Fresh Del Monte Produce (FDP) 10-Q 2 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 28, 2024	Jul. 26, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 28, 2024
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)		47,936,764
Entity Central Index Key	0001047340
Current Fiscal Year End Date	--12-27
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Jun. 28, 2024	Dec. 29, 2023
Current assets:
Cash and cash equivalents	$ 37.8	$ 33.8
Trade accounts receivable, net of allowance of $27.6 and $20.8, respectively	408.1	387
Other accounts receivable, net of allowance of $6.1 and $5.6, respectively	86.2	95.1
Inventories, net	537.4	599.9
Assets held for sale	10.9	4.5
Prepaid expenses and other current assets	23.8	24
Total current assets	1,104.2	1,144.3
Investments in and advances to unconsolidated companies	30.8	22.2
Property, plant and equipment, net	1,221.3	1,256.4
Operating lease right-of-use assets	196.1	213.8
Goodwill	401.7	401.9
Intangible assets, net	33.2	33.3
Deferred income taxes	53.9	51.5
Other noncurrent assets	67.9	60.7
Total assets	3,109.1	3,184.1
Current liabilities:
Accounts payable and accrued expenses	467.2	479
Current maturities of debt and finance leases	1.4	1.4
Current maturities of operating leases	41.4	48.6
Income taxes and other taxes payable	22	11.6
Total current liabilities	532	540.6
Long-term debt and finance leases	290.4	406.1
Retirement benefits	81.5	82.3
Deferred income taxes	78.5	72.7
Operating leases, less current maturities	130.7	142.1
Other noncurrent liabilities	25.8	27.6
Total liabilities	1,138.9	1,271.4
Commitments and Contingencies (See note 9)
Redeemable noncontrolling interests	0	0
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; 47,935,668 and 47,629,018 issued and outstanding, respectively	0.5	0.5
Paid-in capital	600.9	597.7
Retained earnings	1,396.9	1,341.4
Accumulated other comprehensive loss	(44.2)	(43.3)
Total Fresh Del Monte Produce Inc. shareholders' equity	1,954.1	1,896.3
Noncontrolling interests	16.1	16.4
Total shareholders' equity	1,970.2	1,912.7
Total liabilities, redeemable noncontrolling interest and shareholders' equity	$ 3,109.1	$ 3,184.1

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 28, 2024	Dec. 29, 2023
Statement of Financial Position [Abstract]
Allowance for Trade accounts receivable	$ 27.6	$ 20.8
Allowance for Other accounts receivable	$ 6.1	$ 5.6
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)	47,935,668	47,629,018
Ordinary shares, outstanding (shares)	47,935,668	47,629,018

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net sales	$ 1,139.7	$ 1,180.5	$ 2,247.5	$ 2,309
Cost of products sold	1,026.5	1,063.7	2,052.1	2,095.2
Gross profit	113.2	116.8	195.4	213.8
Selling, general and administrative expenses	49.9	46.8	100.5	94.4
Gain on disposal of property, plant and equipment, net and subsidiary	3.6	6.7	18.3	34.2
Asset impairment and other (credits) charges, net	(1.3)	4.6	1	7.1
Operating income	68.2	72.1	112.2	146.5
Interest expense	5.2	6.5	10.4	14.4
Interest income	0.3	0.4	0.6	0.5
Other (income) expense, net	(2.3)	6.4	5.4	15.7
Income before income taxes	65.6	59.6	97	116.9
Income before income taxes	12.3	11.3	17.6	20.9
Net income	53.3	48.3	79.4	96
Net income	(0.3)	0.6	(0.3)	9.3
Less: Net (loss) income attributable to redeemable and noncontrolling interests	$ 53.6	$ 47.7	$ 79.7	$ 86.7
Net income per ordinary share attributable to Fresh Del Monte Produce Inc. - Basic (usd per share)	$ 1.12	$ 0.99	$ 1.67	$ 1.81
Net income per ordinary share attributable to Fresh Del Monte Produce Inc. - Diluted (usd per share)	1.12	0.99	1.66	1.80
Dividends declared per ordinary share (usd per share)	$ 0.25	$ 0.20	$ 0.50	$ 0.35
Dividends declared per ordinary share
Basic (shares)	47,919,451	48,032,711	47,814,403	47,962,822
Diluted (shares)	47,975,217	48,213,033	47,939,568	48,183,287

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 53.3	$ 48.3	$ 79.4	$ 96
Other comprehensive income:
Net unrealized gain on derivatives, net of tax	1	4.3	6.8	4.3
Net unrealized foreign currency translation (loss) gain	(2.1)	0.7	(6.7)	2.7
Net change in retirement benefit adjustment, net of tax	(0.4)	0.4	(1)	0
Comprehensive income	51.8	53.7	78.5	103
Less: comprehensive (loss) income attributable to redeemable and noncontrolling interests	(0.3)	0.6	(0.3)	9.3
Comprehensive income attributable to Fresh Del Monte Produce Inc.	$ 52.1	$ 53.1	$ 78.8	$ 93.7

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023	Dec. 29, 2023
Operating activities:
Net income	$ 53.3	$ 48.3	$ 79.4	$ 96
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			39.7	43.7
Amortization of debt issuance costs			0.3	0.2
Share-based compensation expense			2.8	5.1
Asset impairments	0.7	2.8	0.7	2.8
Change in uncertain tax positions			(1.5)	0.4
Gain on disposal of property, plant and equipment, net and subsidiary			(18.3)	(34.2)
Deferred income taxes			3.3	(6.1)
Other, net			0.4	0.2
Changes in operating assets and liabilities
Receivables			(21.9)	(44.3)
Inventories			60.4	81.8
Prepaid expenses and other current assets			(0.3)	0.4
Accounts payable and accrued expenses			3.7	(17)
Other assets and liabilities			(5)	3.7
Net cash provided by operating activities			143.7	132.7
Investing activities:
Capital expenditures			(20.7)	(18.9)
Proceeds from sales of property, plant and equipment			21.1	96.8
Proceeds from Insurance Settlement, Investing Activities			5.7	0
Investments in and advances to unconsolidated companies			(4.5)	(3.7)
Other investing activities			0	0.5
Net cash provided by investing activities			1.6	73.7
Financing activities:
Proceeds from debt			127	232.9
Payments on debt			(242)	(372.2)
Purchase of redeemable noncontrolling interest			0	(5.2)
Distributions to noncontrolling interests			0	(17.8)
Share-based awards settled in cash for taxes			(0.9)	(0.7)
Dividends paid			(23.9)	(16.8)
Payment of deferred financing costs			(2.2)	0
Other financing activities			(2.3)	(0.4)
Net cash used in financing activities			(144.3)	(180.2)
Effect of exchange rate changes on cash			3	0.4
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total			4	26.6
Cash and cash equivalents, beginning			33.8	17.2	$ 17.2
Cash and cash equivalents, ending	$ 37.8	$ 43.8	37.8	43.8	$ 33.8
Supplemental cash flow information:
Cash paid for interest			9.9	14.2
Cash paid for income taxes			7.1	8.7
Non-cash financing and investing activities:
Right-of-use assets obtained in exchange for new operating lease obligations			11.4	36.7
Dividends on restricted share units			0.4	0.4
Non-cash conversion of note receivable in exchange for investment in unconsolidated company			0.7	0
Other accounts receivable obtained from disposition of subsidiary			$ 0	$ 17

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY AND REDEEMABLE NONCONTROLLING INTEREST (Unaudited) - USD ($) $ in Millions	Total	Ordinary Shares	Ordinary Shares 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 Dec. 30, 2022		47,838,680
Balance, value at Dec. 30, 2022		$ 0.5		$ 548.1	$ 1,397.6	$ (41.5)	$ 1,904.7	$ 20.9	$ 49.4	$ 1,925.6
Exercises of stock options (shares)			2,418
Settlement of restricted stock units (shares)		157,648
Share-based payment expense				2.3			2.3			2.3
Distribution to noncontrolling interests								0	0.3	0
Dividend declared				(0.3)	(7.5)		(7.2)			(7.2)
Comprehensive income:
Net income					39		39	8.5	0.3	47.5
Net unrealized gain on derivatives, net of tax						0	0			0
Net unrealized foreign currency translation (loss) gain						2	2			2
Change in retirement benefit adjustment, net of tax						(0.4)	(0.4)			(0.4)
Comprehensive income (loss)							40.6	8.5	0.3	49.1
Balance, shares (shares) at Mar. 31, 2023		47,998,746
Balance, value at Mar. 31, 2023		$ 0.5		550.7	1,429.1	(39.9)	1,940.4	29.4	49.4	1,969.8
Balance, shares (shares) at Dec. 30, 2022		47,838,680
Balance, value at Dec. 30, 2022		$ 0.5		548.1	1,397.6	(41.5)	1,904.7	20.9	49.4	1,925.6
Comprehensive income:
Net income	$ 96
Net unrealized gain on derivatives, net of tax	4.3
Net unrealized foreign currency translation (loss) gain	2.7
Change in retirement benefit adjustment, net of tax	0
Comprehensive income (loss)	$ 103
Balance, shares (shares) at Jun. 30, 2023		48,086,949
Balance, value at Jun. 30, 2023		$ 0.5		596.3	1,467.1	(34.5)	2,029.4	16.1	0	2,045.5
Balance, shares (shares) at Dec. 30, 2022		47,838,680
Balance, value at Dec. 30, 2022		$ 0.5		548.1	1,397.6	(41.5)	1,904.7	20.9	49.4	1,925.6
Settlement of redeemable noncontrolling interests				42.7
Balance, shares (shares) at Dec. 29, 2023	47,629,018	47,629,018
Balance, value at Dec. 29, 2023	$ 1,912.7	$ 0.5		597.7	1,341.4	(43.3)	1,896.3	16.4	0	1,912.7
Balance, shares (shares) at Mar. 31, 2023		47,998,746
Balance, value at Mar. 31, 2023		$ 0.5		550.7	1,429.1	(39.9)	1,940.4	29.4	49.4	1,969.8
Settlement of restricted stock units (shares)		88,203
Share-based payment expense				2.8			2.8			2.8
Distribution to noncontrolling interests								14.3	1.1	14.3
Settlement of redeemable noncontrolling interests				42.7			42.7		(47.9)	42.7
Dividend declared				(0.1)	(9.7)		(9.6)			(9.6)
Comprehensive income:
Net income	48.3				47.7		47.7	1	(0.4)	48.7
Net unrealized gain on derivatives, net of tax	4.3					4.3	4.3			4.3
Net unrealized foreign currency translation (loss) gain	0.7					0.7	0.7			0.7
Change in retirement benefit adjustment, net of tax	0.4					0.4	0.4			0.4
Comprehensive income (loss)	$ 53.7						53.1	1	(0.4)	54.1
Balance, shares (shares) at Jun. 30, 2023		48,086,949
Balance, value at Jun. 30, 2023		$ 0.5		596.3	1,467.1	(34.5)	2,029.4	16.1	0	2,045.5
Balance, shares (shares) at Dec. 29, 2023	47,629,018	47,629,018
Balance, value at Dec. 29, 2023	$ 1,912.7	$ 0.5		597.7	1,341.4	(43.3)	1,896.3	16.4	0	1,912.7
Settlement of restricted stock units (shares)		267,114
Share-based payment expense				0.6			0.6			0.6
Dividend declared				0.4	(12.3)		(11.9)			(11.9)
Comprehensive income:
Net income					26.1		26.1	0	0	26.1
Net unrealized gain on derivatives, net of tax						5.8	5.8			5.8
Net unrealized foreign currency translation (loss) gain						(4.6)	(4.6)			(4.6)
Change in retirement benefit adjustment, net of tax						(0.6)	(0.6)			(0.6)
Comprehensive income (loss)							26.7	0	0	26.7
Balance, shares (shares) at Mar. 29, 2024		47,896,132
Balance, value at Mar. 29, 2024		$ 0.5		598.7	1,355.2	(42.7)	1,911.7	16.4	0	1,928.1
Balance, shares (shares) at Dec. 29, 2023	47,629,018	47,629,018
Balance, value at Dec. 29, 2023	$ 1,912.7	$ 0.5		597.7	1,341.4	(43.3)	1,896.3	16.4	0	1,912.7
Comprehensive income:
Net income	79.4
Net unrealized gain on derivatives, net of tax	6.8
Net unrealized foreign currency translation (loss) gain	(6.7)
Change in retirement benefit adjustment, net of tax	(1)
Comprehensive income (loss)	$ 78.5
Balance, shares (shares) at Jun. 28, 2024	47,935,668	47,935,668
Balance, value at Jun. 28, 2024	$ 1,970.2	$ 0.5		600.9	1,396.9	(44.2)	1,954.1	16.1	0	1,970.2
Balance, shares (shares) at Mar. 29, 2024		47,896,132
Balance, value at Mar. 29, 2024		$ 0.5		598.7	1,355.2	(42.7)	1,911.7	16.4	0	1,928.1
Settlement of restricted stock units (shares)		39,536
Share-based payment expense				2.2			2.2			2.2
Dividend declared				0	(11.9)		(11.9)			(11.9)
Comprehensive income:
Net income	53.3				53.6		53.6	(0.3)	0	53.3
Net unrealized gain on derivatives, net of tax	1					1	1			1
Net unrealized foreign currency translation (loss) gain	(2.1)					(2.1)	(2.1)			(2.1)
Change in retirement benefit adjustment, net of tax	(0.4)					(0.4)	(0.4)			(0.4)
Comprehensive income (loss)	$ 51.8						52.1	(0.3)	0	51.8
Balance, shares (shares) at Jun. 28, 2024	47,935,668	47,935,668
Balance, value at Jun. 28, 2024	$ 1,970.2	$ 0.5		$ 600.9	$ 1,396.9	$ (44.2)	$ 1,954.1	$ 16.1	$ 0	$ 1,970.2

