Kansas City Southern (KSU) 10-Q 19 Jul 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 12, 2019
Document Information [Line Items]
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Central Index Key	0000054480
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	1-4717
Entity Registrant Name	KANSAS CITY SOUTHERN
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	44-0663509
Entity Address, Address Line One	427 West 12th Street
Entity Address, City or Town	Kansas City
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	64105
City Area Code	816
Local Phone Number	983.1303
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		99,913,836
$25 Par Preferred Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Preferred Stock, Par Value $25 Per Share, 4%, Noncumulative
Trading Symbol	KSU
Security Exchange Name	NYSE
Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $.01 Per Share Par Value
Trading Symbol	KSU
Security Exchange Name	NYSE

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues	$ 714	$ 682.4	$ 1,388.8	$ 1,321
Operating expenses:
Compensation and benefits	128.3	122.3	257.2	243.9
Purchased services	56.7	49.5	109.5	96.6
Fuel	87.7	85.5	170.7	166.8
Mexican fuel excise tax credit	0	(8)	0	(17.2)
Equipment costs	26.3	30.7	56.7	62.9
Depreciation and amortization	87.7	86.3	176.2	169.6
Materials and other	68.3	70.3	131.7	133.9
Restructuring charges	51	0	118.5	0
Total operating expenses	506	436.6	1,020.5	856.5
Operating income	208	245.8	368.3	464.5
Equity in net earnings (losses) of affiliates	(0.2)	1	1.5	2
Interest expense	(28)	(28)	(56.2)	(53.5)
Debt retirement costs	0	(2.2)	(0.6)	(2.2)
Foreign exchange gain (loss)	8.3	(21)	12.9	6.8
Other income, net	0.1	0.5	0.2	0.2
Income before income taxes	188.2	196.1	326.1	417.8
Income tax expense	59.1	47.4	93.8	124.2
Net income	129.1	148.7	232.3	293.6
Less: Net income attributable to noncontrolling interest	0.4	0.5	0.8	0.9
Net income attributable to Kansas City Southern and subsidiaries	128.7	148.2	231.5	292.7
Preferred stock dividends	0	0	0.1	0.1
Net income available to common stockholders	$ 128.7	$ 148.2	$ 231.4	$ 292.6
Earnings per share:
Basic earnings per share	$ 1.29	$ 1.45	$ 2.31	$ 2.86
Diluted earnings per share	$ 1.28	$ 1.45	$ 2.30	$ 2.85
Average shares outstanding (in thousands):
Basic	100,028	102,092	100,264	102,332
Potentially dilutive common shares	394	400	405	401
Diluted	100,422	102,492	100,669	102,733

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net income	$ 129.1	$ 148.7	$ 232.3	$ 293.6
Other comprehensive income (loss):
Unrealized gain (loss) on interest rate derivative instruments during the period, net of tax of $(2.4) million, $0.5 million, $(4.1) million and $2.1 million, respectively	(7.6)	1.5	(12.7)	6
Foreign currency translation adjustments	0.1	(1.2)	0.3	0
Other comprehensive income (loss)	(7.5)	0.3	(12.4)	6
Comprehensive income	121.6	149	219.9	299.6
Less: Comprehensive income attributable to noncontrolling interest	0.4	0.5	0.8	0.9
Comprehensive income attributable to Kansas City Southern and subsidiaries	$ 121.2	$ 148.5	$ 219.1	$ 298.7

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Tax effect on unrealized gain (loss) on interest rate derivative instruments during the period	$ (2.4)	$ 0.5	$ (4.1)	$ 2.1

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 47.6	$ 100.5
Accounts receivable, net	296.3	301.2
Materials and supplies	154.5	160.3
Other current assets	111.3	73.4
Total current assets	609.7	635.4
Operating lease right-of-use assets	193.2	0
Investments	48	44.9
Property and equipment (including concession assets), net	8,744.6	8,691.1
Other assets	42.6	98.4
Total assets	9,638.1	9,469.8
Current liabilities:
Long-term debt due within one year	283.9	10.1
Accounts payable and accrued liabilities	483.4	436.9
Total current liabilities	767.3	447
Long-term operating lease liabilities	103.8	0
Long-term debt	2,401.4	2,679.3
Deferred income taxes	1,088.1	1,079.9
Other noncurrent liabilities and deferred credits	126	130.9
Total liabilities	4,486.6	4,337.1
Stockholders' equity:
$.01 par, common stock, 400,000,000 shares authorized; 123,352,185 shares issued; 99,877,377 and 100,896,678 shares outstanding at June 30, 2019 and December 31, 2018, respectively	1	1
Additional paid-in capital	947.1	946.6
Retained earnings	3,898.8	3,870.6
Accumulated other comprehensive loss	(23.3)	(10.9)
Total stockholders’ equity	4,829.2	4,813
Noncontrolling interest	322.3	319.7
Total equity	5,151.5	5,132.7
Total liabilities and equity	9,638.1	9,469.8
$25 Par Preferred Stock [Member]
Stockholders' equity:
$25 par, 4% noncumulative, preferred stock, 840,000 shares authorized, 649,736 shares issued; 223,495 and 228,395 shares outstanding at June 30, 2019 and December 31, 2018, respectively	$ 5.6	$ 5.7

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
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	99,877,377	100,896,678
$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	223,495	228,395

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities:
Net income	$ 232.3	$ 293.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	176.2	169.6
Deferred income taxes	12.2	31.5
Equity in net earnings of affiliates	(1.5)	(2)
Share-based compensation	12	11.6
Distributions from affiliates	3	2.5
Settlement of foreign currency derivative instruments	4.8	12
Gain on foreign currency derivative instruments	(10.9)	(4.1)
Restructuring charges	118.5	0
Cash payments for restructuring charges	(1.4)	0
Deemed mandatory repatriation tax	0	(4)
Changes in working capital items:
Accounts receivable	15.6	(17.2)
Materials and supplies	4.5	1.8
Other current assets	(16.3)	(21.3)
Accounts payable and accrued liabilities	(6.8)	(41)
Other, net	(1)	(7.2)
Net cash provided by operating activities	541.2	425.8
Investing activities:
Capital expenditures	(350.4)	(267.3)
Purchase or replacement of equipment under operating leases	(0.9)	(98.9)
Property investments in MSLLC	(22.3)	(20.4)
Investments in and advances to affiliates	(15.3)	(6.3)
Proceeds from disposal of property	12.3	5.7
Other, net	2.5	3
Net cash used	(374.1)	(384.2)
Financing activities:
Net short-term borrowings	0	(348.1)
Proceeds from issuance of long-term debt	0	499.4
Repayment of long-term debt	(5.5)	(76)
Dividends paid	(72.6)	(74.1)
Shares repurchased	(142.7)	(108.5)
Debt issuance and retirement costs paid	(2.5)	(8)
Proceeds from employee stock plans	3.3	0.7
Net cash used for financing activities	(220)	(114.6)
Cash and cash equivalents:
Net decrease during each period	(52.9)	(73)
At beginning of year	100.5	134.1
At end of period	$ 47.6	$ 61.1

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Millions	Total	$25 Par Preferred Stock [Member]	$25 Par Preferred Stock [Member]	$.01 Par Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Retained Earnings [Member]$25 Par Preferred Stock [Member]	Accumulated Other Comprehensive Loss [Member]	Non-controlling Interest [Member]
Balance at Dec. 31, 2017	$ 4,865.4		$ 6.1	$ 1	$ 943.3	$ 3,611.4		$ (12.9)	$ 316.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Reclassification due to adoption of ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income	0					0.7		(0.7)
Net income	144.9					144.5			0.4
Other comprehensive income (loss)	5.7							5.7
Dividends on common stock	(36.9)					(36.9)
Dividends on preferred stock		$ (0.1)					$ (0.1)
Share repurchases	(54)			0	(4.6)	(49.4)
Options exercised and stock subscribed, net of shares withheld for employee taxes	0.6				0.6
Share-based compensation	5.8				5.8
Balance at Mar. 31, 2018	4,931.4		6.1	1	945.1	3,670.2		(7.9)	316.9
Balance at Dec. 31, 2017	4,865.4		6.1	1	943.3	3,611.4		(12.9)	316.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	293.6
Other comprehensive income (loss)	6
Balance at Jun. 30, 2018	4,996.2		6.1	1	946.4	3,731.7		(7.6)	318.6
Balance at Mar. 31, 2018	4,931.4		6.1	1	945.1	3,670.2		(7.9)	316.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	148.7					148.2			0.5
Other comprehensive income (loss)	0.3							0.3
Contribution from noncontrolling interest	1.2								1.2
Dividends on common stock	(36.8)					(36.8)
Dividends on preferred stock		0					0
Share repurchases	(54.5)			0	(4.6)	(49.9)
Options exercised and stock subscribed, net of shares withheld for employee taxes	0.1				0.1
Share-based compensation	5.8				5.8
Balance at Jun. 30, 2018	4,996.2		6.1	1	946.4	3,731.7		(7.6)	318.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	174					173.6			0.4
Other comprehensive income (loss)	4.2							4.2
Dividends on common stock	(36.6)					(36.6)
Dividends on preferred stock		(0.1)					(0.1)
Share repurchases	(54.8)		(0.2)	0	(4.4)	(50.2)
Options exercised and stock subscribed, net of shares withheld for employee taxes	3.5				3.5
Share-based compensation	4.4				4.4
Balance at Sep. 30, 2018	5,090.8		5.9	1	949.9	3,818.4		(3.4)	319
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	161.8					161.1			0.7
Other comprehensive income (loss)	(7.5)							(7.5)
Dividends on common stock	(36.4)					(36.4)
Dividends on preferred stock		0					0
Share repurchases	(80.2)		(0.2)	0	(7.5)	(72.5)
Options exercised and stock subscribed, net of shares withheld for employee taxes	(0.2)				(0.2)
Share-based compensation	4.4				4.4
Balance at Dec. 31, 2018	5,132.7		5.7	1	946.6	3,870.6		(10.9)	319.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	103.2					102.8			0.4
Other comprehensive income (loss)	(4.9)							(4.9)
Contribution from noncontrolling interest	1.8								1.8
Dividends on common stock	(36.3)					(36.3)
Dividends on preferred stock		(0.1)					(0.1)
Share repurchases	(50.3)		0	0	(4.4)	(45.9)
Options exercised and stock subscribed, net of shares withheld for employee taxes	(2.1)				(2.1)
Share-based compensation	6				6
Balance at Mar. 31, 2019	5,150		5.7	1	946.1	3,891.1		(15.8)	321.9
Balance at Dec. 31, 2018	5,132.7		5.7	1	946.6	3,870.6		(10.9)	319.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	232.3
Other comprehensive income (loss)	(12.4)
Share repurchases		(0.1)
Balance at Jun. 30, 2019	5,151.5		5.6	1	947.1	3,898.8		(23.3)	322.3
Balance at Mar. 31, 2019	5,150		5.7	1	946.1	3,891.1		(15.8)	321.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	129.1					128.7			0.4
Other comprehensive income (loss)	(7.5)							(7.5)
Dividends on common stock	(36)					(36)
Dividends on preferred stock		0					$ 0
Share repurchases	(92.4)	$ (0.1)	(0.1)	0	(7.3)	(85)
Options exercised and stock subscribed, net of shares withheld for employee taxes	2.3				2.3
Share-based compensation	6				6
Balance at Jun. 30, 2019	$ 5,151.5		$ 5.6	$ 1	$ 947.1	$ 3,898.8		$ (23.3)	$ 322.3

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018
Common Stock, Dividends Per Share	$ 0.36	$ 0.36	$ 0.36	$ 0.36	$ 0.36	$ 0.36
$25 Par Preferred Stock [Member]
Preferred Stock, Par Value	25	25	25	25	25	25
Preferred Stock, Dividends Per Share	$ 0.25	$ 0.25	$ 0.25	$ 0.25	$ 0.25	$ 0.25

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2019
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 reflect a fair statement of 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, 2018 . The results of operations for the three and six months ended June 30, 2019 , are not necessarily indicative of the results to be expected for the full year ending December 31, 2019 . Certain prior year amounts have been reclassified to conform to the current year presentation. During the first quarter of 2019, the Company adopted Accounting Standards Update (“ASU”) No. 2016-02, Leases, also known as Accounting Standard Codification (“ASC”) Topic 842, which requires lessees to recognize for all operating leases a right-of-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 previous accounting guidance. Lessor accounting under the new standard is substantially unchanged and is immaterial to the Company. The Company adopted the accounting standard using a prospective transition approach, which applies the provisions of the new guidance at the effective date without adjusting the comparative periods presented, with certain practical expedients available to ease the burden of adoption. The Company elected the following practical expedients upon adoption: not to reassess whether any expired or existing contracts are or contain leases, not to reassess the lease classification for any expired or existing leases, not to reassess initial direct costs for any existing leases, not to separately identify lease and nonlease components (i.e. maintenance costs) except for fleet vehicles and real estate, and not to evaluate historical land easements under the new guidance. Additionally, the Company elected the short-term lease exemption policy, applying the requirements of ASC 842 to long-term leases (leases greater than 1 year). Adoption of the new standard resulted in $175.2 million of additional right-of-use lease assets and lease liabilities as of January 1, 2019. The new standard did not have a significant impact on the consolidated statement of income. See Note 4 , Leases for additional information.

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring Charges	Restructuring Charges The Company is implementing certain principles of Precision Scheduled Railroading (“PSR”), which focus on providing reliable customer service, facilitating growth, improving asset utilization, and improving the cost profile of the Company. As a result of the PSR initiatives, management approved a restructuring plan during the first quarter of 2019, which resulted in restructuring charges of $67.5 million. Management approved a second restructuring plan during the second quarter of 2019, which coincided with the preparation of the Company’s quarterly financial statements, and recognized restructuring charges of $51.0 million in the consolidated statements of income. Expenses related to these initiatives are shown in the following table ( in millions ): 2019 First Quarter Second Quarter Year-to-Date Restructuring charges: Asset impairments $ 62.5 $ 50.7 $ 113.2 Workforce reduction 3.2 — 3.2 Contract restructuring 1.8 0.3 2.1 Total restructuring charges $ 67.5 $ 51.0 $ 118.5 Asset Impairments. The Company committed to plans to dispose of certain locomotives and rail cars to increase operational fluidity, reduce maintenance expense, and improve labor and fuel efficiency. Accordingly, the Company performed an impairment analysis to adjust the carrying amount of the assets to the lower of its depreciated book value or its estimated fair value, less costs to dispose, and stopped recognizing depreciation expense. During the second quarter of 2019, the Company sold 48 of 97 locomotives and 243 of 1,125 rail cars identified under the plans. The carrying amount of the remaining assets held for sale of $10.4 million is classified as an other current assets within the consolidated balance sheet at June 30, 2019. Workforce Reduction. The Company recognized severance costs associated with a planned workforce reduction as a result of a lower active locomotive fleet and rail cars online. Contract Restructuring. The Company terminated certain third party vendor contracts in order to drive operational efficiencies, which resulted in contract termination penalties.

