XML 91 R32.htm IDEA: XBRL DOCUMENT
v3.19.3

Derivative Instruments and Fair Value Accounting Derivatives and Hedging (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Interest Rate Derivatives [Table Text Block] |
|  |  |  |  | Included in accompanying balance sheet at September 30, 2019
| Notional Amount |  | Interest Rate (1) |  | Asset/(Liability) |  | AOCL – loss/ (income) |  | Noncontrolling Interest
| (in millions, except %)
Expired hedges: |  |  |  |  |  |  |  |  |
2006 secured railcar equipment notes | $ | 200.0 |  |  | 4.87 | % |  | $ | — |  |  | $ | (0.2 | ) |  | $ | — |
2018 secured railcar equipment notes | $ | 249.3 |  |  | 4.41 | % |  | $ | — |  |  | $ | 1.1 |  |  | $ | — |
TRIP Holdings warehouse loan | $ | 788.5 |  |  | 3.60 | % |  | $ | — |  |  | $ | 2.4 |  |  | $ | 3.3 |
TRIP Master Funding secured railcar equipment notes | $ | 34.8 |  |  | 2.62 | % |  | $ | — |  |  | $ | 0.2 |  |  | $ | 0.2 |
2017 promissory notes - interest rate cap | $ | 169.3 |  |  | 3.00 | % |  | $ | — |  |  | $ | (0.7 | ) |  | $ | — |
Open hedge: |  |  |  |  |  |  |  |  |
2017 promissory notes - interest rate swap | $ | 578.6 |  |  | 2.68 | % |  | $ | (34.1 | ) |  | $ | 34.0 |  |  | $ | — |
(1) Weighted average fixed interest rate, except for the interest rate cap on the 2017 promissory notes.
Derivative Instruments, Gain (Loss) [Table Text Block] |
| Effect on interest expense-increase/(decrease)
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  | Expected effect during next twelve months(1)
| 2019 |  | 2018 |  | 2019 |  | 2018 |
| (in millions)
Expired hedges: |  |  |  |  |  |  |  |  |
2006 secured railcar equipment notes | $ | — |  |  | $ | — |  |  | $ | (0.1 | ) |  | $ | (0.1 | ) |  | $ | (0.1 | )
2018 secured railcar equipment notes | $ | 0.1 |  |  | $ | — |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | 0.2 |
TRIP Holdings warehouse loan | $ | 0.5 |  |  | $ | 0.5 |  |  | $ | 1.5 |  |  | $ | 1.7 |  |  | $ | 2.0 |
TRIP Master Funding secured railcar equipment notes | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | 0.2 |  |  | $ | 0.2 |  |  | $ | 0.2 |
2017 promissory notes - interest rate cap | $ | — |  |  | $ | — |  |  | $ | (0.1 | ) |  | $ | — |  |  | $ | (0.1 | )
Open hedge: |  |  |  |  |  |  |  |  |
2017 promissory notes - interest rate swap | $ | 0.6 |  |  | $ | — |  |  | $ | 1.9 |  |  | $ | — |  |  | $ | 2.6 |
(1) Based on the fair value of open hedges as of September 30, 2019

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

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfInterestRateDerivativesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration