Triton International Limited (TRTN-PC) 10-K 29 Feb 24 2021 Q1 Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Feb. 08, 2024	Jun. 30, 2023
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-37827
Entity Registrant Name	Triton International Limited
Entity Incorporation, State or Country Code	D0
Entity Tax Identification Number	98-1276572
Entity Address, Address Line One	Victoria Place
Entity Address, Address Line Two	5th Floor
Entity Address, Address Line Three	31 Victoria Street
Entity Address, City or Town	Hamilton
Entity Address, Postal Zip Code	HM 10
Entity Address, Country	BM
City Area Code	441
Local Phone Number	294-8033
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 3,202.6
Entity Common Stock, Shares Outstanding		101,158,891
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE None.
Entity Central Index Key	0001660734
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
NEW YORK STOCK EXCHANGE, INC. [Member] | 8.50% Series A Cumulative Redeemable Perpetual Preference Shares
Entity Information [Line Items]
Title of 12(b) Security	8.50% Series A Cumulative Redeemable Perpetual Preference Shares
Trading Symbol	TRTN PRA
Security Exchange Name	NYSE
NEW YORK STOCK EXCHANGE, INC. [Member] | 8.00% Series B Cumulative Redeemable Perpetual Preference Shares
Entity Information [Line Items]
Title of 12(b) Security	8.00% Series B Cumulative Redeemable Perpetual Preference Shares
Trading Symbol	TRTN PRB
Security Exchange Name	NYSE
NEW YORK STOCK EXCHANGE, INC. [Member] | 7.375% Series C Cumulative Redeemable Perpetual Preference Shares
Entity Information [Line Items]
Title of 12(b) Security	7.375% Series C Cumulative Redeemable Perpetual Preference Shares
Trading Symbol	TRTN PRC
Security Exchange Name	NYSE
NEW YORK STOCK EXCHANGE, INC. [Member] | 6.875% Series D Cumulative Redeemable Perpetual Preference Shares
Entity Information [Line Items]
Title of 12(b) Security	6.875% Series D Cumulative Redeemable Perpetual Preference Shares
Trading Symbol	TRTN PRD
Security Exchange Name	NYSE
NEW YORK STOCK EXCHANGE, INC. [Member] | 5.75% Series E Cumulative Redeemable Perpetual Preference Shares
Entity Information [Line Items]
Title of 12(b) Security	5.75% Series E Cumulative Redeemable Perpetual Preference Shares
Trading Symbol	TRTN PRE
Security Exchange Name	NYSE

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	Deloitte & Touche LLP ("Deloitte")
Auditor Firm ID	34
Auditor Location	New York, NY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS:
Leasing equipment, net of accumulated depreciation of $4,482,185 and $4,289,259	$ 8,768,917	$ 9,530,396
Net investment in finance leases	1,507,292	1,639,831
Equipment held for sale	185,502	138,506
Revenue earning assets	10,461,711	11,308,733
Cash and cash equivalents	57,776	83,227
Restricted cash	91,450	103,082
Accounts receivable, net of allowances of $738 and $2,075	243,443	226,554
Goodwill	236,665	236,665
Lease intangibles, net of accumulated amortization of $296,494 and $291,837	1,963	6,620
Other assets	44,254	28,383
Fair value of derivative instruments	95,606	115,994
Total assets	11,232,868	12,109,258
LIABILITIES AND SHAREHOLDERS' EQUITY:
Equipment purchases payable	31,597	11,817
Fair value of derivative instruments	1,827	2,117
Deferred revenue	259,023	333,260
Accounts payable and other accrued expenses	116,888	71,253
Net deferred income tax liability	415,901	411,628
Debt, net of unamortized costs of $43,924 and $55,863	7,470,634	8,074,820
Total liabilities	8,295,870	8,904,895
Shareholders' equity:
Undesignated shares, $0.01 par value, 800,000 shares authorized, no shares issued and outstanding	0	0
Treasury shares, at cost, 0 and 24,494,785 shares, respectively	0	(1,077,559)
Additional paid-in capital (deficit)	(308,114)	909,911
Accumulated earnings	2,428,531	2,531,928
Accumulated other comprehensive income (loss)	85,569	109,269
Total shareholders' equity	2,936,998	3,204,363
Total liabilities and shareholders' equity	11,232,868	12,109,258
Preferred Stock [Member]
Shareholders' equity:
Preferred shares, $0.01 par value, at liquidation preference	730,000	730,000
Designated Common Stock [Member]
Shareholders' equity:
Common shares, $0.01 par value, 270,000,000 shares authorized, 101,158,891 and 81,383,024 shares issued, respectively	$ 1,012	$ 814

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leasing equipment, accumulated depreciation and allowances	$ 4,482,185	$ 4,289,259
Accounts Receivable, Allowances	738	2,075
Debt, Unamortized Deferred Financing Costs	43,924	55,863
Lease intangibles, Accumulated Amortization	$ 296,494	$ 291,837
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Treasury Stock, Shares (in shares)	0	24,494,785
Designated Common Stock [Member] | Triton International Limited Holdings [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	270,000,000	270,000,000
Common stock, shares issued (in shares)	101,158,891	81,383,024
Undesignated Common Stock [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	800,000
Common stock, shares issued (in shares)	0	0
Common stock, shares outstanding (in shares)	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leasing revenues:
Operating leases	$ 1,438,504	$ 1,564,486	$ 1,480,495
Finance leases	105,288	115,200	53,385
Total leasing revenues	1,543,792	1,679,686	1,533,880
Equipment trading revenues	95,998	147,874	142,969
Equipment trading expenses	(88,099)	(131,870)	(108,870)
Trading margin	7,899	16,004	34,099
Net gain (loss) on sale of leasing equipment	58,615	115,665	107,060
Operating expenses:
Depreciation and amortization	575,551	634,837	626,240
Direct operating expenses	101,552	42,381	26,860
Administrative expenses	88,839	93,011	89,319
Transaction and other costs	79,000	0	0
Provision (reversal) for doubtful accounts	(3,369)	(3,102)	(2,475)
Total operating expenses	841,573	767,127	739,944
Operating income	768,733	1,044,228	935,095
Other expenses:
Interest and debt expense	240,838	226,091	222,024
Unrealized (gain) loss on derivative instruments	(15)	(343)	0
Write-off of debt costs	0	1,933	133,853
Other (income) expense, net	(643)	(1,182)	(1,379)
Total other expenses	240,180	226,499	354,498
Income (loss) before income taxes	528,553	817,729	580,597
Income tax (benefit) expense	54,464	70,807	50,357
Net income (loss)	474,089	746,922	530,240
Redeemable Preferred Stock Dividends	52,112	52,112	45,740
Net income (loss) attributable to shareholders	$ 421,977	$ 694,810	$ 484,500

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 474,089	$ 746,922	$ 530,240
Other comprehensive income (loss):
Change in derivative instruments designated as cash flow hedges	19,048	157,647	55,599
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges	(42,797)	1,168	28,722
Foreign currency translation adjustment	49	(727)	(105)
Other comprehensive income (loss), net of tax	(23,700)	158,088	84,216
Comprehensive income	450,389	905,010	614,456
Dividend on preferred shares	52,112	52,112	45,740
Comprehensive income attributable to shareholders	$ 398,277	$ 852,898	$ 568,716

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Tax (benefit) provision on change in derivative instruments designated as cash flow hedges	$ 1,100	$ 10,509	$ 3,586
Tax (benefit) provision on reclassification of (gain) loss on derivative instruments designated as cash flow hedges	$ (4,851)	$ (908)	$ 1,916

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Preferred Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]
Beginning balance, shares at Dec. 31, 2020		22,200,000	81,151,723	13,901,326
Beginning balance at Dec. 31, 2020	$ 2,565,948	$ 555,000	$ 812	$ (436,822)	$ 905,323	$ 1,674,670	$ (133,035)
Issuance of preferred shares, net of offering expenses (in shares)		7,000,000
Issuance of preferred shares, net of offering expenses	168,823	$ 175,000			(6,177)
Share-based compensation (in shares)			231,383
Share-based compensation	9,365		$ 2		9,363
Treasury share acquired (in shares)				1,528,173
Treasury share acquired	(85,538)			$ (85,538)
Share repurchase to settle shareholder tax obligations (in shares)			(87,740)
Share repurchase to settle shareholder tax obligations	(4,286)		$ (1)		(4,285)
Net income (loss)	530,240					530,240
Other comprehensive income (loss)	84,216					0	84,216
Common shares dividend declared ($2.65 per share)	(158,735)					(158,735)
Preferred shares dividend declared	(45,321)					(45,321)
Ending balance, shares at Dec. 31, 2021		29,200,000	81,295,366	15,429,499
Ending balance at Dec. 31, 2021	3,064,712	$ 730,000	$ 813	$ (522,360)	904,224	2,000,854	(48,819)
Share-based compensation (in shares)			198,367
Share-based compensation	12,512		$ 2		12,510
Treasury share acquired (in shares)				9,065,286
Treasury share acquired	(555,199)			$ (555,199)
Share repurchase to settle shareholder tax obligations (in shares)			(110,709)
Share repurchase to settle shareholder tax obligations	(6,824)		$ (1)		(6,823)
Net income (loss)	746,922					746,922
Other comprehensive income (loss)	158,088					0	158,088
Common shares dividend declared ($2.65 per share)	(163,736)					(163,736)
Preferred shares dividend declared	(52,112)					(52,112)
Ending balance, shares at Dec. 31, 2022		29,200,000	81,383,024	24,494,785
Ending balance at Dec. 31, 2022	3,204,363	$ 730,000	$ 814	$ (1,077,559)	909,911	2,531,928	109,269
Share-based compensation (in shares)			138,727
Share-based compensation	7,305		$ 1		7,304
Treasury share acquired (in shares)				1,884,616
Treasury share acquired	(125,661)			$ (125,661)
Share repurchase to settle shareholder tax obligations (in shares)			(81,190)
Share repurchase to settle shareholder tax obligations	(5,803)		$ (1)		(5,802)
Net income (loss)	474,089					474,089
Other comprehensive income (loss)	(23,700)					0	(23,700)
Common shares dividend declared ($2.65 per share)	(117,184)					(117,184)
Preferred shares dividend declared	(52,112)					(52,112)
Ending balance, shares at Dec. 31, 2023		29,200,000	101,158,891	0
Ending balance at Dec. 31, 2023	2,936,998	$ 730,000	$ 1,012	$ 0	(308,114)	2,428,531	$ 85,569
Reclassification of Share-Based Awards to a Liability	(16,109)				(16,109)
Return of capital to Parent	$ (408,190)					$ (408,190)
Cancellation of Common Stock, Shares			(81,440,561)
Cancellation of Common Stock, Amount			$ (814)		814
Treasury Stock, Shares, Retired				(26,379,401)
Treasury Stock, Retired, Cost Method, Amount				$ 1,203,220	(1,203,220)
Stock Issued During Period, Shares, New Issues			101,158,891
Issuance of common shares			$ 1,012		$ (1,012)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net income (loss)	$ 474,089	$ 746,922	$ 530,240
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	575,551	634,837	626,240
Debt related amortization	8,572	11,112	11,603
Lease related amortization	4,979	11,285	17,654
Share-based compensation expense	7,305	12,512	9,365
Net (gain) loss on sale of leasing equipment	(58,615)	(115,665)	(107,060)
Unrealized (gain) loss on derivative instruments	(15)	(343)	0
Write-off of debt costs	0	1,933	133,853
Deferred income taxes	8,024	26,018	43,077
Changes in operating assets and liabilities:
Accounts receivables	(19,459)	44,119	(50,336)
Deferred revenue	(74,237)	287,328	83,600
Change in Share-Based Awards Liability	18,765	0	0
Accounts payable and other accrued expenses	6,291	4,620	(6,860)
Equipment sold (purchased) for resale activity	26,428	(93)	7,606
Cash received (paid) for settlement of interest rate swaps	0	19,026	5,497
Cash collections on finance lease receivables, net of income earned	172,717	180,075	74,117
Other assets	(187)	21,182	26,568
Net cash provided by operating activities	1,150,208	1,884,868	1,405,164
Cash flows from investing activities:
Purchases of leasing equipment and investments in finance leases	(208,242)	(943,062)	(3,434,394)
Proceeds from sale of equipment, net of selling costs	352,549	296,737	217,078
Other	(16)	(638)	(70)
Net cash (used in) investing activities	144,291	(646,963)	(3,217,386)
Cash flows from financing activities:
Issuance of preferred shares, net of underwriting discount	0	0	169,488
Purchases of treasury shares	(129,776)	(554,095)	(82,528)
Debt issuance costs	(3,008)	(10,162)	(42,631)
Borrowings under debt facilities	1,610,000	1,952,600	8,690,006
Payments under debt facilities and capital lease obligations	(2,227,139)	(2,449,367)	(6,635,987)
Dividends paid on preferred shares	(52,112)	(52,112)	(45,321)
Common stock dividends paid	(115,554)	(162,174)	(157,312)
Repayment Of Capital To Parent	(408,190)	0	0
Other	(5,803)	(6,824)	(4,951)
Net Cash Provided by (Used in) Financing Activities	(1,331,582)	(1,282,134)	1,890,764
Net increase (decrease) in cash, cash equivalents and restricted cash	(37,083)	(44,229)	78,542
Cash, cash equivalents and restricted cash, beginning of period	186,309	230,538	151,996
Cash, cash equivalents and restricted cash, end of period	149,226	186,309	230,538
Supplemental disclosures:
Interest paid	234,945	208,714	211,412
Income taxes (refunded) paid	46,407	47,010	7,933
Right-of-use assets obtained in exchange for new operating lease liabilities	9,564	907	2,517
Supplemental non-cash investing activities:
Equipment purchases payable	$ 31,597	$ 11,817	$ 429,568

