REPORTABLE SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2022

REPORTABLE SEGMENTS

Schedule of reportable segment information

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In millions)	2022		2021		2022		2021
Operating Revenue:
Ocean Transportation (1)	$	1,049.2	$	682.9	$	1,993.1	$	1,243.4
Logistics (2)		211.9		192.0		433.5		343.3
Total Operating Revenue	$	1,261.1	$	874.9	$	2,426.6	$	1,586.7
Operating Income:
Ocean Transportation (3)	$	470.0	$	201.0	$	886.2	$	315.1
Logistics		23.1		12.9		39.5		19.0
Total Operating Income		493.1		213.9		925.7		334.1
Interest expense, net		(4.5)		(5.5)		(9.3)		(12.8)
Other income (expense), net		1.8		1.5		3.8		2.9
Income before Taxes		490.4		209.9		920.2		324.2
Income taxes		(109.7)		(47.4)		(200.3)		(74.5)
Net Income	$	380.7	$	162.5	$	719.9	$	249.7

(1) Ocean Transportation operating revenue excludes inter-segment revenue of $24.0 million and $18.7 million for the three months ended June 30, 2022 and 2021, and $45.8 million and $33.8 million for the six months ended June 30, 2022 and 2021, respectively.

(2) Logistics operating revenue excludes inter-segment revenue of $45.2 million and $30.3 million for the three months ended June 30, 2022 and 2021, and $96.6 million and $48.9 million for the six months ended June 30, 2022 and 2021, respectively.

(3) Ocean Transportation segment information includes $24.7 million and $12.8 million of equity in income from the Company’s equity investment in SSAT for the three months ended June 30, 2022 and 2021, and $58.7 million and $22.0 million for the six months ended June 30, 2022 and 2021, respectively.