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Leases (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Components of GATX's finance leases    
Total minimum lease payments receivable, Leveraged Leases $ 617.0 $ 637.4
Principal and interest on third-party nonrecourse debt, Leveraged Leases (518.6) (535.4)
Net minimum future lease receivable, Leveraged Leases 98.4 102.0
Estimated non-guaranteed residual value of leased assets, Leveraged Leases 20.9 20.8
Unearned income, Leveraged Leases (31.8) (39.3)
Finance leases, Leveraged Leases 87.5 83.5
Allowance for losses, Leveraged Leases (9.0) (9.4)
Deferred taxes, Leveraged Leases (62.7) (61.8)
Net investment in finance leases, Leveraged Leases 15.8 12.3
Total minimum lease payments receivable, Direct Financing 341.4 363.7
Net minimum future lease receivable, Direct Financing 341.4 363.7
Estimated non-guaranteed residual value of leased assets, Direct Financing 93.7 93.4
unearned income, direct financing 187.7 192.9
Finance leases, Direct Financing 247.4 264.2
allowance for possible losses, direct financing 0 0
Deferred taxes, Direct Financing 0 0
Net investment in finance leases, Direct Financing 247.4 264.2
Total minimum lease payments receivable, Total Finance Leases 958.4 1,001.1
Principal and interest on third-party nonrecourse debt, Total Finance Leases (518.6) (535.4)
Net minimum future lease receivable, Total Finance Leases 439.8 465.7
Estimated non-guaranteed residual value of leased assets, Total Finance Leases 114.6 114.2
Unearned income, Total Finance Leases (219.5) (232.2)
Finance leases total financing leases 334.9 347.7
Allowance for losses, Total Finance Leases (9.0) (9.4)
Deferred taxes, Total Finance Leases (62.7) (61.8)
Net investment in finance leases, Total Finance Leases $ 263.2 $ 276.5