XML 63 R23.htm IDEA: XBRL DOCUMENT v2.4.0.8
New Accounting Standards
9 Months Ended
Sep. 30, 2013
Accounting Changes and Error Corrections [Abstract]  
New Accounting Standards
New Accounting Standards
New accounting standards that could significantly affect the company's Condensed Consolidated Financial Statements are summarized as follows:
Issued
Description
Effective Date
for Chiquita
Effect on Chiquita's Consolidated
Financial Statements
July 2013
Requires unrecognized tax benefits to be presented as a decrease in net operating loss, similar tax loss or tax credit carryforward if certain criteria are met.
Prospectively, beginning January 1, 2014; early adoption permitted.

The company is evaluating the impact of the standard as it may affect balance sheet classification of certain unrecognized tax benefits.