Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Revenue From External Customers

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

	Quarter Ended March 31, 2020
	IMTT		Atlantic Aviation		MIC Hawaii		Total Reportable Segments
Service revenue
Terminal services	$	37	$	—	$	—	$	37
Lease	93		—		—		93
Fuel	—		150		—		150
Hangar	—		25		—		25
Other	2		49		—		51
Total service revenue	$	132	$	224	$	—	$	356
Product revenue
Lease	$	—	$	—	$	1	$	1
Gas	—		—		57		57
Other	—		—		2		2
Total product revenue	$	—	$	—	$	60	$	60
Total revenue	$	132	$	224	$	60	$	416

	Quarter Ended March 31, 2019
	IMTT		Atlantic Aviation		MIC Hawaii		Intercompany Adjustments			Total Reportable Segments
Service revenue
Terminal services	$	24	$	—	$	—	$	—		$	24
Lease	135		—		—		(1		)	134
Fuel	—		181		—		—			181
Hangar	—		23		—		—			23
Other	2		54		—		—			56
Total service revenue	$	161	$	258	$	—	$	(1	)	$	418
Product revenue
Lease	$	—	$	—	$	1	$	—		$	1
Gas	—		—		60		—			60
Other	—		—		3		—			3
Total product revenue	$	—	$	—	$	64	$	—		$	64
Total revenue	$	161	$	258	$	64	$	(1	)	$	482

Schedule of EBITDA for Reportable Segments

	Quarter Ended March 31, 2020
	IMTT		Atlantic Aviation		MIC Hawaii		Corporate and Other			Total Reportable Segments
Net income (loss)	$	18	$	14	$	3	$	(24	)	$	11
Interest expense, net	15		19		3		5			42
Provision (benefit) for income taxes	7		5		2		(5		)	9
Depreciation	31		16		4		—			51
Amortization of intangibles	3		11		—		—			14
Fees to Manager-related party	—		—		—		7			7
Other non-cash expense, net	3		1		3		—			7
EBITDA excluding non-cash items	$	77	$	66	$	15	$	(17	)	$	141

	Quarter Ended March 31, 2019
	IMTT		Atlantic Aviation		MIC Hawaii		Corporate and Other			Total Reportable Segments
Net income (loss)	$	41	$	25	$	8	$	(10	)	$	64
Interest expense, net	13		19		3		4			39
Provision (benefit) for income taxes	16		9		3		(4		)	24
Depreciation	29		15		4		—			48
Amortization of intangibles	4		11		—		—			15
Fees to Manager-related party	—		—		—		8			8
Other non-cash expense, net	1		—		2		1			4
EBITDA excluding non-cash items	$	104	$	79	$	20	$	(1	)	$	202

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

	Quarter Ended March 31,
	2020			2019
Total reportable segments EBITDA excluding non-cash items	$	141		$	202
Interest income	—			3
Interest expense	(42		)	(42		)
Depreciation	(51		)	(48		)
Amortization of intangibles	(14		)	(15		)
Fees to Manager-related party	(7		)	(8		)
Other expense, net	(7		)	(4		)
Total consolidated net income from continuing operations    before income taxes	$	20		$	88

Schedule of Capital Expenditures

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

	Quarter Ended March 31,
	2020		2019
IMTT	$	55	$	26
Atlantic Aviation	11		13
MIC Hawaii	5		5
Total capital expenditures of reportable segments	$	71	$	44

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 were ($ in millions):

	Property, Equipment, Land and Leasehold Improvements, net				Total Assets
	March 31, 2020		December 31, 2019		March 31, 2020		December 31, 2019
IMTT	$	2,337	$	2,323	$	4,098	$	4,172
Atlantic Aviation	568		567		1,967		2,060
MIC Hawaii	302		301		519		537
Corporate and other	13		11		1,042		92
Total consolidated assets	$	3,220	$	3,202	$	7,626	$	6,861