XML 300 R29.htm IDEA: XBRL DOCUMENT
v3.23.3

Leases (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Leases [Abstract] |
Lessee, Balance Sheet and Income Statement Effect | The following table summarizes the impact of the Company's leases in its financial statements (in thousands):
Balance Sheet | Financial statement caption |  |  |  | September 30, 2023 |  | December 31, 2022
Right-of-use asset - operating | Other assets |  |  |  | $ | 10,158 |  |  | $ | 3,145 |
Lease liability - operating | Accounts payable and other accrued expenses |  |  |  | $ | 13,315 |  |  | $ | 3,465 |
|  |  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Income Statement | Financial statement caption |  | 2023 |  | 2022 |  | 2023 |  | 2022
Operating lease cost(1) | Administrative expenses |  | $ | 652 |  |  | $ | 797 |  |  | $ | 2,127 |  |  | $ | 2,444 |
(1) Includes short-term leases that are immaterial.
Schedule of deferred revenue | These amounts will be amortized into revenue as follows (in thousands):
Year ending December 31, |
2023 (Remaining 3 months) | $ | 19,245 |
2024 | 76,275 |
2025 | 65,160 |
2026 | 42,870 |
2027 | 16,924 |
2028 and thereafter | 58,459 |
Total | $ | 278,933 |
Schedule of Components of Leveraged Lease Investments | The following table summarizes the components of the net investment in finance leases (in thousands):
| September 30, 2023 |  | December 31, 2022
Future minimum lease payment receivable(1) | $ | 1,974,693 |  |  | $ | 2,161,192 |
Estimated residual receivable(2) | 218,251 |  |  | 218,004 |
Gross finance lease receivables(3) | 2,192,944 |  |  | 2,379,196 |
Unearned income(4) | (659,385) |  |  | (739,365) |
Net investment in finance leases(5) | $ | 1,533,559 |  |  | $ | 1,639,831 |
(1) There were no executory costs included in gross finance lease receivables as of September 30, 2023 and December 31, 2022. (2) The Company's finance leases generally include a purchase option at nominal amounts that is reasonably certain to be exercised, and therefore, the Company has immaterial residual value risk for assets. (3) The gross finance lease receivable is reduced as billed to customers and reclassified to accounts receivable until paid by customers. (4) There were no unamortized initial direct costs as of September 30, 2023 and December 31, 2022. (5) One major customer represented 93% and 90% as of the Company's finance lease portfolio as of September 30, 2023 and December 31, 2022, respectively. No other customer represented more than 10% of the Company's finance lease portfolio in each of those periods.

X
- Definition Lessee, Balance Sheet and Income Statement Effect [Table Text Block] + References No definition available. + Details
Name: | trtn_LesseeBalanceSheetandIncomeStatementEffectTableTextBlock
Namespace Prefix: | trtn_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the components of the investment in leveraged leases. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 840 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481161/840-30-50-5 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479711/842-50-50-1 + Details
Name: | us-gaap_ScheduleOfComponentsOfLeveragedLeaseInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration