GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2022

GOODWILL AND INTANGIBLE ASSETS

Schedule of goodwill

Goodwill by segment consists of the following as of December 31, 2022 and 2021:

	Ocean
(In millions)	Transportation		Logistics		Total
Goodwill	$	222.6	$	105.2	$	327.8

Schedule of intangible assets

	As of December 31, 2022						As of December 31, 2021
	Gross		Accumulated				Gross		Accumulated
(In millions)	Amount		Amortization		Net Book Value		Amount		Amortization		Net Book Value
Ocean Transportation - Customer relationships	$	140.6	$	51.2	$	89.4	$	140.6	$	44.6	$	96.0
Logistics:
Customer relationships		95.3		37.1		58.2		90.1		32.3		57.8
Trade name		27.3		—		27.3		27.3		—		27.3
Total Logistics		122.6		37.1		85.5		117.4		32.3		85.1
Total	$	263.2	$	88.3	$	174.9	$	258.0	$	76.9	$	181.1

Schedule of intangible asset related amortization expense

	Years Ended December 31,
(In millions)	2022		2021		2020
Amortization expense	$	11.4	$	10.9	$	10.9

Schedule of estimated amortization expenses related to intangible assets

As of December 31, 2022, estimated amortization expense related to customer relationship intangible assets during the next five years and thereafter are as follows:

	Customer
Year (in millions)	Relationships
2023	$	12.4
2024		12.4
2025		11.5
2026		10.7
2027		10.7
Thereafter		89.9
Total	$	147.6