Mexican Fuel Excise Tax Credit

Mexican Fuel Excise Tax Credit	6 Months Ended
	Jun. 30, 2019
Mexican Fuel Excise Tax Credit [Abstract]
Mexican Fuel Excise Tax Credit	Mexican Fuel Excise Tax Credit Fuel purchases in Mexico are subject to an excise tax that is included in the price of fuel. Through April 29, 2019, the Company was eligible for 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. For years 2018, 2017, and 2016, the Mexican fuel excise tax credit (“IEPS credit”) was utilized and realized through the offset of the total annual Mexico income tax liability and income tax withholding payment obligations of KCSM, with no carryforward to future periods and recognized as a benefit in operating expenses on the consolidated statements of income. In December 2018, the Mexican government enacted changes in the tax law effective January 1, 2019 (“Mexico Tax Reform”), which, among other things, for 2019 eliminated the option to monetize the IEPS credit by offsetting income tax withholding payment obligations. As a result, the Company was allowed to offset the 2019 IEPS credit only against its Mexico corporate income tax liability on the 2019 annual income tax return. The elimination of the option to apply the IEPS credit to income tax withholding payment obligations required the Company to recognize the IEPS credit as a reduction of income tax expense rather than a reduction of operating expenses for 2019. On April 29, 2019, the Servicio de Administración Tributaria (the “SAT”), the Mexican equivalent of the IRS, published the Miscellaneous Fiscal Resolution for 2019 (“2019 Resolution”), which eliminated the Company’s eligibility for the IEPS credit effective beginning April 30, 2019. During the period of eligibility in 2019, the Company generated IEPS credits resulting in an approximate $12.0 million net tax benefit, of which $4.9 million

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Leases The Company leases transportation equipment, as well as office and other operating facilities, under various finance and operating leases. Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As the implicit rate is not readily determinable in most of the Company’s lease agreements, the Company uses its estimated secured incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Lease expense is recognized on a straight-line basis over the lease term. The Company determines if an arrangement is a lease or contains a lease at inception. The Company’s leases have remaining lease terms of approximately 1 year to 15 years, which may include the option to extend the lease when it is reasonably certain the Company will exercise that option. The Company does not have lease agreements with residual value guarantees, sale leaseback terms or material restrictive covenants. Additionally, short-term leases and leases with variable lease costs are immaterial, and the Company does not have any sublease arrangements. Leases Classification June 30, 2019 ( in millions ) Assets Operating Operating lease right-of-use assets $ 193.2 Finance Property and equipment (including concession assets), net 9.5 Total leased assets $ 202.7 Liabilities Current Operating Accounts payable and accrued liabilities $ 47.7 Finance Long-term debt due within one year 1.8 Noncurrent Operating Long-term operating lease liabilities 103.8 Finance Long-term debt 7.7 Total lease liabilities $ 161.0 June 30, 2019 (in millions) Lease Cost Classification Three Months Ended Six Months Ended Operating lease cost Equipment costs $ 13.4 $ 27.2 Finance lease cost: Amortization of finance lease assets Depreciation and amortization 0.9 1.8 Interest on lease liabilities Interest expense 0.3 0.6 Total lease cost $ 14.6 $ 29.6 Cash Flow Information Cash paid for operating leases included in operating activities $ 32.5 Cash paid for finance leases included in operating activities 0.6 Cash paid for finance leases included in financing activities 1.8 Right-of-use assets obtained in exchange for operating lease liabilities 7.3 Lease Term and Discount Rate Weighted-Average Remaining Lease Term (years) Weighted-Average Discount Rate Operating leases 7.1 4.4 % Finance leases 4.5 11.1 % Remaining Maturities of Lease Liabilities Year Ending December 31 ( in millions ), Operating Leases Finance Leases 2019 $ 53.4 $ 1.9 2020 31.3 2.7 2021 23.8 2.7 2022 17.0 2.7 2023 12.5 2.4 Thereafter 36.0 0.1 Total lease payments 174.0 12.5 Less imputed interest 22.5 3.0 Total $ 151.5 $ 9.5 As of June 30, 2019, the Company had additional operating leases that have not yet commenced of $5.4 million , which will commence during fiscal year 2019, and carry lease terms of 34 months to 60

Revenue

Revenue	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of Revenue The following table presents revenues disaggregated by the major commodity groups as well as the product types included within the major commodity groups (in millions) . The Company believes disaggregation by product type best depicts how cash flows are affected by economic factors. See Note 14 for revenues by geographical area. Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Chemical & Petroleum Chemicals $ 61.6 $ 60.4 $ 122.1 $ 118.1 Petroleum 90.0 57.8 164.3 106.8 Plastics 36.7 39.6 70.5 72.6 Total 188.3 157.8 356.9 297.5 Industrial & Consumer Products Forest Products 63.2 69.2 129.6 134.5 Metals & Scrap 59.9 54.0 116.9 107.8 Other 27.2 29.5 53.6 56.7 Total 150.3 152.7 300.1 299.0 Agriculture & Minerals Grain 73.2 75.4 145.9 140.6 Food Products 34.7 36.3 70.4 72.5 Ores & Minerals 5.8 5.8 12.3 10.7 Stone, Clay & Glass 8.7 7.6 16.7 14.7 Total 122.4 125.1 245.3 238.5 Energy Utility Coal 27.5 23.9 60.0 53.2 Coal & Petroleum Coke 10.1 11.2 20.6 21.4 Frac Sand 6.7 10.5 14.7 21.6 Crude Oil 9.6 10.9 23.2 21.6 Total 53.9 56.5 118.5 117.8 Intermodal 92.6 93.7 172.5 184.6 Automotive 70.9 67.3 128.5 127.1 Total Freight Revenues 678.4 653.1 1,321.8 1,264.5 Other Revenue 35.6 29.3 67.0 56.5 Total Revenues $ 714.0 $ 682.4 $ 1,388.8 $ 1,321.0 Contract Balances The amount of revenue recognized in the second quarter of 2019 from performance obligations partially satisfied in previous periods was $18.7 million . The performance obligations that were unsatisfied or partially satisfied as of June 30, 2019 , were $19.7 million , which represents in-transit shipments that are fully satisfied the following month. A receivable is any unconditional right to consideration, and is recognized as shipments have been completed and the relating performance obligation has been fully satisfied. At June 30, 2019 and December 31, 2018 , the accounts receivable, net balance was $296.3 million and $301.2 million , respectively. Contract assets represent a conditional right to consideration in exchange for goods or services. The Company did not have any contract assets at June 30, 2019 and December 31, 2018. Contract liabilities represent consideration received in advance from customers, and are recognized as revenue over time as the relating performance obligation is satisfied. The amount of revenue recognized in the second quarter of 2019 that was included in the opening contract liability balance was $10.1 million . The Company has recognized contract liabilities within the accounts payable and accrued liabilities financial statement caption on the balance sheet. These are considered current liabilities as they will be settled in less than 12 months. The following tables summarize the changes in contract liabilities (in millions) : Contract liabilities Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Beginning balance $ 22.3 $ 20.0 $ 32.4 $ 26.8 Revenue recognized that was included in the contract liability balance at the beginning of the period (10.1 ) (9.1 ) (24.2 ) (18.5 ) Increases due to consideration received, excluding amounts recognized as revenue during the period 6.8 5.7 10.8 8.3 Ending balance $ 19.0 $ 16.6 $ 19.0 $ 16.6

Earnings Per Share Data

Earnings Per Share Data	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share Data	Earnings Per Share Data Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share adjusts basic earnings per common share for the effects of potentially dilutive common shares, if the effect is not anti-dilutive. Potentially dilutive common shares include the dilutive effects of shares issuable under the stock option and performance award plans. The following table reconciles the basic earnings per share computation to the diluted earnings per share computation (in millions, except share and per share amounts) : Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Net income available to common stockholders for purposes of computing basic and diluted earnings per share $ 128.7 $ 148.2 $ 231.4 $ 292.6 Weighted-average number of shares outstanding ( in thousands ): Basic shares 100,028 102,092 100,264 102,332 Effect of dilution 394 400 405 401 Diluted shares 100,422 102,492 100,669 102,733 Earnings per share: Basic earnings per share $ 1.29 $ 1.45 $ 2.31 $ 2.86 Diluted earnings per share $ 1.28 $ 1.45 $ 2.30 $ 2.85 Potentially dilutive shares excluded from the calculation (in thousands): Stock options excluded as their inclusion would be anti-dilutive 134 93 212 100

Property and Equipment (includi

Property and Equipment (including Concession Assets)	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Property and Equipment (including Concession Assets)	Property and Equipment (including Concession Assets) Property and equipment, including concession assets, and related accumulated depreciation and amortization are summarized below (in millions) : June 30, December 31, Land $ 219.0 $ 219.3 Concession land rights 141.2 141.2 Road property 7,806.0 7,711.4 Equipment 2,699.1 2,739.5 Technology and other 313.8 305.6 Construction in progress 188.0 152.5 Total property 11,367.1 11,269.5 Accumulated depreciation and amortization 2,622.5 2,578.4 Property and equipment (including concession assets), net $ 8,744.6 $ 8,691.1 Concession assets, net of accumulated amortization of $683.2 million and $645.2 million , totaled $2,295.0 million and $2,260.4 million at June 30, 2019 and December 31, 2018 , respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s derivative financial instruments are measured at fair value on a recurring basis and consist of foreign currency forward and option contracts and treasury lock agreements, 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 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 carrying value of the Company’s debt was $2,685.3 million and $2,689.4 million at June 30, 2019 and December 31, 2018 , 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 Level 2 in the fair value hierarchy. The fair value of the Company’s financial instruments is presented in the following table (in millions) : June 30, 2019 December 31, 2018 Level 2 Level 2 Assets Foreign currency derivative instruments $ 6.4 $ 0.3 Liabilities Debt instruments 2,808.6 2,661.3 Treasury lock agreements 18.8 2.0

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company enters into derivative transactions in certain situations based on management’s assessment of current market conditions and perceived risks. Management intends to respond to evolving business and market conditions and in doing so, may enter into such transactions as deemed appropriate. Credit Risk. As a result of the use of derivative instruments, the Company is exposed to counterparty credit risk. The Company manages this risk by limiting its counterparties to large financial institutions which meet the Company’s credit rating standards and have an established banking relationship with the Company. As of June 30, 2019 , the Company did not expect any losses as a result of default of its counterparties. Interest Rate Derivative Instruments . In May 2017, the Company executed four treasury lock agreements with an aggregate notional value of $275.0 million and a weighted average interest rate of 2.85% . The purpose of the treasury locks is to hedge the U.S. Treasury benchmark interest rate associated with future interest payments related to the anticipated refinancing of the $275.0 million , 2.35% senior notes due May 15, 2020 . The Company has designated the treasury locks as cash flow hedges and recorded unrealized gains and losses in accumulated other comprehensive loss. Upon settlement, the unrealized gain or loss in accumulated other comprehensive income will be amortized to interest expense over the life of the future underlying debt issuance. 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. The Company’s foreign currency forward and zero-cost collar contracts are executed with counterparties in the U.S. and are governed by International Swaps and Derivatives Association agreements that include standard netting arrangements. Asset and liability positions from contracts with the same counterparty are net settled upon maturity/expiration and presented on a net basis in the consolidated balance sheets prior to settlement. There was no offsetting of derivative assets or liabilities in the consolidated balance sheets as of June 30, 2019 and December 31, 2018 . Below is a summary of the Company’s 2019 and 2018 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) Notional amount Notional amount Weighted-average exchange rate (in Ps./USD) Cash received/(paid) on settlement Contracts executed in 2019 and outstanding $ 170.0 Ps. 3,442.3 Ps. 20.2 — — — — Contracts executed in 2019 and settled in 2019 $ 240.0 Ps. 4,683.8 Ps. 19.5 $ 244.5 Ps. 4,683.8 Ps. 19.2 $ 4.5 Foreign currency zero-cost collar contracts Notional amount Cash received/(paid) on settlement Contracts executed in 2018 and settled in 2019 $ 120.0 $ 0.3 Contracts executed in 2018 and settled in 2018 (i) $ 220.0 $ 3.9 Contracts executed in 2017 and settled in 2018 (i) $ 80.0 $ 10.0 (i) During the first half of 2018, the Company settled $125.0 million and $80.0 million of zero-cost collar contracts executed in 2018 and 2017, respectively, resulting in cash received of $2.0 million and $10.0 million . 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 cash flows associated with these instruments is classified as an operating activity within the consolidated statements of cash flows. The following tables present the fair value of derivative instruments included in the Consolidated Balance Sheets ( in millions ): Derivative Assets Balance Sheet Location June 30, December 31, 2018 Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ 6.4 $ — Foreign currency zero-cost collar contracts Other current assets — 0.3 Total derivatives not designated as hedging instruments 6.4 0.3 Total derivative assets $ 6.4 $ 0.3 Derivative Liabilities Balance Sheet Location June 30, December 31, 2018 Derivatives designated as hedging instruments: Treasury lock agreements Accounts payable and accrued liabilities $ 18.8 $ — Treasury lock agreements Other noncurrent liabilities and deferred credits — 2.0 Total derivatives designated as hedging instruments 18.8 2.0 Total derivative liabilities $ 18.8 $ 2.0 The following table presents the effects of derivative instruments on the Consolidated Statements of Income and Consolidated Statements of Comprehensive Income (in millions) : Derivatives in Cash Flow Hedging Relationships Amount of Gain/(Loss) Recognized in OCI on Derivative Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Treasury lock agreements $ (10.0 ) $ 2.0 $ (16.8 ) $ 8.1 Total $ (10.0 ) $ 2.0 $ (16.8 ) $ 8.1 Derivatives Not Designated as Hedging Instruments Location of Gain/(Loss) Recognized in Income on Derivative Amount of Gain/(Loss) Recognized in Income on Derivative Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Foreign currency forward contracts Foreign exchange gain (loss) $ 7.3 $ — $ 10.9 $ — Foreign currency zero-cost collar contracts Foreign exchange gain (loss) — (12.4 ) — 4.1 Total $ 7.3 $ (12.4 ) $ 10.9 $ 4.1 See Note 8

Short-Term Borrowings

Short-Term Borrowings	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Short-Term Borrowings	Short-Term Borrowings Commercial Paper. The Company’s commercial paper program generally serves as the primary means of short-term funding. As of June 30, 2019 and December 31, 2018 , KCS had no commercial paper outstanding. For the six months ended June 30, 2019 and 2018 , any commercial paper borrowings were outstanding for less than 90 days and the related activity is presented on a net basis in the consolidated statements of cash flows.

