Commitments, Guarantees and Contingencies (Tables)

3 Months Ended

Mar. 31, 2012

Commitments, Guarantees and Contingencies [Abstract]

Commitments and Financial Arrangements

(2) Commitments, Guarantees and Contingencies:  Commitments and financial arrangements (excluding lease commitments disclosed in Note 8 of the Company's Annual Report filed on Form 10-K for the year ended December 31, 2011) at March 31, 2012, included the following (in millions):

Standby letters of credit	(a)	$	19
Performance and customs bonds	(b)	$	50
Benefit plan withdrawal obligations	(c)	$	87

These amounts are not recorded on the Company's condensed consolidated balance sheet and it is not expected that the Company or its subsidiaries will be called upon to advance funds under these commitments.

(a) Represents letters of credit, of which approximately $7 million enable the Company to qualify as a self-insurer for state and federal workers' compensation liabilities. Additionally, the balance includes approximately $12 million related to the Company's real estate business.

(b) Consists of approximately $13 million in U.S. customs bonds, approximately $36 million in bonds related to real estate construction projects in Hawaii, and approximately $1 million related to transportation and other matters.

(c) Represents the withdrawal liabilities as of the most recent valuation dates for multiemployer pension plans, in which Matson is a participant. Management has no present intention of withdrawing from, and does not anticipate the termination of, any of the aforementioned plans.