Kansas City Southern (KSU) 10-Q 17 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 14, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Registrant Name	KANSAS CITY SOUTHERN
Entity Central Index Key	54,480
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		110,360,097

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues	$ 585.8	$ 649.7	$ 1,188.9	$ 1,257.1
Operating expenses:
Compensation and benefits	108	115.5	225.6	226.1
Purchased services	57	63.8	115.1	119
Fuel	77.5	107.7	158.5	211.6
Equipment costs	29.9	29.5	59	61.2
Depreciation and amortization	70.8	63.9	139.3	125.8
Materials and other	55.8	55.1	116.8	109.3
Lease termination costs	0	8.4	9.6	38.3
Total operating expenses	399	443.9	823.9	891.3
Operating income	186.8	205.8	365	365.8
Equity in net earnings of unconsolidated affiliates	5	5.9	9.4	11.6
Interest expense	(17.7)	(17.9)	(36.3)	(36.6)
Debt retirement costs	0	0	0	(6.6)
Foreign exchange gain (loss)	(10.5)	5.3	(22.1)	8.4
Other expense, net	(1.2)	(2.8)	(2)	(3.3)
Income before income taxes	162.4	196.3	314	339.3
Income tax expense	50.2	66.1	100.6	115.1
Net income	112.2	130.2	213.4	224.2
Less: Net income attributable to noncontrolling interest	0.4	0.4	0.8	0.7
Net income attributable to Kansas City Southern and subsidiaries	111.8	129.8	212.6	223.5
Preferred stock dividends	0	0	0.1	0.1
Net income available to common stockholders	$ 111.8	$ 129.8	$ 212.5	$ 223.4
Earnings per share:
Basic earnings per share	$ 1.01	$ 1.18	$ 1.93	$ 2.03
Diluted earnings per share	$ 1.01	$ 1.18	$ 1.92	$ 2.02
Average shares outstanding (in thousands):
Basic	110,334	110,160	110,322	110,121
Potentially dilutive common shares	181	237	200	277
Diluted shares	110,515	110,397	110,522	110,398

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net income	$ 112.2	$ 130.2	$ 213.4	$ 224.2
Other comprehensive loss:
Amortization of prior service credit, net of tax of less than $(0.1) million	0	0	(0.1)	0
Foreign currency translation adjustments, net of tax of $(0.2) million and $(0.3) million, respectively	(0.2)	0	(0.5)	0
Other comprehensive loss	(0.2)	0	(0.6)	0
Comprehensive income	112	130.2	212.8	224.2
Less: Comprehensive income attributable to noncontrolling interest	0.4	0.4	0.8	0.7
Comprehensive income attributable to Kansas City Southern and subsidiaries	$ 111.6	$ 129.8	$ 212	$ 223.5

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (Parentheticals) - Jun. 30, 2015 - USD ($) $ in Millions	Total	Total
Tax effect on amortization of prior service credit		$ 0
Tax effect on foreign currency translation adjustments	$ (0.2)	$ (0.3)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 50.9	$ 348
Accounts receivable, net	195.3	181.6
Materials and supplies	134.1	111
Deferred income taxes	71.2	100.1
Other current assets	72	77.6
Total current assets	523.5	818.3
Investments	36.6	36.4
Property and equipment (including concession assets), net	7,419.1	7,154.7
Other assets	73.1	81.6
Total assets	8,052.3	8,091
Current liabilities:
Debt due within one year	25.2	24.8
Short-term borrowings	291.9	450.1
Accounts payable and accrued liabilities	384.1	423.9
Total current liabilities	701.2	898.8
Long-term debt	1,828.5	1,841
Deferred income taxes	1,179.4	1,156.3
Other noncurrent liabilities and deferred credits	145.7	130.8
Total liabilities	3,854.8	4,026.9
Commitments and contingencies	0	0
Stockholders' equity:
$.01 par, common stock, 400,000,000 shares authorized; 123,352,185 shares issued; 110,325,301 and 110,392,330 shares outstanding at June 30, 2015 and December 31, 2014, respectively	1.1	1.1
Additional paid-in capital	962.1	949.8
Retained earnings	2,922.6	2,801.7
Accumulated other comprehensive loss	(3.8)	(3.2)
Total stockholders’ equity	3,888.1	3,755.5
Noncontrolling interest	309.4	308.6
Total equity	4,197.5	4,064.1
Total liabilities and equity	8,052.3	8,091
$25 Par Preferred Stock [Member]
Stockholders' equity:
$25 par, 4% noncumulative, preferred stock, 840,000 shares authorized, 649,736 shares issued, 242,170 shares outstanding	$ 6.1	$ 6.1

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Stockholders' equity:
Common Stock, Par Value	$ 0.01	$ 0.01
Common Stock, Shares Authorized	400,000,000	400,000,000
Common Stock, Shares Issued	123,352,185	123,352,185
Common Stock, Shares Outstanding	110,325,301	110,392,330
$25 Par Preferred Stock [Member]
Stockholders' equity:
Preferred Stock, Par Value	$ 25	$ 25
Preferred Stock, Dividend Rate	4.00%	4.00%
Preferred Stock, Shares Authorized	840,000	840,000
Preferred Stock, Shares Issued	649,736	649,736
Preferred Stock, Shares Outstanding	242,170	242,170

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities:
Net income	$ 213.4	$ 224.2
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	139.3	125.8
Deferred income taxes	54.2	58.4
Equity in net earnings of unconsolidated affiliates	(9.4)	(11.6)
Share-based compensation	8.1	4.4
Excess tax benefit from share-based compensation	(4.4)	(2.5)
Distributions from unconsolidated affiliates	7.8	15.8
Debt retirement costs	0	6.6
Changes in working capital items:
Accounts receivable	(11.7)	(12.4)
Materials and supplies	(23.2)	(4.3)
Other current assets	15.6	3.2
Accounts payable and accrued liabilities	4.8	(10.6)
Other, net	3	(0.7)
Net cash provided by operating activities	397.5	396.3
Investing activities:
Capital expenditures	(360.2)	(268)
Purchase or replacement of equipment under operating leases	(61.3)	(294.3)
Property investments in MSLLC	(3.9)	(24.8)
Proceeds from disposal of property	2.7	3.6
Other, net	(20.8)	3.9
Net cash used for investing activities	(443.5)	(579.6)
Financing activities:
Proceeds from short-term borrowings	8,409.6	5,081.5
Repayment of short-term borrowings	(8,568.6)	(4,761.1)
Proceeds from issuance of long-term debt	40	175
Repayment of long-term debt	(52.3)	(495.4)
Dividends paid	(67.5)	(54.8)
Shares repurchased	(20.6)	0
Debt costs	0	(4.1)
Excess tax benefit from share-based compensation	4.4	2.5
Proceeds from employee stock plans	3.9	0.4
Net cash used for financing activities	(251.1)	(56)
Cash and cash equivalents:
Net decrease during each period	(297.1)	(239.3)
At beginning of year	348	429.5
At end of period	$ 50.9	$ 190.2

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation In the opinion of the management of KCS, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of normal and recurring adjustments) necessary to fairly present the results for interim periods in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). Pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”), certain information and note disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. These consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 . The results of operations for the three and six months ended June 30, 2015 , are not necessarily indicative of the results to be expected for the full year ending December 31, 2015 .

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers , which requires companies to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration it expects to be entitled in exchange for those goods or services. The new standard will become effective for the Company beginning with the first quarter 2018 and can be adopted either retrospectively to each prior reporting period presented or as a cumulative effect adjustment as of the date of adoption. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, Interest — Imputation of Interest, which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance of debt issuance costs are not affected by the amendments in this update. The standard will be effective for the Company beginning in the first quarter of 2016 and requires the Company to apply the new guidance on a retrospective basis on adoption. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

Earnings Per Share Data

Earnings Per Share Data	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share Data	Earnings Per Share Data Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share adjusts basic earnings per common share for the effects of potentially dilutive common shares, if the effect is not anti-dilutive. Potentially dilutive common shares include the dilutive effects of shares issuable under the stock option and performance award plans. The following table reconciles the basic earnings per share computation to the diluted earnings per share computation (in millions, except share and per share amounts) : Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net income available to common stockholders for purposes of computing basic and diluted earnings per share $ 111.8 $ 129.8 $ 212.5 $ 223.4 Weighted-average number of shares outstanding ( in thousands ): Basic shares 110,334 110,160 110,322 110,121 Effect of dilution 181 237 200 277 Diluted shares 110,515 110,397 110,522 110,398 Earnings per share: Basic earnings per share $ 1.01 $ 1.18 $ 1.93 $ 2.03 Diluted earnings per share $ 1.01 $ 1.18 $ 1.92 $ 2.02 Potentially dilutive shares excluded from the calculation (in thousands): Stock options excluded as their inclusion would be anti-dilutive 125 67 74 52

Lease Termination Costs

Lease Termination Costs	6 Months Ended
	Jun. 30, 2015
Leases [Abstract]
Lease Termination Costs	Lease Termination Costs During the six months ended June 30, 2015 and 2014 , the Company purchased $61.3 million and $297.3 million , respectively, of equipment under existing operating leases and replacement equipment as certain operating leases expired. The Company did not incur lease termination costs for the three months ended June 30, 2015 , and for the three months ended June 30, 2014, recognized $8.4 million of lease termination costs (included in operating expenses) due to the early termination of certain operating leases and the related purchase of the equipment. For the six months ended June 30, 2015 and 2014 , the Company recognized $9.6 million and $38.3 million , respectively, of lease termination costs.

Property and Equipment (includi

Property and Equipment (including Concession Assets)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment (including Concession Assets)	Property and Equipment (including Concession Assets) Property and equipment, including concession assets, and related accumulated depreciation and amortization are summarized below (in millions) : June 30, December 31, Land $ 217.8 $ 216.8 Concession land rights 141.2 141.2 Road property 6,519.1 6,294.7 Equipment 2,146.5 1,979.9 Technology and other 170.5 160.9 Construction in progress 202.6 241.5 Total property 9,397.7 9,035.0 Accumulated depreciation and amortization 1,978.6 1,880.3 Property and equipment (including concession assets), net $ 7,419.1 $ 7,154.7 Concession assets, net of accumulated amortization of $501.4 million and $483.1 million , totaled $2,010.7 million and $2,007.6 million at June 30, 2015 and December 31, 2014 , respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Assets and liabilities recognized at fair value are required to be classified into a three-level hierarchy. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, and inputs other than quoted prices that are observable for the asset or liability. Level 3 inputs are unobservable inputs for the asset or liability, and include situations where there is little, if any, market activity for the asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value in its entirety requires judgment and considers factors specific to the asset or liability. The Company’s derivative financial instruments are measured at fair value on a recurring basis and consist of foreign currency forward and option contracts, which are classified as Level 2 instruments. The Company determines the fair value of its derivative financial instrument positions based upon pricing models using inputs observed from actively quoted markets, the contract terms, market currency exchange rates, and in the case of option contracts, volatility, the risk-free interest rate and the time to expiration. The fair value of the foreign currency derivative instruments was a liability of $22.5 million and $4.3 million at June 30, 2015 and December 31, 2014 , respectively. The Company’s short-term financial instruments include cash and cash equivalents, accounts receivable, accounts payable and short-term borrowings. The carrying value of the short-term financial instruments approximates their fair value. The fair value of the Company’s debt is estimated using quoted market prices when available. When quoted market prices are not available, fair value is estimated based on current market interest rates for debt with similar maturities and credit quality. The fair value of the Company’s debt was $1,838.7 million and $1,884.1 million at June 30, 2015 and December 31, 2014 , respectively. The carrying value was $1,853.7 million and $1,865.8 million at June 30, 2015 and December 31, 2014 , respectively. If the Company’s debt were measured at fair value, the fair value measurements of the individual debt instruments would have been classified as either Level 1 or Level 2 in the fair value hierarchy.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company enters into derivative transactions in certain situations based on management’s assessment of current market conditions and perceived risks. Management intends to respond to evolving business and market conditions and in doing so, may enter into such transactions as deemed appropriate. Credit Risk. As a result of the use of derivative instruments, the Company is exposed to counterparty credit risk. The Company manages this risk by limiting its counterparties to large financial institutions which meet the Company’s credit rating standards and have an established banking relationship with the Company. As of June 30, 2015 , the Company did not expect any losses as a result of default of its counterparties. Foreign Currency Derivative Instruments. The Company’s Mexican subsidiaries have net U.S. dollar-denominated liabilities (primarily debt) which, for Mexican income tax purposes, are subject to periodic revaluation based on changes in the value of the Mexican peso against the U.S. dollar. This revaluation creates fluctuations in the Company’s Mexican income tax expense and the amount of income taxes paid in Mexico. The Company enters into foreign currency derivative contracts to hedge its exposure to this risk. In the first quarter of 2015, the Company entered into foreign currency forward contracts with an aggregate notional amount of $300.0 million . These contracts mature on January 15, 2016 , and obligate the Company to purchase a total of Ps.4,480.4 million at a weighted-average exchange rate of Ps.14.93 to each U.S. dollar. In the first half of 2015, the Company also entered into several foreign currency option contracts known as zero-cost collars. These contracts involve the Company’s purchase of a Mexican peso call option and a simultaneous sale of a Mexican peso put option, with equivalent U.S. dollar notional amounts for each option and no net cash premium paid by the Company. Zero-cost collar contracts with an aggregate notional amount of $50.0 million and $80.0 million will mature on September 28, 2015 and January 15, 2016 , respectively. The zero-cost collar contracts have a weighted-average Mexican peso call rate of Ps.15.79 to each U.S. dollar and a weighted-average Mexican peso put rate of Ps.15.16 to each U.S. dollar. In December 2014, the Company entered into foreign currency forward contracts with an aggregate notional amount of $300.0 million . These contracts matured on January 15, 2015 , and obligated the Company to purchase a total of Ps.4,364.7 million at a weighted-average exchange rate of Ps.14.55 to each U.S. dollar. During January 2015, the Company entered into offsetting contracts with an aggregate notional amount of $298.8 million . These offsetting contracts matured on January 15, 2015 , and obligated the Company to sell a total of Ps.4,364.7 million at a weighted-average exchange rate of Ps.14.61 to each U.S. dollar. The Company has not designated any of the foreign currency derivative contracts as hedging instruments for accounting purposes. The Company measures the foreign currency derivative contracts at fair value each period and recognizes any change in fair value in foreign exchange gain (loss) within the consolidated statements of income. The following table presents the fair value of derivative instruments included in the consolidated balance sheets ( in millions ): Derivative Liabilities Balance Sheet Location June 30, December 31, 2014 Derivatives not designated as hedging instruments: Foreign currency forward contracts Accounts payable and accrued liabilities $ 19.4 $ 4.3 Foreign currency zero-cost collar contracts Accounts payable and accrued liabilities 3.1 — Total derivative liabilities $ 22.5 $ 4.3 The following table presents the amounts included in the consolidated statements of income (in millions) : Location of Gain/(Loss) Recognized in Income on Derivative Amount of Gain/(Loss) Recognized in Income on Derivative Three months ended Six months ended June 30, June 30, 2015 2014 2015 2014 Derivatives not designated as hedging instruments: Foreign currency forward contracts Foreign exchange gain (loss) $ (6.9 ) $ 5.5 $ (16.3 ) $ 8.7 Foreign currency zero-cost collar contracts Foreign exchange gain (loss) (2.4 ) — (3.1 ) — Total $ (9.3 ) $ 5.5 $ (19.4 ) $ 8.7

Short-Term Borrowings

Short-Term Borrowings	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Short-Term Borrowings	Short-Term Borrowings Commercial Paper. The commercial paper programs of The Kansas City Southern Railway Company (“KCSR”) and Kansas City Southern de Mexico, S.A. de C.V. (“KCSM”) generally serve as the primary means of short-term funding. As of June 30, 2015 , KCSR had $291.9 million of commercial paper outstanding at a weighted-average interest rate of 0.720% and KCSM had no commercial paper outstanding. Short-Term Borrowing. On October 22, 2014, Kansas City Southern International Investments, S.A. de C.V. (“KCSII”), a wholly-owned subsidiary of the Company, KCSR, and certain other subsidiaries of the Company that guaranty KCSR’s Second Amended and Restated Credit Agreement dated as of November 21, 2012 (together with the Company and KCSR, the “Guarantors”), entered into a Credit Agreement (the "KCSII Credit Agreement") with The Bank of Tokyo-Mitsubishi UFJ, Ltd., as lender ("BTM"). Pursuant to the terms of the KCSII Credit Agreement, BTM agreed to extend credit in an aggregate principal amount of up to $300.0 million , with repayment due 90 days after the borrowing date of each loan. KCSII borrowed $100.0 million on October 22, 2014, and borrowed an additional $200.0 million on December 15, 2014. The loans had a weighted-average interest rate of 1.49% and were repaid during the first quarter of 2015 using available cash.

Equity

Equity	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Equity	Equity The following tables summarize the changes in equity ( in millions ): Three Months Ended June 30, 2015 Three Months Ended June 30, 2014 Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Beginning balance $ 3,829.5 $ 309.0 $ 4,138.5 $ 3,433.0 $ 306.3 $ 3,739.3 Net income 111.8 0.4 112.2 129.8 0.4 130.2 Other comprehensive loss (0.2 ) — (0.2 ) — — — Dividends on common stock (36.5 ) — (36.5 ) (30.9 ) — (30.9 ) Dividends on $25 par preferred stock — — — — — — Share repurchases (20.6 ) — (20.6 ) — — — Options exercised and stock subscribed, net of shares withheld for employee taxes (0.4 ) — (0.4 ) 0.2 — 0.2 Excess tax benefit from share-based compensation 0.8 — 0.8 0.1 — 0.1 Share-based compensation 3.7 — 3.7 2.9 — 2.9 Ending balance $ 3,888.1 $ 309.4 $ 4,197.5 $ 3,535.1 $ 306.7 $ 3,841.8 Six Months Ended June 30, 2015 Six Months Ended June 30, 2014 Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Beginning balance $ 3,755.5 $ 308.6 $ 4,064.1 $ 3,370.6 $ 306.0 $ 3,676.6 Net income 212.6 0.8 213.4 223.5 0.7 224.2 Other comprehensive loss (0.6 ) — (0.6 ) — — — Dividends on common stock (72.9 ) — (72.9 ) (61.8 ) — (61.8 ) Dividends on $25 par preferred stock (0.1 ) — (0.1 ) (0.1 ) — (0.1 ) Share repurchases (20.6 ) — (20.6 ) — — — Options exercised and stock subscribed, net of shares withheld for employee taxes 1.7 — 1.7 (4.0 ) — (4.0 ) Excess tax benefit from share-based compensation 4.4 — 4.4 2.5 — 2.5 Share-based compensation 8.1 — 8.1 4.4 — 4.4 Ending balance $ 3,888.1 $ 309.4 $ 4,197.5 $ 3,535.1 $ 306.7 $ 3,841.8 Share Repurchase Program In May 2015, the Company announced a share repurchase program of up to $500.0 million , which expires on June 30, 2017 . Management's assessment of market conditions, available liquidity and other factors will determine the timing and volume of repurchases. Future share repurchases are expected to be funded by cash on hand, cash generated from operations and debt. During the second quarter of 2015, KCS repurchased 222,131 shares of common stock for $20.6 million at an average price of $92.71 per share under this program. The excess of repurchase price over par value is allocated between additional paid-in capital and retained earnings. Cash Dividends on Common Stock On May 8, 2015 , the Company’s Board of Directors declared a cash dividend of $0.330 per share payable on July 8, 2015 , to common stockholders of record as of June 8, 2015 . The aggregate amount of the dividends declared for the three and six months ended June 30, 2015 was $36.5 million and $72.9 million , respectively. The following table presents the amount of cash dividends declared per common share by the Company’s Board of Directors: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Cash dividends declared per common share $ 0.330 $ 0.280 $ 0.660 $ 0.560

