Cit (CIT) 8-K 9 Oct 14 Other Events Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Feb. 21, 2014	Jun. 30, 2013
Document And Entity Information [Abstract]	'	'	'
Document Type	'8-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-13	'	'
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	'	195,397,208	'
Entity Public Float	'	'	$9,347,819,855

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified
Assets	'		'
Cash and due from banks, including restricted balances of $178.1 and $497.6 at December 31, 2013 and 2012(1),respectively	$680.10	[1]	$347.90	[1]
Interest bearing deposits, including restricted balances of $880.0 and $687.5 at December 31, 2013 and 2012(1),respectively	5,364.60	[1]	6,361.70	[1]
Investment securities	2,630.70		1,065.50
Trading assets at fair value - derivatives	37.4		8.4
Assets held for sale	1,003.40	[1]	644.8	[1]
Loans (see Note 8 for amounts pledged)	18,629.20		17,153.10	[2]
Allowance for loan losses	-356.1		-379.3	[2]
Total loans, net of allowance for loan losses	18,273.10	[1]	16,773.80	[1]
Operating lease equipment, net (see Note 8 for amounts pledged)	13,035.40	[1]	12,411.70	[1]
Unsecured counterparty receivable	301.6		328.9
Goodwill	334.6		345.9
Intangible assets, net	20.3		31.9
Other assets, including $12.9 and $1.9 at December 31, 2013 and 2012, respectively, at fair value	1,636.40		1,488.90
Assets of discontinued operation	3,821.40		4,202.60
Total Assets	47,139	[3]	44,012	[3]
Liabilities	'		'
Deposits	12,526.50		9,684.50
Trading liabilities at fair value - derivatives	86.9		81.9
Credit balances of factoring clients	1,336.10		1,256.50
Other liabilities	2,577.40	[4]	2,669.90	[4]
Long-term borrowings, including $2,639.1 and $1,425.9 contractually due within twelve months at December 31, 2013 and December 31, 2012, respectively	18,484.50		18,330.90
Liabilities of discontinued operation	3,277.60		3,648.80
Total Liabilities	38,289		35,672.50
Stockholders' Equity	'		'
Common stock: $0.01 par value, 600,000,000 authorized Issued: 202,182,395 and 201,283,063 at December 31, 2013 and December 31, 2012 Outstanding: 197,403,751 and 200,868,802 at December 31, 2013 and December 31, 2012	2		2
Paid-in capital	8,555.40		8,501.80
Retained earnings / (Accumulated deficit)	581		-74.6
Accumulated other comprehensive loss	-73.6		-77.7
Treasury stock: 4,778,644 and 414,261 shares at December 31, 2013 and December 31, 2012 at cost	-226		-16.7
Total Common Stockholders' Equity	8,838.80		8,334.80
Noncontrolling minority interests	11.2		4.7
Total Equity	8,850		8,339.50
Total Liabilities and Equity	47,139		44,012
Variable Interest Entities [Member]	'		'
Assets	'		'
Interest bearing deposits, including restricted balances of $880.0 and $687.5 at December 31, 2013 and 2012(1),respectively	516.4		657.3
Assets held for sale	96.7		8.7
Total loans, net of allowance for loan losses	3,109.70		3,456.90
Operating lease equipment, net (see Note 8 for amounts pledged)	4,569.90		4,508.80
Other assets, including $12.9 and $1.9 at December 31, 2013 and 2012, respectively, at fair value	11.9		'
Assets of discontinued operation	3,438.20		3,772.80
Total Assets	11,742.80		12,404.50
Liabilities	'		'
Liabilities of discontinued operation	3,265.60		3,630.90
Beneficial interests issued by consolidated VIEs (classified as long-term borrowings)	5,156.40		5,610.40
Total Liabilities	$8,422		$9,241.30
[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 Company’s interest 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 Company’s interest in the VIEs, are not available to the creditors of CIT or any affiliates of CIT.
[2]	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).
[3]	Includes Assets of discontinued operation of $3,821.4 million at December 31, 2013, $4,202.6 million at December 31, 2012, and $7,021.9 million at December 31, 2011. The Assets of discontinued operation are in the U.S.
[4]	Other liabilities consist of other taxes, property tax reserves and other miscellaneous liabilities.

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, except Share data, unless otherwise specified
Consolidated Balance Sheets [Abstract]	'	'
Interest bearing deposits, restricted balances	$785.50	$910.70
Restricted cash and due from banks	178.1	179.3
Other assets	12.9	1.9
Other liabilities at fair value	24.1	38.5
Long-term borrowings, contractually due within twelve months	$2,510.50	$1,298.60
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	202,182,395	201,283,063
Common stock, shares outstanding	197,403,751	200,868,802
Treasury stock, shares at cost	4,778,644	414,261

Consolidated_Statements_Of_Ope

Consolidated Statements Of Operations (USD $)	12 Months Ended
In Millions, except Share data in Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Interest income	'	'	'
Interest and fees on loans	$1,226.30	$1,361.80	$1,937.20
Interest and dividends on interest bearing deposits and investments	28.9	32.2	34.7
Interest income	1,255.20	1,394	1,971.90
Interest expense	'	'	'
Interest on long-term borrowings	-881.1	-2,513.20	-2,393
Interest on deposits	-179.8	-152.5	-111.2
Interest expense	-1,060.90	-2,665.70	-2,504.20
Net interest revenue	194.3	-1,271.70	-532.3
Provision for credit losses	-64.9	-51.4	-269.7
Net interest revenue, after credit provision	129.4	-1,323.10	-802
Non-interest income	'	'	'
Rental income on operating leases	1,897.40	1,900.80	1,785.60
Other income	381.3	614.7	954.2
Total non-interest income	2,278.70	2,515.50	2,739.80
Total revenue, net of interest expense and credit provision	2,408.10	1,192.40	1,937.80
Other expenses	'	'	'
Depreciation on operating lease equipment	-540.6	-513.2	-538.6
Operating expenses	-970.2	-894	-860.7
Maintenance and other operating lease expenses	-163.1	-139.4	-157.8
Loss on debt extinguishments	'	-61.2	-134.8
Total other expenses	-1,673.90	-1,607.80	-1,691.90
Income (loss) from continuing operations before provision for income taxes	734.2	-415.4	245.9
Provision for income taxes	-83.9	-116.7	-157
Income (loss) from continuing operations before attribution of noncontrolling interests before noncontrolling interests	650.3	-532.1	88.9
Net income attributable to noncontrolling interests, after tax	-5.9	-3.7	-5
Income from continuing operations	644.4	-535.8	83.9
Income / (loss) from discontinued operation, net of taxes	31.3	-56.5	-69.1
Net income (loss)	$675.70	($592.30)	$14.80
Basic income per common share: Income from continuing operations	$3.21	($2.67)	$0.42
Basic income per common share: Income from discontinued operation, net of taxes	$0.16	($0.28)	($0.35)
Basic income per common share	$3.37	($2.95)	$0.07
Average number of common shares - basic (thousands)	200,503	200,887	200,678
Diluted income per common share: Income from continuing operations	$3.19	($2.67)	$0.42
Diluted income per common share: Income from discontinued operation, net of taxes	$0.16	($0.28)	($0.35)
Diluted income per common share	$3.35	($2.95)	$0.07
Average number of common shares - basic (thousands)	200,503	200,887	200,678
Average number of common shares - diluted	201,695	200,887	200,815
Dividends declared per common share	$0.10	'	'

Consolidated_Statements_Of_Com

Consolidated Statements Of Comprehensive Income (Loss) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Consolidated Statements Of Comprehensive Income (Loss) [Abstract]	'	'	'
Income (loss) before noncontrolling interests	$650.30	($532.10)	$88.90
Other comprehensive income (loss), net of tax:	'	'	'
Foreign currency translation adjustments	-12.8	-8.4	-23.9
Changes in fair values of derivatives qualifying as cash flow hedges	-0.1	0.6	0.9
Net unrealized gains (losses) on available for sale securities	-2	1	-0.9
Changes in benefit plans net gain (loss) and prior service (cost)/credit	19	11.7	-57.6
Other comprehensive income (loss), net of tax	4.1	4.9	-81.5
Comprehensive income (loss) before noncontrolling interests	654.4	-527.2	7.4
Comprehensive loss attributable to noncontrolling interests	-5.9	-3.7	-5
Income from discontinued operation, net of taxes	31.3	-56.5	-69.1
Comprehensive income (loss)	$679.80	($587.40)	($66.70)

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 Minority Interest [Member]	Total
In Millions
Beginning balance at Dec. 31, 2010	$2	$8,434.10	$502.90	($1.10)	($8.80)	($2.30)	$8,926.80
Net income (loss)	'	'	14.8	'	'	5	19.8
Other comprehensive income (loss), net of tax	'	'	'	-81.5	'	'	-81.5
Amortization of restricted stock and stock option, and performance shares expense	'	24.6	'	'	-4	'	20.6
Employee stock purchase plan	'	0.6	'	'	'	'	0.6
Distribution of earnings and capital	'	'	'	'	'	-0.2	-0.2
Ending balance at Dec. 31, 2011	2	8,459.30	517.7	-82.6	-12.8	2.5	8,886.10
Net income (loss)	'	'	-592.3	'	'	3.7	-588.6
Other comprehensive income (loss), net of tax	'	'	'	4.9	'	'	4.9
Amortization of restricted stock and stock option, and performance shares expense	'	41.6	'	'	-3.9	'	37.7
Employee stock purchase plan	'	1.1	'	'	'	'	1.1
Distribution of earnings and capital	'	-0.2	'	'	'	-1.5	-1.7
Ending balance at Dec. 31, 2012	2	8,501.80	-74.6	-77.7	-16.7	4.7	8,339.50
Net income (loss)	'	'	675.7	'	'	5.9	681.6
Other comprehensive income (loss), net of tax	'	'	'	4.1	'	'	4.1
Cash dividends	'	'	-20.1	'	'	'	-20.1
Amortization of restricted stock and stock option, and performance shares expense	'	52.5	'	'	-15.9	'	36.6
Repurchase of common stock	'	'	'	'	-193.4	'	-193.4
Employee stock purchase plan	'	1.1	'	'	'	'	1.1
Distribution of earnings and capital	'	'	'	'	'	0.6	0.6
Ending balance at Dec. 31, 2013	$2	$8,555.40	$581	($73.60)	($226)	$11.20	$8,850

Consolidated_Statements_Of_Cas

Consolidated Statements Of Cash Flows (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash Flows From Operations	'	'	'
Net income (loss)	$675.70	($592.30)	$14.80
Adjustments to reconcile net income (loss) to net cash flows from operations:	'	'	'
Provision for credit losses	64.9	51.6	269.7
Net depreciation, amortization and accretion	705.5	1,985.90	751.8
Net gains on equipment, receivable and investment sales	-187.2	-342.8	-502.5
Loss on debt extinguishments	'	21.1	109.8
Provision for deferred income taxes	59.1	32.7	57
(Increase) decrease in finance receivables held for sale	404.8	-54.9	46.9
(Increase) decrease in other assets	-251.1	-106.2	503.3
(Decrease) in accrued liabilities and payables	-18.1	-86.6	-394.8
Net cash flows provided by operations	1,453.60	908.5	856
Cash Flows From Investing Activities	'	'	'
Loans originated and purchased	-18,243.10	-18,983.60	-20,576.20
Principal collections of loans	15,310.40	16,673.70	21,670.70
Purchases of investment securities	-16,538.80	-16,322	-14,971.80
Proceeds from maturities of investment securities	15,084.50	16,580	14,085.90
Proceeds from asset and receivable sales	1,875.40	4,499.30	4,315.70
Purchases of assets to be leased and other equipment	-2,071.80	-1,776.60	-2,136.90
Net increase in short-term factoring receivables	105.2	134.1	196.8
Change in restricted cash	127	-314	1,683.90
Net cash flows (used in) provided by investing activities	-4,351.20	490.9	4,268.10
Cash Flows From Financing Activities	'	'	'
Proceeds from the issuance of term debt	2,107.60	13,523.90	6,680.50
Repayments of term debt	-2,445.80	-19,542.20	-15,626.30
Net increase in deposits	2,846.10	3,499.80	1,680.90
Collection of security deposits and maintenance funds	543.9	563.4	554.6
Use of security deposits and maintenance funds	-495.8	-373.8	-498.5
Repurchase of common stock	-193.4	'	'
Dividends paid	-20.1	'	'
Net cash flows provided by (used in) financing activities	2,342.50	-2,328.90	-7,208.80
Decrease in cash and cash equivalents	-555.1	-929.5	-2,084.70
Unrestricted cash and cash equivalents, beginning of period	5,636.20	6,565.70	8,650.40
Unrestricted cash and cash equivalents, end of period	5,081.10	5,636.20	6,565.70
Supplementary Cash Flow Disclosure	'	'	'
Interest paid	-997.8	-1,240	-1,939.80
Federal, foreign, state and local income taxes paid (collected), net	-68	18.4	94.5
Supplementary Non Cash Flow Disclosure	'	'	'
Transfer of assets from held for investment to held for sale	5,141.90	1,421.20	3,959.40
Transfer of assets from held for sale to held for investment	$18	$11	$229.80

Business_And_Summary_Of_Signif

Business And Summary Of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Business And Summary Of Significant Accounting Policies [Abstract]	'
Business And Summary Of Significant Accounting Policies	'
	CIT GROUP AND SUBSIDIARIES – NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
	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 and offers vendor, equipment, commercial and structured financing products, as well as factoring and management advisory services. 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, South America and Asia.
	BASIS OF PRESENTATION
	Basis of Financial Information
	The accounting and financial reporting policies of CIT Group Inc. conform to generally accepted accounting principles (“GAAP”) in the United States and the preparation of the consolidated financial statements is in conformity with GAAP which 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.
	Principles of Consolidation
	The accompanying consolidated financial statements include financial information related to CIT Group Inc. and its majority-owned subsidiaries and those variable interest entities (“VIEs”) where the Company is the primary beneficiary.
	In preparing the consolidated financial statements, all significant inter-company accounts and transactions have been eliminated.  Assets held in an agency or fiduciary capacity are not included in the consolidated financial statements.
	Discontinued Operation
	On April 25, 2014, the Company completed the sale of its student lending business.  As a result, the student lending business is reported as a discontinued operation.  The business had been included in the Non-Strategic Portfolios segment and consisted of a portfolio of U.S. Government-guaranteed student loans.  The portfolio was in run-off and had been transferred to assets held for sale (“AHFS”) at the end of 2013.  See Note 2 – Discontinued Operation.
	SIGNIFICANT ACCOUNTING POLICIES
	Financing and Leasing Assets
	CIT extends credit to customers through a variety of financing arrangements; including term loans, revolving credit facilities, capital leases (direct finance leases) and operating leases.  The amounts outstanding on term loans, revolving credit facilities and capital leases are referred to as finance receivables.  In certain instances, we use the term “Loans” synonymously, as presented on the balance sheet. These finance receivables, when combined with Assets held for sale and Operating lease equipment, net are referred to as financing and leasing assets.
	It is CIT’s expectation that the majority of the loans and leases originated will be held for the foreseeable future or until maturity. In certain situations, for example to manage concentrations and/or credit risk or where returns no longer meet specified targets, some or all of certain exposures are sold. Loans for which the Company has the intent and ability to hold for the foreseeable future or until maturity are classified as held for investment (“HFI”). If the Company no longer has the intent or ability to hold loans for the foreseeable future, then the loans are transferred to assets held for sale (“AHFS”). Loans originated with the intent to resell are classified as AHFS.
	Loans originated and classified as HFI are recorded at amortized cost. Loan origination fees and certain direct origination costs are deferred and recognized as adjustments to interest income over the lives of the related loans. Unearned income on leases and discounts and premiums on loans purchased are amortized to interest income using the effective interest method. Direct financing leases originated and classified as HFI are recorded at the aggregate future minimum lease payments plus estimated residual values less unearned finance income.  Management performs periodic reviews of estimated residual values, with other than temporary impairment (“OTTI”) recognized in current period earnings.
	Operating lease equipment is carried at cost less accumulated depreciation. Operating lease equipment is depreciated to its estimated residual value using the straight-line method over the lease term or estimated useful life of the asset.
	In the operating lease portfolio, maintenance costs incurred that exceed maintenance funds collected for commercial aircraft are expensed if they do not provide a future economic benefit and do not extend the useful life of the aircraft. Such costs may include costs of routine aircraft operation and costs of maintenance and spare parts incurred in connection with re-leasing an aircraft and during the transition between leases. For such maintenance costs that are not capitalized, a charge is recorded in expense at the time the costs are incurred. Income recognition related to maintenance funds collected and not used during the life of the lease is deferred to the extent management estimates costs will be incurred by subsequent lessees performing scheduled maintenance. Upon the disposition of an aircraft, any excess maintenance funds that exist are recognized as Other Income.
	If it is determined that a loan should be transferred from HFI to AHFS, then the balance is transferred 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 when the carrying amount exceeds fair value and the difference relates to credit quality, otherwise the write-down is recorded as a reduction in Other Income, and any allowance for loan loss is reversed. Once classified as AHFS, the amount by which the carrying value exceeds fair value is recorded as a valuation allowance and is reflected as a reduction to Other Income.
	If it is determined that a loan should be transferred from AHFS to HFI, the loan is transferred at the lower of cost or fair value on the transfer date, which coincides with the date of change in management’s intent. The difference between the carrying value of the loan and the fair value, if lower, is reflected as a loan discount at the transfer date, which reduces its carrying value. Subsequent to the transfer, the discount is accreted into earnings as an increase to interest income over the life of the loan using the effective interest method.
	Revenue Recognition
	Interest income on loans (both HFI and AHFS) and direct financing leases is recognized using the effective interest method or on a basis approximating a level rate of return over the life of the asset. Interest income includes a component of accretion of the fair value discount on loans and lease receivables recorded in connection with Fresh Start Accounting (“FSA”), which is accreted using the effective interest method as a yield adjustment over the remaining term of the loan and recorded in interest income.  See Fresh Start Accounting further in this section.
	Rental revenue on operating leases is recognized on a straight line basis over the lease term and is included in Non-interest Income. An intangible asset was recorded in FSA to adjust for carrying value of above or below market operating lease contracts to their fair value. These adjustments (net) are amortized into rental income on a straight line basis over the remaining term of the respective lease.
	The recognition of interest income (including accretion) on commercial loans and finance receivables is suspended and an account is placed on non-accrual status when, in the opinion of management, full collection of all principal and interest due is doubtful. To the extent the estimated cash flows, including fair value of collateral, does not satisfy both the principal and accrued interest outstanding, accrued but uncollected interest at the date an account is placed on non-accrual status is reversed and charged against interest income. Subsequent interest received is applied to the outstanding principal balance until such time as the account is collected, charged-off or returned to accrual status. Interest on loans or capital leases that are on cash basis non-accrual do not accrue interest income; however, payments designated by the borrower as interest payments may be recorded as interest income. To qualify for this treatment, the remaining recorded investment in the loan or capital lease must be deemed fully collectable.
	The recognition of interest income (including accretion) on certain small ticket commercial loans and lease receivables is suspended and all previously accrued but uncollected revenue is reversed, when payment of principal and/or interest is contractually delinquent for 90 days or more. Accounts, including accounts that have been modified, are returned to accrual status when, in the opinion of management, collection of remaining principal and interest is reasonably assured, and upon collection of six consecutive scheduled payments.
	The Company periodically modifies the terms of finance receivables in response to borrowers’ financial difficulties. These modifications may include interest rate changes, principal forgiveness or payment deferments. The finance receivables that are modified, where a concession has been made to the borrower, are accounted for as Troubled Debt Restructurings (“TDR’s”). TDR’s are generally placed on non-accrual upon their restructuring and remain on non-accrual until, in the opinion of management, collection of remaining principal and interest is reasonably assured, and upon collection of six consecutive scheduled payments.
	Allowance for Loan Losses on Finance Receivables
	The allowance for loan losses is intended to provide for credit losses inherent in the loan and lease receivables portfolio and is periodically reviewed for adequacy considering credit quality indicators, including expected and historical losses and levels of and trends in past due loans, non-performing assets and impaired loans, collateral values and economic conditions.
	The allowance for loan losses on finance receivables for CIT reflects estimated amounts for loans originated subsequent to the emergence date, and amounts required in excess of the remaining FSA discount on loans that were on the balance sheet at the emergence date. The allowance for loan losses on finance receivables originated as of or subsequent to emergence is determined based on three key components: (1) specific allowances for loans that are impaired, based upon the value of underlying collateral or projected cash flows, (2) non-specific allowances for estimated losses inherent in the portfolio based upon the expected loss over the loss emergence period projected loss levels and (3) allowances for estimated losses inherent in the portfolio based upon economic risks, industry and geographic concentrations, and other factors. Changes to the Allowance for Loan Losses are recorded in the Provision for Credit Losses.
	With respect to assets transferred from HFI to AHFS, a charge off is recognized to the extent carrying value exceeds the expected cash flows and the difference relates to credit quality.
	An approach similar to the allowance for loan losses is utilized to calculate a reserve for losses related to unfunded loan commitments and deferred purchase commitments associated with the Company’s factoring business. A reserve for unfunded loan commitments is maintained to absorb estimated probable losses related to these facilities. The adequacy of the reserve is determined based on periodic evaluations of the unfunded credit facilities, including an assessment of the probability of commitment usage, credit risk factors for loans outstanding to these same customers, and the terms and expiration dates of the unfunded credit facilities. The reserve for unfunded loan commitments is recorded as a liability on the Consolidated Balance Sheet. Net adjustments to the reserve for unfunded loan commitments are included in the provision for credit losses.
	Finance receivables are divided into the following portfolio segments, which correspond to the Company’s business segments; Transportation & International Finance (“TIF”), North American Commercial Finance (“NACF”) and Non-Strategic Portfolios (“NSP”).  Within each portfolio segment, credit risk is assessed and monitored in the following classes of loans; within TIF, Transportation Finance and International Finance, and within NACF, Corporate Finance, Equipment Finance, Real Estate Finance, and Commercial Services.  The allowance is estimated based upon the finance receivables in the respective class.
	The allowance policies described above related to specific and non-specific allowances, and the impaired finance receivables and charge-off policies that follow, are applied across the portfolio segments and loan classes. Given the nature of the Company’s business, the specific allowance is largely related to the NACF and TIF portfolio segments. The non-specific allowance, which considers the Company’s internal system of probability of default and loss severity ratings, among other factors, is applicable to all the portfolio segments.
	Impaired Finance Receivables
	Impaired finance receivables (including loans or capital leases) of $500 thousand or greater that are placed on non-accrual status, largely in the Corporate Finance, Commercial Services, Transportation Finance and International Finance loan classes, are subject to periodic individual review by the Company’s problem loan management (“PLM”) function. The Company excludes small-ticket loan and lease receivables, largely in  Equipment Finance and NSP, that have not been modified in a troubled debt restructuring, as well as short-term factoring receivables in Commercial Services, from its impaired finance receivables disclosures as charge-offs are typically determined and recorded for such loans beginning at 120-150 days of contractual delinquency.
	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.
	Charge-off of Finance Receivables
	Charge-offs on loans are recorded after considering such factors as the borrower’s financial condition, the value of underlying collateral and guarantees (including recourse to dealers and manufacturers), and the status of collection activities. Such charge-offs are deducted from the carrying value of the related finance receivables. This policy is largely applicable in the Corporate Finance, Equipment Finance, Real Estate Finance,  Commercial Services and Transportation Finance loan classes. Charge-offs on certain small ticket commercial finance receivables, primarily in NSP, are recorded beginning at 120 to150 days of contractual delinquency. Charge-offs on loans originated are reflected in the provision for credit losses.  Charge-offs on loans with an FSA discount are first allocated to the respective loan’s fresh start discount, then to the extent a charge-off amount exceeds such discount, to provision for credit losses. Collections on accounts previously charged off in the post-emergence period are recorded as recoveries in the provision for credit losses. Collections on accounts previously charged off in the pre-emergence period are recorded as recoveries in other income. Collections on accounts previously charged off prior to transfer to AHFS are recorded as recoveries in other income.
	Delinquent Finance Receivables
	A loan is considered past due for financial reporting purposes if default of contractual principal or interest exists for a period of 30 days or more.  Past due loans consist of both loans that are still accruing interest as well as loans on non-accrual status.
	Long-Lived Assets
	A review for impairment of long-lived assets, such as operating lease equipment, is performed at least annually or when events or changes in circumstances indicate that the carrying amount of long-lived assets may not be recoverable. Impairment of assets is determined by comparing the carrying amount to future undiscounted net cash flows expected to be generated. If an asset is impaired, the impairment is the amount by which the carrying amount exceeds the fair value of the asset. Fair value is based upon discounted cash flow analysis and available market data. Current lease rentals, as well as relevant and available market information (including third party sales for similar equipment, and published appraisal data), are considered both in determining undiscounted future cash flows when testing for the existence of impairment and in determining estimated fair value in measuring impairment. Depreciation expense is adjusted when projected fair value at the end of the lease term is below the projected book value at the end of the lease term. Assets to be disposed of are included in assets held for sale in the Consolidated Balance Sheet and reported at the lower of the carrying amount or fair value less disposal costs.
	Investments
	Debt and equity securities classified as “available-for-sale” (“AFS”) are carried at fair value with changes in fair value reported in accumulated other comprehensive income (“AOCI”), net of applicable income taxes. Credit- related declines in fair value that are determined to be OTTI are immediately recorded in earnings. Realized gains and losses on sales are included in Other income on a specific identification basis, and interest and dividend income on AFS securities is included in Interest and dividends on interest bearing deposits and investments.
	Debt securities classified as “held-to-maturity” (“HTM”) represent securities that the Company has both the ability and the intent to hold until maturity, and are carried at amortized cost. Interest on such securities is included in Interest and dividends on interest bearing deposits and investments.
	Debt and marketable equity security purchases and sales are recorded as of the trade date.
	Equity securities without readily determinable fair values are generally carried at cost or the equity method of accounting and periodically assessed for OTTI, with the net asset values reduced when impairment is deemed to be other-than-temporary. Equity method investments are recorded at cost, adjusted to reflect the Company’s portion of income, loss or dividend of the investee.
	Evaluating Investments for OTTI
	An unrealized loss exists when the current fair value of an individual security is less than its amortized cost basis.  Unrealized losses that are determined to be temporary in nature are recorded, net of tax, in AOCI for AFS securities, while such losses related to HTM securities are not recorded, as these investments are carried at their amortized cost.
	The Company conducts and documents periodic reviews of all securities with unrealized losses to evaluate whether the impairment is other than temporary. The Company accounts for investment impairments in accordance with ASC 320-10-35-34, Investments - Debt and Equity Securities: Recognition of an Other-Than-Temporary Impairment. Under the guidance for debt securities, OTTI is recognized in earnings for debt securities that the Company has an intent to sell or that the Company believes it is more-likely-than-not that it will be required to sell prior to the recovery of the amortized cost basis. For those securities that the Company does not intend to sell or expect to be required to sell, credit-related impairment is recognized in earnings, while the non-credit related impairment is recorded in AOCI.
	Amortized cost is defined as the original purchase cost, plus or minus any accretion or amortization of a purchase discount or premium. Regardless of the classification of the securities as AFS or HTM, the Company assesses each investment with an unrealized loss for impairment.
	Factors considered in determining whether a loss is temporary include:
		-	the length of time that fair value has been below cost;
		-	the severity of the impairment or the extent to which fair value has been below cost;
		-	the cause of the impairment and the financial condition and the near-term prospects of the issuer;
		-	activity in the market of the issuer that may indicate adverse credit conditions; and
		-	the Company’s ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery.
	The Company’s review for impairment generally includes identification and evaluation of investments that have indications of possible impairment, in addition to:
		-	analysis of individual investments that have fair values less than amortized cost, including consideration of the length of time the investment has been in an unrealized loss position and the expected recovery period;
		-	discussion of evidential matter, including an evaluation of factors or triggers that could cause individual investments to qualify as having OTTI and those that would not support OTTI; and
		-	documentation of the results of these analyses, as required under business policies.
	For equity securities, management considers the various factors described above. If it is determined that the security’s decline in fair value (for equity securities AFS) or cost (for equity securities carried at amortized cost) is other than temporary, the security’s fair value or cost is written down, and the charge recognized in Other income.
	Goodwill and Other Identified Intangibles
The Company’s goodwill represents the excess of the reorganization equity value over the fair value of tangible and identifiable intangible assets, net of liabilities as of the emergence date.  The goodwill was assigned to reporting units at the date the goodwill was initially recorded.  Once the goodwill was assigned to the segment (or “reporting unit”) level, it no longer retained its association with a particular transaction, and all of the activities within the reporting unit, whether acquired or internally generated, are available to evaluate the value of goodwill.
Goodwill is not amortized but it is subject to impairment testing at the reporting unit on an annual basis, or more often if events or circumstances indicate there may be impairment.  The Company follows guidance in ASU 2011-08, Intangibles – Goodwill and Other (Topic 350), Testing Goodwill for Impairment that includes the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount before performing the two-step impairment test as required in ASC 350, Intangibles – Goodwill and Other.  Examples of qualitative factors to assess include macroeconomic conditions, industry and market considerations, market changes affecting the Company’s products and services, overall financial performance, and company specific events affecting operations.
If the Company does not perform the qualitative assessment or upon performing the qualitative assessment concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, CIT would be required to perform the first step of the two-step goodwill impairment test for that reporting unit.  The first step involves comparing the fair value of the reporting unit with its carrying value, including goodwill as measured by allocated equity.  If the fair value of the reporting unit exceeds its carrying value, goodwill in that unit is not considered impaired.  However, if the carrying value exceeds its fair value, step two must be performed to assess potential impairment.  In step two, the implied fair value of the reporting unit’s goodwill (the reporting unit fair value less its carrying amount, excluding goodwill) is compared with the carrying amount of the goodwill.  An impairment loss would be recorded in the amount that the carrying amount of goodwill exceeds its implied fair value.  Reporting unit fair values are primarily estimated using discounted cash flow models.  See Note 25 for further details.
An intangible asset was recorded in FSA for net above and below market operating lease contracts. These intangible assets are amortized on a straight line basis, resulting in lower rental income (a component of Non-interest Income) over the remaining term of the lease agreements. Management evaluates definite lived intangible assets for impairment when events and circumstances indicate that the carrying amounts of those assets may not be recoverable.
Other Assets
Assets received in satisfaction of loans are initially recorded at fair value and then assessed at the lower of carrying value or estimated fair value less selling costs, with write-downs of the pre-existing receivable reflected in the provision for credit losses. Additional impairment charges, if any, would be recorded in Other Income.
Derivative Financial Instruments
The Company manages economic risk and exposure to interest rate and foreign currency risk through derivative transactions in over-the-counter markets with other financial institutions. The Company does not enter into derivative financial instruments for speculative purposes.
Derivatives utilized by the Company may include swaps, forward settlement contracts, and options contracts. A swap agreement is a contract between two parties to exchange cash flows based on specified underlying notional amounts, assets and/or indices. Forward settlement contracts are agreements to buy or sell a quantity of a financial instrument, index, currency or commodity at a predetermined future date, and rate or price. An option contract is an agreement that gives the buyer the right, but not the obligation, to buy or sell an underlying asset from or to another party at a predetermined price or rate over a specific period of time.
The Company documents at inception all relationships between hedging instruments and hedged items, as well as the risk management objectives and strategies for undertaking various hedges. Upon executing a derivative contract, the Company designates the derivative as either a qualifying hedge or non-qualifying hedge. The designation may change based upon management’s reassessment of circumstances.
The Company utilizes cross-currency swaps and foreign currency forward contracts to hedge net investments in foreign operations. These transactions are classified as foreign currency net investment hedges with resulting gains and losses reflected in AOCI. For hedges of foreign currency net investment positions, the “forward” method is applied whereby effectiveness is assessed and measured based on the amounts and currencies of the individual hedged net investments versus the notional amounts and underlying currencies of the derivative contract. For those hedging relationships where the critical terms of the underlying net investment  and the derivative are identical, and the credit-worthiness of the counterparty to the hedging instrument remains sound, there is an expectation of no hedge ineffectiveness so long as those conditions continue to be met.
The Company also enters into foreign currency forward contracts to manage the foreign currency risk associated with its non US subsidiary’s funding activities and designates these as foreign currency cash flow hedges for which certain components are reflected in AOCI and others recognized in noninterest income when the underlying transaction impacts earnings.
In addition, the company uses foreign currency forward contracts, interest rate swaps, cross currency interest rate swaps, and options to hedge interest rate and foreign currency risks arising from its asset and liability mix. These are treated as economic hedges.
Derivative instruments that qualify for hedge accounting are presented in the balance sheet at their fair values in other assets or other liabilities. Derivatives that do not qualify for hedge accounting are presented in the balance sheet as trading assets or liabilities, with their resulting gains or losses recognized in Other Income. Fair value is based on dealer quotes, pricing models, discounted cash flow methodologies, or similar techniques for which the determination of fair value may require significant management judgment or estimation. The fair value of the derivative is reported on a gross-by-counterparty basis. Valuations of derivative assets and liabilities reflect the value of the instrument including the Company’s and counterparty’s credit risk.
CIT is exposed to credit risk to the extent that the counterparty fails to perform under the terms of a derivative. The Company manages this credit risk by requiring that all derivative transactions be conducted with counterparties rated investment grade at the initial transaction by nationally recognized rating agencies, and by setting limits on the exposure with any individual counterparty. In addition, pursuant to the terms of the Credit Support Annexes between the Company and its counterparties, CIT may be required to post collateral or may be entitled to receive collateral in the form of cash or highly liquid securities depending on the valuation of the derivative instruments as measured on a daily basis.
Fair Value
CIT measures the fair value of its financial assets and liabilities in accordance with ASC 820 Fair Value Measurements, which defines fair value, establishes a consistent framework for measuring fair value and requires disclosures about fair value measurements.  The Company categorizes its financial instruments, based on the priority of inputs to the valuation techniques, according to the following three-tier fair value hierarchy:
	-	Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that are accessible at the measurement date. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as certain other securities that are highly liquid and are actively traded in over-the-counter markets;
	-	Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes derivative contracts and certain loans held-for-sale;
	-	Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using valuation models, discounted cash flow methodologies or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. This category generally includes highly structured or long-term derivative contracts and structured finance securities where independent pricing information cannot be obtained for a significant portion of the underlying assets or liabilities.
Income Taxes
Deferred tax assets and liabilities are recognized for the expected future taxation of events that have been reflected in the Consolidated Financial Statements. Deferred tax assets and liabilities are determined based on the differences between the book values and the tax basis of particular assets and liabilities, using tax rates in effect for the years in which the differences are expected to reverse. A valuation allowance is provided to reduce the reported amount of any net deferred tax assets of a reporting entity if, based upon the relevant facts and circumstances, it is more likely than not that some or all of the deferred tax assets will not be realized.
The Company is subject to the income tax laws of the United States, its states and municipalities and those of the foreign jurisdictions in which the Company operates. These tax laws are complex, and the manner in which they apply to the taxpayer’s facts is sometimes open to interpretation. Given these inherent complexities, the Company must make judgments in assessing the likelihood that a beneficial income tax position will be sustained upon examination by the taxing authorities based on the technical merits of the tax position. An income tax benefit is recognized only when, based on management’s judgment regarding the application of income tax laws, it is more likely than not that the tax position will be sustained upon examination. The amount of benefit recognized for financial reporting purposes is based on management’s best judgment of the most likely outcome resulting from examination given the facts, circumstances and information available at the reporting date. The Company adjusts the level of unrecognized tax benefits when there is new information available to assess the likelihood of the outcome. Liabilities for uncertain income tax positions are included in current taxes payable, which is reflected in accrued liabilities and payables. Accrued interest and penalties for unrecognized tax positions are recorded in income tax expense.
Other Comprehensive Income/Loss
Other Comprehensive Income/Loss includes unrealized gains and losses, unless other than temporarily impaired, on AFS investments, foreign currency translation adjustments for both net investment in foreign operations and related derivatives designated as hedges of such investments, changes in fair values of derivative instruments designated as hedges of future cash flows and certain pension and postretirement benefit obligations, all net of tax.
Foreign Currency Translation
In addition to U.S. operations, the Company has operations in Canada, Europe and other jurisdictions. 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 included in Other income.
Pension and Other Postretirement Benefits
CIT has both funded and unfunded noncontributory defined benefit pension and postretirement plans covering certain U.S. and non-U.S. employees, each of which is designed in accordance with the practices and regulations in the related countries. Recognition of the funded status of a benefit plan, which is measured as the difference between plan assets at fair value and the benefit obligation, is included in the balance sheet. The Company recognizes as a component of Other Comprehensive Income, net of tax, the net actuarial gains or losses and prior service cost or credit that arise during the period but are not recognized as components of net periodic benefit cost in the Statement of Operations.
Variable Interest Entities
A VIE is a corporation, partnership, limited liability company, or any other legal structure used to conduct activities or hold assets. These entities: lack sufficient equity investment at risk to permit the entity to finance its activities without additional subordinated financial support from other parties; have equity owners who either do not have voting rights or lack the ability to make significant decisions affecting the entity’s operations; and/or have equity owners that do not have an obligation to absorb the entity’s losses or the right to receive the entity’s returns.
The Company accounts for its VIEs in accordance with Accounting Standards Update (“ASU”) No. 2009-16, Transfers and Servicing (Topic 860) - Accounting for Transfers of Financial Assets and ASU No. 2009-17, Consolidations (Topic 810) - Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities. ASU 2009-17 amended the VIEs Subsections of ASC Subtopic 810-10 to require former qualified special purpose entities to be evaluated for consolidation and also changed the approach to determining a VIE’s primary beneficiary (“PB”) and required companies to more frequently reassess whether they must consolidate VIEs. Under the new guidance, the PB is the party that has both (1) the power to direct the activities of an entity that most significantly impact the VIE’s economic performance; and (2) through its interests in the VIE, the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.
To assess whether the Company has the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance, the Company considers all facts and circumstances, including its role in establishing the VIE and its ongoing rights and responsibilities. This assessment includes, first, identifying the activities that most significantly impact the VIE’s economic performance; and second, identifying which party, if any, has power over those activities. In general, the parties that make the most significant decisions affecting the VIE (such as asset managers, collateral managers, servicers, or owners of call options or liquidation rights over the VIE’s assets) or have the right to unilaterally remove those decision-makers are deemed to have the power to direct the activities of a VIE.
To assess whether the Company has the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE, the Company considers all of its economic interests, including debt and equity investments, servicing fees, and derivative or other arrangements deemed to be variable interests in the VIE. This assessment requires that the Company apply judgment in determining whether these interests, in the aggregate, are considered potentially significant to the VIE. Factors considered in assessing significance include: the design of the VIE, including its capitalization structure; subordination of interests; payment priority; relative share of interests held across various classes within the VIE’s capital structure; and the reasons why the interests are held by the Company.
The Company performs on-going reassessments of: (1) whether any entities previously evaluated under the majority voting-interest framework have become VIEs, based on certain events, and are therefore subject to the VIE consolidation framework; and (2) whether changes in the facts and circumstances regarding the Company’s involvement with a VIE cause the Company’s consolidation conclusion regarding the VIE to change.
When in the evaluation of  its interest in each VIE it is determined that the Company is considered the primary beneficiary, the VIE’s assets, liabilities and non-controlling interests are consolidated and included in the Consolidated Financial Statements. See Note 9 — Long Term Borrowings for further details.
Non-interest Income
Non-interest income is recognized in accordance with relevant authoritative pronouncements and includes rental income on operating leases and other income.  Other income includes (1) factoring commissions, (2)  gains and losses on sales of equipment (3) fee revenues, including fees on lines of credit, letters of credit, capital markets related fees, agent and advisory fees and servicing fees (4) gains and losses on loan and portfolio sales, (5) recoveries on loans charged-off pre-emergence and loans charged-off prior to transfer to AHFS, (6) gains and losses on investments,  (7) gains and losses on derivatives and foreign currency exchange, (8) counterparty receivable accretion, (9) impairment on assets held for sale, and (10) other revenues.
Other Expenses
Other expenses include (1) depreciation on operating lease equipment, (2) maintenance and other operating lease expenses, (3) operating expenses, which include compensation and benefits, technology costs, professional fees, occupancy expenses, provision for severance and facilities exiting activities, advertising and marketing, and other expenses and (4) losses on debt extinguishments.
Stock-Based Compensation
Compensation expense associated with equity-based awards is recognized over the vesting period (requisite service period), generally three years, under the “graded vesting” attribution method, whereby each vesting tranche of the award is amortized separately as if each were a separate award. The cost of awards granted to directors in lieu of cash is recognized using the single-grant approach with immediate vesting and expense recognition. Expenses related to stock-based compensation are included in Operating Expenses.
Earnings per Share (“EPS”)
Basic EPS is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted-average number of common shares outstanding increased by the weighted-average potential impact of dilutive securities.  The Company’s potential dilutive instruments include restricted unvested stock grants, performance stock grants and stock options. The dilutive effect is computed using the treasury stock method, which assumes the conversion of these instruments. However, in periods when there is a net loss, these shares would not be included in the EPS computation as the result would have an anti-dilutive effect.
Accounting for Costs Associated with Exit or Disposal Activities
A liability for costs associated with exit or disposal activities, other than in a business combination, is recognized when the liability is incurred. The liability is measured at fair value, with adjustments for changes in estimated cash flows recognized in earnings.
Consolidated Statements of Cash Flows
Unrestricted cash and cash equivalents includes cash and interest-bearing deposits, which are primarily overnight money market investments and short term investments in mutual funds. The Company maintains cash balances principally at financial institutions located in the U.S. and Canada. The balances are not insured in all cases.  Cash and cash equivalents also include amounts at CIT Bank, which are only available for the bank’s funding and investment requirements. Cash inflows and outflows from customer deposits are generally greater than 90 days and are presented on a net basis.  Most factoring receivables are presented on a net basis in the Statements of Cash Flows, as factoring receivables are generally less than 90 days.
Cash receipts and cash payments resulting from purchases and sales of loans, securities, and other financing and leasing assets are classified as operating cash flows in accordance with ASC 230-10-45-21 when these assets are originated/acquired and designated specifically for resale.
Activity for loans originated or acquired for investment purposes, including those subsequently transferred to AHFS, is classified in the investing section of the statement of cash flows in accordance with ASC 230-10-45-12 and 230-10-45-13. The vast majority of the Company’s loan originations are for investment purposes.  Cash receipts resulting from sales of loans, beneficial interests and other financing and leasing assets that were not specifically originated and/or acquired and designated for resale are classified as investing cash inflows regardless of subsequent classification.
Activity of the discontinued operation is included in various line items of the Statements of Cash Flows.
Fresh Start Accounting
The consolidated financial statements include the effects of adopting Fresh Start Accounting (“FSA”) upon the Company’s emergence from bankruptcy on December 10, 2009, based on a convenience date of December 31, 2009 (the “Convenience Date”), as required by U.S. GAAP.  Accretion and amortization of certain FSA adjustments are included in the consolidated Statements of Operations and Cash Flows.
Interest income includes a component of accretion of the fair value discount on loans and lease receivables recorded in connection with FSA. For finance receivables that were not considered impaired at the FSA date and for which cash flows were evaluated based on contractual terms, the discount is accreted using the effective interest method as a yield adjustment over the remaining term of the loan and recorded in Interest Income. If the finance receivable is prepaid, the remaining accretable balance is recognized in Interest Income. If the finance receivable is sold, the remaining discount is considered in the determination of the resulting gain or loss. If the finance receivable is subsequently classified as non-accrual, accretion of the discount ceases.
For finance receivables that were considered impaired at the FSA date and for which the cash flows were evaluated based on expected cash flows that were less than contractual cash flows, there is an accretable and a non-accretable discount. The accretable discount is accreted using the effective interest method as a yield adjustment over the remaining term of the loan and recorded in Interest Income. The non-accretable discount reflects the present value of the difference between the excess of cash flows contractually required to be paid and expected cash flows (i.e. credit component). The non-accretable discount is recorded as a reduction to finance receivables and serves to reduce future charge-offs or is reclassified to accretable discount should expected cash flows improve. The accretable discount on finance receivables that are on non-accrual does not accrete until the account returns to performing status.    Operating lease equipment purchased prior to emergence from bankruptcy in 2009 was recorded at estimated fair value at emergence and is carried at that new basis less accumulated depreciation.
Revisions
In preparing the interim financial statements for September 30, 2013, the Company discovered and corrected in its third quarter report on Form 10-Q an immaterial error impacting the classification of cash and due from banks and interest bearing deposits in the amount of $430 million as of December 31, 2012. Subsequently, 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 amounts of $300 million as of December 31, 2013 and revised its previous adjustment for December 31, 2012.  The reclassification errors had no impact on the Company’s statements of operations or cash flows for any periods.
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
Foreign Currency Matters
In March 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-05, Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity, which provides that a cumulative translation adjustment (“CTA”) is attached to the parent’s investment in a foreign entity and should be released in a manner consistent with the derecognition guidance on investments in entities. Thus, the entire amount of the CTA associated with the foreign entity would be released when there has been a:
	·	Sale of a subsidiary or group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in the foreign entity.
	·	Loss of a controlling financial interest in an investment in a foreign entity (i.e., the foreign entity is deconsolidated).
	·	Step acquisition for a foreign entity (i.e., when an entity has changed from applying the equity method for an investment in a foreign entity to consolidating the foreign entity).
The ASU does not change the requirement to release a pro rata portion of the CTA of the foreign entity into earnings for a partial sale of an equity method investment in a foreign entity.
The guidance is effective for fiscal years (and interim periods within those fiscal years) beginning on or after December 15, 2013, with early adoption permitted. The ASU should be applied prospectively from the beginning of the fiscal year of adoption. The adoption of this guidance will not have a significant impact on CIT’s financial statements or disclosures.
Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists
In July 2013, the FASB issued ASU No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force). This pronouncement amends guidance on exceptions as to when an unrecognized tax benefit should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward.
To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any income taxes that would result from the disallowance of a tax position, or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date.
The amended guidance is effective for fiscal years (and interim periods within those fiscal years) beginning on or after December 15, 2013, with early adoption permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The adoption of this guidance will not have a significant impact on CIT’s financial statements or disclosures.

Discontinued_Operation

Discontinued Operation	12 Months Ended
	Dec. 31, 2013
Discontinued Operation [Abstract]	'
Discontinued Operation	'
	NOTE 2 – Discontinued Operation
	During the fourth quarter of 2013, management determined that it no longer had the intent to hold a liquidating portfolio of government-guaranteed student loans associated with its student lending business until maturity and that it would seek to sell its student lending business, along with certain secured debt and servicing rights and student loans with a carrying amount of $3.4 billion were transferred to assets held for sale as of December 31, 2013. As a result, the student lending business is reported as a discontinued operation for all periods presented.
	When the portfolio was transferred, the remaining FSA discount associated with the loan receivable balance ($184 million) became a component of the $3.4 billion carrying amount, thus there will be no further FSA accretion to interest income. The loans collateralized $3.3 billion of secured debt at December 31, 2013, which is net of $231 million FSA adjustment. The FSA adjustment on this secured debt will continue to accrete to interest expense until the debt is extinguished. The transfer of the loans receivable to assets held for sale did not result in any impairment. Based on market conditions subsequent to year-end, we currently believe that we will realize a net gain on the sale of the student loans. The net gain to be recognized on the sale of the student loans will consist primarily of (1) the gain on the sale of the loans (which are carried net of a discount of $184 million) and any proceeds received for the sale of the servicing of those loans and (2) the expense to be recognized based on the acceleration of the debt FSA ($231 million) upon the extinguishment of the related debt.
	The operating results and the assets and liabilities of the discontinued operation, which was formerly included in the Non-Strategic Portfolios segment, are presented separately in the Company’s Consolidated Financial Statements. Summarized financial information for the discontinued business is shown below. Prior period balances have been adjusted to present the operations of the student lending business as a discontinued operation.
	In connection with the classification of the student lending business as a discontinued operation, certain indirect operating expenses that previously had been allocated to the business, have instead been allocated to Corporate and Other as part of continuing operations and are not included in the summary of discontinued operation presented in the table below. The total incremental pretax amounts of indirect overhead expense that were previously allocated to the student lending business and remain in continuing operations were approximately $8.8 million, $15.3 million and $29.4 million for the years ended December 31, 2013, 2012 and 2011, respectively.
	Salaries and general operating expenses included in discontinued operation consist of direct expenses of the student lending business that are separate from ongoing CIT operations and will not continue post disposal.
	Assets and Liabilities of Discontinued Operation (dollars in millions)
		31-Dec-13	31-Dec-12
	Assets:
	Assets held for sale	$                        3,374.5	$                               1.5
	Cash	94.5	111.7
	Loans	-	3,694.5
	Other assets	352.4	394.9
	Total assets	$                        3,821.4	$                        4,202.6
	Liabilities:
	Long-term borrowings (secured)	$                        3,265.6	$                        3,630.9
	Other liabilities	12.0	17.9
	Total Liabilities	$                        3,277.6	$                        3,648.8
	Operating Results of Discontinued Operation (dollars in millions)
		Years Ended December 31,
		2013	2012	2011
	Interest income	$                          130.7	$                          178.3	$                          260.0
	Interest expense	-77.2	-231.8	-290.2
	Other income	0.9	38.3	-1.4
	Operating expenses	-14.5	-24.2	-35.9
	Income (loss) from discontinued operation before provision for income taxes	39.9	-39.4	-67.5
	Provision for income taxes	-8.6	-17.1	-1.6
	Income (loss) from discontinued operation, net of taxes	$                            31.3	$                          (56.5)	$                          (69.1)
	The individual assets and liabilities of the discontinued Student Lending operation are combined in the captions “Assets of discontinued operation” and “Liabilities of discontinued operation” in the consolidated Balance Sheet.

Loans

Loans	12 Months Ended
	Dec. 31, 2013
Loans [Abstract]	'
Loans	'
	NOTE 3 — LOANS
	Finance receivables consist of the following:
	Finance Receivables by Product (dollars in millions)
		December 31,		December 31,
		2013		2012
	Loans(1)	$               13,814.3		$            12,387.8
	Direct financing leases and leveraged leases(1)	4,814.9		4,765.3
	Finance receivables	18,629.2		17,153.1
	Finance receivables held for sale	794.3		301.3
	Finance receivables and held for sale receivables (2)	$               19,423.5		$            17,454.4
		-1		In 2013, the Company discovered and corrected an immaterial error related to the classification of loans and leases at December 31, 2012. The 2012 amount has been conformed to the current year presentation.
		-2		Assets held for sale in 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.
	The following table presents finance receivables by segment, based on obligor location:
	Finance Receivables (dollars in millions)
		31-Dec-13				31-Dec-12
		Domestic	Foreign	Total		Domestic	Foreign	Total
	Transportation & International Finance	$                  666.6	$             2,827.8	$               3,494.4		$                794.5	$            1,762.0	$             2,556.5
	North American Commercial Finance	13,196.7	1,496.4	14,693.1		11,549.4	1,535.0	13,084.4
	Non-Strategic Portfolios	117.9	323.8	441.7		674.9	837.3	1,512.2
	Total	$             13,981.2	$             4,648.0	$             18,629.2		$           13,018.8	$            4,134.3	$           17,153.1
	The following table presents selected components of the net investment in finance receivables.
	Components of Net Investment in Finance Receivables (dollars in millions)
		December 31,		December 31,
		2013		2012
	Unearned income	$                  (942.0)		$              (989.0)
	Equipment residual values	669.2		694.5
	Unamortized (discounts)	-47.9		-40.5
	Net unamortized deferred costs and (fees)	49.7		51.4
	Leveraged lease third party non-recourse debt payable	-203.8		-227.9
	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. 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-Dec-13
	Pass	$             1,627.4	$              1,530.3	$           5,783.1	$                3,355.2	$          1,554.8	$             1,804.6	$                 15,655.4	$                  685.5	$           16,340.9
	Special mention	28.6	145.8	769.5	363.5	-	314.7	1,622.1	350.1	1,972.2
	Classified - accruing	97.2	36.2	233.6	266.0	-	138.9	771.9	97.8	869.7
	Classified - non-accrual	14.3	21.0	83.8	59.4	-	4.2	182.7	58.0	240.7
	Total	$             1,767.5	$              1,733.3	$           6,870.0	$                4,044.1	$          1,554.8	$             2,262.4	$                 18,232.1	$               1,191.4	$           19,423.5
	31-Dec-12
	Pass	$             1,110.6	$              1,159.0	$           5,331.2	$                2,969.7	$             616.1	$             1,913.2	$                 13,099.8	$               1,093.4	$           14,193.2
	Special mention	94.3	39.0	702.7	375.9	-	266.9	1,478.8	453.8	1,932.6
	Classified - accruing	98.2	16.4	344.8	269.0	-	119.2	847.6	150.9	998.5
	Classified - non-accrual	31.5	7.5	156.5	55.3	-	6.0	256.8	73.3	330.1
	Total	$             1,334.6	$              1,221.9	$           6,535.2	$                3,669.9	$             616.1	$             2,305.3	$                 15,683.0	$               1,771.4	$           17,454.4
	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)
			30–59 Days	60–89 Days	90 Days or	Total Past		Total Finance
			Past Due	Past Due	Greater	Due	Current	Receivables
	31-Dec-13
	Transportation Finance		$               18.3	$              0.9	$                  0.5	$           19.7	$         1,747.8	$              1,767.5
	International Finance		30.6	11.6	12.6	54.8	1,678.5	1,733.3
	Corporate Finance		-	-	17.8	17.8	6,852.2	6,870.0
	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		29.7	7.9	16.2	53.8	1,137.6	1,191.4
Total		$             243.1	$            52.8	$                66.7	$         362.6	$       19,060.9	$            19,423.5
31-Dec-12
Transportation Finance		$                 4.0	$              0.8	$                  0.7	$             5.5	$         1,329.1	$              1,334.6
International Finance		14.0	4.5	4.4	22.9	1,199.0	1,221.9
Corporate Finance		-	0.3	3.5	3.8	6,531.4	6,535.2
Equipment Finance		61.9	19.5	13.3	94.7	3,575.2	3,669.9
Real Estate Finance		-	-	-	-	616.1	616.1
Commercial Services		79.3	3.4	5.6	88.3	2,217.0	2,305.3
Sub-total		159.2	28.5	27.5	215.2	15,467.8	15,683.0
Non-Strategic Portfolios		53.5	9.3	15.9	78.7	1,692.7	1,771.4
Total		$             212.7	$            37.8	$                43.4	$         293.9	$       17,160.5	$            17,454.4
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-Dec-13				31-Dec-12
		Held for Investment	Held for Sale	Total		Held for Investment	Held for Sale	Total
Transportation Finance		$               14.3	$                 -	$                 14.3		$             31.5	$                        -	$               31.5
International Finance		21.0	-	21.0		7.5	-	7.5
Corporate Finance		83.5	0.3	83.8		156.2	0.3	156.5
Equipment Finance		59.4	-	59.4		55.3	-	55.3
Commercial Services		4.2	-	4.2		6.0	-	6.0
Sub-total		182.4	0.3	182.7		256.5	0.3	256.8
Non-Strategic Portfolios		17.6	40.4	58.0		68.6	4.7	73.3
Total		$             200.0	$           40.7	$               240.7		$           325.1	$                    5.0	$             330.1
Repossessed assets				7.0				9.9
Total non-performing assets				$               247.7				$             340.0
Total Accruing loans past due 90 days or more				$                   9.9				$                 3.4
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 at or for the year ended December 31, 2013 (dollars in millions)
				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
Real Estate Finance			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	77.9
Total			$         291.3	$              370.1	$          31.4	$           378.5
Impaired Loans at or for the year ended December 31, 2012 (dollars in millions)
				Unpaid		Average
			Recorded	Principal	Related	Recorded
			Investment	Balance	Allowance	Investment
With no related allowance recorded:
Transportation Finance			$              2.3	$                  2.9	$                -	$               4.5
International Finance			3.1	8.2	-	4.1
Corporate Finance			188.9	242.7	-	197.0
Equipment Finance			8.2	32.8	-	12.0
Commercial Services			10.1	13.3	-	29.7
Non-Strategic Portfolios			40.9	59.2	-	40.3
With an allowance recorded:
Transportation Finance			29.1	29.3	8.9	17.9
International Finance			-	-	-	1.3
Corporate Finance			102.4	106.7	32.3	122.1
Equipment Finance			-	-	-	4.3
Commercial Services			6.0	6.0	1.3	12.2
Non-Strategic Portfolios			2.4	2.7	1.0	12.7
Total Impaired Loans (1)			393.4	503.8	43.5	458.1
Total Loans Impaired at Convenience Date(2)			106.7	260.8	1.5	146.4
Total			$          500.1	$              764.6	$          45.0	$           604.5
(1)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 cash-basis method of accounting.  Interest income recorded for the year ended December 31, 2012 while the loans were impaired was $21.3 million of which $4.3 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, or the present value of expected future cash flows discounted at the contract’s effective interest rate. 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:
	o		appraisal does not reflect current market conditions; or
	o		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 presented separately 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.
Loans Acquired with Deteriorated Credit Quality  (dollars in millions)
	December 31, 2013 (1)				December 31, 2012 (1)
	Carrying Amount	Outstanding Balance (2)	Allowance for Loan Losses		Carrying Amount	Outstanding Balance (2)	Allowance for Loan Losses
Commercial	$                         54.1	$                     95.8	$                         1.0		$                      106.7	$                    260.8	$                    1.5
Total loans	$                         54.1	$                     95.8	$                         1.0		$                      106.7	$                    260.8	$                    1.5
(1)The table excludes amounts in Assets Held for Sale with a carrying amount of $12 million and $1 million at December 31, 2013 and December 31, 2012, respectively, and outstanding balances of $26 million and $3 million, respectively.
(2)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.
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 December 31, 2013 and December 31, 2012 was $220.9 million and $289.1 million, of which 33% and 29%, respectively, were on non-accrual. Corporate Finance receivables accounted for 74% of the total TDRs at December 31, 2013 and 77%  at December 31, 2012.  At December 31, 2013 and 2012, there were $7.1 million and $6.3 million, respectively, of commitments to lend additional funds to borrowers whose loan terms have been modified in TDRs.
The tables that follow present additional information related to modifications qualifying as TDRs that occurred during the years ended December 31, 2013 and 2012.
Recorded investment of TDRs that occurred during the year ended December 31, 2013 and 2012 (dollars in millions)
		Years Ended December 31,
		2013		2012
International Finance		$                            -		$             0.2
Corporate Finance		12.2		31.4
Equipment Finance		0.8		2.9
NSP		11.6		15.4
Total		$                      24.6		$           49.9
Recorded investment of TDRs that experience a payment default(1) at the time of default, in the period presented, and for which the payment default occurred within one year of the modification (dollars in millions)
		Years Ended December 31,
		2013		2012
Corporate Finance		$                        0.5		$                -
Equipment Finance		0.3		0.5
NSP		4.9		3.9
Total		$                        5.7		$            4.4
-1		Payment default in the table above is one missed payment.
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 current year 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 December 31,  2013 and December 31, 2012, was comprised of payment deferral for 88% and 86%, covenant relief and/or other for 11% and 8%, and interest rate reductions and debt forgiveness for 1% and 6%, 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 years ended December 31, 2013 and 2012 were 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 2013 and 2012 totaled $12.2 million and $1.4 million, respectively, 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	12 Months Ended
	Dec. 31, 2013
Allowance For Loan Losses [Abstract]	'
Allowance For Loan Losses	'
	NOTE 4 — ALLOWANCE FOR LOAN LOSSES
	Allowance for Loan Losses and Recorded Investment in Finance Receivables
	As of and for the Years Ended December 31 (dollars in millions)
		2013
		Transportation & International Finance	North American Commercial Finance	Non-Strategic Portfolios	Corporate and Other	Total
	Beginning balance	$                             44.3	$                           293.7	$                             41.3	$                                  -	$                               379.3
	Provision for credit losses	18.7	35.5	10.8	-0.1	64.9
	Other(1)	0.6	-6.9	-1.2	0.1	-7.4
	Gross charge-offs (2)	-26	-58.3	-54.3	-	-138.6
	Recoveries	9.1	39.8	9.0	-	57.9
	Allowance balance - end of period	$                             46.7	$                           303.8	$                               5.6	$                                  -	$                               356.1
	Allowance balance:
	Loans individually evaluated for impairment	$                               0.6	$                             29.8	$                                  -	$                                  -	$                                 30.4
	Loans collectively evaluated for impairment	46.1	273.0	5.6	-	324.7
	Loans acquired with deteriorated credit quality (3)	-	1.0	0.0	-	1.0
	Allowance balance - end of period	$                             46.7	$                           303.8	$                               5.6	$                                  -	$                               356.1
	Other reserves (1)	$                               0.2	$                             27.6	$                                  -	$                                  -	$                                 27.8
	Finance receivables:
	Loans individually evaluated for impairment	$                             21.2	$                           205.8	$                             10.2	$                                  -	$                               237.2
	Loans collectively evaluated for impairment	3,473.1	14,435.1	429.7	-	18,337.9
	Loans acquired with deteriorated credit quality (3)	0.1	52.2	1.8	-	54.1
	Ending balance	$                        3,494.4	$                      14,693.1	$                           441.7	$                                  -	$                          18,629.2
	Percent of loans to total loans	18.7%	78.9%	2.4%	-	100.0%
		2012
	Beginning balance	$                             36.3	$                           309.8	$                             61.7	$                                  -	$                               407.8
	Provision for credit losses	14.5	44.0	-7.3	0.2	51.4
	Other(1)	0.5	-7.6	1.5	-0.2	-5.8
	Gross charge-offs (2)	-15.7	-98.9	-27.1	-	-141.7
	Recoveries	8.7	46.4	12.5	-	67.6
	Allowance balance - end of period	$                             44.3	$                           293.7	$                             41.3	$                                  -	$                               379.3
	Allowance balance:
	Loans individually evaluated for impairment	$                               8.9	$                             33.6	$                               1.0	$                                  -	$                                 43.5
	Loans collectively evaluated for impairment	35.4	259.3	39.6	-	334.3
	Loans acquired with deteriorated credit quality (3)	-	0.8	0.7	-	1.5
	Allowance balance - end of period	$                             44.3	$                           293.7	$                             41.3	$                                  -	$                               379.3
	Other reserves (1)	$                                  -	$                             23.0	$                               0.1	$                               0.1	$                                 23.2
	Finance receivables:
	Loans individually evaluated for impairment	$                             34.5	$                           315.6	$                             43.3	$                                  -	$                               393.4
	Loans collectively evaluated for impairment	2,521.6	12,684.5	1,446.9	-	16,653.0
	Loans acquired with deteriorated credit quality (3)	0.4	84.3	22.0	-	106.7
	Ending balance	$                        2,556.5	$                      13,084.4	$                        1,512.2	$                                  -	$                          17,153.1
	Percent of loans to total loans	14.9%	76.3%	8.8%	-	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 included $18 million and $38 million charged directly to the Allowance for loan losses for the years ended December 31, 2013 and 2012, respectively.   In 2013, $16 million related to NACF and $2 million related to NSP.  In 2012, $24 million related to NACF,  $8 million to TIF and $6  million to NSP.
	(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).

Operating_Lease_Equipment

Operating Lease Equipment	12 Months Ended
	Dec. 31, 2013
Operating Lease Equipment [Abstract]	'
Operating Lease Equipment	'
	NOTE 5 — OPERATING LEASE EQUIPMENT
	The following table provides the net book value (net of accumulated depreciation of $1.5 billion at December 31, 2013 and $1.2 billion at December 31, 2012) of operating lease equipment, by equipment type.
	Operating Lease Equipment (dollars in millions)
		31-Dec-13	31-Dec-12
	Commercial aircraft (including regional aircraft)	$                           8,229.1	$                           8,061.4
	Railcars and locomotives	4,500.1	4,053.1
	Other equipment	306.2	297.2
	Total(1)	$                        13,035.4	$                        12,411.7
	(1)	Includes equipment off-lease of $144.7 million and $202.5 million at December 31, 2013 and 2012, respectively, primarily consisting of rail and aerospace assets.
	The following table presents future minimum lease rentals due on non-cancelable operating leases at December 31, 2013. Excluded from this table are variable rentals calculated on asset usage levels, re-leasing rentals, and expected sales proceeds from remarketing equipment at lease expiration, all of which are components of operating lease profitability.
	Minimum Lease Rentals Due (dollars in millions)
	Years Ended December 31,
	2014	$                           1,607.6
	2015	1,382.0
	2016	1,142.9
	2017	881.1
	2018	650.7
	Thereafter	1,516.7
	Total	$                           7,181.0

Investment_Securities

Investment Securities	12 Months Ended
	Dec. 31, 2013
Investment Securities [Abstract]	'
Investment Securities	'
	NOTE 6 — INVESTMENT SECURITIES
	Investments include debt and equity securities.  The Company’s debt securities primarily include U.S. Treasury securities, U.S. Government Agency securities, and 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)
		December 31,	December 31,
		2013	2012
	Debt securities available-for-sale	$                            1,487.8	$                          767.6
	Equity securities available-for-sale	13.7	14.3
	Debt securities held-to-maturity (1)	1,042.3	188.4
	Non-marketable equity investments(2)	86.9	95.2
	Total investment securities	$                            2,630.7	$                       1,065.5
	(1)Recorded at amortized cost less impairment on securities that have credit-related impairment.
	(2) Non-marketable equity investments include $23.6 million and $27.6 million in limited partnerships at December 31, 2013 and 2012, 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 $8.9 million, $40.4 million and $53.9 million for the years ended December 31, 2013, 2012 and 2011, respectively, and exclude losses from OTTI.  OTTI credit-related impairments on equity securities recognized in earnings were $0.7 million, $0.2 million and  $8.2 million for the years ended December 31, 2013, 2012 and 2011, respectively.  Impairment amounts in accumulated other comprehensive income (“AOCI”) were not material at December 31, 2013 or December 31, 2012.
	In addition, the Company maintained $5.4 billion and $6.4 billion of interest bearing deposits at December 31, 2013 and 2012, respectively, which 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)
		Year Ended December 31,
		2013	2012	2011
	Interest income -  interest bearing deposits	$                                16.6	$                            21.7	$                               24.1
	Interest income -  investments	8.9	7.8	9.3
	Dividends - investments	3.4	2.7	1.3
	Total interest and dividends	$                                28.9	$                            32.2	$                               34.7
	Securities Available-for-Sale
	The following table presents amortized cost and fair value of securities AFS at December 31, 2013 and 2012.
	Securities AFS - Amortized Cost and Fair Value (dollars in millions)
			Gross	Gross
		Amortized	Unrealized	Unrealized	Fair
	31-Dec-13	Cost	Gains	Losses	Value
	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
	31-Dec-12
	Debt securities AFS
	U.S. Treasury Securities	$                               750.3	$                                 -	$                                    -	$                      750.3
	Brazilian Government Treasuries	17.3	-	-	17.3
	Total debt securities AFS	767.6	-	-	767.6
	Equity securities AFS	13.1	1.2	-	14.3
	Total securities AFS	$                               780.7	$                             1.2	$                                    -	$                      781.9
	Debt Securities Held-to-Maturity
	The carrying value and fair value of securities HTM at December 31, 2013 and December 31, 2012 were as follows:
	Debt Securities HTM - Carrying Value and Fair Value (dollars in millions)
			Gross	Gross
		Carrying	Unrecognized	Unrecognized	Fair
		Value	Gains	Losses	Value
	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
	31-Dec-12
	Mortgage-backed securities
	U.S. government-sponsored agency guaranteed	$                                 96.5	$                              3.1	$                               (0.3)	$                        99.3
	State and municipal	13.1	-	-	13.1
Foreign government	28.4	-	-	28.4
Corporate - Foreign	50.4	8.2	-	58.6
Total debt securities held-to-maturity	$                               188.4	$                            11.3	$                               (0.3)	$                      199.4
The following table presents the amortized cost and fair value of debt securities HTM by contractual maturity dates:
Securities Held To Maturity - Amortized Cost and Fair Value Maturities (dollars in millions)
	31-Dec-13		31-Dec-12
	Carrying	Fair	Carrying	Fair
	Cost	Value	Cost	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
Total - Due after 10 years (1)	96.3	92.2	96.5	99.3
State and municipal
Due within 1 year	0.7	0.7	-	-
Due after 1 but within 5 years	4.4	4.4	4.9	4.9
Due after 5 but within 10 years	0.7	0.7	1.4	1.4
Due after 10 years (1)	51.6	45.1	6.8	6.8
Total	57.4	50.9	13.1	13.1
Foreign government
Due within 1 year	29.8	29.8	25.5	25.4
Due after 1 but within 5 years	8.5	8.5	2.9	3.0
Total	38.3	38.3	28.4	28.4
Corporate - Foreign
Due within 1 year	0.8	0.8	-	-
Due after 1 but within 5 years	48.6	56.1	-	-
Due after 5 but within 10 years	65.4	66.9	50.4	58.6
Total	114.8	123.8	50.4	58.6
Total debt securities held-to-maturity	$                            1,042.3	$                       1,040.8	$                            188.4	$                    199.4
(1)Investments with no stated maturities are included as contractual maturities of greater than 10 years. Actual maturities may differ due to call or prepayment rights.

Other_Assets

Other Assets	12 Months Ended
	Dec. 31, 2013
Other Assets [Abstract]	'
Other Assets	'
	NOTE 7 — OTHER ASSETS
	The following table presents the components of other assets.
	Other Assets (dollars in millions)
		31-Dec-13	31-Dec-12
	Deposits on commercial aerospace equipment	$                                 831.3	$                               615.3
	Deferred debt costs and other deferred charges	158.5	169.8
	Tax receivables, other than income taxes	132.2	81.7
	Executive retirement plan and deferred compensation	101.3	109.7
	Accrued interest and dividends	33.0	27.5
	Furniture and fixtures	85.3	75.4
	Prepaid expenses	64.3	73.8
	Other counterparty receivables	45.9	115.7
	Other (1)	184.6	220.0
	Total other assets	$                              1,636.4	$                            1,488.9
	(1) Other includes investments in and receivables from non-consolidated entities, deferred federal and state tax assets, servicing assets, and other miscellaneous assets.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2013
Deposits [Abstract]	'
Deposits	'
	NOTE 8 — DEPOSITS
	The following table presents deposits detail, maturities and weighted average interest rates.
	Deposits (dollars in millions)
		31-Dec-13	31-Dec-12
	Deposits Outstanding	$                          12,526.5	$                           9,684.5
	Weighted average contractual interest rate	1.65%	1.75%
	Weighted average remaining number of days to maturity (1)	1,014 days	725 days
	Contractual Maturities and Rates
	Due in 2014 - (1.41%)(2)	$                            5,587.8
	Due in 2015 - (1.53%)	2,190.0
	Due in 2016- (2.14%)	766.3
	Due in 2017 - (1.38%)	1,947.3
	Due in 2018 - (1.84%)	793.4
	Due after 2018 - (2.92%)	1,242.5
	Deposits outstanding, excluding fresh start adjustments	$                          12,527.3
		-1	Excludes deposit accounts with no stated maturity.
		-2	Includes deposit accounts with no stated maturity.
		Years Ended December 31,
		2013	2012
	Daily average deposits	$                          11,254.3	$                           7,699.6
	Maximum amount outstanding	$                          12,605.3	$                           9,690.7
	Weighted average contractual interest rate for the year	1.56%	1.98%
	The following table presents the maturity profile of deposits with a denomination of $100,000 or more.
	Certificates of Deposits $100,000 or More (dollars in  millions)
		At December 31,
		2013	2012
	U.S. Bank
	Three months or less	$                               317.7	$                              241.6
	After three months through six months	258.1	234.6
	After six months through twelve months	601.7	619.8
	After twelve months	1,501.9	1,119.3
	Total U.S. Bank	$                            2,679.4	$                           2,215.3
	Foreign Bank	$                                 88.3	$                                98.6
	Deposits were adjusted to estimated fair value at December 31, 2009 in FSA, and the net fair value premium will be recognized as a yield adjustment over the deposit lives. During 2013 and 2012, $4.3 million and $3.5 million, respectively of the fair value premium was recognized as a reduction to Interest Expense.

LongTerm_Borrowings

Long-Term Borrowings	12 Months Ended
	Dec. 31, 2013
Long-Term Borrowings [Abstract]	'
Long-Term Borrowings	'
	NOTE 9 — LONG-TERM BORROWINGS
	The following table presents outstanding long-term borrowings, net of FSA.
	(dollars in millions)		31-Dec-13					31-Dec-12
			CIT Group Inc.		Subsidiaries		Total	Total
	Senior unsecured (1)		$                     12,531.6		$                                 -		$               12,531.6	$                     11,824.0
	Secured borrowings		-		5,952.9		5,952.9	6,506.9
	Total Long-term Borrowings		$                     12,531.6		$                     5,952.9		$               18,484.5	$                     18,330.9
		-1		Senior Unsecured Notes were comprised of $5,250 million of Series C Notes, $7,243 million of Unsecured Notes and $38.6 million of other unsecured debt.
	Upon emergence from bankruptcy in December 2009, all components of long-term borrowings were fair valued in FSA.  The fair value adjustment is amortized as a cost adjustment over the remaining term of the respective debt and is reflected in Interest Expense. The following table summarizes contractual maturities of total long-term borrowings outstanding excluding issue discounts and FSA adjustments as of December 31, 2013:
	Contractual Maturities - Long-term Borrowings (dollars in millions)
													Contractual
			2014			2015		2016		2017	2018	Thereafter	Maturities
	Senior unsecured		$                      1,300.0			$                       1,500.0		$                          -		$                      3,000.0	$            2,200.0	$            4,551.4	$                   12,551.4
	Secured borrowings		1,210.5			1,439.1		866.8		565.3	448.4	1,463.0	5,993.1
			$                      2,510.5			$                       2,939.1		$                  866.8		$                      3,565.3	$            2,648.4	$            6,014.4	$                   18,544.5
	Unsecured
	Revolving Credit Facility
	The following information was in effect prior to the 2014 Revolving Credit Facility amendment.  See Note 29 – Subsequent Events for changes to this facility.
	There were no outstanding borrowings under the Revolving Credit Facility at December 31, 2013 and 2012 and the amount available to draw upon at each period was approximately $1.9 billion, with the remaining amount of approximately $0.1 billion utilized for issuance of letters of credit.
	The total commitment amount under the Revolving Credit Facility was  $2 billion and consisted of a $1.65 billion revolving loan tranche and a $350 million revolving loan tranche that can also be utilized for issuance of letters of credit. The Revolving Credit Facility accrued interest at a per annum rate of LIBOR plus a margin of 2.00% to 2.75% (with no floor) or Base Rate plus a margin of 1.00% to 1.75% (with no floor). The applicable margin was determined by reference to the current long-term senior unsecured, non-credit enhanced debt rating of the Company by S&P and Moody’s.  The applicable margin for LIBOR loans was 2.50% and the applicable margin for Base Rate loans was 1.50% at December 31, 2013.
	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 facility was guaranteed by eight of the Company’s domestic operating subsidiaries and subject to an asset coverage covenant (based on the book value of eligible assets of the Continuing Guarantors) of 2.0x the sum of: (i) the committed facility size and (ii) all outstanding indebtedness (including, without duplication, guarantees of such indebtedness) for borrowed money (excluding subordinated intercompany indebtedness) of the Continuing Guarantors, tested monthly and upon certain dispositions or encumbrances of eligible assets of the Continuing Guarantors.
	The Revolving Credit Facility was 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)
	Se
	Maturity Date		Rate (%)		Date of Issuance		Par Value
	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
	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		4.91%				$                 7,250.0
	Series C Unsecured Notes (dollars in millions)
	Maturity Date		Rate (%)		Date of Issuance		Par Value
	Apr-14		5.250%		Mar-11		$                 1,300.0
	Feb-15		4.750%		Feb-12		1,500.0
	Apr-18		6.625%		Mar-11		700.0
	Feb-19		5.500%		Feb-12		1,750.0
	Weighted average and total		5.37%				$                 5,250.0
	See Note 29 – Subsequent Events related to an issuance on February 19, 2014 of $1 billion of senior 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 $38.6 million includes senior unsecured notes issued prior to CIT’s reorganization.
	Secured
	Secured Borrowings
	At December 31, 2013, the secured borrowings had a weighted average interest rate of 3.12%, which ranged from 0.25% to 8.60% with maturities ranging from 2014 through 2037. Set forth below are borrowings and pledged assets primarily owned by consolidated variable interest entities. Creditors of these entities received ownership and/or security interests in the assets. These entities are intended to be bankruptcy remote so that such assets are not available to creditors of CIT or any affiliates of CIT until and unless the related secured borrowings have been fully discharged. These transactions do not meet accounting requirements for sales treatment and are recorded as secured borrowings.
	Secured Borrowings and Pledged Assets Summary (dollars in millions)
			31-Dec-13				31-Dec-12
			Secured Borrowing		Pledged Assets		Secured Borrowing	Pledged Assets
	Rail(1)		$                         931.0		$                       1,163.1		$                    976.8	$                      1,185.1
	Aerospace(1)		2,366.1		4,126.7		2,560.3	4,049.1
	International Finance		583.5		748.1		1,078.8	1,233.3
	Subtotal - Transportation & International Finance		3,880.6		6,037.9		4,615.9	6,467.5
	Corporate Finance		320.2		447.4		706.6	838.2
	Commercial Services		334.7		1,453.2		350.8	1,523.6
	Equipment Finance		1,227.3		1,499.7		574.6	765.4
	Subtotal - North American Commercial Finance		1,882.2		3,400.3		1,632.0	3,127.2
	Small Business Loan - Non-Strategic Portfolios		190.1		220.1		259.0	385.3
	Total		$                      5,952.9		$                       9,658.3	-2	$                 6,506.9	$                      9,980.0	-3
	(1)At December 31, 2013, GSI TRS related borrowings and pledged assets, respectively, of $998.4 million and $1.99 billion were included in Transportation & International Finance, and $25.8 million and $119.4 million in North American Commercial Finance.  The GSI TRS is described in Note 10 – Derivative Financial Instruments.
(2)Includes operating lease equipment of $4.7 billion, loans of $3.8 billion, cash of $0.9 billion, assets held for sale of $0.1 billion and investment securities of $0.1  billion.
(3) Includes operating lease equipment, net of $4.7 billion, loans of $4.2 billion, cash of $1.0 billion and investment securities of $0.1 billion.
Series A 7% Notes and Series C 7% Notes
During 2012, CIT redeemed the remaining $6.5 billion of Series A 7% Notes and redeemed or repurchased the $8.76 billion of Series C  7% Notes. These actions resulted in the acceleration of $1.3 billion of FSA discount accretion that was recorded as additional interest expense and also resulted in a loss on debt extinguishments of $61 million.
Variable Interest Entities (“VIEs”)
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. 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.
Investors 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 secured financings, the Company records an allowance for loan losses for the credit risks associated with the underlying leases and loans. As these are secured borrowings, CIT 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 VIE’s 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	12 Months Ended
	Dec. 31, 2013
Derivative Financial Instruments [Abstract]	'
Derivative Financial Instruments	'
	NOTE 10 — 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 obligations, which became effective April 10, 2013, apply to a limited number of derivative transactions executed with its lending customers in order to mitigate their interest rate risk.
	See Note 1 — Business and Summary of Significant Accounting Policies for further description of its 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-Dec-13				31-Dec-12
			Notional		Asset Fair	Liability	Notional	Asset Fair	Liability
	Qualifying Hedges		Amount		Value	Fair Value	Amount (2)	Value	Fair Value
	Cross currency swaps - net investment hedges		$                            47.1		$                               1.1	$                         -	$                    151.2	$                     -	$                  (6.1)
	Foreign currency forward contracts – cash flow hedges		3.8		-	-0.3	11.7	-	-0.9
	Foreign currency forward contracts – net investment hedges		1,436.8		11.8	-23.8	1,232.6	1.9	-31.5
	Total Qualifying Hedges		1,487.7		12.9	-24.1	1,395.5	1.9	-38.5
	Non-Qualifying Hedges
	Cross currency swaps		131.8		6.3	-	552.8	1.7	-11
	Interest rate swaps		1,386.0		5.7	-25.4	809.6	0.6	-39.3
	Written options		566.0		-	-1	251.4	-	-0.1
	Purchased options		816.8		1.2	-	502.7	0.3	-
	Foreign currency forward contracts		1,979.9		23.4	-50.8	1,853.8	5.7	-25.7
	Total Return Swap (TRS)		485.2		-	-9.7	106.6	-	-5.8
	Equity Warrants		1.0		0.8	-	1.0	0.1	-
	Total Non-qualifying Hedges		5,366.7		37.4	-86.9	4,077.9	8.4	-81.9
	Total Hedges		$                       6,854.4		$                            50.3	$               (111.0)	$                 5,473.4	$               10.3	$              (120.4)
		-1		Presented on a gross basis.
	Total Return Swaps (“TRS”)
	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 total return swaps of $485.2 million at December 31, 2013 and $106.6 million at December 31, 2012 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 $1,639.8 million at December 31, 2013 and $2,018.4 million at December 31, 2012 under the CFL and BV facilities. 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 long-dated CFL and BV facilities through the final maturity date in 2028; and
		-		Forecasted amortization, 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 $10 million and $6 million was recorded at December 31, 2013 and December 31, 2012, respectively.  The change in value is recorded in Other Income in the Consolidated Statements of Operations.
	Impact of Collateral and Netting Arrangements on the Total Derivative Portfolio
	The following tables present a summary as at December 31, 2013 and 2012, of the gross amounts of recognized financial assets and liabilities; the amounts offset under current GAAP 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 all derivative transactions are documented under International Swaps and Derivatives Association (“ISDA”) agreements.
							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 (5)	Cash Collateral Pledged/(Received) (5)(6)	Net Amount
	31-Dec-13
	Derivative assets (1)		$                           50.3		$                                 -	$                                   50.3	$                         (33.4)	$                             (5.0)	$                           11.9
	Derivative liabilities (2)		-111		-	-111	33.4	41.0	-36.6
	31-Dec-12
	Derivative assets (3)		$                           10.3		$                                 -	$                                   10.3	$                           (7.6)	$                             (1.7)	$                             1.0
	Derivative liabilities (4)		-120.4		-	-120.4	8.0	73.3	-39.1
		-1		Includes $12.9 million of qualifying hedges reported in Other assets and $37.4 million reported in Trading assets at fair value – derivatives.
		-2		Includes $(24.1) million of qualifying hedges reported in Other liabilities and $(86.9) million reported in Trading liabilities at fair value – derivatives.
		-3		Includes $1.9 million of qualifying hedges reported in Other assets and $8.4 million reported in Trading assets at fair value – derivatives.
		-4		Includes $(38.5) million of qualifying hedges reported in Other liabilities and $(81.9) million reported in Trading liabilities at fair value – derivatives.
		-5		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.
		-6		Collateral pledged or received are 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)
					Years Ended December 31,
	Contract Type		Gain / (Loss) Recognized		2013	2012	2011
	Qualifying Hedges
	Foreign currency forward contracts – cash flow hedges		Other income		$                               0.7	$                      1.1	$                      (0.9)
	Total Qualifying Hedges				0.7	1.1	-0.9
	Non Qualifying Hedges
	Cross currency swaps		Other income		11.5	-10.5	29.2
	Interest rate swaps		Other income		19.1	1.2	-14.6
	Interest rate options		Other income		-	-0.7	-0.9
	Foreign currency forward contracts		Other income		-12.1	-23.7	30.0
	Equity warrants		Other income		0.8	-0.3	-0.8
	Total Return Swap (TRS)		Other income		-3.9	-5.8	-
	Total Non-qualifying Hedges				15.4	-39.8	42.9
Total derivatives - income statement impact				$                            16.1	$                  (38.7)	$                      42.0
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 to income	Total income statement impact	Derivatives - effective portion recorded in OCI	Total change in OCI for period
Year Ended December 31, 2013
Foreign currency forward contracts - cash flow hedges		$                              0.7		$                                  -	$                      0.7	$                        0.6	$                (0.1)
Foreign currency forward contracts - net investment hedges		-7.7		-	-7.7	5.8	13.5
Cross currency swaps - net investment hedges		-0.1		-	-0.1	10.0	10.1
Total		$                            (7.1)		$                                  -	$                    (7.1)	$                      16.4	$                23.5
Year Ended December 31, 2012
Foreign currency forward contracts - cash flow hedges		$                              1.1		$                                  -	$                      1.1	$                        1.7	$                  0.6
Foreign currency forward contracts - net investment hedges		-4.1		-	-4.1	-59.4	-55.3
Cross currency swaps - net investment hedges		-		-	-	-12.9	-12.9
Total		$                            (3.0)		$                                  -	$                    (3.0)	$                    (70.6)	$              (67.6)
Year Ended December 31, 2011
Foreign currency forward contracts - cash flow hedges		$                            (1.0)		$                                  -	$                    (1.0)	$                      (0.1)	$                  0.9
Foreign currency forward contracts - net investment hedges		-9.7		-	-9.7	26.4	36.1
Cross currency swaps - net investment hedges		-		-	-	9.0	9.0
Total		$                          (10.7)		$                                  -	$                  (10.7)	$                      35.3	$                46.0
Estimated amount of net losses on cash flow hedges recorded in AOCI at December 31, 2013 expected to be recognized in income over the next 12 months is $0.2 million.

Other_Liabilities

Other Liabilities	12 Months Ended
	Dec. 31, 2013
Other Liabilities [Abstract]	'
Other Liabilities	'
	NOTE 11 — OTHER LIABILITIES
	The following table presents components of other liabilities:
	Other Liabilities (dollars in millions)
		31-Dec-13	31-Dec-12
	Equipment maintenance reserves	$                                 904.2	$                               850.0
	Accrued expenses and accounts payable	478.1	554.0
	Accrued interest payable	247.1	235.3
	Security and other deposits	227.4	231.6
	Current taxes payable and deferred taxes	179.8	185.5
	Valuation adjustment relating to aerospace commitments (1)	137.5	188.1
	Other (2)	403.3	425.4
	Total other liabilities	$                              2,577.4	$                            2,669.9
	(1) In conjunction with FSA, a liability was recorded to reflect the current fair value of aircraft purchase commitments outstanding at the time.  When the aircraft are purchased, the cost basis of the assets is reduced by the associated liability.
	(2) Other liabilities consist of other taxes, property tax reserves and other miscellaneous liabilities.

Fair_Value

Fair Value	12 Months Ended
	Dec. 31, 2013
Fair Value [Abstract]	'
Fair Value	'
	NOTE 12 — 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” for 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-Dec-13	Total	Level 1	Level 2	Level 3
	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)
	31-Dec-12
	Assets
	Debt Securities AFS (1)	$                            767.6	$                         767.6	$                          -	$                      -
	Equity Securities AFS	14.3	14.3	-	-
	Trading assets at fair value - derivatives	8.4	-	8.4	-
	Derivative counterparty assets at fair value	1.9	-	1.9	-
	Total	$                            792.2	$                         781.9	$                     10.3	$                      -
	Liabilities
	Trading liabilities at fair value - derivatives	$                             (81.9)	-	-76.1	-5.8
	Derivative counterparty liabilities at fair value	-38.5	-	-38.5	-
	Total	$                           (120.4)	$                                 -	$                (114.6)	$                (5.8)
		-1		Debt securities AFS fair value hierarchy at December 31, 2012 has been conformed to the current presentation.
	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 (dollars in millions)
			Fair Value Measurements at Reporting Date Using:
		Total	Level 1	Level 2	Level 3	Total Gains and (Losses)
	Assets
	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)
	31-Dec-12
	Assets Held for Sale	$                            295.2	-	-	295.2	$               (106.7)
	Impaired loans	61.0	-	-	61.0	-40.9
	Total	$                            356.2	$                                -	$                         -	$               356.2	$               (147.6)
	Loans are transferred from HFI to AHFS 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 AHFS, the amount by which the carrying value exceeds fair value is recorded as a valuation allowance.
	Impaired finance receivables (including loans or capital leases) of $500 thousand 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
	Changes in Fair Value of Level 3 Financial Assets and Liabilities Measured on a Recurring Basis (dollars in millions)
		Total	Derivatives
	31-Dec-11	$                                   -	$                                -
	Gains or losses realized/unrealized
	Included in Other Income (1)	-5.8	-5.8
	31-Dec-12	$                              (5.8)	$                          (5.8)
	Gains or losses realized/unrealized
	Included in Other Income (1)	-3.9	-3.9
	31-Dec-13	$                              (9.7)	$                          (9.7)
		-1		Valuation of the derivative related to the GSI facilities
	Fair Value of Financial Instruments
	The carrying and estimated fair values of financial instruments presented below exclude leases and certain other assets and liabilities, which are not required for disclosure. Assumptions used in valuing financial instruments at December 31, 2013 are disclosed below.
	Financial Instruments (dollars in millions)
		31-Dec-13		31-Dec-12
		Carrying	Estimated	Carrying	Estimated
		Value	Fair Value	Value	Fair Value
	Assets
	Trading assets at fair value - derivatives	$                              37.4	$                           37.4	$                      8.4	$                  8.4
	Derivative counterparty assets at fair value	12.9	12.9	1.9	1.9
Assets held for sale (excluding leases)	415.2	416.4	56.8	60.4
Loans (excluding leases)	12,619.4	12,681.6	12,237.4	12,183.3
Investment Securities	2,630.7	2,629.2	1,065.5	1,068.3
Other assets subject to fair value disclosure and unsecured counterparty receivables (1)	586.5	586.5	691.6	691.6
Liabilities
Deposits (2)	-12,565.00	-12,751.90	-9,721.80	-9,931.80
Trading liabilities at fair value - derivatives	-86.9	-86.9	-81.9	-81.9
Derivative counterparty liabilities at fair value	-24.1	-24.1	-38.5	-38.5
Long-term borrowings (2)	-18,693.10	-19,340.80	-18,528.80	-19,556.20
Other liabilities subject to fair value disclosure (3)	-1,919.10	-1,919.10	-1,936.90	-1,936.90
(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 use Level 3 inputs.
Assumptions used in 2013 to value financial instruments are set forth below:
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 10 — 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 (Level 1) 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. 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 December 31, 2013 was $12.7 billion, which is 100.5% 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 December 31, 2013, 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 $370.1 million. Including related allowances, these loans are carried at $259.9 million, or 70% of UPB. Of these amounts, $204.1 million and $168.1 million of UPB and carrying value 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 3 - 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 $12.6 billion par value at December 31, 2013, were valued based on quoted market prices, which are Level 1 inputs. Approximately $2.4 billion par value of the secured borrowings at December 31, 2013 utilized market inputs to estimate fair value, which are Level 2 inputs. Where market estimates were not available for approximately $3.6 billion par value at December 31, 2013, 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.

Stockholders_Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2013
Stockholders' Equity [Abstract]	'
Stockholders' Equity	'
	NOTE 13 — STOCKHOLDERS’ EQUITY
	A roll forward of common stock activity is presented in the following table.
	Number of Shares of Common Stock
		Issued		Less Treasury		Outstanding
	Common Stock – December 31, 2011	200,980,752		-320,438		200,660,314
	Restricted/performance shares issued	272,702		-		272,702
	Shares held to cover taxes on vesting restricted shares and other	-		-93,823		-93,823
	Employee stock purchase plan participation	29,609		-		29,609
	Common Stock – December 31, 2012	201,283,063		-414,261		200,868,802
	Restricted stock issued	873,842		-		873,842
	Repurchase of common stock	-		-4,006,941		-4,006,941
	Shares held to cover taxes on vesting restricted shares and other	-		-357,442		-357,442
	Employee stock purchase plan participation	25,490		-		25,490
	Common Stock – December 31, 2013	202,182,395		-4,778,644		197,403,751
	We declared and paid a $0.10 cash dividend on our common stock during the 2013 fourth quarter.  No other dividends were declared or paid in 2013 or 2012.
	Accumulated Other Comprehensive Income/(Loss)
	Total comprehensive income was $679.8 million for the year ended December 31, 2013, versus comprehensive losses of $587.4 million and $66.7 million for the years ended December 31, 2012 and 2011, respectively, including accumulated other comprehensive loss of $73.6 million and $77.7 million at December 2013 and 2012, respectively. The following table details the components of Accumulated Other Comprehensive Loss, net of tax:
	Components of Accumulated Other Comprehensive Income (Loss) (dollars in millions)
		31-Dec-13				31-Dec-12
		Gross Unrealized	Income Taxes	Net Unrealized		Gross Unrealized	Income Taxes	Net Unrealized
	Changes in benefit plan net gain/(loss) and prior service (cost)/credit	$             (24.3)	$                    0.2	$             (24.1)		$                 (43.5)	$                    0.4	$                 (43.1)
	Foreign currency translation adjustments	-49.4	-	-49.4		-36.6	-	-36.6
	Changes in fair values of derivatives qualifying as cash flow hedges	-0.2	-	-0.2		-0.1	-	-0.1
	Unrealized net gains (losses) on available for sale securities	0.2	-0.1	0.1		3.5	-1.4	2.1
	Total accumulated other comprehensive loss	$             (73.7)	$                    0.1	$             (73.6)		$                 (76.7)	$                 (1.0)	$                 (77.7)
	The following table details the changes in the components of Accumulated Other Comprehensive Income (Loss).
			Changes in benefit plan net gain (loss) and prior service (cost) credit		Foreign currency translation adjustments		Unrealized net gains (losses) on available for sale securities		Changes in fair values of derivatives qualifying as cash flow hedges	Total accumulated other comprehensive income (loss) ("AOCI")
	Balance as of December 31, 2011		$                   (54.8)		$                         (28.2)		$                       1.1		$                      (0.7)	$                   (82.6)
	AOCI activity before reclassifications		10.3		-16.8		1.0		1.7	-3.8
	Amounts reclassed from AOCI		1.4		8.4		-		-1.1	8.7
	Net current period AOCI		11.7		-8.4		1.0		0.6	4.9
	Balance as of December 31, 2012		$                   (43.1)		$                         (36.6)		$                       2.1		$                      (0.1)	$                   (77.7)
	AOCI activity before reclassifications		19.2		-21.2		-2.8		0.6	-4.2
	Amounts reclassed from AOCI		-0.2		8.4		0.8		-0.7	8.3
	Net current period AOCI		19.0		-12.8		-2		-0.1	4.1
	Balance as of December 31, 2013		$                   (24.1)		$                         (49.4)		$                       0.1		$                      (0.2)	$                   (73.6)
	Other Comprehensive Income/(Loss)
	The amounts included in the Statement of Comprehensive Income (Loss) are net of income taxes. The income taxes associated with changes in benefit plans net gain/(loss) and prior service (cost)/credit totaled $(0.2) million for 2013 and  $0.2 million for 2012 and was not significant in 2011. The income taxes associated with changes in fair values of derivatives qualifying as cash flow hedges were not significant for 2013, 2012 and 2011. The change in income taxes associated with net unrealized gains on available for sale securities totaled $1.3 million for 2013 and $(1.0) million for 2012 and 2011.    The changes in benefit plans net gain/(loss) and prior service (cost)/credit reclassification adjustments impacting net income was $(0.2) million for 2013 and $1.4 million for 2012. These amounts were insignificant in 2011. The reclassification adjustments for unrealized gains (losses) on investments recognized through income were $0.8 million for 2013 and were not significant for 2012 and 2011.
	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 included in earnings.
			Years Ended December 31,
			2013				2012
			Gross Amount	Tax	Net Amount		Gross Amount	Tax	Net Amount
	Changes in benefit plan net gain/(loss) and prior service (cost)/credit
	Gains (Losses)		$            (0.2)	$          -	$        (0.2)		$               1.3	$    0.1	$           1.4
	Foreign currency translation adjustments
	Gains (Losses)		8.4	-	8.4		8.4	-	8.4
	Net unrealized gains (losses) on available for sale securities
	Gains (Losses)		1.3	-0.5	0.8		-	-	-
	Changes in fair value of derivatives qualifying as cash flow hedges
	Gains (Losses)		-0.7	-	-0.7		-1.1	-	-1.1
	Total Reclassifications out of AOCI		$               8.8	$    (0.5)	$           8.3		$               8.6	$    0.1	$           8.7

Regulatory_Capital

Regulatory Capital	12 Months Ended
	Dec. 31, 2013
Regulatory Capital [Abstract]	'
Regulatory Capital	'
	NOTE 14 — 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 December 31, 2013.
	Tier 1 Capital and Total Capital Components (dollars in millions)
		CIT		CIT Bank
		December 31,	December 31,	December 31,		December 31,
	Tier 1 Capital	2013	2012	2013		2012
	Total stockholders’ equity	$                8,838.8	$                8,334.8	$                    2,596.6		$                2,437.4
	Effect of certain items in accumulated other comprehensive loss excluded from Tier 1 Capital	24.2	41.1	-		-0.4
	Adjusted total equity	8,863.0	8,375.9	2,596.6		2,437.0
	Less: Goodwill(1)	-338.3	-345.9	-		-
	Disallowed intangible assets(1)	-20.3	-32.7	-		-
	Investment in certain subsidiaries	-32.3	-34.4	-		-
	Other Tier 1 components(2)	-32.6	-68	-		-14.3
	Tier 1 Capital	8,439.5	7,894.9	2,596.6		2,422.7
	Tier 2 Capital
	Qualifying allowance for credit losses and other reserves(3)	383.9	402.6	193.6		141.2
	Less: Investment in certain subsidiaries	-32.3	-34.4	-		-
	Other Tier 2 components(4)	0.1	0.5	-		0.3
	Total qualifying capital	$                8,791.2	$                8,263.6	$                    2,790.2		$                2,564.2
	Risk-weighted assets	$              50,571.2	$              48,616.9	$                  15,451.9		$              11,288.3
	Total Capital (to risk-weighted assets):
	Actual	17.4%	17.0%	18.1%		22.7%
	Required Ratio for Capital Adequacy Purposes to be well capitalized	10.0%	13.0%(5)	10.0%		10.0%
	Tier 1 Capital (to risk-weighted assets):
	Actual	16.7%	16.2%	16.8%		21.5%
	Required Ratio for Capital Adequacy Purposes to be well capitalized	6.0%	6.0%	6.0%		6.0%
	Tier 1 Leverage Ratio:
	Actual	18.1%	18.3%	16.9%		20.2%
	Required Ratio for Capital Adequacy Purposes	4.0%	4.0%	5.0%	-6	5.0%	-6
	(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 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.
	(5)The Company previously had committed to maintaining the capital ratio above regulatory minimum levels.
	(6)Required ratio for capital adequacy purposes to be well capitalized.

Earnings_Per_Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	NOTE 15 — EARNINGS PER SHARE
	The reconciliation of the numerator and denominator of basic EPS with that of diluted EPS is presented below:
	Earnings Per Share (dollars in millions, except per share amount; shares in thousands)
		Years Ended December 31,
		2013	2012	2011
	Earnings / (Loss)
	Net income (loss) from continuing operations	$              644.4	$           (535.8)	$                 83.9
	Net Income (loss) from discontinued operation	31.3	-56.5	-69.1
	Net income (loss)	$              675.7	$           (592.3)	$                 14.8
	Weighted Average Common Shares Outstanding
	Basic shares outstanding	200,503	200,887	200,678
	Stock-based awards(1)	1,192	-	137
	Diluted shares outstanding	201,695	200,887	200,815
	Basic Earnings Per common share data
	Income (loss) from continuing operations	$                3.21	$             (2.67)	$                 0.42
	Income (loss) from discontinued operation	0.16	-0.28	-0.35
		$                3.37	$             (2.95)	$                 0.07
	Diluted Earnings Per common share data
	Income (loss) from continuing operations	$                3.19	-2.67	0.42
	Income (loss) from discontinued operation	0.16	-0.28	-0.35
		$                3.35	$             (2.95)	$                 0.07
	(1) Represents the incremental shares from in-the-money non-qualified restricted stock awards, performance shares, and stock options. Weighted average options and restricted shares that were out-of-the money were excluded from diluted earnings per share and totaled 0.9 million, 1.5 million, and 0.9 million, for the December 31, 2013, 2012 and 2011 periods, respectively. Additionally, in 2013 there were approximately 0.2 million performance shares that were out of the money and also excluded from diluted earnings per share.

