XML 56 R41.htm IDEA: XBRL DOCUMENT
v3.25.0.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The following table presents income tax expense (benefit) by selected jurisdiction for each of the years ended December 31, 2024, December 31, 2023 and December 31, 2022:
| Year Ended
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Current tax expense (benefit): | (U.S. Dollars in thousands)
Ireland | $ | 657 |  |  | $ | (92) |  |  | $ | 1,132 |
U.S. | 25,847 |  |  | 18,884 |  |  | (27,808) |
Foreign - excluding the U.S. and Ireland | 66,733 |  |  | 37,399 |  |  | 32,134 |
| 93,237 |  |  | 56,191 |  |  | 5,458 |
Deferred tax expense (benefit): |  |  |  |  |
Ireland | 163 |  |  | (235) |  |  | (115) |
U.S. | (5,916) |  |  | (4,562) |  |  | (8,916) |
Foreign - excluding the U.S. and Ireland | (11,835) |  |  | (7,803) |  |  | (22,030) |
| (17,588) |  |  | (12,600) |  |  | (31,061) |
| $ | 75,649 |  |  | $ | 43,591 |  |  | $ | (25,603) |
Schedule of Income before Income Tax, Domestic and Foreign | consisted of the following:
| Year Ended
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
| (U.S. Dollars in thousands)
Ireland | $ | 120 |  |  | $ | (13,119) |  |  | $ | 536 |
U.S. | 37,856 |  |  | 41,798 |  |  | (20,188) |
Foreign - excluding the U.S. and Ireland | 201,664 |  |  | 177,248 |  |  | 155,553 |
| $ | 239,640 |  |  | $ | 205,927 |  |  | $ | 135,901 |
Schedule of Effective Income Tax Rate Reconciliation | The differences between the reported income tax expense (benefit) and income tax expense (benefit) computed at the Irish statutory income tax rate of 12.5%, the trading income tax rate of the Company’s country of domicile, for the years ended December 31, 2024, December 31, 2023 and December 31, 2022, are explained in the following reconciliation:
| Year Ended
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
| (U.S. Dollars in thousands)
Expense (benefit) computed at the Irish statutory rate of 12.5% | $ | 29,955 |  |  | $ | 25,741 |  |  | $ | 16,987 |
Effects of: |  |  |  |  |
Foreign income taxed at different rates | 35,969 |  |  | 26,471 |  |  | 3,057 |
Nondeductible goodwill impairment | 4,526 |  |  | — |  |  | — |
Foreign currency remeasurement effects | (2,512) |  |  | (7,632) |  |  | (2,564) |
Change in valuation allowances | (7,961) |  |  | (15,366) |  |  | 5,183 |
Expenses not deductible for income tax purposes | 7,289 |  |  | 3,393 |  |  | 2,669 |
Income not taxable | (1,179) |  |  | (1,962) |  |  | (4,238) |
Interest expense not deductible for income tax purposes | 830 |  |  | — |  |  | 1,659 |
Changes in unrecognized tax benefits, net of indirect effects | 5,123 |  |  | (2,349) |  |  | (37,763) |
Recognition of deferred tax assets in respect of prior periods | — |  |  | — |  |  | (4,523) |
Changes in estimates made in respect of prior periods | 3,609 |  |  | 15,307 |  |  | (6,054) |
Other items | — |  |  | (12) |  |  | (16) |
Income tax expense (benefit) | $ | 75,649 |  |  | $ | 43,591 |  |  | $ | (25,603) |
Schedule Of Deferred Tax | Deferred tax (benefit) recognized directly in other comprehensive income (loss) was as follows:
| Year Ended
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
| (U.S. Dollars in thousands)
Pension and postretirement benefits | $ | (4,527) |  |  | $ | (3,549) |  |  | $ | (4,847) |
Derivatives | (578) |  |  | (5,213) |  |  | (10,598) |
Equity method investments | — |  |  | 138 |  |  | (138) |
Total deferred tax expense recognized in other comprehensive income (loss) | $ | (5,105) |  |  | $ | (8,624) |  |  | $ | (15,583) |
Schedule of Deferred Tax Assets and Liabilities | The following table provides details of the principal components of our deferred tax assets and liabilities as of December 31, 2024 and December 31, 2023:
| December 31, 2024 |  | December 31, 2023
Deferred tax assets: | (U.S. Dollars in thousands)
Other intangible assets | $ | 1,154 |  | $ | 1,567
Property, plant and equipment | 37,652 |  | 41,788
Operating leases | 47,586 |  | 55,853
Accounts payable and accrued liabilities | 30,503 |  | 21,356
Pension and postretirement benefits | 27,222 |  | 26,186
Operating loss carry-forwards | 121,788 |  | 116,937
Tax credit carry-forwards | 1,904 |  | 1,697
Investments in unconsolidated affiliates | 980 |  | 1,416
Other | 18,817 |  | 19,971
Total deferred tax assets | 287,606 |  | 286,771
Valuation allowances | (64,424) |  | (75,462)
Offset against deferred tax liabilities | (140,698) |  | (144,824)
Total deferred tax assets, net | $ | 82,484 |  | $ | 66,485
Deferred tax liabilities: |  |  |
Other intangible assets | $ | 6,692 |  | $ | 14,580
DOLE brand | 76,570 |  | 76,570
Property, plant and equipment | 71,600 |  | 74,326
Operating lease right-of-use assets | 46,997 |  | 54,698
Accounts payable and accrued liabilities | 4,294 |  | 3,215
Pension and postretirement benefits | 5,923 |  | 7,226
Investments in unconsolidated affiliates | 152 |  | 714
Other | 8,068 |  | 6,148
Total deferred tax liabilities | 220,296 |  | 237,477
Offset against deferred tax assets | (140,698) |  | (144,824)
Total deferred tax liabilities, net | $ | 79,598 |  | $ | 92,653
Summary of Operating Loss Carryforwards | As of December 31, 2024, Dole had approximately $1.0 billion of operating loss carryforwards expiring as follows:
| Ireland |  | U.S. |  | Foreign (excluding U.S. and Ireland) |  | Total
| (U.S. Dollars in thousands)
2025 | $ | — |  | $ | 34,384 |  | $ | 10 |  | $ | 34,394
2026 | — |  | 19,340 |  | — |  | 19,340
2027 | — |  | 26,295 |  | 1,516 |  | 27,811
2028 | — |  | 23,167 |  | 2,890 |  | 26,057
2029 | — |  | 27,300 |  | 10,001 |  | 37,301
2030-2045 | — |  | 441,087 |  | 4,370 |  | 445,457
Indefinite | 41,666 |  | 276,522 |  | 109,387 |  | 427,575
Total | $ | 41,666 |  | $ | 848,095 |  | $ | 128,174 |  | $ | 1,017,935
Summary of Valuation Allowance | The following table presents the movement in the valuation allowance for the years ended December 31, 2024, December 31, 2023 and December 31, 2022:
|  | Amount
|  | (U.S. Dollars in thousands)
Balance as of December 31, 2021 |  | $ | 87,966 |
Changes on acquisition/disposal |  | (723) |
Increase recognized in the income statement |  | 7,675 |
Decrease recognized in the income statement |  | (2,492) |
Changes in other comprehensive income |  | (234) |
Translation adjustments |  | (1,247) |
Balance as of December 31, 2022 |  | 90,945 |
Increase recognized in the income statement |  | 8,036 |
Decrease recognized in the income statement |  | (23,402) |
Translation adjustments |  | (117) |
Balance as of December 31, 2023 |  | 75,462 |
Increase recognized in the income statement |  | 1,156 |
Decrease recognized in the income statement |  | (9,117) |
Translation adjustments |  | (3,077) |
Balance as of December 31, 2024 |  | $ | 64,424 |
Schedule of Unrecognized Tax Benefits Roll Forward | A reconciliation of the beginning and ending amount of unrecognized tax benefits (excluding interest and penalties) is as follows:
|  | Amount
|  | (U.S. Dollars in thousands)
Balance as of December 31, 2021 |  | $ | 48,081
Settlements |  | (1,047)
Decreases due to lapse of statute of limitations |  | (35,694)
Translation adjustments |  | (607)
Balance as of December 31, 2022 |  | 10,733
Decreases due to lapse of statute of limitations |  | (2,952)
Translation adjustments |  | 212
Balance as of December 31, 2023 |  | 7,993
Increases due to tax positions taken in the current year |  | 5,488
Decreases due to lapse of statute of limitations |  | (2,992)
Translation adjustments |  | (267)
Balance as of December 31, 2024 |  | $ | 10,222

X
- Definition Schedule Of Deferred Tax Recognized Directly in Other Comprehensive Income + References No definition available. + Details
Name: | dole_ScheduleOfDeferredTaxRecognizedDirectlyInOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | dole_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-3 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration