Cit (CIT) 10-Q9 May 142014 Q1 Quarterly reportFinancial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
Document And Entity Information	Mar. 31, 2014	Apr. 30, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Entity Registrant Name	'CIT GROUP INC	'
Entity Central Index Key	'0001171825	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	193,441,985

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Assets	'		'
Cash and due from banks, including restricted balances of $1,567.4 and $178.1 at March 31, 2014 and December 31, 2013(1), respectively	$2,145.10		$680.10
Interest bearing deposits, including restricted balances of $855.9 and $880.0 at March 31, 2014 and December 31, 2013(1), respectively	4,636.70	[1]	5,459.10	[1]
Investment securities	2,255		2,630.70
Trading assets at fair value - derivatives	64.2		37.4
Assets held for sale	4,403		4,377.90
Loans (see Note 5 for amounts pledged)	18,571.70	[1]	18,629.20	[1]
Allowance for loan losses	-352.6		-356.1
Total loans, net of allowance for loan losses	18,219.10		18,273.10
Operating lease equipment, net (see Note 5 for amounts pledged)	14,182.40	[1]	13,035.40	[1]
Unsecured counterparty receivable	559.5	[1]	584.1	[1]
Goodwill	403.5		334.6
Other assets, including $91.1 and $50.3 at March 31, 2014 and December 31, 2013, respectively, at fair value	1,773.80		1,764
Total Assets	48,578.10		47,139
Liabilities	'		'
Deposits	13,189.30		12,526.50
Trading liabilities at fair value - derivatives	85.6		86.9
Credit balances of factoring clients	1,213.50		1,336.10
Other liabilities, including $117.1 and $111.0 at March 31, 2014 and December 31, 2013, respectively, at fair value	2,704.40		2,676.40
Long-term borrowings, including $4,144.4 and $2,639.1 contractually due within twelve months at March 31, 2014 and December 31, 2013, respectively	22,669.10		21,750
Total Liabilities	39,776.30		38,289
Stockholders' Equity	'		'
Common stock: $0.01 par value, 600,000,000 authorized Issued: 203,064,247 and 202,182,395 at March 31, 2014 and Decemmber 31, 2013, respectively Outstanding: 195,029,842 and 197,403,751 at March 31, 2014 and December 31, 2013, respectively	2		2
Paid-in capital	8,569.70		8,555.40
Retained earnings / (Accumulated deficit)	678.4		581
Accumulated other comprehensive loss	-76	[2]	-73.6	[2]
Treasury stock: 8,034,405 and 4,778,644 shares at March 31, 2014 and December 31, 2013 at cost, respectively	-378.1		-226
Total Common Stockholders' Equity	8,796		8,838.80
Noncontrolling minority interests	5.8		11.2
Total Equity	8,801.80		8,850
Total Liabilities and Equity	48,578.10		47,139
Variable Interest Entities [Member]	'		'
Assets	'		'
Interest bearing deposits, including restricted balances of $855.9 and $880.0 at March 31, 2014 and December 31, 2013(1), respectively	598.8		610.9
Assets held for sale	3,312.90		3,440.40
Total loans, net of allowance for loan losses	3,102.70		3,109.50
Operating lease equipment, net (see Note 5 for amounts pledged)	4,497.30		4,569.90
Total Assets	11,511.70		11,730.70
Liabilities	'		'
Beneficial interests issued by consolidated VIEs (classified as long-term borrowings)	7,956.40		8,422
Total Liabilities	$7,956.40		$8,422

[1]	The following table presents information on assets and liabilities related to Variable Interest Entities (VIEs) that are consolidated by the Company. The difference between VIE total assets and total liabilities represents the Companyâ€™s interests in those entities, which were eliminated in consolidation. The assets of the consolidated VIEs will be used to settle the liabilities of those entities and, except for the Companyâ€™s interest in the VIEs, are not available to the creditors of CIT or any affiliates of CIT.
[2]	All amounts are net-of-tax.

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Consolidated Balance Sheets [Abstract]	'	'
Restricted cash and due from banks	$1,567.40	$178.10
Interest bearing deposits, restricted balances	855.9	880
Other assets at fair value	91.1	50.3
Other liabilities at fair value	117.1	111
Long-term borrowings, contractually due within twelve months	$4,144.40	$2,639.10
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	203,064,247	202,182,395
Common stock, shares outstanding	195,029,842	197,403,751
Treasury stock, shares at cost	8,034,405	4,778,644

Consolidated_Statements_Of_Ope

Consolidated Statements Of Operations (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Interest income	'	'
Interest and fees on loans	$314.50	$350.30
Interest and dividends on interest bearing deposits and investments	8.8	6.4
Interest income	323.3	356.7
Interest expense	'	'
Interest on long-term borrowings	-239	-249.6
Interest on deposits	-51.9	-42.3
Interest expense	-290.9	-291.9
Net interest revenue	32.4	64.8
Provision for credit losses	-36.7	-19.5
Net interest revenue, after credit provision	-4.3	45.3
Non-interest income	'	'
Rental income on operating leases	491.9	476.4
Other income	74.2	70.1
Total non-interest income	566.1	546.5
Total revenue, net of interest expense and credit provision	561.8	591.8
Other expenses	'	'
Depreciation on operating lease equipment	-148.8	-133.3
Maintenance and other operating expenses	-51.6	-42.4
Operating expenses	-235.7	-235.3
Total other expenses	-436.1	-411
Income before provision for income taxes	125.7	180.8
Provision for income taxes	-14.2	-15.2
Income before noncontrolling interests	111.5	165.6
Net loss (income) attributable to noncontrolling interests, after tax	5.7	-3
Net Income	$117.20	$162.60
Basic income per common share	$0.60	$0.81
Diluted income per common share	$0.59	$0.81
Average number of common shares - basic	196,089,000	201,149,000
Average number of common shares - diluted	197,047,000	201,779,000
Dividends declared per common share	$0.10	'

Consolidated_Statements_Of_Com

Consolidated Statements Of Comprehensive Income (Loss) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Consolidated Statements Of Comprehensive Income (Loss) [Abstract]	'	'
Income before noncontrolling interests	$111.50	$165.60
Other comprehensive income (loss), net of tax:	'	'
Foreign currency translation adjustments	-4.3	-5
Changes in fair values of derivatives qualifying as cash flow hedges	'	-0.1
Net unrealized gains (losses) on available for sale securities	0.3	-0.3
Changes in benefit plans net gain/(loss) and prior service (cost)/credit	1.6	-0.2
Other comprehensive loss, net of tax	-2.4	-5.6
Comprehensive income before noncontrolling interests	109.1	160
Comprehensive loss (income) attributable to noncontrolling interests	5.7	-3
Comprehensive income	$114.80	$157

Consolidated_Statements_Of_Sto

Consolidated Statements Of Stockholders' Equity (USD $)	Common Stock [Member]	Paid-In Capital [Member]	(Accumulated Deficit) Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock [Member]	Noncontrolling Interest In Subsidiaries [Member]	Total
In Millions	Common Stock [Member]	Paid-In Capital [Member]	(Accumulated Deficit) Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Treasury Stock [Member]	Noncontrolling Interest In Subsidiaries [Member]	Total
Beginning balance at Dec. 31, 2012	$2	$8,501.80	($74.60)	($77.70)	($16.70)	$4.70	$8,339.50
Net income (loss)	'	'	162.6	'	'	3	165.6
Other comprehensive loss, net of tax	'	'	'	-5.6	'	'	-5.6
Amortization of restricted stock, stock option and performance shares expenses and shares withheld to cover taxes upon vesting	'	12.4	'	'	-10	'	2.4
Employee stock purchase plan	'	0.2	'	'	'	'	0.2
Ending balance at Mar. 31, 2013	2	8,514.40	88	-83.3	-26.7	7.7	8,502.10
Beginning balance at Dec. 31, 2013	2	8,555.40	581	-73.6	-226	11.2	8,850
Net income (loss)	'	'	117.2	'	'	-5.7	111.5
Other comprehensive loss, net of tax	'	'	'	-2.4	'	'	-2.4
Dividends paid	'	'	-19.8	'	'	'	-19.8
Amortization of restricted stock, stock option and performance shares expenses and shares withheld to cover taxes upon vesting	'	14	'	'	-16.5	'	-2.5
Repurchase of common stock	'	'	'	'	-135.6	'	-135.6
Employee stock purchase plan	'	0.3	'	'	'	'	0.3
Distribution of earnings and capital	'	'	'	'	'	0.3	0.3
Ending balance at Mar. 31, 2014	$2	$8,569.70	$678.40	($76)	($378.10)	$5.80	$8,801.80

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash Flows From Operations	'	'
Net income (loss)	$117.20	$162.60
Adjustments to reconcile net income (loss) to net cash flows from operations:	'	'
Provision for credit losses	36.7	19.5
Net depreciation, amortization and (accretion)	163.2	173.1
Net gains on equipment, receivable and investment sales	-14.4	-29.9
Provision for deferred income taxes	3.4	6.7
Decrease (increase) in finance receivables held for sale	-12.8	-4.3
Increase in other assets	-4.2	-61.5
Increase (decrease) in accrued liabilities and payables	-62.2	-197.3
Net cash flows provided by operations	226.9	68.9
Cash Flows From Investing Activities	'	'
Loans originated and purchased	-4,044.40	-4,613.70
Principal collections of loans	3,618.90	3,420.40
Purchases of investment securities	-3,262.40	-3,912.70
Proceeds from maturities of investment securities	3,642.70	3,255.10
Proceeds from asset and receivable sales	484.1	364.8
Purchases of assets to be leased and other equipment	-734.6	-190.7
Net increase in short-term factoring receivables	-118.3	-243.8
Acquisitions, net of cash received	-245.5	'
Change in restricted cash	-1,365.20	-18
Net cash flows (used in) provided by investing activities	-2,024.70	-1,938.60
Cash Flows From Financing Activities	'	'
Proceeds from the issuance of term debt	1,136.70	110.4
Repayments of term debt	-578.5	-562.5
Net increase in deposits	663.4	1,018.90
Collection of security deposits and maintenance funds	137.5	122.2
Use of security deposits and maintenance funds	-128.5	-117.8
Repurchase of common stock	-135.6	'
Dividends paid	-19.8	'
Net cash flows provided by (used in) financing activities	1,075.20	571.2
Decrease in cash and cash equivalents	-722.6	-1,298.50
Unrestricted cash and cash equivalents, beginning of period	5,081.10	5,636.20
Unrestricted cash and cash equivalents, end of period	4,358.50	4,337.70
Supplementary Cash Flow Disclosure	'	'
Interest paid	-299.5	-301.3
Federal, foreign, state and local income taxes (paid) collected, net	-6.6	-39.2
Supplementary Non Cash Flow Disclosure	'	'
Transfer of assets from held for investment to held for sale	464.4	186.9
Transfer of assets from held for sale to held for investment	$31	$8

Business_And_Summary_Of_Signif

Business And Summary Of Significant Accounting Policies	3 Months Ended
Business And Summary Of Significant Accounting Policies	Mar. 31, 2014
Business And Summary Of Significant Accounting Policies [Abstract]	'
Business And Summary Of Significant Accounting Policies	'
	NOTE 1 — BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	CIT Group Inc., together with its subsidiaries (collectively “CIT” or the “Company”), has provided financial solutions to its clients since its formation in 1908. The Company provides financing, leasing and advisory services principally to middle market companies in a wide variety of industries primarily in North America, and equipment financing and leasing solutions to the transportation industry worldwide. CIT became a bank holding company (“BHC”) in December 2008 and a financial holding company (“FHC”) in July 2013. CIT is regulated by the Board of Governors of the Federal Reserve System (“FRB”) and the Federal Reserve Bank of New York (“FRBNY”) under the U.S. Bank Holding Company Act of 1956. CIT Bank (the “Bank”), a wholly-owned subsidiary, is a state-chartered bank located in Salt Lake City, Utah, and is regulated by the Federal Deposit Insurance Corporation (“FDIC”) and the Utah Department of Financial Institutions (“UDFI”). The Company operates primarily in North America, with locations in Europe and Asia.
	BASIS OF PRESENTATION
	Principles of Consolidation
	The accompanying consolidated financial statements include financial information related to CIT Group Inc., a Delaware corporation, and its majority owned subsidiaries, including the Bank, and those variable interest entities (“VIEs”) where the Company is the primary beneficiary. Assets held in an agency or fiduciary capacity are not included in the consolidated financial statements.
	In preparing the consolidated financial statements, all significant intercompany accounts and transactions have been eliminated. These consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q for interim financial information and accordingly, do not include all information and note disclosures required by generally accepted accounting principles in the United States of America (“GAAP”) for complete financial statements. The financial statements in this Form 10-Q have not been audited by an independent registered public accounting firm in accordance with standards of the Public Company Accounting Oversight Board (U.S.), but in the opinion of management include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of CIT’s financial position, results of operations and cash flows in accordance with GAAP. These consolidated financial statements should be read in conjunction with our current Form 10-K on file.
	The consolidated financial statements include the effects of adopting Fresh Start Accounting (“FSA”) upon emergence from bankruptcy on December 10, 2009, as required by GAAP, based on a convenience date of December 31, 2009. Accretion and amortization of certain FSA adjustments are included in the Consolidated Statements of Operations and Cash Flows.
	The accounting and financial reporting policies of CIT Group Inc. conform to GAAP and the preparation of the consolidated financial statements requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates and assumptions. Some of the more significant estimates include: allowance for loan losses, loan impairment, fair value determination, lease residual values, liabilities for uncertain tax positions, realizability of deferred tax assets and goodwill assets. Additionally where applicable, the policies conform to accounting and reporting guidelines prescribed by bank regulatory authorities.
	Revisions
	In preparing the financial statements for the quarter ended March 31, 2014, the Company discovered and corrected an immaterial error impacting the classification of Interest Bearing Deposits and Cash and due from Banks in the amount of $300 million as of December 31, 2013.
	The Company also discovered and corrected an immaterial error impacting the classification of railcar maintenance expenses. Management determined that railcar maintenance expenses, which reduced “Rental income on operating leases”, should be reflected as a separate line item in the “Other expenses” section of the Company’s Consolidated Statement of Operations (i.e., gross presentation). These classification errors had no impact on the Company’s Consolidated Balance Sheet or Consolidated Statement of Cash Flows in any period.
	NEW ACCOUNTING PRONOUNCEMENTS
	Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity

	On April 10, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. The final guidance raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The ASU is aimed at reducing the frequency of disposals reported as discontinued operations by focusing on strategic shifts that have or will have a major effect on an entity’s operations and financial results. In another change from current US GAAP, the guidance permits companies to have continuing cash flows and significant continuing involvement with the disposed component.

	The ASU eliminates most of the scope exceptions in current US GAAP. Under the revised standard, a discontinued operation is (1) a component of an entity or group of components that has been disposed of by sale, disposed of other than by sale or is classified as held for sale that represents a strategic shift that has or will have a major effect on an entity’s operations and financial results or (2) an acquired business or nonprofit activity that is classified as held for sale on the date of the acquisition. The guidance does not change the presentation requirements for discontinued operations in the statement where net income is presented. Although it permits significant continuing involvement, the standard does not address how companies should present continuing involvement with a discontinued operation prior to the disposal. Also, the ASU requires the reclassification of assets and liabilities of a discontinued operation in the statement of financial position for all prior periods presented.

	The standard expands the disclosures for discontinued operations and requires new disclosures related to individually material disposals that do not meet the definition of a discontinued operation, an entity’s continuing involvement with a discontinued operation following the disposal date, and retained equity method investments in a discontinued operation.

	For public entities, the guidance is effective for annual periods beginning on or after December 15, 2014 and interim periods within that year. The ASU is applied prospectively. However, all entities may early adopt the guidance for new disposals (or new classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. CIT expects to classify its guaranteed student loan business as a discontinued operation in the second quarter of 2014 due to the sale of this business in April 2014. CIT will evaluate any future dispositions under this ASU.

Loans

Loans	3 Months Ended
Loans	Mar. 31, 2014
Loans [Abstract]	'
Loans	'
	NOTE 2 — LOANS
	Finance receivables consist of the following:


	Finance Receivables by Product (dollars in millions)




		March 31,		December 31,
		2014		2013
	Loans	$ 13,980.0		$ 13,814.3
	Direct financing leases and leveraged leases	4,591.7		4,814.9
	Finance receivables	18,571.7		18,629.2
	Finance receivables held for sale	4,353.4		4,168.8
	Finance and held for sale receivables (1)	$ 22,925.1		$ 22,798.0





		-1		Assets held for sale on the Balance Sheet includes finance receivables and operating lease equipment. As discussed in subsequent tables, since the Company manages the credit risk and collections of finance receivables held for sale consistently with its finance receivables held for investment, the applicable amount is presented in this table.

	The following table presents finance receivables by segment, based on obligor location:


	Finance Receivables (dollars in millions)








		31-Mar-14				31-Dec-13
		Domestic	Foreign	Total		Domestic	Foreign	Total
	Transportation & International Finance	$ 660.0	$ 2,893.5	$ 3,553.5		$ 666.6	$ 2,827.8	$ 3,494.4
	North American Commercial Finance	13,500.1	1,402.7	14,902.8		13,196.7	1,496.4	14,693.1
	Non-Strategic Portfolios	114.8	0.6	115.4		117.9	323.8	441.7
	Total	$ 14,274.9	$ 4,296.8	$ 18,571.7		$ 13,981.2	$ 4,648.0	$ 18,629.2


	The following table presents selected components of the net investment in finance receivables.


	Components of Net Investment in Finance Receivables (dollars in millions)






		March 31,		December 31,
		2014		2013
	Unearned income	$ (959.0)		$ (942.0)
	Unamortized (discounts)	-42.8		-47.9
	Net unamortized deferred costs and (fees)	52.0		49.7


	Certain of the following tables present credit-related information at the “class” level in accordance with ASC 310-10-50, Disclosures about the Credit Quality of Finance Receivables and the Allowance for Credit Losses. A class is generally a disaggregation of a portfolio segment. In determining the classes, CIT considered the finance receivable characteristics and methods it applies in monitoring and assessing credit risk and performance.
	Credit Quality Information
	The following table summarizes finance receivables by the risk ratings that bank regulatory agencies utilize to classify credit exposure and which are consistent with indicators the Company monitors. Customer risk ratings are reviewed on a regular basis by Credit Risk Management and are adjusted as necessary for updated information affecting the borrowers’ ability to fulfill their obligations.
The definitions of these ratings are as follows:
		Pass – finance receivables in this category do not meet the criteria for classification in one of the categories below.

		Special mention – a special mention asset exhibits potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may, at some future date, result in the deterioration of the repayment prospects.

		Classified – a classified asset ranges from: (1) assets that exhibit a well-defined weakness and are inadequately protected by the current sound worth and paying capacity of the borrower, and are characterized by the distinct possibility that some loss will be sustained if the deficiencies are not corrected to (2) assets with weaknesses that make collection or liquidation in full unlikely on the basis of current facts, conditions, and values. Assets in this classification can be accruing or on non-accrual depending on the evaluation of these factors.



Finance and Held for Sale Receivables — by Risk Rating (dollars in millions)







	Transportation & International Finance		North American Commercial Finance
Grade:	Transportation Finance	International Finance	Corporate Finance	Equipment Finance	Real Estate Finance	Commercial Services	Subtotal	Non-Strategic Portfolios	Total
31-Mar-14
Pass	$ 1,760.0	$ 1,578.7	$ 6,208.5	$ 3,440.2	$ 1,534.3	$ 1,798.3	$ 16,320.0	$ 3,658.8	$ 19,978.8
Special mention	62.1	94.7	593.8	288.7	80.9	293.2	1,413.4	285.3	1,698.7
Classified - accruing	62.5	26.0	175.3	247.0	-	178.3	689.1	340.1	1,029.2
Classified - non-accrual	15.6	20.3	63.7	65.7	-	1.9	167.2	51.2	218.4
Total	$ 1,900.2	$ 1,719.7	$ 7,041.3	$ 4,041.6	$ 1,615.2	$ 2,271.7	$ 18,589.7	$ 4,335.4	$ 22,925.1
31-Dec-13
Pass	$ 1,627.3	$ 1,530.3	$ 5,783.1	$ 3,355.2	$ 1,554.8	$ 1,804.6	$ 15,655.3	$ 3,637.0	$ 19,292.3
Special mention	28.6	145.8	769.6	363.5	-	314.7	1,622.2	472.0	2,094.2
Classified - accruing	97.2	36.2	233.6	266.0	-	138.9	771.9	398.9	1,170.8
Classified - non-accrual	14.3	21.0	83.8	59.4	-	4.2	182.7	58.0	240.7
Total	$ 1,767.4	$ 1,733.3	$ 6,870.1	$ 4,044.1	$ 1,554.8	$ 2,262.4	$ 18,232.1	$ 4,565.9	$ 22,798.0



Past Due and Non-accrual Loans
The table that follows presents portfolio delinquency status, regardless of accrual/non-accrual classification:


Finance and Held for Sale Receivables — Delinquency Status (dollars in millions)








					Total Past
		30–59 Days	60–89 Days	90 Days or	Due 30 Days or		Total Finance
		Past Due	Past Due	Greater	Greater	Current	Receivables
31-Mar-14
Transportation Finance		$ 7.1	$ 0.6	$ 16.4	$ 24.1	$ 1,876.1	$ 1,900.2
International Finance		38.1	14.8	17.0	69.9	1,649.8	1,719.7
Corporate Finance		-	-	0.5	0.5	7,040.8	7,041.3
Equipment Finance		100.7	20.6	17.1	138.4	3,903.2	4,041.6
Real Estate Finance		-	-	-	-	1,615.2	1,615.2
Commercial Services		26.1	1.5	0.8	28.4	2,243.3	2,271.7
Sub-total		172.0	37.5	51.8	261.3	18,328.4	18,589.7
Non-Strategic Portfolios		148.1	61.5	210.5	420.1	3,915.3	4,335.4
Total		$ 320.1	$ 99.0	$ 262.3	$ 681.4	$ 22,243.7	$ 22,925.1
31-Dec-13
Transportation Finance		$ 18.3	$ 0.9	$ 0.5	$ 19.7	$ 1,747.7	$ 1,767.4
International Finance		30.6	11.6	12.6	54.8	1,678.5	1,733.3
Corporate Finance		-	-	17.8	17.8	6,852.3	6,870.1
Equipment Finance		116.6	30.0	18.6	165.2	3,878.9	4,044.1
Real Estate Finance		-	-	-	-	1,554.8	1,554.8
Commercial Services		47.9	2.4	1.0	51.3	2,211.1	2,262.4
Sub-total		213.4	44.9	50.5	308.8	17,923.3	18,232.1
Non-Strategic Portfolios		142.8	82.0	239.8	464.6	4,101.3	4,565.9
Total		$ 356.2	$ 126.9	$ 290.3	$ 773.4	$ 22,024.6	$ 22,798.0


The following table sets forth non-accrual loans and assets received in satisfaction of loans (repossessed assets). Non-accrual loans include loans that are individually evaluated and determined to be impaired (generally loans with balances greater than $500,000), as well as other, smaller balance loans placed on non-accrual due to delinquency (generally 90 days or more).


Finance Receivables on Non-accrual Status (dollars in millions)







		31-Mar-14				31-Dec-13
		Held for Investment	Held for Sale	Total		Held for Investment	Held for Sale	Total
Transportation Finance		$ 15.6	$ -	$ 15.6		$ 14.3	$ -	$ 14.3
International Finance		20.3	-	20.3		21.0	-	21.0
Corporate Finance		63.7	-	63.7		83.5	0.3	83.8
Equipment Finance		65.7	-	65.7		59.4	-	59.4
Real Estate Finance		-	-	-		-	-	-
Commercial Services		1.9	-	1.9		4.2	-	4.2
Sub-total		167.2	-	167.2		182.4	0.3	182.7
Non-Strategic Portfolios		4.4	46.8	51.2		17.6	40.4	58.0
Total		$ 171.6	$ 46.8	$ 218.4		$ 200.0	$ 40.7	$ 240.7
Repossessed assets				6.2				7.0
Total non-performing assets				$ 224.6				$ 247.7
Accruing loans past due 90 days or more
Government guaranteed - Consumer				$ 195.6				$ 223.7
Other				12.6				10.0
Total				$ 208.2				$ 233.7

Payments received on non-accrual financing receivables are generally applied first against outstanding principal, though in certain instances where the remaining recorded investment is deemed fully collectible, interest income is recognized on a cash basis.
Impaired Loans
The Company’s policy is to review for impairment finance receivables greater than $500,000 that are on non-accrual status. Consumer loans and small-ticket loan and lease receivables that have not been modified in a troubled debt restructuring, as well as short-term factoring receivables, are included (if appropriate) in the reported non-accrual balances above, but are excluded from the impaired finance receivables disclosure below as charge-offs are typically determined and recorded for such loans when they are more than 120 – 150 days past due.
The following table contains information about impaired finance receivables and the related allowance for loan losses, exclusive of finance receivables that were identified as impaired at the Convenience Date for which the Company is applying the income recognition and disclosure guidance in ASC 310-30 (Loans and Debt Securities Acquired with Deteriorated Credit Quality), which are disclosed further below in this note.


Impaired Loans (dollars in millions)







						Three Months Ended March 31,
			31-Mar-14			2014	2013
				Unpaid		Average	Average
			Recorded	Principal	Related	Recorded	Recorded
			Investment	Balance	Allowance	Investment	Investment

With no related allowance recorded:
Transportation Finance			$ -	$ -	$ -	$ -	$ 3.2
International Finance			5.1	17.9	-	6.0	5.0
Corporate Finance			125.1	131.3	-	130.6	174.1
Equipment Finance			6.7	7.6	-	6.3	7.8
Commercial Services			8.5	8.5	-	8.8	10.7
Non-Strategic Portfolios			6.6	6.7	-	8.4	41.8
With an allowance recorded:
Transportation Finance			15.5	15.5	0.7	14.9	19.3
Corporate Finance			50.2	51.4	24.0	50.4	98.0
Commercial Services			1.9	2.0	1.0	3.1	4.8
Non-Strategic Portfolios			-	-	-	-	2.5
Total Impaired Loans(1)			219.6	$ 240.9	25.7	228.5	$ 367.2
Total Loans Impaired at Convenience Date(2)			54.7	95.5	1.0	54.4	99.3
Total			$ 274.3	$ 336.4	$ 26.7	$ 282.9	$ 466.5

						Year Ended
			31-Dec-13			31-Dec-13
				Unpaid		Average
			Recorded	Principal	Related	Recorded
			Investment	Balance	Allowance	Investment
With no related allowance recorded:
Transportation Finance			$ -	$ -	$ -	$ 2.2
International Finance			6.9	24.5	-	6.9
Corporate Finance			136.1	150.1	-	152.8
Equipment Finance			5.8	7.9	-	7.0
Commercial Services			9.1	9.1	-	10.0
Non-Strategic Portfolios			10.2	12.5	-	24.0
With an allowance recorded:
Transportation Finance			14.3	14.3	0.6	12.4
Corporate Finance			50.6	51.7	28.8	79.7
Commercial Services			4.2	4.2	1.0	4.6
Non-Strategic Portfolios			-	-	-	1.0
Total Impaired Loans (1)			237.2	274.3	30.4	300.6
Total Loans Impaired at Convenience date(2)			54.1	95.8	1.0	80.5
Total			$ 291.3	$ 370.1	$ 31.4	$ 381.1


	-1		Interest income recorded for the quarters ended March 31, 2014 and 2013 while the loans were impaired was $0.7 million and $4.7 million, respectively, of which $0.4 million and $0.3 million was interest recognized using the cash-basis method of accounting. Interest income recorded for the year ended December 31, 2013 while the loans were impaired was $17.7 million, of which $3.5 million was interest recognized using the cash-basis method of accounting.
	-2		Details of finance receivables that were identified as impaired at the Convenience Date are presented under Loans and Debt Securities Acquired with Deteriorated Credit Quality.

Impairment occurs when, based on current information and events, it is probable that CIT will be unable to collect all amounts due according to contractual terms of the agreement. The Company has established review and monitoring procedures designed to identify, as early as possible, customers that are experiencing financial difficulty. Credit risk is captured and analyzed based on the Company’s internal probability of obligor default (PD) and loss given default (LGD) ratings. A PD rating is determined by evaluating borrower credit-worthiness, including analyzing credit history, financial condition, cash flow adequacy, financial performance and management quality. An LGD rating is predicated on transaction structure, collateral valuation and related guarantees or recourse. Further, related considerations in determining probability of collection include the following:

			Instances where the primary source of payment is no longer sufficient to repay the loan in accordance with terms of the loan document;
			Lack of current financial data related to the borrower or guarantor;
			Delinquency status of the loan;
			Borrowers experiencing problems, such as operating losses, marginal working capital, inadequate cash flow, excessive financial leverage or business interruptions;
			Loans secured by collateral that is not readily marketable or that has experienced or is susceptible to deterioration in realizable value; and
			Loans to borrowers in industries or countries experiencing severe economic instability.

