Matson (MATX) 10-Q 7 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2014
Document and Entity Information	'
Entity Registrant Name	'Matson, Inc.
Entity Central Index Key	'0000003453
Document Type	'10-Q
Document Period End Date	30-Sep-14
Amendment Flag	'false
Current Fiscal Year End Date	'--12-31
Entity Current Reporting Status	'Yes
Entity Filer Category	'Large Accelerated Filer
Entity Common Stock, Shares Outstanding	43,041,120
Document Fiscal Year Focus	'2014
Document Fiscal Period Focus	'Q3

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income and Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Operating Revenue:	'	'	'	'
Ocean transportation	$329.50	$310.10	$945.20	$920
Logistics	112.3	104.9	325.5	306.3
Total operating revenue	441.8	415	1,270.70	1,226.30
Costs and Expenses:	'	'	'	'
Operating costs	363.8	353.6	1,078.50	1,041.30
Equity in (income) loss of terminal joint venture	-3.1	2.4	-5.4	3
Selling, general and administrative	36.1	31.8	107	99.6
Total costs and expenses	396.8	387.8	1,180.10	1,143.90
Operating Income	45	27.2	90.6	82.4
Interest expense	-4.4	-3.6	-13	-10.9
Income before income taxes	40.6	23.6	77.6	71.5
Income tax expense	-19.1	-6.4	-34.6	-25.1
Net Income	21.5	17.2	43	46.4
Other Comprehensive Income (Loss), Net of Income Taxes:	'	'	'	'
Net Income	21.5	17.2	43	46.4
Other Comprehensive Income (Loss):	'	'	'	'
Net gain (loss) and prior service cost	'	'	'	-0.8
Amortization of prior service cost included in net periodic pension cost	-0.3	-0.3	-0.8	-1
Amortization of net loss included in net periodic pension cost	0.7	1.2	2.1	3.5
Foreign currency translation adjustment	0.3	0.1	0.2	-0.1
Total Other Comprehensive Income	0.7	1	1.5	1.6
Comprehensive Income	$22.20	$18.20	$44.50	$48
Basic Earnings Per Share (in dollars per share)	$0.50	$0.40	$1	$1.09
Diluted Earnings Per Share (in dollars per share)	$0.50	$0.40	$1	$1.08
Weighted Average Number of Shares Outstanding:	'	'	'	'
Basic (in shares)	43	42.8	43	42.7
Diluted (in shares)	43.4	43.3	43.3	43.1

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$230.90	$114.50
Accounts receivable, net	192.5	182.3
Deferred income taxes	9.2	9.1
Prepaid expenses and other assets	32.1	43
Total current assets	464.7	348.9
Investment in terminal joint venture	63.2	57.6
Property and equipment, net	706.3	735.4
Goodwill and intangible assets, net	30.3	31.2
Other long-term assets	96.3	75.2
Total assets	1,360.80	1,248.30
Current Liabilities:	'	'
Current portion of long-term debt	17.1	12.5
Accounts payable	126.8	124
Payroll and vacation benefits	15.5	16.9
Self-insured liabilities	19.6	15.1
Accrued and other liabilities	25.8	32.1
Total current liabilities	204.8	200.6
Long-term Liabilities:	'	'
Long-term debt	360.4	273.6
Deferred income taxes	324.1	326.1
Employee benefit plans	67.8	74.4
Self-insured claims and other liabilities	36.8	35.4
Total long-term liabilities	789.1	709.5
Commitments and Contingencies (Note 7)	'	'
Shareholders' Equity:	'	'
Capital stock	32.1	32.1
Additional paid in capital	267.4	261.9
Accumulated other comprehensive loss	-22	-23.5
Retained earnings	89.4	67.7
Total shareholders' equity	366.9	338.2
Total liabilities and shareholders' equity	$1,360.80	$1,248.30

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash Flows Provided by Operating Activities:	'	'
Net income	$43	$46.40
Reconciling adjustments:	'	'
Depreciation and amortization	52.5	52.1
Deferred income taxes	-2.9	43.9
Share-based compensation expense	5.6	4.3
Equity in (income) loss of terminal joint venture	-5.4	3
Other	-6.7	1.2
Changes in assets and liabilities:	'	'
Accounts receivable	-10.2	3.7
Deferred dry-docking payments	-12.5	-10.6
Deferred dry-docking amortization	16	17.1
Prepaid expenses and other assets	9.6	-23.8
Accounts payable and accrued liabilities	5.8	4.8
Other liabilities	1.3	-4.3
Net cash provided by operating activities	96.1	137.8
Cash Flows Used in Investing Activities:	'	'
Capital expenditures	-25.6	-19.7
Proceeds from disposal of property and equipment	3.6	4
Deposits into Capital Construction Fund	-31.9	-4.4
Withdrawals from Capital Construction Fund	4.4	4.4
Payments for acquisitions	'	-9.3
Net cash used in investing activities	-49.5	-25
Cash Flows Used in Financing Activities:	'	'
Proceeds from issuance of debt	100	21
Repayments of Debt	-8.6	-53.7
Proceeds from issuance of capital stock	1.6	3.2
Tax Withholding related to net share settlements of restricted stock units	-1.9	-1.5
Dividends paid	-21.3	-19.9
Net cash provided by (used in) financing activities	69.8	-50.9
Net increase in cash and cash equivalents	116.4	61.9
Cash and cash equivalents, beginning of the year	114.5	19.9
Cash and cash equivalents, end of the year	230.9	81.8
Supplemental Cash Flow Information:	'	'
Interest paid	10.6	8.9
Income tax paid	22.1	8.9
Non-cash Information:	'	'
Capital expenditures included in accounts payable and accrued liabilities	0.5	3
Capital lease obligations	'	$2.90

