v3.25.2
Segment Information - Financial information for segments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]              
External Revenue $ 506.2   $ 841.4   $ 1,091.6 $ 1,651.0  
Revenues, Total 506.2   841.4   1,091.6 1,651.0  
Depreciation and amortization 75.2   73.8   149.5 147.2  
Selling, engineering, and administrative expenses 49.4   61.3   99.4 113.6  
Gain (Loss) on Sale of Property, Plant and Equipment, Railroad Transportation Equipment (7.8)   (22.7)   (13.7) (24.8)  
Operating Profit (Loss) 95.4   141.9   195.2 257.1  
Other (income) expense 69.4   66.7   132.8 139.2  
Provision (benefit) for income taxes 4.1   17.1   11.5 28.1  
Loss from discontinued operations, net of benefit for income taxes of $0.5, $0.5, $1.1, and $1.8 (1.9)   (1.7)   (3.8) (6.0)  
Net income 20.0 $ 27.1 56.4 $ 27.4 47.1 83.8  
Assets 8,810.0       8,810.0   $ 8,832.2
Operating Segment Assets 9,158.9       9,158.9   9,119.4
Segment, Expenditure, Addition to Long-Lived Assets 184.2   96.5   313.6 248.6  
Operating Segments [Member]              
Segment Reporting Information [Line Items]              
Revenues, Total 595.9   915.6   1,303.8 1,868.2  
Operating Profit (Loss) 127.5   178.4   257.9 322.5  
Intersegment Eliminations [Member]              
Segment Reporting Information [Line Items]              
Intersegment Revenues 89.7   74.2   212.2 217.2  
Revenues, Total (89.7)   (74.2)   (212.2) (217.2)  
Operating Profit (Loss) (5.6)   (3.2)   (11.8) (5.6)  
Assets (667.5)       (667.5)   (670.5)
Leasing & Services              
Segment Reporting Information [Line Items]              
External Revenue 302.1   280.5   589.3 564.8  
Depreciation and amortization 67.4   65.6   133.9 131.0  
Segment, Expenditure, Addition to Long-Lived Assets 179.1   91.4   301.6 241.4  
Leasing & Services | Operating Segments [Member]              
Segment Reporting Information [Line Items]              
Revenues, Total 302.4   281.4   589.8 566.6  
Selling, engineering, and administrative expenses [1] 13.9   20.0   32.6 38.1  
Gain (Loss) on Sale of Property, Plant and Equipment, Railroad Transportation Equipment [1] (7.8)   (22.7)   (13.7) (24.8)  
Segment Reporting, Other Segment Item, Amount [2] 72.8   61.0   143.8 139.6  
Operating Profit (Loss) 118.6   128.0   223.1 228.3  
Assets 8,265.5       8,265.5   8,151.7
Leasing & Services | Operating Segments [Member] | Railroad Transportation Equipment [Member]              
Segment Reporting Information [Line Items]              
Depreciation and amortization [1],[3],[4] 61.8   60.1   122.9 120.0  
Maintenance and compliance expense (5) [1],[3],[5] 43.1   35.0   81.1 65.4  
Leasing & Services | Intersegment Eliminations [Member]              
Segment Reporting Information [Line Items]              
Intersegment Revenues 0.3   0.9   0.5 1.8  
Rail Products Group [Member]              
Segment Reporting Information [Line Items]              
External Revenue 204.1   560.9   502.3 1,086.2  
Depreciation and amortization 6.9   7.1   13.9 14.0  
Segment, Expenditure, Addition to Long-Lived Assets 4.6   4.8   11.2 6.9  
Rail Products Group [Member] | Operating Segments [Member]              
Segment Reporting Information [Line Items]              
Revenues, Total 293.5   634.2   714.0 1,301.6  
Cost of Revenue [1],[6] 277.9   576.0   665.6 1,191.9  
Selling, engineering, and administrative expenses [1] 6.7   7.8   13.6 15.5  
Segment Reporting, Other Segment Item, Amount [2] 0.0   0.0   0.0 0.0  
Operating Profit (Loss) 8.9   50.4   34.8 94.2  
Assets 893.4       893.4   967.7
Rail Products Group [Member] | Intersegment Eliminations [Member]              
Segment Reporting Information [Line Items]              
Intersegment Revenues 89.4   73.3   211.7 215.4  
Corporate Segment [Member]              
Segment Reporting Information [Line Items]              
Depreciation and amortization 0.9   1.1   1.7 2.2  
Operating Profit (Loss) (26.5)   (33.3)   (50.9) (59.8)  
Segment, Expenditure, Addition to Long-Lived Assets 0.5   $ 0.3   0.8 $ 0.3  
Corporate Segment and Other Operating Segment | Operating Segments [Member]              
Segment Reporting Information [Line Items]              
Assets $ 318.6       $ 318.6   $ 383.3
[1] Significant expense categories and amounts align with the segment-level information that is regularly provided to and reviewed by the CODM. Intersegment expenses are included within the amounts shown.
[2] Other segment items for each reportable segment include:
–Railcar Leasing and Services Group: the remaining operating costs for our maintenance services and digital and logistics services businesses, including materials, labor, and overhead costs; other operating costs for the lease fleet, including equipment rental, property taxes, and freight and storage expenses; and gains or losses on dispositions of other property.
–Rail Products Group: (gains) or losses on dispositions of other property.
[3] Includes wholly-owned railcars, partially-owned railcars, and railcars under leased-in arrangements.
[4] Depreciation and amortization expense includes deferred profit related to new railcar additions, sustainable railcar conversions, railcar modifications, and other betterments, resulting in the recognition of depreciation expense based on the original cost of the railcars and services.
[5] Maintenance and compliance expense is reported at cost with respect to the services performed by our maintenance services business to support the railcars in our lease fleet.
[6] Cost of revenues in the Rail Products Group primarily includes materials, labor, and overhead, including depreciation and amortization.