Fresh Del Monte Produce (FDP) 10-Q 28 Oct 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 25, 2020	Oct. 16, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 25, 2020
Document Transition Report	false
Entity File Number	333-07708
Entity Registrant Name	FRESH DEL MONTE PRODUCE INC
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	c/o Intertrust Corporate Services (Cayman) Limited
Entity Address, Address Line Two	190 Elgin Avenue
Entity Address, City or Town	George Town,
Entity Address, Postal Zip Code	KY1-9005
Entity Address, Country	KY
City Area Code	305
Local Phone Number	520-8400
Title of 12(b) Security	Ordinary Shares, $0.01 Par Value Per Share
Trading Symbol	FDP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (shares)		47,366,877
Entity Central Index Key	0001047340
Current Fiscal Year End Date	--01-01
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Sep. 25, 2020	Dec. 27, 2019
Current assets:
Cash and cash equivalents	$ 14	$ 33.3
Trade accounts receivable, net of allowance of $20.7 and $19.6, respectively	341.4	363.9
Allowance for Trade accounts receivable	3	3.4
Other accounts receivable, net of allowance of $3.0 and $3.4, respectively	72	75.1
Allowance for Other accounts receivable	20.7	19.6
Inventories, net	500.5	551.8
Assets held for sale	35.4	7.6
Prepaid expenses and other current assets	26.7	19.8
Total current assets	990	1,051.5
Investments in and advances to unconsolidated companies	1.9	1.9
Property, plant and equipment, net	1,398.6	1,403.2
Operating lease right-of-use assets	165.6	162.1
Goodwill	423.6	423.7
Intangible assets, net	152.3	158.2
Deferred income taxes	101.2	100.3
Other noncurrent assets	48.2	49
Total assets	3,281.4	3,349.9
Current liabilities:
Accounts payable and accrued expenses	504.7	522.2
Current maturities of debt and finance leases	0.3	0.3
Current maturities of operating leases	30.4	32.5
Income taxes and other taxes payable	13.8	7.9
Total current liabilities	549.2	562.9
Long-term debt and finance leases	510.8	586.8
Retirement benefits	100.7	98.1
Deferred income taxes	123.9	129.5
Operating leases, less current maturities	107.3	102.7
Other noncurrent liabilities	97.6	70.9
Total liabilities	1,489.5	1,550.9
Commitments and Contingencies (See note 9)
Redeemable noncontrolling interest	50.5	55.3
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; 47,366,877 and 48,014,628 issued and outstanding, respectively	0.5	0.5
Paid-in capital	531.8	531.4
Retained earnings	1,275.2	1,252.7
Accumulated other comprehensive loss	(89.4)	(65.4)
Total Fresh Del Monte Produce Inc. shareholders' equity	1,718.1	1,719.2
Noncontrolling interests	23.3	24.5
Total shareholders' equity	1,741.4	1,743.7
Total liabilities, redeemable noncontrolling interest and shareholders' equity	$ 3,281.4	$ 3,349.9
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
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)	47,366,877	48,014,628
Ordinary shares, outstanding (shares)	47,366,877	48,014,628

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019
Income Statement [Abstract]
Net sales	$ 989.7	$ 1,070.2	$ 3,200	$ 3,463.8
Cost of products sold	922.4	994	2,985.5	3,194.9
Gross profit	67.3	76.2	214.5	268.9
Selling, general and administrative expenses	44.1	51.3	142.4	150.9
Gain (loss) on disposal of property, plant and equipment, net	(0.1)	6.9	1.5	16.1
Asset impairment and other (credits) charges, net	(3.5)	4.7	(3.8)	8.5
Operating income	26.6	27.1	77.4	125.6
Interest expense	5.1	6	16.1	19.8
Interest income	0.4	0.5	0.6	0.7
Other (expense) income, net	(0.8)	(0.5)	(5.2)	7.9
Income before income taxes	21.1	21.1	56.7	114.4
Provision for income taxes	4.9	2.9	9.4	20
Net income	16.2	18.2	47.3	94.4
Less: Net (loss) income attributable to redeemable and noncontrolling interests	(1.2)	0.1	(1)	2.1
Net income attributable to Fresh Del Monte Produce Inc.	$ 17.4	$ 18.1	$ 48.3	$ 92.3
Net income per ordinary share attributable to Fresh Del Monte Produce Inc. - Basic (usd per share)	$ 0.37	$ 0.38	$ 1.01	$ 1.91
Net income per ordinary share attributable to Fresh Del Monte Produce Inc. - Diluted (usd per share)	0.37	0.38	1.01	1.90
Dividends declared per ordinary share (usd per share)	$ 0.05	$ 0.06	$ 0.20	$ 0.06
Weighted average number of ordinary shares:
Basic (shares)	47,355,918	48,069,733	47,641,712	48,383,625
Diluted (shares)	47,427,723	48,116,989	47,731,747	48,483,762

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 16.2	$ 18.2	$ 47.3	$ 94.4
Other comprehensive (loss) income:
Net unrealized gain (loss) on derivatives, net of tax	0.3	(4.5)	(26.9)	(21.3)
Net unrealized foreign currency translation gain (loss)	6.1	(6.5)	2.5	(6.8)
Net change in retirement benefit adjustment, net of tax	(0.1)	0.3	0.4	0.4
Comprehensive income	22.5	7.5	23.3	66.7
Less: Comprehensive (loss) income attributable to redeemable and noncontrolling interests	(1.2)	0.1	(1)	2.1
Comprehensive income attributable to Fresh Del Monte Produce Inc.	$ 23.7	$ 7.4	$ 24.3	$ 64.6

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019
Operating activities:
Net income	$ 47.3	$ 94.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	70.5	72.7
Amortization of debt issuance costs	0.4	0.8
Share-based compensation expense	6.2	7
Asset impairments	2.9	8
Gain on disposal of property, plant and equipment	(1.5)	(16.1)
Deferred income taxes	(2.9)	6.2
Foreign currency translation adjustment	1.6	(3.8)
Changes in operating assets and liabilities
Receivables	21.9	27.9
Inventories	46	25.6
Prepaid expenses and other current assets	(6.8)	3
Accounts payable and accrued expenses	(18)	(88.5)
Other noncurrent assets and liabilities	6.3	(7.1)
Net cash provided by operating activities	173.9	130.1
Investing activities:
Capital expenditures	(92.9)	(93.5)
Proceeds from sales of property, plant and equipment	9.8	48
Proceeds from sale of investment	0.5	0.7
Other investing activities	0.1	0
Net cash used in investing activities	(82.5)	(44.8)
Financing activities:
Proceeds from debt	543.9	684.8
Payments on debt	(618)	(757.3)
Distributions to noncontrolling interests, net	(6.3)	(2.4)
Proceeds from stock options exercised	0	1.1
Share-based awards settled in cash for taxes	0.6	1.7
Dividends paid	(9.6)	(2.9)
Repurchase and retirement of ordinary shares	(20.8)	(17.9)
Net cash used in financing activities	(111.4)	(96.3)
Effect of exchange rate changes on cash	0.7	6
Net decrease in cash and cash equivalents	(19.3)	(5)
Cash and cash equivalents, beginning	33.3	21.3
Cash and cash equivalents, ending	14	16.3
Supplemental cash flow information:
Cash paid for interest	15.6	18.4
Cash paid for income taxes	8.3	8.6
Non-cash financing and investing activities:
Right-of-use assets obtained in exchange for new operating lease obligations	34.2	28.6
Retirement of ordinary shares	20.8	17.9
Dividends on restricted stock units	0.4	0.3
Gain on Sale of Investments	$ 0	$ 0.6

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Unaudited) - USD ($) $ in Millions	Total	Redeemable Noncontrolling Interest	Ordinary Shares	Paid-in Capital	Retained Earnings	Retained EarningsCumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Fresh Del Monte Produce Inc. Shareholders' Equity	Fresh Del Monte Produce Inc. Shareholders' EquityCumulative Effect, Period of Adoption, Adjustment	Noncontrolling Interests	Total Shareholders' Equity	Total Shareholders' EquityCumulative Effect, Period of Adoption, Adjustment
Balance, shares (shares) at Dec. 28, 2018			48,442,296
Balance, value at Dec. 28, 2018		$ 51.8	$ 0.5	$ 527.1	$ 1,206	$ (3)	$ (41.6)	$ 1,692	$ (3)	$ 25.8	$ 1,717.8	$ (3)
Exercises of stock options (shares)			13,250
Exercises of stock options				0.2				0.2			0.2
Issuance of restricted stock awards (shares)			30,891
Issuance of restricted stock units (shares)			165,318
Share-based payment expense				4.2				4.2			4.2
Capital contribution from, distribution to noncontrolling interests		0.2								0.3	0.3
Comprehensive income:
Net income		1.2			36.1			36.1		(0.1)	36
Unrealized loss on derivatives, net of tax							(4.1)	(4.1)			(4.1)
Net unrealized foreign currency translation gain (loss)							(0.8)	(0.8)			(0.8)
Change in retirement benefit adjustment, net of tax							(0.1)	(0.1)			(0.1)
Comprehensive income (loss)		1.2						31.1		(0.1)	31
Balance, shares (shares) at Mar. 29, 2019			48,651,755
Balance, value at Mar. 29, 2019		52.8	$ 0.5	531.5	1,239.1		(46.6)	1,724.5		25.4	1,749.9
Balance, shares (shares) at Dec. 28, 2018			48,442,296
Balance, value at Dec. 28, 2018		51.8	$ 0.5	527.1	1,206	(3)	(41.6)	1,692	(3)	25.8	1,717.8	(3)
Comprehensive income:
Net income	$ 94.4
Unrealized loss on derivatives, net of tax	(21.3)
Net unrealized foreign currency translation gain (loss)	(6.8)
Change in retirement benefit adjustment, net of tax	0.4
Comprehensive income (loss)	66.7
Balance, shares (shares) at Sep. 27, 2019			48,014,469
Balance, value at Sep. 27, 2019		55.2	$ 0.5	530.1	1,279.7		(69.3)	1,741		23.8	1,764.8
Balance, shares (shares) at Mar. 29, 2019			48,651,755
Balance, value at Mar. 29, 2019		52.8	$ 0.5	531.5	1,239.1		(46.6)	1,724.5		25.4	1,749.9
Exercises of stock options (shares)			5,000
Exercises of stock options				0.1				0.1			0.1
Issuance of restricted stock awards (shares)			2,830
Issuance of restricted stock units (shares)			7,077
Share-based payment expense				1.9				1.9			1.9
Capital contribution from, distribution to noncontrolling interests		0.1								0.1	0.1
Stock Repurchased During Period, Shares			365,569
Stock Repurchased During Period, Value				2.8	6.4			9.2			9.2
Comprehensive income:
Net income		0.9			38.1			38.1		(0.1)	38
Unrealized loss on derivatives, net of tax							(12.7)	(12.7)			(12.7)
Net unrealized foreign currency translation gain (loss)							0.5	0.5			0.5
Change in retirement benefit adjustment, net of tax							0.2	0.2			0.2
Comprehensive income (loss)		0.9						26.1		(0.1)	26
Balance, shares (shares) at Jun. 28, 2019			48,301,093
Balance, value at Jun. 28, 2019		53.8	$ 0.5	530.7	1,270.8		(58.6)	1,743.4		25.2	1,768.6
Exercises of stock options (shares)			32,000
Exercises of stock options				0.8				0.8			0.8
Issuance of restricted stock awards (shares)			38,869
Share-based payment expense				0.9				0.9			0.9
Capital contribution from, distribution to noncontrolling interests										0.1	0.1
Stock Repurchased During Period, Shares			357,493
Stock Repurchased During Period, Value				2.6	6.1			8.7			8.7
Dividend declared				(0.3)	3.1			2.8			2.8
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest										(1.3)
Comprehensive income:
Net income	18.2	1.4			18.1			18.1			16.8
Unrealized loss on derivatives, net of tax	(4.5)						(4.5)	(4.5)			(4.5)
Net unrealized foreign currency translation gain (loss)	(6.5)						(6.5)	(6.5)			(6.5)
Change in retirement benefit adjustment, net of tax	0.3						0.3	0.3			0.3
Comprehensive income (loss)	$ 7.5	1.4						7.4		(1.3)	6.1
Balance, shares (shares) at Sep. 27, 2019			48,014,469
Balance, value at Sep. 27, 2019		55.2	$ 0.5	530.1	1,279.7		(69.3)	1,741		23.8	1,764.8
Balance, shares (shares) at Dec. 27, 2019	48,014,628		48,014,628
Balance, value at Dec. 27, 2019	$ 1,743.7	55.3	$ 0.5	531.4	1,252.7	(1.2)	(65.4)	1,719.2	(1.2)	24.5	1,743.7	(1.2)
Issuance of restricted stock awards (shares)			7,374
Issuance of restricted stock units (shares)			150,301
Share-based payment expense				2.6				2.6			2.6
Stock Repurchased During Period, Shares			291,399
Stock Repurchased During Period, Value				2.3	5.5			7.8			7.8
Dividend declared				0.4	5.2			4.8			4.8
Comprehensive income:
Net income		0.2			13			13		(0.2)	12.8
Unrealized loss on derivatives, net of tax							(30.5)	(30.5)			(30.5)
Net unrealized foreign currency translation gain (loss)							(4.5)	(4.5)			(4.5)
Change in retirement benefit adjustment, net of tax							0.5	0.5			0.5
Comprehensive income (loss)		0.2						(21.5)		(0.2)	(21.7)
Balance, shares (shares) at Mar. 27, 2020			47,880,904
Balance, value at Mar. 27, 2020		55.5	$ 0.5	532.1	1,253.8		(99.9)	1,686.5		24.3	1,710.8
Balance, shares (shares) at Dec. 27, 2019	48,014,628		48,014,628
Balance, value at Dec. 27, 2019	$ 1,743.7	55.3	$ 0.5	531.4	1,252.7	$ (1.2)	(65.4)	1,719.2	$ (1.2)	24.5	1,743.7	$ (1.2)
Comprehensive income:
Net income	47.3
Unrealized loss on derivatives, net of tax	(26.9)
Net unrealized foreign currency translation gain (loss)	2.5
Change in retirement benefit adjustment, net of tax	0.4
Comprehensive income (loss)	$ 23.3
Balance, shares (shares) at Sep. 25, 2020	47,366,877		47,366,877
Balance, value at Sep. 25, 2020	$ 1,741.4	50.5	$ 0.5	531.8	1,275.2		(89.4)	1,718.1		23.3	1,741.4
Balance, shares (shares) at Mar. 27, 2020			47,880,904
Balance, value at Mar. 27, 2020		55.5	$ 0.5	532.1	1,253.8		(99.9)	1,686.5		24.3	1,710.8
Issuance of restricted stock awards (shares)			235
Issuance of restricted stock units (shares)			9,389
Share-based payment expense				2				2			2
Stock Repurchased During Period, Shares			549,836
Stock Repurchased During Period, Value				3.9	9.1			13			13
Dividend declared					2.4			2.4			2.4
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest										0.6
Comprehensive income:
Net income		(0.4)			17.9			17.9			18.5
Unrealized loss on derivatives, net of tax							3.3	3.3			3.3
Net unrealized foreign currency translation gain (loss)							0.9	0.9			0.9
Comprehensive income (loss)		(0.4)						22.1		0.6	22.7
Balance, shares (shares) at Jun. 26, 2020			47,340,692
Balance, value at Jun. 26, 2020		55.1	$ 0.5	530.2	1,260.2		(95.7)	1,695.2		24.9	1,720.1
Issuance of restricted stock units (shares)			26,185
Share-based payment expense				1.6				1.6			1.6
Capital contribution from, distribution to noncontrolling interests		5								0	0
Dividend declared				0	2.4			2.4			2.4
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest										(1.6)
Comprehensive income:
Net income	16.2	0.4			17.4			17.4			15.8
Unrealized loss on derivatives, net of tax	0.3						0.3	0.3			0.3
Net unrealized foreign currency translation gain (loss)	6.1						6.1	6.1			6.1
Change in retirement benefit adjustment, net of tax	(0.1)						(0.1)	(0.1)			(0.1)
Comprehensive income (loss)	$ 22.5	0.4						23.7		(1.6)	22.1
Balance, shares (shares) at Sep. 25, 2020	47,366,877		47,366,877
Balance, value at Sep. 25, 2020	$ 1,741.4	$ 50.5	$ 0.5	$ 531.8	$ 1,275.2		$ (89.4)	$ 1,718.1		$ 23.3	$ 1,741.4

