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 March 31, 2015

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	o
Non-accelerated filer	ý	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. The registrant is a privately held corporation and has no voting or non-voting common equity held by non-affiliates. As of May 14, 2015, there were 10,679,368 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 Loss	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	33
Item 3 - Quantitative and Qualitative Disclosures About Market Risk	41
Item 4 - Controls and Procedures	42
PART II - Other Information
Item 1 - Legal Proceedings	44
Item 1A - Risk Factors	44
Item 6 - Exhibits	44
Signature	45

PART I – Financial Information

Item 1 – Financial Statements

Chiquita Brands International, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

	Quarter ended March 31,
(In thousands)	2015			2014
Net sales	$	725,331		$	761,990
Cost of sales	622,604			685,252
Selling, general and administrative	49,401			54,391
Transaction costs	47,979			5,919
Depreciation	15,935			13,499
Amortization	2,342			2,341
Operating income (loss)	(12,930		)	588
Interest income	664			664
Interest expense	(9,185		)	(15,468		)
Loss on debt extinguishment	(36,212		)	(521		)
Other income (expense), net	(602		)	(3,894		)
Loss before income taxes	(58,265		)	(18,631		)
Income tax expense	(6,361		)	(5,972		)
Net loss	$	(64,626	)	$	(24,603	)

See Notes to Condensed Consolidated Financial Statements.

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Chiquita Brands International, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited)

	Quarter Ended March 31,
(In thousands)	2015			2014
Net loss	$	(64,626	)	$	(24,603	)
Unrealized foreign currency translation gains	2			16
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	602			252
Net other comprehensive income related to foreign currency translation	604			268
Unrealized gains (losses) on derivatives for the period	18,274			(1,046		)
Derivative (gains) losses reclassified into Net sales	(16,978		)	1,027
Derivative (gains) losses reclassified into Cost of sales	8,775			(175		)
Net other comprehensive income (loss) related to derivatives	10,071			(194		)
Actuarial gains (losses) for the period, net of $120 and $259, respectively, of income tax benefit	2,172			(342		)
Amortization included in pension cost	284			300
Net other comprehensive income (loss) related to defined benefit pension and severance plans	2,456			(42		)
	13,131			32
Comprehensive loss	$	(51,495	)	$	(24,571	)

See Notes to Condensed Consolidated Financial Statements.

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Chiquita Brands International, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(In thousands)	March 31, 2015			December 31, 2014			March 31, 2014
ASSETS
Current assets:
Cash and equivalents	$	55,599		$	48,160		$	26,824
Trade receivables, less allowances of $16,074, $14,438 and $20,756, respectively	246,468			217,420			278,167
Other receivables, net	58,393			66,810			59,296
Inventories	209,047			197,307			212,394
Prepaid expenses	41,867			38,818			46,094
Other current assets	24,056			14,549			6,722
Total current assets	635,430			583,064			629,497
Property, plant and equipment, net	384,687			397,029			398,720
Investments and other assets, net	96,918			110,220			109,368
Trademarks	426,085			426,085			426,085
Goodwill	18,095			18,095			18,095
Other intangible assets, net	75,203			77,545			84,571
Total assets	$	1,636,418		$	1,612,038		$	1,666,336
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	3,290		$	4,703		$	4,169
Accounts payable	248,455			223,286			276,557
Accrued liabilities	136,828			150,955			151,482
Total current liabilities	388,573			378,944			432,208
Long-term debt and capital lease obligations, net of current portion	283,449			637,518			635,104
Accrued pension and other employee benefits	78,364			89,381			78,502
Deferred gain – sale of shipping fleet	—			—			2,757
Deferred tax liabilities	104,275			104,365			105,977
Other liabilities	71,450			78,496			60,291
Long-term related parties debt	238,479			—			—
Total liabilities	1,164,590			1,288,704			1,314,839
Commitments and contingencies
Shareholders' equity:
Common stock, $.01 par value (10,679,368, 47,112,311 and 46,911,372 shares outstanding, respectively)	107			471			469
Capital surplus	1,030,076			845,392			841,293
Accumulated deficit	(551,404		)	(502,447		)	(464,514		)
Accumulated other comprehensive loss	(6,951		)	(20,082		)	(25,751		)
Total shareholders' equity	471,828			323,334			351,497
Total liabilities and shareholders' equity	$	1,636,418		$	1,612,038		$	1,666,336

See Notes to Condensed Consolidated Financial Statements.

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Chiquita Brands International, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited)

	Quarter ended March 31,
(In thousands)	2015			2014
Cash provided (used) by:
OPERATIONS
Net loss	$	(64,626	)	$	(24,603	)
Depreciation and amortization	18,277			15,840
Noncash portion of loss on debt extinguishment	22,735			521
Repayment of original issuance discounts	(6,161		)	—
Reserve for trade receivables	2,804			1,562
Amortization of discount on Convertible Notes	2,091			2,956
Amortization of gain on sale of the shipping fleet	—			(3,533		)
Stock-based compensation	15,986			1,968
Changes in current assets and liabilities and other	(26,336		)	(2,729		)
Operating cash flow	(35,230		)	(8,018		)
INVESTING
Capital expenditures	(4,587		)	(10,685		)
Other, net	(235		)	(2,719		)
Investing cash flow	(4,822		)	(13,404		)
FINANCING
Issuances of long-term debt with related party	238,479			—
Repurchase of Convertible Notes	(146,401		)	—
Redemption of 7.875% Notes	(222,117		)	(10,000		)
Borrowings under the 2013 ABL Revolver	—			20,000
Repayments of the 2013 ABL Revolver	—			(15,000		)
Repayments of the 2013 ABL Term Loan	(4,875		)	(375		)
Borrowings under the 2015 ABL	16,000			—
Repayments of the 2015 ABL	(10,000		)	—
Repayments of long-term debt and capital lease obligations	(1,892		)	(76		)
Payments for debt modification and issuance costs	(2,623		)	(20		)
Payments of debt extinguishment costs	—			(300		)
Payment of stock-based compensation	(36,588		)	—
Payment of dividend to related party	(45,374		)	—
Proceeds from sale of common stock	154,836			—
Proceeds from capital contributions	108,046			—
Financing cash flow	47,491			(5,771		)
Increase (decrease) in cash and equivalents	7,439			(27,193		)
Cash and equivalents, beginning of period	48,160			54,017
Cash and equivalents, end of period	$	55,599		$	26,824

See Notes to Condensed Consolidated Financial Statements.

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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, 2014. 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 2014 Annual Report on Form 10-K for additional information relating to the Consolidated Financial Statements. The December 31, 2014 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 – Change in ownership

SHARE PURCHASE AND CHANGE IN CONTROL

On October 26, 2014, Chiquita Brands International, Inc. ("CBII" or "Chiquita") entered into an Agreement and Plan of Merger ("Merger Agreement") with Cavendish Global Limited ("Parent"), a private limited company incorporated under the laws of England and Wales, and Cavendish Acquisition Corporation ("Merger Sub"). Parent and Merger Sub are affiliates of the Cutrale and Safra Groups. Under the Merger Agreement, a Tender Offer commenced for the purchase of all shares of CBII common stock for $14.50 per share. On January 6, 2015, Merger Sub accepted for payment 39,791,364 shares that were validly tendered (not including 1,748,335 shares tendered pursuant to notices of guaranteed delivery), which represented approximately 84.46% of the outstanding shares of CBII, which triggered a change in control. Because the Parent and affiliates did not own more than 90% of the shares of CBII as a result of the Tender Offer, the Top-Up Option under the Merger agreement was exercised on January 6, 2015, whereby 41,286,271 Top-Up shares were issued at $14.50 per share in exchange for a promissory note such that Parent and affiliates controlled at least 90% of the shares of CBII. Parent then completed a short-form merger in accordance with New Jersey law, converting each share issued and outstanding into the right to receive $14.50, except for shares owned by the Parent and affiliates. Shares of CBII were delisted from public trading on the New York Stock Exchange before market open on January 7, 2015. Immediately following the short-form merger, Merger Sub merged into CBII with CBII being the surviving entity. Any treasury shares were immediately canceled and the promissory note resulting from the Top-Up Option was eliminated. Following the merger, 1,000 shares of CBII stock remained outstanding and were held by Cavendish US Corporation, a Delaware corporation and wholly owned, indirect subsidiary of Parent. All required consents to the change in control under debt agreements, leases and other matters were obtained prior to January 6, 2015, the date of the change in control.

To complete the transaction, $746 million of cash was contributed by Cavendish US Corporation to Merger Sub, from which $683 million was paid to shareholders of Chiquita, $37 million was used to pay for previously unvested stock compensation that became vested upon change in control, and the remaining $26 million became part of CBII's cash balance when Merger Sub merged with CBII.

RESTRUCTURING AND PLANNED HEADQUARTERS CLOSURE

We announced on January 14, 2015 that all of our operational departments and remaining corporate services will be transitioned from Charlotte, North Carolina to other locations closer to customers and operations. The transition is expected to be completed over a period of twelve to eighteen months from the announcement date.

Total costs associated with the transition are anticipated to be in the range of $25 million to $40 million and are primarily related to: employee severance and relocation; the liability associated with the sub-letting or exit of our corporate headquarters office space in Charlotte; non-cash write-off of leasehold improvements and office equipment of approximately $10 million to $12 million; and the repayment of all $3 million of relocation incentives received in connection with our 2012 move to Charlotte. Severance costs will be expensed over the requisite service periods and paid when employees have completed their required service, and the relocation and other costs will be expensed and paid as incurred. The remaining liability and cost associated with the corporate office in Charlotte including potentially subletting the space, will be determined and recorded as we cease to use the space. The write-off of leasehold improvements and office equipment will be expensed over an accelerated

7

estimated remaining life of 12-18 months. An accrual for the repayment obligation for incentives received from our 2012 relocation to Charlotte was included in our 2014 results as a component of "Transaction costs".

In January and February 2015, a reduction in force affected approximately 300 employees in Latin America. Because most of the related severance expense was included in the severance plan liabilities described in Note 9, additional expense totaled less than $1 million, which was recorded in January and February of 2015. Payments were approximately $5 million in the first quarter of 2015.

TRANSACTION COSTS

In connection with the Merger Agreement and the terminated Fyffes plc. strategic combination, we incurred legal, advisory and other expenses totaling $48 million and $6 million during the quarters ended March 31, 2015 and 2014, respectively. These costs have been included in "Transaction costs" in the Condensed Consolidated Statement of Income.

INCOME TAX CONSIDERATIONS

The change in control results in certain limitations on our ability to use net operating loss carryforwards ("NOLs") in the U.S. Because we have full valuation allowances on these NOLs, these limitations do not result in income tax expense.

Note 3 – Business Disposals

In the first quarter of 2015, we disposed of an African sourcing business for the bananas segment resulting in a loss of less than $1 million, which was recorded in "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.” 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.

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 $7 million, $8 million and $14 million of "Trade receivables, less allowances" on the Condensed Consolidated Balance Sheet as of March 31, 2015, December 31, 2014 and March 31, 2014, 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.

FINANCE RECEIVABLES

Finance receivables were as follows:

	March 31, 2015					December 31, 2014					March 31, 2014
(In thousands)	Grower Receivables			Seller Financing		Grower Receivables			Seller Financing		Grower Receivables			Seller Financing
Gross receivable	$	32,817		$	24,570	$	36,089		$	25,629	$	35,638		$	26,236
Reserve	(32,040		)	—		(32,074		)	—		(32,877		)	—
Net receivable	$	777		$	24,570	$	4,015		$	25,629	$	2,761		$	26,236
Current portion, net	$	777		$	4,833	$	4,015		$	4,740	$	2,761		$	4,068
Long-term portion, net	—			19,737		—			20,889		—			22,168
Net receivable	$	777		$	24,570	$	4,015		$	25,629	$	2,761		$	26,236

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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 quarter ended March 31, 2015, there was no significant activity in the reserve for grower receivables balance. The gross grower receivable balance in each period primarily relates to advances 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 March 31, 2015, payments are current on this note receivable.

Note 5 – Inventories

Inventories consist of the following:

(In thousands)	March 31, 2015		December 31, 2014		March 31, 2014
Finished goods	$	73,375	$	65,084	$	64,956
Growing crops	77,155		75,412		79,119
Raw materials, supplies and other	58,517		56,811		68,319
	$	209,047	$	197,307	$	212,394

Note 6 – Debt including Capital Lease Obligations

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

	March 31, 2015					December 31, 2014					March 31, 2014
	Carrying Value			Estimated Fair Value1		Carrying Value			Estimated Fair Value1		Carrying Value			Estimated Fair Value1
(In thousands)
7.875% Senior Secured Notes due 2021	$	190,162		$	210,000	$	412,483		$	447,000	$	412,249		$	462,000
4.25% Convertible Senior Notes due 2016	44,158			49,000		176,431			200,000		167,006			201,000
2015 ABL	6,000			6,000		—			—		—			—
2013 ABL Revolver	—			—		—			—		5,000			5,000
2013 ABL Term Loan	—			—		4,875			4,800		6,000			6,000
Capital lease obligations2	41,444			41,000		41,891			41,800		42,477			42,000
Other debt	4,975			4,000		6,541			6,500		6,541			6,000
Less current portion	(3,290		)			(4,703		)			(4,169		)
Total long-term debt and capital lease obligations	$	283,449				$	637,518				$	635,104

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 21, 2015, we redeemed $139 million of the 7.875% Notes at 107.875% of the principal amount (plus accrued and unpaid interest) recording a loss on debt extinguishment of $14 million related to premium and deferred financing cots write-offs. On January 23, 2015, we redeemed an additional $43 million of the 7.875% Notes at 103% of the principle amount (plus accrued and unpaid interest) recording a loss on debt extinguishment of $2 million related to premium and deferred financing costs. On February 6, 2015, we redeemed an additional $43 million of the 7.875% Notes at 103% of the principle amount (plus accrued and unpaid interest) recording a loss on debt extinguishment of $2 million related to premium and deferred financing costs.

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

9

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) was 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") were previously 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 was 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 could tender the notes for conversion only under certain circumstances, in accordance with their terms.

The change in control that occurred on January 6, 2015 constituted a Fundamental Change under the Convertible Notes indenture, which required us to offer to repurchase the Convertible Notes at a price of 100% of the principal amount of the Notes to be repurchased. The offer was extended on January 14, 2015 to holders of record as of February 1, 2015, with payment on February 15, 2015. Because the payment date was the same date as the next regularly scheduled interest payment, holders received the regularly scheduled interest payment and no additional accrued interest. Holders of $151 million principal amount ($138 million carrying value) of Convertible Notes accepted this offer, after which $49 million of Convertible Notes remain outstanding and will continue to accrue interest until maturity. Early repayment resulted in a $17 million loss primarily due to the remaining unamortized discount on the Convertible Notes at the time of repurchase and was recorded in February 2015. See further information regarding the change in control in Note 2.

The carrying amounts of the debt component of the Convertible Notes are as follows:

(In thousands)	March 31, 2015			December 31, 2014			March 31, 2014
Principal amount of debt component1	$	49,071		$	200,000		$	200,000
Unamortized discount	(4,913		)	(23,569		)	(32,994		)
Net carrying amount of debt component	$	44,158		$	176,431		$	167,006

¹  As of December 31, 2014 and March 31, 2014, 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 March 31, 2015 principal amount was reduced due to the repurchased Convertible Notes during the first quarter of 2015. See above for further discussion.

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

	Quarter Ended March 31,
(In thousands)	2015		2014
4.25% coupon interest	$	1,323	$	2,125
Amortization of deferred financing fees	58		117
Amortization of discount on the debt component	2,091		2,956
Total interest expense related to the Convertible Notes	$	3,472	$	5,198

ASSET-BASED LENDING FACILITY

On February 5, 2015 we replaced our existing Asset Based Lending Facility ("2013 ABL") with a new 5-year, $150 million Asset Based Lending Facility ("2015 ABL"). Existing cash was used to repay the $5 million outstanding term loan ("2013 ABL Term Loan") balance under the 2013 ABL and to pay the $3 million of financing fees associated with the 2015 ABL. Revolving availability under the 2015 ABL is based on a borrowing base calculation based on specified advance rates

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against the value of domestic accounts receivable, certain inventory and certain domestic machinery and equipment, with the potential for additional advances against foreign receivables. The borrowing base includes up to $19.55 million in borrowing capacity based on specified advance rates against the value of certain domestic machinery and equipment (the "Fixed Asset Sub-Line"), which Fixed Asset Sub-Line contains a re-load feature to potentially increase the sub-line to $50 million. The 2015 ABL matures on February 5, 2020. Loans under the 2015 ABL bear interest at a rate equal to LIBOR plus a margin of 1.25% to 1.75%, or Base Rate plus a margin of 0.25% to 0.75%, determined based on levels of borrowing availability reset each fiscal quarter. At March 31, 2015, the weighted average interest rate for the 2015 ABL was LIBOR plus 1.25%, or 1.43%.

Obligations under the 2015 ABL are secured by a first-priority security interest in present and future domestic receivables, inventory, equipment, and substantially all other domestic assets that are not under the first-priority security interest of the 7.875% senior secured notes due 2021 issued by the CBII and CBL on February 5, 2013, all subject to certain exceptions and permitted liens and by a second-priority interest in the existing and after acquired material domestic real estate, certain intellectual property and a pledge of 100% of the stock of substantially all of CBII's and guarantors' domestic subsidiaries and up to 65% of the stock of certain foreign subsidiaries held by CBII, CBL and the guarantors, and proceeds relating thereto.

Under the 2015 ABL, CBL and non-de minimis domestic subsidiaries are borrowers. The facility is guaranteed on a full and unconditional basis by CBII and limited domestic subsidiaries of CBII, with the potential for additional guarantees or borrowers by foreign subsidiaries of CBII.

The 2015 ABL contains a fixed charge coverage ratio covenant which only becomes applicable when availability (as defined under such facility) is less than the greater of (i) 10% of the line cap (established under such facility) and (ii) $10 million. The 2015 ABL also contains a covenant requiring CBII and its subsidiaries to maintain substantially all its cash in accounts that are subject to the control of the collateral agent under the 2015 ABL, which only becomes applicable when (a) one of certain specified event of defaults under the facility occurs and is continuing or (b) availability (as defined under such facility) is less than the greater of (i) 10% of the line cap (as defined under such facility) or (ii) $10 million, in either case (i) or (ii) for five consecutive business days. The 2015 ABL also contains other customary affirmative and negative covenants, including limitations of our ability to make distributions and pay dividends.

At March 31, 2015, we had $6 million in borrowings under the 2015 ABL, which were subsequently repaid in April 2015. We had $97 million of availability under the 2015 ABL after $25 million was used to support letters of credit.

At March 31, 2015, we were in compliance with the 2015 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 $41 million and $42 million at March 31, 2015 and March 31, 2014, respectively, of which approximately $1 million was current at each of those dates.

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 similar to an average rate euro forward. Average rate euro put options require an upfront premium payment and reduce the risk

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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.

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, through December 2014, we also entered into 30-day euro forward contracts each month to economically hedge the net monetary assets exposed to euro exchange rates and reduce the resulting volatility. We did not enter into 30-day euro forward contracts during the quarter ended March 31, 2015. 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 March 31,
(In thousands)	2015			2014
Losses on 30-day euro forward contracts	N/A			$	(212	)
Losses from fluctuations in the value of the net monetary assets exposed to euro exchange rates	$	(10,944	)	(2,351		)

To minimize the volatility that changes in fuel prices can have on our operating results, 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 advance. These bunker fuel forward contracts are designated as cash flow hedging instruments.

In connection with the 2015 ABL further discussed in Note 6, we were required to settle hedge contracts with one counterparty before their maturity because the counterparty was not a lender under the 2015 ABL. The contracts were settled for less than $1 million, net, and represented forward contracts for 17,460 metric tons of bunker fuel at an average rate of $562.92 per metric ton, average rate forward contracts for €18 million at a weighted average rate of $1.37 per euro, and an average rate collar (average rate put option at $1.35 per euro combined with an average rate call option at $1.43 per euro) for €2 million.

At March 31, 2015, our hedge portfolio was comprised of the following outstanding positions, which were all designated as cash flow hedges:

	Notional Amount	Contract Average Rate/Price	Settlement Period1
Currency derivatives:
Purchased euro put options	€89 million	$1.36/€	2015
Sold euro call options	€89 million	$1.40/€	2015
3.5% Rotterdam Barge fuel derivatives:
Bunker fuel forward contracts	27,520 mt	$554/mt	2015

¹  Settlement periods for bunker fuel forward contracts and currency derivatives are through September 2015. Certain positions were net settled on February 5, 2015 in connection with entering into the 2015 ABL as described above.

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

	2015						2014
(In thousands)	Currency Hedge Portfolio			Bunker Fuel Forward Contracts			Currency Hedge Portfolio			Bunker Fuel Forward Contracts
Balance at beginning of year	$	23,735		$	(15,990	)	$	(5,014	)	$	988
Realized (gains) losses included in net income1	(16,773		)	8,775			1,229			(175		)
Purchases (sales), net2	—			—			277			—
Changes in fair value	18,017			(104		)	(323		)	(1,447		)
Balance at March 31	$	24,979		$	(7,319	)	$	(3,831	)	$	(634	)

¹  (Gains) losses realized from the settled currency and bunker fuel forward hedge contracts prior to maturity are included in the first quarter of 2015. See discussion above.

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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.

Deferred net gains (losses) in "Accumulated other comprehensive income (loss)" at March 31, 2015 are expected to be reclassified into income as follows (in thousands):

Expected Period of Recognition	Currency Hedge Portfolio		Bunker Fuel Forward Contracts			Total
2015	$	24,660	$	(7,290	)	$	17,370

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

	Quarter ended March 31, 2015							Quarter ended March 31, 2014
(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)	$	18,427	$	(153	)	$	18,274	$	80		$	(1,126	)	$	(1,046	)
Gain (loss) reclassified from accumulated OCI into income (effective portion)1	16,978		(8,775		)	8,203		(1,027		)	175			(852		)
Loss recognized in income on derivative (ineffective portion)1	—		49			49		—			(321		)	(321		)

¹  Both the gain (loss) reclassified from "AOCI" 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 March 31, 2015, December 31, 2014 and March 31, 2014

:

		Assets (Liabilities)			Fair Value Measurements Using
(In thousands)		at Fair Value			Level 1		Level 2			Level 3
March 31, 2015
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	25,052		$	—	$	25,052		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(73		)	—		(73		)	—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	(7,319		)	—		(7,319		)	—
	Net amount recorded in other current assets	17,660			—		17,660			—
March 31, 2015		$	17,660		$	—	$	17,660		$	—
December 31, 2014
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	10,215		$	—	$	10,215		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(145		)	—		(145		)	—
Net amount recorded in other current assets		10,070			—		10,070			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	14,103			—		14,103			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(438		)	—		(438		)	—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	(15,990		)	—		(15,990		)	—
Net amount recorded in accrued liabilities		(2,325		)	—		(2,325		)	—
December 31, 2014		$	7,745		$	—	$	7,745		$	—
March 31, 2014
Derivatives recorded in "Investments & other assets, net":
Currency hedge portfolio	Gross amounts of recognized assets	$	2,146		$	—	$	2,146		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(1,936		)	—		(1,936		)	—
Bunker fuel forward contracts	Gross amounts of recognized assets	373					373
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	(166		)			(166		)
Net amount recorded in investments & other assets, net		417			—		417			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	2,937			—		2,937			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(6,978		)	—		(6,978		)	—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	317			—		317			—
Bunker fuel forward contracts	Gross amounts of recognized liabilities	(1,158		)	—		(1,158		)	—
30-day euro forward contracts	Gross amounts of recognized liabilities	(162		)	—		(162		)	—
	Net amount recorded in accrued liabilities	(5,044		)	—		(5,044		)	—
March 31, 2014		$	(4,627	)	$	—	$	(4,627	)	$	—

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

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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.

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 March 31,
(In thousands)	2015			2014
Service cost	$	1,958		$	1,855
Interest on projected benefit obligation	1,347			1,390
Expected return on plan assets	(328		)	(330		)
Recognized actuarial loss	252			268
Amortization of prior service cost	32			32
Defined benefit and severance plan expense	$	3,261		$	3,215

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 March 31,
		2015			2014
Currency translation	Other income (expense), net	$	602		$	252
Currency hedge portfolio derivatives	Net sales	(16,978		)	1,027
Bunker fuel forward contracts	Cost of sales	8,775			(175		)
Prior service cost and recognized actuarial loss amortization related to pensions*		284			300

* 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 ended March 31, 2015 were as follows:

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(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, 2014	$	(290	)	$	7,299		$	(27,091	)	$	(20,082	)
Other comprehensive income (loss) before reclassifications	2			18,274			2,172			20,448
Amounts reclassified from accumulated other comprehensive income	602			(8,203		)	284			(7,317		)
Net current-period other comprehensive income	604			10,071			2,456			13,131
Balance at March 31, 2015	$	314		$	17,370		$	(24,635	)	$	(6,951	)

⁽¹⁾ Net of deferred tax asset of $521 thousand and $401 thousand as of March 31, 2015 and December 31, 2014, respectively.

The changes in the components of accumulated other comprehensive income, net of tax, for the quarter ended March 31, 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 December 31, 2013	$	(469	)	$	(5,654	)	$	(19,660	)	$	(25,783	)
Other comprehensive income (loss) before reclassifications	16			(1,046		)	(342		)	(1,372		)
Amounts reclassified from accumulated other comprehensive income	252			852			300			1,404
Net current-period other comprehensive income	268			(194		)	(42		)	32
Balance at March 31, 2014	$	(201	)	$	(5,848	)	$	(19,702	)	$	(25,751	)

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

Note 11 – Income Taxes

The effective tax rates were (10.9)% and (32.1)% for the quarters ended March 31, 2015 and 2014, 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 ended March 31, 2015 and 2014 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 ended March 31, 2015 and 2014 were also impacted by our continuing to maintain a full valuation allowance on U.S. net deferred tax assets.

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 March 31, 2015, December 31, 2014 or March 31, 2014 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 $9 million and $7 million for the quarters ended March 31, 2015 and 2014, respectively.

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Note 13 – Stock-Based Compensation

Upon change in control on January 6, 2015, all unvested stock awards including restricted stock units ("RSU's"), Long Term Incentive Plan ("LTIP") awards and performance restricted stock units ("PRSU's") for performance periods ending after 2014 vested, where applicable, and became payable according to change in control provisions of the stock plans. The change-in-control vesting resulted in a total payout of $37 million, for the quarter ended March 31, 2015. We plan to cancel all stock plans, subject to Board approval. Stock-based compensation expense totaled $16 million and $2 million for the quarters ended March 31, 2015 and 2014, respectively. See Note 2 for further details.

Also in January 2015, the employment of Edward F. Lonergan, former President and Chief Executive Officer of CBII, terminated pursuant to a qualifying termination under his employment agreement, and the employment of Rick P. Frier, former Executive Vice President and Chief Financial Officer, Kevin R. Holland, former Executive Vice President and Chief People Officer, and James E. Thompson, former Executive Vice President, General Counsel Secretary, terminated pursuant to resignation for good reason under their change in control severance agreements. In connection with these executive terminations, $7 million of expense was recognized in January, all of which was paid prior to March 31, 2015.

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 March 31,
(In thousands)	2015			2014
Net sales:
Bananas	$	471,003		$	501,531
Salads and Healthy Snacks	230,233			229,611
Other Produce	24,095			30,848
	$	725,331		$	761,990
Operating income (loss):
Bananas	$	28,577		$	20,689
Salads and Healthy Snacks	10,901			(3,485		)
Other Produce	2,042			95
Corporate costs1	(54,450		)	(16,711		)
	$	(12,930	)	$	588

¹  Includes $48 million and $6 million of transaction costs for the quarters ended March 31, 2015 and 2014, respectively, related to the Merger Agreement and the terminated Fyffes plc. strategic combination.

Note 15 – Commitments and Contingencies

We and our subsidiaries are party to a variety of legal claims and proceedings in the ordinary course of business. Except as disclosed below, we have assessed the likelihood of these claims resulting in a material liability to be remote.    

We had an accrual of $3 million, $4 million and $4 million, related to contingencies and legal proceedings in Europe at each of March 31, 2015, December 31, 2014, and March 31, 2014, respectively. In addition, we recorded $4 million in the fourth quarter of 2014 related to a contingent reimbursement obligation related to the 2004 sale of our former Colombian operations, which was recorded in "Other income (expense), net." 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.

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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 (the "MDL Court"). We believe the plaintiffs' claims are without merit and are defending ourselves vigorously.

Between June 2011 and March 2012, the MDL Court dismissed certain of the plaintiffs' claims, but allowed the plaintiffs to move forward with other claims. An interlocutory appeal was allowed, and, in July 2014, the Eleventh Circuit reversed the MDL Court's denial of our motion to dismiss and remanded the case for entry of an order dismissing the ATS and other federal claims. In February 2015, the MDL Court entered partial final judgment in our favor, the result of which is that the only remaining claims in the ATS lawsuits are the plaintiffs’ Colombian law claims against the company and claims against certain former officers and directors of the company that were not a part of the appeal. In December 2014, the plaintiffs filed a petition for certiorari with the U.S. Supreme Court seeking review of the Eleventh Circuit decision. In April 2015, the Supreme Court denied that petition. We believe we have strong defenses to the plaintiffs' remaining claims. On March 9, 2015, the company and the individual defendants filed motions to dismiss the remaining claims in the ATS lawsuits on forum non conveniens and other grounds. Those motions are pending.

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. In January 2015, the court granted our motion in part and denied it in part, refusing to dismiss all of the ATA claims and ordering that the ATA lawsuits may proceed to discovery. In February 2015, the court issued an order setting a discovery schedule in the ATA lawsuits and a trial date of May 1, 2017. 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 March 31, 2015, 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

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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 March 31, 2015 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	€1.1	€2.3	€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	€18.7	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 ($26 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 ($22 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

21

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 – Related Party Transactions

On February 5, 2015, in connection with the partial extinguishment of the 7.875% Notes and the Convertible Notes as described in Note 6, CBII entered into a related party loan with its shareholder, Cavendish US Corporation. At March 31, 2015, the related party loan totaled $238 million, represented by Tranche A for $44 million, Tranche B for $44 million and Tranche C for $151 million. All three Tranches of the related party loan are unsecured and payable in full, plus accrued and unpaid interest, on May 6, 2020. This related party loan bears interest payable quarterly at LIBOR plus 100 basis points, or 1.18% at current rates, for the first two years and thereafter at LIBOR plus 500 basis points, or 5.18% at current rates. Under the terms of the agreement, net cash proceeds from certain asset sales may be required to repay balances under the loan.

At March 31, 2015, we had balances of $6 million and less than $1 million in Accounts Payable and Accrued Liabilities, respectively, representing obligations to Parent arising in the normal course of business.

In addition to the debt activity with its shareholder as described above, CBII also paid a dividend to Parent in the amount of $45 million as part of the Merger and capital contribution transactions.

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Note 17 – 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
Imputation of Interest Simplifying the Presentation of Debt Issuance Costs	April 2015 ASU 2015-03	Debt issuance costs related to a recognized debt liability must be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts.	Financial statements for fiscal years after December 15, 2015. Early adoption is permitted for statements that have not been previously issued.	We will adopt the new standard in the fiscal year beginning January 1, 2016. We will continue to evaluate the effect of the new standard moving forward.
Amendments to the Consolidation Analysis	February 2015 ASU 2015-02	Modifies the conditions requiring a reporting entity to consolidate certain legal entities related to VIE's, partnerships, and money market funds.	Financial statements for fiscal years after December 15, 2015.	We will adopt the new standard in the fiscal year beginning January 1, 2016. We will continue to evaluate the effect of the new standard moving forward.
Business Combinations: Pushdown Accounting	November 2014 ASU 2014-17	Provides an acquired entity the option to apply pushdown accounting after a change-in-control event, in the reporting period of which the change-in-control event occurred.	Transactions after November 18, 2014.	No effect. We have elected to not apply pushdown accounting following the change in control event in the first quarter of 2015.
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 2018. 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 18 — 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 March 31, 2015
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	200,352		$	295,017		$	472,777		$	(242,815	)	$	725,331
Cost of sales	—			211,948			254,039			399,219			(242,602		)	622,604
Selling, general and administrative	3,007			5,303			17,385			23,706			—			49,401
Transaction costs	38,044			4,096			4,620			1,219			—			47,979
Depreciation	—			5,324			5,679			4,932			—			15,935
Amortization	—			—			2,335			7			—			2,342
Equity in losses (earnings) of investees and subsidiaries	(3,488		)	(53,968		)	(1		)	—			57,457			—
Operating income (loss)	(37,563		)	27,649			10,960			43,694			(57,670		)	(12,930		)
Interest income	—			—			—			664			—			664
Interest expense	(3,982		)	(4,404		)	(676		)	(123		)	—			(9,185		)
Loss on debt extinguishment	(17,112		)	(19,100		)	—			—			—			(36,212		)
Other income (expense), net	—			—			—			(602		)	—			(602		)
Intercompany interest and other	392			(657		)	(116		)	168			213			—
Income (loss) before income taxes	(58,265		)	3,488			10,168			43,801			(57,457		)	(58,265		)
Income tax expense	(6,361		)	(67		)	(4,424		)	(712		)	5,203			(6,361		)
Net income (loss)	$	(64,626	)	$	3,421		$	5,744		$	43,089		$	(52,254	)	$	(64,626	)

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Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Loss (Unaudited)
Quarter March 31, 2015
(in thousands)
	CBII			CBLLC		Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(64,626	)	$	3,421	$	5,744	$	43,089		$	(52,254	)	$	(64,626	)
Unrealized foreign currency translation gains	—			—		—		2			—			2
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—		—		602			—			602
Net other comprehensive income related to foreign currency translation	—			—		—		604			—			604
Unrealized gains (losses) on derivatives for the period	—			—		—		18,274			—			18,274
Derivative gains reclassified into Net sales	—			—		—		(16,978		)	—			(16,978		)
Derivative losses reclassified into Cost of sales	—			—		—		8,775			—			8,775
Net other comprehensive income related to derivatives	—			—		—		10,071			—			10,071
Actuarial gains for the period, net of tax	—			—		—		2,172			—			2,172
Amortization included in pension cost	—			103		—		181			—			284
Net other comprehensive income related to defined benefit pension and severance plans	—			103		—		2,353			—			2,456
Other comprehensive income (loss) of investments in subsidiaries	13,131			13,028		—		—			(26,159		)	—
Comprehensive income (loss)	$	(51,495	)	$	16,552	$	5,744	$	56,117		$	(78,413	)	$	(51,495	)

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Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Quarter Ended March 31, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	209,044		$	293,273		$	502,259		$	(242,586	)	$	761,990
Cost of sales	—			202,000			262,872			462,579			(242,199		)	685,252
Selling, general and administrative	7,908			3,787			22,172			20,524			—			54,391
Transaction Costs	5,919			—			—			—			—			5,919
Depreciation	—			1,276			6,199			6,024			—			13,499
Amortization	—			—			2,335			6			—			2,341
Equity in losses of investees	95			(7,565		)	3,473			—			3,997			—
Operating income (loss)	(13,922		)	9,546			(3,778		)	13,126			(4,384		)	588
Interest income	—			2			33			629			—			664
Interest expense	(5,292		)	(9,231		)	(884		)	(61		)	—			(15,468		)
Loss on debt extinguishment	—			(521		)	—			—			—			(521		)
Other income (expense), net	583			109			(451		)	(4,522		)	387			(3,894		)
Income (loss) before income taxes	(18,631		)	(95		)	(5,080		)	9,172			(3,997		)	(18,631		)
Income tax expense	(5,972		)	(343		)	1,968			(914		)	(711		)	(5,972		)
Net income (loss)	$	(24,603	)	$	(438	)	$	(3,112	)	$	8,258		$	(4,708	)	$	(24,603	)

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Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Loss (Unaudited)
Quarter Ended March 31, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(24,603	)	$	(438	)	$	(3,112	)	$	8,258		$	(4,708	)	$	(24,603	)
Unrealized foreign currency translation gains	—			—			—			16			—			16
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—			—			252			—			252
Net other comprehensive income related to foreign currency translation	—			—			—			268			—			268
																—
Unrealized losses on derivatives for the period	—			—			—			(1,046		)	—			(1,046		)
Derivative losses reclassified into Net sales	—			—			—			1,027			—			1,027
Derivative gains reclassified into Cost of sales	—			—			—			(175		)	—			(175		)
Net other comprehensive loss related to derivatives	—			—			—			(194		)	—			(194		)
																—
Actuarial losses for the period, net of tax	—			—			—			(342		)	—			(342		)
Amortization included in pension cost	—			104			—			196			—			300
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			104			—			(146		)	—			(42		)
																—
Other comprehensive income (loss) of investments in subsidiaries	(220		)	(324		)	—			—			544			—
Comprehensive income (loss)	$	(24,823	)	$	(658	)	$	(3,112	)	$	8,186		$	(4,164	)	$	(24,571	)

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Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
March 31, 2015
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	17,581	$	4,114	$	306	$	33,598	$	—		$	55,599
Trade receivables, less allowances	—		59,021		60,972		126,475		—			246,468
Other receivables, net	—		6,020		4,071		48,302		—			58,393
Inventories	—		10,019		36,682		162,346		—			209,047
Prepaid expenses	443		3,428		6,405		31,591		—			41,867
Other current assets	—		17,660		13,423		503		(7,530		)	24,056
Total current assets	18,024		100,262		121,859		402,815		(7,530		)	635,430
Property, plant and equipment, net	—		10,141		189,383		185,163		—			384,687
Investments and other assets, net	9,429		9,092		3,967		74,430		—			96,918
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		75,176		27		—			75,203
Investments in and accounts with subsidiaries	1,447,583		1,229,638		3,548		—		(2,680,769		)	—
Due from affiliates	80,112		2,184,016		1,628,905		689,847		(4,582,880		)	—
Total assets	$	1,555,148	$	3,741,234	$	2,079,433	$	1,531,782	$	(7,271,179	)	$	1,636,418
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	—	$	1,649	$	1,641	$	—		$	3,290
Accounts payable	3,632		6,307		101,399		137,117		—			248,455
Accrued liabilities	23,001		8,142		51,198		54,487		—			136,828
Total current liabilities	26,633		14,449		154,246		193,245		—			388,573
Long-term debt and capital lease obligations, net of current portion	44,158		196,162		39,553		3,576		—			283,449
Accrued pension and other employee benefits	9,498		6,360		8		62,498		—			78,364
Deferred tax liabilities	993		83,117		27,695		—		(7,530		)	104,275
Other liabilities	—		7,777		21,994		41,679		—			71,450
Long-term related parties debt	238,479		—		—		—		—			238,479
Due to affiliates	763,559		1,985,786		1,429,170		404,365		(4,582,880		)	—
Total liabilities	1,083,320		2,293,651		1,672,666		705,363		(4,590,410		)	1,164,590
Commitments and contingencies
Total shareholders' equity	471,828		1,447,583		406,767		826,419		(2,680,769		)	471,828
Total liabilities and shareholders' equity	$	1,555,148	$	3,741,234	$	2,079,433	$	1,531,782	$	(7,271,179	)	$	1,636,418

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Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet
December 31, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	13,707	$	—	$	34,453	$	—		$	48,160
Trade receivables, less allowances	—		49,844		47,579		119,997		—			217,420
Other receivables, net	—		4,383		3,302		59,335		(210		)	66,810
Inventories	—		9,657		34,331		153,319		—			197,307
Prepaid expenses	209		5,555		8,193		24,861		—			38,818
Other current assets	—		10,070		11,506		503		(7,530		)	14,549
Total current assets	209		93,216		104,911		392,468		(7,740		)	583,064
Property, plant and equipment, net	—		15,680		194,362		186,987		—			397,029
Investments and other assets, net	22,032		11,209		4,372		79,150		(6,543		)	110,220
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		77,511		34		—			77,545
Investments in and accounts with subsidiaries	1,431,037		1,165,799		1,572		—		(2,598,408		)	—
Due from affiliates	84,298		2,377,190		1,537,915		626,343		(4,625,746		)	—
Total assets	$	1,537,576	$	3,871,179	$	1,977,238	$	1,464,482	$	(7,238,437	)	$	1,612,038
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,674	$	1,529	$	—		$	4,703
Accounts payable	6,795		7,672		86,010		122,809		—			223,286
Accrued liabilities	31,752		24,308		54,199		48,436		(7,740		)	150,955
Total current liabilities	38,547		33,480		141,883		172,774		(7,740		)	378,944
Long-term debt and capital lease obligations, net of current portion	176,431		415,858		39,945		5,284		—			637,518
Accrued pension and other employee benefits	14,637		6,549		—		68,195		—			89,381
Deferred tax liabilities	—		83,188		27,720		—		(6,543		)	104,365
Due to affiliates	981,225		1,893,148		1,346,665		404,708		(4,625,746		)	—
Other liabilities	3,402		7,919		21,979		45,196		—			78,496
Total liabilities	1,214,242		2,440,142		1,578,192		696,157		(4,640,029		)	1,288,704
Commitments and contingencies
Total shareholders' equity	323,334		1,431,037		399,046		768,325		(2,598,408		)	323,334
Total liabilities and shareholders' equity	$	1,537,576	$	3,871,179	$	1,977,238	$	1,464,482	$	(7,238,437	)	$	1,612,038

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Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
March 31, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	880	$	—	$	25,944	$	—		$	26,824
Trade receivables, less allowances	—		57,161		59,016		161,990		—			278,167
Other receivables, net	—		1,277		6,331		52,706		(1,018		)	59,296
Inventories	—		10,484		35,675		166,235		—			212,394
Prepaid expenses	1,276		1,167		9,781		33,870		—			46,094
Due from affiliates	53,086		2,103,203		1,342,820		525,705		(4,024,814		)	—
Other current assets	—		2,827		13,109		—		(9,214		)	6,722
Total current assets	54,362		2,176,999		1,466,732		966,450		(4,035,046		)	629,497
Property, plant and equipment, net	—		19,075		201,307		178,338		—			398,720
Investments and other assets, net	22,629		13,068		4,523		75,499		(6,351		)	109,368
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		84,517		54		—			84,571
Investments in and accounts with subsidiaries	1,402,092		1,085,194		2,313		—		(2,489,599		)	—
Total assets	$	1,479,083	$	3,502,421	$	1,815,987	$	1,399,841	$	(6,530,996	)	$	1,666,336
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,181	$	1,488	$	—		$	4,169
Accounts payable	6,358		6,804		107,108		156,287		—			276,557
Accrued liabilities	30,737		19,660		56,917		54,400		(10,232		)	151,482
Due to affiliates	906,543		1,573,846		1,178,026		366,399		(4,024,814		)	—
Total current liabilities	943,638		1,601,810		1,343,232		578,574		(4,035,046		)	432,208
Long-term debt and capital lease obligations, net of current portion	167,006		421,749		41,159		5,190		—			635,104
Accrued pension and other employee benefits	14,724		2,663		—		61,115		—			78,502
Deferred gain - sale of shipping fleet	—		—		—		2,757		—			2,757
Deferred tax liabilities	235		66,150		45,943		—		(6,351		)	105,977
Other liabilities	1,983		7,957		8,831		41,520		—			60,291
Total liabilities	1,127,586		2,100,329		1,439,165		689,156		(4,041,397		)	1,314,839
Commitments and contingencies
Total shareholders' equity	351,497		1,402,092		376,822		710,685		(2,489,599		)	351,497
Total liabilities and shareholders' equity	$	1,479,083	$	3,502,421	$	1,815,987	$	1,399,841	$	(6,530,996	)	$	1,666,336

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Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Quarter ended March 31, 2015
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-Issuer)			(Co-Issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash provided (used) by:
Operating cash flow	$	(255,417	)	$	221,186		$	(2,054	)	$	1,055		$	—		$	(35,230	)
Capital expenditures	—			(94		)	(934		)	(3,559		)	—			(4,587		)
Investing activity with subsidiaries	—			(5,095		)	—			—			5,095			—
Other, net	—			—			(2		)	(233		)	—			(235		)
Investing cash flow	—			(5,189		)	(936		)	(3,792		)	5,095			(4,822		)
Issuances of long-term debt with related party	238,479			—			—			—			—			238,479
Repurchase of Convertible Notes	(146,401		)	—			—			—			—			(146,401		)
Redemption of 7.875% Notes	—			(222,117		)	—			—			—			(222,117		)
Repayments of the 2013 ABL Term Loan	—			(4,875		)	—			—			—			(4,875		)
Borrowings under the 2015 ABL	—			16,000			—			—			—			16,000
Repayments of the 2015 ABL	—			(10,000		)	—			—			—			(10,000		)
Repayments of long-term debt and capital lease obligations	—			—			(1,799		)	(93		)	—			(1,892		)
Payments for debt modification and issuance costs	—			(2,623		)	—			—			—			(2,623		)
Payment of stock-based compensation	(36,588		)	—			—			—			—			(36,588		)
Payment of dividend to related party	(45,374		)	—			—			—			—			(45,374		)
Proceeds from sale of common stock	154,836			—			—			—			—			154,836
Proceeds from capital contributions	108,046			—			—			—			—			108,046
Financing activity with subsidiaries	—			(1,975		)	5,095			1,975			(5,095		)	—
Financing cash flow	272,998			(225,590		)	3,296			1,882			(5,095		)	47,491
Increase (decrease) in cash and equivalents	17,581			(9,593		)	306			(855		)	—			7,439
Cash and equivalents, beginning of period	—			13,707			—			34,453			—			48,160
Cash and equivalents, end of period	$	17,581		$	4,114		$	306		$	33,598		$	—		$	55,599

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Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Quarter ended March 31, 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	$	—	$	(2,459	)	$	(889	)	$	(4,670	)	$	—		—	$	(8,018	)
Capital expenditures	—		(1,067		)	(2,244		)	(7,374		)	—				(10,685		)
Investing activity with subsidiaries1	—		(5,750		)	(2,600		)	—			8,350				—
Other, net	—		—			44			(2,763		)	—				(2,719		)
Investing cash flow	—		(6,817		)	(4,800		)	(10,137		)	8,350				(13,404		)
Redemption of 7.875% Notes	—		(10,000		)	—			—			—				(10,000		)
Borrowings under the 2013 ABL Revolver	—		20,000			—			—			—				20,000
Repayments of the 2013 ABL Revolver	—		(15,000		)	—			—			—				(15,000		)
Repayments of the 2013 ABL Term Loan	—		(375		)	—			—			—				(375		)
Repayments of long-term debt and capital lease obligations	—		—			(61		)	(15		)	—				(76		)
Payments for debt modification and issuance costs	—		(20		)	—			—			—				(20		)
Payments of debt extinguishment costs	—		(300		)	—			—			—				(300		)
Financing activity with subsidiaries1	—		—			5,750			2,600			(8,350		)		—
Financing cash flow	—		(5,695		)	5,689			2,585			(8,350		)		(5,771		)
Increase (decrease) in cash and equivalents	—		(14,971		)	—			(12,222		)	—				(27,193		)
Cash and equivalents, beginning of period	—		15,851			—			38,166			—				54,017
Cash and equivalents, end of period	$	—	$	880		$	—		$	25,944		$	—			$	26,824

¹ As previously disclosed in our second quarter of 2014 Form 10-Q, $3 million of investing and financing activity between the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries during the first quarter of 2014 has been corrected and is reflected in this condensed consolidating statement of cash flows for the three months ended March 31, 2014.

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

Change in Ownership

On October 26, 2014, Chiquita entered into an Agreement and Plan of Merger ("Merger Agreement") with Cavendish Global Limited ("Parent"), a private limited company incorporated under the laws of England and Wales and an affiliate of the Cutrale and Safra Groups. The merger was consummated on January 6, 2015, as described in Note 2 to the Condensed Consolidated Financial Statements, with all of Chiquita's outstanding shares being purchased for $14.50 per share and resulting in Cavendish US Corporation, a wholly-owned, indirect subsidiary of Parent, owning 100% of Chiquita.

In the first quarter of 2015, we incurred $48 million of transaction costs, including legal, advisory and other expenses, related to the Merger Agreement.

Under new ownership, we commenced refinancing and restructuring activities in January and February 2015, which are described more fully in Note 2, Note 6 and Note 16 to the Condensed Consolidated Financial Statements. These activities included:

• Redeeming $224 million principal amount of 7.875% Senior Notes due 2021 funded by equity contributions and related party loans. After the redemptions, $191 million principal amount of these Notes remain outstanding.

• Repurchasing $151 million principal amount of the Convertible Senior Notes due 2016 funded by related party loans. After the repurchase, $49 million principal amount of these Convertible Notes remain outstanding.

• Replacing our existing Asset Based Lending Facility with a new 5-year, $150 million Asset Based Lending Facility.

• Initiating restructuring activities designed to more closely align corporate services with operations and the strategies of new management, and announcing the closure of our headquarters in Charlotte, North Carolina. Total costs associated with these activities are expected to be in the range of $25 million to $40 million.

• Initiating a reduction in force affecting approximately 300 employees in Latin America and resulting in less than $1 million of additional expense, but $5 million in severance payments.

Operations Overview

In the first quarter of 2015, our core Bananas and Salads and Healthy Snacks businesses both performed above the same period of 2014. Excluding the $48 million of transaction costs described above, our overall operating income during the first quarter of 2015 improved compared with the same period of 2014.

In our Bananas segment, our operating income also improved quarter over quarter. Overall banana volume was lower and foreign exchange fluctuations had an adverse impact on our sales as compared to the first quarter of 2014, partially offset by pricing increases as a result of supply shortages in the market. Our banana segment also benefited from lower fuel costs, shipping and logistics efficiencies, and decreased spot purchases.

Our Salads and Healthy Snacks segment results reflected increased volume in our retail value-added salads and packaging efficiency and pricing actions that took effect during the second half of 2014. This resulted in increased retail value-added salad pricing inclusive of product mix, partially offset by lower sales volume in our healthy snacks and foodservice segments, and lower value chain costs.

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 businesses 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 2014 Annual Report on Form 10-K and discussion below.

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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 Merger Agreement and the terminated Fyffes plc. strategic combination. Inter-segment transactions are eliminated. Total amounts may not recalculate due to rounding.

	Quarter Ended March 31,						Better (Worse) Percent Change
(In millions)	2015			2014
Net sales:
Bananas	$	471		$	502		(6.1	)%
Salads and Healthy Snacks	230			230			0.3	%
Other Produce	24			31			(21.9	)%
	$	725		$	762		(4.8	)%
Cost of sales:
Bananas	$	404		$	447		9.6	%
Salads and Healthy Snacks	194			205			5.4	%
Other Produce	23			31			25.8	%
Corporate costs	2			2			—	%
	$	623		$	685		9.1	%
Operating income (loss):
Bananas	$	29		$	21		38.1	%
Salads and Healthy Snacks	11			(3		)	412.8	%
Other Produce	2			—			NM
Corporate Costs	(54		)	(17		)	(225.8	)%
	$	(13	)	$	1		NM

Tables may not total or recalculate due to rounding.

