Fresh Del Monte Produce (FDP) 10-Q 28 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 26, 2015	Jul. 17, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	FRESH DEL MONTE PRODUCE INC
Entity Central Index Key	1,047,340
Current Fiscal Year End Date	--01-01
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 26, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		52,466,980

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Jun. 26, 2015	Dec. 26, 2014
Current assets:
Cash and cash equivalents		$ 34.4	$ 34.1
Trade accounts receivable, net of allowance of $10.0 and $10.7, respectively		390.2	344.6
Other accounts receivable, net of allowance of $4.4 and $4.5, respectively		69.9	69
Inventories, net		453.5	516.1
Deferred income taxes		11.9	12.3
Prepaid expenses and other current assets		63.2	64.8
Total current assets		1,023.1	1,040.9
Investments in and advances to unconsolidated companies		2	2
Property, plant and equipment, net		1,180.6	1,170.2
Deferred income taxes		45.3	45.8
Other noncurrent assets		88.3	85.9
Goodwill		330.3	330.5
Total assets		2,669.6	2,675.3
Current liabilities:
Accounts payable and accrued expenses		377.7	382.1
Current portion of long-term debt and capital lease obligations		1.8	2.2
Deferred income taxes		17.7	18.3
Income taxes and other taxes payable		13.4	6.8
Total current liabilities		410.6	409.4
Long-term debt and capital lease obligations		207	264.7
Retirement benefits		89.6	89.8
Other noncurrent liabilities		52.7	49.5
Deferred income taxes		74.2	74
Total liabilities		$ 834.1	$ 887.4
Commitments and contingencies
Shareholders' equity:
Preferred shares, $0.01 par value; 50,000,000 shares authorized; none issued or outstanding		$ 0	$ 0
Ordinary shares, $0.01 par value; 200,000,000 shares authorized; 52,692,566 and 53,899,923 issued and outstanding, respectively		0.5	0.5
Paid-in capital		551.2	546.4
Retained earnings		1,244.2	1,198.4
Accumulated other comprehensive loss	[1]	(3.2)	2.6
Total Fresh Del Monte Produce Inc. shareholders' equity		1,792.7	1,747.9
Noncontrolling interests		42.8	40
Total shareholders' equity		1,835.5	1,787.9
Total liabilities and shareholders' equity		$ 2,669.6	$ 2,675.3
[1]	All amounts are net of tax and noncontrolling interest.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Millions	Jun. 26, 2015	Dec. 26, 2014
Statement of Financial Position [Abstract]
Allowance for Trade accounts receivable	$ 10	$ 10.7
Allowance for Other accounts receivable	$ 4.4	$ 4.5
Ordinary shares, par value	$ 0.01	$ 0.01
Ordinary shares, authorized	200,000,000	200,000,000
Ordinary shares, issued	52,692,566	53,899,923
Ordinary shares, outstanding	52,692,566	53,899,923
Preferred shares, par value	$ 0.01	$ 0.01
Preferred shares, authorized	50,000,000	50,000,000
Preferred shares, issued	0	0
Preferred shares, outstanding	0	0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014	Jun. 26, 2015	Jun. 27, 2014
Income Statement [Abstract]
Net sales	$ 1,134.1	$ 1,131.3	$ 2,142.5	$ 2,113.6
Cost of products sold	1,020.1	1,009.8	1,928.1	1,885.4
Gross profit	114	121.5	214.4	228.2
Selling, general and administrative expenses	41.9	44.3	85.8	88
Gain on disposal of property, plant and equipment	1	0.1	2.2	0.2
Asset impairment and other charges (credit), net	(0.5)	2	0.9	(0.1)
Operating income	73.6	75.3	129.9	140.5
Interest expense	1.3	1.2	2.6	2.2
Interest income	0.1	0.3	0.2	0.3
Other expense (income), net	0.1	3.6	6	2.9
Income before income taxes	72.3	70.8	121.5	135.7
Provision for income taxes	6.4	5.4	11.4	11.4
Net income	65.9	65.4	110.1	124.3
Less: net income attributable to noncontrolling interests	1.4	1.1	3.1	1.4
Net income attributable to Fresh Del Monte Produce Inc.	$ 64.5	$ 64.3	$ 107	$ 122.9
Net income per ordinary share attributable to Fresh Del Monte Produce Inc. - Basic (in dollars per share)	$ 1.22	$ 1.15	$ 2.03	$ 2.19
Net income per ordinary share attributable to Fresh Del Monte Produce Inc. - Diluted (in dollars per share)	1.21	1.15	2.01	2.18
Dividends declared per ordinary share	$ 0.125	$ 0.125	$ 0.250	$ 0.250
Weighted average number of ordinary shares:
Basic (in shares)	52,655,228	55,719,554	52,831,466	56,100,702
Diluted (in shares)	53,147,604	56,078,575	53,278,723	56,443,057

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014	Jun. 26, 2015	Jun. 27, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 65.9	$ 65.4	$ 110.1	$ 124.3
Other comprehensive income
Net unrealized (loss) gain on derivatives	(11.6)	1.4	(0.1)	(0.4)
Net unrealized foreign currency translation gain (loss)	3.8	2.9	(6.6)	2.3
Net change in retirement benefit adjustment, net of tax	0.4	0.4	0.7	0.7
Comprehensive income	58.5	70.1	104.1	126.9
Less: comprehensive income attributable to noncontrolling interests	1.3	1.6	3	1.6
Comprehensive income attributable to Fresh Del Monte Produce Inc.	$ 57.2	$ 68.5	$ 101.1	$ 125.3

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) shares in Millions, $ in Millions	6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014
Operating activities:
Net income	$ 110.1	$ 124.3
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	35.9	36.1
Amortization of debt issuance costs	0.2	0.2
Stock-based compensation expense	6.4	5.5
Asset impairment, net	1.4	0.3
Change in uncertain tax positions	0.1	0.2
Gain on sales of property, plant and equipment	(2.2)	(0.2)
Deferred income taxes	0	(5.6)
Excess tax benefit from stock-based compensation	(0.3)	0
Foreign currency translation adjustment	(2.3)	2.4
Changes in operating assets and liabilities:
Receivables	(48.4)	(65.5)
Inventories	56.7	62.8
Prepaid expenses and other current assets	(1.9)	(8.4)
Accounts payable and accrued expenses	22.1	41.5
Other noncurrent assets and liabilities	1.7	(0.8)
Net cash provided by operating activities	179.5	192.8
Investing activities:
Capital expenditures	(52.5)	(81.9)
Proceeds from sales of property, plant and equipment	5.8	0.8
Net cash used in investing activities	(46.7)	(81.1)
Financing activities:
Proceeds from long-term debt	281.2	254.3
Payments on long-term debt	(340)	(325.1)
Contributions from noncontrolling interests, net	(0.2)	5
Proceeds from stock options exercised	19.7	7.7
Excess tax benefit from stock-based compensation	0.3	0
Dividends paid	(13.1)	(14.2)
Repurchase and retirement of ordinary shares	(84.8)	(35.2)
Net cash used in financing activities	(136.9)	(107.5)
Effect of exchange rate changes on cash	4.4	0.8
Net decrease in cash and cash equivalents	0.3	5
Cash and cash equivalents, beginning	34.1	42.5
Cash and cash equivalents, ending	34.4	47.5
Supplemental cash flow information:
Cash paid for interest	2.2	2
Cash paid for income taxes	2	6.2
Non-cash financing and investing activities:
Purchases of assets under capital lease obligations	$ 0.7	$ 0.8
Retirement of ordinary shares	69.7	35.9

General

General	6 Months Ended
	Jun. 26, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General Reference in this report to Fresh Del Monte, “we”, “our”, “us” and the “Company” refer to Fresh Del Monte Produce Inc. and its subsidiaries, unless the context indicates otherwise. We were incorporated under the laws of the Cayman Islands in 1996 and are engaged primarily in the worldwide production, transportation and marketing of fresh produce. We source our products, which include bananas, pineapples, melons and non-tropical fruit (including grapes, apples, pears, peaches, plums, nectarines, avocados, citrus and kiwis) and tomatoes, primarily from Central America, North America, South America, Africa, the Philippines and Europe. We distribute our products in North America, Europe, Asia, South America, Africa and the Middle East. Our products are sourced from our Company-owned farms, through joint venture arrangements and through supply contracts with independent growers. We have the exclusive right to use the DEL MONTE ® brand for fresh fruit, fresh vegetables and other fresh and fresh-cut produce and certain other specified products on a royalty-free basis under a worldwide, perpetual license from Del Monte Corporation, an unaffiliated company that owns the DEL MONTE ® trademark. We are also a producer, marketer and distributor of prepared fruit and vegetable, juices and snacks and we hold a perpetual, royalty-free license to use the DEL MONTE ® brand for prepared foods throughout Europe, Africa, the Middle East and countries formerly part of the Soviet Union. Del Monte Corporation and several other unaffiliated companies manufacture, distribute and sell under the DEL MONTE ® brand canned or processed fruit, vegetables and other produce, as well as dried fruit, snacks and other products in certain geographic regions. The accompanying unaudited Consolidated Financial Statements for the quarter and six months ended June 26, 2015 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. They do not include all information and notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments of a normal recurring nature considered necessary for fair presentation have been included. Operating results for the quarter and six months ended June 26, 2015 are subject to significant seasonal variations and are not necessarily indicative of the results that may be expected for the year ending January 1, 2016 . For further information, refer to the Consolidated Financial Statements and notes thereto included in our annual report on Form 10-K for the fiscal year ended December 26, 2014 . We are required to evaluate events occurring after June 26, 2015 for recognition and disclosure in the Consolidated Financial Statements for the quarter and six months ended June 26, 2015 . Events are evaluated based on whether they represent information existing as of June 26, 2015 , which require recognition in the Consolidated Financial Statements, or new events occurring after June 26, 2015 , which do not require recognition but require disclosure if the event is significant to the Consolidated Financial Statements. We evaluated events occurring subsequent to June 26, 2015 through the date of issuance of these Consolidated Financial Statements.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 26, 2015
Recently Issued Accounting Pronouncements [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Recently Issued Accounting Pronouncements In April 2015, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU") which changes the presentation of debt issuance costs in financial statements. Under the ASU, an entity presents such costs in the balance sheet as a direct deduction from the related debt liability rather than as an asset. Amortization of the costs is reported as interest expense. The amendment in this ASU will be effective for us beginning the first day of our 2016 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows, but do not expect this ASU to have a significant effect. In April 2015, the FASB issued an ASU which provides a practical expedient to measure defined benefit plans assets and obligations using the month-end that is closest to the entity's fiscal year-end. Further, if a contribution or significant event occurs between the month-end date used to measure defined benefit plan asset and obligations and an entity's fiscal year-end, the entity should adjust the measurement of defined plan assets and obligations to reflect of those contributions of significant events. However, an entity should not adjust the measurement of defined benefit plan asset and obligations for other events that occur between the month-end measurement and the entity's fiscal year-end that are not caused by the entity. The amendment in this ASU will be effective for us beginning the first day of our 2016 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows, but do not expect this ASU to have a significant effect. 2. Recently Issued Accounting Pronouncements (continued) In February 2015, the FASB issued an ASU which amends certain requirements in ASC 810 for determining whether a variable interest entity must be consolidated. The amendment in this ASU will be effective for us beginning the first day of our 2016 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows, but do not expect this ASU to have a significant effect. In August 2014, the FASB issued an ASU related to how a reporting entity must report its going-concern uncertainties in its financial statements. The new standard requires that management perform interim and annual assessments of its ability to continue as a going concern within one year of the date of issuance of its financial statements. We would be required to provide certain disclosure if there is "substantial doubt about our ability to continue as a going concern." According to the FASB, this update is meant to enhance the timeliness, clarity, and consistency of related disclosure and improve convergence with International Financial Reporting Standards, which emphasize management's responsibility for performing the going concern assessment. The amendment in this ASU will be effective for us for the annual period ending 2016. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial disclosures, but do not expect this ASU to have a significant effect. In June 2014, the FASB issued an ASU related to stock compensation. The new standard requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. The update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the periods for which the requisite service has already been rendered. The amendments in this ASU will be effective for us beginning the first interim period of our 2016 fiscal year and can be applied either prospectively or retrospectively to all awards outstanding as of the beginning of the earliest annual period presented as an adjustment to opening retained earnings. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows, but do not expect this ASU to have a significant effect. In May 2014, the FASB issued an ASU in the form of a comprehensive new revenue recognition standard that will supersede existing revenue guidance. The ASU's core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The standard outlines a five step model, whereby revenue is recognized as performance obligations within a contract are satisfied. The standard also requires new, expanded disclosures regarding revenue recognition. The amendments in this ASU will be effective for us beginning the first day of our 2018 fiscal year. Early adoption is not permitted. The standard permits the use of either the retrospective or cumulative effect transition method. We have not yet selected a transition method. We are evaluating the impact of adoption of this ASU on our financial condition, result of operations and cash flows, but do not expect this ASU to have a significant effect.

