Asset Impairment and Other Charges (Credits), Net (Tables)

3 Months Ended

Mar. 29, 2024

Asset Impairment and Other Charges (Credits), Net [Abstract]

Summary of asset impairment and exit activity and other charges (credits)

The following represents a summary of asset impairment and other charges, net recorded during the quarters ended March 29, 2024 and March 31, 2023 (U.S. dollars in millions):


	Quarter ended						Quarter ended
	March 29, 2024						March 31, 2023
	Long-lived and other asset impairment		Exit activity and other charges		Total		Long-lived and other asset impairment		Exit activity and other charges		Total
Banana segment:
California Air Resource Board reserve (1)	$	—	$	0.5	$	0.5	$	—	$	—	$	—







Other:
Legal settlement (2)	—		1.8		1.8		—		—		—

2023 cybersecurity incident expenses (3)	—		—		—		—		2.4		2.4

Total asset impairment and other charges, net	$	—	$	2.3	$	2.3	$	—	$	2.4	$	2.4

(1) During the three months ended March 29, 2024, we recorded a $0.5 million reserve relating to a potential liability arising from our third-party logistics operation. Refer to Note 9, “Commitments and Contingencies.”

(2) Subsequent to March 29, 2024, we entered into a settlement agreement with respect to a litigation matter by a former employee. This matter was in the discovery phase until the first quarter of 2024, when the court set the expected trial date and the parties began to discuss settlement. Accordingly, we accrued $1.8 million, net of insurance reimbursements, associated with the settlement as of March 29, 2024.

(3) During the three months ended March 31, 2023, we incurred cybersecurity expenses of $2.4 million, primarily related to the engagement of specialized legal counsel and other incident response advisors.