Description of the Business and

Description of the Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business and Basis of Presentation	Note 1—Description of the Business and Basis of Presentation Description of the Business and Basis of Presentation Triton International Limited ("Triton" or the "Company"), through its subsidiaries, leases intermodal transportation equipment, primarily maritime containers, and provides maritime container management services through a worldwide network of service subsidiaries, third-party depots and other facilities. The majority of the Company's business is derived from leasing its containers to shipping line customers through a variety of long-term and short-term contractual lease arrangements. The Company also sells containers from its equipment leasing fleet as well as containers specifically acquired for resale from third parties. The Company's registered office is located in Bermuda.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of the Company and subsidiaries in which it has a controlling interest, and variable interest entities of which the Company is the primary beneficiary. The equity method of accounting is applied when the Company does not have a controlling interest in an entity but exerts significant influence over the entity. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and disclosure of contingent assets and liabilities in the financial statements. Such estimates include, but are not limited to, the Company's estimates in connection with leasing equipment, including residual values and depreciable lives, values of assets held for sale and other long lived assets, provision for income tax, allowance for doubtful accounts, goodwill and intangible assets. Actual results could differ from those estimates. Segment Reporting The Company conducts its business activities in one industry, intermodal transportation equipment, and has two reporting segments, Equipment leasing and Equipment trading. The Company also segregates total equipment leasing revenues and total equipment trading revenues by geographic location based upon the primary domicile of the Company's customers. Concentration of Credit Risk The Company's equipment leases and trade receivables subject it to potential credit risk. The Company extends credit to its customers based upon an evaluation of each customer's financial condition and credit history. Evaluations of the financial condition and associated credit risk of customers are performed on an ongoing basis. As a percent of its lease billings, the Company's three largest customers accounted for 20%, 17% and 12% during 2023, 20%, 17% and 11% during 2022 and 21%, 16% and 10% during 2021. Similarly, as a percent of its accounts receivable, the Company's three largest customers accounted for 19%, 14% and 10% as of December 31, 2023, and 11% for each customer as of December 31, 2022. Other financial instruments that are exposed to concentration of credit risk are cash and cash equivalents, and restricted cash balances. Cash and cash equivalents, and restricted cash are held with financial institutions of high quality. Balances may exceed the amount of insurance provided on such deposits. Fair Value Measurements Fair value represents the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The determination of fair value may require an entity to make significant judgments or develop assumptions about market participants to reflect risks specific to the asset being valued. The Company uses the following fair value hierarchy when selecting inputs for its valuation techniques, with the highest priority given to Level 1: • Level 1—quoted prices (unadjusted) in active markets for identical assets or liabilities; • Level 2—inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; and • Level 3—unobservable inputs in which little or no market activity exists, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing. Cash and cash equivalents, restricted cash, accounts receivable, equipment purchases payable and accounts payable carrying amounts approximate fair values because of the short-term nature of these instruments. The Company's other financial and non-financial assets, which include leasing equipment, net investment in finance leases, intangible assets and goodwill, are not required to be measured at fair value on a recurring basis. However, if certain triggering events occur, or if an annual impairment test is required, the Company may determine that these assets should be written down to their fair value after completing an evaluation. For information on the fair value of equipment held for sale, debt, and the fair value of derivative instruments, please refer to Note 4 - "Equipment Held for Sale" , Note 7 - "Debt" and Note 8 - "Derivative Instruments" , respectively. Cash and Cash Equivalents Cash and cash equivalents consist of all cash balances and highly liquid investments having original maturities of three months or less at the time of purchase. Restricted Cash The Company's restricted cash relates to amounts held at financial institutions pursuant to certain debt arrangements. The restricted cash balances represent cash proceeds collected and required to be used to pay debt service and other related expenses. Allowance for Doubtful Accounts The Company's allowance for doubtful accounts is estimated based upon a review of the collectability of its receivables. This review is based on the risk profile of the receivables, credit quality indicators such as the level of past-due amounts and economic conditions. Generally, the Company does not require collateral on accounts receivable balances. An account is considered past due when a payment has not been received in accordance with the contractual terms. Changes in economic conditions or other events may necessitate additions or deductions to the allowance for doubtful accounts. The allowance for doubtful accounts is intended to provide for losses in the receivables, and requires the application of estimates and judgments as to the outcome of collection efforts, among other things. The Company believes its allowance for doubtful accounts is adequate to provide for credit losses expected in its existing receivables. For our net investment in finance leases and accounts receivable for sales of equipment, the Company measures expected credit loss by evaluating the overall credit quality of its customers. Expected credit losses for these financial assets are estimated using historical experience which includes multiple economic cycles, customer payment history, management's assessment of the customer's financial condition, and consideration of current conditions and reasonable forecasts. Net Investment in Finance Leases The Company has entered into various lease agreements that qualify as finance leases. These leases are long-term in nature, ranging for a period of three to fourteen years, and typically include an option to purchase the equipment at the end of the lease term for a nominal price that the Company deems reasonably certain to be exercised. At the inception of a finance lease, a net investment is recorded based on the gross investment (representing the total future minimum lease payments plus the estimated residual value), net of unearned income. Unearned income represents the excess of the gross investment over the fair value of the leased equipment at lease commencement. Any gain or loss is recognized at commencement and recorded in Net gain on sale of leasing equipment. Leasing Equipment The Company purchases new equipment from manufacturers for the purpose of leasing to customers. The Company also purchases used equipment with the intention of selling in one or more years from the date of purchase. Leasing equipment is recorded at cost and depreciated to a residual amount for each equipment type on a straight-line basis over its estimated useful life. Capitalized costs for new equipment include the manufactured cost of the equipment, inspection, delivery, and associated costs incurred in moving the equipment from the manufacturer to the initial on-hire location. Repair and maintenance costs that do not extend the lives of the leasing equipment are charged to direct operating expenses at the time the costs are incurred. The estimated useful lives and residual values of the Company's leasing equipment are based on the Company's expectations of how long it will lease the equipment and used container sales prices at the time it expects to sell the equipment. The Company evaluates estimates used in its depreciation policies on a regular basis to determine whether changes, such as industry events, technological advances or changes in standardization for containers have taken place that would suggest that a change in its depreciation estimates for useful lives or residual values is warranted. The Company's evaluation utilizes over fifteen years of historical sales experience for each major equipment type which takes into consideration varying business cycles including unusually high and low markets. Any changes to depreciation estimates are applied prospectively. Due to the size of the depreciable fleet a change in residual values could result in either large increases or decreases to annual depreciation expense depending on the direction of the change in residual values. For 2023, the Company completed its annual review of depreciable lives and residual values during the fourth quarter and concluded no change was necessary. The estimated useful life for each major equipment type for the years ended December 31, 2023 and 2022 was 13 years for Dry containers; 12 years for Refrigerated containers; 16 years for Special containers; and 20 years for Tank containers and Chassis. The net book value of the Company's leasing equipment by major equipment type as of the dates indicated was (in thousands): December 31, 2023 December 31, 2022 Dry container $ 6,926,220 $ 7,550,616 Refrigerated container 1,182,683 1,364,012 Special container 316,062 287,106 Tank container 122,241 112,166 Chassis 221,711 216,496 Total $ 8,768,917 $ 9,530,396 Included in the amounts above are units not on lease at December 31, 2023 and 2022 with a total net book value of $727.6 million and $525.4 million respectively. Depreciation on leasing equipment commences on the date of initial on-hire. For equipment purchased for resale that may be leased for a period of time, the Company adjusts its estimates for remaining useful life and residual values based on our expectations for how long the equipment will remain on-hire to the current lessee and the expected sales market for older containers when these units are redelivered. Valuation of Leasing Equipment Leasing equipment is evaluated for impairment whenever events or changes in circumstances indicate that its carrying value may not be recoverable. Recoverability of an asset to be held and used is measured by a comparison of the carrying value to its estimated undiscounted future cash flows expected to be generated by the asset. If the carrying value of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in the amount by which the carrying value of the asset exceeds the fair value of the asset. Key indicators of impairment on leasing equipment include, among other factors, a sustained decrease in operating profitability, a sustained decrease in utilization, or indications of technological obsolescence. When testing for impairment, leasing equipment is generally grouped by equipment type, and is tested separately from other groups of assets and liabilities. Some of the significant estimates and assumptions used to determine future undiscounted cash flows and the measurement for impairment are the remaining useful life, expected utilization, expected future lease rates and expected disposal prices of the equipment. The Company considers the assumptions on expected utilization and the remaining useful life to have the greatest impact on the estimate of future undiscounted cash flows. These estimates are principally based on the Company's historical experience and management's judgment of market conditions at the time the calculations are prepared. The Company has not recorded any impairment charges related to leasing equipment for the years ended December 31, 2023, 2022 and 2021. Equipment Held for Sale When leasing equipment is returned off lease, the Company makes a determination of whether to repair and re-lease the equipment or sell the equipment. At the time the Company determines that equipment will be sold, it reclassifies the carrying value of leasing equipment to equipment held for sale. Equipment held for sale is recorded at the lower of its estimated fair value less costs to sell or carrying value at the time identified for sale. Depreciation expense on equipment held for sale is halted and disposals generally occur within 90 days. Initial write downs of equipment held for sale to fair value are recorded as an impairment charge and are included in Net gain on sale of leasing equipment. Subsequent increases or decreases to the fair value of those assets are recorded as adjustments to the carrying value of the equipment held for sale, however, any such adjustments may not exceed the respective equipment's carrying value at the time it was initially classified as held for sale. Realized gains and losses resulting from the sale of equipment held for sale are recorded in Net gain on sale of leasing equipment, and cash flows associated with the disposal of equipment held for sale are classified as cash flows from investing activities. Equipment purchased for the Company's equipment trading segment is also included in Equipment held for sale. Gains and losses resulting from the sale of this equipment is recorded in Trading margin, and cash flows associated with the purchase and sale of this equipment are classified as cash flows from operating activities. Operating Leases The Company leases office space and office equipment and evaluates whether these leases are classified as operating or financing at the inception of the lease. The classification is based on certain assumptions that require judgment, such as the asset's fair value, the asset's estimated residual value, the interest rate implicit in the lease, and the asset's economic useful life. For operating leases, the Company records a lease liability based on the present value of the remaining minimum payments and a corresponding right-of-use ("ROU") asset. The Company uses its estimated incremental borrowing rate at the commencement date to determine the present value of lease payments. The benefits of lease incentives, including rent-free or reduced rent periods, and the cost of future rent escalations are recognized on a straight-line basis over the term of the lease. A lease liability and a corresponding ROU asset are not recognized when, at the commencement date of the lease, the term is 12 months or less. Property, Furniture and Equipment Costs of major additions of property, furniture, equipment and improvements are capitalized and are included in Other assets on the Consolidated Balance Sheets. The original cost is depreciated on a straight-line basis over the estimated useful lives of such property, furniture and equipment. Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term or the estimated useful lives of the leased assets. Other fixed assets, which consist primarily of computer software and hardware, are recorded at cost and amortized on a straight-line basis over their respective estimated useful lives, which range from three Goodwill Goodwill is tested for impairment at least annually on October 31 of each fiscal year or more frequently if events occur or circumstances exist that indicate that the fair value of a reporting unit may be below its carrying value. Goodwill has been allocated to the Company's reporting units, which are the same as its reporting segments. In evaluating goodwill for impairment, the Company has the option to first assess qualitative factors to determine whether further impairment testing is necessary. Among the relevant events and circumstances that affect the fair value of reporting units, the Company considers individual factors such as macroeconomic conditions, changes in its industry and the markets in which the Company operates, as well as its reporting units' historical and expected future financial performance. If, after assessing the totality of events and circumstances, the Company determines it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, then a quantitative goodwill impairment test is performed. The quantitative goodwill impairment test compares the fair value of a reporting unit with its carrying value, including goodwill. If the carrying value of the reporting unit is less than its fair value, no impairment exists. If the carrying value of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. The Company elected to perform the qualitative assessment for its evaluation of goodwill impairment during the year ended December 31, 2023 and concluded there was no impairment. The Company has not recorded any impairment charges related to goodwill for the years ended December 31, 2023, 2022, and 2021. Intangible Assets Intangible assets with finite useful lives such as acquired lease intangibles are initially recorded at fair value and are amortized over their respective estimated useful lives and subsequently reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. The Company has not recorded any impairment charges related to intangible assets for the years ended December 31, 2023, 2022, and 2021. Revenue Recognition Lease Classification We determine the classification of a lease at its inception as either operating leases or finance leases. If the provisions of the lease change after lease inception, other than by renewal or extension, we evaluate whether that change may have resulted in a different lease classification had the change been in effect at inception. If so, the revised agreement is considered a new lease for lease classification purposes. The classification of the lease as either an operating lease or finance lease will impact revenue recognition. Operating Leases with Customers The Company enters into long-term leases and service leases, principally as lessor in operating leases for intermodal equipment. Long-term leases provide customers with specified equipment for a specified term. The Company's leasing revenues are based upon the number of equipment units leased, the applicable per diem rate and the length of the lease. Long-term leases typically have initial contractual terms ranging from five eight The Company recognizes billings to customers for damages and certain other operating costs as leasing revenue when earned based on the terms of the contractual agreements with the customer. Finance Leases with Customers The Company enters into finance leases as lessor for some of the equipment in its fleet. At the inception of the lease, the Company records the total future minimum lease payments plus the estimated residual value, net of executory costs, if any. Cash deposits reduce the gross finance lease receivable and are recorded on the statement of cash flows as deferred revenue within operating activities. The net investment in finance leases represents the receivables due from lessees, net of unearned income and amounts previously billed. As amounts are billed to a customer they are reclassified from gross finance lease receivable to accounts receivable. Unearned income, which also includes any initial direct costs, is recognized on a constant yield basis over the lease term and is recorded as leasing revenue. The Company's finance leases are usually long-term in nature and typically include an option to purchase the equipment at the end of the lease term for a nominal price that the Company deems reasonably certain to be exercised. Equipment Trading Revenues and Expenses Equipment trading revenues represent the proceeds from the sale of equipment purchased for resale and are recognized when units are sold. Equipment trading expenses represent the cost of equipment sold including selling costs that are recognized as incurred. Direct Operating Expenses Direct operating expenses are directly related to the Company's equipment under and available for lease. These expenses primarily consist of the Company's costs to repair and maintain the equipment, to reposition the equipment and to store the equipment when it is not on lease. These costs are recognized when incurred. Certain positioning costs may be capitalized when incurred to place new equipment on an initial lease. Debt Costs Debt costs represent the fees incurred in connection with debt obligation arrangements. These costs are capitalized and amortized based on the effective interest method or on a straight-line basis over the term of the related obligation, depending on the type of debt obligation to which they relate. Unamortized debt costs may be written off when the related debt obligations are refinanced or extinguished prior to maturity. Derivative Instruments The Company primarily uses derivatives in the management of its interest rate exposure on its long-term borrowings. The Company records derivative instruments on its balance sheet at fair value and establishes criteria for both the designation and effectiveness of hedging activities. The Company has entered into interest rate swap agreements with certain financial institutions. The interest rate swap agreements require the Company to make payments to counterparties at fixed rates in return for receipts based upon variable rates indexed to the Secured Overnight Financing Rate ("SOFR"). Derivative instruments are designated or non-designated for hedge accounting purposes. The fair value of the derivative instruments is measured at each balance sheet date and is reflected on a gross basis on the consolidated balance sheets. The change in fair value of the derivative instruments designated as a cash flow hedge are recorded on the Consolidated Balance Sheets in Accumulated other comprehensive income (loss) and are re-classified to interest and debt expense when the hedged interest payments are recognized. The change in fair value of non-designated derivative instruments is recorded in the Consolidated Statements of Operations as unrealized (gain) loss on derivative instruments, net. Income Taxes The Company uses the liability method of accounting for income taxes, which requires recognition of deferred tax assets and liabilities based on the expected future tax consequences of temporary differences that currently exist between the tax basis and financial reporting basis of assets and liabilities. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any change in the tax rate which has an effect on deferred tax assets and liabilities is recognized as an increase or decrease to income in the period that includes the enactment date of the law that resulted in the change in tax rate. The Company recognizes the effect of income tax positions which are more-likely-than-not of being sustained. If a position does not meet the more-likely-than-not criteria, the Company records a reserve against the tax position such that a tax benefit is recognized only in the amount that has a greater than 50% likelihood of being recognized. The full impact of any change in recognition or measurement of an uncertain tax position is reflected in the period in which such change occurs. Potential interest and penalties associated with such uncertain tax positions are recorded as a component of income tax expense. Foreign Currency Translation and Re-measurement The Company uses the U.S. dollar as its functional currency. The Company's U.K. subsidiary operations and net assets are denominated in British pounds and are subject to foreign currency translation. The balance sheet accounts of this subsidiary are converted at rates of exchange in effect as of the balance sheet date and the statements of operations accounts are converted at the annual weighted average exchange rate. The effects of changes in exchange rates in translating foreign subsidiaries' financial statements are included in shareholders' equity as accumulated other comprehensive (loss) income. The Company also has certain cash accounts, certain finance lease receivables and certain obligations that are denominated in currencies other than the Company's functional currency. These assets and liabilities are generally denominated in euros or British pounds, and are re-measured at each balance sheet date at the exchange rates in effect as of those dates. The impact of changes in exchange rates on the re-measurement of assets and liabilities are included in Administrative expenses on the Consolidated Statements of Operations. The Company recorded a gain of $0.4 million, a loss of $2.0 million and a loss of $1.0 million in net foreign currency exchange gains or losses for the years ended December 31, 2023, 2022 and 2021, respectively. Recently Issued Accounting Standards Segment Reporting Accounting Standards Update (“ASU”) No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, was issued in November 2023, which requires enhancements to the disclosure requirements for operating segments, primarily disclosures about significant segment expenses, in the Company’s annual and interim consolidated financial statements. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, on a retrospective basis with early adoption permitted. The Company is currently evaluating the impact, if any, that the adoption of this standard will have on its financial disclosures. Income Taxes ASU No. 2023-09 , Improvements to Income Tax Disclosures was issued in

Merger

Merger	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Merger	Merger Brookfield Infrastructure Transaction On September 28, 2023, the Company completed the transactions contemplated by the Agreement and Plan of Merger, dated as of April 11, 2023 (the “Merger Agreement”), by and among the Company, Brookfield Infrastructure Corporation (“BIPC”), Thanos Holdings Limited (“Parent”) and Thanos MergerSub Limited, a subsidiary of Parent (“Merger Sub”). Pursuant to the Merger Agreement, Merger Sub merged with and into Triton (the “Merger”), with Triton surviving the Merger as a subsidiary of Parent. Pursuant to the Merger Agreement, at the effective time of the Merger, each common share of the Company issued and outstanding immediately prior to the effective time (other than certain excluded common shares), was cancelled and automatically converted into the right to receive, at the election of each shareholder, (x) mixed consideration of $68.50 in cash and 0.3895 Class A exchangeable subordinate voting shares (“BIPC Shares”) of BIPC, (y) all-cash consideration in an amount equivalent in value to the mixed consideration, which was equal to approximately $83.16, or (z) all-BIPC Share consideration in an amount equivalent in value to the mixed consideration, which was equal to approximately 2.21 BIPC Shares (the “Merger Consideration”). The number of BIPC Shares issued in exchange for each common share was subject to a collar mechanism set forth in the Merger Agreement, which was based on the weighted average price of BIPC Shares on the New York Stock Exchange (the “NYSE”) over the 10 consecutive trading days ending on the second trading day prior to the effective time of the Merger (the “BIPC Final Share Price”). The BIPC Final Share Price was approximately $37.64. In connection with the closing of the Merger, Triton’s common shares were delisted from the NYSE on September 28, 2023. The last trading day for the common shares on the NYSE was September 27, 2023. On October 10, 2023, Triton filed a certification on Form 15 with the Securities and Exchange Commission ("SEC") requesting the deregistration of its common shares under the Securities Exchange Act of 1934, as amended, ("the Exchange Act."). As of December 31, 2023, there were 101,158,891 common shares outstanding, all of which were held by an affiliate of Brookfield Infrastructure; therefore, earnings per share data is not presented. Triton’s Series A-E cumulative redeemable perpetual preference shares remained outstanding as an obligation of the Company and continued to be listed on the NYSE following the closing of the Merger. Parent has accounted for the Merger under the acquisition method of accounting with the Company deemed to be the acquiree for accounting purposes. The Company and Parent have elected not to push down purchase accounting adjustments to reflect the assets and liabilities acquired at fair value, and therefore amounts reflected in the financial statements have not been adjusted. Triton incurred transaction and other costs related to the Merger which are included in Transaction and other costs in the Company’s Consolidated Statements of Operations. Transaction and other costs were comprised of the following (in thousands): Year Ended December 31, 2023 Employee compensation costs $ 26,956 Advisory fees 41,673 Legal and professional expenses 9,039 Other 1,332 Total $ 79,000 There were no transaction related costs in the prior year. Employee compensation costs include $24.2 million in costs related to share-based compensation for unvested shares granted in 2021, 2022, and 2023 pursuant to the 2016 Equity Incentive Plan which awards were modified as a result of the Merger. See Note 10 - "Share-based Compensation" for more detailed information regarding the modification. Employee compensation costs also include $2.2 million related to employee incentive and retention compensation related to the Merger. As of December 31, 2023, employee compensation costs of $43.8 million, which includes accrued dividends on the unvested restricted shares prior to the closing of the Merger has been accrued and included in Accounts payable and other accrued expenses and is expected to be paid within the next year. Advisory fees include costs paid for financial advisory services directly related to the closing of the Merger. Legal and professional expenses include costs related to legal and accounting fees incurred in connection with the Merger.

Equipment Held for Sale

Equipment Held for Sale	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Equipment Held for Sale	Equipment Held for Sale The Company's equipment held for sale is recorded at the lower of fair value less cost to sell, or carrying value at the time identified for sale. Fair value is measured using Level 2 inputs and is based predominantly on recent sales prices. An impairment charge is recorded when the carrying value of the asset exceeds its fair value less cost to sell. The following table summarizes the Company's components of Net gain on sale of leasing equipment on the Consolidated Statements of Operations (in thousands): Year Ended December 31, 2023 2022 2021 Impairment (loss) reversal on equipment held for sale $ (7,144) $ (887) $ 16 Gain (loss) on sale of equipment, net of selling costs 65,759 116,552 107,044 Net gain on sale of leasing equipment $ 58,615 $ 115,665 $ 107,060

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2023
Business Combinations [Abstract]
Intangible Assets	Intangible Assets Intangible assets consist of lease intangibles for leases acquired with lease rates above market in a business combination. As of December 31, 2023, the remaining $2.0 million of intangible assets will be fully amortized in 2024. Amortization expense related to intangible assets was $4.7 million, $10.5 million, and $16.5 million for the years ended December 31, 2023, 2022, and 2021, respectively.

Restricted Cash

Restricted Cash	12 Months Ended
	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents Disclosure [Text Block]	Restricted Cash The components of restricted cash were as follows for the periods ended (in thousands): December 31, 2023 December 31, 2022 Collection accounts $ 29,447 $ 37,432 Trust accounts 18,932 16,316 Other restricted cash accounts 43,071 49,334 Total restricted cash $ 91,450 $ 103,082 Collection accounts The Company maintains bank accounts for collections related to its containers that are financed ("the Collection Accounts"). Cash proceeds collected from leasing and disposition are deposited into the Collection Accounts and all expenses related to the operation of the containers are paid from the Collection Accounts. The Company considers the portion of the Collection Accounts which is being held in trust for the benefit of Asset Backed Securitization ("ABS") noteholders as restricted and the portion of the balance attributable to containers that are unsecured as unrestricted. Trust accounts Pursuant to certain debt agreements, cash is transferred from the Collection Accounts to separate accounts (the "Trust Accounts"). The Trust Accounts are maintained by an indenture trustee on behalf of certain ABS noteholders. The cash in the Trust Accounts is used to pay related ABS debt service and related expenses. After such payments, any remaining cash in these accounts is transferred to certain unrestricted bank accounts of the Company and is included in Cash and cash equivalents on the Consolidated Balance Sheets. Other restricted cash accounts

Debt

Debt	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Debt The table below summarizes the Company's key terms and carrying value of debt as of the periods indicated: December 31, 2023 December 31, 2022 Outstanding Borrowings (in thousands) Contractual Weighted Avg Interest Rate Maturity Range Outstanding Borrowings (in thousands) From To Secured Debt Financings Asset-backed securitization term instruments $ 2,579,832 2.04 % February 2028 February 2031 $ 2,890,467 Asset-backed securitization warehouse 240,000 6.96 % April 2029 April 2029 320,000 Total secured debt financings 2,819,832 3,210,467 Unsecured Debt Financings Senior notes 2,300,000 2.45 % June 2024 March 2032 2,900,000 Term loan facility 1,468,496 6.71 % May 2026 May 2026 1,080,000 Revolving credit facility 930,000 6.71 % October 2027 October 2027 945,000 Total unsecured debt financings 4,698,496 4,925,000 Total debt financings 7,518,328 8,135,467 Unamortized debt costs (43,924) (55,863) Unamortized debt premiums & discounts (3,770) (4,784) Debt, net of unamortized costs $ 7,470,634 $ 8,074,820 Asset-Backed Securitization Term Instruments Under the Company's ABS facilities, indirect wholly-owned subsidiaries of the Company enter into debt agreements for ABS term instruments, including ABS notes. These subsidiaries are intended to be bankruptcy remote so that such assets are not available to creditors of the Company or its affiliates until and unless the related secured borrowings have been fully discharged. These transactions do not meet accounting requirements for sales treatment and are recorded as secured borrowings. The Company’s borrowings under the ABS facilities amortize in monthly installments, typically in level payments over five or more years. These facilities provide for an advance rate against the net book values of designated eligible equipment. The net book values for purposes of calculating eligible equipment is determined according to the related debt agreement and may be different than those calculated per GAAP. The Company is required to maintain restricted cash balances on deposit in designated bank accounts equal to nine months of interest expense. Asset-Backed Securitization Warehouse Under the Company’s ABS warehouse facility, an indirect wholly-owned subsidiary of the Company issues ABS notes. This subsidiary is intended to be bankruptcy remote so that such assets are not available to creditors of the Company or its affiliates until and unless the related secured borrowings have been fully discharged. These transactions do not meet accounting requirements for sales treatment and are recorded as secured borrowings. The Company's ABS warehouse facility has a borrowing capacity of $1,125.0 million that is available on a revolving basis to April 27, 2025, paying interest at term SOFR plus 1.60%. After the revolving period, borrowings will convert to term notes with a maturity date of April 27, 2029, paying interest at SOFR plus 2.60%. During the revolving period, the borrowing capacity under this facility is determined by applying an advance rate against the net book values of designated eligible equipment. The net book values for purposes of calculating eligible equipment are determined according to the related debt agreement and may be different than those calculated per GAAP. The Company is required to maintain restricted cash balances on deposit in designated bank accounts equal to three months of interest expense. Senior Notes The Company’s senior notes are unsecured and have initial maturities ranging from On August 1, 2023, the Company’s $600.0 million, 0.80% senior notes matured. Payment at maturity was primarily funded by borrowings under Triton’s revolving credit facility. Additionally, three forward starting swaps with a total notional value of $300.0 million became effective on August 1, 2023, to offset a portion of the interest expense related to the borrowing under the revolving credit facility. Term Loan Facility The Company's term loan facility has a maturity date of May 27, 2026, which amortizes in quarterly installments and has a reference rate of term SOFR plus 1.35%. This facility is subject to covenants customary for unsecured financings of this type, including financial covenants that require us to maintain a minimum ratio of unencumbered assets to certain financial indebtedness. On September 1, 2023, the Company and its wholly-owned subsidiaries, Triton Container International Limited and TAL International Container Corporation (the "Borrowers"), amended Triton's term loan facility to increase the size of the accordion feature under the term loan agreement to allow the Borrowers to increase the aggregate commitment amount under the agreement by up to an additional $500.0 million. Concurrently with the closing of the amendment, the Borrowers exercised the accordion and increased their borrowing under the term loan facility by $500.0 million. There was no change to the maturity date or reference rate under the term loan facility as a result of the amendment and incremental borrowing. Revolving Credit Facility The revolving credit facility has a maturity date of October 26, 2027, and has a maximum borrowing capacity of $2,000.0 million. The reference rate is term SOFR plus 1.35%. This facility is subject to covenants customary for unsecured financings of this type, primarily financial covenants that require us to maintain a minimum ratio of unencumbered assets to certain financial indebtedness. The Company hedges the risks associated with fluctuations in interest rates on a portion of its floating-rate debt by entering into interest rate swap agreements that convert a portion of its floating-rate debt to a fixed rate basis, thus reducing the impact of interest rate changes on future interest expense. The following table summarizes the Company's outstanding fixed-rate and floating-rate debt as of December 31, 2023: Balance Outstanding (in thousands) Contractual Weighted Avg Interest Rate Maturity Range Weighted Avg Remaining Term From To Excluding impact of derivative instruments: Fixed-rate debt $4,879,832 2.23% Jun 2024 Mar 2032 4.2 years Floating-rate debt $2,638,496 6.73% May 2026 Apr 2029 3.0 years Including impact of derivative instruments: Fixed-rate debt $4,879,832 2.23% Hedged floating-rate debt 1,847,000 4.00% Total fixed and hedged debt 6,726,832 2.72% Unhedged floating-rate debt 791,496 6.73% Total debt outstanding $7,518,328 3.13% The fair value of total debt outstanding was $6,905.9 million and $7,264.7 million as of December 31, 2023 and December 31, 2022, respectively, and was measured using Level 2 inputs. As of December 31, 2023, the maximum borrowing levels for the ABS warehouse and the revolving credit facility were $1,125.0 million and $2,000.0 million, respectively. Certain of these facilities are governed by either borrowing bases or an unencumbered asset test that limits borrowing capacity. Based on those limitations, the availability under these credit facilities at December 31, 2023 was approximately $1,148.7 million. The Company is subject to certain financial covenants under its debt financings. As of December 31, 2023, the Company was in compliance with all financial covenants in accordance with the terms of its debt agreements. Debt Maturities At December 31, 2023, the Company's scheduled principal repayments and maturities were as follows (in thousands): Years ending December 31, 2024 $ 953,357 2025 470,517 2026 2,119,575 2027 1,317,992 2028 591,830 2029 and thereafter 2,065,057 Total debt outstanding $ 7,518,328

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Interest Rate Swaps / Caps The Company enters into derivative agreements to manage interest rate risk exposure. Interest rate swap agreements are utilized to limit the Company's exposure to interest rate risk by converting a portion of its floating-rate debt to a fixed rate basis, thus reducing the impact of interest rate changes on future interest expense. Interest rate swaps involve the receipt of floating-rate amounts in exchange for fixed-rate interest payments over the lives of the agreements without an exchange of the underlying principal amounts. These swaps are designated as cash flow hedges for accounting purposes and accordingly, changes in the fair value are recorded in accumulated other comprehensive income (loss) and reclassified to interest and debt expense when they are realized. The Company has entered into offsetting $500.0 million notional interest rate cap agreements with substantially similar economic terms related to certain debt facility requirements. These derivatives are not designated as hedging instruments, and because they offset, changes in fair value have an immaterial impact on the financial statements. The counterparties to these agreements are highly rated financial institutions. In the unlikely event that the counterparties fail to meet the terms of these agreements, the Company's exposure is limited to the interest rate differential on the notional amount at each monthly settlement period over the life of the agreements. The Company does not anticipate any non-performance by the counterparties. Certain assets of the Company's subsidiaries are pledged as collateral for various ABS facilities. Additionally, the Company may be required to post cash collateral on certain derivative agreements if the fair value of these contracts represents a liability. Any amounts of cash collateral posted are included in Other assets on the Consolidated Balance Sheets and are presented in operating activities on the Consolidated Statements of Cash Flows. As of December 31, 2023, the Company had cash collateral on derivative instruments of $1.1 million. Within the next twelve months, the Company expects to reclassify $41.4 million of net unrealized and realized gains related to derivative instruments designated as cash flow hedges from accumulated other comprehensive income (loss) into earnings. As of December 31, 2023, the Company had derivative agreements in place to fix interest rates on a portion of the borrowings under its debt facilities with floating interest rates as summarized below: Derivatives Notional Amount (in millions) Weighted Average Weighted Average Interest Rate Swap (1) $1,847.0 2.63% 3.7 years (1) Excludes certain interest rate swaps with an effective date in a future period ("forward starting swaps"). Including these instruments will increase total notional amount by $350.0 million and increase the weighted average remaining term to 4.6 years . In the fourth quarter of 2023, the Company entered into swaps with a notional value of $250.0 million that commenced on December 29, 2023 and have a termination date of December 31, 2033. These swaps were designated as cash flow hedges to fix the interest rates on a portion of the Company's floating rate debt. In the first quarter of 2023, the Company entered into forward starting swaps with a notional value of $300.0 million that commenced on August 1, 2023 and have a termination date of March 31, 2025. These swaps were designated as cash flow hedges to fix the interest rates on a portion of the Company's floating rate debt. The following table summarizes the impact of derivative instruments on the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Income on a pretax basis (in thousands): Year Ended December 31, Financial statement caption 2023 2022 2021 Non-Designated Derivative Instruments Realized (gains) losses Debt termination expense $ — $ — $ 883 Unrealized (gains) losses Unrealized (gain) loss on derivative instruments, net $ (15) $ (343) $ — Designated Derivative Instruments Realized (gains) losses Interest and debt (income) expense $ (47,648) $ 260 $ 30,638 Unrealized (gains) losses Comprehensive (income) loss $ (20,148) $ (168,156) $ (59,185) Fair Value of Derivative Instruments The Company presents the fair value of derivative financial instruments on a gross basis as a separate line item on the Consolidated Balance Sheet.

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Leases Lessee The Company's leases are primarily for multiple office facilities which are contracted under various cancellable and non-cancellable operating leases, most of which provide extension or early termination options. The Company's lease agreements do not contain any residual value guarantees or material restrictive covenants. The Company entered into an amended lease agreement in September 2022 to relocate office space in Purchase, New York (Triton's principal U.S. corporate office). The new lease commenced on August 1, 2023, with a lease term of 12 years. The following table summarizes the impact of the Company's leases in its financial statements (in thousands): Balance Sheet Financial statement caption December 31, 2023 December 31, 2022 Right-of-use asset - operating Other assets $ 10,093 $ 3,145 Lease liability - operating Accounts payable and other accrued expenses $ 13,510 $ 3,465 Year Ended December 31, Income Statement Financial statement caption 2023 2022 2021 Operating lease cost (1) Administrative expenses $ 2,869 $ 3,205 $ 3,183 (1) Includes short-term leases that are immaterial. Cash paid for amounts included in the measurement of lease liabilities included in operating cash flows was $2.9 million, $3.4 million, and $3.3 million for the years ended December 31, 2023, 2022, and 2021, respectively. The following represents the Company's future undiscounted cash flows related to lease liabilities for each of the next five years and thereafter as of December 31, 2023 (in thousands): Years ending December 31, 2024 $ 2,293 2025 2,211 2026 1,729 2027 1,364 2028 1,333 2029 and thereafter 8,912 Total undiscounted future cash flows related to lease payments $ 17,842 Less: imputed interest (4,332) Total present value of lease liability $ 13,510 The following table includes supplemental information related to the Company's operating leases: December 31, 2023 December 31, 2022 Weighted-Average Remaining Lease Team (years) 9.5 years 1.6 years Weighted-Average Discount Rate 5.67 % 3.98 % Lessor Operating Leases The following is the minimum future rental income as of December 31, 2023 under non-cancelable operating leases, assuming the minimum contractual lease term (in thousands): Years ending December 31, 2024 $ 947,292 2025 801,865 2026 632,268 2027 501,203 2028 409,448 2029 and thereafter 1,064,472 Total $ 4,356,548 As of December 31, 2023, the Company has deferred revenue balances related to operating leases with uneven payment terms. These amounts will be amortized into revenue as follows (in thousands): Years ending December 31, 2024 $ 76,256 2025 65,540 2026 42,761 2027 16,241 2028 15,077 2029 and thereafter 43,148 Total $ 259,023 Finance Leases The following table summarizes the components of the net investment in finance leases (in thousands): December 31, 2023 December 31, 2022 Future minimum lease payment receivable (1) $ 1,928,167 $ 2,161,192 Estimated residual receivable (2) 218,199 218,004 Gross finance lease receivables (3) 2,146,366 2,379,196 Unearned income (4) (636,486) (739,365) Finance lease reserve (5) (2,588) — Net investment in finance leases (6) $ 1,507,292 $ 1,639,831 (1) There were no executory costs included in gross finance lease receivables as of December 31, 2023 and December 31, 2022. (2) The Company's finance leases generally include a purchase option at nominal amounts that is reasonably certain to be exercised, and therefore, the Company has immaterial residual value risk for assets. (3) The gross finance lease receivable is reduced as billed to customers and reclassified to accounts receivable until paid by customers. (4) There were no unamortized initial direct costs as of December 31, 2023 and December 31, 2022. (5) As of December 31, 2023, the Company had a finance lease reserve of $2.6 million that was a reserve on leasing equipment. (6) One major customer represented 93% and 90% of the Company's finance lease portfolio as of December 31, 2023 and 2022, respectively. No other customer represented more than 10% of the Company's finance lease portfolio in each of those periods. Maturities of the Company's gross finance lease receivables subsequent to December 31, 2023 are as follows (in thousands): Years ending December 31, 2024 $ 205,910 2025 202,864 2026 196,361 2027 172,641 2028 167,466 2029 and thereafter 1,201,124 Total $ 2,146,366
Leases	Leases Lessee The Company's leases are primarily for multiple office facilities which are contracted under various cancellable and non-cancellable operating leases, most of which provide extension or early termination options. The Company's lease agreements do not contain any residual value guarantees or material restrictive covenants. The Company entered into an amended lease agreement in September 2022 to relocate office space in Purchase, New York (Triton's principal U.S. corporate office). The new lease commenced on August 1, 2023, with a lease term of 12 years. The following table summarizes the impact of the Company's leases in its financial statements (in thousands): Balance Sheet Financial statement caption December 31, 2023 December 31, 2022 Right-of-use asset - operating Other assets $ 10,093 $ 3,145 Lease liability - operating Accounts payable and other accrued expenses $ 13,510 $ 3,465 Year Ended December 31, Income Statement Financial statement caption 2023 2022 2021 Operating lease cost (1) Administrative expenses $ 2,869 $ 3,205 $ 3,183 (1) Includes short-term leases that are immaterial. Cash paid for amounts included in the measurement of lease liabilities included in operating cash flows was $2.9 million, $3.4 million, and $3.3 million for the years ended December 31, 2023, 2022, and 2021, respectively. The following represents the Company's future undiscounted cash flows related to lease liabilities for each of the next five years and thereafter as of December 31, 2023 (in thousands): Years ending December 31, 2024 $ 2,293 2025 2,211 2026 1,729 2027 1,364 2028 1,333 2029 and thereafter 8,912 Total undiscounted future cash flows related to lease payments $ 17,842 Less: imputed interest (4,332) Total present value of lease liability $ 13,510 The following table includes supplemental information related to the Company's operating leases: December 31, 2023 December 31, 2022 Weighted-Average Remaining Lease Team (years) 9.5 years 1.6 years Weighted-Average Discount Rate 5.67 % 3.98 % Lessor Operating Leases The following is the minimum future rental income as of December 31, 2023 under non-cancelable operating leases, assuming the minimum contractual lease term (in thousands): Years ending December 31, 2024 $ 947,292 2025 801,865 2026 632,268 2027 501,203 2028 409,448 2029 and thereafter 1,064,472 Total $ 4,356,548 As of December 31, 2023, the Company has deferred revenue balances related to operating leases with uneven payment terms. These amounts will be amortized into revenue as follows (in thousands): Years ending December 31, 2024 $ 76,256 2025 65,540 2026 42,761 2027 16,241 2028 15,077 2029 and thereafter 43,148 Total $ 259,023 Finance Leases The following table summarizes the components of the net investment in finance leases (in thousands): December 31, 2023 December 31, 2022 Future minimum lease payment receivable (1) $ 1,928,167 $ 2,161,192 Estimated residual receivable (2) 218,199 218,004 Gross finance lease receivables (3) 2,146,366 2,379,196 Unearned income (4) (636,486) (739,365) Finance lease reserve (5) (2,588) — Net investment in finance leases (6) $ 1,507,292 $ 1,639,831 (1) There were no executory costs included in gross finance lease receivables as of December 31, 2023 and December 31, 2022. (2) The Company's finance leases generally include a purchase option at nominal amounts that is reasonably certain to be exercised, and therefore, the Company has immaterial residual value risk for assets. (3) The gross finance lease receivable is reduced as billed to customers and reclassified to accounts receivable until paid by customers. (4) There were no unamortized initial direct costs as of December 31, 2023 and December 31, 2022. (5) As of December 31, 2023, the Company had a finance lease reserve of $2.6 million that was a reserve on leasing equipment. (6) One major customer represented 93% and 90% of the Company's finance lease portfolio as of December 31, 2023 and 2022, respectively. No other customer represented more than 10% of the Company's finance lease portfolio in each of those periods. Maturities of the Company's gross finance lease receivables subsequent to December 31, 2023 are as follows (in thousands): Years ending December 31, 2024 $ 205,910 2025 202,864 2026 196,361 2027 172,641 2028 167,466 2029 and thereafter 1,201,124 Total $ 2,146,366

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Share-Based Compensation	Share-Based Compensation Prior to the completion of the Merger, the Company recognized share-based compensation expense for share-based payment transactions based on the grant date fair value. The expense was recognized over the employee's requisite service period, or vesting period of the equity award, approximately three years. The Company recognized share-based compensation expense in Administrative expenses on the Consolidated Statements of Operations of $7.3 million, $12.5 million, and $9.4 million for the years ended December 31, 2023, 2022, and 2021, respectively. During the year ended December 31, 2023, the Company issued 138,727 restricted shares, and cancelled 81,190 vested shares to settle payroll taxes on behalf of employees. In accordance with the Merger Agreement, upon closing of the Merger, Triton’s unvested restricted shares and restricted share units that were outstanding immediately prior to the closing of the Merger were converted into a contingent right to receive an amount in cash equal to the number of shares subject to such award, assuming attainment of the maximum level of performance for performance-based awards, multiplied by $83.16 per share. This amount will be paid upon the earlier of the original vesting date of the award and the twelve month anniversary of the Merger closing date subject to the participant's continued service with the Company. The modification of the unvested share-based awards changed the classification of the awards from equity to liability, as well as modified the original service period of the awards. As a result of the change in the classification of the awards , the Company reclassified $16.1 million from equity to Accounts payable and other accrued expenses. Further, the Company recorded $24.2 million in share-based compensation expense as a result of the modification to recognize the fair value of the awards based on the portion of the service period completed through December 31, 2023. This amount is included in Transaction and other costs in the Consolidated Statements of Operations. The remaining unrecognized compensation liability of $12.0 million at December 31, 2023 related to the share-based awards is expected to be recognized in Transaction and other costs over the remaining vesting period through September 30, 2024.

Other Equity Matters

Other Equity Matters	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Other Equity Matters	Other Equity Matters In connection with the Merger, the Company suspended its share repurchase program after the close of business on April 6, 2023. Prior to the suspension of the share repurchase program, the Company repurchased a total of 1,884,616 common shares, at an average price per-share of $66.66 for a total of $125.7 million. In connection with the Merger, all previously issued and outstanding common shares of Triton were cancelled and following the closing of the Merger, 100% of the Company’s issued and outstanding common shares are privately held by an affiliate of Brookfield Infrastructure. During 2023 , the Company made a distribution to Parent of $408.2 million to partially fund the purchase price of the acquisition and pay transaction costs related to the Merger. Preference Shares The following table summarizes the Company's preference share issuances (each, a "Series"): Preference Share Series Issuance Liquidation Preference (in thousands) # of Shares (1) Underwriting Discounts (in thousands) Series A 8.50% Cumulative Redeemable Perpetual Preference Shares ("Series A") March 2019 $ 86,250 3,450,000 $ 2,717 Series B 8.00% Cumulative Redeemable Perpetual Preference Shares ("Series B") June 2019 143,750 5,750,000 $ 4,528 Series C 7.375% Cumulative Redeemable Perpetual Preference Shares ("Series C") November 2019 175,000 7,000,000 $ 5,513 Series D 6.875% Cumulative Redeemable Perpetual Preference Shares ("Series D") January 2020 150,000 6,000,000 $ 4,725 Series E 5.75% Cumulative Redeemable Perpetual Preference Shares ("Series E") August 2021 175,000 7,000,000 $ 5,513 $ 730,000 29,200,000 $ 22,996 (1) Represents number of shares authorized, issued, and outstanding. Each Series of preference shares may be redeemed at the Company's option, at any time after approximately five years from original issuance, in whole or in part at a redemption price, plus an amount equal to all accumulated and unpaid dividends, whether or not declared. The Company may also redeem each Series of preference shares prior to the lapse of the five year period upon the occurrence of certain events as described in each instrument, such as transactions that either transfer ownership of substantially all assets to a single entity or establish a majority voting interest by a single entity, and cause a downgrade or withdrawal of rating by the rating agency within 60 days of the event. If the Company does not elect to redeem each Series upon the occurrence of the preceding events, holders of preference shares may have the right to convert their preference shares into common shares. Specifically for Series E only, the Company may redeem the Series E Preference Shares if an a pplicable rating agency changes the methodology or criteria that were employed in assigning equity credit to securities similar to the Series E Preference Shares when originally issued, which either (a) shortens the period of time during which equity credit pertaining to the Series E Preference Shares would have been in effect had the methodology not been changed or (b) reduces the amount of equity credit as compared with the amount of equity credit that the rating agency had assigned to the Series E Preference Shares when originally issued. Holders of preference shares generally have no voting rights. If the Company fails to pay dividends for six or more quarterly periods (whether or not consecutive), holders will be entitled to elect two additional directors to the Board of Directors and the size of the Board of Directors will be increased to accommodate such election. Such right to elect two directors will continue until such time as there are no accumulated and unpaid dividends in arrears. Following the closing of the Merger, Triton's preference shares remained outstanding as an obligation of the Company, entitled to the same dividends and other preferences and privileges that they previously had, and continued to be listed on the NYSE. Dividends Dividends on shares of each Series are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of March, June, September and December of each year, when, as and if declared by the Company's Board of Directors. Dividends will be payable equal to the stated rate per annum of the $25.00 liquidation preference per share. The Series rank senior to the Company's common shares with respect to dividend rights and rights upon the Company's liquidation, dissolution or winding up, whether voluntary or involuntary. The Company paid the following quarterly dividends during the years ended December 31, 2023, 2022, and 2021 on its issued and outstanding Series (in millions except for the per-share amounts): Year ended December 31, 2023 2022 2021 Series Per Share Payment Aggregate Payment Per Share Payment Aggregate Payment Per Share Payment Aggregate Payment A (1) $2.12 $ 7.2 $2.12 $ 7.2 $2.12 $ 7.2 B $2.00 $ 11.6 $2.00 $ 11.6 $2.00 $ 11.6 C (1) $1.84 $ 12.8 $1.84 $ 12.8 $1.84 $ 12.8 D (1) $1.72 $ 10.4 $1.72 $ 10.4 $1.72 $ 10.4 E (1) $1.44 $ 10.1 $1.44 $ 10.1 $0.47 $ 3.3 Total $ 52.1 $ 52.1 $ 45.3 (1) Per share payments rounded to the nearest whole cent. As of December 31, 2023, the Company had cumulative unpaid preference dividends of $2.2 million.

Segment and Geographic Informat

Segment and Geographic Information	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Segment and Geographic Information	Segment and Geographic Information Segment Information The Company operates its business in one industry, intermodal transportation equipment, and has two operating segments which also represent its reporting segments: • Equipment leasing - the Company owns, leases and ultimately disposes of containers and chassis from its lease fleet. • Equipment trading - the Company purchases containers from shipping line customers, and other sellers of containers, and resells these containers to container retailers and users of containers for storage or one-way shipment. Included in the equipment trading segment revenues are leasing revenues from equipment purchased for resale that is currently on lease until the containers are dropped off. These operating segments were determined based on the chief operating decision maker's review and resource allocation of the products and services offered. The following tables summarizes the Company's segment information and the consolidated totals reported (in thousands): As of and for the Year Ended December 31, 2023 Equipment Leasing Equipment Trading Totals Total leasing revenues $ 1,537,351 $ 6,441 $ 1,543,792 Trading margin — 7,899 7,899 Net gain on sale of leasing equipment 58,615 — 58,615 Depreciation and amortization expense 574,767 784 575,551 Interest and debt expense 239,844 994 240,838 Segment income (loss) before income taxes (1) 515,975 12,563 528,538 Equipment held for sale 165,184 20,318 185,502 Goodwill 220,864 15,801 236,665 Total assets 11,164,052 68,816 11,232,868 Purchases of leasing equipment and investments in finance leases (2) $ 208,242 $ — $ 208,242 As of and for the Year Ended December 31, 2022 Equipment Leasing Equipment Trading Totals Total leasing revenues $ 1,665,880 $ 13,806 $ 1,679,686 Trading margin — 16,004 16,004 Net gain on sale of leasing equipment 115,665 — 115,665 Depreciation and amortization expense 634,090 747 634,837 Interest and debt expense 224,470 1,621 226,091 Segment income (loss) before income taxes (1) 794,280 25,039 819,319 Equipment held for sale 97,463 41,043 138,506 Goodwill 220,864 15,801 236,665 Total assets 12,010,654 98,604 12,109,258 Purchases of leasing equipment and investments in finance leases (2) $ 943,062 $ — $ 943,062 As of and for the Year Ended December 31, 2021 Equipment Leasing Equipment Trading Totals Total leasing revenues $ 1,519,434 $ 14,446 $ 1,533,880 Trading margin — 34,099 34,099 Net gain on sale of leasing equipment 107,060 — 107,060 Depreciation and amortization expense 625,519 721 626,240 Interest and debt expense 220,292 1,732 222,024 Segment income (loss) before income taxes (1) 673,477 40,973 714,450 Equipment held for sale 16,936 31,810 48,746 Goodwill 220,864 15,801 236,665 Total assets 12,543,270 100,568 12,643,838 Purchases of leasing equipment and investments in finance leases (2) $ 3,434,394 $ — $ 3,434,394 (1) Segment income before income taxes excludes unrealized gains or losses on derivative instruments and debt termination expense. The Company recorded debt termination expense of nil, $1.9 million, and $133.9 million for the years ended December 31, 2023, 2022, and 2021, respectively and an immaterial amount of unrealized gain, an unrealized gain of $0.3 million, and nil for the years ended December 31, 2023, 2022, and 2021, respectively. (2) Represents cash disbursements for purchases of leasing equipment and investments in finance lease as reflected in the Consolidated Statements of Cash Flows for the periods indicated, but excludes cash flows associated with the purchase of equipment held for resale. There are no intercompany revenues or expenses between segments. Certain administrative expenses have been allocated between segments based on an estimate of services provided to each segment. A portion of the Company's equipment purchased for resale in the equipment trading segment may be leased for a period of time and is reflected as leasing equipment as opposed to equipment held for sale and the cash flows associated with these transactions are reflected as purchases of leasing equipment and proceeds from the sale of equipment in investing activities in the Company's Consolidated Statements of Cash Flows. Geographic Segment Information The Company generates the majority of its leasing revenues from international containers which are deployed by its customers in a wide variety of global trade routes. The majority of the Company's leasing related revenue is denominated in U.S. dollars. The following table summarizes the geographic allocation of total leasing revenues for the years ended December 31, 2023, 2022, and 2021 based on customers' primary domicile (in thousands): Year Ended December 31, 2023 2022 2021 Total leasing revenues: Asia $ 529,150 $ 602,985 $ 556,837 Europe 822,902 876,691 807,735 Americas 132,930 142,822 118,430 Bermuda 4,203 3,135 2,424 Other International 54,607 54,053 48,454 Total $ 1,543,792 $ 1,679,686 $ 1,533,880 Since the majority of the Company's containers are used internationally, where no one container is domiciled in one particular place for a prolonged period of time, all of the Company's long-lived assets are considered to be international. The following table summarizes the geographic allocation of equipment trading revenues for the years ended December 31, 2023, 2022 and 2021 based on the location of the sale (in thousands): Year Ended December 31, 2023 2022 2021 Total equipment trading revenues: Asia $ 32,673 $ 71,739 $ 64,588 Europe 19,978 27,620 22,167 Americas 23,897 43,120 47,644 Bermuda — — — Other International 19,450 5,395 8,570 Total $ 95,998 $ 147,874 $ 142,969

