Commercial Commitments (Tables)

12 Months Ended

Dec. 31, 2011

Commercial Commitments [Abstract]

Commercial Commitments

	2011		2010
Affiliate guarantees	$	42.0	$	30.0
Asset residual value guarantees		33.9		48.0
Lease payment guarantees		47.0		52.7
Performance bonds		1.3		1.2
Standby letters of credit		9.8		10.3
Total commercial commitments(a)	$	134.0	$	142.2

(a) At December 31, 2011, the carrying value of liabilities on the balance sheet for commercial commitments was $6.4 million. The expirations of these commitments range from 2013 to 2019. GATX is not aware of any event that would require it to satisfy any of these commitments.