NonInterest_Income

Non-Interest Income	12 Months Ended
	Dec. 31, 2013
Non-Interest Income [Abstract]	'
Non-Interest Income	'
	NOTE 16 — NON-INTEREST INCOME
	The following table sets forth the components of non-interest income:
	Non-interest Income (dollars in millions)
		Years Ended December 31,
		2013	2012	2011
	Rental income on operating leases	$           1,897.4	$            1,900.8	$            1,785.6
	Other Income:
	Gains on sales of leasing equipment	$              130.5	$               117.6	$               148.4
	Factoring commissions	122.3	126.5	132.5
	Fee revenues	101.5	86.1	97.3
	Gains on loan and portfolio sales	48.8	162.3	290.8
	Recoveries of loans charged off pre-emergence and loans charged off prior to transfer to held for sale	21.9	54.3	124.1
	Counterparty receivable accretion	8.6	88.7	101.4
	Gain on investments	8.2	40.2	45.7
	Gains (losses) on derivatives and foreign currency exchange	1.0	-5.7	-5.2
	Impairment on assets held for sale	-124	-115.1	-89
	Other revenues	62.5	59.8	108.2
	Total other income	381.3	614.7	954.2
	Total non-interest income	$           2,278.7	$            2,515.5	$            2,739.8

Other_Expenses

Other Expenses	12 Months Ended
	Dec. 31, 2013
Other Expenses [Abstract]	'
Other Expenses	'
	NOTE 17 — OTHER EXPENSES
	The following table sets forth the components of other expenses:
	Other Expenses (dollars in millions)
		Years Ended December 31,
		2013	2012	2011
	Depreciation on operating lease equipment	$              540.6	$              513.2	$              538.6
	Maintenance and other operating lease expenses	163.1	139.4	157.8
	Operating expenses:
	Compensation and benefits	535.4	537.1	490.5
	Technology	83.3	81.6	75.1
	Professional fees	69.1	63.8	120.0
	Provision for severance and facilities exiting activities	36.9	22.7	13.1
	Net occupancy expense	35.3	36.1	38.7
	Advertising and marketing	25.2	36.5	10.5
	Other expenses(1)	185.0	116.2	112.8
	Total operating expenses	970.2	894.0	860.7
	Loss on debt extinguishments	-	61.2	134.8
	Total other expenses	$           1,673.9	$           1,607.8	$           1,691.9
		-1	Includes $50 million related to a tax settlement agreement with Tyco International Ltd.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2013
Income Taxes [Abstract]	'
Income Taxes	'
	NOTE 18 — INCOME TAXES
	The following table presents the U.S. and non-U.S. components of income (loss) before provision for income taxes:
	Income (Loss) Before Provision for Income Taxes (dollars in millions)
		Years Ended December 31,
		2013		2012		2011
	U.S.	$              374.2		$         (1,004.3)		$                    (593.0)
	Non-U.S.	360.0		588.9		838.9
	Income (loss) before provision for income taxes	$              734.2		$            (415.4)		$                      245.9
	The provision for income taxes is comprised of the following:
	Provision for Income Taxes (dollars in millions)
		Years Ended December 31,
		2013		2012		2011
	Current federal income tax provision	$                  0.1		$                  1.5		$                         1.1
	Deferred federal income tax provision	18.9		9.5		18.6
	Total federal income tax provision	19.0		11.0		19.7
	Current state and local income tax provision	6.0		16.1		10.8
	Deferred state and local income tax provision/(benefit)	1.0		-2.1		1.0
	Total state and local income tax provision	7.0		14.0		11.8
	Total foreign income tax provision	66.5		108.8		127.1
	Total provision for income taxes	$                92.5		$              133.8		$                     158.6
	Continuing operations	$                83.9		$              116.7		$                     157.0
	Discontinued operation	8.6		17.1		1.6
	Total provision for income taxes	$                92.5		$              133.8		$                     158.6
	A reconciliation from the U.S. Federal statutory rate to the Company’s actual effective income tax rate is as follows:
	Percentage of Pretax Income Years Ended December 31, (dollars in millions)
		Effective Tax Rate
		2013			2012			2011
	Continuing Operations	Pretax Income	Income tax expense (benefit)	Percent of pretax income	Pretax (loss)	Income tax expense (benefit)	Percent of pretax (loss)	Pretax income	Income tax expense (benefit)	Percent of pretax income
	Federal income tax rate	$                   734.2	$              256.9	35.0%	$              (415.4)	$            (145.3)	35.0%	$              245.9	$                  86.0	35.0%
	Increase (decrease) due to:
	State and local income taxes, net of federal income tax benefit		6.2	0.8		13.5	-3.2		10.2	4.1
	Lower tax rates applicable to non-U.S. earnings		-97.1	-13.2		-152.9	36.8		-177.4	-72.2
	Foreign income subject to U.S. tax		55.7	7.6		322.5	-77.7		306.9	124.9
	Unrecognized tax benefits		0.3	-		-227.8	54.9		101.3	41.2
	Deferred income taxes on foreign unremitted earnings		-24.7	-3.4		112.0	-27		86.3	35.1
	Valuation allowances		-100.6	-13.7		211.4	-50.9		-225.5	-91.7
	International tax settlements		-11.2	-1.5		-	-		-	-
	Other		-1.6	-0.2		-16.7	4.0		-30.8	-12.5
	Total Effective Tax Rate  - Continuing operations		$                83.9	11.4%		$              116.7	-28.10%		$                157.0	63.9%
	Discontinued Operation
	Federal income tax rate	$                     39.9	$               14.0	35.0%	$               (39.4)	$             (13.7)	35.0%	$             (67.5)	$               (23.6)	35.0%
	Increase (decrease) due to:
	State and local income taxes, net of federal income tax benefit		0.7	1.7		0.5	-1.4		1.6	-2.3
	Lower tax rates applicable to non-U.S. earnings		15.3	38.5		11.9	-30.3		-	-
	Foreign income subject to U.S. tax		-17.9	-44.9		-17.4	44.1		-	-
	Valuation allowances		-3.5	-8.8		35.8	-91.1		23.6	-35
	Total Effective Tax Rate  - Discontinued operation		$                 8.6	21.5%		$               17.1	-43.70%		$                    1.6	-2.30%
	Total Effective Tax Rate		$               92.5	11.9%		$             133.8	-29.40%		$                158.6	89.0%
	The tax effects of temporary differences that give rise to deferred income tax assets and liabilities are presented below:
	Components of Deferred Income Tax Assets and Liabilities (dollars in millions)
		December 31,
		2013		2012
	Deferred Tax Assets:
	Net operating loss (NOL) carry forwards	2,694.7		$            2,552.9
	Loans and direct financing leases	166.4		232.7
	Provision for credit losses	147.9		153.4
	Accrued liabilities and reserves	97.2		116.8
	FSA adjustments - aircraft and rail contracts	52.8		73.6
	Other	114.0		176.2
	Total gross deferred tax assets	3,273.0		3,305.6
	Deferred Tax Liabilities:
	Operating leases	-1,549.30		-1,317.60
	Foreign unremitted earnings	-168.5		-198.4
Debt	-97.7		-115.7
Goodwill and intangibles	-47.3		-32.8
Other	-71.4		-152.8
Total deferred tax liabilities	-1,934.20		-1,817.30
Total net deferred tax asset before valuation allowances	1,338.8		1,488.3
Less:  Valuation allowances	-1,495.30		-1,578.90
Net deferred tax liability after valuation allowances	$             (156.5)		$               (90.6)
2009 Bankruptcy
CIT filed prepackaged voluntary petitions for bankruptcy for relief under the U.S. bankruptcy Code on November 1, 2009 and emerged from bankruptcy on December 10, 2009. As a consequence of the bankruptcy, CIT realized cancellation of indebtedness income (“CODI”). The Internal Revenue Service Code generally requires CODI to be recognized and included in taxable income. However, if CODI is realized pursuant to a confirmed plan of reorganization, then CODI is not recognized in taxable income but instead reduces certain favorable tax attributes.  CIT tax attribute reductions included a reduction to the Company’s federal net operating loss carry-forwards (“NOLs”) of approximately $5.1 billion and the tax bases in its assets of $2.6 billion. In 2009, the Company established a deferred tax liability of $3.1 billion to account for the future tax effects of the CODI adjustments. This deferred tax liability was applied as a reduction to our domestic net deferred tax assets at the beginning of 2010.
CIT’s reorganization in 2009 constituted an ownership change under Section 382 of the Code, which placed an annual dollar limit on the use of the remaining pre-bankruptcy NOLs. Under the  relief provision elected by the Company, Sec. 382(l)(6), the NOLs that the Company may use annually is limited to the product of a prescribed rate of return applied against the value of equity immediately after any ownership change. Based on an equity value determined by the Company’s opening stock price on December 10, 2009, the Company’s estimated  usage of pre-bankruptcy NOLs will be limited to $230 million per annum. 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.
Net Operating Loss Carry-forwards
As of December 31, 2013, CIT has deferred tax assets totaling $2.7 billion on its global NOLs. This includes a deferred tax asset of:  (1) $1.8 billion relating to its cumulative U.S. Federal NOLs of $5.2 billion, after the CODI reduction described in the paragraph above; (2) $453 million relating to cumulative state NOLs of $9.6 billion, and (3) $408 million relating to cumulative foreign NOLs of $3.0 billion.
Of the $5.2 billion U.S. Federal NOLs, approximately $2.6 billion relates to the pre-emergence period which is subject to the Sec. 382 limitation discussed above.  Domestic taxable income was essentially break-even for the current year, primarily due to one-time items in the fourth quarter, such as the Tyco tax agreement settlement, and the realization of tax losses from the sale of certain loan portfolios.  The net increase in the U.S. Federal NOLs from the prior year balance of $4.9 billion is primarily attributable to ongoing audit adjustments related to prior years as well as certain adjustments related to the finalization of the 2012 tax return filed during 2013.  The U.S. Federal NOL’s will expire beginning in 2027 through 2033.  $308 million of state NOLs will expire in 2014, and certain of the foreign NOLs will expire over various periods, with an insignificant amount expiring in 2014.
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 the future 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 valuation allowances of $1.5 billion and $1.6 billion against their net deferred tax assets at December 31, 2013 and 2012, respectively. Of the $1.5 billion valuation allowance at December 31, 2013, approximately $1.3 billion relates to domestic reporting entities and $211 million relates to the 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 consider this profitability measure 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.
While certain foreign and domestic entities with net operating loss carry-forwards have been profitable, 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 foreign and domestic reporting entities, which is one factor considered in the evaluation process, it is possible that the valuation allowance for those 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 generates sufficient future taxable income to realize its respective net deferred tax assets, 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, the provision for income taxes will be provided for future earnings; however, there will be a minimal impact on cash taxes paid for until the NOL carry-forward is fully utilized.
Indefinite Reinvestment Assertion
In 2011, management decided to no longer assert its intent to indefinitely reinvest its foreign earnings, except for foreign subsidiaries in select jurisdictions.  This decision was driven by events during the course of the year that culminated in Management’s conclusion that it may need to repatriate foreign earnings to address certain long-term investment and funding strategies.
As of December 31, 2013,  Management continues to maintain the position with regards to its assertion.  During 2013, the Company reduced its deferred tax liabilities for foreign withholding taxes by $10.2 million and the domestic deferred income tax liabilities by $19.6 million.  As of December 31, 2013, the Company has recorded $1.4 million for foreign withholding taxes and $167.1 million for domestic deferred income tax liabilities which represents the Company’s best estimate of the tax cost associated with the potential future repatriation of undistributed earnings of its foreign subsidiaries.  The $167.1 million of cumulative deferred income taxes  were offset by a corresponding adjustment to the domestic valuation allowance resulting in no impact to the income tax provision.
Liabilities for Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
Unrecognized Tax Benefits (dollars in millions)
	Liabilities for Unrecognized Tax Benefits		Interest/          Penalties		Grand Total
Balance at December 31, 2012	$              317.8		$                12.6		$                      330.4
Additions for tax positions related to current year	1.4		0.2		1.6
Additions for tax positions related to prior years	2.0		0.8		2.8
Settlements and payments	-0.5		-		-0.5
Expiration of statutes of limitations	-0.8		-		-0.8
Foreign currency revaluation	0.2		-0.3		-0.1
Balance at December 31, 2013	$              320.1		$                13.3		$                      333.4
During the year ended December 31, 2013, the Company recorded a $3.0 million income tax expense on uncertain tax positions including interest,  penalties, and net of a $0.1 million decrease attributable to foreign currency revaluation. The majority of the current year additions relate to prior-year uncertain tax positions.  As required by ASC 740, Income Taxes,  the deferred tax assets shown in the deferred tax asset and liability table above do not include any benefits associated with these uncertain tax positions.
During the year ended December 31, 2013, the Company recognized a $0.7 million income tax expense relating to interest and penalties on its uncertain tax positions, net of a $0.3 million decrease attributable to foreign currency translation. As of December 31, 2013, the accrued liability for interest and penalties is $13.3 million.  The Company recognizes accrued interest and penalties on unrecognized tax benefits in income tax expense.
The entire $320.1 million of unrecognized tax benefits at December 31, 2013 would lower the Company’s effective tax rate, if realized, absent a corresponding adjustment of the Company’s valuation allowance for net deferred tax assets. The Company believes that the total unrecognized tax benefits may decrease, in the range of $0 to $5 million, due to the settlements of audits and the expiration of various statutes of limitations prior to December 31, 2014.
Income Tax Audits
On April 3, 2012, the Company and Internal Revenue Service (IRS) concluded the audit examination of the Company’s U.S. federal income tax returns for the taxable years ended December 31, 2005 through December 31, 2007.  The audit settlement resulted in the imposition of a $1.4 million alternative minimum tax that can be used in the future as a credit to offset the Company’s regular tax liability. In 2012, the IRS commenced its audit examination of the Company’s U.S. Federal income tax returns for the taxable years ending December 31, 2008 through December 31, 2010.   The IRS is currently targeting completing the examination during 2014.
The Company and its subsidiaries are under examination in various states, provinces and countries for years ranging from 2005 through 2011. Management does not anticipate that these examination results will have any material financial impact.

Retirements_Postretirements_An

Retirements, Postretirements And Other Benefit Plans	12 Months Ended
	Dec. 31, 2013
Retirement, Postretirement And Other Benefit Plans [Abstract]	'
Retirement, Postretirement And Other Benefit Plans	'
	NOTE 19 — RETIREMENT, POSTRETIREMENT AND OTHER BENEFIT PLANS
	CIT provides various benefit programs, including defined benefit retirement and postretirement plans, and defined contribution savings incentive plans.  A summary of major plans is provided below.
	Retirement and Postretirement Benefit Plans
	Retirement Benefits
	CIT has both funded and unfunded noncontributory defined benefit pension plans covering certain U.S. and non-U.S. employees, each of which is designed in accordance with practices and regulations in the related countries. Retirement benefits under defined benefit pension plans are based on an employee’s age, years of service and qualifying compensation.
	The Company’s largest plan is the CIT Group Inc. Retirement Plan (the “Plan”), which accounts for 73.4% of the Company’s total pension projected benefit obligation at December 31, 2013.
	The Company also maintains a U.S. noncontributory supplemental retirement plan, the CIT Group Inc. Supplemental Retirement Plan (the “Supplemental Plan”), for participants whose benefit in the Plan is subject to Internal Revenue Code limitations, and an executive retirement plan, which has been closed to new members since 2006.  In aggregate, these two plans account for 18.2% of the total pension projected benefit obligation at December 31, 2013.
	On October 16, 2012, the Board of Directors of the Company approved amendments to freeze the benefits earned under both the Plan and the Supplemental Plan.  These actions became effective on December 31, 2012.  These changes resulted in a reduction in the pension liability, a gain to AOCI and eliminated future service cost accruals.  The freeze discontinued credit for services after December 31, 2012; however, accumulated balances under the cash balance formula will continue to receive periodic interest, subject to certain government limits.  The interest credit was 2.47%,  2.67%,  and 4.17% for the years ended December 31, 2013, 2012, and 2011, respectively.  Participants under the traditional formula accrued a benefit through December 31, 2012, after which the benefit amount was frozen, and no further credits will be earned.
	Employees generally become vested in both plans after completing three years of service, or upon attaining normal retirement age, as defined.  Upon termination or retirement, vested participants under the “cash balance” formula have the option of receiving their benefit in a lump sum, deferring their payment to age 65 or converting their vested benefit to an annuity.  Traditional formula participants can only receive an annuity upon a qualifying retirement.
	During 2012, CIT offered a voluntary cash out option to Plan participants who are former employees of the Company and who had not yet started to receive monthly pension benefit payments.  The payments made from the Plan in 2012 as a result of this offer totaled $19.8 million.
	Postretirement Benefits
	CIT provides healthcare and life insurance benefits to eligible retired employees. U.S. retiree healthcare and life insurance benefits account for 46.8% and 48.4% of the total postretirement benefit obligation, respectively. For most eligible retirees, healthcare is contributory and life insurance is non-contributory. The U.S. retiree healthcare plan pays a stated percentage of most medical expenses, reduced by a deductible and any payments made by the government and other programs. The U.S. retiree healthcare benefit includes a maximum limit on CIT’s share of costs for employees who retired after January 31, 2002. All postretirement benefit plans are funded on a pay-as-you-go basis.
	On October 16, 2012, the Board of Directors of the Company approved amendments that discontinue benefits under CIT’s postretirement benefit plans.  These changes resulted in a gain to AOCI and will reduce future service cost accruals.  CIT will no longer offer retiree medical, dental and life insurance benefits to those who did not meet the eligibility criteria for these benefits by December 31, 2013.  Employees who met the eligibility requirements for retiree health insurance by December 31, 2013 will be offered retiree medical and dental coverage upon retirement.  To receive retiree life insurance, employees must have met the eligibility criteria for retiree life insurance by December 31, 2013 and must have retired from CIT on or before December 31, 2013.
	Obligations and Funded Status
	The following tables set forth changes in benefit obligation, plan assets, funded status and net periodic benefit cost of the retirement plans and postretirement plans:
	Obligations and Funded Status (dollars in millions)
		Retirement Benefits		Post-Retirement Benefits
		2013	2012	2013	2012
	Change in benefit obligation
	Benefit obligation at beginning of year	$              480.8	$              470.3	$                42.3	$                50.2
	Service cost (1)	0.5	14.5	0.1	0.8
	Interest cost	17.8	19.9	1.6	1.9
	Plan amendments, curtailments, and settlements	-1.7	-22.4	0.6	-9
	Actuarial loss/(gain)	-20.1	41.7	-2.8	1.2
	Benefits paid	-25.3	-44.7	-4.7	-4.7
	Other(2)	0.4	1.5	1.7	1.9
	Benefit obligation at end of year	452.4	480.8	38.8	42.3
	Change in plan assets
	Fair value of plan assets at beginning of period	346.3	324.6	-	-
	Actual return on plan assets	16.0	41.3	-	-
	Employer contributions	21.1	24.0	3.0	3.4
	Plan settlements	-1.7	-0.2	-0.1	-0.7
	Benefits paid	-25.3	-44.7	-4.7	-4.7
	Other(2)	0.5	1.3	1.8	2.0
	Fair value of plan assets at end of period	356.9	346.3	-	-
	Funded status at end of year(3)(4)	$              (95.5)	$            (134.5)	$              (38.8)	$              (42.3)
		-1	The retirement benefit plan was frozen and the post-retirement benefit plan discontinued benefits effective December 31, 2012, as such, there was no service cost incurred on those plans in the year ended December 31, 2013.
		-2	Consists of any of the following: plan participants’ contributions, termination benefits, retiree drug subsidy, and currency translation adjustments.
		-3	These amounts were recognized as liabilities in the Consolidated Balance Sheet at December 31, 2013 and 2012.
		-4	Company assets of $95.7 million and $99.2 million as of December 31, 2013 and December 31, 2012, respectively, related to the non-qualified U.S. executive retirement plan obligation are not included in plan assets but related liabilities are in the benefit obligation.
	During 2013, the Company entered into a buy-in/buy-out transaction in the United Kingdom with an insurance company that is expected to result in a full buy-out of the related pension plan in 2014.  This contract did not meet the settlement requirements in ASC 715, Compensation – Retirement Benefits as of the year ended December 31, 2013 and resulted in an $8 million actuarial loss that is included in the net actuarial gain of $20.1 million as of December 31, 2013, as the plan’s pension liabilities were valued at their buy-in value basis.  The loss of $8 million will be recognized in the Statement of Operations when the transaction meets settlement accounting requirements, which is expected in 2014.
	The accumulated benefit obligation for all defined benefit pension plans was $449.8 million and $477.5 million, at December 31, 2013 and 2012, respectively.  Information for those defined benefit plans with an accumulated benefit obligation in excess of plan assets is as follows:
	Defined Benefit Plans with an Accumulated Benefit Obligation in Excess of Plan Assets (dollars in millions)
		December 31,
		2013	2012
	Projected benefit obligation	421.4	$              458.8
	Accumulated benefit obligation	418.8	455.6
	Fair value of plan assets	325.9	319.0
	The net periodic benefit cost and other amounts recognized in AOCI consisted of the following:
	Net Periodic Benefit Costs and Other Amounts (dollars in millions)
		Retirement Benefits			Post-Retirement Benefits
		2013	2012	2011	2013	2012	2011
	Service cost	$                           0.5	$                        14.5	$                         13.0	$                           0.1	$                    0.8	$                    0.9
	Interest cost	17.8	19.9	22.5	1.6	1.9	2.4
	Expected return on plan assets	-18.9	-18.4	-20.3	-	-	-
	Amortization of prior service cost	-	-	-	-0.6	-0.3	-
	Amortization of net loss/(gain)	1.0	2.1	-	-0.2	-0.4	-0.2
	Settlement and curtailment (gain)/loss	0.2	-0.6	0.9	-0.3	-	-
	Termination benefits	-	0.3	-	-	-	-
	Net periodic benefit cost	$                           0.6	$                        17.8	$                         16.1	0.6	$                    2.0	$                    3.1
	Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
	Net (gain)/loss	-17.1	-2.6	58.0	-2.5	0.6	1.6
	Prior service cost (credit)	-	-	-	-	-7.7	-
Amortization, settlement or curtailment recognition of net gain/(loss)	-1.1	-2.2	-0.3	0.1	0.4	0.2
Amortization, settlement or curtailment recognition of prior service (cost)/credit	-	-	-	1.4	0.2	-
Total recognized in OCI	-18.2	-4.8	57.7	-1	-6.5	1.8
Total recognized in net periodic benefit cost and OCI	$                        (17.6)	$                        13.0	$                         73.8	$                          (0.4)	$                 (4.5)	$                    4.9
The amounts recognized in AOCI during the year ended December 31, 2013 were net gains (before taxes) of $18.2 million for retirement benefits.  The net retirement benefits AOCI gains were primarily driven by a reduction in benefit obligations of $17.1 million resulting from changes in assumptions.  The discount rate for the U.S. pension and postretirement plans increased by 100 basis points from 3.75% at December 31, 2012 to 4.75% at December 31, 2013 and accounted for the majority of the AOCI gains arising from assumption changes.
The postretirement AOCI net gains (before taxes) of $1.0 million during the year ended December 31, 2013 were primarily driven by a 75 basis point increase in the discount rate from 3.75% at December 31, 2012 to 4.50% at December 31, 2013.
The plan changes approved on October 16, 2012 resulted in plan curtailments and amendments which reduced the liability for the affected plans as indicated in the table above. Each of the amended plans was re-measured at October 1, 2012 using a discount rate of 3.75%.
The amounts recognized in AOCI during the year ended December 31, 2012 were net gains (before taxes) of $4.8 million for retirement benefits. The net retirement benefits AOCI gains were primarily driven by a reduction in benefit obligations of $20.4 million resulting from the decision to freeze benefits under certain plans, an increase in asset values of $23.8 million due to favorable asset performance, and the settlement of obligations of approximately $8.7 million as a result of the lump sum cash out offering. These gains were largely offset by changes in assumptions, which resulted in an increase in plan obligations of approximately $48.1 million.
The postretirement AOCI net gains (before taxes) of $6.5 million during the year ended December 31, 2012 were primarily driven by the reduction in benefit obligations of $8.3 million primarily due to the discontinuation of benefits under certain plans, partially offset by the impacts of assumption changes of approximately $1.8 million.
The discount rate for the majority of the U.S. pension and postretirement plans decreased by 75 basis points from 4.50% at December 31, 2011 to 3.75% at December 31, 2012. The decrease in the discount rate assumption represents the majority of the offset to the reduction of the pension and postretirement benefit obligations driven by plan changes.
Assumptions
Discount rate assumptions used for pension and post-retirement benefit plan accounting reflect prevailing rates available on high-quality, fixed-income debt instruments with maturities that match the benefit obligation. The rate of compensation used in the actuarial model is based upon the Company’s long-term plans for any increases, taking into account both market data and historical increases.
Expected long-term rate of return assumptions on assets are based on projected asset allocation and historical and expected future returns for each asset class. Independent analysis of historical and projected asset returns, inflation, and interest rates are provided by the Company’s investment consultants and actuaries as part of the Company’s assumptions process.
The weighted average assumptions used in the measurement of benefit obligations are as follows:
Weighted Average Assumptions	Retirement Benefits		Post-Retirement Benefits
	2013	2012	2013	2012
Discount rate	4.59%	3.80%	4.50%	3.74%
Rate of compensation increases	3.03%	3.03%	-1	3.00%
Health care cost trend rate
Pre-65	-1	-1	7.40%	7.60%
Post-65	-1	-1	7.60%	7.80%
Ultimate health care cost trend rate	-1	-1	4.50%	4.50%
Year ultimate reached	-1	-1	2029	2029
The weighted average assumptions used to determine net periodic benefit costs for the years ended December 31, 2013 and 2012 are as follows:
Weighted Average Assumptions	Retirement Benefits		Post-Retirement Benefits
	2013	2012	2013	2012
Discount rate	3.81%	4.30%	3.86%	4.31%
Expected long-term return on plan assets	5.57%	5.56%	-1	-1
Rate of compensation increases	3.03%	3.00%	3.00%	3.00%
	-1	Not applicable
Healthcare rate trends have a significant effect on healthcare plan costs. The Company uses both external and historical data to determine healthcare rate trends. An increase (decrease) of one-percentage point in assumed healthcare rate trends would increase (decrease) the postretirement benefit obligation by $1.2 million and ($1.0 million), respectively. The service and interest cost are not material.
Plan Assets
CIT maintains a “Statement of Investment Policies and Objectives” which specifies guidelines for the investment, supervision and monitoring of pension assets in order to manage the Company’s objective of ensuring sufficient funds to finance future retirement benefits. The asset allocation policy allows assets to be invested between 15% to 35% in Equities, 35% to 65% in Fixed-Income, 15% to 25% in Global Asset Allocations, and 5% to 10% in Hedge Funds.  The asset allocation follows a Liability Driven Investing (“LDI”) strategy.  The objective of LDI is to allocate assets in a manner that their movement will more closely track the movement in the benefit liability.  The policy provides specific guidance on asset class objectives, fund manager guidelines and identification of prohibited and restricted transactions. It is reviewed periodically by the Company’s Investment Committee and external investment consultants.
Members of the Investment Committee are appointed by the Chief Executive Officer and include the Chief Financial Officer as the committee Chairman, and other senior executives.
There were no direct investments in equity securities of CIT or its subsidiaries included in pension plan assets in any of the years presented.
Plan investments are stated at fair value. Common stock traded on security exchanges as well as mutual funds and exchange traded funds are valued at closing market prices; when no trades are reported, they are valued at the most recent bid quotation (Level 1). Investments in common/collective trusts are carried at fair value based upon net asset value (“NAV”) (Level 2). Funds that invest in alternative assets that do not have quoted market prices are valued at estimated fair value based on capital and financial statements received from fund managers (Level 3).  Given the valuation of Level 3 assets is dependent upon assumptions and expectations, management, with the assistance of third party experts, periodically assesses the controls and governance employed by the investment firms that manage Level 3 assets.
The tables below set forth asset fair value measurements.
Fair Value Measurements (dollars in millions)
31-Dec-13	Level 1	Level 2	Level 3	Total Fair Value
Cash	$                           0.2	$                             -	$                              -	$                          0.2
Mutual Fund	70.4	-	-	70.4
Common Collective Trust	-	179.3	-	179.3
Common Stock	18.1	-	-	18.1
Exchange Traded Funds	21.2	-	-	21.2
Short Term Investment Fund	-	4.1	-	4.1
Partnership	-	-	9.7	9.7
Hedge Fund	-	-	22.9	22.9
Insurance Contracts	-	-	31.0	31.0
	$                       109.9	$                     183.4	$                        63.6	$                      356.9
31-Dec-12	Level 1	Level 2	Level 3	Total Fair Value
Cash	$                           0.3	$                             -	$                              -	$                          0.3
Mutual Fund	62.7	-	-	62.7
Common Collective Trust	-	183.0	-	183.0
Common Stock	23.3			23.3
Exchange Traded Funds	19.6		-	19.6
Short Term Investment Fund	-	5.5	-	5.5
Partnership	-	-	10.5	10.5
Hedge Fund	-	-	13.9	13.9
Unitized Insurance Fund	-	27.2	-	27.2
Insurance Contracts	-	-	0.3	0.3
	$                       105.9	$                     215.7	$                        24.7	$                      346.3
Certain reclassifications were made to prior year investment classifications and fair value levels to conform to the current year presentation.
The table below sets forth changes in the fair value of the Plan’s Level 3 assets for the year ended December 31, 2013:
Fair Value of Level 3 Assets  (dollars in millions)	Total	Partnership	Hedge Funds	Insurance Contracts
31-Dec-12	$                         24.7	$                        10.5	$                         13.9	$                           0.3
Realized and Unrealized Gains (Losses)	1.1	-0.8	1.9	-
Purchases, sales, and settlements, net	37.8	-	7.1	30.7
31-Dec-13	$                         63.6	$                          9.7	$                         22.9	$                         31.0
Change in Unrealized Gains (Losses) for Investments still held at December 31, 2013	$                           1.0	$                         (0.8)	$                           1.8	$                               -
Contributions
The Company’s policy is to make contributions so that they exceed the minimum required by laws and regulations, are consistent with the Company’s objective of ensuring sufficient funds to finance future retirement benefits and are tax deductible. CIT currently expects to contribute $22.0 million to the U.S. Retirement Plan during 2014.  For all other plans, CIT currently expects to contribute $10.0 million during 2014.
Estimated Future Benefit Payments
The following table depicts benefits projected to be paid from plan assets or from the Company’s general assets calculated using current actuarial assumptions. Actual benefit payments may differ from projected benefit payments.
Projected Benefits (dollars in millions)
For the years ended December 31,	Retirement Benefits	Gross Postretirement Benefits	Medicare Subsidy
2014	26.3	3.5	0.4
2015	26.4	3.4	0.4
2016	26.3	3.3	0.4
2017	25.9	3.3	0.4
2018	26.5	3.2	0.5
2019-2023	136.1	14.1	1.2
Savings Incentive Plan
CIT has a number of defined contribution retirement plans covering certain of its U.S. and non-U.S. employees designed in accordance with conditions and practices in the respective countries. The U.S. plan, which qualifies under section 401(k) of the Internal Revenue Code, is the largest and accounts for 87% of the Company’s total defined contribution retirement expense for the year ended December 31, 2013. Generally, employees may contribute a portion of their eligible compensation, as defined, subject to regulatory limits and plan provisions, and the Company matches these contributions up to a threshold. On October 16, 2012, the Board of Directors of the Company approved plan enhancements which provide participants with additional company contributions in the plan effective January 1, 2013.  The cost of these plans totaled  $24.9 million, $16.9 million and $15.1 million for the years ended December 31, 2013, 2012, and 2011, respectively.
Stock-Based Compensation
In December 2009, the Company adopted the Amended and Restated CIT Group Inc. Long-Term Incentive Plan (the “LTIP”), which provides for grants of stock-based awards to employees, executive officers and directors, and replaced the Predecessor CIT Group Inc. Long-Term Incentive Plan (the “Prior Plan”). The number of shares of common stock that may be issued for all purposes under the LTIP is 10,526,316.
Compensation expense related to equity-based awards are measured and recorded in accordance with ASC 718,  Stock Compensation.  The fair value of equity-based and stock purchase equity awards are measured at the date of grant using a Black-Scholes option pricing model, and the fair value of restricted stock and unit awards is based on the fair market value of CIT’s common stock on the date of grant. Compensation expense is recognized over the vesting period (requisite service period), which is generally three years for stock options and restricted stock/units, under the graded vesting method, whereby each vesting tranche of the award is amortized separately as if each were a separate award. Valuation assumptions for new equity awards are established at the start of each fiscal year.
Operating expenses includes $52.5 million of compensation expense related to equity-based awards granted to employees or members of the Board of Directors for the year ended December 31, 2013, including $52.3 million related to restricted and retention stock and unit awards and the remaining related to stock purchases.    Compensation expense related to equity-based awards included $41.9 million in 2012 and $24.8 million in 2011, respectively.
Stock Options
Stock options were not significant and no stock options were granted during 2013, 2012 and 2011.
Employee Stock Purchase Plan
In December 2010, the Company adopted the CIT Group Inc. 2011 Employee Stock Purchase Plan (the “ESPP”), which was approved by shareholders in May 2011.  Eligibility for participation in the ESPP includes employees of CIT and its participating subsidiaries who are customarily employed for at least 20 hours per week, except that any employees designated as highly compensated are not eligible to participate in the ESPP. The ESPP is available to employees in the United States and to certain international employees. Under the ESPP, CIT is authorized to issue up to 2,000,000 shares of common stock to eligible employees. Eligible employees can choose to have between 1% and 10% of their base salary withheld to purchase shares quarterly, at a purchase price equal to 85% of the fair market value of CIT common stock on the last business day of the quarterly offering period. The amount of common stock that may be purchased by a participant through the ESPP is generally limited to $25,000 per year. A total of 25,490 and 29,609 shares were purchased under the plan in 2013 and 2012, respectively.
Restricted Stock / Performance Units
Under the LTIP, Restricted Stock Units (“RSUs”) are awarded at no cost to the recipient upon grant.  RSUs are generally granted annually at the discretion of the Company, but may also be granted during the year to new hires or for retention or other purposes.  RSUs granted to employees and restricted stock granted to members of the Board during 2013 and 2012 generally were scheduled to vest either one third per year for three years or 100% after three years. Certain vested stock awards were scheduled to remain subject to transfer restrictions through the first anniversary of the grant date for members of the Board who elected to receive stock in lieu of cash compensation for their retainer.  Vested stock salary awards granted to a limited number of executives were scheduled to remain subject to transfer restrictions through the first and/or third anniversaries of the grant date.  Certain RSUs granted to directors, and in limited instances to employees, are designed to settle in cash and are accounted for as “liability” awards as prescribed by ASC 718. The values of these cash-settled RSUs are re-measured at the end of each reporting period until the award is settled.
During 2013 and 2012, Performance Stock Units (“PSUs”) were awarded to certain senior executives.  The awards become payable only if CIT achieves certain growth and margin targets over a three-year performance period.  PSU share payouts may increase or decrease from the target grant based on performance against these pre-established performance measures, with the actual number of shares ranging from 0% to a maximum of 150% of the target grant for PSUs granted in 2013, and a maximum of 200% of the target grant for PSUs granted in 2012.  Both performance measures have a minimum threshold level of performance that must be achieved to trigger any payout; if the threshold level of performance is not achieved for either performance measure, then no portion of the PSU target will be payable.  Achievement against either performance measures is calculated independently of the other performance measure and each measure is weighted equally.
The fair value of restricted stock and RSUs that vested and settled in stock during 2013 and 2012 was $38.6 million and $10.8 million, respectively. The fair value of RSUs that vested and settled in cash during 2013 and 2012 was $0.4 million in both periods.
The following tables summarize restricted stock and RSU activity for 2013 and 2012:
Stock and Cash-Settled Awards Outstanding	Stock-Settled Awards		Cash-Settled Awards
31-Dec-13	Number of Shares	Weighted Average Grant Date Value	Number of Shares	Weighted Average Grant Date Value
Unvested at beginning of period	1,883,292	$                    40.15	9,677	$                      39.56
Vested / unsettled Stock Salary at beginning of period	114,119	38.20	3,247	39.05
PSUs - granted to employees	111,046	42.55	-	-
RSUs - granted to employees	1,015,861	42.76	-	-
RSUs - granted to directors	23,551	44.27	2,549	44.14
Forfeited / cancelled	-40,697	41.62	-	-
Vested / settled awards	-872,643	39.81	-7,800	39.31
Vested / unsettled Stock Salary Awards	-15,066	41.46	-2,165	39.05
Unvested at end of period	2,219,463	$                    41.51	5,508	$                      41.93
31-Dec-12
Unvested at beginning of period	979,393	$                    42.40	13,964	$                      40.12
Vested / unsettled Stock Salary at beginning of period	72,238	39.27	-	-
PSUs - granted to employees	106,511	41.31	-	-
RSUs - granted to employees	1,130,494	38.90	8,117	39.05
RSUs - granted to directors	30,409	35.84	1,815	35.80
Forfeited / cancelled	-56,735	40.28	-	-
Vested / settled awards	-264,899	43.68	-10,972	39.42
Vested / unsettled Stock Salary Awards	-114,119	38.20	-3,247	39.05
Unvested at end of period	1,883,292	$                    40.15	9,677	$                      39.56

Commitments

Commitments	12 Months Ended
	Dec. 31, 2013
Commitments [Abstract]	'
Commitments	'
	NOTE 20 — COMMITMENTS
	The accompanying table summarizes credit-related commitments, as well as purchase and funding commitments:
	Commitments (dollars in millions)
		31-Dec-13			December 31,
		Due to Expire			2012
		Within	After	Total	Total
		One Year	One Year	Outstanding	Outstanding
	Financing Commitments
	Financing and leasing assets	$                 799.7	$               3,526.1	$            4,325.8	$                 3,301.2
	Letters of credit
	Standby letters of credit	36.8	265.5	302.3	238.5
	Other letters of credit	35.9	-	35.9	53.6
	Guarantees
	Deferred purchase credit protection agreements	1,771.6	-	1,771.6	1,841.5
	Guarantees, acceptances and other recourse obligations	3.9	-	3.9	17.4
	Purchase and Funding Commitments
	Aerospace manufacturer purchase commitments	729.3	8,015.2	8,744.5	9,168.3
	Rail and other manufacturer purchase commitments	648.9	405.1	1,054.0	927.4
	Commercial loan portfolio purchase commitment	-	-	-	1,258.3
	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 table 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 $548 million at December 31, 2013 and $325 million at December 31, 2012. 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 $157 million at December 31, 2013. As financing commitments may not be fully drawn, may expire unused, may be reduced or cancelled at the customer’s request, and 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 $0.9 billion of undrawn financing commitments at December 31, 2013 and $0.6 billion at December 31, 2012 for instances where the customer is not in compliance with contractual obligations, and therefore CIT does not have the contractual obligation to lend.
	At December 31, 2013, 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.
	Deferred Purchase Agreements
	A Deferred Purchase Agreement (“DPA”) is provided in conjunction with 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 $1,690 million of DPA credit protection at December 31, 2013, 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 $82 million available under DPA credit line agreements, net of amount of DPA credit protection provided at December 31, 2013. 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 $6.0 million and $5.6 million at December 31, 2013 and December 31, 2012, respectively.
	Purchase and Funding Commitments
	CIT’s 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”). CIT may also commit to purchase an aircraft directly from an airline. 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, 147 aircraft remain to be purchased from Airbus, Boeing and Embraer at December 31, 2013. 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. At December 31, 2013, approximately 7,500 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 vendor purchase commitments primarily relate to Equipment Finance.
	The prior year amount includes $1.3 billion related to December 2012 agreement to acquire commercial loan commitments.

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2013
Contingencies [Abstract]	'
Contingencies	'
	NOTE 21 — 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 December 31, 2013. 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.
	Tyco Tax Agreement
	In connection with the Company’s separation from Tyco International Ltd (“Tyco”) in 2002, CIT and Tyco entered into a Tax Agreement pursuant to which, among other things, CIT agreed to pay Tyco for tax savings actually realized by CIT, if any, as a result of the use of certain net operating losses arising during the period that Tyco owned CIT (the “Tyco Tax Attribute”), which savings would not have been realized absent the existence of the Tyco Tax Attribute. During CIT’s bankruptcy, CIT rejected the Tax Agreement.  Tyco filed a Notice of Arbitration during the second quarter of 2011, seeking arbitration of its alleged contractual damages resulting from rejection of the Tax Agreement. The arbitration hearing was scheduled to begin in December 2013.  In November 2013, the parties engaged in a mediation and settlement negotiations resulting in a settlement of the matter.  Pursuant to the settlement, CIT paid Tyco $60 million in December 2013 and Tyco released all claims that it had with respect to the federal Tyco Tax Attribute, which could have been as much as approximately $794 million and the state Tyco Tax Attribute which could have been as much as approximately $180 million. The settlement has been fully consummated and the matter is resolved.
	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 twenty 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. The Company has joined a motion to move these cases 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.
	BRAZILIAN TAX MATTERS
	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 Cascavale 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 $350 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: (i) 79 million Reais (approximately $34 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 $1.6 million).
	The current potential aggregate exposure in taxes, fines and interest for the ISS and the ICMS tax matters could be up to approximately 84 million Reais (approximately $36 million).

Pledged_Assets_And_Lease_Commi

Pledged Assets And Lease Commitments	12 Months Ended
	Dec. 31, 2013
Pledged Assets And Lease Commitments [Abstract]	'
Pledged Assets And Lease Commitments	'
	NOTE 22 — PLEDGED ASSETS AND LEASE COMMITMENTS
	Pledged Assets
	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. Our financing transactions do not meet accounting requirements for sale treatment and are recorded as secured borrowings, with the assets remaining on-balance sheet for GAAP. The debt associated with these transactions is collateralized by receivables, leases and/or equipment. Certain related cash balances are restricted. The amounts that follow reflect pledged assets associated with secured financing transactions, which include pledged assets related to variable interest entities (“VIEs”) and borrowings from the FHLB. We do not have outstanding borrowings with the FRB. See Note 9 – Long Term Borrowings for associated debt balances.
	At December 31, 2013 (including the discontinued operation) we had pledged assets of $15.3 billion, which included $9.4 billion of loans (including amounts held for sale), $4.8 billion of operating lease assets, $1.0 billion of cash and $0.1 billion of investment securities.
	Lease Commitments
	The following table presents future minimum rental payments under non-cancellable long-term lease agreements for premises and equipment at December 31, 2013:
	Future Minimum Rentals     (dollars in millions)
	Years Ended December 31,
	2014	$                           31.6
	2015	29.5
	2016	26.8
	2017	23.1
	2018	22.4
	Thereafter	53.2
	Total	$                         186.6
	In addition to fixed lease rentals, leases generally require payment of maintenance expenses and real estate taxes, both of which are subject to escalation provisions. Minimum payments include $85.3 million ($13.1 million for 2014) which will be recorded against the facility exiting liability when paid and therefore will not be recorded as rental expense in future periods.  Minimum payments have not been reduced by minimum sublease rentals of $63.6 million due in the future under non-cancellable subleases which will be recorded against the facility exiting liability when received.  See Note 26 – “Severance and Facility Exiting Liabilities” for the liability related to closing facilities.
	Rental expense for premises, net of sublease income (including restructuring charges from exiting office space), and equipment, was as follows.
			Years Ended December 31,
	(dollars in millions)		2013	2012	2011
	Premises		$                           19.0	$                           19.8	$                           22.7
	Equipment		3.0	2.9	2.7
	Total		$                           22.0	$                           22.7	$                           25.4

Certain_Relationships_And_Rela

Certain Relationships And Related Transactions	12 Months Ended
	Dec. 31, 2013
Certain Relationships And Related Transactions [Abstract]	'
Certain Relationships And Related Transactions	'
	NOTE 23 — CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
	CIT invests in various trusts, partnerships, and limited liability corporations established in conjunction with structured financing transactions of equipment, power and infrastructure projects. CIT’s interests in these entities were entered into in the ordinary course of business. Other assets included approximately $65 million and $69 million at December 31, 2013 and 2012, respectively, of investments in non-consolidated entities relating to such transactions that are accounted for under the equity or cost methods.
	The combination of investments in and loans to non-consolidated entities represents the Company’s maximum exposure to loss, as the Company does not provide guarantees or other forms of indemnification to non-consolidated entities.
	Certain shareholders of CIT provide investment management, banking and investment banking services in the normal course of business.

Business_Segment_Information

Business Segment Information	12 Months Ended
	Dec. 31, 2013
Business Segment Information [Abstract]	'
Business Segment Information	'
	NOTE 24 — BUSINESS SEGMENT INFORMATION
	Management’s Policy in Identifying Reportable Segments
	CIT’s reportable segments are comprised of divisions 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”).
	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.
	NSP consists of portfolios that were determined to be subscale or no longer part of our long-term strategy.  NSP is primarily comprised of international portfolios, including certain portfolios in Latin America and Europe plus the small business lending portfolio.
	Segment Profit and Assets
	Certain activities are not attributed to operating segments and are included in Corporate & Other.  Some of the more significant items include loss on debt extinguishments, costs associated with excess cash liquidity (Interest Expense), mark-to-market adjustments on non-qualifying derivatives (Other Income) and restructuring charges for severance and facilities exit activities (Operating Expenses).  In 2011, Corporate and Other also included prepayment penalties associated with debt repayments (Interest Expense).
	Segment Pretax Income (Loss) (dollars in millions)
		Transportation & International Finance	North American Commerical Finance	Non-Strategic Portfolios	Corporate & Other	Total CIT
	For the year ended December 31, 2013
	Interest income	$                                               254.9	$                                                     828.6	$                                                  157.2	$                                                  14.5	$                                      1,255.2
	Interest expense	-585.5	-284.3	-130.2	-60.9	-1,060.90
	Provision for credit losses	-18.7	-35.5	-10.8	0.1	-64.9
	Rental income on operating leases	1,682.4	104.0	111.0	-	1,897.4
	Other income	82.2	306.5	-14.6	7.2	381.3
	Depreciation on operating lease equipment	-433.3	-75.1	-32.2	-	-540.6
	Maintenance and other operating lease expenses	-163	-	-0.1	-	-163.1
	Operating expenses	-255.3	-479.5	-143.1	-92.3	-970.2
	Income (loss) from continuing operations before (provision) benefit for income taxes	$                                      563.7	$                                            364.7	$                                         (62.8)	$                                      (131.4)	$                                 734.2
	Select Period End Balances
	Loans	$                                            3,494.4	$                                                14,693.1	$                                                  441.7	$                                                        -	$                                    18,629.2
	Credit balances of factoring clients	-	-1,336.10	-	-	-1,336.10
	Assets held for sale	158.5	38.2	806.7	-	1,003.4
	Operating lease equipment, net	12,778.5	240.5	16.4	-	13,035.4
	For the year ended December 31, 2012
	Interest income	$                                               218.2	$                                                     976.5	$                                                  180.3	$                                                  19.0	$                                      1,394.0
	Interest expense	-1,331.50	-750.9	-262.4	-320.9	-2,665.70
	Provision for credit losses	-14.5	-44	7.3	-0.2	-51.4
	Rental income on operating leases	1,666.3	99.4	135.1	-	1,900.8
	Other income	65.8	555.2	-9.1	2.8	614.7
	Depreciation on operating lease equipment	-410.9	-71.9	-30.4	-	-513.2
	Maintenance and other operating lease expenses	-139.3	-	-0.1	-	-139.4
	Operating expenses	-220.3	-497	-145.7	-31	-894
	Loss on debt extinguishments	-	-	-	-61.2	-61.2
	Income (loss) from continuing operations before (provision) benefit for income taxes	$                                     (166.2)	$                                            267.3	$                                       (125.0)	$                                      (391.5)	$                                (415.4)
	Select Period End Balances
	Loans	$                                            2,556.5	$                                                13,084.4	$                                               1,512.2	$                                                        -	$                                    17,153.1
	Credit balances of factoring clients	-	-1,256.50	-	-	-1,256.50
	Assets held for sale	173.6	42.1	429.1	-	644.8
	Operating lease equipment, net	12,178.0	150.9	82.8	-	12,411.7
	For the year ended December 31, 2011
	Interest income	$                                               236.1	$                                                   1,460.9	$                                                  254.1	$                                                  20.8	$                                      1,971.9
	Interest expense	-965.8	-954.3	-258.4	-325.7	-2,504.20
	Provision for credit losses	-20.5	-228.4	-20.8	-	-269.7
	Rental income on operating leases	1,514.3	101.2	170.1	-	1,785.6
	Other income	118.4	725.2	108.0	2.6	954.2
	Depreciation on operating lease equipment	-363.1	-98.3	-77.2	-	-538.6
	Maintenance and other operating lease expenses	-157.8	-	-		-157.8
	Operating expenses	-198	-448.5	-170.1	-44.1	-860.7
	Loss on debt extinguishments	-	-	-	-134.8	-134.8
	Income (loss) from continuing operations before (provision) benefit for income taxes	$                                      163.6	$                                             557.8	$                                             5.7	$                                      (481.2)	$                                 245.9
	Select Period End Balances
	Loans	$                                            1,848.1	$                                                 11,894.7	$                                               1,483.0	$                                                        -	$                                    15,225.8
	Credit balances of factoring clients	-	-1,225.50	-	-	-1,225.50
	Assets held for sale	84.0	186.6	410.1	-	680.7
	Operating lease equipment, net	11,770.7	169.4	66.3	-	12,006.4
	Geographic Information
	The following table presents information by major geographic region based upon the location of the Company’s legal entities.
	Geographic Regions (dollars in millions)
		Total Assets (3)	Total Revenue from continuing operations	Income (loss) from continuing operations before provision for income taxes	Income (loss) from continuing operations before attribution of noncontrolling interests
U.S. (3)	2013	$                              34,121.0	$                                       2,201.7	$                                       374.2	$                                           354.6
	2012	30,829.1	2,464.2	-1,004.30	-1,046.10
	2011	32,338.3	2,910.4	-593	-618.4
Europe	2013	$                                7,679.6	$                                          807.4	$                                       167.3	$                                           121.5
	2012	7,274.9	822.7	224.7	195.4
	2011	6,938.2	897.6	238.8	196.3
Other foreign (1) (2)	2013	$                                5,338.4	$                                          524.8	$                                       192.7	$                                           174.2
	2012	5,908.0	622.6	364.2	318.6
	2011	5,986.9	903.7	600.1	511.0
Total consolidated	2013	$                              47,139.0	$                                       3,533.9	$                                       734.2	$                                           650.3
	2012	44,012.0	3,909.5	-415.4	-532.1
	2011	45,263.4	4,711.7	245.9	88.9
	-1		Includes Canada region results which had income before income taxes of $79.5 million in 2013, $164.3 million in 2012 and $257.7 million in 2011 and income before noncontrolling interests of $69.2 million in 2013, $112.0 million in 2012 and $207.0 million in 2011.
	-2		Includes Caribbean region results which had income before income taxes of $49.6 million in 2013, $203.5 million in 2012 and $230.4 million in 2011 and income before noncontrolling interests of $50.4 million in 2013, $199.7 million in 2012 and $228.2 million in 2011.
	-3		Includes Assets of discontinued operation of $3,821.4 million at December 31, 2013, $4,202.6 million at December 31, 2012, and $7,021.9 million at December 31, 2011.  The Assets of discontinued operation are in the U.S.

Goodwill_And_Intangible_Assets

Goodwill And Intangible Assets	12 Months Ended
	Dec. 31, 2013
Goodwill And Intangible Assets [Abstract]	'
Goodwill And Intangible Assets	'
	NOTE 25 — GOODWILL AND INTANGIBLE ASSETS
	The following tables summarize goodwill and intangible assets, net balances by segment:
	Goodwill (dollars in millions)
		Transportation & International Finance	North American Commercial Finance	Non-Strategic Portfolios	Total
	31-Dec-11	$                    183.1	$                 151.5	$                  11.3	$                345.9
	31-Dec-12	183.1	151.5	11.3	345.9
	Activity	-	-	-11.3	-11.3
	31-Dec-13	$                    183.1	$                 151.5	$                       -	$                334.6
	Goodwill was 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. Goodwill was allocated to the Company’s TIF, NACF and NSP segments based on the respective segment’s estimated fair value of equity. Goodwill is assigned to a segment (or “reporting unit”) at the date the goodwill is initially recorded. 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. The activity in NSP reflected the allocated amounts to non-U.S. portfolios that were either sold during the year or included in assets held for sale at December 31, 2013.
	The Company periodically reviews and evaluates its goodwill and intangible assets for potential impairment. In 2013, CIT performed Step 1 goodwill impairment testing utilizing estimated fair value based on peer price to earnings (PE) and tangible book value (TBV) multiples applicable to the segments. Management concluded, based on performing the Step 1 analysis, that the fair values of each of the reporting units exceeded their respective carrying values, including goodwill. As the results of the first step test showed no indication of impairment in any of the reporting units, the Company did not perform the second step of the impairment test for any of the reporting units.
	For TIF and NACF, Step 1 of goodwill impairment testing was completed by comparing the segments’ estimated fair value with their carrying values, including goodwill as of December 31, 2012. The Company concluded that for TIF and NACF, fair value was in excess of carrying value, including goodwill. For the purposes of this first step impairment analysis, the Company primarily utilized valuation multiples for publicly traded companies comparable to its reporting segments to determine the fair market value of its reporting units. As the results of the impairment assessment and first step test showed no indication of impairment in either of the reporting units, the Company did not perform the second step of the impairment test for either of the reporting units.
	Intangible Assets   (dollars in millions)
		Transportation & International Finance
	31-Dec-11	$                      63.6
	Amortization	-24.8
	Activity	-6.9
	31-Dec-12	31.9
	Amortization	-11.6
	31-Dec-13	$                      20.3
	The TIF intangible assets recorded in conjunction with FSA is comprised of amounts related to favorable (above current market rates) operating leases. The net intangible asset will be amortized as an offset to rental income over the remaining life of the leases, generally 5 years or less.
	Accumulated amortization totaled $198.3 million at December 31, 2013. Projected amortization for the years ended December 31, 2014 through December 31, 2018 is approximately $7.5 million, $5.3 million, $2.8 million, $1.0 million,  and $1.2 million, respectively.

Severance_And_Facility_Exiting

Severance And Facility Exiting Reserves	12 Months Ended
	Dec. 31, 2013
Severance And Facility Exiting Reserves [Abstract]	'
Severance And Facility Exiting Reserves	'
	NOTE 26 — SEVERANCE AND FACILITY EXITING LIABILITIES
	The following table summarizes liabilities (pre-tax) related to closing facilities and employee severance:
	Severance and Facility Exiting Liabilities (dollars in millions)
		Severance		Facilities
		Number of Employees	Liability	Number of Facilities	Liability	Total Liabilities
	December 31. 2011	79	$                  3.5	19	$                   44.8	$                              48.3
	Additions and adjustments	193	20.5	5	3.4	23.9
	Utilization	-209	-16.7	-8	-9.4	-26.1
	December 31. 2012	63	7.3	16	38.8	46.1
	Additions and adjustments	274	33.4	3	3.7	37.1
	Utilization	-212	-23	-3	-9.2	-32.2
	31-Dec-13	125	$                17.7	16	$                   33.3	$                              51.0
	CIT continued to implement various organization efficiency and cost reduction initiatives, such as our international rationalization activities.  The severance additions primarily relate to employee termination benefits incurred in conjunction with these initiatives. The facility additions primarily relate to location closings and consolidations in connection with these initiatives.  These additions, along with charges related to accelerated vesting of equity and other benefits, were recorded as part of the $36.9 million and $22.7 million provisions for the years ended December 31, 2013 and 2012, respectively.

