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Debt (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Debt Disclosure [Abstract] |
Commercial Paper and Borrowings Under Bank Credit Facilities | Commercial Paper and Borrowings Under Bank Credit Facilities ($ in millions)
| December 31
| 2014 |  | 2013
Balance | $ | 72.1 |  |  | $ | 23.6 |
Weighted average interest rate | 0.56 | % |  | 0.80 | %
Outstanding balances of debt obligations and the applicable interest rates | utstanding balances of our debt obligations and the applicable interest rates as of December 31 ($ in millions):
| Date of Issue |  | Final Maturity |  | Interest Rate |  | 2014 |  | 2013
Recourse Fixed Rate Debt |  |  |  |  |  |  |  |  |
Unsecured | 04/14/05 |  | 04/15/15 |  | 5.70 | % |  | $ | 100.0 |  |  | $ | 100.0 |
Unsecured | 02/05/10 |  | 05/15/15 |  | 4.75 | % |  | 250.0 |  |  | 250.0 |
Unsecured | 12/22/05 |  | 12/22/15 |  | 5.75 | % |  | 70.0 |  |  | 85.0 |
Unsecured | 03/03/06 |  | 03/01/16 |  | 5.80 | % |  | 200.0 |  |  | 200.0 |
Unsecured | 11/19/10 |  | 07/15/16 |  | 3.50 | % |  | 250.0 |  |  | 250.0 |
Unsecured | 09/20/11 |  | 07/15/16 |  | 3.50 | % |  | 100.0 |  |  | 100.0 |
Unsecured | 03/04/14 |  | 03/04/17 |  | 1.25 | % |  | 300.0 |  |  | — |
Unsecured | 02/06/08 |  | 02/15/18 |  | 6.00 | % |  | 200.0 |  |  | 200.0 |
Unsecured | 03/19/13 |  | 07/30/18 |  | 2.38 | % |  | 250.0 |  |  | 250.0 |
Unsecured (1) | 12/27/10 |  | 10/31/18 |  | 3.84 | % |  | 15.7 |  |  | 22.0 |
Unsecured (1) | 11/29/10 |  | 11/30/18 |  | 3.70 | % |  | 12.1 |  |  | 17.2 |
Unsecured | 11/19/13 |  | 03/15/19 |  | 2.50 | % |  | 300.0 |  |  | 300.0 |
Unsecured | 03/04/14 |  | 07/30/19 |  | 2.50 | % |  | 250.0 |  |  | — |
Unsecured | 10/31/14 |  | 03/30/20 |  | 2.60 | % |  | 250.0 |  |  | — |
Unsecured | 05/27/11 |  | 06/01/21 |  | 4.85 | % |  | 250.0 |  |  | 250.0 |
Unsecured | 09/20/11 |  | 06/01/21 |  | 4.85 | % |  | 50.0 |  |  | 50.0 |
Unsecured | 06/11/12 |  | 06/15/22 |  | 4.75 | % |  | 250.0 |  |  | 250.0 |
Unsecured | 03/19/13 |  | 03/30/23 |  | 3.90 | % |  | 250.0 |  |  | 250.0 |
Unsecured | 03/04/14 |  | 03/15/44 |  | 5.20 | % |  | 300.0 |  |  | — |
Unsecured | 04/30/09 |  | 05/15/14 |  | 8.75 | % |  | — |  |  | 300.0 |
Total recourse fixed rate debt |  |  |  |  |  |  | $ | 3,647.8 |  |  | $ | 2,874.2 |
Recourse Floating Rate Debt |  |  |  |  |  |  |  |  |
Unsecured | 12/15/10 |  | 10/31/15 |  | 1.47 | % |  | $ | 24.8 |  |  | $ | 36.4 |
Unsecured (1) | 12/06/11 |  | 08/31/16 |  | 1.57 | % |  | 15.3 |  |  | 22.1 |
Unsecured (1) | 09/02/11 |  | 08/31/16 |  | 1.13 | % |  | 8.0 |  |  | 11.5 |
Unsecured (1) | 03/29/06 |  | 09/30/16 |  | 2.08 | % |  | 18.9 |  |  | 32.2 |
Unsecured (1) | 06/29/07 |  | 09/30/16 |  | 2.03 | % |  | 8.5 |  |  | 14.4 |