General

General	6 Months Ended
	Jun. 28, 2024
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 production operations are located in North, Central and South America, Asia and Africa. Our products are sourced from company-owned operations and through supply contracts with independent growers. 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 third-party freight and logistic services business and our Jordanian poultry and meats business. Basis of Presentation The accompanying unaudited Consolidated Financial Statements for the quarter and six months ended June 28, 2024 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. They do not include all information and notes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments of a normal recurring nature considered necessary for fair presentation have been included. Operating results for the quarter and six months ended June 28, 2024 are subject to significant seasonal variations and are not necessarily indicative of the results that may be expected for the year ending December 27, 2024. 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 29, 2023. We are required to evaluate events occurring after June 28, 2024 for recognition and disclosure in the unaudited Consolidated Financial Statements for the quarter and six months ended June 28, 2024. Events are evaluated based on whether they represent information existing as of June 28, 2024, which require recognition in the unaudited Consolidated Financial Statements, or new events occurring after June 28, 2024 which do not require recognition but require disclosure if the event is significant to the unaudited Consolidated Financial Statements. We evaluated events occurring subsequent to June 28, 2024 through the date of issuance of these unaudited Consolidated Financial Statements. Redeemable Noncontrolling Interest As part of the Mann Packing acquisition in 2018, we acquired a put option exercisable by the 25% shareholder of one of the acquired subsidiaries. The put option allowed the noncontrolling shareholder to sell its 25% noncontrolling interest to us for a multiple of the subsidiary's adjusted earnings. As the put option was outside of our control, the carrying value of the 25% noncontrolling interest was presented as a redeemable noncontrolling interest outside of permanent equity on our Consolidated Balance Sheet. At each reporting period, the redeemable noncontrolling interest was recognized at the higher of (1) the initial carrying amount adjusted for accumulated earnings and distributions or (2) the contractually-defined redemption value as of the balance sheet date. During the year ended December 29, 2023, the noncontrolling shareholder exercised its put option right and accordingly, we closed the purchase of the remaining 25% of this subsidiary for $5.2 million in cash consideration. The transaction was accounted for as an equity transaction, with the differential between the redeemable noncontrolling interest carrying amount at the time of closing and the cash purchase price being recognized as a $42.7 million increase in paid-in capital within shareholders' equity on our Consolidated Balance Sheet.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 28, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements New Accounting Pronouncements

Asset Impairment and Other Char

Asset Impairment and Other Charges (Credits), Net	6 Months Ended
	Jun. 28, 2024
Asset Impairment and Other Charges (Credits), Net [Abstract]
Asset Impairment and Other Charges (Credits), Net	The following represents a summary of asset impairment and other (credits) charges, net recorded during the quarters and six months ended June 28, 2024 and June 30, 2023 (U.S. dollars in millions): Quarter ended Six months ended June 28, 2024 June 28, 2024 Long-lived and other Exit activity and other Total Long-lived and other Exit activity and other Total Banana segment: California Air Resource Board reserve (1) $ — $ — $ — $ — $ 0.5 $ 0.5 Philippines impairment of banana-related fixed assets 1.2 — 1.2 1.2 — 1.2 Fresh and value-added products segment: Insurance recovery related to South American warehouse — (2.0) (2.0) — (2.0) (2.0) Reduction in repair reserves related to 2023 flooding in Greece (2) (0.5) — (0.5) (0.5) — (0.5) Other: Legal settlement (3) — — — — 1.8 1.8 Total asset impairment and other (credits) charges, net $ 0.7 $ (2.0) $ (1.3) $ 0.7 $ 0.3 $ 1.0 Quarter ended Six months ended June 30, 2023 June 30, 2023 Long-lived and other Exit activity and other Total Long-lived and other Exit activity and other Total Fresh and value-added products segment: Impairment of low productivity grape vines in South America and related costs $ 1.7 $ 0.1 $ 1.8 $ 1.7 $ 0.1 $ 1.8 Other: 2023 cybersecurity incident expenses (4) — 1.7 1.7 — 4.2 4.2 Impairment of idle land in Central America 1.1 — 1.1 1.1 — 1.1 Total asset impairment and other (credits) charges, net $ 2.8 $ 1.8 $ 4.6 $ 2.8 $ 4.3 $ 7.1 (1) During the six months ended June 28, 2024, we recorded a $0.5 million reserve relating to a potential regulatory matter. Refer to Note 9, “ Commitments and Contingencies. ” (2) Due to damages caused by severe flooding in Greece during the third quarter of 2023, we recorded reserves related to estimated damages to our property, plant and equipment. During the quarter ended June 28, 2024, we determined it was appropriate to reduce this reserve by $0.5 million based on actual repair charges incurred. (3) During the six months ended June 28, 2024, we entered into a settlement agreement with respect to a litigation matter by a former employee regarding a legacy claim stemming from the 1970s. Accordingly, we incurred charges of $1.8 million, net of insurance reimbursements, associated with the settlement as of June 28, 2024. Refer to Note 9, “ Commitments and Contingencies. ” (4)

Income Taxes

Income Taxes	6 Months Ended
	Jun. 28, 2024
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 $171.7 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. 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 on August 10, 2022 the appellate court overturned the denial and granted our injunction for the 2012-2015 audit years. Pursuant to local law, we registered real estate collateral with an approximate fair market value of $6.9 million in connection with the grant of the 2016 audit year injunction. This real estate collateral has a net book value of $3.8 million as of the quarter ended June 28, 2024. In addition, in connection with the grant of the 2012-2015 audit year injunction, we registered real estate collateral with an approximate fair market value of $29.0 million, and a net book value of $4.6 million as of the quarter ended June 28, 2024. 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 intend to exhaust all administrative and judicial remedies necessary in both jurisdictions to resolve the matters, which could be a lengthy process. Additionally, the European Union (EU) Member States formally adopted the EU’s Pillar Two Directive, which generally provides for a minimum effective tax rate of 15%, as established by the Organization for Economic Co-operation and Development (OECD) Pillar Two Framework. Pursuant to the implementation dates prescribed in the Directive, it is expected the rules will be effective for the Company for the 2025 fiscal year. A significant number of other countries are expected to also implement similar legislation with varying effective dates in the future. We are continuing to evaluate the potential impact on future periods of the Pillar Two Framework, pending legislative adoption by additional individual countries, however, we may not be able to completely mitigate the impact of the legislation which could have an adverse material effect on our financial condition, results of operations and cash flows.

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
	Jun. 28, 2024
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 June 28, 2024 and December 29, 2023 were $408.1 million and $387.0 million, net of allowances of $27.6 million and $20.8 million, respectively. Our allowance for trade receivables as of June 28, 2024 consists of two components: a $10.4 million allowance for credit losses and a $17.2 million allowance for customer claims accounted for under the scope of ASC 606 - Revenue Recognition . As of December 29, 2023, our allowance for trade receivables consisted of a $7.4 million allowance for credit losses and a $13.4 million allowance for customer claims accounted for under the scope of ASC 606 - Revenue Recognition . As a result of our robust credit monitoring practices, the industry in which we operate, and the nature of our customer base, the credit losses associated with our trade receivables have historically been insignificant in comparison to our annual net sales. We measure the allowance for credit losses on trade receivables on a collective (pool) basis when similar risk characteristics exist. We generally pool our trade receivables based on the geographic region or country to which the receivables relate. Receivables that do not share similar risk characteristics are evaluated for 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 June 28, 2024 and June 30, 2023 (U.S. dollars in millions): Six months ended Trade receivables June 28, June 30, Allowance for credit losses: Balance, beginning of period $ 7.4 $ 9.3 Provision for uncollectible amounts 3.1 1.0 Deductions to allowance related to write-offs — (2.2) Foreign exchange effects (0.1) — Balance, end of period $ 10.4 $ 8.1 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. 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): June 28, 2024 December 29, 2023 Current Past-Due Current Past-Due Gross advances to growers and suppliers $ 16.0 $ 19.4 $ 25.1 $ 10.8 The allowance for advances to growers and suppliers for the quarters ended June 28, 2024 and June 30, 2023 were as follows (U.S. dollars in millions): Six months ended June 28, June 30, Allowance for advances to growers and suppliers: Balance, beginning of period $ 7.5 $ 4.9 Provision for uncollectible amounts 2.0 2.7 Balance, end of period $ 9.5 $ 7.6

