Financial Data of Business Segments (Details) |
3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|
Jun. 30, 2025
USD ($)
|
Jun. 30, 2024
USD ($)
|
Jun. 30, 2025
USD ($)
Segment
|
Jun. 30, 2024
USD ($)
|
Dec. 31, 2024
USD ($)
|
|
Segment Reporting [Abstract] | |||||
Number of business segments | Segment | 3 | ||||
Payment for Management Fee | $ 1,300,000 | $ 900,000 | $ 2,700,000 | $ 1,800,000 | |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Lease revenue | 368,800,000 | 339,600,000 | 728,400,000 | 672,900,000 | |
Non-dedicated engine revenue | 20,500,000 | 13,700,000 | 42,000,000.0 | 26,900,000 | |
Other revenue | 41,200,000 | 33,400,000 | 81,700,000 | 66,800,000 | |
Total Revenues | 430,500,000 | 386,700,000 | 852,100,000 | 766,600,000 | |
Maintenance expense | 104,500,000 | 96,600,000 | 208,000,000.0 | 188,000,000.0 | |
Depreciation expense | 106,900,000 | 98,500,000 | 210,500,000 | 194,500,000 | |
Operating lease expense | 7,100,000 | 9,000,000.0 | 14,700,000 | 18,000,000.0 | |
Other operating expense | 16,500,000 | 13,800,000 | 32,500,000 | 27,400,000 | |
Total Expenses | 235,000,000.0 | 217,900,000 | 465,700,000 | 427,900,000 | |
Net gain on asset dispositions | 40,500,000 | 25,600,000 | 73,900,000 | 61,800,000 | |
Interest expense, net | (96,200,000) | (82,800,000) | (191,100,000) | (160,600,000) | |
Other (expense) income | (1,100,000) | (10,800,000) | (3,800,000) | (10,000,000.0) | |
Share of affiliates' earnings (pre-tax) | 22,500,000 | 16,700,000 | 55,900,000 | 40,600,000 | |
Segment profit (loss) | 161,200,000 | 117,500,000 | 321,300,000 | 270,500,000 | |
Selling, general and administrative expense | 58,200,000 | 58,600,000 | 114,800,000 | 114,500,000 | |
Income taxes | 21,000,000.0 | 10,400,000 | 37,600,000 | 29,000,000.0 | |
Net income | 75,500,000 | 44,400,000 | 154,100,000 | 118,700,000 | |
Net gains on disposition of owned assets | 34,100,000 | 19,800,000 | 65,200,000 | 53,500,000 | |
Residual sharing income | 200,000 | 100,000 | 300,000 | 200,000 | |
Non-remarketing net gains | 6,200,000 | 5,700,000 | 12,000,000.0 | 8,100,000 | |
Asset impairments | 3,600,000 | 0 | |||
Net gain on asset dispositions | 40,500,000 | 25,600,000 | 73,900,000 | 61,800,000 | |
Payments for (Proceeds from) Businesses, Interest in Affiliates, and Productive Assets Acquired | 219,000,000.0 | 442,000,000.0 | 515,300,000 | 820,600,000 | |
Investments in affiliated companies | 706,400,000 | 706,400,000 | $ 663,300,000 | ||
Identifiable assets | 13,200,200,000 | 13,200,200,000 | 12,296,500,000 | ||
Income taxes, affiliates' earnings | 6,500,000 | 4,100,000 | 14,800,000 | 8,300,000 | |
Parent | |||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Income taxes | 27,500,000 | 14,500,000 | 52,400,000 | 37,300,000 | |
Rail North America | |||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Lease revenue | 262,800,000 | 242,100,000 | 522,800,000 | 478,600,000 | |
Other revenue | 32,900,000 | 28,300,000 | 66,200,000 | 56,800,000 | |
Total Revenues | 295,700,000 | 270,400,000 | 589,000,000.0 | 535,400,000 | |
