Kansas City Southern (KSU) 10-Q 21 Apr 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 14, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
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		106,083,719

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues	$ 609.5	$ 562.7
Operating expenses:
Compensation and benefits	117.4	110.1
Purchased services	48.8	50.9
Fuel	75.4	56.8
Mexican fuel excise tax credit	(11.7)	0
Equipment costs	31.2	26.7
Depreciation and amortization	79.3	74.3
Materials and other	58.4	56
Total operating expenses	398.8	374.8
Operating income	210.7	187.9
Equity in net earnings of affiliates	4	3.9
Interest expense	(24.7)	(23.6)
Foreign exchange gain (loss)	46.8	(3.5)
Other income, net	1.1	0.2
Income before income taxes	237.9	164.9
Income tax expense	91	56.8
Net income	146.9	108.1
Less: Net income attributable to noncontrolling interest	0.3	0.3
Net income attributable to Kansas City Southern and subsidiaries	146.6	107.8
Preferred stock dividends	0.1	0.1
Net income available to common stockholders	$ 146.5	$ 107.7
Earnings per share:
Basic earnings per share	$ 1.38	$ 1
Diluted earnings per share	$ 1.38	$ 0.99
Average shares outstanding (in thousands):
Basic	106,111	108,057
Potentially dilutive common shares	215	218
Diluted	106,326	108,275

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net income	$ 146.9	$ 108.1
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax of $0.5 million and $(0.1) million, respectively	0.8	(0.1)
Other comprehensive income (loss)	0.8	(0.1)
Comprehensive income	147.7	108
Less: Comprehensive income attributable to noncontrolling interest	0.3	0.3
Comprehensive income attributable to Kansas City Southern and subsidiaries	$ 147.4	$ 107.7

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Tax effect on foreign currency translation adjustments	$ 0.5	$ (0.1)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 123.1	$ 170.6
Accounts receivable, net	208.5	191
Materials and supplies	154.9	152.6
Other current assets	146.5	133.8
Total current assets	633	648
Investments	38	32.9
Property and equipment (including concession assets), net	8,132.5	8,069.7
Other assets	74.7	66.9
Total assets	8,878.2	8,817.5
Current liabilities:
Long-term debt due within one year	27.5	25.4
Short-term borrowings	264.9	181.3
Accounts payable and accrued liabilities	415.8	537.7
Total current liabilities	708.2	744.4
Long-term debt	2,263.6	2,271.5
Deferred income taxes	1,331.7	1,289.3
Other noncurrent liabilities and deferred credits	105.8	107.8
Total liabilities	4,409.3	4,413
Stockholders' equity:
$.01 par, common stock, 400,000,000 shares authorized; 123,352,185 shares issued; 106,080,878 and 106,606,619 shares outstanding at March 31, 2017 and December 31, 2016, respectively	1.1	1.1
Additional paid-in capital	955.3	954.8
Retained earnings	3,196.9	3,134.1
Accumulated other comprehensive loss	(5.4)	(6.2)
Total stockholders’ equity	4,154	4,089.9
Noncontrolling interest	314.9	314.6
Total equity	4,468.9	4,404.5
Total liabilities and equity	8,878.2	8,817.5
$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	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
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	106,080,878	106,606,619
$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	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating activities:
Net income	$ 146.9	$ 108.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	79.3	74.3
Deferred income taxes	44.3	36.7
Equity in net earnings of affiliates	(4)	(3.9)
Share-based compensation	4.8	6.1
Settlement of foreign currency derivative instruments	(49.5)	(59.1)
(Gain) loss on foreign currency derivative instruments	(33.9)	1.7
Mexican fuel excise tax credit	(11.7)	0
Changes in working capital items:
Accounts receivable	(16.1)	(2.1)
Materials and supplies	(2.6)	(3.8)
Other current assets	(5.3)	7.8
Accounts payable and accrued liabilities	(9.8)	1.6
Other, net	(12.8)	(7.4)
Net cash provided by operating activities	129.6	160
Investing activities:
Capital expenditures	(160.1)	(122.1)
Purchase or replacement of equipment under operating leases	0	(4.6)
Property investments in MSLLC	(4.2)	(6.6)
Proceeds from disposal of property	4.7	1.2
Other, net	(2.8)	(4.4)
Net cash used for investing activities	(162.4)	(136.5)
Financing activities:
Proceeds from short-term borrowings	2,747.8	4,194.8
Repayment of short-term borrowings	(2,664.9)	(4,221)
Repayment of long-term debt	(6.7)	(7.7)
Dividends paid	(35.2)	(35.8)
Shares repurchased	(55.7)	(51)
Debt costs	0	(0.2)
Net cash used for financing activities	(14.7)	(120.9)
Cash and cash equivalents:
Net decrease during each period	(47.5)	(97.4)
At beginning of year	170.6	136.6
At end of period	$ 123.1	$ 39.2

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
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, 2016 . The results of operations for the three months ended March 31, 2017 , are not necessarily indicative of the results to be expected for the full year ending December 31, 2017 . Certain prior year amounts have been reclassified to conform to the current year presentation. During the first quarter of 2017, the Company adopted ASU 2016-09, Improvements to Employee Share-Based Payment Accounting . The Company now recognizes forfeitures as they occur rather than estimating a forfeiture rate for the year. Excess tax benefits or deficiencies resulting from the exercise or vesting of awards are included in income tax expense in the reporting period in which they occur. Upon adoption, the Company recognized a cumulative-effect adjustment to equity at the beginning of 2017, as disclosed in Note 9 - Equity.

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
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 the Company plans to adopt the accounting standard using the modified retrospective transition approach. The modified retrospective transition approach will recognize any changes from the beginning of the year of initial application through retained earnings with no restatement of comparative periods. The Company has substantially completed a review of the likely impacts of the application of the new standard to its existing portfolio of customer contracts. Under the new standard, the Company will continue to recognize freight revenue proportionally as a shipment moves from origin to destination. Furthermore, the Company will be required to assess variable consideration included in its contracts and make judgments and estimates throughout the applicable periods. Based on the Company’s review, the adoption of this guidance is not expected to have a significant impact on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases , which requires lessees to recognize for all leases a right-to-use asset and a lease obligation in the Consolidated Balance Sheet. Expenses are recognized in the Consolidated Statement of Income in a manner similar to current accounting guidance. 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. The Company anticipates that the adoption of the standard will have a significant impact to its Consolidated Balance Sheet as it will result in recording virtually all operating leases as a right-to-use asset and lease obligation; however, the Company is continuing to evaluate the impacts the adoption of this accounting guidance will have on the consolidated financial statements.

Mexican Fuel Excise Tax Credit

Mexican Fuel Excise Tax Credit	3 Months Ended
	Mar. 31, 2017
Mexican Fuel Excise Tax Credit [Abstract]
Mexican Fuel Excise Tax Credit	Mexican Fuel Excise Tax Credit Fuel purchases made in Mexico are subject to an excise tax that is included in the price of fuel. In the second quarter of 2016, the Company determined it was eligible and could utilize a credit for the excise tax included in the price of fuel that is purchased and consumed in locomotives and certain work equipment in Mexico. The Mexican fuel excise tax credit is realized through the offset of the total annual 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.

Earnings Per Share Data

Earnings Per Share Data	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 2016 Net income available to common stockholders for purposes of computing basic and diluted earnings per share $ 146.5 $ 107.7 Weighted-average number of shares outstanding ( in thousands ): Basic shares 106,111 108,057 Effect of dilution 215 218 Diluted shares 106,326 108,275 Earnings per share: Basic earnings per share $ 1.38 $ 1.00 Diluted earnings per share $ 1.38 $ 0.99 Potentially dilutive shares excluded from the calculation (in thousands): Stock options excluded as their inclusion would be anti-dilutive 261 185

Property and Equipment (includi

Property and Equipment (including Concession Assets)	3 Months Ended
	Mar. 31, 2017
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) : March 31, December 31, Land $ 218.7 $ 219.2 Concession land rights 141.2 141.2 Road property 7,287.8 7,186.0 Equipment 2,456.0 2,439.8 Technology and other 189.0 182.2 Construction in progress 312.6 293.4 Total property 10,605.3 10,461.8 Accumulated depreciation and amortization 2,472.8 2,392.1 Property and equipment (including concession assets), net $ 8,132.5 $ 8,069.7 Concession assets, net of accumulated amortization of $629.2 million and $610.7 million , totaled $2,135.5 million and $2,131.6 million at March 31, 2017 and December 31, 2016 , respectively.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2017
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 an asset of $42.3 million and a liability of $41.1 million at March 31, 2017 and December 31, 2016 , 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 $2,245.6 million and $2,303.8 million at March 31, 2017 and December 31, 2016 , respectively. The carrying value was $2,291.1 million and $2,296.9 million at March 31, 2017 and December 31, 2016 , 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	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 , 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 hedges its exposure to this cash tax risk by entering into foreign currency forward contracts and foreign currency option contracts known as zero-cost collars. The foreign currency forward contracts involve the Company’s purchase of pesos at an agreed-upon weighted-average exchange rate to each U.S dollar. The zero-cost collars involve the Company’s purchase of a Mexican peso call option and a simultaneous sale of a Mexican peso put option, with equivalent U.S. dollar notional amounts for each option and no net cash premium paid by the Company. Below is a summary of the Company’s 2017 and 2016 foreign currency derivative contracts (amounts in millions, except Ps./USD) : Foreign currency forward contracts Contracts to purchase Ps./pay USD Offsetting contracts to sell Ps./receive USD Notional amount Notional amount Weighted-average exchange rate (in Ps./USD) Maturity date Notional amount Notional amount Weighted-average exchange rate (in Ps./USD) Maturity date Cash received/(paid) on settlement 2016 contracts and 2017 offsetting contracts settled $ 340.0 Ps. 6,207.7 Ps. 18.3 1/17/2017 $ 287.0 Ps. 6,207.7 Ps. 21.6 1/17/2017 $ (53.0 ) 2016 contracts and 2016 offsetting contracts settled $ 60.0 Ps. 1,057.3 Ps. 17.6 4/29/2016 $ 60.7 Ps. 1,057.3 Ps. 17.4 4/29/2016 $ 0.7 2015 contracts and 2016 offsetting contracts settled $ 300.0 Ps. 4,480.4 Ps. 14.9 1/15/2016 $ 251.0 Ps. 4,480.4 Ps. 17.9 1/15/2016 $ (49.0 ) Foreign currency zero-cost collar contracts Notional amount Maturity date Weighted-average call rate outstanding options (in Ps./USD) Weighted-average put rate outstanding options (in Ps./USD) Cash received/(paid) on settlement 2017 contracts $ 195.0 4/25/2017 Ps. 21.3 Ps. 21.9 $ — 2017 contracts $ 250.0 1/16/2018 Ps. 21.6 Ps. 24.8 $ 3.5 (i) 2015 contracts settled in 2016 $ 80.0 1/15/2016 — — $ (10.1 ) (i) During February 2017, the Company settled $115.0 million of the 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 gain (loss) within the consolidated statements of income. The following tables present the fair value of derivative instruments included in the consolidated balance sheets ( in millions ): Derivative Assets Balance Sheet Location March 31, December 31, 2016 Derivatives not designated as hedging instruments: Foreign currency zero-cost collar contracts Other current assets $ 42.3 $ — Total derivative assets $ 42.3 $ — Derivative Liabilities Balance Sheet Location March 31, December 31, 2016 Derivatives not designated as hedging instruments: Foreign currency forward contracts Accounts payable and accrued liabilities $ — $ 41.1 Total derivative liabilities $ — $ 41.1 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 March 31, 2017 2016 Derivatives not designated as hedging instruments: Foreign currency forward contracts Foreign exchange gain (loss) $ (11.9 ) $ 2.2 Foreign currency zero-cost collar contracts Foreign exchange gain (loss) 45.8 (3.9 ) Total $ 33.9 $ (1.7 )

Short-Term Borrowings

Short-Term Borrowings	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 , KCS had $264.9 million commercial paper outstanding, net of $0.1 million discount, at a weighted-average interest rate of 1.406% . As of December 31, 2016 , KCS had $181.3 million of commercial paper outstanding, net of $0.1 million discount, at a weighted-average interest rate of 1.290% .

