Leases (Tables)

12 Months Ended

Dec. 31, 2018

GATX as Lessor

The following table shows the components of our direct finance leases as of December 31 (in millions):



	2018			2017
Total contractual lease payments receivable	$	119.5		$	140.3
Estimated unguaranteed residual value of leased assets	57.5			58.3
Unearned income	(50.6		)	(62.5		)
Finance leases	$	126.4		$	136.1

Minimum Future Receipts

The following table shows our future contractual receipts from finance leases and noncancelable operating leases as of December 31, 2018 (in millions):



	Finance Leases		Operating Leases (1)		Total
2019	$	20.9	$	935.1	$	956.0
2020	28.9		732.1		761.0
2021	15.0		548.1		563.1
2022	25.4		383.1		408.5
2023	7.3		277.5		284.8
Years thereafter	22.0		366.4		388.4
	$	119.5	$	3,242.3	$	3,361.8

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):



	2018			2017
Railcars	$	19.3		$	19.3
Less: allowance for depreciation	(2.4		)	(1.6		)
	$	16.9		$	17.7

Future minimum rental payments due under noncancelable operating leases

uture contractual rental payments due under noncancelable leases as of December 31, 2018 (in millions):



	Capital Leases			Operating Leases
2019	$	11.6		$	68.2
2020	—			68.8
2021	—			65.4
2022	—			56.9
2023	—			54.3
Years thereafter	—			265.7
	$	11.6		$	579.3
Less: amounts representing interest	(0.3		)
Present value of future contractual capital lease payments	$	11.3