Parent_Company_Financial_State

Parent Company Financial Statements	12 Months Ended
	Dec. 31, 2013
Parent Company Financial Statements [Abstract]	'
Parent Company Financial Statements	'
	NOTE 27 — PARENT COMPANY FINANCIAL STATEMENTS
	The following tables present the Parent Company only financial statements.
	Condensed Parent Company Only Balance Sheet (dollars in millions)
		December 31,	December 31,
		2013	2012
	Assets:
	Cash and deposits	$                 1,533.5	$                  1,307.4
	Cash held at bank subsidiary	62.0	15.2
	Investment securities	2,096.6	750.3
	Receivables from nonbank subsidiaries	12,871.1	15,197.9
	Receivables from bank subsidiaries	5.6	15.6
	Investment in nonbank subsidiaries	6,533.4	6,547.2
	Investment in bank subsidiaries	2,599.6	2,437.2
	Goodwill	334.6	345.9
	Other assets	853.2	547.7
	Total Assets	$               26,889.6	$                27,164.4
	Liabilities and Equity:
	Long-term borrowings	$               12,531.6	$                11,822.6
	Liabilities to nonbank subsidiaries	4,840.9	6,386.8
	Other liabilities	678.3	620.2
	Total Liabilities	18,050.8	18,829.6
	Total Stockholders’ Equity	8,838.8	8,334.8
	Total Liabilities and Equity	$               26,889.6	$                27,164.4
	Condensed Parent Company Only Statements of Operations and Comprehensive Income (dollars in millions)
		Years Ended December 31,
		2013	2012	2011
	Income
	Interest income from nonbank subsidiaries	$                    636.6	$                    737.6	$                  730.0
	Interest and dividends on interest bearing deposits and investments	2.0	2.6	3.2
	Dividends from nonbank subsidiaries	551.1	834.0	-
	Other income from subsidiaries	50.8	181.0	413.7
	Other income	-4.6	-37.7	47.8
	Total income	1,235.9	1,717.5	1,194.7
	Expenses
	Interest expense	-686.9	-2,345.90	-2,141.50
	Interest expense on liabilities to subsidiaries	-199.6	-293.6	-568.1
	Other expenses	-220.4	-242.3	-420.4
	Total expenses	-1,106.90	-2,881.80	-3,130.00
	Income (loss) before income taxes and equity in undistributed net income of subsidiaries	129.0	-1,164.30	-1,935.30
	Benefit for income taxes	367.9	482.2	656.6
	Income (loss) before equity in undistributed net income of subsidiaries	496.9	-682.1	-1,278.70
	Equity in undistributed net income of bank subsidiaries	95.9	41.3	67.2
	Equity in undistributed net income of nonbank subsidiaries	82.9	48.5	1,226.3
	Net income (loss)	675.7	-592.3	14.8
	Other Comprehensive income (loss), net of tax	4.1	4.9	-81.5
	Comprehensive income (loss)	$                    679.8	$                  (587.4)	$                 (66.7)
	Condensed Parent Company Only Statements of Cash Flows (dollars in millions)
		Years Ended December 31,
		2013	2012	2011
	Cash Flows From Operating Activities:
	Net income (loss)	$                    675.7	$                  (592.3)	$                   14.8
	Equity in undistributed (earnings) losses of subsidiaries	-178.8	-89.8	-1,293.50
	Other operating activities, net	-88.2	1,524.3	2,704.1
	Net cash flows provided by operations	408.7	842.2	1,425.4
	Cash Flows From Investing Activities:
	Decrease (Increase) in investments and advances to subsidiaries	21.0	4,053.1	17,291.2
	(Increase) decrease in Investment securities	-1,346.20	89.1	-839.4
	Net cash flows (used in) provided by investing activities	-1,325.20	4,142.2	16,451.8
	Cash Flows From Financing Activities:
	Proceeds from the issuance of term debt	735.2	9,750.0	2,000.0
	Repayments of term debt	-60.5	-15,239.80	-6,020.60
	Repurchase of common stock	-193.4	-	-
	Dividends paid	-20.1	-	-
Net change in liabilities to subsidiaries	728.2	-1,139.50	-13,614.70
Net cash flows provided by (used in) financing activities	1,189.4	-6,629.30	-17,635.30
Net increase (decrease) in unrestricted cash and cash equivalents	272.9	-1,644.90	241.9
Unrestricted cash and cash equivalents, beginning of period	1,322.6	2,967.5	2,725.6
Unrestricted cash and cash equivalents, end of period	$                 1,595.5	$                 1,322.6	$              2,967.5

Selected_Quarterly_Financial_D

Selected Quarterly Financial Data	12 Months Ended
	Dec. 31, 2013
Selected Quarterly Financial Data [Abstract]	'
Selected Quarterly Financial Data	'
	NOTE 28 — SELECTED QUARTERLY FINANCIAL DATA
	The following data has been adjusted for discontinued operation presentation and the classification of railcar maintenance expenses. Management determined that railcar maintenance expenses, which had reduced “Rental income on operating leases”, should be reflected as a separate line item.
	Selected Quarterly Financial Data (dollars in millions)
		Unaudited
		Fourth Quarter			Third Quarter			Second Quarter			First Quarter
		As			As			As			As
		Reported	Adjustments	Adjusted	Reported	Adjustments	Adjusted	Reported	Adjustments	Adjusted	Reported	Adjustments	Adjusted
	For the year ended December 31, 2013
	Interest income	$           338.0	$             (30.8)	$            307.2	$            337.4	$                   (31.0)	$              306.4	$             351.6	$                      (32.5)	$                     319.1	$                     355.8	$                      (33.3)	$                     322.5
	Interest expense	-286.7	19.2	-267.5	-278	21.3	-256.7	-281.4	18.8	-262.6	-291.9	17.8	-274.1
	Provision for credit losses	-14.4	-	-14.4	-16.4	-	-16.4	-14.6	-	-14.6	-19.5	-	-19.5
	Rental income on operating leases	431.9	31.9	463.8	441.1	31.8	472.9	452.4	31.9	484.3	444.9	31.5	476.4
	Other income	127.9	-0.3	127.6	104.8	-0.3	104.5	79.3	-0.1	79.2	70.1	-0.1	70.0
	Depreciation on operating lease equipment	-145.9	6.4	-139.5	-143	8.8	-134.2	-141.3	7.7	-133.6	-143.3	10.0	-133.3
	Maintenance and other operating lease expenses	-	-39	-39	-	-41.4	-41.4	-	-40.3	-40.3	-	-42.4	-42.4
	Operating expenses	-287.5	3.1	-284.4	-232.2	3.4	-228.8	-229.7	3.6	-226.1	-235.3	4.4	-230.9
	Provision for income taxes	-31.2	2.6	-28.6	-13.9	0.7	-13.2	-32.2	2.9	-29.3	-15.2	2.4	-12.8
	Noncontrolling interests, after tax	-2.2	-	-2.2	-0.2	-	-0.2	-0.5	-	-0.5	-3	-	-3
	Income (loss) from discontinued operation	-	6.9	6.9	-	6.7	6.7	-	8.0	8.0	-	9.7	9.7
	Net income	$           129.9	$               (0.0)	$            129.9	$            199.6	$                     (0.0)	$              199.6	$             183.6	$                         0.0	$                     183.6	$                     162.6	$                        (0.0)	$                     162.6
	Net income per diluted share	$             0.65	$                    -	$              0.65	$              0.99	$                          -	$                0.99	$               0.91	$                             -	$                       0.91	$                       0.81	$                             -	$                       0.81
	For the year ended December 31, 2012
	Interest income	$           357.0	$             (35.2)	$            321.8	$            375.5	$                   (44.2)	$              331.3	$             410.3	$                      (47.1)	$                     363.2	$                     426.3	$                      (48.6)	$                     377.7
	Interest expense	-366.6	96.8	-269.8	-816	43.1	-772.9	-634.2	26.4	-607.8	-1,080.60	65.4	-1,015.20
	Provision for credit losses	-0.1	0.1	-	-	-	-	-8.9	-	-8.9	-42.6	0.1	-42.5
	Rental income on operating leases	452.0	28.3	480.3	445.8	29.3	475.1	446.2	29.3	475.5	440.6	29.3	469.9
	Other income	171.7	-19.3	152.4	86.7	-1.1	85.6	139.4	-16.3	123.1	255.3	-1.7	253.6
	Depreciation on operating lease equipment	-130.3	2.8	-127.5	-134.5	8.0	-126.5	-130.8	5.5	-125.3	-137.6	3.7	-133.9
	Maintenance and other operating lease expenses	-	-31.9	-31.9	-	-38.1	-38.1	-	-35.6	-35.6	-	-33.8	-33.8
	Operating expenses	-231.9	5.1	-226.8	-235.2	6.1	-229.1	-226.8	6.0	-220.8	-224.3	7.0	-217.3
	Loss on debt extinguishments	-	-	-	-16.8	-	-16.8	-21.5	-	-21.5	-22.9	-	-22.9
	Provision for income taxes	-44.2	7.2	-37	-3.9	1.2	-2.7	-45.4	6.9	-38.5	-40.3	1.8	-38.5
	Noncontrolling interests, after tax	-0.8	-	-0.8	-0.8	-	-0.8	-1.2	-	-1.2	-0.9	-	-0.9
	Income (loss) from discontinued operation	-	-53.9	-53.9	-	-4.3	-4.3	-	24.9	24.9	-	-23.2	-23.2
	Net income (loss)	$           206.8	$               (0.0)	$            206.8	$          (299.2)	$                      0.0	$             (299.2)	$              (72.9)	$                         0.0	$                      (72.9)	$                    (427.0)	$                        (0.0)	$                    (427.0)
	Net income (loss) per diluted share	$             1.03	$                    -	$              1.03	$            (1.49)	$                          -	$               (1.49)	$              (0.36)	$                             -	$                      (0.36)	$                      (2.13)	$                             -	$                      (2.13)

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	NOTE 29 – SUBSEQUENT EVENTS
	Unsecured Debt Issuance
	On February 19, 2014, CIT issued $1 billion aggregate principal amount of senior unsecured notes due 2019 (the “Notes”) that will bear interest at a per annum rate of 3.875%.
	Rail Acquisition
	On January 31, 2014, CIT acquired Paris-based Nacco SAS (Nacco), an independent full service railcar lessor in Europe. Leasing assets acquired totaled approximately $650 million, which were acquired with existing secured debt, and include more than 9,500 railcars.
	Revolving Credit Facility Amendment
	On January 27, 2014, the Revolving Credit Facility was amended 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.
	On the closing date, no amounts were drawn under the Revolving Credit Facility. However, there was approximately $0.1 billion utilized for the issuance of letters of credit.  Any amounts drawn under the facility will be used for general corporate purposes.
	The Revolving Credit Agreement 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 1.5 :1.0 depending on the Company’s long-term senior unsecured, non-credit enhanced debt rating.
	Dividend Declared and Share Repurchase Authorization
	On January 21, 2014, the Board of Directors declared a quarterly dividend of $0.10 per share payable on February 28, 2014.  On January 21, 2014, the Board of Directors approved the repurchase of up to $300 million of common stock through December 31, 2014.  In addition, the Board also approved the repurchase of an additional $7 million of common stock, the amount that was unused at the expiration of the Company’s prior share repurchase authorization.

Business_And_Summary_Of_Signif1

Business And Summary Of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2013
Business And Summary Of Significant Accounting Policies [Abstract]	'
Basis Of Financial Information	'
	Basis of Financial Information
	The accounting and financial reporting policies of CIT Group Inc. conform to generally accepted accounting principles (“GAAP”) in the United States and the preparation of the consolidated financial statements is in conformity with GAAP which 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.
Principles Of Consolidation	'
	Principles of Consolidation
	The accompanying consolidated financial statements include financial information related to CIT Group Inc. and its majority-owned subsidiaries and those variable interest entities (“VIEs”) where the Company is the primary beneficiary.
	In preparing the consolidated financial statements, all significant inter-company accounts and transactions have been eliminated.  Assets held in an agency or fiduciary capacity are not included in the consolidated financial statements.
Discontinued Operation	'
	Discontinued Operation
	On April 25, 2014, the Company completed the sale of its student lending business.  As a result, the student lending business is reported as a discontinued operation.  The business had been included in the Non-Strategic Portfolios segment and consisted of a portfolio of U.S. Government-guaranteed student loans.  The portfolio was in run-off and had been transferred to assets held for sale (“AHFS”) at the end of 2013.  See Note 2 – Discontinued Operation.
Financing And Leasing Assets	'
	Financing and Leasing Assets
	CIT extends credit to customers through a variety of financing arrangements; including term loans, revolving credit facilities, capital leases (direct finance leases) and operating leases.  The amounts outstanding on term loans, revolving credit facilities and capital leases are referred to as finance receivables.  In certain instances, we use the term “Loans” synonymously, as presented on the balance sheet. These finance receivables, when combined with Assets held for sale and Operating lease equipment, net are referred to as financing and leasing assets.
	It is CIT’s expectation that the majority of the loans and leases originated will be held for the foreseeable future or until maturity. In certain situations, for example to manage concentrations and/or credit risk or where returns no longer meet specified targets, some or all of certain exposures are sold. Loans for which the Company has the intent and ability to hold for the foreseeable future or until maturity are classified as held for investment (“HFI”). If the Company no longer has the intent or ability to hold loans for the foreseeable future, then the loans are transferred to assets held for sale (“AHFS”). Loans originated with the intent to resell are classified as AHFS.
	Loans originated and classified as HFI are recorded at amortized cost. Loan origination fees and certain direct origination costs are deferred and recognized as adjustments to interest income over the lives of the related loans. Unearned income on leases and discounts and premiums on loans purchased are amortized to interest income using the effective interest method. Direct financing leases originated and classified as HFI are recorded at the aggregate future minimum lease payments plus estimated residual values less unearned finance income.  Management performs periodic reviews of estimated residual values, with other than temporary impairment (“OTTI”) recognized in current period earnings.
	Operating lease equipment is carried at cost less accumulated depreciation. Operating lease equipment is depreciated to its estimated residual value using the straight-line method over the lease term or estimated useful life of the asset.
	In the operating lease portfolio, maintenance costs incurred that exceed maintenance funds collected for commercial aircraft are expensed if they do not provide a future economic benefit and do not extend the useful life of the aircraft. Such costs may include costs of routine aircraft operation and costs of maintenance and spare parts incurred in connection with re-leasing an aircraft and during the transition between leases. For such maintenance costs that are not capitalized, a charge is recorded in expense at the time the costs are incurred. Income recognition related to maintenance funds collected and not used during the life of the lease is deferred to the extent management estimates costs will be incurred by subsequent lessees performing scheduled maintenance. Upon the disposition of an aircraft, any excess maintenance funds that exist are recognized as Other Income.
	If it is determined that a loan should be transferred from HFI to AHFS, then the balance is transferred 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 when the carrying amount exceeds fair value and the difference relates to credit quality, otherwise the write-down is recorded as a reduction in Other Income, and any allowance for loan loss is reversed. Once classified as AHFS, the amount by which the carrying value exceeds fair value is recorded as a valuation allowance and is reflected as a reduction to Other Income.
	If it is determined that a loan should be transferred from AHFS to HFI, the loan is transferred at the lower of cost or fair value on the transfer date, which coincides with the date of change in management’s intent. The difference between the carrying value of the loan and the fair value, if lower, is reflected as a loan discount at the transfer date, which reduces its carrying value. Subsequent to the transfer, the discount is accreted into earnings as an increase to interest income over the life of the loan using the effective interest method.
Revenue Recognition	'
	Revenue Recognition
	Interest income on loans (both HFI and AHFS) and direct financing leases is recognized using the effective interest method or on a basis approximating a level rate of return over the life of the asset. Interest income includes a component of accretion of the fair value discount on loans and lease receivables recorded in connection with Fresh Start Accounting (“FSA”), which is accreted using the effective interest method as a yield adjustment over the remaining term of the loan and recorded in interest income.  See Fresh Start Accounting further in this section.
	Rental revenue on operating leases is recognized on a straight line basis over the lease term and is included in Non-interest Income. An intangible asset was recorded in FSA to adjust for carrying value of above or below market operating lease contracts to their fair value. These adjustments (net) are amortized into rental income on a straight line basis over the remaining term of the respective lease.
	The recognition of interest income (including accretion) on commercial loans and finance receivables is suspended and an account is placed on non-accrual status when, in the opinion of management, full collection of all principal and interest due is doubtful. To the extent the estimated cash flows, including fair value of collateral, does not satisfy both the principal and accrued interest outstanding, accrued but uncollected interest at the date an account is placed on non-accrual status is reversed and charged against interest income. Subsequent interest received is applied to the outstanding principal balance until such time as the account is collected, charged-off or returned to accrual status. Interest on loans or capital leases that are on cash basis non-accrual do not accrue interest income; however, payments designated by the borrower as interest payments may be recorded as interest income. To qualify for this treatment, the remaining recorded investment in the loan or capital lease must be deemed fully collectable.
	The recognition of interest income (including accretion) on certain small ticket commercial loans and lease receivables is suspended and all previously accrued but uncollected revenue is reversed, when payment of principal and/or interest is contractually delinquent for 90 days or more. Accounts, including accounts that have been modified, are returned to accrual status when, in the opinion of management, collection of remaining principal and interest is reasonably assured, and upon collection of six consecutive scheduled payments.
	The Company periodically modifies the terms of finance receivables in response to borrowers’ financial difficulties. These modifications may include interest rate changes, principal forgiveness or payment deferments. The finance receivables that are modified, where a concession has been made to the borrower, are accounted for as Troubled Debt Restructurings (“TDR’s”). TDR’s are generally placed on non-accrual upon their restructuring and remain on non-accrual until, in the opinion of management, collection of remaining principal and interest is reasonably assured, and upon collection of six consecutive scheduled payments.
Allowance for Loan Losses on Finance Receivables	'
	Allowance for Loan Losses on Finance Receivables
	The allowance for loan losses is intended to provide for credit losses inherent in the loan and lease receivables portfolio and is periodically reviewed for adequacy considering credit quality indicators, including expected and historical losses and levels of and trends in past due loans, non-performing assets and impaired loans, collateral values and economic conditions.
	The allowance for loan losses on finance receivables for CIT reflects estimated amounts for loans originated subsequent to the emergence date, and amounts required in excess of the remaining FSA discount on loans that were on the balance sheet at the emergence date. The allowance for loan losses on finance receivables originated as of or subsequent to emergence is determined based on three key components: (1) specific allowances for loans that are impaired, based upon the value of underlying collateral or projected cash flows, (2) non-specific allowances for estimated losses inherent in the portfolio based upon the expected loss over the loss emergence period projected loss levels and (3) allowances for estimated losses inherent in the portfolio based upon economic risks, industry and geographic concentrations, and other factors. Changes to the Allowance for Loan Losses are recorded in the Provision for Credit Losses.
	With respect to assets transferred from HFI to AHFS, a charge off is recognized to the extent carrying value exceeds the expected cash flows and the difference relates to credit quality.
	An approach similar to the allowance for loan losses is utilized to calculate a reserve for losses related to unfunded loan commitments and deferred purchase commitments associated with the Company’s factoring business. A reserve for unfunded loan commitments is maintained to absorb estimated probable losses related to these facilities. The adequacy of the reserve is determined based on periodic evaluations of the unfunded credit facilities, including an assessment of the probability of commitment usage, credit risk factors for loans outstanding to these same customers, and the terms and expiration dates of the unfunded credit facilities. The reserve for unfunded loan commitments is recorded as a liability on the Consolidated Balance Sheet. Net adjustments to the reserve for unfunded loan commitments are included in the provision for credit losses.
	Finance receivables are divided into the following portfolio segments, which correspond to the Company’s business segments; Transportation & International Finance (“TIF”), North American Commercial Finance (“NACF”) and Non-Strategic Portfolios (“NSP”).  Within each portfolio segment, credit risk is assessed and monitored in the following classes of loans; within TIF, Transportation Finance and International Finance, and within NACF, Corporate Finance, Equipment Finance, Real Estate Finance, and Commercial Services.  The allowance is estimated based upon the finance receivables in the respective class.
	The allowance policies described above related to specific and non-specific allowances, and the impaired finance receivables and charge-off policies that follow, are applied across the portfolio segments and loan classes. Given the nature of the Company’s business, the specific allowance is largely related to the NACF and TIF portfolio segments. The non-specific allowance, which considers the Company’s internal system of probability of default and loss severity ratings, among other factors, is applicable to all the portfolio segments.
Impaired Finance Receivables	'
	Impaired Finance Receivables
	Impaired finance receivables (including loans or capital leases) of $500 thousand or greater that are placed on non-accrual status, largely in the Corporate Finance, Commercial Services, Transportation Finance and International Finance loan classes, are subject to periodic individual review by the Company’s problem loan management (“PLM”) function. The Company excludes small-ticket loan and lease receivables, largely in  Equipment Finance and NSP, that have not been modified in a troubled debt restructuring, as well as short-term factoring receivables in Commercial Services, from its impaired finance receivables disclosures as charge-offs are typically determined and recorded for such loans beginning at 120-150 days of contractual delinquency.
	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.
Charge Off Of Finance Receivables	'
	Charge-off of Finance Receivables
	Charge-offs on loans are recorded after considering such factors as the borrower’s financial condition, the value of underlying collateral and guarantees (including recourse to dealers and manufacturers), and the status of collection activities. Such charge-offs are deducted from the carrying value of the related finance receivables. This policy is largely applicable in the Corporate Finance, Equipment Finance, Real Estate Finance,  Commercial Services and Transportation Finance loan classes. Charge-offs on certain small ticket commercial finance receivables, primarily in NSP, are recorded beginning at 120 to150 days of contractual delinquency. Charge-offs on loans originated are reflected in the provision for credit losses.  Charge-offs on loans with an FSA discount are first allocated to the respective loan’s fresh start discount, then to the extent a charge-off amount exceeds such discount, to provision for credit losses. Collections on accounts previously charged off in the post-emergence period are recorded as recoveries in the provision for credit losses. Collections on accounts previously charged off in the pre-emergence period are recorded as recoveries in other income. Collections on accounts previously charged off prior to transfer to AHFS are recorded as recoveries in other income.
Delinquent Finance Receivables	'
	Delinquent Finance Receivables
	A loan is considered past due for financial reporting purposes if default of contractual principal or interest exists for a period of 30 days or more.  Past due loans consist of both loans that are still accruing interest as well as loans on non-accrual status.
Long-Lived Assets	'
	Long-Lived Assets
	A review for impairment of long-lived assets, such as operating lease equipment, is performed at least annually or when events or changes in circumstances indicate that the carrying amount of long-lived assets may not be recoverable. Impairment of assets is determined by comparing the carrying amount to future undiscounted net cash flows expected to be generated. If an asset is impaired, the impairment is the amount by which the carrying amount exceeds the fair value of the asset. Fair value is based upon discounted cash flow analysis and available market data. Current lease rentals, as well as relevant and available market information (including third party sales for similar equipment, and published appraisal data), are considered both in determining undiscounted future cash flows when testing for the existence of impairment and in determining estimated fair value in measuring impairment. Depreciation expense is adjusted when projected fair value at the end of the lease term is below the projected book value at the end of the lease term. Assets to be disposed of are included in assets held for sale in the Consolidated Balance Sheet and reported at the lower of the carrying amount or fair value less disposal costs.
Investments	'
	Investments
	Debt and equity securities classified as “available-for-sale” (“AFS”) are carried at fair value with changes in fair value reported in accumulated other comprehensive income (“AOCI”), net of applicable income taxes. Credit- related declines in fair value that are determined to be OTTI are immediately recorded in earnings. Realized gains and losses on sales are included in Other income on a specific identification basis, and interest and dividend income on AFS securities is included in Interest and dividends on interest bearing deposits and investments.
	Debt securities classified as “held-to-maturity” (“HTM”) represent securities that the Company has both the ability and the intent to hold until maturity, and are carried at amortized cost. Interest on such securities is included in Interest and dividends on interest bearing deposits and investments.
	Debt and marketable equity security purchases and sales are recorded as of the trade date.
	Equity securities without readily determinable fair values are generally carried at cost or the equity method of accounting and periodically assessed for OTTI, with the net asset values reduced when impairment is deemed to be other-than-temporary. Equity method investments are recorded at cost, adjusted to reflect the Company’s portion of income, loss or dividend of the investee.
	Evaluating Investments for OTTI
	An unrealized loss exists when the current fair value of an individual security is less than its amortized cost basis.  Unrealized losses that are determined to be temporary in nature are recorded, net of tax, in AOCI for AFS securities, while such losses related to HTM securities are not recorded, as these investments are carried at their amortized cost.
	The Company conducts and documents periodic reviews of all securities with unrealized losses to evaluate whether the impairment is other than temporary. The Company accounts for investment impairments in accordance with ASC 320-10-35-34, Investments - Debt and Equity Securities: Recognition of an Other-Than-Temporary Impairment. Under the guidance for debt securities, OTTI is recognized in earnings for debt securities that the Company has an intent to sell or that the Company believes it is more-likely-than-not that it will be required to sell prior to the recovery of the amortized cost basis. For those securities that the Company does not intend to sell or expect to be required to sell, credit-related impairment is recognized in earnings, while the non-credit related impairment is recorded in AOCI.
	Amortized cost is defined as the original purchase cost, plus or minus any accretion or amortization of a purchase discount or premium. Regardless of the classification of the securities as AFS or HTM, the Company assesses each investment with an unrealized loss for impairment.
	Factors considered in determining whether a loss is temporary include:
		-	the length of time that fair value has been below cost;
		-	the severity of the impairment or the extent to which fair value has been below cost;
		-	the cause of the impairment and the financial condition and the near-term prospects of the issuer;
		-	activity in the market of the issuer that may indicate adverse credit conditions; and
		-	the Company’s ability and intent to hold the investment for a period of time sufficient to allow for any anticipated recovery.
	The Company’s review for impairment generally includes identification and evaluation of investments that have indications of possible impairment, in addition to:
		-	analysis of individual investments that have fair values less than amortized cost, including consideration of the length of time the investment has been in an unrealized loss position and the expected recovery period;
		-	discussion of evidential matter, including an evaluation of factors or triggers that could cause individual investments to qualify as having OTTI and those that would not support OTTI; and
		-	documentation of the results of these analyses, as required under business policies.
	For equity securities, management considers the various factors described above. If it is determined that the security’s decline in fair value (for equity securities AFS) or cost (for equity securities carried at amortized cost) is other than temporary, the security’s fair value or cost is written down, and the charge recognized in Other income.
Goodwill and Other Identified Intangibles	'
	Goodwill and Other Identified Intangibles
	The Company’s goodwill represents the excess of the reorganization equity value over the fair value of tangible and identifiable intangible assets, net of liabilities as of the emergence date.  The goodwill was assigned to reporting units at the date the goodwill was initially recorded.  Once the goodwill was assigned to the segment (or “reporting unit”) level, it no longer retained its association with a particular transaction, and all of the activities within the reporting unit, whether acquired or internally generated, are available to evaluate the value of goodwill.
	Goodwill is not amortized but it is subject to impairment testing at the reporting unit on an annual basis, or more often if events or circumstances indicate there may be impairment.  The Company follows guidance in ASU 2011-08, Intangibles – Goodwill and Other (Topic 350), Testing Goodwill for Impairment that includes the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount before performing the two-step impairment test as required in ASC 350, Intangibles – Goodwill and Other.  Examples of qualitative factors to assess include macroeconomic conditions, industry and market considerations, market changes affecting the Company’s products and services, overall financial performance, and company specific events affecting operations.
	If the Company does not perform the qualitative assessment or upon performing the qualitative assessment concludes that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, CIT would be required to perform the first step of the two-step goodwill impairment test for that reporting unit.  The first step involves comparing the fair value of the reporting unit with its carrying value, including goodwill as measured by allocated equity.  If the fair value of the reporting unit exceeds its carrying value, goodwill in that unit is not considered impaired.  However, if the carrying value exceeds its fair value, step two must be performed to assess potential impairment.  In step two, the implied fair value of the reporting unit’s goodwill (the reporting unit fair value less its carrying amount, excluding goodwill) is compared with the carrying amount of the goodwill.  An impairment loss would be recorded in the amount that the carrying amount of goodwill exceeds its implied fair value.  Reporting unit fair values are primarily estimated using discounted cash flow models.  See Note 25 for further details.
	An intangible asset was recorded in FSA for net above and below market operating lease contracts. These intangible assets are amortized on a straight line basis, resulting in lower rental income (a component of Non-interest Income) over the remaining term of the lease agreements. Management evaluates definite lived intangible assets for impairment when events and circumstances indicate that the carrying amounts of those assets may not be recoverable.
Other Assets	'
	Other Assets
	Assets received in satisfaction of loans are initially recorded at fair value and then assessed at the lower of carrying value or estimated fair value less selling costs, with write-downs of the pre-existing receivable reflected in the provision for credit losses. Additional impairment charges, if any, would be recorded in Other Income.
Derivative Financial Instruments	'
	Derivative Financial Instruments
	The Company manages economic risk and exposure to interest rate and foreign currency risk through derivative transactions in over-the-counter markets with other financial institutions. The Company does not enter into derivative financial instruments for speculative purposes.
	Derivatives utilized by the Company may include swaps, forward settlement contracts, and options contracts. A swap agreement is a contract between two parties to exchange cash flows based on specified underlying notional amounts, assets and/or indices. Forward settlement contracts are agreements to buy or sell a quantity of a financial instrument, index, currency or commodity at a predetermined future date, and rate or price. An option contract is an agreement that gives the buyer the right, but not the obligation, to buy or sell an underlying asset from or to another party at a predetermined price or rate over a specific period of time.
	The Company documents at inception all relationships between hedging instruments and hedged items, as well as the risk management objectives and strategies for undertaking various hedges. Upon executing a derivative contract, the Company designates the derivative as either a qualifying hedge or non-qualifying hedge. The designation may change based upon management’s reassessment of circumstances.
	The Company utilizes cross-currency swaps and foreign currency forward contracts to hedge net investments in foreign operations. These transactions are classified as foreign currency net investment hedges with resulting gains and losses reflected in AOCI. For hedges of foreign currency net investment positions, the “forward” method is applied whereby effectiveness is assessed and measured based on the amounts and currencies of the individual hedged net investments versus the notional amounts and underlying currencies of the derivative contract. For those hedging relationships where the critical terms of the underlying net investment  and the derivative are identical, and the credit-worthiness of the counterparty to the hedging instrument remains sound, there is an expectation of no hedge ineffectiveness so long as those conditions continue to be met.
	The Company also enters into foreign currency forward contracts to manage the foreign currency risk associated with its non US subsidiary’s funding activities and designates these as foreign currency cash flow hedges for which certain components are reflected in AOCI and others recognized in noninterest income when the underlying transaction impacts earnings.
	In addition, the company uses foreign currency forward contracts, interest rate swaps, cross currency interest rate swaps, and options to hedge interest rate and foreign currency risks arising from its asset and liability mix. These are treated as economic hedges.
	Derivative instruments that qualify for hedge accounting are presented in the balance sheet at their fair values in other assets or other liabilities. Derivatives that do not qualify for hedge accounting are presented in the balance sheet as trading assets or liabilities, with their resulting gains or losses recognized in Other Income. Fair value is based on dealer quotes, pricing models, discounted cash flow methodologies, or similar techniques for which the determination of fair value may require significant management judgment or estimation. The fair value of the derivative is reported on a gross-by-counterparty basis. Valuations of derivative assets and liabilities reflect the value of the instrument including the Company’s and counterparty’s credit risk.
	CIT is exposed to credit risk to the extent that the counterparty fails to perform under the terms of a derivative. The Company manages this credit risk by requiring that all derivative transactions be conducted with counterparties rated investment grade at the initial transaction by nationally recognized rating agencies, and by setting limits on the exposure with any individual counterparty. In addition, pursuant to the terms of the Credit Support Annexes between the Company and its counterparties, CIT may be required to post collateral or may be entitled to receive collateral in the form of cash or highly liquid securities depending on the valuation of the derivative instruments as measured on a daily basis.
Fair Value	'
	Fair Value
	CIT measures the fair value of its financial assets and liabilities in accordance with ASC 820 Fair Value Measurements, which defines fair value, establishes a consistent framework for measuring fair value and requires disclosures about fair value measurements.  The Company categorizes its financial instruments, based on the priority of inputs to the valuation techniques, according to the following three-tier fair value hierarchy:
		-	Level 1 – Quoted prices (unadjusted) in active markets for identical assets or liabilities that are accessible at the measurement date. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as certain other securities that are highly liquid and are actively traded in over-the-counter markets;
		-	Level 2 – Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes derivative contracts and certain loans held-for-sale;
		-	Level 3 – Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using valuation models, discounted cash flow methodologies or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. This category generally includes highly structured or long-term derivative contracts and structured finance securities where independent pricing information cannot be obtained for a significant portion of the underlying assets or liabilities.
Income Taxes	'
		-
	Income Taxes
	Deferred tax assets and liabilities are recognized for the expected future taxation of events that have been reflected in the Consolidated Financial Statements. Deferred tax assets and liabilities are determined based on the differences between the book values and the tax basis of particular assets and liabilities, using tax rates in effect for the years in which the differences are expected to reverse. A valuation allowance is provided to reduce the reported amount of any net deferred tax assets of a reporting entity if, based upon the relevant facts and circumstances, it is more likely than not that some or all of the deferred tax assets will not be realized.
	The Company is subject to the income tax laws of the United States, its states and municipalities and those of the foreign jurisdictions in which the Company operates. These tax laws are complex, and the manner in which they apply to the taxpayer’s facts is sometimes open to interpretation. Given these inherent complexities, the Company must make judgments in assessing the likelihood that a beneficial income tax position will be sustained upon examination by the taxing authorities based on the technical merits of the tax position. An income tax benefit is recognized only when, based on management’s judgment regarding the application of income tax laws, it is more likely than not that the tax position will be sustained upon examination. The amount of benefit recognized for financial reporting purposes is based on management’s best judgment of the most likely outcome resulting from examination given the facts, circumstances and information available at the reporting date. The Company adjusts the level of unrecognized tax benefits when there is new information available to assess the likelihood of the outcome. Liabilities for uncertain income tax positions are included in current taxes payable, which is reflected in accrued liabilities and payables. Accrued interest and penalties for unrecognized tax positions are recorded in income tax expense.
Other Comprehensive Income/Loss	'
	Other Comprehensive Income/Loss
	Other Comprehensive Income/Loss includes unrealized gains and losses, unless other than temporarily impaired, on AFS investments, foreign currency translation adjustments for both net investment in foreign operations and related derivatives designated as hedges of such investments, changes in fair values of derivative instruments designated as hedges of future cash flows and certain pension and postretirement benefit obligations, all net of tax.
Foreign Currency Translation	'
	Foreign Currency Translation
	In addition to U.S. operations, the Company has operations in Canada, Europe and other jurisdictions. 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 included in Other income.
Pension and Other Postretirement Benefits	'
	Pension and Other Postretirement Benefits
	CIT has both funded and unfunded noncontributory defined benefit pension and postretirement plans covering certain U.S. and non-U.S. employees, each of which is designed in accordance with the practices and regulations in the related countries. Recognition of the funded status of a benefit plan, which is measured as the difference between plan assets at fair value and the benefit obligation, is included in the balance sheet. The Company recognizes as a component of Other Comprehensive Income, net of tax, the net actuarial gains or losses and prior service cost or credit that arise during the period but are not recognized as components of net periodic benefit cost in the Statement of Operations.
Variable Interest Entities	'
	Variable Interest Entities
	A VIE is a corporation, partnership, limited liability company, or any other legal structure used to conduct activities or hold assets. These entities: lack sufficient equity investment at risk to permit the entity to finance its activities without additional subordinated financial support from other parties; have equity owners who either do not have voting rights or lack the ability to make significant decisions affecting the entity’s operations; and/or have equity owners that do not have an obligation to absorb the entity’s losses or the right to receive the entity’s returns.
	The Company accounts for its VIEs in accordance with Accounting Standards Update (“ASU”) No. 2009-16, Transfers and Servicing (Topic 860) - Accounting for Transfers of Financial Assets and ASU No. 2009-17, Consolidations (Topic 810) - Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities. ASU 2009-17 amended the VIEs Subsections of ASC Subtopic 810-10 to require former qualified special purpose entities to be evaluated for consolidation and also changed the approach to determining a VIE’s primary beneficiary (“PB”) and required companies to more frequently reassess whether they must consolidate VIEs. Under the new guidance, the PB is the party that has both (1) the power to direct the activities of an entity that most significantly impact the VIE’s economic performance; and (2) through its interests in the VIE, the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.
	To assess whether the Company has the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance, the Company considers all facts and circumstances, including its role in establishing the VIE and its ongoing rights and responsibilities. This assessment includes, first, identifying the activities that most significantly impact the VIE’s economic performance; and second, identifying which party, if any, has power over those activities. In general, the parties that make the most significant decisions affecting the VIE (such as asset managers, collateral managers, servicers, or owners of call options or liquidation rights over the VIE’s assets) or have the right to unilaterally remove those decision-makers are deemed to have the power to direct the activities of a VIE.
	To assess whether the Company has the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE, the Company considers all of its economic interests, including debt and equity investments, servicing fees, and derivative or other arrangements deemed to be variable interests in the VIE. This assessment requires that the Company apply judgment in determining whether these interests, in the aggregate, are considered potentially significant to the VIE. Factors considered in assessing significance include: the design of the VIE, including its capitalization structure; subordination of interests; payment priority; relative share of interests held across various classes within the VIE’s capital structure; and the reasons why the interests are held by the Company.
	The Company performs on-going reassessments of: (1) whether any entities previously evaluated under the majority voting-interest framework have become VIEs, based on certain events, and are therefore subject to the VIE consolidation framework; and (2) whether changes in the facts and circumstances regarding the Company’s involvement with a VIE cause the Company’s consolidation conclusion regarding the VIE to change.
	When in the evaluation of  its interest in each VIE it is determined that the Company is considered the primary beneficiary, the VIE’s assets, liabilities and non-controlling interests are consolidated and included in the Consolidated Financial Statements. See Note 9 — Long Term Borrowings for further details.
Noninterest Income	'
	Non-interest Income
	Non-interest income is recognized in accordance with relevant authoritative pronouncements and includes rental income on operating leases and other income.  Other income includes (1) factoring commissions, (2)  gains and losses on sales of equipment (3) fee revenues, including fees on lines of credit, letters of credit, capital markets related fees, agent and advisory fees and servicing fees (4) gains and losses on loan and portfolio sales, (5) recoveries on loans charged-off pre-emergence and loans charged-off prior to transfer to AHFS, (6) gains and losses on investments,  (7) gains and losses on derivatives and foreign currency exchange, (8) counterparty receivable accretion, (9) impairment on assets held for sale, and (10) other revenues.
Other Expenses	'
	Other Expenses
	Other expenses include (1) depreciation on operating lease equipment, (2) maintenance and other operating lease expenses, (3) operating expenses, which include compensation and benefits, technology costs, professional fees, occupancy expenses, provision for severance and facilities exiting activities, advertising and marketing, and other expenses and (4) losses on debt extinguishments.
Stock-Based Compensation	'
	Stock-Based Compensation
	Compensation expense associated with equity-based awards is recognized over the vesting period (requisite service period), generally three years, under the “graded vesting” attribution method, whereby each vesting tranche of the award is amortized separately as if each were a separate award. The cost of awards granted to directors in lieu of cash is recognized using the single-grant approach with immediate vesting and expense recognition. Expenses related to stock-based compensation are included in Operating Expenses.
Earnings Per Share ("EPS")	'
	Earnings per Share (“EPS”)
	Basic EPS is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS is computed by dividing net income by the weighted-average number of common shares outstanding increased by the weighted-average potential impact of dilutive securities.  The Company’s potential dilutive instruments include restricted unvested stock grants, performance stock grants and stock options. The dilutive effect is computed using the treasury stock method, which assumes the conversion of these instruments. However, in periods when there is a net loss, these shares would not be included in the EPS computation as the result would have an anti-dilutive effect.
Accounting for Costs Associated with Exit or Disposal Activities	'
	Accounting for Costs Associated with Exit or Disposal Activities
	A liability for costs associated with exit or disposal activities, other than in a business combination, is recognized when the liability is incurred. The liability is measured at fair value, with adjustments for changes in estimated cash flows recognized in earnings.
Consolidated Statements Of Cash Flows	'
	Consolidated Statements of Cash Flows
	Unrestricted cash and cash equivalents includes cash and interest-bearing deposits, which are primarily overnight money market investments and short term investments in mutual funds. The Company maintains cash balances principally at financial institutions located in the U.S. and Canada. The balances are not insured in all cases.  Cash and cash equivalents also include amounts at CIT Bank, which are only available for the bank’s funding and investment requirements. Cash inflows and outflows from customer deposits are generally greater than 90 days and are presented on a net basis.  Most factoring receivables are presented on a net basis in the Statements of Cash Flows, as factoring receivables are generally less than 90 days.
	Cash receipts and cash payments resulting from purchases and sales of loans, securities, and other financing and leasing assets are classified as operating cash flows in accordance with ASC 230-10-45-21 when these assets are originated/acquired and designated specifically for resale.
	Activity for loans originated or acquired for investment purposes, including those subsequently transferred to AHFS, is classified in the investing section of the statement of cash flows in accordance with ASC 230-10-45-12 and 230-10-45-13. The vast majority of the Company’s loan originations are for investment purposes.  Cash receipts resulting from sales of loans, beneficial interests and other financing and leasing assets that were not specifically originated and/or acquired and designated for resale are classified as investing cash inflows regardless of subsequent classification.
	Activity of the discontinued operation is included in various line items of the Statements of Cash Flows.
Fresh Start Accounting	'
	Fresh Start Accounting
	The consolidated financial statements include the effects of adopting Fresh Start Accounting (“FSA”) upon the Company’s emergence from bankruptcy on December 10, 2009, based on a convenience date of December 31, 2009 (the “Convenience Date”), as required by U.S. GAAP.  Accretion and amortization of certain FSA adjustments are included in the consolidated Statements of Operations and Cash Flows.
	Interest income includes a component of accretion of the fair value discount on loans and lease receivables recorded in connection with FSA. For finance receivables that were not considered impaired at the FSA date and for which cash flows were evaluated based on contractual terms, the discount is accreted using the effective interest method as a yield adjustment over the remaining term of the loan and recorded in Interest Income. If the finance receivable is prepaid, the remaining accretable balance is recognized in Interest Income. If the finance receivable is sold, the remaining discount is considered in the determination of the resulting gain or loss. If the finance receivable is subsequently classified as non-accrual, accretion of the discount ceases.
	For finance receivables that were considered impaired at the FSA date and for which the cash flows were evaluated based on expected cash flows that were less than contractual cash flows, there is an accretable and a non-accretable discount. The accretable discount is accreted using the effective interest method as a yield adjustment over the remaining term of the loan and recorded in Interest Income. The non-accretable discount reflects the present value of the difference between the excess of cash flows contractually required to be paid and expected cash flows (i.e. credit component). The non-accretable discount is recorded as a reduction to finance receivables and serves to reduce future charge-offs or is reclassified to accretable discount should expected cash flows improve. The accretable discount on finance receivables that are on non-accrual does not accrete until the account returns to performing status.    Operating lease equipment purchased prior to emergence from bankruptcy in 2009 was recorded at estimated fair value at emergence and is carried at that new basis less accumulated depreciation.
Revisions	'
	Revisions
	In preparing the interim financial statements for September 30, 2013, the Company discovered and corrected in its third quarter report on Form 10-Q an immaterial error impacting the classification of cash and due from banks and interest bearing deposits in the amount of $430 million as of December 31, 2012. Subsequently, 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 amounts of $300 million as of December 31, 2013 and revised its previous adjustment for December 31, 2012.  The reclassification errors had no impact on the Company’s statements of operations or cash flows for any periods.
	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
	Foreign Currency Matters
	In March 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-05, Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity, which provides that a cumulative translation adjustment (“CTA”) is attached to the parent’s investment in a foreign entity and should be released in a manner consistent with the derecognition guidance on investments in entities. Thus, the entire amount of the CTA associated with the foreign entity would be released when there has been a:
		·	Sale of a subsidiary or group of net assets within a foreign entity and the sale represents the substantially complete liquidation of the investment in the foreign entity.
		·	Loss of a controlling financial interest in an investment in a foreign entity (i.e., the foreign entity is deconsolidated).
		·	Step acquisition for a foreign entity (i.e., when an entity has changed from applying the equity method for an investment in a foreign entity to consolidating the foreign entity).
	The ASU does not change the requirement to release a pro rata portion of the CTA of the foreign entity into earnings for a partial sale of an equity method investment in a foreign entity.
	The guidance is effective for fiscal years (and interim periods within those fiscal years) beginning on or after December 15, 2013, with early adoption permitted. The ASU should be applied prospectively from the beginning of the fiscal year of adoption. The adoption of this guidance will not have a significant impact on CIT’s financial statements or disclosures.
	Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists
	In July 2013, the FASB issued ASU No. 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (a consensus of the FASB Emerging Issues Task Force). This pronouncement amends guidance on exceptions as to when an unrecognized tax benefit should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward.
	To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any income taxes that would result from the disallowance of a tax position, or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date.
	The amended guidance is effective for fiscal years (and interim periods within those fiscal years) beginning on or after December 15, 2013, with early adoption permitted. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The adoption of this guidance will not have a significant impact on CIT’s financial statements or disclosures.

Discontinued_Operation_Tables

Discontinued Operation (Tables)	12 Months Ended
	Dec. 31, 2013
Discontinued Operation [Abstract]	'
Assets, Liabilities And Operating Results Of Discontinued Operation	'
	Assets and Liabilities of Discontinued Operation (dollars in millions)
		31-Dec-13	31-Dec-12
	Assets:
	Assets held for sale	$                        3,374.5	$                               1.5
	Cash	94.5	111.7
	Loans	-	3,694.5
	Other assets	352.4	394.9
	Total assets	$                        3,821.4	$                        4,202.6
	Liabilities:
	Long-term borrowings (secured)	$                        3,265.6	$                        3,630.9
	Other liabilities	12.0	17.9
	Total Liabilities	$                        3,277.6	$                        3,648.8
	Operating Results of Discontinued Operation (dollars in millions)
		Years Ended December 31,
		2013	2012	2011
	Interest income	$                          130.7	$                          178.3	$                          260.0
	Interest expense	-77.2	-231.8	-290.2
	Other income	0.9	38.3	-1.4
	Operating expenses	-14.5	-24.2	-35.9
	Income (loss) from discontinued operation before provision for income taxes	39.9	-39.4	-67.5
	Provision for income taxes	-8.6	-17.1	-1.6
	Income (loss) from discontinued operation, net of taxes	$                            31.3	$                          (56.5)	$                          (69.1)

Loans_Tables

Loans (Tables)	12 Months Ended
	Dec. 31, 2013
Loans [Abstract]	'
Schedule Of Finance Receivables	'
	Finance Receivables by Product (dollars in millions)
		December 31,		December 31,
		2013		2012
	Loans(1)	$               13,814.3		$            12,387.8
	Direct financing leases and leveraged leases(1)	4,814.9		4,765.3
	Finance receivables	18,629.2		17,153.1
	Finance receivables held for sale	794.3		301.3
	Finance receivables and held for sale receivables (2)	$               19,423.5		$            17,454.4
		-1		In 2013, the Company discovered and corrected an immaterial error related to the classification of loans and leases at December 31, 2012. The 2012 amount has been conformed to the current year presentation.
		-2		Assets held for sale in 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-Dec-13				31-Dec-12
		Domestic	Foreign	Total		Domestic	Foreign	Total
	Transportation & International Finance	$                  666.6	$             2,827.8	$               3,494.4		$                794.5	$            1,762.0	$             2,556.5
	North American Commercial Finance	13,196.7	1,496.4	14,693.1		11,549.4	1,535.0	13,084.4
	Non-Strategic Portfolios	117.9	323.8	441.7		674.9	837.3	1,512.2
	Total	$             13,981.2	$             4,648.0	$             18,629.2		$           13,018.8	$            4,134.3	$           17,153.1
Components Of Net Investment In Finance Receivables	'
		December 31,		December 31,
		2013		2012
	Unearned income	$                  (942.0)		$              (989.0)
	Equipment residual values	669.2		694.5
	Unamortized (discounts)	-47.9		-40.5
	Net unamortized deferred costs and (fees)	49.7		51.4
	Leveraged lease third party non-recourse debt payable	-203.8		-227.9
Finance And Held For Sale Receivables By Risk Rating	'
		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-Dec-13
	Pass	$             1,627.4	$              1,530.3	$           5,783.1	$                3,355.2	$          1,554.8	$             1,804.6	$                 15,655.4	$                  685.5	$           16,340.9
	Special mention	28.6	145.8	769.5	363.5	-	314.7	1,622.1	350.1	1,972.2
	Classified - accruing	97.2	36.2	233.6	266.0	-	138.9	771.9	97.8	869.7
	Classified - non-accrual	14.3	21.0	83.8	59.4	-	4.2	182.7	58.0	240.7
	Total	$             1,767.5	$              1,733.3	$           6,870.0	$                4,044.1	$          1,554.8	$             2,262.4	$                 18,232.1	$               1,191.4	$           19,423.5
	31-Dec-12
	Pass	$             1,110.6	$              1,159.0	$           5,331.2	$                2,969.7	$             616.1	$             1,913.2	$                 13,099.8	$               1,093.4	$           14,193.2
	Special mention	94.3	39.0	702.7	375.9	-	266.9	1,478.8	453.8	1,932.6
	Classified - accruing	98.2	16.4	344.8	269.0	-	119.2	847.6	150.9	998.5
	Classified - non-accrual	31.5	7.5	156.5	55.3	-	6.0	256.8	73.3	330.1
	Total	$             1,334.6	$              1,221.9	$           6,535.2	$                3,669.9	$             616.1	$             2,305.3	$                 15,683.0	$               1,771.4	$           17,454.4
Schedule Of Finance Receivables Delinquency Status	'
	Finance and Held for Sale Receivables – Delinquency Status (dollars in millions)
			30–59 Days	60–89 Days	90 Days or	Total Past		Total Finance
			Past Due	Past Due	Greater	Due	Current	Receivables
	31-Dec-13
	Transportation Finance		$               18.3	$              0.9	$                  0.5	$           19.7	$         1,747.8	$              1,767.5
	International Finance		30.6	11.6	12.6	54.8	1,678.5	1,733.3
	Corporate Finance		-	-	17.8	17.8	6,852.2	6,870.0
	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		29.7	7.9	16.2	53.8	1,137.6	1,191.4
	Total		$             243.1	$            52.8	$                66.7	$         362.6	$       19,060.9	$            19,423.5
	31-Dec-12
	Transportation Finance		$                 4.0	$              0.8	$                  0.7	$             5.5	$         1,329.1	$              1,334.6
	International Finance		14.0	4.5	4.4	22.9	1,199.0	1,221.9
	Corporate Finance		-	0.3	3.5	3.8	6,531.4	6,535.2
	Equipment Finance		61.9	19.5	13.3	94.7	3,575.2	3,669.9
	Real Estate Finance		-	-	-	-	616.1	616.1
	Commercial Services		79.3	3.4	5.6	88.3	2,217.0	2,305.3
	Sub-total		159.2	28.5	27.5	215.2	15,467.8	15,683.0
	Non-Strategic Portfolios		53.5	9.3	15.9	78.7	1,692.7	1,771.4
	Total		$             212.7	$            37.8	$                43.4	$         293.9	$       17,160.5	$            17,454.4
Schedule Of Finance Receivables On Non-Accrual Status	'
			31-Dec-13				31-Dec-12
			Held for Investment	Held for Sale	Total		Held for Investment	Held for Sale	Total
	Transportation Finance		$               14.3	$                 -	$                 14.3		$             31.5	$                        -	$               31.5
	International Finance		21.0	-	21.0		7.5	-	7.5
	Corporate Finance		83.5	0.3	83.8		156.2	0.3	156.5
	Equipment Finance		59.4	-	59.4		55.3	-	55.3
	Commercial Services		4.2	-	4.2		6.0	-	6.0
	Sub-total		182.4	0.3	182.7		256.5	0.3	256.8
	Non-Strategic Portfolios		17.6	40.4	58.0		68.6	4.7	73.3
	Total		$             200.0	$           40.7	$               240.7		$           325.1	$                    5.0	$             330.1
	Repossessed assets				7.0				9.9
	Total non-performing assets				$               247.7				$             340.0
	Total Accruing loans past due 90 days or more				$                   9.9				$                 3.4
Impaired Loans	'
	Impaired Loans at or for the year ended December 31, 2013 (dollars in millions)
					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
	Real Estate Finance			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	77.9
	Total			$         291.3	$              370.1	$          31.4	$           378.5
	Impaired Loans at or for the year ended December 31, 2012 (dollars in millions)
					Unpaid		Average
				Recorded	Principal	Related	Recorded
				Investment	Balance	Allowance	Investment
	With no related allowance recorded:
	Transportation Finance			$              2.3	$                  2.9	$                -	$               4.5
	International Finance			3.1	8.2	-	4.1
	Corporate Finance			188.9	242.7	-	197.0
	Equipment Finance			8.2	32.8	-	12.0
	Commercial Services			10.1	13.3	-	29.7
	Non-Strategic Portfolios			40.9	59.2	-	40.3
	With an allowance recorded:
	Transportation Finance			29.1	29.3	8.9	17.9
	International Finance			-	-	-	1.3
	Corporate Finance			102.4	106.7	32.3	122.1
	Equipment Finance			-	-	-	4.3
	Commercial Services			6.0	6.0	1.3	12.2
	Non-Strategic Portfolios			2.4	2.7	1.0	12.7
	Total Impaired Loans (1)			393.4	503.8	43.5	458.1
	Total Loans Impaired at Convenience Date(2)			106.7	260.8	1.5	146.4
	Total			$          500.1	$              764.6	$          45.0	$           604.5
	(1)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 cash-basis method of accounting.  Interest income recorded for the year ended December 31, 2012 while the loans were impaired was $21.3 million of which $4.3 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.
Schedule Of Finance Receivables That Were Identified As Impaired At The Convenience Date	'
		December 31, 2013 (1)				December 31, 2012 (1)
		Carrying Amount	Outstanding Balance (2)	Allowance for Loan Losses		Carrying Amount	Outstanding Balance (2)	Allowance for Loan Losses
	Commercial	$                         54.1	$                     95.8	$                         1.0		$                      106.7	$                    260.8	$                    1.5
	Total loans	$                         54.1	$                     95.8	$                         1.0		$                      106.7	$                    260.8	$                    1.5
	(1)The table excludes amounts in Assets Held for Sale with a carrying amount of $12 million and $1 million at December 31, 2013 and December 31, 2012, respectively, and outstanding balances of $26 million and $3 million, respectively.
	(2)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.
Troubled Debt Restructurings That Occurred During Period	'
	Recorded investment of TDRs that occurred during the year ended December 31, 2013 and 2012 (dollars in millions)
			Years Ended December 31,
			2013		2012
	International Finance		$                            -		$             0.2
	Corporate Finance		12.2		31.4
	Equipment Finance		0.8		2.9
	NSP		11.6		15.4
	Total		$                      24.6		$           49.9
	Recorded investment of TDRs that experience a payment default(1) at the time of default, in the period presented, and for which the payment default occurred within one year of the modification (dollars in millions)
			Years Ended December 31,
			2013		2012
	Corporate Finance		$                        0.5		$                -
	Equipment Finance		0.3		0.5
	NSP		4.9		3.9
	Total		$                        5.7		$            4.4
	-1		Payment default in the table above is one missed payment.

