Fresh Del Monte Produce (FDP) 10-Q 1 Aug 17 2017 Q2 Quarterly report Financial data

Document

Document - shares	6 Months Ended
	Jun. 30, 2017	Jul. 21, 2017
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	--12-29
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding (shares)		50,109,584

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 30, 2016
Current assets:
Cash and cash equivalents	$ 24.4	$ 20.1
Trade accounts receivable, net of allowance of $16.7 and $11.3, respectively	382.1	349.2
Other accounts receivable, net of allowance of $8.2 and $7.8, respectively	58.9	63
Inventories, net	457.5	493.2
Prepaid expenses and other current assets	34.9	35.6
Total current assets	957.8	961.1
Investments in and advances to unconsolidated companies	1.9	2
Property, plant and equipment, net	1,304.9	1,272
Deferred income taxes	64	66.2
Goodwill	261.5	260.9
Other noncurrent assets	97.9	91.1
Total assets	2,688	2,653.3
Current liabilities:
Accounts payable and accrued expenses	360.1	360.5
Current portion of long-term debt and capital lease obligations	0.5	0.6
Income taxes and other taxes payable	15.8	8
Total current liabilities	376.4	369.1
Long-term debt and capital lease obligations	226	231.7
Retirement benefits	96.1	93.6
Other noncurrent liabilities	42.1	50.8
Deferred income taxes	90.5	91.7
Total liabilities	831.1	836.9
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; 50,104,086 and 51,256,906 issued and outstanding, respectively	0.5	0.5
Paid-in capital	535.5	549.7
Retained earnings	1,335.3	1,285.8
Accumulated other comprehensive loss	(39.2)	(44.2)
Total Fresh Del Monte Produce Inc. shareholders' equity	1,832.1	1,791.8
Noncontrolling interests	24.8	24.6
Total shareholders' equity	1,856.9	1,816.4
Total liabilities and shareholders' equity	$ 2,688	$ 2,653.3

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parentheticals) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 30, 2016
Statement of Financial Position [Abstract]
Allowance for Trade accounts receivable	$ 16.7	$ 11.3
Allowance for Other accounts receivable	$ 8.2	$ 7.8
Ordinary shares, par value (usd per share)	$ 0.01	$ 0.01
Ordinary shares, authorized (shares)	200,000,000	200,000,000
Ordinary shares, issued (shares)	50,104,086	51,256,906
Ordinary shares, outstanding (shares)	50,104,086	51,256,906
Preferred shares, par value (usd per share)	$ 0.01	$ 0.01
Preferred shares, authorized (shares)	50,000,000	50,000,000
Preferred shares, issued (shares)	0	0
Preferred shares, outstanding (shares)	0	0

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jul. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Income Statement [Abstract]
Net sales	$ 1,147.1	$ 1,088.6	$ 2,179.5	$ 2,106.7
Cost of products sold	1,023.9	943.2	1,957.2	1,820.6
Gross profit	123.2	145.4	222.3	286.1
Selling, general and administrative expenses	41.9	44.5	89.8	91.6
Gain on disposal of property, plant and equipment, net	(0.1)	(8.9)	(0.9)	(5.8)
Asset impairment and other charges, net	1.9	3.1	0	3.1
Operating income	79.5	106.7	133.4	197.2
Interest expense	1.6	1.3	3	2.2
Interest income	(0.2)	(0.3)	(0.3)	(0.4)
Other expense (income), net	0.5	(0.7)	0.6	(3.3)
Income before income taxes	77.6	106.4	130.1	198.7
Provision for income taxes	7.8	8.7	14.7	19.8
Net income	69.8	97.7	115.4	178.9
Less: Net income (loss) attributable to noncontrolling interests	0.6	1.5	(0.2)	1
Net income attributable to Fresh Del Monte Produce Inc.	$ 69.2	$ 96.2	$ 115.6	$ 177.9
Net income per ordinary share attributable to Fresh Del Monte Produce Inc. - Basic (usd per share)	$ 1.37	$ 1.88	$ 2.27	$ 3.46
Net income per ordinary share attributable to Fresh Del Monte Produce Inc. - Diluted (usd per share)	1.36	1.86	2.25	3.43
Dividends declared per ordinary share (usd per share)	$ 0.150	$ 0.125	$ 0.30	$ 0.250
Weighted average number of ordinary shares:
Basic (shares)	50,572,056	51,164,438	50,895,738	51,396,505
Diluted (shares)	50,932,365	51,700,345	51,300,697	51,868,455

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jul. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 69.8	$ 97.7	$ 115.4	$ 178.9
Other comprehensive (loss) income:
Net unrealized (loss) gain on derivatives	(3.8)	0.3	(6.4)	(9.6)
Net unrealized foreign currency translation gain (loss)	7.1	(4.4)	11.1	1.2
Net change in retirement benefit adjustment, net of tax	0.2	0.1	0.3	0.2
Comprehensive income	73.3	93.7	120.4	170.7
Less: comprehensive gain (loss) attributable to noncontrolling interests	0.6	1.4	(0.2)	1.3
Comprehensive income attributable to Fresh Del Monte Produce Inc.	$ 72.7	$ 92.3	$ 120.6	$ 169.4

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jul. 01, 2016
Operating activities:
Net income	$ 115.4	$ 178.9
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	40	38
Amortization of debt issuance costs	0.2	0.2
Stock-based compensation expense	6.5	7.9
Asset impairment, net	2.2	3.1
Change in uncertain tax positions	0.2	0.1
Gain on disposal of property, plant and equipment	(0.9)	(5.8)
Deferred income taxes	0.2	(0.9)
Foreign currency translation adjustment	6.2	(1.8)
Changes in operating assets and liabilities:
Receivables	(28.2)	9.3
Inventories	34.4	57.4
Prepaid expenses and other current assets	(4.2)	(0.8)
Accounts payable and accrued expenses	12.5	(12.1)
Other noncurrent assets and liabilities	(10.6)	(4.1)
Net cash provided by operating activities	173.9	269.4
Investing activities:
Capital expenditures	(71.9)	(67.3)
Proceeds from sales of property, plant and equipment	2.9	7.4
Purchase of a business	0	(7.1)
Net cash used in investing activities	(69)	(67)
Financing activities:
Proceeds from long-term debt	330.9	250.6
Payments on long-term debt	(337.3)	(316.6)
Purchase of noncontrolling interest	0	(40)
Distributions to noncontrolling interests, net	(3.6)	(0.1)
Proceeds from stock options exercised	0.1	4.2
Stock-based awards settled in cash for taxes	(3.8)	(0.3)
Dividends paid	(15.2)	(12.7)
Repurchase and retirement of ordinary shares	(71.6)	(68.7)
Net cash used in financing activities	(100.5)	(183.6)
Effect of exchange rate changes on cash	(0.1)	(0.9)
Net increase in cash and cash equivalents	4.3	17.9
Cash and cash equivalents, beginning	20.1	24.9
Cash and cash equivalents, ending	24.4	42.8
Supplemental cash flow information:
Cash paid for interest	2.6	1.9
Cash paid for income taxes	5.9	7.5
Non-cash financing and investing activities:
Purchase of assets under capital lease obligations	0	0.1
Retirement of ordinary shares	71.6	66.9
Purchase of noncontrolling interest	0	5
Dividends on restricted stock units	$ 0.3	$ 0