Equity

Equity	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Equity	Equity The following tables summarize the changes in equity ( in millions): Three Months Ended March 31, 2017 Three Months Ended March 31, 2016 Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Beginning balance $ 4,089.9 $ 314.6 $ 4,404.5 $ 3,914.3 $ 310.4 $ 4,224.7 Cumulative-effect adjustment (i) 2.5 — 2.5 — — — Net income 146.6 0.3 146.9 107.8 0.3 108.1 Other comprehensive income (loss) 0.8 — 0.8 (0.1 ) — (0.1 ) Dividends on common stock (35.0 ) — (35.0 ) (35.6 ) — (35.6 ) Dividends on $25 par preferred stock (0.1 ) — (0.1 ) (0.1 ) — (0.1 ) Share repurchases (55.7 ) — (55.7 ) (51.0 ) — (51.0 ) Options exercised and stock subscribed, net of shares withheld for employee taxes 0.2 — 0.2 0.3 — 0.3 Excess tax benefit from share-based compensation — — — (0.3 ) — (0.3 ) Share-based compensation 4.8 — 4.8 6.1 — 6.1 Ending balance $ 4,154.0 $ 314.9 $ 4,468.9 $ 3,941.4 $ 310.7 $ 4,252.1 (i) The company recognized a $2.5 million net cumulative-effect adjustment to equity as of January 1, 2017, due to the adoption of ASU 2016-09, Improvements to Employee Share-Based Payment Accounting . For additional discussion, see Note 1 - Basis of Presentation. 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. During the three months ended March 31, 2017 , KCS repurchased 639,000 shares of common stock for $55.7 million at an average price of $87.15 per share. Since inception of this program, KCS has repurchased 4,900,596 shares of common stock for $435.3 million at an average price of $88.82 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 January 26, 2017 , the Company’s Board of Directors declared a cash dividend of $0.330 per share payable on April 5, 2017 , to common stockholders of record as of March 13, 2017 . The aggregate amount of the dividend declared was $35.0 million . The following table presents the amount of cash dividends declared per common share by the Company’s Board of Directors: Three Months Ended March 31, 2017 2016 Cash dividends declared per common share $ 0.330 $ 0.330

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
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 annual concession duty expense of 1.25% of gross revenues. For the three months ended March 31, 2017 , the concession duty expense, which is recorded within Materials and other in operating expenses, was $4.2 million , compared to $3.6 million for the same period in 2016 . Litigation. The Company is a party to various legal proceedings and administrative actions, all of which, except as set forth below, are of an ordinary, routine nature and incidental to its operations. Included in these proceedings are various tort claims brought by current and former employees for job-related injuries and by third parties for injuries related to railroad operations. KCS aggressively defends these matters and has established liability provisions, which management believes are adequate to cover expected costs. Although it is not possible to predict with certainty the outcome of any legal proceeding, in the opinion of management, other than those proceedings described in detail below, such proceedings and actions should not, individually, or in the aggregate, have a material adverse effect on the Company’s consolidated financial statements. 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 laws 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 March 31, 2017 , was based on an updated actuarial study of personal injury claims through November 30, 2016, and review of the last four months’ experience. The personal injury liability activity was as follows (in millions) : Three Months Ended March 31, 2017 2016 Balance at beginning of year $ 23.8 $ 23.9 Accruals 1.2 1.2 Payments (1.8 ) (0.7 ) Balance at end of period $ 23.2 $ 24.4 Tax Contingencies . Tax returns filed in the U.S. for periods after 2012 and in Mexico for periods after 2008 for KCSM and after 2010 for Mexico subsidiaries other than KCSM remain open to examination by the taxing authorities. The Servicio de Administración Tributaria (the “SAT”), the Mexican equivalent of the IRS, is currently examining the KCSM 2011 Mexico tax return and the KCSM Servicios 2013 Mexico tax return. The Company received audit assessments from the SAT for the KCSM 2009 and 2010 Mexico tax returns during the first quarter of 2017. The Company commenced administrative actions with the SAT and if these assessments are not nullified, the matters will be litigated. The Company believes that it has strong legal arguments in its favor and it is more likely than not that it will prevail in any challenge of the assessments. However, an unexpected adverse resolution could have a material effect on the consolidated financial statements in a particular quarter or fiscal year. The Company litigated a Value Added Tax (“VAT”) audit assessment from the SAT for KCSM for the year ended December 31, 2005. In November 2016, KCSM was notified of a resolution by the Mexican tax court annulling this assessment. The SAT has appealed this resolution. The Company believes it is more likely than not that it will continue to prevail in this matter. 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 not subject to 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. In December 2016, KCSM was notified of a resolution issued by the Mexican tax court confirming the 2008 Ruling. The SAT has appealed this resolution. The Company believes it is more likely than not that it will continue to prevail in this matter. As of the date of this filing, the SAT has not implemented any new criteria regarding this assessment of VAT on international import transportation services. 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 March 31, 2017 . Panama Canal Railway Company (“PCRC”) Guarantees and Indemnities. At March 31, 2017 , the Company had issued and outstanding $5.5 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. Mexican Antitrust Review. Pursuant to the 2014 Mexican Antitrust Law, on September 12, 2016, the Mexican government’s antitrust commission (Comisión Federal de Competencia Económica or “COFECE”), announced that it would review competitive conditions in the Mexican railroad industry, with respect to the existence of effective competition in the provision of interconnection services, trackage rights and switching rights used to render public freight transport in Mexico. The COFECE review includes the entire freight rail transportation market in Mexico and is not targeted to any single rail carrier. On March 15, 2017, the COFECE published an executive summary of its preliminary report in the Diario Oficial de la Federación. The COFECE’s preliminary report concluded that there was a lack of effective competition in the market for trackage rights (“Relevant Market”) throughout the entire networks of Kansas City Southern de Mexico, S.A. de C.V. (“KCSM”), Ferrocarril Mexicano, S.A. de C.V. (“Ferromex”), Ferrosur, S.A. de C.V. (“Ferrosur”), and Terminal of the Valley of Mexico, S.A. de C.V. (“Ferrovalle). The Company disagrees with the COFECE’s reasoning and preliminary conclusions, and responded on April 20, 2017 with its evidence and arguments to support its position, as provided in the Mexican antitrust law. The Company’s response argues that the investigation which supports the conclusions in the preliminary report was conducted contrary to the rule of law, the rules of procedure, and relied upon faulty economic analysis. The COFECE has an additional term of up to 110 business days beginning April 21, 2017 to issue a final report in connection with effective competition conditions in the Relevant Market. It is too early to determine what, if any, impact this review may have on Mexican rail operations in the future. If the COFECE’s final report determines there is a lack of effective competition, it could request the new Mexican Agencia Reguladora del Transporte Ferroviario (“Regulatory Agency of Rail Transportation” or “ARTF”), which has primary regulatory jurisdiction over the Company’s Mexican operations, to conduct proceedings to determine whether to establish new limited mandatory trackage rights and/or rate regulation under the Amendments to the Mexican Regulatory Railroad Service Law. U.S. Surface Transportation Board. On July 27, 2016, the Surface Transportation Board issued a Notice of Proposed Rulemaking in Ex Parte 711 (Sub-No.1) Reciprocal Switching proposing rules related to reciprocal switching. Initial comments on the proposed rule were due by October 26, 2016, and replies to the initial comments were due by January 13, 2017. On December 27, 2016, the agency suspended the procedural deadline following submission of reply comments pending anticipated changes in the agency’s membership. Until the rule has been finalized, KCS cannot determine what effect, if any, the rule will have on its business.

Geographic Information

Geographic Information	3 Months Ended
	Mar. 31, 2017
Segment Reporting [Abstract]
Geographic Information	Geographic Information The Company strategically manages its rail operations as one reportable business segment over a single coordinated rail network that extends from the Midwest and Southeast portions of the United States south into Mexico and connects with other Class I railroads. Financial information reported at this level, such as revenues, operating income and cash flows from operations, is used by corporate management, including the Company’s chief operating decision-maker, in evaluating overall financial and operational performance, market strategies, as well as the decisions to allocate capital resources. The Company’s chief operating decision-maker is the chief executive officer. The following tables provide information by geographic area (in millions) : Three Months Ended March 31, Revenues 2017 2016 U.S. $ 321.2 $ 292.3 Mexico 288.3 270.4 Total revenues $ 609.5 $ 562.7 Property and equipment (including concession assets), net March 31, December 31, U.S. $ 5,020.4 $ 4,960.6 Mexico 3,112.1 3,109.1 Total property and equipment (including concession assets), net $ 8,132.5 $ 8,069.7

