Financial Statements for Guarantors of the Senior Notes (Details 2) (USD $) | 3 Months Ended | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2014 | Sep. 30, 2013 |
Operating activities: | ' | | ' | ' | | ' |
Net income | $156.90 | | $106.10 | $563 | | $273.10 |
Equity in earnings of subsidiaries, net of taxes | 0 | | 0 | 0 | | 0 |
Other | ' | | ' | -231.2 | | 95.4 |
Net cash provided (required) by operating activities - continuing operations | ' | | ' | 331.8 | | 368.5 |
Net cash provided by operating activities - discontinued operations | ' | | ' | 0.8 | | 6.2 |
Net cash provided (required) by operating activities | ' | | ' | 332.6 | | 374.7 |
Investing activities: | ' | | ' | ' | | ' |
(Increase) decrease in short-term marketable securities | ' | | ' | 149.7 | | -96 |
Net change in TRIP Holdings Senior Secured Notes | ' | | ' | ' | | 0 |
Proceeds from railcar lease fleet sales | ' | | ' | 257.4 | | 59.3 |
Proceeds from disposition of property, plant, equipment, and other assets | ' | | ' | 21.9 | | 1.1 |
Capital expenditures – leasing | ' | | ' | -170.4 | | -455.5 |
Capital expenditures – manufacturing and other | ' | | ' | -170 | | -91.2 |
Acquisitions, net of cash acquired | -593 | | 0 | -711.8 | | -37.2 |
(Increase) decrease in investment in partially-owned subsidiaries | ' | | ' | 0 | | 0 |
Other | ' | | ' | 2 | | -9.4 |
Net cash provided (required) by investing activities - continuing operations | ' | | ' | -621.2 | | -628.9 |
Net cash provided by investing activities - discontinued operations | ' | | ' | 0 | | 0.4 |
Net cash provided (required) by investing activities | ' | | ' | -621.2 | | -628.5 |
Financing activities: | ' | | ' | ' | | ' |
Proceeds from issuance of common stock, net | ' | | ' | 0.6 | | 2.1 |
Excess tax benefits from stock-based compensation | ' | | ' | 24.2 | | 8.1 |
Payments to retire debt | ' | | ' | -140.2 | | -227.5 |
Proceeds from issuance of debt | ' | | ' | 727.4 | | 175.4 |
(Increase) decrease in restricted cash | ' | | ' | -2.2 | | -26.1 |
Shares repurchased | ' | | ' | -36.5 | | -71.1 |
Dividends paid to common shareholders | ' | | ' | -38.7 | | -27.5 |
Purchase of shares to satisfy employee tax on vested stock | ' | | ' | -38.5 | | -9.1 |
Proceeds from sale of interests in partially-owned leasing subsidiaries | ' | | ' | 0 | | 296.7 |
Repurchase of noncontrolling interests in partially-owned leasing subsidiary | ' | | ' | 0 | | -84 |
Contributions from noncontrolling interest | ' | | ' | 49.6 | | 50 |
Distributions to noncontrolling interest | ' | | ' | -19.3 | | -3.3 |
Distributions to controlling interest in partially-owned subsidiaries | ' | | ' | ' | | 0 |
Contributions from controlling interest in partially-owned subsidiaries | ' | | ' | 0 | | ' |
Other | ' | | ' | -1.3 | | 0.7 |
Net cash provided (required) by financing activities - continuing operations | ' | | ' | 525.1 | | 84.4 |
Net cash required by financing activities - discontinued operations | ' | | ' | -1.3 | | -1 |
Net cash provided (required) by financing activities | ' | | ' | 523.8 | | 83.4 |
Net increase (decrease) in cash and cash equivalents | ' | | ' | 235.2 | | -170.4 |
Cash and cash equivalents at beginning of period | ' | | ' | 428.5 | | 573 |
Cash and cash equivalents at end of period | 663.7 | [1] | 402.6 | 663.7 | [1] | 402.6 |
Parent | ' | | ' | ' | | ' |
Operating activities: | ' | | ' | ' | | ' |
Net income | 156.9 | | 106.1 | 563 | | 273.1 |
Equity in earnings of subsidiaries, net of taxes | -212.6 | | -126.6 | -622.4 | | -295.8 |
Other | ' | | ' | -159.3 | | -41.2 |
Net cash provided (required) by operating activities - continuing operations | ' | | ' | -218.7 | | -63.9 |
Net cash provided by operating activities - discontinued operations | ' | | ' | 0 | | 0 |
Net cash provided (required) by operating activities | ' | | ' | -218.7 | | -63.9 |
Investing activities: | ' | | ' | ' | | ' |
(Increase) decrease in short-term marketable securities | ' | | ' | 149.7 | | -96 |
