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Long-Term Borrowings (Condensed Consolidating Statements Of Operation Restricted And Unrestricted) (Details) (USD $)
In Millions
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Interest income $ 602.1 $ 1,023.8 [1] $ 1,245.3 $ 2,128.5 [1],[2]
Total interest expense (805.7) (807.5) [1] (1,504.6) (1,638.9) [1],[2]
Net interest revenue (203.6) 216.3 [1] (259.3) 489.6 [1],[2]
Provision for credit losses (84.7) (246.7) [1] (208.1) (472.8) [1],[2]
Net interest revenue, after credit provision (288.3) (30.4) [1] (467.4) 16.8 [1],[2]
Equity in net income of subsidiaries     0 0 [2]
Rental income on operating leases 417.9 417.9 [1] 831.2 843.7 [1],[2]
Other 239.9 338.5 [1] 518.1 488.9 [1],[2]
Total other income 657.8 756.4 [1] 1,349.3 1,332.6 [1],[2]
Total revenue, net of interest expense and credit provision 369.5 726.0 [1] 881.9 1,349.4 [1],[2]
Depreciation on operating lease equipment (145.5) (178.1) [1] (306.0) (350.8) [1],[2]
Operating Expenses (245.8) (277.8) [1] (462.2) (539.5) [1],[2]
Total other expenses (391.3) (455.9) [1] (768.2) (890.3) [1],[2]
Income (loss) before income taxes (21.8) 270.1 [1] 113.7 459.1 [1],[2]
Provision for income taxes (26.9) (88.2) [1] (92.6) (131.6) [1],[2]
Net income before attribution of noncontrolling interests (48.7) 181.9 [1] 21.1 327.5 [1],[2]
Net income attributable to noncontrolling interests, after tax 0.7 (0.3) [1] (3.5) (1.3) [1],[2]
Net income (loss) (48.0) 181.6 [1] 17.6 326.2 [1],[2],[3]
CIT Group Inc [Member]
       
Interest income     1.8 1.0 [2]
Total interest expense     (1,054.3) (885.9) [2]
Net interest revenue     (1,052.5) (884.9) [2]
Provision for credit losses     (6.7) (11.1) [2]
Net interest revenue, after credit provision     (1,059.2) (896.0) [2]
Equity in net income of subsidiaries     1,071.3 871.7 [2]
Rental income on operating leases     0 0 [2]
Other     (125.5) 233.5 [2]
Total other income     (125.5) 233.5 [2]
Total revenue, net of interest expense and credit provision     (113.4) 209.2 [2]
Depreciation on operating lease equipment     0 0 [2]
Operating Expenses     (11.0) 17.8 [2]
Total other expenses     (11.0) 17.8 [2]
Income (loss) before income taxes     (124.4) 227.0 [2]
Provision for income taxes     142.0 98.8 [2]
Net income before attribution of noncontrolling interests     17.6 325.8 [2]
Net income attributable to noncontrolling interests, after tax     0 0 [2]
Net income (loss)     17.6 325.8 [2]
Restricted Entities [Member]
       
Interest income     679.8 1,357.1 [2]
Total interest expense     (193.2) (445.7) [2]
Net interest revenue     486.6 911.4 [2]
Provision for credit losses     (126.8) (358.6) [2]
Net interest revenue, after credit provision     359.8 552.8 [2]
Equity in net income of subsidiaries     711.0 203.4 [2]
Rental income on operating leases     689.9 687.0 [2]
Other     528.1 279.0 [2]
Total other income     1,218.0 966.0 [2]
Total revenue, net of interest expense and credit provision     2,288.8 1,722.2 [2]
Depreciation on operating lease equipment     (246.1) (290.1) [2]
Operating Expenses     (382.8) (491.3) [2]
Total other expenses     (628.9) (781.4) [2]
Income (loss) before income taxes     1,659.9 940.8 [2]
Provision for income taxes     (174.2) (134.9) [2]
Net income before attribution of noncontrolling interests     1,485.7 805.9 [2]
Net income attributable to noncontrolling interests, after tax     0.4 0 [2]
Net income (loss)     1,486.1 805.9 [2]
Unrestricted Entities [Member]
       
Interest income     568.3 795.7 [2]
Total interest expense     (264.9) (320.6) [2]
Net interest revenue     303.4 475.1 [2]
Provision for credit losses     (74.6) (110.0) [2]
Net interest revenue, after credit provision     228.8 365.1 [2]
Equity in net income of subsidiaries     0 (87.2) [2]
Rental income on operating leases     141.3 157.7 [2]
Other     126.8 (11.0) [2]
Total other income     268.1 146.7 [2]
Total revenue, net of interest expense and credit provision     496.9 424.6 [2]
Depreciation on operating lease equipment     (59.9) (61.2) [2]
Operating Expenses     (82.3) (91.8) [2]
Total other expenses     (142.2) (153.0) [2]
Income (loss) before income taxes     354.7 271.6 [2]
Provision for income taxes     (68.0) (96.1) [2]
Net income before attribution of noncontrolling interests     286.7 175.5 [2]
Net income attributable to noncontrolling interests, after tax     0.5 0.4 [2]
Net income (loss)     287.2 175.9 [2]
Restricted And Unrestricted Entities Eliminations [Member]
       
Interest income     (4.6) (25.3) [2]
Total interest expense     7.8 13.3 [2]
Net interest revenue     3.2 (12.0) [2]
Provision for credit losses     0 6.9 [2]
Net interest revenue, after credit provision     3.2 (5.1) [2]
Equity in net income of subsidiaries     (1,782.3) (987.9) [2]
Rental income on operating leases     0 (1.0) [2]
Other     (11.3) (12.6) [2]
Total other income     (11.3) (13.6) [2]
Total revenue, net of interest expense and credit provision     (1,790.4) (1,006.6) [2]
Depreciation on operating lease equipment     0 0.5 [2]
Operating Expenses     13.9 25.8 [2]
Total other expenses     13.9 26.3 [2]
Income (loss) before income taxes     (1,776.5) (980.3) [2]
Provision for income taxes     7.6 0.6 [2]
Net income before attribution of noncontrolling interests     (1,768.9) (979.7) [2]
Net income attributable to noncontrolling interests, after tax     (4.4) (1.7) [2]
Net income (loss)     $ (1,773.3) $ (981.4) [2]
[1] These restated balances were disclosed in Note 26 of the Company's Form 10-K for the year ended December 31, 2010.
[2] 2010 data has been conformed to the current quarter presentation.
[3] These restated balances were disclosed in Note 26 of the Company's Form 10-K for the year ended December 31, 2010.