QUARTER ENDED MARCH 31, 2015 vs. QUARTER ENDED MARCH 31, 2014

Net Sales. Net sales decreased on a consolidated basis by 4.8%. In our Bananas segment, the decrease in net sales was driven by lower volume in North America and Core Europe (defined below) as a result of lower retail volume due to weather conditions and the impact from foreign exchange offset slightly by higher banana pricing.

Salads and Healthy Snacks segment sales remained flat, year over year, as a result of increased retail volume, improved product mix, the increased pricing action implemented in July 2014 and more efficient use of trade spend, offset by a decline in sales volume for the healthy snacks and food service segments.

Other produce sales decreased primarily as a result of weather conditions.

Cost of Sales. Cost of sales decreased 9.1% on a consolidated basis. The primary drivers of lower costs were reduced weather impacts as compared to the first quarter of 2014, lower fruit volumes in 2015 and lower fuel costs.

In our bananas business, cost of sales decreased due to lower spot purchases and improved productivity as a result of reduced weather impacts in our growing regions in Central America as compared to 2014 and supply shortages in our operating markets. We continue to prioritize price over volume in our markets, resulting in fewer spot market purchases and incremental cost savings from supply constraints.

In our Salads and Healthy Snacks segment, cost of sales decreased significantly in the first quarter of 2015 as compared to 2014 due to decreased fuel costs and improved growing conditions from reduced weather impacts on logistic and raw supply costs.

Other produce cost of sales decreased due to lower volume.

Operating Income. As a result of the items discussed above, our segments' operating income was higher than the first

34

quarter of 2014, however this was offset by additional Corporate costs driven by the $48 million of transaction costs in connection with the Merger Agreement. 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)	Q1
2014 Banana segment net sales	$	502
Global pricing and geographic product mix	21
Volume	(38		)
Average European exchange rates including the effect of hedging	(13		)
Other	(1		)
2015 Banana segment net sales	$	471

	(Better) Worse
(In millions)	Q1
2014 Banana segment cost of sales	$	447
Volume	(27		)
Sourcing and logistics costs1	(22		)
Average European exchange rates	8
Tariffs	(2		)
2015 Banana segment cost of sales	$	404

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. Bunker fuel hedges include $9 million and less than $1 million of hedging losses in the first quarters of 2015 and 2014, respectively.

	Better (Worse)
(In millions)	Q1
2014 Banana segment operating income	$	21
Change in Banana segment net sales from above	(31		)
Change in Banana segment cost of sales from above	43
Selling, general and administrative expenses	(4		)
2015 Banana segment operating income	$	29

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BANANA SEGMENT METRICS

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

(In millions, except percentages)	Q1 2015	Q1 2014	% Change
North America	17.9	18.4	(2.8	)%
Europe and the Middle East:
Core Europe2	8.3	8.6	(3.3	)%
Mediterranean3	1.3	2.7	(50.5	)%
Middle East	1.2	0.9	33.5	%
Europe and the Middle East	10.8	12.2	(11.0	)%
Total volume	28.7	30.6	(6.1	)%

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 2015 compared to 2014 were as follows:

	Q1
North America1	2.7	%
Core Europe:
Local currency	5.8	%
Currency exchange impact	(12.7	)%
Core Europe U.S. Dollar Basis2	(6.9	)%
Mediterranean	(5.8	)%
Middle East	7.8	%
Europe and the Middle East	(8.6	)%

¹   North America pricing includes surcharges to recover fuel-related, increases in paper and other costs.

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

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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)	Q1 2015		Q1 2014		% Change
Euro average exchange rate, spot	$	1.12	$	1.37	(18.2	)%
Euro average exchange rate, hedged	1.27		1.36		(6.6	)%

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

(In millions)	Q1
Net sales:
Change in euro exchange rate	$	(31	)
Change in realized hedging gain (loss)1	19
Effect on net sales	(12		)
Local costs increase	9
Change in balance sheet translation loss2	(8		)
Net effect on operating income (loss)	$	(11	)

Table may not total or recalculate due to rounding.

¹   First quarter hedging gain was $17 million in 2015 versus a loss of $1 million in the same period of 2014.

²   We discontinued entering into 30-day euro forward contracts to economically hedge the balance sheet translation in December 2014. First quarter balance sheet translation was a net loss of $11 million and $3 million in 2015 and 2014, respectively.

BANANA SEGMENT - OTHER INFORMATION

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 2013, 2014, and 2015, with further tariff reductions to resume in 2016. The EU also signed a WTO agreement with the United States, under which it agreed not to reinstate WTO-illegal tariff quotas or discriminatory licensing practices on banana imports.

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 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 ratified by the governments before it takes effect. The agreement grants bananas from Ecuador roughly the same reduced EU tariffs and country-specific volumes that the EU-Colombia FTA grants to bananas from Colombia. Because the full agreement has not yet been disclosed, it is not yet clear whether any of its other provisions will affect bananas. It is also 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 all of the agreement's banana provisions the agreement's effect on our operations, if any, will remain unclear.

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

37

sale of food products to non-sanctioned parties. These sales to Iranian customers are in U.S. dollars and represent $7 million, $8 million and $14 million of "Trade receivables, less allowances" on the Condensed Consolidated Balance Sheet as of March 31, 2015, December 31, 2014 and March 31, 2014, 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.

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

	Better (Worse)
(In millions)	Q1
2014 Salads and Healthy Snacks segment net sales	$	230
Pricing including mix:
Retail value-added salads	4
Healthy snacks, foodservice and other	1
Volume:
Retail value-added salads	7
Healthy snacks, foodservice and other	(9		)
Processed fruit ingredient products, primarily volume	(1		)
Other	(2		)
2015 Salads and Healthy Snacks segment net sales	$	230

	(Better) Worse
(In millions)	Q1
2014 Salads and Healthy Snacks cost of sales	$	205
Volume:
Retail value-added salads	6
Healthy snacks, foodservice and other	(7		)
Mix:
Retail value-added salads	4
Healthy snacks, foodservice and other	1
Industry input and manufacturing costs:
Retail value-added salads	(9		)
Healthy snacks, foodservice and other	(2		)
Processed fruit ingredient products, primarily volume	(3		)
Other	(1		)
2015 Salads and Healthy Snacks cost of sales	$	194

38

	Better (Worse)
(In millions)	Q1
2014 Salads and Healthy Snacks segment operating income	$	(3	)
Change in Salads and Healthy Snacks segment cost of sales from above	11
Selling, general and administrative, including marketing	3
2015 Salads and Healthy Snacks segment operating income	$	11

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)	Q1 2015	Q1 2014	% Change
Volume of 12-count cases	12.7	12.4	2.9	%
Average price per case including mix1			5.4	%

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.

INTEREST AND LOSS ON DEBT EXTINGUISHMENT

Interest expense was $9 million and $15 million for the quarters ended March 31, 2015 and 2014, respectively. Loss on debt extinguishment in the first quarter of 2015 includes losses of $19 million from the redemptions of $224 million of the 7.875% Senior Secured Notes due 2021 ("7.875% Notes") and losses of $17 million from the repurchases of $151 million of the 4.25% Convertible Senior Notes due 2016 ("Convertible Notes").

Loss on debt extinguishment in the first quarter of 2014 relates to the redemption of $10 million of the 7.875% Notes on January 31, 2014.

OTHER INCOME (EXPENSE), NET

In the first quarter of 2015, we disposed of an African sourcing business for the bananas segment resulting in a loss of less than $1 million, which was recorded in "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". 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.

INCOME TAXES

Income taxes were a net expense of $6 million for each of the quarters ended March 31, 2015 and 2014. For the quarters ended March 31, 2015 and 2014 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 that our cash position, cash flow generated by operations and borrowing capacity under our 2015 ABL (defined below) and related party borrowing availability 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 March 31, 2015, we had $6 million of borrowings under the 2015 ABL Revolver (described below), under which $97 million was available after $25 million was used to support letters of credit. A subsidiary has a committed credit line of approximately €7 million ($8 million) for bank guarantees used primarily for payments due under import licenses and duties in European countries as of the date of this filing. We have €8 million ($9 million) of cash equivalents in compensating balance arrangements related to this committed credit line.

In January and February 2015, we redeemed $224 million of the 7.875% Notes, of which $85 million and $139 million were redeemed at 103% and 107.875% of the principal amount, plus accrued and unpaid interest to the redemption date, respectively. In accordance with the terms of the indenture of the 7.875% Notes, the change in control that occurred on January 6, 2015 required us to offer to repurchase the remaining $191 million principal amount of the 7.875% Notes at 101% of the principal amount, plus accrued and unpaid interest to the redemption date. Accordingly, we issued a tender offer for these notes where an insignificant amount were tendered. The change in control also required us to offer to repurchase the Convertible Notes, and on February 15, 2015, we repurchased $151 million principal amount of the Convertible Notes at a price of 100% of the principal amount plus accrued and unpaid interest through the redemption date. These repurchases together with the payout

39

of approximately $37 million for unvested stock awards were financed with $192 million of net capital contributions and $238 million of related party loans from Cavendish US Corporation, the parent of Chiquita. These related party loans bear interest payable quarterly at LIBOR plus 100 basis points, or 1.18% at current rates, for the first two years and thereafter at LIBOR plus 500 basis points, or 5.18% at current rates.

On February 5, 2015 we replaced our existing Asset Based Lending Facility ("2013 ABL") with a new 5-year, $150 million Asset Based Lending Facility ("2015 ABL"). Existing cash was used to repay the $5 million outstanding term loan balance under the 2013 ABL and to pay the $3 million of financing fees associated with the 2015 ABL. Revolving availability under the 2015 ABL is based on a borrowing base calculation based on specified advance rates against the value of domestic accounts receivable, certain inventory and certain domestic machinery and equipment, with the potential for additional advances against foreign receivables.

See the description and terms of the debt redemptions and repurchases that occurred during the first quarter of 2015 in Note 6 and for the terms of the related equity contributions and related party debt in Note 2 and Note 16 to the Condensed Consolidated Financial Statements.

Cash used by operations was $35 million and $8 million for the quarters ended March 31, 2015 and 2014, respectively. Changes in cash flow from operations were driven by payments for transaction costs and changes in working capital primarily driven by inventory.

Cash flow used in investing activities includes capital expenditures of $5 million and $11 million for the quarters ended March 31, 2015 and 2014, respectively.

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 March 31, 2015, December 31, 2014 and March 31, 2014, our bunker fuel forward contracts were a net liability of $7 million, $16 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 March 31, 2015, December 31, 2014 and March 31, 2014, our euro-based currency hedging contracts were a net asset (liability) of $25 million, $24 million and $(4) 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 ($43 million) through 2019 to preserve our right to appeal the customs and tax assessments. Of these assessments, we have deposited €29 million ($32 million) through March 31, 2015, which is included in "Investments and other assets, net" on the Consolidated Balance Sheet pending resolution of the appeals process. Based on rulings described in Note 15 to the 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 ($5 million) 2015 through 2016, €4 million ($4 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.

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 March 31, 2015 from National Union for defense costs in certain matters. 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 plus interest. The company has appealed that ruling and secured a stay of the judgment ordering us to reimburse National Union pending the appeal.

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At March 31, 2015, we were in compliance with each of our debt instruments and expect to remain in compliance for at least twelve months.

Risks of International Operations

We operate in many foreign countries, including Central and South America, Europe, and the Middle East. Our global 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 like Iran and Syria, that require U.S. government authorization for sales there; notwithstanding the broad trade sanctions against these countries, under current U.S. law and licenses issued thereunder, we are authorized to sell food products to specific customers in these countries. In order to avoid transactions with parties subject to trade restrictions, we screen parties to our transactions against relevant trade sanctions lists. Our operations in some Central American countries are dependent upon leases and other agreements with the governments of these countries.

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, 2014.

New Accounting Standards

See Note 17 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; 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 2014 Annual Report on Form 10-K. As of March 31, 2015, 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

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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 April 24, 2015, we had:

• Average rate collars for approximately 30% of our expected net sales through September 2015 that protect from a decline in the exchange rate below $1.34 per euro and limit the benefit of an increase in the exchange rate above $1.42 per euro.

• Average rate forwards and synthetic average rate forwards that lock in the value of the euro for approximately 30% of our expected net sales through September 2015 at $1.37 per euro.

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 rotation 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 can 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 March 31, 2015, we had a deferred loss on bunker fuel hedges included in Accumulated other comprehensive income (loss) ("AOCI") of $7 million that is expected to increase our cost of bunker fuel in 2015 and represent coverage for expected fuel purchases of approximately 80%.

We carry hedging instruments at fair value on our Condensed Consolidated Balance Sheets. The fair value of the currency hedge portfolio and bunker fuel forward contracts was a net asset (liability) of of $18 million, $8 million and $(4) million at March 31, 2015, December 31, 2014, and March 31, 2014, 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 $10 million at March 31, 2015. 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 foreign currencies. A hypothetical 10% decrease in bunker fuel rates would result in a decline in fair value of the bunker fuel forward contracts of approximately $1 million at March 31, 2015. 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 March 31, 2015, we had $240 million principal balance of fixed-rate debt, which included the 7.875% Notes and the 4.25% Convertible Senior Notes. The $49 million principal balance of the Convertible Notes is greater than their $44 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 $191 million principal balance of the 7.875% Notes is greater than their $190 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 $5 million at March 31, 2015.

We are exposed to interest rate risk on our variable rate debt, which is primarily the outstanding balance under our related party loan with Cavendish US Corporation. We had approximately $291 million of variable rate debt at March 31, 2015 (see Notes 6 and 16 to the Condensed Consolidated Financial Statements). A 1% change in interest rates would result in a change to interest expense of approximately $3 million annually.

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, Bananas, Chief Executive Officer, Fresh Express and Chiquita Fruit Solutions, and Chief Financial Officer, of the effectiveness as of March 31, 2015 of our disclosure controls and procedures as defined in

42

Exchange Act Rule 13a-15(e). Based upon that evaluation, the Chief Executive Officer, Bananas, Chief Executive Officer, Fresh Express and Chiquita Fruit Solutions, 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 March 31, 2015 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. Reference is made to the discussion under “Part 1, Item 3 - Legal Proceedings - Personal Injury Cases” in our Annual Report on Form 10-K for the year ended December 31, 2014. Regarding the DBCP cases pending in Costa Rica, in March 2015, approximately 527 additional Costa Rican plaintiffs filed claims in Costa Rica. The Company believes that most, if not all of these plaintiffs had filed DBCP claims in California in 2004 and voluntarily dismissed those claims in approximately February 2013.

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, 2014. There have been no material changes to the risk factors disclosed in the Annual Report.

Item 6 – Exhibits

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

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

44

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/ Darcilo Santos
	Darcilo Santos
	Chief Financial Officer

May 14, 2015

45

EX-31.1

Exhibit 31.1

Certification of Chief Executive Officers

I, Andrew J. Biles, 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.

	/s/ Andrew J. Biles
Date: May 14, 2015	Andrew J. Biles
	Title: Chief Executive Officer, Bananas and Pineapples

Exhibit 31.1

Certification of Chief Executive Officers

I, Kenneth Diveley, 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.

	/s/ Kenneth Diveley
Date: May 14, 2015	Kenneth Diveley
	Title: Chief Executive Officer, Fresh Express and Chiquita Fruit Solutions

EX-31.2

Exhibit 31.2

Certification of Chief Financial Officer

I, Darcilo Santos, 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.

	/s/ Darcilo Santos
Date: May 14, 2015	Darcilo Santos
	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 March 31, 2015 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: May 14, 2015	/s/ Andrew J. Biles
	Name: Andrew J. Biles
	Title: Chief Executive Officer, Bananas and Pineapples
Dated: May 14, 2015	/s/ Kenneth Diveley
	Name: Kenneth Diveley
	Title: Chief Executive Officer, Fresh Express and Chiquita Fruit Solutions
Dated: May 14, 2015	/s/ Darcilo Santos
	Name: Darcilo Santos
	Title: Chief Financial Officer

XML

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

3 Months Ended

Mar. 31, 2015

Mar. 31, 2014

Condensed Statement Of Comprehensive Income [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Loss (Unaudited)
Quarter March 31, 2015
(in thousands)
	CBII			CBLLC		Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(64,626	)	$	3,421	$	5,744	$	43,089		$	(52,254	)	$	(64,626	)
Unrealized foreign currency translation gains	—			—		—		2			—			2
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—		—		602			—			602
Net other comprehensive income related to foreign currency translation	—			—		—		604			—			604
Unrealized gains (losses) on derivatives for the period	—			—		—		18,274			—			18,274
Derivative gains reclassified into Net sales	—			—		—		(16,978		)	—			(16,978		)
Derivative losses reclassified into Cost of sales	—			—		—		8,775			—			8,775
Net other comprehensive income related to derivatives	—			—		—		10,071			—			10,071
Actuarial gains for the period, net of tax	—			—		—		2,172			—			2,172
Amortization included in pension cost	—			103		—		181			—			284
Net other comprehensive income related to defined benefit pension and severance plans	—			103		—		2,353			—			2,456
Other comprehensive income (loss) of investments in subsidiaries	13,131			13,028		—		—			(26,159		)	—
Comprehensive income (loss)	$	(51,495	)	$	16,552	$	5,744	$	56,117		$	(78,413	)	$	(51,495	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Loss (Unaudited)
Quarter Ended March 31, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(24,603	)	$	(438	)	$	(3,112	)	$	8,258		$	(4,708	)	$	(24,603	)
Unrealized foreign currency translation gains	—			—			—			16			—			16
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—			—			252			—			252
Net other comprehensive income related to foreign currency translation	—			—			—			268			—			268
																—
Unrealized losses on derivatives for the period	—			—			—			(1,046		)	—			(1,046		)
Derivative losses reclassified into Net sales	—			—			—			1,027			—			1,027
Derivative gains reclassified into Cost of sales	—			—			—			(175		)	—			(175		)
Net other comprehensive loss related to derivatives	—			—			—			(194		)	—			(194		)
																—
Actuarial losses for the period, net of tax	—			—			—			(342		)	—			(342		)
Amortization included in pension cost	—			104			—			196			—			300
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			104			—			(146		)	—			(42		)
																—
Other comprehensive income (loss) of investments in subsidiaries	(220		)	(324		)	—			—			544			—
Comprehensive income (loss)	$	(24,823	)	$	(658	)	$	(3,112	)	$	8,186		$	(4,164	)	$	(24,571	)

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Hedging Hedges settled early due to 2015 ABL Restructuring (Details)	Feb. 05, 2015 USD ($)	Feb. 05, 2015 Bunker fuel forward contracts Mg	Feb. 05, 2015 Foreign Exchange Forward, Average Rate [Member] EUR (€)	Feb. 05, 2015 Foreign Exchange Put Option [Member] USD ($)	Feb. 05, 2015 Average rate collar [Member] EUR (€)	Feb. 05, 2015 Average rate collar [Member] Foreign Exchange Put Option [Member] USD ($)	Feb. 05, 2015 Average rate collar [Member] Euro call option USD ($)
Derivative [Line Items]
Settled hedge contracts, notional amount	$ 1,000,000
Settled hedged metric tons, notional amount		17,460
Bunker fuel forward contracts, contract average rate		562.92
Derivative, Notional Amount			€ 18,000,000		€ 2,000,000
Currency derivatives - Contract Average Rate/Price (in $ per EUR)				1.37		1.35	1.43

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Debt Including Capital Lease Obligations - 7.875% Senior Secured Notes (Details) (USD $)	3 Months Ended			2 Months Ended	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014		Feb. 27, 2015	Dec. 31, 2014		Feb. 15, 2015	Feb. 28, 2013	Feb. 05, 2013
Debt Instrument [Line Items]
If redeemed during the 12-month period commencing February 1,	If redeemed during the 12-month period commencing February 1,
Loss on debt extinguishment	$ (36,212,000)	$ (521,000)
Convertible debt
Debt Instrument [Line Items]
Stated interest rate on debt instrument	4.25%	4.25%			4.25%
Principal amount of debt component	49,000,000	200,000,000	[1]		200,000,000	[1]	200,000,000
Redemption price percentage				0.00%
Loss on debt extinguishment				17,000,000
Repurchased convertible notes, principal	151,000,000
7.875% Senior Notes | 7.875% Senior Notes
Debt Instrument [Line Items]
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	103.00%
Redemption price	(222,000,000)	(10,000,000)
7.875% Senior Notes | 7.875% Senior Notes | January 21, 2015 [Member]
Debt Instrument [Line Items]
Redemption price percentage	0.00%
Loss on debt extinguishment				14,000,000
Redemption price	139,000,000
7.875% Senior Notes | 7.875% Senior Notes | January 23, 2015 [Member]
Debt Instrument [Line Items]
Redemption price percentage	0.00%
Loss on debt extinguishment				2,000,000
Redemption price	43,000,000
7.875% Senior Notes | 7.875% Senior Notes | February 6, 2015 [Member]
Debt Instrument [Line Items]
Redemption price percentage	0.00%
Loss on debt extinguishment				2,000,000
Redemption price	43,000,000
7.875% Senior Notes | 7.875% Senior Notes | Debt Instrument, Redemption, Cash Proceeds from Equity Offerings [Member]
Debt Instrument [Line Items]
Redemption price percentage	107.90%				0.00%
Debt instrument, redemption, percentage of principal amount to remain outstanding	100.00%
Loss on debt extinguishment		1,000,000
Redemption price		10,000,000
7.875% Senior Notes | 7.875% Senior Notes | Debt Instrument, Redemption, Cash Proceeds from Equity Offerings [Member] | Maximum
Debt Instrument [Line Items]
Redemption price percentage	0.00%
7.875% Senior Notes | 7.875% Senior Notes | If redeemed during the 12-month period commencing February 1, 2016
Debt Instrument [Line Items]
Redemption price percentage	105.906%
Debt instrument, Maximum Annual Redemption	$ 42,500,000
7.875% Senior Notes | 7.875% Senior Notes | If redeemed during the 12-month period commencing February 1, 2017
Debt Instrument [Line Items]
Redemption price percentage	103.938%
7.875% Senior Notes | 7.875% Senior Notes | If redeemed during the 12-month period commencing February 1, 2018
Debt Instrument [Line Items]
Redemption price percentage	101.969%
7.875% Senior Notes | 7.875% Senior Notes | If redeemed during the 12-month period commencing February 1, 2019
Debt Instrument [Line Items]
Redemption price percentage	100.00%
7.875% Senior Notes | 7.875% Senior Notes | Redemption option upon change of control
Debt Instrument [Line Items]
Redemption price percentage	100.00%

[1] As of December 31, 2014 and March 31, 2014, 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		12 Months Ended	1 Months Ended	46 Months Ended	37 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2007 count	Nov. 30, 2012 lawsuit	Mar. 31, 2011 lawsuit	Mar. 31, 2011 lawsuit	Feb. 28, 2010 lawsuit
Loss Contingencies [Line Items]
Interest income	$ 664,000	$ 664,000
Colombia | ATS lawsuits
Loss Contingencies [Line Items]
Number of lawsuits plead or dismissed after the parties reached a confidential settlement agreement			1
Colombia | ATA lawsuits
Loss Contingencies [Line Items]
Number of lawsuits plead or dismissed after the parties reached a confidential settlement agreement				1
Number of lawsuits for which the motion to dismiss was granted in part and denied in part							1
Colombia | Pending litigation | ATS lawsuits
Loss Contingencies [Line Items]
Number of new claims filed					9
Colombia | Pending litigation | ATS lawsuits | Minimum
Loss Contingencies [Line Items]
Minimum number of alleged victims	6,000
Colombia | Pending litigation | Unspecified compensatory and punitive damages and attorney's fees and costs
Loss Contingencies [Line Items]
Number of pending lawsuits	8
Colombia | Pending litigation | Treble damages and disgorgement of profits without explanation
Loss Contingencies [Line Items]
Number of pending lawsuits	1
Colombia | Pending litigation | Specific demand
Loss Contingencies [Line Items]
Specific demand for compensatory damages	10,000,000
Specific demand for punitive damages	$ 10,000,000
Colombia | Pending litigation | ATA lawsuits
Loss Contingencies [Line Items]
Number of new claims filed						4

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Hedging - Hedge Portfolio Table (Details)	Feb. 05, 2015 Euro put option USD ($)	Feb. 05, 2015 Bunker fuel forward contracts Mg	Mar. 31, 2015 Commodity forward contract, settlement period - 2015 Designated as Hedging Instrument [Member] Bunker fuel forward contracts Mg		Mar. 31, 2015 Purchased Foreign exchange option, settlement period - 2015 Designated as Hedging Instrument [Member] Euro put option USD ($)		Mar. 31, 2015 Purchased Foreign exchange option, settlement period - 2015 Designated as Hedging Instrument [Member] Euro put option EUR (€)		Mar. 31, 2015 Sold Foreign exchange option, settlement period - 2015 Designated as Hedging Instrument [Member] Euro call option USD ($)		Mar. 31, 2015 Sold Foreign exchange option, settlement period - 2015 Designated as Hedging Instrument [Member] Euro call option EUR (€)
Derivative [Line Items]
Currency derivatives - Notional Amount							€ 89,000,000	[1]			€ 89,000,000	[1]
Fuel derivatives - Notional Amount		17,460	27,520	[1]
Currency derivatives - Contract Average Rate/Price (in $ per EUR)	1.37				1.36	[1]			1.40	[1]
Bunker fuel forward contracts, contract average rate		562.92	554	[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 $)	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2014
Change in cash flow entity			$ 3,000,000
Operating cash flow	(35,230,000)	(8,018,000)
Capital expenditures	(4,587,000)	(10,685,000)
Investing activity with subsidiaries	0	0
Other, net	(235,000)	(2,719,000)
Investing cash flow	(4,822,000)	(13,404,000)
Proceeds from Related Party Debt	238,479,000	0
Repayments of Convertible Debt	(146,401,000)	0
Redemption of 7.875% Notes	(222,117,000)	(10,000,000)
Borrowings under the 2015 ABL Revolver	(2,623,000)
Repayments of Other Long-term Debt	(4,875,000)	(375,000)
Repayments of long-term debt and capital lease obligations	(1,892,000)	(76,000)
Payments for debt modification and issuance costs	(2,623,000)	(20,000)
Payments of debt extinguishment costs	0	(300,000)
Payments of stock-based compensation	(36,588,000)	0
Payment of dividend to related party	(45,374,000)	0
Proceeds from sale of common stock	154,836,000	0
Proceeds from Contributions from Affiliates	108,046,000	0
Financing activity with subsidiaries	0	0
Financing cash flow	47,491,000	(5,771,000)
Increase (decrease) in cash and equivalents	7,439,000	(27,193,000)
Cash and equivalents, beginning of period	48,160,000	54,017,000	54,017,000
Cash and equivalents, end of period	55,599,000	26,824,000
Consolidation, Eliminations [Member]
Operating cash flow	0	0
Capital expenditures	0	0
Investing activity with subsidiaries	5,095,000	8,350,000
Other, net	0	0
Investing cash flow	5,095,000	8,350,000
Proceeds from Related Party Debt	0
Repayments of Convertible Debt	0
Redemption of 7.875% Notes	0	0
Borrowings under the 2015 ABL Revolver	0	0
Repayments of the 2015 ABL	0	0
Repayments of Other Long-term Debt	0	0
Repayments of long-term debt and capital lease obligations	0	0
Payments for debt modification and issuance costs	0	0
Payments of debt extinguishment costs		0
Payments of stock-based compensation	0
Proceeds from sale of common stock	0
Proceeds from Contributions from Affiliates	0
Financing activity with subsidiaries	(5,095,000)	(8,350,000)
Financing cash flow	(5,095,000)	(8,350,000)
Increase (decrease) in cash and equivalents	0	0
Cash and equivalents, beginning of period	0	0	0
Cash and equivalents, end of period	0	0
Parent Company [Member] | Reportable Legal Entities [Member]
Operating cash flow	(255,417,000)	0
Capital expenditures	0	0
Investing activity with subsidiaries	0	0
Other, net	0	0
Investing cash flow	0	0
Proceeds from Related Party Debt	238,479,000
Repayments of Convertible Debt	(146,401,000)
Redemption of 7.875% Notes	0	0
Borrowings under the 2015 ABL Revolver	0	0
Repayments of the 2015 ABL	0	0
Repayments of Other Long-term Debt	0	0
Repayments of long-term debt and capital lease obligations	0	0
Payments for debt modification and issuance costs	0	0
Payments of debt extinguishment costs		0
Payments of stock-based compensation	(36,588,000)
Payment of dividend to related party	(45,374,000)
Proceeds from sale of common stock	154,836,000
Proceeds from Contributions from Affiliates	108,046,000
Financing activity with subsidiaries	0	0
Financing cash flow	272,998,000	0
Increase (decrease) in cash and equivalents	17,581,000	0
Cash and equivalents, beginning of period	0	0	0
Cash and equivalents, end of period	17,581,000	0
Subsidiary Issuer [Member] | Reportable Legal Entities [Member]
Operating cash flow	221,186,000	(2,459,000)
Capital expenditures	(94,000)	(1,067,000)
Investing activity with subsidiaries	(5,095,000)	(5,750,000)
Other, net	0	0
Investing cash flow	(5,189,000)	(6,817,000)
Proceeds from Related Party Debt	0
Repayments of Convertible Debt	0
Redemption of 7.875% Notes	(222,117,000)	(10,000,000)
Repayments of Other Long-term Debt	(4,875,000)	(375,000)
Repayments of long-term debt and capital lease obligations	0	0
Payments for debt modification and issuance costs	(2,623,000)	(20,000)
Payments of debt extinguishment costs		(300,000)
Payments of stock-based compensation	0
Payment of dividend to related party	0
Proceeds from sale of common stock	0
Proceeds from Contributions from Affiliates	0
Financing activity with subsidiaries	(1,975,000)	0
Financing cash flow	(225,590,000)	(5,695,000)
Increase (decrease) in cash and equivalents	(9,593,000)	(14,971,000)
Cash and equivalents, beginning of period	13,707,000	15,851,000	15,851,000
Cash and equivalents, end of period	4,114,000	880,000
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Operating cash flow	(2,054,000)	(889,000)
Capital expenditures	(934,000)	(2,244,000)
Investing activity with subsidiaries	0	(2,600,000)
Other, net	(2,000)	44,000
Investing cash flow	(936,000)	(4,800,000)
Proceeds from Related Party Debt	0
Repayments of Convertible Debt	0
Redemption of 7.875% Notes	0	0
Borrowings under the 2015 ABL Revolver	0	0
Repayments of the 2015 ABL	0	0
Repayments of Other Long-term Debt	0	0
Repayments of long-term debt and capital lease obligations	(1,799,000)	(61,000)
Payments for debt modification and issuance costs	0	0
Payments of debt extinguishment costs		0
Payments of stock-based compensation	0
Payment of dividend to related party	0
Proceeds from sale of common stock	0
Proceeds from Contributions from Affiliates	0
Financing activity with subsidiaries	5,095,000	5,750,000
Financing cash flow	3,296,000	5,689,000
Increase (decrease) in cash and equivalents	306,000	0
Cash and equivalents, beginning of period	0	0	0
Cash and equivalents, end of period	306,000	0
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Operating cash flow	1,055,000	(4,670,000)
Capital expenditures	(3,559,000)	(7,374,000)
Investing activity with subsidiaries	0	0
Other, net	(233,000)	(2,763,000)
Investing cash flow	(3,792,000)	(10,137,000)
Proceeds from Related Party Debt	0
Repayments of Convertible Debt	0
Redemption of 7.875% Notes	0	0
Borrowings under the 2015 ABL Revolver	0	0
Repayments of the 2015 ABL	0	0
Repayments of Other Long-term Debt	0	0
Repayments of long-term debt and capital lease obligations	(93,000)	(15,000)
Payments for debt modification and issuance costs	0	0
Payments of debt extinguishment costs		0
Payments of stock-based compensation	0
Proceeds from sale of common stock	0
Financing activity with subsidiaries	1,975,000	2,600,000
Financing cash flow	1,882,000	2,585,000
Increase (decrease) in cash and equivalents	(855,000)	(12,222,000)
Cash and equivalents, beginning of period	34,453,000	38,166,000	38,166,000
Cash and equivalents, end of period	33,598,000	25,944,000
2013 ABL [Member]
Borrowings under the 2015 ABL Revolver		20,000,000
Repayments of the 2015 ABL		$ (15,000,000)

XML

Inventories (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Inventory, Net [Abstract]
Finished goods	$ 73,375	$ 65,084	$ 64,956
Growing crops	77,155	75,412	79,119
Raw materials, supplies and other	58,517	56,811	68,319
Inventory, net	$ 209,047	$ 197,307	$ 212,394

XML

Pension and Severance Benefits (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31,
(In thousands)	2015			2014
Service cost	$	1,958		$	1,855
Interest on projected benefit obligation	1,347			1,390
Expected return on plan assets	(328		)	(330		)
Recognized actuarial loss	252			268
Amortization of prior service cost	32			32
Defined benefit and severance plan expense	$	3,261		$	3,215

XML

Business Disposals (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ 1
Payments for Restructuring	1
Disposal Group, Including Discontinued Operation, Revenue	2
Healthy Snacking Products [Member] | Non-core Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ 3

XML

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	$ 22	€ 20

XML

Hedging - Deferred Net Gains (Losses) in AOCI Expected to Be Reclassed into Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred, Year One	$ 17,370
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	24,660
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	$ (7,290)

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Supplemental Consolidating Financial Information Condensed Statement of Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net sales	$ 725,331	$ 761,990
Cost of sales	622,604	685,252
Selling, general and administrative	49,401	54,391
Transaction costs	47,979	5,919
Depreciation	15,935	13,499
Amortization	2,342	2,341
Equity in earnings of investees	0
Operating income	(12,930)	588
Interest income	664	664
Interest expense	(9,185)	(15,468)
Loss on debt extinguishment	(36,212)	(521)
Other income (expense), net	(602)	(3,894)
Interest Expense, Related Party	0
Income before income taxes	(58,265)	(18,631)
Income tax benefit (expense)	(6,361)	(5,972)
Net Loss	(64,626)	(24,603)
Consolidation, Eliminations [Member]
Net sales	(242,815)	(242,586)
Cost of sales	(242,602)	(242,199)
Selling, general and administrative	0	0
Transaction costs	0	0
Depreciation	0	0
Amortization	0	0
Equity in earnings of investees	(57,457)
Operating income	(57,670)	(4,384)
Interest income	0	0
Interest expense	0	0
Loss on debt extinguishment	0	0
Other income (expense), net	0	387
Interest Expense, Related Party	213
Income before income taxes	(57,457)	(3,997)
Income tax benefit (expense)	5,203	(711)
Net Loss	(52,254)	(4,708)
Parent Company [Member] | Reportable Legal Entities [Member]
Net sales	0	0
Cost of sales	0	0
Selling, general and administrative	3,007	7,908
Transaction costs	38,044	5,919
Depreciation	0	0
Amortization	0	0
Equity in earnings of investees	3,488
Operating income	(37,563)	(13,922)
Interest income	0	0
Interest expense	(3,982)	(5,292)
Loss on debt extinguishment	(17,112)	0
Other income (expense), net	0	583
Interest Expense, Related Party	392
Income before income taxes	(58,265)	(18,631)
Income tax benefit (expense)	(6,361)	(5,972)
Net Loss	(64,626)	(24,603)
Subsidiary Issuer [Member] | Reportable Legal Entities [Member]
Net sales	200,352	209,044
Cost of sales	211,948	202,000
Selling, general and administrative	5,303	3,787
Transaction costs	4,096	0
Depreciation	5,324	1,276
Amortization	0	0
Equity in earnings of investees	53,968
Operating income	27,649	9,546
Interest income	0	2
Interest expense	(4,404)	(9,231)
Loss on debt extinguishment	(19,100)	(521)
Other income (expense), net	0	109
Interest Expense, Related Party	(657)
Income before income taxes	3,488	(95)
Income tax benefit (expense)	(67)	(343)
Net Loss	3,421	(438)
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Net sales	295,017	293,273
Cost of sales	254,039	262,872
Selling, general and administrative	17,385	22,172
Transaction costs	4,620	0
Depreciation	5,679	6,199
Amortization	2,335	2,335
Equity in earnings of investees	1
Operating income	10,960	(3,778)
Interest income	0	33
Interest expense	(676)	(884)
Loss on debt extinguishment	0	0
Other income (expense), net	0	(451)
Interest Expense, Related Party	(116)
Income before income taxes	10,168	(5,080)
Income tax benefit (expense)	(4,424)	1,968
Net Loss	5,744	(3,112)
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Net sales	472,777	502,259
Cost of sales	399,219	462,579
Selling, general and administrative	23,706	20,524
Transaction costs	1,219	0
Depreciation	4,932	6,024
Amortization	7	6
Equity in earnings of investees	0
Operating income	43,694	13,126
Interest income	664	629
Interest expense	(123)	(61)
Loss on debt extinguishment	0	0
Other income (expense), net	(602)	(4,522)
Interest Expense, Related Party	168
Income before income taxes	43,801	9,172
Income tax benefit (expense)	(712)	(914)
Net Loss	$ 43,089	$ 8,258

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Supplemental Consolidating Financial Information Condensed Balance Sheet (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Cash and equivalents	$ 55,599	$ 48,160	$ 26,824	$ 54,017
Trade receivables, less allowances	246,468	217,420	278,167
Other receivables, net	58,393	66,810	59,296
Inventories	209,047	197,307	212,394
Prepaid expenses	41,867	38,818	46,094
Due from affiliates	0	0	0
Other current assets	24,056	14,549	6,722
Total current assets	635,430	583,064	629,497
Property, plant and equipment, net	384,687	397,029	398,720
Investments and other assets, net	96,918	110,220	109,368
Trademarks	426,085	426,085	426,085
Goodwill	18,095	18,095	18,095
Other intangible assets, net	75,203	77,545	84,571
Investments In, And Accounts With, Subsidiaries	0	0	0
Total assets	1,636,418	1,612,038	1,666,336
Current portion of long-term debt and capital lease obligations	3,290	4,703	4,169
Accounts payable	248,455	223,286	276,557
Accrued liabilities	136,828	150,955	151,482
Due to affiliates	0		0
Total current liabilities	388,573	378,944	432,208
Long-term debt and capital lease obligations, net of current portion	283,449	637,518	635,104
Accrued pension and other employee benefits	78,364	89,381	78,502
Deferred gain - sale of shipping fleet	0	0	2,757
Deferred tax liabilities	104,275	104,365	105,977
Due to Related Parties, Noncurrent	238,479	0	0
Other liabilities	71,450	78,496	60,291
Total liabilities	1,164,590	1,288,704	1,314,839
Commitments and contingencies
Total shareholders' equity	471,828	323,334	351,497
Total liabilities and shareholders' equity	1,636,418	1,612,038	1,666,336
Consolidation, Eliminations [Member]
Cash and equivalents	0	0	0	0
Trade receivables, less allowances	0	0	0
Other receivables, net	0	(210)	(1,018)
Inventories	0	0	0
Prepaid expenses	0	0	0
Due from affiliates	(4,582,880)	(4,625,746)	(4,024,814)
Other current assets	(7,530)	(7,530)	(9,214)
Total current assets	(7,530)	(7,740)	(4,035,046)
Property, plant and equipment, net	0	0	0
Investments and other assets, net	0	(6,543)	(6,351)
Trademarks	0	0	0
Goodwill	0	0	0
Other intangible assets, net	0	0	0
Investments In, And Accounts With, Subsidiaries	(2,680,769)	(2,598,408)	(2,489,599)
Total assets	(7,271,179)	(7,238,437)	(6,530,996)
Current portion of long-term debt and capital lease obligations	0	0	0
Accounts payable	0	0	0
Accrued liabilities	0	(7,740)	(10,232)
Due to affiliates	(4,582,880)		(4,024,814)
Total current liabilities	0	(7,740)	(4,035,046)
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
Deferred tax liabilities	(7,530)	(6,543)	(6,351)
Due to Related Parties, Noncurrent	0	(4,625,746)
Other liabilities	0	0	0
Total liabilities	(4,590,410)	(4,640,029)	(4,041,397)
Commitments and contingencies
Total shareholders' equity	(2,680,769)	(2,598,408)	(2,489,599)
Total liabilities and shareholders' equity	(7,271,179)	(7,238,437)	(6,530,996)
Parent Company [Member] | Reportable Legal Entities [Member]
Cash and equivalents	17,581	0	0	0
Trade receivables, less allowances	0	0	0
Other receivables, net	0	0	0
Inventories	0	0	0
Prepaid expenses	443	209	1,276
Due from affiliates	80,112	84,298	53,086
Other current assets	0	0	0
Total current assets	18,024	209	54,362
Property, plant and equipment, net	0	0	0
Investments and other assets, net	9,429	22,032	22,629
Trademarks	0	0	0
Goodwill	0	0	0
Other intangible assets, net	0	0	0
Investments In, And Accounts With, Subsidiaries	1,447,583	1,431,037	1,402,092
Total assets	1,555,148	1,537,576	1,479,083
Current portion of long-term debt and capital lease obligations	0	0	0
Accounts payable	3,632	6,795	6,358
Accrued liabilities	23,001	31,752	30,737
Due to affiliates	763,559		906,543
Total current liabilities	26,633	38,547	943,638
Long-term debt and capital lease obligations, net of current portion	44,158	176,431	167,006
Accrued pension and other employee benefits	9,498	14,637	14,724
Deferred gain - sale of shipping fleet			0
Deferred tax liabilities	993	0	235
Due to Related Parties, Noncurrent	238,479	981,225
Other liabilities	0	3,402	1,983
Total liabilities	1,083,320	1,214,242	1,127,586
Commitments and contingencies
Total shareholders' equity	471,828	323,334	351,497
Total liabilities and shareholders' equity	1,555,148	1,537,576	1,479,083
Subsidiary Issuer [Member] | Reportable Legal Entities [Member]
Cash and equivalents	4,114	13,707	880	15,851
Trade receivables, less allowances	59,021	49,844	57,161
Other receivables, net	6,020	4,383	1,277
Inventories	10,019	9,657	10,484
Prepaid expenses	3,428	5,555	1,167
Due from affiliates	2,184,016	2,377,190	2,103,203
Other current assets	17,660	10,070	2,827
Total current assets	100,262	93,216	2,176,999
Property, plant and equipment, net	10,141	15,680	19,075
Investments and other assets, net	9,092	11,209	13,068
Trademarks	208,085	208,085	208,085
Goodwill	0	0	0
Other intangible assets, net	0	0	0
Investments In, And Accounts With, Subsidiaries	1,229,638	1,165,799	1,085,194
Total assets	3,741,234	3,871,179	3,502,421
Current portion of long-term debt and capital lease obligations	0	1,500	1,500
Accounts payable	6,307	7,672	6,804
Accrued liabilities	8,142	24,308	19,660
Due to affiliates	1,985,786		1,573,846
Total current liabilities	14,449	33,480	1,601,810
Long-term debt and capital lease obligations, net of current portion	196,162	415,858	421,749
Accrued pension and other employee benefits	6,360	6,549	2,663
Deferred gain - sale of shipping fleet			0
Deferred tax liabilities	83,117	83,188	66,150
Due to Related Parties, Noncurrent	0	1,893,148
Other liabilities	7,777	7,919	7,957
Total liabilities	2,293,651	2,440,142	2,100,329
Commitments and contingencies
Total shareholders' equity	1,447,583	1,431,037	1,402,092
Total liabilities and shareholders' equity	3,741,234	3,871,179	3,502,421
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Cash and equivalents	306	0	0	0
Trade receivables, less allowances	60,972	47,579	59,016
Other receivables, net	4,071	3,302	6,331
Inventories	36,682	34,331	35,675
Prepaid expenses	6,405	8,193	9,781
Due from affiliates	1,628,905	1,537,915	1,342,820
Other current assets	13,423	11,506	13,109
Total current assets	121,859	104,911	1,466,732
Property, plant and equipment, net	189,383	194,362	201,307
Investments and other assets, net	3,967	4,372	4,523
Trademarks	38,500	38,500	38,500
Goodwill	18,095	18,095	18,095
Other intangible assets, net	75,176	77,511	84,517
Investments In, And Accounts With, Subsidiaries	3,548	1,572	2,313
Total assets	2,079,433	1,977,238	1,815,987
Current portion of long-term debt and capital lease obligations	1,649	1,674	1,181
Accounts payable	101,399	86,010	107,108
Accrued liabilities	51,198	54,199	56,917
Due to affiliates	1,429,170		1,178,026
Total current liabilities	154,246	141,883	1,343,232
Long-term debt and capital lease obligations, net of current portion	39,553	39,945	41,159
Accrued pension and other employee benefits	8	0	0
Deferred gain - sale of shipping fleet			0
Deferred tax liabilities	27,695	27,720	45,943
Due to Related Parties, Noncurrent	0	1,346,665
Other liabilities	21,994	21,979	8,831
Total liabilities	1,672,666	1,578,192	1,439,165
Commitments and contingencies
Total shareholders' equity	406,767	399,046	376,822
Total liabilities and shareholders' equity	2,079,433	1,977,238	1,815,987
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Cash and equivalents	33,598	34,453	25,944	38,166
Trade receivables, less allowances	126,475	119,997	161,990
Other receivables, net	48,302	59,335	52,706
Inventories	162,346	153,319	166,235
Prepaid expenses	31,591	24,861	33,870
Due from affiliates	689,847	626,343	525,705
Other current assets	503	503	0
Total current assets	402,815	392,468	966,450
Property, plant and equipment, net	185,163	186,987	178,338
Investments and other assets, net	74,430	79,150	75,499
Trademarks	179,500	179,500	179,500
Goodwill	0	0	0
Other intangible assets, net	27	34	54
Investments In, And Accounts With, Subsidiaries	0	0	0
Total assets	1,531,782	1,464,482	1,399,841
Current portion of long-term debt and capital lease obligations	1,641	1,529	1,488
Accounts payable	137,117	122,809	156,287
Accrued liabilities	54,487	48,436	54,400
Due to affiliates	404,365		366,399
Total current liabilities	193,245	172,774	578,574
Long-term debt and capital lease obligations, net of current portion	3,576	5,284	5,190
Accrued pension and other employee benefits	62,498	68,195	61,115
Deferred gain - sale of shipping fleet			2,757
Deferred tax liabilities	0	0	0
Due to Related Parties, Noncurrent	0	404,708
Other liabilities	41,679	45,196	41,520
Total liabilities	705,363	696,157	689,156
Commitments and contingencies
Total shareholders' equity	826,419	768,325	710,685
Total liabilities and shareholders' equity	$ 1,531,782	$ 1,464,482	$ 1,399,841

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Commitments and Contingencies - Colombia-Related Matters - Insurance Recovery (Details) (USD $)	3 Months Ended		12 Months Ended	1 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2008 insurer	Jun. 30, 2013 insurer	Dec. 31, 2009 insurer
Gain Contingencies [Line Items]
Interest income	$ 664,000	$ 664,000
Colombia | Insurance recovery coverage suit
Gain Contingencies [Line Items]
Initial number of primary general liability insurers involved in coverage suit		1	3
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%
Expense reimbursement received to date which is deferred in Other liabilities	12,000,000
Interest income	$ 1,000,000
Colombia | Two insurers who had been placed in liquidation
Gain Contingencies [Line Items]
Initial number of primary general liability insurers involved in coverage suit				2
Percent of defense costs in the ATA and ATS lawsuits to be paid by primary insurers					1.00%
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
Percent of defense costs in the ATA and ATS lawsuits to be paid by primary insurers					40.00%

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Merger Share purchase and change in control (Tables)

3 Months Ended

Mar. 31, 2015

SHARE PURCHASE AND CHANGE IN CONTROL [Abstract]

Business Acquisition, Pro Forma Information [Table Text Block]

SHARE PURCHASE AND CHANGE IN CONTROL

On October 26, 2014, Chiquita Brands International, Inc. ("CBII" or "Chiquita") entered into an Agreement and Plan of Merger ("Merger Agreement") with Cavendish Global Limited ("Parent"), a private limited company incorporated under the laws of England and Wales, and Cavendish Acquisition Corporation ("Merger Sub"). Parent and Merger Sub are affiliates of the Cutrale and Safra Groups. Under the Merger Agreement, a Tender Offer commenced for the purchase of all shares of CBII common stock for $14.50 per share. On January 6, 2015, Merger Sub accepted for payment 39,791,364 shares that were validly tendered (not including 1,748,335 shares tendered pursuant to notices of guaranteed delivery), which represented approximately 84.46% of the outstanding shares of CBII, which triggered a change in control. Because the Parent and affiliates did not own more than 90% of the shares of CBII as a result of the Tender Offer, the Top-Up Option under the Merger agreement was exercised on January 6, 2015, whereby 41,286,271 Top-Up shares were issued at $14.50 per share in exchange for a promissory note such that Parent and affiliates controlled at least 90% of the shares of CBII. Parent then completed a short-form merger in accordance with New Jersey law, converting each share issued and outstanding into the right to receive $14.50, except for shares owned by the Parent and affiliates. Shares of CBII were delisted from public trading on the New York Stock Exchange before market open on January 7, 2015. Immediately following the short-form merger, Merger Sub merged into CBII with CBII being the surviving entity. Any treasury shares were immediately canceled and the promissory note resulting from the Top-Up Option was eliminated. Following the merger, 1,000 shares of CBII stock remained outstanding and were held by Cavendish US Corporation, a Delaware corporation and wholly owned, indirect subsidiary of Parent. All required consents to the change in control under debt agreements, leases and other matters were obtained prior to January 6, 2015, the date of the change in control.

To complete the transaction, $746 million of cash was contributed by Cavendish US Corporation to Merger Sub, from which $683 million was paid to shareholders of Chiquita, $37 million was used to pay for previously unvested stock compensation that became vested upon change in control, and the remaining $26 million became part of CBII's cash balance when Merger Sub merged with CBII.