Long-Term Debt

Long-Term Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Revolving Senior Credit Facility On March 8, 2019, KCS, with certain of its domestic subsidiaries named therein as guarantors, entered into a new 5 -year, $600.0 million senior unsecured revolving credit facility (the “Facility”), with a $25.0 million standby letter of credit facility which, if utilized, constitutes usage under the Facility. The Facility replaced KCS’s existing $800.0 million revolving credit facility. The Facility serves as a backstop for the commercial paper program, which generally serves as the Company’s primary means of short-term funding. Borrowings under the Revolving Credit Facility will bear interest at floating rates. Depending on the Company’s credit rating, the margin that KCS would pay above the London Interbank Offered Rate (“LIBOR”) at any point would be between 1.000% and 1.750% . As of June 30, 2019, the margin is 1.25% based on KCS’s current credit rating. The Facility is guaranteed by KCSR, together with certain domestic subsidiaries named therein as guarantors, and matures on March 8, 2024 . The Facility agreement contains representations, warranties, covenants and events of default that are customary for credit agreements of this type. The occurrence of an event of default could result in the termination of the commitments and the acceleration of the repayment of any outstanding principal balance on the Facility and the commercial paper program. The Facility was categorized as a debt modification and the Company incurred $2.5 million of debt issuance costs during the first quarter of 2019, which were capitalized and will be amortized over the life of the related debt instrument. The Company recorded debt retirement costs of $0.6 million to write off previously capitalized debt issuance costs. As of June 30, 2019 , KCS had $600.0 million available under the Facility, with no outstanding borrowings. As of December 31, 2018, KCS had $800.0 million available under its previous revolving credit facility, with no

Share Repurchases

Share Repurchases	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Share Repurchases	Share Repurchases During the three months ended June 30, 2019 , KCS repurchased 772,515 shares of common stock for $92.3 million at an average price of $119.54 per share. During the six months ended June 30, 2019 , KCS repurchased 1,238,038 shares of common stock for $142.6 million at an average price of $115.20 per share. Since inception of the August 2017 common share repurchase program, KCS has repurchased 5,929,720 shares of common stock for $640.9 million at an average price of $108.08 per share. The excess of repurchase price over par value is allocated between additional paid-in capital and retained earnings. During the three months ended June 30, 2019 , KCS repurchased 2,790 shares of its $25 par preferred stock for $0.1 million at an average price of $26.10 per share. During the six months ended June 30, 2019 , KCS repurchased 4,900 shares of its $25 par preferred stock for $0.1 million at an average price of $26.23 per share. The excess of repurchase price over par value is allocated between additional paid-in capital and retained earnings.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Concession Duty. Under KCSM’s 50 -year railroad concession from the Mexican government (the “Concession”), which could expire in 2047 unless extended, KCSM pays annual concession duty expense of 1.25% of gross revenues. For the three and six months ended June 30, 2019 , the concession duty expense, which is recorded within materials and other in operating expenses, was $4.9 million and $9.1 million , respectively, compared to $4.6 million and $8.7 million , for the same periods in 2018 . Litigation. The Company is a party to various legal proceedings and administrative actions, all of which are of an ordinary, routine nature and incidental to its operations. Included in these proceedings are various tort claims brought by current and former employees for job-related injuries and by third parties for injuries related to railroad operations. KCS aggressively defends these matters and has established liability provisions, which management believes are adequate to cover expected costs. Although it is not possible to predict the outcome of any legal proceeding, in the opinion of management, such proceedings and actions should not, individually, or in the aggregate, have a material adverse effect on the Company’s consolidated financial statements. Environmental Liabilities. The Company’s U.S. operations are subject to extensive federal, state and local environmental laws and regulations. The major U.S. environmental laws to which the Company is subject include, among others, the Federal Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA,” also known as the Superfund law), the Toxic Substances Control Act, the Federal Water Pollution Control Act, and the Hazardous Materials Transportation Act. CERCLA can impose joint and several liabilities for cleanup and investigation costs, without regard to fault or legality of the original conduct, on current and predecessor owners and operators of a site, as well as those who generate, or arrange for the disposal of hazardous substances. The Company does not believe that compliance with the requirements imposed by the environmental legislation will impair its competitive capability or result in any material additional capital expenditures, operating or maintenance costs. The Company is, however, subject to environmental remediation costs as described in the following paragraphs. The Company’s Mexico operations are subject to Mexican federal and state laws and regulations relating to the protection of the environment through the establishment of standards for water discharge, water supply, emissions, noise pollution, hazardous substances and transportation and handling of hazardous and solid waste. The Mexican government may bring administrative and criminal proceedings, impose economic sanctions against companies that violate environmental laws, and temporarily or even permanently close non-complying facilities. The risk of incurring environmental liability is inherent in the railroad industry. As part of serving the petroleum and chemicals industry, the Company transports hazardous materials and has a professional team available to respond to and handle environmental issues that might occur in the transport of such materials. The Company performs ongoing reviews and evaluations of the various environmental programs and issues within the Company’s operations, and, as necessary, takes actions intended to limit the Company’s exposure to potential liability. Although these costs cannot be predicted with certainty, management believes that the ultimate outcome of identified matters will not have a material adverse effect on the Company’s consolidated financial statements. Personal Injury. The Company’s personal injury liability is based on semi-annual actuarial studies performed on an undiscounted basis by an independent third party actuarial firm and reviewed by management. This liability is based on personal injury claims filed and an estimate of claims incurred but not yet reported. Actual results may vary from estimates due to the number, type and severity of the injury, costs of medical treatments and uncertainties in litigation. Adjustments to the liability are reflected within operating expenses in the period in which changes to estimates are known. Personal injury claims in excess of self-insurance levels are insured up to certain coverage amounts, depending on the type of claim and year of occurrence. The personal injury liability as of June 30, 2019 , was based on an updated actuarial study of personal injury claims through May 31, 2019, and review of the June 2019 experience. Although these estimates cannot be predicted with certainty, management believes that the ultimate outcome will not have a material adverse effect on the Company’s consolidated financial statements. Tax Contingencies . Tax returns filed in the U.S. for periods after 2014 and in Mexico for periods after 2012 remain open to examination by the taxing authorities. In 2018, the IRS initiated an examination of the 2016 U.S. federal tax return. During the first quarter of 2019, the SAT initiated an audit of the KCSM 2013 and 2014 Mexico tax returns. The Company does not expect that these examinations will have a material impact on the consolidated financial statements. During the first quarter of 2017, the Company received audit assessments from the SAT for the KCSM 2009 and 2010 Mexico tax returns. In 2017, the Company commenced administrative actions with the SAT. During the first quarter of 2018, the audit assessments were nullified by the SAT. In the third quarter of 2018, the SAT issued new assessments and the Company filed administrative appeals with the SAT. 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. 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 appealed this resolution to the Mexican circuit court. In September 2017, KCSM was notified of a resolution by the circuit court which ordered the tax court to consider an argument made by KCSM in the original tax court proceeding that was not addressed in the tax court’s November 2016 resolution. In October 2017, the tax court ruled that the arguments made by KCSM asserting that the SAT unduly extended the audit process were not valid, and also annulled the assessment consistent with the tax court’s earlier November 2016 ruling. In December 2017, KCSM and the SAT filed an appeal with the Federal Courts of Appeals. KCSM’s appeal was intended to preclude the SAT from issuing a new assessment. In November 2018, the Appeals Court issued a ruling denying the SAT appeal and permanently annulled the VAT assessment. The SAT is unable to appeal the decision. The Appeals Court also denied KCSM’s appeal. In February 2019, the SAT issued a new assessment that conflicted with the tax court’s guidelines. As such, in March 2019, KCSM filed a complaint with the tax court to require the SAT to follow the guidelines issued by the tax court that would result in no tax being assessed. In April 2019, the Company filed a nullification lawsuit with the tax court. In June 2019, the tax court ruled in favor of KCSM’s legal complaint, and declared the new 2005 VAT assessment null and void. The SAT is unable to appeal this decision, but could issue a new assessment through August 2019. The Company believes any new assessment based on the tax court’s guidelines should not have a material impact to the Company’s consolidated financial statements. 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 appealed this resolution. In October 2017, the circuit court resolved to not render a decision on the case but rather to send the SAT’s appeal to the Supreme Court. In February 2018, the Supreme Court decided not to hear the case and remanded the SAT’s appeal back to the circuit court for a decision. In July 2018, the circuit court ordered the tax court to consider certain arguments made by the SAT in the original court proceeding that were not addressed in the tax court’s December 2016 resolution. On October 2, 2018, the tax court issued a decision confirming the 2008 Ruling. The SAT has appealed this decision. The Company believes it is more likely than not that it will continue to prevail in this matter. Further, as of the date of this filing, the SAT has not implemented any new criteria regarding the assessment of VAT on international import transportation services. The Company believes it is probable that any unexpected nullification of the 2008 Ruling and the implementation of any new VAT criteria would be applied on a prospective basis, in which case, due to the pass-through nature of VAT, KCSM would begin to assess its customers for VAT on international import transportation services, resulting in no material impact to the Company’s consolidated financial statements. Fuel purchases in Mexico are subject to an excise tax that is included in the price of fuel. Through April 29, 2019, the Company was eligible for an IEPS credit for the excise tax included in the price of fuel that is purchased and consumed in locomotives and certain work equipment in Mexico. On April 29, 2019, the SAT published the 2019 Resolution, which eliminated locomotives as a type of equipment eligible for the IEPS credit beginning April 30, 2019. The Company believes the 2019 Resolution does not affect locomotives as equipment eligible for the IEPS credit generated from January 1, 2019 through April 29, 2019 and the Company should prevail in any challenge to this portion of the IEPS credit. KCSM filed a legal challenge to the 2019 Resolution based on various arguments, including, the SAT’s lack of authority to change the treatment of locomotives as equipment not eligible for IEPS credit adopted by the Mexico congress, and the discriminatory application against the rail industry. 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 believes that, when resolved, these disputes will not 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, bankruptcy, insolvency or liquidation of a customer, or weakening in economic trends could have a significant impact on the collectability of the Company’s receivables and its operating results. If the financial condition of the Company’s customers were to deteriorate and result in an impairment of their ability to make payments, additional allowances may be required. The Company has recorded provisions for uncollectability based on its best estimate at June 30, 2019 . Panama Canal Railway Company (“PCRC”) Guarantees and Indemnities. At June 30, 2019 , the Company had issued and outstanding $5.6 million under a standby letter of credit to fulfill its obligation to fund fifty percent of the debt service reserve and liquidity reserve established by PCRC in connection with the issuance of the 7.0% Senior Secured Notes due November 1, 2026 (the “PCRC Notes”). Additionally, KCS has pledged its shares of PCRC as security for the PCRC Notes.

Geographic Information

Geographic Information	6 Months Ended
	Jun. 30, 2019
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 Six Months Ended June 30, June 30, Revenues 2019 2018 2019 2018 U.S. $ 363.8 $ 351.7 $ 729.4 $ 686.9 Mexico 350.2 330.7 659.4 634.1 Total revenues $ 714.0 $ 682.4 $ 1,388.8 $ 1,321.0 Property and equipment (including concession assets), net June 30, December 31, U.S. $ 5,384.5 $ 5,401.3 Mexico 3,360.1 3,289.8 Total property and equipment (including concession assets), net $ 8,744.6 $ 8,691.1