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Concession Duty. Under KCSM’s 50 -year railroad concession from the Mexican government (the “Concession”), which could expire in 2047 unless extended, KCSM pays concession duty expense of 1.25% of gross revenues. For the three and six months ended June 30, 2015 , the concession duty expense, which is recorded within materials and other in operating expenses, was $3.9 million and $7.7 million , respectively, compared to $4.0 million and $7.6 million for the same periods in 2014 . Litigation. The Company is a party to various legal proceedings and administrative actions, all of which, except as set forth below, are of an ordinary, routine nature and incidental to its operations. Included in these proceedings are various tort claims brought by current and former employees for job-related injuries and by third parties for injuries related to railroad operations. KCS aggressively defends these matters and has established liability provisions, which management believes are adequate to cover expected costs. Although it is not possible to predict with certainty the outcome of any legal proceeding, in the opinion of management, other than those proceedings described in detail below, such proceedings and actions should not, individually, or in the aggregate, have a material adverse effect on the Company’s consolidated financial statements. On April 15, 2014, a putative securities class action lawsuit was filed in the United States District Court for the Western District of Missouri against the Company and certain of its current and former officers and directors. The securities class action is styled as Gross v. Kansas City Southern, et al. , 4:14-cv-00345-BCW. On April 16, 2014, the first of two shareholder derivative actions purportedly brought on behalf of the Company (which is named as a “nominal defendant”) was filed in the United States District Court for the Western District of Missouri against certain of the Company’s current and former directors and officers. The first derivative action is styled as Webster v. Starling, et al. , 4:14-cv-00349-BCW. The second derivative action was filed on June 6, 2014, and is styled as Lerner v. Starling, et al. , 4:14-cv-00509-BCW. The complaints allege, among other things, that the Company made misrepresentations or omitted to disclose certain facts in connection with its volume guidance for fiscal year 2013. Pursuant to a joint agreement between the parties, these cases were dismissed by the District Court on June 30, 2015. These disputes were resolved without payment by the Company. Environmental Liabilities. The Company’s U.S. operations are subject to extensive federal, state and local environmental laws and regulations. The major U.S. environmental laws to which the Company is subject include, among others, the Federal Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA,” also known as the Superfund law), the Toxic Substances Control Act, the Federal Water Pollution Control Act, and the Hazardous Materials Transportation Act. CERCLA can impose joint and several liabilities for cleanup and investigation costs, without regard to fault or legality of the original conduct, on current and predecessor owners and operators of a site, as well as those who generate, or arrange for the disposal of, hazardous substances. The Company does not believe that compliance with the requirements imposed by the environmental legislation will impair its competitive capability or result in any material additional capital expenditures, operating or maintenance costs. The Company is, however, subject to environmental remediation costs as described in the following paragraphs. The Company’s Mexico operations are subject to Mexican federal and state laws and regulations relating to the protection of the environment through the establishment of standards for water discharge, water supply, emissions, noise pollution, hazardous substances and transportation and handling of hazardous and solid waste. The Mexican government may bring administrative and criminal proceedings, impose economic sanctions against companies that violate environmental laws, and temporarily or even permanently close non-complying facilities. The risk of incurring environmental liability is inherent in the railroad industry. As part of serving the petroleum and chemicals industry, the Company transports hazardous materials and has a professional team available to respond to and handle environmental issues that might occur in the transport of such materials. The Company performs ongoing reviews and evaluations of the various environmental programs and issues within the Company’s operations, and, as necessary, takes actions intended to limit the Company’s exposure to potential liability. Although these costs cannot be predicted with certainty, management believes that the ultimate outcome of identified matters will not have a material adverse effect on the Company’s consolidated financial statements. Personal Injury. The Company’s personal injury liability is based on semi-annual actuarial studies performed on an undiscounted basis by an independent third party actuarial firm and reviewed by management. This liability is based on personal injury claims filed and an estimate of claims incurred but not yet reported. Actual results may vary from estimates due to the number, type and severity of the injury, costs of medical treatments and uncertainties in litigation. Adjustments to the liability are reflected within operating expenses in the period in which changes to estimates are known. Personal injury claims in excess of self-insurance levels are insured up to certain coverage amounts, depending on the type of claim and year of occurrence. The personal injury liability as of June 30, 2015 , was based on an updated actuarial study of personal injury claims through May 31, 2015, and review of the June 2015 experience. The personal injury liability activity was as follows (in millions) : Six Months Ended June 30, 2015 2014 Balance at beginning of year $ 29.3 $ 31.2 Accruals 4.4 4.4 Change in estimate (3.5 ) (0.7 ) Payments (3.2 ) (3.8 ) Balance at end of period $ 27.0 $ 31.1 Certain Disputes with Ferromex. KCSM and Ferrocarril Mexicano, S.A. de C.V. (“Ferromex”) use certain trackage rights, haulage rights and interline services (the “Services”) provided by each other. The rates to be charged after January 1, 2009, were agreed to pursuant to the Trackage Rights Agreement, dated February 9, 2010 (the “Trackage Rights Agreement”), between KCSM and Ferromex. The rates payable for these Services for the period beginning in 1998 through December 31, 2008, are still not resolved. If KCSM cannot reach an agreement with Ferromex for rates applicable for Services which were provided prior to January 1, 2009, which are not subject to the Trackage Rights Agreement, the Mexican Secretaría de Comunicaciones y Transportes (“Secretary of Communications and Transportation” or “SCT”) is entitled to set the rates in accordance with Mexican law and regulations. KCSM and Ferromex both initiated administrative proceedings seeking a determination by the SCT of the rates that KCSM and Ferromex should pay each other in connection with the Services. The SCT issued rulings in 2002 and 2008 setting the rates for the Services and both KCSM and Ferromex challenged these rulings. Although KCSM and Ferromex have challenged these matters based on different grounds and these cases continue to evolve, management believes the amounts recorded related to these matters are adequate. While the outcome of these matters cannot be predicted with certainty, the Company does not believe that, when resolved, these disputes will have a material effect on its consolidated financial statements. Tax Contingencies . Tax returns filed in the U.S. for periods after 2010 and in Mexico for periods after 2008 remain open to examination by the taxing authorities. Internal Revenue Service (the “IRS”) examinations have been completed and settled for the 2011 and 2012 U.S. federal tax returns. The Servicio de Administración Tributaria (the “SAT”), the Mexican equivalent of the IRS, is currently examining the KCSM 2009 and 2010 tax returns and the 2012 and 2013 tax returns of KCSM Servicios, S.A. de C.V., a wholly-owned subsidiary of KCS. The Company is litigating a Value Added Tax (“VAT”) audit assessment from the SAT for KCSM for the year ended December 31, 2005. The Company believes it is more likely than not that it will prevail in challenging the KCSM 2005 assessment. While the outcome of this matter cannot be predicted with certainty, the Company does not believe, when resolved, that this dispute will have a material effect on its consolidated financial statements. However, an unexpected adverse resolution could have a material effect on the consolidated financial statements in a particular quarter or fiscal year. NAFTA Rail, S. de R.L. de C.V. (NAFTA), a wholly-owned subsidiary of KCS, recorded a receivable from the SAT for VAT paid by NAFTA in connection with NAFTA’s purchase of locomotives. NAFTA subsequently collected VAT in connection with leasing these locomotives, and offset the resulting VAT payable against the existing VAT receivable. The SAT issued a resolution in 2013 which denied this offset, and assessed payment. NAFTA litigated this resolution and in January 2015 a Mexican tax court issued a favorable ruling by dismissing the SAT resolution. The SAT appealed this tax court decision in February 2015. In June 2015, the SAT appeal was dismissed by the court. This court decision validates NAFTA’s ability to offset VAT payables against the existing VAT receivable. KCSM has not historically assessed VAT on international import transportation services provided to its customers based on a written ruling that KCSM obtained from the SAT in 2008 stating that such services were exempt from VAT (the “2008 Ruling”). Notwithstanding the 2008 Ruling, in December 2013, the SAT unofficially informed KCSM of an intended implementation of new criteria effective as of January 1, 2014, pursuant to which VAT would be assessed on all international import transportation services on the portion of the services provided within Mexico. Additionally, in November 2013, the SAT filed an action to nullify the 2008 Ruling, potentially exposing the application of the new criteria to open tax years. In February 2014, KCSM filed an action opposing the SAT’s nullification action. While the SAT’s unofficial communication to KCSM is not enforceable and the 2008 Ruling continues to be in effect, KCSM notified its customers in December 2013 of the potential assessment of VAT on international import transportation services; however, implementation of any VAT assessment will depend on future developments and any guidance published by the SAT. Due to the pass-through nature of VAT assessed on services provided to customers, the Company does not believe any ultimate requirement to assess VAT on international import transportation services will have a significant effect on its consolidated financial statements. However, unexpected adverse implementation criteria imposed by the SAT for open tax years could have a material effect on the consolidated financial statements of the Company in a particular quarter or fiscal year. Mexican Legislation. In January 2015, the Mexican Regulatory Railroad Service Law was published and became effective. While the Company continues to evaluate the Mexican government’s implementation of this legislation, the Company does not believe it will have a material effect on its consolidated financial statements. Contractual Agreements. In the normal course of business, the Company enters into various contractual agreements related to commercial arrangements and the use of other railroads’ or governmental entities’ infrastructure needed for the operations of the business. The Company is involved or may become involved in certain disputes involving transportation rates, product loss or damage, charges, and interpretations related to these agreements. While the outcome of these matters cannot be predicted with certainty, the Company does not believe that, when resolved, these disputes will have a material effect on its consolidated financial statements. Credit Risk. The Company continually monitors risks related to economic changes and certain customer receivables concentrations. Significant changes in customer concentration or payment terms, deterioration of customer creditworthiness or further weakening in economic trends could have a significant impact on the collectability of the Company’s receivables and its operating results. If the financial condition of the Company’s customers were to deteriorate and result in an impairment of their ability to make payments, additional allowances may be required. The Company has recorded provisions for uncollectability based on its best estimate at June 30, 2015 . Panama Canal Railway Company (“PCRC”) Guarantees and Indemnities. At June 30, 2015 , the Company had issued and outstanding $5.4 million under a standby letter of credit to fulfill its obligation to fund fifty percent of the debt service reserve and liquidity reserve established by PCRC in connection with the issuance of the 7.0% Senior Secured Notes due November 1, 2026 (the “PCRC Notes”). Additionally, KCS has pledged its shares of PCRC as security for the PCRC Notes.

Geographic Information

Geographic Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Geographic Information	Geographic Information The Company strategically manages its rail operations as one reportable business segment over a single coordinated rail network that extends from the Midwest and Southeast portions of the United States south into Mexico and connects with other Class I railroads. Financial information reported at this level, such as revenues, operating income and cash flows from operations, is used by corporate management, including the Company’s chief operating decision-maker, in evaluating overall financial and operational performance, market strategies, as well as the decisions to allocate capital resources. The Company’s strategic initiatives, which drive its operational direction, are developed and managed at the Company’s headquarters and targets are communicated to its various activity centers. The activity centers are responsible for executing the overall corporate strategy and operating plan established by corporate management as a coordinated system. The role of each region is to manage the operational activities and monitor and control costs over the coordinated rail network. The following tables provide information by geographic area (in millions) : Three Months Ended Six Months Ended June 30, June 30, Revenues 2015 2014 2015 2014 U.S. $ 287.4 $ 344.0 $ 599.3 $ 669.1 Mexico 298.4 305.7 589.6 588.0 Total revenues $ 585.8 $ 649.7 $ 1,188.9 $ 1,257.1 Property and equipment (including concession assets), net June 30, December 31, U.S. $ 4,455.4 $ 4,311.0 Mexico 2,963.7 2,843.7 Total property and equipment (including concession assets), net $ 7,419.1 $ 7,154.7

