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Asset Impairment and Other Charges, Net
3 Months Ended
Mar. 27, 2015
Asset Impairment and Other Charges, Net [Abstract]  
Restructuring, Impairment, and Other Activities Disclosure
Asset Impairment and Other Charges, Net
 
The following represents a summary of asset impairment and other charges, net recorded during the quarters ended March 27, 2015 and March 28, 2014 (U.S. dollars in millions):

 
 
Quarter ended
 
Quarter ended
 
March 27, 2015
 
March 28, 2014
 
Long-lived
and other
asset
impairment (credits)
 
 
Exit activity
and other
charges
 
Total
 
Long-lived
and other
asset
impairment (credits)
 
 
Exit activity
and other
charges (credits)
 
Total
Banana segment:
 
 
 
 
 
 
 
 
 
 
 
Other banana segment charges

 

 
$

 

 
0.1

 
$
0.1

Other fresh produce segment:
 

 
 

 
 

 
 

 
 

 
 

Chile floods
1.2

 

 
$
1.2

 

 

 
$

Hawaii favorable settlement of litigation

 

 

 

 
(2.9
)
 
(2.9
)
Other fresh produce segment charges (credits)

 
(0.1
)

(0.1
)
 
0.3

 

 
0.3

Prepared food segment:
 
 
 
 
 
 
 
 
 
 
 
Other prepared food segment charges
0.2

 
0.1

 
0.3

 

 
0.4

 
0.4

Total asset impairment and other charges (credits), net
$
1.4

 
$

 
$
1.4

 
$
0.3

 
$
(2.4
)
 
$
(2.1
)

 
 
 
 
 
 
 
 
 
 
 
 

Exit Activity and Other Reserves

The following is a rollforward of 2015 exit activity and other reserves (U.S. dollars in millions):
 
 
Exit activity and
other reserve
balance at
December 26,
2014
 
Impact to
Earnings
 
Cash Paid
 
Foreign Exchange Impact
 
Exit activity and
other reserve
balance at
March 27,
2015
Termination benefits
$
0.1

 
$
0.1

 
$
(0.2
)
 
$

 
$

Contract termination and other exit activity charges
2.5

 

 
(0.4
)
 

 
2.1

 
$
2.6

 
$
0.1

 
$
(0.6
)
 
$

 
$
2.1



Exit activity and other reserve balances are included in accounts payable and accrued expenses at March 27, 2015. These amounts are contract termination costs primarily related to the underutilized facilities in the United Kingdom , both in the banana segment. We do not expect additional charges related to the exit and other activities mentioned above that would significantly impact our results of operations or financial condition.