Net change in TRIP Holdings Senior Secured Notes | ' | | ' | ' | | 108.8 |
Proceeds from railcar lease fleet sales | ' | | ' | 0 | | 0 |
Proceeds from disposition of property, plant, equipment, and other assets | ' | | ' | 0.4 | | 0 |
Capital expenditures – leasing | ' | | ' | 0 | | 0 |
Capital expenditures – manufacturing and other | ' | | ' | -7.8 | | -9.8 |
Acquisitions, net of cash acquired | ' | | ' | 0 | | 0 |
(Increase) decrease in investment in partially-owned subsidiaries | ' | | ' | 0 | | 0 |
Other | ' | | ' | 0 | | 0 |
Net cash provided (required) by investing activities - continuing operations | ' | | ' | 142.3 | | 3 |
Net cash provided by investing activities - discontinued operations | ' | | ' | 0 | | 0 |
Net cash provided (required) by investing activities | ' | | ' | 142.3 | | 3 |
Financing activities: | ' | | ' | ' | | ' |
Proceeds from issuance of common stock, net | ' | | ' | 0.6 | | 2.1 |
Excess tax benefits from stock-based compensation | ' | | ' | 24.2 | | 8.1 |
Payments to retire debt | ' | | ' | -0.5 | | 0 |
Proceeds from issuance of debt | ' | | ' | 395.4 | | 0 |
(Increase) decrease in restricted cash | ' | | ' | 0 | | 0 |
Shares repurchased | ' | | ' | -36.5 | | -71.1 |
Dividends paid to common shareholders | ' | | ' | -38.7 | | -27.5 |
Purchase of shares to satisfy employee tax on vested stock | ' | | ' | -38.5 | | -9.1 |
Proceeds from sale of interests in partially-owned leasing subsidiaries | ' | | ' | ' | | 0 |
Repurchase of noncontrolling interests in partially-owned leasing subsidiary | ' | | ' | ' | | 0 |
Contributions from noncontrolling interest | ' | | ' | 0 | | 0 |
Distributions to noncontrolling interest | ' | | ' | 0 | | 0 |
Distributions to controlling interest in partially-owned subsidiaries | ' | | ' | ' | | 0 |
Contributions from controlling interest in partially-owned subsidiaries | ' | | ' | 0 | | ' |
Other | ' | | ' | 0 | | 0 |
Net cash provided (required) by financing activities - continuing operations | ' | | ' | 306 | | -97.5 |
Net cash required by financing activities - discontinued operations | ' | | ' | 0 | | 0 |
Net cash provided (required) by financing activities | ' | | ' | 306 | | -97.5 |
Net increase (decrease) in cash and cash equivalents | ' | | ' | 229.6 | | -158.4 |
Cash and cash equivalents at beginning of period | ' | | ' | 409.8 | | 506.2 |
Cash and cash equivalents at end of period | 639.4 | | 347.8 | 639.4 | | 347.8 |
Combined Guarantor Subsidiaries | ' | | ' | ' | | ' |
Operating activities: | ' | | ' | ' | | ' |
Net income | 199.5 | | 153.6 | 593.8 | | 320.1 |
Equity in earnings of subsidiaries, net of taxes | -39.5 | | -50.9 | -165.9 | | -103.4 |
Other | ' | | ' | -752.1 | | 45.2 |
Net cash provided (required) by operating activities - continuing operations | ' | | ' | -324.2 | | 261.9 |
Net cash provided by operating activities - discontinued operations | ' | | ' | 0.8 | | 12.5 |
Net cash provided (required) by operating activities | ' | | ' | -323.4 | | 274.4 |
Investing activities: | ' | | ' | ' | | ' |
(Increase) decrease in short-term marketable securities | ' | | ' | 0 | | 0 |
Net change in TRIP Holdings Senior Secured Notes | ' | | ' | ' | | 0 |
Proceeds from railcar lease fleet sales | ' | | ' | 549.1 | | 258.5 |
Proceeds from disposition of property, plant, equipment, and other assets | ' | | ' | 0 | | 0.1 |
Capital expenditures – leasing | ' | | ' | -164.4 | | -434.2 |
Capital expenditures – manufacturing and other | ' | | ' | -48.7 | | -36.5 |
Acquisitions, net of cash acquired | ' | | ' | 0 | | 35.6 |
(Increase) decrease in investment in partially-owned subsidiaries | ' | | ' | -10.2 | | 42.9 |
Other | ' | | ' | 1.5 | | -7.7 |
Net cash provided (required) by investing activities - continuing operations | ' | | ' | 327.3 | | -141.3 |
Net cash provided by investing activities - discontinued operations | ' | | ' | 0 | | 0.4 |
Net cash provided (required) by investing activities | ' | | ' | 327.3 | | -140.9 |
