Kansas City Southern (KSU) 10-Q 19 Jul 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 12, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
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		107,983,492

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues	$ 568.5	$ 585.8	$ 1,131.2	$ 1,188.9
Operating expenses:
Compensation and benefits	109	108	219.1	225.6
Purchased services	53.7	57	104.6	115.1
Fuel	61.6	77.5	118.4	158.5
Mexican fuel excise tax credit	(34)	0	(34)	0
Equipment costs	27.2	29.9	53.9	59
Depreciation and amortization	75.7	70.8	150	139.3
Materials and other	55.4	55.8	111.4	116.8
Lease termination costs	0	0	0	9.6
Total operating expenses	348.6	399	723.4	823.9
Operating income	219.9	186.8	407.8	365
Equity in net earnings of affiliates	3	5	6.9	9.4
Interest expense	(24.4)	(17.7)	(48)	(36.3)
Foreign exchange loss	(24)	(10.5)	(27.5)	(22.1)
Other expense, net	(0.7)	(1.2)	(0.5)	(2)
Income before income taxes	173.8	162.4	338.7	314
Income tax expense	53.3	50.2	110.1	100.6
Net income	120.5	112.2	228.6	213.4
Less: Net income attributable to noncontrolling interest	0.4	0.4	0.7	0.8
Net income attributable to Kansas City Southern and subsidiaries	120.1	111.8	227.9	212.6
Preferred stock dividends	0	0	0.1	0.1
Net income available to common stockholders	$ 120.1	$ 111.8	$ 227.8	$ 212.5
Earnings per share:
Basic earnings per share	$ 1.12	$ 1.01	$ 2.11	$ 1.93
Diluted earnings per share	$ 1.11	$ 1.01	$ 2.11	$ 1.92
Average shares outstanding (in thousands):
Basic	107,720	110,334	107,891	110,322
Potentially dilutive common shares	187	181	203	200
Diluted shares	107,907	110,515	108,094	110,522

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 120.5	$ 112.2	$ 228.6	$ 213.4
Other comprehensive loss:
Amortization of prior service credit, net of tax of less than $(0.1) million	0	0	0	(0.1)
Foreign currency translation adjustments, net of tax of $(0.5) million, $(0.2) million, $(0.5) million and $(0.3) million, respectively	(0.6)	(0.2)	(0.7)	(0.5)
Other comprehensive loss	(0.6)	(0.2)	(0.7)	(0.6)
Comprehensive income	119.9	112	227.9	212.8
Less: Comprehensive income attributable to noncontrolling interest	0.4	0.4	0.7	0.8
Comprehensive income attributable to Kansas City Southern and subsidiaries	$ 119.5	$ 111.6	$ 227.2	$ 212

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Tax effect on amortization of prior service credit				$ 0
Tax effect on foreign currency translation adjustments	$ (0.5)	$ (0.2)	$ (0.5)	$ (0.3)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 293.6	$ 136.6
Accounts receivable, net	176.9	171.9
Materials and supplies	141.2	137.9
Other current assets	112.1	90.6
Total current assets	723.8	537
Investments	34.7	34.7
Property and equipment (including concession assets), net	7,847.8	7,705.4
Other assets	71.1	63.9
Total assets	8,677.4	8,341
Current liabilities:
Long-term debt due within one year	275.5	276.1
Short-term borrowings	0	80
Accounts payable and accrued liabilities	405.2	401.5
Total current liabilities	680.7	757.6
Long-term debt	2,281.8	2,045
Deferred income taxes	1,268.7	1,191.1
Other noncurrent liabilities and deferred credits	114.5	122.6
Total liabilities	4,345.7	4,116.3
Stockholders' equity:
$.01 par, common stock, 400,000,000 shares authorized; 123,352,185 shares issued; 107,911,597 and 108,461,144 shares outstanding at June 30, 2016 and December 31, 2015, respectively	1.1	1.1
Additional paid-in capital	950.3	947.1
Retained earnings	3,068.5	2,964.7
Accumulated other comprehensive loss	(5.4)	(4.7)
Total stockholders’ equity	4,020.6	3,914.3
Noncontrolling interest	311.1	310.4
Total equity	4,331.7	4,224.7
Total liabilities and equity	8,677.4	8,341
$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, 2016	Dec. 31, 2015
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	107,911,597	108,461,144
$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, 2016	Jun. 30, 2015
Operating activities:
Net income	$ 228.6	$ 213.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	150	139.3
Deferred income taxes	77.7	54.2
Equity in net earnings of affiliates	(6.9)	(9.4)
Share-based compensation	11.1	8.1
Excess tax benefit from share-based compensation	0.4	(4.4)
Distributions from unconsolidated affiliates	5	7.8
Unrealized loss on foreign currency derivative instruments	7.3	22.5
Mexican fuel excise tax credit	(34)	0
Changes in working capital items:
Accounts receivable	(5)	(11.7)
Materials and supplies	(1.7)	(23.2)
Other current assets	7.4	15.6
Accounts payable and accrued liabilities	(19.7)	(17.7)
Other, net	(1.7)	3
Net cash provided by operating activities	418.5	397.5
Investing activities:
Capital expenditures	(258.5)	(360.2)
Purchase or replacement of equipment under operating leases	(5.4)	(61.3)
Property investments in MSLLC	(16.6)	(3.9)
Other, net	(2.8)	(18.1)
Net cash used for investing activities	(283.3)	(443.5)
Financing activities:
Proceeds from short-term borrowings	6,498.7	8,409.6
Repayment of short-term borrowings	(6,579)	(8,568.6)
Proceeds from issuance of long-term debt	248.7	40
Repayment of long-term debt	(13)	(52.3)
Dividends paid	(71.6)	(67.5)
Shares repurchased	(59.2)	(20.6)
Debt costs	(2.6)	0
Excess tax benefit from share-based compensation	(0.4)	4.4
Proceeds from employee stock plans	0.2	3.9
Net cash provided by (used for) financing activities	21.8	(251.1)
Cash and cash equivalents:
Net increase (decrease) during each period	157	(297.1)
At beginning of year	136.6	348
At end of period	$ 293.6	$ 50.9

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2016
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, 2015 . The results of operations for the three and six months ended June 30, 2016 , are not necessarily indicative of the results to be expected for the full year ending December 31, 2016 . Certain prior year amounts have been reclassified to conform to the current year presentation.

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the FASB issued Accounting Standards Update (“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 February 2016, the FASB issued ASU No. 2016-02, Leases , which requires lessees to recognize a right-to-use asset and a lease obligation for all leases. Lessees are permitted to make an accounting policy election to not recognize an asset and liability for leases with a term of twelve months or less. Lessor accounting under the new standard is substantially unchanged. Additional qualitative and quantitative disclosures, including significant judgments made by management, will be required. The new standard will become effective for the Company beginning with the first quarter 2019 and requires a modified retrospective transition approach. Early adoption of the standard is permitted. The Company is currently evaluating the impacts the adoption of this accounting guidance will have on the consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which simplifies several aspects of the accounting for employee share-based payment transactions including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification of related amounts within the statement of cash flows. The new standard will become effective for the Company beginning with the first quarter of 2017, with early adoption permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

Mexican Fuel Excise Tax Credit

Mexican Fuel Excise Tax Credit	6 Months Ended
	Jun. 30, 2016
Mexican Fuel Excise Tax Credit [Abstract]
Mexican Fuel Excise Tax Credit	Mexican Fuel Excise Tax Credit Fuel purchases made in Mexico or the importation of fuel into Mexico is subject to an excise tax. During the second quarter of 2016, the Company determined that it could utilize a credit available under changes in Mexican law for the excise tax included in the price of fuel that is purchased and consumed in locomotives and certain work equipment in Mexico. As a result, the Company recognized a $34.0 million year-to-date benefit during the quarter ended June 30, 2016. Utilization of the credit is limited to the total 2016 Mexico income tax liability and income tax withholding payment obligations of Kansas City Southern de Mexico, S.A. de C.V. (“KCSM”), with no carryforward to future periods.

Flooding in the Southeastern Un

Flooding in the Southeastern United States	6 Months Ended
	Jun. 30, 2016
Extraordinary and Unusual Items [Abstract]
Flooding in the Southeastern United States	Flooding in the Southeastern United States In March 2016, flooding in the southeastern United States caused damage to the Company’s track infrastructure and interruptions to the Company’s rail service. During the three months ended June 30, 2016, the Company determined that it would file a claim under its insurance program for property damage, incremental expenses and lost profits caused by this flooding event. Accordingly, during the three months ended June 30, 2016, the Company recognized a receivable for probable insurance recovery of $7.0 million , which offsets the impact of incremental expenses recognized in the first half of 2016. The probable insurance recovery and incremental expenses have been recognized in Materials and other in the Consolidated Statements of Income. The recognition of remaining probable insurance recoveries represents a contingent gain, which will be recognized when all contingencies have been resolved, which generally occurs at the time of final settlement or when nonrefundable cash payments are received. As of the date of this filing, no payments have been received from the insurance program.

Earnings Per Share Data

Earnings Per Share Data	6 Months Ended
	Jun. 30, 2016
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, 2016 2015 2016 2015 Net income available to common stockholders for purposes of computing basic and diluted earnings per share $ 120.1 $ 111.8 $ 227.8 $ 212.5 Weighted-average number of shares outstanding ( in thousands ): Basic shares 107,720 110,334 107,891 110,322 Effect of dilution 187 181 203 200 Diluted shares 107,907 110,515 108,094 110,522 Earnings per share: Basic earnings per share $ 1.12 $ 1.01 $ 2.11 $ 1.93 Diluted earnings per share $ 1.11 $ 1.01 $ 2.11 $ 1.92 Potentially dilutive shares excluded from the calculation (in thousands): Stock options excluded as their inclusion would be anti-dilutive 48 125 185 74

Property and Equipment (includi

Property and Equipment (including Concession Assets)	6 Months Ended
	Jun. 30, 2016
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 $ 217.2 $ 218.1 Concession land rights 141.2 141.2 Road property 7,015.0 6,784.3 Equipment 2,354.8 2,326.1 Technology and other 163.6 159.3 Construction in progress 189.4 184.7 Total property 10,081.2 9,813.7 Accumulated depreciation and amortization 2,233.4 2,108.3 Property and equipment (including concession assets), net $ 7,847.8 $ 7,705.4 Concession assets, net of accumulated amortization of $573.0 million and $538.0 million , totaled $2,110.9 million and $2,070.5 million at June 30, 2016 and December 31, 2015 , respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
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 valuations. The Company determines the fair value of its derivative financial instrument positions based upon pricing models using inputs observed from actively quoted markets and also takes into consideration the contract terms as well as other inputs, including 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 $7.3 million and $46.0 million at June 30, 2016 and December 31, 2015 , 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 $2,697.8 million and $2,287.5 million at June 30, 2016 and December 31, 2015 , respectively. The carrying value was $2,557.3 million and $2,321.1 million at June 30, 2016 and December 31, 2015 , 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, 2016
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, 2016 , 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 monetary liabilities 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 cash tax risk. In the first quarter of 2016, the Company entered into foreign currency forward contracts with an aggregate notional amount of $400.0 million . Contracts with an aggregate notional amount of $60.0 million matured on April 29, 2016 and obligated the Company to purchase a total of Ps.1,057.3 million at a weighted-average exchange rate of Ps.17.62 to each U.S. dollar. During April 2016, the Company entered into offsetting contracts with an aggregate notional amount of $60.7 million . These offsetting contracts matured on April 29, 2016 , and obligated the Company to sell a total of Ps.1,057.3 million at a weighted-average exchange rate of Ps.17.41 to each U.S. dollar. The remaining contracts will mature on January 17, 2017 and obligate the Company to purchase a total of Ps.6,207.7 million at a weighted-average exchange rate of Ps.18.26 to each U.S. dollar. 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 matured on January 15, 2016 , and obligated 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. During January 2016, the Company entered into offsetting contracts with an aggregate notional amount of $251.0 million . These offsetting contracts matured on January 15, 2016 , and obligated the Company to sell a total of Ps.4,480.4 million at a weighted-average exchange rate of Ps.17.85 to each U.S. dollar. During 2015, the Company also entered into several foreign currency option contracts known as zero-cost collars. These contracts involved 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. During January 2016, zero-cost collar contracts with an aggregate notional amount of $80.0 million matured, resulting in a cash payment of $10.1 million . As of June 30, 2016, there were no outstanding zero-cost collar contracts. 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 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, 2015 Derivatives not designated as hedging instruments: Foreign currency forward contracts Accounts payable and accrued liabilities $ 7.3 $ 39.8 Foreign currency zero-cost collar contracts Accounts payable and accrued liabilities — 6.2 Total derivative liabilities $ 7.3 $ 46.0 The following table presents the effects of derivative instruments on 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, 2016 2015 2016 2015 Derivatives not designated as hedging instruments: Foreign currency forward contracts Foreign exchange loss $ (18.0 ) $ (6.9 ) $ (15.8 ) $ (16.3 ) Foreign currency zero-cost collar contracts Foreign exchange loss — (2.4 ) (3.9 ) (3.1 ) Total $ (18.0 ) $ (9.3 ) $ (19.7 ) $ (19.4 )

Short-Term Borrowings

Short-Term Borrowings	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Short-Term Borrowings	Short-Term Borrowings Commercial Paper. The Company’s commercial paper program generally serves as the primary means of short-term funding. As of June 30, 2016, KCS had no commercial paper outstanding. As of December 31, 2015, KCS had $80.0 million of commercial paper outstanding at a weighted-average interest rate of 1.072% .