Allowance_For_Loan_Losses_Tabl

Allowance For Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2013
Allowance For Loan Losses [Abstract]	'
Schedule Of Allowance For Credit Losses And Recorded Investment In Finance Receivables	'
		2013
		Transportation & International Finance	North American Commercial Finance	Non-Strategic Portfolios	Corporate and Other	Total
	Beginning balance	$                             44.3	$                           293.7	$                             41.3	$                                  -	$                               379.3
	Provision for credit losses	18.7	35.5	10.8	-0.1	64.9
	Other(1)	0.6	-6.9	-1.2	0.1	-7.4
	Gross charge-offs (2)	-26	-58.3	-54.3	-	-138.6
	Recoveries	9.1	39.8	9.0	-	57.9
	Allowance balance - end of period	$                             46.7	$                           303.8	$                               5.6	$                                  -	$                               356.1
	Allowance balance:
	Loans individually evaluated for impairment	$                               0.6	$                             29.8	$                                  -	$                                  -	$                                 30.4
	Loans collectively evaluated for impairment	46.1	273.0	5.6	-	324.7
	Loans acquired with deteriorated credit quality (3)	-	1.0	0.0	-	1.0
	Allowance balance - end of period	$                             46.7	$                           303.8	$                               5.6	$                                  -	$                               356.1
	Other reserves (1)	$                               0.2	$                             27.6	$                                  -	$                                  -	$                                 27.8
	Finance receivables:
	Loans individually evaluated for impairment	$                             21.2	$                           205.8	$                             10.2	$                                  -	$                               237.2
	Loans collectively evaluated for impairment	3,473.1	14,435.1	429.7	-	18,337.9
	Loans acquired with deteriorated credit quality (3)	0.1	52.2	1.8	-	54.1
	Ending balance	$                        3,494.4	$                      14,693.1	$                           441.7	$                                  -	$                          18,629.2
	Percent of loans to total loans	18.7%	78.9%	2.4%	-	100.0%
		2012
	Beginning balance	$                             36.3	$                           309.8	$                             61.7	$                                  -	$                               407.8
	Provision for credit losses	14.5	44.0	-7.3	0.2	51.4
	Other(1)	0.5	-7.6	1.5	-0.2	-5.8
	Gross charge-offs (2)	-15.7	-98.9	-27.1	-	-141.7
	Recoveries	8.7	46.4	12.5	-	67.6
	Allowance balance - end of period	$                             44.3	$                           293.7	$                             41.3	$                                  -	$                               379.3
	Allowance balance:
	Loans individually evaluated for impairment	$                               8.9	$                             33.6	$                               1.0	$                                  -	$                                 43.5
	Loans collectively evaluated for impairment	35.4	259.3	39.6	-	334.3
	Loans acquired with deteriorated credit quality (3)	-	0.8	0.7	-	1.5
	Allowance balance - end of period	$                             44.3	$                           293.7	$                             41.3	$                                  -	$                               379.3
	Other reserves (1)	$                                  -	$                             23.0	$                               0.1	$                               0.1	$                                 23.2
	Finance receivables:
	Loans individually evaluated for impairment	$                             34.5	$                           315.6	$                             43.3	$                                  -	$                               393.4
	Loans collectively evaluated for impairment	2,521.6	12,684.5	1,446.9	-	16,653.0
	Loans acquired with deteriorated credit quality (3)	0.4	84.3	22.0	-	106.7
	Ending balance	$                        2,556.5	$                      13,084.4	$                        1,512.2	$                                  -	$                          17,153.1
	Percent of loans to total loans	14.9%	76.3%	8.8%	-	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 included $18 million and $38 million charged directly to the Allowance for loan losses for the years ended December 31, 2013 and 2012, respectively.   In 2013, $16 million related to NACF and $2 million related to NSP.  In 2012, $24 million related to NACF,  $8 million to TIF and $6  million to NSP.
	(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).

Operating_Lease_Equipment_Tabl

Operating Lease Equipment (Tables)	12 Months Ended
	Dec. 31, 2013
Operating Lease Equipment [Abstract]	'
Schedule Of Operating Lease Equipment By Type	'
		31-Dec-13	31-Dec-12
	Commercial aircraft (including regional aircraft)	$                           8,229.1	$                           8,061.4
	Railcars and locomotives	4,500.1	4,053.1
	Other equipment	306.2	297.2
	Total(1)	$                        13,035.4	$                        12,411.7
	(1)	Includes equipment off-lease of $144.7 million and $202.5 million at December 31, 2013 and 2012, respectively, primarily consisting of rail and aerospace assets.
Schedule Of Future Minimum Lease Rentals Due On Non-Cancelable Operating Leases	'
	Years Ended December 31,
	2014	$                           1,607.6
	2015	1,382.0
	2016	1,142.9
	2017	881.1
	2018	650.7
	Thereafter	1,516.7
	Total	$                           7,181.0

Investment_Securities_Tables

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2013
Investment Securities [Abstract]	'
Schedule Of Investment Securities	'
		December 31,	December 31,
		2013	2012
	Debt securities available-for-sale	$                            1,487.8	$                          767.6
	Equity securities available-for-sale	13.7	14.3
	Debt securities held-to-maturity (1)	1,042.3	188.4
	Non-marketable equity investments(2)	86.9	95.2
	Total investment securities	$                            2,630.7	$                       1,065.5
	(1)Recorded at amortized cost less impairment on securities that have credit-related impairment.
	(2) Non-marketable equity investments include $23.6 million and $27.6 million in limited partnerships at December 31, 2013 and 2012, 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	'
	Interest and Dividend Income (dollars in millions)
		Year Ended December 31,
		2013	2012	2011
	Interest income -  interest bearing deposits	$                                16.6	$                            21.7	$                               24.1
	Interest income -  investments	8.9	7.8	9.3
	Dividends - investments	3.4	2.7	1.3
	Total interest and dividends	$                                28.9	$                            32.2	$                               34.7
Amortized Cost And Fair Value Of Securities Available-For-Sale	'
	Securities AFS - Amortized Cost and Fair Value (dollars in millions)
			Gross	Gross
		Amortized	Unrealized	Unrealized	Fair
	31-Dec-13	Cost	Gains	Losses	Value
	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
	31-Dec-12
	Debt securities AFS
	U.S. Treasury Securities	$                               750.3	$                                 -	$                                    -	$                      750.3
	Brazilian Government Treasuries	17.3	-	-	17.3
	Total debt securities AFS	767.6	-	-	767.6
	Equity securities AFS	13.1	1.2	-	14.3
	Total securities AFS	$                               780.7	$                             1.2	$                                    -	$                      781.9
Carrying Value And Fair Value Of Securities Held-To-Maturity	'
	Debt Securities HTM - Carrying Value and Fair Value (dollars in millions)
			Gross	Gross
		Carrying	Unrecognized	Unrecognized	Fair
		Value	Gains	Losses	Value
	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
	31-Dec-12
	Mortgage-backed securities
	U.S. government-sponsored agency guaranteed	$                                 96.5	$                              3.1	$                               (0.3)	$                        99.3
	State and municipal	13.1	-	-	13.1
	Foreign government	28.4	-	-	28.4
	Corporate - Foreign	50.4	8.2	-	58.6
	Total debt securities held-to-maturity	$                               188.4	$                            11.3	$                               (0.3)	$                      199.4
Amortized Cost And Fair Value Of Debt Securities Held-To-Maturity By Contractual Maturity Dates	'
	Securities Held To Maturity - Amortized Cost and Fair Value Maturities (dollars in millions)
		31-Dec-13		31-Dec-12
		Carrying	Fair	Carrying	Fair
		Cost	Value	Cost	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
	Total - Due after 10 years (1)	96.3	92.2	96.5	99.3
	State and municipal
	Due within 1 year	0.7	0.7	-	-
	Due after 1 but within 5 years	4.4	4.4	4.9	4.9
	Due after 5 but within 10 years	0.7	0.7	1.4	1.4
	Due after 10 years (1)	51.6	45.1	6.8	6.8
	Total	57.4	50.9	13.1	13.1
	Foreign government
	Due within 1 year	29.8	29.8	25.5	25.4
	Due after 1 but within 5 years	8.5	8.5	2.9	3.0
	Total	38.3	38.3	28.4	28.4
	Corporate - Foreign
	Due within 1 year	0.8	0.8	-	-
	Due after 1 but within 5 years	48.6	56.1	-	-
	Due after 5 but within 10 years	65.4	66.9	50.4	58.6
	Total	114.8	123.8	50.4	58.6
	Total debt securities held-to-maturity	$                            1,042.3	$                       1,040.8	$                            188.4	$                    199.4
	(1)Investments with no stated maturities are included as contractual maturities of greater than 10 years. Actual maturities may differ due to call or prepayment rights.

Other_Assets_Tables

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2013
Other Assets [Abstract]	'
Schedule Of Components Of Other Assets	'
	Other Assets (dollars in millions)
		31-Dec-13	31-Dec-12
	Deposits on commercial aerospace equipment	$                                 831.3	$                               615.3
	Deferred debt costs and other deferred charges	158.5	169.8
	Tax receivables, other than income taxes	132.2	81.7
	Executive retirement plan and deferred compensation	101.3	109.7
	Accrued interest and dividends	33.0	27.5
	Furniture and fixtures	85.3	75.4
	Prepaid expenses	64.3	73.8
	Other counterparty receivables	45.9	115.7
	Other (1)	184.6	220.0
	Total other assets	$                              1,636.4	$                            1,488.9
	(1) Other includes investments in and receivables from non-consolidated entities, deferred federal and state tax assets, servicing assets, and other miscellaneous assets.

Deposits_Tables

Deposits (Tables)	12 Months Ended
	Dec. 31, 2013
Deposits [Abstract]	'
Summary Of Deposits Details And Maturities	'
	Deposits (dollars in millions)
		31-Dec-13	31-Dec-12
	Deposits Outstanding	$                          12,526.5	$                           9,684.5
	Weighted average contractual interest rate	1.65%	1.75%
	Weighted average remaining number of days to maturity (1)	1,014 days	725 days
	Contractual Maturities and Rates
	Due in 2014 - (1.41%)(2)	$                            5,587.8
	Due in 2015 - (1.53%)	2,190.0
	Due in 2016- (2.14%)	766.3
	Due in 2017 - (1.38%)	1,947.3
	Due in 2018 - (1.84%)	793.4
	Due after 2018 - (2.92%)	1,242.5
	Deposits outstanding, excluding fresh start adjustments	$                          12,527.3
		-1	Excludes deposit accounts with no stated maturity.
		-2	Includes deposit accounts with no stated maturity.
		Years Ended December 31,
		2013	2012
	Daily average deposits	$                          11,254.3	$                           7,699.6
	Maximum amount outstanding	$                          12,605.3	$                           9,690.7
	Weighted average contractual interest rate for the year	1.56%	1.98%
Summary Of Maturity Profile Of Time Deposits	'
	Certificates of Deposits $100,000 or More (dollars in  millions)
		At December 31,
		2013	2012
	U.S. Bank
	Three months or less	$                               317.7	$                              241.6
	After three months through six months	258.1	234.6
	After six months through twelve months	601.7	619.8
	After twelve months	1,501.9	1,119.3
	Total U.S. Bank	$                            2,679.4	$                           2,215.3
	Foreign Bank	$                                 88.3	$                                98.6

LongTerm_Borrowings_Tables

Long-Term Borrowings (Tables)	12 Months Ended
	Dec. 31, 2013
Long-Term Borrowings [Abstract]	'
Schedule Of Outstanding Long-Term Borrowings	'
	(dollars in millions)		31-Dec-13					31-Dec-12
			CIT Group Inc.		Subsidiaries		Total	Total
	Senior unsecured (1)		$                     12,531.6		$                                 -		$               12,531.6	$                     11,824.0
	Secured borrowings		-		5,952.9		5,952.9	6,506.9
	Total Long-term Borrowings		$                     12,531.6		$                     5,952.9		$               18,484.5	$                     18,330.9
		-1		Senior Unsecured Notes were comprised of $5,250 million of Series C Notes, $7,243 million of Unsecured Notes and $38.6 million of other unsecured debt.
Contracutal Maturities Of Long-Term Borrowings	'
	Contractual Maturities - Long-term Borrowings (dollars in millions)
													Contractual
			2014			2015		2016		2017	2018	Thereafter	Maturities
	Senior unsecured		$                      1,300.0			$                       1,500.0		$                          -		$                      3,000.0	$            2,200.0	$            4,551.4	$                   12,551.4
	Secured borrowings		1,210.5			1,439.1		866.8		565.3	448.4	1,463.0	5,993.1
			$                      2,510.5			$                       2,939.1		$                  866.8		$                      3,565.3	$            2,648.4	$            6,014.4	$                   18,544.5
Schedule Of Senior Unsecured Notes	'
	Maturity Date		Rate (%)		Date of Issuance		Par Value
	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
	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		4.91%				$                 7,250.0
Schedule Of Issuance Of Series C Notes	'
	Maturity Date		Rate (%)		Date of Issuance		Par Value
	Apr-14		5.250%		Mar-11		$                 1,300.0
	Feb-15		4.750%		Feb-12		1,500.0
	Apr-18		6.625%		Mar-11		700.0
	Feb-19		5.500%		Feb-12		1,750.0
	Weighted average and total		5.37%				$                 5,250.0
Schedule Of Secured Borrowings And Pledged Asset	'
			31-Dec-13				31-Dec-12
			Secured Borrowing		Pledged Assets		Secured Borrowing	Pledged Assets
	Rail(1)		$                         931.0		$                       1,163.1		$                    976.8	$                      1,185.1
	Aerospace(1)		2,366.1		4,126.7		2,560.3	4,049.1
	International Finance		583.5		748.1		1,078.8	1,233.3
	Subtotal - Transportation & International Finance		3,880.6		6,037.9		4,615.9	6,467.5
	Corporate Finance		320.2		447.4		706.6	838.2
	Commercial Services		334.7		1,453.2		350.8	1,523.6
	Equipment Finance		1,227.3		1,499.7		574.6	765.4
	Subtotal - North American Commercial Finance		1,882.2		3,400.3		1,632.0	3,127.2
	Small Business Loan - Non-Strategic Portfolios		190.1		220.1		259.0	385.3
	Total		$                      5,952.9		$                       9,658.3	-2	$                 6,506.9	$                      9,980.0	-3
	(1)At December 31, 2013, GSI TRS related borrowings and pledged assets, respectively, of $998.4 million and $1.99 billion were included in Transportation & International Finance, and $25.8 million and $119.4 million in North American Commercial Finance.  The GSI TRS is described in Note 10 – Derivative Financial Instruments.
	(2)Includes operating lease equipment of $4.7 billion, loans of $3.8 billion, cash of $0.9 billion, assets held for sale of $0.1 billion and investment securities of $0.1  billion.
	(3) Includes operating lease equipment, net of $4.7 billion, loans of $4.2 billion, cash of $1.0 billion and investment securities of $0.1 billion.

Derivative_Financial_Instrumen1

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2013
Derivative Financial Instruments [Abstract]	'
Fair And Notional Values Of Derivative Financial Instruments	'
			31-Dec-13				31-Dec-12
			Notional		Asset Fair	Liability	Notional	Asset Fair	Liability
	Qualifying Hedges		Amount		Value	Fair Value	Amount (2)	Value	Fair Value
	Cross currency swaps - net investment hedges		$                            47.1		$                               1.1	$                         -	$                    151.2	$                     -	$                  (6.1)
	Foreign currency forward contracts – cash flow hedges		3.8		-	-0.3	11.7	-	-0.9
	Foreign currency forward contracts – net investment hedges		1,436.8		11.8	-23.8	1,232.6	1.9	-31.5
	Total Qualifying Hedges		1,487.7		12.9	-24.1	1,395.5	1.9	-38.5
	Non-Qualifying Hedges
	Cross currency swaps		131.8		6.3	-	552.8	1.7	-11
	Interest rate swaps		1,386.0		5.7	-25.4	809.6	0.6	-39.3
	Written options		566.0		-	-1	251.4	-	-0.1
	Purchased options		816.8		1.2	-	502.7	0.3	-
	Foreign currency forward contracts		1,979.9		23.4	-50.8	1,853.8	5.7	-25.7
	Total Return Swap (TRS)		485.2		-	-9.7	106.6	-	-5.8
	Equity Warrants		1.0		0.8	-	1.0	0.1	-
	Total Non-qualifying Hedges		5,366.7		37.4	-86.9	4,077.9	8.4	-81.9
	Total Hedges		$                       6,854.4		$                            50.3	$               (111.0)	$                 5,473.4	$               10.3	$              (120.4)
		-1		Presented on a gross basis.
Offsetting Of Derivative Assets And Liabilities	'
							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 (5)	Cash Collateral Pledged/(Received) (5)(6)	Net Amount
	31-Dec-13
	Derivative assets (1)		$                           50.3		$                                 -	$                                   50.3	$                         (33.4)	$                             (5.0)	$                           11.9
	Derivative liabilities (2)		-111		-	-111	33.4	41.0	-36.6
	31-Dec-12
	Derivative assets (3)		$                           10.3		$                                 -	$                                   10.3	$                           (7.6)	$                             (1.7)	$                             1.0
	Derivative liabilities (4)		-120.4		-	-120.4	8.0	73.3	-39.1
		-1		Includes $12.9 million of qualifying hedges reported in Other assets and $37.4 million reported in Trading assets at fair value – derivatives.
		-2		Includes $(24.1) million of qualifying hedges reported in Other liabilities and $(86.9) million reported in Trading liabilities at fair value – derivatives.
		-3		Includes $1.9 million of qualifying hedges reported in Other assets and $8.4 million reported in Trading assets at fair value – derivatives.
		-4		Includes $(38.5) million of qualifying hedges reported in Other liabilities and $(81.9) million reported in Trading liabilities at fair value – derivatives.
		-5		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.
		-6		Collateral pledged or received are included in Other assets or Other liabilities, respectively.
Derivative Instrument Gains And Losses	'
					Years Ended December 31,
	Contract Type		Gain / (Loss) Recognized		2013	2012	2011
	Qualifying Hedges
	Foreign currency forward contracts – cash flow hedges		Other income		$                               0.7	$                      1.1	$                      (0.9)
	Total Qualifying Hedges				0.7	1.1	-0.9
	Non Qualifying Hedges
	Cross currency swaps		Other income		11.5	-10.5	29.2
	Interest rate swaps		Other income		19.1	1.2	-14.6
	Interest rate options		Other income		-	-0.7	-0.9
	Foreign currency forward contracts		Other income		-12.1	-23.7	30.0
	Equity warrants		Other income		0.8	-0.3	-0.8
	Total Return Swap (TRS)		Other income		-3.9	-5.8	-
	Total Non-qualifying Hedges				15.4	-39.8	42.9
	Total derivatives - income statement impact				$                            16.1	$                  (38.7)	$                      42.0
Changes In AOCI Relating To Derivatives	'
	Contract Type		Derivatives - effective portion reclassified from AOCI to income		Hedge ineffectiveness recorded directly to income	Total income statement impact	Derivatives - effective portion recorded in OCI	Total change in OCI for period
	Year Ended December 31, 2013
	Foreign currency forward contracts - cash flow hedges		$                              0.7		$                                  -	$                      0.7	$                        0.6	$                (0.1)
	Foreign currency forward contracts - net investment hedges		-7.7		-	-7.7	5.8	13.5
	Cross currency swaps - net investment hedges		-0.1		-	-0.1	10.0	10.1
	Total		$                            (7.1)		$                                  -	$                    (7.1)	$                      16.4	$                23.5
	Year Ended December 31, 2012
	Foreign currency forward contracts - cash flow hedges		$                              1.1		$                                  -	$                      1.1	$                        1.7	$                  0.6
	Foreign currency forward contracts - net investment hedges		-4.1		-	-4.1	-59.4	-55.3
	Cross currency swaps - net investment hedges		-		-	-	-12.9	-12.9
	Total		$                            (3.0)		$                                  -	$                    (3.0)	$                    (70.6)	$              (67.6)
	Year Ended December 31, 2011
	Foreign currency forward contracts - cash flow hedges		$                            (1.0)		$                                  -	$                    (1.0)	$                      (0.1)	$                  0.9
	Foreign currency forward contracts - net investment hedges		-9.7		-	-9.7	26.4	36.1
	Cross currency swaps - net investment hedges		-		-	-	9.0	9.0
	Total		$                          (10.7)		$                                  -	$                  (10.7)	$                      35.3	$                46.0

Other_Liabilities_Tables

Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2013
Other Liabilities [Abstract]	'
Schedule Of Components Of Other Liabilities	'
	Other Liabilities (dollars in millions)
		31-Dec-13	31-Dec-12
	Equipment maintenance reserves	$                                 904.2	$                               850.0
	Accrued expenses and accounts payable	478.1	554.0
	Accrued interest payable	247.1	235.3
	Security and other deposits	227.4	231.6
	Current taxes payable and deferred taxes	179.8	185.5
	Valuation adjustment relating to aerospace commitments (1)	137.5	188.1
	Other (2)	403.3	425.4
	Total other liabilities	$                              2,577.4	$                            2,669.9
	(1) In conjunction with FSA, a liability was recorded to reflect the current fair value of aircraft purchase commitments outstanding at the time.  When the aircraft are purchased, the cost basis of the assets is reduced by the associated liability.
	(2) Other liabilities consist of other taxes, property tax reserves and other miscellaneous liabilities.

Fair_Value_Tables

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2013
Fair Value [Abstract]	'
Assets And Liabilities Measured At Fair Value On A Recurring Basis	'
	31-Dec-13	Total	Level 1	Level 2	Level 3
	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)
	31-Dec-12
	Assets
	Debt Securities AFS (1)	$                            767.6	$                         767.6	$                          -	$                      -
	Equity Securities AFS	14.3	14.3	-	-
	Trading assets at fair value - derivatives	8.4	-	8.4	-
	Derivative counterparty assets at fair value	1.9	-	1.9	-
	Total	$                            792.2	$                         781.9	$                     10.3	$                      -
	Liabilities
	Trading liabilities at fair value - derivatives	$                             (81.9)	-	-76.1	-5.8
	Derivative counterparty liabilities at fair value	-38.5	-	-38.5	-
	Total	$                           (120.4)	$                                 -	$                (114.6)	$                (5.8)
	Debt securities AFS fair value hierarchy at December 31, 2012 has been conformed to the current presentation.
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-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)
	31-Dec-12
	Assets Held for Sale	$                            295.2	-	-	295.2	$               (106.7)
	Impaired loans	61.0	-	-	61.0	-40.9
	Total	$                            356.2	$                                -	$                         -	$               356.2	$               (147.6)
Changes In The Estimated Fair Value Of The 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-11	$                                   -	$                                -
	Gains or losses realized/unrealized
	Included in Other Income (1)	-5.8	-5.8
	31-Dec-12	$                              (5.8)	$                          (5.8)
	Gains or losses realized/unrealized
	Included in Other Income (1)	-3.9	-3.9
	31-Dec-13	$                              (9.7)	$                          (9.7)
		-1		Valuation of the derivative related to the GSI facilities
Carrying And Estimated Fair Values Of Financial Instruments	'
	Financial Instruments (dollars in millions)
		31-Dec-13		31-Dec-12
		Carrying	Estimated	Carrying	Estimated
		Value	Fair Value	Value	Fair Value
	Assets
	Trading assets at fair value - derivatives	$                              37.4	$                           37.4	$                      8.4	$                  8.4
	Derivative counterparty assets at fair value	12.9	12.9	1.9	1.9
	Assets held for sale (excluding leases)	415.2	416.4	56.8	60.4
	Loans (excluding leases)	12,619.4	12,681.6	12,237.4	12,183.3
	Investment Securities	2,630.7	2,629.2	1,065.5	1,068.3
	Other assets subject to fair value disclosure and unsecured counterparty receivables (1)	586.5	586.5	691.6	691.6
	Liabilities
	Deposits (2)	-12,565.00	-12,751.90	-9,721.80	-9,931.80
	Trading liabilities at fair value - derivatives	-86.9	-86.9	-81.9	-81.9
	Derivative counterparty liabilities at fair value	-24.1	-24.1	-38.5	-38.5
	Long-term borrowings (2)	-18,693.10	-19,340.80	-18,528.80	-19,556.20
	Other liabilities subject to fair value disclosure (3)	-1,919.10	-1,919.10	-1,936.90	-1,936.90
	(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 use Level 3 inputs.

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2013
Stockholders' Equity [Abstract]	'
Summary Of Number Of Shares Of Common Stock	'
		Issued		Less Treasury		Outstanding
	Common Stock – December 31, 2011	200,980,752		-320,438		200,660,314
	Restricted/performance shares issued	272,702		-		272,702
	Shares held to cover taxes on vesting restricted shares and other	-		-93,823		-93,823
	Employee stock purchase plan participation	29,609		-		29,609
	Common Stock – December 31, 2012	201,283,063		-414,261		200,868,802
	Restricted stock issued	873,842		-		873,842
	Repurchase of common stock	-		-4,006,941		-4,006,941
	Shares held to cover taxes on vesting restricted shares and other	-		-357,442		-357,442
	Employee stock purchase plan participation	25,490		-		25,490
	Common Stock – December 31, 2013	202,182,395		-4,778,644		197,403,751
Components Of Accumulated Other Comprehensive Loss	'
	Components of Accumulated Other Comprehensive Income (Loss) (dollars in millions)
		31-Dec-13				31-Dec-12
		Gross Unrealized	Income Taxes	Net Unrealized		Gross Unrealized	Income Taxes	Net Unrealized
	Changes in benefit plan net gain/(loss) and prior service (cost)/credit	$             (24.3)	$                    0.2	$             (24.1)		$                 (43.5)	$                    0.4	$                 (43.1)
	Foreign currency translation adjustments	-49.4	-	-49.4		-36.6	-	-36.6
	Changes in fair values of derivatives qualifying as cash flow hedges	-0.2	-	-0.2		-0.1	-	-0.1
	Unrealized net gains (losses) on available for sale securities	0.2	-0.1	0.1		3.5	-1.4	2.1
	Total accumulated other comprehensive loss	$             (73.7)	$                    0.1	$             (73.6)		$                 (76.7)	$                 (1.0)	$                 (77.7)
Changes In Accumulated Other Comprehensive Income (Loss)	'
			Changes in benefit plan net gain (loss) and prior service (cost) credit		Foreign currency translation adjustments		Unrealized net gains (losses) on available for sale securities		Changes in fair values of derivatives qualifying as cash flow hedges	Total accumulated other comprehensive income (loss) ("AOCI")
	Balance as of December 31, 2011		$                   (54.8)		$                         (28.2)		$                       1.1		$                      (0.7)	$                   (82.6)
	AOCI activity before reclassifications		10.3		-16.8		1.0		1.7	-3.8
	Amounts reclassed from AOCI		1.4		8.4		-		-1.1	8.7
	Net current period AOCI		11.7		-8.4		1.0		0.6	4.9
	Balance as of December 31, 2012		$                   (43.1)		$                         (36.6)		$                       2.1		$                      (0.1)	$                   (77.7)
	AOCI activity before reclassifications		19.2		-21.2		-2.8		0.6	-4.2
	Amounts reclassed from AOCI		-0.2		8.4		0.8		-0.7	8.3
	Net current period AOCI		19.0		-12.8		-2		-0.1	4.1
	Balance as of December 31, 2013		$                   (24.1)		$                         (49.4)		$                       0.1		$                      (0.2)	$                   (73.6)
Reclassification Out Of Accumulated Other Comprehensive Income (Loss)	'
			Years Ended December 31,
			2013				2012
			Gross Amount	Tax	Net Amount		Gross Amount	Tax	Net Amount
	Changes in benefit plan net gain/(loss) and prior service (cost)/credit
	Gains (Losses)		$            (0.2)	$          -	$        (0.2)		$               1.3	$    0.1	$           1.4
	Foreign currency translation adjustments
	Gains (Losses)		8.4	-	8.4		8.4	-	8.4
	Net unrealized gains (losses) on available for sale securities
	Gains (Losses)		1.3	-0.5	0.8		-	-	-
	Changes in fair value of derivatives qualifying as cash flow hedges
	Gains (Losses)		-0.7	-	-0.7		-1.1	-	-1.1
	Total Reclassifications out of AOCI		$               8.8	$    (0.5)	$           8.3		$               8.6	$    0.1	$           8.7

Regulatory_Capital_Tables

Regulatory Capital (Tables)	12 Months Ended
	Dec. 31, 2013
Regulatory Capital [Abstract]	'
Components Of Tier 1 Capital And Total Capital	'
	Tier 1 Capital and Total Capital Components (dollars in millions)
		CIT		CIT Bank
		December 31,	December 31,	December 31,		December 31,
	Tier 1 Capital	2013	2012	2013		2012
	Total stockholders’ equity	$                8,838.8	$                8,334.8	$                    2,596.6		$                2,437.4
	Effect of certain items in accumulated other comprehensive loss excluded from Tier 1 Capital	24.2	41.1	-		-0.4
	Adjusted total equity	8,863.0	8,375.9	2,596.6		2,437.0
	Less: Goodwill(1)	-338.3	-345.9	-		-
	Disallowed intangible assets(1)	-20.3	-32.7	-		-
	Investment in certain subsidiaries	-32.3	-34.4	-		-
	Other Tier 1 components(2)	-32.6	-68	-		-14.3
	Tier 1 Capital	8,439.5	7,894.9	2,596.6		2,422.7
	Tier 2 Capital
	Qualifying allowance for credit losses and other reserves(3)	383.9	402.6	193.6		141.2
	Less: Investment in certain subsidiaries	-32.3	-34.4	-		-
	Other Tier 2 components(4)	0.1	0.5	-		0.3
	Total qualifying capital	$                8,791.2	$                8,263.6	$                    2,790.2		$                2,564.2
	Risk-weighted assets	$              50,571.2	$              48,616.9	$                  15,451.9		$              11,288.3
	Total Capital (to risk-weighted assets):
	Actual	17.4%	17.0%	18.1%		22.7%
	Required Ratio for Capital Adequacy Purposes to be well capitalized	10.0%	13.0%(5)	10.0%		10.0%
	Tier 1 Capital (to risk-weighted assets):
	Actual	16.7%	16.2%	16.8%		21.5%
	Required Ratio for Capital Adequacy Purposes to be well capitalized	6.0%	6.0%	6.0%		6.0%
	Tier 1 Leverage Ratio:
	Actual	18.1%	18.3%	16.9%		20.2%
	Required Ratio for Capital Adequacy Purposes	4.0%	4.0%	5.0%	-6	5.0%	-6
	(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 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.
	(5)The Company previously had committed to maintaining the capital ratio above regulatory minimum levels.
	(6)Required ratio for capital adequacy purposes to be well capitalized.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Reconciliation Of The Numerator And Denominator Of Basic EPS With That Of Diluted EPS	'
		Years Ended December 31,
		2013	2012	2011
	Earnings / (Loss)
	Net income (loss) from continuing operations	$              644.4	$           (535.8)	$                 83.9
	Net Income (loss) from discontinued operation	31.3	-56.5	-69.1
	Net income (loss)	$              675.7	$           (592.3)	$                 14.8
	Weighted Average Common Shares Outstanding
	Basic shares outstanding	200,503	200,887	200,678
	Stock-based awards(1)	1,192	-	137
	Diluted shares outstanding	201,695	200,887	200,815
	Basic Earnings Per common share data
	Income (loss) from continuing operations	$                3.21	$             (2.67)	$                 0.42
	Income (loss) from discontinued operation	0.16	-0.28	-0.35
		$                3.37	$             (2.95)	$                 0.07
	Diluted Earnings Per common share data
	Income (loss) from continuing operations	$                3.19	-2.67	0.42
	Income (loss) from discontinued operation	0.16	-0.28	-0.35
		$                3.35	$             (2.95)	$                 0.07
	(1) Represents the incremental shares from in-the-money non-qualified restricted stock awards, performance shares, and stock options. Weighted average options and restricted shares that were out-of-the money were excluded from diluted earnings per share and totaled 0.9 million, 1.5 million, and 0.9 million, for the December 31, 2013, 2012 and 2011 periods, respectively. Additionally, in 2013 there were approximately 0.2 million performance shares that were out of the money and also excluded from diluted earnings per share.

NonInterest_Income_Tables

Non-Interest Income (Tables)	12 Months Ended
	Dec. 31, 2013
Non-Interest Income [Abstract]	'
Schedule Of Components Of Non-Interest Income	'
	Non-interest Income (dollars in millions)
		Years Ended December 31,
		2013	2012	2011
	Rental income on operating leases	$           1,897.4	$            1,900.8	$            1,785.6
	Other Income:
	Gains on sales of leasing equipment	$              130.5	$               117.6	$               148.4
	Factoring commissions	122.3	126.5	132.5
	Fee revenues	101.5	86.1	97.3
	Gains on loan and portfolio sales	48.8	162.3	290.8
	Recoveries of loans charged off pre-emergence and loans charged off prior to transfer to held for sale	21.9	54.3	124.1
	Counterparty receivable accretion	8.6	88.7	101.4
	Gain on investments	8.2	40.2	45.7
	Gains (losses) on derivatives and foreign currency exchange	1.0	-5.7	-5.2
	Impairment on assets held for sale	-124	-115.1	-89
	Other revenues	62.5	59.8	108.2
	Total other income	381.3	614.7	954.2
	Total non-interest income	$           2,278.7	$            2,515.5	$            2,739.8

Other_Expenses_Tables

Other Expenses (Tables)	12 Months Ended
	Dec. 31, 2013
Other Expenses [Abstract]	'
Schedule Of Components Of Other Expenses	'
	Other Expenses (dollars in millions)
		Years Ended December 31,
		2013	2012	2011
	Depreciation on operating lease equipment	$              540.6	$              513.2	$              538.6
	Maintenance and other operating lease expenses	163.1	139.4	157.8
	Operating expenses:
	Compensation and benefits	535.4	537.1	490.5
	Technology	83.3	81.6	75.1
	Professional fees	69.1	63.8	120.0
	Provision for severance and facilities exiting activities	36.9	22.7	13.1
	Net occupancy expense	35.3	36.1	38.7
	Advertising and marketing	25.2	36.5	10.5
	Other expenses(1)	185.0	116.2	112.8
	Total operating expenses	970.2	894.0	860.7
	Loss on debt extinguishments	-	61.2	134.8
	Total other expenses	$           1,673.9	$           1,607.8	$           1,691.9
		-1	Includes $50 million related to a tax settlement agreement with Tyco International Ltd.

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2013
Income Taxes [Abstract]	'
Components Of Income (Loss) Before Provision/(Benefit) For Income Taxes	'
		Years Ended December 31,
		2013		2012		2011
	U.S.	$              374.2		$         (1,004.3)		$                    (593.0)
	Non-U.S.	360.0		588.9		838.9
	Income (loss) before provision for income taxes	$              734.2		$            (415.4)		$                      245.9
Schedule Of Provision/(Benefit) For Income Taxes	'
		Years Ended December 31,
		2013		2012		2011
	Current federal income tax provision	$                  0.1		$                  1.5		$                         1.1
	Deferred federal income tax provision	18.9		9.5		18.6
	Total federal income tax provision	19.0		11.0		19.7
	Current state and local income tax provision	6.0		16.1		10.8
	Deferred state and local income tax provision/(benefit)	1.0		-2.1		1.0
	Total state and local income tax provision	7.0		14.0		11.8
	Total foreign income tax provision	66.5		108.8		127.1
	Total provision for income taxes	$                92.5		$              133.8		$                     158.6
	Continuing operations	$                83.9		$              116.7		$                     157.0
	Discontinued operation	8.6		17.1		1.6
	Total provision for income taxes	$                92.5		$              133.8		$                     158.6
Schedule Of Percentage Of Pretax Income	'
		Effective Tax Rate
		2013			2012			2011
	Continuing Operations	Pretax Income	Income tax expense (benefit)	Percent of pretax income	Pretax (loss)	Income tax expense (benefit)	Percent of pretax (loss)	Pretax income	Income tax expense (benefit)	Percent of pretax income
	Federal income tax rate	$                   734.2	$              256.9	35.0%	$              (415.4)	$            (145.3)	35.0%	$              245.9	$                  86.0	35.0%
	Increase (decrease) due to:
	State and local income taxes, net of federal income tax benefit		6.2	0.8		13.5	-3.2		10.2	4.1
	Lower tax rates applicable to non-U.S. earnings		-97.1	-13.2		-152.9	36.8		-177.4	-72.2
	Foreign income subject to U.S. tax		55.7	7.6		322.5	-77.7		306.9	124.9
	Unrecognized tax benefits		0.3	-		-227.8	54.9		101.3	41.2
	Deferred income taxes on foreign unremitted earnings		-24.7	-3.4		112.0	-27		86.3	35.1
	Valuation allowances		-100.6	-13.7		211.4	-50.9		-225.5	-91.7
	International tax settlements		-11.2	-1.5		-	-		-	-
	Other		-1.6	-0.2		-16.7	4.0		-30.8	-12.5
	Total Effective Tax Rate  - Continuing operations		$                83.9	11.4%		$              116.7	-28.10%		$                157.0	63.9%
	Discontinued Operation
	Federal income tax rate	$                     39.9	$               14.0	35.0%	$               (39.4)	$             (13.7)	35.0%	$             (67.5)	$               (23.6)	35.0%
	Increase (decrease) due to:
	State and local income taxes, net of federal income tax benefit		0.7	1.7		0.5	-1.4		1.6	-2.3
	Lower tax rates applicable to non-U.S. earnings		15.3	38.5		11.9	-30.3		-	-
	Foreign income subject to U.S. tax		-17.9	-44.9		-17.4	44.1		-	-
	Valuation allowances		-3.5	-8.8		35.8	-91.1		23.6	-35
	Total Effective Tax Rate  - Discontinued operation		$                 8.6	21.5%		$               17.1	-43.70%		$                    1.6	-2.30%
	Total Effective Tax Rate		$               92.5	11.9%		$             133.8	-29.40%		$                158.6	89.0%
Schedule Of Tax Effects Of Deferred Income Tax Assets And Liabilities	'
		December 31,
		2013		2012
	Deferred Tax Assets:
	Net operating loss (NOL) carry forwards	2,694.7		$            2,552.9
	Loans and direct financing leases	166.4		232.7
	Provision for credit losses	147.9		153.4
	Accrued liabilities and reserves	97.2		116.8
	FSA adjustments - aircraft and rail contracts	52.8		73.6
	Other	114.0		176.2
	Total gross deferred tax assets	3,273.0		3,305.6
	Deferred Tax Liabilities:
	Operating leases	-1,549.30		-1,317.60
	Foreign unremitted earnings	-168.5		-198.4
	Debt	-97.7		-115.7
	Goodwill and intangibles	-47.3		-32.8
	Other	-71.4		-152.8
	Total deferred tax liabilities	-1,934.20		-1,817.30
	Total net deferred tax asset before valuation allowances	1,338.8		1,488.3
	Less:  Valuation allowances	-1,495.30		-1,578.90
	Net deferred tax liability after valuation allowances	$             (156.5)		$               (90.6)
Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits	'
		Liabilities for Unrecognized Tax Benefits		Interest/          Penalties		Grand Total
	Balance at December 31, 2012	$              317.8		$                12.6		$                      330.4
	Additions for tax positions related to current year	1.4		0.2		1.6
	Additions for tax positions related to prior years	2.0		0.8		2.8
	Settlements and payments	-0.5		-		-0.5
	Expiration of statutes of limitations	-0.8		-		-0.8
	Foreign currency revaluation	0.2		-0.3		-0.1
	Balance at December 31, 2013	$              320.1		$                13.3		$                      333.4

Retirement_Postretirement_And_

Retirement, Postretirement And Other Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2013
Retirement, Postretirement And Other Benefit Plans [Abstract]	'
Obligations And Funded Status	'
		Retirement Benefits		Post-Retirement Benefits
		2013	2012	2013	2012
	Change in benefit obligation
	Benefit obligation at beginning of year	$              480.8	$              470.3	$                42.3	$                50.2
	Service cost (1)	0.5	14.5	0.1	0.8
	Interest cost	17.8	19.9	1.6	1.9
	Plan amendments, curtailments, and settlements	-1.7	-22.4	0.6	-9
	Actuarial loss/(gain)	-20.1	41.7	-2.8	1.2
	Benefits paid	-25.3	-44.7	-4.7	-4.7
	Other(2)	0.4	1.5	1.7	1.9
	Benefit obligation at end of year	452.4	480.8	38.8	42.3
	Change in plan assets
	Fair value of plan assets at beginning of period	346.3	324.6	-	-
	Actual return on plan assets	16.0	41.3	-	-
	Employer contributions	21.1	24.0	3.0	3.4
	Plan settlements	-1.7	-0.2	-0.1	-0.7
	Benefits paid	-25.3	-44.7	-4.7	-4.7
	Other(2)	0.5	1.3	1.8	2.0
	Fair value of plan assets at end of period	356.9	346.3	-	-
	Funded status at end of year(3)(4)	$              (95.5)	$            (134.5)	$              (38.8)	$              (42.3)
		-1	The retirement benefit plan was frozen and the post-retirement benefit plan discontinued benefits effective December 31, 2012, as such, there was no service cost incurred on those plans in the year ended December 31, 2013.
		-2	Consists of any of the following: plan participants’ contributions, termination benefits, retiree drug subsidy, and currency translation adjustments.
		-3	These amounts were recognized as liabilities in the Consolidated Balance Sheet at December 31, 2013 and 2012.
		-4	Company assets of $95.7 million and $99.2 million as of December 31, 2013 and December 31, 2012, respectively, related to the non-qualified U.S. executive retirement plan obligation are not included in plan assets but related liabilities are in the benefit obligation.
Defined Benefit Plans With Accumulated Benefit Obligation In Excess Of Plan Assets	'
		December 31,
		2013	2012
	Projected benefit obligation	421.4	$              458.8
	Accumulated benefit obligation	418.8	455.6
	Fair value of plan assets	325.9	319.0
Net Periodic Benefit Cost And Other Amounts Recognized In OCI	'
	Net Periodic Benefit Costs and Other Amounts (dollars in millions)
		Retirement Benefits			Post-Retirement Benefits
		2013	2012	2011	2013	2012	2011
	Service cost	$                           0.5	$                        14.5	$                         13.0	$                           0.1	$                    0.8	$                    0.9
	Interest cost	17.8	19.9	22.5	1.6	1.9	2.4
	Expected return on plan assets	-18.9	-18.4	-20.3	-	-	-
	Amortization of prior service cost	-	-	-	-0.6	-0.3	-
	Amortization of net loss/(gain)	1.0	2.1	-	-0.2	-0.4	-0.2
	Settlement and curtailment (gain)/loss	0.2	-0.6	0.9	-0.3	-	-
	Termination benefits	-	0.3	-	-	-	-
	Net periodic benefit cost	$                           0.6	$                        17.8	$                         16.1	0.6	$                    2.0	$                    3.1
	Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income
	Net (gain)/loss	-17.1	-2.6	58.0	-2.5	0.6	1.6
	Prior service cost (credit)	-	-	-	-	-7.7	-
	Amortization, settlement or curtailment recognition of net gain/(loss)	-1.1	-2.2	-0.3	0.1	0.4	0.2
	Amortization, settlement or curtailment recognition of prior service (cost)/credit	-	-	-	1.4	0.2	-
	Total recognized in OCI	-18.2	-4.8	57.7	-1	-6.5	1.8
	Total recognized in net periodic benefit cost and OCI	$                        (17.6)	$                        13.0	$                         73.8	$                          (0.4)	$                 (4.5)	$                    4.9
Weighted Average Assumptions Used In Measurement Of Benefit Obligations	'
	Weighted Average Assumptions	Retirement Benefits		Post-Retirement Benefits
		2013	2012	2013	2012
	Discount rate	4.59%	3.80%	4.50%	3.74%
	Rate of compensation increases	3.03%	3.03%	-1	3.00%
	Health care cost trend rate
	Pre-65	-1	-1	7.40%	7.60%
	Post-65	-1	-1	7.60%	7.80%
	Ultimate health care cost trend rate	-1	-1	4.50%	4.50%
	Year ultimate reached	-1	-1	2029	2029
Weighted Average Assumptions Used To Determine Net Periodic Benefit Costs	'
	Weighted Average Assumptions	Retirement Benefits		Post-Retirement Benefits
		2013	2012	2013	2012
	Discount rate	3.81%	4.30%	3.86%	4.31%
	Expected long-term return on plan assets	5.57%	5.56%	-1	-1
	Rate of compensation increases	3.03%	3.00%	3.00%	3.00%
Asset Fair Value Measurements	'
	The tables below set forth asset fair value measurements.
	Fair Value Measurements (dollars in millions)
	31-Dec-13	Level 1	Level 2	Level 3	Total Fair Value
	Cash	$                           0.2	$                             -	$                              -	$                          0.2
	Mutual Fund	70.4	-	-	70.4
	Common Collective Trust	-	179.3	-	179.3
	Common Stock	18.1	-	-	18.1
	Exchange Traded Funds	21.2	-	-	21.2
	Short Term Investment Fund	-	4.1	-	4.1
	Partnership	-	-	9.7	9.7
	Hedge Fund	-	-	22.9	22.9
	Insurance Contracts	-	-	31.0	31.0
		$                       109.9	$                     183.4	$                        63.6	$                      356.9
	31-Dec-12	Level 1	Level 2	Level 3	Total Fair Value
	Cash	$                           0.3	$                             -	$                              -	$                          0.3
	Mutual Fund	62.7	-	-	62.7
	Common Collective Trust	-	183.0	-	183.0
	Common Stock	23.3			23.3
	Exchange Traded Funds	19.6		-	19.6
	Short Term Investment Fund	-	5.5	-	5.5
	Partnership	-	-	10.5	10.5
	Hedge Fund	-	-	13.9	13.9
	Unitized Insurance Fund	-	27.2	-	27.2
	Insurance Contracts	-	-	0.3	0.3
		$                       105.9	$                     215.7	$                        24.7	$                      346.3
Changes In Fair Value Of Plans Level 3 Assets	'
	Fair Value of Level 3 Assets  (dollars in millions)	Total	Partnership	Hedge Funds	Insurance Contracts
	31-Dec-12	$                         24.7	$                        10.5	$                         13.9	$                           0.3
	Realized and Unrealized Gains (Losses)	1.1	-0.8	1.9	-
	Purchases, sales, and settlements, net	37.8	-	7.1	30.7
	31-Dec-13	$                         63.6	$                          9.7	$                         22.9	$                         31.0
	Change in Unrealized Gains (Losses) for Investments still held at December 31, 2013	$                           1.0	$                         (0.8)	$                           1.8	$                               -
Summary Of Projected Benefits To Be Paid From Plan Assets Or From General Assets Using Current Actuarial Assumptions	'
	Projected Benefits (dollars in millions)
	For the years ended December 31,	Retirement Benefits	Gross Postretirement Benefits	Medicare Subsidy
	2014	26.3	3.5	0.4
	2015	26.4	3.4	0.4
	2016	26.3	3.3	0.4
	2017	25.9	3.3	0.4
	2018	26.5	3.2	0.5
	2019-2023	136.1	14.1	1.2
Summary Of Restricted Stock and RSU Activity	'
	Stock and Cash-Settled Awards Outstanding	Stock-Settled Awards		Cash-Settled Awards
	31-Dec-13	Number of Shares	Weighted Average Grant Date Value	Number of Shares	Weighted Average Grant Date Value
	Unvested at beginning of period	1,883,292	$                    40.15	9,677	$                      39.56
	Vested / unsettled Stock Salary at beginning of period	114,119	38.20	3,247	39.05
	PSUs - granted to employees	111,046	42.55	-	-
	RSUs - granted to employees	1,015,861	42.76	-	-
	RSUs - granted to directors	23,551	44.27	2,549	44.14
	Forfeited / cancelled	-40,697	41.62	-	-
	Vested / settled awards	-872,643	39.81	-7,800	39.31
	Vested / unsettled Stock Salary Awards	-15,066	41.46	-2,165	39.05
	Unvested at end of period	2,219,463	$                    41.51	5,508	$                      41.93
	31-Dec-12
	Unvested at beginning of period	979,393	$                    42.40	13,964	$                      40.12
	Vested / unsettled Stock Salary at beginning of period	72,238	39.27	-	-
	PSUs - granted to employees	106,511	41.31	-	-
	RSUs - granted to employees	1,130,494	38.90	8,117	39.05
	RSUs - granted to directors	30,409	35.84	1,815	35.80
	Forfeited / cancelled	-56,735	40.28	-	-
	Vested / settled awards	-264,899	43.68	-10,972	39.42
	Vested / unsettled Stock Salary Awards	-114,119	38.20	-3,247	39.05
	Unvested at end of period	1,883,292	$                    40.15	9,677	$                      39.56

Commitments_Tables

Commitments (Tables)	12 Months Ended
	Dec. 31, 2013
Commitments [Abstract]	'
Summary Of Credit-Related Commitments And Purchase And Funding Commitments	'
		31-Dec-13			December 31,
		Due to Expire			2012
		Within	After	Total	Total
		One Year	One Year	Outstanding	Outstanding
	Financing Commitments
	Financing and leasing assets	$                 799.7	$               3,526.1	$            4,325.8	$                 3,301.2
	Letters of credit
	Standby letters of credit	36.8	265.5	302.3	238.5
	Other letters of credit	35.9	-	35.9	53.6
	Guarantees
	Deferred purchase credit protection agreements	1,771.6	-	1,771.6	1,841.5
	Guarantees, acceptances and other recourse obligations	3.9	-	3.9	17.4
	Purchase and Funding Commitments
	Aerospace manufacturer purchase commitments	729.3	8,015.2	8,744.5	9,168.3
	Rail and other manufacturer purchase commitments	648.9	405.1	1,054.0	927.4
	Commercial loan portfolio purchase commitment	-	-	-	1,258.3

Pledged_Assets_And_Lease_Commi1

Pledged Assets And Lease Commitments (Tables)	12 Months Ended
	Dec. 31, 2013
Pledged Assets And Lease Commitments [Abstract]	'
Future Minimum Rental Payments	'
	Future Minimum Rentals     (dollars in millions)
	Years Ended December 31,
	2014	$                           31.6
	2015	29.5
	2016	26.8
	2017	23.1
	2018	22.4
	Thereafter	53.2
	Total	$                         186.6
Schedule Of Rental Expense For Premises, Net Of Sublease Income, And Equipment	'
			Years Ended December 31,
	(dollars in millions)		2013	2012	2011
	Premises		$                           19.0	$                           19.8	$                           22.7
	Equipment		3.0	2.9	2.7
	Total		$                           22.0	$                           22.7	$                           25.4

Business_Segment_Information_T

Business Segment Information (Tables)	12 Months Ended
	Dec. 31, 2013
Business Segment Information [Abstract]	'
Segment Profit And Assets	'
		Transportation & International Finance	North American Commerical Finance	Non-Strategic Portfolios	Corporate & Other	Total CIT
	For the year ended December 31, 2013
	Interest income	$                                               254.9	$                                                     828.6	$                                                  157.2	$                                                  14.5	$                                      1,255.2
	Interest expense	-585.5	-284.3	-130.2	-60.9	-1,060.90
	Provision for credit losses	-18.7	-35.5	-10.8	0.1	-64.9
	Rental income on operating leases	1,682.4	104.0	111.0	-	1,897.4
	Other income	82.2	306.5	-14.6	7.2	381.3
	Depreciation on operating lease equipment	-433.3	-75.1	-32.2	-	-540.6
	Maintenance and other operating lease expenses	-163	-	-0.1	-	-163.1
	Operating expenses	-255.3	-479.5	-143.1	-92.3	-970.2
	Income (loss) from continuing operations before (provision) benefit for income taxes	$                                      563.7	$                                            364.7	$                                         (62.8)	$                                      (131.4)	$                                 734.2
	Select Period End Balances
	Loans	$                                            3,494.4	$                                                14,693.1	$                                                  441.7	$                                                        -	$                                    18,629.2
	Credit balances of factoring clients	-	-1,336.10	-	-	-1,336.10
	Assets held for sale	158.5	38.2	806.7	-	1,003.4
	Operating lease equipment, net	12,778.5	240.5	16.4	-	13,035.4
	For the year ended December 31, 2012
	Interest income	$                                               218.2	$                                                     976.5	$                                                  180.3	$                                                  19.0	$                                      1,394.0
	Interest expense	-1,331.50	-750.9	-262.4	-320.9	-2,665.70
	Provision for credit losses	-14.5	-44	7.3	-0.2	-51.4
	Rental income on operating leases	1,666.3	99.4	135.1	-	1,900.8
	Other income	65.8	555.2	-9.1	2.8	614.7
	Depreciation on operating lease equipment	-410.9	-71.9	-30.4	-	-513.2
	Maintenance and other operating lease expenses	-139.3	-	-0.1	-	-139.4
	Operating expenses	-220.3	-497	-145.7	-31	-894
	Loss on debt extinguishments	-	-	-	-61.2	-61.2
	Income (loss) from continuing operations before (provision) benefit for income taxes	$                                     (166.2)	$                                            267.3	$                                       (125.0)	$                                      (391.5)	$                                (415.4)
	Select Period End Balances
	Loans	$                                            2,556.5	$                                                13,084.4	$                                               1,512.2	$                                                        -	$                                    17,153.1
	Credit balances of factoring clients	-	-1,256.50	-	-	-1,256.50
	Assets held for sale	173.6	42.1	429.1	-	644.8
	Operating lease equipment, net	12,178.0	150.9	82.8	-	12,411.7
	For the year ended December 31, 2011
	Interest income	$                                               236.1	$                                                   1,460.9	$                                                  254.1	$                                                  20.8	$                                      1,971.9
	Interest expense	-965.8	-954.3	-258.4	-325.7	-2,504.20
	Provision for credit losses	-20.5	-228.4	-20.8	-	-269.7
	Rental income on operating leases	1,514.3	101.2	170.1	-	1,785.6
	Other income	118.4	725.2	108.0	2.6	954.2
	Depreciation on operating lease equipment	-363.1	-98.3	-77.2	-	-538.6
	Maintenance and other operating lease expenses	-157.8	-	-		-157.8
	Operating expenses	-198	-448.5	-170.1	-44.1	-860.7
	Loss on debt extinguishments	-	-	-	-134.8	-134.8
	Income (loss) from continuing operations before (provision) benefit for income taxes	$                                      163.6	$                                             557.8	$                                             5.7	$                                      (481.2)	$                                 245.9
	Select Period End Balances
	Loans	$                                            1,848.1	$                                                 11,894.7	$                                               1,483.0	$                                                        -	$                                    15,225.8
	Credit balances of factoring clients	-	-1,225.50	-	-	-1,225.50
	Assets held for sale	84.0	186.6	410.1	-	680.7
	Operating lease equipment, net	11,770.7	169.4	66.3	-	12,006.4
Geographic Regions	'
			Total Assets (3)	Total Revenue from continuing operations	Income (loss) from continuing operations before provision for income taxes	Income (loss) from continuing operations before attribution of noncontrolling interests
	U.S. (3)	2013	$                              34,121.0	$                                       2,201.7	$                                       374.2	$                                           354.6
		2012	30,829.1	2,464.2	-1,004.30	-1,046.10
		2011	32,338.3	2,910.4	-593	-618.4
	Europe	2013	$                                7,679.6	$                                          807.4	$                                       167.3	$                                           121.5
		2012	7,274.9	822.7	224.7	195.4
		2011	6,938.2	897.6	238.8	196.3
	Other foreign (1) (2)	2013	$                                5,338.4	$                                          524.8	$                                       192.7	$                                           174.2
		2012	5,908.0	622.6	364.2	318.6
		2011	5,986.9	903.7	600.1	511.0
	Total consolidated	2013	$                              47,139.0	$                                       3,533.9	$                                       734.2	$                                           650.3
		2012	44,012.0	3,909.5	-415.4	-532.1
		2011	45,263.4	4,711.7	245.9	88.9
		-1		Includes Canada region results which had income before income taxes of $79.5 million in 2013, $164.3 million in 2012 and $257.7 million in 2011 and income before noncontrolling interests of $69.2 million in 2013, $112.0 million in 2012 and $207.0 million in 2011.
		-2		Includes Caribbean region results which had income before income taxes of $49.6 million in 2013, $203.5 million in 2012 and $230.4 million in 2011 and income before noncontrolling interests of $50.4 million in 2013, $199.7 million in 2012 and $228.2 million in 2011.
		-3		Includes Assets of discontinued operation of $3,821.4 million at December 31, 2013, $4,202.6 million at December 31, 2012, and $7,021.9 million at December 31, 2011.  The Assets of discontinued operation are in the U.S.

