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 June 30, 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 August 12, 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 Income	4
Condensed Consolidated Balance Sheets	5
Condensed Consolidated Statements of Cash Flow	6
Notes to Condensed Consolidated Financial Statements	7
Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations	39
Item 3 - Quantitative and Qualitative Disclosures About Market Risk	47
Item 4 - Controls and Procedures	48
PART II - Other Information
Item 1 - Legal Proceedings	49
Item 1A - Risk Factors	49
Item 6 - Exhibits	49
Signature	50

PART I – Financial Information

Item 1 – Financial Statements

Chiquita Brands International, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

	Quarter Ended June 30,						Six Months Ended June 30,
(In thousands)	2015			2014			2015			2014
Net sales	$	776,647		$	825,847		$	1,501,978		$	1,587,837
Cost of sales	638,240			716,307			1,260,851			1,401,559
Selling, general and administrative	41,481			54,955			90,882			109,346
Transaction costs	11,661			2,753			59,640			8,672
Depreciation	12,951			13,089			28,886			26,588
Amortization	2,342			2,342			4,684			4,683
Equity in earnings of investees	(176		)	(332		)	(183		)	(332		)
Operating income	70,148			36,733			57,218			37,321
Interest income	638			641			1,302			1,305
Interest expense	(9,381		)	(15,299		)	(18,566		)	(30,767		)
Loss on debt extinguishment	—			—			(36,212		)	(521		)
Other income (expense), net	(953		)	(242		)	(1,555		)	(4,136		)
Income before income taxes	60,452			21,833			2,187			3,202
Income tax expense	(864		)	(3,997		)	(7,225		)	(9,969		)
Net income (loss)	$	59,588		$	17,836		$	(5,038	)	$	(6,767	)

See Notes to Condensed Consolidated Financial Statements.

3

Chiquita Brands International, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)

	Quarter Ended June 30,						Six Months Ended June 30,
(In thousands)	2015			2014			2015			2014
Net income (loss)	$	59,588		$	17,836		$	(5,038	)	$	(6,767	)
Unrealized foreign currency translation gains (losses)	—			(1		)	2			15
Realized (gains) losses for foreign currency translation on business disposal reclassified into Other income (expense), net	(43		)	—			559			252
Net other comprehensive income (loss) related to foreign currency translation	(43		)	(1		)	561			267
Unrealized gains (losses) on derivatives for the period	(2,270		)	4,441			16,004			3,395
Derivative (gains) losses reclassified into Net sales	(13,829		)	1,020			(30,807		)	2,047
Derivative (gains) losses reclassified into Cost of sales	3,465			(61		)	12,240			(236		)
Net other comprehensive income (loss) related to derivatives	(12,634		)	5,400			(2,563		)	5,206
Actuarial gains (losses) for the period, net of $0, $0, $120 and $259, respectively, of income tax benefit	1,095			(563		)	3,267			(905		)
Amortization included in pension cost	315			296			599			596
Net other comprehensive income (loss) related to defined benefit pension and severance plans	1,410			(267		)	3,866			(309		)
	(11,267		)	5,132			1,864			5,164
Comprehensive income (loss)	$	48,321		$	22,968		$	(3,174	)	$	(1,603	)

See Notes to Condensed Consolidated Financial Statements.

4

Chiquita Brands International, Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

(In thousands)	June 30, 2015			December 31, 2014			June 30, 2014
ASSETS
Current assets:
Cash and equivalents	$	145,295		$	48,160		$	54,513
Trade receivables, less allowances of $17,529, $14,438 and $19,545, respectively	246,324			217,420			271,895
Other receivables, net	60,535			66,810			60,575
Inventories	205,632			197,307			211,311
Prepaid expenses	39,765			38,818			39,139
Other current assets	11,820			14,549			7,396
Total current assets	709,371			583,064			644,829
Property, plant and equipment, net	377,570			397,029			399,862
Investments and other assets, net	97,057			110,220			109,747
Trademarks	426,085			426,085			426,085
Goodwill	18,095			18,095			18,095
Other intangible assets, net	72,861			77,545			82,229
Total assets	$	1,701,039		$	1,612,038		$	1,680,847
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	3,263		$	4,703		$	4,610
Accounts payable	271,887			223,286			251,579
Accrued liabilities	155,574			150,955			169,261
Total current liabilities	430,724			378,944			425,450
Long-term debt and capital lease obligations, net of current portion	277,957			637,518			632,492
Accrued pension and other employee benefits	77,125			89,381			80,274
Deferred tax liabilities	100,198			104,365			106,784
Other liabilities	72,242			78,496			59,593
Long-term related parties debt	238,479			—			—
Total liabilities	1,196,725			1,288,704			1,304,593
Commitments and contingencies
Shareholders' equity:
Common stock, $.01 par value (10,679,368, 47,112,311 and 46,916,600 shares outstanding, respectively)	107			471			469
Capital surplus	1,014,241			845,392			843,082
Accumulated deficit	(491,816		)	(502,447		)	(446,678		)
Accumulated other comprehensive loss	(18,218		)	(20,082		)	(20,619		)
Total shareholders' equity	504,314			323,334			376,254
Total liabilities and shareholders' equity	$	1,701,039		$	1,612,038		$	1,680,847

See Notes to Condensed Consolidated Financial Statements.

5

Chiquita Brands International, Inc.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited)

	Six Months Ended June 30,
(In thousands)	2015			2014
Cash provided (used) by:
OPERATIONS
Net loss	$	(5,038	)	$	(6,767	)
Depreciation and amortization	33,570			31,271
Noncash portion of loss on debt extinguishment	22,735			521
Repayment of original issuance discounts	(6,161		)	—
Reserve for trade receivables	4,238			—
Amortization of discount on Convertible Notes	2,935			6,003
Amortization of gain on sale of the shipping fleet	—			(6,290		)
Stock-based compensation	16,165			3,419
Changes in current assets and liabilities and other	16,780			10,026
Operating cash flow	85,224			38,183
INVESTING
Capital expenditures	(10,443		)	(25,322		)
Other, net	(212		)	(978		)
Investing cash flow	(10,655		)	(26,300		)
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	—			24,000
Repayments of the 2013 ABL Revolver	—			(24,000		)
Repayments of the 2013 ABL Term Loan	(4,875		)	(750		)
Borrowings under the 2015 ABL	16,000			—
Repayments of the 2015 ABL	(16,000		)	—
Repayments of long-term debt and capital lease obligations	(2,367		)	(146		)
Payments for debt modification and issuance costs	(2,631		)	(191		)
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	89,604			—
Advance from related party	18,445			—
Repayment of advance from related party	(18,445		)	—
Financing cash flow	22,566			(11,387		)
Increase (decrease) in cash and equivalents	97,135			496
Cash and equivalents, beginning of period	48,160			54,017
Cash and equivalents, end of period	$	145,295		$	54,513

See Notes to Condensed Consolidated Financial Statements.

6

Chiquita Brands International, Inc.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

Note 1 – Basis of Presentation

The accompanying interim financial statements of Chiquita Brands International, Inc., which we refer to as Chiquita, the company, we or us, have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in our Form 10-K for year ended December 31, 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 (now known as Chiquita Holdings Ltd., "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 (now known as Chiquita US Corporation, "Chiquita US"), 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 Chiquita US, 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. As of June 30, 2015, approximately $26 million had been incurred related to the transition. 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

7

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."

TRANSACTION COSTS

In connection with the Merger Agreement and the terminated Fyffes plc. strategic combination, we incurred legal, advisory and other expenses totaling $12 million and $3 million for the quarters ended June 30, 2015 and 2014, respectively and $60 million and $9 million for the six months ended June 30, 2015 and 2014, respectively.

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 second quarter of 2015, we finalized the closure of a dormant distribution business in Singapore for an immaterial amount, which was recorded in "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.

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 $6 million, $8 million and $12 million of "Trade receivables, less allowances" on the Condensed Consolidated Balance Sheet as of June 30, 2015, December 31, 2014 and June 30, 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, an additional $2 million in 2013, and another $2 million in 2015 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:

	June 30, 2015					December 31, 2014					June 30, 2014
(In thousands)	Grower Receivables			Seller Financing		Grower Receivables			Seller Financing		Grower Receivables			Seller Financing
Gross receivable	$	32,437		$	23,491	$	36,089		$	25,629	$	34,012		$	25,327
Reserve	(31,660		)	—		(32,074		)	—		(32,777		)	—
Net receivable	$	777		$	23,491	$	4,015		$	25,629	$	1,235		$	25,327
Current portion, net	$	777		$	4,928	$	4,015		$	4,740	$	1,235		$	4,148
Long-term portion, net	—			18,563		—			20,889		—			21,179
Net receivable	$	777		$	23,491	$	4,015		$	25,629	$	1,235		$	25,327

8

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

During the six months ended June 30, 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 June 30, 2015, payments are current on this note receivable.

Note 5 – Inventories

Inventories consist of the following:

(In thousands)	June 30, 2015		December 31, 2014		June 30, 2014
Finished goods	$	70,155	$	65,084	$	69,411
Growing crops	76,702		75,412		74,356
Raw materials, supplies and other	58,775		56,811		67,544
	$	205,632	$	197,307	$	211,311

Note 6 – Debt including Capital Lease Obligations

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

	June 30, 2015					December 31, 2014					June 30, 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	$	190,277		$	205,000	$	412,483		$	447,000	$	412,325		$	455,000
4.25% Convertible Senior Notes due 2016	45,002			45,000		176,431			200,000		170,053			200,000
2013 ABL Term Loan	—			—		4,875			4,800		5,625			5,000
Capital lease obligations2	40,970			40,900		41,891			41,800		42,558			42,000
Other debt	4,971			4,900		6,541			6,500		6,541			6,000
Less current portion	(3,263		)			(4,703		)			(4,610		)
Total long-term debt and capital lease obligations	$	277,957				$	637,518				$	632,492

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 costs 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

9

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. This offer was made but no notes were tendered.

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 have tendered 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)	June 30, 2015			December 31, 2014			June 30, 2014
Principal amount of debt component1	$	49,071		$	200,000		$	200,000
Unamortized discount	(4,069		)	(23,569		)	(29,947		)
Net carrying amount of debt component	$	45,002		$	176,431		$	170,053

¹  As of December 31, 2014 and June 30, 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 June 30, 2015 principal amount was reduced due to the repurchased Convertible Notes during the first quarter of 2015. See above for further discussion.

10

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

	Quarter Ended June 30,				Six Months Ended June 30,
(In thousands)	2015		2014		2015		2014
4.25% coupon interest	$	522	$	2,125	$	1,845	$	4,250
Amortization of deferred financing fees	28		117		86		235
Amortization of discount on the debt component	844		3,046		2,935		6,003
Total interest expense related to the Convertible Notes	$	1,394	$	5,288	$	4,866	$	10,488

RELATED PARTY LOAN

In connection with the partial extinguishment of the 7.875% Notes and the Convertible Notes as described above, CBII entered into a related party loan that totaled $238 million with its shareholder Chiquita US, as further discussed in Note 16.

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 June 30, 2015, the weighted average interest rate for the 2015 ABL was LIBOR plus 1.25%, or 1.44%.

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% Notes, 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 June 30, 2015, we had no borrowings under the 2015 ABL. We had $93 million of availability under the 2015 ABL after $25 million was used to support letters of credit.

At June 30, 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. As of April 1, 2015 an interest rate of 6.4% is used to calculate the capital lease liability and future payments. Lease payments increase annually based on CPI. The total liability related to this facility was $41 million, $41 million and $42 million at June 30, 2015, December 31, 2014 and June 30, 2014, respectively, of which approximately $1 million was current at each of those dates.

11

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 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 six months ended June 30, 2015. These 30-day euro forward contracts are not designated as hedging instruments, and gains and losses on these forward contracts were recognized in "Cost of sales" as follows:

	Quarter ended June 30,					Six months ended June 30,
(In thousands)	2015		2014			2015			2014
Gains (losses) on 30-day euro forward contracts	N/A		$	471		N/A			$	259
Gains (losses) from fluctuations in the value of the net monetary assets exposed to euro exchange rates	$	3,602	(1,595		)	$	(7,342	)	(3,946		)

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.

12

At June 30, 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	€34 million	$1.34/€	2015
Sold euro call options	€34 million	$1.39/€	2015
3.5% Rotterdam Barge fuel derivatives:
Bunker fuel forward contracts	12,700 mt	$549/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	)
Realized (gains) losses included in net income	(13,659		)	3,465			1,414			(61		)
Purchases (sales), net 2	—			—			—			—
Changes in fair value	(3,636		)	1,044			1,906			1,641
Balance at June 30	$	7,684		$	(2,810	)	$	(511	)	$	946

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.

Deferred net gains (losses) in "Accumulated other comprehensive income (loss)" at June 30, 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	$	7,535	$	(2,799	)	$	4,736

13

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

	Quarter ended June 30, 2015									Quarter ended June 30, 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)	$	(3,296	)	$	1,026		$	(2,270	)	$	2,694		$	1,747		$	4,441
Gain (loss) reclassified from accumulated OCI into income (effective portion)1	13,829			(3,465		)	10,364			(1,020		)	61			(959		)
Loss recognized in income on derivative (ineffective portion)1	—			18			18			—			(107		)	(107		)

	Six months ended June 30, 2015							Six months ended June 30, 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)	$	15,131	$	873		$	16,004	$	2,774		$	621		$	3,395
Gain (loss) reclassified from accumulated OCI into income (effective portion)1	30,807		(12,240		)	18,567		(2,047		)	236			(1,811		)
Loss recognized in income on derivative (ineffective portion)1	—		67			67		—			(428		)	(428		)

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.

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 June 30, 2015, December 31, 2014 and June 30, 2014:

14

		Assets (Liabilities)			Fair Value Measurements Using
(In thousands)		at Fair Value			Level 1		Level 2			Level 3
June 30, 2015
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	6,226		$	—	$	6,226		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(2		)	—		(2		)	—
	Net amount recorded in other current assets	6,224			—		6,224			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	1,460			—		1,460			—
Bunker fuel forward contracts	Gross amounts of recognized liabilities	(2,810		)	—		(2,810		)	—
Net amount recorded in accrued liabilities		(1,350		)	—		(1,350		)	—
June 30, 2015		$	4,874		$	—	$	4,874		$	—
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		$	—
June 30, 2014
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	1,259		$	—	$	1,259		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(1,171		)	—		(1,171		)	—
Bunker fuel forward contracts	Gross amounts of recognized assets	830			—		830			—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	(14		)	—		(14		)	—
30-day euro forward contracts	Gross amounts offset in the balance sheet	(84		)	—		(84		)	—
Net amount recorded in other current assets		820			—		820			—
Derivatives recorded in "Investments & other assets, net":
Bunker fuel forward contracts	Gross amounts of recognized assets	293					293
Net amount recorded in investments & other assets, net		293			—		293			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	2,482			—		2,482			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(3,081		)	—		(3,081		)	—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	322			—		322			—
Bunker fuel forward contracts	Gross amounts of recognized liabilities	(476		)	—		(476		)	—
30-day euro forward contracts	Gross amounts of recognized liabilities	(254		)	—		(254		)	—
	Net amount recorded in accrued liabilities	(1,007		)	—		(1,007		)	—
Derivatives recorded in "Other liabilities":
Bunker fuel forward contracts	Gross amounts of recognized liabilities	(10		)			(10		)
Net amount recorded in other liabilities		(10		)	—		(10		)	—
June 30, 2014		$	96		$	—	$	96		$	—

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

15

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.

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 June 30,						Six Months Ended June 30,
(In thousands)	2015			2014			2015			2014
Service cost	$	1,957		$	1,855		$	3,915		$	3,710
Interest on projected benefit obligation	1,294			1,440			2,641			2,830
Expected return on plan assets	(169		)	(341		)	(497		)	(671		)
Recognized actuarial loss	283			264			535			532
Amortization of prior service cost	32			32			64			64
Defined benefit and severance plan expense	$	3,397		$	3,250		$	6,658		$	6,465

16

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 June 30,						(Income) / expense reclassified from AOCI for the six months ended June 30,
		2015			2014			2015			2014
Currency translation	Other income (expense), net	$	(43	)	$	—		$	559		$	252
Currency hedge portfolio derivatives	Net sales	(13,829		)	1,020			(30,807		)	2,047
Bunker fuel forward contracts	Cost of sales	3,465			(61		)	12,240			(236		)
Prior service cost and recognized actuarial loss amortization related to pensions*		315			296			599			596

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

The changes in the components of accumulated other comprehensive income, net of tax, for the quarter and six months ended June 30, 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 March 31, 2015	$	314		$	17,370		$	(24,635	)	$	(6,951	)
Other comprehensive income (loss) before reclassifications	—			(2,270		)	1,095			(1,175		)
Amounts reclassified from accumulated other comprehensive income	(43		)	(10,364		)	315			(10,092		)
Net current-period other comprehensive income	(43		)	(12,634		)	1,410			(11,267		)
Balance at June 30, 2015	$	271		$	4,736		$	(23,225	)	$	(18,218	)

(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			16,004			3,267			19,273
Amounts reclassified from accumulated other comprehensive income	559			(18,567		)	599			(17,409		)
Net current-period other comprehensive income	561			(2,563		)	3,866			1,864
Balance at June 30, 2015	$	271		$	4,736		$	(23,225	)	$	(18,218	)

⁽¹⁾ Net of deferred tax asset of $521 thousand, $521 thousand and $401 thousand as of June 30, 2015, March 31, 2015 and December 31, 2014, respectively.

17

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

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Net unrecognized losses related to pension and severance plans (1)			Total
Balance at March 31, 2014	$	(201	)	$	(5,848	)	$	(19,702	)	$	(25,751	)
Other comprehensive income (loss) before reclassifications	(1		)	4,441			(563		)	3,877
Amounts reclassified from accumulated other comprehensive income	—			959			296			1,255
Net current-period other comprehensive income	(1		)	5,400			(267		)	5,132
Balance at June 30, 2014	$	(202	)	$	(448	)	$	(19,969	)	$	(20,619	)

(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	15			3,395			(905		)	2,505
Amounts reclassified from accumulated other comprehensive income	252			1,811			596			2,659
Net current-period other comprehensive income	267			5,206			(309		)	5,164
Balance at June 30, 2014	$	(202	)	$	(448	)	$	(19,969	)	$	(20,619	)

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

Note 11 – Income Taxes

The effective tax rates were 1.4% and 18.3% for the quarters ended June 30, 2015 and 2014, respectively and 330.4% and 311.3% for the six months ended June 30, 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 and six months ended June 30, 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 and six months ended June 30, 2015 and 2014 were also impacted by our continuing to maintain a full valuation allowance on U.S. net deferred tax assets.

We believe that it is reasonably possible that the amount of unrecognized income tax benefits and interest may decrease during the next 12 months by approximately $5 million related to the expiration of statutes of limitations, of which $5 million would reduce income tax expense.

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 June 30, 2015, December 31, 2014 or June 30, 2014 balance sheets. In July 2015, we entered into discussions with the tax authority in Ecuador and expect to favorably resolve this matter in the third quarter of 2015.

18

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 $7 million for each of the quarters ended June 30, 2015 and 2014, and were $16 million and $15 million for the six months ended June 30, 2015 and 2014, respectively.

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 or other applicable agreements. The change-in-control vesting resulted in a total payout of $37 million during the quarter ended March 31, 2015. There has been no additional stock compensation expense for the quarter ended June 30, 2015 and stock-based compensation expense totaled $1 million for the quarter ended June 30, 2014. Stock-based compensation expense for the for the six months ended June 30, 2015 and 2014 totaled $16 million and $4 million, respectively. The stock plan was terminated in August 2015. See Note 2 for further details regarding the change in control.

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 June 30,						Six Months Ended June 30,
(In thousands)	2015			2014			2015			2014
Net sales:
Bananas	$	502,194		$	537,340		$	973,198		$	1,038,871
Salads and Healthy Snacks	248,108			249,317			478,341			478,928
Other Produce	26,345			39,190			50,439			70,038
	$	776,647		$	825,847		$	1,501,978		$	1,587,837
Operating income (loss):
Bananas1,4	$	65,984		$	43,332		$	94,561		$	64,021
Salads and Healthy Snacks2,4	27,818			7,227			38,719			3,742
Other Produce4	2,179			30			4,222			125
Corporate costs3,4	(25,833		)	(13,856		)	(80,284		)	(30,567		)
	$	70,148		$	36,733		$	57,218		$	37,321

¹  Includes $5 million of cost related to the changeover of vessels at the end of the leases and a$1 million gain on the sale of a ripening facility in Europe in the second quarter of 2014.

²  Includes $2 million of cost in the second quarter of 2014 related to inventory and equipment write downs and severance expense related to product resizing, product discontinuation and overhead savings initiatives.    

³  Includes $12 million and $3 million of transaction costs for the quarters ended June 30, 2015 and 2014, and $60 million and $9 million of transaction costs for the six months ended June 30, 2015 and 2014, respectively, related to the Merger Agreement and the terminated Fyffes plc. strategic combination.

⁴  Includes a reclassification of less than $1 million of transaction costs not properly classified as of March 31, 2015 and included in the Bananas segment, less than $1 million in Other Produce segment. and $3 million in Salads and Healthy Snacks segment, aggregating to $4 million which should have been included in Corporate costs.

19

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 June 30, 2015, December 31, 2014, and June 30, 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. 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

20

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 June 30, 2015, National Union had paid us $12 million as reimbursement for defense costs. This sum, and an additional $2 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 had 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.

21

In May 2015 the authorities appealed to the Supreme Court. Chiquita Italia opposed and filed a counter-recourse to the Supreme Court in June 2015. In Aosta, Chiquita Italia lost at the trial level and appealed. The appeal court issued a negative decision in May 2015 and Chiquita Italia has until June 2016 to file an appeal to the Court of Cassation. 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 June 30, 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.

The above investigation gave rise to consequences for criminal tax/customs purposes, corporate income tax and VAT purposes and customs duties purposes. As to the criminal ramifications, 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.

As to corporate income tax and VAT, tax authorities issued assessment notices for 2004 and 2005 denying the deduction of the costs related to the purchase of the products as well as the relevant VAT which were appealed before the first level Rome tax court. In June 2011, the court rejected our appeal for the 2004 assessment. Chiquita Italia appealed this decision and, in October 2012, the appeals court ruled in favor of Chiquita Italia with respect to 2004 claims for both corporate income tax and VAT. Following the decision for 2004, the challenge related to corporate income tax for 2005 was withdrawn by the tax

22

authorities, while the VAT claims were confirmed by the Regional Tax Court. The case is currently pending before the Court of Cassation, the highest level of appeal in Italy.

 As to Custom Duties, custom authorities have issued assessments requesting the payment of the duties for importations made in 2004 and 2005. Chiquita Italia's appeals of these customs assessments were rejected by both the first level Rome tax court and the regional court. Chiquita Italia has appealed the decisions to the Court of Cassation.

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/or Penalties Assessed (In millions)	Total Assessment (In millions)	Deposits Paid Pending Appeal (In millions)
Income Tax/VAT Assessment for 2004/2005	€12.0	€19.1	€31.1	€1.2	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	€19.7	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 ($23 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

23

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 Chiquita US. At June 30, 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 1.19% at current rates, for the first two years and thereafter at LIBOR plus 500 basis points, or 5.19% 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 June 30, 2015, we had a balance of $1 million in Accrued Liabilities representing obligations to Chiquita US arising in the normal course of business. In addition we had a balance of $2 million in Accounts Payable related to consulting services provided by members of other entities affiliated with the Cutrale Group. These expenses are expected to be paid in the third quarter of 2015.

In addition to the debt activity with its shareholder as described above, as part of the Merger and capital contribution transactions during the first quarter of 2015, CBII paid a dividend to Chiquita US in the amount of $45 million, and Chiquita US provided an advance to CBII in the amount of $18 million. The advance was used to pay prior obligations of Chiquita US in the second quarter of 2015.

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
Simplifying the cost of Inventory	July 2015 ASU 2015-11	Modifies the measurement of inventory, excluding inventory measured using LIFO, to be reported at the lower of cost or net realizable value.	Financial statements for fiscal years after December 15, 2016.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, 2017. We will continue to evaluate the effect of the new standard moving forward.
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.

24

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 the first quarter of 2018. Early adoption is 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.

