GOODWILL AND INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2021

GOODWILL AND INTANGIBLES

Schedule of goodwill

Goodwill by segment as of December 31, 2021 and 2020 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, 2021						As of December 31, 2020
	Gross		Accumulated				Gross		Accumulated
(In millions)	Amount		Amortization		Net Book Value		Amount		Amortization		Net Book Value
Ocean Transportation - Customer relationships	$	140.6	$	44.6	$	96.0	$	140.6	$	37.9	$	102.7
Logistics:
Customer relationships		90.1		32.3		57.8		90.1		28.1		62.0
Trade name		27.3		—		27.3		27.3		—		27.3
Total Logistics		117.4		32.3		85.1		117.4		28.1		89.3
Total	$	258.0	$	76.9	$	181.1	$	258.0	$	66.0	$	192.0

Schedule of intangible asset related amortization expense

	Years Ended December 31,
(In millions)	2021		2020		2019
Amortization expense	$	10.9	$	10.9	$	11.1

Schedule of estimated amortization expenses related to intangible assets

As of December 31, 2021, estimated amortization expense related to customer relationship intangible assets during the next five years and thereafter is as follows:

	Customer
Year (in millions)	Relationships
2022	$	10.7
2023		10.7
2024		10.7
2025		10.7
2026		10.7
Thereafter		100.3
Total	$	153.8