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Debt Including Capital Lease Obligations - Asset-Based Lending Facility (Details) (USD $)	2 Months Ended	24 Months Ended	0 Months Ended	3 Months Ended	0 Months Ended
	Feb. 27, 2015	Feb. 05, 2017	Feb. 05, 2013	Mar. 31, 2015	Feb. 05, 2015
Line of Credit Facility [Line Items]
2015 ABL Facility financing fees		$ 3,000,000
Debt Instrument, Covenant Description	5
2015 ABL [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit				6,000,000
2013 ABL Term Loan				6,000,000
Abl Facility, Letter of Credit [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit				25,000,000
2015 ABL Facility [Member]
Line of Credit Facility [Line Items]
ABL Facility term			5 years
ABL maximum borrowings capacity					150,000,000
Debt Instrument, Guarantee, Percentage of Subsidiary Equity, Domestic				100.00%
Debt Instrument, Guarantee, Percentage of Subsidiary Equity, Foreign				65.00%
2015 ABL Facility [Member] | LIBOR
Line of Credit Facility [Line Items]
Variable rate basis				LIBOR
Basis spread on variable rate				1.25%
Weighted average interest rate				1.43%
2015 ABL Facility [Member] | LIBOR | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.25%
2015 ABL Facility [Member] | LIBOR | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate				1.75%
2015 ABL Facility [Member] | Base Rate
Line of Credit Facility [Line Items]
Variable rate basis				Base Rate
2015 ABL Facility [Member] | Base Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate				0.25%
2015 ABL Facility [Member] | Base Rate | Maximum
Line of Credit Facility [Line Items]
Basis spread on variable rate				0.75%
2015 ABL Facility [Member] | Fixed asset sub-line
Line of Credit Facility [Line Items]
ABL maximum borrowings capacity					19,550,000
Line of Credit Facility Increase					50,000,000
2015 ABL Facility [Member] | Fixed charge coverage ratio [Domain]
Line of Credit Facility [Line Items]
Percentage of cap line - Maximum					10.00%
2015 ABL Facility [Member] | Percentage limit of cap line - fixed charge ratio
Line of Credit Facility [Line Items]
Line of Credit Facility, Covenant Terms	10
Percentage of cap line - Maximum					0.00%
ABL Revolver [Member]
Line of Credit Facility [Line Items]
Remaining borrowing capacity of the Facility				97,000,000
Line of Credit [Member] | 2013 ABL Term Loan
Line of Credit Facility [Line Items]
2013 ABL Term Loan					5,000,000
Convertible debt
Line of Credit Facility [Line Items]
Repurchased convertible notes, carrying value					138,000,000

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Merger (Details) (USD $)	0 Months Ended	2 Months Ended	3 Months Ended
	Jan. 06, 2015	Feb. 27, 2015 Count_of_employees M	Mar. 31, 2015	Mar. 31, 2014	Jan. 07, 2015 M	Dec. 31, 2014
Restructuring Cost and Reserve [Line Items]
Share Price			$ 14.50
Required stock ownership					90.00%
Stock Issued During Period, Shares, New Issues	41,286,271
Transaction costs			$ 47,979,000	$ 5,919,000
Employee severance and relocation, exit of corporate headquarters; leasehold improvements and office equipment expense low end			25,000,000
Severance Costs			7,000,000
Employee severance and relocation, exit of corporate headquarters; leasehold improvements and office equipment expense high end			40,000,000
Estimated cost of leasehold improvements and office equipment low end			10,000,000
Estimated cost of leasehold improvements and office equipment high end			12,000,000
Relocation incentives			3,000,000
Estimated remaining life					12
Estimated remaining life high end					18
Terminated Latin American employees		300
Payments for Postemployment Benefits			5,000,000
Tendered Shares	39,791,364
Shares tendered via guaranteed delivery	1,748,335
Sale of Stock, Percentage of Ownership after Transaction	84.46%
Common stock, shares outstanding			10,679,368	46,911,372	1,000	47,112,311
Business Acquisition, Transaction Costs					746,000,000
Payments for Repurchase of Common Stock		683,000,000	36,588,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost			37,000,000
Cash					26,000,000
Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Severance Costs			$ 1,000,000

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Supplemental Consolidating Financial Information Condensed Statement of Comprehensive Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net Loss	$ (64,626)	$ (24,603)
Unrealized foreign currency translation gains	2	16
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	(602)	(252)
Net other comprehensive income (loss) related to foreign currency translation	604	268
Unrealized gains (losses) on derivatives for the period	18,274	(1,046)
Derivative (gains) losses reclassified into Net sales	(16,978)	1,027
Derivative (gains) losses reclassified into Cost of sales	8,775	(175)
Net other comprehensive income (loss) related to derivatives	10,071	(194)
Actuarial gains (losses) for the period, net of tax	2,172	(342)
Amortization included in pension cost	284	300
Net other comprehensive income (loss) related to defined benefit pension and severance plans	2,456	(42)
Other comprehensive income (loss)of investments in subsidiaries	0	0
Comprehensive income (loss)	(51,495)	(24,571)
Reportable Legal Entities [Member] | Parent Company [Member]
Net Loss	(64,626)	(24,603)
Unrealized foreign currency translation gains	0	0
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0
Net other comprehensive income (loss) related to foreign currency translation	0	0
Unrealized gains (losses) on derivatives for the period	0	0
Derivative (gains) losses reclassified into Net sales	0	0
Derivative (gains) losses reclassified into Cost of sales	0	0
Net other comprehensive income (loss) related to derivatives	0	0
Actuarial gains (losses) for the period, net of tax	0	0
Amortization included in pension cost	0	0
Net other comprehensive income (loss) related to defined benefit pension and severance plans	0	0
Other comprehensive income (loss)of investments in subsidiaries	13,131	(220)
Comprehensive income (loss)	(51,495)	(24,823)
Reportable Legal Entities [Member] | Subsidiary Issuer [Member]
Net Loss	3,421	(438)
Unrealized foreign currency translation gains	0	0
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0
Net other comprehensive income (loss) related to foreign currency translation	0	0
Unrealized gains (losses) on derivatives for the period	0	0
Derivative (gains) losses reclassified into Net sales	0	0
Derivative (gains) losses reclassified into Cost of sales	0	0
Net other comprehensive income (loss) related to derivatives	0	0
Actuarial gains (losses) for the period, net of tax	0	0
Amortization included in pension cost	103	104
Net other comprehensive income (loss) related to defined benefit pension and severance plans	103	104
Other comprehensive income (loss)of investments in subsidiaries	13,028	(324)
Comprehensive income (loss)	16,552	(658)
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Net Loss	5,744	(3,112)
Unrealized foreign currency translation gains	0	0
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0
Net other comprehensive income (loss) related to foreign currency translation	0	0
Unrealized gains (losses) on derivatives for the period	0	0
Derivative (gains) losses reclassified into Net sales	0	0
Derivative (gains) losses reclassified into Cost of sales	0	0
Net other comprehensive income (loss) related to derivatives	0	0
Actuarial gains (losses) for the period, net of tax	0	0
Amortization included in pension cost	0	0
Net other comprehensive income (loss) related to defined benefit pension and severance plans	0	0
Other comprehensive income (loss)of investments in subsidiaries	0	0
Comprehensive income (loss)	5,744	(3,112)
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Net Loss	43,089	8,258
Unrealized foreign currency translation gains	2	16
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	(602)	(252)
Net other comprehensive income (loss) related to foreign currency translation	604	268
Unrealized gains (losses) on derivatives for the period	18,274	(1,046)
Derivative (gains) losses reclassified into Net sales	(16,978)	1,027
Derivative (gains) losses reclassified into Cost of sales	8,775	(175)
Net other comprehensive income (loss) related to derivatives	10,071	(194)
Actuarial gains (losses) for the period, net of tax	2,172	(342)
Amortization included in pension cost	181	196
Net other comprehensive income (loss) related to defined benefit pension and severance plans	2,353	(146)
Other comprehensive income (loss)of investments in subsidiaries	0	0
Comprehensive income (loss)	56,117	8,186
Consolidation, Eliminations [Member]
Net Loss	(52,254)	(4,708)
Unrealized foreign currency translation gains	0	0
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0
Net other comprehensive income (loss) related to foreign currency translation	0	0
Unrealized gains (losses) on derivatives for the period	0	0
Derivative (gains) losses reclassified into Net sales	0	0
Derivative (gains) losses reclassified into Cost of sales	0	0
Net other comprehensive income (loss) related to derivatives	0	0
Actuarial gains (losses) for the period, net of tax	0	0
Amortization included in pension cost	0	0
Net other comprehensive income (loss) related to defined benefit pension and severance plans	0	0
Other comprehensive income (loss)of investments in subsidiaries	(26,159)	544
Comprehensive income (loss)	$ (78,413)	$ (4,164)

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New Accounting Standards (Tables)

3 Months Ended

Mar. 31, 2015

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
Imputation of Interest Simplifying the Presentation of Debt Issuance Costs	April 2015 ASU 2015-03	Debt issuance costs related to a recognized debt liability must be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts.	Financial statements for fiscal years after December 15, 2015. Early adoption is permitted for statements that have not been previously issued.	We will adopt the new standard in the fiscal year beginning January 1, 2016. We will continue to evaluate the effect of the new standard moving forward.
Amendments to the Consolidation Analysis	February 2015 ASU 2015-02	Modifies the conditions requiring a reporting entity to consolidate certain legal entities related to VIE's, partnerships, and money market funds.	Financial statements for fiscal years after December 15, 2015.	We will adopt the new standard in the fiscal year beginning January 1, 2016. We will continue to evaluate the effect of the new standard moving forward.
Business Combinations: Pushdown Accounting	November 2014 ASU 2014-17	Provides an acquired entity the option to apply pushdown accounting after a change-in-control event, in the reporting period of which the change-in-control event occurred.	Transactions after November 18, 2014.	No effect. We have elected to not apply pushdown accounting following the change in control event in the first quarter of 2015.
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 2018. 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 $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014 ha
Debt Instrument [Line Items]
Hectares of land		700
Farms purchase price		$ 10,000,000
Cash paid for farms		3,000,000
Number of annual debt installments	4 years
Other Debt Obligations
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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Stock-Based Compensation (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Price	$ 14.50
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	$ 37
Stock-based compensation expense	16	2
Severance Costs	$ 7

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Pension and Severance Benefits (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Service cost	$ 1,958	$ 1,855
Interest on projected benefit obligation	1,347	1,390
Expected return on plan assets	(328)	(330)
Recognized actuarial loss	252	268
Amortization of prior service cost	32	32
Defined benefit and severance plan expense	$ 3,261	$ 3,215

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Debt Including Capital Lease Obligations - Carrying and Estimated Fair Value Table (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015		Dec. 31, 2014		Mar. 31, 2014
Debt Instrument [Line Items]
Capital Lease Obligations	$ 41,444	[1]	$ 41,891	[1]	$ 42,477	[1]
Estimated Fair Value - Capital lease obligations	41,000	[1],[2]	41,800	[1],[2]	42,000	[1],[2]
Less current portion	(3,290)		(4,703)		(4,169)
Total long-term debt and capital lease obligations	283,449		637,518		635,104
7.875% Senior Notes | 7.875% Senior Notes
Debt Instrument [Line Items]
Carrying Value	190,162		412,483		412,249
Estimated Fair Value	210,000	[2]	447,000	[2]	462,000	[2]
4.25% Convertible Senior Notes | Convertible debt
Debt Instrument [Line Items]
Carrying Value	44,158		176,431		167,006
Estimated Fair Value	49,000	[2]	200,000	[2]	201,000	[2]
2015 ABL [Member]
Debt Instrument [Line Items]
Carrying Value	6,000
Estimated Fair Value	6,000	[2]
2013 ABL Revolver [Member]
Debt Instrument [Line Items]
Carrying Value	0		0		5,000
Estimated Fair Value	0		0		5,000	[2]
2013 ABL Term Loan [Member]
Debt Instrument [Line Items]
Carrying Value	0		4,875		6,000
Estimated Fair Value	0		4,800	[2]	6,000	[2]
Other Debt Obligations
Debt Instrument [Line Items]
Carrying Value	4,975		6,541		6,541
Estimated Fair Value	$ 4,000	[2]	$ 6,500	[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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Basis of Presentation

3 Months Ended

Mar. 31, 2015

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Business Description and Basis of Presentation [Text Block]

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, 2014. 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 2014 Annual Report on Form 10-K for additional information relating to the Consolidated Financial Statements. The December 31, 2014 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.

Basis of Presentation

)

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Reclassifications from Accumulated Other Comprehensive Income - Amounts Reclassified from AOCI (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014	Dec. 31, 2013
Reclassifications from Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	$ 602		$ 3,894
Net sales	(725,331)		(761,990)
Cost of sales	(622,604)		(685,252)
Prior service cost and recognized actuarial loss amortization related to pensions	(284)		(300)
Foreign Currency Gain (Loss) [Member] | Reclassifications from Accumulated Other Comprehensive Income
Reclassifications from Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net	602		252
Accumulated net gain (loss) from designated or qualifying cash flow hedges | Currency hedge portfolio | Reclassifications from Accumulated Other Comprehensive Income
Reclassifications from Accumulated Other Comprehensive Income [Line Items]
Net sales	(16,978)		1,027
Accumulated net gain (loss) from designated or qualifying cash flow hedges | Bunker fuel forward contracts | Reclassifications from Accumulated Other Comprehensive Income
Reclassifications from Accumulated Other Comprehensive Income [Line Items]
Cost of sales	8,775		(175)
Prior service cost and recognized actuarial loss amortization related to pensions
Reclassifications from Accumulated Other Comprehensive Income [Line Items]
Deferred Tax Liabilities, Other Comprehensive Income	1		0		0	1
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]
Prior service cost and recognized actuarial loss amortization related to pensions	$ 284	[1]	$ 300	[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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Trade and Finance Receivables - Trade Receivables (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables, less allowances with Iranian customers			$ 246,468,000	$ 217,420,000	$ 278,167,000
Iranian customers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables, less allowances with Iranian customers			7,000,000	8,000,000	14,000,000
Iranian customers | Customer not able to find acceptable methods of payment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables reserved amounts related to customers	$ 2,000,000	$ 9,000,000

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Inventories (Tables)

3 Months Ended

Mar. 31, 2015

Inventory, Net [Abstract]

Schedule of Inventory, Current

Inventories consist of the following:

(In thousands)	March 31, 2015		December 31, 2014		March 31, 2014
Finished goods	$	73,375	$	65,084	$	64,956
Growing crops	77,155		75,412		79,119
Raw materials, supplies and other	58,517		56,811		68,319
	$	209,047	$	197,307	$	212,394

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Trade and Finance Receivables (Tables)

3 Months Ended

Mar. 31, 2015

Receivables [Abstract]

Finance receivables

Finance receivables were as follows:

	March 31, 2015					December 31, 2014					March 31, 2014
(In thousands)	Grower Receivables			Seller Financing		Grower Receivables			Seller Financing		Grower Receivables			Seller Financing
Gross receivable	$	32,817		$	24,570	$	36,089		$	25,629	$	35,638		$	26,236
Reserve	(32,040		)	—		(32,074		)	—		(32,877		)	—
Net receivable	$	777		$	24,570	$	4,015		$	25,629	$	2,761		$	26,236
Current portion, net	$	777		$	4,833	$	4,015		$	4,740	$	2,761		$	4,068
Long-term portion, net	—			19,737		—			20,889		—			22,168
Net receivable	$	777		$	24,570	$	4,015		$	25,629	$	2,761		$	26,236

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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
	Mar. 31, 2015		Mar. 31, 2014
Currency Hedge Portfolio
Change in Fair Value of Derivative Assets and Liabilities [Roll Forward]
Balance at beginning of year	$ 23,735		$ (5,014)
Realized (gains) losses included in net income	(16,773)		1,229
Purchases, net	0	[1]	277	[1]
Changes in fair value	18,017		(323)
Balance at end of year	24,979		(3,831)
Bunker Fuel Forward Contracts
Change in Fair Value of Derivative Assets and Liabilities [Roll Forward]
Balance at beginning of year	(15,990)		988
Realized (gains) losses included in net income	8,775		(175)
Purchases, net	0	[1]	0	[1]
Changes in fair value	(104)		(1,447)
Balance at end of year	$ (7,319)		$ (634)

[1] 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 (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Grower Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivable	$ 32,817	$ 36,089	$ 35,638
Reserve	(32,040)	(32,074)	(32,877)
Net receivable	777	4,015	2,761
Current portion, net	777	4,015	2,761
Long-term portion, net	0	0	0
Seller Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivable	24,570	25,629	26,236
Reserve	0	0	0
Net receivable	24,570	25,629	26,236
Current portion, net	4,833	4,740	4,068
Long-term portion, net	$ 19,737	$ 20,889	$ 22,168

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Debt Including Capital Lease Obligations (Tables)

3 Months Ended

Mar. 31, 2015

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) was 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:

	March 31, 2015					December 31, 2014					March 31, 2014
	Carrying Value			Estimated Fair Value1		Carrying Value			Estimated Fair Value1		Carrying Value			Estimated Fair Value1
(In thousands)
7.875% Senior Secured Notes due 2021	$	190,162		$	210,000	$	412,483		$	447,000	$	412,249		$	462,000
4.25% Convertible Senior Notes due 2016	44,158			49,000		176,431			200,000		167,006			201,000
2015 ABL	6,000			6,000		—			—		—			—
2013 ABL Revolver	—			—		—			—		5,000			5,000
2013 ABL Term Loan	—			—		4,875			4,800		6,000			6,000
Capital lease obligations2	41,444			41,000		41,891			41,800		42,477			42,000
Other debt	4,975			4,000		6,541			6,500		6,541			6,000
Less current portion	(3,290		)			(4,703		)			(4,169		)
Total long-term debt and capital lease obligations	$	283,449				$	637,518				$	635,104

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 component of the Convertible Notes are as follows:

(In thousands)	March 31, 2015			December 31, 2014			March 31, 2014
Principal amount of debt component1	$	49,071		$	200,000		$	200,000
Unamortized discount	(4,913		)	(23,569		)	(32,994		)
Net carrying amount of debt component	$	44,158		$	176,431		$	167,006

¹  As of December 31, 2014 and March 31, 2014, 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 March 31, 2015 principal amount was reduced due to the repurchased Convertible Notes during the first quarter of 2015. See above for further discussion.

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

	Quarter Ended March 31,
(In thousands)	2015		2014
4.25% coupon interest	$	1,323	$	2,125
Amortization of deferred financing fees	58		117
Amortization of discount on the debt component	2,091		2,956
Total interest expense related to the Convertible Notes	$	3,472	$	5,198

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Hedging (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31,
(In thousands)	2015			2014
Losses on 30-day euro forward contracts	N/A			$	(212	)
Losses from fluctuations in the value of the net monetary assets exposed to euro exchange rates	$	(10,944	)	(2,351		)

Schedule of Notional Amounts of Outstanding Derivative Positions

At March 31, 2015, our hedge portfolio was comprised of the following outstanding positions, which were all designated as cash flow hedges:

	Notional Amount	Contract Average Rate/Price	Settlement Period1
Currency derivatives:
Purchased euro put options	€89 million	$1.36/€	2015
Sold euro call options	€89 million	$1.40/€	2015
3.5% Rotterdam Barge fuel derivatives:
Bunker fuel forward contracts	27,520 mt	$554/mt	2015

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:

	2015						2014
(In thousands)	Currency Hedge Portfolio			Bunker Fuel Forward Contracts			Currency Hedge Portfolio			Bunker Fuel Forward Contracts
Balance at beginning of year	$	23,735		$	(15,990	)	$	(5,014	)	$	988
Realized (gains) losses included in net income1	(16,773		)	8,775			1,229			(175		)
Purchases (sales), net2	—			—			277			—
Changes in fair value	18,017			(104		)	(323		)	(1,447		)
Balance at March 31	$	24,979		$	(7,319	)	$	(3,831	)	$	(634	)

¹  (Gains) losses realized from the settled currency and bunker fuel forward hedge contracts prior to maturity are included in the first quarter of 2015. 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 March 31, 2015 are expected to be reclassified into income as follows (in thousands):

Expected Period of Recognition	Currency Hedge Portfolio		Bunker Fuel Forward Contracts			Total
2015	$	24,660	$	(7,290	)	$	17,370

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 March 31, 2015							Quarter ended March 31, 2014
(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)	$	18,427	$	(153	)	$	18,274	$	80		$	(1,126	)	$	(1,046	)
Gain (loss) reclassified from accumulated OCI into income (effective portion)1	16,978		(8,775		)	8,203		(1,027		)	175			(852		)
Loss recognized in income on derivative (ineffective portion)1	—		49			49		—			(321		)	(321		)

¹  Both the gain (loss) reclassified from "AOCI" 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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Related Party Transactions Statement (USD $) In Millions, unless otherwise specified	3 Months Ended	24 Months Ended	39 Months Ended
	Mar. 31, 2015	Feb. 05, 2017	May 06, 2020	Feb. 05, 2015	Dec. 31, 2014	Mar. 31, 2014	Feb. 28, 2013	Feb. 05, 2013	Feb. 06, 2017
Related Party Transaction [Line Items]
Accounts Payable, Related Parties				$ 6
Notes Payable, Related Parties, Current	1
Dividends	45
7.875% Senior Notes | Senior Secured Notes, 7 Point 875 Percent, Due 2021 [Member]
Related Party Transaction [Line Items]
Stated interest rate on debt instrument	7.875%				7.875%	7.875%	7.875%	7.875%
All Tranches [Member] | Related party loan [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Parties				238.00
Tranche A [Member] | Related party loan [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Parties				43.75
Tranche B [Member] | Related party loan [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Parties				43.75
Tranche C [Member] | Related party loan [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Parties				$ 150.90
LIBOR | Related party loan [Member]
Related Party Transaction [Line Items]
Basis spread on variable rate		10000.00%	50000.00%
Weighted average interest rate				1.18%					5.18%

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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31, 2015, December 31, 2014 and March 31, 2014

:

		Assets (Liabilities)			Fair Value Measurements Using
(In thousands)		at Fair Value			Level 1		Level 2			Level 3
March 31, 2015
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	25,052		$	—	$	25,052		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(73		)	—		(73		)	—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	(7,319		)	—		(7,319		)	—
	Net amount recorded in other current assets	17,660			—		17,660			—
March 31, 2015		$	17,660		$	—	$	17,660		$	—
December 31, 2014
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	10,215		$	—	$	10,215		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(145		)	—		(145		)	—
Net amount recorded in other current assets		10,070			—		10,070			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	14,103			—		14,103			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(438		)	—		(438		)	—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	(15,990		)	—		(15,990		)	—
Net amount recorded in accrued liabilities		(2,325		)	—		(2,325		)	—
December 31, 2014		$	7,745		$	—	$	7,745		$	—
March 31, 2014
Derivatives recorded in "Investments & other assets, net":
Currency hedge portfolio	Gross amounts of recognized assets	$	2,146		$	—	$	2,146		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(1,936		)	—		(1,936		)	—
Bunker fuel forward contracts	Gross amounts of recognized assets	373					373
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	(166		)			(166		)
Net amount recorded in investments & other assets, net		417			—		417			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	2,937			—		2,937			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(6,978		)	—		(6,978		)	—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	317			—		317			—
Bunker fuel forward contracts	Gross amounts of recognized liabilities	(1,158		)	—		(1,158		)	—
30-day euro forward contracts	Gross amounts of recognized liabilities	(162		)	—		(162		)	—
	Net amount recorded in accrued liabilities	(5,044		)	—		(5,044		)	—
March 31, 2014		$	(4,627	)	$	—	$	(4,627	)	$	—

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Supplemental Consolidating Financial Information Condensed Balance Sheet (Tables)

3 Months Ended

Mar. 31, 2015

Condensed Balance Sheet [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
March 31, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	880	$	—	$	25,944	$	—		$	26,824
Trade receivables, less allowances	—		57,161		59,016		161,990		—			278,167
Other receivables, net	—		1,277		6,331		52,706		(1,018		)	59,296
Inventories	—		10,484		35,675		166,235		—			212,394
Prepaid expenses	1,276		1,167		9,781		33,870		—			46,094
Due from affiliates	53,086		2,103,203		1,342,820		525,705		(4,024,814		)	—
Other current assets	—		2,827		13,109		—		(9,214		)	6,722
Total current assets	54,362		2,176,999		1,466,732		966,450		(4,035,046		)	629,497
Property, plant and equipment, net	—		19,075		201,307		178,338		—			398,720
Investments and other assets, net	22,629		13,068		4,523		75,499		(6,351		)	109,368
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		84,517		54		—			84,571
Investments in and accounts with subsidiaries	1,402,092		1,085,194		2,313		—		(2,489,599		)	—
Total assets	$	1,479,083	$	3,502,421	$	1,815,987	$	1,399,841	$	(6,530,996	)	$	1,666,336
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,181	$	1,488	$	—		$	4,169
Accounts payable	6,358		6,804		107,108		156,287		—			276,557
Accrued liabilities	30,737		19,660		56,917		54,400		(10,232		)	151,482
Due to affiliates	906,543		1,573,846		1,178,026		366,399		(4,024,814		)	—
Total current liabilities	943,638		1,601,810		1,343,232		578,574		(4,035,046		)	432,208
Long-term debt and capital lease obligations, net of current portion	167,006		421,749		41,159		5,190		—			635,104
Accrued pension and other employee benefits	14,724		2,663		—		61,115		—			78,502
Deferred gain - sale of shipping fleet	—		—		—		2,757		—			2,757
Deferred tax liabilities	235		66,150		45,943		—		(6,351		)	105,977
Other liabilities	1,983		7,957		8,831		41,520		—			60,291
Total liabilities	1,127,586		2,100,329		1,439,165		689,156		(4,041,397		)	1,314,839
Commitments and contingencies
Total shareholders' equity	351,497		1,402,092		376,822		710,685		(2,489,599		)	351,497
Total liabilities and shareholders' equity	$	1,479,083	$	3,502,421	$	1,815,987	$	1,399,841	$	(6,530,996	)	$	1,666,336

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet
December 31, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	13,707	$	—	$	34,453	$	—		$	48,160
Trade receivables, less allowances	—		49,844		47,579		119,997		—			217,420
Other receivables, net	—		4,383		3,302		59,335		(210		)	66,810
Inventories	—		9,657		34,331		153,319		—			197,307
Prepaid expenses	209		5,555		8,193		24,861		—			38,818
Other current assets	—		10,070		11,506		503		(7,530		)	14,549
Total current assets	209		93,216		104,911		392,468		(7,740		)	583,064
Property, plant and equipment, net	—		15,680		194,362		186,987		—			397,029
Investments and other assets, net	22,032		11,209		4,372		79,150		(6,543		)	110,220
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		77,511		34		—			77,545
Investments in and accounts with subsidiaries	1,431,037		1,165,799		1,572		—		(2,598,408		)	—
Due from affiliates	84,298		2,377,190		1,537,915		626,343		(4,625,746		)	—
Total assets	$	1,537,576	$	3,871,179	$	1,977,238	$	1,464,482	$	(7,238,437	)	$	1,612,038
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,674	$	1,529	$	—		$	4,703
Accounts payable	6,795		7,672		86,010		122,809		—			223,286
Accrued liabilities	31,752		24,308		54,199		48,436		(7,740		)	150,955
Total current liabilities	38,547		33,480		141,883		172,774		(7,740		)	378,944
Long-term debt and capital lease obligations, net of current portion	176,431		415,858		39,945		5,284		—			637,518
Accrued pension and other employee benefits	14,637		6,549		—		68,195		—			89,381
Deferred tax liabilities	—		83,188		27,720		—		(6,543		)	104,365
Due to affiliates	981,225		1,893,148		1,346,665		404,708		(4,625,746		)	—
Other liabilities	3,402		7,919		21,979		45,196		—			78,496
Total liabilities	1,214,242		2,440,142		1,578,192		696,157		(4,640,029		)	1,288,704
Commitments and contingencies
Total shareholders' equity	323,334		1,431,037		399,046		768,325		(2,598,408		)	323,334
Total liabilities and shareholders' equity	$	1,537,576	$	3,871,179	$	1,977,238	$	1,464,482	$	(7,238,437	)	$	1,612,038

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
March 31, 2015
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	17,581	$	4,114	$	306	$	33,598	$	—		$	55,599
Trade receivables, less allowances	—		59,021		60,972		126,475		—			246,468
Other receivables, net	—		6,020		4,071		48,302		—			58,393
Inventories	—		10,019		36,682		162,346		—			209,047
Prepaid expenses	443		3,428		6,405		31,591		—			41,867
Other current assets	—		17,660		13,423		503		(7,530		)	24,056
Total current assets	18,024		100,262		121,859		402,815		(7,530		)	635,430
Property, plant and equipment, net	—		10,141		189,383		185,163		—			384,687
Investments and other assets, net	9,429		9,092		3,967		74,430		—			96,918
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		75,176		27		—			75,203
Investments in and accounts with subsidiaries	1,447,583		1,229,638		3,548		—		(2,680,769		)	—
Due from affiliates	80,112		2,184,016		1,628,905		689,847		(4,582,880		)	—
Total assets	$	1,555,148	$	3,741,234	$	2,079,433	$	1,531,782	$	(7,271,179	)	$	1,636,418
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	—	$	1,649	$	1,641	$	—		$	3,290
Accounts payable	3,632		6,307		101,399		137,117		—			248,455
Accrued liabilities	23,001		8,142		51,198		54,487		—			136,828
Total current liabilities	26,633		14,449		154,246		193,245		—			388,573
Long-term debt and capital lease obligations, net of current portion	44,158		196,162		39,553		3,576		—			283,449
Accrued pension and other employee benefits	9,498		6,360		8		62,498		—			78,364
Deferred tax liabilities	993		83,117		27,695		—		(7,530		)	104,275
Other liabilities	—		7,777		21,994		41,679		—			71,450
Long-term related parties debt	238,479		—		—		—		—			238,479
Due to affiliates	763,559		1,985,786		1,429,170		404,365		(4,582,880		)	—
Total liabilities	1,083,320		2,293,651		1,672,666		705,363		(4,590,410		)	1,164,590
Commitments and contingencies
Total shareholders' equity	471,828		1,447,583		406,767		826,419		(2,680,769		)	471,828
Total liabilities and shareholders' equity	$	1,555,148	$	3,741,234	$	2,079,433	$	1,531,782	$	(7,271,179	)	$	1,636,418

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Hedging - Foreign Currency and Fuel Derivatives Narrative (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Bunker fuel forward contracts
Derivative [Line Items]
Maximum Length of Time Hedged in Price Risk Cash Flow Hedge	3 years
Cost of Sales [Member] | 30-day euro forward contracts
Derivative [Line Items]
Unrealized gains (losses) on foreign currency derivative instruments not designated as hedges recorded in Net sales		$ (212)
Losses from fluctuations in the value of the net monetary assets exposed to euro exchange rates	$ (10,944)	$ (2,351)

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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
	Jun. 30, 2014 USD ($)	Mar. 31, 2012 Indirect import challenge - income tax assessment EUR (€)	Sep. 30, 2014 Indirect import challenge - income tax assessment EUR (€)	Sep. 30, 2011 Indirect import challenge - customs tax assessment EUR (€)	Sep. 30, 2014 Indirect import challenge - customs tax assessment EUR (€)	Mar. 31, 2014 Trento 1998-2000 cases	Dec. 31, 2013 Trento 1998-2000 cases EUR (€)	Sep. 30, 2014 Trento 1998-2000 cases USD ($)	Sep. 30, 2014 Trento 1998-2000 cases EUR (€)	Mar. 31, 2012 Alessandria 1998-2000 cases	Sep. 30, 2014 Alessandria 1998-2000 cases USD ($)	Sep. 30, 2014 Alessandria 1998-2000 cases EUR (€)	Nov. 30, 2012 Aosta 1998-2000 cases USD ($)	Sep. 30, 2014 Aosta 1998-2000 cases EUR (€)	Aug. 31, 2012 Genoa 1998-2000 cases EUR (€)	Sep. 30, 2014 Genoa 1998-2000 cases USD ($)	Mar. 31, 2015 Chiquita Italy 1998-2000 cases jurisdiction	Apr. 30, 2011 Chiquita Italy 2004 - 2005 cases USD ($)	Apr. 30, 2011 Chiquita Italy 2004 - 2005 cases EUR (€)	Sep. 30, 2011 Chiquita Italy 2004 - 2005 cases USD ($)	Sep. 30, 2011 Chiquita Italy 2004 - 2005 cases EUR (€)	Mar. 31, 2015 Chiquita Italy 2004 cases - direct import challenge USD ($)	Mar. 31, 2015 Chiquita Italy 2004 cases - direct import challenge EUR (€)	Mar. 31, 2015 Chiquita Italy 2005 cases - direct import challenge USD ($)	Mar. 31, 2015 Chiquita Italy 2005 cases - direct import challenge EUR (€)	Mar. 31, 2014 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	26,000,000	19,000,000
Interest and Penalties Claimed / Assessed			19,100,000		10,200,000			3,300,000				200,000		1,100,000		1,000,000
Total Claim / Assessment			31,100,000		29,600,000				6,600,000		500,000			2,300,000		8,400,000
Deposits Paid Pending Appeal			900,000		18,700,000		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, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Net sales	$ 725,331	$ 761,990
Cost of sales	622,604	685,252
Selling, general and administrative	49,401	54,391
Transaction costs	47,979	5,919
Depreciation	15,935	13,499
Amortization	2,342	2,341
Equity in earnings of investees	0
Operating income	(12,930)	588
Interest income	664	664
Interest expense	(9,185)	(15,468)
Loss on debt extinguishment	(36,212)	(521)
Other income (expense), net	(602)	(3,894)
Income before income taxes	(58,265)	(18,631)
Income tax benefit (expense)	(6,361)	(5,972)
Net Loss	$ (64,626)	$ (24,603)

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Trade and Finance Receivables - Finance Receivables Allowance (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Grower receivables
Allowance for Doubtful Accounts Receivable [Roll Forward]
Reserve at beginning of period			$ 32,040,000	$ 32,074,000	$ 32,877,000
Reserve at end of period			32,040,000	32,074,000	32,877,000
Iranian customers | Customer not able to find acceptable methods of payment
Valuation Allowance [Line Items]
Reserve for trade receivables	$ 2,000,000	$ 9,000,000

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Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Statement of Financial Position [Abstract]
Trade receivables allowances	$ 16,074	$ 14,438	$ 20,756
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares outstanding	10,679,368	47,112,311	46,911,372

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Hedging Contracts not designated as hedging instruments (Details) (30-day euro forward contracts, USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cost of Sales [Member]
Derivative [Line Items]
Unrealized gains (losses) on foreign currency derivative instruments not designated as hedges recorded in Net sales		$ (212)
Foreign Currency Transaction Gain (Loss), Unrealized	$ (10,944)	$ (2,351)
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Term of Contract	30 days

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Segment Information (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information for each segment follows:

	Quarter Ended March 31,
(In thousands)	2015			2014
Net sales:
Bananas	$	471,003		$	501,531
Salads and Healthy Snacks	230,233			229,611
Other Produce	24,095			30,848
	$	725,331		$	761,990
Operating income (loss):
Bananas	$	28,577		$	20,689
Salads and Healthy Snacks	10,901			(3,485		)
Other Produce	2,042			95
Corporate costs1	(54,450		)	(16,711		)
	$	(12,930	)	$	588

¹  Includes $48 million and $6 million of transaction costs for the quarters ended March 31, 2015 and 2014, respectively, related to the Merger Agreement and the terminated Fyffes plc. strategic combination.

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Income Taxes - Out of Period Adjustments (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income Tax Expense (Benefit)	$ 6,361	$ 5,972

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New Accounting Standards

3 Months Ended

Mar. 31, 2015

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
Imputation of Interest Simplifying the Presentation of Debt Issuance Costs	April 2015 ASU 2015-03	Debt issuance costs related to a recognized debt liability must be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts.	Financial statements for fiscal years after December 15, 2015. Early adoption is permitted for statements that have not been previously issued.	We will adopt the new standard in the fiscal year beginning January 1, 2016. We will continue to evaluate the effect of the new standard moving forward.
Amendments to the Consolidation Analysis	February 2015 ASU 2015-02	Modifies the conditions requiring a reporting entity to consolidate certain legal entities related to VIE's, partnerships, and money market funds.	Financial statements for fiscal years after December 15, 2015.	We will adopt the new standard in the fiscal year beginning January 1, 2016. We will continue to evaluate the effect of the new standard moving forward.
Business Combinations: Pushdown Accounting	November 2014 ASU 2014-17	Provides an acquired entity the option to apply pushdown accounting after a change-in-control event, in the reporting period of which the change-in-control event occurred.	Transactions after November 18, 2014.	No effect. We have elected to not apply pushdown accounting following the change in control event in the first quarter of 2015.
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 2018. 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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Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2015

1998-2000 cases

Loss Contingencies [Line Items]

Schedule of Loss Contingencies by Contingency

A summary of claims and deposits paid as of March 31, 2015 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	€1.1	€2.3	€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	€18.7	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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Business Disposals (Notes)

3 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Business Disposals

In the first quarter of 2015, we disposed of an African sourcing business for the bananas segment resulting in a loss of less than $1 million, which was recorded in "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.” 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.

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Segment Information (Details) (USD $)	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
Segment Reporting Information [Line Items]
Net sales	$ 725,331,000		$ 761,990,000
Operating income	(12,930,000)		588,000
Severance costs	7,000,000
Transaction costs	47,979,000		5,919,000
Corporate costs
Segment Reporting Information [Line Items]
Operating income	(54,450,000)	[1]	(16,711,000)	[1]
Bananas [Member]
Segment Reporting Information [Line Items]
Net sales	471,003,000		501,531,000
Operating income	28,577,000		20,689,000
Salads and Healthy Snacks
Segment Reporting Information [Line Items]
Net sales	230,233,000		229,611,000
Operating income	10,901,000		(3,485,000)
Other Produce
Segment Reporting Information [Line Items]
Net sales	24,095,000		30,848,000
Operating income	$ 2,042,000		$ 95,000

[1] Includes $48 million and $6 million of transaction costs for the quarters ended March 31, 2015 and 2014, respectively, related to the Merger Agreement and the terminated Fyffes plc. strategic combination.

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Condensed Consolidated Statements of Cash Flow (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
OPERATIONS
Net Loss	$ (64,626,000)	$ (24,603,000)
Depreciation and amortization	18,277,000	15,840,000
Loss on debt extinguishment	36,212,000	521,000
Repayment of original issuance discounts	(6,161,000)	0
Reserve for trade receivables	2,804,000	1,562,000
Amortization of discount on Convertible Notes	2,091,000	2,956,000
Amortization of gain on sale of the shipping fleet	0	(3,533,000)
Stock-based compensation	15,986,000	1,968,000
Changes in current assets and liabilities and other	(26,336,000)	(2,729,000)
Operating cash flow	(35,230,000)	(8,018,000)
INVESTING
Capital expenditures	(4,587,000)	(10,685,000)
Other, net	(235,000)	(2,719,000)
Investing cash flow	(4,822,000)	(13,404,000)
FINANCING
Issuances of long-term debt with related party	238,479,000	0
Repurchase of Convertible Notes	(146,401,000)	0
Repayments of the 2013 ABL Term Loan	4,875,000	375,000
Borrowings under the 2015 ABL Revolver	(2,623,000)
Repayments of long-term debt and capital lease obligations	(1,892,000)	(76,000)
Payments for debt modification and issuance costs	(2,623,000)	(20,000)
Payments of debt extinguishment costs	0	(300,000)
Payments of stock-based compensation	(36,588,000)	0
Payment of dividend to related party	(45,374,000)	0
Proceeds from sale of common stock	154,836,000	0
Proceeds from Contributions from Affiliates	108,046,000	0
Financing cash flow	47,491,000	(5,771,000)
Increase (decrease) in cash and equivalents	7,439,000	(27,193,000)
Cash and equivalents, beginning of period	48,160,000	54,017,000
Cash and equivalents, end of period	55,599,000	26,824,000
7.875% Senior Notes [Member]
OPERATIONS
Loss on debt extinguishment	22,735,000
2013 ABL Revolver [Member]
FINANCING
Proceeds from 2013 ABL Revolver	0	20,000,000
Repayments of 2013 ABL Revolver	0	(15,000,000)
2015 ABL [Member]
FINANCING
Borrowings under the 2015 ABL Revolver	16,000,000	0
Repayments of the 2015 ABL	(10,000,000)	0
7.875% Senior Notes | Senior Secured Notes, 7 Point 875 Percent, Due 2021 [Member]
FINANCING
Redemption of 7.875% Notes	(222,000,000)	(10,000,000)
Line of Credit [Member] | 2013 ABL Term Loan
FINANCING
Repayments of the 2013 ABL Term Loan	(4,875,000)	(375,000)
January 21, 2015 [Member] | 7.875% Senior Notes | Senior Secured Notes, 7 Point 875 Percent, Due 2021 [Member]
FINANCING
Redemption of 7.875% Notes	$ 139,000,000

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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net Loss	$ (64,626)	$ (24,603)
Other comprehensive income (loss), net of tax, where applicable: [Abstract]
Unrealized foreign currency translation gains	2	16
Realized gains for foreign currency translation on business disposal reclassified into Other income (expense), net	602	252
Net other comprehensive income (loss) related to foreign currency translation	604	268
Unrealized gains (losses) on derivatives for the period	18,274	(1,046)
Derivative (gains) losses reclassified into Net sales	(16,978)	1,027
Derivative (gains) losses reclassified into Cost of sales	8,775	(175)
Net other comprehensive income (loss) related to derivatives	10,071	(194)
Actuarial gains (losses) for the period, net of $120 and $259, respectively, of income tax benefit	2,172	(342)
Amortization included in pension cost	284	300
Net other comprehensive income (loss) related to defined benefit pension and severance plans	2,456	(42)
Other comprehensive income (loss), net of tax	13,131	32
Comprehensive loss	$ (51,495)	$ (24,571)

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Income Taxes

3 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAX CONSIDERATIONS

The change in control results in certain limitations on our ability to use net operating loss carryforwards ("NOLs") in the U.S. Because we have full valuation allowances on these NOLs, these limitations do not result in income tax expense.

Income Taxes

The effective tax rates were (10.9)% and (32.1)% for the quarters ended March 31, 2015 and 2014, 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 ended March 31, 2015 and 2014 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 ended March 31, 2015 and 2014 were also impacted by our continuing to maintain a full valuation allowance on U.S. net deferred tax assets.

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 March 31, 2015, December 31, 2014 or March 31, 2014 balance sheets.

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Document And Entity Information	3 Months Ended
	Mar. 31, 2015	May 14, 2015
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	Mar. 31, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		10,679,368

XML

Advertising and Promotion Expense

3 Months Ended

Mar. 31, 2015

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 $9 million and $7 million for the quarters ended March 31, 2015 and 2014, respectively.

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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Actuarial losses for the period, tax benefit	$ 120	$ 259

XML

Inventories

3 Months Ended

Mar. 31, 2015

Inventory, Net [Abstract]

Inventories

Inventories

Inventories consist of the following:

(In thousands)	March 31, 2015		December 31, 2014		March 31, 2014
Finished goods	$	73,375	$	65,084	$	64,956
Growing crops	77,155		75,412		79,119
Raw materials, supplies and other	58,517		56,811		68,319
	$	209,047	$	197,307	$	212,394

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Trade and Finance Receivables

3 Months Ended

Mar. 31, 2015

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 $7 million, $8 million and $14 million of "Trade receivables, less allowances" on the Condensed Consolidated Balance Sheet as of March 31, 2015, December 31, 2014 and March 31, 2014, 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.

FINANCE RECEIVABLES

Finance receivables were as follows:

	March 31, 2015					December 31, 2014					March 31, 2014
(In thousands)	Grower Receivables			Seller Financing		Grower Receivables			Seller Financing		Grower Receivables			Seller Financing
Gross receivable	$	32,817		$	24,570	$	36,089		$	25,629	$	35,638		$	26,236
Reserve	(32,040		)	—		(32,074		)	—		(32,877		)	—
Net receivable	$	777		$	24,570	$	4,015		$	25,629	$	2,761		$	26,236
Current portion, net	$	777		$	4,833	$	4,015		$	4,740	$	2,761		$	4,068
Long-term portion, net	—			19,737		—			20,889		—			22,168
Net receivable	$	777		$	24,570	$	4,015		$	25,629	$	2,761		$	26,236

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 quarter ended March 31, 2015, there was no significant activity in the reserve for grower receivables balance. The gross grower receivable balance in each period primarily relates to advances 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 March 31, 2015, payments are current on this note receivable.

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Supplemental Consolidating Financial Information (Notes)

3 Months Ended

Mar. 31, 2015

Condensed Financial Statements [Text Block]

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 March 31, 2015
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	200,352		$	295,017		$	472,777		$	(242,815	)	$	725,331
Cost of sales	—			211,948			254,039			399,219			(242,602		)	622,604
Selling, general and administrative	3,007			5,303			17,385			23,706			—			49,401
Transaction costs	38,044			4,096			4,620			1,219			—			47,979
Depreciation	—			5,324			5,679			4,932			—			15,935
Amortization	—			—			2,335			7			—			2,342
Equity in losses (earnings) of investees and subsidiaries	(3,488		)	(53,968		)	(1		)	—			57,457			—
Operating income (loss)	(37,563		)	27,649			10,960			43,694			(57,670		)	(12,930		)
Interest income	—			—			—			664			—			664
Interest expense	(3,982		)	(4,404		)	(676		)	(123		)	—			(9,185		)
Loss on debt extinguishment	(17,112		)	(19,100		)	—			—			—			(36,212		)
Other income (expense), net	—			—			—			(602		)	—			(602		)
Intercompany interest and other	392			(657		)	(116		)	168			213			—
Income (loss) before income taxes	(58,265		)	3,488			10,168			43,801			(57,457		)	(58,265		)
Income tax expense	(6,361		)	(67		)	(4,424		)	(712		)	5,203			(6,361		)
Net income (loss)	$	(64,626	)	$	3,421		$	5,744		$	43,089		$	(52,254	)	$	(64,626	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Loss (Unaudited)
Quarter March 31, 2015
(in thousands)
	CBII			CBLLC		Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(64,626	)	$	3,421	$	5,744	$	43,089		$	(52,254	)	$	(64,626	)
Unrealized foreign currency translation gains	—			—		—		2			—			2
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—		—		602			—			602
Net other comprehensive income related to foreign currency translation	—			—		—		604			—			604
Unrealized gains (losses) on derivatives for the period	—			—		—		18,274			—			18,274
Derivative gains reclassified into Net sales	—			—		—		(16,978		)	—			(16,978		)
Derivative losses reclassified into Cost of sales	—			—		—		8,775			—			8,775
Net other comprehensive income related to derivatives	—			—		—		10,071			—			10,071
Actuarial gains for the period, net of tax	—			—		—		2,172			—			2,172
Amortization included in pension cost	—			103		—		181			—			284
Net other comprehensive income related to defined benefit pension and severance plans	—			103		—		2,353			—			2,456
Other comprehensive income (loss) of investments in subsidiaries	13,131			13,028		—		—			(26,159		)	—
Comprehensive income (loss)	$	(51,495	)	$	16,552	$	5,744	$	56,117		$	(78,413	)	$	(51,495	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Quarter Ended March 31, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	209,044		$	293,273		$	502,259		$	(242,586	)	$	761,990
Cost of sales	—			202,000			262,872			462,579			(242,199		)	685,252
Selling, general and administrative	7,908			3,787			22,172			20,524			—			54,391
Transaction Costs	5,919			—			—			—			—			5,919
Depreciation	—			1,276			6,199			6,024			—			13,499
Amortization	—			—			2,335			6			—			2,341
Equity in losses of investees	95			(7,565		)	3,473			—			3,997			—
Operating income (loss)	(13,922		)	9,546			(3,778		)	13,126			(4,384		)	588
Interest income	—			2			33			629			—			664
Interest expense	(5,292		)	(9,231		)	(884		)	(61		)	—			(15,468		)
Loss on debt extinguishment	—			(521		)	—			—			—			(521		)
Other income (expense), net	583			109			(451		)	(4,522		)	387			(3,894		)
Income (loss) before income taxes	(18,631		)	(95		)	(5,080		)	9,172			(3,997		)	(18,631		)
Income tax expense	(5,972		)	(343		)	1,968			(914		)	(711		)	(5,972		)
Net income (loss)	$	(24,603	)	$	(438	)	$	(3,112	)	$	8,258		$	(4,708	)	$	(24,603	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Loss (Unaudited)
Quarter Ended March 31, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(24,603	)	$	(438	)	$	(3,112	)	$	8,258		$	(4,708	)	$	(24,603	)
Unrealized foreign currency translation gains	—			—			—			16			—			16
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—			—			252			—			252
Net other comprehensive income related to foreign currency translation	—			—			—			268			—			268
																—
Unrealized losses on derivatives for the period	—			—			—			(1,046		)	—			(1,046		)
Derivative losses reclassified into Net sales	—			—			—			1,027			—			1,027
Derivative gains reclassified into Cost of sales	—			—			—			(175		)	—			(175		)
Net other comprehensive loss related to derivatives	—			—			—			(194		)	—			(194		)
																—
Actuarial losses for the period, net of tax	—			—			—			(342		)	—			(342		)
Amortization included in pension cost	—			104			—			196			—			300
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			104			—			(146		)	—			(42		)
																—
Other comprehensive income (loss) of investments in subsidiaries	(220		)	(324		)	—			—			544			—
Comprehensive income (loss)	$	(24,823	)	$	(658	)	$	(3,112	)	$	8,186		$	(4,164	)	$	(24,571	)

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
March 31, 2015
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	17,581	$	4,114	$	306	$	33,598	$	—		$	55,599
Trade receivables, less allowances	—		59,021		60,972		126,475		—			246,468
Other receivables, net	—		6,020		4,071		48,302		—			58,393
Inventories	—		10,019		36,682		162,346		—			209,047
Prepaid expenses	443		3,428		6,405		31,591		—			41,867
Other current assets	—		17,660		13,423		503		(7,530		)	24,056
Total current assets	18,024		100,262		121,859		402,815		(7,530		)	635,430
Property, plant and equipment, net	—		10,141		189,383		185,163		—			384,687
Investments and other assets, net	9,429		9,092		3,967		74,430		—			96,918
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		75,176		27		—			75,203
Investments in and accounts with subsidiaries	1,447,583		1,229,638		3,548		—		(2,680,769		)	—
Due from affiliates	80,112		2,184,016		1,628,905		689,847		(4,582,880		)	—
Total assets	$	1,555,148	$	3,741,234	$	2,079,433	$	1,531,782	$	(7,271,179	)	$	1,636,418
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	—	$	1,649	$	1,641	$	—		$	3,290
Accounts payable	3,632		6,307		101,399		137,117		—			248,455
Accrued liabilities	23,001		8,142		51,198		54,487		—			136,828
Total current liabilities	26,633		14,449		154,246		193,245		—			388,573
Long-term debt and capital lease obligations, net of current portion	44,158		196,162		39,553		3,576		—			283,449
Accrued pension and other employee benefits	9,498		6,360		8		62,498		—			78,364
Deferred tax liabilities	993		83,117		27,695		—		(7,530		)	104,275
Other liabilities	—		7,777		21,994		41,679		—			71,450
Long-term related parties debt	238,479		—		—		—		—			238,479
Due to affiliates	763,559		1,985,786		1,429,170		404,365		(4,582,880		)	—
Total liabilities	1,083,320		2,293,651		1,672,666		705,363		(4,590,410		)	1,164,590
Commitments and contingencies
Total shareholders' equity	471,828		1,447,583		406,767		826,419		(2,680,769		)	471,828
Total liabilities and shareholders' equity	$	1,555,148	$	3,741,234	$	2,079,433	$	1,531,782	$	(7,271,179	)	$	1,636,418