Subsequent Event

Subsequent Event	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event Foreign Currency Hedging As of March 31, 2017, the Company had outstanding foreign currency option contracts known as zero-cost collars with an aggregate notional amount of $330.0 million . On April 20, 2017, the Company settled $20.0 million of its foreign currency zero-cost collar contracts with an expiration date of April 25, 2017, resulting in a gain of $3.2 million . During April 2017, the Company entered into foreign currency zero-cost collar contracts with an aggregate notional amount of $25.0 million to hedge its exposure to fluctuations in the Mexican cash tax obligation due to changes in the value of the Mexican peso against the U.S. dollar. The zero-cost collar contracts with an aggregate notional amount of $20.0 million and $5.0 million will expire on July 27, 2017 and January 18, 2018 , respectively. The zero-cost collar contracts have a weighted-average rate of Ps.18.86 to each U.S. dollar for the Mexican peso call options purchased by KCS and a weighted-average rate of Ps.19.73 to each U.S. dollar for the Mexican peso put options sold by KCS. The Company has not designated these foreign currency derivative instruments as hedging instruments for accounting purposes. The Company will measure the foreign currency derivative instruments at fair value each period and will recognize any change in fair value in foreign exchange gain (loss) within the consolidated statements of comprehensive income.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	3 Months Ended
	Mar. 31, 2017
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. As of March 31, 2017 , KCS had outstanding $2,093.5 million senior notes due through 2045 . The senior notes 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. 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 March 31, 2017 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 295.2 $ 318.6 $ (4.3 ) $ 609.5 Operating expenses 1.1 217.5 184.5 (4.3 ) 398.8 Operating income (loss) (1.1 ) 77.7 134.1 — 210.7 Equity in net earnings of affiliates 146.1 1.3 3.5 (146.9 ) 4.0 Interest expense (20.6 ) (18.7 ) (9.1 ) 23.7 (24.7 ) Foreign exchange gain — — 46.8 — 46.8 Other income, net 23.6 1.1 0.5 (24.1 ) 1.1 Income before income taxes 148.0 61.4 175.8 (147.3 ) 237.9 Income tax expense 1.3 23.6 66.1 — 91.0 Net income 146.7 37.8 109.7 (147.3 ) 146.9 Less: Net income attributable to noncontrolling interest — 0.3 — — 0.3 Net income attributable to Kansas City Southern and subsidiaries 146.7 37.5 109.7 (147.3 ) 146.6 Other comprehensive income 0.8 — 1.3 (1.3 ) 0.8 Comprehensive income attributable to Kansas City Southern and subsidiaries $ 147.5 $ 37.5 $ 111.0 $ (148.6 ) $ 147.4 Condensed Consolidating Statements of Comprehensive Income - KCS Notes—(Continued) Three Months Ended March 31, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 266.8 $ 300.4 $ (4.5 ) $ 562.7 Operating expenses 1.1 199.9 178.3 (4.5 ) 374.8 Operating income (loss) (1.1 ) 66.9 122.1 — 187.9 Equity in net earnings of affiliates 103.7 1.5 3.4 (104.7 ) 3.9 Interest expense (18.9 ) (21.6 ) (8.4 ) 25.3 (23.6 ) Foreign exchange loss — — (3.5 ) — (3.5 ) Other income, net 25.1 0.3 0.4 (25.6 ) 0.2 Income before income taxes 108.8 47.1 114.0 (105.0 ) 164.9 Income tax expense 1.0 18.5 37.3 — 56.8 Net income 107.8 28.6 76.7 (105.0 ) 108.1 Less: Net income attributable to noncontrolling interest — 0.3 — — 0.3 Net income attributable to Kansas City Southern and subsidiaries 107.8 28.3 76.7 (105.0 ) 107.8 Other comprehensive loss (0.1 ) — (0.1 ) 0.1 (0.1 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 107.7 $ 28.3 $ 76.6 $ (104.9 ) $ 107.7 Condensed Consolidating Balance Sheets - KCS Notes March 31, 2017 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 5.2 $ 227.4 $ 406.1 $ (5.7 ) $ 633.0 Investments — 3.8 34.2 — 38.0 Investments in consolidated subsidiaries 3,646.4 494.8 — (4,141.2 ) — Property and equipment (including concession assets), net — 4,256.6 3,878.6 (2.7 ) 8,132.5 Other assets 2,015.4 50.2 253.3 (2,244.2 ) 74.7 Total assets $ 5,667.0 $ 5,032.8 $ 4,572.2 $ (6,393.8 ) $ 8,878.2 Liabilities and equity: Current liabilities $ (329.4 ) $ 877.2 $ 167.4 $ (7.0 ) $ 708.2 Long-term debt 1,800.1 1,440.4 1,267.3 (2,244.2 ) 2,263.6 Deferred income taxes 26.7 1,095.9 210.0 (0.9 ) 1,331.7 Other liabilities 4.0 83.9 17.9 — 105.8 Stockholders’ equity 4,165.6 1,220.5 2,909.6 (4,141.7 ) 4,154.0 Noncontrolling interest — 314.9 — — 314.9 Total liabilities and equity $ 5,667.0 $ 5,032.8 $ 4,572.2 $ (6,393.8 ) $ 8,878.2 Condensed Consolidating Balance Sheets - KCS Notes—(Continued) December 31, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 0.9 $ 275.4 $ 381.2 $ (9.5 ) $ 648.0 Investments — 3.9 29.0 — 32.9 Investments in consolidated subsidiaries 3,497.7 493.7 — (3,991.4 ) — Property and equipment (including concession assets), net — 4,203.6 3,868.8 (2.7 ) 8,069.7 Other assets 2,015.5 43.0 252.6 (2,244.2 ) 66.9 Total assets $ 5,514.1 $ 5,019.6 $ 4,531.6 $ (6,247.8 ) $ 8,817.5 Liabilities and equity: Current liabilities $ (501.3 ) $ 1,004.0 $ 252.6 $ (10.9 ) $ 744.4 Long-term debt 1,883.1 1,357.7 1,274.9 (2,244.2 ) 2,271.5 Deferred income taxes 26.9 1,075.3 188.0 (0.9 ) 1,289.3 Other liabilities 4.0 86.3 17.5 — 107.8 Stockholders’ equity 4,101.4 1,181.7 2,798.6 (3,991.8 ) 4,089.9 Noncontrolling interest — 314.6 — — 314.6 Total liabilities and equity $ 5,514.1 $ 5,019.6 $ 4,531.6 $ (6,247.8 ) $ 8,817.5 Condensed Consolidating Statements of Cash Flows - KCS Notes Three Months Ended March 31, 2017 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 4.0 $ 86.4 $ 39.2 $ — $ 129.6 Investing activities: Capital expenditures — (110.9 ) (49.2 ) — (160.1 ) Property investments in MSLLC — — (4.2 ) — (4.2 ) Proceeds from repayment of loans to affiliates 2,752.1 — — (2,752.1 ) — Loans to affiliates (2,747.8 ) — — 2,747.8 — Contribution to consolidated affiliates (0.2 ) (0.2 ) — 0.4 — Other investing activities — 0.9 1.0 — 1.9 Net cash provided (used) 4.1 (110.2 ) (52.4 ) (3.9 ) (162.4 ) Financing activities: Proceeds from short-term borrowings 2,747.8 — — — 2,747.8 Repayment of short-term borrowings (2,664.9 ) — — — (2,664.9 ) Dividends paid (35.2 ) — — — (35.2 ) Shares repurchased (55.7 ) — — — (55.7 ) Proceeds from loans from affiliates — 2,747.8 — (2,747.8 ) — Repayment of loans from affiliates — (2,752.1 ) — 2,752.1 — Contribution from affiliates — 0.2 0.2 (0.4 ) — Other financing activities — (0.9 ) (5.8 ) — (6.7 ) Net cash used (8.0 ) (5.0 ) (5.6 ) 3.9 (14.7 ) Cash and cash equivalents: Net increase (decrease) 0.1 (28.8 ) (18.8 ) — (47.5 ) At beginning of year 0.2 32.6 137.8 — 170.6 At end of period $ 0.3 $ 3.8 $ 119.0 $ — $ 123.1 Condensed Consolidating Statements of Cash Flows - KCS Notes—(Continued) Three Months Ended March 31, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 109.9 $ 98.6 $ 49.9 $ (98.4 ) $ 160.0 Investing activities: Capital expenditures — (85.3 ) (36.8 ) — (122.1 ) Purchase or replacement of equipment under operating leases — (4.6 ) — — (4.6 ) Property investments in MSLLC — — (6.6 ) — (6.6 ) Proceeds from repayment of loans to affiliates 4,297.1 — — (4,297.1 ) — Loans to affiliates (4,194.8 ) — — 4,194.8 — Contribution to consolidated affiliates (96.8 ) (0.1 ) (0.1 ) 96.9 (0.1 ) Other investing activities — (4.9 ) 1.8 — (3.1 ) Net cash provided (used) 5.5 (94.9 ) (41.7 ) (5.4 ) (136.5 ) Financing activities: Proceeds from short-term borrowings 4,194.8 — — — 4,194.8 Repayment of short-term borrowings (4,221.0 ) — — — (4,221.0 ) Dividends paid (35.8 ) — (96.7 ) 96.7 (35.8 ) Shares repurchased (51.0 ) — — — (51.0 ) Proceeds from loans from affiliates — 4,194.8 — (4,194.8 ) — Repayment of loans from affiliates — (4,297.1 ) — 4,297.1 — Contribution from affiliates — 96.8 0.1 (96.9 ) — Other financing activities — (1.0 ) (8.6 ) 1.7 (7.9 ) Net cash used (113.0 ) (6.5 ) (105.2 ) 103.8 (120.9 ) Cash and cash equivalents: Net increase (decrease) 2.4 (2.8 ) (97.0 ) — (97.4 ) At beginning of year 0.2 10.2 126.2 — 136.6 At end of period $ 2.6 $ 7.4 $ 29.2 $ — $ 39.2 As of March 31, 2017 , KCSR had outstanding $2.9 million principal amount of senior notes due through 2045 . The senior notes 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. 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 March 31, 2017 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 289.2 $ 11.1 $ 318.6 $ (9.4 ) $ 609.5 Operating expenses 1.1 212.9 9.7 184.5 (9.4 ) 398.8 Operating income (loss) (1.1 ) 76.3 1.4 134.1 — 210.7 Equity in net earnings (losses) of affiliates 146.1 (0.1 ) 0.9 3.5 (146.4 ) 4.0 Interest expense (20.6 ) (18.7 ) — (9.1 ) 23.7 (24.7 ) Foreign exchange gain — — — 46.8 — 46.8 Other income, net 23.6 1.1 — 0.5 (24.1 ) 1.1 Income before income taxes 148.0 58.6 2.3 175.8 (146.8 ) 237.9 Income tax expense 1.3 22.6 1.0 66.1 — 91.0 Net income 146.7 36.0 1.3 109.7 (146.8 ) 146.9 Less: Net income attributable to noncontrolling interest — — 0.3 — — 0.3 Net income attributable to Kansas City Southern and subsidiaries 146.7 36.0 1.0 109.7 (146.8 ) 146.6 Other comprehensive income 0.8 — — 1.3 (1.3 ) 0.8 Comprehensive income attributable to Kansas City Southern and subsidiaries $ 147.5 $ 36.0 $ 1.0 $ 111.0 $ (148.1 ) $ 147.4 Three Months Ended March 31, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 260.6 $ 10.8 $ 300.4 $ (9.1 ) $ 562.7 Operating expenses 1.1 195.6 8.9 178.3 (9.1 ) 374.8 Operating income (loss) (1.1 ) 65.0 1.9 122.1 — 187.9 Equity in net earnings of affiliates 103.7 0.1 1.0 3.4 (104.3 ) 3.9 Interest expense (18.9 ) (21.6 ) — (8.4 ) 25.3 (23.6 ) Foreign exchange loss — — — (3.5 ) — (3.5 ) Other income, net 25.1 0.3 — 0.4 (25.6 ) 0.2 Income before income taxes 108.8 43.8 2.9 114.0 (104.6 ) 164.9 Income tax expense 1.0 17.1 1.4 37.3 — 56.8 Net income 107.8 26.7 1.5 76.7 (104.6 ) 108.1 Less: Net income attributable to noncontrolling interest — — 0.3 — — 0.3 Net income attributable to Kansas City Southern and subsidiaries 107.8 26.7 1.2 76.7 (104.6 ) 107.8 Other comprehensive loss (0.1 ) — — (0.1 ) 0.1 (0.1 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 107.7 $ 26.7 $ 1.2 $ 76.6 $ (104.5 ) $ 107.7 Condensed Consolidating Balance Sheets - KCSR Notes March 31, 2017 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 5.2 $ 221.6 $ 5.8 $ 406.1 $ (5.7 ) $ 633.0 Investments — 3.8 — 34.2 — 38.0 Investments in consolidated subsidiaries 3,646.4 (10.1 ) 492.7 — (4,129.0 ) — Property and equipment (including concession assets), net — 4,079.4 177.2 3,878.6 (2.7 ) 8,132.5 Other assets 2,015.4 50.2 — 253.3 (2,244.2 ) 74.7 Total assets $ 5,667.0 $ 4,344.9 $ 675.7 $ 4,572.2 $ (6,381.6 ) $ 8,878.2 Liabilities and equity: Current liabilities $ (329.4 ) $ 787.4 $ 89.8 $ 167.4 $ (7.0 ) $ 708.2 Long-term debt 1,800.1 1,440.4 — 1,267.3 (2,244.2 ) 2,263.6 Deferred income taxes 26.7 957.4 138.5 210.0 (0.9 ) 1,331.7 Other liabilities 4.0 83.8 0.1 17.9 — 105.8 Stockholders’ equity 4,165.6 1,075.9 132.4 2,909.6 (4,129.5 ) 4,154.0 Noncontrolling interest — — 314.9 — — 314.9 Total liabilities and equity $ 5,667.0 $ 4,344.9 $ 675.7 $ 4,572.2 $ (6,381.6 ) $ 8,878.2 December 31, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 0.9 $ 271.8 $ 4.6 $ 381.2 $ (10.5 ) $ 648.0 Investments — 3.9 — 29.0 — 32.9 Investments in consolidated subsidiaries 3,497.7 (9.8 ) 491.7 — (3,979.6 ) — Property and equipment (including concession assets), net — 4,024.5 179.1 3,868.8 (2.7 ) 8,069.7 Other assets 2,015.5 43.0 — 252.6 (2,244.2 ) 66.9 Total assets $ 5,514.1 $ 4,333.4 $ 675.4 $ 4,531.6 $ (6,237.0 ) $ 8,817.5 Liabilities and equity: Current liabilities $ (501.3 ) $ 913.2 $ 91.7 $ 252.6 $ (11.8 ) $ 744.4 Long-term debt 1,883.1 1,357.7 0.1 1,274.9 (2,244.3 ) 2,271.5 Deferred income taxes 26.9 937.7 137.6 188.0 (0.9 ) 1,289.3 Other liabilities 4.0 86.2 0.1 17.5 — 107.8 Stockholders’ equity 4,101.4 1,038.6 131.3 2,798.6 (3,980.0 ) 4,089.9 Noncontrolling interest — — 314.6 — — 314.6 Total liabilities and equity $ 5,514.1 $ 4,333.4 $ 675.4 $ 4,531.6 $ (6,237.0 ) $ 8,817.5 Condensed Consolidating Statements of Cash Flows - KCSR Notes Three Months Ended March 31, 2017 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 4.0 $ 86.3 $ 0.1 $ 39.2 $ — $ 129.6 Investing activities: Capital expenditures — (110.9 ) — (49.2 ) — (160.1 ) Property investments in MSLLC — — — (4.2 ) — (4.2 ) Proceeds from repayment of loans to affiliates 2,752.1 — — — (2,752.1 ) — Loans to affiliates (2,747.8 ) — — — 2,747.8 — Contribution to consolidated affiliates (0.2 ) — (0.2 ) — 0.4 — Other investing activities — 0.9 — 1.0 — 1.9 Net cash provided (used) 4.1 (110.0 ) (0.2 ) (52.4 ) (3.9 ) (162.4 ) Financing activities: Proceeds from short-term borrowings 2,747.8 — — — — 2,747.8 Repayment of short-term borrowings (2,664.9 ) — — — — (2,664.9 ) Dividends paid (35.2 ) — — — — (35.2 ) Shares repurchased (55.7 ) — — — — (55.7 ) Proceeds from loans from affiliates — 2,747.8 — — (2,747.8 ) — Repayment of loans from affiliates — (2,752.1 ) — — 2,752.1 — Contribution from affiliates — — 0.2 0.2 (0.4 ) — Other financing activities — (0.8 ) (0.1 ) (5.8 ) — (6.7 ) Net cash provided (used) (8.0 ) (5.1 ) 0.1 (5.6 ) 3.9 (14.7 ) Cash and cash equivalents: Net increase (decrease) 0.1 (28.8 ) — (18.8 ) — (47.5 ) At beginning of year 0.2 32.6 — 137.8 — 170.6 At end of period $ 0.3 $ 3.8 $ — $ 119.0 $ — $ 123.1 Condensed Consolidating Statements of Cash Flows - KCSR Notes—(Continued) Three Months Ended March 31, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 109.9 $ 97.8 $ 0.8 $ 49.9 $ (98.4 ) $ 160.0 Investing activities: Capital expenditures — (85.1 ) (0.2 ) (36.8 ) — (122.1 ) Purchase or replacement of equipment under operating leases — (4.6 ) — — — (4.6 ) Property investments in MSLLC — — — (6.6 ) — (6.6 ) Proceeds from repayment of loans to affiliates 4,297.1 — — — (4,297.1 ) — Loans to affiliates (4,194.8 ) — — — 4,194.8 — Contribution to consolidated affiliates (96.8 ) — (0.1 ) (0.1 ) 96.9 (0.1 ) Other investing activities — (4.9 ) — 1.8 — (3.1 ) Net cash provided (used) 5.5 (94.6 ) (0.3 ) (41.7 ) (5.4 ) (136.5 ) Financing activities: Proceeds from short-term borrowings 4,194.8 — — — — 4,194.8 Repayment of short-term borrowings (4,221.0 ) — — — — (4,221.0 ) Dividends paid (35.8 ) — — (96.7 ) 96.7 (35.8 ) Shares repurchased (51.0 ) — — — — (51.0 ) Proceeds from loans from affiliates — 4,194.8 — — (4,194.8 ) — Repayment of loans from affiliates — (4,297.1 ) — — 4,297.1 — Contribution from affiliates — 96.7 0.1 0.1 (96.9 ) — Other financing activities — (0.9 ) (0.1 ) (8.6 ) 1.7 (7.9 ) Net cash used (113.0 ) (6.5 ) — (105.2 ) 103.8 (120.9 ) Cash and cash equivalents: Net increase (decrease) 2.4 (3.3 ) 0.5 (97.0 ) — (97.4 ) At beginning of year 0.2 10.1 0.1 126.2 — 136.6 At end of period $ 2.6 $ 6.8 $ 0.6 $ 29.2 $ — $ 39.2