General

General	9 Months Ended
	Sep. 25, 2020
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, marketing, and distribution of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared fruit and vegetables, juices, beverages and snacks in Europe, Africa and the Middle East. Our major sales markets are organized as follows: North America, Europe (which includes Kenya), the Middle East (which includes North Africa) and Asia. We source our fresh produce products primarily from Central and South America, Africa, and the Philippines. We can also produce, market and distribute certain prepared food products in North America based on our agreement with Del Monte Pacific Limited and its subsidiary Del Monte Foods, Inc. We source our prepared food products from Africa, Europe, the Middle East, and North America. Our products are sourced from company-owned operations, 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 certain Central Asian countries. 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. We can also produce, market and distribute certain prepared food products in North America utilizing the Del Monte ® brand. We have entered into an agreement with Del Monte Foods, Inc. to jointly produce, market and sell prepared, chilled and refrigerated (i) juices, (ii) cut-fruit and (iii) avocado/guacamole products produced using high pressure technology. The accompanying unaudited Consolidated Financial Statements for the quarter and nine months ended September 25, 2020 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 nine months ended September 25, 2020 are subject to significant seasonal variations and are not necessarily indicative of the results that may be expected for the year ending January 1, 2021. 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 27, 2019. Certain reclassification of prior period balances have been made to conform to current presentation. Specifically, our segment data disclosures for the quarter and nine months ended September 27, 2019 have been adjusted to reflect a reclassification of cost of products sold between our banana and fresh and value-added products segments as the result of a refinement in our overhead costs allocation methodology. Refer to Note 12. " Business Segment Data " for further information on our segment disclosures. Our Consolidated Statement of Operations for the quarter ended September 27, 2019 reflects a $1.5 million adjustment to correct the presentation of payroll and payroll-related costs associated with sales personnel from cost of products sold to selling, general, and administrative expenses. For the nine months ended September 27, 2019, the adjustment from cost of products sold to selling, general, and administrative expenses is $4.6 million. This reclassification adjustment was identified in connection with an internal reorganization of our sales force and is not material to our Consolidated Financial Statements. The total adjustment from cost of products sold to selling, general, and administrative expenses for the year ended December 27, 2019 is $5.8 million, and our Consolidated Statement of Operations for the respective year will be reflected accordingly in our future filings with the Securities and Exchange Commission ("SEC"). Refer to Note 12. " Business Segment Data " for further information. 1. General (continued) We are required to evaluate events occurring after September 25, 2020 for recognition and disclosure in the unaudited Consolidated Financial Statements for the quarter and nine months ended September 25, 2020. Events are evaluated based on whether they represent information existing as of September 25, 2020, which require recognition in the unaudited Consolidated Financial Statements, or new events occurring after September 25, 2020, 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 September 25, 2020 through the date of issuance of these unaudited Consolidated Financial Statements.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	9 Months Ended
	Sep. 25, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements New Accounting Pronouncements Adopted In April 2019, the FASB issued ASU 2019-04, Codification Improvements, Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. This ASU provides amendments which affect the recognition and measurement of financial instruments, including derivatives and fair value hedges. We adopted this ASU on the first day of our 2020 fiscal year. The adoption of this ASU did not have a material impact on our consolidated financial statements. In November 2018, the FASB issued ASU 2018-18, Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606 . This ASU resolves the diversity in practice concerning the manner in which entities account for transactions based on their assessment of the economics of a collaborative arrangement. This ASU clarifies that certain transactions between collaborative arrangement participants should be accounted for as revenue when the collaborative arrangement participant is a customer and precludes recognizing as revenue consideration received from a collaborative arrangement if the participant is not a customer. We adopted this ASU on the first day of our 2020 fiscal year. The adoption of this ASU did not have a material impact on our consolidated financial statements. In October 2018, the FASB issued ASU 2018-17, Targeted Improvements to Related Party Guidance for Variable Interest Entities . This ASU provides that indirect interests held through related parties in common control arrangements should be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. We adopted this ASU on the first day of our 2020 fiscal year. The adoption of this ASU did not have a material impact on our consolidated financial statements. In September 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40), Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. This ASU requires implementation costs incurred by customers in cloud computing arrangements (i.e., hosting arrangements) to be capitalized under the same premises of authoritative guidance for internal-use software and deferred over the non-cancellable term of the cloud computing arrangements plus any option renewal periods that are reasonably certain to be exercised by the customer or for which the exercise is controlled by the service provider. We adopted this ASU prospectively on the first day of our 2020 fiscal year. The adoption of this ASU did not have a material impact on our consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurements. This ASU includes additional disclosure requirements for recurring Level 3 fair value measurements, including disclosure of changes in unrealized gains and losses for the period included in other comprehensive (loss) income, disclosure of the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and a narrative description of measurement uncertainty related to Level 3 measurements. We adopted this ASU on the first day of our 2020 fiscal year. The adoption of this ASU did not have a material impact on our consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Measurement of Credit Losses on Financial Instruments, and subsequent amendments to the guidance, ASU 2018-19 in November 2018 and ASU 2019-05 in May 2019 including codification improvements to Topic 326 in ASU 2019-04. The standard significantly changes how entities measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard replaces the previous “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost, generally resulting in the earlier recognition of credit losses in the financial statements. The amendment affects loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. We adopted this standard on the first day of our 2020 fiscal year using a modified-retrospective approach, and recorded a $1.2 million cumulative-effect adjustment to the opening balance of retained earnings in connection with the adoption. As a result, the consolidated financial statements for 2020 are presented under the new standard, while the comparative prior year period is not adjusted and continues to be reported in accordance with our historical accounting policy. The adoption of this standard did not have a material impact on our consolidated financial statements. See Note 5. " Allowance for Credit Losses " for additional information. 2. Recently Issued Accounting Pronouncements (continued) New Accounting Pronouncements Not Yet Adopted In March 2020, FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . The ASU provides optional guidance to companies to ease the potential burden associated with transitioning away from reference rates that are expected to be discontinued. The new guidance provides optional expedients and exceptions to apply generally accepted accounting principles to contract modifications and hedging relationships, subject to certain criteria, that reference LIBOR or another reference rate expected to be discontinued. Companies can adopt the ASU immediately, however the guidance will only be available through December 31, 2022. We are currently evaluating this ASU and its impact on our consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)- Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 . The amendments in this update clarify certain interactions between the guidance to account for certain equity securities under Topic 321, the guidance to account for investments under the equity method of accounting in Topic 323, and the guidance in Topic 815, which could change how an entity accounts for an equity security under the measurement alternative or a forward contract or purchased option to purchase securities that, upon settlement of the forward contract or exercise of the purchased option, would be accounted for under the equity method of accounting or the fair value option in accordance with Topic 825, Financial Instruments. This ASU will be effective for us beginning the first day of our 2021 fiscal year. We are evaluating the impact of the 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 consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes . The ASU introduces new guidance to evaluate whether a step-up in tax basis of goodwill relates to a business combination in which book goodwill was recognized or a separate transaction, and also provides a policy election to not allocate consolidated income taxes when a member of a consolidated tax return is not subject to income tax. The ASU also makes changes to the current guidance for making intraperiod allocations and determining when a deferred tax liability is recognized after an investor in a foreign entity transitions to or from the equity method of accounting, among other changes. This ASU will be effective for us beginning the first day of our 2021 fiscal year. We are evaluating the impact of the 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 consolidated financial statements. In August 2018, the FASB issued ASU 2018-14 , Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20) . This ASU amends Accounting Standards Codification (ASC) 715 to add additional disclosures, remove certain disclosures that are not considered cost beneficial and to clarify certain required disclosures. Early adoption is permitted. This ASU is effective for fiscal years ending after December 15, 2020. We are evaluating the impact of the adoption of this ASU on our financial statement disclosures.

Asset Impairment and Other Char

Asset Impairment and Other Charges, Net	9 Months Ended
	Sep. 25, 2020
Asset Impairment and Other Charges, Net [Abstract]
Asset Impairment and Other Charges, Net	Asset Impairment and Other (Credits) Charges, Net The following represents a summary of asset impairment and other (credits) charges, net recorded during the quarters and nine months ended September 25, 2020 and September 27, 2019 (U.S. dollars in millions): Quarter ended Nine months ended September 25, 2020 September 25, 2020 Long-lived Exit activity and other Total Long-lived Exit activity and other Total Banana segment: California Air Resource Board settlement (1) $ — $ — $ — $ — $ 1.3 $ 1.3 Philippine asset impairment of low-yield areas 0.1 — 0.1 0.8 — 0.8 Fresh and value-added products segment: California Air Resource Board settlement (1) — — — — 0.7 0.7 Impairment of production facilities (2) — — — 2.1 — 2.1 Insurance recovery related to product recall (3) — (4.4) (4.4) — (10.4) (10.4) North America reorganization charges (4) — 0.8 0.8 — 1.5 1.5 Other fresh and value-added products segment charges — — — — 0.2 0.2 Total asset impairment and other (credits) charges, net $ 0.1 $ (3.6) $ (3.5) $ 2.9 $ (6.7) $ (3.8) Quarter ended Nine months ended September 27, 2019 September 27, 2019 Long-lived Exit activity and other Total Long-lived Exit activity and other Total Banana segment: Philippine asset impairment of low-yield areas $ 4.7 $ — $ 4.7 $ 4.7 $ — $ 4.7 Philippine exit activities of certain low-yield areas — — — — 0.5 0.5 Fresh and value-added products Impairment of equity investment (5) — — — 2.9 — 2.9 Other fresh and value-added products segment charges — — — 0.4 — 0.4 Total asset impairment and other (credits) charges, net $ 4.7 $ — $ 4.7 $ 8.0 $ 0.5 $ 8.5 (1) $2.0 million charge for the nine months ended September 25, 2020 relating to a settlement with the California Air Resource Board. This charge relates to both our banana and fresh and value-added products segments. Refer to Note 9. " Commitments and Contingencies " for further information regarding this matter. (2) $2.1 million asset impairment charges for the nine months ended September 25, 2020 related to impairment of production facilities in North America and Europe. 3. Asset Impairment and Other (Credits) Charges, Net (continued) (3) $(10.4) million insurance recovery for the nine months ended September 25, 2020 related to a voluntary recall of vegetable products in North America which was announced in the fourth quarter of 2019. (4) $1.5 million charge for the nine months ended September 25, 2020 related to severance expenses incurred in connection with the reorganization of our sales and marketing function in North America. (5) $2.9 million impairment of equity investment for the nine months ended September 27, 2019 related to our 10% equity ownership interest in Three Limes, Inc., d/b/a The Purple Carrot.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 25, 2020
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 income tax deficiencies related to transfer pricing aggregating approximately $145.8 million (including interest and penalties) for tax years 2012 through 2016. We strongly disagree with the proposed adjustments and have filed a protest with each of the taxing authorities as we believe that the proposed adjustments are without technical merit. On September 10, 2020, we were notified that we lost our final appeal at the Administrative level in one of the foreign jurisdictions under audit for the years 2012-2015. We have filed a request for an injunction in the judicial courts which would defer payment, if any, until the end of the judicial process. Additionally, we also intend to file an administrative injunction with the Tax Administration. In parallel with the administrative procedure, we had filed an appeal in judicial court on April 30, 2020. We strongly believe we will prevail at the judicial level. If not, we will appeal to the Supreme Court. We will continue to vigorously contest the adjustments and expect to exhaust all administrative and judicial remedies necessary in both jurisdictions to resolve the matters, which could be a lengthy process. We regularly assess the likelihood of adverse outcomes resulting from examinations such as these to determine the adequacy of our tax reserves. Accordingly, we have not accrued any additional amounts based upon the proposed adjustments. There can be no assurance that these matters will be resolved in our favor, and an adverse outcome of either matter, or any future tax examinations involving similar assertions, could have a material effect on our financial condition, results of operations and cash flows. Provision for income taxes was $9.4 million for the first nine months of 2020 compared to $20.0 million for the first nine months of 2019. The decrease in the provision for income taxes of $10.6 million is primarily due to lower earnings in certain taxable jurisdictions. The tax provision for the first nine months of 2020 also includes a $1.7 million benefit relating to the NOL carryback provision of the Coronavirus Aid, Relief and Economic Security Act (CARES) Act, which was enacted on March 27, 2020. Member States of the European Union in which our European distributors operate have enacted, or are in the process of drafting, anti-hybrid legislation which may impact our ability to deduct the cost of certain purchases in those jurisdictions. We are actively analyzing the enacted and proposed draft legislation to assess whether, and to what extent, these provisions impact the Company.

Allowance for Credit Losses

Allowance for Credit Losses	9 Months Ended
	Sep. 25, 2020
Receivables [Abstract]
Allowance for Credit Losses	We estimate expected credit losses on our trade receivables and financing receivables in accordance with Accounting Standards Codification ("ASC") 326 - Financial Instruments - Credit Losses . We adopted this accounting standard on the first day of our 2020 fiscal year using a modified-retrospective approach. As a result, the consolidated financial statements for 2020 are presented under the new standard, while the comparative prior year period is not adjusted and continues to be reported in accordance with our historical accounting policy. Trade Receivables Trade receivables as of September 25, 2020 were $341.4 million, net of an allowance of $20.7 million. Our allowance for trade receivables consists of two components: a $10.1 million allowance for credit losses and a $10.6 million allowance for customer claims accounted for under the scope of ASC 606 - Revenue Recognition. As a result of our robust credit monitoring practices, the industry in which we operate, and the nature of our customer base, the credit losses associated with our trade receivables have historically been insignificant in comparison to our annual net sales. We measure the allowance for credit losses on trade receivables on a collective (pool) basis when similar risk characteristics exist. We generally pool our trade receivables based on the geographic region or country to which the receivables relate. Receivables that do not share similar risk characteristics are evaluated for collectibility on an individual basis. Our historical credit loss experience provides the basis for our estimation of expected credit losses. We generally use a three-year average annual loss rate as a starting point for our estimation, and make adjustments to the historical loss rate to account for differences in current conditions impacting the collectibility of our receivable pools. We generally monitor macroeconomic indicators to assess whether adjustments are necessary to reflect current conditions. The table below presents a rollforward of our trade receivable allowance for credit losses for the nine months ended September 25, 2020. Nine months ended Trade Receivables September 25, Allowance for credit losses: Balance, beginning of period (1) $ 8.9 Provision for uncollectible amounts (2) 1.2 Deductions to allowance related to write-offs — Recoveries of amounts previously written off — Balance, end of period $ 10.1 (1) Beginning balance includes $1.0 million increase reflecting the impact of our adoption of ASC 326 on the first day of fiscal 2020. See Note 2. " Recently Issued Accounting Pronouncements " for additional information. (2) Provision for the nine months ended September 25, 2020 includes $0.5 million of estimated trade receivable credit losses primarily relating to our foodservice customer base as a direct result of the COVID-19 pandemic. Given the developments surrounding the pandemic, including the government imposed mandatory closures and social distancing initiatives, we revised our receivable pools to separately identify our foodservice customers and judgmentally adjusted our historical loss rates to account for the current circumstances which are negatively impacting their financial condition. While the provision included in our operating results reflects our best estimate as of September 25, 2020, there are significant uncertainties about what the effects of the COVID-19 pandemic will ultimately be. 5. Allowance for Credit Losses (continued) Financing Receivables Financing receivables are included in other accounts receivable, net on our Consolidated Balance Sheets and are recognized at amortized cost less an allowance for estimated credit losses. Financing receivables include 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 4 years. We measure the allowance for credit losses on advances to suppliers and growers on a collective (pool) basis when similar risk characteristics exist. We generally pool our advances based on the country to which they relate, and further disaggregate them based on their current or past-due status. We generally consider an advance to a grower to be past due when the advance is not fully paid within the respective growing season. The allowance for advances to growers and suppliers that do not share similar risk characteristics are determined on a case-by-case basis depending on the expected production for the season and other contributing factors. The advances are typically collateralized by property liens and pledges of the respective season’s produce. Occasionally, we agree to a payment plan with these growers or take steps to recover the advance via established collateral. We may write-off uncollectible financing receivables after our collection efforts are exhausted. Historically, our credit losses associated with our advances to suppliers and growers have not been significant. Our historical credit loss experience provides the basis for our estimation of expected credit losses. We generally use a three-year average annual loss rate as a starting point for our estimation, and make adjustments to the historical loss rate to account for differences in current or expected future conditions. We generally monitor macroeconomic indicators as well as other factors which may impact the collectibility of the advances, including unfavorable weather conditions and crop diseases, when assessing whether adjustments to the historical loss rate are necessary. The following table details the advances to growers and suppliers based on their credit risk profile (U.S. dollars in millions): September 25, 2020 December 27, 2019 Current Past-Due Current Past-Due Gross advances to growers and suppliers $ 34.0 $ 4.8 $ 33.8 $ 8.3 The allowance for advances to growers and suppliers and the related financing receivables for the nine months ended September 25, 2020 and September 27, 2019 were as follows (U.S. dollars in millions): Nine months ended September 25, September 27, Allowance for advances to growers and suppliers: Balance, beginning of period (1) $ 2.3 $ 2.8 Provision for uncollectible amounts (0.1) — Deductions to allowance related to write-offs (0.1) — Balance, end of period $ 2.1 $ 2.8 (1) Beginning balance includes $0.2 million increase reflecting the impact of our adoption of ASC 326 on the first day of fiscal 2020. See Note 2. " Recently Issued Accounting Pronouncements " for additional information.

