SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2017

SIGNIFICANT ACCOUNTING POLICIES

Schedule of property and equipment

	March 31,		December 31,
(In millions)	2017		2016
Cost:
Vessels	$	1,420.6	$	1,416.1
Containers and equipment		537.8		536.9
Terminal facilities and other property		57.1		43.2
Vessel construction in progress		125.8		124.5
Other construction in progress		32.1		31.2
Total Property and Equipment		2,173.4		2,151.9
Less: Accumulated Deprecation		(1,222.6)		(1,202.7)
Total Property and Equipment, net	$	950.8	$	949.2

Schedule of goodwill

Changes in goodwill for the three months ended March 31, 2017 and 2016 consist of the following:

	Goodwill
	Ocean
(In millions)	Transportation		Logistics		Total
Balance at December 31, 2016	$	218.5	$	105.2	$	323.7
Additions		—		—		—
Balance at March 31, 2017	$	218.5	$	105.2	$	323.7
	Goodwill
	Ocean
	Transportation		Logistics		Total
Balance at December 31, 2015	$	215.0	$	26.6	$	241.6
Additions		—		—		—
Balance at March 31, 2016	$	215.0	$	26.6	$	241.6

Schedule of intangible assets

	March 31,		December 31,
(In millions)	2017		2016
Customer Relationships:
Ocean Transportation	$	140.6	$	140.6
Logistics		90.1		90.1
Total		230.7		230.7
Less: Accumulated Amortization		(24.3)		(21.4)
Total Customer Relationships, net		206.4		209.3
Trade name - Logistics		27.3		27.3
Total Intangible Assets, net	$	233.7	$	236.6

Schedule of capital construction fund

	March 31,		December 31,
(In millions)	2017		2016
Capital Construction Fund:
Cash on deposit	$	31.2	$	31.2
Assigned accounts receivables	$	174.8	$	174.7

Schedule of changes in accumulated other comprehensive income (loss) by component, net of tax

									Accumulated
					Non-				Other
			Post		Qualified				Comprehensive
(In millions)	Pensions		Retirement		Plans		Other		Income (Loss)
Balance at December 31, 2016	$	(41.4)	$	(4.4)	$	(0.4)	$	0.1	$	(46.1)
Amortization of prior service cost		(0.4)		—		—		—		(0.4)
Amortization of net loss		0.8		0.1		—		—		0.9
Other adjustments		—		—		—		0.2		0.2
Balance at March 31, 2017	$	(41.0)	$	(4.3)	$	(0.4)	$	0.3	$	(45.4)
									Accumulated
					Non-				Other
			Post		Qualified				Comprehensive
(In millions)	Pensions		Retirement		Plans		Other		Income (Loss)
Balance at December 31, 2015	$	(41.7)	$	(4.7)	$	(0.2)	$	(0.3)	$	(46.9)
Net gain in prior service costs		—		0.7		—		—		0.7
Amortization of prior service cost		(0.4)		—		—		—		(0.4)
Amortization of net loss		0.8		0.2		0.1		—		1.1
Other adjustments		—		—		—		(0.1)		(0.1)
Balance at March 31, 2016		(41.3)		(3.8)		(0.1)	$	(0.4)		(45.6)