Earnings Per Share Data (Tables

Earnings Per Share Data (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 2016 Net income available to common stockholders for purposes of computing basic and diluted earnings per share $ 146.5 $ 107.7 Weighted-average number of shares outstanding ( in thousands ): Basic shares 106,111 108,057 Effect of dilution 215 218 Diluted shares 106,326 108,275 Earnings per share: Basic earnings per share $ 1.38 $ 1.00 Diluted earnings per share $ 1.38 $ 0.99
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 261 185

Property and Equipment (inclu22

Property and Equipment (including Concession Assets) (Tables)	3 Months Ended
	Mar. 31, 2017
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) : March 31, December 31, Land $ 218.7 $ 219.2 Concession land rights 141.2 141.2 Road property 7,287.8 7,186.0 Equipment 2,456.0 2,439.8 Technology and other 189.0 182.2 Construction in progress 312.6 293.4 Total property 10,605.3 10,461.8 Accumulated depreciation and amortization 2,472.8 2,392.1 Property and equipment (including concession assets), net $ 8,132.5 $ 8,069.7

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	Below is a summary of the Company’s 2017 and 2016 foreign currency derivative contracts (amounts in millions, except Ps./USD) : Foreign currency forward contracts Contracts to purchase Ps./pay USD Offsetting contracts to sell Ps./receive USD Notional amount Notional amount Weighted-average exchange rate (in Ps./USD) Maturity date Notional amount Notional amount Weighted-average exchange rate (in Ps./USD) Maturity date Cash received/(paid) on settlement 2016 contracts and 2017 offsetting contracts settled $ 340.0 Ps. 6,207.7 Ps. 18.3 1/17/2017 $ 287.0 Ps. 6,207.7 Ps. 21.6 1/17/2017 $ (53.0 ) 2016 contracts and 2016 offsetting contracts settled $ 60.0 Ps. 1,057.3 Ps. 17.6 4/29/2016 $ 60.7 Ps. 1,057.3 Ps. 17.4 4/29/2016 $ 0.7 2015 contracts and 2016 offsetting contracts settled $ 300.0 Ps. 4,480.4 Ps. 14.9 1/15/2016 $ 251.0 Ps. 4,480.4 Ps. 17.9 1/15/2016 $ (49.0 ) Foreign currency zero-cost collar contracts Notional amount Maturity date Weighted-average call rate outstanding options (in Ps./USD) Weighted-average put rate outstanding options (in Ps./USD) Cash received/(paid) on settlement 2017 contracts $ 195.0 4/25/2017 Ps. 21.3 Ps. 21.9 $ — 2017 contracts $ 250.0 1/16/2018 Ps. 21.6 Ps. 24.8 $ 3.5 (i) 2015 contracts settled in 2016 $ 80.0 1/15/2016 — — $ (10.1 )
Schedule of Derivative Instruments in Consolidated Balance Sheets, Fair Value	The following tables present the fair value of derivative instruments included in the consolidated balance sheets ( in millions ): Derivative Assets Balance Sheet Location March 31, December 31, 2016 Derivatives not designated as hedging instruments: Foreign currency zero-cost collar contracts Other current assets $ 42.3 $ — Total derivative assets $ 42.3 $ — Derivative Liabilities Balance Sheet Location March 31, December 31, 2016 Derivatives not designated as hedging instruments: Foreign currency forward contracts Accounts payable and accrued liabilities $ — $ 41.1 Total derivative liabilities $ — $ 41.1
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 March 31, 2017 2016 Derivatives not designated as hedging instruments: Foreign currency forward contracts Foreign exchange gain (loss) $ (11.9 ) $ 2.2 Foreign currency zero-cost collar contracts Foreign exchange gain (loss) 45.8 (3.9 ) Total $ 33.9 $ (1.7 )

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Schedule of Stockholders' Equity	The following tables summarize the changes in equity ( in millions): Three Months Ended March 31, 2017 Three Months Ended March 31, 2016 Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Kansas City Southern Stockholders’ Equity Noncontrolling Interest Total Equity Beginning balance $ 4,089.9 $ 314.6 $ 4,404.5 $ 3,914.3 $ 310.4 $ 4,224.7 Cumulative-effect adjustment (i) 2.5 — 2.5 — — — Net income 146.6 0.3 146.9 107.8 0.3 108.1 Other comprehensive income (loss) 0.8 — 0.8 (0.1 ) — (0.1 ) Dividends on common stock (35.0 ) — (35.0 ) (35.6 ) — (35.6 ) Dividends on $25 par preferred stock (0.1 ) — (0.1 ) (0.1 ) — (0.1 ) Share repurchases (55.7 ) — (55.7 ) (51.0 ) — (51.0 ) Options exercised and stock subscribed, net of shares withheld for employee taxes 0.2 — 0.2 0.3 — 0.3 Excess tax benefit from share-based compensation — — — (0.3 ) — (0.3 ) Share-based compensation 4.8 — 4.8 6.1 — 6.1 Ending balance $ 4,154.0 $ 314.9 $ 4,468.9 $ 3,941.4 $ 310.7 $ 4,252.1
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 March 31, 2017 2016 Cash dividends declared per common share $ 0.330 $ 0.330

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Personal Injury Liability Activity	The personal injury liability activity was as follows (in millions) : Three Months Ended March 31, 2017 2016 Balance at beginning of year $ 23.8 $ 23.9 Accruals 1.2 1.2 Payments (1.8 ) (0.7 ) Balance at end of period $ 23.2 $ 24.4

Geographic Information (Tables)

Geographic Information (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, Revenues 2017 2016 U.S. $ 321.2 $ 292.3 Mexico 288.3 270.4 Total revenues $ 609.5 $ 562.7 Property and equipment (including concession assets), net March 31, December 31, U.S. $ 5,020.4 $ 4,960.6 Mexico 3,112.1 3,109.1 Total property and equipment (including concession assets), net $ 8,132.5 $ 8,069.7