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company is a Bermuda exempted company. Bermuda does not currently impose a corporate income tax. The Company is subject to taxation in certain foreign jurisdictions on a portion of its income attributable to such jurisdictions. The two main subsidiaries of Triton are Triton Container International Limited ("TCIL") and TAL International Group ("TAL".) TCIL is a Bermuda exempted company and therefore no income tax is imposed. However, a portion of TCIL’s income is subject to taxation in the U.S. TAL is a U.S. company and therefore is subject to taxation in the U.S. Effects of Pillar 2 The Organization for Economic Co-operation and Development (the “OECD”) has issued various proposals that would change long-standing global tax principles. These proposals include a two-pillar approach to global taxation, focusing on global profit allocation and a global minimum tax rate ("Pillar Two"). Numerous jurisdictions where the Company, its ultimate parent Brookfield Corporation, and its subsidiaries operate have enacted Pillar Two or are actively considering changes to their tax laws to adopt Pillar Two. The Company continues to assess the impact of Pillar Two as countries actively consider changes to their tax laws to adopt certain parts of the OECD's proposal, and will continue to monitor and reflect the impact of such legislative changes in future financial statements as appropriate. The following table sets forth income tax expense (benefit) for the periods indicated (in thousands): Year Ended December 31, 2023 2022 2021 Current taxes: Bermuda $ — $ — $ — U.S. 45,861 46,380 6,528 Foreign 580 952 230 $ 46,441 $ 47,332 $ 6,758 Deferred taxes: Bermuda $ — $ — $ — U.S. 8,010 23,522 43,604 Foreign 13 (47) (5) 8,023 23,475 43,599 Total income tax expense (benefit) $ 54,464 $ 70,807 $ 50,357 The following table sets forth the components of income (loss) before income taxes (in thousands): Year Ended December 31, 2023 2022 2021 Bermuda sources $ 325,453 $ 532,391 $ 346,023 U.S. sources 201,960 284,468 233,518 Foreign sources 1,140 870 1,056 Income (loss) before income taxes $ 528,553 $ 817,729 $ 580,597 The following table sets forth the difference between the Bermuda statutory income tax rate and the effective tax rate on the Consolidated Statements of Operations for the periods indicated below: Year Ended December 31, 2023 2022 2021 Bermuda tax rate — % — % — % Change in enacted tax act 0.86 % 0.66 % — % U.S. income taxed at other than the statutory rate 8.54 % 7.58 % 8.75 % Effect of uncertain tax positions — % (0.06) % (0.09) % Foreign income taxed at other than the statutory rate 0.10 % 0.16 % 0.11 % Effect of permanent differences 0.75 % 0.10 % 0.21 % Other discrete items 0.05 % 0.22 % (0.31) % Effective income tax rate 10.30 % 8.66 % 8.67 % The following table sets forth the components of deferred income tax assets and liabilities (in thousands): December 31, 2023 December 31, 2022 Deferred income tax assets: Net operating loss and interest expense limitation carryforwards $ 6,244 $ 3,669 Deferred income 2,344 2,444 Accrued liabilities and other payables 5,191 3,076 Total gross deferred tax assets 13,779 9,189 Less: Valuation allowance — (200) Net deferred tax assets $ 13,779 $ 8,989 Deferred income tax liabilities: Accelerated depreciation $ 321,494 $ 337,375 Deferred partnership income (loss) 100,961 73,583 Goodwill and other intangible amortization 4,055 3,974 Derivative instruments 3,170 5,383 Deferred income — 302 Total gross deferred tax liability 429,680 420,617 Net deferred income tax liability $ 415,901 $ 411,628 At December 31, 2023, the Company had U.S. state net operating loss carryforwards of $10.1 million that expire at various times beginning in 2025 and net interest expense limitation carryforwards of $26.4 million that have an indefinite carryforward period. The Company held a valuation allowance of $0.2 million at December 31, 2022 related to U.S. state net operating losses. The Company released the entire valuation allowance of $0.2 million at December 31, 2023, as it is more likely than not that Triton will be able to utilize these state net operating losses. In assessing the potential future realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods during which the deferred tax assets are deductible, the Company believes it is more likely than not that the Company will realize the benefits of these deductible differences at December 31, 2023. Certain income taxes on unremitted earnings have not been reflected on the consolidated financial statements because such earnings are intended to be permanently reinvested in those jurisdictions. Such earnings and related income taxes are estimated to be approximately $378.5 million and $113.4 million, respectively, at December 31, 2023. The following table sets forth the unrecognized tax benefit amounts (in thousands): December 31, 2023 December 31, 2022 Beginning balance at January 1 $ — $ 327 Lapse of statute of limitations — (327) Ending balance at December 31 $ — $ — The Company files income tax returns in several jurisdictions including the U.S. and certain U.S. states. The tax years 2020 through 2023 remain subject to examination by major tax jurisdictions. The Company accrues interest and penalties related to income taxes in the provision for income taxes. The following table summarizes interest and penalty expense (in thousands): Year Ended December 31, 2023 2022 2021 Interest expense (benefit) $ — $ (86) $ (78) Penalty expense (benefit) $ — $ (98) $ (97) The following table summarizes the components of income taxes payable included in Accounts payable and other accrued expenses on the Consolidated Balance Sheets (in thousands): December 31, 2023 December 31, 2022 Corporate income taxes payable $ 99 $ — Unrecognized tax benefits — — Interest accrued — — Penalties — — Income taxes payable $ 99 $ —

Other Postemployement Benefits

Other Postemployement Benefits	12 Months Ended
	Dec. 31, 2023
Savings Plan [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Other Postemployment BenefitsThe Company's U.S. employees participate in a defined contribution plan. Under the provisions of the plan, an employee is fully vested with respect to Company contributions after four years of service. The Company matches employee contributions of 100% up to a maximum of $6,000 of qualified compensation and may, at its discretion, make voluntary contributions. The Company's contributions were $0.8 million for the years ended December 31, 2023 and 2022, and $0.7 million for the year ended December 31, 2021.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Container Equipment Purchase Commitments As of December 31, 2023, the Company had commitments to purchase equipment in the amount of $129.1 million to be paid in 2024. Contingencies Legal Proceedings The Company is party to various pending or threatened legal or regulatory proceedings arising in the ordinary course of its business. The ability to predict the ultimate outcome of such matters involves judgments, estimates and inherent uncertainties. Triton records liabilities related to legal matters when the exposure item becomes probable and can be reasonably estimated. Management does not expect these matters to have a material adverse effect on Triton’s financial condition, results of operations, or liquidity. However, these matters are subject to inherent uncertainties and it is possible that a liability arising from these matters could have a material adverse impact in the period in which the uncertainties are resolved, depending in part on the operating results for such period. In connection with the Merger, a putative Triton shareholder filed two petitions demanding an appraisal of its shares under Bermuda law in the Supreme Court of Bermuda. The actions, captioned Oasis Core Investments Fund Ltd. v. Triton International Limited, 2023: Nos. 263 and 265, purport to demand appraisal in respect of 1,184,300 common shares of the Company (approximately 2.15% of the outstanding Triton common shares prior to the closing of the Merger). If a Bermuda court were to find that the fair value of the Triton common shares exceeded the value of the Merger Consideration, under the terms of the Merger Agreement, the Company would have to pay the additional amount for each Triton common share for which appraisal was validly sought in accordance with Bermuda law. The court may in its discretion award the prevailing party its costs, including attorney's fees, at the conclusion of the proceeding. Brookfield Infrastructure has already paid the Merger Consideration due under the terms of the Merger Agreement in cash with respect to these shares, but the Company has not

Related Party

Related Party	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party TransactionsThe Company holds a 50% interest in Tristar Container Services (Asia) Private Limited ("Tristar"), which is primarily engaged in the selling and leasing of container equipment in the domestic and short sea markets in India. The Company's equity investment in Tristar is included in Other assets on the Consolidated Balance Sheets. The Company received payments on finance leases with Tristar of $2.0 million for both the years ended December 31, 2023 and 2022. The Company has a finance lease receivable balance with Tristar of $5.7 million and $7.4 million as of the years ended December 31, 2023 and December 31, 2022, respectively.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On January 29, 2024, the Company's Board of Directors approved and declared a cash dividend of $201.9 million on its issued and outstanding common shares to Parent, which was paid on February 15, 2024. On January 29, 2024, the Company's Board of Directors approved and declared a cash dividend on its issued and outstanding preference shares, payable on March 15, 2024 to holders of record at the close of business on March 8, 2024 as follows: Preference Share Series Dividend Rate Dividend Per Share Series A 8.500% $0.5312500 Series B 8.000% $0.5000000 Series C 7.375% $0.4609375 Series D 6.875% $0.4296875 Series E 5.750% $0.3593750

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation
Use of Estimates	Use of Estimates
Segment Reporting	Segment Reporting
Concentration of Credit Risk	The Company's equipment leases and trade receivables subject it to potential credit risk. The Company extends credit to its customers based upon an evaluation of each customer's financial condition and credit history. Evaluations of the financial condition and associated credit risk of customers are performed on an ongoing basis Other financial instruments that are exposed to concentration of credit risk are cash and cash equivalents, and restricted cash balances. Cash and cash equivalents, and restricted cash are held with financial institutions of high quality. Balances may exceed the amount of insurance provided on such deposits.
Fair Value Measurements	Fair Value Measurements Fair value represents the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The determination of fair value may require an entity to make significant judgments or develop assumptions about market participants to reflect risks specific to the asset being valued. The Company uses the following fair value hierarchy when selecting inputs for its valuation techniques, with the highest priority given to Level 1: • Level 1—quoted prices (unadjusted) in active markets for identical assets or liabilities; • Level 2—inputs other than quoted prices included within Level 1 that are either directly or indirectly observable; and • Level 3—unobservable inputs in which little or no market activity exists, therefore requiring an entity to develop its own assumptions about the assumptions that market participants would use in pricing. Cash and cash equivalents, restricted cash, accounts receivable, equipment purchases payable and accounts payable carrying amounts approximate fair values because of the short-term nature of these instruments. The Company's other financial and non-financial assets, which include leasing equipment, net investment in finance leases, intangible assets and goodwill, are not required to be measured at fair value on a recurring basis. However, if certain triggering events occur, or if an annual impairment test is required, the Company may determine that these assets should be written down to their fair value after completing an evaluation.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of all cash balances and highly liquid investments having original maturities of three months or less at the time of purchase.
Restricted Cash	Restricted Cash The Company's restricted cash relates to amounts held at financial institutions pursuant to certain debt arrangements. The restricted cash balances represent cash proceeds collected and required to be used to pay debt service and other related expenses.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts The Company's allowance for doubtful accounts is estimated based upon a review of the collectability of its receivables. This review is based on the risk profile of the receivables, credit quality indicators such as the level of past-due amounts and economic conditions. Generally, the Company does not require collateral on accounts receivable balances. An account is considered past due when a payment has not been received in accordance with the contractual terms. Changes in economic conditions or other events may necessitate additions or deductions to the allowance for doubtful accounts. The allowance for doubtful accounts is intended to provide for losses in the receivables, and requires the application of estimates and judgments as to the outcome of collection efforts, among other things. The Company believes its allowance for doubtful accounts is adequate to provide for credit losses expected in its existing receivables. For our net investment in finance leases and accounts receivable for sales of equipment, the Company measures expected credit loss by evaluating the overall credit quality of its customers. Expected credit losses for these financial assets are estimated using historical experience which includes multiple economic cycles, customer payment history, management's assessment of the customer's financial condition, and consideration of current conditions and reasonable forecasts.
Net Investment in Finance Leases	Net Investment in Finance Leases The Company has entered into various lease agreements that qualify as finance leases. These leases are long-term in nature, ranging for a period of three to fourteen years, and typically include an option to purchase the equipment at the end of the lease term for a nominal price that the Company deems reasonably certain to be exercised. At the inception of a finance lease, a net investment is recorded based on the gross investment (representing the total future minimum lease payments plus the estimated residual value), net of unearned income. Unearned income represents the excess of the gross investment over the fair value of the leased equipment at lease commencement. Any gain or loss is recognized at commencement and recorded in Net gain on sale of leasing equipment.
Leasing Equipment	Leasing Equipment The Company purchases new equipment from manufacturers for the purpose of leasing to customers. The Company also purchases used equipment with the intention of selling in one or more years from the date of purchase. Leasing equipment is recorded at cost and depreciated to a residual amount for each equipment type on a straight-line basis over its estimated useful life. Capitalized costs for new equipment include the manufactured cost of the equipment, inspection, delivery, and associated costs incurred in moving the equipment from the manufacturer to the initial on-hire location. Repair and maintenance costs that do not extend the lives of the leasing equipment are charged to direct operating expenses at the time the costs are incurred. The estimated useful lives and residual values of the Company's leasing equipment are based on the Company's expectations of how long it will lease the equipment and used container sales prices at the time it expects to sell the equipment. The Company evaluates estimates used in its depreciation policies on a regular basis to determine whether changes, such as industry events, technological advances or changes in standardization for containers have taken place that would suggest that a change in its depreciation estimates for useful lives or residual values is warranted. The Company's evaluation utilizes over fifteen years of historical sales experience for each major equipment type which takes into consideration varying business cycles including unusually high and low markets. Any changes to depreciation estimates are applied prospectively. Due to the size of the depreciable fleet a change in residual values could result in either large increases or decreases to annual depreciation expense depending on the direction of the change in residual values. For 2023, the Company completed its annual review of depreciable lives and residual values during the fourth quarter and concluded no change was necessary. The estimated useful life for each major equipment type for the years ended December 31, 2023 and 2022 was 13 years for Dry containers; 12 years for Refrigerated containers; 16 years for Special containers; and 20 years for Tank containers and Chassis. The net book value of the Company's leasing equipment by major equipment type as of the dates indicated was (in thousands): December 31, 2023 December 31, 2022 Dry container $ 6,926,220 $ 7,550,616 Refrigerated container 1,182,683 1,364,012 Special container 316,062 287,106 Tank container 122,241 112,166 Chassis 221,711 216,496 Total $ 8,768,917 $ 9,530,396
Valuation of Leasing Equipment	Valuation of Leasing Equipment Leasing equipment is evaluated for impairment whenever events or changes in circumstances indicate that its carrying value may not be recoverable. Recoverability of an asset to be held and used is measured by a comparison of the carrying value to its estimated undiscounted future cash flows expected to be generated by the asset. If the carrying value of an asset exceeds its estimated undiscounted future cash flows, an impairment charge is recognized in the amount by which the carrying value of the asset exceeds the fair value of the asset. Key indicators of impairment on leasing equipment include, among other factors, a sustained decrease in operating profitability, a sustained decrease in utilization, or indications of technological obsolescence. When testing for impairment, leasing equipment is generally grouped by equipment type, and is tested separately from other groups of assets and liabilities. Some of the significant estimates and assumptions used to determine future undiscounted cash flows and the measurement for impairment are the remaining useful life, expected utilization, expected future lease rates and expected disposal prices of the equipment. The Company considers the assumptions on expected utilization and the remaining useful life to have the greatest impact on the estimate of future undiscounted cash flows. These estimates are principally based on the Company's historical experience and management's judgment of market conditions at the time the calculations are prepared. The Company has not recorded any impairment charges related to leasing equipment for the years ended December 31, 2023, 2022 and 2021.
Equipment Held for Sale	Equipment Held for Sale When leasing equipment is returned off lease, the Company makes a determination of whether to repair and re-lease the equipment or sell the equipment. At the time the Company determines that equipment will be sold, it reclassifies the carrying value of leasing equipment to equipment held for sale. Equipment held for sale is recorded at the lower of its estimated fair value less costs to sell or carrying value at the time identified for sale. Depreciation expense on equipment held for sale is halted and disposals generally occur within 90 days. Initial write downs of equipment held for sale to fair value are recorded as an impairment charge and are included in Net gain on sale of leasing equipment. Subsequent increases or decreases to the fair value of those assets are recorded as adjustments to the carrying value of the equipment held for sale, however, any such adjustments may not exceed the respective equipment's carrying value at the time it was initially classified as held for sale. Realized gains and losses resulting from the sale of equipment held for sale are recorded in Net gain on sale of leasing equipment, and cash flows associated with the disposal of equipment held for sale are classified as cash flows from investing activities.
Operating Leases	Operating Leases The Company leases office space and office equipment and evaluates whether these leases are classified as operating or financing at the inception of the lease. The classification is based on certain assumptions that require judgment, such as the asset's fair value, the asset's estimated residual value, the interest rate implicit in the lease, and the asset's economic useful life. For operating leases, the Company records a lease liability based on the present value of the remaining minimum payments and a corresponding right-of-use ("ROU") asset. The Company uses its estimated incremental borrowing rate at the commencement date to determine the present value of lease payments. The benefits of lease incentives, including rent-free or reduced rent periods, and the cost of future rent escalations are recognized on a straight-line basis over the term of the lease. A lease liability and a corresponding ROU asset are not recognized when, at the commencement date of the lease, the term is 12 months or less.
Property, Furniture and Equipment	Property, Furniture and Equipment Costs of major additions of property, furniture, equipment and improvements are capitalized and are included in Other assets on the Consolidated Balance Sheets. The original cost is depreciated on a straight-line basis over the estimated useful lives of such property, furniture and equipment. Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term or the estimated useful lives of the leased assets. Other fixed assets, which consist primarily of computer three
Goodwill	Goodwill Goodwill is tested for impairment at least annually on October 31 of each fiscal year or more frequently if events occur or circumstances exist that indicate that the fair value of a reporting unit may be below its carrying value. Goodwill has been allocated to the Company's reporting units, which are the same as its reporting segments. In evaluating goodwill for impairment, the Company has the option to first assess qualitative factors to determine whether further impairment testing is necessary. Among the relevant events and circumstances that affect the fair value of reporting units, the Company considers individual factors such as macroeconomic conditions, changes in its industry and the markets in which the Company operates, as well as its reporting units' historical and expected future financial performance. If, after assessing the totality of events and circumstances, the Company determines it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, then a quantitative goodwill impairment test is performed. The quantitative goodwill impairment test compares the fair value of a reporting unit with its carrying value, including goodwill. If the carrying value of the reporting unit is less than its fair value, no impairment exists. If the carrying value of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit.
Intangible Assets	Intangible Assets
Revenue Recognition	Revenue Recognition Lease Classification We determine the classification of a lease at its inception as either operating leases or finance leases. If the provisions of the lease change after lease inception, other than by renewal or extension, we evaluate whether that change may have resulted in a different lease classification had the change been in effect at inception. If so, the revised agreement is considered a new lease for lease classification purposes. The classification of the lease as either an operating lease or finance lease will impact revenue recognition. Operating Leases with Customers The Company enters into long-term leases and service leases, principally as lessor in operating leases for intermodal equipment. Long-term leases provide customers with specified equipment for a specified term. The Company's leasing revenues are based upon the number of equipment units leased, the applicable per diem rate and the length of the lease. Long-term leases typically have initial contractual terms ranging from five eight The Company recognizes billings to customers for damages and certain other operating costs as leasing revenue when earned based on the terms of the contractual agreements with the customer. Finance Leases with Customers The Company enters into finance leases as lessor for some of the equipment in its fleet. At the inception of the lease, the Company records the total future minimum lease payments plus the estimated residual value, net of executory costs, if any. Cash deposits reduce the gross finance lease receivable and are recorded on the statement of cash flows as deferred revenue within operating activities. The net investment in finance leases represents the receivables due from lessees, net of unearned income and amounts previously billed. As amounts are billed to a customer they are reclassified from gross finance lease receivable to accounts receivable. Unearned income, which also includes any initial direct costs, is recognized on a constant yield basis over the lease term and is recorded as leasing revenue. The Company's finance leases are usually long-term in nature and typically include an option to purchase the equipment at the end of the lease term for a nominal price that the Company deems reasonably certain to be exercised. Equipment Trading Revenues and Expenses
Direct Operating Expenses	Direct Operating Expenses Direct operating expenses are directly related to the Company's equipment under and available for lease. These expenses primarily consist of the Company's costs to repair and maintain the equipment, to reposition the equipment and to store the equipment when it is not on lease. These costs are recognized when incurred. Certain positioning costs may be capitalized when incurred to place new equipment on an initial lease.
Debt Costs	Debt Costs
Derivative Instruments	Derivative Instruments The Company primarily uses derivatives in the management of its interest rate exposure on its long-term borrowings. The Company records derivative instruments on its balance sheet at fair value and establishes criteria for both the designation and effectiveness of hedging activities. The Company has entered into interest rate swap agreements with certain financial institutions. The interest rate swap agreements require the Company to make payments to counterparties at fixed rates in return for receipts based upon variable rates indexed to the Secured Overnight Financing Rate ("SOFR"). Derivative instruments are designated or non-designated for hedge accounting purposes. The fair value of the derivative instruments is measured at each balance sheet date and is reflected on a gross basis on the consolidated balance sheets. The change in fair value of the derivative instruments designated as a cash flow hedge are recorded on the Consolidated Balance Sheets in Accumulated other comprehensive income (loss) and are re-classified to interest and debt expense when the hedged interest payments are recognized. The change in fair value of non-designated derivative instruments is recorded in the Consolidated Statements of Operations as unrealized (gain) loss on derivative instruments, net.
Income Taxes	Income Taxes The Company uses the liability method of accounting for income taxes, which requires recognition of deferred tax assets and liabilities based on the expected future tax consequences of temporary differences that currently exist between the tax basis and financial reporting basis of assets and liabilities. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Any change in the tax rate which has an effect on deferred tax assets and liabilities is recognized as an increase or decrease to income in the period that includes the enactment date of the law that resulted in the change in tax rate. The Company recognizes the effect of income tax positions which are more-likely-than-not of being sustained. If a position does not meet the more-likely-than-not criteria, the Company records a reserve against the tax position such that a tax benefit is recognized only in the amount that has a greater than 50% likelihood of being recognized. The full impact of any change in recognition or measurement of an uncertain tax position is reflected in the period in which such change occurs. Potential interest and penalties associated with such uncertain tax positions are recorded as a component of income tax expense.
Foreign Currency Translation and Re-measurement	Foreign Currency Translation and Re-measurement The Company uses the U.S. dollar as its functional currency. The Company's U.K. subsidiary operations and net assets are denominated in British pounds and are subject to foreign currency translation. The balance sheet accounts of this subsidiary are converted at rates of exchange in effect as of the balance sheet date and the statements of operations accounts are converted at the annual weighted average exchange rate. The effects of changes in exchange rates in translating foreign subsidiaries' financial statements are included in shareholders' equity as accumulated other comprehensive (loss) income. The Company also has certain cash accounts, certain finance lease receivables and certain obligations that are denominated in currencies other than the Company's functional currency. These assets and liabilities are generally denominated in euros or British pounds, and are re-measured at each balance sheet date at the exchange rates in effect as of those dates. The impact of changes in exchange rates on the re-measurement of assets and liabilities are included in Administrative expenses on the Consolidated Statements of Operations. The Company recorded a gain of $0.4 million, a loss of $2.0 million and a loss of $1.0 million in net foreign currency exchange gains or losses for the years ended December 31, 2023, 2022 and 2021, respectively.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of net book value of the Company's leasing equipment by equipment type	The net book value of the Company's leasing equipment by major equipment type as of the dates indicated was (in thousands): December 31, 2023 December 31, 2022 Dry container $ 6,926,220 $ 7,550,616 Refrigerated container 1,182,683 1,364,012 Special container 316,062 287,106 Tank container 122,241 112,166 Chassis 221,711 216,496 Total $ 8,768,917 $ 9,530,396

