Asset Impairment and Other Charges, Net

The following represents a summary of asset impairment, exit activity and other charges (credits), net recorded during the quarters and nine months ended September 30, 2016 and September 25, 2015 (U.S. dollars in millions):



	Quarter ended						Nine months ended
	September 30, 2016						September 30, 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:
United Kingdom contract termination costs	$	—	$	0.7	$	0.7	$	—	$	0.7		$	0.7
Brazil exit activities due to drought conditions	2.2		0.2		2.4		2.2		0.2			2.4
Philippines plantation conversion to pineapple	—		—		—		2.5		—			2.5
Underutilized assets in Central America	0.6		—		0.6		1.2		—			1.2
Prepared food segment:
Poultry goodwill impairment due to underperformance	2.6		—		2.6		2.6		—			2.6
Other:
President/COO transition	—		18.7		18.7		—		18.7			18.7
Total asset impairment and other charges, net	$	5.4	$	19.6	$	25.0	$	8.5	$	19.6		$	28.1

	Quarter ended						Nine months ended
	September 25, 2015						September 25, 2015
	Long-lived and other asset impairment		Exit activity and other charges		Total		Long-lived and other asset impairment		Exit activity and other charges (credits)			Total
Banana segment:
Guatemala banana production assets held for sale	$	1.0	$	—	$	1.0	$	1.0	$	—		$	1.0
European Union Antitrust settlement gain	—		—		—		—		(0.8		)	(0.8		)
Other fresh produce segment:
Chile floods	—		0.5		0.5		1.2		0.8			2.0
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	$	1.0	$	0.5	$	1.5	$	2.4	$	—		$	2.4

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 September 30, 2016
Contract termination and other exit activity charges	$	1.1	$	0.9	$	(0.4	)	$	(0.1	)	$	1.5
	$	1.1	$	0.9	$	(0.4	)	$	(0.1	)	$	1.5

The exit activity and other reserve balances at September 30, 2016 include $1.3 million related to contract termination costs for an underutilized facility in the United Kingdom of which $0.7 million was included for the quarter and nine months ended September 30, 2016 and the remaining relates to previous periods. The exit activity and other reserve balances at September 30, 2016 also includes $0.2 million related to termination benefits for Brazil exit activities due to drought conditions. 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.