Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 30, 2022

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 30, 2022		December 31, 2021
Goodwill	$	422.9	$	423.7
Indefinite-lived intangible assets:
Trademarks	31.7		31.7
Definite-lived intangible assets:
Definite-lived intangible assets	150.4		150.4
Accumulated amortization	(47.1)		(39.3)
Definite-lived intangible assets, net	103.3		111.1
Goodwill and other intangible assets, net	$	557.9	$	566.5

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 January 1, 2021	$	64.5	$	359.5	$	424.0
Foreign exchange	(0.2)		(0.1)		(0.3)
Balance at December 31, 2021	$	64.3	$	359.4	$	423.7
Foreign exchange	(0.2)		(0.6)		(0.8)
Balance at December 30, 2022	$	64.1	$	358.8	$	422.9

Schedule of Sensitivities of Goodwill and Intangible Assets at Risk

The following table highlights the sensitivities of the indefinite-lived intangibles as of December 30, 2022 (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	$	64.1		$	48.8		$	30.8
Approximate percentage by which the fair value exceeds the carrying value based on the annual impairment test	11.4		%	11.7		%	15.9		%
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	$	58.5		$	26.3		$	—

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
2023	$	6.9
2024	6.5
2025	6.4
2026	6.4
2027	6.3