DESCRIPTION_OF_THE_BUSINESS

DESCRIPTION OF THE BUSINESS	9 Months Ended
	Sep. 30, 2014
DESCRIPTION OF THE BUSINESS	'
DESCRIPTION OF THE BUSINESS	'
	1.DESCRIPTION OF THE BUSINESS
	Matson, Inc., a holding company incorporated in January 2012, in the State of Hawaii, and its subsidiaries (“Matson” or the “Company”), is a leading provider of ocean transportation and logistics services.
	Ocean Transportation:  Matson’s ocean transportation business is conducted through Matson Navigation Company, Inc. (“MatNav”), a wholly-owned subsidiary of Matson, Inc.  Founded in 1882, MatNav is an asset-based business that provides a vital lifeline of ocean freight transportation services to the island economies of Hawaii, Guam, Micronesia, and various islands in the South Pacific. MatNav also operates a premium, expedited service from China to Long Beach, California.  In addition, a subsidiary of MatNav provides container stevedoring, container equipment maintenance and other terminal services for MatNav and other ocean carriers on the islands of Oahu, Hawaii, Maui and Kauai.
	The Company has a 35 percent ownership interest in SSA Terminals, LLC (“SSAT”) through a joint venture between Matson Ventures, Inc., a wholly-owned subsidiary of MatNav, and SSA Ventures, Inc. (“SSA”), a subsidiary of Carrix, Inc. (the “Terminal Joint Venture”).  SSAT provides terminal and stevedoring services to various carriers at six terminal facilities on the Pacific Coast of the United States of America (“U.S.”), including to MatNav at several of those facilities.  Matson records its share of income (loss) in the joint venture in operating costs in the Condensed Consolidated Statements of Income and Comprehensive Income, and within the ocean transportation segment due to the nature of SSAT’s operations.
	Logistics:  The Company’s logistics business is conducted through Matson Logistics, Inc. (“Matson Logistics” or “Logistics”), a wholly-owned subsidiary of MatNav.  Established in 1987, Matson Logistics is an asset-light business that provides multimodal transportation services, including domestic and international rail intermodal service (“Intermodal”); long-haul and regional highway brokerage, specialized hauling, flat-bed and project services, less-than-truckload services, and expedited freight services (collectively “Highway”); and warehousing and distribution services.

SIGNIFICANT_ACCOUNTING_POLICIE

SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2014
SIGNIFICANT ACCOUNTING POLICIES	'
SIGNIFICANT ACCOUNTING POLICIES	'
	2.SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation:  The condensed consolidated financial statements are unaudited.  Due to the nature of the Company’s operations, the results for interim periods are not necessarily indicative of results to be expected for the year.  These condensed consolidated financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for fair presentation of the results of the interim periods, and do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.  The condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report filed on Form 10-K for the year ended December 31, 2013.
	Fiscal Period:  The period end for Matson, Inc. is September 30.  The period end for MatNav occurred on the last Friday in September, except for Matson Logistics Warehousing for which the period closed on September 30.
	Significant Accounting Policies:  The Company’s significant accounting policies are described in Note 2 to the consolidated financial statements included in Item 8 of the Company’s Annual Report filed on Form 10-K for the year ended December 31, 2013.

