Reportable Segments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2020
	IMTT		Atlantic Aviation		MIC Hawaii		Total Reportable Segments
Service revenue
Terminal services	$	19	$	—	$	—	$	19
Lease	100		—		—		100
Fuel	—		58		—		58
Hangar	—		24		—		24
Other	1		22		—		23
Total service revenue	120		104		—		224
Product revenue
Lease	—		—		1		1
Gas	—		—		32		32
Other	—		—		4		4
Total product revenue	—		—		37		37
Total revenue	$	120	$	104	$	37	$	261

	Quarter Ended June 30, 2019
	IMTT		Atlantic Aviation		MIC Hawaii		Total Reportable Segments
Service revenue
Terminal services	$	22	$	—	$	—	$	22
Lease	95		—		—		95
Fuel	—		173		—		173
Hangar	—		23		—		23
Other	2		40		—		42
Total service revenue	119		236		—		355
Product revenue
Lease	—		—		1		1
Gas	—		—		57		57
Other	—		—		3		3
Total product revenue	—		—		61		61
Total revenue	$	119	$	236	$	61	$	416

	Six Months Ended June 30, 2020
	IMTT		Atlantic Aviation		MIC Hawaii		Total Reportable Segments
Service revenue
Terminal services	$	56	$	—	$	—	$	56
Lease	193		—		—		193
Fuel	—		208		—		208
Hangar	—		49		—		49
Other	3		71		—		74
Total service revenue	252		328		—		580
Product revenue
Lease	—		—		2		2
Gas	—		—		89		89
Other	—		—		6		6
Total product revenue	—		—		97		97
Total revenue	$	252	$	328	$	97	$	677

	Six Months Ended June 30, 2019
	IMTT		Atlantic Aviation		MIC Hawaii		Intercompany Adjustments		Total Reportable Segments
Service revenue
Terminal services	$	46	$	—	$	—	$	—	$	46
Lease	230		—		—		(1)		229
Fuel	—		354		—		—		354
Hangar	—		46		—		—		46
Other	4		94		—		—		98
Total service revenue	280		494		—		(1)		773
Product revenue
Lease	—		—		2		—		2
Gas	—		—		117		—		117
Other	—		—		6		—		6
Total product revenue	—		—		125		—		125
Total revenue	$	280	$	494	$	125	$	(1)	$	898

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.

	Quarter Ended June 30, 2020
	IMTT		Atlantic Aviation		MIC Hawaii		Corporate and Other		Total Reportable Segments
Net income (loss)	$	16	$	(17)	$	5	$	(12)	$	(8)
Interest expense, net	10		14		2		7		33
Provision (benefit) for income taxes	6		(6)		2		(7)		(5)
Depreciation and amortization	34		25		4		—		63
Fees to Manager-related party	—		—		—		4		4
Other non-cash expense (income), net	2		1		(6)		1		(2)
EBITDA excluding non-cash items	$	68	$	17	$	7	$	(7)	$	85

	Quarter Ended June 30, 2019
	IMTT		Atlantic Aviation		MIC Hawaii		Corporate and Other		Total Reportable Segments
Net income (loss)	$	9	$	9	$	2	$	(14)	$	6
Interest expense, net	15		22		2		6		45
Provision (benefit) for income taxes	4		4		1		(7)		2
Depreciation and amortization	33		26		4		—		63
Fees to Manager-related party	—		—		—		7		7
Other non-cash expense, net	3		1		5		—		9
EBITDA excluding non-cash items	$	64	$	62	$	14	$	(8)	$	132

	Six Months Ended June 30, 2020
	IMTT		Atlantic Aviation		MIC Hawaii		Corporate and Other		Total Reportable Segments
Net income (loss)	$	34	$	(3)	$	8	$	(36)	$	3
Interest expense, net	25		33		5		12		75
Provision (benefit) for income taxes	13		(1)		4		(12)		4
Depreciation and amortization	68		52		8		—		128
Fees to Manager-related party	—		—		—		11		11
Other non-cash expense (income), net	5		2		(3)		1		5
EBITDA excluding non-cash items	$	145	$	83	$	22	$	(24)	$	226

	Six Months Ended June 30, 2019
	IMTT		Atlantic Aviation		MIC Hawaii		Corporate and Other		Total Reportable Segments
Net income (loss)	$	50	$	34	$	10	$	(24)	$	70
Interest expense, net	28		41		5		10		84
Provision (benefit) for income taxes	20		13		4		(11)		26
Depreciation and amortization	66		52		8		—		126
Fees to Manager-related party	—		—		—		15		15
Other non-cash expense, net	4		1		7		1		13
EBITDA excluding non-cash items	$	168	$	141	$	34	$	(9)	$	334

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

	Quarter Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Total reportable segments EBITDA excluding non-cash items	$	85	$	132	$	226	$	334
Interest income	—		1		—		4
Interest expense	(33)		(46)		(75)		(88)
Depreciation and amortization	(63)		(63)		(128)		(126)
Fees to Manager-related party	(4)		(7)		(11)		(15)
Other income (expense), net	2		(9)		(5)		(13)
Total consolidated net (loss) income from continuing operations before income taxes	$	(13)	$	8	$	7	$	96

Schedule of Capital Expenditures

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

	Quarter Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
IMTT	$	51	$	38	$	106	$	64
Atlantic Aviation	10		14		21		27
MIC Hawaii	3		5		8		10
Corporate and Other	—		1		—		1
Total capital expenditures of reportable segments	$	64	$	58	$	135	$	102

Schedule of Reconciliation of Assets of Reportable Segments

Property, equipment, land and leasehold improvements, net, and total assets for the Company’s reportable segments were ($ in millions):

	Property, Equipment, Land and Leasehold Improvements, net				Total Assets
	June 30, 2020		December 31, 2019		June 30, 2020		December 31, 2019
IMTT	$	2,358	$	2,323	$	4,120	$	4,172
Atlantic Aviation	562		567		1,934		2,060
MIC Hawaii	301		301		519		537
Corporate and Other	10		11		774		92
Total consolidated assets	$	3,231	$	3,202	$	7,347	$	6,861