Financing activities: | ' | | ' | ' | | ' |
Proceeds from issuance of common stock, net | ' | | ' | 0 | | 0 |
Excess tax benefits from stock-based compensation | ' | | ' | 0 | | 0 |
Payments to retire debt | ' | | ' | -2.3 | | -51.6 |
Proceeds from issuance of debt | ' | | ' | 0 | | 0 |
(Increase) decrease in restricted cash | ' | | ' | 0 | | 0 |
Shares repurchased | ' | | ' | 0 | | 0 |
Dividends paid to common shareholders | ' | | ' | 0 | | 0 |
Purchase of shares to satisfy employee tax on vested stock | ' | | ' | 0 | | 0 |
Proceeds from sale of interests in partially-owned leasing subsidiaries | ' | | ' | ' | | 0 |
Repurchase of noncontrolling interests in partially-owned leasing subsidiary | ' | | ' | ' | | -84 |
Contributions from noncontrolling interest | ' | | ' | 0 | | 0 |
Distributions to noncontrolling interest | ' | | ' | 0 | | 0 |
Distributions to controlling interest in partially-owned subsidiaries | ' | | ' | ' | | 0 |
Contributions from controlling interest in partially-owned subsidiaries | ' | | ' | 0 | | ' |
Other | ' | | ' | -0.5 | | -0.1 |
Net cash provided (required) by financing activities - continuing operations | ' | | ' | -2.8 | | -135.7 |
Net cash required by financing activities - discontinued operations | ' | | ' | -1.3 | | -1 |
Net cash provided (required) by financing activities | ' | | ' | -4.1 | | -136.7 |
Net increase (decrease) in cash and cash equivalents | ' | | ' | -0.2 | | -3.2 |
Cash and cash equivalents at beginning of period | ' | | ' | 2.1 | | 4.4 |
Cash and cash equivalents at end of period | 1.9 | | 1.2 | 1.9 | | 1.2 |
Combined Non-Guarantor Subsidiaries | ' | | ' | ' | | ' |
Operating activities: | ' | | ' | ' | | ' |
Net income | 52.4 | | 20.9 | 194.9 | | 76.8 |
Equity in earnings of subsidiaries, net of taxes | 0 | | 0 | 0 | | 0 |
Other | ' | | ' | 679.8 | | 93.7 |
Net cash provided (required) by operating activities - continuing operations | ' | | ' | 874.7 | | 170.5 |
Net cash provided by operating activities - discontinued operations | ' | | ' | 0 | | -6.3 |
Net cash provided (required) by operating activities | ' | | ' | 874.7 | | 164.2 |
Investing activities: | ' | | ' | ' | | ' |
(Increase) decrease in short-term marketable securities | ' | | ' | 0 | | 0 |
Net change in TRIP Holdings Senior Secured Notes | ' | | ' | ' | | 0 |
Proceeds from railcar lease fleet sales | ' | | ' | 132.1 | | 34.3 |
Proceeds from disposition of property, plant, equipment, and other assets | ' | | ' | 21.5 | | 1 |
Capital expenditures – leasing | ' | | ' | -429.8 | | -254.8 |
Capital expenditures – manufacturing and other | ' | | ' | -113.5 | | -44.9 |
Acquisitions, net of cash acquired | ' | | ' | -711.8 | | -72.8 |
(Increase) decrease in investment in partially-owned subsidiaries | ' | | ' | 0 | | 0 |
Other | ' | | ' | 0.5 | | -1.7 |
Net cash provided (required) by investing activities - continuing operations | ' | | ' | -1,101 | | -338.9 |
Net cash provided by investing activities - discontinued operations | ' | | ' | 0 | | 0 |
Net cash provided (required) by investing activities | ' | | ' | -1,101 | | -338.9 |
Financing activities: | ' | | ' | ' | | ' |
Proceeds from issuance of common stock, net | ' | | ' | 0 | | 0 |
Excess tax benefits from stock-based compensation | ' | | ' | 0 | | 0 |
Payments to retire debt | ' | | ' | -137.4 | | -284.7 |
Proceeds from issuance of debt | ' | | ' | 332 | | 175.4 |
(Increase) decrease in restricted cash | ' | | ' | 6.8 | | -8.6 |
Shares repurchased | ' | | ' | 0 | | 0 |
Dividends paid to common shareholders | ' | | ' | 0 | | 0 |
Purchase of shares to satisfy employee tax on vested stock | ' | | ' | 0 | | 0 |
Proceeds from sale of interests in partially-owned leasing subsidiaries | ' | | ' | ' | | 296.7 |
Repurchase of noncontrolling interests in partially-owned leasing subsidiary | ' | | ' | ' | | 0 |
Contributions from noncontrolling interest | ' | | ' | 49.6 | | 50 |
