10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

ý QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2014

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from  to

Commission file number 1-1550

CHIQUITA BRANDS INTERNATIONAL, INC.

(Exact Name of Registrant as Specified in Its Charter)

New Jersey	04-1923360
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)

550 South Caldwell Street

Charlotte, North Carolina 28202

(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (980) 636-5000

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  Yes  ý    No  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes  ý    No  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	o	Accelerated filer	ý
Non-accelerated filer	o	Smaller reporting company	o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes  o    No  ý

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of October 28, 2014, there were 47,112,311 shares of Common Stock outstanding.

Chiquita Brands International, Inc.

TABLE OF CONTENTS

	Page
PART I - Financial Information
Item 1 - Financial Statements (Unaudited)
Condensed Consolidated Statements of Operations	3
Condensed Consolidated Statements of Comprehensive Income	4
Condensed Consolidated Balance Sheets	5
Condensed Consolidated Statements of Cash Flow	6
Notes to Condensed Consolidated Financial Statements	7
Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations	39
Item 3 - Quantitative and Qualitative Disclosures About Market Risk	49
Item 4 - Controls and Procedures	50
PART II - Other Information
Item 1 - Legal Proceedings	51
Item 1A - Risk Factors	51
Item 6 - Exhibits	51
Signature	52

PART I – Financial Information

Item 1 – Financial Statements

Chiquita Brands International, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands, except per share data)	2014			2013			2014			2013
Net sales	$	738,551		$	723,062		$	2,326,388		$	2,309,485
Cost of sales	663,536			645,170			2,065,095			2,017,667
Selling, general and administrative	53,658			60,966			162,544			177,227
Transaction costs	8,235			—			16,907			—
Depreciation	12,323			13,435			38,911			40,517
Amortization	2,342			2,342			7,025			7,025
Equity in earnings of investees	(105		)	—			(437		)	(72		)
Restructuring and relocation costs	—			(4		)	460			254
Operating income (loss)	(1,438		)	1,153			35,883			66,867
Interest income	600			690			1,905			2,197
Interest expense	(15,564		)	(15,356		)	(46,331		)	(44,698		)
Loss on debt extinguishment	—			—			(521		)	(6,275		)
Other income (expense), net	(1,036		)	(501		)	(5,172		)	1,622
Income (loss) before income taxes	(17,438		)	(14,014		)	(14,236		)	19,713
Income tax expense	(518		)	(3,800		)	(10,487		)	(4,050		)
Net income (loss)	$	(17,956	)	$	(17,814	)	$	(24,723	)	$	15,663
Earnings (loss) per common share – basic	$	(0.38	)	$	(0.38	)	$	(0.53	)	$	0.34
Earnings (loss) per common share – diluted	$	(0.38	)	$	(0.38	)	$	(0.53	)	$	0.33

See Notes to Condensed Consolidated Financial Statements.

3

Chiquita Brands International, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands)	2014			2013			2014			2013
Net income (loss)	$	(17,956	)	$	(17,814	)	$	(24,723	)	$	15,663
Unrealized foreign currency translation gains (losses)	1			(753		)	16			(381		)
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—			252			—
Net other comprehensive income (loss) related to foreign currency translation	1			(753		)	268			(381		)
Change in fair value of available-for-sale investment	—			—			—			157
Realized gains of available-for-sale investment reclassified into Other income (expense), net	—			—			—			(561		)
Net other comprehensive loss related to available-for-sale investment	—			—			—			(404		)
Unrealized gains (losses) on derivatives for the period	19,072			(6,183		)	22,467			(8,308		)
Derivative (gains) losses reclassified into Net sales	(1,543		)	6,114			504			21,328
Derivative (gains) losses reclassified into Cost of sales	822			(2,277		)	586			(7,267		)
Net other comprehensive income (loss) related to derivatives	18,351			(2,346		)	23,557			5,753
Actuarial losses for the period, net of $0, $3, $259 and $133, respectively, of income tax benefit	—			(42		)	(905		)	(1,448		)
Amortization included in pension cost	297			342			893			1,018
Net other comprehensive gain (loss) related to defined benefit pension and severance plans	297			300			(12		)	(430		)
	18,649			(2,799		)	23,813			4,538
Comprehensive income (loss)	$	693		$	(20,613	)	$	(910	)	$	20,201

See Notes to Condensed Consolidated Financial Statements.

4

Chiquita Brands International, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(In thousands, except share data)	September 30, 2014			December 31, 2013			September 30, 2013
ASSETS
Current assets:
Cash and equivalents	$	45,092		$	54,017		$	71,766
Trade receivables, less allowances of $17,443, $19,602 and $19,978, respectively	248,617			252,068			269,892
Other receivables, net	68,168			56,273			66,602
Inventories	208,931			210,564			234,783
Prepaid expenses	42,393			49,733			47,170
Other current assets	25,392			6,540			17,463
Total current assets	638,593			629,195			707,676
Property, plant and equipment, net	400,360			390,773			392,884
Investments and other assets, net	106,439			108,077			88,989
Trademarks	426,085			426,085			426,085
Goodwill	18,095			18,095			18,095
Other intangible assets, net	79,887			86,913			89,254
Total assets	$	1,669,459		$	1,659,138		$	1,722,983
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	4,648		$	2,271		$	2,191
Accounts payable	248,730			248,273			283,641
Accrued liabilities	155,640			158,034			148,346
Total current liabilities	409,018			408,578			434,178
Long-term debt and capital lease obligations, net of current portion	634,882			629,353			620,012
Accrued pension and other employee benefits	81,394			77,066			82,295
Deferred gain – sale of shipping fleet	—			6,290			9,823
Deferred tax liabilities	107,318			103,679			111,942
Other liabilities	58,764			59,734			70,424
Total liabilities	1,291,376			1,284,700			1,328,674
Commitments and contingencies	—			—			—
Shareholders' equity:
Common stock, $.01 par value (47,048,211, 46,829,913 and 46,759,590 shares outstanding, respectively)	470			468			468
Capital surplus	844,217			839,664			838,261
Accumulated deficit	(464,634		)	(439,911		)	(408,433		)
Accumulated other comprehensive loss	(1,970		)	(25,783		)	(35,987		)
Total shareholders' equity	378,083			374,438			394,309
Total liabilities and shareholders' equity	$	1,669,459		$	1,659,138		$	1,722,983

See Notes to Condensed Consolidated Financial Statements.

5

Chiquita Brands International, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited)

	Nine Months Ended September 30,
(In thousands)	2014			2013
Cash provided (used) by:
OPERATIONS
Net income (loss)	$	(24,723	)	$	15,663
Depreciation and amortization	45,936			47,542
Loss on debt extinguishment	521			6,275
Reserve for trade receivables	5,085			3,141
Amortization of discount on Convertible Notes	9,144			8,100
Amortization of gain on sale of the shipping fleet	(6,290		)	(10,381		)
Stock-based compensation	5,583			4,523
Changes in current assets and liabilities and other	5,415			16,875
Operating cash flow	40,671			91,738
INVESTING
Capital expenditures	(38,836		)	(36,165		)
Contribution to equity-method investment	—			(13,102		)
Net proceeds from sale of long-term assets	5,256			11,751
Other, net	(3,736		)	3,559
Investing cash flow	(37,316		)	(33,957		)
FINANCING
Issuances of long-term debt	—			429,415
Repayments of long-term debt and capital lease obligations	(11,714		)	(412,646		)
Borrowings under the ABL Revolver	24,000			36,590
Repayments of the ABL Revolver	(24,000		)	(36,590		)
Repayments of the Credit Facility Revolver	—			(40,000		)
Payments for debt modification and issuance costs	(266		)	(13,810		)
Payments of debt extinguishment costs	(300		)	—
Financing cash flow	(12,280		)	(37,041		)
Increase (decrease) in cash and equivalents	(8,925		)	20,740
Cash and equivalents, beginning of period	54,017			51,026
Cash and equivalents, end of period	$	45,092		$	71,766

See Notes to Condensed Consolidated Financial Statements.

6

Chiquita Brands International, Inc.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Note 1 – Basis of Presentation

The accompanying interim financial statements of Chiquita Brands International, Inc., which we refer to as Chiquita, the company, we or us, have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in our Form 10-K for year ended December 31, 2013. In the opinion of management, all adjustments, which include only normal recurring adjustments unless otherwise noted, necessary for a fair statement of the results of the interim periods shown have been made. The results of operations for interim periods are subject to significant seasonal variations typical to the industry and are not indicative of the results to be expected for the full year. The Condensed Consolidated Financial Statements include the accounts of Chiquita Brands International, Inc. and its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

    See Notes to Consolidated Financial Statements included in our 2013 Annual Report on Form 10-K for additional information relating to the Consolidated Financial Statements. The December 31, 2013 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.

Note 2 – Earnings Per Share

Basic and diluted earnings (loss) per common share ("EPS") are calculated as follows:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands, except per share amounts)	2014			2013			2014			2013
Net income (loss)	$	(17,956	)	$	(17,814	)	$	(24,723	)	$	15,663
Weighted average common shares outstanding (used to calculate basic EPS)	46,981			46,633			46,915			46,495
Dilutive effect of stock options and other stock awards	—			—			—			940
Weighted average common shares outstanding (used to calculate diluted EPS)	46,981			46,633			46,915			47,435
Earnings (loss) per common share – basic	$	(0.38	)	$	(0.38	)	$	(0.53	)	$	0.34
Earnings (loss) per common share – diluted	$	(0.38	)	$	(0.38	)	$	(0.53	)	$	0.33

If we had generated net income for the quarters ended September 30, 2014 and 2013 and the nine months ended September 30, 2014, an additional 1.4 million, 1.3 million, and 1.2 million shares, respectively, would have been added to basic weighted average common shares outstanding to calculate diluted EPS.

The assumed conversions to common stock of stock options, other stock awards and 4.25% Convertible Senior Notes due 2016 ("Convertible Notes") are excluded from weighted average common shares outstanding used to calculate diluted EPS in periods when these items, on an individual basis, have an anti-dilutive effect on diluted EPS. For the quarters and nine months ended September 30, 2014 and 2013, the effect of the conversion of the Convertible Notes would have been anti-dilutive because the average trading price of the common stock was below the initial conversion price of $22.45 per share. In addition, certain stock options and other stock awards totaling 0.1 million and 0.2 million for the quarters ended September 30, 2014 and 2013, respectively, and 0.1 million and 1.3 million for the nine months ended September 30, 2014 and 2013, respectively, were outstanding but not included in the computation of diluted EPS because they were anti-dilutive.

Note 3 - Strategic Combination with Fyffes and Cutrale-Safra Definitive Merger Agreement

On March 10, 2014, we announced our intention to combine with Fyffes plc ("Fyffes") and entered into a transaction agreement for the proposed combination, the terms of which were amended on September 25, 2014. A special meeting of our shareholders was held on October 24, 2014 in which the shareholders did not approve the amended transaction agreement with Fyffes, therefore Fyffes delivered a notice of termination of the transaction agreement. In connection with the now terminated Fyffes strategic combination, we have incurred legal, advisory and other expenses totaling $4 million and $13 million during the quarter and nine months ended September 30, 2014, respectively. In addition, under the terms of the amended transaction agreement and expenses reimbursement agreement, we will pay Fyffes a termination fee of approximately $23 million in November 2014. 

7

On October 26, 2014, Chiquita entered into a Definitive Merger Agreement (the "Merger Agreement") with Cavendish Global Limited ("Cavendish"), a private limited company incorporated under the laws of England and Wales. Cavendish is an affiliate of the Cutrale Group and the Safra Group. Pursuant to the Merger Agreement, among other things: Cavendish commenced a tender offer on November 4, 2014 to purchase all of the issued and outstanding shares of common stock, par value $0.01 per share, of Chiquita, subject to the conditions set forth in the Merger Agreement, at a purchase price of $14.50 per share.  Chiquita's board of directors has unanimously approved the transaction. Pending regulatory approval, the transaction is expected to be finalized by the end of 2014 or in early 2015. In connection with the Merger Agreement, we have incurred legal, advisory and other expenses totaling $4 million for both the quarter and nine months ended September 30, 2014.

In connection with the Merger Agreement with Cavendish, we made customary representations and warranties and agreed to customary covenants limiting our ability to, among other things, issue shares of capital stock; pay dividends; repurchase, redeem or acquire capital stock; redeem, repurchase, prepay or incur indebtedness; enter into, terminate or amend existing material contracts; enter into employment or severance agreements with certain employees; acquire equity interests or assets of third parties; sell or otherwise dispose of assets; and conduct restructuring or reorganization activities.

Note 4 – Trade and Finance Receivables

TRADE RECEIVABLES

Our primary markets are in North America and Europe, but we also have sales in the Middle East and other markets. The majority of our sales in the Middle East are in Iran under license from the U.S. government that allows sale of food products to non-sanctioned parties. Sales to Iranian customers are in U.S. dollars and represent $9 million, $17 million and $17 million of "Trade receivables, less allowances" on the Condensed Consolidated Balance Sheet as of September 30, 2014, December 31, 2013 and September 30, 2013, respectively. Even though the sales in Iran are permitted, the international sanctions against Iran affected the ability of certain Iranian customers to pay invoices within terms because it became difficult for them to obtain U.S. dollars, euros or other suitable currencies in sufficient quantity on a regular basis. Over the course of 2012, our receivable balance with these customers increased, and we established payment plans with each of these customers to reduce their balances. Certain customers have so far been able to find acceptable methods of payment to comply with their payment plans. However, some customers have not, and as a result, we recorded a reserve of $9 million in 2012, with an additional $2 million in 2013 as a result of further delinquency and other repayment risk. We source bananas from the Philippines for sale in the Middle East under a committed-volume, long term purchase contract with a former joint venture partner through 2016. To mitigate risk, we have reduced the amount of volume being sent to the Middle East and have developed other Middle Eastern markets. However, Iran remains an important market for our Philippine-sourced bananas.

FINANCE RECEIVABLES

Finance receivables were as follows:

	September 30, 2014					December 31, 2013					September 30, 2013
(In thousands)	Grower Receivables			Seller Financing		Grower Receivables			Seller Financing		Grower Receivables			Seller Financing
Gross receivable	$	39,724		$	24,401	$	35,761		$	27,127	$	36,092		$	28,001
Reserve	(32,653		)	—		(32,877		)	—		(32,927		)	—
Net receivable	$	7,071		$	24,401	$	2,884		$	27,127	$	3,165		$	28,001
Current portion, net	$	7,071		$	4,229	$	2,884		$	3,990	$	3,165		$	3,913
Long-term portion, net	—			20,172		—			23,137		—			24,088
Net receivable	$	7,071		$	24,401	$	2,884		$	27,127	$	3,165		$	28,001

8

Seasonal advances may be made to certain qualified growers, which are normally collected as the produce is harvested and sold. We generally require asset liens and pledges of the season's produce as collateral to support these advances. If sales of the season's produce do not result in full repayment of the advance, we may exercise the collateral provisions or renegotiate the terms, including terms of interest, to collect the remaining balance.

During the nine months ended September 30, 2014, there was no significant activity in the reserve for grower receivables balance. In the third quarter of 2013, we recovered $1 million of grower receivables that were previously reserved and in the second quarter of 2013, we wrote off another $3 million. Other movements in grower receivable reserves in 2013 were not significant.

The gross grower receivable balance in each period primarily relates to a former Chilean grower of grapes and other produce, that we fully reserved in 2011, when the grower was declared bankrupt. We continue to aggressively negotiate recovery.

We provided seller financing in the 2009 sale of the former joint venture that sourced bananas and pineapples from the Philippines for sale in the Middle East and Asia. The financing for the sale of this joint venture is a note that is receivable in equal installments through 2019. As of September 30, 2014, payments are current on this note receivable.

Note 5 – Inventories

Inventories consist of the following:

(In thousands)	September 30, 2014		December 31, 2013		September 30, 2013
Finished goods	$	69,244	$	69,450	$	79,706
Growing crops	73,068		74,985		79,899
Raw materials, supplies and other	66,619		66,129		75,178
	$	208,931	$	210,564	$	234,783

Note 6 – Debt including Capital Lease Obligations

The carrying values of our debt represent amortized cost and are summarized below with estimated fair values:

	September 30, 2014					December 31, 2013					September 30, 2013
	Carrying Value			Estimated Fair Value1		Carrying Value			Estimated Fair Value1		Carrying Value			Estimated Fair Value1
(In thousands)
7.875% Senior Secured Notes due 2021	$	412,403		$	449,000	$	422,174		$	459,000	$	422,100		$	453,000
4.25% Convertible Senior Notes due 2016	173,194			200,000		164,050			194,000		161,182			196,000
ABL Term Loan	5,250			5,000		6,375			6,000		6,750			6,000
Capital lease obligations2	42,142			42,000		39,025			39,000		32,171			32,000
Other debt	6,541			6,000		—			—		—			—
Less current portion	(4,648		)			(2,271		)			(2,191		)
Total long-term debt and capital lease obligations	$	634,882				$	629,353				$	620,012

¹  The fair value of the senior notes is based on observable inputs, which include quoted prices for similar assets or liabilities in an active market and market-corroborated inputs (Level 2). All other debt may be traded on the secondary loan market, and the fair value is based on either the last available trading price, if recent, or trading prices of comparable debt (Level 3). See Note 8 for further discussion of fair value.

² Capital lease obligations include the borrowings for the salad production and warehousing facility in the Midwest. See further description of the build-to-suit lease below.

7.875% SENIOR SECURED NOTES

In February 2013, Chiquita Brands International, Inc. ("CBII") and its main operating subsidiary, Chiquita Brands L.L.C. ("CBL"), completed the offering of $425 million of 7.875% senior secured notes due February 1, 2021 ("7.875% Notes"). The notes were issued at 99.274% of par, resulting in a recorded discount that will be amortized over the life of the 7.875% Notes to reflect the effective interest rate of 8.0%. The 7.875% Notes were registered with the United States Securities and Exchange Commission through an exchange offer on January 6, 2014, which was completed on February 4, 2014. The 7.875% Notes bear interest of 7.875% per year (payable semi-annually in arrears on February 1 and August 1 of each year). On January 31, 2014, we redeemed $10 million of the 7.875% Notes at 103% of the principal amount (plus interest to the redemption date), incurring less than $1 million of expense in 2014 for call premiums and deferred financing fee write-offs.

9

On or before February 1, 2016, CBII and CBL may redeem on one or more occasions up to 35% of the aggregate principal amounts with cash proceeds from certain equity sales at a redemption price of 107.875% of the principal amount plus accrued interest, provided that at least 65% of the original aggregate principal amount of the 7.875% Notes remains outstanding after each such redemption. Also, on or before February 5, 2016, CBII and CBL may redeem a portion of the 7.875% Notes at a redemption price of 103% of the principal amount plus accrued interest, provided that no more than $42.5 million aggregate principal amount may be redeemed each year. CBII and CBL may also redeem the 7.875% Notes as follows:

If redeemed during the 12-month period commencing February 1,	Redemption Price
2016	105.906%
2017	103.938%
2018	101.969%
2019 and thereafter	100.000%

Upon a change of control of CBII, CBII and CBL (or a third party on their behalf) will be required to make an offer to purchase the notes at 101% of their principal amount, plus accrued interest.

4.25% CONVERTIBLE SENIOR NOTES

Our $200 million of 4.25% Convertible Senior Notes due 2016 ("Convertible Notes") are convertible at an initial conversion rate of 44.5524 shares of common stock per $1,000 in principal amount, equivalent to an initial conversion price of approximately $22.45 per share of common stock. The conversion rate is subject to adjustment based on certain dilutive events, including stock splits, stock dividends and other distributions (including cash dividends) in respect of the common stock. Holders of the Convertible Notes may tender their notes for conversion between May 15 and August 14, 2016, in multiples of $1,000 in principal amount, without limitation. Prior to May 15, 2016, holders of the Convertible Notes may tender the notes for conversion only under certain circumstances, in accordance with their terms.

The carrying amounts of the debt and equity components of the Convertible Notes are as follows:

(In thousands)	September 30, 2014			December 31, 2013			September 30, 2013
Principal amount of debt component1	$	200,000		$	200,000		$	200,000
Unamortized discount	(26,806		)	(35,950		)	(38,818		)
Net carrying amount of debt component	$	173,194		$	164,050		$	161,182
Equity component	$	84,904		$	84,904		$	84,904
Issuance costs and income taxes	(3,210		)	(3,210		)	(3,210		)
Equity component, net of issuance costs and income taxes	$	81,694		$	81,694		$	81,694

¹  As of September 30, 2014, December 31, 2013 and September 30, 2013, the Convertible Notes' "if-converted" value did not exceed their principal amount because our common stock price was below the conversion price of the Convertible Notes.

The interest expense related to the Convertible Notes was as follows:

	Quarter Ended September 30,				Nine Months Ended September 30,
(In thousands)	2014		2013		2014		2013
4.25% coupon interest	$	2,125	$	2,125	$	6,375	$	6,375
Amortization of deferred financing fees	117		117		352		352
Amortization of discount on the debt component	3,141		2,782		9,144		8,100
Total interest expense related to the Convertible Notes	$	5,383	$	5,024	$	15,871	$	14,827

ASSET-BASED LENDING FACILITY

CBII and CBL also entered into a 5-year secured asset-based lending facility ("ABL Facility") concurrently with the closing of the 7.875% Notes offering on February 5, 2013. The ABL Facility consists of a revolver (the "ABL Revolver") and a $7.5 million term loan (the "ABL Term Loan"). The ABL Facility matures at the earlier of February 5, 2018 or 60 days prior to the maturity of the 4.25% Convertible Senior Notes due August 15, 2016, unless such notes have been satisfactorily refinanced. The ABL Term Loan requires annual repayments of approximately $2 million.

The ABL Facility has a maximum borrowing capacity of $150 million, with the ABL Revolver subject to a borrowing base calculation based on specified percentages of domestic receivables, certain inventory and certain domestic machinery and equipment.

10

At September 30, 2014, there were no borrowings under the ABL Revolver, under which $84 million was available after $25 million was used to support letters of credit.

Loans under the ABL Facility bear interest at:

• A rate equal to LIBOR plus a margin of from 1.75% to 2.25%, or Base Rate plus a margin of from 0.25% to 0.75%, determined based on levels of borrowing availability reset each fiscal quarter;

• In the case of the Fixed Asset Sub-Line, a rate equal to LIBOR plus a margin from 2.25% to 2.75%, or Base Rate plus a margin of from 0.75% to 1.25%, determined based on levels of borrowing availability reset each fiscal quarter; and

• In the case of the ABL Term Loan, a rate equal to LIBOR plus a margin from 2.75% to 3.25%, or Base Rate plus a margin of from 1.25% to 1.75%, determined based on levels of borrowing availability reset each fiscal quarter.

At September 30, 2014, the weighted average interest rate for the ABL Facility was LIBOR plus 2.75%, or 2.91%.

The ABL Facility contains a fixed charge coverage ratio covenant that did not apply at September 30, 2014 because it is only applicable when excess availability (as defined under such facility) is less than $20 million. The ABL Facility also contains a covenant requiring CBII and its subsidiaries to maintain substantially all of its cash in accounts that are subject to the control of the collateral agent under the ABL Facility that did not apply at September 30, 2014 because it is only applicable when (a) an event of default under the facility occurs and is continuing or (b) excess availability (as defined under such facility) is less than $25 million.

The ABL facility also contains other customary affirmative and negative covenants, including limitations on CBII and its subsidiaries' ability to incur indebtedness, create or permit the existence of liens over their assets, engage in certain mergers, asset sales and liquidations, prepay certain indebtedness, pay dividends and other "restricted payments," and engage in transactions with their affiliates, in each case subject to customary exceptions. At September 30, 2014, we were in compliance with the ABL and its other agreements and expect to remain in compliance for at least the next twelve months.

BUILD-TO-SUIT LEASE FOR MIDWEST SALAD PLANT CONSOLIDATION

In June 2012, we entered into a 20-year lease agreement for a salad production and warehousing facility in the Midwest that replaced three existing facilities in the region. The lease agreement contains two5-year extension periods. The plant was phased into service during 2013, and the construction costs were finalized on March 31, 2014 resulting in an interest rate of 6.3% to calculate the capital lease liability and future payments. Lease payments will increase annually based on CPI. The total liability related to this facility was $42 million, $38 million and $38 million at September 30, 2014, December 31, 2013 and September 30, 2013, respectively, of which approximately $1 million was current at each of those dates. At September 30, 2014 and December 31, 2013, this liability was included as a capital lease obligation on the Condensed Consolidated Balance Sheets. At September 30, 2013, $31 million was included as a capital lease obligation corresponding to the portion of the leased facility that was placed into service and $1 million and $6 million obligations corresponding to the construction in progress of the leased facility were included in "Accrued liabilities" and "Other liabilities", respectively. Though the construction costs were financed by the lessor, we acted as the construction agent and were responsible for all construction activity during the construction period because of the specialized nature of the facility. As a result, we were treated as the owner for accounting purposes during the construction period.

OTHER DEBT

In the first quarter of 2014, we purchased a group of banana farms in Honduras that were adjacent to farms that we already owned. The purchase included approximately 700 hectares of land, of which nearly 450 hectares are in production, as well as related buildings and equipment. The purchase price was $10 million, of which $3 million was paid at closing and is included in "Investing: Other, net" in the Condensed Consolidated Statement of Cash Flows. The remaining $7 million was financed by the sellers and is payable in annual installments over four years. The agreement did not specify an interest rate, and we calculated the debt balance using the effective rate method and an estimated interest rate of 8%.

Note 7 – Hedging

Derivative instruments are carried at fair value in the Condensed Consolidated Balance Sheets. For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gains or losses is deferred as a component of "Accumulated other comprehensive income (loss)" ("AOCI") and reclassified into net income in the same period during which the hedged transaction affects net income. Gains and losses on derivatives representing hedge ineffectiveness are recognized in net income (loss) currently. See further information regarding fair value measurements of derivatives in Note 8.

To manage our exposure to exchange rates on the conversion of euro-based revenue into U.S. dollars, we use average rate euro put options, average rate collars (a purchased average rate euro put option paired with a sold average rate euro call option) and average rate euro forward contracts. In some cases, we may enter into an average rate euro put and an average rate euro call at the same strike rate (a "synthetic average rate forward") to effectively lock in the exchange rate of the notional amount

11

similar to an average rate euro forward. Average rate euro put options require an upfront premium payment and reduce the risk of a decline in the value of the euro without limiting the benefit of an increase in the value of the euro. Average rate euro call options sold by us require an upfront premium payment to be received from the counterparty and limit the benefit of an increase in the value of the euro without limiting the risk of a decline in the value of the euro. Average rate forward contracts lock in the value of the euro and do not require an upfront premium. These instruments are designated as cash flow hedges. At September 30, 2014, the amount of unrealized net gains on our currency hedging portfolio that would be reclassified to net income, if realized in the next twelve months, is $21 million; these net gains were deferred in "AOCI."

In connection with the February 2013 debt refinancing further discussed in Note 6, certain of our hedging counterparties that were members of the previous Credit Facility were no longer participants in the ABL Facility. Upon consummation of the ABL Facility on February 5, 2013, we transferred all outstanding hedge positions with former Credit Facility members to lenders under the ABL Facility. The transferred positions included approximately €71 million notional amount of euro call and put options that matured during the first three quarters of 2013. The change in counterparty is a change in a critical term resulting in termination of hedge accounting at the transfer date. Due to technical accounting requirements, these specific option contracts did not qualify to be re-designated as cash flow hedges at the transfer date. Therefore, the decline in fair value of these options through the transfer date was deferred in AOCI until the hedged transaction occurred because the related hedged cash flows remained probable of occurrence. However, unrealized changes in fair value after the transfer date were recognized currently in "Net sales."

Loss of hedge accounting did not affect the put and call options' purpose of reducing the volatility inherent in exchanging euro-based revenue into U.S. dollars or change the ultimate earnings or cash flow recognized upon settlement of each position. However, loss of hedge accounting resulted in unintended volatility of earnings for the first, second and third quarters of 2013 as the fair market value adjustments after the transfer date was recognized in "Net sales." Ultimately, for the year ended December 31, 2013, the effect on earnings was the same as if we had maintained hedge accounting. We recorded realized losses of $1 million and $2 million in the quarter and nine months ended September 30, 2013, respectively, in "Net sales" related to the transferred positions.

Most of our foreign operations use the U.S. dollar as their functional currency. As a result, balance sheet translation adjustments due to currency fluctuations are recognized currently in "Cost of sales." To reduce the resulting volatility, we also enter into 30-day euro forward contracts each month to economically hedge the net monetary assets exposed to euro exchange rates. These 30-day euro forward contracts are not designated as hedging instruments, and gains and losses on these forward contracts are recognized currently in "Cost of sales" as follows:

	Quarter ended September 30,						Nine months ended September 30,
(In thousands)	2014			2013			2014			2013
Gains (losses) on 30-day euro forward contracts	$	5,351		$	(3,288	)	$	5,610		$	(3,024	)
Gains (losses) from fluctuations in the value of the net monetary assets exposed to euro exchange rates	(8,095		)	5,384			(12,041		)	332

We also maintain a fuel surcharge program on sales in North America, and we enter into bunker fuel forward contracts (swaps) that allow us to lock in fuel prices for our European shipping rotations up to three years and thereby minimize the volatility that changes in fuel prices could have on our operating results. These bunker fuel forward contracts are designated as cash flow hedging instruments. At September 30, 2014, the amount of unrealized net losses on our bunker fuel hedging portfolio that would be reclassified to net income, if realized, in the next twelve months is $3 million; these net losses were deferred in "Accumulated other comprehensive income (loss)."

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At September 30, 2014, our hedge portfolio was comprised of the following outstanding positions:

	Notional Amount	Contract Average Rate/Price	Settlement Period
Derivatives designated as hedging instruments:
Currency derivatives:
Purchased euro put options	€60 million	$1.34/€	2014
Sold euro call options	€60 million	$1.38/€	2014
Average rate forward contracts	€19 million	$1.36/€	2014
Purchased euro put options	€147 million	$1.35/€	20151
Sold euro call options	€147 million	$1.40/€	20151
Average rate forward contracts	€20 million	$1.38/€	20151
3.5% Rotterdam Barge fuel derivatives:
Bunker fuel forward contracts	20,640 mt	$588/mt	2014
Bunker fuel forward contracts	59,800 mt	$556/mt	20151
Derivatives not designated as hedging instruments:
30-day euro forward contracts	€54 million	$1.27/€	October 2014

¹  Settlement periods for bunker fuel forward contracts and currency derivatives are through September 2015.

Activity related to our derivative assets and liabilities designated as hedging instruments is as follows:

	2014						2013
(In thousands)	Currency Hedge Portfolio			Bunker Fuel Forward Contracts			Currency Hedge Portfolio			Bunker Fuel Forward Contracts
Balance at beginning of year	$	(5,014	)	$	988		$	(23,215	)	$	8,572
Realized (gains) losses included in net income	1,229			(175		)	5,601			(2,839		)
Transfers1	—			—			7,638			—
Purchases (sales), net2	277			—			541			—
Changes in fair value	(323		)	(1,447		)	6,310			1,888
Balance at March 31	$	(3,831	)	$	(634	)	$	(3,125	)	$	7,621
Realized (gains) losses included in net income	1,414			(61		)	4,766			(2,151		)
Purchases (sales), net 2	—			—			62			—
Changes in fair value	1,906			1,641			(5,142		)	(7,673		)
Balance at June 30	$	(511	)	$	946		$	(3,439	)	$	(2,203	)
Realized (gains) losses included in net income	(1,308		)	822			3,568			(1,908		)
Transfers1	—			—			—			193
Purchases (sales), net 2	149			—			314			—
Changes in fair value	23,513			(5,141		)	(10,180		)	3,888
Balance at September 30	$	21,843		$	(3,373	)	$	(9,737	)	$	(30	)

¹  Represents the fair value at the transfer date of positions where hedge accounting was terminated. See discussion above.

²  Purchases (sales) represent the cash premiums paid upon the purchase of euro put options or received upon the sale of euro call options. Bunker fuel and currency forward contracts require no up-front cash payment and have an initial fair value of zero; settlements on the forward contracts (swaps) occur upon their maturity.

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Deferred net gains (losses) in "Accumulated other comprehensive income (loss)" at September 30, 2014 are expected to be reclassified into income as follows (in thousands):

Expected Period of Recognition	Currency Hedge Portfolio		Bunker Fuel Forward Contracts			Total
2014	$	6,609	$	(1,294	)	$	5,315
2015	14,470		(1,882		)	12,588
	$	21,079	$	(3,176	)	$	17,903

The following tables summarize the effect of our derivatives designated as cash flow hedging instruments on OCI and earnings:

	Quarter ended September 30, 2014								Quarter ended September 30, 2013
(In thousands)	Currency Hedge Portfolio		Bunker Fuel Forward Contracts			Total			Currency Hedge Portfolio			Bunker Fuel Forward Contracts			Total
Gain (loss) recognized in OCI on derivative (effective portion)	$	23,983	$	(4,911	)	$	19,072		$	(10,201	)	$	4,018		$	(6,183	)
Gain (loss) reclassified from accumulated OCI into income (effective portion)1	1,543		(822		)	721			(6,114		)	1,908			(4,206		)
Loss recognized in income on derivative (ineffective portion)1	—		(230		)	(230		)	—			(130		)	(130		)

	Nine months ended September 30, 2014									Nine months ended September 30, 2013
(In thousands)	Currency Hedge Portfolio			Bunker Fuel Forward Contracts			Total			Currency Hedge Portfolio			Bunker Fuel Forward Contracts			Total
Gain (loss) recognized in OCI on derivative (effective portion)	$	26,757		$	(4,290	)	$	22,467		$	(8,518	)	$	210		$	(8,308	)
Gain (loss) reclassified from accumulated OCI into income (effective portion)1	(504		)	(586		)	(1,090		)	(21,328		)	6,898			(14,430		)
Loss recognized in income on derivative (ineffective portion)1	—			(657		)	(657		)	—			(2,107		)	(2,107		)

¹  Both the gain (loss) reclassified from accumulated OCI into income (effective portion) and the gain (loss) recognized in income on derivative (ineffective portion, if any) are included in "Net sales" for the currency hedge portfolio and "Cost of sales" for bunker fuel forward contracts.

Note 8 – Fair Value Measurements

Fair value is the price to hypothetically sell an asset or transfer a liability in an orderly manner in the principal market for that asset or liability. Accounting standards prioritize the use of observable inputs in measuring fair value. The level of a fair value measurement is determined entirely by the lowest level input that is significant to the measurement. The three levels are (from highest to lowest):

Level 1 – observable prices in active markets for identical assets and liabilities;

Level 2 – observable inputs other than quoted market prices in active markets for identical assets and liabilities, which include quoted prices for similar assets or liabilities in an active market and market-corroborated inputs; and

Level 3 – unobservable inputs.

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The following table summarizes financial assets and liabilities carried at fair value, including derivative instruments on a gross basis, and the location of these instruments on the Condensed Consolidated Balance Sheets as of September 30, 2014, December 31, 2013 and September 30, 2013:

		Assets (Liabilities)			Fair Value Measurements Using
(In thousands)		at Fair Value			Level 1		Level 2			Level 3
September 30, 2014
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	22,593		$	—	$	22,593		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(750		)	—		(750		)	—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	(3,373		)	—		(3,373		)	—
30-day euro forward contracts	Gross amounts of recognized assets	502			—		502			—
Net amount recorded in other current assets		18,972			—		18,972			—
September 30, 2014		$	18,972		$	—	$	18,972		$	—
December 31, 2013
Derivatives recorded in "Investments & other assets, net":
Currency hedge portfolio	Gross amounts offset in the balance sheets	$	(220	)	—		$	(220	)	—
Bunker fuel forward contracts1	Gross amounts of recognized assets	953			—		953			—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	(100		)	—		(100		)	—
Net amount recorded in investments & other assets, net		633			—		633			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	1,250			—		1,250			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(5,947		)	—		(5,947		)	—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	778			—		778			—
Bunker fuel forward contracts1	Gross amounts of recognized liabilities	(643		)	—		(643		)	—
30-day euro forward contracts	Gross amounts offset in the balance sheets	245			—		245			—
Net amount recorded in accrued liabilities		(4,317		)	—		(4,317		)	—
Derivatives recorded in "Other liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	833			—		833			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(930		)	—		(930		)	—
Net amount recorded in other liabilities		(97		)	—		(97		)	—
December 31, 2013		$	(3,781	)	$	—	$	(3,781	)	$	—

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		Assets (Liabilities)			Fair Value Measurements Using
(In thousands)		at Fair Value			Level 1		Level 2			Level 3
September 30, 2013
Derivatives recorded in "Investments & other assets, net":
Currency hedge portfolio	Gross amounts of recognized assets	515			—		515			—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(465		)	—		(465		)	—
Bunker fuel forward contracts1	Gross amounts of recognized assets	196					196
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	(137		)			(137		)
Bunker fuel forward contracts2	Gross amounts of recognized assets	22			—		22			—
Bunker fuel forward contracts2	Gross amounts offset in the balance sheets	(70		)	—		(70		)	—
Net amount recorded in investments & other assets, net		61			—		61			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	1,163			—		1,163			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(10,913		)	—		(10,913		)	—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	1,212			—		1,212			—
Bunker fuel forward contracts1	Gross amounts of recognized liabilities	(611		)	—		(611		)	—
Bunker fuel forward contracts2	Gross amounts offset in the balance sheets	282			—		282			—
Bunker fuel forward contracts2	Gross amounts of recognized liabilities	(203		)	—		(203		)	—
30-day euro forward contracts	Gross amounts offset in the balance sheets	17			—		17			—
30-day euro forward contracts	Gross amounts of recognized liabilities	(108		)	—		(108		)	—
	Net amount recorded in accrued liabilities	(9,161		)	—		(9,161		)	—
Derivatives recorded in "Other liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	196			—		196			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(233		)	—		(233		)	—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	145					145
Bunker fuel forward contracts1	Gross amounts of recognized liabilities	(835		)			(835		)
Bunker fuel forward contracts2	Gross amounts offset in the balance sheets	12			—		12			—
Bunker fuel forward contracts2	Gross amounts of recognized liabilities	(236		)	—		(236		)	—
Net amount recorded in other liabilities		(951		)	—		(951		)	—
September 30, 2013		$	(10,051	)	$	—	$	(10,051	)	$	—

¹ Bunker fuel forward contracts designated as cash flow hedges.

² Bunker fuel forward contracts not designated as hedging instruments.

Except as described in Note 7, currency hedge portfolio and bunker fuel forward contracts are designated as hedging instruments. 30-day euro forward contracts are not designated as hedging instruments. To the extent derivatives in an asset position and derivatives in a liability position are with the same counterparty, they are netted in the Condensed Consolidated Balance Sheets because we enter into master netting arrangements with each of our hedging partners.

We value fuel hedging positions by applying an observable discount rate to the current forward prices of identical hedge positions. We value currency hedging positions by utilizing observable or market-corroborated inputs such as exchange rates, volatility and forward yield curves. We trade only with counterparties that meet certain liquidity and creditworthiness standards and do not anticipate non-performance by any of these counterparties. We do not require collateral from our counterparties, nor are we obligated to provide collateral when contracts are in a liability position. However, consideration of non-performance risk is required when valuing derivative instruments, and we include an adjustment for non-performance risk in the recognized measure of derivative instruments to reflect the full credit default spread ("CDS") applied to a net exposure for each counterparty. When there is a net asset position, we use the counterparty's CDS; when there is a net liability position, we use our own estimated CDS. CDS is generally not a significant input in measuring fair value and was not significant for any of our derivative instruments in any period presented. See further discussion and tabular disclosure of hedging activity in Note 7.

Financial instruments not carried at fair value consist of our debt. See further fair value discussion and tabular disclosure related to debt in Note 6.

Fair value measurements of benefit plan assets included in net benefit plan liabilities are based on quoted market prices in active markets (Level 1) or quoted prices in inactive markets (Level 2). The carrying amounts of cash and equivalents, accounts

16

receivable, other receivables including current and non-current finance receivables and accounts payable approximate fair value. Level 3 fair value measurements are used in certain non-recurring items, including the impairment reviews of goodwill and intangible assets, which take place annually during the fourth quarter, or as circumstances indicate the possibility of impairment. Level 3 fair value measurements are also used in measuring non-recurring items, including impairments related to long-lived assets whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable.

Note 9 – Pension and Severance Benefits

Net pension expense from our defined benefit and severance plans are primarily comprised of severance plans covering Central American employees and consists of the following:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands)	2014			2013			2014			2013
Service cost	$	1,855		$	1,864		$	5,565		$	5,592
Interest on projected benefit obligation	1,411			1,300			4,241			3,894
Expected return on plan assets	(334		)	(333		)	(1,005		)	(996		)
Recognized actuarial loss	265			310			797			922
Amortization of prior service cost	32			32			96			96
Defined benefit and severance plan expense	$	3,229		$	3,173		$	9,694		$	9,508

Note 10 – Reclassifications from Accumulated Other Comprehensive Income

Gains and losses deferred in "Accumulated other comprehensive income (loss)" ("AOCI") are reclassified and recognized in the Condensed Consolidated Statements of Operations when they are realized. The items in the table below do not have an income tax effect because they are either permanent differences in the income tax calculation or they relate to jurisdictions where we have established full valuation allowances against our deferred tax assets. Amounts of (income) expense reclassified from AOCI are as follows (in thousands):

AOCI Component	Line Items Affected by Reclassifications from AOCI in the Condensed Consolidated Statements of Operations	(Income) / expense reclassified from AOCI for the quarter ended September 30,						(Income) / expense reclassified from AOCI for the nine months ended September 30,
		2014			2013			2014		2013
Currency translation	Other income (expense), net	$	—		$	—		$	252	$	—
Available-for-sale investment	Other income (expense), net	—			—			—		(561		)
Currency hedge portfolio derivatives	Net sales	(1,543		)	6,114			504		21,328
Bunker fuel forward contracts	Cost of sales	822			(2,277		)	586		(7,267		)
Prior service cost and recognized actuarial loss amortization related to pensions*		297			342			893		1,018

* These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 9 for further details.

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The changes in the components of accumulated other comprehensive income, net of tax, for the quarter and nine months ended September 30, 2014 were as follows:

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Net unrecognized losses related to pension and severance plans (1)			Total
Balance at June 30, 2014	$	(202	)	$	(448	)	$	(19,969	)	$	(20,619	)
Other comprehensive income (loss) before reclassifications	1			19,072			—			19,073
Amounts reclassified from accumulated other comprehensive income	—			(721		)	297			(424		)
Net current-period other comprehensive income (loss)	1			18,351			297			18,649
Balance at September 30, 2014	$	(201	)	$	17,903		$	(19,672	)	$	(1,970	)

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Net unrecognized losses related to pension and severance plans (1)			Total
Balance at December 31, 2013	$	(469	)	$	(5,654	)	$	(19,660	)	$	(25,783	)
Other comprehensive income (loss) before reclassifications	16			22,467			(905		)	21,578
Amounts reclassified from accumulated other comprehensive income	252			1,090			893			2,235
Net current-period other comprehensive income (loss)	268			23,557			(12		)	23,813
Balance at September 30, 2014	$	(201	)	$	17,903		$	(19,672	)	$	(1,970	)

⁽¹⁾Net of deferred tax liability of $271, $271, and $530 as of September 30, 2014, June 30, 2014, and December 31, 2013, respectively.

The changes in the components of accumulated other comprehensive income, net of tax, for the quarter and nine months ended September 30, 2013 were as follows:

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Unrealized gains on available-for-sale investment		Net unrecognized losses related to pension and severance plans (1)			Total
Balance at June 30, 2013	$	252		$	(8,463	)	$	—	$	(24,977	)	$	(33,188	)
Other comprehensive income (loss) before reclassifications	(753		)	(6,183		)	—		(42		)	(6,978		)
Amounts reclassified from accumulated other comprehensive income	—			3,837			—		342			4,179
Net current-period other comprehensive income	(753		)	(2,346		)	—		300			(2,799		)
Balance at September 30, 2013	$	(501	)	$	(10,809	)	$	—	$	(24,677	)	$	(35,987	)

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(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Unrealized gains on available-for-sale investment			Net unrecognized losses related to pension and severance plans (1)			Total
Balance at December 31, 2012	$	(120	)	$	(16,562	)	$	404		$	(24,247	)	$	(40,525	)
Other comprehensive income (loss) before reclassifications	(381		)	(8,308		)	157			(1,448		)	(9,980		)
Amounts reclassified from accumulated other comprehensive income	—			14,061			(561		)	1,018			14,518
Net current-period other comprehensive income	(381		)	5,753			(404		)	(430		)	4,538
Balance at September 30, 2013	$	(501	)	$	(10,809	)	$	—		$	(24,677	)	$	(35,987	)

⁽¹⁾Net of deferred tax liability of $150, $153 and $283 as of September 30, 2013, June 30, 2013 and December 31, 2012, respectively.

Note 11 – Income Taxes

The effective tax rates were (3.0)% and (27.1)% for the quarters ended September 30, 2014 and 2013, respectively, and (73.7)% and 20.5% for the nine months ended September 30, 2014 and 2013, respectively. We record income taxes using an estimated annual effective tax rate for interim reporting. Under the annual effective tax rate method, jurisdictions with a projected loss where no tax benefit can be recognized are excluded from the calculation of the estimated annual effective tax rate.

The effective tax rates for the quarters and nine months ended September 30, 2014 and 2013 were impacted by the mix in earnings among domestic and foreign jurisdictions, losses in various jurisdictions and certain discrete items. Many of these foreign jurisdictions have tax rates that are lower than the U.S. statutory rate, and we continue to maintain full valuation allowances on net deferred tax assets in certain of these foreign jurisdictions. The effective tax rates for the quarters and nine months ended September 30, 2014 and 2013 were also impacted by our continuing to maintain a full valuation allowance on U.S. net deferred tax assets. The company recorded out of period adjustments in the second quarter of 2013 that resulted in $3 million of income tax benefit related to 2012 and 2011.

As previously disclosed, the tax authority in Ecuador is challenging the transfer pricing practices of major banana exporters and has assessed $23 million of income taxes, penalties and interest related to transfer pricing from 2008 through 2010 and $5 million of statutorily required profit sharing related to transfer pricing from 2010. Other tax years remain open and under audit and may result in additional assessments before the matter is resolved. We believe appropriate transfer pricing was used and that more likely than not, we will succeed upon appeal. Therefore, we do not have unrecognized tax benefits related to this matter included in our September 30, 2014, December 31, 2013 or September 30, 2013 balance sheets.

Note 12 – Advertising and Promotion Expense

Advertising and certain promotion expenses are included in "Selling, general and administrative" in the Condensed Consolidated Statements of Operations and were $5 million and $7 million for the quarters ended September 30, 2014 and 2013, respectively, and $19 million for each of the nine months ended September 30, 2014 and 2013.

Note 13 – Stock-Based Compensation

Stock-based compensation expense totaled $4 million and $2 million for the quarters ended September 30, 2014 and 2013 and $8 million and $7 million for the nine months ended September 30, 2014 and 2013 . Stock-based compensation expense relates primarily to our performance-based long-term incentive program ("LTIP"), stock options and restricted stock unit ("RSU") awards. LTIP awards cover three-year performance cycles and are measured partly on performance criteria (cumulative earnings per share and/or cumulative free cash flow generation) and partly on market criteria (total shareholder return relative to a peer group of companies). The fair value of LTIP awards containing performance criteria are based on our expectations of performance achievement and the closing stock price on the measurement date. The fair value of LTIP awards based on market criteria are measured using a Monte-Carlo simulation using publicly available data.

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Our LTIP awards are liability-classified awards, which do not affect "Capital surplus" until and if these awards are paid in shares. All other stock-based compensation is equity-classified, and therefore affects "Capital surplus." Changes in "Capital surplus" are primarily a result of stock compensation:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands)	2014			2013			2014			2013
Stock-based compensation	$	1,818		$	1,713		$	5,493		$	5,541
Shares withheld for taxes	(683		)	(1,508		)	(940		)	(1,840		)
Capital surplus increase	$	1,135		$	205		$	4,553		$	3,701

Note 14 – Segment Information

We report three business segments:

• Bananas: Includes the sourcing (purchase and production), transportation, marketing and distribution of bananas.

• Salads and Healthy Snacks: Includes ready-to-eat, packaged salads, referred to in the industry as "value-added salads" and other value-added products, such as healthy snacking items, fresh vegetable and fruit ingredients used in food service; and processed fruit ingredients.

• Other Produce: Includes the sourcing, marketing and distribution of whole fresh produce other than bananas. The primary product of the Other Produce segment is pineapples.

Certain corporate expenses are not allocated to the reportable segments and are included in "Corporate costs". Inter-segment transactions are eliminated.

Financial information for each segment follows:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands)	2014			2013			2014			2013
Net sales:
Bananas	$	477,472		$	455,981		$	1,516,343		$	1,481,625
Salads and Healthy Snacks1	234,235			239,102			713,163			739,392
Other Produce	26,844			27,979			96,882			88,468
	$	738,551		$	723,062		$	2,326,388		$	2,309,485
Operating income (loss):
Bananas2	$	18,138		$	18,039		$	82,159		$	101,438
Salads and Healthy Snacks3	6,236			(5,155		)	9,978			4,595
Other Produce4	(4,788		)	2,325			(4,663		)	1,904
Corporate costs5	(21,024		)	(14,056		)	(51,591		)	(41,070		)
	$	(1,438	)	$	1,153		$	35,883		$	66,867

¹  In the second quarter of 2013, we sold one of our European healthy snacking businesses which represented approximately $12 million in annual net sales and had an insignificant effect on operating income. In the first quarter of 2014, we disposed of another non-core healthy snacking business in Europe which represented approximately $2 million in annual net sales. Both disposals had insignificant effects on operating income (loss).

²  Includes $5 million of cost related to the changeover of vessels at the end of the respective leases and a $1 million gain on the sale of a ripening facility in Europe in the nine months ended September 30, 2014.

³  Includes $2 million and $5 million of cost in the quarter and nine months ended September 30, 2014 related to severance, product resizing, product discontinuation, equipment write-downs and a legal settlement. Includes $1 million of "Cost of sales" in 2013 for severance costs related to a fruit ingredient business.

⁴  Includes $3 million in the third quarter of 2014 related to a claim settlement with a former supplier of other produce products that were discontinued in previous periods.

⁵  Includes $4 million and $13 million of costs for the quarter and nine months ended September 30, 2014, respectively, for the proposed combination with Fyffes. Includes $4 million of costs in the third quarter of 2014 for the due diligence related to the unsolicited offer from the Cutrale Group and the Safra Group.

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Note 15 – Commitments and Contingencies

We had an accrual of $4 million, related to contingencies and legal proceedings in Europe at each of September 30, 2014, December 31, 2013, and September 30, 2013. While other contingent liabilities described below may be material to the financial statements, we have determined that losses in these matters are not probable and have not accrued any other amounts. Regardless of their outcomes, we have paid, and will likely continue to incur, significant legal and other fees to defend ourselves in these proceedings, which may significantly affect our financial statements.

COLOMBIA-RELATED MATTERS

Tort Lawsuits. Between June 2007 and March 2011, nine civil tort lawsuits were filed against us by Colombian nationals in U.S. federal courts. These lawsuits assert claims under various state and federal laws, including the Alien Tort Statute (the "ATS lawsuits"). The over 6,000 plaintiffs in the ATS lawsuits claim to be persons injured, or family members or legal heirs of individuals allegedly killed or injured, by armed groups that received payments from the company's former Colombian subsidiary. We had voluntarily disclosed these payments to the U.S. Department of Justice as having been made by the subsidiary to protect its employees from risks to their safety if the payments were not made. This self-disclosure led to our 2007 plea to one count of Engaging in Transactions with a Specially-Designated Global Terrorist Group without having first obtained a license from the U.S. Department of Treasury's Office of Foreign Assets Control. The plaintiffs claim that, as a result of such payments, we should be held legally responsible for the alleged injuries. Eight of the ATS lawsuits seek unspecified compensatory and punitive damages, as well as attorneys' fees and costs, with one seeking treble damages and disgorgement of profits without explanation. The other ATS lawsuit contains a specific demand of $10 million in compensatory damages and $10 million in punitive damages for each of the several hundred alleged victims in that suit. We also have received requests to participate in mediation in Colombia concerning similar claims, which could be followed by litigation in Colombia. All of the ATS lawsuits have been centralized in the U.S. District Court for the Southern District of Florida for consolidated or coordinated pretrial proceedings ("MDL Proceeding"). We believe the plaintiffs' claims are without merit and are defending ourselves vigorously.

Between June 2011 and March 2012, the court dismissed certain of the plaintiffs' claims, but allowed the plaintiffs to move forward with some ATS claims and claims asserted under Colombian law. We believe we have strong defenses to the remaining claims. In March 2012, the court granted our motion for interlocutory appeal of legal questions raised by the court's refusal to dismiss certain ATS claims, and, in September 2012, the United States Court of Appeals for the Eleventh Circuit granted permission to pursue the interlocutory appeal. In July 2014, the Eleventh Circuit reversed the district court's denial of the company's motion to dismiss and remanded the case for entry of an order dismissing the ATS claims.

In addition to the ATS lawsuits, between March 2008 and March 2011, four tort lawsuits were filed against us by American citizens who allege that they were kidnapped and held hostage by an armed group in Colombia, or that they are the survivors or the estate of a survivor of American nationals kidnapped and/or killed by the same group in Colombia. The plaintiffs in these cases make claims under the Antiterrorism Act and state tort laws (the "ATA lawsuits") and contend that we are liable because our former Colombian subsidiary allegedly provided material support to the armed group. The ATA lawsuits, which also have been centralized in the MDL Proceeding, seek unspecified compensatory damages, treble damages, attorneys' fees and costs and punitive damages. We believe the plaintiffs' claims are without merit and are defending ourselves vigorously.

In February 2010, our motion to dismiss one of the ATA lawsuits was granted in part and denied in part and in March 2012, our motions to dismiss the other ATA lawsuits were denied. In November 2012, one of the ATA lawsuits was dismissed after the parties reached a confidential settlement agreement. In July 2013, we filed a motion for reconsideration of the court's order denying our motions to dismiss the ATA lawsuits and that motion is pending. We believe we have strong defenses to the remaining claims in the ATA lawsuits.

Insurance Recovery. We have provided notice of the ATS and ATA lawsuits to the insurers that issued primary and excess general liability insurance policies during the relevant years. The insurers have either reserved the right to deny coverage or denied coverage for these lawsuits. In 2008, we commenced litigation in state court in Ohio against three of our primary insurers seeking coverage for defense costs incurred in connection with the ATA and ATS lawsuits; a fourth primary insurer was later joined to that lawsuit. We entered into settlement agreements under which three of our primary insurers agreed to pay, in total, approximately 40 percent of our defense costs in the ATA and ATS lawsuits. In late 2012, one of these settling insurers paid the full amount of a settlement in an ATA lawsuit. In June 2013, we received notice that the two other settling insurers, which had been paying approximately 1 percent of our defense costs, had been placed in liquidation. The fourth primary insurer, National Union, did not settle. In March 2013, the Ohio Court of Appeals held that National Union is not obligated to provide coverage for defense costs in the ATS and ATA lawsuits. The Ohio Supreme Court declined to accept the case for review.

As of September 30, 2014, National Union had paid us $12 million as reimbursement for defense costs. This sum, and an additional $1 million of interest, is being deferred in "Accrued Liabilities" on the Condensed Consolidated Balance Sheet because National Union asserts that it is entitled to obtain reimbursement of this amount from us based on the outcome of its

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appeal in the coverage case. In June 2014, after remand from the Ohio Court of Appeals, the trial court ruled that National Union is entitled to reimbursement of the defense costs that it has already paid. The company has appealed that ruling and secured a stay of the judgment ordering us to reimburse National Union pending the appeal.

    In August 2013, one of the settling primary insurers, Federal, filed a lawsuit in state court in Ohio seeking a declaratory judgment that, based on the Ohio Court of Appeals’ March 2013 decision regarding National Union’s defense obligations, Federal has no obligation to provide coverage for any settlements or judgments that may be incurred by us in the ATS and ATA lawsuits. In February 2014, a group of insurers that are affiliated with Travelers and that issued umbrella and excess policies to us filed a lawsuit in state court in Ohio seeking a declaratory judgment that they have no obligation to provide coverage for defense costs or settlements or judgments that may be incurred by us in the ATS and ATA lawsuits. In May 2014, the trial court ruled that Federal's lawsuit is premature and granted the company's motion to stay until the underlying tort lawsuits are resolved. Federal has not appealed that ruling. In June 2014, we filed a motion to dismiss or stay the Travelers' insurers complaint, and in August the parties filed a joint motion for a stay of proceedings. We believe that Travelers' lawsuit is also premature and will defend ourselves vigorously.

Neither the Ohio Court of Appeals' ruling nor Federal's lawsuit impacts Federal's obligation to reimburse 40 percent of defense costs pursuant to the terms of its settlement agreement with Chiquita. There can be no assurance that the insurers will provide any additional coverage for these claims.

Colombia Investigation. The Colombian Attorney General's Office has been conducting an investigation into payments made by companies in the banana industry to paramilitary groups in Colombia. Included within the scope of the investigation are the payments that were the subject of the 2007 plea in the United States. In March 2012, the prosecutor in charge of the investigation issued a decision which concluded that our former Colombian subsidiary had made payments in response to extortion demands and that the payments were not illegal under Colombian law. Based on these findings, the prosecutor closed the investigation. As provided for under Colombian law, the prosecutor's decision was reviewed by senior officials in the Colombian Attorney General's office pursuant to a legal standard specifying that any evidence in the record suggesting that a crime may have occurred is sufficient to justify the reopening of the investigation. Applying this standard, in December 2012, the Colombian Attorney General's Office determined that the investigation should continue and not be closed. The Attorney General's office did not make any finding that persons connected with our former Colombian subsidiary committed wrongdoing of any kind, only that the matter warrants further investigation. We believe that we have at all times complied with Colombian law.

ITALIAN CUSTOMS AND TAX CASES

1998-2000 Cases. In October 2004, our Italian subsidiary, Chiquita Italia, received the first of several notices from various customs authorities in Italy stating that it is potentially liable for additional duties and taxes on the import of bananas by Socoba S.r.l. ("Socoba") from 1998 to 2000 for sale to Chiquita Italia. The customs authorities claim that (i) the amounts are due because these bananas were imported with licenses (purportedly issued by Spain) that were subsequently determined to have been forged and (ii) Chiquita Italia should be jointly liable with Socoba because (a) Socoba was controlled by a former general manager of Chiquita Italia and (b) the import transactions benefited Chiquita Italia, which arranged for Socoba to purchase the bananas from another subsidiary of ours and, after customs clearance, sell them to Chiquita Italia. Chiquita Italia is contesting these claims, principally on the basis of its good faith belief at the time the import licenses were obtained and used that they were valid.

Separate civil customs proceedings were ultimately brought against Chiquita Italia in four Italian jurisdictions, Genoa, Trento, Aosta and Alessandria. In Genoa the Court of Cassation, the highest level of appeal in Italy, issued a decision in favor of Chiquita Italia in September 2013. In Trento the Court of Cassation issued a decision during the fourth quarter of 2013 in favor of Chiquita Italia as to approximately €5.5 million of the €6.6 million total claim including interest, with the remaining amount ruled payable by Chiquita Italia from the deposits already made in these matters. In April 2014, the Italian customs authority filed a request for revocation of this Court of Cassation decision, a request which we do not believe is permitted under Italian law. In Alessandria, Chiquita Italia lost at the trial level, appealed and a favorable decision was published in April 2014. The authorities have the right to appeal this decision. In Aosta, Chiquita Italia lost at the trial level, appealed and the decision is pending. Socoba brought a claim in Rome trial court (and Chiquita Italia intervened voluntarily) on the issue of whether the forged Spanish licenses used by Socoba should be regarded as genuine in view of the apparent inability to distinguish between genuine and forged licenses. In an October 2010 decision, the Rome trial court rejected Socoba's claim that the licenses should be considered genuine on the basis that Socoba had not sufficiently demonstrated how similar the forged licenses were to genuine Spanish licenses. Socoba has appealed this decision. In an unrelated case addressing similar forged Spanish licenses used in Belgium, the EU Commission advised the customs authorities the same types of licenses challenged in Italy appeared valid on their face and should be treated as genuine.

Under Italian law, the amounts claimed in the Trento, Alessandria, Aosta and Genoa cases became due and payable notwithstanding the pending appeals. Deposits made in these cases are deferred in "Investments and other assets, net" on the

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Condensed Consolidated Balance Sheets pending resolution of the appeals process. A summary of claims and deposits paid as of September 30, 2014 is as follows:

	Claim (In millions)	Interest and Penalties Claimed (In millions)	Total Claim (In millions)	Deposits Paid Pending Appeal (In millions)
Trento	€3.3	€3.3	€6.6	€6.6	Following the decisions in Trento, Chiquita Italia is entitled to claim reimbursement of approximately €5.5 million of the deposited amounts plus interest (or to apply to deposit requirements in other matters).
Alessandria	€0.3	€0.2	€0.5	€0.5	Deposits paid in 36 equal installments ended March 2012.
Aosta	€1.2	€1.2	€2.4	€2.3	Monthly deposit payments of €34 thousand began in November 2012. In December 2013 €589 thousand was applied from the Tax assessment of 2004 payments.
Genoa (Resolved favorably)	€7.4	€1.0	€8.4	€0.0	Following the decision in Genoa in favor of Chiquita Italia, Chiquita Italia was entitled to claim reimbursement of deposited amounts plus interest. The deposited amounts (€1.6 million) have been used to offset deposit requirements in the Customs Tax Assessment for 2004/2005.

2004-2005 Cases. In 2008, Chiquita Italia was required to provide documents and information to the Italian fiscal police in connection with a criminal investigation into imports of bananas by Chiquita Italia during 2004 and 2005, and the payment of customs duties on these imports. The focus of the investigation was an importation process whereby we sold some of our bananas to holders of import licenses who imported the bananas and resold them to Chiquita Italia (indirect import challenge), a practice we believe was legitimate under both Italian and EU law and which was widely accepted by authorities across the EU and by the EC. In June 2012, the Italian courts acquitted Chiquita Italia parties of all charges relating to 2004, and in December 2013 relating to 2005. There are no further criminal charges pending.

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Tax authorities issued assessment notices for 2004 and 2005, which we appealed to the first level Rome tax court. In June 2011, the court rejected our appeal for the 2004 assessment. Chiquita Italia again appealed this decision and, in October 2012, the appeals court ruled in favor of Chiquita Italia with respect to 2004. A significant portion of the 2005 income tax assessment has been withdrawn by the tax authorities and an appeal for the remaining portion is pending. Separately, customs authorities have also issued assessments for these cases. Chiquita Italia's appeals of these customs assessments were rejected by the first level Rome tax court and the regional court. Chiquita Italia has appealed the decisions to the Court of Cassation, the highest level of appeal in Italy. In each case, Chiquita Italia has received payment notifications from the tax and customs authorities, but the 2004 tax assessment has been annulled based on the October 2012 appeals court ruling and the company is claiming reimbursement of payments made. Deposits made under these cases are deferred in "Investments and other assets, net" on the Condensed Consolidated Balance Sheets pending resolution of the appeals process. If Chiquita Italia ultimately prevails in its appeals, all amounts deposited will be reimbursed with interest. A summary of assessments and deposits paid is as follows:

	Assessment (In millions)	Interest and Penalties Assessed (In millions)	Total Assessment (In millions)	Deposits Paid Pending Appeal (In millions)
Income Tax Assessment for 2004/2005	€12.0	€19.1	€31.1	€0.9	Monthly deposit payments of €113 thousand began in March 2012. The appeals court ruled in favor of Chiquita Italia in October 2012 for the 2004 assessments and a significant portion of the 2005 assessments have been withdrawn. The company has requested relief from these payments and reimbursement.
Customs Tax Assessment for 2004/2005	€19.4	€10.2	€29.6	€16.7	Monthly deposit payments of €350 thousand began in September 2011 and will continue through September 2017, unless a successful appeals process is completed sooner. In June 2014 we received an additional assessment for a total value of €1.2M, for which a full deposit was made.

The fiscal police investigation also challenged the involvement of an entity of ours incorporated in Bermuda in the sale of bananas directly to Chiquita Italia (direct import challenge), as a result of which the tax authorities claimed additional taxes of €13 million ($17 million) for 2004 and €19 million ($24 million) for 2005, plus interest and penalties. In order to avoid a long and costly tax dispute, in April 2011, Chiquita Italia reached an agreement in principle with the Italian tax authorities to settle the dispute and recorded expense for the settlements at that time. Under the settlement, the tax authorities agreed that the Bermuda corporation's involvement in the importation of bananas was appropriate and Chiquita Italia agreed to an adjustment to the intercompany price paid by Chiquita Italia for the imported bananas it purchased from this company, resulting in a higher income tax liability for those years. Chiquita Italia paid a settlement of €3 million ($4 million) of additional income tax for 2004 and 2005, including interest and penalties, which was significantly below the amounts originally claimed. The portion of the settlement for 2005 is still subject to approval by the Rome tax court which is expected in due course. As part of the settlement, Chiquita Italia also agreed to an adjustment to its intercompany purchases of bananas for years 2006 through 2009, resulting in payments in June and July 2011 of €2 million ($3 million) of additional tax and interest to fully settle those years. The indirect import challenge described above is not part of the settlement.

Chiquita Italia continues to believe that it acted properly and that all the transactions for which it has received assessment notices were legitimate and reported appropriately, and, aside from those issues already settled, continues to vigorously defend the transactions at issue.

CONSUMPTION TAX REFUNDS

We have and have had several open cases seeking the refund of certain consumption taxes paid between 1980 and 1990 in various Italian jurisdictions. As gain contingencies, these refunds and any related interest are recognized when realized and all gain contingencies have been removed. In January 2012, we received €20 million ($26 million) related to a favorable decision from a court in Salerno, Italy. The claim is not considered resolved or realized, as the decision has been appealed to a higher court. Consequently, the receipt of cash has been deferred in "Other liabilities" on the Condensed Consolidated Balance Sheets. Decisions

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in one jurisdiction have no binding effect on pending claims in other jurisdictions and all unresolved claims may take years to resolve. If we were to lose on appeal, we may be required to repay the consumption tax refunds received with interest.

Note 16 – New Accounting Standards

New accounting standards that could significantly affect our Condensed Consolidated Financial Statements are summarized as follows:

Standard Name	Issued	Description	Effective Date for Chiquita	Effect on Chiquita's Condensed Consolidated Financial Statements
Revenue from Contracts with Customers	May 2014 ASU 2014-09	Requires additional considerations for timing and amount of revenue recognition for contract sales with customers.	Retrospective, beginning December 2016. Early adoption is not permitted.	The guidance permits the use of either a retrospective or cumulative effect transition method. We have not yet selected a transition method and will evaluate the effect of the standard on our sales contracts with customers, evaluate methods of adoption and monitor other future potential effects.
Presentation of Financial Statements and Property, Plant, and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity	April 2014 ASU 2014-08	Requires additional disclosures about changing the criteria for reporting discontinued operations if the disposal represents a strategic shift that has or will have a major effect on an entity's operations	Prospectively, beginning January 1, 2015; early adoption permitted.	We have opted for early adoption, which did not have a significant impact on our financial results. We will continue to monitor the potential impact of this early adoption on future filings.
Income Taxes: Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists	July 2013 ASU 2013-11	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.	Adoption did not have a significant effect on the disclosure of our deferred taxes.

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Note 17 — Supplemental Consolidating Financial Information

In connection with the 7.875% Notes, certain of our domestic subsidiaries (the "Guarantor Subsidiaries"), fully, unconditionally, jointly, and severally guaranteed the payment obligations under the notes. The Guarantor Subsidiaries are 100% owned direct and indirect subsidiaries of Chiquita Brands L.L.C. ("CBLLC" or the "Co-Issuer"), who is 100% owned by CBII ("CBII" or the "Parent Company"). The following supplemental financial information sets forth, on a consolidating basis, the balance sheets, statements of operations, statements of comprehensive income and statements of cash flows for CBII, for CBLLC, for the Guarantor Subsidiaries and for our other subsidiaries (the "Non-Guarantor Subsidiaries").

The supplemental condensed consolidating financial information has been prepared pursuant to the rules and regulations for condensed financial information and does not include disclosures included in annual financial statements. Investments in consolidated subsidiaries have been presented under the equity method of accounting. The principal eliminating entries eliminate investments in subsidiaries, intercompany balances and intercompany revenues and expenses. The condensed financial information may not necessarily be indicative of the results of operations or financial position had the guarantor or non-guarantor subsidiaries operated as independent entities.

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Operations (Unaudited)
Quarter Ended September 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	217,299		$	299,667		$	463,861		$	(242,276	)	$	738,551
Cost of sales	—			205,854			265,903			434,059			(242,280		)	663,536
Selling, general and administrative	9,788			4,193			20,378			19,299			—			53,658
Transaction costs	8,235			—			—			—			—			8,235
Depreciation	—			1,219			6,212			4,892			—			12,323
Amortization	—			—			2,335			7			—			2,342
Equity in losses (earnings) of investees and subsidiaries	(6,134		)	(9,576		)	289			(105		)	15,421			(105		)
Operating income (loss)	(11,889		)	15,609			4,550			5,709			(15,417		)	(1,438		)
Interest income	—			—			(1		)	601			—			600
Interest expense	(5,549		)	(9,162		)	(724		)	(129		)	—			(15,564		)
Other income (expense), net	—			(313		)	602			(1,321		)	(4		)	(1,036		)
Income (loss) before income taxes	(17,438		)	6,134			4,427			4,860			(15,421		)	(17,438		)
Income tax expense	(518		)	792			(1,752		)	(634		)	1,594			(518		)
Net income (loss)	$	(17,956	)	$	6,926		$	2,675		$	4,226		$	(13,827	)	$	(17,956	)

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Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Quarter September 30, 2014
(in thousands)
	CBII			CBLLC		Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(17,956	)	$	6,926	$	2,675	$	4,226		$	(13,827	)	$	(17,956	)
Unrealized foreign currency translation gains	—			—		—		1			—			1
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—		—		—			—			—
Net other comprehensive income (loss) related to foreign currency translation	—			—		—		1			—			1
Unrealized gains (losses) on derivatives for the period	—			—		—		19,072			—			19,072
Derivative (gains) losses reclassified into Net sales	—			—		—		(1,543		)	—			(1,543		)
Derivative gains reclassified into Cost of sales	—			—		—		822			—			822
Net other comprehensive income (loss) related to derivatives	—			—		—		18,351			—			18,351
Actuarial gains (losses) for the period, net of tax	—			1		—		(1		)	—			—
Amortization included in pension cost	—			102		—		195			—			297
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			103		—		194			—			297
Other comprehensive income (loss) of investments in subsidiaries	18,649			18,546		—		—			(37,195		)	—
Comprehensive income (loss)	$	693		$	25,575	$	2,675	$	22,772		$	(51,022	)	$	693

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Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Quarter Ended September 30, 2013
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	200,307		$	302,625		$	447,080		$	(226,950	)	$	723,062
Cost of sales	—			190,790			271,950			409,395			(226,965		)	645,170
Selling, general and administrative	12,446			1,955			23,775			22,790			—			60,966
Depreciation	—			1,140			6,741			5,554			—			13,435
Amortization	—			—			2,336			6			—			2,342
Equity in losses (earnings) of investees and subsidiaries	(3,448		)	(6,878		)	(16		)	—			10,342			—
Restructuring and relocation costs	(15		)	111			(100		)	—			—			(4		)
Operating income (loss)	(8,983		)	13,189			(2,061		)	9,335			(10,327		)	1,153
Interest income	—			1			26			663			—			690
Interest expense	(5,031		)	(9,743		)	(576		)	(6		)	—			(15,356		)
Other income (expense), net	—			1			85			(572		)	(15		)	(501		)
Income (loss) before income taxes	(14,014		)	3,448			(2,526		)	9,420			(10,342		)	(14,014		)
Income tax expense	(3,800		)	(3,249		)	1,289			(391		)	2,351			(3,800		)
Net income (loss)	$	(17,814	)	$	199		$	(1,237	)	$	9,029		$	(7,991	)	$	(17,814	)

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Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Quarter Ended September 30, 2013
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(17,814	)	$	199		$	(1,237	)	$	9,029		$	(7,991	)	$	(17,814	)
Unrealized foreign currency translation gains	—			—			—			(753		)	—			(753		)
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—			—			—			—			—
Net other comprehensive income (loss) related to foreign currency translation	—			—			—			(753		)	—			(753		)
Unrealized gains (losses) on derivatives for the period	—			—			—			(6,183		)	—			(6,183		)
Derivative (gains) losses reclassified into Net sales	—			—			—			6,114			—			6,114
Derivative gains reclassified into Cost of sales	—			—			—			(2,277		)	—			(2,277		)
Net other comprehensive income (loss) related to derivatives	—			—			—			(2,346		)	—			(2,346		)
Actuarial gains (losses) for the period, net of tax	—			—			—			(42		)	—			(42		)
Amortization included in pension cost	—			124			—			218			—			342
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			124			—			176			—			300
Other comprehensive income (loss) of investments in subsidiaries	(2,799		)	(2,923		)	—			—			5,722			—
Comprehensive income (loss)	$	(20,613	)	$	(2,600	)	$	(1,237	)	$	6,106		$	(2,269	)	$	(20,613	)

29

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Operations (Unaudited)
Nine Months Ended September 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	651,515		$	911,465		$	1,504,218		$	(740,810	)	$	2,326,388
Cost of sales	—			625,157			805,599			1,374,743			(740,404		)	2,065,095
Selling, general and administrative	24,816			12,704			64,194			60,830			—			162,544
Transaction costs	16,907			—			—			—			—			16,907
Depreciation	—			3,589			19,230			16,092			—			38,911
Amortization	—			—			7,006			19			—			7,025
Equity in losses (earnings) of investees and subsidiaries	(43,502		)	(61,741		)	4,540			(437		)	100,703			(437		)
Restructuring and relocation costs	460			—			—			—			—			460
Operating income (loss)	1,319			71,806			10,896			52,971			(101,109		)	35,883
Interest income	—			2			33			1,870			—			1,905
Interest expense	(16,136		)	(27,568		)	(2,291		)	(336		)	—			(46,331		)
Loss on debt extinguishment	—			(521		)	—			—			—			(521		)
Other income (expense), net	581			(217		)	235			(6,177		)	406			(5,172		)
Income (loss) before income taxes	(14,236		)	43,502			8,873			48,328			(100,703		)	(14,236		)
Income tax expense	(10,487		)	(5,620		)	(3,512		)	(4,039		)	13,171			(10,487		)
Net income (loss)	$	(24,723	)	$	37,882		$	5,361		$	44,289		$	(87,532	)	$	(24,723	)

30

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Nine Months Ended September 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(24,723	)	$	37,882		$	5,361	$	44,289		$	(87,532	)	$	(24,723	)
Unrealized foreign currency translation gains	—			—			—		16			—			16
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—			—		252			—			252
Net other comprehensive income (loss) related to foreign currency translation	—			—			—		268			—			268
Unrealized gains (losses) on derivatives for the period	—			—			—		22,467			—			22,467
Derivative (gains) losses reclassified into Net sales	—			—			—		504			—			504
Derivative gains reclassified into Cost of sales	—			—			—		586			—			586
Net other comprehensive income (loss) related to derivatives	—			—			—		23,557			—			23,557
Actuarial gains (losses) for the period, net of tax	—			(564		)	—		(341		)	—			(905		)
Amortization included in pension cost	—			308			—		585			—			893
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			(256		)	—		244			—			(12		)
Other comprehensive income (loss) of investments in subsidiaries	23,813			24,069			—		—			(47,882		)	—
Comprehensive income (loss)	$	(910	)	$	61,695		$	5,361	$	68,358		$	(135,414	)	$	(910	)

31

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Operations (Unaudited)
Nine Months Ended September 30, 2013
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	587,278		$	939,662		$	1,470,619		$	(688,074	)	$	2,309,485
Cost of sales	—			557,444			835,099			1,313,194			(688,070		)	2,017,667
Selling, general and administrative	31,851			10,696			67,203			67,477			—			177,227
Depreciation	—			3,599			20,397			16,521			—			40,517
Amortization	—			—			7,007			18			—			7,025
Equity in losses (earnings) of investees and subsidiaries	(67,760		)	(85,792		)	(43		)	(72		)	153,595			(72		)
Restructuring and relocation costs	(15		)	264			8			(3		)	—			254
Operating income (loss)	35,924			101,067			9,991			73,484			(153,599		)	66,867
Interest income	—			12			128			2,057			—			2,197
Interest expense	(16,405		)	(27,563		)	(701		)	(29		)	—			(44,698		)
Loss on debt extinguishment	(843		)	(5,432		)	—			—			—			(6,275		)
Other income (expense), net	1,037			(324		)	250			655			4			1,622
Income (loss) before income taxes	19,713			67,760			9,668			76,167			(153,595		)	19,713
Income tax expense	(4,050		)	(2,643		)	(3,547		)	267			5,923			(4,050		)
Net income (loss)	$	15,663		$	65,117		$	6,121		$	76,434		$	(147,672	)	$	15,663

32

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Nine Months Ended September 30, 2013
(in thousands)
	CBII			CBLLC		Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	15,663		$	65,117	$	6,121	$	76,434		$	(147,672	)	$	15,663
Unrealized foreign currency translation gains	—			—		—		(381		)	—			(381		)
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—		—		—			—			—
Net other comprehensive income (loss) related to foreign currency translation	—			—		—		(381		)	—			(381		)
Change in fair value of available-for-sale investment	157			—		—		—			—			157
Realized gains of available-for-sale investment reclassified into Other income (expense), net	(561		)	—		—		—			—			(561		)
Net other comprehensive income (loss) related to available-for-sale investment	(404		)	—		—		—			—			(404		)
Unrealized gains (losses) on derivatives for the period	—			—		—		(8,308		)	—			(8,308		)
Derivative (gains) losses reclassified into Net sales	—			—		—		21,328			—			21,328
Derivative gains reclassified into Cost of sales	—			—		—		(7,267		)	—			(7,267		)
Net other comprehensive income (loss) related to derivatives	—			—		—		5,753			—			5,753
Actuarial gains (losses) for the period, net of tax	—			841		—		(2,289		)	—			(1,448		)
Amortization included in pension cost	—			372		—		646			—			1,018
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			1,213		—		(1,643		)	—			(430		)
Other comprehensive income (loss) of investments in subsidiaries	4,942			3,729		—		—			(8,671		)	—
Comprehensive income (loss)	$	20,201		$	70,059	$	6,121	$	80,163		$	(156,343	)	$	20,201

33

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
September 30, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	10,682	$	—	$	34,410	$	—		$	45,092
Trade receivables, less allowances	—		54,729		54,525		139,363		—			248,617
Other receivables, net	—		2,066		5,412		61,267		(577		)	68,168
Inventories	—		10,702		30,246		167,983		—			208,931
Prepaid expenses	438		5,095		8,144		28,716		—			42,393
Due from affiliates	58,317		2,244,947		1,481,248		577,543		(4,362,055		)	—
Other current assets	—		21,672		12,520		—		(8,800		)	25,392
Total current assets	58,755		2,349,893		1,592,095		1,009,282		(4,371,432		)	638,593
Property, plant and equipment, net	—		16,808		195,940		187,612		—			400,360
Investments and other assets, net	21,795		11,769		4,196		75,116		(6,437		)	106,439
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		79,846		41		—			79,887
Investments in and accounts with subsidiaries	1,465,047		1,155,566		1,246		—		(2,621,859		)	—
Total assets	$	1,545,597	$	3,742,121	$	1,929,918	$	1,451,551	$	(6,999,728	)	$	1,669,459
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,662	$	1,486	$	—		$	4,648
Accounts payable	8,533		5,558		92,875		141,764		—			248,730
Accrued liabilities	30,386		14,319		66,468		53,844		(9,377		)	155,640
Due to affiliates	936,986		1,761,741		1,286,745		376,583		(4,362,055		)	—
Total current liabilities	975,905		1,783,118		1,447,750		573,677		(4,371,432		)	409,018
Long-term debt and capital lease obligations, net of current portion	173,194		416,153		40,373		5,162		—			634,882
Accrued pension and other employee benefits	14,665		2,760		4		63,965		—			81,394
Deferred tax liabilities	244		66,987		46,524		—		(6,437		)	107,318
Other liabilities	3,506		8,056		9,619		37,583		—			58,764
Total liabilities	1,167,514		2,277,074		1,544,270		680,387		(4,377,869		)	1,291,376
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	378,083		1,465,047		385,648		771,164		(2,621,859		)	378,083
Total liabilities and shareholders' equity	$	1,545,597	$	3,742,121	$	1,929,918	$	1,451,551	$	(6,999,728	)	$	1,669,459

34

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet
December 31, 2013
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	15,851	$	—	$	38,166	$	—		$	54,017
Trade receivables, less allowances	—		49,325		51,189		151,554		—			252,068
Other receivables, net	1,061		402		5,140		49,670		—			56,273
Inventories	—		15,567		34,831		160,166		—			210,564
Prepaid expenses	1,024		3,661		11,040		34,008		—			49,733
Due from affiliates1	71,604		2,060,284		1,270,479		490,208		(3,892,575		)	—
Other current assets	—		2,751		12,753		—		(8,964		)	6,540
Total current assets	73,689		2,147,841		1,385,432		923,772		(3,901,539		)	629,195
Property, plant and equipment, net	—		20,258		201,346		169,169		—			390,773
Investments and other assets, net1	20,999		13,994		3,644		75,218		(5,778		)	108,077
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		86,853		60		—			86,913
Investments in and accounts with subsidiaries	1,402,089		1,073,711		3,186		—		(2,478,986		)	—
Total assets	$	1,496,777	$	3,463,889	$	1,737,056	$	1,347,719	$	(6,386,303	)	$	1,659,138
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	726	$	45	$	—		$	2,271
Accounts payable	1,126		8,150		89,352		149,645		—			248,273
Accrued liabilities1	36,511		27,420		57,984		45,083		(8,964		)	158,034
Due to affiliates1	903,865		1,520,539		1,122,258		345,913		(3,892,575		)	—
Total current liabilities	941,502		1,557,609		1,270,320		540,686		(3,901,539		)	408,578
Long-term debt and capital lease obligations, net of current portion	164,050		427,049		38,147		107		—			629,353
Accrued pension and other employee benefits	15,223		2,818		—		59,025		—			77,066
Deferred gain - sale of shipping fleet	—		—		—		6,290		—			6,290
Deferred tax liabilities	115		66,142		42,539		661		(5,778		)	103,679
Other liabilities	1,449		8,182		8,885		41,218		—			59,734
Total liabilities	1,122,339		2,061,800		1,359,891		647,987		(3,907,317		)	1,284,700
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	374,438		1,402,089		377,165		699,732		(2,478,986		)	374,438
Total liabilities and shareholders' equity	$	1,496,777	$	3,463,889	$	1,737,056	$	1,347,719	$	(6,386,303	)	$	1,659,138

^1.  We revised the December 31, 2013 condensed consolidating balance sheet presented above to correct for items of classification between CBII and CBLLC, the Co-Issuers. These classification items affected the line items indicated in amounts representing less than 1% of both total assets and total liabilities of CBII and CBLLC.

35

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
September 30, 2013
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	8,121	$	—	$	63,645	$	—		$	71,766
Trade receivables, less allowances	—		50,964		59,197		159,731		—			269,892
Other receivables, net	—		808		5,161		60,633		—			66,602
Inventories	—		9,814		40,373		184,596		—			234,783
Prepaid expenses	664		2,591		8,637		35,278		—			47,170
Due from affiliates	90,543		2,022,139		1,216,321		473,315		(3,802,318		)	—
Other current assets	—		—		17,096		10,197		(9,830		)	17,463
Total current assets	91,207		2,094,437		1,346,785		987,395		(3,812,148		)	707,676
Property, plant and equipment, net	—		21,211		205,755		165,918		—			392,884
Investments and other assets, net	15,245		27,077		2,393		57,445		(13,171		)	88,989
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		89,189		65		—			89,254
Investments in and accounts with subsidiaries	1,388,598		1,063,602		3,205		—		(2,455,405		)	—
Total assets	$	1,495,050	$	3,414,412	$	1,703,922	$	1,390,323	$	(6,280,724	)	$	1,722,983
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	639	$	52	$	—		$	2,191
Accounts payable	1,536		6,011		101,442		174,652		—			283,641
Accrued liabilities	25,657		34,674		53,633		44,212		(9,830		)	148,346
Due to affiliates	895,730		1,460,459		1,075,060		371,069		(3,802,318		)	—
Total current liabilities	922,923		1,502,644		1,230,774		589,985		(3,812,148		)	434,178
Long-term debt and capital lease obligations, net of current portion	161,182		427,453		31,264		113		—			620,012
Accrued pension and other employee benefits	15,016		7,363		—		59,916		—			82,295
Deferred gain - sale of shipping fleet	—		—		—		9,823		—			9,823
Deferred tax liabilities	115		79,701		39,415		5,882		(13,171		)	111,942
Other liabilities	1,505		8,653		19,168		41,098		—			70,424
Total liabilities	1,100,741		2,025,814		1,320,621		706,817		(3,825,319		)	1,328,674
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	394,309		1,388,598		383,301		683,506		(2,455,405		)	394,309
Total liabilities and shareholders' equity	$	1,495,050	$	3,414,412	$	1,703,922	$	1,390,323	$	(6,280,724	)	$	1,722,983

36

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Nine Months Ended September 30, 2014
(in thousands)
	CBII		CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-Issuer)		(Co-Issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash provided (used) by:
Operating cash flow	$	—	$	14,674		$	3,243		$	22,754		$	—		$	40,671
Capital expenditures	—		(2,689		)	(8,748		)	(27,399		)	—			(38,836		)
Net proceeds from sale of long-term assets	—		—			1,167			4,089			—			5,256
Investing activity with subsidiaries	—		(5,463		)	(570		)	—			6,033			—
Other, net	—		—			—			(3,736		)	—			(3,736		)
Investing cash flow	—		(8,152		)	(8,151		)	(27,046		)	6,033			(37,316		)
Repayments of long-term debt and capital lease obligations	—		(11,125		)	(555		)	(34		)	—			(11,714		)
Borrowings under the ABL Revolver	—		24,000			—			—			—			24,000
Repayments of the ABL Revolver	—		(24,000		)	—			—			—			(24,000		)
Payments for debt modification and issuance costs	—		(266		)	—			—			—			(266		)
Payments of debt extinguishment costs	—		(300		)	—			—			—			(300		)
Financing activity with subsidiaries	—		—			5,463			570			(6,033		)	—
Financing cash flow	—		(11,691		)	4,908			536			(6,033		)	(12,280		)
Increase (decrease) in cash and equivalents	—		(5,169		)	—			(3,756		)	—			(8,925		)
Cash and equivalents, beginning of period	—		15,851			—			38,166			—			54,017
Cash and equivalents, end of period	$	—	$	10,682		$	—		$	34,410		$	—		$	45,092

37

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Nine Months Ended September 30, 2013
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-Issuer)			(Co-Issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash provided (used) by:
Operating cash flow	$	(4,420	)	$	30,523		$	11,469		$	54,166		$	—		$	91,738
Capital expenditures	—			(1,984		)	(14,751		)	(19,430		)	—			(36,165		)
Contribution to equity method investment	—			—			—			(13,102		)	—			(13,102		)
Net proceeds from sale of long-term assets	1,819			—			7,222			2,710			—			11,751
Investing activity with subsidiaries	—			—			(3,786		)	—			3,786			—
Other, net	—			—			—			3,559			—			3,559
Investing cash flow	1,819			(1,984		)	(11,315		)	(26,263		)	3,786			(33,957		)
Issuances of long-term debt	—			429,415			—			—			—			429,415
Repayments of long-term debt and capital lease obligations	—			(412,425		)	(154		)	(67		)	—			(412,646		)
Borrowings under the ABL Revolver	—			36,590			—			—			—			36,590
Repayments of the ABL Revolver	—			(36,590		)	—			—			—			(36,590		)
Repayments of the Credit Facility Revolver	—			(40,000		)	—			—			—			(40,000		)
Payments for debt modification and issuance costs	—			(13,810		)	—			—			—			(13,810		)
Financing activity with subsidiaries	—			3,698			—			88			(3,786		)	—
Financing cash flow	—			(33,122		)	(154		)	21			(3,786		)	(37,041		)
Increase (decrease) in cash and equivalents	(2,601		)	(4,583		)	—			27,924			—			20,740
Cash and equivalents, beginning of period	2,601			12,704			—			35,721			—			51,026
Cash and equivalents, end of period	$	—		$	8,121		$	—		$	63,645		$	—		$	71,766

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Item 2 – Management's Discussion and Analysis of Financial Condition and Results of Operations

Overview

In the third quarter of 2014, after adjusting for the significant transaction costs (see below), our overall results improved compared to same period of 2013. This improvement was led by our Salads and Healthy Snacks segment that showed an $11 million improvement in operating income compared to the same quarter of 2013. Our new Midwest salad plant has continued to meet its performance targets through the first nine months of 2014, more than recovering the $7 million of startup costs that were incurred in the third quarter of 2013. Our results also reflected packaging efficiency and pricing actions that took effect in July 2014 resulting in increased retail value-added salad pricing, inclusive of product mix. However, the overall segment revenue and results were also adversely affected by reduced raw material supply for our processed fruit ingredient business that mainly sells banana puree and other value-added banana products and lower sales of sliced apple healthy snacks due to changes in customer menus. We also incurred $2 million of costs in the segment in the third quarter of 2014 related to severance, exit of a non-core healthy snacking business and other costs related to product resizing, product discontinuation and overhead savings initiatives.

Our third quarter Banana segment results matched the strong third quarter results we achieved in 2013, though there were differences in the operating conditions and drivers. In the third quarter of 2014, we achieved higher volume in North America and Core Europe (defined below) and higher banana pricing in North America driven by contract pricing gains. Overall pricing in Europe, the Mediterranean and the Middle East improved as volume was shifted to Core Europe. These benefits were offset by higher costs in the quarter. In addition to expected industry cost increases in labor, shipping and paper, our costs also increased due to lower productivity on both our owned and associate producer farms as a result of weather and other factors affecting growing conditions, which in turn forced us to procure more fruit in the Ecuador spot markets, resulting in incremental purchase and transport costs.

In both segments, the weather-impacted results of the first quarter weighed on the results for the nine months. A harsh winter in much of North America impacted first quarter sales volumes for all of our products in this market, increased our logistics costs, reduced raw yields in our salads operations, and challenged our salad manufacturing as raw products were, at times, unable to reach the plants and storms reduced our production schedules. Additionally, unfavorable weather and other conditions across Central America negatively impacted yields on both owned and associate producer banana farms, resulting in larger purchases in the weekly spot market and supply shortages to our North American and European end markets. Finally, stormy conditions in the Atlantic delayed our vessels earlier in 2014, increased our fuel usage, and required incremental vessel charters to fill vacated slots in our fleet rotations. While the winter weather conditions are now behind us, we continued to experience weather-driven volume reductions in Central America through the third quarter, which affected both productivity and banana availability, resulting in higher costs in first nine months of 2014.

We have taken a number of steps to reduce risk and improve operating efficiencies in our core business as we execute our "return to the core" strategy, and are only just beginning to realize the results of these efforts. We have exited several non-core healthy snacking businesses that generated operating losses and distracted management from its core businesses of bananas and salads, and we have redirected that investment back to the core. In our banana business, we have increased the pace of investment in our owned banana farms, which includes replanting and the addition of irrigation, to both increase productivity and reduce the effect of unusual weather patterns. We have sought opportunities to expand controlled banana production, which included the purchase of approximately 450 hectares of production in Honduras in the first quarter of 2014. We have improved infrastructure in certain Latin American port operations to accommodate new shipping rotations and partnerships that we expect to create efficiencies in our value chain beginning in the fourth quarter of 2014. We expanded the surcharge program in our North American banana business in the first quarter of 2014 to include a paper-related surcharge tied to a third party index, mitigating future impacts from another substantial cost input. In our salads business, we implemented price increases and product resizing, both of which took effect in July 2014, to offset industry costs and to return the business to reasonable profit margins. We have also taken a number of steps to reduce overhead expenses, which has resulted in meaningful reductions in our Corporate expenses, excluding the costs related to transactions described below.

Our results are subject to significant seasonal variations and interim results are not indicative of the results of operations for the full fiscal year. Historically, our results during the second half of the year have been weaker than in the first half of the year due to increased availability of competing fruits and resulting lower banana prices, as well as seasonally lower consumption of salads in the fourth quarter. We have made strategic changes to our business that we expect to reduce this trend, however, the effect of these seasonal variations can vary significantly from year to year. For a further description of our challenges and risks, see the Overview section of Management's Discussion and Analysis of Financial Condition and Results of Operations and Part I - Item 1A - Risk Factors in our 2013 Annual Report on Form 10-K and discussion below.

Strategic Combination with Fyffes and Cutrale-Safra Definitive Merger Agreement

On March 10, 2014, we announced our intention to combine with Fyffes plc ("Fyffes") and entered into a transaction agreement for the proposed combination, the terms of which were amended on September 25, 2014. A special meeting of our

39

shareholders was held on October 24, 2014 in which the shareholders did not approve the amended transaction agreement with Fyffes, therefore Fyffes delivered a notice of termination of the transaction agreement. In connection with the now terminated Fyffes strategic combination, we have incurred significant legal, advisory and other expenses totaling $4 million and $13 million during the quarter and nine months ended September 30, 2014, respectively. In addition, under the terms of the amended transaction agreement and expenses reimbursement agreement, we will pay Fyffes a termination fee of approximately $23 million in November 2014. 

On October 26, 2014, Chiquita entered into a Definitive Merger Agreement ("Merger Agreement") with Cavendish Global Limited ("Cavendish"), a private limited company incorporated under the laws of England and Wales. Cavendish is an affiliate of the Cutrale Group and the Safra Group. Pursuant to the merger agreement, among other things, Cavendish commenced a tender offer on November 4, 2014 to purchase all of the issued and outstanding shares of common stock, par value $0.01 per share, of Chiquita, subject to the conditions set forth in the Merger Agreement, at a purchase price of $14.50 per share. Chiquita's board of directors has unanimously approved the transaction. Pending regulatory approval, the transaction is expected to be finalized by the end of 2014 or in early 2015. In connection with the Merger Agreement, we have incurred legal, advisory and other expenses totaling $4 million for both the quarter and nine months ended September 30, 2014. In connection with the Merger Agreement, we expect to incur approximately $15 million to $25 million of advisory fees and other expenses upon finalization of the transaction. See Note 3 for further information on the strategic combination with Fyffes and Cutrale-Safra Merger Agreement.

Operations

We report three business segments: Bananas; Salads and Healthy Snacks; and Other Produce. Segment descriptions and results can be found in Note 14 to the Condensed Consolidated Financial Statements. Certain corporate expenses are not allocated to the reportable segments and are included in "Corporate costs," including costs related to the proposed combination with Fyffes and the unsolicited offer from the Cutrale Group and the Safra Group. Inter-segment transactions are eliminated. Total amounts may not recalculate due to rounding.

	Quarter Ended September 30,						Better (Worse) Percent Change		Nine Months Ended September 30,						Better (Worse) Percent Change
(In millions)	2014			2013					2014			2013
Net sales:
Bananas	$	477		$	456		4.7	%	$	1,516		$	1,482		2.3	%
Salads and Healthy Snacks	234			239			(2.0	)%	713			739			(3.5	)%
Other Produce	27			28			(4.1	)%	97			88			9.5	%
	$	739		$	723		2.1	%	$	2,326		$	2,309		0.7	%
Cost of sales1:
Bananas	$	426		$	399		(6.6	)%	$	1,333		$	1,272		(4.8	)%
Salads and Healthy Snacks	202			215			6.0	%	622			650			4.3	%
Other Produce	32			28			(16.5	)%	102			88			(15.6	)%
Corporate costs	3			3			(9.1	)%	8			8			(0.6	)%
	$	661		$	645		(2.8	)%	$	2,065		$	2,018		(2.4	)%
Operating income (loss):
Bananas	$	18		$	18		0.5	%	$	82		$	101		(19.0	)%
Salads and Healthy Snacks	6			(5		)	221.0	%	10			5			117.1	%
Other Produce	(5		)	2			(305.9	)%	(5		)	2			(344.9	)%
Corporate Costs	(21		)	(14		)	(49.6	)%	(52		)	(41		)	(25.6	)%
	$	(1	)	$	1		(224.7	)%	$	36		$	67		(46.3	)%

¹Cost of sales by segment in 2013 has been revised. Operating income by segment has not changed for these periods.

QUARTER ENDED SEPTEMBER 30, 2014 vs. QUARTER ENDED SEPTEMBER 30, 2013

Net Sales. Net sales increased on a consolidated basis by 2.1%.

In our Bananas segment, the increase in net sales was driven by higher volume in North America and Core Europe (defined below) and higher banana pricing in North America. Overall pricing in Europe, the Mediterranean and the Middle East improved as volume was shifted to Core Europe.

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Salads and Healthy Snacks segment sales decreased primarily as a result of lower volume of sliced apple healthy snack sales driven by changes in customer menus, lower processed fruit ingredient sales driven by reduced raw material supply and slightly lower volume of retail value-added salad. These were partially offset by higher retail value-added salad pricing driven by the permanent pricing actions that took effect in July 2014.

Other produce sales decreased primarily as a result of decreased volume and pricing.

Cost of Sales. Cost of sales increased 2.8% on a consolidated basis.

In our bananas business, cost of sales increased primarily due to weather impacts in our growing regions in Central America that reduced productivity on both our owned and associate producer farms and increased the volume purchased in weekly markets, primarily Ecuador. This was in addition to expected increases in industry costs, such as shipping and paper. Related to the 2007 gain on the sale-leaseback of eleven cargo ships, the gain on the sale-leaseback was being amortized to reduce "Cost of sales" over the base term of the leases, each of which expired in mid-2014. The annual amortization of the gain on shipping fleet was $14 million through 2013, with the final $3 million of amortization reducing costs in the second quarter of 2014.

In our Salads and Healthy Snacks segment, cost of sales decreased due to lower volumes as described above, lower cost of sales in our processed fruit ingredient products and the exit of a European healthy snacking business in June 2013. Additionally, our new Midwest salad plant continued to meet its performance targets in the third quarter of 2014 after incurring approximately $18 million in startup costs in 2013, of which $7 million were in third quarter of 2013. The new facility was placed into service in 2013 and replaced three facilities in the same region.

Other produce cost of sales increased due to higher costs of purchased fruit for Europe. The third quarter of 2014 also includes $3 million related to a claim settlement with a former supplier of other produce products that were discontinued in previous periods.

Operating Income. As a result of the items discussed above, improvements in the Salads and Healthy Snacks segment more than offset reductions in the Other Produce segment. Corporate costs in the third quarter of 2014 also included $8 million of combination-related transaction costs for our proposed combination with Fyffes and the unsolicited offer from the Cutrale Group and the Safra Group. Excluding transaction costs, Corporate costs improved due to lower legal fees, medical cost reductions and staffing and operating efficiencies. Corporate costs represent expenses not allocated to the reportable segments, including certain selling, general and administrative costs. Additional detail of the variances are included in the segment discussion below.

NINE MONTHS ENDED SEPTEMBER 30, 2014 vs. NINE MONTHS ENDED SEPTEMBER 30, 2013

Net Sales. Net sales increased on a consolidated basis by 0.7%.

In our Bananas segment, the increase in net sales was driven by higher average pricing in Core Europe (defined below), on a U.S. dollar basis, Mediterranean and Middle Eastern markets and higher banana volume in North America, partly offset by lower volume in Core Europe, Mediterranean and Middle East markets, as we continued to prioritize profitability over volume and reflecting supply shortages in the period.

Salads and Healthy Snacks segment sales decreased primarily as a result of lower processed fruit ingredient sales driven by reduced raw material supply, lower sliced apple healthy snack sales driven by changes in customer menus, lower foodservice volume and the June 2013 exit of a non-core European healthy snacking business that previously represented approximately $12 million of net sales on an annual basis. These declines were partially offset by higher retail value-added salad sales as a result of both volume and pricing, including mix.

Other produce sales increased primarily as a result of higher pineapple volume, primarily in North America.

Cost of Sales. Cost of sales increased 2.4% on a consolidated basis, primarily due to expected industry cost increases, including labor, shipping and paper and due to the effects of weather on both our bananas and salads value chains.

In our bananas business, cost of sales increased primarily due to weather impacts in our growing regions in Central America that reduced productivity on both our owned and associate producer farms and increased the volume purchased in weekly markets, primarily Ecuador. This resulted in incremental fruit and transportation costs, impacted further in the first quarter of 2014 by poor weather in the Atlantic that deferred vessel arrivals, resulting in increased fuel consumption and vessel charters. Related to the 2007 gain on the sale-leaseback of eleven cargo ships, the gain on the sale-leaseback was being amortized to reduce "Cost of sales" over the base term of the leases, each of which expired in mid-2014. The annual amortization of the gain on shipping fleet was $14 million through 2013, with the final $6 million of amortization reducing costs in the first half of 2014. To maintain our shipping rotations, we entered into new time charter arrangements and incurred $5 million of costs in the second quarter of 2014 in connection with the changeover of these vessels, which is expected to be completed in 2014.

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In our Salads and Healthy Snacks segment, our new Midwest salad plant continued to fully meet its performance targets in 2014 after incurring approximately $18 million in startup costs in 2013, of which $15 million were incurred in the first nine months of 2013. The new facility was placed into service in 2013 and replaced three facilities in the same region. Additionally, cost of sales decreased due to lower volumes in our healthy snacks and food service, reduced raw material supply for our processed fruit ingredient products and the exit of a European healthy snacking business in June 2013 partly offset by additional volume of retail value-added salads, discussed above, and harsh winter weather in much of North America during the first quarter of 2014 that adversely affected logistics costs and demand imbalance impacted raw product sourcing in that period.

Other produce cost of sales increased due to higher pineapple volume, primarily in North America and higher costs of purchased fruit for Europe. The third quarter of 2014 also includes $3 million related to a claim settlement with a former supplier of other produce products that were discontinued in previous periods.

Operating Income. As a result of the items discussed above, operating income was lower than 2013, primarily from the challenging first quarter of 2014. Corporate costs in the first nine months of 2014 also included $17 million of combination-related transaction costs for our proposed combination with Fyffes and the unsolicited offer from the Cutrale Group and the Safra Group. Excluding transaction costs, Corporate costs improved due to lower legal fees, medical cost reductions and staffing and operating efficiencies. Corporate costs represent expenses not allocated to the reportable segments, including certain selling, general and administrative costs. Additional detail of the variances are included in the segment discussion below.

BANANA SEGMENT - NET SALES, COST OF SALES AND OPERATING INCOME ANALYSIS

	Better (Worse)
(In millions)	Q3		YTD
2013 Banana segment net sales	$	456	$	1,482
Global pricing and geographic product mix	10		(3		)
Volume	1		3
Average European exchange rates including the effect of hedging	10		36
Other	—		(2		)
2014 Banana segment net sales	$	477	$	1,516

	(Better) Worse
(In millions)	Q3			YTD
2013 Banana segment cost of sales	$	399		$	1,272
Volume	1			2
Sourcing and logistics costs1	21			59
Average European exchange rates	5			8
Tariffs	(2		)	(7		)
Other	2			(1		)
2014 Banana segment cost of sales	$	426		$	1,333

¹  Sourcing costs include the costs of producing fruit in our owned operations and purchasing fruit from third party growers. Logistics costs are significantly affected by source locations of fruit, fuel prices and scale efficiencies and include the effect of bunker fuel hedges, which was a loss of $1 million and a gain of $2 million for the third quarter of 2014 and 2013, respectively, and a loss of $1 million and a gain of $5 million for the nine months ended September 30, 2014 and 2013, respectively.

	Better (Worse)
(In millions)	Q3			YTD
2013 Banana segment operating income	$	18		$	101
Change in Banana segment net sales from above	21			34
Change in Banana segment cost of sales from above	(27		)	(61		)
Selling, general and administrative expenses	4			7
Other	1			1
2014 Banana segment operating income	$	18		$	82

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BANANA SEGMENT METRICS

Volume. Our banana sales volumes¹ in 40-pound box equivalents were as follows:

(In millions, except percentages)	Q3 2014	Q3 2013	% Change		YTD 2014	YTD 2013	% Change
North America	18.8	18.1	3.8	%	56.8	54.1	4.9	%
Europe and the Middle East:
Core Europe2	7.6	7.3	4.4	%	25.2	25.6	(1.7	)%
Mediterranean3	1.8	2.6	(29.0	)%	7.0	8.7	(18.6	)%
Middle East	1.0	1.1	(15.1	)%	2.8	3.2	(13.0	)%
Europe and the Middle East	10.4	11.0	(5.5	)%	35.0	37.4	(6.6	)%
Total volume	29.2	29.2	0.3	%	91.8	91.6	0.2	%

¹  Volume sold represents all banana varieties, including Chiquita to Go, Chiquita minis, organic bananas and plantains.

²   Core Europe includes the 28 member states of the European Union, Switzerland, Norway and Iceland. Banana sales in Core Europe are primarily in euros but also include other European currencies.

³   Mediterranean markets are mainly European and Mediterranean countries that do not belong to the European Union.

Pricing. Year-over-year percentage changes in our banana prices for 2014 compared to 2013 were as follows:

	Q3		YTD
North America1	2.2	%	0.3	%
Core Europe:
Local currency	(3.6	)%	(1.8	)%
Currency exchange impact	0.4	%	3.3	%
Core Europe U.S. Dollar Basis2	(3.2	)%	1.5	%
Mediterranean	2.3	%	9.3	%
Middle East	2.6	%	9.7	%
Europe and the Middle East	1.1	%	4.5	%

¹   North America pricing includes surcharges to recover fuel-related and other costs. In 2014, our surcharge was expanded to also recover increases in paper costs.

²  Prices on a U.S. dollar basis exclude the effect of hedging.

European Exchange Rates. We use hedging instruments (derivatives) to reduce the negative cash flow and earnings effect that any significant decline in the value of the euro would have on the conversion of euro-based revenue into U.S. dollars for up to 18 months in the future. To minimize the volatility that changes in fuel prices could have on the operating results of our core shipping operations, we also use hedging instruments to lock in prices of future bunker fuel purchases for up to three years in the future. Further discussion of hedging risks and instruments can be found under the caption Item 3 – Quantitative and Qualitative Disclosures About Market Risk below and Note 7 to the Condensed Consolidated Financial Statements. The average spot and hedged euro exchange rates were as follows:

(Dollars per euro)	Q3 2014		Q3 2013		% Change		YTD 2014		YTD 2013		% Change
Euro average exchange rate, spot	$	1.33	$	1.32	0.9	%	$	1.36	$	1.32	2.8	%
Euro average exchange rate, hedged1	1.35		1.28		5.5	%	1.36		1.27		6.7	%

¹   Only includes realized hedging gains and losses.

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Year over year increases (decreases) in our results related to the effect of European currency was as follows:

(In millions)	Q3			YTD
Net sales:
Change in euro exchange rate	$	2		$	21
Change in realized hedging gain (loss)1	6			15
Change in unrealized hedging gain2	2			—
Effect on net sales	10			36
Local costs increase	—			(4		)
Change in balance sheet translation loss3	(5		)	(4		)
Net effect on operating income (loss)	$	4		$	28

Table may not total or recalculate due to rounding.

¹ Third quarter hedging gain was $1 million in 2014 versus a loss of $5 million in the same period of 2013. For the nine months ended September 30, 2014 the hedging loss was $1 million versus a loss of $16 million recognized in the nine months ended September 30, 2013.

²   Hedge accounting was terminated prospectively the first quarter of 2013 for certain currency hedges that were transferred to banks participating in our ABL Credit Facility. These unrealized gains and losses were recognized in "Net sales" for positions originally intended to hedge sales in the second and third quarters of 2013. Termination of hedge accounting did not change the economic purpose or effect to reduce uncertainty in the U.S. dollar realization of euro-denominated sales, but did result in unrealized changes in fair value of these hedge positions to be recognized currently in "Net sales" until the hedge positions settled. The third quarter of 2013 included $2 million of unrealized losses in "Net sales" associated with these option contracts. These unrealized changes net to zero in the first nine months of 2013 because all of the affected hedge positions had settled by September 30, 2013.

³ Third quarter balance sheet translation was a net loss of $3 million in 2014 versus a net gain of $2 million in the same period of 2013. For the nine months ended September 30, 2014 the balance sheet translation was a net loss of $6 million versus a net loss of $3 million in the nine months ended September 30, 2013.

BANANA SEGMENT - OTHER INFORMATION

Concentration of Risk. Our primary markets are in North America and Europe, but we also have sales in the Middle East and other markets. The majority of our sales in the Middle East are in Iran under license from the U.S. government that allows sale of food products to non-sanctioned parties. These sales to Iranian customers are in U.S. dollars and represent $9 million, $17 million and $17 million of "Trade receivables, less allowances" on the Condensed Consolidated Balance Sheet as of September 30, 2014, December 31, 2013 and September 30, 2013, respectively. Even though the sales in Iran are permitted, the international sanctions against Iran affected the ability of Iranian customers to pay invoices within terms because it became difficult for them to obtain U.S. dollars, euros or other suitable currencies in sufficient quantity on a regular basis. Over the course of 2012, our receivable balance with these customers increased, and we have established payment plans with each of these customers to reduce their balances. Certain customers have so far been able to find acceptable methods of payment to comply with their payment plans. However, some customers have not, and as a result, we recorded a reserve of $9 million in 2012, with an additional $2 million in 2013 as a result of further delinquency and other repayment risk. We source bananas from the Philippines for sale in the Middle East under a committed-volume, long term purchase contract with a former joint venture partner through 2016. To mitigate risk, we have reduced the amount of volume being sent to the Middle East and have developed customers in other Middle Eastern markets. However, Iran remains an important market for our Philippine-sourced bananas.

Import Regulations. Bananas imported into the European Union ("EU") from Latin America, our primary source of fruit, are subject to a tariff, while bananas imported from African, Caribbean and Pacific sources continue to enter the EU tariff-free. In 2009, the EU and 11 Latin American countries reached the World Trade Organization ("WTO") Geneva Agreement on Trade in Bananas ("GATB"), under which the EU agreed to reduce tariffs on Latin American bananas annually, from €176 per metric ton ending with a rate of €114 per metric ton by 2019. The GATB resulted in tariff rates per metric ton of €143 in 2011, €136 in 2012 and €132 in both 2013 and 2014, respectively. The EU also signed a WTO agreement with the United States, under which it agreed not to reinstate WTO-illegal tariff quotas or licenses on banana imports.

In another regulatory development, in June 2012, the EU signed free trade area ("FTA") agreements with (i) Colombia and Peru and (ii) the Central American countries. Under both FTA agreements, the EU committed to reduce its banana tariff to €75 per metric ton over ten years for specified volumes of banana exports from each of the countries covered by these FTAs, and further required that the banana volumes assigned to each country under the Central American FTA be administered through export licenses. Implementation of an export license system in the 1990's (subsequently ruled illegal) significantly increased our logistics and other export costs. The EU implemented its FTA with Peru on March 1, 2013; its FTAs with

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Panama, Honduras, Nicaragua, and Colombia on August 1, 2013; its FTAs with Costa Rica and El Salvador on October 1, 2013; and its FTA with Guatemala on December 1, 2013. Because questions remain over how the banana volume and export licensing rules will be applied over time, it is still unclear what, if any, effect the newly implemented FTAs will have on our operations.

On July 17, 2014, the EU also closed a trade agreement with Ecuador, which still needs to be signed and ratified by the governments before it takes effect. According to unofficial reports, the agreement grants bananas from Ecuador roughly the same reduced EU tariffs and country-specific volumes entitled to those rates that the EU-Colombia FTA grants to bananas from Colombia. It is still not clear if or when the EU-Ecuador agreement will be ratified, but the governments are projecting that implementation will occur in mid-2016. Until the governments fully disclose and implement the agreement's banana provisions the agreement's effect on our operations, if any, will remain unclear.

SALADS AND HEALTHY SNACKS SEGMENT - NET SALES, COST OF SALES & OPERATING INCOME ANALYSIS

	Better (Worse)
(In millions)	Q3			YTD
2013 Salads and Healthy Snacks segment net sales	$	239		$	739
Pricing including mix:
Retail value-added salads	4			6
Healthy snacks, foodservice and other	1			(2		)
Volume:
Retail value-added salads	(1		)	4
Healthy snacks, foodservice and other	(8		)	(18		)
Processed fruit ingredient products, primarily volume	(2		)	(14		)
Exit of European healthy snacking businesses	—			(7		)
Other	1			5
2014 Salads and Healthy Snacks segment net sales	$	234		$	713

	(Better) Worse
(In millions)	Q3			YTD
2013 Salads and Healthy Snacks cost of sales	$	215		$	650
Volume:
Retail value-added salads	(1		)	3
Healthy snacks, foodservice and other	(6		)	(14		)
Mix:
Retail value-added salads	3			7
Healthy snacks, foodservice and other	1			2
Industry input and manufacturing costs:
Retail value-added salads	(6		)	(6		)
Healthy snacks, foodservice and other	(3		)	(11		)
Processed fruit ingredient products, primarily volume	(2		)	(8		)
Exit of European healthy snacking businesses	—			(6		)
Other	1			5
2014 Salads and Healthy Snacks cost of sales	$	202		$	622

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	Better (Worse)
(In millions)	Q3			YTD
2013 Salads and Healthy Snacks segment operating income	$	(5	)	$	5
Change in Salads and Healthy Snacks segment net sales from above	(5		)	(26		)
Change in Salads and Healthy Snacks segment cost of sales from above	13			28
Selling, general and administrative, including marketing	3			2
Other	—			1
2014 Salads and Healthy Snacks segment operating income	$	6		$	10

SALADS AND HEALTHY SNACKS SEGMENT METRICS

Volume and average price per case for our retail value-added salads was as follows:

(In millions, except percentages)	Q3 2014	Q3 2013	% Change		YTD 2014	YTD 2013	% Change
Volume of 12-count cases	12.1	12.2	(0.6	)%	37.3	36.9	0.9	%
Average price per case including mix1			3.3	%			2.0	%

¹   Average price per case includes fuel-related and other surcharges. Fuel surcharges generally reset quarterly based on the previous quarter's average fuel index prices.

SALADS AND HEALTHY SNACKS SEGMENT - OTHER INFORMATION

In June 2012, we entered into a 20-year lease agreement for a salad production and warehousing facility in the Midwest that replaced three existing facilities in the region. The lease agreement contains two5-year extension periods. The plant was phased into service during 2013, and the construction costs were finalized on March 31, 2014 resulting in an interest rate of 6.3% to calculate the capital lease liability and future payments. Lease payments will increase annually based on CPI. The total liability related to this facility was $42 million, $38 million and $38 million at September 30, 2014, December 31, 2013 and September 30, 2013, respectively, of which approximately $1 million was current at each of those dates. At September 30, 2014 and December 31, 2013, this liability was included as a capital lease obligation on the Condensed Consolidated Balance Sheets. At September 30, 2013, $31 million was included as a capital lease obligation corresponding to the portion of the leased facility that was placed into service and $1 million and $6 million obligations corresponding to the construction in progress of the leased facility were included in "Accrued liabilities" and "Other liabilities", respectively. Though the construction costs were financed by the lessor, we acted as the construction agent and were responsible for all construction activity during the construction period because of the specialized nature of the facility. As a result, we were treated as the owner for accounting purposes during the construction period. Our new Midwest salad plant fully met its performance targets in the first nine months of 2014 after incurring approximately $18 million in startup costs in 2013, of which $7 million were incurred in the third quarter of 2013 and $15 million were incurred in the first nine months of 2013.

INTEREST AND LOSS ON DEBT EXTINGUISHMENT

Interest expense was $16 million and $15 million for the quarters ended September 30, 2014 and 2013, respectively, and $46 million and $45 million for the nine months ended September 30, 2014 and 2013, respectively. Loss on debt extinguishment in the first nine months of 2014 relates to the redemption of $10 million of the 7.875% Senior Secured Notes due 2021 ("7.875% Notes") on January 31, 2014. On February 5, 2013, we issued $425 million of 7.875% Notes, entered into a new asset-based lending facility and used the entire proceeds to retire the 7.5% senior notes due 2014 and a credit facility. Loss on debt extinguishment in the first nine months of 2013 resulted from the write-off of deferred financing fees related to the debt that was extinguished.

OTHER INCOME (EXPENSE), NET

In the first quarter of 2014, we disposed of a non-core healthy snacking business in Europe, resulting in a loss of $3 million, which was recorded in "Other income (expense), net," which was not allocated to the segment results. Of this loss, $1 million related to cash payments upon disposal. This business represented approximately $2 million in annual net sales and had an insignificant effect on operating income.

In the second quarter of 2013, we sold another non-core healthy snacking business in Europe for €3 million ($4 million) resulting in a gain of $1 million recognized in "Other income (expense), net," which was not allocated to the segment results. This business represented approximately $12 million per year in annual sales and had an insignificant effect on operating income.

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In October 2014 we disposed of the non-core healthy snacking operations in China that represented approximately $4 million in annual sales and had an insignificant effect on operating income.

INCOME TAXES

Income taxes were a net expense of $1 million and $4 million for the quarters ended September 30, 2014 and 2013, respectively, and $10 million and $4 million for the nine months ended September 30, 2014 and 2013, respectively. For the quarters and nine months ended September 30, 2014 and 2013 the difference in the overall effective tax rate from the U.S. statutory rate is due to the existence of valuation allowances in the U.S. and other jurisdictions, as well as the mix of earnings across various jurisdictions and discrete tax items. See further details in Note 11 to the Condensed Consolidated Financial Statements.

Liquidity and Capital Resources

We believe our cash position, cash flow generated by operating subsidiaries and borrowing capacity under our ABL Facility (defined below) will provide sufficient cash reserves and liquidity to fund our working capital needs, capital expenditures and debt service requirements for at least twelve months. At September 30, 2014, we had a cash balance of $45 million and no borrowings under the ABL Revolver (defined below), under which $84 million was available after $25 million was used to support letters of credit. In connection with both the termination of the transaction agreement with Fyffes and finalization of the Merger Agreement with Cavendish, we expect to incur a termination fee and legal, advisory and other costs aggregating to between $40 and $50 million, which we will fund from available cash and availability under our ABL Revolver. These costs are in addition to those that were incurred during the quarter and nine months ended September 30, 2014.

A subsidiary has a committed credit line of approximately €6 million ($7 million) for bank guarantees used primarily for payments due under import licenses and duties in European countries, and we have €6 million ($7 million) of cash equivalents in compensating balance arrangements related to this committed credit line.

In February 2013, we issued $425 million of 7.875% senior secured notes due February 1, 2021 ("7.875% Notes") at 99.274% of par and entered into a 5-year secured asset-based lending facility ("ABL Facility"). The $457 million of net proceeds from issuance of the 7.875% Notes and the initial borrowings of the ABL Facility were used to retire the then-outstanding Credit Facility and the 7½% Senior Notes at par plus accrued interest. This refinancing significantly extended our debt maturities and reduced the cash required for debt service over the next several years, while still providing the ability to reduce debt with excess cash flow. In January 2014 we redeemed $10 million of the 7.875% Notes at 103% of the principal amount, plus interest to the redemption date.

The ABL Facility consists of a revolver (the "ABL Revolver") and a $7.5 million term loan (the "ABL Term Loan") and matures at the earlier of February 5, 2018 or 60 days prior to the maturity of our existing 4.25% Convertible Senior Notes due August 15, 2016, unless such notes have been satisfactorily refinanced. The ABL Facility has a maximum borrowing capacity of $150 million, with the ABL Revolver subject to a borrowing base calculation based on specified percentages of our domestic accounts receivable, certain inventory and certain domestic machinery and equipment with the potential for additional advances against foreign accounts receivable. To fund seasonal working capital needs, we borrowed and repaid $24 million under the ABL Revolver in the first nine months of 2014. There are no borrowings under the ABL Revolver as of the date of this filing. The ABL Term Loan requires annual repayments of approximately $2 million.

In the first quarter of 2014, we purchased a group of banana farms in Honduras that were adjacent to farms that we already owned. The purchase included approximately 700 hectares of land, of which nearly 450 hectare are in production, as well as related buildings and equipment. The purchase price was $10 million, of which $3 million was paid at closing and the remaining $7 million was financed by the sellers. Our debt to the sellers is payable in annual installments over four years. The agreement did not specify an interest rate, and we calculated the debt balance using the effective rate method and an estimated interest rate of 8%.

See further information regarding the terms, description of the security and restrictions of our debt arrangements in Note 6 to the Condensed Consolidated Financial Statements.

Cash provided (used) by operations was $41 million and $92 million for the nine months ended September 30, 2014 and 2013, respectively. Changes in cash flow from operations were primarily driven by changes in operating income.

Cash flow used in investing activities includes capital expenditures of $39 million and $36 million for the nine months ended September 30, 2014 and 2013, respectively. We made a contribution of €10 million ($13 million) in the third quarter of 2013 that fully discharged our financial obligations to the Danone JV, which we exited upon making these contributions. We had fully accrued these obligations in 2012.

Depending on fuel prices, we can have significant obligations or amounts receivable under our bunker fuel forward arrangements, although we would expect any liability or asset from these arrangements to be offset by the purchase price of fuel. At September 30, 2014, December 31, 2013 and September 30, 2013, our bunker fuel forward contracts were a net asset

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(liability) of $(3) million, $1 million and less than $(1) million, respectively. Depending on euro exchange rates, we can have significant obligations or amounts receivable under our euro-based currency hedging contracts, although we would expect any liability or asset from these contracts to be more than offset by an increase in the dollar realization of the underlying euro-denominated sales. At September 30, 2014, December 31, 2013 and September 30, 2013, our euro-based currency hedging contracts were a net asset (liability) of $22 million, $(5) million and $(10) million, respectively. The amount ultimately due or receivable will depend upon fuel prices for our bunker fuel forward arrangements or the exchange rate for our euro-based hedging contracts at the dates of settlement. See Quantitative and Qualitative Disclosures About Market Risk below and Note 7 and Note 8 to the Condensed Consolidated Financial Statements for further information about our hedging activities. We expect operating cash flows will be sufficient to cover hedging obligations, if any.