Share-Based Compensation

Share-Based Compensation	9 Months Ended
	Sep. 25, 2020
Share-based Payment Arrangement, Noncash Expense [Abstract]
Share-Based Compensation	Share-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 27, 2019. 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 Operations and is comprised as follows (U.S. dollars in millions): Quarter ended Nine months ended September 25, September 27, September 25, September 27, RSUs/PSUs $ 1.6 $ 0.9 $ 5.9 $ 6.0 RSAs — — 0.3 1.0 Total $ 1.6 $ 0.9 $ 6.2 $ 7.0 We received no proceeds from the exercise of stock-based options for the nine months ended September 25, 2020 and $1.1 million for the nine months ended September 27, 2019. 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 Compensation – Stock Compensation. ” Accordingly, we recognize compensation cost immediately for restricted stock awards granted to non-management members of the Board of Directors. Subsequent to the first quarter of 2020, members of our Board of Directors will no longer receive RSAs and will instead receive RSUs. The following table lists RSAs awarded under the 2014 plan for the nine months ended September 25, 2020 and September 27, 2019: Date of award Shares of Price per share For the nine months ended September 25, 2020 April 10, 2020 235 $ 32.00 January 2, 2020 7,374 34.42 For the nine months ended September 27, 2019 May 1, 2019 2,830 29.44 January 2, 2019 30,891 28.32 6. Share-Based Compensation (continued) 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 three four 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. 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 nine months ended September 25, 2020 and September 27, 2019: Date of Award Type of award Units awarded Price per share For the nine months ended September 25, 2020 April 28, 2020 RSU 21,348 $ 35.13 March 30, 2020 RSU 2,500 29.61 March 23, 2020 RSU 2,500 33.53 March 2, 2020 PSU 86,954 28.74 March 2, 2020 RSU 161,093 28.74 For the nine months ended September 27, 2019 July 31, 2019 PSU 4,250 30.33 March 25, 2019 RSU 5,000 26.55 February 20, 2019 PSU 85,000 27.71 February 20, 2019 RSU 133,750 27.71 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.

Inventories, net

Inventories, net	9 Months Ended
	Sep. 25, 2020
Inventory Disclosure [Abstract]
Inventories, net	Inventories, net Inventories consisted of the following (U.S. dollars in millions): September 25, December 27, 2019 Finished goods $ 180.3 $ 203.5 Raw materials and packaging supplies 152.8 155.8 Growing crops 167.4 192.5 Total inventories, net $ 500.5 $ 551.8

Debt and Finance Lease Obligati

Debt and Finance Lease Obligations	9 Months Ended
	Sep. 25, 2020
Long-term Debt and Lease Obligation [Abstract]
Debt and Finance Lease Obligations	Debt and Finance Lease Obligations The following is a summary of long-term debt and finance lease obligations (U.S. dollars in millions): September 25, December 27, Senior unsecured revolving credit facility (see Credit Facility below) $ 510.7 $ 586.6 Finance lease obligations 0.4 0.5 Total debt and finance lease obligations 511.1 587.1 Less: Current maturities (0.3) (0.3) Long-term debt and finance lease obligations $ 510.8 $ 586.8 Credit Facility On October 1, 2019, we entered into a Second Amended and Restated Credit Agreement (as amended, the “Second A&R Credit Agreement”) with Bank of America, N.A. as administrative agent and BofA Securities, Inc. as sole lead arranger and sole bookrunner and certain other lenders. The Second A&R Credit Agreement provides for a five Amounts borrowed under the Revolving Credit Facility accrue interest, at our election, at either (i) the Eurocurrency Rate (as defined in the Second A&R Credit Agreement) plus a margin that ranges from 1.0% to 1.5% or (ii) the Base Rate (as defined in the Second A&R Credit Agreement) plus a margin that ranges from 0% to 0.5%, in each case based on our Consolidated Leverage Ratio (as defined in the Second A&R Credit Agreement). The Second A&R Credit Agreement revised the interest rate grid to provide for five pricing levels for interest rate margins, as compared to three pricing levels in the prior credit facility. The Second A&R Credit Agreement provides for an accordion feature that permits us, without the consent of the other lenders, to request that one or more lenders provide us with increases in revolving credit facility or term loans up to an aggregate of $300 million (“Incremental Increases”). The aggregate amount of Incremental Increases can be further increased to the extent that after giving effect to the proposed increase in revolving credit facility commitments or term loans our Consolidated Leverage Ratio, on a pro forma basis, would not exceed 2.5 to 1. Our ability to request such increases in the revolving credit facility or term loans is subject to our compliance with customary conditions set forth in the Second A&R Credit Agreement including compliance, on a pro forma basis, with the financial covenants and ratios set forth therein. Upon our request, each lender may decide, in its sole discretion, whether to increase all or a portion of its revolving credit facility commitment or provide term loans. The Second A&R Credit Agreement provides covenants substantially the same as those contained in the prior credit agreement, except that (1) the restricted payments covenant has been revised to permit us to declare or pay cash dividends in any fiscal year up to an amount that does not exceed the greater of (i) an amount equal to the greater of (A) 50% of the Consolidated Net Income (as defined in the Second A&R Credit Agreement) for the immediately preceding fiscal year or (B) $25 million or (ii) the greatest amount which would not cause the Consolidated Leverage Ratio (determined on a pro forma basis) to exceed 3.25 to 1.00 and (2) the restricted payments covenant has been revised to provide an allowance for stock repurchases to be an amount not exceeding the greater of (i) $150 million in the aggregate or (ii) the amount that, after giving pro forma effect thereto and any related borrowings, will not cause the Consolidated Leverage Ratio to exceed 3.25 to 1.00. All other material terms of the prior credit agreement remain unchanged. Debt issuance costs of $2.0 million and $2.3 million are included in other noncurrent assets on our Consolidated Balance Sheets as of September 25, 2020 and December 27, 2019, respectively. We have a renewable 364-day, $25.0 million commercial stand-by letter of credit facility with Rabobank Nederland. 8. Debt and Finance Lease Obligations (continued) The following is a summary of the material terms of the Credit Facility and other working capital facilities at September 25, 2020 (U.S. dollars in millions): Term Maturity Interest rate Borrowing Available Bank of America credit facility 5 years October 1, 2024 1.56% $ 1,100.0 $ 589.3 Rabobank letter of credit facility 364 days June 16, 2021 Varies 25.0 13.4 Other working capital facilities Varies Varies Varies 20.2 9.7 $ 1,145.2 $ 612.4 The current margin for LIBOR advances is 1.375%. We intend to use funds borrowed under the Revolving Credit Facility from time to time for general corporate purposes, working capital, capital expenditures and other investment opportunities. The Second A&R Credit Agreement 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 September 25, 2020, we were in compliance with all of the covenants contained in the Second A&R Credit Agreement. The Revolving Credit Facility is unsecured and is guaranteed by certain of our subsidiaries. The Revolving 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 September 25, 2020, we applied $11.6 million to letters of credit under the Rabobank Nederland and Bank of America revolving credit facilities, 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 letter of credit or Bank of America revolving credit facilities. During 2018, we entered into interest rate swaps in order to hedge the risk of the fluctuation on future interest payments related to our variable rate LIBOR-based borrowings from our Revolving Credit Facility. Refer to Note 13, “ Derivative Financial Instruments ”.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 25, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies During the fourth quarter of 2019, our Mann Packing business voluntarily recalled a series of vegetable products sold to select customers in the United States and Canada primarily in our fresh and value-added products segment. The voluntary recall had a negative effect on net sales, primarily of fresh-cut vegetables, and also resulted in approximately $6.0 million of customer claims and customer-related charges and $4.4 million in inventory write-offs during the fourth quarter of 2019. During the nine months ended September 25, 2020, we recognized a $10.4 million insurance recovery associated with the voluntary product recall, presented in asset impairments and other (credits) charges, net in our Consolidated Statement of Operations. Subsequent to the quarter ended September 25, 2020, contingencies associated with the final portion of the insurance claim were resolved and as a result, an additional gain on insurance recovery of $4.6 million will be recognized in our Consolidated Statement of Operations during the fourth quarter of 2020. 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”). In 2005, our subsidiary signed a Consent Decree ("Consent Decree") with the Environmental Protection Agency ("EPA") for the performance of the clean-up work for the Kunia Well Site. Based on findings from remedial investigations, our subsidiary continues to evaluate with the EPA the clean-up work currently in progress in accordance with the Consent Decree. The estimates associated with the clean-up costs are between $13.2 million and $28.7 million. The estimate on which our accrual is based totals $13.2 million. As of September 25, 2020, $12.9 million was included in other noncurrent liabilities and $0.3 million included in accounts payable and accrued expenses in our Consolidated Balance Sheets for the Kunia Well Site clean-up. We expect to expend approximately $0.4 million in 2020, $1.1 million in 2021 and $0.9 million in each of the years 2022, 2023 and 2024. California Air Resource Board On June 8, 2018, the California Air Resource Board (“CARB”) issued a Notice of Violation (“NOV”) to the Company regarding violations of certain California anti-air pollution regulations by ships that were subject to a time charter by the Company from Star Reefers Pool, Inc. (“Star”), an unrelated non-U.S. third party. In accordance with the terms of the time charter, Star was contractually required to maintain compliance with the CARB requirements, Star’s personnel managed the relevant vessels, Star supplied the crew and Star maintained at all times possession and control of their ships. Pursuant to the terms of the charter agreement, the Company had the temporary right to have its goods loaded and conveyed and made available at the relevant California berth equipment necessary for Star’s compliance with the CARB regulations. Since receiving the NOV, the Company sought to enforce its contractual rights to have Star engage with CARB regarding potential liability and resolve any open violations. The Company ultimately terminated its commercial relationship with Star. While a formal complaint by CARB had not been filed, several tolling agreements had been executed and the Company discussed a settlement of the allegations with CARB directly as liability under the regulations is considered joint and several. The Company fully cooperated with and assisted CARB in its audits for alleged violations over 2015-2019. On August 2, 2020, after having gone back and forth with respect to the merits raised in its settlement discussions, the Company, without any admission of liability, accepted CARB’s counter-proposal and agreed to pay a civil penalty of $1.0 million and to fund a Supplemental Environmental Project (SEP) entitled Marine Vessel Speed Reduction Incentive Program Phase 2 in the amount of $1.0 million, for a total settlement of $2.0 million. This settlement charge is reflected in asset impairment and other (credits) charges, net in our Consolidated Statement of Operations for the nine months ended September 25, 2020. Business Litigation On March 14, 2019, we settled a business transaction litigation matter for $17.0 million in our favor. The settlement resulted in a gain of approximately $16.0 million, net of $1.0 million related to other miscellaneous expenses which is reflected in other (expense) income, net on our Consolidated Statements of Operations for the nine months ended September 27, 2019. 9. 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	9 Months Ended
	Sep. 25, 2020
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 Nine months ended September 25, September 27, September 25, September 27, Numerator: Net income attributable to Fresh Del Monte Produce Inc. $ 17.4 $ 18.1 $ 48.3 $ 92.3 Denominator: Weighted average number of ordinary shares - Basic 47,355,918 48,069,733 47,641,712 48,383,625 Effect of dilutive securities - share-based awards 71,805 47,256 90,035 100,137 Weighted average number of ordinary shares - Diluted 47,427,723 48,116,989 47,731,747 48,483,762 Antidilutive awards (1) 209,405 218,241 209,405 218,241 Net income per ordinary share attributable to Fresh Del Monte Produce Inc.: Basic $ 0.37 $ 0.38 $ 1.01 $ 1.91 Diluted $ 0.37 $ 0.38 $ 1.01 $ 1.90 (1) Certain unvested RSUs and PSUs are not included in the calculation of net income per ordinary share because the effect would have been antidilutive. Refer to Note 16, “ Shareholders’ Equity ”, for disclosures related to the stock repurchase program and retired shares.

Retirement and Other Employee B

Retirement and Other Employee Benefits	9 Months Ended
	Sep. 25, 2020
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 defined benefit pension plans and post-retirement benefit plans (U.S. dollars in millions): Quarter ended Nine months ended September 25, September 27, September 25, September 27, Service cost $ 1.6 $ 1.4 $ 4.8 $ 4.1 Interest cost 1.5 1.7 4.4 5.1 Expected return on assets (0.6) (0.8) (1.8) (2.4) Amortization of net actuarial loss 0.3 0.1 0.9 0.4 Net periodic benefit costs $ 2.8 $ 2.4 $ 8.3 $ 7.2 We provide certain other retirement benefits to certain employees who are not U.S.-based and are 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 $0.8 million for the quarter ended September 25, 2020 and $0.7 million for the quarter ended September 27, 2019. The net periodic benefit costs related to other non-U.S.-based plans is $2.4 million for the nine months ended September 25, 2020 and $2.2 million for the nine months ended September 27, 2019.

Business Segment Data

Business Segment Data	9 Months Ended
	Sep. 25, 2020
Segment Reporting [Abstract]
Business Segment Data	Business Segment Data We are principally engaged in the production, distribution and marketing of fresh and value-added products and bananas. 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 organized into two reportable segments that represent our primary businesses and one reportable segment that represents our ancillary businesses. • Fresh and value-added products - includes pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit (including grapes, apples, citrus, blueberries, strawberries, pears, peaches, plums, nectarines, cherries and kiwis), other fruit and vegetables, avocados, and prepared foods (including prepared fruit and vegetables, juices, other beverages, and meals and snacks) • Banana • Other products and services - includes our ancillary businesses consisting of sales of poultry and meat products, a plastic product business, and third-party freight services 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 September 25, 2020 September 27, 2019 Segments: Net Sales Gross Profit Net Sales Gross Profit Fresh and value-added products $ 600.6 $ 54.2 $ 652.9 $ 53.3 Banana 361.8 10.8 385.8 18.6 Other products and services 27.3 2.3 31.5 4.3 Totals $ 989.7 $ 67.3 $ 1,070.2 $ 76.2 Nine months ended September 25, 2020 September 27, 2019 Segments: Net Sales Gross Profit Net Sales Gross Profit Fresh and value-added products $ 1,897.8 $ 133.8 $ 2,107.2 $ 172.3 Banana 1,218.4 74.3 1,257.3 90.2 Other products and services 83.8 6.4 99.3 6.4 Totals $ 3,200.0 $ 214.5 $ 3,463.8 $ 268.9 Quarter ended Nine months ended Net Sales by geographic region: September 25, September 27, September 25, September 27, North America $ 619.4 $ 720.8 $ 1,992.0 $ 2,286.4 Europe 150.0 140.4 485.2 482.9 Asia 107.9 99.6 355.3 351.4 Middle East 102.7 103.4 329.3 310.5 Other 9.7 6.0 38.2 32.6 Totals $ 989.7 $ 1,070.2 $ 3,200.0 $ 3,463.8 12. Business Segment Data (continued) Our segment data disclosures for the quarter and nine months ended September 27, 2019 have been adjusted to reflect a reclassification of cost of products sold between our banana and fresh and value-added products segments as the result of a refinement in our overhead cost allocation methodology. This reclassification resulted in an increase to our banana segment gross profit of $1.7 million for the quarter ended September 27, 2019 and $4.4 million for the nine months ended September 27, 2019, and a corresponding decrease in our fresh and value-added products segment gross profit. On a full year basis for the year ended December 27, 2019, the reclassification results in an increase to our banana segment gross profit and corresponding decrease to our fresh and value-added products segment gross profit of $5.6 million and will be reflected accordingly in our future filings with the SEC. Our segment data disclosures for the quarter ended September 27, 2019 also reflect the impact of a reclassification adjustment to correct the presentation of payroll and payroll-related costs associated with our sales personnel from cost of products sold to selling, general, and administrative expenses. The reclassification adjustment resulted in an increase of $0.4 million to gross profit in our banana segment and an increase of $1.1 million to gross profit in our fresh and value-added products segment for the quarter ended September 27, 2019. For the nine months ended September 27, 2019, the reclassification adjustment resulted in an increase of $1.3 million to gross profit in our banana segment and an increase of $3.3 million to gross profit in our fresh and value-added products segment. For the full year ended December 27, 2019, the adjustment results in an increase to our banana segment gross profit of $1.6 million, and an increase of $4.2 million to our fresh and value-added products segment gross profit. Refer to Note 1. " General " for further information regarding this adjustment. The following table indicates our net sales by product and the percentage of the total (U.S. dollars in millions): Quarter ended Nine months ended September 25, September 27, September 25, September 27, Fresh and value-added products: Fresh-cut fruit $ 130.4 13 % $ 144.5 13 % $ 358.6 11 % $ 408.2 12 % Fresh-cut vegetables 95.6 10 % 122.0 12 % 284.8 9 % 360.0 10 % Gold pineapples 115.9 12 % 102.0 10 % 331.9 10 % 339.4 10 % Avocados 76.5 8 % 98.0 9 % 263.5 8 % 311.6 9 % Non-tropical fruit 38.1 4 % 32.2 3 % 175.8 6 % 163.1 5 % Prepared foods 67.5 7 % 70.4 7 % 198.7 6 % 210.6 6 % Melons 2.9 — % 5.1 — % 66.8 2 % 74.8 2 % Tomatoes 8.6 1 % 12.2 1 % 32.4 1 % 41.1 1 % Vegetables 41.7 4 % 45.6 4 % 116.1 4 % 130.0 4 % Other fruit and vegetables 23.4 2 % 20.9 2 % 69.2 2 % 68.4 2 % Total fresh and value-added products 600.6 61 % 652.9 61 % 1,897.8 59 % 2,107.2 61 % Banana 361.8 36 % 385.8 36 % 1,218.4 38 % 1,257.3 36 % Other products and services 27.3 3 % 31.5 3 % 83.8 3 % 99.3 3 % Totals $ 989.7 100 % $ 1,070.2 100 % $ 3,200.0 100 % $ 3,463.8 100 %

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 25, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	13. Derivative Financial Instruments Our derivative financial instruments reduce our exposure to fluctuations in foreign exchange rates, variable interest rates and bunker fuel prices. We designate our derivative financial instruments as cash flow hedges. Counterparties expose us to credit loss 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. Fluctuations in the value of the derivative instruments are generally offset by changes in the cash flows of the underlying exposures being hedged. A cash flow hedge requires that the change in the fair value of a derivative instrument be recognized in other comprehensive (loss) income, a component of shareholders’ equity, and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings and is presented in the same income statement line item as the earnings effect of the hedged item. Certain of our derivative instruments contain provisions that require the current credit relationship between us and our counterparty to be maintained throughout the term of the derivative instruments. If that credit relationship changes, certain provisions could be triggered, and the counterparty could request immediate collateralization of derivative instruments in a net liability position above a certain threshold. The aggregate fair value of all derivative instruments with a credit-risk-related contingent feature that are in a liability position on September 25, 2020 is $61.6 million. As of September 25, 2020, no triggering event has occurred and thus we are not required to post collateral. Derivative instruments are disclosed on a gross basis. There are various rights of setoff associated with our derivative instruments that are subject to an enforceable master netting arrangement or similar agreements. Although various rights of setoff and master netting arrangements or similar agreements may exist with the individual counterparties, individually, these financial rights are not material. 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 mature within one year. Our foreign currency hedges were entered into for the purpose of hedging portions of our 2020 and 2021 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. We had the following outstanding foreign currency forward contracts as of September 25, 2020 (in millions): Foreign currency contracts qualifying as cash flow hedges: Notional amount Euro EUR 105.8 British pound GBP 16.4 Japanese yen JPY 2,749.0 Korean won KRW 10,465.0 13. Derivative Financial Instruments (continued) Bunker Fuel Hedges We are exposed to fluctuations in bunker fuel prices on our results of operations and financial condition, and we mitigate that exposure by entering into bunker fuel swap agreements which permit us to lock in bunker fuel prices. During the nine months ended September 25, 2020, one of our subsidiaries entered into bunker fuel swap agreements in order to hedge portions of our fuel expenses incurred by our owned and chartered vessels throughout 2020 and 2021. We designated our bunker fuel swap agreements as cash flow hedges. We had the following outstanding bunker fuel swap contracts as of September 25, 2020: Bunker fuel swap contracts: Notional amount 0.5% U.S. Gulf Coast (1) 174,161 barrels 3% U.S. Gulf Coast (1) 90,116 metric tons 0.5% Singapore 42,111 metric tons (1) During the nine months ended September 25, 2020, we dedesignated portions of our bunker fuel cash flow hedges due to decreases in our forecasted fuel consumption for certain fuel types which was partially driven by the delay of the receipt of three of our six new refrigerated container vessels due to the COVID-19 pandemic. The notional amounts which were dedesignated consisted of 133,855 barrels of fuel related to our 0.5% U.S. Gulf Coast contracts and 63,753 metric tons of fuel related to our 3% U.S. Gulf Coast contracts. When hedges are dedesignated, any changes in fair value of the associated derivatives since the date of dedesignation are recognized in other (expense) income, net. Additionally, in the case that the hedged forecasted fuel consumption is not probable of occurring in the originally specified time period or within the following two months, the related accumulated other comprehensive gain or loss associated with the hedge is reclassified to other (expense) income, net immediately. We recorded a gain of $0.8 million during the quarter ended September 25, 2020 and $0.3 million during the nine months ended September 25, 2020 related to our dedesignated cash flow hedges in other (expense) income, net. Interest Rate Contracts We are exposed to fluctuations in variable interest rates on our results of operations and financial condition and we mitigate that exposure by entering into interest rate swaps. We entered into interest rate swaps in order to hedge the risk of the fluctuation on future interest payments related to our variable rate LIBOR-based borrowings through 2028. Gains or losses on interest rate swaps are recorded in other comprehensive (loss) income and will be subsequently reclassified into earnings as the interest expense on debt is recognized in earnings. At September 25, 2020, the notional value of interest rate contracts outstanding was $400.0 million, with $200.0 million maturing in 2024 and the remaining $200.0 million maturing in 2028. Refer to Note 8, “ Debt and Finance Lease Obligations. ” 13. Derivative Financial Instruments (continued) The following table reflects the fair values of derivative instruments, which are designated as level 2 in the fair value hierarchy, as of September 25, 2020 and December 27, 2019 (U.S. dollars in millions): Derivatives designated as hedging instruments (1) Foreign exchange contracts Bunker fuel swaps Interest rate swaps Total Balance Sheet location: September 25, December 27, September 25, December 27, September 25, December 27, September 25, December 27, Asset derivatives: Prepaid expenses and other current assets $ 1.3 $ 1.7 $ 0.4 $ — $ — $ — $ 1.7 $ 1.7 Total asset derivatives $ 1.3 $ 1.7 $ 0.4 $ — $ — $ — $ 1.7 $ 1.7 Liability derivatives: Accounts payable and accrued expenses $ 4.1 $ 0.7 $ 1.1 $ — $ — $ — $ 5.2 $ 0.7 Other noncurrent liabilities — — 0.9 — 55.1 30.3 56.0 30.3 Total liability derivatives $ 4.1 $ 0.7 $ 2.0 $ — $ 55.1 $ 30.3 $ 61.2 $ 31.0 (1) See Note 14, " Fair Value Measurements ", for fair value disclosures. At September 25, 2020, $0.7 million is included in prepaid expenses and other current assets, $0.1 million is included in other noncurrent assets, and $0.4 million is included in accounts payable and accrued expenses for the portions of our bunker fuel swap contracts which are no longer designated as hedging instruments. We expect that $3.7 million of the net fair value of designated and dedesignated hedges recognized as a net loss in accumulated other comprehensive loss will be transferred to earnings during the next 12 months and the remaining net loss of $55.5 million over a period of 8 years, along with the earnings effect of the related forecasted transactions. 13. Derivative Financial Instruments (continued) The following table reflects the effect of derivative instruments designated in hedging relationships on the Consolidated Statements of Operations for the quarters and nine months ended September 25, 2020 and September 27, 2019 (U.S. dollars in millions): Derivatives in cash flow hedging relationships Amount of gain (loss) recognized in other Location of (loss) gain reclassified Amount of gain (loss) reclassified from accumulated other comprehensive loss into income Quarter ended Quarter ended September 25, September 27, September 25, September 27, Foreign exchange contracts $ (1.8) $ 1.9 Net sales $ (3.6) $ 2.4 Foreign exchange contracts (0.2) — Cost of products sold (0.1) 0.5 Bunker fuel swaps 0.9 — Cost of products sold 0.2 — Interest rate swaps, net of tax 1.4 (7.3) Interest expense (2.8) (0.6) Total $ 0.3 $ (5.4) Total $ (6.3) $ 2.3 Nine months ended Nine months ended September 25, September 27, September 25, September 27, Foreign exchange contracts $ (3.5) $ 3.0 Net sales $ (0.9) $ 4.9 Foreign exchange contracts (0.3) 0.7 Cost of products sold 0.4 1.1 Bunker fuel swaps (1.3) — Cost of products sold (1.0) — Interest rate swaps, net of tax (21.8) (28.7) Interest expense (6.3) (1.4) Total $ (26.9) $ (25.0) Total $ (7.8) $ 4.6

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 25, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	14. Fair Value Measurements (continued) The following table provides a summary of the fair values of our derivative financial instruments 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 Bunker fuel contracts, net liability (1) Interest rate contracts, net liability September 25, December 27, September 25, December 27, September 25, December 27, Quoted prices in active markets for identical assets (Level 1) $ — $ — $ — $ — $ — $ — Significant observable inputs (Level 2) (2.8) 1.0 (1.2) — (55.1) (30.3) Significant unobservable inputs (Level 3) — — — — — — (1) Includes both designated and dedesignated cash flow hedges. Refer to Note 13, “ Derivative Financial Instruments ”, for the balances of each. 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. 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 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 8, “ Debt and Finance Lease Obligations. ” Fair Value of Non-Financial Assets The fair value of the banana reporting unit's goodwill and the prepared food reporting unit's goodwill and 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 goodwill and remaining 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 27, 2019. In addition, certain definite-lived intangible assets related to our fresh and value-added products segment are sensitive to changes in estimated cash flows. To the extent that future developments result in estimated cash flows that are less than currently estimated levels, it could lead to impairment of these assets. 14. Fair Value Measurements (continued) During the nine months ended September 25, 2020, we performed a comprehensive review of our asset portfolio aimed at identifying non-strategic assets to dispose of while driving further efficiencies in our operations. As a result of the review, we identified certain property, plant, and equipment across various of our regions which we intend to sell over the next 12 months and which met the held for sale criteria as of September 25, 2020. These assets primarily relate to our fresh and value-added products segment. Included in the $35.4 million of assets held for sale as of September 25, 2020 were the following: $19.2 million consists of facilities and related assets in the Middle East and the United States, $7.3 million is related to vacant land located in the Kingdom of Saudi Arabia and Mexico, $4.7 million consists of an office, farm land and associated assets in Chile, $3.4 million consists of farm land and associated assets in Asia and Central America, and the remaining $0.8 million relates to a refrigerated vessel. These assets are recognized at the lower of cost or fair value less cost to sell. During nine months ended September 25, 2020, we received proceeds of $2.1 million from the sale of surplus land in Chile and recorded a gain on disposal of property, plant and equipment, net of $1.7 million. Subsequent to the quarter ended September 25, 2020 and in connection with our ongoing asset optimization efforts, we finalized a transaction to sell a Middle East facility and related assets reflected in assets held for sale for a total purchase price of $15.4 million. Pursuant to the terms of the agreement, we received cash proceeds of $7.1 million associated with the sale during the quarter ended September 25, 2020, with the remainder of the purchase price to be collected over a five-year term. The $7.1 million in proceeds is reflected as a liability within accounts payable and accrued expenses in our Consolidated Balance Sheet as of the quarter ended September 25, 2020. Contemporaneously with the closing of the sale, we entered into an operating lease agreement in which we leased back approximately 40% of the facility for a term of six years. During the first nine months of 2019, we recorded a $2.9 million impairment related to an equity investment. The fair value of this asset is classified as Level 3 in the fair value hierarchy due to the mix of unobservable inputs utilized. During the second quarter of 2019, we sold the equity investment.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 25, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Loss The following table includes the changes in accumulated other comprehensive loss by component under the ASC on “ Comprehensive Income ” (U.S. dollars in millions): Changes in Accumulated Other Comprehensive Loss by Component (1) Nine months ended September 25, 2020 Changes in Fair Value of Cash Flow Hedges Foreign Currency Translation Adjustment Retirement Benefit Adjustment Total Balance at December 27, 2019 $ (25.5) $ (15.8) $ (24.1) $ (65.4) Other comprehensive (loss) income (35.1) (3) 2.5 (2) (0.5) (33.1) Amounts reclassified from accumulated 8.2 (4) — 0.9 9.1 Net current period other comprehensive (26.9) 2.5 0.4 (24.0) Balance at September 25, 2020 $ (52.4) $ (13.3) $ (23.7) $ (89.4) Nine months ended September 27, 2019 Balance at December 28, 2018 $ (5.8) $ (14.9) $ (20.9) $ (41.6) Other comprehensive (loss) income (16.7) (3) (6.8) (2) — (23.5) Amounts reclassified from accumulated (4.6) — 0.4 (4.2) Net current period other comprehensive (21.3) (6.8) 0.4 (27.7) Balance at September 27, 2019 $ (27.1) $ (21.7) $ (20.5) $ (69.3) (1) All amounts are net of tax and noncontrolling interest. (2) Includes a gain of $3.4 million and a loss of $0.7 million for the nine months ended September 25, 2020 and nine months ended September 27, 2019, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature. (3) Includes a tax effect of $3.2 million and $3.7 million for the nine months ended September 25, 2020 and nine months ended September 27, 2019, respectively. Additionally, includes the bunker fuel swap contracts entered into in the first quarter of 2020. Refer to Note 13, “ Derivative Financial Instruments ”, for further information on our derivatives. (4) Includes amounts reclassified for both designated and dedesignated cash flow hedges. Refer to the following table for the amounts of each. 15. Accumulated Other Comprehensive Loss (continued) The following table includes details about amounts reclassified from accumulated other comprehensive loss by component (U.S. dollars in millions): Amount reclassified from accumulated September 25, 2020 September 27, 2019 Details about accumulated other comprehensive loss components Quarter ended Nine months ended Quarter ended Nine months ended Affected line item in the statement where net income is presented Changes in fair value of cash flow hedges: Designated as hedging instruments: Foreign currency cash flow hedges $ 3.6 $ 0.9 $ (2.4) $ (4.9) Net sales Foreign currency cash flow hedges 0.1 (0.4) (0.5) (1.1) Cost of products sold Bunker fuel swaps (0.2) 1.0 — — Cost of products sold Interest rate swaps 2.8 6.3 0.6 1.4 Interest expense Bunker fuel swaps no longer designated as hedging instruments 0.3 0.3 — — Cost of products sold Bunker fuel swaps no longer designated as hedging instruments (0.3) 0.1 — — Other (expense) income, net Total $ 6.3 $ 8.2 $ (2.3) $ (4.6) Amortization of retirement benefits: Actuarial losses 0.3 0.9 0.1 0.4 Other (expense) income, net Total $ 0.3 $ 0.9 $ 0.1 $ 0.4

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 25, 2020
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 September 25, 2020, and 200,000,000 ordinary shares at $0.01 par value, of which 47,366,877 are issued and outstanding at September 25, 2020. On February 21, 2018, our Board of Directors approved a three Dividend activity is summarized as follows: Nine months ended September 25, 2020 September 27, 2019 Dividend Date Cash Dividend Declared, per Ordinary Share Dividend Date Cash Dividend Declared, per Ordinary Share September 4, 2020 $ 0.050 September 6, 2019 $ 0.060 June 5, 2020 0.050 March 27, 2020 0.100 We paid $9.6 million in dividends in the nine months ended September 25, 2020 and $2.9 million in dividends in the nine months ended September 27, 2019. Subsequent to the quarter ended September 25, 2020, there were no ordinary share repurchases. In addition, on October 27, 2020, our Board of Directors declared a quarterly cash dividend of ten cents $0.10 per share, payable on December 4, 2020 to shareholders of record on November 11, 2020.

