REPORTABLE SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2023

REPORTABLE SEGMENTS

Schedule of reportable segment financial information

	Three Months Ended
	March 31,
(In millions)	2023		2022
Operating Revenue:
Ocean Transportation (1)	$	551.0	$	943.9
Logistics (2)		153.8		221.6
Total Operating Revenue	$	704.8	$	1,165.5
Operating Income:
Ocean Transportation (3)	$	27.8	$	416.2
Logistics		10.9		16.4
Total Operating Income		38.7		432.6
Interest income		8.2		—
Interest expense		(4.5)		(4.8)
Other income (expense), net		1.8		2.0
Income before Taxes		44.2		429.8
Income taxes		(10.2)		(90.6)
Net Income	$	34.0	$	339.2

(1) Ocean Transportation operating revenue excludes inter-segment revenue of $16.1 million and $21.8 million for the three months ended March 31, 2023 and 2022, respectively.

(2) Logistics operating revenue excludes inter-segment revenue of $24.0 million and $51.4 million for the three months ended March 31, 2023 and 2022, respectively.

(3) Ocean Transportation segment information includes $(1.8) million and $34.0 million of equity in income from the Company’s equity investment in SSAT for the three months ended March 31, 2023 and 2022, respectively.