XML 81 R63.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Regulatory Capital (Components Of Tier 1 Capital And Total Capital) (Details) (USD $)
In Millions, unless otherwise specified
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Total stockholders' equity $ 8,941.5   $ 8,916.0 [1]        
Less: Goodwill (264.5)   (277.4)        
Qualifying reserve for credit losses 424.0 402.5 416.2 356.9 213.9 0  
Total Capital to risk-weighted assets, Required Ratio for Capital Adequacy Purposes             13.00%
Tier 1 Capital leverage ratio, Required Ratio for Capital Adequacy Purposes             15.00%
Net unrealized gains permitted in Tier 2 Capital, percent     45.00%        
CIT Group Inc [Member] | Tier 1 Capital [Member]
             
Total stockholders' equity 8,941.5   8,916.0        
Effect of certain items in accumulated other comprehensive loss excluded from Tier 1 Capital (9.5)   (3.3)        
Adjusted total equity 8,932.0   8,912.7        
Less: Goodwill (264.5)   (277.4)        
Less: Disallowed intangible assets (84.1)   (119.2)        
Less: Investment in certain subsidiaries (35.3)   (33.4)        
Other Tier 1 components (62.7) [2]   (65.2) [2]        
Tier 1 Capital (to risk-weighted assets), Actual 19.30%   19.10%        
Tier 1 Capital (to risk-weighted assets), Required Ratio for Capital Adequacy Purposes 4.00%   4.00%        
Tier 1 Capital leverage Ratio, Actual 17.10%   16.20%        
Tier 1 Capital [Member] | CIT Bank [Member]
             
Total stockholders' equity 1,913.5   1,832.2        
Effect of certain items in accumulated other comprehensive loss excluded from Tier 1 Capital (0.1)   (0.1)        
Adjusted total equity 1,913.4   1,832.1        
Less: Goodwill 0   0        
Less: Disallowed intangible assets 0   0        
Less: Investment in certain subsidiaries 0   0        
Other Tier 1 components (80.7) [2]   (97.8) [2]        
Tier 1 Capital (to risk-weighted assets), Actual 47.50%   57.40%        
Tier 1 Capital (to risk-weighted assets), Required Ratio for Capital Adequacy Purposes 4.00%   4.00%        
Tier 1 Capital leverage Ratio, Actual 27.40%   24.20%        
CIT Group Inc [Member] | Tier 2 Capital [Member]
             
Less: Investment in certain subsidiaries (35.3)   (33.4)        
Qualifying reserve for credit losses 439.3   416.2        
Other Tier 2 components 2.6 [3]   0.2 [3]        
Tier 2 Capital [Member] | CIT Bank [Member]
             
Less: Investment in certain subsidiaries 0   0        
Qualifying reserve for credit losses 23.2   10.7        
Other Tier 2 components 0.1 [3]   0.1 [3]        
CIT Group Inc [Member]
             
Total stockholders' equity 8,941.5   8,916.0 [1]        
Tier 1 Capital 8,485.4   8,417.5        
Tier 2 Capital 406.6   383.0        
Total qualifying capital 8,892.0   8,800.5        
Risk-weighted assets 44,037.0 [4]   44,176.7 [4]        
Total Capital to risk-weighted assets, Actual 20.20%   19.90%        
Total Capital to risk-weighted assets, Required Ratio for Capital Adequacy Purposes 13.00% [5]   13.00% [5]        
Tier 1 Capital leverage ratio, Required Ratio for Capital Adequacy Purposes 4.00%   4.00%        
CIT Bank [Member]
             
Tier 1 Capital 1,832.7   1,734.3        
Tier 2 Capital 23.3   10.8        
Total qualifying capital 1,856.0   1,745.1        
Risk-weighted assets $ 3,854.7 [4]   $ 3,022.0 [4]        
Total Capital to risk-weighted assets, Actual 48.10%   57.70%        
Total Capital to risk-weighted assets, Required Ratio for Capital Adequacy Purposes 8.00%   8.00%        
Tier 1 Capital leverage ratio, Required Ratio for Capital Adequacy Purposes 15.00% [5]   15.00%        
[1] 2010 data has been conformed to the current quarter presentation.
[2] Includes the portion of net deferred tax assets that does not qualify for inclusion in Tier 1 capital based on the capital guidelines and the Tier 1 capital charge for nonfinancial equity investments.
[3] Banking organizations are permitted to include in Tier 2 Capital up to 45% of net unrealized pretax gains on available-for-sale equity securities with readily determinable fair values.
[4] Risk-weighted assets include purchase commitments for aircraft to be purchased under a June 2011 Memorandum of Understanding.
[5] The Company and CIT Bank each committed to maintaining certain capital ratios above regulatory minimum levels.