Asset Impairment and Other Charges, Net

The following represents a summary of asset impairment and other charges, net recorded during the quarter and six months ended June 29, 2018 (U.S. dollars in millions):



	Quarter ended								Six months ended
	June 29, 2018								June 29, 2018
	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:
Philippine exit activities of certain low-yield areas	$	18.3	$	—			$	18.3	$	18.3	$	—				$	18.3
Other fresh produce segment:
Chile severance due to restructuring as a result of cost reduction initiatives	—		1.6				1.6		—		1.6					1.6
Acquisition costs related to Mann Packing	—		0.1		⁽¹	⁾	0.1		—		2.6			⁽¹	⁾	2.6
Sanger insurance recoveries due to inclement weather conditions	—		—				—		—		(0.9		)			(0.9		)
Other fresh produce segment charges	—		0.3				0.3		—		0.3					0.3
Total asset impairment and other charges, net	$	18.3	$	2.0			$	20.3	$	18.3	$	3.6				$	21.9

	Quarter ended								Six months ended
	June 30, 2017								June 30, 2017
	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:
Philippines floods	$	0.5	$	—			$	0.5	$	0.8	$	—				$	0.8
Chile floods	0.8		—				0.8		0.8		—					0.8
Underutilized assets in Central America	0.6		—				0.6		0.6		—					0.6
Other fresh produce segment:
Chile insurance proceeds on floods	—		—				—				(2.2		)			(2.2		)
Total asset impairment and other charges (credits), net	$	1.9	$	—			$	1.9	$	2.2	$	(2.2	)			$	—

(1) Acquisition costs relate to the Mann Packing Acquisition. Refer to Note 5, "Acquisition."

4. 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 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 2018 exit activity and other reserves (U.S. dollars in millions):



	Exit activity and other reserve balance at December 29, 2017		Impact to earnings		Cash paid			Foreign exchange impact		Exit activity and other reserve balance at June 29, 2018
Termination benefits	$	—	$	1.6	$	(1.6	)	$	—	$	—
Contract termination and other exit activity charges	0.3		—		(0.3		)	—		—
	$	0.3	$	1.6	$	(1.9	)	$	—	$	—

During the six months ended June 29, 2018, we paid approximately $1.6 million in termination benefits related to Chilean restructuring and $0.3 million in contract termination for the closure of distribution centers in Europe in previous periods. We expect additional charges related to Philippine and Chilean restructuring within a range of $2.0 million to $4.0 million for both termination benefits and contract termination costs within the next 12 months.