XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.19.2

Discontinued Operations Discontinued Operations | 6 Months Ended
--- | ---
Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract] |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Discontinued Operations On November 1, 2018, we completed the spin-off of Arcosa. Upon completion of the spin-off transaction, the accounting requirements for reporting Arcosa as a discontinued operation were met, and, accordingly, Arcosa's historical results have been reclassified to discontinued operations for the periods presented herein. In connection with the spin-off transaction, Trinity and Arcosa entered into various agreements to effect the distribution and provide a framework for their relationship after the separation, including a separation and distribution agreement, a transition services agreement, an employee matters agreement, a tax matters agreement, and an intellectual property matters agreement. Trinity is also party to certain commercial agreements with Arcosa entities. These agreements have various durations ranging between one and eighteen months. We have determined that the continuing cash flows generated by these agreements do not constitute significant continuing involvement in the operations of Arcosa. The amount billed for transition services provided under the above agreements was not material to our results of operations for the three and six months ended June 30, 2019. We incurred $0.8 million and $10.4 million in spin-off related transaction costs during the three months ended June 30, 2019 and 2018, respectively, of which $0.8 million and $9.0 million are included in income from discontinued operations, net of income taxes in our Consolidated Statements of Operations. We incurred $1.8 million and $18.3 million in spin-off related transaction costs during the six months ended June 30, 2019 and 2018, respectively, of which $1.8 million and $16.4 million are included in income from discontinued operations, net of income taxes in our Consolidated Statements of Operations. These costs primarily relate to the preparation of regulatory filings, investment banking fees, professional fees associated with various legal, accounting, and tax matters related to the spin-off, and other separation activities within the finance, tax, legal, and information technology functions. Arcosa is a stand-alone public company that separately reports its financial results. Due to differences between the basis of presentation for discontinued operations and the basis of presentation as a stand-alone company, the financial results of Arcosa included within discontinued operations may not be indicative of the actual financial results of Arcosa as a stand-alone company. The following is a summary of operating results included in income (loss) from discontinued operations for the three and six months ended June 30, 2019 and 2018:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
|  | (in millions)
Revenues |  | $ | — |  |  | $ | 320.3 |  |  | $ | — |  |  | $ | 631.2 |
Cost of revenues |  | — |  |  | 248.0 |  |  | 0.1 |  |  | 490.9 |
Selling, engineering, and administrative expenses |  | 1.1 |  |  | 34.9 |  |  | 2.3 |  |  | 66.4 |
Other expense |  | — |  |  | 1.1 |  |  | — |  |  | 2.1 |
Income (loss) from discontinued operations before income taxes |  | (1.1 | ) |  | 36.3 |  |  | (2.4 | ) |  | 71.8 |
Provision (benefit) for income taxes |  | (0.3 | ) |  | 8.1 |  |  | (0.5 | ) |  | 17.2 |
Income (loss) from discontinued operations, net of income taxes |  | $ | (0.8 | ) |  | $ | 28.2 |  |  | $ | (1.9 | ) |  | $ | 54.6 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration