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REPORTABLE SEGMENTS (Tables) | 12 Months Ended
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Dec. 31, 2021
REPORTABLE SEGMENTS |
Schedule of reportable segment information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31,
(In millions) |  | 2021 |  | 2020 |  | 2019
Operating Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation (1) | ​ | $ | 3,132.8 | ​ | $ | 1,853.9 | ​ | $ | 1,666.6
Logistics (2) | ​ |  | 792.5 | ​ |  | 529.4 | ​ |  | 536.5
Total Operating Revenue | ​ | $ | 3,925.3 | ​ | $ | 2,383.3 | ​ | $ | 2,203.1
Operating Income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation (3) | ​ | $ | 1,137.7 | ​ | $ | 244.8 | ​ | $ | 90.8
Logistics | ​ |  | 49.8 | ​ |  | 35.5 | ​ |  | 38.3
Total Operating Income | ​ |  | 1,187.5 | ​ |  | 280.3 | ​ |  | 129.1
Interest expense, net | ​ |  | (22.6) | ​ |  | (27.4) | ​ |  | (22.5)
Other income (expense), net | ​ |  | 6.4 | ​ |  | 6.1 | ​ |  | 1.2
Income before Income Taxes | ​ |  | 1,171.3 | ​ |  | 259.0 | ​ |  | 107.8
Income taxes | ​ |  | (243.9) | ​ |  | (65.9) | ​ |  | (25.1)
Net Income | ​ | $ | 927.4 | ​ | $ | 193.1 | ​ | $ | 82.7
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capital Expenditures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation | ​ | $ | 322.4 | ​ | $ | 190.0 | ​ | $ | 294.5
Logistics | ​ |  | 2.9 | ​ |  | 2.3 | ​ |  | 15.8
Total Capital Expenditures | ​ | $ | 325.3 | ​ | $ | 192.3 | ​ | $ | 310.3
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Depreciation and Amortization: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation | ​ | $ | 128.6 | ​ | $ | 107.4 | ​ | $ | 93.6
Logistics | ​ |  | 7.3 | ​ |  | 7.5 | ​ |  | 6.8
​ | ​ | ​ | 135.9 | ​ | ​ | 114.9 | ​ | ​ | 100.4
Deferred dry-docking amortization - Ocean Transportation | ​ | ​ | 24.3 | ​ | ​ | 25.1 | ​ | ​ | 34.3
Total Depreciation and Amortization | ​ | $ | 160.2 | ​ | $ | 140.0 | ​ | $ | 134.7
(1) | Ocean Transportation operating revenue excludes inter-segment revenue of $81.0 million, $59.1 million and $52.8 million for the years ended December 31, 2021, 2020 and 2019, respectively.
(2) | Logistics operating revenue excludes inter-segment revenue of $132.8 million, $56.4 million and $49.5 million for the years ended December 31, 2021, 2020 and 2019, respectively.
(3) | Ocean Transportation segment information includes $56.3 million, $26.3 million, and $20.8 million of equity in income from the Company’s equity investment in SSAT for the years ended December 31, 2021, 2020 and 2019, respectively.
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
(In millions) |  | 2021 |  | 2020
Identifiable Assets: | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation (1) | ​ | $ | 3,096.6 | ​ | $ | 2,431.1
Logistics | ​ |  | 596.5 | ​ |  | 469.5
Total Assets | ​ | $ | 3,693.1 | ​ | $ | 2,900.6
(1) | The Ocean Transportation segment includes $58.7 million and $48.7 million related to the Company’s equity investment in SSAT as of December 31, 2021 and 2020, 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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