XML 140 R113.htm IDEA: XBRL DOCUMENT v3.24.0.1
Income Taxes (Details 3) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Summary of reasons for difference between GATX's effective income tax rate and federal statutory income tax      
Income taxes at federal statutory rate $ 51.6 $ 37.2 $ 41.0
Adjust for effect of:      
Foreign earnings taxed at applicable statutory rates 9.8 18.0 10.2
Nondeductible compensation 2.7 2.6 1.9
Share-based compensation (1.7) (2.3) (3.5)
State income taxes 3.7 2.6 1.9
State deferred tax rate change impact (3.0) (8.3) 0.0
State net operating loss valuation allowance (2.3) 9.9 1.0
Other (2.1) (2.0) 1.0
Income tax benefit $ 58.7 $ 54.8 $ 53.2
Effective income tax rate 23.90% 30.90% 27.30%
Canada Revenue Agency [Member]      
Adjust for effect of:      
Foreign deferred tax rate change impact $ 0.0 $ 2.9 $ 0.3