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Financial Data of Business Segments (Tables) | 12 Months Ended
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Dec. 31, 2019
Segment Reporting [Abstract] |
Segment data | The following tables show certain segment data for the years ended December 31, 2024, 2023, and 2022 (in millions):
| Rail North America |  | Rail International |  | Engine Leasing |  | Other |  | GATX Consolidated
2024 Profitability |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |
Lease revenue | $ | 983.5 |  |  | $ | 333.6 |  |  | $ | 32.4 |  |  | $ | 31.6 |  |  | $ | 1,381.1 |
Non-dedicated engine revenue | — |  |  | — |  |  | 64.6 |  |  | — |  |  | 64.6 |
Other revenue | 115.5 |  |  | 16.7 |  |  | 0.1 |  |  | 7.5 |  |  | 139.8 |
Total Revenues | 1,099.0 |  |  | 350.3 |  |  | 97.1 |  |  | 39.1 |  |  | 1,585.5 |
Expenses |  |  |  |  |  |  |  |  |
Maintenance expense | 306.9 |  |  | 70.7 |  |  | — |  |  | 4.0 |  |  | 381.6 |
Depreciation expense | 271.1 |  |  | 78.7 |  |  | 37.8 |  |  | 14.8 |  |  | 402.4 |
Operating lease expense | 33.9 |  |  | — |  |  | — |  |  | — |  |  | 33.9 |
Other operating expense | 26.4 |  |  | 17.4 |  |  | 9.6 |  |  | 4.3 |  |  | 57.7 |
Total Expenses | 638.3 |  |  | 166.8 |  |  | 47.4 |  |  | 23.1 |  |  | 875.6 |
Other Income (Expense) |  |  |  |  |  |  |  |  |
Net gain on asset dispositions | 132.8 |  |  | 4.5 |  |  | 0.6 |  |  | 0.4 |  |  | 138.3 |
Interest (expense) income, net | (232.1) |  |  | (71.4) |  |  | (41.9) |  |  | 4.4 |  |  | (341.0) |
Other (expense) income | (5.4) |  |  | 3.2 |  |  | 0.6 |  |  | (7.9) |  |  | (9.5) |
Share of affiliates' pre-tax earnings | — |  |  | — |  |  | 108.3 |  |  | — |  |  | 108.3 |
Segment profit | $ | 356.0 |  |  | $ | 119.8 |  |  | $ | 117.3 |  |  | $ | 12.9 |  |  | $ | 606.0 |
Less: |  |  |  |  |  |  |  |  |
Selling, general and administrative expense | 236.3 |
Income taxes (includes $25.5 related to affiliates' earnings) | 85.5 |
Net income | $ | 284.2 |
Net Gain on Asset Dispositions |  |  |  |  |  |  |  |  |
Asset Remarketing Income: |  |  |  |  |  |  |  |  |
Net gains on dispositions of owned assets | $ | 119.4 |  |  | $ | 1.7 |  |  | $ | 0.6 |  |  | $ | 0.3 |  |  | $ | 122.0 |
Residual sharing income | 0.5 |  |  | — |  |  | — |  |  | — |  |  | 0.5 |
Non-remarketing net gains (1) | 12.9 |  |  | 2.8 |  |  | — |  |  | 0.1 |  |  | 15.8 |
| $ | 132.8 |  |  | $ | 4.5 |  |  | $ | 0.6 |  |  | $ | 0.4 |  |  | $ | 138.3 |
Capital Expenditures |  |  |  |  |  |  |  |  |
Portfolio investments and capital additions | $ | 1,162.4 |  |  | $ | 232.9 |  |  | $ | 260.8 |  |  | $ | 18.3 |  |  | $ | 1,674.4 |
Selected Balance Sheet Data |  |  |
Investments in affiliated companies | $ | 0.2 |  |  | $ | — |  |  | $ | 663.1 |  |  | $ | — |  |  | $ | 663.3 |
Identifiable assets | $ | 7,751.6 |  |  | $ | 2,233.3 |  |  | $ | 1,653.4 |  |  | $ | 658.2 |  |  | $ | 12,296.5 |
