REPORTABLE SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2022

REPORTABLE SEGMENTS

Schedule of reportable segment information

	Three Months Ended
	March 31,
(In millions)	2022		2021
Operating Revenue:
Ocean Transportation (1)	$	943.9	$	560.5
Logistics (2)		221.6		151.3
Total Operating Revenue	$	1,165.5	$	711.8
Operating Income:
Ocean Transportation (3)	$	416.2	$	114.1
Logistics		16.4		6.1
Total Operating Income		432.6		120.2
Interest expense, net		(4.8)		(7.3)
Other income (expense), net		2.0		1.4
Income before Income Taxes		429.8		114.3
Income taxes		(90.6)		(27.1)
Net Income	$	339.2	$	87.2

(1) Ocean Transportation operating revenue excludes inter-segment revenue of $21.8 million and $15.1 million for the three months ended March 31, 2022 and 2021, respectively.

(2) Logistics operating revenue excludes inter-segment revenue of $51.4 million and $18.6 million for the three months ended March 31, 2022 and 2021, respectively.

(3) Ocean Transportation segment information includes $34.0 million and $9.2 million of equity in income from the Company’s equity investment in SSAT for the three months ended March 31, 2022 and 2021, respectively.