Fresh Del Monte Produce (FDP) 10-Q 3 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jul. 01, 2022	Jul. 22, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 01, 2022
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 H&C Corporate Services Limited
Entity Address, Address Line Two	P.O. Box 698, 4th Floor, Apollo House, 87 Mary Street
Entity Address, City or Town	George Town,
Entity Address, Postal Zip Code	KY1-1107
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)		47,832,974
Entity Central Index Key	0001047340
Current Fiscal Year End Date	--12-30
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 15.6	$ 16.1
Trade accounts receivable, net of allowance of $25.7 and $21.8, respectively	396.4	342.9
Other accounts receivable, net of allowance of $3.3 and $3.8, respectively	99	94.4
Inventories, net	568.5	602.8
Assets held for sale	26.1	16.2
Prepaid expenses and other current assets	39.5	24
Total current assets	1,145.1	1,096.4
Investments in and advances to unconsolidated companies	16.9	8.7
Property, plant and equipment, net	1,369.8	1,415.8
Operating lease right-of-use assets	195	199
Goodwill	422.8	423.7
Intangible assets, net	138.9	142.8
Deferred income taxes	55.4	53.8
Other noncurrent assets	51.8	57.9
Total assets	3,395.7	3,398.1
Current liabilities:
Accounts payable and accrued expenses	606.6	580.1
Current maturities of debt and finance leases	1.3	1.3
Current maturities of operating leases	37.9	37
Income taxes and other taxes payable	17.2	10.8
Total current liabilities	663	629.2
Long-term debt and finance leases	470.6	527.7
Retirement benefits	88.7	90
Deferred income taxes	69.3	69.6
Operating leases, less current maturities	130.1	136
Other noncurrent liabilities	42	72.1
Total liabilities	1,463.7	1,524.6
Commitments and Contingencies (See note 9)
Redeemable noncontrolling interest	48.8	49.5
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; 47,832,974 and 47,554,695 issued and outstanding, respectively	0.5	0.5
Paid-in capital	544	541
Retained earnings	1,360.3	1,327.7
Accumulated other comprehensive loss	(43.4)	(66.9)
Total Fresh Del Monte Produce Inc. shareholders' equity	1,861.4	1,802.3
Noncontrolling interests	21.8	21.7
Total shareholders' equity	1,883.2	1,824
Total liabilities, redeemable noncontrolling interest and shareholders' equity	$ 3,395.7	$ 3,398.1

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for Trade accounts receivable	$ 25.7	$ 21.8
Allowance for Other Accounts Receivable	$ 3.3	$ 3.8
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)	47,832,974	47,554,695
Ordinary shares, outstanding (shares)	47,832,974	47,554,695

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Income Statement [Abstract]
Net sales	$ 1,211.9	$ 1,141.6	$ 2,348.9	$ 2,229.9
Cost of products sold	1,131.2	1,031.6	2,178.4	2,014.8
Gross profit	80.7	110	170.5	215.1
Selling, general and administrative expenses	47.3	51.4	92.5	100.3
Gain (loss) on disposal of property, plant and equipment, net	1.6	1.1	(2.2)	3.8
Asset impairment and other charges (credits), net	0.7	0.4	1.7	(0.4)
Operating income	34.3	59.3	74.1	119
Interest expense	5.8	5.2	11.1	10.6
Interest income	0.1	0	0.1	0.2
Other expense, net	2.6	1.6	6.7	3.7
Income before income taxes	26	52.5	56.4	104.9
Income tax provision	4.9	4.8	10.7	15.8
Net income	21.1	47.7	45.7	89.1
Less: Net (loss) income attributable to redeemable and noncontrolling interests	(0.1)	0.5	(1.2)	(0.8)
Net income attributable to Fresh Del Monte Produce Inc.	$ 21.2	$ 47.2	$ 46.9	$ 89.9
Net income per ordinary share attributable to Fresh Del Monte Produce Inc. - Basic (usd per share)	$ 0.44	$ 0.99	$ 0.98	$ 1.89
Net income per ordinary share attributable to Fresh Del Monte Produce Inc. - Diluted (usd per share)	0.44	0.99	0.98	1.89
Dividends declared per ordinary share (usd per share)	$ 0.15	$ 0.10	$ 0.30	$ 0.20
Weighted average number of ordinary shares:
Basic (shares)	47,825,758	47,518,668	47,745,440	47,473,315
Diluted (shares)	47,887,123	47,699,536	47,871,704	47,619,704

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 21.1	$ 47.7	$ 45.7	$ 89.1
Other comprehensive income (loss):
Net unrealized gain (loss) on derivatives, net of tax	6.6	(7.6)	44.4	18
Net unrealized foreign currency translation (loss) gain	(14)	0.5	(21.4)	(4.3)
Net change in retirement benefit adjustment, net of tax	0.6	(0.3)	0.5	(0.9)
Comprehensive income	14.3	40.3	69.2	101.9
Less: Comprehensive (loss) income attributable to redeemable and noncontrolling interests	(0.1)	0.5	(1.2)	(0.8)
Comprehensive income attributable to Fresh Del Monte Produce Inc.	$ 14.4	$ 39.8	$ 70.4	$ 102.7

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021
Operating activities:
Net income	$ 45.7	$ 89.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	47.3	46.9
Amortization of debt issuance costs	0.3	0.3
Share-based compensation expense	2.8	3.7
Asset impairments	0.2	0
Change in uncertain tax positions	0.3	1.7
Loss (gain) on disposal of property, plant and equipment	2.2	(3.8)
Deferred income taxes	(5.8)	0.5
Foreign currency translation adjustment	(12.7)	0.5
Other, net	1.8	(3)
Changes in operating assets and liabilities
Receivables	(61.8)	(28.8)
Inventories	26.7	11.4
Prepaid expenses and other current assets	(0.2)	3.4
Accounts payable and accrued expenses	42.3	18.5
Other assets and liabilities	6	(0.9)
Net cash provided by operating activities	95.1	139.5
Investing activities:
Capital expenditures	(23.2)	(70.4)
Proceeds from sales of property, plant and equipment	6.3	11
Cash (paid) received from settlement of derivatives not designated as hedges	(0.2)	4.6
Investments in unconsolidated companies	(8.1)	0
Other investing activities	0.1	0.3
Net cash used in investing activities	(25.1)	(54.5)
Financing activities:
Proceeds from debt	441.7	339.5
Payments on debt	(498.1)	(407.9)
Adjustment of noncontrolling interest	(0.6)	(4.3)
Share-based awards settled in cash for taxes	(0.8)	(0.3)
Dividends paid	(14.3)	(9.5)
Other financing activities	(0.3)	0
Net cash used in financing activities	(72.4)	(82.5)
Effect of exchange rate changes on cash	1.9	0.6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	(0.5)	3.1
Cash and cash equivalents, beginning	16.1	16.5
Cash and cash equivalents, ending	15.6	19.6
Supplemental cash flow information:
Cash paid for interest	12.1	12.1
Cash paid for income taxes	5.3	5.7
Non-cash financing and investing activities:
Right-of-use assets obtained in exchange for new operating lease obligations	18	33.1
Dividends on restricted stock units	$ 0	$ 0.2

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Unaudited) - USD ($) $ in Millions	Total	Ordinary Shares	Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Fresh Del Monte Produce Inc. Shareholders' Equity	Noncontrolling Interests	Noncontrolling Interests Redeemable Noncontrolling Interest	Total Shareholders' Equity
Balance, shares (shares) at Jan. 01, 2021		47,372,419
Balance, value at Jan. 01, 2021		$ 0.5	$ 533.1	$ 1,271.4	$ (77)	$ 1,728	$ 21.7	$ 50.2	$ 1,749.7
Settlement of restricted stock units (shares)		136,067
Share-based payment expense			1.6			1.6			1.6
Distribution to noncontrolling interests							(0.4)		(0.4)
Dividend declared			0.2	4.9		4.7			4.7
Comprehensive income:
Net income				42.7		42.7	(0.6)	(0.7)	42.1
Net unrealized gain (loss) on derivatives, net of tax					25.6	25.6			25.6
Net unrealized foreign currency translation (loss) gain					(4.8)	(4.8)			(4.8)
Change in retirement benefit adjustment, net of tax					(0.6)	(0.6)			(0.6)
Comprehensive income (loss)						62.9	(0.6)	(0.7)	62.3
Balance, shares (shares) at Apr. 02, 2021		47,508,486
Balance, value at Apr. 02, 2021		$ 0.5	534.9	1,309.2	(56.8)	1,787.8	21.1	49.5	1,808.9
Balance, shares (shares) at Jan. 01, 2021		47,372,419
Balance, value at Jan. 01, 2021		$ 0.5	533.1	1,271.4	(77)	1,728	21.7	50.2	1,749.7
Adjustment of noncontrolling interest	$ (4.3)
Comprehensive income:
Net income	89.1
Net unrealized gain (loss) on derivatives, net of tax	18
Net unrealized foreign currency translation (loss) gain	(4.3)
Change in retirement benefit adjustment, net of tax	(0.9)
Comprehensive income (loss)	101.9
Balance, shares (shares) at Jul. 02, 2021		47,524,712
Balance, value at Jul. 02, 2021		$ 0.5	537	1,351.6	(64.2)	1,824.9	21.2	49.5	1,846.1
Balance, shares (shares) at Apr. 02, 2021		47,508,486
Balance, value at Apr. 02, 2021		$ 0.5	534.9	1,309.2	(56.8)	1,787.8	21.1	49.5	1,808.9
Exercises of stock options (shares)		2,000
Exercises of stock options			0			0			0
Settlement of restricted stock units (shares)		14,226
Share-based payment expense			2.1			2.1			2.1
Dividend declared				4.8		4.8			4.8
Comprehensive income:
Net income	47.7			47.2		47.2	0.5	0	47.7
Net unrealized gain (loss) on derivatives, net of tax	(7.6)				(7.6)	(7.6)			(7.6)
Net unrealized foreign currency translation (loss) gain	0.5				0.5	0.5			0.5
Change in retirement benefit adjustment, net of tax	(0.3)				(0.3)	(0.3)			(0.3)
Comprehensive income (loss)	$ 40.3					39.8	0.5	0	40.3
Balance, shares (shares) at Jul. 02, 2021		47,524,712
Balance, value at Jul. 02, 2021		$ 0.5	537	1,351.6	(64.2)	1,824.9	21.2	49.5	1,846.1
Balance, shares (shares) at Dec. 31, 2021	47,554,695	47,554,695
Balance, value at Dec. 31, 2021	$ 1,824	$ 0.5	541	1,327.7	(66.9)	1,802.3	21.7	49.5	1,824
Exercises of stock options (shares)		7,000
Settlement of restricted stock units (shares)		263,148
Share-based payment expense			1.7			1.7			1.7
Disposal of noncontrolling interest						0.3			0.3
Dividend declared			0	7.2		7.2			7.2
Comprehensive income:
Net income				25.8		25.8	(0.3)	(0.8)	25.5
Net unrealized gain (loss) on derivatives, net of tax					37.8	37.8			37.8
Net unrealized foreign currency translation (loss) gain					(7.4)	(7.4)			(7.4)
Change in retirement benefit adjustment, net of tax					(0.1)	(0.1)			(0.1)
Comprehensive income (loss)						56.1	(0.3)	(0.8)	55.8
Balance, shares (shares) at Apr. 01, 2022		47,817,843
Balance, value at Apr. 01, 2022		$ 0.5	542.7	1,346.3	(36.6)	1,852.9	21.7	48.7	1,874.6
Balance, shares (shares) at Dec. 31, 2021	47,554,695	47,554,695
Balance, value at Dec. 31, 2021	$ 1,824	$ 0.5	541	1,327.7	(66.9)	1,802.3	21.7	49.5	1,824
Adjustment of noncontrolling interest	(0.6)
Comprehensive income:
Net income	45.7
Net unrealized gain (loss) on derivatives, net of tax	44.4
Net unrealized foreign currency translation (loss) gain	(21.4)
Change in retirement benefit adjustment, net of tax	0.5
Comprehensive income (loss)	$ 69.2
Balance, shares (shares) at Jul. 01, 2022	47,832,974	47,832,974
Balance, value at Jul. 01, 2022	$ 1,883.2	$ 0.5	544	1,360.3	(43.4)	1,861.4	21.8	48.8	1,883.2
Balance, shares (shares) at Apr. 01, 2022		47,817,843
Balance, value at Apr. 01, 2022		$ 0.5	542.7	1,346.3	(36.6)	1,852.9	21.7	48.7	1,874.6
Exercises of stock options			0.2			0.2			0.2
Settlement of restricted stock units (shares)		8,131
Share-based payment expense			1.1			1.1			1.1
Adjustment of noncontrolling interest							0.3		0.3
Dividend declared				7.2		7.2			7.2
Comprehensive income:
Net income	21.1			21.2		21.2	(0.2)	0.1	21
Net unrealized gain (loss) on derivatives, net of tax	6.6				6.6	6.6			6.6
Net unrealized foreign currency translation (loss) gain	(14)				(14)	(14)			(14)
Change in retirement benefit adjustment, net of tax	0.6				0.6	0.6			0.6
Comprehensive income (loss)	$ 14.3					14.4	(0.2)	0.1	14.2
Balance, shares (shares) at Jul. 01, 2022	47,832,974	47,832,974
Balance, value at Jul. 01, 2022	$ 1,883.2	$ 0.5	$ 544	$ 1,360.3	$ (43.4)	$ 1,861.4	$ 21.8	$ 48.8	$ 1,883.2

General

General	6 Months Ended
	Jul. 01, 2022
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. Nature of Business We were incorporated under the laws of the Cayman Islands in 1996. We are one of the world’s leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and marketer of prepared fruit and vegetables, juices, beverages and snacks in Europe, Africa and the Middle East. We market our products worldwide under the Del Monte ® brand, a symbol of product innovation, quality, freshness and reliability since 1892. Our major sales markets are organized as follows: North America, Europe, the Middle East (which includes North Africa) and Asia. Our global sourcing and logistics system allows us to provide regular delivery of consistently high-quality produce and value-added services to our customers. Our major producing operations are located in North, Central and South America, Asia and Africa. Our products are sourced from company-owned operations, through supply contracts with independent growers, and through joint venture arrangements. Our business is comprised of three reportable segments, two of which represent our primary businesses of fresh and value-added products and banana, and one that represents our other ancillary businesses. • Fresh and value-added products - includes pineapples, fresh-cut fruit, fresh-cut vegetables (which includes fresh-cut salads), 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. Basis of Presentation The accompanying unaudited Consolidated Financial Statements for the quarter and six months ended July 1, 2022 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. They do not include all information and notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments of a normal recurring nature considered necessary for fair presentation have been included. Operating results for the quarter and six months ended July 1, 2022 are subject to significant seasonal variations and are not necessarily indicative of the results that may be expected for the year ending December 30, 2022. 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 31, 2021. We are required to evaluate events occurring after July 1, 2022 for recognition and disclosure in the unaudited Consolidated Financial Statements for the quarter and six months ended July 1, 2022. Events are evaluated based on whether they represent information existing as of July 1, 2022, which require recognition in the unaudited Consolidated Financial Statements, or new events occurring after July 1, 2022 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 July 1, 2022 through the date of issuance of these unaudited Consolidated Financial Statements. Certain reclassification of prior period balances have been made to conform to current presentation. Refer to Note 12. Business Segment Data for further information.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jul. 01, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements New Accounting Pronouncements - Not Yet Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, and a subsequent amendment to the guidance, ASU 2021-01 in January 2021. 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. This ASU may currently be adopted and may be applied prospectively to contract modifications made on or before December 31, 2022. We have LIBOR-based borrowings and interest rate hedges that reference LIBOR. While we are continuing to evaluate the impact of this ASU on our financial condition, results of operations and cash flows, we do not expect its impact will be material at this time.

Asset Impairment and Other Char

Asset Impairment and Other Charges (Credits), Net	6 Months Ended
	Jul. 01, 2022
Asset Impairment and Other Charges (Credits), Net [Abstract]
Asset Impairment and Other Charges (Credits), Net	Asset Impairment and Other Charges (Credits), Net The following represents a summary of asset impairment and other charges (credits), net recorded during the quarters and six months ended July 1, 2022 and July 2, 2021 (U.S. dollars in millions): Quarter ended Six months ended July 1, 2022 July 1, 2022 Long-lived and other Exit activity and other Total Long-lived and other Exit activity and other Total Banana segment: Exit costs related to European facility (1) $ — $ 0.4 $ 0.4 $ — $ 0.4 $ 0.4 Fresh and value-added products segment: Impairment of South America farm 0.2 — 0.2 0.2 — 0.2 Other fresh and value-added products segment charges — 0.1 0.1 — 0.1 0.1 Other: Former President/COO severance expense — — — — 1.0 1.0 Total asset impairment and other charges (credits), net $ 0.2 $ 0.5 $ 0.7 $ 0.2 $ 1.5 $ 1.7 Quarter ended Six months ended July 2, 2021 July 2, 2021 Long-lived and other Exit activity and other Total Long-lived and other Exit activity and other Total Banana segment: Insurance recovery related to hurricanes (2) $ — $ — $ — $ — $ (0.8) $ (0.8) Fresh and value-added products segment: Exit costs related to European facility (1) — 0.4 0.4 — 0.4 0.4 Total asset impairment and other charges (credits), net $ — $ 0.4 $ 0.4 $ — $ (0.4) $ (0.4) (1) $0.4 million charge in each of the quarters and six months ended July 1, 2022 and July 2, 2021 primarily related to severance expenses incurred in connection with the planned exits from two facilities in Europe. (2) $(0.8) million insurance recovery for the six months ended July 2, 2021 associated with damages to certain of our banana fixed assets in Guatemala caused by hurricanes Eta and Iota in the fourth quarter of 2020.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 01, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In connection with the examination of the tax returns in two foreign jurisdictions, the taxing authorities have issued income tax deficiencies related to transfer pricing aggregating approximately $138.3 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. In one of the foreign jurisdictions, we are currently contesting tax assessments related to the 2012-2015 audit years and the 2016 audit year in both the administrative court and the judicial court. During 2019 and 2020, we filed actions contesting the tax assessment in the administrative office. Our initial challenge to each of these tax assessments was rejected, and we subsequently lost our appeals at the administrative court. We have subsequently filed actions to contest each of these tax assessments in the country’s judicial courts. In addition, we have filed a request for injunction to the judicial court to stay the tax authorities' collection efforts for these two tax assessments, pending final judicial decisions. The court granted our injunction with respect to the 2016 audit year, however denied our injunction with respect to the 2012-2015 audit years. We timely appealed the denial of the injunction, and an appellate hearing has been set for August 2022. In the interim, the appellate court has stayed the tax collection action until the August hearing. Pursuant to local law, we registered real estate collateral with an approximate fair market value of $5.7 million in connection with the grant of the 2016 audit year injunction. This real estate collateral has a net book value of $4.1 million as of the quarter ended July 1, 2022. To the extent that our appeal of the injunction for the 2012-2015 audit years is granted and the tax authorities collection efforts are enjoined , we estimate that additional collateral of approximately $25.0 million would be required to be posted. The registration of this real estate collateral does not affect our operations in the country. In the other foreign jurisdiction, the administrative court denied our appeal, and on March 4, 2020 we filed an action in the judicial court to contest the administrative court's decision. The case is still pending. We will continue to vigorously contest the adjustments and to exhaust all administrative and judicial remedies necessary in both jurisdictions to resolve the matters, which could be a lengthy process. Income tax provision was $4.9 million for the quarter ended July 1, 2022 compared with $4.8 million for the quarter ended July 2, 2021. The income tax provision for the quarter ended July 2, 2021 reflected the impact of return-to-provision adjustments related to a change in estimate which included a $0.8 million benefit associated with the net operating loss carryback provision of the Coronavirus Aid, Relief and Economic Security (CARES) Act enacted in March 2020. Income tax provision for the six months ended July 1, 2022 decreased to $10.7 million from $15.8 million for the six months ended July 2, 2021, primarily due to decreased earnings in certain higher tax jurisdictions.

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
	Jul. 01, 2022
Receivables [Abstract]
Allowance for Credit Losses	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 . Trade Receivables Trade receivables as of July 1, 2022 were $396.4 million, net of an allowance of $25.7 million. Our allowance for trade receivables consists of two components: a $9.1 million allowance for credit losses and a $16.6 million allowance for customer claims accounted for under the scope of ASC 606 - Revenue Recognition. 5. Allowance for Credit Losses (continued) 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 collectability 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 collectability 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 six months ended July 1, 2022 and July 2, 2021 (U.S. dollars in millions): Six months ended Trade receivables July 1, July 2, Allowance for credit losses: Balance, beginning of period $ 10.2 $ 15.1 Provision for uncollectible amounts (0.3) 0.1 Deductions to allowance related to write-offs (0.3) — Foreign exchange effects (0.2) — Reclassifications (1) (0.3) — Balance, end of period $ 9.1 $ 15.2 (1) $0.3 million reclassification to the long-term allowance for credit losses, presented in other noncurrent assets on our Consolidated Balance Sheets, from short-term during the six months ended July 1, 2022. The amount in the long-term allowance related to trade receivables as of July 1, 2022 is not material to our Consolidated Financial Statements. 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 five 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. 5. Allowance for Credit Losses (continued) 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, including unfavorable weather conditions and crop diseases, which may impact the collectability of the advances 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): July 1, 2022 December 31, 2021 Current Past-Due Current Past-Due Gross advances to growers and suppliers $ 45.1 $ 4.2 $ 40.6 $ 5.5 The allowance for advances to growers and suppliers for the six months ended July 1, 2022 and July 2, 2021 were as follows (U.S. dollars in millions): Six months ended July 1, July 2, Allowance for advances to growers and suppliers: Balance, beginning of period $ 1.8 $ 2.1 Provision for uncollectible amounts 0.3 (0.2) Deductions to allowance related to write-offs (0.1) (0.2) Balance, end of period $ 2.0 $ 1.7

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jul. 01, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Share-Based Compensation	Share-Based Compensation (continued) Restricted Stock Units and Performance Stock Units The following table lists the RSUs and PSUs awarded under the 2022 Plan and the Prior Plan for the six months ended July 1, 2022 and July 2, 2021: Date of Award Type of award Units awarded Price per share For the six months ended July 1, 2022 June 15, 2022 RSU 105,614 $ 23.71 June 15, 2022 PSU 46,222 23.71 June 2, 2022 RSU 41,307 25.42 For the six months ended July 2, 2021 May 4, 2021 RSU 30,317 $ 28.86 March 30, 2021 RSU 2,500 28.67 March 1, 2021 RSU 290,021 25.85 March 1, 2021 PSU 118,192 25.85 Subsequent to the six months ended July 1, 2022, an additional 101,672 PSUs were awarded at an average price per share of $31.27. Under the 2022 Plan and Prior 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 granted during the six months ended July 1, 2022 will vest in three equal installments in June 2023, March 2024 and March 2025. PSUs granted prior to 2022 will vest in three equal annual installments on each of the next three anniversary dates. All PSU vesting is contingent on the recipient's continued employment with us. Expense for RSUs is recognized on a straight line basis over the requisite service period for the entire award. RSUs granted in 2022 vest in three equal installments in June 2023, March 2024 and March 2025, with the exception of RSUs granted to our Board of Directors which vest after a one-year period. RSUs granted in 2021 vest annually in three equal installments over a three-year service period while RSUs granted prior to 2021 vested 20% on the grant date, with 20% vesting on each of the next four anniversaries. The fair market value for RSUs and PSUs is based on the closing price of our stock on the grant date. We recognize expenses related to RSUs and PSUs based on the fair market value, as determined on the grant date, ratably over the vesting period, provided the performance condition, if any, is probable. Forfeitures are recognized as they occur. 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. 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	6 Months Ended
	Jul. 01, 2022
Inventory Disclosure [Abstract]
Inventories, net	Inventories, net Inventories consisted of the following (U.S. dollars in millions): July 1, December 31, Finished goods $ 180.6 $ 197.9 Raw materials and packaging supplies 200.1 203.2 Growing crops 187.8 201.7 Total inventories, net $ 568.5 $ 602.8

Debt and Finance Lease Obligati

Debt and Finance Lease Obligations	6 Months Ended
	Jul. 01, 2022
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): July 1, December 31, Senior unsecured revolving credit facility (see Credit Facility below) $ 462.7 $ 519.1 Finance lease obligations 9.2 9.9 Total debt and finance lease obligations 471.9 529.0 Less: Current maturities (1.3) (1.3) Long-term debt and finance lease obligations $ 470.6 $ 527.7 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-year, $1.1 billion syndicated senior unsecured revolving credit facility maturing on October 1, 2024 (the “Revolving Credit Facility”). Certain of our direct and indirect subsidiaries have guaranteed the obligations under the Second A&R Credit Agreement. 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 interest rate grid provides for five pricing levels for interest rate margins. 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 2.50 to 1.00. 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. 8. Debt and Finance Lease Obligations (continued) The Second A&R Credit Agreement requires us to comply with certain financial and other covenants. Specifically, it requires us to maintain a 1) Consolidated Leverage Ratio of not more than 3.50 to 1.00 at any time during any period of four consecutive fiscal quarters, subject to certain exceptions and 2) a minimum Consolidated Interest Coverage Ratio of not less than 2.25 to 1.00 as of the end of any fiscal quarter. Additionally, it requires us to comply with certain other covenants, including limitations on capital expenditures, stock repurchases, the amount of dividends that can be paid in the future, the amount and types of liens and indebtedness, material asset sales, and mergers. Under the Second A&R Credit Agreement, we are permitted 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. It also provides 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. As of July 1, 2022, we were in compliance with all of the covenants contained in the Second A&R Credit Agreement. Debt issuance costs of $1.0 million and $1.3 million are included in other noncurrent assets on our Consolidated Balance Sheets as of July 1, 2022 and December 31, 2021, respectively. We have a renewable 364-day, $25.0 million letter of credit facility with Rabobank Nederland. The following is a summary of the material terms of the Revolving Credit Facility and other working capital facilities at July 1, 2022 (U.S. dollars in millions): Term Maturity Interest rate Borrowing Available Bank of America credit facility 5 years October 1, 2024 3.11% $ 1,100.0 $ 637.3 Rabobank letter of credit facility 364 days June 14, 2023 Varies 25.0 16.1 Other working capital facilities Varies Varies Varies 19.5 7.8 $ 1,144.5 $ 661.2 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 permitted investment opportunities. 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 July 1, 2022, we applied $26.9 million to letters of credit and bank guarantees issued from Rabobank Nederland, Bank of America, and other banks. 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. ”
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): July 1, December 31, Senior unsecured revolving credit facility (see Credit Facility below) $ 462.7 $ 519.1 Finance lease obligations 9.2 9.9 Total debt and finance lease obligations 471.9 529.0 Less: Current maturities (1.3) (1.3) Long-term debt and finance lease obligations $ 470.6 $ 527.7 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-year, $1.1 billion syndicated senior unsecured revolving credit facility maturing on October 1, 2024 (the “Revolving Credit Facility”). Certain of our direct and indirect subsidiaries have guaranteed the obligations under the Second A&R Credit Agreement. 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 interest rate grid provides for five pricing levels for interest rate margins. 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 2.50 to 1.00. 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. 8. Debt and Finance Lease Obligations (continued) The Second A&R Credit Agreement requires us to comply with certain financial and other covenants. Specifically, it requires us to maintain a 1) Consolidated Leverage Ratio of not more than 3.50 to 1.00 at any time during any period of four consecutive fiscal quarters, subject to certain exceptions and 2) a minimum Consolidated Interest Coverage Ratio of not less than 2.25 to 1.00 as of the end of any fiscal quarter. Additionally, it requires us to comply with certain other covenants, including limitations on capital expenditures, stock repurchases, the amount of dividends that can be paid in the future, the amount and types of liens and indebtedness, material asset sales, and mergers. Under the Second A&R Credit Agreement, we are permitted 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. It also provides 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. As of July 1, 2022, we were in compliance with all of the covenants contained in the Second A&R Credit Agreement. Debt issuance costs of $1.0 million and $1.3 million are included in other noncurrent assets on our Consolidated Balance Sheets as of July 1, 2022 and December 31, 2021, respectively. We have a renewable 364-day, $25.0 million letter of credit facility with Rabobank Nederland. The following is a summary of the material terms of the Revolving Credit Facility and other working capital facilities at July 1, 2022 (U.S. dollars in millions): Term Maturity Interest rate Borrowing Available Bank of America credit facility 5 years October 1, 2024 3.11% $ 1,100.0 $ 637.3 Rabobank letter of credit facility 364 days June 14, 2023 Varies 25.0 16.1 Other working capital facilities Varies Varies Varies 19.5 7.8 $ 1,144.5 $ 661.2 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 permitted investment opportunities. 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 July 1, 2022, we applied $26.9 million to letters of credit and bank guarantees issued from Rabobank Nederland, Bank of America, and other banks. 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	6 Months Ended
	Jul. 01, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies 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 estimate associated with the clean-up costs, and on which our accrual is based, is $12.8 million. As of July 1, 2022, $12.4 million was included in other noncurrent liabilities, and $0.4 million was included in accounts payable and accrued expenses in the Consolidated Balance Sheets for the Kunia Well Site clean-up. We expect to expend approximately $0.4 million in 2022, $1.1 million in 2023 and $0.9 million in each of the years 2024, 2025 and 2026. Additional Information In addition to the foregoing, we are involved from time to time in various claims and legal actions incident to our operations, both as plaintiff and defendant. In the opinion of management, after consulting with legal counsel, none of these other claims are currently expected to have a material adverse effect on the results of operations, financial position or our cash flows. We intend to vigorously defend ourselves in all of the above matters.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 01, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic and diluted net income per ordinary share is calculated as follows (U.S. dollars in millions, except share and per share data): Quarter ended Six months ended July 1, July 2, July 1, July 2, Numerator: Net income attributable to Fresh Del Monte Produce Inc. $ 21.2 $ 47.2 $ 46.9 $ 89.9 Denominator: Weighted average number of ordinary shares - Basic 47,825,758 47,518,668 47,745,440 47,473,315 Effect of dilutive securities - share-based awards 61,365 180,868 126,264 146,389 Weighted average number of ordinary shares - Diluted 47,887,123 47,699,536 47,871,704 47,619,704 Antidilutive awards (1) 104,707 20,340 104,707 20,340 Net income per ordinary share attributable to Fresh Del Monte Produce Inc.: Basic $ 0.44 $ 0.99 $ 0.98 $ 1.89 Diluted $ 0.44 $ 0.99 $ 0.98 $ 1.89 (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 B

Retirement and Other Employee Benefits	6 Months Ended
	Jul. 01, 2022
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 Six months ended July 1, July 2, July 1, July 2, Service cost $ 1.4 $ 1.6 $ 2.9 $ 3.1 Interest cost 1.4 1.3 2.7 2.7 Expected return on assets (0.7) (0.5) (1.4) (1.1) Amortization of net actuarial loss 0.1 0.1 0.3 0.3 Net periodic benefit costs $ 2.2 $ 2.5 $ 4.5 $ 5.0 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 $0.9 million for the quarter ended July 1, 2022 and $0.9 million for the quarter ended July 2, 2021. The net periodic benefit costs related to other non-U.S. based plans is $1.7 million for the six months ended July 1, 2022 and $1.8 million for the six months ended July 2, 2021.

