Commercial Commitments (Tables)

9 Months Ended

Sep. 30, 2011

Commercial Commitments [Abstract]

Commercial Commitments

The following table sets forth GATX’s commercial commitments as of (in millions):

	September 30 2011		December 31 2010
Affiliate guarantees	$	50.0	$	30.0
Asset residual value guarantees		34.1		48.0
Lease payment guarantees		48.3		52.7
Total guarantees (a)		132.4		130.7
Standby letters of credit and bonds		10.9		11.5
	$	143.3	$	142.2

(a) At September 30, 2011 and December 31, 2010, the carrying values of liabilities on the balance sheet for guarantees were $6.6 million and $7.3 million, respectively. The expirations of these guarantees range from 2011 to 2019. GATX is not aware of any event that would require it to satisfy these guarantees.