CAPITAL_CONSTRUCTION_FUND

CAPITAL CONSTRUCTION FUND	9 Months Ended
	Sep. 30, 2014
CAPITAL CONSTRUCTION FUND	'
CAPITAL CONSTRUCTION FUND	'
	3.CAPITAL CONSTRUCTION FUND
	During the three-months ended September 30, 2014, the Company made an additional deposit of $65.5 million to its Capital Construction Fund (“CCF”), comprising a cash deposit of $27.5 million and the assignment of an additional $38.0 million of undivided interest in eligible accounts receivable.  The cash deposit of $27.5 million is included in other long-term assets, while the accounts receivable that have been assigned to the CCF continue to be classified as accounts receivable in the Condensed Consolidated Balance Sheets.  As of September 30, 2014 and December 31, 2013, the Company had assigned to the CCF $150.5 million and $112.0 million of eligible accounts receivable, respectively.  In addition, cash on deposit in the CCF was $27.5 million at September 30, 2014.  There was no cash on deposit in the CCF at December 31, 2013.
	The CCF is described in Note 7 to the consolidated financial statements included in Item 8 of the Company’s Annual Report filed on Form 10-K for the year ended December 31, 2013.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2014
DEBT	'
DEBT	'
	4.DEBT
	At September 30, 2014 and December 31, 2013, the Company’s debt consisted of the following (in millions):
		September			December
		2014			2013
	Term Notes:
	5.79%, payable through 2020	$	42		$	45.5
	3.66%, payable through 2023	77.5			77.5
	4.16%, payable through 2027	55			55
	4.31%, payable through 2032	37.5			37.5
	4.35%, payable through 2044	100			—
	Title XI Bonds:
	5.34%, payable through 2028	30.8			33
	5.27%, payable through 2029	33			35.2
	Capital leases	1.7			2.4
	Total debt	377.5			286.1
	Less current portion	(17.1		)	(12.5		)
	Total long-term debt	$	360.4		$	273.6
	In January 2014, the Company issued $100 million of 30-year senior unsecured notes (the “Notes”).  The Notes have a weighted average life of 14.5 years and bear interest at a rate of 4.35 percent, payable semi-annually.  The proceeds are expected to be used for general corporate purposes.  The Notes will begin to mature in 2021, with annual principal payments of $5.0 million in 2021, $7.5 million in 2022 and 2023, $10.0 million from 2024 to 2027, and $8.0 million in 2028.  Starting in 2029, and in each year thereafter until 2044, annual principal payments will be $2.0 million.

PENSION_AND_POSTRETIREMENT_PLA

PENSION AND POST-RETIREMENT PLANS	9 Months Ended
	Sep. 30, 2014
PENSION AND POST-RETIREMENT PLANS	'
PENSION AND POST-RETIREMENT PLANS	'
	5.PENSION AND POST-RETIREMENT PLANS
	The Company sponsors qualified defined-benefit pension and post-retirement plans (collectively, the “Plans”).  The following table provides the components of net periodic benefit cost for the Plans for the nine-month periods ended September 30, 2014 and 2013 (in millions):
		Pension Benefits						Post-retirement Benefits
		September 30						September 30
		2014			2013			2014		2013
	Service cost	$	2.5		$	2.1		$	0.8	$	0.8
	Interest cost	7.1			6.5			1.9		1.6
	Expected return on plan assets	(10.5		)	(8.9		)	—		—
	Amortization of net loss	2.3			5.1			0.4		0.2
	Amortization of prior service cost	(1.7		)	(1.7		)	—		—
	Net periodic benefit cost	$	(0.3	)	$	3.1		$	3.1	$	2.6
	As of September 30, 2014, the Company had paid its expected total cash contributions for the year to its defined benefit pension plans of approximately $6.5 million.

SHAREBASED_COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2014
SHARE-BASED COMPENSATION	'
SHARE-BASED COMPENSATION	'
	6.SHARE-BASED COMPENSATION
	During the three and nine-month periods ended September 30, 2014, the Company granted 557 and 350,550 in total of time-based and performance-based shares to certain of its employees at a weighted-average grant date fair value of $26.97 and $23.59, respectively.  The number of performance shares awarded represents the maximum that can be earned, and will ultimately depend on the Company’s performance.
	Total stock-based compensation cost recognized in the Condensed Consolidated Financial Statements of Income and Comprehensive Income as a component of selling, general and administrative costs was $1.9 million and $1.5 million for the three-month periods ended September 30, 2014 and 2013, and $5.6 million and $4.3 million for the nine-month periods ended September 30, 2014 and 2013, respectively.  Total unrecognized compensation cost related to unvested share-based compensation arrangements was $10.8 million at September 30, 2014, and is expected to be recognized over a weighted-average period of 1.8 years.  Total unrecognized compensation cost may be adjusted for any unearned performance shares or forfeited shares.

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Sep. 30, 2014
CONTINGENCIES	'
CONTINGENCIES	'
	7.CONTINGENCIES
	Employee Matters:  The Company and SSAT are members of the Pacific Maritime Association (“PMA”), which on behalf of its members, negotiates collective bargaining agreements with the International Longshore and Warehouse Union (“ILWU”) on the U.S. Pacific Coast.  The PMA/ILWU collective bargaining agreements, which cover substantially all U.S. Pacific Coast longshore labor, expired on July 1, 2014.  The Company also has collective bargaining agreements with ILWU longshore labor in Hawaii and ILWU office clerical workers in Honolulu and Oakland, each of which expired on June 30, 2014.  Although PMA’s and Matson’s collective bargaining agreements have expired, the parties announced a tentative agreement on health benefits in late August; however, the industry is currently facing work slowdowns in the Pacific Northwest ports of Seattle and Tacoma. To date, Matson’s operations have not been significantly impacted, but SSAT’s productivity has been negatively impacted by these work slowdowns. No assurance can be given that these slowdowns will not continue or expand, or a different disruption will not occur, and if a significant disruption were to occur, this would have a material impact on the Company’s financial position, results of operations, or cash flows.
	Environmental Matter: Molasses was released into Honolulu Harbor from a pipeline system operated by a subsidiary of the Company in September 2013.  The Company is cooperating with federal and state agencies involved in responding to and investigating the incident.  On September 20, 2013, the Hawaii Department of Health (“DOH”) and other responding governmental agencies announced that they had officially transitioned their role from a response phase to a recovery and restoration phase.  The DOH also reported on September 20, 2013 that dissolved oxygen and pH levels in the harbor and nearby Keehi Lagoon had returned to normal target levels and that there was no longer discoloration of the water in those same areas attributable to the molasses release.  Keehi Lagoon was reopened to the public on September 21, 2013.
	On October 10, 2013, the Company was served with a federal grand jury subpoena seeking documents in connection with a criminal investigation into the release of molasses into Honolulu Harbor.  In addition, in April 2014, the Company received two subpoenas from the Hawaii Attorney General and written requests for information regarding the release from the following governmental agencies:  (i) the DOH; (ii) the State of Hawaii Office of Hawaiian Affairs; and (iii) the U.S. Environmental Protection Agency (Region IX).
	On October 21, 2014, the U.S. Attorney for the District of Hawaii (the “U.S. Attorney”) filed an Information with the U.S. District Court for the District of Hawaii (the “Court”) charging Matson Terminals, Inc. (“MTI”), the subsidiary of the Company that operated the pipeline, with two misdemeanor violations of Section 407 of the Rivers and Harbors Act of 1899 (the “Refuse Act”) arising from the molasses release.  The U.S. Attorney also filed a Memorandum of Plea Agreement (the “Plea Agreement”), subject to the approval of the Court, to resolve federal criminal charges arising from the molasses release.  Pursuant to the Plea Agreement, MTI agreed to plead guilty to the two violations of the Refuse Act and to pay a penalty of $1 million, comprising a $400,000 fine and community service payments of $600,000.  On October 24, 2014, MTI entered a guilty plea in the Court.  The Court ordered a Pre-Sentence Report from the U.S. Probation Office and sentencing is set for January 29, 2015.  The Company has included the $1 million penalty in accrued and other liabilities in the Condensed Consolidated Balance Sheet at September 30, 2014.
	As a result of the guilty plea, the U.S. government could seek to debar MTI and its affiliates from obtaining future U.S. government contracts.  To date, the U.S. government has not indicated that it intends to take such action, and the Company is working with the appropriate U.S. government officials in an effort to avoid such an outcome.
	Furthermore, the Company has not yet resolved any potential civil claims by the governmental agencies arising out of the molasses release.  However, except with respect to the matters discussed above, government agencies have not initiated any legal actions in connection with the release of molasses.  Therefore, the Company is not able to estimate the future costs, penalties, damages or expenses that it may incur related to the incident.  As a result, at this time no assurance can be given that the impact of the incident on the Company’s financial position, results of operations, or cash flows will not be material. The Company continues to respond to governmental requests for information, and is engaging in dialogue with governmental agencies in order to reasonably resolve these matters.
	In addition to the molasses release discussed above, the Company’s shipping business has certain other risks that could result in expenditures for environmental remediation.  The Company believes that based on all information available to it, the Company is currently in compliance, in all material respects, with applicable environmental laws and regulations.
	Other Legal Matters:  On June 10, 2013, the Company was served with a complaint filed in the United States District Court for the Central District of California by an individual plaintiff as relator on behalf of the United States asserting claims against the Company and certain other ocean carriers and freight forwarders for violations of the False Claims Act.  The case is entitled United States of America, ex rel. Mario Rizzo v. Horizon Lines, LLC et al.  On February 23, 2014, Matson’s Board of Directors approved a settlement of $9.0 million in full settlement of all claims, and $0.95 million for plaintiff’s legal expenses.  On July 17, 2014, the settlement was approved by the United States Government, and the Company paid the settlement amount.  On July 22, 2014, the case was dismissed with prejudice by the District Court.  The amount of the settlement was included in accrued and other liabilities in the Condensed Consolidated Balance Sheet at December 31, 2013.
	The Company and its subsidiaries are parties to, or may be contingently liable in connection with other legal actions arising in the normal course of their businesses, the outcomes of which, in the opinion of management after consultation with counsel, would not have a material effect on the Company’s financial condition, results of operations, or cash flows.

EARNINGS_PER_SHARE_EPS

EARNINGS PER SHARE ("EPS")	9 Months Ended
	Sep. 30, 2014
EARNINGS PER SHARE ("EPS")	'
EARNINGS PER SHARE ("EPS")	'
	8.EARNINGS PER SHARE
	The number of shares used to compute basic and diluted earnings per share for the three and nine-month periods ended September 30, 2014 and 2013, is as follows (in millions, except per share data):
		Three-Months Ended September 30, 2014					Three-Months Ended September 30, 2013
				Weighted	Per				Weighted	Per
				Average	Common				Average	Common
		Net		Common	Share		Net		Common	Share
		Income		Shares	Amount		Income		Shares	Amount
	Basic:	$	21.5	43.0	$	0.50	$	17.2	42.8	$	0.40
	Effect of dilutive restricted stock units and stock options			0.4	—				0.5	—
	Diluted:	$	21.5	43.4	$	0.50	$	17.2	43.3	$	0.40
		Nine-Months Ended September 30, 2014					Nine-Months Ended September 30, 2013
				Weighted	Per				Weighted	Per
				Average	Common				Average	Common
		Net		Common	Share		Net		Common	Share
		Income		Shares	Amount		Income		Shares	Amount
	Basic:	$	43.0	43.0	$	1.00	$	46.4	42.7	$	1.09
	Effect of dilutive restricted stock units and stock options			0.3	—				0.4	—
	Diluted:	$	43.0	43.3	$	1.00	$	46.4	43.1	$	1.08
	Basic earnings per share are determined by dividing net income by the weighted-average common shares outstanding during the period.  The calculation of diluted earnings per share includes the dilutive effect of unexercised non-qualified stock options and non-vested restricted stock units.
	The computation of weighted average dilutive shares outstanding excludes certain non-qualified stock options to purchase shares of common stock where the options’ exercise prices were greater than the average market price of the Company’s common stock for the periods presented and, therefore, the effect would be anti-dilutive.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2014
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	9.FAIR VALUE MEASUREMENTS
	The Company values its financial instruments based on the fair value hierarchy of valuation techniques for fair value measurements.  Level 1 inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date.  Level 2 inputs include quoted prices for similar assets and liabilities in active markets and inputs other than quoted prices observable for the asset or liability.  Level 3 inputs are unobservable inputs for the asset or liability.  If the technique used to measure fair value includes inputs from multiple levels of the fair value hierarchy, the lowest level of significant input determines the placement of the entire fair value measurement in the hierarchy.
	The Company uses Level 1 inputs for the fair values of its cash equivalents and Level 2 inputs for its long-term debt.  The fair values of cash and cash equivalents, receivables and short-term borrowings approximate their carrying values due to the short-term nature of the instruments.  The fair value of the Company’s debt is calculated based upon interest rates available for debt with terms and maturities similar to the Company’s existing debt arrangements.
	The carrying value and fair value of the Company’s financial instruments as of September 30, 2014 and December 31, 2013 are as follows (in millions):
		Carrying Value at		Fair Value Measurements at September 30, 2014
		September 30,
		2014
	(in millions)	Total		Total		Quoted		Significant		Significant
						Prices in		Observable		Unobservable
						Active		Inputs		Inputs (Level 3)
						Markets		(Level 2)
						(Level 1)
	Cash and cash equivalents	$	230.9	$	230.9	$	230.9	$	—	$	—
	Accounts receivable, net	192.5		192.5		—		192.5		—
	Fixed rate debt	377.5		393.5		—		393.5		—
		Carrying Value at		Fair Value Measurements at December 31, 2013
		December 31,
		2013
	(in millions)	Total		Total		Quoted		Significant		Significant
						Prices in		Observable		Unobservable
						Active		Inputs		Inputs (Level 3)
						Markets		(Level 2)
						(Level 1)
	Cash and cash equivalents	$	114.5	$	114.5	$	114.5	$	—	$	—
	Accounts receivable, net	182.3		182.3		—		182.3		—
	Fixed rate debt	286.1		292.7		—		292.7		—

REPORTABLE_SEGMENTS

REPORTABLE SEGMENTS	9 Months Ended
	Sep. 30, 2014
REPORTABLE SEGMENTS	'
REPORTABLE SEGMENTS	'
	10.REPORTABLE SEGMENTS
	The Company consists of two segments, ocean transportation and logistics, which are further described in Note 1.  Reportable segments are measured based on operating income, exclusive of interest expense and income taxes.  In arrangements where the customer purchases ocean transportation and logistics services, the revenues are allocated to each reportable segment based upon the contractual amounts for each type of service.
	Segment results for the three and nine-month periods ended September 30, 2014 and 2013 were as follows (in millions):
		Three-Months Ended						Nine-Months Ended
		September 30						September 30
		2014			2013			2014			2013
	Revenue:
	Ocean transportation	$	329.5		$	310.1		$	945.2		$	920
	Logistics	112.3			104.9			325.5			306.3
	Total revenue	$	441.8		$	415		$	1,270.70		$	1,226.30
	Operating Income:
	Ocean transportation	$	42.6		$	25.5		$	84.8		$	78.3
	Logistics	2.4			1.7			5.8			4.1
	Total operating income	45			27.2			90.6			82.4
	Interest expense, net	(4.4		)	(3.6		)	(13.0		)	(10.9		)
	Income before income taxes	40.6			23.6			77.6			71.5
	Income taxes	(19.1		)	(6.4		)	(34.6		)	(25.1		)
	Net income	$	21.5		$	17.2		$	43		$	46.4

SIGNIFICANT_ACCOUNTING_POLICIE1

SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2014
SIGNIFICANT ACCOUNTING POLICIES	'
Basis of Presentation	'
	Basis of Presentation:  The condensed consolidated financial statements are unaudited.  Due to the nature of the Company’s operations, the results for interim periods are not necessarily indicative of results to be expected for the year.  These condensed consolidated financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for fair presentation of the results of the interim periods, and do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.  The condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report filed on Form 10-K for the year ended December 31, 2013.
Fiscal Period	'
	Fiscal Period:  The period end for Matson, Inc. is September 30.  The period end for MatNav occurred on the last Friday in September, except for Matson Logistics Warehousing for which the period closed on September 30.
Significant Accounting Policies	'
	Significant Accounting Policies:  The Company’s significant accounting policies are described in Note 2 to the consolidated financial statements included in Item 8 of the Company’s Annual Report filed on Form 10-K for the year ended December 31, 2013.

DEBT_Tables

DEBT (Tables)	9 Months Ended
	Sep. 30, 2014
DEBT	'
Schedule of long-term debt	'
	At September 30, 2014 and December 31, 2013, the Company’s debt consisted of the following (in millions):
		September			December
		2014			2013
	Term Notes:
	5.79%, payable through 2020	$	42		$	45.5
	3.66%, payable through 2023	77.5			77.5
	4.16%, payable through 2027	55			55
	4.31%, payable through 2032	37.5			37.5
	4.35%, payable through 2044	100			—
	Title XI Bonds:
	5.34%, payable through 2028	30.8			33
	5.27%, payable through 2029	33			35.2
	Capital leases	1.7			2.4
	Total debt	377.5			286.1
	Less current portion	(17.1		)	(12.5		)
	Total long-term debt	$	360.4		$	273.6

PENSION_AND_POSTRETIREMENT_PLA1

PENSION AND POST-RETIREMENT PLANS (Tables)	9 Months Ended
	Sep. 30, 2014
PENSION AND POST-RETIREMENT PLANS	'
Components of Net Periodic Benefit Cost	'
	The following table provides the components of net periodic benefit cost for the Plans for the nine-month periods ended September 30, 2014 and 2013 (in millions):
		Pension Benefits						Post-retirement Benefits
		September 30						September 30
		2014			2013			2014		2013
	Service cost	$	2.5		$	2.1		$	0.8	$	0.8
	Interest cost	7.1			6.5			1.9		1.6
	Expected return on plan assets	(10.5		)	(8.9		)	—		—
	Amortization of net loss	2.3			5.1			0.4		0.2
	Amortization of prior service cost	(1.7		)	(1.7		)	—		—
	Net periodic benefit cost	$	(0.3	)	$	3.1		$	3.1	$	2.6

EARNINGS_PER_SHARE_EPS_Tables

EARNINGS PER SHARE ("EPS") (Tables)	9 Months Ended
	Sep. 30, 2014
EARNINGS PER SHARE ("EPS")	'
Schedule of Basic and Diluted Earnings Per Share	'
	The number of shares used to compute basic and diluted earnings per share for the three and nine-month periods ended September 30, 2014 and 2013, is as follows (in millions, except per share data):
		Three-Months Ended September 30, 2014					Three-Months Ended September 30, 2013
				Weighted	Per				Weighted	Per
				Average	Common				Average	Common
		Net		Common	Share		Net		Common	Share
		Income		Shares	Amount		Income		Shares	Amount
	Basic:	$	21.5	43.0	$	0.50	$	17.2	42.8	$	0.40
	Effect of dilutive restricted stock units and stock options			0.4	—				0.5	—
	Diluted:	$	21.5	43.4	$	0.50	$	17.2	43.3	$	0.40
		Nine-Months Ended September 30, 2014					Nine-Months Ended September 30, 2013
				Weighted	Per				Weighted	Per
				Average	Common				Average	Common
		Net		Common	Share		Net		Common	Share
		Income		Shares	Amount		Income		Shares	Amount
	Basic:	$	43.0	43.0	$	1.00	$	46.4	42.7	$	1.09
	Effect of dilutive restricted stock units and stock options			0.3	—				0.4	—
	Diluted:	$	43.0	43.3	$	1.00	$	46.4	43.1	$	1.08