__________ (1) Includes net gains from scrapping of railcars.
| Rail North America |  | Rail International |  | Engine Leasing |  | Other |  | GATX Consolidated
2023 Profitability |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |
Lease revenue | $ | 888.8 |  |  | $ | 296.6 |  |  | $ | 32.6 |  |  | $ | 33.4 |  |  | $ | 1,251.4 |
Non-dedicated engine revenue | — |  |  | — |  |  | 37.6 |  |  | — |  |  | 37.6 |
Marine operating revenue | — |  |  | — |  |  | 6.9 |  |  | — |  |  | 6.9 |
Other revenue | 93.9 |  |  | 12.9 |  |  | 0.1 |  |  | 8.1 |  |  | 115.0 |
Total Revenues | 982.7 |  |  | 309.5 |  |  | 77.2 |  |  | 41.5 |  |  | 1,410.9 |
Expenses |  |  |  |  |  |  |  |  |
Maintenance expense | 276.6 |  |  | 64.1 |  |  | — |  |  | 4.1 |  |  | 344.8 |
Depreciation expense | 265.9 |  |  | 68.2 |  |  | 28.3 |  |  | 13.9 |  |  | 376.3 |
Operating lease expense | 36.0 |  |  | — |  |  | — |  |  | — |  |  | 36.0 |
Marine operating expense | — |  |  | — |  |  | 6.5 |  |  | — |  |  | 6.5 |
Other operating expense | 25.9 |  |  | 10.4 |  |  | 7.3 |  |  | 3.0 |  |  | 46.6 |
Total Expenses | 604.4 |  |  | 142.7 |  |  | 42.1 |  |  | 21.0 |  |  | 810.2 |
Other Income (Expense) |  |  |  |  |  |  |  |  |
Net gain on asset dispositions | 120.5 |  |  | 7.0 |  |  | 2.2 |  |  | 0.6 |  |  | 130.3 |
Interest (expense) income, net | (182.9) |  |  | (56.2) |  |  | (29.8) |  |  | 5.5 |  |  | (263.4) |
Other (expense) income | (8.0) |  |  | (4.2) |  |  | 0.2 |  |  | 2.6 |  |  | (9.4) |
Share of affiliates' pre-tax (loss) earnings | (0.6) |  |  | — |  |  | 98.7 |  |  | — |  |  | 98.1 |
Segment profit | $ | 307.3 |  |  | $ | 113.4 |  |  | $ | 106.4 |  |  | $ | 29.2 |  |  | $ | 556.3 |
Less: |  |  |  |  |  |  |  |  |
Selling, general and administrative expense | 212.7 |
Income taxes (includes $25.7 related to affiliates' earnings) | 84.4 |
Net income | $ | 259.2 |
Net Gain on Asset Dispositions |  |  |  |  |  |  |  |  |
Asset Remarketing Income: |  |  |  |  |  |  |  |  |
Net gains on dispositions of owned assets | $ | 111.7 |  |  | $ | 4.9 |  |  | $ | 2.9 |  |  | $ | 0.3 |  |  | $ | 119.8 |
Residual sharing income | 0.4 |  |  | — |  |  | 0.5 |  |  | — |  |  | 0.9 |
Non-remarketing net gains (1) | 8.4 |  |  | 2.4 |  |  | — |  |  | 0.3 |  |  | 11.1 |
Asset impairments | — |  |  | (0.3) |  |  | (1.2) |  |  | — |  |  | (1.5) |
| $ | 120.5 |  |  | $ | 7.0 |  |  | $ | 2.2 |  |  | $ | 0.6 |  |  | $ | 130.3 |
Capital Expenditures |  |  |  |  |  |  |  |  |
Portfolio investments and capital additions | $ | 976.9 |  |  | $ | 382.4 |  |  | $ | 267.3 |  |  | $ | 38.4 |  |  | $ | 1,665.0 |
Selected Balance Sheet Data |  |  |
Investments in affiliated companies | $ | 0.2 |  |  | $ | — |  |  | $ | 626.8 |  |  | $ | — |  |  | $ | 627.0 |
Identifiable assets | $ | 6,993.8 |  |  | $ | 2,175.2 |  |  | $ | 1,355.1 |  |  | $ | 801.9 |  |  | $ | 11,326.0 |
