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Business Segment Data | 12 Months Ended
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Dec. 29, 2023
Segment Reporting [Abstract] |
Business Segment Data | Business Segment Data We are principally engaged in the production, distribution and marketing of fresh and value-added products and bananas. Our products are sold in markets throughout the world and our major producing operations are located in North, Central and South America, Asia and Africa. Our business is comprised of three reportable segments, two of which represent our primary businesses of fresh and value-added products and banana, and one that represents our other ancillary businesses. •Fresh and value-added products - includes pineapples, fresh-cut fruit, fresh-cut vegetables (which includes fresh-cut salads), melons, vegetables, non-tropical fruit (which includes grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), other fruit and vegetables, avocados, and prepared foods (which includes prepared fruit and vegetables, juices, other beverages, and meals and snacks). •Banana •Other products and services - includes our third-party freight and logistic services business and our Jordanian poultry and meats business. We evaluate performance based on several factors, of which net sales and gross profit are the primary financial measures (U.S. dollars in millions):
| Year ended
| December 29, 2023 |  | December 30, 2022 |  | December 31, 2021
| Net Sales |  | Gross Profit |  | Net Sales |  | Gross Profit |  | Net Sales |  | Gross Profit
Fresh and value-added products | $ | 2,477.8 |  |  | $ | 167.3 |  |  | $ | 2,581.8 |  |  | $ | 183.0 |  |  | $ | 2,504.8 |  |  | $ | 180.2 |
Banana | 1,638.2 |  |  | 163.3 |  |  | 1,619.8 |  |  | 120.7 |  |  | 1,581.1 |  |  | 110.9 |
Other products and services | 204.7 |  |  | 20.1 |  |  | 240.7 |  |  | 36.5 |  |  | 166.1 |  |  | 12.7 |
Totals | $ | 4,320.7 |  |  | $ | 350.7 |  |  | $ | 4,442.3 |  |  | $ | 340.2 |  |  | $ | 4,252.0 |  |  | $ | 303.8 |
The following table indicates our net sales by product (U.S. dollars in millions) and, in each case, the percentage of the total represented thereby:
| Year ended
| December 29, 2023 |  | December 30, 2022 |  | December 31, 2021
Segments: |  |  |  |  |  |  |  |  |  |  |
Fresh and value-added products: |  |  |  |  |  |  |  |  |  |  |
Fresh-cut fruit | $ | 536.2 |  |  | 12 | % |  | $ | 524.7 |  |  | 12 | % |  | $ | 493.5 |  |  | 12 | %
Fresh-cut vegetables | 327.7 |  |  | 8 | % |  | 341.4 |  |  | 8 | % |  | 366.3 |  |  | 9 | %
Pineapples | 622.3 |  |  | 14 | % |  | 584.6 |  |  | 13 | % |  | 534.4 |  |  | 13 | %
Avocados | 271.2 |  |  | 6 | % |  | 311.4 |  |  | 7 | % |  | 320.2 |  |  | 7 | %
Non-tropical fruit | 152.5 |  |  | 4 | % |  | 179.8 |  |  | 4 | % |  | 185.2 |  |  | 4 | %
Prepared foods | 270.9 |  |  | 6 | % |  | 293.4 |  |  | 6 | % |  | 281.2 |  |  | 6 | %
Melons | 95.7 |  |  | 2 | % |  | 94.4 |  |  | 2 | % |  | 67.6 |  |  | 2 | %
Tomatoes | 18.7 |  |  | — | % |  | 23.8 |  |  | 1 | % |  | 29.5 |  |  | 1 | %
Vegetables | 112.2 |  |  | 3 | % |  | 137.3 |  |  | 3 | % |  | 136.6 |  |  | 3 | %
Other fruit and vegetables | 70.4 |  |  | 2 | % |  | 91.0 |  |  | 2 | % |  | 90.3 |  |  | 2 | %
Total fresh and value-added products | 2,477.8 |  |  | 57 | % |  | 2,581.8 |  |  | 58 | % |  | 2,504.8 |  |  | 59 | %
Banana | 1,638.2 |  |  | 38 | % |  | 1,619.8 |  |  | 37 | % |  | 1,581.1 |  |  | 37 | %