Condensed Consolidating Finan27

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 295.2 $ 318.6 $ (4.3 ) $ 609.5 Operating expenses 1.1 217.5 184.5 (4.3 ) 398.8 Operating income (loss) (1.1 ) 77.7 134.1 — 210.7 Equity in net earnings of affiliates 146.1 1.3 3.5 (146.9 ) 4.0 Interest expense (20.6 ) (18.7 ) (9.1 ) 23.7 (24.7 ) Foreign exchange gain — — 46.8 — 46.8 Other income, net 23.6 1.1 0.5 (24.1 ) 1.1 Income before income taxes 148.0 61.4 175.8 (147.3 ) 237.9 Income tax expense 1.3 23.6 66.1 — 91.0 Net income 146.7 37.8 109.7 (147.3 ) 146.9 Less: Net income attributable to noncontrolling interest — 0.3 — — 0.3 Net income attributable to Kansas City Southern and subsidiaries 146.7 37.5 109.7 (147.3 ) 146.6 Other comprehensive income 0.8 — 1.3 (1.3 ) 0.8 Comprehensive income attributable to Kansas City Southern and subsidiaries $ 147.5 $ 37.5 $ 111.0 $ (148.6 ) $ 147.4 Condensed Consolidating Statements of Comprehensive Income - KCS Notes—(Continued) Three Months Ended March 31, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 266.8 $ 300.4 $ (4.5 ) $ 562.7 Operating expenses 1.1 199.9 178.3 (4.5 ) 374.8 Operating income (loss) (1.1 ) 66.9 122.1 — 187.9 Equity in net earnings of affiliates 103.7 1.5 3.4 (104.7 ) 3.9 Interest expense (18.9 ) (21.6 ) (8.4 ) 25.3 (23.6 ) Foreign exchange loss — — (3.5 ) — (3.5 ) Other income, net 25.1 0.3 0.4 (25.6 ) 0.2 Income before income taxes 108.8 47.1 114.0 (105.0 ) 164.9 Income tax expense 1.0 18.5 37.3 — 56.8 Net income 107.8 28.6 76.7 (105.0 ) 108.1 Less: Net income attributable to noncontrolling interest — 0.3 — — 0.3 Net income attributable to Kansas City Southern and subsidiaries 107.8 28.3 76.7 (105.0 ) 107.8 Other comprehensive loss (0.1 ) — (0.1 ) 0.1 (0.1 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 107.7 $ 28.3 $ 76.6 $ (104.9 ) $ 107.7
Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheets - KCS Notes March 31, 2017 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 5.2 $ 227.4 $ 406.1 $ (5.7 ) $ 633.0 Investments — 3.8 34.2 — 38.0 Investments in consolidated subsidiaries 3,646.4 494.8 — (4,141.2 ) — Property and equipment (including concession assets), net — 4,256.6 3,878.6 (2.7 ) 8,132.5 Other assets 2,015.4 50.2 253.3 (2,244.2 ) 74.7 Total assets $ 5,667.0 $ 5,032.8 $ 4,572.2 $ (6,393.8 ) $ 8,878.2 Liabilities and equity: Current liabilities $ (329.4 ) $ 877.2 $ 167.4 $ (7.0 ) $ 708.2 Long-term debt 1,800.1 1,440.4 1,267.3 (2,244.2 ) 2,263.6 Deferred income taxes 26.7 1,095.9 210.0 (0.9 ) 1,331.7 Other liabilities 4.0 83.9 17.9 — 105.8 Stockholders’ equity 4,165.6 1,220.5 2,909.6 (4,141.7 ) 4,154.0 Noncontrolling interest — 314.9 — — 314.9 Total liabilities and equity $ 5,667.0 $ 5,032.8 $ 4,572.2 $ (6,393.8 ) $ 8,878.2 Condensed Consolidating Balance Sheets - KCS Notes—(Continued) December 31, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 0.9 $ 275.4 $ 381.2 $ (9.5 ) $ 648.0 Investments — 3.9 29.0 — 32.9 Investments in consolidated subsidiaries 3,497.7 493.7 — (3,991.4 ) — Property and equipment (including concession assets), net — 4,203.6 3,868.8 (2.7 ) 8,069.7 Other assets 2,015.5 43.0 252.6 (2,244.2 ) 66.9 Total assets $ 5,514.1 $ 5,019.6 $ 4,531.6 $ (6,247.8 ) $ 8,817.5 Liabilities and equity: Current liabilities $ (501.3 ) $ 1,004.0 $ 252.6 $ (10.9 ) $ 744.4 Long-term debt 1,883.1 1,357.7 1,274.9 (2,244.2 ) 2,271.5 Deferred income taxes 26.9 1,075.3 188.0 (0.9 ) 1,289.3 Other liabilities 4.0 86.3 17.5 — 107.8 Stockholders’ equity 4,101.4 1,181.7 2,798.6 (3,991.8 ) 4,089.9 Noncontrolling interest — 314.6 — — 314.6 Total liabilities and equity $ 5,514.1 $ 5,019.6 $ 4,531.6 $ (6,247.8 ) $ 8,817.5
Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows - KCS Notes Three Months Ended March 31, 2017 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 4.0 $ 86.4 $ 39.2 $ — $ 129.6 Investing activities: Capital expenditures — (110.9 ) (49.2 ) — (160.1 ) Property investments in MSLLC — — (4.2 ) — (4.2 ) Proceeds from repayment of loans to affiliates 2,752.1 — — (2,752.1 ) — Loans to affiliates (2,747.8 ) — — 2,747.8 — Contribution to consolidated affiliates (0.2 ) (0.2 ) — 0.4 — Other investing activities — 0.9 1.0 — 1.9 Net cash provided (used) 4.1 (110.2 ) (52.4 ) (3.9 ) (162.4 ) Financing activities: Proceeds from short-term borrowings 2,747.8 — — — 2,747.8 Repayment of short-term borrowings (2,664.9 ) — — — (2,664.9 ) Dividends paid (35.2 ) — — — (35.2 ) Shares repurchased (55.7 ) — — — (55.7 ) Proceeds from loans from affiliates — 2,747.8 — (2,747.8 ) — Repayment of loans from affiliates — (2,752.1 ) — 2,752.1 — Contribution from affiliates — 0.2 0.2 (0.4 ) — Other financing activities — (0.9 ) (5.8 ) — (6.7 ) Net cash used (8.0 ) (5.0 ) (5.6 ) 3.9 (14.7 ) Cash and cash equivalents: Net increase (decrease) 0.1 (28.8 ) (18.8 ) — (47.5 ) At beginning of year 0.2 32.6 137.8 — 170.6 At end of period $ 0.3 $ 3.8 $ 119.0 $ — $ 123.1 Condensed Consolidating Statements of Cash Flows - KCS Notes—(Continued) Three Months Ended March 31, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 109.9 $ 98.6 $ 49.9 $ (98.4 ) $ 160.0 Investing activities: Capital expenditures — (85.3 ) (36.8 ) — (122.1 ) Purchase or replacement of equipment under operating leases — (4.6 ) — — (4.6 ) Property investments in MSLLC — — (6.6 ) — (6.6 ) Proceeds from repayment of loans to affiliates 4,297.1 — — (4,297.1 ) — Loans to affiliates (4,194.8 ) — — 4,194.8 — Contribution to consolidated affiliates (96.8 ) (0.1 ) (0.1 ) 96.9 (0.1 ) Other investing activities — (4.9 ) 1.8 — (3.1 ) Net cash provided (used) 5.5 (94.9 ) (41.7 ) (5.4 ) (136.5 ) Financing activities: Proceeds from short-term borrowings 4,194.8 — — — 4,194.8 Repayment of short-term borrowings (4,221.0 ) — — — (4,221.0 ) Dividends paid (35.8 ) — (96.7 ) 96.7 (35.8 ) Shares repurchased (51.0 ) — — — (51.0 ) Proceeds from loans from affiliates — 4,194.8 — (4,194.8 ) — Repayment of loans from affiliates — (4,297.1 ) — 4,297.1 — Contribution from affiliates — 96.8 0.1 (96.9 ) — Other financing activities — (1.0 ) (8.6 ) 1.7 (7.9 ) Net cash used (113.0 ) (6.5 ) (105.2 ) 103.8 (120.9 ) Cash and cash equivalents: Net increase (decrease) 2.4 (2.8 ) (97.0 ) — (97.4 ) At beginning of year 0.2 10.2 126.2 — 136.6 At end of period $ 2.6 $ 7.4 $ 29.2 $ — $ 39.2
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 March 31, 2017 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 289.2 $ 11.1 $ 318.6 $ (9.4 ) $ 609.5 Operating expenses 1.1 212.9 9.7 184.5 (9.4 ) 398.8 Operating income (loss) (1.1 ) 76.3 1.4 134.1 — 210.7 Equity in net earnings (losses) of affiliates 146.1 (0.1 ) 0.9 3.5 (146.4 ) 4.0 Interest expense (20.6 ) (18.7 ) — (9.1 ) 23.7 (24.7 ) Foreign exchange gain — — — 46.8 — 46.8 Other income, net 23.6 1.1 — 0.5 (24.1 ) 1.1 Income before income taxes 148.0 58.6 2.3 175.8 (146.8 ) 237.9 Income tax expense 1.3 22.6 1.0 66.1 — 91.0 Net income 146.7 36.0 1.3 109.7 (146.8 ) 146.9 Less: Net income attributable to noncontrolling interest — — 0.3 — — 0.3 Net income attributable to Kansas City Southern and subsidiaries 146.7 36.0 1.0 109.7 (146.8 ) 146.6 Other comprehensive income 0.8 — — 1.3 (1.3 ) 0.8 Comprehensive income attributable to Kansas City Southern and subsidiaries $ 147.5 $ 36.0 $ 1.0 $ 111.0 $ (148.1 ) $ 147.4 Three Months Ended March 31, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 260.6 $ 10.8 $ 300.4 $ (9.1 ) $ 562.7 Operating expenses 1.1 195.6 8.9 178.3 (9.1 ) 374.8 Operating income (loss) (1.1 ) 65.0 1.9 122.1 — 187.9 Equity in net earnings of affiliates 103.7 0.1 1.0 3.4 (104.3 ) 3.9 Interest expense (18.9 ) (21.6 ) — (8.4 ) 25.3 (23.6 ) Foreign exchange loss — — — (3.5 ) — (3.5 ) Other income, net 25.1 0.3 — 0.4 (25.6 ) 0.2 Income before income taxes 108.8 43.8 2.9 114.0 (104.6 ) 164.9 Income tax expense 1.0 17.1 1.4 37.3 — 56.8 Net income 107.8 26.7 1.5 76.7 (104.6 ) 108.1 Less: Net income attributable to noncontrolling interest — — 0.3 — — 0.3 Net income attributable to Kansas City Southern and subsidiaries 107.8 26.7 1.2 76.7 (104.6 ) 107.8 Other comprehensive loss (0.1 ) — — (0.1 ) 0.1 (0.1 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 107.7 $ 26.7 $ 1.2 $ 76.6 $ (104.5 ) $ 107.7
Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheets - KCSR Notes March 31, 2017 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 5.2 $ 221.6 $ 5.8 $ 406.1 $ (5.7 ) $ 633.0 Investments — 3.8 — 34.2 — 38.0 Investments in consolidated subsidiaries 3,646.4 (10.1 ) 492.7 — (4,129.0 ) — Property and equipment (including concession assets), net — 4,079.4 177.2 3,878.6 (2.7 ) 8,132.5 Other assets 2,015.4 50.2 — 253.3 (2,244.2 ) 74.7 Total assets $ 5,667.0 $ 4,344.9 $ 675.7 $ 4,572.2 $ (6,381.6 ) $ 8,878.2 Liabilities and equity: Current liabilities $ (329.4 ) $ 787.4 $ 89.8 $ 167.4 $ (7.0 ) $ 708.2 Long-term debt 1,800.1 1,440.4 — 1,267.3 (2,244.2 ) 2,263.6 Deferred income taxes 26.7 957.4 138.5 210.0 (0.9 ) 1,331.7 Other liabilities 4.0 83.8 0.1 17.9 — 105.8 Stockholders’ equity 4,165.6 1,075.9 132.4 2,909.6 (4,129.5 ) 4,154.0 Noncontrolling interest — — 314.9 — — 314.9 Total liabilities and equity $ 5,667.0 $ 4,344.9 $ 675.7 $ 4,572.2 $ (6,381.6 ) $ 8,878.2 December 31, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 0.9 $ 271.8 $ 4.6 $ 381.2 $ (10.5 ) $ 648.0 Investments — 3.9 — 29.0 — 32.9 Investments in consolidated subsidiaries 3,497.7 (9.8 ) 491.7 — (3,979.6 ) — Property and equipment (including concession assets), net — 4,024.5 179.1 3,868.8 (2.7 ) 8,069.7 Other assets 2,015.5 43.0 — 252.6 (2,244.2 ) 66.9 Total assets $ 5,514.1 $ 4,333.4 $ 675.4 $ 4,531.6 $ (6,237.0 ) $ 8,817.5 Liabilities and equity: Current liabilities $ (501.3 ) $ 913.2 $ 91.7 $ 252.6 $ (11.8 ) $ 744.4 Long-term debt 1,883.1 1,357.7 0.1 1,274.9 (2,244.3 ) 2,271.5 Deferred income taxes 26.9 937.7 137.6 188.0 (0.9 ) 1,289.3 Other liabilities 4.0 86.2 0.1 17.5 — 107.8 Stockholders’ equity 4,101.4 1,038.6 131.3 2,798.6 (3,980.0 ) 4,089.9 Noncontrolling interest — — 314.6 — — 314.6 Total liabilities and equity $ 5,514.1 $ 4,333.4 $ 675.4 $ 4,531.6 $ (6,237.0 ) $ 8,817.5
Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows - KCSR Notes Three Months Ended March 31, 2017 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 4.0 $ 86.3 $ 0.1 $ 39.2 $ — $ 129.6 Investing activities: Capital expenditures — (110.9 ) — (49.2 ) — (160.1 ) Property investments in MSLLC — — — (4.2 ) — (4.2 ) Proceeds from repayment of loans to affiliates 2,752.1 — — — (2,752.1 ) — Loans to affiliates (2,747.8 ) — — — 2,747.8 — Contribution to consolidated affiliates (0.2 ) — (0.2 ) — 0.4 — Other investing activities — 0.9 — 1.0 — 1.9 Net cash provided (used) 4.1 (110.0 ) (0.2 ) (52.4 ) (3.9 ) (162.4 ) Financing activities: Proceeds from short-term borrowings 2,747.8 — — — — 2,747.8 Repayment of short-term borrowings (2,664.9 ) — — — — (2,664.9 ) Dividends paid (35.2 ) — — — — (35.2 ) Shares repurchased (55.7 ) — — — — (55.7 ) Proceeds from loans from affiliates — 2,747.8 — — (2,747.8 ) — Repayment of loans from affiliates — (2,752.1 ) — — 2,752.1 — Contribution from affiliates — — 0.2 0.2 (0.4 ) — Other financing activities — (0.8 ) (0.1 ) (5.8 ) — (6.7 ) Net cash provided (used) (8.0 ) (5.1 ) 0.1 (5.6 ) 3.9 (14.7 ) Cash and cash equivalents: Net increase (decrease) 0.1 (28.8 ) — (18.8 ) — (47.5 ) At beginning of year 0.2 32.6 — 137.8 — 170.6 At end of period $ 0.3 $ 3.8 $ — $ 119.0 $ — $ 123.1 Condensed Consolidating Statements of Cash Flows - KCSR Notes—(Continued) Three Months Ended March 31, 2016 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 109.9 $ 97.8 $ 0.8 $ 49.9 $ (98.4 ) $ 160.0 Investing activities: Capital expenditures — (85.1 ) (0.2 ) (36.8 ) — (122.1 ) Purchase or replacement of equipment under operating leases — (4.6 ) — — — (4.6 ) Property investments in MSLLC — — — (6.6 ) — (6.6 ) Proceeds from repayment of loans to affiliates 4,297.1 — — — (4,297.1 ) — Loans to affiliates (4,194.8 ) — — — 4,194.8 — Contribution to consolidated affiliates (96.8 ) — (0.1 ) (0.1 ) 96.9 (0.1 ) Other investing activities — (4.9 ) — 1.8 — (3.1 ) Net cash provided (used) 5.5 (94.6 ) (0.3 ) (41.7 ) (5.4 ) (136.5 ) Financing activities: Proceeds from short-term borrowings 4,194.8 — — — — 4,194.8 Repayment of short-term borrowings (4,221.0 ) — — — — (4,221.0 ) Dividends paid (35.8 ) — — (96.7 ) 96.7 (35.8 ) Shares repurchased (51.0 ) — — — — (51.0 ) Proceeds from loans from affiliates — 4,194.8 — — (4,194.8 ) — Repayment of loans from affiliates — (4,297.1 ) — — 4,297.1 — Contribution from affiliates — 96.7 0.1 0.1 (96.9 ) — Other financing activities — (0.9 ) (0.1 ) (8.6 ) 1.7 (7.9 ) Net cash used (113.0 ) (6.5 ) — (105.2 ) 103.8 (120.9 ) Cash and cash equivalents: Net increase (decrease) 2.4 (3.3 ) 0.5 (97.0 ) — (97.4 ) At beginning of year 0.2 10.1 0.1 126.2 — 136.6 At end of period $ 2.6 $ 6.8 $ 0.6 $ 29.2 $ — $ 39.2