Maintenance expense | 84,300,000 | 77,400,000 | 168,000,000.0 | 150,300,000 | |
Depreciation expense | 71,700,000 | 66,800,000 | 142,100,000 | 131,900,000 | |
Operating lease expense | 7,100,000 | 9,000,000.0 | 14,700,000 | 18,000,000.0 | |
Other operating expense | 7,800,000 | 6,400,000 | 15,300,000 | 13,100,000 | |
Total Expenses | 170,900,000 | 159,600,000 | 340,100,000 | 313,300,000 | |
Net gain on asset dispositions | 39,100,000 | 24,900,000 | 71,200,000 | 59,100,000 | |
Interest expense, net | (64,400,000) | (56,400,000) | (129,100,000) | (109,700,000) | |
Other (expense) income | (2,800,000) | (300,000) | (5,500,000) | (2,400,000) | |
Share of affiliates' earnings (pre-tax) | (100,000) | (200,000) | (100,000) | 0 | |
Segment profit (loss) | 96,600,000 | 78,800,000 | 185,400,000 | 169,100,000 | |
Net gains on disposition of owned assets | 34,100,000 | 19,800,000 | 64,600,000 | 52,700,000 | |
Residual sharing income | 200,000 | 100,000 | 300,000 | 200,000 | |
Non-remarketing net gains | 4,800,000 | 5,000,000.0 | 9,900,000 | 6,200,000 | |
Asset impairments | 3,600,000 | ||||
Net gain on asset dispositions | 39,100,000 | 24,900,000 | 71,200,000 | 59,100,000 | |
Payments for (Proceeds from) Businesses, Interest in Affiliates, and Productive Assets Acquired | 132,200,000 | 308,100,000 | 359,900,000 | 629,800,000 | |
Identifiable assets | 7,900,700,000 | 7,900,700,000 | 7,751,600,000 | ||
Rail North America | RailPulse | |||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Investments in affiliated companies | 100,000 | 100,000 | 200,000 | ||
Rail International | |||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Lease revenue | 89,600,000 | 82,000,000.0 | 173,200,000 | 162,600,000 | |
Other revenue | 6,200,000 | 3,200,000 | 11,100,000 | 6,300,000 | |
Total Revenues | 95,800,000 | 85,200,000 | 184,300,000 | 168,900,000 | |
Maintenance expense | 18,900,000 | 18,200,000 | 37,400,000 | 35,700,000 | |
Depreciation expense | 21,700,000 | 19,400,000 | 41,800,000 | 38,300,000 | |
Operating lease expense | 0 | 0 | 0 | 0 | |
Other operating expense | 4,900,000 | 3,600,000 | 9,500,000 | 7,100,000 | |
Total Expenses | 45,500,000 | 41,200,000 | 88,700,000 | 81,100,000 | |
Net gain on asset dispositions | 1,400,000 | 700,000 | 2,700,000 | 2,000,000.0 | |
Interest expense, net | (20,000,000.0) | (17,500,000) | (39,100,000) | (34,200,000) | |
Other (expense) income | 500,000 | (700,000) | (1,300,000) | (300,000) | |
Share of affiliates' earnings (pre-tax) | 0 | 0 | 0 | 0 | |
Segment profit (loss) | 32,200,000 | 26,500,000 | 57,900,000 | 55,300,000 | |
Net gains on disposition of owned assets | 0 | 0 | 600,000 | 100,000 | |
Residual sharing income | 0 | 0 | 0 | 0 | |
Non-remarketing net gains | 1,400,000 | 700,000 | 2,100,000 | 1,900,000 | |
Asset impairments | 0 | ||||
Net gain on asset dispositions | 1,400,000 | 700,000 | 2,700,000 | 2,000,000.0 | |
Payments for (Proceeds from) Businesses, Interest in Affiliates, and Productive Assets Acquired | 81,100,000 | 59,600,000 | 143,800,000 | 109,500,000 | |
Investments in affiliated companies | 0 | 0 | 0 | ||