We face certain contingent liabilities which are described in Note 15 to the Condensed Consolidated Financial Statements; in accordance with generally accepted accounting practices, reserves have not been established for most of the ongoing matters, even when we have been required to deposit payments to preserve our right to appeal some of the Italian customs and tax cases. In connection with these contingent liabilities, we have been required to deposit payments in installments totaling €40 million ($50 million) through 2019 to preserve our right to appeal the customs and tax assessments. Of these assessments, we have deposited €27 million ($34 million) through September 30, 2014, which is included in "Investments and other assets, net" on the Condensed Consolidated Balance Sheet pending resolution of the appeals process. Based on rulings described in Note 15 to the Condensed Consolidated Financial Statements, approximately €2 million ($2 million) deposited for customs and tax assessments in Genoa was applied to deposit requirements in other jurisdictions. The remaining installment plans call for annual deposit payments of approximately €4 million ($6 million) 2014 through 2016, €4 million ($5 million) in 2017 and less than €1 million ($1 million) in 2018 and 2019; however, if we ultimately prevail in these cases, any deposits we have made are also expected to be refunded with interest. Because court rulings have varied, we have not been assessed in similar matters in other jurisdictions, but may be required to make additional payments based on future appeals or court rulings. We presently expect that we would use existing cash and borrowing resources together with operating cash flow to satisfy any such liabilities. It is possible that in future periods we could have to pay damages or other amounts in excess of the installment plans, the exact amount of which would be at the discretion of the applicable court or regulatory body.

In 2012, as a result of a favorable decision from a court in Salerno, Italy, we received €20 million ($26 million) related to a refund claim we had made with respect to certain consumption taxes paid between 1980 and 1990, and the cash received has been deferred to "Other liabilities" pending final result of the appeal process. If we were to lose on appeal, we may be required to repay the consumption tax refunds received with interest.

Also as described in Note 15 to the Condensed Consolidated Financial Statements, in connection with a court judgment against one of our insurance carriers, National Union, we have received $12 million through September 30, 2014 from National Union for defense costs in certain matters. In March 2013, the Ohio Court of Appeals ruled that National Union is not obligated to provide coverage for these defense costs and remanded the case to the trial court to determine whether National Union is entitled to repayment of the defense costs that it has already paid. In June 2014, after remand from the Ohio Court of Appeals the trial court ruled that National Union is entitled to reimbursement of the defense costs that it has already paid. The company expects to appeal that ruling. We have deferred these cash receipts, and an additional $1 million of interest, in "Accrued liabilities" pending resolution of the appeals process.

We have not made dividend payments since 2006. Many of our debt instruments, including the 7.875% Notes and the ABL Facility, which are described in Note 6 to the Condensed Consolidated Financial Statements, impose limitations on CBII's ability to pay dividends on its common stock. At September 30, 2014, we were in compliance with each of our debt instruments and expect to remain in compliance for at least twelve months. In connection with the Merger Agreement with Cavendish, we made customary representations and warranties, and agreed to customary covenants limiting our ability to, among other things: incur indebtedness, create or permit the existence of liens over their assets, engage in certain mergers, asset sales and liquidations, prepay certain indebtedness, pay dividends and other "restricted payments," and engage in transactions with their affiliates, in each case subject to customary exceptions. The proposed Merger Agreement is expected to be completed before the end of 2014 or early 2015.

Risks of International Operations

We operate in many foreign countries, including China and Russia and countries in Central America, Europe, the Middle East and Africa. Our activities are subject to risks inherent in operating in these countries, including government regulation, currency restrictions, fluctuations and other restraints, import and export restrictions, burdensome taxes, additional tax assessments in foreign jurisdictions, risks of expropriation, threats to employees, political and economic instability, terrorist activities including extortion, and risks of U.S. and foreign governmental action in relation to us. Under certain circumstances, we might need to curtail, cease or alter our activities in a particular region or country. Trade restrictions apply to certain countries and certain parties under various sanctions, laws and regulations; our sales into Iran and Syria must be and are authorized by the U.S. government pursuant to these regulations, which generally or by specific license allow sales of our food

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products to those countries. In order to avoid transactions with parties subject to trade restrictions, we screen parties to our transactions against relevant trade sanctions lists.

See Note 15 to the Condensed Consolidated Financial Statements for a further description of legal proceedings and other risks including, in particular, (1) the civil litigation and investigations relating to payments made by our former Colombian subsidiary to a Colombian paramilitary group and (2) customs and tax proceedings in Italy.

Critical Accounting Policies and Estimates

There have been no material changes to our critical accounting policies and estimates described in Management's Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report on Form 10-K for the year ended December 31, 2013.

New Accounting Standards

See Note 16 to the Condensed Consolidated Financial Statements for information on relevant new accounting standards.

* * * * *

This quarterly report contains certain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including: the customary risks experienced by global food companies, such as prices for commodity and other inputs, currency exchange rate fluctuations, industry and competitive conditions (all of which may be more unpredictable in light of continuing uncertainty in the global economic environment), government regulations, food safety issues and product recalls affecting the company or the industry, labor relations, burdensome taxes, additional tax assessments in foreign jurisdictions, political instability and terrorism; challenges in implementing the relocation of our corporate headquarters and other North American corporate functions to Charlotte, North Carolina; challenges in our ability to achieve cost savings and other benefits from restructuring and strategic changes; unusual weather events, conditions or crop risks; continued ability to access the capital and credit markets on commercially reasonable terms and comply with the terms of our debt instruments; access to and cost of financing; the risk that the acquisition by Cutrale-Safra does not occur; and the outcome of pending litigation and governmental investigations involving the company, as well as the legal fees and other costs incurred in connection with such items.

The forward-looking statements speak as of the date made and are not guarantees of future performance. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and we undertake no obligation to update any such statements.

Item 3 – Quantitative and Qualitative Disclosures About Market Risk

Reference is made to the discussion under Management's Discussion and Analysis of Financial Condition and Results of Operations – Market Risk Management – Financial Instruments in our 2013 Annual Report on Form 10-K. As of September 30, 2014, the only material changes from the information presented in the Form 10-K are contained in the information provided below.

Our products are distributed in nearly 70 countries. International sales are made primarily in U.S. dollars and major European currencies. We reduce currency exchange risk from sales originating in currencies other than the U.S. dollar by exchanging local currencies for dollars promptly upon receipt. We consider our exposure, current market conditions and hedging costs in determining when and whether to enter into new hedging instruments to hedge the dollar value of our estimated euro net sales up to 18 months into the future. We may use average rate put options, average rate collars (an average rate put option paired with an average rate call option) and average rate forward contracts to manage our exposure to euro exchange rates. Average rate put options require an upfront premium payment and reduce the risk of a decline in the value of the euro without limiting the benefit of an increase in the value of the euro. Average rate call options sold by us require an upfront premium payment to be received from the counterparty and limit the benefit of an increase in the value of the euro without limiting the risk of a decline in the value of the euro. We may use average rate call options to reduce the cost of currency hedging coverage. In some cases, we may simulate an average rate forward contract by entering into an average rate put and an average rate call at the same strike rate to lock in the future exchange rate of the notional amount ("synthetic average rate forward"). These instruments do not require upfront premium payments. We expect that any loss on these contracts would be more than offset by an increase in the dollar realization of the underlying sales denominated in foreign currencies.

At October 28, 2014, we had:

• Average rate collars for approximately 30% of our expected net sales for the remainder of 2014 and approximately 25% of our expected net sales through September 2015 that protect from a decline in the exchange rate below $1.32 per euro and $1.34 per euro, respectively, and limit the benefit of an increase in the exchange rate above $1.40 per euro and $1.41 per euro, respectively.

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• Average rate forwards and synthetic average rate forwards that lock in the value of the euro for approximately 50% of our expected net sales for the remainder of 2014 and approximately 25% of our expected net sales through September 2015 at $1.36 per euro and $1.37 per euro, respectively.

Our shipping operations are exposed to the risk of rising fuel prices. To reduce the risk of rising fuel prices, we maintain a fuel surcharge program on sales in North America, and we enter into bunker fuel forward contracts (swaps) that allow us to lock in fuel prices for our European shipping rotations up to three years in the future. Bunker fuel forward contracts can offset increases in market fuel prices or can result in higher costs from declines in market fuel prices, but in either case reduce the volatility of changing fuel prices on our results. The price we pay to ship bananas and other produce in container equipment on board third parties' container ships includes an adjustment for fuel costs that is not subject to our hedging program. At September 30, 2014, we had deferred losses on bunker fuel hedges included in "Accumulated other comprehensive income (loss)" of $1 million and $2 million that are expected to increase our cost of bunker fuel in 2014 and 2015, respectively, and represent coverage for expected fuel purchases of approximately 70% and 65%, respectively, for our European shipping rotation.

We carry hedging instruments at fair value on our Consolidated Balance Sheets. The fair value of the currency hedge portfolio and bunker fuel forward contracts was a net asset (liability) of $18 million, $(4 million) and $(10) million at September 30, 2014, December 31, 2013, and September 30, 2013, respectively. A hypothetical 10% increase in the euro currency rates would have resulted in a decline in fair value of the currency hedge portfolio of approximately $28 million at September 30, 2014. However, we expect that any loss on these put and call options would be more than offset by an increase in the dollar realization of the underlying sales denominated in euros. A hypothetical 10% decrease in bunker fuel rates would result in a decline in fair value of the bunker fuel forward contracts of approximately $4 million at September 30, 2014. However, we expect that any decline in the fair value of these contracts would be offset by a decrease in the cost of underlying fuel purchases.

See Note 7 to the Condensed Consolidated Financial Statements for additional discussion of our hedging activities. See Note 8 to the Condensed Consolidated Financial Statements for additional discussion of fair value measurements.

DEBT INSTRUMENTS

Although the Condensed Consolidated Balance Sheets do not present debt at fair value, we have a significant amount of fixed-rate debt whose fair value could fluctuate as a result of changes in prevailing market rates. At September 30, 2014, we had $615 million principal balance of fixed-rate debt, which included the 7.875% Notes and the 4.25% Convertible Senior Notes. The $200 million principal balance of the Convertible Notes is greater than their $173 million carrying value due to the accounting standards for convertible notes such as ours that are described in Note 6 to the Condensed Consolidated Financial Statements. The $415 million principal balance of the 7.875% Notes is greater than their $412 million carrying value due to the related discount that will be amortized over the life of the 7.875% Notes. A hypothetical 0.50% increase in interest rates would have resulted in a decline in the fair value of our fixed-rate debt of approximately $12 million at September 30, 2014.

The refinancing activities in 2013 significantly reduced our exposure to changes in variable interest rates to a nominal amount.

Item 4 – Controls and Procedures

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in reports that we file or submit under the Securities Exchange Act of 1934, as amended, are (a) accumulated and communicated to our management to allow timely decisions regarding required disclosure and (b) recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms. An evaluation was carried out by management, with the participation of the Chief Executive Officer and Chief Financial Officer, of the effectiveness as of September 30, 2014 of our disclosure controls and procedures as defined in Exchange Act Rule 13a-15(e). Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that these disclosure controls and procedures were effective as of that date.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

There were no changes during the quarter ended September 30, 2014 in our internal control over financial reporting, as defined in Rule 13a-15f under the Exchange Act that have materially affected or are reasonably likely to affect our internal control over financial reporting.

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PART II – Other Information

Item 1 – Legal Proceedings

The information included in Note 15 to the Condensed Consolidated Financial Statements in this Quarterly Report on Form 10-Q regarding the Colombia Related Matters and the Italian Customs and Tax Cases is incorporated by reference into this Item.

On October 7, 2014, a purported shareholder of Chiquita filed a putative class action in Federal Court in New Jersey challenging the combination of Chiquita and Fyffes. The case is captioned City of Birmingham Firemen's and Policemen's Supplemental Pension System v. Chiquita Brands International Inc., et al., Case Number 14-6200-NLH-AMD (D.N.J.). The action names as defendants Chiquita and each of the members of the Chiquita board of directors. The plaintiff alleges, among other things, that the Chiquita board of directors breached its fiduciary duties in various respects concerning the combination and the unsolicited Cutrale/Safra proposal. On October 16, 2014, the judge in the case entered an order that, among other things, denied plaintiff's request for expedited discovery and required the parties to appear for a show cause hearing on October 23, 2014, on plaintiff’s application for a preliminary injunction regarding the combination.

On October 21, 2014, plaintiff voluntarily withdrew its application for a preliminary injunction and notified the court that it will instead pursue a damages action. Under the current scheduling order the plaintiff has until November 21, 2014 to file an amended complaint.  Chiquita and its board of directors believe that the claims asserted against them by the plaintiff are without merit and will defend this case vigorously.

Item 1A – Risk Factors

For a discussion of risk factors attributable to our business, refer to Part 1, Item 1A, “Risk Factors,” contained in our Annual Report on Form 10-K for the year ended December 31, 2013. There have been no material changes to the risk factors disclosed in the Annual Report, except for the risks and uncertainties related to the Cutrale-Safra definitive merger agreement discussed in the Schedule 14D-9 that we filed with the SEC on November 4, 2014, including those set forth under “Cautionary Statement Concerning Forward-Looking Statements,” which are incorporated by reference herein.

Item 6 – Exhibits

*Exhibit 10.1 – Amendment to Employment Agreement between Chiquita Brands International, Inc. and Edward F. Lonergan dated as of September 8, 2014 (Exhibit (e)(12) to Schedule 14D-9 filed November 4, 2014)

*Exhibit 10.2 – Restricted Stock Unit Award Agreement from Chiquita Brands International, Inc. to Edward F. Lonergan, dated as of September 8, 2014, with respect to an aggregate 79,412 shares of Common Stock (Exhibit (e)(9) to Schedule 14D-9 filed November 4, 2014)

*Exhibit 10.3 – Form of Change in Control Severance Agreement being used on and after August 22, 2014 (Exhibit (e)(15) to Schedule 14D-9 filed November 4, 2014)

Exhibit 31.1 – Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer

Exhibit 31.2 – Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer

Exhibit 32 – Section 1350 Certifications

Exhibit 101.INS – XBRL Instance Document

Exhibit 101.SCH – XBRL Taxonomy Extension Schema Document

Exhibit 101.CAL – XBRL Taxonomy Extension Calculation Linkbase Document

Exhibit 101.DEF – XBRL Taxonomy Extension Definition Linkbase Document

Exhibit 101.PRE – XBRL Taxonomy Extension Presentation Linkbase Document

Exhibit 101.LAB – XBRL Taxonomy Extension Label Linkbase Document

* Incorporated by reference.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

CHIQUITA BRANDS INTERNATIONAL, INC.
By:	/s/ Joseph B. Johnson
	Joseph B. Johnson
	Vice President and Chief Accounting Officer

November 6, 2014

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EX-31.1

Exhibit 31.1

Certification of Chief Executive Officer

I, Edward F. Lonergan, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Chiquita Brands International, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 6, 2014	/s/ Edward F. Lonergan
	Title: Chief Executive Officer

EX-31.2

Exhibit 31.2

Certification of Chief Financial Officer

I, Rick P. Frier, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Chiquita Brands International, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 6, 2014	/s/ Rick F. Frier
	Title: Chief Financial Officer

EX-32

Exhibit 32

Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of Section 1350, Chapter 63 of Title 18, United States Code), each of the undersigned officers of Chiquita Brands International, Inc. (the "company") does hereby certify, to such officer's knowledge, that:

The Quarterly Report on Form 10-Q for the quarter ended September 30, 2014 of the company fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934 and the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the company.

Dated: November 6, 2014	/s/ Edward F. Lonergan
	Name: Edward F. Lonergan
	Title: Chief Executive Officer
Dated: November 6, 2014	/s/ Rick P. Frier
	Name: Rick P. Frier
	Title: Chief Financial Officer

XML

Earnings Per Share (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended				12 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Shares that would be added to EPS calculation if the Company had generated net income	Sep. 30, 2013 Shares that would be added to EPS calculation if the Company had generated net income	Dec. 31, 2013 Shares that would be added to EPS calculation if the Company had generated net income	Sep. 30, 2014 Stock options and other stock awards	Sep. 30, 2013 Stock options and other stock awards	Sep. 30, 2014 Stock options and other stock awards	Sep. 30, 2013 Stock options and other stock awards	Sep. 30, 2014 4.25% Convertible Senior Notes	Dec. 31, 2013 4.25% Convertible Senior Notes	Sep. 30, 2013 4.25% Convertible Senior Notes
Earnings Per Share [Abstract]
Net income (loss)	$ (17,956)	$ (17,814)	$ (24,723)	$ 15,663
Weighted average common shares outstanding (used to calculate basic EPS) (in shares)	46,981,000	46,633,000	46,915,000	46,495,000
Dilutive effect of stock options and other stock awards (in shares)	0	0	0	940,000
Weighted average common shares outstanding (used to calculate diluted EPS) (in shares)	46,981,000	46,633,000	46,915,000	47,435,000
Earnings (loss) per common share - basic (in dollars per share)	$ (0.38)	$ (0.38)	$ (0.53)	$ 0.34
Earnings (loss) per common share - diluted (in dollars per share)	$ (0.38)	$ (0.38)	$ (0.53)	$ 0.33
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares of stock options and other stock awards excluded from computation of earnings per share, amount (in shares)					1,400,000	1,200,000	1,300,000	100,000	200,000	100,000	1,300,000
Stated interest rate on debt instrument												4.25%	4.25%	4.25%
Conversion price (in dollars per share)												$ 22.45		$ 22.45

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Hedging - Derivatives Not Designated as Hedging Instruments (Details) (30-day euro forward contracts, settlement period - July 2014, USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Cost of sales
Derivative [Line Items]
(Gains) losses on 30 day euro forward contracts	$ 5,351	$ (3,288)	$ 5,610	$ (3,024)
Gains (losses) from fluctuations in the value of the net monetary assets exposed to euro exchange rates	$ (8,095)	$ 5,384	$ (12,041)	$ 332
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Term of Contract			30 days

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Debt Including Capital Lease Obligations - 4.25% Convertible Senior Notes (Details) (USD $)	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013		Dec. 31, 2013
Interest Expense, Debt [Abstract]
Amortization of discount on the debt component					$ 9,144,000		$ 8,100,000
4.25% Convertible Senior Notes
Debt Instrument [Line Items]
Stated interest rate on debt instrument	4.25%		4.25%		4.25%		4.25%		4.25%
Conversion rate of debt into equity					0.0445524000
Conversion price (in dollars per share)	$ 22.45		$ 22.45		$ 22.45		$ 22.45
Principal amount of debt component	200,000,000	[1]	200,000,000	[1]	200,000,000	[1]	200,000,000	[1]	200,000,000	[1]
Unamortized discount	(26,806,000)		(38,818,000)		(26,806,000)		(38,818,000)		(35,950,000)
Net carrying amount of debt component	173,194,000		161,182,000		173,194,000		161,182,000		164,050,000
Equity component	84,904,000		84,904,000		84,904,000		84,904,000		84,904,000
Issuance costs and income taxes	(3,210,000)		(3,210,000)		(3,210,000)		(3,210,000)		(3,210,000)
Equity component, net of issuance costs and income taxes	81,694,000		81,694,000		81,694,000		81,694,000		81,694,000
Interest Expense, Debt [Abstract]
4.25% coupon interest	2,125,000		2,125,000		6,375,000		6,375,000
Amortization of deferred financing fees	117,000		117,000		352,000		352,000
Amortization of discount on the debt component	3,141,000		2,782,000		9,144,000		8,100,000
Total interest expense related to the Convertible Notes	$ 5,383,000		$ 5,024,000		$ 15,871,000		$ 14,827,000

[1] As of September 30, 2014, December 31, 2013 and September 30, 2013, the Convertible Notes' "if-converted" value did not exceed their principal amount because our common stock price was below the conversion price of the Convertible Notes.

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Commitments and Contingencies - Colombia-Related - Tort Lawsuits (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended	1 Months Ended		46 Months Ended	9 Months Ended				37 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2007 Colombia ATS lawsuits count	Nov. 30, 2012 Colombia ATA lawsuits lawsuit	Feb. 28, 2010 Colombia ATA lawsuits lawsuit	Mar. 31, 2011 Colombia Pending litigation ATS lawsuits lawsuit	Sep. 30, 2014 Colombia Pending litigation ATS lawsuits Minimum plaintiff	Sep. 30, 2014 Colombia Pending litigation Unspecified compensatory and punitive damages and attorney's fees and costs lawsuit	Sep. 30, 2014 Colombia Pending litigation Treble damages and disgorgement of profits without explanation lawsuit	Sep. 30, 2014 Colombia Pending litigation Specific demand	Mar. 31, 2011 Colombia Pending litigation ATA lawsuits lawsuit
Loss Contingencies [Line Items]
Interest income	$ 600,000	$ 690,000	$ 1,905,000	$ 2,197,000
Number of new claims filed								9					4
Minimum number of alleged victims									6,000
Number of lawsuits plead or dismissed after the parties reached a confidential settlement agreement					1	1
Number of pending lawsuits										8	1
Specific demand for compensatory damages												10,000,000
Specific demand for punitive damages												$ 10,000,000
Number of lawsuits for which the motion to dismiss was granted in part and denied in part							1

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Hedging - Hedge Portfolio Table (Details)	Sep. 30, 2014 Average rate forward, settlement period - 2014 Designated as Hedging Instrument [Member] Average rate forward contracts USD ($)	Sep. 30, 2014 Average rate forward, settlement period - 2014 Designated as Hedging Instrument [Member] Average rate forward contracts EUR (€)	Sep. 30, 2014 Average rate forward, settlement period - 2015 Designated as Hedging Instrument [Member] Average rate forward contracts USD ($)		Sep. 30, 2014 Average rate forward, settlement period - 2015 Designated as Hedging Instrument [Member] Average rate forward contracts EUR (€)		Sep. 30, 2014 Commodity forward contract, settlement period - 2014 Designated as Hedging Instrument [Member] Bunker fuel forward contracts Mg	Sep. 30, 2014 Commodity forward contract, settlement period - 2015 Designated as Hedging Instrument [Member] Bunker fuel forward contracts Mg		Sep. 30, 2014 30-day euro forward contracts 30-day euro forward contracts, settlement period - July 2014 USD ($)	Sep. 30, 2014 30-day euro forward contracts 30-day euro forward contracts, settlement period - July 2014 EUR (€)	Sep. 30, 2013 Purchased Foreign exchange option, settlement period - 2014 Euro put option EUR (€)	Sep. 30, 2014 Purchased Foreign exchange option, settlement period - 2014 Designated as Hedging Instrument [Member] Euro put option USD ($)	Sep. 30, 2014 Purchased Foreign exchange option, settlement period - 2014 Designated as Hedging Instrument [Member] Euro put option EUR (€)	Sep. 30, 2013 Purchased Foreign exchange option, settlement period - 2015 Euro put option EUR (€)	Sep. 30, 2014 Purchased Foreign exchange option, settlement period - 2015 Designated as Hedging Instrument [Member] Euro put option USD ($)	Sep. 30, 2014 Purchased Foreign exchange option, settlement period - 2015 Designated as Hedging Instrument [Member] Euro put option EUR (€)	Sep. 30, 2013 Sold Foreign exchange option, settlement period - 2014 Euro call option EUR (€)	Sep. 30, 2014 Sold Foreign exchange option, settlement period - 2014 Designated as Hedging Instrument [Member] Euro call option USD ($)	Sep. 30, 2014 Sold Foreign exchange option, settlement period - 2014 Designated as Hedging Instrument [Member] Euro call option EUR (€)	Sep. 30, 2013 Sold Foreign exchange option, settlement period - 2015 Euro call option EUR (€)	Sep. 30, 2014 Sold Foreign exchange option, settlement period - 2015 Designated as Hedging Instrument [Member] Euro call option USD ($)	Sep. 30, 2014 Sold Foreign exchange option, settlement period - 2015 Designated as Hedging Instrument [Member] Euro call option EUR (€)
Derivative [Line Items]
Currency derivatives - Notional Amount		€ 19,000,000			€ 20,000,000	[1]					€ 54,000,000	€ 25,000,000		€ 60,000,000	€ 19,000,000		€ 147,000,000	€ 25,000,000		€ 60,000,000	€ 19,000,000		€ 147,000,000
Fuel derivatives - Notional Amount							20,640	59,800	[1]
Currency derivatives - Contract Average Rate/Price (in $ per EUR)	1.36		1.38	[1]						1.27			1.34			1.35			1.38			1.40
Fuel derivatives - Contract Average Rate/Price (in $ per mt)							588	556	[1]

[1] Settlement periods for bunker fuel forward contracts and currency derivatives are through September 2015

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Supplemental Consolidating Financial Information Condensed Statement of Cash Flows (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Operating cash flow	$ 40,671	$ 91,738
Capital expenditures	(38,836)	(36,165)
Contribution to equity-method investment	0	(13,102)
Net proceeds from sale of long-term assets	5,256	11,751
Investing activity with subsidiaries	0	0
Other, net	(3,736)	3,559
Investing cash flow	(37,316)	(33,957)
Issuances of long-term debt		429,415
Repayments of long-term debt and capital lease obligations	(11,714)	(412,646)
Borrowings under the ABL Revolver	24,000	36,590
Repayments of the ABL Revolver	(24,000)	(36,590)
Repayments of the Credit Facility Revolver	0	(40,000)
Payments for debt modification and issuance costs	(266)	(13,810)
Payments of debt extinguishment costs	(300)	0
Financing activity with subsidiaries	0	0
Financing cash flow	(12,280)	(37,041)
Increase (decrease) in cash and equivalents	(8,925)	20,740
Cash and equivalents, beginning of period	54,017	51,026
Cash and equivalents, end of period	45,092	71,766
Consolidation, Eliminations [Member]
Operating cash flow	0	0
Capital expenditures	0	0
Contribution to equity-method investment		0
Net proceeds from sale of long-term assets	0	0
Investing activity with subsidiaries	6,033	3,786
Other, net	0	0
Investing cash flow	6,033	3,786
Issuances of long-term debt		0
Repayments of long-term debt and capital lease obligations	0	0
Borrowings under the ABL Revolver	0	0
Repayments of the ABL Revolver	0	0
Repayments of the Credit Facility Revolver		0
Payments for debt modification and issuance costs	0	0
Payments of debt extinguishment costs	0
Financing activity with subsidiaries	(6,033)	(3,786)
Financing cash flow	(6,033)	(3,786)
Increase (decrease) in cash and equivalents	0	0
Cash and equivalents, beginning of period	0	0
Cash and equivalents, end of period	0	0
Parent Company [Member] | Reportable Legal Entities [Member]
Operating cash flow	0	(4,420)
Capital expenditures	0	0
Contribution to equity-method investment		0
Net proceeds from sale of long-term assets	0	1,819
Investing activity with subsidiaries	0	0
Other, net	0	0
Investing cash flow	0	1,819
Issuances of long-term debt		0
Repayments of long-term debt and capital lease obligations	0	0
Borrowings under the ABL Revolver	0	0
Repayments of the ABL Revolver	0	0
Repayments of the Credit Facility Revolver		0
Payments for debt modification and issuance costs	0	0
Payments of debt extinguishment costs	0
Financing activity with subsidiaries	0	0
Financing cash flow	0	0
Increase (decrease) in cash and equivalents	0	(2,601)
Cash and equivalents, beginning of period	0	2,601
Cash and equivalents, end of period	0	0
Subsidiary Issuer [Member] | Reportable Legal Entities [Member]
Operating cash flow	14,674	30,523
Capital expenditures	(2,689)	(1,984)
Contribution to equity-method investment		0
Net proceeds from sale of long-term assets	0	0
Investing activity with subsidiaries	(5,463)	0
Other, net	0	0
Investing cash flow	(8,152)	(1,984)
Issuances of long-term debt		429,415
Repayments of long-term debt and capital lease obligations	(11,125)	(412,425)
Borrowings under the ABL Revolver	24,000	36,590
Repayments of the ABL Revolver	(24,000)	(36,590)
Repayments of the Credit Facility Revolver		(40,000)
Payments for debt modification and issuance costs	(266)	(13,810)
Payments of debt extinguishment costs	(300)
Financing activity with subsidiaries	0	3,698
Financing cash flow	(11,691)	(33,122)
Increase (decrease) in cash and equivalents	(5,169)	(4,583)
Cash and equivalents, beginning of period	15,851	12,704
Cash and equivalents, end of period	10,682	8,121
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Operating cash flow	3,243	11,469
Capital expenditures	(8,748)	(14,751)
Contribution to equity-method investment		0
Net proceeds from sale of long-term assets	1,167	7,222
Investing activity with subsidiaries	(570)	(3,786)
Other, net	0	0
Investing cash flow	(8,151)	(11,315)
Issuances of long-term debt		0
Repayments of long-term debt and capital lease obligations	(555)	(154)
Borrowings under the ABL Revolver	0	0
Repayments of the ABL Revolver	0	0
Repayments of the Credit Facility Revolver		0
Payments for debt modification and issuance costs	0	0
Payments of debt extinguishment costs	0
Financing activity with subsidiaries	5,463	0
Financing cash flow	4,908	(154)
Increase (decrease) in cash and equivalents	0	0
Cash and equivalents, beginning of period	0	0
Cash and equivalents, end of period	0	0
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Operating cash flow	22,754	54,166
Capital expenditures	(27,399)	(19,430)
Contribution to equity-method investment		(13,102)
Net proceeds from sale of long-term assets	4,089	2,710
Investing activity with subsidiaries	0	0
Other, net	(3,736)	3,559
Investing cash flow	(27,046)	(26,263)
Issuances of long-term debt		0
Repayments of long-term debt and capital lease obligations	(34)	(67)
Borrowings under the ABL Revolver	0	0
Repayments of the ABL Revolver	0	0
Repayments of the Credit Facility Revolver		0
Payments for debt modification and issuance costs	0	0
Payments of debt extinguishment costs	0
Financing activity with subsidiaries	570	88
Financing cash flow	536	21
Increase (decrease) in cash and equivalents	(3,756)	27,924
Cash and equivalents, beginning of period	38,166	35,721
Cash and equivalents, end of period	$ 34,410	$ 63,645

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Debt Including Capital Lease Obligations - Carrying and Estimated Fair Value Table (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013		Sep. 30, 2013
Debt Instrument [Line Items]
Capital Lease Obligations	$ 42,142	[1]	$ 39,025	[1]	$ 32,171	[1]
Estimated Fair Value - Capital lease obligations	42,000	[1],[2]	39,000	[1],[2]	32,000	[1],[2]
Less current portion	(4,648)		(2,271)		(2,191)
Total long-term debt and capital lease obligations	634,882		629,353		620,012
4.25% Convertible Senior Notes
Debt Instrument [Line Items]
Carrying Value	173,194		164,050		161,182
Estimated Fair Value	200,000	[2]	194,000	[2]	196,000	[2]
Other debt [Member]
Debt Instrument [Line Items]
Carrying Value	6,541
Estimated Fair Value	6,000	[2]
Senior Secured Notes, 7 Point 875 Percent, Due 2021 [Member] | Senior notes
Debt Instrument [Line Items]
Carrying Value	412,403		422,174		422,100
Estimated Fair Value	449,000	[2]	459,000	[2]	453,000	[2]
ABL Credit Facility, Term Loan [Member] | ABL Term Loan
Debt Instrument [Line Items]
Carrying Value	5,250		6,375		6,750
Estimated Fair Value	$ 5,000	[2]	$ 6,000	[2]	$ 6,000	[2]

[1] Capital lease obligations include the borrowings for the salad production and warehousing facility in the Midwest. See further description of the build-to-suit lease below

[2] The fair value of the senior notes is based on observable inputs, which include quoted prices for similar assets or liabilities in an active market and market-corroborated inputs (Level 2). All other debt may be traded on the secondary loan market, and the fair value is based on either the last available trading price, if recent, or trading prices of comparable debt (Level 3). See Note 8 for further discussion of fair value.

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Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2014

1998-2000 cases

Loss Contingencies [Line Items]

Schedule of Loss Contingencies by Contingency

A summary of claims and deposits paid as of September 30, 2014 is as follows:

	Claim (In millions)	Interest and Penalties Claimed (In millions)	Total Claim (In millions)	Deposits Paid Pending Appeal (In millions)
Trento	€3.3	€3.3	€6.6	€6.6	Following the decisions in Trento, Chiquita Italia is entitled to claim reimbursement of approximately €5.5 million of the deposited amounts plus interest (or to apply to deposit requirements in other matters).
Alessandria	€0.3	€0.2	€0.5	€0.5	Deposits paid in 36 equal installments ended March 2012.
Aosta	€1.2	€1.2	€2.4	€2.3	Monthly deposit payments of €34 thousand began in November 2012. In December 2013 €589 thousand was applied from the Tax assessment of 2004 payments.
Genoa (Resolved favorably)	€7.4	€1.0	€8.4	€0.0	Following the decision in Genoa in favor of Chiquita Italia, Chiquita Italia was entitled to claim reimbursement of deposited amounts plus interest. The deposited amounts (€1.6 million) have been used to offset deposit requirements in the Customs Tax Assessment for 2004/2005.

2004 - 2005 cases

Loss Contingencies [Line Items]

Schedule of Loss Contingencies by Contingency

A summary of assessments and deposits paid is as follows:

	Assessment (In millions)	Interest and Penalties Assessed (In millions)	Total Assessment (In millions)	Deposits Paid Pending Appeal (In millions)
Income Tax Assessment for 2004/2005	€12.0	€19.1	€31.1	€0.9	Monthly deposit payments of €113 thousand began in March 2012. The appeals court ruled in favor of Chiquita Italia in October 2012 for the 2004 assessments and a significant portion of the 2005 assessments have been withdrawn. The company has requested relief from these payments and reimbursement.
Customs Tax Assessment for 2004/2005	€19.4	€10.2	€29.6	€16.7	Monthly deposit payments of €350 thousand began in September 2011 and will continue through September 2017, unless a successful appeals process is completed sooner. In June 2014 we received an additional assessment for a total value of €1.2M, for which a full deposit was made.

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Commitments and Contingencies - Consumption Tax Refunds (Details) (Salerno) In Millions, unless otherwise specified	Jan. 01, 2012 USD ($)	Jan. 01, 2012 EUR (€)
Gain Contingencies [Line Items]
Other Liabilities	$ 26	€ 20

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Hedging - Deferred Net Gains (Losses) in AOCI Expected to Be Reclassed into Income (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred, Year One	$ 5,315
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred, Year Two	12,588
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred	17,903
Cash flow hedging instruments | Currency Hedge Portfolio
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred, Year One	6,609
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred, Year Two	14,470
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred	21,079
Cash flow hedging instruments | Bunker Fuel Forward Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred, Year One	(1,294)
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred, Year Two	(1,882)
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred	$ (3,176)

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Supplemental Consolidating Financial Information Condensed Statement of Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net sales	$ 738,551	$ 723,062		$ 2,326,388	$ 2,309,485
Cost of sales	663,536	645,170		2,065,095	2,017,667
Selling, general and administrative	53,658	60,966		162,544	177,227
Transaction costs	8,235	0		16,907	0
Depreciation	12,323	13,435		38,911	40,517
Amortization	2,342	2,342		7,025	7,025
Equity in earnings of investees	(105)	0		(437)	(72)
Restructuring and relocation costs	0	(4)		460	254
Operating income	(1,438)	1,153		35,883	66,867
Interest income	600	690		1,905	2,197
Interest expense	(15,564)	(15,356)		(46,331)	(44,698)
Loss on debt extinguishment	0	0		(521)	(6,275)
Other income (expense), net	(1,036)	(501)		(5,172)	1,622
Income before income taxes	(17,438)	(14,014)		(14,236)	19,713
Income tax benefit (expense)	(518)	(3,800)	3,000	(10,487)	(4,050)
Net income (loss)	(17,956)	(17,814)		(24,723)	15,663
Consolidation, Eliminations [Member]
Net sales	(242,276)	(226,950)		(740,810)	(688,074)
Cost of sales	(242,280)	(226,965)		(740,404)	(688,070)
Selling, general and administrative	0	0		0	0
Transaction costs	0			0
Depreciation	0	0		0	0
Amortization	0	0		0	0
Equity in earnings of investees	15,421	(10,342)		100,703	153,595
Restructuring and relocation costs		0		0	0
Operating income	(15,417)	(10,327)		(101,109)	(153,599)
Interest income	0	0		0	0
Interest expense	0	0		0	0
Loss on debt extinguishment				0	0
Other income (expense), net	(4)	(15)		406	4
Income before income taxes	(15,421)	(10,342)		(100,703)	(153,595)
Income tax benefit (expense)	1,594	2,351		13,171	5,923
Net income (loss)	(13,827)	(7,991)		(87,532)	(147,672)
Parent Company [Member] | Reportable Legal Entities [Member]
Net sales	0	0		0	0
Cost of sales	0	0		0	0
Selling, general and administrative	9,788	12,446		24,816	31,851
Transaction costs	8,235			16,907
Depreciation	0	0		0	0
Amortization	0	0		0	0
Equity in earnings of investees	(6,134)	3,448		(43,502)	(67,760)
Restructuring and relocation costs		(15)		460	(15)
Operating income	(11,889)	(8,983)		1,319	35,924
Interest income	0	0		0	0
Interest expense	(5,549)	(5,031)		(16,136)	(16,405)
Loss on debt extinguishment				0	(843)
Other income (expense), net	0	0		581	1,037
Income before income taxes	(17,438)	(14,014)		(14,236)	19,713
Income tax benefit (expense)	(518)	(3,800)		(10,487)	(4,050)
Net income (loss)	(17,956)	(17,814)		(24,723)	15,663
Subsidiary Issuer [Member] | Reportable Legal Entities [Member]
Net sales	217,299	200,307		651,515	587,278
Cost of sales	205,854	190,790		625,157	557,444
Selling, general and administrative	4,193	1,955		12,704	10,696
Transaction costs	0			0
Depreciation	1,219	1,140		3,589	3,599
Amortization	0	0		0	0
Equity in earnings of investees	(9,576)	6,878		(61,741)	(85,792)
Restructuring and relocation costs		111		0	264
Operating income	15,609	13,189		71,806	101,067
Interest income	0	1		2	12
Interest expense	(9,162)	(9,743)		(27,568)	(27,563)
Loss on debt extinguishment				(521)	(5,432)
Other income (expense), net	(313)	1		(217)	(324)
Income before income taxes	6,134	3,448		43,502	67,760
Income tax benefit (expense)	792	(3,249)		(5,620)	(2,643)
Net income (loss)	6,926	199		37,882	65,117
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Net sales	299,667	302,625		911,465	939,662
Cost of sales	265,903	271,950		805,599	835,099
Selling, general and administrative	20,378	23,775		64,194	67,203
Transaction costs	0			0
Depreciation	6,212	6,741		19,230	20,397
Amortization	2,335	2,336		7,006	7,007
Equity in earnings of investees	289	16		4,540	(43)
Restructuring and relocation costs		(100)		0	8
Operating income	4,550	(2,061)		10,896	9,991
Interest income	(1)	26		33	128
Interest expense	(724)	(576)		(2,291)	(701)
Loss on debt extinguishment				0	0
Other income (expense), net	602	85		235	250
Income before income taxes	4,427	(2,526)		8,873	9,668
Income tax benefit (expense)	(1,752)	1,289		(3,512)	(3,547)
Net income (loss)	2,675	(1,237)		5,361	6,121
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Net sales	463,861	447,080		1,504,218	1,470,619
Cost of sales	434,059	409,395		1,374,743	1,313,194
Selling, general and administrative	19,299	22,790		60,830	67,477
Transaction costs	0			0
Depreciation	4,892	5,554		16,092	16,521
Amortization	7	6		19	18
Equity in earnings of investees	(105)	0		(437)	(72)
Restructuring and relocation costs		0		0	(3)
Operating income	5,709	9,335		52,971	73,484
Interest income	601	663		1,870	2,057
Interest expense	(129)	(6)		(336)	(29)
Loss on debt extinguishment				0	0
Other income (expense), net	(1,321)	(572)		(6,177)	655
Income before income taxes	4,860	9,420		48,328	76,167
Income tax benefit (expense)	(634)	(391)		(4,039)	267
Net income (loss)	$ 4,226	$ 9,029		$ 44,289	$ 76,434

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Supplemental Consolidating Financial Information Condensed Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013		Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2012
Immaterial Error Correction	0.01
Cash and equivalents	$ 54,017		$ 45,092	$ 71,766	$ 51,026
Trade receivables, less allowances	252,068		248,617	269,892
Other receivables, net	56,273		68,168	66,602
Inventories	210,564		208,931	234,783
Prepaid expenses	49,733		42,393	47,170
Due from affiliates	0	[1]	0	0
Other current assets	6,540		25,392	17,463
Total current assets	629,195		638,593	707,676
Property, plant and equipment, net	390,773		400,360	392,884
Investments and other assets, net	108,077		106,439	88,989
Trademarks	426,085		426,085	426,085
Goodwill	18,095		18,095	18,095
Other intangible assets, net	86,913		79,887	89,254
Investments In, And Accounts With, Subsidiaries	0		0	0
Total assets	1,659,138		1,669,459	1,722,983
Current portion of long-term debt and capital lease obligations	2,271		4,648	2,191
Accounts payable	248,273		248,730	283,641
Accrued liabilities	158,034	[1]	155,640	148,346
Due to affiliates	0	[1]	0	0
Total current liabilities	408,578		409,018	434,178
Long-term debt and capital lease obligations, net of current portion	629,353		634,882	620,012
Accrued pension and other employee benefits	77,066		81,394	82,295
Deferred gain - sale of shipping fleet	6,290		0	9,823
Deferred tax liabilities	103,679		107,318	111,942
Other liabilities	59,734		58,764	70,424
Total liabilities	1,284,700		1,291,376	1,328,674
Commitments and contingencies	0		0	0
Total shareholders' equity	374,438		378,083	394,309
Total liabilities and shareholders' equity	1,659,138		1,669,459	1,722,983
Consolidation, Eliminations [Member]
Cash and equivalents	0		0	0	0
Trade receivables, less allowances	0		0	0
Other receivables, net	0		(577)	0
Inventories	0		0	0
Prepaid expenses	0		0	0
Due from affiliates	(3,892,575)	[1]	(4,362,055)	(3,802,318)
Other current assets	(8,964)		(8,800)	(9,830)
Total current assets	(3,901,539)		(4,371,432)	(3,812,148)
Property, plant and equipment, net	0		0	0
Investments and other assets, net	(5,778)		(6,437)	(13,171)
Trademarks	0		0	0
Goodwill	0		0	0
Other intangible assets, net	0		0	0
Investments In, And Accounts With, Subsidiaries	(2,478,986)		(2,621,859)	(2,455,405)
Total assets	(6,386,303)		(6,999,728)	(6,280,724)
Current portion of long-term debt and capital lease obligations	0		0	0
Accounts payable	0		0	0
Accrued liabilities	(8,964)	[1]	(9,377)	(9,830)
Due to affiliates	(3,892,575)	[1]	(4,362,055)	(3,802,318)
Total current liabilities	(3,901,539)		(4,371,432)	(3,812,148)
Long-term debt and capital lease obligations, net of current portion	0		0	0
Accrued pension and other employee benefits	0		0	0
Deferred gain - sale of shipping fleet	0			0
Deferred tax liabilities	(5,778)		(6,437)	(13,171)
Other liabilities	0		0	0
Total liabilities	(3,907,317)		(4,377,869)	(3,825,319)
Commitments and contingencies	0		0	0
Total shareholders' equity	(2,478,986)		(2,621,859)	(2,455,405)
Total liabilities and shareholders' equity	(6,386,303)		(6,999,728)	(6,280,724)
Parent Company [Member] | Reportable Legal Entities [Member]
Cash and equivalents	0		0	0	2,601
Trade receivables, less allowances	0		0	0
Other receivables, net	1,061		0	0
Inventories	0		0	0
Prepaid expenses	1,024		438	664
Due from affiliates	71,604	[1]	58,317	90,543
Other current assets	0		0	0
Total current assets	73,689		58,755	91,207
Property, plant and equipment, net	0		0	0
Investments and other assets, net	20,999		21,795	15,245
Trademarks	0		0	0
Goodwill	0		0	0
Other intangible assets, net	0		0	0
Investments In, And Accounts With, Subsidiaries	1,402,089		1,465,047	1,388,598
Total assets	1,496,777		1,545,597	1,495,050
Current portion of long-term debt and capital lease obligations	0		0	0
Accounts payable	1,126		8,533	1,536
Accrued liabilities	36,511	[1]	30,386	25,657
Due to affiliates	903,865	[1]	936,986	895,730
Total current liabilities	941,502		975,905	922,923
Long-term debt and capital lease obligations, net of current portion	164,050		173,194	161,182
Accrued pension and other employee benefits	15,223		14,665	15,016
Deferred gain - sale of shipping fleet	0			0
Deferred tax liabilities	115		244	115
Other liabilities	1,449		3,506	1,505
Total liabilities	1,122,339		1,167,514	1,100,741
Commitments and contingencies	0		0	0
Total shareholders' equity	374,438		378,083	394,309
Total liabilities and shareholders' equity	1,496,777		1,545,597	1,495,050
Subsidiary Issuer [Member] | Reportable Legal Entities [Member]
Cash and equivalents	15,851		10,682	8,121	12,704
Trade receivables, less allowances	49,325		54,729	50,964
Other receivables, net	402		2,066	808
Inventories	15,567		10,702	9,814
Prepaid expenses	3,661		5,095	2,591
Due from affiliates	2,060,284	[1]	2,244,947	2,022,139
Other current assets	2,751		21,672	0
Total current assets	2,147,841		2,349,893	2,094,437
Property, plant and equipment, net	20,258		16,808	21,211
Investments and other assets, net	13,994		11,769	27,077
Trademarks	208,085		208,085	208,085
Goodwill	0		0	0
Other intangible assets, net	0		0	0
Investments In, And Accounts With, Subsidiaries	1,073,711		1,155,566	1,063,602
Total assets	3,463,889		3,742,121	3,414,412
Current portion of long-term debt and capital lease obligations	1,500		1,500	1,500
Accounts payable	8,150		5,558	6,011
Accrued liabilities	27,420	[1]	14,319	34,674
Due to affiliates	1,520,539	[1]	1,761,741	1,460,459
Total current liabilities	1,557,609		1,783,118	1,502,644
Long-term debt and capital lease obligations, net of current portion	427,049		416,153	427,453
Accrued pension and other employee benefits	2,818		2,760	7,363
Deferred gain - sale of shipping fleet	0			0
Deferred tax liabilities	66,142		66,987	79,701
Other liabilities	8,182		8,056	8,653
Total liabilities	2,061,800		2,277,074	2,025,814
Commitments and contingencies	0		0	0
Total shareholders' equity	1,402,089		1,465,047	1,388,598
Total liabilities and shareholders' equity	3,463,889		3,742,121	3,414,412
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Cash and equivalents	0		0	0	0
Trade receivables, less allowances	51,189		54,525	59,197
Other receivables, net	5,140		5,412	5,161
Inventories	34,831		30,246	40,373
Prepaid expenses	11,040		8,144	8,637
Due from affiliates	1,270,479	[1]	1,481,248	1,216,321
Other current assets	12,753		12,520	17,096
Total current assets	1,385,432		1,592,095	1,346,785
Property, plant and equipment, net	201,346		195,940	205,755
Investments and other assets, net	3,644		4,196	2,393
Trademarks	38,500		38,500	38,500
Goodwill	18,095		18,095	18,095
Other intangible assets, net	86,853		79,846	89,189
Investments In, And Accounts With, Subsidiaries	3,186		1,246	3,205
Total assets	1,737,056		1,929,918	1,703,922
Current portion of long-term debt and capital lease obligations	726		1,662	639
Accounts payable	89,352		92,875	101,442
Accrued liabilities	57,984	[1]	66,468	53,633
Due to affiliates	1,122,258	[1]	1,286,745	1,075,060
Total current liabilities	1,270,320		1,447,750	1,230,774
Long-term debt and capital lease obligations, net of current portion	38,147		40,373	31,264
Accrued pension and other employee benefits	0		4	0
Deferred gain - sale of shipping fleet	0			0
Deferred tax liabilities	42,539		46,524	39,415
Other liabilities	8,885		9,619	19,168
Total liabilities	1,359,891		1,544,270	1,320,621
Commitments and contingencies	0		0	0
Total shareholders' equity	377,165		385,648	383,301
Total liabilities and shareholders' equity	1,737,056		1,929,918	1,703,922
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Cash and equivalents	38,166		34,410	63,645	35,721
Trade receivables, less allowances	151,554		139,363	159,731
Other receivables, net	49,670		61,267	60,633
Inventories	160,166		167,983	184,596
Prepaid expenses	34,008		28,716	35,278
Due from affiliates	490,208	[1]	577,543	473,315
Other current assets	0		0	10,197
Total current assets	923,772		1,009,282	987,395
Property, plant and equipment, net	169,169		187,612	165,918
Investments and other assets, net	75,218		75,116	57,445
Trademarks	179,500		179,500	179,500
Goodwill	0		0	0
Other intangible assets, net	60		41	65
Investments In, And Accounts With, Subsidiaries	0		0	0
Total assets	1,347,719		1,451,551	1,390,323
Current portion of long-term debt and capital lease obligations	45		1,486	52
Accounts payable	149,645		141,764	174,652
Accrued liabilities	45,083	[1]	53,844	44,212
Due to affiliates	345,913	[1]	376,583	371,069
Total current liabilities	540,686		573,677	589,985
Long-term debt and capital lease obligations, net of current portion	107		5,162	113
Accrued pension and other employee benefits	59,025		63,965	59,916
Deferred gain - sale of shipping fleet	6,290			9,823
Deferred tax liabilities	661		0	5,882
Other liabilities	41,218		37,583	41,098
Total liabilities	647,987		680,387	706,817
Commitments and contingencies	0		0	0
Total shareholders' equity	699,732		771,164	683,506
Total liabilities and shareholders' equity	$ 1,347,719		$ 1,451,551	$ 1,390,323

[1] We revised the December 31, 2013 condensed consolidating balance sheet presented above to correct for items of classification between CBII and CBLLC, the Co-Issuers. These classification items affected the line items indicated in amounts representing less than 1% of both total assets and total liabilities of CBII and CBLLC

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Commitments and Contingencies - Colombia-Related Matters - Insurance Recovery (Details) (USD $)	3 Months Ended		9 Months Ended		3 Months Ended	9 Months Ended	12 Months Ended		1 Months Ended		3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013 Colombia Insurance recovery coverage suit insurer	Sep. 30, 2014 Colombia Insurance recovery coverage suit	Dec. 31, 2008 Colombia Insurance recovery coverage suit insurer	Dec. 31, 2009 Colombia Insurance recovery coverage suit insurer	Jun. 30, 2013 Colombia Two insurers who had been placed in liquidation insurer	Dec. 31, 2009 Colombia Two insurers who had been placed in liquidation	Sep. 30, 2014 Colombia Defendant seeking a declaratory judgment relieving coverage obligation insurer	Dec. 31, 2009 Colombia Defendant seeking a declaratory judgment relieving coverage obligation
Gain Contingencies [Line Items]
Initial number of primary general liability insurers involved in coverage suit					1		3		2		1
Number of primary insurers with which the company reached settlement agreements								3
Percent of defense costs in the ATA and ATS lawsuits to be paid by primary insurers								40.00%		1.00%		40.00%
Expense reimbursement received to date which is deferred in Other liabilities						$ 12,000,000
Interest income	$ 600,000	$ 690,000	$ 1,905,000	$ 2,197,000		$ 1,000,000

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Inventories (Tables)

9 Months Ended

Sep. 30, 2014

Inventory, Net [Abstract]

Schedule of Inventory, Current

Inventories consist of the following:

(In thousands)	September 30, 2014		December 31, 2013		September 30, 2013
Finished goods	$	69,244	$	69,450	$	79,706
Growing crops	73,068		74,985		79,899
Raw materials, supplies and other	66,619		66,129		75,178
	$	208,931	$	210,564	$	234,783

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Debt Including Capital Lease Obligations - Build-to-suit Lease (Details) (USD $)							1 Months Ended
	Sep. 30, 2014		Dec. 31, 2013		Sep. 30, 2013		Jun. 30, 2012 Midwest [Member] Salad production and warehousing facility renewal_option	Mar. 31, 2014 Midwest [Member] Salad production and warehousing facility	Sep. 30, 2014 Midwest [Member] Warehouse In Service [Member] Long-term Debt [Member]	Dec. 31, 2013 Midwest [Member] Warehouse In Service [Member] Long-term Debt [Member]	Sep. 30, 2013 Midwest [Member] Warehouse In Service [Member] Long-term Debt [Member]
Capital Leased Assets [Line Items]
Capital Lease Obligations, Current									$ 1,000,000	$ 1,000,000	$ 1,000,000
Lease term							20 years
Number of lease extensions							2
Lease extension term							5 years
Lessee Leasing Arrangements, Capital Leases, Discount Rate								6.30%
Carrying Value - Capital lease obligations	$ 42,142,000	[1]	$ 39,025,000	[1]	$ 32,171,000	[1]			$ 42,000,000	$ 38,000,000	$ 38,000,000

[1] Capital lease obligations include the borrowings for the salad production and warehousing facility in the Midwest. See further description of the build-to-suit lease below

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Trade and Finance Receivables - Trade Receivables (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended						12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014 Iranian customers	Dec. 31, 2013 Iranian customers	Sep. 30, 2013 Iranian customers	Dec. 31, 2013 Iranian customers Customer not able to find acceptable methods of payment	Dec. 31, 2012 Iranian customers Customer not able to find acceptable methods of payment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables, less allowances with Iranian customers	$ 248,617	$ 269,892	$ 252,068	$ 9,000	$ 17,000	$ 17,000
Trade receivables reserved amounts related to customers	$ 5,085	$ 3,141					$ 2,000	$ 9,000

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Supplemental Consolidating Financial Information Condensed Statement of Comprehensive Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net income (loss)	$ (17,956)	$ (17,814)	$ (24,723)	$ 15,663
Unrealized foreign currency translation gains	1	(753)	16	(381)
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0	(252)	0
Net other comprehensive income (loss) related to foreign currency translation	1	(753)	268	(381)
Change in fair value of available-for-sale investment	0	0	0	157
Realized gains of available-for-sale investment reclassified into Other income (expense), net	0	0	0	(561)
Net other comprehensive income (loss) related to available-for-sale investment	0	0	0	(404)
Unrealized gains (losses) on derivatives for the period	19,072	(6,183)	22,467	(8,308)
Derivative (gains) losses reclassified into Net sales	(1,543)	6,114	504	21,328
Derivative (gains) losses reclassified into Cost of sales	822	(2,277)	586	(7,267)
Net other comprehensive income (loss) related to derivatives	18,351	(2,346)	23,557	5,753
Actuarial gains (losses) for the period, net of tax	0	(42)	(905)	(1,448)
Amortization included in pension cost	297	342	893	1,018
Net other comprehensive income (loss) related to defined benefit pension and severance plans	297	300	(12)	(430)
Other comprehensive income (loss)of investments in subsidiaries	0	0	0	0
Comprehensive income (loss)	693	(20,613)	(910)	20,201
Reportable Legal Entities [Member] | Parent Company [Member]
Net income (loss)	(17,956)	(17,814)	(24,723)	15,663
Unrealized foreign currency translation gains	0	0	0	0
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0	0	0
Net other comprehensive income (loss) related to foreign currency translation	0	0	0	0
Change in fair value of available-for-sale investment				157
Realized gains of available-for-sale investment reclassified into Other income (expense), net				(561)
Net other comprehensive income (loss) related to available-for-sale investment				(404)
Unrealized gains (losses) on derivatives for the period	0	0	0	0
Derivative (gains) losses reclassified into Net sales	0	0	0	0
Derivative (gains) losses reclassified into Cost of sales	0	0	0	0
Net other comprehensive income (loss) related to derivatives	0	0	0	0
Actuarial gains (losses) for the period, net of tax	0	0	0	0
Amortization included in pension cost	0	0	0	0
Net other comprehensive income (loss) related to defined benefit pension and severance plans	0	0	0	0
Other comprehensive income (loss)of investments in subsidiaries	18,649	(2,799)	23,813	4,942
Comprehensive income (loss)	693	(20,613)	(910)	20,201
Reportable Legal Entities [Member] | Subsidiary Issuer [Member]
Net income (loss)	6,926	199	37,882	65,117
Unrealized foreign currency translation gains	0	0	0	0
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0	0	0
Net other comprehensive income (loss) related to foreign currency translation	0	0	0	0
Change in fair value of available-for-sale investment				0
Realized gains of available-for-sale investment reclassified into Other income (expense), net				0
Net other comprehensive income (loss) related to available-for-sale investment				0
Unrealized gains (losses) on derivatives for the period	0	0	0	0
Derivative (gains) losses reclassified into Net sales	0	0	0	0
Derivative (gains) losses reclassified into Cost of sales	0	0	0	0
Net other comprehensive income (loss) related to derivatives	0	0	0	0
Actuarial gains (losses) for the period, net of tax	1	0	(564)	841
Amortization included in pension cost	102	124	308	372
Net other comprehensive income (loss) related to defined benefit pension and severance plans	103	124	(256)	1,213
Other comprehensive income (loss)of investments in subsidiaries	18,546	(2,923)	24,069	3,729
Comprehensive income (loss)	25,575	(2,600)	61,695	70,059
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Net income (loss)	2,675	(1,237)	5,361	6,121
Unrealized foreign currency translation gains	0	0	0	0
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0	0	0
Net other comprehensive income (loss) related to foreign currency translation	0	0	0	0
Change in fair value of available-for-sale investment				0
Realized gains of available-for-sale investment reclassified into Other income (expense), net				0
Net other comprehensive income (loss) related to available-for-sale investment				0
Unrealized gains (losses) on derivatives for the period	0	0	0	0
Derivative (gains) losses reclassified into Net sales	0	0	0	0
Derivative (gains) losses reclassified into Cost of sales	0	0	0	0
Net other comprehensive income (loss) related to derivatives	0	0	0	0
Actuarial gains (losses) for the period, net of tax	0	0	0	0
Amortization included in pension cost	0	0	0	0
Net other comprehensive income (loss) related to defined benefit pension and severance plans	0	0	0	0
Other comprehensive income (loss)of investments in subsidiaries	0	0	0	0
Comprehensive income (loss)	2,675	(1,237)	5,361	6,121
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Net income (loss)	4,226	9,029	44,289	76,434
Unrealized foreign currency translation gains	1	(753)	16	(381)
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0	(252)	0
Net other comprehensive income (loss) related to foreign currency translation	1	(753)	268	(381)
Change in fair value of available-for-sale investment				0
Realized gains of available-for-sale investment reclassified into Other income (expense), net				0
Net other comprehensive income (loss) related to available-for-sale investment				0
Unrealized gains (losses) on derivatives for the period	19,072	(6,183)	22,467	(8,308)
Derivative (gains) losses reclassified into Net sales	(1,543)	6,114	504	21,328
Derivative (gains) losses reclassified into Cost of sales	822	(2,277)	586	(7,267)
Net other comprehensive income (loss) related to derivatives	18,351	(2,346)	23,557	5,753
Actuarial gains (losses) for the period, net of tax	(1)	(42)	(341)	(2,289)
Amortization included in pension cost	195	218	585	646
Net other comprehensive income (loss) related to defined benefit pension and severance plans	194	176	244	(1,643)
Other comprehensive income (loss)of investments in subsidiaries	0	0	0	0
Comprehensive income (loss)	22,772	6,106	68,358	80,163
Consolidation, Eliminations [Member]
Net income (loss)	(13,827)	(7,991)	(87,532)	(147,672)
Unrealized foreign currency translation gains	0	0	0	0
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0	0	0
Net other comprehensive income (loss) related to foreign currency translation	0	0	0	0
Change in fair value of available-for-sale investment				0
Realized gains of available-for-sale investment reclassified into Other income (expense), net				0
Net other comprehensive income (loss) related to available-for-sale investment				0
Unrealized gains (losses) on derivatives for the period	0	0	0	0
Derivative (gains) losses reclassified into Net sales	0	0	0	0
Derivative (gains) losses reclassified into Cost of sales	0	0	0	0
Net other comprehensive income (loss) related to derivatives	0	0	0	0
Actuarial gains (losses) for the period, net of tax	0	0	0	0
Amortization included in pension cost	0	0	0	0
Net other comprehensive income (loss) related to defined benefit pension and severance plans	0	0	0	0
Other comprehensive income (loss)of investments in subsidiaries	(37,195)	5,722	(47,882)	(8,671)
Comprehensive income (loss)	$ (51,022)	$ (2,269)	$ (135,414)	$ (156,343)

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Supplemental Consolidating Financial Information Condensed Balance Sheet (Tables)

9 Months Ended

Sep. 30, 2014

Condensed Balance Sheet [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
September 30, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	10,682	$	—	$	34,410	$	—		$	45,092
Trade receivables, less allowances	—		54,729		54,525		139,363		—			248,617
Other receivables, net	—		2,066		5,412		61,267		(577		)	68,168
Inventories	—		10,702		30,246		167,983		—			208,931
Prepaid expenses	438		5,095		8,144		28,716		—			42,393
Due from affiliates	58,317		2,244,947		1,481,248		577,543		(4,362,055		)	—
Other current assets	—		21,672		12,520		—		(8,800		)	25,392
Total current assets	58,755		2,349,893		1,592,095		1,009,282		(4,371,432		)	638,593
Property, plant and equipment, net	—		16,808		195,940		187,612		—			400,360
Investments and other assets, net	21,795		11,769		4,196		75,116		(6,437		)	106,439
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		79,846		41		—			79,887
Investments in and accounts with subsidiaries	1,465,047		1,155,566		1,246		—		(2,621,859		)	—
Total assets	$	1,545,597	$	3,742,121	$	1,929,918	$	1,451,551	$	(6,999,728	)	$	1,669,459
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,662	$	1,486	$	—		$	4,648
Accounts payable	8,533		5,558		92,875		141,764		—			248,730
Accrued liabilities	30,386		14,319		66,468		53,844		(9,377		)	155,640
Due to affiliates	936,986		1,761,741		1,286,745		376,583		(4,362,055		)	—
Total current liabilities	975,905		1,783,118		1,447,750		573,677		(4,371,432		)	409,018
Long-term debt and capital lease obligations, net of current portion	173,194		416,153		40,373		5,162		—			634,882
Accrued pension and other employee benefits	14,665		2,760		4		63,965		—			81,394
Deferred tax liabilities	244		66,987		46,524		—		(6,437		)	107,318
Other liabilities	3,506		8,056		9,619		37,583		—			58,764
Total liabilities	1,167,514		2,277,074		1,544,270		680,387		(4,377,869		)	1,291,376
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	378,083		1,465,047		385,648		771,164		(2,621,859		)	378,083
Total liabilities and shareholders' equity	$	1,545,597	$	3,742,121	$	1,929,918	$	1,451,551	$	(6,999,728	)	$	1,669,459

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet
December 31, 2013
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	15,851	$	—	$	38,166	$	—		$	54,017
Trade receivables, less allowances	—		49,325		51,189		151,554		—			252,068
Other receivables, net	1,061		402		5,140		49,670		—			56,273
Inventories	—		15,567		34,831		160,166		—			210,564
Prepaid expenses	1,024		3,661		11,040		34,008		—			49,733
Due from affiliates1	71,604		2,060,284		1,270,479		490,208		(3,892,575		)	—
Other current assets	—		2,751		12,753		—		(8,964		)	6,540
Total current assets	73,689		2,147,841		1,385,432		923,772		(3,901,539		)	629,195
Property, plant and equipment, net	—		20,258		201,346		169,169		—			390,773
Investments and other assets, net1	20,999		13,994		3,644		75,218		(5,778		)	108,077
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		86,853		60		—			86,913
Investments in and accounts with subsidiaries	1,402,089		1,073,711		3,186		—		(2,478,986		)	—
Total assets	$	1,496,777	$	3,463,889	$	1,737,056	$	1,347,719	$	(6,386,303	)	$	1,659,138
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	726	$	45	$	—		$	2,271
Accounts payable	1,126		8,150		89,352		149,645		—			248,273
Accrued liabilities1	36,511		27,420		57,984		45,083		(8,964		)	158,034
Due to affiliates1	903,865		1,520,539		1,122,258		345,913		(3,892,575		)	—
Total current liabilities	941,502		1,557,609		1,270,320		540,686		(3,901,539		)	408,578
Long-term debt and capital lease obligations, net of current portion	164,050		427,049		38,147		107		—			629,353
Accrued pension and other employee benefits	15,223		2,818		—		59,025		—			77,066
Deferred gain - sale of shipping fleet	—		—		—		6,290		—			6,290
Deferred tax liabilities	115		66,142		42,539		661		(5,778		)	103,679
Other liabilities	1,449		8,182		8,885		41,218		—			59,734
Total liabilities	1,122,339		2,061,800		1,359,891		647,987		(3,907,317		)	1,284,700
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	374,438		1,402,089		377,165		699,732		(2,478,986		)	374,438
Total liabilities and shareholders' equity	$	1,496,777	$	3,463,889	$	1,737,056	$	1,347,719	$	(6,386,303	)	$	1,659,138

^1.  We revised the December 31, 2013 condensed consolidating balance sheet presented above to correct for items of classification between CBII and CBLLC, the Co-Issuers. These classification items affected the line items indicated in amounts representing less than 1% of both total assets and total liabilities of CBII and CBLLC.

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
September 30, 2013
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	8,121	$	—	$	63,645	$	—		$	71,766
Trade receivables, less allowances	—		50,964		59,197		159,731		—			269,892
Other receivables, net	—		808		5,161		60,633		—			66,602
Inventories	—		9,814		40,373		184,596		—			234,783
Prepaid expenses	664		2,591		8,637		35,278		—			47,170
Due from affiliates	90,543		2,022,139		1,216,321		473,315		(3,802,318		)	—
Other current assets	—		—		17,096		10,197		(9,830		)	17,463
Total current assets	91,207		2,094,437		1,346,785		987,395		(3,812,148		)	707,676
Property, plant and equipment, net	—		21,211		205,755		165,918		—			392,884
Investments and other assets, net	15,245		27,077		2,393		57,445		(13,171		)	88,989
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		89,189		65		—			89,254
Investments in and accounts with subsidiaries	1,388,598		1,063,602		3,205		—		(2,455,405		)	—
Total assets	$	1,495,050	$	3,414,412	$	1,703,922	$	1,390,323	$	(6,280,724	)	$	1,722,983
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	639	$	52	$	—		$	2,191
Accounts payable	1,536		6,011		101,442		174,652		—			283,641
Accrued liabilities	25,657		34,674		53,633		44,212		(9,830		)	148,346
Due to affiliates	895,730		1,460,459		1,075,060		371,069		(3,802,318		)	—
Total current liabilities	922,923		1,502,644		1,230,774		589,985		(3,812,148		)	434,178
Long-term debt and capital lease obligations, net of current portion	161,182		427,453		31,264		113		—			620,012
Accrued pension and other employee benefits	15,016		7,363		—		59,916		—			82,295
Deferred gain - sale of shipping fleet	—		—		—		9,823		—			9,823
Deferred tax liabilities	115		79,701		39,415		5,882		(13,171		)	111,942
Other liabilities	1,505		8,653		19,168		41,098		—			70,424
Total liabilities	1,100,741		2,025,814		1,320,621		706,817		(3,825,319		)	1,328,674
Commitments and contingencies	—		—		—		—		—			—
Total shareholders' equity	394,309		1,388,598		383,301		683,506		(2,455,405		)	394,309
Total liabilities and shareholders' equity	$	1,495,050	$	3,414,412	$	1,703,922	$	1,390,323	$	(6,280,724	)	$	1,722,983

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Hedging - Foreign Currency and Fuel Derivatives Narrative (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
Derivative [Line Items]
Amount of unrealized net gains on foreign currency cash flow hedging portfolio that would be reclassified to net income, if realized in the next twelve months	$ 21
Bunker fuel forward contracts
Derivative [Line Items]
Maximum period for which the company locks in fuel purchase prices	3 years
Amount of unrealized net losses on bunker fuel hedging portfolio that would be reclassified to net income, if realized in the next twelve months	$ (3)

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Stock-Based Compensation - Changes in Capital Surplus (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation	$ 1,818	$ 1,713	$ 5,493	$ 5,541
Shares withheld for taxes	(683)	(1,508)	(940)	(1,840)
Capital surplus increase	$ 1,135	$ 205	$ 4,553	$ 3,701

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Reclassifications from Accumulated Other Comprehensive Income - Amounts Reclassified from AOCI (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended								3 Months Ended				9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Foreign Currency Gain (Loss) [Member] Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2013 Foreign Currency Gain (Loss) [Member] Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2014 Foreign Currency Gain (Loss) [Member] Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2013 Foreign Currency Gain (Loss) [Member] Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2014 Available-for-sale investment Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2013 Available-for-sale investment Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2014 Available-for-sale investment Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2013 Available-for-sale investment Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2014 Accumulated net gain (loss) from designated or qualifying cash flow hedges Currency hedge portfolio Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2013 Accumulated net gain (loss) from designated or qualifying cash flow hedges Currency hedge portfolio Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2014 Accumulated net gain (loss) from designated or qualifying cash flow hedges Currency hedge portfolio Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2013 Accumulated net gain (loss) from designated or qualifying cash flow hedges Currency hedge portfolio Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2014 Accumulated net gain (loss) from designated or qualifying cash flow hedges Bunker fuel forward contracts Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2013 Accumulated net gain (loss) from designated or qualifying cash flow hedges Bunker fuel forward contracts Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2014 Accumulated net gain (loss) from designated or qualifying cash flow hedges Bunker fuel forward contracts Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2013 Accumulated net gain (loss) from designated or qualifying cash flow hedges Bunker fuel forward contracts Reclassifications from Accumulated Other Comprehensive Income	Sep. 30, 2014 Prior service cost and recognized actuarial loss amortization related to pensions	Jun. 30, 2014 Prior service cost and recognized actuarial loss amortization related to pensions	Dec. 31, 2013 Prior service cost and recognized actuarial loss amortization related to pensions	Sep. 30, 2013 Prior service cost and recognized actuarial loss amortization related to pensions	Jun. 30, 2013 Prior service cost and recognized actuarial loss amortization related to pensions	Dec. 31, 2012 Prior service cost and recognized actuarial loss amortization related to pensions	Sep. 30, 2014 Prior service cost and recognized actuarial loss amortization related to pensions Reclassifications from Accumulated Other Comprehensive Income		Sep. 30, 2013 Prior service cost and recognized actuarial loss amortization related to pensions Reclassifications from Accumulated Other Comprehensive Income		Sep. 30, 2014 Prior service cost and recognized actuarial loss amortization related to pensions Reclassifications from Accumulated Other Comprehensive Income		Sep. 30, 2013 Prior service cost and recognized actuarial loss amortization related to pensions Reclassifications from Accumulated Other Comprehensive Income
Reclassifications from Accumulated Other Comprehensive Income [Line Items]
Deferred Tax Liabilities, Other Comprehensive Income																					$ 0	$ 271	$ 530	$ 0	$ 0	$ 0
Other income (expense), net	1,036	501	5,172	(1,622)	0	0	252	0	0	0	0	(561)
Net sales	(738,551)	(723,062)	(2,326,388)	(2,309,485)									(1,543)	6,114	504	21,328
Cost of sales	(663,536)	(645,170)	(2,065,095)	(2,017,667)													822	(2,277)	586	(7,267)
Prior service cost and recognized actuarial loss amortization related to pensions	$ (297)	$ (342)	$ (893)	$ (1,018)																							$ 297	[1]	$ 342	[1]	$ 893	[1]	$ 1,018	[1]

[1] These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 9 for further details.

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Debt Including Capital Lease Obligations - 7.875% Senior Secured Notes (Details) (USD $)	9 Months Ended						9 Months Ended	3 Months Ended		9 Months Ended				3 Months Ended
	Sep. 30, 2014	Sep. 30, 2014 7.875% Senior Notes Senior notes	Dec. 31, 2013 7.875% Senior Notes Senior notes	Sep. 30, 2013 7.875% Senior Notes Senior notes	Feb. 28, 2013 7.875% Senior Notes Senior notes	Feb. 05, 2013 7.875% Senior Notes Senior notes	Sep. 30, 2014 7.875% Senior Notes Senior notes Debt Instrument, Redemption, Cash Proceeds from Equity Offerings [Member]	Sep. 30, 2014 7.875% Senior Notes Senior notes Debt Instrument, Redemption, Cash Proceeds from Equity Offerings [Member] Maximum	Sep. 30, 2014 7.875% Senior Notes Senior notes If redeemed during the 12-month period commencing February 1, 2016	Sep. 30, 2014 7.875% Senior Notes Senior notes If redeemed during the 12-month period commencing February 1, 2016	Sep. 30, 2014 7.875% Senior Notes Senior notes If redeemed during the 12-month period commencing February 1, 2017	Sep. 30, 2014 7.875% Senior Notes Senior notes If redeemed during the 12-month period commencing February 1, 2018	Sep. 30, 2014 7.875% Senior Notes Senior notes If redeemed during the 12-month period commencing February 1, 2019	Sep. 30, 2014 7.875% Senior Notes Senior notes Redemption option upon change of control
Debt Instrument [Line Items]
Debt Instrument, Redemption, Description	If redeemed during the 12-month period commencing February 1,
Stated interest rate on debt instrument		7.875%	7.875%	7.875%	7.875%	7.875%
Principal amount of debt component					$ 425,000,000
Debt discount rate					99.274%
Effective interest rate					8.00%
Redemption price percentage							107.90%	0.00%	100.00%	105.90%	103.90%	102.00%	100.00%	100.00%
Debt instrument, Maximum Annual Redemption									$ 42,500,000
Debt instrument, redemption, percentage of principal amount to remain outstanding							100.00%

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Earnings Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic and diluted earnings (loss) per common share ("EPS") are calculated as follows:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands, except per share amounts)	2014			2013			2014			2013
Net income (loss)	$	(17,956	)	$	(17,814	)	$	(24,723	)	$	15,663
Weighted average common shares outstanding (used to calculate basic EPS)	46,981			46,633			46,915			46,495
Dilutive effect of stock options and other stock awards	—			—			—			940
Weighted average common shares outstanding (used to calculate diluted EPS)	46,981			46,633			46,915			47,435
Earnings (loss) per common share – basic	$	(0.38	)	$	(0.38	)	$	(0.53	)	$	0.34
Earnings (loss) per common share – diluted	$	(0.38	)	$	(0.38	)	$	(0.53	)	$	0.33

If we had generated net income for the quarters ended September 30, 2014 and 2013 and the nine months ended September 30, 2014, an additional 1.4 million, 1.3 million, and 1.2 million shares, respectively, would have been added to basic weighted average common shares outstanding to calculate diluted EPS.

The assumed conversions to common stock of stock options, other stock awards and 4.25% Convertible Senior Notes due 2016 ("Convertible Notes") are excluded from weighted average common shares outstanding used to calculate diluted EPS in periods when these items, on an individual basis, have an anti-dilutive effect on diluted EPS. For the quarters and nine months ended September 30, 2014 and 2013, the effect of the conversion of the Convertible Notes would have been anti-dilutive because the average trading price of the common stock was below the initial conversion price of $22.45 per share. In addition, certain stock options and other stock awards totaling 0.1 million and 0.2 million for the quarters ended September 30, 2014 and 2013, respectively, and 0.1 million and 1.3 million for the nine months ended September 30, 2014 and 2013, respectively, were outstanding but not included in the computation of diluted EPS because they were anti-dilutive.

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Reclassifications from Accumulated Other Comprehensive Income - AOCI Roll Forward (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013	Sep. 30, 2014		Sep. 30, 2013	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013	Dec. 31, 2012
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	$ (20,619)		$ (33,188)	$ (25,783)		$ (40,525)
Other comprehensive income (loss) before reclassifications	19,073		(6,978)	21,578		(9,980)
Amounts reclassified from accumulated other comprehensive income	(424)		4,179	2,235		14,518
Net current-period other comprehensive income	18,649		(2,799)	23,813		4,538
Balance at end of period	(1,970)		(35,987)	(1,970)		(35,987)
Net cumulative currency translation gains (losses)
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(202)		252	(469)		(120)
Other comprehensive income (loss) before reclassifications	1		(753)	16		(381)
Amounts reclassified from accumulated other comprehensive income	0		0	252		0
Net current-period other comprehensive income	1		(753)	268		(381)
Balance at end of period	(201)		(501)	(201)		(501)
Net unrealized losses on qualifying cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(448)		(8,463)	(5,654)		(16,562)
Other comprehensive income (loss) before reclassifications	19,072		(6,183)	22,467		(8,308)
Amounts reclassified from accumulated other comprehensive income	(721)		3,837	1,090		14,061
Net current-period other comprehensive income	18,351		(2,346)	23,557		5,753
Balance at end of period	17,903		(10,809)	17,903		(10,809)
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period			0			404
Other comprehensive income (loss) before reclassifications			0			157
Amounts reclassified from accumulated other comprehensive income			0			(561)
Net current-period other comprehensive income			0			(404)
Balance at end of period			0			0
Net unrecognized losses related to pension and severance plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(19,969)	[1]	(24,977)	(19,660)		(24,247)
Other comprehensive income (loss) before reclassifications	0		(42)	(905)		(1,448)
Amounts reclassified from accumulated other comprehensive income	297		342	893		1,018
Net current-period other comprehensive income	297		300	(12)		(430)
Balance at end of period	(19,672)	[1]	(24,677)	(19,672)	[1]	(24,677)
Deferred Tax Liabilities, Other Comprehensive Income	$ 0		$ 0	$ 0		$ 0	$ 271	$ 530	$ 0	$ 0

[1] Net of deferred tax liability of $271, $271, and $530 as of September 30, 2014, June 30, 2014, and December 31, 2013, respectively.

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Trade and Finance Receivables - Finance Receivables (Details) (USD $)	3 Months Ended
	Sep. 30, 2013	Sep. 30, 2014	Dec. 31, 2013
Grower Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Allowance for Credit Losses, Recovery	$ 1,000,000
Gross receivable	36,092,000	39,724,000	35,761,000
Reserve	(32,927,000)	(32,653,000)	(32,877,000)
Net receivable	3,165,000	7,071,000	2,884,000
Current portion, net	3,165,000	7,071,000	2,884,000
Long-term portion, net	0	0	0
Seller Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivable	28,001,000	24,401,000	27,127,000
Reserve	0	0	0
Net receivable	28,001,000	24,401,000	27,127,000
Current portion, net	3,913,000	4,229,000	3,990,000
Long-term portion, net	$ 24,088,000	$ 20,172,000	$ 23,137,000

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Pension and Severance Benefits (Tables)

9 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Defined Benefit Plans Disclosures

Net pension expense from our defined benefit and severance plans are primarily comprised of severance plans covering Central American employees and consists of the following:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands)	2014			2013			2014			2013
Service cost	$	1,855		$	1,864		$	5,565		$	5,592
Interest on projected benefit obligation	1,411			1,300			4,241			3,894
Expected return on plan assets	(334		)	(333		)	(1,005		)	(996		)
Recognized actuarial loss	265			310			797			922
Amortization of prior service cost	32			32			96			96
Defined benefit and severance plan expense	$	3,229		$	3,173		$	9,694		$	9,508

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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping

The following table summarizes financial assets and liabilities carried at fair value, including derivative instruments on a gross basis, and the location of these instruments on the Condensed Consolidated Balance Sheets as of September 30, 2014, December 31, 2013 and September 30, 2013:

		Assets (Liabilities)			Fair Value Measurements Using
(In thousands)		at Fair Value			Level 1		Level 2			Level 3
September 30, 2014
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	22,593		$	—	$	22,593		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(750		)	—		(750		)	—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	(3,373		)	—		(3,373		)	—
30-day euro forward contracts	Gross amounts of recognized assets	502			—		502			—
Net amount recorded in other current assets		18,972			—		18,972			—
September 30, 2014		$	18,972		$	—	$	18,972		$	—
December 31, 2013
Derivatives recorded in "Investments & other assets, net":
Currency hedge portfolio	Gross amounts offset in the balance sheets	$	(220	)	—		$	(220	)	—
Bunker fuel forward contracts1	Gross amounts of recognized assets	953			—		953			—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	(100		)	—		(100		)	—
Net amount recorded in investments & other assets, net		633			—		633			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	1,250			—		1,250			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(5,947		)	—		(5,947		)	—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	778			—		778			—
Bunker fuel forward contracts1	Gross amounts of recognized liabilities	(643		)	—		(643		)	—
30-day euro forward contracts	Gross amounts offset in the balance sheets	245			—		245			—
Net amount recorded in accrued liabilities		(4,317		)	—		(4,317		)	—
Derivatives recorded in "Other liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	833			—		833			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(930		)	—		(930		)	—
Net amount recorded in other liabilities		(97		)	—		(97		)	—
December 31, 2013		$	(3,781	)	$	—	$	(3,781	)	$	—

		Assets (Liabilities)			Fair Value Measurements Using
(In thousands)		at Fair Value			Level 1		Level 2			Level 3
September 30, 2013
Derivatives recorded in "Investments & other assets, net":
Currency hedge portfolio	Gross amounts of recognized assets	515			—		515			—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(465		)	—		(465		)	—
Bunker fuel forward contracts1	Gross amounts of recognized assets	196					196
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	(137		)			(137		)
Bunker fuel forward contracts2	Gross amounts of recognized assets	22			—		22			—
Bunker fuel forward contracts2	Gross amounts offset in the balance sheets	(70		)	—		(70		)	—
Net amount recorded in investments & other assets, net		61			—		61			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	1,163			—		1,163			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(10,913		)	—		(10,913		)	—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	1,212			—		1,212			—
Bunker fuel forward contracts1	Gross amounts of recognized liabilities	(611		)	—		(611		)	—
Bunker fuel forward contracts2	Gross amounts offset in the balance sheets	282			—		282			—
Bunker fuel forward contracts2	Gross amounts of recognized liabilities	(203		)	—		(203		)	—
30-day euro forward contracts	Gross amounts offset in the balance sheets	17			—		17			—
30-day euro forward contracts	Gross amounts of recognized liabilities	(108		)	—		(108		)	—
	Net amount recorded in accrued liabilities	(9,161		)	—		(9,161		)	—
Derivatives recorded in "Other liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	196			—		196			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(233		)	—		(233		)	—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	145					145
Bunker fuel forward contracts1	Gross amounts of recognized liabilities	(835		)			(835		)
Bunker fuel forward contracts2	Gross amounts offset in the balance sheets	12			—		12			—
Bunker fuel forward contracts2	Gross amounts of recognized liabilities	(236		)	—		(236		)	—
Net amount recorded in other liabilities		(951		)	—		(951		)	—
September 30, 2013		$	(10,051	)	$	—	$	(10,051	)	$	—

¹ Bunker fuel forward contracts designated as cash flow hedges.

