XML 89 R15.htm IDEA: XBRL DOCUMENT
v3.19.3

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2019
Segment Reporting [Abstract] |
Segment Information | Segment Information We report our operating results in three principal business segments: (1) the Railcar Leasing and Management Services Group, which owns and operates a fleet of railcars and provides third-party fleet leasing, management, and administrative services; (2) the Rail Products Group, which manufactures and sells railcars and related parts and components, and provides railcar maintenance and modification services; and (3) All Other. The All Other segment includes our highway products business; our logistics businesses; legal, environmental, and maintenance costs associated with non-operating facilities; and other peripheral businesses. Gains and losses from the sale of property, plant, and equipment are included in the operating profit of each respective segment. Sales and related net profits ("deferred profit") from the Rail Products Group to the Leasing Group are recorded in the Rail Products Group and eliminated in consolidation and are reflected in "Eliminations — Lease Subsidiary" in the tables below. Sales between these groups are recorded at prices comparable to those charged to external customers, taking into consideration quantity, features, and production demand. Amortization of deferred profit on railcars sold to the Leasing Group is included in the operating profit of the Leasing Group, resulting in the recognition of depreciation expense based on our original manufacturing cost of the railcars. Sales of railcars from the lease fleet are included in the Leasing Group, with related gains and losses computed based on the net book value of the original manufacturing cost of the railcars. The financial information for these segments is shown in the tables below (in millions). We operate principally in North America.
| Three Months Ended September 30, 2019
| Railcar Leasing and Management Services Group |  | Rail Products Group |  | All Other |  | Corporate |  | Eliminations — Lease Subsidiary |  | Eliminations — Other |  | Consolidated Total
External Revenue | $ | 326.2 |  |  | $ | 409.0 |  |  | $ | 78.4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 813.6 |
Intersegment Revenue | 0.2 |  |  | 314.0 |  |  | 12.0 |  |  | — |  |  | (314.0 | ) |  | (12.2 | ) |  | — |
Total Revenues | $ | 326.4 |  |  | $ | 723.0 |  |  | $ | 90.4 |  |  | $ | — |  |  | $ | (314.0 | ) |  | $ | (12.2 | ) |  | $ | 813.6 |
Operating Profit (Loss) | $ | 115.7 |  |  | $ | 65.4 |  |  | $ | 3.9 |  |  | $ | (23.9 | ) |  | $ | (40.7 | ) |  | $ | (0.1 | ) |  | $ | 120.3 |
| Three Months Ended September 30, 2018
| Railcar Leasing and Management Services Group |  | Rail Products Group |  | All Other |  | Corporate |  | Eliminations — Lease Subsidiary |  | Eliminations — Other |  | Consolidated Total
External Revenue | $ | 227.2 |  |  | $ | 290.2 |  |  | $ | 89.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 606.9 |
Intersegment Revenue | 0.3 |  |  | 207.4 |  |  | 12.9 |  |  | — |  |  | (207.4 | ) |  | (13.2 | ) |  | — |
Total Revenues | $ | 227.5 |  |  | $ | 497.6 |  |  | $ | 102.4 |  |  | $ | — |  |  | $ | (207.4 | ) |  | $ | (13.2 | ) |  | $ | 606.9 |
Operating Profit (Loss) | $ | 92.2 |  |  | $ | 28.0 |  |  | $ | 9.5 |  |  | $ | (37.4 | ) |  | $ | (18.1 | ) |  | $ | 1.0 |  |  | $ | 75.2 |
| Nine Months Ended September 30, 2019
| Railcar Leasing and Management Services Group |  | Rail Products Group |  | All Other |  | Corporate |  | Eliminations — Lease Subsidiary |  | Eliminations — Other |  | Consolidated Total
External Revenue | $ | 803.3 |  |  | $ | 1,125.9 |  |  | $ | 225.2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,154.4 |
Intersegment Revenue | 0.6 |  |  | 913.0 |  |  | 40.1 |  |  | — |  |  | (913.0 | ) |  | (40.7 | ) |  | — |
Total Revenues | $ | 803.9 |  |  | $ | 2,038.9 |  |  | $ | 265.3 |  |  | $ | — |  |  | $ | (913.0 | ) |  | $ | (40.7 | ) |  | $ | 2,154.4 |
Operating Profit (Loss) | $ | 306.3 |  |  | $ | 184.0 |  |  | $ | 16.7 |  |  | $ | (78.1 | ) |  | $ | (109.5 | ) |  | $ | (0.3 | ) |  | $ | 319.1 |
| Nine Months Ended September 30, 2018
| Railcar Leasing and Management Services Group |  | Rail Products Group |  | All Other |  | Corporate |  | Eliminations — Lease Subsidiary |  | Eliminations — Other |  | Consolidated Total
External Revenue | $ | 614.7 |  |  | $ | 919.9 |  |  | $ | 239.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,774.1 |
Intersegment Revenue | 0.8 |  |  | 732.0 |  |  | 32.4 |  |  | — |  |  | (732.0 | ) |  | (33.2 | ) |  | — |
Total Revenues | $ | 615.5 |  |  | $ | 1,651.9 |  |  | $ | 271.9 |  |  | $ | — |  |  | $ | (732.0 | ) |  | $ | (33.2 | ) |  | $ | 1,774.1 |
Operating Profit (Loss) | $ | 255.1 |  |  | $ | 128.0 |  |  | $ | 27.7 |  |  | $ | (115.0 | ) |  | $ | (71.3 | ) |  | $ | 0.8 |  |  | $ | 225.3 |

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

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration