Commercial Commitments (Tables)

3 Months Ended

Mar. 31, 2012

Commercial Commitments [Abstract]

Commercial Commitments

	March 31 2012		December 31 2011
Affiliate guarantees	$	42.0	$	42.0
Asset residual value guarantees		35.0		33.9
Lease payment guarantees		45.4		47.0
Performance bonds		1.3		1.3
Standby letters of credit		9.6		9.8
Total commercial commitments (a)	$	133.3	$	134.0

(a) At March 31, 2012 and December 31, 2011, the carrying values of liabilities on the balance sheet for commercial commitments were $6.2 million and $6.4 million, respectively. 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.