__________ (1) Includes net gains from scrapping of railcars.
| Rail North America |  | Rail International |  | Engine Leasing |  | Other |  | GATX Consolidated
2022 Profitability |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |
Lease revenue | $ | 826.0 |  |  | $ | 266.2 |  |  | $ | 33.0 |  |  | $ | 29.4 |  |  | $ | 1,154.6 |
Non-dedicated engine revenue | — |  |  | — |  |  | 1.5 |  |  | — |  |  | 1.5 |
Marine operating revenue | — |  |  | — |  |  | 18.9 |  |  | — |  |  | 18.9 |
Other revenue | 82.0 |  |  | 9.1 |  |  | 0.2 |  |  | 6.7 |  |  | 98.0 |
Total Revenues | 908.0 |  |  | 275.3 |  |  | 53.6 |  |  | 36.1 |  |  | 1,273.0 |
Expenses |  |  |  |  |  |  |  |  |
Maintenance expense | 238.5 |  |  | 51.4 |  |  | — |  |  | 2.8 |  |  | 292.7 |
Depreciation expense | 258.6 |  |  | 69.1 |  |  | 17.8 |  |  | 12.0 |  |  | 357.5 |
Operating lease expense | 36.1 |  |  | — |  |  | — |  |  | — |  |  | 36.1 |
Marine operating expense | — |  |  | — |  |  | 14.1 |  |  | — |  |  | 14.1 |
Other operating expense | 24.5 |  |  | 8.3 |  |  | 2.3 |  |  | 2.3 |  |  | 37.4 |
Total Expenses | 557.7 |  |  | 128.8 |  |  | 34.2 |  |  | 17.1 |  |  | 737.8 |
Other Income (Expense) |  |  |  |  |  |  |  |  |
Net gain (loss) on asset dispositions | 119.7 |  |  | (11.2) |  |  | (31.1) |  |  | 0.5 |  |  | 77.9 |
Interest expense, net | (144.6) |  |  | (45.6) |  |  | (19.0) |  |  | (4.8) |  |  | (214.0) |
Other expense | (4.6) |  |  | (3.8) |  |  | — |  |  | (18.6) |  |  | (27.0) |
Share of affiliates' pre-tax earnings | 0.5 |  |  | — |  |  | 45.4 |  |  | — |  |  | 45.9 |
Segment profit (loss) | $ | 321.3 |  |  | $ | 85.9 |  |  | $ | 14.7 |  |  | $ | (3.9) |  |  | $ | 418.0 |
Less: |  |  |  |  |  |  |  |  |
Selling, general and administrative expense | 195.0 |
Income taxes (includes $12.3 related to affiliates' earnings) | 67.1 |
Net income | $ | 155.9 |
Net Gain (Loss) on Asset Dispositions |  |  |  |  |  |  |  |  |
Asset Remarketing Income: |  |  |  |  |  |  |  |  |
Net gains on dispositions of owned assets | $ | 102.2 |  |  | $ | 1.6 |  |  | $ | — |  |  | $ | 0.3 |  |  | $ | 104.1 |
Residual sharing income | 2.4 |  |  | — |  |  | 3.2 |  |  | — |  |  | 5.6 |
Non-remarketing net gains (1) | 15.1 |  |  | 1.8 |  |  | — |  |  | 0.2 |  |  | 17.1 |
Asset impairments | — |  |  | (14.6) |  |  | (34.3) |  |  | — |  |  | (48.9) |
| $ | 119.7 |  |  | $ | (11.2) |  |  | $ | (31.1) |  |  | $ | 0.5 |  |  | $ | 77.9 |
Capital Expenditures |  |  |  |  |  |  |  |  |
Portfolio investments and capital additions | $ | 815.9 |  |  | $ | 243.9 |  |  | $ | 149.7 |  |  | $ | 46.3 |  |  | $ | 1,255.8 |
Selected Balance Sheet Data |  |  |
Investments in affiliated companies | $ | 0.8 |  |  | $ | — |  |  | $ | 574.3 |  |  | $ | — |  |  | $ | 575.1 |
Identifiable assets | $ | 6,445.7 |  |  | $ | 1,774.4 |  |  | $ | 1,106.6 |  |  | $ | 745.3 |  |  | $ | 10,072.0 |
__________ (1) Includes net gains from scrapping of railcars.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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