Share-Based Compensation

Share-Based Compensation	6 Months Ended
	Jun. 28, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Share-Based Compensation	Share-Based Compensation We maintain various compensation plans for officers, other employees, and non-employee members of our Board of Directors. On June 2, 2022, our shareholders approved and ratified the 2022 Omnibus Share Incentive Plan (the “2022 Plan”). The 2022 Plan allows us to grant equity-based compensation awards including restricted stock units (“RSUs”), performance stock units (“PSUs”), stock options, and restricted stock awards. The 2022 Plan replaces and supersedes the 2014 Omnibus Share Incentive Plan (the “Prior Plan”). No awards can be granted under the Prior Plan upon adoption of the 2022 Plan. Under the 2022 Plan, the Board of Directors is authorized to award up to (i) 2,800,000 ordinary shares plus (ii) any ordinary shares remaining available for future awards under the Prior Plan at the time of adoption (of which there were approximately 241,263) plus (iii) any ordinary shares with respect to awards and Prior Plan awards that are forfeited, canceled, expire unexercised, or are settled in cash following adoption of the 2022 Plan. Share-based compensation expense related to RSUs and PSUs is included in selling, general and administrative expenses in the accompanying Consolidated Statements of Operations and was comprised in the relevant period as follows (U.S. dollars in millions): Quarter ended Six months ended June 28, June 30, June 28, June 30, RSUs/PSUs $ 2.2 $ 2.9 $ 2.8 $ 5.1 Restricted Stock Units and Performance Stock Units The following table lists the RSUs and PSUs awarded under the 2022 Plan during the six months ended June 28, 2024 and June 30, 2023: Date of Award Type of award Units awarded Price per share For the six months ended June 28, 2024 May 8, 2024 PSU 5,048 $ 24.13 May 7, 2024 RSU 43,134 24.34 April 1, 2024 PSU 7,394 $ 25.45 March 1, 2024 PSU 285,460 $ 24.37 February 19, 2024 RSU 1,313 $ 23.77 For the six months ended June 30, 2023 May 4, 2023 RSU 39,662 $ 26.51 March 2, 2023 (1) PSU 91,997 32.13 March 2, 2023 RSU 215,627 32.13 (1) The 2023 PSUs were forfeited during the six months ended June 28, 2024 as a result of not meeting the performance metric. 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, or as it relates to the 2024 and 2023 PSU awards granted to our Chairman and Chief Executive Officer, 0% to 125% of the award units granted. Provided such criteria are met, the PSUs granted during 2024, 2023 and prior to 2022 vest in three equal annual installments on each of the next three anniversary dates. PSUs granted during 2022 vest in three equal installments in 1) June and July 2023, 2) March 2024, and 3) March 2025. 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 2023 and 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. RSUs granted in 2022 vest in three equal installments in June 2023, March 2024 and March 2025. RSUs granted to our Board of Directors generally vest after a one-year period. 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. Each of our outstanding 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
	Jun. 28, 2024
Inventory Disclosure [Abstract]
Inventories, net	Inventories, net Inventories consisted of the following (U.S. dollars in millions): June 28, December 29, Finished goods $ 178.5 $ 201.1 Raw materials and packaging supplies 159.4 167.1 Growing crops 199.5 231.7 Total inventories, net $ 537.4 $ 599.9

Debt and Finance Lease Obligati

Debt and Finance Lease Obligations	6 Months Ended
	Jun. 28, 2024
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): June 28, December 29, Senior unsecured revolving credit facility (see Credit Facility below) $ 285.0 $ 400.0 Finance lease obligations 6.8 7.5 Total debt and finance lease obligations 291.8 407.5 Less: Current maturities (1.4) (1.4) Long-term debt and finance lease obligations $ 290.4 $ 406.1 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 provided for a five-year, $0.9 billion syndicated senior unsecured revolving credit facility maturing on October 1, 2024. The Second A&R Credit Agreement was subsequently amended on December 30, 2022, to replace the Eurocurrency Rate with the Term Secured Overnight Financing Rate ("Term SOFR" effective January 3, 2023. On February 21, 2024, we entered into Amendment No. 2 to the Second Amended and Restated Credit Agreement (the “2024 Amended Credit Facility”) 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 2024 Amended Credit Facility provides for a five-year, $0.75 billion syndicated senior unsecured revolving credit facility maturing on February 21, 2029. Amounts borrowed under the revolving credit facility accrue interest at a rate equal to the Term SOFR rate plus a margin that ranges from 1.0% to 1.625% based on our Consolidated Leverage Ratio (as defined in the 2024 Amended Credit Facility). The 2024 Amended Credit Facility also permits, under certain conditions, $200 million of Permitted Receivables Financing (as defined in the 2024 Amended Credit Facility). In addition, we pay a fee on unused commitments at a rate equal to 0.150% to 0.250% based on our Consolidated Leverage Ratio. The 2024 Amended Credit Facility 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 2.75 to 1.00. Our ability to request such increases or term loans is subject to our compliance with customary conditions set forth in the 2024 Amended Credit Facility including compliance, on a pro forma basis, with certain financial covenants and ratios. Upon our request, each lender may decide, in its sole discretion, whether to increase all or a portion of its revolving credit facility commitment or provide term loans. The 2024 Amended Credit Facility contains similar financial covenants to those included within the Second A&R Credit Agreement. Specifically, it requires us to maintain 1) a Consolidated Leverage Ratio of not more than 3.75 to 1.00 at any time during any period of four consecutive fiscal quarters, subject to certain exceptions and 2) 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 investments, the amount of dividends that can be paid in the future, the amounts and types of liens and indebtedness, material asset sales, and mergers. Under the 2024 Amended Credit Facility, 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 (1) the greater of (A) 50% of the Consolidated Net Income (as defined in the 2024 Amended Credit Facility) for the immediately preceding fiscal year or (B) $25 million (the "Base Dividend Basket") plus (2) commencing in the fiscal year ending December 26, 2025 any portion of the Base Dividend Basket not used in the immediately preceding fiscal year, or (ii) the greatest amount which would not cause the Consolidated Leverage Ratio (determined on a pro forma basis as of the date of declaration or payment) to exceed 3.50 to 1.00. It also provides an allowance for stock repurchases to be an amount not exceeding the greater of (i) (A) $50,000,000 (the "Base Redemption Basket") plus (B) commencing in the fiscal year ending December 26, 2025, any portion of the Base Redemption Basket not used in the immediately preceding fiscal year or (ii) the greatest amount which would not cause the Consolidated Leverage Ratio (determined on a pro forma basis as of the date of such repurchase) to exceed 3.50 to 1.00. As of June 28, 2024, we were in compliance with all the covenants contained in the 2024 Amended Credit Facility. In connection with the 2024 Amended Credit Facility, we paid lender and third-party fees of $2.1 million associated with the amendment. We concluded that the amendment resulted in a modification of debt and as such, determined that debt issuance costs incurred in connection with the 2024 Amended Credit Facility would be deferred and amortized over the term of the new arrangement. Debt issuance costs of $2.0 million and $0.1 million are included in other noncurrent assets on our Consolidated Balance Sheets as of June 28, 2024 and December 29, 2023, respectively. The following is a summary of the material terms of the 2024 Amended Credit Facility and other working capital facilities at June 28, 2024 (U.S. dollars in millions): Term Maturity date Interest rate Borrowing Available Bank of America credit facility 5 years February 21, 2029 6.80% $ 750.0 $ 465.0 Rabobank letter of credit facility 364 days June 12, 2025 Varies 25.0 17.8 Other working capital facilities Varies Varies Varies 31.2 16.5 $ 806.2 $ 499.3 The margin for Term SOFR advances as of June 28, 2024 was 1.375%. We intend to use funds borrowed under the 2024 Amended Credit Facility from time to time for general corporate purposes, which may include working capital needs, capital expenditures, funding of possible acquisitions, share repurchases, and satisfaction of other obligations. As of June 28, 2024, we applied $28.4 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 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): June 28, December 29, Senior unsecured revolving credit facility (see Credit Facility below) $ 285.0 $ 400.0 Finance lease obligations 6.8 7.5 Total debt and finance lease obligations 291.8 407.5 Less: Current maturities (1.4) (1.4) Long-term debt and finance lease obligations $ 290.4 $ 406.1 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 provided for a five-year, $0.9 billion syndicated senior unsecured revolving credit facility maturing on October 1, 2024. The Second A&R Credit Agreement was subsequently amended on December 30, 2022, to replace the Eurocurrency Rate with the Term Secured Overnight Financing Rate ("Term SOFR" effective January 3, 2023. On February 21, 2024, we entered into Amendment No. 2 to the Second Amended and Restated Credit Agreement (the “2024 Amended Credit Facility”) 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 2024 Amended Credit Facility provides for a five-year, $0.75 billion syndicated senior unsecured revolving credit facility maturing on February 21, 2029. Amounts borrowed under the revolving credit facility accrue interest at a rate equal to the Term SOFR rate plus a margin that ranges from 1.0% to 1.625% based on our Consolidated Leverage Ratio (as defined in the 2024 Amended Credit Facility). The 2024 Amended Credit Facility also permits, under certain conditions, $200 million of Permitted Receivables Financing (as defined in the 2024 Amended Credit Facility). In addition, we pay a fee on unused commitments at a rate equal to 0.150% to 0.250% based on our Consolidated Leverage Ratio. The 2024 Amended Credit Facility 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 2.75 to 1.00. Our ability to request such increases or term loans is subject to our compliance with customary conditions set forth in the 2024 Amended Credit Facility including compliance, on a pro forma basis, with certain financial covenants and ratios. Upon our request, each lender may decide, in its sole discretion, whether to increase all or a portion of its revolving credit facility commitment or provide term loans. The 2024 Amended Credit Facility contains similar financial covenants to those included within the Second A&R Credit Agreement. Specifically, it requires us to maintain 1) a Consolidated Leverage Ratio of not more than 3.75 to 1.00 at any time during any period of four consecutive fiscal quarters, subject to certain exceptions and 2) 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 investments, the amount of dividends that can be paid in the future, the amounts and types of liens and indebtedness, material asset sales, and mergers. Under the 2024 Amended Credit Facility, 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 (1) the greater of (A) 50% of the Consolidated Net Income (as defined in the 2024 Amended Credit Facility) for the immediately preceding fiscal year or (B) $25 million (the "Base Dividend Basket") plus (2) commencing in the fiscal year ending December 26, 2025 any portion of the Base Dividend Basket not used in the immediately preceding fiscal year, or (ii) the greatest amount which would not cause the Consolidated Leverage Ratio (determined on a pro forma basis as of the date of declaration or payment) to exceed 3.50 to 1.00. It also provides an allowance for stock repurchases to be an amount not exceeding the greater of (i) (A) $50,000,000 (the "Base Redemption Basket") plus (B) commencing in the fiscal year ending December 26, 2025, any portion of the Base Redemption Basket not used in the immediately preceding fiscal year or (ii) the greatest amount which would not cause the Consolidated Leverage Ratio (determined on a pro forma basis as of the date of such repurchase) to exceed 3.50 to 1.00. As of June 28, 2024, we were in compliance with all the covenants contained in the 2024 Amended Credit Facility. In connection with the 2024 Amended Credit Facility, we paid lender and third-party fees of $2.1 million associated with the amendment. We concluded that the amendment resulted in a modification of debt and as such, determined that debt issuance costs incurred in connection with the 2024 Amended Credit Facility would be deferred and amortized over the term of the new arrangement. Debt issuance costs of $2.0 million and $0.1 million are included in other noncurrent assets on our Consolidated Balance Sheets as of June 28, 2024 and December 29, 2023, respectively. The following is a summary of the material terms of the 2024 Amended Credit Facility and other working capital facilities at June 28, 2024 (U.S. dollars in millions): Term Maturity date Interest rate Borrowing Available Bank of America credit facility 5 years February 21, 2029 6.80% $ 750.0 $ 465.0 Rabobank letter of credit facility 364 days June 12, 2025 Varies 25.0 17.8 Other working capital facilities Varies Varies Varies 31.2 16.5 $ 806.2 $ 499.3 The margin for Term SOFR advances as of June 28, 2024 was 1.375%. We intend to use funds borrowed under the 2024 Amended Credit Facility from time to time for general corporate purposes, which may include working capital needs, capital expenditures, funding of possible acquisitions, share repurchases, and satisfaction of other obligations. As of June 28, 2024, we applied $28.4 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 borrowings from our revolving credit facility. Refer to Note 13, “ Derivative Financial Instruments. ”

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 28, 2024
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 coordinated with the EPA to evaluate the clean-up work required in accordance with the Consent Decree. On July 25, 2022, an Explanation of Significant Differences (ESD) for the Kunia Well Site was filed by the EPA, which formally transitioned the remedy for the Kunia Well Site to a Monitored Natural Attenuation (MNA), thereby reducing our potential liability. The revised estimate associated with the clean-up costs, and on which our accrual is based, is $2.6 million. As of June 28, 2024, $2.3 million was included in other noncurrent liabilities, and $0.3 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 $0.3 million in 2024, $0.6 million in 2025, $0.5 million in 2026, $0.4 million in 2027, and $0.4 million in 2028. California Air Resource Board On December 21, 2022, the California Air Resource Board ("CARB") issued a Notice of Violation ("NOV") to the Company regarding alleged violations of certain California anti-air pollution regulations by three non-shore capable vessels that were subject to a time charter by us from an unrelated non-U.S. third party. We are cooperating with and assisted CARB in its audits for the alleged violations during 2021. While a formal proceeding by CARB has not been filed, we are discussing a settlement with CARB directly. During the six months ended June 28, 2024, we accrued expenses of $0.5 million as a contingent reserve which are included in asset impairments and other charges, net in the Consolidated Statements of Operations. This amount is in addition to a $0.4 million contingent reserve accrued as of December 29, 2023 related to this matter. Legal Settlement On May 28, 2024, we entered into a settlement agreement with respect to a litigation matter by a former employee regarding a legacy claim stemming from the 1970s. This matter was in the discovery phase until the first quarter of 2024, when the court set the expected trial date and the parties began to discuss settlement. Accordingly, during the first quarter of 2024, we incurred charges of $1.8 million, net of insurance reimbursements, associated with the settlement which are included in assets impairment and other charges, net in the Consolidated Statements of Operations for the six months ended June 28, 2024. 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.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 28, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic and diluted net income per ordinary share is calculated as follows (U.S. dollars in millions, except share and per share data): Quarter ended Six months ended June 28, June 30, June 28, June 30, Numerator: Net income attributable to Fresh Del Monte Produce Inc. $ 53.6 $ 47.7 $ 79.7 $ 86.7 Denominator: Weighted average number of ordinary shares - Basic 47,919,451 48,032,711 47,814,403 47,962,822 Effect of dilutive securities - share-based awards 55,766 180,322 125,165 220,465 Weighted average number of ordinary shares - Diluted 47,975,217 48,213,033 47,939,568 48,183,287 Antidilutive awards (1) 140,279 285,463 140,279 285,463 Net income per ordinary share attributable to Fresh Del Monte Produce Inc.: Basic $ 1.12 $ 0.99 $ 1.67 $ 1.81 Diluted $ 1.12 $ 0.99 $ 1.66 $ 1.80 (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
	Jun. 28, 2024
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 June 28, June 30, June 28, June 30, Service cost $ 1.8 $ 1.4 $ 3.6 $ 2.8 Interest cost 2.1 1.8 4.2 3.6 Expected return on assets (0.8) (0.8) (1.7) (1.6) Amortization of net actuarial loss 0.4 0.1 0.9 0.3 Net periodic benefit costs $ 3.5 $ 2.5 $ 7.0 $ 5.1 We provide certain other retirement benefits to certain employees who are not U.S.-based and are not included above. Generally, benefits under these programs are based on an employee’s length of service and level of compensation. These programs are immaterial to our consolidated financial statements. The net periodic benefit costs related to other non-U.S. based plans is $0.8 million for the quarter ended June 28, 2024 and $1.5 million for the quarter ended June 30, 2023. The net periodic benefit costs related to other non-U.S. based plans is $1.5 million for the six months ended June 28, 2024 and $1.9 million for the six months ended June 30, 2023.

Business Segment Data

Business Segment Data	6 Months Ended
	Jun. 28, 2024
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 third-party freight and logistic services business and our Jordanian poultry and meats business. We evaluate performance based on several factors, of which net sales and gross profit are the primary financial measures (U.S. dollars in millions): Quarter ended June 28, 2024 June 30, 2023 Segments: Net Sales Gross Profit Net Sales Gross Profit Fresh and value-added products $ 694.1 $ 77.9 $ 677.6 $ 62.1 Banana 394.3 29.8 448.8 50.5 Other products and services 51.3 5.5 54.1 4.2 Totals $ 1,139.7 $ 113.2 $ 1,180.5 $ 116.8 Six months ended June 28, 2024 June 30, 2023 Segments: Net Sales Gross Profit Net Sales Gross Profit Fresh and value-added products $ 1,370.8 $ 133.9 $ 1,321.0 $ 109.1 Banana 773.8 51.5 873.9 93.7 Other products and services 102.9 10.0 114.1 11.0 Totals $ 2,247.5 $ 195.4 $ 2,309.0 $ 213.8 The following table indicates our net sales by geographic region (U.S. dollars in millions): Quarter ended Six months ended Net sales by geographic region: June 28, June 30, June 28, June 30, North America $ 680.9 $ 704.2 $ 1,335.7 $ 1,371.4 Europe 225.9 224.5 435.2 441.0 Asia 113.3 132.2 219.9 244.3 Middle East 93.6 100.6 192.9 202.4 Other 26.0 19.0 63.8 49.9 Totals $ 1,139.7 $ 1,180.5 $ 2,247.5 $ 2,309.0 The following table indicates our net sales by product (U.S. dollars in millions) and, in each case, the percentage of the total represented thereby: Quarter ended Six months ended June 28, June 30, June 28, June 30, Fresh and value-added products: Fresh-cut fruit $ 144.6 13 % $ 153.0 13 % $ 264.4 12 % $ 277.7 12 % Fresh-cut vegetables 85.0 7 % 82.5 7 % 166.4 7 % 164.4 7 % Pineapples 169.0 15 % 172.5 15 % 332.6 15 % 322.4 14 % Avocados 100.4 9 % 74.7 6 % 179.9 8 % 139.4 6 % Non-tropical fruit 47.3 4 % 41.4 3 % 107.9 5 % 102.7 4 % Prepared foods 66.9 6 % 69.5 6 % 136.4 6 % 136.1 6 % Melons 28.1 2 % 28.0 2 % 81.3 4 % 73.5 3 % Tomatoes 3.4 — % 5.3 — % 7.0 — % 10.7 — % Vegetables 28.0 2 % 32.0 3 % 53.5 2 % 58.5 3 % Other fruit and vegetables 21.4 2 % 18.7 2 % 41.4 2 % 35.6 2 % Total fresh and value-added products 694.1 60 % 677.6 57 % 1,370.8 61 % 1,321.0 57 % Banana 394.3 35 % 448.8 38 % 773.8 34 % 873.9 38 % Other products and services 51.3 5 % 54.1 5 % 102.9 5 % 114.1 5 % Totals $ 1,139.7 100 % $ 1,180.5 100 % $ 2,247.5 100 % $ 2,309.0 100 %

