GOODWILL AND INTANGIBLES ASSETS (Tables)

12 Months Ended

Dec. 31, 2019

GOODWILL AND INTANGIBLES ASSETS

Schedule of goodwill

Goodwill by segment as of December 31, 2019 and 2018 consists of the following:

	Ocean
(In millions)	Transportation		Logistics		Total
Goodwill	$	222.6	$	105.2	$	327.8

Schedule of intangible assets

	As of December 31, 2019						As of December 31, 2018
	Gross		Accumulated				Gross		Accumulated
(In millions)	Amount		Amortization		Net Book Value		Amount		Amortization		Net Book Value
Ocean Transportation - Customer relationships	$	140.6	$	31.2	$	109.4	$	140.6	$	24.4	$	116.2
Logistics:
Customer relationships		90.1		23.9		66.2		90.1		19.6		70.5
Trade name		27.3		—		27.3		27.3		—		27.3
Total Logistics		117.4		23.9		93.5		117.4		19.6		97.8
Total	$	258.0	$	55.1	$	202.9	$	258.0	$	44.0	$	214.0

Schedule of intangible asset related amortization expense

	Years Ended December 31,
(In millions)	2019		2018		2017
Amortization expense	$	11.1	$	11.2	$	11.4

Schedule of estimated amortization expenses related to intangible assets

As of December 31, 2019, estimated amortization expense related to customer relationships intangible assets during the next five years and thereafter is as follows:

	Customer
Year (in millions)	Relationships
2020	$	11.0
2021		10.9
2022		10.7
2023		10.7
2024		10.7
Thereafter		121.6
Total	$	175.6