Impairment is measured as the shortfall between estimated value and recorded investment in the finance receivable. A specific allowance or charge-off is recorded for the shortfall. In instances where the estimated value exceeds the recorded investment, no specific allowance is recorded. The estimated value is determined using fair value of collateral and other cash flows if the finance receivable is collateralized, the present value of expected future cash flows discounted at the contract’s effective interest rate, or market price. In instances when the Company measures impairment based on the present value of expected future cash flows, the change in present value is reported in the provision for credit losses.
The following summarizes key elements of the Company’s policy regarding the determination of collateral fair value in the measurement of impairment:
			“Orderly liquidation value” is the basis for collateral valuation;
			Appraisals are updated annually or more often as market conditions warrant; and
			Appraisal values are discounted in the determination of impairment if the:

				appraisal does not reflect current market conditions; or
				collateral consists of inventory, accounts receivable, or other forms of collateral that may become difficult to locate, collect or subject to pilferage in a liquidation.


Loans and Debt Securities Acquired with Deteriorated Credit Quality
For purposes of this presentation, finance receivables that were identified as impaired at the Convenience Date are discussed below. The Company is applying the income recognition and disclosure guidance in ASC 310-30 (Loans and Debt Securities Acquired with Deteriorated Credit Quality) to loans considered impaired under FSA at the time of emergence.
At both March 31, 2014 and December 31, 2013, the carrying amounts approximated $55 million and the outstanding balance approximated $95 million. The outstanding balance represents the sum of contractual principal, interest and fees earned at the reporting date, calculated as pre-FSA net investment plus inception to date charge-offs. For both periods, the allowance for loan losses on these loans was $1.0 million.



Troubled Debt Restructurings
The Company periodically modifies the terms of finance receivables in response to borrowers’ difficulties. Modifications that include a financial concession to the borrower are accounted for as troubled debt restructurings (TDRs).
CIT uses a consistent methodology across all loans to determine if a modification is with a borrower that has been determined to be in financial difficulty and was granted a concession. Specifically, the Company’s policies on TDR identification include the following examples of indicators used to determine whether the borrower is in financial difficulty:
			Borrower is in default with CIT or other material creditor
			Borrower has declared bankruptcy
			Growing doubt about the borrower’s ability to continue as a going concern
			Borrower has (or is expected to have) insufficient cash flow to service debt
			Borrower is de-listing securities
			Borrower’s inability to obtain funds from other sources
			Breach of financial covenants by the borrower.

If the borrower is determined to be in financial difficulty, then CIT utilizes the following criteria to determine whether a concession has been granted to the borrower:
		Assets used to satisfy debt are less than CIT’s recorded investment in the receivable
		Modification of terms – interest rate changed to below market rate
		Maturity date extension at an interest rate less than market rate
		The borrower does not otherwise have access to funding for debt with similar risk characteristics in the market at the restructured rate and terms
		Capitalization of interest
		Increase in interest reserves
		Conversion of credit to Payment-In-Kind (PIK)
		Delaying principal and/or interest for a period of three months or more
		Partial forgiveness of the balance.

Modified loans that meet the definition of a TDR are subject to the Company’s standard impaired loan policy, namely that non-accrual loans in excess of $500,000 are individually reviewed for impairment, while non-accrual loans less than $500,000 are considered as part of homogenous pools and are included in the determination of the non-specific allowance.
The recorded investment of TDRs at March 31, 2014 and December 31, 2013 was $206.8 million and $220.9 million, of which 32% and 33%, respectively were on non-accrual. North American Commercial Finance receivables accounted for 82% of the total TDRs at March 31, 2014 and 80% at December 31, 2013, there were $6.7 million and $7.1 million, respectively, of commitments to lend additional funds to borrowers whose loan terms have been modified in TDRs.
Recorded investment related to modifications qualifying as TDRs that occurred during the quarters ended March 31, 2014 and 2013 were $10.3 million and $5.3 million, respectively. The recorded investment of TDRs that experience a payment default (payment default is one missed payment) at the time of default, during the quarters ended March 31, 2014 and 2013, and for which the payment default occurred within one year of the modification totaled $0.3 million and $26.1 million, respectively. The March 31, 2014 defaults related to Equipment Financing and Non-Strategic Portfolios and essentially all of the March 31, 2013 defaults related to Corporate Finance.
The financial impact of the various modification strategies that the Company employs in response to borrower difficulties is described below. While the discussion focuses on first quarter of 2014 amounts, the overall nature and impact of modification programs were comparable in the prior year.

		The nature of modifications qualifying as TDR’s, based upon recorded investment at March 31, 2014 and December 31, 2013, was comprised of payment deferral for 86% and 88%, covenant relief and/or other for 13% and 11%, and interest rate reductions and debt forgiveness for 1% and 1%, respectively;
		Payment deferrals, the Company’s most common type of modification program, result in lower net present value of cash flows and increased provision for credit losses to the extent applicable. The financial impact of these modifications is not significant given the moderate length of deferral periods;
		Interest rate reductions result in lower amounts of interest being charged to the customer, but are a relatively small part of the Company’s restructuring programs. Additionally, in some instances, modifications improve the Company’s economic return through increased interest rates and fees, but are reported as TDRs due to assessments regarding the borrowers’ ability to independently obtain similar funding in the market and assessments of the relationship between modified rates and terms and comparable market rates and terms. The weighted average change in interest rates for all TDRs occurring during the quarter ended March 31, 2014 was immaterial;
		Debt forgiveness, or the reduction in amount owed by borrower, results in incremental provision for credit losses, in the form of higher charge-offs. While these types of modifications have the greatest individual impact on the allowance, the amounts of principal forgiveness for TDRs occurring during the quarter ended March 31, 2014 were not significant, as debt forgiveness is a relatively small component of the Company’s modification programs; and
		The other elements of the Company’s modification programs do not have a significant impact on financial results given their relative size, or do not have a direct financial impact, as in the case of covenant changes.

Allowance_For_Loan_Losses

Allowance For Loan Losses	3 Months Ended
Allowance For Loan Losses	Mar. 31, 2014
Allowance For Loan Losses [Abstract]	'
Allowance For Loan Losses	'
	NOTE 3 — ALLOWANCE FOR LOAN LOSSES
	The following table presents changes in the allowance for loan losses.


	Allowance for Loan Losses and Recorded Investment in Finance Receivables (dollars in millions)






			Quarter Ended March 31, 2014					Quarter Ended March 31, 2013
			Transportation & International Finance	North American Commercial Finance	Non-Strategic Portfolios	Corporate and Other	Total	Transportation & International Finance	North American Commercial Finance	Non-Strategic Portfolios	Corporate and Other	Total
	Beginning balance		$ 46.7	$ 303.8	$ 5.6	$ -	$ 356.1	$ 44.3	$ 293.7	$ 41.3	$ -	$ 379.3
	Provision for credit losses		12.4	23.2	1.0	0.1	36.7	-5.6	24.9	0.3	-0.1	19.5
	Other(1)		-0.4	-4.1	-	-0.1	-4.6	-0.5	-2.8	-0.1	0.1	-3.3
	Gross charge-offs (2)		-14.3	-22.6	-7.5	-	-44.4	-4.2	-14.2	-5.9	-	-24.3
	Recoveries		1.3	6.6	0.9	-	8.8	3.1	8.4	3.3	-	14.8
	Allowance balance - end of period		$ 45.7	$ 306.9	$ -	$ -	$ 352.6	$ 37.1	$ 310.0	$ 38.9	$ -	$ 386.0







			31-Mar-14					31-Mar-13
	Allowance balance:
	Loans individually evaluated for impairment		$ 0.7	$ 25.0	$ -	$ -	$ 25.7	$ 2.7	$ 36.5	$ 1.0	$ -	$ 40.2
	Loans collectively evaluated for impairment		45.0	280.9	-	-	325.9	34.4	272.4	36.7	-	343.5
	Loans acquired with deteriorated credit quality (3)		-	1.0	-	-	1.0	-	1.1	1.2	-	2.3
	Allowance balance - end of period		$ 45.7	$ 306.9	$ -	$ -	$ 352.6	$ 37.1	$ 310.0	$ 38.9	$ -	$ 386.0
	Other reserves (1)		$ 0.4	$ 30.6	$ -	$ -	$ 31.0	$ -	$ 24.7	$ 0.2	$ 0.2	$ 25.1
	Finance receivables:
	Loans individually evaluated for impairment		$ 20.6	$ 192.4	$ 6.6	$ -	$ 219.6	$ 20.3	$ 275.2	$ 45.3	$ -	$ 340.8
	Loans collectively evaluated for impairment		3,532.8	14,657.6	107.0	-	18,297.4	2,937.4	13,743.4	5,006.9	-	21,687.7
	Loans acquired with deteriorated credit quality (3)		0.1	52.8	1.8	-	54.7	0.3	75.6	16.0	-	91.9
	Ending balance		$ 3,553.5	$ 14,902.8	$ 115.4	$ -	$ 18,571.7	$ 2,958.0	$ 14,094.2	$ 5,068.2	$ -	$ 22,120.4
	Percent of loans to total loans		19.1%	80.3%	0.6%	-	100.0%	13.4%	63.7%	22.9%	-	100.0%










		-1		“Other reserves” represents additional credit loss reserves for unfunded lending commitments, letters of credit and for deferred purchase agreements, all of which is recorded in Other liabilities. “Other” also includes changes relating to sales and foreign currency translations.
		-2		Gross charge-offs include $6.2 million and $1.5 million charged directly to the Allowance for loan losses for the quarters ended March 31, 2014 and 2013, respectively. In 2014, $6.2 million related to North American Commercial Finance. In 2013, $1.0 million related to Non-Strategic Portfolios and $0.5 million related to North American Commercial Finance.
		-3		Represents loans considered impaired in FSA and are accounted for under the guidance in ASC 310-30 (Loans and Debt Securities Acquired with Deteriorated Credit Quality).

Investment_Securities

Investment Securities	3 Months Ended
Investment Securities	Mar. 31, 2014
Investment Securities [Abstract]	'
Investment Securities	'
	NOTE 4 — INVESTMENT SECURITIES

	Investments include debt and equity securities. The Company’s debt securities primarily include U.S. Treasury securities, U.S. Government Agency securities, supranational and foreign government securities that typically mature in 91 days or less, and the carrying value approximates fair value. Equity securities include common stock and warrants.


	Investment Securities (dollars in millions)







			March 31,		December 31,
			2014		2013
	Debt securities available-for-sale		$ 1,846.9		$ 1,487.8
	Equity securities available-for-sale		14.3		13.7
	Debt securities held-to-maturity (1)		304.7		1,042.3
	Non-marketable equity investments(2)		89.1		86.9
	Total investment securities		$ 2,255.0		$ 2,630.7



	(1) Recorded at amortized cost less impairment on securities that have credit-related impairment.
	(2) Non-marketable equity investments include $25.2 million and $23.6 million in limited partnerships at March 31, 2014 and December 31, 2013, respectively, accounted for under the equity method. The remaining investments are carried at cost and include qualified Community Reinvestment Act (“CRA”) investments, equity fund holdings and shares issued by customers during loan work out situations or as part of an original loan investment.

	Debt securities and equity securities classified as available-for-sale (“AFS”) are carried at fair value with changes in fair value reported in other comprehensive income (“OCI”), net of applicable income taxes.
	Debt securities classified as held-to-maturity (“HTM”) represent securities that the Company has both the ability and intent to hold until maturity, and are carried at amortized cost.
	Non-marketable equity investments include ownership interests greater than 3% in limited partnership investments that are accounted for under the equity method. Equity method investments are recorded at cost, adjusted to reflect the Company’s portion of income, loss or dividends of the investee. All other non-marketable equity investments are carried at cost and periodically assessed for other-than-temporary impairment (“OTTI”).
	The Company conducts and documents periodic reviews of all securities with unrealized losses to evaluate whether the impairment is OTTI. For debt securities classified as HTM that are considered to have OTTI that the Company does not intend to sell and it is more likely than not that the Company will not be required to sell before recovery, the OTTI is separated into an amount representing the credit loss, which is recognized in other income in the Consolidated Statement of Operations, and the amount related to all other factors, which is recognized in OCI. OTTI on debt securities and equity securities classified as AFS and non-marketable equity investments are recognized in the Consolidated Statement of Operations in the period determined.
	Realized investment gains totaled $3.3 million and $2.5 million for the quarters ended March 31, 2014 and 2013, respectively, and exclude losses from OTTI. OTTI impairments on equity securities recognized in earnings were not material for the quarters ended March 31, 2014 and March 31, 2013. Impairment amounts in accumulated other comprehensive income (“AOCI”) were not material at March 31, 2014 or December 31, 2013.
	In addition, the Company maintained $4.6 billion and $5.5 billion of interest bearing deposits at March 31, 2014 and December 31, 2013, respectively that are cash equivalents and are classified separately on the balance sheet.

	The following table presents interest and dividends on interest bearing deposits and investments:


	Interest and Dividend Income (dollars in millions)






			Three Months Ended March 31,
			2014		2013
	Interest income - interest bearing deposits		$ 4.6		$ 3.5
	Interest income - investments		3.3		1.9
	Dividends - investments		0.9		1.0
	Total interest and dividends		$ 8.8		$ 6.4

	Securities Available-for-Sale
	The following table presents amortized cost and fair value of securities AFS at March 31, 2014 and December 31, 2013.


	Securities Available for Sale — Amortized Cost and Fair Value (dollars in millions)






					Gross		Gross
			Amortized		Unrealized		Unrealized		Fair
31-Mar-14		Cost		Gains		Losses		Value
Debt securities AFS
U.S. Treasury securities		$ 1,221.2		$ -		$ -		$ 1,221.2
U.S. government agency obligations		591.2		0.1		-		591.3
Supranational and foreign government securities		34.4		-		-		34.4
Total debt securities AFS		1,846.8		0.1		-		1,846.9
Equity securities AFS		13.8		0.6		-0.1		14.3
Total securities AFS		$ 1,860.6		$ 0.7		$ (0.1)		$ 1,861.2
31-Dec-13
Debt securities AFS
U.S. Treasury securities		$ 649.1		$ -		$ -		$ 649.1
U.S. government agency obligations		711.9		-		-		711.9
Supranational and foreign government securities		126.8		-		-		126.8
Total debt securities AFS		1,487.8		-		-		1,487.8
Equity securities AFS		13.5		0.4		-0.2		13.7
Total securities AFS		$ 1,501.3		$ 0.4		$ (0.2)		$ 1,501.5




Debt Securities Held-to-Maturity
The carrying value and fair value of debt securities HTM at March 31, 2014 and December 31, 2013 were as follows:


Debt Securities Held-to-Maturity — Carrying Value and Fair Value (dollars in millions)







				Gross		Gross
		Carrying		Unrecognized		Unrecognized		Fair
		Value		Gains		Losses		Value
31-Mar-14
Mortgage-backed securities - U.S. government owned and sponsored agencies		$ 104.0		$ 1.9		$ (4.9)		$ 101.0
State and municipal		51.6		-		-3.1		48.5
Foreign government		36.3		-		-		36.3
Corporate - foreign		112.8		10.4		-		123.2
Total debt securities held-to-maturity		$ 304.7		$ 12.3		$ (8.0)		$ 309.0
31-Dec-13
U.S. government agency obligations		$ 735.5		$ 0.1		$ -		$ 735.6
Mortgage-backed securities - U.S. government owned and sponsored agencies		96.3		1.7		-5.8		92.2
State and municipal		57.4		-		-6.5		50.9
Foreign government		38.3		-		-		38.3
Corporate - foreign		114.8		9.0		-		123.8
Total debt securities held-to-maturity		$ 1,042.3		$ 10.8		$ (12.3)		$ 1,040.8



The following table presents the carrying value and fair value of debt securities HTM by contractual maturity dates:


Debt Securities Held-to-Maturity — Carrying Value and Fair Value Maturities (dollars in millions)







		31-Mar-14				31-Dec-13
		Carrying		Fair		Carrying		Fair
		Value		Value		Value		Value
U.S. government agency obligations
Total - Due within 1 year		$ -		$ -		$ 735.5		$ 735.6
Mortgage-backed securities - U.S. government owned and sponsored agencies
Due after 5 but within 10 years		1.4		1.4		-		-
Due after 10 years (1)		102.6		99.6		96.3		92.2
Total		104.0		101.0		96.3		92.2
State and municipal
Due within 1 year		0.6		0.6		0.7		0.7
Due after 1 but within 5 years		3.9		3.9		4.4		4.4
Due after 5 but within 10 years		0.6		0.6		0.7		0.7
Due after 10 years (1)		46.5		43.4		51.6		45.1
Total		51.6		48.5		57.4		50.9
Foreign government
Due within 1 year		30.9		30.9		29.8		29.8
Due after 1 but within 5 years		5.4		5.4		8.5		8.5
Total		36.3		36.3		38.3		38.3
Corporate - Foreign
Due within 1 year		0.8		0.8		0.8		0.8
Due after 1 but within 5 years		46.6		54.6		48.6		56.1
After 5 but within 10 years		65.4		67.8		65.4		66.9
Total		112.8		123.2		114.8		123.8
Total debt securities held-to-maturity		$ 304.7		$ 309.0		$ 1,042.3		$ 1,040.8

(1) Investments with no stated maturities are included as contractual maturities of greater than 10 years. Actual maturities may differ due to exercise of call or prepayment rights.

LongTerm_Borrowings

Long-Term Borrowings	3 Months Ended
Long-Term Borrowings	Mar. 31, 2014
Long-Term Borrowings [Abstract]	'
Long-Term Borrowings	'
	NOTE 5 — LONG-TERM BORROWINGS
	The following table presents outstanding long-term borrowings, net of FSA. The FSA fair value adjustment is amortized as a cost adjustment over the remaining term of the respective debt and is reflected in Interest Expense.


	Long-term Borrowings (dollars in millions)







			31-Mar-14						31-Dec-13
			CIT Group Inc.		Subsidiaries		Total		Total

	Senior Unsecured Notes(1)		$ 13,531.8		$ 0.5		$ 13,532.3		$ 12,531.6
	Secured Borrowings - excluding student loan debt		-		5,976.5		5,976.5		5,944.9
	Secured Borrowings - student loan debt(2)		-		3,160.3		3,160.3		3,273.5
	Total Long-term Borrowings		$ 13,531.8		$ 9,137.3		$ 22,669.1		$ 21,750.0


		-1		Senior Unsecured Notes at March 31, 2014 were comprised of $8,243.1 million of Unsecured Notes, $5,250.0 million of Series C Notes and $39.2 million of other unsecured debt.
		-2		In April 2014, the Company sold the student loan business and the debt secured by the loans was extinguished.

	Revolving Credit Facility
	There were no outstanding borrowings under the Revolving Credit Facility at March 31, 2014 and December 31, 2013. The amount available to draw upon at March 31, 2014 was approximately $1.4 billion, with the remaining amount of approximately $0.1 billion utilized for issuance of letters of credit.
	The Revolving Credit Facility was amended in January 2014 to reduce the total commitment amount from $2.0 billion to $1.5 billion and to extend the maturity date of the commitments to January 27, 2017. The total commitment amount now consists of a $1.15 billion revolving loan tranche and a $350 million revolving loan tranche that can also be utilized for issuance of letters of credit. The applicable margin charged under the facility was unchanged, and for LIBOR loans was 2.50% and for Base Rate loans was 1.50% at March 31, 2014. Further improvement in CIT’s long-term senior unsecured debt ratings to either BB by S&P or Ba2 by Moody’s would result in a reduction in the applicable margin to 2.25% for LIBOR based loans and to 1.25% for Base Rate loans.
	The Revolving Credit Facility may be drawn and prepaid at the option of CIT. The unutilized portion of any commitment under the Revolving Credit Facility may be reduced permanently or terminated by CIT at any time without penalty.
	The Revolving Credit Facility is unsecured and is guaranteed by eight of the Company’s domestic operating subsidiaries. The facility was amended to modify the covenant requiring a minimum guarantor asset coverage ratio and the criteria for calculating the ratio. The amended covenant requires a minimum guarantor asset coverage ratio ranging from 1.25 : 1.0 to the current requirement of 1.5 : 1.0 depending on the Company’s long-term senior unsecured, debt rating.
	The Revolving Credit Facility is also subject to a $6 billion minimum consolidated net worth covenant of the Company, tested quarterly, and limits the Company’s ability to create liens, merge or consolidate, sell, transfer, lease or dispose of all or substantially all of its assets, grant a negative pledge or make certain restricted payments during the occurrence and continuance of an event of default.

	Senior Unsecured Notes

	Senior unsecured notes include notes issued under the “shelf” registration filed in March 2012, and Series C Unsecured Notes. The notes filed under the shelf registration rank equal in right of payment with the Series C Unsecured Notes and the Revolving Credit Facility.
	The following tables present the principal amounts of Senior Unsecured Notes issued under the Company’s shelf registration and Series C Unsecured Notes by maturity date.

	Senior Unsecured Notes (dollars in millions)



	Maturity Date		Rate (%)		Date of Issuance		Par Value
	April 2014*		5.250%		Mar-11		$ 1,300.0
	February 2015*		4.750%		Feb-12		1,500.0
	May-17		5.000%		May-12		1,250.0
	Aug-17		4.250%		Aug-12		1,750.0
	Mar-18		5.250%		Mar-12		1,500.0
	April 2018*		6.625%		Mar-11		700.0
	February 2019*		5.500%		Feb-12		1,750.0
	Feb-19		3.875%		Feb-14		1,000.0
	May-20		5.375%		May-12		750.0
	Aug-22		5.000%		Aug-12		1,250.0
	Aug-23		5.000%		Aug-13		750.0
	Weighted average and total		5.01%				$ 13,500.0


	* Series C Unsecured Notes
	On April 1, 2014, we repaid the maturing $1.3 billion Series C Unsecured Notes.

	The Indentures for the Senior Unsecured Notes and Series C Unsecured Notes limit the Company’s ability to create liens, merge or consolidate, or sell, transfer, lease or dispose of all or substantially all of its assets. Upon a Change of Control Triggering Event as defined in the Indentures for the Senior Unsecured Notes and Series C Unsecured Notes, holders of the Senior Unsecured Notes and Series C Unsecured Notes will have the right to require the Company, as applicable, to repurchase all or a portion of the Senior Unsecured Notes and Series C Unsecured Notes at a purchase price equal to 101% of the principal amount, plus accrued and unpaid interest to the date of such repurchase.

	Other debt of $39.2 million includes senior unsecured notes issued prior to CIT’s reorganization.
	Secured Borrowings
	Set forth below are borrowings and pledged assets primarily owned by consolidated variable interest entities (“VIE”). Creditors of these entities received ownership and/or security interests in the assets. The assets of the consolidated VIEs will be used to settle the liabilities of those entities and, except for the Company’s interest in the VIEs, are not available to the creditors or any affiliates of CIT.


Secured Borrowings and Pledged Assets Summary (1) (2) (dollars in millions)






		31-Mar-14				31-Dec-13
		Secured Borrowing		Pledged Assets		Secured Borrowing		Pledged Assets
Rail(3)		$ 1,296.3		$ 1,776.9		$ 931.0		$ 1,163.1
Aerospace(3)		2,288.4		4,010.3		2,366.1		4,126.7
International Finance		604.2		777.3		583.5		748.1
Subtotal - Transportation & International Finance		4,188.9		6,564.5		3,880.6		6,037.9
Corporate Finance		227.8		259.7		320.2		447.4
Commercial Services		334.7		1,748.9		334.7		1,453.2
Equipment Finance		1,044.3		1,328.1		1,227.2		1,499.7
Subtotal - North American Commercial Finance		1,606.8		3,336.7		1,882.1		3,400.3
Consumer (Student Loans)(3) (4)		3,160.3		3,332.9		3,265.6		3,438.2
Small Business Loans		180.8		209.2		190.1		220.1
Subtotal - Non Strategic Portfolios		3,341.1		3,542.1		3,455.7		3,658.3
Total		$ 9,136.8		$ 13,443.3		$ 9,218.4		$ 13,096.5

(1) As part of our liquidity management strategy, we pledge assets to secure financing transactions (which include securitizations), borrowings from the FHLB and FRB, and for other purposes as required or permitted by law.
(2) At March 31, 2014 we had pledged assets (including collateral for the FRB discount window not in the table above) of $15.6 billion, which included $9.3 billion of loans (including amounts held for sale), $5.3 billion of operating lease assets, $0.9 billion of cash and $0.1 billion of investment securities.
(3) At March 31, 2014 the GSI TRS related borrowings and pledged assets, respectively, of $963.6 million and $1.96 billion were included in Transportation & International Finance and $783.2 million and $879.8 million in Non-Strategic Portfolios. The GSI TRS is described in Note 6 – Derivative Financial Instruments.
(4) In April 2014, the Company sold the student loan assets and the debt secured by these loans was extinguished.

Variable Interest Entities
The Company utilizes VIEs in the ordinary course of business to support its own and its customers’ financing needs.
The most significant types of VIEs that CIT utilizes are ‘on balance sheet’ secured financings of pools of leases and loans originated by the Company where the Company is the primary beneficiary. The Company originates pools of assets and sells these to special purpose entities, which, in turn, issue debt instruments backed by the asset pools or sell individual interests in the assets to investors. CIT retains the servicing rights and participates in certain cash flows. These VIEs are typically organized as trusts or limited liability companies, and are intended to be bankruptcy remote, from a legal standpoint.
The main risks inherent in these secured borrowing structures are deterioration in the credit performance of the vehicle’s underlying asset portfolio and risk associated with the servicing of the underlying assets.
Lenders typically have recourse to the assets in the VIEs and may benefit from other credit enhancements, such as: (1) a reserve or cash collateral account that requires the Company to deposit cash in an account, which will first be used to cover any defaulted obligor payments, (2) over-collateralization in the form of excess assets in the VIE, or (3) subordination, whereby the Company retains a subordinate position in the secured borrowing which would absorb losses due to defaulted obligor payments before the senior certificate holders. The VIE may also enter into derivative contracts in order to convert the debt issued by the VIEs to match the underlying assets or to limit or change the risk of the VIE.
With respect to events or circumstances that could expose CIT to a loss, as these are accounted for as on balance sheet, the Company records an allowance for loan losses for the credit risks associated with the underlying leases and loans. The VIE has an obligation to pay the debt in accordance with the terms of the underlying agreements.
Generally, third-party investors in the obligations of the consolidated VIEs have legal recourse only to the assets of the VIEs and do not have recourse to the Company beyond certain specific provisions that are customary for secured financing transactions, such as asset repurchase obligations for breaches of representations and warranties. In addition, the assets are generally restricted only to pay such liabilities.

Derivative_Financial_Instrumen

Derivative Financial Instruments	3 Months Ended
Derivative Financial Instruments	Mar. 31, 2014
Derivative Financial Instruments [Abstract]	'
Derivative Financial Instruments	'
	NOTE 6 — DERIVATIVE FINANCIAL INSTRUMENTS

	As part of managing economic risk and exposure to interest rate and foreign currency risk, the Company enters into derivative transactions in over-the-counter markets with other financial institutions. The Company does not enter into derivative financial instruments for speculative purposes.

	The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”) includes measures to broaden the scope of derivative instruments subject to regulation by requiring clearing and exchange trading of certain derivatives, and imposing margin, reporting and registration requirements for certain market participants. Since the Company does not meet the definition of a Swap Dealer or Major Swap Participant under the Act, the new reporting and clearing obligations, which became effective April 10, 2013, apply to a limited number of derivative transactions executed with its lending customers in order to manage their interest rate risk.

	See Note 1 — “Business and Summary of Significant Accounting Policies” in our December 31, 2013 Form 10-K for further description of the Company’s derivative transaction policies.
	The following table presents fair values and notional values of derivative financial instruments:


	Fair and Notional Values of Derivative Financial Instruments (1) (dollars in millions)














			31-Mar-14						31-Dec-13
			Notional		Asset Fair		Liability		Notional		Asset Fair		Liability
	Qualifying Hedges		Amount		Value		Fair Value		Amount		Value		Fair Value
	Cross currency swaps - net investment hedges		$ 45.2		$ 2.9		$ -		$ 47.1		$ 1.1		$ -
	Foreign currency forward contracts – cash flow hedges		3.8		-		-0.3		3.8		-		-0.3
	Foreign currency forward contracts – net investment hedges		1,667.7		24.0		-31.8		1,436.8		11.8		-23.8
	Total Qualifying Hedges		1,716.7		26.9		-32.1		1,487.7		12.9		-24.1
	Non-Qualifying Hedges
	Cross currency swaps		126.7		11.5		-		131.8		6.3		-
	Interest rate swaps		1,579.1		8.5		-29.4		1,386.0		5.7		-25.4
	Written options		563.8		-		-0.9		566.0		-		-1
	Purchased options		813.5		1.0		-		816.8		1.2		-
	Foreign currency forward contracts		1,875.1		42.6		-43.9		1,979.9		23.4		-50.8
	TRS		584.0		-		-11.4		485.2		-		-9.7
	Equity Warrants		1.0		0.6		-		1.0		0.8		-
	Total Non-qualifying Hedges		5,543.2		64.2		-85.6		5,366.7		37.4		-86.9

	Total Hedges		$ 7,259.9		$ 91.1		$ (117.7)		$ 6,854.4		$ 50.3		$ (111.0)




		-1		Presented on a gross basis

	Total Return Swaps

	Two financing facilities between two wholly-owned subsidiaries of CIT and Goldman Sachs International (“GSI”) are structured as total return swaps (“TRS”), under which amounts available for advances are accounted for as derivatives. Pursuant to applicable accounting guidance, only the unutilized portion of the TRS is accounted for as a derivative and recorded at its estimated fair value. The size of the CIT Financial Ltd. (“CFL”) facility is $1.5 billion and the CIT TRS Funding B.V. (“BV”) facility is $625 million.

