Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 26, 2025

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 26, 2025		December 27, 2024
Goodwill	$	390.0	$	396.3
Indefinite-lived intangible assets:
Trademarks	31.6		31.7
Definite-lived intangible assets:
Definite-lived intangible assets	10.6		10.6
Accumulated amortization	(9.1)		(9.1)
Definite-lived intangible assets, net	1.5		1.5
Goodwill and other intangible assets, net	$	423.1	$	429.5

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 December 29, 2023	$	64.4	$	337.5	$	401.9
Foreign exchange	(0.2)		—		(0.2)
Goodwill allocated to disposal of fresh-cut vegetable assets	—		(4.0)		(4.0)
Impairment charges	—		(1.4)		(1.4)
Balance at December 27, 2024	$	64.2	$	332.1	$	396.3
Foreign exchange	0.4		0.5		0.9
Goodwill allocated to Mann Packing disposal group	—		(7.2)		(7.2)
Balance at December 26, 2025	$	64.6	$	325.4	$	390.0

Schedule of Sensitivities of Goodwill and Intangible Assets at Risk

The following table highlights the sensitivities of the indefinite-lived intangibles as of December 26, 2025 (U.S. dollars in millions):

	Banana Reporting Unit Goodwill			Prepared Foods Reporting Unit Goodwill			Prepared Foods Reporting Unit  Del Monte® Trade Names and Trademarks
Carrying value of indefinite-lived intangible assets	$	64.6		$	27.1		$	31.7
Approximate percentage by which the fair value exceeds the carrying value based on the annual impairment test	20.1		%	6.8		%	16.5		%
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	$	41.9		$	27.1		$	—

Results of 2024 Impairment Tests

Based on the results of our 2024 impairment test and due to underperformance in our vegetable business in North America and reduction in forecasted cash flows, we incurred an impairment charge of $1.4 million representing the entire goodwill assigned to the vegetable reporting unit.

Results of 2023 Impairment Tests

Based on the results of our 2023 impairment test and due to underperformance in our prepared foods business in North America and Europe, coupled with an increase in the discount rates used, we incurred an impairment charge of $21.6 million for which the fair value was determined to be $27.2 million.

In addition, during the fourth quarter of 2023, we identified factors which indicated the carrying amounts of certain fresh and value-added assets associated with Mann Packing may not be recoverable. These factors included (1) a sustained decline in actual and projected sales and gross margins, (2) conclusions reached from management's strategic review of Mann Packing finalized in the fourth quarter of 2023 and (3) impairment charges of goodwill in our prepared foods reporting unit which is included within our fresh and value-added products segment. Based on the results of our recoverability test performed, we determined the carrying amounts of certain fresh and value-added assets exceeded their fair values and during 2023 we recorded non-cash impairment charges of $109.6 million, including impairment charges to customer relationships intangible assets of $88.6 million and trade name intangible assets of $8.3 million.

Schedule of Expected Amortization Expense

As of December 26, 2025, 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
2026	$	0.1
2027	0.1
2028	0.1
2029	0.1
2030	0.1