25

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 June 30, 2015
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	209,558		$	311,234		$	508,988		$	(253,133	)	$	776,647
Cost of sales	—			223,889			264,030			403,342			(253,021		)	638,240
Selling, general and administrative	1,550			7,323			12,731			20,128			(251		)	41,481
Transaction costs	1,459			3,913			5,833			456			—			11,661
Depreciation	—			2,712			5,578			4,661			—			12,951
Amortization	—			—			2,336			6			—			2,342
Equity in losses (earnings) of investees and subsidiaries	(45,780		)	(100,420		)	105			(176		)	146,095			(176		)
Operating income (loss)	42,771			72,141			20,621			80,571			(145,956		)	70,148
Interest income	—			—			—			638			—			638
Interest expense	(2,319		)	(6,284		)	(673		)	(105		)	—			(9,381		)
Other income (expense), net	—			—			—			(953		)	—			(953		)
Intercompany interest and other	20,000			(20,077		)	204			12			(139		)	—
Income (loss) before income taxes	60,452			45,780			20,152			80,163			(146,095		)	60,452
Income tax benefit (expense)	(864		)	(3,387		)	(7,645		)	(2,229		)	13,261			(864		)
Net income (loss)	$	59,588		$	42,393		$	12,507		$	77,934		$	(132,834	)	$	59,588

26

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Quarter Ended June 30, 2015
(in thousands)
	CBII			CBLLC			Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	59,588		$	42,393		$	12,507	$	77,934		$	(132,834	)	$	59,588
Other comprehensive income (loss), net of tax where applicable:
Unrealized foreign currency translation gains	—			—			—		—			—			—
Realized (gains) losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—			—		(43		)	—			(43		)
Net other comprehensive income (loss) related to foreign currency translation	—			—			—		(43		)	—			(43		)
Unrealized gains (losses) on derivatives for the period	—			—			—		(2,270		)	—			(2,270		)
Derivative gains reclassified into Net sales	—			—			—		(13,829		)	—			(13,829		)
Derivative losses reclassified into Cost of sales	—			—			—		3,465			—			3,465
Net other comprehensive income related to derivatives	—			—			—		(12,634		)	—			(12,634		)
Actuarial gains (losses) for the period, net of tax	—			1,112			—		(17		)	—			1,095
Amortization included in pension cost	—			135			—		180			—			315
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			1,247			—		163			—			1,410
Other comprehensive income (loss) of investments in subsidiaries	(11,267		)	(12,514		)	—		—			23,781			—
Comprehensive income (loss)	$	48,321		$	31,126		$	12,507	$	65,420		$	(109,053	)	$	48,321

27

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Quarter Ended June 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	225,172		$	318,525		$	538,098		$	(255,948	)	$	825,847
Cost of sales	—			217,303			276,824			478,105			(255,925		)	716,307
Selling, general and administrative	7,580			4,724			21,644			21,007			—			54,955
Transaction Costs	2,753			—			—			—			—			2,753
Depreciation	—			1,094			6,819			5,176			—			13,089
Amortization	—			—			2,336			6			—			2,342
Equity in losses of investees	(37,463		)	(44,600		)	778			(332		)	81,285			(332		)
Operating income (loss)	27,130			46,651			10,124			34,136			(81,308		)	36,733
Interest income	—			—			1			640			—			641
Interest expense	(5,295		)	(9,175		)	(683		)	(146		)	—			(15,299		)
Other income (expense), net	(2		)	(13		)	84			(334		)	23			(242		)
Income (loss) before income taxes	21,833			37,463			9,526			34,296			(81,285		)	21,833
Income tax expense	(3,997		)	(6,069		)	(3,728		)	(2,491		)	12,288			(3,997		)
Net income (loss)	$	17,836		$	31,394		$	5,798		$	31,805		$	(68,997	)	$	17,836

28

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Quarter Ended June 30, 2014
(in thousands)
	CBII		CBLLC			Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)		(Co-issuer)			Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	17,836	$	31,394		$	5,798	$	31,805		$	(68,997	)	$	17,836
Unrealized foreign currency translation gains	—		—			—		(1		)	—			(1		)
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—		—			—		—			—			—
Net other comprehensive income related to foreign currency translation	—		—			—		(1		)	—			(1		)
Unrealized losses on derivatives for the period	—		—			—		4,441			—			4,441
Derivative losses reclassified into Net sales	—		—			—		1,020			—			1,020
Derivative gains reclassified into Cost of sales	—		—			—		(61		)	—			(61		)
Net other comprehensive loss related to derivatives	—		—			—		5,400			—			5,400
Actuarial losses for the period, net of tax	—		(564		)	—		1			—			(563		)
Amortization included in pension cost	—		102			—		194			—			296
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—		(462		)	—		195			—			(267		)
Other comprehensive income (loss) of investments in subsidiaries	5,132		5,594			—		—			(10,726		)	—
Comprehensive income (loss)	$	22,968	$	36,526		$	5,798	$	37,399		$	(79,723	)	$	22,968

29

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Six Months Ended June 30, 2015
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	409,911		$	606,250		$	981,765		$	(495,948	)	$	1,501,978
Cost of sales	—			435,837			518,069			802,568			(495,623		)	1,260,851
Selling, general and administrative	4,557			12,626			29,967			43,834			(102		)	90,882
Transaction Costs	39,503			8,009			10,453			1,675			—			59,640
Depreciation	—			8,036			11,257			9,593			—			28,886
Amortization	—			—			4,671			13			—			4,684
Equity in losses of investees	(49,268		)	(154,388		)	104			(183		)	203,552			(183		)
Operating income (loss)	5,208			99,791			31,729			124,265			(203,775		)	57,218
Interest income	—			—			—			1,302			—			1,302
Interest expense	(6,301		)	(10,689		)	(1,349		)	(227		)	—			(18,566		)
Loss on debt extinguishment	(17,112		)	(19,100		)	—			—			—			(36,212		)
Other income (expense), net	—			—			—			(1,555		)	—			(1,555		)
Intercompany interest and other	20,392			(20,734		)	(61		)	180			223			—
Income (loss) before income taxes	2,187			49,268			30,319			123,965			(203,552		)	2,187
Income tax expense	(7,225		)	(3,454		)	(12,069		)	(2,941		)	18,464			(7,225		)
Net income (loss)	$	(5,038	)	$	45,814		$	18,250		$	121,024		$	(185,088	)	$	(5,038	)

30

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Six Months Ended June 30, 2015
(in thousands)
	CBII			CBLLC		Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(5,038	)	$	45,814	$	18,250	$	121,024		$	(185,088	)	$	(5,038	)
Other comprehensive income (loss), net of tax where applicable:
Unrealized foreign currency translation gains	—			—		—		2			—			2
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—		—		559			—			559
Net other comprehensive income related to foreign currency translation	—			—		—		561			—			561
Unrealized gains (losses) on derivatives for the period	—			—		—		16,004			—			16,004
Derivative gains reclassified into Net sales	—			—		—		(30,807		)	—			(30,807		)
Derivative losses reclassified into Cost of sales	—			—		—		12,240			—			12,240
Net other comprehensive income related to derivatives	—			—		—		(2,563		)	—			(2,563		)
Actuarial gains for the period, net of tax	—			1,112		—		2,155			—			3,267
Amortization included in pension cost	—			238		—		361			—			599
Net other comprehensive income related to defined benefit pension and severance plans	—			1,350		—		2,516			—			3,866
Other comprehensive income (loss) of investments in subsidiaries	1,864			514		—		—			(2,378		)	—
Comprehensive income (loss)	$	(3,174	)	$	47,678	$	18,250	$	121,538		$	(187,466	)	$	(3,174	)

31

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Six Months Ended June 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	434,216		$	611,798		$	1,040,357		$	(498,534	)	$	1,587,837
Cost of sales	—			419,303			539,696			940,684			(498,124		)	1,401,559
Selling, general and administrative	15,488			8,511			43,816			41,531			—			109,346
Transaction Costs	8,672			—			—			—			—			8,672
Depreciation	—			2,370			13,018			11,200			—			26,588
Amortization	—			—			4,671			12			—			4,683
Equity in losses in investees	(37,368		)	(52,165		)	4,251			(332		)	85,282			(332		)
Operating income (loss)	13,208			56,197			6,346			47,262			(85,692		)	37,321
Interest income	—			2			34			1,269			—			1,305
Interest expense	(10,587		)	(18,406		)	(1,567		)	(207		)	—			(30,767		)
Loss on debt extinguishment	—			(521		)	—			—			—			(521		)
Other income (expense), net	581			96			(367		)	(4,856		)	410			(4,136		)
Income (loss) before income taxes	3,202			37,368			4,446			43,468			(85,282		)	3,202
Income tax expense	(9,969		)	(6,412		)	(1,760		)	(3,405		)	11,577			(9,969		)
Net income (loss)	$	(6,767	)	$	30,956		$	2,686		$	40,063		$	(73,705	)	$	(6,767	)

32

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Six Months Ended June 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(6,767	)	$	30,956		$	2,686	$	40,063		$	(73,705	)	$	(6,767	)
Other comprehensive income (loss), net of tax where applicable:
Unrealized foreign currency translation gains	—			—			—		15			—			15
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	—			—			—		267			—			267
Unrealized gains (losses) on derivatives for the period	—			—			—		3,395			—			3,395
Derivative gains reclassified into Net sales	—			—			—		2,047			—			2,047
Derivative losses reclassified into Cost of sales	—			—			—		(236		)	—			(236		)
Net other comprehensive income related to derivatives	—			—			—		5,206			—			5,206
Actuarial gains for the period, net of tax	—			(565		)	—		(340		)	—			(905		)
Amortization included in pension cost	—			206			—		390			—			596
Net other comprehensive income related to defined benefit pension and severance plans	—			(359		)	—		50			—			(309		)
Other comprehensive income (loss) of investments in subsidiaries	5,164			5,523			—		—			(10,687		)	—
Comprehensive income (loss)	$	(1,603	)	$	36,120		$	2,686	$	45,586		$	(84,392	)	$	(1,603	)

33

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
June 30, 2015
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	1,746	$	28,933	$	48,358	$	66,258	$	—		$	145,295
Trade receivables, less allowances	—		58,294		62,154		125,876		—			246,324
Other receivables, net	—		7,242		4,790		48,503		—			60,535
Inventories	—		10,621		36,889		158,122		—			205,632
Prepaid expenses	477		2,104		5,886		31,298		—			39,765
Other current assets	96		6,224		11,369		413		(6,282		)	11,820
Total current assets	2,319		113,418		169,446		430,470		(6,282		)	709,371
Property, plant and equipment, net	—		8,501		184,246		184,823		—			377,570
Investments and other assets, net	9,954		8,655		3,606		74,842		—			97,057
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		72,840		21		—			72,861
Investments in and accounts with subsidiaries	1,478,712		1,307,670		3,443		—		(2,789,825		)	—
Due from affiliates	84,871		2,201,452		1,658,730		774,288		(4,719,341		)	—
Total assets	$	1,575,856	$	3,847,781	$	2,148,906	$	1,643,944	$	(7,515,448	)	$	1,701,039
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	—	$	1,622	$	1,641	$	—		$	3,263
Accounts payable	3,929		8,199		112,203		147,556		—			271,887
Accrued liabilities	24,860		16,201		57,383		57,130		—			155,574
Total current liabilities	28,789		24,400		171,208		206,327		—			430,724
Long-term debt and capital lease obligations, net of current portion	45,002		190,276		39,130		3,549		—			277,957
Accrued pension and other employee benefits	9,793		4,569		—		62,763		—			77,125
Deferred tax liabilities	—		79,867		26,613		—		(6,282		)	100,198
Other liabilities	—		7,636		22,686		41,920		—			72,242
Long-term related parties debt	238,479		—		—		—		—			238,479
Due to affiliates	749,479		2,062,321		1,469,996		437,545		(4,719,341		)	—
Total liabilities	1,071,542		2,369,069		1,729,633		752,104		(4,725,623		)	1,196,725
Commitments and contingencies
Total shareholders' equity	504,314		1,478,712		419,273		891,840		(2,789,825		)	504,314
Total liabilities and shareholders' equity	$	1,575,856	$	3,847,781	$	2,148,906	$	1,643,944	$	(7,515,448	)	$	1,701,039

34

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

35

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
June 30, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	22,189	$	—	$	32,324	$	—		$	54,513
Trade receivables, less allowances	—		56,360		60,229		155,306		—			271,895
Other receivables, net	—		999		4,452		55,961		(837		)	60,575
Inventories	—		10,831		34,668		165,812		—			211,311
Prepaid expenses	954		1,631		9,137		27,417		—			39,139
Due from affiliates	57,210		2,168,269		1,394,702		558,114		(4,178,295		)	—
Other current assets	—		3,587		12,823		—		(9,014		)	7,396
Total current assets	58,164		2,263,866		1,516,011		994,934		(4,188,146		)	644,829
Property, plant and equipment, net	—		17,733		197,730		184,399		—			399,862
Investments and other assets, net	21,309		12,555		4,466		77,814		(6,397		)	109,747
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		82,182		47		—			82,229
Investments in and accounts with subsidiaries	1,439,143		1,129,504		1,535		—		(2,570,182		)	—
Total assets	$	1,518,616	$	3,631,743	$	1,858,519	$	1,436,694	$	(6,764,725	)	$	1,680,847
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,622	$	1,488	$	—		$	4,610
Accounts payable	3,143		4,937		89,973		153,526		—			251,579
Accrued liabilities	33,224		23,735		62,527		59,626		(9,851		)	169,261
Due to affiliates	919,544		1,668,253		1,225,080		365,418		(4,178,295		)	—
Total current liabilities	955,911		1,698,425		1,379,202		580,058		(4,188,146		)	425,450
Long-term debt and capital lease obligations, net of current portion	170,053		416,450		40,812		5,177		—			632,492
Accrued pension and other employee benefits	14,592		2,882		—		62,800		—			80,274
Deferred tax liabilities	235		66,653		46,293		—		(6,397		)	106,784
Other liabilities	1,571		8,190		9,427		40,405		—			59,593
Total liabilities	1,142,362		2,192,600		1,475,734		688,440		(4,194,543		)	1,304,593
Commitments and contingencies
Total shareholders' equity	376,254		1,439,143		382,785		748,254		(2,570,182		)	376,254
Total liabilities and shareholders' equity	$	1,518,616	$	3,631,743	$	1,858,519	$	1,436,694	$	(6,764,725	)	$	1,680,847

36

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Six Months Ended June 30, 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	$	(252,810	)	$	300,870		$	(925	)	$	38,089		$	—		$	85,224
Capital expenditures	—			(1,165		)	(1,418		)	(7,860		)	—			(10,443		)
Investing activity with subsidiaries	—			(52,881		)	—			—			52,881			—
Other, net	—			—			—			(212		)	—			(212		)
Investing cash flow	—			(54,046		)	(1,418		)	(8,072		)	52,881			(10,655		)
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	—			(16,000		)	—			—			—			(16,000		)
Repayments of long-term debt and capital lease obligations	—			—			(2,180		)	(187		)	—			(2,367		)
Payments for debt modification and issuance costs	—			(2,631		)	—			—			—			(2,631		)
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	89,604			—			—			—			—			89,604
Advance from related party	18,445			—			—			—			—			18,445
Repayment of advance from related party	(18,445		)	—			—			—			—			(18,445		)
Financing activity with subsidiaries	—			(1,975		)	52,881			1,975			(52,881		)	—
Financing cash flow	254,556			(231,598		)	50,701			1,788			(52,881		)	22,566
Increase (decrease) in cash and equivalents	1,746			15,226			48,358			31,805			—			97,135
Cash and equivalents, beginning of period	—			13,707			—			34,453			—			48,160
Cash and equivalents, end of period	$	1,746		$	28,933		$	48,358		$	66,258		$	—		$	145,295

37

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Six months Ended June 30, 2014
(in thousands)
	CBII		CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-Issuer)		(Co-Issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash provided (used) by:
Operating cash flow	$	—	$	22,112		$	2,630		$	13,441		$	—		$	38,183
Capital expenditures	—		(1,607		)	(4,910		)	(18,805		)	—			(25,322		)
Investing activity with subsidiaries1	—		(2,926		)	(570		)	—			3,496			—
Other, net	—		—			44			(1,022		)	—			(978		)
Investing cash flow	—		(4,533		)	(5,436		)	(19,827		)	3,496			(26,300		)
Redemption of 7.875% Notes	—		(10,000		)	—			—			—			(10,000		)
Borrowings under the 2013 ABL Revolver	—		24,000			—			—			—			24,000
Repayments of the 2013 ABL Revolver	—		(24,000		)	—			—			—			(24,000		)
Repayments of the 2013 ABL Term Loan	—		(750		)	—			—			—			(750		)
Repayments of long-term debt and capital lease obligations	—		—			(120		)	(26		)	—			(146		)
Payments for debt modification and issuance costs	—		(191		)	—			—			—			(191		)
Payments of debt extinguishment costs	—		(300		)	—			—			—			(300		)
Financing activity with subsidiaries1	—		—			2,926			570			(3,496		)	—
Financing cash flow	—		(11,241		)	2,806			544			(3,496		)	(11,387		)
Increase (decrease) in cash and equivalents	—		6,338			—			(5,842		)	—			496
Cash and equivalents, beginning of period	—		15,851			—			38,166			—			54,017
Cash and equivalents, end of period	$	—	$	22,189		$	—		$	32,324		$	—		$	54,513

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 six months ended June 30, 2014.

38

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

Overview

Change in Ownership

On October 26, 2014, Chiquita entered into an Agreement and Plan of Merger ("Merger Agreement") with Cavendish Global Limited (now known as Chiquita Holdings Ltd., "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 (now known as Chiquita US Corporation, "Chiquita US"), a wholly-owned, indirect subsidiary of Parent, owning 100% of Chiquita.

In the second quarter and the first half of 2015, we incurred $12 million and $60 million, respectively 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.

Operations Overview

In the second quarter of 2015, our core Bananas and Salads and Healthy Snacks businesses both performed above the same period of 2014. Excluding the $60 million of transaction costs described above, our overall operating income during the first half of 2015 improved compared with the same period of 2014.

In our Bananas segment, our operating income also improved year over year. Overall banana volume was lower and foreign exchange fluctuations had an adverse impact on our sales as compared to the first half 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, 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. The segment also benefited from lower fuel costs and reduced SG&A costs further bolstering strong results.

