Segment Information (Tables)

9 Months Ended

Sep. 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 September 30, 2024
	Railcar Leasing and Services Group		Rail Products Group		Eliminations		Consolidated Total
External revenue	$	289.2	$	509.6	$	—	$	798.8
Intersegment revenue	0.3		93.6		(93.9)		—
Total revenues	$	289.5	$	603.2	$	(93.9)	$	798.8

	Three Months Ended September 30, 2023
	Railcar Leasing and Services Group		Rail Products Group		Eliminations		Consolidated Total
External revenue	$	261.3	$	560.0	$	—	$	821.3
Intersegment revenue	0.4		64.1		(64.5)		—
Total revenues	$	261.7	$	624.1	$	(64.5)	$	821.3

	Nine Months Ended September 30, 2024
	Railcar Leasing and Services Group		Rail Products Group		Eliminations		Consolidated Total
External revenue	$	854.0	$	1,595.8	$	—	$	2,449.8
Intersegment revenue	2.1		309.0		(311.1)		—
Total revenues	$	856.1	$	1,904.8	$	(311.1)	$	2,449.8

	Nine Months Ended September 30, 2023
	Railcar Leasing and Services Group		Rail Products Group		Eliminations		Consolidated Total
External revenue	$	761.8	$	1,423.6	$	—	$	2,185.4
Intersegment revenue	1.1		443.5		(444.6)		—
Total revenues	$	762.9	$	1,867.1	$	(444.6)	$	2,185.4

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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
	(in millions)
Operating profit:
Railcar Leasing and Services Group	$	115.2	$	95.8	$	343.5	$	296.5
Rail Products Group	48.9		29.4		143.1		77.8
Segment Totals	164.1		125.2		486.6		374.3
Corporate and other	(33.1)		(25.2)		(92.9)		(82.8)
Restructuring activities, net	—		—		—		2.2
Eliminations	(8.6)		0.2		(14.2)		(25.4)
Consolidated operating profit	122.4		100.2		379.5		268.3
Other (income) expense	66.0		67.9		205.2		199.8
Provision (benefit) for income taxes	15.6		6.0		43.7		1.9
Loss from discontinued operations, net of income taxes	(5.3)		(2.7)		(11.3)		(8.1)
Net income	$	35.5	$	23.6	$	119.3	$	58.5