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Note 6. Railcar Leasing and Services Group (Tables)
12 Months Ended
Dec. 31, 2024
Sale Leaseback Transaction [Line Items]  
Sale Of Leased Railcars [Table Text Block]
Information related to lease portfolio sales is as follows:
Year Ended December 31,
202420232022
($ in millions)
Lease portfolio sales$360.7 $381.8 $750.7 
Operating profit on lease portfolio sales (1)
$57.3 $82.8 $126.2 
Operating profit margin on lease portfolio sales15.9 %21.7 %16.8 %
(1) Excludes $1.3 million selling profit associated with sales-type leases for the year ended December 31, 2022.
Operating Leases of Lessor Disclosure [Table Text Block] Future contractual minimum rental revenues on operating leases related to our wholly-owned and partially-owned subsidiaries are as follows:
20252026202720282029ThereafterTotal
 (in millions)
Future contractual minimum rental revenues$702.6 $577.2 $450.4 $296.1 $177.9 $339.2 $2,543.4 
Railcar Leasing and Services Group [Member]  
Sale Leaseback Transaction [Line Items]  
Consolidating Financial Performance Information of Specific Segment of Company Information related to the Leasing Group is as follows:
 Year Ended December 31,Percent Change
 202420232022
2024 versus 2023
2023 versus 2022
 ($ in millions)
Revenues:
Leasing and management$867.8 $813.8 $756.4 6.6 %7.6 %
Maintenance services (1)
234.0 170.1 80.9 37.6 %110.3 %
Digital and logistics services41.4 57.1 14.2 (27.5)%302.1 %
Total revenues$1,143.2 $1,041.0 $851.5 9.8 %22.3 %
Cost of revenues (2)
665.2 630.3 527.9 5.5 %19.4 %
Selling, engineering, and administrative expenses77.0 62.0 59.1 24.2 %4.9 %
Gains on dispositions of property:
Lease portfolio sales (3)
57.3 82.8 127.5 **
Other5.7 6.0 9.8 **
Total operating profit$464.0 $437.5 $401.8 6.1 %8.9 %
Total operating profit margin40.6 %42.0 %47.2 %
Total operating profit margin, excluding lease portfolio sales35.6 %34.1 %32.2 %
Selected expense information for Company-owned railcars (4):
Depreciation and amortization expense (5)
$240.1 $238.5 $234.4 0.7 %1.7 %
Maintenance and compliance expense (6)
$131.8 $130.5 $112.1 1.0 %16.4 %
Other fleet operating costs (7)
$32.3 $31.5 $46.6 2.5 %(32.4)%
Interest expense (8)
$234.4 $227.2 $186.7 3.2 %21.7 %
 * Not meaningful
(1) Revenues related to services performed by the maintenance services business on Company-owned railcars under full-service lease agreements are eliminated within the Railcar Leasing and Services Group and are excluded from the totals reported on this line.
(2) Includes depreciation and amortization expense, maintenance and compliance expense, and other fleet operating costs related to our lease fleet, as well as operating costs for our maintenance services and digital and logistics services businesses.
(3) Includes $1.3 million selling profit associated with sales-type leases for the year ended December 31, 2022.
(4) Includes wholly-owned railcars, partially-owned railcars, and railcars under leased-in arrangements.
(5) Depreciation and amortization expense includes $5.6 million and $12.1 million for the years ended December 31, 2023 and 2022, respectively, related to the disposal of certain railcar components associated with our sustainable railcar conversion program. There were no disposals under this program during the year ended December 31, 2024. Additionally, depreciation and amortization expense includes deferred profit related to new railcar additions, sustainable railcar conversions, railcar modifications, and other betterments, resulting in the recognition of depreciation expense based on the original cost of the railcars and services.
(6) Maintenance and compliance expense is reported at cost with respect to the services performed by our maintenance services business to support the railcars in our lease fleet.
(7) Other fleet operating costs include freight, storage, rent, and ad valorem taxes.
(8) Interest expense is not a component of operating profit and includes the effect of hedges.
Other Third Parties [Member]  
Sale Leaseback Transaction [Line Items]  
Sale Leaseback Transactions [Table Text Block] Future amounts due as well as future contractual minimum rental revenues related to the Leasing Group's railcar operating lease obligations are as follows: 
20252026202720282029ThereafterTotal
 (in millions)
Future operating lease obligations
$8.6 $8.2 $7.5 $5.0 $1.7 $5.1 $36.1 
Future contractual minimum rental revenues
$12.4 $9.6 $3.5 $1.0 $0.5 $1.2 $28.2