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Asset Impairment and Other Charges, Net
 6 Months Ended
Jun. 28, 2019
Asset Impairment and Other Charges, Net [Abstract]  
Asset Impairment and Other Charges, Net Asset Impairment and Other Charges, Net

The following represents a summary of asset impairment and other charges, net recorded during the quarters and six months ended June 28, 2019 and June 29, 2018 (U.S. dollars in millions):
 
Quarter ended
 
Six months ended
 
June 28, 2019
 
June 28, 2019
 
Long-lived
and other
asset
impairment
 
 
Exit activity and other
charges
 
Total
 
Long-lived
and other
asset
impairment
 
 
Exit activity and other
charges
 
Total
Banana segment:
 
 
 
 
 
 
 
 
 
 
 
Philippine previously announced exit activities of certain low-yield areas
$
—

 
$
0.3

 
$
0.3

 
$
—

 
$
0.5

 
$
0.5

Fresh and value-added products segment:
 

 
 
 
 

 
 
 
 
 
 

Other fresh and value-added products segment charges
0.4

 
—

 
0.4

 
0.4

 
—

 
0.4

Impairment of equity investment (1)
0.1

 
—

 
0.1

 
2.9

 
—

 
2.9

Total asset impairment and
other charges, net
$
0.5

 
$
0.3

 
$
0.8

 
$
3.3

 
$
0.5

 
$
3.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Quarter ended
 
Six months ended
 
June 29, 2018
 
June 29, 2018
 
Long-lived
and other
asset
impairment
 
 
Exit activity
and other
charges
 
Total
 
Long-lived
and other
asset
impairment
 
 
Exit activity and other
charges
 
Total
Banana segment:
 
 
 
 
 
 
 
 
 
 
 
Philippine exit activities of certain low-yield areas
$
18.3

 
$
—

 
$
18.3

 
$
18.3

 
$
—

 
$
18.3

Fresh and value added products
segment:
 

 
 
 
 

 
 
 
 
 
 

Chile severance due to restructuring as a result of cost reduction initiatives
—

 
1.6

 
1.6

 
—

 
1.6

 
1.6

Acquisition costs related to
Mann Packing (2)
—

 
0.1

 
0.1

 
—

 
2.6

 
2.6

Sanger insurance recoveries due to inclement weather conditions
—

 
—

 
—

 
—

 
(0.9
)
 
(0.9
)
Other fresh and value-added segment charges
—

 
0.3

 
0.3

 
—

 
0.3

 
0.3

Total asset impairment and
other charges (credits), net
$
18.3

 
$
2.0

 
$
20.3

 
$
18.3

 
$
3.6

 
$
21.9



(1) Equity investment relates to our 10% equity ownership interest in Three Limes, Inc., d/b/a The Purple Carrot, which was sold at a loss during the quarter ended June 28, 2019. Refer to Note 16, "Fair Value Measurements."
(2) Acquisition costs relate to the Mann Packing Co. Inc. and subsidiaries ("Mann Packing") Acquisition. Refer to Note 4 , "Acquisition."

3.  Asset Impairment and Other Charges, Net (continued)

Exit Activity and Other Reserves

Exit activity and other reserve balances are recorded in the Consolidated Balance Sheets in accounts payable and accrued expenses for the current portion and in other noncurrent liabilities for the noncurrent portion. The following is a rollforward of 2019 exit activity and other reserves (U.S. dollars in millions):
 
Exit activity and
other reserve
balance at
December 28, 2018
 
Impact to
earnings
 
Cash paid
 
Foreign exchange impact
 
Exit activity and
other reserve
balance at
June 28, 2019
Contract termination and other exit activity charges
$
0.5

 
0.5

 
(0.9
)
 
—

 
$
0.1

 
$
0.5

 
$
0.5

 
$
(0.9
)
 
$
—

 
$
0.1



During the six months ended June 28, 2019, we paid approximately $0.9 million in contract terminations related to the previously announced Philippines restructuring, and we expect to make the remaining payment of $0.1 million during 2019. We do not expect additional charges related to the exit activities mentioned above that would significantly impact our results of operations or financial condition.