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet
December 31, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	13,707	$	—	$	34,453	$	—		$	48,160
Trade receivables, less allowances	—		49,844		47,579		119,997		—			217,420
Other receivables, net	—		4,383		3,302		59,335		(210		)	66,810
Inventories	—		9,657		34,331		153,319		—			197,307
Prepaid expenses	209		5,555		8,193		24,861		—			38,818
Other current assets	—		10,070		11,506		503		(7,530		)	14,549
Total current assets	209		93,216		104,911		392,468		(7,740		)	583,064
Property, plant and equipment, net	—		15,680		194,362		186,987		—			397,029
Investments and other assets, net	22,032		11,209		4,372		79,150		(6,543		)	110,220
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		77,511		34		—			77,545
Investments in and accounts with subsidiaries	1,431,037		1,165,799		1,572		—		(2,598,408		)	—
Due from affiliates	84,298		2,377,190		1,537,915		626,343		(4,625,746		)	—
Total assets	$	1,537,576	$	3,871,179	$	1,977,238	$	1,464,482	$	(7,238,437	)	$	1,612,038
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,674	$	1,529	$	—		$	4,703
Accounts payable	6,795		7,672		86,010		122,809		—			223,286
Accrued liabilities	31,752		24,308		54,199		48,436		(7,740		)	150,955
Total current liabilities	38,547		33,480		141,883		172,774		(7,740		)	378,944
Long-term debt and capital lease obligations, net of current portion	176,431		415,858		39,945		5,284		—			637,518
Accrued pension and other employee benefits	14,637		6,549		—		68,195		—			89,381
Deferred tax liabilities	—		83,188		27,720		—		(6,543		)	104,365
Due to affiliates	981,225		1,893,148		1,346,665		404,708		(4,625,746		)	—
Other liabilities	3,402		7,919		21,979		45,196		—			78,496
Total liabilities	1,214,242		2,440,142		1,578,192		696,157		(4,640,029		)	1,288,704
Commitments and contingencies
Total shareholders' equity	323,334		1,431,037		399,046		768,325		(2,598,408		)	323,334
Total liabilities and shareholders' equity	$	1,537,576	$	3,871,179	$	1,977,238	$	1,464,482	$	(7,238,437	)	$	1,612,038

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
March 31, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	880	$	—	$	25,944	$	—		$	26,824
Trade receivables, less allowances	—		57,161		59,016		161,990		—			278,167
Other receivables, net	—		1,277		6,331		52,706		(1,018		)	59,296
Inventories	—		10,484		35,675		166,235		—			212,394
Prepaid expenses	1,276		1,167		9,781		33,870		—			46,094
Due from affiliates	53,086		2,103,203		1,342,820		525,705		(4,024,814		)	—
Other current assets	—		2,827		13,109		—		(9,214		)	6,722
Total current assets	54,362		2,176,999		1,466,732		966,450		(4,035,046		)	629,497
Property, plant and equipment, net	—		19,075		201,307		178,338		—			398,720
Investments and other assets, net	22,629		13,068		4,523		75,499		(6,351		)	109,368
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		84,517		54		—			84,571
Investments in and accounts with subsidiaries	1,402,092		1,085,194		2,313		—		(2,489,599		)	—
Total assets	$	1,479,083	$	3,502,421	$	1,815,987	$	1,399,841	$	(6,530,996	)	$	1,666,336
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,181	$	1,488	$	—		$	4,169
Accounts payable	6,358		6,804		107,108		156,287		—			276,557
Accrued liabilities	30,737		19,660		56,917		54,400		(10,232		)	151,482
Due to affiliates	906,543		1,573,846		1,178,026		366,399		(4,024,814		)	—
Total current liabilities	943,638		1,601,810		1,343,232		578,574		(4,035,046		)	432,208
Long-term debt and capital lease obligations, net of current portion	167,006		421,749		41,159		5,190		—			635,104
Accrued pension and other employee benefits	14,724		2,663		—		61,115		—			78,502
Deferred gain - sale of shipping fleet	—		—		—		2,757		—			2,757
Deferred tax liabilities	235		66,150		45,943		—		(6,351		)	105,977
Other liabilities	1,983		7,957		8,831		41,520		—			60,291
Total liabilities	1,127,586		2,100,329		1,439,165		689,156		(4,041,397		)	1,314,839
Commitments and contingencies
Total shareholders' equity	351,497		1,402,092		376,822		710,685		(2,489,599		)	351,497
Total liabilities and shareholders' equity	$	1,479,083	$	3,502,421	$	1,815,987	$	1,399,841	$	(6,530,996	)	$	1,666,336

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Quarter ended March 31, 2015
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-Issuer)			(Co-Issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash provided (used) by:
Operating cash flow	$	(255,417	)	$	221,186		$	(2,054	)	$	1,055		$	—		$	(35,230	)
Capital expenditures	—			(94		)	(934		)	(3,559		)	—			(4,587		)
Investing activity with subsidiaries	—			(5,095		)	—			—			5,095			—
Other, net	—			—			(2		)	(233		)	—			(235		)
Investing cash flow	—			(5,189		)	(936		)	(3,792		)	5,095			(4,822		)
Issuances of long-term debt with related party	238,479			—			—			—			—			238,479
Repurchase of Convertible Notes	(146,401		)	—			—			—			—			(146,401		)
Redemption of 7.875% Notes	—			(222,117		)	—			—			—			(222,117		)
Repayments of the 2013 ABL Term Loan	—			(4,875		)	—			—			—			(4,875		)
Borrowings under the 2015 ABL	—			16,000			—			—			—			16,000
Repayments of the 2015 ABL	—			(10,000		)	—			—			—			(10,000		)
Repayments of long-term debt and capital lease obligations	—			—			(1,799		)	(93		)	—			(1,892		)
Payments for debt modification and issuance costs	—			(2,623		)	—			—			—			(2,623		)
Payment of stock-based compensation	(36,588		)	—			—			—			—			(36,588		)
Payment of dividend to related party	(45,374		)	—			—			—			—			(45,374		)
Proceeds from sale of common stock	154,836			—			—			—			—			154,836
Proceeds from capital contributions	108,046			—			—			—			—			108,046
Financing activity with subsidiaries	—			(1,975		)	5,095			1,975			(5,095		)	—
Financing cash flow	272,998			(225,590		)	3,296			1,882			(5,095		)	47,491
Increase (decrease) in cash and equivalents	17,581			(9,593		)	306			(855		)	—			7,439
Cash and equivalents, beginning of period	—			13,707			—			34,453			—			48,160
Cash and equivalents, end of period	$	17,581		$	4,114		$	306		$	33,598		$	—		$	55,599

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Quarter ended March 31, 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	$	—	$	(2,459	)	$	(889	)	$	(4,670	)	$	—		—	$	(8,018	)
Capital expenditures	—		(1,067		)	(2,244		)	(7,374		)	—				(10,685		)
Investing activity with subsidiaries1	—		(5,750		)	(2,600		)	—			8,350				—
Other, net	—		—			44			(2,763		)	—				(2,719		)
Investing cash flow	—		(6,817		)	(4,800		)	(10,137		)	8,350				(13,404		)
Redemption of 7.875% Notes	—		(10,000		)	—			—			—				(10,000		)
Borrowings under the 2013 ABL Revolver	—		20,000			—			—			—				20,000
Repayments of the 2013 ABL Revolver	—		(15,000		)	—			—			—				(15,000		)
Repayments of the 2013 ABL Term Loan	—		(375		)	—			—			—				(375		)
Repayments of long-term debt and capital lease obligations	—		—			(61		)	(15		)	—				(76		)
Payments for debt modification and issuance costs	—		(20		)	—			—			—				(20		)
Payments of debt extinguishment costs	—		(300		)	—			—			—				(300		)
Financing activity with subsidiaries1	—		—			5,750			2,600			(8,350		)		—
Financing cash flow	—		(5,695		)	5,689			2,585			(8,350		)		(5,771		)
Increase (decrease) in cash and equivalents	—		(14,971		)	—			(12,222		)	—				(27,193		)
Cash and equivalents, beginning of period	—		15,851			—			38,166			—				54,017
Cash and equivalents, end of period	$	—	$	880		$	—		$	25,944		$	—			$	26,824

¹ As previously disclosed in our second quarter of 2014 Form 10-Q, $3 million of investing and financing activity between the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries during the first quarter of 2014 has been corrected and is reflected in this condensed consolidating statement of cash flows for the three months ended March 31, 2014.

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2015

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

Stock-Based Compensation

Stock-Based Compensation

Upon change in control on January 6, 2015, all unvested stock awards including restricted stock units ("RSU's"), Long Term Incentive Plan ("LTIP") awards and performance restricted stock units ("PRSU's") for performance periods ending after 2014 vested, where applicable, and became payable according to change in control provisions of the stock plans. The change-in-control vesting resulted in a total payout of $37 million, for the quarter ended March 31, 2015. We plan to cancel all stock plans, subject to Board approval. Stock-based compensation expense totaled $16 million and $2 million for the quarters ended March 31, 2015 and 2014, respectively. See Note 2 for further details.

Also in January 2015, the employment of Edward F. Lonergan, former President and Chief Executive Officer of CBII, terminated pursuant to a qualifying termination under his employment agreement, and the employment of Rick P. Frier, former Executive Vice President and Chief Financial Officer, Kevin R. Holland, former Executive Vice President and Chief People Officer, and James E. Thompson, former Executive Vice President, General Counsel Secretary, terminated pursuant to resignation for good reason under their change in control severance agreements. In connection with these executive terminations, $7 million of expense was recognized in January, all of which was paid prior to March 31, 2015.

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Pension and Severance Benefits

3 Months Ended

Mar. 31, 2015

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 March 31,
(In thousands)	2015			2014
Service cost	$	1,958		$	1,855
Interest on projected benefit obligation	1,347			1,390
Expected return on plan assets	(328		)	(330		)
Recognized actuarial loss	252			268
Amortization of prior service cost	32			32
Defined benefit and severance plan expense	$	3,261		$	3,215

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Fair Value Measurements (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Assets (Liabilties) at Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets (liabilities) at fair value	$ 17,660	$ 7,745	$ (4,627)
Assets (Liabilties) at Fair Value | Other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded assets	17,660	10,070
Assets (Liabilties) at Fair Value | Other current assets | Currency hedge portfolio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized assets		10,215
Gross amounts offset in the balance sheets		(145)
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	25,052
Gross amounts offset in the balance sheets	(73)
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	(7,319)
Assets (Liabilties) at Fair Value | Investments & other assets, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded assets			417
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			2,146
Gross amounts offset in the balance sheets			(1,936)
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			373
Gross amounts offset in the balance sheets			(166)
Assets (Liabilties) at Fair Value | Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded liabilities		2,325	(5,044)
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		(14,103)	2,937
Gross amounts of recognized liabilities		438	(6,978)
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		15,990	317
Gross amounts of recognized liabilities			(1,158)
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 of recognized liabilities			(162)
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets (liabilities) at fair value	17,660	7,745	(4,627)
Level 2 | Other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded assets	17,660	10,070
Level 2 | Other current assets | Currency hedge portfolio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized assets		10,215
Gross amounts offset in the balance sheets		(145)
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	25,052
Gross amounts offset in the balance sheets	(73)
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	(7,319)
Level 2 | Investments & other assets, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded assets			417
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			2,146
Gross amounts offset in the balance sheets			(1,936)
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			373
Gross amounts offset in the balance sheets			(166)
Level 2 | Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded liabilities		(2,325)	(5,044)
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		(14,103)	2,937
Gross amounts of recognized liabilities		438	(6,978)
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		15,990	317
Gross amounts of recognized liabilities			(1,158)
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 of recognized liabilities			$ (162)

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Debt Including Capital Lease Obligations

3 Months Ended

Mar. 31, 2015

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:

	March 31, 2015					December 31, 2014					March 31, 2014
	Carrying Value			Estimated Fair Value1		Carrying Value			Estimated Fair Value1		Carrying Value			Estimated Fair Value1
(In thousands)
7.875% Senior Secured Notes due 2021	$	190,162		$	210,000	$	412,483		$	447,000	$	412,249		$	462,000
4.25% Convertible Senior Notes due 2016	44,158			49,000		176,431			200,000		167,006			201,000
2015 ABL	6,000			6,000		—			—		—			—
2013 ABL Revolver	—			—		—			—		5,000			5,000
2013 ABL Term Loan	—			—		4,875			4,800		6,000			6,000
Capital lease obligations2	41,444			41,000		41,891			41,800		42,477			42,000
Other debt	4,975			4,000		6,541			6,500		6,541			6,000
Less current portion	(3,290		)			(4,703		)			(4,169		)
Total long-term debt and capital lease obligations	$	283,449				$	637,518				$	635,104

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 21, 2015, we redeemed $139 million of the 7.875% Notes at 107.875% of the principal amount (plus accrued and unpaid interest) recording a loss on debt extinguishment of $14 million related to premium and deferred financing cots write-offs. On January 23, 2015, we redeemed an additional $43 million of the 7.875% Notes at 103% of the principle amount (plus accrued and unpaid interest) recording a loss on debt extinguishment of $2 million related to premium and deferred financing costs. On February 6, 2015, we redeemed an additional $43 million of the 7.875% Notes at 103% of the principle amount (plus accrued and unpaid interest) recording a loss on debt extinguishment of $2 million related to premium and deferred financing costs.

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) was 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") were previously 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 was 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 could tender the notes for conversion only under certain circumstances, in accordance with their terms.

The change in control that occurred on January 6, 2015 constituted a Fundamental Change under the Convertible Notes indenture, which required us to offer to repurchase the Convertible Notes at a price of 100% of the principal amount of the Notes to be repurchased. The offer was extended on January 14, 2015 to holders of record as of February 1, 2015, with payment on February 15, 2015. Because the payment date was the same date as the next regularly scheduled interest payment, holders received the regularly scheduled interest payment and no additional accrued interest. Holders of $151 million principal amount ($138 million carrying value) of Convertible Notes accepted this offer, after which $49 million of Convertible Notes remain outstanding and will continue to accrue interest until maturity. Early repayment resulted in a $17 million loss primarily due to the remaining unamortized discount on the Convertible Notes at the time of repurchase and was recorded in February 2015. See further information regarding the change in control in Note 2.

The carrying amounts of the debt component of the Convertible Notes are as follows:

(In thousands)	March 31, 2015			December 31, 2014			March 31, 2014
Principal amount of debt component1	$	49,071		$	200,000		$	200,000
Unamortized discount	(4,913		)	(23,569		)	(32,994		)
Net carrying amount of debt component	$	44,158		$	176,431		$	167,006

¹  As of December 31, 2014 and March 31, 2014, 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 March 31, 2015 principal amount was reduced due to the repurchased Convertible Notes during the first quarter of 2015. See above for further discussion.

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

	Quarter Ended March 31,
(In thousands)	2015		2014
4.25% coupon interest	$	1,323	$	2,125
Amortization of deferred financing fees	58		117
Amortization of discount on the debt component	2,091		2,956
Total interest expense related to the Convertible Notes	$	3,472	$	5,198

ASSET-BASED LENDING FACILITY

On February 5, 2015 we replaced our existing Asset Based Lending Facility ("2013 ABL") with a new 5-year, $150 million Asset Based Lending Facility ("2015 ABL"). Existing cash was used to repay the $5 million outstanding term loan ("2013 ABL Term Loan") balance under the 2013 ABL and to pay the $3 million of financing fees associated with the 2015 ABL. Revolving availability under the 2015 ABL is based on a borrowing base calculation based on specified advance rates against the value of domestic accounts receivable, certain inventory and certain domestic machinery and equipment, with the potential for additional advances against foreign receivables. The borrowing base includes up to $19.55 million in borrowing capacity based on specified advance rates against the value of certain domestic machinery and equipment (the "Fixed Asset Sub-Line"), which Fixed Asset Sub-Line contains a re-load feature to potentially increase the sub-line to $50 million. The 2015 ABL matures on February 5, 2020. Loans under the 2015 ABL bear interest at a rate equal to LIBOR plus a margin of 1.25% to 1.75%, or Base Rate plus a margin of 0.25% to 0.75%, determined based on levels of borrowing availability reset each fiscal quarter. At March 31, 2015, the weighted average interest rate for the 2015 ABL was LIBOR plus 1.25%, or 1.43%.

Obligations under the 2015 ABL are secured by a first-priority security interest in present and future domestic receivables, inventory, equipment, and substantially all other domestic assets that are not under the first-priority security interest of the 7.875% senior secured notes due 2021 issued by the CBII and CBL on February 5, 2013, all subject to certain exceptions and permitted liens and by a second-priority interest in the existing and after acquired material domestic real estate, certain intellectual property and a pledge of 100% of the stock of substantially all of CBII's and guarantors' domestic subsidiaries and up to 65% of the stock of certain foreign subsidiaries held by CBII, CBL and the guarantors, and proceeds relating thereto.

Under the 2015 ABL, CBL and non-de minimis domestic subsidiaries are borrowers. The facility is guaranteed on a full and unconditional basis by CBII and limited domestic subsidiaries of CBII, with the potential for additional guarantees or borrowers by foreign subsidiaries of CBII.

The 2015 ABL contains a fixed charge coverage ratio covenant which only becomes applicable when availability (as defined under such facility) is less than the greater of (i) 10% of the line cap (established under such facility) and (ii) $10 million. The 2015 ABL also contains a covenant requiring CBII and its subsidiaries to maintain substantially all its cash in accounts that are subject to the control of the collateral agent under the 2015 ABL, which only becomes applicable when (a) one of certain specified event of defaults under the facility occurs and is continuing or (b) availability (as defined under such facility) is less than the greater of (i) 10% of the line cap (as defined under such facility) or (ii) $10 million, in either case (i) or (ii) for five consecutive business days. The 2015 ABL also contains other customary affirmative and negative covenants, including limitations of our ability to make distributions and pay dividends.

At March 31, 2015, we had $6 million in borrowings under the 2015 ABL, which were subsequently repaid in April 2015. We had $97 million of availability under the 2015 ABL after $25 million was used to support letters of credit.

At March 31, 2015, we were in compliance with the 2015 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 $41 million and $42 million at March 31, 2015 and March 31, 2014, respectively, of which approximately $1 million was current at each of those dates.

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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Fair Value Measurements

3 Months Ended

Mar. 31, 2015

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 March 31, 2015, December 31, 2014 and March 31, 2014

:

		Assets (Liabilities)			Fair Value Measurements Using
(In thousands)		at Fair Value			Level 1		Level 2			Level 3
March 31, 2015
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	25,052		$	—	$	25,052		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(73		)	—		(73		)	—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	(7,319		)	—		(7,319		)	—
	Net amount recorded in other current assets	17,660			—		17,660			—
March 31, 2015		$	17,660		$	—	$	17,660		$	—
December 31, 2014
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	10,215		$	—	$	10,215		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(145		)	—		(145		)	—
Net amount recorded in other current assets		10,070			—		10,070			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	14,103			—		14,103			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(438		)	—		(438		)	—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	(15,990		)	—		(15,990		)	—
Net amount recorded in accrued liabilities		(2,325		)	—		(2,325		)	—
December 31, 2014		$	7,745		$	—	$	7,745		$	—
March 31, 2014
Derivatives recorded in "Investments & other assets, net":
Currency hedge portfolio	Gross amounts of recognized assets	$	2,146		$	—	$	2,146		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(1,936		)	—		(1,936		)	—
Bunker fuel forward contracts	Gross amounts of recognized assets	373					373
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	(166		)			(166		)
Net amount recorded in investments & other assets, net		417			—		417			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	2,937			—		2,937			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(6,978		)	—		(6,978		)	—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	317			—		317			—
Bunker fuel forward contracts	Gross amounts of recognized liabilities	(1,158		)	—		(1,158		)	—
30-day euro forward contracts	Gross amounts of recognized liabilities	(162		)	—		(162		)	—
	Net amount recorded in accrued liabilities	(5,044		)	—		(5,044		)	—
March 31, 2014		$	(4,627	)	$	—	$	(4,627	)	$	—

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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Reclassifications from Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2015

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 March 31,
		2015			2014
Currency translation	Other income (expense), net	$	602		$	252
Currency hedge portfolio derivatives	Net sales	(16,978		)	1,027
Bunker fuel forward contracts	Cost of sales	8,775			(175		)
Prior service cost and recognized actuarial loss amortization related to pensions*		284			300

* 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 ended March 31, 2015 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 December 31, 2014	$	(290	)	$	7,299		$	(27,091	)	$	(20,082	)
Other comprehensive income (loss) before reclassifications	2			18,274			2,172			20,448
Amounts reclassified from accumulated other comprehensive income	602			(8,203		)	284			(7,317		)
Net current-period other comprehensive income	604			10,071			2,456			13,131
Balance at March 31, 2015	$	314		$	17,370		$	(24,635	)	$	(6,951	)

⁽¹⁾ Net of deferred tax asset of $521 thousand and $401 thousand as of March 31, 2015 and December 31, 2014, respectively.

The changes in the components of accumulated other comprehensive income, net of tax, for the quarter ended March 31, 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 December 31, 2013	$	(469	)	$	(5,654	)	$	(19,660	)	$	(25,783	)
Other comprehensive income (loss) before reclassifications	16			(1,046		)	(342		)	(1,372		)
Amounts reclassified from accumulated other comprehensive income	252			852			300			1,404
Net current-period other comprehensive income	268			(194		)	(42		)	32
Balance at March 31, 2014	$	(201	)	$	(5,848	)	$	(19,702	)	$	(25,751	)

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

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Contingency [Line Items]
Effective tax rate	(10.90%)	(32.10%)
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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Advertising and Promotion Expense (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Marketing and Advertising Expense [Abstract]
Advertising and certain promotion expenses	$ 9	$ 7

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Reclassifications from Accumulated Other Comprehensive Income - AOCI Roll Forward (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014		Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	$ (20,082)		$ (25,783)
Other comprehensive income (loss) before reclassifications	20,448		(1,372)
Amounts reclassified from accumulated other comprehensive income	(7,317)		1,404
Net current-period other comprehensive income	13,131		32
Balance at end of period	(6,951)		(25,751)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period			(469)
Other comprehensive income (loss) before reclassifications			16
Amounts reclassified from accumulated other comprehensive income			252
Net current-period other comprehensive income			268
Net unrealized losses on qualifying cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(290)		(5,654)
Other comprehensive income (loss) before reclassifications	2		(1,046)
Amounts reclassified from accumulated other comprehensive income	602		852
Net current-period other comprehensive income	604		(194)
Balance at end of period	314		(201)
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	7,299
Other comprehensive income (loss) before reclassifications	18,274
Amounts reclassified from accumulated other comprehensive income	(8,203)
Net current-period other comprehensive income	10,071
Balance at end of period	17,370		(5,848)
Net unrecognized losses related to pension and severance plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period	(27,091)	[1]	(19,660)	[2]
Other comprehensive income (loss) before reclassifications	2,172		(342)
Amounts reclassified from accumulated other comprehensive income	284		300
Net current-period other comprehensive income	2,456		(42)
Balance at end of period	(24,635)	[1]	(19,702)	[1]
Deferred Tax Liabilities, Other Comprehensive Income	$ 1		$ 0		$ 0	$ 1

[1] (1) Net of deferred tax asset of $521 thousand and $401 thousand as of March 31, 2015 and December 31, 2014, respectively.

[2] (1) Net of deferred tax liability of $271 thousand and $530 thousand as of March 31, 2014 and December 31, 2013, respectively.

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Reclassifications from Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2015

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 March 31,
		2015			2014
Currency translation	Other income (expense), net	$	602		$	252
Currency hedge portfolio derivatives	Net sales	(16,978		)	1,027
Bunker fuel forward contracts	Cost of sales	8,775			(175		)
Prior service cost and recognized actuarial loss amortization related to pensions*		284			300

* 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 ended March 31, 2015 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 December 31, 2014	$	(290	)	$	7,299		$	(27,091	)	$	(20,082	)
Other comprehensive income (loss) before reclassifications	2			18,274			2,172			20,448
Amounts reclassified from accumulated other comprehensive income	602			(8,203		)	284			(7,317		)
Net current-period other comprehensive income	604			10,071			2,456			13,131
Balance at March 31, 2015	$	314		$	17,370		$	(24,635	)	$	(6,951	)

⁽¹⁾ Net of deferred tax asset of $521 thousand and $401 thousand as of March 31, 2015 and December 31, 2014, respectively.

The changes in the components of accumulated other comprehensive income, net of tax, for the quarter ended March 31, 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 December 31, 2013	$	(469	)	$	(5,654	)	$	(19,660	)	$	(25,783	)
Other comprehensive income (loss) before reclassifications	16			(1,046		)	(342		)	(1,372		)
Amounts reclassified from accumulated other comprehensive income	252			852			300			1,404
Net current-period other comprehensive income	268			(194		)	(42		)	32
Balance at March 31, 2014	$	(201	)	$	(5,848	)	$	(19,702	)	$	(25,751	)

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

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Debt Including Capital Lease Obligations - Build-to-suit Lease (Details) (USD $)	1 Months Ended
	Jun. 30, 2012 renewal_option	Mar. 31, 2015		Dec. 31, 2014		Mar. 31, 2014
Capital Leased Assets [Line Items]
Carrying Value - Capital lease obligations		$ 41,444,000	[1]	$ 41,891,000	[1]	$ 42,477,000	[1]
Midwest [Member] | Salad production and warehousing facility
Capital Leased Assets [Line Items]
Lease term	20 years
Number of lease extensions	2
Lease extension term	5 years
Lessee Leasing Arrangements, Capital Leases, Discount Rate						6.30%
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
Carrying Value - Capital lease obligations		$ 41,000,000				$ 42,000,000

[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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Commitments and Contingencies

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

We and our subsidiaries are party to a variety of legal claims and proceedings in the ordinary course of business. Except as disclosed below, we have assessed the likelihood of these claims resulting in a material liability to be remote.    