Distributions to noncontrolling interest | ' | | ' | -19.3 | | -3.3 |
Distributions to controlling interest in partially-owned subsidiaries | ' | | ' | ' | | -42.9 |
Contributions from controlling interest in partially-owned subsidiaries | ' | | ' | 10.2 | | ' |
Other | ' | | ' | -0.8 | | 0.8 |
Net cash provided (required) by financing activities - continuing operations | ' | | ' | 241.1 | | 183.4 |
Net cash required by financing activities - discontinued operations | ' | | ' | 0 | | 0 |
Net cash provided (required) by financing activities | ' | | ' | 241.1 | | 183.4 |
Net increase (decrease) in cash and cash equivalents | ' | | ' | 14.8 | | 8.7 |
Cash and cash equivalents at beginning of period | ' | | ' | 44 | | 74.8 |
Cash and cash equivalents at end of period | 58.8 | | 83.5 | 58.8 | | 83.5 |
Eliminations | ' | | ' | ' | | ' |
Operating activities: | ' | | ' | ' | | ' |
Net income | -251.9 | | -174.5 | -788.7 | | -396.9 |
Equity in earnings of subsidiaries, net of taxes | 252.1 | | 177.5 | 788.3 | | 399.2 |
Other | ' | | ' | 0.4 | | -2.3 |
Net cash provided (required) by operating activities - continuing operations | ' | | ' | 0 | | 0 |
Net cash provided by operating activities - discontinued operations | ' | | ' | 0 | | 0 |
Net cash provided (required) by operating activities | ' | | ' | 0 | | 0 |
Investing activities: | ' | | ' | ' | | ' |
(Increase) decrease in short-term marketable securities | ' | | ' | 0 | | 0 |
Net change in TRIP Holdings Senior Secured Notes | ' | | ' | ' | | -108.8 |
Proceeds from railcar lease fleet sales | ' | | ' | -423.8 | | -233.5 |
Proceeds from disposition of property, plant, equipment, and other assets | ' | | ' | 0 | | 0 |
Capital expenditures – leasing | ' | | ' | 423.8 | | 233.5 |
Capital expenditures – manufacturing and other | ' | | ' | 0 | | 0 |
Acquisitions, net of cash acquired | ' | | ' | 0 | | 0 |
(Increase) decrease in investment in partially-owned subsidiaries | ' | | ' | 10.2 | | -42.9 |
Other | ' | | ' | 0 | | 0 |
Net cash provided (required) by investing activities - continuing operations | ' | | ' | 10.2 | | -151.7 |
Net cash provided by investing activities - discontinued operations | ' | | ' | 0 | | 0 |
Net cash provided (required) by investing activities | ' | | ' | 10.2 | | -151.7 |
Financing activities: | ' | | ' | ' | | ' |
Proceeds from issuance of common stock, net | ' | | ' | 0 | | 0 |
Excess tax benefits from stock-based compensation | ' | | ' | 0 | | 0 |
Payments to retire debt | ' | | ' | 0 | | 108.8 |
Proceeds from issuance of debt | ' | | ' | 0 | | 0 |
(Increase) decrease in restricted cash | ' | | ' | -9 | | -17.5 |
Shares repurchased | ' | | ' | 0 | | 0 |
Dividends paid to common shareholders | ' | | ' | 0 | | 0 |
Purchase of shares to satisfy employee tax on vested stock | ' | | ' | 0 | | 0 |
Proceeds from sale of interests in partially-owned leasing subsidiaries | ' | | ' | ' | | 0 |
Repurchase of noncontrolling interests in partially-owned leasing subsidiary | ' | | ' | ' | | 0 |
Contributions from noncontrolling interest | ' | | ' | 0 | | ' |
Distributions to noncontrolling interest | ' | | ' | 0 | | ' |
Distributions to controlling interest in partially-owned subsidiaries | ' | | ' | ' | | 42.9 |
Contributions from controlling interest in partially-owned subsidiaries | ' | | ' | -10.2 | | ' |
Other | ' | | ' | 0 | | 0 |
Net cash provided (required) by financing activities - continuing operations | ' | | ' | -19.2 | | 134.2 |
Net cash required by financing activities - discontinued operations | ' | | ' | 0 | | 0 |
Net cash provided (required) by financing activities | ' | | ' | -19.2 | | 134.2 |
Net increase (decrease) in cash and cash equivalents | ' | | ' | -9 | | -17.5 |
Cash and cash equivalents at beginning of period | ' | | ' | -27.4 | | -12.4 |
Cash and cash equivalents at end of period | ($36.40) | | ($29.90) | ($36.40) | | ($29.90) |
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[1] | (unaudited) |