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INDUSTRY SEGMENTS (Tables) | 12 Months Ended
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Dec. 31, 2011
INDUSTRY SEGMENTS [Abstract] |
Segment Information | Industry segment information for 2011, 2010, and 2009 is summarized below (in millions):
For the Year |  | 2011 |  |  | 2010 |  |  | 2009 |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |
Transportation: |  |  |  |  |  |  |  |  |  |  |  |
Ocean transportation |  | $ | 1,077.6 |  |  | $ | 1,016.5 |  |  | $ | 888.6 |
Logistics services |  |  | 386.4 |  |  |  | 355.6 |  |  |  | 320.9 |
Real Estate: |  |  |  |  |  |  |  |  |  |  |  |
Leasing |  |  | 100.1 |  |  |  | 94.4 |  |  |  | 103.2 |
Sales |  |  | 66.2 |  |  |  | 136.1 |  |  |  | 125.6 |
Less amounts reported in discontinued operations1 |  |  | (47.5 | ) |  |  | (126.7 | ) |  |  | (136.6 | )
Agribusiness5 |  |  | 161.7 |  |  |  | 163.9 |  |  |  | 107.0 |
Reconciling Items 2 |  |  | (22.1 | ) |  |  | (26.3 | ) |  |  | (16.3 | )
Total revenue |  | $ | 1,722.4 |  |  | $ | 1,613.5 |  |  | $ | 1,392.4 |
Operating Profit: |  |  |  |  |  |  |  |  |  |  |  |
Transportation: |  |  |  |  |  |  |  |  |  |  |  |
Ocean transportation3 |  | $ | 74.1 |  |  | $ | 118.7 |  |  | $ | 58.3 |
Logistics services |  |  | 5.0 |  |  |  | 7.2 |  |  |  | 6.7 |
Real Estate: |  |  |  |  |  |  |  |  |  |  |  |
Leasing |  |  | 39.3 |  |  |  | 35.3 |  |  |  | 43.2 |
Sales3 |  |  | 15.5 |  |  |  | 50.1 |  |  |  | 39.1 |
Less amounts reported in discontinued operations1 |  |  | (23.8 | ) |  |  | (54.5 | ) |  |  | (59.2 | )
Agribusiness5 |  |  | 22.2 |  |  |  | 6.1 |  |  |  | (27.8 | )
Total operating profit |  |  | 132.3 |  |  |  | 162.9 |  |  |  | 60.3 |
Interest expense, net4 |  |  | (24.8 | ) |  |  | (25.5 | ) |  |  | (25.9 | )
General corporate expenses |  |  | (20.3 | ) |  |  | (23.3 | ) |  |  | (21.8 | )
Income from continuing operations before income taxes |  |  | 87.2 |  |  |  | 114.1 |  |  |  | 12.6 |
Income taxes |  |  | 32.3 |  |  |  | 44.7 |  |  |  | 5.0 |
Income from continuing operations |  |  | 54.9 |  |  |  | 69.4 |  |  |  | 7.6 |
Discontinued operations |  |  | (20.7 | ) |  |  | 22.7 |  |  |  | 36.6 |
Net income |  | $ | 34.2 |  |  | $ | 92.1 |  |  | $ | 44.2 |
1 | Prior year amounts restated for amounts treated as discontinued operations.
2 | Includes inter-segment revenue, interest income, and other income classified as revenue for segment reporting purposes.
3 | The Ocean Transportation segment includes approximately $8.6 million, $12.8 million, and $6.2 million of equity in earnings from its investment in SSAT for 2011, 2010, and 2009, respectively. The Real Estate Sales segment includes approximately $7.9 million equity in loss and $2.0 million in equity in earnings from its various real estate joint ventures for 2011 and 2010, respectively. Equity in earnings from joint ventures in 2009 was negligible.