We had an accrual of $3 million, $4 million and $4 million, related to contingencies and legal proceedings in Europe at each of March 31, 2015, December 31, 2014, and March 31, 2014, respectively. In addition, we recorded $4 million in the fourth quarter of 2014 related to a contingent reimbursement obligation related to the 2004 sale of our former Colombian operations, which was recorded in "Other income (expense), net." 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 (the "MDL Court"). We believe the plaintiffs' claims are without merit and are defending ourselves vigorously.

Between June 2011 and March 2012, the MDL Court dismissed certain of the plaintiffs' claims, but allowed the plaintiffs to move forward with other claims. An interlocutory appeal was allowed, and, in July 2014, the Eleventh Circuit reversed the MDL Court's denial of our motion to dismiss and remanded the case for entry of an order dismissing the ATS and other federal claims. In February 2015, the MDL Court entered partial final judgment in our favor, the result of which is that the only remaining claims in the ATS lawsuits are the plaintiffs’ Colombian law claims against the company and claims against certain former officers and directors of the company that were not a part of the appeal. In December 2014, the plaintiffs filed a petition for certiorari with the U.S. Supreme Court seeking review of the Eleventh Circuit decision. In April 2015, the Supreme Court denied that petition. We believe we have strong defenses to the plaintiffs' remaining claims. On March 9, 2015, the company and the individual defendants filed motions to dismiss the remaining claims in the ATS lawsuits on forum non conveniens and other grounds. Those motions are pending.

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. In January 2015, the court granted our motion in part and denied it in part, refusing to dismiss all of the ATA claims and ordering that the ATA lawsuits may proceed to discovery. In February 2015, the court issued an order setting a discovery schedule in the ATA lawsuits and a trial date of May 1, 2017. 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 March 31, 2015, 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 March 31, 2015 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	€1.1	€2.3	€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	€18.7	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 ($26 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 ($22 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.

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Merger Restructuring and planned head quarters closure (Tables)

3 Months Ended

Mar. 31, 2015

RESTRUCTURING AND PLANNED HEADQUARTERS CLOSURE [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

RESTRUCTURING AND PLANNED HEADQUARTERS CLOSURE

We announced on January 14, 2015 that all of our operational departments and remaining corporate services will be transitioned from Charlotte, North Carolina to other locations closer to customers and operations. The transition is expected to be completed over a period of twelve to eighteen months from the announcement date.

Total costs associated with the transition are anticipated to be in the range of $25 million to $40 million and are primarily related to: employee severance and relocation; the liability associated with the sub-letting or exit of our corporate headquarters office space in Charlotte; non-cash write-off of leasehold improvements and office equipment of approximately $10 million to $12 million; and the repayment of all $3 million of relocation incentives received in connection with our 2012 move to Charlotte. Severance costs will be expensed over the requisite service periods and paid when employees have completed their required service, and the relocation and other costs will be expensed and paid as incurred. The remaining liability and cost associated with the corporate office in Charlotte including potentially subletting the space, will be determined and recorded as we cease to use the space. The write-off of leasehold improvements and office equipment will be expensed over an accelerated estimated remaining life of 12-18 months. An accrual for the repayment obligation for incentives received from our 2012 relocation to Charlotte was included in our 2014 results as a component of "Transaction costs".

In January and February 2015, a reduction in force affected approximately 300 employees in Latin America. Because most of the related severance expense was included in the severance plan liabilities described in Note 9, additional expense totaled less than $1 million, which was recorded in January and February of 2015. Payments were approximately $5 million in the first quarter of 2015.

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Debt Including Capital Lease Obligations - 4.25% Convertible Senior Notes (Details) (USD $)	3 Months Ended			2 Months Ended	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014		Feb. 27, 2015	Dec. 31, 2014		Feb. 15, 2015	Feb. 05, 2015	Feb. 28, 2013	Feb. 05, 2013
Interest Expense, Debt [Abstract]
Amortization of discount on the debt component	$ 2,091,000	$ 2,956,000
Loss on debt extinguishment, unamortized discount writeoff	(36,212,000)	(521,000)
4.25% Convertible Senior Notes
Debt Instrument [Line Items]
Stated interest rate on debt instrument	4.25%	4.25%			4.25%
Conversion rate of debt into equity	0.0445524000
Conversion price (in dollars per share)	$ 22.45
Principal amount of debt component	49,000,000	200,000,000	[1]		200,000,000	[1]	200,000,000
Unamortized discount	(4,913,000)	(32,994,000)			(23,569,000)
Net carrying amount of debt component	44,158,000	167,006,000			176,431,000
Interest Expense, Debt [Abstract]
4.25% coupon interest	1,323,000	2,125,000
Amortization of deferred financing fees	58,000	117,000
Amortization of discount on the debt component	2,091,000	2,956,000
Total interest expense related to the Convertible Notes	3,472,000	5,198,000
Redemption price percentage				0.00%
Repurchased convertible notes, principal	151,000,000
Repurchased convertible notes, carrying value								138,000,000
Loss on debt extinguishment, unamortized discount writeoff				17,000,000
Senior Secured Notes, 7 Point 875 Percent, Due 2021 [Member] | Senior notes
Debt Instrument [Line Items]
Stated interest rate on debt instrument	7.875%	7.875%			7.875%				7.875%	7.875%
Principal amount of debt component									425,000,000
Interest Expense, Debt [Abstract]
Redemption price percentage	103.00%
Debt Instrument, Redemption, Cash Proceeds from Equity Offerings [Member] | Senior Secured Notes, 7 Point 875 Percent, Due 2021 [Member] | Senior notes
Interest Expense, Debt [Abstract]
Redemption price percentage	107.90%				0.00%
Loss on debt extinguishment, unamortized discount writeoff		$ 1,000,000

[1] As of December 31, 2014 and March 31, 2014, 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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Supplemental Consolidating Financial Information Condensed Statement of Cash Flows (Tables)

3 Months Ended

Mar. 31, 2015

Mar. 31, 2014

Condensed Cash Flow Statement [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Quarter ended March 31, 2015
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-Issuer)			(Co-Issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash provided (used) by:
Operating cash flow	$	(255,417	)	$	221,186		$	(2,054	)	$	1,055		$	—		$	(35,230	)
Capital expenditures	—			(94		)	(934		)	(3,559		)	—			(4,587		)
Investing activity with subsidiaries	—			(5,095		)	—			—			5,095			—
Other, net	—			—			(2		)	(233		)	—			(235		)
Investing cash flow	—			(5,189		)	(936		)	(3,792		)	5,095			(4,822		)
Issuances of long-term debt with related party	238,479			—			—			—			—			238,479
Repurchase of Convertible Notes	(146,401		)	—			—			—			—			(146,401		)
Redemption of 7.875% Notes	—			(222,117		)	—			—			—			(222,117		)
Repayments of the 2013 ABL Term Loan	—			(4,875		)	—			—			—			(4,875		)
Borrowings under the 2015 ABL	—			16,000			—			—			—			16,000
Repayments of the 2015 ABL	—			(10,000		)	—			—			—			(10,000		)
Repayments of long-term debt and capital lease obligations	—			—			(1,799		)	(93		)	—			(1,892		)
Payments for debt modification and issuance costs	—			(2,623		)	—			—			—			(2,623		)
Payment of stock-based compensation	(36,588		)	—			—			—			—			(36,588		)
Payment of dividend to related party	(45,374		)	—			—			—			—			(45,374		)
Proceeds from sale of common stock	154,836			—			—			—			—			154,836
Proceeds from capital contributions	108,046			—			—			—			—			108,046
Financing activity with subsidiaries	—			(1,975		)	5,095			1,975			(5,095		)	—
Financing cash flow	272,998			(225,590		)	3,296			1,882			(5,095		)	47,491
Increase (decrease) in cash and equivalents	17,581			(9,593		)	306			(855		)	—			7,439
Cash and equivalents, beginning of period	—			13,707			—			34,453			—			48,160
Cash and equivalents, end of period	$	17,581		$	4,114		$	306		$	33,598		$	—		$	55,599

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Quarter ended March 31, 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	$	—	$	(2,459	)	$	(889	)	$	(4,670	)	$	—		—	$	(8,018	)
Capital expenditures	—		(1,067		)	(2,244		)	(7,374		)	—				(10,685		)
Investing activity with subsidiaries1	—		(5,750		)	(2,600		)	—			8,350				—
Other, net	—		—			44			(2,763		)	—				(2,719		)
Investing cash flow	—		(6,817		)	(4,800		)	(10,137		)	8,350				(13,404		)
Redemption of 7.875% Notes	—		(10,000		)	—			—			—				(10,000		)
Borrowings under the 2013 ABL Revolver	—		20,000			—			—			—				20,000
Repayments of the 2013 ABL Revolver	—		(15,000		)	—			—			—				(15,000		)
Repayments of the 2013 ABL Term Loan	—		(375		)	—			—			—				(375		)
Repayments of long-term debt and capital lease obligations	—		—			(61		)	(15		)	—				(76		)
Payments for debt modification and issuance costs	—		(20		)	—			—			—				(20		)
Payments of debt extinguishment costs	—		(300		)	—			—			—				(300		)
Financing activity with subsidiaries1	—		—			5,750			2,600			(8,350		)		—
Financing cash flow	—		(5,695		)	5,689			2,585			(8,350		)		(5,771		)
Increase (decrease) in cash and equivalents	—		(14,971		)	—			(12,222		)	—				(27,193		)
Cash and equivalents, beginning of period	—		15,851			—			38,166			—				54,017
Cash and equivalents, end of period	$	—	$	880		$	—		$	25,944		$	—			$	26,824

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Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Current assets:
Cash and equivalents	$ 55,599	$ 48,160	$ 26,824
Trade receivables, less allowances of $16,074, $14,438 and $20,756, respectively	246,468	217,420	278,167
Other receivables, net	58,393	66,810	59,296
Inventories	209,047	197,307	212,394
Prepaid expenses	41,867	38,818	46,094
Other current assets	24,056	14,549	6,722
Total current assets	635,430	583,064	629,497
Property, plant and equipment, net	384,687	397,029	398,720
Investments and other assets, net	96,918	110,220	109,368
Trademarks	426,085	426,085	426,085
Goodwill	18,095	18,095	18,095
Other intangible assets, net	75,203	77,545	84,571
Total assets	1,636,418	1,612,038	1,666,336
Current liabilities:
Current portion of long-term debt and capital lease obligations	3,290	4,703	4,169
Accounts payable	248,455	223,286	276,557
Accrued liabilities	136,828	150,955	151,482
Due to affiliates	0		0
Total current liabilities	388,573	378,944	432,208
Long-term debt and capital lease obligations, net of current portion	283,449	637,518	635,104
Accrued pension and other employee benefits	78,364	89,381	78,502
Deferred gain - sale of shipping fleet	0	0	2,757
Deferred tax liabilities	104,275	104,365	105,977
Other liabilities	71,450	78,496	60,291
Due to Related Parties, Noncurrent	238,479	0	0
Total liabilities	1,164,590	1,288,704	1,314,839
Commitments and contingencies
Shareholders' equity:
Common stock, $.01 par value (10,679,368, 47,112,311 and 46,911,372 shares outstanding, respectively)	107	471	469
Capital surplus	1,030,076	845,392	841,293
Accumulated deficit	(551,404)	(502,447)	(464,514)
Accumulated other comprehensive loss	(6,951)	(20,082)	(25,751)
Total shareholders' equity	471,828	323,334	351,497
Total liabilities and shareholders' equity	$ 1,636,418	$ 1,612,038	$ 1,666,336

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Merger (Notes)

3 Months Ended

Mar. 31, 2015

Merger [Abstract]

Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]

TRANSACTION COSTS

In connection with the Merger Agreement and the terminated Fyffes plc. strategic combination, we incurred legal, advisory and other expenses totaling $48 million and $6 million during the quarters ended March 31, 2015 and 2014, respectively. These costs have been included in "Transaction costs" in the Condensed Consolidated Statement of Income.

Subsequent Events [Text Block]

Note 2 – Change in ownership

SHARE PURCHASE AND CHANGE IN CONTROL

On October 26, 2014, Chiquita Brands International, Inc. ("CBII" or "Chiquita") entered into an Agreement and Plan of Merger ("Merger Agreement") with Cavendish Global Limited ("Parent"), a private limited company incorporated under the laws of England and Wales, and Cavendish Acquisition Corporation ("Merger Sub"). Parent and Merger Sub are affiliates of the Cutrale and Safra Groups. Under the Merger Agreement, a Tender Offer commenced for the purchase of all shares of CBII common stock for $14.50 per share. On January 6, 2015, Merger Sub accepted for payment 39,791,364 shares that were validly tendered (not including 1,748,335 shares tendered pursuant to notices of guaranteed delivery), which represented approximately 84.46% of the outstanding shares of CBII, which triggered a change in control. Because the Parent and affiliates did not own more than 90% of the shares of CBII as a result of the Tender Offer, the Top-Up Option under the Merger agreement was exercised on January 6, 2015, whereby 41,286,271 Top-Up shares were issued at $14.50 per share in exchange for a promissory note such that Parent and affiliates controlled at least 90% of the shares of CBII. Parent then completed a short-form merger in accordance with New Jersey law, converting each share issued and outstanding into the right to receive $14.50, except for shares owned by the Parent and affiliates. Shares of CBII were delisted from public trading on the New York Stock Exchange before market open on January 7, 2015. Immediately following the short-form merger, Merger Sub merged into CBII with CBII being the surviving entity. Any treasury shares were immediately canceled and the promissory note resulting from the Top-Up Option was eliminated. Following the merger, 1,000 shares of CBII stock remained outstanding and were held by Cavendish US Corporation, a Delaware corporation and wholly owned, indirect subsidiary of Parent. All required consents to the change in control under debt agreements, leases and other matters were obtained prior to January 6, 2015, the date of the change in control.

To complete the transaction, $746 million of cash was contributed by Cavendish US Corporation to Merger Sub, from which $683 million was paid to shareholders of Chiquita, $37 million was used to pay for previously unvested stock compensation that became vested upon change in control, and the remaining $26 million became part of CBII's cash balance when Merger Sub merged with CBII.

RESTRUCTURING AND PLANNED HEADQUARTERS CLOSURE

We announced on January 14, 2015 that all of our operational departments and remaining corporate services will be transitioned from Charlotte, North Carolina to other locations closer to customers and operations. The transition is expected to be completed over a period of twelve to eighteen months from the announcement date.

Total costs associated with the transition are anticipated to be in the range of $25 million to $40 million and are primarily related to: employee severance and relocation; the liability associated with the sub-letting or exit of our corporate headquarters office space in Charlotte; non-cash write-off of leasehold improvements and office equipment of approximately $10 million to $12 million; and the repayment of all $3 million of relocation incentives received in connection with our 2012 move to Charlotte. Severance costs will be expensed over the requisite service periods and paid when employees have completed their required service, and the relocation and other costs will be expensed and paid as incurred. The remaining liability and cost associated with the corporate office in Charlotte including potentially subletting the space, will be determined and recorded as we cease to use the space. The write-off of leasehold improvements and office equipment will be expensed over an accelerated estimated remaining life of 12-18 months. An accrual for the repayment obligation for incentives received from our 2012 relocation to Charlotte was included in our 2014 results as a component of "Transaction costs".

In January and February 2015, a reduction in force affected approximately 300 employees in Latin America. Because most of the related severance expense was included in the severance plan liabilities described in Note 9, additional expense totaled less than $1 million, which was recorded in January and February of 2015. Payments were approximately $5 million in the first quarter of 2015.

TRANSACTION COSTS

In connection with the Merger Agreement and the terminated Fyffes plc. strategic combination, we incurred legal, advisory and other expenses totaling $48 million and $6 million during the quarters ended March 31, 2015 and 2014, respectively. These costs have been included in "Transaction costs" in the Condensed Consolidated Statement of Income.

INCOME TAX CONSIDERATIONS

The change in control results in certain limitations on our ability to use net operating loss carryforwards ("NOLs") in the U.S. Because we have full valuation allowances on these NOLs, these limitations do not result in income tax expense.

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Hedging - Cash Flow Hedging Instruments (Details) (Cash flow hedging instruments, USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015		Mar. 31, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivative (effective portion)	$ 18,274		$ (1,046)
Gain (loss) reclassified from accumulated OCI into income (effective portion)	8,203	[1]	(852)	[1]
Gain (loss) recognized in income on derivative (ineffective portion)	49	[1]	(321)	[1]
Currency Hedge Portfolio
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivative (effective portion)	18,427		80
Gain (loss) reclassified from accumulated OCI into income (effective portion)	16,978	[1]	(1,027)	[1]
Gain (loss) recognized in income on derivative (ineffective portion)	0	[1]	0	[1]
Bunker Fuel Forward Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivative (effective portion)	(153)		(1,126)
Gain (loss) reclassified from accumulated OCI into income (effective portion)	(8,775)	[1]	175	[1]
Gain (loss) recognized in income on derivative (ineffective portion)	$ 49	[1]	$ (321)	[1]

[1] Both the gain (loss) reclassified from "AOCI" 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	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014
Proceedings in Europe
Accrual related to contingencies and legal proceedings	$ 3	$ 4	$ 4

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Merger Income tax consideration (Tables)

3 Months Ended

Mar. 31, 2015

Income tax consideration [Abstract]

Income Taxes

INCOME TAX CONSIDERATIONS

The change in control results in certain limitations on our ability to use net operating loss carryforwards ("NOLs") in the U.S. Because we have full valuation allowances on these NOLs, these limitations do not result in income tax expense.

Income Taxes

The effective tax rates were (10.9)% and (32.1)% for the quarters ended March 31, 2015 and 2014, 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 ended March 31, 2015 and 2014 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 ended March 31, 2015 and 2014 were also impacted by our continuing to maintain a full valuation allowance on U.S. net deferred tax assets.

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 March 31, 2015, December 31, 2014 or March 31, 2014 balance sheets.

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Supplemental Consolidating Financial Information (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net sales	$ 725,331	$ 761,990
Cost of sales	622,604	685,252
Selling, general and administrative	49,401	54,391
Business Combination, Acquisition Related Costs	47,979	5,919
Depreciation	15,935	13,499
Amortization	2,342	2,341
Equity in earnings of investees	0
Operating income	(12,930)	588
Interest income	664	664
Interest expense	(9,185)	(15,468)
Loss on debt extinguishment	(36,212)	(521)
Other income (expense), net	(602)	(3,894)
Income before income taxes	(58,265)	(18,631)
Income tax benefit (expense)	(6,361)	(5,972)
Net Loss	(64,626)	(24,603)
Reportable Legal Entities [Member] | Parent Company [Member]
Net sales	0	0
Cost of sales	0	0
Selling, general and administrative	3,007	7,908
Business Combination, Acquisition Related Costs	38,044	5,919
Depreciation	0	0
Amortization	0	0
Equity in earnings of investees	3,488
Operating income	(37,563)	(13,922)
Interest income	0	0
Interest expense	(3,982)	(5,292)
Loss on debt extinguishment	(17,112)	0
Other income (expense), net	0	583
Income before income taxes	(58,265)	(18,631)
Income tax benefit (expense)	(6,361)	(5,972)
Net Loss	(64,626)	(24,603)
Reportable Legal Entities [Member] | Subsidiary Issuer [Member]
Net sales	200,352	209,044
Cost of sales	211,948	202,000
Selling, general and administrative	5,303	3,787
Business Combination, Acquisition Related Costs	4,096	0
Depreciation	5,324	1,276
Amortization	0	0
Equity in earnings of investees	53,968
Operating income	27,649	9,546
Interest income	0	2
Interest expense	(4,404)	(9,231)
Loss on debt extinguishment	(19,100)	(521)
Other income (expense), net	0	109
Income before income taxes	3,488	(95)
Income tax benefit (expense)	(67)	(343)
Net Loss	3,421	(438)
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Net sales	295,017	293,273
Cost of sales	254,039	262,872
Selling, general and administrative	17,385	22,172
Business Combination, Acquisition Related Costs	4,620	0
Depreciation	5,679	6,199
Amortization	2,335	2,335
Equity in earnings of investees	1
Operating income	10,960	(3,778)
Interest income	0	33
Interest expense	(676)	(884)
Loss on debt extinguishment	0	0
Other income (expense), net	0	(451)
Income before income taxes	10,168	(5,080)
Income tax benefit (expense)	(4,424)	1,968
Net Loss	5,744	(3,112)
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Net sales	472,777	502,259
Cost of sales	399,219	462,579
Selling, general and administrative	23,706	20,524
Business Combination, Acquisition Related Costs	1,219	0
Depreciation	4,932	6,024
Amortization	7	6
Equity in earnings of investees	0
Operating income	43,694	13,126
Interest income	664	629
Interest expense	(123)	(61)
Loss on debt extinguishment	0	0
Other income (expense), net	(602)	(4,522)
Income before income taxes	43,801	9,172
Income tax benefit (expense)	(712)	(914)
Net Loss	43,089	8,258
Consolidation, Eliminations [Member]
Net sales	(242,815)	(242,586)
Cost of sales	(242,602)	(242,199)
Selling, general and administrative	0	0
Business Combination, Acquisition Related Costs	0	0
Depreciation	0	0
Amortization	0	0
Equity in earnings of investees	(57,457)
Operating income	(57,670)	(4,384)
Interest income	0	0
Interest expense	0	0
Loss on debt extinguishment	0	0
Other income (expense), net	0	387
Income before income taxes	(57,457)	(3,997)
Income tax benefit (expense)	5,203	(711)
Net Loss	$ (52,254)	$ (4,708)

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Supplemental Consolidating Financial Information Condensed Statement of Income (Tables)

3 Months Ended

Mar. 31, 2015

Mar. 31, 2014

Condensed Income Statement [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Quarter Ended March 31, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	209,044		$	293,273		$	502,259		$	(242,586	)	$	761,990
Cost of sales	—			202,000			262,872			462,579			(242,199		)	685,252
Selling, general and administrative	7,908			3,787			22,172			20,524			—			54,391
Transaction Costs	5,919			—			—			—			—			5,919
Depreciation	—			1,276			6,199			6,024			—			13,499
Amortization	—			—			2,335			6			—			2,341
Equity in losses of investees	95			(7,565		)	3,473			—			3,997			—
Operating income (loss)	(13,922		)	9,546			(3,778		)	13,126			(4,384		)	588
Interest income	—			2			33			629			—			664
Interest expense	(5,292		)	(9,231		)	(884		)	(61		)	—			(15,468		)
Loss on debt extinguishment	—			(521		)	—			—			—			(521		)
Other income (expense), net	583			109			(451		)	(4,522		)	387			(3,894		)
Income (loss) before income taxes	(18,631		)	(95		)	(5,080		)	9,172			(3,997		)	(18,631		)
Income tax expense	(5,972		)	(343		)	1,968			(914		)	(711		)	(5,972		)
Net income (loss)	$	(24,603	)	$	(438	)	$	(3,112	)	$	8,258		$	(4,708	)	$	(24,603	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Operations (Unaudited)
Quarter Ended March 31, 2015
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	200,352		$	295,017		$	472,777		$	(242,815	)	$	725,331
Cost of sales	—			211,948			254,039			399,219			(242,602		)	622,604
Selling, general and administrative	3,007			5,303			17,385			23,706			—			49,401
Transaction costs	38,044			4,096			4,620			1,219			—			47,979
Depreciation	—			5,324			5,679			4,932			—			15,935
Amortization	—			—			2,335			7			—			2,342
Equity in losses (earnings) of investees and subsidiaries	(3,488		)	(53,968		)	(1		)	—			57,457			—
Operating income (loss)	(37,563		)	27,649			10,960			43,694			(57,670		)	(12,930		)
Interest income	—			—			—			664			—			664
Interest expense	(3,982		)	(4,404		)	(676		)	(123		)	—			(9,185		)
Loss on debt extinguishment	(17,112		)	(19,100		)	—			—			—			(36,212		)
Other income (expense), net	—			—			—			(602		)	—			(602		)
Intercompany interest and other	392			(657		)	(116		)	168			213			—
Income (loss) before income taxes	(58,265		)	3,488			10,168			43,801			(57,457		)	(58,265		)
Income tax expense	(6,361		)	(67		)	(4,424		)	(712		)	5,203			(6,361		)
Net income (loss)	$	(64,626	)	$	3,421		$	5,744		$	43,089		$	(52,254	)	$	(64,626	)

XML

Segment Information

3 Months Ended

Mar. 31, 2015

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 March 31,
(In thousands)	2015			2014
Net sales:
Bananas	$	471,003		$	501,531
Salads and Healthy Snacks	230,233			229,611
Other Produce	24,095			30,848
	$	725,331		$	761,990
Operating income (loss):
Bananas	$	28,577		$	20,689
Salads and Healthy Snacks	10,901			(3,485		)
Other Produce	2,042			95
Corporate costs1	(54,450		)	(16,711		)
	$	(12,930	)	$	588

¹  Includes $48 million and $6 million of transaction costs for the quarters ended March 31, 2015 and 2014, respectively, related to the Merger Agreement and the terminated Fyffes plc. strategic combination.