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 28, 2024
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 and variable interest rates. We designate our derivative financial instruments as cash flow hedges. Counterparties expose us to credit loss in the event of non-performance of 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, 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 were in a liability position on June 28, 2024 less than $0.1 million. As of June 28, 2024, 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. 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 Our results of operations and financial condition are exposed to fluctuations in currency exchange rates against the U.S. dollar, and we mitigate that exposure by entering into foreign currency forward contracts or foreign currency collars. A foreign currency collar consists of a written call option and a purchased put option to sell the foreign currency at a range of predetermined exchange rates. A foreign currency collar guarantees that the exchange rate of the currency will not fluctuate beyond the range of the options’ strike prices. Certain of our subsidiaries periodically enter into foreign currency forward contracts or foreign currency collars in order to hedge portions of forecasted sales or cost of sales denominated in foreign currencies, which generally mature within one year. At June 28, 2024, our foreign currency forward and collar contracts hedge a portion of our 2024 foreign currency exposure. The foreign currency forward contracts and foreign currency collars qualifying as cash flow hedges were designated as single-purpose cash flow hedges of forecasted cash flows. We had the following outstanding foreign currency contracts as of June 28, 2024 (in millions): Foreign currency contracts qualifying as cash flow hedges: Notional amount Euro EUR 64.1 British pound GBP 2.7 Kenyan shilling KES 1,052.2 Interest Rate Contracts Our results of operations and financial condition are exposed to fluctuations in variable interest rates, and we mitigate that exposure by entering into interest rate swaps. 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 through 2028. We amended our Second A&R Credit Agreement and our interest rate swaps to transition from LIBOR to SOFR as a reference rate effective January 3, 2023. Gains or losses on interest rate swaps are recorded in other comprehensive income and are subsequently reclassified into earnings as the interest expense on debt is recognized in earnings. At June 28, 2024, the notional value of the interest rate contract outstanding was $200.0 million, which is maturing in 2028. Subsequent to June 28, 2024, we agreed to terminate our outstanding interest rate swap in exchange for $7.3 million in cash proceeds, net of fees of approximately $0.2 million. Based on our assessment that the originally hedged cash flows associated with our variable rate borrowings remain probable, the gain recognized associated with the terminated interest rate swap will remain in accumulated other comprehensive loss subsequent to the termination and be reclassified to earnings through interest expense over the remaining life of the hedged items. The following table reflects the fair values of derivative instruments, which are designated as level 2 in the fair value hierarchy, as of June 28, 2024 and December 29, 2023 (U.S. dollars in millions): Derivatives designated as hedging instruments (1) Foreign exchange contracts Interest rate swaps Total Balance Sheet location: June 28, December 29, June 28, December 29, June 28, December 29, Asset derivatives: Prepaid expenses and other current assets $ 1.8 $ 0.1 $ — $ 2.1 $ 1.8 $ 2.2 Other noncurrent assets — — 9.1 5.8 9.1 5.8 Total asset derivatives $ 1.8 $ 0.1 $ 9.1 $ 7.9 $ 10.9 $ 8.0 Liability derivatives: Accounts payable and accrued expenses $ — $ 0.4 $ — $ — $ — $ 0.4 Total liability derivatives $ — $ 0.4 $ — $ — $ — $ 0.4 (1) See Note 14, “ Fair Value Measurements, ” for fair value disclosures. As of June 28, 2024, we expect that $5.7 million of the net fair value of our cash flow hedges recognized as a net gain in accumulated other comprehensive loss, inclusive of amounts associated with our interest rate swap terminated after June 28, 2024, will be transferred to earnings during the next 12 months, and the remaining net gain of $5.0 million over the following 4 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 June 28, 2024 and June 30, 2023 (U.S. dollars in millions): Net amount of gain (loss) recognized in other comprehensive income on derivatives Quarter ended Six months ended Derivative instruments June 28, June 30, June 28, June 30, Foreign exchange contracts $ 1.4 $ (0.4) $ 5.1 $ 4.5 Interest rate swaps, net of tax (0.4) 4.7 1.7 (0.2) Total $ 1.0 $ 4.3 $ 6.8 $ 4.3 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 June 28, 2024 and June 30, 2023.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 28, 2024
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, and 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. 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 asset June 28, December 29, June 28, December 29, Quoted prices in active markets for identical assets (Level 1) $ — $ — $ — $ — Significant observable inputs (Level 2) 1.8 (0.3) 9.1 7.9 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 29, 2023. Our current estimates of future cash flows depend on our ability to demonstrate successful implementation of our strategies to improve sales and profitability from these activities over the upcoming quarters. If we are unable to demonstrate successful implementation of these strategies, it could lead to impairment of some or all of these assets. Assets held for sale, which had a carrying amount of $10.9 million as of June 28, 2024, primarily consisted of $8.9 million related to a distribution facility in North America and $1.7 million related to an office and farm land in Central America. Assets held for sale 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. Subsequent to June 28, 2024, we entered into an Agreement of Purchase and Sale to sell the distribution facility in North America for approximately $20.8 million. The sale, which is subject to customary closing conditions, is expected to close during the fourth quarter of 2024 subject to any acceleration or postponement as permitted under the agreement.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 28, 2024
Equity [Abstract]
Accumulated Other Comprehensive 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 June 28, 2024 Balance at December 29, 2023 $ 3.8 $ (37.1) $ (10.0) $ (43.3) Other comprehensive income (loss) 9.1 (3) (6.7) (2) (1.4) 1.0 Amounts reclassified from accumulated (2.3) — 0.4 (1.9) Net current period other comprehensive 6.8 (6.7) (1.0) (0.9) Balance at June 28, 2024 $ 10.6 $ (43.8) $ (11.0) $ (44.2) Six months ended June 30, 2023 Balance at December 30, 2022 $ 6.0 $ (36.0) $ (11.5) $ (41.5) Other comprehensive income (loss) 6.3 (3) 2.7 (2) (0.4) 8.6 Amounts reclassified from accumulated (2.0) — 0.4 (1.6) Net current period other comprehensive 4.3 2.7 — 7.0 Balance at June 30, 2023 $ 10.3 $ (33.3) $ (11.5) $ (34.5) (1) All amounts are net of tax and noncontrolling interest. (2) Includes losses of $4.2 million and $0.4 million for the six months ended June 28, 2024 and six months ended June 30, 2023, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature. (3) Includes a tax effect of $0.2 million and $1.4 million for the six months ended June 28, 2024 and six months ended June 30, 2023, respectively. 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 June 28, 2024 June 30, 2023 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 $ (0.5) $ (0.8) $ (0.2) $ (0.3) Net sales Foreign currency cash flow hedges 0.9 3.1 — 2.2 Cost of products sold Interest rate swaps (2.0) (4.6) (2.2) (3.9) Interest expense Total $ (1.6) $ (2.3) $ (2.4) $ (2.0) Amortization of retirement benefits: Actuarial losses — 0.4 0.2 0.3 Other expense, net Curtailment and settlement losses 0.4 0.7 0.1 0.1 Asset impairment and other charges, net Total $ 0.4 $ 1.1 $ 0.3 $ 0.4

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 28, 2024
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 were issued or outstanding at June 28, 2024, and 200,000,000 ordinary shares at $0.01 par value, of which 47,935,668 were issued and outstanding at June 28, 2024. The below is a summary of the dividends paid per share during the six months ended June 28, 2024 and June 30, 2023. These dividends were declared and paid within the same fiscal quarter. Six months ended June 28, 2024 June 30, 2023 Dividend Payment Date Cash Dividend per Ordinary Share Dividend Payment Date Cash Dividend per Ordinary Share June 7, 2024 $ 0.25 June 9, 2023 $ 0.20 March 29, 2024 $ 0.25 March 31, 2023 $ 0.15 We paid $23.9 million in dividends during the six months ended June 28, 2024 and $16.8 million in dividends during the six months ended June 30, 2023. On July 30, 2024, our Board of Directors declared a quarterly cash dividend of twenty-five cents ($0.25) per share, payable on September 6, 2024, to shareholders of record on August 15, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income attributable to Fresh Del Monte Produce Inc.	$ 53.6	$ 47.7	$ 79.7	$ 86.7

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 28, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Recently Issued Accounting Pr_2

Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 28, 2024
Accounting Standards Update and Change in Accounting Principle [Abstract]
Recently Issued Accounting Pronouncements	New Accounting Pronouncements

Asset Impairment and Other Ch_2

Asset Impairment and Other Charges (Credits), Net (Tables)	6 Months Ended
	Jun. 28, 2024
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 (credits) charges, net recorded during the quarters and six months ended June 28, 2024 and June 30, 2023 (U.S. dollars in millions): Quarter ended Six months ended June 28, 2024 June 28, 2024 Long-lived and other Exit activity and other Total Long-lived and other Exit activity and other Total Banana segment: California Air Resource Board reserve (1) $ — $ — $ — $ — $ 0.5 $ 0.5 Philippines impairment of banana-related fixed assets 1.2 — 1.2 1.2 — 1.2 Fresh and value-added products segment: Insurance recovery related to South American warehouse — (2.0) (2.0) — (2.0) (2.0) Reduction in repair reserves related to 2023 flooding in Greece (2) (0.5) — (0.5) (0.5) — (0.5) Other: Legal settlement (3) — — — — 1.8 1.8 Total asset impairment and other (credits) charges, net $ 0.7 $ (2.0) $ (1.3) $ 0.7 $ 0.3 $ 1.0 Quarter ended Six months ended June 30, 2023 June 30, 2023 Long-lived and other Exit activity and other Total Long-lived and other Exit activity and other Total Fresh and value-added products segment: Impairment of low productivity grape vines in South America and related costs $ 1.7 $ 0.1 $ 1.8 $ 1.7 $ 0.1 $ 1.8 Other: 2023 cybersecurity incident expenses (4) — 1.7 1.7 — 4.2 4.2 Impairment of idle land in Central America 1.1 — 1.1 1.1 — 1.1 Total asset impairment and other (credits) charges, net $ 2.8 $ 1.8 $ 4.6 $ 2.8 $ 4.3 $ 7.1 (1) During the six months ended June 28, 2024, we recorded a $0.5 million reserve relating to a potential regulatory matter. Refer to Note 9, “ Commitments and Contingencies. ” (2) Due to damages caused by severe flooding in Greece during the third quarter of 2023, we recorded reserves related to estimated damages to our property, plant and equipment. During the quarter ended June 28, 2024, we determined it was appropriate to reduce this reserve by $0.5 million based on actual repair charges incurred. (3) During the six months ended June 28, 2024, we entered into a settlement agreement with respect to a litigation matter by a former employee regarding a legacy claim stemming from the 1970s. Accordingly, we incurred charges of $1.8 million, net of insurance reimbursements, associated with the settlement as of June 28, 2024. Refer to Note 9, “ Commitments and Contingencies. ” (4)

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 28, 2024
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 June 28, 2024 and June 30, 2023 (U.S. dollars in millions): Six months ended Trade receivables June 28, June 30, Allowance for credit losses: Balance, beginning of period $ 7.4 $ 9.3 Provision for uncollectible amounts 3.1 1.0 Deductions to allowance related to write-offs — (2.2) Foreign exchange effects (0.1) — Balance, end of period $ 10.4 $ 8.1
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): June 28, 2024 December 29, 2023 Current Past-Due Current Past-Due Gross advances to growers and suppliers $ 16.0 $ 19.4 $ 25.1 $ 10.8
Rollforward of Allowance for Advances to Growers and Suppliers	The allowance for advances to growers and suppliers for the quarters ended June 28, 2024 and June 30, 2023 were as follows (U.S. dollars in millions): Six months ended June 28, June 30, Allowance for advances to growers and suppliers: Balance, beginning of period $ 7.5 $ 4.9 Provision for uncollectible amounts 2.0 2.7 Balance, end of period $ 9.5 $ 7.6

Share-Based Compensation (Table

Share-Based Compensation (Tables)	6 Months Ended
	Jun. 28, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Stock-based compensation expense included in selling, general and administrative expenses	Share-based compensation expense related to RSUs and PSUs is included in selling, general and administrative expenses in the accompanying Consolidated Statements of Operations and was comprised in the relevant period as follows (U.S. dollars in millions): Quarter ended Six months ended June 28, June 30, June 28, June 30, RSUs/PSUs $ 2.2 $ 2.9 $ 2.8 $ 5.1
RSU and PSUs awarded	The following table lists the RSUs and PSUs awarded under the 2022 Plan during the six months ended June 28, 2024 and June 30, 2023: Date of Award Type of award Units awarded Price per share For the six months ended June 28, 2024 May 8, 2024 PSU 5,048 $ 24.13 May 7, 2024 RSU 43,134 24.34 April 1, 2024 PSU 7,394 $ 25.45 March 1, 2024 PSU 285,460 $ 24.37 February 19, 2024 RSU 1,313 $ 23.77 For the six months ended June 30, 2023 May 4, 2023 RSU 39,662 $ 26.51 March 2, 2023 (1) PSU 91,997 32.13 March 2, 2023 RSU 215,627 32.13

Inventories, net (Tables)

Inventories, net (Tables)	6 Months Ended
	Jun. 28, 2024
Inventory Disclosure [Abstract]
Schedule of inventory	Inventories consisted of the following (U.S. dollars in millions): June 28, December 29, Finished goods $ 178.5 $ 201.1 Raw materials and packaging supplies 159.4 167.1 Growing crops 199.5 231.7 Total inventories, net $ 537.4 $ 599.9

Debt and Finance Lease Obliga_2

Debt and Finance Lease Obligations (Tables)	6 Months Ended
	Jun. 28, 2024
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): June 28, December 29, Senior unsecured revolving credit facility (see Credit Facility below) $ 285.0 $ 400.0 Finance lease obligations 6.8 7.5 Total debt and finance lease obligations 291.8 407.5 Less: Current maturities (1.4) (1.4) Long-term debt and finance lease obligations $ 290.4 $ 406.1
Material terms of the credit facility and other working capital facilities	The following is a summary of the material terms of the 2024 Amended Credit Facility and other working capital facilities at June 28, 2024 (U.S. dollars in millions): Term Maturity date Interest rate Borrowing Available Bank of America credit facility 5 years February 21, 2029 6.80% $ 750.0 $ 465.0 Rabobank letter of credit facility 364 days June 12, 2025 Varies 25.0 17.8 Other working capital facilities Varies Varies Varies 31.2 16.5 $ 806.2 $ 499.3

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 28, 2024
Earnings Per Share [Abstract]
Schedule of earnings per share	Basic and diluted net income per ordinary share is calculated as follows (U.S. dollars in millions, except share and per share data): Quarter ended Six months ended June 28, June 30, June 28, June 30, Numerator: Net income attributable to Fresh Del Monte Produce Inc. $ 53.6 $ 47.7 $ 79.7 $ 86.7 Denominator: Weighted average number of ordinary shares - Basic 47,919,451 48,032,711 47,814,403 47,962,822 Effect of dilutive securities - share-based awards 55,766 180,322 125,165 220,465 Weighted average number of ordinary shares - Diluted 47,975,217 48,213,033 47,939,568 48,183,287 Antidilutive awards (1) 140,279 285,463 140,279 285,463 Net income per ordinary share attributable to Fresh Del Monte Produce Inc.: Basic $ 1.12 $ 0.99 $ 1.67 $ 1.81 Diluted $ 1.12 $ 0.99 $ 1.66 $ 1.80 (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
	Jun. 28, 2024
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 June 28, June 30, June 28, June 30, Service cost $ 1.8 $ 1.4 $ 3.6 $ 2.8 Interest cost 2.1 1.8 4.2 3.6 Expected return on assets (0.8) (0.8) (1.7) (1.6) Amortization of net actuarial loss 0.4 0.1 0.9 0.3 Net periodic benefit costs $ 3.5 $ 2.5 $ 7.0 $ 5.1

Business Segment Data (Tables)

Business Segment Data (Tables)	6 Months Ended
	Jun. 28, 2024
Segment Reporting [Abstract]
Disaggregation of Revenue	We evaluate performance based on several factors, of which net sales and gross profit are the primary financial measures (U.S. dollars in millions): Quarter ended June 28, 2024 June 30, 2023 Segments: Net Sales Gross Profit Net Sales Gross Profit Fresh and value-added products $ 694.1 $ 77.9 $ 677.6 $ 62.1 Banana 394.3 29.8 448.8 50.5 Other products and services 51.3 5.5 54.1 4.2 Totals $ 1,139.7 $ 113.2 $ 1,180.5 $ 116.8 Six months ended June 28, 2024 June 30, 2023 Segments: Net Sales Gross Profit Net Sales Gross Profit Fresh and value-added products $ 1,370.8 $ 133.9 $ 1,321.0 $ 109.1 Banana 773.8 51.5 873.9 93.7 Other products and services 102.9 10.0 114.1 11.0 Totals $ 2,247.5 $ 195.4 $ 2,309.0 $ 213.8
Net sales by geographic region	Quarter ended Six months ended Net sales by geographic region: June 28, June 30, June 28, June 30, North America $ 680.9 $ 704.2 $ 1,335.7 $ 1,371.4 Europe 225.9 224.5 435.2 441.0 Asia 113.3 132.2 219.9 244.3 Middle East 93.6 100.6 192.9 202.4 Other 26.0 19.0 63.8 49.9 Totals $ 1,139.7 $ 1,180.5 $ 2,247.5 $ 2,309.0
Net sales by product	The following table indicates our net sales by product (U.S. dollars in millions) and, in each case, the percentage of the total represented thereby: Quarter ended Six months ended June 28, June 30, June 28, June 30, Fresh and value-added products: Fresh-cut fruit $ 144.6 13 % $ 153.0 13 % $ 264.4 12 % $ 277.7 12 % Fresh-cut vegetables 85.0 7 % 82.5 7 % 166.4 7 % 164.4 7 % Pineapples 169.0 15 % 172.5 15 % 332.6 15 % 322.4 14 % Avocados 100.4 9 % 74.7 6 % 179.9 8 % 139.4 6 % Non-tropical fruit 47.3 4 % 41.4 3 % 107.9 5 % 102.7 4 % Prepared foods 66.9 6 % 69.5 6 % 136.4 6 % 136.1 6 % Melons 28.1 2 % 28.0 2 % 81.3 4 % 73.5 3 % Tomatoes 3.4 — % 5.3 — % 7.0 — % 10.7 — % Vegetables 28.0 2 % 32.0 3 % 53.5 2 % 58.5 3 % Other fruit and vegetables 21.4 2 % 18.7 2 % 41.4 2 % 35.6 2 % Total fresh and value-added products 694.1 60 % 677.6 57 % 1,370.8 61 % 1,321.0 57 % Banana 394.3 35 % 448.8 38 % 773.8 34 % 873.9 38 % Other products and services 51.3 5 % 54.1 5 % 102.9 5 % 114.1 5 % Totals $ 1,139.7 100 % $ 1,180.5 100 % $ 2,247.5 100 % $ 2,309.0 100 %

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Outstanding forward contracts	We had the following outstanding foreign currency contracts as of June 28, 2024 (in millions): Foreign currency contracts qualifying as cash flow hedges: Notional amount Euro EUR 64.1 British pound GBP 2.7 Kenyan shilling KES 1,052.2
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 June 28, 2024 and December 29, 2023 (U.S. dollars in millions): Derivatives designated as hedging instruments (1) Foreign exchange contracts Interest rate swaps Total Balance Sheet location: June 28, December 29, June 28, December 29, June 28, December 29, Asset derivatives: Prepaid expenses and other current assets $ 1.8 $ 0.1 $ — $ 2.1 $ 1.8 $ 2.2 Other noncurrent assets — — 9.1 5.8 9.1 5.8 Total asset derivatives $ 1.8 $ 0.1 $ 9.1 $ 7.9 $ 10.9 $ 8.0 Liability derivatives: Accounts payable and accrued expenses $ — $ 0.4 $ — $ — $ — $ 0.4 Total liability derivatives $ — $ 0.4 $ — $ — $ — $ 0.4
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 June 28, 2024 and June 30, 2023 (U.S. dollars in millions): Net amount of gain (loss) recognized in other comprehensive income on derivatives Quarter ended Six months ended Derivative instruments June 28, June 30, June 28, June 30, Foreign exchange contracts $ 1.4 $ (0.4) $ 5.1 $ 4.5 Interest rate swaps, net of tax (0.4) 4.7 1.7 (0.2) Total $ 1.0 $ 4.3 $ 6.8 $ 4.3

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 28, 2024
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 asset June 28, December 29, June 28, December 29, Quoted prices in active markets for identical assets (Level 1) $ — $ — $ — $ — Significant observable inputs (Level 2) 1.8 (0.3) 9.1 7.9 Significant unobservable inputs (Level 3) — — — —

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 28, 2024
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 June 28, 2024 Balance at December 29, 2023 $ 3.8 $ (37.1) $ (10.0) $ (43.3) Other comprehensive income (loss) 9.1 (3) (6.7) (2) (1.4) 1.0 Amounts reclassified from accumulated (2.3) — 0.4 (1.9) Net current period other comprehensive 6.8 (6.7) (1.0) (0.9) Balance at June 28, 2024 $ 10.6 $ (43.8) $ (11.0) $ (44.2) Six months ended June 30, 2023 Balance at December 30, 2022 $ 6.0 $ (36.0) $ (11.5) $ (41.5) Other comprehensive income (loss) 6.3 (3) 2.7 (2) (0.4) 8.6 Amounts reclassified from accumulated (2.0) — 0.4 (1.6) Net current period other comprehensive 4.3 2.7 — 7.0 Balance at June 30, 2023 $ 10.3 $ (33.3) $ (11.5) $ (34.5) (1) All amounts are net of tax and noncontrolling interest. (2) Includes losses of $4.2 million and $0.4 million for the six months ended June 28, 2024 and six months ended June 30, 2023, respectively, on intra-entity foreign currency transactions that are of a long-term-investment nature. (3) Includes a tax effect of $0.2 million and $1.4 million for the six months ended June 28, 2024 and six months ended June 30, 2023, respectively.
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 June 28, 2024 June 30, 2023 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 $ (0.5) $ (0.8) $ (0.2) $ (0.3) Net sales Foreign currency cash flow hedges 0.9 3.1 — 2.2 Cost of products sold Interest rate swaps (2.0) (4.6) (2.2) (3.9) Interest expense Total $ (1.6) $ (2.3) $ (2.4) $ (2.0) Amortization of retirement benefits: Actuarial losses — 0.4 0.2 0.3 Other expense, net Curtailment and settlement losses 0.4 0.7 0.1 0.1 Asset impairment and other charges, net Total $ 0.4 $ 1.1 $ 0.3 $ 0.4

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 28, 2024
Stockholders' Equity Note [Abstract]
Schedule of dividend activity	The below is a summary of the dividends paid per share during the six months ended June 28, 2024 and June 30, 2023. These dividends were declared and paid within the same fiscal quarter. Six months ended June 28, 2024 June 30, 2023 Dividend Payment Date Cash Dividend per Ordinary Share Dividend Payment Date Cash Dividend per Ordinary Share June 7, 2024 $ 0.25 June 9, 2023 $ 0.20 March 29, 2024 $ 0.25 March 31, 2023 $ 0.15

General (Details)

General (Details) $ in Millions	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 28, 2024 USD ($) segment1	Jun. 30, 2023 USD ($)	Dec. 29, 2023 USD ($) Rate	Feb. 26, 2018 Rate
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Number of reportable segments | segment1		3
Purchase of noncontrolling interest		$ 0	$ 5.2
Paid-in Capital
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Settlement of redeemable noncontrolling interests	$ 42.7			$ 42.7
Mann Packing Subsidiary, Noncontrolling Interest
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Ownership percentage, noncontrolling owner | Rate				25%	25%
Purchase of noncontrolling interest				$ 5.2

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
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment	$ 0.7	$ 2.8	$ 0.7	$ 2.8
Exit activity and other charges	(2)	1.8	0.3	4.3
Total	(1.3)	4.6	1	7.1
Banana
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment	1.2		1.2
Total	1.2		1.2
Banana | Non-compliance with regulations
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Exit activity and other charges	0		0.5
Total	0		0.5
Impact to earnings			0.5
Insurance settlement | Fresh and value-added products | South America
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment	0		0
Exit activity and other charges	(2)		(2)
Total	(2)		(2)
Other Restructuring | Fresh and value-added products | South America
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment		1.7		1.7
Exit activity and other charges		0.1		0.1
Total		1.8		1.8
Other Restructuring | Fresh and value-added products | Europe
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment	(0.5)		(0.5)
Exit activity and other charges	0		0
Total	(0.5)		(0.5)
Other Restructuring | Other Segments
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment	0		0
Exit activity and other charges	0		1.8
Total	$ 0		$ 1.8
Other Restructuring | Other
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment		0		0
Exit activity and other charges		1.7		4.2
Total		1.7		4.2
Other Restructuring | Other products and services | Central America
Schedule of Asset Impairment and Other Charges (Credits) [Line Items]
Long-lived and other asset impairment		1.1		1.1
Exit activity and other charges		0		0
Total		$ 1.1		$ 1.1

Income Taxes (Details)

Income Taxes (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 28, 2024 USD ($) jurisdiction	Jun. 30, 2023 USD ($)
Income Taxes [Line Items]
Provision for income taxes	$ 12.3	$ 11.3	$ 17.6	$ 20.9
Tax Year 2016
Income Taxes [Line Items]
Real estate collateral, fair market value	6.9		6.9
Real estate collateral, net book value	3.8		3.8
Tax Year 2012 to 2015
Income Taxes [Line Items]
Real estate collateral, fair market value	29		29
Real estate collateral, net book value	$ 4.6		$ 4.6
Foreign tax authority
Income Taxes [Line Items]
Number of jurisdictions under examination | jurisdiction			2
Income tax examination, estimate of tax deficiencies			$ 171.7

Allowance for Credit Losses - N

Allowance for Credit Losses - Narrative (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 28, 2024	Dec. 29, 2023	Jun. 30, 2023	Dec. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade Receivable, after Allowance for Credit Loss, Current	$ 408.1	$ 387
Trade Receivable, Allowance for Credit Loss, Current	27.6	20.8
Trade Receivable, Allowance for Credit Loss	10.4	7.4	$ 8.1	$ 9.3
Contract with Customer, Asset, Allowance for Credit Loss	$ 17.2	$ 13.4
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
	Jun. 28, 2024	Jun. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 7.4	$ 9.3
Provision for uncollectible amounts	3.1	1
Deductions to allowance related to write-offs	0	(2.2)
Foreign exchange effects	(0.1)	0
Balance, end of period	$ 10.4	$ 8.1

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	Jun. 28, 2024	Dec. 29, 2023
Current
Gross advances to growers and suppliers	$ 16	$ 25.1
Past-Due
Gross advances to growers and suppliers	$ 19.4	$ 10.8

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
	Jun. 28, 2024	Jun. 30, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 7.5	$ 4.9
Provision for uncollectible amounts	2	2.7
Balance, end of period	$ 9.5	$ 7.6

Share-Based Compensation - Narr

Share-Based Compensation - Narrative (Details)	6 Months Ended
	Jun. 28, 2024 installment anniversary Rate shares	Jun. 02, 2022 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights percentage at each anniversaries | Rate	20%
Award anniversary | anniversary	4
2022 Omnibus Share Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized		2,800,000
2014 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares remaining avaialable		241,263
2022 Omnibus Share Incentive Plan and Prior Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued on contingent right to receive, per RSU or PSU	1
2022 Omnibus Share Incentive Plan and Prior Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (as a percent)	0%
2022 Omnibus Share Incentive Plan and Prior Plan | Minimum | Chairman and Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (as a percent)	0%
2022 Omnibus Share Incentive Plan and Prior Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (as a percent)	100%
2022 Omnibus Share Incentive Plan and Prior Plan | Maximum | Chairman and Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of units granted (as a percent)	125%
Performance Shares | 2022 Omnibus Share Incentive Plan and Prior Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vest in equal installments | installment	3
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vest in equal installments | installment	3
Service period	3 years

Share-Based Compensation - Expe

Share-Based Compensation - Expense Included in Selling, General and Administrative Expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
RSUs/PSUs | Selling, General and Administrative Expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense	$ 2.2	$ 2.9	$ 2.8	$ 5.1

Share-Based Compensation - Sche

Share-Based Compensation - Schedule of RSU and PSUs Awarded (Details) - $ / shares	May 08, 2024	May 07, 2024	Apr. 01, 2024	Mar. 01, 2024	Feb. 19, 2024	May 04, 2023	Mar. 02, 2023
2022 Omnibus Share Incentive Plan | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)	5,048
Price per share (usd per share)	$ 24.13
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)		43,134	7,394	285,460	1,313
Price per share (usd per share)		$ 24.34	$ 25.45	$ 24.37	$ 23.77
2014 Plan | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)						39,662	91,997
Price per share (usd per share)						$ 26.51	$ 32.13
2014 Plan | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of restricted stock awarded (shares)							215,627
Price per share (usd per share)							$ 32.13

Inventories, net (Details)

Inventories, net (Details) - USD ($) $ in Millions	Jun. 28, 2024	Dec. 29, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 178.5	$ 201.1
Raw materials and packaging supplies	159.4	167.1
Growing crops	199.5	231.7
Total inventories, net	$ 537.4	$ 599.9

Debt and Finance Lease Obliga_3

Debt and Finance Lease Obligations - Schedule of Debt and Finance Lease Obligations (Details) - USD ($) $ in Millions	Jun. 28, 2024	Dec. 29, 2023
Long-Term Debt and Lease Obligation [Abstract]
Senior unsecured revolving credit facility	$ 285	$ 400
Finance lease obligations	6.8	7.5
Total debt and finance lease obligations	291.8	407.5
Less: Current maturities	(1.4)	(1.4)
Long-term debt and finance lease obligations	$ 290.4	$ 406.1

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
	Jun. 28, 2024	Sep. 13, 2022
Debt Instrument [Line Items]
Borrowing limit	$ 806.2
Available borrowings	499.3
Other Working Capital Facilities
Debt Instrument [Line Items]
Borrowing limit	31.2
Available borrowings	$ 16.5
Revolving Credit Facility | Unsecured Debt
Debt Instrument [Line Items]
Term	5 years
Debt Instrument, Maturity Date, Description	February 21, 2029
Interest rate	6.80%
Borrowing limit		$ 750
Available borrowings	$ 465
Rabobank Nederland
Debt Instrument [Line Items]
Term	364 days
Debt Instrument, Maturity Date, Description	June 12, 2025
Borrowing limit	$ 25
Available borrowings	$ 17.8

Debt and Finance Lease Obliga_5

Debt and Finance Lease Obligations - Narrative (Details) $ in Millions			6 Months Ended
	Feb. 21, 2024 USD ($) Rate	Oct. 01, 2019 USD ($)	Jun. 28, 2024 USD ($)	Dec. 29, 2023 USD ($)	Sep. 13, 2022 USD ($)
Line of Credit Facility [Line Items]
Borrowing limit			$ 806.2
Amount outstanding			28.4
Debt Instrument, Fee Amount			2.1
Line Of Credit Facility, Permitted Receivables Financing	$ 200
Other Working Capital Facilities
Line of Credit Facility [Line Items]
Borrowing limit			$ 31.2
Revolving Credit Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Term			5 years
Borrowing limit					$ 750
Line of Credit Facility, Increase (Decrease), Net		$ 300
Debt Instrument, Covenant Description			25 million
Line of Credit Facility, Capacity Available for Trade Purchases			$ 50
Revolving Credit Facility | Unsecured Debt | Second A&R Credit Agreement
Line of Credit Facility [Line Items]
Term		5 years
Borrowing limit		$ 900
Revolving Credit Facility | Unsecured Debt | 2024 Amended Credit Facility
Line of Credit Facility [Line Items]
Term		5 years
Borrowing limit		$ 750
Revolving Credit Facility | Unsecured Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
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			$ 2	$ 0.1
Rabobank Nederland
Line of Credit Facility [Line Items]
Term			364 days
Borrowing limit			$ 25
Minimum | 2024 Amended Credit Facility
Line of Credit Facility [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | Rate	0.15%
Minimum | Secured Overnight Financing Rate
Line of Credit Facility [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		1%
Minimum | Revolving Credit Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Debt Instrument, Covenant Description			2.25
Debt Instrument, Covenant, Consolidated Leverage Ratio		2.75
Maximum
Line of Credit Facility [Line Items]
Credit Agreement term in percentage			50%
Maximum | 2024 Amended Credit Facility
Line of Credit Facility [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | Rate	0.25%
Maximum | Secured Overnight Financing Rate
Line of Credit Facility [Line Items]
Long-term Debt, Percentage Bearing Variable Interest, Percentage Rate		1.625%
Maximum | Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt Instrument, Covenant Description			3.75
Maximum | Revolving Credit Facility | Unsecured Debt
Line of Credit Facility [Line Items]
Debt Instrument, Covenant Description			3.50

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 29, 2024 USD ($)	Jun. 28, 2024 USD ($)	Dec. 31, 1980 subsidiary
Commitments and Contingencies Disclosure [Line Items]
Accrual for environmental loss contingencies, undiscounted, due in second year		$ 0.6
Accrual for environmental loss contingencies, undiscounted, due in third year		0.5
Accrual for environmental loss contingencies, undiscounted, due in fourth year		0.4
Accrual for environmental loss contingencies, undiscounted, due in fifth year		0.4
Accrual for environmental loss contingencies, undiscounted, due within one year		0.3
Banana | Non-compliance with regulations
Commitments and Contingencies Disclosure [Line Items]
Impact to earnings		0.5
North America | Banana | Non-compliance with regulations
Commitments and Contingencies Disclosure [Line Items]
Impact to earnings	$ 0.4
Kunia Well Site
Commitments and Contingencies Disclosure [Line Items]
Number of plaintiffs | subsidiary			1
Kunia Well Site cleanup operation, undiscounted estimated remediation costs associated with the cleanup		2.6
Kunia Well Site | Other noncurrent liabilities
Commitments and Contingencies Disclosure [Line Items]
Kunia Well Site cleanup operation, accrual for the expected future clean-up costs		2.3
Kunia Well Site | Accounts payable and accrued expenses
Commitments and Contingencies Disclosure [Line Items]
Kunia Well Site cleanup operation, accrual for the expected future clean-up costs		$ 0.3

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Numerator:
Net income attributable to Fresh Del Monte Produce Inc.	$ 53.6	$ 47.7	$ 79.7	$ 86.7
Denominator:
Weighted average number of ordinary shares - Basic (shares)	47,919,451	48,032,711	47,814,403	47,962,822
Effect of dilutive securities - share-based employee options and awards (shares)	55,766	180,322	125,165	220,465
Weighted average number of ordinary shares - Diluted (shares)	47,975,217	48,213,033	47,939,568	48,183,287
Antidilutive awards (shares)	140,279	285,463	140,279	285,463
Net income per ordinary share attributable to Fresh Del Monte Produce Inc.:
Basic (usd per share)	$ 1.12	$ 0.99	$ 1.67	$ 1.81
Diluted (usd per share)	$ 1.12	$ 0.99	$ 1.66	$ 1.80

Retirement and Other Employee_3

Retirement and Other Employee Benefits (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
United States
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1.8	$ 1.4	$ 3.6	$ 2.8
Interest cost	2.1	1.8	4.2	3.6
Expected return on assets	(0.8)	(0.8)	(1.7)	(1.6)
Amortization of net actuarial loss	0.4	0.1	0.9	0.3
Net periodic benefit costs	3.5	2.5	7	5.1
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit costs	$ 0.8	$ 1.5	$ 1.5	$ 1.9

Business Segment Data - Narrati

Business Segment Data - Narrative (Details)	6 Months Ended
	Jun. 28, 2024 segment1
Segment Reporting [Abstract]
Number of reportable segments	3

Business Segment Data - Segment

Business Segment Data - Segment Reconciliations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Net sales	$ 1,139.7	$ 1,180.5	$ 2,247.5	$ 2,309
Gross profit	113.2	116.8	195.4	213.8
North America
Segment Reporting Information [Line Items]
Net sales	680.9	704.2	1,335.7	1,371.4
Europe
Segment Reporting Information [Line Items]
Net sales	225.9	224.5	435.2	441
Asia
Segment Reporting Information [Line Items]
Net sales	113.3	132.2	219.9	244.3
Middle East
Segment Reporting Information [Line Items]
Net sales	93.6	100.6	192.9	202.4
Other
Segment Reporting Information [Line Items]
Net sales	26	19	63.8	49.9
Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	694.1	677.6	1,370.8	1,321
Gross profit	77.9	62.1	133.9	109.1
Banana
Segment Reporting Information [Line Items]
Net sales	394.3	448.8	773.8	873.9
Gross profit	29.8	50.5	51.5	93.7
Other products and services
Segment Reporting Information [Line Items]
Net sales	51.3	54.1	102.9	114.1
Gross profit	$ 5.5	$ 4.2	$ 10	$ 11

Business Segment Data - Net Sal

Business Segment Data - Net Sales By Product (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Segment Reporting Information [Line Items]
Net sales	$ 1,139.7	$ 1,180.5	$ 2,247.5	$ 2,309
Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	694.1	677.6	1,370.8	1,321
Banana
Segment Reporting Information [Line Items]
Net sales	394.3	448.8	773.8	873.9
Other products and services
Segment Reporting Information [Line Items]
Net sales	51.3	54.1	102.9	114.1
Fresh-cut fruit | Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	144.6	153	264.4	277.7
Fresh-cut vegetables | Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	85	82.5	166.4	164.4
Pineapples | Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	169	172.5	332.6	322.4
Avocados | Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	100.4	74.7	179.9	139.4
Non-tropical fruit | Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	47.3	41.4	107.9	102.7
Prepared foods | Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	66.9	69.5	136.4	136.1
Melons | Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	28.1	28	81.3	73.5
Tomatoes | Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	3.4	5.3	7	10.7
Vegetables | Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	28	32	53.5	58.5
Other fruit and vegetables | Fresh and value-added products
Segment Reporting Information [Line Items]
Net sales	$ 21.4	$ 18.7	$ 41.4	$ 35.6
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%	57%	61%	57%
Sales | Product Concentration Risk | Banana
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	35%	38%	34%	38%
Sales | Product Concentration Risk | Other products and services
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	5%	5%	5%	5%
Sales | Product Concentration Risk | Fresh-cut fruit | Fresh and value-added products
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	13%	13%	12%	12%
Sales | Product Concentration Risk | Fresh-cut vegetables | Fresh and value-added products
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	7%	7%	7%	7%
Sales | Product Concentration Risk | Pineapples | Fresh and value-added products
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	15%	15%	15%	14%
Sales | Product Concentration Risk | Avocados | Fresh and value-added products
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	9%	6%	8%	6%
Sales | Product Concentration Risk | Non-tropical fruit | Fresh and value-added products
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	4%	3%	5%	4%
Sales | Product Concentration Risk | Prepared foods | Fresh and value-added products
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	6%	6%	6%	6%
Sales | Product Concentration Risk | Melons | Fresh and value-added products
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	2%	2%	4%	3%
Sales | Product Concentration Risk | Tomatoes | Fresh and value-added products
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	0%	0%	0%	0%
Sales | Product Concentration Risk | Vegetables | Fresh and value-added products
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	2%	3%	2%	3%
Sales | Product Concentration Risk | Other fruit and vegetables | Fresh and value-added products
Segment Reporting Information [Line Items]
Concentration risk (as a percent)	2%	2%	2%	2%

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Aug. 02, 2024	Jun. 28, 2024
Derivative [Line Items]
Derivative, Net Liability Position, Aggregate Fair Value		$ 0.1
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months		5.7
Cash Flow Hedge Gain (Loss) to be Reclassified during the next 6 years		$ (5)
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer		4 years
Subsequent Event
Derivative [Line Items]
Derivative Instrument, Cash Paid To Terminate Contract	$ 7.3
Derivative Instrument, Fees Paid To Terminate Contract	$ 0.2
Interest Rate Contracts
Derivative [Line Items]
Notional amount		$ 200

Derivative Financial Instrume_4

Derivative Financial Instruments - Outstanding Foreign Currency Forward Contracts that were Entered into to Hedge Forecasted Cash Flows (Details) - Jun. 28, 2024 € in Millions, £ in Millions, Ksh in Millions	EUR (€)	GBP (£)	KES (Ksh)
Foreign exchange contracts
Derivative [Line Items]
Notional amount	€ 64.1	£ 2.7	Ksh 1,052.2

Derivative Financial Instrume_5

Derivative Financial Instruments - Fair Values of Derivative Instruments (Details) - USD ($) $ in Millions	Jun. 28, 2024	Dec. 29, 2023
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, assets	$ 1.8	$ 0.1
Interest rate swaps, asset	9.1	7.9
Total	10.9	8
Foreign currency forward contracts, Liability	0	0.4
Interest rate swaps, liability	0	0
Total	0	0.4
Prepaid expenses and other current assets
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, assets	1.8	0.1
Interest rate swaps, asset	0	2.1
Total	1.8	2.2
Other non-current assets
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, assets	0	0
Interest rate swaps, asset	9.1	5.8
Total	9.1	5.8
Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, Liability	0	0.4
Interest rate swaps, liability	0	0
Total	$ 0	$ 0.4

Derivative Financial Instrume_6

Derivative Financial Instruments - Effect on Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Net amount of gain (loss) recognized in other comprehensive income on derivatives	$ 1	$ 4.3	$ 6.8	$ 4.3
Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Net amount of gain (loss) recognized in other comprehensive income on derivatives	1.4	(0.4)	5.1	4.5
Interest rate swaps, net of tax
Derivative Instruments, Gain (Loss) [Line Items]
Net amount of gain (loss) recognized in other comprehensive income on derivatives	$ (0.4)	$ 4.7	$ 1.7	$ (0.2)

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Summary of Fair Values of Assets and Liabilities Measured on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Millions	Jun. 28, 2024	Dec. 29, 2023
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 asset	0	0
Significant Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency forward contracts, net asset (liability)	1.8	(0.3)
Interest rate contracts, net asset	9.1	7.9
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 asset	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions			3 Months Ended	6 Months Ended
	Jul. 02, 2024	Jun. 27, 2024	Jun. 28, 2024	Jun. 28, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from sale of property held-for-sale			$ 17.8
Gain (Loss) on Disposition of Unproved Property			3.4	$ 18.1
Proceeds from sales of property, plant and equipment				21.1	$ 96.8
Proceeds from sales of property, plant and equipment				21.1	$ 96.8
North America | Subsequent Event
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from sale of property held-for-sale	$ 20.8
Europe
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Proceeds from sale of property held-for-sale		$ 4.2
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			10.9	10.9
Property, Plant and Equipment | Central America
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale related to discontinuance of different assets			1.7	1.7
Property, Plant and Equipment | North America
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets held for sale related to discontinuance of different assets			$ 8.9	$ 8.9

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes in OCI (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 28, 2024	Jun. 30, 2023
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	$ 1,912.7
Other comprehensive (loss) income, before reclassifications	1	$ 8.6
Amounts reclassified from accumulated other comprehensive (loss) income	(1.9)	(1.6)
Net current period other comprehensive (loss) income	(0.9)	7
Balance, value	1,970.2
Foreign currency transaction and translation gain (loss)	4.2	0.4
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	0.2	1.4
Cash Flow Hedges
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	3.8	6
Other comprehensive (loss) income, before reclassifications	9.1	6.3
Amounts reclassified from accumulated other comprehensive (loss) income	(2.3)	(2)
Net current period other comprehensive (loss) income	6.8	4.3
Balance, value	10.6	10.3
Foreign Currency Translation Adjustment
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	(37.1)	(36)
Other comprehensive (loss) income, before reclassifications	(6.7)	2.7
Amounts reclassified from accumulated other comprehensive (loss) income	0	0
Net current period other comprehensive (loss) income	(6.7)	2.7
Balance, value	(43.8)	(33.3)
Retirement Benefit Adjustment
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	(10)	(11.5)
Other comprehensive (loss) income, before reclassifications	(1.4)	(0.4)
Amounts reclassified from accumulated other comprehensive (loss) income	0.4	0.4
Net current period other comprehensive (loss) income	(1)	0
Balance, value	(11)	(11.5)
Total
Changes in Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, value	(43.3)	(41.5)
Balance, value	$ (44.2)	$ (34.5)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Reclassification from OCI (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	$ 1,139.7	$ 1,180.5	$ 2,247.5	$ 2,309
Cost of products sold	(1,026.5)	(1,063.7)	(2,052.1)	(2,095.2)
Interest expense	(5.2)	(6.5)	(10.4)	(14.4)
Total	53.6	47.7	79.7	86.7
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Cash flow hedges:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net sales	(0.5)	(0.2)	(0.8)	(0.3)
Cost of products sold	0.9	0	3.1	2.2
Interest expense	(2)	(2.2)
Total	(1.6)	(2.4)	(2.3)	(2)
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Cash flow hedges: | Interest rate swaps, net of tax
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Interest expense			(4.6)	(3.9)
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Amortization of retirement benefits:
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total	0.4	0.3	1.1	0.4
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other expense, net	0	0.2	0.4	0.3
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Curtailment and settlement losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other expense, net	$ 0.4	$ 0.1	$ 0.7	$ 0.1

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions						3 Months Ended		6 Months Ended
	Jul. 30, 2024	Jun. 07, 2024	Mar. 29, 2024	Jun. 09, 2023	Mar. 31, 2023	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023	Dec. 29, 2023
Subsequent Event [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)						47,935,668		47,935,668		47,629,018
Ordinary shares, outstanding (shares)						47,935,668		47,935,668		47,629,018
Dividends declared per ordinary share (usd per share)		$ 0.25	$ 0.25	$ 0.20	$ 0.15	$ 0.25	$ 0.20	$ 0.50	$ 0.35
Payments of dividends, common stock								$ 23.9	$ 16.8
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per ordinary share (usd per share)	$ 0.25

Shareholders' Equity - Dividend

Shareholders' Equity - Dividends (Details) - $ / shares					3 Months Ended		6 Months Ended
	Jun. 07, 2024	Mar. 29, 2024	Jun. 09, 2023	Mar. 31, 2023	Jun. 28, 2024	Jun. 30, 2023	Jun. 28, 2024	Jun. 30, 2023
Stockholders' Equity Note [Abstract]
Cash Dividend Declared, per Ordinary Share (usd per share)	$ 0.25	$ 0.25	$ 0.20	$ 0.15	$ 0.25	$ 0.20	$ 0.50	$ 0.35