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 25, 2020
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements New Accounting Pronouncements Adopted In April 2019, the FASB issued ASU 2019-04, Codification Improvements, Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments. This ASU provides amendments which affect the recognition and measurement of financial instruments, including derivatives and fair value hedges. We adopted this ASU on the first day of our 2020 fiscal year. The adoption of this ASU did not have a material impact on our consolidated financial statements. In November 2018, the FASB issued ASU 2018-18, Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606 . This ASU resolves the diversity in practice concerning the manner in which entities account for transactions based on their assessment of the economics of a collaborative arrangement. This ASU clarifies that certain transactions between collaborative arrangement participants should be accounted for as revenue when the collaborative arrangement participant is a customer and precludes recognizing as revenue consideration received from a collaborative arrangement if the participant is not a customer. We adopted this ASU on the first day of our 2020 fiscal year. The adoption of this ASU did not have a material impact on our consolidated financial statements. In October 2018, the FASB issued ASU 2018-17, Targeted Improvements to Related Party Guidance for Variable Interest Entities . This ASU provides that indirect interests held through related parties in common control arrangements should be considered on a proportional basis for determining whether fees paid to decision makers and service providers are variable interests. We adopted this ASU on the first day of our 2020 fiscal year. The adoption of this ASU did not have a material impact on our consolidated financial statements. In September 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40), Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. This ASU requires implementation costs incurred by customers in cloud computing arrangements (i.e., hosting arrangements) to be capitalized under the same premises of authoritative guidance for internal-use software and deferred over the non-cancellable term of the cloud computing arrangements plus any option renewal periods that are reasonably certain to be exercised by the customer or for which the exercise is controlled by the service provider. We adopted this ASU prospectively on the first day of our 2020 fiscal year. The adoption of this ASU did not have a material impact on our consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurements. This ASU includes additional disclosure requirements for recurring Level 3 fair value measurements, including disclosure of changes in unrealized gains and losses for the period included in other comprehensive (loss) income, disclosure of the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements and a narrative description of measurement uncertainty related to Level 3 measurements. We adopted this ASU on the first day of our 2020 fiscal year. The adoption of this ASU did not have a material impact on our consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Measurement of Credit Losses on Financial Instruments, and subsequent amendments to the guidance, ASU 2018-19 in November 2018 and ASU 2019-05 in May 2019 including codification improvements to Topic 326 in ASU 2019-04. The standard significantly changes how entities measure credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The standard replaces the previous “incurred loss” approach with an “expected loss” model for instruments measured at amortized cost, generally resulting in the earlier recognition of credit losses in the financial statements. The amendment affects loans, debt securities, trade receivables, net investments in leases, off balance sheet credit exposures, reinsurance receivables, and any other financial assets not excluded from the scope that have the contractual right to receive cash. We adopted this standard on the first day of our 2020 fiscal year using a modified-retrospective approach, and recorded a $1.2 million cumulative-effect adjustment to the opening balance of retained earnings in connection with the adoption. As a result, the consolidated financial statements for 2020 are presented under the new standard, while the comparative prior year period is not adjusted and continues to be reported in accordance with our historical accounting policy. The adoption of this standard did not have a material impact on our consolidated financial statements. See Note 5. " Allowance for Credit Losses " for additional information. 2. Recently Issued Accounting Pronouncements (continued) New Accounting Pronouncements Not Yet Adopted In March 2020, FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting . The ASU provides optional guidance to companies to ease the potential burden associated with transitioning away from reference rates that are expected to be discontinued. The new guidance provides optional expedients and exceptions to apply generally accepted accounting principles to contract modifications and hedging relationships, subject to certain criteria, that reference LIBOR or another reference rate expected to be discontinued. Companies can adopt the ASU immediately, however the guidance will only be available through December 31, 2022. We are currently evaluating this ASU and its impact on our consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815)- Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 . The amendments in this update clarify certain interactions between the guidance to account for certain equity securities under Topic 321, the guidance to account for investments under the equity method of accounting in Topic 323, and the guidance in Topic 815, which could change how an entity accounts for an equity security under the measurement alternative or a forward contract or purchased option to purchase securities that, upon settlement of the forward contract or exercise of the purchased option, would be accounted for under the equity method of accounting or the fair value option in accordance with Topic 825, Financial Instruments. This ASU will be effective for us beginning the first day of our 2021 fiscal year. We are evaluating the impact of the 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 consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes . The ASU introduces new guidance to evaluate whether a step-up in tax basis of goodwill relates to a business combination in which book goodwill was recognized or a separate transaction, and also provides a policy election to not allocate consolidated income taxes when a member of a consolidated tax return is not subject to income tax. The ASU also makes changes to the current guidance for making intraperiod allocations and determining when a deferred tax liability is recognized after an investor in a foreign entity transitions to or from the equity method of accounting, among other changes. This ASU will be effective for us beginning the first day of our 2021 fiscal year. We are evaluating the impact of the 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 consolidated financial statements. In August 2018, the FASB issued ASU 2018-14 , Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20) . This ASU amends Accounting Standards Codification (ASC) 715 to add additional disclosures, remove certain disclosures that are not considered cost beneficial and to clarify certain required disclosures. Early adoption is permitted. This ASU is effective for fiscal years ending after December 15, 2020. We are evaluating the impact of the adoption of this ASU on our financial statement disclosures.

Asset Impairment and Other Ch_2

Asset Impairment and Other Charges, Net (Tables)	9 Months Ended
	Sep. 25, 2020
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 (credits) charges, net recorded during the quarters and nine months ended September 25, 2020 and September 27, 2019 (U.S. dollars in millions): Quarter ended Nine months ended September 25, 2020 September 25, 2020 Long-lived Exit activity and other Total Long-lived Exit activity and other Total Banana segment: California Air Resource Board settlement (1) $ — $ — $ — $ — $ 1.3 $ 1.3 Philippine asset impairment of low-yield areas 0.1 — 0.1 0.8 — 0.8 Fresh and value-added products segment: California Air Resource Board settlement (1) — — — — 0.7 0.7 Impairment of production facilities (2) — — — 2.1 — 2.1 Insurance recovery related to product recall (3) — (4.4) (4.4) — (10.4) (10.4) North America reorganization charges (4) — 0.8 0.8 — 1.5 1.5 Other fresh and value-added products segment charges — — — — 0.2 0.2 Total asset impairment and other (credits) charges, net $ 0.1 $ (3.6) $ (3.5) $ 2.9 $ (6.7) $ (3.8) Quarter ended Nine months ended September 27, 2019 September 27, 2019 Long-lived Exit activity and other Total Long-lived Exit activity and other Total Banana segment: Philippine asset impairment of low-yield areas $ 4.7 $ — $ 4.7 $ 4.7 $ — $ 4.7 Philippine exit activities of certain low-yield areas — — — — 0.5 0.5 Fresh and value-added products Impairment of equity investment (5) — — — 2.9 — 2.9 Other fresh and value-added products segment charges — — — 0.4 — 0.4 Total asset impairment and other (credits) charges, net $ 4.7 $ — $ 4.7 $ 8.0 $ 0.5 $ 8.5 (1) $2.0 million charge for the nine months ended September 25, 2020 relating to a settlement with the California Air Resource Board. This charge relates to both our banana and fresh and value-added products segments. Refer to Note 9. " Commitments and Contingencies " for further information regarding this matter. (2) $2.1 million asset impairment charges for the nine months ended September 25, 2020 related to impairment of production facilities in North America and Europe. 3. Asset Impairment and Other (Credits) Charges, Net (continued) (3) $(10.4) million insurance recovery for the nine months ended September 25, 2020 related to a voluntary recall of vegetable products in North America which was announced in the fourth quarter of 2019. (4) $1.5 million charge for the nine months ended September 25, 2020 related to severance expenses incurred in connection with the reorganization of our sales and marketing function in North America. (5) $2.9 million impairment of equity investment for the nine months ended September 27, 2019 related to our 10% equity ownership interest in Three Limes, Inc., d/b/a The Purple Carrot.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 25, 2020
Receivables [Abstract]
Rllforward of Trade Receivable Allowance for Credit Losses	The table below presents a rollforward of our trade receivable allowance for credit losses for the nine months ended September 25, 2020. Nine months ended Trade Receivables September 25, Allowance for credit losses: Balance, beginning of period (1) $ 8.9 Provision for uncollectible amounts (2) 1.2 Deductions to allowance related to write-offs — Recoveries of amounts previously written off — Balance, end of period $ 10.1 (1) Beginning balance includes $1.0 million increase reflecting the impact of our adoption of ASC 326 on the first day of fiscal 2020. See Note 2. " Recently Issued Accounting Pronouncements " for additional information.
Financing receivables including the related allowance for doubtful accounts	The following table details the advances to growers and suppliers based on their credit risk profile (U.S. dollars in millions): September 25, 2020 December 27, 2019 Current Past-Due Current Past-Due Gross advances to growers and suppliers $ 34.0 $ 4.8 $ 33.8 $ 8.3
Allowance for doubtful accounts and related financing receivables	The allowance for advances to growers and suppliers and the related financing receivables for the nine months ended September 25, 2020 and September 27, 2019 were as follows (U.S. dollars in millions): Nine months ended September 25, September 27, Allowance for advances to growers and suppliers: Balance, beginning of period (1) $ 2.3 $ 2.8 Provision for uncollectible amounts (0.1) — Deductions to allowance related to write-offs (0.1) — Balance, end of period $ 2.1 $ 2.8 (1) Beginning balance includes $0.2 million increase reflecting the impact of our adoption of ASC 326 on the first day of fiscal 2020. See Note 2. " Recently Issued Accounting Pronouncements " for additional information.

Share-Based Compensation (Table

Share-Based Compensation (Tables)	9 Months Ended
	Sep. 25, 2020
Share-based Payment Arrangement, Noncash Expense [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 Operations and is comprised as follows (U.S. dollars in millions): Quarter ended Nine months ended September 25, September 27, September 25, September 27, RSUs/PSUs $ 1.6 $ 0.9 $ 5.9 $ 6.0 RSAs — — 0.3 1.0 Total $ 1.6 $ 0.9 $ 6.2 $ 7.0
Restricted stock awards and related compensation expense	The following table lists RSAs awarded under the 2014 plan for the nine months ended September 25, 2020 and September 27, 2019: Date of award Shares of Price per share For the nine months ended September 25, 2020 April 10, 2020 235 $ 32.00 January 2, 2020 7,374 34.42 For the nine months ended September 27, 2019 May 1, 2019 2,830 29.44 January 2, 2019 30,891 28.32
RSU and PSUs awarded	The following table lists the various RSUs and PSUs awarded under the 2014 Plan for the nine months ended September 25, 2020 and September 27, 2019: Date of Award Type of award Units awarded Price per share For the nine months ended September 25, 2020 April 28, 2020 RSU 21,348 $ 35.13 March 30, 2020 RSU 2,500 29.61 March 23, 2020 RSU 2,500 33.53 March 2, 2020 PSU 86,954 28.74 March 2, 2020 RSU 161,093 28.74 For the nine months ended September 27, 2019 July 31, 2019 PSU 4,250 30.33 March 25, 2019 RSU 5,000 26.55 February 20, 2019 PSU 85,000 27.71 February 20, 2019 RSU 133,750 27.71

Inventories, net (Tables)

Inventories, net (Tables)	9 Months Ended
	Sep. 25, 2020
Inventory Disclosure [Abstract]
Schedule of inventory	Inventories consisted of the following (U.S. dollars in millions): September 25, December 27, 2019 Finished goods $ 180.3 $ 203.5 Raw materials and packaging supplies 152.8 155.8 Growing crops 167.4 192.5 Total inventories, net $ 500.5 $ 551.8

Debt and Finance Lease Obliga_2

Debt and Finance Lease Obligations (Tables)	9 Months Ended
	Sep. 25, 2020
Long-term Debt and Lease Obligation [Abstract]
Schedule of long-term debt and finance lease obligation	The following is a summary of long-term debt and finance lease obligations (U.S. dollars in millions): September 25, December 27, Senior unsecured revolving credit facility (see Credit Facility below) $ 510.7 $ 586.6 Finance lease obligations 0.4 0.5 Total debt and finance lease obligations 511.1 587.1 Less: Current maturities (0.3) (0.3) Long-term debt and finance lease obligations $ 510.8 $ 586.8
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 September 25, 2020 (U.S. dollars in millions): Term Maturity Interest rate Borrowing Available Bank of America credit facility 5 years October 1, 2024 1.56% $ 1,100.0 $ 589.3 Rabobank letter of credit facility 364 days June 16, 2021 Varies 25.0 13.4 Other working capital facilities Varies Varies Varies 20.2 9.7 $ 1,145.2 $ 612.4

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 25, 2020
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 Nine months ended September 25, September 27, September 25, September 27, Numerator: Net income attributable to Fresh Del Monte Produce Inc. $ 17.4 $ 18.1 $ 48.3 $ 92.3 Denominator: Weighted average number of ordinary shares - Basic 47,355,918 48,069,733 47,641,712 48,383,625 Effect of dilutive securities - share-based awards 71,805 47,256 90,035 100,137 Weighted average number of ordinary shares - Diluted 47,427,723 48,116,989 47,731,747 48,483,762 Antidilutive awards (1) 209,405 218,241 209,405 218,241 Net income per ordinary share attributable to Fresh Del Monte Produce Inc.: Basic $ 0.37 $ 0.38 $ 1.01 $ 1.91 Diluted $ 0.37 $ 0.38 $ 1.01 $ 1.90 (1) Certain unvested RSUs and PSUs are not included in the calculation of net income per ordinary share because the effect would have been antidilutive.

