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PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2020

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT

5. PROPERTY AND EQUIPMENT

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Property and equipment at December 31, 2020 and 2019, and depreciation expense for the years ended December 31, 2020, 2019 and 2018 is as follows:

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As of December 31, 2020

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As of December 31, 2019

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Accumulated

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Accumulated

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(In millions)

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Cost

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Depreciation

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Net Book Value

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Cost

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Depreciation

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Net Book Value

Vessels

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$

2,191.6

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$

785.5

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$

1,406.1

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$

1,653.5

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$

818.5

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$

835.0

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Containers and equipment

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572.3

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391.8

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180.5

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544.5

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378.8

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165.7

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Terminal facilities and other property

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119.8

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45.1

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74.7

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114.4

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41.3

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73.1

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Vessel construction in progress

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—

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—

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—

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488.9

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—

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488.9

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Other construction in progress

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28.6

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—

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28.6

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35.4

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—

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35.4

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Total

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$

2,912.3

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$

1,222.4

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$

1,689.9

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$

2,836.7

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$

1,238.6

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$

1,598.1

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​	​	​	​	​	​	​	​	​	​	​
​	​	Years Ended December 31,
(In millions)		2020			2019			2018
Depreciation expense	​	$	97.1	​	$	86.3	​	$	80.5	​

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X

- References

No definition available.

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X

- Definition

The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99893-112916

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=120429125&loc=SL120174063-112916

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 360
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120429125&loc=d3e99779-112916

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