XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2018
Jun. 30, 2017
Jun. 29, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 1,272.4 $ 1,147.1 $ 2,378.5 $ 2,179.5
Cost of products sold 1,194.1 1,023.9 2,193.7 1,957.2
Gross profit 78.3 123.2 184.8 222.3
Selling, general and administrative expenses 49.9 41.9 98.5 89.8
Gain on disposal of property, plant and equipment, net (5.7) (0.1) (5.9) (0.9)
Asset impairment and other charges, net 20.3 1.9 21.9 0.0
Operating income 13.8 79.5 70.3 133.4
Interest expense 6.1 1.6 9.8 3.0
Interest income (0.4) (0.2) (0.5) (0.3)
Other expense, net 7.3 0.5 10.7 0.6
Income before income taxes 0.8 77.6 50.3 130.1
Provision for income taxes 6.4 7.8 12.7 14.7
Net (loss) income (5.6) 69.8 37.6 115.4
Less: Net income (loss) attributable to redeemable and noncontrolling interests 2.3 0.6 4.0 (0.2)
Net (loss) income attributable to Fresh Del Monte Produce Inc. $ (7.9) $ 69.2 $ 33.6 $ 115.6
Net (loss) income per ordinary share attributable to Fresh Del Monte Produce Inc. - Basic (usd per share) $ (0.16) $ 1.37 $ 0.69 $ 2.27
Net (loss) income per ordinary share attributable to Fresh Del Monte Produce Inc. - Diluted (usd per share) (0.16) 1.36 0.69 2.25
Dividends declared per ordinary share (usd per share) $ 0.15 $ 0.15 $ 0.300 $ 0.3
Weighted average number of ordinary shares:        
Basic (Estimated) (shares) 48,753,227 50,572,056 48,767,411 50,895,738
Diluted (Estimated) (shares) 48,753,227 50,932,365 49,012,397 51,300,697