Condensed Consolidating Financi

Condensed Consolidating Financial Information	6 Months Ended
	Jun. 30, 2015
Condensed Consolidating Financial Information [Abstract]
Condensed Consolidating Financial Information	Condensed Consolidating Financial Information As of June 30, 2015 , KCSR had outstanding $450.0 million principal amount of 4.30% Senior Notes due May 15, 2043 , and $200.0 million principal amount of 3.85% Senior Notes due November 15, 2023 , which are unsecured obligations of KCSR, and are also jointly and severally and fully and unconditionally guaranteed on an unsecured senior basis by KCS and certain wholly-owned domestic subsidiaries. KCSR filed a registration statement on Form S-4 with the Securities and Exchange Commission (the “SEC”) in connection with an exchange offer with respect to the 4.30% Senior Notes and the 3.85% Senior Notes, which was declared effective on May 28, 2014 . As a result, the Company is providing the accompanying condensed consolidating financial information (in millions) pursuant to SEC Regulation S-X Rule 3-10 “Financial statements of guarantors and issuers of guaranteed securities registered or being registered.” CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Three Months Ended June 30, 2015 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 254.7 $ 10.9 $ 329.7 $ (9.5 ) $ 585.8 Operating expenses 1.8 185.3 9.4 212.0 (9.5 ) 399.0 Operating income (loss) (1.8 ) 69.4 1.5 117.7 — 186.8 Equity in net earnings of unconsolidated affiliates 107.4 0.1 1.1 4.5 (108.1 ) 5.0 Interest expense (0.1 ) (19.5 ) — (9.5 ) 11.4 (17.7 ) Foreign exchange loss — — — (10.5 ) — (10.5 ) Other income (expense), net 11.4 (1.2 ) — — (11.4 ) (1.2 ) Income before income taxes 116.9 48.8 2.6 102.2 (108.1 ) 162.4 Income tax expense 5.1 18.7 1.0 25.4 — 50.2 Net income 111.8 30.1 1.6 76.8 (108.1 ) 112.2 Less: Net income attributable to noncontrolling interest — — 0.4 — — 0.4 Net income attributable to Kansas City Southern and subsidiaries 111.8 30.1 1.2 76.8 (108.1 ) 111.8 Other comprehensive loss (0.2 ) — — (0.4 ) 0.4 (0.2 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 111.6 $ 30.1 $ 1.2 $ 76.4 $ (107.7 ) $ 111.6 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME - (Continued) Three Months Ended June 30, 2014 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 302.3 $ 12.3 $ 345.4 $ (10.3 ) $ 649.7 Operating expenses 4.2 219.3 10.1 221.1 (10.8 ) 443.9 Operating income (loss) (4.2 ) 83.0 2.2 124.3 0.5 205.8 Equity in net earnings of unconsolidated affiliates 127.0 0.3 1.1 5.5 (128.0 ) 5.9 Interest expense — (20.8 ) — (9.7 ) 12.6 (17.9 ) Foreign exchange gain — — — 5.3 — 5.3 Other income (expense), net 12.5 — — (2.3 ) (13.0 ) (2.8 ) Income before income taxes 135.3 62.5 3.3 123.1 (127.9 ) 196.3 Income tax expense 5.5 23.9 1.3 35.4 — 66.1 Net income 129.8 38.6 2.0 87.7 (127.9 ) 130.2 Less: Net income attributable to noncontrolling interest — — 0.4 — — 0.4 Net income attributable to Kansas City Southern and subsidiaries 129.8 38.6 1.6 87.7 (127.9 ) 129.8 Other comprehensive income — 0.1 — 0.1 (0.2 ) — Comprehensive income attributable to Kansas City Southern and subsidiaries $ 129.8 $ 38.7 $ 1.6 $ 87.8 $ (128.1 ) $ 129.8 Six Months Ended June 30, 2015 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 532.8 $ 20.9 $ 653.5 $ (18.3 ) $ 1,188.9 Operating expenses 3.0 382.5 18.1 438.6 (18.3 ) 823.9 Operating income (loss) (3.0 ) 150.3 2.8 214.9 — 365.0 Equity in net earnings of unconsolidated affiliates 199.2 0.3 2.3 8.5 (200.9 ) 9.4 Interest expense 0.1 (39.7 ) — (20.0 ) 23.3 (36.3 ) Foreign exchange loss — — — (22.1 ) — (22.1 ) Other income (expense), net 23.2 (1.8 ) — (0.1 ) (23.3 ) (2.0 ) Income before income taxes 219.5 109.1 5.1 181.2 (200.9 ) 314.0 Income tax expense 6.9 41.8 2.0 49.9 — 100.6 Net income 212.6 67.3 3.1 131.3 (200.9 ) 213.4 Less: Net income attributable to noncontrolling interest — — 0.8 — — 0.8 Net income attributable to Kansas City Southern and subsidiaries 212.6 67.3 2.3 131.3 (200.9 ) 212.6 Other comprehensive loss (0.6 ) — — (0.8 ) 0.8 (0.6 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 212.0 $ 67.3 $ 2.3 $ 130.5 $ (200.1 ) $ 212.0 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME - (Continued) Six Months Ended June 30, 2014 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 586.3 $ 23.7 $ 667.3 $ (20.2 ) $ 1,257.1 Operating expenses 5.1 446.2 20.0 441.3 (21.3 ) 891.3 Operating income (loss) (5.1 ) 140.1 3.7 226.0 1.1 365.8 Equity in net earnings of unconsolidated affiliates 215.5 0.6 2.1 10.5 (217.1 ) 11.6 Interest expense — (42.3 ) — (19.9 ) 25.6 (36.6 ) Debt retirement costs — (2.7 ) — (3.9 ) — (6.6 ) Foreign exchange gain — — — 8.4 — 8.4 Other income (expense), net 25.5 0.4 — (2.5 ) (26.7 ) (3.3 ) Income before income taxes 235.9 96.1 5.8 218.6 (217.1 ) 339.3 Income tax expense 12.4 36.9 2.2 63.6 — 115.1 Net income 223.5 59.2 3.6 155.0 (217.1 ) 224.2 Less: Net income attributable to noncontrolling interest — — 0.7 — — 0.7 Net income attributable to Kansas City Southern and subsidiaries 223.5 59.2 2.9 155.0 (217.1 ) 223.5 Other comprehensive income — 0.1 — 0.1 (0.2 ) — Comprehensive income attributable to Kansas City Southern and subsidiaries $ 223.5 $ 59.3 $ 2.9 $ 155.1 $ (217.3 ) $ 223.5 CONDENSED CONSOLIDATING BALANCE SHEETS June 30, 2015 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 3.0 $ 225.3 $ 5.8 $ 303.6 $ (14.2 ) $ 523.5 Investments — 3.9 — 32.7 — 36.6 Investments in consolidated subsidiaries 2,804.9 (4.9 ) 474.0 — (3,274.0 ) — Property and equipment (including concession assets), net — 3,509.7 190.1 3,719.3 — 7,419.1 Other assets 1.6 42.3 — 29.2 — 73.1 Total assets $ 2,809.5 $ 3,776.3 $ 669.9 $ 4,084.8 $ (3,288.2 ) $ 8,052.3 Liabilities and equity: Current liabilities $ (1,108.8 ) $ 1,465.5 $ 110.5 $ 248.2 $ (14.2 ) $ 701.2 Long-term debt 0.2 699.4 0.1 1,128.8 — 1,828.5 Deferred income taxes 16.7 847.5 133.6 181.6 — 1,179.4 Other liabilities 3.7 100.5 0.1 41.4 — 145.7 Stockholders’ equity 3,897.7 663.4 116.2 2,484.8 (3,274.0 ) 3,888.1 Noncontrolling interest — — 309.4 — — 309.4 Total liabilities and equity $ 2,809.5 $ 3,776.3 $ 669.9 $ 4,084.8 $ (3,288.2 ) $ 8,052.3 CONDENSED CONSOLIDATING BALANCE SHEETS - (Continued) December 31, 2014 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 2.7 $ 281.7 $ 6.0 $ 562.5 $ (34.6 ) $ 818.3 Investments — 3.9 — 32.5 — 36.4 Investments in consolidated subsidiaries 2,616.0 (4.3 ) 471.3 — (3,083.0 ) — Property and equipment (including concession assets), net — 3,385.5 193.3 3,575.9 — 7,154.7 Other assets 1.6 45.2 — 34.8 — 81.6 Total assets $ 2,620.3 $ 3,712.0 $ 670.6 $ 4,205.7 $ (3,117.6 ) $ 8,091.0 Liabilities and equity: Current liabilities $ (1,156.0 ) $ 1,484.7 $ 115.6 $ 489.1 $ (34.6 ) $ 898.8 Long-term debt 0.2 701.0 0.2 1,139.6 — 1,841.0 Deferred income taxes 7.3 835.8 132.0 181.2 — 1,156.3 Other liabilities 3.7 94.4 0.7 32.0 — 130.8 Stockholders’ equity 3,765.1 596.1 113.5 2,363.8 (3,083.0 ) 3,755.5 Noncontrolling interest — — 308.6 — — 308.6 Total liabilities and equity $ 2,620.3 $ 3,712.0 $ 670.6 $ 4,205.7 $ (3,117.6 ) $ 8,091.0 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 30, 2015 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 80.1 $ 48.1 $ 0.6 $ 278.5 $ (9.8 ) $ 397.5 Investing activities: Capital expenditures — (208.9 ) (0.9 ) (150.4 ) — (360.2 ) Purchase or replacement of equipment under operating leases — — — (61.3 ) — (61.3 ) Property investments in MSLLC — — — (3.9 ) — (3.9 ) Other investing activities (0.4 ) (2.3 ) (0.4 ) (15.8 ) 0.8 (18.1 ) Net cash used (0.4 ) (211.2 ) (1.3 ) (231.4 ) 0.8 (443.5 ) Financing activities: Proceeds from short-term borrowings — 8,409.6 — — — 8,409.6 Repayment of short-term borrowings — (8,268.6 ) — (300.0 ) — (8,568.6 ) Proceeds from issuance of long-term debt — — — 40.0 — 40.0 Repayment of long-term debt — (1.6 ) (0.1 ) (50.6 ) — (52.3 ) Dividends paid (67.5 ) — — (9.8 ) 9.8 (67.5 ) Shares repurchased (20.6 ) — — — — (20.6 ) Other financing activities 8.3 — 0.4 0.4 (0.8 ) 8.3 Net cash provided (used) (79.8 ) 139.4 0.3 (320.0 ) 9.0 (251.1 ) Cash and cash equivalents: Net decrease (0.1 ) (23.7 ) (0.4 ) (272.9 ) — (297.1 ) At beginning of year 0.2 29.0 0.5 318.3 — 348.0 At end of period $ 0.1 $ 5.3 $ 0.1 $ 45.4 $ — $ 50.9 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS - (Continued) Six Months Ended June 30, 2014 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 52.3 $ 106.9 $ 0.8 $ 242.3 $ (6.0 ) $ 396.3 Investing activities: Capital expenditures — (180.3 ) (0.7 ) (88.5 ) 1.5 (268.0 ) Purchase or replacement of equipment under operating leases — (196.1 ) — (98.2 ) — (294.3 ) Property investments in MSLLC — — — (24.8 ) — (24.8 ) Other investing activities (0.7 ) 8.5 (0.5 ) 0.5 (0.3 ) 7.5 Net cash used (0.7 ) (367.9 ) (1.2 ) (211.0 ) 1.2 (579.6 ) Financing activities: Proceeds from short-term borrowings — 5,081.5 — — — 5,081.5 Repayment of short-term borrowings — (4,761.1 ) — — — (4,761.1 ) Proceeds from issuance of long-term debt — 175.0 — — — 175.0 Repayment of long-term debt — (421.9 ) (0.1 ) (73.4 ) — (495.4 ) Dividends paid (54.8 ) — — (6.0 ) 6.0 (54.8 ) Other financing activities 2.9 (1.0 ) 0.5 (2.4 ) (1.2 ) (1.2 ) Net cash provided (used) (51.9 ) 72.5 0.4 (81.8 ) 4.8 (56.0 ) Cash and cash equivalents: Net decrease (0.3 ) (188.5 ) — (50.5 ) — (239.3 ) At beginning of year 0.4 196.1 0.2 232.8 — 429.5 At end of period $ 0.1 $ 7.6 $ 0.2 $ 182.3 $ — $ 190.2