Retirement and Other Employee_2

Retirement and Other Employee Benefits (Tables)	9 Months Ended
	Sep. 25, 2020
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 defined benefit pension plans and post-retirement benefit plans (U.S. dollars in millions): Quarter ended Nine months ended September 25, September 27, September 25, September 27, Service cost $ 1.6 $ 1.4 $ 4.8 $ 4.1 Interest cost 1.5 1.7 4.4 5.1 Expected return on assets (0.6) (0.8) (1.8) (2.4) Amortization of net actuarial loss 0.3 0.1 0.9 0.4 Net periodic benefit costs $ 2.8 $ 2.4 $ 8.3 $ 7.2

Business Segment Data (Tables)

Business Segment Data (Tables)	9 Months Ended
	Sep. 25, 2020
Segment Reporting [Abstract]
Net sales and gross profit by product	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 September 25, 2020 September 27, 2019 Segments: Net Sales Gross Profit Net Sales Gross Profit Fresh and value-added products $ 600.6 $ 54.2 $ 652.9 $ 53.3 Banana 361.8 10.8 385.8 18.6 Other products and services 27.3 2.3 31.5 4.3 Totals $ 989.7 $ 67.3 $ 1,070.2 $ 76.2 Nine months ended September 25, 2020 September 27, 2019 Segments: Net Sales Gross Profit Net Sales Gross Profit Fresh and value-added products $ 1,897.8 $ 133.8 $ 2,107.2 $ 172.3 Banana 1,218.4 74.3 1,257.3 90.2 Other products and services 83.8 6.4 99.3 6.4 Totals $ 3,200.0 $ 214.5 $ 3,463.8 $ 268.9
Net sales by geographic region	Quarter ended Nine months ended Net Sales by geographic region: September 25, September 27, September 25, September 27, North America $ 619.4 $ 720.8 $ 1,992.0 $ 2,286.4 Europe 150.0 140.4 485.2 482.9 Asia 107.9 99.6 355.3 351.4 Middle East 102.7 103.4 329.3 310.5 Other 9.7 6.0 38.2 32.6 Totals $ 989.7 $ 1,070.2 $ 3,200.0 $ 3,463.8
Net sales by product	The following table indicates our net sales by product and the percentage of the total (U.S. dollars in millions): Quarter ended Nine months ended September 25, September 27, September 25, September 27, Fresh and value-added products: Fresh-cut fruit $ 130.4 13 % $ 144.5 13 % $ 358.6 11 % $ 408.2 12 % Fresh-cut vegetables 95.6 10 % 122.0 12 % 284.8 9 % 360.0 10 % Gold pineapples 115.9 12 % 102.0 10 % 331.9 10 % 339.4 10 % Avocados 76.5 8 % 98.0 9 % 263.5 8 % 311.6 9 % Non-tropical fruit 38.1 4 % 32.2 3 % 175.8 6 % 163.1 5 % Prepared foods 67.5 7 % 70.4 7 % 198.7 6 % 210.6 6 % Melons 2.9 — % 5.1 — % 66.8 2 % 74.8 2 % Tomatoes 8.6 1 % 12.2 1 % 32.4 1 % 41.1 1 % Vegetables 41.7 4 % 45.6 4 % 116.1 4 % 130.0 4 % Other fruit and vegetables 23.4 2 % 20.9 2 % 69.2 2 % 68.4 2 % Total fresh and value-added products 600.6 61 % 652.9 61 % 1,897.8 59 % 2,107.2 61 % Banana 361.8 36 % 385.8 36 % 1,218.4 38 % 1,257.3 36 % Other products and services 27.3 3 % 31.5 3 % 83.8 3 % 99.3 3 % Totals $ 989.7 100 % $ 1,070.2 100 % $ 3,200.0 100 % $ 3,463.8 100 %

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 25, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding forward contracts	We had the following outstanding foreign currency forward contracts as of September 25, 2020 (in millions): Foreign currency contracts qualifying as cash flow hedges: Notional amount Euro EUR 105.8 British pound GBP 16.4 Japanese yen JPY 2,749.0 Korean won KRW 10,465.0 We had the following outstanding bunker fuel swap contracts as of September 25, 2020: Bunker fuel swap contracts: Notional amount 0.5% U.S. Gulf Coast (1) 174,161 barrels 3% U.S. Gulf Coast (1) 90,116 metric tons 0.5% Singapore 42,111 metric tons (1) During the nine months ended September 25, 2020, we dedesignated portions of our bunker fuel cash flow hedges due to decreases in our forecasted fuel consumption for certain fuel types which was partially driven by the delay of the receipt of three of our six new refrigerated container vessels due to the COVID-19 pandemic. The notional amounts which were dedesignated consisted of 133,855 barrels of fuel related to our 0.5% U.S. Gulf Coast contracts and 63,753 metric tons of fuel related to our 3% U.S. Gulf Coast contracts. When hedges are dedesignated, any changes in fair value of the associated derivatives since the date of dedesignation are recognized in other (expense) income, net. Additionally, in the case that the hedged forecasted fuel consumption is not probable of occurring in the originally specified time period or within the following two months, the related accumulated other comprehensive gain or loss associated with the hedge is reclassified to other (expense) income, net immediately. We recorded a gain of $0.8 million during the quarter ended September 25, 2020 and $0.3 million during the nine months ended September 25, 2020 related to our dedesignated cash flow hedges in other (expense) income, net.
Fair values of derivative instruments	The following table reflects the fair values of derivative instruments, which are designated as level 2 in the fair value hierarchy, as of September 25, 2020 and December 27, 2019 (U.S. dollars in millions): Derivatives designated as hedging instruments (1) Foreign exchange contracts Bunker fuel swaps Interest rate swaps Total Balance Sheet location: September 25, December 27, September 25, December 27, September 25, December 27, September 25, December 27, Asset derivatives: Prepaid expenses and other current assets $ 1.3 $ 1.7 $ 0.4 $ — $ — $ — $ 1.7 $ 1.7 Total asset derivatives $ 1.3 $ 1.7 $ 0.4 $ — $ — $ — $ 1.7 $ 1.7 Liability derivatives: Accounts payable and accrued expenses $ 4.1 $ 0.7 $ 1.1 $ — $ — $ — $ 5.2 $ 0.7 Other noncurrent liabilities — — 0.9 — 55.1 30.3 56.0 30.3 Total liability derivatives $ 4.1 $ 0.7 $ 2.0 $ — $ 55.1 $ 30.3 $ 61.2 $ 31.0 (1) See Note 14, " Fair Value Measurements ", for fair value disclosures.
Effect of derivative instruments on Consolidated Statements of Income	The following table reflects the effect of derivative instruments designated in hedging relationships on the Consolidated Statements of Operations for the quarters and nine months ended September 25, 2020 and September 27, 2019 (U.S. dollars in millions): Derivatives in cash flow hedging relationships Amount of gain (loss) recognized in other Location of (loss) gain reclassified Amount of gain (loss) reclassified from accumulated other comprehensive loss into income Quarter ended Quarter ended September 25, September 27, September 25, September 27, Foreign exchange contracts $ (1.8) $ 1.9 Net sales $ (3.6) $ 2.4 Foreign exchange contracts (0.2) — Cost of products sold (0.1) 0.5 Bunker fuel swaps 0.9 — Cost of products sold 0.2 — Interest rate swaps, net of tax 1.4 (7.3) Interest expense (2.8) (0.6) Total $ 0.3 $ (5.4) Total $ (6.3) $ 2.3 Nine months ended Nine months ended September 25, September 27, September 25, September 27, Foreign exchange contracts $ (3.5) $ 3.0 Net sales $ (0.9) $ 4.9 Foreign exchange contracts (0.3) 0.7 Cost of products sold 0.4 1.1 Bunker fuel swaps (1.3) — Cost of products sold (1.0) — Interest rate swaps, net of tax (21.8) (28.7) Interest expense (6.3) (1.4) Total $ (26.9) $ (25.0) Total $ (7.8) $ 4.6

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 25, 2020
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 our derivative financial instruments 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 Bunker fuel contracts, net liability (1) Interest rate contracts, net liability September 25, December 27, September 25, December 27, September 25, December 27, Quoted prices in active markets for identical assets (Level 1) $ — $ — $ — $ — $ — $ — Significant observable inputs (Level 2) (2.8) 1.0 (1.2) — (55.1) (30.3) Significant unobservable inputs (Level 3) — — — — — — (1) Includes both designated and dedesignated cash flow hedges. Refer to Note 13, “ Derivative Financial Instruments ”, for the balances of each.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 25, 2020
Equity [Abstract]
Schedule of accumulated other comprehensive income (loss)	The following table includes the changes in accumulated other comprehensive loss by component under the ASC on “ Comprehensive Income ” (U.S. dollars in millions): Changes in Accumulated Other Comprehensive Loss by Component (1) Nine months ended September 25, 2020 Changes in Fair Value of Cash Flow Hedges Foreign Currency Translation Adjustment Retirement Benefit Adjustment Total Balance at December 27, 2019 $ (25.5) $ (15.8) $ (24.1) $ (65.4) Other comprehensive (loss) income (35.1) (3) 2.5 (2) (0.5) (33.1) Amounts reclassified from accumulated 8.2 (4) — 0.9 9.1 Net current period other comprehensive (26.9) 2.5 0.4 (24.0) Balance at September 25, 2020 $ (52.4) $ (13.3) $ (23.7) $ (89.4) Nine months ended September 27, 2019 Balance at December 28, 2018 $ (5.8) $ (14.9) $ (20.9) $ (41.6) Other comprehensive (loss) income (16.7) (3) (6.8) (2) — (23.5) Amounts reclassified from accumulated (4.6) — 0.4 (4.2) Net current period other comprehensive (21.3) (6.8) 0.4 (27.7) Balance at September 27, 2019 $ (27.1) $ (21.7) $ (20.5) $ (69.3) (1) All amounts are net of tax and noncontrolling interest. (2) Includes a gain of $3.4 million and a loss of $0.7 million for the nine months ended September 25, 2020 and nine months ended September 27, 2019, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature. (3) Includes a tax effect of $3.2 million and $3.7 million for the nine months ended September 25, 2020 and nine months ended September 27, 2019, respectively. Additionally, includes the bunker fuel swap contracts entered into in the first quarter of 2020. Refer to Note 13, “ Derivative Financial Instruments ”, for further information on our derivatives. (4) Includes amounts reclassified for both designated and dedesignated cash flow hedges. Refer to the following table for the amounts of each.
Amounts reclassified from accumulated other comprehensive (loss) income	The following table includes details about amounts reclassified from accumulated other comprehensive loss by component (U.S. dollars in millions): Amount reclassified from accumulated September 25, 2020 September 27, 2019 Details about accumulated other comprehensive loss components Quarter ended Nine months ended Quarter ended Nine months ended Affected line item in the statement where net income is presented Changes in fair value of cash flow hedges: Designated as hedging instruments: Foreign currency cash flow hedges $ 3.6 $ 0.9 $ (2.4) $ (4.9) Net sales Foreign currency cash flow hedges 0.1 (0.4) (0.5) (1.1) Cost of products sold Bunker fuel swaps (0.2) 1.0 — — Cost of products sold Interest rate swaps 2.8 6.3 0.6 1.4 Interest expense Bunker fuel swaps no longer designated as hedging instruments 0.3 0.3 — — Cost of products sold Bunker fuel swaps no longer designated as hedging instruments (0.3) 0.1 — — Other (expense) income, net Total $ 6.3 $ 8.2 $ (2.3) $ (4.6) Amortization of retirement benefits: Actuarial losses 0.3 0.9 0.1 0.4 Other (expense) income, net Total $ 0.3 $ 0.9 $ 0.1 $ 0.4

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Sep. 25, 2020
Stockholders' Equity Note [Abstract]
Schedule of dividend activity	: Nine months ended September 25, 2020 September 27, 2019 Dividend Date Cash Dividend Declared, per Ordinary Share Dividend Date Cash Dividend Declared, per Ordinary Share September 4, 2020 $ 0.050 September 6, 2019 $ 0.060 June 5, 2020 0.050 March 27, 2020 0.100

General General (Details)

General General (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019	Dec. 27, 2019
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Gross profit	$ 67.3	$ 76.2	$ 214.5	$ 268.9
Restatement Adjustment [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Gross profit		$ 1.5		$ 4.6	$ 5.8

Recently Issued Accounting Pr_3

Recently Issued Accounting Pronouncements (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019	Jun. 26, 2020	Mar. 27, 2020	Dec. 27, 2019	Jun. 28, 2019	Mar. 29, 2019	Dec. 28, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect	$ (1,741.4)		$ (1,741.4)				$ (1,743.7)
Restructuring, Settlement and Impairment Provisions	(3.5)	$ 4.7	(3.8)	$ 8.5
Non-compliance with regulations
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Restructuring, Settlement and Impairment Provisions			2
Non-compliance with regulations | Banana
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Restructuring, Settlement and Impairment Provisions	0		1.3
Fresh Del Monte Produce Inc. Shareholders' Equity
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect	$ (1,718.1)	$ (1,741)	$ (1,718.1)	$ (1,741)	$ (1,695.2)	$ (1,686.5)	(1,719.2)	$ (1,743.4)	$ (1,724.5)	$ (1,692)
Fresh Del Monte Produce Inc. Shareholders' Equity | Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect							$ 1.2			$ 3

Asset Impairment and Other Ch_3

Asset Impairment and Other Charges, Net - Asset Impairment and Exit Activity Charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	$ 0.1	$ 4.7	$ 2.9	$ 8
Exit activity and other (credits) charges	(3.6)	0	(6.7)	0.5
Total	(3.5)	$ 4.7	(3.8)	$ 8.5
The Purple Carrot
Schedule of Asset Impairment and Other Charges [Line Items]
Percentage of voting interests acquired		10.00%		10.00%
Non-compliance with regulations
Schedule of Asset Impairment and Other Charges [Line Items]
Total			2
Exit activities of certain low-yield areas | Philippines
Schedule of Asset Impairment and Other Charges [Line Items]
Exit activity and other (credits) charges				$ 0.5
Total				0.5
Banana | Non-compliance with regulations
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	0		0
Exit activity and other (credits) charges	0		1.3
Total	0		1.3
Banana | Exit activities of certain low-yield areas | Philippines
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	0.1	$ 4.7	0.8	4.7
Exit activity and other (credits) charges	0	0	0
Total	0.1	4.7	0.8	4.7
Fresh and value-added products
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	0	0	2.1	0.4
Exit activity and other (credits) charges	0	0		0
Total	0	0	2.1	0.4
Fresh and value-added products | Impairment of Leasehold Improvements [Member]
Schedule of Asset Impairment and Other Charges [Line Items]
Total				2.9
Fresh and value-added products | Non-compliance with regulations
Schedule of Asset Impairment and Other Charges [Line Items]
Exit activity and other (credits) charges	0		0.7
Total	0		0.7
Fresh and value-added products | Vegetable Product Recall [Member]
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	0		0
Restructuring Charges (Credits)			10.4
Fresh and value-added products | Impairment of equity investment
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment		0		2.9
Exit activity and other (credits) charges		$ 0		0
Total				2.9
Fresh and value-added products | Employee Severance
Schedule of Asset Impairment and Other Charges [Line Items]
Long-lived and other asset impairment	0		0
Exit activity and other (credits) charges	0.8		1.5
Total	0.8		1.5
Fresh and value-added products | Environmental Restoration Costs
Schedule of Asset Impairment and Other Charges [Line Items]
Exit activity and other (credits) charges			0.2
Total			0.2
Insurance Settlement [Member] | Fresh and value-added products | Vegetable Product Recall [Member]
Schedule of Asset Impairment and Other Charges [Line Items]
Exit activity and other (credits) charges	(4.4)		$ (10.4)
Total	$ (4.4)			$ (10.4)

Asset Impairment and Other Ch_4

Asset Impairment and Other Charges, Net - Exit Activity and Other Reserves (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019
Restructuring Reserve [Roll Forward]
Impact to earnings	$ (3.6)	$ 0	$ (6.7)	$ 0.5

Income Taxes (Details)

