Asset Impairment and Other Charges (Credits), Net (Tables)

3 Months Ended

Mar. 28, 2025

Asset Impairment and Other Charges (Credits), Net [Abstract]

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

The following represents a summary of asset impairment and other charges, net recorded during the quarters ended March 28, 2025 and March 29, 2024 (U.S. dollars in millions):

	Quarter ended
	March 28, 2025						March 29, 2024
	Long-lived and other asset impairment		Exit activity and other  charges		Total		Long-lived and other asset impairment		Exit activity and other  charges		Total
Banana segment:
California Air Resource Board reserve (1)	$	—	$	—	$	—	$	—	$	0.5	$	0.5
Other:
Legal settlement (2)	—		—		—		—		1.8		1.8
Total asset impairment and other charges, net	$	—	$	—	$	—	$	—	$	2.3	$	2.3

(1) During the quarter ended March 29, 2024, we recorded a $0.5 million reserve relating to a potential regulatory matter. Refer to Note 9, “Commitments and Contingencies.”

(2) Subsequent to March 29, 2024, we entered into a settlement agreement with respect to a litigation matter by a former employee. This matter was in the discovery phase until the first quarter of 2024, when the court set the expected trial date and the parties began to discuss settlement. Accordingly, we recorded a $1.8 million reserve, net of insurance reimbursements, associated with the settlement during the quarter ended March 29, 2024. Refer to Note 9, “Commitments and Contingencies.”