable 27.2 57.2
Increase (decrease) in accrued liabilities (29.4) (5.4)
Increase (decrease) in other liabilities (4.9) 17.0
Net cash provided by operating activities 198.5 8.8
Investing activities:    
(Increase) decrease in short-term marketable securities   116.0
Proceeds from sales of railcars owned more than one year at the time of sale 34.1 12.2
Proceeds from lease fleet sales - sale and leaseback 7.2  
Proceeds from disposition of property, plant, equipment, and other assets 13.3 5.3
Capital expenditures - leasing, net of sold railcars owned one year or less (172.5) (151.9)
Capital expenditures - manufacturing and other (36.8) (24.6)
Acquisitions, net of cash acquired 0 (15.3)
Net cash required by investing activities (154.7) (58.3)
Financing activities:    
Proceeds from issuance of common stock, net 1.4 1.6
Excess tax benefits from stock-based compensation 1.2 0.3
Payments to retire debt - other (86.7) (79.1)
Proceeds from issuance of debt 16.2 52.7
Deferred loan issuance costs   (5.9)
(Increase) decrease in restricted cash 21.4 1.8
Shares repurchased (35.2)  
Dividends paid to common shareholders (14.5) (12.7)
Other (4.6) (6.1)
Net cash required by financing activities (100.8) (47.4)
Net decrease in cash and cash equivalents (57.0) (96.9)
Cash and cash equivalents at beginning of period 351.1 354.0
Cash and cash equivalents at end of period $ 294.1 $ 257.1