Income Taxes (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020USD ($)	Sep. 27, 2019USD ($)	Sep. 25, 2020USD ($)jurisdiction	Sep. 27, 2019USD ($)
Income Taxes [Line Items]
Provision for income taxes	$ 4.9	$ 2.9	$ 9.4	$ 20
Income Tax Examination, Increase (Decrease) in Liability from Prior Year	(10.6)		(10.6)
Income Tax (Expense) Benefit, Continuing Operations, Government Grants			1.7
Restructuring, Settlement and Impairment Provisions	(3.5)	4.7	(3.8)	8.5
Fresh and value-added products
Income Taxes [Line Items]
Restructuring, Settlement and Impairment Provisions	$ 0	$ 0	$ 2.1	0.4
Equity Method Investments [Member] | Fresh and value-added products
Income Taxes [Line Items]
Restructuring, Settlement and Impairment Provisions				$ 2.9
Foreign tax authority
Income Taxes [Line Items]
Number of jurisdictions under examination | jurisdiction			2
Income tax examination, estimate of tax deficiencies			$ 145.8

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 25, 2020	Dec. 27, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for Other Losses	$ 0.5
Accounts Receivable, after Allowance for Credit Loss, Current	341.4	$ 363.9
Accounts Receivable, Allowance for Credit Loss, Current	20.7	19.6
Accounts Receivable, Allowance for Credit Loss	10.1	8.9
Contract with Customer, Asset, Allowance for Credit Loss	$ 10.6
Accounting Standards Update 2016-13 [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Allowance for Credit Loss		$ 1
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Advances to growers, maximum term	1 year
Longer Term Advances to Growers | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Advances to growers, maximum term	4 years

Allowance for Credit Losses - A

Allowance for Credit Losses - Advances to Growers Along with the Related Allowance for Doubtful Accounts (Details) - USD ($) $ in Millions	Sep. 25, 2020	Dec. 27, 2019	Sep. 27, 2019	Dec. 28, 2018
Past-Due
Accounts Receivable, Allowance for Credit Loss	$ 10.1	$ 8.9
Accounting Standards Update 2016-13 [Member]
Past-Due
Accounts Receivable, Allowance for Credit Loss		1
Advances to Growers
Current Status
Gross advances to growers and suppliers	34	33.8
Past-Due
Gross advances to growers and suppliers	4.8	8.3
Financing Receivable, Allowance for Credit Loss	$ 2.1	2.3	$ 2.8	$ 2.8
Advances to Growers | Accounting Standards Update 2016-13 [Member]
Past-Due
Financing Receivable, Allowance for Credit Loss		$ 0.2

Allowance for Credit Losses -_2

Allowance for Credit Losses - Allowance for Doubtful Accounts and Related Financing Receivables (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Provision for uncollectible amounts	$ (1.2)
Advances to Growers
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period(1)	2.3	$ 2.8
Provision for uncollectible amounts	(0.1)	0
Deductions to allowance related to write-offs	(0.1)	0
Balance, end of period	$ 2.1	$ 2.8

Allowance for Credit Losses - R

Allowance for Credit Losses - Rollforward of Trade Receivable Allowance for Credit Losses (Details) $ in Millions	9 Months Ended
	Sep. 25, 2020USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period(1)	$ 8.9
Deductions to allowance related to write-offs	0
Recoveries of amounts previously written off	0
Balance, end of period	10.1
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for uncollectible amounts	1.2
Accounting Standards Update 2016-13 [Member]
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period(1)	$ 1

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from stock options exercised	$ 0	$ 1.1
2014 Omnibus Share Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued on contingent right to receive, per RSU or PSU	1
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) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (as a percent)	0.00%
Restricted Stock Units (RSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (as a percent)	100.00%
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%
Vesting rights percentage at each anniversaries	20.00%
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vest in equal installments	3 years
Immediate Vesting | RSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage at each anniversaries	50.00%
Six-month Anniversary Upon Ceasing to be Member of Board of Directors | RSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage at each anniversaries	50.00%
Award vesting period	6 months

Share-Based Compensation - Expe

Share-Based Compensation - Expenses (Details) - Selling, General and Administrative Expenses - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 1.6	$ 0.9	$ 6.2	$ 7
RSUs/PSUs
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	1.6	0.9	5.9	6
RSAs
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 0	$ 0	$ 0.3	$ 1

Share-Based Compensation - Awar

Share-Based Compensation - Awards Granted (Details) - 2014 Plan - $ / shares	Apr. 28, 2020	Apr. 10, 2020	Mar. 30, 2020	Mar. 23, 2020	Mar. 02, 2020	Jan. 02, 2020	Jul. 31, 2019	May 01, 2019	Mar. 25, 2019	Feb. 20, 2019	Jan. 02, 2019
RSAs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)		235				7,374		2,830			30,891
Price per share (usd per share)		$ 32				$ 34.42		$ 29.44			$ 28.32
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)	21,348		2,500	2,500	161,093				5,000	133,750
Price per share (usd per share)	$ 35.13		$ 29.61	$ 33.53	$ 28.74				$ 26.55	$ 27.71
Performance Stock Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)					86,954		4,250			85,000
Price per share (usd per share)					$ 28.74		$ 30.33			$ 27.71

Inventories, net (Details)

Inventories, net (Details) - USD ($) $ in Millions	Sep. 25, 2020	Dec. 27, 2019
Inventory Disclosure [Abstract]
Finished goods	$ 180.3	$ 203.5
Raw materials and packaging supplies	152.8	155.8
Growing crops	167.4	192.5
Total inventories, net	$ 500.5	$ 551.8

Debt and Finance Lease Obliga_3

Debt and Finance Lease Obligations - Schedule of Debt and Finance Lease Obligations (Details) - USD ($) $ in Millions	Sep. 25, 2020	Dec. 27, 2019
Long-term Debt and Lease Obligation [Abstract]
Senior unsecured revolving credit facility	$ 510.7	$ 586.6
Finance lease obligations	0.4	0.5
Total debt and finance lease obligations	511.1	587.1
Less: Current maturities	(0.3)	(0.3)
Long-term debt and finance lease obligations	$ 510.8	$ 586.8

Debt and Finance Lease Obliga_4

Debt and Finance Lease Obligations - Narrative (Details) - USD ($)	Jun. 16, 2020	Oct. 01, 2019	Sep. 25, 2020	Sep. 27, 2019	Dec. 27, 2019
Line of Credit Facility [Line Items]
Borrowing limit			$ 1,145,200,000
Dividends paid			(9,600,000)	$ (2,900,000)
Other Working Capital Facilities
Line of Credit Facility [Line Items]
Borrowing limit			20,200,000
Letters of credit and bank guarantees outstanding			$ 18,200,000
Revolving Credit Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Term			5 years
Borrowing limit		$ 1,100,000,000	$ 1,100,000,000
Line of Credit Facility, Increase (Decrease), Net		$ 300,000,000
Debt Instrument, Covenant Description		25 million
Line of Credit Facility, Capacity Available for Trade Purchases		$ 150,000,000
Revolving Credit Facility | Unsecured Debt | London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Basis spread on variable rate			1.375%
Revolving Credit Facility | Unsecured Debt | Other long-term receivables
Line of Credit Facility [Line Items]
Capitalized debt issuance costs			$ 2,000,000		$ 2,300,000
Rabobank Nederland
Line of Credit Facility [Line Items]
Term			364 days
Borrowing limit			$ 25,000,000
Expiration period	364 days
Amount outstanding	$ 25,000,000		$ 11,600,000
Minimum | Eurodollar [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		1.00%
Minimum | Base Rate [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		0.00%
Maximum
Line of Credit Facility [Line Items]
Debt Instrument, Covenant Description		50
Maximum | Eurodollar [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		1.50%
Maximum | Base Rate [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		0.50%
Maximum | Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt Instrument, Covenant Description		2.5
Maximum | Revolving Credit Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Debt Instrument, Covenant Description		3.25

Debt and Finance Lease Obliga_5

Debt and Finance Lease Obligations - Summary of Credit Facility (Details) - USD ($)	9 Months Ended
	Sep. 25, 2020	Oct. 01, 2019
Debt Instrument [Line Items]
Borrowing limit	$ 1,145,200,000
Available borrowings	612,400,000
Other Working Capital Facilities
Debt Instrument [Line Items]
Borrowing limit	20,200,000
Available borrowings	$ 9,700,000
Revolving Credit Facility | Unsecured Debt
Debt Instrument [Line Items]
Term	5 years
Interest rate	1.56%
Borrowing limit	$ 1,100,000,000	$ 1,100,000,000
Available borrowings	$ 589,300,000
Debt Instrument, Maturity Date, Description	October 1, 2024
Rabobank Nederland
Debt Instrument [Line Items]
Term	364 days
Borrowing limit	$ 25,000,000
Available borrowings	$ 13,400,000
Debt Instrument, Maturity Date, Description	June 16, 2021

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	Aug. 02, 2020USD ($)	Mar. 14, 2019USD ($)	Jan. 01, 2021USD ($)	Sep. 25, 2020USD ($)	Dec. 27, 2019USD ($)	Sep. 27, 2019USD ($)	Sep. 25, 2020USD ($)	Sep. 27, 2019USD ($)	Dec. 31, 1980subsidiary
Commitments and Contingencies Disclosure [Line Items]
Award from litigation settlement		$ 17
Gain on litigation settlement		16
Litigation expense		$ 1
Restructuring, Settlement and Impairment Provisions				$ (3.5)		$ 4.7	$ (3.8)	$ 8.5
Asset impairments				0.1		4.7	2.9	8
Estimated Litigation Liability, Current	$ 1
Non-compliance with regulations
Commitments and Contingencies Disclosure [Line Items]
Award from litigation settlement	2
Estimated Litigation Liability, Current	$ 1
Kunia Well Site
Commitments and Contingencies Disclosure [Line Items]
Number of plaintiffs | subsidiary									1
Kunia Well Site cleanup operation, undiscounted estimated remediation costs associated with the cleanup				13.2			13.2
Accrual for environmental loss contingencies, undiscounted, due within one year				0.4			0.4
Accrual for environmental loss contingencies, undiscounted, due in second year				1.1			1.1
Accrual for environmental loss contingencies, undiscounted, due in third year				0.9			0.9
Accrual for environmental loss contingencies, undiscounted, due in fourth year				0.9			0.9
Accrual for environmental loss contingencies, undiscounted, due in fifth year				0.9			0.9
Kunia Well Site | Other noncurrent liabilities
Commitments and Contingencies Disclosure [Line Items]
Kunia Well Site cleanup operation, accrual for the expected future clean-up costs				12.9			12.9
Kunia Well Site | Accounts payable and accrued expenses
Commitments and Contingencies Disclosure [Line Items]
Kunia Well Site cleanup operation, accrual for the expected future clean-up costs				0.3			0.3
Kunia Well Site | Minimum
Commitments and Contingencies Disclosure [Line Items]
Kunia Well Site cleanup operation, undiscounted estimated remediation costs associated with the cleanup				13.2			13.2
Kunia Well Site | Maximum
Commitments and Contingencies Disclosure [Line Items]
Kunia Well Site cleanup operation, undiscounted estimated remediation costs associated with the cleanup				28.7			28.7
Net Sales | Mann Packing
Commitments and Contingencies Disclosure [Line Items]
Loss Contingency, Loss in Period					$ 6
Cost of products sold | Mann Packing
Commitments and Contingencies Disclosure [Line Items]
Loss Contingency, Loss in Period					$ 4.4
Non-compliance with regulations
Commitments and Contingencies Disclosure [Line Items]
Restructuring, Settlement and Impairment Provisions							2
Fresh and value-added products
Commitments and Contingencies Disclosure [Line Items]
Restructuring, Settlement and Impairment Provisions				0		0	2.1	0.4
Asset impairments				0		$ 0	2.1	$ 0.4
Fresh and value-added products | Non-compliance with regulations
Commitments and Contingencies Disclosure [Line Items]
Restructuring, Settlement and Impairment Provisions				0			0.7
Fresh and value-added products | Vegetable Product Recall [Member]
Commitments and Contingencies Disclosure [Line Items]
Restructuring Charges (Credits)							10.4
Asset impairments				0			0
Fresh and value-added products | Vegetable Product Recall [Member] | Subsequent Event
Commitments and Contingencies Disclosure [Line Items]
Restructuring Charges (Credits)			$ 4.6
Banana | Non-compliance with regulations
Commitments and Contingencies Disclosure [Line Items]
Restructuring, Settlement and Impairment Provisions				0			1.3
Asset impairments				$ 0			$ 0

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019
Numerator:
Net income attributable to Fresh Del Monte Produce Inc.	$ 17.4	$ 18.1	$ 48.3	$ 92.3
Denominator:
Weighted average number of ordinary shares - Basic (shares)	47,355,918	48,069,733	47,641,712	48,383,625
Effect of dilutive securities - share-based employee options and awards (shares)	71,805	47,256	90,035	100,137
Weighted average number of ordinary shares - Diluted (shares)	47,427,723	48,116,989	47,731,747	48,483,762
Antidilutive awards (shares)	209,405	218,241	209,405	218,241
Net income per ordinary share attributable to Fresh Del Monte Produce Inc.:
Basic (usd per share)	$ 0.37	$ 0.38	$ 1.01	$ 1.91
Diluted (usd per share)	$ 0.37	$ 0.38	$ 1.01	$ 1.90

Retirement and Other Employee_3

Retirement and Other Employee Benefits (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019
Domestic Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1.6	$ 1.4	$ 4.8	$ 4.1
Interest cost	1.5	1.7	4.4	5.1
Expected return on assets	(0.6)	(0.8)	(1.8)	(2.4)
Amortization of net actuarial loss	0.3	0.1	0.9	0.4
Net periodic benefit costs	2.8	2.4	8.3	7.2
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit costs	$ 0.8	$ 0.7	$ 2.4	$ 2.2

Business Segment Data - Segment

Business Segment Data - Segment Reconciliations (Details) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 25, 2020USD ($)	Sep. 27, 2019USD ($)	Sep. 25, 2020USD ($)segment	Sep. 27, 2019USD ($)	Dec. 27, 2019USD ($)
Segment Reporting [Abstract]
Number of business segments | segment			2
Segment Reporting Information [Line Items]
Net sales	$ 989.7	$ 1,070.2	$ 3,200	$ 3,463.8
Gross profit	67.3	76.2	214.5	268.9
North America
Segment Reporting Information [Line Items]
Net sales	619.4	720.8	1,992	2,286.4
Europe
Segment Reporting Information [Line Items]
Net sales	150	140.4	485.2	482.9
Asia
Segment Reporting Information [Line Items]
Net sales	107.9	99.6	355.3	351.4
Middle East
Segment Reporting Information [Line Items]
Net sales	102.7	103.4	329.3	310.5
Other
Segment Reporting Information [Line Items]
Net sales	9.7	6	38.2	32.6
Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	600.6	652.9	1,897.8	2,107.2
Gross profit	54.2	53.3	133.8	172.3
Banana
Segment Reporting Information [Line Items]
Net sales	361.8	385.8	1,218.4	1,257.3
Gross profit	10.8	18.6	74.3	90.2
Other products and services
Segment Reporting Information [Line Items]
Net sales	27.3	31.5	83.8	99.3
Gross profit	$ 2.3	4.3	$ 6.4	6.4
Restatement Adjustment [Member]
Segment Reporting Information [Line Items]
Gross profit		1.5		4.6	$ 5.8
Restatement Adjustment [Member] | Banana
Segment Reporting Information [Line Items]
Gross profit		1.7		4.4	5.6
Selling, General and Administrative Expenses [Member] | Restatement Adjustment [Member] | Fresh and value-added products
Segment Reporting Information [Line Items]
Gross profit		1.1		3.3	4.2
Selling, General and Administrative Expenses [Member] | Restatement Adjustment [Member] | Banana
Segment Reporting Information [Line Items]
Gross profit		$ 0.4		$ 1.3	$ 1.6

