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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 27, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
The following table reflects our indefinite-lived intangible assets, including goodwill and our definite-lived intangible assets along with related accumulated amortization by major category (U.S. dollars in millions):

 
December 27, 2019
 
December 28, 2018
Goodwill
$
423.7

 
$
423.4

Indefinite-lived intangible assets:


 


Trademarks
31.7

 
31.9

Definite-lived intangible assets:


 


Definite-lived intangible assets
150.4

 
150.4

Accumulated amortization
(23.9
)
 
(15.4
)
Definite-lived intangible assets, net
126.5

 
135.0

Goodwill and other intangible assets, net
$
581.9

 
$
590.3
Schedule of Goodwill
The following table reflects the changes in the carrying amount of goodwill by business segment (U.S. dollars in millions):

 
Bananas
 
Fresh and Value-Added Products
 
Totals
Balance at December 29, 2017
$
64.7

 
$
197.2

 
$
261.9

 
 
 
 
 
 
Foreign exchange and other
$
(0.2
)
 
$
(0.3
)
 
$
(0.5
)
Acquisition of Mann Packing(1)
$
—

 
$
162.0

 
$
162.0

Balance at December 28, 2018
$
64.5

 
$
358.9

 
$
423.4

 
 
 
 
 
 
Foreign exchange and other
$
(0.1
)
 
$
0.4

 
$
0.3

Balance at December 27, 2019
$
64.4

 
$
359.3

 
$
423.7

 

(1) See Note 4 "Acquisitions" for further discussion on acquisitions.
Schedule of Sensitivities of Goodwill and Intangible Assets at Risk
The following table highlights the sensitivities of the indefinite-lived intangibles as of December 27, 2019 (U.S. dollars in millions):

 
Banana
Reporting Unit
Goodwill
 

Prepared Food Reporting Unit Goodwill
 

Prepared Food Reporting Unit 
Del Monte® 
Trade Names and Trademarks
Carrying value of indefinite-lived intangible assets
$
64.4

 
$
48.8

 
$
30.8

 
 
 
 
 
 
Approximate percentage by which the fair value exceeds the carrying value based on the annual impairment test as of first day of the fourth quarter
9.1
%
 
2.5
%
 
6.5
%
 
 
 
 
 
 
Amount that a one percentage point increase in the discount rate and a 5% decrease in cash flows would cause the carrying value to exceed the fair value and trigger an impairment
$
64.4

 
$
47.1

 
$
1.0
Schedule of Expected Amortization Expense
The estimated amortization expense related to definite-lived intangible assets for the five succeeding years is as follows (U.S. dollars in millions):
 
Year
Estimated Amortization Expense
2020
8.0
2021
7.8
2022
7.8
2023
6.9
2024
6.5