4 | Includes Ocean Transportation interest expense of $7.7 million, $8.2 million, and $9.0 million for 2011, 2010, and 2009, respectively. Substantially all other interest expense was at the parent company.
5 | Includes a $4.9 million gain in 2010 related to an agriculture disaster relief payment for drought experienced in prior years and a $5.4 million gain recorded upon consolidation of HS&TC in 2009.
As of December 31: |  | 2011 |  |  | 2010 |  |  | 2009 |
Identifiable Assets: |  |  |  |  |  |  |  |  |  |  |  |
Ocean transportation6 |  | $ | 1,082.6 |  |  | $ | 1,095.5 |  |  | $ | 1,095.2 |
Logistics services |  |  | 76.8 |  |  |  | 73.8 |  |  |  | 72.4 |
Real estate leasing |  |  | 770.9 |  |  |  | 739.4 |  |  |  | 627.4 |
Real estate sales6 |  |  | 451.4 |  |  |  | 420.8 |  |  |  | 415.6 |
Agribusiness |  |  | 157.8 |  |  |  | 150.3 |  |  |  | 156.8 |
Other |  |  | 4.8 |  |  |  | 14.8 |  |  |  | 12.2 |
Total assets |  | $ | 2,544.3 |  |  | $ | 2,494.6 |  |  | $ | 2,379.6 |
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Ocean transportation |  | $ | 44.2 |  |  | $ | 69.4 |  |  | $ | 12.7 |
Logistics services7 |  |  | 3.0 |  |  |  | 1.8 |  |  |  | 0.6 |
Real estate leasing8 |  |  | 43.6 |  |  |  | 164.7 |  |  |  | 108.8 |
Real estate sales9 |  |  | 5.2 |  |  |  | 0.1 |  |  |  | 0.1 |
Agribusiness |  |  | 10.5 |  |  |  | 6.8 |  |  |  | 3.4 |
Other |  |  | -- |  |  |  | 0.3 |  |  |  | 0.3 |
Total capital expenditures |  | $ | 106.5 |  |  | $ | 243.1 |  |  | $ | 125.9 |
Depreciation and Amortization: |  |  |  |  |  |  |  |  |  |  |  |
Ocean transportation |  | $ | 70.6 |  |  | $ | 69.0 |  |  | $ | 67.1 |
Logistics services |  |  | 3.2 |  |  |  | 3.2 |  |  |  | 3.5 |
Real estate leasing1 |  |  | 21.6 |  |  |  | 20.3 |  |  |  | 19.5 |
Real estate sales |  |  | 0.2 |  |  |  | 0.2 |  |  |  | 0.3 |
Agribusiness |  |  | 11.9 |  |  |  | 12.7 |  |  |  | 11.9 |
Other |  |  | 1.1 |  |  |  | 1.9 |  |  |  | 3.1 |
Total depreciation and amortization |  | $ | 108.6 |  |  | $ | 107.3 |  |  | $ | 105.4 |
6 | The Ocean Transportation segment includes approximately $56.5 million, $52.9 million, and $47.2 million related to its investment in SSAT as of December 31, 2011, 2010, and 2009, respectively. The Real Estate Sales segment includes approximately $290.1 million, $274.8 million, and $193.3 million related to its investment in various real estate joint ventures as of December 31, 2011, 2010, and 2009, respectively.
7 | Excludes expenditures related to Matson Logistics' acquisitions, which are classified as acquisition of businesses in Cash Flows from Investing Activities within the Consolidated Statements of Cash Flows.
8 | Represents gross capital additions to the leasing portfolio, including gross tax-deferred property purchases that are reflected as non-cash transactions in the Consolidated Statements of Cash Flows.
9 | Excludes expenditures for real estate developments held for sale which are classified as Cash Flows from Operating Activities within the Consolidated Statements of Cash Flows. Operating cash flows for expenditures related to real estate developments were $14 million, $22 million, and $6 million for 2011, 2010, and 2009, respectively.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 27, 28 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 + Details
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