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REPORTABLE SEGMENTS (Tables) | 6 Months Ended
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Jun. 30, 2023
REPORTABLE SEGMENTS |
Schedule of reportable segment financial information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
​ | ​ | June 30, | ​ | June 30,
(In millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Operating Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation (1) | ​ | $ | 616.9 | ​ | $ | 1,049.2 | ​ | $ | 1,167.9 | ​ | $ | 1,993.1
Logistics (2) | ​ |  | 156.5 | ​ |  | 211.9 | ​ |  | 310.3 | ​ |  | 433.5
Total Operating Revenue | ​ | $ | 773.4 | ​ | $ | 1,261.1 | ​ | $ | 1,478.2 | ​ | $ | 2,426.6
Operating Income: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ocean Transportation (3) | ​ | $ | 82.4 | ​ | $ | 470.0 | ​ | $ | 110.2 | ​ | $ | 886.2
Logistics | ​ |  | 14.3 | ​ |  | 23.1 | ​ |  | 25.2 | ​ |  | 39.5
Total Operating Income | ​ |  | 96.7 | ​ |  | 493.1 | ​ |  | 135.4 | ​ |  | 925.7
Interest income | ​ | ​ | 8.7 | ​ | ​ | — | ​ |  | 16.9 | ​ |  | —
Interest expense | ​ |  | (2.9) | ​ |  | (4.5) | ​ |  | (7.4) | ​ |  | (9.3)
Other income (expense), net | ​ |  | 1.8 | ​ |  | 1.8 | ​ |  | 3.6 | ​ |  | 3.8
Income before Taxes | ​ |  | 104.3 | ​ |  | 490.4 | ​ |  | 148.5 | ​ |  | 920.2
Income taxes | ​ |  | (23.5) | ​ |  | (109.7) | ​ |  | (33.7) | ​ |  | (200.3)
Net Income | ​ | $ | 80.8 | ​ | $ | 380.7 | ​ | $ | 114.8 | ​ | $ | 719.9
(1) | Ocean Transportation operating revenue excludes inter-segment revenue of $19.0 million and $24.0 million for the three months ended June 30, 2023 and 2022, and $35.1 million and $45.8 million for the six months ended June 30, 2023 and 2022, respectively.
(2) | Logistics operating revenue excludes inter-segment revenue of $35.4 million and $45.2 million for the three months ended June 30, 2023 and 2022, and $59.4 million and $96.6 million for the six months ended June 30, 2023 and 2022, respectively.
(3) | Ocean Transportation segment information includes $(1.4) million and $24.7 million of equity in income from the Company’s equity investment in SSAT for the three months ended June 30, 2023 and 2022, and $(3.2) million and $58.7 million for the six months ended June 30, 2023 and 2022, 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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