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Acquisitions (Tables)
 9 Months Ended
Sep. 28, 2018
Business Combinations [Abstract]  
Schedule of business acquisition
The following table summarizes the preliminary estimated fair values of the net assets acquired and liabilities assumed at the date of the acquisition:

 
As Previously Reported
 
Adjustments
 
As Adjusted
Assets acquired
 
 
 
 
 
Current assets:
 
 
 
 
 
Cash and cash equivalents
$
0.1

 
$
—

 
$
0.1

Trade accounts receivable, net of allowance
39.4

 
—

 
39.4

Other accounts receivable, net of allowance
1.2

 
2.8

 
4.0

Inventories, net
21.1

 
(0.2
)
 
20.9

Prepaid expenses and other current assets
2.1

 
—

 
2.1

Total current assets
63.9

 
2.6

 
66.5

 
 
 
 
 
 
Property, plant and equipment, net
70.2

 
26.9

 
97.1

Definite-lived intangible assets, net
—

 
135.9

 
135.9

Goodwill
328.8

 
(168.9
)
 
159.9

Total assets acquired
$
462.9

 
$
(3.5
)
 
$
459.4

Liabilities assumed
 
 
 
 
 

Current liabilities:
 
 
 
 
 

Accounts payable and accrued expenses
50.9

 
(2.0
)
 
$
48.9

Total liabilities assumed
$
50.9

 
$
(2.0
)
 
$
48.9

 
 
 
 
 
 
Less: Redeemable noncontrolling interest
39.1

 
—

 
39.1

 
 
 
 
 
 
Net assets acquired
$
372.9

 
$
(1.5
)
 
$
371.4
Schedule of pro forma information
Our consolidated results include the following unaudited financial information of Mann Packing:

 
Quarter ended September 28, 2018
 
Period from February 27, 2018 to September 28, 2018
Net sales
$
142.5

 
$
339.9

Net (loss) income attributable to
Fresh Del Monte Produce, Inc.
$
(5.2
)
 
$
(1.7
)

The following unaudited pro forma combined financial information presents our results including Mann Packing as if the business combination had occurred at the beginning of fiscal year 2017:

 
Quarter ended
 
Nine months ended
 
 
September 28,
2018
 
September 29,
2017
 
September 28,
2018
 
September 29,
2017
 
Net sales
$
1,069.5

 
$
1,087.5

 
$
3,527.0

 
$
3,537.9

 
 
 
 
 
 
 
 
 
 
Net (loss) income attributable to
Fresh Del Monte Produce, Inc.
$
(21.5
)

$
15.1

(2) 
$
14.2

(1) 
$
144.9

(3) 

(1)Unaudited pro forma results for the nine months ended September 28, 2018 were positively adjusted by $9.6 million consisting of $11.5 million of nonrecurring transaction related compensation benefits, advisory, legal, accounting, valuation and other professional fees, partially offset by $1.9 million of interest expense as a result of increased borrowings under our Credit Facility.

(2)Unaudited pro forma results for the quarter ended September 29, 2017 were adjusted to include $2.1 million of interest expense as a result of increased borrowings under our Credit Facility.

(3)Unaudited pro forma results for the nine months ended September 29, 2017 was adjusted to include $6.1 million of interest expense as a result of increased borrowings under our Credit Facility.