XML 143 R109.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes (Details 3) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Summary of reasons for difference between GATX's effective income tax rate and federal statutory income tax      
Income taxes at federal statutory rate $ 94.6 $ 80.9 $ 55.6
Adjust for effect of:      
GATX income taxes on sale of AAE 0.0 0.0 23.2
Foreign tax credits 0.0 0.0 (3.9)
Foreign earnings taxed at lower rates (6.2) (8.5) (10.3)
Tax effect of foreign dividends 0.9 0.0 0.0
Corporate owned life insurance (0.9) (0.6) (0.5)
State income taxes 7.6 4.1 1.5
State deferred tax rate change impact 14.1 0.0 0.0
Other 0.8 (0.2) (0.1)
Income taxes $ 110.9 $ 75.7 $ 65.5
Effective income tax rate 41.00% 32.70% 41.20%