Earnings Per Share Data (Detail

Earnings Per Share Data (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share Reconciliation [Abstract]
Net income available to common stockholders for purposes of computing basic earnings per share	$ 146.5	$ 107.7
Net income available to common stockholders for purposes of computing diluted earnings per share	$ 146.5	$ 107.7
Weighted-Average Number of Shares Outstanding Reconciliation [Abstract]
Basic shares	106,111	108,057
Effect of dilution	215	218
Diluted	106,326	108,275
Earnings Per Share [Abstract]
Basic earnings per share	$ 1.38	$ 1
Diluted earnings per share	$ 1.38	$ 0.99
Stock Options [Member]
Potentially Dilutive Shares Excluded from the Calculation [Abstract]
Stock options excluded as their inclusion would be anti-dilutive	261	185

Property and Equipment (Inclu29

Property and Equipment (Including Concession Assets) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	$ 10,605.3	$ 10,461.8
Accumulated depreciation and amortization	2,472.8	2,392.1
Property and equipment (including concession assets), net	8,132.5	8,069.7
Accumulated amortization	629.2	610.7
Concession assets, net of accumulated amortization	2,135.5	2,131.6
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	218.7	219.2
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	7,287.8	7,186
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	2,456	2,439.8
Technology and other [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	189	182.2
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	$ 312.6	$ 293.4

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of Company's debt	$ 2,291.1	$ 2,296.9
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	2,245.6	2,303.8
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 assets	$ 42.3
Fair value of foreign currency derivative instrument liabilities		$ 41.1

Derivative Instruments Summary

Derivative Instruments Summary of Foreign Currency Derivative Contracts (Details) MXN in Millions, $ in Millions

Jan. 17, 2017USD ($)

Apr. 29, 2016USD ($)

Jan. 15, 2016USD ($)

Feb. 28, 2017USD ($)

Mar. 31, 2017USD ($)MXN / $

Mar. 31, 2016USD ($)

Jan. 17, 2017MXNMXN / $

Jan. 17, 2017USD ($)MXN / $

Apr. 29, 2016MXNMXN / $

Apr. 29, 2016USD ($)MXN / $

Jan. 15, 2016MXNMXN / $

Jan. 15, 2016USD ($)MXN / $

Derivative [Line Items]

Cash received/(paid) on settlement of foreign currency contracts

$ 49.5

$ 59.1

Not Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member]

Derivative [Line Items]

Notional amount of foreign currency contracts

MXN 6,207.7

$ 340

MXN 1,057.3

$ 60

MXN 4,480.4

$ 300

Weighted-average exchange rate of foreign currency forward contracts | MXN / $

18.3

18.3

17.6

17.6

14.9

14.9

Maturity date of foreign currency contracts

Jan. 17, 2017

Apr. 29, 2016

Jan. 15, 2016

Not Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Foreign Exchange Gain (Loss) [Member]

Derivative [Line Items]

Cash received/(paid) on settlement of foreign currency contracts

$ (53)

$ 0.7

$ (49)

Not Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Offsetting Derivative Instrument [Member]

Derivative [Line Items]

Notional amount of foreign currency contracts

MXN 6,207.7

$ 287

MXN 1,057.3

$ 60.7

MXN 4,480.4

$ 251

Weighted-average exchange rate of foreign currency forward contracts | MXN / $

21.6

21.6

17.4

17.4

17.9

17.9

Maturity date of foreign currency contracts

Jan. 17, 2017

Apr. 29, 2016

Jan. 15, 2016

Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member]

Derivative [Line Items]

Notional amount of foreign currency contracts

330

$ 80

Maturity date of foreign currency contracts

Jan. 15, 2016

Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Foreign Exchange Gain (Loss) [Member]

Derivative [Line Items]

Cash received/(paid) on settlement of foreign currency contracts

$ (10.1)

Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Zero-Cost Collar Contracts Maturing April 2017 [Member]

Derivative [Line Items]

Notional amount of foreign currency contracts

$ 195

Maturity date of foreign currency contracts

Apr. 25, 2017

Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Zero-Cost Collar Contracts Maturing April 2017 [Member] | Call Option [Member]

Derivative [Line Items]

Weighted-average rate outstanding options | MXN / $

21.3

Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Zero-Cost Collar Contracts Maturing April 2017 [Member] | Put Option [Member]

Derivative [Line Items]

Weighted-average rate outstanding options | MXN / $

21.9

Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Zero-Cost Collar Contracts Maturing January 2018 [Member]

Derivative [Line Items]

Notional amount of foreign currency contracts

$ 250

Maturity date of foreign currency contracts

Jan. 16, 2018

Notional amount of zero-cost collar contracts settled by the Company

$ 115

Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Zero-Cost Collar Contracts Maturing January 2018 [Member] | Call Option [Member]

Derivative [Line Items]

Weighted-average rate outstanding options | MXN / $

21.6

Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Zero-Cost Collar Contracts Maturing January 2018 [Member] | Put Option [Member]

Derivative [Line Items]

Weighted-average rate outstanding options | MXN / $

24.8

Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Zero-Cost Collar Contracts Maturing January 2018 [Member] | Foreign Exchange Gain (Loss) [Member]

Derivative [Line Items]

Cash received/(paid) on settlement of foreign currency contracts

[1]

$ 3.5

[1]

During February 2017, the Company settled $115.0 million of the zero-cost collar contracts.

Derivative Instruments Fair Val

Derivative Instruments Fair Value of Derivative Instruments (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	$ 42.3	$ 0
Derivative liabilities, fair value	0	41.1
Foreign Currency Zero-Cost Collar Contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	42.3	0
Foreign Currency Forward Contracts [Member] | Accounts Payable and Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	$ 0	$ 41.1

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
	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	$ 33.9	$ (1.7)
Foreign Currency Forward Contracts [Member] | Foreign Exchange Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	(11.9)	2.2
Foreign Currency Zero-Cost Collar Contracts [Member] | Foreign Exchange Gain (Loss) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	$ 45.8	$ (3.9)

Short-Term Borrowings (Details)

Short-Term Borrowings (Details) - KCS [Member] - Commercial Paper [Member] - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Short-Term Borrowings [Line Items]
Amount of commercial paper outstanding	$ 264.9	$ 181.3
Debt instrument, discount	$ 0.1	$ 0.1
Weighted-average interest rate of commercial paper outstanding	1.406%	1.29%

Equity (Details)

Equity (Details) - USD ($) $ in Millions		Jan. 26, 2017	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Jan. 01, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			$ 4,404.5	$ 4,224.7
Cumulative-effect adjustment	[1]					$ 2.5
Net income			146.9	108.1
Other comprehensive income (loss)			0.8	(0.1)
Dividends on common stock		$ (35)	(35)	(35.6)
Share repurchases			(55.7)	(51)	$ (435.3)
Options exercised and stock subscribed, net of shares withheld for employee taxes			0.2	0.3
Excess tax benefit from share-based compensation			0	(0.3)
Share-based compensation			4.8	6.1
Ending balance			4,468.9	4,252.1	4,468.9
$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			4,089.9	3,914.3
Cumulative-effect adjustment	[1]					$ 2.5
Net income			146.6	107.8
Other comprehensive income (loss)			0.8	(0.1)
Dividends on common stock			(35)	(35.6)
Share repurchases			(55.7)	(51)
Options exercised and stock subscribed, net of shares withheld for employee taxes			0.2	0.3
Excess tax benefit from share-based compensation			0	(0.3)
Share-based compensation			4.8	6.1
Ending balance			4,154	3,941.4	4,154
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			314.6	310.4
Net income			0.3	0.3
Ending balance			$ 314.9	$ 310.7	$ 314.9
[1]	The company recognized a $2.5 million net cumulative-effect adjustment to equity as of January 1, 2017, due to the adoption of ASU 2016-09, Improvements to Employee Share-Based Payment Accounting. For additional discussion, see Note 1 - Basis of Presentation.

Equity (Parenthetical) (Details

Equity (Parenthetical) (Details) - $ / shares	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
$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		23 Months Ended
	May 31, 2015	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017
Equity [Abstract]
Maximum amount of share repurchase program	$ 500
Expiration date of share repurchase program	Jun. 30, 2017
Shares repurchased (shares)		639,000		4,900,596
Shares repurchased		$ 55.7	$ 51	$ 435.3
Average price of shares repurchased		$ 87.15		$ 88.82

Equity Cash Dividends on Common

Equity Cash Dividends on Common Stock (Details) - USD ($) $ / shares in Units, $ in Millions	Jan. 26, 2017	Mar. 31, 2017	Mar. 31, 2016
Class of Stock [Line Items]
Cash dividends declared per common share	$ 0.330	$ 0.330	$ 0.330
Aggregate amount of dividend declared	$ 35	$ 35	$ 35.6

Commitments and Contingencies39

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Financial Guarantee [Member]
Loss Contingencies [Line Items]
Letter of credit outstanding, amount	$ 5.5
Percent guarantee of unconsolidated affiliate debt	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	$ 4.2	$ 3.6
Panama Canal Railway Company [Member] | Financial Guarantee [Member] | 7.0% Senior Secured Notes due November 1, 2026 [Member]
Loss Contingencies [Line Items]
Debt instrument, stated interest rate	7.00%
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	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Personal Injury Liability Activity [Roll Forward]
Balance at beginning of year	$ 23.8	$ 23.9
Accruals	1.2	1.2
Payments	(1.8)	(0.7)
Balance at end of period	$ 23.2	$ 24.4

Geographic Information (Informa

Geographic Information (Information by Geographic Area) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 609.5	$ 562.7
Property and equipment (including concession assets), net	8,132.5		$ 8,069.7
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	321.2	292.3
Property and equipment (including concession assets), net	5,020.4		4,960.6
MEXICO
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	288.3	$ 270.4
Property and equipment (including concession assets), net	$ 3,112.1		$ 3,109.1

Subsequent Event (Details)

Subsequent Event (Details) - Not Designated as Hedging Instrument [Member] - Foreign Currency Zero-Cost Collar Contracts [Member] $ in Millions	Apr. 30, 2017USD ($)MXN / $	Apr. 20, 2017USD ($)	Jan. 15, 2016USD ($)	Mar. 31, 2017USD ($)MXN / $	Feb. 28, 2017USD ($)
Subsequent Event [Line Items]
Aggregate notional amount of foreign currency zero-cost collar contracts			$ 80	$ 330
Expiration date of foreign currency zero-cost collar contracts			Jan. 15, 2016
Zero-Cost Collar Contracts Maturing April 2017 [Member]
Subsequent Event [Line Items]
Aggregate notional amount of foreign currency zero-cost collar contracts				$ 195
Expiration date of foreign currency zero-cost collar contracts				Apr. 25, 2017
Zero-Cost Collar Contracts Maturing April 2017 [Member] | Call Option [Member]
Subsequent Event [Line Items]
Weighted-average rate of foreign currency zero-cost collar contracts | MXN / $				21.3
Zero-Cost Collar Contracts Maturing April 2017 [Member] | Put Option [Member]
Subsequent Event [Line Items]
Weighted-average rate of foreign currency zero-cost collar contracts | MXN / $				21.9
Zero-Cost Collar Contracts Maturing January 2018 [Member]
Subsequent Event [Line Items]
Aggregate notional amount of foreign currency zero-cost collar contracts				$ 250
Notional amount of zero-cost collar contracts settled by the Company					$ 115
Expiration date of foreign currency zero-cost collar contracts				Jan. 16, 2018
Zero-Cost Collar Contracts Maturing January 2018 [Member] | Call Option [Member]
Subsequent Event [Line Items]
Weighted-average rate of foreign currency zero-cost collar contracts | MXN / $				21.6
Zero-Cost Collar Contracts Maturing January 2018 [Member] | Put Option [Member]
Subsequent Event [Line Items]
Weighted-average rate of foreign currency zero-cost collar contracts | MXN / $				24.8
Subsequent Event [Member]
Subsequent Event [Line Items]
Aggregate notional amount of foreign currency zero-cost collar contracts	$ 25
Subsequent Event [Member] | Call Option [Member]
Subsequent Event [Line Items]
Weighted-average rate of foreign currency zero-cost collar contracts | MXN / $	18.86
Subsequent Event [Member] | Put Option [Member]
Subsequent Event [Line Items]
Weighted-average rate of foreign currency zero-cost collar contracts | MXN / $	19.73
Subsequent Event [Member] | Zero-Cost Collar Contracts Maturing April 2017 [Member]
Subsequent Event [Line Items]
Notional amount of zero-cost collar contracts settled by the Company		$ 20
Subsequent Event [Member] | Zero-Cost Collar Contracts Maturing April 2017 [Member] | Foreign Currency Gain (Loss) [Member]
Subsequent Event [Line Items]
Gain resulting from settling foreign currency zero-cost collar contracts		$ 3.2
Subsequent Event [Member] | Zero-Cost Collar Contracts Maturing July 2017 [Member]
Subsequent Event [Line Items]
Aggregate notional amount of foreign currency zero-cost collar contracts	$ 20
Expiration date of foreign currency zero-cost collar contracts	Jul. 27, 2017
Subsequent Event [Member] | Zero-Cost Collar Contracts Maturing January 2018 [Member]
Subsequent Event [Line Items]
Aggregate notional amount of foreign currency zero-cost collar contracts	$ 5
Expiration date of foreign currency zero-cost collar contracts	Jan. 18, 2018

Condensed Consolidating Finan43

Condensed Consolidating Financial Information (Narrative) (Details) - Senior Notes [Member] $ in Millions	Mar. 31, 2017USD ($)
Condensed Consolidating Financial Information KCS [Member] | KCS [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of the Senior Notes	$ 2,093.5
Condensed Consolidating Financial Information KCSR [Member] | KCSR [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of the Senior Notes	$ 2.9

Condensed Consolidating Stateme

Condensed Consolidating Statements of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Condensed Statements of Comprehensive Income [Line Items]
Revenues	$ 609.5	$ 562.7
Operating expenses	398.8	374.8
Operating income	210.7	187.9
Equity in net earnings (losses) of affiliates	4	3.9
Interest expense	(24.7)	(23.6)
Foreign exchange gain (loss)	46.8	(3.5)
Other income, net	1.1	0.2
Income before income taxes	237.9	164.9
Income tax expense	91	56.8
Net income	146.9	108.1
Less: Net income attributable to noncontrolling interest	0.3	0.3
Net income attributable to Kansas City Southern and subsidiaries	146.6	107.8
Other comprehensive income (loss)	0.8	(0.1)
Comprehensive income attributable to Kansas City Southern and subsidiaries	147.4	107.7
Condensed Consolidating Financial Information KCS [Member] | Consolidating Adjustments [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	(4.3)	(4.5)
Operating expenses	(4.3)	(4.5)
Operating income	0	0
Equity in net earnings (losses) of affiliates	(146.9)	(104.7)
Interest expense	23.7	25.3
Foreign exchange gain (loss)	0	0
Other income, net	(24.1)	(25.6)
Income before income taxes	(147.3)	(105)
Income tax expense	0	0
Net income	(147.3)	(105)
Less: Net income attributable to noncontrolling interest	0	0
Net income attributable to Kansas City Southern and subsidiaries	(147.3)	(105)
Other comprehensive income (loss)	(1.3)	0.1
Comprehensive income attributable to Kansas City Southern and subsidiaries	(148.6)	(104.9)
Condensed Consolidating Financial Information KCS [Member] | Parent [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	0	0
Operating expenses	1.1	1.1
Operating income	(1.1)	(1.1)
Equity in net earnings (losses) of affiliates	146.1	103.7
Interest expense	(20.6)	(18.9)
Foreign exchange gain (loss)	0	0
Other income, net	23.6	25.1
Income before income taxes	148	108.8
Income tax expense	1.3	1
Net income	146.7	107.8
Less: Net income attributable to noncontrolling interest	0	0
Net income attributable to Kansas City Southern and subsidiaries	146.7	107.8
Other comprehensive income (loss)	0.8	(0.1)
Comprehensive income attributable to Kansas City Southern and subsidiaries	147.5	107.7
Condensed Consolidating Financial Information KCS [Member] | Guarantor Subsidiaries [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	295.2	266.8
Operating expenses	217.5	199.9
Operating income	77.7	66.9
Equity in net earnings (losses) of affiliates	1.3	1.5
Interest expense	(18.7)	(21.6)
Foreign exchange gain (loss)	0	0
Other income, net	1.1	0.3
Income before income taxes	61.4	47.1
Income tax expense	23.6	18.5
Net income	37.8	28.6
Less: Net income attributable to noncontrolling interest	0.3	0.3
Net income attributable to Kansas City Southern and subsidiaries	37.5	28.3
Other comprehensive income (loss)	0	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	37.5	28.3
Condensed Consolidating Financial Information KCS [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	318.6	300.4
Operating expenses	184.5	178.3
Operating income	134.1	122.1
Equity in net earnings (losses) of affiliates	3.5	3.4
Interest expense	(9.1)	(8.4)
Foreign exchange gain (loss)	46.8	(3.5)
Other income, net	0.5	0.4
Income before income taxes	175.8	114
Income tax expense	66.1	37.3
Net income	109.7	76.7
Less: Net income attributable to noncontrolling interest	0	0
Net income attributable to Kansas City Southern and subsidiaries	109.7	76.7
Other comprehensive income (loss)	1.3	(0.1)
Comprehensive income attributable to Kansas City Southern and subsidiaries	111	76.6
Condensed Consolidating Financial Information KCSR [Member] | Consolidating Adjustments [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	(9.4)	(9.1)
Operating expenses	(9.4)	(9.1)
Operating income	0	0
Equity in net earnings (losses) of affiliates	(146.4)	(104.3)
Interest expense	23.7	25.3
Foreign exchange gain (loss)	0	0
Other income, net	(24.1)	(25.6)
Income before income taxes	(146.8)	(104.6)
Income tax expense	0	0
Net income	(146.8)	(104.6)
Less: Net income attributable to noncontrolling interest	0	0
Net income attributable to Kansas City Southern and subsidiaries	(146.8)	(104.6)
Other comprehensive income (loss)	(1.3)	0.1
Comprehensive income attributable to Kansas City Southern and subsidiaries	(148.1)	(104.5)
Condensed Consolidating Financial Information KCSR [Member] | Parent [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	0	0
Operating expenses	1.1	1.1
Operating income	(1.1)	(1.1)
Equity in net earnings (losses) of affiliates	146.1	103.7
Interest expense	(20.6)	(18.9)
Foreign exchange gain (loss)	0	0
Other income, net	23.6	25.1
Income before income taxes	148	108.8
Income tax expense	1.3	1
Net income	146.7	107.8
Less: Net income attributable to noncontrolling interest	0	0
Net income attributable to Kansas City Southern and subsidiaries	146.7	107.8
Other comprehensive income (loss)	0.8	(0.1)
Comprehensive income attributable to Kansas City Southern and subsidiaries	147.5	107.7
Condensed Consolidating Financial Information KCSR [Member] | KCSR [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	289.2	260.6
Operating expenses	212.9	195.6
Operating income	76.3	65
Equity in net earnings (losses) of affiliates	(0.1)	0.1
Interest expense	(18.7)	(21.6)
Foreign exchange gain (loss)	0	0
Other income, net	1.1	0.3
Income before income taxes	58.6	43.8
Income tax expense	22.6	17.1
Net income	36	26.7
Less: Net income attributable to noncontrolling interest	0	0
Net income attributable to Kansas City Southern and subsidiaries	36	26.7
Other comprehensive income (loss)	0	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	36	26.7
Condensed Consolidating Financial Information KCSR [Member] | Guarantor Subsidiaries [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	11.1	10.8
Operating expenses	9.7	8.9
Operating income	1.4	1.9
Equity in net earnings (losses) of affiliates	0.9	1
Interest expense	0	0
Foreign exchange gain (loss)	0	0
Other income, net	0	0
Income before income taxes	2.3	2.9
Income tax expense	1	1.4
Net income	1.3	1.5
Less: Net income attributable to noncontrolling interest	0.3	0.3
Net income attributable to Kansas City Southern and subsidiaries	1	1.2
Other comprehensive income (loss)	0	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	1	1.2
Condensed Consolidating Financial Information KCSR [Member] | Non-Guarantor Subsidiaries [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	318.6	300.4
Operating expenses	184.5	178.3
Operating income	134.1	122.1
Equity in net earnings (losses) of affiliates	3.5	3.4
Interest expense	(9.1)	(8.4)
Foreign exchange gain (loss)	46.8	(3.5)
Other income, net	0.5	0.4
Income before income taxes	175.8	114
Income tax expense	66.1	37.3
Net income	109.7	76.7
Less: Net income attributable to noncontrolling interest	0	0
Net income attributable to Kansas City Southern and subsidiaries	109.7	76.7
Other comprehensive income (loss)	1.3	(0.1)
Comprehensive income attributable to Kansas City Southern and subsidiaries	$ 111	$ 76.6