Asset Impairment and Other Char

Asset Impairment and Other Charges, Net	6 Months Ended
	Jun. 26, 2015
Asset Impairment and Other Charges, Net [Abstract]
Restructuring, Impairment, and Other Activities Disclosure	Asset Impairment and Other Charges, Net The following represents a summary of asset impairment and other charges (credits), net recorded during the quarters and six months ended June 26, 2015 and June 27, 2014 (U.S. dollars in millions): Quarter ended Six months ended June 26, 2015 June 26, 2015 Long-lived Total Long-lived Total Banana segment: European Union Antitrust settlement gain $ — $ (0.8 ) $ (0.8 ) $ — $ (0.8 ) $ (0.8 ) Other fresh produce segment: Chile floods — 0.3 0.3 1.2 0.3 1.5 Other fresh produce segment charges (credits) — — — — (0.1 ) (0.1 ) Prepared food segment: Other prepared food segment charges — — — 0.2 0.1 0.3 Total asset impairment and other charges (credits), net $ — $ (0.5 ) $ (0.5 ) $ 1.4 $ (0.5 ) $ 0.9 Quarter ended Six months ended June 27, 2014 June 27, 2014 Long-lived Total Long-lived Total Banana segment: Brazil termination of employee benefits due to decision to discontinue banana exports $ — $ 1.0 $ 1.0 $ — $ 1.1 $ 1.1 United Kingdom contract termination on leased facility — 0.7 0.7 — 0.7 0.7 Other fresh produce segment: Hawaii favorable settlement of litigation — — — — (2.9 ) (2.9 ) Intangible asset write-off — — — 0.3 — 0.3 United Kingdom termination of employee benefits due to restructuring — 0.1 0.1 — 0.1 0.1 Prepared food segment: Germany termination of employee benefits due to restructuring — 0.2 0.2 — 0.6 0.6 Total asset impairment and other charges (credits), net $ — $ 2.0 $ 2.0 $ 0.3 $ (0.4 ) $ (0.1 ) 3 . Asset Impairment and Other Charges, Net (continued) Exit Activity and Other Reserves The following is a rollforward of 2015 exit activity and other reserves (U.S. dollars in millions): Exit activity and Impact to Cash Paid Foreign Exchange Impact Exit activity and Termination benefits $ 0.1 $ 0.1 $ (0.2 ) $ — $ — Contract termination and other exit activity charges 2.5 — (0.9 ) 0.3 1.9 $ 2.6 $ 0.1 $ (1.1 ) $ 0.3 $ 1.9 Exit activity and other reserve balances are included in accounts payable and accrued expenses at June 26, 2015 . These amounts are contract termination costs primarily related to the underutilized facilities in the United Kingdom, in the banana segment. We do not expect additional charges related to the exit and other activities mentioned above that would significantly impact our results of operations or financial condition.

Noncontrolling Interests

Noncontrolling Interests	6 Months Ended
	Jun. 26, 2015
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Noncontrolling Interests The following table reconciles shareholders’ equity attributable to noncontrolling interests (U.S. dollars in millions): Six months ended June 26, June 27, Noncontrolling interests, beginning $ 40.0 $ 38.1 Net income attributable to the noncontrolling interests 3.1 1.4 Translation adjustments (0.3 ) 0.4 Retirement benefit adjustment (0.1 ) (0.2 ) Capital contributions (to) from 0.1 (0.1 ) Noncontrolling interests, ending $ 42.8 $ 39.6

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 26, 2015
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities One of our Del Monte Gold ® Extra Sweet pineapple producers meets the definition of a Variable Interest Entity ("VIE") pursuant to the Accounting Standards Codification ("ASC") guidance on “ Consolidation ” and is consolidated. Our variable interest in this entity includes an equity investment and certain debt guarantees. All of this VIE's pineapple production is sold to us. Based on the criteria of this ASC, as amended, we are the primary beneficiary of this VIE’s expected residual returns or losses in excess of our ownership interest. Although we are the primary beneficiary, the VIE’s creditors do not have recourse against us. At June 26, 2015 , the VIE had total assets of $38.3 million and total liabilities of $7.4 million . The VIE had long-term debt of $2.2 million , which is collateralized by its property, plant and equipment are further guaranteed by a $2.2 million standby letter of credit issued by us. As of June 26, 2015 , the VIE is current on its long-term debt. There are no other restrictions on the assets of the VIE. We have provided funding for capital investments in the VIE in proportion to our voting interest. In the future, we may provide additional funding for capital investments to the VIE.

Financing Receivables

Financing Receivables	6 Months Ended
	Jun. 26, 2015
Receivables [Abstract]
Financing Receivables	Financing Receivables Financing receivables are included in other accounts receivable less allowances on our accompanying Consolidated Balance Sheets and are recognized at net realizable value, which approximates fair value. Other accounts receivable may include value-added taxes receivables, seasonal advances to growers and suppliers, which are usually short-term in nature, and other financing receivables. A significant portion of the fresh produce we sell is acquired through supply contracts with independent growers. In order to ensure the consistent high quality of our products and packaging, we make advances to independent growers and suppliers. These growers and suppliers typically sell all of their production to us and make payments on their advances as a deduction to the agreed upon selling price of the fruit or packaging material. The majority of the advances to growers and suppliers are for terms less than one year and typically span a growing season. In certain cases, there may be longer term advances with terms of up to 10 years. These advances are collateralized by property liens and pledges of the respective season’s produce; however, certain factors such as unfavorable weather conditions, crop disease and financial stability could impact the ability for these growers to repay their advance. Occasionally, we agree to a payment plan or take steps to recover the advance via established collateral. Reserves for uncollectible advances are determined on a case by case basis depending on the production for the season and other contributing factors. 6 . Financing Receivables (continued) The following table details financing receivables including the related allowance for doubtful accounts (U.S. dollars in millions): June 26, 2015 December 26, 2014 Short-term Long-term Short-term Long-term Gross advances to independent growers $ 33.3 $ 0.6 $ 33.5 $ 0.6 Allowance for advances to independent growers (2.0 ) — (2.4 ) — Net advances to independent growers $ 31.3 $ 0.6 $ 31.1 $ 0.6 The current and noncurrent portions of the financing receivables included above are classified in the Consolidated Balance Sheets in other accounts receivable and other noncurrent assets, respectively. The following table details the credit risk profile of the above listed financing receivables (U.S. dollars in millions): Current Past Due Total Gross advances to independent growers: June 26, 2015 $ 31.9 $ 2.0 $ 33.9 December 26, 2014 31.7 2.4 34.1 The allowance for doubtful accounts and the related financing receivables for the quarters and six months ended June 26, 2015 and June 27, 2014 were as follows (U.S. dollars in millions): Quarter ended Six months ended June 26, 2015 June 27, 2014 June 26, 2015 June 27, 2014 Allowance for advances to independent growers: Balance, beginning of period $ 1.9 $ 3.3 $ 2.4 $ 3.3 Provision for uncollectible amounts 0.1 0.6 0.1 0.6 Deductions to allowance related to write-offs — — (0.5 ) — Balance, end of period $ 2.0 $ 3.9 $ 2.0 $ 3.9

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 26, 2015
Share-based Compensation [Abstract]
Stock-Based Compensation	Stock-Based Compensation Our shareholders approved and ratified the 2014 Omnibus Share Incentive Plan (the “2014 Plan”), which allows us to grant equity-based compensation awards, including stock options, restricted stock awards and restricted stock units. We disclosed the significant terms of the 2014 Plan and prior plans in our annual financial statements included in our Annual Report on Form 10-K for the year ended December 26, 2014 . Stock-based compensation expense included in selling, general and administrative expenses related to stock options on a straight-line, single-award basis, restricted stock awards ("RSA"), restricted stock units ("RSUs") and performance stock units ("PSUs") included in the accompanying Consolidated Statements of Income were as follows (U.S. dollars in millions): Quarter ended Six months ended June 26, June 27, June 26, June 27, Stock Options $ 1.0 $ 1.3 $ 2.2 $ 2.8 RSUs/PSUs 1.7 1.0 3.5 2.0 RSAs — — 0.7 0.7 Total $ 2.7 $ 2.3 $ 6.4 $ 5.5 We realized an excess share-based payment deduction resulting from stock options exercised through a reduction in taxes currently payable and related effect on cash flows of $0.3 million for the six months ended June 26, 2015 . There were no excess share-based payment deductions resulting from stock options for the six months ended June 27, 2014. Proceeds of $19.7 million and $7.7 million were received from the issuance of stock-based options and awards for the six months ended June 26, 2015 and June 27, 2014 , respectively. Stock Option Awards Under the 2014 Plan and prior plans, 20% of the options usually vest immediately, and the remaining options vest in equal installments over the next four years. Options under the 2014 Plan and prior plans may be exercised over a period not in excess of 10 years from the date of the grant. Prior plan provisions are still applicable to outstanding options and awards under those plans. There were no stock option grants for the six months ended June 26, 2015. The following table lists the various stock option grants from our 2014 Plan for the six months ended June 27, 2014: Stock Option Grant Number of Options Granted Exercise Price Fair Value April 30, 2014 - Chairman and Chief Executive Officer 161,000 $ 28.89 $ 6.26 The fair value for stock options was estimated at the date of grant using the Black-Scholes option pricing model, which requires us to make certain assumptions. Volatility is estimated based on the historical volatility of our stock over the past five years. The risk-free interest rate is based on U.S. Treasury zero-coupon issues with a remaining term equal to the expected term of grant. The dividend yield is estimated over the expected term based on our dividend policy, historical cash dividends and expected future cash dividends. The expected term of grant was based on the contractual term of the stock option and expected employee exercise and post-vesting employment termination trends. Forfeitures are estimated based on historical experience. 7 . Stock-Based Compensation (continued) Restricted Stock Awards A share of “restricted stock” is one of our ordinary shares that has restrictions on transferability until certain vesting conditions are met. No RSAs have been issued under the 2014 Plan. For RSAs awarded under prior plans, 50% of each award of our restricted stock vested on the date it was granted. The remaining 50% of each award vests upon the six-month anniversary of the date on which the recipient ceases to serve as a member of our Board of Directors . Restricted stock awarded during the six months ended June 26, 2015 and June 27, 2014 allows directors to retain all of their awards once they cease to serve as a member of our Board of Directors and is considered a nonsubstantive service condition in accordance with the guidance provided by the ASC on “ Compensation – Stock Compensation ”. Accordingly, it is appropriate to recognize compensation cost immediately for restricted stock awards granted to non-management members of the Board of Directors. The following table lists the various restricted stock awards and related compensation expense under prior plans for the six months ended June 26, 2015 and June 27, 2014 (U.S. dollars in millions except share and per share data): Date of Award Shares of Price Per Share January 2, 2015 21,875 $ 33.60 January 2, 2014 26,117 28.15 Restricted Stock Units / Performance Stock Units Each RSU/PSU represents a contingent right to receive one of our ordinary shares. The PSUs are subject to meeting minimum performance criteria set by our Compensation Committee of our Board of Directors. The actual number of shares the recipient receives is determined based on the results achieved versus performance goals. Those performance goals are based on exceeding a measure of our earnings. Depending on the results achieved, the actual number of shares that an award recipient receives at the end of the period may range from 0% to 100% of the award units granted. Provided such criteria are met, the PSUs will vest in three equal annual installments on each of the next three anniversary dates provided that the recipient remains employed with us. The RSUs will vest 20% on the award date and 20% on each of the next four anniversaries. RSUs and PSUs do not have the voting rights of ordinary shares, and the shares underlying the RSUs and PSUs are not considered issued and outstanding. However, shares underlying PSUs are included in the calculation of diluted earnings per share to the extent the performance criteria are met. 7 . Stock-Based Compensation (continued) The fair market value for RSUs and PSUs is based on the closing price of our stock on the award date. Forfeitures are estimated based on population of employees and historical experiences. The following table lists the various RSUs and PSUs awarded under the 2014 Plan and prior plans for the six months ended June 26, 2015 and June 27, 2014 (U.S. dollars in millions except share and per share data): Date of Award Type of Award Units Awarded Price Per Share February 18, 2015 PSU 175,000 $ 33.44 February 18, 2015 RSU 50,000 33.44 February 19, 2014 PSU 165,000 25.52 RSUs and PSUs are eligible to earn Dividend Equivalent Units ("DEUs") equal to the cash dividend paid to ordinary shareholders. DEUs are subject to the same performance and/or service conditions as the underlying RSUs and PSUs and are forfeitable. We expense the fair market value of RSUs and PSUs, as determined on the date of award, ratably over the vesting period provided the performance condition, if any, is probable of attaining.

Inventories

Inventories	6 Months Ended
	Jun. 26, 2015
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following (U.S. dollars in millions): June 26, December 26, 2014 Finished goods $ 169.1 $ 198.7 Raw materials and packaging supplies 142.5 152.6 Growing crops 141.9 164.8 Total inventories $ 453.5 $ 516.1

Long-Term Debt and Capital Leas

Long-Term Debt and Capital Lease Obligations	6 Months Ended
	Jun. 26, 2015
Long-term Debt and Capital Lease Obligations [Abstract]
Long-Term Debt and Capital Lease Obligations	Long-Term Debt and Capital Lease Obligations The following is a summary of long-term debt and capital lease obligations (U.S. dollars in millions): June 26, December 26, Senior unsecured revolving credit facility (see Credit Facility below) $ 205.2 $ 262.5 Various other notes payable 2.1 3.4 Capital lease obligations 1.5 1.0 Total long-term debt and capital lease obligations 208.8 266.9 Less: Current portion (1.8 ) (2.2 ) Long-term debt and capital lease obligations $ 207.0 $ 264.7 9 . Long-Term Debt and Capital Lease Obligations (continued) Credit Facility On April 16, 2015, we entered into a five -year $800 million syndicated senior unsecured revolving credit facility maturing on April 15, 2020 (the "Credit Facility") with Bank of America, N.A. as administrative agent and Merrill Lynch, Pierce, Fenner & Smith Inc. as sole lead arranger and sole book manager. Borrowings under the Credit Facility bear interest at a spread over LIBOR that varies with our leverage ratio. The Credit Facility also includes a swing line facility and a letter of credit facility. On June 22, 2015, we entered into a renewable 364 -day, $25.0 million commercial and stand-by letter of credit facility with Rabobank Nederland. The following is a summary of the material terms of the Credit Facility and other working capital facilities at June 26, 2015 (U.S. dollars in millions): Term Maturity Interest Rate Borrowing Available Credit Facility 5 years April 15, 2020 1.44% $ 800.0 $ 594.8 Other working capital facilities Varies Varies Varies 44.1 18.2 $ 844.1 $ 613.0 The current margin for LIBOR advances is 1.25% . We intend to use funds borrowed under the Credit Facility from time to time for general corporate purposes, which may include the repayment, redemption or refinancing of our existing indebtedness, working capital needs, capital expenditures, funding of possible acquisitions, possible share repurchases and satisfaction of other obligations. The Credit Facility requires us to comply with financial and other covenants, including limitations on capital expenditures, the amount of dividends that can be paid in the future, the amount and types of liens and indebtedness, material asset sales and mergers. As of June 26, 2015 , we were in compliance with all of the covenants contained in the Credit Facility. The Credit Facility is unsecured as long as we maintain a certain leverage ratio and is guaranteed by certain of our subsidiaries. The Credit Facility permits borrowings under the revolving commitment with an interest rate determined based on our leverage ratio and spread over LIBOR. In addition, we pay an unused commitment fee. At June 26, 2015 , we applied $21.3 million to the new Rabobank Nederland letter of credit facility, in respect of certain contingent obligations and other governmental agency guarantees combined with guarantees for purchases of raw materials and equipment and other trade related letters of credit. We also had $9.6 million in other letters of credit and bank guarantees not included in the new letter of credit facility.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 26, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies DBCP Litigation Beginning in December 1993, certain of our U.S. subsidiaries were named among the defendants in a number of actions in courts in Texas, Louisiana, Hawaii, California and the Philippines involving claims by numerous non-U.S. plaintiffs alleging that they were injured as a result of exposure to a nematocide containing the chemical dibromochloropropane (“DBCP”) during the period 1965 to 1990. As a result of a settlement entered into in December 1998, the remaining unresolved DBCP claims against our U.S. subsidiaries are pending or subject to appeal in Hawaii, Louisiana, California, Delaware and the Philippines. On October 14, 2004, two of our subsidiaries were served with a complaint in an action styled Angel Abarca, et al. v. Dole Food Co., et al. filed in the Superior Court of the State of California for the County of Los Angeles on behalf of more than 2,600 Costa Rican banana workers who claim injury from exposure to DBCP. On January 2, 2009, three of our subsidiaries were served with multiple complaints in related actions styled Jorge Acosta Cortes, et al. v. Dole Food Company, et al . filed in the Superior Court of the State of California for the County of Los Angeles on behalf of 461 Costa Rican residents. An initial review of the plaintiffs in the Abarca and Cortes actions found that a substantial number of the plaintiffs were claimants in prior DBCP actions in Texas and may have participated in the settlement of those actions. On June 27, 2008, the court dismissed the claims of 1,329 plaintiffs who were parties to prior DBCP actions. On June 30, 2008, our subsidiaries moved to dismiss the claims of the remaining Abarca plaintiffs on grounds of forum non conveniens in favor of the courts of Costa Rica. On September 22, 2009, the court granted the motion to dismiss and on November 16, 2009 entered an order conditionally dismissing the claims of those remaining plaintiffs who allege employment on farms in Costa Rica exclusively affiliated with our subsidiaries. Those dismissed plaintiffs re-filed their claim in Costa Rica on May 17, 2012. On January 18, 2013, all remaining plaintiffs in California filed Requests for Dismissal effecting the dismissal of their claims without prejudice. On September 25, 2013, our subsidiaries filed an answer to the claim re-filed with the courts of Costa Rica. In February 2011, a group of former banana cooperative workers from the Philippines filed a complaint in the Philippines against two of our subsidiaries claiming injury from exposure to DBCP. The trial court dismissed the complaint against our subsidiaries on October 3, 2011. Plaintiffs have appealed the dismissal to the Court of Appeals. On March 9, 2015, the Court of Appeals affirmed the trial court’s dismissal of the complaint. On May 31 and June 1, 2012, eight actions were filed against one of our subsidiaries in the United States District Court for the District of Delaware on behalf of approximately 3,000 plaintiffs alleging exposure to DBCP on or near banana farms in Costa Rica, Ecuador, Panama, and Guatemala. We and our subsidiaries have never owned, managed or otherwise been involved with any banana growing operations in Panama and were not involved with any banana growing operations in Ecuador during the period when DBCP was in use. The plaintiffs include claimants who had cases pending in the United States District Court for the Eastern District of Louisiana which were dismissed on September 17, 2012. On August 30, 2012, our subsidiary joined a motion to dismiss the claims of those plaintiffs on the grounds that they have first-filed claims pending in the United States District Court for the Eastern District of Louisiana. The motion was granted on March 29, 2013. On September 21, 2012, our subsidiary filed an answer with respect to the claims of those plaintiffs who had not already filed in Louisiana. On May 27, 2014, the court granted a motion made by a co-defendant and entered summary judgment against all plaintiffs based on the September 19, 2013 affirmance by the United States Court of Appeals for the Fifth Circuit of the dismissal of related cases by the United States District Court for the Eastern District of Louisiana. On July 7, 2014, our subsidiary joined in a motion for summary judgment as to all plaintiffs on the basis of the court’s May 27, 2014 ruling. Plaintiffs agreed that judgment be entered in favor of all defendants for the claims still pending in the United States District Court for the District of Delaware on the basis of the summary judgment granted on May 27, 2014 and the district court entered judgment dismissing all plaintiffs’ claims on September 22, 2014. On October 21, 2014, a notice of appeal was filed with the United States Court of Appeals for the Third Circuit, but the notice expressly limited the appeal to the claims of 57 (out of the more than 2,400) plaintiffs. In Hawaii, plaintiffs filed a petition for certiorari to the Hawaii Supreme Court based upon the Hawaii Court of Appeals affirmance in March 2014 of a summary judgment ruling in defendants’ favor at the trial court level. The Hawaii Supreme Court accepted the petition and oral argument was held on September 18, 2014 with respect to whether the claims of the six named plaintiffs were properly dismissed on statute of limitations grounds. The decision of the Hawaii Supreme Court remains pending. 10 . Commitments and Contingencies (continued) European Union Antitrust Investigation On June 2, 2005, one of our German subsidiaries was visited by the European Commission, the antitrust authority of the European Union (“EU”) as part of its investigation of certain of our overseas subsidiaries as well as other produce companies for possible violations of the EU’s competition laws. Our subsidiaries cooperated with the investigation. On October 17, 2008, the European Commission concluded its investigation without finding any infringement of EU competition rules by, or imposing any fines on, our subsidiaries. The European Commission did, however, find that Internationale Fruchtimport Gesellschaft Weichert & Co KG (“Weichert”), an entity in which one of our subsidiaries formerly held an indirect 80% noncontrolling interest, infringed EU competition rules and imposed upon it a €14.7 million ( $16.4 million using exchange rates as of June 26, 2015 ) fine. The European Commission has asserted that we controlled Weichert during the period by virtue of our subsidiary’s former, indirect noncontrolling interest and has therefore held that we are jointly and severally liable for Weichert’s payment of the fine. On December 31, 2008, we filed an appeal of this determination on grounds, among others, that Weichert did not violate EU competition rules and that, in any event, we cannot be held jointly and severally liable for Weichert’s acts under applicable EU law. On April 14, 2010, Weichert filed a statement of intervention in support of our appeal seeking annulment of the European Commission’s determination. A hearing was held on February 1, 2012 for oral argument on the appeal. On March 14, 2013, the ruling on the appeal was issued reducing the fine from €14.7 million to €8.8 million ( $9.8 million using exchange rates as of June 26, 2015 ) but upholding the European Commission's decision holding us jointly and severally liable for Weichert's payment of the fine. On May 24, 2013, we filed an appeal with the Court of Justice of the European Union against this decision re-asserting that we cannot be held jointly and severally liable for Weichert's acts under EU law. On June 4, 2013, the European Commission filed an appeal challenging only an approximate €1.0 million ( $1.1 million using exchange rates as of June 26, 2015 ) portion of the lower court's fine reduction and thereby seeking that the fine be set at €9.8 million ( $10.9 million using exchange rates as of June 26, 2015 ) rather than €8.8 million . In its appeal, the European Commission also disputed the grounds upon which we based our appeal. We filed our response to the European Commission's appeal on July 1, 2013. The European Commission filed its response to our appeal on August 5, 2013. Weichert filed responses to our appeal and the European Commission’s appeal as well as a cross-appeal on August 8, 2013. We filed a reply to the European Commission’s response to our appeal on October 17, 2013. A hearing was held on October 9, 2014 for oral argument on the appeal. On December 11, 2014, the Advocate General of the Court of Justice issued an advisory opinion to the court agreeing with the European Commission’s position on appeal, disagreeing with our and Weichert’s positions on appeal and recommending that the fine be set at €9.8 million. On June 11, 2015, we entered into a settlement agreement with Weichert under which it was agreed that Weichert would bear 55% and we would bear the remaining 45% of the final adjudged fine inclusive of accrued interest. On June 24, 2015, the decision of the Court of Justice on the appeal was entered adopting the advisory opinion of the Advocate General. On June 26, 2015, we had €6.5 million ( $7.3 million using exchange rates as of June 26, 2015) included in accounts payable and accrued expenses in the Consolidated Balance Sheets. On July 2, 2015, we paid the European Commission a total of €6.5 million in satisfaction of our 45% agreed portion of the final adjudged fine inclusive of accrued interest. Kunia Well Site In 1980, elevated levels of certain chemicals were detected in the soil and ground-water at a plantation leased by one of our U.S. subsidiaries in Honolulu, Hawaii (the “Kunia Well Site”). Shortly thereafter, our subsidiary discontinued the use of the Kunia Well Site and provided an alternate water source to area well users and the subsidiary commenced its own voluntary cleanup operation. In 1993, the Environmental Protection Agency (“EPA”) identified the Kunia Well Site for potential listing on the National Priorities List (“NPL”) under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended. On December 16, 1994, the EPA issued a final rule adding the Kunia Well Site to the NPL. On September 28, 1995, our subsidiary entered into an order (the “Order”) with the EPA to conduct the remedial investigation and the feasibility study of the Kunia Well Site. Under the terms of the Order, our subsidiary submitted a remedial investigation report in November 1998 and a final draft feasibility study in December 1999 (which was updated from time to time) for review by the EPA. The EPA approved the remedial investigation report in February 1999 and the feasibility study on April 22, 2003. 10 . Commitments and Contingencies (continued) As a result of communications with the EPA in 2001, we recorded a charge of $15.0 million in the third quarter of 2001 to increase the recorded liability to the estimated expected future cleanup cost for the Kunia Well Site to $19.1 million . Based on conversations with the EPA in the third quarter of 2002 and consultation with our legal counsel and other experts, we recorded a charge of $7.0 million during the third quarter of 2002 to increase the accrual for the expected future clean-up costs for the Kunia Well Site to $26.1 million . On September 25, 2003, the EPA issued the Record of Decision (“ROD”). The EPA estimates in the ROD that the remediation costs associated with the cleanup of the Kunia Well Site will range from $12.9 million to $25.4 million and will last approximately 10 years . It remains to be determined how long the remediation will actually last. On January 13, 2004, the EPA deleted a portion of the Kunia Well Site (Northeast section) from the NPL. On May 2, 2005, our subsidiary signed a Consent Decree with the EPA for the performance of the clean-up work for the Kunia Well Site. On September 27, 2005, the U.S. District Court for Hawaii approved and entered the Consent Decree. Based on findings from remedial investigations at the Kunia Well Site, our subsidiary continues to evaluate with the EPA the clean-up work currently in progress in accordance with the Consent Decree. During 2014, as a result of a meeting held with the EPA which resulted in changes to the remediation work being performed, we reduced the liability related to the Kunia well site clean-up by $1.4 million . The undiscounted estimates are between $14.8 million and $28.7 million . The undiscounted estimate on which our accrual is based totals $14.8 million and is discounted using a 3.0% rate. As of June 26, 2015 , there is $13.8 million included in other noncurrent liabilities and $0.8 million included in accounts payable and accrued expenses in the Consolidated Balance Sheets for the Kunia Well Site clean-up, which we expect to expend in the next 12 months. We expect to expend approximately $0.5 million in 2016, $1.7 million per year in 2017 and 2018, and $0.8 million in 2019. Certain portions of the EPA’s estimates have been discounted using a 3.0% interest rate. Additional Information In addition to the foregoing, we are involved from time to time in various claims and legal actions incident to our operations, both as plaintiff and defendant. In the opinion of management, after consulting with legal counsel, none of these other claims are currently expected to have a material adverse effect on the results of operations, financial position or our cash flows. We intend to vigorously defend ourselves in all of the above matters.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 26, 2015
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic and diluted net income per ordinary share is calculated as follows (U.S. dollars in millions, except share and per share data): Quarter ended Six months ended June 26, June 27, June 26, June 27, Numerator: Net income attributable to Fresh Del Monte Produce Inc. $ 64.5 $ 64.3 $ 107.0 $ 122.9 Denominator: Weighted average number of ordinary shares - Basic 52,655,228 55,719,554 52,831,466 56,100,702 Effect of dilutive securities - Share based employee options and awards 492,376 359,021 447,257 342,355 Weighted average number of ordinary shares - Diluted 53,147,604 56,078,575 53,278,723 56,443,057 Antidilutive Options and Awards (1) — 2,061,632 — 2,061,632 Net income per ordinary share attributable to Fresh Del Monte Produce Inc.: Basic $ 1.22 $ 1.15 $ 2.03 $ 2.19 Diluted $ 1.21 $ 1.15 $ 2.01 $ 2.18 (1) Options to purchase shares of common stock and unvested RSU's and PSU's are not included in the calculation of Net income per ordinary share because the effect would have been anti-dilutive. Refer to Note 17 , “ Shareholders’ Equity ”, for disclosures related to the stock repurchase program and retired shares.

Retirement and Other Employee B

Retirement and Other Employee Benefits	6 Months Ended
	Jun. 26, 2015
Compensation and Retirement Disclosure [Abstract]
Retirement and Other Employee Benefits	Retirement and Other Employee Benefits The following table sets forth the net periodic benefit costs of our pension plans and post-retirement plans (U.S. dollars in millions): Quarter ended Six months ended June 26, June 27, June 26, June 27, Service cost $ 1.5 $ 1.4 $ 2.9 $ 2.7 Interest cost 1.6 1.8 3.3 3.6 Expected return on assets (0.9 ) (1.1 ) (1.9 ) (2.3 ) Amortization of net actuarial loss 0.4 0.3 0.8 0.6 Net periodic benefit costs $ 2.6 $ 2.4 $ 5.1 $ 4.6

Business Segment Data

Business Segment Data	6 Months Ended
	Jun. 26, 2015
Segment Reporting [Abstract]
Business Segment Data	Business Segment Data We are principally engaged in one major line of business, the production, distribution and marketing of bananas, other fresh produce and prepared food. Our products are sold in markets throughout the world with our major producing operations located in North, Central, South America, Asia and Africa. Our operations are aggregated into business segments on the basis of our products: bananas, other fresh produce and prepared food. Other fresh produce includes pineapples, melons, non-tropical fruit (including grapes, apples, pears, peaches, plums, nectarines, avocados, citrus and kiwis), fresh-cut products, other fruit and vegetables, a third-party ocean freight business and a plastic products business. Prepared food includes prepared fruit and vegetables, juices, beverages, snacks, poultry and meat products. We evaluate performance based on several factors, of which net sales and gross profit by product are the primary financial measures (U.S. dollars in millions): Quarter ended June 26, 2015 June 27, 2014 Net Sales Gross Profit Net Sales Gross Profit Banana $ 513.8 $ 44.6 $ 505.1 $ 49.9 Other fresh produce 523.7 54.9 518.2 55.7 Prepared food 96.6 14.5 108.0 15.9 Totals $ 1,134.1 $ 114.0 $ 1,131.3 $ 121.5 Six months ended June 26, 2015 June 27, 2014 Net Sales Gross Profit Net Sales Gross Profit Banana $ 968.1 $ 80.7 $ 942.0 $ 80.9 Other fresh produce 988.3 105.6 972.5 120.3 Prepared food 186.1 28.1 199.1 27.0 Totals $ 2,142.5 $ 214.4 $ 2,113.6 $ 228.2

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 26, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments We account for derivative financial instruments in accordance with the ASC guidance on “ Derivatives and Hedging ”. This ASC requires us to recognize the value of derivative instruments as either assets or liabilities in the statement of financial position at fair value. The accounting for changes in the fair value ( i.e., gains or losses) of a derivative instrument depends on whether it has been designated as a hedge and qualifies as part of a hedging relationship. The accounting also depends on the type of hedging relationship, whether a cash flow hedge, a fair value hedge, or hedge of a net investment in a foreign operation. On entry into a derivative instrument, we formally designate and document it as a hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transaction. Derivatives are recorded in our Consolidated Balance Sheets at fair value in prepaid expenses and other current assets, other noncurrent assets, accounts payable and accrued expenses or other noncurrent liabilities, depending on whether the amount is an asset or liability and whether it is short-term or long-term in nature. The fair values of derivatives used to hedge or modify our risks fluctuate over time. These fair value amounts should not be viewed in isolation, but rather in relation to the cash flows or fair value of the underlying hedged transactions or assets and other exposures, as well as the overall reduction in our risk. In addition, the earnings impact resulting from our derivative instruments is recorded in the same line item within the Consolidated Statements of Income as the underlying exposure being hedged. We predominantly designate our hedges as cash flow hedges. A cash flow hedge requires that the effective portion of the change in the fair value of a derivative instrument be recognized in other comprehensive income, a component of shareholders’ equity, and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. The ineffective portion of the change in fair value of a derivative instrument is to be recognized in earnings in the same line in which the hedge transaction affects earnings. Counterparties expose us to credit losses in the event of non-performance on hedges. We monitor our exposure to counterparty non-performance risk both at inception of the hedge and at least quarterly thereafter. However, because these contracts are entered into with highly rated financial institutions, we do not anticipate non-performance by any of the counterparties. The exposure is usually the amount of the unrealized gains, if any, in such contracts. Because of the high degree of effectiveness between the hedging instrument and the underlying exposure being hedged, fluctuations in the value of the derivative instruments are generally offset by changes in the cash flows or fair value of the underlying exposures being hedged. In addition, we perform an assessment of hedge effectiveness, both at inception and at least quarterly thereafter, in order to determine whether the financial instruments that are used in hedging transactions are effective at offsetting changes in the cash flows or fair value of the related underlying exposures. Any ineffective portion of a financial instrument’s change in fair value is immediately recognized in earnings. Foreign Currency Hedges We are exposed to fluctuations in currency exchange rates against the U.S. dollar on our results of operations and financial condition and we mitigate that exposure by entering into foreign currency forward contracts. Certain of our subsidiaries periodically enter into foreign currency forward contracts in order to hedge portions of forecasted sales or cost of sales denominated in foreign currencies, which generally expire within one year . Our foreign currency hedges were entered into to hedge portions of our 2015 and 2016 foreign currency exposure. The foreign currency forward contracts qualifying as cash flow hedges were designated as single-purpose cash flow hedges of forecasted cash flows. Based on our formal assessment of hedge effectiveness of our qualifying foreign currency forward contracts, we determined that the impact of hedge ineffectiveness was de minimis for the quarters and six months ended June 26, 2015 and June 27, 2014 . 14 . Derivative Financial Instruments (continued) Certain of our derivative instruments contain provisions that require the current credit relationship between us and our counterparty to be maintained throughout the term of the derivative instruments. If that credit relationship changes, certain provisions could be triggered, and the counterparty could request immediate collateralization of derivative instruments in net liability position above a certain threshold. As of June 26, 2015 , the aggregate fair value of all derivative instruments with a credit-risk-related contingent feature were immaterial. If the credit-risk-related contingent features underlying these agreements were triggered on June 26, 2015 , we would not be required to post collateral to our counterparty because the collateralization threshold had not been met. We had the following outstanding foreign currency forward as of June 26, 2015 : Foreign Currency Contracts Qualifying as Cash Flow Hedges: Notional Amount Euro € 170.6 million British pound £ 1.9 million Japanese yen JPY 3,892.4 million Korean Won KRW 8,970.0 million The following table reflects the fair values of derivative instruments, all of which are designated as Level 2 of the fair value hierarchy, as of June 26, 2015 and December 26, 2014 (U.S. dollars in millions): Derivatives Designated as Hedging Instruments (1) Foreign exchange contracts Balance Sheet Location: June 26, 2015 (2) December 26, 2014 Asset derivatives: Prepaid expenses and other current assets $ 21.7 $ 22.7 Other noncurrent assets 3.5 3.1 Total asset derivatives $ 25.2 $ 25.8 Liability derivatives: Accounts payable and accrued expenses $ — $ 0.2 Other noncurrent liabilities — — Total liability derivatives $ — $ 0.2 (1) See Note 15 , " Fair Value Measurements ", for fair value disclosures. (2) We expect that $21.7 million and $3.5 million of the net fair value of hedges recognized as a gain in accumulated other comprehensive income ("AOCI") will be transferred to earnings during the next 12 months and last six months of 2016, respectively, along with the earnings effect of the related forecasted transactions. 14 . Derivative Financial Instruments (continued) The following table reflects the effect of derivative instruments on the Consolidated Statements of Income for the quarter ended June 26, 2015 and June 27, 2014 (U.S. dollars in millions): Derivatives in Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in Other Location of Gain Amount of Gain (Loss) Reclassified from Quarter ended Quarter ended June 26, June 27, June 26, 2015 June 27, Foreign exchange contracts $ (11.5 ) $ 2.4 Net sales $ 11.1 $ (1.5 ) Foreign exchange contracts (0.1 ) (1.0 ) Cost of products sold 0.1 — Total $ (11.6 ) $ 1.4 $ 11.2 $ (1.5 ) Six months ended Six months ended June 26, June 27, June 26, 2015 June 27, Foreign exchange contracts $ (0.2 ) $ 3.2 Net sales $ 20.3 $ (2.1 ) Foreign exchange contracts 0.1 (3.6 ) Cost of products sold (0.1 ) 0.7 Total $ (0.1 ) $ (0.4 ) $ 20.2 $ (1.4 )

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 26, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements We measure fair value for financial instruments, such as derivatives and equity securities, on an ongoing basis. We measure fair value for non-financial assets when a valuation is necessary, such as for impairment of long-lived and indefinite-lived assets when indicators of impairment exist. Fair value is measured in accordance with the ASC on “ Fair Value Measurements and Disclosures ”. The ASC on “ Fair Value Measurements and Disclosures ” defines fair value, establishes a framework for measuring fair value and enhances disclosures about fair value measures required under other accounting pronouncements, but does not change existing guidance as to whether or not an instrument is carried at fair value. 15 . Fair Value Measurements (continued) Derivative Instruments We may choose to mitigate the risk of fluctuations in currency exchange rates and bunker fuel prices on our results of operations and financial condition by entering into foreign currency cash flow hedges and bunker fuel hedges, respectively. We account for the fair value of the related forward contracts as either an asset in other current assets or a liability in accrued expenses. We use an income approach to value our outstanding foreign currency and bunker fuel cash flow hedges. An income approach consists of a discounted cash flow model that takes into account the present value of future cash flows under the terms of the contract using current market information as of the measurement date such as foreign currency and bunker fuel spot and forward rates. Additionally, we built an element of default risk based on observable inputs into the fair value calculation. Due to the fact that inputs to fair value these derivative instruments can be observed, they are classified as Level 2. The following table provides a summary of the fair values of assets and liabilities measured on a recurring basis under the ASC on “ Fair Value Measurements and Disclosures ” (U.S. dollars in millions): Fair Value Measurements Foreign currency forward contracts, net asset June 26, 2015 December 26, Quoted Prices in Active Markets for Identical Assets (Level 1) $ — $ — Significant Observable Inputs (Level 2) 25.2 25.6 Significant Unobservable Inputs (Level 3) — — In estimating our fair value disclosures for financial instruments, we use the following methods and assumptions: Cash and cash equivalents : The carrying amount of these items approximates fair value due to their liquid nature. Trade accounts receivable and other accounts receivable, net : The carrying value reported in the Consolidated Balance Sheets for these items is net of allowances for doubtful accounts, which includes a degree of counterparty non-performance risk. Accounts payable and other current liabilities : The carrying value reported in the Consolidated Balance Sheets for these items approximates their fair value, which is the likely amount for which the liability with short settlement periods would be transferred to a market participant with a similar credit rating to ours. Capital lease obligations : The carrying value of our capital lease obligations reported in the Consolidated Balance Sheets approximates their fair value based on current interest rates, which contain an element of default risk. The fair value of our capital lease obligations is estimated using Level 2 inputs based on quoted prices for those or similar instruments. Refer to Note 9 , “ Long-Term Debt and Capital Lease Obligations ”. Long-term debt : The carrying value of our long-term debt reported in the Consolidated Balance Sheets approximates their fair value since they bear interest at variable rates or fixed rates which contain an element of default risk. The fair value of our long-term debt is estimated using Level 2 inputs based on quoted prices for those or similar instruments. Refer to Note 9 , “ Long-Term Debt and Capital Lease Obligations ”. 15 . Fair Value Measurements (continued) Fair Value of Non-Financial Assets The following is a tabular presentation of the non-recurring fair value measurement along with the level within the fair value hierarchy in which the fair value measurement in its entirety falls (U.S. dollars in millions): Fair Value Measurements for the six months ended June 27, 2014 Total Quoted Prices in Significant Other Significant United Kingdom contract termination on leased facility $ 1.2 $ — $ — $ 1.2 $ 1.2 $ — $ — $ 1.2 During the second quarter of 2014, we recognized an additional charge of $0.7 million for a total contract termination obligation of $1.2 million related to lease payments that will continue to be incurred throughout the lease term beyond our cease-use date for an under-utilized distribution facility in the United Kingdom in the banana segment. We estimated the fair value of this obligation using an income based approach, whereby our cash flows were adjusted for a market premium risk. The fair value of the contract termination obligation is classified as Level 3 of the fair value hierarchy due to the mix of unobservable inputs utilized. The fair value of the prepared food trademarks are sensitive to differences between the estimated and actual cash flows and changes in the related discount rate used to evaluate the fair value of these assets. We disclosed the sensitivity related to the prepared food trademarks in our annual financial statements included in our Annual Report on Form 10-K for the year ended December 26, 2014 . The fair value of the tomato and vegetable reporting unit's goodwill is highly sensitive to differences between estimated and actual cash flows. If the tomato and vegetable goodwill is unable to meet our current volume and margin expectation, the tomato and vegetable goodwill may be at risk for future impairment. Tomato and Vegetable Reporting Unit Goodwill as of June 26, 2015 Goodwill Carrying Value $ 66.1 Approximate percentage by which the fair value exceeds the carrying value 5 % 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 a fair valuation $ 17.6

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 26, 2015
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The following table includes the changes in accumulated other comprehensive income (loss) attributable to U.S. by component under the ASC on “ Comprehensive Income ” (U.S. dollars in millions): Changes in Accumulated Other Comprehensive Income (Loss) by Component (1) Six months ended June 26, 2015 Changes in Fair Value of Effective Cash Flow Hedges Foreign Currency Translation Adjustment Retirement Benefit Adjustment Total Balance at December 26, 2014 $ 25.2 $ (0.8 ) $ (21.8 ) $ 2.6 Other comprehensive income (loss) before reclassifications 20.2 (6.5 ) (2) (0.1 ) (3) 13.6 Amounts reclassified from accumulated other comprehensive income (20.2 ) — 0.8 (19.4 ) Net current period other comprehensive income (loss) — (6.5 ) 0.7 (5.8 ) Balance at June 26, 2015 $ 25.2 $ (7.3 ) $ (21.1 ) $ (3.2 ) Six months ended June 27, 2014 Balance at December 27, 2013 $ (3.1 ) $ 12.0 $ (12.3 ) (3.4 ) Other comprehensive income (loss) before reclassifications (1.8 ) 1.9 (2) 0.3 (3) 0.4 Amounts reclassified from accumulated other comprehensive income (loss) 1.4 — 0.6 2.0 Net current period other comprehensive income (loss) (0.4 ) 1.9 0.9 2.4 Balance at June 27, 2014 $ (3.5 ) $ 13.9 $ (11.4 ) $ (1.0 ) (1) All amounts are net of tax and noncontrolling interest. (2) Includes a loss of $3.5 million for the six months ended June 26, 2015 and a loss of $0.3 million for the six months ended June 27, 2014 on intra-entity foreign currency transactions that are of a long-term-investment nature; also includes a loss of $0.3 million for the six months ended June 26, 2015 and income of $0.4 million for the six months ended June 27, 2014 related to noncontrolling interest. (3) Includes a loss of $0.1 million and $0.2 million of noncontrolling interest related to Retirement Benefit adjustment for the six months ended June 26, 2015 and June 27, 2014 , respectively. 16 . Accumulated Other Comprehensive Income (Loss) (continued) The following table includes details about amounts reclassified from accumulated other comprehensive income (loss) by component (U.S. dollars in millions): June 26, 2015 June 27, 2014 Details about accumulated other comprehensive income (loss) components Amount reclassified from accumulated other comprehensive income (loss) Affected line item in the statement where net income is present Quarter ended Six months ended Quarter ended Six months ended Changes in fair value of effective cash flow hedges: Foreign currency cash flow hedges $ (11.1 ) $ (20.3 ) $ 1.5 $ 2.1 Sales Foreign currency cash flow hedges (0.1 ) 0.1 — (0.7 ) Cost of Sales Total $ (11.2 ) $ (20.2 ) $ 1.5 $ 1.4 Amortization of retirement benefits: Actuarial losses $ 0.1 $ 0.2 $ 0.1 $ 0.2 Selling, general and administrative expenses Actuarial losses 0.3 0.6 0.2 0.4 Cost of Sales Total $ 0.4 $ 0.8 $ 0.3 $ 0.6

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 26, 2015
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ Equity Our shareholders have authorized 50,000,000 preferred shares at $0.01 par value, of which none are issued or outstanding, and 200,000,000 ordinary shares of common stock at $0.01 par value, of which 52,692,566 are issued and outstanding at June 26, 2015 . Ordinary share activity is summarized as follows: Six months ended June 26, June 27, Ordinary shares issued (retired) as a result of: Stock option exercises 698,373 378,994 Restricted stock grants 21,875 26,117 Restricted and performance stock units 128,999 170,572 Ordinary shares repurchased and retired (2,056,604 ) (1,312,771 ) On May 1, 2013, our Board of Directors approved a three-year stock repurchase program of up to $300 million of our ordinary shares. We have repurchased $257.5 million of ordinary shares, or 8,188,255 ordinary shares, under the aforementioned repurchase program and retired all the repurchased shares. We purchased 2,363,996 ordinary shares at a purchase price of $34.50 per share in a modified Dutch auction tender offer completed on December 8, 2014. The modified Dutch auction tender offer was conducted as part of the stock repurchase program. We have a maximum dollar amount value of $42.5 million of shares that may yet be purchased under the May 1, 2013 stock repurchase program. 17 . Shareholders’ Equity (continued) Dividend activity is summarized as follows: Six months ended Six months ended June 26, 2015 June 27, 2014 Dividend Declared Date Cash Dividend Declared, per Ordinary Share Dividend Declared Date Cash Dividend Declared, per Ordinary Share May 29, 2015 0.125 May 30, 2014 0.125 March 27, 2015 0.125 March 28, 2014 0.125 We paid $13.1 million in dividends in the six months ended June 26, 2015 and $14.2 million in dividends in the six months ended June 27, 2014 .

Asset Impairment and Other Ch24

Asset Impairment and Other Charges, Net (Tables)	6 Months Ended
	Jun. 26, 2015
Asset Impairment and Other Charges, Net [Abstract]
Asset Impairment and Other Charges	The following represents a summary of asset impairment and other charges (credits), net recorded during the quarters and six months ended June 26, 2015 and June 27, 2014 (U.S. dollars in millions): Quarter ended Six months ended June 26, 2015 June 26, 2015 Long-lived Total Long-lived Total Banana segment: European Union Antitrust settlement gain $ — $ (0.8 ) $ (0.8 ) $ — $ (0.8 ) $ (0.8 ) Other fresh produce segment: Chile floods — 0.3 0.3 1.2 0.3 1.5 Other fresh produce segment charges (credits) — — — — (0.1 ) (0.1 ) Prepared food segment: Other prepared food segment charges — — — 0.2 0.1 0.3 Total asset impairment and other charges (credits), net $ — $ (0.5 ) $ (0.5 ) $ 1.4 $ (0.5 ) $ 0.9 Quarter ended Six months ended June 27, 2014 June 27, 2014 Long-lived Total Long-lived Total Banana segment: Brazil termination of employee benefits due to decision to discontinue banana exports $ — $ 1.0 $ 1.0 $ — $ 1.1 $ 1.1 United Kingdom contract termination on leased facility — 0.7 0.7 — 0.7 0.7 Other fresh produce segment: Hawaii favorable settlement of litigation — — — — (2.9 ) (2.9 ) Intangible asset write-off — — — 0.3 — 0.3 United Kingdom termination of employee benefits due to restructuring — 0.1 0.1 — 0.1 0.1 Prepared food segment: Germany termination of employee benefits due to restructuring — 0.2 0.2 — 0.6 0.6 Total asset impairment and other charges (credits), net $ — $ 2.0 $ 2.0 $ 0.3 $ (0.4 ) $ (0.1 )
Rollforward of Exit Activity and Other Reserves	The following is a rollforward of 2015 exit activity and other reserves (U.S. dollars in millions): Exit activity and Impact to Cash Paid Foreign Exchange Impact Exit activity and Termination benefits $ 0.1 $ 0.1 $ (0.2 ) $ — $ — Contract termination and other exit activity charges 2.5 — (0.9 ) 0.3 1.9 $ 2.6 $ 0.1 $ (1.1 ) $ 0.3 $ 1.9

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	6 Months Ended
	Jun. 26, 2015
Noncontrolling Interest [Abstract]
Shareholders' Equity Attributable to Noncontrolling Interests	The following table reconciles shareholders’ equity attributable to noncontrolling interests (U.S. dollars in millions): Six months ended June 26, June 27, Noncontrolling interests, beginning $ 40.0 $ 38.1 Net income attributable to the noncontrolling interests 3.1 1.4 Translation adjustments (0.3 ) 0.4 Retirement benefit adjustment (0.1 ) (0.2 ) Capital contributions (to) from 0.1 (0.1 ) Noncontrolling interests, ending $ 42.8 $ 39.6

Financing Receivables (Tables)

Financing Receivables (Tables)	6 Months Ended
	Jun. 26, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The following table details financing receivables including the related allowance for doubtful accounts (U.S. dollars in millions): June 26, 2015 December 26, 2014 Short-term Long-term Short-term Long-term Gross advances to independent growers $ 33.3 $ 0.6 $ 33.5 $ 0.6 Allowance for advances to independent growers (2.0 ) — (2.4 ) — Net advances to independent growers $ 31.3 $ 0.6 $ 31.1 $ 0.6
Financing Receivable Credit Quality Indicators	The following table details the credit risk profile of the above listed financing receivables (U.S. dollars in millions): Current Past Due Total Gross advances to independent growers: June 26, 2015 $ 31.9 $ 2.0 $ 33.9 December 26, 2014 31.7 2.4 34.1
Allowance for Credit Losses on Financing Receivables	The allowance for doubtful accounts and the related financing receivables for the quarters and six months ended June 26, 2015 and June 27, 2014 were as follows (U.S. dollars in millions): Quarter ended Six months ended June 26, 2015 June 27, 2014 June 26, 2015 June 27, 2014 Allowance for advances to independent growers: Balance, beginning of period $ 1.9 $ 3.3 $ 2.4 $ 3.3 Provision for uncollectible amounts 0.1 0.6 0.1 0.6 Deductions to allowance related to write-offs — — (0.5 ) — Balance, end of period $ 2.0 $ 3.9 $ 2.0 $ 3.9

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 26, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-Based Compensation Expense Included in Selling, General and Administrative Expenses Related to Stock Options and Restricted Stock Awards	Stock-based compensation expense included in selling, general and administrative expenses related to stock options on a straight-line, single-award basis, restricted stock awards ("RSA"), restricted stock units ("RSUs") and performance stock units ("PSUs") included in the accompanying Consolidated Statements of Income were as follows (U.S. dollars in millions): Quarter ended Six months ended June 26, June 27, June 26, June 27, Stock Options $ 1.0 $ 1.3 $ 2.2 $ 2.8 RSUs/PSUs 1.7 1.0 3.5 2.0 RSAs — — 0.7 0.7 Total $ 2.7 $ 2.3 $ 6.4 $ 5.5
Stock Option Grants	There were no stock option grants for the six months ended June 26, 2015. The following table lists the various stock option grants from our 2014 Plan for the six months ended June 27, 2014: Stock Option Grant Number of Options Granted Exercise Price Fair Value April 30, 2014 - Chairman and Chief Executive Officer 161,000 $ 28.89 $ 6.26
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	The following table lists the various restricted stock awards and related compensation expense under prior plans for the six months ended June 26, 2015 and June 27, 2014 (U.S. dollars in millions except share and per share data): Date of Award Shares of Price Per Share January 2, 2015 21,875 $ 33.60 January 2, 2014 26,117 28.15
Restricted Stock Units Award Activity	The following table lists the various RSUs and PSUs awarded under the 2014 Plan and prior plans for the six months ended June 26, 2015 and June 27, 2014 (U.S. dollars in millions except share and per share data): Date of Award Type of Award Units Awarded Price Per Share February 18, 2015 PSU 175,000 $ 33.44 February 18, 2015 RSU 50,000 33.44 February 19, 2014 PSU 165,000 25.52

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 26, 2015
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventories consisted of the following (U.S. dollars in millions): June 26, December 26, 2014 Finished goods $ 169.1 $ 198.7 Raw materials and packaging supplies 142.5 152.6 Growing crops 141.9 164.8 Total inventories $ 453.5 $ 516.1

Long-Term Debt and Capital Le29

Long-Term Debt and Capital Lease Obligations (Tables)	6 Months Ended
	Jun. 26, 2015
Long-term Debt and Capital Lease Obligations [Abstract]
Schedule of Long-Term Debt and Capital Lease Obligation	The following is a summary of long-term debt and capital lease obligations (U.S. dollars in millions): June 26, December 26, Senior unsecured revolving credit facility (see Credit Facility below) $ 205.2 $ 262.5 Various other notes payable 2.1 3.4 Capital lease obligations 1.5 1.0 Total long-term debt and capital lease obligations 208.8 266.9 Less: Current portion (1.8 ) (2.2 ) Long-term debt and capital lease obligations $ 207.0 $ 264.7
Schedule of Line of Credit Facilities	The following is a summary of the material terms of the Credit Facility and other working capital facilities at June 26, 2015 (U.S. dollars in millions): Term Maturity Interest Rate Borrowing Available Credit Facility 5 years April 15, 2020 1.44% $ 800.0 $ 594.8 Other working capital facilities Varies Varies Varies 44.1 18.2 $ 844.1 $ 613.0

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 26, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Basic and diluted net income per ordinary share is calculated as follows (U.S. dollars in millions, except share and per share data): Quarter ended Six months ended June 26, June 27, June 26, June 27, Numerator: Net income attributable to Fresh Del Monte Produce Inc. $ 64.5 $ 64.3 $ 107.0 $ 122.9 Denominator: Weighted average number of ordinary shares - Basic 52,655,228 55,719,554 52,831,466 56,100,702 Effect of dilutive securities - Share based employee options and awards 492,376 359,021 447,257 342,355 Weighted average number of ordinary shares - Diluted 53,147,604 56,078,575 53,278,723 56,443,057 Antidilutive Options and Awards (1) — 2,061,632 — 2,061,632 Net income per ordinary share attributable to Fresh Del Monte Produce Inc.: Basic $ 1.22 $ 1.15 $ 2.03 $ 2.19 Diluted $ 1.21 $ 1.15 $ 2.01 $ 2.18 (1) Options to purchase shares of common stock and unvested RSU's and PSU's are not included in the calculation of Net income per ordinary share because the effect would have been anti-dilutive.

Retirement and Other Employee31

Retirement and Other Employee Benefits (Tables)	6 Months Ended
	Jun. 26, 2015
Compensation and Retirement Disclosure [Abstract]
Net Periodic Pension Cost of Defined Benefit Pension and Post-Retirement Benefit Plans	The following table sets forth the net periodic benefit costs of our pension plans and post-retirement plans (U.S. dollars in millions): Quarter ended Six months ended June 26, June 27, June 26, June 27, Service cost $ 1.5 $ 1.4 $ 2.9 $ 2.7 Interest cost 1.6 1.8 3.3 3.6 Expected return on assets (0.9 ) (1.1 ) (1.9 ) (2.3 ) Amortization of net actuarial loss 0.4 0.3 0.8 0.6 Net periodic benefit costs $ 2.6 $ 2.4 $ 5.1 $ 4.6

Business Segment Data (Tables)

Business Segment Data (Tables)	6 Months Ended
	Jun. 26, 2015
Segment Reporting [Abstract]
Net Sales and Gross Profit by Geographic Region	We evaluate performance based on several factors, of which net sales and gross profit by product are the primary financial measures (U.S. dollars in millions): Quarter ended June 26, 2015 June 27, 2014 Net Sales Gross Profit Net Sales Gross Profit Banana $ 513.8 $ 44.6 $ 505.1 $ 49.9 Other fresh produce 523.7 54.9 518.2 55.7 Prepared food 96.6 14.5 108.0 15.9 Totals $ 1,134.1 $ 114.0 $ 1,131.3 $ 121.5 Six months ended June 26, 2015 June 27, 2014 Net Sales Gross Profit Net Sales Gross Profit Banana $ 968.1 $ 80.7 $ 942.0 $ 80.9 Other fresh produce 988.3 105.6 972.5 120.3 Prepared food 186.1 28.1 199.1 27.0 Totals $ 2,142.5 $ 214.4 $ 2,113.6 $ 228.2

Derivative Financial Instrume33

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 26, 2015
Derivatives, Fair Value [Line Items]
Outstanding Foreign Currency Forward Contracts that were Entered into to Hedge Forecasted Cash Flows	We had the following outstanding foreign currency forward as of June 26, 2015 : Foreign Currency Contracts Qualifying as Cash Flow Hedges: Notional Amount Euro € 170.6 million British pound £ 1.9 million Japanese yen JPY 3,892.4 million Korean Won KRW 8,970.0 million
Fair Values of Derivative Instruments	The following table reflects the fair values of derivative instruments, all of which are designated as Level 2 of the fair value hierarchy, as of June 26, 2015 and December 26, 2014 (U.S. dollars in millions): Derivatives Designated as Hedging Instruments (1) Foreign exchange contracts Balance Sheet Location: June 26, 2015 (2) December 26, 2014 Asset derivatives: Prepaid expenses and other current assets $ 21.7 $ 22.7 Other noncurrent assets 3.5 3.1 Total asset derivatives $ 25.2 $ 25.8 Liability derivatives: Accounts payable and accrued expenses $ — $ 0.2 Other noncurrent liabilities — — Total liability derivatives $ — $ 0.2 (1) See Note 15 , " Fair Value Measurements ", for fair value disclosures. (2) We expect that $21.7 million and $3.5 million of the net fair value of hedges recognized as a gain in accumulated other comprehensive income ("AOCI") will be transferred to earnings during the next 12 months and last six months of 2016, respectively, along with the earnings effect of the related forecasted transactions.
Effect of Derivative Instruments on the Consolidated Statements of Income	The following table reflects the effect of derivative instruments on the Consolidated Statements of Income for the quarter ended June 26, 2015 and June 27, 2014 (U.S. dollars in millions): Derivatives in Cash Flow Hedging Relationships Amount of Gain (Loss) Recognized in Other Location of Gain Amount of Gain (Loss) Reclassified from Quarter ended Quarter ended June 26, June 27, June 26, 2015 June 27, Foreign exchange contracts $ (11.5 ) $ 2.4 Net sales $ 11.1 $ (1.5 ) Foreign exchange contracts (0.1 ) (1.0 ) Cost of products sold 0.1 — Total $ (11.6 ) $ 1.4 $ 11.2 $ (1.5 ) Six months ended Six months ended June 26, June 27, June 26, 2015 June 27, Foreign exchange contracts $ (0.2 ) $ 3.2 Net sales $ 20.3 $ (2.1 ) Foreign exchange contracts 0.1 (3.6 ) Cost of products sold (0.1 ) 0.7 Total $ (0.1 ) $ (0.4 ) $ 20.2 $ (1.4 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 26, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements for the six months ended June 27, 2014 Total Quoted Prices in Significant Other Significant United Kingdom contract termination on leased facility $ 1.2 $ — $ — $ 1.2 $ 1.2 $ — $ — $ 1.2
Fair Values of Assets and Liabilities Measured on a Recurring Basis	The following table provides a summary of the fair values of assets and liabilities measured on a recurring basis under the ASC on “ Fair Value Measurements and Disclosures ” (U.S. dollars in millions): Fair Value Measurements Foreign currency forward contracts, net asset June 26, 2015 December 26, Quoted Prices in Active Markets for Identical Assets (Level 1) $ — $ — Significant Observable Inputs (Level 2) 25.2 25.6 Significant Unobservable Inputs (Level 3) — —
Schedule of Sensitivities of Goodwill and Intangible Assets at Risk [Table Text Block]	Tomato and Vegetable Reporting Unit Goodwill as of June 26, 2015 Goodwill Carrying Value $ 66.1 Approximate percentage by which the fair value exceeds the carrying value 5 % 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 a fair valuation $ 17.6

Accumulated Other Comprehensi35

Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 26, 2015
Accumulated Other Comprehensive Income (Loss) [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table includes the changes in accumulated other comprehensive income (loss) attributable to U.S. by component under the ASC on “ Comprehensive Income ” (U.S. dollars in millions): Changes in Accumulated Other Comprehensive Income (Loss) by Component (1) Six months ended June 26, 2015 Changes in Fair Value of Effective Cash Flow Hedges Foreign Currency Translation Adjustment Retirement Benefit Adjustment Total Balance at December 26, 2014 $ 25.2 $ (0.8 ) $ (21.8 ) $ 2.6 Other comprehensive income (loss) before reclassifications 20.2 (6.5 ) (2) (0.1 ) (3) 13.6 Amounts reclassified from accumulated other comprehensive income (20.2 ) — 0.8 (19.4 ) Net current period other comprehensive income (loss) — (6.5 ) 0.7 (5.8 ) Balance at June 26, 2015 $ 25.2 $ (7.3 ) $ (21.1 ) $ (3.2 ) Six months ended June 27, 2014 Balance at December 27, 2013 $ (3.1 ) $ 12.0 $ (12.3 ) (3.4 ) Other comprehensive income (loss) before reclassifications (1.8 ) 1.9 (2) 0.3 (3) 0.4 Amounts reclassified from accumulated other comprehensive income (loss) 1.4 — 0.6 2.0 Net current period other comprehensive income (loss) (0.4 ) 1.9 0.9 2.4 Balance at June 27, 2014 $ (3.5 ) $ 13.9 $ (11.4 ) $ (1.0 ) (1) All amounts are net of tax and noncontrolling interest. (2) Includes a loss of $3.5 million for the six months ended June 26, 2015 and a loss of $0.3 million for the six months ended June 27, 2014 on intra-entity foreign currency transactions that are of a long-term-investment nature; also includes a loss of $0.3 million for the six months ended June 26, 2015 and income of $0.4 million for the six months ended June 27, 2014 related to noncontrolling interest. (3) Includes a loss of $0.1 million and $0.2 million of noncontrolling interest related to Retirement Benefit adjustment for the six months ended June 26, 2015 and June 27, 2014 , respectively. The following table includes details about amounts reclassified from accumulated other comprehensive income (loss) by component (U.S. dollars in millions): June 26, 2015 June 27, 2014 Details about accumulated other comprehensive income (loss) components Amount reclassified from accumulated other comprehensive income (loss) Affected line item in the statement where net income is present Quarter ended Six months ended Quarter ended Six months ended Changes in fair value of effective cash flow hedges: Foreign currency cash flow hedges $ (11.1 ) $ (20.3 ) $ 1.5 $ 2.1 Sales Foreign currency cash flow hedges (0.1 ) 0.1 — (0.7 ) Cost of Sales Total $ (11.2 ) $ (20.2 ) $ 1.5 $ 1.4 Amortization of retirement benefits: Actuarial losses $ 0.1 $ 0.2 $ 0.1 $ 0.2 Selling, general and administrative expenses Actuarial losses 0.3 0.6 0.2 0.4 Cost of Sales Total $ 0.4 $ 0.8 $ 0.3 $ 0.6

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 26, 2015
Stockholders' Equity Note [Abstract]
Schedule of Ordinary Share Activity	Ordinary share activity is summarized as follows: Six months ended June 26, June 27, Ordinary shares issued (retired) as a result of: Stock option exercises 698,373 378,994 Restricted stock grants 21,875 26,117 Restricted and performance stock units 128,999 170,572 Ordinary shares repurchased and retired (2,056,604 ) (1,312,771 )
Schedule of Dividends Payable [Table Text Block]	Dividend activity is summarized as follows: Six months ended Six months ended June 26, 2015 June 27, 2014 Dividend Declared Date Cash Dividend Declared, per Ordinary Share Dividend Declared Date Cash Dividend Declared, per Ordinary Share May 29, 2015 0.125 May 30, 2014 0.125 March 27, 2015 0.125 March 28, 2014 0.125

Asset Impairment and Other Ch37

Asset Impairment and Other Charges, Net (Asset Impairment and Exit Activity Charges) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014	Jun. 26, 2015	Jun. 27, 2014
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	$ 0	$ 0	$ 1.4	$ 0.3
Exit activity and other charges (credits)	(0.5)	2	(0.5)	(0.4)
Total	(0.5)	2	0.9	(0.1)
Banana [Member] | BRAZIL
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment		0		0
Exit activity and other charges (credits)		1		1.1
Total		1		1.1
Banana [Member] | UNITED KINGDOM
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment		0		0
Exit activity and other charges (credits)		0.7		0.7
Total		0.7		0.7
Banana [Member] | European Union [Member]
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	0		0
Exit activity and other charges (credits)	(0.8)		(0.8)
Total	(0.8)		(0.8)
Other Fresh Produce [Member] | UNKNOWN COUNTRY
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	0	0		0.3
Exit activity and other charges (credits)		0	(0.1)	0
Total	0	0	(0.1)	0.3
Other Fresh Produce [Member] | UNITED KINGDOM
Schedule of Asset Impairment and Other Charges [Line Items]
Exit activity and other charges (credits)		0.1		0.1
Total		0.1		0.1
Other Fresh Produce [Member] | CHILE
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment			1.2
Exit activity and other charges (credits)	0.3		0.3
Total	0.3		1.5
Other Fresh Produce [Member] | HAWAII
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment		0		0
Exit activity and other charges (credits)		0		(2.9)
Total		0		(2.9)
Prepared Food [Member]
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment			0.2
Exit activity and other charges (credits)	0		0.1
Total	$ 0		$ 0.3
Prepared Food [Member] | GERMANY
Schedule of Asset Impairment and Other Charges [Line Items]
Exit activity and other charges (credits)		0.2		0.6
Total		$ 0.2		$ 0.6

Asset Impairment and Other Ch38

Asset Impairment and Other Charges, Net (Exit Activity and Other Reserves) (Details) - Segment, Geographical [Domain] - Segment [Domain] $ in Millions	6 Months Ended
	Jun. 26, 2015USD ($)
Restructuring Reserve [Roll Forward]
Exit activity and other reserve balance at beginning of period	$ 2.6
Impact to Earnings	0.1
Cash Paid	(1.1)
Foreign Exchange Impact	0.3
Exit activity and other reserve balance at end of period	1.9
Termination Benefits [Member]
Restructuring Reserve [Roll Forward]
Exit activity and other reserve balance at beginning of period	0.1
Impact to Earnings	0.1
Cash Paid	(0.2)
Foreign Exchange Impact	0
Exit activity and other reserve balance at end of period	0
Contract Termination and Other Exit Activity Charges [Member]
Restructuring Reserve [Roll Forward]
Exit activity and other reserve balance at beginning of period	2.5
Impact to Earnings	0
Cash Paid	(0.9)
Foreign Exchange Impact	0.3
Exit activity and other reserve balance at end of period	$ 1.9

Noncontrolling Interests (Detai

Noncontrolling Interests (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling Interests, beginning	$ 40	$ 38.1
Net Income attributable to the noncontrolling interests	3.1	1.4
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest	(0.3)	0.4
Retirement benefit adjustment	(0.1)	(0.2)
Capital contributions	0.1	(0.1)
Noncontrolling Interests, ending	$ 42.8	$ 39.6

Variable Interest Entities (Det

Variable Interest Entities (Details) $ in Millions	Jun. 26, 2015USD ($)
Variable Interest Entity [Line Items]
Variable interest entity, total assets	$ 38.3
Variable interest entity, total liabilities	7.4
Variable interest entity, long-term debt	2.2
Standby Letters of Credit [Member]
Variable Interest Entity [Line Items]
Letter of credit facility, amount applied to guarantee VIE debt	$ 2.2

Financing Receivables (Narrativ

Financing Receivables (Narrative) (Details) - Maximum [Member]	6 Months Ended
	Jun. 26, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Advances to growers, maximum term (in years)	1 year
Longer Term Advances to Growers [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Advances to growers, maximum term (in years)	10 years

Financing Receivables (Advances

Financing Receivables (Advances to Growers Along with the Related Allowance for Doubtful Accounts) (Details) - Advances to Growers [Member] - USD ($) $ in Millions	Jun. 26, 2015	Dec. 26, 2014
Accounts, Notes, Loans and Financing Receivable, Net, Current [Abstract]
Financing Receivable, Gross, Current	$ 33.3	$ 33.5
Allowance, Current	(2)	(2.4)
Financing Receivable, Net, Current	31.3	31.1
Notes, Loans and Financing Receivable, Net, Noncurrent [Abstract]
Financing Receivable, Gross, Noncurrent	0.6	0.6
Allowance, Noncurrent	0	0
Financing Receivable, Net, Noncurrent	$ 0.6	$ 0.6

Financing Receivables (Credit R

Financing Receivables (Credit Risk Profile) (Details) - Advances to Growers [Member] - USD ($) $ in Millions	Jun. 26, 2015	Dec. 26, 2014
Financing Receivable, Recorded Investment [Line Items]
Current Status	$ 31.9	$ 31.7
Past Due Status	2	2.4
Total	$ 33.9	$ 34.1

Financing Receivables (Allowanc

Financing Receivables (Allowance for Doubtful Accounts and Related Financing Receivables) (Details) - Advances to Growers [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014	Jun. 26, 2015	Jun. 27, 2014
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Finance receivable,allowance for doubtful account, beginning of period	$ 1.9	$ 3.3	$ 2.4	$ 3.3
Provision for Loan, Lease, and Other Losses	0.1	0.6	0.1	0.6
Financing Receivable, Allowance for Credit Losses, Write-offs	0	0	(0.5)	0
Finance receivable, allowance for doubtful accounts, end of period	$ 2	$ 3.9	$ 2	$ 3.9

Stock-Based Compensation (Expen

Stock-Based Compensation (Expense Included in Selling, General and Administrative Expenses Related to Stock Options and Restricted Stock Awards) (Details) - Selling, General and Administrative Expenses [Member] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014	Jun. 26, 2015	Jun. 27, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Compensation Expense	$ 2.7	$ 2.3	$ 6.4	$ 5.5
Employee Stock Option [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Compensation Expense	1	1.3	2.2	2.8
Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Compensation Expense	1.7	1	3.5	2
Restricted Stock [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Compensation Expense	$ 0	$ 0	$ 0.7	$ 0.7

Stock-Based Compensation (Restr

Stock-Based Compensation (Restricted Stock Awards) (Details) - $ / shares	6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	21,875	26,117
Price Per Share		$ 28,890,000
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share-based Payment Award Nonvested	175,000	165,000
Price Per Share	$ 33.44	$ 25.52
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share-based Payment Award Nonvested	50,000
Price Per Share	$ 33.44
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Share-based Payment Award Nonvested	21,875	26,117
Price Per Share	$ 33.60	$ 28.15
Two Thousand Fourteen Omnibus Share Incentive Plan [Member] [Domain]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Gross	0

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Thousands, shares in Millions, $ in Millions	6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 6,260
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	161,000
Excess Tax Benefit from Share-based Compensation, Operating Activities	$ 0.3	$ 0
Proceeds from stock options exercised	$ 19.7	$ 7.7
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vest in Equal Installments	3 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards, Awards that Will Vest, Period	6 months
Restricted Stock Awards, Percent that Vest on the Date of Grant	50.00%
Restricted Stock Awards, Percent that Vest upon retirement
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vest in Equal Installments	4 years
Restricted Stock Awards, Awards that Will Vest, Period	3 years
Maximum [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units, Number of Units Granted	100.00%
Minimum [Member] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Units, Number of Units Granted	0.00%
Two Thousand Fourteen Omnibus Share Incentive Plan [Member] [Domain]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Percent that Vest Immediately	20.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vest in Equal Installments	4 years
Two Thousand Fourteen Omnibus Share Incentive Plan [Member] [Domain] | Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Percent that Vest Immediately	20.00%
Two Thousand Fourteen Omnibus Share Incentive Plan [Member] [Domain] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 26, 2015	Dec. 26, 2014
Inventory Disclosure [Abstract]
Finished Goods	$ 169.1	$ 198.7
Raw Materials and packaging supplies	142.5	152.6
Growing Crops	141.9	164.8
Total Inventories	$ 453.5	$ 516.1

Long-Term Debt and Capital Le49

Long-Term Debt and Capital Lease Obligations (Schedule of Long-Term Debt and Capital Lease Obligations) (Details) - USD ($) $ in Millions	Jun. 26, 2015	Dec. 26, 2014
Debt Instrument [Line Items]
Senior unsecured revolving credit facility	$ 205.2	$ 262.5
Various other notes payable	2.1	3.4
Capital lease obligations	1.5	1
Total long-term debt and capital lease obligations	208.8	266.9
Less: Current portion	(1.8)	(2.2)
Long-term debt and capital lease obligations	$ 207	$ 264.7

Long-Term Debt and Capital Le50

Long-Term Debt and Capital Lease Obligations (Schedule of Line of Credit Facilities) (Details) - USD ($) $ in Millions	Jun. 22, 2015	Apr. 16, 2015	Jun. 26, 2015
Line of Credit Facility [Line Items]
Letters of Credit Outstanding, Amount			$ 21.3
Letters Of Credit And Bank Guarantees Outstanding			9.6
Long-term Debt [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			844.1
Debt instrument, Available Borrowings			$ 613
Long-term Debt [Member] | Credit Facility [Member]
Line of Credit Facility [Line Items]
Debt instrument, Term			5 years
Debt instrument, Maturity Date			Apr. 15, 2020
Debt instrument, Interest Rate at Period End			1.44%
Line of Credit Facility, Maximum Borrowing Capacity			$ 800
Debt instrument, Available Borrowings			$ 594.8
Long-term Debt [Member] | Other Working Capital Facilities [Member]
Line of Credit Facility [Line Items]
Debt Instrument Term, Description			Varies
Debt Instrument, Maturity Date, Description			Varies
Debt Instrument, Interest Rate at Period End Description			Varies
Line of Credit Facility, Maximum Borrowing Capacity			$ 44.1
Debt instrument, Available Borrowings			$ 18.2
Rabobank Nederland [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Description	364 days
Letters of Credit Outstanding, Amount	$ 25
Revolving Credit Facility [Member] | Unsecured Debt [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Interest Rate Description			LIBOR
Debt Instrument, Basis Spread on Variable Rate			1.25%
Debt instrument, Term		5 years
Line of Credit Facility, Maximum Borrowing Capacity		$ 800

Commitments and Contingencies (

Commitments and Contingencies (Details) € in Millions, $ in Millions

Sep. 15, 2014Plaintiffs

Jun. 01, 2012Plaintiffsclaims

Jun. 27, 2008Plaintiffs

Jun. 26, 2015EUR (€)

Sep. 27, 2002USD ($)

Sep. 28, 2001USD ($)

Jun. 26, 2015EUR (€)

Jun. 27, 2014USD ($)

Jun. 28, 2013EUR (€)

Jun. 28, 2013USD ($)

Jun. 26, 2015USD ($)

Oct. 21, 2014Plaintiffs

Sep. 26, 2014

Jun. 04, 2013EUR (€)

Jun. 04, 2013USD ($)

Mar. 14, 2013EUR (€)

Mar. 14, 2013USD ($)

Jan. 02, 2009Plaintiffs

Oct. 17, 2008EUR (€)

Oct. 17, 2008USD ($)

Oct. 14, 2004Plaintiffs

Sep. 25, 2003USD ($)

DBCP Litigation [Member]

Commitments and Contingencies Disclosure [Line Items]

Loss Contingency Number of Plaintiffs | Plaintiffs

3,000

57

Loss Contingency, Claims Dismissed, Number | Plaintiffs

6

Loss Contingency, New Claims Filed, Number | claims

8

Costa Rican Residents [Member] | DBCP Litigation [Member]

Commitments and Contingencies Disclosure [Line Items]

Loss Contingency Number of Plaintiffs | Plaintiffs

461

2,600

Loss Contingency, Claims Dismissed, Number | Plaintiffs

1,329

Kunia Well Site [Member]

Commitments and Contingencies Disclosure [Line Items]

Kunia Well Site cleanup operation, accrual for the expected future clean-up costs

$ 26.1

$ 19.1

Accrual for Environmental Loss Contingencies, Period Increase (Decrease)

$ 7

$ 15

$ 1.4

Kunia Well Site cleanup operation, undiscounted estimated remediation costs associated with the cleanup

$ 14.8

Kunia Well Site cleanup operation, discount rate of accrual for the expected future clean-up costs

3.00%

Accrual for Environmental Loss Contingencies, Undiscounted, Due within One Year

$ 0.8

Accrual for Environmental Loss Contingencies, Undiscounted, Due in Second Year

0.5

Accrual for Environmental Loss Contingencies, Undiscounted, Due in Third Year

1.7

Accrual for Environmental Loss Contingencies, Undiscounted, Due in Fourth Year

1.7

Accrual for Environmental Loss Contingencies, Undiscounted, Due in Fifth Year

0.8

Site Contingency, Time Frame of Disbursements

10 years

Kunia Well Site [Member] | Other Noncurrent Liabilities [Member]

Commitments and Contingencies Disclosure [Line Items]

Kunia Well Site cleanup operation, accrual for the expected future clean-up costs

13.8

Kunia Well Site [Member] | Accounts Payable and Accrued Expenses Current [Member]

Commitments and Contingencies Disclosure [Line Items]

Kunia Well Site cleanup operation, accrual for the expected future clean-up costs

0.8

Kunia Well Site [Member] | Minimum [Member]

Commitments and Contingencies Disclosure [Line Items]

Kunia Well Site cleanup operation, accrual for the expected future clean-up costs

12.9

Kunia Well Site cleanup operation, undiscounted estimated remediation costs associated with the cleanup

