Trinity Industries (TRN) 10-Q 30 Apr 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 24, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	1-6903
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	75-0225040
Entity Address, Address Line One	2525 N. Stemmons Freeway
Entity Address, City or Town	Dallas,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75207-2401
City Area Code	214
Local Phone Number	631-4420
Title of 12(b) Security	Common Stock
Entity Trading Symbol	TRN
Security Exchange Name	NYSE
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		117,833,593
Entity Registrant Name	TRINITY INDUSTRIES INC
Entity Central Index Key	0000099780
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period	Q1
Current Fiscal Year End Date	--12-31

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues [Abstract]
Revenues	$ 615.2	$ 604.8
Cost of revenues:
Total cost of revenues	482	463.4
Selling, engineering, and administrative expenses:
Selling, engineering, and administrative expenses	64.3	59.6
Gains (losses) on dispositions of property:
Net gains on railcar lease fleet sales owned more than one year at the time of sale	8.7	7.9
Other	0.9	2.1
Total gains (losses) on disposition of property	9.6	10
Restructuring Charges	5.5	0
Total operating profit	73	91.8
Other (income) expense:
Interest income	(2.4)	(1.3)
Interest expense	61.3	52.7
Other Nonoperating Income (Expense)	(0.8)	0.3
Other Nonoperating Expense	58.1	51.7
Income from continuing operations before income taxes	14.9	40.1
Current Income Tax Expense (Benefit)	(372.8)	(0.8)
Provision for deferred income taxes	225.2	9.7
Provision (benefit) for income taxes	(147.6)	8.9
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	162.5	31.2
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(0.2)	(1.1)
Net income	162.3	30.1
Net income (loss) attributable to noncontrolling interest	0.6	(0.5)
Net income attributable to Trinity Industries, Inc.	$ 161.7	$ 30.6
Basic earnings per common share:
Income (Loss) from Continuing Operations, Per Basic Share	$ 1.36	$ 0.24
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	0	(0.01)
Earnings Per Share, Basic	1.36	0.23
Income (Loss) from Continuing Operations, Per Diluted Share	1.33	0.24
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	0	(0.01)
Earnings Per Share, Diluted	$ 1.33	$ 0.23
Weighted average number of shares outstanding:
Basic (in shares)	118	130.4
Diluted (in shares)	119.9	132.2
Manufacturing
Revenues [Abstract]
Revenues	$ 379.1	$ 404.6
Cost of revenues:
Total cost of revenues	343.4	351.6
Selling, engineering, and administrative expenses:
Selling, engineering, and administrative expenses	21.9	23.2
Leasing
Revenues [Abstract]
Revenues	236.1	200.2
Cost of revenues:
Total cost of revenues	138.6	111.8
Selling, engineering, and administrative expenses:
Selling, engineering, and administrative expenses	14.3	12.8
Other
Selling, engineering, and administrative expenses:
Selling, engineering, and administrative expenses	$ 28.1	$ 23.6

Consolidated Statements of Op_2

Consolidated Statements of Operations Consolidated Statements of Operations (unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Discontinued Operation, Tax Effect of Discontinued Operation	$ (0.1)	$ (0.2)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 162.3	$ 30.1
Derivative financial instruments:
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(25.6)	(5.5)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	1	0.9
Defined benefit plans:
Amortization of net actuarial losses, net of tax benefit	1.2	0.8
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), after Tax	0.2	0
Other comprehensive income	(23.2)	(3.8)
Comprehensive income	139.1	26.3
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	0.9	(0.2)
Comprehensive income attributable to Trinity Industries, Inc.	$ 138.2	$ 26.5

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	$ 7.7	$ 1.7
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	0.5	0.4
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	0.1	0
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	$ 0.3	$ 0.3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and cash equivalents	$ 213.2	$ 166.2
Receivables, net of allowance	297.8	260.1
Income tax receivable	389.1	14.7
Inventories:
Raw materials and supplies	239.8	263.4
Work in process	113.2	108.8
Finished goods	89	61.2
Inventory	442	433.4
Restricted Cash and Cash Equivalents	96.3	111.4
Property, Plant and Equipment, Gross	9,335.7	9,272.5
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	2,217	2,161.9
Property, plant, and equipment, net	7,118.7	7,110.6
Goodwill	208.8	208.8
Other assets	237	396.2
Assets	9,002.9	8,701.4
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	208.5	203.9
Accrued liabilities	348.5	342.1
Debt:
Recourse	527.9	522.8
Recourse And Non-Recourse Debt And Capital Lease Obligations	4,870.2	4,881.9
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	1,016.1	798.3
Other liabilities	93.5	96.3
Liabilities	6,536.8	6,322.5
Stockholders’ equity:
Preferred stock – 1.5 shares authorized and unissued	0	0
Common stock – 400.0 shares authorized	1.2	1.2
Capital in excess of par value	8	0
Retained earnings	2,321	2,182.9
Accumulated other comprehensive loss	(176.6)	(153.1)
Treasury stock	(37.2)	(0.9)
Stockholders' Equity Attributable to Parent	2,116.4	2,030.1
Noncontrolling interest	349.7	348.8
Total stockholders' equity	2,466.1	2,378.9
Total liabilities and stockholders' equity	9,002.9	8,701.4
Partially-owned subsidiaries
Inventories:
Restricted Cash and Cash Equivalents	27.3	33
Property, Plant and Equipment, Gross	2,069.6	2,065.3
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	540.5	527.7
Debt:
Non-recourse debt	1,263.5	1,278.4
Wholly-owned subsidiaries
Debt:
Non-recourse debt	$ 3,078.8	$ 3,080.7

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Preferred stock, shares authorized	1.5	1.5
Preferred Stock, Shares Unissued	1.5	1.5
Common stock, shares authorized	400	400
Restricted cash	$ 96.3	$ 111.4
Property, Plant and Equipment, Gross	9,335.7	9,272.5
Less accumulated depreciation	(2,217)	(2,161.9)
Partially-owned subsidiaries
Restricted cash	27.3	33
Property, Plant and Equipment, Gross	2,069.6	2,065.3
Less accumulated depreciation	$ (540.5)	$ (527.7)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 162.3	$ 30.1
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(0.2)	(1.1)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	66.9	67.5
Stock-based compensation expense	7.3	5.5
Provision for deferred income taxes	225.2	9.7
Net gains on railcar lease fleet sales owned more than one year at the time of sale	(8.7)	(7.9)
Gains on dispositions of property and other assets	(4.7)	(2.1)
Impairment of Long-Lived Assets to be Disposed of	5.2	0
Non-cash interest expense	3.7	3.6
Gain (Loss) on Extinguishment of Debt	5	0
Other	2	0
Changes in operating assets and liabilities:
(Increase) decrease in receivables	(37.8)	(93.4)
Increase (Decrease) in Income Taxes Receivable	(374.4)	24.3
(Increase) decrease in inventories	(8.6)	(93.7)
(Increase) decrease in other assets	159.4	4.3
Increase (decrease) in accounts payable	3.3	(14.8)
Increase (decrease) in accrued liabilities	(30.8)	(52.8)
Increase (decrease) in other liabilities	(1.7)	(6.2)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	173.8	(124.8)
Cash Provided by (Used in) Operating Activities, Discontinued Operations	(0.2)	(1.1)
Net Cash Provided by (Used in) Operating Activities	173.6	(125.9)
Investing activities:
Proceeds from dispositions of property and other assets	9.8	7.3
Proceeds from railcar lease fleet sales owned more than one year at the time of sale	68.5	29.4
Payments to Acquire Leasing Assets Net of Sold Railcars Owned One Year or Less	129.2	465
Capital expenditures – manufacturing and other	(14)	(11.5)
Other	0.3	1.3
Net cash provided (required) by investing activities	(64.6)	(438.5)
Financing activities:
Payments to retire debt	(471.4)	(214.8)
Proceeds from issuance of debt	452.4	649.7
Shares repurchased	(35.4)	(15)
Dividends paid to common shareholders	(22.7)	(17.3)
Purchase of shares to satisfy employee tax on vested stock	0	(0.5)
Distributions to noncontrolling interest	0	(0.4)
Net cash provided (required) by financing activities	(77.1)	401.7
Net increase (decrease) in cash, cash equivalents, and restricted cash	31.9	(162.7)
Cash, cash equivalents, and restricted cash at beginning of period	277.6	350.8
Cash, cash equivalents, and restricted cash at end of period	$ 309.5	$ 188.1

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Cash Flows [Abstract]
Capital expenditures – leasing, net of sold railcars owned one year or less, net cost	$ 42.5	$ 12.5

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity (unaudited) - USD ($) $ in Millions	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Trinity Stockholders’ Equity	Noncontrolling Interest
Common Stock, Shares, Issued		(133,300,000)				(100,000)
Common Stock, Dividends, Per Share, Declared	$ 0.17
Beginning balance at Dec. 31, 2018	$ 2,562	$ 1.3	$ 1.2	$ 2,326.1	$ (116.8)	$ (1)	$ 2,210.8	$ 351.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	30.1			30.6			30.6	(0.5)
Other comprehensive (loss) income	(3.8)				(4.1)		(4.1)	0.3
Dividends, Common Stock, Cash	(22.3)			(22.3)			(22.3)
Stock-based compensation	$ 5.5		$ 5.5				5.5
Restricted shares, net, (in shares)						0
Shares repurchased, shares	(866,715)		(2,600,000)			(3,500,000)
Shares repurchased	$ (19)		$ (70)			$ (89)	(19)
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	(0.5)		0.6			(1.1)	(0.5)
Distributions to noncontrolling interest	(0.4)						0	(0.4)
Cumulative Effect on Retained Earnings, Net of Tax	13.7			13.7			13.7
Stockholders' equity, other	0.2			(0.2)			(0.2)
Ending balance at Mar. 31, 2019	$ 2,565.1	$ 1.3	77.3	2,347.9	(120.9)	$ (91.1)	2,214.5	350.6
Common Stock, Shares, Issued		(133,300,000)				(3,600,000)
Common Stock, Shares, Issued		(119,700,000)				100,000
Stockholders' Equity Note, Spinoff Transaction				161.7
Common Stock, Dividends, Per Share, Declared	$ 0.19
Beginning balance at Dec. 31, 2019	$ 2,378.9	$ 1.2	0	2,182.9	(153.1)	$ (0.9)	2,030.1	348.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	162.3						161.7	0.6
Other comprehensive (loss) income	(23.2)				(23.5)		(23.5)	0.3
Dividends, Common Stock, Cash	(24.6)			(24.6)			(24.6)
Stock-based compensation	7.3		7.3				7.3
Restricted shares, net, (in shares)						0
Shares repurchased, shares						(1,850,000)
Shares repurchased	(35.4)					$ (35.4)	(35.4)
Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures	(0.2)		0.7			(0.9)	(0.2)
Cumulative Effect on Retained Earnings, Net of Tax	0.5			0.5			0.5
Stockholders' equity, other	(0.5)			0.5			0.5
Ending balance at Mar. 31, 2020	$ 2,466.1	$ 1.2	$ 8	$ 2,321	$ (176.6)	$ (37.2)	$ 2,116.4	$ 349.7
Common Stock, Shares, Issued		(119,700,000)				2,000,000

Consolidated Statement of Sto_2

Consolidated Statement of Stockholders' Equity (unaudited) (Parenthetical) - $ / shares	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common Stock, Par Value (in dollars per share)	$ 0.01	$ 0.01

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The foregoing Consolidated Financial Statements are unaudited and have been prepared from the books and records of Trinity Industries, Inc. and its consolidated subsidiaries (“Trinity,” “Company,” “we,” “our,” or "us") including the accounts of our wholly-owned subsidiaries and partially-owned subsidiaries, TRIP Rail Holdings LLC (“TRIP Holdings”) and RIV 2013 Rail Holdings LLC ("RIV 2013"), in which we have a controlling interest. In our opinion, all normal and recurring adjustments necessary for a fair presentation of our financial position as of March 31, 2020 , and the results of operations for the three months ended March 31, 2020 and 2019 , and cash flows for the three months ended March 31, 2020 and 2019 , have been made in conformity with generally accepted accounting principles. All significant intercompany accounts and transactions have been eliminated. Certain prior year balances have been reclassified to conform to the 2020 presentation. Due to seasonal and other factors, including the potential impacts of the coronavirus disease 2019 (“COVID-19”) pandemic and the related governmental response, the results of operations for the three months ended March 31, 2020 may not be indicative of expected results of operations for the year ending December 31, 2020 . These interim financial statements and notes are condensed as permitted by the instructions to Form 10-Q and should be read in conjunction with our audited Consolidated Financial Statements included in our Form 10-K for the year ended December 31, 2019 . Revenue Recognition Revenue is measured based on the allocation of the transaction price in a contract to satisfied performance obligations. The transaction price does not include any amounts collected on behalf of third parties. We recognize revenue when we satisfy a performance obligation by transferring control over a product or service to a customer. Payments for our products and services are generally due within normal commercial terms. The following is a description of principal activities from which we generate our revenue, separated by reportable segments. See Note 3 for a further discussion regarding our reportable segments. Railcar Leasing and Management Services Group In our Railcar Leasing and Management Services Group ("Leasing Group"), revenue from rentals and operating leases, including contracts that contain non-level fixed lease payments, is recognized monthly on a straight-line basis. Leases not classified as operating leases are generally considered sales-type leases as a result of an option to purchase. We review our operating lease receivables for collectibility on a regular basis, taking into consideration changes in factors such as the lessee’s payment history, the financial condition of the lessee, and business and economic conditions in the industry in which the lessee operates. In the event that the collectibility of a receivable with respect to any lessee is no longer probable, we de-recognize the revenue and related receivable and recognize future revenue only when the lessee makes a rental payment. Contingent rents are recognized when the contingency is resolved. Selling profit or loss associated with sales-type leases is recognized upon lease commencement, and a net investment in the sales-type lease is recorded on the Consolidated Balance Sheet. Interest income related to sales-type leases is recognized over the lease term using the effective interest method. We had no sales-type leases as of March 31, 2020. Revenue is recognized from the sales of railcars from the lease fleet on a gross basis in leasing revenues and cost of revenues if the railcar has been owned for one year or less at the time of sale. Sales of railcars from the lease fleet owned for more than one year are recognized as a net gain or loss from the disposal of a long-term asset. Revenue from servicing and management agreements is recognized as each performance period occurs. We account for shipping and handling costs as activities to fulfill the promise to transfer the goods; as such, these fees are recorded in revenue. The fees and costs of shipping and handling activities are accrued when the related performance obligation has been satisfied. Rail Products Group Our railcar manufacturing business recognizes revenue when the customer has submitted its certificate of acceptance and legal title of the railcar has passed to the customer. Certain contracts for the sales of railcars include price adjustments based on steel-price indices; this amount represents variable consideration for which we are unable to estimate the final consideration until the railcar is delivered. Within our maintenance services business, revenue is recognized over time as repair and maintenance projects are completed, using an input approach based on the costs incurred relative to the total estimated costs of performing the project. We recorded contract assets of $9.3 million and $5.2 million as of March 31, 2020 and December 31, 2019 , respectively, related to unbilled revenues recognized on repair and maintenance services that have been performed, but for which the entire project has not yet been completed, and the railcar has not yet been shipped to the customer. These contract assets are included within the Receivables, net of allowance line in our Consolidated Balance Sheets. All Other Our highway products business recognizes revenue when shipment has occurred and legal title of the product has passed to the customer. Unsatisfied Performance Obligations The following table includes estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially satisfied as of March 31, 2020 and the percentage of the outstanding performance obligations as of March 31, 2020 expected to be delivered during the remainder of 2020 : Unsatisfied performance obligations at March 31, 2020 Total Amount Percent expected to be delivered in 2020 (in millions) Rail Products Group: Products: External Customers $ 976.1 Leasing Group 581.7 $ 1,557.8 53 % Maintenance Services $ 20.0 92 % Railcar Leasing and Management Services Group $ 102.4 12 % The remainder of the unsatisfied performance obligations for the Rail Products Group is expected to be delivered through 2023 . Unsatisfied performance obligations for the Railcar Leasing and Management Services Group are related to servicing, maintenance, and management agreements and are expected to be performed through 2029. Lease Accounting Lessee We are the lessee of operating leases predominantly for railcars, as well as office buildings, manufacturing equipment, and office equipment. Our operating leases have remaining lease terms ranging from one year to forty years , some of which include options to extend for up to five years , and some of which include options to terminate within one year . As of March 31, 2020 , we had no finance leases in which we were the lessee. The following table summarizes the impact of our operating leases on our Consolidated Financial Statements (in millions, except lease term and discount rate): Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Consolidated Statement of Operations Operating lease expense $ 3.9 $ 5.2 Short-term lease expense $ 0.2 $ 1.4 March 31, 2020 December 31, 2019 Consolidated Balance Sheet Right-of-use assets (1) $ 42.6 $ 44.2 Lease liabilities (2) $ 43.4 $ 44.8 Weighted average remaining lease term 4.6 years 4.8 years Weighted average discount rate 4.1 % 4.1 % Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Consolidated Statement of Cash Flows Cash flows from operating activities $ 3.9 $ 5.2 Right-of-use assets recognized in exchange for new lease liabilities $ 2.1 $ — (1) Included in other assets in our Consolidated Balance Sheet (2) Included in other liabilities in our Consolidated Balance Sheet Future contractual minimum operating lease liabilities will mature as follows (in millions): Leasing Group Non-Leasing Group (1) Total Remaining nine months of 2020 $ 7.8 $ 3.0 $ 10.8 2021 8.5 3.0 11.5 2022 7.8 2.8 10.6 2023 5.9 2.5 8.4 2024 2.7 1.3 4.0 Thereafter 1.8 2.9 4.7 Total operating lease payments $ 34.5 $ 15.5 $ 50.0 Less: Present value adjustment (6.6 ) Total operating lease liabilities $ 43.4 (1) Excludes approximately $77.9 million of legally binding minimum operating lease liabilities for a lease that has been signed but has not yet commenced for the relocation of our corporate headquarters. See Note 10 for more information. Lessor Our Leasing Group enters into railcar operating leases with third parties with terms generally ranging between one year and ten years , although certain leases entered into in prior periods had lease terms of up to twenty years . The majority of our fleet operates on leases that earn fixed monthly lease payments. Generally, lease payments are due at the beginning of the applicable month. A portion of our fleet operates on per diem leases that earn usage-based variable lease payments. Some of our leases include options to extend the leases for up to five years , and a small percentage of our leases include options to terminate within one year with certain notice requirements and early termination penalties. Leases previously classified as sales-type leases included an option for the lessee to purchase the leased railcars with certain notice. During the three months ended March 31, 2020, the lessee exercised its option to purchase the leased railcars. As of March 31, 2020 , non-Leasing Group operating leases were not significant, and we had no sales-type leases and no direct finance leases. We manage risks associated with residual values of leased railcars by investing across a diverse portfolio of railcar types, staggering lease maturities within any given railcar type, avoiding concentration of railcar type and industry, and participating in active secondary markets. Additionally, our lease agreements contain normal wear and tear return condition provisions and high mileage thresholds designed to protect the value of our residual assets. Our lease agreements do not contain any material residual value guarantees or restrictive covenants. The following table summarizes the impact of our leases on our Consolidated Statement of Operations (in millions): Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Operating lease revenues $ 172.2 $ 179.2 Variable operating lease revenues $ 12.6 $ 10.8 Interest income on sales-type lease receivables $ 1.7 $ — Future contractual minimum revenues for operating leases will mature as follows (in millions): Remaining nine months of 2020 $ 446.5 2021 482.1 2022 376.3 2023 268.8 2024 183.7 Thereafter 330.8 Total $ 2,088.2 (1) Total contractual minimum rental revenues on operating leases relates to our wholly-owned and partially-owned subsidiaries and sub-lease rental revenues associated with the Leasing Group's operating lease obligations. Financial Instruments We consider all highly liquid debt instruments to be either cash and cash equivalents if purchased with a maturity of three months or less, or short-term marketable securities if purchased with a maturity of more than three months and less than one year . Financial instruments that potentially subject us to a concentration of credit risk are primarily cash investments including restricted cash and receivables. We place our cash investments in bank deposits and investment grade, short-term debt instruments and limit the amount of credit exposure to any one commercial issuer. The carrying values of cash, receivables, and accounts payable are considered to be representative of their respective fair values. Concentrations of credit risk with respect to receivables are limited due to control procedures that monitor the credit worthiness of customers, the large number of customers in our customer base, and their dispersion across different end markets and geographic areas. Receivables are generally evaluated at a portfolio level based on these characteristics. As receivables are generally unsecured, we maintain an allowance for credit losses using a forward-looking approach based on historical expected losses and consideration of current and expected future economic conditions. Historically, we have observed that the likelihood of loss increases when receivables have aged beyond 180 days. When a receivable is deemed uncollectible, the write-off is recorded as a reduction to allowance for credit losses. During the three months ended March 31, 2020 , we recognized approximately $1.2 million of credit loss expense related to our in-scope receivables, bringing the allowance for credit losses balance at March 31, 2020 to $6.7 million . This balance excludes the general reserve for operating lease receivables that is permitted under ASC 842. Property, Plant, and Equipment In early 2020, we finalized an assessment of the estimated useful lives and salvage value assumptions for the railcars in our lease fleet. Based upon analysis of historical fleet data, review of industry standards, and consideration of certain economic factors by railcar type, we determined that it was appropriate to revise the useful lives and salvage values of certain railcar types in our lease fleet. The net impact of these changes, which took effect January 1, 2020, resulted in a change in the weighted average useful life from approximately 34 years to approximately 37 years. This change was accounted for as a change in accounting estimate, which is required to be accounted for on a prospective basis. This change in estimate resulted in a decrease in depreciation expense and an increase in income from continuing operations of approximately $7.7 million , as well as an increase in net income of approximately $5.9 million for the three months ended March 31, 2020. Further, basic and diluted earnings per share increased $0.05 per share for the three months ended March 31, 2020, respectively. Goodwill As of March 31, 2020 and December 31, 2019 , the carrying amount of our goodwill totaled $208.8 million , which is primarily attributable to the Rail Products Group. Warranties We provide various express, limited product warranties that generally range from one year to five years depending on the product. The warranty costs are estimated using a two-step approach. First, an engineering estimate is made for the cost of all claims that have been asserted by customers. Second, based on historical claims experience, a cost is accrued for all products still within a warranty period for which no claims have been filed. We provide for the estimated cost of product warranties at the time revenue is recognized related to products covered by warranties and assess the adequacy of the resulting reserves on a quarterly basis. The changes in the accruals for warranties for the three months ended March 31, 2020 and 2019 are as follows: Three Months Ended 2020 2019 (in millions) Beginning balance $ 8.1 $ 7.4 Warranty costs incurred (0.9 ) (0.9 ) Warranty originations and revisions 0.6 0.7 Warranty expirations (0.1 ) (0.1 ) Ending balance $ 7.7 $ 7.1 Recent Accounting Pronouncements Adopted in 2020 ASU 2016-13 — In June 2016, the FASB issued ASU No. 2016-13, "Measurement of Credit Losses on Financial Instruments," which amends the impairment model by requiring entities to use a forward-looking approach based on expected losses rather than incurred losses to estimate credit losses on certain types of financial instruments, including trade receivables. This approach may result in the earlier recognition of allowances for losses. In November 2018, the FASB issued ASU No. 2018-19, "Codification Improvements to Topic 326, Financial Instruments—Credit Losses," which excludes operating lease receivables from the scope of ASU 2016-13. ASU 2016-13 is effective for public companies during interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. We adopted ASU 2016-13 effective January 1, 2020 using a cumulative-effect adjustment to the opening balance of retained earnings on January 1, 2020. Therefore, comparative financial information was not adjusted. We assessed our outstanding receivables by reportable segment and determined the expected loss rate using historical loss information and aging considerations, as well as the current and future economic conditions of our customer base and the end markets in which they operate. The Leasing Group's outstanding receivables primarily relate to their servicing and management agreements. The method for evaluating the Leasing Group's operating lease receivables remained unchanged by ASU 2016-13. The Rail Products Group's outstanding receivables primarily relate to amounts due on manufactured railcars, as well as completed repairs and maintenance projects. Upon adoption, we recorded an adjustment to opening retained earnings of approximately $0.7 million ( $0.5 million , net of tax). The ongoing application of ASU 2016-13 is not expected to materially impact our results of operations, financial position, or cash flows. ASU 2018-15 — In August 2018, the FASB issued ASU No. 2018-15, "Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract," which aligns the accounting for costs incurred to implement a cloud computing arrangement that is a service arrangement with the guidance on capitalizing costs associated with developing or obtaining internal-use software. ASU 2018-15 is effective for public companies during interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. We adopted ASU 2018-15 effective January 1, 2020 on a prospective basis. Beginning January 1, 2020, capitalized implementation costs are included within other assets in the Consolidated Balance Sheet and are depreciated within selling, general, and administrative expenses in the Consolidated Statement of Operations. The adoption did not have a significant impact on our Consolidated Financial Statements. ASU 2020-04 — In March 2020, the FASB issued ASU No. 2020-04, "Facilitation of the Effects of Reference Rate Reform on Financial Reporting," which provides temporary optional expedients to accounting guidance on contract modifications and hedge accounting to ease the potential financial reporting burdens as the market transitions from the London Interbank Offered Rate ("LIBOR") to alternative reference rates . ASU 2020-04 was effective upon issuance. ASU 2020-04 is in response to the July 2017 announcement by United Kingdom's Financial Conduct Authority, which regulates the LIBOR, that it will no longer persuade or require banks to submit rates for the calculation of LIBOR after 202 1. We currently have LIBOR-based contracts that extend beyond 2021 including derivative instruments, promissory notes for Trinity Rail Leasing 2017, LLC, a Delaware limited liability company and a limited purpose, indirect wholly-owned subsidiary of the Company owned through Trinity Industries Leasing Company (“TILC”), TILC's warehouse loan facility, and our revolving credit facility. The adoption did not have a significant impact on our Consolidated Financial Statements.

Derivative Instruments and Fair

Derivative Instruments and Fair Value Accounting	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Accounting	Note 2 . Derivative Instruments and Fair Value Accounting Derivative Instruments We use derivative instruments to mitigate the impact of changes in interest rates, both in anticipation of future debt issuances and to offset interest rate variability of certain floating rate debt issuances outstanding. We also may use derivative instruments to mitigate the impact of changes in natural gas and diesel fuel prices and changes in foreign currency exchange rates. Derivative instruments that are designated and qualify as cash flow hedges are accounted for by recording the effective portion of the gain or loss on the derivative instrument in accumulated other comprehensive loss ("AOCL") as a separate component of stockholders' equity and reclassified into earnings in the period during which the hedged transaction affects earnings. We continuously monitor our derivative positions and the credit ratings of our counterparties and do not anticipate losses due to non-performance. See Note 7 for a description of our debt instruments. Interest Rate Hedges Included in accompanying balance sheet Notional Amount Interest Rate (1) Asset/(Liability) AOCL – loss/(income) Noncontrolling Interest (in millions, except %) Expired hedges: 2018 secured railcar equipment notes $ 249.3 4.41 % $ — $ 1.0 $ — TRIP Holdings warehouse loan $ 788.5 3.60 % $ — $ 2.0 $ 2.7 TRIP Master Funding secured railcar equipment notes $ 34.8 2.62 % $ — $ 0.1 $ 0.1 2017 promissory notes - interest rate cap $ 169.3 3.00 % $ — $ (0.6 ) $ — Open hedge: 2017 promissory notes - interest rate swap $ 563.6 2.68 % $ (51.5 ) $ 51.1 $ — (1) Weighted average fixed interest rate, except for the interest rate cap on the 2017 promissory notes. Effect on interest expense-increase/(decrease) Three Months Ended Expected effect during next twelve months (1) 2020 2019 (in millions) Expired hedges: 2006 secured railcar equipment notes (2) $ (0.1 ) $ — $ — 2018 secured railcar equipment notes $ 0.1 $ 0.1 $ 0.2 TRIP Holdings warehouse loan $ 0.5 $ 0.5 $ 2.0 TRIP Master Funding secured railcar equipment notes $ 0.1 $ 0.1 $ 0.1 2017 promissory notes - interest rate cap $ — $ — $ (0.1 ) Open hedge: 2017 promissory notes - interest rate swap $ 1.7 $ 0.6 $ 6.8 (1) Based on the fair value of open hedges as of March 31, 2020 . (2) Upon settlement of the debt in March 2020, the remaining balance of $0.1 million in AOCL was recognized through interest expense. See Note 7 for additional information on the debt redemption. Other Derivatives Included in accompanying balance sheet at March 31, 2020 Effect on cost of revenues –increase/(decrease) Notional Amount Asset/(Liability) AOCL – loss/(income) Three Months Ended Expected effect during next twelve months (1) (in millions) Foreign currency hedge $ 35.0 $ (6.7 ) $ 7.6 $ (0.8 ) $ 7.6 (1) Based on the fair value of open hedges as of March 31, 2020 . Our exposure related to foreign currency and commodity transactions is currently hedged for up to a maximum of twelve months. The effect of commodity hedge transactions was immaterial to the Consolidated Financial Statements for all periods presented herein. Fair Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for that asset or liability in an orderly transaction between market participants on the measurement date. An entity is required to establish a fair value hierarchy that maximizes the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. The three levels of inputs that may be used to measure fair value are listed below. Level 1 — This level is defined as quoted prices in active markets for identical assets or liabilities. Our cash equivalents and restricted cash are instruments of the U.S. Treasury or highly-rated money market mutual funds. The assets measured as Level 1 in the fair value hierarchy are summarized below: Level 1 March 31, 2020 December 31, 2019 (in millions) Assets: Cash equivalents $ 104.4 $ 57.9 Restricted cash 96.3 111.4 Total assets $ 200.7 $ 169.3 Level 2 — This level is defined as observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Interest rate hedges are valued at exit prices obtained from each counterparty. Foreign currency hedges are valued at exit prices obtained from each counterparty, which are based on currency spot and forward rates and forward points. The assets and liabilities measured as Level 2 in the fair value hierarchy are summarized below: Level 2 March 31, 2020 December 31, 2019 (in millions) Assets: Foreign currency hedge (1) $ — $ 1.2 Total assets $ — $ 1.2 Liabilities: Interest rate hedge (2) $ 51.5 $ 28.0 Foreign currency hedge (2) 6.7 — Total liabilities $ 58.2 $ 28.0 (1) Included in other assets in our Consolidated Balance Sheets. (2) Included in accrued liabilities in our Consolidated Balance Sheets. Level 3 — This level is defined as unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. As of March 31, 2020 and December 31, 2019 , we have no assets measured as Level 3 in the fair value hierarchy, except as described in Note 10 to this Form 10-Q and Note 10 to the Consolidated Financial Statements included in our 2019 Annual Report on Form 10-K. See Note 7 for the estimated fair values of our debt instruments. The fair values of all other financial instruments are estimated to approximate carrying value.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Segment Information	Segment Information We report our operating results in three principal business segments: (1) the Railcar Leasing and Management Services Group, which owns and operates a fleet of railcars and provides third-party fleet leasing, management, and administrative services; (2) the Rail Products Group, which manufactures and sells railcars and related parts and components, and provides railcar maintenance and modification services; and (3) All Other, which includes our highway products business and legal, environmental, and maintenance costs associated with non-operating facilities. In connection with the implementation of our rail-focused strategy, in the first quarter of 2020, we realigned certain activities previously reported in the All Other segment to now be presented within the Rail Products Group. The prior period results have been recast to reflect these changes and present results on a comparable basis. Gains and losses from the sale of property, plant, and equipment are included in the operating profit of each respective segment. Our Chief Operating Decision Maker ("CODM") regularly reviews the operating results of our reportable segments in order to assess performance and allocate resources. Our CODM does not consider restructuring activities when evaluating segment operating results; therefore, restructuring activities are not allocated to segment profit or loss. Sales and related net profits ("deferred profit") from the Rail Products Group to the Leasing Group are recorded in the Rail Products Group and eliminated in consolidation and are reflected in "Eliminations — Lease Subsidiary" in the tables below. Sales between these groups are recorded at prices comparable to those charged to external customers, taking into consideration quantity, features, and production demand. Amortization of deferred profit on railcars sold to the Leasing Group is included in the operating profit of the Leasing Group, resulting in the recognition of depreciation expense based on our original manufacturing cost of the railcars. Sales of railcars from the lease fleet are included in the Leasing Group, with related gains and losses computed based on the net book value of the original manufacturing cost of the railcars. The financial information for these segments is shown in the tables below (in millions). We operate principally in North America. Three Months Ended March 31, 2020 Railcar Leasing and Management Services Group Rail Products Group All Other Corporate Eliminations — Lease Subsidiary Eliminations — Other Consolidated Total External Revenue $ 236.1 $ 317.2 $ 61.9 $ — $ — $ — $ 615.2 Intersegment Revenue 0.2 192.2 1.5 — (190.4 ) (3.5 ) — Total Revenues $ 236.3 $ 509.4 $ 63.4 $ — $ (190.4 ) $ (3.5 ) $ 615.2 Three Months Ended March 31, 2019 Railcar Leasing and Management Services Group Rail Products Group All Other Corporate Eliminations — Lease Subsidiary Eliminations — Other Consolidated Total External Revenue $ 200.2 $ 345.6 $ 59.0 $ — $ — $ — $ 604.8 Intersegment Revenue 0.2 282.3 3.1 — (270.1 ) (15.5 ) — Total Revenues $ 200.4 $ 627.9 $ 62.1 $ — $ (270.1 ) $ (15.5 ) $ 604.8 Three Months Ended March 31, 2020 2019 (in millions) Operating profit: Railcar Leasing and Management Services Group $ 92.9 $ 85.8 Rail Products Group 25.1 47.1 All Other 9.3 10.1 Segment Totals before Eliminations, Corporate Expenses, and Restructuring activities 127.3 143.0 Corporate (28.1 ) (23.6 ) Restructuring activities, net (5.5 ) — Eliminations – Lease Subsidiary (19.9 ) (27.2 ) Eliminations – Other (0.8 ) (0.4 ) Consolidated operating profit $ 73.0 $ 91.8 Other (income) expense 58.1 51.7 Provision (benefit) for income taxes (147.6 ) 8.9 Loss from discontinued operations, net of income taxes (0.2 ) (1.1 ) Net income $ 162.3 $ 30.1

Partially-Owned Leasing Subsidi

Partially-Owned Leasing Subsidiaries	3 Months Ended
	Mar. 31, 2020
Noncontrolling Interest [Abstract]
Partially-Owned Leasing Subsidiaries	Partially-Owned Leasing Subsidiaries Through our wholly-owned subsidiary, TILC, we formed two subsidiaries, TRIP Holdings and RIV 2013, for the purpose of providing railcar leasing services in North America for institutional investors. Each of TRIP Holdings and RIV 2013 are direct, partially-owned subsidiaries of TILC in which we have a controlling interest. Each is governed by a seven -member board of representatives, two of whom are designated by TILC. TILC is the agent of each of TRIP Holdings and RIV 2013 and, as such, has been delegated the authority, power, and discretion to take certain actions on behalf of the respective companies. At March 31, 2020 , the carrying value of our investment in TRIP Holdings and RIV 2013 totaled $187.2 million . Our weighted average ownership interest in TRIP Holdings and RIV 2013 is 38% while the remaining 62% weighted average interest is owned by third-party, investor-owned funds. The investment in our partially-owned leasing subsidiaries is eliminated in consolidation. Each of TRIP Holdings and RIV 2013 has wholly-owned subsidiaries that are the owners of railcars acquired from our Rail Products and Leasing Groups. These wholly-owned subsidiaries are TRIP Rail Master Funding LLC ("TRIP Master Funding", wholly-owned by TRIP Holdings) and Trinity Rail Leasing 2012 LLC ("TRL-2012", wholly-owned by RIV 2013). Railcar purchases by these subsidiaries were funded by secured borrowings and capital contributions from TILC and third-party equity investors. TILC is the contractual servicer for TRIP Master Funding and TRL-2012, with the authority to manage and service each entity's owned railcars. Our controlling interest in each of TRIP Holdings and RIV 2013 results from our combined role as both equity member and agent/servicer. The noncontrolling interest included in the accompanying Consolidated Balance Sheets represents the non-Trinity equity interest in these partially-owned subsidiaries. Trinity has no obligation to guarantee performance under any of our partially-owned subsidiaries' (or their respective subsidiaries') debt agreements, guarantee any railcar residual values, shield any parties from losses or guarantee minimum yields. The assets of each of TRIP Master Funding and TRL-2012 may only be used to satisfy the particular subsidiary's liabilities, and the creditors of each of TRIP Master Funding and TRL-2012 have recourse only to the particular subsidiary's assets. Each of TILC and the third-party equity investors receive distributions from TRIP Holdings and RIV 2013, when available, in proportion to its respective equity interests, and has an interest in the net assets of the partially-owned subsidiaries upon a liquidation event in the same proportion. TILC is paid fees for the services it provides to TRIP Master Funding and TRL-2012 and has the potential to earn certain incentive fees. TILC and the third-party equity investors have commitments to provide additional equity funding to TRIP Holdings that are scheduled to expire in May 2021 , contingent upon certain returns on investment in TRIP Holdings and other conditions being met. There are no remaining equity commitments with respect to RIV 2013. See Note 7 regarding the debt of TRIP Holdings and RIV 2013 and their respective subsidiaries.

Railcar Leasing and Management

Railcar Leasing and Management Services Group	3 Months Ended
	Mar. 31, 2020
Leases [Abstract]
Railcar Leasing and Management Services Group	Railcar Leasing and Management Services Group The Railcar Leasing and Management Services Group owns and operates a fleet of railcars as well as provides third-party fleet leasing, management, and administrative services. Selected consolidated financial information for the Leasing Group is as follows: March 31, 2020 Wholly- Partially-Owned Subsidiaries Total Leasing Group Eliminations — Lease Subsidiary (1) Adjusted Total Leasing Group (in millions) Cash and cash equivalents $ 7.3 $ — $ 7.3 $ — $ 7.3 Accounts receivable 75.7 9.3 85.0 — 85.0 Property, plant, and equipment, net 5,837.5 1,776.6 7,614.1 (899.7 ) 6,714.4 Restricted cash 69.0 27.3 96.3 — 96.3 Other assets 53.4 1.3 54.7 — 54.7 Total assets $ 6,042.9 $ 1,814.5 $ 7,857.4 $ (899.7 ) $ 6,957.7 Accounts payable and accrued liabilities $ 85.6 $ 42.4 $ 128.0 $ — $ 128.0 Debt, net 3,078.8 1,263.5 4,342.3 — 4,342.3 Deferred income taxes 912.4 1.1 913.5 (202.9 ) 710.6 Other liabilities 82.7 — 82.7 — 82.7 Total liabilities 4,159.5 1,307.0 5,466.5 (202.9 ) 5,263.6 Noncontrolling interest — 349.7 349.7 — 349.7 Total Equity $ 1,883.4 $ 157.8 $ 2,041.2 $ (696.8 ) $ 1,344.4 December 31, 2019 Wholly- Partially-Owned Subsidiaries Total Leasing Group Eliminations — Lease Subsidiary (1) Adjusted Total Leasing Group (in millions) Cash and cash equivalents $ 1.8 $ — $ 1.8 $ — $ 1.8 Accounts receivable 73.9 8.7 82.6 — 82.6 Property, plant, and equipment, net 5,818.9 1,786.7 7,605.6 (903.8 ) 6,701.8 Restricted cash 78.4 33.0 111.4 — 111.4 Other assets 209.8 1.4 211.2 — 211.2 Total assets $ 6,182.8 $ 1,829.8 $ 8,012.6 $ (903.8 ) $ 7,108.8 Accounts payable and accrued liabilities $ 72.7 $ 44.6 $ 117.3 $ — $ 117.3 Debt, net 3,080.7 1,278.4 4,359.1 — 4,359.1 Deferred income taxes 861.7 1.1 862.8 (184.8 ) 678.0 Other liabilities 60.7 — 60.7 — 60.7 Total liabilities 4,075.8 1,324.1 5,399.9 (184.8 ) 5,215.1 Noncontrolling interest — 348.8 348.8 — 348.8 Total Equity $ 2,107.0 $ 156.9 $ 2,263.9 $ (719.0 ) $ 1,544.9 (1) Net deferred profit on railcars sold to the Leasing Group consists of intersegment profit that is eliminated in consolidation. Net deferred profit and the related deferred tax impact are included as adjustments to the property, plant, and equipment, net and deferred income taxes line items, respectively, in the Eliminations – Lease Subsidiary column above to reflect the net book value of the railcars purchased by the Leasing Group from the Rail Products Group based on manufacturing cost. See Note 4 and Note 7 for a further discussion regarding our investment in our partially-owned leasing subsidiaries and the related indebtedness. Three Months Ended March 31, 2020 2019 Percent ($ in millions) Change Revenues: Leasing and management $ 192.0 $ 187.1 2.6 % Sales of railcars owned one year or less at the time of sale 44.3 13.3 233.1 % Total revenues $ 236.3 $ 200.4 17.9 % Operating profit (1) : Leasing and management $ 82.5 $ 77.1 7.0 % Railcar sales: Railcars owned one year or less at the time of sale 1.7 0.8 112.5 % Railcars owned more than one year at the time of sale 8.7 7.9 10.1 % Total operating profit $ 92.9 $ 85.8 8.3 % Total operating profit margin 39.3 % 42.8 % Leasing and management operating profit margin 43.0 % 41.2 % Selected expense information: Depreciation (2) $ 53.6 $ 54.4 (1.5 )% Maintenance and compliance $ 25.9 $ 27.8 (6.8 )% Rent $ 3.0 $ 5.5 (45.5 )% Selling, engineering, and administrative expenses $ 14.3 $ 12.8 11.7 % Interest $ 55.1 $ 46.0 19.8 % (1) Operating profit includes: depreciation; maintenance and compliance; rent; and selling, engineering, and administrative expenses. Amortization of deferred profit on railcars sold from the Rail Products Group to the Leasing Group is included in the operating profit of the Leasing Group, resulting in the recognition of depreciation expense based on our original manufacturing cost of the railcars. Interest expense is not a component of operating profit and includes the effect of hedges. (2) Effective January 1, 2020, we revised the estimated useful lives and salvage values of certain railcar types in our lease fleet. This change in estimate resulted in a decrease in depreciation expense in the three months ended March 31, 2020 of approximately $7.7 million . This decrease was partially offset by higher depreciation associated with growth in the lease fleet. See Note 1 of the Consolidated Financial Statements for further information. During the three months ended March 31, 2020 and 2019 , information related to the sales of leased railcars is as follows: Three Months Ended March 31, 2020 2019 (in millions) Sales of leased railcars: Railcars owned one year or less at the time of sale $ 44.3 $ 13.3 Railcars owned more than one year at the time of sale 68.5 29.4 $ 112.8 $ 42.7 Operating profit on sales of leased railcars: Railcars owned one year or less at the time of sale $ 1.7 $ 0.8 Railcars owned more than one year at the time of sale 8.7 7.9 $ 10.4 $ 8.7 Operating profit margin on sales of leased railcars: Railcars owned one year or less at the time of sale 3.8 % 6.0 % Railcars owned more than one year at the time of sale 12.7 % 26.9 % Weighted average operating profit margin on sales of leased railcars 9.2 % 20.4 % Railcar Leasing Portfolio. The Leasing Group's Equipment consists primarily of railcars leased by third parties. The Leasing Group purchases equipment manufactured predominantly by the Rail Products Group and enters into lease contracts with third parties with terms generally ranging between one year and ten years , although certain leases entered into in prior periods had lease terms of up to twenty years . The Leasing Group primarily enters into operating leases. Future contractual minimum rental revenues on operating leases related to our wholly-owned and partially-owned subsidiaries are as follows: Remaining nine months of 2020 2021 2022 2023 2024 Thereafter Total (in millions) Future contractual minimum rental revenues $ 440.7 $ 475.9 $ 371.7 $ 266.6 $ 183.2 $ 330.5 $ 2,068.6 Debt. Wholly-owned subsidiaries. The Leasing Group’s debt at March 31, 2020 consisted primarily of non-recourse debt. As of March 31, 2020 , Trinity’s wholly-owned subsidiaries included in the Leasing Group held equipment with a net book value of $4,347.2 million , which is pledged solely as collateral for Leasing Group debt held by those subsidiaries. The net book value of unpledged equipment at March 31, 2020 was $1,471.2 million . See Note 7 for more information regarding the Leasing Group debt. Partially-owned subsidiaries. Debt owed by TRIP Holdings and RIV 2013 and their respective subsidiaries is nonrecourse to Trinity and TILC. Creditors of each of TRIP Holdings and RIV 2013 and their respective subsidiaries have recourse only to the particular subsidiary's assets. TRIP Master Funding equipment with a net book value of $1,238.5 million is pledged solely as collateral for the TRIP Master Funding debt. TRL-2012 equipment with a net book value of $538.1 million is pledged solely as collateral for the TRL-2012 secured railcar equipment notes. See Note 4 for a description of TRIP Holdings and RIV 2013. Operating Lease Obligations. Future amounts due as well as future contractual minimum rental revenues related to the Leasing Group's railcar operating lease obligations are as follows: Remaining nine months of 2020 2021 2022 2023 2024 Thereafter Total (in millions) Future operating lease obligations $ 7.5 $ 8.2 $ 7.5 $ 5.5 $ 2.3 $ 0.9 $ 31.9 Future contractual minimum rental revenues $ 5.8 $ 6.2 $ 4.6 $ 2.2 $ 0.5 $ 0.3 $ 19.6 Operating lease obligations totaling $2.8 million are guaranteed by Trinity Industries, Inc. and certain subsidiaries. The Leasing Group also has future amounts due for operating lease obligations related to office space of approximately $2.6 million

Property, Plant, and Equipment

Property, Plant, and Equipment	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant, and Equipment	Property, Plant, and Equipment The following table summarizes the components of property, plant, and equipment: March 31, 2020 December 31, 2019 (in millions) Manufacturing/Corporate: Land $ 28.6 $ 28.4 Buildings and improvements 400.9 402.2 Machinery and other 544.7 546.7 Construction in progress 71.3 63.1 1,045.5 1,040.4 Less accumulated depreciation (641.2 ) (631.6 ) 404.3 408.8 Leasing: Wholly-owned subsidiaries: Machinery and other 13.7 13.7 Equipment on lease 7,000.0 6,944.2 7,013.7 6,957.9 Less accumulated depreciation (1,176.2 ) (1,139.0 ) 5,837.5 5,818.9 Partially-owned subsidiaries: Equipment on lease 2,415.0 2,410.0 Less accumulated depreciation (638.4 ) (623.3 ) 1,776.6 1,786.7 Deferred profit on railcars sold to the Leasing Group (1,138.5 ) (1,135.8 ) Less accumulated amortization 238.8 232.0 (899.7 ) (903.8 ) $ 7,118.7 $ 7,110.6 In early 2020, we finalized an assessment of the estimated useful lives and salvage value assumptions for the railcars in our lease fleet. This resulted in a revision to the useful lives and salvage values of certain railcar types in our lease fleet. See Note 1 for further information.

Debt

Debt	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Debt	Debt The carrying amounts and estimated fair values of our long-term debt are as follows: March 31, 2020 December 31, 2019 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value (in millions) Corporate – Recourse: Revolving credit facility $ 130.0 $ 130.0 $ 125.0 $ 125.0 Senior notes, net of unamortized discount of $0.2 and $0.2 399.8 343.0 399.8 411.7 529.8 473.0 524.8 536.7 Less: unamortized debt issuance costs (1.9 ) (2.0 ) Total recourse debt 527.9 522.8 Leasing – Non-recourse: Wholly-owned subsidiaries: 2006 secured railcar equipment notes — — 109.3 114.0 2009 secured railcar equipment notes 146.2 174.7 147.8 168.7 2010 secured railcar equipment notes 246.2 233.9 248.5 264.3 2017 promissory notes 618.8 618.8 627.1 627.1 2018 secured railcar equipment notes, net of unamortized discount of $0.2 and $0.2 447.2 483.1 452.1 466.2 TRIHC 2018 secured railcar equipment notes, net of unamortized discount of $1.1 and $1.4 262.6 261.3 265.4 270.9 2019 secured railcar equipment notes, net of unamortized discount of $0.4 and $0.4 892.0 854.8 901.0 904.9 TILC warehouse facility 488.0 488.0 353.4 353.4 3,101.0 3,114.6 3,104.6 3,169.5 Less: unamortized debt issuance costs (22.2 ) (23.9 ) 3,078.8 3,080.7 Partially-owned subsidiaries: TRL 2012 secured railcar equipment notes 364.0 362.0 371.4 374.4 TRIP Master Funding secured railcar equipment notes 909.9 884.9 917.9 984.0 1,273.9 1,246.9 1,289.3 1,358.4 Less: unamortized debt issuance costs (10.4 ) (10.9 ) 1,263.5 1,278.4 Total non–recourse debt 4,342.3 4,359.1 Total debt $ 4,870.2 $ 4,834.5 $ 4,881.9 $ 5,064.6 The estimated fair value of our 4.55% senior notes due 2024 ("Senior Notes") is based on a quoted market price in a market with little activity as of March 31, 2020 and December 31, 2019 (Level 2 input). The estimated fair values of our 2006, 2009, 2010, 2012, 2018, and 2019 secured railcar equipment notes, TRIHC 2018 LLC ("TRIHC 2018"), and TRIP Master Funding secured railcar equipment notes are based on our estimate of their fair value as of March 31, 2020 and December 31, 2019 using unobservable input values provided by a third party (Level 3 inputs). The respective carrying values of our revolving credit facility, TILC warehouse facility, and 2017 promissory notes approximate fair value because the interest rate adjusts to the market interest rate. Revolving Credit Facility — We have a $450.0 million unsecured corporate revolving credit facility that matures in November 2023. Additionally, we are permitted to increase the amount of the commitments under the revolving credit facility by an aggregate amount not to exceed $200.0 million , subject to certain conditions, including the agreement of existing lenders to increase their commitments or by obtaining commitments from one or more new lenders. During the three months ended March 31, 2020 , we had total borrowings of $180.0 million and total repayments of $175.0 million under the revolving credit facility, with a remaining outstanding balance of $130.0 million as of March 31, 2020 . Additionally, we had outstanding letters of credit issued in an aggregate principal amount of $35.5 million , leaving $284.5 million available for borrowing as of March 31, 2020 . The outstanding letters of credit as of March 31, 2020 are scheduled to expire in July 2020. Our letters of credit obligations support our various insurance programs and generally renew by their terms each year. The revolving credit facility bears interest at a variable rate based on (1) LIBOR or an alternate base rate at the time of the borrowing and (2) Trinity’s leverage as measured by a consolidated total indebtedness to consolidated EBITDA ratio, which resulted in an interest rate of LIBOR plus 1.50% as of March 31, 2020 . A commitment fee accrues on the average daily unused portion of the revolving facility at the rate of 0.175% to 0.30% ( 0.20% as of March 31, 2020 ). The revolving credit facility requires the maintenance of ratios related to minimum interest coverage for the leasing and manufacturing operations and maximum leverage. As of March 31, 2020 , we were in compliance with all such financial covenants. Borrowings under the credit facility are guaranteed by certain of our 100%-owned subsidiaries. TILC Warehouse Loan Facility — TILC has a $750.0 million warehouse loan facility, which was established to finance railcars owned by TILC. During the three months ended March 31, 2020 , we had total borrowings of $168.6 million and total repayments of $34.0 million under the TILC warehouse loan facility, with a remaining outstanding balance of $488.0 million as of March 31, 2020 . The entire unused facility amount of $262.0 million was available as of March 31, 2020 based on the amount of warehouse-eligible, unpledged equipment. The warehouse loan facility is a non-recourse obligation and is secured by a portfolio of railcars and operating leases, certain cash reserves, and other assets acquired and owned by the warehouse loan facility trust. The principal and interest of this indebtedness are paid from the cash flows of the underlying leases. Advances under the facility bear interest at a defined index rate plus a margin, for an all-in interest rate of 3.04% at March 31, 2020 . Amounts outstanding at maturity, absent renewal, are payable in March 2022. Early Redemption of TRL V — In March 2020, Trinity Rail Leasing V, L.P., a limited partnership (“TRL V”) and a limited purpose, indirect wholly-owned subsidiary of the Company owned through TILC, redeemed its 2006 Secured Railcar Equipment Notes due May 2036, of which $104.7 million was outstanding at the redemption date. The fixed interest rate for these notes was at 5.90% per annum. In connection with the early redemption, we recognized a loss on extinguishment of debt of $5.0 million , which included a $4.7 million early redemption premium and $0.3 million in unamortized debt issuance costs. The loss on extinguishment of debt is included in interest expense in our Consolidated Statement of Operations. Terms and conditions of other debt, including recourse and non-recourse provisions, are described in Note 8 of our 2019 Annual Report on Form 10-K. The remaining principal payments under existing debt agreements as of March 31, 2020 are as follows: Remaining nine months of 2020 2021 2022 2023 2024 Thereafter Total (in millions) Recourse: Corporate $ — $ — $ — $ 130.0 $ 400.0 $ — $ 530.0 Non-recourse – leasing (Note 5): 2009 secured railcar equipment notes 5.0 13.4 14.0 11.7 14.5 87.6 146.2 2010 secured railcar equipment notes 12.2 20.0 20.9 22.4 18.5 152.2 246.2 2017 promissory notes 24.9 33.1 33.1 33.2 33.2 461.3 618.8 2018 secured railcar equipment notes 15.0 20.0 20.0 20.0 20.0 352.4 447.4 TRIHC 2018 secured railcar equipment notes 7.5 11.8 9.3 11.7 14.7 208.7 263.7 2019 secured railcar equipment notes 27.2 38.0 37.0 35.1 36.8 718.3 892.4 TILC warehouse facility 11.4 15.2 2.6 — — — 29.2 Facility termination payments – TILC warehouse facility — — 458.8 — — — 458.8 TRL 2012 secured railcar equipment notes 14.5 19.9 19.6 22.5 28.9 258.6 364.0 TRIP Master Funding secured railcar equipment notes 25.0 40.4 41.8 37.0 191.6 574.1 909.9 Total principal payments $ 142.7 $ 211.8 $ 657.1 $ 323.6 $ 758.2 $ 2,813.2 $ 4,906.6

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act") was enacted. The CARES Act is a stimulus package that is a part of a series of bills meant to address the economic uncertainties associated with COVID-19. Due to the enactment of the CARES Act, Trinity plans to carry back the tax losses incurred in 2018 and 2019, as well as the anticipated tax losses that will be generated in 2020, to its 2013-2015 tax years. The income taxes to be recovered as a result of these anticipated carrybacks were paid at a federal rate of 35.0% , rather than the current rate of 21.0% in effect beginning with the 2018 tax year. The net deferred tax liability and the federal income tax receivable were remeasured to account for amounts that will be carried back, resulting in a tax benefit of $154.7 million for the three months ended March 31, 2020 . The effective tax rate for the three months ended March 31, 2020 was a benefit of 990.6% , primarily due to the CARES Act. Our effective tax rates, without the CARES Act impact above, were 47.7% and 22.2% for the three months ended March 31, 2020 and 2019 , respectively. Our effective tax rates differ from the U.S. statutory rate of 21.0% due to the impacts of state income taxes, the incremental tax on profits of branches taxed in both U.S. and foreign jurisdictions, tax return true-ups, and non-deductible executive compensation. Income tax payments, net of refunds received, during the three months ended March 31, 2020 totaled $2.3 million . The total income tax receivable position as of March 31, 2020 was $389.1 million , of which approximately $303 million relates to the 2018 and 2019 expected carryback claims. Our federal tax years remain open under statute from 2014 forward. The 2014-2018 tax years have been reviewed by the Internal Revenue Service but remain open due to tax loss carryback claims we have filed. We have received a notice from the IRS that the returns have been accepted and our refund claim from the carryback is being processed. We have state tax returns that are under audit in the normal course of business, and our Mexican subsidiaries' tax return statutes remain open from 2014 forward. We believe we are appropriately reserved for any potential matters.

Employee Retirement Plans

Employee Retirement Plans	3 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Employee Retirement Plans	Employee Retirement Plans The following table summarizes the components of our net retirement cost: Three Months Ended 2020 2019 (in millions) Expense Components Service cost $ — $ — Interest 3.7 4.9 Expected return on plan assets (5.2 ) (5.7 ) Amortization of actuarial loss 1.5 1.1 Amortization of prior service cost 0.3 — Net periodic benefit cost 0.3 0.3 Profit sharing 2.7 2.2 Net expense $ 3.0 $ 2.5 We contributed $0.3 million and $0.2 million to our defined benefit pension plans for the three months ended March 31, 2020 and 2019 , respectively. Total contributions for our defined benefit pension plans in 2020 are expected to be approximately $1.1 million . The non-service cost components of net periodic benefit cost in the table above are included in other, net (income) expense in our Consolidated Statements of Operations. Planned Pension Plan Termination On September 4, 2019, our Board of Directors approved the termination of the Trinity Industries, Inc. Consolidated Pension Plan (the "Pension Plan"), effective December 31, 2019. Except for retirees currently receiving payments under the Pension Plan, participants will have the choice of receiving a single lump sum payment or an annuity from a highly-rated insurance company that will pay and administer future benefit payments. The Pension Plan is expected to be settled between late 2020 and early 2021, subject to required governmental approvals, and would then result in the Company no longer having any remaining funded pension plan obligations. Upon settlement, we expect to recognize pre-tax pension settlement charges totaling between $155 million and $185 million . The settlement charges will be recognized in our Statement of Operations in two phases, with the first charge to be recognized when payments are made to those participants electing to receive a lump sum distribution, and the second charge to be recognized when the annuity contracts are purchased to settle all remaining outstanding pension obligations. The range of settlement charges includes: (1) a non-cash charge for the recognition of all pre-tax actuarial losses accumulated in AOCL related to the Pension Plan, which totaled approximately $170.1 million ( $131.2 million , net of tax) as of December 31, 2019; and (2) a potential additional cash contribution to settle all of the Pension Plan’s obligations, which is not expected to exceed $15 million . The actual amount of the settlement charges and any potential cash contribution will depend on interest rates, Pension Plan asset returns, the lump-sum election rate, and other factors.

Restructuring Activities (Notes

Restructuring Activities (Notes)	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	In late 2019, we approved a restructuring plan to resize certain resources, reduce stranded costs resulting from the spin-off of Arcosa, Inc., and better align support services with our rail-focused strategy. In the first quarter of 2020, we continued our efforts and eliminated additional positions across multiple functions, including certain corporate and operational support functions primarily at our Dallas headquarters. Additionally, we executed a lease agreement on a new headquarters facility to better suit our new organizational structure, which prompted the need to perform a recoverability test to evaluate for impairment. This test indicated that the carrying value of our corporate headquarters campus was not recoverable.The fair value of our corporate headquarters campus was measured based on a third-party valuation estimate using Level 2 and Level 3 inputs in the fair value hierarchy and resulted in a non-cash impairment charge of $5.2 million . During the three months ended March 31, 2020 , we recorded total restructuring charges of $5.5 million , consisting of $5.2 million of non-cash charges from the write-down of our corporate headquarters campus described above and $4.1 million in cash charges for severance costs, partially offset by a $3.8 million gain on the disposition of a non-operating facility. Other restructuring actions associated with these plans are expected to be substantially completed in 2020. As we continue to reposition the organization, it is possible that we will engage in additional restructuring activities in 2020. The following table sets forth the restructuring activity and balance of the restructuring liability, which is included in other liabilities in our Consolidated Balance Sheet: Accrued charges as of December 31, 2019 Charges and adjustments Payments Accrued charges as of March 31, 2020 (in millions) Cash charges: Employee severance costs $ 3.4 $ 4.1 $ (6.5 ) $ 1.0 $ 3.4 $ 4.1 $ (6.5 ) $ 1.0 Asset impairment charges: Write-down of assets $ 5.2 Gain on disposition of assets (3.8 ) $ 1.4 Total restructuring activities $ 5.5 Although restructuring activities are not allocated to our reportable segments, the following table summarizes the restructuring activities by reportable segment: Three Months Ended March 31, 2020 Employee Severance Costs Gain on Disposition of Assets Write-down of Assets Total (in millions) Railcar Leasing and Management Services Group $ — $ — $ — $ — Rail Products Group 2.6 — — 2.6 All Other 0.1 (3.8 ) — (3.7 ) Corporate 1.4 — 5.2 6.6 Total restructuring activities $ 4.1 $ (3.8 ) $ 5.2 $ 5.5

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Changes in AOCL for the three months ended March 31, 2020 are as follows: Currency translation adjustments Unrealized gain/(loss) on derivative financial instruments Net actuarial gains/(losses) of defined benefit plans Accumulated Other Comprehensive Loss (in millions) Balances at December 31, 2019 $ (1.3 ) $ (17.9 ) $ (133.9 ) $ (153.1 ) Other comprehensive loss, net of tax, before reclassifications — (25.6 ) — (25.6 ) Amounts reclassified from accumulated other comprehensive loss, net of tax benefit of $-, $0.5, $0.4, and $0.9 — 1.0 1.4 2.4 Less: noncontrolling interest — (0.3 ) — (0.3 ) Other comprehensive income (loss) — (24.9 ) 1.4 (23.5 ) Balances at March 31, 2020 $ (1.3 ) $ (42.8 ) $ (132.5 ) $ (176.6 ) See Note 2 for information on the reclassification of amounts in AOCL into earnings. Reclassifications of unrealized before-tax gains and losses on derivative financial instruments are included in interest expense for our interest rate hedges and in cost of revenues for our foreign currency hedges in our Consolidated Statements of Operations. Reclassifications of before-tax net actuarial gains/(losses) of defined benefit plans are included in other, net (income) expense in our Consolidated Statements of Operations.

Common Stock and Stock-Based Co

Common Stock and Stock-Based Compensation	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 12 . Common Stock and Stock-Based Compensation Stockholders' Equity In March 2019 , our Board of Directors authorized a share repurchase program effective March 7, 2019 through December 31, 2020 . The share repurchase program authorizes the Company to repurchase up to $350.0 million of its common stock, not to exceed 13.7 million shares. On April 24, 2020, as a result of current market conditions, the Board of Directors amended the repurchase program to remove the share limitation. Share repurchase activity under the current program is as follows: Shares Repurchased Remaining Authorization to Repurchase Period Number of shares Cost (in millions) Cost (in millions) March 7, 2019 Authorization $ 350.0 March 7, 2019 through March 31, 2019 866,715 $ 19.0 $ 331.0 April 1, 2019 through June 30, 2019 2,133,116 44.0 $ 287.0 July 1, 2019 through September 30, 2019 5,171,489 100.9 $ 186.1 October 1, 2019 through December 31, 2019 2,933,474 60.8 $ 125.3 January 1, 2020 through March 31, 2020 1,850,000 35.4 $ 89.9 Total 12,954,794 $ 260.1 Additionally, for the three months ended March 31, 2019 , repurchases include 2.6 million shares at a cost of approximately $70.0 million representing the final settlement of an accelerated share repurchase program, which was funded in November 2018 but a portion of which remained outstanding as of December 31, 2018. Stock-Based Compensation Stock-based compensation totaled approximately $7.3 million and $5.5 million for the three months ended March 31, 2020 and 2019, respectively. The Company's annual grant of share-based awards generally occurs in the second quarter under our 2004 Fourth Amended and Restated Stock Option and Incentive Plan (the "Plan”). Our stock options have contractual terms of ten years . Expense related to stock options issued to eligible employees under the Plan is recognized over their vesting period on a straight-line basis, generally three years . Expense related to restricted stock units ("RSUs") issued to eligible employees under the Plan is recognized ratably over the vesting period, generally between three years and four years . Expense related to performance units is recognized ratably from their award date to the end of the performance period, generally three years . Expense related to restricted stock awards ("RSAs") and RSUs granted to non-employee directors under the Plan is recognized ratably over the vesting period, generally one year . The following table summarizes stock-based compensation awards granted during the three months ended March 31, 2020 : Number of Shares Granted Weighted Average Grant-Date Fair Value per Award Stock options 300,000 $ 5.26 Restricted stock units 119,012 $ 21.26 The fair value of the stock options granted was estimated at the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions: Three Months Ended March 31, 2020 Exercise price $ 21.61 Risk-free interest rate 1.48 % Expected life (in years) 6.50 Equity volatility 35.0 % Dividend yield 3.42 %

Earnings Per Common Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Common Share	Earnings Per Common Share Basic net income attributable to Trinity Industries, Inc. per common share ("EPS") is computed by dividing net income attributable to Trinity remaining after allocation to unvested restricted shares by the weighted average number of basic common shares outstanding for the period. Except when the effect would be antidilutive, the calculation of diluted EPS includes the net impact of unvested RSAs and RSUs. Total weighted average restricted shares were 5.5 million shares for the three months ended March 31, 2020 . Approximately 0.1 million restricted shares and 0.1 million stock options were excluded from the EPS calculation for the three months ended March 31, 2020 , as their effect would have been antidilutive. Total weighted average restricted shares were 5.4 million shares for the three months ended March 31, 2019 . Approximately 0.3 million of these shares were excluded from the EPS calculation for the three months ended March 31, 2019 , as their effect would have been antidilutive. The computation of basic and diluted net income attributable to Trinity Industries, Inc. is as follows. Three Months Ended March 31, 2020 2019 (in millions, except per share amounts) Income from continuing operations $ 162.5 $ 31.2 Less: Net (income) loss attributable to noncontrolling interest (0.6 ) 0.5 Unvested restricted share participation — continuing operations (1.9 ) (0.5 ) Net income from continuing operations attributable to Trinity Industries, Inc. 160.0 31.2 Net loss from discontinued operations, net of income taxes (0.2 ) (1.1 ) Unvested restricted share participation — discontinued operations — — Net loss from discontinued operations attributable to Trinity Industries, Inc. (0.2 ) (1.1 ) Net income attributable to Trinity Industries, Inc., including the effect of unvested restricted share participation $ 159.8 $ 30.1 Basic weighted average shares outstanding 118.0 130.4 Effect of dilutive securities: Nonparticipating unvested RSUs and RSAs 1.9 1.8 Diluted weighted average shares outstanding 119.9 132.2 Basic earnings per common share: Income from continuing operations $ 1.36 $ 0.24 Income (loss) from discontinued operations — (0.01 ) Basic net income attributable to Trinity Industries, Inc. $ 1.36 $ 0.23 Diluted earnings per common share: Income from continuing operations $ 1.33 $ 0.24 Income (loss) from discontinued operations — (0.01 ) Diluted net income attributable to Trinity Industries, Inc. $ 1.33 $ 0.23

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Highway products litigation We previously reported the filing of a False Claims Act (“FCA”) complaint in the United States District Court for the Eastern District of Texas, Marshall Division (“District Court”) styled Joshua Harman, on behalf of the United States of America, Plaintiff/Relator v. Trinity Industries, Inc., Defendant , Case No. 2:12-cv-00089-JRG (E.D. Tex.). In this case, in which the U.S. Government declined to intervene, the relator, Mr. Joshua Harman, alleged the Company violated the FCA pertaining to sales of the Company's ET-Plus® System, a highway guardrail end-terminal system (“ET Plus”). On October 20, 2014, a trial in this case concluded with a jury verdict stating that the Company and its subsidiary, Trinity Highway Products, LLC (“Trinity Highway Products”), “knowingly made, used or caused to be made or used, a false record or statement material to a false or fraudulent claim," and the District Court entered judgment on the verdict in the total amount of $682.4 million . On September 29, 2017, the United States Court of Appeals for the Fifth Circuit ("Fifth Circuit") reversed the District Court’s $682.4 million judgment and rendered judgment as a matter of law in favor of the Company and Trinity Highway Products. On January 7, 2019, the United States Supreme Court denied Mr. Harman's petition for certiorari seeking review of the Fifth Circuit's decision. The denial of Mr. Harman's petition ended this action. State, county, and municipal actions Mr. Harman also has separate state qui tam actions currently pending pursuant to: the Virginia Fraud Against Taxpayers Act ( Commonwealth of Virginia ex rel. Joshua M. Harman v. Trinity Industries, Inc. and Trinity Highway Products, LLC , Case No. CL13-698, in the Circuit Court, Richmond, Virginia); the Massachusetts False Claims Act ( Commonwealth of Massachusetts ex rel. Joshua M. Harman Qui Tam v. Trinity Industries, Inc. and Trinity Highway Products, LLC , Case No. 1484-CV-02364, in the Superior Court Department of the Trial Court); the New Jersey False Claims Act ( State of New Jersey ex rel. Joshua M. Harman v. Trinity Industries, Inc. and Trinity Highway Products, LLC , Case No.L-1344-14, in the Superior Court of New Jersey Law Division: Mercer County); and the California False Claims Act ( State of California ex rel. Joshua M. Harman Qui Tam v. Trinity Industries, Inc. and Trinity Highway Products, LLC , Case No. RG 14721864, in the Superior Court of California, Alameda County). In each of these cases, Mr. Harman alleged the Company violated the respective states' false claims act pertaining to sales of the ET Plus, and he is seeking damages, civil penalties, attorneys’ fees, costs and interest. Also, the respective states’ Attorneys General filed Notices of Election to Decline Intervention in all of these matters, with the exception of the Commonwealth of Virginia Attorney General, who intervened in the Virginia matter. Following the United States Supreme Court’s denial of Mr. Harman’s petition for certiorari, the stays have expired or been lifted by court order in all of the above-referenced state qui tam cases except Virginia. In a similar Tennessee state qui tam action filed by Mr. Harman ( State of Tennessee ex rel. Joshua M. Harman v. Trinity Industries, Inc., and Trinity Highway Products, LLC , Case No. 14C2652, in the Circuit Court for Davidson County, Tennessee), at a telephonic hearing on March 16, 2020, the Court orally granted Trinity’s Motion to Dismiss Harman’s Amended Complaint without prejudice. As previously reported, state qui tam actions filed by Mr. Harman in the states of Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Minnesota, Montana, Nevada, and Rhode Island were dismissed. The Company believes these state qui tam lawsuits are without merit and intends to vigorously defend all allegations. Other states could take similar or different actions, and could be considering similar state false claims or other litigation against the Company. The Company has been served in a lawsuit filed November 5, 2015, titled Jackson County, Missouri, individually and on behalf of a class of others similarly situated vs. Trinity Industries, Inc. and Trinity Highway Products, LLC , Case No. 1516-CV23684 (Circuit Court of Jackson County, Missouri). The case is being brought by plaintiff for and on behalf of itself and all Missouri counties with a population of 10,000 or more persons, including the City of St. Louis, and the State of Missouri’s transportation authority. The plaintiff alleges that the Company and Trinity Highway Products did not disclose design changes to the ET Plus and these allegedly undisclosed design changes made the ET Plus allegedly defective, unsafe, and unreasonably dangerous. The plaintiff alleges product liability negligence, product liability strict liability, and negligently supplying dangerous instrumentality for supplier’s business purposes. The plaintiff seeks compensatory damages, interest, attorneys' fees and costs, and in the alternative plaintiff seeks a declaratory judgment that the ET Plus is defective, the Company’s conduct was unlawful, and class-wide costs and expenses associated with removing and replacing the ET Plus throughout Missouri. On December 6, 2017, the Court granted plaintiff's Motion for Class Certification, certifying a class of Missouri counties with populations of 10,000 or more persons, including the City of St. Louis and the State of Missouri's transportation authority that have or had ET Plus guardrail end terminals with 4-inch wide guide channels installed on roadways they own or maintain. A trial date has been scheduled in this case for October 26, 2020. The Company believes this lawsuit is without merit and intends to vigorously defend all allegations. While the financial impacts of these state, county, and municipal actions are currently unknown, they could be material. Based on information currently available to the Company and previously disclosed, we currently do not believe that a loss is probable in any one or more of the actions described under "State, county, and municipal actions," therefore no accrual has been included in the accompanying Consolidated Financial Statements. Because of the complexity of these actions as well as the current status of certain of these actions, we are not able to estimate a range of possible losses with respect to any one or more of these actions. Product liability cases The Company is currently defending product liability lawsuits in several different states that are alleged to involve the ET Plus as well as other products manufactured by Trinity Highway Products. These cases are diverse in light of the randomness of collisions in general and the fact that each accident involving a roadside device, such as an end terminal, or any other fixed object along the highway, has its own unique facts and circumstances. The Company carries general liability insurance to mitigate the impact of adverse judgment exposures in these product liability cases. To the extent that the Company believes that a loss is probable with respect to these product liability cases, the accrual for such losses is included in the amounts described below under "Other matters". Shareholder class actions On January 11, 2016, the previously reported cases styled Thomas Nemky, Individually and On Behalf of All Other Similarly Situated v. Trinity Industries, Inc., Timothy R. Wallace, and James E. Perry , Case No. (2:15-CV-00732) (“Nemky”) and Richard J. Isolde, Individually and On Behalf of All Other Similarly Situated v. Trinity Industries, Inc., Timothy R. Wallace, and James E. Perry, Case No. (3:15-CV-2093) ("Isolde"), were consolidated in the District Court for the Northern District of Texas, with all future filings to be filed in the Isolde case. On May 11, 2016, the Lead Plaintiffs filed their Consolidated Complaint alleging defendants Trinity Industries, Inc., Timothy R. Wallace, James E. Perry, and Gregory B. Mitchell violated Section 10(b) of the Securities Exchange Act of 1934, Rule 10b-5 promulgated thereunder, and defendants Mr. Wallace and Mr. Perry violated Section 20(a) of the Securities Exchange Act of 1934 by making materially false and misleading statements and/or by failing to disclose material facts about Trinity's ET Plus and the FCA case styled Joshua Harman, on behalf of the United States of America, Plaintiff/Relator v. Trinity Industries, Inc., Defendant , Case No. 2:12-cv-00089-JRG (E.D. Tex.). The parties reached an agreement to settle all claims in this case without any admission of liability or fault for $7.5 million , and on September 23, 2019, entered into a Stipulation of Settlement. Defendants have denied and continue to deny specifically each and all of the claims and contentions alleged by Lead Plaintiffs in this case. The settlement was subject to final court approval. On September 24, 2019, Lead Plaintiffs filed with the Court an Unopposed Motion for Preliminary Approval of Settlement and Approval of Notice to the Class. On November 12, 2019, the Court entered an Order Preliminarily Approving Settlement and Providing for Notice, and on March 31, 2020, the Court granted final approval of the settlement and dismissed the case with prejudice. Other matters The Company is involved in claims and lawsuits incidental to our business arising from various matters, including product warranty, personal injury, environmental issues, workplace laws, and various governmental regulations. The Company evaluates its exposure to such claims and suits periodically and establishes accruals for these contingencies when a range of loss can be reasonably estimated. The range of reasonably possible losses for such matters is $19.3 million to $32.5 million , which includes our rights in indemnity and recourse to third parties of approximately $16.5 million , which is recorded in other assets on our Consolidated Balance Sheet as of March 31, 2020 . This range includes any amounts related to the Highway Products litigation matters described above in the section titled “Highway products litigation." At March 31, 2020 , total accruals of $21.0 million , including environmental and workplace matters described below, are included in accrued liabilities in the accompanying Consolidated Balance Sheets. The Company believes any additional liability would not be material to its financial position or results of operations. Trinity is subject to remedial orders and federal, state, local, and foreign laws and regulations relating to the environment and the workplace. The Company has reserved $1.3 million to cover our probable and estimable liabilities with respect to the investigations, assessments, and remedial responses to such matters, taking into account currently available information and our contractual rights to indemnification and recourse to third parties. However, estimates of liability arising from future proceedings, assessments, or remediation are inherently imprecise. Accordingly, there can be no assurance that we will not become involved in future litigation or other proceedings involving the environment and the workplace or, if we are found to be responsible or liable in any such litigation or proceeding, that such costs would not be material to the Company. We believe that we are currently in substantial compliance with environmental and workplace laws and regulations.