Business Segment Data

Business Segment Data	6 Months Ended
	Jul. 01, 2022
Segment Reporting [Abstract]
Business Segment Data	Business Segment Data Our business is comprised of three reportable segments, two of which represent our primary businesses of fresh and value-added products and banana, and one that represents our other ancillary businesses. • Fresh and value-added products - includes pineapples, fresh-cut fruit, fresh-cut vegetables (which includes fresh-cut salads), 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. 12. Business Segment Data (continued) 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 July 1, 2022 July 2, 2021 Segments: Net Sales Gross Profit Net Sales Gross Profit Fresh and value-added products $ 732.4 $ 49.4 $ 674.0 $ 58.3 Banana 421.6 22.2 426.7 48.1 Other products and services 57.9 9.1 40.9 3.6 Totals $ 1,211.9 $ 80.7 $ 1,141.6 $ 110.0 Six months ended July 1, 2022 July 2, 2021 Segments: Net Sales Gross Profit Net Sales Gross Profit Fresh and value-added products $ 1,405.1 $ 93.8 $ 1,305.0 $ 110.6 Banana 827.6 60.0 844.9 98.0 Other products and services 116.2 16.7 80.0 6.5 Totals $ 2,348.9 $ 170.5 $ 2,229.9 $ 215.1 Our segment data disclosures for the quarter and six months ended July 2, 2021 have been adjusted to reflect a reclassification of cost of products sold between our three segments as a result of a refinement in our cost allocation methodology. For the quarter ended July 2, 2021, this reclassification resulted in an increase to our fresh and value-added products segment gross profit of $1.0 million, an increase to our banana segment gross profit of $1.4 million and a decrease to our other products and services segment gross profit of $2.4 million. For the six months ended July 2, 2021, this reclassification resulted in an increase to our fresh and value-added products segment gross profit of $1.7 million, an increase to our banana segment gross profit of $2.1 million and a decrease to our other products and services segment gross profit of $3.8 million. Quarter ended Six months ended Net sales by geographic region: July 1, July 2, July 1, July 2, North America $ 744.4 $ 680.7 $ 1,434.4 $ 1,329.2 Europe 201.4 190.5 400.9 380.5 Asia 133.4 145.5 247.6 268.3 Middle East 111.6 110.1 214.7 214.8 Other 21.1 14.8 51.3 37.1 Totals $ 1,211.9 $ 1,141.6 $ 2,348.9 $ 2,229.9 12. Business Segment Data (continued) The following table indicates our net sales by product and the percentage of the total (U.S. dollars in millions): Quarter ended Six months ended July 1, July 2, July 1, July 2, Fresh and value-added products: Fresh-cut fruit $ 145.5 12 % $ 135.1 12 % $ 267.4 12 % $ 248.3 11 % Fresh-cut vegetables 89.5 7 % 93.2 8 % 173.1 7 % 182.1 8 % Pineapples 166.2 14 % 147.9 13 % 297.8 13 % 271.9 12 % Avocados 107.7 9 % 86.2 7 % 197.6 8 % 169.7 8 % Non-tropical fruit 64.0 5 % 58.3 5 % 127.4 5 % 118.4 5 % Prepared foods 74.6 6 % 72.7 6 % 148.6 6 % 147.3 7 % Melons 25.8 2 % 17.9 2 % 69.5 3 % 44.9 2 % Tomatoes 6.5 1 % 9.3 1 % 13.0 1 % 18.0 1 % Vegetables 29.5 2 % 32.4 3 % 65.5 3 % 63.6 3 % Other fruit and vegetables 23.1 2 % 21.0 2 % 45.2 2 % 40.8 2 % Total fresh and value-added products 732.4 60 % 674.0 59 % 1,405.1 60 % 1,305.0 59 % Banana 421.6 35 % 426.7 37 % 827.6 35 % 844.9 38 % Other products and services 57.9 5 % 40.9 4 % 116.2 5 % 80.0 3 % Totals $ 1,211.9 100 % $ 1,141.6 100 % $ 2,348.9 100 % $ 2,229.9 100 %

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jul. 01, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	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 income (loss), 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 July 1, 2022 is $15.2 million. As of July 1, 2022, 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. 13. Derivative Financial Instruments (continued) Cash flows from derivative instruments that are designated as cash flow hedges are classified in the same category as the cash flows from the underlying hedged items. In the event that hedge accounting is discontinued, cash flows related to changes in fair value subsequent to the date of discontinuance are classified within investing activities. 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 2022 and 2023 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 July 1, 2022 (in millions): Foreign currency contracts qualifying as cash flow hedges: Notional amount Euro EUR 99.6 British pound GBP 11.6 Japanese yen JPY 4,862.9 Chilean peso CLP 35,113.6 Kenyan shilling KES 1,433.6 Korean won KRW 10,677.0 Interest Rate Contracts We are exposed to fluctuations in variable interest rates on our results of operations and financial condition, and we mitigate a portion of 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 income (loss) and are subsequently reclassified into earnings as the interest expense on debt is recognized in earnings. At July 1, 2022, 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. ” Bunker Fuel Hedges We are exposed to fluctuations in bunker fuel prices on our results of operations and financial condition, and we periodically enter into bunker fuel swap agreements which permit us to lock in bunker fuel prices and mitigate that exposure. During fiscal 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. As of July 1, 2022, there were no outstanding bunker fuel hedges. 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 July 1, 2022 and December 31, 2021 (U.S. dollars in millions): Derivatives designated as hedging instruments (1) Foreign exchange contracts Interest rate swaps Total Balance Sheet location: July 1, December 31, July 1, December 31, July 1, December 31, Asset derivatives: Prepaid expenses and other current assets $ 17.5 $ 0.5 $ — $ — $ 17.5 $ 0.5 Other noncurrent assets — — 0.9 — 0.9 — Total asset derivatives $ 17.5 $ 0.5 $ 0.9 $ — $ 18.4 $ 0.5 Liability derivatives: Accounts payable and accrued expenses $ 8.7 $ 8.1 $ — $ — $ 8.7 $ 8.1 Other noncurrent liabilities 4.4 6.1 2.1 29.4 6.5 35.5 Total liability derivatives $ 13.1 $ 14.2 $ 2.1 $ 29.4 $ 15.2 $ 43.6 (1) See Note 14, “ Fair Value Measurements, ” for fair value disclosures. We expect that $9.1 million of the net fair value of our cash flow hedges recognized as a net gain in accumulated other comprehensive loss will be transferred to earnings during the next 12 months and a net loss of $6.2 million will be transferred to earnings over a period of approximately 6 years, along with the earnings effect of the related forecasted transactions. The following table reflects the effect of derivative instruments on the Consolidated Statements of Comprehensive Income for the quarters and six months ended July 1, 2022 and July 2, 2021 (U.S. dollars in millions): Net amount of gain (loss) recognized in other Quarter ended Six months ended Derivative instruments July 1, July 2, July 1, July 2, Foreign exchange contracts $ 2.2 $ (4.5) $ 19.8 $ 6.7 Bunker fuel swaps — (1.6) — 0.8 Interest rate swaps, net of tax 4.4 (1.5) 24.6 10.5 Total $ 6.6 $ (7.6) $ 44.4 $ 18.0 Refer to Note 15, “Accumulated Other Comprehensive Loss,” for the effect of derivative instruments on the Consolidated Statements of Operations related to amounts reclassified from accumulated other comprehensive loss for the quarters and six months ended July 1, 2022 and July 2, 2021.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 01, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair Value of Derivative Instruments Our derivative assets or liabilities include foreign exchange and interest rate derivatives that are measured at fair value using observable market inputs such as forward rates, interest rates, our own credit risk as well as an evaluation of our counterparties' credit risks. We use an income approach to value our outstanding foreign currency and interest rate hedges, which consists of a discounted cash flow model that takes into account the present value of future cash flows under the terms of the contract using current market information as of the measurement date such as foreign currency spot rates, forward rates and interest rates. Additionally, we include an element of default risk based on observable inputs into the fair value calculation. Based on these inputs, the derivative assets or liabilities are classified within Level 2 of the valuation hierarchy. 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 (U.S. dollars in millions): Fair value measurements Foreign currency forward contracts, net asset (liability) Interest rate contracts, net liability July 1, December 31, July 1, December 31, Quoted prices in active markets for identical assets (Level 1) $ — $ — $ — $ — Significant observable inputs (Level 2) 4.4 (13.7) (1.2) (29.4) Significant unobservable inputs (Level 3) — — — — In estimating our fair value disclosures for financial instruments, we use the following methods and assumptions: Cash and cash equivalents: The carrying amount reported in the Consolidated Balance Sheets for these items approximates fair value due to their liquid nature and are classified as Level 1. Trade accounts receivable and other accounts receivable, net: The carrying value reported in the Consolidated Balance Sheets for these items is net of allowances, which includes a degree of counterparty non-performance risk and are classified as Level 2. Accounts payable and other current liabilities: The carrying value reported in the Consolidated Balance Sheets for these items approximates their fair value, which is the likely amount for which the liability with short settlement periods would be transferred to a market participant with a similar credit standing as ours and are classified as Level 2. 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 31, 2021. 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. During fiscal 2020, we performed a comprehensive review of our asset portfolio and identified non-strategic and underutilized property, plant, and equipment assets across various of our regions to dispose of while reducing costs and driving further efficiencies in our operations (the “Optimization Program”). Certain of these assets met the held for sale criteria as of July 1, 2022, and primarily relate to our fresh and value-added products segment. Included in the $26.1 million of assets held for sale as of July 1, 2022 were the following: $16.1 million consists of a facility and related assets in the United States, $5.0 million consists of farm land and associated assets primarily located in Asia and Central America, $4.0 million consists of facilities and farm land in South America, and the remaining $1.0 million is related to vacant land in Middle East. These assets are recognized at the lower of cost or fair value less cost to sell. The fair value measurements for our held for sale assets are generally based on Level 3 inputs, which include information obtained from third-party appraisals. During the six months ended July 1, 2022, we received proceeds of $4.5 million from the sale of assets previously held for sale and recorded a gain on disposal of property, plant and equipment, net of $1.8 million.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jul. 01, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Loss The following table includes the changes in accumulated other comprehensive loss by component (U.S. dollars in millions): Changes in Accumulated Other Comprehensive Loss by Component (1) Cash Flow Hedges Foreign Currency Translation Adjustment Retirement Benefit Adjustment Total Six months ended July 1, 2022 Balance at December 31, 2021 $ (40.9) $ (17.4) $ (8.6) $ (66.9) Other comprehensive income (loss) 44.8 (3) (21.4) (2) 0.1 23.5 Amounts reclassified from accumulated (0.4) — 0.4 — Net current period other comprehensive 44.4 (21.4) 0.5 23.5 Balance at July 1, 2022 $ 3.5 $ (38.8) $ (8.1) $ (43.4) Six months ended July 2, 2021 Balance at January 1, 2021 $ (49.6) $ (3.3) $ (24.1) $ (77.0) Other comprehensive income (loss) 15.2 (3) (4.3) (2) (1.4) 9.5 Amounts reclassified from accumulated 2.8 (4) — 0.5 3.3 Net current period other comprehensive 18.0 (4.3) (0.9) 12.8 Balance at July 2, 2021 $ (31.6) $ (7.6) $ (25.0) $ (64.2) (1) All amounts are net of tax and noncontrolling interest. (2) Includes a loss of $7.0 million and $3.1 million for the six months ended July 1, 2022 and six months ended July 2, 2021, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature. (3) Includes a tax effect of $(3.6) million and $(1.6) million for the six months ended July 1, 2022 and six months ended July 2, 2021, respectively. (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 of (gain) loss reclassified from accumulated other comprehensive loss July 1, 2022 July 2, 2021 Details about accumulated other comprehensive loss components Quarter ended Six months ended Quarter ended Six months ended Affected line item in the statement where net income is presented Cash flow hedges: Designated as hedging instruments: Foreign currency cash flow hedges $ (7.8) $ (9.4) $ 0.1 $ 0.7 Net sales Foreign currency cash flow hedges 0.9 4.1 0.2 0.6 Cost of products sold Interest rate swaps 2.1 4.9 2.9 5.7 Interest expense Bunker fuel swaps no longer designated as hedging instruments — — (1.6) (3.2) Cost of products sold Bunker fuel swaps no longer designated as hedging instruments — — — (1.0) Other expense, net Total $ (4.8) $ (0.4) $ 1.6 $ 2.8 Amortization of retirement benefits: Actuarial losses 0.2 0.4 0.3 0.5 Other expense, net Total $ 0.2 $ 0.4 $ 0.3 $ 0.5

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jul. 01, 2022
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 July 1, 2022, and 200,000,000 ordinary shares at $0.01 par value, of which 47,832,974 are issued and outstanding at July 1, 2022. The below is a summary of the dividends paid per share during the six months ended July 1, 2022 and July 2, 2021. These dividends were declared and paid within the same fiscal quarter. Six months ended July 1, 2022 July 2, 2021 Dividend Payment Date Cash Dividend per Ordinary Share Dividend Payment Date Cash Dividend per Ordinary Share June 10, 2022 $ 0.15 June 11, 2021 $ 0.10 April 1, 2022 0.15 April 2, 2021 0.10 We paid $14.3 million in dividends during the six months ended July 1, 2022 and $9.5 million in dividends during the six months ended July 2, 2021. On August 2, 2022, our Board of Directors declared a quarterly cash dividend of fifteen cents ($0.15) per share, payable on September 9, 2022, to shareholders of record on August 17, 2022.

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jul. 01, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently Issued Accounting Pronouncements	New Accounting Pronouncements - Not Yet Adopted In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, and a subsequent amendment to the guidance, ASU 2021-01 in January 2021. 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. This ASU may currently be adopted and may be applied prospectively to contract modifications made on or before December 31, 2022. We have LIBOR-based borrowings and interest rate hedges that reference LIBOR. While we are continuing to evaluate the impact of this ASU on our financial condition, results of operations and cash flows, we do not expect its impact will be material at this time.

Asset Impairment and Other Ch_2

Asset Impairment and Other Charges (Credits), Net (Tables)	6 Months Ended
	Jul. 01, 2022
Asset Impairment and Other Charges (Credits), Net [Abstract]
Summary of asset impairment and exit activity and other charges (credits)	The following represents a summary of asset impairment and other charges (credits), net recorded during the quarters and six months ended July 1, 2022 and July 2, 2021 (U.S. dollars in millions): Quarter ended Six months ended July 1, 2022 July 1, 2022 Long-lived and other Exit activity and other Total Long-lived and other Exit activity and other Total Banana segment: Exit costs related to European facility (1) $ — $ 0.4 $ 0.4 $ — $ 0.4 $ 0.4 Fresh and value-added products segment: Impairment of South America farm 0.2 — 0.2 0.2 — 0.2 Other fresh and value-added products segment charges — 0.1 0.1 — 0.1 0.1 Other: Former President/COO severance expense — — — — 1.0 1.0 Total asset impairment and other charges (credits), net $ 0.2 $ 0.5 $ 0.7 $ 0.2 $ 1.5 $ 1.7 Quarter ended Six months ended July 2, 2021 July 2, 2021 Long-lived and other Exit activity and other Total Long-lived and other Exit activity and other Total Banana segment: Insurance recovery related to hurricanes (2) $ — $ — $ — $ — $ (0.8) $ (0.8) Fresh and value-added products segment: Exit costs related to European facility (1) — 0.4 0.4 — 0.4 0.4 Total asset impairment and other charges (credits), net $ — $ 0.4 $ 0.4 $ — $ (0.4) $ (0.4) (1) $0.4 million charge in each of the quarters and six months ended July 1, 2022 and July 2, 2021 primarily related to severance expenses incurred in connection with the planned exits from two facilities in Europe. (2) $(0.8) million insurance recovery for the six months ended July 2, 2021 associated with damages to certain of our banana fixed assets in Guatemala caused by hurricanes Eta and Iota in the fourth quarter of 2020.

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	6 Months Ended
	Jul. 01, 2022
Receivables [Abstract]
Rollforward of Trade Receivable Allowance for Credit Losses	The table below presents a rollforward of our trade receivable allowance for credit losses for the six months ended July 1, 2022 and July 2, 2021 (U.S. dollars in millions): Six months ended Trade receivables July 1, July 2, Allowance for credit losses: Balance, beginning of period $ 10.2 $ 15.1 Provision for uncollectible amounts (0.3) 0.1 Deductions to allowance related to write-offs (0.3) — Foreign exchange effects (0.2) — Reclassifications (1) (0.3) — Balance, end of period $ 9.1 $ 15.2 (1) $0.3 million reclassification to the long-term allowance for credit losses, presented in other noncurrent assets on our Consolidated Balance Sheets, from short-term during the six months ended July 1, 2022. The amount in the long-term allowance related to trade receivables as of July 1, 2022 is not material to our Consolidated Financial Statements.
Advances to Growers Along with 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): July 1, 2022 December 31, 2021 Current Past-Due Current Past-Due Gross advances to growers and suppliers $ 45.1 $ 4.2 $ 40.6 $ 5.5
Rollforward of Allowance for Advances to Growers and Suppliers	The allowance for advances to growers and suppliers for the six months ended July 1, 2022 and July 2, 2021 were as follows (U.S. dollars in millions): Six months ended July 1, July 2, Allowance for advances to growers and suppliers: Balance, beginning of period $ 1.8 $ 2.1 Provision for uncollectible amounts 0.3 (0.2) Deductions to allowance related to write-offs (0.1) (0.2) Balance, end of period $ 2.0 $ 1.7

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jul. 01, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Stock-based compensation expense included in selling, general and administrative expenses	Stock-based compensation expense related to RSUs and 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 Six months ended July 1, July 2, July 1, July 2, RSUs/PSUs $ 1.1 $ 2.1 $ 2.8 $ 3.7
RSU and PSUs awarded	The following table lists the RSUs and PSUs awarded under the 2022 Plan and the Prior Plan for the six months ended July 1, 2022 and July 2, 2021: Date of Award Type of award Units awarded Price per share For the six months ended July 1, 2022 June 15, 2022 RSU 105,614 $ 23.71 June 15, 2022 PSU 46,222 23.71 June 2, 2022 RSU 41,307 25.42 For the six months ended July 2, 2021 May 4, 2021 RSU 30,317 $ 28.86 March 30, 2021 RSU 2,500 28.67 March 1, 2021 RSU 290,021 25.85 March 1, 2021 PSU 118,192 25.85

Inventories, net (Tables)

Inventories, net (Tables)	6 Months Ended
	Jul. 01, 2022
Inventory Disclosure [Abstract]
Schedule of inventory	Inventories consisted of the following (U.S. dollars in millions): July 1, December 31, Finished goods $ 180.6 $ 197.9 Raw materials and packaging supplies 200.1 203.2 Growing crops 187.8 201.7 Total inventories, net $ 568.5 $ 602.8

Debt and Finance Lease Obliga_2

Debt and Finance Lease Obligations (Tables)	6 Months Ended
	Jul. 01, 2022
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): July 1, December 31, Senior unsecured revolving credit facility (see Credit Facility below) $ 462.7 $ 519.1 Finance lease obligations 9.2 9.9 Total debt and finance lease obligations 471.9 529.0 Less: Current maturities (1.3) (1.3) Long-term debt and finance lease obligations $ 470.6 $ 527.7
Material terms of the credit facility and other working capital facilities	The following is a summary of the material terms of the Revolving Credit Facility and other working capital facilities at July 1, 2022 (U.S. dollars in millions): Term Maturity Interest rate Borrowing Available Bank of America credit facility 5 years October 1, 2024 3.11% $ 1,100.0 $ 637.3 Rabobank letter of credit facility 364 days June 14, 2023 Varies 25.0 16.1 Other working capital facilities Varies Varies Varies 19.5 7.8 $ 1,144.5 $ 661.2

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jul. 01, 2022
Earnings Per Share [Abstract]
Schedule of earnings per share	Basic and diluted net income per ordinary share is calculated as follows (U.S. dollars in millions, except share and per share data): Quarter ended Six months ended July 1, July 2, July 1, July 2, Numerator: Net income attributable to Fresh Del Monte Produce Inc. $ 21.2 $ 47.2 $ 46.9 $ 89.9 Denominator: Weighted average number of ordinary shares - Basic 47,825,758 47,518,668 47,745,440 47,473,315 Effect of dilutive securities - share-based awards 61,365 180,868 126,264 146,389 Weighted average number of ordinary shares - Diluted 47,887,123 47,699,536 47,871,704 47,619,704 Antidilutive awards (1) 104,707 20,340 104,707 20,340 Net income per ordinary share attributable to Fresh Del Monte Produce Inc.: Basic $ 0.44 $ 0.99 $ 0.98 $ 1.89 Diluted $ 0.44 $ 0.99 $ 0.98 $ 1.89 (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)	6 Months Ended
	Jul. 01, 2022
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 Six months ended July 1, July 2, July 1, July 2, Service cost $ 1.4 $ 1.6 $ 2.9 $ 3.1 Interest cost 1.4 1.3 2.7 2.7 Expected return on assets (0.7) (0.5) (1.4) (1.1) Amortization of net actuarial loss 0.1 0.1 0.3 0.3 Net periodic benefit costs $ 2.2 $ 2.5 $ 4.5 $ 5.0

Business Segment Data (Tables)

Business Segment Data (Tables)	6 Months Ended
	Jul. 01, 2022
Segment Reporting [Abstract]
Disaggregation of Revenue	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 July 1, 2022 July 2, 2021 Segments: Net Sales Gross Profit Net Sales Gross Profit Fresh and value-added products $ 732.4 $ 49.4 $ 674.0 $ 58.3 Banana 421.6 22.2 426.7 48.1 Other products and services 57.9 9.1 40.9 3.6 Totals $ 1,211.9 $ 80.7 $ 1,141.6 $ 110.0 Six months ended July 1, 2022 July 2, 2021 Segments: Net Sales Gross Profit Net Sales Gross Profit Fresh and value-added products $ 1,405.1 $ 93.8 $ 1,305.0 $ 110.6 Banana 827.6 60.0 844.9 98.0 Other products and services 116.2 16.7 80.0 6.5 Totals $ 2,348.9 $ 170.5 $ 2,229.9 $ 215.1
Net sales by geographic region	Quarter ended Six months ended Net sales by geographic region: July 1, July 2, July 1, July 2, North America $ 744.4 $ 680.7 $ 1,434.4 $ 1,329.2 Europe 201.4 190.5 400.9 380.5 Asia 133.4 145.5 247.6 268.3 Middle East 111.6 110.1 214.7 214.8 Other 21.1 14.8 51.3 37.1 Totals $ 1,211.9 $ 1,141.6 $ 2,348.9 $ 2,229.9
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 Six months ended July 1, July 2, July 1, July 2, Fresh and value-added products: Fresh-cut fruit $ 145.5 12 % $ 135.1 12 % $ 267.4 12 % $ 248.3 11 % Fresh-cut vegetables 89.5 7 % 93.2 8 % 173.1 7 % 182.1 8 % Pineapples 166.2 14 % 147.9 13 % 297.8 13 % 271.9 12 % Avocados 107.7 9 % 86.2 7 % 197.6 8 % 169.7 8 % Non-tropical fruit 64.0 5 % 58.3 5 % 127.4 5 % 118.4 5 % Prepared foods 74.6 6 % 72.7 6 % 148.6 6 % 147.3 7 % Melons 25.8 2 % 17.9 2 % 69.5 3 % 44.9 2 % Tomatoes 6.5 1 % 9.3 1 % 13.0 1 % 18.0 1 % Vegetables 29.5 2 % 32.4 3 % 65.5 3 % 63.6 3 % Other fruit and vegetables 23.1 2 % 21.0 2 % 45.2 2 % 40.8 2 % Total fresh and value-added products 732.4 60 % 674.0 59 % 1,405.1 60 % 1,305.0 59 % Banana 421.6 35 % 426.7 37 % 827.6 35 % 844.9 38 % Other products and services 57.9 5 % 40.9 4 % 116.2 5 % 80.0 3 % Totals $ 1,211.9 100 % $ 1,141.6 100 % $ 2,348.9 100 % $ 2,229.9 100 %

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jul. 01, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding forward contracts	We had the following outstanding foreign currency forward contracts as of July 1, 2022 (in millions): Foreign currency contracts qualifying as cash flow hedges: Notional amount Euro EUR 99.6 British pound GBP 11.6 Japanese yen JPY 4,862.9 Chilean peso CLP 35,113.6 Kenyan shilling KES 1,433.6 Korean won KRW 10,677.0
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 July 1, 2022 and December 31, 2021 (U.S. dollars in millions): Derivatives designated as hedging instruments (1) Foreign exchange contracts Interest rate swaps Total Balance Sheet location: July 1, December 31, July 1, December 31, July 1, December 31, Asset derivatives: Prepaid expenses and other current assets $ 17.5 $ 0.5 $ — $ — $ 17.5 $ 0.5 Other noncurrent assets — — 0.9 — 0.9 — Total asset derivatives $ 17.5 $ 0.5 $ 0.9 $ — $ 18.4 $ 0.5 Liability derivatives: Accounts payable and accrued expenses $ 8.7 $ 8.1 $ — $ — $ 8.7 $ 8.1 Other noncurrent liabilities 4.4 6.1 2.1 29.4 6.5 35.5 Total liability derivatives $ 13.1 $ 14.2 $ 2.1 $ 29.4 $ 15.2 $ 43.6 (1) See Note 14, “ Fair Value Measurements, ” for fair value disclosures.
Effect of derivative instruments on Consolidated Statements of Comprehensive Income (Loss)	The following table reflects the effect of derivative instruments on the Consolidated Statements of Comprehensive Income for the quarters and six months ended July 1, 2022 and July 2, 2021 (U.S. dollars in millions): Net amount of gain (loss) recognized in other Quarter ended Six months ended Derivative instruments July 1, July 2, July 1, July 2, Foreign exchange contracts $ 2.2 $ (4.5) $ 19.8 $ 6.7 Bunker fuel swaps — (1.6) — 0.8 Interest rate swaps, net of tax 4.4 (1.5) 24.6 10.5 Total $ 6.6 $ (7.6) $ 44.4 $ 18.0

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 01, 2022
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 (U.S. dollars in millions): Fair value measurements Foreign currency forward contracts, net asset (liability) Interest rate contracts, net liability July 1, December 31, July 1, December 31, Quoted prices in active markets for identical assets (Level 1) $ — $ — $ — $ — Significant observable inputs (Level 2) 4.4 (13.7) (1.2) (29.4) Significant unobservable inputs (Level 3) — — — —

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jul. 01, 2022
Equity [Abstract]
Schedule of accumulated other comprehensive income (loss)	The following table includes the changes in accumulated other comprehensive loss by component (U.S. dollars in millions): Changes in Accumulated Other Comprehensive Loss by Component (1) Cash Flow Hedges Foreign Currency Translation Adjustment Retirement Benefit Adjustment Total Six months ended July 1, 2022 Balance at December 31, 2021 $ (40.9) $ (17.4) $ (8.6) $ (66.9) Other comprehensive income (loss) 44.8 (3) (21.4) (2) 0.1 23.5 Amounts reclassified from accumulated (0.4) — 0.4 — Net current period other comprehensive 44.4 (21.4) 0.5 23.5 Balance at July 1, 2022 $ 3.5 $ (38.8) $ (8.1) $ (43.4) Six months ended July 2, 2021 Balance at January 1, 2021 $ (49.6) $ (3.3) $ (24.1) $ (77.0) Other comprehensive income (loss) 15.2 (3) (4.3) (2) (1.4) 9.5 Amounts reclassified from accumulated 2.8 (4) — 0.5 3.3 Net current period other comprehensive 18.0 (4.3) (0.9) 12.8 Balance at July 2, 2021 $ (31.6) $ (7.6) $ (25.0) $ (64.2) (1) All amounts are net of tax and noncontrolling interest. (2) Includes a loss of $7.0 million and $3.1 million for the six months ended July 1, 2022 and six months ended July 2, 2021, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature. (3) Includes a tax effect of $(3.6) million and $(1.6) million for the six months ended July 1, 2022 and six months ended July 2, 2021, respectively. (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 of (gain) loss reclassified from accumulated other comprehensive loss July 1, 2022 July 2, 2021 Details about accumulated other comprehensive loss components Quarter ended Six months ended Quarter ended Six months ended Affected line item in the statement where net income is presented Cash flow hedges: Designated as hedging instruments: Foreign currency cash flow hedges $ (7.8) $ (9.4) $ 0.1 $ 0.7 Net sales Foreign currency cash flow hedges 0.9 4.1 0.2 0.6 Cost of products sold Interest rate swaps 2.1 4.9 2.9 5.7 Interest expense Bunker fuel swaps no longer designated as hedging instruments — — (1.6) (3.2) Cost of products sold Bunker fuel swaps no longer designated as hedging instruments — — — (1.0) Other expense, net Total $ (4.8) $ (0.4) $ 1.6 $ 2.8 Amortization of retirement benefits: Actuarial losses 0.2 0.4 0.3 0.5 Other expense, net Total $ 0.2 $ 0.4 $ 0.3 $ 0.5

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jul. 01, 2022
Stockholders' Equity Note [Abstract]
Schedule of dividend activity	The below is a summary of the dividends paid per share during the six months ended July 1, 2022 and July 2, 2021. These dividends were declared and paid within the same fiscal quarter. Six months ended July 1, 2022 July 2, 2021 Dividend Payment Date Cash Dividend per Ordinary Share Dividend Payment Date Cash Dividend per Ordinary Share June 10, 2022 $ 0.15 June 11, 2021 $ 0.10 April 1, 2022 0.15 April 2, 2021 0.10

General (Details)

General (Details)	6 Months Ended
	Jul. 01, 2022 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of Reportable Segments	3

Asset Impairment and Other Ch_3

Asset Impairment and Other Charges (Credits), Net - Asset Impairment and Exit Activity Charges (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment	$ 0.2	$ 0	$ 0.2	$ 0
Exit activity and other (credits) charges	0.5	0.4	1.5	(0.4)
Total	0.7	0.4	1.7	(0.4)
Other Restructuring | Fresh and value-added products
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment	0		0
Exit activity and other (credits) charges	0.1		0.1
Total	0.1		0.1
Employee Severance | Other
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment	0		0
Exit activity and other (credits) charges	0		1
Total	0		1
Central America | Insurance settlement | Banana
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment		0		0
Exit activity and other (credits) charges		0		(0.8)
Total		0		(0.8)
South America | Impairment Charges | Fresh and value-added products
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment	0.2		0.2
Exit activity and other (credits) charges	0		0
Total	0.2		0.2
Europe | Exit costs
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Exit activity and other (credits) charges	0.4	0.4	0.4	0.4
Europe | Exit costs | Banana
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment	0		0
Exit activity and other (credits) charges	0.4		0.4
Total	$ 0.4		$ 0.4
Europe | Exit costs | Fresh and value-added products
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment		0		0
Exit activity and other (credits) charges		0.4		0.4
Total		$ 0.4		$ 0.4

Income Taxes (Details)

Income Taxes (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022 USD ($)	Jul. 02, 2021 USD ($)	Jul. 01, 2022 USD ($) jurisdiction	Jul. 02, 2021 USD ($)
Income Taxes [Line Items]
Real estate collateral, fair market value	$ 5.7		$ 5.7
Real estate collateral, net book value	4.1		4.1
Real estate collateral, increase due to injunctions granted	25		25
Provision for income taxes	$ 4.9	$ 4.8	$ 10.7	$ 15.8
Tax benefit associated with the net operating loss carryback provision of CARES Act		$ 0.8
Foreign tax authority
Income Taxes [Line Items]
Number of jurisdictions under examination | jurisdiction			2
Income tax examination, estimate of tax deficiencies			$ 138.3

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2022	Dec. 31, 2021	Jul. 02, 2021	Jan. 01, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade Receivable, after Allowance for Credit Loss, Current	$ 396.4	$ 342.9
Trade Receivable, Allowance for Credit Loss, Current	25.7	21.8
Trade Receivable, Allowance for Credit Loss	9.1	$ 10.2	$ 15.2	$ 15.1
Contract with Customer, Asset, Allowance for Credit Loss	$ 16.6
Average annual loss rate period (in years)	3 years
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Advances to growers, term	1 year
Longer Term Advances to Growers | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Advances to growers, term	5 years