	The aggregate “notional amounts” of the TRS of $584.0 million at March 31, 2014 and $485.2 million at December 31, 2013 represent the aggregate unused portions under the CFL and BV facilities and constitute derivative financial instruments. These notional amounts are calculated as the maximum aggregate facility commitment amounts, currently $2,125.0 million, less the aggregate actual adjusted qualifying borrowing base outstanding of $1,541.0 million at March 31, 2014 and $1,639.8 million at December 31, 2013. The notional amounts of the derivatives will increase as the adjusted qualifying borrowing base decreases due to repayment of the underlying asset-backed securities (“ABS”) to investors. If CIT funds additional ABS under the CFL or BV facilities, the aggregate adjusted qualifying borrowing base of the total return swaps will increase and the notional amount of the derivatives will decrease accordingly.

	Valuation of the derivatives related to the GSI facilities is based on several factors using a discounted cash flow (“DCF”) methodology, including:
		-		CIT’s funding costs for similar financings based on current market conditions;
		-		Forecasted usage of the facilities through the final maturity date in 2028; and
		-		Forecasted amortization, including prepayment assumptions, due to principal payments on the underlying ABS, which impacts the amount of the unutilized portion.

	Based on the Company’s valuation, a liability of $11.4 million and $9.7 million was recorded at March 31, 2014 and December 31, 2013, respectively. The change in value is recorded in other income in the statement of operations.

	In April 2014, the Company sold its student loan assets and extinguished the debt secured by these loans. Approximately $0.8 billion of the extinguished debt served as reference obligations under the TRS. The extinguishment of this debt increases the unfunded portion of the TRS and thus increases the derivative. Management is structuring additional transactions that will utilize the facility and expects them to close in either the second or third quarter.

Impact of Collateral and Netting Arrangements on the Total Derivative Portfolio

The following tables present a summary, as at March 31, 2014 and December 31, 2013, of the gross amounts of recognized financial assets and liabilities; the amounts offset in the consolidated balance sheet; the net amounts presented in the consolidated balance sheet; the amounts subject to an enforceable master netting arrangement or similar agreement that were not included in the offset amount above, and the amount of cash collateral received or pledged. Substantially the entire derivative portfolio is under an International Swaps and Derivatives Association (“ISDA”) agreement.



Offsetting of Derivative Assets and Liabilities (dollars in millions)





								Gross Amounts not offset in the Consolidated Balance Sheet

		Gross Amount of Recognized Assets (Liabilities)		Gross Amount Offset in the Consolidated Balance Sheet		Net Amount Presented in the Consolidated Balance Sheet		Derivative Financial Instruments (1)		Cash Collateral Pledged/(Received) (1)(2)		Net Amount
31-Mar-14
Derivative assets		$ 91.1		$ -		$ 91.1		$ (51.4)		$ (23.8)		$ 15.9
Derivative liabilities		-117.7		-		-117.7		51.4		23.5		-42.8

31-Dec-13
Derivative assets		$ 50.3		$ -		$ 50.3		$ (33.4)		$ (5.0)		$ 11.9
Derivative liabilities		-111		-		-111		33.4		41.0		-36.6

(1) The Company’s derivative transactions are governed by ISDA agreements that allow for net settlements of certain payments as well as offsetting of all contracts (“Derivative Financial Instruments”) with a given counterparty in the event of bankruptcy or default of one of the two parties to the transaction. We believe our ISDA agreements meet the definition of a master netting arrangement or similar agreement for purposes of the above disclosure. In conjunction with the ISDA agreements, the Company has entered into collateral arrangements with its counterparties which provide for the exchange of cash depending on the change in the market valuation of the derivative contracts outstanding. Such collateral is available to be applied in settlement of the net balances upon the event of default by one of the counterparties.

(2) Collateral pledged or received is included in Other assets or Other liabilities, respectively.


The following table presents the impact of derivatives on the statements of operations:


Derivative Instrument Gains and Losses (dollars in millions)





				Quarters Ended March 31,
Derivative Instruments		Gain / (Loss) Recognized		2014		2013
Qualifying Hedges
Foreign currency forward contracts – cash flow hedges		Other income		$ -		$ (0.3)
Total Qualifying Hedges				-		-0.3
Non Qualifying Hedges
Cross currency swaps		Other income		5.1		6.8
Interest rate swaps		Other income		3.8		3.8
Interest rate options		Other income		-0.1		0.0
Foreign currency forward contracts		Other income		29.1		24.7
Equity warrants		Other income		-0.2		0.2
TRS		Other income		-1.7		2.7
Total Non-qualifying Hedges				36.0		38.2
Total derivatives-income statement impact				$ 36.0		$ 37.9


The following table presents the changes in AOCI relating to derivatives:



Changes in AOCI Relating to Derivatives (dollars in millions)








Contract Type		Derivatives - effective portion reclassified from AOCI to income		Hedge ineffectiveness recorded directly in income		Total income statement impact		Derivatives - effective portion recorded in OCI		Total change in OCI for period
Quarter Ended March 31, 2014
Foreign currency forward contracts - cash flow hedges		$ -		$ -		$ -		$ -		$ -
Foreign currency forward contracts - net investment hedges		-3.1		-		-3.1		4.5		7.6
Cross currency swaps - net investment hedges		-		-		-		1.8		1.8
Total		-3.1		-		-3.1		6.3		9.4

Quarter Ended March 31, 2013
Foreign currency forward contracts - cash flow hedges		$ (0.3)		$ -		$ (0.3)		$ (0.4)		$ (0.1)
Foreign currency forward contracts - net investment hedges		-3.2		-		-3.2		19.2		22.4
Cross currency swaps - net investment hedges		-		-		-		3.8		3.8
Total		-3.5		-		-3.5		22.6		26.1


The estimated amount of net losses on cash flow hedges recorded in AOCI at March 31, 2014 expected to be recognized in income over the next 12 months is $(0.2) million.

Fair_Value

Fair Value	3 Months Ended
Fair Value	Mar. 31, 2014
Fair Value [Abstract]	'
Fair Value	'
	NOTE 7 — FAIR VALUE
	Fair Value Hierarchy
	The Company is required to report fair value measurements for specified classes of assets and liabilities. See Note 1 — “Business and Summary of Significant Accounting Policies” in our December 31, 2013 Form 10-K for further description of the Company’s fair value measurement policy.
	The Company characterizes inputs in the determination of fair value according to the fair value hierarchy. The fair value of the Company’s assets and liabilities where the measurement objective specifically requires the use of fair value are set forth in the tables below:



	Assets and Liabilities Measured at Fair Value on a Recurring Basis (dollars in millions)







	31-Mar-14	Total	Level 1	Level 2	Level 3
	Assets
	Debt Securities AFS	$ 1,846.9	$ 1,255.6	$ 591.3	$ -
	Equity Securities AFS	14.3	14.3	-	-
	Trading assets at fair value - derivatives	64.2	-	64.2	-
	Derivative counterparty assets at fair value	26.9	-	26.9	-
	Total Assets	$ 1,952.3	$ 1,269.9	$ 682.4	$ -
	Liabilities
	Trading liabilities at fair value - derivatives	$ (85.6)	$ -	$ (74.2)	$ (11.4)
	Derivative counterparty liabilities at fair value	-32.1	-	-32.1	-
	Total Liabilities	$ (117.7)	$ -	$ (106.3)	$ (11.4)
	31-Dec-13
	Assets
	Debt Securities AFS	$ 1,487.8	$ 675.9	$ 811.9	$ -
	Equity Securities AFS	13.7	13.7	-	-
	Trading assets at fair value - derivatives	37.4	-	37.4	-
	Derivative counterparty assets at fair value	12.9	-	12.9	-
	Total	$ 1,551.8	$ 689.6	$ 862.2	$ -
	Liabilities
	Trading liabilities at fair value - derivatives	$ (86.9)	$ -	$ (77.2)	$ (9.7)
	Derivative counterparty liabilities at fair value	-24.1	-	-24.1	-
	Total	$ (111.0)	$ -	$ (101.3)	$ (9.7)




	The following table presents financial instruments for which a non-recurring change in fair value has been recorded:


	Assets Measured at Fair Value on a Non-recurring Basis with a Change in Fair Value Recorded (dollars in millions)






			Fair Value Measurements at Reporting Date Using:
		Total	Level 1	Level 2	Level 3	Total Gains and (Losses)
	Assets
	31-Mar-14
	Assets held for sale	$ 19.6	$ -	$ -	$ 19.6	$ (1.8)
	Impaired loans	37.6	-	-	37.6	-2.7
	Total	$ 57.2	$ -	$ -	$ 57.2	$ (4.5)
	31-Dec-13
	Assets held for sale	$ 731.1	$ -	$ -	$ 731.1	$ (59.4)
	Impaired loans	18.5	-	-	18.5	-1.6
	Total	$ 749.6	$ -	$ -	$ 749.6	$ (61.0)



Loans are transferred from held for investment (“HFI”) to Assets held for sale (“HFS”) at the lower of cost or fair value. At the time of transfer, a write-down of the loan is recorded as a charge-off, if applicable. Once classified as HFS, the amount by which the carrying value exceeds fair value is recorded as a valuation allowance.
Impaired finance receivables of $500,000 or greater that are placed on non-accrual status are subject to periodic individual review in conjunction with the Company’s ongoing problem loan management (PLM) function. Impairment occurs when, based on current information and events, it is probable that CIT will be unable to collect all amounts due according to contractual terms of the agreement. Impairment is measured as the shortfall between estimated value and recorded investment in the finance receivable, with the estimated value determined using fair value of collateral and other cash flows if the finance receivable is collateralized, or the present value of expected future cash flows discounted at the contract’s effective interest rate.
Level 3 Gains and Losses
The tables below set forth a summary of changes in the estimated fair value of the Company’s Level 3 financial assets and liabilities measured on a recurring basis:



Changes in Fair Value of Level 3 Financial Assets and Liabilities Measured on a Recurring Basis (dollars in millions)






	Total	Derivatives
31-Dec-13	$ (9.7)	$ (9.7)
Gains or losses realized/unrealized
Included in Other Income	-1.7	-1.7
31-Mar-14	$ (11.4)	$ (11.4)
31-Dec-12	$ (5.8)	$ (5.8)
Gains or losses realized/unrealized
Included in Other Income	2.7	2.7
31-Mar-13	$ (3.1)	$ (3.1)

Level 3 liabilities at March 31, 2014 and 2013 represent the valuation of the derivatives related to the GSI facilities.
Fair Values of Financial Instruments
The carrying and estimated fair values of financial instruments presented below exclude leases and certain other assets and liabilities, for which disclosure is not required.


Estimated Fair Value of Assets and Liabilities (dollars in millions)






	31-Mar-14		31-Dec-13
	Carrying	Estimated	Carrying	Estimated
	Value	Fair Value	Value	Fair Value
Assets
Trading assets at fair value - derivatives	64.2	64.2	$ 37.4	$ 37.4
Derivative counterparty assets at fair value	26.9	26.9	12.9	12.9
Assets held for sale (excluding leases)	3,753.1	3,947.0	3,789.7	4,013.6
Loans (excluding leases)	12,894.0	13,019.5	12,628.2	12,690.2
Investment Securities	2,255.0	2,259.3	2,630.7	2,629.2
Other assets subject to fair value disclosure and unsecured counterparty receivables (1)	956.5	956.5	938.9	938.9
Liabilities
Deposits (2)	-13,240.70	-13,451.70	-12,565.00	-12,751.90
Trading liabilities at fair value - derivatives	-85.6	-85.6	-86.9	-86.9
Derivative counterparty liabilities at fair value	-32.1	-32.1	-24.1	-24.1
Long-term borrowings (2)	-22,832.90	-23,673.90	-21,958.60	-22,682.10
Other liabilities subject to fair value disclosure (3)	-1,856.40	-1,856.40	-1,931.20	-1,931.20



	-1		Other assets subject to fair value disclosure primarily include accrued interest receivable and miscellaneous receivables. These assets have carrying values that approximate fair value generally due to the short-term nature and are classified as level 3. The unsecured counterparty receivables primarily consist of amounts owed to CIT from GSI for debt discount, return of collateral posted to GSI and settlements resulting from market value changes to asset-backed securities underlying the GSI Facilities
	-2		Deposits and long-term borrowings include accrued interest, which is included in "Other liabilities" in the Balance Sheet.
	-3		Other liabilities subject to fair value disclosure include accounts payable, accrued liabilities, customer security and maintenance deposits and miscellaneous liabilities. The fair value of these approximates carrying value and are classified as level 3.
Assumptions Used to Value Financial Instruments
Derivatives – The estimated fair values of derivatives were calculated internally using observable market data and represent the net amount receivable or payable to terminate, taking into account current market rates, which represent Level 2 inputs, except for the TRS derivative that utilized Level 3 inputs. See Note 6 — Derivative Financial Instruments for notional principal amounts and fair values.
Investment Securities – Debt and equity securities classified as AFS are carried at fair value, as determined either by Level 1 or Level 2 inputs. Debt securities classified as AFS included investments in U.S. Treasury and federal government agency securities and were valued using Level 2 inputs, primarily quoted prices for similar securities. Certain equity securities classified as AFS were valued using Level 1 inputs, primarily quoted prices in active markets, while other equity securities used Level 2 inputs, due to being less frequently traded or having limited quoted market prices. Debt securities classified as HTM are securities that the Company has both the ability and the intent to hold until maturity and are carried at amortized cost and periodically assessed for OTTI, with the cost basis reduced when impairment is deemed to be other-than-temporary. Non-marketable equity investments are generally recorded under the cost or equity method of accounting and are periodically assessed for OTTI, with the net asset values reduced when impairment is deemed to be other-than-temporary. For investments in limited equity partnership interests, we use the net asset value provided by the fund manager as an appropriate measure of fair value.
Assets held for sale – Assets held for sale are recorded at lower of cost or fair value on the balance sheet. Most of the assets are subject to a binding contract, current letter of intent or other third-party valuation, which are Level 3 inputs. For the remaining assets, the fair value is generally determined using internally generated valuations or discounted cash flow analysis, which are considered Level 3 inputs. Commercial loans are generally valued individually, while small-ticket commercial loans are valued on an aggregate portfolio basis.
Loans – Since there is no liquid secondary market for most loans in the Company’s portfolio, the fair value is estimated based on discounted cash flow analyses which use Level 3 inputs. In addition to the characteristics of the underlying contracts, key inputs to the analysis include interest rates, prepayment rates, and credit spreads. For the commercial loan portfolio, the market based credit spread inputs are derived from instruments with comparable credit risk characteristics obtained from independent third party vendors. For the consumer loan portfolio, the discount spread is derived based on the Company’s estimate of a market participant’s required return on equity that incorporates credit loss estimates based on expected and current default rates. As these Level 3 unobservable inputs are specific to individual loans / collateral types, management does not believe that sensitivity analysis of individual inputs is meaningful, but rather that sensitivity is more meaningfully assessed through the evaluation of aggregate carrying values of the loans. The fair value of loans at March 31, 2014 was $13.0 billion, which is 101.0% of carrying value.
Impaired Loans – The value of impaired loans is estimated using the fair value of collateral (on an orderly liquidation basis) if the loan is collateralized, or the present value of expected cash flows utilizing the current market rate for such loan. As these Level 3 unobservable inputs are specific to individual loans / collateral types, management does not believe that sensitivity analysis of individual inputs is meaningful, but rather that sensitivity is more meaningfully assessed through the evaluation of aggregate carrying values of impaired loans relative to contractual amounts owed (unpaid principal balance or “UPB”) from customers. As of March 31, 2014, the UPB related to impaired loans, including loans for which the Company is applying the income recognition and disclosure guidance in ASC 310-30 (Loans and Debt Securities Acquired with Deteriorated Credit Quality), totaled $336.4 million. Including related allowances, these loans are carried at $247.6 million, or 74% of UPB. Of these amounts, $172.0 million and $152.0 million of UPB and carrying value, respectively, relate to loans with no specific allowance. The difference between UPB and carrying value reflects cumulative charge-offs on accounts remaining in process of collection, FSA discounts and allowances. See Note 2 - Loans for more information.
Deposits – The fair value of deposits was estimated based upon a present value discounted cash flow analysis. Discount rates used in the present value calculation are based on the Company’s average current deposit rates for similar terms, which are Level 3 inputs.
Long-term borrowings – Unsecured borrowings of approximately $13.5 billion par value at March 31, 2014, were valued based on quoted market prices, which are Level 1 inputs. Approximately $5.5 billion par value of the secured borrowings at March 31, 2014 utilized market inputs to estimate fair value, which are Level 2 inputs. Where market estimates were not available for approximately $3.9 billion par value at March 31, 2014, fair values were estimated using a discounted cash flow analysis with a discount rate approximating current market rates for issuances by CIT of similar term debt, which are Level 3 inputs.

Regulatory_Capital

Regulatory Capital	3 Months Ended
Regulatory Capital	Mar. 31, 2014
Regulatory Capital [Abstract]	'
Regulatory Capital	'
	NOTE 8 — REGULATORY CAPITAL
	The Company and the Bank are each subject to various regulatory capital requirements administered by the Federal Reserve Bank (“FRB”) and the Federal Deposit Insurance Corporation (“FDIC”).
	Quantitative measures established by regulation to ensure capital adequacy require that the Company and the Bank each maintain minimum amounts and ratios of Total and Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets, subject to any agreement with regulators to maintain higher capital levels.
	The calculation of the Company’s regulatory capital ratios are subject to review and consultation with the FRB, which may result in refinements to amounts reported at March 31, 2014.



	Tier 1 Capital and Total Capital Components (dollars in millions)







			CIT			CIT Bank
			March 31,		December 31,	March 31,	December 31,
	Tier 1 Capital		2014		2013	2014	2013
	Total stockholders’ equity		$ 8,796.0		$ 8,838.8	$ 2,629.3	$ 2,596.6
	Effect of certain items in accumulated other comprehensive loss excluded from Tier 1 Capital		22.3		24.2	-	-
	Adjusted total equity		8,818.3		8,863.0	2,629.3	2,596.6
	Less: Goodwill(1)		-407.2		-338.3	-	-
	Disallowed intangible assets		-18.2		-20.3	-	-
	Investment in certain unconsolidated subsidiaries		-31		-32.3	-	-
	Other Tier 1 components(2)		-28.5		-32.6	-	-
	Tier 1 Capital		8,333.4		8,439.5	2,629.3	2,596.6
	Tier 2 Capital
	Qualifying allowance for credit losses and other reserves(3)		383.6		383.9	204.1	193.6
	Less: Investment in certain unconsolidated subsidiaries		-31		-32.3	-	-
	Other Tier 2 components(4)		0.2		0.1	-	-
	Total qualifying capital		$ 8,686.2		$ 8,791.2	$ 2,833.4	$ 2,790.2
	Risk-weighted assets		$ 51,752.3		$ 50,571.2	$ 16,284.4	$ 15,451.9
	Total Capital (to risk-weighted assets):
	Actual		16.8%		17.4%	17.4%	18.1%
	Required Ratio for Capital Adequacy Purposes to be well capitalized		10.0%		10.0%	10.0%	10.0%
	Tier 1 Capital (to risk-weighted assets):
	Actual		16.1%		16.7%	16.1%	16.8%
	Required Ratio for Capital Adequacy Purposes to be well capitalized		6.0%		6.0%	6.0%	6.0%
	Tier 1 Leverage Ratio:
	Actual		17.5%		18.1%	15.9%	16.9%
	Required Ratio for Capital Adequacy Purposes		4.0%		4.0%	5.0%	5.0%









		-1		Goodwill and disallowed intangible assets adjustments also reflect the portion included within assets held for sale.
		-2		Includes the portion of net deferred tax assets that does not qualify for inclusion in Tier 1 capital based on the capital guidelines, the Tier 1 capital charge for nonfinancial equity investments, qualifying noncontrolling interests and the Tier 1 capital deduction for net unrealized losses on available-for-sale marketable securities (net of tax).
		-3		“Other reserves” represents additional credit loss reserves for unfunded lending commitments, letters of credit, and deferred purchase agreements, all of which are recorded in Other Liabilities.
		-4		Banking organizations are permitted to include in Tier 2 Capital up to 45% of net unrealized pretax gains on available-for-sale equity securities with readily determinable fair values.

Income_Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2014
Income Taxes [Abstract]	'
Income Taxes	'
	NOTE 9 — INCOME TAXES
	The Company’s first quarter income tax provision was $14.2 million compared to $15.2 million in the year-ago quarter. The first quarter of 2014’s tax provision primarily reflected income tax expense on the earnings of certain international operations and state income tax expense in the U.S. The higher year-ago quarter’s income tax provision was driven by higher pre-tax income, a higher tax rate due to a less favorable geographic mix of earnings, partially offset by certain net discrete tax benefits. The year-ago quarter’s income tax provision included $5 million of net discrete tax benefits which primarily related to favorable settlements of international tax audits partially offset by the establishment of valuation allowances against certain international net deferred tax assets.
	The change in the effective tax rate each period is impacted by a number of factors, including the relative mix of domestic and foreign earnings, adjustments to the valuation allowances, and discrete items. The actual year-end 2014 effective tax rate may vary from the currently projected tax rate due to changes in these factors.
	As of December 31, 2013, CIT had cumulative U.S. federal net operating loss carry-forwards (NOLs) of $5.2 billion, of which $2.6 billion was related to pre-emergence losses. These NOLs will expire between 2027 and 2033. The Company generated a modest amount of domestic taxable losses in the first quarter of 2014, which marginally increases the U.S. federal net operating loss carry-forwards and its respective valuation allowance. Pursuant to Section 382 of the Internal Revenue Code, the Company is generally subject to a $230 million annual limitation on the use of its $2.6 billion of pre-emergence NOLs. NOLs arising in post-emergence years are not subject to this limitation absent another ownership change as defined by the Internal Revenue Service (IRS) for U.S. tax purposes.
	The Company has not recognized any tax benefit on its prior year domestic losses and certain prior year foreign losses due to uncertainties related to its ability to realize its net deferred tax assets in the future. Due to these uncertainties, combined with the recent three years of cumulative losses by certain domestic and foreign reporting entities, the Company has concluded that it does not currently meet the criteria to recognize its net deferred tax assets, inclusive of the deferred tax assets related to NOLs in these entities. Accordingly, the Company maintained a valuation allowance of $1.5 billion against its net deferred tax assets at December 31, 2013. Of the $1.5 billion valuation allowance, approximately $1.3 billion relates to domestic reporting entities and $211 million relates to foreign reporting entities.
	Management’s decision to maintain the valuation allowances on certain reporting entities’ net deferred tax assets requires significant judgment and an analysis of all the positive and negative evidence regarding the likelihood that these future benefits will be realized. The most recent three years of cumulative losses, adjusted for any non-recurring items, was considered a significant negative factor supporting the need for a valuation allowance. At the point when any of these reporting entities transition into a cumulative three year income position, management will take this trend into consideration, along with other facts and circumstances, in determining whether to release any of the valuation allowances. The other facts and circumstances that are considered in evaluating the need for or release of a valuation allowance include sustained profitability, both historical and forecast, tax planning strategies, and the carry-forward periods for the NOLs.
	Certain foreign and domestic entities with net operating loss carry-forwards have been profitable in some of the most recent periods but remain in a cumulative three year loss position. Thus, the Company continues to record a full valuation allowance on these entities’ net deferred tax assets due to their history of losses. Given the continued improvement in earnings in certain of these entities, which is one factor considered in the evaluation process, it is possible that the valuation allowance for these entities may be reduced if these trends continue and other factors do not outweigh this positive evidence.
	At the point a determination is made that it is “more likely than not” that a reporting entity will generate sufficient future taxable income to realize its respective net deferred tax assets within the carry-forward period available under the tax law for each applicable tax jurisdiction, the Company will reduce the entity’s respective valuation allowance (in full or in part), resulting in an income tax benefit in the period such a determination is made. Subsequently, a provision for income taxes will be provided for future earnings; however there will be a minimal impact on cash taxes paid for until the related NOL carry-forward is fully utilized. In addition, while GAAP equity will increase as a result of a valuation allowance reversal, we expect minimal benefit, if any, on regulatory capital.
	Liabilities for Uncertain Tax Positions
	The Company’s potential liability for uncertain tax positions totaled $320.3 million at March 31, 2014 and $320.1 million at December 31, 2013. Management estimates that this liability may be reduced by up to $5 million within the next twelve months. The Company’s accrued liability for interest and penalties totaled $13.7 million at March 31, 2014 and $13.3 million at December 31, 2013. The Company recognizes accrued interest and penalties on unrecognized tax benefits in income tax expense.

Stockholders_Equity

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Mar. 31, 2014
Stockholders' Equity [Abstract]	'
Stockholders' Equity	'
	NOTE 10 — STOCKHOLDERS’ EQUITY
	Accumulated Other Comprehensive Income (Loss)
	The following table details the components of Accumulated Other Comprehensive Income (Loss):


	Components of Accumulated Other Comprehensive Income (Loss) (dollars in millions)






		31-Mar-14				31-Dec-13
		Gross Unrealized	Income Taxes	Net Unrealized		Gross Unrealized	Income Taxes	Net Unrealized
	Foreign currency translation adjustments	$ (53.7)	$ -	$ (53.7)		$ (49.4)	$ -	$ (49.4)
	Changes in benefit plan net gain (loss) and prior service (cost)/credit	-22.7	0.2	-22.5		-24.3	0.2	-24.1
	Changes in fair values of derivatives qualifying as cash flow hedges	-0.2	-	-0.2		-0.2	-	-0.2
	Unrealized net gains (losses) on available for sale securities	0.6	-0.2	0.4		0.2	-0.1	0.1
	Total accumulated other comprehensive loss	$ (76.0)	$ -	$ (76.0)		$ (73.7)	$ 0.1	$ (73.6)

	The following table details the changes in the components of Accumulated Other Comprehensive Income (Loss).

	Changes in Accumulated Other Comprehensive Income (Loss) by Component (1) (dollars in millions)

			Foreign currency translation adjustments		Changes in benefit plan net gain (loss) and prior service (cost) credit		Changes in fair values of derivatives qualifying as cash flow hedges		Unrealized net gains (losses) on available for sale securities	Total accumulated other comprehensive income (loss) ("AOCI")
	Balance as of December 31, 2013		$ (49.4)		$ (24.1)		$ (0.2)		$ 0.1	$ (73.6)

	AOCI activity before reclassifications		-6.2		-		-		0.3	-5.9
	Amounts reclassified from AOCI		1.9		1.6		-		-	3.5
	Net current period AOCI		-4.3		1.6		-		0.3	-2.4

	Balance as of March 31, 2014		$ (53.7)		$ (22.5)		$ (0.2)		$ 0.4	$ (76.0)

	Balance as of December 31, 2012		$ (36.6)		$ (43.1)		$ (0.1)		$ 2.1	$ (77.7)

	AOCI activity before reclassifications		-8.2		-0.2		-0.4		-0.3	-9.1
	Amounts reclassified from AOCI		3.2		-		0.3		-	3.5
	Net current period AOCI		-5		-0.2		-0.1		-0.3	-5.6

	Balance as of March 31, 2013		$ (41.6)		$ (43.3)		$ (0.2)		$ 1.8	$ (83.3)

		-1		All amounts are net-of-tax.


	Other Comprehensive Income (Loss)
	The amounts included in the Statement of Comprehensive Income (Loss) are net of income taxes. The change in income taxes associated with changes in benefit plans net gain/(loss) and prior service (cost)/credit were not significant for the quarters ended March 31, 2014 and March 31, 2013. The change in income taxes associated with net unrealized gains on available for sale securities totaled approximately $(0.1) million for the quarter ended March 31, 2014 and $0.2 million for the March 31, 2013. There were no income taxes associated with foreign currency translation adjustments and changes in fair values of derivatives qualifying as cash flow hedges for the quarters ended March 31, 2014 and March 31, 2013.
	The changes in benefit plans net gain/(loss) and prior service (cost)/credit reclassification adjustments impacting net income was $1.6 million for the quarter ended March 31, 2014 and was insignificant for the prior year quarter. Foreign currency translation reclassification adjustments impacting net income were $1.9 million and $3.2 million for the quarters ended March 31, 2014 and March 31, 2013, respectively. There were no reclassification adjustments for unrealized gains (losses) on investments recognized through income for the quarters ended March 31, 2014 and March 31, 2013. Reclassification adjustments impacting net income related to changes in fair value of derivatives qualifying as cash flow hedges was insignificant for the quarter ended March 31, 2014 and was $0.3 million for the prior year quarter ended March 31, 2013.
	The Company has operations in Canada, Europe and other countries. The functional currency for foreign operations is generally the local currency. The value of assets and liabilities of these operations is translated into U.S. dollars at the rate of exchange in effect at the balance sheet date. Revenue and expense items are translated at the average exchange rates during the year. The resulting foreign currency translation gains and losses, as well as offsetting gains and losses on hedges of net investments in foreign operations, are reflected in AOCI. Transaction gains and losses resulting from exchange rate changes on transactions denominated in currencies other than the functional currency are recorded in Other Income.