² Bunker fuel forward contracts not designated as hedging instruments.

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Hedging - Derivative Assets and Liabilities Table (Details) (Designated as Hedging Instrument [Member], USD $) In Thousands, unless otherwise specified	3 Months Ended
	Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Sep. 30, 2013		Jun. 30, 2013		Mar. 31, 2013
Currency Hedge Portfolio
Change in Fair Value of Derivative Assets and Liabilities [Roll Forward]
Balance at beginning of year	$ (511)		$ (3,831)		$ (5,014)		$ (3,439)		$ (3,125)		$ (23,215)
Realized (gains) losses included in net income	1,308		1,414		1,229		(3,568)		4,766		5,601
Transfers	0				0		0				7,638	[1]
Purchases, net	149	[2]	0	[2]	277	[2]	314	[2]	62	[2]	541	[2]
Changes in fair value	23,513		1,906		(323)		(10,180)		(5,142)		6,310
Balance at end of year	21,843		(511)		(3,831)		(9,737)		(3,439)		(3,125)
Bunker Fuel Forward Contracts
Change in Fair Value of Derivative Assets and Liabilities [Roll Forward]
Balance at beginning of year	946		(634)		988		(2,203)		7,621		8,572
Realized (gains) losses included in net income	(822)		(61)		(175)		1,908		(2,151)		(2,839)
Transfers	0				0		193	[1]			0
Purchases, net	0	[2]	0	[2]	0	[2]	0	[2]	0	[2]	0	[2]
Changes in fair value	(5,141)		1,641		(1,447)		3,888		(7,673)		1,888
Balance at end of year	$ (3,373)		$ 946		$ (634)		$ (30)		$ (2,203)		$ 7,621

[1] Represents the fair value at the transfer date of positions where hedge accounting was terminated. See discussion above.

[2] Purchases (sales) represent the cash premiums paid upon the purchase of euro put options or received upon the sale of euro call options. Bunker fuel and currency forward contracts require no up-front cash payment and have an initial fair value of zero; settlements on the forward contracts (swaps) occur upon their maturity

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Trade and Finance Receivables - Finance Receivables Allowance (Details) (USD $)	9 Months Ended		3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013 Grower receivables	Jun. 30, 2013 Grower receivables	Sep. 30, 2014 Grower receivables	Dec. 31, 2013 Grower receivables
Valuation Allowance [Line Items]
Reserve for trade receivables	$ 5,085,000	$ 3,141,000
Allowance for Doubtful Accounts Receivable [Roll Forward]
Reserve at beginning of period					32,653,000	32,877,000
Recoveries			(1,000,000)
Write-offs				(3,000,000)
Reserve at end of period			$ 32,927,000		$ 32,653,000	$ 32,877,000

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Reclassifications from Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2014

Reclassifications from Accumulated Other Comprehensive Income [Abstract]

Reclassifications from Accumulated Other Comprehensive Income

Amounts of (income) expense reclassified from AOCI are as follows (in thousands):

AOCI Component	Line Items Affected by Reclassifications from AOCI in the Condensed Consolidated Statements of Operations	(Income) / expense reclassified from AOCI for the quarter ended September 30,						(Income) / expense reclassified from AOCI for the nine months ended September 30,
		2014			2013			2014		2013
Currency translation	Other income (expense), net	$	—		$	—		$	252	$	—
Available-for-sale investment	Other income (expense), net	—			—			—		(561		)
Currency hedge portfolio derivatives	Net sales	(1,543		)	6,114			504		21,328
Bunker fuel forward contracts	Cost of sales	822			(2,277		)	586		(7,267		)
Prior service cost and recognized actuarial loss amortization related to pensions*		297			342			893		1,018

* These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 9 for further details.

Schedule of Accumulated Other Comprehensive Income (Loss)

The changes in the components of accumulated other comprehensive income, net of tax, for the quarter and nine months ended September 30, 2014 were as follows:

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Net unrecognized losses related to pension and severance plans (1)			Total
Balance at June 30, 2014	$	(202	)	$	(448	)	$	(19,969	)	$	(20,619	)
Other comprehensive income (loss) before reclassifications	1			19,072			—			19,073
Amounts reclassified from accumulated other comprehensive income	—			(721		)	297			(424		)
Net current-period other comprehensive income (loss)	1			18,351			297			18,649
Balance at September 30, 2014	$	(201	)	$	17,903		$	(19,672	)	$	(1,970	)

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Net unrecognized losses related to pension and severance plans (1)			Total
Balance at December 31, 2013	$	(469	)	$	(5,654	)	$	(19,660	)	$	(25,783	)
Other comprehensive income (loss) before reclassifications	16			22,467			(905		)	21,578
Amounts reclassified from accumulated other comprehensive income	252			1,090			893			2,235
Net current-period other comprehensive income (loss)	268			23,557			(12		)	23,813
Balance at September 30, 2014	$	(201	)	$	17,903		$	(19,672	)	$	(1,970	)

⁽¹⁾Net of deferred tax liability of $271, $271, and $530 as of September 30, 2014, June 30, 2014, and December 31, 2013, respectively.

The changes in the components of accumulated other comprehensive income, net of tax, for the quarter and nine months ended September 30, 2013 were as follows:

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Unrealized gains on available-for-sale investment		Net unrecognized losses related to pension and severance plans (1)			Total
Balance at June 30, 2013	$	252		$	(8,463	)	$	—	$	(24,977	)	$	(33,188	)
Other comprehensive income (loss) before reclassifications	(753		)	(6,183		)	—		(42		)	(6,978		)
Amounts reclassified from accumulated other comprehensive income	—			3,837			—		342			4,179
Net current-period other comprehensive income	(753		)	(2,346		)	—		300			(2,799		)
Balance at September 30, 2013	$	(501	)	$	(10,809	)	$	—	$	(24,677	)	$	(35,987	)

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Unrealized gains on available-for-sale investment			Net unrecognized losses related to pension and severance plans (1)			Total
Balance at December 31, 2012	$	(120	)	$	(16,562	)	$	404		$	(24,247	)	$	(40,525	)
Other comprehensive income (loss) before reclassifications	(381		)	(8,308		)	157			(1,448		)	(9,980		)
Amounts reclassified from accumulated other comprehensive income	—			14,061			(561		)	1,018			14,518
Net current-period other comprehensive income	(381		)	5,753			(404		)	(430		)	4,538
Balance at September 30, 2013	$	(501	)	$	(10,809	)	$	—		$	(24,677	)	$	(35,987	)

⁽¹⁾Net of deferred tax liability of $150, $153 and $283 as of September 30, 2013, June 30, 2013 and December 31, 2012, respectively.

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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Changes in Capital Surplus

Changes in "Capital surplus" are primarily a result of stock compensation:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands)	2014			2013			2014			2013
Stock-based compensation	$	1,818		$	1,713		$	5,493		$	5,541
Shares withheld for taxes	(683		)	(1,508		)	(940		)	(1,840		)
Capital surplus increase	$	1,135		$	205		$	4,553		$	3,701

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Basis of Presentation

9 Months Ended

Sep. 30, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation

    See Notes to Consolidated Financial Statements included in our 2013 Annual Report on Form 10-K for additional information relating to the Consolidated Financial Statements. The December 31, 2013 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.

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Segment Information (Tables)

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information for each segment follows:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands)	2014			2013			2014			2013
Net sales:
Bananas	$	477,472		$	455,981		$	1,516,343		$	1,481,625
Salads and Healthy Snacks1	234,235			239,102			713,163			739,392
Other Produce	26,844			27,979			96,882			88,468
	$	738,551		$	723,062		$	2,326,388		$	2,309,485
Operating income (loss):
Bananas2	$	18,138		$	18,039		$	82,159		$	101,438
Salads and Healthy Snacks3	6,236			(5,155		)	9,978			4,595
Other Produce4	(4,788		)	2,325			(4,663		)	1,904
Corporate costs5	(21,024		)	(14,056		)	(51,591		)	(41,070		)
	$	(1,438	)	$	1,153		$	35,883		$	66,867

¹  In the second quarter of 2013, we sold one of our European healthy snacking businesses which represented approximately $12 million in annual net sales and had an insignificant effect on operating income. In the first quarter of 2014, we disposed of another non-core healthy snacking business in Europe which represented approximately $2 million in annual net sales. Both disposals had insignificant effects on operating income (loss).

²  Includes $5 million of cost related to the changeover of vessels at the end of the respective leases and a $1 million gain on the sale of a ripening facility in Europe in the nine months ended September 30, 2014.

³  Includes $2 million and $5 million of cost in the quarter and nine months ended September 30, 2014 related to severance, product resizing, product discontinuation, equipment write-downs and a legal settlement. Includes $1 million of "Cost of sales" in 2013 for severance costs related to a fruit ingredient business.

⁴  Includes $3 million in the third quarter of 2014 related to a claim settlement with a former supplier of other produce products that were discontinued in previous periods.

⁵  Includes $4 million and $13 million of costs for the quarter and nine months ended September 30, 2014, respectively, for the proposed combination with Fyffes. Includes $4 million of costs in the third quarter of 2014 for the due diligence related to the unsolicited offer from the Cutrale Group and the Safra Group.

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Restructuring Disposition of Non-Core Healthy Snacking Business (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net sales	$ 738,551	$ 723,062	$ 2,326,388	$ 2,309,485

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Hedging - Derivatives No Longer Qualifying as Hedging Instruments (Details)	9 Months Ended
	Sep. 30, 2014 USD ($)	Sep. 30, 2013 Transferred from Hedging to Non-hedging Instruments Euro call and put option contracts EUR (€)	Sep. 30, 2013 Foreign exchange option, settled in Q1 2013 Purchased Euro put option EUR (€)	Sep. 30, 2013 Foreign exchange option, settled in Q1 2013 Sold Euro call option EUR (€)	Sep. 30, 2013 Foreign exchange option, settled in Q2 2013 Purchased Euro put option EUR (€)	Sep. 30, 2013 Foreign exchange option, settled in Q2 2013 Sold Euro call option EUR (€)	Sep. 30, 2013 Foreign exchange option, settled in Q3 2013 Purchased Euro put option EUR (€)	Sep. 30, 2013 Foreign exchange option, settled in Q3 2013 Sold Euro call option EUR (€)
Derivative [Line Items]
Notional amount of currency derivatives included in transferred positions		€ 71,000,000	€ 25,000,000	€ 25,000,000	€ 19,000,000	€ 19,000,000	€ 27,000,000	€ 27,000,000
Deferred net gains (losses) in Accumulated other comprehensive income (loss) expected to be reclassified into income	$ 17,903,000

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Commitments and Contingencies - Italian Customs and Tax Cases (Details)	1 Months Ended		81 Months Ended	1 Months Ended	81 Months Ended	3 Months Ended	111 Months Ended	120 Months Ended	1 Months Ended	120 Months Ended	1 Months Ended	120 Months Ended	1 Months Ended	120 Months Ended		1 Months Ended		3 Months Ended		9 Months Ended				3 Months Ended
	Jun. 30, 2014 USD ($)	Mar. 31, 2012 Indirect import challenge - income tax assessment EUR (€)	Sep. 30, 2014 Indirect import challenge - income tax assessment EUR (€)	Sep. 30, 2011 Indirect import challenge - customs tax assessment EUR (€)	Sep. 30, 2014 Indirect import challenge - customs tax assessment EUR (€)	Dec. 31, 2013 Trento 1998-2000 cases	Dec. 31, 2013 Trento 1998-2000 cases EUR (€)	Sep. 30, 2014 Trento 1998-2000 cases EUR (€)	Mar. 31, 2012 Alessandria 1998-2000 cases	Sep. 30, 2014 Alessandria 1998-2000 cases EUR (€)	Nov. 30, 2012 Aosta 1998-2000 cases USD ($)	Sep. 30, 2014 Aosta 1998-2000 cases EUR (€)	Aug. 31, 2012 Genoa 1998-2000 cases EUR (€)	Sep. 30, 2014 Genoa 1998-2000 cases USD ($)	Sep. 30, 2014 Chiquita Italy 1998-2000 cases jurisdiction	Apr. 30, 2011 Chiquita Italy 2004 - 2005 cases USD ($)	Apr. 30, 2011 Chiquita Italy 2004 - 2005 cases EUR (€)	Sep. 30, 2011 Chiquita Italy 2004 - 2005 cases USD ($)	Sep. 30, 2011 Chiquita Italy 2004 - 2005 cases EUR (€)	Sep. 30, 2014 Chiquita Italy 2004 cases - direct import challenge USD ($)	Sep. 30, 2014 Chiquita Italy 2004 cases - direct import challenge EUR (€)	Sep. 30, 2014 Chiquita Italy 2005 cases - direct import challenge USD ($)	Sep. 30, 2014 Chiquita Italy 2005 cases - direct import challenge EUR (€)	Dec. 31, 2013 Insurance recovery coverage suit Trento 1998-2000 cases EUR (€)
Loss Contingencies [Line Items]
Loss Contingency, Damages Awarded, Payment Term						5 years 6 months			36 months
Loss Contingency Accrual, Payments	$ 1,200,000
Number of jurisdictions in which claims were originated															4
Litigation Settlement, Amount																								5,500,000
Claim / Assessment			12,000,000		19,400,000			3,300,000		300,000		1,200,000		7,400,000						17,000,000	13,000,000	24,000,000	19,000,000
Interest and Penalties Claimed / Assessed			19,100,000		10,200,000			3,300,000		200,000		1,200,000		1,000,000
Total Claim / Assessment			31,100,000		29,600,000			6,600,000		500,000		2,400,000		8,400,000
Deposits Paid Pending Appeal			900,000		16,700,000		6,600,000	6,600,000		500,000		2,300,000		0
Tax settlement paid																4,000,000	3,000,000
Pricing adjustment paid for 2006 through 2009																		3,000,000	2,000,000
Loss Contingency, Damages Awarded, Periodic Payment		€ 113,000		€ 350,000							$ 34,000		€ 118,000

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Condensed Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended			9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]
Net sales	$ 738,551	$ 723,062		$ 2,326,388	$ 2,309,485
Cost of sales	663,536	645,170		2,065,095	2,017,667
Selling, general and administrative	53,658	60,966		162,544	177,227
Transaction costs	8,235	0		16,907	0
Depreciation	12,323	13,435		38,911	40,517
Amortization	2,342	2,342		7,025	7,025
Equity in earnings of investees	(105)	0		(437)	(72)
Restructuring and relocation costs	0	(4)		460	254
Operating income	(1,438)	1,153		35,883	66,867
Interest income	600	690		1,905	2,197
Interest expense	(15,564)	(15,356)		(46,331)	(44,698)
Loss on debt extinguishment	0	0		(521)	(6,275)
Other income (expense), net	(1,036)	(501)		(5,172)	1,622
Income before income taxes	(17,438)	(14,014)		(14,236)	19,713
Income tax benefit (expense)	(518)	(3,800)	3,000	(10,487)	(4,050)
Net income (loss)	(17,956)	(17,814)		(24,723)	15,663
Earnings (loss) per common share - basic (in dollars per share)	$ (0.38)	$ (0.38)		$ (0.53)	$ 0.34
Earnings (loss) per common share - diluted (in dollars per share)	$ (0.38)	$ (0.38)		$ (0.53)	$ 0.33
Consolidation, Eliminations [Member]
Income Statement [Abstract]
Net sales	(242,276)	(226,950)		(740,810)	(688,074)
Cost of sales	(242,280)	(226,965)		(740,404)	(688,070)
Selling, general and administrative	0	0		0	0
Transaction costs	0			0
Depreciation	0	0		0	0
Amortization	0	0		0	0
Equity in earnings of investees	15,421	(10,342)		100,703	153,595
Restructuring and relocation costs		0		0	0
Operating income	(15,417)	(10,327)		(101,109)	(153,599)
Interest income	0	0		0	0
Interest expense	0	0		0	0
Loss on debt extinguishment				0	0
Other income (expense), net	(4)	(15)		406	4
Income before income taxes	(15,421)	(10,342)		(100,703)	(153,595)
Income tax benefit (expense)	1,594	2,351		13,171	5,923
Net income (loss)	(13,827)	(7,991)		(87,532)	(147,672)
Parent Company [Member] | Reportable Legal Entities [Member]
Income Statement [Abstract]
Net sales	0	0		0	0
Cost of sales	0	0		0	0
Selling, general and administrative	9,788	12,446		24,816	31,851
Transaction costs	8,235			16,907
Depreciation	0	0		0	0
Amortization	0	0		0	0
Equity in earnings of investees	(6,134)	3,448		(43,502)	(67,760)
Restructuring and relocation costs		(15)		460	(15)
Operating income	(11,889)	(8,983)		1,319	35,924
Interest income	0	0		0	0
Interest expense	(5,549)	(5,031)		(16,136)	(16,405)
Loss on debt extinguishment				0	(843)
Other income (expense), net	0	0		581	1,037
Income before income taxes	(17,438)	(14,014)		(14,236)	19,713
Income tax benefit (expense)	(518)	(3,800)		(10,487)	(4,050)
Net income (loss)	(17,956)	(17,814)		(24,723)	15,663
Subsidiary Issuer [Member] | Reportable Legal Entities [Member]
Income Statement [Abstract]
Net sales	217,299	200,307		651,515	587,278
Cost of sales	205,854	190,790		625,157	557,444
Selling, general and administrative	4,193	1,955		12,704	10,696
Transaction costs	0			0
Depreciation	1,219	1,140		3,589	3,599
Amortization	0	0		0	0
Equity in earnings of investees	(9,576)	6,878		(61,741)	(85,792)
Restructuring and relocation costs		111		0	264
Operating income	15,609	13,189		71,806	101,067
Interest income	0	1		2	12
Interest expense	(9,162)	(9,743)		(27,568)	(27,563)
Loss on debt extinguishment				(521)	(5,432)
Other income (expense), net	(313)	1		(217)	(324)
Income before income taxes	6,134	3,448		43,502	67,760
Income tax benefit (expense)	792	(3,249)		(5,620)	(2,643)
Net income (loss)	6,926	199		37,882	65,117
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Income Statement [Abstract]
Net sales	299,667	302,625		911,465	939,662
Cost of sales	265,903	271,950		805,599	835,099
Selling, general and administrative	20,378	23,775		64,194	67,203
Transaction costs	0			0
Depreciation	6,212	6,741		19,230	20,397
Amortization	2,335	2,336		7,006	7,007
Equity in earnings of investees	289	16		4,540	(43)
Restructuring and relocation costs		(100)		0	8
Operating income	4,550	(2,061)		10,896	9,991
Interest income	(1)	26		33	128
Interest expense	(724)	(576)		(2,291)	(701)
Loss on debt extinguishment				0	0
Other income (expense), net	602	85		235	250
Income before income taxes	4,427	(2,526)		8,873	9,668
Income tax benefit (expense)	(1,752)	1,289		(3,512)	(3,547)
Net income (loss)	2,675	(1,237)		5,361	6,121
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Income Statement [Abstract]
Net sales	463,861	447,080		1,504,218	1,470,619
Cost of sales	434,059	409,395		1,374,743	1,313,194
Selling, general and administrative	19,299	22,790		60,830	67,477
Transaction costs	0			0
Depreciation	4,892	5,554		16,092	16,521
Amortization	7	6		19	18
Equity in earnings of investees	(105)	0		(437)	(72)
Restructuring and relocation costs		0		0	(3)
Operating income	5,709	9,335		52,971	73,484
Interest income	601	663		1,870	2,057
Interest expense	(129)	(6)		(336)	(29)
Loss on debt extinguishment				0	0
Other income (expense), net	(1,321)	(572)		(6,177)	655
Income before income taxes	4,860	9,420		48,328	76,167
Income tax benefit (expense)	(634)	(391)		(4,039)	267
Net income (loss)	$ 4,226	$ 9,029		$ 44,289	$ 76,434

XML

Inventories (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013
Inventory, Net [Abstract]
Finished goods	$ 69,244	$ 69,450	$ 79,706
Growing crops	73,068	74,985	79,899
Raw materials, supplies and other	66,619	66,129	75,178
Inventory, net	$ 208,931	$ 210,564	$ 234,783

XML

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013
Statement of Financial Position [Abstract]
Trade receivables allowances	$ 17,443	$ 19,602	$ 19,978
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares outstanding	47,048,211	46,829,913	46,759,590

XML

Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013		Sep. 30, 2013
Assets (Liabilties) at Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets (liabilities) at fair value	$ 18,972		$ (3,781)		$ (10,051)
Assets (Liabilties) at Fair Value | Other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded assets	18,972
Assets (Liabilties) at Fair Value | Other current assets | Designated as cash flow hedges | Currency hedge portfolio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized assets	22,593
Gross amounts offset in the balance sheets	(750)
Assets (Liabilties) at Fair Value | Other current assets | Designated as cash flow hedges | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets	(3,373)	[1]
Assets (Liabilties) at Fair Value | Other current assets | Designated as cash flow hedges | 30-day euro forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized assets	502
Assets (Liabilties) at Fair Value | Investments & other assets, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded assets			633		61
Assets (Liabilties) at Fair Value | Investments & other assets, net | Designated as cash flow hedges | Currency hedge portfolio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized assets					515
Gross amounts offset in the balance sheets			(220)		(465)
Assets (Liabilties) at Fair Value | Investments & other assets, net | Designated as cash flow hedges | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized assets			953	[1]	196
Gross amounts offset in the balance sheets			(100)	[1]	(137)
Assets (Liabilties) at Fair Value | Investments & other assets, net | Derivatives not designated as hedging instruments | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized assets					22
Gross amounts offset in the balance sheets					(70)
Assets (Liabilties) at Fair Value | Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded liabilities			(4,317)		(9,161)
Assets (Liabilties) at Fair Value | Accrued liabilities | Designated as cash flow hedges | Currency hedge portfolio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets			1,250		1,163
Gross amounts of recognized liabilities			(5,947)		(10,913)
Assets (Liabilties) at Fair Value | Accrued liabilities | Designated as cash flow hedges | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets			778	[1]	1,212	[1]
Gross amounts of recognized liabilities			(643)	[1]	(611)	[1]
Assets (Liabilties) at Fair Value | Accrued liabilities | Derivatives not designated as hedging instruments | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets					282	[2]
Gross amounts of recognized liabilities					(203)	[2]
Assets (Liabilties) at Fair Value | Accrued liabilities | Derivatives not designated as hedging instruments | 30-day euro forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets			245		17
Gross amounts of recognized liabilities					(108)
Assets (Liabilties) at Fair Value | Other liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded liabilities			(97)		(951)
Assets (Liabilties) at Fair Value | Other liabilities | Designated as cash flow hedges | Currency hedge portfolio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets			833		196
Gross amounts of recognized liabilities			(930)		(233)
Assets (Liabilties) at Fair Value | Other liabilities | Designated as cash flow hedges | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets					145	[1]
Gross amounts of recognized liabilities					(835)	[1]
Assets (Liabilties) at Fair Value | Other liabilities | Derivatives not designated as hedging instruments | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets					12	[2]
Gross amounts of recognized liabilities					(236)	[2]
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets (liabilities) at fair value	18,972		(3,781)		(10,051)
Level 2 | Other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded assets	18,972
Level 2 | Other current assets | Designated as cash flow hedges | Currency hedge portfolio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized assets	22,593
Gross amounts offset in the balance sheets	(750)
Level 2 | Other current assets | Designated as cash flow hedges | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets	(3,373)	[1]
Level 2 | Other current assets | Designated as cash flow hedges | 30-day euro forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized assets	502
Level 2 | Investments & other assets, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded assets			633		61
Level 2 | Investments & other assets, net | Designated as cash flow hedges | Currency hedge portfolio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized assets					515
Gross amounts offset in the balance sheets			(220)		(465)
Level 2 | Investments & other assets, net | Designated as cash flow hedges | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized assets			953	[1]	196
Gross amounts offset in the balance sheets			(100)	[1]	(137)
Level 2 | Investments & other assets, net | Derivatives not designated as hedging instruments | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized assets					22
Gross amounts offset in the balance sheets					(70)
Level 2 | Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded liabilities			(4,317)		(9,161)
Level 2 | Accrued liabilities | Designated as cash flow hedges | Currency hedge portfolio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets			1,250		1,163
Gross amounts of recognized liabilities			(5,947)		(10,913)
Level 2 | Accrued liabilities | Designated as cash flow hedges | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets			778	[1]	1,212	[1]
Gross amounts of recognized liabilities			(643)	[1]	(611)	[1]
Level 2 | Accrued liabilities | Derivatives not designated as hedging instruments | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets					282	[2]
Gross amounts of recognized liabilities					(203)	[2]
Level 2 | Accrued liabilities | Derivatives not designated as hedging instruments | 30-day euro forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets			245		17
Gross amounts of recognized liabilities					(108)
Level 2 | Other liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded liabilities			(97)		(951)
Level 2 | Other liabilities | Designated as cash flow hedges | Currency hedge portfolio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets			833		196
Gross amounts of recognized liabilities			(930)		(233)
Level 2 | Other liabilities | Designated as cash flow hedges | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets					145	[1]
Gross amounts of recognized liabilities					(835)	[1]
Level 2 | Other liabilities | Derivatives not designated as hedging instruments | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets					12	[2]
Gross amounts of recognized liabilities					$ (236)	[2]

[1] Bunker fuel forward contracts designated as cash flow hedges.

[2] Bunker fuel forward contracts not designated as hedging instruments.

XML

Supplemental Consolidating Financial Information Condensed Statement of Income (Tables)

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Condensed Income Statement [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Operations (Unaudited)
Quarter Ended September 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	217,299		$	299,667		$	463,861		$	(242,276	)	$	738,551
Cost of sales	—			205,854			265,903			434,059			(242,280		)	663,536
Selling, general and administrative	9,788			4,193			20,378			19,299			—			53,658
Transaction costs	8,235			—			—			—			—			8,235
Depreciation	—			1,219			6,212			4,892			—			12,323
Amortization	—			—			2,335			7			—			2,342
Equity in losses (earnings) of investees and subsidiaries	(6,134		)	(9,576		)	289			(105		)	15,421			(105		)
Operating income (loss)	(11,889		)	15,609			4,550			5,709			(15,417		)	(1,438		)
Interest income	—			—			(1		)	601			—			600
Interest expense	(5,549		)	(9,162		)	(724		)	(129		)	—			(15,564		)
Other income (expense), net	—			(313		)	602			(1,321		)	(4		)	(1,036		)
Income (loss) before income taxes	(17,438		)	6,134			4,427			4,860			(15,421		)	(17,438		)
Income tax expense	(518		)	792			(1,752		)	(634		)	1,594			(518		)
Net income (loss)	$	(17,956	)	$	6,926		$	2,675		$	4,226		$	(13,827	)	$	(17,956	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Operations (Unaudited)
Nine Months Ended September 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	651,515		$	911,465		$	1,504,218		$	(740,810	)	$	2,326,388
Cost of sales	—			625,157			805,599			1,374,743			(740,404		)	2,065,095
Selling, general and administrative	24,816			12,704			64,194			60,830			—			162,544
Transaction costs	16,907			—			—			—			—			16,907
Depreciation	—			3,589			19,230			16,092			—			38,911
Amortization	—			—			7,006			19			—			7,025
Equity in losses (earnings) of investees and subsidiaries	(43,502		)	(61,741		)	4,540			(437		)	100,703			(437		)
Restructuring and relocation costs	460			—			—			—			—			460
Operating income (loss)	1,319			71,806			10,896			52,971			(101,109		)	35,883
Interest income	—			2			33			1,870			—			1,905
Interest expense	(16,136		)	(27,568		)	(2,291		)	(336		)	—			(46,331		)
Loss on debt extinguishment	—			(521		)	—			—			—			(521		)
Other income (expense), net	581			(217		)	235			(6,177		)	406			(5,172		)
Income (loss) before income taxes	(14,236		)	43,502			8,873			48,328			(100,703		)	(14,236		)
Income tax expense	(10,487		)	(5,620		)	(3,512		)	(4,039		)	13,171			(10,487		)
Net income (loss)	$	(24,723	)	$	37,882		$	5,361		$	44,289		$	(87,532	)	$	(24,723	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Quarter Ended September 30, 2013
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	200,307		$	302,625		$	447,080		$	(226,950	)	$	723,062
Cost of sales	—			190,790			271,950			409,395			(226,965		)	645,170
Selling, general and administrative	12,446			1,955			23,775			22,790			—			60,966
Depreciation	—			1,140			6,741			5,554			—			13,435
Amortization	—			—			2,336			6			—			2,342
Equity in losses (earnings) of investees and subsidiaries	(3,448		)	(6,878		)	(16		)	—			10,342			—
Restructuring and relocation costs	(15		)	111			(100		)	—			—			(4		)
Operating income (loss)	(8,983		)	13,189			(2,061		)	9,335			(10,327		)	1,153
Interest income	—			1			26			663			—			690
Interest expense	(5,031		)	(9,743		)	(576		)	(6		)	—			(15,356		)
Other income (expense), net	—			1			85			(572		)	(15		)	(501		)
Income (loss) before income taxes	(14,014		)	3,448			(2,526		)	9,420			(10,342		)	(14,014		)
Income tax expense	(3,800		)	(3,249		)	1,289			(391		)	2,351			(3,800		)
Net income (loss)	$	(17,814	)	$	199		$	(1,237	)	$	9,029		$	(7,991	)	$	(17,814	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Operations (Unaudited)
Nine Months Ended September 30, 2013
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	587,278		$	939,662		$	1,470,619		$	(688,074	)	$	2,309,485
Cost of sales	—			557,444			835,099			1,313,194			(688,070		)	2,017,667
Selling, general and administrative	31,851			10,696			67,203			67,477			—			177,227
Depreciation	—			3,599			20,397			16,521			—			40,517
Amortization	—			—			7,007			18			—			7,025
Equity in losses (earnings) of investees and subsidiaries	(67,760		)	(85,792		)	(43		)	(72		)	153,595			(72		)
Restructuring and relocation costs	(15		)	264			8			(3		)	—			254
Operating income (loss)	35,924			101,067			9,991			73,484			(153,599		)	66,867
Interest income	—			12			128			2,057			—			2,197
Interest expense	(16,405		)	(27,563		)	(701		)	(29		)	—			(44,698		)
Loss on debt extinguishment	(843		)	(5,432		)	—			—			—			(6,275		)
Other income (expense), net	1,037			(324		)	250			655			4			1,622
Income (loss) before income taxes	19,713			67,760			9,668			76,167			(153,595		)	19,713
Income tax expense	(4,050		)	(2,643		)	(3,547		)	267			5,923			(4,050		)
Net income (loss)	$	15,663		$	65,117		$	6,121		$	76,434		$	(147,672	)	$	15,663

XML

Advertising and Promotion Expense (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Marketing and Advertising Expense [Abstract]
Advertising and certain promotion expenses	$ 5	$ 7	$ 19	$ 19

XML

Cavendish Agreement Cavendish Agreement (Notes) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Nov. 03, 2014

Dec. 31, 2013

Dec. 31, 2014

Corporate costs

Fyffes transaction

General and administrative expense

Sep. 30, 2014

Corporate costs

Fyffes transaction

General and administrative expense

Sep. 30, 2014

Corporate costs

Fyffes transaction

General and administrative expense

Sep. 30, 2014

Corporate costs

Cutrale Safra transaction

General and administrative expense

Sep. 30, 2014

Corporate costs

Cutrale Safra transaction

General and administrative expense

Business Combinations [Abstract]

Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block]

Note 3 - Strategic Combination with Fyffes and Cutrale-Safra Definitive Merger Agreement

On March 10, 2014, we announced our intention to combine with Fyffes plc ("Fyffes") and entered into a transaction agreement for the proposed combination, the terms of which were amended on September 25, 2014. A special meeting of our shareholders was held on October 24, 2014 in which the shareholders did not approve the amended transaction agreement with Fyffes, therefore Fyffes delivered a notice of termination of the transaction agreement. In connection with the now terminated Fyffes strategic combination, we have incurred legal, advisory and other expenses totaling $4 million and $13 million during the quarter and nine months ended September 30, 2014, respectively. In addition, under the terms of the amended transaction agreement and expenses reimbursement agreement, we will pay Fyffes a termination fee of approximately $23 million in November 2014. 

On October 26, 2014, Chiquita entered into a Definitive Merger Agreement (the "Merger Agreement") with Cavendish Global Limited ("Cavendish"), a private limited company incorporated under the laws of England and Wales. Cavendish is an affiliate of the Cutrale Group and the Safra Group. Pursuant to the Merger Agreement, among other things: Cavendish commenced a tender offer on November 4, 2014 to purchase all of the issued and outstanding shares of common stock, par value $0.01 per share, of Chiquita, subject to the conditions set forth in the Merger Agreement, at a purchase price of $14.50 per share.  Chiquita's board of directors has unanimously approved the transaction. Pending regulatory approval, the transaction is expected to be finalized by the end of 2014 or in early 2015. In connection with the Merger Agreement, we have incurred legal, advisory and other expenses totaling $4 million for both the quarter and nine months ended September 30, 2014.

In connection with the Merger Agreement with Cavendish, we made customary representations and warranties and agreed to customary covenants limiting our ability to, among other things, issue shares of capital stock; pay dividends; repurchase, redeem or acquire capital stock; redeem, repurchase, prepay or incur indebtedness; enter into, terminate or amend existing material contracts; enter into employment or severance agreements with certain employees; acquire equity interests or assets of third parties; sell or otherwise dispose of assets; and conduct restructuring or reorganization activities.

Business Acquisition, Equity Interests Issued or Issuable [Line Items]

Business combination, acquisition related costs

$ 8,235,000

$ 0

$ 16,907,000

$ 0

$ 4,000,000

$ 13,000,000

$ 4,000,000

$ 4,000,000

Gain (Loss) on Contract Termination

$ 23,000,000

Common stock, par value (in dollars per share)

$ 0.01

$ 0.01

$ 0.01

$ 0.01

$ 0.01

Business Acquisition, Share Price

$ 14.50

XML

Supplemental Consolidating Financial Information Condensed Statement of Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Condensed Statement Of Comprehensive Income [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Quarter Ended September 30, 2013
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(17,814	)	$	199		$	(1,237	)	$	9,029		$	(7,991	)	$	(17,814	)
Unrealized foreign currency translation gains	—			—			—			(753		)	—			(753		)
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—			—			—			—			—
Net other comprehensive income (loss) related to foreign currency translation	—			—			—			(753		)	—			(753		)
Unrealized gains (losses) on derivatives for the period	—			—			—			(6,183		)	—			(6,183		)
Derivative (gains) losses reclassified into Net sales	—			—			—			6,114			—			6,114
Derivative gains reclassified into Cost of sales	—			—			—			(2,277		)	—			(2,277		)
Net other comprehensive income (loss) related to derivatives	—			—			—			(2,346		)	—			(2,346		)
Actuarial gains (losses) for the period, net of tax	—			—			—			(42		)	—			(42		)
Amortization included in pension cost	—			124			—			218			—			342
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			124			—			176			—			300
Other comprehensive income (loss) of investments in subsidiaries	(2,799		)	(2,923		)	—			—			5,722			—
Comprehensive income (loss)	$	(20,613	)	$	(2,600	)	$	(1,237	)	$	6,106		$	(2,269	)	$	(20,613	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Nine Months Ended September 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(24,723	)	$	37,882		$	5,361	$	44,289		$	(87,532	)	$	(24,723	)
Unrealized foreign currency translation gains	—			—			—		16			—			16
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—			—		252			—			252
Net other comprehensive income (loss) related to foreign currency translation	—			—			—		268			—			268
Unrealized gains (losses) on derivatives for the period	—			—			—		22,467			—			22,467
Derivative (gains) losses reclassified into Net sales	—			—			—		504			—			504
Derivative gains reclassified into Cost of sales	—			—			—		586			—			586
Net other comprehensive income (loss) related to derivatives	—			—			—		23,557			—			23,557
Actuarial gains (losses) for the period, net of tax	—			(564		)	—		(341		)	—			(905		)
Amortization included in pension cost	—			308			—		585			—			893
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			(256		)	—		244			—			(12		)
Other comprehensive income (loss) of investments in subsidiaries	23,813			24,069			—		—			(47,882		)	—
Comprehensive income (loss)	$	(910	)	$	61,695		$	5,361	$	68,358		$	(135,414	)	$	(910	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Quarter September 30, 2014
(in thousands)
	CBII			CBLLC		Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(17,956	)	$	6,926	$	2,675	$	4,226		$	(13,827	)	$	(17,956	)
Unrealized foreign currency translation gains	—			—		—		1			—			1
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—		—		—			—			—
Net other comprehensive income (loss) related to foreign currency translation	—			—		—		1			—			1
Unrealized gains (losses) on derivatives for the period	—			—		—		19,072			—			19,072
Derivative (gains) losses reclassified into Net sales	—			—		—		(1,543		)	—			(1,543		)
Derivative gains reclassified into Cost of sales	—			—		—		822			—			822
Net other comprehensive income (loss) related to derivatives	—			—		—		18,351			—			18,351
Actuarial gains (losses) for the period, net of tax	—			1		—		(1		)	—			—
Amortization included in pension cost	—			102		—		195			—			297
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			103		—		194			—			297
Other comprehensive income (loss) of investments in subsidiaries	18,649			18,546		—		—			(37,195		)	—
Comprehensive income (loss)	$	693		$	25,575	$	2,675	$	22,772		$	(51,022	)	$	693

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Nine Months Ended September 30, 2013
(in thousands)
	CBII			CBLLC		Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	15,663		$	65,117	$	6,121	$	76,434		$	(147,672	)	$	15,663
Unrealized foreign currency translation gains	—			—		—		(381		)	—			(381		)
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—		—		—			—			—
Net other comprehensive income (loss) related to foreign currency translation	—			—		—		(381		)	—			(381		)
Change in fair value of available-for-sale investment	157			—		—		—			—			157
Realized gains of available-for-sale investment reclassified into Other income (expense), net	(561		)	—		—		—			—			(561		)
Net other comprehensive income (loss) related to available-for-sale investment	(404		)	—		—		—			—			(404		)
Unrealized gains (losses) on derivatives for the period	—			—		—		(8,308		)	—			(8,308		)
Derivative (gains) losses reclassified into Net sales	—			—		—		21,328			—			21,328
Derivative gains reclassified into Cost of sales	—			—		—		(7,267		)	—			(7,267		)
Net other comprehensive income (loss) related to derivatives	—			—		—		5,753			—			5,753
Actuarial gains (losses) for the period, net of tax	—			841		—		(2,289		)	—			(1,448		)
Amortization included in pension cost	—			372		—		646			—			1,018
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			1,213		—		(1,643		)	—			(430		)
Other comprehensive income (loss) of investments in subsidiaries	4,942			3,729		—		—			(8,671		)	—
Comprehensive income (loss)	$	20,201		$	70,059	$	6,121	$	80,163		$	(156,343	)	$	20,201

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Trade and Finance Receivables (Tables)

9 Months Ended

Sep. 30, 2014

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Finance receivables were as follows:

	September 30, 2014					December 31, 2013					September 30, 2013
(In thousands)	Grower Receivables			Seller Financing		Grower Receivables			Seller Financing		Grower Receivables			Seller Financing
Gross receivable	$	39,724		$	24,401	$	35,761		$	27,127	$	36,092		$	28,001
Reserve	(32,653		)	—		(32,877		)	—		(32,927		)	—
Net receivable	$	7,071		$	24,401	$	2,884		$	27,127	$	3,165		$	28,001
Current portion, net	$	7,071		$	4,229	$	2,884		$	3,990	$	3,165		$	3,913
Long-term portion, net	—			20,172		—			23,137		—			24,088
Net receivable	$	7,071		$	24,401	$	2,884		$	27,127	$	3,165		$	28,001

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Segment Information (Details) (USD $)	3 Months Ended		9 Months Ended		3 Months Ended			9 Months Ended			3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended		9 Months Ended			3 Months Ended					9 Months Ended				3 Months Ended	9 Months Ended		3 Months Ended			9 Months Ended		3 Months Ended	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Corporate costs		Sep. 30, 2013 Corporate costs	Sep. 30, 2014 Corporate costs		Sep. 30, 2013 Corporate costs	Sep. 30, 2014 Corporate costs Fyffes transaction General and administrative expense	Sep. 30, 2014 Corporate costs Fyffes transaction General and administrative expense	Sep. 30, 2014 Corporate costs Cutrale Safra transaction General and administrative expense	Sep. 30, 2014 Corporate costs Cutrale Safra transaction General and administrative expense	Sep. 30, 2014 Bananas [Member]	Sep. 30, 2013 Bananas [Member]	Sep. 30, 2014 Bananas [Member]		Sep. 30, 2013 Bananas [Member]	Sep. 30, 2014 Bananas [Member] Cost of sales	Sep. 30, 2014 Salads and Healthy Snacks		Sep. 30, 2013 Salads and Healthy Snacks		Sep. 30, 2014 Salads and Healthy Snacks		Sep. 30, 2013 Salads and Healthy Snacks		Sep. 30, 2014 Salads and Healthy Snacks General and administrative expense	Sep. 30, 2014 Salads and Healthy Snacks General and administrative expense	Sep. 30, 2013 Salads and Healthy Snacks Fruit ingredient business Cost of sales	Sep. 30, 2014 Other Produce		Sep. 30, 2013 Other Produce	Sep. 30, 2014 Other Produce	Sep. 30, 2013 Other Produce	Sep. 30, 2014 European Bananas [Member] General and administrative expense	Dec. 31, 2013 European Salads and Healthy Snacks	Dec. 31, 2012 European Salads and Healthy Snacks
Segment Reporting Information [Line Items]
Net sales	$ 738,551,000	$ 723,062,000	$ 2,326,388,000	$ 2,309,485,000											$ 477,472,000	$ 455,981,000	$ 1,516,343,000		$ 1,481,625,000		$ 234,235,000		$ 239,102,000	[1]	$ 713,163,000		$ 739,392,000	[1]				$ 26,844,000		$ 27,979,000	$ 96,882,000	$ 88,468,000		$ 2,000,000	$ 12,000,000
Operating income	(1,438,000)	1,153,000	35,883,000	66,867,000	(21,024,000)	[2]	(14,056,000)	(51,591,000)	[3]	(41,070,000)					18,138,000	18,039,000	82,159,000	[4]	101,438,000		6,236,000	[3]	(5,155,000)		9,978,000	[3]	4,595,000					(4,788,000)	[2]	2,325,000	(4,663,000)	1,904,000
Loss from Changeover of Vessels																				5,000,000
Gain (Loss) on Sale of Properties																																					1,000,000
inventory and equipment write downs and severance expense related to product resizing, product discontinuation and overhead savings initiatives																													2,000,000	5,000,000
Severance costs																															1,000,000
Liability for Unpaid Claims and Claims Adjustment Expense, Claims Paid, Prior Years																																3,000,000
Business combination, acquisition related costs	$ 8,235,000	$ 0	$ 16,907,000	$ 0							$ 4,000,000	$ 13,000,000	$ 4,000,000	$ 4,000,000

[1] Includes $5 million of cost related to the changeover of vessels at the end of the respective leases and a $1 million gain on the sale of a ripening facility in Europe in the nine months ended September 30, 2014.

[2] Includes $4 million and $13 million of costs for the quarter and nine months ended September 30, 2014, respectively, for the proposed combination with Fyffes. Includes $4 million of costs in the third quarter of 2014 for the due diligence related to the unsolicited offer from the Cutrale Group and the Safra Group.

[3] Includes $3 million in the third quarter of 2014 related to a claim settlement with a former supplier of other produce products that were discontinued in previous periods.

[4] Includes $2 million and $5 million of cost in the quarter and nine months ended September 30, 2014 related to severance, product resizing, product discontinuation, equipment write-downs and a legal settlement. Includes $1 million of "Cost of sales" in 2013 for severance costs related to a fruit ingredient business.

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Condensed Consolidated Statements of Cash Flow (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
OPERATIONS
Net income (loss)	$ (24,723)	$ 15,663
Depreciation and amortization	45,936	47,542
Loss on debt extinguishment	521	6,275
Reserve for trade receivables	5,085	3,141
Amortization of discount on Convertible Notes	9,144	8,100
Amortization of gain on sale of the shipping fleet	(6,290)	(10,381)
Stock-based compensation	5,583	4,523
Changes in current assets and liabilities and other	5,415	16,875
Operating cash flow	40,671	91,738
INVESTING
Capital expenditures	(38,836)	(36,165)
Contribution to equity-method investment	0	(13,102)
Net proceeds from sale of long-term assets	5,256	11,751
Other, net	(3,736)	3,559
Investing cash flow	(37,316)	(33,957)
FINANCING
Issuances of long-term debt	0	429,415
Repayments of long-term debt and capital lease obligations	(11,714)	(412,646)
Borrowings under the ABL Revolver	24,000	36,590
Repayments of the ABL Revolver	(24,000)	(36,590)
Repayments of the Credit Facility Revolver	0	(40,000)
Payments for debt modification and issuance costs	(266)	(13,810)
Payments of debt extinguishment costs	(300)	0
Financing cash flow	(12,280)	(37,041)
Increase (decrease) in cash and equivalents	(8,925)	20,740
Cash and equivalents, beginning of period	54,017	51,026
Cash and equivalents, end of period	$ 45,092	$ 71,766

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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net income (loss)	$ (17,956)	$ (17,814)	$ (24,723)	$ 15,663
Other comprehensive income (loss), net of tax, where applicable: [Abstract]
Unrealized foreign currency translation gains (losses)	1	(753)	16	(381)
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0	252	0
Net other comprehensive income (loss) related to foreign currency translation	1	(753)	268	(381)
Change in fair value of available-for-sale investment	0	0	0	157
Realized gains of available-for-sale investment reclassified into Other income (expense), net	0	0	0	(561)
Net other comprehensive loss related to available-for-sale investment	0	0	0	(404)
Unrealized gains (losses) on derivatives for the period	19,072	(6,183)	22,467	(8,308)
Derivative (gains) losses reclassified into Net sales	(1,543)	6,114	504	21,328
Derivative (gains) losses reclassified into Cost of sales	822	(2,277)	586	(7,267)
Net other comprehensive income (loss) related to derivatives	18,351	(2,346)	23,557	5,753
Actuarial losses for the period, net of $0, $3, $259 and $133, respectively, of income tax benefit	0	(42)	(905)	(1,448)
Amortization included in pension cost	297	342	893	1,018
Net other comprehensive gain (loss) related to defined benefit pension and severance plans	297	300	(12)	(430)
Other comprehensive income (loss), net of tax	18,649	(2,799)	23,813	4,538
Comprehensive income (loss)	$ 693	$ (20,613)	$ (910)	$ 20,201

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Advertising and Promotion Expense

9 Months Ended

Sep. 30, 2014

Marketing and Advertising Expense [Abstract]

Advertising and Promotion Expense

Advertising and Promotion Expense

Advertising and certain promotion expenses are included in "Selling, general and administrative" in the Condensed Consolidated Statements of Operations and were $5 million and $7 million for the quarters ended September 30, 2014 and 2013, respectively, and $19 million for each of the nine months ended September 30, 2014 and 2013.

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Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Oct. 28, 2014
Document And Entity Information [Abstract]
Entity Registrant Name	CHIQUITA BRANDS INTERNATIONAL INC
Entity Central Index Key	0000101063
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		47,112,311

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Stock-Based Compensation

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock-Based Compensation

Stock-Based Compensation

Stock-based compensation expense totaled $4 million and $2 million for the quarters ended September 30, 2014 and 2013 and $8 million and $7 million for the nine months ended September 30, 2014 and 2013 . Stock-based compensation expense relates primarily to our performance-based long-term incentive program ("LTIP"), stock options and restricted stock unit ("RSU") awards. LTIP awards cover three-year performance cycles and are measured partly on performance criteria (cumulative earnings per share and/or cumulative free cash flow generation) and partly on market criteria (total shareholder return relative to a peer group of companies). The fair value of LTIP awards containing performance criteria are based on our expectations of performance achievement and the closing stock price on the measurement date. The fair value of LTIP awards based on market criteria are measured using a Monte-Carlo simulation using publicly available data.

Our LTIP awards are liability-classified awards, which do not affect "Capital surplus" until and if these awards are paid in shares. All other stock-based compensation is equity-classified, and therefore affects "Capital surplus." Changes in "Capital surplus" are primarily a result of stock compensation:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands)	2014			2013			2014			2013
Stock-based compensation	$	1,818		$	1,713		$	5,493		$	5,541
Shares withheld for taxes	(683		)	(1,508		)	(940		)	(1,840		)
Capital surplus increase	$	1,135		$	205		$	4,553		$	3,701

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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]
Actuarial losses for the period, tax benefit	$ 0	$ 3	$ 259	$ 133

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Debt Including Capital Lease Obligations

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Debt Including Capital Lease Obligations

Debt including Capital Lease Obligations

The carrying values of our debt represent amortized cost and are summarized below with estimated fair values:

	September 30, 2014					December 31, 2013					September 30, 2013
	Carrying Value			Estimated Fair Value1		Carrying Value			Estimated Fair Value1		Carrying Value			Estimated Fair Value1
(In thousands)
7.875% Senior Secured Notes due 2021	$	412,403		$	449,000	$	422,174		$	459,000	$	422,100		$	453,000
4.25% Convertible Senior Notes due 2016	173,194			200,000		164,050			194,000		161,182			196,000
ABL Term Loan	5,250			5,000		6,375			6,000		6,750			6,000
Capital lease obligations2	42,142			42,000		39,025			39,000		32,171			32,000
Other debt	6,541			6,000		—			—		—			—
Less current portion	(4,648		)			(2,271		)			(2,191		)
Total long-term debt and capital lease obligations	$	634,882				$	629,353				$	620,012

¹  The fair value of the senior notes is based on observable inputs, which include quoted prices for similar assets or liabilities in an active market and market-corroborated inputs (Level 2). All other debt may be traded on the secondary loan market, and the fair value is based on either the last available trading price, if recent, or trading prices of comparable debt (Level 3). See Note 8 for further discussion of fair value.

² Capital lease obligations include the borrowings for the salad production and warehousing facility in the Midwest. See further description of the build-to-suit lease below.

7.875% SENIOR SECURED NOTES

In February 2013, Chiquita Brands International, Inc. ("CBII") and its main operating subsidiary, Chiquita Brands L.L.C. ("CBL"), completed the offering of $425 million of 7.875% senior secured notes due February 1, 2021 ("7.875% Notes"). The notes were issued at 99.274% of par, resulting in a recorded discount that will be amortized over the life of the 7.875% Notes to reflect the effective interest rate of 8.0%. The 7.875% Notes were registered with the United States Securities and Exchange Commission through an exchange offer on January 6, 2014, which was completed on February 4, 2014. The 7.875% Notes bear interest of 7.875% per year (payable semi-annually in arrears on February 1 and August 1 of each year). On January 31, 2014, we redeemed $10 million of the 7.875% Notes at 103% of the principal amount (plus interest to the redemption date), incurring less than $1 million of expense in 2014 for call premiums and deferred financing fee write-offs.

On or before February 1, 2016, CBII and CBL may redeem on one or more occasions up to 35% of the aggregate principal amounts with cash proceeds from certain equity sales at a redemption price of 107.875% of the principal amount plus accrued interest, provided that at least 65% of the original aggregate principal amount of the 7.875% Notes remains outstanding after each such redemption. Also, on or before February 5, 2016, CBII and CBL may redeem a portion of the 7.875% Notes at a redemption price of 103% of the principal amount plus accrued interest, provided that no more than $42.5 million aggregate principal amount may be redeemed each year. CBII and CBL may also redeem the 7.875% Notes as follows:

If redeemed during the 12-month period commencing February 1,	Redemption Price
2016	105.906%
2017	103.938%
2018	101.969%
2019 and thereafter	100.000%

Upon a change of control of CBII, CBII and CBL (or a third party on their behalf) will be required to make an offer to purchase the notes at 101% of their principal amount, plus accrued interest.

4.25% CONVERTIBLE SENIOR NOTES

Our $200 million of 4.25% Convertible Senior Notes due 2016 ("Convertible Notes") are convertible at an initial conversion rate of 44.5524 shares of common stock per $1,000 in principal amount, equivalent to an initial conversion price of approximately $22.45 per share of common stock. The conversion rate is subject to adjustment based on certain dilutive events, including stock splits, stock dividends and other distributions (including cash dividends) in respect of the common stock. Holders of the Convertible Notes may tender their notes for conversion between May 15 and August 14, 2016, in multiples of $1,000 in principal amount, without limitation. Prior to May 15, 2016, holders of the Convertible Notes may tender the notes for conversion only under certain circumstances, in accordance with their terms.

The carrying amounts of the debt and equity components of the Convertible Notes are as follows:

(In thousands)	September 30, 2014			December 31, 2013			September 30, 2013
Principal amount of debt component1	$	200,000		$	200,000		$	200,000
Unamortized discount	(26,806		)	(35,950		)	(38,818		)
Net carrying amount of debt component	$	173,194		$	164,050		$	161,182
Equity component	$	84,904		$	84,904		$	84,904
Issuance costs and income taxes	(3,210		)	(3,210		)	(3,210		)
Equity component, net of issuance costs and income taxes	$	81,694		$	81,694		$	81,694

¹  As of September 30, 2014, December 31, 2013 and September 30, 2013, the Convertible Notes' "if-converted" value did not exceed their principal amount because our common stock price was below the conversion price of the Convertible Notes.

The interest expense related to the Convertible Notes was as follows:

	Quarter Ended September 30,				Nine Months Ended September 30,
(In thousands)	2014		2013		2014		2013
4.25% coupon interest	$	2,125	$	2,125	$	6,375	$	6,375
Amortization of deferred financing fees	117		117		352		352
Amortization of discount on the debt component	3,141		2,782		9,144		8,100
Total interest expense related to the Convertible Notes	$	5,383	$	5,024	$	15,871	$	14,827

ASSET-BASED LENDING FACILITY

CBII and CBL also entered into a 5-year secured asset-based lending facility ("ABL Facility") concurrently with the closing of the 7.875% Notes offering on February 5, 2013. The ABL Facility consists of a revolver (the "ABL Revolver") and a $7.5 million term loan (the "ABL Term Loan"). The ABL Facility matures at the earlier of February 5, 2018 or 60 days prior to the maturity of the 4.25% Convertible Senior Notes due August 15, 2016, unless such notes have been satisfactorily refinanced. The ABL Term Loan requires annual repayments of approximately $2 million.

The ABL Facility has a maximum borrowing capacity of $150 million, with the ABL Revolver subject to a borrowing base calculation based on specified percentages of domestic receivables, certain inventory and certain domestic machinery and equipment.

At September 30, 2014, there were no borrowings under the ABL Revolver, under which $84 million was available after $25 million was used to support letters of credit.

Loans under the ABL Facility bear interest at:

• A rate equal to LIBOR plus a margin of from 1.75% to 2.25%, or Base Rate plus a margin of from 0.25% to 0.75%, determined based on levels of borrowing availability reset each fiscal quarter;

• In the case of the Fixed Asset Sub-Line, a rate equal to LIBOR plus a margin from 2.25% to 2.75%, or Base Rate plus a margin of from 0.75% to 1.25%, determined based on levels of borrowing availability reset each fiscal quarter; and

• In the case of the ABL Term Loan, a rate equal to LIBOR plus a margin from 2.75% to 3.25%, or Base Rate plus a margin of from 1.25% to 1.75%, determined based on levels of borrowing availability reset each fiscal quarter.

At September 30, 2014, the weighted average interest rate for the ABL Facility was LIBOR plus 2.75%, or 2.91%.

The ABL Facility contains a fixed charge coverage ratio covenant that did not apply at September 30, 2014 because it is only applicable when excess availability (as defined under such facility) is less than $20 million. The ABL Facility also contains a covenant requiring CBII and its subsidiaries to maintain substantially all of its cash in accounts that are subject to the control of the collateral agent under the ABL Facility that did not apply at September 30, 2014 because it is only applicable when (a) an event of default under the facility occurs and is continuing or (b) excess availability (as defined under such facility) is less than $25 million.

The ABL facility also contains other customary affirmative and negative covenants, including limitations on CBII and its subsidiaries' ability to incur indebtedness, create or permit the existence of liens over their assets, engage in certain mergers, asset sales and liquidations, prepay certain indebtedness, pay dividends and other "restricted payments," and engage in transactions with their affiliates, in each case subject to customary exceptions. At September 30, 2014, we were in compliance with the ABL and its other agreements and expect to remain in compliance for at least the next twelve months.

BUILD-TO-SUIT LEASE FOR MIDWEST SALAD PLANT CONSOLIDATION

In June 2012, we entered into a 20-year lease agreement for a salad production and warehousing facility in the Midwest that replaced three existing facilities in the region. The lease agreement contains two5-year extension periods. The plant was phased into service during 2013, and the construction costs were finalized on March 31, 2014 resulting in an interest rate of 6.3% to calculate the capital lease liability and future payments. Lease payments will increase annually based on CPI. The total liability related to this facility was $42 million, $38 million and $38 million at September 30, 2014, December 31, 2013 and September 30, 2013, respectively, of which approximately $1 million was current at each of those dates. At September 30, 2014 and December 31, 2013, this liability was included as a capital lease obligation on the Condensed Consolidated Balance Sheets. At September 30, 2013, $31 million was included as a capital lease obligation corresponding to the portion of the leased facility that was placed into service and $1 million and $6 million obligations corresponding to the construction in progress of the leased facility were included in "Accrued liabilities" and "Other liabilities", respectively. Though the construction costs were financed by the lessor, we acted as the construction agent and were responsible for all construction activity during the construction period because of the specialized nature of the facility. As a result, we were treated as the owner for accounting purposes during the construction period.

OTHER DEBT

In the first quarter of 2014, we purchased a group of banana farms in Honduras that were adjacent to farms that we already owned. The purchase included approximately 700 hectares of land, of which nearly 450 hectares are in production, as well as related buildings and equipment. The purchase price was $10 million, of which $3 million was paid at closing and is included in "Investing: Other, net" in the Condensed Consolidated Statement of Cash Flows. The remaining $7 million was financed by the sellers and is payable in annual installments over four years. The agreement did not specify an interest rate, and we calculated the debt balance using the effective rate method and an estimated interest rate of 8%.

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Inventories

9 Months Ended

Sep. 30, 2014

Inventory, Net [Abstract]

Inventories

Inventories

Inventories consist of the following:

(In thousands)	September 30, 2014		December 31, 2013		September 30, 2013
Finished goods	$	69,244	$	69,450	$	79,706
Growing crops	73,068		74,985		79,899
Raw materials, supplies and other	66,619		66,129		75,178
	$	208,931	$	210,564	$	234,783

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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Basic and diluted earnings (loss) per common share ("EPS") are calculated as follows:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands, except per share amounts)	2014			2013			2014			2013
Net income (loss)	$	(17,956	)	$	(17,814	)	$	(24,723	)	$	15,663
Weighted average common shares outstanding (used to calculate basic EPS)	46,981			46,633			46,915			46,495
Dilutive effect of stock options and other stock awards	—			—			—			940
Weighted average common shares outstanding (used to calculate diluted EPS)	46,981			46,633			46,915			47,435
Earnings (loss) per common share – basic	$	(0.38	)	$	(0.38	)	$	(0.53	)	$	0.34
Earnings (loss) per common share – diluted	$	(0.38	)	$	(0.38	)	$	(0.53	)	$	0.33

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Segment Information

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

We report three business segments:

• Bananas: Includes the sourcing (purchase and production), transportation, marketing and distribution of bananas.

• Salads and Healthy Snacks: Includes ready-to-eat, packaged salads, referred to in the industry as "value-added salads" and other value-added products, such as healthy snacking items, fresh vegetable and fruit ingredients used in food service; and processed fruit ingredients.

• Other Produce: Includes the sourcing, marketing and distribution of whole fresh produce other than bananas. The primary product of the Other Produce segment is pineapples.

Certain corporate expenses are not allocated to the reportable segments and are included in "Corporate costs". Inter-segment transactions are eliminated.

Financial information for each segment follows:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands)	2014			2013			2014			2013
Net sales:
Bananas	$	477,472		$	455,981		$	1,516,343		$	1,481,625
Salads and Healthy Snacks1	234,235			239,102			713,163			739,392
Other Produce	26,844			27,979			96,882			88,468
	$	738,551		$	723,062		$	2,326,388		$	2,309,485
Operating income (loss):
Bananas2	$	18,138		$	18,039		$	82,159		$	101,438
Salads and Healthy Snacks3	6,236			(5,155		)	9,978			4,595
Other Produce4	(4,788		)	2,325			(4,663		)	1,904
Corporate costs5	(21,024		)	(14,056		)	(51,591		)	(41,070		)
	$	(1,438	)	$	1,153		$	35,883		$	66,867

¹  In the second quarter of 2013, we sold one of our European healthy snacking businesses which represented approximately $12 million in annual net sales and had an insignificant effect on operating income. In the first quarter of 2014, we disposed of another non-core healthy snacking business in Europe which represented approximately $2 million in annual net sales. Both disposals had insignificant effects on operating income (loss).

²  Includes $5 million of cost related to the changeover of vessels at the end of the respective leases and a $1 million gain on the sale of a ripening facility in Europe in the nine months ended September 30, 2014.

³  Includes $2 million and $5 million of cost in the quarter and nine months ended September 30, 2014 related to severance, product resizing, product discontinuation, equipment write-downs and a legal settlement. Includes $1 million of "Cost of sales" in 2013 for severance costs related to a fruit ingredient business.

⁴  Includes $3 million in the third quarter of 2014 related to a claim settlement with a former supplier of other produce products that were discontinued in previous periods.

⁵  Includes $4 million and $13 million of costs for the quarter and nine months ended September 30, 2014, respectively, for the proposed combination with Fyffes. Includes $4 million of costs in the third quarter of 2014 for the due diligence related to the unsolicited offer from the Cutrale Group and the Safra Group.

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Reclassifications from Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2014

Reclassifications from Accumulated Other Comprehensive Income [Abstract]

Reclassifications from Accumulated Other Comprehensive Income

Reclassifications from Accumulated Other Comprehensive Income

Gains and losses deferred in "Accumulated other comprehensive income (loss)" ("AOCI") are reclassified and recognized in the Condensed Consolidated Statements of Operations when they are realized. The items in the table below do not have an income tax effect because they are either permanent differences in the income tax calculation or they relate to jurisdictions where we have established full valuation allowances against our deferred tax assets. Amounts of (income) expense reclassified from AOCI are as follows (in thousands):

AOCI Component	Line Items Affected by Reclassifications from AOCI in the Condensed Consolidated Statements of Operations	(Income) / expense reclassified from AOCI for the quarter ended September 30,						(Income) / expense reclassified from AOCI for the nine months ended September 30,
		2014			2013			2014		2013
Currency translation	Other income (expense), net	$	—		$	—		$	252	$	—
Available-for-sale investment	Other income (expense), net	—			—			—		(561		)
Currency hedge portfolio derivatives	Net sales	(1,543		)	6,114			504		21,328
Bunker fuel forward contracts	Cost of sales	822			(2,277		)	586		(7,267		)
Prior service cost and recognized actuarial loss amortization related to pensions*		297			342			893		1,018

* These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 9 for further details.

The changes in the components of accumulated other comprehensive income, net of tax, for the quarter and nine months ended September 30, 2014 were as follows:

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Net unrecognized losses related to pension and severance plans (1)			Total
Balance at June 30, 2014	$	(202	)	$	(448	)	$	(19,969	)	$	(20,619	)
Other comprehensive income (loss) before reclassifications	1			19,072			—			19,073
Amounts reclassified from accumulated other comprehensive income	—			(721		)	297			(424		)
Net current-period other comprehensive income (loss)	1			18,351			297			18,649
Balance at September 30, 2014	$	(201	)	$	17,903		$	(19,672	)	$	(1,970	)

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Net unrecognized losses related to pension and severance plans (1)			Total
Balance at December 31, 2013	$	(469	)	$	(5,654	)	$	(19,660	)	$	(25,783	)
Other comprehensive income (loss) before reclassifications	16			22,467			(905		)	21,578
Amounts reclassified from accumulated other comprehensive income	252			1,090			893			2,235
Net current-period other comprehensive income (loss)	268			23,557			(12		)	23,813
Balance at September 30, 2014	$	(201	)	$	17,903		$	(19,672	)	$	(1,970	)

⁽¹⁾Net of deferred tax liability of $271, $271, and $530 as of September 30, 2014, June 30, 2014, and December 31, 2013, respectively.

The changes in the components of accumulated other comprehensive income, net of tax, for the quarter and nine months ended September 30, 2013 were as follows:

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Unrealized gains on available-for-sale investment		Net unrecognized losses related to pension and severance plans (1)			Total
Balance at June 30, 2013	$	252		$	(8,463	)	$	—	$	(24,977	)	$	(33,188	)
Other comprehensive income (loss) before reclassifications	(753		)	(6,183		)	—		(42		)	(6,978		)
Amounts reclassified from accumulated other comprehensive income	—			3,837			—		342			4,179
Net current-period other comprehensive income	(753		)	(2,346		)	—		300			(2,799		)
Balance at September 30, 2013	$	(501	)	$	(10,809	)	$	—	$	(24,677	)	$	(35,987	)

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Unrealized gains on available-for-sale investment			Net unrecognized losses related to pension and severance plans (1)			Total
Balance at December 31, 2012	$	(120	)	$	(16,562	)	$	404		$	(24,247	)	$	(40,525	)
Other comprehensive income (loss) before reclassifications	(381		)	(8,308		)	157			(1,448		)	(9,980		)
Amounts reclassified from accumulated other comprehensive income	—			14,061			(561		)	1,018			14,518
Net current-period other comprehensive income	(381		)	5,753			(404		)	(430		)	4,538
Balance at September 30, 2013	$	(501	)	$	(10,809	)	$	—		$	(24,677	)	$	(35,987	)

⁽¹⁾Net of deferred tax liability of $150, $153 and $283 as of September 30, 2013, June 30, 2013 and December 31, 2012, respectively.

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Pension and Severance Benefits (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]
Service cost	$ 1,855	$ 1,864	$ 5,565	$ 5,592
Interest on projected benefit obligation	1,411	1,300	4,241	3,894
Expected return on plan assets	(334)	(333)	(1,005)	(996)
Recognized actuarial loss	265	310	797	922
Amortization of prior service cost	32	32	96	96
Defined benefit and severance plan expense	$ 3,229	$ 3,173	$ 9,694	$ 9,508

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Fair Value Measurements

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

Fair value is the price to hypothetically sell an asset or transfer a liability in an orderly manner in the principal market for that asset or liability. Accounting standards prioritize the use of observable inputs in measuring fair value. The level of a fair value measurement is determined entirely by the lowest level input that is significant to the measurement. The three levels are (from highest to lowest):

Level 1 – observable prices in active markets for identical assets and liabilities;

Level 2 – observable inputs other than quoted market prices in active markets for identical assets and liabilities, which include quoted prices for similar assets or liabilities in an active market and market-corroborated inputs; and

Level 3 – unobservable inputs.

The following table summarizes financial assets and liabilities carried at fair value, including derivative instruments on a gross basis, and the location of these instruments on the Condensed Consolidated Balance Sheets as of September 30, 2014, December 31, 2013 and September 30, 2013:

		Assets (Liabilities)			Fair Value Measurements Using
(In thousands)		at Fair Value			Level 1		Level 2			Level 3
September 30, 2014
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	22,593		$	—	$	22,593		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(750		)	—		(750		)	—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	(3,373		)	—		(3,373		)	—
30-day euro forward contracts	Gross amounts of recognized assets	502			—		502			—
Net amount recorded in other current assets		18,972			—		18,972			—
September 30, 2014		$	18,972		$	—	$	18,972		$	—
December 31, 2013
Derivatives recorded in "Investments & other assets, net":
Currency hedge portfolio	Gross amounts offset in the balance sheets	$	(220	)	—		$	(220	)	—
Bunker fuel forward contracts1	Gross amounts of recognized assets	953			—		953			—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	(100		)	—		(100		)	—
Net amount recorded in investments & other assets, net		633			—		633			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	1,250			—		1,250			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(5,947		)	—		(5,947		)	—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	778			—		778			—
Bunker fuel forward contracts1	Gross amounts of recognized liabilities	(643		)	—		(643		)	—
30-day euro forward contracts	Gross amounts offset in the balance sheets	245			—		245			—
Net amount recorded in accrued liabilities		(4,317		)	—		(4,317		)	—
Derivatives recorded in "Other liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	833			—		833			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(930		)	—		(930		)	—
Net amount recorded in other liabilities		(97		)	—		(97		)	—
December 31, 2013		$	(3,781	)	$	—	$	(3,781	)	$	—

		Assets (Liabilities)			Fair Value Measurements Using
(In thousands)		at Fair Value			Level 1		Level 2			Level 3
September 30, 2013
Derivatives recorded in "Investments & other assets, net":
Currency hedge portfolio	Gross amounts of recognized assets	515			—		515			—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(465		)	—		(465		)	—
Bunker fuel forward contracts1	Gross amounts of recognized assets	196					196
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	(137		)			(137		)
Bunker fuel forward contracts2	Gross amounts of recognized assets	22			—		22			—
Bunker fuel forward contracts2	Gross amounts offset in the balance sheets	(70		)	—		(70		)	—
Net amount recorded in investments & other assets, net		61			—		61			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	1,163			—		1,163			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(10,913		)	—		(10,913		)	—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	1,212			—		1,212			—
Bunker fuel forward contracts1	Gross amounts of recognized liabilities	(611		)	—		(611		)	—
Bunker fuel forward contracts2	Gross amounts offset in the balance sheets	282			—		282			—
Bunker fuel forward contracts2	Gross amounts of recognized liabilities	(203		)	—		(203		)	—
30-day euro forward contracts	Gross amounts offset in the balance sheets	17			—		17			—
30-day euro forward contracts	Gross amounts of recognized liabilities	(108		)	—		(108		)	—
	Net amount recorded in accrued liabilities	(9,161		)	—		(9,161		)	—
Derivatives recorded in "Other liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	196			—		196			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(233		)	—		(233		)	—
Bunker fuel forward contracts1	Gross amounts offset in the balance sheets	145					145
Bunker fuel forward contracts1	Gross amounts of recognized liabilities	(835		)			(835		)
Bunker fuel forward contracts2	Gross amounts offset in the balance sheets	12			—		12			—
Bunker fuel forward contracts2	Gross amounts of recognized liabilities	(236		)	—		(236		)	—
Net amount recorded in other liabilities		(951		)	—		(951		)	—
September 30, 2013		$	(10,051	)	$	—	$	(10,051	)	$	—

¹ Bunker fuel forward contracts designated as cash flow hedges.

² Bunker fuel forward contracts not designated as hedging instruments.

Except as described in Note 7, currency hedge portfolio and bunker fuel forward contracts are designated as hedging instruments. 30-day euro forward contracts are not designated as hedging instruments. To the extent derivatives in an asset position and derivatives in a liability position are with the same counterparty, they are netted in the Condensed Consolidated Balance Sheets because we enter into master netting arrangements with each of our hedging partners.

We value fuel hedging positions by applying an observable discount rate to the current forward prices of identical hedge positions. We value currency hedging positions by utilizing observable or market-corroborated inputs such as exchange rates, volatility and forward yield curves. We trade only with counterparties that meet certain liquidity and creditworthiness standards and do not anticipate non-performance by any of these counterparties. We do not require collateral from our counterparties, nor are we obligated to provide collateral when contracts are in a liability position. However, consideration of non-performance risk is required when valuing derivative instruments, and we include an adjustment for non-performance risk in the recognized measure of derivative instruments to reflect the full credit default spread ("CDS") applied to a net exposure for each counterparty. When there is a net asset position, we use the counterparty's CDS; when there is a net liability position, we use our own estimated CDS. CDS is generally not a significant input in measuring fair value and was not significant for any of our derivative instruments in any period presented. See further discussion and tabular disclosure of hedging activity in Note 7.

Financial instruments not carried at fair value consist of our debt. See further fair value discussion and tabular disclosure related to debt in Note 6.

Fair value measurements of benefit plan assets included in net benefit plan liabilities are based on quoted market prices in active markets (Level 1) or quoted prices in inactive markets (Level 2). The carrying amounts of cash and equivalents, accounts receivable, other receivables including current and non-current finance receivables and accounts payable approximate fair value. Level 3 fair value measurements are used in certain non-recurring items, including the impairment reviews of goodwill and intangible assets, which take place annually during the fourth quarter, or as circumstances indicate the possibility of impairment. Level 3 fair value measurements are also used in measuring non-recurring items, including impairments related to long-lived assets whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable.

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Pension and Severance Benefits

9 Months Ended

Sep. 30, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Severance Benefits

Pension and Severance Benefits

Net pension expense from our defined benefit and severance plans are primarily comprised of severance plans covering Central American employees and consists of the following:

	Quarter Ended September 30,						Nine Months Ended September 30,
(In thousands)	2014			2013			2014			2013
Service cost	$	1,855		$	1,864		$	5,565		$	5,592
Interest on projected benefit obligation	1,411			1,300			4,241			3,894
Expected return on plan assets	(334		)	(333		)	(1,005		)	(996		)
Recognized actuarial loss	265			310			797			922
Amortization of prior service cost	32			32			96			96
Defined benefit and severance plan expense	$	3,229		$	3,173		$	9,694		$	9,508

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Income Taxes

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The effective tax rates were (3.0)% and (27.1)% for the quarters ended September 30, 2014 and 2013, respectively, and (73.7)% and 20.5% for the nine months ended September 30, 2014 and 2013, respectively. We record income taxes using an estimated annual effective tax rate for interim reporting. Under the annual effective tax rate method, jurisdictions with a projected loss where no tax benefit can be recognized are excluded from the calculation of the estimated annual effective tax rate.

The effective tax rates for the quarters and nine months ended September 30, 2014 and 2013 were impacted by the mix in earnings among domestic and foreign jurisdictions, losses in various jurisdictions and certain discrete items. Many of these foreign jurisdictions have tax rates that are lower than the U.S. statutory rate, and we continue to maintain full valuation allowances on net deferred tax assets in certain of these foreign jurisdictions. The effective tax rates for the quarters and nine months ended September 30, 2014 and 2013 were also impacted by our continuing to maintain a full valuation allowance on U.S. net deferred tax assets. The company recorded out of period adjustments in the second quarter of 2013 that resulted in $3 million of income tax benefit related to 2012 and 2011.

As previously disclosed, the tax authority in Ecuador is challenging the transfer pricing practices of major banana exporters and has assessed $23 million of income taxes, penalties and interest related to transfer pricing from 2008 through 2010 and $5 million of statutorily required profit sharing related to transfer pricing from 2010. Other tax years remain open and under audit and may result in additional assessments before the matter is resolved. We believe appropriate transfer pricing was used and that more likely than not, we will succeed upon appeal. Therefore, we do not have unrecognized tax benefits related to this matter included in our September 30, 2014, December 31, 2013 or September 30, 2013 balance sheets.

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Income Taxes - Out of Period Adjustments (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income Tax Expense (Benefit)	$ 518	$ 3,800	$ (3,000)	$ 10,487	$ 4,050

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Stock-Based Compensation (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 4	$ 2	$ 8	$ 7
LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance cycle covered by award			3 years

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Tax Contingency [Line Items]
Effective tax rate	0.00%	(30.00%)	(70.00%)	20.00%
2008 through 2010 [Member] | Foreign Tax Authority [Member]
Income Tax Contingency [Line Items]
Income taxes, penalties and interest to transfer pricing			$ 23
2010 [Domain] | Foreign Tax Authority [Member]
Income Tax Contingency [Line Items]
Statutorily required profit sharing related to transfer pricing			$ 5

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New Accounting Standards (Tables)

9 Months Ended

Sep. 30, 2014

Accounting Changes and Error Corrections [Abstract]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

New accounting standards that could significantly affect our Condensed Consolidated Financial Statements are summarized as follows:

Standard Name	Issued	Description	Effective Date for Chiquita	Effect on Chiquita's Condensed Consolidated Financial Statements
Revenue from Contracts with Customers	May 2014 ASU 2014-09	Requires additional considerations for timing and amount of revenue recognition for contract sales with customers.	Retrospective, beginning December 2016. Early adoption is not permitted.	The guidance permits the use of either a retrospective or cumulative effect transition method. We have not yet selected a transition method and will evaluate the effect of the standard on our sales contracts with customers, evaluate methods of adoption and monitor other future potential effects.
Presentation of Financial Statements and Property, Plant, and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity	April 2014 ASU 2014-08	Requires additional disclosures about changing the criteria for reporting discontinued operations if the disposal represents a strategic shift that has or will have a major effect on an entity's operations	Prospectively, beginning January 1, 2015; early adoption permitted.	We have opted for early adoption, which did not have a significant impact on our financial results. We will continue to monitor the potential impact of this early adoption on future filings.
Income Taxes: Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists	July 2013 ASU 2013-11	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.	Adoption did not have a significant effect on the disclosure of our deferred taxes.

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Debt Including Capital Lease Obligations - Other Debt (Details) (USD $)	Sep. 30, 2014 ha
Debt Instrument [Line Items]
Hectares of land	700
Farms purchase price	$ 10,000,000
Cash paid for farms	3,000,000
Other debt [Member]
Debt Instrument [Line Items]
Amount financed for farms purchase	$ 6,541,000
Effective interest rate	8.00%
Land [Member]
Debt Instrument [Line Items]
Hectares of land	450

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New Accounting Standards

9 Months Ended

Sep. 30, 2014

Accounting Changes and Error Corrections [Abstract]

New Accounting Standards

New Accounting Standards

New accounting standards that could significantly affect our Condensed Consolidated Financial Statements are summarized as follows:

Standard Name	Issued	Description	Effective Date for Chiquita	Effect on Chiquita's Condensed Consolidated Financial Statements
Revenue from Contracts with Customers	May 2014 ASU 2014-09	Requires additional considerations for timing and amount of revenue recognition for contract sales with customers.	Retrospective, beginning December 2016. Early adoption is not permitted.	The guidance permits the use of either a retrospective or cumulative effect transition method. We have not yet selected a transition method and will evaluate the effect of the standard on our sales contracts with customers, evaluate methods of adoption and monitor other future potential effects.
Presentation of Financial Statements and Property, Plant, and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity	April 2014 ASU 2014-08	Requires additional disclosures about changing the criteria for reporting discontinued operations if the disposal represents a strategic shift that has or will have a major effect on an entity's operations	Prospectively, beginning January 1, 2015; early adoption permitted.	We have opted for early adoption, which did not have a significant impact on our financial results. We will continue to monitor the potential impact of this early adoption on future filings.
Income Taxes: Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists	July 2013 ASU 2013-11	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.	Adoption did not have a significant effect on the disclosure of our deferred taxes.

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Debt Including Capital Lease Obligations (Tables)

9 Months Ended

Sep. 30, 2014

Debt Instrument, Redemption [Line Items]

Debt Instrument Redemption [Table Text Block]

On or before February 1, 2016, CBII and CBL may redeem on one or more occasions up to 35% of the aggregate principal amounts with cash proceeds from certain equity sales at a redemption price of 107.875% of the principal amount plus accrued interest, provided that at least 65% of the original aggregate principal amount of the 7.875% Notes remains outstanding after each such redemption. Also, on or before February 5, 2016, CBII and CBL may redeem a portion of the 7.875% Notes at a redemption price of 103% of the principal amount plus accrued interest, provided that no more than $42.5 million aggregate principal amount may be redeemed each year. CBII and CBL may also redeem the 7.875% Notes as follows:

If redeemed during the 12-month period commencing February 1,	Redemption Price
2016	105.906%
2017	103.938%
2018	101.969%
2019 and thereafter	100.000%

Upon a change of control of CBII, CBII and CBL (or a third party on their behalf) will be required to make an offer to purchase the notes at 101% of their principal amount, plus accrued interest.

Schedule of carrying values and estimated fair values of debt instruments

The carrying values of our debt represent amortized cost and are summarized below with estimated fair values:

	September 30, 2014					December 31, 2013					September 30, 2013
	Carrying Value			Estimated Fair Value1		Carrying Value			Estimated Fair Value1		Carrying Value			Estimated Fair Value1
(In thousands)
7.875% Senior Secured Notes due 2021	$	412,403		$	449,000	$	422,174		$	459,000	$	422,100		$	453,000
4.25% Convertible Senior Notes due 2016	173,194			200,000		164,050			194,000		161,182			196,000
ABL Term Loan	5,250			5,000		6,375			6,000		6,750			6,000
Capital lease obligations2	42,142			42,000		39,025			39,000		32,171			32,000
Other debt	6,541			6,000		—			—		—			—
Less current portion	(4,648		)			(2,271		)			(2,191		)
Total long-term debt and capital lease obligations	$	634,882				$	629,353				$	620,012

¹  The fair value of the senior notes is based on observable inputs, which include quoted prices for similar assets or liabilities in an active market and market-corroborated inputs (Level 2). All other debt may be traded on the secondary loan market, and the fair value is based on either the last available trading price, if recent, or trading prices of comparable debt (Level 3). See Note 8 for further discussion of fair value.

² Capital lease obligations include the borrowings for the salad production and warehousing facility in the Midwest. See further description of the build-to-suit lease below.

Carrying amounts of convertible debt and equity components

The carrying amounts of the debt and equity components of the Convertible Notes are as follows:

(In thousands)	September 30, 2014			December 31, 2013			September 30, 2013
Principal amount of debt component1	$	200,000		$	200,000		$	200,000
Unamortized discount	(26,806		)	(35,950		)	(38,818		)
Net carrying amount of debt component	$	173,194		$	164,050		$	161,182
Equity component	$	84,904		$	84,904		$	84,904
Issuance costs and income taxes	(3,210		)	(3,210		)	(3,210		)
Equity component, net of issuance costs and income taxes	$	81,694		$	81,694		$	81,694

¹  As of September 30, 2014, December 31, 2013 and September 30, 2013, the Convertible Notes' "if-converted" value did not exceed their principal amount because our common stock price was below the conversion price of the Convertible Notes.

The interest expense related to the Convertible Notes was as follows:

	Quarter Ended September 30,				Nine Months Ended September 30,
(In thousands)	2014		2013		2014		2013
4.25% coupon interest	$	2,125	$	2,125	$	6,375	$	6,375
Amortization of deferred financing fees	117		117		352		352
Amortization of discount on the debt component	3,141		2,782		9,144		8,100
Total interest expense related to the Convertible Notes	$	5,383	$	5,024	$	15,871	$	14,827

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Debt Including Capital Lease Obligations - Asset-Based Lending Facility (Details) (USD $)	0 Months Ended	9 Months Ended																9 Months Ended
	Feb. 05, 2013 ABL Facility	Sep. 30, 2014 ABL Facility	Sep. 30, 2014 ABL Facility LIBOR	Sep. 30, 2014 ABL Facility LIBOR Minimum	Sep. 30, 2014 ABL Facility LIBOR Maximum	Sep. 30, 2014 ABL Facility Base Rate	Sep. 30, 2014 ABL Facility Base Rate Minimum	Sep. 30, 2014 ABL Facility Base Rate Maximum	Sep. 30, 2014 ABL Facility fixed charge coverage ratio [Domain]	Sep. 30, 2014 ABL Term Loan	Sep. 30, 2014 ABL Term Loan LIBOR	Sep. 30, 2014 ABL Term Loan LIBOR Minimum	Sep. 30, 2014 ABL Term Loan LIBOR Maximum	Sep. 30, 2014 ABL Term Loan Base Rate	Sep. 30, 2014 ABL Term Loan Base Rate Minimum	Sep. 30, 2014 ABL Term Loan Base Rate Maximum	Sep. 30, 2014 ABL Revolver	Sep. 30, 2014 Fixed asset sub-line LIBOR	Sep. 30, 2014 Fixed asset sub-line LIBOR Minimum	Sep. 30, 2014 Fixed asset sub-line LIBOR Maximum	Sep. 30, 2014 Fixed asset sub-line Base Rate	Sep. 30, 2014 Fixed asset sub-line Base Rate Minimum	Sep. 30, 2014 Fixed asset sub-line Base Rate Maximum	Sep. 30, 2014 ABL Facility, letter of credit	Sep. 30, 2014 Senior notes 7.875% Senior Notes	Dec. 31, 2013 Senior notes 7.875% Senior Notes	Sep. 30, 2013 Senior notes 7.875% Senior Notes	Feb. 28, 2013 Senior notes 7.875% Senior Notes	Feb. 05, 2013 Senior notes 7.875% Senior Notes
Line of Credit Facility [Line Items]
ABL Facility term	5 years
Stated interest rate on debt instrument																									7.875%	7.875%	7.875%	7.875%	7.875%
ABL Facility maturity period prior to maturity of the 4.25% Convertible Senior Notes		60 days
ABL maximum borrowings capacity		$ 150,000,000								$ 7,500,000
ABL Term Loan periodic payment										2,000,000
ABL amount outstanding																								25,000,000
Remaining borrowing capacity of the Facility																	$ 84,000,000
Variable rate basis		LIBOR	LIBOR			Base Rate					LIBOR			Base Rate				LIBOR			Base Rate
Basis spread on variable rate			2.75%	1.75%	2.25%		0.25%	0.75%				2.75%	3.25%		1.25%	1.75%			2.25%	2.75%		0.75%	1.25%
Weighted average interest rate			2.91%
Line of Credit Facility, Covenant Terms		25							20

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Restructuring Restructuring (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 0	$ (4)	$ 460	$ 254

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Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013		Sep. 30, 2013
Current assets:
Cash and equivalents	$ 45,092	$ 54,017		$ 71,766
Trade receivables, less allowances of $17,443, $19,602 and $19,978, respectively	248,617	252,068		269,892
Other receivables, net	68,168	56,273		66,602
Inventories	208,931	210,564		234,783
Prepaid expenses	42,393	49,733		47,170
Other current assets	25,392	6,540		17,463
Total current assets	638,593	629,195		707,676
Property, plant and equipment, net	400,360	390,773		392,884
Investments and other assets, net	106,439	108,077		88,989
Trademarks	426,085	426,085		426,085
Goodwill	18,095	18,095		18,095
Other intangible assets, net	79,887	86,913		89,254
Total assets	1,669,459	1,659,138		1,722,983
Current liabilities:
Current portion of long-term debt and capital lease obligations	4,648	2,271		2,191
Accounts payable	248,730	248,273		283,641
Accrued liabilities	155,640	158,034	[1]	148,346
Total current liabilities	409,018	408,578		434,178
Long-term debt and capital lease obligations, net of current portion	634,882	629,353		620,012
Accrued pension and other employee benefits	81,394	77,066		82,295
Deferred gain - sale of shipping fleet	0	6,290		9,823
Deferred tax liabilities	107,318	103,679		111,942
Other liabilities	58,764	59,734		70,424
Total liabilities	1,291,376	1,284,700		1,328,674
Commitments and contingencies	0	0		0
Shareholders' equity:
Common stock, $.01 par value (47,048,211, 46,829,913 and 46,759,590 shares outstanding, respectively)	470	468		468
Capital surplus	844,217	839,664		838,261
Accumulated deficit	(464,634)	(439,911)		(408,433)
Accumulated other comprehensive loss	(1,970)	(25,783)		(35,987)
Total shareholders' equity	378,083	374,438		394,309
Total liabilities and shareholders' equity	$ 1,669,459	$ 1,659,138		$ 1,722,983

[1] We revised the December 31, 2013 condensed consolidating balance sheet presented above to correct for items of classification between CBII and CBLLC, the Co-Issuers. These classification items affected the line items indicated in amounts representing less than 1% of both total assets and total liabilities of CBII and CBLLC

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Trade and Finance Receivables

9 Months Ended

Sep. 30, 2014

Receivables [Abstract]

Trade and Finance Receivables

Trade and Finance Receivables

TRADE RECEIVABLES

Our primary markets are in North America and Europe, but we also have sales in the Middle East and other markets. The majority of our sales in the Middle East are in Iran under license from the U.S. government that allows sale of food products to non-sanctioned parties. Sales to Iranian customers are in U.S. dollars and represent $9 million, $17 million and $17 million of "Trade receivables, less allowances" on the Condensed Consolidated Balance Sheet as of September 30, 2014, December 31, 2013 and September 30, 2013, respectively. Even though the sales in Iran are permitted, the international sanctions against Iran affected the ability of certain Iranian customers to pay invoices within terms because it became difficult for them to obtain U.S. dollars, euros or other suitable currencies in sufficient quantity on a regular basis. Over the course of 2012, our receivable balance with these customers increased, and we established payment plans with each of these customers to reduce their balances. Certain customers have so far been able to find acceptable methods of payment to comply with their payment plans. However, some customers have not, and as a result, we recorded a reserve of $9 million in 2012, with an additional $2 million in 2013 as a result of further delinquency and other repayment risk. We source bananas from the Philippines for sale in the Middle East under a committed-volume, long term purchase contract with a former joint venture partner through 2016. To mitigate risk, we have reduced the amount of volume being sent to the Middle East and have developed other Middle Eastern markets. However, Iran remains an important market for our Philippine-sourced bananas.

FINANCE RECEIVABLES

Finance receivables were as follows:

	September 30, 2014					December 31, 2013					September 30, 2013
(In thousands)	Grower Receivables			Seller Financing		Grower Receivables			Seller Financing		Grower Receivables			Seller Financing
Gross receivable	$	39,724		$	24,401	$	35,761		$	27,127	$	36,092		$	28,001
Reserve	(32,653		)	—		(32,877		)	—		(32,927		)	—
Net receivable	$	7,071		$	24,401	$	2,884		$	27,127	$	3,165		$	28,001
Current portion, net	$	7,071		$	4,229	$	2,884		$	3,990	$	3,165		$	3,913
Long-term portion, net	—			20,172		—			23,137		—			24,088
Net receivable	$	7,071		$	24,401	$	2,884		$	27,127	$	3,165		$	28,001

Seasonal advances may be made to certain qualified growers, which are normally collected as the produce is harvested and sold. We generally require asset liens and pledges of the season's produce as collateral to support these advances. If sales of the season's produce do not result in full repayment of the advance, we may exercise the collateral provisions or renegotiate the terms, including terms of interest, to collect the remaining balance.

During the nine months ended September 30, 2014, there was no significant activity in the reserve for grower receivables balance. In the third quarter of 2013, we recovered $1 million of grower receivables that were previously reserved and in the second quarter of 2013, we wrote off another $3 million. Other movements in grower receivable reserves in 2013 were not significant.

The gross grower receivable balance in each period primarily relates to a former Chilean grower of grapes and other produce, that we fully reserved in 2011, when the grower was declared bankrupt. We continue to aggressively negotiate recovery.

We provided seller financing in the 2009 sale of the former joint venture that sourced bananas and pineapples from the Philippines for sale in the Middle East and Asia. The financing for the sale of this joint venture is a note that is receivable in equal installments through 2019. As of September 30, 2014, payments are current on this note receivable.

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Hedging - Cash Flow Hedging Instruments (Details) (Cash flow hedging instruments, USD $) In Thousands, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivative (effective portion)	$ 19,072		$ (6,183)		$ 22,467		$ (8,308)
Gain (loss) reclassified from accumulated OCI into income (effective portion)	721	[1]	(4,206)	[1]	(1,090)	[1]	(14,430)	[1]
Gain (loss) recognized in income on derivative (ineffective portion)	(230)	[1]	(130)	[1]	(657)	[1]	(2,107)	[1]
Currency Hedge Portfolio
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivative (effective portion)	23,983		(10,201)		26,757		(8,518)
Gain (loss) reclassified from accumulated OCI into income (effective portion)	1,543	[1]	(6,114)	[1]	(504)	[1]	(21,328)	[1]
Gain (loss) recognized in income on derivative (ineffective portion)	0	[1]	0	[1]	0	[1]	0	[1]
Bunker Fuel Forward Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivative (effective portion)	(4,911)		4,018		(4,290)		210
Gain (loss) reclassified from accumulated OCI into income (effective portion)	(822)	[1]	1,908	[1]	(586)	[1]	6,898	[1]
Gain (loss) recognized in income on derivative (ineffective portion)	$ (230)	[1]	$ (130)	[1]	$ (657)	[1]	$ (2,107)	[1]

[1] Both the gain (loss) reclassified from accumulated OCI into income (effective portion) and the gain (loss) recognized in income on derivative (ineffective portion, if any) are included in "Net sales" for the currency hedge portfolio and "Cost of sales" for bunker fuel forward contracts.

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Commitments and Contingencies - Contingency Accruals (Details) (Proceedings in Europe, USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013
Proceedings in Europe
Accrual related to contingencies and legal proceedings	$ 4	$ 4	$ 4

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Hedging (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Cash Flow Hedge Accounting Discontinued

M

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location

	Quarter ended September 30,						Nine months ended September 30,
(In thousands)	2014			2013			2014			2013
Gains (losses) on 30-day euro forward contracts	$	5,351		$	(3,288	)	$	5,610		$	(3,024	)
Gains (losses) from fluctuations in the value of the net monetary assets exposed to euro exchange rates	(8,095		)	5,384			(12,041		)	332

Schedule of Notional Amounts of Outstanding Derivative Positions

At September 30, 2014, our hedge portfolio was comprised of the following outstanding positions:

	Notional Amount	Contract Average Rate/Price	Settlement Period
Derivatives designated as hedging instruments:
Currency derivatives:
Purchased euro put options	€60 million	$1.34/€	2014
Sold euro call options	€60 million	$1.38/€	2014
Average rate forward contracts	€19 million	$1.36/€	2014
Purchased euro put options	€147 million	$1.35/€	20151
Sold euro call options	€147 million	$1.40/€	20151
Average rate forward contracts	€20 million	$1.38/€	20151
3.5% Rotterdam Barge fuel derivatives:
Bunker fuel forward contracts	20,640 mt	$588/mt	2014
Bunker fuel forward contracts	59,800 mt	$556/mt	20151
Derivatives not designated as hedging instruments:
30-day euro forward contracts	€54 million	$1.27/€	October 2014

¹  Settlement periods for bunker fuel forward contracts and currency derivatives are through September 2015

Schedule of Change in Fair Value of Derivative Assets and Liabilities Designated as Hedging Instruments

Activity related to our derivative assets and liabilities designated as hedging instruments is as follows:

	2014						2013
(In thousands)	Currency Hedge Portfolio			Bunker Fuel Forward Contracts			Currency Hedge Portfolio			Bunker Fuel Forward Contracts
Balance at beginning of year	$	(5,014	)	$	988		$	(23,215	)	$	8,572
Realized (gains) losses included in net income	1,229			(175		)	5,601			(2,839		)
Transfers1	—			—			7,638			—
Purchases (sales), net2	277			—			541			—
Changes in fair value	(323		)	(1,447		)	6,310			1,888
Balance at March 31	$	(3,831	)	$	(634	)	$	(3,125	)	$	7,621
Realized (gains) losses included in net income	1,414			(61		)	4,766			(2,151		)
Purchases (sales), net 2	—			—			62			—
Changes in fair value	1,906			1,641			(5,142		)	(7,673		)
Balance at June 30	$	(511	)	$	946		$	(3,439	)	$	(2,203	)
Realized (gains) losses included in net income	(1,308		)	822			3,568			(1,908		)
Transfers1	—			—			—			193
Purchases (sales), net 2	149			—			314			—
Changes in fair value	23,513			(5,141		)	(10,180		)	3,888
Balance at September 30	$	21,843		$	(3,373	)	$	(9,737	)	$	(30	)

¹  Represents the fair value at the transfer date of positions where hedge accounting was terminated. See discussion above.

²  Purchases (sales) represent the cash premiums paid upon the purchase of euro put options or received upon the sale of euro call options. Bunker fuel and currency forward contracts require no up-front cash payment and have an initial fair value of zero; settlements on the forward contracts (swaps) occur upon their maturity.

Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)

Deferred net gains (losses) in "Accumulated other comprehensive income (loss)" at September 30, 2014 are expected to be reclassified into income as follows (in thousands):

Expected Period of Recognition	Currency Hedge Portfolio		Bunker Fuel Forward Contracts			Total
2014	$	6,609	$	(1,294	)	$	5,315
2015	14,470		(1,882		)	12,588
	$	21,079	$	(3,176	)	$	17,903

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following tables summarize the effect of our derivatives designated as cash flow hedging instruments on OCI and earnings:

	Quarter ended September 30, 2014								Quarter ended September 30, 2013
(In thousands)	Currency Hedge Portfolio		Bunker Fuel Forward Contracts			Total			Currency Hedge Portfolio			Bunker Fuel Forward Contracts			Total
Gain (loss) recognized in OCI on derivative (effective portion)	$	23,983	$	(4,911	)	$	19,072		$	(10,201	)	$	4,018		$	(6,183	)
Gain (loss) reclassified from accumulated OCI into income (effective portion)1	1,543		(822		)	721			(6,114		)	1,908			(4,206		)
Loss recognized in income on derivative (ineffective portion)1	—		(230		)	(230		)	—			(130		)	(130		)

	Nine months ended September 30, 2014									Nine months ended September 30, 2013
(In thousands)	Currency Hedge Portfolio			Bunker Fuel Forward Contracts			Total			Currency Hedge Portfolio			Bunker Fuel Forward Contracts			Total
Gain (loss) recognized in OCI on derivative (effective portion)	$	26,757		$	(4,290	)	$	22,467		$	(8,518	)	$	210		$	(8,308	)
Gain (loss) reclassified from accumulated OCI into income (effective portion)1	(504		)	(586		)	(1,090		)	(21,328		)	6,898			(14,430		)
Loss recognized in income on derivative (ineffective portion)1	—			(657		)	(657		)	—			(2,107		)	(2,107		)

¹  Both the gain (loss) reclassified from accumulated OCI into income (effective portion) and the gain (loss) recognized in income on derivative (ineffective portion, if any) are included in "Net sales" for the currency hedge portfolio and "Cost of sales" for bunker fuel forward contracts.

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Supplemental Consolidating Financial Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended			9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Net sales	$ 738,551	$ 723,062		$ 2,326,388	$ 2,309,485
Cost of sales	663,536	645,170		2,065,095	2,017,667
Selling, general and administrative	53,658	60,966		162,544	177,227
Depreciation	12,323	13,435		38,911	40,517
Amortization	2,342	2,342		7,025	7,025
Equity in earnings of investees	(105)	0		(437)	(72)
Restructuring and relocation costs	0	(4)		460	254
Operating income	(1,438)	1,153		35,883	66,867
Interest income	600	690		1,905	2,197
Interest expense	(15,564)	(15,356)		(46,331)	(44,698)
Loss on debt extinguishment	0	0		(521)	(6,275)
Other income (expense), net	(1,036)	(501)		(5,172)	1,622
Income before income taxes	(17,438)	(14,014)		(14,236)	19,713
Income tax benefit (expense)	(518)	(3,800)	3,000	(10,487)	(4,050)
Net income (loss)	(17,956)	(17,814)		(24,723)	15,663
Reportable Legal Entities [Member] | Parent Company [Member]
Net sales	0	0		0	0
Cost of sales	0	0		0	0
Selling, general and administrative	9,788	12,446		24,816	31,851
Depreciation	0	0		0	0
Amortization	0	0		0	0
Equity in earnings of investees	(6,134)	3,448		(43,502)	(67,760)
Restructuring and relocation costs		(15)		460	(15)
Operating income	(11,889)	(8,983)		1,319	35,924
Interest income	0	0		0	0
Interest expense	(5,549)	(5,031)		(16,136)	(16,405)
Loss on debt extinguishment				0	(843)
Other income (expense), net	0	0		581	1,037
Income before income taxes	(17,438)	(14,014)		(14,236)	19,713
Income tax benefit (expense)	(518)	(3,800)		(10,487)	(4,050)
Net income (loss)	(17,956)	(17,814)		(24,723)	15,663
Reportable Legal Entities [Member] | Subsidiary Issuer [Member]
Net sales	217,299	200,307		651,515	587,278
Cost of sales	205,854	190,790		625,157	557,444
Selling, general and administrative	4,193	1,955		12,704	10,696
Depreciation	1,219	1,140		3,589	3,599
Amortization	0	0		0	0
Equity in earnings of investees	(9,576)	6,878		(61,741)	(85,792)
Restructuring and relocation costs		111		0	264
Operating income	15,609	13,189		71,806	101,067
Interest income	0	1		2	12
Interest expense	(9,162)	(9,743)		(27,568)	(27,563)
Loss on debt extinguishment				(521)	(5,432)
Other income (expense), net	(313)	1		(217)	(324)
Income before income taxes	6,134	3,448		43,502	67,760
Income tax benefit (expense)	792	(3,249)		(5,620)	(2,643)
Net income (loss)	6,926	199		37,882	65,117
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Net sales	299,667	302,625		911,465	939,662
Cost of sales	265,903	271,950		805,599	835,099
Selling, general and administrative	20,378	23,775		64,194	67,203
Depreciation	6,212	6,741		19,230	20,397
Amortization	2,335	2,336		7,006	7,007
Equity in earnings of investees	289	16		4,540	(43)
Restructuring and relocation costs		(100)		0	8
Operating income	4,550	(2,061)		10,896	9,991
Interest income	(1)	26		33	128
Interest expense	(724)	(576)		(2,291)	(701)
Loss on debt extinguishment				0	0
Other income (expense), net	602	85		235	250
Income before income taxes	4,427	(2,526)		8,873	9,668
Income tax benefit (expense)	(1,752)	1,289		(3,512)	(3,547)
Net income (loss)	2,675	(1,237)		5,361	6,121
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Net sales	463,861	447,080		1,504,218	1,470,619
Cost of sales	434,059	409,395		1,374,743	1,313,194
Selling, general and administrative	19,299	22,790		60,830	67,477
Depreciation	4,892	5,554		16,092	16,521
Amortization	7	6		19	18
Equity in earnings of investees	(105)	0		(437)	(72)
Restructuring and relocation costs		0		0	(3)
Operating income	5,709	9,335		52,971	73,484
Interest income	601	663		1,870	2,057
Interest expense	(129)	(6)		(336)	(29)
Loss on debt extinguishment				0	0
Other income (expense), net	(1,321)	(572)		(6,177)	655
Income before income taxes	4,860	9,420		48,328	76,167
Income tax benefit (expense)	(634)	(391)		(4,039)	267
Net income (loss)	4,226	9,029		44,289	76,434
Consolidation, Eliminations [Member]
Net sales	(242,276)	(226,950)		(740,810)	(688,074)
Cost of sales	(242,280)	(226,965)		(740,404)	(688,070)
Selling, general and administrative	0	0		0	0
Depreciation	0	0		0	0
Amortization	0	0		0	0
Equity in earnings of investees	15,421	(10,342)		100,703	153,595
Restructuring and relocation costs		0		0	0
Operating income	(15,417)	(10,327)		(101,109)	(153,599)
Interest income	0	0		0	0
Interest expense	0	0		0	0
Loss on debt extinguishment				0	0
Other income (expense), net	(4)	(15)		406	4
Income before income taxes	(15,421)	(10,342)		(100,703)	(153,595)
Income tax benefit (expense)	1,594	2,351		13,171	5,923
Net income (loss)	$ (13,827)	$ (7,991)		$ (87,532)	$ (147,672)

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Supplemental Consolidating Financial Information Condensed Statement of Cash Flows (Tables)

9 Months Ended

Sep. 30, 2014

Sep. 30, 2013

Condensed Cash Flow Statement [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Nine Months Ended September 30, 2014
(in thousands)
	CBII		CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-Issuer)		(Co-Issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash provided (used) by:
Operating cash flow	$	—	$	14,674		$	3,243		$	22,754		$	—		$	40,671
Capital expenditures	—		(2,689		)	(8,748		)	(27,399		)	—			(38,836		)
Net proceeds from sale of long-term assets	—		—			1,167			4,089			—			5,256
Investing activity with subsidiaries	—		(5,463		)	(570		)	—			6,033			—
Other, net	—		—			—			(3,736		)	—			(3,736		)
Investing cash flow	—		(8,152		)	(8,151		)	(27,046		)	6,033			(37,316		)
Repayments of long-term debt and capital lease obligations	—		(11,125		)	(555		)	(34		)	—			(11,714		)
Borrowings under the ABL Revolver	—		24,000			—			—			—			24,000
Repayments of the ABL Revolver	—		(24,000		)	—			—			—			(24,000		)
Payments for debt modification and issuance costs	—		(266		)	—			—			—			(266		)
Payments of debt extinguishment costs	—		(300		)	—			—			—			(300		)
Financing activity with subsidiaries	—		—			5,463			570			(6,033		)	—
Financing cash flow	—		(11,691		)	4,908			536			(6,033		)	(12,280		)
Increase (decrease) in cash and equivalents	—		(5,169		)	—			(3,756		)	—			(8,925		)
Cash and equivalents, beginning of period	—		15,851			—			38,166			—			54,017
Cash and equivalents, end of period	$	—	$	10,682		$	—		$	34,410		$	—		$	45,092

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Nine Months Ended September 30, 2013
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-Issuer)			(Co-Issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash provided (used) by:
Operating cash flow	$	(4,420	)	$	30,523		$	11,469		$	54,166		$	—		$	91,738
Capital expenditures	—			(1,984		)	(14,751		)	(19,430		)	—			(36,165		)
Contribution to equity method investment	—			—			—			(13,102		)	—			(13,102		)
Net proceeds from sale of long-term assets	1,819			—			7,222			2,710			—			11,751
Investing activity with subsidiaries	—			—			(3,786		)	—			3,786			—
Other, net	—			—			—			3,559			—			3,559
Investing cash flow	1,819			(1,984		)	(11,315		)	(26,263		)	3,786			(33,957		)
Issuances of long-term debt	—			429,415			—			—			—			429,415
Repayments of long-term debt and capital lease obligations	—			(412,425		)	(154		)	(67		)	—			(412,646		)
Borrowings under the ABL Revolver	—			36,590			—			—			—			36,590
Repayments of the ABL Revolver	—			(36,590		)	—			—			—			(36,590		)
Repayments of the Credit Facility Revolver	—			(40,000		)	—			—			—			(40,000		)
Payments for debt modification and issuance costs	—			(13,810		)	—			—			—			(13,810		)
Financing activity with subsidiaries	—			3,698			—			88			(3,786		)	—
Financing cash flow	—			(33,122		)	(154		)	21			(3,786		)	(37,041		)
Increase (decrease) in cash and equivalents	(2,601		)	(4,583		)	—			27,924			—			20,740
Cash and equivalents, beginning of period	2,601			12,704			—			35,721			—			51,026
Cash and equivalents, end of period	$	—		$	8,121		$	—		$	63,645		$	—		$	71,766

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Commitments and Contingencies

9 Months Ended

Sep. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

We had an accrual of $4 million, related to contingencies and legal proceedings in Europe at each of September 30, 2014, December 31, 2013, and September 30, 2013. While other contingent liabilities described below may be material to the financial statements, we have determined that losses in these matters are not probable and have not accrued any other amounts. Regardless of their outcomes, we have paid, and will likely continue to incur, significant legal and other fees to defend ourselves in these proceedings, which may significantly affect our financial statements.

COLOMBIA-RELATED MATTERS

Tort Lawsuits. Between June 2007 and March 2011, nine civil tort lawsuits were filed against us by Colombian nationals in U.S. federal courts. These lawsuits assert claims under various state and federal laws, including the Alien Tort Statute (the "ATS lawsuits"). The over 6,000 plaintiffs in the ATS lawsuits claim to be persons injured, or family members or legal heirs of individuals allegedly killed or injured, by armed groups that received payments from the company's former Colombian subsidiary. We had voluntarily disclosed these payments to the U.S. Department of Justice as having been made by the subsidiary to protect its employees from risks to their safety if the payments were not made. This self-disclosure led to our 2007 plea to one count of Engaging in Transactions with a Specially-Designated Global Terrorist Group without having first obtained a license from the U.S. Department of Treasury's Office of Foreign Assets Control. The plaintiffs claim that, as a result of such payments, we should be held legally responsible for the alleged injuries. Eight of the ATS lawsuits seek unspecified compensatory and punitive damages, as well as attorneys' fees and costs, with one seeking treble damages and disgorgement of profits without explanation. The other ATS lawsuit contains a specific demand of $10 million in compensatory damages and $10 million in punitive damages for each of the several hundred alleged victims in that suit. We also have received requests to participate in mediation in Colombia concerning similar claims, which could be followed by litigation in Colombia. All of the ATS lawsuits have been centralized in the U.S. District Court for the Southern District of Florida for consolidated or coordinated pretrial proceedings ("MDL Proceeding"). We believe the plaintiffs' claims are without merit and are defending ourselves vigorously.

Between June 2011 and March 2012, the court dismissed certain of the plaintiffs' claims, but allowed the plaintiffs to move forward with some ATS claims and claims asserted under Colombian law. We believe we have strong defenses to the remaining claims. In March 2012, the court granted our motion for interlocutory appeal of legal questions raised by the court's refusal to dismiss certain ATS claims, and, in September 2012, the United States Court of Appeals for the Eleventh Circuit granted permission to pursue the interlocutory appeal. In July 2014, the Eleventh Circuit reversed the district court's denial of the company's motion to dismiss and remanded the case for entry of an order dismissing the ATS claims.

In addition to the ATS lawsuits, between March 2008 and March 2011, four tort lawsuits were filed against us by American citizens who allege that they were kidnapped and held hostage by an armed group in Colombia, or that they are the survivors or the estate of a survivor of American nationals kidnapped and/or killed by the same group in Colombia. The plaintiffs in these cases make claims under the Antiterrorism Act and state tort laws (the "ATA lawsuits") and contend that we are liable because our former Colombian subsidiary allegedly provided material support to the armed group. The ATA lawsuits, which also have been centralized in the MDL Proceeding, seek unspecified compensatory damages, treble damages, attorneys' fees and costs and punitive damages. We believe the plaintiffs' claims are without merit and are defending ourselves vigorously.

In February 2010, our motion to dismiss one of the ATA lawsuits was granted in part and denied in part and in March 2012, our motions to dismiss the other ATA lawsuits were denied. In November 2012, one of the ATA lawsuits was dismissed after the parties reached a confidential settlement agreement. In July 2013, we filed a motion for reconsideration of the court's order denying our motions to dismiss the ATA lawsuits and that motion is pending. We believe we have strong defenses to the remaining claims in the ATA lawsuits.

Insurance Recovery. We have provided notice of the ATS and ATA lawsuits to the insurers that issued primary and excess general liability insurance policies during the relevant years. The insurers have either reserved the right to deny coverage or denied coverage for these lawsuits. In 2008, we commenced litigation in state court in Ohio against three of our primary insurers seeking coverage for defense costs incurred in connection with the ATA and ATS lawsuits; a fourth primary insurer was later joined to that lawsuit. We entered into settlement agreements under which three of our primary insurers agreed to pay, in total, approximately 40 percent of our defense costs in the ATA and ATS lawsuits. In late 2012, one of these settling insurers paid the full amount of a settlement in an ATA lawsuit. In June 2013, we received notice that the two other settling insurers, which had been paying approximately 1 percent of our defense costs, had been placed in liquidation. The fourth primary insurer, National Union, did not settle. In March 2013, the Ohio Court of Appeals held that National Union is not obligated to provide coverage for defense costs in the ATS and ATA lawsuits. The Ohio Supreme Court declined to accept the case for review.

As of September 30, 2014, National Union had paid us $12 million as reimbursement for defense costs. This sum, and an additional $1 million of interest, is being deferred in "Accrued Liabilities" on the Condensed Consolidated Balance Sheet because National Union asserts that it is entitled to obtain reimbursement of this amount from us based on the outcome of its appeal in the coverage case. In June 2014, after remand from the Ohio Court of Appeals, the trial court ruled that National Union is entitled to reimbursement of the defense costs that it has already paid. The company has appealed that ruling and secured a stay of the judgment ordering us to reimburse National Union pending the appeal.

    In August 2013, one of the settling primary insurers, Federal, filed a lawsuit in state court in Ohio seeking a declaratory judgment that, based on the Ohio Court of Appeals’ March 2013 decision regarding National Union’s defense obligations, Federal has no obligation to provide coverage for any settlements or judgments that may be incurred by us in the ATS and ATA lawsuits. In February 2014, a group of insurers that are affiliated with Travelers and that issued umbrella and excess policies to us filed a lawsuit in state court in Ohio seeking a declaratory judgment that they have no obligation to provide coverage for defense costs or settlements or judgments that may be incurred by us in the ATS and ATA lawsuits. In May 2014, the trial court ruled that Federal's lawsuit is premature and granted the company's motion to stay until the underlying tort lawsuits are resolved. Federal has not appealed that ruling. In June 2014, we filed a motion to dismiss or stay the Travelers' insurers complaint, and in August the parties filed a joint motion for a stay of proceedings. We believe that Travelers' lawsuit is also premature and will defend ourselves vigorously.

Neither the Ohio Court of Appeals' ruling nor Federal's lawsuit impacts Federal's obligation to reimburse 40 percent of defense costs pursuant to the terms of its settlement agreement with Chiquita. There can be no assurance that the insurers will provide any additional coverage for these claims.

Colombia Investigation. The Colombian Attorney General's Office has been conducting an investigation into payments made by companies in the banana industry to paramilitary groups in Colombia. Included within the scope of the investigation are the payments that were the subject of the 2007 plea in the United States. In March 2012, the prosecutor in charge of the investigation issued a decision which concluded that our former Colombian subsidiary had made payments in response to extortion demands and that the payments were not illegal under Colombian law. Based on these findings, the prosecutor closed the investigation. As provided for under Colombian law, the prosecutor's decision was reviewed by senior officials in the Colombian Attorney General's office pursuant to a legal standard specifying that any evidence in the record suggesting that a crime may have occurred is sufficient to justify the reopening of the investigation. Applying this standard, in December 2012, the Colombian Attorney General's Office determined that the investigation should continue and not be closed. The Attorney General's office did not make any finding that persons connected with our former Colombian subsidiary committed wrongdoing of any kind, only that the matter warrants further investigation. We believe that we have at all times complied with Colombian law.

ITALIAN CUSTOMS AND TAX CASES

1998-2000 Cases. In October 2004, our Italian subsidiary, Chiquita Italia, received the first of several notices from various customs authorities in Italy stating that it is potentially liable for additional duties and taxes on the import of bananas by Socoba S.r.l. ("Socoba") from 1998 to 2000 for sale to Chiquita Italia. The customs authorities claim that (i) the amounts are due because these bananas were imported with licenses (purportedly issued by Spain) that were subsequently determined to have been forged and (ii) Chiquita Italia should be jointly liable with Socoba because (a) Socoba was controlled by a former general manager of Chiquita Italia and (b) the import transactions benefited Chiquita Italia, which arranged for Socoba to purchase the bananas from another subsidiary of ours and, after customs clearance, sell them to Chiquita Italia. Chiquita Italia is contesting these claims, principally on the basis of its good faith belief at the time the import licenses were obtained and used that they were valid.

Separate civil customs proceedings were ultimately brought against Chiquita Italia in four Italian jurisdictions, Genoa, Trento, Aosta and Alessandria. In Genoa the Court of Cassation, the highest level of appeal in Italy, issued a decision in favor of Chiquita Italia in September 2013. In Trento the Court of Cassation issued a decision during the fourth quarter of 2013 in favor of Chiquita Italia as to approximately €5.5 million of the €6.6 million total claim including interest, with the remaining amount ruled payable by Chiquita Italia from the deposits already made in these matters. In April 2014, the Italian customs authority filed a request for revocation of this Court of Cassation decision, a request which we do not believe is permitted under Italian law. In Alessandria, Chiquita Italia lost at the trial level, appealed and a favorable decision was published in April 2014. The authorities have the right to appeal this decision. In Aosta, Chiquita Italia lost at the trial level, appealed and the decision is pending. Socoba brought a claim in Rome trial court (and Chiquita Italia intervened voluntarily) on the issue of whether the forged Spanish licenses used by Socoba should be regarded as genuine in view of the apparent inability to distinguish between genuine and forged licenses. In an October 2010 decision, the Rome trial court rejected Socoba's claim that the licenses should be considered genuine on the basis that Socoba had not sufficiently demonstrated how similar the forged licenses were to genuine Spanish licenses. Socoba has appealed this decision. In an unrelated case addressing similar forged Spanish licenses used in Belgium, the EU Commission advised the customs authorities the same types of licenses challenged in Italy appeared valid on their face and should be treated as genuine.

Under Italian law, the amounts claimed in the Trento, Alessandria, Aosta and Genoa cases became due and payable notwithstanding the pending appeals. Deposits made in these cases are deferred in "Investments and other assets, net" on the Condensed Consolidated Balance Sheets pending resolution of the appeals process. A summary of claims and deposits paid as of September 30, 2014 is as follows:

	Claim (In millions)	Interest and Penalties Claimed (In millions)	Total Claim (In millions)	Deposits Paid Pending Appeal (In millions)
Trento	€3.3	€3.3	€6.6	€6.6	Following the decisions in Trento, Chiquita Italia is entitled to claim reimbursement of approximately €5.5 million of the deposited amounts plus interest (or to apply to deposit requirements in other matters).
Alessandria	€0.3	€0.2	€0.5	€0.5	Deposits paid in 36 equal installments ended March 2012.
Aosta	€1.2	€1.2	€2.4	€2.3	Monthly deposit payments of €34 thousand began in November 2012. In December 2013 €589 thousand was applied from the Tax assessment of 2004 payments.
Genoa (Resolved favorably)	€7.4	€1.0	€8.4	€0.0	Following the decision in Genoa in favor of Chiquita Italia, Chiquita Italia was entitled to claim reimbursement of deposited amounts plus interest. The deposited amounts (€1.6 million) have been used to offset deposit requirements in the Customs Tax Assessment for 2004/2005.

2004-2005 Cases. In 2008, Chiquita Italia was required to provide documents and information to the Italian fiscal police in connection with a criminal investigation into imports of bananas by Chiquita Italia during 2004 and 2005, and the payment of customs duties on these imports. The focus of the investigation was an importation process whereby we sold some of our bananas to holders of import licenses who imported the bananas and resold them to Chiquita Italia (indirect import challenge), a practice we believe was legitimate under both Italian and EU law and which was widely accepted by authorities across the EU and by the EC. In June 2012, the Italian courts acquitted Chiquita Italia parties of all charges relating to 2004, and in December 2013 relating to 2005. There are no further criminal charges pending.

Tax authorities issued assessment notices for 2004 and 2005, which we appealed to the first level Rome tax court. In June 2011, the court rejected our appeal for the 2004 assessment. Chiquita Italia again appealed this decision and, in October 2012, the appeals court ruled in favor of Chiquita Italia with respect to 2004. A significant portion of the 2005 income tax assessment has been withdrawn by the tax authorities and an appeal for the remaining portion is pending. Separately, customs authorities have also issued assessments for these cases. Chiquita Italia's appeals of these customs assessments were rejected by the first level Rome tax court and the regional court. Chiquita Italia has appealed the decisions to the Court of Cassation, the highest level of appeal in Italy. In each case, Chiquita Italia has received payment notifications from the tax and customs authorities, but the 2004 tax assessment has been annulled based on the October 2012 appeals court ruling and the company is claiming reimbursement of payments made. Deposits made under these cases are deferred in "Investments and other assets, net" on the Condensed Consolidated Balance Sheets pending resolution of the appeals process. If Chiquita Italia ultimately prevails in its appeals, all amounts deposited will be reimbursed with interest. A summary of assessments and deposits paid is as follows:

	Assessment (In millions)	Interest and Penalties Assessed (In millions)	Total Assessment (In millions)	Deposits Paid Pending Appeal (In millions)
Income Tax Assessment for 2004/2005	€12.0	€19.1	€31.1	€0.9	Monthly deposit payments of €113 thousand began in March 2012. The appeals court ruled in favor of Chiquita Italia in October 2012 for the 2004 assessments and a significant portion of the 2005 assessments have been withdrawn. The company has requested relief from these payments and reimbursement.
Customs Tax Assessment for 2004/2005	€19.4	€10.2	€29.6	€16.7	Monthly deposit payments of €350 thousand began in September 2011 and will continue through September 2017, unless a successful appeals process is completed sooner. In June 2014 we received an additional assessment for a total value of €1.2M, for which a full deposit was made.

The fiscal police investigation also challenged the involvement of an entity of ours incorporated in Bermuda in the sale of bananas directly to Chiquita Italia (direct import challenge), as a result of which the tax authorities claimed additional taxes of €13 million ($17 million) for 2004 and €19 million ($24 million) for 2005, plus interest and penalties. In order to avoid a long and costly tax dispute, in April 2011, Chiquita Italia reached an agreement in principle with the Italian tax authorities to settle the dispute and recorded expense for the settlements at that time. Under the settlement, the tax authorities agreed that the Bermuda corporation's involvement in the importation of bananas was appropriate and Chiquita Italia agreed to an adjustment to the intercompany price paid by Chiquita Italia for the imported bananas it purchased from this company, resulting in a higher income tax liability for those years. Chiquita Italia paid a settlement of €3 million ($4 million) of additional income tax for 2004 and 2005, including interest and penalties, which was significantly below the amounts originally claimed. The portion of the settlement for 2005 is still subject to approval by the Rome tax court which is expected in due course. As part of the settlement, Chiquita Italia also agreed to an adjustment to its intercompany purchases of bananas for years 2006 through 2009, resulting in payments in June and July 2011 of €2 million ($3 million) of additional tax and interest to fully settle those years. The indirect import challenge described above is not part of the settlement.

Chiquita Italia continues to believe that it acted properly and that all the transactions for which it has received assessment notices were legitimate and reported appropriately, and, aside from those issues already settled, continues to vigorously defend the transactions at issue.

CONSUMPTION TAX REFUNDS

We have and have had several open cases seeking the refund of certain consumption taxes paid between 1980 and 1990 in various Italian jurisdictions. As gain contingencies, these refunds and any related interest are recognized when realized and all gain contingencies have been removed. In January 2012, we received €20 million ($26 million) related to a favorable decision from a court in Salerno, Italy. The claim is not considered resolved or realized, as the decision has been appealed to a higher court. Consequently, the receipt of cash has been deferred in "Other liabilities" on the Condensed Consolidated Balance Sheets. Decisions in one jurisdiction have no binding effect on pending claims in other jurisdictions and all unresolved claims may take years to resolve. If we were to lose on appeal, we may be required to repay the consumption tax refunds received with interest.