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.

39

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. Inter-segment transactions are eliminated.

	Quarter Ended June 30,						Better (Worse) Percent Change		Six Months ended June 30,						Better (Worse) Percent Change
(In millions)	2015			2014					2015			2014
Net sales:
Bananas	$	502		$	537		(6.5	)%	$	973		$	1,039		(6.3	)%
Salads and Healthy Snacks	248			249			(0.5	)%	478			479			(0.1	)%
Other Produce	26			39			(32.8	)%	50			70			(28.0	)%
	$	777		$	826		(6.0	)%	$	1,502		$	1,588		(5.4	)%
Cost of sales:
Bananas	$	413		$	460		10.2	%	$	817		$	907		9.9	%
Salads and Healthy Snacks	199			214			7.0	%	394			420			6.2	%
Other Produce	24			39			38.5	%	46			70			34.3	%
Corporate costs	2			3			33.3	%	2			5			60.0	%
	$	638		$	716		10.9	%	$	1,261		$	1,402		10.0	%
Operating income (loss):
Bananas	$	66		$	43		52.3	%	$	95		$	64		47.7	%
Salads and Healthy Snacks	28			7			284.9	%	39			4			934.7	%
Other Produce	2			—			NM		4			—			NM
Corporate Costs	(26		)	(14		)	(86.4	)%	(80		)	(31		)	(162.6	)%
	$	70		$	37		91.0	%	$	57		$	37		53.3	%

Tables may not total or recalculate due to rounding.

QUARTER ENDED JUNE 30, 2015 vs. QUARTER ENDED JUNE 30, 2014

Net Sales. Net sales decreased on a consolidated basis by 6.0%. In our Bananas segment, the decrease in net sales was driven by lower volume in North America 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 and more efficient use of trade spend, offset by a decline in sales volume for the healthy snacks, food service and processed fruit ingredient businesses.

Other produce sales decreased primarily as a result of lower volume.

Cost of Sales. Cost of sales decreased 10.9% on a consolidated basis. The primary drivers of lower costs were reduced weather impacts as compared to the second quarter of 2014, lower fruit volumes in 2015 and lower fuel costs.

In our Bananas segment, 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 second quarter of 2015 as compared to 2014 mainly due to decreased fuel costs. Packaging and sizing initiatives beginning in the third quarter of 2014 also resulted in increased value chain savings and lower overall costs during 2015.

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 second quarter of 2014, slightly offset by additional Corporate costs driven by the $12 million of transaction costs in connection with the Merger Agreement. Excluding transaction costs, Corporate costs improved due to lower legal fees, medical cost reductions

40

and staffing and operating efficiencies. Corporate costs represent expenses not allocated to the reportable segments, including certain selling, general and administrative costs.

SIX MONTHS ENDED JUNE 30, 2015 vs. SIX MONTHS ENDED JUNE 30, 2014

Net Sales. Net sales decreased on a consolidated basis by 5.4%. 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 fewer spot market purchases 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. Packaging and sizing initiatives beginning in the third quarter of 2014 also resulted in increased value chain savings and lower overall costs during 2015.

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

Cost of Sales. Cost of sales decreased 10.0% on a consolidated basis. The primary drivers of lower costs as compared to the six months ended June 30, 2014 were reduced weather impacts, lower fruit volumes and lower fuel costs.

In our Bananas segment, 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.

In our Salads and Healthy Snacks segment, cost of sales decreased significantly in the second 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 six months ended June 30, 2014, offset by additional Corporate costs driven by the $60 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)	Q2			YTD
2014 Banana segment net sales	$	537		$	1,039
Global pricing and geographic product mix	(4		)	17
Volume	(7		)	(45		)
Average European exchange rates including the effect of hedging	(22		)	(35		)
Other	(2		)	(3		)
2015 Banana segment net sales	$	502		$	973

41

	(Better) Worse
(In millions)	Q2			YTD
2014 Banana segment cost of sales	$	460		$	907
Volume	(5		)	(32		)
Sourcing and logistics costs1	(35		)	(57		)
Average European exchange rates	(6		)	2
Tariffs	(1		)	(3		)
2015 Banana segment cost of sales	$	413		$	817

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 a loss of $3 million and breakeven for the second quarters of 2015 and 2014, respectively, and a loss of $12 million and breakeven for the six months ended June 30, 2015 and 2014, respectively. The second quarter of 2014 also includes $5 million of costs related to vessel changeover, which was completed in the third quarter of 2014.

	Better (Worse)
(In millions)	Q2			YTD
2014 Banana segment operating income	$	43		$	64
Change in Banana segment net sales from above	(35		)	(66		)
Change in Banana segment cost of sales from above	47			90
Change in Banana segment selling, general and administrative expenses	11			7
2015 Banana segment operating income	$	66		$	95

BANANA SEGMENT METRICS

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

(In millions, except percentages)	Q2 2015	Q2 2014	% Change		YTD 2015	YTD 2014	% Change
North America	18.8	19.6	(4.1	)%	36.6	38.0	(3.7	)%
Europe and the Middle East:
Core Europe2	9.1	9.0	1.1	%	17.4	17.6	(1.1	)%
Mediterranean3	2.7	2.5	8.0	%	4.0	5.2	(23.1	)%
Middle East	1.3	0.9	44.4	%	2.6	1.8	44.4	%
Europe and the Middle East	13.1	12.4	5.6	%	24.0	24.6	(2.4	)%
Total volume	31.9	32.0	(0.3	)%	60.6	62.5	(3.0	)%

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.

42

Pricing. Year-over-year percentage changes in our banana prices for 2015 compared to 2014 were as follows:

	Q2		YTD
North America1	(0.5	)%	1.1	%
Core Europe:
Local currency	2.9	%	4.3	%
Currency exchange impact	(17.4	)%	(15.1	)%
Core Europe U.S. Dollar Basis2	(14.5	)%	(10.8	)%
Mediterranean	(18.5	)%	(13.4	)%
Middle East	3.5	%	2.1	%
Europe and the Middle East	(16.4	)%	(13.1	)%

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.

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)	Q2 2015		Q2 2014		% Change		YTD 2015		YTD 2014		% Change
Euro average exchange rate, spot	$	1.10	$	1.37	(19.7	)%	$	1.13	$	1.33	(15.0	)%
Euro average exchange rate, hedged	1.20		1.36		(11.8	)%	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)	Q2			YTD
Net sales:
Change in euro exchange rate	$	(38	)	$	(69	)
Change in realized hedging gain (loss)1	15			34
Effect on net sales	(23		)	(35		)
Local costs increase	9			18
Change in balance sheet translation gain (loss)2	5			(3		)
Net effect on operating income (loss)	$	(9	)	$	(20	)

Table may not total or recalculate due to rounding.

¹   Second quarter hedging gain was $14 million in 2015 versus a loss of $1 million in the same period of 2014. For the six months ended June 30, 2015 the hedging gain was $30 million versus a loss of $3 million in the six months ended June 30, 2014.

²   We discontinued entering into 30-day euro forward contracts to economically hedge the balance sheet translation in December 2014. Second quarter balance sheet translation was a net gain of $3 million in 2015 versus a net loss of $1 million in the same period of 2014. For the six months ended June 30, 2015 the balance sheet translation was a net loss of $7 million versus a net loss of $4 million in the six months ended June 30, 2014.

BANANA SEGMENT - OTHER INFORMATION

Import Regulations. No material changes to regulations governing the import of bananas has occurred since our Annual Report on Form 10-K for the year ended December 31, 2014.

