Asset Impairment and Other Charges, Net (Tables)

6 Months Ended

Jun. 28, 2019

Asset Impairment and Other Charges, Net [Abstract]

Summary of asset impairment and exit activity and other charges (credits)

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."

Rollforward of exit activity and other reserves

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