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General and Management's Representation
9 Months Ended
Sep. 30, 2012
Notes to Condensed Consolidated Financial Statements [Abstract]  
General and Management's Representation
Interim results for Chiquita Brands International, Inc. ("CBII") and subsidiaries (collectively, with CBII, "Chiquita" or the "company") are subject to significant seasonal variations typical to the industry and are not indicative of the results of operations for a full fiscal year. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary for a fair statement of the results of the interim periods shown have been made.
See Notes to Consolidated Financial Statements included in the company's 2011 Annual Report on Form 10-K for additional information relating to the company's Consolidated Financial Statements. The December 31, 2011 Condensed Consolidated Balance Sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. In the third quarter of 2012, the company recognized a $3 million adjustment for out of period sales rebates, of which $2 million related to the second quarter of 2012 and $1 million related to 2011. Additionally, in the first quarter of 2012, the company recorded $2 million of out of period income tax expense related to 2011 and 2010. These collective corrections had an insignificant effect on all affected annual and quarterly periods and line items based on a quantitative and qualitative evaluation.