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Fair Value Disclosure (Tables)
12 Months Ended
Dec. 31, 2011
Fair Value Disclosures [Abstract]  
Assets and liabilities at fair value recurring basis
                                 
    Quoted Prices in
Active Markets
for Identical
Assets

(Level 1)
    Significant
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
    Total
December 31,
2011
 

Assets

                               

Interest rate derivatives(a)

  $     $ 15.3     $     $ 15.3  

Foreign exchange rate derivatives(b)

          2.1             2.1  

Available for sale equity securities

    2.9                   2.9  

Liabilities

                               

Interest rate derivatives(a)

          2.1             2.1  

Interest rate derivatives(b)

          0.3             0.3  

 

                                 
     Quoted Prices in
Active Markets
for Identical
Assets

(Level 1)
    Significant
Observable
Inputs
(Level 2)
    Significant
Unobservable
Inputs
(Level 3)
    Total
December 31,
2010
 

Assets

                               

Interest rate derivatives(a)

  $     $ 17.6     $     $ 17.6  

Available for sale equity securities

    4.3                   4.3  

Liabilities

                               

Interest rate derivatives(a)

          4.3             4.3  

Interest rate derivatives(b)

          0.3             0.3  

Foreign exchange rate derivatives(b)

          0.5             0.5  

 

 

(a) Designated as hedges

 

(b) Not designated as hedges
Non-recurring Level 3 fair value measurements
                         
    Fair Value
of Assets
    Carrying
Value of Assets
    Impairment
Losses
 

2011

  $ 6.8     $ 13.5     $ 6.7  

2010

    8.1       16.2       8.1  
Impact of GATX's Derivative Instrument On Income Statement and Other comprehensive income (loss)
                             

Derivative Designation

 

Location of Gain (Loss) Recognized

  2011     2010     2009  

Fair value hedges(a)

  Interest expense   $ (2.3   $ 7.4     $ (9.3

Cash flow hedges

  Other comprehensive (loss) income (effective portion)     (5.9     (8.1     15.8  

Cash flow hedges

  Interest expense (effective portion reclassified from accumulated other comprehensive loss)     (2.5     (7.7     (6.2

Cash flow hedges

  Operating lease expense (effective portion reclassified from accumulated other comprehensive loss)     (1.5     (1.5     (1.4

Cash flow hedges

  Other expense (ineffective portion)           (0.1     (0.4

Non-designated

  Other expense     (1.8     (0.4     (0.2

 

 

(a) Equally offsetting the amount recognized in interest expense was the fair value adjustment relating to the underlying debt.
Fair Value Other Financial Instruments
                                 
    2011
Carrying
Amount
    2011
Fair
Value
    2010
Carrying
Amount
    2010
Fair
Value
 

Assets

                               

Investment Funds

  $ 2.7     $ 7.4     $ 6.8     $ 10.2  

Loans

    30.4       30.7       0.5       0.5  
         

Liabilities

                               

Recourse fixed rate debt

  $ 2,627.2     $ 2,754.9     $ 2,459.3     $ 2,615.9  

Recourse floating rate debt

    727.6       714.8       342.5       341.5  

Nonrecourse debt

    149.4       159.3       217.2       233.0