PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2024

PROPERTY AND EQUIPMENT

Schedule of property and equipment

	As of December 31, 2024						As of December 31, 2023
			Accumulated						Accumulated
(In millions)	Cost		Depreciation		Net Book Value		Cost		Depreciation		Net Book Value
Vessels	$	2,475.2	$	961.9	$	1,513.3	$	2,323.4	$	886.8	$	1,436.6
Containers and equipment		883.8		465.9		417.9		845.0		451.9		393.1
Terminal equipment and other property		152.3		64.0		88.3		148.0		58.6		89.4
New vessel construction in progress		198.8		—		198.8		103.1		—		103.1
Other construction in progress		42.6		—		42.6		67.7		—		67.7
Total	$	3,752.7	$	1,491.8	$	2,260.9	$	3,487.2	$	1,397.3	$	2,089.9

Schedule of depreciation expense

	Years Ended December 31,
(In millions)	2024		2023		2022
Depreciation expense	$	135.4	$	124.4	$	123.5