Business Segment Data - Net Sal

Business Segment Data - Net Sales By Product (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019
Segment Reporting Information [Line Items]
Net sales	$ 989.7	$ 1,070.2	$ 3,200	$ 3,463.8
Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	600.6	652.9	1,897.8	2,107.2
Fresh and value-added products | Fresh-cut fruit
Segment Reporting Information [Line Items]
Net sales	130.4	144.5	358.6	408.2
Fresh and value-added products | Fresh-cut vegetables
Segment Reporting Information [Line Items]
Net sales	95.6	122	284.8	360
Fresh and value-added products | Gold pineapples
Segment Reporting Information [Line Items]
Net sales	115.9	102	331.9	339.4
Fresh and value-added products | Avocados
Segment Reporting Information [Line Items]
Net sales	76.5	98	263.5	311.6
Fresh and value-added products | Non-tropical fruit
Segment Reporting Information [Line Items]
Net sales	38.1	32.2	175.8	163.1
Fresh and value-added products | Prepared foods
Segment Reporting Information [Line Items]
Net sales	67.5	70.4	198.7	210.6
Fresh and value-added products | Melons
Segment Reporting Information [Line Items]
Net sales	2.9	5.1	66.8	74.8
Fresh and value-added products | Tomatoes
Segment Reporting Information [Line Items]
Net sales	8.6	12.2	32.4	41.1
Fresh and value-added products | Vegetables
Segment Reporting Information [Line Items]
Net sales	41.7	45.6	116.1	130
Fresh and value-added products | Other fruit and vegetables
Segment Reporting Information [Line Items]
Net sales	23.4	20.9	69.2	68.4
Banana
Segment Reporting Information [Line Items]
Net sales	361.8	385.8	1,218.4	1,257.3
Other products and services
Segment Reporting Information [Line Items]
Net sales	$ 27.3	$ 31.5	$ 83.8	$ 99.3
Sales | Product Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	100.00%	100.00%	100.00%	100.00%
Sales | Product Concentration Risk | Fresh and value-added products
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	61.00%	61.00%	59.00%	61.00%
Sales | Product Concentration Risk | Fresh and value-added products | Fresh-cut fruit
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	13.00%	13.00%	11.00%	12.00%
Sales | Product Concentration Risk | Fresh and value-added products | Fresh-cut vegetables
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	10.00%	12.00%	9.00%	10.00%
Sales | Product Concentration Risk | Fresh and value-added products | Gold pineapples
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	12.00%	10.00%	10.00%	10.00%
Sales | Product Concentration Risk | Fresh and value-added products | Avocados
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	8.00%	9.00%	8.00%	9.00%
Sales | Product Concentration Risk | Fresh and value-added products | Non-tropical fruit
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	4.00%	3.00%	6.00%	5.00%
Sales | Product Concentration Risk | Fresh and value-added products | Prepared foods
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	7.00%	7.00%	6.00%	6.00%
Sales | Product Concentration Risk | Fresh and value-added products | Melons
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	0.00%	0.00%	2.00%	2.00%
Sales | Product Concentration Risk | Fresh and value-added products | Tomatoes
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	1.00%	1.00%	1.00%	1.00%
Sales | Product Concentration Risk | Fresh and value-added products | Vegetables
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	4.00%	4.00%	4.00%	4.00%
Sales | Product Concentration Risk | Fresh and value-added products | Other fruit and vegetables
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	2.00%	2.00%	2.00%	2.00%
Sales | Product Concentration Risk | Banana
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	36.00%	36.00%	38.00%	36.00%
Sales | Product Concentration Risk | Other products and services
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	3.00%	3.00%	3.00%	3.00%

Derivative Financial Instrume_3

Derivative Financial Instruments - Outstanding Foreign Currency Forward Contracts that were Entered into to Hedge Forecasted Cash Flows (Details) € in Millions, ₩ in Millions, ¥ in Millions, £ in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020USD ($)	Sep. 27, 2019USD ($)	Sep. 25, 2020USD ($)	Sep. 27, 2019USD ($)	Sep. 25, 2020EUR (€)	Sep. 25, 2020GBP (£)	Sep. 25, 2020JPY (¥)	Sep. 25, 2020KRW (₩)	Sep. 25, 2020bbl	Sep. 25, 2020t
Derivative [Line Items]
Other (expense) income, net | $	$ (0.8)	$ (0.5)	$ (5.2)	$ 7.9
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Nonmonetary Notional Amount of Price Risk Cash Flow Hedge Derivatives									133,855	63,753
Fuel Hedges, 0.5% US Gulf Coast [Member]
Derivative [Line Items]
Nonmonetary Notional Amount of Price Risk Cash Flow Hedge Derivatives | bbl									174,161
Fuel Hedges, 0.5% US Gulf Coast [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Other (expense) income, net | $	$ 0.8		$ 0.3
Foreign exchange contracts
Derivative [Line Items]
Notional amount					€ 105.8	£ 16.4	¥ 2,749	₩ 10,465
Fuel Hedges, 3% US Gulf Coast [Member]
Derivative [Line Items]
Nonmonetary Notional Amount of Price Risk Cash Flow Hedge Derivatives | t										90,116
Fuel Hedges, 0.5% Singapore [Member]
Derivative [Line Items]
Nonmonetary Notional Amount of Price Risk Cash Flow Hedge Derivatives | t										42,111

Derivative Financial Instrume_4

Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019	Dec. 27, 2019
Derivative [Line Items]
Derivative, Net Liability Position, Aggregate Fair Value	$ 61.6		$ 61.6
Price Risk Derivative Liabilities, at Fair Value	2		2		$ 0
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			3.7
Cash Flow Hedge Gain (Loss) to be Reclassified during the next 8 years	(55.5)		(55.5)
Other (expense) income, net	(0.8)	$ (0.5)	$ (5.2)	$ 7.9
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer			8 years
Accounts payable and accrued expenses
Derivative [Line Items]
Price Risk Derivative Liabilities, at Fair Value	1.1		$ 1.1		0
Accounts payable and accrued expenses | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Price Risk Derivative Liabilities, at Fair Value	0.4		0.4
Other noncurrent liabilities
Derivative [Line Items]
Price Risk Derivative Liabilities, at Fair Value	0.9		0.9		$ 0
Prepaid expenses and other current assets | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Price Risk Derivative Liabilities, at Fair Value	0.7		0.7
Other noncurrent assets | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Price Risk Derivative Liabilities, at Fair Value	0.1		0.1
Interest Rate Contracts
Derivative [Line Items]
Notional amount	400		400
Interest Rate Contracts | 2024
Derivative [Line Items]
Notional amount	200		200
Interest Rate Contracts | 2028
Derivative [Line Items]
Notional amount	200		200
Fuel Hedges, 0.5% US Gulf Coast [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Other (expense) income, net	$ 0.8		$ 0.3

Derivative Financial Instrume_5

Derivative Financial Instruments - Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Sep. 25, 2020	Dec. 27, 2019
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, assets	$ 1.3	$ 1.7
Interest rate swaps, asset	0	0
Total	1.7	1.7
Foreign currency forward contracts, Liability	4.1	0.7
Price Risk Derivative Liabilities, at Fair Value	2	0
Price Risk Derivative Assets, at Fair Value	0.4	0
Interest rate swaps, liability	55.1	30.3
Total	61.2	31
Cash Flow Hedge Gain (Loss) to be Reclassified during the next 8 years	(55.5)
Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, assets	1.3	1.7
Interest rate swaps, asset	0	0
Total	1.7	1.7
Price Risk Derivative Assets, at Fair Value	0.4	0
Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, Liability	4.1	0.7
Price Risk Derivative Liabilities, at Fair Value	1.1	0
Interest rate swaps, liability	0	0
Total	5.2	0.7
Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, Liability	0	0
Price Risk Derivative Liabilities, at Fair Value	0.9	0
Interest rate swaps, liability	55.1	30.3
Total	$ 56	$ 30.3

Derivative Financial Instrume_6

Derivative Financial Instruments - Effect on Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive (loss) income on derivatives	$ 0.3	$ (5.4)	$ (26.9)	$ (25)
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income	(6.3)	2.3	(7.8)	4.6
Interest Rate Swap [Member] | Interest expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive (loss) income on derivatives	1.4	(7.3)	(21.8)	(28.7)
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income	(2.8)	(0.6)	(6.3)	(1.4)
Foreign exchange contracts | Net sales
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive (loss) income on derivatives	(1.8)	1.9	(3.5)	3
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income	(3.6)	2.4	(0.9)	4.9
Foreign exchange contracts | Cost of products sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive (loss) income on derivatives	(0.2)	0	(0.3)	0.7
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income	(0.1)	0.5	0.4	1.1
Price Risk Derivative | Cost of products sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain (loss) recognized in other comprehensive (loss) income on derivatives	0.9	0	(1.3)	0
Amount of gain (loss) reclassified from accumulated other comprehensive loss into income	$ 0.2	$ 0	$ (1)	$ 0

Fair Value Measurements - Recur

Fair Value Measurements - Recurring (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Dec. 27, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Price Risk Derivative Liabilities, at Fair Value	$ 2		$ 0
Proceeds from sales of property, plant and equipment	9.8	$ 48
Fair Value, Measurements, Recurring | 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
Price Risk Derivative Liabilities, at Fair Value	0		0
Interest rate contracts, net liability	0		0
Fair Value, Measurements, Recurring | 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	(2.8)		1
Price Risk Derivative Liabilities, at Fair Value	(1.2)		0
Interest rate contracts, net liability	(55.1)		(30.3)
Fair Value, Measurements, Recurring | 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
Price Risk Derivative Liabilities, at Fair Value	0		0
Interest rate contracts, net liability	$ 0		$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) $ in Millions	Oct. 28, 2020USD ($)	Sep. 25, 2020USD ($)	Sep. 27, 2019USD ($)	Sep. 25, 2020USD ($)	Sep. 27, 2019USD ($)	Dec. 27, 2019USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill		$ 423.6		$ 423.6		$ 423.7
Asset impairments		0.1	$ 4.7	2.9	$ 8
Gain (loss) on disposal of property, plant and equipment, net		(0.1)	6.9	1.5	16.1
Restructuring, Settlement and Impairment Provisions		(3.5)	4.7	(3.8)	8.5
Proceeds from sales of property, plant and equipment				9.8	48
Fresh and value-added products
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairments		0	0	2.1	0.4
Restructuring, Settlement and Impairment Provisions		0	0	2.1	0.4
Impairment of equity investment | Fresh and value-added products
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairments			$ 0		2.9
Restructuring, Settlement and Impairment Provisions					2.9
Impairment of Leasehold Improvements [Member] | Fresh and value-added products
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restructuring, Settlement and Impairment Provisions					$ 2.9
Property, Plant and Equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale related to discontinuance of different assets		35.4		35.4
CHILE
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from Sale of Property Held-for-sale				2.1
Gain (loss) on disposal of property, plant and equipment, net				1.7
CHILE | Property, Plant and Equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale related to discontinuance of different assets		4.7		4.7
Middle East | Accounts payable and accrued expenses
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from sales of property, plant and equipment		7.1
Middle East | Property, Plant and Equipment | Subsequent Event
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from sales of property, plant and equipment	$ 15.4
Sale Leaseback Transaction, Lease Terms	six years
Sale Leaseback Transaction, percentage leased	0.40
North America | Property, Plant and Equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale related to discontinuance of different assets		0.8		0.8
Middle East and United States | Property, Plant and Equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale related to discontinuance of different assets		19.2		19.2
Saudi Arabia and Mexico | Property, Plant and Equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale related to discontinuance of different assets		7.3		7.3
Asia and Central America [Member] | Property, Plant and Equipment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale related to discontinuance of different assets		$ 3.4		$ 3.4

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Changes in OCI (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	$ 1,743.7
Other comprehensive (loss) income, before reclassifications	(33.1)	$ (23.5)
Amounts reclassified from accumulated other comprehensive (loss) income	9.1	(4.2)
Net current period other comprehensive (loss) income	(24)	(27.7)
Balance, value	1,741.4
Foreign currency transaction and translation gain (loss)	(3.4)	0.7
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	3.2	3.7
Changes in Fair Value of Cash Flow Hedges
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	(25.5)	(5.8)
Other comprehensive (loss) income, before reclassifications	(35.1)	(16.7)
Amounts reclassified from accumulated other comprehensive (loss) income	8.2	(4.6)
Net current period other comprehensive (loss) income	(26.9)	(21.3)
Balance, value	(52.4)	(27.1)
Foreign Currency Translation Adjustment
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	(15.8)	(14.9)
Other comprehensive (loss) income, before reclassifications	2.5	(6.8)
Amounts reclassified from accumulated other comprehensive (loss) income	0	0
Net current period other comprehensive (loss) income	2.5	(6.8)
Balance, value	(13.3)	(21.7)
Retirement Benefit Adjustment
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	(24.1)	(20.9)
Other comprehensive (loss) income, before reclassifications	(0.5)	0
Amounts reclassified from accumulated other comprehensive (loss) income	0.9	0.4
Net current period other comprehensive (loss) income	0.4	0.4
Balance, value	(23.7)	(20.5)
Total
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	(65.4)	(41.6)
Balance, value	$ (89.4)	$ (69.3)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Reclassification from OCI (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax			$ 3.2	$ 3.7
Net sales	$ (989.7)	$ (1,070.2)	(3,200)	(3,463.8)
Cost of products sold	(922.4)	(994)	(2,985.5)	(3,194.9)
Interest expense	(5.1)	(6)	(16.1)	(19.8)
Total	17.4	18.1	48.3	92.3
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Changes in fair value of cash flow hedges:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	3.6	(2.4)	0.9	(4.9)
Cost of products sold	0.1	(0.5)	(0.4)	(1.1)
Interest expense	2.8	0.6	6.3	1.4
Total	6.3	(2.3)	8.2	(4.6)
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Changes in fair value of cash flow hedges: | Price Risk Derivative
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of products sold	(0.2)	0	1	0
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Changes in fair value of cash flow hedges: | Not Designated as Hedging Instrument [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of products sold	0.3	0	0.3	0
Other (expense) income, net	(0.3)	0	0.1	0
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Amortization of retirement benefits:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other (expense) income, net	0.3	0.1	0.9	0.4
Total	$ 0.3	$ 0.1	$ 0.9	$ 0.4

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($)	Oct. 27, 2020	Sep. 04, 2020	Jun. 05, 2020	Mar. 27, 2020	Sep. 06, 2019	Feb. 21, 2018	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019	Dec. 27, 2019
Class of Stock [Line Items]
Preferred shares, shares authorized (shares)							50,000,000		50,000,000		50,000,000
Preferred shares, par value (usd per share)							$ 0.01		$ 0.01		$ 0.01
Preferred shares, issued (shares)							0		0		0
Preferred shares, outstanding (shares)							0		0		0
Ordinary shares, authorized (shares)							200,000,000		200,000,000		200,000,000
Ordinary shares, par value (usd per share)							$ 0.01		$ 0.01		$ 0.01
Ordinary shares, issued (shares)							47,366,877		47,366,877		48,014,628
Ordinary shares, outstanding (shares)							47,366,877		47,366,877		48,014,628
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							$ 58,300,000		$ 58,300,000
Stock repurchase program, ordinary shares repurchased and retired (shares)							2,294,829		2,294,829
Stock repurchase program, remaining authorized repurchase amount							$ 241,700,000		$ 241,700,000
Payments of dividends, common stock									$ 9,600,000	$ 2,900,000
Common Stock, Dividends, Per Share, Declared		$ (0.050)	$ (0.050)	$ (0.100)	$ (0.060)		$ (0.05)	$ (0.06)	$ (0.20)	$ (0.06)
Subsequent Event
Stock Repurchase Program:
Common Stock, Dividends, Per Share, Declared	$ (0.10)

Shareholders' Equity - Dividend

Shareholders' Equity - Dividends (Details) - $ / shares	Sep. 04, 2020	Jun. 05, 2020	Mar. 27, 2020	Sep. 06, 2019	Sep. 25, 2020	Sep. 27, 2019	Sep. 25, 2020	Sep. 27, 2019
Stockholders' Equity Note [Abstract]
Cash Dividend Declared, per Ordinary Share (usd per share)	$ 0.050	$ 0.050	$ 0.100	$ 0.060	$ 0.05	$ 0.06	$ 0.20	$ 0.06