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Debt (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Components of debt | The carrying amounts of our debt are as follows:
| September 30, 2023 |  | December 31, 2022
| (in millions)
Corporate – Recourse: |  |  |
Revolving credit facility | $ | — |  |  | $ | 225.0 |
Senior notes due 2024, net of unamortized discount of $0.1 and $0.1 | 399.9 |  |  | 399.9 |
Senior notes due 2028 | 400.0 |  |  | — |
| 799.9 |  |  | 624.9 |
Less: unamortized debt issuance costs | (5.7) |  |  | (0.8) |
Total recourse debt | 794.2 |  |  | 624.1 |
Leasing – Non-recourse: |  |  |
Wholly-owned subsidiaries: |  |  |
Secured railcar equipment notes, net of unamortized discount of $0.3 and $0.3 | 2,279.8 |  |  | 2,384.0 |
2017 promissory notes, net of unamortized discount of $4.0 and $5.6 | 684.3 |  |  | 716.0 |
TRL-2023 term loan | 337.2 |  |  | — |
TILC warehouse facility | 555.9 |  |  | 721.8 |
| 3,857.2 |  |  | 3,821.8 |
Less: unamortized debt issuance costs | (18.9) |  |  | (21.1) |
| 3,838.3 |  |  | 3,800.7 |
Partially-owned subsidiaries: |  |  |
Secured railcar equipment notes, net of unamortized discount of $0.2 and $0.3 | 1,157.9 |  |  | 1,192.6 |
Less: unamortized debt issuance costs | (8.0) |  |  | (9.8) |
| 1,149.9 |  |  | 1,182.8 |
Total non–recourse debt | 4,988.2 |  |  | 4,983.5 |
Total debt | $ | 5,782.4 |  |  | $ | 5,607.6 |
The estimated fair values of our debt are as follows:
| September 30, 2023 |  | December 31, 2022
| (in millions)
Level 2 | $ | 793.4 |  |  | $ | 387.5 |
Level 3 | $ | 3,098.7 |  |  | $ | 3,194.0 |

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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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