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Property, Plant and Equipment, Net
12 Months Ended
Dec. 26, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment, Net Property, Plant and Equipment, Net
 
Property, plant and equipment, net consisted of the following (U.S. dollars in millions):
 
December 26, 2025December 27, 2024
Land and land improvements$648.6 $680.0 
Machinery and equipment559.8 598.7 
Buildings and leasehold improvements529.4 550.4 
Maritime equipment (including containers)204.3 223.3 
Furniture, fixtures and office equipment 96.3 101.4 
Automotive equipment68.5 68.6 
Construction-in-progress35.3 21.0 
 2,142.2 2,243.4 
Less: accumulated depreciation and amortization(1,022.7)(1,051.8)
Property, plant and equipment, net$1,119.5 $1,191.6 
 

Depreciation expense on property, plant and equipment, including assets under finance leases, was $72.4 million for 2025, $78.4 million for 2024 and $79.9 million for 2023.
 
Shipping containers, machinery and equipment and automotive equipment under finance leases totaled $10.4 million at December 26, 2025 and $10.4 million at December 27, 2024. Accumulated amortization for assets under finance leases was $6.2 million at December 26, 2025 and $4.7 million at December 27, 2024.

The gain on disposal of property, plant and equipment, net and subsidiary was a gain of $10.3 million for 2025, $39.5 million for 2024 and $37.9 million for 2023. The gain on disposal of property, plant and equipment, net and subsidiary in 2025 was primarily related to the sale of four carrier vessels and two idle properties in Chile, partially offset by the disposal of low-yielding banana crops in Costa Rica. The gain on disposal of property, plant and equipment, net and subsidiary in 2024 was primarily related to the sale of two idle facilities and one warehouse in Chile, a Canadian distribution center, and certain assets of a fresh-cut vegetable subsidiary in North America.