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Asset Impairment and Other Charges, Net
12 Months Ended
Dec. 30, 2016
Asset Impairment and Other Charges, Net [Abstract]  
Asset Impairment and Other Charges, Net
Asset Impairment and Other Charges, Net
 
We recorded asset impairment and other charges, net totaling $27.2 million for 2016, $3.4 million for 2015 and $11.2 million for 2014, which were the result of exit activities, asset impairments and other charges.
 
The following represents the detail of asset impairment and exit activity and other charges, net for the year ended December 30, 2016 by reportable segment (U.S. dollars in millions):
 
Long-lived
and other
asset
impairment
 
 
Exit activity
and other
charges (credits)
 
Total
Banana segment:
 
 
 
 
 
United Kingdom contract termination costs
$

 
$
0.7

 
$
0.7

Brazil exit activities due to drought conditions
2.2

 
0.2

 
2.4

Philippines plantation conversion to pineapple
2.5

 

 
2.5

Underutilized assets in Central America
1.2

 

 
1.2

Other fresh produce segment:
 

 
 

 
 

Charges related to previously announced closure of Hawaii including adjustment to accrued environmental liability, net of other charges

 
0.6

 
0.6

Other fresh produce segment charges in Brazil
0.1

 

 
0.1

Other:
 
 
 
 
 
Former President/COO transition

 
19.7

 
19.7

Total asset impairment and other charges, net
$
6.0

 
$
21.2

 
$
27.2




















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

The following represents the detail of asset impairment and exit activity and other charges, net for the year ended January 1, 2016 by reportable segment (U.S. dollars in millions):
 
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

European Union Antitrust settlement gain

 
(0.8
)
 
(0.8
)
United Kingdom contract termination on leased facilities

 
0.4

 
0.4

Other fresh produce segment:
 

 
 

 


Chile farm asset impairment due to adverse weather conditions
1.9

 
1.4

 
3.3

Adjustment of previously accrued environmental liability in Hawaii, net of other charges

 
(0.8
)
 
(0.8
)
Other fresh produce segment charges

 
0.1

 
0.1

Prepared food segment:
 
 
 
 

Other prepared food segment charges
0.2

 

 
0.2

Total asset impairment and other charges, net
$
3.1

 
$
0.3

 
$
3.4




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

The following represents the detail of asset impairment and exit activity charges (credits), net for the year ended December 26, 2014 by reportable segment (U.S. dollars in millions): 
 
Long-lived
and other
asset
impairment (credits)
 
 
Exit activity
and other
charges (credits)
 
Total
Banana segment:
 
 
 
 
 
Charges related to infringement of European Union competition rules by a former indirect subsidiary
$

 
$
8.8

 
$
8.8

Brazil termination of employee benefits due to decision to discontinue banana exports

 
1.4

 
1.4

United Kingdom contract termination on leased facilities

 
1.7

 
1.7

Germany impairment of under-performing banana ripening assets
0.5

 

 
0.5

Other fresh produce segment:
 

 
 

 


Chile farm asset impairment due to adverse weather conditions
1.3

 

 
1.3

Chile termination of employee benefits and asset impairment due to restructuring of plastic business
0.1

 
0.5

 
0.6

Hawaii favorable settlement of litigation

 
(2.9
)
 
(2.9
)
Intangible asset write-off
0.3

 

 
0.3

United Kingdom termination of employee benefits due to restructuring

 
0.1

 
0.1

Reversal of previously accrued environmental liability in Hawaii, net of other charges

 
(1.3
)
 
(1.3
)
Prepared food segment:
 
 
 
 


Termination of employee benefits due to restructuring in Germany and France

 
0.7

 
0.7

Total asset impairment and other charges, net
$
2.2

 
$
9.0

 
$
11.2



The following represents the roll forward of exit activity and other reserves for the year ended December 30, 2016 (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
December 30, 2016
Contract termination and other
exit activity charges
1.1

 
0.9

 
(0.9
)
 
(0.1
)
 
1.0

 
$
1.1

 
$
0.9

 
$
(0.9
)
 
$
(0.1
)
 
$
1.0


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

The exit activity and other reserve balance at December 30, 2016 includes $1.0 million related to contract termination costs for an underutilized facility in the United Kingdom of which charges of $0.7 million is included for the year ended December 30, 2016, $0.4 million in 2015 and $1.7 million in 2014. 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.