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
FAIR VALUE MEASUREMENTS	'
Schedule of fair value measurement	'
		Carrying Value at		Fair Value Measurements at September 30, 2014
		September 30,
		2014
	(in millions)	Total		Total		Quoted		Significant		Significant
						Prices in		Observable		Unobservable
						Active		Inputs		Inputs (Level 3)
						Markets		(Level 2)
						(Level 1)
	Cash and cash equivalents	$	230.9	$	230.9	$	230.9	$	—	$	—
	Accounts receivable, net	192.5		192.5		—		192.5		—
	Fixed rate debt	377.5		393.5		—		393.5		—
		Carrying Value at		Fair Value Measurements at December 31, 2013
		December 31,
		2013
	(in millions)	Total		Total		Quoted		Significant		Significant
						Prices in		Observable		Unobservable
						Active		Inputs		Inputs (Level 3)
						Markets		(Level 2)
						(Level 1)
	Cash and cash equivalents	$	114.5	$	114.5	$	114.5	$	—	$	—
	Accounts receivable, net	182.3		182.3		—		182.3		—
	Fixed rate debt	286.1		292.7		—		292.7		—

REPORTABLE_SEGMENTS_Tables

REPORTABLE SEGMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
REPORTABLE SEGMENTS	'
Reportable Segment results	'
	Segment results for the three and nine-month periods ended September 30, 2014 and 2013 were as follows (in millions):
		Three-Months Ended						Nine-Months Ended
		September 30						September 30
		2014			2013			2014			2013
	Revenue:
	Ocean transportation	$	329.5		$	310.1		$	945.2		$	920
	Logistics	112.3			104.9			325.5			306.3
	Total revenue	$	441.8		$	415		$	1,270.70		$	1,226.30
	Operating Income:
	Ocean transportation	$	42.6		$	25.5		$	84.8		$	78.3
	Logistics	2.4			1.7			5.8			4.1
	Total operating income	45			27.2			90.6			82.4
	Interest expense, net	(4.4		)	(3.6		)	(13.0		)	(10.9		)
	Income before income taxes	40.6			23.6			77.6			71.5
	Income taxes	(19.1		)	(6.4		)	(34.6		)	(25.1		)
	Net income	$	21.5		$	17.2		$	43		$	46.4

DESCRIPTION_OF_THE_BUSINESS_De

DESCRIPTION OF THE BUSINESS (Details) (Ocean Transportation Segment [Member], Ssa Terminals Llc [Member])	9 Months Ended
	Sep. 30, 2014
	facility
Ocean Transportation Segment [Member] | Ssa Terminals Llc [Member]	'
DESCRIPTION OF THE BUSINESS	'
Ownership interest in SSAT (as a percent)	35.00%
Number of terminal facilities on which SSAT provides terminal and stevedoring services to Matnav and numerous carriers	6

CAPITAL_CONSTRUCTION_FUND_Deta

CAPITAL CONSTRUCTION FUND (Details) (USD $)	3 Months Ended	9 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
CAPITAL CONSTRUCTION FUND	'	'	'	'
Deposits into Capital Construction Fund	$65.50	$31.90	$4.40	'
Cash Deposits Into Capital Construction Fund	27.5	'	'	0
Eligible accounts receivable assigned to the Capital Construction Fund	38	'	'	'
Eligible accounts receivable assigned to the CCF	$150.50	$150.50	'	$112

DEBT_Details

DEBT (Details) (USD $)

Sep. 30, 2014

Dec. 31, 2013

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Jan. 31, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Jan. 31, 2014

In Millions, unless otherwise specified

Debt Instrument Redemption 2021

Debt Instrument Redemption 2022 and 2023

Debt Instrument Redemption 2024 to 2027

Debt Instrument Redemption 2028

Debt Instrument Redemption 2029 and thereafter until 2044

Term Loans Payable5.79 Percent Through2020

Term Loans Payable5.79 Percent Through2020

Term Loans Payable3.66 Percent Through2023

Term Loans Payable3.66 Percent Through2023

Term Loans Payable4.16 Percent Through2027

Term Loans Payable4.16 Percent Through2027

Term Loans Payable4.31 Percent Through2032

Term Loans Payable4.31 Percent Through2032

Term Loans Payable4.35 Percent Through2044

Secured Bonds Payable5.34 Percent Through2028

Secured Bonds Payable5.34 Percent Through2028

Secured Bonds Payable5.27 Percent Through2029

Secured Bonds Payable5.27 Percent Through2029

Term Notes Payable4.35 Percent Through2044

Senior Unsecured Long Term Debt

Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Capital leases

$1.70

$2.40

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt, Total

377.5

286.1

'

'

'

'

'

42

45.5

77.5

77.5

55

55

37.5

37.5

100

30.8

33

33

35.2

'

'

Less current portion

-17.1

-12.5

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total long-term debt

360.4

273.6

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate (as a percent)

'

'

'

'

'

'

'

5.79%

5.79%

3.66%

3.66%

4.16%

4.16%

4.31%

4.31%

4.35%

5.34%

5.34%

5.27%

5.27%

'