Earnings Per Share Data (Tables

Earnings Per Share Data (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Reconciliation of Basic Earnings Per Share Computation to the Diluted Earnings Per Share Computation	The following table reconciles the basic earnings per share computation to the diluted earnings per share computation (in millions, except share and per share amounts) : Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net income available to common stockholders for purposes of computing basic and diluted earnings per share $ 111.8 $ 129.8 $ 212.5 $ 223.4 Weighted-average number of shares outstanding ( in thousands ): Basic shares 110,334 110,160 110,322 110,121 Effect of dilution 181 237 200 277 Diluted shares 110,515 110,397 110,522 110,398 Earnings per share: Basic earnings per share $ 1.01 $ 1.18 $ 1.93 $ 2.03 Diluted earnings per share $ 1.01 $ 1.18 $ 1.92 $ 2.02
Schedule of Potentially Dilutive Shares Excluded from the Calculation	Potentially dilutive shares excluded from the calculation (in thousands): Stock options excluded as their inclusion would be anti-dilutive 125 67 74 52

Property and Equipment (inclu21

Property and Equipment (including Concession Assets) (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment by Type	Property and equipment, including concession assets, and related accumulated depreciation and amortization are summarized below (in millions) : June 30, December 31, Land $ 217.8 $ 216.8 Concession land rights 141.2 141.2 Road property 6,519.1 6,294.7 Equipment 2,146.5 1,979.9 Technology and other 170.5 160.9 Construction in progress 202.6 241.5 Total property 9,397.7 9,035.0 Accumulated depreciation and amortization 1,978.6 1,880.3 Property and equipment (including concession assets), net $ 7,419.1 $ 7,154.7

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments in Consolidated Balance Sheets, Fair Value	The following table presents the fair value of derivative instruments included in the consolidated balance sheets ( in millions ): Derivative Liabilities Balance Sheet Location June 30, December 31, 2014 Derivatives not designated as hedging instruments: Foreign currency forward contracts Accounts payable and accrued liabilities $ 19.4 $ 4.3 Foreign currency zero-cost collar contracts Accounts payable and accrued liabilities 3.1 — Total derivative liabilities $ 22.5 $ 4.3
Schedule of Derivative Instruments, Gain (Loss) in Consolidated Statements of Income	The following table presents the amounts included in the consolidated statements of income (in millions) : Location of Gain/(Loss) Recognized in Income on Derivative Amount of Gain/(Loss) Recognized in Income on Derivative Three months ended Six months ended June 30, June 30, 2015 2014 2015 2014 Derivatives not designated as hedging instruments: Foreign currency forward contracts Foreign exchange gain (loss) $ (6.9 ) $ 5.5 $ (16.3 ) $ 8.7 Foreign currency zero-cost collar contracts Foreign exchange gain (loss) (2.4 ) — (3.1 ) — Total $ (9.3 ) $ 5.5 $ (19.4 ) $ 8.7

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Schedule of Stockholders' Equity	The following tables summarize the changes in equity ( in millions ): Three Months Ended June 30, 2015 Three Months Ended June 30, 2014 Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Beginning balance $ 3,829.5 $ 309.0 $ 4,138.5 $ 3,433.0 $ 306.3 $ 3,739.3 Net income 111.8 0.4 112.2 129.8 0.4 130.2 Other comprehensive loss (0.2 ) — (0.2 ) — — — Dividends on common stock (36.5 ) — (36.5 ) (30.9 ) — (30.9 ) Dividends on $25 par preferred stock — — — — — — Share repurchases (20.6 ) — (20.6 ) — — — Options exercised and stock subscribed, net of shares withheld for employee taxes (0.4 ) — (0.4 ) 0.2 — 0.2 Excess tax benefit from share-based compensation 0.8 — 0.8 0.1 — 0.1 Share-based compensation 3.7 — 3.7 2.9 — 2.9 Ending balance $ 3,888.1 $ 309.4 $ 4,197.5 $ 3,535.1 $ 306.7 $ 3,841.8 Six Months Ended June 30, 2015 Six Months Ended June 30, 2014 Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Beginning balance $ 3,755.5 $ 308.6 $ 4,064.1 $ 3,370.6 $ 306.0 $ 3,676.6 Net income 212.6 0.8 213.4 223.5 0.7 224.2 Other comprehensive loss (0.6 ) — (0.6 ) — — — Dividends on common stock (72.9 ) — (72.9 ) (61.8 ) — (61.8 ) Dividends on $25 par preferred stock (0.1 ) — (0.1 ) (0.1 ) — (0.1 ) Share repurchases (20.6 ) — (20.6 ) — — — Options exercised and stock subscribed, net of shares withheld for employee taxes 1.7 — 1.7 (4.0 ) — (4.0 ) Excess tax benefit from share-based compensation 4.4 — 4.4 2.5 — 2.5 Share-based compensation 8.1 — 8.1 4.4 — 4.4 Ending balance $ 3,888.1 $ 309.4 $ 4,197.5 $ 3,535.1 $ 306.7 $ 3,841.8
Schedule of Cash Dividends Declared per Common Share	The following table presents the amount of cash dividends declared per common share by the Company’s Board of Directors: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Cash dividends declared per common share $ 0.330 $ 0.280 $ 0.660 $ 0.560

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Personal Injury Liability Activity	The personal injury liability activity was as follows (in millions) : Six Months Ended June 30, 2015 2014 Balance at beginning of year $ 29.3 $ 31.2 Accruals 4.4 4.4 Change in estimate (3.5 ) (0.7 ) Payments (3.2 ) (3.8 ) Balance at end of period $ 27.0 $ 31.1

Geographic Information (Tables)

Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	The following tables provide information by geographic area (in millions) : Three Months Ended Six Months Ended June 30, June 30, Revenues 2015 2014 2015 2014 U.S. $ 287.4 $ 344.0 $ 599.3 $ 669.1 Mexico 298.4 305.7 589.6 588.0 Total revenues $ 585.8 $ 649.7 $ 1,188.9 $ 1,257.1 Property and equipment (including concession assets), net June 30, December 31, U.S. $ 4,455.4 $ 4,311.0 Mexico 2,963.7 2,843.7 Total property and equipment (including concession assets), net $ 7,419.1 $ 7,154.7

Condensed Consolidating Finan26

Condensed Consolidating Financial Information (Tables)	6 Months Ended
	Jun. 30, 2015
Condensed Consolidating Financial Information [Abstract]
Condensed Consolidating Statements of Comprehensive Income	CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME Three Months Ended June 30, 2015 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 254.7 $ 10.9 $ 329.7 $ (9.5 ) $ 585.8 Operating expenses 1.8 185.3 9.4 212.0 (9.5 ) 399.0 Operating income (loss) (1.8 ) 69.4 1.5 117.7 — 186.8 Equity in net earnings of unconsolidated affiliates 107.4 0.1 1.1 4.5 (108.1 ) 5.0 Interest expense (0.1 ) (19.5 ) — (9.5 ) 11.4 (17.7 ) Foreign exchange loss — — — (10.5 ) — (10.5 ) Other income (expense), net 11.4 (1.2 ) — — (11.4 ) (1.2 ) Income before income taxes 116.9 48.8 2.6 102.2 (108.1 ) 162.4 Income tax expense 5.1 18.7 1.0 25.4 — 50.2 Net income 111.8 30.1 1.6 76.8 (108.1 ) 112.2 Less: Net income attributable to noncontrolling interest — — 0.4 — — 0.4 Net income attributable to Kansas City Southern and subsidiaries 111.8 30.1 1.2 76.8 (108.1 ) 111.8 Other comprehensive loss (0.2 ) — — (0.4 ) 0.4 (0.2 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 111.6 $ 30.1 $ 1.2 $ 76.4 $ (107.7 ) $ 111.6 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME - (Continued) Three Months Ended June 30, 2014 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 302.3 $ 12.3 $ 345.4 $ (10.3 ) $ 649.7 Operating expenses 4.2 219.3 10.1 221.1 (10.8 ) 443.9 Operating income (loss) (4.2 ) 83.0 2.2 124.3 0.5 205.8 Equity in net earnings of unconsolidated affiliates 127.0 0.3 1.1 5.5 (128.0 ) 5.9 Interest expense — (20.8 ) — (9.7 ) 12.6 (17.9 ) Foreign exchange gain — — — 5.3 — 5.3 Other income (expense), net 12.5 — — (2.3 ) (13.0 ) (2.8 ) Income before income taxes 135.3 62.5 3.3 123.1 (127.9 ) 196.3 Income tax expense 5.5 23.9 1.3 35.4 — 66.1 Net income 129.8 38.6 2.0 87.7 (127.9 ) 130.2 Less: Net income attributable to noncontrolling interest — — 0.4 — — 0.4 Net income attributable to Kansas City Southern and subsidiaries 129.8 38.6 1.6 87.7 (127.9 ) 129.8 Other comprehensive income — 0.1 — 0.1 (0.2 ) — Comprehensive income attributable to Kansas City Southern and subsidiaries $ 129.8 $ 38.7 $ 1.6 $ 87.8 $ (128.1 ) $ 129.8 Six Months Ended June 30, 2015 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 532.8 $ 20.9 $ 653.5 $ (18.3 ) $ 1,188.9 Operating expenses 3.0 382.5 18.1 438.6 (18.3 ) 823.9 Operating income (loss) (3.0 ) 150.3 2.8 214.9 — 365.0 Equity in net earnings of unconsolidated affiliates 199.2 0.3 2.3 8.5 (200.9 ) 9.4 Interest expense 0.1 (39.7 ) — (20.0 ) 23.3 (36.3 ) Foreign exchange loss — — — (22.1 ) — (22.1 ) Other income (expense), net 23.2 (1.8 ) — (0.1 ) (23.3 ) (2.0 ) Income before income taxes 219.5 109.1 5.1 181.2 (200.9 ) 314.0 Income tax expense 6.9 41.8 2.0 49.9 — 100.6 Net income 212.6 67.3 3.1 131.3 (200.9 ) 213.4 Less: Net income attributable to noncontrolling interest — — 0.8 — — 0.8 Net income attributable to Kansas City Southern and subsidiaries 212.6 67.3 2.3 131.3 (200.9 ) 212.6 Other comprehensive loss (0.6 ) — — (0.8 ) 0.8 (0.6 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 212.0 $ 67.3 $ 2.3 $ 130.5 $ (200.1 ) $ 212.0 CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME - (Continued) Six Months Ended June 30, 2014 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 586.3 $ 23.7 $ 667.3 $ (20.2 ) $ 1,257.1 Operating expenses 5.1 446.2 20.0 441.3 (21.3 ) 891.3 Operating income (loss) (5.1 ) 140.1 3.7 226.0 1.1 365.8 Equity in net earnings of unconsolidated affiliates 215.5 0.6 2.1 10.5 (217.1 ) 11.6 Interest expense — (42.3 ) — (19.9 ) 25.6 (36.6 ) Debt retirement costs — (2.7 ) — (3.9 ) — (6.6 ) Foreign exchange gain — — — 8.4 — 8.4 Other income (expense), net 25.5 0.4 — (2.5 ) (26.7 ) (3.3 ) Income before income taxes 235.9 96.1 5.8 218.6 (217.1 ) 339.3 Income tax expense 12.4 36.9 2.2 63.6 — 115.1 Net income 223.5 59.2 3.6 155.0 (217.1 ) 224.2 Less: Net income attributable to noncontrolling interest — — 0.7 — — 0.7 Net income attributable to Kansas City Southern and subsidiaries 223.5 59.2 2.9 155.0 (217.1 ) 223.5 Other comprehensive income — 0.1 — 0.1 (0.2 ) — Comprehensive income attributable to Kansas City Southern and subsidiaries $ 223.5 $ 59.3 $ 2.9 $ 155.1 $ (217.3 ) $ 223.5
Condensed Consolidating Balance Sheets	CONDENSED CONSOLIDATING BALANCE SHEETS June 30, 2015 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 3.0 $ 225.3 $ 5.8 $ 303.6 $ (14.2 ) $ 523.5 Investments — 3.9 — 32.7 — 36.6 Investments in consolidated subsidiaries 2,804.9 (4.9 ) 474.0 — (3,274.0 ) — Property and equipment (including concession assets), net — 3,509.7 190.1 3,719.3 — 7,419.1 Other assets 1.6 42.3 — 29.2 — 73.1 Total assets $ 2,809.5 $ 3,776.3 $ 669.9 $ 4,084.8 $ (3,288.2 ) $ 8,052.3 Liabilities and equity: Current liabilities $ (1,108.8 ) $ 1,465.5 $ 110.5 $ 248.2 $ (14.2 ) $ 701.2 Long-term debt 0.2 699.4 0.1 1,128.8 — 1,828.5 Deferred income taxes 16.7 847.5 133.6 181.6 — 1,179.4 Other liabilities 3.7 100.5 0.1 41.4 — 145.7 Stockholders’ equity 3,897.7 663.4 116.2 2,484.8 (3,274.0 ) 3,888.1 Noncontrolling interest — — 309.4 — — 309.4 Total liabilities and equity $ 2,809.5 $ 3,776.3 $ 669.9 $ 4,084.8 $ (3,288.2 ) $ 8,052.3 CONDENSED CONSOLIDATING BALANCE SHEETS - (Continued) December 31, 2014 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 2.7 $ 281.7 $ 6.0 $ 562.5 $ (34.6 ) $ 818.3 Investments — 3.9 — 32.5 — 36.4 Investments in consolidated subsidiaries 2,616.0 (4.3 ) 471.3 — (3,083.0 ) — Property and equipment (including concession assets), net — 3,385.5 193.3 3,575.9 — 7,154.7 Other assets 1.6 45.2 — 34.8 — 81.6 Total assets $ 2,620.3 $ 3,712.0 $ 670.6 $ 4,205.7 $ (3,117.6 ) $ 8,091.0 Liabilities and equity: Current liabilities $ (1,156.0 ) $ 1,484.7 $ 115.6 $ 489.1 $ (34.6 ) $ 898.8 Long-term debt 0.2 701.0 0.2 1,139.6 — 1,841.0 Deferred income taxes 7.3 835.8 132.0 181.2 — 1,156.3 Other liabilities 3.7 94.4 0.7 32.0 — 130.8 Stockholders’ equity 3,765.1 596.1 113.5 2,363.8 (3,083.0 ) 3,755.5 Noncontrolling interest — — 308.6 — — 308.6 Total liabilities and equity $ 2,620.3 $ 3,712.0 $ 670.6 $ 4,205.7 $ (3,117.6 ) $ 8,091.0
Condensed Consolidating Statements of Cash Flows	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS Six Months Ended June 30, 2015 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 80.1 $ 48.1 $ 0.6 $ 278.5 $ (9.8 ) $ 397.5 Investing activities: Capital expenditures — (208.9 ) (0.9 ) (150.4 ) — (360.2 ) Purchase or replacement of equipment under operating leases — — — (61.3 ) — (61.3 ) Property investments in MSLLC — — — (3.9 ) — (3.9 ) Other investing activities (0.4 ) (2.3 ) (0.4 ) (15.8 ) 0.8 (18.1 ) Net cash used (0.4 ) (211.2 ) (1.3 ) (231.4 ) 0.8 (443.5 ) Financing activities: Proceeds from short-term borrowings — 8,409.6 — — — 8,409.6 Repayment of short-term borrowings — (8,268.6 ) — (300.0 ) — (8,568.6 ) Proceeds from issuance of long-term debt — — — 40.0 — 40.0 Repayment of long-term debt — (1.6 ) (0.1 ) (50.6 ) — (52.3 ) Dividends paid (67.5 ) — — (9.8 ) 9.8 (67.5 ) Shares repurchased (20.6 ) — — — — (20.6 ) Other financing activities 8.3 — 0.4 0.4 (0.8 ) 8.3 Net cash provided (used) (79.8 ) 139.4 0.3 (320.0 ) 9.0 (251.1 ) Cash and cash equivalents: Net decrease (0.1 ) (23.7 ) (0.4 ) (272.9 ) — (297.1 ) At beginning of year 0.2 29.0 0.5 318.3 — 348.0 At end of period $ 0.1 $ 5.3 $ 0.1 $ 45.4 $ — $ 50.9 CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS - (Continued) Six Months Ended June 30, 2014 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 52.3 $ 106.9 $ 0.8 $ 242.3 $ (6.0 ) $ 396.3 Investing activities: Capital expenditures — (180.3 ) (0.7 ) (88.5 ) 1.5 (268.0 ) Purchase or replacement of equipment under operating leases — (196.1 ) — (98.2 ) — (294.3 ) Property investments in MSLLC — — — (24.8 ) — (24.8 ) Other investing activities (0.7 ) 8.5 (0.5 ) 0.5 (0.3 ) 7.5 Net cash used (0.7 ) (367.9 ) (1.2 ) (211.0 ) 1.2 (579.6 ) Financing activities: Proceeds from short-term borrowings — 5,081.5 — — — 5,081.5 Repayment of short-term borrowings — (4,761.1 ) — — — (4,761.1 ) Proceeds from issuance of long-term debt — 175.0 — — — 175.0 Repayment of long-term debt — (421.9 ) (0.1 ) (73.4 ) — (495.4 ) Dividends paid (54.8 ) — — (6.0 ) 6.0 (54.8 ) Other financing activities 2.9 (1.0 ) 0.5 (2.4 ) (1.2 ) (1.2 ) Net cash provided (used) (51.9 ) 72.5 0.4 (81.8 ) 4.8 (56.0 ) Cash and cash equivalents: Net decrease (0.3 ) (188.5 ) — (50.5 ) — (239.3 ) At beginning of year 0.4 196.1 0.2 232.8 — 429.5 At end of period $ 0.1 $ 7.6 $ 0.2 $ 182.3 $ — $ 190.2

Earnings Per Share Data (Detail

Earnings Per Share Data (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share Reconciliation [Abstract]
Net income available to common stockholders for purposes of computing basic earnings per share	$ 111.8	$ 129.8	$ 212.5	$ 223.4
Net income available to common stockholders for purposes of computing diluted earnings per share	$ 111.8	$ 129.8	$ 212.5	$ 223.4
Weighted-Average Number of Shares Outstanding Reconciliation [Abstract]
Basic shares	110,334	110,160	110,322	110,121
Effect of dilution	181	237	200	277
Diluted shares	110,515	110,397	110,522	110,398
Earnings Per Share [Abstract]
Basic earnings per share	$ 1.01	$ 1.18	$ 1.93	$ 2.03
Diluted earnings per share	$ 1.01	$ 1.18	$ 1.92	$ 2.02
Stock Options [Member]
Potentially Dilutive Shares Excluded from the Calculation [Abstract]
Stock options excluded as their inclusion would be anti-dilutive	125	67	74	52

Lease Termination Costs (Detail

Lease Termination Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Lease Termination Costs [Line Items]
Lease termination costs included in operating expenses	$ 0	$ 8.4	$ 9.6	$ 38.3
Equipment under operating leases [Member]
Lease Termination Costs [Line Items]
Property, plant and equipment additions			$ 61.3	$ 297.3

Property and Equipment (Inclu29

Property and Equipment (Including Concession Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	$ 9,397.7	$ 9,035
Accumulated depreciation and amortization	1,978.6	1,880.3
Property and equipment (including concession assets), net	7,419.1	7,154.7
Accumulated amortization	501.4	483.1
Concession assets, net of accumulated amortization	2,010.7	2,007.6
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	217.8	216.8
Concession land rights [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	141.2	141.2
Road property [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	6,519.1	6,294.7
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	2,146.5	1,979.9
Technology and other [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	170.5	160.9
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	$ 202.6	$ 241.5

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of Company's debt	$ 1,853.7	$ 1,865.8
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of Company's debt	1,838.7	1,884.1
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of foreign currency derivative instrument liabilities	$ 22.5	$ 4.3

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) MXN in Millions, $ in Millions	1 Months Ended		3 Months Ended	6 Months Ended
	Jan. 31, 2015MXNMXN / $	Dec. 31, 2014MXNMXN / $	Mar. 31, 2015MXNMXN / $	Jun. 30, 2015USD ($)MXN / $	Mar. 31, 2015USD ($)MXN / $	Jan. 31, 2015USD ($)MXN / $	Dec. 31, 2014USD ($)MXN / $
Not Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member]
Derivative [Line Items]
Aggregate notional amount of foreign currency contracts		MXN 4,364.7	MXN 4,480.4		$ 300		$ 300
Maturity date of foreign currency contracts		Jan. 15, 2015	Jan. 15, 2016
Weighted-average exchange rate of foreign currency forward contracts (in Ps. per USD)		14.55	14.93		14.93		14.55
Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Call Option [Member]
Derivative [Line Items]
Weighted-average rate of foreign currency zero-cost collar contracts (in Ps. per USD)				15.79
Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Put Option [Member]
Derivative [Line Items]
Weighted-average rate of foreign currency zero-cost collar contracts (in Ps. per USD)				15.16
Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Zero Cost Collar Contracts September 2015 Maturity [Member]
Derivative [Line Items]
Aggregate notional amount of foreign currency contracts | $				$ 50
Maturity date of foreign currency contracts				Sep. 28, 2015
Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Zero Cost Collar Contracts January 2016 maturity [Member]
Derivative [Line Items]
Aggregate notional amount of foreign currency contracts | $				$ 80
Maturity date of foreign currency contracts				Jan. 15, 2016
Offsetting Derivative Instrument [Member] | Foreign Currency Forward Contracts [Member]
Derivative [Line Items]
Aggregate notional amount of foreign currency contracts	MXN 4,364.7					$ 298.8
Maturity date of foreign currency contracts	Jan. 15, 2015
Weighted-average exchange rate of foreign currency forward contracts (in Ps. per USD)	14.61					14.61

Derivative Instruments Fair Val

Derivative Instruments Fair Value of Derivative Instruments (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	$ 22.5	$ 4.3
Foreign Currency Forward Contracts [Member] | Accounts Payable and Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	19.4	4.3
Foreign Currency Zero-Cost Collar Contracts [Member] | Accounts Payable and Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	$ 3.1	$ 0

Derivative Instruments Derivati

Derivative Instruments Derivative Instruments Affecting the Consolidated Statements of Income (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	$ (9.3)	$ 5.5	$ (19.4)	$ 8.7
Foreign Currency Forward Contracts [Member] | Foreign Exchange Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	(6.9)	5.5	(16.3)	8.7
Foreign Currency Zero-Cost Collar Contracts [Member] | Foreign Exchange Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	$ (2.4)	$ 0	$ (3.1)	$ 0

Short-Term Borrowings (Details)

Short-Term Borrowings (Details) - USD ($) $ in Millions	Dec. 15, 2014	Oct. 22, 2014	Mar. 31, 2015	Jun. 30, 2015
Commercial Paper [Member] | KCSR [Member]
Short-Term Borrowings [Line Items]
Amount of commercial paper outstanding				$ 291.9
Weighted-average interest rate of borrowings				0.72%
Commercial Paper [Member] | KCSM [Member]
Short-Term Borrowings [Line Items]
Amount of commercial paper outstanding				$ 0
Loans Payable [Member] | KCSII [Member] | KCSII Credit Agreement [Member]
Short-Term Borrowings [Line Items]
Weighted-average interest rate of borrowings			1.49%
Maximum aggregate principal amount available under credit agreement		$ 300
KCSII Credit Agreement loans term to maturity		90 days
Proceeds from issuance of debt	$ 200	$ 100
Principal amount of debt repaid			$ 300

Equity (Details)

Equity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 4,138.5	$ 3,739.3	$ 4,064.1	$ 3,676.6
Net income	112.2	130.2	213.4	224.2
Other comprehensive loss	(0.2)	0	(0.6)	0
Dividends on common stock	(36.5)	(30.9)	(72.9)	(61.8)
Share repurchases	(20.6)	0	(20.6)	0
Options exercised and stock subscribed, net of shares withheld for employee taxes	(0.4)	0.2	1.7	(4)
Excess tax benefit from share-based compensation	0.8	0.1	4.4	2.5
Share-based compensation	3.7	2.9	8.1	4.4
Ending balance	4,197.5	3,841.8	4,197.5	3,841.8
$25 Par Preferred Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on $25 par preferred stock	0	0	(0.1)	(0.1)
Kansas City Southern Stockholders' Equity [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	3,829.5	3,433	3,755.5	3,370.6
Net income	111.8	129.8	212.6	223.5
Other comprehensive loss	(0.2)	0	(0.6)	0
Dividends on common stock	(36.5)	(30.9)	(72.9)	(61.8)
Share repurchases	(20.6)	0	(20.6)	0
Options exercised and stock subscribed, net of shares withheld for employee taxes	(0.4)	0.2	1.7	(4)
Excess tax benefit from share-based compensation	0.8	0.1	4.4	2.5
Share-based compensation	3.7	2.9	8.1	4.4
Ending balance	3,888.1	3,535.1	3,888.1	3,535.1
Kansas City Southern Stockholders' Equity [Member] | $25 Par Preferred Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on $25 par preferred stock	0	0	(0.1)	(0.1)
Noncontrolling Interest [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	309	306.3	308.6	306
Net income	0.4	0.4	0.8	0.7
Ending balance	$ 309.4	$ 306.7	$ 309.4	$ 306.7

Equity (Parenthetical) (Details

Equity (Parenthetical) (Details) - $ / shares	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
$25 Par Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Par Value	$ 25	$ 25	$ 25

Equity Share Repurchase Program

Equity Share Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	May. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Equity [Abstract]
Maximum amount of share repurchase program	$ 500
Expiration date of share repurchase program	Jun. 30, 2017
Shares repurchased (shares)		222,131
Shares repurchased		$ 20.6	$ 0	$ 20.6	$ 0
Average price of shares repurchased		$ 92.71

Equity Cash Dividends on Common

Equity Cash Dividends on Common Stock (Details) - USD ($) $ / shares in Units, $ in Millions	May. 08, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Class of Stock [Line Items]
Cash dividends declared per common share	$ 0.330	$ 0.330	$ 0.280	$ 0.660	$ 0.560
Aggregate amount of dividends declared		$ 36.5	$ 30.9	$ 72.9	$ 61.8

Commitments and Contingencies39

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Financial Guarantee [Member]
Loss Contingencies [Line Items]
Letter of credit outstanding, amount	$ 5.4		$ 5.4
Percent guarantee of unconsolidated affiliate debt	50.00%		50.00%
KCSM [Member]
Loss Contingencies [Line Items]
Total period of time for payments due under railroad Concession to Mexican government			50 years
Percentage of gross revenue payable under railroad Concession to Mexican government			1.25%
KCSM [Member] | Materials and Other Expense [Member]
Loss Contingencies [Line Items]
Concession duty expense	$ 3.9	$ 4	$ 7.7	$ 7.6
Panama Canal Railway Company [Member] | Financial Guarantee [Member] | 7.0% Senior Secured Notes due November 1, 2026 [Member]
Loss Contingencies [Line Items]
Debt instrument, stated interest rate	7.00%		7.00%
Debt instrument, maturity date			Nov. 1, 2026

Commitments and Contingencies P

Commitments and Contingencies Personal Injury Liability Activity (Details) - Personal Injury [Member] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Personal Injury Liability Activity [Roll Forward]
Balance at beginning of year	$ 29.3	$ 31.2
Accruals	4.4	4.4
Change in estimate	(3.5)	(0.7)
Payments	(3.2)	(3.8)
Balance at end of period	$ 27	$ 31.1

Geographic Information (Informa

Geographic Information (Information by Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 585.8	$ 649.7	$ 1,188.9	$ 1,257.1
Property and equipment (including concession assets), net	7,419.1		7,419.1		$ 7,154.7
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	287.4	344	599.3	669.1
Property and equipment (including concession assets), net	4,455.4		4,455.4		4,311
MEXICO
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	298.4	$ 305.7	589.6	$ 588
Property and equipment (including concession assets), net	$ 2,963.7		$ 2,963.7		$ 2,843.7

Condensed Consolidating Finan42

Condensed Consolidating Financial Information (Narrative) (Details) - Jun. 30, 2015 - KCSR [Member] - Senior Notes [Member] - USD ($) $ in Millions	Total
4.30% Senior Notes, Due May 15, 2043 [Member]
Condensed Financial Statements, Captions [Line Items]
Outstanding principal amount of the Senior Notes	$ 450
Stated interest rate on Senior Notes	4.30%
Maturity date on Senior Notes	May 15, 2043
3.85% Senior Notes, Due November 15, 2023 [Member]
Condensed Financial Statements, Captions [Line Items]
Outstanding principal amount of the Senior Notes	$ 200
Stated interest rate on Senior Notes	3.85%
Maturity date on Senior Notes	Nov. 15, 2023

Condensed Consolidating Stateme

Condensed Consolidating Statements of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed Statements of Comprehensive Income Captions [Line Items]
Revenues	$ 585.8	$ 649.7	$ 1,188.9	$ 1,257.1
Operating expenses	399	443.9	823.9	891.3
Operating income	186.8	205.8	365	365.8
Equity in net earnings of unconsolidated affiliates	5	5.9	9.4	11.6
Interest expense	(17.7)	(17.9)	(36.3)	(36.6)
Debt retirement costs	0	0	0	(6.6)
Foreign exchange gain (loss)	(10.5)	5.3	(22.1)	8.4
Other income (expense), net	(1.2)	(2.8)	(2)	(3.3)
Income before income taxes	162.4	196.3	314	339.3
Income tax expense	50.2	66.1	100.6	115.1
Net income	112.2	130.2	213.4	224.2
Less: Net income attributable to noncontrolling interest	0.4	0.4	0.8	0.7
Net income attributable to Kansas City Southern and subsidiaries	111.8	129.8	212.6	223.5
Other comprehensive income (loss)	(0.2)	0	(0.6)	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	111.6	129.8	212	223.5
Parent [Member]
Condensed Statements of Comprehensive Income Captions [Line Items]
Revenues	0	0	0	0
Operating expenses	1.8	4.2	3	5.1
Operating income	(1.8)	(4.2)	(3)	(5.1)
Equity in net earnings of unconsolidated affiliates	107.4	127	199.2	215.5
Interest expense	(0.1)	0	0.1	0
Debt retirement costs				0
Foreign exchange gain (loss)	0	0	0	0
Other income (expense), net	11.4	12.5	23.2	25.5
Income before income taxes	116.9	135.3	219.5	235.9
Income tax expense	5.1	5.5	6.9	12.4
Net income	111.8	129.8	212.6	223.5
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kansas City Southern and subsidiaries	111.8	129.8	212.6	223.5
Other comprehensive income (loss)	(0.2)	0	(0.6)	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	111.6	129.8	212	223.5
KCSR [Member]
Condensed Statements of Comprehensive Income Captions [Line Items]
Revenues	254.7	302.3	532.8	586.3
Operating expenses	185.3	219.3	382.5	446.2
Operating income	69.4	83	150.3	140.1
Equity in net earnings of unconsolidated affiliates	0.1	0.3	0.3	0.6
Interest expense	(19.5)	(20.8)	(39.7)	(42.3)
Debt retirement costs				(2.7)
Foreign exchange gain (loss)	0	0	0	0
Other income (expense), net	(1.2)	0	(1.8)	0.4
Income before income taxes	48.8	62.5	109.1	96.1
Income tax expense	18.7	23.9	41.8	36.9
Net income	30.1	38.6	67.3	59.2
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kansas City Southern and subsidiaries	30.1	38.6	67.3	59.2
Other comprehensive income (loss)	0	0.1	0	0.1
Comprehensive income attributable to Kansas City Southern and subsidiaries	30.1	38.7	67.3	59.3
Guarantor Subsidiaries [Member]
Condensed Statements of Comprehensive Income Captions [Line Items]
Revenues	10.9	12.3	20.9	23.7
Operating expenses	9.4	10.1	18.1	20
Operating income	1.5	2.2	2.8	3.7
Equity in net earnings of unconsolidated affiliates	1.1	1.1	2.3	2.1
Interest expense	0	0	0	0
Debt retirement costs				0
Foreign exchange gain (loss)	0	0	0	0
Other income (expense), net	0	0	0	0
Income before income taxes	2.6	3.3	5.1	5.8
Income tax expense	1	1.3	2	2.2
Net income	1.6	2	3.1	3.6
Less: Net income attributable to noncontrolling interest	0.4	0.4	0.8	0.7
Net income attributable to Kansas City Southern and subsidiaries	1.2	1.6	2.3	2.9
Other comprehensive income (loss)	0	0	0	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	1.2	1.6	2.3	2.9
Non-Guarantor Subsidiaries [Member]
Condensed Statements of Comprehensive Income Captions [Line Items]
Revenues	329.7	345.4	653.5	667.3
Operating expenses	212	221.1	438.6	441.3
Operating income	117.7	124.3	214.9	226
Equity in net earnings of unconsolidated affiliates	4.5	5.5	8.5	10.5
Interest expense	(9.5)	(9.7)	(20)	(19.9)
Debt retirement costs				(3.9)
Foreign exchange gain (loss)	(10.5)	5.3	(22.1)	8.4
Other income (expense), net	0	(2.3)	(0.1)	(2.5)
Income before income taxes	102.2	123.1	181.2	218.6
Income tax expense	25.4	35.4	49.9	63.6
Net income	76.8	87.7	131.3	155
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kansas City Southern and subsidiaries	76.8	87.7	131.3	155
Other comprehensive income (loss)	(0.4)	0.1	(0.8)	0.1
Comprehensive income attributable to Kansas City Southern and subsidiaries	76.4	87.8	130.5	155.1
Consolidating Adjustments [Member]
Condensed Statements of Comprehensive Income Captions [Line Items]
Revenues	(9.5)	(10.3)	(18.3)	(20.2)
Operating expenses	(9.5)	(10.8)	(18.3)	(21.3)
Operating income	0	0.5	0	1.1
Equity in net earnings of unconsolidated affiliates	(108.1)	(128)	(200.9)	(217.1)
Interest expense	11.4	12.6	23.3	25.6
Debt retirement costs				0
Foreign exchange gain (loss)	0	0	0	0
Other income (expense), net	(11.4)	(13)	(23.3)	(26.7)
Income before income taxes	(108.1)	(127.9)	(200.9)	(217.1)
Income tax expense	0	0	0	0
Net income	(108.1)	(127.9)	(200.9)	(217.1)
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kansas City Southern and subsidiaries	(108.1)	(127.9)	(200.9)	(217.1)
Other comprehensive income (loss)	0.4	(0.2)	0.8	(0.2)
Comprehensive income attributable to Kansas City Southern and subsidiaries	$ (107.7)	$ (128.1)	$ (200.1)	$ (217.3)