Condensed Consolidating Balance

Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Assets:
Current assets	$ 633	$ 648
Investments	38	32.9
Investments in consolidated subsidiaries	0	0
Property and equipment (including concession assets), net	8,132.5	8,069.7
Other assets	74.7	66.9
Total assets	8,878.2	8,817.5
Liabilities and equity:
Current liabilities	708.2	744.4
Long-term debt	2,263.6	2,271.5
Deferred income taxes	1,331.7	1,289.3
Other liabilities	105.8	107.8
Stockholders' equity	4,154	4,089.9
Noncontrolling interest	314.9	314.6
Total liabilities and equity	8,878.2	8,817.5
Condensed Consolidating Financial Information KCS [Member] | Consolidating Adjustments [Member]
Assets:
Current assets	(5.7)	(9.5)
Investments	0	0
Investments in consolidated subsidiaries	(4,141.2)	(3,991.4)
Property and equipment (including concession assets), net	(2.7)	(2.7)
Other assets	(2,244.2)	(2,244.2)
Total assets	(6,393.8)	(6,247.8)
Liabilities and equity:
Current liabilities	(7)	(10.9)
Long-term debt	(2,244.2)	(2,244.2)
Deferred income taxes	(0.9)	(0.9)
Other liabilities	0	0
Stockholders' equity	(4,141.7)	(3,991.8)
Noncontrolling interest	0	0
Total liabilities and equity	(6,393.8)	(6,247.8)
Condensed Consolidating Financial Information KCS [Member] | Parent [Member]
Assets:
Current assets	5.2	0.9
Investments	0	0
Investments in consolidated subsidiaries	3,646.4	3,497.7
Property and equipment (including concession assets), net	0	0
Other assets	2,015.4	2,015.5
Total assets	5,667	5,514.1
Liabilities and equity:
Current liabilities	(329.4)	(501.3)
Long-term debt	1,800.1	1,883.1
Deferred income taxes	26.7	26.9
Other liabilities	4	4
Stockholders' equity	4,165.6	4,101.4
Noncontrolling interest	0	0
Total liabilities and equity	5,667	5,514.1
Condensed Consolidating Financial Information KCS [Member] | Guarantor Subsidiaries [Member]
Assets:
Current assets	227.4	275.4
Investments	3.8	3.9
Investments in consolidated subsidiaries	494.8	493.7
Property and equipment (including concession assets), net	4,256.6	4,203.6
Other assets	50.2	43
Total assets	5,032.8	5,019.6
Liabilities and equity:
Current liabilities	877.2	1,004
Long-term debt	1,440.4	1,357.7
Deferred income taxes	1,095.9	1,075.3
Other liabilities	83.9	86.3
Stockholders' equity	1,220.5	1,181.7
Noncontrolling interest	314.9	314.6
Total liabilities and equity	5,032.8	5,019.6
Condensed Consolidating Financial Information KCS [Member] | Non-Guarantor Subsidiaries [Member]
Assets:
Current assets	406.1	381.2
Investments	34.2	29
Investments in consolidated subsidiaries	0	0
Property and equipment (including concession assets), net	3,878.6	3,868.8
Other assets	253.3	252.6
Total assets	4,572.2	4,531.6
Liabilities and equity:
Current liabilities	167.4	252.6
Long-term debt	1,267.3	1,274.9
Deferred income taxes	210	188
Other liabilities	17.9	17.5
Stockholders' equity	2,909.6	2,798.6
Noncontrolling interest	0	0
Total liabilities and equity	4,572.2	4,531.6
Condensed Consolidating Financial Information KCSR [Member] | Consolidating Adjustments [Member]
Assets:
Current assets	(5.7)	(10.5)
Investments	0	0
Investments in consolidated subsidiaries	(4,129)	(3,979.6)
Property and equipment (including concession assets), net	(2.7)	(2.7)
Other assets	(2,244.2)	(2,244.2)
Total assets	(6,381.6)	(6,237)
Liabilities and equity:
Current liabilities	(7)	(11.8)
Long-term debt	(2,244.2)	(2,244.3)
Deferred income taxes	(0.9)	(0.9)
Other liabilities	0	0
Stockholders' equity	(4,129.5)	(3,980)
Noncontrolling interest	0	0
Total liabilities and equity	(6,381.6)	(6,237)
Condensed Consolidating Financial Information KCSR [Member] | Parent [Member]
Assets:
Current assets	5.2	0.9
Investments	0	0
Investments in consolidated subsidiaries	3,646.4	3,497.7
Property and equipment (including concession assets), net	0	0
Other assets	2,015.4	2,015.5
Total assets	5,667	5,514.1
Liabilities and equity:
Current liabilities	(329.4)	(501.3)
Long-term debt	1,800.1	1,883.1
Deferred income taxes	26.7	26.9
Other liabilities	4	4
Stockholders' equity	4,165.6	4,101.4
Noncontrolling interest	0	0
Total liabilities and equity	5,667	5,514.1
Condensed Consolidating Financial Information KCSR [Member] | KCSR [Member]
Assets:
Current assets	221.6	271.8
Investments	3.8	3.9
Investments in consolidated subsidiaries	(10.1)	(9.8)
Property and equipment (including concession assets), net	4,079.4	4,024.5
Other assets	50.2	43
Total assets	4,344.9	4,333.4
Liabilities and equity:
Current liabilities	787.4	913.2
Long-term debt	1,440.4	1,357.7
Deferred income taxes	957.4	937.7
Other liabilities	83.8	86.2
Stockholders' equity	1,075.9	1,038.6
Noncontrolling interest	0	0
Total liabilities and equity	4,344.9	4,333.4
Condensed Consolidating Financial Information KCSR [Member] | Guarantor Subsidiaries [Member]
Assets:
Current assets	5.8	4.6
Investments	0	0
Investments in consolidated subsidiaries	492.7	491.7
Property and equipment (including concession assets), net	177.2	179.1
Other assets	0	0
Total assets	675.7	675.4
Liabilities and equity:
Current liabilities	89.8	91.7
Long-term debt	0	0.1
Deferred income taxes	138.5	137.6
Other liabilities	0.1	0.1
Stockholders' equity	132.4	131.3
Noncontrolling interest	314.9	314.6
Total liabilities and equity	675.7	675.4
Condensed Consolidating Financial Information KCSR [Member] | Non-Guarantor Subsidiaries [Member]
Assets:
Current assets	406.1	381.2
Investments	34.2	29
Investments in consolidated subsidiaries	0	0
Property and equipment (including concession assets), net	3,878.6	3,868.8
Other assets	253.3	252.6
Total assets	4,572.2	4,531.6
Liabilities and equity:
Current liabilities	167.4	252.6
Long-term debt	1,267.3	1,274.9
Deferred income taxes	210	188
Other liabilities	17.9	17.5
Stockholders' equity	2,909.6	2,798.6
Noncontrolling interest	0	0
Total liabilities and equity	$ 4,572.2	$ 4,531.6

Condensed Consolidating State46

Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating activities:
Net cash provided	$ 129.6	$ 160
Investing activities:
Capital expenditures	(160.1)	(122.1)
Purchase or replacement of equipment under operating leases	0	(4.6)
Property investments in MSLLC	(4.2)	(6.6)
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0	0
Contribution to consolidated affiliates	0	(0.1)
Other investing activities	1.9	(3.1)
Net cash used for investing activities	(162.4)	(136.5)
Financing activities:
Proceeds from short-term borrowings	2,747.8	4,194.8
Repayment of short-term borrowings	(2,664.9)	(4,221)
Dividends paid	(35.2)	(35.8)
Shares repurchased	(55.7)	(51)
Proceeds from loans from affiliates	0	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0	0
Other financing activities	(6.7)	(7.9)
Net cash used for financing activities	(14.7)	(120.9)
Cash and cash equivalents:
Net decrease during each period	(47.5)	(97.4)
At beginning of year	170.6	136.6
At end of period	123.1	39.2
Condensed Consolidating Financial Information KCS [Member] | Consolidating Adjustments [Member]
Operating activities:
Net cash provided	0	(98.4)
Investing activities:
Capital expenditures	0	0
Purchase or replacement of equipment under operating leases		0
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	(2,752.1)	(4,297.1)
Loans to affiliates	2,747.8	4,194.8
Contribution to consolidated affiliates	0.4	96.9
Other investing activities	0	0
Net cash used for investing activities	(3.9)	(5.4)
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	0	0
Dividends paid	0	96.7
Shares repurchased	0	0
Proceeds from loans from affiliates	(2,747.8)	(4,194.8)
Repayment of loans from affiliates	2,752.1	4,297.1
Contribution from affiliates	(0.4)	(96.9)
Other financing activities	0	1.7
Net cash used for financing activities	3.9	103.8
Cash and cash equivalents:
Net 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	4	109.9
Investing activities:
Capital expenditures	0	0
Purchase or replacement of equipment under operating leases		0
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	2,752.1	4,297.1
Loans to affiliates	(2,747.8)	(4,194.8)
Contribution to consolidated affiliates	(0.2)	(96.8)
Other investing activities	0	0
Net cash used for investing activities	4.1	5.5
Financing activities:
Proceeds from short-term borrowings	2,747.8	4,194.8
Repayment of short-term borrowings	(2,664.9)	(4,221)
Dividends paid	(35.2)	(35.8)
Shares repurchased	(55.7)	(51)
Proceeds from loans from affiliates	0	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0	0
Other financing activities	0	0
Net cash used for financing activities	(8)	(113)
Cash and cash equivalents:
Net decrease during each period	0.1	2.4
At beginning of year	0.2	0.2
At end of period	0.3	2.6
Condensed Consolidating Financial Information KCS [Member] | Guarantor Subsidiaries [Member]
Operating activities:
Net cash provided	86.4	98.6
Investing activities:
Capital expenditures	(110.9)	(85.3)
Purchase or replacement of equipment under operating leases		(4.6)
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0	0
Contribution to consolidated affiliates	(0.2)	(0.1)
Other investing activities	0.9	(4.9)
Net cash used for investing activities	(110.2)	(94.9)
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	0	0
Dividends paid	0	0
Shares repurchased	0	0
Proceeds from loans from affiliates	2,747.8	4,194.8
Repayment of loans from affiliates	(2,752.1)	(4,297.1)
Contribution from affiliates	0.2	96.8
Other financing activities	(0.9)	(1)
Net cash used for financing activities	(5)	(6.5)
Cash and cash equivalents:
Net decrease during each period	(28.8)	(2.8)
At beginning of year	32.6	10.2
At end of period	3.8	7.4
Condensed Consolidating Financial Information KCS [Member] | Non-Guarantor Subsidiaries [Member]
Operating activities:
Net cash provided	39.2	49.9
Investing activities:
Capital expenditures	(49.2)	(36.8)
Purchase or replacement of equipment under operating leases		0
Property investments in MSLLC	(4.2)	(6.6)
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0	0
Contribution to consolidated affiliates	0	(0.1)
Other investing activities	1	1.8
Net cash used for investing activities	(52.4)	(41.7)
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	0	0
Dividends paid	0	(96.7)
Shares repurchased	0	0
Proceeds from loans from affiliates	0	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0.2	0.1
Other financing activities	(5.8)	(8.6)
Net cash used for financing activities	(5.6)	(105.2)
Cash and cash equivalents:
Net decrease during each period	(18.8)	(97)
At beginning of year	137.8	126.2
At end of period	119	29.2
Condensed Consolidating Financial Information KCSR [Member] | Consolidating Adjustments [Member]
Operating activities:
Net cash provided	0	(98.4)
Investing activities:
Capital expenditures	0	0
Purchase or replacement of equipment under operating leases		0
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	(2,752.1)	(4,297.1)
Loans to affiliates	2,747.8	4,194.8
Contribution to consolidated affiliates	0.4	96.9
Other investing activities	0	0
Net cash used for investing activities	(3.9)	(5.4)
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	0	0
Dividends paid	0	96.7
Shares repurchased	0	0
Proceeds from loans from affiliates	(2,747.8)	(4,194.8)
Repayment of loans from affiliates	2,752.1	4,297.1
Contribution from affiliates	(0.4)	(96.9)
Other financing activities	0	1.7
Net cash used for financing activities	3.9	103.8
Cash and cash equivalents:
Net 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	4	109.9
Investing activities:
Capital expenditures	0	0
Purchase or replacement of equipment under operating leases		0
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	2,752.1	4,297.1
Loans to affiliates	(2,747.8)	(4,194.8)
Contribution to consolidated affiliates	(0.2)	(96.8)
Other investing activities	0	0
Net cash used for investing activities	4.1	5.5
Financing activities:
Proceeds from short-term borrowings	2,747.8	4,194.8
Repayment of short-term borrowings	(2,664.9)	(4,221)
Dividends paid	(35.2)	(35.8)
Shares repurchased	(55.7)	(51)
Proceeds from loans from affiliates	0	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0	0
Other financing activities	0	0
Net cash used for financing activities	(8)	(113)
Cash and cash equivalents:
Net decrease during each period	0.1	2.4
At beginning of year	0.2	0.2
At end of period	0.3	2.6
Condensed Consolidating Financial Information KCSR [Member] | KCSR [Member]
Operating activities:
Net cash provided	86.3	97.8
Investing activities:
Capital expenditures	(110.9)	(85.1)
Purchase or replacement of equipment under operating leases		(4.6)
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0	0
Contribution to consolidated affiliates	0	0
Other investing activities	0.9	(4.9)
Net cash used for investing activities	(110)	(94.6)
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	0	0
Dividends paid	0	0
Shares repurchased	0	0
Proceeds from loans from affiliates	2,747.8	4,194.8
Repayment of loans from affiliates	(2,752.1)	(4,297.1)
Contribution from affiliates	0	96.7
Other financing activities	(0.8)	(0.9)
Net cash used for financing activities	(5.1)	(6.5)
Cash and cash equivalents:
Net decrease during each period	(28.8)	(3.3)
At beginning of year	32.6	10.1
At end of period	3.8	6.8
Condensed Consolidating Financial Information KCSR [Member] | Guarantor Subsidiaries [Member]
Operating activities:
Net cash provided	0.1	0.8
Investing activities:
Capital expenditures	0	(0.2)
Purchase or replacement of equipment under operating leases		0
Property investments in MSLLC	0	0
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0	0
Contribution to consolidated affiliates	(0.2)	(0.1)
Other investing activities	0	0
Net cash used for investing activities	(0.2)	(0.3)
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	0	0
Dividends paid	0	0
Shares repurchased	0	0
Proceeds from loans from affiliates	0	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0.2	0.1
Other financing activities	(0.1)	(0.1)
Net cash used for financing activities	0.1	0
Cash and cash equivalents:
Net decrease during each period	0	0.5
At beginning of year	0	0.1
At end of period	0	0.6
Condensed Consolidating Financial Information KCSR [Member] | Non-Guarantor Subsidiaries [Member]
Operating activities:
Net cash provided	39.2	49.9
Investing activities:
Capital expenditures	(49.2)	(36.8)
Purchase or replacement of equipment under operating leases		0
Property investments in MSLLC	(4.2)	(6.6)
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0	0
Contribution to consolidated affiliates	0	(0.1)
Other investing activities	1	1.8
Net cash used for investing activities	(52.4)	(41.7)
Financing activities:
Proceeds from short-term borrowings	0	0
Repayment of short-term borrowings	0	0
Dividends paid	0	(96.7)
Shares repurchased	0	0
Proceeds from loans from affiliates	0	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0.2	0.1
Other financing activities	(5.8)	(8.6)
Net cash used for financing activities	(5.6)	(105.2)
Cash and cash equivalents:
Net decrease during each period	(18.8)	(97)
At beginning of year	137.8	126.2
At end of period	$ 119	$ 29.2