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Asset Impairment and Other Charges (Credits), Net
6 Months Ended
Jun. 27, 2025
Asset Impairment and Other Charges (Credits), Net [Abstract]  
Asset Impairment and Other Charges (Credits), Net

The following represents a summary of asset impairment and other charges (credits), net recorded during the quarters and six months ended June 27, 2025 and June 28, 2024 (U.S. dollars in millions):

Quarter endedSix months ended
June 27, 2025June 27, 2025
 Long-lived and other
asset impairment
 Exit activity and other
 charges
TotalLong-lived and other
asset impairment
 Exit activity and other
 charges
Total
Fresh and value-added products segment:      
Impairment of leased grape farm in Chile $0.6 $— $0.6 $0.6 $— $0.6 
Total asset impairment and other charges (credits), net$0.6 $— $0.6 $0.6 $— $0.6 
Quarter endedSix months ended
June 28, 2024June 28, 2024
 Long-lived and other
asset impairment
Exit activity and other
 charges
TotalLong-lived and other
asset impairment
Exit activity and other
 charges
Total
Banana segment:      
California Air Resource Board reserve (1)
$— $— $— $— $0.5 $0.5 
Philippines impairment of banana-related fixed assets1.2 — 1.2 1.2 — 1.2 
Fresh and value-added products segment: 
Insurance recovery related to South American warehouse— (2.0)(2.0)— (2.0)(2.0)
Reduction in repair reserves related to 2023 flooding in Greece(2)
(0.5)— (0.5)(0.5)— (0.5)
Other:
Legal settlement (3)
— — — — 1.8 1.8 
Total asset impairment and other charges (credits), net$0.7 $(2.0)$(1.3)$0.7 $0.3 $1.0 

(1) During the six months ended June 28, 2024, we recorded a $0.5 million reserve relating to a regulatory matter. Refer to Note 10, “Commitments and Contingencies.

(2) Due to damages caused by severe flooding in Greece during 2023, we recorded reserves related to estimated damages to our property, plant and equipment. During the quarter ended June 28, 2024, we determined it was appropriate to reduce this reserve by $0.5 million based on actual repair charges incurred.

(3) During the six months ended June 28, 2024, we entered into a settlement agreement with respect to a litigation matter by a former employee regarding a legacy claim stemming from the 1970s. Accordingly, we incurred charges of $1.8 million, net of insurance reimbursements, associated with the settlement during the six months ended June 28, 2024. Refer to Note 10, “Commitments and Contingencies.