Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Summary of fair values of assets and liabilities measured on a recurring basis

The following table provides a summary of the fair values of assets and liabilities measured on a recurring basis under the ASC on “Fair Value Measurements and Disclosures” (U.S. dollars in millions):

	Fair value measurements
	Foreign currency forward contracts, net asset
	September 30, 2016		January 1, 2016
Quoted prices in active markets for identical assets (Level 1)	$	—	$	—
Significant observable inputs (Level 2)	0.6		11.9
Significant unobservable inputs (Level 3)	—		—

Non-recurring fair value measurement

The fair value of the plantation of $0.3 million is classified as Level 3 of the fair value hierarchy due to the mix of unobservable inputs utilized.

	Fair value measurements for the nine months ended September 25, 2015
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Guatemala banana production assets held for sale	$	1.8	$	—	$	—	$	1.8
	$	1.8	$	—	$	—	$	1.8

The following is a tabular presentation of the non-recurring fair value measurements along with the level within the fair value hierarchy in which the fair value measurements in their entirety fall (U.S. dollars in millions):

	Fair value measurements for the nine months ended September 30, 2016
	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Underutilized assets in Central America	$	1.0	$	—	$	—	$	1.0
Philippines plantation conversion to pineapple	0.3		—		—		0.3
	$	1.3	$	—	$	—	$	1.3