Goodwill and Other Intangible Assets

The following table reflects our indefinite-lived intangible assets, including goodwill and our definite-lived intangible assets along with related accumulated amortization by major category (U.S. dollars in millions):



	December 28, 2018			December 29, 2017
Goodwill	$	423.4		$	261.9
Indefinite-lived intangible assets:
Trademarks	31.9			43.3
Definite-lived intangible assets:
Definite-lived intangible assets	150.4			10.7
Accumulated amortization	(15.4		)	(8.1		)
Definite-lived intangible assets, net	135.0			2.6
Goodwill and other intangible assets, net	$	590.3		$	307.8

Indefinite-lived and definite-lived intangible assets are included in other noncurrent assets in the Consolidated Balance Sheets.

7. Goodwill and Other Intangible Assets (continued)

The following table reflects the changes in the carrying amount of goodwill by business segment (U.S. dollars in millions):



	Bananas			Other fresh produce			Prepared food			Totals
Goodwill	$	64.2		$	284.8		$	78.3		$	427.3
Accumulated impairment losses	—			(88.1		)	(78.3		)	(166.4		)
Balance at December 30, 2016	$	64.2		$	196.7		$	—		$	260.9

Foreign exchange and other	0.5			0.5			—			1

Goodwill	$	64.7		$	285.3		$	—		$	350.0
Accumulated impairment losses	—			(88.1		)	—			(88.1		)
Balance at December 29, 2017	$	64.7		$	197.2		$	—		$	261.9

Foreign exchange and other	(0.2		)	(0.3		)	—			(0.5		)
Acquisition of Mann Packing ⁽¹⁾	—			113.2			48.8			162.0

Goodwill	$	64.7		$	285.3		$	—		$	350.0
Accumulated impairment losses	—			(88.1		)	—			(88.1		)
Balance at December 28, 2018	$	64.5		$	310.1		$	48.8		$	423.4

⁽¹⁾See Note 4 "Acquisitions" for further discussion on acquisitions.

7. Goodwill and Other Intangible Assets (continued)

Results of Impairment Tests

In accordance with the ASC guidance on “Goodwill and Other Intangible Assets,” we review goodwill for impairment on an annual basis or earlier if indicators of impairment arise.

During 2018, based on the annual impairment review of trade names and trademarks performed on the first day of our fourth quarter of 2018 and due to underperformance in our prepared food business in Europe, Middle East and North Africa we incurred an impairment charge of $11.3 million for the prepared food segment's trade names and trademarks for which the fair value is $31.9 million.

During 2017, also based on the annual impairment review of trade names and trademarks and due to the underperformance of our prepared juice business in the United Kingdom, we incurred a trade name and trademark impairment of $0.9 million.

The fair value of the banana reporting unit's goodwill and the DEL MONTE^®prepared food reporting unit’s trade names and trademarks are sensitive to differences between estimated and actual cash flows and changes in the related discount rate used to evaluate the fair value of these assets. If the banana and the prepared food reporting unit do not perform to expected levels, the banana goodwill and the DEL MONTE^® trade names and trademarks associated with the prepared food reporting unit may also be at risk for impairment in the future.

The following table highlights the sensitivities of the indefinite-lived intangibles as of December 28, 2018 (U.S. dollars in millions):



	Banana Reporting Unit Goodwill			DEL MONTE^® Prepared Food Reporting Unit Trade Names and Trademarks
Carrying value of indefinite-lived intangible assets	$	64.5		$	31.9

Approximate percentage by which the fair value exceeds the carrying value based on the annual impairment test as of first day of the fourth quarter	30.0		%	—		%

Amount that a one percentage point increase in the discount rate and a 10% decrease in cash flows would cause the carrying value to exceed the fair value and trigger an impairment	$	19.0		$	5.2

7. Goodwill and Other Intangible Assets (continued)

The estimated amortization expense related to definite-lived intangible assets for the five succeeding years is as follows (U.S. dollars in millions):



Year	Estimated amortization expense
2019	8.1
2020	8.0
2021	7.8
2022	7.8
2023	6.9