Goodwill_And_Intangible_Assets1

Goodwill And Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2013
Goodwill And Intangible Assets [Abstract]	'
Schedule Of Goodwill	'
		Transportation & International Finance	North American Commercial Finance	Non-Strategic Portfolios	Total
	31-Dec-11	$                    183.1	$                 151.5	$                  11.3	$                345.9
	31-Dec-12	183.1	151.5	11.3	345.9
	Activity	-	-	-11.3	-11.3
	31-Dec-13	$                    183.1	$                 151.5	$                       -	$                334.6
Schedule Of Intangible Assets	'
		Transportation & International Finance
	31-Dec-11	$                      63.6
	Amortization	-24.8
	Activity	-6.9
	31-Dec-12	31.9
	Amortization	-11.6
	31-Dec-13	$                      20.3

Severance_And_Facility_Exiting1

Severance And Facility Exiting Reserves (Tables)	12 Months Ended
	Dec. 31, 2013
Severance And Facility Exiting Reserves [Abstract]	'
Summary Of Liabilities (Pre-Tax) Related To Closing Facilities And Employee Severance	'
		Severance		Facilities
		Number of Employees	Liability	Number of Facilities	Liability	Total Liabilities
	December 31. 2011	79	$                  3.5	19	$                   44.8	$                              48.3
	Additions and adjustments	193	20.5	5	3.4	23.9
	Utilization	-209	-16.7	-8	-9.4	-26.1
	December 31. 2012	63	7.3	16	38.8	46.1
	Additions and adjustments	274	33.4	3	3.7	37.1
	Utilization	-212	-23	-3	-9.2	-32.2
	31-Dec-13	125	$                17.7	16	$                   33.3	$                              51.0

Parent_Company_Financial_State1

Parent Company Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2013
Parent Company Financial Statements [Abstract]	'
Condensed Parent Company Only Balance Sheet	'
		December 31,	December 31,
		2013	2012
	Assets:
	Cash and deposits	$                 1,533.5	$                  1,307.4
	Cash held at bank subsidiary	62.0	15.2
	Investment securities	2,096.6	750.3
	Receivables from nonbank subsidiaries	12,871.1	15,197.9
	Receivables from bank subsidiaries	5.6	15.6
	Investment in nonbank subsidiaries	6,533.4	6,547.2
	Investment in bank subsidiaries	2,599.6	2,437.2
	Goodwill	334.6	345.9
	Other assets	853.2	547.7
	Total Assets	$               26,889.6	$                27,164.4
	Liabilities and Equity:
	Long-term borrowings	$               12,531.6	$                11,822.6
	Liabilities to nonbank subsidiaries	4,840.9	6,386.8
	Other liabilities	678.3	620.2
	Total Liabilities	18,050.8	18,829.6
	Total Stockholders’ Equity	8,838.8	8,334.8
	Total Liabilities and Equity	$               26,889.6	$                27,164.4
Condensed Parent Company Only Statements Of Operations And Comprehensive Income	'
		Years Ended December 31,
		2013	2012	2011
	Income
	Interest income from nonbank subsidiaries	$                    636.6	$                    737.6	$                  730.0
	Interest and dividends on interest bearing deposits and investments	2.0	2.6	3.2
	Dividends from nonbank subsidiaries	551.1	834.0	-
	Other income from subsidiaries	50.8	181.0	413.7
	Other income	-4.6	-37.7	47.8
	Total income	1,235.9	1,717.5	1,194.7
	Expenses
	Interest expense	-686.9	-2,345.90	-2,141.50
	Interest expense on liabilities to subsidiaries	-199.6	-293.6	-568.1
	Other expenses	-220.4	-242.3	-420.4
	Total expenses	-1,106.90	-2,881.80	-3,130.00
	Income (loss) before income taxes and equity in undistributed net income of subsidiaries	129.0	-1,164.30	-1,935.30
	Benefit for income taxes	367.9	482.2	656.6
	Income (loss) before equity in undistributed net income of subsidiaries	496.9	-682.1	-1,278.70
	Equity in undistributed net income of bank subsidiaries	95.9	41.3	67.2
	Equity in undistributed net income of nonbank subsidiaries	82.9	48.5	1,226.3
	Net income (loss)	675.7	-592.3	14.8
	Other Comprehensive income (loss), net of tax	4.1	4.9	-81.5
	Comprehensive income (loss)	$                    679.8	$                  (587.4)	$                 (66.7)
Condensed Parent Company Only Statements Of Cash Flows	'
		Years Ended December 31,
		2013	2012	2011
	Cash Flows From Operating Activities:
	Net income (loss)	$                    675.7	$                  (592.3)	$                   14.8
	Equity in undistributed (earnings) losses of subsidiaries	-178.8	-89.8	-1,293.50
	Other operating activities, net	-88.2	1,524.3	2,704.1
	Net cash flows provided by operations	408.7	842.2	1,425.4
	Cash Flows From Investing Activities:
	Decrease (Increase) in investments and advances to subsidiaries	21.0	4,053.1	17,291.2
	(Increase) decrease in Investment securities	-1,346.20	89.1	-839.4
	Net cash flows (used in) provided by investing activities	-1,325.20	4,142.2	16,451.8
	Cash Flows From Financing Activities:
	Proceeds from the issuance of term debt	735.2	9,750.0	2,000.0
	Repayments of term debt	-60.5	-15,239.80	-6,020.60
	Repurchase of common stock	-193.4	-	-
	Dividends paid	-20.1	-	-
	Net change in liabilities to subsidiaries	728.2	-1,139.50	-13,614.70
	Net cash flows provided by (used in) financing activities	1,189.4	-6,629.30	-17,635.30
	Net increase (decrease) in unrestricted cash and cash equivalents	272.9	-1,644.90	241.9
	Unrestricted cash and cash equivalents, beginning of period	1,322.6	2,967.5	2,725.6
	Unrestricted cash and cash equivalents, end of period	$                 1,595.5	$                 1,322.6	$              2,967.5

Selected_Quarterly_Financial_D1

Selected Quarterly Financial Data (Tables)	12 Months Ended
	Dec. 31, 2013
Selected Quarterly Financial Data [Abstract]	'
Schedule Of Selected Quarterly Financial Data	'
		Unaudited
		Fourth Quarter			Third Quarter			Second Quarter			First Quarter
		As			As			As			As
		Reported	Adjustments	Adjusted	Reported	Adjustments	Adjusted	Reported	Adjustments	Adjusted	Reported	Adjustments	Adjusted
	For the year ended December 31, 2013
	Interest income	$           338.0	$             (30.8)	$            307.2	$            337.4	$                   (31.0)	$              306.4	$             351.6	$                      (32.5)	$                     319.1	$                     355.8	$                      (33.3)	$                     322.5
	Interest expense	-286.7	19.2	-267.5	-278	21.3	-256.7	-281.4	18.8	-262.6	-291.9	17.8	-274.1
	Provision for credit losses	-14.4	-	-14.4	-16.4	-	-16.4	-14.6	-	-14.6	-19.5	-	-19.5
	Rental income on operating leases	431.9	31.9	463.8	441.1	31.8	472.9	452.4	31.9	484.3	444.9	31.5	476.4
	Other income	127.9	-0.3	127.6	104.8	-0.3	104.5	79.3	-0.1	79.2	70.1	-0.1	70.0
	Depreciation on operating lease equipment	-145.9	6.4	-139.5	-143	8.8	-134.2	-141.3	7.7	-133.6	-143.3	10.0	-133.3
	Maintenance and other operating lease expenses	-	-39	-39	-	-41.4	-41.4	-	-40.3	-40.3	-	-42.4	-42.4
	Operating expenses	-287.5	3.1	-284.4	-232.2	3.4	-228.8	-229.7	3.6	-226.1	-235.3	4.4	-230.9
	Provision for income taxes	-31.2	2.6	-28.6	-13.9	0.7	-13.2	-32.2	2.9	-29.3	-15.2	2.4	-12.8
	Noncontrolling interests, after tax	-2.2	-	-2.2	-0.2	-	-0.2	-0.5	-	-0.5	-3	-	-3
	Income (loss) from discontinued operation	-	6.9	6.9	-	6.7	6.7	-	8.0	8.0	-	9.7	9.7
	Net income	$           129.9	$               (0.0)	$            129.9	$            199.6	$                     (0.0)	$              199.6	$             183.6	$                         0.0	$                     183.6	$                     162.6	$                        (0.0)	$                     162.6
	Net income per diluted share	$             0.65	$                    -	$              0.65	$              0.99	$                          -	$                0.99	$               0.91	$                             -	$                       0.91	$                       0.81	$                             -	$                       0.81
	For the year ended December 31, 2012
	Interest income	$           357.0	$             (35.2)	$            321.8	$            375.5	$                   (44.2)	$              331.3	$             410.3	$                      (47.1)	$                     363.2	$                     426.3	$                      (48.6)	$                     377.7
	Interest expense	-366.6	96.8	-269.8	-816	43.1	-772.9	-634.2	26.4	-607.8	-1,080.60	65.4	-1,015.20
	Provision for credit losses	-0.1	0.1	-	-	-	-	-8.9	-	-8.9	-42.6	0.1	-42.5
	Rental income on operating leases	452.0	28.3	480.3	445.8	29.3	475.1	446.2	29.3	475.5	440.6	29.3	469.9
	Other income	171.7	-19.3	152.4	86.7	-1.1	85.6	139.4	-16.3	123.1	255.3	-1.7	253.6
	Depreciation on operating lease equipment	-130.3	2.8	-127.5	-134.5	8.0	-126.5	-130.8	5.5	-125.3	-137.6	3.7	-133.9
	Maintenance and other operating lease expenses	-	-31.9	-31.9	-	-38.1	-38.1	-	-35.6	-35.6	-	-33.8	-33.8
	Operating expenses	-231.9	5.1	-226.8	-235.2	6.1	-229.1	-226.8	6.0	-220.8	-224.3	7.0	-217.3
	Loss on debt extinguishments	-	-	-	-16.8	-	-16.8	-21.5	-	-21.5	-22.9	-	-22.9
	Provision for income taxes	-44.2	7.2	-37	-3.9	1.2	-2.7	-45.4	6.9	-38.5	-40.3	1.8	-38.5
	Noncontrolling interests, after tax	-0.8	-	-0.8	-0.8	-	-0.8	-1.2	-	-1.2	-0.9	-	-0.9
	Income (loss) from discontinued operation	-	-53.9	-53.9	-	-4.3	-4.3	-	24.9	24.9	-	-23.2	-23.2
	Net income (loss)	$           206.8	$               (0.0)	$            206.8	$          (299.2)	$                      0.0	$             (299.2)	$              (72.9)	$                         0.0	$                      (72.9)	$                    (427.0)	$                        (0.0)	$                    (427.0)
	Net income (loss) per diluted share	$             1.03	$                    -	$              1.03	$            (1.49)	$                          -	$               (1.49)	$              (0.36)	$                             -	$                      (0.36)	$                      (2.13)	$                             -	$                      (2.13)

Business_And_Summary_Of_Signif2

Business And Summary Of Significant Accounting Policies (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Sep. 30, 2013	Dec. 31, 2013
Minimum delinquency period which triggers the reversal of uncollected revenue accrued	'	'	'90 days
Minimum amount of impaired finance receiables before being placed on nonaccrual status	'	'	$500,000
Period after which loan is considered past due	'	'	'30 days
Vesting period	'	'	'3 years
Relassification from interest-bearing deposits to cash and due from banks	$300,000,000	$430,000,000	'
Maximum [Member]	'	'	'
Days of contractual delinquency before recording finance receivables	'	'	'150 days
Minimum [Member]	'	'	'
Days of contractual delinquency before recording finance receivables	'	'	'120 days

Discontinued_Operation_Narrati

Discontinued Operation (Narrative) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Discontinued Operation [Abstract]	'	'	'
Student Loan portfolio assets held for sale	$3,374.50	$1.50	'
Discount associated with loans receivable balance	184	'	'
Long-term borrowings (secured)	3,265.60	3,630.90	'
FSA	231	'	'
Indirect overhead expense of Student Lending business	$8.80	$15.30	$29.40

Discontinued_Operation_Assets_

Discontinued Operation (Assets And Liabilities Of Discontinued Operation) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
In Millions, unless otherwise specified
Discontinued Operation [Abstract]	'	'	'
Assets held for sale	$3,374.50	$1.50	'
Cash	94.5	111.7	'
Loans	'	3,694.50	'
Other assets	352.4	394.9	'
Total assets	3,821.40	4,202.60	7,021.90
Long-term borrowings (secured)	3,265.60	3,630.90	'
Other liabilities	12	17.9	'
Total Liabilities	$3,277.60	$3,648.80	'

Discontinued_Operation_Operati

Discontinued Operation (Operating Results Of Discontinued Operation) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Discontinued Operation [Abstract]	'	'	'
Total interest income	$130.70	$178.30	$260
Total interest expense	-77.2	-231.8	-290.2
Other income	0.9	38.3	-1.4
Operating expenses	-14.5	-24.2	-35.9
Income before provision for income taxes	39.9	-39.4	-67.5
Provision for income taxes	-8.6	-17.1	-1.6
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent, Total	$31.30	($56.50)	($69.10)

Loans_Narrative_Details

Loans (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Loans [Abstract]	'	'
Threshold at which impaired finance receivables that are placed on non-accrual status are subject to individual review	$500,000	'
Period threshold at which impaired finance receivables that are placed on non-accrual status are subject to individual review, days	'90 days	'
Minimum consumer charge-offs past due, days	'120 days	'
Maximum consumer charge-offs past due, days	'150 days	'
Recorded investment of TDRs	220,900,000	289,100,000
Commitments to lend additional funds to borrowers	7,100,000	6,300,000
Percentage of investment in TDR corporate finance	74.00%	'
Percentage of TDRs non-accrual	33.00%	29.00%
Troubled debt restructuring, payment deferral rate	88.00%	86.00%
Troubled debt restructuring, covenant relief rate, other	11.00%	8.00%
Troubled debt restructuring, interest rate reductions	1.00%	6.00%
Debt forgiveness impact on combined financial statement	$12,200,000	$1,400,000

Loans_Schedule_Of_Finance_Rece

Loans (Schedule Of Finance Receivables) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified
Loans [Abstract]	'		'
Loans	$13,814.30	[1]	$12,387.80	[1]
Direct financing leases and leveraged leases	4,814.90	[1]	4,765.30	[1]
Finance receivables	18,629.20		17,153.10	[2]
Finance Receivables held for sale	794.3		301.3
Finance Receivables and held for sale receivables	$19,423.50	[3]	$17,454.40	[3]
[1]	In 2013, the Company discovered and corrected an immaterial error related to the classification of loans and leases at December 31, 2012. The 2012 amount has been conformed to the current year presentation.
[2]	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).
[3]	Assets held for sale in 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.

Loans_Finance_Receivables_By_S

Loans (Finance Receivables By Segment, Based On Obligor Location) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	$18,629.20	$17,153.10	[1]
Transportation And International Finance [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	3,494.40	2,556.50	[1]
North American Commercial Finance [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	14,693.10	13,084.40	[1]
Non-Strategic Portfolios [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	441.7	1,512.20	[1]
Domestic [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	13,981.20	13,018.80
Domestic [Member] | Transportation And International Finance [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	666.6	794.5
Domestic [Member] | North American Commercial Finance [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	13,196.70	11,549.40
Domestic [Member] | Non-Strategic Portfolios [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	117.9	674.9
Foreign [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	4,648	4,134.30
Foreign [Member] | Transportation And International Finance [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	2,827.80	1,762
Foreign [Member] | North American Commercial Finance [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	1,496.40	1,535
Foreign [Member] | Non-Strategic Portfolios [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Total	$323.80	$837.30
[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).

Loans_Components_Of_Net_Invest

Loans (Components Of Net Investment In Finance Receivables) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Loans [Abstract]	'	'
Unearned income	($942)	($989)
Equipment residual values	669.2	694.5
Unamortized premiums (discounts)	-47.9	-40.5
Net unamortized deferred costs and (fees)	49.7	51.4
Leveraged lease third party non-recourse debt payable	($203.80)	($227.90)

Loans_Finance_And_HeldForSale_

Loans (Finance And Held-For-Sale Receivables - By Risk Rating) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	$19,423.50	$17,454.40
Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	16,340.90	14,193.20
Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,972.20	1,932.60
Classified - accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	869.7	998.5
Classified- nonaccrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	240.7	330.1
Transportation And International Finance [Member] | Transportation Finance [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,767.50	1,334.60
Transportation And International Finance [Member] | Transportation Finance [Member] | Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,627.40	1,110.60
Transportation And International Finance [Member] | Transportation Finance [Member] | Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	28.6	94.3
Transportation And International Finance [Member] | Transportation Finance [Member] | Classified - accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	97.2	98.2
Transportation And International Finance [Member] | Transportation Finance [Member] | Classified- nonaccrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	14.3	31.5
Transportation And International Finance [Member] | International Finance [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,733.30	1,221.90
Transportation And International Finance [Member] | International Finance [Member] | Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,530.30	1,159
Transportation And International Finance [Member] | International Finance [Member] | Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	145.8	39
Transportation And International Finance [Member] | International Finance [Member] | Classified - accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	36.2	16.4
Transportation And International Finance [Member] | International Finance [Member] | Classified- nonaccrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	21	7.5
North American Commercial Finance [Member] | Corporate Finance [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	6,870	6,535.20
North American Commercial Finance [Member] | Corporate Finance [Member] | Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	5,783.10	5,331.20
North American Commercial Finance [Member] | Corporate Finance [Member] | Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	769.5	702.7
North American Commercial Finance [Member] | Corporate Finance [Member] | Classified - accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	233.6	344.8
North American Commercial Finance [Member] | Corporate Finance [Member] | Classified- nonaccrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	83.8	156.5
North American Commercial Finance [Member] | Equipment Finance [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	4,044.10	3,669.90
North American Commercial Finance [Member] | Equipment Finance [Member] | Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	3,355.20	2,969.70
North American Commercial Finance [Member] | Equipment Finance [Member] | Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	363.5	375.9
North American Commercial Finance [Member] | Equipment Finance [Member] | Classified - accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	266	269
North American Commercial Finance [Member] | Equipment Finance [Member] | Classified- nonaccrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	59.4	55.3
North American Commercial Finance [Member] | Real Estate Finance [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,554.80	616.1
North American Commercial Finance [Member] | Real Estate Finance [Member] | Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,554.80	616.1
North American Commercial Finance [Member] | Commercial Services [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	2,262.40	2,305.30
North American Commercial Finance [Member] | Commercial Services [Member] | Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,804.60	1,913.20
North American Commercial Finance [Member] | Commercial Services [Member] | Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	314.7	266.9
North American Commercial Finance [Member] | Commercial Services [Member] | Classified - accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	138.9	119.2
North American Commercial Finance [Member] | Commercial Services [Member] | Classified- nonaccrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	4.2	6
Subtotal [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	18,232.10	15,683
Subtotal [Member] | Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	15,655.40	13,099.80
Subtotal [Member] | Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,622.10	1,478.80
Subtotal [Member] | Classified - accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	771.9	847.6
Subtotal [Member] | Classified- nonaccrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	182.7	256.8
Non-Strategic Portfolios [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	1,191.40	1,771.40
Non-Strategic Portfolios [Member] | Pass [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	685.5	1,093.40
Non-Strategic Portfolios [Member] | Special Mention [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	350.1	453.8
Non-Strategic Portfolios [Member] | Classified - accruing [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	97.8	150.9
Non-Strategic Portfolios [Member] | Classified- nonaccrual [Member]	'	'
Financing Receivable, Recorded Investment [Line Items]	'	'
Financing Receivable	$58	$73.30

Loans_Schedule_Of_Finance_Rece1

Loans (Schedule Of Finance Receivables Delinquency Status) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	$243.10	$212.70
60-89 Days Past Due	52.8	37.8
90 Days or Greater	66.7	43.4
Total Past Due	362.6	293.9
Current	19,060.90	17,160.50
Total Finance Receivables	19,423.50	17,454.40
Subtotal [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	213.4	159.2
60-89 Days Past Due	44.9	28.5
90 Days or Greater	50.5	27.5
Total Past Due	308.8	215.2
Current	17,923.30	15,467.80
Total Finance Receivables	18,232.10	15,683
Non-Strategic Portfolios [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	29.7	53.5
60-89 Days Past Due	7.9	9.3
90 Days or Greater	16.2	15.9
Total Past Due	53.8	78.7
Current	1,137.60	1,692.70
Total Finance Receivables	1,191.40	1,771.40
Transportation Finance [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	18.3	4
60-89 Days Past Due	0.9	0.8
90 Days or Greater	0.5	0.7
Total Past Due	19.7	5.5
Current	1,747.80	1,329.10
Total Finance Receivables	1,767.50	1,334.60
International Finance [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	30.6	14
60-89 Days Past Due	11.6	4.5
90 Days or Greater	12.6	4.4
Total Past Due	54.8	22.9
Current	1,678.50	1,199
Total Finance Receivables	1,733.30	1,221.90
Corporate Finance [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
60-89 Days Past Due	'	0.3
90 Days or Greater	17.8	3.5
Total Past Due	17.8	3.8
Current	6,852.20	6,531.40
Total Finance Receivables	6,870	6,535.20
Equipment Finance [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	116.6	61.9
60-89 Days Past Due	30	19.5
90 Days or Greater	18.6	13.3
Total Past Due	165.2	94.7
Current	3,878.90	3,575.20
Total Finance Receivables	4,044.10	3,669.90
Real Estate Finance [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
Current	1,554.80	616.1
Total Finance Receivables	1,554.80	616.1
Commercial Services [Member]	'	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'	'
30-59 Days Past Due	47.9	79.3
60-89 Days Past Due	2.4	3.4
90 Days or Greater	1	5.6
Total Past Due	51.3	88.3
Current	2,211.10	2,217
Total Finance Receivables	$2,262.40	$2,305.30

Loans_Finance_Receivables_On_N

Loans (Finance Receivables On Non-accrual Status) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	$240.70	$330.10
Repossessed assets	7	9.9
Total non-performing assets	247.7	340
Total Accruing loans past due 90 days or more	9.9	3.4
Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	200	325.1
Held For Sale [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	40.7	5
Subtotal [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	182.7	256.8
Subtotal [Member] | Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	182.4	256.5
Subtotal [Member] | Held For Sale [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	0.3	0.3
Non-Strategic Portfolios [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	58	73.3
Non-Strategic Portfolios [Member] | Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	17.6	68.6
Non-Strategic Portfolios [Member] | Held For Sale [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	40.4	4.7
Transportation Finance [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	14.3	31.5
Transportation Finance [Member] | Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	14.3	31.5
International Finance [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	21	7.5
International Finance [Member] | Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	21	7.5
Corporate Finance [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	83.8	156.5
Corporate Finance [Member] | Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	83.5	156.2
Corporate Finance [Member] | Held For Sale [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	0.3	0.3
Equipment Finance [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	59.4	55.3
Equipment Finance [Member] | Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	59.4	55.3
Commercial Services [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	4.2	6
Commercial Services [Member] | Held For Investment [Member]	'	'
Finance Receivables Non Accrual Status By Type Of Holding [Line Items]	'	'
Total non-accrual loans	$4.20	$6

Loans_Impaired_Loans_Details

Loans (Impaired Loans) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	$291.30	[1]	$500.10
Unpaid Principal Balance	370.1	[1]	764.6
Related Allowance	31.4	[1]	45
Average Recorded Investment	378.5	[1]	604.5
Interest income recorded	17.7		21.3
Interest recognized using the cash-basis method of accounting	3.5		4.3
Total Loans Impaired at Convenience date [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	54.1		106.7	[2]
Unpaid Principal Balance	95.8		260.8	[2]
Related Allowance	1		1.5	[2]
Average Recorded Investment	77.9		146.4	[2]
With No Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	'		168.1
Unpaid Principal Balance	204.1		'
Subtotal [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	237.2		393.4	[1]
Unpaid Principal Balance	274.3		503.8	[1]
Related Allowance	30.4		43.5	[1]
Average Recorded Investment	300.6		458.1	[1]
Non-Strategic Portfolios [Member] | With No Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	10.2		40.9
Unpaid Principal Balance	12.5		59.2
Average Recorded Investment	24		40.3
Non-Strategic Portfolios [Member] | With Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	'		2.4
Unpaid Principal Balance	'		2.7
Related Allowance	'		1
Average Recorded Investment	1		12.7
Transportation Finance [Member] | With No Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	'		2.3
Unpaid Principal Balance	'		2.9
Average Recorded Investment	2.2		4.5
Transportation Finance [Member] | With Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	14.3		29.1
Unpaid Principal Balance	14.3		29.3
Related Allowance	0.6		8.9
Average Recorded Investment	12.4		17.9
International Finance [Member] | With No Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	6.9		3.1
Unpaid Principal Balance	24.5		8.2
Average Recorded Investment	6.9		4.1
International Finance [Member] | With Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Average Recorded Investment	'		1.3
Corporate Finance [Member] | With No Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	136.1		188.9
Unpaid Principal Balance	150.1		242.7
Average Recorded Investment	152.8		197
Corporate Finance [Member] | With Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	50.6		102.4
Unpaid Principal Balance	51.7		106.7
Related Allowance	28.8		32.3
Average Recorded Investment	79.7		122.1
Equipment Finance [Member] | With No Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	5.8		8.2
Unpaid Principal Balance	7.9		32.8
Average Recorded Investment	7		12
Equipment Finance [Member] | With Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Average Recorded Investment	'		4.3
Real Estate Finance [Member] | With Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	4.2		'
Unpaid Principal Balance	4.2		'
Related Allowance	1		'
Average Recorded Investment	4.6		'
Commercial Services [Member] | With No Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	9.1		10.1
Unpaid Principal Balance	9.1		13.3
Average Recorded Investment	10		29.7
Commercial Services [Member] | With Related Allowance Recorded [Member]	'		'
Financing Receivable, Impaired [Line Items]	'		'
Recorded Investment	'		6
Unpaid Principal Balance	'		6
Related Allowance	'		1.3
Average Recorded Investment	'		$12.20
[1]	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 cash-basis method of accounting. Interest income recorded for the year ended December 31, 2012 while the loans were impaired was $21.3 million of which $4.3 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 $)	Dec. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Carrying Amount	$54.10	[1]	$106.70	[1]
Outstanding balance	95.8	[1],[2]	260.8	[1],[2]
Allowance	1	[1]	1.5	[1]
Carrying amount of assets held for sale	12		1
Outstanding balance of assets held for sale	26		3
Commercial [Member]	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Carrying Amount	54.1	[1]	106.7	[1]
Outstanding balance	95.8	[1],[2]	260.8	[1],[2]
Allowance	$1	[1]	$1.50	[1]
[1]	The table excludes amounts in Assets Held for Sale with a carrying amount of $12 million and $1 million at December 31, 2013 and December 31, 2012, respectively, and outstanding balances of $26 million and $3 million, respectively.
[2]	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.

Loans_Schedule_Of_Troubled_Deb

Loans (Schedule Of Troubled Debt Restructurings That Occurred During Period) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Financing Receivable, Modifications [Line Items]	'		'
TDRs	$24.60		$49.90
TDRs that experienced payment default within one year of modification	5.7	[1]	4.4	[1]
International Finance [Member]	'		'
Financing Receivable, Modifications [Line Items]	'		'
TDRs	'		0.2
Corporate Finance [Member]	'		'
Financing Receivable, Modifications [Line Items]	'		'
TDRs	12.2		31.4
TDRs that experienced payment default within one year of modification	0.5	[1]	'
Equipment Finance [Member]	'		'
Financing Receivable, Modifications [Line Items]	'		'
TDRs	0.8		2.9
TDRs that experienced payment default within one year of modification	0.3	[1]	0.5	[1]
Non-Strategic Portfolios [Member]	'		'
Financing Receivable, Modifications [Line Items]	'		'
TDRs	11.6		15.4
TDRs that experienced payment default within one year of modification	$4.90	[1]	$3.90	[1]
[1]	Payment default in the table above is one missed payment.

Allowance_For_Loan_Losses_Sche

Allowance For Loan Losses (Schedule Of Allowance For Credit Losses And Recorded Investment In Finance Receivables) (Details) (USD $)

3 Months Ended

12 Months Ended

In Millions, unless otherwise specified

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Accounts, Notes, Loans and Financing Receivable [Line Items]

'

'

'

'

'

'

'

'

'

Beginning balance

'

'

'

$379.30

[1]

'

$407.80

$379.30

[1]

$407.80

'

Provision for credit losses - continuing operations

14.4

16.4

14.6

19.5

8.9

42.5

64.9

51.4

269.7

Other

'

'

'

'

'

'

-7.4

[2]

-5.8

'

Gross charge-offs

'

'

'

'

'

'

-138.6

[3]

-141.7

[2]

'

Recoveries

'

'

'

'

'

'

57.9

67.6

[3]

'

Allowance balance - end of period

356.1

'

'

'

'

'

356.1

379.3

[1]

407.8

Allowance balance: Loans individually evaluated for impairment

30.4

'

'

'

'

'

30.4

43.5

'

Allowance balance: Loans collectively evaluated for impairment

324.7

'

'

'

'

'

324.7

334.3

'

Allowance balance: Loans acquired with deteriorated credit quality

1

[1]

'

'

'

'

'

1

[1]

1.5

'

Other reserves

27.8

[2]

'

'

'

'

'

27.8

[2]

23.2

'

Finance receivables: Loans individually evaluated for impairment

237.2

'

'

'

'

'

237.2

393.4

'

Finance receivables: Loans collectively evaluated for impairment

18,337.90

'

'

'

'

'

18,337.90

16,653

'

Finance receivables: Loans acquired with deteriorated credit quality

54.1

[1]

'

'

'

'

'

54.1

[1]

106.7

'

Ending balance

18,629.20

'

'

'

'

'

18,629.20

17,153.10

[1]

'

Percent of loans total loans

100.00%

'

'

'

'

'

100.00%

100.00%

'

Gross charge-offs charged directly into specific allowance for loan losses

'

'

'

'

'

'

18

38

'

Transportation And International Finance [Member]

'

'

'

'

'

'

'

'

'

Accounts, Notes, Loans and Financing Receivable [Line Items]

'

'

'

'

'

'

'

'

'

Beginning balance

'

'

'

44.3

[1]

'

36.3

44.3

[1]

36.3

'

Provision for credit losses - continuing operations

'

'

'

'

'

'

18.7

14.5

20.5

Other

'

'

'

'

'

'

0.6

[2]

0.5

'

Gross charge-offs

'

'

'

'

'

'

-26

[3]

-15.7

[2]

'

Recoveries

'

'

'

'

'

'

9.1

8.7

[3]

'

Allowance balance - end of period

46.7

'

'

'

'

'

46.7

44.3

[1]

36.3

Allowance balance: Loans individually evaluated for impairment

0.6

'

'

'

'

'

0.6

8.9

'

Allowance balance: Loans collectively evaluated for impairment

46.1

'

'

'

'

'

46.1

35.4

'

Other reserves

0.2

[2]

'

'

'

'

'

0.2

[2]

'

'

Finance receivables: Loans individually evaluated for impairment

21.2

'

'

'

'

'

21.2

34.5

'

Finance receivables: Loans collectively evaluated for impairment

3,473.10

'

'

'

'

'

3,473.10

2,521.60

'

Finance receivables: Loans acquired with deteriorated credit quality

0.1

[1]

'

'

'

'

'

0.1

[1]

0.4

'

Ending balance

3,494.40

'

'

'

'

'

3,494.40

2,556.50

[1]

'

Percent of loans total loans

18.70%

'

'

'

'

'

18.70%

14.90%

'

Gross charge-offs charged directly into specific allowance for loan losses

'

'

'

'

'

'

'

8

'

North American Commercial Finance [Member]

'

'

'

'

'

'

'

'

'

Accounts, Notes, Loans and Financing Receivable [Line Items]

'

'

'

'

'

'

'

'

'

Beginning balance

'

'

'

293.7

[1]

'

309.8

293.7

[1]

309.8

'

Provision for credit losses - continuing operations

'

'

'

'

'

'

35.5

44

228.4

Other

'

'

'

'

'

'

-6.9

[2]

-7.6

'

Gross charge-offs

'

'

'

'

'

'

-58.3

[3]

-98.9

[2]

'

Recoveries

'

'

'

'

'

'

39.8

46.4

[3]

'

Allowance balance - end of period

303.8

'

'

'

'

'

303.8

293.7

[1]

309.8

Allowance balance: Loans individually evaluated for impairment

29.8

'

'

'

'

'

29.8

33.6

'

Allowance balance: Loans collectively evaluated for impairment

273

'

'

'

'

'

273

259.3

'

Allowance balance: Loans acquired with deteriorated credit quality

1

[1]

'

'

'

'

'

1

[1]

0.8

'

Other reserves

27.6

[2]

'

'

'

'

'

27.6

[2]

23

'

Finance receivables: Loans individually evaluated for impairment

205.8

'

'

'

'

'

205.8

315.6

'

Finance receivables: Loans collectively evaluated for impairment

14,435.10

'

'

'

'

'

14,435.10

12,684.50

'

Finance receivables: Loans acquired with deteriorated credit quality

52.2

[1]

'

'

'

'

'

52.2

[1]

84.3

'

Ending balance

14,693.10

'

'

'

'

'

14,693.10

13,084.40

[1]

'

Percent of loans total loans

78.90%

'

'

'

'

'

78.90%

76.30%

'

Gross charge-offs charged directly into specific allowance for loan losses

'

'

'

'

'

'

16

24

'

Non-Strategic Portfolios [Member]

'

'

'

'

'

'

'

'

'

Accounts, Notes, Loans and Financing Receivable [Line Items]

'

'

'

'

'

'

'

'

'

Beginning balance

'

'

'

41.3

[1]

'

61.7

41.3

[1]

61.7

'

Provision for credit losses - continuing operations

'

'

'

'

'

'

10.8

-7.3

20.8

Other

'

'

'

'

'

'

-1.2

[2]

1.5

'

Gross charge-offs

'

'

'

'

'

'

-54.3

[3]

-27.1

[2]

'

Recoveries

'

'

'

'

'

'

9

12.5

[3]

'

Allowance balance - end of period

5.6

'

'

'

'

'

5.6

41.3

[1]

61.7

Allowance balance: Loans individually evaluated for impairment

'

'

'

'

'

'

'

1

'

Allowance balance: Loans collectively evaluated for impairment

5.6

'

'

'

'

'

5.6

39.6

'

Allowance balance: Loans acquired with deteriorated credit quality

0

[1]

'

'

'

'

'

0

[1]

0.7

'

Other reserves

'

'

'

'

'

'

'

0.1

'

Finance receivables: Loans individually evaluated for impairment

10.2

'

'

'

'

'

10.2

43.3

'

Finance receivables: Loans collectively evaluated for impairment

429.7

'

'

'

'

'

429.7

1,446.90

'

Finance receivables: Loans acquired with deteriorated credit quality

1.8

[1]

'

'

'

'

'

1.8

[1]

22

'

Ending balance

441.7

'

'

'

'

'

441.7

1,512.20

[1]

'

Percent of loans total loans

2.40%

'

'

'

'

'

2.40%

8.80%

'

Gross charge-offs charged directly into specific allowance for loan losses

'

'

'

'

'

'

2

6

'

Corporate And Other [Member]

'

'

'

'

'

'

'

'

'

Accounts, Notes, Loans and Financing Receivable [Line Items]

'

'

'

'

'

'

'

'

'

Provision for credit losses - continuing operations

'

'

'

'

'

'

-0.1

0.2

'

Other

'

'

'

'

'

'

0.1

[2]

-0.2

'

Other reserves

'

'

'

'

'

'

'

$0.10

'

[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 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.

[3]

Gross charge-offs included $18 million and $38 million charged directly to the Allowance for loan losses for the years ended December 31, 2013 and 2012, respectively. In 2013, $16 million related to NACF and $2 million related to NSP. In 2012, $24 million related to NACF, $8 million to TIF and $6 million to NSP.

Operating_Lease_Equipment_Sche

Operating Lease Equipment (Schedule Of Operating Lease Equipment By Type) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Property Subject to or Available for Operating Lease [Line Items]	'		'		'
Operating lease equipment, net	$13,035,400,000	[1]	$12,411,700,000	[1]	$12,006,400,000
Accumulated depreciation	1,500,000,000		1,200,000,000		'
Off-lease equipment	144,700,000		202,500,000		'
Commercial Aircraft [Member]	'		'		'
Property Subject to or Available for Operating Lease [Line Items]	'		'		'
Operating lease equipment, net	8,229,100,000		8,061,400,000		'
Railcars And Locomotives [Member]	'		'		'
Property Subject to or Available for Operating Lease [Line Items]	'		'		'
Operating lease equipment, net	4,500,100,000		4,053,100,000		'
Other Equipment [Member]	'		'		'
Property Subject to or Available for Operating Lease [Line Items]	'		'		'
Operating lease equipment, net	$306,200,000		$297,200,000		'
[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 Company’s interest 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 Company’s interest in the VIEs, are not available to the creditors of CIT or any affiliates of CIT.

Operating_Lease_Equipment_Sche1

Operating Lease Equipment (Schedule Of Future Minimum Lease Rentals Due On Non-Cancelable Operating Leases) (Details) (USD $)	Dec. 31, 2013
In Millions, unless otherwise specified
Operating Lease Equipment [Abstract]	'
2013	$1,607.60
2014	1,382
2015	1,142.90
2016	881.1
2017	650.7
Thereafter	1,516.70
Total	$7,181

Investment_Securities_Narrativ

Investment Securities (Narrative) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Investment Securities [Abstract]	'	'	'
Minimum percentage ownership of limited partnership investments included in non-marketable equity investments	3.00%	'	'
Debt instrument maturity period, days	'91 days	'	'
Gross realized investment gains	$8.90	$40.40	$53.90
OTTI amounts recognized in earnings	$0.70	$0.20	$8.20

Investment_Securities_Schedule

Investment Securities (Schedule Of Investment Securities) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified
Investment Securities [Abstract]	'		'
Debt securities available-for-sale	$1,487.80		$767.60
Equity securities available-for-sale	13.7		14.3
Debt securities held-to-maturity	1,042.30	[1]	188.4	[1]
Non-marketable equity securities	86.9	[2]	95.2	[2]
Total investment securities	2,630.70		1,065.50
Investments in limited partnerships	($23.60)		($27.60)
[1]	Recorded at amortized cost less impairment on securities that have credit-related impairment
[2]	Non-marketable equity investments include $23.6 million and $27.6 million in limited partnerships at December 31, 2013 and 2012, 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.

Investment_Securities_Schedule1

Investment Securities (Schedule Of Interest And Dividends On Investments) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Schedule of Investment Income, Reported Amounts, by Category [Line Items]	'	'	'
Total interest and dividends	$28.90	$32.20	$34.70
Interest Income - Interest Bearing Deposits [Member]	'	'	'
Schedule of Investment Income, Reported Amounts, by Category [Line Items]	'	'	'
Total interest and dividends	16.6	21.7	24.1
Interest Income - Investments [Member]	'	'	'
Schedule of Investment Income, Reported Amounts, by Category [Line Items]	'	'	'
Total interest and dividends	8.9	7.8	9.3
Dividends - Investments [Member]	'	'	'
Schedule of Investment Income, Reported Amounts, by Category [Line Items]	'	'	'
Total interest and dividends	$3.40	$2.70	$1.30

Investment_Securities_Amortize

Investment Securities (Amortized Cost And Fair Value Of Securities Available-For-Sale) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	$1,501.30	$780.70
Gross Unrealized Gains	0.4	1.2
Gross Unrealized Losses	-0.2	'
Fair Value	1,501.50	781.9
U.S. Treasury [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	649.1	750.3
Fair Value	649.1	750.3
Brazilian Government Treasuries [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	126.8	'
Fair Value	126.8	'
U.S. Government Agency Obligations [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	711.9	'
Fair Value	711.9	'
Canadian Government Treasuries [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	'	17.3
Fair Value	'	17.3
Total Debt Securities Available For Sale [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	1,487.80	767.6
Fair Value	1,487.80	767.6
Equity Securities AFS [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized Cost	13.5	13.1
Gross Unrealized Gains	0.4	1.2
Gross Unrealized Losses	-0.2	'
Fair Value	$13.70	$14.30

Investment_Securities_Carrying

Investment Securities (Carrying Value And Fair Value Of Securities Held-To-Maturity) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Schedule of Held-to-maturity Securities [Line Items]	'		'
Carrying Value	$1,042.30	[1]	$188.40	[1]
Gross Unrecognized Gains	10.8		11.3
Gross Unrecognized Losses	-12.3		-0.3
Fair Value	1,040.80		199.4
U.S. Government Agency Obligations [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Carrying Value	735.5		'
Gross Unrecognized Gains	0.1		'
Fair Value	735.6		'
U.S. Government-Sponsored Agency Guaranteed [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Carrying Value	96.3		96.5
Gross Unrecognized Gains	1.7		3.1
Gross Unrecognized Losses	-5.8		-0.3
Fair Value	92.2		99.3
State And Municipal [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Carrying Value	57.4		13.1
Gross Unrecognized Losses	-6.5		'
Fair Value	50.9		13.1
Foreign Government [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Carrying Value	38.3		28.4
Fair Value	38.3		28.4
Corporate - Foreign [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Carrying Value	114.8		50.4
Gross Unrecognized Gains	9		8.2
Fair Value	$123.80		$58.60
[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 $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Schedule of Held-to-maturity Securities [Line Items]	'		'
Debt securities held-to-maturity	$1,042.30	[1]	$188.40	[1]
Total debt securities HTM, Fair Value	1,040.80		199.4
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	96.3	[2]	96.5	[2]
Debt securities HTM, due After 10 years, Fair Value	92.2	[2]	99.3	[2]
U.S. Treasury And Federal Agency Securities [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Debt securities HTM, Due within 1 year, Amortized Cost	735.5	[2]	'
Debt securities HTM, Due within 1 year, Fair Value	735.6	[2]	'
State And Municipal [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Debt securities HTM, due After 10 years, Amortized Cost	51.6	[2]	6.8	[2]
Debt securities HTM, due After 10 years, Fair Value	45.1	[2]	6.8	[2]
Debt securities HTM, Due within 1 year, Amortized Cost	0.7		'
Debt securities HTM, Due within 1 year, Fair Value	0.7		'
Debt securities HTM, due After 1 but within 5 years, Amortized Cost	4.4		4.9
Debt securities HTM, due After 1 but within 5 years, Fair Value	4.4		4.9
Debt securities HTM, due After 5 but within 10 years, Amortized Cost	0.7	[2]	1.4	[2]
Debt securities HTM, due After 5 but within 10 years, Fair Value	0.7	[2]	1.4	[2]
Debt securities held-to-maturity	57.4		13.1
Total debt securities HTM, Fair Value	50.9		13.1
Foreign Government [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Debt securities HTM, Due within 1 year, Amortized Cost	29.8		25.5
Debt securities HTM, Due within 1 year, Fair Value	29.8		25.4
Debt securities HTM, due After 1 but within 5 years, Amortized Cost	8.5		2.9
Debt securities HTM, due After 1 but within 5 years, Fair Value	8.5		3
Debt securities held-to-maturity	38.3		28.4
Total debt securities HTM, Fair Value	38.3		28.4
Corporate - Foreign [Member]	'		'
Schedule of Held-to-maturity Securities [Line Items]	'		'
Debt securities HTM, Due within 1 year, Amortized Cost	0.8		'
Debt securities HTM, Due within 1 year, Fair Value	0.8		'
Debt securities HTM, due After 1 but within 5 years, Amortized Cost	48.6		'
Debt securities HTM, due After 1 but within 5 years, Fair Value	56.1		'
Debt securities HTM, due After 5 but within 10 years, Amortized Cost	65.4		50.4
Debt securities HTM, due After 5 but within 10 years, Fair Value	66.9		58.6
Debt securities held-to-maturity	114.8		50.4
Total debt securities HTM, Fair Value	$123.80		$58.60
[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 call or prepayment rights.

Other_Assets_Schedule_Of_Compo

Other Assets (Schedule Of Components Of Other Assets) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified
Other Assets [Abstract]	'		'
Deposits on commercial aerospace equipment	$831.30		$615.30
Deferred debt costs and other deferred charges	158.5		169.8
Tax receivables, other than income taxes	132.2		81.7
Executive retirement plan and deferred compensation	101.3		109.7
Accrued interest and dividends	33		27.5
Furniture and fixtures	85.3		75.4
Prepaid expenses	64.3		73.8
Other counterparty receivables	45.9		115.7
Other	184.6	[1]	220	[1]
Total other assets	$1,636.40		$1,488.90
[1]	Other includes investments in and receivables from non-consolidated entities, deferred federal and state tax assets, servicing assets, and other miscellaneous assets.

Deposits_Summary_Of_Deposits_D

Deposits (Summary Of Deposits Details And Maturities) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Deposits [Abstract]	'	'
Deposits outstanding	$12,526.50	$9,684.50
Weighted average contractual interest rate	1.65%	1.75%
Weighted average number of days to maturity	'1014 days	'725 days
Due in 2014	5,587.80	'
Due in 2015	2,190	'
Due in 2016	766.3	'
Due in 2017	1,947.30	'
Due in 2018	793.4	'
Due after 2018	1,242.50	'
Deposits outstanding, excluding freash start adjustments	12,527.30	'
Weighted average rate, Due in 2014	1.41%	'
Weighted average rate, Due in 2015	1.53%	'
Weighted average rate, Due in 2016	2.14%	'
Weighted average rate, Due in 2017	1.38%	'
Weighted average rate, Due in 2018	1.84%	'
Weighted average rate, Due after 2018	2.92%	'
Daily average deposits	11,254.30	7,699.60
Maximum amount outstanding	$12,605.30	$9,690.70
Weighted average contractual interest rate for the year	1.56%	1.98%

Deposits_Summary_Of_Maturity_P

Deposits (Summary Of Maturity Profile Of Time Deposits) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Deposits [Abstract]	'	'
Certificates of Deposit, Three months or less	$317.70	$241.60
Certificates of Deposit, After three months through six months	258.1	234.6
Certificates of Deposit, After six months through twelve months	601.7	619.8
Certificates of Deposit, After twelve months	1,501.90	1,119.30
Certificates of Deposit, Total U.S. Banks	2,679.40	2,215.30
Certificates of Deposit, Foreign Banks	88.3	98.6
Fair value premium recognized	$4.30	$3.50

LongTerm_Borrowings_Narrative_

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

3 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Aug. 25, 2011

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Aug. 25, 2011

Aug. 25, 2011

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2013

Jan. 27, 2014

Feb. 19, 2014

item

Series A Notes - 7% [Member]

Series C Notes [Member]

Series C Notes [Member]

Line Of Credit Revolver [Member]

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

Senior Unsecured [Member]

Minimum [Member]

Maximum [Member]

CIT Group Inc. [Member]

CIT Group Inc. [Member]

CIT Group Inc. [Member]

Base Rate Plus [Member]

Base Rate Plus [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Minimum [Member]

Maximum [Member]

3.875% Notes Due 2019 [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

LIBOR with no floor

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

2.75%

'

'

'

1.00%

1.75%

'

'

Issuance of letters of credit

'

'

'

'

'

'

$2,000,000,000

'

'

'

$1,650,000,000

$350,000,000

'

'

'

'

'

'

'

'

'

'

Line of credit available

'

'

'

1,900,000,000

1,900,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,500,000,000

'

Remaining amount of letter of credit

'

'

'

100,000,000

100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revolving credit facility, minimum consolidated net worth covenant

'

'

'

6,000,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issuance of senior unsecured notes

'

'

'

'

'

'

'

'

5,250,000,000

'

'

'

7,250,000,000

'

'

'

'

'

'

'

'

1,000,000,000

LIBOR loans, Margin rate

'

'

'

2.50%

'

'

'

7.00%

'

7.00%

'

'

'

'

'

'

'

'

'

'

'

'

Base Rate loans, Margin rate

'

'

'

1.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of domestic operating subsidiaries guaranteeing credit facility

'

'

'

8

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ratio of assets to sum of committed credit facility size and all outstanding indebtedness under credit facility covenant

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

101.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Other debt

'

'

'

38,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acceleration of FSA discount accretion

'

'

'

'

'

'

'

'

'

1,300,000,000

'

'

'

'

'

'

'

'

'

'

'

'

Debt instrument stated interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.88%

Repayments of term debt

'

'

'

2,445,800,000

19,542,200,000

15,626,300,000

'

6,500,000,000

'

8,760,000,000

'

'

'

'

'

60,500,000

15,239,800,000

6,020,600,000

'

'

'

'

Loss on debt extinguishments

($16,800,000)

($21,500,000)

($22,900,000)

'

($61,200,000)

($134,800,000)

'

'

'

$61,000,000

'

'

'

'

'

'

'

'

'

'

'

'

LongTerm_Borrowings_Schedule_O

Long-Term Borrowings (Schedule Of Outstanding Long-Term Borrowings) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified
Debt Instrument [Line Items]	'		'
Long-term borrowings	$18,484.50		$18,330.90
CIT Group Inc. [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	12,531.60		'
Subsidiaries [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	5,952.90		'
Total Unsecured Debt [Member] | Series C Notes [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	5,250		'
Total Unsecured Debt [Member] | Unsecured Notes Issued After March 9, 2012 [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	7,243		'
Total Unsecured Debt [Member] | Other Unsecured Debt [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	38.6		'
Total Unsecured Debt [Member] | Senior Unsecured [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	12,531.60	[1]	11,824	[1]
Total Unsecured Debt [Member] | Senior Unsecured [Member] | CIT Group Inc. [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	12,531.60	[1]	'
Total Unsecured Debt [Member] | Other Debt [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	5,952.90		6,506.90
Total Unsecured Debt [Member] | Other Debt [Member] | Subsidiaries [Member]	'		'
Debt Instrument [Line Items]	'		'
Long-term borrowings	$5,952.90		'
[1]	Senior Unsecured Notes were comprised of $5,250 million of Series C Notes, $7,243 million of Unsecured Notes and $38.6 million of other unsecured debt.