Concentration of Risk. Our primary markets are in North America and Europe, but we also have sales in the Middle East and other markets. The majority of our sales in the Middle East are in Iran under license from the U.S. government that allows sale of food products to non-sanctioned parties. These sales to Iranian customers are in U.S. dollars and represent $6 million, $8 million and $12 million of "Trade receivables, less allowances" on the Condensed Consolidated Balance Sheet as of June 30, 2015, December 31, 2014 and June 30, 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

43

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, an additional $2 million in 2013, and another $2 million in 2015 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)	Q2			YTD
2014 Salads and Healthy Snacks segment net sales	$	249		$	479
Pricing including mix:
Retail value-added salads	4			8
Healthy snacks, foodservice and other	3			4
Volume:
Retail value-added salads	11			18
Healthy snacks, foodservice and other	(15		)	(24		)
Processed fruit ingredient products, primarily volume	(2		)	(3		)
Other	(2		)	(4		)
2015 Salads and Healthy Snacks segment net sales	$	248		$	478

	(Better) Worse
(In millions)	Q2			YTD
2014 Salads and Healthy Snacks cost of sales	$	214		$	420
Volume:
Retail value-added salads	9			15
Healthy snacks, foodservice and other	(11		)	(18		)
Mix:
Retail value-added salads	1			5
Healthy snacks, foodservice and other	2			3
Industry input and manufacturing costs:
Retail value-added salads	(9		)	(18		)
Healthy snacks, foodservice and other	(2		)	(4		)
Processed fruit ingredient products, primarily volume	(4		)	(7		)
Other	(1		)	(2		)
2015 Salads and Healthy Snacks cost of sales	$	199		$	394

	Better (Worse)
(In millions)	Q2			YTD
2014 Salads and Healthy Snacks segment operating income	$	7		$	4
Change in Salads and Healthy Snacks segment net sales from above	(1		)	(1		)
Change in Salads and Healthy Snacks segment cost of sales from above	15			26
Change in Salads and Healthy Snacks segment selling, general and administrative, including marketing	7			10
2015 Salads and Healthy Snacks segment operating income	$	28		$	39

44

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)	Q2 2015	Q2 2014	% Change		YTD 2015	YTD 2014	% Change
Volume of 12-count cases	13.4	12.8	4.4	%	26.1	25.2	3.7	%
Average price per case including mix1			4.5	%			4.9	%

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 June 30, 2015 and 2014 and $19 million and $31 million for the six months ended June 30, 2015 and 2014, respectively. Loss on debt extinguishment in the first half 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 half of 2014 relates to the redemption of $10 million of the 7.875% Notes on January 31, 2014.

OTHER INCOME (EXPENSE), NET

In the second quarter of 2015, we finalized the closure of a dormant distribution business in Singapore for an immaterial amount, which was recorded in "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 $1 million and $4 million for the quarters ended June 30, 2015 and 2014, respectively, and $7 million and $10 million for the six months ended June 30, 2015 and 2014, respectively. For the quarters and six months ended June 30, 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 the next twelve months. At June 30, 2015, we had no borrowings under the 2015 ABL Revolver (described below), under which $93 million was available after $25 million was used to support letters of credit. A subsidiary has a committed credit line of approximately €8 million ($9 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 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 Chiquita US, the parent of Chiquita. These related party loans bear interest payable quarterly at LIBOR plus 100 basis points, or 1.19% at current rates, for the first two years and thereafter at LIBOR plus 500 basis points, or 5.19% at current rates.

45

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 half 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 provided by operations was $85 million and $38 million for the six months ended June 30, 2015 and 2014, respectively. Changes in cash flow from operations were primarily driven by payments for transaction costs and non cash portions of loss on debt extinguishment and stock based compensation and other positive movements within working capital balances.

Cash flow used in investing activities includes capital expenditures of $10 million and $25 million for the six months ended June 30, 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 June 30, 2015, December 31, 2014 and June 30, 2014, our bunker fuel forward contracts were a net asset (liability) of $(3) million, $(16) million and $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 June 30, 2015, December 31, 2014 and June 30, 2014, our euro-based currency hedging contracts were a net asset (liability) of $8 million, $24 million and $(1) 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 ($44 million) through 2019 to preserve our right to appeal the customs and tax assessments. Of these assessments, we have deposited €30 million ($34 million) through June 30, 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 (less than $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 June 30, 2015 from National Union for defense costs in certain matters. This sum, and an additional $2 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.

At June 30, 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.

46

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 June 30, 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 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 July 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 $1.33 per euro and limit the benefit of an increase in the exchange rate above $1.41 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 $1.36 per euro.

Our shipping operations are exposed to the volatility of 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

47

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 June 30, 2015, we had a deferred loss on bunker fuel hedges included in Accumulated other comprehensive income (loss) ("AOCI") of $3 million that is expected to increase our cost of bunker fuel in 2015 and represent coverage for expected fuel purchases of approximately 70%.

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 $5 million, $8 million and $(1) million at June 30, 2015, December 31, 2014, and June 30, 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 $4 million at June 30, 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 less than $1 million at June 30, 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 June 30, 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 $45 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 June 30, 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 Chiquita US. We had approximately $284 million of variable rate debt at June 30, 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 June 30, 2015 of our disclosure controls and procedures as defined in 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 June 30, 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.

48

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 asbestos cases pending in the Northern District of Ohio and the Pennsylvania Federal Court, there are currently 192 MARDOC cases against the Company that have been remanded from the Pennsylvania Federal Court and we expect that the 182 cases still pending against the Company in Pennsylvania are likely to be remanded by the end of 2015. Pursuant to an order issued by the Ohio court, the Company and other interested parties are attempting to develop a process through which the remanded cases may be resolved without trial, either by settlement or dismissal. At this time no final agreement has been reached.

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

49

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
	Vice President, Chief Financial Officer and Treasurer

August 12, 2015

50

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: August 12, 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: August 12, 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: August 12, 2015	Darcilo Santos
	Title: Vice President, Chief Financial Officer and Treasurer

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 June 30, 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: August 12, 2015	/s/ Andrew J. Biles
	Name: Andrew J. Biles
	Title: Chief Executive Officer, Bananas and Pineapples
Dated: August 12, 2015	/s/ Kenneth Diveley
	Name: Kenneth Diveley
	Title: Chief Executive Officer, Fresh Express and Chiquita Fruit Solutions
Dated: August 12, 2015	/s/ Darcilo Santos
	Name: Darcilo Santos
	Title: Vice President, Chief Financial Officer and Treasurer

XML

Merger Transactions Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Transaction Costs [Abstract]
Transaction costs	$ 11,661	$ 2,753	$ 59,640	$ 8,672

XML

Hedging - Hedge Portfolio Table (Details)		Jun. 30, 2015 EUR (€) Mg $ / Mg $ / €	Feb. 05, 2015 Mg $ / Mg $ / €
Euro put option
Derivative [Line Items]
Currency derivatives - Contract Average Rate/Price (in $ per EUR)			1.37
Bunker fuel forward contracts
Derivative [Line Items]
Fuel derivatives - Notional Amount | Mg			17,460
Bunker fuel forward contracts, contract average rate | $ / Mg			562.92
Commodity forward contract, settlement period - 2015 | Designated as Hedging Instrument [Member] | Bunker fuel forward contracts
Derivative [Line Items]
Fuel derivatives - Notional Amount | Mg	[1]	12,700
Bunker fuel forward contracts, contract average rate | $ / Mg	[1]	549
Purchased | Foreign exchange option, settlement period - 2015 | Designated as Hedging Instrument [Member] | Euro put option
Derivative [Line Items]
Currency derivatives - Notional Amount | €	[1]	€ 34,000,000
Currency derivatives - Contract Average Rate/Price (in $ per EUR)	[1]	1.34
Sold | Foreign exchange option, settlement period - 2015 | Designated as Hedging Instrument [Member] | Euro call option
Derivative [Line Items]
Currency derivatives - Notional Amount | €	[1]	€ 34,000,000
Currency derivatives - Contract Average Rate/Price (in $ per EUR)	[1]	1.39

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

XML

Debt Including Capital Lease Obligations - 4.25% Convertible Senior Notes (Details)		2 Months Ended	3 Months Ended			6 Months Ended
	Jan. 31, 2014 USD ($)	Feb. 27, 2015 USD ($)	Jun. 30, 2015 USD ($) $ / shares	Jun. 30, 2014 USD ($)		Jun. 30, 2015 USD ($) $ / shares	Jun. 30, 2014 USD ($)		Feb. 15, 2015 USD ($)	Feb. 05, 2015 USD ($)	Jan. 07, 2015 USD ($)	Dec. 31, 2014 USD ($)		Feb. 28, 2013 USD ($)	Feb. 05, 2013
Interest Expense, Debt [Abstract]
Amortization of discount on the debt component						$ 2,935,000	$ 6,003,000
Loss on debt extinguishment, unamortized discount writeoff			$ 0	$ 0		$ (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%	4.25%					4.25%
Conversion rate of debt into equity						0.0445524000
Conversion price (in dollars per share) | $ / shares			$ 22.45			$ 22.45
Principal amount of debt component			$ 49,000,000	$ 200,000,000	[1]	$ 49,000,000	$ 200,000,000	[1]	$ 200,000,000			$ 200,000,000	[1]
Unamortized discount			(4,069,000)	(29,947,000)		(4,069,000)	(29,947,000)					(23,569,000)
Net carrying amount of debt component			45,002,000	170,053,000		45,002,000	170,053,000					$ 176,431,000
Interest Expense, Debt [Abstract]
4.25% coupon interest			522,000	2,125,000		1,845,000	4,250,000
Amortization of deferred financing fees			28,000	117,000		86,000	235,000
Amortization of discount on the debt component			844,000	3,046,000		2,935,000	6,003,000
Total interest expense related to the Convertible Notes			$ 1,394,000	$ 5,288,000		$ 4,866,000	$ 10,488,000
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%		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	0.00%					107.90%
Loss on debt extinguishment, unamortized discount writeoff	$ 1,000,000

[1] As of December 31, 2014 and June 30, 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.

