Asset Impairment and Other Charges, Net

The following represents a summary of asset impairment and exit activity and other charges (credits), net recorded during the quarters and six months ended July 1, 2016 and June 26, 2015 (U.S. dollars in millions):



	Quarter ended								Six months ended
	July 1, 2016								July 1, 2016
	Long-lived and other asset impairment		Exit activity and other charges			Total			Long-lived and other asset impairment		Exit activity and other charges			Total
Banana segment:
Philippines plantation conversion to pineapple	$	2.5	$	—		$	2.5		$	2.5	$	—		$	2.5
Underutilized assets in Central America	0.6		—			0.6			0.6		—			0.6
Total asset impairment and other charges, net	$	3.1	$	—		$	3.1		$	3.1	$	—		$	3.1

	Quarter ended								Six months ended
	June 26, 2015								June 26, 2015
	Long-lived and other asset impairment (credits)		Exit activity and other charges (credits)			Total			Long-lived and other asset impairment (credits)		Exit activity and other charges (credits)			Total
Banana segment:
European Union Antitrust settlement gain	$	—	$	(0.8	)	$	(0.8	)	$	—	$	(0.8	)	$	(0.8	)
Other fresh produce segment:
Chile floods	—		0.3			0.3			1.2		0.3			1.5
Other fresh produce segment credits	—		—			—			—		(0.1		)	(0.1		)
Prepared food segment:
Other prepared food segment charges	—		—			—			0.2		0.1			0.3
Total asset impairment and other charges (credits), net	$	—	$	(0.5	)	$	(0.5	)	$	1.4	$	(0.5	)	$	0.9

3. Asset Impairment and Other Charges, Net (continued)

Exit Activity and Other Reserves

Exit activity and other reserve balances are recorded in the Consolidated Balance Sheets included in accounts payable and accrued expenses, for the current portion and in other noncurrent liabilities for the noncurrent portion.

The following is a rollforward of 2016 exit activity and other reserves (U.S. dollars in millions):



	Exit activity and other reserve balance at January 1, 2016		Impact to earnings		Cash paid			Foreign exchange impact			Exit activity and other reserve balance at July 1, 2016
Contract termination and other exit activity charges	$	1.1	$	—	$	(0.3	)	$	(0.1	)	$	0.7
	$	1.1	$	—	$	(0.3	)	$	(0.1	)	$	0.7

The exit activity and other reserve balance at July 1, 2016 relates to contract termination costs for an underutilized facility in the United Kingdom in previous periods. 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.