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Leases (Tables)
 12 Months Ended
Dec. 31, 2013
Leases [Abstract]  
Components of GATX's finance leases
GATX as Lessor

The following table shows the components of our direct finance leases as of December 31 (in millions):
 
2013
 
2012
Total contractual lease payments receivable
$
270.2

 
$
327.3

Estimated unguaranteed residual value of leased assets
79.8

 
86.9

Unearned income
(142.7
)
 
(168.5
)
Finance leases
$
207.3

 
$
245.7
Minimum Future Receipts
The following table shows our future contractual receipts from finance leases and noncancelable operating leases as of December 31, 2013 (in millions):
 
 
Finance Leases
 
Operating Leases (1)
 
Total
2014
$
33.0

 
$
877.0

 
$
910.0

2015
31.7

 
702.5

 
734.2

2016
28.6

 
536.9

 
565.5

2017
27.1

 
400.1

 
427.2

2018
25.7

 
299.3

 
325.0

Years thereafter
124.1

 
659.0

 
783.1

 
$
270.2

 
$
3,474.8

 
$
3,745.0
Assets that are financed with capital lease obligations
The following table shows assets we financed with capital lease obligations as of December 31 (in millions):
 
2013
 
2012
Marine vessels
$
81.4

 
$
79.9

Less: allowance for depreciation
(71.4
)
 
(67.9
)
 
$
10.0

 
$
12.0
Future minimum rental payments due under noncancelable operating leases
uture contractual payments due under noncancelable leases as of December 31, 2013 (in millions):
 
 
 
Capital
Leases
 
Recourse
Operating
Leases (1)
 
Nonrecourse
Operating
Leases (2)
2014
$
3.1

 
$
142.9

 
$
130.5

2015
3.1

 
131.3

 
11.1

2016
2.7

 
108.0

 
8.1

2017
1.1

 
95.7

 
9.5

2018
—

 
87.1

 
9.0

Years thereafter
—

 
400.2

 
28.3

 
$
10.0

 
$
965.2

 
$
196.5

Less: amounts representing interest
(1.1
)
 
 
 
 
Present value of future contractual capital lease payments
$
8.9

 
 
 
 
__________
(1) 2014 payments include $32.2 million related to our contractual commitment to purchase 1,308 railcars at the end of the lease term.
(2) The amounts shown are primarily the rental payments of two wholly owned, bankruptcy-remote special purpose corporations. We consolidate these rentals for accounting purposes, but they are not our legal obligations. 2014 payments include $119.0 million related to an option we exercised to purchase 3,275 railcars.