v3.26.1
Asset Impairment and Other Charges, Net
 6 Months Ended
Jun. 26, 2026
Asset Impairment and Other Charges (Credits), Net [Abstract]  
Asset Impairment and Other Charges, Net Asset Impairment and Other Charges, Net

The following represents a summary of asset impairment and other charges, net recorded during the quarters and six months ended June 26, 2026 and June 27, 2025 (U.S. dollars in millions):

Quarter endedSix months ended
June 26, 2026June 26, 2026
Long-lived and other
asset impairment		 Exit activity and other
 charges		TotalLong-lived and other
asset impairment		 Exit activity and other
 charges		Total
Banana segment:
Impairment of banana farm assets in Costa Rica (1)
$— $10.6 $10.6 $— $10.6 $10.6 
Prepared segment:
Impairment of right-of-use asset (2)
— — — 16.1 — 16.1 
Venezuela property and equipment damage due to earthquake1.6 — 1.6 1.6 — 1.6 
Fresh and value-added products segment:
Other fresh and value-added products segment credits— (0.3)(0.3)— (0.3)(0.3)
Other:
Business transaction costs related to acquisition of Del Monte Foods (3)
— 2.9 2.9 — 6.4 6.4 
Severance costs for transition employees related to acquisition of Del Monte Foods — — — — 0.4 0.4 
Total asset impairment and other charges, net$1.6 $13.2 $14.8 $17.7 $17.1 $34.8 
Quarter endedSix months ended
June 27, 2025June 27, 2025
Long-lived and other
asset impairment		Exit activity and other
 charges		TotalLong-lived and other
asset impairment		Exit activity and other
 charges		Total
Fresh and value-added products segment:
Impairment of leased grape farm in Chile$0.6 $— $0.6 $0.6 $— $0.6 
Total asset impairment and other charges, net$0.6 $— $0.6 $0.6 $— $0.6 

(1) During the quarter and six months ended June 26, 2026, we closed four banana farms in Costa Rica as a result of low profitability and reduced production. As a result, we recorded impairment charges of $10.6 million related to property, plant and equipment, primarily related to improvements which could not be moved to other farms.

(2) During the six months ended June 26, 2026, we recorded impairment charges of $16.1 million related to right-of-use assets acquired from Del Monte Foods for product lines we do not intend to operate. See Note 3, "Acquisitions".

(3) During the quarter and six months ended June 26, 2026, we recorded $2.9 million and $6.4 million, respectively, in business transaction costs, primarily related to transaction advisory fees, legal, consulting, and accounting expenses, related to our acquisition of Del Monte Foods. See Note 3, “Acquisitions”.