Condensed Consolidating Financi

Condensed Consolidating Financial Information	6 Months Ended
	Jun. 30, 2019
Condensed Consolidating Financial Information [Abstract]
Condensed Consolidating Financial Information	Condensed Consolidating Financial Information Pursuant to 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 June 30, 2019 , KCS, the parent, had outstanding $2,593.5 million principal amount of senior notes due through 2048 . 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 The Kansas City Southern Railway Company (“KCSR”) and certain wholly-owned domestic subsidiaries of KCS (the “Guarantor Subsidiaries”). As of June 30, 2019 , KCSR had outstanding $2.7 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 the Guarantor Subsidiaries. The following condensed and consolidating financial information ( in millions ) of KCS, KCSR, the Guarantor Subsidiaries and the other KCS subsidiaries that are not guarantors (the "Non-Guarantor Subsidiaries") are being presented in order to meet the reporting requirements under Rule 3-10 of Regulation S-X. Pursuant to Rule 3-10(d) and (f) of Regulation S-X, separate financial statements for the Issuer, the Parent and the Guarantor Subsidiaries are not required to be filed with the SEC as the subsidiary debt issuer and the guarantors are directly or indirectly 100% owned by the Parent and the guarantees are full and unconditional and joint and several. Condensed Consolidating Statements of Comprehensive Income Three Months Ended June 30, 2019 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 321.5 $ 10.7 $ 392.4 $ (10.6 ) $ 714.0 Operating expenses 2.1 262.4 9.9 242.2 (10.6 ) 506.0 Operating income (loss) (2.1 ) 59.1 0.8 150.2 — 208.0 Equity in net earnings (losses) of affiliates 130.6 (0.2 ) 1.1 (0.7 ) (131.0 ) (0.2 ) Interest expense (26.5 ) (21.5 ) — (6.9 ) 26.9 (28.0 ) Debt retirement costs — — — — — — Foreign exchange gain — — — 8.3 — 8.3 Other income (expense), net 26.5 (0.3 ) — 0.8 (26.9 ) 0.1 Income before income taxes 128.5 37.1 1.9 151.7 (131.0 ) 188.2 Income tax expense (benefit) (0.2 ) 8.3 0.3 50.7 — 59.1 Net income 128.7 28.8 1.6 101.0 (131.0 ) 129.1 Less: Net income attributable to noncontrolling interest — — — 0.4 — 0.4 Net income attributable to Kansas City Southern and subsidiaries 128.7 28.8 1.6 100.6 (131.0 ) 128.7 Other comprehensive income (loss) (7.5 ) — — 0.1 (0.1 ) (7.5 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 121.2 $ 28.8 $ 1.6 $ 100.7 $ (131.1 ) $ 121.2 Condensed Consolidating Statements of Comprehensive Income - KCS Notes—(Continued) Three Months Ended June 30, 2018 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 314.1 $ 11.5 $ 367.5 $ (10.7 ) $ 682.4 Operating expenses 2.3 226.9 9.7 208.4 (10.7 ) 436.6 Operating income (loss) (2.3 ) 87.2 1.8 159.1 — 245.8 Equity in net earnings (losses) of affiliates 125.3 (0.5 ) 0.9 0.5 (125.2 ) 1.0 Interest expense (23.1 ) (17.8 ) — (7.3 ) 20.2 (28.0 ) Debt retirement costs — — — (2.2 ) — (2.2 ) Foreign exchange loss — — — (21.0 ) — (21.0 ) Other income, net 20.0 0.6 — — (20.1 ) 0.5 Income before income taxes 119.9 69.5 2.7 129.1 (125.1 ) 196.1 Income tax expense (benefit) (28.3 ) 12.6 0.9 62.2 — 47.4 Net income 148.2 56.9 1.8 66.9 (125.1 ) 148.7 Less: Net income attributable to noncontrolling interest — — — 0.5 — 0.5 Net income attributable to Kansas City Southern and subsidiaries 148.2 56.9 1.8 66.4 (125.1 ) 148.2 Other comprehensive income (loss) 0.3 — — (1.2 ) 1.2 0.3 Comprehensive income attributable to Kansas City Southern and subsidiaries $ 148.5 $ 56.9 $ 1.8 $ 65.2 $ (123.9 ) $ 148.5 Six Months Ended June 30, 2019 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 645.7 $ 22.4 $ 741.7 $ (21.0 ) $ 1,388.8 Operating expenses 3.3 553.5 19.5 465.4 (21.2 ) 1,020.5 Operating income (loss) (3.3 ) 92.2 2.9 276.3 0.2 368.3 Equity in net earnings (losses) of affiliates 233.0 (0.5 ) 1.8 0.6 (233.4 ) 1.5 Interest expense (52.9 ) (42.9 ) — (14.0 ) 53.6 (56.2 ) Debt retirement costs (0.2 ) (0.2 ) — (0.2 ) — (0.6 ) Foreign exchange gain — — — 12.9 — 12.9 Other income (expense), net 53.0 (0.7 ) — 1.6 (53.7 ) 0.2 Income before income taxes 229.6 47.9 4.7 277.2 (233.3 ) 326.1 Income tax expense (benefit) (1.9 ) 10.2 1.0 84.5 — 93.8 Net income 231.5 37.7 3.7 192.7 (233.3 ) 232.3 Less: Net income attributable to noncontrolling interest — — — 0.8 — 0.8 Net income attributable to Kansas City Southern and subsidiaries 231.5 37.7 3.7 191.9 (233.3 ) 231.5 Other comprehensive income (loss) (12.4 ) — — 0.3 (0.3 ) (12.4 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 219.1 $ 37.7 $ 3.7 $ 192.2 $ (233.6 ) $ 219.1 Condensed Consolidating Statements of Comprehensive Income—(Continued) Six Months Ended June 30, 2018 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 615.9 $ 20.4 $ 704.3 $ (19.6 ) $ 1,321.0 Operating expenses 3.5 452.7 17.9 402.0 (19.6 ) 856.5 Operating income (loss) (3.5 ) 163.2 2.5 302.3 — 464.5 Equity in net earnings (losses) of affiliates 280.0 (0.7 ) 1.7 1.1 (280.1 ) 2.0 Interest expense (44.4 ) (35.1 ) — (14.2 ) 40.2 (53.5 ) Debt retirement costs — — — (2.2 ) — (2.2 ) Foreign exchange gain — — — 6.8 — 6.8 Other income, net 39.6 0.3 — 0.5 (40.2 ) 0.2 Income before income taxes 271.7 127.7 4.2 294.3 (280.1 ) 417.8 Income tax expense (benefit) (21.0 ) 25.0 1.3 118.9 — 124.2 Net income 292.7 102.7 2.9 175.4 (280.1 ) 293.6 Less: Net income attributable to noncontrolling interest — — — 0.9 — 0.9 Net income attributable to Kansas City Southern and subsidiaries 292.7 102.7 2.9 174.5 (280.1 ) 292.7 Other comprehensive income 6.0 — — — — 6.0 Comprehensive income attributable to Kansas City Southern and subsidiaries $ 298.7 $ 102.7 $ 2.9 $ 174.5 $ (280.1 ) $ 298.7 Condensed Consolidating Balance Sheets June 30, 2019 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 195.4 $ 251.8 $ 5.8 $ 368.4 $ (211.7 ) $ 609.7 Operating lease right-of-use assets — 164.3 — 33.1 (4.2 ) 193.2 Investments — 3.5 5.9 38.6 — 48.0 Investments in consolidated subsidiaries 5,012.5 3.2 200.2 — (5,215.9 ) — Property and equipment (including concession assets), net — 4,383.9 161.7 4,206.8 (7.8 ) 8,744.6 Other assets 2,523.1 16.7 — 23.8 (2,521.0 ) 42.6 Total assets $ 7,731.0 $ 4,823.4 $ 373.6 $ 4,670.7 $ (7,960.6 ) $ 9,638.1 Liabilities and equity: Current liabilities $ 583.9 $ 46.8 $ 75.9 $ 274.7 $ (214.0 ) $ 767.3 Long-term operating lease liabilities — 88.3 — 18.8 (3.3 ) 103.8 Long-term debt 2,307.4 1,827.9 — 787.1 (2,521.0 ) 2,401.4 Deferred income taxes (8.0 ) 821.6 84.6 191.9 (2.0 ) 1,088.1 Other liabilities 18.5 92.1 0.2 15.2 — 126.0 Stockholders’ equity 4,829.2 1,946.7 212.9 3,060.7 (5,220.3 ) 4,829.2 Noncontrolling interest — — — 322.3 — 322.3 Total liabilities and equity $ 7,731.0 $ 4,823.4 $ 373.6 $ 4,670.7 $ (7,960.6 ) $ 9,638.1 Condensed Consolidating Balance Sheets—(Continued) December 31, 2018 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 229.8 $ 257.6 $ 5.0 $ 350.4 $ (207.4 ) $ 635.4 Operating lease right-of-use assets — — — — — — Investments — 3.9 4.4 36.6 — 44.9 Investments in consolidated subsidiaries 4,852.8 4.4 190.2 — (5,047.4 ) — Property and equipment (including concession assets), net — 4,429.2 165.1 4,104.8 (8.0 ) 8,691.1 Other assets 2,523.4 59.3 — 36.8 (2,521.1 ) 98.4 Total assets $ 7,606.0 $ 4,754.4 $ 364.7 $ 4,528.6 $ (7,783.9 ) $ 9,469.8 Liabilities and equity: Current liabilities $ 214.2 $ 109.2 $ 80.1 $ 252.3 $ (208.8 ) $ 447.0 Long-term operating lease liabilities — — — — — — Long-term debt 2,563.0 1,828.8 — 808.5 (2,521.0 ) 2,679.3 Deferred income taxes (4.4 ) 812.8 84.7 188.8 (2.0 ) 1,079.9 Other liabilities 20.2 94.8 0.2 15.8 (0.1 ) 130.9 Stockholders’ equity 4,813.0 1,908.8 199.7 2,943.5 (5,052.0 ) 4,813.0 Noncontrolling interest — — — 319.7 — 319.7 Total liabilities and equity $ 7,606.0 $ 4,754.4 $ 364.7 $ 4,528.6 $ (7,783.9 ) $ 9,469.8 Condensed Consolidating Statements of Cash Flows Six Months Ended June 30, 2019 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 180.7 $ 150.2 $ 0.4 $ 293.0 $ (83.1 ) $ 541.2 Investing activities: Capital expenditures — (153.4 ) (0.4 ) (196.6 ) — (350.4 ) Purchase or replacement of equipment under operating leases — (0.3 ) — (0.6 ) — (0.9 ) Property investments in MSLLC — — — (22.3 ) — (22.3 ) Investments in and advances to affiliates (9.3 ) — (9.3 ) (14.2 ) 17.5 (15.3 ) Proceeds from repayment of loans to affiliates 131.0 — — 40.0 (171.0 ) — Loans to affiliates (131.0 ) — — (40.0 ) 171.0 — Proceeds from disposal of property — 11.5 — 0.8 — 12.3 Other investing activities — (3.8 ) — 6.3 — 2.5 Net cash used (9.3 ) (146.0 ) (9.7 ) (226.6 ) 17.5 (374.1 ) Financing activities: Net short-term borrowings — — — — — — Proceeds from issuance of long-term debt — — — — — — Repayment of long-term debt — (1.9 ) — (3.6 ) — (5.5 ) Debt issuance and retirement costs paid — (1.2 ) — (1.3 ) — (2.5 ) Dividends paid (72.6 ) — — (83.1 ) 83.1 (72.6 ) Shares repurchased (142.7 ) — — — — (142.7 ) Proceeds from loans from affiliates 40.0 131.0 — — (171.0 ) — Repayment of loans from affiliates (40.0 ) (131.0 ) — — 171.0 — Contribution from affiliates — — 9.3 8.2 (17.5 ) — Other financing activities 3.3 — — — — 3.3 Net cash provided (used) (212.0 ) (3.1 ) 9.3 (79.8 ) 65.6 (220.0 ) Cash and cash equivalents: Net increase (decrease) (40.6 ) 1.1 — (13.4 ) — (52.9 ) At beginning of year 41.5 28.1 — 30.9 — 100.5 At end of period $ 0.9 $ 29.2 $ — $ 17.5 $ — $ 47.6 Condensed Consolidating Statements of Cash Flows—(Continued) Six Months Ended June 30, 2018 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 132.3 $ 164.7 $ 0.2 $ 271.7 $ (143.1 ) $ 425.8 Investing activities: Capital expenditures — (116.0 ) (0.1 ) (151.2 ) — (267.3 ) Purchase or replacement of equipment under operating leases — (88.3 ) — (10.6 ) — (98.9 ) Property investments in MSLLC — — — (20.4 ) — (20.4 ) Investment in and advances to affiliates (5.2 ) — (5.2 ) (4.3 ) 8.4 (6.3 ) Proceeds from repayment of loans to affiliates 3,766.8 — — 125.0 (3,891.8 ) — Loans to affiliates (3,841.9 ) — — (125.0 ) 3,966.9 — Proceeds from disposal of property — 3.0 — 2.7 — 5.7 Other investing activities — 2.2 — 0.8 — 3.0 Net cash used (80.3 ) (199.1 ) (5.3 ) (183.0 ) 83.5 (384.2 ) Financing activities: Net short-term borrowings (348.1 ) — — — — (348.1 ) Proceeds from issuance of long-term debt 499.4 — — — — 499.4 Repayment of long-term debt — (1.8 ) (0.1 ) (74.1 ) — (76.0 ) Debt issuance and retirement costs paid (6.2 ) — — (1.8 ) — (8.0 ) Dividends paid (74.1 ) — — (143.1 ) 143.1 (74.1 ) Shares repurchased (108.5 ) — — — — (108.5 ) Proceeds from loans from affiliates 125.0 3,791.9 — 50.0 (3,966.9 ) — Repayment of loans from affiliates (125.0 ) (3,766.8 ) — — 3,891.8 — Contribution from affiliates — — 5.2 3.2 (8.4 ) — Other financing activities 0.7 — — — — 0.7 Net cash provided (used) (36.8 ) 23.3 5.1 (165.8 ) 59.6 (114.6 ) Cash and cash equivalents: Net increase (decrease) 15.2 (11.1 ) — (77.1 ) — (73.0 ) At beginning of year 0.7 17.6 — 115.8 — 134.1 At end of period $ 15.9 $ 6.5 $ — $ 38.7 $ — $ 61.1

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Schedule of Expenses Related to PSR Initiatives	Expenses related to these initiatives are shown in the following table ( in millions ): 2019 First Quarter Second Quarter Year-to-Date Restructuring charges: Asset impairments $ 62.5 $ 50.7 $ 113.2 Workforce reduction 3.2 — 3.2 Contract restructuring 1.8 0.3 2.1 Total restructuring charges $ 67.5 $ 51.0 $ 118.5

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Schedule of Leases	Leases Classification June 30, 2019 ( in millions ) Assets Operating Operating lease right-of-use assets $ 193.2 Finance Property and equipment (including concession assets), net 9.5 Total leased assets $ 202.7 Liabilities Current Operating Accounts payable and accrued liabilities $ 47.7 Finance Long-term debt due within one year 1.8 Noncurrent Operating Long-term operating lease liabilities 103.8 Finance Long-term debt 7.7 Total lease liabilities $ 161.0
Schedule of Lease Expense Components	June 30, 2019 (in millions) Lease Cost Classification Three Months Ended Six Months Ended Operating lease cost Equipment costs $ 13.4 $ 27.2 Finance lease cost: Amortization of finance lease assets Depreciation and amortization 0.9 1.8 Interest on lease liabilities Interest expense 0.3 0.6 Total lease cost $ 14.6 $ 29.6
Schedule of Cash Flow Information	Cash Flow Information Cash paid for operating leases included in operating activities $ 32.5 Cash paid for finance leases included in operating activities 0.6 Cash paid for finance leases included in financing activities 1.8 Right-of-use assets obtained in exchange for operating lease liabilities 7.3
Schedule of Lease Term and Discount Rate	Lease Term and Discount Rate Weighted-Average Remaining Lease Term (years) Weighted-Average Discount Rate Operating leases 7.1 4.4 % Finance leases 4.5 11.1 %
Schedule of Remaining Maturities of Lease Liabilities	Remaining Maturities of Lease Liabilities Year Ending December 31 ( in millions ), Operating Leases Finance Leases 2019 $ 53.4 $ 1.9 2020 31.3 2.7 2021 23.8 2.7 2022 17.0 2.7 2023 12.5 2.4 Thereafter 36.0 0.1 Total lease payments 174.0 12.5 Less imputed interest 22.5 3.0 Total $ 151.5 $ 9.5

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents revenues disaggregated by the major commodity groups as well as the product types included within the major commodity groups (in millions) . The Company believes disaggregation by product type best depicts how cash flows are affected by economic factors. See Note 14 for revenues by geographical area. Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Chemical & Petroleum Chemicals $ 61.6 $ 60.4 $ 122.1 $ 118.1 Petroleum 90.0 57.8 164.3 106.8 Plastics 36.7 39.6 70.5 72.6 Total 188.3 157.8 356.9 297.5 Industrial & Consumer Products Forest Products 63.2 69.2 129.6 134.5 Metals & Scrap 59.9 54.0 116.9 107.8 Other 27.2 29.5 53.6 56.7 Total 150.3 152.7 300.1 299.0 Agriculture & Minerals Grain 73.2 75.4 145.9 140.6 Food Products 34.7 36.3 70.4 72.5 Ores & Minerals 5.8 5.8 12.3 10.7 Stone, Clay & Glass 8.7 7.6 16.7 14.7 Total 122.4 125.1 245.3 238.5 Energy Utility Coal 27.5 23.9 60.0 53.2 Coal & Petroleum Coke 10.1 11.2 20.6 21.4 Frac Sand 6.7 10.5 14.7 21.6 Crude Oil 9.6 10.9 23.2 21.6 Total 53.9 56.5 118.5 117.8 Intermodal 92.6 93.7 172.5 184.6 Automotive 70.9 67.3 128.5 127.1 Total Freight Revenues 678.4 653.1 1,321.8 1,264.5 Other Revenue 35.6 29.3 67.0 56.5 Total Revenues $ 714.0 $ 682.4 $ 1,388.8 $ 1,321.0
Schedule of Changes in Contract Liabilities	The following tables summarize the changes in contract liabilities (in millions) : Contract liabilities Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Beginning balance $ 22.3 $ 20.0 $ 32.4 $ 26.8 Revenue recognized that was included in the contract liability balance at the beginning of the period (10.1 ) (9.1 ) (24.2 ) (18.5 ) Increases due to consideration received, excluding amounts recognized as revenue during the period 6.8 5.7 10.8 8.3 Ending balance $ 19.0 $ 16.6 $ 19.0 $ 16.6

Earnings Per Share Data (Tables

Earnings Per Share Data (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Reconciliation of Basic Earnings Per Share Computation to the Diluted Earnings Per Share Computation	The following table reconciles the basic earnings per share computation to the diluted earnings per share computation (in millions, except share and per share amounts) : Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Net income available to common stockholders for purposes of computing basic and diluted earnings per share $ 128.7 $ 148.2 $ 231.4 $ 292.6 Weighted-average number of shares outstanding ( in thousands ): Basic shares 100,028 102,092 100,264 102,332 Effect of dilution 394 400 405 401 Diluted shares 100,422 102,492 100,669 102,733 Earnings per share: Basic earnings per share $ 1.29 $ 1.45 $ 2.31 $ 2.86 Diluted earnings per share $ 1.28 $ 1.45 $ 2.30 $ 2.85
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 134 93 212 100

Property and Equipment (inclu_2

Property and Equipment (including Concession Assets) (Tables)	6 Months Ended
	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment by Type	Property and equipment, including concession assets, and related accumulated depreciation and amortization are summarized below (in millions) : June 30, December 31, Land $ 219.0 $ 219.3 Concession land rights 141.2 141.2 Road property 7,806.0 7,711.4 Equipment 2,699.1 2,739.5 Technology and other 313.8 305.6 Construction in progress 188.0 152.5 Total property 11,367.1 11,269.5 Accumulated depreciation and amortization 2,622.5 2,578.4 Property and equipment (including concession assets), net $ 8,744.6 $ 8,691.1

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Fair Value of the Company's Financial Instruments	The fair value of the Company’s financial instruments is presented in the following table (in millions) : June 30, 2019 December 31, 2018 Level 2 Level 2 Assets Foreign currency derivative instruments $ 6.4 $ 0.3 Liabilities Debt instruments 2,808.6 2,661.3 Treasury lock agreements 18.8 2.0

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Foreign Currency Derivative Instruments	Below is a summary of the Company’s 2019 and 2018 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) Notional amount Notional amount Weighted-average exchange rate (in Ps./USD) Cash received/(paid) on settlement Contracts executed in 2019 and outstanding $ 170.0 Ps. 3,442.3 Ps. 20.2 — — — — Contracts executed in 2019 and settled in 2019 $ 240.0 Ps. 4,683.8 Ps. 19.5 $ 244.5 Ps. 4,683.8 Ps. 19.2 $ 4.5 Foreign currency zero-cost collar contracts Notional amount Cash received/(paid) on settlement Contracts executed in 2018 and settled in 2019 $ 120.0 $ 0.3 Contracts executed in 2018 and settled in 2018 (i) $ 220.0 $ 3.9 Contracts executed in 2017 and settled in 2018 (i) $ 80.0 $ 10.0 (i) During the first half of 2018, the Company settled $125.0 million and $80.0 million of zero-cost collar contracts executed in 2018 and 2017, respectively, resulting in cash received of $2.0 million and $10.0 million .
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 June 30, December 31, 2018 Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ 6.4 $ — Foreign currency zero-cost collar contracts Other current assets — 0.3 Total derivatives not designated as hedging instruments 6.4 0.3 Total derivative assets $ 6.4 $ 0.3 Derivative Liabilities Balance Sheet Location June 30, December 31, 2018 Derivatives designated as hedging instruments: Treasury lock agreements Accounts payable and accrued liabilities $ 18.8 $ — Treasury lock agreements Other noncurrent liabilities and deferred credits — 2.0 Total derivatives designated as hedging instruments 18.8 2.0 Total derivative liabilities $ 18.8 $ 2.0
Schedule of Derivative Instruments, Gain (Loss) in Consolidated Statements of Income and Consolidated Statements of Comprehensive Income	The following table presents the effects of derivative instruments on the Consolidated Statements of Income and Consolidated Statements of Comprehensive Income (in millions) : Derivatives in Cash Flow Hedging Relationships Amount of Gain/(Loss) Recognized in OCI on Derivative Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Treasury lock agreements $ (10.0 ) $ 2.0 $ (16.8 ) $ 8.1 Total $ (10.0 ) $ 2.0 $ (16.8 ) $ 8.1 Derivatives Not Designated as Hedging Instruments Location of Gain/(Loss) Recognized in Income on Derivative Amount of Gain/(Loss) Recognized in Income on Derivative Three Months Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Foreign currency forward contracts Foreign exchange gain (loss) $ 7.3 $ — $ 10.9 $ — Foreign currency zero-cost collar contracts Foreign exchange gain (loss) — (12.4 ) — 4.1 Total $ 7.3 $ (12.4 ) $ 10.9 $ 4.1

Geographic Information (Tables)

Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas	The following tables provide information by geographic area (in millions) : Three Months Ended Six Months Ended June 30, June 30, Revenues 2019 2018 2019 2018 U.S. $ 363.8 $ 351.7 $ 729.4 $ 686.9 Mexico 350.2 330.7 659.4 634.1 Total revenues $ 714.0 $ 682.4 $ 1,388.8 $ 1,321.0 Property and equipment (including concession assets), net June 30, December 31, U.S. $ 5,384.5 $ 5,401.3 Mexico 3,360.1 3,289.8 Total property and equipment (including concession assets), net $ 8,744.6 $ 8,691.1