Allowance for Credit Losses - R

Allowance for Credit Losses - Rollforward of Trade Receivable Allowance for Credit Losses (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 10.2	$ 15.1
Provision for uncollectible amounts	(0.3)	0.1
Deductions to allowance related to write-offs	(0.3)	0
Foreign exchange effects	(0.2)	0
Reclassifications	(0.3)	0
Balance, end of period	$ 9.1	$ 15.2

Allowance for Credit Losses - A

Allowance for Credit Losses - Advances to Growers Along with the Related Allowance for Doubtful Accounts (Details) - Advances to Growers - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Current
Gross advances to growers and suppliers	$ 45.1	$ 40.6
Past-Due
Gross advances to growers and suppliers	$ 4.2	$ 5.5

Allowance for Credit Losses -_2

Allowance for Credit Losses - Allowance for Doubtful Accounts and Related Financing Receivables (Details) - Advances to Growers - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 1.8	$ 2.1
Provision for uncollectible amounts	0.3	(0.2)
Deductions to allowance related to write-offs	(0.1)	(0.2)
Balance, end of period	$ 2	$ 1.7

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details)						1 Months Ended	6 Months Ended
	Jun. 15, 2022 shares	Jun. 02, 2022 shares	May 04, 2021 shares	Mar. 30, 2021 shares	Mar. 01, 2021 shares	Aug. 03, 2022 shares	Jul. 01, 2022 shares	Jul. 01, 2022	Jul. 01, 2022 installment	Jul. 01, 2022 anniversaryDate
2022 Omnibus Share Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized		2,800,000
Number of shares issued on contingent right to receive, per RSU or PSU							1
2014 Omnibus Share Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares remaining avaialable		270,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vest in equal installments									3	4
Restricted Stock Units (RSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (as a percent)								0%
Restricted Stock Units (RSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (as a percent)								100%
Restricted Stock Units (RSUs) | 2022 Omnibus Share Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)	105,614	41,307
Restricted Stock Units (RSUs) | 2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, percent that vest immediately								20%
Vesting rights percentage at each anniversaries								20%
Shares of restricted stock awarded (shares)			30,317	2,500	290,021
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vest in equal installments									3	3
Performance Stock Units (PSUs) [Member] | 2022 Omnibus Share Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)	46,222
Performance Stock Units (PSUs) [Member] | 2022 Omnibus Share Incentive Plan | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)						101,672
Performance Stock Units (PSUs) [Member] | 2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)					118,192

Stock-based compensation expens

Stock-based compensation expense included in selling, general and administrative expenses - Table (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
RSUs/PSUs | Selling, General and Administrative Expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 1.1	$ 2.1	$ 2.8	$ 3.7

Share-Based Compensation - RSU

Share-Based Compensation - RSU and PSUs awarded - Table (Details) - $ / shares						1 Months Ended
	Jun. 15, 2022	Jun. 02, 2022	May 04, 2021	Mar. 30, 2021	Mar. 01, 2021	Aug. 03, 2022
2014 Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)			30,317	2,500	290,021
Price per share (usd per share)			$ 28.86	$ 28.67	$ 25.85
2014 Plan | Performance Stock Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)					118,192
Price per share (usd per share)					$ 25.85
2022 Omnibus Share Incentive Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)	105,614	41,307
Price per share (usd per share)	$ 23.71	$ 25.42
2022 Omnibus Share Incentive Plan | Performance Stock Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)	46,222
Price per share (usd per share)	$ 23.71
2022 Omnibus Share Incentive Plan | Performance Stock Units (PSUs) [Member] | Subsequent Event
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)						101,672
Price per share (usd per share)						$ 31.27

Inventories, net (Details)

Inventories, net (Details) - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 180.6	$ 197.9
Raw materials and packaging supplies	200.1	203.2
Growing crops	187.8	201.7
Total inventories, net	$ 568.5	$ 602.8

Debt and Finance Lease Obliga_3

Debt and Finance Lease Obligations - Schedule of Debt and Finance Lease Obligations (Details) - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Long-Term Debt and Lease Obligation [Abstract]
Senior unsecured revolving credit facility	$ 462.7	$ 519.1
Finance lease obligations	9.2	9.9
Total debt and finance lease obligations	471.9	529
Less: Current maturities	(1.3)	(1.3)
Long-term debt and finance lease obligations	$ 470.6	$ 527.7

Debt and Finance Lease Obliga_4

Debt and Finance Lease Obligations - Schedule of material terms of the credit facility and other working capital facilities (Details) - USD ($) $ in Millions		6 Months Ended
	Oct. 01, 2019	Jul. 01, 2022
Debt Instrument [Line Items]
Borrowing limit		$ 1,144.5
Available borrowings		661.2
Other Working Capital Facilities
Debt Instrument [Line Items]
Borrowing limit		19.5
Available borrowings		$ 7.8
Revolving Credit Facility | Unsecured Debt
Debt Instrument [Line Items]
Term	5 years	5 years
Debt Instrument, Maturity Date, Description		October 1, 2024
Interest rate		3.11%
Borrowing limit	$ 1,100	$ 1,100
Available borrowings		$ 637.3
Rabobank Nederland
Debt Instrument [Line Items]
Term		364 days
Debt Instrument, Maturity Date, Description		June 14, 2023
Borrowing limit		$ 25
Available borrowings		$ 16.1

Debt and Finance Lease Obliga_5

Debt and Finance Lease Obligations - Narrative (Details) - USD ($) $ in Millions			6 Months Ended
	Jun. 15, 2022	Oct. 01, 2019	Jul. 01, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Borrowing limit			$ 1,144.5
Amount outstanding			26.9
Other Working Capital Facilities
Line of Credit Facility [Line Items]
Borrowing limit			$ 19.5
Revolving Credit Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Term		5 years	5 years
Borrowing limit		$ 1,100	$ 1,100
Line of Credit Facility, Increase (Decrease), Net		$ 300
Debt Instrument, Covenant Description		25 million
Line of Credit Facility, Capacity Available for Trade Purchases		$ 150
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 non-current assets
Line of Credit Facility [Line Items]
Capitalized debt issuance costs			$ 1	$ 1.3
Rabobank Nederland
Line of Credit Facility [Line Items]
Term			364 days
Borrowing limit			$ 25
Expiration period	364 days
Amount outstanding	$ 25
Minimum | Eurodollar [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		1%
Minimum | Base Rate [Member]
Line of Credit Facility [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		0%
Minimum | Revolving Credit Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Debt Instrument, Covenant Description		2.25
Maximum
Line of Credit Facility [Line Items]
Credit Agreement term in percentage		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 | Unsecured Debt
Line of Credit Facility [Line Items]
Debt Instrument, Covenant Description		2.50
Maximum | Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt Instrument, Covenant Description		3.50
Maximum | Revolving Credit Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Debt Instrument, Covenant Description		3.25

Commitments and Contingencies (

Commitments and Contingencies (Details) - Kunia Well Site $ in Millions	12 Months Ended
	Dec. 31, 1980 subsidiary	Jul. 01, 2022 USD ($)
Commitments and Contingencies Disclosure [Line Items]
Number of plaintiffs | subsidiary	1
Kunia Well Site cleanup operation, undiscounted estimated remediation costs associated with the cleanup		$ 12.8
Accrual for environmental loss contingencies, undiscounted, due within one year		0.4
Accrual for environmental loss contingencies, undiscounted, due in second year		1.1
Accrual for environmental loss contingencies, undiscounted, due in third year		0.9
Accrual for environmental loss contingencies, undiscounted, due in fourth year		0.9
Accrual for environmental loss contingencies, undiscounted, due in fifth year		0.9
Other noncurrent liabilities
Commitments and Contingencies Disclosure [Line Items]
Kunia Well Site cleanup operation, accrual for the expected future clean-up costs		12.4
Accounts payable and accrued expenses
Commitments and Contingencies Disclosure [Line Items]
Kunia Well Site cleanup operation, accrual for the expected future clean-up costs		$ 0.4

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Numerator:
Net income attributable to Fresh Del Monte Produce Inc.	$ 21.2	$ 47.2	$ 46.9	$ 89.9
Denominator:
Weighted average number of ordinary shares - Basic (shares)	47,825,758	47,518,668	47,745,440	47,473,315
Effect of dilutive securities - share-based employee options and awards (shares)	61,365	180,868	126,264	146,389
Weighted average number of ordinary shares - Diluted (shares)	47,887,123	47,699,536	47,871,704	47,619,704
Antidilutive awards (shares)	104,707	20,340	104,707	20,340
Net income per ordinary share attributable to Fresh Del Monte Produce Inc.:
Basic (usd per share)	$ 0.44	$ 0.99	$ 0.98	$ 1.89
Diluted (usd per share)	$ 0.44	$ 0.99	$ 0.98	$ 1.89

Retirement and Other Employee_3

Retirement and Other Employee Benefits (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1.4	$ 1.6	$ 2.9	$ 3.1
Interest cost	1.4	1.3	2.7	2.7
Expected return on assets	(0.7)	(0.5)	(1.4)	(1.1)
Amortization of net actuarial loss	0.1	0.1	0.3	0.3
Net periodic benefit costs	2.2	2.5	4.5	5
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit costs	$ 0.9	$ 0.9	$ 1.7	$ 1.8

Business Segment Data - Segment

Business Segment Data - Segment Reconciliations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Segment Reporting Information [Line Items]
Net sales	$ 1,211.9	$ 1,141.6	$ 2,348.9	$ 2,229.9
Gross profit	80.7	110	170.5	215.1
North America
Segment Reporting Information [Line Items]
Net sales	744.4	680.7	1,434.4	1,329.2
Europe
Segment Reporting Information [Line Items]
Net sales	201.4	190.5	400.9	380.5
Asia
Segment Reporting Information [Line Items]
Net sales	133.4	145.5	247.6	268.3
Middle East
Segment Reporting Information [Line Items]
Net sales	111.6	110.1	214.7	214.8
Other
Segment Reporting Information [Line Items]
Net sales	21.1	14.8	51.3	37.1
Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	732.4	674	1,405.1	1,305
Gross profit	49.4	58.3	93.8	110.6
Fresh and value-added products | Prior Period Reclassification Adjustment
Segment Reporting Information [Line Items]
Gross profit		1		1.7
Banana
Segment Reporting Information [Line Items]
Net sales	421.6	426.7	827.6	844.9
Gross profit	22.2	48.1	60	98
Banana | Prior Period Reclassification Adjustment
Segment Reporting Information [Line Items]
Gross profit		1.4		2.1
Other products and services
Segment Reporting Information [Line Items]
Net sales	57.9	40.9	116.2	80
Gross profit	$ 9.1	3.6	$ 16.7	6.5
Other products and services | Prior Period Reclassification Adjustment
Segment Reporting Information [Line Items]
Gross profit		$ 2.4		$ 3.8

