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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill
The following table reflects our indefinite-lived intangible assets, including goodwill, and our definite-lived intangible assets along with related accumulated amortization by major category (U.S. dollars in millions):

December 27, 2024December 29, 2023
Goodwill$396.3 $401.9 
Indefinite-lived intangible assets:
Trademarks31.7 31.7 
Definite-lived intangible assets:
Definite-lived intangible assets10.6 10.6 
Accumulated amortization(9.1)(9.0)
Definite-lived intangible assets, net1.5 1.6 
Goodwill and other intangible assets, net$429.5 $435.2 
Schedule of Goodwill
The following table reflects the changes in the carrying amount of goodwill by business segment (U.S. dollars in millions):
BananasFresh and Value-Added ProductsTotals
Balance at December 30, 2022$64.1 $358.8 $422.9 
Foreign exchange0.3 0.3 0.6 
Impairment charges— (21.6)(21.6)
Balance at December 29, 2023$64.4 $337.5 $401.9 
Foreign exchange(0.2)— (0.2)
Goodwill allocated to disposal of fresh-cut vegetable assets— (4.0)(4.0)
Impairment charges— (1.4)(1.4)
Balance at December 27, 2024$64.2 $332.1 $396.3 
Schedule of Sensitivities of Goodwill and Intangible Assets at Risk
The following table highlights the sensitivities of the indefinite-lived intangibles as of December 27, 2024 (U.S. dollars in millions):
Banana
Reporting Unit
Goodwill
Prepared Foods
Reporting Unit
Goodwill
Prepared Foods Reporting Unit 
Del Monte®
Trade Names and Trademarks
Carrying value of indefinite-lived intangible assets$64.2 $27.1 $31.7 
Approximate percentage by which the fair value exceeds the carrying value based on the annual impairment test17.7 %8.6 %40.9 %
Amount that a one percentage point increase in the discount rate and a 5% decrease in cash flows would cause the carrying value to exceed the fair value and trigger an impairment$57.5 $27.1 $— 

Results of 2023 Impairment Tests
Based on the results of our 2023 impairment test and due to underperformance in our prepared foods business in North America and Europe, coupled with an increase in the discount rates used, we incurred an impairment charge of $21.6 million for which the fair value was determined to be $27.2 million.
Schedule of Expected Amortization Expense he estimated amortization expense related to definite-lived intangible assets for the five succeeding years is as follows (U.S. dollars in millions):
 
YearEstimated Amortization Expense
2025$0.1 
20260.1 
20270.1 
20280.1 
20290.1