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REPORTABLE SEGMENTS (Tables) | 12 Months Ended
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Dec. 31, 2018
REPORTABLE SEGMENTS |
Schedule of reportable segment information |
|  | Years Ended December 31,
(In millions) |  | 2018 |  | 2017 |  | 2016
Operating Revenue: |  |  |  |  |  |  |  |  |
Ocean Transportation |  | $ | 1,641.3 |  | $ | 1,571.8 |  | $ | 1,541.1
Logistics |  |  | 581.5 |  |  | 475.1 |  |  | 400.5
Total Operating Revenue |  | $ | 2,222.8 |  | $ | 2,046.9 |  | $ | 1,941.6
Operating Income: |  |  |  |  |  |  |  |  |
Ocean Transportation (1) |  | $ | 131.1 |  | $ | 126.4 |  | $ | 144.5
Logistics (2) |  |  | 32.7 |  |  | 20.9 |  |  | 12.2
Total Operating Income |  |  | 163.8 |  |  | 147.3 |  |  | 156.7
Interest expense, net |  |  | (18.7) |  |  | (24.2) |  |  | (24.1)
Other income (expense), net |  |  | 2.6 |  |  | 2.1 |  |  | (2.1)
Income before Income Taxes |  |  | 147.7 |  |  | 125.2 |  |  | 130.5
Income taxes (3) |  |  | (38.7) |  |  | 105.8 |  |  | (49.1)
Net Income (3) |  | $ | 109.0 |  | $ | 231.0 |  | $ | 81.4
Capital Expenditures: |  |  |  |  |  |  |  |  |
Ocean Transportation |  | $ | 385.4 |  | $ | 305.3 |  | $ | 179.1
Logistics |  |  | 15.8 |  |  | 1.7 |  |  | 0.3
Total Capital Expenditures |  | $ | 401.2 |  | $ | 307.0 |  | $ | 179.4
Depreciation and Amortization: |  |  |  |  |  |  |  |  |
Ocean Transportation |  | $ | 87.0 |  | $ | 93.3 |  | $ | 92.6
Logistics |  |  | 7.4 |  |  | 7.9 |  |  | 4.5
|  |  | 94.4 |  |  | 101.2 |  |  | 97.1
Deferred dry-docking amortization - Ocean Transportation |  |  | 37.4 |  |  | 46.2 |  |  | 38.9
Total Depreciation and Amortization |  | $ | 131.8 |  | $ | 147.4 |  | $ | 136.0
| (1) |  | Ocean Transportation segment information includes $36.8 million, $28.2 million, and $15.8 million of equity in income from the Company’s equity investment in SSAT for the years ended December 31, 2018, 2017, and 2016, respectively.
| (2) |  | Logistics segment information includes the operations of Span Alaska acquired as of August 4, 2016.
| (3) |  | Income taxes and net income were adjusted for an immaterial correction of an error for the year ended December 31, 2017 (see Note 2).
|  | As of December 31,
(In millions) |  | 2018 |  | 2017
Identifiable Assets: |  |  |  |  |  |
Ocean Transportation (1) (2) |  | $ | 2,071.6 |  | $ | 1,941.5
Logistics |  |  | 358.8 |  |  | 310.1
Total Assets (2) |  | $ | 2,430.4 |  | $ | 2,251.6
| (1) |  | The Ocean Transportation segment includes $87.0 million and $93.2 million related to the Company’s equity investment in SSAT as of December 31, 2018 and 2017, respectively.
| (2) |  | Amounts as of December 31, 2017 have been adjusted for an immaterial correction of an error (see Note 2).

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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 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: 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=68060357&loc=d3e8813-108599 Reference 3: 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=68060357&loc=d3e8721-108599 Reference 4: 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=35741047&loc=d3e13816-109267 Reference 5: 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=68060357&loc=d3e8736-108599 + Details
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