REPORTABLE SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of reportable segment information


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2022		2021		2022		2021
Operating Revenue:
Ocean Transportation (1)	$	918.5	$	863.5	$	2,911.6	$	2,106.9
Logistics (2)		196.3		208.1		629.8		551.4
Total Operating Revenue	$	1,114.8	$	1,071.6	$	3,541.4	$	2,658.3
Operating Income:
Ocean Transportation (3)	$	315.2	$	361.9	$	1,201.4	$	677.0
Logistics		20.1		16.0		59.6		35.0
Total Operating Income		335.3		377.9		1,261.0		712.0
Interest income		1.3		—		1.3		—
Interest expense		(5.0)		(5.1)		(14.3)		(17.9)
Other income (expense), net		2.5		1.8		6.3		4.7
Income before Taxes		334.1		374.6		1,254.3		698.8
Income taxes		(68.1)		(91.4)		(268.4)		(165.9)
Net Income	$	266.0	$	283.2	$	985.9	$	532.9

(1)	Ocean Transportation operating revenue excludes inter-segment revenue of $28.0 million and $21.8 million for the three months ended September 30, 2022 and 2021, and $73.8 million and $55.6 million for the nine months ended September 30, 2022 and 2021, respectively.

(2)	Logistics operating revenue excludes inter-segment revenue of $50.2 million and $36.0 million for the three months ended September 30, 2022 and 2021, and $146.8 million and $84.9 million for the nine months ended September 30, 2022 and 2021, respectively.

(3)

Ocean Transportation segment information includes $23.4 million and $13.0 million of equity in income from the Company’s equity investment in SSAT for the three months ended September 30, 2022 and 2021, and $82.1 million and $35.0 million for the nine months ended September 30, 2022 and 2021, respectively.