XML 63 R48.htm IDEA: XBRL DOCUMENT v3.25.0.1

LEASES (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Schedule of Lease Positions, Terms and Discount Rates

The following tables present the lease-related assets and liabilities recorded in the consolidated balance sheets:

			Lease-related assets as of December 31, 2024												Lease-related assets as of December 31, 2023
			Operating lease right-of-use assets						Property, plant & equipment, net						Operating lease right-of-use assets						Property, plant & equipment, net
			(U.S. Dollars in thousands)
Operating leases			$	337,468					$	—					$	340,458					$	—
Finance leases			—						76,257						—						31,618
			$	337,468					$	76,257					$	340,458					$	31,618

			Lease-related liabilities as of December 31, 2024
			Current maturities of operating leases						Operating leases, less current maturities						Current portion of long-term debt, net						Long-term debt, net
			(U.S. Dollars in thousands)
Operating leases			$	62,896					$	280,836					$	—					$	—
Finance leases			—						—						45,229						28,789
			$	62,896					$	280,836					$	45,229					$	28,789

			Lease-related liabilities as of December 31, 2023
			Current maturities of operating leases						Operating leases, less current maturities						Current portion of long-term debt, net						Long-term debt, net
			(U.S. Dollars in thousands)
Operating leases			$	63,653					$	287,991					$	—					$	—
Finance leases			—						—						7,573						25,611
			$	63,653					$	287,991					$	7,573					$	25,611

The weighted-average remaining lease term and discount rate for the Company’s lease profile as of December 31, 2024 and December 31, 2023 was as follows:

			December 31, 2024						December 31, 2023
Weighted-average remaining lease term (in years):
Operating leases			6.9						8.0
Finance leases			7.8						5.8

			December 31, 2024						December 31, 2023
Weighted-average discount rate (%):
Operating leases			5.5%						5.2%
Finance leases			5.5%						4.2%

In the ordinary course of business, Dole enters into a number of lease agreements with related parties. During the periods presented, Dole, as a lessee, had the following lease liability balances with related parties:

			Lease-related Liabilities with Related Parties as of December 31, 2024												Lease-related Liabilities with Related Parties as of December 31, 2023
			Current maturities of operating leases						Operating leases, less current maturities						Current maturities of operating leases						Operating leases, less current maturities
			(U.S. Dollars in thousands)
Operating leases			$	3,346					$	13,916					$	4,179					$	18,136
Finance leases			—						—						895						—
			$	3,346					$	13,916					$	5,074					$	18,136

Schedule of Lease Costs And Supplemental Cash Flow Data

The following table presents certain information related to lease costs for finance and operating leases for the years ended December 31, 2024, December 31, 2023 and December 31, 2022:

			Year Ended
			December 31, 2024						December 31, 2023						December 31, 2022
Finance lease costs:			(U.S. Dollars in thousands)
Depreciation of lease assets			$	9,096					$	6,852					$	9,740
Interest on lease liabilities			2,560						1,188						1,223
Operating lease costs			59,311						61,872						65,487
Short-term lease costs			28,477						21,420						14,219
Variable lease costs			8,480						12,320						17,631
Sublease income			(134)						(346)						(684)
Total lease costs			$	107,790					$	103,306					$	107,616

The following represents the disaggregation of certain cash flow supplementary data by finance and operating lease classifications:

			Year Ended
			December 31, 2024						December 31, 2023						December 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:			(U.S. Dollars in thousands)
Operating cash flows from finance leases			$	2,560					$	1,188					$	1,223
Operating cash flows from operating leases			64,022						63,844						66,684
Financing cash flows from finance leases			13,648						7,393						8,183

			Year Ended
			December 31, 2024						December 31, 2023						December 31, 2022
			(U.S. Dollars in thousands)
Right-of-use assets obtained in exchange for finance lease liabilities			$	53,296					$	9,045					$	776
Right-of-use assets obtained in exchange for operating lease liabilities			83,434						86,907						91,063

Schedule of Operating Lease Liability Maturity

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance and operating lease liabilities recorded on the balance sheet as of December 31, 2024:

			Finance Leases						Operating Leases
			(U.S. Dollars in thousands)
2025			$	46,841					$	81,033
2026			7,301						71,168
2027			7,256						63,687
2028			7,337						45,362
2029			4,676						37,926
Thereafter			6,106						121,023
Total lease payments			79,517						420,199
Less: present value discount			(5,499)						(76,467)
			$	74,018					$	343,732

Schedule of Finance Lease Liability Maturity

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance and operating lease liabilities recorded on the balance sheet as of December 31, 2024:

			Finance Leases						Operating Leases
			(U.S. Dollars in thousands)
2025			$	46,841					$	81,033
2026			7,301						71,168
2027			7,256						63,687
2028			7,337						45,362
2029			4,676						37,926
Thereafter			6,106						121,023
Total lease payments			79,517						420,199
Less: present value discount			(5,499)						(76,467)
			$	74,018					$	343,732

Schedule of Lessor Rental Income

Rental income recognized on agreements where Dole acted as the lessor was as follows:

			Year Ended
			December 31, 2024						December 31, 2023						December 31, 2022
Rental income:			(U.S. Dollars in thousands)
Other income, net			$	8,011					$	8,633					$	11,005

X

- Definition

Assets And Liabilities, Lessee

+ References

No definition available.

+ Details

Name:	dole_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix:	dole_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-4

+ Details

Name:	us-gaap_LeaseCostTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_LeasesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478964/842-20-50-6

+ Details

Name:	us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of income from operating lease.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479773/842-30-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-6A

+ Details

Name:	us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration