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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Lease revenue $ 1,127.1 $ 1,130.1 $ 1,086.6
Marine operating revenue 199.3 235.0 286.3
Other revenue 91.9 84.8 78.1
Total Revenues 1,418.3 1,449.9 1,451.0
Expenses      
Maintenance expense 332.3 326.1 337.0
Marine operating expense 129.5 155.9 197.8
Depreciation 297.2 290.5 273.5
Operating lease expense 73.5 87.2 108.7
Other operating expense 43.8 38.4 28.9
Selling, general and administrative 174.7 192.4 189.2
Total Expenses 1,051.0 1,090.5 1,135.1
Other Income (Expense)      
Net gain on asset dispositions 98.0 79.2 87.2
Interest expense, net (148.1) (155.1) (158.4)
Other (expense) income (11.8) (13.2) (13.5)
Income before Income Taxes and Share of Affiliates’ Earnings 305.4 270.3 231.2
Income Taxes (95.7) (110.9) (75.7)
Share of Affiliates’ Earnings (net of tax) 47.4 45.9 49.5
Net Income 257.1 205.3 205.0
Other Comprehensive Income, net of taxes      
Foreign currency translation adjustments 26.0 55.8 79.1
Unrealized gain (loss) on securities (0.3) 0.6 0.1
Unrealized gain (loss) on derivative instruments (0.6) 1.8 (3.0)
Post-retirement benefit plans 12.8 7.8 (29.5)
Other comprehensive income (loss) (12.3) (50.4) (105.7)
Comprehensive Income $ 244.8 $ 154.9 $ 99.3
Share Data      
Basic earnings per share (in dollars per share) $ 6.35 $ 4.76 [1] $ 4.55
Average number of common shares (in shares) 40.5 43.1 45.0
Diluted earnings per share (in dollars per share) $ 6.29 $ 4.69 [1] $ 4.48
Average number of common shares and common share equivalents (in shares) 40.9 43.8 45.8
Dividends declared per common share (in dollars per share) $ 1.60 $ 1.52 $ 1.32
[1] (1)Quarterly earnings per share may not be additive, as per share amounts are computed independently for each quarter and the full year is based on the respective weighted average common shares and common stock equivalents outstanding.(2)In the third quarter of 2016, net income included $30.3 million of income related to the settlement of a residual sharing agreement and $3.9 million of benefit resulting from a reduction in the statutory income tax rate in the UK. In the third quarter of 2015, net income included $26.6 million of net loss related to the exit of marine investments at Portfolio Management.(3)In the fourth quarter of 2016, net income included $19.2 million of impairment losses related to certain railcars at Rail North America and $7.1 million of benefit related to the utilization of foreign tax credits. In the fourth quarter of 2015, net income included $9.0 million of net gain related to the exit of marine investments at Portfolio Management. In addition, net income included $14.1 million of expense attributable to an increase in our effective state income tax rate, $7.7 million of benefit resulting from a reduction in the statutory income tax rate in the UK, and $5.6 million of net expenses associated with an early retirement program offered to certain employees.