Financial Statements for Guaran

Financial Statements for Guarantors of the Senior Notes	3 Months Ended
	Mar. 31, 2020
Financial Statements for Guarantors of the Senior Notes [Abstract]
Financial Statements for Guarantors of the Senior Notes	Financial Statements for Guarantors of the Senior Notes Our Senior Notes are fully and unconditionally and jointly and severally guaranteed by certain of Trinity’s 100%-owned subsidiaries: Trinity Industries Leasing Company; Trinity North American Freight Car, Inc.; Trinity Rail Group, LLC; Trinity Tank Car, Inc.; Trinity Highway Products, LLC; and TrinityRail Maintenance Services, Inc. (collectively, the "Combined Guarantor Subsidiaries”). The Senior Notes indenture agreement includes customary provisions for the release of the guarantees by the Combined Guarantor Subsidiaries upon the occurrence of certain allowed events including the release of one or more of the Combined Guarantor Subsidiaries as guarantor under our revolving credit facility. See Note 8 of our 2019 Annual Report on Form 10-K. The Senior Notes are not guaranteed by any of our remaining 100%-owned subsidiaries or partially-owned subsidiaries (“Combined Non-Guarantor Subsidiaries”). As of March 31, 2020 , assets held by the Combined Non-Guarantor Subsidiaries included $ 76.9 million of restricted cash that was not available for distribution to Trinity Industries, Inc. (“Parent”), $ 6,241.9 million of equipment securing certain non-recourse debt, and $ 136.2 million of assets located in foreign locations. As of December 31, 2019 , assets held by the Combined Non-Guarantor Subsidiaries included $ 86.1 million of restricted cash that was not available for distribution to the Parent, $ 6,409.8 million of equipment securing certain non-recourse debt, and $ 136.0 million of assets located in foreign locations. Condensed Consolidating Statement of Operations and Comprehensive Income Three Months Ended March 31, 2020 Parent Combined Combined Eliminations Consolidated (in millions) Revenues $ — $ 398.9 $ 264.2 $ (47.9 ) $ 615.2 Cost of revenues 1.5 330.8 206.7 (57.0 ) 482.0 Selling, engineering, and administrative expenses 24.1 24.5 15.7 — 64.3 Gains on dispositions of property 0.1 2.3 7.2 — 9.6 Restructuring activities, net 6.4 2.2 (3.1 ) — 5.5 31.9 355.2 212.1 (57.0 ) 542.2 Operating profit (loss) (31.9 ) 43.7 52.1 9.1 73.0 Other (income) expense 0.4 11.6 46.3 (0.2 ) 58.1 Equity in earnings of subsidiaries, net of taxes 54.9 8.5 4.8 (68.2 ) — Income from continuing operations before income taxes 22.6 40.6 10.6 (58.9 ) 14.9 Provision (benefit) for income taxes (139.3 ) (0.1 ) 1.2 (9.4 ) (147.6 ) Income from continuing operations 161.9 40.7 9.4 (49.5 ) 162.5 Loss from discontinued operations, net of income taxes (0.2 ) — — — (0.2 ) Net income 161.7 40.7 9.4 (49.5 ) 162.3 Net income attributable to noncontrolling interest — — — 0.6 0.6 Net income attributable to controlling interest $ 161.7 $ 40.7 $ 9.4 $ (50.1 ) $ 161.7 Net income $ 161.7 $ 40.7 $ 9.4 $ (49.5 ) $ 162.3 Other comprehensive income (loss) 1.4 — (24.6 ) — (23.2 ) Comprehensive income 163.1 40.7 (15.2 ) (49.5 ) 139.1 Comprehensive loss attributable to noncontrolling interest — — — 0.9 0.9 Comprehensive income attributable to controlling interest $ 163.1 $ 40.7 $ (15.2 ) $ (50.4 ) $ 138.2 Condensed Consolidating Statement of Operations and Comprehensive Income Three Months Ended March 31, 2019 Parent Combined Combined Eliminations Consolidated (in millions) Revenues $ — $ 409.5 $ 261.0 $ (65.7 ) $ 604.8 Cost of revenues 0.9 343.5 194.0 (75.0 ) 463.4 Selling, engineering, and administrative expenses 20.7 26.2 12.7 — 59.6 Gains on dispositions of property — 1.7 8.3 — 10.0 21.6 368.0 198.4 (75.0 ) 513.0 Operating profit (loss) (21.6 ) 41.5 62.6 9.3 91.8 Other (income) expense 4.7 1.5 45.5 — 51.7 Equity in earnings of subsidiaries, net of taxes 54.2 15.4 5.0 (74.6 ) — Income from continuing operations before income taxes 27.9 55.4 22.1 (65.3 ) 40.1 Provision (benefit) for income taxes (3.6 ) 12.7 1.2 (1.4 ) 8.9 Income from continuing operations 31.5 42.7 20.9 (63.9 ) 31.2 Loss from discontinued operations, net of income taxes (0.9 ) — (0.2 ) — (1.1 ) Net income 30.6 42.7 20.7 (63.9 ) 30.1 Net loss attributable to noncontrolling interest — — — (0.5 ) (0.5 ) Net income attributable to controlling interest $ 30.6 $ 42.7 $ 20.7 $ (63.4 ) $ 30.6 Net income $ 30.6 $ 42.7 $ 20.7 $ (63.9 ) $ 30.1 Other comprehensive income (loss) 0.8 — (4.6 ) — (3.8 ) Comprehensive income 31.4 42.7 16.1 (63.9 ) 26.3 Comprehensive loss attributable to noncontrolling interest — — — (0.2 ) (0.2 ) Comprehensive income attributable to controlling interest $ 31.4 $ 42.7 $ 16.1 $ (63.7 ) $ 26.5 Condensed Consolidating Balance Sheet March 31, 2020 Parent Combined Combined Eliminations Consolidated (in millions) Assets: Cash and cash equivalents $ 199.7 $ 5.6 $ 27.3 $ (19.4 ) $ 213.2 Receivables, net of allowance 0.7 211.2 85.9 — 297.8 Income tax receivable 389.0 — 0.1 — 389.1 Inventory — 405.2 36.8 — 442.0 Property, plant, and equipment, net 31.3 1,459.4 6,433.2 (805.2 ) 7,118.7 Investments in and advances to subsidiaries 4,611.6 3,202.2 318.3 (8,132.1 ) — Restricted cash — — 76.9 19.4 96.3 Goodwill and other assets 148.6 230.2 68.3 (1.3 ) 445.8 $ 5,380.9 $ 5,513.8 $ 7,046.8 $ (8,938.6 ) $ 9,002.9 Liabilities: Accounts payable $ 13.3 $ 116.7 $ 78.6 $ (0.1 ) $ 208.5 Accrued liabilities 160.5 29.6 159.6 (1.2 ) 348.5 Debt 527.9 — 4,342.3 — 4,870.2 Deferred income taxes 126.7 898.0 (8.7 ) 0.1 1,016.1 Advances from subsidiaries 2,033.5 — — (2,033.5 ) — Other liabilities 52.9 39.6 1.0 — 93.5 Total stockholders' equity 2,466.1 4,429.9 2,474.0 (6,903.9 ) 2,466.1 $ 5,380.9 $ 5,513.8 $ 7,046.8 $ (8,938.6 ) $ 9,002.9 Condensed Consolidating Balance Sheet December 31, 2019 Parent Combined Combined Eliminations Consolidated (in millions) Assets: Cash and cash equivalents $ 155.1 $ 0.1 $ 36.3 $ (25.3 ) $ 166.2 Receivables, net of allowance 1.3 185.7 74.0 (0.9 ) 260.1 Income tax receivable 14.6 — 0.1 — 14.7 Inventory — 398.8 34.7 (0.1 ) 433.4 Property, plant, and equipment, net 37.8 1,320.7 6,595.8 (843.7 ) 7,110.6 Investments in and advances to subsidiaries 4,600.0 3,136.2 347.0 (8,083.2 ) — Restricted cash — — 86.1 25.3 111.4 Goodwill and other assets 190.9 394.4 58.6 (38.9 ) 605.0 $ 4,999.7 $ 5,435.9 $ 7,232.6 $ (8,966.8 ) $ 8,701.4 Liabilities: Accounts payable $ 5.3 $ 109.1 $ 90.6 $ (1.1 ) $ 203.9 Accrued liabilities 166.7 23.2 152.9 (0.7 ) 342.1 Debt 522.8 — 4,359.1 — 4,881.9 Deferred income taxes — 844.6 (8.2 ) (38.1 ) 798.3 Advances from subsidiaries 1,871.8 — — (1,871.8 ) — Other liabilities 54.2 40.9 1.2 — 96.3 Total stockholders' equity 2,378.9 4,418.1 2,637.0 (7,055.1 ) 2,378.9 $ 4,999.7 $ 5,435.9 $ 7,232.6 $ (8,966.8 ) $ 8,701.4 Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2020 Parent Combined Combined Eliminations Consolidated (in millions) Operating activities: Net income $ 161.7 $ 40.7 $ 9.4 $ (49.5 ) $ 162.3 Loss from discontinued operations 0.2 — — — 0.2 Equity in earnings of subsidiaries, net of taxes (54.9 ) (8.5 ) (4.8 ) 68.2 — Other (199.6 ) 210.7 5.1 (4.9 ) 11.3 Net cash provided by (used in) operating activities – continuing operations (92.6 ) 242.9 9.7 13.8 173.8 Net cash used in operating activities – discontinued operations (0.2 ) — — — (0.2 ) Net cash provided by (used in) operating activities (92.8 ) 242.9 9.7 13.8 173.6 Investing activities: Proceeds from railcar lease fleet sales owned more than one year — 278.1 359.5 (569.1 ) 68.5 Proceeds from dispositions of property and other assets — 0.5 9.3 — 9.8 Capital expenditures – leasing — (442.2 ) (256.1 ) 569.1 (129.2 ) Capital expenditures – manufacturing and other (0.6 ) (7.2 ) (6.2 ) — (14.0 ) Other — — 0.3 — 0.3 Net cash (used in) provided by investing activities (0.6 ) (170.8 ) 106.8 — (64.6 ) Financing activities: Payments to retire debt (175.0 ) — (296.4 ) — (471.4 ) Proceeds from issuance of debt 180.0 — 272.4 — 452.4 Shares repurchased (35.4 ) — — — (35.4 ) Dividends paid to common shareholders (22.7 ) — — — (22.7 ) Change in intercompany financing between entities 191.1 (66.6 ) (110.7 ) (13.8 ) — Net cash (used in) provided by financing activities 138.0 (66.6 ) (134.7 ) (13.8 ) (77.1 ) Net decrease in cash, cash equivalents, and restricted cash 44.6 5.5 (18.2 ) — 31.9 Cash, cash equivalents, and restricted cash at beginning of period 155.1 0.1 122.4 — 277.6 Cash, cash equivalents, and restricted cash at end of period $ 199.7 $ 5.6 $ 104.2 $ — $ 309.5 Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2019 Parent Combined Combined Eliminations Consolidated (in millions) Operating activities: Net income $ 30.6 $ 42.7 $ 20.7 $ (63.9 ) $ 30.1 Loss from discontinued operations 0.9 — 0.2 — 1.1 Equity in earnings of subsidiaries, net of taxes (54.2 ) (15.4 ) (5.0 ) 74.6 — Other (23.3 ) (184.8 ) 58.7 (6.6 ) (156.0 ) Net cash (used in) provided by operating activities – continuing operations (46.0 ) (157.5 ) 74.6 4.1 (124.8 ) Net cash used in operating activities – discontinued operations (0.9 ) — (0.2 ) — (1.1 ) Net cash (used in) provided by operating activities (46.9 ) (157.5 ) 74.4 4.1 (125.9 ) Investing activities: Proceeds from railcar lease fleet sales owned more than one year — 0.4 29.0 — 29.4 Proceeds from dispositions of property and other assets — — 7.3 — 7.3 Capital expenditures – leasing — (448.0 ) (17.0 ) — (465.0 ) Capital expenditures – manufacturing and other (0.6 ) (7.3 ) (3.6 ) — (11.5 ) (Increase) decrease in investment in partially-owned subsidiaries — 0.3 — (0.3 ) — Other — — 1.3 — 1.3 Net cash (used in) provided by investing activities (0.6 ) (454.6 ) 17.0 (0.3 ) (438.5 ) Financing activities: Payments to retire debt (150.0 ) — (64.8 ) — (214.8 ) Proceeds from issuance of debt 400.0 — 249.7 — 649.7 Shares repurchased (25.0 ) — 10.0 — (15.0 ) Dividends paid to common shareholders (17.3 ) — — — (17.3 ) Purchase of shares to satisfy employee tax on vested stock (0.5 ) — — — (0.5 ) Distributions to noncontrolling interest — — (0.4 ) — (0.4 ) Distributions to controlling interest in partially-owned subsidiaries — — 0.3 (0.3 ) — Change in intercompany financing between entities (251.4 ) 610.9 (356.0 ) (3.5 ) — Net cash (used in) provided by financing activities (44.2 ) 610.9 (161.2 ) (3.8 ) 401.7 Net decrease in cash, cash equivalents, and restricted cash (91.7 ) (1.2 ) (69.8 ) — (162.7 ) Cash, cash equivalents, and restricted cash at beginning of period 154.7 4.1 192.0 — 350.8 Cash, cash equivalents, and restricted cash at end of period $ 63.0 $ 2.9 $ 122.2 $ — $ 188.1

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The foregoing Consolidated Financial Statements are unaudited and have been prepared from the books and records of Trinity Industries, Inc. and its consolidated subsidiaries (“Trinity,” “Company,” “we,” “our,” or "us") including the accounts of our wholly-owned subsidiaries and partially-owned subsidiaries, TRIP Rail Holdings LLC (“TRIP Holdings”) and RIV 2013 Rail Holdings LLC ("RIV 2013"), in which we have a controlling interest. In our opinion, all normal and recurring adjustments necessary for a fair presentation of our financial position as of March 31, 2020 , and the results of operations for the three months ended March 31, 2020 and 2019 , and cash flows for the three months ended March 31, 2020 and 2019 , have been made in conformity with generally accepted accounting principles. All significant intercompany accounts and transactions have been eliminated. Certain prior year balances have been reclassified to conform to the 2020 presentation. Due to seasonal and other factors, including the potential impacts of the coronavirus disease 2019 (“COVID-19”) pandemic and the related governmental response, the results of operations for the three months ended March 31, 2020 may not be indicative of expected results of operations for the year ending December 31, 2020 . These interim financial statements and notes are condensed as permitted by the instructions to Form 10-Q and should be read in conjunction with our audited Consolidated Financial Statements included in our Form 10-K for the year ended December 31, 2019 .
Revenue Recognition	Revenue Recognition Revenue is measured based on the allocation of the transaction price in a contract to satisfied performance obligations. The transaction price does not include any amounts collected on behalf of third parties. We recognize revenue when we satisfy a performance obligation by transferring control over a product or service to a customer. Payments for our products and services are generally due within normal commercial terms. The following is a description of principal activities from which we generate our revenue, separated by reportable segments. See Note 3 for a further discussion regarding our reportable segments. Railcar Leasing and Management Services Group In our Railcar Leasing and Management Services Group ("Leasing Group"), revenue from rentals and operating leases, including contracts that contain non-level fixed lease payments, is recognized monthly on a straight-line basis. Leases not classified as operating leases are generally considered sales-type leases as a result of an option to purchase. We review our operating lease receivables for collectibility on a regular basis, taking into consideration changes in factors such as the lessee’s payment history, the financial condition of the lessee, and business and economic conditions in the industry in which the lessee operates. In the event that the collectibility of a receivable with respect to any lessee is no longer probable, we de-recognize the revenue and related receivable and recognize future revenue only when the lessee makes a rental payment. Contingent rents are recognized when the contingency is resolved. Selling profit or loss associated with sales-type leases is recognized upon lease commencement, and a net investment in the sales-type lease is recorded on the Consolidated Balance Sheet. Interest income related to sales-type leases is recognized over the lease term using the effective interest method. We had no sales-type leases as of March 31, 2020. Revenue is recognized from the sales of railcars from the lease fleet on a gross basis in leasing revenues and cost of revenues if the railcar has been owned for one year or less at the time of sale. Sales of railcars from the lease fleet owned for more than one year are recognized as a net gain or loss from the disposal of a long-term asset. Revenue from servicing and management agreements is recognized as each performance period occurs. We account for shipping and handling costs as activities to fulfill the promise to transfer the goods; as such, these fees are recorded in revenue. The fees and costs of shipping and handling activities are accrued when the related performance obligation has been satisfied. Rail Products Group Our railcar manufacturing business recognizes revenue when the customer has submitted its certificate of acceptance and legal title of the railcar has passed to the customer. Certain contracts for the sales of railcars include price adjustments based on steel-price indices; this amount represents variable consideration for which we are unable to estimate the final consideration until the railcar is delivered. Within our maintenance services business, revenue is recognized over time as repair and maintenance projects are completed, using an input approach based on the costs incurred relative to the total estimated costs of performing the project. We recorded contract assets of $9.3 million and $5.2 million as of March 31, 2020 and December 31, 2019 , respectively, related to unbilled revenues recognized on repair and maintenance services that have been performed, but for which the entire project has not yet been completed, and the railcar has not yet been shipped to the customer. These contract assets are included within the Receivables, net of allowance line in our Consolidated Balance Sheets. All Other Our highway products business recognizes revenue when shipment has occurred and legal title of the product has passed to the customer. Unsatisfied Performance Obligations The following table includes estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially satisfied as of March 31, 2020 and the percentage of the outstanding performance obligations as of March 31, 2020 expected to be delivered during the remainder of 2020 : Unsatisfied performance obligations at March 31, 2020 Total Amount Percent expected to be delivered in 2020 (in millions) Rail Products Group: Products: External Customers $ 976.1 Leasing Group 581.7 $ 1,557.8 53 % Maintenance Services $ 20.0 92 % Railcar Leasing and Management Services Group $ 102.4 12 % The remainder of the unsatisfied performance obligations for the Rail Products Group is expected to be delivered through 2023 . Unsatisfied performance obligations for the Railcar Leasing and Management Services Group are related to servicing, maintenance, and management agreements and are expected to be performed through 2029.
Lessee, Leases [Policy Text Block]	Lessee We are the lessee of operating leases predominantly for railcars, as well as office buildings, manufacturing equipment, and office equipment. Our operating leases have remaining lease terms ranging from one year to forty years , some of which include options to extend for up to five years , and some of which include options to terminate within one year . As of March 31, 2020 , we had no finance leases in which we were the lessee. The following table summarizes the impact of our operating leases on our Consolidated Financial Statements (in millions, except lease term and discount rate): Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Consolidated Statement of Operations Operating lease expense $ 3.9 $ 5.2 Short-term lease expense $ 0.2 $ 1.4 March 31, 2020 December 31, 2019 Consolidated Balance Sheet Right-of-use assets (1) $ 42.6 $ 44.2 Lease liabilities (2) $ 43.4 $ 44.8 Weighted average remaining lease term 4.6 years 4.8 years Weighted average discount rate 4.1 % 4.1 % Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Consolidated Statement of Cash Flows Cash flows from operating activities $ 3.9 $ 5.2 Right-of-use assets recognized in exchange for new lease liabilities $ 2.1 $ — (1) Included in other assets in our Consolidated Balance Sheet (2) Included in other liabilities in our Consolidated Balance Sheet Future contractual minimum operating lease liabilities will mature as follows (in millions): Leasing Group Non-Leasing Group (1) Total Remaining nine months of 2020 $ 7.8 $ 3.0 $ 10.8 2021 8.5 3.0 11.5 2022 7.8 2.8 10.6 2023 5.9 2.5 8.4 2024 2.7 1.3 4.0 Thereafter 1.8 2.9 4.7 Total operating lease payments $ 34.5 $ 15.5 $ 50.0 Less: Present value adjustment (6.6 ) Total operating lease liabilities $ 43.4 (1) Excludes approximately $77.9 million of legally binding minimum operating lease liabilities for a lease that has been signed but has not yet commenced for the relocation of our corporate headquarters. See Note 10 for more information.
Lessor, Leases [Policy Text Block]	Lessor Our Leasing Group enters into railcar operating leases with third parties with terms generally ranging between one year and ten years , although certain leases entered into in prior periods had lease terms of up to twenty years . The majority of our fleet operates on leases that earn fixed monthly lease payments. Generally, lease payments are due at the beginning of the applicable month. A portion of our fleet operates on per diem leases that earn usage-based variable lease payments. Some of our leases include options to extend the leases for up to five years , and a small percentage of our leases include options to terminate within one year with certain notice requirements and early termination penalties. Leases previously classified as sales-type leases included an option for the lessee to purchase the leased railcars with certain notice. During the three months ended March 31, 2020, the lessee exercised its option to purchase the leased railcars. As of March 31, 2020 , non-Leasing Group operating leases were not significant, and we had no sales-type leases and no direct finance leases. We manage risks associated with residual values of leased railcars by investing across a diverse portfolio of railcar types, staggering lease maturities within any given railcar type, avoiding concentration of railcar type and industry, and participating in active secondary markets. Additionally, our lease agreements contain normal wear and tear return condition provisions and high mileage thresholds designed to protect the value of our residual assets. Our lease agreements do not contain any material residual value guarantees or restrictive covenants. The following table summarizes the impact of our leases on our Consolidated Statement of Operations (in millions): Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Operating lease revenues $ 172.2 $ 179.2 Variable operating lease revenues $ 12.6 $ 10.8 Interest income on sales-type lease receivables $ 1.7 $ — Future contractual minimum revenues for operating leases will mature as follows (in millions): Remaining nine months of 2020 $ 446.5 2021 482.1 2022 376.3 2023 268.8 2024 183.7 Thereafter 330.8 Total $ 2,088.2 (1) Total contractual minimum rental revenues on operating leases relates to our wholly-owned and partially-owned subsidiaries and sub-lease rental revenues associated with the Leasing Group's operating lease obligations.
Cash and Cash Equivalents	Financial Instruments We consider all highly liquid debt instruments to be either cash and cash equivalents if purchased with a maturity of three months or less, or short-term marketable securities if purchased with a maturity of more than three months and less than one year . Financial instruments that potentially subject us to a concentration of credit risk are primarily cash investments including restricted cash and receivables. We place our cash investments in bank deposits and investment grade, short-term debt instruments and limit the amount of credit exposure to any one commercial issuer. The carrying values of cash, receivables, and accounts payable are considered to be representative of their respective fair values. Concentrations of credit risk with respect to receivables are limited due to control procedures that monitor the credit worthiness of customers, the large number of customers in our customer base, and their dispersion across different end markets and geographic areas. Receivables are generally evaluated at a portfolio level based on these characteristics. As receivables are generally unsecured, we maintain an allowance for credit losses using a forward-looking approach based on historical expected losses and consideration of current and expected future economic conditions. Historically, we have observed that the likelihood of loss increases when receivables have aged beyond 180 days. When a receivable is deemed uncollectible, the write-off is recorded as a reduction to allowance for credit losses. During the three months ended March 31, 2020 , we recognized approximately $1.2 million of credit loss expense related to our in-scope receivables, bringing the allowance for credit losses balance at March 31, 2020 to $6.7 million . This balance excludes the general reserve for operating lease receivables that is permitted under ASC 842.
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant, and Equipment In early 2020, we finalized an assessment of the estimated useful lives and salvage value assumptions for the railcars in our lease fleet. Based upon analysis of historical fleet data, review of industry standards, and consideration of certain economic factors by railcar type, we determined that it was appropriate to revise the useful lives and salvage values of certain railcar types in our lease fleet. The net impact of these changes, which took effect January 1, 2020, resulted in a change in the weighted average useful life from approximately 34 years to approximately 37 years. This change was accounted for as a change in accounting estimate, which is required to be accounted for on a prospective basis. This change in estimate resulted in a decrease in depreciation expense and an increase in income from continuing operations of approximately $7.7 million , as well as an increase in net income of approximately $5.9 million for the three months ended March 31, 2020. Further, basic and diluted earnings per share increased $0.05 per share for the three months ended March 31, 2020, respectively.
Goodwill Disclosure [Text Block]	Goodwill As of March 31, 2020 and December 31, 2019 , the carrying amount of our goodwill totaled $208.8 million , which is primarily attributable to the Rail Products Group.
Product Warranty Disclosure [Text Block]	Warranties We provide various express, limited product warranties that generally range from one year to five years depending on the product. The warranty costs are estimated using a two-step approach. First, an engineering estimate is made for the cost of all claims that have been asserted by customers. Second, based on historical claims experience, a cost is accrued for all products still within a warranty period for which no claims have been filed. We provide for the estimated cost of product warranties at the time revenue is recognized related to products covered by warranties and assess the adequacy of the resulting reserves on a quarterly basis. The changes in the accruals for warranties for the three months ended March 31, 2020 and 2019 are as follows: Three Months Ended 2020 2019 (in millions) Beginning balance $ 8.1 $ 7.4 Warranty costs incurred (0.9 ) (0.9 ) Warranty originations and revisions 0.6 0.7 Warranty expirations (0.1 ) (0.1 ) Ending balance $ 7.7 $ 7.1
Recent Accounting Pronouncements	Recent Accounting Pronouncements Adopted in 2020 ASU 2016-13 — In June 2016, the FASB issued ASU No. 2016-13, "Measurement of Credit Losses on Financial Instruments," which amends the impairment model by requiring entities to use a forward-looking approach based on expected losses rather than incurred losses to estimate credit losses on certain types of financial instruments, including trade receivables. This approach may result in the earlier recognition of allowances for losses. In November 2018, the FASB issued ASU No. 2018-19, "Codification Improvements to Topic 326, Financial Instruments—Credit Losses," which excludes operating lease receivables from the scope of ASU 2016-13. ASU 2016-13 is effective for public companies during interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. We adopted ASU 2016-13 effective January 1, 2020 using a cumulative-effect adjustment to the opening balance of retained earnings on January 1, 2020. Therefore, comparative financial information was not adjusted. We assessed our outstanding receivables by reportable segment and determined the expected loss rate using historical loss information and aging considerations, as well as the current and future economic conditions of our customer base and the end markets in which they operate. The Leasing Group's outstanding receivables primarily relate to their servicing and management agreements. The method for evaluating the Leasing Group's operating lease receivables remained unchanged by ASU 2016-13. The Rail Products Group's outstanding receivables primarily relate to amounts due on manufactured railcars, as well as completed repairs and maintenance projects. Upon adoption, we recorded an adjustment to opening retained earnings of approximately $0.7 million ( $0.5 million , net of tax). The ongoing application of ASU 2016-13 is not expected to materially impact our results of operations, financial position, or cash flows. ASU 2018-15 — In August 2018, the FASB issued ASU No. 2018-15, "Customer's Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract," which aligns the accounting for costs incurred to implement a cloud computing arrangement that is a service arrangement with the guidance on capitalizing costs associated with developing or obtaining internal-use software. ASU 2018-15 is effective for public companies during interim and annual reporting periods beginning after December 15, 2019, with early adoption permitted. We adopted ASU 2018-15 effective January 1, 2020 on a prospective basis. Beginning January 1, 2020, capitalized implementation costs are included within other assets in the Consolidated Balance Sheet and are depreciated within selling, general, and administrative expenses in the Consolidated Statement of Operations. The adoption did not have a significant impact on our Consolidated Financial Statements. ASU 2020-04 — In March 2020, the FASB issued ASU No. 2020-04, "Facilitation of the Effects of Reference Rate Reform on Financial Reporting," which provides temporary optional expedients to accounting guidance on contract modifications and hedge accounting to ease the potential financial reporting burdens as the market transitions from the London Interbank Offered Rate ("LIBOR") to alternative reference rates . ASU 2020-04 was effective upon issuance. ASU 2020-04 is in response to the July 2017 announcement by United Kingdom's Financial Conduct Authority, which regulates the LIBOR, that it will no longer persuade or require banks to submit rates for the calculation of LIBOR after 202 1. We currently have LIBOR-based contracts that extend beyond 2021 including derivative instruments, promissory notes for Trinity Rail Leasing 2017, LLC, a Delaware limited liability company and a limited purpose, indirect wholly-owned subsidiary of the Company owned through Trinity Industries Leasing Company (“TILC”), TILC's warehouse loan facility, and our revolving credit facility. The adoption did not have a significant impact on our Consolidated Financial Statements.

Derivative Instruments and Fa_2

Derivative Instruments and Fair Value Accounting Derivatives (Policies)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	See Note 7 for a description of our debt instruments. Interest Rate Hedges Included in accompanying balance sheet Notional Amount Interest Rate (1) Asset/(Liability) AOCL – loss/(income) Noncontrolling Interest (in millions, except %) Expired hedges: 2018 secured railcar equipment notes $ 249.3 4.41 % $ — $ 1.0 $ — TRIP Holdings warehouse loan $ 788.5 3.60 % $ — $ 2.0 $ 2.7 TRIP Master Funding secured railcar equipment notes $ 34.8 2.62 % $ — $ 0.1 $ 0.1 2017 promissory notes - interest rate cap $ 169.3 3.00 % $ — $ (0.6 ) $ — Open hedge: 2017 promissory notes - interest rate swap $ 563.6 2.68 % $ (51.5 ) $ 51.1 $ — (1) Weighted average fixed interest rate, except for the interest rate cap on the 2017 promissory notes. Effect on interest expense-increase/(decrease) Three Months Ended Expected effect during next twelve months (1) 2020 2019 (in millions) Expired hedges: 2006 secured railcar equipment notes (2) $ (0.1 ) $ — $ — 2018 secured railcar equipment notes $ 0.1 $ 0.1 $ 0.2 TRIP Holdings warehouse loan $ 0.5 $ 0.5 $ 2.0 TRIP Master Funding secured railcar equipment notes $ 0.1 $ 0.1 $ 0.1 2017 promissory notes - interest rate cap $ — $ — $ (0.1 ) Open hedge: 2017 promissory notes - interest rate swap $ 1.7 $ 0.6 $ 6.8 (1) Based on the fair value of open hedges as of March 31, 2020 . (2) Upon settlement of the debt in March 2020, the remaining balance of $0.1 million in AOCL was recognized through interest expense. See Note 7 for additional information on the debt redemption. Other Derivatives Included in accompanying balance sheet at March 31, 2020 Effect on cost of revenues –increase/(decrease) Notional Amount Asset/(Liability) AOCL – loss/(income) Three Months Ended Expected effect during next twelve months (1) (in millions) Foreign currency hedge $ 35.0 $ (6.7 ) $ 7.6 $ (0.8 ) $ 7.6 (1) Based on the fair value of open hedges as of March 31, 2020 . Our exposure related to foreign currency and commodity transactions is currently hedged for up to a maximum of twelve months. The effect of commodity hedge transactions was immaterial to the Consolidated Financial Statements for all periods presented herein.

Common Stock and Stock-Based _2

Common Stock and Stock-Based Compensation Stockholders Equity (Policies)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Stockholders' Equity, Policy [Policy Text Block]	Stockholders' Equity In March 2019 , our Board of Directors authorized a share repurchase program effective March 7, 2019 through December 31, 2020 . The share repurchase program authorizes the Company to repurchase up to $350.0 million of its common stock, not to exceed 13.7 million shares. On April 24, 2020, as a result of current market conditions, the Board of Directors amended the repurchase program to remove the share limitation. Share repurchase activity under the current program is as follows: Shares Repurchased Remaining Authorization to Repurchase Period Number of shares Cost (in millions) Cost (in millions) March 7, 2019 Authorization $ 350.0 March 7, 2019 through March 31, 2019 866,715 $ 19.0 $ 331.0 April 1, 2019 through June 30, 2019 2,133,116 44.0 $ 287.0 July 1, 2019 through September 30, 2019 5,171,489 100.9 $ 186.1 October 1, 2019 through December 31, 2019 2,933,474 60.8 $ 125.3 January 1, 2020 through March 31, 2020 1,850,000 35.4 $ 89.9 Total 12,954,794 $ 260.1 Additionally, for the three months ended March 31, 2019 , repurchases include 2.6 million shares at a cost of approximately $70.0 million representing the final settlement of an accelerated share repurchase program, which was funded in November 2018 but a portion of which remained outstanding as of December 31, 2018.
Share-based Payment Arrangement [Text Block]	Stock-Based Compensation Stock-based compensation totaled approximately $7.3 million and $5.5 million for the three months ended March 31, 2020 and 2019, respectively. The Company's annual grant of share-based awards generally occurs in the second quarter under our 2004 Fourth Amended and Restated Stock Option and Incentive Plan (the "Plan”). Our stock options have contractual terms of ten years . Expense related to stock options issued to eligible employees under the Plan is recognized over their vesting period on a straight-line basis, generally three years . Expense related to restricted stock units ("RSUs") issued to eligible employees under the Plan is recognized ratably over the vesting period, generally between three years and four years . Expense related to performance units is recognized ratably from their award date to the end of the performance period, generally three years . Expense related to restricted stock awards ("RSAs") and RSUs granted to non-employee directors under the Plan is recognized ratably over the vesting period, generally one year . The following table summarizes stock-based compensation awards granted during the three months ended March 31, 2020 : Number of Shares Granted Weighted Average Grant-Date Fair Value per Award Stock options 300,000 $ 5.26 Restricted stock units 119,012 $ 21.26 The fair value of the stock options granted was estimated at the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions: Three Months Ended March 31, 2020 Exercise price $ 21.61 Risk-free interest rate 1.48 % Expected life (in years) 6.50 Equity volatility 35.0 % Dividend yield 3.42 %

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Remaining Performance Obligation	The following table includes estimated revenue expected to be recognized in future periods related to performance obligations that are unsatisfied or partially satisfied as of March 31, 2020 and the percentage of the outstanding performance obligations as of March 31, 2020 expected to be delivered during the remainder of 2020 : Unsatisfied performance obligations at March 31, 2020 Total Amount Percent expected to be delivered in 2020 (in millions) Rail Products Group: Products: External Customers $ 976.1 Leasing Group 581.7 $ 1,557.8 53 % Maintenance Services $ 20.0 92 % Railcar Leasing and Management Services Group $ 102.4 12 %
Lessee, Operating Lease, Disclosure [Table Text Block]	The following table summarizes the impact of our operating leases on our Consolidated Financial Statements (in millions, except lease term and discount rate): Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Consolidated Statement of Operations Operating lease expense $ 3.9 $ 5.2 Short-term lease expense $ 0.2 $ 1.4 March 31, 2020 December 31, 2019 Consolidated Balance Sheet Right-of-use assets (1) $ 42.6 $ 44.2 Lease liabilities (2) $ 43.4 $ 44.8 Weighted average remaining lease term 4.6 years 4.8 years Weighted average discount rate 4.1 % 4.1 % Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Consolidated Statement of Cash Flows Cash flows from operating activities $ 3.9 $ 5.2 Right-of-use assets recognized in exchange for new lease liabilities $ 2.1 $ — (1) Included in other assets in our Consolidated Balance Sheet (2) Included in other liabilities in our Consolidated Balance Sheet
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Future contractual minimum operating lease liabilities will mature as follows (in millions): Leasing Group Non-Leasing Group (1) Total Remaining nine months of 2020 $ 7.8 $ 3.0 $ 10.8 2021 8.5 3.0 11.5 2022 7.8 2.8 10.6 2023 5.9 2.5 8.4 2024 2.7 1.3 4.0 Thereafter 1.8 2.9 4.7 Total operating lease payments $ 34.5 $ 15.5 $ 50.0 Less: Present value adjustment (6.6 ) Total operating lease liabilities $ 43.4 (1) Excludes approximately $77.9 million of legally binding minimum operating lease liabilities for a lease that has been signed but has not yet commenced for the relocation of our corporate headquarters. See Note 10 for more information.
Leases of Lessor Disclosure [Text Block]	The following table summarizes the impact of our leases on our Consolidated Statement of Operations (in millions): Three Months Ended March 31, 2020 Three Months Ended March 31, 2019 Operating lease revenues $ 172.2 $ 179.2 Variable operating lease revenues $ 12.6 $ 10.8 Interest income on sales-type lease receivables $ 1.7 $ —
Lessor, Payments to be Received, Maturity [Table Text Block]	Future contractual minimum revenues for operating leases will mature as follows (in millions): Remaining nine months of 2020 $ 446.5 2021 482.1 2022 376.3 2023 268.8 2024 183.7 Thereafter 330.8 Total $ 2,088.2 (1) Total contractual minimum rental revenues on operating leases relates to our wholly-owned and partially-owned subsidiaries and sub-lease rental revenues associated with the Leasing Group's operating lease obligations.
Schedule of Product Warranty Liability [Table Text Block]	The changes in the accruals for warranties for the three months ended March 31, 2020 and 2019 are as follows: Three Months Ended 2020 2019 (in millions) Beginning balance $ 8.1 $ 7.4 Warranty costs incurred (0.9 ) (0.9 ) Warranty originations and revisions 0.6 0.7 Warranty expirations (0.1 ) (0.1 ) Ending balance $ 7.7 $ 7.1

Derivative Instruments and Fa_3

Derivative Instruments and Fair Value Accounting Derivatives and Hedging (Tables)	3 Months Ended
	Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Interest Rate Derivatives [Table Text Block]	Included in accompanying balance sheet Notional Amount Interest Rate (1) Asset/(Liability) AOCL – loss/(income) Noncontrolling Interest (in millions, except %) Expired hedges: 2018 secured railcar equipment notes $ 249.3 4.41 % $ — $ 1.0 $ — TRIP Holdings warehouse loan $ 788.5 3.60 % $ — $ 2.0 $ 2.7 TRIP Master Funding secured railcar equipment notes $ 34.8 2.62 % $ — $ 0.1 $ 0.1 2017 promissory notes - interest rate cap $ 169.3 3.00 % $ — $ (0.6 ) $ — Open hedge: 2017 promissory notes - interest rate swap $ 563.6 2.68 % $ (51.5 ) $ 51.1 $ — (1) Weighted average fixed interest rate, except for the interest rate cap on the 2017 promissory notes.
Derivative Instruments, Gain (Loss) [Table Text Block]	Effect on interest expense-increase/(decrease) Three Months Ended Expected effect during next twelve months (1) 2020 2019 (in millions) Expired hedges: 2006 secured railcar equipment notes (2) $ (0.1 ) $ — $ — 2018 secured railcar equipment notes $ 0.1 $ 0.1 $ 0.2 TRIP Holdings warehouse loan $ 0.5 $ 0.5 $ 2.0 TRIP Master Funding secured railcar equipment notes $ 0.1 $ 0.1 $ 0.1 2017 promissory notes - interest rate cap $ — $ — $ (0.1 ) Open hedge: 2017 promissory notes - interest rate swap $ 1.7 $ 0.6 $ 6.8 (1) Based on the fair value of open hedges as of March 31, 2020 . (2) Upon settlement of the debt in March 2020, the remaining balance of $0.1 million in AOCL was recognized through interest expense. See Note 7 for additional information on the debt redemption.

Derivative Instruments and Fa_4

Derivative Instruments and Fair Value Accounting Fair Value Tables (Tables)	3 Months Ended
	Mar. 31, 2020
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The assets measured as Level 1 in the fair value hierarchy are summarized below: Level 1 March 31, 2020 December 31, 2019 (in millions) Assets: Cash equivalents $ 104.4 $ 57.9 Restricted cash 96.3 111.4 Total assets $ 200.7 $ 169.3
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The assets and liabilities measured as Level 2 in the fair value hierarchy are summarized below: Level 2 March 31, 2020 December 31, 2019 (in millions) Assets: Foreign currency hedge (1) $ — $ 1.2 Total assets $ — $ 1.2 Liabilities: Interest rate hedge (2) $ 51.5 $ 28.0 Foreign currency hedge (2) 6.7 — Total liabilities $ 58.2 $ 28.0 (1) Included in other assets in our Consolidated Balance Sheets. (2) Included in accrued liabilities in our Consolidated Balance Sheets.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Segment Reporting [Abstract]
Financial information for segments	Three Months Ended March 31, 2020 2019 (in millions) Operating profit: Railcar Leasing and Management Services Group $ 92.9 $ 85.8 Rail Products Group 25.1 47.1 All Other 9.3 10.1 Segment Totals before Eliminations, Corporate Expenses, and Restructuring activities 127.3 143.0 Corporate (28.1 ) (23.6 ) Restructuring activities, net (5.5 ) — Eliminations – Lease Subsidiary (19.9 ) (27.2 ) Eliminations – Other (0.8 ) (0.4 ) Consolidated operating profit $ 73.0 $ 91.8 Other (income) expense 58.1 51.7 Provision (benefit) for income taxes (147.6 ) 8.9 Loss from discontinued operations, net of income taxes (0.2 ) (1.1 ) Net income $ 162.3 $ 30.1

Railcar Leasing and Managemen_2

Railcar Leasing and Management Services Group (Tables)	3 Months Ended
	Mar. 31, 2020
Sale Leaseback Transaction [Line Items]
Selected consolidating financial information for the Leasing Group	Selected consolidated financial information for the Leasing Group is as follows: March 31, 2020 Wholly- Partially-Owned Subsidiaries Total Leasing Group Eliminations — Lease Subsidiary (1) Adjusted Total Leasing Group (in millions) Cash and cash equivalents $ 7.3 $ — $ 7.3 $ — $ 7.3 Accounts receivable 75.7 9.3 85.0 — 85.0 Property, plant, and equipment, net 5,837.5 1,776.6 7,614.1 (899.7 ) 6,714.4 Restricted cash 69.0 27.3 96.3 — 96.3 Other assets 53.4 1.3 54.7 — 54.7 Total assets $ 6,042.9 $ 1,814.5 $ 7,857.4 $ (899.7 ) $ 6,957.7 Accounts payable and accrued liabilities $ 85.6 $ 42.4 $ 128.0 $ — $ 128.0 Debt, net 3,078.8 1,263.5 4,342.3 — 4,342.3 Deferred income taxes 912.4 1.1 913.5 (202.9 ) 710.6 Other liabilities 82.7 — 82.7 — 82.7 Total liabilities 4,159.5 1,307.0 5,466.5 (202.9 ) 5,263.6 Noncontrolling interest — 349.7 349.7 — 349.7 Total Equity $ 1,883.4 $ 157.8 $ 2,041.2 $ (696.8 ) $ 1,344.4 December 31, 2019 Wholly- Partially-Owned Subsidiaries Total Leasing Group Eliminations — Lease Subsidiary (1) Adjusted Total Leasing Group (in millions) Cash and cash equivalents $ 1.8 $ — $ 1.8 $ — $ 1.8 Accounts receivable 73.9 8.7 82.6 — 82.6 Property, plant, and equipment, net 5,818.9 1,786.7 7,605.6 (903.8 ) 6,701.8 Restricted cash 78.4 33.0 111.4 — 111.4 Other assets 209.8 1.4 211.2 — 211.2 Total assets $ 6,182.8 $ 1,829.8 $ 8,012.6 $ (903.8 ) $ 7,108.8 Accounts payable and accrued liabilities $ 72.7 $ 44.6 $ 117.3 $ — $ 117.3 Debt, net 3,080.7 1,278.4 4,359.1 — 4,359.1 Deferred income taxes 861.7 1.1 862.8 (184.8 ) 678.0 Other liabilities 60.7 — 60.7 — 60.7 Total liabilities 4,075.8 1,324.1 5,399.9 (184.8 ) 5,215.1 Noncontrolling interest — 348.8 348.8 — 348.8 Total Equity $ 2,107.0 $ 156.9 $ 2,263.9 $ (719.0 ) $ 1,544.9 (1) Net deferred profit on railcars sold to the Leasing Group consists of intersegment profit that is eliminated in consolidation. Net deferred profit and the related deferred tax impact are included as adjustments to the property, plant, and equipment, net and deferred income taxes line items, respectively, in the Eliminations – Lease Subsidiary column above to reflect the net book value of the railcars purchased by the Leasing Group from the Rail Products Group based on manufacturing cost. See Note 4 and Note 7 for a further discussion regarding our investment in our partially-owned leasing subsidiaries and the related indebtedness.
Selected consolidating income statement information for the Leasing Group	Three Months Ended March 31, 2020 2019 Percent ($ in millions) Change Revenues: Leasing and management $ 192.0 $ 187.1 2.6 % Sales of railcars owned one year or less at the time of sale 44.3 13.3 233.1 % Total revenues $ 236.3 $ 200.4 17.9 % Operating profit (1) : Leasing and management $ 82.5 $ 77.1 7.0 % Railcar sales: Railcars owned one year or less at the time of sale 1.7 0.8 112.5 % Railcars owned more than one year at the time of sale 8.7 7.9 10.1 % Total operating profit $ 92.9 $ 85.8 8.3 % Total operating profit margin 39.3 % 42.8 % Leasing and management operating profit margin 43.0 % 41.2 % Selected expense information: Depreciation (2) $ 53.6 $ 54.4 (1.5 )% Maintenance and compliance $ 25.9 $ 27.8 (6.8 )% Rent $ 3.0 $ 5.5 (45.5 )% Selling, engineering, and administrative expenses $ 14.3 $ 12.8 11.7 % Interest $ 55.1 $ 46.0 19.8 % (1) Operating profit includes: depreciation; maintenance and compliance; rent; and selling, engineering, and administrative expenses. Amortization of deferred profit on railcars sold from the Rail Products Group to the Leasing Group is included in the operating profit of the Leasing Group, resulting in the recognition of depreciation expense based on our original manufacturing cost of the railcars. Interest expense is not a component of operating profit and includes the effect of hedges. (2) Effective January 1, 2020, we revised the estimated useful lives and salvage values of certain railcar types in our lease fleet. This change in estimate resulted in a decrease in depreciation expense in the three months ended March 31, 2020 of approximately $7.7 million . This decrease was partially offset by higher depreciation associated with growth in the lease fleet. See Note 1 of the Consolidated Financial Statements for further information.
Schedule of proceeds from leased railcars	During the three months ended March 31, 2020 and 2019 , information related to the sales of leased railcars is as follows: Three Months Ended March 31, 2020 2019 (in millions) Sales of leased railcars: Railcars owned one year or less at the time of sale $ 44.3 $ 13.3 Railcars owned more than one year at the time of sale 68.5 29.4 $ 112.8 $ 42.7 Operating profit on sales of leased railcars: Railcars owned one year or less at the time of sale $ 1.7 $ 0.8 Railcars owned more than one year at the time of sale 8.7 7.9 $ 10.4 $ 8.7 Operating profit margin on sales of leased railcars: Railcars owned one year or less at the time of sale 3.8 % 6.0 % Railcars owned more than one year at the time of sale 12.7 % 26.9 % Weighted average operating profit margin on sales of leased railcars 9.2 % 20.4 %
Future contractual minimum rental revenues on leases	Future contractual minimum rental revenues on operating leases related to our wholly-owned and partially-owned subsidiaries are as follows: Remaining nine months of 2020 2021 2022 2023 2024 Thereafter Total (in millions) Future contractual minimum rental revenues $ 440.7 $ 475.9 $ 371.7 $ 266.6 $ 183.2 $ 330.5 $ 2,068.6
Operating leases
Sale Leaseback Transaction [Line Items]
Future operating lease obligations and future contractual minimum rental revenues	Future amounts due as well as future contractual minimum rental revenues related to the Leasing Group's railcar operating lease obligations are as follows: Remaining nine months of 2020 2021 2022 2023 2024 Thereafter Total (in millions) Future operating lease obligations $ 7.5 $ 8.2 $ 7.5 $ 5.5 $ 2.3 $ 0.9 $ 31.9 Future contractual minimum rental revenues $ 5.8 $ 6.2 $ 4.6 $ 2.2 $ 0.5 $ 0.3 $ 19.6

Property, Plant, and Equipment

Property, Plant, and Equipment (Tables)	3 Months Ended
	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Components of property, plant, and equipment	The following table summarizes the components of property, plant, and equipment: March 31, 2020 December 31, 2019 (in millions) Manufacturing/Corporate: Land $ 28.6 $ 28.4 Buildings and improvements 400.9 402.2 Machinery and other 544.7 546.7 Construction in progress 71.3 63.1 1,045.5 1,040.4 Less accumulated depreciation (641.2 ) (631.6 ) 404.3 408.8 Leasing: Wholly-owned subsidiaries: Machinery and other 13.7 13.7 Equipment on lease 7,000.0 6,944.2 7,013.7 6,957.9 Less accumulated depreciation (1,176.2 ) (1,139.0 ) 5,837.5 5,818.9 Partially-owned subsidiaries: Equipment on lease 2,415.0 2,410.0 Less accumulated depreciation (638.4 ) (623.3 ) 1,776.6 1,786.7 Deferred profit on railcars sold to the Leasing Group (1,138.5 ) (1,135.8 ) Less accumulated amortization 238.8 232.0 (899.7 ) (903.8 ) $ 7,118.7 $ 7,110.6

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
Components of debt	The carrying amounts and estimated fair values of our long-term debt are as follows: March 31, 2020 December 31, 2019 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value (in millions) Corporate – Recourse: Revolving credit facility $ 130.0 $ 130.0 $ 125.0 $ 125.0 Senior notes, net of unamortized discount of $0.2 and $0.2 399.8 343.0 399.8 411.7 529.8 473.0 524.8 536.7 Less: unamortized debt issuance costs (1.9 ) (2.0 ) Total recourse debt 527.9 522.8 Leasing – Non-recourse: Wholly-owned subsidiaries: 2006 secured railcar equipment notes — — 109.3 114.0 2009 secured railcar equipment notes 146.2 174.7 147.8 168.7 2010 secured railcar equipment notes 246.2 233.9 248.5 264.3 2017 promissory notes 618.8 618.8 627.1 627.1 2018 secured railcar equipment notes, net of unamortized discount of $0.2 and $0.2 447.2 483.1 452.1 466.2 TRIHC 2018 secured railcar equipment notes, net of unamortized discount of $1.1 and $1.4 262.6 261.3 265.4 270.9 2019 secured railcar equipment notes, net of unamortized discount of $0.4 and $0.4 892.0 854.8 901.0 904.9 TILC warehouse facility 488.0 488.0 353.4 353.4 3,101.0 3,114.6 3,104.6 3,169.5 Less: unamortized debt issuance costs (22.2 ) (23.9 ) 3,078.8 3,080.7 Partially-owned subsidiaries: TRL 2012 secured railcar equipment notes 364.0 362.0 371.4 374.4 TRIP Master Funding secured railcar equipment notes 909.9 884.9 917.9 984.0 1,273.9 1,246.9 1,289.3 1,358.4 Less: unamortized debt issuance costs (10.4 ) (10.9 ) 1,263.5 1,278.4 Total non–recourse debt 4,342.3 4,359.1 Total debt $ 4,870.2 $ 4,834.5 $ 4,881.9 $ 5,064.6
Remaining principal payments under existing debt agreements	The remaining principal payments under existing debt agreements as of March 31, 2020 are as follows: Remaining nine months of 2020 2021 2022 2023 2024 Thereafter Total (in millions) Recourse: Corporate $ — $ — $ — $ 130.0 $ 400.0 $ — $ 530.0 Non-recourse – leasing (Note 5): 2009 secured railcar equipment notes 5.0 13.4 14.0 11.7 14.5 87.6 146.2 2010 secured railcar equipment notes 12.2 20.0 20.9 22.4 18.5 152.2 246.2 2017 promissory notes 24.9 33.1 33.1 33.2 33.2 461.3 618.8 2018 secured railcar equipment notes 15.0 20.0 20.0 20.0 20.0 352.4 447.4 TRIHC 2018 secured railcar equipment notes 7.5 11.8 9.3 11.7 14.7 208.7 263.7 2019 secured railcar equipment notes 27.2 38.0 37.0 35.1 36.8 718.3 892.4 TILC warehouse facility 11.4 15.2 2.6 — — — 29.2 Facility termination payments – TILC warehouse facility — — 458.8 — — — 458.8 TRL 2012 secured railcar equipment notes 14.5 19.9 19.6 22.5 28.9 258.6 364.0 TRIP Master Funding secured railcar equipment notes 25.0 40.4 41.8 37.0 191.6 574.1 909.9 Total principal payments $ 142.7 $ 211.8 $ 657.1 $ 323.6 $ 758.2 $ 2,813.2 $ 4,906.6

Employee Retirement Plans (Tabl

Employee Retirement Plans (Tables)	3 Months Ended
	Mar. 31, 2020
Retirement Benefits [Abstract]
Components of net retirement cost	The following table summarizes the components of our net retirement cost: Three Months Ended 2020 2019 (in millions) Expense Components Service cost $ — $ — Interest 3.7 4.9 Expected return on plan assets (5.2 ) (5.7 ) Amortization of actuarial loss 1.5 1.1 Amortization of prior service cost 0.3 — Net periodic benefit cost 0.3 0.3 Profit sharing 2.7 2.2 Net expense $ 3.0 $ 2.5

Restructuring Activities (Table

Restructuring Activities (Tables)	3 Months Ended
	Mar. 31, 2020
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	The following table sets forth the restructuring activity and balance of the restructuring liability, which is included in other liabilities in our Consolidated Balance Sheet: Accrued charges as of December 31, 2019 Charges and adjustments Payments Accrued charges as of March 31, 2020 (in millions) Cash charges: Employee severance costs $ 3.4 $ 4.1 $ (6.5 ) $ 1.0 $ 3.4 $ 4.1 $ (6.5 ) $ 1.0 Asset impairment charges: Write-down of assets $ 5.2 Gain on disposition of assets (3.8 ) $ 1.4 Total restructuring activities $ 5.5
Restructuring and Related Costs [Table Text Block]	Although restructuring activities are not allocated to our reportable segments, the following table summarizes the restructuring activities by reportable segment: Three Months Ended March 31, 2020 Employee Severance Costs Gain on Disposition of Assets Write-down of Assets Total (in millions) Railcar Leasing and Management Services Group $ — $ — $ — $ — Rail Products Group 2.6 — — 2.6 All Other 0.1 (3.8 ) — (3.7 ) Corporate 1.4 — 5.2 6.6 Total restructuring activities $ 4.1 $ (3.8 ) $ 5.2 $ 5.5

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Changes in accumulated other comprehensive loss	Changes in AOCL for the three months ended March 31, 2020 are as follows: Currency translation adjustments Unrealized gain/(loss) on derivative financial instruments Net actuarial gains/(losses) of defined benefit plans Accumulated Other Comprehensive Loss (in millions) Balances at December 31, 2019 $ (1.3 ) $ (17.9 ) $ (133.9 ) $ (153.1 ) Other comprehensive loss, net of tax, before reclassifications — (25.6 ) — (25.6 ) Amounts reclassified from accumulated other comprehensive loss, net of tax benefit of $-, $0.5, $0.4, and $0.9 — 1.0 1.4 2.4 Less: noncontrolling interest — (0.3 ) — (0.3 ) Other comprehensive income (loss) — (24.9 ) 1.4 (23.5 ) Balances at March 31, 2020 $ (1.3 ) $ (42.8 ) $ (132.5 ) $ (176.6 )

Common Stock and Stock-Based _3

Common Stock and Stock-Based Compensation Stock Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Activity [Table Text Block]	The following table summarizes stock-based compensation awards granted during the three months ended March 31, 2020 : Number of Shares Granted Weighted Average Grant-Date Fair Value per Award Stock options 300,000 $ 5.26 Restricted stock units 119,012 $ 21.26 The fair value of the stock options granted was estimated at the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions: Three Months Ended March 31, 2020 Exercise price $ 21.61 Risk-free interest rate 1.48 % Expected life (in years) 6.50 Equity volatility 35.0 % Dividend yield 3.42 %

Common Stock and Stock-Based _4

Common Stock and Stock-Based Compensation Share Repurchases (Tables)	3 Months Ended
	Mar. 31, 2020
Share-based Payment Arrangement [Abstract]
Share Repurchases [Table Text Block]	Share repurchase activity under the current program is as follows: Shares Repurchased Remaining Authorization to Repurchase Period Number of shares Cost (in millions) Cost (in millions) March 7, 2019 Authorization $ 350.0 March 7, 2019 through March 31, 2019 866,715 $ 19.0 $ 331.0 April 1, 2019 through June 30, 2019 2,133,116 44.0 $ 287.0 July 1, 2019 through September 30, 2019 5,171,489 100.9 $ 186.1 October 1, 2019 through December 31, 2019 2,933,474 60.8 $ 125.3 January 1, 2020 through March 31, 2020 1,850,000 35.4 $ 89.9 Total 12,954,794 $ 260.1

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Computation of basic and diluted net income attributable to Trinity Industries, Inc.	The computation of basic and diluted net income attributable to Trinity Industries, Inc. is as follows. Three Months Ended March 31, 2020 2019 (in millions, except per share amounts) Income from continuing operations $ 162.5 $ 31.2 Less: Net (income) loss attributable to noncontrolling interest (0.6 ) 0.5 Unvested restricted share participation — continuing operations (1.9 ) (0.5 ) Net income from continuing operations attributable to Trinity Industries, Inc. 160.0 31.2 Net loss from discontinued operations, net of income taxes (0.2 ) (1.1 ) Unvested restricted share participation — discontinued operations — — Net loss from discontinued operations attributable to Trinity Industries, Inc. (0.2 ) (1.1 ) Net income attributable to Trinity Industries, Inc., including the effect of unvested restricted share participation $ 159.8 $ 30.1 Basic weighted average shares outstanding 118.0 130.4 Effect of dilutive securities: Nonparticipating unvested RSUs and RSAs 1.9 1.8 Diluted weighted average shares outstanding 119.9 132.2 Basic earnings per common share: Income from continuing operations $ 1.36 $ 0.24 Income (loss) from discontinued operations — (0.01 ) Basic net income attributable to Trinity Industries, Inc. $ 1.36 $ 0.23 Diluted earnings per common share: Income from continuing operations $ 1.33 $ 0.24 Income (loss) from discontinued operations — (0.01 ) Diluted net income attributable to Trinity Industries, Inc. $ 1.33 $ 0.23

Financial Statements for Guar_2

Financial Statements for Guarantors of the Senior Notes (Tables)	3 Months Ended
	Mar. 31, 2020
Financial Statements for Guarantors of the Senior Notes [Abstract]
Statement of Operations and Comprehensive Income	Condensed Consolidating Statement of Operations and Comprehensive Income Three Months Ended March 31, 2020 Parent Combined Combined Eliminations Consolidated (in millions) Revenues $ — $ 398.9 $ 264.2 $ (47.9 ) $ 615.2 Cost of revenues 1.5 330.8 206.7 (57.0 ) 482.0 Selling, engineering, and administrative expenses 24.1 24.5 15.7 — 64.3 Gains on dispositions of property 0.1 2.3 7.2 — 9.6 Restructuring activities, net 6.4 2.2 (3.1 ) — 5.5 31.9 355.2 212.1 (57.0 ) 542.2 Operating profit (loss) (31.9 ) 43.7 52.1 9.1 73.0 Other (income) expense 0.4 11.6 46.3 (0.2 ) 58.1 Equity in earnings of subsidiaries, net of taxes 54.9 8.5 4.8 (68.2 ) — Income from continuing operations before income taxes 22.6 40.6 10.6 (58.9 ) 14.9 Provision (benefit) for income taxes (139.3 ) (0.1 ) 1.2 (9.4 ) (147.6 ) Income from continuing operations 161.9 40.7 9.4 (49.5 ) 162.5 Loss from discontinued operations, net of income taxes (0.2 ) — — — (0.2 ) Net income 161.7 40.7 9.4 (49.5 ) 162.3 Net income attributable to noncontrolling interest — — — 0.6 0.6 Net income attributable to controlling interest $ 161.7 $ 40.7 $ 9.4 $ (50.1 ) $ 161.7 Net income $ 161.7 $ 40.7 $ 9.4 $ (49.5 ) $ 162.3 Other comprehensive income (loss) 1.4 — (24.6 ) — (23.2 ) Comprehensive income 163.1 40.7 (15.2 ) (49.5 ) 139.1 Comprehensive loss attributable to noncontrolling interest — — — 0.9 0.9 Comprehensive income attributable to controlling interest $ 163.1 $ 40.7 $ (15.2 ) $ (50.4 ) $ 138.2 Condensed Consolidating Statement of Operations and Comprehensive Income Three Months Ended March 31, 2019 Parent Combined Combined Eliminations Consolidated (in millions) Revenues $ — $ 409.5 $ 261.0 $ (65.7 ) $ 604.8 Cost of revenues 0.9 343.5 194.0 (75.0 ) 463.4 Selling, engineering, and administrative expenses 20.7 26.2 12.7 — 59.6 Gains on dispositions of property — 1.7 8.3 — 10.0 21.6 368.0 198.4 (75.0 ) 513.0 Operating profit (loss) (21.6 ) 41.5 62.6 9.3 91.8 Other (income) expense 4.7 1.5 45.5 — 51.7 Equity in earnings of subsidiaries, net of taxes 54.2 15.4 5.0 (74.6 ) — Income from continuing operations before income taxes 27.9 55.4 22.1 (65.3 ) 40.1 Provision (benefit) for income taxes (3.6 ) 12.7 1.2 (1.4 ) 8.9 Income from continuing operations 31.5 42.7 20.9 (63.9 ) 31.2 Loss from discontinued operations, net of income taxes (0.9 ) — (0.2 ) — (1.1 ) Net income 30.6 42.7 20.7 (63.9 ) 30.1 Net loss attributable to noncontrolling interest — — — (0.5 ) (0.5 ) Net income attributable to controlling interest $ 30.6 $ 42.7 $ 20.7 $ (63.4 ) $ 30.6 Net income $ 30.6 $ 42.7 $ 20.7 $ (63.9 ) $ 30.1 Other comprehensive income (loss) 0.8 — (4.6 ) — (3.8 ) Comprehensive income 31.4 42.7 16.1 (63.9 ) 26.3 Comprehensive loss attributable to noncontrolling interest — — — (0.2 ) (0.2 ) Comprehensive income attributable to controlling interest $ 31.4 $ 42.7 $ 16.1 $ (63.7 ) $ 26.5
Balance Sheet	Condensed Consolidating Balance Sheet March 31, 2020 Parent Combined Combined Eliminations Consolidated (in millions) Assets: Cash and cash equivalents $ 199.7 $ 5.6 $ 27.3 $ (19.4 ) $ 213.2 Receivables, net of allowance 0.7 211.2 85.9 — 297.8 Income tax receivable 389.0 — 0.1 — 389.1 Inventory — 405.2 36.8 — 442.0 Property, plant, and equipment, net 31.3 1,459.4 6,433.2 (805.2 ) 7,118.7 Investments in and advances to subsidiaries 4,611.6 3,202.2 318.3 (8,132.1 ) — Restricted cash — — 76.9 19.4 96.3 Goodwill and other assets 148.6 230.2 68.3 (1.3 ) 445.8 $ 5,380.9 $ 5,513.8 $ 7,046.8 $ (8,938.6 ) $ 9,002.9 Liabilities: Accounts payable $ 13.3 $ 116.7 $ 78.6 $ (0.1 ) $ 208.5 Accrued liabilities 160.5 29.6 159.6 (1.2 ) 348.5 Debt 527.9 — 4,342.3 — 4,870.2 Deferred income taxes 126.7 898.0 (8.7 ) 0.1 1,016.1 Advances from subsidiaries 2,033.5 — — (2,033.5 ) — Other liabilities 52.9 39.6 1.0 — 93.5 Total stockholders' equity 2,466.1 4,429.9 2,474.0 (6,903.9 ) 2,466.1 $ 5,380.9 $ 5,513.8 $ 7,046.8 $ (8,938.6 ) $ 9,002.9 Condensed Consolidating Balance Sheet December 31, 2019 Parent Combined Combined Eliminations Consolidated (in millions) Assets: Cash and cash equivalents $ 155.1 $ 0.1 $ 36.3 $ (25.3 ) $ 166.2 Receivables, net of allowance 1.3 185.7 74.0 (0.9 ) 260.1 Income tax receivable 14.6 — 0.1 — 14.7 Inventory — 398.8 34.7 (0.1 ) 433.4 Property, plant, and equipment, net 37.8 1,320.7 6,595.8 (843.7 ) 7,110.6 Investments in and advances to subsidiaries 4,600.0 3,136.2 347.0 (8,083.2 ) — Restricted cash — — 86.1 25.3 111.4 Goodwill and other assets 190.9 394.4 58.6 (38.9 ) 605.0 $ 4,999.7 $ 5,435.9 $ 7,232.6 $ (8,966.8 ) $ 8,701.4 Liabilities: Accounts payable $ 5.3 $ 109.1 $ 90.6 $ (1.1 ) $ 203.9 Accrued liabilities 166.7 23.2 152.9 (0.7 ) 342.1 Debt 522.8 — 4,359.1 — 4,881.9 Deferred income taxes — 844.6 (8.2 ) (38.1 ) 798.3 Advances from subsidiaries 1,871.8 — — (1,871.8 ) — Other liabilities 54.2 40.9 1.2 — 96.3 Total stockholders' equity 2,378.9 4,418.1 2,637.0 (7,055.1 ) 2,378.9 $ 4,999.7 $ 5,435.9 $ 7,232.6 $ (8,966.8 ) $ 8,701.4
Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2020 Parent Combined Combined Eliminations Consolidated (in millions) Operating activities: Net income $ 161.7 $ 40.7 $ 9.4 $ (49.5 ) $ 162.3 Loss from discontinued operations 0.2 — — — 0.2 Equity in earnings of subsidiaries, net of taxes (54.9 ) (8.5 ) (4.8 ) 68.2 — Other (199.6 ) 210.7 5.1 (4.9 ) 11.3 Net cash provided by (used in) operating activities – continuing operations (92.6 ) 242.9 9.7 13.8 173.8 Net cash used in operating activities – discontinued operations (0.2 ) — — — (0.2 ) Net cash provided by (used in) operating activities (92.8 ) 242.9 9.7 13.8 173.6 Investing activities: Proceeds from railcar lease fleet sales owned more than one year — 278.1 359.5 (569.1 ) 68.5 Proceeds from dispositions of property and other assets — 0.5 9.3 — 9.8 Capital expenditures – leasing — (442.2 ) (256.1 ) 569.1 (129.2 ) Capital expenditures – manufacturing and other (0.6 ) (7.2 ) (6.2 ) — (14.0 ) Other — — 0.3 — 0.3 Net cash (used in) provided by investing activities (0.6 ) (170.8 ) 106.8 — (64.6 ) Financing activities: Payments to retire debt (175.0 ) — (296.4 ) — (471.4 ) Proceeds from issuance of debt 180.0 — 272.4 — 452.4 Shares repurchased (35.4 ) — — — (35.4 ) Dividends paid to common shareholders (22.7 ) — — — (22.7 ) Change in intercompany financing between entities 191.1 (66.6 ) (110.7 ) (13.8 ) — Net cash (used in) provided by financing activities 138.0 (66.6 ) (134.7 ) (13.8 ) (77.1 ) Net decrease in cash, cash equivalents, and restricted cash 44.6 5.5 (18.2 ) — 31.9 Cash, cash equivalents, and restricted cash at beginning of period 155.1 0.1 122.4 — 277.6 Cash, cash equivalents, and restricted cash at end of period $ 199.7 $ 5.6 $ 104.2 $ — $ 309.5 Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2019 Parent Combined Combined Eliminations Consolidated (in millions) Operating activities: Net income $ 30.6 $ 42.7 $ 20.7 $ (63.9 ) $ 30.1 Loss from discontinued operations 0.9 — 0.2 — 1.1 Equity in earnings of subsidiaries, net of taxes (54.2 ) (15.4 ) (5.0 ) 74.6 — Other (23.3 ) (184.8 ) 58.7 (6.6 ) (156.0 ) Net cash (used in) provided by operating activities – continuing operations (46.0 ) (157.5 ) 74.6 4.1 (124.8 ) Net cash used in operating activities – discontinued operations (0.9 ) — (0.2 ) — (1.1 ) Net cash (used in) provided by operating activities (46.9 ) (157.5 ) 74.4 4.1 (125.9 ) Investing activities: Proceeds from railcar lease fleet sales owned more than one year — 0.4 29.0 — 29.4 Proceeds from dispositions of property and other assets — — 7.3 — 7.3 Capital expenditures – leasing — (448.0 ) (17.0 ) — (465.0 ) Capital expenditures – manufacturing and other (0.6 ) (7.3 ) (3.6 ) — (11.5 ) (Increase) decrease in investment in partially-owned subsidiaries — 0.3 — (0.3 ) — Other — — 1.3 — 1.3 Net cash (used in) provided by investing activities (0.6 ) (454.6 ) 17.0 (0.3 ) (438.5 ) Financing activities: Payments to retire debt (150.0 ) — (64.8 ) — (214.8 ) Proceeds from issuance of debt 400.0 — 249.7 — 649.7 Shares repurchased (25.0 ) — 10.0 — (15.0 ) Dividends paid to common shareholders (17.3 ) — — — (17.3 ) Purchase of shares to satisfy employee tax on vested stock (0.5 ) — — — (0.5 ) Distributions to noncontrolling interest — — (0.4 ) — (0.4 ) Distributions to controlling interest in partially-owned subsidiaries — — 0.3 (0.3 ) — Change in intercompany financing between entities (251.4 ) 610.9 (356.0 ) (3.5 ) — Net cash (used in) provided by financing activities (44.2 ) 610.9 (161.2 ) (3.8 ) 401.7 Net decrease in cash, cash equivalents, and restricted cash (91.7 ) (1.2 ) (69.8 ) — (162.7 ) Cash, cash equivalents, and restricted cash at beginning of period 154.7 4.1 192.0 — 350.8 Cash, cash equivalents, and restricted cash at end of period $ 63.0 $ 2.9 $ 122.2 $ — $ 188.1

Summary of Significant Accoun_4

Summary of Significant Accounting Policies Revenue Recognition and Remaining performance obligation (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Contract Receivable	$ 9.3	$ 5.2
Rail Group | Railcars
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 1,557.8
Revenue, remaining performance obligation expected to be delivered in current year	53.00%
Rail Group | Railcars | External Customers
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 976.1
Rail Group | Railcars | Leasing
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	581.7
Rail Group | Maintenance services
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 20
Revenue, remaining performance obligation expected to be delivered in current year	92.00%
Railcar Leasing and Management Services Group
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Amount	$ 102.4
Revenue, remaining performance obligation expected to be delivered in current year	12.00%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies Lessee Accounting (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Renewal Term	5 years
Lessee, Operating Lease, Termination Option Term	1 year
Finance Lease, Principal Payments	$ 0
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year	10.8
Lessee, Operating Lease, Liability, Payments, Due Year Two	11.5
Lessee, Operating Lease, Liability, Payments, Due Year Three	10.6
Lessee, Operating Lease, Liability, Payments, Due Year Four	8.4
Lessee, Operating Lease, Liability, Payments, Due Year Five	4
Lessee, Operating Lease, Liability, Payments, Due after Year Five	4.7
Lessee, Operating Lease, Liability, Payments, Due	50
Lessee, Operating Lease, Lease not yet commenced, Amount	77.9
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(6.6)
Operating Leases, Rent Expense	3.9	$ 5.2
Short-term Lease, Cost	0.2	1.4
Operating Lease, Right-of-Use Asset	42.6	44.2
Operating Lease, Liability, Noncurrent	$ 43.4	$ 44.8
Operating Lease, Weighted Average Remaining Lease Term	4 years 7 months 6 days	4 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	4.10%	4.10%
Operating Lease, Payments	$ 3.9	$ 5.2
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 2.1	$ 0
Minimum
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Term of Contract	40 years
Railcar Leasing and Management Services Group [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year	$ 7.8
Lessee, Operating Lease, Liability, Payments, Due Year Two	8.5
Lessee, Operating Lease, Liability, Payments, Due Year Three	7.8
Lessee, Operating Lease, Liability, Payments, Due Year Four	5.9
Lessee, Operating Lease, Liability, Payments, Due Year Five	2.7
Lessee, Operating Lease, Liability, Payments, Due after Year Five	1.8
Lessee, Operating Lease, Liability, Payments, Due	34.5
Consolidated Subsidiaries, Excluding Leasing [Member]
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year	3
Lessee, Operating Lease, Liability, Payments, Due Year Two	3
Lessee, Operating Lease, Liability, Payments, Due Year Three	2.8
Lessee, Operating Lease, Liability, Payments, Due Year Four	2.5
Lessee, Operating Lease, Liability, Payments, Due Year Five	1.3
Lessee, Operating Lease, Liability, Payments, Due after Year Five	2.9
Lessee, Operating Lease, Liability, Payments, Due	$ 15.5

Summary of Significant Accoun_6

Summary of Significant Accounting Policies Lessor Accounting (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2018
Lessor, Lease, Description [Line Items]
Lessor, Operating Lease, Renewal Term	5 years
Lessor, Operating Lease, Termination Option Term	1 year
Sales-type Lease, Revenue	$ 0
Direct Financing Lease, Revenue	0
Operating Lease, Lease Income, Lease Payments	172.2	$ 179.2
Operating Lease, Variable Lease Income	12.6	10.8
Sales-type Lease, Interest Income	1.7	$ 0
Railcar Leasing and Management Services Group [Member]
Lessor, Lease, Description [Line Items]
Operating Leases, Future Minimum Payments Receivable, Remainder of Fiscal Year	446.5
Operating Leases, Future Minimum Payments Receivable, in Two Years	482.1
Operating Leases, Future Minimum Payments Receivable, in Three Years	376.3
Operating Leases, Future Minimum Payments Receivable, in Four Years	268.8
Operating Leases, Future Minimum Payments Receivable, in Five Years	183.7
Operating Leases, Future Minimum Payments Receivable, Thereafter	330.8
Operating Leases, Future Minimum Payments Receivable	$ 2,088.2
Minimum | Railcar Leasing and Management Services Group [Member]
Lessor, Lease, Description [Line Items]
Lessor, Operating Lease, Term of Contract	1 year
Maximum | Railcar Leasing and Management Services Group [Member]
Lessor, Lease, Description [Line Items]
Lessor, Operating Lease, Term of Contract	10 years		20 years

Summary of Significant Accoun_7

Summary of Significant Accounting Policies Receivables (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Credit Loss [Abstract]
Accounts Receivable, Credit Loss Expense (Reversal)	$ 1.2
Accounts Receivable, Allowance for Credit Loss	$ 6.7

Summary of Significant Accoun_8

Summary of Significant Accounting Policies Property, Plant, and Equipment (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Change in Accounting Estimate [Line Items]
Depreciation and amortization	$ 66.9	$ 67.5
Earnings Per Share, Basic	$ 1.36	$ 0.23
Earnings Per Share, Diluted	$ 1.33	$ 0.23
Service Life [Member]
Change in Accounting Estimate [Line Items]
Depreciation and amortization	$ 7.7
Depreciation, Amortization and Accretion, Net	$ 5.9
Earnings Per Share, Basic	$ 0.05
Earnings Per Share, Diluted	$ 0.05

Summary of Significant Accoun_9

Summary of Significant Accounting Policies Goodwill (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 208.8	$ 208.8

Summary of Significant Accou_10

Summary of Significant Accounting Policies Warranties (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Product Warranty Liability [Line Items]
Standard Product Warranty Accrual	$ 7.7	$ 7.1	$ 8.1	$ 7.4
Standard Product Warranty Accrual, Decrease for Payments	(0.9)	(0.9)
Standard Product Warranty Accrual, Period Increase (Decrease)	0.6	0.7
Standard Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties	$ (0.1)	$ (0.1)
Minimum
Product Warranty Liability [Line Items]
Product Warranty Period	1 year
Maximum
Product Warranty Liability [Line Items]
Product Warranty Period	5 years

Summary of Significant Accou_11

Summary of Significant Accounting Policies Recent Accounting Pronouncement (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Recent Accounting Pronouncements [Abstract]
Cumulative Effect on Retained Earnings, before Tax	$ 0.7
Cumulative Effect on Retained Earnings, Net of Tax	$ 0.5	$ 13.7

Derivative Instruments and Fa_5

Derivative Instruments and Fair Value Accounting Derivative Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 2,466.1	$ 2,378.9	$ 2,565.1	$ 2,562
Designated as Hedging Instrument [Member] | Interest Rate Swap, Expired, 2018 Secured Railcar Equipment Notes [Domain]
Derivative [Line Items]
Derivative, Notional Amount	$ 249.3
Derivative, Average Fixed Interest Rate	4.41%
Derivative Liability	$ 0
Designated as Hedging Instrument [Member] | Interest Rate Swap, Expired, TRIP Holdings Warehouse Loan [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 788.5
Derivative, Average Fixed Interest Rate	3.60%
Derivative Liability	$ 0
Designated as Hedging Instrument [Member] | Interest Rate Swap, Expired, TRIP Master Funding Secured Railcar Equipment Notes [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 34.8
Derivative, Average Fixed Interest Rate	2.62%
Derivative Liability	$ 0
Designated as Hedging Instrument [Member] | Interest Rate Cap [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 169.3
Derivative, Cap Interest Rate	3.00%
Derivative Liability	$ 0
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 563.6
Derivative, Average Fixed Interest Rate	2.68%
Derivative Liability	$ (51.5)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap, Expired, 2018 Secured Railcar Equipment Notes [Domain]
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap, Expired, TRIP Holdings Warehouse Loan [Member]
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	2
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap, Expired, TRIP Master Funding Secured Railcar Equipment Notes [Member]
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	0.1
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Designated as Hedging Instrument [Member] | Interest Rate Cap [Member]
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	(0.6)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	51.1
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Noncontrolling Interest [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap, Expired, 2018 Secured Railcar Equipment Notes [Domain]
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	0
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Noncontrolling Interest [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap, Expired, TRIP Holdings Warehouse Loan [Member]
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	2.7
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Noncontrolling Interest [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap, Expired, TRIP Master Funding Secured Railcar Equipment Notes [Member]
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	0.1
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Noncontrolling Interest [Member] | Designated as Hedging Instrument [Member] | Interest Rate Cap [Member]
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	0
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Noncontrolling Interest [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 0

Derivative Instruments and Fa_6

Derivative Instruments and Fair Value Accounting Derivative Effect on Interest (Details) - Interest Expense [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest Rate Swap, Expired, 2006 Secured Railcar Equipment Notes [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	$ 0.1	$ 0
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	0
Interest Rate Swap, Expired, 2018 Secured Railcar Equipment Notes [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(0.1)	(0.1)
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	0.2
Interest Rate Swap, Expired, TRIP Holdings Warehouse Loan [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(0.5)	(0.5)
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	2
Interest Rate Swap, Expired, TRIP Master Funding Secured Railcar Equipment Notes [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(0.1)	(0.1)
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	0.1
Interest Rate Cap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	0
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	(0.1)
Interest Rate Swap [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(1.7)	$ (0.6)
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	$ 6.8

Derivative Instruments and Fa_7

Derivative Instruments and Fair Value Accounting FX Hedge (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Foreign Currency Fair Value Hedge Derivative [Line Items]
Total stockholders' equity	$ 2,466.1	$ 2,378.9	$ 2,565.1	$ 2,562
Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]
Foreign Currency Fair Value Hedge Derivative [Line Items]
Derivative, Notional Amount	35
Derivative Asset	(6.7)
Foreign Exchange Contract [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Designated as Hedging Instrument [Member]
Foreign Currency Fair Value Hedge Derivative [Line Items]
Total stockholders' equity	7.6
Foreign Exchange Contract [Member] | Interest Expense [Member] | Designated as Hedging Instrument [Member]
Foreign Currency Fair Value Hedge Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(0.8)
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	$ 7.6

Derivative Instruments and Fa_8

Derivative Instruments and Fair Value Accounting - Assets and liabilities Measured at fair value on recurring basis (Details) - Fair value measurements, recurring - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Level 1
Assets:
Cash equivalents	$ 104.4	$ 57.9
Restricted cash	96.3	111.4
Level 1 | Other assets
Assets:
Assets, Fair Value Disclosure	200.7	169.3
Fair Value, Inputs, Level 2 [Member]
Assets:
Assets, Fair Value Disclosure	0	1.2
Fair Value, Inputs, Level 2 [Member] | Other assets
Assets:
Foreign Currency Contract, Asset, Fair Value Disclosure	0	1.2
Liabilities [Abstract]
Foreign Currency Contracts, Liability, Fair Value Disclosure	6.7	0
Fair Value, Inputs, Level 2 [Member] | Accrued Liabilities [Member]
Liabilities [Abstract]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	58.2	28
Level 3
Assets:
Assets, Fair Value Disclosure	0
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member] | Accrued Liabilities [Member]
Liabilities [Abstract]
Derivative Liability	$ 51.5	$ 28

Segment Information - Financial

Segment Information - Financial information for segments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
External Revenue	$ 615.2	$ 604.8
Total revenues	615.2	604.8
Operating Profit (Loss)	73	91.8
Restructuring Charges	5.5	0
Other Nonoperating Expense	58.1	51.7
Provision (benefit) for income taxes	(147.6)	8.9
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(0.2)	(1.1)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	162.3	30.1
Intersegment
Segment Reporting Information [Line Items]
Intersegment Revenues	0	0
Intersegment | Eliminations – Lease subsidiary
Segment Reporting Information [Line Items]
Intersegment Revenues	(190.4)	(270.1)
Total revenues	(190.4)	(270.1)
Operating Profit (Loss)	(19.9)	(27.2)
Intersegment | Eliminations – Other
Segment Reporting Information [Line Items]
Intersegment Revenues	(3.5)	(15.5)
Total revenues	(3.5)	(15.5)
Operating Profit (Loss)	(0.8)	(0.4)
Total
Segment Reporting Information [Line Items]
Total revenues	615.2	604.8
Rail Group
Segment Reporting Information [Line Items]
External Revenue	317.2	345.6
Rail Group | Intersegment
Segment Reporting Information [Line Items]
Intersegment Revenues	192.2	282.3
Rail Group | Total
Segment Reporting Information [Line Items]
Total revenues	509.4	627.9
Operating Profit (Loss)	25.1	47.1
Restructuring Charges	2.6
Railcar Leasing and Management Services Group
Segment Reporting Information [Line Items]
External Revenue	236.1	200.2
Railcar Leasing and Management Services Group | Intersegment
Segment Reporting Information [Line Items]
Intersegment Revenues	0.2	0.2
Railcar Leasing and Management Services Group | Total
Segment Reporting Information [Line Items]
Total revenues	236.3	200.4
Operating Profit (Loss)	92.9	85.8
Restructuring Charges	0
All Other
Segment Reporting Information [Line Items]
External Revenue	61.9	59
All Other | Intersegment
Segment Reporting Information [Line Items]
Intersegment Revenues	1.5	3.1
All Other | Total
Segment Reporting Information [Line Items]
Total revenues	63.4	62.1
Operating Profit (Loss)	9.3	10.1
Restructuring Charges	(3.7)
Total | Total
Segment Reporting Information [Line Items]
Operating Profit (Loss)	127.3	143
Corporate | Total
Segment Reporting Information [Line Items]
Total revenues	0	0
Operating Profit (Loss)	(28.1)	$ (23.6)
Restructuring Charges	$ 6.6

Segment Information - Narrative

Segment Information - Narrative (Details)	3 Months Ended
	Mar. 31, 2020segment
Segment Reporting [Abstract]
Number of principal business segments of Company	3