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Senior Notes On May 16, 2016, KCS issued $250.0 million principal amount of senior unsecured notes due June 1, 2026 (the “3.125% Senior Notes”), which bear interest semiannually at a fixed annual rate of 3.125% . The 3.125% Senior Notes were issued at a discount to par value, resulting in a $1.3 million discount and a yield to maturity of 3.185% . The net proceeds from the offering were used to repay the outstanding commercial paper issued by KCS and for other general corporate purposes. The 3.125% Senior Notes are redeemable at the issuer’s option, in whole or in part, at any time, by paying the greater of either 100% of the principal amount to be redeemed and a formula price based on interest rates prevailing at the time of redemption and time remaining to maturity. The 3.125% Senior Notes include certain covenants which are customary for this type of debt instrument issued by borrowers with similar credit ratings. The 3.125% Senior Notes are unsecured and unsubordinated obligations of the Company and are unconditionally guaranteed, jointly and severally, by The Kansas City Southern Railway Company (“KCSR”) and each current and future domestic subsidiary of KCS that guarantees the KCS revolving credit facility or certain other debt of KCS or a note guarantor. Debt Exchange During the first quarter of 2016, KCS entered into agreements with certain holders of KCSR and KCSM senior notes (collectively, the “Existing Notes”) to exchange Existing Notes for new securities issued by KCS. Each KCS note issued in exchange for an Existing Note has the same interest rate, interest payment dates and maturity date and substantially identical redemption provisions as the corresponding Existing Note. The KCS notes have the same terms (other than the issue date) as the corresponding notes issued by KCS in the exchange offers that closed on December 9, 2015. The following table summarizes the outstanding notes that were exchanged on March 29, 2016 ( in millions ): Issuer of Existing Notes Series of Existing Notes Principal Amount Outstanding Prior to Exchange Principal Amount of Notes Exchanged Principal Amount Outstanding Following Exchange KCSR 3.85% Senior Notes due 2023 $ 5.0 $ 4.2 $ 0.8 KCSR 4.30% Senior Notes due 2043 12.4 11.1 1.3 KCSR 4.95% Senior Notes due 2045 23.3 22.5 0.8 KCSM 2.35% Senior Notes due 2020 35.4 17.8 17.6 The Company has accounted for this transaction as a debt exchange as the exchanged debt instruments are not considered to be substantially different. The balance of the unamortized discount and issue costs from the Existing Notes is being amortized as an adjustment of interest expense over the term of the KCS notes. There was no gain or loss recognized as a result of the exchange.

Equity

Equity	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Equity	Equity The following tables summarize the changes in equity ( in millions ): Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Beginning balance $ 3,941.4 $ 310.7 $ 4,252.1 $ 3,829.5 $ 309.0 $ 4,138.5 Net income 120.1 0.4 120.5 111.8 0.4 112.2 Other comprehensive loss (0.6 ) — (0.6 ) (0.2 ) — (0.2 ) Dividends on common stock (35.6 ) — (35.6 ) (36.5 ) — (36.5 ) Share repurchases (8.2 ) — (8.2 ) (20.6 ) — (20.6 ) Options exercised and stock subscribed, net of shares withheld for employee taxes (1.4 ) — (1.4 ) (0.4 ) — (0.4 ) Excess tax benefit from share-based compensation (0.1 ) — (0.1 ) 0.8 — 0.8 Share-based compensation 5.0 — 5.0 3.7 — 3.7 Ending balance $ 4,020.6 $ 311.1 $ 4,331.7 $ 3,888.1 $ 309.4 $ 4,197.5 Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Beginning balance $ 3,914.3 $ 310.4 $ 4,224.7 $ 3,755.5 $ 308.6 $ 4,064.1 Net income 227.9 0.7 228.6 212.6 0.8 213.4 Other comprehensive loss (0.7 ) — (0.7 ) (0.6 ) — (0.6 ) Dividends on common stock (71.2 ) — (71.2 ) (72.9 ) — (72.9 ) Dividends on $25 par preferred stock (0.1 ) — (0.1 ) (0.1 ) — (0.1 ) Share repurchases (59.2 ) — (59.2 ) (20.6 ) — (20.6 ) Options exercised and stock subscribed, net of shares withheld for employee taxes (1.1 ) — (1.1 ) 1.7 — 1.7 Excess tax benefit from share-based compensation (0.4 ) — (0.4 ) 4.4 — 4.4 Share-based compensation 11.1 — 11.1 8.1 — 8.1 Ending balance $ 4,020.6 $ 311.1 $ 4,331.7 $ 3,888.1 $ 309.4 $ 4,197.5 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. Share repurchases are expected to be funded by cash on hand, cash generated from operations and debt. During the three months ended June 30, 2016 , KCS repurchased 85,000 shares of common stock for $8.2 million at an average price of $97.29 per share. Since inception of this program, KCS has repurchased 2,864,596 shares of common stock for $253.4 million at an average price of $88.46 per share. 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 6, 2016 , the Company’s Board of Directors declared a cash dividend of $0.330 per share payable on July 6, 2016 , to common stockholders of record as of June 13, 2016 . The aggregate amount of the dividends declared for the three and six months ended June 30, 2016 was $35.6 million and $71.2 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, 2016 2015 2016 2015 Cash dividends declared per common share $ 0.330 $ 0.330 $ 0.660 $ 0.660

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
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 would 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, 2016 , the concession duty expense, which is recorded within materials and other in operating expenses, was $3.7 million and $7.3 million , respectively, compared to $3.9 million and $7.7 million for the same periods in 2015 . 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 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. 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, 2016 , was based on an updated actuarial study of personal injury claims through May 31, 2016, and review of the June 2016 experience. The personal injury liability activity was as follows (in millions) : Six Months Ended June 30, 2016 2015 Balance at beginning of year $ 23.9 $ 29.3 Accruals 2.4 4.4 Change in estimate (0.6 ) (3.5 ) Payments (2.0 ) (3.2 ) Balance at end of period $ 23.7 $ 27.0 Certain Disputes with Ferromex. KCSM and Ferrocarril Mexicano, S.A. de C.V. (“Ferromex”) use certain trackage rights, switching services and interline services provided by each other. KCSM and Ferromex had not agreed on the rates to be charged for trackage rights and switching services for periods beginning in 1998 through December 31, 2008, or for interline services for periods beginning in 1998 through February 8, 2010. Both KCSM and Ferromex had initiated administrative proceedings seeking a determination by the Mexican Secretaría de Comunicaciones y Transportes (“Secretary of Communications and Transportation” or “SCT”) of the rates that KCSM and Ferromex should pay each other. The SCT issued rulings in 2002 and 2008 setting the rates for the services and both KCSM and Ferromex had challenged these rulings based on different grounds. Additionally, KCSM and Ferromex had not settled amounts payable to each other for trackage rights and switching services for the year ended December 31, 2009. In the first quarter of 2016, KCSM and Ferromex executed a settlement agreement resolving amounts payable to each other for trackage rights and switching services for periods beginning in 1998 through December 31, 2009, and for interline services for periods beginning in 1998 through February 8, 2010. Under this settlement agreement, KCSM and Ferromex also agreed to terminate all related administrative proceedings. This settlement agreement did not have a significant effect on the consolidated financial statements. Tax Contingencies . Tax returns filed in the U.S. for periods after 2011 and in Mexico for periods after 2008 for KCSM and after 2009 for companies other than KCSM remain open to examination by the taxing authorities. An Internal Revenue Service (the “IRS”) examination has been completed and settled for the 2012 U.S. federal tax return. The Servicio de Administración Tributaria (the “SAT”), the Mexican equivalent of the IRS, is currently examining the KCSM 2009, 2010 and 2011 Mexico tax returns and the 2013 Mexico tax return of KCSM Servicios, S.A. de C.V. (“KCSM Servicios”), a wholly-owned subsidiary of KCS. An SAT examination has been completed during the quarter without adjustment for the 2012 Mexico tax return of KCSM Servicios. The Company is litigating a Value Added Tax (“VAT”) audit assessment from the SAT for KCSM for the year ended December 31, 2005. 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. 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. 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, 2016 . Panama Canal Railway Company (“PCRC”) Guarantees and Indemnities. At June 30, 2016 , the Company had issued and outstanding $5.3 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, 2016
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 following tables provide information by geographic area (in millions) : Three Months Ended Six Months Ended June 30, June 30, Revenues 2016 2015 2016 2015 U.S. $ 286.8 $ 287.4 $ 579.1 $ 599.3 Mexico 281.7 298.4 552.1 589.6 Total revenues $ 568.5 $ 585.8 $ 1,131.2 $ 1,188.9 Property and equipment (including concession assets), net June 30, December 31, U.S. $ 4,774.8 $ 4,642.6 Mexico 3,073.0 3,062.8 Total property and equipment (including concession assets), net $ 7,847.8 $ 7,705.4

Condensed Consolidating Financi

Condensed Consolidating Financial Information	6 Months Ended
	Jun. 30, 2016
Condensed Consolidating Financial Information [Abstract]
Condensed Consolidating Financial Information	Condensed Consolidating Financial Information Pursuant to Securities and Exchange Commission (“SEC”) Regulation S-X Rule 3-10 “Financial statements of guarantors and issuers of guaranteed securities registered or being registered”, the Company is required to provide condensed consolidating financial information for issuers of certain of its senior notes that are guaranteed. During 2015 and the first quarter of 2016, the Company completed a debt exchange whereby current holders of KCSR notes exchanged their notes for new KCS notes. As such, condensed consolidating financial information is presented with KCS as issuer of the new KCS notes and the 3.125% Senior Notes and with KCSR as issuer of the remaining Existing Notes that were not exchanged. As of June 30, 2016 , KCS had outstanding $244.8 million principal amount of Floating Rate Senior Notes due October 28, 2016 , $257.3 million principal amount of 2.35% Senior Notes due May 15, 2020 , $439.1 million principal amount of 3.00% Senior Notes due May 15, 2023 , $199.2 million principal amount of 3.85% Senior Notes due November 15, 2023 , $250.0 million principal amount of 3.125% Senior Notes due June 1, 2026 , $448.7 million principal amount of 4.30% Senior Notes due May 15, 2043 and $499.2 million principal amount of 4.95% Senior Notes due August 15, 2045 , which are unsecured obligations of KCS, and are also jointly and severally and fully and unconditionally guaranteed on an unsecured senior basis by KCSR and certain wholly-owned domestic subsidiaries of KCS. The 3.125% Senior Notes were registered under KCS’s shelf registration statement filed and automatically effective as of November 20, 2014. The Company filed a registration statement on Form S-4 with the SEC in connection with an exchange offer with respect to the remaining KCS notes, which was declared effective on June 27, 2016. As a result, the Company is providing the following condensed consolidating financial information (in millions) . Condensed Consolidating Statements of Comprehensive Income - KCS Notes Three Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 260.8 $ 312.2 $ (4.5 ) $ 568.5 Operating expenses 1.7 170.5 180.9 (4.5 ) 348.6 Operating income (loss) (1.7 ) 90.3 131.3 — 219.9 Equity in net earnings of affiliates 113.5 1.5 2.6 (114.6 ) 3.0 Interest expense (20.5 ) (21.0 ) (15.4 ) 32.5 (24.4 ) Foreign exchange loss — — (24.0 ) — (24.0 ) Other income (expense), net 27.7 (0.2 ) 3.9 (32.1 ) (0.7 ) Income before income taxes 119.0 70.6 98.4 (114.2 ) 173.8 Income tax expense (benefit) (1.1 ) 27.5 26.9 — 53.3 Net income 120.1 43.1 71.5 (114.2 ) 120.5 Less: Net income attributable to noncontrolling interest — 0.4 — — 0.4 Net income attributable to Kansas City Southern and subsidiaries 120.1 42.7 71.5 (114.2 ) 120.1 Other comprehensive loss (0.6 ) — (1.2 ) 1.2 (0.6 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 119.5 $ 42.7 $ 70.3 $ (113.0 ) $ 119.5 Condensed Consolidating Statements of Comprehensive Income - KCS Notes—(Continued) Three Months Ended June 30, 2015 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 260.7 $ 329.7 $ (4.6 ) $ 585.8 Operating expenses 1.8 189.8 212.0 (4.6 ) 399.0 Operating income (loss) (1.8 ) 70.9 117.7 — 186.8 Equity in net earnings of affiliates 107.4 1.6 4.5 (108.5 ) 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 51.8 102.2 (108.5 ) 162.4 Income tax expense 5.1 19.7 25.4 — 50.2 Net income 111.8 32.1 76.8 (108.5 ) 112.2 Less: Net income attributable to noncontrolling interest — 0.4 — — 0.4 Net income attributable to Kansas City Southern and subsidiaries 111.8 31.7 76.8 (108.5 ) 111.8 Other comprehensive loss (0.2 ) — (0.4 ) 0.4 (0.2 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 111.6 $ 31.7 $ 76.4 $ (108.1 ) $ 111.6 Six Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 527.6 $ 612.6 $ (9.0 ) $ 1,131.2 Operating expenses 2.8 370.4 359.2 (9.0 ) 723.4 Operating income (loss) (2.8 ) 157.2 253.4 — 407.8 Equity in net earnings of affiliates 217.2 3.0 6.0 (219.3 ) 6.9 Interest expense (39.4 ) (42.6 ) (29.9 ) 63.9 (48.0 ) Foreign exchange loss — — (27.5 ) — (27.5 ) Other income, net 52.8 0.1 9.8 (63.2 ) (0.5 ) Income before income taxes 227.8 117.7 211.8 (218.6 ) 338.7 Income tax expense (benefit) (0.1 ) 46.0 64.2 — 110.1 Net income 227.9 71.7 147.6 (218.6 ) 228.6 Less: Net income attributable to noncontrolling interest — 0.7 — — 0.7 Net income attributable to Kansas City Southern and subsidiaries 227.9 71.0 147.6 (218.6 ) 227.9 Other comprehensive loss (0.7 ) — (1.3 ) 1.3 (0.7 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 227.2 $ 71.0 $ 146.3 $ (217.3 ) $ 227.2 Condensed Consolidating Statements of Comprehensive Income - KCS Notes—(Continued) Six Months Ended June 30, 2015 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 544.7 $ 653.5 $ (9.3 ) $ 1,188.9 Operating expenses 3.0 391.6 438.6 (9.3 ) 823.9 Operating income (loss) (3.0 ) 153.1 214.9 — 365.0 Equity in net earnings of affiliates 199.2 3.2 8.5 (201.5 ) 9.4 Interest expense (0.1 ) (39.7 ) (20.0 ) 23.5 (36.3 ) Foreign exchange loss — — (22.1 ) — (22.1 ) Other income (expense), net 23.4 (1.8 ) (0.1 ) (23.5 ) (2.0 ) Income before income taxes 219.5 114.8 181.2 (201.5 ) 314.0 Income tax expense 6.9 43.8 49.9 — 100.6 Net income 212.6 71.0 131.3 (201.5 ) 213.4 Less: Net income attributable to noncontrolling interest — 0.8 — — 0.8 Net income attributable to Kansas City Southern and subsidiaries 212.6 70.2 131.3 (201.5 ) 212.6 Other comprehensive loss (0.6 ) — (0.8 ) 0.8 (0.6 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 212.0 $ 70.2 $ 130.5 $ (200.7 ) $ 212.0 Condensed Consolidating Balance Sheets - KCS Notes June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 487.7 $ 410.4 $ 321.0 $ (495.3 ) $ 723.8 Investments — 3.9 30.8 — 34.7 Investments in consolidated subsidiaries 3,319.9 482.0 — (3,801.9 ) — Property and equipment (including concession assets), net — 4,026.2 3,822.4 (0.8 ) 7,847.8 Other assets 1,770.9 44.6 255.0 (1,999.4 ) 71.1 Total assets $ 5,578.5 $ 4,967.1 $ 4,429.2 $ (6,297.4 ) $ 8,677.4 Liabilities and equity: Current liabilities $ (550.0 ) $ 1,290.7 $ 436.1 $ (496.1 ) $ 680.7 Long-term debt 2,062.7 1,178.4 1,040.1 (1,999.4 ) 2,281.8 Deferred income taxes 30.9 1,042.0 195.8 — 1,268.7 Other liabilities 3.9 90.0 20.6 — 114.5 Stockholders’ equity 4,031.0 1,054.9 2,736.6 (3,801.9 ) 4,020.6 Noncontrolling interest — 311.1 — — 311.1 Total liabilities and equity $ 5,578.5 $ 4,967.1 $ 4,429.2 $ (6,297.4 ) $ 8,677.4 Condensed Consolidating Balance Sheets - KCS Notes—(Continued) December 31, 2015 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 242.8 $ 189.5 $ 359.5 $ (254.8 ) $ 537.0 Investments — 3.9 30.8 — 34.7 Investments in consolidated subsidiaries 3,108.4 479.6 — (3,588.0 ) — Property and equipment (including concession assets), net — 3,903.2 3,803.0 (0.8 ) 7,705.4 Other assets 1,791.1 40.6 19.3 (1,787.1 ) 63.9 Total assets $ 5,142.3 $ 4,616.8 $ 4,212.6 $ (5,630.7 ) $ 8,341.0 Liabilities and equity: Current liabilities $ (566.9 ) $ 1,066.6 $ 512.8 $ (254.9 ) $ 757.6 Long-term debt 1,759.8 1,260.0 812.3 (1,787.1 ) 2,045.0 Deferred income taxes 20.9 998.4 171.8 — 1,191.1 Other liabilities 3.8 94.4 24.4 — 122.6 Stockholders’ equity 3,924.7 887.0 2,691.3 (3,588.7 ) 3,914.3 Noncontrolling interest — 310.4 — — 310.4 Total liabilities and equity $ 5,142.3 $ 4,616.8 $ 4,212.6 $ (5,630.7 ) $ 8,341.0 Condensed Consolidating Statements of Cash Flows - KCS Notes Six Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 109.4 $ 250.8 $ 161.7 $ (103.4 ) $ 418.5 Investing activities: Capital expenditures — (175.0 ) (83.5 ) — (258.5 ) Purchase or replacement of equipment under operating leases — (5.4 ) — — (5.4 ) Property investments in MSLLC — — (16.6 ) — (16.6 ) Proceeds from repayment of loans to affiliates 6,695.4 — — (6,695.4 ) — Loans to affiliates (6,742.2 ) — — 6,742.2 — Contribution to consolidated affiliates (97.2 ) (0.3 ) — 97.5 — Other investing activities — (5.2 ) 2.4 — (2.8 ) Net cash used (144.0 ) (185.9 ) (97.7 ) 144.3 (283.3 ) Financing activities: Proceeds from short-term borrowings 6,498.7 243.5 — (243.5 ) 6,498.7 Repayment of short-term borrowings (6,579.0 ) — — — (6,579.0 ) Proceeds from issuance of long-term debt 248.7 — — — 248.7 Dividends paid (71.6 ) — (101.7 ) 101.7 (71.6 ) Shares repurchased (59.2 ) — — — (59.2 ) Proceeds from loans from affiliates — 6,498.7 — (6,498.7 ) — Repayment of loans from affiliates — (6,695.4 ) — 6,695.4 — Contribution from affiliates — 96.9 0.6 (97.5 ) — Other financing activities (2.6 ) (1.8 ) (13.1 ) 1.7 (15.8 ) Net cash provided (used) 35.0 141.9 (114.2 ) (40.9 ) 21.8 Cash and cash equivalents: Net increase (decrease) 0.4 206.8 (50.2 ) — 157.0 At beginning of year 0.2 10.2 126.2 — 136.6 At end of period $ 0.6 $ 217.0 $ 76.0 $ — $ 293.6 Condensed Consolidating Statements of Cash Flows - KCS Notes—(Continued) Six Months Ended June 30, 2015 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 16.0 $ 112.8 $ 278.5 $ (9.8 ) $ 397.5 Investing activities: Capital expenditures — (209.8 ) (150.4 ) — (360.2 ) Purchase or replacement of equipment under operating leases — — (61.3 ) — (61.3 ) Property investments in MSLLC — — (3.9 ) — (3.9 ) Proceeds from repayment of loans to affiliates 64.1 — — (64.1 ) — Other investing activities (0.4 ) (2.7 ) (15.8 ) 0.8 (18.1 ) Net cash provided (used) 63.7 (212.5 ) (231.4 ) (63.3 ) (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 — (1.7 ) (50.6 ) — (52.3 ) Dividends paid (67.5 ) — (9.8 ) 9.8 (67.5 ) Shares repurchased (20.6 ) — — — (20.6 ) Repayment of loans from affiliates — (64.1 ) — 64.1 — Other financing activities 8.3 0.4 0.4 (0.8 ) 8.3 Net cash provided (used) (79.8 ) 75.6 (320.0 ) 73.1 (251.1 ) Cash and cash equivalents: Net decrease (0.1 ) (24.1 ) (272.9 ) — (297.1 ) At beginning of year 0.2 29.5 318.3 — 348.0 At end of period $ 0.1 $ 5.4 $ 45.4 $ — $ 50.9 As of June 30, 2016 , KCSR had outstanding $0.8 million principal amount of 3.85% Senior Notes due November 15, 2023 , $1.3 million principal amount of 4.30% Senior Notes due May 15, 2043 and $0.8 million principal amount of 4.95% Senior Notes due August 15, 2045 (collectively, the “KCSR Notes”) 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. The 4.95% Senior Notes were registered under KCS’s shelf registration filed and automatically effective as of November 20, 2014. KCSR filed a registration statement on Form S-4 with the SEC in connection with an exchange offer with respect to the 3.85% Senior Notes and 4.30% Senior Notes, which was declared effective on May 28, 2014. As a result, the Company is providing the following condensed consolidating financial information (in millions) . Condensed Consolidating Statements of Comprehensive Income - KCSR Notes Three Months Ended June 30, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 254.7 $ 11.3 $ 312.2 $ (9.7 ) $ 568.5 Operating expenses 1.7 165.9 9.8 180.9 (9.7 ) 348.6 Operating income (loss) (1.7 ) 88.8 1.5 131.3 — 219.9 Equity in net earnings of affiliates 113.5 0.2 1.1 2.6 (114.4 ) 3.0 Interest expense (20.5 ) (21.0 ) — (15.4 ) 32.5 (24.4 ) Foreign exchange loss — — — (24.0 ) — (24.0 ) Other income (expense), net 27.7 (0.2 ) — 3.9 (32.1 ) (0.7 ) Income before income taxes 119.0 67.8 2.6 98.4 (114.0 ) 173.8 Income tax expense (benefit) (1.1 ) 26.5 1.0 26.9 — 53.3 Net income 120.1 41.3 1.6 71.5 (114.0 ) 120.5 Less: Net income attributable to noncontrolling interest — — 0.4 — — 0.4 Net income attributable to Kansas City Southern and subsidiaries 120.1 41.3 1.2 71.5 (114.0 ) 120.1 Other comprehensive loss (0.6 ) — — (1.2 ) 1.2 (0.6 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 119.5 $ 41.3 $ 1.2 $ 70.3 $ (112.8 ) $ 119.5 Condensed Consolidating Statements of Comprehensive Income - KCSR Notes—(Continued) 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 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 Six Months Ended June 30, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 515.3 $ 22.1 $ 612.6 $ (18.8 ) $ 1,131.2 Operating expenses 2.8 361.5 18.7 359.2 (18.8 ) 723.4 Operating income (loss) (2.8 ) 153.8 3.4 253.4 — 407.8 Equity in net earnings of affiliates 217.2 0.3 2.1 6.0 (218.7 ) 6.9 Interest expense (39.4 ) (42.6 ) — (29.9 ) 63.9 (48.0 ) Foreign exchange loss — — — (27.5 ) — (27.5 ) Other income, net 52.8 0.1 — 9.8 (63.2 ) (0.5 ) Income before income taxes 227.8 111.6 5.5 211.8 (218.0 ) 338.7 Income tax expense (benefit) (0.1 ) 43.6 2.4 64.2 — 110.1 Net income 227.9 68.0 3.1 147.6 (218.0 ) 228.6 Less: Net income attributable to noncontrolling interest — — 0.7 — — 0.7 Net income attributable to Kansas City Southern and subsidiaries 227.9 68.0 2.4 147.6 (218.0 ) 227.9 Other comprehensive loss (0.7 ) — — (1.3 ) 1.3 (0.7 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 227.2 $ 68.0 $ 2.4 $ 146.3 $ (216.7 ) $ 227.2 Condensed Consolidating Statements of Comprehensive Income - KCSR Notes—(Continued) 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 affiliates 199.2 0.3 2.3 8.5 (200.9 ) 9.4 Interest expense (0.1 ) (39.7 ) — (20.0 ) 23.5 (36.3 ) Foreign exchange loss — — — (22.1 ) — (22.1 ) Other income (expense), net 23.4 (1.8 ) — (0.1 ) (23.5 ) (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 Balance Sheets - KCSR Notes June 30, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 487.7 $ 405.7 $ 5.5 $ 321.0 $ (496.1 ) $ 723.8 Investments — 3.9 — 30.8 — 34.7 Investments in consolidated subsidiaries 3,319.9 (8.2 ) 480.0 — (3,791.7 ) — Property and equipment (including concession assets), net — 3,843.1 183.1 3,822.4 (0.8 ) 7,847.8 Other assets 1,770.9 44.5 — 255.0 (1,999.3 ) 71.1 Total assets $ 5,578.5 $ 4,289.0 $ 668.6 $ 4,429.2 $ (6,287.9 ) $ 8,677.4 Liabilities and equity: Current liabilities $ (550.0 ) $ 1,192.9 $ 98.6 $ 436.1 $ (496.9 ) $ 680.7 Long-term debt 2,062.7 1,178.3 0.1 1,040.1 (1,999.4 ) 2,281.8 Deferred income taxes 30.9 905.0 137.0 195.8 — 1,268.7 Other liabilities 3.9 89.9 0.1 20.6 — 114.5 Stockholders’ equity 4,031.0 922.9 121.7 2,736.6 (3,791.6 ) 4,020.6 Noncontrolling interest — — 311.1 — — 311.1 Total liabilities and equity $ 5,578.5 $ 4,289.0 $ 668.6 $ 4,429.2 $ (6,287.9 ) $ 8,677.4 Condensed Consolidating Balance Sheets - KCSR Notes—(Continued) December 31, 2015 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 242.8 $ 182.7 $ 7.7 $ 359.5 $ (255.7 ) $ 537.0 Investments — 3.9 — 30.8 — 34.7 Investments in consolidated subsidiaries 3,108.4 (7.6 ) 477.6 — (3,578.4 ) — Property and equipment (including concession assets), net — 3,716.4 186.8 3,803.0 (0.8 ) 7,705.4 Other assets 1,791.1 40.5 — 19.3 (1,787.0 ) 63.9 Total assets $ 5,142.3 $ 3,935.9 $ 672.1 $ 4,212.6 $ (5,621.9 ) $ 8,341.0 Liabilities and equity: Current liabilities $ (566.9 ) $ 959.6 $ 107.8 $ 512.8 $ (255.7 ) $ 757.6 Long-term debt 1,759.8 1,259.9 0.1 812.3 (1,787.1 ) 2,045.0 Deferred income taxes 20.9 863.7 134.7 171.8 — 1,191.1 Other liabilities 3.8 94.2 0.2 24.4 — 122.6 Stockholders’ equity 3,924.7 758.5 118.9 2,691.3 (3,579.1 ) 3,914.3 Noncontrolling interest — — 310.4 — — 310.4 Total liabilities and equity $ 5,142.3 $ 3,935.9 $ 672.1 $ 4,212.6 $ (5,621.9 ) $ 8,341.0 Condensed Consolidating Statements of Cash Flows - KCSR Notes Six Months Ended June 30, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 109.4 $ 250.2 $ 0.5 $ 161.7 $ (103.3 ) $ 418.5 Investing activities: Capital expenditures — (174.6 ) (0.4 ) (83.5 ) — (258.5 ) Purchase or replacement of equipment under operating leases — (5.4 ) — — — (5.4 ) Property investments in MSLLC — — — (16.6 ) — (16.6 ) Proceeds from repayment of loans to affiliates 6,695.4 — — — (6,695.4 ) — Loans to affiliates (6,742.2 ) — — — 6,742.2 — Contribution to consolidated affiliates (97.2 ) — (0.3 ) — 97.5 — Other investing activities — (5.2 ) — 2.4 — (2.8 ) Net cash used (144.0 ) (185.2 ) (0.7 ) (97.7 ) 144.3 (283.3 ) Financing activities: Proceeds from short-term borrowings 6,498.7 243.5 — — (243.5 ) 6,498.7 Repayment of short-term borrowings (6,579.0 ) — — — — (6,579.0 ) Proceeds from issuance of long-term debt 248.7 — — — — 248.7 Dividends paid (71.6 ) — — (101.7 ) 101.7 (71.6 ) Shares repurchased (59.2 ) — — — — (59.2 ) Proceeds from loans from affiliates — 6,498.7 — — (6,498.7 ) — Repayment of loans from affiliates — (6,695.4 ) — — 6,695.4 — Contribution from affiliates — 96.7 0.3 0.6 (97.6 ) — Other financing activities (2.6 ) (1.7 ) (0.1 ) (13.1 ) 1.7 (15.8 ) Net cash provided (used) 35.0 141.8 0.2 (114.2 ) (41.0 ) 21.8 Cash and cash equivalents: Net increase (decrease) 0.4 206.8 — (50.2 ) — 157.0 At beginning of year 0.2 10.1 0.1 126.2 — 136.6 At end of period $ 0.6 $ 216.9 $ 0.1 $ 76.0 $ — $ 293.6 Condensed Consolidating Statements of Cash Flows - KCSR Notes—(Continued) Six Months Ended June 30, 2015 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 16.0 $ 112.2 $ 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 ) Proceeds from repayment of loans to affiliates 64.1 — — — (64.1 ) — Other investing activities (0.4 ) (2.3 ) (0.4 ) (15.8 ) 0.8 (18.1 ) Net cash provided (used) 63.7 (211.2 ) (1.3 ) (231.4 ) (63.3 ) (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 ) Repayment of loans from affiliates — (64.1 ) — — 64.1 — Other financing activities 8.3 — 0.4 0.4 (0.8 ) 8.3 Net cash provided (used) (79.8 ) 75.3 0.3 (320.0 ) 73.1 (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

Earnings Per Share Data (Tables

Earnings Per Share Data (Tables)	6 Months Ended
	Jun. 30, 2016
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, 2016 2015 2016 2015 Net income available to common stockholders for purposes of computing basic and diluted earnings per share $ 120.1 $ 111.8 $ 227.8 $ 212.5 Weighted-average number of shares outstanding ( in thousands ): Basic shares 107,720 110,334 107,891 110,322 Effect of dilution 187 181 203 200 Diluted shares 107,907 110,515 108,094 110,522 Earnings per share: Basic earnings per share $ 1.12 $ 1.01 $ 2.11 $ 1.93 Diluted earnings per share $ 1.11 $ 1.01 $ 2.11 $ 1.92
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 48 125 185 74

Property and Equipment (inclu23

Property and Equipment (including Concession Assets) (Tables)	6 Months Ended
	Jun. 30, 2016
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 $ 217.2 $ 218.1 Concession land rights 141.2 141.2 Road property 7,015.0 6,784.3 Equipment 2,354.8 2,326.1 Technology and other 163.6 159.3 Construction in progress 189.4 184.7 Total property 10,081.2 9,813.7 Accumulated depreciation and amortization 2,233.4 2,108.3 Property and equipment (including concession assets), net $ 7,847.8 $ 7,705.4

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
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, 2015 Derivatives not designated as hedging instruments: Foreign currency forward contracts Accounts payable and accrued liabilities $ 7.3 $ 39.8 Foreign currency zero-cost collar contracts Accounts payable and accrued liabilities — 6.2 Total derivative liabilities $ 7.3 $ 46.0
Schedule of Derivative Instruments, Gain (Loss) in Consolidated Statements of Income	The following table presents the effects of derivative instruments on 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, 2016 2015 2016 2015 Derivatives not designated as hedging instruments: Foreign currency forward contracts Foreign exchange loss $ (18.0 ) $ (6.9 ) $ (15.8 ) $ (16.3 ) Foreign currency zero-cost collar contracts Foreign exchange loss — (2.4 ) (3.9 ) (3.1 ) Total $ (18.0 ) $ (9.3 ) $ (19.7 ) $ (19.4 )

Long-Term Debt (Tables)

Long-Term Debt (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Schedule of Debt Exchanged	The following table summarizes the outstanding notes that were exchanged on March 29, 2016 ( in millions ): Issuer of Existing Notes Series of Existing Notes Principal Amount Outstanding Prior to Exchange Principal Amount of Notes Exchanged Principal Amount Outstanding Following Exchange KCSR 3.85% Senior Notes due 2023 $ 5.0 $ 4.2 $ 0.8 KCSR 4.30% Senior Notes due 2043 12.4 11.1 1.3 KCSR 4.95% Senior Notes due 2045 23.3 22.5 0.8 KCSM 2.35% Senior Notes due 2020 35.4 17.8 17.6

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Schedule of Stockholders' Equity	The following tables summarize the changes in equity ( in millions ): Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Beginning balance $ 3,941.4 $ 310.7 $ 4,252.1 $ 3,829.5 $ 309.0 $ 4,138.5 Net income 120.1 0.4 120.5 111.8 0.4 112.2 Other comprehensive loss (0.6 ) — (0.6 ) (0.2 ) — (0.2 ) Dividends on common stock (35.6 ) — (35.6 ) (36.5 ) — (36.5 ) Share repurchases (8.2 ) — (8.2 ) (20.6 ) — (20.6 ) Options exercised and stock subscribed, net of shares withheld for employee taxes (1.4 ) — (1.4 ) (0.4 ) — (0.4 ) Excess tax benefit from share-based compensation (0.1 ) — (0.1 ) 0.8 — 0.8 Share-based compensation 5.0 — 5.0 3.7 — 3.7 Ending balance $ 4,020.6 $ 311.1 $ 4,331.7 $ 3,888.1 $ 309.4 $ 4,197.5 Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Beginning balance $ 3,914.3 $ 310.4 $ 4,224.7 $ 3,755.5 $ 308.6 $ 4,064.1 Net income 227.9 0.7 228.6 212.6 0.8 213.4 Other comprehensive loss (0.7 ) — (0.7 ) (0.6 ) — (0.6 ) Dividends on common stock (71.2 ) — (71.2 ) (72.9 ) — (72.9 ) Dividends on $25 par preferred stock (0.1 ) — (0.1 ) (0.1 ) — (0.1 ) Share repurchases (59.2 ) — (59.2 ) (20.6 ) — (20.6 ) Options exercised and stock subscribed, net of shares withheld for employee taxes (1.1 ) — (1.1 ) 1.7 — 1.7 Excess tax benefit from share-based compensation (0.4 ) — (0.4 ) 4.4 — 4.4 Share-based compensation 11.1 — 11.1 8.1 — 8.1 Ending balance $ 4,020.6 $ 311.1 $ 4,331.7 $ 3,888.1 $ 309.4 $ 4,197.5
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, 2016 2015 2016 2015 Cash dividends declared per common share $ 0.330 $ 0.330 $ 0.660 $ 0.660

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Personal Injury Liability Activity	The personal injury liability activity was as follows (in millions) : Six Months Ended June 30, 2016 2015 Balance at beginning of year $ 23.9 $ 29.3 Accruals 2.4 4.4 Change in estimate (0.6 ) (3.5 ) Payments (2.0 ) (3.2 ) Balance at end of period $ 23.7 $ 27.0

Geographic Information (Tables)

Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2016
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 2016 2015 2016 2015 U.S. $ 286.8 $ 287.4 $ 579.1 $ 599.3 Mexico 281.7 298.4 552.1 589.6 Total revenues $ 568.5 $ 585.8 $ 1,131.2 $ 1,188.9 Property and equipment (including concession assets), net June 30, December 31, U.S. $ 4,774.8 $ 4,642.6 Mexico 3,073.0 3,062.8 Total property and equipment (including concession assets), net $ 7,847.8 $ 7,705.4

Condensed Consolidating Finan29

Condensed Consolidating Financial Information (Tables)	6 Months Ended
	Jun. 30, 2016
Condensed Consolidating Financial Information KCS [Member]
Condensed Financial Statements [Line Items]
Condensed Consolidating Statements of Comprehensive Income	Condensed Consolidating Statements of Comprehensive Income - KCS Notes Three Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 260.8 $ 312.2 $ (4.5 ) $ 568.5 Operating expenses 1.7 170.5 180.9 (4.5 ) 348.6 Operating income (loss) (1.7 ) 90.3 131.3 — 219.9 Equity in net earnings of affiliates 113.5 1.5 2.6 (114.6 ) 3.0 Interest expense (20.5 ) (21.0 ) (15.4 ) 32.5 (24.4 ) Foreign exchange loss — — (24.0 ) — (24.0 ) Other income (expense), net 27.7 (0.2 ) 3.9 (32.1 ) (0.7 ) Income before income taxes 119.0 70.6 98.4 (114.2 ) 173.8 Income tax expense (benefit) (1.1 ) 27.5 26.9 — 53.3 Net income 120.1 43.1 71.5 (114.2 ) 120.5 Less: Net income attributable to noncontrolling interest — 0.4 — — 0.4 Net income attributable to Kansas City Southern and subsidiaries 120.1 42.7 71.5 (114.2 ) 120.1 Other comprehensive loss (0.6 ) — (1.2 ) 1.2 (0.6 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 119.5 $ 42.7 $ 70.3 $ (113.0 ) $ 119.5 Condensed Consolidating Statements of Comprehensive Income - KCS Notes—(Continued) Three Months Ended June 30, 2015 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 260.7 $ 329.7 $ (4.6 ) $ 585.8 Operating expenses 1.8 189.8 212.0 (4.6 ) 399.0 Operating income (loss) (1.8 ) 70.9 117.7 — 186.8 Equity in net earnings of affiliates 107.4 1.6 4.5 (108.5 ) 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 51.8 102.2 (108.5 ) 162.4 Income tax expense 5.1 19.7 25.4 — 50.2 Net income 111.8 32.1 76.8 (108.5 ) 112.2 Less: Net income attributable to noncontrolling interest — 0.4 — — 0.4 Net income attributable to Kansas City Southern and subsidiaries 111.8 31.7 76.8 (108.5 ) 111.8 Other comprehensive loss (0.2 ) — (0.4 ) 0.4 (0.2 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 111.6 $ 31.7 $ 76.4 $ (108.1 ) $ 111.6 Six Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 527.6 $ 612.6 $ (9.0 ) $ 1,131.2 Operating expenses 2.8 370.4 359.2 (9.0 ) 723.4 Operating income (loss) (2.8 ) 157.2 253.4 — 407.8 Equity in net earnings of affiliates 217.2 3.0 6.0 (219.3 ) 6.9 Interest expense (39.4 ) (42.6 ) (29.9 ) 63.9 (48.0 ) Foreign exchange loss — — (27.5 ) — (27.5 ) Other income, net 52.8 0.1 9.8 (63.2 ) (0.5 ) Income before income taxes 227.8 117.7 211.8 (218.6 ) 338.7 Income tax expense (benefit) (0.1 ) 46.0 64.2 — 110.1 Net income 227.9 71.7 147.6 (218.6 ) 228.6 Less: Net income attributable to noncontrolling interest — 0.7 — — 0.7 Net income attributable to Kansas City Southern and subsidiaries 227.9 71.0 147.6 (218.6 ) 227.9 Other comprehensive loss (0.7 ) — (1.3 ) 1.3 (0.7 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 227.2 $ 71.0 $ 146.3 $ (217.3 ) $ 227.2 Condensed Consolidating Statements of Comprehensive Income - KCS Notes—(Continued) Six Months Ended June 30, 2015 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 544.7 $ 653.5 $ (9.3 ) $ 1,188.9 Operating expenses 3.0 391.6 438.6 (9.3 ) 823.9 Operating income (loss) (3.0 ) 153.1 214.9 — 365.0 Equity in net earnings of affiliates 199.2 3.2 8.5 (201.5 ) 9.4 Interest expense (0.1 ) (39.7 ) (20.0 ) 23.5 (36.3 ) Foreign exchange loss — — (22.1 ) — (22.1 ) Other income (expense), net 23.4 (1.8 ) (0.1 ) (23.5 ) (2.0 ) Income before income taxes 219.5 114.8 181.2 (201.5 ) 314.0 Income tax expense 6.9 43.8 49.9 — 100.6 Net income 212.6 71.0 131.3 (201.5 ) 213.4 Less: Net income attributable to noncontrolling interest — 0.8 — — 0.8 Net income attributable to Kansas City Southern and subsidiaries 212.6 70.2 131.3 (201.5 ) 212.6 Other comprehensive loss (0.6 ) — (0.8 ) 0.8 (0.6 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 212.0 $ 70.2 $ 130.5 $ (200.7 ) $ 212.0
Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheets - KCS Notes June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 487.7 $ 410.4 $ 321.0 $ (495.3 ) $ 723.8 Investments — 3.9 30.8 — 34.7 Investments in consolidated subsidiaries 3,319.9 482.0 — (3,801.9 ) — Property and equipment (including concession assets), net — 4,026.2 3,822.4 (0.8 ) 7,847.8 Other assets 1,770.9 44.6 255.0 (1,999.4 ) 71.1 Total assets $ 5,578.5 $ 4,967.1 $ 4,429.2 $ (6,297.4 ) $ 8,677.4 Liabilities and equity: Current liabilities $ (550.0 ) $ 1,290.7 $ 436.1 $ (496.1 ) $ 680.7 Long-term debt 2,062.7 1,178.4 1,040.1 (1,999.4 ) 2,281.8 Deferred income taxes 30.9 1,042.0 195.8 — 1,268.7 Other liabilities 3.9 90.0 20.6 — 114.5 Stockholders’ equity 4,031.0 1,054.9 2,736.6 (3,801.9 ) 4,020.6 Noncontrolling interest — 311.1 — — 311.1 Total liabilities and equity $ 5,578.5 $ 4,967.1 $ 4,429.2 $ (6,297.4 ) $ 8,677.4 Condensed Consolidating Balance Sheets - KCS Notes—(Continued) December 31, 2015 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 242.8 $ 189.5 $ 359.5 $ (254.8 ) $ 537.0 Investments — 3.9 30.8 — 34.7 Investments in consolidated subsidiaries 3,108.4 479.6 — (3,588.0 ) — Property and equipment (including concession assets), net — 3,903.2 3,803.0 (0.8 ) 7,705.4 Other assets 1,791.1 40.6 19.3 (1,787.1 ) 63.9 Total assets $ 5,142.3 $ 4,616.8 $ 4,212.6 $ (5,630.7 ) $ 8,341.0 Liabilities and equity: Current liabilities $ (566.9 ) $ 1,066.6 $ 512.8 $ (254.9 ) $ 757.6 Long-term debt 1,759.8 1,260.0 812.3 (1,787.1 ) 2,045.0 Deferred income taxes 20.9 998.4 171.8 — 1,191.1 Other liabilities 3.8 94.4 24.4 — 122.6 Stockholders’ equity 3,924.7 887.0 2,691.3 (3,588.7 ) 3,914.3 Noncontrolling interest — 310.4 — — 310.4 Total liabilities and equity $ 5,142.3 $ 4,616.8 $ 4,212.6 $ (5,630.7 ) $ 8,341.0
Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows - KCS Notes Six Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 109.4 $ 250.8 $ 161.7 $ (103.4 ) $ 418.5 Investing activities: Capital expenditures — (175.0 ) (83.5 ) — (258.5 ) Purchase or replacement of equipment under operating leases — (5.4 ) — — (5.4 ) Property investments in MSLLC — — (16.6 ) — (16.6 ) Proceeds from repayment of loans to affiliates 6,695.4 — — (6,695.4 ) — Loans to affiliates (6,742.2 ) — — 6,742.2 — Contribution to consolidated affiliates (97.2 ) (0.3 ) — 97.5 — Other investing activities — (5.2 ) 2.4 — (2.8 ) Net cash used (144.0 ) (185.9 ) (97.7 ) 144.3 (283.3 ) Financing activities: Proceeds from short-term borrowings 6,498.7 243.5 — (243.5 ) 6,498.7 Repayment of short-term borrowings (6,579.0 ) — — — (6,579.0 ) Proceeds from issuance of long-term debt 248.7 — — — 248.7 Dividends paid (71.6 ) — (101.7 ) 101.7 (71.6 ) Shares repurchased (59.2 ) — — — (59.2 ) Proceeds from loans from affiliates — 6,498.7 — (6,498.7 ) — Repayment of loans from affiliates — (6,695.4 ) — 6,695.4 — Contribution from affiliates — 96.9 0.6 (97.5 ) — Other financing activities (2.6 ) (1.8 ) (13.1 ) 1.7 (15.8 ) Net cash provided (used) 35.0 141.9 (114.2 ) (40.9 ) 21.8 Cash and cash equivalents: Net increase (decrease) 0.4 206.8 (50.2 ) — 157.0 At beginning of year 0.2 10.2 126.2 — 136.6 At end of period $ 0.6 $ 217.0 $ 76.0 $ — $ 293.6 Condensed Consolidating Statements of Cash Flows - KCS Notes—(Continued) Six Months Ended June 30, 2015 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 16.0 $ 112.8 $ 278.5 $ (9.8 ) $ 397.5 Investing activities: Capital expenditures — (209.8 ) (150.4 ) — (360.2 ) Purchase or replacement of equipment under operating leases — — (61.3 ) — (61.3 ) Property investments in MSLLC — — (3.9 ) — (3.9 ) Proceeds from repayment of loans to affiliates 64.1 — — (64.1 ) — Other investing activities (0.4 ) (2.7 ) (15.8 ) 0.8 (18.1 ) Net cash provided (used) 63.7 (212.5 ) (231.4 ) (63.3 ) (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 — (1.7 ) (50.6 ) — (52.3 ) Dividends paid (67.5 ) — (9.8 ) 9.8 (67.5 ) Shares repurchased (20.6 ) — — — (20.6 ) Repayment of loans from affiliates — (64.1 ) — 64.1 — Other financing activities 8.3 0.4 0.4 (0.8 ) 8.3 Net cash provided (used) (79.8 ) 75.6 (320.0 ) 73.1 (251.1 ) Cash and cash equivalents: Net decrease (0.1 ) (24.1 ) (272.9 ) — (297.1 ) At beginning of year 0.2 29.5 318.3 — 348.0 At end of period $ 0.1 $ 5.4 $ 45.4 $ — $ 50.9
Condensed Consolidating Financial Information KCSR [Member]
Condensed Financial Statements [Line Items]
Condensed Consolidating Statements of Comprehensive Income	Condensed Consolidating Statements of Comprehensive Income - KCSR Notes Three Months Ended June 30, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 254.7 $ 11.3 $ 312.2 $ (9.7 ) $ 568.5 Operating expenses 1.7 165.9 9.8 180.9 (9.7 ) 348.6 Operating income (loss) (1.7 ) 88.8 1.5 131.3 — 219.9 Equity in net earnings of affiliates 113.5 0.2 1.1 2.6 (114.4 ) 3.0 Interest expense (20.5 ) (21.0 ) — (15.4 ) 32.5 (24.4 ) Foreign exchange loss — — — (24.0 ) — (24.0 ) Other income (expense), net 27.7 (0.2 ) — 3.9 (32.1 ) (0.7 ) Income before income taxes 119.0 67.8 2.6 98.4 (114.0 ) 173.8 Income tax expense (benefit) (1.1 ) 26.5 1.0 26.9 — 53.3 Net income 120.1 41.3 1.6 71.5 (114.0 ) 120.5 Less: Net income attributable to noncontrolling interest — — 0.4 — — 0.4 Net income attributable to Kansas City Southern and subsidiaries 120.1 41.3 1.2 71.5 (114.0 ) 120.1 Other comprehensive loss (0.6 ) — — (1.2 ) 1.2 (0.6 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 119.5 $ 41.3 $ 1.2 $ 70.3 $ (112.8 ) $ 119.5 Condensed Consolidating Statements of Comprehensive Income - KCSR Notes—(Continued) 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 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 Six Months Ended June 30, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 515.3 $ 22.1 $ 612.6 $ (18.8 ) $ 1,131.2 Operating expenses 2.8 361.5 18.7 359.2 (18.8 ) 723.4 Operating income (loss) (2.8 ) 153.8 3.4 253.4 — 407.8 Equity in net earnings of affiliates 217.2 0.3 2.1 6.0 (218.7 ) 6.9 Interest expense (39.4 ) (42.6 ) — (29.9 ) 63.9 (48.0 ) Foreign exchange loss — — — (27.5 ) — (27.5 ) Other income, net 52.8 0.1 — 9.8 (63.2 ) (0.5 ) Income before income taxes 227.8 111.6 5.5 211.8 (218.0 ) 338.7 Income tax expense (benefit) (0.1 ) 43.6 2.4 64.2 — 110.1 Net income 227.9 68.0 3.1 147.6 (218.0 ) 228.6 Less: Net income attributable to noncontrolling interest — — 0.7 — — 0.7 Net income attributable to Kansas City Southern and subsidiaries 227.9 68.0 2.4 147.6 (218.0 ) 227.9 Other comprehensive loss (0.7 ) — — (1.3 ) 1.3 (0.7 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 227.2 $ 68.0 $ 2.4 $ 146.3 $ (216.7 ) $ 227.2 Condensed Consolidating Statements of Comprehensive Income - KCSR Notes—(Continued) 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 affiliates 199.2 0.3 2.3 8.5 (200.9 ) 9.4 Interest expense (0.1 ) (39.7 ) — (20.0 ) 23.5 (36.3 ) Foreign exchange loss — — — (22.1 ) — (22.1 ) Other income (expense), net 23.4 (1.8 ) — (0.1 ) (23.5 ) (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 Balance Sheets	Condensed Consolidating Balance Sheets - KCSR Notes June 30, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 487.7 $ 405.7 $ 5.5 $ 321.0 $ (496.1 ) $ 723.8 Investments — 3.9 — 30.8 — 34.7 Investments in consolidated subsidiaries 3,319.9 (8.2 ) 480.0 — (3,791.7 ) — Property and equipment (including concession assets), net — 3,843.1 183.1 3,822.4 (0.8 ) 7,847.8 Other assets 1,770.9 44.5 — 255.0 (1,999.3 ) 71.1 Total assets $ 5,578.5 $ 4,289.0 $ 668.6 $ 4,429.2 $ (6,287.9 ) $ 8,677.4 Liabilities and equity: Current liabilities $ (550.0 ) $ 1,192.9 $ 98.6 $ 436.1 $ (496.9 ) $ 680.7 Long-term debt 2,062.7 1,178.3 0.1 1,040.1 (1,999.4 ) 2,281.8 Deferred income taxes 30.9 905.0 137.0 195.8 — 1,268.7 Other liabilities 3.9 89.9 0.1 20.6 — 114.5 Stockholders’ equity 4,031.0 922.9 121.7 2,736.6 (3,791.6 ) 4,020.6 Noncontrolling interest — — 311.1 — — 311.1 Total liabilities and equity $ 5,578.5 $ 4,289.0 $ 668.6 $ 4,429.2 $ (6,287.9 ) $ 8,677.4 Condensed Consolidating Balance Sheets - KCSR Notes—(Continued) December 31, 2015 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 242.8 $ 182.7 $ 7.7 $ 359.5 $ (255.7 ) $ 537.0 Investments — 3.9 — 30.8 — 34.7 Investments in consolidated subsidiaries 3,108.4 (7.6 ) 477.6 — (3,578.4 ) — Property and equipment (including concession assets), net — 3,716.4 186.8 3,803.0 (0.8 ) 7,705.4 Other assets 1,791.1 40.5 — 19.3 (1,787.0 ) 63.9 Total assets $ 5,142.3 $ 3,935.9 $ 672.1 $ 4,212.6 $ (5,621.9 ) $ 8,341.0 Liabilities and equity: Current liabilities $ (566.9 ) $ 959.6 $ 107.8 $ 512.8 $ (255.7 ) $ 757.6 Long-term debt 1,759.8 1,259.9 0.1 812.3 (1,787.1 ) 2,045.0 Deferred income taxes 20.9 863.7 134.7 171.8 — 1,191.1 Other liabilities 3.8 94.2 0.2 24.4 — 122.6 Stockholders’ equity 3,924.7 758.5 118.9 2,691.3 (3,579.1 ) 3,914.3 Noncontrolling interest — — 310.4 — — 310.4 Total liabilities and equity $ 5,142.3 $ 3,935.9 $ 672.1 $ 4,212.6 $ (5,621.9 ) $ 8,341.0
Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows - KCSR Notes Six Months Ended June 30, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 109.4 $ 250.2 $ 0.5 $ 161.7 $ (103.3 ) $ 418.5 Investing activities: Capital expenditures — (174.6 ) (0.4 ) (83.5 ) — (258.5 ) Purchase or replacement of equipment under operating leases — (5.4 ) — — — (5.4 ) Property investments in MSLLC — — — (16.6 ) — (16.6 ) Proceeds from repayment of loans to affiliates 6,695.4 — — — (6,695.4 ) — Loans to affiliates (6,742.2 ) — — — 6,742.2 — Contribution to consolidated affiliates (97.2 ) — (0.3 ) — 97.5 — Other investing activities — (5.2 ) — 2.4 — (2.8 ) Net cash used (144.0 ) (185.2 ) (0.7 ) (97.7 ) 144.3 (283.3 ) Financing activities: Proceeds from short-term borrowings 6,498.7 243.5 — — (243.5 ) 6,498.7 Repayment of short-term borrowings (6,579.0 ) — — — — (6,579.0 ) Proceeds from issuance of long-term debt 248.7 — — — — 248.7 Dividends paid (71.6 ) — — (101.7 ) 101.7 (71.6 ) Shares repurchased (59.2 ) — — — — (59.2 ) Proceeds from loans from affiliates — 6,498.7 — — (6,498.7 ) — Repayment of loans from affiliates — (6,695.4 ) — — 6,695.4 — Contribution from affiliates — 96.7 0.3 0.6 (97.6 ) — Other financing activities (2.6 ) (1.7 ) (0.1 ) (13.1 ) 1.7 (15.8 ) Net cash provided (used) 35.0 141.8 0.2 (114.2 ) (41.0 ) 21.8 Cash and cash equivalents: Net increase (decrease) 0.4 206.8 — (50.2 ) — 157.0 At beginning of year 0.2 10.1 0.1 126.2 — 136.6 At end of period $ 0.6 $ 216.9 $ 0.1 $ 76.0 $ — $ 293.6 Condensed Consolidating Statements of Cash Flows - KCSR Notes—(Continued) Six Months Ended June 30, 2015 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 16.0 $ 112.2 $ 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 ) Proceeds from repayment of loans to affiliates 64.1 — — — (64.1 ) — Other investing activities (0.4 ) (2.3 ) (0.4 ) (15.8 ) 0.8 (18.1 ) Net cash provided (used) 63.7 (211.2 ) (1.3 ) (231.4 ) (63.3 ) (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 ) Repayment of loans from affiliates — (64.1 ) — — 64.1 — Other financing activities 8.3 — 0.4 0.4 (0.8 ) 8.3 Net cash provided (used) (79.8 ) 75.3 0.3 (320.0 ) 73.1 (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