4.35%

Debt issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100

Debt instrument term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'30 years

Weighted average period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'14 years 6 months

'

Annual principal payments

'

'

$5

$7.50

$10

$8

$2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

PENSION_AND_POSTRETIREMENT_PLA2

PENSION AND POST-RETIREMENT PLANS (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Qualified Pension Plans	'	'
Components of Net Periodic Benefit Cost	'	'
Service cost	$2.50	$2.10
Interest cost	7.1	6.5
Expected return on plan assets	-10.5	-8.9
Amortization of net loss	2.3	5.1
Amortization of prior service cost	-1.7	-1.7
Net periodic benefit cost	-0.3	3.1
Full year cash contributions to pension plan	6.5	'
Postretirement Benefit Plans	'	'
Components of Net Periodic Benefit Cost	'	'
Service cost	0.8	0.8
Interest cost	1.9	1.6
Amortization of net loss	0.4	0.2
Net periodic benefit cost	$3.10	$2.60

SHAREBASED_COMPENSATION_Detail

SHARE-BASED COMPENSATION (Details) (Time Based And Performance Based Shares [Member], Employee [Member], USD $)	3 Months Ended		9 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Time Based And Performance Based Shares [Member] | Employee [Member]	'	'	'	'
Share-based compensation	'	'	'	'
Shares granted	557	'	350,550	'
Weighted average grant date fair value (in dollars per share)	$26.97	'	$23.59	'
Total stock-based compensation cost	$1.90	$1.50	$5.60	$4.30
Total unrecognized compensation cost	$10.80	'	$10.80	'
Unrecognized compensation cost weighted-average period	'	'	'1 year 9 months 18 days	'

CONTINGENCIES_Details

CONTINGENCIES (Details) (USD $)	0 Months Ended
	Feb. 23, 2014	Apr. 30, 2014	Oct. 31, 2014
		item	Subsequent Event [Member]
			item
Environmental Matters	'	'	'
Number of subpoenas received from the Hawaii Attorney General	'	2	'
Number of counts of violating the refuse act accepted	'	'	2
Penalty payment	'	'	$1,000,000
Penalty payment in the form of a fine	'	'	400,000
Penalty payment in the form of a community service payment	'	'	600,000
Other Legal Matters	'	'	'
Settlement amount of all claims	9,000,000	'	'
Plaintiff's legal expenses	$950,000	'	'

EARNINGS_PER_SHARE_EPS_Details

EARNINGS PER SHARE ("EPS") (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net Income	'	'	'	'
Net Income, Basic	$21.50	$17.20	$43	$46.40
Net Income, Diluted	$21.50	$17.20	$43	$46.40
Weighted Average Common Shares	'	'	'	'
Basic (in shares)	43	42.8	43	42.7
Effect of Dilutive Securities (in shares)	0.4	0.5	0.3	0.4
Diluted (in shares)	43.4	43.3	43.3	43.1
Per Common Share Amount, Basic	'	'	'	'
Net income (in dollars per share)	$0.50	$0.40	$1	$1.09
Per Common Share Amount, Diluted	'	'	'	'
Net income (in dollars per share)	$0.50	$0.40	$1	$1.08

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Carrying Reported Amount Fair Value Disclosure [Member]	'	'
Fair value of financial instruments	'	'
Cash and cash equivalents	$230.90	$114.50
Accounts receivable, net	192.5	182.3
Fixed rate debt	377.5	286.1
Estimate Of Fair Value Fair Value Disclosure [Member]	'	'
Fair value of financial instruments	'	'
Cash and cash equivalents	230.9	114.5
Accounts receivable, net	192.5	182.3
Fixed rate debt	393.5	292.7
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level1 [Member]	'	'
Fair value of financial instruments	'	'
Cash and cash equivalents	230.9	114.5
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level2 [Member]	'	'
Fair value of financial instruments	'	'
Accounts receivable, net	192.5	182.3
Fixed rate debt	$393.50	$292.70

REPORTABLE_SEGMENTS_Details

REPORTABLE SEGMENTS (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
	segment
Segment results	'	'	'	'
Number of segments	2	'	'	'
Revenue	$441.80	$415	$1,270.70	$1,226.30
Operating income	45	27.2	90.6	82.4
Interest expense, net	-4.4	-3.6	-13	-10.9
Income before income taxes	40.6	23.6	77.6	71.5
Income taxes	-19.1	-6.4	-34.6	-25.1
Net Income	21.5	17.2	43	46.4
Ocean Transportation Segment [Member]	'	'	'	'
Segment results	'	'	'	'
Revenue	329.5	310.1	945.2	920
Operating income	42.6	25.5	84.8	78.3
Logistics Services Segment [Member]	'	'	'	'
Segment results	'	'	'	'
Revenue	112.3	104.9	325.5	306.3
Operating income	$2.40	$1.70	$5.80	$4.10