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Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2019
Debt Disclosure [Abstract]    
Outstanding balances of debt obligations and the applicable interest rates  
The following table shows the outstanding balances of our debt obligations and the applicable interest rates as of December 31 (in millions):
20252024
Unsecured Recourse Fixed Rate Debt:
U.S.
3.25% Notes due September 2026
$350.0 $350.0 
5.40% Notes due March 2027
350.0 350.0 
3.85% Notes due March 2027
300.0 300.0 
3.50% Notes due March 2028
300.0 300.0 
4.55% Notes due November 2028
300.0 300.0 
4.70% Notes due April 2029
500.0 500.0 
4.00% Notes due June 2030
500.0 500.0 
1.90% Notes due June 2031
400.0 400.0 
3.50% Notes due June 2032
400.0 400.0 
4.90% Notes due March 2033
400.0 400.0 
5.45% Notes due September 2033
400.0 400.0 
6.05% Notes due March 2034
500.0 500.0 
6.90% Notes due May 2034
400.0 400.0 
5.50% Notes due June 2035
700.0 — 
5.20% Notes due March 2044
300.0 300.0 
4.50% Notes due March 2045
250.0 250.0 
3.10% Notes due June 2051
550.0 550.0 
6.05% Notes due May 2054
400.0 400.0 
6.05% Notes due June 2054
500.0 — 
3.25% Notes due March 2025
— 300.0 
$7,800.0 $6,900.0 
Europe (1)20252024
0.90% Schuldschein loan due October 2026
$27.0 $23.8 
5.23% Schuldschein loan due November 2026
44.0 38.8 
1.07% Notes due November 2026
88.1 77.7 
4.37% Schuldschein loan due May 2027
41.1 36.2 
1.17% Schuldschein loan due October 2028
61.1 53.8 
3.21% Notes due December 2028
88.1 — 
3.24% Notes due October 2030
135.1 — 
1.56% Schuldschein loan due October 2031
88.1 77.7 
3.62% Loan due December 2031
117.5 103.5 
3.88% Notes due August 2032
47.0 — 
1.00% Notes due March 2025
— 103.5 
1.13% Notes due August 2025
— 103.5 
$737.1 $618.5 
India (2)
8.39% - 8.83% Term loan due June 2027 (3)(4)
$45.6 $47.9 
8.13% - 8.53% Term loan due February 2028 (3)
25.6 26.9 
8.43% - 8.94% Term loan due February 2029 (3)
44.5 46.7 
8.51% - 8.80% Term loan due January 2030 (3)
22.3 23.4 
$138.0 $144.9 
Total unsecured fixed rate debt
$8,675.1 $7,663.4 
Unsecured Recourse Floating Rate Debt (5):
U.S.
5.06% Notes due January 2028
$50.0 $50.0 
5.26% Notes due January 2029
125.0 100.0 
5.90% Notes due September 2029
50.0 50.0 
5.02% Term Loan due December 2030 (6)
2,959.0 — 
$3,184.0 $200.0 
Europe (1)
3.56% Loan due December 2026
$132.7 $125.3 
3.51% Notes due December 2027
129.2 113.9 
3.16% Notes due May 2029
99.8 — 
3.71% Loan due May 2029
88.1 77.7 
4.40% Loan due November 2030
44.0 38.8 
3.85% Loan due March 2031
58.7 51.8 
3.49% Loan due August 2032
94.0 — 
$646.5 $407.5 
Total recourse floating rate debt
$3,830.5 $607.5 
Total debt principal$12,505.6 $8,270.9 
Unamortized debt discount/premium and debt issuance costs(52.5)(51.6)
Debt adjustment for fair value hedges(1.4)(4.0)
Total Debt$12,451.7 $8,215.3 
_______
(1) Denominated in euros, but presented in U.S. dollars in this table.
(2) Denominated in Indian rupees, but presented in U.S. dollars in this table.
(3) Term loans were drawn against delayed draw term loans in multiple tranches, resulting in various interest rates for each tranche.
(4) The outstanding balance includes $11.4 million due in 2026.
(5) For floating rate debt, the interest rate disclosed is the applicable interest rate as of December 31, 2025.
(6) Loan at GABX for the acquisition of Wells Fargo's rail assets.
Maturities of GATX's debt obligation  
The following table shows the scheduled principal payments of our debt obligations as of December 31, 2025 (in millions):
2026$653.3 
2027854.5 
2028824.8 
2029907.4 
20303,660.4 
Thereafter
5,605.2 
Total debt principal
$12,505.6 
Schedule of Long-Term Debt Instruments
The following table shows the weighted-average interest rate and term of our recourse debt as of December 31:
20252024
Weighted-average interest rate4.78 %4.59 %
Weighted-average term, in years8.28.6
The following table shows the balance and weighted-average interest rate of our borrowings under bank credit facilities as of December 31 (in millions):
20252024
Balance$82.2 $10.4 
Weighted-average interest rate3.23 %4.24 %