REPORTABLE SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of reportable segment information


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2020		2019		2020		2019
Operating Revenue:
Ocean Transportation (1)	$	498.3	$	437.2	$	1,310.0	$	1,250.5
Logistics (2)		146.9		134.9		373.2		411.9
Total Operating Revenue	$	645.2	$	572.1	$	1,683.2	$	1,662.4
Operating Income:
Ocean Transportation (3)	$	86.5	$	43.9	$	136.7	$	73.0
Logistics		11.9		11.3		25.9		30.7
Total Operating Income		98.4		55.2		162.6		103.7
Interest expense, net		(5.7)		(6.2)		(22.5)		(16.9)
Other income (expense), net		2.4		(0.5)		4.5		0.9
Income before Income Taxes		95.1		48.5		144.6		87.7
Income taxes		(24.2)		(12.3)		(37.1)		(20.6)
Net Income	$	70.9	$	36.2	$	107.5	$	67.1

(1)	Ocean Transportation operating revenue excludes inter-segment revenue of $22.4 million and $14.0 million for the three months ended September 30, 2020 and 2019, and $43.7 million and $39.2 million for the nine months ended September 30, 2020 and 2019, respectively.

(2)	Logistics operating revenue excludes inter-segment revenue of $17.8 million and $14.2 million for the three months ended September 30, 2020 and 2019, and $40.1 million and $36.1 million for the nine months ended September 30, 2020 and 2019, respectively.

(3)

Ocean Transportation segment information includes $7.7 million and $8.4 million of equity in income from the Company’s equity investment in SSAT for the three months ended September 30, 2020 and 2019, and $15.4 million and $17.8 million for the nine months ended September 30, 2020 and 2019, respectively.