Business Segment Data - Net Sal

Business Segment Data - Net Sales By Product (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Segment Reporting Information [Line Items]
Net sales	$ 1,211.9	$ 1,141.6	$ 2,348.9	$ 2,229.9
Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	732.4	674	1,405.1	1,305
Fresh and value-added products | Fresh-cut fruit
Segment Reporting Information [Line Items]
Net sales	145.5	135.1	267.4	248.3
Fresh and value-added products | Fresh-cut vegetables
Segment Reporting Information [Line Items]
Net sales	89.5	93.2	173.1	182.1
Fresh and value-added products | Pineapples
Segment Reporting Information [Line Items]
Net sales	166.2	147.9	297.8	271.9
Fresh and value-added products | Avocados
Segment Reporting Information [Line Items]
Net sales	107.7	86.2	197.6	169.7
Fresh and value-added products | Non-tropical fruit
Segment Reporting Information [Line Items]
Net sales	64	58.3	127.4	118.4
Fresh and value-added products | Prepared foods
Segment Reporting Information [Line Items]
Net sales	74.6	72.7	148.6	147.3
Fresh and value-added products | Melons
Segment Reporting Information [Line Items]
Net sales	25.8	17.9	69.5	44.9
Fresh and value-added products | Tomatoes
Segment Reporting Information [Line Items]
Net sales	6.5	9.3	13	18
Fresh and value-added products | Vegetables
Segment Reporting Information [Line Items]
Net sales	29.5	32.4	65.5	63.6
Fresh and value-added products | Other fruit and vegetables
Segment Reporting Information [Line Items]
Net sales	23.1	21	45.2	40.8
Banana
Segment Reporting Information [Line Items]
Net sales	421.6	426.7	827.6	844.9
Other products and services
Segment Reporting Information [Line Items]
Net sales	$ 57.9	$ 40.9	$ 116.2	$ 80
Sales | Product Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	100%	100%	100%	100%
Sales | Product Concentration Risk | Fresh and value-added products
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	60%	59%	60%	59%
Sales | Product Concentration Risk | Fresh and value-added products | Fresh-cut fruit
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	12%	12%	12%	11%
Sales | Product Concentration Risk | Fresh and value-added products | Fresh-cut vegetables
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	7%	8%	7%	8%
Sales | Product Concentration Risk | Fresh and value-added products | Pineapples
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	14%	13%	13%	12%
Sales | Product Concentration Risk | Fresh and value-added products | Avocados
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	9%	7%	8%	8%
Sales | Product Concentration Risk | Fresh and value-added products | Non-tropical fruit
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	5%	5%	5%	5%
Sales | Product Concentration Risk | Fresh and value-added products | Prepared foods
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	6%	6%	6%	7%
Sales | Product Concentration Risk | Fresh and value-added products | Melons
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	2%	2%	3%	2%
Sales | Product Concentration Risk | Fresh and value-added products | Tomatoes
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	1%	1%	1%	1%
Sales | Product Concentration Risk | Fresh and value-added products | Vegetables
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	2%	3%	3%	3%
Sales | Product Concentration Risk | Fresh and value-added products | Other fruit and vegetables
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	2%	2%	2%	2%
Sales | Product Concentration Risk | Banana
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	35%	37%	35%	38%
Sales | Product Concentration Risk | Other products and services
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	5%	4%	5%	3%

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, Ksh in Millions, $ in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022 USD ($)	Jul. 02, 2021 USD ($)	Jul. 01, 2022 USD ($)	Jul. 02, 2021 USD ($)	Jul. 01, 2022 EUR (€)	Jul. 01, 2022 GBP (£)	Jul. 01, 2022 JPY (¥)	Jul. 01, 2022 CLP ($)	Jul. 01, 2022 KES (Ksh)	Jul. 01, 2022 KRW (₩)
Derivative [Line Items]
Other expense, net	$ (2.6)	$ (1.6)	$ (6.7)	$ (3.7)
Foreign exchange contracts
Derivative [Line Items]
Notional amount					€ 99.6	£ 11.6	¥ 4,862.9	$ 35,113.6	Ksh 1,433.6	₩ 10,677

Derivative Financial Instrume_4

Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Derivative [Line Items]
Derivative, Net Liability Position, Aggregate Fair Value	$ 15.2		$ 15.2
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			9.1
Cash Flow Hedge Gain (Loss) to be Reclassified during the next 6 years	(6.2)		(6.2)
Other expense, net	(2.6)	$ (1.6)	$ (6.7)	$ (3.7)
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer			6 years
Net amount of gain (loss) recognized in other comprehensive income (loss) on derivatives	6.6	$ (7.6)	$ 44.4	$ 18
Prepaid expenses and other current assets
Derivative [Line Items]
Bunker Fuel Hedges	0		0
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

Derivative Financial Instrume_5

Derivative Financial Instruments - Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Jul. 01, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, assets	$ 17.5	$ 0.5
Interest rate swaps, asset	0.9	0
Total	18.4	0.5
Foreign currency forward contracts, Liability	13.1	14.2
Interest rate swaps, liability	2.1	29.4
Total	15.2	43.6
Cash Flow Hedge Gain (Loss) to be Reclassified during the next 6 years	(6.2)
Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, assets	17.5	0.5
Bunker Fuel Hedges	0
Interest rate swaps, asset	0	0
Total	17.5	0.5
Other non-current assets
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, assets	0	0
Interest rate swaps, asset	0.9	0
Total	0.9	0
Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, Liability	8.7	8.1
Interest rate swaps, liability	0	0
Total	8.7	8.1
Other noncurrent liabilities
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, Liability	4.4	6.1
Interest rate swaps, liability	2.1	29.4
Total	$ 6.5	$ 35.5

Derivative Financial Instrume_6

Derivative Financial Instruments - Effect on Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Net amount of gain (loss) recognized in other comprehensive income (loss) on derivatives	$ 6.6	$ (7.6)	$ 44.4	$ 18
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Net amount of gain (loss) recognized in other comprehensive income (loss) on derivatives	2.2	(4.5)	19.8	6.7
Bunker fuel swaps
Derivative Instruments, Gain (Loss) [Line Items]
Net amount of gain (loss) recognized in other comprehensive income (loss) on derivatives	0	(1.6)	0	0.8
Interest rate swaps, net of tax
Derivative Instruments, Gain (Loss) [Line Items]
Net amount of gain (loss) recognized in other comprehensive income (loss) on derivatives	$ 4.4	$ (1.5)	$ 24.6	$ 10.5

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Summary of fair values of assets and liabilities measured on recurring basis (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from sales of property, plant and equipment	$ 6.3	$ 11
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 asset (liability)	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 asset (liability)	4.4		(13.7)
Interest rate contracts, net liability	(1.2)		(29.4)
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 asset (liability)	0		0
Interest rate contracts, net liability	$ 0		$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) $ in Millions	6 Months Ended
	Jul. 01, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from sale of property held-for-sale	$ 4.5
Gain on disposal of property, plant and equipment, net	1.8
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	26.1
Property, Plant and Equipment | UNITED STATES
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale related to discontinuance of different assets	16.1
Property, Plant and Equipment | South America
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale related to discontinuance of different assets	4
Property, Plant and Equipment | Asia and Central America [Domain]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale related to discontinuance of different assets	5
Property, Plant and Equipment | Middle East
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale related to discontinuance of different assets	$ 1

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Changes in OCI (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	$ 1,824
Other comprehensive (loss) income, before reclassifications	23.5	$ 9.5
Amounts reclassified from accumulated other comprehensive (loss) income	0	3.3
Net current period other comprehensive (loss) income	23.5	12.8
Balance, value	1,883.2
Foreign currency transaction and translation gain (loss)	7	3.1
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	(3.6)	(1.6)
Cash Flow Hedges
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	(40.9)	(49.6)
Other comprehensive (loss) income, before reclassifications	44.8	15.2
Amounts reclassified from accumulated other comprehensive (loss) income	(0.4)	2.8
Net current period other comprehensive (loss) income	44.4	18
Balance, value	3.5	(31.6)
Foreign Currency Translation Adjustment
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	(17.4)	(3.3)
Other comprehensive (loss) income, before reclassifications	(21.4)	(4.3)
Amounts reclassified from accumulated other comprehensive (loss) income	0	0
Net current period other comprehensive (loss) income	(21.4)	(4.3)
Balance, value	(38.8)	(7.6)
Retirement Benefit Adjustment
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	(8.6)	(24.1)
Other comprehensive (loss) income, before reclassifications	0.1	(1.4)
Amounts reclassified from accumulated other comprehensive (loss) income	0.4	0.5
Net current period other comprehensive (loss) income	0.5	(0.9)
Balance, value	(8.1)	(25)
Total
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	(66.9)	(77)
Balance, value	$ (43.4)	$ (64.2)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Reclassification from OCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax			$ (3.6)	$ (1.6)
Net sales	$ 1,211.9	$ 1,141.6	2,348.9	2,229.9
Cost of products sold	(1,131.2)	(1,031.6)	(2,178.4)	(2,014.8)
Interest expense	(5.8)	(5.2)	(11.1)	(10.6)
Total	21.2	47.2	46.9	89.9
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Cash flow hedges:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	(7.8)	0.1	(9.4)	0.7
Cost of products sold	0.9	0.2	4.1	0.6
Interest expense	2.1	2.9	4.9	5.7
Total	(4.8)	1.6	(0.4)	2.8
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Cash flow hedges: | Not Designated as Hedging Instrument [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of products sold	0	(1.6)	0	(3.2)
Other expense, net	0	0	0	(1)
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Amortization of retirement benefits:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other expense, net	0.2	0.3	0.4	0.5
Total	$ 0.2	$ 0.3	$ 0.4	$ 0.5

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions						3 Months Ended		6 Months Ended
	Aug. 02, 2022	Jun. 10, 2022	Apr. 01, 2022	Jun. 11, 2021	Apr. 02, 2021	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021	Dec. 31, 2021
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)						47,832,974		47,832,974		47,554,695
Ordinary shares, outstanding (shares)						47,832,974		47,832,974		47,554,695
Dividends declared per ordinary share (usd per share)		$ 0.15	$ 0.15	$ 0.10	$ 0.10	$ 0.15	$ 0.10	$ 0.30	$ 0.20
Payments of dividends, common stock								$ 14.3	$ 9.5
Subsequent Event
Class of Stock [Line Items]
Dividends declared per ordinary share (usd per share)	$ 0.15

Shareholders' Equity - Dividend

Shareholders' Equity - Dividends (Details) - $ / shares					3 Months Ended		6 Months Ended
	Jun. 10, 2022	Apr. 01, 2022	Jun. 11, 2021	Apr. 02, 2021	Jul. 01, 2022	Jul. 02, 2021	Jul. 01, 2022	Jul. 02, 2021
Stockholders' Equity Note [Abstract]
Cash Dividend Declared, per Ordinary Share (usd per share)	$ 0.15	$ 0.15	$ 0.10	$ 0.10	$ 0.15	$ 0.10	$ 0.30	$ 0.20