General

General	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General Reference in this Report to "Fresh Del Monte", “we”, “our” and “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, citrus, kiwis and blueberries) avocados and tomatoes, primarily from Central America, South America, Africa and the Philippines. We also source products from North America, Europe and the Middle East and distribute our products in North America, Europe, Middle East, Asia, South America and Africa. 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 vegetables, 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 30, 2017 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 30, 2017 are subject to significant seasonal variations and are not necessarily indicative of the results that may be expected for the year ending December 29, 2017 . 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 30, 2016 . We are required to evaluate events occurring after June 30, 2017 for recognition and disclosure in the unaudited Consolidated Financial Statements for the quarter and six months ended June 30, 2017 . Events are evaluated based on whether they represent information existing as of June 30, 2017 , which require recognition in the unaudited Consolidated Financial Statements, or new events occurring after June 30, 2017 , which do not require recognition but require disclosure if the event is significant to the unaudited Consolidated Financial Statements. We evaluated events occurring subsequent to June 30, 2017 through the date of issuance of these unaudited Consolidated Financial Statements.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements New Accounting Pronouncements Adopted In March 2016, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU"), Improvements to Employee Share-Based Payment Accounting , which simplified several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. The new standard requires excess tax benefits or deficiencies for share-based payments to be recognized as income tax benefit or expense, rather than within additional paid-in capital, when the awards vest or are settled. Furthermore, cash flows related to excess tax benefits are required to be classified as operating activities in the statement of cash flows rather than financing activities. We have elected to adopt the cash flow presentation of excess tax benefits retrospectively and have adjusted our Consolidated Statement of Cash Flows by $0.2 million for the six months ended July 1, 2016 . We adopted these amendments effective December 31, 2016 , the first day of our fiscal 2017 year. We have elected to account for forfeitures of stock-based awards as they occur and have adopted on a modified retrospective basis, as such, we recorded a cumulative effect adjustment of $0.2 million (pre-tax) to reduce retained earnings and increase additional paid-in capital as of December 31, 2016, the first day of our fiscal 2017 year. 2 . Recently Issued Accounting Pronouncements (continued) The new standard also requires the presentation of cash paid to taxing authorities at settlement arising from the withholding of shares from employees be classified as a financing activity on the statement of cash flows. We adopted these amendments, effective December 31, 2016, the first day of our fiscal 2017 year, on a retrospective basis and included $0.3 million related to stock-based awards settled in cash for taxes in financing activities in our Consolidated Statements of Cash Flows for the six months ended July 1, 2016 . In July 2015, the FASB issued an ASU, Simplifying the Measurement of Inventory . The core principal of the guidance is that an entity should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This guidance does not apply to inventory that is being measured using the Last-In, First-Out (LIFO) or the retail inventory method. The Company adopted this guidance on December 31, 2016 , the first day of our fiscal 2017 year, and determined there were no changes to disclosure, financial statement presentation, or valuation of inventory as a result of adoption. New Accounting Pronouncements Not Yet Adopted In May 2017, the FASB issued an ASU, Stock Compensation (Topic 718), Scope of Modification Accounting . This ASU clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The guidance clarifies that modification accounting will be applied if the value, vesting conditions or classification of the award changes. This ASU will be effective for us beginning the first day of our 2018 fiscal year. We expect this award to impact modifications meeting the clarified criteria prospectively beginning in 2018. In March 2017, the FASB issued an ASU, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. This ASU requires that the service cost component of net periodic benefit costs from defined benefit and other postretirement benefit plans be included in the same Consolidated Statements of Income captions as other compensation costs arising from services rendered by the covered employees during the period. The other components of net benefit cost will be presented in the Consolidated Statements of Income separately from service costs. Following adoption, only service costs will be eligible for capitalization into manufactured inventories, which should reduce diversity in practice. This ASU will be effective for us beginning the first day of our 2018 fiscal year. As this ASU only affects presentation and disclosure, we do not anticipate a significant impact of adoption on our financial condition, results of operations and cash flows. In February 2017, the FASB issued an ASU, Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets: Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets, which clarifies the scope of asset derecognition and adds further guidance for recognizing gains and losses from the transfer of nonfinancial assets in contracts with non-customers. This ASU will be effective for us beginning the first day of our 2018 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, results of operations and cash flows, and, as such, we are not able to estimate the effect the adoption of the new standard will have on our financial statements. In January 2017, the FASB issued an ASU, Business Combinations: Clarifying the Definition of a Business, which adds guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This ASU will be effective for us beginning the first day of our 2018 fiscal year. Early adoption is permitted. We do not expect this ASU to have an impact until a valid transaction takes place. In January 2017, the FASB issued an ASU, Simplifying the Test for Goodwill Impairment, which removes the requirement to compare the implied fair value of goodwill with its carrying amount as part of step 2 of the goodwill impairment test. The ASU permits an entity to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. This ASU will be effective for us beginning the first day of our 2020 fiscal year. Early adoption is permitted. We are evaluating whether to early adopt. After adoption, we do not expect this ASU to have an impact until a valid transaction takes place. In October 2016, the FASB issued an ASU, Intra-Entity Transfers of Assets Other Than Inventory , which will require companies to recognize the income tax effects of intra-entity sales and transfers of assets other than inventory, particularly those asset transfers involving intellectual property, in the period in which the transfer occurs. The ASU will be effective for us beginning the first day of our 2018 fiscal year. 2 . Recently Issued Accounting Pronouncements (continued) The guidance requires modified retrospective adoption. We are evaluating the impact of adoption of this ASU on our financial condition, results of operations and cash flows, and, as such, we are not able to estimate the effect the adoption of the new standard will have on our financial statements. In August 2016, the FASB issued an ASU, Classification of Certain Cash Receipts and Cash Payments , which addresses eight specific cash flow issues in an effort to reduce diversity in practice. This ASU will be effective for us beginning the first day of our 2018 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our cash flows, and as such, we are not able to estimate the effect that the adoption of this ASU will have on reclassifications within our Consolidated Statement of Cash Flows. In June 2016, the FASB issued an ASU, Financial Instruments - Measurement of Credit Losses on Financial Instruments, which requires measurement and recognition of expected credit losses for financial assets held. Entities will be required to use a new forward-looking “expected loss” model that results in the earlier recognition of allowances for losses on trade and other receivables. Additionally, entities will need to disclose significantly more information they use to track credit quality by year of origination for most financing receivables. This ASU will be effective for us beginning the first day of our 2020 fiscal year. Early adoption is permitted beginning the first day of our 2019 fiscal year. We are evaluating the impact of adoption of this ASU on our financial condition, results of operations and cash flows, and, as such, we are not able to estimate the effect the adoption of the new standard will have on our financial statements. In February 2016, the FASB issued an ASU, Leases , which requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases may result in the lessee recognizing a right-of use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense. The guidance also requires qualitative and specific quantitative disclosures to supplement the amounts recorded in the financial statements so that users can understand more about the nature of an entity’s leasing activities, including significant judgments and changes in judgments. This ASU will be effective for us beginning the first day of our 2019 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, results of operations and cash flows, and, as such, we are not able to estimate the effect the adoption of the new standard will have on our financial statements. In May 2014, the FASB issued an ASU, Revenue From Contracts with Customer s, and has subsequently issued several supplemental and/or clarifying ASUs (collectively, "ASC 606"), which prescribes a comprehensive new revenue recognition standard that will supersede existing revenue guidance. The core principle is that a company will recognize revenue when it transfers promised goods or services to customers for 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. ASC 606 will be effective for us beginning the first day of our 2018 fiscal year. Early adoption is permitted. We have commenced our implementation analysis including contract review under the ASC 606 framework and identification of revenue streams. Our analysis includes reviewing current accounting policies and practices to identify potential differences that would result from applying the requirements under this new standard. The Company has reviewed a sample of contracts with its customers that the Company believes is representative of its revenue streams and continues to review additional contracts with its customers during 2017, including any additional revenue streams identified. ASC 606 requires increased disclosure which in turn is expected to require certain new processes. The impact of adoption of ASC 606 on our financial condition, results of operations, cash flows and disclosures, is ongoing, and, as such, we are not able to reasonably estimate the effect that the adoption of the new standard will have on our financial statements. The standard permits the use of either the retrospective or modified retrospective transition method. We will adopt the new standard using the modified retrospective transition method, under which the cumulative effect of initially applying the new guidance is recognized as an adjustment to the opening balance of retained earnings on the first day of our 2018 fiscal year.

Asset Impairment and Other Char

Asset Impairment and Other Charges, Net	6 Months Ended
	Jun. 30, 2017
Asset Impairment and Other Charges, Net [Abstract]
Asset Impairment and Other Charges, Net	Asset Impairment and Other Charges, Net The following represents a summary of asset impairment and other charges, net recorded during the quarters and six months ended June 30, 2017 and July 1, 2016 (U.S. dollars in millions): Quarter ended Six months ended June 30, 2017 June 30, 2017 Long-lived Long-lived Other Total Banana segment: Philippines floods $ 0.5 $ 0.8 $ — $ 0.8 Chile floods 0.8 0.8 — 0.8 Underutilized assets in Central America 0.6 0.6 — 0.6 Other fresh produce segment: Chile insurance proceeds on floods — — (2.2 ) (2.2 ) Total asset impairment and other charges (credits), net $ 1.9 $ 2.2 $ (2.2 ) $ — Quarter ended Six months ended July 1, 2016 July 1, 2016 Long-lived Long-lived Other Total Banana segment: Philippines plantation conversion to pineapple $ 2.5 $ 2.5 $ — $ 2.5 Underutilized assets in Central America 0.6 0.6 — 0.6 Total asset impairment and other charges $ 3.1 $ 3.1 $ — $ 3.1 3 . Asset Impairment and Other Charges, Net (continued) Exit Activity and Other Reserves Exit activity and other reserve balances are recorded in the Consolidated Balance Sheets in accounts payable and accrued expenses for the current portion and in other noncurrent liabilities for the noncurrent portion. The following is a rollforward of 2017 exit activity and other reserves (U.S. dollars in millions): Exit activity and Cash paid Foreign exchange impact Exit activity and Contract termination and other exit activity charges $ 1.0 $ (0.3 ) $ (0.1 ) $ 0.6 $ 1.0 $ (0.3 ) $ (0.1 ) $ 0.6 The exit activity and other reserve balance at June 30, 2017 includes $0.6 million related to contract termination costs for an underutilized facility in the United Kingdom which relates to previous periods. We do not expect additional charges related to the exit activities mentioned above that would significantly impact our results of operations or financial condition.

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Acquisition	Acquisition During June 2016, we purchased a blueberry farm in Chile of approximately 320 acres, which includes agricultural production land, packing houses and farm equipment. The purchase price for this farm was $7.1 million and was funded using operating cash flows and available borrowings under the Credit Facility (as defined in Note 11 “ Long-Term Debt and Capital Lease Obligations ”). Goodwill represents the excess purchase price above the fair market value of the net assets acquired. We recorded $0.8 million of goodwill in our Other Fresh Produce segment as a result of this acquisition.

Noncontrolling Interests

Noncontrolling Interests	6 Months Ended
	Jun. 30, 2017
Noncontrolling Interest [Abstract]
Noncontrolling Interests	Noncontrolling Interests The following table reconciles shareholders’ equity attributable to noncontrolling interests (U.S. dollars in millions): Six months ended June 30, July 1, Noncontrolling interests, beginning $ 24.6 $ 42.9 Purchase of noncontrolling interest (1) — (19.5 ) Net (loss) income attributable to noncontrolling interests (0.2 ) 1.0 Translation adjustments — 0.3 Retirement benefit adjustment — (0.1 ) Capital contributions from, net of dividends 0.4 — Noncontrolling interests, ending $ 24.8 $ 24.6 (1) We purchased the remaining interest of this Variable Interest Entity ("VIE") for $45.0 million on April 28, 2016. We recorded a charge of $25.5 million to equity as a result of the difference between the fair value of the consideration of $45.0 million less the $19.5 million carrying value of the noncontrolling interest. Refer to Note 6 , “ Variable interest Entitie s”, for disclosures related to the purchase of the remaining interest in our VIE.

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2017
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities One of our Del Monte Gold ® Extra Sweet pineapple producers met the definition of a VIE pursuant to the ASC guidance on “ Consolidation ” and is consolidated. Our variable interest in this entity included an equity investment and certain debt guarantees. All of this VIE's pineapple production was sold to us. Based on the criteria of this ASC, as amended, we were the primary beneficiary of this VIE’s expected residual returns or losses in excess of our ownership interest. On April 28, 2016, we acquired the remaining 60% noncontrolling interest of this VIE for $45.0 million , which we paid using operating cash flows and available borrowings under the Credit Facility (as defined in Note 11 “ Long-Term Debt and Capital Lease Obligations ”).

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In connection with a current examination of the tax returns in two foreign jurisdictions the taxing authorities have issued, during the current quarter, income tax deficiencies related to transfer pricing of approximately $125.4 million (including interest and penalties) for tax years 2012 through 2015. We strongly disagree with the proposed adjustments and have filed a protest with each of the taxing authorities as the Company believes that the proposed adjustments are without technical merit. The Company will continue to vigorously contest the adjustments and exhaust all administrative and judicial remedies to resolve the matters, which could be a lengthy process. The Company regularly assesses the likelihood of adverse outcomes resulting from examinations such as this to determine the adequacy of its tax reserves. Accordingly, the Company has not accrued any additional amounts based upon the proposed adjustments. There can be no assurance that this matter will be resolved in our favor, and an adverse outcome of this matter, or any future tax examinations involving similar assertions, could have a material effect on our results of operations and financial condition.

