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GOODWILL AND INTANGIBLES ASSETS | 12 Months Ended
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Dec. 31, 2020
GOODWILL AND INTANGIBLES ASSETS |
GOODWILL AND INTANGIBLES ASSETS |
6. | GOODWILL AND INTANGIBLE ASSETS
​ Goodwill by segment as of December 31, 2020 and 2019 consists of the following:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Ocean | ​ | ​ | ​ | ​ | ​ | ​
(In millions) |  | Transportation |  | Logistics |  | Total
Goodwill | ​ | $ | 222.6 | ​ | $ | 105.2 | ​ | $ | 327.8
​ Logistics goodwill of $105.2 million includes $78.6 million acquired as part of the acquisition of Span Intermediate, LLC (“Span Alaska”) in August 2016 that was allocated to the Span Alaska reporting unit, and $26.6 million relates to other Logistics acquisitions that were allocated to the Logistics reporting unit. ​ Intangible assets by segment as of December 31, 2020 and 2019 consist of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, 2020 |  | ​ | As of December 31, 2019 |
​ | ​ | Gross | ​ | Accumulated | ​ | ​ | ​ |  | ​ | Gross | ​ | Accumulated | ​ | ​ | ​ |
(In millions) |  | Amount |  | Amortization |  | Net Book Value |  |  | Amount |  | Amortization |  | Net Book Value |
Ocean Transportation - Customer relationships | ​ | $ | 140.6 | ​ | $ | 37.9 | ​ | $ | 102.7 | ​ | ​ | $ | 140.6 | ​ | $ | 31.2 | ​ | $ | 109.4 | ​
Logistics: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Customer relationships | ​ | ​ | 90.1 | ​ | ​ | 28.1 | ​ | ​ | 62.0 | ​ | ​ | ​ | 90.1 | ​ | ​ | 23.9 | ​ | ​ | 66.2 | ​
Trade name | ​ |  | 27.3 | ​ | ​ | — | ​ | ​ | 27.3 | ​ | ​ |  | 27.3 | ​ | ​ | — | ​ | ​ | 27.3 | ​
Total Logistics | ​ |  | 117.4 | ​ | ​ | 28.1 | ​ | ​ | 89.3 | ​ | ​ |  | 117.4 | ​ | ​ | 23.9 | ​ | ​ | 93.5 | ​
Total | ​ | $ | 258.0 | ​ | $ | 66.0 | ​ | $ | 192.0 | ​ | ​ | $ | 258.0 | ​ | $ | 55.1 | ​ | $ | 202.9 | ​
​ Ocean Transportation intangible assets of $140.6 million relate to customer relationships acquired as part of the acquisition of Horizon Lines, Inc. (“Horizon”) on May 29, 2015, and are being amortized over 21 years. Logistics intangible assets include $79.3 million of customer relationships which are being amortized over 20 years, and $27.3 million of an indefinite life trade name, both acquired as part of the Span Alaska acquisition. The remaining Logistics customer relationships of $10.8 million are being amortized over a period of up to 13 years. ​ Intangible assets related amortization expense for 2020, 2019 and 2018, is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31, |
(In millions) |  | 2020 |  | 2019 |  | 2018 |
Amortization expense | ​ | $ | 10.9 | ​ | $ | 11.1 | ​ | $ | 11.2 | ​
​ As of December 31, 2020, estimated amortization expense related to customer relationship intangible assets during the next five years and thereafter is as follows:
​ | ​ | ​ | ​ | ​
​ | ​ | Customer | ​
Year (in millions) | ​ | Relationships |
2021 | ​ | $ | 10.9 | ​
2022 | ​ |  | 10.7 | ​
2023 | ​ |  | 10.7 | ​
2024 | ​ |  | 10.7 | ​
2025 | ​ |  | 10.7 | ​
Thereafter | ​ |  | 111.0 | ​
Total | ​ | $ | 164.7 | ​
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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