XML 170 R114.htm IDEA: XBRL DOCUMENT v3.22.4
Income Taxes (Details 3) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Summary of reasons for difference between GATX's effective income tax rate and federal statutory income tax      
Income taxes at federal statutory rate $ 37.2 $ 41.0 $ 26.3
Adjust for effect of:      
Foreign earnings taxed at lower rates 18.0 10.2 9.8
State income taxes 2.6 1.9 0.2
State deferred tax rate change impact (8.3) 0.0 0.0
Other (2.0) 1.0 1.3
Effective Income Tax Rate Reconciliation, Nondeductible compensation 2.6 1.9 0.6
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Share-based Payment Arrangement, Amount (2.3) (3.5) (1.2)
State net operating loss valuation allowance 9.9 1.0 1.0
Income tax benefit $ 54.8 $ 53.2 $ 37.3
Effective income tax rate 30.90% 27.30% 29.80%
Deferred Tax Liabilities, Intangible amortization $ 1.8 $ 1.9  
Canada Revenue Agency [Member]      
Adjust for effect of:      
Revaluation of deferred tax liabilities $ 2.9 $ 0.3 $ 0.7