Other products and services | 204.7 |  |  | 5 | % |  | 240.7 |  |  | 5 | % |  | 166.1 |  |  | 4 | %
Total | $ | 4,320.7 |  |  | 100 | % |  | $ | 4,442.3 |  |  | 100 | % |  | $ | 4,252.0 |  |  | 100 | %
The following table indicates our net sales by geographic region (U.S. dollars in millions):
| Year ended
Net sales by geographic region: | December 29, 2023 |  | December 30, 2022 |  | December 31, 2021
North America | $ | 2,578.7 |  |  | $ | 2,721.3 |  |  | $ | 2,570.2 |
Europe | 830.9 |  |  | 760.5 |  |  | 696.5 |
Asia | 446.4 |  |  | 451.0 |  |  | 488.4 |
Middle East | 384.9 |  |  | 427.9 |  |  | 433.0 |
Other | 79.8 |  |  | 81.6 |  |  | 63.9 |
Total net sales | $ | 4,320.7 |  |  | $ | 4,442.3 |  |  | $ | 4,252.0 |
North America accounted for approximately 60% of our net sales for 2023, 61% for 2022 and 60% for 2021. Our earnings are heavily dependent on operations located worldwide; however, our net sales are not dependent on any particular country other than the United States, with no other country accounting for greater than 10% of our net sales in 2023, 2022 and 2021. These operations are a significant factor in the economies of some of the countries in which we operate and are subject to the risks that are inherent in operating in such countries, including government regulations, currency and ownership restrictions and risk of expropriation. Walmart accounted for 9% of our net sales in 2023, 8% of net sales in 2022 and 7% in 2021. These sales are reported in the banana and fresh and value-added products segments. In 2023, our top 10 customers accounted for approximately 31% of net sales as compared with 29% during 2022 and 30% for 2021. The following tables indicate our (i) property, plant, and equipment, net by location and (ii) total assets by location (U.S. dollars in millions):
Property, plant and equipment, net: | December 29, 2023 |  | December 30, 2022
North America | $ | 175.5 |  |  | $ | 191.7 |
Europe | 34.9 |  |  | 28.8 |
Middle East | 52.5 |  |  | 49.2 |
Africa | 37.0 |  |  | 37.8 |
Asia | 94.4 |  |  | 104.5 |
Central America | 624.7 |  |  | 635.5 |
South America | 51.7 |  |  | 66.4 |
Maritime equipment (including containers) | 181.2 |  |  | 190.1 |
Corporate | 4.5 |  |  | 5.5 |
Total property, plant and equipment, net | $ | 1,256.4 |  |  | $ | 1,309.5 |
Total assets: | December 29, 2023 |  | December 30, 2022
North America | $ | 744.8 |  |  | $ | 929.0 |
Europe | 349.4 |  |  | 330.6 |
Middle East | 239.1 |  |  | 281.7 |
Africa | 150.9 |  |  | 164.2 |
Asia | 242.1 |  |  | 250.4 |
Central America | 1,020.5 |  |  | 1,023.1 |
South America | 134.5 |  |  | 170.1 |
Maritime equipment (including containers) | 187.7 |  |  | 193.7 |
Corporate | 115.1 |  |  | 116.1 |
Total assets | $ | 3,184.1 |  |  | $ | 3,458.9 |
Management reviews assets on the basis of geographic region and not by reportable segment, which more closely aligns our capital investment with demand for our products. Costa Rica is our most significant sourcing location and represented approximately 36% of our property, plant and equipment as of December 29, 2023. Excluding the U.S., no other country other than Costa Rica accounted for greater than 10% of our property, plant and equipment as of the years ended December 29, 2023 and December 30, 2022. Total assets by geographic area represent those assets used in the operations of each geographic area.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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