Commercial Commitments (Tables)

12 Months Ended

Dec. 31, 2011

The following table shows GATX’s commercial commitments as of December 31 (in millions):



	2012		2011
Affiliate guarantees	$	42.0	$	42.0
Asset residual value guarantees	11.2		33.9
Lease payment guarantees	41.0		47.0
Performance bonds	0.6		1.3
Standby letters of credit	9.7		9.8
Total commercial commitments *	$	104.5	$	134.0

__________________


(*)	At December 31, 2012, 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 2022. GATX is not aware of any event that would require it to satisfy any of these commitments.

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References+ Details