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Consolidated Statements of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Lease revenue $ 269.3 $ 272.9 $ 540.0 $ 546.3
Marine operating revenue 3.3 0.1 6.6 2.5
Other revenue 27.9 24.5 53.3 54.0
Total Revenues 300.5 297.5 599.9 602.8
Expenses        
Maintenance expense 82.3 78.2 168.1 159.1
Marine operating expense 3.2 4.0 7.3 8.6
Depreciation 81.6 80.3 162.0 160.2
Operating lease expense 12.5 13.7 25.8 27.4
Other operating expense 9.2 7.8 17.7 15.8
Selling, general and administrative 43.4 43.0 83.8 87.0
Total Expenses 232.2 227.0 464.7 458.1
Other Income (Expense)        
Net gain on asset dispositions 6.0 32.9 33.4 41.8
Interest expense, net (47.4) (45.5) (92.9) (90.6)
Other (expense) income (3.0) (0.4) (11.0) (3.6)
Income before Income Taxes and Share of Affiliates’ Earnings 23.9 57.5 64.7 92.3
Income taxes (4.7) (13.3) (17.8) (21.6)
Share of affiliates’ earnings, net of taxes 17.8 16.1 37.3 30.8
Net Income from Continuing Operations 37.0 60.3 84.2 101.5
Net (loss) income from discontinued operations, net of taxes (1.3) 7.7 (2.2) 8.0
Gain on sale of discontinued operations, net of taxes 3.6 0.0 3.6 0.0
Discontinued Operations, Net of Taxes 2.3 7.7 1.4 8.0
Net income 39.3 68.0 85.6 109.5
Other Comprehensive Income, net of taxes        
Foreign currency translation adjustments 19.0 11.7 (20.6) 1.2
Unrealized (loss) gain on derivative instruments (3.3) 1.1 (4.0) 3.1
Post-retirement benefit plans 3.5 1.5 5.7 4.5
Other comprehensive income (loss) 19.2 14.3 (18.9) 8.8
Comprehensive Income $ 58.5 $ 82.3 $ 66.7 $ 118.3
Share Data        
Basic earnings per share from continuing operations (in dollars per share) $ 1.06 $ 1.68 $ 2.41 $ 2.80
Basic earnings per share from discontinued operations (in dollars per share) 0.06 0.21 0.04 0.22
Basic earnings per share (in dollars per share) $ 1.12 $ 1.89 $ 2.45 $ 3.02
Average number of common shares (in shares) 34.9 36.0 34.9 36.2
Diluted earnings per share from continuing operations (in dollars per share) $ 1.05 $ 1.65 $ 2.38 $ 2.75
Diluted earnings per share from discontinued operations (in dollars per share) 0.06 0.21 0.04 0.22
Diluted earnings per share (in dollars per share) $ 1.11 $ 1.86 $ 2.42 $ 2.97
Average number of common shares and common share equivalents (in shares) 35.4 36.7 35.4 36.9