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Supplemental Cash Flow and Noncash Investing Transactions
12 Months Ended
Dec. 31, 2011
Supplemental Cash Flow and Noncash Investing Transactions [Abstract]  
Supplemental Cash Flow and Noncash Investing and Financing Transactions

NOTE 4.    Supplemental Cash Flow and Noncash Investing Transaction

 

                         
    2011     2010     2009  

Supplemental Cash Flow Information (in millions)

                       

Interest paid(a)

  $ 152.7     $ 152.6     $ 151.0  

Income taxes (refunded) paid, net

  $ (2.8   $ 13.0     $ 11.3  

 

 

(a) Interest paid consisted of interest on debt obligations, interest rate swaps (net of interest received) and capital lease interest. Interest expense capitalized as part of the cost of construction of major assets was immaterial for all periods presented.

Noncash Investing Transaction (in millions)

 

         
    2011  

Operating assets received(b)

  $ 88.8  

 

 

(b) In connection with the dissolutions of Clipper Fourth Limited and Clipper Fourth APS (collectively, the “Clipper Entities”), GATX received liquidating distributions consisting of six vessels with an aggregate fair value of $88.8 million. See Note 6 for additional information.