Financing Receivables

Financing Receivables	6 Months Ended
	Jun. 30, 2017
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. Allowances for advances to independent growers and suppliers are determined on a case by case basis depending on the production for the season and other contributing factors. 8 . Financing Receivables (continued) The following table details financing receivables including the related allowance for advances to independent growers and suppliers including their credit risk profile (U.S. dollars in millions): June 30, 2017 December 30, 2016 Short-term Long-term Short-term Long-term Gross advances to independent growers and suppliers $ 26.3 $ 1.7 $ 35.8 $ 0.2 Allowance for advances to independent growers and suppliers (past due) (2.5 ) (0.1 ) (1.5 ) — Net advances to independent growers and suppliers $ 23.8 $ 1.6 $ 34.3 $ 0.2 The short-term and long-term portions of the financing receivables included above are classified in the Consolidated Balance Sheets in other accounts receivable and other noncurrent assets. The allowance for advances to independent growers and suppliers and the related financing receivables for the quarters and six months ended June 30, 2017 and July 1, 2016 were as follows (U.S. dollars in millions): Quarter ended Six months ended June 30, 2017 July 1, June 30, July 1, Allowance for advances to independent growers and suppliers: Balance, beginning of period $ 1.5 $ 2.1 $ 1.5 $ 2.1 Provision for uncollectible amounts 1.1 — 1.1 — Deductions to allowance related to write-offs — (0.5 ) — (0.5 ) Balance, end of period $ 2.6 $ 1.6 $ 2.6 $ 1.6

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2017
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 including performance stock units. We disclosed the significant terms of the 2014 Plan and prior plans in the notes to our consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 30, 2016 . Stock-based compensation expense related to stock options, restricted stock awards ("RSAs"), restricted stock units ("RSUs") and performance stock units ("PSUs") is included in selling, general and administrative expenses in the accompanying Consolidated Statements of Income and is comprised as follows (U.S. dollars in millions): Quarter ended Six months ended June 30, July 1, June 30, July 1, Stock options $ 0.2 $ 0.6 $ 0.3 $ 1.3 RSUs/PSUs 2.7 2.6 5.3 5.7 RSAs — — 0.9 0.9 Total $ 2.9 $ 3.2 $ 6.5 $ 7.9 We received proceeds from the exercise of stock-based options of $0.1 million for the six months ended June 30, 2017 and $4.2 million for the six months ended July 1, 2016 . 9 . Stock-Based Compensation (continued) Stock Option Awards Under the 2014 Plan and prior plans, 20% of the options 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 30, 2017 or July 1, 2016 . 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 recognized as they occur. 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. For RSAs awarded under the 2014 Plan, 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 30, 2017 and July 1, 2016 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, we recognize compensation cost immediately for restricted stock awards granted to non-management members of the Board of Directors. The following table lists RSAs awarded under the 2014 plan for the six months ended June 30, 2017 and July 1, 2016 : Date of award Shares of Price per share January 3, 2017 14,294 $ 61.21 January 4, 2016 22,946 38.13 Restricted Stock Units/Performance Stock Units Under the 2014 Plan, 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 the 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 RSUs/PSUs are included in the calculation of diluted earnings per share to the extent the performance criteria are met, if any. 9 . 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 recognized as they occur. The following table lists the various RSUs and PSUs awarded under the 2014 Plan for the six months ended June 30, 2017 and July 1, 2016 (U.S. dollars in millions, except share and per share data): Date of award Type of award Units awarded Price per share February 22, 2017 PSU 100,000 $ 56.52 February 22, 2017 RSU 50,000 56.52 February 24, 2016 PSU 140,000 38.99 February 24, 2016 RSU 50,000 38.99 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 recognize expense related to RSUs and PSUs based on the fair market value, as determined on the date of award, ratably over the vesting period, provided the performance condition, if any, is probable.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following (U.S. dollars in millions): June 30, December 30, 2016 Finished goods $ 167.1 $ 199.4 Raw materials and packaging supplies 146.1 134.0 Growing crops 144.3 159.8 Total inventories $ 457.5 $ 493.2

Long-Term Debt and Capital Leas

Long-Term Debt and Capital Lease Obligations	6 Months Ended
	Jun. 30, 2017
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 30, December 30, Senior unsecured revolving credit facility (see Credit Facility below) $ 225.0 $ 230.5 Capital lease obligations 1.5 1.8 Total long-term debt and capital lease obligations 226.5 232.3 Less: Current portion (0.5 ) (0.6 ) Long-term debt and capital lease obligations $ 226.0 $ 231.7 11 . 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. Debt issuance costs of $1.0 million are included in other noncurrent assets on our Consolidated Balance Sheets. We have 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 30, 2017 (U.S. dollars in millions): Term Maturity Interest rate Borrowing Available Bank of America credit facility 5 years April 15, 2020 2.29% $ 800.0 $ 575.0 Rabobank letter of credit facility 364 days June 21, 2018 Varies 25.0 15.4 Other working capital facilities Varies Varies Varies 22.2 11.1 $ 847.2 $ 601.5 The current margin for LIBOR advances is 1.00% . 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 30, 2017 , 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 a fee on unused commitments. As of June 30, 2017 , we applied $9.6 million to the 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 $18.2 million in other letters of credit and bank guarantees not included in the Rabobank or Bank of America letter of credit facilities.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
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, 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. Two additional DBCP-related lawsuit were filed in Costa Rica in 2015, as to which the Company has not yet been served. 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 229 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 and appealed to the United States Court of Appeals for the Third Circuit. 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 remaining plaintiffs based on the September 19, 2013 affirmance by the United States Court of Appeals for the Fifth Circuit of the dismissal on statute of limitations grounds 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 on statute of limitations grounds as to all remaining 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 expressly limited the appeal to the claims of 57 (out of the more than 2,600 ) plaintiffs who had not previously filed claims in Louisiana. On August 11, 2015, a panel of the Court of Appeals affirmed the dismissal of the claims of these plaintiffs. Plaintiffs filed a Motion for Rehearing en Banc with the Third Circuit, which was granted on September 22, 2015. On September 2, 2016, the Third Circuit en banc reversed the District Court’s dismissal on first-filed doctrine grounds of the claims of approximately 229 of the plaintiffs and remanded the case back to the District Court for further proceedings. The United States Court of Appeals for the Third Circuit has canceled the hearing previously scheduled for March 9, 2017 to hear oral argument in the appeal from the grant of summary judgment to defendants on the statute of limitations issue and has advised the parties that its decision on the appeal, which remains pending, will be issued on the basis of the written pleadings filed by the parties. On June 2, 2017, the Third Circuit issued a Petition for Certification of State Law to the Delaware Supreme Court to resolve the complex procedural question pending on appeal regarding the applicability of the first-filed doctrine for tolling the statute of limitations on class actions claims. The Delaware Supreme Court has accepted certification of the pending question of law. 12 . Commitments and Contingencies (continued) 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. On October 21, 2015, the Hawaii Supreme Court reversed the Hawaii Court of Appeals and the Hawaii state trial court’s grant of partial summary judgment against the DBCP plaintiffs on statute of limitations grounds. The Hawaii Supreme Court remanded the claims of six remaining plaintiffs back to the Hawaii state trial court for further proceedings. 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. 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 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 . We increased the liability by $0.4 million during 2016 and reduced the liability by $0.8 million during 2015 due to changes to the remediation work being performed. The estimates are between $13.7 million and $28.7 million . The estimate on which our accrual is based, totals $13.6 million . As of June 30, 2017 , there are $13.2 million included in other noncurrent liabilities and $0.4 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 $0.4 million each year in 2017 and 2018, $1.1 million in 2019, $1.0 million in 2020 and $0.9 million in 2021. 12 . Commitments and Contingencies (continued) 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. 30, 2017
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 30, July 1, June 30, July 1, Numerator: Net income attributable to Fresh Del Monte Produce Inc. $ 69.2 $ 96.2 $ 115.6 $ 177.9 Denominator: Weighted average number of ordinary shares - Basic 50,572,056 51,164,438 50,895,738 51,396,505 Effect of dilutive securities - Share based employee options and awards 360,309 535,907 404,959 471,950 Weighted average number of ordinary shares - Diluted 50,932,365 51,700,345 51,300,697 51,868,455 Antidilutive awards (1) 96,526 140,734 96,526 140,734 Net income per ordinary share attributable to Fresh Del Monte Produce Inc.: Basic $ 1.37 $ 1.88 $ 2.27 $ 3.46 Diluted $ 1.36 $ 1.86 $ 2.25 $ 3.43 (1) Certain unvested PSUs are not included in the calculation of net income per ordinary share because the effect would have been antidilutive. Refer to Note 19 , “ 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. 30, 2017
Retirement Benefits [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 30, July 1, June 30, July 1, Service cost $ 1.4 $ 1.3 $ 2.8 $ 2.6 Interest cost 1.5 1.6 3.1 3.3 Expected return on assets (0.9 ) (0.9 ) (1.7 ) (1.9 ) Amortization of net actuarial loss 0.3 0.3 0.6 0.6 Net periodic benefit costs $ 2.3 $ 2.3 $ 4.8 $ 4.6 We provide certain other retirement benefits to certain employees who are not U.S.-based not included above. Generally, benefits under these programs are based on an employee’s length of service and level of compensation. These programs are immaterial to our consolidated financial statements. The net periodic benefit costs related to other non-U.S.-based plans is $0.9 million for the quarter ended June 30, 2017 and $0.5 million for the quarter ended July 1, 2016 . The net periodic benefit costs related to other non-U.S.-based plans is $1.5 million for the six months ended June 30, 2017 and $1.1 million for six months ended July 1, 2016 .

Business Segment Data

Business Segment Data	6 Months Ended
	Jun. 30, 2017
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 and South America, Europe, 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, fresh-cut products, non-tropical fruit (including grapes, apples, pears, peaches, plums, nectarines, citrus, kiwis and blueberries), avocados, melons, tomatoes, 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 30, 2017 July 1, 2016 Net Sales Gross Profit Net Sales Gross Profit Banana $ 499.5 $ 58.1 $ 497.4 $ 66.5 Other fresh produce 568.1 55.0 496.8 59.9 Prepared food 79.5 10.1 94.4 19.0 Totals $ 1,147.1 $ 123.2 $ 1,088.6 $ 145.4 Six months ended June 30, 2017 July 1, 2016 Net Sales Gross Profit Net Sales Gross Profit Banana $ 944.6 $ 93.1 $ 956.0 $ 115.4 Other fresh produce 1,074.3 103.4 977.7 136.9 Prepared food 160.6 25.8 173.0 33.8 Totals $ 2,179.5 $ 222.3 $ 2,106.7 $ 286.1

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2017
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 non-current assets, accounts payable and accrued expenses or other non-current 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 for the purpose of hedging portions of our 2017 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 30, 2017 and July 1, 2016 . 16 . Derivative Financial Instruments (continued) We had the following outstanding foreign currency forward contracts as of June 30, 2017 (in millions): Foreign currency contracts qualifying as cash flow hedges: Notional amount Euro EUR 59.6 British pound GBP 3.1 Japanese yen JPY 1,496.5 Korean Won KRW 10,635.8 The following table reflects the fair values of derivative instruments, all of which are designated as Level 2 in the fair value hierarchy, as of June 30, 2017 and December 30, 2016 (U.S. dollars in millions): Derivatives designated as hedging instruments (1) Foreign exchange contracts Balance Sheet location: June 30, 2017 (2) December 30, 2016 Asset derivatives: Prepaid expenses and other current assets $ 0.6 $ 5.4 Total asset derivatives $ 0.6 $ 5.4 Liability derivatives: Accounts payable and accrued expenses $ 1.6 $ — Total liability derivatives $ 1.6 $ — (1) See Note 17 , " Fair Value Measurements ", for fair value disclosures. (2) We expect that $1.0 million of the net fair value of hedges recognized as a loss in accumulated other comprehensive income ("AOCI") will be transferred to earnings during the next 12 months, along with the earnings effect of the related forecasted transactions. 16 . Derivative Financial Instruments (continued) The following table reflects the effect of derivative instruments on the Consolidated Statements of Income for the quarters and six months ended June 30, 2017 and July 1, 2016 (U.S. dollars in millions): Derivatives in effective cash flow hedging relationships Amount of (loss) gain recognized in other Location of gain Amount of gain reclassified from Quarter ended Quarter ended June 30, July 1, June 30, July 1, Foreign exchange contracts $ (4.1 ) $ 0.6 Net sales $ 0.5 $ 0.8 Foreign exchange contracts 0.3 (0.3 ) Cost of products sold 0.1 0.1 Total $ (3.8 ) $ 0.3 $ 0.6 $ 0.9 Six months ended Six months ended June 30, July 1, June 30, July 1, Foreign exchange contracts $ (5.9 ) $ (10.0 ) Net sales $ 1.6 $ 2.7 Foreign exchange contracts (0.5 ) 0.4 Cost of products sold 0.3 0.1 Total $ (6.4 ) $ (9.6 ) $ 1.9 $ 2.8