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	6 Months Ended
	Jun. 30, 2019
Condensed Consolidating Financial Information [Abstract]
Condensed Consolidating Statements of Comprehensive Income	Condensed Consolidating Statements of Comprehensive Income Three Months Ended June 30, 2019 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 321.5 $ 10.7 $ 392.4 $ (10.6 ) $ 714.0 Operating expenses 2.1 262.4 9.9 242.2 (10.6 ) 506.0 Operating income (loss) (2.1 ) 59.1 0.8 150.2 — 208.0 Equity in net earnings (losses) of affiliates 130.6 (0.2 ) 1.1 (0.7 ) (131.0 ) (0.2 ) Interest expense (26.5 ) (21.5 ) — (6.9 ) 26.9 (28.0 ) Debt retirement costs — — — — — — Foreign exchange gain — — — 8.3 — 8.3 Other income (expense), net 26.5 (0.3 ) — 0.8 (26.9 ) 0.1 Income before income taxes 128.5 37.1 1.9 151.7 (131.0 ) 188.2 Income tax expense (benefit) (0.2 ) 8.3 0.3 50.7 — 59.1 Net income 128.7 28.8 1.6 101.0 (131.0 ) 129.1 Less: Net income attributable to noncontrolling interest — — — 0.4 — 0.4 Net income attributable to Kansas City Southern and subsidiaries 128.7 28.8 1.6 100.6 (131.0 ) 128.7 Other comprehensive income (loss) (7.5 ) — — 0.1 (0.1 ) (7.5 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 121.2 $ 28.8 $ 1.6 $ 100.7 $ (131.1 ) $ 121.2 Condensed Consolidating Statements of Comprehensive Income - KCS Notes—(Continued) Three Months Ended June 30, 2018 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 314.1 $ 11.5 $ 367.5 $ (10.7 ) $ 682.4 Operating expenses 2.3 226.9 9.7 208.4 (10.7 ) 436.6 Operating income (loss) (2.3 ) 87.2 1.8 159.1 — 245.8 Equity in net earnings (losses) of affiliates 125.3 (0.5 ) 0.9 0.5 (125.2 ) 1.0 Interest expense (23.1 ) (17.8 ) — (7.3 ) 20.2 (28.0 ) Debt retirement costs — — — (2.2 ) — (2.2 ) Foreign exchange loss — — — (21.0 ) — (21.0 ) Other income, net 20.0 0.6 — — (20.1 ) 0.5 Income before income taxes 119.9 69.5 2.7 129.1 (125.1 ) 196.1 Income tax expense (benefit) (28.3 ) 12.6 0.9 62.2 — 47.4 Net income 148.2 56.9 1.8 66.9 (125.1 ) 148.7 Less: Net income attributable to noncontrolling interest — — — 0.5 — 0.5 Net income attributable to Kansas City Southern and subsidiaries 148.2 56.9 1.8 66.4 (125.1 ) 148.2 Other comprehensive income (loss) 0.3 — — (1.2 ) 1.2 0.3 Comprehensive income attributable to Kansas City Southern and subsidiaries $ 148.5 $ 56.9 $ 1.8 $ 65.2 $ (123.9 ) $ 148.5 Six Months Ended June 30, 2019 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 645.7 $ 22.4 $ 741.7 $ (21.0 ) $ 1,388.8 Operating expenses 3.3 553.5 19.5 465.4 (21.2 ) 1,020.5 Operating income (loss) (3.3 ) 92.2 2.9 276.3 0.2 368.3 Equity in net earnings (losses) of affiliates 233.0 (0.5 ) 1.8 0.6 (233.4 ) 1.5 Interest expense (52.9 ) (42.9 ) — (14.0 ) 53.6 (56.2 ) Debt retirement costs (0.2 ) (0.2 ) — (0.2 ) — (0.6 ) Foreign exchange gain — — — 12.9 — 12.9 Other income (expense), net 53.0 (0.7 ) — 1.6 (53.7 ) 0.2 Income before income taxes 229.6 47.9 4.7 277.2 (233.3 ) 326.1 Income tax expense (benefit) (1.9 ) 10.2 1.0 84.5 — 93.8 Net income 231.5 37.7 3.7 192.7 (233.3 ) 232.3 Less: Net income attributable to noncontrolling interest — — — 0.8 — 0.8 Net income attributable to Kansas City Southern and subsidiaries 231.5 37.7 3.7 191.9 (233.3 ) 231.5 Other comprehensive income (loss) (12.4 ) — — 0.3 (0.3 ) (12.4 ) Comprehensive income attributable to Kansas City Southern and subsidiaries $ 219.1 $ 37.7 $ 3.7 $ 192.2 $ (233.6 ) $ 219.1 Condensed Consolidating Statements of Comprehensive Income—(Continued) Six Months Ended June 30, 2018 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Revenues $ — $ 615.9 $ 20.4 $ 704.3 $ (19.6 ) $ 1,321.0 Operating expenses 3.5 452.7 17.9 402.0 (19.6 ) 856.5 Operating income (loss) (3.5 ) 163.2 2.5 302.3 — 464.5 Equity in net earnings (losses) of affiliates 280.0 (0.7 ) 1.7 1.1 (280.1 ) 2.0 Interest expense (44.4 ) (35.1 ) — (14.2 ) 40.2 (53.5 ) Debt retirement costs — — — (2.2 ) — (2.2 ) Foreign exchange gain — — — 6.8 — 6.8 Other income, net 39.6 0.3 — 0.5 (40.2 ) 0.2 Income before income taxes 271.7 127.7 4.2 294.3 (280.1 ) 417.8 Income tax expense (benefit) (21.0 ) 25.0 1.3 118.9 — 124.2 Net income 292.7 102.7 2.9 175.4 (280.1 ) 293.6 Less: Net income attributable to noncontrolling interest — — — 0.9 — 0.9 Net income attributable to Kansas City Southern and subsidiaries 292.7 102.7 2.9 174.5 (280.1 ) 292.7 Other comprehensive income 6.0 — — — — 6.0 Comprehensive income attributable to Kansas City Southern and subsidiaries $ 298.7 $ 102.7 $ 2.9 $ 174.5 $ (280.1 ) $ 298.7
Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheets June 30, 2019 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 195.4 $ 251.8 $ 5.8 $ 368.4 $ (211.7 ) $ 609.7 Operating lease right-of-use assets — 164.3 — 33.1 (4.2 ) 193.2 Investments — 3.5 5.9 38.6 — 48.0 Investments in consolidated subsidiaries 5,012.5 3.2 200.2 — (5,215.9 ) — Property and equipment (including concession assets), net — 4,383.9 161.7 4,206.8 (7.8 ) 8,744.6 Other assets 2,523.1 16.7 — 23.8 (2,521.0 ) 42.6 Total assets $ 7,731.0 $ 4,823.4 $ 373.6 $ 4,670.7 $ (7,960.6 ) $ 9,638.1 Liabilities and equity: Current liabilities $ 583.9 $ 46.8 $ 75.9 $ 274.7 $ (214.0 ) $ 767.3 Long-term operating lease liabilities — 88.3 — 18.8 (3.3 ) 103.8 Long-term debt 2,307.4 1,827.9 — 787.1 (2,521.0 ) 2,401.4 Deferred income taxes (8.0 ) 821.6 84.6 191.9 (2.0 ) 1,088.1 Other liabilities 18.5 92.1 0.2 15.2 — 126.0 Stockholders’ equity 4,829.2 1,946.7 212.9 3,060.7 (5,220.3 ) 4,829.2 Noncontrolling interest — — — 322.3 — 322.3 Total liabilities and equity $ 7,731.0 $ 4,823.4 $ 373.6 $ 4,670.7 $ (7,960.6 ) $ 9,638.1 Condensed Consolidating Balance Sheets—(Continued) December 31, 2018 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Assets: Current assets $ 229.8 $ 257.6 $ 5.0 $ 350.4 $ (207.4 ) $ 635.4 Operating lease right-of-use assets — — — — — — Investments — 3.9 4.4 36.6 — 44.9 Investments in consolidated subsidiaries 4,852.8 4.4 190.2 — (5,047.4 ) — Property and equipment (including concession assets), net — 4,429.2 165.1 4,104.8 (8.0 ) 8,691.1 Other assets 2,523.4 59.3 — 36.8 (2,521.1 ) 98.4 Total assets $ 7,606.0 $ 4,754.4 $ 364.7 $ 4,528.6 $ (7,783.9 ) $ 9,469.8 Liabilities and equity: Current liabilities $ 214.2 $ 109.2 $ 80.1 $ 252.3 $ (208.8 ) $ 447.0 Long-term operating lease liabilities — — — — — — Long-term debt 2,563.0 1,828.8 — 808.5 (2,521.0 ) 2,679.3 Deferred income taxes (4.4 ) 812.8 84.7 188.8 (2.0 ) 1,079.9 Other liabilities 20.2 94.8 0.2 15.8 (0.1 ) 130.9 Stockholders’ equity 4,813.0 1,908.8 199.7 2,943.5 (5,052.0 ) 4,813.0 Noncontrolling interest — — — 319.7 — 319.7 Total liabilities and equity $ 7,606.0 $ 4,754.4 $ 364.7 $ 4,528.6 $ (7,783.9 ) $ 9,469.8
Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows Six Months Ended June 30, 2019 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 180.7 $ 150.2 $ 0.4 $ 293.0 $ (83.1 ) $ 541.2 Investing activities: Capital expenditures — (153.4 ) (0.4 ) (196.6 ) — (350.4 ) Purchase or replacement of equipment under operating leases — (0.3 ) — (0.6 ) — (0.9 ) Property investments in MSLLC — — — (22.3 ) — (22.3 ) Investments in and advances to affiliates (9.3 ) — (9.3 ) (14.2 ) 17.5 (15.3 ) Proceeds from repayment of loans to affiliates 131.0 — — 40.0 (171.0 ) — Loans to affiliates (131.0 ) — — (40.0 ) 171.0 — Proceeds from disposal of property — 11.5 — 0.8 — 12.3 Other investing activities — (3.8 ) — 6.3 — 2.5 Net cash used (9.3 ) (146.0 ) (9.7 ) (226.6 ) 17.5 (374.1 ) Financing activities: Net short-term borrowings — — — — — — Proceeds from issuance of long-term debt — — — — — — Repayment of long-term debt — (1.9 ) — (3.6 ) — (5.5 ) Debt issuance and retirement costs paid — (1.2 ) — (1.3 ) — (2.5 ) Dividends paid (72.6 ) — — (83.1 ) 83.1 (72.6 ) Shares repurchased (142.7 ) — — — — (142.7 ) Proceeds from loans from affiliates 40.0 131.0 — — (171.0 ) — Repayment of loans from affiliates (40.0 ) (131.0 ) — — 171.0 — Contribution from affiliates — — 9.3 8.2 (17.5 ) — Other financing activities 3.3 — — — — 3.3 Net cash provided (used) (212.0 ) (3.1 ) 9.3 (79.8 ) 65.6 (220.0 ) Cash and cash equivalents: Net increase (decrease) (40.6 ) 1.1 — (13.4 ) — (52.9 ) At beginning of year 41.5 28.1 — 30.9 — 100.5 At end of period $ 0.9 $ 29.2 $ — $ 17.5 $ — $ 47.6 Condensed Consolidating Statements of Cash Flows—(Continued) Six Months Ended June 30, 2018 Parent KCSR Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated KCS Operating activities: Net cash provided $ 132.3 $ 164.7 $ 0.2 $ 271.7 $ (143.1 ) $ 425.8 Investing activities: Capital expenditures — (116.0 ) (0.1 ) (151.2 ) — (267.3 ) Purchase or replacement of equipment under operating leases — (88.3 ) — (10.6 ) — (98.9 ) Property investments in MSLLC — — — (20.4 ) — (20.4 ) Investment in and advances to affiliates (5.2 ) — (5.2 ) (4.3 ) 8.4 (6.3 ) Proceeds from repayment of loans to affiliates 3,766.8 — — 125.0 (3,891.8 ) — Loans to affiliates (3,841.9 ) — — (125.0 ) 3,966.9 — Proceeds from disposal of property — 3.0 — 2.7 — 5.7 Other investing activities — 2.2 — 0.8 — 3.0 Net cash used (80.3 ) (199.1 ) (5.3 ) (183.0 ) 83.5 (384.2 ) Financing activities: Net short-term borrowings (348.1 ) — — — — (348.1 ) Proceeds from issuance of long-term debt 499.4 — — — — 499.4 Repayment of long-term debt — (1.8 ) (0.1 ) (74.1 ) — (76.0 ) Debt issuance and retirement costs paid (6.2 ) — — (1.8 ) — (8.0 ) Dividends paid (74.1 ) — — (143.1 ) 143.1 (74.1 ) Shares repurchased (108.5 ) — — — — (108.5 ) Proceeds from loans from affiliates 125.0 3,791.9 — 50.0 (3,966.9 ) — Repayment of loans from affiliates (125.0 ) (3,766.8 ) — — 3,891.8 — Contribution from affiliates — — 5.2 3.2 (8.4 ) — Other financing activities 0.7 — — — — 0.7 Net cash provided (used) (36.8 ) 23.3 5.1 (165.8 ) 59.6 (114.6 ) Cash and cash equivalents: Net increase (decrease) 15.2 (11.1 ) — (77.1 ) — (73.0 ) At beginning of year 0.7 17.6 — 115.8 — 134.1 At end of period $ 15.9 $ 6.5 $ — $ 38.7 $ — $ 61.1

Basis of Presentation (Details)

Basis of Presentation (Details) $ in Millions	Jan. 01, 2019USD ($)
Accounting Policies [Abstract]
Additional right-of-use lease assets recognized as a result of adoption of ASU 2016-02	$ 175.2
Additional lease liabilities recognized as a result of adoption of ASU 2016-02	$ 175.2

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Asset Impairment and Restructuring Costs [Line Items]
Restructuring charges	$ 51		$ 0	$ 118.5	$ 0
PSR Initiatives [Member]
Asset Impairment and Restructuring Costs [Line Items]
Restructuring charges	51	$ 67.5		118.5
PSR Initiatives [Member] | Asset Impairments [Member]
Asset Impairment and Restructuring Costs [Line Items]
Restructuring charges	50.7	62.5		113.2
PSR Initiatives [Member] | Workforce Reduction [Member]
Asset Impairment and Restructuring Costs [Line Items]
Restructuring charges	0	3.2		3.2
PSR Initiatives [Member] | Contract Restructuring [Member]
Asset Impairment and Restructuring Costs [Line Items]
Restructuring charges	$ 0.3	$ 1.8		$ 2.1

Restructuring Charges (Narrativ

Restructuring Charges (Narrative) (Details) - PSR Initiatives [Member] $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)locomotivesrailcars	Jun. 30, 2019USD ($)locomotivesrailcars
Other Current Assets [Member]
Asset Impairment and Restructuring Costs [Line Items]
Carrying amount of remaining assets held for sale | $	$ 10.4	$ 10.4
Locomotives [Member]
Asset Impairment and Restructuring Costs [Line Items]
Number of units sold | locomotives	48
Number of units identified for sale | locomotives		97
Rail Cars [Member]
Asset Impairment and Restructuring Costs [Line Items]
Number of units sold | railcars	243
Number of units identified for sale | railcars		1,125

Mexican Fuel Excise Tax Credit

Mexican Fuel Excise Tax Credit (Details) - Income Tax Expense [Member] - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2019
Mexican Fuel Excise Tax Credit [Line Items]
Mexican fuel excise tax credit, income tax expense reduction	$ 4.9
Scenario, Forecast [Member]
Mexican Fuel Excise Tax Credit [Line Items]
Mexican fuel excise tax credit, income tax expense reduction		$ 12

Leases Narrative (Details)

Leases Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating and finance leases, remaining lease terms	1 year
Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating and finance leases, remaining lease terms	15 years
Operating Leases [Member]
Lessee, Lease, Description [Line Items]
Additional operating leases not yet commenced	$ 5.4
Operating Leases [Member] | Minimum [Member]
Lessee, Lease, Description [Line Items]
Additional operating leases not yet commenced, lease terms	34 months
Operating Leases [Member] | Maximum [Member]
Lessee, Lease, Description [Line Items]
Additional operating leases not yet commenced, lease terms	60 months

Leases Lease Assets and Liabili

Leases Lease Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Assets
Operating	$ 193.2	$ 0
Total leased assets	202.7
Liabilities, Noncurrent
Operating	103.8	$ 0
Total lease liabilities	161
Operating lease right-of-use assets [Member]
Assets
Operating	193.2
Property and equipment (including concession assets), net [Member]
Assets
Finance	9.5
Accounts payable and accrued liabilities [Member]
Liabilities, Current
Operating	47.7
Long-term debt due within one year [Member]
Liabilities, Current
Finance	1.8
Long-term operating lease liabilities [Member]
Liabilities, Noncurrent
Operating	103.8
Long-term debt [Member]
Liabilities, Noncurrent
Finance	$ 7.7

Leases Components of Lease Expe

Leases Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Finance lease cost:
Total lease cost	$ 14.6	$ 29.6
Equipment costs [Member]
Lease Cost [Line Items]
Operating lease cost	13.4	27.2
Depreciation and amortization [Member]
Finance lease cost:
Amortization of finance lease assets	0.9	1.8
Interest expense [Member]
Finance lease cost:
Interest on lease liabilities	$ 0.3	$ 0.6

Leases Cash Flow Information (D

Leases Cash Flow Information (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)
Leases [Abstract]
Cash paid for operating leases included in operating activities	$ 32.5
Cash paid for finance leases included in operating activities	0.6
Cash paid for finance leases included in financing activities	1.8
Right-of-use assets obtained in exchange for operating lease liabilities	$ 7.3

Leases Lease Term and Discount

Leases Lease Term and Discount Rate (Details)	Jun. 30, 2019
Weighted-Average Remaining Lease Term (years)
Operating leases	7 years 1 month 6 days
Finance leases	4 years 6 months
Weighted-Average Discount Rate
Operating leases	4.40%
Finance leases	11.10%

Leases Remaining Maturities of

Leases Remaining Maturities of Lease Liabilities (Details) $ in Millions	Jun. 30, 2019USD ($)
Operating Leases
2019	$ 53.4
2020	31.3
2021	23.8
2022	17
2023	12.5
Thereafter	36
Total lease payments	174
Less imputed interest	22.5
Total	151.5
Finance Leases
2019	1.9
2020	2.7
2021	2.7
2022	2.7
2023	2.4
Thereafter	0.1
Total lease payments	12.5
Less imputed interest	3
Total	$ 9.5

Revenue Disaggregation of Reven

Revenue Disaggregation of Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Revenues	$ 714	$ 682.4	$ 1,388.8	$ 1,321
Freight Revenues [Member]
Disaggregation of Revenue [Line Items]
Revenues	678.4	653.1	1,321.8	1,264.5
Chemical and Petroleum [Member]
Disaggregation of Revenue [Line Items]
Revenues	188.3	157.8	356.9	297.5
Chemicals [Member]
Disaggregation of Revenue [Line Items]
Revenues	61.6	60.4	122.1	118.1
Petroleum [Member]
Disaggregation of Revenue [Line Items]
Revenues	90	57.8	164.3	106.8
Plastics [Member]
Disaggregation of Revenue [Line Items]
Revenues	36.7	39.6	70.5	72.6
Industrial and Consumer Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	150.3	152.7	300.1	299
Forest Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	63.2	69.2	129.6	134.5
Metals and Scrap [Member]
Disaggregation of Revenue [Line Items]
Revenues	59.9	54	116.9	107.8
Other Industrial and Consumer Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	27.2	29.5	53.6	56.7
Agriculture and Minerals [Member]
Disaggregation of Revenue [Line Items]
Revenues	122.4	125.1	245.3	238.5
Grain [Member]
Disaggregation of Revenue [Line Items]
Revenues	73.2	75.4	145.9	140.6
Food Products [Member]
Disaggregation of Revenue [Line Items]
Revenues	34.7	36.3	70.4	72.5
Ores and Minerals [Member]
Disaggregation of Revenue [Line Items]
Revenues	5.8	5.8	12.3	10.7
Stone, Clay and Glass [Member]
Disaggregation of Revenue [Line Items]
Revenues	8.7	7.6	16.7	14.7
Energy [Member]
Disaggregation of Revenue [Line Items]
Revenues	53.9	56.5	118.5	117.8
Utility Coal [Member]
Disaggregation of Revenue [Line Items]
Revenues	27.5	23.9	60	53.2
Coal and Petroleum Coke [Member]
Disaggregation of Revenue [Line Items]
Revenues	10.1	11.2	20.6	21.4
Frac Sand [Member]
Disaggregation of Revenue [Line Items]
Revenues	6.7	10.5	14.7	21.6
Crude Oil [Member]
Disaggregation of Revenue [Line Items]
Revenues	9.6	10.9	23.2	21.6
Intermodal [Member]
Disaggregation of Revenue [Line Items]
Revenues	92.6	93.7	172.5	184.6
Automotive [Member]
Disaggregation of Revenue [Line Items]
Revenues	70.9	67.3	128.5	127.1
Other Revenue [Member]
Disaggregation of Revenue [Line Items]
Revenues	$ 35.6	$ 29.3	$ 67	$ 56.5

Revenue Narrative (Details)

Revenue Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Amount of revenue recognized from performace obligations partially satisfied in previous periods	$ 18.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Accounts receivable, net	296.3	$ 301.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2019-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligations that were unsatisfied or partially satisfied	$ 19.7
Performance obligations that were unsatisfied or partially satisfied, expected timing of satisfaction	1 month

Revenue Changes in Contract Lia

Revenue Changes in Contract Liabilities (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Contract Liabilities [Roll Forward]
Beginning balance	$ 22.3	$ 20	$ 32.4	$ 26.8
Revenue recognized that was included in the contract liability balance at the beginning of the period	(10.1)	(9.1)	(24.2)	(18.5)
Increases due to consideration received, excluding amounts recognized as revenue during the period	6.8	5.7	10.8	8.3
Ending balance	$ 19	$ 16.6	$ 19	$ 16.6

Earnings Per Share Data (Detail

Earnings Per Share Data (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share Reconciliation [Abstract]
Net income available to common stockholders for purposes of computing basic earnings per share	$ 128.7	$ 148.2	$ 231.4	$ 292.6
Net income available to common stockholders for purposes of computing diluted earnings per share	$ 128.7	$ 148.2	$ 231.4	$ 292.6
Weighted-Average Number of Shares Outstanding Reconciliation [Abstract]
Basic shares	100,028	102,092	100,264	102,332
Effect of dilution	394	400	405	401
Diluted	100,422	102,492	100,669	102,733
Earnings Per Share [Abstract]
Basic earnings per share	$ 1.29	$ 1.45	$ 2.31	$ 2.86
Diluted earnings per share	$ 1.28	$ 1.45	$ 2.30	$ 2.85
Stock Options [Member]
Potentially Dilutive Shares Excluded from the Calculation [Abstract]
Stock options excluded as their inclusion would be anti-dilutive	134	93	212	100

Property and Equipment (Inclu_3

Property and Equipment (Including Concession Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	$ 11,367.1	$ 11,269.5
Accumulated depreciation and amortization	2,622.5	2,578.4
Property and equipment (including concession assets), net	8,744.6	8,691.1
Accumulated amortization	683.2	645.2
Concession assets, net of accumulated amortization	2,295	2,260.4
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	219	219.3
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	7,806	7,711.4
Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	2,699.1	2,739.5
Technology and other [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	313.8	305.6
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (including concession assets), gross	$ 188	$ 152.5

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of Company's debt	$ 2,685.3	$ 2,689.4
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of debt instruments	2,808.6	2,661.3
Foreign Currency Derivative Instruments [Member] | 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 instruments, assets	6.4	0.3
Treasury Lock Agreements [Member] | 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 treasury lock agreements, liabilities	$ 18.8	$ 2

Derivative Instruments Interest

Derivative Instruments Interest Rate Derivative Instruments (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)	May 31, 2017USD ($)Treasury_Lock_Agreements
Senior Notes [Member] | 2.35% Senior Notes due May 15, 2020 [Member]
Derivative [Line Items]
Senior notes anticipated to be refinanced	$ 275
Senior notes, stated interest rate	2.35%
Senior notes, maturity date	May 15, 2020
Treasury Lock Agreements [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative [Line Items]
Number of treasury lock agreements executed | Treasury_Lock_Agreements		4
Aggregate notional value of treasury lock agreements		$ 275
Weighted average interest rate of treasury lock agreements		2.85%

Derivative Instruments Summary

Derivative Instruments Summary of Foreign Currency Derivative Contracts (Details) $ in Millions, $ in Millions		6 Months Ended		12 Months Ended
		Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)		Jun. 30, 2019MXN ($)$ / $	Jun. 30, 2019USD ($)$ / $	Dec. 31, 2017USD ($)
Derivative [Line Items]
Cash received/(paid) on settlement of foreign currency contracts		$ 4.8	$ 12
Not Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member]
Derivative [Line Items]
Notional amount of foreign currency contracts						$ 3,442.3	$ 170
Weighted-average exchange rate of foreign currency forward contracts | $ / $						20.2	20.2
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		4.5
Not Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Contracts Executed in 2019 and Settled in 2019 [Member]
Derivative [Line Items]
Notional amount of foreign currency contracts						$ 4,683.8	$ 240
Weighted-average exchange rate of foreign currency forward contracts | $ / $						19.5	19.5
Not Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Offsetting Derivative Instrument [Member]
Derivative [Line Items]
Notional amount of foreign currency contracts						$ 4,683.8	$ 244.5
Weighted-average exchange rate of foreign currency forward contracts | $ / $						19.2	19.2
Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Contracts Executed in 2018 and Settled in 2019 [Member]
Derivative [Line Items]
Notional amount of foreign currency contracts				$ 120
Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Contracts Executed in 2018 and Settled in 2019 [Member] | Foreign Exchange Gain (Loss) [Member]
Derivative [Line Items]
Cash received/(paid) on settlement of foreign currency contracts		$ 0.3
Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Contracts Executed in 2018 and Settled in 2018 [Member]
Derivative [Line Items]
Notional amount of foreign currency contracts			125	220	[1]
Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Contracts Executed in 2018 and Settled in 2018 [Member] | Foreign Exchange Gain (Loss) [Member]
Derivative [Line Items]
Cash received/(paid) on settlement of foreign currency contracts			2	3.9	[1]
Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Contracts Executed in 2017 and Settled in 2018 [Member]
Derivative [Line Items]
Notional amount of foreign currency contracts	[1]							$ 80
Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Contracts Executed in 2017 and Settled in 2018 [Member] | Foreign Exchange Gain (Loss) [Member]
Derivative [Line Items]
Cash received/(paid) on settlement of foreign currency contracts			$ 10	$ 10	[1]
[1]	During the first half of 2018, the Company settled $125.0 million and $80.0 million of zero-cost collar contracts executed in 2018 and 2017, respectively, resulting in cash received of $2.0 million and $10.0 million .

Derivative Instruments Fair Val

Derivative Instruments Fair Value of Derivative Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	$ 6.4	$ 0.3
Derivative liabilities, fair value	18.8	2
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	6.4	0.3
Not Designated as Hedging Instrument [Member] | Foreign Currency Forward Contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	6.4	0
Not Designated as Hedging Instrument [Member] | Foreign Currency Zero-Cost Collar Contracts [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	0	0.3
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	18.8	2
Designated as Hedging Instrument [Member] | Treasury Lock Agreements [Member] | Accounts Payable and Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	18.8	0
Designated as Hedging Instrument [Member] | Treasury Lock Agreements [Member] | Other Noncurrent Liabilities and Deferred Credits [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities, fair value	$ 0	$ 2

Derivative Instruments Derivati

Derivative Instruments Derivative Instruments Affecting the Consolidated Statements of Income and Consolidated Statements of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in OCI on Derivative	$ (10)	$ 2	$ (16.8)	$ 8.1
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Treasury Lock Agreements [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in OCI on Derivative	(10)	2	(16.8)	8.1
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Income on Derivative	7.3	(12.4)	10.9	4.1
Not Designated as Hedging Instrument [Member] | 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	7.3	0	10.9	0
Not Designated as Hedging Instrument [Member] | 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	$ 0	$ (12.4)	$ 0	$ 4.1

Short-Term Borrowings (Details)

Short-Term Borrowings (Details) - KCS [Member] - Commercial Paper [Member] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Short-Term Borrowings [Line Items]
Amount of commercial paper outstanding	$ 0		$ 0
Maximum [Member]
Short-Term Borrowings [Line Items]
Commercial paper, days outstanding	90 days	90 days

Long-Term Debt (Details)

Long-Term Debt (Details) - USD ($) $ in Millions	Mar. 08, 2019	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Debt retirement costs		$ 0		$ (2.2)	$ (0.6)	$ (2.2)
KCS [Member]
Debt Instrument [Line Items]
Debt retirement costs		0		$ 0	(0.2)	$ 0
KCS [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument term to maturity	5 years
Credit facility maximum borrowing capacity	$ 600
Revolving credit facility replaced	$ 800
Revolving credit facility maturity date	Mar. 8, 2024
Debt issuance costs			$ 2.5
Debt retirement costs			$ (0.6)
Amount available under a revolving credit facility		600			600		$ 800
Outstanding borrowings under a revolving credit facility		$ 0			$ 0		$ 0
KCS [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Margin KCS pays or would pay above the LIBOR					1.25%
KCS [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Margin KCS pays or would pay above the LIBOR	1.00%
KCS [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Margin KCS pays or would pay above the LIBOR	1.75%
KCS [Member] | Revolving Credit Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	$ 25

Share Repurchases (Details)

Share Repurchases (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended						6 Months Ended	23 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2019
Equity, Class of Treasury Stock [Line Items]
Shares repurchased	$ 92.4	$ 50.3	$ 80.2	$ 54.8	$ 54.5	$ 54
Common Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (shares)	772,515						1,238,038	5,929,720
Shares repurchased	$ 92.3						$ 142.6	$ 640.9
Average price of shares repurchased	$ 119.54						$ 115.20	$ 108.08
$25 Par Preferred Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (shares)	2,790						4,900
Shares repurchased	$ 0.1						$ 0.1
Average price of shares repurchased	$ 26.10						$ 26.23
Preferred stock, par value	$ 25	$ 25	$ 25	$ 25	$ 25	$ 25	$ 25	$ 25

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Financial Guarantee [Member]
Loss Contingencies [Line Items]
Letter of credit outstanding, amount	$ 5.6		$ 5.6
Percent guarantee of unconsolidated affiliate debt	50.00%		50.00%
KCSM [Member]
Loss Contingencies [Line Items]
Total period of time for payments due under railroad Concession to Mexican government			50 years
Percentage of gross revenue payable under railroad Concession to Mexican government			1.25%
KCSM [Member] | Materials and Other Expense [Member]
Loss Contingencies [Line Items]
Concession duty expense	$ 4.9	$ 4.6	$ 9.1	$ 8.7
Panama Canal Railway Company [Member] | Financial Guarantee [Member] | 7.0% Senior Secured Notes due November 1, 2026 [Member]
Loss Contingencies [Line Items]
Debt instrument, stated interest rate	7.00%		7.00%
Debt instrument, maturity date			Nov. 1, 2026

Geographic Information (Informa

Geographic Information (Information by Geographic Area) (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)Segments	Jun. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of reportable business segments of the Company | Segments			1
Revenues	$ 714	$ 682.4	$ 1,388.8	$ 1,321
Property and equipment (including concession assets), net	8,744.6		8,744.6		$ 8,691.1
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	363.8	351.7	729.4	686.9
Property and equipment (including concession assets), net	5,384.5		5,384.5		5,401.3
MEXICO
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	350.2	$ 330.7	659.4	$ 634.1
Property and equipment (including concession assets), net	$ 3,360.1		$ 3,360.1		$ 3,289.8

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information (Narrative) (Details) - Senior Notes [Member] $ in Millions	Jun. 30, 2019USD ($)
KCS [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of senior notes	$ 2,593.5
KCSR [Member]
Condensed Financial Statements [Line Items]
Outstanding principal amount of senior notes	$ 2.7