Merger (Tables)

Merger (Tables)	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	Transaction and other costs were comprised of the following (in thousands): Year Ended December 31, 2023 Employee compensation costs $ 26,956 Advisory fees 41,673 Legal and professional expenses 9,039 Other 1,332 Total $ 79,000

Equipment Held for Sale (Tables

Equipment Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Disclosure of Long Lived Assets Held-for-sale [Table Text Block]	Fair value is measured using Level 2 inputs and is based predominantly on recent sales prices. An impairment charge is recorded when the carrying value of the asset exceeds its fair value less cost to sell. The following table summarizes the Company's components of Net gain on sale of leasing equipment on the Consolidated Statements of Operations (in thousands): Year Ended December 31, 2023 2022 2021 Impairment (loss) reversal on equipment held for sale $ (7,144) $ (887) $ 16 Gain (loss) on sale of equipment, net of selling costs 65,759 116,552 107,044 Net gain on sale of leasing equipment $ 58,615 $ 115,665 $ 107,060

Restricted Cash (Tables)

Restricted Cash (Tables)	12 Months Ended
	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Restrictions on Cash and Cash Equivalents [Table Text Block]	The components of restricted cash were as follows for the periods ended (in thousands): December 31, 2023 December 31, 2022 Collection accounts $ 29,447 $ 37,432 Trust accounts 18,932 16,316 Other restricted cash accounts 43,071 49,334 Total restricted cash $ 91,450 $ 103,082

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of debt instruments	The table below summarizes the Company's key terms and carrying value of debt as of the periods indicated: December 31, 2023 December 31, 2022 Outstanding Borrowings (in thousands) Contractual Weighted Avg Interest Rate Maturity Range Outstanding Borrowings (in thousands) From To Secured Debt Financings Asset-backed securitization term instruments $ 2,579,832 2.04 % February 2028 February 2031 $ 2,890,467 Asset-backed securitization warehouse 240,000 6.96 % April 2029 April 2029 320,000 Total secured debt financings 2,819,832 3,210,467 Unsecured Debt Financings Senior notes 2,300,000 2.45 % June 2024 March 2032 2,900,000 Term loan facility 1,468,496 6.71 % May 2026 May 2026 1,080,000 Revolving credit facility 930,000 6.71 % October 2027 October 2027 945,000 Total unsecured debt financings 4,698,496 4,925,000 Total debt financings 7,518,328 8,135,467 Unamortized debt costs (43,924) (55,863) Unamortized debt premiums & discounts (3,770) (4,784) Debt, net of unamortized costs $ 7,470,634 $ 8,074,820 Balance Outstanding (in thousands) Contractual Weighted Avg Interest Rate Maturity Range Weighted Avg Remaining Term From To Excluding impact of derivative instruments: Fixed-rate debt $4,879,832 2.23% Jun 2024 Mar 2032 4.2 years Floating-rate debt $2,638,496 6.73% May 2026 Apr 2029 3.0 years Including impact of derivative instruments: Fixed-rate debt $4,879,832 2.23% Hedged floating-rate debt 1,847,000 4.00% Total fixed and hedged debt 6,726,832 2.72% Unhedged floating-rate debt 791,496 6.73% Total debt outstanding $7,518,328 3.13%
Schedule of Maturities of Debt	At December 31, 2023, the Company's scheduled principal repayments and maturities were as follows (in thousands): Years ending December 31, 2024 $ 953,357 2025 470,517 2026 2,119,575 2027 1,317,992 2028 591,830 2029 and thereafter 2,065,057 Total debt outstanding $ 7,518,328

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of interest rate swap contracts	As of December 31, 2023, the Company had derivative agreements in place to fix interest rates on a portion of the borrowings under its debt facilities with floating interest rates as summarized below: Derivatives Notional Amount (in millions) Weighted Average Weighted Average Interest Rate Swap (1) $1,847.0 2.63% 3.7 years (1) Excludes certain interest rate swaps with an effective date in a future period ("forward starting swaps"). Including these instruments will increase total notional amount by $350.0 million and increase the weighted average remaining term to 4.6 years .
Schedule of derivatives instruments and their effect on consolidated statements of operations and consolidated statements of comprehensive income	The following table summarizes the impact of derivative instruments on the Consolidated Statements of Operations and the Consolidated Statements of Comprehensive Income on a pretax basis (in thousands): Year Ended December 31, Financial statement caption 2023 2022 2021 Non-Designated Derivative Instruments Realized (gains) losses Debt termination expense $ — $ — $ 883 Unrealized (gains) losses Unrealized (gain) loss on derivative instruments, net $ (15) $ (343) $ — Designated Derivative Instruments Realized (gains) losses Interest and debt (income) expense $ (47,648) $ 260 $ 30,638 Unrealized (gains) losses Comprehensive (income) loss $ (20,148) $ (168,156) $ (59,185)

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Lessee, Balance Sheet and Income Statement Effect	The following table summarizes the impact of the Company's leases in its financial statements (in thousands): Balance Sheet Financial statement caption December 31, 2023 December 31, 2022 Right-of-use asset - operating Other assets $ 10,093 $ 3,145 Lease liability - operating Accounts payable and other accrued expenses $ 13,510 $ 3,465 Year Ended December 31, Income Statement Financial statement caption 2023 2022 2021 Operating lease cost (1) Administrative expenses $ 2,869 $ 3,205 $ 3,183 (1) Includes short-term leases that are immaterial.
Lessee, Operating Lease, Liability, Maturity	The following represents the Company's future undiscounted cash flows related to lease liabilities for each of the next five years and thereafter as of December 31, 2023 (in thousands): Years ending December 31, 2024 $ 2,293 2025 2,211 2026 1,729 2027 1,364 2028 1,333 2029 and thereafter 8,912 Total undiscounted future cash flows related to lease payments $ 17,842 Less: imputed interest (4,332) Total present value of lease liability $ 13,510
Operating Lease, Lease Income	Operating Leases The following is the minimum future rental income as of December 31, 2023 under non-cancelable operating leases, assuming the minimum contractual lease term (in thousands): Years ending December 31, 2024 $ 947,292 2025 801,865 2026 632,268 2027 501,203 2028 409,448 2029 and thereafter 1,064,472 Total $ 4,356,548
Schedule of deferred revenue	As of December 31, 2023, the Company has deferred revenue balances related to operating leases with uneven payment terms. These amounts will be amortized into revenue as follows (in thousands): Years ending December 31, 2024 $ 76,256 2025 65,540 2026 42,761 2027 16,241 2028 15,077 2029 and thereafter 43,148 Total $ 259,023
Schedule of components of the net investment in finance leases	The following table summarizes the components of the net investment in finance leases (in thousands): December 31, 2023 December 31, 2022 Future minimum lease payment receivable (1) $ 1,928,167 $ 2,161,192 Estimated residual receivable (2) 218,199 218,004 Gross finance lease receivables (3) 2,146,366 2,379,196 Unearned income (4) (636,486) (739,365) Finance lease reserve (5) (2,588) — Net investment in finance leases (6) $ 1,507,292 $ 1,639,831 (1) There were no executory costs included in gross finance lease receivables as of December 31, 2023 and December 31, 2022. (2) The Company's finance leases generally include a purchase option at nominal amounts that is reasonably certain to be exercised, and therefore, the Company has immaterial residual value risk for assets. (3) The gross finance lease receivable is reduced as billed to customers and reclassified to accounts receivable until paid by customers. (4) There were no unamortized initial direct costs as of December 31, 2023 and December 31, 2022. (5) As of December 31, 2023, the Company had a finance lease reserve of $2.6 million that was a reserve on leasing equipment. (6) One major customer represented 93% and 90% of the Company's finance lease portfolio as of December 31, 2023 and 2022, respectively. No other customer represented more than 10% of the Company's finance lease portfolio in each of those periods.
Schedule of contractual maturities of the Company’s gross finance lease receivables	Maturities of the Company's gross finance lease receivables subsequent to December 31, 2023 are as follows (in thousands): Years ending December 31, 2024 $ 205,910 2025 202,864 2026 196,361 2027 172,641 2028 167,466 2029 and thereafter 1,201,124 Total $ 2,146,366

Other Equity Matters (Tables)

Other Equity Matters (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Stock by Class	Preference Shares The following table summarizes the Company's preference share issuances (each, a "Series"): Preference Share Series Issuance Liquidation Preference (in thousands) # of Shares (1) Underwriting Discounts (in thousands) Series A 8.50% Cumulative Redeemable Perpetual Preference Shares ("Series A") March 2019 $ 86,250 3,450,000 $ 2,717 Series B 8.00% Cumulative Redeemable Perpetual Preference Shares ("Series B") June 2019 143,750 5,750,000 $ 4,528 Series C 7.375% Cumulative Redeemable Perpetual Preference Shares ("Series C") November 2019 175,000 7,000,000 $ 5,513 Series D 6.875% Cumulative Redeemable Perpetual Preference Shares ("Series D") January 2020 150,000 6,000,000 $ 4,725 Series E 5.75% Cumulative Redeemable Perpetual Preference Shares ("Series E") August 2021 175,000 7,000,000 $ 5,513 $ 730,000 29,200,000 $ 22,996 (1) Represents number of shares authorized, issued, and outstanding.
Dividends Declared	The Company paid the following quarterly dividends during the years ended December 31, 2023, 2022, and 2021 on its issued and outstanding Series (in millions except for the per-share amounts): Year ended December 31, 2023 2022 2021 Series Per Share Payment Aggregate Payment Per Share Payment Aggregate Payment Per Share Payment Aggregate Payment A (1) $2.12 $ 7.2 $2.12 $ 7.2 $2.12 $ 7.2 B $2.00 $ 11.6 $2.00 $ 11.6 $2.00 $ 11.6 C (1) $1.84 $ 12.8 $1.84 $ 12.8 $1.84 $ 12.8 D (1) $1.72 $ 10.4 $1.72 $ 10.4 $1.72 $ 10.4 E (1) $1.44 $ 10.1 $1.44 $ 10.1 $0.47 $ 3.3 Total $ 52.1 $ 52.1 $ 45.3 (1) Per share payments rounded to the nearest whole cent.

