XML 21 R7.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Unaudited) - USD ($)
$ in Millions
Total
Ordinary Shares
Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Fresh Del Monte Produce Inc. Shareholders' Equity
Noncontrolling Interests
Noncontrolling Interests
Redeemable Noncontrolling Interest
Total Shareholders' Equity
Balance, shares (shares) at Jan. 01, 2021   47,372,419              
Balance, value at Jan. 01, 2021   $ 0.5 $ 533.1 $ 1,271.4 $ (77.0) $ 1,728.0 $ 21.7 $ 50.2 $ 1,749.7
Settlement of restricted stock units (shares)   136,067              
Share-based payment expense     1.6     1.6     1.6
Distribution to noncontrolling interests             (0.4)   (0.4)
Dividend declared     0.2 4.9   4.7     4.7
Comprehensive income:                  
Net income       42.7   42.7 (0.6) (0.7) 42.1
Net unrealized gain (loss) on derivatives, net of tax         25.6 25.6     25.6
Net unrealized foreign currency translation (loss) gain         (4.8) (4.8)     (4.8)
Change in retirement benefit adjustment, net of tax         (0.6) (0.6)     (0.6)
Comprehensive income (loss)           62.9 (0.6) (0.7) 62.3
Balance, shares (shares) at Apr. 02, 2021   47,508,486              
Balance, value at Apr. 02, 2021   $ 0.5 534.9 1,309.2 (56.8) 1,787.8 21.1 49.5 1,808.9
Balance, shares (shares) at Jan. 01, 2021   47,372,419              
Balance, value at Jan. 01, 2021   $ 0.5 533.1 1,271.4 (77.0) 1,728.0 21.7 50.2 1,749.7
Adjustment of noncontrolling interest $ (4.3)                
Comprehensive income:                  
Net income 89.1                
Net unrealized gain (loss) on derivatives, net of tax 18.0                
Net unrealized foreign currency translation (loss) gain (4.3)                
Change in retirement benefit adjustment, net of tax (0.9)                
Comprehensive income (loss) 101.9                
Balance, shares (shares) at Jul. 02, 2021   47,524,712              
Balance, value at Jul. 02, 2021   $ 0.5 537.0 1,351.6 (64.2) 1,824.9 21.2 49.5 1,846.1
Balance, shares (shares) at Apr. 02, 2021   47,508,486              
Balance, value at Apr. 02, 2021   $ 0.5 534.9 1,309.2 (56.8) 1,787.8 21.1 49.5 1,808.9
Exercises of stock options (shares)   2,000              
Exercises of stock options     0.0     0.0     0.0
Settlement of restricted stock units (shares)   14,226              
Share-based payment expense     2.1     2.1     2.1
Dividend declared       4.8   4.8     4.8
Comprehensive income:                  
Net income 47.7     47.2   47.2 0.5 0.0 47.7
Net unrealized gain (loss) on derivatives, net of tax (7.6)       (7.6) (7.6)     (7.6)
Net unrealized foreign currency translation (loss) gain 0.5       0.5 0.5     0.5
Change in retirement benefit adjustment, net of tax (0.3)       (0.3) (0.3)     (0.3)
Comprehensive income (loss) $ 40.3         39.8 0.5 0.0 40.3
Balance, shares (shares) at Jul. 02, 2021   47,524,712              
Balance, value at Jul. 02, 2021   $ 0.5 537.0 1,351.6 (64.2) 1,824.9 21.2 49.5 1,846.1
Balance, shares (shares) at Dec. 31, 2021 47,554,695 47,554,695              
Balance, value at Dec. 31, 2021 $ 1,824.0 $ 0.5 541.0 1,327.7 (66.9) 1,802.3 21.7 49.5 1,824.0
Exercises of stock options (shares)   7,000              
Settlement of restricted stock units (shares)   263,148              
Share-based payment expense     1.7     1.7     1.7
Disposal of noncontrolling interest           0.3     0.3
Dividend declared     0.0 7.2   7.2     7.2
Comprehensive income:                  
Net income       25.8   25.8 (0.3) (0.8) 25.5
Net unrealized gain (loss) on derivatives, net of tax         37.8 37.8     37.8
Net unrealized foreign currency translation (loss) gain         (7.4) (7.4)     (7.4)
Change in retirement benefit adjustment, net of tax         (0.1) (0.1)     (0.1)
Comprehensive income (loss)           56.1 (0.3) (0.8) 55.8
Balance, shares (shares) at Apr. 01, 2022   47,817,843              
Balance, value at Apr. 01, 2022   $ 0.5 542.7 1,346.3 (36.6) 1,852.9 21.7 48.7 1,874.6
Balance, shares (shares) at Dec. 31, 2021 47,554,695 47,554,695              
Balance, value at Dec. 31, 2021 $ 1,824.0 $ 0.5 541.0 1,327.7 (66.9) 1,802.3 21.7 49.5 1,824.0
Adjustment of noncontrolling interest (0.6)                
Comprehensive income:                  
Net income 45.7                
Net unrealized gain (loss) on derivatives, net of tax 44.4                
Net unrealized foreign currency translation (loss) gain (21.4)                
Change in retirement benefit adjustment, net of tax 0.5                
Comprehensive income (loss) $ 69.2                
Balance, shares (shares) at Jul. 01, 2022 47,832,974 47,832,974              
Balance, value at Jul. 01, 2022 $ 1,883.2 $ 0.5 544.0 1,360.3 (43.4) 1,861.4 21.8 48.8 1,883.2
Balance, shares (shares) at Apr. 01, 2022   47,817,843              
Balance, value at Apr. 01, 2022   $ 0.5 542.7 1,346.3 (36.6) 1,852.9 21.7 48.7 1,874.6
Exercises of stock options     0.2     0.2     0.2
Settlement of restricted stock units (shares)   8,131              
Share-based payment expense     1.1     1.1     1.1
Adjustment of noncontrolling interest             0.3   0.3
Dividend declared       7.2   7.2     7.2
Comprehensive income:                  
Net income 21.1     21.2   21.2 (0.2) 0.1 21.0
Net unrealized gain (loss) on derivatives, net of tax 6.6       6.6 6.6     6.6
Net unrealized foreign currency translation (loss) gain (14.0)       (14.0) (14.0)     (14.0)
Change in retirement benefit adjustment, net of tax 0.6       0.6 0.6     0.6
Comprehensive income (loss) $ 14.3         14.4 (0.2) 0.1 14.2
Balance, shares (shares) at Jul. 01, 2022 47,832,974 47,832,974              
Balance, value at Jul. 01, 2022 $ 1,883.2 $ 0.5 $ 544.0 $ 1,360.3 $ (43.4) $ 1,861.4 $ 21.8 $ 48.8 $ 1,883.2