XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Unaudited) - USD ($)
$ in Millions
Total
Ordinary Shares
Ordinary Shares
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 Dec. 30, 2022   47,838,680                
Balance, value at Dec. 30, 2022   $ 0.5   $ 548.1 $ 1,397.6 $ (41.5) $ 1,904.7 $ 20.9 $ 49.4 $ 1,925.6
Exercises of stock options (shares)     2,418              
Settlement of restricted stock units (shares)   157,648                
Share-based payment expense       2.3     2.3     2.3
Distribution to noncontrolling interests               0.0 0.3 0.0
Dividend declared       (0.3) (7.5)   (7.2)     (7.2)
Comprehensive income:                    
Net income         39.0   39.0 8.5 0.3 47.5
Net unrealized gain on derivatives, net of tax           0.0 0.0     0.0
Net unrealized foreign currency translation (loss) gain           2.0 2.0     2.0
Change in retirement benefit adjustment, net of tax           (0.4) (0.4)     (0.4)
Comprehensive income (loss)             40.6 8.5 0.3 49.1
Balance, shares (shares) at Mar. 31, 2023   47,998,746                
Balance, value at Mar. 31, 2023   $ 0.5   550.7 1,429.1 (39.9) 1,940.4 29.4 49.4 1,969.8
Balance, shares (shares) at Dec. 30, 2022   47,838,680                
Balance, value at Dec. 30, 2022   $ 0.5   548.1 1,397.6 (41.5) 1,904.7 20.9 49.4 1,925.6
Comprehensive income:                    
Net income $ 96.0                  
Net unrealized gain on derivatives, net of tax 4.3                  
Net unrealized foreign currency translation (loss) gain 2.7                  
Change in retirement benefit adjustment, net of tax 0.0                  
Comprehensive income (loss) $ 103.0                  
Balance, shares (shares) at Jun. 30, 2023   48,086,949                
Balance, value at Jun. 30, 2023   $ 0.5   596.3 1,467.1 (34.5) 2,029.4 16.1 0.0 2,045.5
Balance, shares (shares) at Dec. 30, 2022   47,838,680                
Balance, value at Dec. 30, 2022   $ 0.5   548.1 1,397.6 (41.5) 1,904.7 20.9 49.4 1,925.6
Settlement of redeemable noncontrolling interests       42.7            
Balance, shares (shares) at Dec. 29, 2023 47,629,018 47,629,018                
Balance, value at Dec. 29, 2023 $ 1,912.7 $ 0.5   597.7 1,341.4 (43.3) 1,896.3 16.4 0.0 1,912.7
Balance, shares (shares) at Mar. 31, 2023   47,998,746                
Balance, value at Mar. 31, 2023   $ 0.5   550.7 1,429.1 (39.9) 1,940.4 29.4 49.4 1,969.8
Settlement of restricted stock units (shares)   88,203                
Share-based payment expense       2.8     2.8     2.8
Distribution to noncontrolling interests               14.3 1.1 14.3
Settlement of redeemable noncontrolling interests       42.7     42.7   (47.9) 42.7
Dividend declared       (0.1) (9.7)   (9.6)     (9.6)
Comprehensive income:                    
Net income 48.3       47.7   47.7 1.0 (0.4) 48.7
Net unrealized gain on derivatives, net of tax 4.3         4.3 4.3     4.3
Net unrealized foreign currency translation (loss) gain 0.7         0.7 0.7     0.7
Change in retirement benefit adjustment, net of tax 0.4         0.4 0.4     0.4
Comprehensive income (loss) $ 53.7           53.1 1.0 (0.4) 54.1
Balance, shares (shares) at Jun. 30, 2023   48,086,949                
Balance, value at Jun. 30, 2023   $ 0.5   596.3 1,467.1 (34.5) 2,029.4 16.1 0.0 2,045.5
Balance, shares (shares) at Dec. 29, 2023 47,629,018 47,629,018                
Balance, value at Dec. 29, 2023 $ 1,912.7 $ 0.5   597.7 1,341.4 (43.3) 1,896.3 16.4 0.0 1,912.7
Settlement of restricted stock units (shares)   267,114                
Share-based payment expense       0.6     0.6     0.6
Dividend declared       0.4 (12.3)   (11.9)     (11.9)
Comprehensive income:                    
Net income         26.1   26.1 0.0 0.0 26.1
Net unrealized gain on derivatives, net of tax           5.8 5.8     5.8
Net unrealized foreign currency translation (loss) gain           (4.6) (4.6)     (4.6)
Change in retirement benefit adjustment, net of tax           (0.6) (0.6)     (0.6)
Comprehensive income (loss)             26.7 0.0 0.0 26.7
Balance, shares (shares) at Mar. 29, 2024   47,896,132                
Balance, value at Mar. 29, 2024   $ 0.5   598.7 1,355.2 (42.7) 1,911.7 16.4 0.0 1,928.1
Balance, shares (shares) at Dec. 29, 2023 47,629,018 47,629,018                
Balance, value at Dec. 29, 2023 $ 1,912.7 $ 0.5   597.7 1,341.4 (43.3) 1,896.3 16.4 0.0 1,912.7
Comprehensive income:                    
Net income 79.4                  
Net unrealized gain on derivatives, net of tax 6.8                  
Net unrealized foreign currency translation (loss) gain (6.7)                  
Change in retirement benefit adjustment, net of tax (1.0)                  
Comprehensive income (loss) $ 78.5                  
Balance, shares (shares) at Jun. 28, 2024 47,935,668 47,935,668                
Balance, value at Jun. 28, 2024 $ 1,970.2 $ 0.5   600.9 1,396.9 (44.2) 1,954.1 16.1 0.0 1,970.2
Balance, shares (shares) at Mar. 29, 2024   47,896,132                
Balance, value at Mar. 29, 2024   $ 0.5   598.7 1,355.2 (42.7) 1,911.7 16.4 0.0 1,928.1
Settlement of restricted stock units (shares)   39,536                
Share-based payment expense       2.2     2.2     2.2
Dividend declared       0.0 (11.9)   (11.9)     (11.9)
Comprehensive income:                    
Net income 53.3       53.6   53.6 (0.3) 0.0 53.3
Net unrealized gain on derivatives, net of tax 1.0         1.0 1.0     1.0
Net unrealized foreign currency translation (loss) gain (2.1)         (2.1) (2.1)     (2.1)
Change in retirement benefit adjustment, net of tax (0.4)         (0.4) (0.4)     (0.4)
Comprehensive income (loss) $ 51.8           52.1 (0.3) 0.0 51.8
Balance, shares (shares) at Jun. 28, 2024 47,935,668 47,935,668                
Balance, value at Jun. 28, 2024 $ 1,970.2 $ 0.5   $ 600.9 $ 1,396.9 $ (44.2) $ 1,954.1 $ 16.1 $ 0.0 $ 1,970.2