LongTerm_Borrowings_Contractua

Long-Term Borrowings (Contractual Maturities Of Total long-Term Borrowings Outstanding Excluding Issue Discounts And FSA Adjustments) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Debt Instrument [Line Items]	'	'
2014	$2,510.50	$1,298.60
2015	2,939.10	'
2016	866.8	'
2017	3,565.30	'
2018	2,648.40	'
Thereafter	6,014.40	'
Contractual Maturities	18,544.50	'
Senior Unsecured [Member]	'	'
Debt Instrument [Line Items]	'	'
2014	1,300	'
2015	1,500	'
2017	3,000	'
2018	2,200	'
Thereafter	4,551.40	'
Contractual Maturities	12,551.40	'
Secured Borrowings [Member]	'	'
Debt Instrument [Line Items]	'	'
2014	1,210.50	'
2015	1,439.10	'
2016	866.8	'
2017	565.3	'
2018	448.4	'
Thereafter	1,463	'
Contractual Maturities	$5,993.10	'

LongTerm_Borrowings_Schedule_O1

Long-Term Borrowings (Schedule Of Senior Unsecured Notes) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Senior Unsecured [Member]	'
Debt Instrument [Line Items]	'
Par Value	$7,250,000,000
Weighted Average Rate (%)	4.91%
Senior Unsecured [Member] | May 2017 - 5.00% [Member]	'
Debt Instrument [Line Items]	'
Maturity	'May 2017
Rate (%)	5.00%
Date of Issuance	'May 2012
Par Value	1,250,000,000
Senior Unsecured [Member] | August 2017 - 4.250%[Member]	'
Debt Instrument [Line Items]	'
Maturity	'August 2017
Rate (%)	4.25%
Date of Issuance	'August 2012
Par Value	1,750,000,000
Senior Unsecured [Member] | March 2018 - 5.250% [Member]	'
Debt Instrument [Line Items]	'
Maturity	'March 2018
Rate (%)	5.25%
Date of Issuance	'March 2012
Par Value	1,500,000,000
Senior Unsecured [Member] | May 2020 - 5.375% [Member]	'
Debt Instrument [Line Items]	'
Maturity	'May 2020
Rate (%)	5.38%
Date of Issuance	'May 2012
Par Value	750,000,000
Senior Unsecured [Member] | August 2022 - 5.000% [Member]	'
Debt Instrument [Line Items]	'
Maturity	'August 2022
Rate (%)	5.00%
Date of Issuance	'August 2012
Par Value	1,250,000,000
Senior Unsecured [Member] | August 2023 - 5.000% [Member]	'
Debt Instrument [Line Items]	'
Maturity	'August 2023
Rate (%)	5.00%
Date of Issuance	'August 2013
Par Value	750,000,000
Series C Notes [Member]	'
Debt Instrument [Line Items]	'
Par Value	5,250,000,000
Weighted Average Rate (%)	5.37%
Series C Notes [Member] | March 2014 - 5.250% [Member]	'
Debt Instrument [Line Items]	'
Maturity	'April 2014
Rate (%)	5.25%
Date of Issuance	'March 2011
Par Value	1,300,000,000
Series C Notes [Member] | February 2015 - 4.750% [Member]	'
Debt Instrument [Line Items]	'
Maturity	'February 2015
Rate (%)	4.75%
Date of Issuance	'February 2012
Par Value	1,500,000,000
Series C Notes [Member] | March 2018 - 6.625% [Member]	'
Debt Instrument [Line Items]	'
Maturity	'April 2018
Rate (%)	6.63%
Date of Issuance	'March 2011
Par Value	700,000,000
Series C Notes [Member] | February 2019 - 5.500% [Member]	'
Debt Instrument [Line Items]	'
Maturity	'February 2019
Rate (%)	5.50%
Date of Issuance	'February 2012
Par Value	$1,750,000,000
Minimum [Member]	'
Debt Instrument [Line Items]	'
Maturity	'2014
Weighted Average Rate (%)	0.25%
Maximum [Member]	'
Debt Instrument [Line Items]	'
Maturity	'2037
Weighted Average Rate (%)	8.60%

LongTerm_Borrowings_Schedule_O2

Long-Term Borrowings (Schedule Of Secured Borrowings And Pledged Assets) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	$5,952.90	[1]	$6,506.90	[1]
Assets Pledged	9,658.30	[2]	9,980	[3]
Operating Lease Assets [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Assets Pledged	4,700		4,700
Loans [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Assets Pledged	3,800		4,200
Cash [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Assets Pledged	900		1,000
Assets Held For Sale [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Assets Pledged	0.1		'
Investment Securities [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Assets Pledged	100		100
Transportation And International Finance [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	3,880.60	[1]	4,615.90	[1]
Assets Pledged	6,037.90		6,467.50
Transportation And International Finance [Member] | Rail [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	931	[1]	976.8	[1]
Assets Pledged	1,163.10	[1]	1,185.10	[1]
Transportation And International Finance [Member] | Aerospace [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	2,366.10	[1]	2,560.30	[1]
Assets Pledged	4,126.70		4,049.10
Transportation And International Finance [Member] | International Finance [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	583.5	[1]	1,078.80	[1]
Assets Pledged	748.1		1,233.30
Transportation And International Finance [Member] | TRS [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	998.4		'
Assets Pledged	1,990		'
North American Commercial Finance [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	1,882.20	[1]	1,632	[1]
Assets Pledged	3,400.30		3,127.20
North American Commercial Finance [Member] | Corporate Finance [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	320.2	[1]	706.6	[1]
Assets Pledged	447.4		838.2
North American Commercial Finance [Member] | Commercial Services [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	334.7	[1]	350.8	[1]
Assets Pledged	1,453.20		1,523.60
North American Commercial Finance [Member] | Equipment Finance [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	1,227.30	[1]	574.6	[1]
Assets Pledged	1,499.70		765.4
North American Commercial Finance [Member] | TRS [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	25.8		'
Assets Pledged	119.4		'
Non-Strategic Portfolios [Member]	'		'
Assets and Associated Liabilities of Transfers Accounted for as Secured Borrowings [Line Items]	'		'
Secured Borrowing	190.1	[1]	259	[1],[2]
Assets Pledged	$220.10		$385.30	[3]
[1]	At December 31, 2013, GSI TRS related borrowings and pledged assets, respectively, of $998.4 million and $1.99 billion were included in Transportation & International Finance, and $25.8 million and $119.4 million in North American Commercial Finance. The GSI TRS is described in Note 10 – Derivative Financial Instruments.
[2]	Includes operating lease equipment of $4.7 billion, loans of $3.8 billion, cash of $0.9 billion, assets held for sale of $0.1 billion and investment securities of $0.1 billion.
[3]	Includes operating lease equipment, net of $4.7 billion, loans of $4.2 billion, cash of $1.0 billion and investment securities of $0.1 billion.

Derivative_Financial_Instrumen2

Derivative Financial Instruments (Narrative) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified
Derivative [Line Items]	'		'
Total return swap facility	$37.40		$8.40
Maximum aggregate facility commitment amounts	2,125		'
Aggregate actual adjusted qualifying borrowing base outstanding	1,639.80		2,018.40
Liability recorded based on Company's valuation of derivative	10		6
CIT Financial Ltd. [Member]	'		'
Derivative [Line Items]	'		'
Total return swap facility	1,500		'
GSI And CIT TRS Funding B.V. [Member]	'		'
Derivative [Line Items]	'		'
Total return swap facility	625		'
TRS [Member]	'		'
Derivative [Line Items]	'		'
Notional amounts	485.2		106.6
Qualifying Hedges [Member]	'		'
Derivative [Line Items]	'		'
Total return swap facility	12.9	[1]	1.9	[1]
Notional amounts	1,487.70	[1]	1,395.50	[1]
Non-Qualifying Hedges [Member]	'		'
Derivative [Line Items]	'		'
Total return swap facility	37.4	[1]	8.4	[1]
Notional amounts	5,366.70	[1]	4,077.90	[1]
Non-Qualifying Hedges [Member] | TRS [Member]	'		'
Derivative [Line Items]	'		'
Notional amounts	$485.20	[1]	$106.60	[1]
[1]	Presented on a gross basis.

Derivative_Financial_Instrumen3

Derivative Financial Instruments (Fair And Notional Values Of Derivative Financial Instruments) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified
Derivatives, Fair Value [Line Items]	'		'
Asset Fair Value	$37.40		$8.40
Liability Fair Value	-86.9		-81.9
TRS [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Derivative, Notional Amount	485.2		106.6
Qualifying Hedges [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Fair Value	12.9	[1]	1.9	[1]
Liability Fair Value	-24.1	[1]	-38.5	[1]
Derivative, Notional Amount	1,487.70	[1]	1,395.50	[1]
Qualifying Hedges [Member] | Cross Currency Swaps [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Fair Value	1.1	[1]	'
Liability Fair Value	'		-6.1	[1]
Derivative, Notional Amount	47.1	[1]	151.2	[1]
Qualifying Hedges [Member] | Foreign Currency Forward Exchange - Cash Flow Hedges [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Liability Fair Value	-0.3	[1]	-0.9	[1]
Derivative, Notional Amount	3.8	[1]	11.7	[1]
Qualifying Hedges [Member] | Foreign Currency Forward Exchange - Net Investment Hedges [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Fair Value	11.8	[1]	1.9	[1]
Liability Fair Value	-23.8	[1]	-31.5	[1]
Derivative, Notional Amount	1,436.80	[1]	1,232.60	[1]
Non-Qualifying Hedges [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Fair Value	37.4	[1]	8.4	[1]
Liability Fair Value	-86.9	[1]	-81.9	[1]
Derivative, Notional Amount	5,366.70	[1]	4,077.90	[1]
Non-Qualifying Hedges [Member] | Cross Currency Swaps [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Fair Value	6.3	[1]	1.7	[1]
Liability Fair Value	'		-11	[1]
Derivative, Notional Amount	131.8	[1]	552.8	[1]
Non-Qualifying Hedges [Member] | Interest Rate Swaps [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Fair Value	5.7	[1]	0.6	[1]
Liability Fair Value	-25.4	[1]	-39.3	[1]
Derivative, Notional Amount	1,386	[1]	809.6	[1]
Non-Qualifying Hedges [Member] | Written Options [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Liability Fair Value	-1	[1]	-0.1	[1]
Derivative, Notional Amount	566	[1]	251.4	[1]
Non-Qualifying Hedges [Member] | Purchased Options [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Fair Value	1.2	[1]	0.3	[1]
Derivative, Notional Amount	816.8	[1]	502.7	[1]
Non-Qualifying Hedges [Member] | Foreign Currency Forward Exchange Contracts [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Fair Value	23.4	[1]	5.7	[1]
Liability Fair Value	-50.8	[1]	-25.7	[1]
Derivative, Notional Amount	1,979.90	[1]	1,853.80	[1]
Non-Qualifying Hedges [Member] | TRS [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Liability Fair Value	-9.7	[1]	-5.8	[1]
Derivative, Notional Amount	485.2	[1]	106.6	[1]
Non-Qualifying Hedges [Member] | Equity Warrants [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Fair Value	0.8	[1]	0.1	[1]
Derivative, Notional Amount	1	[1]	1	[1]
Qualifying And Non-Qualifying Hedges [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Asset Fair Value	50.3	[1]	10.3	[1]
Liability Fair Value	-111	[1]	-120.4	[1]
Derivative, Notional Amount	$6,854.40	[1]	$5,473.40	[1]
[1]	Presented on a gross basis.

Derivative_Financial_Instrumen4

Derivative Financial Instruments (Offsetting Of Derivative Assets And Liabilities) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified
Derivatives, Fair Value [Line Items]	'		'
Gross Amount Recognized, Derivative assets	$50.30	[1]	$10.30	[2]
Net Amount Of Asset Presented On The Statement Of Financial Position, Derivative assets	50.3	[1]	10.3	[2]
Gross Amounts not offset on Statement Of Financial Position, Financial Instruments, Derivative assets	-33.4	[1],[3]	-7.6	[2],[3]
Gross Amounts not offset on Statement of Financial Position, Cash Collateral Pledged/(Received), Derivative assets	-5	[1],[3],[4]	-1.7	[2],[3],[4]
Gross Amounts not offset on Statement of Financial Position, Net Amount, Derivative assets	11.9	[1]	1	[2]
Gross Amount Recognized, Derivative liabilities	-111	[5]	-120.4	[6]
Net Amount of (Liability) Presented on the Statement of Finacial Position, Derivative liabilities	-111	[5]	-120.4	[6]
Gross Amounts not offset on Statement Of Financial Position, Financial Instruments, Derivative liabilities	33.4	[3],[5]	8	[3],[6]
Gross Amounts not offset on Statement of Financial Position, Cash Collateral Pledged/(Received), Derivative liabilities	41	[3],[4],[5]	73.3	[3],[4],[6]
Gross Amounts not offset on Statement of Financial Position, Net Amount, Derivative liabilities	-36.6	[5]	-39.1	[6]
Other Assets [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Derivative assets, qualifying hedges	12.9		1.9
Trading Assets At Fair Value - Derivatives [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Derivative assets, qualifying hedges	37.4		8.4
Other Liabilities [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Derivative liabilities, qualifying hedges	-24.1		-38.5
Trading Liabilities At Fair Value - Derivatives [Member]	'		'
Derivatives, Fair Value [Line Items]	'		'
Derivative liabilities, qualifying hedges	($86.90)		($81.90)
[1]	Includes $12.9 million of qualifying hedges reported in Other assets and $37.4 million reported in Trading assets at fair value - derivatives
[2]	Includes $1.9 million of qualifying hedges reported in Other assets and $8.4 million reported in Trading assets at fair value - derivatives
[3]	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
[4]	Collateral pledged or received are included in Other assets or Other liabilities, respectively
[5]	Includes $(24.1) million of qualifying hedges reported in Other liabilities and $(86.9) million reported in Trading liabilities at fair value - derivatives
[6]	Includes $(38.5) million of qualifying hedges reported in Other liabilities and $(81.9) million reported in Trading liabilities at fair value - derivatives

Derivative_Financial_Instrumen5

Derivative Financial Instruments (Derivative Instrument Gains And Losses) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivative instrument - income statement impact	$16.10	($38.70)	$42
Interest Rate Options [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivative instrument - income statement impact	'	-0.7	-0.9
Qualifying Hedges [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivative instrument - income statement impact	0.7	1.1	-0.9
Qualifying Hedges [Member] | Foreign Currency Forward Exchange Contracts [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivative instrument - income statement impact	0.7	1.1	-0.9
Non-Qualifying Hedges [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivative instrument - income statement impact	15.4	-39.8	42.9
Non-Qualifying Hedges [Member] | Cross Currency Swaps [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivative instrument - income statement impact	11.5	-10.5	29.2
Non-Qualifying Hedges [Member] | Interest Rate Swaps [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivative instrument - income statement impact	19.1	1.2	-14.6
Non-Qualifying Hedges [Member] | Foreign Currency Forward Exchange Contracts [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivative instrument - income statement impact	-12.1	-23.7	30
Non-Qualifying Hedges [Member] | Equity Warrants [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivative instrument - income statement impact	0.8	-0.3	-0.8
Non-Qualifying Hedges [Member] | TRS [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivative instrument - income statement impact	($3.90)	($5.80)	'

Derivative_Financial_Instrumen6

Derivative Financial Instruments (Changes In AOCI Relating To Derivatives) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivatives - effective portion reclassified from AOCI to income	($7.10)	($3)	($10.70)
Total income statement impact	-7.1	-3	-10.7
Derivatives - effective portion recorded in OCI	16.4	-70.6	35.3
Total change in OCI for the period	23.5	-67.6	46
Estimated net losses on cash flow hedges expected to be recognized in income over the next 12 months	0.2	'	'
FX Forward Exchange - Cash Flow Hedges [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivatives - effective portion reclassified from AOCI to income	0.7	1.1	-1
Total income statement impact	0.7	1.1	-1
Derivatives - effective portion recorded in OCI	0.6	1.7	-0.1
Total change in OCI for the period	-0.1	0.6	0.9
FX Forward Exchange - Net Investment Hedges [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivatives - effective portion reclassified from AOCI to income	-7.7	-4.1	-9.7
Total income statement impact	-7.7	-4.1	-9.7
Derivatives - effective portion recorded in OCI	5.8	-59.4	26.4
Total change in OCI for the period	13.5	-55.3	36.1
Cross Currency Swaps [Member]	'	'	'
Derivative Instruments, Gain (Loss) [Line Items]	'	'	'
Derivatives - effective portion reclassified from AOCI to income	-0.1	'	'
Total income statement impact	-0.1	'	'
Derivatives - effective portion recorded in OCI	10	-12.9	9
Total change in OCI for the period	$10.10	($12.90)	$9

Other_Liabilities_Schedule_Of_

Other Liabilities (Schedule Of Components Of Other Liabilities) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified
Equipment maintenance reserves	$904.20		$850
Accrued expenses and accounts payable	478.1		554
Accrued interest payable	247.1		235.3
Security and other deposits	227.4		231.6
Current taxes payable and deferred taxes	179.8	[1]	185.5	[1]
Valuation adjustment relating to aerospace commitments	137.5	[1]	188.1	[1]
Other	403.3	[2]	425.4	[2]
Total other liabilities	2,577.40	[2]	2,669.90	[2]
CIT Group Inc. [Member]	'		'
Total other liabilities	$678.30		$620.20
[1]	In conjunction with FSA, a liability was recorded to reflect the current fair value of aircraft purchase commitments outstanding at the time. When the aircraft are purchased, the cost basis of the assets is reduced by the associated liability.
[2]	Other liabilities consist of other taxes, property tax reserves and other miscellaneous liabilities.

Fair_Value_Assets_And_Liabilit

Fair Value (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Debt Securities available for sale	$1,487.80	$767.60
Equity Securities available for sale	13.7	14.3
Trading assets at fair value - derivatives	37.4	8.4
Trading liabilities at fair value - derivatives	-86.9	-81.9
Fair Value Measurements Recurring [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Debt Securities available for sale	1,487.80	767.6	[1]
Equity Securities available for sale	13.7	14.3
Trading assets at fair value - derivatives	37.4	8.4
Derivative counterparty assets at fair value	12.9	1.9
Total Assets	1,551.80	792.2
Trading liabilities at fair value - derivatives	-86.9	-81.9
Derivative counterparty liabilities at fair value	-24.1	-38.5
Total Liabilities	-111	-120.4
Fair Value Measurements Recurring [Member] | Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Debt Securities available for sale	675.9	767.6	[1]
Equity Securities available for sale	13.7	14.3
Total Assets	689.6	781.9
Fair Value Measurements Recurring [Member] | Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Debt Securities available for sale	811.9	'
Trading assets at fair value - derivatives	37.4	8.4
Derivative counterparty assets at fair value	12.9	1.9
Total Assets	862.2	10.3
Trading liabilities at fair value - derivatives	-77.2	-76.1
Derivative counterparty liabilities at fair value	-24.1	-38.5
Total Liabilities	-101.3	-114.6
Fair Value Measurements Recurring [Member] | Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Trading liabilities at fair value - derivatives	-9.7	-5.8
Total Liabilities	($9.70)	($5.80)
[1]	Debt securities AFS fair value hierarchy at December 31, 2012 has been conformed to the current presentation.

Fair_Value_Assets_Measured_At_

Fair Value (Assets Measured At Fair Value On A Non-Recurring Basis) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Threshold at which impaired finance receivables that are placed on non-accrual status are subject to individual review	$500,000	'
Fair Value Measurements Non-Recurring [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets Held for Sale	731,100,000	295,200,000
Impaired loans	18,500,000	61,000,000
Total	749,600,000	356,200,000
Fair Value Measurements Non-Recurring [Member] | Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets Held for Sale	731,100,000	295,200,000
Impaired loans	18,500,000	61,000,000
Total	749,600,000	356,200,000
Fair Value Measurements Non-Recurring [Member] | Total Gains And (Losses) [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets Held for Sale	-59,400,000	-106,700,000
Impaired loans	-1,600,000	-40,900,000
Total	($61,000,000)	($147,600,000)

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) (Level 3 [Member], USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Level 3 [Member]	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]	'		'
Beginning Balance	($5.80)		'
Gains or losses realized/unrealized Included in Other Income	-3.9	[1]	-5.8	[1]
Ending Balance	($9.70)		($5.80)
[1]	Changes in Fair Value of Level 3 Financial Assets and Liabilities Measured on a Recurring Basis (dollars in millions)TotalDerivativesDecember 31, 2011$                                   - $                                - Gains or losses realized/unrealized Included in Other Income (1) (5.8) (5.8)December 31, 2012$                              (5.8)$                          (5.8)Gains or losses realized/unrealized Included in Other Income (1) (3.9) (3.9)December 31, 2013$                              (9.7)$                          (9.7)Valuation of the derivative related to the GSI facilities

Fair_Value_Carrying_And_Estima

Fair Value (Carrying And Estimated Fair Values Of Financial Instruments) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Loans (excluding leases)	$12,700,000,000		'
Investment Securities	2,630,700,000		1,065,500,000
Other assets subject to fair value disclosure and unsecured counterparty receivables	12,900,000		1,900,000
Deposits	-12,526,500,000		-9,684,500,000
Other liabilities	-2,577,400,000	[1]	-2,669,900,000	[1]
Fair value of loans, percentage	100.50%		'
Unpaid principal balance	370,100,000	[2]	764,600,000
Impaired loans carrying amount	259,900,000		'
Carrying amount of impaired loans percentage of unpaid principal balance	70.00%		'
Carrying value of impaired loans	291,300,000	[2]	500,100,000
Carrying Value [Member]	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Trading assets - derivatives	37,400,000		8,400,000
Derivative counterparty assets at fair value	12,900,000		1,900,000
Assets held for sale (excluding leases)	415,200,000		56,800,000
Loans (excluding leases)	12,619,400,000		12,237,400,000
Investment Securities	2,630,700,000		1,065,500,000
Other assets subject to fair value disclosure and unsecured counterparty receivables	586,500,000	[3]	691,600,000	[3]
Deposits	-12,565,000,000	[4]	-9,721,800,000	[4]
Trading liabilities - derivatives	-86,900,000		-81,900,000
Derivative counterparty liabilities at fair value	-24,100,000		-38,500,000
Long-term borrowings	-18,693,100,000	[4]	-18,528,800,000	[4]
Other liabilities	-1,919,100,000	[5]	-1,936,900,000	[5]
Estimated Fair Value [Member]	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Trading assets - derivatives	37,400,000		8,400,000
Derivative counterparty assets at fair value	12,900,000		1,900,000
Assets held for sale (excluding leases)	416,400,000		60,400,000
Loans (excluding leases)	12,681,600,000		12,183,300,000
Investment Securities	2,629,200,000		1,068,300,000
Other assets subject to fair value disclosure and unsecured counterparty receivables	586,500,000	[3]	691,600,000	[3]
Deposits	-12,751,900,000	[4]	-9,931,800,000	[4]
Trading liabilities - derivatives	-86,900,000		-81,900,000
Derivative counterparty liabilities at fair value	-24,100,000		-38,500,000
Long-term borrowings	-19,340,800,000	[4]	-19,556,200,000	[4]
Other liabilities	-1,919,100,000	[5]	-1,936,900,000	[5]
CIT Group Inc. [Member]	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Investment Securities	2,096,600,000		750,300,000
Other liabilities	-678,300,000		-620,200,000
Level 1 [Member]	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Unsecured borrowings	12,600,000,000		'
Level 2 [Member]	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Secured long-term borrowings	2,400,000,000		'
Level 3 [Member]	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Secured long-term borrowings	3,600,000,000		'
With No Related Allowance Recorded [Member]	'		'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'		'
Unpaid principal balance	204,100,000		'
Carrying value of impaired loans	'		$168,100,000
[1]	Other liabilities consist of other taxes, property tax reserves and other miscellaneous liabilities.
[2]	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 cash-basis method of accounting. Interest income recorded for the year ended December 31, 2012 while the loans were impaired was $21.3 million of which $4.3 million was interest recognized using the cash-basis method of accounting.
[3]	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.
[4]	Deposits and long-term borrowings include accrued interest, which is included in "Other liabilities" in the Balance Sheet.
[5]	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 use Level 3 inputs.

Stockholders_Equity_Narrative_

Stockholders' Equity (Narrative) (Details) (USD $)	12 Months Ended
In Millions, except Per Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stockholders' Equity [Abstract]	'	'	'
Cash dividend on common stock	$0.10	'	'
Other comprehensive income (loss), net of tax	$679.80	($587.40)	($66.70)
Accumulated other comprehensive (loss) income	73.6	77.7	82.6
Benefit plans net gain/(loss) and prior service (cost)/credit, tax	-0.2	'	'
Changes in benefit plans net gain/(loss) and prior service (cost)/credit reclassification adjustments	0.2	-1.4	'
Net unrealized gains on available for sale securities, tax	1.3	-1	-1
Reclassification adjustments for unrealized gains (losses) on investments recognized through income	$0.80	'	'

Stockholders_Equity_Number_Of_

Stockholders' Equity (Number Of Shares Of Common Stock) (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Stockholders' Equity [Abstract]	'	'	'
Common Stock, Issued, Beginning Balance	201,283,063	200,980,752	'
Common Stock, Less Treasury, Beginning Balance	-4,778,644	-414,261	-320,438
Common stock Outstanding, Beginning balance	200,868,802	200,660,314	'
Restricted/performance shares issued, Issued	873,842	272,702	'
Restricted/performance shares issued, Outstanding	873,842	272,702	'
Repurchase of common stock	-4,006,941	'	'
Shares held to cover taxes on vesting restricted shares and other, Less Treasury	-357,442	-93,823	'
Shares held to cover taxes on vesting restricted shares and other, Outstanding	-357,442	-93,823	'
Employee stock purchase plan participation, Issued	25,490	29,609	'
Employee stock purchase plan participation, Outstanding	25,490	29,609	'
Common Stock, Issued, Ending Balance	202,182,395	201,283,063	200,980,752
Common Stock, Less Treasury, Ending Balance	-4,778,644	-414,261	-320,438
Common stock Outstanding, Ending balance	197,403,751	200,868,802	200,660,314

Stockholders_Equity_Components

Stockholders' Equity (Components Of Accumulated Other Comprehensive Loss) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
In Millions, unless otherwise specified
Stockholders' Equity [Abstract]	'	'	'
Changes in benefit plan net gain/(loss) and prior service (cost)/credit, Gross Unrealized	($24.30)	($43.50)	'
Foreign currency translation adjustments, Gross Unrealized	-49.4	-36.6	'
Changes in fair values of derivatives qualifying as cash flow hedges, Gross Unrealized	-0.2	-0.1	'
Unrealized net gains (losses) on available for sale securities, Gross Unrealized	0.2	3.5	'
Total accumulated other comprehensive loss, Gross Unrealized	-73.7	-76.7	'
Changes in benefit plan net gain/(loss) and prior service (cost)/credit, Income Taxes	0.2	0.4	'
Unrealized net gains (losses) on available for sale securities, Income Taxes	-0.1	-1.4	'
Total accumulated other comprehensive loss, Income Taxes	0.1	-1	'
Changes in benefit plan net gain/(loss) and prior service (cost)/credit, Net Unrealized	-24.1	-43.1	'
Foreign currency translation adjustments, Net Unrealized	-49.4	-36.6	'
Changes in fair values of derivatives qualifying as cash flow hedges, Net Unrealized	-0.2	-0.1	'
Unrealized net gains (losses) on available for sale securities, Net Unrealized	0.1	2.1	'
Total accumulated other comprehensive loss, Net Unrealized	($73.60)	($77.70)	($82.60)

Stockholders_Equity_Changes_In

Stockholders' Equity (Changes In Accumulated Other Comprehensive Income By Component) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'
Balance	($77.70)	($82.60)	'
AOCI activity before reclassification	-4.2	-3.8	'
Amounts reclassified from AOCI	8.3	8.7	'
Other comprehensive income (loss), net of tax	4.1	4.9	-81.5
Balance	-73.6	-77.7	-82.6
Changes In Benefit Plan Net Gain/(Loss) And Prior Service (Cost)/Credit [Member]	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'
Balance	-43.1	-54.8	'
AOCI activity before reclassification	19.2	10.3	'
Amounts reclassified from AOCI	-0.2	1.4	'
Other comprehensive income (loss), net of tax	19	11.7	'
Balance	-24.1	-43.1	'
Foreign Currency Translation Adjustments [Member]	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'
Balance	-36.6	-28.2	'
AOCI activity before reclassification	-21.2	-16.8	'
Amounts reclassified from AOCI	8.4	8.4	'
Other comprehensive income (loss), net of tax	-12.8	-8.4	'
Balance	-49.4	-36.6	'
Unrealized Net Gains (Losses) On Available For Sale Securities [Member]	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'
Balance	2.1	1.1	'
AOCI activity before reclassification	-2.8	1	'
Amounts reclassified from AOCI	0.8	'	'
Other comprehensive income (loss), net of tax	-2	1	'
Balance	0.1	2.1	'
Changes In Fair Values Of Derivatives Qualifying As Cash Flow Hedges [Member]	'	'	'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'	'	'
Balance	-0.1	-0.7	'
AOCI activity before reclassification	0.6	1.7	'
Amounts reclassified from AOCI	-0.7	-1.1	'
Other comprehensive income (loss), net of tax	-0.1	0.6	'
Balance	($0.20)	($0.10)	'

Stockholders_Equity_Reclassifi

Stockholders' Equity (Reclassifications Out Of Accumulated Other Comprehensive Income) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'
(Gains)/Losses, Gross Amount	$8.80	$8.60
(Gains)/Losses, Tax	-0.5	0.1
Net Amount	8.3	8.7
Changes In Benefit Plan Net Gain/(Loss) And Prior Service (Cost)/Credit [Member]	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'
(Gains)/Losses, Gross Amount	-0.2	1.3
(Gains)/Losses, Tax	'	0.1
Net Amount	-0.2	1.4
Foreign Currency Translation Adjustments [Member]	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'
(Gains)/Losses, Gross Amount	8.4	8.4
Net Amount	8.4	8.4
Unrealized Net Gains (Losses) On Available For Sale Securities [Member]	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'
(Gains)/Losses, Gross Amount	1.3	'
(Gains)/Losses, Tax	-0.5	'
Net Amount	0.8	'
Changes In Fair Values Of Derivatives Qualifying As Cash Flow Hedges [Member]	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]	'	'
(Gains)/Losses, Gross Amount	-0.7	-1.1
Net Amount	($0.70)	($1.10)

Regulatory_Capital_Components_

Regulatory Capital (Components Of Tier 1 Capital And Total Capital) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
In Millions, unless otherwise specified
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'
Total stockholders' equity	$8,838.80		$8,334.80		'
Less: Goodwill	-334.6		-345.9		-345.9
Qualifying reserve for credit losses and other reserves	356.1		379.3	[1]	407.8
Total Capital (to risk-weighted assets), Actual	17.40%		17.00%		'
Total Capital (to risk-weighted assets), Required Ratio for Capital Adequacy Purposes	10.00%	[2]	13.00%	[2]	'
Tier 1 Capital (to risk-weighted assets), Actual	16.70%		16.20%		'
Tier 1 Capital (to risk-weighted assets), Required Ratio for Capital Adequacy Purposes	6.00%		6.00%		'
Tier 1 Leverage Ratio, Actual	18.10%		18.30%		'
Tier 1 Leverage Ratio, Required Ratio for Capital Adequacy Purposes	4.00%		4.00%		'
Percentage of net unrealized pretax gains permitted in Tier 2 capital on AFS equity securities	45.00%		'		'
CIT Bank [Member]	'		'		'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'
Total Capital (to risk-weighted assets), Actual	18.10%		22.70%		'
Total Capital (to risk-weighted assets), Required Ratio for Capital Adequacy Purposes	10.00%		10.00%		'
Tier 1 Capital (to risk-weighted assets), Actual	16.80%		21.50%		'
Tier 1 Capital (to risk-weighted assets), Required Ratio for Capital Adequacy Purposes	6.00%		6.00%		'
Tier 1 Leverage Ratio, Actual	16.90%		20.20%		'
Tier 1 Leverage Ratio, Required Ratio for Capital Adequacy Purposes	5.00%	[3]	5.00%	[3]	'
Tier 1 Capital [Member]	'		'		'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'
Total stockholders' equity	8,838.80		8,334.80		'
Effect of certain items in accumulated other comprehensive loss excluded from Tier 1 Capital	24.2		41.1		'
Adjusted total equity	8,863		8,375.90		'
Less: Goodwill	-338.3	[4]	-345.9	[4]	'
Disallowed intangible assets	-20.3	[4]	-32.7	[4]	'
Investment in certain subsidiaries	-32.3		-34.4		'
Other Tier 1 components	-32.6	[5]	-68	[5]	'
Tier 1 Capital	8,439.50		7,894.90		'
Tier 1 Capital [Member] | CIT Bank [Member]	'		'		'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'
Total stockholders' equity	2,596.60		2,437.40		'
Effect of certain items in accumulated other comprehensive loss excluded from Tier 1 Capital	'		-0.4		'
Adjusted total equity	2,596.60		2,437		'
Other Tier 1 components	'		-14.3	[5]	'
Tier 1 Capital	2,596.60		2,422.70		'
Tier 2 Capital [Member]	'		'		'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'
Investment in certain subsidiaries	-32.3		-34.4		'
Qualifying reserve for credit losses and other reserves	383.9	[6]	402.6	[6]	'
Other Tier 2 components	0.1	[7]	0.5	[7]	'
Total qualifying capital	8,791.20		8,263.60		'
Risk-weighted assets	50,571.20		48,616.90		'
Tier 2 Capital [Member] | CIT Bank [Member]	'		'		'
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]	'		'		'
Qualifying reserve for credit losses and other reserves	193.6	[6]	141.2	[6]	'
Other Tier 2 components	'		0.3	[7]	'
Total qualifying capital	2,790.20		2,564.20		'
Risk-weighted assets	$15,451.90		$11,288.30		'
[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]	The Company previously had committed to maintaining the capital ratio above regulatory minimum
[3]	Required ratio for capital adequacy purposes to be well capitalized
[4]	Goodwill and disallowed intangible assets adjustments also reflect the portion included within assets held for sale.
[5]	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 and the Tier 1 capital deduction for net unrealized losses on available-for-sale marketable securities (net of tax).
[6]	“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.
[7]	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.

Earnings_Per_Share_Reconciliat

Earnings Per Share (Reconciliation Of The Numerator And Denominator Of Basic EPS With That Of Diluted EPS) (Details) (USD $)	3 Months Ended								12 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Net income (loss) from continuing operations	'	'	'	'	'	'	'	'	$644.40	($535.80)	$83.90
Net income (loss) from discontinued operations	6.9	6.7	8	9.7	-53.9	-4.3	24.9	-23.2	31.3	-56.5	-69.1
Basic Earnings Per common share	'	'	'	'	'	'	'	'	$675.70	($592.30)	$14.80
Basic shares outstanding	'	'	'	'	'	'	'	'	200,503,000	200,887,000	200,678,000
Stock-based awards	'	'	'	'	'	'	'	'	1,192,000	'	137,000
Diluted shares outstanding	'	'	'	'	'	'	'	'	201,695,000	200,887,000	200,815,000
Basic Earnings per common share data: Income (loss) from continuing operations	'	'	'	'	'	'	'	'	$3.21	($2.67)	$0.42
Basic Earnings Per common share data: Income (loss) from discontinued operations	'	'	'	'	'	'	'	'	$0.16	($0.28)	($0.35)
Basic Earnings Per common share	'	'	'	'	'	'	'	'	$3.37	($2.95)	$0.07
Diluted Earnings Per common share data: Income (loss) from continuing operations	'	'	'	'	'	'	'	'	$3.19	($2.67)	$0.42
Diluted Earnings Per common share data: Income (loss) from discontinued operations	'	'	'	'	'	'	'	'	$0.16	($0.28)	($0.35)
Diluted Earnings Per common share	$0.65	$0.99	$0.91	$0.81	$1.03	($1.49)	($0.36)	($2.13)	$3.35	($2.95)	$0.07
Weighted average shares excluded from diluted per share computation	'	'	'	'	'	'	'	'	900,000	1,500,000	900,000
Performance Shares [Member]	'	'	'	'	'	'	'	'	'	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Weighted average shares excluded from diluted per share computation	'	'	'	'	'	'	'	'	200,000	'	'

NonInterest_Income_Schedule_Of

Non-Interest Income (Schedule Of Components Of Non-Interest Income) (Details) (USD $)	3 Months Ended								12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Non-Interest Income [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Rental income on operating leases	$463.80	$472.90	$484.30	$476.40	$480.30	$475.10	$475.50	$469.90	$1,897.40	$1,900.80	$1,785.60
Gains on sales of leasing equipment	'	'	'	'	'	'	'	'	130.5	117.6	148.4
Factoring commissions	'	'	'	'	'	'	'	'	122.3	126.5	132.5
Fee revenues	'	'	'	'	'	'	'	'	101.5	86.1	97.3
Gains on loan and portfolio sales	'	'	'	'	'	'	'	'	48.8	162.3	290.8
Recoveries of loans charged off pre-energence and loans charged off prior to transfer to held for sale	'	'	'	'	'	'	'	'	21.9	54.3	124.1
Counterparty recevable accretion	'	'	'	'	'	'	'	'	8.6	88.7	101.4
Gain on investment sales	'	'	'	'	'	'	'	'	8.2	40.2	45.7
Losses on derivatives and foreign currency exchange	'	'	'	'	'	'	'	'	1	-5.7	-5.2
Impairment on assets held for sale	'	'	'	'	'	'	'	'	-124	-115.1	-89
Other revenues	'	'	'	'	'	'	'	'	62.5	59.8	108.2
Total other income	127.6	104.5	79.2	70	152.4	85.6	123.1	253.6	381.3	614.7	954.2
Total non-interest income	'	'	'	'	'	'	'	'	$2,278.70	$2,515.50	$2,739.80

Other_Expenses_Schedule_Of_Com

Other Expenses (Schedule Of Components Of Other Expenses) (Details) (USD $)

3 Months Ended

12 Months Ended

In Millions, unless otherwise specified

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Other Expenses [Abstract]

'

'

'

'

'

'

'

'

'

'

'

Depreciation on operating lease equipment

$139.50

$134.20

$133.60

$133.30

$127.50

$126.50

$125.30

$133.90

$540.60

$513.20

$538.60

Maintenance and other operating lease expenses

39

41.4

40.3

42.4

31.9

38.1

35.6

33.8

163.1

139.4

157.8

Compensation and benefits

'

'

'

'

'

'

'

'

535.4

537.1

490.5

Technology

'

'

'

'

'

'

'

'

83.3

81.6

75.1

Professional fees

'

'

'

'

'

'

'

'

69.1

63.8

120

Provision for severance and facilities exiting activities

'

'

'

'

'

'

'

'

36.9

22.7

13.1

Net occupancy expense

'

'

'

'

'

'

'

'

35.3

36.1

38.7

Advertising and marketing

'

'

'

'

'

'

'

'

25.2

[1]

36.5

[1]

10.5

[1]

Other expenses

'

'

'

'

'

'

'

'

185

116.2

112.8

Total operating expenses

'

'

'

'

'

'

'

'

970.2

894

860.7

Loss on debt extinguishments

'

'

'

'

'

16.8

21.5

22.9

'

61.2

134.8

Total other expense

'

'

'

'

'

'

'

'

1,673.90

1,607.80

1,691.90

Tax settlement agreement

'

'

'

'

'

'

'

'

$50

'

'

[1]

Includes $50 million related to a tax settlement agreement with Tyco International Ltd.

Income_Taxes_Narrative_Details

Income Taxes (Narrative) (Details) (USD $)

3 Months Ended

12 Months Ended

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Income Tax Contingency [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Reduced tax attributes, principally net operating loss carry-forwards

'

'

'

'

'

'

'

'

'

'

'

$5,100,000,000

Reduced tax attributes through tax bases in assets

'

'

'

'

'

'

'

'

'

'

'

2,600,000,000

Deferred tax liability

1,934,200,000

'

'

'

1,817,300,000

'

'

'

1,934,200,000

1,817,300,000

'

3,100,000,000

Limit on net operating loss usage, per annum

'

'

'

'

'

'

'

'

'

'

'

230,000,000

Deferred tax assets related to Global NOL's

2,700,000,000

'

'

'

'

'

'

'

2,700,000,000

'

'

'

U.S. Federal NOLs

'

'

'

'

4,900,000,000

'

'

'

'

4,900,000,000

'

'

Deferred tax assets, valuation allowance

1,495,300,000

'

'

'

1,578,900,000

'

'

'

1,495,300,000

1,578,900,000

'

'

Number of fiscal years supporting need for valuation allowance

'

'

'

'

'

'

'

'

'3 years

'

'

'

Deferred tax liabilities, foreign withholding taxes

1,400,000

'

'

'

'

'

'

'

1,400,000

'

'

'

Reduction in foreign withholding taxes

10,200,000

'

'

'

'

'

'

'

10,200,000

'

'

'

Additional domestic deferred income taxes

19,600,000

'

'

'

'

'

'

'

19,600,000

'

'

'

Provision for income taxes

28,600,000

13,200,000

29,300,000

12,800,000

37,000,000

2,700,000

38,500,000

38,500,000

92,500,000

133,800,000

158,600,000

'

Deferred tax liabilities, domestic income taxes

167,100,000

'

'

'

'

'

'

'

167,100,000

'

'

'

Liability for uncertain tax positions

3,000,000

'

'

'

'

'

'

'

3,000,000

'

'

'

Uncertain tax position including interest and penalties, foreign currency revaluation

'

'

'

'

'

'

'

'

100,000

'

'

'

Recognized increase in interest and penalties associated with uncertain tax positions

'

'

'

'

'

'

'

'

700,000

'

'

'

Decrease in foreign currency translation, netted against uncertain tax positions

'

'

'

'

'

'

'

'

'

300,000

'

'

Unrecognized tax benefits total

333,400,000

'

'

'

330,400,000

'

'

'

333,400,000

330,400,000

'

'

Potential decrease to tax benefits, minimum

0

'

'

'

'

'

'

'

0

'

'

'

Potential decrease to tax benefits, maximum

5,000,000

'

'

'

'

'

'

'

5,000,000

'

'

'

Accrued liability for interest and penalties

13,300,000

'

'

'

'

'

'

'

13,300,000

'

'

'

Relating To Cumulative Federal NOLs [Member]

'

'

'

'

'

'

'

'

'

'

'

'

Income Tax Contingency [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Deferred tax asset

1,800,000,000

'

'

'

'

'

'

'

1,800,000,000

'

'

'

Net operating loss carry-forwards

'

'

'

'

'

'

'

'

5,200,000,000

'

'

'

Deferred tax assets, valuation allowance

1,300,000,000

'

'

'

'

'

'

'

1,300,000,000

'

'

'

Relating To Cumulative Federal NOLs [Member] | Pre-Emergence [Member]

'

'

'

'

'

'

'

'

'

'

'

'

Income Tax Contingency [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Net operating loss carry-forwards

'

'

'

'

'

'

'

'

2,600,000,000

'

'

'

Relating To Cumulative State NOLs [Member]

'

'

'

'

'

'

'

'

'

'

'

'

Income Tax Contingency [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Net operating loss carry-forwards

'

'

'

'

'

'

'

'

453,000,000

'

'

'

Cumulative state NOL's

9,600,000,000

'

'

'

'

'

'

'

9,600,000,000

'

'

'

State NOL expiring this year

308,000,000

'

'

'

'

'

'

'

308,000,000

'

'

'

Relating To Cumulative Foreign NOLs [Member]

'

'

'

'

'

'

'

'

'

'

'

'

Income Tax Contingency [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Net operating loss carry-forwards

'

'

'

'

'

'

'

'

408,000,000

'

'

'

Foreign NOLs carryforwards

3,000,000,000

'

'

'

'

'

'

'

3,000,000,000

'

'

'

Deferred tax assets, valuation allowance

211,000,000

'

'

'

'

'

'

'

211,000,000

'

'

'

Internal Revenue Services [Member]

'

'

'

'

'

'

'

'

'

'

'

'

Income Tax Contingency [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Alternative minimum tax credits

1,400,000

'

'

'

'

'

'

'

1,400,000

'

'

'

Liabilities For Unrecognized Tax Benefits [Member]

'

'

'

'

'

'

'

'

'

'

'

'

Income Tax Contingency [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Unrecognized tax benefits total

320,100,000

'

'

'

317,800,000

'

'

'

320,100,000

317,800,000

'

'

CIT Group Inc. [Member]

'

'

'

'

'

'

'

'

'

'

'

'

Income Tax Contingency [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Provision for income taxes

'

'

'

'

'

'

'

'

$367,900,000

$482,200,000

$656,600,000

'

Income_Taxes_Components_Of_Inc

Income Taxes (Components Of Income (Loss) Before Provision/(Benefit) For Income Taxes) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Tax Examination [Line Items]	'	'	'
Income (loss) before provision for income taxes	$734.20	($415.40)	$245.90
U.S. [Member]	'	'	'
Income Tax Examination [Line Items]	'	'	'
Income (loss) before provision for income taxes	374.2	-1,004.30	-593
Non-U.S. [Member]	'	'	'
Income Tax Examination [Line Items]	'	'	'
Income (loss) before provision for income taxes	$360	$588.90	$838.90

Income_Taxes_Schedule_Of_Provi

Income Taxes (Schedule Of Provision/(Benefit) For Income Taxes) (Details) (USD $)	3 Months Ended								12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current federal income tax provision/(benefit)	'	'	'	'	'	'	'	'	$0.10	$1.50	$1.10
Deferred federal income tax provision	'	'	'	'	'	'	'	'	18.9	9.5	18.6
Total federal income tax provision	'	'	'	'	'	'	'	'	19	11	19.7
Current state and local income tax provision	'	'	'	'	'	'	'	'	6	16.1	10.8
Deferred state and local income tax provision/(benefit)	'	'	'	'	'	'	'	'	1	-2.1	1
Total state and local income tax provision	'	'	'	'	'	'	'	'	7	14	11.8
Total foreign income tax provision	'	'	'	'	'	'	'	'	66.5	108.8	127.1
Total provision/(benefit) for income taxes	28.6	13.2	29.3	12.8	37	2.7	38.5	38.5	92.5	133.8	158.6
Continuing operations	'	'	'	'	'	'	'	'	83.9	116.7	157
Discontinued operation	'	'	'	'	'	'	'	'	8.6	17.1	1.6
CIT Group Inc. [Member]	'	'	'	'	'	'	'	'	'	'	'
Total provision/(benefit) for income taxes	'	'	'	'	'	'	'	'	$367.90	$482.20	$656.60

Income_Taxes_Schedule_Of_Perce

Income Taxes (Schedule Of Percentage Of Pretax Income) (Details) (USD $)	3 Months Ended								12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income (loss) before income taxes	'	'	'	'	'	'	'	'	$734.20	($415.40)	$245.90
Income tax expense (benefit)	'	'	'	'	'	'	'	'	83.9	116.7	157
Total provision/(benefit) for income taxes	28.6	13.2	29.3	12.8	37	2.7	38.5	38.5	92.5	133.8	158.6
Continuing Operations [Member]	'	'	'	'	'	'	'	'	'	'	'
Income (loss) before income taxes	'	'	'	'	'	'	'	'	734.2	-415.4	245.9
Income tax (benefit) expense, Federal income tax rate	'	'	'	'	'	'	'	'	256.9	-145.3	86
Income tax (benefit) expense, State and local income taxes, net of federal income tax benefit	'	'	'	'	'	'	'	'	6.2	13.5	10.2
Income tax (benefit) expense, Lower tax rates applicable to non-U.S. earnings	'	'	'	'	'	'	'	'	-97.1	-152.9	-177.4
Income tax (benefit) expense, Foreign income subject to U.S. tax	'	'	'	'	'	'	'	'	55.7	322.5	306.9
Income tax (benefit) expense, Unrecognized tax benefits	'	'	'	'	'	'	'	'	0.3	-227.8	101.3
Income tax (benefit) expense, Deferred income taxes on foreign unremitted earnings	'	'	'	'	'	'	'	'	-24.7	112	86.3
Income tax (benefit) expense, Valuation allowances	'	'	'	'	'	'	'	'	-100.6	211.4	-225.5
Income tax (benefit) expense, International tax settlements	'	'	'	'	'	'	'	'	-11.2	'	'
Income tax (benefit) expense, Other	'	'	'	'	'	'	'	'	-1.6	-16.7	-30.8
Income tax expense (benefit)	'	'	'	'	'	'	'	'	83.9	116.7	157
Federal income tax rate	'	'	'	'	'	'	'	'	35.00%	35.00%	35.00%
State and local income taxes, net of federal income tax benefit	'	'	'	'	'	'	'	'	0.80%	-3.20%	4.10%
Lower tax rates applicable to non-US earnings	'	'	'	'	'	'	'	'	-13.20%	36.80%	-72.20%
Foreign income subject to US tax	'	'	'	'	'	'	'	'	7.60%	-77.70%	124.90%
Unrecognized tax benefits	'	'	'	'	'	'	'	'	'	54.90%	41.20%
Deferred income taxes on foreign unremitted earnings	'	'	'	'	'	'	'	'	-3.40%	-27.00%	35.10%
Valuation allowances	'	'	'	'	'	'	'	'	-13.70%	-50.90%	-91.70%
International tax settlements	'	'	'	'	'	'	'	'	-1.50%	'	'
Other	'	'	'	'	'	'	'	'	-0.20%	4.00%	-12.50%
Effective Tax Rate	'	'	'	'	'	'	'	'	11.40%	-28.10%	63.90%
Discontinued Operations [Member]	'	'	'	'	'	'	'	'	'	'	'
Income (loss) before income taxes	'	'	'	'	'	'	'	'	39.9	-39.4	-67.5
Income tax (benefit) expense, Federal income tax rate	'	'	'	'	'	'	'	'	14	-13.7	-23.6
Income tax (benefit) expense, State and local income taxes, net of federal income tax benefit	'	'	'	'	'	'	'	'	0.7	0.5	1.6
Income tax (benefit) expense, Lower tax rates applicable to non-U.S. earnings	'	'	'	'	'	'	'	'	15.3	11.9	'
Income tax (benefit) expense, Foreign income subject to U.S. tax	'	'	'	'	'	'	'	'	-17.9	-17.4	'
Income tax (benefit) expense, Valuation allowances	'	'	'	'	'	'	'	'	-3.5	35.8	23.6
Total Effective Tax Rate - Discontinued Operations	'	'	'	'	'	'	'	'	8.6	17.1	1.6
Income tax expense (benefit)	'	'	'	'	'	'	'	'	92.5	'	'
Total provision/(benefit) for income taxes	'	'	'	'	'	'	'	'	'	133.8	158.6
Federal income tax rate	'	'	'	'	'	'	'	'	35.00%	35.00%	35.00%
State and local income taxes, net of federal income tax benefit	'	'	'	'	'	'	'	'	1.70%	-1.40%	-2.30%
Lower tax rates applicable to non-US earnings	'	'	'	'	'	'	'	'	38.50%	-30.30%	'
Foreign income subject to US tax	'	'	'	'	'	'	'	'	-44.90%	44.10%	'
Valuation allowances	'	'	'	'	'	'	'	'	-8.80%	-91.10%	-35.00%
Total Effective Tax Rate - Discontinued Operations	'	'	'	'	'	'	'	'	21.50%	-43.70%	-2.30%
Total Effective Tax Rate	'	'	'	'	'	'	'	'	11.90%	-29.40%	89.00%
CIT Group Inc. [Member]	'	'	'	'	'	'	'	'	'	'	'
Income (loss) before income taxes	'	'	'	'	'	'	'	'	129	-1,164.30	-1,935.30
Total provision/(benefit) for income taxes	'	'	'	'	'	'	'	'	$367.90	$482.20	$656.60

Income_Taxes_Schedule_Of_Tax_E

Income Taxes (Schedule Of Tax Effects Of Deferred Income Tax Assets And Liabilities) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2010
In Millions, unless otherwise specified
Income Taxes [Abstract]	'	'	'
Net operating loss (NOL) carry forwards	$2,694.70	$2,552.90	'
Loans and direct financing leases	166.4	232.7	'
Provision for credit losses	147.9	153.4	'
Accrued liabilities and reserves	97.2	116.8	'
FSA adjustments - aircraft and rail contracts	52.8	73.6	'
Other	114	176.2	'
Total gross deferred tax assets	3,273	3,305.60	'
Operating leases	-1,549.30	-1,317.60	'
Foreign unremitted earnings	-168.5	-198.4	'
Debt	-97.7	-115.7	'
Goodwill and intangibles	-47.3	-32.8	'
Other	-71.4	-152.8	'
Total deferred tax liabilities	-1,934.20	-1,817.30	-3,100
Total net deferred tax asset before valuation allowances	1,338.80	1,488.30	'
Less: Valuation allowances	-1,495.30	-1,578.90	'
Net deferred tax liability after valuation allowances	($156.50)	($90.60)	'

Income_Taxes_Reconciliation_Of

Income Taxes (Reconciliation Of The Beginning And Ending Amount Of Unrecognized Tax Benefits) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
Income Tax Contingency [Line Items]	'
Balance	$330.40
Additions for tax positions related to current year	1.6
Additions for tax positions related to prior years	2.8
Settlements and payments	-0.5
Expiration of statutes of limitations	-0.8
Foreign currency revaluation	-0.1
Balance	333.4
Liabilities For Unrecognized Tax Benefits [Member]	'
Income Tax Contingency [Line Items]	'
Balance	317.8
Additions for tax positions related to current year	1.4
Additions for tax positions related to prior years	2
Settlements and payments	-0.5
Expiration of statutes of limitations	-0.8
Foreign currency revaluation	0.2
Balance	320.1
Interest / Penalties [Member]	'
Income Tax Contingency [Line Items]	'
Balance	12.6
Additions for tax positions related to current year	0.2
Additions for tax positions related to prior years	0.8
Foreign currency revaluation	-0.3
Balance	$13.30

Retirement_Postretirement_And_1

Retirement, Postretirement And Other Benefit Plans (Narrative) (Details) (USD $)	1 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Oct. 31, 2012
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Minimum service years vesting period	'	'3 years	'	'	'
Percentage of "Benefits Pay"	'	2.47%	2.67%	4.17%	'
Accumulated other comprehensive income recognized	'	$24,100,000	$43,100,000	'	'
Discount rate	'	'	3.75%	4.50%	3.75%
Payment made from the Plan	'	19,800,000	'	'	'
Accumulated benefit obligation, defined benefit plans	'	449,800,000	477,500,000	'	'
Effect of one-percentage point increase in health care trend rate on postretirement benefit obligation	'	1,200,000	'	'	'
Effect of one-percentage point decrease in health care trend rate on postretirement benefit obligation	'	1,000,000	'	'	'
Expected contribution to plan	'	10,000,000	'	'	'
Percentage of U.S. Plan defined contribution expense	'	87.00%	'	'	'
Savings plans	'	24,900,000	16,900,000	15,100,000	'
Shares issued under LTIP	10,526,316	'	'	'	'
Compensation expense related to employee stock option plans and employee stock purchase plans	'	52,500,000	41,900,000	24,800,000	'
Number of shares authorized to be issued to eligible employees	'	2,000,000	'	'	'
Minimum percentage of base salary withheld to purchase shares quarterly	'	1.00%	'	'	'
Maximum percentage of base salary withheld to purcahse shares quarterly	'	10.00%	'	'	'
Discounted purchare price compared to fair market value of CIT common stock	'	85.00%	'	'	'
Maximum amount of common stock that may be purchased by a participant under ESPP	'	25,000	'	'	'
Total number of shares purchased under ESPP	'	25,490	29,609	'	'
Vesting period	'	'3 years	'	'	'
Fair value of RSU vested and settled	'	38,600,000	10,800,000	'	'
Fair value of RSU vested and settled in cash	'	400,000	400,000	'	'
Equity Securities [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Asset allocation, target, minimum	'	15.00%	'	'	'
Asset allocation, target, maximum	'	35.00%	'	'	'
Debt Securities [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Asset allocation, target, minimum	'	35.00%	'	'	'
Asset allocation, target, maximum	'	65.00%	'	'	'
Global Asset Allocations [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Asset allocation, target, minimum	'	15.00%	'	'	'
Asset allocation, target, maximum	'	25.00%	'	'	'
Restricted Stock Units (RSUs) [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Compensation expense related to employee stock option plans and employee stock purchase plans	'	52,300,000	'	'	'
Vesting period	'	'3 years	'	'	'
Percentage vested at end of vesting period	'	100.00%	'	'	'
Hedge Funds [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Asset allocation, target, minimum	'	5.00%	'	'	'
Asset allocation, target, maximum	'	10.00%	'	'	'
Retirement Benefits [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Minimum age requirement to be covered under the plan	'	'65 years	'	'	'
Discount rate	'	4.59%	3.80%	'	'
Payment made from the Plan	'	21,100,000	24,000,000	'	'
Actuarial loss	'	20,100,000	-41,700,000	'	'
Recognized in AOCI, before taxes	'	18,200,000	4,800,000	-57,700,000	'
Post-Retirement Benefits [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Discount rate	'	4.50%	3.74%	'	'
Payment made from the Plan	'	3,000,000	3,400,000	'	'
Actuarial loss	'	2,800,000	-1,200,000	'	'
Recognized in AOCI, before taxes	'	1,000,000	6,500,000	-1,800,000	'
Retirement Plan [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Largest retirement plan percentage of total pension projected benefit obligation	'	73.40%	'	'	'
Expected contribution to plan	'	22,000,000	'	'	'
Healthcare Benefit Obligation [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
U.S. retiree total postretirement benefit obligation percent	'	46.80%	'	'	'
Life Insurance Benefit Obligation [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
U.S. retiree total postretirement benefit obligation percent	'	48.40%	'	'	'
Supplemental Retirement Plan [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Percent of total pension benefit obligation held by plan	'	18.20%	'	'	'
Resulting From Buy In / Buy Out Transaction [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Actuarial loss	'	-8,000,000	'	'	'
Change in Assumptions for Pension Plans [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Recognized in AOCI, before taxes	'	'	-1,800,000	'	'
Increase in basis points	'	0.01	'	'	'
Decrease in basis points	'	'	0.0075	'	'
Change in Assumptions for Pension Plans [Member] | Retirement Benefits [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Discount rate	'	4.75%	3.75%	'	'
Recognized in AOCI, before taxes	'	17,100,000	48,100,000	'	'
Change in Assumptions for Pension Plans [Member] | Post-Retirement Benefits [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Discount rate	'	4.50%	3.75%	'	'
Recognized in AOCI, before taxes	'	1,000,000	'	'	'
Increase in basis points	'	0.0075	'	'	'
Decision To Freeze Benefits [Member] | Retirement Benefits [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Recognized in AOCI, before taxes	'	'	20,400,000	'	'
Increase In Asset Values [Member] | Retirement Benefits [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Recognized in AOCI, before taxes	'	'	23,800,000	'	'
Settlement Of Obligations [Member] | Retirement Benefits [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Recognized in AOCI, before taxes	'	'	8,700,000	'	'
Discontinuation Of Benefits [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Recognized in AOCI, before taxes	'	'	$8,300,000	'	'
Minimum [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Actual shares as a percentage of target grant of Performance Stock Units	'	0.00%	0.00%	'	'
Maximum [Member]	'	'	'	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'
Actual shares as a percentage of target grant of Performance Stock Units	'	150.00%	200.00%	'	'

Retirement_Postretirement_And_2

Retirement, Postretirement And Other Benefit Plans (Summary Of Changes In Benefit Obligation Plan Assets Funded Status And Net Periodic Benefit Cost Of Retirement And Postretirement Plans) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]	'		'		'
Fair value of plan assets at beginning of period	$346.30		'		'
Employer contributions	19.8		'		'
Fair value of plan assets at end of period	356.9		'		'
Company assets not included in plan assets	95.7		99.2		'
Retirement Benefits [Member]	'		'		'
Defined Benefit Plan Disclosure [Line Items]	'		'		'
Benefit obligation at beginning of year	480.8		470.3		'
Service cost	0.5	[1]	14.5	[1]	13
Interest cost	17.8		19.9		22.5
Plan amendments	-1.7		-22.4		'
Actuarial loss/(gain)	-20.1		41.7		'
Benefits paid	-25.3		-44.7		'
Other	0.4	[2]	1.5	[2]	'
Benefit obligation at end of year	452.4		480.8		470.3
Fair value of plan assets at beginning of period	346.3		324.6		'
Actual return on plan assets	16		41.3		'
Employer contributions	21.1		24		'
Plan settlements	-1.7		-0.2		'
Other	0.5	[2]	1.3	[2]	'
Fair value of plan assets at end of period	356.9		346.3		324.6
Funded status at end of year	-95.5	[3],[4]	-134.5	[3],[4]	'
Post-Retirement Benefits [Member]	'		'		'
Defined Benefit Plan Disclosure [Line Items]	'		'		'
Benefit obligation at beginning of year	42.3		50.2		'
Service cost	0.1	[1]	0.8	[1]	0.9
Interest cost	1.6		1.9		2.4
Plan amendments	0.6		-9		'
Actuarial loss/(gain)	-2.8		1.2		'
Benefits paid	-4.7		-4.7		'
Other	1.7	[2]	1.9	[2]	'
Benefit obligation at end of year	38.8		42.3		50.2
Employer contributions	3		3.4		'
Plan settlements	-0.1		-0.7		'
Other	1.8	[2]	2	[2]	'
Funded status at end of year	($38.80)	[3],[4]	($42.30)	[3],[4]	'
[1]	The retirement benefit plan was frozen and the post-retirement benefit plan discontinued benefits effective December 31, 2012, as such, there was no service cost incurred on those plans in the year ended December 31, 2013.
[2]	Consists of any of the following: plan participants’ contributions, termination benefits, retiree drug subsidy, and currency translation adjustments.
[3]	These amounts were recognized as liabilities in the Consolidated Balance Sheet at December 31, 2013 and 2012.
[4]	Company assets of $95.7 million and $99.2 million as of December 31, 2013 and December 31, 2012, respectively, related to the non-qualified U.S. executive retirement plan obligation are not included in plan assets but related liabilities are in the benefit obligation.

