XML 36 R53.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Long-Term Borrowings (Condensed Consolidating Statements Of Cash Flows) (Details) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Net cash flows provided by (used for) operations $ 255.6 $ 178.1 [1],[2]
Net decrease in financing and leasing assets and other investing activities (344.2) 7,122.8 [1]
(Increase) decrease in inter-company loans and investments 0 0 [1]
Net cash flows (used in) provided by investing activities (344.2) 7,122.8 [1],[2]
Net increase (decrease) in debt and other financing activities (3,631.7) (6,218.7) [1]
Inter-company financing 0 0 [1]
Net cash flows used in financing activities (3,631.7) (6,218.7) [1],[2]
Decrease in cash and cash equivalents (3,720.3) 1,082.2 [1],[2]
Unrestricted cash and cash equivalents, beginning of period 8,650.2 8,405.2 [1],[2]
Unrestricted cash and cash equivalents, end of period 4,929.9 9,487.4 [1],[2]
CIT Group Inc [Member]
   
Net cash flows provided by (used for) operations (1,086.2) (159.6) [1]
Net decrease in financing and leasing assets and other investing activities (1,406.4) 459.4 [1]
(Increase) decrease in inter-company loans and investments 2,688.1 893.4 [1]
Net cash flows (used in) provided by investing activities 1,281.7 1,352.8 [1]
Net increase (decrease) in debt and other financing activities (1,502.2) (227.1) [1]
Inter-company financing 0 0 [1]
Net cash flows used in financing activities (1,502.2) (227.1) [1]
Decrease in cash and cash equivalents (1,306.7) 966.1 [1]
Unrestricted cash and cash equivalents, beginning of period 2,703.6 609.3 [1]
Unrestricted cash and cash equivalents, end of period 1,396.9 1,575.4 [1]
Guarantor Entities [Member]
   
Net cash flows provided by (used for) operations 424.4 (282.6) [1]
Net decrease in financing and leasing assets and other investing activities (331.8) 2,879.4 [1]
(Increase) decrease in inter-company loans and investments 0 0 [1]
Net cash flows (used in) provided by investing activities (331.8) 2,879.4 [1]
Net increase (decrease) in debt and other financing activities 21.9 (3,128.0) [1]
Inter-company financing (2,914.6) 726.7 [1]
Net cash flows used in financing activities (2,892.7) (2,401.3) [1]
Decrease in cash and cash equivalents (2,800.1) 195.5 [1]
Unrestricted cash and cash equivalents, beginning of period 2,946.4 4,420.6 [1]
Unrestricted cash and cash equivalents, end of period 146.3 4,616.1 [1]
Pledged Entities [Member]
   
Net cash flows provided by (used for) operations 275.5 59.7 [1]
Net decrease in financing and leasing assets and other investing activities 420.3 755.4 [1]
(Increase) decrease in inter-company loans and investments 0 0 [1]
Net cash flows (used in) provided by investing activities 420.3 755.4 [1]
Net increase (decrease) in debt and other financing activities (701.4) (210.5) [1]
Inter-company financing 539.1 (972.9) [1]
Net cash flows used in financing activities (162.3) (1,183.4) [1]
Decrease in cash and cash equivalents 533.5 (368.3) [1]
Unrestricted cash and cash equivalents, beginning of period 1,021.1 808.1 [1]
Unrestricted cash and cash equivalents, end of period 1,554.6 439.8 [1]
Other Non Guarantor Entities [Member]
   
Net cash flows provided by (used for) operations 641.9 560.6 [1]
Net decrease in financing and leasing assets and other investing activities 973.7 3,028.6 [1]
(Increase) decrease in inter-company loans and investments 0 0 [1]
Net cash flows (used in) provided by investing activities 973.7 3,028.6 [1]
Net increase (decrease) in debt and other financing activities (1,450.0) (2,653.1) [1]
Inter-company financing (312.6) (647.2) [1]
Net cash flows used in financing activities (1,762.6) (3,300.3) [1]
Decrease in cash and cash equivalents (147.0) 288.9 [1]
Unrestricted cash and cash equivalents, beginning of period 1,979.1 2,567.2 [1]
Unrestricted cash and cash equivalents, end of period 1,832.1 2,856.1 [1]
Guarantor And Non Guarantor Entities Eliminations [Member]
   
Net cash flows provided by (used for) operations 0 0 [1]
Net decrease in financing and leasing assets and other investing activities 0 0 [1]
(Increase) decrease in inter-company loans and investments (2,688.1) (893.4) [1]
Net cash flows (used in) provided by investing activities (2,688.1) (893.4) [1]
Net increase (decrease) in debt and other financing activities 0 0 [1]
Inter-company financing 2,688.1 893.4 [1]
Net cash flows used in financing activities 2,688.1 893.4 [1]
Decrease in cash and cash equivalents 0 0 [1]
Unrestricted cash and cash equivalents, beginning of period 0 0 [1]
Unrestricted cash and cash equivalents, end of period $ 0 $ 0 [1]
[1] 2010 data has been conformed to the current quarter presentation.
[2] These restated balances were disclosed in Note 26 of the Company's Form 10-K for the year ended December 31, 2010.