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2017
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. Derivative Instruments We may choose to mitigate the risk of fluctuations in currency exchange rates on our results of operations and financial condition by entering into foreign currency cash flow hedges. We account for the fair value of the related forward contracts as prepaid expenses and other current assets, other non-current assets, accounts payable and accrued expenses or other non-current liabilities. We use an income approach to value our outstanding foreign currency 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, 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. 17 . Fair Value Measurements (continued) 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 (liability) asset June 30, December 30, Quoted prices in active markets for identical assets (Level 1) $ — $ — Significant observable inputs (Level 2) (1.0 ) 5.4 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 reported in the Consolidated Balance Sheets for these items approximates fair value due to their liquid nature and are classified as Level 1. Trade accounts receivable and other accounts receivable, net: The carrying value reported in the Consolidated Balance Sheets for these items is net of allowances, which includes a degree of counterparty non-performance risk and are classified as Level 2. 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 standing as ours and are classified as Level 2. 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 11 , “ 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 11 , “ Long-Term Debt and Capital Lease Obligations ”. 17 . Fair Value Measurements (continued) Fair Value of Non-Financial Assets The Company recorded asset impairment and other charges during the quarter and six months ended June 30, 2017, that do not fall under the scope of fair value measurement. Refer to Note 3 , "Asset Impairment and Other Credits, Net" . The following is a tabular presentation of the non-recurring fair value measurements recorded during the second quarter of 2016, along with the level within the fair value hierarchy in which the fair value measurement in their entirety fall (U.S. dollars in millions): Fair value measurements for the six months ended July 1, 2016 Total Quoted Prices in Significant Other Significant Underutilized assets in Central America $ 1.0 $ — $ — $ 1.0 Philippines plantation conversion to pineapple 0.3 — — 0.3 $ 1.3 $ — $ — $ 1.3 During the second quarter of 2016, the Company recognized $ 0.6 million in asset impairment and other charges, net related to certain underutilized assets in Central America. The asset impairment consisted of a write-down of $ 0.6 million related to assets with a carrying value of $ 1.6 million . We estimated the fair value of these assets of $ 1.0 million using the market approach. The fair value of these assets are classified as Level 3 in the fair value hierarchy due to the mix of unobservable inputs utilized. During the second quarter of 2016, we also recognized $ 2.5 million in asset impairment and other charges, net as a result of our decision to convert a banana plantation in the Philippines to a pineapple plantation during the next three years. The asset impairment consisted of a write-down of $ 2.5 million related to the plantation with a carrying value of $ 2.8 million . The plantation was written down to a fair value of $ 0.3 million . We estimated the fair value of this asset using an income based approach, whereby our cash flows were adjusted for a market premium risk. The fair value of the plantation of $ 0.3 million is classified as Level 3 in the fair value hierarchy due to the mix of unobservable inputs utilized. The fair value of the banana reporting unit's goodwill and the prepared food unit's remaining trade names and trademarks are highly sensitive to differences between 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 banana reporting unit's goodwill and the prepared food reporting unit's trade names and trademarks in our notes to the consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 30, 2016 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive (Loss) Income	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Accumulated Other Comprehensive (Loss) Income	Accumulated Other Comprehensive (Loss) Income The following table includes the changes in accumulated other comprehensive (loss) income attributable to U.S. by component under the ASC on “ Comprehensive Income ” (U.S. dollars in millions): Changes in accumulated other comprehensive (loss) income by component (1) Six months ended June 30, 2017 Changes in fair value of effective cash flow hedges Foreign currency translation adjustment Retirement benefit adjustment Total Balance at December 30, 2016 $ 5.4 $ (25.4 ) $ (24.2 ) $ (44.2 ) Other comprehensive (loss) income before reclassifications (4.5 ) 11.1 (2) (0.3 ) 6.3 Amounts reclassified from accumulated other comprehensive (loss) income (1.9 ) — 0.6 (1.3 ) Net current period other comprehensive (loss) income (6.4 ) 11.1 0.3 5.0 Balance at June 30, 2017 $ (1.0 ) $ (14.3 ) $ (23.9 ) $ (39.2 ) Six months ended July 1, 2016 Balance at January 1, 2016 $ 11.9 $ (14.8 ) $ (20.1 ) $ (23.0 ) Other comprehensive (loss) income before reclassifications (6.8 ) 0.7 (2) (0.3 ) (6.4 ) Amounts reclassified from accumulated other comprehensive (loss) income (2.8 ) — 0.6 (2.2 ) Net current period other comprehensive (loss) income (9.6 ) 0.7 0.3 (8.6 ) Balance at July 1, 2016 $ 2.3 $ (14.1 ) $ (19.8 ) $ (31.6 ) (1) All amounts are net of tax and noncontrolling interest. (2) Includes a gain of $4.0 million for the six months ended June 30, 2017 and a gain of $5.5 million for the six months ended July 1, 2016 on intra-entity foreign currency transactions that are of a long-term-investment nature; there was less than $0.1 million loss for the six month ended June 30, 2017 and a loss of $0.3 million for the six month ended July 1, 2016 related to noncontrolling interest. 18 . Accumulated Other Comprehensive (Loss) Income (continued) The following table includes details about amounts reclassified from accumulated other comprehensive (loss) income by component (U.S. dollars in millions): Amount reclassified from accumulated other comprehensive (loss) income June 30, 2017 July 1, 2016 Details about accumulated other comprehensive (loss) income components Quarter ended Six months ended Quarter ended Six months ended Affected line item in the statement where net income is present Changes in fair value of effective cash flow hedges: Foreign currency cash flow hedges $ (0.5 ) $ (1.6 ) $ (0.8 ) $ (2.7 ) Sales Foreign currency cash flow hedges (0.1 ) (0.3 ) (0.1 ) (0.1 ) Cost of sales Total $ (0.6 ) $ (1.9 ) $ (0.9 ) $ (2.8 ) Amortization of retirement benefits: Actuarial losses $ 0.1 $ 0.2 $ 0.1 $ 0.2 Selling, general and administrative expenses Actuarial losses 0.2 0.4 0.2 0.4 Cost of sales Total $ 0.3 $ 0.6 $ 0.3 $ 0.6

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2017
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 at June 30, 2017 , and 200,000,000 ordinary shares of common stock at $0.01 par value, of which 50,104,086 are issued and outstanding at June 30, 2017 . Ordinary share activity is summarized as follows: Six months ended June 30, July 1, Ordinary shares issued (retired) as a result of: Stock option exercises 6,500 163,467 Restricted stock grants 14,294 22,946 Restricted and performance stock units 137,287 177,054 Ordinary shares repurchased and retired (1,310,900 ) (1,672,535 ) 19 . Shareholders’ Equity (continued) On July 29, 2015, our Board of Directors approved a three -year stock repurchase program of up to $300 million of our ordinary shares. We have repurchased $169.9 million of ordinary shares, or 4,518,091 ordinary shares, under the aforementioned repurchase programs and retired all the repurchased shares. We have a maximum dollar amount value of $130.1 million of shares that we can purchase under the stock repurchase program approved on July 29, 2015. Subsequent to the quarter ended June 30, 2017 , no ordinary shares were repurchased. Dividend activity is summarized as follows: Six months ended June 30, 2017 July 1, 2016 Dividend Date Cash Dividend Declared, per Ordinary Share Dividend Date Cash Dividend Declared, per Ordinary Share June 2, 2017 $ 0.150 June 3, 2016 $ 0.125 March 31, 2017 $ 0.150 April 1, 2016 $ 0.125 We paid $15.2 million in dividends in the six months ended June 30, 2017 and $12.7 million in dividends in the six months ended July 1, 2016 .

Recently Issued Accounting Pr26

Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements New Accounting Pronouncements Adopted In March 2016, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU"), Improvements to Employee Share-Based Payment Accounting , which simplified several areas of accounting for share-based compensation arrangements, including the income tax impact, classification on the statement of cash flows and forfeitures. The new standard requires excess tax benefits or deficiencies for share-based payments to be recognized as income tax benefit or expense, rather than within additional paid-in capital, when the awards vest or are settled. Furthermore, cash flows related to excess tax benefits are required to be classified as operating activities in the statement of cash flows rather than financing activities. We have elected to adopt the cash flow presentation of excess tax benefits retrospectively and have adjusted our Consolidated Statement of Cash Flows by $0.2 million for the six months ended July 1, 2016 . We adopted these amendments effective December 31, 2016 , the first day of our fiscal 2017 year. We have elected to account for forfeitures of stock-based awards as they occur and have adopted on a modified retrospective basis, as such, we recorded a cumulative effect adjustment of $0.2 million (pre-tax) to reduce retained earnings and increase additional paid-in capital as of December 31, 2016, the first day of our fiscal 2017 year. 2 . Recently Issued Accounting Pronouncements (continued) The new standard also requires the presentation of cash paid to taxing authorities at settlement arising from the withholding of shares from employees be classified as a financing activity on the statement of cash flows. We adopted these amendments, effective December 31, 2016, the first day of our fiscal 2017 year, on a retrospective basis and included $0.3 million related to stock-based awards settled in cash for taxes in financing activities in our Consolidated Statements of Cash Flows for the six months ended July 1, 2016 . In July 2015, the FASB issued an ASU, Simplifying the Measurement of Inventory . The core principal of the guidance is that an entity should measure inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. This guidance does not apply to inventory that is being measured using the Last-In, First-Out (LIFO) or the retail inventory method. The Company adopted this guidance on December 31, 2016 , the first day of our fiscal 2017 year, and determined there were no changes to disclosure, financial statement presentation, or valuation of inventory as a result of adoption. New Accounting Pronouncements Not Yet Adopted In May 2017, the FASB issued an ASU, Stock Compensation (Topic 718), Scope of Modification Accounting . This ASU clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The guidance clarifies that modification accounting will be applied if the value, vesting conditions or classification of the award changes. This ASU will be effective for us beginning the first day of our 2018 fiscal year. We expect this award to impact modifications meeting the clarified criteria prospectively beginning in 2018. In March 2017, the FASB issued an ASU, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. This ASU requires that the service cost component of net periodic benefit costs from defined benefit and other postretirement benefit plans be included in the same Consolidated Statements of Income captions as other compensation costs arising from services rendered by the covered employees during the period. The other components of net benefit cost will be presented in the Consolidated Statements of Income separately from service costs. Following adoption, only service costs will be eligible for capitalization into manufactured inventories, which should reduce diversity in practice. This ASU will be effective for us beginning the first day of our 2018 fiscal year. As this ASU only affects presentation and disclosure, we do not anticipate a significant impact of adoption on our financial condition, results of operations and cash flows. In February 2017, the FASB issued an ASU, Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets: Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets, which clarifies the scope of asset derecognition and adds further guidance for recognizing gains and losses from the transfer of nonfinancial assets in contracts with non-customers. This ASU will be effective for us beginning the first day of our 2018 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, results of operations and cash flows, and, as such, we are not able to estimate the effect the adoption of the new standard will have on our financial statements. In January 2017, the FASB issued an ASU, Business Combinations: Clarifying the Definition of a Business, which adds guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. This ASU will be effective for us beginning the first day of our 2018 fiscal year. Early adoption is permitted. We do not expect this ASU to have an impact until a valid transaction takes place. In January 2017, the FASB issued an ASU, Simplifying the Test for Goodwill Impairment, which removes the requirement to compare the implied fair value of goodwill with its carrying amount as part of step 2 of the goodwill impairment test. The ASU permits an entity to perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. This ASU will be effective for us beginning the first day of our 2020 fiscal year. Early adoption is permitted. We are evaluating whether to early adopt. After adoption, we do not expect this ASU to have an impact until a valid transaction takes place. In October 2016, the FASB issued an ASU, Intra-Entity Transfers of Assets Other Than Inventory , which will require companies to recognize the income tax effects of intra-entity sales and transfers of assets other than inventory, particularly those asset transfers involving intellectual property, in the period in which the transfer occurs. The ASU will be effective for us beginning the first day of our 2018 fiscal year. 2 . Recently Issued Accounting Pronouncements (continued) The guidance requires modified retrospective adoption. We are evaluating the impact of adoption of this ASU on our financial condition, results of operations and cash flows, and, as such, we are not able to estimate the effect the adoption of the new standard will have on our financial statements. In August 2016, the FASB issued an ASU, Classification of Certain Cash Receipts and Cash Payments , which addresses eight specific cash flow issues in an effort to reduce diversity in practice. This ASU will be effective for us beginning the first day of our 2018 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our cash flows, and as such, we are not able to estimate the effect that the adoption of this ASU will have on reclassifications within our Consolidated Statement of Cash Flows. In June 2016, the FASB issued an ASU, Financial Instruments - Measurement of Credit Losses on Financial Instruments, which requires measurement and recognition of expected credit losses for financial assets held. Entities will be required to use a new forward-looking “expected loss” model that results in the earlier recognition of allowances for losses on trade and other receivables. Additionally, entities will need to disclose significantly more information they use to track credit quality by year of origination for most financing receivables. This ASU will be effective for us beginning the first day of our 2020 fiscal year. Early adoption is permitted beginning the first day of our 2019 fiscal year. We are evaluating the impact of adoption of this ASU on our financial condition, results of operations and cash flows, and, as such, we are not able to estimate the effect the adoption of the new standard will have on our financial statements. In February 2016, the FASB issued an ASU, Leases , which requires a dual approach for lessee accounting under which a lessee would account for leases as finance leases or operating leases. Both finance leases and operating leases may result in the lessee recognizing a right-of use asset and a corresponding lease liability. For finance leases, the lessee would recognize interest expense and amortization of the right-of-use asset, and for operating leases, the lessee would recognize a straight-line total lease expense. The guidance also requires qualitative and specific quantitative disclosures to supplement the amounts recorded in the financial statements so that users can understand more about the nature of an entity’s leasing activities, including significant judgments and changes in judgments. This ASU will be effective for us beginning the first day of our 2019 fiscal year. Early adoption is permitted. We are evaluating the impact of adoption of this ASU on our financial condition, results of operations and cash flows, and, as such, we are not able to estimate the effect the adoption of the new standard will have on our financial statements. In May 2014, the FASB issued an ASU, Revenue From Contracts with Customer s, and has subsequently issued several supplemental and/or clarifying ASUs (collectively, "ASC 606"), which prescribes a comprehensive new revenue recognition standard that will supersede existing revenue guidance. The core principle is that a company will recognize revenue when it transfers promised goods or services to customers for 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. ASC 606 will be effective for us beginning the first day of our 2018 fiscal year. Early adoption is permitted. We have commenced our implementation analysis including contract review under the ASC 606 framework and identification of revenue streams. Our analysis includes reviewing current accounting policies and practices to identify potential differences that would result from applying the requirements under this new standard. The Company has reviewed a sample of contracts with its customers that the Company believes is representative of its revenue streams and continues to review additional contracts with its customers during 2017, including any additional revenue streams identified. ASC 606 requires increased disclosure which in turn is expected to require certain new processes. The impact of adoption of ASC 606 on our financial condition, results of operations, cash flows and disclosures, is ongoing, and, as such, we are not able to reasonably estimate the effect that the adoption of the new standard will have on our financial statements. The standard permits the use of either the retrospective or modified retrospective transition method. We will adopt the new standard using the modified retrospective transition method, under which the cumulative effect of initially applying the new guidance is recognized as an adjustment to the opening balance of retained earnings on the first day of our 2018 fiscal year.

Asset Impairment and Other Ch27

Asset Impairment and Other Charges, Net (Tables)	6 Months Ended
	Jun. 30, 2017
Asset Impairment and Other Charges, Net [Abstract]
Summary of asset impairment and exit activity and other charges (credits)	The following represents a summary of asset impairment and other charges, net recorded during the quarters and six months ended June 30, 2017 and July 1, 2016 (U.S. dollars in millions): Quarter ended Six months ended June 30, 2017 June 30, 2017 Long-lived Long-lived Other Total Banana segment: Philippines floods $ 0.5 $ 0.8 $ — $ 0.8 Chile floods 0.8 0.8 — 0.8 Underutilized assets in Central America 0.6 0.6 — 0.6 Other fresh produce segment: Chile insurance proceeds on floods — — (2.2 ) (2.2 ) Total asset impairment and other charges (credits), net $ 1.9 $ 2.2 $ (2.2 ) $ — Quarter ended Six months ended July 1, 2016 July 1, 2016 Long-lived Long-lived Other Total Banana segment: Philippines plantation conversion to pineapple $ 2.5 $ 2.5 $ — $ 2.5 Underutilized assets in Central America 0.6 0.6 — 0.6 Total asset impairment and other charges $ 3.1 $ 3.1 $ — $ 3.1
Rollforward of exit activity and other reserves	The following is a rollforward of 2017 exit activity and other reserves (U.S. dollars in millions): Exit activity and Cash paid Foreign exchange impact Exit activity and Contract termination and other exit activity charges $ 1.0 $ (0.3 ) $ (0.1 ) $ 0.6 $ 1.0 $ (0.3 ) $ (0.1 ) $ 0.6

Noncontrolling interests (Table

Noncontrolling interests (Tables)	6 Months Ended
	Jun. 30, 2017
Noncontrolling Interest [Abstract]
Reconciliation of 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 30, July 1, Noncontrolling interests, beginning $ 24.6 $ 42.9 Purchase of noncontrolling interest (1) — (19.5 ) Net (loss) income attributable to noncontrolling interests (0.2 ) 1.0 Translation adjustments — 0.3 Retirement benefit adjustment — (0.1 ) Capital contributions from, net of dividends 0.4 — Noncontrolling interests, ending $ 24.8 $ 24.6 (1) We purchased the remaining interest of this Variable Interest Entity ("VIE") for $45.0 million on April 28, 2016. We recorded a charge of $25.5 million to equity as a result of the difference between the fair value of the consideration of $45.0 million less the $19.5 million carrying value of the noncontrolling interest. Refer to Note 6 , “ Variable interest Entitie s”, for disclosures related to the purchase of the remaining interest in our VIE.

Financing Receivables (Tables)

Financing Receivables (Tables)	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Financing receivables including the related allowance for doubtful accounts	The following table details financing receivables including the related allowance for advances to independent growers and suppliers including their credit risk profile (U.S. dollars in millions): June 30, 2017 December 30, 2016 Short-term Long-term Short-term Long-term Gross advances to independent growers and suppliers $ 26.3 $ 1.7 $ 35.8 $ 0.2 Allowance for advances to independent growers and suppliers (past due) (2.5 ) (0.1 ) (1.5 ) — Net advances to independent growers and suppliers $ 23.8 $ 1.6 $ 34.3 $ 0.2
Allowance for doubtful accounts and related financing receivables	The allowance for advances to independent growers and suppliers and the related financing receivables for the quarters and six months ended June 30, 2017 and July 1, 2016 were as follows (U.S. dollars in millions): Quarter ended Six months ended June 30, 2017 July 1, June 30, July 1, Allowance for advances to independent growers and suppliers: Balance, beginning of period $ 1.5 $ 2.1 $ 1.5 $ 2.1 Provision for uncollectible amounts 1.1 — 1.1 — Deductions to allowance related to write-offs — (0.5 ) — (0.5 ) Balance, end of period $ 2.6 $ 1.6 $ 2.6 $ 1.6

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
Share-based Compensation [Abstract]
Stock-based compensation expense included in selling, general and administrative expenses	Stock-based compensation expense related to stock options, restricted stock awards ("RSAs"), restricted stock units ("RSUs") and performance stock units ("PSUs") is included in selling, general and administrative expenses in the accompanying Consolidated Statements of Income and is comprised as follows (U.S. dollars in millions): Quarter ended Six months ended June 30, July 1, June 30, July 1, Stock options $ 0.2 $ 0.6 $ 0.3 $ 1.3 RSUs/PSUs 2.7 2.6 5.3 5.7 RSAs — — 0.9 0.9 Total $ 2.9 $ 3.2 $ 6.5 $ 7.9
Restricted stock awards and related compensation expense	The following table lists RSAs awarded under the 2014 plan for the six months ended June 30, 2017 and July 1, 2016 : Date of award Shares of Price per share January 3, 2017 14,294 $ 61.21 January 4, 2016 22,946 38.13
RSU and PSUs awarded	The following table lists the various RSUs and PSUs awarded under the 2014 Plan for the six months ended June 30, 2017 and July 1, 2016 (U.S. dollars in millions, except share and per share data): Date of award Type of award Units awarded Price per share February 22, 2017 PSU 100,000 $ 56.52 February 22, 2017 RSU 50,000 56.52 February 24, 2016 PSU 140,000 38.99 February 24, 2016 RSU 50,000 38.99

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2017
Inventory Disclosure [Abstract]
Schedule of inventory	Inventories consisted of the following (U.S. dollars in millions): June 30, December 30, 2016 Finished goods $ 167.1 $ 199.4 Raw materials and packaging supplies 146.1 134.0 Growing crops 144.3 159.8 Total inventories $ 457.5 $ 493.2

Long-Term Debt and Capital Le32

Long-Term Debt and Capital Lease Obligations (Tables)	6 Months Ended
	Jun. 30, 2017
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 30, December 30, Senior unsecured revolving credit facility (see Credit Facility below) $ 225.0 $ 230.5 Capital lease obligations 1.5 1.8 Total long-term debt and capital lease obligations 226.5 232.3 Less: Current portion (0.5 ) (0.6 ) Long-term debt and capital lease obligations $ 226.0 $ 231.7
Material terms of the credit facility and other working capital facilities	The following is a summary of the material terms of the Credit Facility and other working capital facilities at June 30, 2017 (U.S. dollars in millions): Term Maturity Interest rate Borrowing Available Bank of America credit facility 5 years April 15, 2020 2.29% $ 800.0 $ 575.0 Rabobank letter of credit facility 364 days June 21, 2018 Varies 25.0 15.4 Other working capital facilities Varies Varies Varies 22.2 11.1 $ 847.2 $ 601.5

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2017
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 30, July 1, June 30, July 1, Numerator: Net income attributable to Fresh Del Monte Produce Inc. $ 69.2 $ 96.2 $ 115.6 $ 177.9 Denominator: Weighted average number of ordinary shares - Basic 50,572,056 51,164,438 50,895,738 51,396,505 Effect of dilutive securities - Share based employee options and awards 360,309 535,907 404,959 471,950 Weighted average number of ordinary shares - Diluted 50,932,365 51,700,345 51,300,697 51,868,455 Antidilutive awards (1) 96,526 140,734 96,526 140,734 Net income per ordinary share attributable to Fresh Del Monte Produce Inc.: Basic $ 1.37 $ 1.88 $ 2.27 $ 3.46 Diluted $ 1.36 $ 1.86 $ 2.25 $ 3.43 (1) Certain unvested PSUs are not included in the calculation of net income per ordinary share because the effect would have been antidilutive.