Condensed Consolidating Balance

Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Assets:
Current assets	$ 523.5	$ 818.3
Investments	36.6	36.4
Investments in consolidated subsidiaries	0	0
Property and equipment (including concession assets), net	7,419.1	7,154.7
Other assets	73.1	81.6
Total assets	8,052.3	8,091
Liabilities and equity:
Current liabilities	701.2	898.8
Long-term debt	1,828.5	1,841
Deferred income taxes	1,179.4	1,156.3
Other liabilities	145.7	130.8
Stockholders' equity	3,888.1	3,755.5
Noncontrolling interest	309.4	308.6
Total liabilities and equity	8,052.3	8,091
Parent [Member]
Assets:
Current assets	3	2.7
Investments	0	0
Investments in consolidated subsidiaries	2,804.9	2,616
Property and equipment (including concession assets), net	0	0
Other assets	1.6	1.6
Total assets	2,809.5	2,620.3
Liabilities and equity:
Current liabilities	(1,108.8)	(1,156)
Long-term debt	0.2	0.2
Deferred income taxes	16.7	7.3
Other liabilities	3.7	3.7
Stockholders' equity	3,897.7	3,765.1
Noncontrolling interest	0	0
Total liabilities and equity	2,809.5	2,620.3
KCSR [Member]
Assets:
Current assets	225.3	281.7
Investments	3.9	3.9
Investments in consolidated subsidiaries	(4.9)	(4.3)
Property and equipment (including concession assets), net	3,509.7	3,385.5
Other assets	42.3	45.2
Total assets	3,776.3	3,712
Liabilities and equity:
Current liabilities	1,465.5	1,484.7
Long-term debt	699.4	701
Deferred income taxes	847.5	835.8
Other liabilities	100.5	94.4
Stockholders' equity	663.4	596.1
Noncontrolling interest	0	0
Total liabilities and equity	3,776.3	3,712
Guarantor Subsidiaries [Member]
Assets:
Current assets	5.8	6
Investments	0	0
Investments in consolidated subsidiaries	474	471.3
Property and equipment (including concession assets), net	190.1	193.3
Other assets	0	0
Total assets	669.9	670.6
Liabilities and equity:
Current liabilities	110.5	115.6
Long-term debt	0.1	0.2
Deferred income taxes	133.6	132
Other liabilities	0.1	0.7
Stockholders' equity	116.2	113.5
Noncontrolling interest	309.4	308.6
Total liabilities and equity	669.9	670.6
Non-Guarantor Subsidiaries [Member]
Assets:
Current assets	303.6	562.5
Investments	32.7	32.5
Investments in consolidated subsidiaries	0	0
Property and equipment (including concession assets), net	3,719.3	3,575.9
Other assets	29.2	34.8
Total assets	4,084.8	4,205.7
Liabilities and equity:
Current liabilities	248.2	489.1
Long-term debt	1,128.8	1,139.6
Deferred income taxes	181.6	181.2
Other liabilities	41.4	32
Stockholders' equity	2,484.8	2,363.8
Noncontrolling interest	0	0
Total liabilities and equity	4,084.8	4,205.7
Consolidating Adjustments [Member]
Assets:
Current assets	(14.2)	(34.6)
Investments	0	0
Investments in consolidated subsidiaries	(3,274)	(3,083)
Property and equipment (including concession assets), net	0	0
Other assets	0	0
Total assets	(3,288.2)	(3,117.6)
Liabilities and equity:
Current liabilities	(14.2)	(34.6)
Long-term debt	0	0
Deferred income taxes	0	0
Other liabilities	0	0
Stockholders' equity	(3,274)	(3,083)
Noncontrolling interest	0	0
Total liabilities and equity	$ (3,288.2)	$ (3,117.6)

Condensed Consolidating State45

Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities:
Net cash provided	$ 397.5	$ 396.3
Investing activities:
Capital expenditures	(360.2)	(268)
Purchase or replacement of equipment under operating leases	(61.3)	(294.3)
Property investments in MSLLC	(3.9)	(24.8)
Other investing activities	(18.1)	7.5
Net cash used for investing activities	(443.5)	(579.6)
Financing activities:
Proceeds from short-term borrowings	8,409.6	5,081.5
Repayment of short-term borrowings	(8,568.6)	(4,761.1)
Proceeds from issuance of long-term debt	40	175
Repayment of long-term debt	(52.3)	(495.4)
Dividends paid	(67.5)	(54.8)
Shares repurchased	(20.6)	0
Other financing activities	8.3	(1.2)
Net cash used for financing activities	(251.1)	(56)
Cash and cash equivalents:
Net decrease during each period	(297.1)	(239.3)
At beginning of year	348	429.5
At end of period	50.9	190.2
Parent [Member]
Operating activities:
Net cash provided	80.1	52.3
Investing activities:
Capital expenditures	0	0
Purchase or replacement of equipment under operating leases	0	0
Property investments in MSLLC	0	0
Other investing activities	(0.4)	(0.7)
Net cash used for investing activities	(0.4)	(0.7)
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	0	0
Proceeds from issuance of long-term debt	0	0
Repayment of long-term debt	0	0
Dividends paid	(67.5)	(54.8)
Shares repurchased	(20.6)
Other financing activities	8.3	2.9
Net cash used for financing activities	(79.8)	(51.9)
Cash and cash equivalents:
Net decrease during each period	(0.1)	(0.3)
At beginning of year	0.2	0.4
At end of period	0.1	0.1
KCSR [Member]
Operating activities:
Net cash provided	48.1	106.9
Investing activities:
Capital expenditures	(208.9)	(180.3)
Purchase or replacement of equipment under operating leases	0	(196.1)
Property investments in MSLLC	0	0
Other investing activities	(2.3)	8.5
Net cash used for investing activities	(211.2)	(367.9)
Financing activities:
Proceeds from short-term borrowings	8,409.6	5,081.5
Repayment of short-term borrowings	(8,268.6)	(4,761.1)
Proceeds from issuance of long-term debt	0	175
Repayment of long-term debt	(1.6)	(421.9)
Dividends paid	0	0
Shares repurchased	0
Other financing activities	0	(1)
Net cash used for financing activities	139.4	72.5
Cash and cash equivalents:
Net decrease during each period	(23.7)	(188.5)
At beginning of year	29	196.1
At end of period	5.3	7.6
Guarantor Subsidiaries [Member]
Operating activities:
Net cash provided	0.6	0.8
Investing activities:
Capital expenditures	(0.9)	(0.7)
Purchase or replacement of equipment under operating leases	0	0
Property investments in MSLLC	0	0
Other investing activities	(0.4)	(0.5)
Net cash used for investing activities	(1.3)	(1.2)
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	0	0
Proceeds from issuance of long-term debt	0	0
Repayment of long-term debt	(0.1)	(0.1)
Dividends paid	0	0
Shares repurchased	0
Other financing activities	0.4	0.5
Net cash used for financing activities	0.3	0.4
Cash and cash equivalents:
Net decrease during each period	(0.4)	0
At beginning of year	0.5	0.2
At end of period	0.1	0.2
Non-Guarantor Subsidiaries [Member]
Operating activities:
Net cash provided	278.5	242.3
Investing activities:
Capital expenditures	(150.4)	(88.5)
Purchase or replacement of equipment under operating leases	(61.3)	(98.2)
Property investments in MSLLC	(3.9)	(24.8)
Other investing activities	(15.8)	0.5
Net cash used for investing activities	(231.4)	(211)
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	(300)	0
Proceeds from issuance of long-term debt	40	0
Repayment of long-term debt	(50.6)	(73.4)
Dividends paid	(9.8)	(6)
Shares repurchased	0
Other financing activities	0.4	(2.4)
Net cash used for financing activities	(320)	(81.8)
Cash and cash equivalents:
Net decrease during each period	(272.9)	(50.5)
At beginning of year	318.3	232.8
At end of period	45.4	182.3
Consolidating Adjustments [Member]
Operating activities:
Net cash provided	(9.8)	(6)
Investing activities:
Capital expenditures	0	1.5
Purchase or replacement of equipment under operating leases	0	0
Property investments in MSLLC	0	0
Other investing activities	0.8	(0.3)
Net cash used for investing activities	0.8	1.2
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	0	0
Proceeds from issuance of long-term debt	0	0
Repayment of long-term debt	0	0
Dividends paid	9.8	6
Shares repurchased	0
Other financing activities	(0.8)	(1.2)
Net cash used for financing activities	9	4.8
Cash and cash equivalents:
Net decrease during each period	0	0
At beginning of year	0	0
At end of period	$ 0	$ 0