XML 62 R49.htm IDEA: XBRL DOCUMENT v3.10.0.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 28, 2018
Fair Value Disclosures [Abstract]  
Fair Values of Assets and Liabilities Measured on a Recurring Basis
The following table provides a summary of the fair values of our derivative financial instruments measured on a recurring basis under “Fair Value Measurements and Disclosures” (U.S. dollars in millions):
 
 
Fair Value Measurements
 
Foreign currency forward contracts, net asset (liability)
 
Interest rate contracts, net (liability), asset
 
December 28, 2018
 
December 29, 2017
 
December 28, 2018
 
December 29, 2017
Quoted prices in active markets for identical assets (Level 1)
$

 
$

 
$

 
$

Significant other observable inputs (Level 2)
0.8

 
(1.4
)
 
(7.6
)
 

Significant unobservable inputs (Level 3)

 

 

 

Fair Values of Assets and Liabilities Measured on a Non-Recurring Basis
The following is a tabular presentation of the non-recurring fair value measurement along with the level within the fair value hierarchy in which the fair value measurement in its entirety falls (U.S. dollars in millions):

 
Fair Value Measurements for the year ended
December 28, 2018
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Philippines contract terminations
$
1.9

 
$

 
$

 
$
1.9

Underutilized assets in Central America
6.5

 

 

 
6.5

DEL MONTE® Prepared Foods reporting unit's trade names and trademarks
31.9

 

 

 
31.9

Tomato production assets held for sale in the United States
45.4

 

 

 
45.4

 
$
85.7

 
$

 
$

 
$
85.7

The following is a tabular presentation of the non-recurring fair value measurement along with the level within the fair value hierarchy in which the fair value measurement in its entirety falls (U.S. dollars in millions):
 
Fair Value Measurements for the year ended
December 29, 2017
 
Total
 
Quoted Prices in
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
U.K. Beverage trademark impairment
$
1.8

 
$

 
$

 
$
1.8

 
$
1.8

 
$

 
$

 
$
1.8