Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions		Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and due from banks, including restricted balances of $114.9 and $176.1 at June 30, 2017 and December 31, 2016, respectively (see Note 6 for amounts pledged)	[1]	$ 598.9	$ 822.1
Cash and interest bearing deposits	[1]	4,739.0	5,608.5
Investment securities, including securities carried at fair value with changes recorded in net income of $255.6 and $283.5 at June 30, 2017 and December 31, 2016, respectively (see Note 6 for amounts pledged)		5,530.0	4,491.1
Assets held for sale	[1]	1,324.8	636.0
Loans		29,031.7	29,535.9
Allowance for loan losses		(426.0)	(432.6)
Total loans, net of allowance for loan losses	[1]	28,605.7	29,103.3
Operating lease equipment, net	[1]	6,736.0	7,486.1
Indemnification assets		208.5	341.4
Unsecured counterparty receivable		205.0	394.5
Goodwill		625.5	685.4
Intangible assets		125.4	140.7
Other assets, including $79.4 and $111.6 at June 30, 2017 and December 31, 2016, respectively, at fair value		1,149.2	1,240.4
Assets of discontinued operations		630.9	13,220.7
Total Assets		50,478.9	64,170.2
Liabilities
Deposits		30,925.0	32,304.3
Credit balances of factoring clients		1,405.3	1,292.0
Other liabilities, including $225.4 and $177.9 at June 30, 2017 and December 31, 2016, respectively, at fair value		1,567.9	1,897.6
Borrowings, including $250.6 and $2,321.7 contractually due within twelve months at June 30, 2017 and December 31, 2016, respectively		8,621.4	14,935.5
Liabilities of discontinued operations		607.8	3,737.7
Total Liabilities		43,127.4	54,167.1
Stockholders’ Equity
Preferred Stock: $0.01 par value, 100,000,000 authorized, 325,000 shares issued and outstanding		325.0	0.0
Issued: 207,336,689 and 206,182,213 at June 30, 2017 and December 31, 2016, respectively		2.1	2.1
Paid-in capital		8,711.8	8,765.8
Retained earnings		1,826.9	1,553.0
Accumulated other comprehensive loss		(88.4)	(140.1)
Treasury stock: 71,918,094 and 4,094,541 shares at June 30, 2017 and December 31, 2016 at cost, respectively		(3,426.2)	(178.1)
Total Common Stockholders’ Equity		7,026.2	10,002.7
Noncontrolling minority interests		0.3	0.4
Total Equity		7,351.5	10,003.1
Total Liabilities and Equity		50,478.9	64,170.2
Variable Interest Entities [Member]
Assets
Cash and due from banks, including restricted balances of $114.9 and $176.1 at June 30, 2017 and December 31, 2016, respectively (see Note 6 for amounts pledged)		93.2	99.9
Total loans, net of allowance for loan losses		181.4	300.5
Operating lease equipment, net		764.4	775.8
Assets of discontinued operations		0.0	2,321.7
Total Assets		1,039.0	3,497.9
Liabilities
Beneficial interests issued by consolidated VIEs (classified as long-term borrowings)		647.4	770.0
Liabilities of discontinued operations		0.0	1,204.6
Total Liabilities		$ 647.4	$ 1,974.6

[1] The following table presents information on assets and liabilities related to Variable Interest Entities (VIEs) that are consolidated by the Company. The difference between VIE total assets and total liabilities represents the Company’s interests in those entities, which were eliminated in consolidation. The assets of the consolidated VIEs will be used to settle the liabilities of those entities and, except for the Company’s interest in the VIEs, are not available to the creditors of CIT or any affiliates of CIT.Assets Cash and interest bearing deposits, restricted$93.2 $99.9Total loans, net of allowance for loan losses181.4 300.5Operating lease equipment, net764.4 775.8Assets of discontinued operations— 2,321.7Total Assets$1,039.0 $3,497.9Liabilities Beneficial interests issued by consolidated VIEs (classified as long-term borrowings)$647.4 $770.0Liabilities of discontinued operations— 1,204.6Total Liabilities$647.4 $1,974.6