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v3.19.3

Debt (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Debt Disclosure [Abstract] |
Components of debt | The carrying amounts and estimated fair values of our long-term debt are as follows:
| September 30, 2019 |  | December 31, 2018
| Carrying Value |  | Estimated Fair Value |  | Carrying Value |  | Estimated Fair Value
| (in millions)
Corporate – Recourse: |  |  |  |  |  |  |
Revolving credit facility | $ | 75.0 |  |  | $ | 75.0 |  |  | $ | — |  |  | $ | — |
Senior notes, net of unamortized discount of $0.2 and $0.3 | 399.8 |  |  | 407.1 |  |  | 399.7 |  |  | 343.7 |
| 474.8 |  |  | 482.1 |  |  | 399.7 |  |  | 343.7 |
Less: unamortized debt issuance costs | (2.1 | ) |  |  |  | (2.3 | ) |  |
Total recourse debt | 472.7 |  |  |  |  | 397.4 |  |  |
Leasing – Non-recourse: |  |  |  |  |  |  |
Wholly-owned subsidiaries: |  |  |  |  |  |  |
2006 secured railcar equipment notes | 114.7 |  |  | 120.0 |  |  | 133.4 |  |  | 138.0 |
2009 secured railcar equipment notes | 150.7 |  |  | 174.6 |  |  | 159.7 |  |  | 174.0 |
2010 secured railcar equipment notes | 251.2 |  |  | 270.6 |  |  | 257.0 |  |  | 264.0 |
2017 promissory notes | 635.4 |  |  | 635.4 |  |  | 660.2 |  |  | 660.2 |
2018 secured railcar equipment notes, net of unamortized discount of $0.2 and $0.2 | 457.3 |  |  | 478.3 |  |  | 472.2 |  |  | 475.2 |
TRIHC 2018 secured railcar equipment notes, net of unamortized discount of $2.1 and $2.5 | 268.3 |  |  | 275.2 |  |  | 279.0 |  |  | 278.1 |
2019 secured railcar equipment notes, net of unamortized discount of $0.2 and $- | 521.3 |  |  | 536.0 |  |  | — |  |  | — |
TILC warehouse facility | 545.8 |  |  | 545.8 |  |  | 374.8 |  |  | 374.8 |
| 2,944.7 |  |  | 3,035.9 |  |  | 2,336.3 |  |  | 2,364.3 |
Less: unamortized debt issuance costs | (21.5 | ) |  |  |  | (19.7 | ) |  |
| 2,923.2 |  |  |  |  | 2,316.6 |  |  |
Partially-owned subsidiaries: |  |  |  |  |  |  |
TRL 2012 secured railcar equipment notes | 376.8 |  |  | 387.4 |  |  | 386.2 |  |  | 370.9 |
TRIP Master Funding secured railcar equipment notes | 923.8 |  |  | 1,005.6 |  |  | 941.7 |  |  | 963.0 |
| 1,300.6 |  |  | 1,393.0 |  |  | 1,327.9 |  |  | 1,333.9 |
Less: unamortized debt issuance costs | (11.3 | ) |  |  |  | (12.7 | ) |  |
| 1,289.3 |  |  |  |  | 1,315.2 |  |  |
Total non–recourse debt | 4,212.5 |  |  |  |  | 3,631.8 |  |  |
Total debt | $ | 4,685.2 |  |  | $ | 4,911.0 |  |  | $ | 4,029.2 |  |  | $ | 4,041.9 |
Remaining principal payments under existing debt agreements | The remaining principal payments under existing debt agreements as of September 30, 2019 are as follows:
| Remaining three months of 2019 |  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | Thereafter
| (in millions)
Recourse: |
Corporate | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 75.0 |  |  | $ | 400.0 |
Non-recourse – leasing (Note 6): |  |  |  |  |  |  |  |  |  |  |
2006 secured railcar equipment notes | 10.0 |  |  | 29.7 |  |  | 29.1 |  |  | 29.8 |  |  | 16.1 |  |  | — |
2009 secured railcar equipment notes | 2.5 |  |  | 6.6 |  |  | 13.4 |  |  | 14.0 |  |  | 11.8 |  |  | 102.4 |
2010 secured railcar equipment notes | 2.6 |  |  | 14.1 |  |  | 20.0 |  |  | 20.9 |  |  | 22.5 |  |  | 171.1 |
2017 promissory notes | 8.3 |  |  | 33.1 |  |  | 33.1 |  |  | 33.2 |  |  | 33.2 |  |  | 494.5 |
2018 secured railcar equipment notes | 5.0 |  |  | 20.0 |  |  | 20.0 |  |  | 20.0 |  |  | 20.0 |  |  | 372.5 |
TRIHC 2018 secured railcar equipment notes | 3.2 |  |  | 10.9 |  |  | 11.9 |  |  | 9.3 |  |  | 11.6 |  |  | 223.5 |
2019 secured railcar equipment notes | 5.3 |  |  | 20.7 |  |  | 22.5 |  |  | 21.5 |  |  | 19.6 |  |  | 431.9 |
TILC warehouse facility | 4.3 |  |  | 17.0 |  |  | 17.0 |  |  | 2.9 |  |  | — |  |  | — |
Facility termination payments - TILC warehouse facility | — |  |  | — |  |  | — |  |  | 504.6 |  |  | — |  |  | — |
TRL 2012 secured railcar equipment notes | 4.7 |  |  | 19.3 |  |  | 19.9 |  |  | 19.6 |  |  | 28.5 |  |  | 284.8 |
TRIP Master Funding secured railcar equipment notes | 5.9 |  |  | 32.9 |  |  | 40.4 |  |  | 41.8 |  |  | 37.0 |  |  | 765.8 |
Total principal payments | $ | 51.8 |  |  | $ | 204.3 |  |  | $ | 227.3 |  |  | $ | 717.6 |  |  | $ | 275.3 |  |  | $ | 3,246.5 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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