Identifiable assets | 2,545,100,000 | 2,545,100,000 | 2,233,300,000 | ||
Engine Leasing | |||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Lease revenue | 8,100,000 | 8,100,000 | 16,200,000 | 16,200,000 | |
Non-dedicated engine revenue | 20,500,000 | 13,700,000 | 42,000,000.0 | 26,900,000 | |
Other revenue | 0 | 0 | 0 | 0 | |
Total Revenues | 28,600,000 | 21,800,000 | 58,200,000 | 43,100,000 | |
Maintenance expense | 0 | 0 | 0 | 0 | |
Depreciation expense | 9,500,000 | 8,600,000 | 18,900,000 | 17,000,000.0 | |
Operating lease expense | 0 | 0 | 0 | 0 | |
Other operating expense | 2,900,000 | 1,900,000 | 5,700,000 | 4,400,000 | |
Total Expenses | 12,400,000 | 10,500,000 | 24,600,000 | 21,400,000 | |
Net gain on asset dispositions | 0 | 0 | 0 | 600,000 | |
Interest expense, net | (11,600,000) | (9,700,000) | (23,800,000) | (19,000,000.0) | |
Other (expense) income | 100,000 | (100,000) | 100,000 | 200,000 | |
Share of affiliates' earnings (pre-tax) | 22,600,000 | 16,900,000 | 56,000,000.0 | 40,600,000 | |
Segment profit (loss) | 27,300,000 | 18,400,000 | 65,900,000 | 44,100,000 | |
Net gains on disposition of owned assets | 0 | 0 | 0 | 600,000 | |
Residual sharing income | 0 | 0 | 0 | 0 | |
Non-remarketing net gains | 0 | 0 | 0 | 0 | |
Asset impairments | 0 | ||||
Net gain on asset dispositions | 0 | 0 | 0 | 600,000 | |
Payments for (Proceeds from) Businesses, Interest in Affiliates, and Productive Assets Acquired | 0 | 71,300,000 | 0 | 71,300,000 | |
Investments in affiliated companies | 706,300,000 | 706,300,000 | 663,100,000 | ||
Identifiable assets | 1,658,300,000 | 1,658,300,000 | 1,653,400,000 | ||
Other | |||||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||||
Lease revenue | 8,300,000 | 7,400,000 | 16,200,000 | 15,500,000 | |
Other revenue | 2,100,000 | 1,900,000 | 4,400,000 | 3,700,000 | |
Total Revenues | 10,400,000 | 9,300,000 | 20,600,000 | 19,200,000 | |
Maintenance expense | 1,300,000 | 1,000,000.0 | 2,600,000 | 2,000,000.0 | |
Depreciation expense | 4,000,000.0 | 3,700,000 | 7,700,000 | 7,300,000 | |
Operating lease expense | 0 | 0 | 0 | 0 | |
Other operating expense | 900,000 | 1,900,000 | 2,000,000.0 | 2,800,000 | |
Total Expenses | 6,200,000 | 6,600,000 | 12,300,000 | 12,100,000 | |
Net gain on asset dispositions | 0 | 0 | 0 | 100,000 | |
Interest expense, net | (200,000) | 800,000 | 900,000 | 2,300,000 | |
Other (expense) income | 1,100,000 | (9,700,000) | 2,900,000 | (7,500,000) | |
Share of affiliates' earnings (pre-tax) | 0 | 0 | 0 | 0 | |
Segment profit (loss) | 5,100,000 | (6,200,000) | 12,100,000 | 2,000,000.0 | |
Net gains on disposition of owned assets | 0 | 0 | 0 | 100,000 | |
Residual sharing income | 0 | 0 | 0 | 0 | |
Non-remarketing net gains | 0 | 0 | 0 | 0 | |
Asset impairments | 0 | ||||
Net gain on asset dispositions | 0 | 0 | 0 | 100,000 | |
Payments for (Proceeds from) Businesses, Interest in Affiliates, and Productive Assets Acquired | 5,700,000 | $ 3,000,000.0 | 11,600,000 | $ 10,000,000.0 | |
Investments in affiliated companies | 0 | 0 | 0 | ||
Identifiable assets | $ 1,096,100,000 | $ 1,096,100,000 | $ 658,200,000 |