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INVESTMENTS | 6 Months Ended
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Jun. 29, 2014
Equity Method Investments and Joint Ventures [Abstract] |
INVESTMENTS | INVESTMENTS Investments consist of the following:
Equity Investment |  | % Owned |  | June 29, 2014 |  | December 29, 2013
|  |  |  | (in millions)
Campofrío Food Group (CFG) (1) |  | 37% |  | $ | 353.8 |  |  | $ | 351.4 |
Mexican joint ventures |  | 50% |  | 140.2 |  |  | 118.0 |
Other |  | Various |  | 28.6 |  |  | 27.1 |
Total investments |  |  |  | $ | 522.6 |  |  | $ | 496.5 |
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(1) | Beginning in June 2014, our investment in CFG is through our interest in Sigma & WH Europe, as defined below.
We record our share of earnings and losses from our equity method investments in (income) loss from equity method investments. Some of these results are reported on a one-month lag which, in our opinion, does not materially impact our consolidated condensed financial statements. In November 2013, Mexican processed meats producer Sigma Alimentos, S.A. De C.V. (Sigma) announced its intention to tender for all of CFG’s outstanding shares (the Tender Offer) at a bid price of €6.80 per share (the Bid Price). In December 2013, we announced our intention to participate in the Tender Offer by retaining our 37% interest in CFG. As a result, the Bid Price was increased to €6.90 per share. In June 2014, we finalized our shareholder agreement with Sigma creating a new entity called Sigma & WH Food Europe, S.L. (Sigma & WH Europe) to hold all shares of CFG owned by Sigma and the Company. At the formation of Sigma & WH Europe, both the Company and Sigma contributed all of our shares of CFG to Sigma & WH Europe. As of June 29, 2014, Sigma & WH Europe owned 98% of the outstanding shares of CFG. The Tender Offer and the shareholder agreement with Sigma had no impact on the book value of our investment in CFG. (Income) loss from equity method investments consists of the following:
|  |  |  | Three Months Ended |  | Six Months Ended
Equity Investment |  | Segment |  | June 29, 2014 |  | June 30, 2013 |  | June 29, 2014 |  | June 30, 2013
|  |  |  | (in millions) |  | (in millions)
CFG (1) |  | International |  | $ | (0.1 | ) |  | $ | 1.1 |  |  | $ | (3.2 | ) |  | $ | (2.5 | )
Mexican joint ventures |  | International |  | (8.7 | ) |  | 2.9 |  |  | (20.5 | ) |  | (1.1 | )
All other equity method investments |  | Various |  | (2.1 | ) |  | (1.5 | ) |  | (2.3 | ) |  | (1.7 | )
(Income) loss from equity method investments |  |  |  | $ | (10.9 | ) |  | $ | 2.5 |  |  | $ | (26.0 | ) |  | $ | (5.3 | )
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(1) | CFG prepares its financial statements in accordance with International Financial Reporting Standards. Our share of CFG’s results reflects U.S. GAAP adjustments and thus, there may be differences between the amounts we report for CFG and the amounts reported by CFG.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32847-111569 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32787-111569 + Details
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