Property, Plant and Equipment, Net

12 Months Ended

Dec. 30, 2011

Property, Plant and Equipment [Abstract]

Property, plant and equipment consisted of the following (U.S. dollars in millions):



	December 30, 2011			December 31, 2010
Land and land improvements	$	514.8		$	495.7
Buildings and leasehold improvements	424.2			413.0
Machinery and equipment	414.4			405.1
Maritime equipment (including containers)	193.0			204.2
Furniture, fixtures and office equipment	102.0			98.2
Automotive equipment	44.9			44.8
Construction-in-progress	36.2			39.8
	1,729.5			1,700.8
Less: accumulated depreciation and amortization	(706.6		)	(667.7		)
Property, plant and equipment, net	$	1,022.9		$	1,033.1

Depreciation and amortization expense on property, plant and equipment, including assets under capital leases, was $72.1 million, $77.2 million and $81.8 million for 2011, 2010 and 2009, respectively.

Containers, machinery and equipment and automotive equipment under capital leases totaled $11.1 million and $17.2 million at December 30, 2011 and December 31, 2010, respectively. Accumulated amortization for assets under capital leases was $5.7 million and $8.3 million at December 30, 2011 and December 31, 2010 respectively.

For the years 2011, 2010 and 2009, the gain on sales of property, plant and equipment included gains of $3.1 million, $9.2 million and $11.2 million, respectively. Included in the $3.1 million are gains primarily related to the sale of shipping-related and other surplus equipment in the banana segment.

6. Property, Plant and Equipment, Net (continued)

In 2010, the gain on sales of property, plant and equipment of $9.2 million are primarily related to the sale of four refrigerated vessels in the banana segment and properties in South America primarily in the other fresh

produce segment. In 2009, the gain on sales of property, plant and equipment of $11.2 million are primarily related to the sale of five refrigerated vessels in the banana segment and properties in South America in the other fresh produce segment and Africa in the prepared food segment.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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