14.8

Kunia Well Site [Member] | Maximum [Member]

Commitments and Contingencies Disclosure [Line Items]

Kunia Well Site cleanup operation, accrual for the expected future clean-up costs

25.4

Kunia Well Site cleanup operation, undiscounted estimated remediation costs associated with the cleanup

$ 28.7

EU Antitrust Litigation [Member]

Commitments and Contingencies Disclosure [Line Items]

European Union Antitrust Investigation, imposed fine

€ 9.8

$ 10.9

€ 8.8

$ 9.8

€ 14.7

$ 16.4

Loss Contingency, Settlement Agreement, Terms

0.45

Loss Contingency Accrual

€ 1

$ 1.1

EU Antitrust Litigation [Member] | Accounts Payable and Accrued Expenses Current [Member]

Commitments and Contingencies Disclosure [Line Items]

European Union Antitrust Investigation, imposed fine

€ 6.5

€ 6.5

$ 7.3

EU Antitrust Litigation [Member] | Weichert [Member]

Commitments and Contingencies Disclosure [Line Items]

Noncontrolling interest, ownership percentage by parent

80.00%

Loss Contingency, Settlement Agreement, Terms

0.55

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 26, 2015	Jun. 27, 2014	Jun. 26, 2015	Jun. 27, 2014
Numerator:
Net income attributable to Fresh Del Monte Produce Inc.		$ 64.5	$ 64.3	$ 107	$ 122.9
Denominator:
Weighted average number of ordinary shares - Basic		52,655,228	55,719,554	52,831,466	56,100,702
Effect of dilutive securities - Share based employee options and awards		492,376	359,021	447,257	342,355
Weighted average number of ordinary shares - Diluted		53,147,604	56,078,575	53,278,723	56,443,057
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	[1]	0	2,061,632	0	2,061,632
Net income per ordinary share attributable to Fresh Del Monte Produce Inc.:
Basic		$ 1.22	$ 1.15	$ 2.03	$ 2.19
Diluted		$ 1.21	$ 1.15	$ 2.01	$ 2.18
[1]	Options to purchase shares of common stock and unvested RSU's and PSU's are not included in the calculation of Net income per ordinary share because the effect would have been anti-dilutive

Retirement and Other Employee53

Retirement and Other Employee Benefits (Net Periodic Pension Cost of Defined Benefit Pension and Post-Retirement Benefit Plans) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014	Jun. 26, 2015	Jun. 27, 2014
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1.5	$ 1.4	$ 2.9	$ 2.7
Interest cost	1.6	1.8	3.3	3.6
Expected return on assets	(0.9)	(1.1)	(1.9)	(2.3)
Amortization of net actuarial loss	0.4	0.3	0.8	0.6
Net periodic benefit costs	$ 2.6	$ 2.4	$ 5.1	$ 4.6

Business Segment Data (Details)

Business Segment Data (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014	Jun. 26, 2015	Jun. 27, 2014
Segment Reporting Information [Line Items]
Net sales	$ 1,134.1	$ 1,131.3	$ 2,142.5	$ 2,113.6
Gross Profit	114	121.5	214.4	228.2
Banana [Member]
Segment Reporting Information [Line Items]
Net sales	513.8	505.1	968.1	942
Gross Profit	44.6	49.9	80.7	80.9
Other Fresh Produce [Member]
Segment Reporting Information [Line Items]
Net sales	523.7	518.2	988.3	972.5
Gross Profit	54.9	55.7	105.6	120.3
Prepared Food [Member]
Segment Reporting Information [Line Items]
Net sales	96.6	108	186.1	199.1
Gross Profit	$ 14.5	$ 15.9	$ 28.1	$ 27

Derivative Financial Instrume55

Derivative Financial Instruments (Outstanding Foreign Currency Forward Contracts that were Entered into to Hedge Forecasted Cash Flows) (Details) - Jun. 26, 2015 € in Millions, ₩ in Millions, ¥ in Millions, £ in Millions	EUR (€)	GBP (£)	KRW (₩)	JPY (¥)
Foreign Exchange Contract [Member]
Derivative [Line Items]
Notional Amount	€ 170.6	£ 1.9	₩ 8,970	¥ 3,892.4

Derivative Financial Instrume56

Derivative Financial Instruments (Fair Values of Derivative Instruments) (Details) - USD ($) $ in Millions		Jun. 26, 2015		Dec. 26, 2014
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months		$ 21.7
Net fair value of hedges recognized as a gain (loss) in accumulated other comprehensive income (AOCI) that will be transferred to earnings after 12 months		3.5
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Derivative at Fair Value	[1]	21.7	[2]	$ 22.7
Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Derivative at Fair Value	[1]	3.5	[2]	3.1
Total Asset Derivatives [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Derivative at Fair Value	[1]	25.2	[2]	25.8
Accounts Payable and Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Derivative at Fair Value	[1]	0	[2]	0.2
Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Derivative at Fair Value	[1]	0	[2]	0
Total Liability Derivatives [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Derivative at Fair Value	[1]	$ 0	[2]	$ 0.2
[1]	See Note 15, "Fair Value Measurements", for fair value disclosures.
[2]	We expect that $21.7 million and $3.5 million of the net fair value of hedges recognized as a gain in accumulated other comprehensive income ("AOCI") will be transferred to earnings during the next 12 months and last six months of 2016, respectively, along with the earnings effect of the related forecasted transactions.

Derivative Financial Instrume57

Derivative Financial Instruments (Effect of Derivative Instruments on the Consolidated Statements of Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014	Jun. 26, 2015	Jun. 27, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	$ (11.6)	$ 1.4	$ (0.1)	$ (0.4)
Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	11.2	(1.5)	20.2	(1.4)
Foreign Exchange Contract [Member] | Net Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	(11.5)	2.4	(0.2)	3.2
Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	11.1	(1.5)	20.3	(2.1)
Foreign Exchange Contract [Member] | Cost of Products Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)	(0.1)	(1)	0.1	(3.6)
Amount of Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	$ 0.1	$ 0	$ (0.1)	$ 0.7

Fair Value Measurements (Fair V

Fair Value Measurements (Fair Values of Assets and Liabilities Measured on a Recurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Millions	Jun. 26, 2015	Dec. 26, 2014
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Cash Flow Hedge Derivative at Fair Value	$ 0	$ 0
Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Cash Flow Hedge Derivative at Fair Value	25.2	25.6
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Cash Flow Hedge Derivative at Fair Value	$ 0	$ 0

Fair Value Measurements (Nonrec

Fair Value Measurements (Nonrecurring Fair Value Measurement) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014	Jun. 26, 2015	Jun. 27, 2014	Dec. 26, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restructuring Charges Credits	$ 0.5	$ (2)	$ 0.5	$ 0.4
Restructuring Reserve	1.9	1.2	1.9	1.2	$ 2.6
Goodwill	330.3		330.3		$ 330.5
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restructuring Reserve		0		0
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | UNITED KINGDOM
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restructuring Reserve		0		0
Significant Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restructuring Reserve		0		0
Significant Observable Inputs (Level 2) [Member] | UNITED KINGDOM
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restructuring Reserve		0		0
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restructuring Reserve		1.2		1.2
Significant Unobservable Inputs (Level 3) [Member] | UNITED KINGDOM
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restructuring Reserve		1.2		1.2
Tomato and Vegetable Reporting Unit [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill	$ 66.1		$ 66.1
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	5.00%		5.00%
Goodwill Impairment Test Effect of One Percentage Point Increase in Discount Rate and Five Percent Decrease in Cash Flows on Carrying Value to Exceed Fair Value and Trigger Fair Valuation	$ 17.6		$ 17.6
Banana [Member] | UNITED KINGDOM
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restructuring Charges Credits		(0.7)		(0.7)
Restructuring Reserve		1.2		1.2
Other Fresh Produce [Member] | UNITED KINGDOM
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restructuring Charges Credits		$ (0.1)		$ (0.1)

Accumulated Other Comprehensi60

Accumulated Other Comprehensive Income (Loss) (Changes in OCI) (Details) - USD ($) $ in Millions		6 Months Ended
		Jun. 26, 2015	Jun. 27, 2014	Dec. 26, 2014	Dec. 27, 2013
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	[1]	$ (3.2)	$ (1)	$ 2.6	$ (3.4)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	[1]	13.6	0.4
Amounts reclassified from accumulated other comprehensive income (loss)	[1]	(19.4)	2
Net current period other comprehensive income (loss)	[1]	(5.8)	2.4
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest		(0.3)	0.4
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax, Portion Attributable to Noncontrolling Interest		0.1	0.2
Changes in Fair Value of Effective Cash Flow Hedges [Member]
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	[1]	25.2	(3.5)	25.2	(3.1)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	[1]	20.2	(1.8)
Amounts reclassified from accumulated other comprehensive income (loss)	[1]	(20.2)	1.4
Net current period other comprehensive income (loss)	[1]	0	(0.4)
Foreign Currency Translation Adjustment [Member]
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	[1]	(7.3)	13.9	(0.8)	12
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	[1],[2]	(6.5)	1.9
Amounts reclassified from accumulated other comprehensive income (loss)	[1]	0	0
Net current period other comprehensive income (loss)	[1]	(6.5)	1.9
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax		(3.5)	(0.3)
Retirement Benefit Adjustment [Member]
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss	[1]	(21.1)	(11.4)	$ (21.8)	$ (12.3)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	[1],[3]	(0.1)	0.3
Other comprehensive income (loss) before reclassifications		0.1	0.2
Amounts reclassified from accumulated other comprehensive income (loss)	[1]	0.8	0.6
Net current period other comprehensive income (loss)	[1]	$ 0.7	$ 0.9
[1]	All amounts are net of tax and noncontrolling interest.
[2]	Includes a loss of $3.5 million for the six months ended June 26, 2015 and a loss of $0.3 million for the six months ended June 27, 2014 on intra-entity foreign currency transactions that are of a long-term-investment nature
[3]	Includes a loss of $0.1 million and $0.2 million of noncontrolling interest related to Retirement Benefit adjustment for the six months ended June 26, 2015 and June 27, 2014

Accumulated Other Comprehensi61

Accumulated Other Comprehensive Income (Loss) (Reclassification from OCI) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014	Jun. 26, 2015	Jun. 27, 2014
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Sales Revenue, Goods, Net	$ 1,134.1	$ 1,131.3	$ 2,142.5	$ 2,113.6
Cost of sales	(1,020.1)	(1,009.8)	(1,928.1)	(1,885.4)
Actuarial losses - Selling, general and administrative expenses	(41.9)	(44.3)	(85.8)	(88)
Changes in Fair Value of Effective Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Sales Revenue, Goods, Net	(11.1)	1.5
Revenues			(20.3)	2.1
Cost of sales	(0.1)	0	0.1	(0.7)
Total	(11.2)	1.5	(20.2)	1.4
Retirement Benefit Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	0.3	0.2	0.6	0.4
Actuarial losses - Selling, general and administrative expenses	0.1	0.1	0.2	0.2
Total	$ 0.4	$ 0.3	$ 0.8	$ 0.6

Shareholders' Equity Shareholde

Shareholders' Equity Shareholders' Equity Ordinary Shares Activity (Details) - shares	6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014
Shareholders' Equity [Abstract]
Stock option exercises	698,373	378,994
Restricted stock grants	21,875	26,117
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures	128,999	170,572
Ordinary shares repurchase and retirement	(2,056,604)	(1,312,771)

Shareholders' Equity Sharehol63

Shareholders' Equity Shareholder's Equity Dividends (Details) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 26, 2015	Jun. 27, 2014	Jun. 26, 2015	Jun. 27, 2014
Shareholders' Equity [Abstract]
Dividend Declared Date	May 29, 2015	May 30, 2014	Mar. 27, 2015	Mar. 28, 2014
Cash Dividend Declared, per Ordinary Share	$ 0.125	$ 0.125	$ 0.250	$ 0.250

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended		12 Months Ended
	Jun. 26, 2015	Jun. 27, 2014	Dec. 26, 2014	May. 01, 2013
Stockholders' Equity Note [Abstract]
Preferred Stock, Shares Issued	0		0
Preferred Stock, Shares Outstanding	0		0
Preferred shares, shares authorized	50,000,000		50,000,000
Preferred shares, par value	$ 0.01		$ 0.01
Ordinary shares, issued	52,692,566		53,899,923
Ordinary shares, outstanding	52,692,566		53,899,923
Ordinary shares, authorized	200,000,000		200,000,000
Ordinary shares, par value	$ 0.01		$ 0.01
Stock Repurchase Program:
Ordinary shares repurchase and retirement	2,056,604	1,312,771
Stock repurchase program, ordinary shares authorized				$ 300
Stock repurchase program, value of ordinary shares repurchased and retired	$ 257.5
Stock repurchase program, ordinary shares repurchased and retired	8,188,255
Stock Repurchased and Retired During Period, Shares			2,363,996
Accelerated Share Repurchases, Final Price Paid Per Share			$ 34.50
Stock repurchase program, maximum remaining amount	$ 42.5
Payments of dividends, common stock	$ 13.1	$ 14.2