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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2020

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 March 31,
	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