REPORTABLE SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2021

Schedule of reportable segment information


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2021		2020		2021		2020
Operating Revenue:
Ocean Transportation (1)	$	863.5	$	498.3	$	2,106.9	$	1,310.0
Logistics (2)		208.1		146.9		551.4		373.2
Total Operating Revenue	$	1,071.6	$	645.2	$	2,658.3	$	1,683.2
Operating Income:
Ocean Transportation (3)	$	361.9	$	86.5	$	677.0	$	136.7
Logistics		16.0		11.9		35.0		25.9
Total Operating Income		377.9		98.4		712.0		162.6
Interest expense, net		(5.1)		(5.7)		(17.9)		(22.5)
Other income (expense), net		1.8		2.4		4.7		4.5
Income before Income Taxes		374.6		95.1		698.8		144.6
Income taxes		(91.4)		(24.2)		(165.9)		(37.1)
Net Income	$	283.2	$	70.9	$	532.9	$	107.5

(1)	Ocean Transportation operating revenue excludes inter-segment revenue of $21.8 million and $22.4 million for the three months ended September 30, 2021 and 2020, and $55.6 million and $43.7 million for the nine months ended September 30, 2021 and 2020, respectively.

(2)	Logistics operating revenue excludes inter-segment revenue of $36.0 million and $17.8 million for the three months ended September 30, 2021 and 2020, and $84.9 million and $40.1 million for the nine months ended September 30, 2021 and 2020, respectively.

(3)

Ocean Transportation segment information includes $13.0 million and $7.7 million of equity in income from the Company’s equity investment in SSAT for the three months ended September 30, 2021 and 2020, and $35.0 million and $15.4 million for the nine months ended September 30, 2021 and 2020, respectively.