Retirement_Postretirement_And_3

Retirement, Postretirement And Other Benefit Plans (Schedule Of Defined Benefit Plans With Accumulated Benefit Obligation In Excess Of Plan Assets) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Retirement, Postretirement And Other Benefit Plans [Abstract]	'	'
Projected benefit obligation	$421.40	$458.80
Accumulated benefit obligation	418.8	455.6
Fair value of plan assets	$325.90	$319

Retirement_Postretirement_And_4

Retirement, Postretirement And Other Benefit Plans (Schedule Of Net Periodic Benefit Cost And Other Amount Recognized in OCI) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Retirement Benefits [Member]	'		'		'
Defined Benefit Plan Disclosure [Line Items]	'		'		'
Service cost	$0.50	[1]	$14.50	[1]	$13
Interest cost	17.8		19.9		22.5
Expected return on plan assets	-18.9		-18.4		-20.3
Amortization of net loss/(gain)	1		2.1		'
Settlements and curtailment (gain)/loss	0.2		-0.6		0.9
Termination benefits	'		0.3		'
Net periodic benefit cost	0.6		17.8		16.1
Net (gain)/loss	-17.1		-2.6		58
Amortization, settlement or curtailment recognition of net gain/(loss)	-1.1		-2.2		-0.3
Total recognized in OCI	-18.2		-4.8		57.7
Total recognized in net periodic benefit cost and OCI	-17.6		13		73.8
Post-Retirement Benefits [Member]	'		'		'
Defined Benefit Plan Disclosure [Line Items]	'		'		'
Service cost	0.1	[1]	0.8	[1]	0.9
Interest cost	1.6		1.9		2.4
Amortization of prior service cost	-0.6		-0.3		'
Amortization of net loss/(gain)	-0.2		-0.4		-0.2
Settlements and curtailment (gain)/loss	-0.3		'		'
Net periodic benefit cost	0.6		2		3.1
Net (gain)/loss	-2.5		0.6		1.6
Prior service cost (credit)	'		-7.7		'
Amortization, settlement or curtailment recognition of net gain/(loss)	0.1		0.4		0.2
Amortization, settlement or curtailment recognition or prior service (cost)/credit	1.4		0.2		'
Total recognized in OCI	-1		-6.5		1.8
Total recognized in net periodic benefit cost and OCI	($0.40)		($4.50)		$4.90
[1]	The retirement benefit plan was frozen and the post-retirement benefit plan discontinued benefits effective December 31, 2012, as such, there was no service cost incurred on those plans in the year ended December 31, 2013.

Retirement_Postretirement_And_5

Retirement, Postretirement And Other Benefit Plans (Weighted Average Assumptions Used In Measurement Of Benefit Obligations) (Details)	Dec. 31, 2012	Oct. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012
				Retirement Benefits [Member]	Retirement Benefits [Member]	Post-Retirement Benefits [Member]	Post-Retirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'	'	'
Discount rate	3.75%	3.75%	4.50%	4.59%	3.80%	4.50%	3.74%
Rate of compensation increases	'	'	'	3.03%	3.03%	-1.00%	3.00%
Health care cost trend rate, Pre-65	'	'	'	'	'	7.40%	7.60%
Health care cost trend rate, Post-65	'	'	'	'	'	7.60%	7.80%
Ultimate health care cost trend rate	'	'	'	'	'	4.50%	4.50%
Year ultimate reached	'	'	'	'	'	'2029	'2029

Retirement_Postretirement_And_6

Retirement, Postretirement And Other Benefit Plans (Weighted Average Assumptions Used To Determine Net Periodic Benefit Costs) (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Retirement Benefits [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Discount rate	3.81%	4.30%
Expected long-term return on plan assets	5.57%	5.56%
Rate of compensation increases	3.03%	3.00%
Post-Retirement Benefits [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Discount rate	3.86%	4.31%
Expected long-term return on plan assets	-1.00%	-1.00%
Rate of compensation increases	3.00%	3.00%

Retirement_Postretirement_And_7

Retirement, Postretirement And Other Benefit Plans (Schedule Of Asset Fair Value Measurements) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Defined Benefit Plan Disclosure [Line Items]	'	'
Cash	$0.20	$0.30
Total assets at fair value	356.9	346.3
Mutual Funds [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	70.4	62.7
Common Collective Trusts [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	179.3	183
Common Stock [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	18.1	23.3
Exchange Traded Funds [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	21.2	19.6
Short Term Investment Fund [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	4.1	5.5
Partnership - Emerging Markets Debt [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	9.7	10.5
Hedge Funds [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	22.9	13.9
Unitized Insurance Fund [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	'	27.2
Insurance Contracts [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	31	0.3
Level 1 [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Cash	0.2	0.3
Total assets at fair value	109.9	105.9
Level 1 [Member] | Mutual Funds [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	70.4	62.7
Level 1 [Member] | Common Stock [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	18.1	23.3
Level 1 [Member] | Exchange Traded Funds [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	21.2	19.6
Level 2 [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	183.4	215.7
Level 2 [Member] | Common Collective Trusts [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	179.3	183
Level 2 [Member] | Short Term Investment Fund [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	4.1	5.5
Level 2 [Member] | Unitized Insurance Fund [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	'	27.2
Level 3 [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	63.6	24.7
Level 3 [Member] | Partnership - Emerging Markets Debt [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	9.7	10.5
Level 3 [Member] | Hedge Funds [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	22.9	13.9
Level 3 [Member] | Insurance Contracts [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Total assets at fair value	$31	$0.30

Retirement_Postretirement_And_8

Retirement, Postretirement And Other Benefit Plans (Changes In Fair Value Of Plans Level 3 Assets) (Details) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

In Millions, unless otherwise specified

Partnership - Emerging Markets Debt [Member]

Partnership - Emerging Markets Debt [Member]

Hedge Funds [Member]

Hedge Funds [Member]

Insurance Contracts [Member]

Insurance Contracts [Member]

Level 3 [Member]

Level 3 [Member]

Level 3 [Member]

Level 3 [Member]

Partnership - Emerging Markets Debt [Member]

Hedge Funds [Member]

Insurance Contracts [Member]

Defined Benefit Plan Disclosure [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Fair value of plan assets at beginning of period

$356.90

$346.30

$9.70

$10.50

$22.90

$13.90

$31

$0.30

$24.70

$10.50

$13.90

$0.30

Realized and Unrealized Gains (Losses)

'

'

'

'

'

'

'

'

1.1

-0.8

1.9

'

Purcahses, sales, and settlements, net

'

'

'

'

'

'

'

'

37.8

'

7.1

30.7

Fair value of plan assets at end of period

356.9

346.3

9.7

10.5

22.9

13.9

31

0.3

63.6

9.7

22.9

31

Change in Unrealized Gains (Losses) for Investments still held at December 31, 2012

'

'

'

'

'

'

'

'

$1

($0.80)

$1.80

'

Retirement_Postretirement_And_9

Retirement, Postretirement And Other Benefit Plans (Summary Of Projected Benefits To Be Paid From Plan Assets Or From General Assets Using Current Actuarial Assumptions) (Details) (USD $)	Dec. 31, 2013
In Millions, unless otherwise specified
Retirement Benefits [Member]	'
Defined Benefit Plan Disclosure [Line Items]	'
2014	$26.30
2015	26.4
2016	26.3
2017	25.9
2018	26.5
2019-2023	136.1
Post-Retirement Benefits [Member]	'
Defined Benefit Plan Disclosure [Line Items]	'
2014	3.5
2015	3.4
2016	3.3
2017	3.3
2018	3.2
2019-2023	14.1
Medicare Subsidy [Member]	'
Defined Benefit Plan Disclosure [Line Items]	'
2014	0.4
2015	0.4
2016	0.4
2017	0.4
2018	0.5
2019-2023	$1.20

Recovered_Sheet1

Retirement, Postretirement And Other Benefit Plans (Summary Of Restricted Stock And RSU Activity) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Stock Settled Awards [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Unvested at beginning of period, Number of Shares	1,883,292	979,393
Vested/unsettled Stock Salary at beginning of period, Number of Shares	114,119	72,238
PSUs - granted to employees, Number of Shares	111,046	106,511
RSUs - granted to employees, Number of Shares	1,015,861	1,130,494
RSUs - granted to directors, Number of Shares	23,551	30,409
Forfeited/cancelled, Number of Shares	-40,697	-56,735
Vested/settled award, Number of Shares	-872,643	-264,899
Vested/unsettled Stock Salary Awards, Number of Shares	-15,066	-114,119
Unvested at end of period, Number of Shares	2,219,463	1,883,292
Unvested at beginning of period, Weighted Average Grant Date Value	$40.15	$42.40
Vested/unsettled Stock Salary at beginning of period, Weighted Average Grant Date Value	$38.20	$39.27
PSUs - granted to employees, Weighted Average Grant Date Value	$42.55	$41.31
RSUs - granted to employees, Weighted Average Grant Date Value	$42.76	$38.90
RSUs - granted to directors, Weighted Average Grant Date Value	$44.27	$35.84
Forfeited/cancelled, Weighted Average Grant Date Value	$41.62	$40.28
Vested/settled award, Weighted Average Grant Date Value	$39.81	$43.68
Vested/unsettled Stock Salary Awards, Weighted Average Grant Date Value	$41.46	$38.20
Unvested at end of period, Weighted Average Grant Date Value	$41.51	$40.15
Cash Settled Awards [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Unvested at beginning of period, Number of Shares	9,677	13,964
Vested/unsettled Stock Salary at beginning of period, Number of Shares	3,247	'
RSUs - granted to employees, Number of Shares	'	8,117
RSUs - granted to directors, Number of Shares	2,549	1,815
Vested/settled award, Number of Shares	-7,800	-10,972
Vested/unsettled Stock Salary Awards, Number of Shares	-2,165	-3,247
Unvested at end of period, Number of Shares	5,508	9,677
Unvested at beginning of period, Weighted Average Grant Date Value	$39.56	$40.12
Vested/unsettled Stock Salary at beginning of period, Weighted Average Grant Date Value	$39.05	'
RSUs - granted to employees, Weighted Average Grant Date Value	'	$39.05
RSUs - granted to directors, Weighted Average Grant Date Value	$44.14	$35.80
Vested/settled award, Weighted Average Grant Date Value	$39.31	$39.42
Vested/unsettled Stock Salary Awards, Weighted Average Grant Date Value	$39.05	$39.05
Unvested at end of period, Weighted Average Grant Date Value	$41.93	$39.56

Commitments_Narrative_Details

Commitments (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
	item
Commitments [Line Items]	'		'
Financing commitments for which criteria for funding have not been completed	$548,000,000		$325,000,000
Notice of cancellation period, maximum	'90 days		'
Financing commitments cancellable after a notice period	157,000,000		'
Additional funding commitments	900,000,000		600,000,000
Deferred purchase credit protection agreements - Due to Expire Within One Year	1,771,600,000		'
DPA credit line agreements	82,000,000		'
Other liabilities	2,577,400,000	[1]	2,669,900,000	[1]
Aircraft remain to be purchased, contractual commitments	147		'
Additional funding commitments	1,300,000,000		'
Deferred Purchase Agreements [Member]	'		'
Commitments [Line Items]	'		'
Other liabilities	6,000,000		5,600,000
Contractual Commitments [Member]	'		'
Commitments [Line Items]	'		'
Railcars	7,500		'
Deferred Purchase Agreement Credit Protection [Member]	'		'
Commitments [Line Items]	'		'
Deferred purchase credit protection agreements - Due to Expire Within One Year	1,690,000,000		'
CIT Group Inc. [Member]	'		'
Commitments [Line Items]	'		'
Other liabilities	$678,300,000		$620,200,000
[1]	Other liabilities consist of other taxes, property tax reserves and other miscellaneous liabilities.

Commitments_Summary_Of_CreditR

Commitments (Summary Of Credit-Related Commitments And Purchase And Funding Commitments) (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Commitments [Abstract]	'	'
Financing and leasing assets - Due to Expire Within One Year	$799.70	'
Financing and leasing assets - Due to Expire After One Year	3,526.10	'
Financing and leasing assets - Total Outstanding	4,325.80	3,301.20
Standby letters of credit - Due to Expire Within One Year	36.8	'
Standby letters of credit - Due to Expire After One Year	265.5	'
Standby letters of credit - Total Outstanding	302.3	238.5
Other letters of credit - Due to Expire Within One Year	35.9	'
Other letters of credit - Total Outstanding	35.9	53.6
Deferred purchase credit protection agreements - Due to Expire Within One Year	1,771.60	'
Deferred purchase credit protection agreements - Total Outstanding	1,771.60	1,841.50
Guarantees, acceptances and other recourse obligations - Due to Expire Within One Year	3.9	'
Guarantees, acceptances and other recourse obligations - Total Outstanding	3.9	17.4
Aerospace manufacturer purchase commitments - Due To Expire Within One Year	729.3	'
Aerospace manufacturer purchase commitments - Due To Expire After One Year	8,015.20	'
Aerospace manufacturer purchase commitments - Total Outstanding	8,744.50	9,168.30
Rail and other manufacturer purchase commitments - Due to Expire Within One Year	648.9	'
Rail and other manufacturer purchase commitments - Due to Expire After One Year	405.1	'
Rail and other manufacturer purchase commitments - Total Outstanding	1,054	927.4
Commercial loan portfolio purchase commitment - Total Outstanding	'	$1,258.30

Contingencies_Details

Contingencies (Details)

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Jul. 06, 2013

Jul. 06, 2013

USD ($)

BRL

Itu And Cascavel [Member]

Itu And Cascavel [Member]

Sao Paulo [Member]

Sao Paulo [Member]

Sao Paulo [Member]

Sao Paulo [Member]

Tyco Tax Attribute [Member]

Lac-Mgantic, Quebec Derailment [Member]

Lac-Mgantic, Quebec Derailment [Member]

CIT Group/Equipment Financing, Inc. [Member]

USD ($)

BRL

Tax Years 2006-2011 [Member]

Tax Years 2006-2011 [Member]

Tax Years 2004-2007 [Member]

Tax Years 2004-2007 [Member]

USD ($)

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

'

'

'

'

'

'

'

'

'

'

'

Payment pursuant to settlement

'

'

'

'

'

'

'

'

60,000,000

'

'

'

Federal tax attribute

'

'

'

'

'

'

'

'

794,000,000

'

'

'

State tax attribute

'

'

'

'

'

'

'

'

180,000,000

'

'

'

Number of locomotives

'

'

'

'

'

'

'

'

'

'

5

'

Number of rail tank cars

'

'

'

'

'

'

'

'

'

'

72

9

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

'

'

'

'

'

'

'

'

'

'

'

2

Number of deceased

'

'

'

'

'

'

'

'

'

'

40

'

Number of buildings destroyed

'

'

'

'

'

'

'

'

'

'

30

'

Number of lawsuits filed

'

'

'

'

'

'

'

'

'

20

'

'

Number of lawsuits in which parent company is named defendant

'

'

'

'

'

'

'

'

'

7

'

'

Number of other defendants

'

'

'

'

'

'

'

'

'

13

'

'

Number of cases not consolidated

'

'

'

'

'

'

'

'

'

2

'

'

Tax assessments and penalties claimed

'

'

350,000

850,000

34,000,000

79,000,000

1,600,000

4,000,000

'

'

'

'

Alleged actual tax rate paid

'

'

'

'

'

'

8.80%

8.80%

'

'

'

'

Required tax rate

'

'

'

'

'

'

18.00%

18.00%

'

'

'

'

Potential aggregate exponsure in taxes, fines and interest

$36,000,000

84,000,000

'

'

'

'

'

'

'

'

'

'

Pledged_Assets_And_Lease_Commi2

Pledged Assets And Lease Commitments (Future Minimum Rental Payments) (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Pledged assets	$15,300,000,000
Pledged loans	9,400,000,000
Pledged operating lease assets	4,800,000,000
Pledged cash	1,000,000,000
Pledged investment securities	100,000,000
2014	31,600,000
2015	29,500,000
2016	26,800,000
2017	23,100,000
2018	22,400,000
Thereafter	53,200,000
Total	186,600,000
Minimum sublease rentals	63,600,000
Minimum payment recorded again the facility	85,300,000
Due In Next Fiscal Year [Member]	'
Minimum sublease rentals	$13,100,000

Pledged_Assets_And_Lease_Commi3

Pledged Assets And Lease Commitments (Schedule Of Rental Expense For Premises, Net Of Sublease Income, And Equipment) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Property, Plant and Equipment [Line Items]	'	'	'
Rental expense	$22	$22.70	$25.40
Premises [Member]	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'
Rental expense	19	19.8	22.7
Equipment [Member]	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'
Rental expense	$3	$2.90	$2.70

Certain_Relationships_And_Rela1

Certain Relationships And Related Transactions (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Millions, unless otherwise specified
Related Party Transaction [Line Items]	'	'
Other assets	$1,636.40	$1,488.90
Investments In Non-Consolidated Entities [Member]	'	'
Related Party Transaction [Line Items]	'	'
Other assets	$65	$69

Business_Segment_Information_S

Business Segment Information (Segment Profit And Assets) (Details) (USD $)

3 Months Ended

12 Months Ended

In Millions, unless otherwise specified

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Segment Reporting Information [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Interest income

$307.20

$306.40

$319.10

$322.50

$321.80

$331.30

$363.20

$377.70

$1,255.20

$1,394

$1,971.90

Interest expense

-267.5

-256.7

-262.6

-274.1

-269.8

-772.9

-607.8

-1,015.20

-1,060.90

-2,665.70

-2,504.20

Provision for credit losses

-14.4

-16.4

-14.6

-19.5

'

'

-8.9

-42.5

-64.9

-51.4

-269.7

Rental income on operating leases

463.8

472.9

484.3

476.4

480.3

475.1

475.5

469.9

1,897.40

1,900.80

1,785.60

Other income

127.6

104.5

79.2

70

152.4

85.6

123.1

253.6

381.3

614.7

954.2

Depreciation on operating lease equipment

-139.5

-134.2

-133.6

-133.3

-127.5

-126.5

-125.3

-133.9

-540.6

-513.2

-538.6

Maintenance and other operating lease expenses

-39

-41.4

-40.3

-42.4

-31.9

-38.1

-35.6

-33.8

-163.1

-139.4

-157.8

Operating expenses

-284.4

-228.8

-226.1

-230.9

-226.8

-229.1

-220.8

-217.3

-970.2

-894

-860.7

Loss on debt extinguishments

'

'

'

'

'

-16.8

-21.5

-22.9

'

-61.2

-134.8

Income (loss) before (provision) benefit for income taxes

'

'

'

'

'

'

'

'

734.2

-415.4

245.9

Loans

18,629.20

'

'

'

17,153.10

'

'

'

18,629.20

17,153.10

-15,225.80

Credit balances of factoring clients

-1,336.10

'

'

'

-1,256.50

'

'

'

-1,336.10

-1,256.50

-1,225.50

Assets held for sale

1,003.40

[1]

'

'

'

644.8

[1]

'

'

'

1,003.40

[1]

644.8

[1]

680.7

Operating lease equipment, net

13,035.40

[1]

'

'

'

12,411.70

[1]

'

'

'

13,035.40

[1]

12,411.70

[1]

12,006.40

Transportation And International Finance [Member]

'

'

'

'

'

'

'

'

'

'

'

Segment Reporting Information [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Interest income

'

'

'

'

'

'

'

'

254.9

218.2

236.1

Interest expense

'

'

'

'

'

'

'

'

-585.5

-1,331.50

-965.8

Provision for credit losses

'

'

'

'

'

'

'

'

-18.7

-14.5

-20.5

Rental income on operating leases

'

'

'

'

'

'

'

'

1,682.40

1,666.30

1,514.30

Other income

'

'

'

'

'

'

'

'

82.2

65.8

118.4

Depreciation on operating lease equipment

'

'

'

'

'

'

'

'

-433.3

-410.9

-363.1

Maintenance and other operating lease expenses

'

'

'

'

'

'

'

'

-163

-139.3

-157.8

Operating expenses

'

'

'

'

'

'

'

'

-255.3

-220.3

-198

Income (loss) before (provision) benefit for income taxes

'

'

'

'

'

'

'

'

563.7

-166.2

163.6

Loans

3,494.40

'

'

'

2,556.50

'

'

'

3,494.40

2,556.50

-1,848.10

Assets held for sale

158.5

'

'

'

173.6

'

'

'

158.5

173.6

84

Operating lease equipment, net

12,778.50

'

'

'

12,178

'

'

'

12,778.50

12,178

11,770.70

North American Commercial Finance [Member]

'

'

'

'

'

'

'

'

'

'

'

Segment Reporting Information [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Interest income

'

'

'

'

'

'

'

'

828.6

976.5

1,460.90

Interest expense

'

'

'

'

'

'

'

'

-284.3

-750.9

-954.3

Provision for credit losses

'

'

'

'

'

'

'

'

-35.5

-44

-228.4

Rental income on operating leases

'

'

'

'

'

'

'

'

104

99.4

101.2

Other income

'

'

'

'

'

'

'

'

306.5

555.2

725.2

Depreciation on operating lease equipment

'

'

'

'

'

'

'

'

-75.1

-71.9

-98.3

Operating expenses

'

'

'

'

'

'

'

'

-479.5

-497

-448.5

Income (loss) before (provision) benefit for income taxes

'

'

'

'

'

'

'

'

364.7

267.3

557.8

Loans

14,693.10

'

'

'

13,084.40

'

'

'

14,693.10

13,084.40

-11,894.70

Credit balances of factoring clients

-1,336.10

'

'

'

-1,256.50

'

'

'

-1,336.10

-1,256.50

-1,225.50

Assets held for sale

38.2

'

'

'

42.1

'

'

'

38.2

42.1

186.6

Operating lease equipment, net

240.5

'

'

'

150.9

'

'

'

240.5

150.9

169.4

Non-Strategic Portfolios [Member]

'

'

'

'

'

'

'

'

'

'

'

Segment Reporting Information [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Interest income

'

'

'

'

'

'

'

'

157.2

180.3

254.1

Interest expense

'

'

'

'

'

'

'

'

-130.2

-262.4

-258.4

Provision for credit losses

'

'

'

'

'

'

'

'

-10.8

7.3

-20.8

Rental income on operating leases

'

'

'

'

'

'

'

'

111

135.1

170.1

Other income

'

'

'

'

'

'

'

'

-14.6

-9.1

108

Depreciation on operating lease equipment

'

'

'

'

'

'

'

'

-32.2

-30.4

-77.2

Maintenance and other operating lease expenses

'

'

'

'

'

'

'

'

-0.1

-0.1

'

Operating expenses

'

'

'

'

'

'

'

'

-143.1

-145.7

-170.1

Income (loss) before (provision) benefit for income taxes

'

'

'

'

'

'

'

'

-62.8

-125

5.7

Loans

441.7

'

'

'

1,512.20

'

'

'

441.7

1,512.20

-1,483

Assets held for sale

806.7

'

'

'

429.1

'

'

'

806.7

429.1

410.1

Operating lease equipment, net

16.4

'

'

'

82.8

'

'

'

16.4

82.8

66.3

Corporate And Other [Member]

'

'

'

'

'

'

'

'

'

'

'

Segment Reporting Information [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Interest income

'

'

'

'

'

'

'

'

14.5

19

20.8

Interest expense

'

'

'

'

'

'

'

'

-60.9

-320.9

-325.7

Provision for credit losses

'

'

'

'

'

'

'

'

0.1

-0.2

'

Other income

'

'

'

'

'

'

'

'

7.2

2.8

2.6

Operating expenses

'

'

'

'

'

'

'

'

-92.3

-31

-44.1

Loss on debt extinguishments

'

'

'

'

'

'

'

'

'

-61.2

-134.8

Income (loss) before (provision) benefit for income taxes

'

'

'

'

'

'

'

'

($131.40)

($391.50)

($481.20)

[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 Company’s interest 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 Company’s interest in the VIEs, are not available to the creditors of CIT or any affiliates of CIT.

Business_Segment_Information_S1

Business Segment Information (Schedule Of Segment Information By Major Geographic Region) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Segment Reporting Information [Line Items]	'		'		'
Total Assets	$47,139	[1]	$44,012	[1]	$45,263.40	[1]
Total Revenue	3,533.90		3,909.50		4,711.70
Income (loss) before income taxes	734.2		-415.4		245.9
Income (loss) before noncontrolling interests	650.3		-532.1		88.9
Assets of discontinued operation	3,821.40		4,202.60		7,021.90
U.S. [Member]	'		'		'
Segment Reporting Information [Line Items]	'		'		'
Total Assets	34,121	[1]	30,829.10	[1]	32,338.30	[1]
Total Revenue	2,201.70		2,464.20		2,910.40
Income (loss) before income taxes	374.2		-1,004.30		-593
Income (loss) before noncontrolling interests	354.6		-1,046.10		-618.4
Europe [Member]	'		'		'
Segment Reporting Information [Line Items]	'		'		'
Total Assets	7,679.60	[1]	7,274.90	[1]	6,938.20	[1]
Total Revenue	807.4		822.7		897.6
Income (loss) before income taxes	167.3		224.7		238.8
Income (loss) before noncontrolling interests	121.5		195.4		196.3
Other Foreign [Member]	'		'		'
Segment Reporting Information [Line Items]	'		'		'
Total Assets	5,338.40	[1],[2],[3]	5,908	[1],[2]	5,986.90	[1],[2]
Total Revenue	524.8	[2],[3]	622.6	[2]	903.7	[2]
Income (loss) before income taxes	192.7	[2],[3]	364.2	[2]	600.1	[2]
Income (loss) before noncontrolling interests	174.2	[2],[3]	318.6	[2]	511	[2]
Canada [Member]	'		'		'
Segment Reporting Information [Line Items]	'		'		'
Income (loss) before income taxes	79.5		164.3		257.7
Income (loss) before noncontrolling interests	69.2		112		207
Caribbean [Member]	'		'		'
Segment Reporting Information [Line Items]	'		'		'
Income (loss) before income taxes	49.6		203		230.4
Income (loss) before noncontrolling interests	$50.40		$199.70		$228.20
[1]	Includes Assets of discontinued operation of $3,821.4 million at December 31, 2013, $4,202.6 million at December 31, 2012, and $7,021.9 million at December 31, 2011. The Assets of discontinued operation are in the U.S.
[2]	Includes Canada region results which had income before income taxes of $79.5 million in 2013, $164.3 million in 2012 and $257.7 million in 2011 and income before noncontrolling interests of $69.2 million in 2013, $112.0 million in 2012 and $207.0 million in 2011.
[3]	Includes Caribbean region results which had income before income taxes of $49.6 million in 2013, $203.5 million in 2012 and $230.4 million in 2011 and income before noncontrolling interests of $50.4 million in 2013, $199.7 million in 2012 and $228.2 million in 2011.

Goodwill_And_Intangible_Assets2

Goodwill And Intangible Assets (Narrative) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013
Goodwill And Intangible Assets [Abstract]	'
Maximum life of the lease for which net intangible assets are amortized	'5 years
Accumulated amortization of intangible assets	$198.30
Projected amortization for the year ended December 31, 2014	7.5
Projected amortization for the year ended December 31, 2015	5.3
Projected amortization for the year ended December 31, 2016	2.8
Projected amortization for the year ended December 31, 2017	1
Projected amortization for the year ended December 31, 2018	$1.20

Goodwill_And_Intangible_Assets3

Goodwill And Intangible Assets (Schedule Of Goodwill) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2011
Goodwill [Line Items]	'	'
Goodwill, Beginning Balance	$345.90	$345.90
Activity	-11.3	'
Goodwill, Ending Balance	334.6	345.9
Transportation And International Finance [Member]	'	'
Goodwill [Line Items]	'	'
Goodwill, Beginning Balance	183.1	183.1
Activity	'	'
Goodwill, Ending Balance	183.1	183.1
North American Commercial Finance [Member]	'	'
Goodwill [Line Items]	'	'
Goodwill, Beginning Balance	151.5	151.5
Activity	'	'
Goodwill, Ending Balance	151.5	151.5
Non-Strategic Portfolios [Member]	'	'
Goodwill [Line Items]	'	'
Goodwill, Beginning Balance	11.3	11.3
Activity	-11.3	'
Goodwill, Ending Balance	'	$11.30

Goodwill_And_Intangible_Assets4

Goodwill And Intangible Assets (Summary Of Intangible Assets) (Details) (Transportation Finance [Member], USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Transportation Finance [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible Assets, Beginning Balance	$31.90	$63.60
Amortization	-11.6	-24.8
Activity	'	-6.9
Intangible Assets, Ending Balance	$20.30	$31.90

Severance_And_Facility_Exiting2

Severance And Facility Exiting Reserves (Summary Of Liabilities (Pre-Tax) Related To Closing Facilities And Employee Severamce) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	item	item	employee
	employee	employee	item
Severance And Facility Exiting Reserves [Abstract]	'	'	'
Beginning Balance, Severance Number of Employees	63	79	'
Additions and adjustments, Severance Number of Employees	274	193	'
Utilization, Severance Number of Employees	-212	-209	'
Ending Balance, Severance, Number of Employees	125	63	79
Beginning Balance, Severance Liability	$7.30	$3.50	'
Additions and adjustments, Severance Liability	33.4	20.5	'
Utilization, Severance Liability	-23	-16.7	'
Ending Balance, Severance Liability	17.7	7.3	3.5
Beginning Balance, Facilities Number of Facilities	16	19	'
Additions and adjustments, Facilities Number of Facilities	3	5	'
Utilization, Facilities Number of Facilities	-3	-8	'
Ending Balance, Facilities Number Of Facilities	16	16	19
Beginning Balance, Facilities Liability	33.3	38.8	44.8
Addition and adjustments, Facilities Liability	3.7	3.4	'
Utilization, Facilities Liability	-9.2	-9.4	'
Ending Balance, Facilities Liability	33.3	38.8	44.8
Beginning Balance, Total Liability	46.1	48.3	'
Additions and adjustments, Total Liability	37.1	23.9	'
Utilization, Total Liability	-32.2	-26.1	'
Ending Balance, Total Liability	51	46.1	48.3
Provisions for severance	$36.90	$22.70	$13.10

Parent_Company_Financial_State2

Parent Company Financial Statements (Condensed Parent Only Balance Sheet) (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
In Millions, unless otherwise specified
Condensed Balance Sheet Statements, Captions [Line Items]	'		'		'
Cash and deposits	$680.10	[1]	$347.90	[1]	'
Investment securities	2,630.70		1,065.50		'
Goodwill	334.6		345.9		345.9
Other assets, including $12.9 and $1.9 at December 31, 2013 and 2012, respectively, at fair value	1,636.40		1,488.90		'
Total Assets	47,139	[2]	44,012	[2]	45,263.40	[2]
Long-term borrowings	18,484.50		18,330.90		'
Other liabilities	2,577.40	[3]	2,669.90	[3]	'
Total Liabilities	38,289		35,672.50		'
Total Stockholders' Equity	8,838.80		8,334.80		'
Total Liabilities and Equity	47,139		44,012		'
CIT Group Inc. [Member]	'		'		'
Condensed Balance Sheet Statements, Captions [Line Items]	'		'		'
Cash and deposits	1,533.50		1,307.40		'
Cash held at bank subsidiary	62		15.2		'
Investment securities	2,096.60		750.3		'
Receivables from nonbank subsidiaries	12,871.10		15,197.90		'
Receivables from bank subsidiaries	5.6		15.6		'
Investment in nonbank subsidiaries	6,533.40		6,547.20		'
Investment in bank subsidiaries	2,599.60		2,437.20		'
Goodwill	334.6		345.9		'
Other assets, including $12.9 and $1.9 at December 31, 2013 and 2012, respectively, at fair value	853.2		547.7		'
Total Assets	26,889.60		27,164.40		'
Long-term borrowings	12,531.60		11,822.60		'
Liabilties to nonbank subsidiaries	4,840.90		6,386.80		'
Other liabilities	678.3		620.2		'
Total Liabilities	18,050.80		18,829.60		'
Total Stockholders' Equity	8,838.80		8,334.80		'
Total Liabilities and Equity	$26,889.60		$27,164.40		'
[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 Company’s interest 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 Company’s interest in the VIEs, are not available to the creditors of CIT or any affiliates of CIT.
[2]	Includes Assets of discontinued operation of $3,821.4 million at December 31, 2013, $4,202.6 million at December 31, 2012, and $7,021.9 million at December 31, 2011. The Assets of discontinued operation are in the U.S.
[3]	Other liabilities consist of other taxes, property tax reserves and other miscellaneous liabilities.

Parent_Company_Financial_State3

Parent Company Financial Statements (Condensed Parent Company Only Statements Of Operations And Comprehensive Income) (Details) (USD $)	3 Months Ended								12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Condensed Income Statements, Captions [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Interest income from nonbank subsidiaries	$307.20	$306.40	$319.10	$322.50	$321.80	$331.30	$363.20	$377.70	$1,255.20	$1,394	$1,971.90
Interest and dividends on interest bearing deposits and investments	'	'	'	'	'	'	'	'	28.9	32.2	34.7
Other income	127.6	104.5	79.2	70	152.4	85.6	123.1	253.6	381.3	614.7	954.2
Interest expense	-267.5	-256.7	-262.6	-274.1	-269.8	-772.9	-607.8	-1,015.20	-1,060.90	-2,665.70	-2,504.20
Other expenses	-284.4	-228.8	-226.1	-230.9	-226.8	-229.1	-220.8	-217.3	-970.2	-894	-860.7
Income (loss) before provision/(benefit) for income taxes	'	'	'	'	'	'	'	'	734.2	-415.4	245.9
Benefit (provision) for income taxes	28.6	13.2	29.3	12.8	37	2.7	38.5	38.5	92.5	133.8	158.6
Income (loss) before noncontrolling interests	'	'	'	'	'	'	'	'	650.3	-532.1	88.9
Basic Earnings Per common share	'	'	'	'	'	'	'	'	675.7	-592.3	14.8
Other comprehensive income, net of tax	'	'	'	'	'	'	'	'	4.1	4.9	-81.5
Total comprehensive (income)/loss	'	'	'	'	'	'	'	'	679.8	-587.4	-66.7
CIT Group Inc. [Member]	'	'	'	'	'	'	'	'	'	'	'
Condensed Income Statements, Captions [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Interest income from nonbank subsidiaries	'	'	'	'	'	'	'	'	636.6	737.6	730
Interest and dividends on interest bearing deposits and investments	'	'	'	'	'	'	'	'	2	2.6	3.2
Dividends from nonbank subsidiaries	'	'	'	'	'	'	'	'	551.1	834	'
Other income from subsidiaries	'	'	'	'	'	'	'	'	50.8	181	413.7
Other income	'	'	'	'	'	'	'	'	-4.6	-37.7	47.8
Total income	'	'	'	'	'	'	'	'	1,235.90	1,717.50	1,194.70
Interest expense	'	'	'	'	'	'	'	'	-686.9	-2,345.90	-2,141.50
Interest expense on liabilities to subsidiaries	'	'	'	'	'	'	'	'	-199.6	-293.6	-568.1
Other expenses	'	'	'	'	'	'	'	'	-220.4	-242.3	-420.4
Total expenses	'	'	'	'	'	'	'	'	-1,106.90	-2,881.80	-3,130
Income (loss) before provision/(benefit) for income taxes	'	'	'	'	'	'	'	'	129	-1,164.30	-1,935.30
Benefit (provision) for income taxes	'	'	'	'	'	'	'	'	367.9	482.2	656.6
Income (loss) before noncontrolling interests	'	'	'	'	'	'	'	'	496.9	-682.1	-1,278.70
Equity in undistributed net income of bank subsidiaries	'	'	'	'	'	'	'	'	95.9	41.3	67.2
Equity in undistributed net income of nonbank subsidaries	'	'	'	'	'	'	'	'	82.9	48.5	1,226.30
Basic Earnings Per common share	'	'	'	'	'	'	'	'	675.7	-592.3	14.8
Other comprehensive income, net of tax	'	'	'	'	'	'	'	'	4.1	4.9	-81.5
Total comprehensive (income)/loss	'	'	'	'	'	'	'	'	$679.80	($587.40)	($66.70)

Parent_Company_Financial_State4

Parent Company Financial Statements (Condensed Parent Only Statements Of Cash Flows) (Details) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Condensed Cash Flow Statements, Captions [Line Items]	'	'	'
Basic Earnings Per common share	$675.70	($592.30)	$14.80
Net cash flows provided by (used for) operations	1,453.60	908.5	856
Net cash flows provided by (used in) investing activities	-4,351.20	490.9	4,268.10
Proceeds from the issuance of term debt	2,107.60	13,523.90	6,680.50
Repayments of term debt	-2,445.80	-19,542.20	-15,626.30
Repurchase of common stock	-193.4	'	'
Dividends paid	-20.1	'	'
Net cash flows provided by (used in) financing activities	2,342.50	-2,328.90	-7,208.80
Net (decrease) increase in unrestricted cash and cash equivalents	-555.1	-929.5	-2,084.70
Unrestricted cash and cash equivalents, beginning of period	5,636.20	6,565.70	8,650.40
Unrestricted cash and cash equivalents, end of period	5,081.10	5,636.20	6,565.70
CIT Group Inc. [Member]	'	'	'
Condensed Cash Flow Statements, Captions [Line Items]	'	'	'
Basic Earnings Per common share	675.7	-592.3	14.8
Equity in undistributed (earnings) losses of subsidiaries	-178.8	-89.8	-1,293.50
Other operating activities, net	-88.2	1,524.30	2,704.10
Net cash flows provided by (used for) operations	408.7	842.2	1,425.40
Decrease (increase) in investments and advances to subsidiaries	21	4,053.10	17,291.20
Other investing activities, net	-1,346.20	89.1	-839.4
Net cash flows provided by (used in) investing activities	-1,325.20	4,142.20	16,451.80
Proceeds from the issuance of term debt	735.2	9,750	2,000
Repayments of term debt	-60.5	-15,239.80	-6,020.60
Repurchase of common stock	-193.4	'	'
Dividends paid	-20.1	'	'
Net change in liabilities to subsidiaries	728.2	-1,139.50	-13,614.70
Net cash flows provided by (used in) financing activities	1,189.40	-6,629.30	-17,635.30
Net (decrease) increase in unrestricted cash and cash equivalents	272.9	-1,644.90	241.9
Unrestricted cash and cash equivalents, beginning of period	1,322.60	2,967.50	2,725.60
Unrestricted cash and cash equivalents, end of period	$1,595.50	$1,322.60	$2,967.50

Selected_Quarterly_Financial_D2

Selected Quarterly Financial Data (Schedule Of Selected Quarterly Financial Data) (Details) (USD $)	3 Months Ended								12 Months Ended
In Millions, except Per Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Interest income	$307.20	$306.40	$319.10	$322.50	$321.80	$331.30	$363.20	$377.70	$1,255.20	$1,394	$1,971.90
Interest expense	-267.5	-256.7	-262.6	-274.1	-269.8	-772.9	-607.8	-1,015.20	-1,060.90	-2,665.70	-2,504.20
Provision for credit losses	-14.4	-16.4	-14.6	-19.5	'	'	-8.9	-42.5	-64.9	-51.4	-269.7
Rental income on operating leases	463.8	472.9	484.3	476.4	480.3	475.1	475.5	469.9	1,897.40	1,900.80	1,785.60
Other income	127.6	104.5	79.2	70	152.4	85.6	123.1	253.6	381.3	614.7	954.2
Depreciation on operating lease equipment	-139.5	-134.2	-133.6	-133.3	-127.5	-126.5	-125.3	-133.9	-540.6	-513.2	-538.6
Maintenance and other operating lease expenses	-39	-41.4	-40.3	-42.4	-31.9	-38.1	-35.6	-33.8	-163.1	-139.4	-157.8
Operating expenses	-284.4	-228.8	-226.1	-230.9	-226.8	-229.1	-220.8	-217.3	-970.2	-894	-860.7
Loss on debt extinguishments	'	'	'	'	'	-16.8	-21.5	-22.9	'	-61.2	-134.8
Provision for income taxes	-28.6	-13.2	-29.3	-12.8	-37	-2.7	-38.5	-38.5	-92.5	-133.8	-158.6
Noncontrolling interests, after tax	-2.2	-0.2	-0.5	-3	-0.8	-0.8	-1.2	-0.9	-5.9	-3.7	-5
Income (loss) from discontinued operation	6.9	6.7	8	9.7	-53.9	-4.3	24.9	-23.2	31.3	-56.5	-69.1
Net income (loss)	129.9	199.6	183.6	162.6	206.8	-299.2	-72.9	-427	681.6	-588.6	19.8
Net income (loss) per diluted share	$0.65	$0.99	$0.91	$0.81	$1.03	($1.49)	($0.36)	($2.13)	$3.35	($2.95)	$0.07
As Reported [Member]	'	'	'	'	'	'	'	'	'	'	'
Interest income	338	337.4	351.6	355.8	357	375.5	410.3	426.3	'	'	'
Interest expense	-286.7	-278	-281.4	-291.9	-366.6	-816	-634.2	-1,080.60	'	'	'
Provision for credit losses	-14.4	-16.4	-14.6	-19.5	-0.1	'	-8.9	-42.6	'	'	'
Rental income on operating leases	431.9	441.1	452.4	444.9	452	445.8	446.2	440.6	'	'	'
Other income	127.9	104.8	79.3	70.1	171.7	86.7	139.4	255.3	'	'	'
Depreciation on operating lease equipment	-145.9	-143	-141.3	-143.3	-130.3	-134.5	-130.8	-137.6	'	'	'
Operating expenses	-287.5	-232.2	-229.7	-235.3	-231.9	-235.2	-226.8	-224.3	'	'	'
Loss on debt extinguishments	'	'	'	'	'	-16.8	-21.5	-22.9	'	'	'
Provision for income taxes	-31.2	-13.9	-32.2	-15.2	-44.2	-3.9	-45.4	-40.3	'	'	'
Noncontrolling interests, after tax	-2.2	-0.2	-0.5	-3	-0.8	-0.8	-1.2	-0.9	'	'	'
Net income (loss)	129.9	199.6	183.6	162.6	206.8	-299.2	-72.9	-427	'	'	'
Net income (loss) per diluted share	$0.65	$0.99	$0.91	$0.81	$1.03	($1.49)	($0.36)	($2.13)	'	'	'
Adjustments [Member]	'	'	'	'	'	'	'	'	'	'	'
Interest income	-30.8	-31	-32.5	-33.3	-35.2	-44.2	-47.1	-48.6	'	'	'
Interest expense	19.2	21.3	18.8	17.8	96.8	43.1	26.4	65.4	'	'	'
Provision for credit losses	'	'	'	'	0.1	'	'	0.1	'	'	'
Rental income on operating leases	31.9	31.8	31.9	31.5	28.3	29.3	29.3	29.3	'	'	'
Other income	-0.3	-0.3	-0.1	-0.1	-19.3	-1.1	-16.3	-1.7	'	'	'
Depreciation on operating lease equipment	6.4	8.8	7.7	10	2.8	8	5.5	3.7	'	'	'
Maintenance and other operating lease expenses	-39	-41.4	-40.3	-42.4	-31.9	-38.1	-35.6	-33.8	'	'	'
Operating expenses	3.1	3.4	3.6	4.4	5.1	6.1	6	7	'	'	'
Provision for income taxes	2.6	0.7	2.9	2.4	7.2	1.2	6.9	1.8	'	'	'
Income (loss) from discontinued operation	6.9	6.7	8	9.7	-53.9	-4.3	24.9	-23.2	'	'	'
Net income (loss)	$0	$0	$0	$0	$0	$0	$0	$0	'	'	'

Subsequent_Events_Details

Subsequent Events (Details) (USD $)

12 Months Ended

0 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Jan. 31, 2014

Jan. 27, 2014

Jan. 21, 2014

Feb. 19, 2014

Jan. 27, 2014

Dec. 31, 2013

Jan. 27, 2014

Jan. 27, 2014

Jan. 27, 2014

Jan. 27, 2014

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

3.875% Notes Due 2019 [Member]

Revolving Loan Tranche [Member]

Revolving Loan Tranche [Member]

Revolving Loan Tranche [Member]

Revolving Loan Tranche That Can Also Be Utilized For Issuance Of Letters Of Credit [Member]

Minimum [Member]

Maximum [Member]

item

Subsequent Event [Member]

item

Subsequent Event [Member]

Subsequent Event [Member]

Revolving Loan Tranche [Member]

Revolving Loan Tranche [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Subsequent events, date

'

'

31-Jan-14

27-Jan-14

'

19-Feb-14

'

'

'

'

'

'

Face amount

'

'

'

'

'

$1,000,000,000

'

'

'

'

'

'

Debt instrument stated interest rate

'

'

'

'

'

3.88%

'

'

'

'

'

'

Leasing assets acquired

'

'

650,000,000

'

'

'

'

'

'

'

'

'

Number of railcars

'

'

9,500

'

'

'

'

'

'

'

'

'

Line of credit available

1,900,000,000

1,900,000,000

'

1,500,000,000

'

'

'

2,000,000,000

1,150,000,000

350,000,000

'

'

Line of credit utilized for issuance of letters of credit

'

'

'

'

'

'

'

'

'

100,000,000

'

'

Number of domestic operating subsidiaries guaranteeing Revolving Credit Facility

'

'

'

'

'

'

8

'

'

'

'

'

Minimum guarantor asset coverage ratio under debt covenant

'

'

'

'

'

'

'

'

'

'

1.25

1.5

Dividends declared, per share

$0.10

'

'

'

$0.10

'

'

'

'

'

'

'

Amount of common stock approved to be repurchased

'

'

'

'

300,000,000

'

'

'

'

'

'

'

Additional amount of common stock authorized to be repurchased

'

'

'

'

$7,000,000

'

'

'

'

'

'

'