Financial Data of Business Segments (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Segment data

The following tables show certain segment data for the years ended December 31, 2017, 2016, and 2015 (in millions):

	Rail North America			Rail International			ASC			Portfolio Management			Other			GATX Consolidated
2017 Profitability
Revenues
Lease revenue	$	899.9		$	190.3		$	4.1		$	3.8		$	—		$	1,098.1
Marine operating revenue	—			—			168.4			25.0			—			193.4
Other revenue	77.5			6.8			—			1.1			—			85.4
Total Revenues	977.4			197.1			172.5			29.9			—			1,376.9
Expenses
Maintenance expense	265.0			41.1			22.2			—			—			328.3
Marine operating expense	—			—			106.2			24.8			—			131.0
Depreciation expense	239.4			48.9			12.0			7.0			—			307.3
Operating lease expense	60.7			—			1.8			—			—			62.5
Other operating expense	28.7			4.7			—			1.0			—			34.4
Total Expenses	593.8			94.7			142.2			32.8			—			863.5
Other Income (Expense)
Net gain (loss) on asset dispositions	45.2			3.1			(1.9		)	7.7			—			54.1
Interest (expense) income, net	(121.2		)	(33.4		)	(5.2		)	(9.2		)	8.5			(160.5		)
Other (expense) income	(5.9		)	(3.2		)	1.3			2.3			(5.6		)	(11.1		)
Share of affiliates' pre-tax (loss) income	(2.4		)	(0.1		)	—			58.4			—			55.9
Segment profit	$	299.3		$	68.8		$	24.5		$	56.3		$	2.9		451.8
Less:
Selling, general and administrative expense																181.5
Income taxes (includes $12.0 related to affiliates' earnings)																(231.7		)
Net income																$	502.0
Net Gain (Loss) on Asset Dispositions
Asset Remarketing Income:
Disposition gains (losses) on owned assets	$	44.0		$	0.1		$	(1.8	)	$	1.8		$	—		$	44.1
Residual sharing income	0.6			—			—			9.6			—			10.2
Non-remarketing disposition gains (losses) (1)	5.2			3.3			(0.1		)	—			—			8.4
Asset impairments	(4.6		)	(0.3		)	—			(3.7		)	—			(8.6		)
	$	45.2		$	3.1		$	(1.9	)	$	7.7		$	—		$	54.1
Capital Expenditures
Portfolio investments and capital additions	$	460.9		$	90.9		$	14.0		$	36.6		$	1.0		$	603.4
Selected Balance Sheet Data
Investments in affiliated companies	$	6.8		$	—		$	—		$	434.2		$	—		$	441.0
Identifiable assets	$	4,915.0		$	1,332.9		$	286.7		$	582.8		$	305.0		$	7,422.4

__________

(1) Includes scrapping gains.

	Rail North America			Rail International			ASC			Portfolio Management			Other			GATX Consolidated
2016 Profitability
Revenues
Lease revenue	$	935.1		$	182.0		$	4.2		$	5.8		$	—		$	1,127.1
Marine operating revenue	—			—			150.0			49.3			—			199.3
Other revenue	83.4			7.0			—			1.5			—			91.9
Total Revenues	1,018.5			189.0			154.2			56.6			—			1,418.3
Expenses
Maintenance expense	266.5			47.2			18.6			—			—			332.3
Marine operating expense	—			—			96.7			32.8			—			129.5
Depreciation expense	231.8			45.5			12.9			7.0			—			297.2
Operating lease expense	67.6			—			6.0			—			(0.1		)	73.5
Other operating expense	34.1			5.3			—			4.4			—			43.8
Total Expenses	600.0			98.0			134.2			44.2			(0.1		)	876.3
Other Income (Expense)
Net gain on asset dispositions	16.6			1.1			—			80.3			—			98.0
Interest (expense) income, net	(110.1		)	(29.7		)	(4.5		)	(8.6		)	4.8			(148.1		)
Other (expense) income	(3.6		)	0.8			(5.4		)	—			(3.6		)	(11.8		)
Share of affiliates' pre-tax income (loss)	0.5			(0.2		)	—			52.8			—			53.1
Segment profit	$	321.9		$	63.0		$	10.1		$	136.9		$	1.3		533.2
Less:
Selling, general and administrative expense																174.7
Income taxes (includes $5.7 related to affiliates' earnings)																101.4
Net income																$	257.1
Net Gain on Asset Dispositions
Asset Remarketing Income:
Disposition gains on owned assets	$	45.5		$	—		$	—		$	4.2		$	—		$	49.7
Residual sharing income	0.8			—			—			82.8			—			83.6
Non-remarketing disposition gains (1)	1.5			1.7			—			—			—			3.2
Asset impairments	(31.2		)	(0.6		)	—			(6.7		)	—			(38.5		)
	$	16.6		$	1.1		$	—		$	80.3		$	—		$	98.0
Capital Expenditures
Portfolio investments and capital additions	$	495.6		$	87.1		$	9.1		$	25.0		$	3.9		$	620.7
Selected Balance Sheet Data
Investments in affiliated companies	$	10.5		$	1.2		$	—		$	375.3		$	—		$	387.0
Identifiable assets	$	4,775.6		$	1,128.7		$	278.8		$	593.5		$	328.8		$	7,105.4

__________

(1) Includes scrapping gains.

	Rail North America			Rail International			ASC			Portfolio Management			Other			GATX Consolidated
2015 Profitability
Revenues
Lease revenue	$	930.9		$	172.9		$	4.1		$	22.2		$	—		$	1,130.1
Marine operating revenue	—			—			166.1			68.9			—			235.0
Other revenue	75.9			7.5			—			1.4			—			84.8
Total Revenues	1,006.8			180.4			170.2			92.5			—			1,449.9
Expenses
Maintenance expense	264.2			39.6			22.3			—			—			326.1
Marine operating expense	—			—			107.2			48.7			—			155.9
Depreciation expense	215.1			43.7			14.3			17.4			—			290.5
Operating lease expense	82.2			—			5.2			—			(0.2		)	87.2
Other operating expense	26.2			5.1			—			7.1			—			38.4
Total Expenses	587.7			88.4			149.0			73.2			(0.2		)	898.1
Other Income (Expense)
Net gain (loss) on asset dispositions	67.2			6.8			(0.1		)	5.3			—			79.2
Interest expense, net	(102.1		)	(22.4		)	(5.3		)	(20.0		)	(5.3		)	(155.1		)
Other expense	(5.2		)	(6.0		)	(0.7		)	—			(1.3		)	(13.2		)
Share of affiliates' pre-tax income (loss) (1)	0.5			(0.3		)	—			45.2			—			45.4
Segment profit (loss)	$	379.5		$	70.1		$	15.1		$	49.8		$	(6.4	)	508.1
Less:
Selling, general and administrative expense																192.4
Income taxes (includes $0.5 net benefits related to affiliates' earnings)																110.4
Net income																$	205.3
Net Gain (Loss) on Asset Dispositions
Asset Remarketing Income:
Disposition gains on owned assets	$	66.6		$	—		$	—		$	23.7		$	—		$	90.3
Residual sharing income	0.8			—			—			12.6			—			13.4
Non-remarketing disposition gains (losses) (2)	2.3			7.2			(0.1		)	—			—			9.4
Asset impairments	(2.5		)	(0.4		)	—			(31.0		)	—			(33.9		)
	$	67.2		$	6.8		$	(0.1	)	$	5.3		$	—		$	79.2
Capital Expenditures
Portfolio investments and capital additions	$	524.5		$	148.0		$	20.3		$	18.4		$	3.5		$	714.7
Selected Balance Sheet Data
Investments in affiliated companies	$	12.0		$	1.4		$	—		$	335.1		$	—		$	348.5
Identifiable assets	$	4,629.1		$	1,117.6		$	284.7		$	636.5		$	226.3		$	6,894.2