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Asset Impairment and Other Charges (Credits), Net | 9 Months Ended
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Sep. 27, 2024
Asset Impairment and Other Charges (Credits), Net [Abstract] |
Asset Impairment and Other Charges (Credits), Net | The following represents a summary of asset impairment and other (credits) charges, net recorded during the quarters and nine months ended September 27, 2024 and September 29, 2023 (U.S. dollars in millions):
| Quarter ended |  | Nine months ended
| September 27, 2024 |  | September 27, 2024
| 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 |
Philippines impairment of banana-related fixed assets | — |  |  | — |  |  | — |  |  | 1.2 |  |  | — |  |  | 1.2 |
Fresh and value-added products segment: |  |  |  |  |  |  |  |  |  |  |
Insurance recovery related to South American warehouse | — |  |  | — |  |  | — |  |  | — |  |  | (2.0) |  |  | (2.0) |
Reduction in repair reserves related to 2023 flooding in Greece (2) | — |  |  | — |  |  | — |  |  | (0.5) |  |  | — |  |  | (0.5) |
Chile property and equipment damage due to rain and windstorms |  |  | 0.2 |  |  | 0.2 |  |  | — |  |  | 0.2 |  |  | 0.2 |
Other: |  |  |  |  |  |  |  |  |  |  |
Legal settlement (3) | — |  |  | — |  |  | — |  |  | — |  |  | 1.8 |  |  | 1.8 |
Total asset impairment and other charges, net | $ | — |  |  | $ | 0.2 |  |  | $ | 0.2 |  |  | $ | 0.7 |  |  | $ | 0.5 |  |  | $ | 1.2 |
| Quarter ended |  | Nine months ended
| September 29, 2023 |  | September 29, 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: |  |  |  |  |  |  |  |  |  |  |
Impairment of low-yielding banana farms in the Philippines | $ | 3.7 |  |  | $ | — |  |  | $ | 3.7 |  |  | $ | 3.7 |  |  | $ | — |  |  | $ | 3.7 |
Fresh and value-added products segment: |  |  |  |  |  |  |  |  |  |  |
Impairment and write-off of property and equipment due to flooding in Greece (4) | 0.9 |  |  | — |  |  | 0.9 |  |  | 0.9 |  |  | — |  |  | 0.9 |
Impairment of low productivity grape vines in South America and related costs | — |  |  | — |  |  | — |  |  | 1.7 |  |  | 0.1 |  |  | 1.8 |
Other: |  |  |  |  |  |  |  |  |  |  |
2023 cybersecurity incident expenses (5) | — |  |  | (2.8) |  |  | (2.8) |  |  | — |  |  | 1.3 |  |  | 1.3 |
Impairment of assets related to idle land in Central and South America | 0.7 |  |  | — |  |  | 0.7 |  |  | 1.8 |  |  | — |  |  | 1.8 |
Total asset impairment and other charges, net | $ | 5.3 |  |  | $ | (2.8) |  |  | $ | 2.5 |  |  | $ | 8.1 |  |  | $ | 1.4 |  |  | $ | 9.5 |
(1) During the nine months ended September 27, 2024, we recorded a $0.5 million reserve relating to a potential regulatory matter. Refer to Note 9, “Commitments and Contingencies.” (2) Due to damages caused by severe flooding in Greece during the third quarter of 2023, we recorded reserves related to estimated damages to our property, plant and equipment. During the nine months ended September 27, 2024, we determined it was appropriate to reduce this reserve by $0.5 million based on actual repair charges incurred. (3) During the nine months ended September 27, 2024, we entered into a settlement agreement with respect to a litigation matter by a former employee regarding a legacy claim stemming from the 1970s. Accordingly, we incurred charges of $1.8 million, net of insurance reimbursements, associated with the settlement as of September 27, 2024. Refer to Note 9, “Commitments and Contingencies.” (4) During the nine months ended September 29, 2023, we incurred costs related to property and equipment damage of $0.9 million, primarily related to severe flooding caused by heavy rainstorms in Greece. (5) During the nine months ended September 29, 2023, we incurred cybersecurity expenses of $1.3 million, primarily related to the engagement of specialized legal counsel and other incident response advisors.

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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