Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The financial information for these segments is shown in the tables below (in millions). We operate principally in North America.

	Three Months Ended June 30, 2024
	Railcar Leasing and Services Group		Rail Products Group		Eliminations		Consolidated Total
External revenue	$	280.5	$	560.9	$	—	$	841.4
Intersegment revenue	0.9		73.3		(74.2)		—
Total revenues	$	281.4	$	634.2	$	(74.2)	$	841.4

	Three Months Ended June 30, 2023
	Railcar Leasing and Services Group		Rail Products Group		Eliminations		Consolidated Total
External revenue	$	267.8	$	454.6	$	—	$	722.4
Intersegment revenue	0.5		200.8		(201.3)		—
Total revenues	$	268.3	$	655.4	$	(201.3)	$	722.4

	Six Months Ended June 30, 2024
	Railcar Leasing and Services Group		Rail Products Group		Eliminations		Consolidated Total
External revenue	$	564.8	$	1,086.2	$	—	$	1,651.0
Intersegment revenue	1.8		215.4		(217.2)		—
Total revenues	$	566.6	$	1,301.6	$	(217.2)	$	1,651.0

	Six Months Ended June 30, 2023
	Railcar Leasing and Services Group		Rail Products Group		Eliminations		Consolidated Total
External revenue	$	500.5	$	863.6	$	—	$	1,364.1
Intersegment revenue	0.7		379.4		(380.1)		—
Total revenues	$	501.2	$	1,243.0	$	(380.1)	$	1,364.1

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The reconciliation of segment operating profit to consolidated net income is as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in millions)
Operating profit:
Railcar Leasing and Services Group	$	128.0	$	116.1	$	228.3	$	200.7
Rail Products Group	50.4		24.3		94.2		48.4
Segment Totals	178.4		140.4		322.5		249.1
Corporate and other	(33.3)		(31.6)		(59.8)		(57.6)
Restructuring activities, net	—		1.8		—		2.2
Eliminations	(3.2)		(11.5)		(5.6)		(25.6)
Consolidated operating profit	141.9		99.1		257.1		168.1
Other (income) expense	66.7		68.2		139.2		131.9
Provision (benefit) for income taxes	17.1		7.4		28.1		(4.1)
Loss from discontinued operations, net of income taxes	(1.7)		(2.3)		(6.0)		(5.4)
Net income	$	56.4	$	21.2	$	83.8	$	34.9