Partially-Owned Leasing Subsi_2

Partially-Owned Leasing Subsidiaries - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)board_membersubsidiary
Partially-owned subsidiaries
Noncontrolling Interest [Line Items]
Trinity guarantees of subsidiary-related activities | $	$ 0
Railcar Leasing and Management Services Group | Partially-owned subsidiaries
Noncontrolling Interest [Line Items]
Number of subsidiaries | subsidiary	2
Number of board members | board_member	7
Number of TILC designated board members | board_member	2
Partially-owned subsidiaries | Railcar Leasing and Management Services Group
Noncontrolling Interest [Line Items]
Carrying value of investment in partially-owned subsidiaries | $	$ 187.2
Weighted average ownership	38.00%
Weighted average ownership interest by institutional investors	62.00%

Railcar Leasing and Managemen_3

Railcar Leasing and Management Services Group - Selected consolidating financial information for the Leasing Group (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Receivables, net of allowance	$ 297.8	$ 260.1
Property, plant, and equipment, net	7,118.7	7,110.6
Restricted cash	96.3	111.4
Other assets	237	396.2
Assets	9,002.9	8,701.4
Recourse And Non-Recourse Debt And Capital Lease Obligations	4,870.2	4,881.9
Other liabilities	93.5	96.3
Liabilities	6,536.8	6,322.5
Noncontrolling interest	349.7	348.8
Stockholders' Equity Attributable to Parent	2,116.4	2,030.1
Operating Segments | Railcar Leasing and Management Services Group [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	7.3	1.8
Receivables, net of allowance	85	82.6
Property, plant, and equipment, net	7,614.1	7,605.6
Restricted cash	96.3	111.4
Other assets	54.7	211.2
Assets	7,857.4	8,012.6
Accounts Payable and Accrued Liabilities	128	117.3
Recourse And Non-Recourse Debt And Capital Lease Obligations	4,342.3	4,359.1
Deferred Tax Liabilities, Net	913.5	862.8
Other liabilities	82.7	60.7
Liabilities	5,466.5	5,399.9
Noncontrolling interest	349.7	348.8
Stockholders' Equity Attributable to Parent	2,041.2	2,263.9
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Property, plant, and equipment, net	(899.7)	(903.8)
Railcar Leasing and Management Services Group [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	7.3	1.8
Receivables, net of allowance	85	82.6
Property, plant, and equipment, net	6,714.4	6,701.8
Restricted cash	96.3	111.4
Other assets	54.7	211.2
Assets	6,957.7	7,108.8
Accounts Payable and Accrued Liabilities	128	117.3
Recourse And Non-Recourse Debt And Capital Lease Obligations	4,342.3	4,359.1
Deferred Tax Liabilities, Net	710.6	678
Other liabilities	82.7	60.7
Liabilities	5,263.6	5,215.1
Noncontrolling interest	349.7	348.8
Stockholders' Equity Attributable to Parent	1,344.4	1,544.9
Wholly-owned subsidiaries | Operating Segments | Railcar Leasing and Management Services Group [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	7.3	1.8
Receivables, net of allowance	75.7	73.9
Property, plant, and equipment, net	5,837.5	5,818.9
Restricted cash	69	78.4
Other assets	53.4	209.8
Assets	6,042.9	6,182.8
Accounts Payable and Accrued Liabilities	85.6	72.7
Recourse And Non-Recourse Debt And Capital Lease Obligations	3,078.8	3,080.7
Deferred Tax Liabilities, Net	912.4	861.7
Other liabilities	82.7	60.7
Liabilities	4,159.5	4,075.8
Noncontrolling interest	0	0
Stockholders' Equity Attributable to Parent	1,883.4	2,107
Partially-owned subsidiaries
Segment Reporting Information [Line Items]
Restricted cash	27.3	33
Partially-owned subsidiaries | Operating Segments | Railcar Leasing and Management Services Group [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	0	0
Receivables, net of allowance	9.3	8.7
Property, plant, and equipment, net	1,776.6	1,786.7
Restricted cash		33
Other assets	1.3	1.4
Assets	1,814.5	1,829.8
Accounts Payable and Accrued Liabilities	42.4	44.6
Recourse And Non-Recourse Debt And Capital Lease Obligations	1,263.5	1,278.4
Deferred Tax Liabilities, Net	1.1	1.1
Other liabilities	0	0
Liabilities	1,307	1,324.1
Noncontrolling interest	349.7	348.8
Stockholders' Equity Attributable to Parent	157.8	156.9
Consolidated Subsidiaries, Leasing [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Cash and cash equivalents	0	0
Receivables, net of allowance	0	0
Property, plant, and equipment, net	(899.7)	(903.8)
Restricted cash	0	0
Other assets	0	0
Assets	(899.7)	(903.8)
Accounts Payable and Accrued Liabilities	0	0
Recourse And Non-Recourse Debt And Capital Lease Obligations	0	0
Deferred Tax Liabilities, Net	(202.9)	(184.8)
Other liabilities	0	0
Liabilities	(202.9)	(184.8)
Noncontrolling interest	0	0
Stockholders' Equity Attributable to Parent	$ (696.8)	$ (719)

Railcar Leasing and Managemen_4

Railcar Leasing and Management Services Group - Selected consolidating income statement information for the Leasing Group (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Revenues	$ 615.2	$ 604.8
Sales-type Lease, Revenue	0
Operating profit(1):
Total operating profit	73	91.8
Select expense information:
Depreciation (2)	66.9	67.5
Rent	3.9	5.2
Selling, General and Administrative Expense	64.3	59.6
Interest	61.3	52.7
Leasing [Member]
Revenues:
Revenues	236.1	200.2
Select expense information:
Selling, General and Administrative Expense	14.3	12.8
Operating Segments
Revenues:
Revenues	615.2	604.8
Railcar Leasing and Management Services Group | Operating Segments
Revenues:
Revenues	$ 236.3	200.4
Revenues, Percent Change	17.90%
Operating profit(1):
Total operating profit	$ 92.9	$ 85.8
Operating Income (Loss), Percent Change	8.30%
Total operating profit margin	39.30%	42.80%
Select expense information:
Depreciation (2)	$ 53.6	$ 54.4
Depreciation, Depletion, and Amortization, Percent Change	(1.50%)
Maintenance and compliance costs	$ 25.9	27.8
Maintenance Costs, Percent Change	(6.80%)
Rent	$ 3	5.5
Operating Leases, Rent Expense, Percent Change	(45.50%)
Selling, General and Administrative Expense	$ 14.3	12.8
Selling, Engineering, and Administrative Expense, Percent Change	11.70%
Interest	$ 55.1	46
Interest Expense, Percent Change	19.80%
Railcar Leasing and Management Services Group | Operating Segments | Leasing and management
Revenues:
Revenues	$ 192	187.1
Revenues, Percent Change	2.60%
Operating profit(1):
Total operating profit	$ 82.5	$ 77.1
Operating Income (Loss), Percent Change	7.00%
Total operating profit margin	43.00%	41.20%
Railcar Leasing and Management Services Group | Operating Segments | Railcar Owned One Year or Less [Member]
Revenues:
Revenues	$ 44.3	$ 13.3
Revenues, Percent Change	233.10%
Operating profit(1):
Total operating profit	$ 1.7	$ 0.8
Operating Income (Loss), Percent Change	112.50%
Total operating profit margin	3.80%	6.00%
Railcar Leasing and Management Services Group | Operating Segments | Railcar Owned Greater than One Year [Member]
Operating profit(1):
Total operating profit	$ 8.7	$ 7.9
Operating Income (Loss), Percent Change	10.10%
Total operating profit margin	12.70%	26.90%
Service Life [Member]
Select expense information:
Depreciation (2)	$ 7.7

Railcar Leasing and Managemen_5

Railcar Leasing and Management Services Group - Schedule of proceeds from leased railcars (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Property Subject to or Available for Operating Lease [Line Items]
Proceeds from sale leased railcars	$ 112.8	$ 42.7
Sales-type Lease, Revenue	0
Total operating profit	73	91.8
Railcar Leasing and Management Services Group | Railcars owned one year or less at the time of sale (1)
Property Subject to or Available for Operating Lease [Line Items]
Proceeds from sale leased railcars	44.3	13.3
Railcar Leasing and Management Services Group | Railcars owned more than one year at the time of sale
Property Subject to or Available for Operating Lease [Line Items]
Proceeds from sale leased railcars	68.5	29.4
Operating Segments | Railcar Leasing and Management Services Group
Property Subject to or Available for Operating Lease [Line Items]
Total operating profit	$ 92.9	$ 85.8
Operating Profit Margin	39.30%	42.80%
Operating Segments | Railcar Owned One Year or Less [Member] | Railcar Leasing and Management Services Group
Property Subject to or Available for Operating Lease [Line Items]
Total operating profit	$ 1.7	$ 0.8
Operating Profit Margin	3.80%	6.00%
Operating Segments | Railcar Owned Greater than One Year [Member] | Railcar Leasing and Management Services Group
Property Subject to or Available for Operating Lease [Line Items]
Total operating profit	$ 8.7	$ 7.9
Operating Profit Margin	12.70%	26.90%
Operating Segments | Sales of Leased Railcars [Domain] | Railcar Leasing and Management Services Group
Property Subject to or Available for Operating Lease [Line Items]
Total operating profit	$ 10.4	$ 8.7
Operating Profit Margin	9.20%	20.40%

Railcar Leasing and Managemen_6

Railcar Leasing and Management Services Group - Future contractual minimum rental revenues on leases (Details) - Railcar Leasing and Management Services Group $ in Millions	Mar. 31, 2020USD ($)
Future contractual minimum rental revenue
Operating Leases, Future Minimum Payments Receivable, Remainder of Fiscal Year	$ 446.5
Operating Leases, Future Minimum Payments Receivable, in Two Years	482.1
Operating Leases, Future Minimum Payments Receivable, in Three Years	376.3
Operating Leases, Future Minimum Payments Receivable, in Four Years	268.8
Operating Leases, Future Minimum Payments Receivable, in Five Years	183.7
Thereafter	330.8
Total	2,088.2
Railroad Transportation Equipment
Future contractual minimum rental revenue
Operating Leases, Future Minimum Payments Receivable, Remainder of Fiscal Year	440.7
Operating Leases, Future Minimum Payments Receivable, in Two Years	475.9
Operating Leases, Future Minimum Payments Receivable, in Three Years	371.7
Operating Leases, Future Minimum Payments Receivable, in Four Years	266.6
Operating Leases, Future Minimum Payments Receivable, in Five Years	183.2
Thereafter	330.5
Total	$ 2,068.6

Railcar Leasing and Managemen_7

Railcar Leasing and Management Services Group - Future operating lease obligations and future contractual minimum rental revenues (Details) $ in Millions	Mar. 31, 2020USD ($)
Sale Leaseback Transaction [Line Items]
Lessee, Operating Lease, Liability, Payments, Due	$ 50
Railcar Leasing and Management Services Group
Sale Leaseback Transaction [Line Items]
Lessee, Operating Lease, Liability, Payments, Due	34.5
Future operating lease obligations
Minimum Lease Payments, Sale Leaseback Transactions, Remainder of Fiscal Year	7.5
Minimum Lease Payments, Sale Leaseback Transactions, within Two Years	8.2
Minimum Lease Payments, Sale Leaseback Transactions, within Three Years	7.5
Minimum Lease Payments, Sale Leaseback Transactions, within Four Years	5.5
Minimum Lease Payments, Sale Leaseback Transactions, within Five Years	2.3
Thereafter	0.9
Total	31.9
Railcar Leasing and Management Services Group | Operating leases
Future contractual minimum rental revenues
Future Minimum Sublease Rentals, Sale Leaseback Transactions, Remainder of Fiscal Year	5.8
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Two Years	6.2
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Three Years	4.6
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Four Years	2.2
Future Minimum Sublease Rentals, Sale Leaseback Transactions, within Five Years	0.5
Thereafter	0.3
Total	19.6
Building [Member] | Railcar Leasing and Management Services Group
Sale Leaseback Transaction [Line Items]
Lessee, Operating Lease, Liability, Payments, Due	$ 2.6

Railcar Leasing and Managemen_8

Railcar Leasing and Management Services Group - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Minimum
Segment Reporting Information [Line Items]
Lessee, Operating Lease, Term of Contract	1 year
Maximum
Segment Reporting Information [Line Items]
Lessee, Operating Lease, Term of Contract	40 years
Corporate Segment [Member] | Senior Notes [Member]
Segment Reporting Information [Line Items]
Debt Instrument, Unamortized Discount	$ 0.2	$ 0.2
Corporate Segment [Member] | Senior Notes [Member] | 4.55% Senior Notes Due October 2024 [Member]
Segment Reporting Information [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.55%
Railcar Leasing and Management Services Group | Minimum
Segment Reporting Information [Line Items]
Lessor, Operating Lease, Term of Contract	1 year
Railcar Leasing and Management Services Group | Maximum
Segment Reporting Information [Line Items]
Lessor, Operating Lease, Term of Contract	10 years		20 years
Wholly-owned subsidiaries | Railcar Leasing and Management Services Group
Segment Reporting Information [Line Items]
Net book value of unpledged equipment	$ 1,471.2
Wholly-owned subsidiaries | Railcar Leasing and Management Services Group | Non-recourse debt
Segment Reporting Information [Line Items]
Debt Instrument, Collateral Amount	4,347.2
TRIP Holdings | Railcar Leasing and Management Services Group | Non-recourse debt | TRIP Master Funding secured railcar equipment notes
Segment Reporting Information [Line Items]
Debt Instrument, Collateral Amount	1,238.5
TRL 2012 | Railcar Leasing and Management Services Group | Non-recourse debt | TRL 2012 secured railcar equipment notes
Segment Reporting Information [Line Items]
Debt Instrument, Collateral Amount	538.1
Property Lease Guarantee [Member] | Railcar Leasing and Management Services Group
Segment Reporting Information [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 2.8

Property, Plant, and Equipmen_2

Property, Plant, and Equipment - Components of property, plant, and equipment (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Components of property, plant, and equipment
Property, Plant and Equipment, Gross	$ 9,335.7	$ 9,272.5
Less accumulated depreciation	(2,217)	(2,161.9)
Property, plant, and equipment, net	7,118.7	7,110.6
Intersegment Eliminations [Member]
Components of property, plant, and equipment
Property, Plant and Equipment, Gross	(1,138.5)	(1,135.8)
Less accumulated amortization	238.8	232
Property, plant, and equipment, net	(899.7)	(903.8)
Railcar Leasing and Management Services Group [Member] | Operating Segments
Components of property, plant, and equipment
Property, plant, and equipment, net	7,614.1	7,605.6
Manufacturing/ Corporate
Components of property, plant, and equipment
Property, Plant and Equipment, Gross	1,045.5	1,040.4
Less accumulated depreciation	(641.2)	(631.6)
Property, plant, and equipment, net	404.3	408.8
Manufacturing/ Corporate | Land
Components of property, plant, and equipment
Property, Plant and Equipment, Gross	28.6	28.4
Manufacturing/ Corporate | Buildings and improvements
Components of property, plant, and equipment
Property, Plant and Equipment, Gross	400.9	402.2
Manufacturing/ Corporate | Machinery and other
Components of property, plant, and equipment
Property, Plant and Equipment, Gross	544.7	546.7
Manufacturing/ Corporate | Construction in progress
Components of property, plant, and equipment
Property, Plant and Equipment, Gross	71.3	63.1
Wholly-owned subsidiaries | Railcar Leasing and Management Services Group [Member] | Operating Segments
Components of property, plant, and equipment
Property, Plant and Equipment, Gross	7,013.7	6,957.9
Less accumulated depreciation	(1,176.2)	(1,139)
Property, plant, and equipment, net	5,837.5	5,818.9
Wholly-owned subsidiaries | Railcar Leasing and Management Services Group [Member] | Machinery and other | Operating Segments
Components of property, plant, and equipment
Property, Plant and Equipment, Gross	13.7	13.7
Wholly-owned subsidiaries | Railcar Leasing and Management Services Group [Member] | Equipment on lease | Operating Segments
Components of property, plant, and equipment
Property, Plant and Equipment, Gross	7,000	6,944.2
Partially-owned subsidiaries
Components of property, plant, and equipment
Property, Plant and Equipment, Gross	2,069.6	2,065.3
Less accumulated depreciation	(540.5)	(527.7)
Partially-owned subsidiaries | Railcar Leasing and Management Services Group [Member] | Operating Segments
Components of property, plant, and equipment
Property, plant, and equipment, net	1,776.6	1,786.7
Partially-owned subsidiaries | Railcar Leasing and Management Services Group [Member] | Equipment on lease | Operating Segments
Components of property, plant, and equipment
Property, Plant and Equipment, Gross	2,415	2,410
Less accumulated depreciation	$ (638.4)	$ (623.3)

Debt - Components of debt (Deta

Debt - Components of debt (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Debt and Lease Obligation	$ 527.9	$ 522.8
Recourse And Non-Recourse Debt And Capital Lease Obligations	4,870.2	4,881.9
Long-term Debt, Fair Value	4,834.5	5,064.6
Corporate Segment [Member]
Debt Instrument [Line Items]
Long-term Debt, Net of Unamortized Discount, Gross of Unamortized Debt Issuance Costs	529.8	524.8
Unamortized Debt Issuance Expense	1.9	2
Long-term Debt, Fair Value	473	536.7
Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Non-recourse debt	4,342.3	4,359.1
Senior Notes [Member] | Corporate Segment [Member]
Debt Instrument [Line Items]
Long-term Debt, Net of Unamortized Discount, Gross of Unamortized Debt Issuance Costs	399.8	399.8
Long-term Debt, Fair Value	$ 343	411.7
Revolving Credit Facility [Member] | Line of Credit [Member] | Corporate Segment [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	1.50%
Long-term Debt, Net of Unamortized Discount, Gross of Unamortized Debt Issuance Costs	$ 130	125
Long-term Debt, Fair Value	130	125
Partially-Owned Subsidiaries [Member]
Debt Instrument [Line Items]
Non-recourse debt	1,263.5	1,278.4
Partially-Owned Subsidiaries [Member] | Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Non-Recourse Debt, Gross	1,273.9	1,289.3
Non-Recourse Debt, Debt Issuance Costs	10.4	10.9
Non-recourse debt	1,263.5	1,278.4
Long-term Debt, Fair Value	1,246.9	1,358.4
Partially-Owned Subsidiaries [Member] | TRL 2012 Secured Railcar Equipment Notes - RIV 2013 [Member] | Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Non-Recourse Debt, Gross	364	371.4
Long-term Debt, Fair Value	362	374.4
Partially-Owned Subsidiaries [Member] | TRIP Master Funding Secured Railcar Equipment Notes [Member] | Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Non-Recourse Debt, Gross	909.9	917.9
Long-term Debt, Fair Value	884.9	984
Wholly Owned Subsidiaries [Member]
Debt Instrument [Line Items]
Non-recourse debt	3,078.8	3,080.7
Wholly Owned Subsidiaries [Member] | Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Non-Recourse Debt, Gross of Issuance Cost, Net of Discount	3,101	3,104.6
Non-Recourse Debt, Debt Issuance Costs	22.2	23.9
Non-recourse debt	3,078.8	3,080.7
Long-term Debt, Fair Value	$ 3,114.6	3,169.5
Wholly Owned Subsidiaries [Member] | 2006 Secured Railcar Equipment Notes [Member] | Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	5.90%
Non-Recourse Debt, Gross	$ 0	109.3
Long-term Debt, Fair Value	0	114
Wholly Owned Subsidiaries [Member] | 2009 Secured Railcar Equipment Notes [Member] | Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Non-Recourse Debt, Gross	146.2	147.8
Long-term Debt, Fair Value	174.7	168.7
Wholly Owned Subsidiaries [Member] | 2010 Secured Railcar Equipment Notes [Member] | Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Non-Recourse Debt, Gross	246.2	248.5
Long-term Debt, Fair Value	233.9	264.3
Wholly Owned Subsidiaries [Member] | 2017 Secured Railcar Equipment Notes [Member] [Domain] | Promissory Notes [Member] | Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Non-Recourse Debt, Gross	618.8	627.1
Long-term Debt, Fair Value	618.8	627.1
Wholly Owned Subsidiaries [Member] | 2018 Secured Railcar Equipment Notes [Domain] | Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Non-Recourse Debt, Gross of Issuance Cost, Net of Discount	447.2	452.1
Long-term Debt, Fair Value	483.1	466.2
Wholly Owned Subsidiaries [Member] | TRIHC 2018 Secured Railcar Equipment Notes [Member] | Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Non-Recourse Debt, Gross of Issuance Cost, Net of Discount	262.6	265.4
Long-term Debt, Fair Value	261.3	270.9
Wholly Owned Subsidiaries [Member] | 2019 Secured Railcar Equipment Notes [Domain] [Domain] | Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Non-Recourse Debt, Gross of Issuance Cost, Net of Discount	892	901
Long-term Debt, Fair Value	$ 854.8	904.9
TILC [Member] | Revolving Credit Facility [Member] | TILC Warehouse Facility [Member] | Line of Credit [Member] | Railcar Leasing and Management Services Group [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	3.04%
Long-term Line of Credit	$ 488	353.4
Long-term Debt, Fair Value	$ 488	$ 353.4

Debt - Remaining principal paym

Debt - Remaining principal payments under existing debt agreements (Details) $ in Millions	Mar. 31, 2020USD ($)
Remaining principal payments under existing debt agreements
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	$ 142.7
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Two	211.8
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Three	657.1
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Four	323.6
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Five	758.2
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal after Year Five	2,813.2
Long-term Debt, Gross	4,906.6
Corporate
Remaining principal payments under existing debt agreements
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	0
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Two	0
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Three	0
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Four	130
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Five	400
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal after Year Five	0
Long-term Debt, Gross	530
Railcar Leasing and Management Services Group | Secured Debt [Member] | 2009 secured railcar equipment notes
Remaining principal payments under existing debt agreements
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	5
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Two	13.4
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Three	14
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Four	11.7
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Five	14.5
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal after Year Five	87.6
Long-term Debt, Gross	146.2
Railcar Leasing and Management Services Group | Secured Debt [Member] | 2010 secured railcar equipment notes
Remaining principal payments under existing debt agreements
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	12.2
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Two	20
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Three	20.9
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Four	22.4
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Five	18.5
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal after Year Five	152.2
Long-term Debt, Gross	246.2
Railcar Leasing and Management Services Group | Secured Debt [Member] | 2018 secured railcar equipment notes
Remaining principal payments under existing debt agreements
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	15
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Two	20
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Three	20
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Four	20
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Five	20
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal after Year Five	352.4
Long-term Debt, Gross	447.4
Railcar Leasing and Management Services Group | Secured Debt [Member] | TRIHC 2018 Secured Railcar Equipment Notes [Member]
Remaining principal payments under existing debt agreements
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	7.5
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Two	11.8
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Three	9.3
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Four	11.7
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Five	14.7
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal after Year Five	208.7
Long-term Debt, Gross	263.7
Railcar Leasing and Management Services Group | Secured Debt [Member] | 2019 Secured Railcar Equipment Notes [Domain] [Domain]
Remaining principal payments under existing debt agreements
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	27.2
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Two	38
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Three	37
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Four	35.1
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Five	36.8
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal after Year Five	718.3
Long-term Debt, Gross	892.4
Railcar Leasing and Management Services Group | Secured Debt [Member] | TRL 2012 secured railcar equipment notes
Remaining principal payments under existing debt agreements
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	14.5
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Two	19.9
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Three	19.6
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Four	22.5
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Five	28.9
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal after Year Five	258.6
Long-term Debt, Gross	364
Railcar Leasing and Management Services Group | Secured Debt [Member] | TRIP Master Funding secured railcar equipment notes
Remaining principal payments under existing debt agreements
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	25
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Two	40.4
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Three	41.8
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Four	37
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Five	191.6
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal after Year Five	574.1
Long-term Debt, Gross	909.9
Railcar Leasing and Management Services Group | Promissory note | 2017 promissory notes
Remaining principal payments under existing debt agreements
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	24.9
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Two	33.1
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Three	33.1
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Four	33.2
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Five	33.2
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal after Year Five	461.3
Long-term Debt, Gross	618.8
Railcar Leasing and Management Services Group | Line of credit | Revolving credit facility | TILC warehouse facility
Remaining principal payments under existing debt agreements
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	11.4
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Two	15.2
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Three	2.6
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Four	0
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Five	0
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal after Year Five	0
Long-term Debt, Gross	29.2
Railcar Leasing and Management Services Group | Line of credit | Revolving credit facility | Facility termination payments – TILC warehouse facility
Remaining principal payments under existing debt agreements
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year	0
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Two	0
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Three	458.8
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Four	0
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal in Year Five	0
Long-term Debt and Capital Lease Obligations, Maturities, Repayments of Principal after Year Five	0
Long-term Debt, Gross	$ 458.8

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Gain (Loss) on Extinguishment of Debt	$ 5	$ 0
Corporate
Debt Instrument [Line Items]
Long-term Debt, Net of Unamortized Discount, Gross of Unamortized Debt Issuance Costs	529.8		$ 524.8
Corporate | Senior notes
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount	0.2		0.2
Long-term Debt, Net of Unamortized Discount, Gross of Unamortized Debt Issuance Costs	$ 399.8		399.8
Corporate | Senior notes | 4.55% Senior Notes Due October 2024 [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.55%
Corporate | Revolving Credit Facility [Member] | Line of credit
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 200
Proceeds from Lines of Credit	180
Repayments of Lines of Credit	175
Long-term Debt, Net of Unamortized Discount, Gross of Unamortized Debt Issuance Costs	130		125
Line of Credit Facility, Remaining Borrowing Capacity	$ 284.5
Debt Instrument, Interest Rate, Effective Percentage	1.50%
Line of Credit Facility, Current Borrowing Capacity	$ 450
Line of Credit Facility, Interest Rate at Period End	0.20%
Corporate | Letter of credit | Line of credit
Debt Instrument [Line Items]
Letters of Credit Outstanding, Amount	$ 35.5
TILC [Member] | Railcar Leasing and Management Services Group | Revolving Credit Facility [Member] | Line of credit | TILC warehouse facility
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	3.04%
Borrowings on Warehouse Loan Facility	$ 168.6
Repayments on Warehouse Loan Facility	34
Long-term Line of Credit	488		353.4
Debt Instrument, Face Amount	750
Wholly-owned subsidiaries | Railcar Leasing and Management Services Group | 2018 Secured Railcar Equipment Notes [Domain]
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount	0.2		0.2
Wholly-owned subsidiaries | Railcar Leasing and Management Services Group | TRIHC 2018 Secured Railcar Equipment Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount	1.1		1.4
Wholly-owned subsidiaries | Railcar Leasing and Management Services Group | 2019 Secured Railcar Equipment Notes [Domain] [Domain]
Debt Instrument [Line Items]
Debt Instrument, Unamortized Discount	$ 0.4		$ 0.4
Wholly-owned subsidiaries | Railcar Leasing and Management Services Group | 2006 Secured Railcar Equipment Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage	5.90%
Extinguishment of Debt, Amount	$ 104.7
Gain (Loss) on Extinguishment of Debt	5
Redemption Premium	4.7
Amortization of Debt Issuance Costs	0.3
Wholly-owned subsidiaries | Railcar Leasing and Management Services Group | Revolving Credit Facility [Member] | Line of credit | TILC warehouse facility
Debt Instrument [Line Items]
TILC warehouse loan, unused portion	$ 262
Minimum | Corporate | Revolving Credit Facility [Member] | Line of credit
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate at Period End	0.175%
Maximum | Corporate | Revolving Credit Facility [Member] | Line of credit
Debt Instrument [Line Items]
Line of Credit Facility, Interest Rate at Period End	0.30%