	Reclassifications out of Accumulated Other Comprehensive Income (dollars in millions)


			Quarters Ended March 31,
			2014				2013			Affected Income Statement line item
			Gross Amount	Tax	Net Amount		Gross Amount	Tax	Net Amount
	Changes in benefit plan net gain/(loss) and prior service (cost)/credit gains (losses)		$ 1.6	$ -	$ 1.6		$ -	$ -	$ -	Operating Expenses
	Foreign currency translation adjustments gains (losses)		1.9	-	1.9		3.2	-	3.2	Other Income
	Changes in fair value of derivatives qualifying as cash flow hedges gains (losses)		-	-	-		0.3	-	0.3	Other Income
	Total Reclassifications out of AOCI		$ 3.5	$ -	$ 3.5		$ 3.5	$ -	$ 3.5

Commitments

Commitments	3 Months Ended
Commitments	Mar. 31, 2014
Commitments [Abstract]	'
Commitments	'
	NOTE 11 — COMMITMENTS
	The accompanying table summarizes credit-related commitments, as well as purchase and funding commitments:


	Commitments (dollars in millions)







		31-Mar-14			December 31,
		Due to Expire			2013
		Within	After	Total	Total
		One Year	One Year	Outstanding	Outstanding
	Financing Commitments
	Financing and leasing assets	$ 970.1	$ 3,566.1	$ 4,536.2	$ 4,325.8
	Letters of credit
	Standby letters of credit	32.1	318.5	350.6	302.3
	Other letters of credit	33.9	-	33.9	35.9
	Guarantees
	Deferred purchase agreements	1,681.5	-	1,681.5	1,771.6
	Guarantees, acceptances and other recourse obligations	2.5	-	2.5	3.9
	Purchase Commitments
	Aerospace equipment purchase commitments	1,211.4	7,725.2	8,936.6	8,744.5
	Rail and other equipment purchase commitments	771.0	409.5	1,180.5	1,054.0


	Financing Commitments
	Financing commitments, referred to as loan commitments or lines of credit, reflect CIT’s agreements to lend to its customers, subject to the customers’ compliance with contractual obligations. Included in the above are commitments that have been extended to and accepted by customers, clients or agents, but on which the criteria for funding have not been completed of $804 million at March 31, 2014 and $548 million at December 31, 2013. Financing commitments also include credit line agreements to Commercial Services clients that are cancellable by us only after a notice period. The notice period is typically 90 days or less. The amount available under these credit lines, net of amount of receivables assigned to us, is $214 million at March 31, 2014. As financing commitments may not be fully drawn, may expire unused, may be reduced or cancelled at the customer’s request, or may require the customer to be in compliance with certain conditions, total commitment amounts do not necessarily reflect actual future cash flow requirements.
	The table above includes approximately $1.0 billion of undrawn financing commitments at March 31, 2014 and $0.9 billion at December 31, 2013 where CIT does not have the contractual obligation to lend as the customer is not in compliance with contractual obligations.
	At March 31, 2014, substantially all undrawn financing commitments were senior facilities. Most of the Company’s undrawn and available financing commitments are in the Corporate Finance division.
	The table above excludes uncommitted revolving credit facilities extended by Commercial Services to its clients for working capital purposes. In connection with these facilities, Commercial Services has the sole discretion throughout the duration of these facilities to determine the amount of credit that may be made available to its clients at any time and whether to honor any specific advance requests made by its clients under these credit facilities.
	Letters of Credit
	In the normal course of meeting the needs of clients, CIT sometimes enters into agreements to provide financing and letters of credit. Standby letters of credit obligate the issuer of the letter of credit to pay the beneficiary if a client on whose behalf the letter of credit was issued does not meet its obligation. These financial instruments generate fees and involve, to varying degrees, elements of credit risk in excess of amounts recognized in the Consolidated Balance Sheets. To minimize potential credit risk, CIT generally requires collateral and in some cases additional forms of credit support from the client. Most of the Company’s letters of credit are in the Corporate Finance division.
	Deferred Purchase Agreements
	A Deferred Purchase Agreement (“DPA”) is provided in conjunction with Commercial Services factoring, whereby CIT provides a client with credit protection for trade receivables without purchasing the receivables. The trade receivable terms are generally sixty days or less. If the client’s customer is unable to pay an undisputed receivable solely as the result of credit risk, then CIT purchases the receivable from the client. The outstanding amount in the table above is the maximum potential exposure that CIT would be required to pay under all DPAs. This maximum amount would only occur if all receivables subject to DPAs default in the manner described above, thereby requiring CIT to purchase all such receivables from the DPA clients.
	The table above includes $1,595 million of DPA credit protection at March 31, 2014, related to receivables which have been presented to us for credit protection after shipment of goods has occurred and the customer has been invoiced. The table also includes $87 million available under DPA credit line agreements, net of amount of DPA credit protection provided at March 31, 2014. The DPA credit line agreements specify a contractually committed amount of DPA credit protection and are cancellable by us only after a notice period. The notice period is typically 90 days or less.
	The methodology used to determine the DPA liability is similar to the methodology used to determine the allowance for loan losses associated with the finance receivables, which reflects embedded losses based on various factors, including expected losses reflecting the Company’s internal customer and facility credit ratings. The liability recorded in Other Liabilities related to the DPAs totaled $6.9 million and $6.0 million at March 31, 2014 and December 31, 2013, respectively.
	Purchase Commitments
	CIT’s equipment purchase commitments relate primarily to purchases of commercial aircraft and rail equipment. Commitments to purchase new commercial aircraft are predominantly with Airbus Industries (“Airbus”), The Boeing Company (“Boeing”) and Embraer S.A. (“Embraer”). Aerospace equipment purchases are contracted for specific models, using baseline aircraft specifications at fixed prices, which reflect discounts from fair market purchase prices prevailing at the time of commitment. The delivery price of an aircraft may change depending on final specifications. Equipment purchases are recorded at the delivery date. The estimated commitment amounts in the preceding table are based on contracted purchase prices reduced for pre-delivery payments to date and exclude buyer furnished equipment selected by the lessee. Pursuant to existing contractual commitments, at March 31, 2014, 139 aircraft remain to be purchased from Airbus, Boeing and Embraer. Aircraft deliveries are scheduled periodically through 2020. Commitments exclude unexercised options to order additional aircraft.
	The Company’s rail business entered into commitments to purchase railcars from multiple manufacturers. Pursuant to these contractual commitments, at March 31, 2014, approximately 8,000 railcars remain to be purchased with deliveries through 2015. Rail equipment purchase commitments are at fixed prices subject to price increases for certain materials. Other purchase commitments relate to Equipment Finance and Maritime equipment.

	Purchase commitments also include $0.6 billion of equipment to be purchased in 2014 pursuant to sale and lease-back agreements, principally with airlines and with other equipment end-users.

Contingencies

Contingencies	3 Months Ended
Contingencies	Mar. 31, 2014
Contingencies [Abstract]	'
Contingencies	'
	NOTE 12 — CONTINGENCIES
	Litigation
	CIT is currently involved, and from time to time in the future may be involved, in a number of judicial, regulatory, and arbitration proceedings relating to matters that arise in connection with the conduct of its business (collectively, “Litigation”). In view of the inherent difficulty of predicting the outcome of Litigation matters, particularly when such matters are in their early stages or where the claimants seek indeterminate damages, CIT cannot state with confidence what the eventual outcome of the pending Litigation will be, what the timing of the ultimate resolution of these matters will be, or what the eventual loss, fines, or penalties related to each pending matter will be, if any. In accordance with applicable accounting guidance, CIT establishes reserves for Litigation when those matters present loss contingencies as to which it is both probable that a loss will occur and the amount of such loss can be reasonably estimated. Based on currently available information, CIT believes that the results of Litigation that is currently pending, taken together, will not have a material adverse effect on the Company’s financial condition, but may be material to the Company’s operating results or cash flows for any particular period, depending in part on its operating results for that period. The actual results of resolving such matters may be substantially higher than the amounts reserved.
	For certain Litigation matters in which the Company is involved, the Company is able to estimate a range of reasonably possible losses in excess of established reserves and insurance. For other matters for which a loss is probable or reasonably possible, such an estimate cannot be determined. For Litigation where losses are reasonably possible, management currently estimates the aggregate range of reasonably possible losses as up to $90 million in excess of established reserves and insurance related to those matters, if any. This estimate represents reasonably possible losses (in excess of established reserves and insurance) over the life of such Litigation, which may span a currently indeterminable number of years, and is based on information currently available as of March 31, 2014. The matters underlying the estimated range will change from time to time, and actual results may vary significantly from this estimate.
	Those Litigation matters for which an estimate is not reasonably possible or as to which a loss does not appear to be reasonably possible, based on current information, are not included within this estimated range and, therefore, this estimated range does not represent the Company’s maximum loss exposure.
	The foregoing statements about CIT’s Litigation are based on the Company’s judgments, assumptions, and estimates and are necessarily subjective and uncertain. Several of the Company’s Litigation matters are described below.
	Lac-Mégantic, Quebec Derailment
	On July 6, 2013, a freight train including five locomotives and seventy-two tank cars carrying crude oil derailed in the town of Lac-Mégantic, Quebec. Nine of the tank cars were owned by The CIT Group/Equipment Financing, Inc. (“CIT/EF”) (a wholly-owned subsidiary of the Company) and leased to Western Petroleum Company (“WPC”), a subsidiary of World Fuel Services Corp. (“WFS”). Two of the locomotives are owned by CIT/EF and were leased to Montreal, Maine & Atlantic Railway, Ltd. (“MMA”), the railroad operating the freight train at the time of the derailment, a subsidiary of Rail World, Inc.
	The derailment was followed by explosions and fire, which resulted in the deaths of over forty people, and an unknown number of injuries, the destruction of more than thirty buildings in Lac-Mégantic, and the release of crude oil on land and into the Chaudiègere River. The extent of the property and environmental damage has not yet been determined. Twenty lawsuits have been filed in Illinois by representatives of the deceased in connection with the derailment. The Company is named as a defendant in seven of the Illinois lawsuits, together with 13 other defendants, including WPC, MMA (who has since been dismissed without prejudice as a result of its chapter 11 bankruptcy filing on August 7, 2013), and the lessors of the other locomotives and tank cars. Liability could be joint and several among some or all of the defendants. All but two of these cases have been consolidated in the U.S. District Court in the Northern District of Illinois and transferred to the U.S. District Court in Maine. The Company has been named as an additional defendant in a pending class action in the Superior Court of Quebec, Canada. Other cases may be filed in U.S. and Canadian courts. The plaintiffs in the pending U.S. and Canadian actions assert claims of negligence and strict liability based upon alleged design defect against the Company in connection with the CIT/EF tank cars. The Company has rights of indemnification and defense against its lessees, WPC and MMA, and also has rights as an additional insured under liability coverage maintained by the lessees. In addition, the Company and its subsidiaries maintain contingent and general liability insurance for claims of this nature, and the Company and its insurers are working cooperatively with respect to these claims.
	The Lac-Mégantic derailment has triggered a number of regulatory investigations and actions. The Transportation Safety Board of Canada is investigating the cause of the derailment, with assistance from Transport Canada. In addition, Quebec’s Environment Ministry has issued an order to WFS, WPC, MMA, and Canadian Pacific Railway (which allegedly subcontracted with MMA) to pay for the full cost of environmental clean-up and damage assessment related to the derailment.
	As the Company is unable to predict the outcome of the foregoing legal proceedings or whether and the extent to which additional lawsuits or claims will be brought against the Company or its subsidiaries, the regulatory investigations have not been concluded, the total damages have not been quantified, there are a large number of parties named as defendants, and the extent to which resulting liability will be assessed against other parties and their financial ability to bear such responsibilities is unknown, the Company cannot reasonably estimate the amount or range of loss that may be incurred in connection with the derailment. The Company is vigorously defending the claims that have been asserted, including pursuing its rights under indemnification agreements and insurance policies. MMA’s U.S. bankruptcy trustee together with its Canadian bankruptcy monitor are exploring potential settlement with various parties, including CIT.
	BRAZILIAN TAX MATTERS
	Banco Commercial Investment Trust do Brasil S.A. (“Banco CIT”), CIT’s Brazilian bank subsidiary, is pursuing seven tax appeals relating to disputed local tax assessments on leasing services and importation of equipment. The disputes primarily involve questions of whether the correct taxing authorities were paid and whether the proper tax rate was applied.
	ISS Tax Appeals
	Notices of infraction were received relating to the payment of Imposto sobre Serviços (“ISS”), charged by municipalities in connection with services. The Brazilian municipalities of Itu and Cascavel claim that Banco CIT should have paid them ISS tax on leasing services for tax years 2006-2011. Instead, Banco CIT paid the ISS tax to Barueri, the municipality in which it is domiciled in São Paulo, Brazil. The disputed issue is whether the ISS tax should be paid to the municipality in which the leasing company is located or the municipality in which the services were rendered or the customer is located. The amounts claimed by the taxing authorities of Itu and Cascavel collectively for tax assessments and penalties are approximately 850 thousand Reais (approximately $375 thousand). Recent favorable legal precedent in a similar tax appeal has been issued by Brazil’s highest court resolving the conflict between the municipalities.
	ICMS Tax Appeals
	Notices of infraction were received relating to the payment of Imposto sobre Circulaco de Mercadorias e Servicos (“ICMS”) taxes charged by states in connection with the importation of equipment. The state of São Paulo claims that Banco CIT should have paid it ICMS tax for tax years 2006-2009 because Banco CIT, the purchaser, is located in São Paulo. Instead, Banco CIT paid ICMS tax to the states of Espirito Santo, Espirito Santa Caterina, and Alagoas, where the imported equipment arrived. A recent regulation issued by São Paulo in December 2013 reaffirms a 2009 agreement by São Paulo to conditionally recognize ICMS tax payments made to Espirito Santo. The amounts claimed by São Paulo collectively for tax assessments and penalties are approximately 72 million Reais (approximately $32 million) for goods imported into the state of Espirito Santo from 2006–2009 and the states of Espirito Santa Caterina and Alagoas in 2007 and 2008.
	A notice of infraction was received relating to São Paulo’s challenge of the ICMS tax rate paid by Banco CIT for tax years 2004–2007. São Paulo alleges that Banco CIT paid a lower rate of ICMS tax on imported equipment than was required ( 8.8% instead of 18%). Banco CIT challenged the notice of infraction and was partially successful – the period from January 1, 2004 through December 22, 2004 has been excluded from the amounts claimed to be due by São Paulo. Banco CIT has commenced a judicial proceeding challenging the unfavorable portion of the administrative ruling. The amount claimed by São Paulo for tax assessments and penalties is approximately 4 million Reais (approximately $1.8 million).
	The current potential aggregate exposure in taxes, fines and interest for the ISS and the ICMS tax matters could be up to approximately 77 million Reais (approximately $34 million).

Business_Segment_Information

Business Segment Information	3 Months Ended
Business Segment Information	Mar. 31, 2014
Business Segment Information [Abstract]	'
Business Segment Information	'
	NOTE 13 — BUSINESS SEGMENT INFORMATION
	Management’s Policy in Identifying Reportable Segments
	CIT’s reportable segments are comprised of business units that are aggregated into segments primarily based upon industry categories, geography, target markets and customers served, and, to a lesser extent, the core competencies relating to product origination, distribution methods, operations and servicing and the nature of their regulatory environment. This segment reporting is consistent with the presentation of financial information to management.
	Types of Products and Services
	In December 2013, the Company announced organization changes that became effective January 1, 2014. Management changed its operating segments to (i) realign and simplify its businesses and organizational structure, (ii) streamline and consolidate certain business processes to achieve greater operating efficiencies, and (iii) leverage CIT’s operational capabilities for the benefit of its clients and customers. Effective January 1, 2014, CIT manages its business and reports financial results in three operating segments: (1) Transportation & International Finance (“TIF”); (2) North American Commercial Finance (“NACF”); and (3) Non-Strategic Portfolios (“NSP”). These are discussed further in “Results By Business Segments”.
	The change in segment reporting does not affect CIT’s historical consolidated results of operations. The discussions below reflect the new reporting segments; all prior period comparisons have been conformed and are consistent with the presentation of financial information to management.
	TIF offers secured lending and leasing products to midsize and larger companies across the aerospace, rail and maritime industries, as well as international finance, which includes corporate lending and equipment financing businesses in China and the U.K. Revenues generated by TIF include rents collected on leased assets, interest on loans, fees, and gains from assets sold.
	NACF offers secured lending as well as other financial products and services predominately to small and midsize companies in the U.S. and Canada. These include secured revolving lines of credit and term loans, leases, accounts receivable credit protection, accounts receivable collection, import and export financing, factoring, debtor-in-possession and turnaround financing and receivable advisory services.
	Revenues generated by NACF include interest earned on loans, rents collected on leased assets, fees and other revenue from leasing activities and capital markets transactions, and commissions earned on factoring and related activities.
	Non-Strategic Portfolios (“NSP”) consists of portfolios that were determined to be subscale or no longer part of our long-term strategy. Included in NSP at March 31, 2014 are a run-off government-guaranteed student loan business, small business lending portfolio and other international portfolios, including certain ones in Latin America (including Mexico) and Europe.
	Segment Income Statement and Assets
	In the table that follows, Corporate and Other includes certain non-allocated items such as unallocated interest expense, primarily related to corporate liquidity costs (Interest Expense), mark-to-market adjustments on non-qualifying derivatives (Other Income) and restructuring charges for severance and facilities exit activities (Operating Expenses).


	Business Segments (dollars in millions)





		Transportation & International	North American	Non-Strategic	Corporate &	Total
		Finance	Commercial Finance	Portfolios	Other	CIT
	Quarter Ended March 31, 2014
	Interest income	$ 76.7	$ 193.4	$ 49.5	$ 3.7	$ 323.3
	Interest expense	-160.7	-68.9	-43.9	-17.4	-290.9
	Provision for credit losses	-12.4	-23.2	-1	-0.1	-36.7
	Rental income on operating leases	459.6	22.8	9.5	-	491.9
	Other income	7.2	61.8	7.5	-2.3	74.2
	Depreciation on operating lease equipment	-121.7	-21.9	-5.2	-	-148.8
	Maintenance and other operating lease expenses	-51.6	-	-	-	-51.6
	Operating expenses	-79.5	-121.5	-22.2	-12.5	-235.7
	Income (loss) before (provision) benefit for income taxes	$ 117.6	$ 42.5	$ (5.8)	$ (28.6)	$ 125.7
	Select Period End Balances
	Loans	$ 3,553.5	$ 14,902.8	$ 115.4	$ -	$ 18,571.7
	Credit balances of factoring clients	-	-1,213.50	-	-	-1,213.50
	Assets held for sale	92.6	67.0	4,243.4	-	4,403.0
	Operating lease equipment, net	13,926.9	210.1	45.4	-	14,182.4
	Quarter Ended March 31, 2013
	Interest income	$ 56.6	$ 219.3	$ 78.1	$ 2.7	$ 356.7
	Interest expense	-144.1	-78.6	-54.6	-14.6	-291.9
	Provision for credit losses	5.6	-24.9	-0.3	0.1	-19.5
	Rental income on operating leases	417.4	23.8	35.2	-	476.4
	Other income	16.8	63.7	-9.7	-0.7	70.1
	Depreciation on operating lease equipment	-108	-16.3	-9	-	-133.3
	Maintenance and other operating lease expenses	-42.4	-	-	-	-42.4
	Operating expenses	-63.4	-128.1	-45.1	1.3	-235.3
	Income (loss) before (provision) benefit for income taxes	$ 138.5	$ 58.9	$ (5.4)	$ (11.2)	$ 180.8
	Select Period End Balances
	Loans	$ 2,958.0	$ 14,094.2	$ 5,068.2	$ -	$ 22,120.4
	Credit balances of factoring clients	-	-1,237.70	-	-	-1,237.70
	Assets held for sale	214.1	8.5	424.2	-	646.8
	Operating lease equipment, net	12,024.6	183.8	82.2	-	12,290.6

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2014
Goodwill [Abstract]	'
Goodwill	'




	NOTE 14 – GOODWILL
	The following table summarizes goodwill assets by segment:
	Goodwill (dollars in millions)



		Transportation & International Finance	North American Commercial Finance	Total

	Balance at December 31, 2013	$ 183.1	$ 151.5	$ 334.6
	Acquisitions	68.9	-	68.9
	Balance at March 31, 2014	$ 252.0	$ 151.5	$ 403.5


	Goodwill balances as of December 31, 2013 were recorded in conjunction with FSA and represented the excess of reorganization equity value over the fair value of tangible and identifiable intangible assets, net of liabilities. Effective January 1, 2014, this goodwill was reallocated to the Company’s new TIF and NACF reporting units based on the respective reporting unit’s estimated fair value of equity. The Company evaluated goodwill for impairment immediately before and after the reallocation of goodwill to the reporting units and identified no impairment.

	On January 31, 2014, CIT acquired 100% of the outstanding shares of Paris-based Nacco, an independent full service railcar lessor in Europe. The Nacco acquisition was accounted for under the purchase method. The purchase price was approximately $250 million and the acquired assets and liabilities were recorded at their estimated fair values as of the acquisition date resulting in $68.9 million of goodwill. The assets acquired included approximately $650 million of leasing assets along with existing secured debt.

	Once goodwill has been assigned, it no longer retains its association with a particular event or acquisition, and all of the activities within a reporting unit, whether acquired or internally generated, are available to support the value of the goodwill.

Subsequent_Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'








	NOTE 15 – SUBSEQUENT EVENTS

	Debt Repayment

	On April 1, 2014 the Company repaid $1.3 billion of maturing unsecured debt that had a coupon of 5.25%.

	Dividend Declared and Share Repurchase Authorization
	In April 2014, the Board of Directors declared a quarterly cash dividend of $0.10 per share payable on May 30, 2014 and authorized an additional share repurchase of up to $300 million of common stock through December 31, 2014, bringing the total authorized repurchase to $607 million for 2014.

	Student Loan Sale
	On April 25, 2014, the Company completed the sale of the student loan business, which was included in AHFS, along with certain secured debt and servicing rights. Approximately $3.2 billion of debt was extinguished, including $0.8 billion that was repaid using a portion of the cash proceeds. As a result, in the second quarter the student loan business will be reported as discontinued operations in which we expect to recognize a net gain of over $50 million and will record incremental expense related to exiting the business.

	Aircraft Securitization Debt Redemption
	On April 18, 2014, CIT gave notice to the indenture trustee of our intention to redeem on May 20, 2014 $366 million of outstanding secured debt related to two aircraft securitization vehicles. These notes are also included as reference obligations in the GSI TRS. As a result of this redemption, during the second quarter, CIT expects to recognize income of approximately $16 million from acceleration of the debt FSA and reimbursement of the debt original issue discount related to these notes.

Business_And_Summary_Of_Signif1

Business And Summary Of Significant Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2014
Business And Summary Of Significant Accounting Policies [Abstract]	'
Principles Of Consolidation	'
	Principles of Consolidation
	The accompanying consolidated financial statements include financial information related to CIT Group Inc., a Delaware corporation, and its majority owned subsidiaries, including the Bank, and those variable interest entities (“VIEs”) where the Company is the primary beneficiary. Assets held in an agency or fiduciary capacity are not included in the consolidated financial statements.
	In preparing the consolidated financial statements, all significant intercompany accounts and transactions have been eliminated. These consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q for interim financial information and accordingly, do not include all information and note disclosures required by generally accepted accounting principles in the United States of America (“GAAP”) for complete financial statements. The financial statements in this Form 10-Q have not been audited by an independent registered public accounting firm in accordance with standards of the Public Company Accounting Oversight Board (U.S.), but in the opinion of management include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of CIT’s financial position, results of operations and cash flows in accordance with GAAP. These consolidated financial statements should be read in conjunction with our current Form 10-K on file.
	The consolidated financial statements include the effects of adopting Fresh Start Accounting (“FSA”) upon emergence from bankruptcy on December 10, 2009, as required by GAAP, based on a convenience date of December 31, 2009. Accretion and amortization of certain FSA adjustments are included in the Consolidated Statements of Operations and Cash Flows.
	The accounting and financial reporting policies of CIT Group Inc. conform to GAAP and the preparation of the consolidated financial statements requires management to make estimates and assumptions that affect reported amounts and disclosures. Actual results could differ from those estimates and assumptions. Some of the more significant estimates include: allowance for loan losses, loan impairment, fair value determination, lease residual values, liabilities for uncertain tax positions, realizability of deferred tax assets and goodwill assets. Additionally where applicable, the policies conform to accounting and reporting guidelines prescribed by bank regulatory authorities.

Revision	'RevisionsIn preparing the financial statements for the quarter ended March 31, 2014, the Company discovered and corrected an immaterial error impacting the classification of Interest Bearing Deposits and Cash and due from Banks in the amount of $300 million as of December 31, 2013. The Company also discovered and corrected an immaterial error impacting the classification of railcar maintenance expenses. Management determined that railcar maintenance expenses, which reduced "Rental income on operating leases", should be reflected as a separate line item in the "Other expenses" section of the Company's Consolidated Statement of Operations (i.e., gross presentation). These classification errors had no impact on the Company's Consolidated Balance Sheet or Consolidated Statement of Cash Flows in any period.
New Accounting Pronouncements	'
	NEW ACCOUNTING PRONOUNCEMENTS
	Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity

	On April 10, 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. The final guidance raises the threshold for a disposal to qualify as a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. The ASU is aimed at reducing the frequency of disposals reported as discontinued operations by focusing on strategic shifts that have or will have a major effect on an entity’s operations and financial results. In another change from current US GAAP, the guidance permits companies to have continuing cash flows and significant continuing involvement with the disposed component.

	The ASU eliminates most of the scope exceptions in current US GAAP. Under the revised standard, a discontinued operation is (1) a component of an entity or group of components that has been disposed of by sale, disposed of other than by sale or is classified as held for sale that represents a strategic shift that has or will have a major effect on an entity’s operations and financial results or (2) an acquired business or nonprofit activity that is classified as held for sale on the date of the acquisition. The guidance does not change the presentation requirements for discontinued operations in the statement where net income is presented. Although it permits significant continuing involvement, the standard does not address how companies should present continuing involvement with a discontinued operation prior to the disposal. Also, the ASU requires the reclassification of assets and liabilities of a discontinued operation in the statement of financial position for all prior periods presented.

	The standard expands the disclosures for discontinued operations and requires new disclosures related to individually material disposals that do not meet the definition of a discontinued operation, an entity’s continuing involvement with a discontinued operation following the disposal date, and retained equity method investments in a discontinued operation.

	For public entities, the guidance is effective for annual periods beginning on or after December 15, 2014 and interim periods within that year. The ASU is applied prospectively. However, all entities may early adopt the guidance for new disposals (or new classifications as held for sale) that have not been reported in financial statements previously issued or available for issuance. CIT expects to classify its guaranteed student loan business as a discontinued operation in the second quarter of 2014 due to the sale of this business in April 2014. CIT will evaluate any future dispositions under this ASU.