Mexican Fuel Excise Tax Credit

Mexican Fuel Excise Tax Credit (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Mexican Fuel Excise Tax Credit [Line Items]
Benefit recognized by the Company relating to a Mexican fuel excise tax credit	$ 34	$ 0	$ 34	$ 0
Mexican Tax Authority [Member]
Mexican Fuel Excise Tax Credit [Line Items]
Benefit recognized by the Company relating to a Mexican fuel excise tax credit	$ 34

Flooding in the Southeastern 31

Flooding in the Southeastern United States (Details) $ in Millions	Jun. 30, 2016USD ($)
Natural Disasters and Other Casualty Events [Member] | Materials and Other Expense [Member]
Unusual or Infrequent Item [Line Items]
Receivable recognized by the Company for probable insurance recovery	$ 7

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, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share Reconciliation [Abstract]
Net income available to common stockholders for purposes of computing basic earnings per share	$ 120.1	$ 111.8	$ 227.8	$ 212.5
Net income available to common stockholders for purposes of computing diluted earnings per share	$ 120.1	$ 111.8	$ 227.8	$ 212.5
Weighted-Average Number of Shares Outstanding Reconciliation [Abstract]
Basic shares	107,720	110,334	107,891	110,322
Effect of dilution	187	181	203	200
Diluted shares	107,907	110,515	108,094	110,522
Earnings Per Share [Abstract]
Basic earnings per share	$ 1.12	$ 1.01	$ 2.11	$ 1.93
Diluted earnings per share	$ 1.11	$ 1.01	$ 2.11	$ 1.92
Stock Options [Member]
Potentially Dilutive Shares Excluded from the Calculation [Abstract]
Stock options excluded as their inclusion would be anti-dilutive	48	125	185	74

Property and Equipment (Inclu33

Property and Equipment (Including Concession Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	$ 10,081.2	$ 9,813.7
Accumulated depreciation and amortization	2,233.4	2,108.3
Property and equipment (including concession assets), net	7,847.8	7,705.4
Accumulated amortization	573	538
Concession assets, net of accumulated amortization	2,110.9	2,070.5
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	217.2	218.1
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	7,015	6,784.3
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	2,354.8	2,326.1
Technology and other [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	163.6	159.3
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	$ 189.4	$ 184.7

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of Company's debt	$ 2,557.3	$ 2,321.1
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	2,697.8	2,287.5
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	$ 7.3	$ 46

Derivative Instruments (Narrati

Derivative Instruments (Narrative) (Details) - Not Designated as Hedging Instrument [Member] MXN in Millions, $ in Millions	1 Months Ended		3 Months Ended
	Apr. 30, 2016MXNMXN / $	Jan. 31, 2016USD ($)	Mar. 31, 2016MXNMXN / $	Mar. 31, 2015MXNMXN / $	Jun. 30, 2016USD ($)	Apr. 30, 2016USD ($)MXN / $	Mar. 31, 2016USD ($)MXN / $	Jan. 31, 2016MXNMXN / $	Jan. 31, 2016USD ($)MXN / $	Mar. 31, 2015USD ($)MXN / $
Foreign Currency Forward Contracts [Member]
Derivative [Line Items]
Aggregate notional amount of foreign currency contracts				MXN 4,480.4			$ 400			$ 300
Maturity date of foreign currency contracts				Jan. 15, 2016
Weighted-average exchange rate of foreign currency forward contracts (in Ps. per USD)				14.93						14.93
Foreign Currency Forward Contracts [Member] | Foreign Currency Forward Contracts April 2016 Maturity [Member]
Derivative [Line Items]
Aggregate notional amount of foreign currency contracts			MXN 1,057.3				$ 60
Maturity date of foreign currency contracts			Apr. 29, 2016
Weighted-average exchange rate of foreign currency forward contracts (in Ps. per USD)			17.62				17.62
Foreign Currency Forward Contracts [Member] | Offsetting Derivative Instrument [Member]
Derivative [Line Items]
Aggregate notional amount of foreign currency contracts	MXN 1,057.3					$ 60.7		MXN 4,480.4	$ 251
Maturity date of foreign currency contracts	Apr. 29, 2016	Jan. 15, 2016
Weighted-average exchange rate of foreign currency forward contracts (in Ps. per USD)	17.41					17.41		17.85	17.85
Foreign Currency Forward Contracts [Member] | Foreign Currency Forward Contracts January 2017 Maturity [Member]
Derivative [Line Items]
Aggregate notional amount of foreign currency contracts | MXN			MXN 6,207.7
Maturity date of foreign currency contracts			Jan. 17, 2017
Weighted-average exchange rate of foreign currency forward contracts (in Ps. per USD)			18.26				18.26
Foreign Currency Zero-Cost Collar Contracts [Member]
Derivative [Line Items]
Aggregate notional amount of foreign currency contracts | $					$ 0
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
Foreign Currency Zero-Cost Collar Contracts [Member] | Zero-Cost Collar Contracts January 2016 Maturity [Member] | Foreign Exchange Loss [Member]
Derivative [Line Items]
Cash payment resulting from maturity of zero-cost collar contracts | $		$ 10.1

Derivative Instruments Fair Val

Derivative Instruments Fair Value of Derivative Instruments (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	$ 7.3	$ 46
Foreign Currency Forward Contracts [Member] | Accounts Payable and Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	7.3	39.8
Foreign Currency Zero-Cost Collar Contracts [Member] | Accounts Payable and Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	$ 0	$ 6.2

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, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	$ (18)	$ (9.3)	$ (19.7)	$ (19.4)
Foreign Currency Forward Contracts [Member] | Foreign Exchange Loss [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	(18)	(6.9)	(15.8)	(16.3)
Foreign Currency Zero-Cost Collar Contracts [Member] | Foreign Exchange Loss [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	$ 0	$ (2.4)	$ (3.9)	$ (3.1)

Short-Term Borrowings (Details)

Short-Term Borrowings (Details) - KCS [Member] - Commercial Paper [Member] - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Short-Term Borrowings [Line Items]
Amount of commercial paper outstanding	$ 0	$ 80
Weighted-average interest rate of commercial paper outstanding		1.072%

Long-Term Debt Senior Notes (De

Long-Term Debt Senior Notes (Details) - KCS [Member] - Senior Notes [Member] - 3.125% Senior Notes Due June 1, 2026 [Member] $ in Millions	May 16, 2016USD ($)
Debt Instrument [Line Items]
Principal amount of debt	$ 250
Debt instrument, maturity date	Jun. 1, 2026
Debt instrument, stated interest rate	3.125%
Debt instrument, discount	$ 1.3
Debt instrument, yield to maturity	3.185%
Redemption option senior notes, price expressed as a percent of principal amount	100.00%

Long-Term Debt Debt Exchange (D

Long-Term Debt Debt Exchange (Details) - Senior Notes [Member] - USD ($) $ in Millions	Mar. 29, 2016	Jun. 30, 2016
KCSR [Member] | 3.85% Senior Notes due 2023
Debt Conversion [Line Items]
Debt instrument, stated interest rate	3.85%
Outstanding principal amount of the Existing Notes	$ 5	$ 0.8
Principal amount of Existing Notes exchanged	$ 4.2
KCSR [Member] | 4.30% Senior Notes due 2043
Debt Conversion [Line Items]
Debt instrument, stated interest rate	4.30%
Outstanding principal amount of the Existing Notes	$ 12.4	1.3
Principal amount of Existing Notes exchanged	$ 11.1
KCSR [Member] | 4.95% Senior Notes due 2045
Debt Conversion [Line Items]
Debt instrument, stated interest rate	4.95%
Outstanding principal amount of the Existing Notes	$ 23.3	0.8
Principal amount of Existing Notes exchanged	$ 22.5
KCSM [Member] | 2.35% Senior Notes due 2020
Debt Conversion [Line Items]
Debt instrument, stated interest rate	2.35%
Outstanding principal amount of the Existing Notes	$ 35.4	$ 17.6
Principal amount of Existing Notes exchanged	$ 17.8

Equity (Details)

Equity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		14 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 4,252.1	$ 4,138.5	$ 4,224.7	$ 4,064.1
Net income	120.5	112.2	228.6	213.4
Other comprehensive loss	(0.6)	(0.2)	(0.7)	(0.6)
Dividends on common stock	(35.6)	(36.5)	(71.2)	(72.9)
Share repurchases	(8.2)	(20.6)	(59.2)	(20.6)	$ (253.4)
Options exercised and stock subscribed, net of shares withheld for employee taxes	(1.4)	(0.4)	(1.1)	1.7
Excess tax benefit from share-based compensation	(0.1)	0.8	(0.4)	4.4
Share-based compensation	5	3.7	11.1	8.1
Ending balance	4,331.7	4,197.5	4,331.7	4,197.5	4,331.7
$25 Par Preferred Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on $25 par preferred stock			(0.1)	(0.1)
Kansas City Southern Stockholders' Equity [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	3,941.4	3,829.5	3,914.3	3,755.5
Net income	120.1	111.8	227.9	212.6
Other comprehensive loss	(0.6)	(0.2)	(0.7)	(0.6)
Dividends on common stock	(35.6)	(36.5)	(71.2)	(72.9)
Share repurchases	(8.2)	(20.6)	(59.2)	(20.6)
Options exercised and stock subscribed, net of shares withheld for employee taxes	(1.4)	(0.4)	(1.1)	1.7
Excess tax benefit from share-based compensation	(0.1)	0.8	(0.4)	4.4
Share-based compensation	5	3.7	11.1	8.1
Ending balance	4,020.6	3,888.1	4,020.6	3,888.1	4,020.6
Kansas City Southern Stockholders' Equity [Member] | $25 Par Preferred Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on $25 par preferred stock			(0.1)	(0.1)
Noncontrolling Interest [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	310.7	309	310.4	308.6
Net income	0.4	0.4	0.7	0.8
Ending balance	$ 311.1	$ 309.4	$ 311.1	$ 309.4	$ 311.1

Equity (Parenthetical) (Details

Equity (Parenthetical) (Details) - $ / shares	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
$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		14 Months Ended
	May 31, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016
Equity [Abstract]
Maximum amount of share repurchase program	$ 500
Expiration date of share repurchase program	Jun. 30, 2017
Shares repurchased (shares)		85,000				2,864,596
Shares repurchased		$ 8.2	$ 20.6	$ 59.2	$ 20.6	$ 253.4
Average price of shares repurchased		$ 97.29				$ 88.46

Equity Cash Dividends on Common

Equity Cash Dividends on Common Stock (Details) - USD ($) $ / shares in Units, $ in Millions	May 06, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Class of Stock [Line Items]
Cash dividends declared per common share	$ 0.330	$ 0.330	$ 0.330	$ 0.660	$ 0.660
Aggregate amount of dividends declared		$ 35.6	$ 36.5	$ 71.2	$ 72.9

Commitments and Contingencies45

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Financial Guarantee [Member]
Loss Contingencies [Line Items]
Letter of credit outstanding, amount	$ 5.3		$ 5.3
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	$ 3.7	$ 3.9	$ 7.3	$ 7.7
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, 2016	Jun. 30, 2015
Personal Injury Liability Activity [Roll Forward]
Balance at beginning of year	$ 23.9	$ 29.3
Accruals	2.4	4.4
Change in estimate	(0.6)	(3.5)
Payments	(2)	(3.2)
Balance at end of period	$ 23.7	$ 27

Geographic Information (Informa

Geographic Information (Information by Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 568.5	$ 585.8	$ 1,131.2	$ 1,188.9
Property and equipment (including concession assets), net	7,847.8		7,847.8		$ 7,705.4
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	286.8	287.4	579.1	599.3
Property and equipment (including concession assets), net	4,774.8		4,774.8		4,642.6
MEXICO
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	281.7	$ 298.4	552.1	$ 589.6
Property and equipment (including concession assets), net	$ 3,073		$ 3,073		$ 3,062.8

Condensed Consolidating Finan48

Condensed Consolidating Financial Information (Narrative) (Details) - Senior Notes [Member] $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)
Condensed Consolidating Financial Information KCS [Member] | Floating Rate Senior Notes Due October 28, 2016 [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of the Senior Notes	$ 244.8
Maturity date on Senior Notes	Oct. 28, 2016
Condensed Consolidating Financial Information KCS [Member] | 2.35% Senior Notes Due May 15, 2020 [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of the Senior Notes	$ 257.3
Stated interest rate on Senior Notes	2.35%
Maturity date on Senior Notes	May 15, 2020
Condensed Consolidating Financial Information KCS [Member] | 3.00% Senior Notes Due May 15, 2023 [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of the Senior Notes	$ 439.1
Stated interest rate on Senior Notes	3.00%
Maturity date on Senior Notes	May 15, 2023
Condensed Consolidating Financial Information KCS [Member] | 3.85% Senior Notes Due November 15, 2023 [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of the Senior Notes	$ 199.2
Stated interest rate on Senior Notes	3.85%
Maturity date on Senior Notes	Nov. 15, 2023
Condensed Consolidating Financial Information KCS [Member] | 3.125% Senior Notes Due June 1, 2026 [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of the Senior Notes	$ 250
Stated interest rate on Senior Notes	3.125%
Maturity date on Senior Notes	Jun. 1, 2026
Condensed Consolidating Financial Information KCS [Member] | 4.30% Senior Notes Due May 15, 2043 [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of the Senior Notes	$ 448.7
Stated interest rate on Senior Notes	4.30%
Maturity date on Senior Notes	May 15, 2043
Condensed Consolidating Financial Information KCS [Member] | 4.95% Senior Notes Due August 15, 2045 [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of the Senior Notes	$ 499.2
Stated interest rate on Senior Notes	4.95%
Maturity date on Senior Notes	Aug. 15, 2045
Condensed Consolidating Financial Information KCSR [Member] | 3.85% Senior Notes Due November 15, 2023 [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of the Senior Notes	$ 0.8
Stated interest rate on Senior Notes	3.85%
Maturity date on Senior Notes	Nov. 15, 2023
Condensed Consolidating Financial Information KCSR [Member] | 4.30% Senior Notes Due May 15, 2043 [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of the Senior Notes	$ 1.3
Stated interest rate on Senior Notes	4.30%
Maturity date on Senior Notes	May 15, 2043
Condensed Consolidating Financial Information KCSR [Member] | 4.95% Senior Notes Due August 15, 2045 [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of the Senior Notes	$ 0.8
Stated interest rate on Senior Notes	4.95%
Maturity date on Senior Notes	Aug. 15, 2045

Condensed Consolidating Stateme

Condensed Consolidating Statements of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Statements of Comprehensive Income [Line Items]
Revenues	$ 568.5	$ 585.8	$ 1,131.2	$ 1,188.9
Operating expenses	348.6	399	723.4	823.9
Operating income	219.9	186.8	407.8	365
Equity in net earnings of affiliates	3	5	6.9	9.4
Interest expense	(24.4)	(17.7)	(48)	(36.3)
Foreign exchange loss	(24)	(10.5)	(27.5)	(22.1)
Other income (expense), net	(0.7)	(1.2)	(0.5)	(2)
Income before income taxes	173.8	162.4	338.7	314
Income tax expense (benefit)	53.3	50.2	110.1	100.6
Net income	120.5	112.2	228.6	213.4
Less: Net income attributable to noncontrolling interest	0.4	0.4	0.7	0.8
Net income attributable to Kansas City Southern and subsidiaries	120.1	111.8	227.9	212.6
Other comprehensive loss	(0.6)	(0.2)	(0.7)	(0.6)
Comprehensive income attributable to Kansas City Southern and subsidiaries	119.5	111.6	227.2	212
Condensed Consolidating Financial Information KCS [Member] | Consolidating Adjustments [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	(4.5)	(4.6)	(9)	(9.3)
Operating expenses	(4.5)	(4.6)	(9)	(9.3)
Operating income	0	0	0	0
Equity in net earnings of affiliates	(114.6)	(108.5)	(219.3)	(201.5)
Interest expense	32.5	11.4	63.9	23.5
Foreign exchange loss	0	0	0	0
Other income (expense), net	(32.1)	(11.4)	(63.2)	(23.5)
Income before income taxes	(114.2)	(108.5)	(218.6)	(201.5)
Income tax expense (benefit)	0	0	0	0
Net income	(114.2)	(108.5)	(218.6)	(201.5)
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kansas City Southern and subsidiaries	(114.2)	(108.5)	(218.6)	(201.5)
Other comprehensive loss	1.2	0.4	1.3	0.8
Comprehensive income attributable to Kansas City Southern and subsidiaries	(113)	(108.1)	(217.3)	(200.7)
Condensed Consolidating Financial Information KCS [Member] | Parent [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	0	0	0	0
Operating expenses	1.7	1.8	2.8	3
Operating income	(1.7)	(1.8)	(2.8)	(3)
Equity in net earnings of affiliates	113.5	107.4	217.2	199.2
Interest expense	(20.5)	(0.1)	(39.4)	(0.1)
Foreign exchange loss	0	0	0	0
Other income (expense), net	27.7	11.4	52.8	23.4
Income before income taxes	119	116.9	227.8	219.5
Income tax expense (benefit)	(1.1)	5.1	(0.1)	6.9
Net income	120.1	111.8	227.9	212.6
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kansas City Southern and subsidiaries	120.1	111.8	227.9	212.6
Other comprehensive loss	(0.6)	(0.2)	(0.7)	(0.6)
Comprehensive income attributable to Kansas City Southern and subsidiaries	119.5	111.6	227.2	212
Condensed Consolidating Financial Information KCS [Member] | Guarantor Subsidiaries [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	260.8	260.7	527.6	544.7
Operating expenses	170.5	189.8	370.4	391.6
Operating income	90.3	70.9	157.2	153.1
Equity in net earnings of affiliates	1.5	1.6	3	3.2
Interest expense	(21)	(19.5)	(42.6)	(39.7)
Foreign exchange loss	0	0	0	0
Other income (expense), net	(0.2)	(1.2)	0.1	(1.8)
Income before income taxes	70.6	51.8	117.7	114.8
Income tax expense (benefit)	27.5	19.7	46	43.8
Net income	43.1	32.1	71.7	71
Less: Net income attributable to noncontrolling interest	0.4	0.4	0.7	0.8
Net income attributable to Kansas City Southern and subsidiaries	42.7	31.7	71	70.2
Other comprehensive loss	0	0	0	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	42.7	31.7	71	70.2
Condensed Consolidating Financial Information KCS [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	312.2	329.7	612.6	653.5
Operating expenses	180.9	212	359.2	438.6
Operating income	131.3	117.7	253.4	214.9
Equity in net earnings of affiliates	2.6	4.5	6	8.5
Interest expense	(15.4)	(9.5)	(29.9)	(20)
Foreign exchange loss	(24)	(10.5)	(27.5)	(22.1)
Other income (expense), net	3.9	0	9.8	(0.1)
Income before income taxes	98.4	102.2	211.8	181.2
Income tax expense (benefit)	26.9	25.4	64.2	49.9
Net income	71.5	76.8	147.6	131.3
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kansas City Southern and subsidiaries	71.5	76.8	147.6	131.3
Other comprehensive loss	(1.2)	(0.4)	(1.3)	(0.8)
Comprehensive income attributable to Kansas City Southern and subsidiaries	70.3	76.4	146.3	130.5
Condensed Consolidating Financial Information KCSR [Member] | Consolidating Adjustments [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	(9.7)	(9.5)	(18.8)	(18.3)
Operating expenses	(9.7)	(9.5)	(18.8)	(18.3)
Operating income	0	0	0	0
Equity in net earnings of affiliates	(114.4)	(108.1)	(218.7)	(200.9)
Interest expense	32.5	11.4	63.9	23.5
Foreign exchange loss	0	0	0	0
Other income (expense), net	(32.1)	(11.4)	(63.2)	(23.5)
Income before income taxes	(114)	(108.1)	(218)	(200.9)
Income tax expense (benefit)	0	0	0	0
Net income	(114)	(108.1)	(218)	(200.9)
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kansas City Southern and subsidiaries	(114)	(108.1)	(218)	(200.9)
Other comprehensive loss	1.2	0.4	1.3	0.8
Comprehensive income attributable to Kansas City Southern and subsidiaries	(112.8)	(107.7)	(216.7)	(200.1)
Condensed Consolidating Financial Information KCSR [Member] | Parent [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	0	0	0	0
Operating expenses	1.7	1.8	2.8	3
Operating income	(1.7)	(1.8)	(2.8)	(3)
Equity in net earnings of affiliates	113.5	107.4	217.2	199.2
Interest expense	(20.5)	(0.1)	(39.4)	(0.1)
Foreign exchange loss	0	0	0	0
Other income (expense), net	27.7	11.4	52.8	23.4
Income before income taxes	119	116.9	227.8	219.5
Income tax expense (benefit)	(1.1)	5.1	(0.1)	6.9
Net income	120.1	111.8	227.9	212.6
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kansas City Southern and subsidiaries	120.1	111.8	227.9	212.6
Other comprehensive loss	(0.6)	(0.2)	(0.7)	(0.6)
Comprehensive income attributable to Kansas City Southern and subsidiaries	119.5	111.6	227.2	212
Condensed Consolidating Financial Information KCSR [Member] | KCSR [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	254.7	254.7	515.3	532.8
Operating expenses	165.9	185.3	361.5	382.5
Operating income	88.8	69.4	153.8	150.3
Equity in net earnings of affiliates	0.2	0.1	0.3	0.3
Interest expense	(21)	(19.5)	(42.6)	(39.7)
Foreign exchange loss	0	0	0	0
Other income (expense), net	(0.2)	(1.2)	0.1	(1.8)
Income before income taxes	67.8	48.8	111.6	109.1
Income tax expense (benefit)	26.5	18.7	43.6	41.8
Net income	41.3	30.1	68	67.3
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kansas City Southern and subsidiaries	41.3	30.1	68	67.3
Other comprehensive loss	0	0	0	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	41.3	30.1	68	67.3
Condensed Consolidating Financial Information KCSR [Member] | Guarantor Subsidiaries [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	11.3	10.9	22.1	20.9
Operating expenses	9.8	9.4	18.7	18.1
Operating income	1.5	1.5	3.4	2.8
Equity in net earnings of affiliates	1.1	1.1	2.1	2.3
Interest expense	0	0	0	0
Foreign exchange loss	0	0	0	0
Other income (expense), net	0	0	0	0
Income before income taxes	2.6	2.6	5.5	5.1
Income tax expense (benefit)	1	1	2.4	2
Net income	1.6	1.6	3.1	3.1
Less: Net income attributable to noncontrolling interest	0.4	0.4	0.7	0.8
Net income attributable to Kansas City Southern and subsidiaries	1.2	1.2	2.4	2.3
Other comprehensive loss	0	0	0	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	1.2	1.2	2.4	2.3
Condensed Consolidating Financial Information KCSR [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	312.2	329.7	612.6	653.5
Operating expenses	180.9	212	359.2	438.6
Operating income	131.3	117.7	253.4	214.9
Equity in net earnings of affiliates	2.6	4.5	6	8.5
Interest expense	(15.4)	(9.5)	(29.9)	(20)
Foreign exchange loss	(24)	(10.5)	(27.5)	(22.1)
Other income (expense), net	3.9	0	9.8	(0.1)
Income before income taxes	98.4	102.2	211.8	181.2
Income tax expense (benefit)	26.9	25.4	64.2	49.9
Net income	71.5	76.8	147.6	131.3
Less: Net income attributable to noncontrolling interest	0	0	0	0
Net income attributable to Kansas City Southern and subsidiaries	71.5	76.8	147.6	131.3
Other comprehensive loss	(1.2)	(0.4)	(1.3)	(0.8)
Comprehensive income attributable to Kansas City Southern and subsidiaries	$ 70.3	$ 76.4	$ 146.3	$ 130.5