Condensed Consolidating Stateme

Condensed Consolidating Statements of Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended						6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Condensed Statements of Comprehensive Income [Line Items]
Revenues	$ 714				$ 682.4		$ 1,388.8	$ 1,321
Operating expenses	506				436.6		1,020.5	856.5
Operating income	208				245.8		368.3	464.5
Equity in net earnings (losses) of affiliates	(0.2)				1		1.5	2
Interest expense	(28)				(28)		(56.2)	(53.5)
Debt retirement costs	0				(2.2)		(0.6)	(2.2)
Foreign exchange gain (loss)	8.3				(21)		12.9	6.8
Other income (expense), net	0.1				0.5		0.2	0.2
Income before income taxes	188.2				196.1		326.1	417.8
Income tax expense (benefit)	59.1				47.4		93.8	124.2
Net income	129.1	$ 103.2	$ 161.8	$ 174	148.7	$ 144.9	232.3	293.6
Less: Net income attributable to noncontrolling interest	0.4				0.5		0.8	0.9
Net income attributable to Kansas City Southern and subsidiaries	128.7				148.2		231.5	292.7
Other comprehensive income (loss)	(7.5)				0.3		(12.4)	6
Comprehensive income attributable to Kansas City Southern and subsidiaries	121.2				148.5		219.1	298.7
Consolidating Adjustments [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	(10.6)				(10.7)		(21)	(19.6)
Operating expenses	(10.6)				(10.7)		(21.2)	(19.6)
Operating income	0				0		0.2	0
Equity in net earnings (losses) of affiliates	(131)				(125.2)		(233.4)	(280.1)
Interest expense	26.9				20.2		53.6	40.2
Debt retirement costs	0				0		0	0
Foreign exchange gain (loss)	0				0		0	0
Other income (expense), net	(26.9)				(20.1)		(53.7)	(40.2)
Income before income taxes	(131)				(125.1)		(233.3)	(280.1)
Income tax expense (benefit)	0				0		0	0
Net income	(131)				(125.1)		(233.3)	(280.1)
Less: Net income attributable to noncontrolling interest	0				0		0	0
Net income attributable to Kansas City Southern and subsidiaries	(131)				(125.1)		(233.3)	(280.1)
Other comprehensive income (loss)	(0.1)				1.2		(0.3)	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	(131.1)				(123.9)		(233.6)	(280.1)
Parent [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	0				0		0	0
Operating expenses	2.1				2.3		3.3	3.5
Operating income	(2.1)				(2.3)		(3.3)	(3.5)
Equity in net earnings (losses) of affiliates	130.6				125.3		233	280
Interest expense	(26.5)				(23.1)		(52.9)	(44.4)
Debt retirement costs	0				0		(0.2)	0
Foreign exchange gain (loss)	0				0		0	0
Other income (expense), net	26.5				20		53	39.6
Income before income taxes	128.5				119.9		229.6	271.7
Income tax expense (benefit)	(0.2)				(28.3)		(1.9)	(21)
Net income	128.7				148.2		231.5	292.7
Less: Net income attributable to noncontrolling interest	0				0		0	0
Net income attributable to Kansas City Southern and subsidiaries	128.7				148.2		231.5	292.7
Other comprehensive income (loss)	(7.5)				0.3		(12.4)	6
Comprehensive income attributable to Kansas City Southern and subsidiaries	121.2				148.5		219.1	298.7
KCSR [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	321.5				314.1		645.7	615.9
Operating expenses	262.4				226.9		553.5	452.7
Operating income	59.1				87.2		92.2	163.2
Equity in net earnings (losses) of affiliates	(0.2)				(0.5)		(0.5)	(0.7)
Interest expense	(21.5)				(17.8)		(42.9)	(35.1)
Debt retirement costs	0				0		(0.2)	0
Foreign exchange gain (loss)	0				0		0	0
Other income (expense), net	(0.3)				0.6		(0.7)	0.3
Income before income taxes	37.1				69.5		47.9	127.7
Income tax expense (benefit)	8.3				12.6		10.2	25
Net income	28.8				56.9		37.7	102.7
Less: Net income attributable to noncontrolling interest	0				0		0	0
Net income attributable to Kansas City Southern and subsidiaries	28.8				56.9		37.7	102.7
Other comprehensive income (loss)	0				0		0	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	28.8				56.9		37.7	102.7
Guarantor Subsidiaries [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	10.7				11.5		22.4	20.4
Operating expenses	9.9				9.7		19.5	17.9
Operating income	0.8				1.8		2.9	2.5
Equity in net earnings (losses) of affiliates	1.1				0.9		1.8	1.7
Interest expense	0				0		0	0
Debt retirement costs	0				0		0	0
Foreign exchange gain (loss)	0				0		0	0
Other income (expense), net	0				0		0	0
Income before income taxes	1.9				2.7		4.7	4.2
Income tax expense (benefit)	0.3				0.9		1	1.3
Net income	1.6				1.8		3.7	2.9
Less: Net income attributable to noncontrolling interest	0				0		0	0
Net income attributable to Kansas City Southern and subsidiaries	1.6				1.8		3.7	2.9
Other comprehensive income (loss)	0				0		0	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	1.6				1.8		3.7	2.9
Non-Guarantor Subsidiaries [Member]
Condensed Statements of Comprehensive Income [Line Items]
Revenues	392.4				367.5		741.7	704.3
Operating expenses	242.2				208.4		465.4	402
Operating income	150.2				159.1		276.3	302.3
Equity in net earnings (losses) of affiliates	(0.7)				0.5		0.6	1.1
Interest expense	(6.9)				(7.3)		(14)	(14.2)
Debt retirement costs	0				(2.2)		(0.2)	(2.2)
Foreign exchange gain (loss)	8.3				(21)		12.9	6.8
Other income (expense), net	0.8				0		1.6	0.5
Income before income taxes	151.7				129.1		277.2	294.3
Income tax expense (benefit)	50.7				62.2		84.5	118.9
Net income	101				66.9		192.7	175.4
Less: Net income attributable to noncontrolling interest	0.4				0.5		0.8	0.9
Net income attributable to Kansas City Southern and subsidiaries	100.6				66.4		191.9	174.5
Other comprehensive income (loss)	0.1				(1.2)		0.3	0
Comprehensive income attributable to Kansas City Southern and subsidiaries	$ 100.7				$ 65.2		$ 192.2	$ 174.5

Condensed Consolidating Balance

Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Assets:
Current assets	$ 609.7	$ 635.4
Operating lease right-of-use assets	193.2	0
Investments	48	44.9
Investments in consolidated subsidiaries	0	0
Property and equipment (including concession assets), net	8,744.6	8,691.1
Other assets	42.6	98.4
Total assets	9,638.1	9,469.8
Liabilities and equity:
Current liabilities	767.3	447
Long-term operating lease liabilities	103.8	0
Long-term debt	2,401.4	2,679.3
Deferred income taxes	1,088.1	1,079.9
Other liabilities	126	130.9
Stockholders' equity	4,829.2	4,813
Noncontrolling interest	322.3	319.7
Total liabilities and equity	9,638.1	9,469.8
Consolidating Adjustments [Member]
Assets:
Current assets	(211.7)	(207.4)
Operating lease right-of-use assets	(4.2)	0
Investments	0	0
Investments in consolidated subsidiaries	(5,215.9)	(5,047.4)
Property and equipment (including concession assets), net	(7.8)	(8)
Other assets	(2,521)	(2,521.1)
Total assets	(7,960.6)	(7,783.9)
Liabilities and equity:
Current liabilities	(214)	(208.8)
Long-term operating lease liabilities	(3.3)	0
Long-term debt	(2,521)	(2,521)
Deferred income taxes	(2)	(2)
Other liabilities	0	(0.1)
Stockholders' equity	(5,220.3)	(5,052)
Noncontrolling interest	0	0
Total liabilities and equity	(7,960.6)	(7,783.9)
Parent [Member]
Assets:
Current assets	195.4	229.8
Operating lease right-of-use assets	0	0
Investments	0	0
Investments in consolidated subsidiaries	5,012.5	4,852.8
Property and equipment (including concession assets), net	0	0
Other assets	2,523.1	2,523.4
Total assets	7,731	7,606
Liabilities and equity:
Current liabilities	583.9	214.2
Long-term operating lease liabilities	0	0
Long-term debt	2,307.4	2,563
Deferred income taxes	(8)	(4.4)
Other liabilities	18.5	20.2
Stockholders' equity	4,829.2	4,813
Noncontrolling interest	0	0
Total liabilities and equity	7,731	7,606
KCSR [Member]
Assets:
Current assets	251.8	257.6
Operating lease right-of-use assets	164.3	0
Investments	3.5	3.9
Investments in consolidated subsidiaries	3.2	4.4
Property and equipment (including concession assets), net	4,383.9	4,429.2
Other assets	16.7	59.3
Total assets	4,823.4	4,754.4
Liabilities and equity:
Current liabilities	46.8	109.2
Long-term operating lease liabilities	88.3	0
Long-term debt	1,827.9	1,828.8
Deferred income taxes	821.6	812.8
Other liabilities	92.1	94.8
Stockholders' equity	1,946.7	1,908.8
Noncontrolling interest	0	0
Total liabilities and equity	4,823.4	4,754.4
Guarantor Subsidiaries [Member]
Assets:
Current assets	5.8	5
Operating lease right-of-use assets	0	0
Investments	5.9	4.4
Investments in consolidated subsidiaries	200.2	190.2
Property and equipment (including concession assets), net	161.7	165.1
Other assets	0	0
Total assets	373.6	364.7
Liabilities and equity:
Current liabilities	75.9	80.1
Long-term operating lease liabilities	0	0
Long-term debt	0	0
Deferred income taxes	84.6	84.7
Other liabilities	0.2	0.2
Stockholders' equity	212.9	199.7
Noncontrolling interest	0	0
Total liabilities and equity	373.6	364.7
Non-Guarantor Subsidiaries [Member]
Assets:
Current assets	368.4	350.4
Operating lease right-of-use assets	33.1	0
Investments	38.6	36.6
Investments in consolidated subsidiaries	0	0
Property and equipment (including concession assets), net	4,206.8	4,104.8
Other assets	23.8	36.8
Total assets	4,670.7	4,528.6
Liabilities and equity:
Current liabilities	274.7	252.3
Long-term operating lease liabilities	18.8	0
Long-term debt	787.1	808.5
Deferred income taxes	191.9	188.8
Other liabilities	15.2	15.8
Stockholders' equity	3,060.7	2,943.5
Noncontrolling interest	322.3	319.7
Total liabilities and equity	$ 4,670.7	$ 4,528.6

Condensed Consolidating State_2

Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating activities:
Net cash provided	$ 541.2	$ 425.8
Investing activities:
Capital expenditures	(350.4)	(267.3)
Purchase or replacement of equipment under operating leases	(0.9)	(98.9)
Property investments in MSLLC	(22.3)	(20.4)
Investments in and advances to affiliates	(15.3)	(6.3)
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0	0
Proceeds from disposal of property	12.3	5.7
Other investing activities	2.5	3
Net cash used	(374.1)	(384.2)
Financing activities:
Net short-term borrowings	0	(348.1)
Proceeds from issuance of long-term debt	0	499.4
Repayment of long-term debt	(5.5)	(76)
Debt issuance and retirement costs paid	(2.5)	(8)
Dividends paid	(72.6)	(74.1)
Shares repurchased	(142.7)	(108.5)
Proceeds from loans from affiliates	0	0
Repayment of loans from affiliates	0	0
Contribution from affiliates	0	0
Other financing activities	3.3	0.7
Net cash used for financing activities	(220)	(114.6)
Cash and cash equivalents:
Net decrease during each period	(52.9)	(73)
At beginning of year	100.5	134.1
At end of period	47.6	61.1
Consolidating Adjustments [Member]
Operating activities:
Net cash provided	(83.1)	(143.1)
Investing activities:
Capital expenditures	0	0
Purchase or replacement of equipment under operating leases	0	0
Property investments in MSLLC	0	0
Investments in and advances to affiliates	17.5	8.4
Proceeds from repayment of loans to affiliates	(171)	(3,891.8)
Loans to affiliates	171	3,966.9
Proceeds from disposal of property	0	0
Other investing activities	0	0
Net cash used	17.5	83.5
Financing activities:
Net short-term borrowings	0	0
Proceeds from issuance of long-term debt	0	0
Repayment of long-term debt	0	0
Debt issuance and retirement costs paid	0	0
Dividends paid	83.1	143.1
Shares repurchased	0	0
Proceeds from loans from affiliates	(171)	(3,966.9)
Repayment of loans from affiliates	171	3,891.8
Contribution from affiliates	(17.5)	(8.4)
Other financing activities	0	0
Net cash used for financing activities	65.6	59.6
Cash and cash equivalents:
Net decrease during each period	0	0
At beginning of year	0	0
At end of period	0	0
Parent [Member]
Operating activities:
Net cash provided	180.7	132.3
Investing activities:
Capital expenditures	0	0
Purchase or replacement of equipment under operating leases	0	0
Property investments in MSLLC	0	0
Investments in and advances to affiliates	(9.3)	(5.2)
Proceeds from repayment of loans to affiliates	131	3,766.8
Loans to affiliates	(131)	(3,841.9)
Proceeds from disposal of property	0	0
Other investing activities	0	0
Net cash used	(9.3)	(80.3)
Financing activities:
Net short-term borrowings	0	(348.1)
Proceeds from issuance of long-term debt	0	499.4
Repayment of long-term debt	0	0
Debt issuance and retirement costs paid	0	(6.2)
Dividends paid	(72.6)	(74.1)
Shares repurchased	(142.7)	(108.5)
Proceeds from loans from affiliates	40	125
Repayment of loans from affiliates	(40)	(125)
Contribution from affiliates	0	0
Other financing activities	3.3	0.7
Net cash used for financing activities	(212)	(36.8)
Cash and cash equivalents:
Net decrease during each period	(40.6)	15.2
At beginning of year	41.5	0.7
At end of period	0.9	15.9
KCSR [Member]
Operating activities:
Net cash provided	150.2	164.7
Investing activities:
Capital expenditures	(153.4)	(116)
Purchase or replacement of equipment under operating leases	(0.3)	(88.3)
Property investments in MSLLC	0	0
Investments in and advances to affiliates	0	0
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0	0
Proceeds from disposal of property	11.5	3
Other investing activities	(3.8)	2.2
Net cash used	(146)	(199.1)
Financing activities:
Net short-term borrowings	0	0
Proceeds from issuance of long-term debt	0	0
Repayment of long-term debt	(1.9)	(1.8)
Debt issuance and retirement costs paid	(1.2)	0
Dividends paid	0	0
Shares repurchased	0	0
Proceeds from loans from affiliates	131	3,791.9
Repayment of loans from affiliates	(131)	(3,766.8)
Contribution from affiliates	0	0
Other financing activities	0	0
Net cash used for financing activities	(3.1)	23.3
Cash and cash equivalents:
Net decrease during each period	1.1	(11.1)
At beginning of year	28.1	17.6
At end of period	29.2	6.5
Guarantor Subsidiaries [Member]
Operating activities:
Net cash provided	0.4	0.2
Investing activities:
Capital expenditures	(0.4)	(0.1)
Purchase or replacement of equipment under operating leases	0	0
Property investments in MSLLC	0	0
Investments in and advances to affiliates	(9.3)	(5.2)
Proceeds from repayment of loans to affiliates	0	0
Loans to affiliates	0	0
Proceeds from disposal of property	0	0
Other investing activities	0	0
Net cash used	(9.7)	(5.3)
Financing activities:
Net short-term borrowings	0	0
Proceeds from issuance of long-term debt	0	0
Repayment of long-term debt	0	(0.1)
Debt issuance and retirement costs paid	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	9.3	5.2
Other financing activities	0	0
Net cash used for financing activities	9.3	5.1
Cash and cash equivalents:
Net decrease during each period	0	0
At beginning of year	0	0
At end of period	0	0
Non-Guarantor Subsidiaries [Member]
Operating activities:
Net cash provided	293	271.7
Investing activities:
Capital expenditures	(196.6)	(151.2)
Purchase or replacement of equipment under operating leases	(0.6)	(10.6)
Property investments in MSLLC	(22.3)	(20.4)
Investments in and advances to affiliates	(14.2)	(4.3)
Proceeds from repayment of loans to affiliates	40	125
Loans to affiliates	(40)	(125)
Proceeds from disposal of property	0.8	2.7
Other investing activities	6.3	0.8
Net cash used	(226.6)	(183)
Financing activities:
Net short-term borrowings	0	0
Proceeds from issuance of long-term debt	0	0
Repayment of long-term debt	(3.6)	(74.1)
Debt issuance and retirement costs paid	(1.3)	(1.8)
Dividends paid	(83.1)	(143.1)
Shares repurchased	0	0
Proceeds from loans from affiliates	0	50
Repayment of loans from affiliates	0	0
Contribution from affiliates	8.2	3.2
Other financing activities	0	0
Net cash used for financing activities	(79.8)	(165.8)
Cash and cash equivalents:
Net decrease during each period	(13.4)	(77.1)
At beginning of year	30.9	115.8
At end of period	$ 17.5	$ 38.7