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Note 3. Derivative Instruments and Fair Value Measurements Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Fair Value Measurements [Line Items]  
Schedule of Interest Rate Derivatives [Table Text Block]
Interest Rate Hedges
   
Included in accompanying balance sheet
at December 31, 2024
AOCI – loss/(income)
 Notional
Amount
Interest
Rate (1)
Asset/(Liability)Controlling InterestNoncontrolling
Interest
 ($ in millions)
Expired hedges:
2018 secured railcar equipment notes$249.3 4.41 %$— $0.1 $— 
Tribute Rail secured railcar equipment notes $256.0 2.86 %$— $0.1 $0.2 
2017 promissory notes – interest rate cap
$169.3 3.00 %$— $(0.1)$— 
Open hedges:
2017 promissory notes – interest rate swap$381.4 2.31 %$6.1 $(5.7)$— 
TRL-2023 term loan$258.7 3.79 %$1.5 $(1.5)$— 
TILC (2)
$130.0 3.00 %$2.8 $(2.8)$— 
(1) Weighted average fixed interest rate, except for the interest rate cap on the 2017 promissory notes.
(2) In 2024, we entered into forward starting interest rate swaps to hedge a portion of the risk of potential interest rate increases in anticipation of a future debt issuance.
Derivative Instruments, Gain (Loss) [Table Text Block]
 Effect on interest expense – increase/(decrease)
 Year Ended December 31,Expected effect during next twelve months
 202420232022
 (in millions)
Expired hedges:
2018 secured railcar equipment notes
$0.2 $0.2 $0.2 $0.1 
TRIP Holdings warehouse loan$ $0.1 $1.2 $— 
Tribute Rail secured railcar equipment notes$0.7 $0.7 $0.4 $0.3 
2017 promissory notes – interest rate cap
$(0.1)$(0.1)$(0.1)$(0.1)
Open hedges (1):
2017 promissory notes – interest rate swap
$(11.5)$(11.7)$4.0 $(11.5)
TRL-2023 term loan$(3.7)$(2.2)$ $(0.8)
TILC$ $ $ $(0.4)
(1) Based on the fair value of open hedges as of December 31, 2024.
Schedule of Foreign Exchange Contracts, Statement of Financial Position Information related to our foreign currency hedges is as follows:
 
Included in 
accompanying balance 
sheet at December 31, 2024
Effect on cost of revenues – increase/(decrease)
Notional
Amount
Asset/(Liability)AOCI –
loss/(income)
Year Ended December 31,
Expected effect during next twelve months (1)
Instrument202420232022
(in millions)
Forward contracts$131.1 $(9.5)$13.0 $(1.0)$(7.1)$(1.4)$12.2 
Options$50.4 $0.4 $0.8 $0.2 $1.4 $ $(0.8)
(1) Based on the fair value of open hedges as of December 31, 2024.
Derivatives Not Designated as Hedging Instruments
Derivatives Not Designated as Hedging Instruments (1)
   
Asset/(Liability) at
December 31, 2024
Effect on other, net (income) expense – increase/(decrease)
Notional
Amount
Interest
Rate
Year Ended December 31,
 202420232022
 ($ in millions)
Interest rate derivatives – open:
TILC warehouse facility – interest rate cap$680.0 2.50 %$23.3 $(0.1)$ $ 
TILC – interest rate cap (2)
$680.0 2.50 %$(23.3)$3.2 $ $ 
Interest rate derivatives – expired (3):
TILC warehouse facility – interest rate cap$800.0 2.50 %$— $1.9 $(5.4)$(1.6)
TILC – interest rate cap$800.0 2.50 %$— $(1.9)$5.4 $1.6 
(1) Comprised of back-to-back interest rate caps entered into with the same counterparty in connection with our risk management objectives.
(2) The amount recorded to other, net (income) expense in our Consolidated Statements of Operations for the year ended December 31, 2024 includes a fee of $3.1 million related to the execution of back-to-back interest rate caps associated with the new TILC warehouse loan facility. See Note 9 for further information.
(3) These interest rate caps matured and settled in 2024.
Fair Value, Inputs, Level 1 [Member]  
Derivative Instruments and Fair Value Measurements [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Level 1
 December 31, 2024December 31, 2023
(in millions)
Assets:
Cash equivalents$209.6 $78.7 
Restricted cash146.2 129.4 
Total assets$355.8 $208.1 
Fair Value, Inputs, Level 2 [Member]  
Derivative Instruments and Fair Value Measurements [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
Level 2
 December 31, 2024December 31, 2023
(in millions)
Assets (1):
Derivatives designated as hedging instruments:
Interest rate hedges$10.4 $13.1 
Foreign currency hedges0.4 6.8 
Derivatives not designated as hedging instruments:
Interest rate derivatives23.3 6.6 
Total assets$34.1 $26.5 
Liabilities (2):
Derivatives designated as hedging instruments:
Interest rate hedges$— $2.5 
Foreign currency hedges9.5 — 
Derivatives not designated as hedging instruments:
Interest rate derivatives23.3 6.6 
Total liabilities$32.8 $9.1 
(1) Included in other assets in our Consolidated Balance Sheets.
(2) Included in accrued liabilities in our Consolidated Balance Sheets.