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Leases (Tables)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2019
Leases [Abstract]    
Assets And Liabilities, Lessee [Table Text Block]  
The following table shows the lease terms and discount rates related to leases as of December 31:
202120202019
Weighted-average remaining lease term (years):
Operating leases
7.99.39.6
Finance leases (1)
— — — 
Weighted-average discount rate:
Operating leases
3.40 %3.57 %3.66 %
Finance leases
0.22 %0.95 %2.26 %
________
(1)     The weighted-average remaining lease term for outstanding finance leases was less than one year in 2021, 2020 and 2019.
Lease, Cost [Table Text Block]
The following table shows the components of lease expense for the years ended December 31 (in millions):
202120202019
Finance lease cost:
Amortization of right-of-use assets
$0.2 $0.6 $0.7 
Interest on lease liabilities
— 0.2 0.3 
Operating lease cost (1):
Fixed lease cost - operating leases
40.0 53.3 59.7 
Total lease cost
$40.2 $54.1 $60.7 
________
(1)     Total operating lease cost includes amounts recorded in selling, general and administrative expense. Operating lease cost also includes short-term leases, which are immaterial.
The following table shows other information related to leases for the years ended December 31 (in millions):
202120202019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases
$40.5 $58.5 $66.5 
Operating cash flows for finance leases
— — 0.3 
Financing cash flows for finance leases
77.2 40.0 11.3 
Total cash for leases$117.7 $98.5 $78.1 
Non-cash financing lease transactions (1)$45.1 $64.9 $7.8 
__________
(1) Non-cash financing lease transactions are a result of the reclassification from operating lease liability to finance lease liability upon notice of the intent to exercise an early buy-out option.
  
Operating Lease, Lease Income [Table Text Block]  
The following table shows the components of our lease income for the years ended December 31 (in millions):
202120202019
Operating lease income:
Fixed lease income
$1,063.4 $1,020.9 $1,013.5 
Variable lease income
70.1 59.4 65.2 
Total operating lease income
$1,133.5 $1,080.3 $1,078.7 
Finance lease income
7.0 7.2 9.8 
Total lease income
$1,140.5 $1,087.5 $1,088.5 
The following table shows the components of our finance leases as of December 31 (in millions):
20212020
Total contractual lease payments receivable
$106.9 $77.1 
Estimated unguaranteed residual value of leased assets
20.0 24.6 
Unearned income
(26.7)(27.7)
Finance leases
$100.2 $74.0 
Components of GATX's finance leases The following table shows assets recorded as finance leases as of December 31 (in millions):
20212020
Railcars
$1.5 $37.8 
Less: allowance for depreciation
— (0.3)
Finance leases, net of accumulated depreciation$1.5 $37.5 
  
Lessee, Leases, Future Minimum Payments [Table Text Block]
The following table shows the maturities of our lease liabilities as of December 31, 2021 (in millions):
Operating LeasesFinance LeasesTotal
2022$42.4 $1.5 $43.9 
202340.1 — 40.1 
202438.0 — 38.0 
202535.2 — 35.2 
202643.9 — 43.9 
Thereafter
135.0 — 135.0 
Total undiscounted lease payments$334.6 $1.5 $336.1 
Less: amounts representing interest
(48.4)— (48.4)
Total discounted lease liabilities
$286.2 $1.5 $287.7 
The following table shows our future contractual receipts from our noncancelable operating and finance leases as of December 31, 2021 (in millions):
 
 		Operating Leases (1)Finance Leases Total
2022$968.3 $36.6 $1,004.9 
2023753.3 15.5 768.8 
2024546.4 16.1 562.5 
2025330.8 12.6 343.4 
2026195.9 11.6 207.5 
Years thereafter
328.6 14.5 343.1 
$3,123.3 $106.9 $3,230.2 
__________
(1)     The future contractual receipts due under our full-service operating leases include executory costs such as maintenance, car taxes, and insurance.