v3.25.2
Railcar Leasing and Services Group - Selected Income Statement Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Revenues $ 506.2 $ 841.4 $ 1,091.6 $ 1,651.0
Cost of revenues 372.8 662.4 816.0 1,307.3
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
Gain (Loss) on Disposition of Other Assets 3.6 1.5 5.3 2.2
Operating Income (Loss) 95.4 141.9 195.2 257.1
Depreciation and amortization expense (4) 75.2 73.8 149.5 147.2
Operating Segments [Member]        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Revenues 595.9 915.6 1,303.8 1,868.2
Operating Income (Loss) 127.5 178.4 257.9 322.5
Leasing & Services        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Depreciation and amortization expense (4) $ 67.4 65.6 $ 133.9 131.0
Leasing & Services | Railroad Transportation Equipment [Member]        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Depreciation, Depletion, and Amortization, Percent Change [1],[2] 2.80%   2.40%  
Maintenance Costs, Percent Change [1],[3] 23.10%   24.00%  
Other fleet operating costs [1],[4] $ 9.8 8.1 $ 17.8 15.8
Other fleet operating costs, Percent Change [1],[4] 21.00%   12.70%  
Interest expense (7) [1],[5] $ 58.0 60.4 $ 114.4 117.8
Interest Expense, Percent Change [1],[5] (4.00%)   (2.90%)  
Leasing & Services | Operating Segments [Member]        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Revenues $ 302.4 281.4 $ 589.8 566.6
Revenues, Percent Change 7.50%   4.10%  
Cost of revenues [6] $ 179.0 157.4 $ 350.8 327.0
Cost of revenues, Percent Change [6] 13.70%   7.30%  
Selling, engineering, and administrative expenses [7] $ 13.9 20.0 $ 32.6 38.1
Selling, Engineering, and Administrative Expense, Percent Change (30.50%)   (14.40%)  
Gain (Loss) on Sale of Property, Plant and Equipment, Railroad Transportation Equipment [7] $ 7.8 22.7 $ 13.7 24.8
Gain (Loss) on Disposition of Other Assets 1.3 1.3 3.0 2.0
Operating Income (Loss) $ 118.6 $ 128.0 $ 223.1 $ 228.3
Operating Income (Loss), Percent Change (7.30%)   (2.30%)  
Operating Profit Margin 39.20% 45.50% 37.80% 40.30%
Operating Profit Margin, excluding Lease portfolio sales 36.60% 37.40% 35.50% 35.90%
Leasing & Services | Operating Segments [Member] | Railroad Transportation Equipment [Member]        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Depreciation and amortization expense (4) [1],[2],[7] $ 61.8 $ 60.1 $ 122.9 $ 120.0
Maintenance and compliance expense (5) [1],[3],[7] 43.1 35.0 81.1 65.4
Leasing & Services | Leasing and Management [Member] | Operating Segments [Member]        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Revenues $ 233.5 221.9 $ 452.5 430.9
Revenues, Percent Change 5.20%   5.00%  
Leasing & Services | Maintenance services | Operating Segments [Member]        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Revenues [8] $ 59.3 49.0 $ 118.5 114.2
Revenues, Percent Change [8] 21.00%   3.80%  
Leasing & Services | Digital & Logistics Services | Operating Segments [Member]        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Revenues $ 9.6 10.5 $ 18.8 21.5
Revenues, Percent Change (8.60%)   (12.60%)  
Leasing & Services | Sales of Leased Railcars [Domain] | Operating Segments [Member]        
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]        
Gain (Loss) on Sale of Property, Plant and Equipment, Railroad Transportation Equipment $ 7.8 $ 22.7 $ 13.7 $ 24.8
Operating Profit Margin 26.60% 14.00% 21.70% 13.30%
[1] Includes wholly-owned railcars, partially-owned railcars, and railcars under leased-in arrangements.
[2] 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.
[3] 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.
[4] Other fleet operating costs include freight, storage, rent, and ad valorem taxes.
[5] Interest expense is not a component of operating profit and includes the effect of hedges.
[6] Includes depreciation and amortization expense, maintenance and compliance expense, and other fleet operating costs related to our lease fleet, as well as operating costs for our maintenance services and digital and logistics services businesses.
[7] 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.
[8] Revenues related to services performed by the maintenance services business on Company-owned railcars under full-service lease agreements are eliminated within the Railcar Leasing and Services Group and are excluded from the totals reported on this line.