Retirement and Other Employee34

Retirement and Other Employee Benefits (Tables)	6 Months Ended
	Jun. 30, 2017
Retirement Benefits [Abstract]
Net periodic benefit costs of pension plans and post-retirement 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 30, July 1, June 30, July 1, Service cost $ 1.4 $ 1.3 $ 2.8 $ 2.6 Interest cost 1.5 1.6 3.1 3.3 Expected return on assets (0.9 ) (0.9 ) (1.7 ) (1.9 ) Amortization of net actuarial loss 0.3 0.3 0.6 0.6 Net periodic benefit costs $ 2.3 $ 2.3 $ 4.8 $ 4.6

Business Segment Data (Tables)

Business Segment Data (Tables)	6 Months Ended
	Jun. 30, 2017
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 30, 2017 July 1, 2016 Net Sales Gross Profit Net Sales Gross Profit Banana $ 499.5 $ 58.1 $ 497.4 $ 66.5 Other fresh produce 568.1 55.0 496.8 59.9 Prepared food 79.5 10.1 94.4 19.0 Totals $ 1,147.1 $ 123.2 $ 1,088.6 $ 145.4 Six months ended June 30, 2017 July 1, 2016 Net Sales Gross Profit Net Sales Gross Profit Banana $ 944.6 $ 93.1 $ 956.0 $ 115.4 Other fresh produce 1,074.3 103.4 977.7 136.9 Prepared food 160.6 25.8 173.0 33.8 Totals $ 2,179.5 $ 222.3 $ 2,106.7 $ 286.1

Derivative Financial Instrume36

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding foreign currency forward contracts	We had the following outstanding foreign currency forward contracts as of June 30, 2017 (in millions): Foreign currency contracts qualifying as cash flow hedges: Notional amount Euro EUR 59.6 British pound GBP 3.1 Japanese yen JPY 1,496.5 Korean Won KRW 10,635.8
Fair values of derivative instruments	The following table reflects the fair values of derivative instruments, all of which are designated as Level 2 in the fair value hierarchy, as of June 30, 2017 and December 30, 2016 (U.S. dollars in millions): Derivatives designated as hedging instruments (1) Foreign exchange contracts Balance Sheet location: June 30, 2017 (2) December 30, 2016 Asset derivatives: Prepaid expenses and other current assets $ 0.6 $ 5.4 Total asset derivatives $ 0.6 $ 5.4 Liability derivatives: Accounts payable and accrued expenses $ 1.6 $ — Total liability derivatives $ 1.6 $ — (1) See Note 17 , " Fair Value Measurements ", for fair value disclosures. (2) We expect that $1.0 million of the net fair value of hedges recognized as a loss in accumulated other comprehensive income ("AOCI") will be transferred to earnings during the next 12 months, along with the earnings effect of the related forecasted transactions.
Effect of derivative instruments on Consolidated Statements of Income	The following table reflects the effect of derivative instruments on the Consolidated Statements of Income for the quarters and six months ended June 30, 2017 and July 1, 2016 (U.S. dollars in millions): Derivatives in effective cash flow hedging relationships Amount of (loss) gain recognized in other Location of gain Amount of gain reclassified from Quarter ended Quarter ended June 30, July 1, June 30, July 1, Foreign exchange contracts $ (4.1 ) $ 0.6 Net sales $ 0.5 $ 0.8 Foreign exchange contracts 0.3 (0.3 ) Cost of products sold 0.1 0.1 Total $ (3.8 ) $ 0.3 $ 0.6 $ 0.9 Six months ended Six months ended June 30, July 1, June 30, July 1, Foreign exchange contracts $ (5.9 ) $ (10.0 ) Net sales $ 1.6 $ 2.7 Foreign exchange contracts (0.5 ) 0.4 Cost of products sold 0.3 0.1 Total $ (6.4 ) $ (9.6 ) $ 1.9 $ 2.8

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Summary of 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 (liability) asset June 30, December 30, Quoted prices in active markets for identical assets (Level 1) $ — $ — Significant observable inputs (Level 2) (1.0 ) 5.4 Significant unobservable inputs (Level 3) — —
Schedule of non-recurring fair value measurements	The following is a tabular presentation of the non-recurring fair value measurements recorded during the second quarter of 2016, along with the level within the fair value hierarchy in which the fair value measurement in their entirety fall (U.S. dollars in millions): Fair value measurements for the six months ended July 1, 2016 Total Quoted Prices in Significant Other Significant Underutilized assets in Central America $ 1.0 $ — $ — $ 1.0 Philippines plantation conversion to pineapple 0.3 — — 0.3 $ 1.3 $ — $ — $ 1.3

Accumulated Other Comprehensi38

Accumulated Other Comprehensive (Loss) Income (Tables)	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Schedule of accumulated other comprehensive income (loss)	The following table includes the changes in accumulated other comprehensive (loss) income attributable to U.S. by component under the ASC on “ Comprehensive Income ” (U.S. dollars in millions): Changes in accumulated other comprehensive (loss) income by component (1) Six months ended June 30, 2017 Changes in fair value of effective cash flow hedges Foreign currency translation adjustment Retirement benefit adjustment Total Balance at December 30, 2016 $ 5.4 $ (25.4 ) $ (24.2 ) $ (44.2 ) Other comprehensive (loss) income before reclassifications (4.5 ) 11.1 (2) (0.3 ) 6.3 Amounts reclassified from accumulated other comprehensive (loss) income (1.9 ) — 0.6 (1.3 ) Net current period other comprehensive (loss) income (6.4 ) 11.1 0.3 5.0 Balance at June 30, 2017 $ (1.0 ) $ (14.3 ) $ (23.9 ) $ (39.2 ) Six months ended July 1, 2016 Balance at January 1, 2016 $ 11.9 $ (14.8 ) $ (20.1 ) $ (23.0 ) Other comprehensive (loss) income before reclassifications (6.8 ) 0.7 (2) (0.3 ) (6.4 ) Amounts reclassified from accumulated other comprehensive (loss) income (2.8 ) — 0.6 (2.2 ) Net current period other comprehensive (loss) income (9.6 ) 0.7 0.3 (8.6 ) Balance at July 1, 2016 $ 2.3 $ (14.1 ) $ (19.8 ) $ (31.6 ) (1) All amounts are net of tax and noncontrolling interest. (2) Includes a gain of $4.0 million for the six months ended June 30, 2017 and a gain of $5.5 million for the six months ended July 1, 2016 on intra-entity foreign currency transactions that are of a long-term-investment nature; there was less than $0.1 million loss for the six month ended June 30, 2017 and a loss of $0.3 million for the six month ended July 1, 2016 related to noncontrolling interest.
Amounts reclassified from accumulated other comprehensive (loss) income	The following table includes details about amounts reclassified from accumulated other comprehensive (loss) income by component (U.S. dollars in millions): Amount reclassified from accumulated other comprehensive (loss) income June 30, 2017 July 1, 2016 Details about accumulated other comprehensive (loss) income components Quarter ended Six months ended Quarter ended Six months ended Affected line item in the statement where net income is present Changes in fair value of effective cash flow hedges: Foreign currency cash flow hedges $ (0.5 ) $ (1.6 ) $ (0.8 ) $ (2.7 ) Sales Foreign currency cash flow hedges (0.1 ) (0.3 ) (0.1 ) (0.1 ) Cost of sales Total $ (0.6 ) $ (1.9 ) $ (0.9 ) $ (2.8 ) Amortization of retirement benefits: Actuarial losses $ 0.1 $ 0.2 $ 0.1 $ 0.2 Selling, general and administrative expenses Actuarial losses 0.2 0.4 0.2 0.4 Cost of sales Total $ 0.3 $ 0.6 $ 0.3 $ 0.6

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2017
Stockholders' Equity Note [Abstract]
Schedule of ordinary share activity	Ordinary share activity is summarized as follows: Six months ended June 30, July 1, Ordinary shares issued (retired) as a result of: Stock option exercises 6,500 163,467 Restricted stock grants 14,294 22,946 Restricted and performance stock units 137,287 177,054 Ordinary shares repurchased and retired (1,310,900 ) (1,672,535 )
Schedule of dividend activity	Dividend activity is summarized as follows: Six months ended June 30, 2017 July 1, 2016 Dividend Date Cash Dividend Declared, per Ordinary Share Dividend Date Cash Dividend Declared, per Ordinary Share June 2, 2017 $ 0.150 June 3, 2016 $ 0.125 March 31, 2017 $ 0.150 April 1, 2016 $ 0.125

Recently Issued Accounting Pr40

Recently Issued Accounting Pronouncements (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jul. 01, 2016	Dec. 31, 2016	Dec. 30, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Payments related to tax withholding for share-based compensation	$ 3.8	$ 0.3
Accounting Standards Update 2016-09, Excess Tax Benefit Component
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Excess tax benefits classified as operating activities	$ 0.2
Excess tax benefits reclassified from financing activities		$ 0.2
Retained Earnings | Accounting Standards Update 2016-09, Excess Tax Benefit Component
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net cumulative increase (decrease) of adjustment				$ (0.2)
Additional Paid-in Capital | Accounting Standards Update 2016-09, Excess Tax Benefit Component
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net cumulative increase (decrease) of adjustment			$ 0.2