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of segment information	The following tables summarizes the Company's segment information and the consolidated totals reported (in thousands): As of and for the Year Ended December 31, 2023 Equipment Leasing Equipment Trading Totals Total leasing revenues $ 1,537,351 $ 6,441 $ 1,543,792 Trading margin — 7,899 7,899 Net gain on sale of leasing equipment 58,615 — 58,615 Depreciation and amortization expense 574,767 784 575,551 Interest and debt expense 239,844 994 240,838 Segment income (loss) before income taxes (1) 515,975 12,563 528,538 Equipment held for sale 165,184 20,318 185,502 Goodwill 220,864 15,801 236,665 Total assets 11,164,052 68,816 11,232,868 Purchases of leasing equipment and investments in finance leases (2) $ 208,242 $ — $ 208,242 As of and for the Year Ended December 31, 2022 Equipment Leasing Equipment Trading Totals Total leasing revenues $ 1,665,880 $ 13,806 $ 1,679,686 Trading margin — 16,004 16,004 Net gain on sale of leasing equipment 115,665 — 115,665 Depreciation and amortization expense 634,090 747 634,837 Interest and debt expense 224,470 1,621 226,091 Segment income (loss) before income taxes (1) 794,280 25,039 819,319 Equipment held for sale 97,463 41,043 138,506 Goodwill 220,864 15,801 236,665 Total assets 12,010,654 98,604 12,109,258 Purchases of leasing equipment and investments in finance leases (2) $ 943,062 $ — $ 943,062 As of and for the Year Ended December 31, 2021 Equipment Leasing Equipment Trading Totals Total leasing revenues $ 1,519,434 $ 14,446 $ 1,533,880 Trading margin — 34,099 34,099 Net gain on sale of leasing equipment 107,060 — 107,060 Depreciation and amortization expense 625,519 721 626,240 Interest and debt expense 220,292 1,732 222,024 Segment income (loss) before income taxes (1) 673,477 40,973 714,450 Equipment held for sale 16,936 31,810 48,746 Goodwill 220,864 15,801 236,665 Total assets 12,543,270 100,568 12,643,838 Purchases of leasing equipment and investments in finance leases (2) $ 3,434,394 $ — $ 3,434,394 (1) Segment income before income taxes excludes unrealized gains or losses on derivative instruments and debt termination expense. The Company recorded debt termination expense of nil, $1.9 million, and $133.9 million for the years ended December 31, 2023, 2022, and 2021, respectively and an immaterial amount of unrealized gain, an unrealized gain of $0.3 million, and nil for the years ended December 31, 2023, 2022, and 2021, respectively. (2) Represents cash disbursements for purchases of leasing equipment and investments in finance lease as reflected in the Consolidated Statements of Cash Flows for the periods indicated, but excludes cash flows associated with the purchase of equipment held for resale.
Geographic allocation of revenues for the periods indicated based on the customers primary domicile and allocates equipment trading revenue based on the location of sale	The following table summarizes the geographic allocation of total leasing revenues for the years ended December 31, 2023, 2022, and 2021 based on customers' primary domicile (in thousands): Year Ended December 31, 2023 2022 2021 Total leasing revenues: Asia $ 529,150 $ 602,985 $ 556,837 Europe 822,902 876,691 807,735 Americas 132,930 142,822 118,430 Bermuda 4,203 3,135 2,424 Other International 54,607 54,053 48,454 Total $ 1,543,792 $ 1,679,686 $ 1,533,880 The following table summarizes the geographic allocation of equipment trading revenues for the years ended December 31, 2023, 2022 and 2021 based on the location of the sale (in thousands): Year Ended December 31, 2023 2022 2021 Total equipment trading revenues: Asia $ 32,673 $ 71,739 $ 64,588 Europe 19,978 27,620 22,167 Americas 23,897 43,120 47,644 Bermuda — — — Other International 19,450 5,395 8,570 Total $ 95,998 $ 147,874 $ 142,969

Income Taxes - (Tables)

Income Taxes - (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Year Ended December 31, 2023 2022 2021 Current taxes: Bermuda $ — $ — $ — U.S. 45,861 46,380 6,528 Foreign 580 952 230 $ 46,441 $ 47,332 $ 6,758 Deferred taxes: Bermuda $ — $ — $ — U.S. 8,010 23,522 43,604 Foreign 13 (47) (5) 8,023 23,475 43,599 Total income tax expense (benefit) $ 54,464 $ 70,807 $ 50,357 December 31, 2023 December 31, 2022 Corporate income taxes payable $ 99 $ — Unrecognized tax benefits — — Interest accrued — — Penalties — — Income taxes payable $ 99 $ —
Schedule of Income before Income Tax, Domestic and Foreign	Year Ended December 31, 2023 2022 2021 Bermuda sources $ 325,453 $ 532,391 $ 346,023 U.S. sources 201,960 284,468 233,518 Foreign sources 1,140 870 1,056 Income (loss) before income taxes $ 528,553 $ 817,729 $ 580,597
Schedule of Effective Income Tax Rate Reconciliation	The following table sets forth the difference between the Bermuda statutory income tax rate and the effective tax rate on the Consolidated Statements of Operations for the periods indicated below: Year Ended December 31, 2023 2022 2021 Bermuda tax rate — % — % — % Change in enacted tax act 0.86 % 0.66 % — % U.S. income taxed at other than the statutory rate 8.54 % 7.58 % 8.75 % Effect of uncertain tax positions — % (0.06) % (0.09) % Foreign income taxed at other than the statutory rate 0.10 % 0.16 % 0.11 % Effect of permanent differences 0.75 % 0.10 % 0.21 % Other discrete items 0.05 % 0.22 % (0.31) % Effective income tax rate 10.30 % 8.66 % 8.67 %
Summary of Unrecognized Tax Benefits	The following table sets forth the unrecognized tax benefit amounts (in thousands): December 31, 2023 December 31, 2022 Beginning balance at January 1 $ — $ 327 Lapse of statute of limitations — (327) Ending balance at December 31 $ — $ —
Schedule of Deferred Tax Assets and Liabilities	The following table sets forth the components of deferred income tax assets and liabilities (in thousands): December 31, 2023 December 31, 2022 Deferred income tax assets: Net operating loss and interest expense limitation carryforwards $ 6,244 $ 3,669 Deferred income 2,344 2,444 Accrued liabilities and other payables 5,191 3,076 Total gross deferred tax assets 13,779 9,189 Less: Valuation allowance — (200) Net deferred tax assets $ 13,779 $ 8,989 Deferred income tax liabilities: Accelerated depreciation $ 321,494 $ 337,375 Deferred partnership income (loss) 100,961 73,583 Goodwill and other intangible amortization 4,055 3,974 Derivative instruments 3,170 5,383 Deferred income — 302 Total gross deferred tax liability 429,680 420,617 Net deferred income tax liability $ 415,901 $ 411,628
Summary of Income Tax Interest and Penalties	The following table summarizes interest and penalty expense (in thousands): Year Ended December 31, 2023 2022 2021 Interest expense (benefit) $ — $ (86) $ (78) Penalty expense (benefit) $ — $ (98) $ (97)

Subsequent Events (Tables)

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Schedule of Dividends Payable	On January 29, 2024, the Company's Board of Directors approved and declared a cash dividend on its issued and outstanding preference shares, payable on March 15, 2024 to holders of record at the close of business on March 8, 2024 as follows: Preference Share Series Dividend Rate Dividend Per Share Series A 8.500% $0.5312500 Series B 8.000% $0.5000000 Series C 7.375% $0.4609375 Series D 6.875% $0.4296875 Series E 5.750% $0.3593750

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Concentration of Credit Risk (Details) - segment	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Number of Reportable Segments	2
Customer One [Member] | Leases Billing [Member] | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration Risk, Percentage	20%	20%	21%
Customer One [Member] | Accounts Receivable [Member] | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration Risk, Percentage	19%	11%
Customer Two [Member] | Leases Billing [Member] | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration Risk, Percentage	17%	17%	16%
Customer Two [Member] | Accounts Receivable [Member] | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration Risk, Percentage	14%
Customer Three [Member] | Leases Billing [Member] | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration Risk, Percentage	12%	11%	10%
Customer Three [Member] | Accounts Receivable [Member] | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration Risk, Percentage	10%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Leasing Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Leasing equipment	$ 8,768,917	$ 9,530,396
Property Available for Operating Lease, Net	727,600	525,400
Dry container
Property, Plant and Equipment [Line Items]
Leasing equipment	6,926,220	7,550,616
Refrigerated container
Property, Plant and Equipment [Line Items]
Leasing equipment	1,182,683	1,364,012
Special container
Property, Plant and Equipment [Line Items]
Leasing equipment	316,062	287,106
Tank container
Property, Plant and Equipment [Line Items]
Leasing equipment	122,241	112,166
Chassis
Property, Plant and Equipment [Line Items]
Leasing equipment	$ 221,711	$ 216,496

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Other Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Impairment [Line Items]
Lessee, Operating Lease, Term of Contract	9 years 6 months	1 year 7 months 6 days
Translation Adjustment Functional to Reporting Currency, Increase (Decrease), Gross of Tax	$ 0.4	$ 2	$ 1
Minimum [Member]
Impairment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Lessee, Operating Lease, Term of Contract	5 years
Maximum [Member]
Impairment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Lessee, Operating Lease, Term of Contract	8 years

Merger - Additional Information

Merger - Additional Information (Details) $ / shares in Units, $ in Thousands		12 Months Ended
	Sep. 28, 2023 tradingDays $ / shares shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Business Acquisition [Line Items]
Share-based compensation expense | $		$ 7,305	$ 12,512	$ 9,365
Brookfield Infrastructure
Business Acquisition [Line Items]
Trading days | tradingDays	10
Share price	$ 37.64
Common shares, shares outstanding (in shares) | shares	101,158,891
Share-based compensation expense | $		24,200
Employee compensation costs | $		2,200
Accrued employee benefits | $		$ 43,800
Brookfield Infrastructure | Mixed Consideration
Business Acquisition [Line Items]
Cash consideration per acquiree share (in usd per share)	$ 68.50
Brookfield Infrastructure | All-Cash Consideration
Business Acquisition [Line Items]
Equity interests issued and issuable per acquiree share (in usd per share)	0.3895
Brookfield Infrastructure | All Share Consideration
Business Acquisition [Line Items]
Cash consideration per acquiree share (in usd per share)	83.16
Equity interests issued and issuable per acquiree share (in usd per share)	$ 2.21

Merger - Schedule of Business A

Merger - Schedule of Business Acquisition, by Acquisition (Details) - Brookfield Infrastructure $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Business Acquisition [Line Items]
Employee compensation costs	$ 26,956
Advisory fees	41,673
Legal and professional expenses	9,039
Other	1,332
Total	$ 79,000

Equipment Held for Sale (Detail

Equipment Held for Sale (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net gain (loss) on sale of leasing equipment	$ 58,615	$ 115,665	$ 107,060
Long Lived Assets Held-for-sale, Name [Domain]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net gain (loss) on sale of leasing equipment	(7,144)	(887)	16
Equipment, net of selling costs [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net gain (loss) on sale of leasing equipment	$ 65,759	$ 116,552	$ 107,044

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Combinations [Abstract]
Amortization of above and below Market Leases	$ 2
Lease related amortization	$ 4.7	$ 10.5	$ 16.5

Restricted Cash (Details)

Restricted Cash (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 91,450,000	$ 103,082,000
Restricted Stock [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	29,447,000	37,432,000
Restricted Stock [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	18,932,000	16,316,000
Restricted Stock [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 43,071,000	$ 49,334,000

Debt - Key Term and Carrying Va

Debt - Key Term and Carrying Value (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Debt outstanding	$ 7,518,328	$ 8,135,467
Unamortized debt costs	(43,924)	(55,863)
Unamortized debt premiums & discounts	(3,770)	(4,784)
Debt, net of unamortized debt costs	7,470,634	8,074,820
Asset Backed Securitization Term Notes
Debt Instrument [Line Items]
Debt outstanding	$ 2,579,832	2,890,467
Debt Instrument, Interest Rate, Effective Percentage	2.04%
Asset-backed securitization warehouse
Debt Instrument [Line Items]
Debt outstanding	$ 240,000	320,000
Debt Instrument, Interest Rate, Effective Percentage	6.96%
Secured Debt
Debt Instrument [Line Items]
Debt outstanding	$ 2,819,832	3,210,467
Senior Notes
Debt Instrument [Line Items]
Debt outstanding	$ 2,300,000	2,900,000
Debt Instrument, Interest Rate, Effective Percentage	2.45%
Term Notes
Debt Instrument [Line Items]
Debt outstanding	$ 1,468,496	1,080,000
Debt Instrument, Interest Rate, Effective Percentage	6.71%
Revolving credit facilities
Debt Instrument [Line Items]
Debt outstanding	$ 930,000	945,000
Debt Instrument, Interest Rate, Effective Percentage	6.71%
Unsecured Debt
Debt Instrument [Line Items]
Debt outstanding	$ 4,698,496	$ 4,925,000
Revolving Credit Facility and Second Revolving Credit Facility
Debt Instrument [Line Items]
Remaining borrowing capacity	$ 1,148,700

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Sep. 01, 2023	Aug. 01, 2023	Mar. 31, 2023	Dec. 31, 2022
Debt
Derivative, Notional Amount				$ 300,000
Debt and Lease Obligation	$ 7,518,328				$ 8,135,467
Interest Rate Swap [Member]
Debt
Derivative, Notional Amount			$ 300,000
Fair Value, Inputs, Level 2 [Member]
Debt
Debt and Lease Obligation	6,905,900				7,264,700
Second Revolving Credit Facility [Member]
Debt
Borrowing capacity	1,125,000
Revolving credit facilities
Debt
Borrowing capacity	2,000,000
Debt and Lease Obligation	$ 930,000				945,000
Revolving credit facilities | Secured Overnight Financing Rate (SOFR) | Revolving Credit Facility
Debt
Debt Instrument, Basis Spread on Variable Rate	1.60%
Revolving Credit Facility and Second Revolving Credit Facility
Debt
Remaining borrowing capacity	$ 1,148,700
Revolving Credit Facility and Second Revolving Credit Facility | Secured Overnight Financing Rate (SOFR)
Debt
Debt Instrument, Basis Spread on Variable Rate	1.35%
Term Notes
Debt
Debt and Lease Obligation	$ 1,468,496				1,080,000
Corporate notes
Debt
Debt Instrument, Face Amount			$ 600,000
Debt Instrument, Interest Rate, Stated Percentage			0.80%
Senior Notes
Debt
Debt and Lease Obligation	$ 2,300,000				$ 2,900,000
Term Loan | Secured Overnight Financing Rate (SOFR)
Debt
Debt Instrument, Basis Spread on Variable Rate	2.60%
Revolving Credit Facility
Debt
Borrowing capacity	$ 1,125,000
Term Loan Facility
Debt
Line of Credit Facility, Accordion Feature, Increase Limit		$ 500,000
Term Loan Facility | Secured Overnight Financing Rate (SOFR)
Debt
Debt Instrument, Basis Spread on Variable Rate	135%
Minimum [Member] | Corporate notes
Debt
Debt Instrument, Term	3 years
Maximum [Member] | Corporate notes
Debt
Debt Instrument, Term	10 years

Debt - Outstanding Debt (Detail

Debt - Outstanding Debt (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Excluding Impact [Member] | Variable Rate Debt [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 2,638,496
Debt, Percentage Interest Rate Remaining Term	3 years
Excluding Impact [Member] | Fixed Rate Debt [Member]
Debt Instrument [Line Items]
Debt, Percentage Interest Rate Remaining Term	4 years 2 months 12 days
Including Impact [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 7,518,328
Debt, Weighted Average Interest Rate	3.13%
Including Impact [Member] | Variable Rate Debt [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	6.73%
Including Impact [Member] | Fixed Rate Debt [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 4,879,832
Debt, Weighted Average Interest Rate	2.23%
Including Impact [Member] | Hedged Debt [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 1,847,000
Designated as Hedging Instrument [Member] | Including Impact [Member] | Fixed and Hedged Debt [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 6,726,832
Debt, Weighted Average Interest Rate	2.72%
Designated as Hedging Instrument [Member] | Including Impact [Member] | Hedged Debt [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	4%
Not Designated as Hedging Instrument [Member] | Including Impact [Member] | Unhedged Debt [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 791,496

Debt - Debt Maturities (Details

Debt - Debt Maturities (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Debt Disclosure [Abstract]
2024	$ 953,357
2025	470,517
2026	2,119,575
2027	1,317,992
2028	591,830
2029 and thereafter	2,065,057
Total debt outstanding	$ 7,518,328

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Aug. 01, 2023	Mar. 31, 2023
Derivative Instruments
Derivative, Notional Amount			$ 300
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 41.4
Interest Rate Swap [Member]
Derivative Instruments
Derivative, Notional Amount		$ 300
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative Instruments
Cash Collateral for Interest Rate Swap Contracts	1.1
Not Designated as Hedging Instrument [Member] | Interest Rate Cap [Member]
Derivative Instruments
Derivative, Notional Amount	$ 500

Derivative Instruments - Intere

Derivative Instruments - Interest Rate Swap/Caps (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Interest Rate Swap [Member]
Fair Value of Derivative Instruments
Weighted Average Fixed Leg (Pay) Interest Rate	2.63%
Weighted Average Remaining Term	3 years 8 months 12 days
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Fair Value of Derivative Instruments
Notional Amount (in millions)	$ 1,847
Designated as Hedging Instrument [Member] | Forward Contracts [Member]
Fair Value of Derivative Instruments
Weighted Average Remaining Term	4 years 7 months 6 days
Total Notional Amount Forward Starting Interest Rate Swap	$ 350

Derivative Instruments - Summar

Derivative Instruments - Summary of Derivative Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value of Derivative Instruments
Unrealized (gains) losses	$ (450,389)	$ (905,010)	$ (614,456)
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest and debt expense
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Fair Value of Derivative Instruments
Realized (gains) losses	$ (47,648)	260	30,638
Other Comprehensive Income (Loss) [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Fair Value of Derivative Instruments
Unrealized (gains) losses	(20,148)	(168,156)	(59,185)
Debt termination expense | Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Fair Value of Derivative Instruments
Realized loss on derivative instruments, net	0	0	883
Unrealized (Gain) Loss On Derivative Instruments | Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]
Fair Value of Derivative Instruments
Realized loss on derivative instruments, net	$ (15)	$ (343)	$ 0

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating Lease, Weighted Average Implicit Rate, Percent	5.67%	3.98%
Lessee, Operating Lease, Term of Contract	9 years 6 months	1 year 7 months 6 days
Operating Lease, Payments	$ 2.9	$ 3.4	$ 3.3

Leases -Lessee, Balance Sheet a

Leases -Lessee, Balance Sheet and Income Statement Effect (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	$ 10,093	$ 3,145
Operating Lease, Liability	$ 13,510	$ 3,465
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accounts payable and other accrued expenses	Accounts payable and other accrued expenses
General and Administrative Expense [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	$ 2,869	$ 3,205	$ 3,183

Leases - Operating Leases Lesse

Leases - Operating Leases Lessee Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
2022	$ 2,293
2023	2,211
2024	1,729
2025	1,364
2026	1,333
2027 and thereafter	8,912
Total undiscounted future cash flows related to lease payments	17,842
Less: imputed interest	(4,332)
Total present value of lease liability	13,510	$ 3,465
Lessor, Operating Lease, Payment to be Received, Recognized
2022	76,256
2023	65,540
2024	42,761
2025	16,241
2026	15,077
2017 and thereafter	43,148
Total	259,023
Leases, Operating [Abstract]
2022	947,292
2023	801,865
2024	632,268
2025	501,203
2026	409,448
2029 and thereafter	1,064,472
Total	$ 4,356,548

Leases - Schedule of components

Leases - Schedule of components of the net investment in finance leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Components of the net investment in finance leases
Future minimum lease payment receivable	$ 1,928,167	$ 2,161,192
Estimated residual receivable	218,199	218,004
Gross finance lease receivable	2,146,366	2,379,196
Unearned income	(636,486)	(739,365)
Finance lease reserve	(2,588)	0
Net investment in finance leases	$ 1,507,292	$ 1,639,831
Customer One [Member] | Lease Finance Portfolio Benchmark | Customer Concentration Risk
Components of the net investment in finance leases
Concentration Risk, Percentage	93%	90%

Leases - Maturities Of Gross Fi

Leases - Maturities Of Gross Finance Lease Receivables (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Leases [Abstract]
2022	$ 205,910
2023	202,864
2024	196,361
2025	172,641
2026	167,466
2027 and thereafter	1,201,124
Total	$ 2,146,366

Share-Based Compensation (Narra

Share-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Sep. 28, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		$ 7,305	$ 12,512	$ 9,365
Reclassification of Share-Based Awards to a Liability		(16,109)
Brookfield Infrastructure
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense		24,200
Reclassification of Share-Based Awards to a Liability		16,100
Nonvested award, cost not yet recognized		$ 12,000
Brookfield Infrastructure | All Share Consideration
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash consideration per acquiree share (in usd per share)	$ 83.16
Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchased During Period, Shares		81,190	110,709	87,740
Employees, Non-Directors | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted		138,727

Other Equity Matters (Details)

Other Equity Matters (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury stock	$ 0	$ 0	$ 1,077,559
Return of capital to Parent		$ (408,190)
Treasury Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Treasury share acquired (in shares)	1,884,616	1,884,616	9,065,286	1,528,173
Share price ( usd per share)	$ 66.66	$ 66.66
Treasury stock	$ 125,700	$ 125,700
Percentage of treasury stock acquired	100%	100%
Retained Earnings [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Return of capital to Parent		$ (408,190)

Other Equity Matters - Preferre

Other Equity Matters - Preferred Shares (Details) - USD ($) $ / shares in Units, $ in Thousands						12 Months Ended
	Aug. 31, 2021	Jan. 31, 2020	Nov. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Preferred Stock, Liquidation Preference, Value						$ 730,000
Preferred Stock, Liquidation Preference Per Share						29,200,000
Preferred Units, Offering Costs						$ 22,996
Issuance of preferred shares, net of underwriting discount						$ 0	$ 0	$ 169,488
Preferred Stock, Redemption Price Per Share						$ 25
Preferred Stock [Member]
Class of Stock [Line Items]
Cumulative Dividends						$ 2,200
8.50% Series A Cumulative Redeemable Perpetual Preference Shares
Class of Stock [Line Items]
Dividend Rate					8.50%
Preferred Stock, Liquidation Preference, Value					$ 86,250
Preferred Stock, Liquidation Preference Per Share					3,450,000
Preferred Units, Offering Costs					$ 2,717
8.00% Series B Cumulative Redeemable Perpetual Preference Shares
Class of Stock [Line Items]
Dividend Rate				8%
Preferred Stock, Liquidation Preference, Value				$ 143,750
Preferred Stock, Liquidation Preference Per Share				5,750,000
Preferred Units, Offering Costs				$ 4,528
7.375% Series C Cumulative Redeemable Perpetual Preference Shares
Class of Stock [Line Items]
Dividend Rate			7.375%
Preferred Stock, Liquidation Preference, Value			$ 175,000
Preferred Stock, Liquidation Preference Per Share			7,000,000
Preferred Units, Offering Costs			$ 5,513
6.875% Series D Cumulative Redeemable Perpetual Preference Shares
Class of Stock [Line Items]
Dividend Rate		6.875%
Preferred Stock, Liquidation Preference, Value		$ 150,000
Preferred Stock, Liquidation Preference Per Share		6,000,000
Preferred Units, Offering Costs		$ 4,725
5.75% Series E Cumulative Redeemable Perpetual Preference Shares
Class of Stock [Line Items]
Dividend Rate	5.75%
Preferred Stock, Liquidation Preference, Value	$ 175,000
Preferred Stock, Liquidation Preference Per Share	7,000,000
Preferred Units, Offering Costs	$ 5,513

Other Equity Matters - Dividend

Other Equity Matters - Dividend Payment (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
8.50% Series A Cumulative Redeemable Perpetual Preference Shares
Dividends Payable [Line Items]
Dividends	$ 7.2	$ 7.2	$ 7.2
Preferred Stock, Dividends, Per Share, Cash Paid	$ 2.12	$ 2.12	$ 2.12
8.00% Series B Cumulative Redeemable Perpetual Preference Shares
Dividends Payable [Line Items]
Dividends	$ 11.6	$ 11.6	$ 11.6
Preferred Stock, Dividends, Per Share, Cash Paid	$ 2	$ 2	$ 2
7.375% Series C Cumulative Redeemable Perpetual Preference Shares
Dividends Payable [Line Items]
Dividends	$ 12.8	$ 12.8	$ 12.8
Preferred Stock, Dividends, Per Share, Cash Paid	$ 1.84	$ 1.84	$ 1.84
6.875% Series D Cumulative Redeemable Perpetual Preference Shares
Dividends Payable [Line Items]
Dividends	$ 10.4	$ 10.4	$ 10.4
Preferred Stock, Dividends, Per Share, Cash Paid	$ 1.72	$ 1.72	$ 1.72
5.75% Series E Cumulative Redeemable Perpetual Preference Shares
Dividends Payable [Line Items]
Dividends	$ 10.1	$ 10.1	$ 3.3
Preferred Stock, Dividends, Per Share, Cash Paid	$ 1.44	$ 1.44	$ 0.47
Preferred Stock [Member]
Dividends Payable [Line Items]
Dividends	$ 52.1	$ 52.1	$ 45.3

Other Equity Matters - AOCI (De

Other Equity Matters - AOCI (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 3,204,363	$ 3,064,712	$ 2,565,948
Reclassification of (gain) loss on derivative instruments designated as cash flow hedges	42,797	(1,168)	(28,722)
Foreign currency translation adjustment	49	(727)	(105)
Ending balance	2,936,998	3,204,363	3,064,712
AOCI Attributable to Parent [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	109,269	(48,819)	(133,035)
Ending balance	$ 85,569	$ 109,269	$ (48,819)

Segment and Geographic Inform_3

Segment and Geographic Information - Segment Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of Operating Segments | segment	2
Number of Reportable Segments | segment	2
Operating and Capital Leases Income Statement Lease Revenue	$ 1,543,792	$ 1,679,686	$ 1,533,880
Gross Profit	7,899	16,004	34,099
Net (gain) loss on sale of leasing equipment	(58,615)	(115,665)	(107,060)
Depreciation and amortization expense	575,551	634,837	626,240
Interest and debt expense	240,838	226,091	222,024
Income before income taxes	528,538	819,319	714,450
Equipment held for sale	185,502	138,506	48,746
Goodwill at the end of the period	236,665	236,665	236,665
Total assets at the end of the period	11,232,868	12,109,258	12,643,838
Purchases of leasing equipment and investments in finance leases	208,242	943,062	3,434,394
Write-off of debt costs	0	1,933	133,853
Unrealized gain (loss) on investment	15	343	0
Equipment leasing
Segment Reporting Information [Line Items]
Operating and Capital Leases Income Statement Lease Revenue	1,537,351	1,665,880	1,519,434
Gross Profit	0	0	0
Net (gain) loss on sale of leasing equipment	(58,615)	(115,665)	(107,060)
Depreciation and amortization expense	574,767	634,090	625,519
Interest and debt expense	239,844	224,470	220,292
Income before income taxes	515,975	794,280	673,477
Equipment held for sale	165,184	97,463	16,936
Goodwill at the end of the period	220,864	220,864	220,864
Total assets at the end of the period	11,164,052	12,010,654	12,543,270
Purchases of leasing equipment and investments in finance leases	208,242	943,062	3,434,394
Write-off of debt costs		1,900	133,900
Equipment trading
Segment Reporting Information [Line Items]
Operating and Capital Leases Income Statement Lease Revenue	6,441	13,806	14,446
Gross Profit	7,899	16,004	34,099
Net (gain) loss on sale of leasing equipment	0	0	0
Depreciation and amortization expense	784	747	721
Interest and debt expense	994	1,621	1,732
Income before income taxes	12,563	25,039	40,973
Equipment held for sale	20,318	41,043	31,810
Goodwill at the end of the period	15,801	15,801	15,801
Total assets at the end of the period	68,816	98,604	100,568
Purchases of leasing equipment and investments in finance leases	$ 0	$ 0	$ 0

Segment and Geographic Inform_4

Segment and Geographic Information - Geographic Allocation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating and Capital Leases Income Statement Lease Revenue	$ 1,543,792	$ 1,679,686	$ 1,533,880
Total revenues	95,998	147,874	142,969
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating and Capital Leases Income Statement Lease Revenue	529,150	602,985	556,837
Total revenues	32,673	71,739	64,588
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating and Capital Leases Income Statement Lease Revenue	822,902	876,691	807,735
Total revenues	19,978	27,620	22,167
BERMUDA
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating and Capital Leases Income Statement Lease Revenue	4,203	3,135	2,424
Total revenues	0	0	0
Americas [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating and Capital Leases Income Statement Lease Revenue	132,930	142,822	118,430
Total revenues	23,897	43,120	47,644
Other international
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating and Capital Leases Income Statement Lease Revenue	54,607	54,053	48,454
Total revenues	$ 19,450	$ 5,395	$ 8,570

Income Taxes - Components of Cu

Income Taxes - Components of Current and Deferred (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Foreign [Line Items]
Current foreign tax expense	$ 46,441,000	$ 47,332,000	$ 6,758,000
Deferred foreign tax expense	8,023,000	23,475,000	43,599,000
Total foreign income taxes	54,464,000	70,807,000	50,357,000
Income (loss) before income taxes	528,553,000	817,729,000	580,597,000
BERMUDA
Foreign [Line Items]
Current foreign tax expense	0	0	0
Deferred foreign tax expense	0	0	0
Income (loss) before income taxes	325,453,000	532,391,000	346,023,000
UNITED STATES
Foreign [Line Items]
Current Income Tax Expense (Benefit)	45,861,000	46,380,000	6,528,000
Deferred Federal Income Tax Expense (Benefit)	8,010,000	23,522,000	43,604,000
Income (loss) before income taxes	201,960,000	284,468,000	233,518,000
Foreign
Foreign [Line Items]
Current foreign tax expense	580,000	952,000	230,000
Deferred foreign tax expense	13,000	(47,000)	(5,000)
Income (loss) before income taxes	$ 1,140,000	$ 870,000	$ 1,056,000

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Effective Tax Rate [Line Items]
Foreign income taxed at other than the statutory rate	0.10%	0.16%	0.11%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	0.86%	0.66%	0%
Effective Income Tax Rate Reconciliation, Uncertain Tax Positions, Percent	0%	(0.06%)	(0.09%)
Income Tax Reconciliation, Permanent Differences and Other Adjustments	0.75%	0.10%	0.21%
Income Tax Reconciliation, Discrete Items	0.05%	0.22%	(0.31%)
Effective income tax rate	10.30%	8.66%	8.67%
BERMUDA
Effective Tax Rate [Line Items]
Foreign income taxed at other than the statutory rate	0%	0%	0%
UNITED STATES
Effective Tax Rate [Line Items]
Effective income tax rate	8.54%	7.58%	8.75%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred income tax assets:
Net operating loss and interest expense limitation carryforwards	$ 6,244	$ 3,669
Deferred income	2,344	2,444
Accrued liabilities and other payables	5,191	3,076
Total gross deferred tax assets	13,779	9,189
Less: Valuation allowance	0	(200)
Net deferred tax assets	13,779	8,989
Deferred income tax liabilities:
Accelerated depreciation	321,494	337,375
Derivative instruments	3,170	5,383
Deferred income	0	302
Deferred partnership income (loss)	100,961	73,583
Total gross deferred tax liability	429,680	420,617
Deferred Tax Assets, Net	415,901	411,628
Deferred Tax Liabilities, Goodwill and Intangible Assets	$ 4,055	$ 3,974

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Income Tax Disclosure [Abstract]
Deferred tax assets, operating loss carryforwards, domestic	$ 10.1
Deferred tax asset, interest carryforward	26.4
Operating loss carryforwards, valuation allowance	0.2
Unremitted earnings	378.5
Taxes withhelld on unremitted earnings	$ 113.4

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Beginning balance at January 1	$ 0	$ 327
Lapse of statute of limitations	0	(327)
Ending balance at December 31	$ 0	$ 0

Income Taxes - Interest and Pen

Income Taxes - Interest and Penalty Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Interest expense (benefit)	$ 0	$ (86)	$ (78)
Penalty expense (benefit)	$ 0	$ (98)	$ (97)

Income Taxes - Components of In

Income Taxes - Components of Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Corporate income taxes payable	$ 99	$ 0
Unrecognized tax benefits	0	0	$ 327
Interest accrued	0	0
Penalties	0	0
Income taxes payable	$ 99	$ 0

Other Postemployement Benefits

Other Postemployement Benefits (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Maximum contribution match	$ 6,000
Defined Contribution Plan, Cost	$ 800,000	$ 700,000
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100%

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Dec. 31, 2023 USD ($) shares
Commitments and Contingencies Disclosure [Abstract]
Purchase commitment payable | $	$ 129.1
Common Shares Appraised, Shares | shares	1,184,300
Percentage of Common Shares Appraised	2.15%

Related Party (Details)

Related Party (Details) - Tristar [Member] - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Percentage Of Ownership	50%
Direct Financing Lease Receivable [Member]
Related Party Transaction [Line Items]
Revenue from related party	$ 2
Loans and Leases Receivable, Related Parties	$ 5.7	$ 7.4

Subsequent Events - Schedule of

Subsequent Events - Schedule of Dividends Payable (Details) - $ / shares	Jan. 29, 2024	Aug. 31, 2021	Jan. 31, 2020	Nov. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
8.50% Series A Cumulative Redeemable Perpetual Preference Shares
Subsequent Event [Line Items]
Dividend Rate						8.50%
8.50% Series A Cumulative Redeemable Perpetual Preference Shares | Subsequent Event
Subsequent Event [Line Items]
Dividend Rate	8.50%
Dividend approved and declared (in dollars per share)	$ 0.5312500
8.00% Series B Cumulative Redeemable Perpetual Preference Shares
Subsequent Event [Line Items]
Dividend Rate					8%
8.00% Series B Cumulative Redeemable Perpetual Preference Shares | Subsequent Event
Subsequent Event [Line Items]
Dividend Rate	8%
Dividend approved and declared (in dollars per share)	$ 0.5000000
7.375% Series C Cumulative Redeemable Perpetual Preference Shares
Subsequent Event [Line Items]
Dividend Rate				7.375%
7.375% Series C Cumulative Redeemable Perpetual Preference Shares | Subsequent Event
Subsequent Event [Line Items]
Dividend Rate	7.375%
Dividend approved and declared (in dollars per share)	$ 0.4609375
6.875% Series D Cumulative Redeemable Perpetual Preference Shares
Subsequent Event [Line Items]
Dividend Rate			6.875%
6.875% Series D Cumulative Redeemable Perpetual Preference Shares | Subsequent Event
Subsequent Event [Line Items]
Dividend Rate	6.875%
Dividend approved and declared (in dollars per share)	$ 0.4296875
5.75% Series E Cumulative Redeemable Perpetual Preference Shares
Subsequent Event [Line Items]
Dividend Rate		5.75%
5.75% Series E Cumulative Redeemable Perpetual Preference Shares | Subsequent Event
Subsequent Event [Line Items]
Dividend Rate	5.75%
Dividend approved and declared (in dollars per share)	$ 0.3593750

Subsequent Events - Narrative (

Subsequent Events - Narrative (Details) - USD ($) $ in Thousands		12 Months Ended
	Jan. 29, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 22, 2024
Subsequent Event [Line Items]
Cash dividend		$ 117,184	$ 163,736	$ 158,735
Subsequent Event
Subsequent Event [Line Items]
Cash dividend	$ 201,900
ABS Facility | Subsequent Event
Subsequent Event [Line Items]
Borrowing capacity					$ 1,125,000