Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Revenue From External Customers

Revenue from external customers for the Company’s consolidated reportable segments were ($ in millions):

	Year Ended December 31, 2019
	IMTT		Atlantic Aviation		MIC Hawaii		Intercompany Adjustments			Total Reportable Segments
Service revenue
Terminal services	$	90	$	—	$	—	$	—		$	90
Lease	419		—		—		(3		)	416
Fuel	—		695		—		—			695
Hangar	—		95		—		—			95
Other	6		182		—		—			188
Total service revenue	$	515	$	972	$	—	$	(3	)	$	1,484
Product revenue
Lease	$	—	$	—	$	5	$	—		$	5
Gas	—		—		226		—			226
Other	—		—		12		—			12
Total product revenue	$	—	$	—	$	243	$	—		$	243
Total revenue	$	515	$	972	$	243	$	(3	)	$	1,727

	Year Ended December 31, 2018
	IMTT		Atlantic Aviation		MIC Hawaii		Corporate and Other		Intercompany Adjustments			Total Reportable Segments
Service revenue
Terminal services	$	89	$	—	$	—	$	—	$	—		$	89
Lease	402		—		—		—		(4		)	398
Fuel	—		704		—		—		—			704
Hangar	—		88		—		—		—			88
Construction	—		—		43		—		—			43
Other	19		170		4		—		—			193
Total service revenue	$	510	$	962	$	47	$	—	$	(4	)	$	1,515
Product revenue
Lease	$	—	$	—	$	5	$	—	$	—		$	5
Gas	—		—		229		—		—			229
Other	—		—		11		1		—			12
Total product revenue	$	—	$	—	$	245	$	1	$	—		$	246
Total revenue	$	510	$	962	$	292	$	1	$	(4	)	$	1,761

	Year Ended December 31, 2017
	IMTT		Atlantic Aviation		MIC Hawaii		Intercompany Adjustments			Total Reportable Segments
Service revenue
Terminal services	$	85	$	—	$	—	$	—		$	85
Lease	431		—		—		(5		)	426
Fuel	—		615		—		—			615
Hangar	—		78		—		—			78
Construction	—		—		54		—			54
Other	33		154		1		—			188
Total service revenue	$	549	$	847	$	55	$	(5	)	$	1,446
Product revenue
Lease	$	—	$	—	$	3	$	—		$	3
Gas	—		—		209		—			209
Other	—		—		11		—			11
Total product revenue	$	—	$	—	$	223	$	—		$	223
Total revenue	$	549	$	847	$	278	$	(5	)	$	1,669

Schedule of EBITDA for Reportable Segments

EBITDA excluding non-cash items for the Company’s consolidated reportable segments from continuing operations is shown in the tables below ($ in millions). Allocations of corporate expenses, intercompany fees and the tax effect have been excluded as they are eliminated in consolidation.

	Year Ended December 31, 2019
	IMTT		Atlantic Aviation		MIC Hawaii		Corporate and Other			Total Reportable Segments
Net income (loss)	$	71	$	69	$	13	$	(52	)	$	101
Interest expense, net	47		74		10		16			147
Provision (benefit) for income taxes	29		24		9		(23		)	39
Depreciation	117		62		16		—			195
Amortization of intangibles	15		44		—		—			59
Fees to Manager - related party	—		—		—		32			32
Other non-cash expense, net	9		3		12		2			26
EBITDA excluding non-cash items	$	288	$	276	$	60	$	(25	)	$	599

	Year Ended December 31, 2018
	IMTT		Atlantic Aviation		MIC Hawaii			Corporate and Other			Total Reportable Segments
Net income (loss)	$	63	$	96	$	(12	)	$	(82	)	$	65
Interest expense, net	46		25		8			33			112
Provision (benefit) for income taxes	36		35		(6		)	(15		)	50
Goodwill impairment	—		—		3			—			3
Depreciation	117		60		16			—			193
Amortization of intangibles	15		46		7			—			68
Fees to Manager - related party	—		—		—			45			45
Other non-cash expense, net(1)	9		1		22			1			33
EBITDA excluding non-cash items	$	286	$	263	$	38		$	(18	)	$	569

_____________

(1) Other non-cash expense, net, includes the write-down of the Company’s investment in the mechanical contractor business at MIC Hawaii.

	Year Ended December 31, 2017
	IMTT			Atlantic Aviation		MIC Hawaii		Corporate and Other			Total Reportable Segments
Net income (loss)	$	363		$	124	$	26	$	(79	)	$	434
Interest expense, net	38			15		7		27			87
(Benefit) provision for income taxes	(209		)	6		9		(36		)	(230		)
Depreciation	113			51		14		—			178
Amortization of intangibles	13			49		2		—			64
Fees to Manager - related party	—			—		—		71			71
Other non-cash expense, net	8			2		3		1			14
EBITDA excluding non-cash items	$	326		$	247	$	61	$	(16	)	$	618

Reconciliation of total reportable segments’ EBITDA excluding non-cash items to consolidated net income from continuing operations before income taxes were ($ in millions):

	Year Ended December 31,
	2019			2018			2017
Total reportable segments EBITDA excluding non-cash items	$	599		$	569		$	618
Interest income	7			1			—
Interest expense	(154		)	(113		)	(87		)
Goodwill impairment	—			(3		)	—
Depreciation	(195		)	(193		)	(178		)
Amortization of intangibles	(59		)	(68		)	(64		)
Fees to Manager - related party	(32		)	(45		)	(71		)
Other expense, net	(26		)	(33		)	(14		)
Total consolidated net income from continuing operations    before income taxes	$	140		$	115		$	204

Schedule of Capital Expenditures

Capital expenditures, on a cash basis, for the Company’s reportable segments were ($ in millions):

	Year Ended December 31,
	2019		2018		2017
IMTT	$	176	$	63	$	74
Atlantic Aviation	61		67		82
MIC Hawaii	20		23		29
Corporate and Other	3		24		29
Total capital expenditures of reportable segments	$	260	$	177	$	214

Schedule of Reconciliation of Assets of Reportable Segments

Property, equipment, land and leasehold improvements, net, and total assets for the Company’s reportable segments and its reconciliation to consolidated total assets as of December 31^st were ($ in millions):

	Property, Equipment, Land and Leasehold Improvements, net				Total Assets
	2019		2018		2019		2018
IMTT	$	2,323	$	2,249	$	4,172	$	4,020
Atlantic Aviation	567		565		2,060		1,676
MIC Hawaii	301		300		537		501
Corporate and Other	11		27		92		599
Total assets of reportable segments	$	3,202	$	3,141	$	6,861	$	6,796
Assets held for sale	—		—		—		648
Total consolidated assets	$	3,202	$	3,141	$	6,861	$	7,444