Asset Impairment and Other Ch41

Asset Impairment and Other Charges, Net - Asset Impairment and Exit Activity Charges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jul. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment			$ 2.2	$ 3.1
Operating Segments
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	$ 1.9	$ 3.1	2.2	3.1
Other credits			(2.2)	0
Total			0	3.1
Operating Segments | Banana | Philippines
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	0.5	2.5	0.8	2.5
Other credits			0	0
Total			0.8	2.5
Operating Segments | Banana | Chile
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	0.8		0.8
Other credits			0
Total			0.8
Operating Segments | Banana | Central America
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	0.6	$ 0.6	0.6	0.6
Other credits			0	0
Total			0.6	$ 0.6
Operating Segments | Other fresh produce | Chile
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	$ 0		0
Other credits			(2.2)
Total			$ (2.2)

Asset Impairment and Other Ch42

Asset Impairment and Other Charges, Net - Exit Activity and Other Reserves (Details) $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)
Restructuring Reserve [Roll Forward]
Exit activity and other reserve balance at December 30, 2016	$ 1
Cash paid	(0.3)
Foreign exchange impact	(0.1)
Exit activity and other reserve balance at June 30, 2017	0.6
Contract Termination and Other Exit Activity Charges
Restructuring Reserve [Roll Forward]
Exit activity and other reserve balance at December 30, 2016	1
Cash paid	(0.3)
Foreign exchange impact	(0.1)
Exit activity and other reserve balance at June 30, 2017	0.6
United Kingdom | Contract Termination and Other Exit Activity Charges
Restructuring Reserve [Roll Forward]
Exit activity and other reserve balance at June 30, 2017	$ 0.6

Acquisition (Details)

Acquisition (Details) $ in Millions	1 Months Ended	6 Months Ended
	Jun. 30, 2016USD ($)a	Jun. 30, 2017USD ($)	Jul. 01, 2016USD ($)	Dec. 30, 2016USD ($)
Business Acquisition [Line Items]
Purchase price of business acquisition		$ 0	$ 7.1
Goodwill		$ 261.5		$ 260.9
Farm in Chile
Business Acquisition [Line Items]
Area of land | a	320
Purchase price of business acquisition	$ 7.1
Operating Segments | Other fresh produce | Farm in Chile
Business Acquisition [Line Items]
Goodwill	$ 0.8

Noncontrolling interests (Detai

Noncontrolling interests (Details) - USD ($) $ in Millions	Apr. 28, 2016	Jul. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interests, beginning			$ 24.6	$ 42.9
Purchase of noncontrolling interest			0	(19.5)
Net (loss) income attributable to noncontrolling interests			(0.2)	1
Translation adjustments		$ 0.3	0	0.3
Retirement benefit adjustment			0	(0.1)
Capital contributions from, net of dividends			0.4	0
Noncontrolling interests, ending		$ 24.6	$ 24.8	$ 24.6
Fresh Del Monte
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Liabilities incurred to purchase remaining interest	$ 25.5
Noncontrolling Interest
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Liabilities incurred to purchase remaining interest	19.5
Variable Interest Entity
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Consideration transferred	$ 45

Variable Interest Entities (Det

Variable Interest Entities (Details) - Variable Interest Entity $ in Millions	Apr. 28, 2016USD ($)	Jun. 30, 2017subsidiary
Variable Interest Entity [Line Items]
Variable interest entity, number of entities | subsidiary		1
Percentage of voting interests acquired	60.00%
Consideration transferred | $	$ 45

Income Taxes (Details)

Income Taxes (Details) - Foreign tax authority $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)jurisdiction
Income Taxes [Line Items]
Number of jurisdictions under examination | jurisdiction	2
Income tax examination, estimate of tax deficiencies | $	$ 125.4

Financing Receivables - Narrati

Financing Receivables - Narrative (Details) - Maximum	6 Months Ended
	Jun. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Advances to growers, maximum term	1 year
Longer Term Advances to Growers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Advances to growers, maximum term	10 years

Financing Receivables - Advance

Financing Receivables - Advances to Growers Along with the Related Allowance for Doubtful Accounts (Details) - Advances to Growers - USD ($) $ in Millions	Jun. 30, 2017	Dec. 30, 2016
Short-term
Gross advances to independent growers and suppliers	$ 26.3	$ 35.8
Allowance for advances to independent growers and suppliers (past due)	(2.5)	(1.5)
Net advances to independent growers and suppliers	23.8	34.3
Long-term
Gross advances to independent growers and suppliers	1.7	0.2
Allowance for advances to independent growers and suppliers (past due)	(0.1)	0
Net advances to independent growers and suppliers	$ 1.6	$ 0.2

Financing Receivables - Allowan

Financing Receivables - Allowance for Doubtful Accounts and Related Financing Receivables (Details) - Advances to Growers - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jul. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 1.5	$ 2.1	$ 1.5	$ 2.1
Provision for uncollectible amounts	1.1	0	1.1	0
Deductions to allowance related to write-offs	0	(0.5)	0	(0.5)
Balance, end of period	$ 2.6	$ 1.6	$ 2.6	$ 1.6

Stock-Based Compensation - Expe

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 - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jul. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 2.9	$ 3.2	$ 6.5	$ 7.9
Stock Options
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	0.2	0.6	0.3	1.3
RSUs/PSUs
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	2.7	2.6	5.3	5.7
RSAs
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 0	$ 0	$ 0.9	$ 0.9

Stock-Based Compensation - Awar

Stock-Based Compensation - Awards Granted (Details) - $ / shares	Feb. 22, 2017	Jan. 03, 2017	Feb. 24, 2016	Jan. 04, 2016
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)	100,000		140,000
Price per share (usd per share)	$ 56.52		$ 38.99
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)	50,000		50,000
Price per share (usd per share)	$ 56.52		$ 38.99
RSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)		14,294		22,946
Price per share (usd per share)		$ 61.21		$ 38.13

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jul. 01, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from stock options exercised	$ 0.1	$ 4.2
Number of options granted (shares)	0	0
Term of historical data used in estimate	5 years
2014 Omnibus Share Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, percent that vest immediately	20.00%
Options, vest in equal installments	4 years
Number of shares issued on contingent right to receive, per RSU or PSU	1
2014 Omnibus Share Incentive Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	10 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vest in equal installments	4 years
Restricted Stock Units (RSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted	100.00%
Restricted Stock Units (RSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted	0.00%
Restricted Stock Units (RSUs) | 2014 Omnibus Share Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, percent that vest immediately	20.00%
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vest in equal installments	3 years
RSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent that vest on the date of grant	50.00%
Percent that vest upon retirement	50.00%
Awards that will vest, period	6 months

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 30, 2016
Inventory Disclosure [Abstract]
Finished goods	$ 167.1	$ 199.4
Raw materials and packaging supplies	146.1	134
Growing crops	144.3	159.8
Total inventories	$ 457.5	$ 493.2

Long-Term Debt and Capital Le54

Long-Term Debt and Capital Lease Obligations - Schedule of Long-Term Debt and Capital Lease Obligations (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 30, 2016
Long-term Debt and Capital Lease Obligations [Abstract]
Senior unsecured revolving credit facility (see Credit Facility below)	$ 225	$ 230.5
Capital lease obligations	1.5	1.8
Total long-term debt and capital lease obligations	226.5	232.3
Less: Current portion	(0.5)	(0.6)
Long-term debt and capital lease obligations	$ 226	$ 231.7

Long-Term Debt and Capital Le55

Long-Term Debt and Capital Lease Obligations - Schedule of Line of Credit Facilities (Details) - USD ($)	Apr. 16, 2015	Jun. 30, 2017
Line of Credit Facility [Line Items]
Borrowing limit		$ 847,200,000
Available borrowings		601,500,000
Other Working Capital Facilities
Line of Credit Facility [Line Items]
Borrowing limit		22,200,000
Available borrowings		11,100,000
Letters of credit and bank guarantees outstanding		$ 18,200,000
Revolving Credit Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Term	5 years	5 years
Maturity date		Apr. 15, 2020
Interest rate		2.29%
Borrowing limit	$ 800,000,000	$ 800,000,000
Available borrowings		$ 575,000,000
Rabobank Nederland
Line of Credit Facility [Line Items]
Term		364 days
Expiration period	364 days
Amount outstanding	$ 25,000,000	$ 9,600,000
Maturity date		Jun. 21, 2018
Borrowing limit		$ 25,000,000
Available borrowings		$ 15,400,000
London Interbank Offered Rate (LIBOR) | Revolving Credit Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Basis spread on variable rate		1.00%
Other Noncurrent Assets | Revolving Credit Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Capitalized debt issuance costs	$ 1,000,000

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions

Sep. 02, 2016claim

Oct. 21, 2015claim

Oct. 21, 2014plaintiff

Sep. 18, 2014plaintiff

Sep. 17, 2012plaintiff

Jun. 01, 2012plaintiffclaimsubsidiary

Jan. 02, 2009plaintiffsubsidiary

Jun. 27, 2008claim

Oct. 14, 2004plaintiffsubsidiary

Sep. 25, 2003USD ($)

Sep. 27, 2002USD ($)

Sep. 28, 2001USD ($)

Jun. 30, 2017USD ($)

Dec. 30, 2016USD ($)

Jan. 01, 2016USD ($)claim

Dec. 26, 2014USD ($)

Dec. 31, 1980subsidiary

DBCP Litigation [Member]

Commitments and Contingencies Disclosure [Line Items]

Number of defendants | subsidiary

1

Number of plaintiffs | plaintiff

2,600

3,000

Claims dismissed

6

229

1,329

New claims filed | claim

8

Number of claims appealed

229

6

57

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

Commitments and Contingencies Disclosure [Line Items]

Number of defendants | subsidiary

3

2

Number of plaintiffs | plaintiff

461

2,600

Kunia Well Site [Member]

Commitments and Contingencies Disclosure [Line Items]

Number of plaintiffs | subsidiary

1

Accrual for environmental loss contingencies, period increase (decrease)

$ 7

$ 15

$ 0.4

$ (0.8)

$ (1.4)

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

$ 26.1

$ 19.1

Accrual for environmental loss contingencies, term

10 years

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

$ 13.6

Accrual for environmental loss contingencies, undiscounted, due within one year

0.4

Accrual for environmental loss contingencies, undiscounted, due in second year

0.4

Accrual for environmental loss contingencies, undiscounted, due in third year

1.1

Accrual for environmental loss contingencies, undiscounted, due in fourth year

1

Accrual for environmental loss contingencies, undiscounted, due in fifth year

$ 0.9

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

$ 13.2

Kunia Well Site [Member] | Accounts payable and accrued expenses

Commitments and Contingencies Disclosure [Line Items]

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

0.4

Kunia Well Site [Member] | Minimum

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

13.7

Kunia Well Site [Member] | Maximum

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

Costa Rica | DBCP Litigation [Member]

Commitments and Contingencies Disclosure [Line Items]

New claims filed | claim

2

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2017	Jul. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Numerator:
Net income attributable to Fresh Del Monte Produce Inc.		$ 69.2	$ 96.2	$ 115.6	$ 177.9
Denominator:
Weighted average number of ordinary shares - Basic (shares)		50,572,056	51,164,438	50,895,738	51,396,505
Effect of dilutive securities - Share based employee options and awards (shares)		360,309	535,907	404,959	471,950
Weighted average number of ordinary shares - Diluted (shares)		50,932,365	51,700,345	51,300,697	51,868,455
Antidilutive awards (shares)	[1]	96,526	140,734	96,526	140,734
Net income per ordinary share attributable to Fresh Del Monte Produce Inc.:
Basic (usd per share)		$ 1.37	$ 1.88	$ 2.27	$ 3.46
Diluted (usd per share)		$ 1.36	$ 1.86	$ 2.25	$ 3.43
[1]	Certain unvested PSUs are not included in the calculation of net income per ordinary share because the effect would have been antidilutive

Retirement and Other Employee58

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. 30, 2017	Jul. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Domestic Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1.4	$ 1.3	$ 2.8	$ 2.6
Interest cost	1.5	1.6	3.1	3.3
Expected return on assets	(0.9)	(0.9)	(1.7)	(1.9)
Amortization of net actuarial loss	0.3	0.3	0.6	0.6
Net periodic benefit costs	2.3	2.3	4.8	4.6
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit costs	$ 0.9	$ 0.5	$ 1.5	$ 1.1

Business Segment Data (Details)

Business Segment Data (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jul. 01, 2016USD ($)	Jun. 30, 2017USD ($)major_business_line	Jul. 01, 2016USD ($)
Segment Reporting Information [Line Items]
Number of major business lines | major_business_line			1
Net sales	$ 1,147.1	$ 1,088.6	$ 2,179.5	$ 2,106.7
Gross profit	123.2	145.4	222.3	286.1
Operating Segments
Segment Reporting Information [Line Items]
Net sales	1,147.1	1,088.6	2,179.5	2,106.7
Gross profit	123.2	145.4	222.3	286.1
Operating Segments | Banana
Segment Reporting Information [Line Items]
Net sales	499.5	497.4	944.6	956
Gross profit	58.1	66.5	93.1	115.4
Operating Segments | Other fresh produce
Segment Reporting Information [Line Items]
Net sales	568.1	496.8	1,074.3	977.7
Gross profit	55	59.9	103.4	136.9
Operating Segments | Prepared food
Segment Reporting Information [Line Items]
Net sales	79.5	94.4	160.6	173
Gross profit	$ 10.1	$ 19	$ 25.8	$ 33.8

Derivative Financial Instrume60

Derivative Financial Instruments - Outstanding Foreign Currency Forward Contracts that were Entered into to Hedge Forecasted Cash Flows (Details) - Jun. 30, 2017 € in Millions, ₩ in Millions, ¥ in Millions, £ in Millions	EUR (€)	GBP (£)	JPY (¥)	KRW (₩)
Foreign Exchange Contract
Derivative [Line Items]
Notional Amount	€ 59.6	£ 3.1	¥ 1,496.5	₩ 10,635.8

Derivative Financial Instrume61

Derivative Financial Instruments - Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 30, 2016
Derivatives, Fair Value [Line Items]
Foreign currency cash flow hedge gain (loss) to be reclassified during next 12 months	$ (1)
Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, net (liability) asset	0.6	$ 5.4
Total asset derivatives
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, net (liability) asset	0.6	5.4
Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, net (liability) asset	1.6	0
Total liability derivatives
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, net (liability) asset	$ 1.6	$ 0

Derivative Financial Instrume62

Derivative Financial Instruments - Effect of Derivative Instruments on the Consolidated Statements of Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jul. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (loss) gain recognized in other comprehensive income on derivatives (effective portion)	$ (3.8)	$ 0.3	$ (6.4)	$ (9.6)
Amount of gain reclassified from AOCI into income (effective portion)	0.6	0.9	1.9	2.8
Foreign Exchange Contract | Net Sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (loss) gain recognized in other comprehensive income on derivatives (effective portion)	(4.1)	0.6	(5.9)	(10)
Amount of gain reclassified from AOCI into income (effective portion)	0.5	0.8	1.6	2.7
Foreign Exchange Contract | Cost of Products Sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (loss) gain recognized in other comprehensive income on derivatives (effective portion)	0.3	(0.3)	(0.5)	0.4
Amount of gain reclassified from AOCI into income (effective portion)	$ 0.1	$ 0.1	$ 0.3	$ 0.1

Fair Value Measurements - Fair

Fair Value Measurements - Fair Values of Assets and Liabilities Measured on a Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Jun. 30, 2017	Dec. 30, 2016
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency forward contracts, net (liability) asset	$ 0	$ 0
Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency forward contracts, net (liability) asset	(1)	5.4
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency forward contracts, net (liability) asset	$ 0	$ 0

Fair Value Measurements - Nonre

Fair Value Measurements - Nonrecurring Fair Value Measurement (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jul. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment, net			$ 2.2	$ 3.1
Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		$ 1.3		1.3
Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Central America
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		1		1
Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Philippines
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		0.3		0.3
Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		0		0
Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1) | Central America
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		0		0
Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Quoted Prices in Active Markets for Identical Assets (Level 1) | Philippines
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		0		0
Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		0		0
Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Significant Observable Inputs (Level 2) | Central America
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		0		0
Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Significant Observable Inputs (Level 2) | Philippines
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		0		0
Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		1.3		1.3
Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3) | Central America
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		1		1
Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3) | Philippines
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		0.3		0.3
Operating Segments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment, net	$ 1.9	3.1	2.2	3.1
Operating Segments | Banana | Central America
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment, net	0.6	0.6	0.6	0.6
Operating Segments | Banana | Philippines
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment, net	$ 0.5	2.5	$ 0.8	2.5
Operating Segments | Banana | Fair Value Measurements Nonrecurring | Central America
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment, net		$ 0.6
Estimated period to convert plantation		3 years
Operating Segments | Banana | Fair Value Measurements Nonrecurring | Philippines
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment, net		$ 2.5
Operating Segments | Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3) | Central America
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		1		1
Operating Segments | Banana | Fair Value Measurements Nonrecurring | Estimate of Fair Value Measurement | Significant Unobservable Inputs (Level 3) | Philippines
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		0.3		0.3
Operating Segments | Banana | Fair Value Measurements Nonrecurring | Reported Value Measurement | Philippines
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		2.8		2.8
Operating Segments | Banana | Fair Value Measurements Nonrecurring | Reported Value Measurement | Significant Unobservable Inputs (Level 3) | Central America
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure		$ 1.6		$ 1.6

Accumulated Other Comprehensi65

Accumulated Other Comprehensive (Loss) Income - Changes in OCI (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss		$ 1,816.4
Accumulated other comprehensive loss		1,856.9
Gain (loss) on translation adjustments on noncontrolling interests (less than $0.1 million for the six months ended June 30, 2017)	$ 0.3	0	$ 0.3
Changes in fair value of effective cash flow hedges
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss		5.4	11.9
Other comprehensive (loss) income, before reclassifications		(4.5)	(6.8)
Amounts reclassified from accumulated other comprehensive income (loss)		(1.9)	(2.8)
Net current period other comprehensive income (loss)		(6.4)	(9.6)
Accumulated other comprehensive loss	2.3	(1)	2.3
Foreign currency translation adjustment
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss		(25.4)	(14.8)
Other comprehensive (loss) income, before reclassifications		11.1	0.7
Amounts reclassified from accumulated other comprehensive income (loss)		0	0
Net current period other comprehensive income (loss)		11.1	0.7
Accumulated other comprehensive loss	(14.1)	(14.3)	(14.1)
Foreign currency transaction and translation gain (loss)	5.5	4
Retirement benefit adjustment
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss		(24.2)	(20.1)
Other comprehensive (loss) income, before reclassifications		(0.3)	(0.3)
Amounts reclassified from accumulated other comprehensive income (loss)		0.6	0.6
Net current period other comprehensive income (loss)		0.3	0.3
Accumulated other comprehensive loss	(19.8)	(23.9)	(19.8)
Total
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated other comprehensive loss		(44.2)	(23)
Other comprehensive (loss) income, before reclassifications		6.3	(6.4)
Amounts reclassified from accumulated other comprehensive income (loss)		(1.3)	(2.2)
Net current period other comprehensive income (loss)		5	(8.6)
Accumulated other comprehensive loss	$ (31.6)	$ (39.2)	$ (31.6)

Accumulated Other Comprehensi66

Accumulated Other Comprehensive (Loss) Income - Reclassification from OCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jul. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	$ (41.9)	$ (44.5)	$ (89.8)	$ (91.6)
Cost of sales	(1,023.9)	(943.2)	(1,957.2)	(1,820.6)
Changes in fair value of effective cash flow hedges: | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Sales	(0.5)	(0.8)	(1.6)	(2.7)
Cost of sales	(0.1)	(0.1)	(0.3)	(0.1)
Total	(0.6)	(0.9)	(1.9)	(2.8)
Amortization of retirement benefits: | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling, general and administrative expenses	0.1	0.1	0.2	0.2
Cost of sales	0.2	0.2	0.4	0.4
Total	$ 0.3	$ 0.3	$ 0.6	$ 0.6

Shareholders' Equity - Ordinary

Shareholders' Equity - Ordinary Shares Activity (Details) - shares	6 Months Ended
	Jun. 30, 2017	Jul. 01, 2016
Stockholders' Equity Note [Abstract]
Stock option exercises (shares)	6,500	163,467
Restricted stock grants (shares)	14,294	22,946
Restricted and performance stock units (shares)	137,287	177,054
Ordinary shares repurchased and retired (shares)	(1,310,900)	(1,672,535)

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($)	Jul. 29, 2015	Aug. 01, 2017	Jun. 30, 2017	Jul. 01, 2016	Dec. 30, 2016
Class of Stock [Line Items]
Preferred shares, shares authorized (shares)			50,000,000		50,000,000
Preferred shares, par value (usd per share)			$ 0.01		$ 0.01
Preferred shares, issued (shares)			0		0
Preferred shares, outstanding (shares)			0		0
Ordinary shares, authorized (shares)			200,000,000		200,000,000
Ordinary shares, par value (usd per share)			$ 0.01		$ 0.01
Ordinary shares, issued (shares)			50,104,086		51,256,906
Ordinary shares, outstanding (shares)			50,104,086		51,256,906
Stock Repurchase Program:
Duration of share repurchase program	3 years
Stock repurchase program, ordinary shares authorized	$ 300,000,000
Stock repurchase program, value of ordinary shares repurchased and retired	$ 169,900,000
Stock repurchase program, ordinary shares repurchased and retired (shares)	4,518,091
Stock repurchase program, maximum remaining amount	$ 130,100,000
Payments of dividends, common stock			$ 15,200,000	$ 12,700,000
Subsequent Event
Stock Repurchase Program:
Stock repurchased during period (shares)		0

Shareholders' Equity - Dividend

Shareholders' Equity - Dividends (Details) - $ / shares	3 Months Ended				6 Months Ended
	Jun. 30, 2017	Mar. 31, 2017	Jul. 01, 2016	Apr. 01, 2016	Jun. 30, 2017	Jul. 01, 2016
Stockholders' Equity Note [Abstract]
Dividend Date	Jun. 2, 2017	Mar. 31, 2017	Jun. 3, 2016	Apr. 1, 2016
Cash Dividend Declared, per Ordinary Share (usd per share)	$ 0.150	$ 0.150	$ 0.125	$ 0.125	$ 0.30	$ 0.250