XML 19 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Instruments (Tables)
 3 Months Ended
Mar. 31, 2013
Derivative [Line Items]  
Interest rate hedges
Interest rate hedges
 
 
 
 
 
Included in accompanying balance sheet
at March 31, 2013
 
Notional
Amount
 
Interest
Rate(1)
 
Liability
 
AOCL –
loss/
(income)
 
Noncontrolling
Interest
 
(in millions, except %)
Expired hedges:
 
 
 
 
 
 
 
 
 
2006 secured railcar equipment notes
$
200.0

 
4.87
%
 
$
—

 
$
(1.9
)
 
$
—

Promissory notes
$
370.0

 
5.34
%
 
$
—

 
$
6.4

 
$
—

TRIP Holdings warehouse loan
$
788.5

 
3.60
%
 
$
—

 
$
24.1

 
$
8.7

Open hedges:
 
 
 
 
 
 
 
 
 
TRIP Master Funding secured railcar equipment notes
$
75.6

 
2.62
%
 
$
4.4

 
$
3.2

 
$
1.2

Promissory notes
$
435.7

 
4.13
%
 
$
33.3

 
$
31.1

 
$
—

(1) 
Weighted average fixed interest rate
Interest rate hedges
  
Derivative [Line Items]  
Effect on Statements of Operations
 
Effect on interest expense-increase/(decrease)
 
Three Months Ended
March 31,
 
Expected effect during next twelve months(1)
 
2013
 
2012
 
 
(in millions)
Expired hedges:
 
 
 
 
 
2006 secured railcar equipment notes
$
(0.1
)
 
$
(0.1
)
 
$
(0.3
)
Promissory notes
$
0.8

 
$
0.9

 
$
3.1

TRIP Holdings warehouse loan
$
2.0

 
$
1.5

 
$
5.3

Open hedges:
 
 
 
 
 
TRIP Master Funding secured railcar equipment notes
$
0.5

 
$
0.5

 
$
1.7

Promissory notes
$
3.9

 
$
4.2

 
$
16.3

(1)Based on the fair value of open hedges as of March 31, 2013

Fuel derivative instruments
  
Derivative [Line Items]  
Effect on Statements of Operations
Other Derivatives
 
Effect on operating income - increase/(decrease)
 
Three Months Ended
March 31,
 
2013
 
2012
 
(in millions)
Fuel hedges(1)
 
 
 
Effect of mark-to-market valuation
$
0.0

 
$
0.1

Settlements
0.0

 
0.1

 
$
0.0

 
$
0.2

Foreign exchange hedges(2)
$
—

 
$
(0.4
)
(1) 
Included in cost of revenues in the accompanying consolidated statement of operations
(2) 
Included in other, net in the accompanying consolidated statement of operations