PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2019

PROPERTY AND EQUIPMENT

Schedule of property and equipment

	As of December 31, 2019						As of December 31, 2018
			Accumulated						Accumulated
(In millions)	Cost		Depreciation		Net Book Value		Cost		Depreciation		Net Book Value
Vessels	$	1,653.5	$	818.5	$	835.0	$	1,489.2	$	847.1	$	642.1
Containers and equipment		544.5		378.8		165.7		513.6		362.9		150.7
Terminal facilities and other property		114.4		41.3		73.1		66.0		38.6		27.4
Vessel construction in progress		488.9		—		488.9		487.2		—		487.2
Other construction in progress		35.4		—		35.4		59.2		—		59.2
Total	$	2,836.7	$	1,238.6	$	1,598.1	$	2,615.2	$	1,248.6	$	1,366.6

Schedule of depreciation expense

	Years Ended December 31,
(In millions)	2019		2018		2017
Depreciation expense	$	86.3	$	80.5	$	86.7