Asset Impairment and Other Charges, Net (Tables)

12 Months Ended

Dec. 27, 2019

Asset Impairment and Other Charges, Net [Abstract]

Asset Impairment and Other Charges

The following represents the detail of asset impairment and other charges, net for the year ended December 28, 2018 by reportable segment (U.S. dollars in millions):

	Long-lived and other asset impairment		Exit activity and other charges (credits)			Total
Bananas segment:
Philippine exit activities of certain low-yield areas	$	30.0	$	2.3		$	32.3
Underutilized assets in Central America	1.8		—			1.8
Cost reduction initiatives in Central America	1.8		—			1.8
Fresh and value-added products segment:
Chile severance due to restructuring as a result of cost reduction initiatives	—		2.4			2.4
Underutilized assets in Central America	0.5		—			0.5
Acquisition costs(2)	—		4.1			4.1
Tomato production assets held for sale in the United States	1.0		—			1.0
Other fresh and value-added segment credits	—		(1.6		)	(1.6		)
Total asset impairment and other charges, net	$	35.1	$	7.2		$	42.3

⁽²⁾Acquisition costs primarily relate to our acquisition of Mann Packing Co., Inc. ("Mann Packing"). Refer to Note 4., "Acquisition."

The following represents the detail of asset impairment and exit activity and other charges, net for the year ended December 29, 2017 by reportable segment (U.S. dollars in millions):

	Long-lived and other asset impairment		Exit activity and other charges (credits)			Total
Bananas segment:
Philippine floods	$	0.8	$	—		$	0.8
Underutilized assets in Central America	0.6		—			0.6
Fresh and value-added products segment:
Chile insurance recoveries on current and previously announced floods	—		(3.4		)	(3.4		)
Chile floods	0.8		1.0			1.8
Write-off of investment venture in Africa	1.5		—			1.5
Other fresh and value-added products segment charges	—		0.5			0.5
Total asset impairment and other charges (credits), net	$	3.7	$	(1.9	)	$	1.8

The following represents the detail of asset impairment and other charges, net for the year ended December 27, 2019 by reportable segment (U.S. dollars in millions):

	Long-lived and other asset impairment		Exit activity and other charges (credits)		Total
Bananas segment:
Philippine exit activities of certain low-yield areas	$	4.7	$	—	$	4.7
Philippine previously announced exit activities of certain areas	—		0.5		0.5
Fresh and value-added products segment:
Impairment of equity investment(1)	2.9		—		2.9
North America vegetable product recall	—		0.5		0.5
Other fresh and value-added products segment charges	0.5		—		0.5
Total asset impairment and other charges, net	$	8.1	$	1.0	$	9.1

⁽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 year ended December 27, 2019. Refer to Note 18, "Fair Value Measurements."