Loans_Tables

Loans (Tables)	3 Months Ended
Loans (Tables)	Mar. 31, 2014
Loans [Abstract]	'
Schedule Of Finance Receivables	'


	Finance Receivables by Product (dollars in millions)




		March 31,		December 31,
		2014		2013
	Loans	$ 13,980.0		$ 13,814.3
	Direct financing leases and leveraged leases	4,591.7		4,814.9
	Finance receivables	18,571.7		18,629.2
	Finance receivables held for sale	4,353.4		4,168.8
	Finance and held for sale receivables (1)	$ 22,925.1		$ 22,798.0





	Assets held for sale on the Balance Sheet includes finance receivables and operating lease equipment. As discussed in subsequent tables, since the Company manages the credit risk and collections of finance receivables held for sale consistently with its finance receivables held for investment, the applicable amount is presented

Schedule Of Finance Receivables By Segment, Based On Obligor Location	'


		31-Mar-14				31-Dec-13
		Domestic	Foreign	Total		Domestic	Foreign	Total
	Transportation & International Finance	$ 660.0	$ 2,893.5	$ 3,553.5		$ 666.6	$ 2,827.8	$ 3,494.4
	North American Commercial Finance	13,500.1	1,402.7	14,902.8		13,196.7	1,496.4	14,693.1
	Non-Strategic Portfolios	114.8	0.6	115.4		117.9	323.8	441.7
	Total	$ 14,274.9	$ 4,296.8	$ 18,571.7		$ 13,981.2	$ 4,648.0	$ 18,629.2


Components Of Net Investment In Finance Receivables	'


	Components of Net Investment in Finance Receivables (dollars in millions)






		March 31,		December 31,
		2014		2013
	Unearned income	$ (959.0)		$ (942.0)
	Unamortized (discounts)	-42.8		-47.9
	Net unamortized deferred costs and (fees)	52.0		49.7


Finance And Held-For-Sale Receivables - By Risk Rating	'


	Finance and Held for Sale Receivables — by Risk Rating (dollars in millions)







		Transportation & International Finance		North American Commercial Finance
	Grade:	Transportation Finance	International Finance	Corporate Finance	Equipment Finance	Real Estate Finance	Commercial Services	Subtotal	Non-Strategic Portfolios	Total
	31-Mar-14
	Pass	$ 1,760.0	$ 1,578.7	$ 6,208.5	$ 3,440.2	$ 1,534.3	$ 1,798.3	$ 16,320.0	$ 3,658.8	$ 19,978.8
	Special mention	62.1	94.7	593.8	288.7	80.9	293.2	1,413.4	285.3	1,698.7
	Classified - accruing	62.5	26.0	175.3	247.0	-	178.3	689.1	340.1	1,029.2
	Classified - non-accrual	15.6	20.3	63.7	65.7	-	1.9	167.2	51.2	218.4
	Total	$ 1,900.2	$ 1,719.7	$ 7,041.3	$ 4,041.6	$ 1,615.2	$ 2,271.7	$ 18,589.7	$ 4,335.4	$ 22,925.1
	31-Dec-13
	Pass	$ 1,627.3	$ 1,530.3	$ 5,783.1	$ 3,355.2	$ 1,554.8	$ 1,804.6	$ 15,655.3	$ 3,637.0	$ 19,292.3
	Special mention	28.6	145.8	769.6	363.5	-	314.7	1,622.2	472.0	2,094.2
	Classified - accruing	97.2	36.2	233.6	266.0	-	138.9	771.9	398.9	1,170.8
	Classified - non-accrual	14.3	21.0	83.8	59.4	-	4.2	182.7	58.0	240.7
	Total	$ 1,767.4	$ 1,733.3	$ 6,870.1	$ 4,044.1	$ 1,554.8	$ 2,262.4	$ 18,232.1	$ 4,565.9	$ 22,798.0


Finance And Held For Sale Receivables - Delinquency Status	'


	Finance and Held for Sale Receivables — Delinquency Status (dollars in millions)








						Total Past
			30–59 Days	60–89 Days	90 Days or	Due 30 Days or		Total Finance
			Past Due	Past Due	Greater	Greater	Current	Receivables
	31-Mar-14
	Transportation Finance		$ 7.1	$ 0.6	$ 16.4	$ 24.1	$ 1,876.1	$ 1,900.2
	International Finance		38.1	14.8	17.0	69.9	1,649.8	1,719.7
	Corporate Finance		-	-	0.5	0.5	7,040.8	7,041.3
	Equipment Finance		100.7	20.6	17.1	138.4	3,903.2	4,041.6
	Real Estate Finance		-	-	-	-	1,615.2	1,615.2
	Commercial Services		26.1	1.5	0.8	28.4	2,243.3	2,271.7
	Sub-total		172.0	37.5	51.8	261.3	18,328.4	18,589.7
	Non-Strategic Portfolios		148.1	61.5	210.5	420.1	3,915.3	4,335.4
	Total		$ 320.1	$ 99.0	$ 262.3	$ 681.4	$ 22,243.7	$ 22,925.1
	31-Dec-13
	Transportation Finance		$ 18.3	$ 0.9	$ 0.5	$ 19.7	$ 1,747.7	$ 1,767.4
	International Finance		30.6	11.6	12.6	54.8	1,678.5	1,733.3
	Corporate Finance		-	-	17.8	17.8	6,852.3	6,870.1
	Equipment Finance		116.6	30.0	18.6	165.2	3,878.9	4,044.1
	Real Estate Finance		-	-	-	-	1,554.8	1,554.8
	Commercial Services		47.9	2.4	1.0	51.3	2,211.1	2,262.4
	Sub-total		213.4	44.9	50.5	308.8	17,923.3	18,232.1
	Non-Strategic Portfolios		142.8	82.0	239.8	464.6	4,101.3	4,565.9
	Total		$ 356.2	$ 126.9	$ 290.3	$ 773.4	$ 22,024.6	$ 22,798.0


Finance Receivables On Non-accrual Status	'


	Finance Receivables on Non-accrual Status (dollars in millions)







			31-Mar-14				31-Dec-13
			Held for Investment	Held for Sale	Total		Held for Investment	Held for Sale	Total
	Transportation Finance		$ 15.6	$ -	$ 15.6		$ 14.3	$ -	$ 14.3
	International Finance		20.3	-	20.3		21.0	-	21.0
	Corporate Finance		63.7	-	63.7		83.5	0.3	83.8
	Equipment Finance		65.7	-	65.7		59.4	-	59.4
	Real Estate Finance		-	-	-		-	-	-
	Commercial Services		1.9	-	1.9		4.2	-	4.2
	Sub-total		167.2	-	167.2		182.4	0.3	182.7
	Non-Strategic Portfolios		4.4	46.8	51.2		17.6	40.4	58.0
	Total		$ 171.6	$ 46.8	$ 218.4		$ 200.0	$ 40.7	$ 240.7
	Repossessed assets				6.2				7.0
	Total non-performing assets				$ 224.6				$ 247.7
	Accruing loans past due 90 days or more
	Government guaranteed - Consumer				$ 195.6				$ 223.7
	Other				12.6				10.0
	Total				$ 208.2				$ 233.7


Impaired Loans	'


	Impaired Loans (dollars in millions)







							Three Months Ended March 31,
				31-Mar-14			2014	2013
					Unpaid		Average	Average
				Recorded	Principal	Related	Recorded	Recorded
				Investment	Balance	Allowance	Investment	Investment

	With no related allowance recorded:
	Transportation Finance			$ -	$ -	$ -	$ -	$ 3.2
	International Finance			5.1	17.9	-	6.0	5.0
	Corporate Finance			125.1	131.3	-	130.6	174.1
	Equipment Finance			6.7	7.6	-	6.3	7.8
	Commercial Services			8.5	8.5	-	8.8	10.7
	Non-Strategic Portfolios			6.6	6.7	-	8.4	41.8
	With an allowance recorded:
	Transportation Finance			15.5	15.5	0.7	14.9	19.3
	Corporate Finance			50.2	51.4	24.0	50.4	98.0
	Commercial Services			1.9	2.0	1.0	3.1	4.8
	Non-Strategic Portfolios			-	-	-	-	2.5
	Total Impaired Loans(1)			219.6	$ 240.9	25.7	228.5	$ 367.2
	Total Loans Impaired at Convenience Date(2)			54.7	95.5	1.0	54.4	99.3
	Total			$ 274.3	$ 336.4	$ 26.7	$ 282.9	$ 466.5

							Year Ended
				31-Dec-13			31-Dec-13
					Unpaid		Average
				Recorded	Principal	Related	Recorded
				Investment	Balance	Allowance	Investment
	With no related allowance recorded:
	Transportation Finance			$ -	$ -	$ -	$ 2.2
	International Finance			6.9	24.5	-	6.9
	Corporate Finance			136.1	150.1	-	152.8
	Equipment Finance			5.8	7.9	-	7.0
	Commercial Services			9.1	9.1	-	10.0
	Non-Strategic Portfolios			10.2	12.5	-	24.0
	With an allowance recorded:
	Transportation Finance			14.3	14.3	0.6	12.4
	Corporate Finance			50.6	51.7	28.8	79.7
	Commercial Services			4.2	4.2	1.0	4.6
	Non-Strategic Portfolios			-	-	-	1.0
	Total Impaired Loans (1)			237.2	274.3	30.4	300.6
	Total Loans Impaired at Convenience date(2)			54.1	95.8	1.0	80.5
	Total			$ 291.3	$ 370.1	$ 31.4	$ 381.1


		-1		Interest income recorded for the quarters ended March 31, 2014 and 2013 while the loans were impaired was $0.7 million and $4.7 million, respectively, of which $0.4 million and $0.3 million was interest recognized using the cash-basis method of accounting. Interest income recorded for the year ended December 31, 2013 while the loans were impaired was $17.7 million, of which $3.5 million was interest recognized using the cash-basis method of accounting.
		-2		Details of finance receivables that were identified as impaired at the Convenience Date are presented under Loans and Debt Securities Acquired with Deteriorated Credit Quality.

Allowance_For_Loan_Losses_Tabl

Allowance For Loan Losses (Tables)	3 Months Ended
Allowance For Loan Losses (Tables)	Mar. 31, 2014
Allowance For Loan Losses [Abstract]	'
Schedule Of Allowance For Loan Losses And Recorded Investment In Finance Receivables	'



			Quarter Ended March 31, 2014					Quarter Ended March 31, 2013
			Transportation & International Finance	North American Commercial Finance	Non-Strategic Portfolios	Corporate and Other	Total	Transportation & International Finance	North American Commercial Finance	Non-Strategic Portfolios	Corporate and Other	Total
	Beginning balance		$ 46.7	$ 303.8	$ 5.6	$ -	$ 356.1	$ 44.3	$ 293.7	$ 41.3	$ -	$ 379.3
	Provision for credit losses		12.4	23.2	1.0	0.1	36.7	-5.6	24.9	0.3	-0.1	19.5
	Other(1)		-0.4	-4.1	-	-0.1	-4.6	-0.5	-2.8	-0.1	0.1	-3.3
	Gross charge-offs (2)		-14.3	-22.6	-7.5	-	-44.4	-4.2	-14.2	-5.9	-	-24.3
	Recoveries		1.3	6.6	0.9	-	8.8	3.1	8.4	3.3	-	14.8
	Allowance balance - end of period		$ 45.7	$ 306.9	$ -	$ -	$ 352.6	$ 37.1	$ 310.0	$ 38.9	$ -	$ 386.0







			31-Mar-14					31-Mar-13
	Allowance balance:
	Loans individually evaluated for impairment		$ 0.7	$ 25.0	$ -	$ -	$ 25.7	$ 2.7	$ 36.5	$ 1.0	$ -	$ 40.2
	Loans collectively evaluated for impairment		45.0	280.9	-	-	325.9	34.4	272.4	36.7	-	343.5
	Loans acquired with deteriorated credit quality (3)		-	1.0	-	-	1.0	-	1.1	1.2	-	2.3
	Allowance balance - end of period		$ 45.7	$ 306.9	$ -	$ -	$ 352.6	$ 37.1	$ 310.0	$ 38.9	$ -	$ 386.0
	Other reserves (1)		$ 0.4	$ 30.6	$ -	$ -	$ 31.0	$ -	$ 24.7	$ 0.2	$ 0.2	$ 25.1
	Finance receivables:
	Loans individually evaluated for impairment		$ 20.6	$ 192.4	$ 6.6	$ -	$ 219.6	$ 20.3	$ 275.2	$ 45.3	$ -	$ 340.8
	Loans collectively evaluated for impairment		3,532.8	14,657.6	107.0	-	18,297.4	2,937.4	13,743.4	5,006.9	-	21,687.7
	Loans acquired with deteriorated credit quality (3)		0.1	52.8	1.8	-	54.7	0.3	75.6	16.0	-	91.9
	Ending balance		$ 3,553.5	$ 14,902.8	$ 115.4	$ -	$ 18,571.7	$ 2,958.0	$ 14,094.2	$ 5,068.2	$ -	$ 22,120.4
	Percent of loans to total loans		19.1%	80.3%	0.6%	-	100.0%	13.4%	63.7%	22.9%	-	100.0%










		-1		“Other reserves” represents additional credit loss reserves for unfunded lending commitments, letters of credit and for deferred purchase agreements, all of which is recorded in Other liabilities. “Other” also includes changes relating to sales and foreign currency translations.
		-2		Gross charge-offs include $6.2 million and $1.5 million charged directly to the Allowance for loan losses for the quarters ended March 31, 2014 and 2013, respectively. In 2014, $6.2 million related to North American Commercial Finance. In 2013, $1.0 million related to Non-Strategic Portfolios and $0.5 million related to North American Commercial Finance.
		-3		Represents loans considered impaired in FSA and are accounted for under the guidance in ASC 310-30 (Loans and Debt Securities Acquired with Deteriorated Credit Quality).

Investment_Securities_Tables

Investment Securities (Tables)	3 Months Ended
Investment Securities (Tables)	Mar. 31, 2014
Investment Securities [Abstract]	'
Schedule Of Investment Securities	'



		March 31,	December 31,
		2014	2013
	Debt securities available-for-sale	$ 1,846.9	$ 1,487.8
	Equity securities available-for-sale	14.3	13.7
	Debt securities held-to-maturity (1)	304.7	1,042.3
	Non-marketable equity investments(2)	89.1	86.9
	Total investment securities	$ 2,255.0	$ 2,630.7



	(1) Recorded at amortized cost less impairment on securities that have credit-related impairment.
	(2) Non-marketable equity investments include $25.2 million and $23.6 million in limited partnerships at March 31, 2014 and December 31, 2013, respectively, accounted for under the equity method. The remaining investments are carried at cost and include qualified Community Reinvestment Act (“CRA”) investments, equity fund holdings and shares issued by customers during loan work out situations or as part of an original loan investment.

Schedule Of Interest And Dividends On Investments	'


		Three Months Ended March 31,
		2014	2013
	Interest income - interest bearing deposits	$ 4.6	$ 3.5
	Interest income - investments	3.3	1.9
	Dividends - investments	0.9	1.0
	Total interest and dividends	$ 8.8	$ 6.4


Amortized Cost And Fair Value Of Securities Available-For-Sale	'


			Gross	Gross
		Amortized	Unrealized	Unrealized	Fair
	31-Mar-14	Cost	Gains	Losses	Value
	Debt securities AFS
	U.S. Treasury securities	$ 1,221.2	$ -	$ -	$ 1,221.2
	U.S. government agency obligations	591.2	0.1	-	591.3
	Supranational and foreign government securities	34.4	-	-	34.4
	Total debt securities AFS	1,846.8	0.1	-	1,846.9
	Equity securities AFS	13.8	0.6	-0.1	14.3
	Total securities AFS	$ 1,860.6	$ 0.7	$ (0.1)	$ 1,861.2
	31-Dec-13
	Debt securities AFS
	U.S. Treasury securities	$ 649.1	$ -	$ -	$ 649.1
	U.S. government agency obligations	711.9	-	-	711.9
	Supranational and foreign government securities	126.8	-	-	126.8
	Total debt securities AFS	1,487.8	-	-	1,487.8
	Equity securities AFS	13.5	0.4	-0.2	13.7
	Total securities AFS	$ 1,501.3	$ 0.4	$ (0.2)	$ 1,501.5


Carrying Value And Fair Value Of Securities Held-To-Maturity	'


			Gross	Gross
		Carrying	Unrecognized	Unrecognized	Fair
		Value	Gains	Losses	Value
	31-Mar-14
	Mortgage-backed securities - U.S. government owned and sponsored agencies	$ 104.0	$ 1.9	$ (4.9)	$ 101.0
	State and municipal	51.6	-	-3.1	48.5
	Foreign government	36.3	-	-	36.3
	Corporate - foreign	112.8	10.4	-	123.2
	Total debt securities held-to-maturity	$ 304.7	$ 12.3	$ (8.0)	$ 309.0
	31-Dec-13
	U.S. government agency obligations	$ 735.5	$ 0.1	$ -	$ 735.6
	Mortgage-backed securities - U.S. government owned and sponsored agencies	96.3	1.7	-5.8	92.2
	State and municipal	57.4	-	-6.5	50.9
	Foreign government	38.3	-	-	38.3
	Corporate - foreign	114.8	9.0	-	123.8
	Total debt securities held-to-maturity	$ 1,042.3	$ 10.8	$ (12.3)	$ 1,040.8



Amortized Cost And Fair Value Of Debt Securities Held-To-Maturity By Contractual Maturity Dates	'


		31-Mar-14		31-Dec-13
		Carrying	Fair	Carrying	Fair
		Value	Value	Value	Value
	U.S. government agency obligations
	Total - Due within 1 year	$ -	$ -	$ 735.5	$ 735.6
	Mortgage-backed securities - U.S. government owned and sponsored agencies
	Due after 5 but within 10 years	1.4	1.4	-	-
	Due after 10 years (1)	102.6	99.6	96.3	92.2
	Total	104.0	101.0	96.3	92.2
	State and municipal
	Due within 1 year	0.6	0.6	0.7	0.7
	Due after 1 but within 5 years	3.9	3.9	4.4	4.4
	Due after 5 but within 10 years	0.6	0.6	0.7	0.7
	Due after 10 years (1)	46.5	43.4	51.6	45.1
	Total	51.6	48.5	57.4	50.9
	Foreign government
	Due within 1 year	30.9	30.9	29.8	29.8
	Due after 1 but within 5 years	5.4	5.4	8.5	8.5
	Total	36.3	36.3	38.3	38.3
	Corporate - Foreign
	Due within 1 year	0.8	0.8	0.8	0.8
	Due after 1 but within 5 years	46.6	54.6	48.6	56.1
	After 5 but within 10 years	65.4	67.8	65.4	66.9
	Total	112.8	123.2	114.8	123.8
	Total debt securities held-to-maturity	$ 304.7	$ 309.0	$ 1,042.3	$ 1,040.8

	(1) Investments with no stated maturities are included as contractual maturities of greater than 10 years. Actual maturities may differ due to exercise of call or prepayment rights.

LongTerm_Borrowings_Tables

Long-Term Borrowings (Tables)	3 Months Ended
Long-Term Borrowings (Tables)	Mar. 31, 2014
Long-Term Borrowings [Abstract]	'
Schedule Of Outstanding Long-Term Borrowings	'


			31-Mar-14				31-Dec-13
			CIT Group Inc.		Subsidiaries	Total	Total

	Senior Unsecured Notes(1)		$ 13,531.8		$ 0.5	$ 13,532.3	$ 12,531.6
	Secured Borrowings - excluding student loan debt		-		5,976.5	5,976.5	5,944.9
	Secured Borrowings - student loan debt(2)		-		3,160.3	3,160.3	3,273.5
	Total Long-term Borrowings		$ 13,531.8		$ 9,137.3	$ 22,669.1	$ 21,750.0


		-1		Senior Unsecured Notes at March 31, 2014 were comprised of $8,243.1 million of Unsecured Notes, $5,250.0 million of Series C Notes and $39.2 million of other unsecured debt.
		-2		In April 2014, the Company sold the student loan business and the debt secured by the loans was extinguished.

Schedule Of Senior Unsecured Notes	'
	Senior Unsecured Notes (dollars in millions)



	Maturity Date		Rate (%)		Date of Issuance	Par Value
	April 2014*		5.250%		Mar-11	$ 1,300.0
	February 2015*		4.750%		Feb-12	1,500.0
	May-17		5.000%		May-12	1,250.0
	Aug-17		4.250%		Aug-12	1,750.0
	Mar-18		5.250%		Mar-12	1,500.0
	April 2018*		6.625%		Mar-11	700.0
	February 2019*		5.500%		Feb-12	1,750.0
	Feb-19		3.875%		Feb-14	1,000.0
	May-20		5.375%		May-12	750.0
	Aug-22		5.000%		Aug-12	1,250.0
	Aug-23		5.000%		Aug-13	750.0
	Weighted average and total		5.01%			$ 13,500.0




Schedule Of Secured Borrowings And Pledged Assets	'


	Secured Borrowings and Pledged Assets Summary (1) (2) (dollars in millions)






			31-Mar-14			31-Dec-13
			Secured Borrowing		Pledged Assets	Secured Borrowing	Pledged Assets
	Rail(3)		$ 1,296.3		$ 1,776.9	$ 931.0	$ 1,163.1
	Aerospace(3)		2,288.4		4,010.3	2,366.1	4,126.7
	International Finance		604.2		777.3	583.5	748.1
	Subtotal - Transportation & International Finance		4,188.9		6,564.5	3,880.6	6,037.9
	Corporate Finance		227.8		259.7	320.2	447.4
	Commercial Services		334.7		1,748.9	334.7	1,453.2
	Equipment Finance		1,044.3		1,328.1	1,227.2	1,499.7
	Subtotal - North American Commercial Finance		1,606.8		3,336.7	1,882.1	3,400.3
	Consumer (Student Loans)(3) (4)		3,160.3		3,332.9	3,265.6	3,438.2
	Small Business Loans		180.8		209.2	190.1	220.1
	Subtotal - Non Strategic Portfolios		3,341.1		3,542.1	3,455.7	3,658.3
	Total		$ 9,136.8		$ 13,443.3	$ 9,218.4	$ 13,096.5

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	3 Months Ended
Derivative Financial Instruments (Tables)	Mar. 31, 2014
Derivative Financial Instruments [Abstract]	'
Fair And Notional Values Of Derivative Financial Instruments	'



			31-Mar-14				31-Dec-13
			Notional		Asset Fair	Liability	Notional	Asset Fair	Liability
	Qualifying Hedges		Amount		Value	Fair Value	Amount	Value	Fair Value
	Cross currency swaps - net investment hedges		$ 45.2		$ 2.9	$ -	$ 47.1	$ 1.1	$ -
	Foreign currency forward contracts – cash flow hedges		3.8		-	-0.3	3.8	-	-0.3
	Foreign currency forward contracts – net investment hedges		1,667.7		24.0	-31.8	1,436.8	11.8	-23.8
	Total Qualifying Hedges		1,716.7		26.9	-32.1	1,487.7	12.9	-24.1
	Non-Qualifying Hedges
	Cross currency swaps		126.7		11.5	-	131.8	6.3	-
	Interest rate swaps		1,579.1		8.5	-29.4	1,386.0	5.7	-25.4
	Written options		563.8		-	-0.9	566.0	-	-1
	Purchased options		813.5		1.0	-	816.8	1.2	-
	Foreign currency forward contracts		1,875.1		42.6	-43.9	1,979.9	23.4	-50.8
	TRS		584.0		-	-11.4	485.2	-	-9.7
	Equity Warrants		1.0		0.6	-	1.0	0.8	-
	Total Non-qualifying Hedges		5,543.2		64.2	-85.6	5,366.7	37.4	-86.9

	Total Hedges		$ 7,259.9		$ 91.1	$ (117.7)	$ 6,854.4	$ 50.3	$ (111.0)




		-1		Presented on a gross basis

Offsetting Of Derivative Assets And Liabilities	'


	Offsetting of Derivative Assets and Liabilities (dollars in millions)





							Gross Amounts not offset in the Consolidated Balance Sheet

			Gross Amount of Recognized Assets (Liabilities)		Gross Amount Offset in the Consolidated Balance Sheet	Net Amount Presented in the Consolidated Balance Sheet	Derivative Financial Instruments (1)	Cash Collateral Pledged/(Received) (1)(2)	Net Amount
	31-Mar-14
	Derivative assets		$ 91.1		$ -	$ 91.1	$ (51.4)	$ (23.8)	$ 15.9
	Derivative liabilities		-117.7		-	-117.7	51.4	23.5	-42.8

	31-Dec-13
	Derivative assets		$ 50.3		$ -	$ 50.3	$ (33.4)	$ (5.0)	$ 11.9
	Derivative liabilities		-111		-	-111	33.4	41.0	-36.6

	(1) The Company’s derivative transactions are governed by ISDA agreements that allow for net settlements of certain payments as well as offsetting of all contracts (“Derivative Financial Instruments”) with a given counterparty in the event of bankruptcy or default of one of the two parties to the transaction. We believe our ISDA agreements meet the definition of a master netting arrangement or similar agreement for purposes of the above disclosure. In conjunction with the ISDA agreements, the Company has entered into collateral arrangements with its counterparties which provide for the exchange of cash depending on the change in the market valuation of the derivative contracts outstanding. Such collateral is available to be applied in settlement of the net balances upon the event of default by one of the counterparties.

	(2) Collateral pledged or received is included in Other assets or Other liabilities, respectively.

Derivative Instrument Gains And Losses	'


	Derivative Instrument Gains and Losses (dollars in millions)





					Quarters Ended March 31,
	Derivative Instruments		Gain / (Loss) Recognized		2014	2013
	Qualifying Hedges
	Foreign currency forward contracts – cash flow hedges		Other income		$ -	$ (0.3)
	Total Qualifying Hedges				-	-0.3
	Non Qualifying Hedges
	Cross currency swaps		Other income		5.1	6.8
	Interest rate swaps		Other income		3.8	3.8
	Interest rate options		Other income		-0.1	0.0
	Foreign currency forward contracts		Other income		29.1	24.7
	Equity warrants		Other income		-0.2	0.2
	TRS		Other income		-1.7	2.7
	Total Non-qualifying Hedges				36.0	38.2
	Total derivatives-income statement impact				$ 36.0	$ 37.9


Changes In AOCI Relating To Derivatives	'


	Changes in AOCI Relating to Derivatives (dollars in millions)








	Contract Type		Derivatives - effective portion reclassified from AOCI to income		Hedge ineffectiveness recorded directly in income	Total income statement impact	Derivatives - effective portion recorded in OCI	Total change in OCI for period
	Quarter Ended March 31, 2014
	Foreign currency forward contracts - cash flow hedges		$ -		$ -	$ -	$ -	$ -
	Foreign currency forward contracts - net investment hedges		-3.1		-	-3.1	4.5	7.6
	Cross currency swaps - net investment hedges		-		-	-	1.8	1.8
	Total		-3.1		-	-3.1	6.3	9.4

	Quarter Ended March 31, 2013
	Foreign currency forward contracts - cash flow hedges		$ (0.3)		$ -	$ (0.3)	$ (0.4)	$ (0.1)
	Foreign currency forward contracts - net investment hedges		-3.2		-	-3.2	19.2	22.4
	Cross currency swaps - net investment hedges		-		-	-	3.8	3.8
	Total		-3.5		-	-3.5	22.6	26.1

Fair_Value_Tables

Fair Value (Tables)	3 Months Ended
Fair Value (Tables)	Mar. 31, 2014
Fair Value [Abstract]	'
Assets And Liabilities Measured At Fair Value On A Recurring Basis	'


	31-Mar-14	Total	Level 1	Level 2	Level 3
	Assets
	Debt Securities AFS	$ 1,846.9	$ 1,255.6	$ 591.3	$ -
	Equity Securities AFS	14.3	14.3	-	-
	Trading assets at fair value - derivatives	64.2	-	64.2	-
	Derivative counterparty assets at fair value	26.9	-	26.9	-
	Total Assets	$ 1,952.3	$ 1,269.9	$ 682.4	$ -
	Liabilities
	Trading liabilities at fair value - derivatives	$ (85.6)	$ -	$ (74.2)	$ (11.4)
	Derivative counterparty liabilities at fair value	-32.1	-	-32.1	-
	Total Liabilities	$ (117.7)	$ -	$ (106.3)	$ (11.4)
	31-Dec-13
	Assets
	Debt Securities AFS	$ 1,487.8	$ 675.9	$ 811.9	$ -
	Equity Securities AFS	13.7	13.7	-	-
	Trading assets at fair value - derivatives	37.4	-	37.4	-
	Derivative counterparty assets at fair value	12.9	-	12.9	-
	Total	$ 1,551.8	$ 689.6	$ 862.2	$ -
	Liabilities
	Trading liabilities at fair value - derivatives	$ (86.9)	$ -	$ (77.2)	$ (9.7)
	Derivative counterparty liabilities at fair value	-24.1	-	-24.1	-
	Total	$ (111.0)	$ -	$ (101.3)	$ (9.7)


Assets Measured At Fair Value On A Non-Recurring Basis	'


			Fair Value Measurements at Reporting Date Using:
		Total	Level 1	Level 2	Level 3	Total Gains and (Losses)
	Assets
	31-Mar-14
	Assets held for sale	$ 19.6	$ -	$ -	$ 19.6	$ (1.8)
	Impaired loans	37.6	-	-	37.6	-2.7
	Total	$ 57.2	$ -	$ -	$ 57.2	$ (4.5)
	31-Dec-13
	Assets held for sale	$ 731.1	$ -	$ -	$ 731.1	$ (59.4)
	Impaired loans	18.5	-	-	18.5	-1.6
	Total	$ 749.6	$ -	$ -	$ 749.6	$ (61.0)


Changes In The Estimated Fair Value Of The Financial Assets And Liabilities Measured On A Recurring Basis	'


		Total	Derivatives
	31-Dec-13	$ (9.7)	$ (9.7)
	Gains or losses realized/unrealized
	Included in Other Income	-1.7	-1.7
	31-Mar-14	$ (11.4)	$ (11.4)
	31-Dec-12	$ (5.8)	$ (5.8)
	Gains or losses realized/unrealized
	Included in Other Income	2.7	2.7
	31-Mar-13	$ (3.1)	$ (3.1)


Carrying And Estimated Fair Values Of Financial Instruments	'


		31-Mar-14		31-Dec-13
		Carrying	Estimated	Carrying	Estimated
		Value	Fair Value	Value	Fair Value
	Assets
	Trading assets at fair value - derivatives	64.2	64.2	$ 37.4	$ 37.4
	Derivative counterparty assets at fair value	26.9	26.9	12.9	12.9
	Assets held for sale (excluding leases)	3,753.1	3,947.0	3,789.7	4,013.6
	Loans (excluding leases)	12,894.0	13,019.5	12,628.2	12,690.2
	Investment Securities	2,255.0	2,259.3	2,630.7	2,629.2
	Other assets subject to fair value disclosure and unsecured counterparty receivables (1)	956.5	956.5	938.9	938.9
	Liabilities
	Deposits (2)	-13,240.70	-13,451.70	-12,565.00	-12,751.90
	Trading liabilities at fair value - derivatives	-85.6	-85.6	-86.9	-86.9
	Derivative counterparty liabilities at fair value	-32.1	-32.1	-24.1	-24.1
	Long-term borrowings (2)	-22,832.90	-23,673.90	-21,958.60	-22,682.10
	Other liabilities subject to fair value disclosure (3)	-1,856.40	-1,856.40	-1,931.20	-1,931.20



		-1		Other assets subject to fair value disclosure primarily include accrued interest receivable and miscellaneous receivables. These assets have carrying values that approximate fair value generally due to the short-term nature and are classified as level 3. The unsecured counterparty receivables primarily consist of amounts owed to CIT from GSI for debt discount, return of collateral posted to GSI and settlements resulting from market value changes to asset-backed securities underlying the GSI Facilities
		-2		Deposits and long-term borrowings include accrued interest, which is included in "Other liabilities" in the Balance Sheet.
		-3		Other liabilities subject to fair value disclosure include accounts payable, accrued liabilities, customer security and maintenance deposits and miscellaneous liabilities. The fair value of these approximates carrying value and are classified as level 3.

Regulatory_Capital_Tables

Regulatory Capital (Tables)	3 Months Ended
Regulatory Capital (Tables)	Mar. 31, 2014
Regulatory Capital [Abstract]	'
Components Of Tier 1 Capital And Total Capital	'



			CIT			CIT Bank
			March 31,		December 31,	March 31,	December 31,
	Tier 1 Capital		2014		2013	2014	2013
	Total stockholders’ equity		$ 8,796.0		$ 8,838.8	$ 2,629.3	$ 2,596.6
	Effect of certain items in accumulated other comprehensive loss excluded from Tier 1 Capital		22.3		24.2	-	-
	Adjusted total equity		8,818.3		8,863.0	2,629.3	2,596.6
	Less: Goodwill(1)		-407.2		-338.3	-	-
	Disallowed intangible assets		-18.2		-20.3	-	-
	Investment in certain unconsolidated subsidiaries		-31		-32.3	-	-
	Other Tier 1 components(2)		-28.5		-32.6	-	-
	Tier 1 Capital		8,333.4		8,439.5	2,629.3	2,596.6
	Tier 2 Capital
	Qualifying allowance for credit losses and other reserves(3)		383.6		383.9	204.1	193.6
	Less: Investment in certain unconsolidated subsidiaries		-31		-32.3	-	-
	Other Tier 2 components(4)		0.2		0.1	-	-
	Total qualifying capital		$ 8,686.2		$ 8,791.2	$ 2,833.4	$ 2,790.2
	Risk-weighted assets		$ 51,752.3		$ 50,571.2	$ 16,284.4	$ 15,451.9
	Total Capital (to risk-weighted assets):
	Actual		16.8%		17.4%	17.4%	18.1%
	Required Ratio for Capital Adequacy Purposes to be well capitalized		10.0%		10.0%	10.0%	10.0%
	Tier 1 Capital (to risk-weighted assets):
	Actual		16.1%		16.7%	16.1%	16.8%
	Required Ratio for Capital Adequacy Purposes to be well capitalized		6.0%		6.0%	6.0%	6.0%
	Tier 1 Leverage Ratio:
	Actual		17.5%		18.1%	15.9%	16.9%
	Required Ratio for Capital Adequacy Purposes		4.0%		4.0%	5.0%	5.0%









		-1		Goodwill and disallowed intangible assets adjustments also reflect the portion included within assets held for sale.
		-2		Includes the portion of net deferred tax assets that does not qualify for inclusion in Tier 1 capital based on the capital guidelines, the Tier 1 capital charge for nonfinancial equity investments, qualifying noncontrolling interests and the Tier 1 capital deduction for net unrealized losses on available-for-sale marketable securities (net of tax).
		-3		“Other reserves” represents additional credit loss reserves for unfunded lending commitments, letters of credit, and deferred purchase agreements, all of which are recorded in Other Liabilities.
		-4		Banking organizations are permitted to include in Tier 2 Capital up to 45% of net unrealized pretax gains on available-for-sale equity securities with readily determinable fair values.

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	3 Months Ended
Stockholders' Equity (Tables)	Mar. 31, 2014
Stockholders' Equity [Abstract]	'
Components Of Accumulated Other Comprehensive Loss	'


		31-Mar-14				31-Dec-13
		Gross Unrealized	Income Taxes	Net Unrealized		Gross Unrealized	Income Taxes	Net Unrealized
	Foreign currency translation adjustments	$ (53.7)	$ -	$ (53.7)		$ (49.4)	$ -	$ (49.4)
	Changes in benefit plan net gain (loss) and prior service (cost)/credit	-22.7	0.2	-22.5		-24.3	0.2	-24.1
	Changes in fair values of derivatives qualifying as cash flow hedges	-0.2	-	-0.2		-0.2	-	-0.2
	Unrealized net gains (losses) on available for sale securities	0.6	-0.2	0.4		0.2	-0.1	0.1
	Total accumulated other comprehensive loss	$ (76.0)	$ -	$ (76.0)		$ (73.7)	$ 0.1	$ (73.6)


Changes In Accumulated Other Comprehensive Income (Loss)	'

	Changes in Accumulated Other Comprehensive Income (Loss) by Component (1) (dollars in millions)

			Foreign currency translation adjustments		Changes in benefit plan net gain (loss) and prior service (cost) credit		Changes in fair values of derivatives qualifying as cash flow hedges		Unrealized net gains (losses) on available for sale securities	Total accumulated other comprehensive income (loss) ("AOCI")
	Balance as of December 31, 2013		$ (49.4)		$ (24.1)		$ (0.2)		$ 0.1	$ (73.6)

	AOCI activity before reclassifications		-6.2		-		-		0.3	-5.9
	Amounts reclassified from AOCI		1.9		1.6		-		-	3.5
	Net current period AOCI		-4.3		1.6		-		0.3	-2.4

	Balance as of March 31, 2014		$ (53.7)		$ (22.5)		$ (0.2)		$ 0.4	$ (76.0)

	Balance as of December 31, 2012		$ (36.6)		$ (43.1)		$ (0.1)		$ 2.1	$ (77.7)

	AOCI activity before reclassifications		-8.2		-0.2		-0.4		-0.3	-9.1
	Amounts reclassified from AOCI		3.2		-		0.3		-	3.5
	Net current period AOCI		-5		-0.2		-0.1		-0.3	-5.6

	Balance as of March 31, 2013		$ (41.6)		$ (43.3)		$ (0.2)		$ 1.8	$ (83.3)

		-1		All amounts are net-of-tax.

Reclassification Out Of Accumulated Other Comprehensive Income	'

			Quarters Ended March 31,
			2014				2013			Affected Income Statement line item
			Gross Amount	Tax	Net Amount		Gross Amount	Tax	Net Amount
	Changes in benefit plan net gain/(loss) and prior service (cost)/credit gains (losses)		$ 1.6	$ -	$ 1.6		$ -	$ -	$ -	Operating Expenses
	Foreign currency translation adjustments gains (losses)		1.9	-	1.9		3.2	-	3.2	Other Income
	Changes in fair value of derivatives qualifying as cash flow hedges gains (losses)		-	-	-		0.3	-	0.3	Other Income
	Total Reclassifications out of AOCI		$ 3.5	$ -	$ 3.5		$ 3.5	$ -	$ 3.5

Commitments_Tables

Commitments (Tables)	3 Months Ended
Commitments (Tables)	Mar. 31, 2014
Commitments [Abstract]	'
Summary Of Credit-Related Commitments And Purchase And Funding Commitments	'


		31-Mar-14			December 31,
		Due to Expire			2013
		Within	After	Total	Total
		One Year	One Year	Outstanding	Outstanding
	Financing Commitments
	Financing and leasing assets	$ 970.1	$ 3,566.1	$ 4,536.2	$ 4,325.8
	Letters of credit
	Standby letters of credit	32.1	318.5	350.6	302.3
	Other letters of credit	33.9	-	33.9	35.9
	Guarantees
	Deferred purchase agreements	1,681.5	-	1,681.5	1,771.6
	Guarantees, acceptances and other recourse obligations	2.5	-	2.5	3.9
	Purchase Commitments
	Aerospace equipment purchase commitments	1,211.4	7,725.2	8,936.6	8,744.5
	Rail and other equipment purchase commitments	771.0	409.5	1,180.5	1,054.0

Business_Segment_Information_T

Business Segment Information (Tables)	3 Months Ended
Business Segment Information (Tables)	Mar. 31, 2014
Business Segment Information [Abstract]	'
Segment Profit And Assets	'
	Business Segments (dollars in millions)





		Transportation & International	North American	Non-Strategic	Corporate &	Total
		Finance	Commercial Finance	Portfolios	Other	CIT
	Quarter Ended March 31, 2014
	Interest income	$ 76.7	$ 193.4	$ 49.5	$ 3.7	$ 323.3
	Interest expense	-160.7	-68.9	-43.9	-17.4	-290.9
	Provision for credit losses	-12.4	-23.2	-1	-0.1	-36.7
	Rental income on operating leases	459.6	22.8	9.5	-	491.9
	Other income	7.2	61.8	7.5	-2.3	74.2
	Depreciation on operating lease equipment	-121.7	-21.9	-5.2	-	-148.8
	Maintenance and other operating lease expenses	-51.6	-	-	-	-51.6
	Operating expenses	-79.5	-121.5	-22.2	-12.5	-235.7
	Income (loss) before (provision) benefit for income taxes	$ 117.6	$ 42.5	$ (5.8)	$ (28.6)	$ 125.7
	Select Period End Balances
	Loans	$ 3,553.5	$ 14,902.8	$ 115.4	$ -	$ 18,571.7
	Credit balances of factoring clients	-	-1,213.50	-	-	-1,213.50
	Assets held for sale	92.6	67.0	4,243.4	-	4,403.0
	Operating lease equipment, net	13,926.9	210.1	45.4	-	14,182.4
	Quarter Ended March 31, 2013
	Interest income	$ 56.6	$ 219.3	$ 78.1	$ 2.7	$ 356.7
	Interest expense	-144.1	-78.6	-54.6	-14.6	-291.9
	Provision for credit losses	5.6	-24.9	-0.3	0.1	-19.5
	Rental income on operating leases	417.4	23.8	35.2	-	476.4
	Other income	16.8	63.7	-9.7	-0.7	70.1
	Depreciation on operating lease equipment	-108	-16.3	-9	-	-133.3
	Maintenance and other operating lease expenses	-42.4	-	-	-	-42.4
	Operating expenses	-63.4	-128.1	-45.1	1.3	-235.3
	Income (loss) before (provision) benefit for income taxes	$ 138.5	$ 58.9	$ (5.4)	$ (11.2)	$ 180.8
	Select Period End Balances
	Loans	$ 2,958.0	$ 14,094.2	$ 5,068.2	$ -	$ 22,120.4
	Credit balances of factoring clients	-	-1,237.70	-	-	-1,237.70
	Assets held for sale	214.1	8.5	424.2	-	646.8
	Operating lease equipment, net	12,024.6	183.8	82.2	-	12,290.6

Goodwill_Tables

Goodwill (Tables)	3 Months Ended
Goodwill (Tables)	Mar. 31, 2014
Goodwill [Abstract]	'
Schedule Of Goodwill	'


		Transportation & International Finance	North American Commercial Finance	Total

	Balance at December 31, 2013	$ 183.1	$ 151.5	$ 334.6
	Acquisitions	68.9	-	68.9
	Balance at March 31, 2014	$ 252.0	$ 151.5	$ 403.5

Business_And_Summary_Of_Signif2

Business And Summary Of Significant Accounting Policies (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Business And Summary Of Significant Accounting Policies [Abstract]	'
Reclassification from interest-bearing deposits to cash and due from banks	$300

Loans_Narrative_Details

Loans (Narrative) (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Percentage of TDRs non-accrual	32.00%	33.00%
Recorded investment of TDRs	$206.80	$220.90
Commitments to lend additional funds to borrowers	6.7	7.1
Troubled debt restructuring related to modifications	10.3	5.3
Troubled debt restructurings that subsequently defaulted within one year	$0.30	$26.10
Troubled debt restructuring, payment deferral rate	86.00%	88.00%
Troubled debt restructuring, covenant relief rate, other	13.00%	11.00%
Troubled debt restructuring, debt forgiveness rate	1.00%	1.00%
North American Commercial Finance [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Percentage of investments in Troubled Debt Restructurings ("TDR")	82.00%	8.00%

Loans_Schedule_Of_Finance_Rece

Loans (Schedule Of Finance Receivables) (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013
Loans [Abstract]	'		'		'
Loans	$13,980	[1]	$13,814.30	[1]	'
Direct financing leases and leveraged leases	4,591.70	[1]	4,814.90	[1]	'
Finance receivables	18,571.70	[2]	18,629.20	[2]	22,120.40
Finance receivables held for sale	4,353.40		4,168.80		'
Finance and held for sale receivables	$22,925.10	[1]	$22,798	[1]	'

[1]	Assets held for sale on the Balance Sheet includes finance receivables and operating lease equipment. As discussed in subsequent tables, since the Company manages the credit risk and collections of finance receivables held for sale consistently with its finance receivables held for investment, the applicable amount is presented in this table.
[2]	The following table presents information on assets and liabilities related to Variable Interest Entities (VIEs) that are consolidated by the Company. The difference between VIE total assets and total liabilities represents the Companyâ€™s interests in those entities, which were eliminated in consolidation. The assets of the consolidated VIEs will be used to settle the liabilities of those entities and, except for the Companyâ€™s interest in the VIEs, are not available to the creditors of CIT or any affiliates of CIT.

Loans_Finance_Receivables_By_S

Loans (Finance Receivables By Segment, Based On Obligor Location) (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Total	$18,571.70	[1]	$18,629.20	[1]	$22,120.40
Transportation And International Finance [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Total	3,553.50		3,494.40		2,958
North American Commercial Finance [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Total	14,902.80		14,693.10		14,094.20
Non-Strategic Portfolios [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Total	115.4		441.7		5,068.20
Domestic [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Total	14,274.90		13,981.20		'
Domestic [Member] \| Transportation And International Finance [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Total	660		666.6		'
Domestic [Member] \| North American Commercial Finance [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Total	13,500.10		13,196.70		'
Domestic [Member] \| Non-Strategic Portfolios [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Total	114.8		117.9		'
Foreign [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Total	4,296.80		4,648		'
Foreign [Member] \| Transportation And International Finance [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Total	2,893.50		2,827.80		'
Foreign [Member] \| North American Commercial Finance [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Total	1,402.70		1,496.40		'
Foreign [Member] \| Non-Strategic Portfolios [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Total	$0.60		$323.80		'

[1]	The following table presents information on assets and liabilities related to Variable Interest Entities (VIEs) that are consolidated by the Company. The difference between VIE total assets and total liabilities represents the Companyâ€™s interests in those entities, which were eliminated in consolidation. The assets of the consolidated VIEs will be used to settle the liabilities of those entities and, except for the Companyâ€™s interest in the VIEs, are not available to the creditors of CIT or any affiliates of CIT.

Loans_Components_Of_Net_Invest

Loans (Components Of Net Investment In Finance Receivables) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Loans [Abstract]	'	'
Unearned income	($959)	($942)
Unamortized (discounts)	-42.8	-47.9
Net amortized deferred costs and (fees)	$52	$49.70

Loans_Finance_And_HeldForSale_

Loans (Finance And Held-For-Sale Receivables - By Risk Rating) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	$22,925.10	$22,798
Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	19,978.80	19,292.30
Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,698.70	2,094.20
Classified - Accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,029.20	1,170.80
Classified- Non-accrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	218.4	240.7
Transportation And International Finance [Member] \| Transportation Finance [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,900.20	1,767.40
Transportation And International Finance [Member] \| Transportation Finance [Member] \| Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,760	1,627.30
Transportation And International Finance [Member] \| Transportation Finance [Member] \| Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	62.1	28.6
Transportation And International Finance [Member] \| Transportation Finance [Member] \| Classified - Accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	62.5	97.2
Transportation And International Finance [Member] \| Transportation Finance [Member] \| Classified- Non-accrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	15.6	14.3
Transportation And International Finance [Member] \| International Finance [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,719.70	1,733.30
Transportation And International Finance [Member] \| International Finance [Member] \| Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,578.70	1,530.30
Transportation And International Finance [Member] \| International Finance [Member] \| Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	94.7	145.8
Transportation And International Finance [Member] \| International Finance [Member] \| Classified - Accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	26	36.2
Transportation And International Finance [Member] \| International Finance [Member] \| Classified- Non-accrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	20.3	21
North American Commercial Finance [Member] \| Corporate Finance [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	7,041.30	6,870.10
North American Commercial Finance [Member] \| Corporate Finance [Member] \| Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	6,208.50	5,783.10
North American Commercial Finance [Member] \| Corporate Finance [Member] \| Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	593.8	769.6
North American Commercial Finance [Member] \| Corporate Finance [Member] \| Classified - Accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	175.3	233.6
North American Commercial Finance [Member] \| Corporate Finance [Member] \| Classified- Non-accrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	63.7	83.8
North American Commercial Finance [Member] \| Equipment Finance [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	4,041.60	4,044.10
North American Commercial Finance [Member] \| Equipment Finance [Member] \| Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	3,440.20	3,355.20
North American Commercial Finance [Member] \| Equipment Finance [Member] \| Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	288.7	363.5
North American Commercial Finance [Member] \| Equipment Finance [Member] \| Classified - Accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	247	266
North American Commercial Finance [Member] \| Equipment Finance [Member] \| Classified- Non-accrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	65.7	59.4
North American Commercial Finance [Member] \| Real Estate Finance [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,615.20	1,554.80
North American Commercial Finance [Member] \| Real Estate Finance [Member] \| Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,534.30	1,554.80
North American Commercial Finance [Member] \| Real Estate Finance [Member] \| Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	80.9	'
North American Commercial Finance [Member] \| Commercial Services [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	2,271.70	2,262.40
North American Commercial Finance [Member] \| Commercial Services [Member] \| Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,798.30	1,804.60
North American Commercial Finance [Member] \| Commercial Services [Member] \| Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	293.2	314.7
North American Commercial Finance [Member] \| Commercial Services [Member] \| Classified - Accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	178.3	138.9
North American Commercial Finance [Member] \| Commercial Services [Member] \| Classified- Non-accrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1.9	4.2
Subtotal [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	18,589.70	18,232.10
Subtotal [Member] \| Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	16,320	15,655.30
Subtotal [Member] \| Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,413.40	1,622.20
Subtotal [Member] \| Classified - Accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	689.1	771.9
Subtotal [Member] \| Classified- Non-accrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	167.2	182.7
Non-Strategic Portfolios [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	4,335.40	4,565.90
Non-Strategic Portfolios [Member] \| Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	3,658.80	3,637
Non-Strategic Portfolios [Member] \| Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	285.3	472
Non-Strategic Portfolios [Member] \| Classified - Accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	340.1	398.9
Non-Strategic Portfolios [Member] \| Classified- Non-accrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	$51.20	$58

Loans_Schedule_Of_Finance_Rece1

Loans (Schedule Of Finance Receivables Delinquency Status) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	$320.10	$356.20
60-89 Days Past Due	99	126.9
90 Days or Greater	262.3	290.3
Total Past Due 30 Days Or Greater	681.4	773.4
Current	22,243.70	22,024.60
Total Finance Receivables	22,925.10	22,798
Subtotal [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	172	213.4
60-89 Days Past Due	37.5	44.9
90 Days or Greater	51.8	50.5
Total Past Due 30 Days Or Greater	261.3	308.8
Current	18,328.40	17,923.30
Total Finance Receivables	18,589.70	18,232.10
Non-Strategic Portfolios [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	148.1	142.8
60-89 Days Past Due	61.5	82
90 Days or Greater	210.5	239.8
Total Past Due 30 Days Or Greater	420.1	464.6
Current	3,915.30	4,101.30
Total Finance Receivables	4,335.40	4,565.90
Transportation Finance [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	7.1	18.3
60-89 Days Past Due	0.6	0.9
90 Days or Greater	16.4	0.5
Total Past Due 30 Days Or Greater	24.1	19.7
Current	1,876.10	1,747.70
Total Finance Receivables	1,900.20	1,767.40
International Finance [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	38.1	30.6
60-89 Days Past Due	14.8	11.6
90 Days or Greater	17	12.6
Total Past Due 30 Days Or Greater	69.9	54.8
Current	1,649.80	1,678.50
Total Finance Receivables	1,719.70	1,733.30
Corporate Finance [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
90 Days or Greater	0.5	17.8
Total Past Due 30 Days Or Greater	0.5	17.8
Current	7,040.80	6,852.30
Total Finance Receivables	7,041.30	6,870.10
Equipment Finance [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	100.7	116.6
60-89 Days Past Due	20.6	30
90 Days or Greater	17.1	18.6
Total Past Due 30 Days Or Greater	138.4	165.2
Current	3,903.20	3,878.90
Total Finance Receivables	4,041.60	4,044.10
Real Estate Finance [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
Current	1,615.20	1,554.80
Total Finance Receivables	1,615.20	1,554.80
Commercial Services [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	26.1	47.9
60-89 Days Past Due	1.5	2.4
90 Days or Greater	0.8	1
Total Past Due 30 Days Or Greater	28.4	51.3
Current	2,243.30	2,211.10
Total Finance Receivables	$2,271.70	$2,262.40

Loans_Finance_Receivables_On_N

Loans (Finance Receivables On Non-accrual Status) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	$218.40	$240.70
Repossessed assets	6.2	7
Total non-performing assets	224.6	247.7
Accruing loans past due 90 days or more, Government guaranteed - Consumer	195.6	223.7
Accruing loans past due 90 days or more, Other	12.6	10
Accruing loans past due 90 days or more, Total	208.2	233.7
Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	171.6	200
Held For Sale [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	46.8	40.7
Subtotal [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	167.2	182.7
Subtotal [Member] \| Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	167.2	182.4
Subtotal [Member] \| Held For Sale [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	'	0.3
Non-Strategic Portfolios [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	51.2	58
Non-Strategic Portfolios [Member] \| Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	4.4	17.6
Non-Strategic Portfolios [Member] \| Held For Sale [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	46.8	40.4
Transportation Finance [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	15.6	14.3
Transportation Finance [Member] \| Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	15.6	14.3
International Finance [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	20.3	21
International Finance [Member] \| Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	20.3	21
Corporate Finance [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	63.7	83.8
Corporate Finance [Member] \| Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	63.7	83.5
Corporate Finance [Member] \| Held For Sale [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	'	0.3
Equipment Finance [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	65.7	59.4
Equipment Finance [Member] \| Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	65.7	59.4
Commercial Services [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	1.9	4.2
Commercial Services [Member] \| Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	$1.90	$4.20

Loans_Impaired_Loans_Details

Loans (Impaired Loans) (Details) (USD $)	3 Months Ended				12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013		Dec. 31, 2013
Financing Receivable, Impaired [Line Items]	'		'		'
Recorded Investment	$274.30		'		$291.30
Unpaid Principal Balance	336.4		'		370.1
Related Allowance	26.7		'		31.4
Average Recorded Investment	282.9		466.5		381.1
Interest income recorded	0.7		4.7		17.7
Interest income recognized using cash basis method	0.4		0.3		3.5
Commercial Impaired Loans [Member]	'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'
Recorded Investment	219.6	[1]	'		237.2	[1]
Unpaid Principal Balance	240.9	[1]	'		274.3	[1]
Related Allowance	25.7	[1]	'		30.4	[1]
Average Recorded Investment	228.5	[1]	367.2	[1]	300.6	[1]
Loans Impaired At Convenience Date [Member]	'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'
Recorded Investment	54.7	[2]	'		54.1	[2]
Unpaid Principal Balance	95.5	[2]	'		95.8	[2]
Related Allowance	1	[2]	'		1	[2]
Average Recorded Investment	54.4	[2]	99.3	[2]	80.5	[2]
Non-Strategic Portfolios [Member] \| With No Related Allowance Recorded [Member]	'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'
Recorded Investment	6.6		'		10.2
Unpaid Principal Balance	6.7		'		12.5
Average Recorded Investment	8.4		41.8		24
Non-Strategic Portfolios [Member] \| With Related Allowance Recorded [Member]	'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'
Average Recorded Investment	'		2.5		1
Transportation Finance [Member] \| With No Related Allowance Recorded [Member]	'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'
Average Recorded Investment	'		3.2		2.2
Transportation Finance [Member] \| With Related Allowance Recorded [Member]	'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'
Recorded Investment	15.5		'		14.3
Unpaid Principal Balance	15.5		'		14.3
Related Allowance	0.7		'		0.6
Average Recorded Investment	14.9		19.3		12.4
International Finance [Member] \| With No Related Allowance Recorded [Member]	'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'
Recorded Investment	5.1		'		6.9
Unpaid Principal Balance	17.9		'		24.5
Average Recorded Investment	6		5		6.9
Corporate Finance [Member] \| With No Related Allowance Recorded [Member]	'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'
Recorded Investment	125.1		'		136.1
Unpaid Principal Balance	131.3		'		150.1
Average Recorded Investment	130.6		174.1		152.8
Corporate Finance [Member] \| With Related Allowance Recorded [Member]	'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'
Recorded Investment	50.2		'		50.6
Unpaid Principal Balance	51.4		'		51.7
Related Allowance	24		'		28.8
Average Recorded Investment	50.4		98		79.7
Equipment Finance [Member] \| With No Related Allowance Recorded [Member]	'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'
Recorded Investment	6.7		'		5.8
Unpaid Principal Balance	7.6		'		7.9
Average Recorded Investment	6.3		7.8		7
Commercial Services [Member] \| With No Related Allowance Recorded [Member]	'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'
Recorded Investment	8.5		'		9.1
Unpaid Principal Balance	8.5		'		9.1
Average Recorded Investment	8.8		10.7		10
Commercial Services [Member] \| With Related Allowance Recorded [Member]	'		'		'
Financing Receivable, Impaired [Line Items]	'		'		'
Recorded Investment	1.9		'		4.2
Unpaid Principal Balance	2		'		4.2
Related Allowance	1		'		1
Average Recorded Investment	$3.10		$4.80		$4.60

[1]	Interest income recorded for the quarters ended March 31, 2014 and 2013 while the loans were impaired was $0.7 million and $4.7 million, respectively, of which $0.4 million and $0.3 million was interest recognized using the cash-basis method of accounting. Interest income recorded for the year ended December 31, 2013 while the loans were impaired was $17.7 million, of which $3.5 million was interest recognized using the cash-basis method of accounting.
[2]	Details of finance receivables that were identified as impaired at the Convenience Date are presented under Loans and Debt Securities Acquired with Deteriorated Credit Quality.

Loans_Loans_Acquired_with_Dete

Loans (Loans Acquired with Deteriorated Credit Quality) (Details) (USD $)	Mar. 31, 2014		Mar. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Loans [Abstract]	'		'
Allowance For Loan Losses	$1	[1]	$2.30	[1]

[1]	Represents loans considered impaired in FSA and are accounted for under the guidance in ASC 310-30 (Loans and Debt Securities Acquired with Deteriorated Credit Quality).

