v3.26.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income $ 123.1 $ 47.1
Loss from discontinued operations, net of benefit for income taxes of $1.1, $0.5, $1.7, and $1.1 (5.7) (3.8)
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity [Abstract]    
Depreciation and amortization 144.1 149.5
Stock-based compensation expense 10.4 10.7
Provision (benefit) for deferred income taxes 35.4 (5.0)
Gain (Loss) on Sale of Property, Plant and Equipment, Railroad Transportation Equipment 30.2 13.7
Gain on Divestiture of Partially-owned Leasing Subsidiary (131.6) 0.0
Gains on dispositions of property and other assets (2.1) (5.3)
Non-cash interest expense 5.4 5.0
Loss on extinguishment of debt 0.0 0.8
Other 3.8 0.9
Changes in operating assets and liabilities:    
(Increase) decrease in receivables 46.3 55.2
(Increase) decrease in income tax receivable 20.8 (18.0)
(Increase) decrease in inventories (64.5) 16.5
(Increase) decrease in other assets 3.2 4.3
Increase (decrease) in accounts payable 12.3 (32.4)
Increase (decrease) in accrued liabilities (10.2) (70.3)
Increase (decrease) in other liabilities 0.5 (7.2)
Net cash provided by operating activities – continuing operations 172.4 141.9
Net cash used in operating activities – discontinued operations (5.7) (3.8)
Net cash provided by operating activities 166.7 138.1
Investing activities:    
Capital expenditures – lease fleet 240.3 295.7
Proceeds From Sale Of Property Subject To Or Available For Operating Lease 114.3 63.0
Capital expenditures – operating and administrative (18.0) (17.9)
Proceeds from dispositions of property and other assets 6.7 8.5
Cash Divested from Deconsolidation (6.9) 0.0
Net cash used in investing activities (181.8) (242.1)
Financing activities:    
Payments to retire debt (503.4) (904.9)
Proceeds from Debt, Net of Issuance Costs 549.1 1,065.0
Payments to settle contingent consideration liability 0.0 (8.0)
Payments for Repurchase of Common Stock (20.3) (39.0)
Dividends paid to common shareholders (50.5) (50.4)
Purchase of shares to satisfy employee tax on vested stock (9.3) (8.2)
Distributions to noncontrolling interest (4.2) (9.6)
Net cash provided by (used in) financing activities (38.6) 44.9
Net decrease in cash, cash equivalents, and restricted cash (53.7) (59.1)
Cash, cash equivalents, and restricted cash at beginning of period 323.6 374.4
Cash, cash equivalents, and restricted cash at end of period 269.9 315.3
Payments to Acquire Equity Method Investments $ (37.6) $ 0.0