Income Taxes Narrative (Details

Income Taxes Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	990.60%	22.20%
Effective Tax Rate Reconciliation, at Federal Statutory Rate without CARES Act, Percent	47.70%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%		35.00%
Tax Adjustments, Settlements, and Unusual Provisions	$ 154.7
Income Taxes Paid, Net	2.3
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	$ 303

Employee Retirement Plans - Com

Employee Retirement Plans - Components of net retirement cost (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Components of Net Retirement Cost
Service cost	$ 0	$ 0
Interest	3.7	4.9
Expected return on plan assets	(5.2)	(5.7)
Amortization of actuarial loss	1.5	1.1
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	0.3	0
Net periodic benefit cost	0.3	0.3
Profit sharing	2.7	2.2
Net expense	$ 3	$ 2.5

Employee Retirement Plans - Nar

Employee Retirement Plans - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (2,466.1)	$ (2,565.1)	$ (2,378.9)	$ (2,562)
Defined Benefit Plan, Expected Future Benefit Payment, Year Two	15
Actual employer contributions to defined benefit plans	0.3	$ 0.2
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	1.1
Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months	155
Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months	185
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Defined Benefit Plan Disclosure [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest			(170.1)
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]
Defined Benefit Plan Disclosure [Line Items]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 132.5		$ (131.2)

Restructuring Activities (Detai

Restructuring Activities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 1		$ 3.4
Severance Costs	4.1
Restructuring and Related Cost, Incurred Cost	4.1
Payments for Restructuring	(6.5)
Impairment of Long-Lived Assets to be Disposed of	5.2	$ 0
Gain (Loss) on Disposition of Assets	(3.8)
Asset Impairment Charges	1.4
Restructuring Charges	5.5	$ 0
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	1
Operating Segments | Railcar Leasing and Management Services Group [Member]
Restructuring Cost and Reserve [Line Items]
Severance Costs	0
Impairment of Long-Lived Assets to be Disposed of	0
Gain (Loss) on Disposition of Assets	0
Restructuring Charges	0
Operating Segments | Rail Group [Member]
Restructuring Cost and Reserve [Line Items]
Severance Costs	2.6
Impairment of Long-Lived Assets to be Disposed of	0
Gain (Loss) on Disposition of Assets	0
Restructuring Charges	2.6
Operating Segments | Other Segments [Member]
Restructuring Cost and Reserve [Line Items]
Severance Costs	0.1
Impairment of Long-Lived Assets to be Disposed of	0
Gain (Loss) on Disposition of Assets	(3.8)
Restructuring Charges	(3.7)
Operating Segments | Corporate, Non-Segment [Member]
Restructuring Cost and Reserve [Line Items]
Severance Costs	1.4
Impairment of Long-Lived Assets to be Disposed of	5.2
Gain (Loss) on Disposition of Assets	0
Restructuring Charges	$ 6.6

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in accumulated other comprehensive loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (176.6)		$ (153.1)
Changes in accumulated other comprehensive loss
Other comprehensive loss, net of tax, before reclassifications	(25.6)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2.4
Less: noncontrolling interest	23.2	$ 3.8
Other comprehensive income (loss)	(23.5)
Ending balance	2,466.1	2,565.1
Reclassification from AOCI, Current Period, Tax	0.9
Currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(1.3)		(1.3)
Changes in accumulated other comprehensive loss
Other comprehensive loss, net of tax, before reclassifications	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0
Other comprehensive income (loss)	0
Reclassification from AOCI, Current Period, Tax	0
Unrealized gain/(loss) on derivative financial instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(42.8)		(17.9)
Changes in accumulated other comprehensive loss
Other comprehensive loss, net of tax, before reclassifications	(25.6)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	1
Other comprehensive income (loss)	(24.9)
Reclassification from AOCI, Current Period, Tax	0.5
Accumulated Gain (Loss), Net, Cash Flow Hedge, Noncontrolling Interest [Member]
Changes in accumulated other comprehensive loss
Less: noncontrolling interest	(0.3)
Net actuarial gains/(losses) of defined benefit plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax			(133.9)
Changes in accumulated other comprehensive loss
Other comprehensive loss, net of tax, before reclassifications	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	1.4
Other comprehensive income (loss)	1.4
Ending balance	(132.5)
Reclassification from AOCI, Current Period, Tax	0.4
Accumulated Other Comprehensive Loss, noncontrolling interest
Changes in accumulated other comprehensive loss
Less: noncontrolling interest	(0.3)	(0.3)
Ending balance	349.7	350.6
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(176.6)		$ (153.1)
Changes in accumulated other comprehensive loss
Less: noncontrolling interest	23.5	4.1
Ending balance	$ (176.6)	$ (120.9)

Common Stock and Stock-Based _5

Common Stock and Stock-Based Compensation Stockholders Equity (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Share Repurchases [Line Items]
Share-based Payment Arrangement, Accelerated Cost					$ 70
Total Shares Repurchased Under Program, Value	$ 260.1
Stock Repurchase Program, Authorized Amount					$ 350
Stock Repurchase Program, Number of Shares Authorized to be Repurchased					13,700,000
Treasury Stock, Shares, Acquired					866,715
Shares repurchased	35.4				$ 19
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 89.9	$ 125.3	$ 186.1	$ 287	$ 331
Total Shares Repurchased Under Program	12,954,794
Additional Paid-in Capital [Member]
Share Repurchases [Line Items]
Treasury Stock, Shares, Acquired					2,600,000
Shares repurchased					$ 70
Treasury Stock [Member]
Share Repurchases [Line Items]
Treasury Stock, Shares, Acquired	1,850,000	2,933,474	5,171,489	2,133,116	3,500,000
Shares repurchased	$ 35.4	$ 60.8	$ 100.9	$ 44	$ 89

Common Stock and Stock-Based _6

Common Stock and Stock-Based Compensation Stock-based Compensation (Details)	3 Months Ended
	Mar. 31, 2020$ / sharesshares
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 21.61
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	300,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 5.26
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	1.48%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	6 years 6 months
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	35.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	3.42%
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	119,012
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 21.26
Restricted Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Minimum | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Maximum | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	4 years

Earnings Per Common Share - EPS

Earnings Per Common Share - EPS calculation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted Average Number of Shares Outstanding, Basic and Diluted	5.5	5.4
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 162.5	$ 31.2
Net Income (Loss) Attributable to Noncontrolling Interest	(0.6)	0.5
Unvested restricted share participation	(1.9)	(0.5)
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic	160	31.2
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(0.2)	(1.1)
Undistributed Discontinued Operation Earnings (Loss), Allocation to Participating Securities, Basic	0	0
Net Income (Loss) from Discontinued Operations Available to Common Shareholders, Basic	(0.2)	(1.1)
Net Income (Loss) Available to Common Stockholders	$ 159.8	$ 30.1
Income (Loss) from Continuing Operations, Per Basic Share	$ 1.36	$ 0.24
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	0	(0.01)
Net income attributable to Trinity Industries, Inc. - basic, EPS (in dollars per share)	1.36	0.23
Income (Loss) from Continuing Operations, Per Diluted Share	1.33	0.24
Income (Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	0	(0.01)
Net income attributable to Trinity Industries, Inc. - diluted, EPS (in dollars per share)	$ 1.33	$ 0.23
Computation of basic and diluted net income attributable to Trinity Industries, Inc
Net income attributable to Trinity Industries, Inc. - basic, Average Shares (in shares)	118	130.4
Effect of dilutive securities:
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	1.9	1.8
Net income attributable to Trinity Industries, Inc. - diluted, Average Shares	119.9	132.2
Restricted Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.1	0.3
Share-based Payment Arrangement, Option [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.1

Contingencies - Narrative (Deta

Contingencies - Narrative (Details) - USD ($) $ in Millions	Jun. 09, 2015	Mar. 31, 2020
Loss Contingencies [Line Items]
Loss Contingency, Receivable		$ 16.5
Accrued liabilities
Loss Contingencies [Line Items]
Loss Contingency Accrual		21
Highway Products Litigation | False Claims Act, USA
Loss Contingencies [Line Items]
Total amount of judgment entered by the District Court	$ 682.4
Highway Products Litigation | State, county, and municipal actions
Loss Contingencies [Line Items]
Loss Contingency Accrual		0
Class Action, Shareholder | Class Action, Shareholder
Loss Contingencies [Line Items]
Loss Contingency Accrual		7.5
Environmental and workplace matters
Loss Contingencies [Line Items]
Loss Contingency Accrual		1.3
Minimum
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss		19.3
Maximum
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss		$ 32.5

Financial Statements for Guar_3

Financial Statements for Guarantors of the Senior Notes - Statement of Operations and Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Condensed Income Statements, Captions [Line Items]
Revenues	$ 615.2	$ 604.8
Cost of revenues	482	463.4
Selling, engineering, and administrative expenses	64.3	59.6
Gains on dispositions of property	9.6	10
Restructuring Charges	5.5	0
Cost of revenues and operating costs	542.2	513
Total operating profit	73	91.8
Other Nonoperating Expense	58.1	51.7
Equity in earnings of subsidiaries, net of taxes	0	0
Income before income taxes	14.9	40.1
Provision (benefit) for income taxes	(147.6)	8.9
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	162.5	31.2
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(0.2)	(1.1)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	162.3	30.1
Net Income (Loss) Attributable to Noncontrolling Interest	0.6	(0.5)
Net Income (Loss) Attributable to Parent	161.7	30.6
Other Comprehensive Income (Loss), Net of Tax	(23.2)	(3.8)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	139.1	26.3
Comprehensive income attributable to noncontrolling interest	0.9	(0.2)
Comprehensive income attributable to Trinity Industries, Inc.	138.2	26.5
Reportable legal entities | Parent
Condensed Income Statements, Captions [Line Items]
Revenues	0	0
Cost of revenues	1.5	0.9
Selling, engineering, and administrative expenses	24.1	20.7
Gains on dispositions of property	0.1	0
Restructuring Charges	6.4
Cost of revenues and operating costs	31.9	21.6
Total operating profit	(31.9)	(21.6)
Other (income) expense	0.4	4.7
Equity in earnings of subsidiaries, net of taxes	54.9	54.2
Income before income taxes	22.6	27.9
Provision (benefit) for income taxes	(139.3)	(3.6)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	161.9	31.5
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(0.2)	(0.9)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	161.7	30.6
Net Income (Loss) Attributable to Noncontrolling Interest	0	0
Net Income (Loss) Attributable to Parent	161.7	30.6
Other Comprehensive Income (Loss), Net of Tax	1.4	0.8
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	163.1	31.4
Comprehensive income attributable to noncontrolling interest	0	0
Comprehensive income attributable to Trinity Industries, Inc.	163.1	31.4
Reportable legal entities | Combined Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenues	398.9	409.5
Cost of revenues	330.8	343.5
Selling, engineering, and administrative expenses	24.5	26.2
Gains on dispositions of property	2.3	1.7
Restructuring Charges	2.2
Cost of revenues and operating costs	355.2	368
Total operating profit	43.7	41.5
Other (income) expense	11.6	1.5
Equity in earnings of subsidiaries, net of taxes	8.5	15.4
Income before income taxes	40.6	55.4
Provision (benefit) for income taxes	(0.1)	12.7
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	40.7	42.7
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	40.7	42.7
Net Income (Loss) Attributable to Noncontrolling Interest	0	0
Net Income (Loss) Attributable to Parent	40.7	42.7
Other Comprehensive Income (Loss), Net of Tax	0	0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	40.7	42.7
Comprehensive income attributable to noncontrolling interest	0	0
Comprehensive income attributable to Trinity Industries, Inc.	40.7	42.7
Reportable legal entities | Combined Non-Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenues	264.2	261
Cost of revenues	206.7	194
Selling, engineering, and administrative expenses	15.7	12.7
Gains on dispositions of property	7.2	8.3
Restructuring Charges	(3.1)
Cost of revenues and operating costs	212.1	198.4
Total operating profit	52.1	62.6
Other (income) expense	46.3	45.5
Equity in earnings of subsidiaries, net of taxes	4.8	5
Income before income taxes	10.6	22.1
Provision (benefit) for income taxes	1.2	1.2
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	9.4	20.9
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	0	(0.2)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	9.4	20.7
Net Income (Loss) Attributable to Noncontrolling Interest	0	0
Net Income (Loss) Attributable to Parent	9.4	20.7
Other Comprehensive Income (Loss), Net of Tax	(24.6)	(4.6)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	(15.2)	16.1
Comprehensive income attributable to noncontrolling interest	0	0
Comprehensive income attributable to Trinity Industries, Inc.	(15.2)	16.1
Eliminations
Condensed Income Statements, Captions [Line Items]
Revenues	(47.9)	(65.7)
Cost of revenues	(57)	(75)
Selling, engineering, and administrative expenses	0	0
Gains on dispositions of property	0	0
Restructuring Charges	0
Cost of revenues and operating costs	(57)	(75)
Total operating profit	9.1	9.3
Other (income) expense	(0.2)	0
Equity in earnings of subsidiaries, net of taxes	(68.2)	(74.6)
Income before income taxes	(58.9)	(65.3)
Provision (benefit) for income taxes	(9.4)	(1.4)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(49.5)	(63.9)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(49.5)	(63.9)
Net Income (Loss) Attributable to Noncontrolling Interest	0.6	(0.5)
Net Income (Loss) Attributable to Parent	(50.1)	(63.4)
Other Comprehensive Income (Loss), Net of Tax	0	0
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	(49.5)	(63.9)
Comprehensive income attributable to noncontrolling interest	0.9	(0.2)
Comprehensive income attributable to Trinity Industries, Inc.	$ (50.4)	$ (63.7)

Financial Statements for Guar_4

Financial Statements for Guarantors of the Senior Notes - Balance Sheet (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Assets:
Cash and cash equivalents	$ 213.2	$ 166.2
Receivables, net of allowance	297.8	260.1
Income tax receivable	389.1	14.7
Inventory	442	433.4
Property, plant, and equipment, net	7,118.7	7,110.6
Investments in and advances to subsidiaries	0	0
Restricted cash	96.3	111.4
Goodwill and other assets	445.8	605
Assets	9,002.9	8,701.4
Liabilities:
Accounts payable	208.5	203.9
Accrued liabilities	348.5	342.1
Debt	4,870.2	4,881.9
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	1,016.1	798.3
Advances from subsidiaries	0	0
Other liabilities	93.5	96.3
Total stockholders' equity	2,466.1	2,378.9	$ 2,565.1	$ 2,562
Total liabilities and stockholders' equity	9,002.9	8,701.4
Reportable legal entities | Parent
Assets:
Cash and cash equivalents	199.7	155.1
Receivables, net of allowance	0.7	1.3
Income tax receivable	389	14.6
Inventory	0	0
Property, plant, and equipment, net	31.3	37.8
Investments in and advances to subsidiaries	4,611.6	4,600
Restricted cash	0	0
Goodwill and other assets	148.6	190.9
Assets	5,380.9	4,999.7
Liabilities:
Accounts payable	13.3	5.3
Accrued liabilities	160.5	166.7
Debt	527.9	522.8
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	126.7	0
Advances from subsidiaries	2,033.5	1,871.8
Other liabilities	52.9	54.2
Total stockholders' equity	2,466.1	2,378.9
Total liabilities and stockholders' equity	5,380.9	4,999.7
Reportable legal entities | Combined Guarantor Subsidiaries
Assets:
Cash and cash equivalents	5.6	0.1
Receivables, net of allowance	211.2	185.7
Income tax receivable	0	0
Inventory	405.2	398.8
Property, plant, and equipment, net	1,459.4	1,320.7
Investments in and advances to subsidiaries	3,202.2	3,136.2
Restricted cash	0	0
Goodwill and other assets	230.2	394.4
Assets	5,513.8	5,435.9
Liabilities:
Accounts payable	116.7	109.1
Accrued liabilities	29.6	23.2
Debt	0	0
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	898	844.6
Advances from subsidiaries	0	0
Other liabilities	39.6	40.9
Total stockholders' equity	4,429.9	4,418.1
Total liabilities and stockholders' equity	5,513.8	5,435.9
Reportable legal entities | Combined Non-Guarantor Subsidiaries
Assets:
Cash and cash equivalents	27.3	36.3
Receivables, net of allowance	85.9	74
Income tax receivable	0.1	0.1
Inventory	36.8	34.7
Property, plant, and equipment, net	6,433.2	6,595.8
Investments in and advances to subsidiaries	318.3	347
Restricted cash	76.9	86.1
Goodwill and other assets	68.3	58.6
Assets	7,046.8	7,232.6
Liabilities:
Accounts payable	78.6	90.6
Accrued liabilities	159.6	152.9
Debt	4,342.3	4,359.1
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	(8.7)	(8.2)
Advances from subsidiaries	0	0
Other liabilities	1	1.2
Total stockholders' equity	2,474	2,637
Total liabilities and stockholders' equity	7,046.8	7,232.6
Eliminations
Assets:
Cash and cash equivalents	(19.4)	(25.3)
Receivables, net of allowance	0	(0.9)
Income tax receivable	0	0
Inventory	0	(0.1)
Property, plant, and equipment, net	(805.2)	(843.7)
Investments in and advances to subsidiaries	(8,132.1)	(8,083.2)
Restricted cash	19.4	25.3
Goodwill and other assets	(1.3)	(38.9)
Assets	(8,938.6)	(8,966.8)
Liabilities:
Accounts payable	(0.1)	(1.1)
Accrued liabilities	(1.2)	(0.7)
Debt	0	0
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	0.1	(38.1)
Advances from subsidiaries	(2,033.5)	(1,871.8)
Other liabilities	0	0
Total stockholders' equity	(6,903.9)	(7,055.1)
Total liabilities and stockholders' equity	$ (8,938.6)	$ (8,966.8)

Financial Statements for Guar_5

Financial Statements for Guarantors of the Senior Notes - Statement of Cash Flows (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 162.3	$ 30.1
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0.2	1.1
Equity in earnings of subsidiaries, net of taxes	0	0
Other	11.3	(156)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	173.8	(124.8)
Cash Provided by (Used in) Operating Activities, Discontinued Operations	(0.2)	(1.1)
Net Cash Provided by (Used in) Operating Activities	173.6	(125.9)
Investing activities:
Proceeds from railcar lease fleet sales owned more than one year	68.5	29.4
Proceeds from dispositions of property and other assets	9.8	7.3
Capital expenditures – leasing	(129.2)	(465)
Capital expenditures – manufacturing and other	(14)	(11.5)
(Increase) decrease in investment in partially-owned subsidiaries		0
Other	0.3	1.3
Net cash (used in) provided by investing activities	(64.6)	(438.5)
Financing activities:
Payments to retire debt	(471.4)	(214.8)
Proceeds from issuance of debt	452.4	649.7
Shares repurchased	(35.4)	(15)
Dividends paid to common shareholders	(22.7)	(17.3)
Purchase of shares to satisfy employee tax on vested stock	0	(0.5)
Distributions to noncontrolling interest	0	(0.4)
Distributions to controlling interest in partially-owned subsidiaries		0
Change in intercompany financing between entities	0	0
Net cash (used in) provided by financing activities	(77.1)	401.7
Net decrease in cash, cash equivalents, and restricted cash	31.9	(162.7)
Cash, cash equivalents, and restricted cash at beginning of period	277.6	350.8
Cash, cash equivalents, and restricted cash at end of period	309.5	188.1
Reportable legal entities | Parent
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	161.7	30.6
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0.2	0.9
Equity in earnings of subsidiaries, net of taxes	(54.9)	(54.2)
Other	(199.6)	(23.3)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	(92.6)	(46)
Cash Provided by (Used in) Operating Activities, Discontinued Operations	(0.2)	(0.9)
Net Cash Provided by (Used in) Operating Activities	(92.8)	(46.9)
Investing activities:
Proceeds from railcar lease fleet sales owned more than one year	0	0
Proceeds from dispositions of property and other assets	0	0
Capital expenditures – leasing	0	0
Capital expenditures – manufacturing and other	(0.6)	(0.6)
(Increase) decrease in investment in partially-owned subsidiaries		0
Other	0	0
Net cash (used in) provided by investing activities	(0.6)	(0.6)
Financing activities:
Payments to retire debt	(175)	(150)
Proceeds from issuance of debt	180	400
Shares repurchased	(35.4)	(25)
Dividends paid to common shareholders	(22.7)	(17.3)
Purchase of shares to satisfy employee tax on vested stock		(0.5)
Distributions to noncontrolling interest		0
Distributions to controlling interest in partially-owned subsidiaries		0
Change in intercompany financing between entities	191.1	(251.4)
Net cash (used in) provided by financing activities	138	(44.2)
Net decrease in cash, cash equivalents, and restricted cash	44.6	(91.7)
Cash, cash equivalents, and restricted cash at beginning of period	155.1	154.7
Cash, cash equivalents, and restricted cash at end of period	199.7	63
Reportable legal entities | Combined Guarantor Subsidiaries
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	40.7	42.7
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	0
Equity in earnings of subsidiaries, net of taxes	(8.5)	(15.4)
Other	210.7	(184.8)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	242.9	(157.5)
Cash Provided by (Used in) Operating Activities, Discontinued Operations	0	0
Net Cash Provided by (Used in) Operating Activities	242.9	(157.5)
Investing activities:
Proceeds from railcar lease fleet sales owned more than one year	278.1	0.4
Proceeds from dispositions of property and other assets	0.5	0
Capital expenditures – leasing	(442.2)	(448)
Capital expenditures – manufacturing and other	(7.2)	(7.3)
(Increase) decrease in investment in partially-owned subsidiaries		0.3
Other	0	0
Net cash (used in) provided by investing activities	(170.8)	(454.6)
Financing activities:
Payments to retire debt	0	0
Proceeds from issuance of debt	0	0
Shares repurchased	0	0
Dividends paid to common shareholders	0	0
Purchase of shares to satisfy employee tax on vested stock		0
Distributions to noncontrolling interest		0
Distributions to controlling interest in partially-owned subsidiaries		0
Change in intercompany financing between entities	(66.6)	610.9
Net cash (used in) provided by financing activities	(66.6)	610.9
Net decrease in cash, cash equivalents, and restricted cash	5.5	(1.2)
Cash, cash equivalents, and restricted cash at beginning of period	0.1	4.1
Cash, cash equivalents, and restricted cash at end of period	5.6	2.9
Reportable legal entities | Combined Non-Guarantor Subsidiaries
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	9.4	20.7
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	0.2
Equity in earnings of subsidiaries, net of taxes	(4.8)	(5)
Other	5.1	58.7
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	9.7	74.6
Cash Provided by (Used in) Operating Activities, Discontinued Operations	0	(0.2)
Net Cash Provided by (Used in) Operating Activities	9.7	74.4
Investing activities:
Proceeds from railcar lease fleet sales owned more than one year	359.5	29
Proceeds from dispositions of property and other assets	9.3	7.3
Capital expenditures – leasing	(256.1)	(17)
Capital expenditures – manufacturing and other	(6.2)	(3.6)
(Increase) decrease in investment in partially-owned subsidiaries		0
Other	0.3	1.3
Net cash (used in) provided by investing activities	106.8	17
Financing activities:
Payments to retire debt	(296.4)	(64.8)
Proceeds from issuance of debt	272.4	249.7
Shares repurchased	0	10
Dividends paid to common shareholders	0	0
Purchase of shares to satisfy employee tax on vested stock		0
Distributions to noncontrolling interest		(0.4)
Distributions to controlling interest in partially-owned subsidiaries		0.3
Change in intercompany financing between entities	(110.7)	(356)
Net cash (used in) provided by financing activities	(134.7)	(161.2)
Net decrease in cash, cash equivalents, and restricted cash	(18.2)	(69.8)
Cash, cash equivalents, and restricted cash at beginning of period	122.4	192
Cash, cash equivalents, and restricted cash at end of period	104.2	122.2
Eliminations
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(49.5)	(63.9)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	0	0
Equity in earnings of subsidiaries, net of taxes	68.2	74.6
Other	(4.9)	(6.6)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	13.8	4.1
Cash Provided by (Used in) Operating Activities, Discontinued Operations	0	0
Net Cash Provided by (Used in) Operating Activities	13.8	4.1
Investing activities:
Proceeds from railcar lease fleet sales owned more than one year	(569.1)	0
Proceeds from dispositions of property and other assets	0	0
Capital expenditures – leasing	569.1	0
Capital expenditures – manufacturing and other	0	0
(Increase) decrease in investment in partially-owned subsidiaries		(0.3)
Other	0	0
Net cash (used in) provided by investing activities	0	(0.3)
Financing activities:
Payments to retire debt	0	0
Proceeds from issuance of debt	0	0
Shares repurchased	0	0
Dividends paid to common shareholders	0	0
Purchase of shares to satisfy employee tax on vested stock		0
Distributions to noncontrolling interest		0
Distributions to controlling interest in partially-owned subsidiaries		(0.3)
Change in intercompany financing between entities	(13.8)	(3.5)
Net cash (used in) provided by financing activities	(13.8)	(3.8)
Net decrease in cash, cash equivalents, and restricted cash	0	0
Cash, cash equivalents, and restricted cash at beginning of period	0	0
Cash, cash equivalents, and restricted cash at end of period	$ 0	$ 0

Financial Statements for Guar_6

Financial Statements for Guarantors of the Senior Notes - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Condensed Financial Statements, Captions [Line Items]
Restricted cash	$ 96.3	$ 111.4
Assets	9,002.9	8,701.4
Combined Non-Guarantor Subsidiaries | Foreign locations
Condensed Financial Statements, Captions [Line Items]
Assets	136.2	136
Combined Non-Guarantor Subsidiaries | Non-recourse debt
Condensed Financial Statements, Captions [Line Items]
Collateral securing debt	6,241.9	6,409.8
Combined Non-Guarantor Subsidiaries | Reportable legal entities
Condensed Financial Statements, Captions [Line Items]
Restricted cash	76.9	86.1
Assets	$ 7,046.8	$ 7,232.6