Allowance_For_Loan_Losses_Sche

Allowance For Loan Losses (Schedule Of Allowance For Loan Losses And Recorded Investment In Finance Receivables) (Details) (USD $)	3 Months Ended				12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013		Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Beginning balance	$356.10		$379.30		$379.30
Provision for credit losses	36.7		19.5		'
Other	-4.6	[1]	-3.3	[1]	'
Gross charge-offs	-44.4	[2]	-24.3	[2]	'
Recoveries	8.8		14.8		'
Allowance balance - end of period	352.6		386		356.1
Allowance balance: Loans individually evaluated for impairment	25.7		40.2		'
Allowance balance: Loans collectively evaluated for impairment	325.9		343.5		'
Loans acquired with deteriorated credit quality--Allowance	1	[3]	2.3	[3]	'
Other reserves	31	[1]	25.1	[1]	'
Finance receivables: Loans individually evaluated for impairment	219.6		340.8		'
Finance receivables: Loans collectively evaluated for impairment	18,297.40		21,687.70		'
Finance receivables: Loans acquired with deteriorated credit quality	54.7	[3]	91.9	[3]	'
Ending balance	18,571.70	[4]	22,120.40		18,629.20	[4]
Percent of loans total loans	100.00%		100.00%		'
Gross charge-offs charged directly into specific allowance for loan losses	6.2		'		1.5
Transfer of loans to held for sale	464.4		186.9		'
Transportation And International Finance [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Beginning balance	46.7		44.3		44.3
Provision for credit losses	12.4		-5.6		'
Other	-0.4	[1]	-0.5	[1]	'
Gross charge-offs	-14.3	[2]	-4.2	[2]	'
Recoveries	1.3		3.1		'
Allowance balance - end of period	45.7		37.1		'
Allowance balance: Loans individually evaluated for impairment	0.7		2.7		'
Allowance balance: Loans collectively evaluated for impairment	45		34.4		'
Other reserves	0.4	[1]	'		'
Finance receivables: Loans individually evaluated for impairment	20.6		20.3		'
Finance receivables: Loans collectively evaluated for impairment	3,532.80		2,937.40		'
Finance receivables: Loans acquired with deteriorated credit quality	0.1	[3]	0.3	[3]	'
Ending balance	3,553.50		2,958		3,494.40
Percent of loans total loans	19.10%		13.40%		'
North American Commercial Finance [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Beginning balance	303.8		293.7		293.7
Provision for credit losses	23.2		24.9		'
Other	-4.1	[1]	-2.8	[1]	'
Gross charge-offs	-22.6	[2]	-14.2	[2]	'
Recoveries	6.6		8.4		'
Allowance balance - end of period	306.9		310		303.8
Allowance balance: Loans individually evaluated for impairment	25		36.5		'
Allowance balance: Loans collectively evaluated for impairment	280.9		272.4		'
Loans acquired with deteriorated credit quality--Allowance	1	[3]	1.1	[3]	'
Other reserves	30.6	[1]	24.7	[1]	'
Finance receivables: Loans individually evaluated for impairment	192.4		275.2		'
Finance receivables: Loans collectively evaluated for impairment	14,657.60		13,743.40		'
Finance receivables: Loans acquired with deteriorated credit quality	52.8	[3]	75.6	[3]	'
Ending balance	14,902.80		14,094.20		14,693.10
Percent of loans total loans	80.30%		63.70%		'
Gross charge-offs charged directly into specific allowance for loan losses	6.2		'		0.5
Non-Strategic Portfolios [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Beginning balance	5.6		41.3		41.3
Provision for credit losses	1		0.3		'
Other	'		-0.1	[1]	'
Gross charge-offs	-7.5	[2]	-5.9	[2]	'
Recoveries	0.9		3.3		'
Allowance balance - end of period	'		38.9		5.6
Allowance balance: Loans individually evaluated for impairment	'		1		'
Allowance balance: Loans collectively evaluated for impairment	'		36.7		'
Loans acquired with deteriorated credit quality--Allowance	'		1.2	[3]	'
Other reserves	'		0.2	[1]	'
Finance receivables: Loans individually evaluated for impairment	6.6		45.3		'
Finance receivables: Loans collectively evaluated for impairment	107		5,006.90		'
Finance receivables: Loans acquired with deteriorated credit quality	1.8	[3]	16	[3]	'
Ending balance	115.4		5,068.20		441.7
Percent of loans total loans	0.60%		22.90%		'
Gross charge-offs charged directly into specific allowance for loan losses	'		'		1
Corporate And Other [Member]	'		'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'		'
Provision for credit losses	0.1		-0.1		'
Other	-0.1	[1]	0.1	[1]	'
Other reserves	'		$0.20	[1]	'

[1]	â€œOther reservesâ€ represents additional credit loss reserves for unfunded lending commitments, letters of credit and for deferred purchase agreements, all of which is recorded in Other liabilities. â€œOtherâ€ also includes changes relating to sales and foreign currency translations.
[2]	Gross charge-offs include $6.2 million and $1.5 million charged directly to the Allowance for loan losses for the quarters ended March 31, 2014 and 2013, respectively. In 2014, $6.2 million related to North American Commercial Finance. In 2013, $1.0 million related to Non-Strategic Portfolios and $0.5 million related to North American Commercial Finance.
[3]	Represents loans considered impaired in FSA and are accounted for under the guidance in ASC 310-30 (Loans and Debt Securities Acquired with Deteriorated Credit Quality).
[4]	The following table presents information on assets and liabilities related to Variable Interest Entities (VIEs) that are consolidated by the Company. The difference between VIE total assets and total liabilities represents the Companyâ€™s interests in those entities, which were eliminated in consolidation. The assets of the consolidated VIEs will be used to settle the liabilities of those entities and, except for the Companyâ€™s interest in the VIEs, are not available to the creditors of CIT or any affiliates of CIT.

Investment_Securities_Narrativ

Investment Securities (Narrative) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013	Dec. 31, 2013
Investment Securities [Abstract]	'		'	'
Debt instrument maturity period	'91 days		'	'
Minimum percentage ownership of limited partnership investments included in non-marketable equity investments	3.00%		'	'
Realized investment gains	$3.30		$2.50	'
Interest bearing deposits that are cash equivalents	$4,636.70	[1]	'	$5,459.10	[1]

[1]	The following table presents information on assets and liabilities related to Variable Interest Entities (VIEs) that are consolidated by the Company. The difference between VIE total assets and total liabilities represents the Companyâ€™s interests in those entities, which were eliminated in consolidation. The assets of the consolidated VIEs will be used to settle the liabilities of those entities and, except for the Companyâ€™s interest in the VIEs, are not available to the creditors of CIT or any affiliates of CIT.

Investment_Securities_Schedule

Investment Securities (Schedule Of Investment Securities) (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Debt securities available-for-sale	$1,846.90		$1,487.80
Equity securities available-for-sale	14.3		13.7
Debt securities held-to-maturity	304.7	[1]	1,042.30	[1]
Non-marketable equity investments	89.1	[2]	86.9	[2]
Total investment securities	2,255		2,630.70
Limited Partnerships [Member]	'		'
Non-marketable equity investments	$25.20		$23.60

[1]	Recorded at amortized cost less impairment on securities that have credit-related impairment.
[2]	Non-marketable equity investments include $25.2 million and $23.6 million in limited partnerships at March 31, 2014 and December 31, 2013, respectively, accounted for under the equity method. The remaining investments are carried at cost and include qualified Community Reinvestment Act (â€œCRAâ€) investments, equity fund holdings and shares issued by customers during loan work out situations or as part of an original loan investment.

Investment_Securities_Schedule1

Investment Securities (Schedule Of Interest And Dividends On Investments) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Schedule of Investment Income, Reported Amounts, by Category [Line Items]	'	'
Total interest and dividends	$8.80	$6.40
Interest Income - Interest Bearing Deposits [Member]	'	'
Schedule of Investment Income, Reported Amounts, by Category [Line Items]	'	'
Total interest and dividends	4.6	3.5
Interest Income - Investments [Member]	'	'
Schedule of Investment Income, Reported Amounts, by Category [Line Items]	'	'
Total interest and dividends	3.3	1.9
Dividends - Investments [Member]	'	'
Schedule of Investment Income, Reported Amounts, by Category [Line Items]	'	'
Total interest and dividends	$0.90	$1

Investment_Securities_Amortize

Investment Securities (Amortized Cost And Fair Value Of Securities Available-For-Sale) (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	$1,860.60	$1,501.30
Gross Unrealized Gains	0.7	0.4
Gross Unrealized Losses	-0.1	-0.2
Fair Value	1,861.20	1,501.50
U.S. Treasury [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	1,221.20	649.1
Gross Unrealized Gains	'	'
Gross Unrealized Losses	'	'
Fair Value	1,221.20	649.1
U.S. Government Agency Obligations [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	591.2	711.9
Gross Unrealized Gains	0.1	'
Gross Unrealized Losses	'	'
Fair Value	591.3	711.9
Supranational And Foreign Government Securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	34.4	126.8
Gross Unrealized Gains	'	'
Gross Unrealized Losses	'	'
Fair Value	34.4	126.8
Total Debt Securities Available For Sale [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	1,846.80	1,487.80
Gross Unrealized Gains	0.1	'
Gross Unrealized Losses	'	'
Fair Value	1,846.90	1,487.80
Equity Securities AFS [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	13.8	13.5
Gross Unrealized Gains	0.6	0.4
Gross Unrealized Losses	-0.1	-0.2
Fair Value	$14.30	$13.70

Investment_Securities_Carrying

Investment Securities (Carrying Value And Fair Value Of Securities Held-To-Maturity) (Details) (USD $)	3 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Schedule of Held-to-maturity Securities [Line Items]	'		'
Carrying Value	$304.70	[1]	$1,042.30	[1]
Gross Unrecognized Gains	12.3		10.8
Gross Unrecognized Losses	-8		-12.3
Fair Value	309		1,040.80
U.S. Government Agency Obligations [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Carrying Value	'		735.5
Gross Unrecognized Gains	'		0.1
Gross Unrecognized Losses	'		'
Fair Value	'		735.6
Mortgage-Backed Securities - U.S. Government-Sponsored Agency Guaranteed [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Carrying Value	104		96.3
Gross Unrecognized Gains	1.9		1.7
Gross Unrecognized Losses	-4.9		-5.8
Fair Value	101		92.2
State And Municipal [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Carrying Value	51.6		57.4
Gross Unrecognized Gains	'		'
Gross Unrecognized Losses	-3.1		-6.5
Fair Value	48.5		50.9
Foreign Government [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Carrying Value	36.3		38.3
Gross Unrecognized Gains	'		'
Gross Unrecognized Losses	'		'
Fair Value	36.3		38.3
Corporate - Foreign [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Carrying Value	112.8		114.8
Gross Unrecognized Gains	10.4		9
Gross Unrecognized Losses	'		'
Fair Value	$123.20		$123.80

[1]	Recorded at amortized cost less impairment on securities that have credit-related impairment.

Investment_Securities_Amortize1

Investment Securities (Amortized Cost And Fair Value Of Debt Securities Held-To-Maturity By Contractual Maturity Dates) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Schedule of Held-to-maturity Securities [Line Items]	'		'
Total debt securities HTM, Amortized Cost	$304.70	[1]	$1,042.30	[1]
Total debt securities HTM, Fair Value	309		1,040.80
Maturity of investment securities with no stated maturities	'10 years		'
Mortgage-Backed Securities [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Debt securities HTM, due After 10 years, Amortized Cost	102.6	[2]	96.3	[2]
Debt securities HTM, due After 10 years, Fair Value	99.6	[2]	92.2	[2]
Debt securities HTM, due After 5 but within 10 years, Amortized Cost	1.4	[2]	'
Debt securities HTM, due After 5 but within 10 years, Fair Value	1.4	[2]	'
Total debt securities HTM, Amortized Cost	104		96.3
Total debt securities HTM, Fair Value	101		92.2
U.S. Treasury And Federal Agencies [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Debt securities HTM, Due within 1 year, Amortized Cost	'		735.5
Debt securities HTM, Due within 1 year, Fair Value	'		735.6
State And Municipal [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Debt securities HTM, due After 10 years, Amortized Cost	46.5	[2]	51.6	[2]
Debt securities HTM, due After 10 years, Fair Value	43.4	[2]	45.1	[2]
Debt securities HTM, Due within 1 year, Amortized Cost	0.6		0.7
Debt securities HTM, Due within 1 year, Fair Value	0.6		0.7
Debt securities HTM, due After 1 but within 5 years, Amortized Cost	3.9	[2]	4.4	[2]
Debt securities HTM, due After 1 but within 5 years, Fair Value	3.9	[2]	4.4	[2]
Debt securities HTM, due After 5 but within 10 years, Amortized Cost	0.6		0.7
Debt securities HTM, due After 5 but within 10 years, Fair Value	0.6		0.7
Total debt securities HTM, Amortized Cost	51.6		57.4
Total debt securities HTM, Fair Value	48.5		50.9
Foreign Government [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Debt securities HTM, Due within 1 year, Amortized Cost	30.9		29.8
Debt securities HTM, Due within 1 year, Fair Value	30.9		29.8
Debt securities HTM, due After 1 but within 5 years, Amortized Cost	5.4		8.5
Debt securities HTM, due After 1 but within 5 years, Fair Value	5.4		8.5
Total debt securities HTM, Amortized Cost	36.3		38.3
Total debt securities HTM, Fair Value	36.3		38.3
Corporate - Foreign [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Debt securities HTM, Due within 1 year, Amortized Cost	0.8		0.8
Debt securities HTM, Due within 1 year, Fair Value	0.8		0.8
Debt securities HTM, due After 1 but within 5 years, Amortized Cost	46.6		48.6
Debt securities HTM, due After 1 but within 5 years, Fair Value	54.6		56.1
Debt securities HTM, due After 5 but within 10 years, Amortized Cost	65.4		65.4
Debt securities HTM, due After 5 but within 10 years, Fair Value	67.8		66.9
Total debt securities HTM, Amortized Cost	112.8		114.8
Total debt securities HTM, Fair Value	$123.20		$123.80

[1]	Recorded at amortized cost less impairment on securities that have credit-related impairment.
[2]	Investments with no stated maturities are included as contractual maturities of greater than 10 years. Actual maturities may differ due to exercise of call or prepayment rights.

LongTerm_Borrowings_Narrative_

Long-Term Borrowings (Narrative) (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Apr. 01, 2014

item

Series C Notes [Member]

Line Of Credit Revolver [Member]

Line Of Credit For Issuance Of Letters Of Credit [Member]

Senior Unsecured Notes [Member]

Other Debt [Member]

Minimum [Member]

Maximum [Member]

Base Rate Plus [Member]

Subsequent Event [Member]

Minimum [Member]

Maximum [Member]

Series C Notes [Member]

Debt Instrument [Line Items]

LIBOR with no floor

2.25%

2.50%

1.25%

1.50%

Issuance of letters of credit

$1,500,000,000

$1,150,000,000

$350,000,000

Number of domestic operating subsidiaries that are guarantors

Minimum guarantor asset coverage ratio under debt covenant

1.25

1.5

Available portion of letter of credit

1,400,000,000

100,000,000

Revolving credit facility, minimum consolidated net worth covenant

6,000,000,000

Repayments of unsecured notes

1,300,000,000

Repurchase all or portion of the notes at purchase price, Series A and C notes

101.00%

Long term debt

$22,669,100,000

$21,750,000,000

$5,250,000,000

$13,532,300,000

[1]

$12,531,600,000

[1]

$39,200,000

[1]

Senior Unsecured Notes at March 31, 2014 were comprised of $8,243.1 million of Unsecured Notes, $5,250.0 million of Series C Notes and $39.2 million of other unsecured debt.In April 2014, the Company sold the student loan business and the debt secured by the loans was extinguished.

LongTerm_Borrowings_Schedule_O

Long-Term Borrowings (Schedule Of Outstanding Long-Term Borrowings) (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Debt Instrument [Line Items]	'		'
Long-term borrowings	$22,669.10		$21,750
CIT Group Inc. [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	13,531.80		'
Subsidiaries [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	9,137.30		'
Senior Unsecured Notes [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	13,532.30	[1]	12,531.60	[1]
Senior Unsecured Notes [Member] \| CIT Group Inc. [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	13,531.80	[1]	'
Senior Unsecured Notes [Member] \| Subsidiaries [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	0.5	[1]	'
Series C Notes [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	5,250		'
Unsecured Notes Issued After March 9, 2012 [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	8,243.10		'
Other Debt [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	39.2		'
Secured Borrowings - Excuding Student Loan Debt [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	5,976.50		5,944.90
Secured Borrowings - Excuding Student Loan Debt [Member] \| Subsidiaries [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	5,976.50		'
Secured Borrowings - Student Loan Debt [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	3,160.30	[1]	3,273.50	[1]
Secured Borrowings - Student Loan Debt [Member] \| Subsidiaries [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	$3,160.30	[1]	'

[1]	Senior Unsecured Notes at March 31, 2014 were comprised of $8,243.1 million of Unsecured Notes, $5,250.0 million of Series C Notes and $39.2 million of other unsecured debt.In April 2014, the Company sold the student loan business and the debt secured by the loans was extinguished.

LongTerm_Borrowings_Schedule_O1

Long-Term Borrowings (Schedule Of Senior Unsecured Notes) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Debt Instrument [Line Items]	'
Par Value	$13,500,000,000
Weighted Average Rate (%)	5.01%
Series C Notes [Member] \| April 2014 - 5.250$% [Member]	'
Debt Instrument [Line Items]	'
Maturity Date	'April 2014*	[1]
Rate (%)	5.25%	[1]
Date of Issuance	'March 2011	[1]
Par Value	1,300,000,000	[1]
Series C Notes [Member] \| February 2015 - 4.750% [Member]	'
Debt Instrument [Line Items]	'
Maturity Date	'February 2015*
Rate (%)	4.75%
Date of Issuance	'February 2012
Par Value	1,500,000,000
Series C Notes [Member] \| April 2018 - 6.625% [Member]	'
Debt Instrument [Line Items]	'
Maturity Date	'April 2018*	[1]
Rate (%)	6.63%	[1]
Date of Issuance	'March 2011	[1]
Par Value	700,000,000	[1]
Series C Notes [Member] \| February 2019 - 5.500% [Member]	'
Debt Instrument [Line Items]	'
Maturity Date	'February 2019*	[1]
Rate (%)	5.50%	[1]
Date of Issuance	'February 2012	[1]
Par Value	1,750,000,000	[1]
Senior Unsecured Notes [Member] \| May 2017 - 5.00% [Member]	'
Debt Instrument [Line Items]	'
Maturity Date	'May 2017
Rate (%)	5.00%
Date of Issuance	'May 2012
Par Value	1,250,000,000
Senior Unsecured Notes [Member] \| August 2017 - 4.250%[Member]	'
Debt Instrument [Line Items]	'
Maturity Date	'August 2017
Rate (%)	4.25%
Date of Issuance	'August 2012
Par Value	1,750,000,000
Senior Unsecured Notes [Member] \| March 2018 - 5.250% [Member]	'
Debt Instrument [Line Items]	'
Maturity Date	'March 2018
Rate (%)	5.25%
Date of Issuance	'March 2012
Par Value	1,500,000,000
Senior Unsecured Notes [Member] \| February 2019 - 3.875% [Member]	'
Debt Instrument [Line Items]	'
Maturity Date	'February 2019
Rate (%)	3.88%
Date of Issuance	'February 2014
Par Value	1,000,000,000
Senior Unsecured Notes [Member] \| May 2020 - 5.375% [Member]	'
Debt Instrument [Line Items]	'
Maturity Date	'May 2020
Rate (%)	5.38%
Date of Issuance	'May 2012
Par Value	750,000,000
Senior Unsecured Notes [Member] \| August 2022 - 5.000% [Member]	'
Debt Instrument [Line Items]	'
Maturity Date	'August 2022
Rate (%)	5.00%
Date of Issuance	'August 2012
Par Value	1,250,000,000
Senior Unsecured Notes [Member] \| August 2023 - 5.000% [Member]	'
Debt Instrument [Line Items]	'
Maturity Date	'August 2023
Rate (%)	5.00%
Date of Issuance	'August 2013
Par Value	$750,000,000

[1]	Series C Unsecured Notes

LongTerm_Borrowings_Schedule_O2

Long-Term Borrowings (Schedule Of Secured Borrowings And Pledged Assets) (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	$9,136,800,000	[1],[2]	$9,218,400,000	[1],[2]
Assets Pledged	13,443,300,000	[1],[2]	13,096,500,000	[1],[2]
Pledged assets held for sale	15,600,000,000		'
Loans [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Pledged assets held for sale	9,300,000,000		'
Operating Lease Assets [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Pledged assets held for sale	5,300,000,000		'
Cash [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Pledged assets held for sale	900,000,000		'
Investment Securities [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Pledged assets held for sale	100,000,000		'
Transportation And International Finance [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	4,188,900,000	[1],[2]	3,880,600,000	[1],[2]
Assets Pledged	6,564,500,000	[1],[2]	6,037,900,000	[1],[2]
Transportation And International Finance [Member] \| Rail [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	1,296,300,000	[1],[2],[3]	931,000,000	[1],[2],[3]
Assets Pledged	1,776,900,000	[1],[2],[3]	1,163,100,000	[1],[2],[3]
Transportation And International Finance [Member] \| Aerospace [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	2,288,400,000	[1],[2],[3]	2,366,100,000	[1],[2],[3]
Assets Pledged	4,010,300,000	[1],[2],[3]	4,126,700,000	[1],[2],[3]
Transportation And International Finance [Member] \| International Finance [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	604,200,000	[1],[2],[3]	583,500,000	[1],[2],[3]
Assets Pledged	777,300,000	[1],[2],[3]	748,100,000	[1],[2],[3]
Transportation And International Finance [Member] \| TRS [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	963,600,000		'
Assets Pledged	1,960,000,000		'
North American Commercial Finance [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	1,606,800,000	[1],[2]	1,882,100,000	[1],[2]
Assets Pledged	3,336,700,000	[1],[2]	3,400,300,000	[1],[2]
North American Commercial Finance [Member] \| Corporate Finance [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	227,800,000	[1],[2]	320,200,000	[1],[2]
Assets Pledged	259,700,000	[1],[2]	447,400,000	[1],[2]
North American Commercial Finance [Member] \| Commercial Services [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	334,700,000	[1],[2]	334,700,000	[1],[2]
Assets Pledged	1,748,900,000	[1],[2]	1,453,200,000	[1],[2]
North American Commercial Finance [Member] \| Equipment Finance [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	1,044,300,000	[1],[2]	1,227,200,000	[1],[2]
Assets Pledged	1,328,100,000	[1],[2]	1,499,700,000	[1],[2]
Non-Strategic Portfolios [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	3,341,100,000	[1],[2]	3,455,700,000	[1],[2]
Assets Pledged	3,542,100,000	[1],[2]	3,658,300,000	[1],[2]
Non-Strategic Portfolios [Member] \| Consumer (Student Loans) [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	3,160,300,000	[1],[2],[3],[4]	3,265,600,000	[1],[2],[3],[4]
Assets Pledged	3,332,900,000	[1],[2],[3],[4]	3,438,200,000	[1],[2],[3],[4]
Non-Strategic Portfolios [Member] \| Small Business Loans [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	180,800,000	[1],[2]	190,100,000	[1],[2]
Assets Pledged	209,200,000	[1],[2]	220,100,000	[1],[2]
Non-Strategic Portfolios [Member] \| TRS [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	783,200,000		'
Assets Pledged	$879,800,000		'

[1]	As part of our liquidity management strategy, we pledge assets to secure financing transactions (which include securitizations), borrowings from the FHLB and FRB, and for other purposes as required or permitted by law.
[2]	At March 31, 2014 we had pledged assets (including collateral for the FRB discount window not in the table above) of $15.6 billion, which included $9.3 billion of loans (including amounts held for sale), $5.3 billion of operating lease assets, $0.9 billion of cash and $0.1 billion of investment securities.
[3]	At March 31, 2014 the GSI TRS related borrowings and pledged assets, respectively, of $963.6 million and $1.96 billion were included in Transportation & International Finance and $783.2 million and $879.8 million in Non-Strategic Portfolios. The GSI TRS is described in Note 6 – Derivative Financial Instruments.(4) In April 2014, the Company sold the student loan assets and the debt secured by these loans was extinguished.
[4]	In April 2014, the Company sold the student loan assets and the debt secured by these loans was extinguished.

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Narrative) (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

TRS [Member]

Qualifying Hedges [Member]

Non-Qualifying Hedges [Member]

item

CIT Financial, Ltd. Facility [Member]

CIT TRS Funding B.V. [Member]

Reference Obligations Under TRS [Member]

TRS [Member]

Derivative [Line Items]

Number of derivative financing facilities

Number of wholly owned subsidiaries

Unutilized portion of facility accounted for as a derivative

$1,500,000,000

$625,000,000

Notional amount of derivative

584,000,000

485,200,000

1,716,700,000

[1]

1,487,700,000

[1]

5,543,200,000

[1]

5,366,700,000

[1]

584,000,000

[1]

485,200,000

[1]

Maximum aggregate facility commitment amounts

2,125,000,000

Aggregate actual adjusted qualifying borrowing base outstanding

1,541,000,000

1,639,800,000

Extinguishment of debt

800,000,000

Liability recorded based on Company's valuation

11,400,000

9,700,000

Net losses on cash flow hedges expected to be recognized in income over next 12 months

($200,000)

[1]

Presented on a gross basis

Derivative_Financial_Instrumen3

Derivative Financial Instruments (Fair And Notional Values Of Derivative Financial Instruments) (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Derivatives, Fair Value [Line Items]	'		'
Asset Fair Value	$64.20		$37.40
Liability Fair Value	-85.6		-86.9
TRS [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	584		485.2
Qualifying Hedges [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	1,716.70	[1]	1,487.70	[1]
Asset Fair Value	26.9	[1]	12.9	[1]
Liability Fair Value	-32.1	[1]	-24.1	[1]
Qualifying Hedges [Member] \| Cross Currency Swaps - Net Investment Hedges [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	45.2	[1]	47.1	[1]
Asset Fair Value	2.9	[1]	1.1	[1]
Qualifying Hedges [Member] \| Foreign Currency Forward Exchange - Cash Flow Hedges [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	3.8	[1]	3.8	[1]
Liability Fair Value	-0.3	[1]	-0.3	[1]
Qualifying Hedges [Member] \| Foreign Currency Forward Exchange - Net Investment Hedges [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	1,667.70	[1]	1,436.80	[1]
Asset Fair Value	24	[1]	11.8	[1]
Liability Fair Value	-31.8	[1]	-23.8	[1]
Non-Qualifying Hedges [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	5,543.20	[1]	5,366.70	[1]
Asset Fair Value	64.2	[1]	37.4	[1]
Liability Fair Value	-85.6	[1]	-86.9	[1]
Non-Qualifying Hedges [Member] \| Cross Currency Swaps - Net Investment Hedges [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	126.7	[1]	131.8	[1]
Asset Fair Value	11.5	[1]	6.3	[1]
Non-Qualifying Hedges [Member] \| Interest Rate Swaps [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	1,579.10	[1]	1,386	[1]
Asset Fair Value	8.5	[1]	5.7	[1]
Liability Fair Value	-29.4	[1]	-25.4	[1]
Non-Qualifying Hedges [Member] \| Written Options [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	563.8	[1]	566	[1]
Liability Fair Value	-0.9	[1]	-1	[1]
Non-Qualifying Hedges [Member] \| Purchased Options [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	813.5	[1]	816.8	[1]
Asset Fair Value	1	[1]	1.2	[1]
Non-Qualifying Hedges [Member] \| Foreign Currency Forward Exchange Contracts [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	1,875.10	[1]	1,979.90	[1]
Asset Fair Value	42.6	[1]	23.4	[1]
Liability Fair Value	-43.9	[1]	-50.8	[1]
Non-Qualifying Hedges [Member] \| TRS [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	584	[1]	485.2	[1]
Liability Fair Value	-11.4	[1]	-9.7	[1]
Non-Qualifying Hedges [Member] \| Equity Warrants [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	1	[1]	1	[1]
Asset Fair Value	0.6	[1]	0.8	[1]
Qualifying And Non-Qualifying Hedges [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Notional Amount	7,259.90	[1]	6,854.40	[1]
Asset Fair Value	91.1	[1]	50.3	[1]
Liability Fair Value	($117.70)	[1]	($111)	[1]

[1]	Presented on a gross basis

Derivative_Financial_Instrumen4

Derivative Financial Instruments (Offsetting Of Derivative Assets And Liabilities) (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Derivative Financial Instruments [Abstract]	'		'
Gross Amount Recognized, Derivative assets	$91.10		$50.30
Gross Amount Offset on the Statement of Financial Position, Derivative assets	'		'
Net Amount Of Asset Presented On The Statement Of Financial Position, Derivative assets	91.1		50.3
Gross Amounts not offset on Statement Of Financial Position, Financial Instruments, Derivative assets	-51.4	[1]	-33.4	[1]
Gross Amounts not offset on Statement of Financial Position, Cash Collateral Received (Pledged), Derivative assets	-23.8	[1],[2]	-5	[1],[2]
Gross Amounts not offset on Statement of Financial Position, Net Amount, Derivative assets	15.9		11.9
Gross Amount Recognized, Derivative liabilities	-117.7		-111
Gross Amount Offset on the Statement of Financial Position, Derivative liabilities	'		'
Net Amount of (Liability) Presented on the Statement of Finacial Position, Derivative liabilities	-117.7		-111
Gross Amounts not offset on Statement Of Financial Position, Financial Instruments, Derivative liabilities	51.4	[1]	33.4	[1]
Gross Amounts not offset on Statement of Financial Position, Cash Collateral Received (Pledged), Derivative liabilities	23.5	[1],[2]	41	[1],[2]
Gross Amounts not offset on Statement of Financial Position, Net Amount, Derivative liabilities	($42.80)		($36.60)

[1]	The Companyâ€™s derivative transactions are governed by ISDA agreements that allow for net settlements of certain payments as well as offsetting of all contracts (â€œDerivative Financial Instrumentsâ€) with a given counterparty in the event of bankruptcy or default of one of the two parties to the transaction. We believe our ISDA agreements meet the definition of a master netting arrangement or similar agreement for purposes of the above disclosure. In conjunction with the ISDA agreements, the Company has entered into collateral arrangements with its counterparties which provide for the exchange of cash depending on the change in the market valuation of the derivative contracts outstanding. Such collateral is available to be applied in settlement of the net balances upon the event of default by one of the counterparties.
[2]	Collateral pledged or received is included in Other assets or Other liabilities, respectively.

Derivative_Financial_Instrumen5

Derivative Financial Instruments (Derivative Instrument Gains And Losses) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative instrument - income statement impact	$36	$37.90
Interest Rate Options [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative instrument - income statement impact	-0.1	0
Qualifying Hedges [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative instrument - income statement impact	'	-0.3
Qualifying Hedges [Member] \| Foreign Currency Forward Exchange Contracts [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative instrument - income statement impact	'	-0.3
Non-Qualifying Hedges [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative instrument - income statement impact	36	38.2
Non-Qualifying Hedges [Member] \| Cross Currency Swaps - Net Investment Hedges [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative instrument - income statement impact	5.1	6.8
Non-Qualifying Hedges [Member] \| Interest Rate Swaps [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative instrument - income statement impact	3.8	3.8
Non-Qualifying Hedges [Member] \| Foreign Currency Forward Exchange Contracts [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative instrument - income statement impact	29.1	24.7
Non-Qualifying Hedges [Member] \| Equity Warrants [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative instrument - income statement impact	-0.2	0.2
Non-Qualifying Hedges [Member] \| TRS [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivative instrument - income statement impact	($1.70)	$2.70

Derivative_Financial_Instrumen6

Derivative Financial Instruments (Changes In AOCI Relating To Derivatives) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivatives - effective portion reclassified from AOCI to income	($3.10)	($3.50)
Hedge ineffectiveness recorded directly in income	'	'
Total income statement impact	-3.1	-3.5
Derivatives - effective portion recorded in OCI	6.3	22.6
Total change in OCI for the period	9.4	26.1
Foreign Currency Forward Contracts - Cash Flow Hedges [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivatives - effective portion reclassified from AOCI to income	'	-0.3
Hedge ineffectiveness recorded directly in income	'	'
Total income statement impact	'	-0.3
Derivatives - effective portion recorded in OCI	'	-0.4
Total change in OCI for the period	'	-0.1
Foreign Currency Forward Contracts - Net Investment Hedges [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Derivatives - effective portion reclassified from AOCI to income	-3.1	-3.2
Hedge ineffectiveness recorded directly in income	'	'
Total income statement impact	-3.1	-3.2
Derivatives - effective portion recorded in OCI	4.5	19.2
Total change in OCI for the period	7.6	22.4
Cross Currency Swaps - Net Investment Hedges [Member]	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'
Hedge ineffectiveness recorded directly in income	'	'
Derivatives - effective portion recorded in OCI	1.8	3.8
Total change in OCI for the period	$1.80	$3.80

Fair_Value_Assets_And_Liabilit

Fair Value (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Debt Securities AFS	$1,846.90	$1,487.80
Equity Securities AFS	14.3	13.7
Trading assets at fair value - derivatives	64.2	37.4
Derivative counterparty assets at fair value	26.9	12.9
Total Assets	1,952.30	1,551.80
Trading liabilities at fair value - derivatives	-85.6	-86.9
Derivative counterparty liabilities at fair value	-32.1	-24.1
Total Liabilities	-117.7	-111
Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Debt Securities AFS	1,255.60	675.9
Equity Securities AFS	14.3	13.7
Total Assets	1,269.90	689.6
Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Debt Securities AFS	591.3	811.9
Trading assets at fair value - derivatives	64.2	37.4
Derivative counterparty assets at fair value	26.9	12.9
Total Assets	682.4	862.2
Trading liabilities at fair value - derivatives	-74.2	-77.2
Derivative counterparty liabilities at fair value	-32.1	-24.1
Total Liabilities	-106.3	-101.3
Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Debt Securities AFS	'	'
Equity Securities AFS	'	'
Trading assets at fair value - derivatives	'	'
Derivative counterparty assets at fair value	'	'
Total Assets	'	'
Trading liabilities at fair value - derivatives	-11.4	-9.7
Derivative counterparty liabilities at fair value	'	'
Total Liabilities	($11.40)	($9.70)

Fair_Value_Assets_Measured_At_

Fair Value (Assets Measured At Fair Value On A Non-Recurring Basis) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets Held for Sale	$19.60	$731.10
Impaired loans	37.6	18.5
Total	57.2	749.6
Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets Held for Sale	19.6	731.1
Impaired loans	37.6	18.5
Total	57.2	749.6
Total Gains And (Losses) [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets Held for Sale	-1.8	-59.4
Impaired loans	-2.7	-1.6
Total	($4.50)	($61)

Fair_Value_Changes_In_The_Esti

Fair Value (Changes In The Estimated Fair Value Of The Financial Assets And Liabilities Measured On A Recurring Basis) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning Balance	($9.70)	($5.80)
Gains or losses realized/unrealized Included in Other Income	-1.7	2.7
Ending Balance	-11.4	-3.1
Derivatives [Member]	'	'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'	'
Beginning Balance	-9.7	-5.8
Gains or losses realized/unrealized Included in Other Income	-1.7	2.7
Ending Balance	($11.40)	($3.10)

Fair_Value_Carrying_And_Estima

Fair Value (Carrying And Estimated Fair Values Of Financial Instruments) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'		'
Derivative counterparty assets at fair value	$26,900,000		$12,900,000		'
Assets held for sale (excluding leases)	19,600,000		731,100,000		'
Loans (excluding leases)	13,000,000,000		'		'
Investment Securities	2,255,000,000		2,630,700,000		'
Other assets subject to fair value disclosure and unsecured counterparty receivables	91,100,000		50,300,000		'
Deposits	-13,189,300,000		-12,526,500,000		'
Derivative counterparty liabilities at fair value	-32,100,000		-24,100,000		'
Unsecured borrowings valued at market prices	13,500,000,000		'		'
Other liabilities subject to fair value disclosure	-2,704,400,000		-2,676,400,000		'
Unpaid Principal Balance	336,400,000		370,100,000		'
Impaired loans carrying amount	247,600,000		'		'
Carrying amount of impaired loans percentage of unpaid principal balance	74.00%		'		'
Fair value of loans, percentage	101.00%		'		'
Loans acquired with deteriorated credit quality--Allowance	1,000,000	[1]	'		2,300,000	[1]
Impaired loans unpaid principal balance with no specific allowance	172,000,000		'		'
Impaired loans carrying value with no specific allowance	152,000,000		'		'
Carrying Value [Member]	'		'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'		'
Trading assets at fair value - derivatives	64,200,000		37,400,000		'
Derivative counterparty assets at fair value	26,900,000		12,900,000		'
Assets held for sale (excluding leases)	3,753,100,000		3,789,700,000		'
Loans (excluding leases)	12,894,000,000		12,628,200,000		'
Investment Securities	2,255,000,000		2,630,700,000		'
Other assets subject to fair value disclosure and unsecured counterparty receivables	956,500,000	[2]	938,900,000	[2]	'
Deposits	-13,240,700,000	[3]	-12,565,000,000	[3]	'
Trading liabilities at fair value - derivatives	-85,600,000		-86,900,000		'
Derivative counterparty liabilities at fair value	-32,100,000		-24,100,000		'
Unsecured borrowings valued at market prices	22,832,900,000	[4]	21,958,600,000	[4]	'
Other liabilities subject to fair value disclosure	-1,856,400,000		-1,931,200,000		'
Estimated Fair Value [Member]	'		'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'		'
Trading assets at fair value - derivatives	64,200,000		37,400,000		'
Derivative counterparty assets at fair value	26,900,000		12,900,000		'
Assets held for sale (excluding leases)	3,947,000,000		4,013,600,000		'
Loans (excluding leases)	13,019,500,000		12,690,200,000		'
Investment Securities	2,259,300,000		2,629,200,000		'
Other assets subject to fair value disclosure and unsecured counterparty receivables	956,500,000	[2]	938,900,000	[2]	'
Deposits	-13,451,700,000	[3]	-12,751,900,000	[3]	'
Trading liabilities at fair value - derivatives	-85,600,000		-86,900,000		'
Derivative counterparty liabilities at fair value	-32,100,000		-24,100,000		'
Unsecured borrowings valued at market prices	23,673,900,000	[4]	22,682,100,000	[4]	'
Other liabilities subject to fair value disclosure	-1,856,400,000		-1,931,200,000		'
Level 2 [Member]	'		'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'		'
Derivative counterparty assets at fair value	26,900,000		12,900,000		'
Derivative counterparty liabilities at fair value	-32,100,000		-24,100,000		'
Secured long-term borrowings	5,500,000,000		'		'
Level 3 [Member]	'		'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'		'
Derivative counterparty assets at fair value	'		'		'
Assets held for sale (excluding leases)	19,600,000		731,100,000		'
Derivative counterparty liabilities at fair value	'		'		'
Secured long-term borrowings	$3,900,000,000		'		'

[1]	Represents loans considered impaired in FSA and are accounted for under the guidance in ASC 310-30 (Loans and Debt Securities Acquired with Deteriorated Credit Quality).
[2]	Other assets subject to fair value disclosure primarily include accrued interest receivable and miscellaneous receivables. These assets have carrying values that approximate fair value generally due to the short-term nature and are classified as level 3. The unsecured counterparty receivables primarily consist of amounts owed to CIT from GSI for debt discount, return of collateral posted to GSI and settlements resulting from market value changes to asset-backed securities underlying the GSI Facilities
[3]	Deposits and long-term borrowings include accrued interest, which is included in "Other liabilities" in the Balance Sheet.
[4]	Other liabilities subject to fair value disclosure include accounts payable, accrued liabilities, customer security and maintenance deposits and miscellaneous liabilities. The fair value of these approximates carrying value and are classified as level 3.

Regulatory_Capital_Components_

Regulatory Capital (Components Of Tier 1 Capital And Total Capital) (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013	Dec. 31, 2012
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'	'
Total stockholders' equity	$8,796		$8,838.80		'	'
Less: Goodwill	-403.5		-334.6		'	'
Qualifying allowance for credit losses and other reserves	352.6		356.1		386	379.3
Total Capital (to risk-weighted assets), Required Ratio for Capital Adequacy Purposes	10.00%		10.00%		'	'
Percentage of net unrealized pretax gains permitted in Tier 2 capital on AFS equity securities	45.00%		'		'	'
CIT Group Inc [Member]	'		'		'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'	'
Total qualifying capital	8,686.20		8,791.20		'	'
Risk-weighted assets	51,752.30		50,571.20		'	'
Total Capital (to risk-weighted assets), Actual	16.80%		17.40%		'	'
Total Capital (to risk-weighted assets), Required Ratio for Capital Adequacy Purposes	13.00%		13.00%		'	'
Tier 1 Capital (to risk-weighted assets), Actual	16.10%		16.70%		'	'
Tier 1 Capital (to risk-weighted assets), Required Ratio for Capital Adequacy Purposes	6.00%		6.00%		'	'
Tier 1 Leverage Ratio, Actual	17.50%		18.10%		'	'
Tier 1 Leverage Ratio, Required Ratio for Capital Adequacy Purposes	4.00%		4.00%		'	'
CIT Bank [Member]	'		'		'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'	'
Total qualifying capital	2,833.40		2,790.20		'	'
Risk-weighted assets	16,284.40		15,451.90		'	'
Total Capital (to risk-weighted assets), Actual	17.40%		18.10%		'	'
Total Capital (to risk-weighted assets), Required Ratio for Capital Adequacy Purposes	10.00%		10.00%		'	'
Tier 1 Capital (to risk-weighted assets), Actual	16.10%		16.80%		'	'
Tier 1 Capital (to risk-weighted assets), Required Ratio for Capital Adequacy Purposes	6.00%		6.00%		'	'
Tier 1 Leverage Ratio, Actual	15.90%		16.90%		'	'
Tier 1 Leverage Ratio, Required Ratio for Capital Adequacy Purposes	5.00%		5.00%		'	'
Tier 1 Capital [Member] \| CIT Group Inc [Member]	'		'		'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'	'
Total stockholders' equity	8,796		8,838.80		'	'
Effect of certain items in accumulated other comprehensive loss excluded from Tier 1 Capital	22.3		24.2		'	'
Adjusted total equity	8,818.30		8,863		'	'
Less: Goodwill	-407.2	[1]	-338.3	[1]	'	'
Disallowed intangible assets	-18.2		-20.3		'	'
Investment in certain subsidiaries	-31		-32.3		'	'
Other Tier 1 components	-28.5	[2]	-32.6	[2]	'	'
Tier 1 Capital	8,333.40		8,439.50		'	'
Tier 1 Capital [Member] \| CIT Bank [Member]	'		'		'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'	'
Total stockholders' equity	2,629.30		2,596.60		'	'
Adjusted total equity	2,629.30		2,596.60		'	'
Tier 1 Capital	2,629.30		2,596.60		'	'
Tier 2 Capital [Member] \| CIT Group Inc [Member]	'		'		'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'	'
Investment in certain subsidiaries	-31		-32.3		'	'
Qualifying allowance for credit losses and other reserves	383.6	[3]	383.9	[3]	'	'
Other Tier 2 components	0.2	[4]	0.1	[4]	'	'
Tier 2 Capital [Member] \| CIT Bank [Member]	'		'		'	'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'	'
Qualifying allowance for credit losses and other reserves	$204.10	[3]	$193.60	[3]	'	'

[1]	Goodwill and disallowed intangible assets adjustments also reflect the portion included within assets held for sale.
[2]	Includes the portion of net deferred tax assets that does not qualify for inclusion in Tier 1 capital based on the capital guidelines, the Tier 1 capital charge for nonfinancial equity investments, qualifying noncontrolling interests and the Tier 1 capital deduction for net unrealized losses on available-for-sale marketable securities (net of tax).
[3]	â€œOther reservesâ€ represents additional credit loss reserves for unfunded lending commitments, letters of credit, and deferred purchase agreements, all of which are recorded in Other Liabilities.
[4]	Banking organizations are permitted to include in Tier 2 Capital up to 45% of net unrealized pretax gains on available-for-sale equity securities with readily determinable fair values.

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
Income Taxes (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Income Tax Contingency [Line Items]	'	'	'
Provision for income taxes	$14,200,000	$15,200,000	'
Net operating loss (NOL) carry forwards, pre-emergence	'	'	5,200,000,000
Annual limitation on use of NOLs	'	230,000,000	'
Deferred tax assets, valuation allowance	'	'	1,500,000,000
Liability for uncertain tax positions	320,300,000	'	320,100,000
Liability for uncertain tax positions, estimated amount expected to be reduced	5,000,000	'	'
Accrual for interest and penalties	13,700,000	'	13,300,000
Pre-Emergence [Member]	'	'	'
Income Tax Contingency [Line Items]	'	'	'
Net operating loss (NOL) carry forwards, pre-emergence	'	'	2,600,000,000
Relating To Cumulative Federal NOLs [Member]	'	'	'
Income Tax Contingency [Line Items]	'	'	'
Deferred tax assets, valuation allowance	'	'	1,300,000,000
Relating To Cumulative Foreign NOLs [Member]	'	'	'
Income Tax Contingency [Line Items]	'	'	'
Deferred tax assets, valuation allowance	'	'	$211,000,000

Stockholders_Equity_Narrative_

Stockholders' Equity (Narrative) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Stockholders' Equity [Abstract]	'	'
Change in income taxes associated with net unrealized gains on available for sale securities	($0.10)	$0.20
Changes in benefit plans net gain/(loss) and prior service (cost)/credit	1.6	'
Foreign currency translation reclassification adjustments	1.9	3.2
Reclassification adjustments impacting net income related to changes in fair value of derivatives qualifying as cash flow hedges	'	$0.30

Stockholders_Equity_Components

Stockholders' Equity (Components Of Accumulated Other Comprehensive Loss) (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013		Dec. 31, 2012
Stockholders' Equity [Abstract]	'		'		'		'
Changes in benefit plan net gain/(loss) and prior service (cost)/credit, Gross Unrealized	($53.70)		($49.40)		'		'
Foreign currency translation adjustments, Gross Unrealized	-22.7		-24.3		'		'
Changes in fair values of derivatives qualifying as cash flow hedges, Gross Unrealized	-0.2		-0.2		'		'
Unrealized net gains (losses) on available for sale securities, Gross Unrealized	0.6		0.2		'		'
Total accumulated other comprehensive loss, Gross Unrealized	-76		-73.7		'		'
Foreign currency translation adjustments, Income Taxes	0.2		0.2		'		'
Unrealized net gains (losses) on available for sale securities, Income Taxes	-0.2		-0.1		'		'
Total accumulated other comprehensive loss, Income Taxes	'		0.1		'		'
Changes in benefit plan net gain/(loss) and prior service (cost)/credit, Net Unrealized	-53.7		-49.4		'		'
Foreign currency translation adjustments, Net Unrealized	-22.5		-24.1		'		'
Changes in fair values of derivatives qualifying as cash flow hedges, Net Unrealized	-0.2		-0.2		'		'
Unrealized net gains (losses) on available for sale securities, Net Unrealized	0.4		0.1		'		'
Total accumulated other comprehensive loss, Net Unrealized	($76)	[1]	($73.60)	[1]	($83.30)	[1]	($77.70)	[1]

[1]	All amounts are net-of-tax.

Stockholders_Equity_Changes_In

Stockholders' Equity (Changes In Accumulated Other Comprehensive Income By Component) (Details) (USD $)

3 Months Ended

In Millions, unless otherwise specified

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Changes In Benefit Plan Net Gain/(Loss) And Prior Service (Cost)/Credit [Member]

Foreign Currency Translation Adjustments[Member]

Net Unrealized Gains (Losses) On Available For Sale Securities [Member]

Changes In Fair Values Of Derivatives Qualifying As Cash Flow Hedges [Member]

Balance

($73.60)

[1]

($77.70)

[1]

($49.40)

[1]

($36.60)

[1]

($24.10)

[1]

($43.10)

[1]

($0.10)

[1]

($0.20)

[1]

($0.20)

[1]

$0.10

[1]

$2.10

[1]

AOCI activity before reclassification

-5.9

[1]

-9.1

[1]

-6.2

[1]

-8.2

[1]

-0.2

[1]

-0.4

[1]

0.3

[1]

-0.3

[1]

Amounts reclassified from AOCI

3.5

[1]

3.5

[1]

1.9

[1]

3.2

[1]

1.6

[1]

0.3

[1]

Net current period AOCI

-2.4

[1]

-5.6

[1]

-4.3

[1]

-5

[1]

1.6

[1]

-0.2

[1]

-0.1

[1]

0.3

[1]

-0.3

[1]

Balance

($76)

[1]

($83.30)

[1]

($53.70)

[1]

($41.60)

[1]

($22.50)

[1]

($43.30)

[1]

($0.20)

[1]

($0.20)

[1]

($0.20)

[1]

$0.40

[1]

$1.80

[1]

All amounts are net-of-tax.

Stockholders_Equity_Reclassifi

Stockholders' Equity (Reclassifications Out Of Accumulated Other Comprehensive Income) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
(Gains)/Losses, Gross Amount	$3.50		$3.50
Net Amount	3.5	[1]	3.5	[1]
Changes In Benefit Plan Net Gain/(Loss) And Prior Service (Cost)/Credit [Member]	'		'
Net Amount	1.9	[1]	3.2	[1]
Changes In Benefit Plan Net Gain/(Loss) And Prior Service (Cost)/Credit [Member] \| Other Expense [Member]	'		'
(Gains)/Losses, Gross Amount	1.6		'
Net Amount	1.6		'
Foreign Currency Translation Adjustments[Member]	'		'
Net Amount	1.6	[1]	'
Foreign Currency Translation Adjustments[Member] \| Other Income [Member]	'		'
(Gains)/Losses, Gross Amount	1.9		3.2
Net Amount	1.9		3.2
Net Unrealized Gains (Losses) On Available For Sale Securities [Member]	'		'
Net Amount	'		0.3	[1]
Changes In Fair Values Of Derivatives Qualifying As Cash Flow Hedges [Member] \| Other Income [Member]	'		'
(Gains)/Losses, Gross Amount	'		0.3
Net Amount	'		$0.30

[1]	All amounts are net-of-tax.

Commitments_Narrative_Details

Commitments (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
	item	Dec. 31, 2013
Commitments [Line Items]	'	'
Financing commitments on which criteria for funding have not been completed	$804,000,000	$548,000,000
Typical notice period	'90 days	'
Financing commitments to Trade Finance clients that are cancelable only after a notice period, amount	214,000,000	'
Additional funding commitments	1,000,000,000	900,000,000
Trade receivable terms	'60 days	'
DPA credit protection provided to clients	1,595,000,000	'
DPA credit line agreements net of Deferred Purchase Agreement credit protection	87,000,000	'
DPA credit line agreements, cancellation notice period	'90 days	'
Other liabilities, including $117.1 and $111.0 at March 31, 2014 and December 31, 2013, respectively, at fair value	2,704,400,000	2,676,400,000
Aircraft remaining to be purchased, contractual commitments	139	'
Equipment purchase commitment	600,000,000	'
Deferred Purchase Agreements [Member]	'	'
Commitments [Line Items]	'	'
Other liabilities, including $117.1 and $111.0 at March 31, 2014 and December 31, 2013, respectively, at fair value	$6,900,000	$6,000,000
Contractual Commitments [Member]	'	'
Commitments [Line Items]	'	'
Railcars	8,000	'

Commitments_Summary_Of_CreditR

Commitments (Summary Of Credit-Related Commitments And Purchase And Funding Commitments) (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Commitments [Abstract]	'	'
Financing and leasing assets - Due to Expire Within One Year	$970.10	'
Financing and leasing assets - Due to Expire After One Year	3,566.10	'
Financing and leasing assets - Total Outstanding	4,536.20	4,325.80
Standby letters of credit - Due to Expire Within One Year	32.1	'
Standby letters of credit - Due to Expire After One Year	318.5	'
Standby letters of credit - Total Outstanding	350.6	302.3
Other letters of credit - Due to Expire Within One Year	33.9	'
Other letters of credit - Total Outstanding	33.9	35.9
Deferred purchase credit protection agreements - Due to Expire Within One Year	1,681.50	'
Deferred purchase credit protection agreements - Total Outstanding	1,681.50	1,771.60
Guarantees, acceptances and other recourse obligations - Due to Expire Within One Year	2.5	'
Guarantees, acceptances and other recourse obligations - Total Outstanding	2.5	3.9
Aerospace manufacturer purchase commitments - Due To Expire Within One Year	1,211.40	'
Aerospace manufacturer purchase commitments - Due To Expire After One Year	7,725.20	'
Aerospace manufacturer purchase commitments - Total Outstanding	8,936.60	8,744.50
Rail and other manufacturer purchase commitments - Due to Expire Within One Year	771	'
Rail and other manufacturer purchase commitments - Due to Expire After One Year	409.5	'
Rail and other manufacturer purchase commitments - Total Outstanding	$1,180.50	$1,054

Contingencies_Details

Contingencies (Details)

Mar. 31, 2014

Jul. 06, 2013

Mar. 31, 2014

Jul. 06, 2013

USD ($)

BRL

item

Itu And Cascavel [Member]

Sao Paulo [Member]

Lac-Mgantic, Quebec Derailment [Member]

CIT Group Inc. [Member]

USD ($)

BRL

Tax Years 2006 to 2009 [Member]

Tax Years 2004-2007 [Member]

lawsuit

item

Lac-Mgantic, Quebec Derailment [Member]

USD ($)

BRL

USD ($)

BRL

defendant

item

Contingencies [Line Items]

Reasonably possible litigation losses in excess of established reserves and insurance

$90,000,000

Number of locomotives

Number of rail tank cars

Number of rail tank cars for which parent company is lessor to third party

Number of deceased

Number of buildings destroyed

Number of lawsuits filed

Number of lawsuits in which parent company is named defendant

Number of other defendants

Number of cases not consolidated

Tax assessments and penalties claimed

375,000

850,000

32,000,000

72,000,000

1,800,000

4,000,000

Alleged actual tax rate paid

8.80%

Required tax rate

18.00%

Potential aggregate exponsure in taxes, fines and interest

$34,000,000

77,000,000

Business_Segment_Information_S

Business Segment Information (Segment Profit And Assets) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013	Dec. 31, 2013
Segment Reporting Information [Line Items]	'		'	'
Interest income	$323.30		$356.70	'
Interest expense	-290.9		-291.9	'
Provision for credit losses	-36.7		-19.5	'
Rental income on operating leases	491.9		476.4	'
Other income	74.2		70.1	'
Depreciation on operating lease equipment	-148.8		-133.3	'
Maintenance and other operating expenses	-51.6		-42.4	'
Operating expenses	-235.7		-235.3	'
Income (loss) before (provision) benefit for income taxes	125.7		180.8	'
Loans	18,571.70	[1]	22,120.40	18,629.20	[1]
Credit balances of factoring clients	-1,213.50		-1,237.70	-1,336.10
Assets held for sale	4,403		646.8	4,377.90
Operating lease equipment, net	14,182.40	[1]	12,290.60	13,035.40	[1]
Transportation And International Finance [Member]	'		'	'
Segment Reporting Information [Line Items]	'		'	'
Interest income	76.7		56.6	'
Interest expense	-160.7		-144.1	'
Provision for credit losses	-12.4		5.6	'
Rental income on operating leases	459.6		417.4	'
Other income	7.2		16.8	'
Depreciation on operating lease equipment	-121.7		-108	'
Maintenance and other operating expenses	-51.6		-42.4	'
Operating expenses	-79.5		-63.4	'
Income (loss) before (provision) benefit for income taxes	117.6		138.5	'
Loans	3,553.50		2,958	3,494.40
Assets held for sale	92.6		214.1	'
Operating lease equipment, net	13,926.90		12,024.60	'
North American Commercial Finance [Member]	'		'	'
Segment Reporting Information [Line Items]	'		'	'
Interest income	193.4		219.3	'
Interest expense	-68.9		-78.6	'
Provision for credit losses	-23.2		-24.9	'
Rental income on operating leases	22.8		23.8	'
Other income	61.8		63.7	'
Depreciation on operating lease equipment	-21.9		-16.3	'
Operating expenses	-121.5		-128.1	'
Income (loss) before (provision) benefit for income taxes	42.5		58.9	'
Loans	14,902.80		14,094.20	14,693.10
Credit balances of factoring clients	-1,213.50		-1,237.70	'
Assets held for sale	67		8.5	'
Operating lease equipment, net	210.1		183.8	'
Non-Strategic Portfolios [Member]	'		'	'
Segment Reporting Information [Line Items]	'		'	'
Interest income	49.5		78.1	'
Interest expense	-43.9		-54.6	'
Provision for credit losses	-1		-0.3	'
Rental income on operating leases	9.5		35.2	'
Other income	7.5		-9.7	'
Depreciation on operating lease equipment	-5.2		-9	'
Operating expenses	-22.2		-45.1	'
Income (loss) before (provision) benefit for income taxes	-5.8		-5.4	'
Loans	115.4		5,068.20	441.7
Assets held for sale	4,243.40		424.2	'
Operating lease equipment, net	45.4		82.2	'
Corporate And Other [Member]	'		'	'
Segment Reporting Information [Line Items]	'		'	'
Interest income	3.7		2.7	'
Interest expense	-17.4		-14.6	'
Provision for credit losses	-0.1		0.1	'
Other income	-2.3		-0.7	'
Operating expenses	-12.5		1.3	'
Income (loss) before (provision) benefit for income taxes	($28.60)		($11.20)	'

[1]	The following table presents information on assets and liabilities related to Variable Interest Entities (VIEs) that are consolidated by the Company. The difference between VIE total assets and total liabilities represents the Companyâ€™s interests in those entities, which were eliminated in consolidation. The assets of the consolidated VIEs will be used to settle the liabilities of those entities and, except for the Companyâ€™s interest in the VIEs, are not available to the creditors of CIT or any affiliates of CIT.

Goodwill_Narrative_Details

Goodwill (Narrative) (Details) (USD $)	1 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2014	Mar. 31, 2014
Acquisitions	'	$68.90
Nacco [Member]	'	'
Percentage of outstanding shares acquired	100.00%	'
Purchase price of Nacco acquisition	'	250
Acquisitions	68.9	'
Leasing assets acquired	$650	'

Goodwill_Schedule_Of_Goodwill_

Goodwill (Schedule Of Goodwill) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
	Mar. 31, 2014	Transportation And International Finance [Member]	North American Commercial Finance [Member]	North American Commercial Finance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Goodwill, Beginning Balance	$334.60	$183.10	$151.50	$151.50
Acquisitions	68.9	68.9	'	'
Goodwill, Ending Balance	$403.50	$252	$151.50	$151.50

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	0 Months Ended	3 Months Ended	0 Months Ended			1 Months Ended
	Apr. 18, 2014	Mar. 31, 2014	Apr. 25, 2014	Apr. 18, 2014	Apr. 01, 2014	Apr. 30, 2014
			Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
				item
Maturing unsecured debt repaid	'	'	'	'	$1,300,000,000	'
Coupon rate of unsecured debt	'	'	'	'	5.25%	'
Dividend declared	'	$0.10	'	'	'	$0.10
Additional share repurchase authorized	'	'	'	'	'	300,000,000
Total authorized repurchase	'	'	'	'	'	607,000,000
Extinguishment of debt	'	'	3,200,000,000	'	'	'
Amount repaid using portion of cash proceeds from sale of student loan business	'	'	800,000,000	'	'	'
Gain on sale of student loan business reported as discontinued operations	'	'	50,000,000	'	'	'
Date of intended redemption of notes	20-May-14	'	'	'	'	'
Notes outstanding relating to aircraft securitization vehicles	'	'	'	366,000,000	'	'
Number of aircraft securitization vehicles	'	'	'	2	'	'
Income from acceleration of debt and reimbursement of original issue discount	'	'	'	$16,000,000	'	'