Condensed Consolidating Balance

Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Assets:
Current assets	$ 723.8	$ 537
Investments	34.7	34.7
Investments in consolidated subsidiaries	0	0
Property and equipment (including concession assets), net	7,847.8	7,705.4
Other assets	71.1	63.9
Total assets	8,677.4	8,341
Liabilities and equity:
Current liabilities	680.7	757.6
Long-term debt	2,281.8	2,045
Deferred income taxes	1,268.7	1,191.1
Other liabilities	114.5	122.6
Stockholders' equity	4,020.6	3,914.3
Noncontrolling interest	311.1	310.4
Total liabilities and equity	8,677.4	8,341
Condensed Consolidating Financial Information KCS [Member] | Consolidating Adjustments [Member]
Assets:
Current assets	(495.3)	(254.8)
Investments	0	0
Investments in consolidated subsidiaries	(3,801.9)	(3,588)
Property and equipment (including concession assets), net	(0.8)	(0.8)
Other assets	(1,999.4)	(1,787.1)
Total assets	(6,297.4)	(5,630.7)
Liabilities and equity:
Current liabilities	(496.1)	(254.9)
Long-term debt	(1,999.4)	(1,787.1)
Deferred income taxes	0	0
Other liabilities	0	0
Stockholders' equity	(3,801.9)	(3,588.7)
Noncontrolling interest	0	0
Total liabilities and equity	(6,297.4)	(5,630.7)
Condensed Consolidating Financial Information KCS [Member] | Parent [Member]
Assets:
Current assets	487.7	242.8
Investments	0	0
Investments in consolidated subsidiaries	3,319.9	3,108.4
Property and equipment (including concession assets), net	0	0
Other assets	1,770.9	1,791.1
Total assets	5,578.5	5,142.3
Liabilities and equity:
Current liabilities	(550)	(566.9)
Long-term debt	2,062.7	1,759.8
Deferred income taxes	30.9	20.9
Other liabilities	3.9	3.8
Stockholders' equity	4,031	3,924.7
Noncontrolling interest	0	0
Total liabilities and equity	5,578.5	5,142.3
Condensed Consolidating Financial Information KCS [Member] | Guarantor Subsidiaries [Member]
Assets:
Current assets	410.4	189.5
Investments	3.9	3.9
Investments in consolidated subsidiaries	482	479.6
Property and equipment (including concession assets), net	4,026.2	3,903.2
Other assets	44.6	40.6
Total assets	4,967.1	4,616.8
Liabilities and equity:
Current liabilities	1,290.7	1,066.6
Long-term debt	1,178.4	1,260
Deferred income taxes	1,042	998.4
Other liabilities	90	94.4
Stockholders' equity	1,054.9	887
Noncontrolling interest	311.1	310.4
Total liabilities and equity	4,967.1	4,616.8
Condensed Consolidating Financial Information KCS [Member] | Non-Guarantor Subsidiaries [Member]
Assets:
Current assets	321	359.5
Investments	30.8	30.8
Investments in consolidated subsidiaries	0	0
Property and equipment (including concession assets), net	3,822.4	3,803
Other assets	255	19.3
Total assets	4,429.2	4,212.6
Liabilities and equity:
Current liabilities	436.1	512.8
Long-term debt	1,040.1	812.3
Deferred income taxes	195.8	171.8
Other liabilities	20.6	24.4
Stockholders' equity	2,736.6	2,691.3
Noncontrolling interest	0	0
Total liabilities and equity	4,429.2	4,212.6
Condensed Consolidating Financial Information KCSR [Member] | Consolidating Adjustments [Member]
Assets:
Current assets	(496.1)	(255.7)
Investments	0	0
Investments in consolidated subsidiaries	(3,791.7)	(3,578.4)
Property and equipment (including concession assets), net	(0.8)	(0.8)
Other assets	(1,999.3)	(1,787)
Total assets	(6,287.9)	(5,621.9)
Liabilities and equity:
Current liabilities	(496.9)	(255.7)
Long-term debt	(1,999.4)	(1,787.1)
Deferred income taxes	0	0
Other liabilities	0	0
Stockholders' equity	(3,791.6)	(3,579.1)
Noncontrolling interest	0	0
Total liabilities and equity	(6,287.9)	(5,621.9)
Condensed Consolidating Financial Information KCSR [Member] | Parent [Member]
Assets:
Current assets	487.7	242.8
Investments	0	0
Investments in consolidated subsidiaries	3,319.9	3,108.4
Property and equipment (including concession assets), net	0	0
Other assets	1,770.9	1,791.1
Total assets	5,578.5	5,142.3
Liabilities and equity:
Current liabilities	(550)	(566.9)
Long-term debt	2,062.7	1,759.8
Deferred income taxes	30.9	20.9
Other liabilities	3.9	3.8
Stockholders' equity	4,031	3,924.7
Noncontrolling interest	0	0
Total liabilities and equity	5,578.5	5,142.3
Condensed Consolidating Financial Information KCSR [Member] | KCSR [Member]
Assets:
Current assets	405.7	182.7
Investments	3.9	3.9
Investments in consolidated subsidiaries	(8.2)	(7.6)
Property and equipment (including concession assets), net	3,843.1	3,716.4
Other assets	44.5	40.5
Total assets	4,289	3,935.9
Liabilities and equity:
Current liabilities	1,192.9	959.6
Long-term debt	1,178.3	1,259.9
Deferred income taxes	905	863.7
Other liabilities	89.9	94.2
Stockholders' equity	922.9	758.5
Noncontrolling interest	0	0
Total liabilities and equity	4,289	3,935.9
Condensed Consolidating Financial Information KCSR [Member] | Guarantor Subsidiaries [Member]
Assets:
Current assets	5.5	7.7
Investments	0	0
Investments in consolidated subsidiaries	480	477.6
Property and equipment (including concession assets), net	183.1	186.8
Other assets	0	0
Total assets	668.6	672.1
Liabilities and equity:
Current liabilities	98.6	107.8
Long-term debt	0.1	0.1
Deferred income taxes	137	134.7
Other liabilities	0.1	0.2
Stockholders' equity	121.7	118.9
Noncontrolling interest	311.1	310.4
Total liabilities and equity	668.6	672.1
Condensed Consolidating Financial Information KCSR [Member] | Non-Guarantor Subsidiaries [Member]
Assets:
Current assets	321	359.5
Investments	30.8	30.8
Investments in consolidated subsidiaries	0	0
Property and equipment (including concession assets), net	3,822.4	3,803
Other assets	255	19.3
Total assets	4,429.2	4,212.6
Liabilities and equity:
Current liabilities	436.1	512.8
Long-term debt	1,040.1	812.3
Deferred income taxes	195.8	171.8
Other liabilities	20.6	24.4
Stockholders' equity	2,736.6	2,691.3
Noncontrolling interest	0	0
Total liabilities and equity	$ 4,429.2	$ 4,212.6

Condensed Consolidating State51

Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating activities:
Net cash provided	$ 418.5	$ 397.5
Investing activities:
Capital expenditures	(258.5)	(360.2)
Purchase or replacement of equipment under operating leases	(5.4)	(61.3)
Property investments in MSLLC	(16.6)	(3.9)
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0
Contribution to consolidated affiliates	0
Other investing activities	(2.8)	(18.1)
Net cash used for investing activities	(283.3)	(443.5)
Financing activities:
Proceeds from short-term borrowings	6,498.7	8,409.6
Repayment of short-term borrowings	(6,579)	(8,568.6)
Proceeds from issuance of long-term debt	248.7	40
Repayment of long-term debt	(13)	(52.3)
Dividends paid	(71.6)	(67.5)
Shares repurchased	(59.2)	(20.6)
Proceeds from loans from affiliates	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0
Other financing activities	(15.8)	8.3
Net cash provided by (used for) financing activities	21.8	(251.1)
Cash and cash equivalents:
Net increase (decrease) during each period	157	(297.1)
At beginning of year	136.6	348
At end of period	293.6	50.9
Condensed Consolidating Financial Information KCS [Member] | Consolidating Adjustments [Member]
Operating activities:
Net cash provided	(103.4)	(9.8)
Investing activities:
Capital expenditures	0	0
Purchase or replacement of equipment under operating leases	0	0
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	(6,695.4)	(64.1)
Loans to affiliates	6,742.2
Contribution to consolidated affiliates	97.5
Other investing activities	0	0.8
Net cash used for investing activities	144.3	(63.3)
Financing activities:
Proceeds from short-term borrowings	(243.5)	0
Repayment of short-term borrowings	0	0
Proceeds from issuance of long-term debt	0	0
Repayment of long-term debt		0
Dividends paid	101.7	9.8
Shares repurchased	0	0
Proceeds from loans from affiliates	(6,498.7)
Repayment of loans from affiliates	6,695.4	64.1
Contribution from affiliates	(97.5)
Other financing activities	1.7	(0.8)
Net cash provided by (used for) financing activities	(40.9)	73.1
Cash and cash equivalents:
Net increase (decrease) during each period	0	0
At beginning of year	0	0
At end of period	0	0
Condensed Consolidating Financial Information KCS [Member] | Parent [Member]
Operating activities:
Net cash provided	109.4	16
Investing activities:
Capital expenditures	0	0
Purchase or replacement of equipment under operating leases	0	0
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	6,695.4	64.1
Loans to affiliates	(6,742.2)
Contribution to consolidated affiliates	(97.2)
Other investing activities	0	(0.4)
Net cash used for investing activities	(144)	63.7
Financing activities:
Proceeds from short-term borrowings	6,498.7	0
Repayment of short-term borrowings	(6,579)	0
Proceeds from issuance of long-term debt	248.7	0
Repayment of long-term debt		0
Dividends paid	(71.6)	(67.5)
Shares repurchased	(59.2)	(20.6)
Proceeds from loans from affiliates	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0
Other financing activities	(2.6)	8.3
Net cash provided by (used for) financing activities	35	(79.8)
Cash and cash equivalents:
Net increase (decrease) during each period	0.4	(0.1)
At beginning of year	0.2	0.2
At end of period	0.6	0.1
Condensed Consolidating Financial Information KCS [Member] | Guarantor Subsidiaries [Member]
Operating activities:
Net cash provided	250.8	112.8
Investing activities:
Capital expenditures	(175)	(209.8)
Purchase or replacement of equipment under operating leases	(5.4)	0
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0
Contribution to consolidated affiliates	(0.3)
Other investing activities	(5.2)	(2.7)
Net cash used for investing activities	(185.9)	(212.5)
Financing activities:
Proceeds from short-term borrowings	243.5	8,409.6
Repayment of short-term borrowings	0	(8,268.6)
Proceeds from issuance of long-term debt	0	0
Repayment of long-term debt		(1.7)
Dividends paid	0	0
Shares repurchased	0	0
Proceeds from loans from affiliates	6,498.7
Repayment of loans from affiliates	(6,695.4)	(64.1)
Contribution from affiliates	96.9
Other financing activities	(1.8)	0.4
Net cash provided by (used for) financing activities	141.9	75.6
Cash and cash equivalents:
Net increase (decrease) during each period	206.8	(24.1)
At beginning of year	10.2	29.5
At end of period	217	5.4
Condensed Consolidating Financial Information KCS [Member] | Non-Guarantor Subsidiaries [Member]
Operating activities:
Net cash provided	161.7	278.5
Investing activities:
Capital expenditures	(83.5)	(150.4)
Purchase or replacement of equipment under operating leases	0	(61.3)
Property investments in MSLLC	(16.6)	(3.9)
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0
Contribution to consolidated affiliates	0
Other investing activities	2.4	(15.8)
Net cash used for investing activities	(97.7)	(231.4)
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	0	(300)
Proceeds from issuance of long-term debt	0	40
Repayment of long-term debt		(50.6)
Dividends paid	(101.7)	(9.8)
Shares repurchased	0	0
Proceeds from loans from affiliates	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0.6
Other financing activities	(13.1)	0.4
Net cash provided by (used for) financing activities	(114.2)	(320)
Cash and cash equivalents:
Net increase (decrease) during each period	(50.2)	(272.9)
At beginning of year	126.2	318.3
At end of period	76	45.4
Condensed Consolidating Financial Information KCSR [Member] | Consolidating Adjustments [Member]
Operating activities:
Net cash provided	(103.3)	(9.8)
Investing activities:
Capital expenditures	0	0
Purchase or replacement of equipment under operating leases	0	0
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	(6,695.4)	(64.1)
Loans to affiliates	6,742.2
Contribution to consolidated affiliates	97.5
Other investing activities	0	0.8
Net cash used for investing activities	144.3	(63.3)
Financing activities:
Proceeds from short-term borrowings	(243.5)	0
Repayment of short-term borrowings	0	0
Proceeds from issuance of long-term debt	0	0
Repayment of long-term debt		0
Dividends paid	101.7	9.8
Shares repurchased	0	0
Proceeds from loans from affiliates	(6,498.7)
Repayment of loans from affiliates	6,695.4	64.1
Contribution from affiliates	(97.6)
Other financing activities	1.7	(0.8)
Net cash provided by (used for) financing activities	(41)	73.1
Cash and cash equivalents:
Net increase (decrease) during each period	0	0
At beginning of year	0	0
At end of period	0	0
Condensed Consolidating Financial Information KCSR [Member] | Parent [Member]
Operating activities:
Net cash provided	109.4	16
Investing activities:
Capital expenditures	0	0
Purchase or replacement of equipment under operating leases	0	0
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	6,695.4	64.1
Loans to affiliates	(6,742.2)
Contribution to consolidated affiliates	(97.2)
Other investing activities	0	(0.4)
Net cash used for investing activities	(144)	63.7
Financing activities:
Proceeds from short-term borrowings	6,498.7	0
Repayment of short-term borrowings	(6,579)	0
Proceeds from issuance of long-term debt	248.7	0
Repayment of long-term debt		0
Dividends paid	(71.6)	(67.5)
Shares repurchased	(59.2)	(20.6)
Proceeds from loans from affiliates	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0
Other financing activities	(2.6)	8.3
Net cash provided by (used for) financing activities	35	(79.8)
Cash and cash equivalents:
Net increase (decrease) during each period	0.4	(0.1)
At beginning of year	0.2	0.2
At end of period	0.6	0.1
Condensed Consolidating Financial Information KCSR [Member] | KCSR [Member]
Operating activities:
Net cash provided	250.2	112.2
Investing activities:
Capital expenditures	(174.6)	(208.9)
Purchase or replacement of equipment under operating leases	(5.4)	0
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0
Contribution to consolidated affiliates	0
Other investing activities	(5.2)	(2.3)
Net cash used for investing activities	(185.2)	(211.2)
Financing activities:
Proceeds from short-term borrowings	243.5	8,409.6
Repayment of short-term borrowings	0	(8,268.6)
Proceeds from issuance of long-term debt	0	0
Repayment of long-term debt		(1.6)
Dividends paid	0	0
Shares repurchased	0	0
Proceeds from loans from affiliates	6,498.7
Repayment of loans from affiliates	(6,695.4)	(64.1)
Contribution from affiliates	96.7
Other financing activities	(1.7)	0
Net cash provided by (used for) financing activities	141.8	75.3
Cash and cash equivalents:
Net increase (decrease) during each period	206.8	(23.7)
At beginning of year	10.1	29
At end of period	216.9	5.3
Condensed Consolidating Financial Information KCSR [Member] | Guarantor Subsidiaries [Member]
Operating activities:
Net cash provided	0.5	0.6
Investing activities:
Capital expenditures	(0.4)	(0.9)
Purchase or replacement of equipment under operating leases	0	0
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0
Contribution to consolidated affiliates	(0.3)
Other investing activities	0	(0.4)
Net cash used for investing activities	(0.7)	(1.3)
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)
Dividends paid	0	0
Shares repurchased	0	0
Proceeds from loans from affiliates	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0.3
Other financing activities	(0.1)	0.4
Net cash provided by (used for) financing activities	0.2	0.3
Cash and cash equivalents:
Net increase (decrease) during each period	0	(0.4)
At beginning of year	0.1	0.5
At end of period	0.1	0.1
Condensed Consolidating Financial Information KCSR [Member] | Non-Guarantor Subsidiaries [Member]
Operating activities:
Net cash provided	161.7	278.5
Investing activities:
Capital expenditures	(83.5)	(150.4)
Purchase or replacement of equipment under operating leases	0	(61.3)
Property investments in MSLLC	(16.6)	(3.9)
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0
Contribution to consolidated affiliates	0
Other investing activities	2.4	(15.8)
Net cash used for investing activities	(97.7)	(231.4)
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	0	(300)
Proceeds from issuance of long-term debt	0	40
Repayment of long-term debt		(50.6)
Dividends paid	(101.7)	(9.8)
Shares repurchased	0	0
Proceeds from loans from affiliates	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0.6
Other financing activities	(13.1)	0.4
Net cash provided by (used for) financing activities	(114.2)	(320)
Cash and cash equivalents:
Net increase (decrease) during each period	(50.2)	(272.9)
At beginning of year	126.2	318.3
At end of period	$ 76	$ 45.4