Business Segment Data

We are principally engaged in one major line of business, the production, distribution and marketing of bananas, other fresh produce and prepared food. Our products are sold in markets throughout the world, with our major producing operations located in North, Central and South America, Europe, Asia and Africa.

Our operations are aggregated into business segments on the basis of our products: bananas, other fresh produce and prepared food. Other fresh produce includes pineapples, melons, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), avocados, fresh-cut fruit and vegetables, other fruit and vegetables, a third-party ocean freight business, a plastic product and box manufacturing business. Prepared food includes prepared fruit and vegetables, juices, beverages, snacks, poultry and meat products.

We evaluate performance based on several factors, of which net sales and gross profit by product are the primary financial measures (U.S. dollars in millions):



	Year ended
	December 28, 2018				December 29, 2017				December 30, 2016
	Net Sales		Gross Profit		Net Sales		Gross Profit		Net Sales		Gross Profit
Other fresh produce	$	2,443.0	$	180.2	$	1,997.2	$	179.2	$	1,852.6	$	236.7
Banana	1,703.1		84.1		1,775.1		113.4		1,811.5		159.5
Prepared food	347.8		15.5		313.6		39.0		347.4		65.2
Totals	$	4,493.9	$	279.8	$	4,085.9	$	331.6	$	4,011.5	$	461.4



	Year ended
Net sales by geographic region:	December 28, 2018		December 29, 2017		December 30, 2016
North America	$	2,871.3	$	2,382.4	$	2,221.5
Europe	653.7		665.9		673.1
Middle East	445.6		518.8		569.8
Asia	465.7		460.2		477.2
Other	57.6		58.6		69.9
Total net sales	$	4,493.9	$	4,085.9	$	4,011.5

22. Business Segment Data (continued)

Our North America region included the following Mann Packing results:



	Period from February 27, 2018 to December 28, 2018
Products:	Net Sales		Gross Profit
Other fresh produce	$	441.8	$	28.8
Prepared foods	46.8		7.2
Totals	$	488.6	$	36.0

Refer to Note 4, “Acquisitions”, for further discussion on the Mann Packing acquisition.

The following table indicates our net sales by product:



	Year ended
	December 28, 2018				December 29, 2017				December 30, 2016
Segments:
Other fresh produce:
Gold pineapples	487.9		11	%	492.7		12	%	495.1		12	%
Fresh-cut produce:
Fresh-cut fruit	510.6		11	%	496.9		12	%	417.7		10	%
Fresh-cut vegetables	433.2		10	%	110.9		3	%	99.2		2	%
Non-tropical fruit	221.5		5	%	235.7		6	%	259.8		7	%
Avocados	329.2		7	%	314.9		8	%	229.6		6	%
Melons	107.8		3	%	106.8		3	%	111.6		3	%
Tomatoes	62.5		1	%	77.7		2	%	81.2		2	%
Vegetables	140.2		3	%	25.9		1	%	30.3		1	%
Other fruit, products and services	150.1		3	%	135.7		2	%	128.1		3	%
Total other fresh produce	$	2,443.0	54	%	$	1,997.2	49	%	$	1,852.6	46	%
Banana	1,703.1		38	%	1,775.1		43	%	1,811.5		45	%
Prepared food	347.8		8	%	313.6		8	%	347.4		9	%
Total	$	4,493.9	100	%	$	4,085.9	100	%	$	4,011.5	100	%

22. Business Segment Data (continued)



Property, plant and equipment, net:	December 28, 2018		December 29, 2017
North America	$	241.4	$	169.9
Europe	51.4		52.5
Middle East	129.6		139.9
Africa	44.8		44.2
Asia	128.4		159.3
Central America	644.1		642.1
South America	90.5		91.2
Maritime equipment (including containers)	52.9		18.3
Corporate	9.1		10.9
Total property, plant and equipment, net	$	1,392.2	$	1,328.3



Identifiable assets:	December 28, 2018		December 29, 2017
North America	$	933.0	$	441.5
Europe	297.1		325.0
Middle East	278.9		300.0
Africa	162.0		133.6
Asia	239.2		270.1
Central America	1,026.5		1,011.7
South America	165.0		185.1
Maritime equipment (including containers)	66.9		35.0
Corporate	86.6		64.9
Total identifiable assets	$	3,255.2	$	2,766.9

North America accounted for approximately 64% of our net sales for 2018 and 58% for 2017 and 2016. Our earnings are heavily dependent on operations located worldwide; however, our net sales are not dependent on any particular country other than the United States, with no other country accounting for greater than 10% of our net sales for 2018, 2017 and 2016. These operations are a significant factor in the economies of some of the countries in which we operate and are subject to the risks that are inherent in operating in such countries, including government regulations, currency and ownership restrictions and risk of expropriation. Management reviews assets on the basis of geographic region and not by reportable segment, which more closely aligns our capital investment with demand for our products. Costa Rica is our most significant sourcing location, representing approximately 36% of our property, plant and equipment as of December 28, 2018. No foreign country other than Costa Rica accounts for greater than 10% of our property, plant and equipment.

Walmart accounted for 10% of our net sales in 2018, 9% of net sales in 2017 and 11% in 2016. These sales are reported in the banana and other fresh produce segments. In 2018, our top 10 customers accounted for approximately 31% of net sales as compared with 32% during 2017 and 31% for 2016. Identifiable assets by geographic area represent those assets used in the operations of each geographic area. Corporate assets consist of goodwill, building, leasehold improvements and furniture and fixtures.