Asset Impairment and Other Charges, Net (Tables)

6 Months Ended

Jun. 26, 2020

Asset Impairment and Other Charges, Net [Abstract]

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

he following represents a summary of asset impairment and other charges (credits), net recorded during the quarters and six months ended June 26, 2020 and June 28, 2019 (U.S. dollars in millions):

	Quarter ended						Six months ended
	June 26, 2020						June 26, 2020
	Long-lived and other asset impairment		Exit activity and other charges (credits)		Total		Long-lived and other asset impairment		Exit activity and other charges (credits)		Total
Banana segment:
California Air Resource Board reserve(1)	$	—	$	0.5	$	0.5	$	—	$	1.3	$	1.3
Philippine exit activities of certain low-yield areas	0.7		—		0.7		0.7		—		0.7
Fresh and value-added products segment:
California Air Resource Board reserve(1)	—		0.3		0.3		—		0.7		0.7
Impairment of production facilities(2)	1.1		—		1.1		2.1		—		2.1
Insurance recovery related to product recall(3)	—		(2.0)		(2.0)		—		(6.0)		(6.0)
North America reorganization charges(4)	—		0.7		0.7		—		0.7		0.7
Other fresh and value-added products segment charges	—		0.1		0.1		—		0.1		0.1
Total asset impairment and other charges (credits), net	$	1.8	$	(0.4)	$	1.4	$	2.8	$	(3.2)	$	(0.4)
	Quarter ended						Six months ended
	June 28, 2019						June 28, 2019
	Long-lived and other asset impairment		Exit activity and other charges (credits)		Total		Long-lived and other asset impairment		Exit activity and other charges (credits)		Total
Banana segment:
Philippine 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(5)	0.1		—		0.1		2.9		—		2.9
Total asset impairment and other charges (credits), net	$	0.5	$	0.3	$	0.8	$	3.3	$	0.5	$	3.8

⁽¹⁾ $2.0 million reserve relating to a potential liability arising from our third-party shipping logistics operation. This liability relates to both our banana and fresh and value-added products segments. Refer to Note 9.  "Commitments and Contingencies" for further information regarding this matter.

⁽²⁾ $2.1 million asset impairment charges for the six months ended June 26, 2020 related to impairment of production facilities in North America and Europe.

⁽³⁾ $(6.0) million insurance recovery related to a voluntary recall of vegetable products in North America which was announced in the fourth quarter of 2019.

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