Unsecured (1) | 12/18/07 |  | 10/31/16 |  | 1.98 | % |  | 12.7 |  |  | 21.6 |
Unsecured | 12/21/12 |  | 12/21/17 |  | 1.39 | % |  | 100.0 |  |  | 100.0 |
Unsecured | 01/22/13 |  | 12/21/17 |  | 1.39 | % |  | 10.0 |  |  | 70.0 |
Unsecured (1) | 08/31/12 |  | 12/31/19 |  | 2.33 | % |  | 60.5 |  |  | 68.7 |
| Date of Issue |  | Final Maturity |  | Interest Rate |  | 2014 |  | 2013
Unsecured (1) | 06/27/13 |  | 12/31/20 |  | 1.87 | % |  | 121.0 |  |  | 137.5 |
Unsecured (1) | 10/30/13 |  | 12/31/20 |  | 1.91 | % |  | 30.2 |  |  | 34.4 |
Unsecured (1) | 05/05/14 |  | 12/31/20 |  | 1.99 | % |  | 30.2 |  |  | — |
Unsecured | 08/28/14 |  | 08/28/24 |  | 1.54 | % |  | 100.0 |  |  | — |
Unsecured | 03/01/10 |  | 02/28/15 |  | 1.83 | % |  | — |  |  | 13.7 |
Unsecured | 12/12/11 |  | 06/12/17 |  | 1.63 | % |  | — |  |  | 103.5 |
Unsecured | 08/12/13 |  | 06/12/17 |  | 1.63 | % |  | — |  |  | 71.1 |
Unsecured | 01/12/12 |  | 06/12/17 |  | 1.63 | % |  | — |  |  | 31.5 |
Unsecured | 02/21/13 |  | 12/21/17 |  | 1.81 | % |  | — |  |  | 35.0 |
Secured | 12/19/11 |  | 12/19/20 |  | 2.10 | % |  | — |  |  | 91.1 |
Total recourse floating rate debt |  |  |  |  |  |  | $ | 540.1 |  |  | $ | 894.7 |
Nonrecourse Fixed Rate Debt |  |  |  |  |  |  |  |
Secured (1) | 09/30/97 |  | 09/20/16 |  | 6.69 | % |  | $ | 15.9 |  |  | $ | 25.4 |
Total nonrecourse fixed rate debt |  |  |  |  |  |  | $ | 15.9 |  |  | $ | 25.4 |
Nonrecourse Floating Rate Debt |  |  |  |  |  |  |  |
Secured | Various |  | 05/08/14 |  | 1.40 | % |  | $ | — |  |  | $ | 47.7 |
Total nonrecourse floating rate debt |  |  |  |  |  |  | $ | — |  |  | $ | 47.7 |
Total debt principal |  |  |  |  |  |  | $ | 4,203.8 |  |  | $ | 3,842.0 |
Debt discount, net |  |  |  |  |  |  | (8.6 | ) |  | (8.9 | )
Debt adjustment for fair value hedges |  |  |  |  |  |  | 0.6 |  |  | 5.4 |
Total Debt |  |  |  |  |  |  | $ | 4,195.8 |  |  | $ | 3,838.5 |
Maturities of GATX's debt obligation | The following table shows the scheduled principal payments of our debt obligations as of December 31, 2014 (in millions):
2015 | $ | 529.2 |
2016 | 639.2 |
2017 | 455.4 |
2018 | 507.5 |
2019 | 592.3 |
Thereafter | 1,480.2 |
Total debt principal | $ | 4,203.8 |

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- Definition Tabular disclosure of unconditional purchase obligations that are recognized as a liability on the balance sheet, including the nature and term of the unconditional purchase obligations; the aggregate amount of payments for each of the five years following the date of the latest balance sheet; and the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings associated with suppliers' financing arrangements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25383-109308 + Details
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