Debt (Tables)

9 Months Ended

Sep. 30, 2011

Debt [Abstract]

Components of debt

	September 30,			December 31,
	2011			2010
				(as reported)
	(in millions)
Manufacturing/Corporate — Recourse:
Revolving credit facility	$	—		$	—
Convertible subordinated notes		450.0			450.0
Less: unamortized discount		(102.7	)		(111.1	)
		347.3			338.9
Other		4.4			2.8
		351.7			341.7
Leasing — Recourse:
Capital lease obligations		49.2			51.2
Term loan		55.4			57.4
		456.3			450.3
Leasing — Non-recourse:
2006 secured railcar equipment notes		271.7			283.2
Promissory notes		471.5			493.8
2009 secured railcar equipment notes		220.9			229.2
2010 secured railcar equipment notes		357.5			367.1
TILC warehouse facility		280.7			80.2
TRIP Holdings senior secured notes:
Total outstanding		175.0			—
Less: owned by Trinity		(112.0	)		—
		63.0			—
TRIP Master Funding secured railcar equipment notes		850.3			—
TRIP warehouse loan		—			1,003.9
		2,515.6			2,457.4
Total debt	$	2,971.9		$	2,907.7

Total interest expenses recognized on the convertible subordinated notes

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
			(in millions)
Coupon rate interest	$	4.4	$	4.4	$	13.1	$	13.1
Amortized debt discount		2.9		2.6		8.4		7.7
	$	7.3	$	7.0	$	21.5	$	20.8

Remaining principal payments under existing debt agreements

	Remaining
	three
	months of
	2011		2012		2013		2014			2015		Thereafter
					(in millions)
Recourse:
Manufacturing/Corporate	$	0.4	$	1.2	$	1.1	$	1.1		$	0.2	$	450.4
Leasing — capital lease obligations (Note 5)		0.7		2.8		2.9		3.1			3.3		36.4
Leasing — term loan (Note 5)		0.7		2.8		3.0		3.3			3.5		42.1
Non-recourse — leasing (Note 5):
2006 secured railcar equipment notes		3.3		13.5		15.1		16.9			18.6		204.3
Promissory notes		6.4		26.8		29.1		25.9			22.4		360.9
2009 secured railcar equipment notes		2.5		9.2		10.2		9.9			9.6		179.5
2010 secured railcar equipment notes		3.1		12.8		14.6		14.0			15.3		297.7
TILC warehouse facility		2.0		8.1		8.1		5.4			—		—
TRIP Holdings senior secured notes
Total outstanding		—		—		—		175.0			—		—
Less: owned by Trinity		—		—		—		(112.0	)		—		—
								63.0
TRIP Master Funding secured railcar equipment notes		10.3		41.0		41.1		40.2			35.9		681.8
Facility termination payments:
TILC warehouse facility		—		—		85.3		171.8			—		—
Total principal payments	$	29.4	$	118.2	$	210.5	$	354.6		$	108.8	$	2,253.1