XML

Commitments and Contingencies - Italian Customs and Tax Cases (Details) € in Thousands, $ in Thousands	1 Months Ended							3 Months Ended			6 Months Ended		81 Months Ended	111 Months Ended	120 Months Ended
	Jun. 30, 2014 USD ($)	Nov. 30, 2012 USD ($)	Aug. 31, 2012 EUR (€)	Mar. 31, 2012 EUR (€)	Sep. 30, 2011 EUR (€)	Apr. 30, 2011 EUR (€)	Apr. 30, 2011 USD ($)	Jun. 30, 2014 EUR (€)	Sep. 30, 2011 EUR (€)	Sep. 30, 2011 USD ($)	Jun. 30, 2015 EUR (€) jurisdiction	Jun. 30, 2015 USD ($) jurisdiction	Sep. 30, 2014 EUR (€)	Dec. 31, 2013 EUR (€)	Sep. 30, 2014 EUR (€)	Sep. 30, 2014 USD ($)
Loss Contingencies [Line Items]
Loss Contingency Accrual, Payments | $	$ 1,200
Indirect import challenge - income tax assessment
Loss Contingencies [Line Items]
Claim / Assessment													€ 12,000
Interest and Penalties Claimed / Assessed													19,100
Total Claim / Assessment													31,100
Deposits Paid Pending Appeal													1,200
Loss Contingency, Damages Awarded, Periodic Payment				€ 113
Indirect import challenge - customs tax assessment
Loss Contingencies [Line Items]
Claim / Assessment													19,400
Interest and Penalties Claimed / Assessed													10,200
Total Claim / Assessment													29,600
Deposits Paid Pending Appeal													€ 19,700
Loss Contingency, Damages Awarded, Periodic Payment					€ 350
Trento | 1998-2000 cases
Loss Contingencies [Line Items]
Loss Contingency, Damages Awarded, Payment Term								5 years 6 months
Claim / Assessment															€ 3,300
Interest and Penalties Claimed / Assessed | $																$ 3,300
Total Claim / Assessment															6,600
Deposits Paid Pending Appeal														€ 6,600		6,600
Alessandria | 1998-2000 cases
Loss Contingencies [Line Items]
Loss Contingency, Damages Awarded, Payment Term				36 months
Claim / Assessment | $																300
Interest and Penalties Claimed / Assessed															200
Total Claim / Assessment | $																500
Deposits Paid Pending Appeal | $																500
Aosta | 1998-2000 cases
Loss Contingencies [Line Items]
Claim / Assessment															1,200
Interest and Penalties Claimed / Assessed															1,100
Total Claim / Assessment															2,300
Deposits Paid Pending Appeal															€ 2,300
Loss Contingency, Damages Awarded, Periodic Payment | $		$ 34
Genoa | 1998-2000 cases
Loss Contingencies [Line Items]
Claim / Assessment | $																7,400
Interest and Penalties Claimed / Assessed | $																1,000
Total Claim / Assessment | $																8,400
Deposits Paid Pending Appeal | $																$ 0
Loss Contingency, Damages Awarded, Periodic Payment			€ 118
Chiquita Italy | 1998-2000 cases
Loss Contingencies [Line Items]
Number of jurisdictions in which claims were originated | jurisdiction											4	4
Chiquita Italy | 2004 - 2005 cases
Loss Contingencies [Line Items]
Tax settlement paid						€ 3,000	$ 4,000
Pricing adjustment paid for 2006 through 2009									€ 2,000	$ 3,000
Chiquita Italy | 2004 cases - direct import challenge
Loss Contingencies [Line Items]
Claim / Assessment											€ 13,000	$ 17,000
Chiquita Italy | 2005 cases - direct import challenge
Loss Contingencies [Line Items]
Claim / Assessment											€ 19,000	$ 26,000
Insurance recovery coverage suit | Trento | 1998-2000 cases
Loss Contingencies [Line Items]
Litigation Settlement, Amount								€ 5,500

XML

Hedging - Derivative Assets and Liabilities Table (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands		3 Months Ended
		Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Mar. 31, 2014
Currency Hedge Portfolio
Change in Fair Value of Derivative Assets and Liabilities [Roll Forward]
Balance at beginning of year		$ 24,979	$ 23,735	$ (3,831)	$ (5,014)
Realized (gains) losses included in net income		(13,659)	(16,773)	1,414	1,229
Purchases, net	[1]	0	0	0	277
Changes in fair value		(3,636)	18,017	1,906	(323)
Balance at end of year		7,684	24,979	(511)	(3,831)
Bunker Fuel Forward Contracts
Change in Fair Value of Derivative Assets and Liabilities [Roll Forward]
Balance at beginning of year		(7,319)	(15,990)	(634)	988
Realized (gains) losses included in net income		3,465	8,775	(61)	(175)
Purchases, net	[1]	0	0	0	0
Changes in fair value		1,044	(104)	1,641	(1,447)
Balance at end of year		$ (2,810)	$ (7,319)	$ 946	$ (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

XML

Debt Including Capital Lease Obligations - Carrying and Estimated Fair Value Table (Details) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Debt Instrument [Line Items]
Capital Lease Obligations	[1]	$ 40,970	$ 41,891	$ 42,558
Estimated Fair Value - Capital lease obligations	[1],[2]	40,900	41,800	42,000
Less current portion		(3,263)	(4,703)	(4,610)
Total long-term debt and capital lease obligations		277,957	637,518	632,492
7.875% Senior Notes | 7.875% Senior Notes
Debt Instrument [Line Items]
Carrying Value		190,277	412,483	412,325
Estimated Fair Value	[2]	205,000	447,000	455,000
4.25% Convertible Senior Notes | Convertible debt
Debt Instrument [Line Items]
Carrying Value		45,002	176,431	170,053
Estimated Fair Value	[2]	45,000	200,000	200,000
2013 ABL Term Loan [Member]
Debt Instrument [Line Items]
Carrying Value			4,875	5,625
Estimated Fair Value	[2]		4,800	5,000
Other Debt Obligations
Debt Instrument [Line Items]
Carrying Value		4,971	6,541	6,541
Estimated Fair Value	[2]	$ 4,900	$ 6,500	$ 6,000

[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

[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.

XML

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2015

1998-2000 cases

Loss Contingencies [Line Items]

Schedule of Loss Contingencies by Contingency

A summary of claims and deposits paid as of June 30, 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/or Penalties Assessed (In millions)	Total Assessment (In millions)	Deposits Paid Pending Appeal (In millions)
Income Tax/VAT Assessment for 2004/2005	€12.0	€19.1	€31.1	€1.2	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	€19.7	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.

XML

Supplemental Consolidating Financial Information Condensed Statement of Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net income (loss)	$ 59,588	$ 17,836	$ (5,038)	$ (6,767)
Unrealized foreign currency translation gains	0	(1)	2	15
Realized (gains) losses for foreign currency translation on business disposal reclassified into Other income (expense), net	(43)	0	559	252
Net other comprehensive income (loss) related to foreign currency translation	(43)	(1)	561	267
Unrealized gains (losses) on derivatives for the period	(2,270)	4,441	16,004	3,395
Derivative (gains) losses reclassified into Net sales	13,829	(1,020)	30,807	(2,047)
Derivative (gains) losses reclassified into Cost of sales	3,465	(61)	12,240	(236)
Net other comprehensive income (loss) related to derivatives	(12,634)	5,400	(2,563)	5,206
Actuarial gains (losses) for the period, net of tax	1,095	(563)	3,267	(905)
Amortization included in pension cost	315	296	599	596
Net other comprehensive income (loss) related to defined benefit pension and severance plans	1,410	(267)	3,866	(309)
Other comprehensive income (loss) of investments in subsidiaries	0	0	0	0
Comprehensive income (loss)	48,321	22,968	(3,174)	(1,603)
Reportable Legal Entities [Member] | Parent Company [Member]
Net income (loss)	59,588	17,836	(5,038)	(6,767)
Unrealized foreign currency translation gains	0	0	0	0
Realized (gains) losses for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0	0	0
Net other comprehensive income (loss) related to foreign currency translation	0	0	0	0
Unrealized gains (losses) on derivatives for the period	0	0	0	0
Derivative (gains) losses reclassified into Net sales	0	0	0	0
Derivative (gains) losses reclassified into Cost of sales	0	0	0	0
Net other comprehensive income (loss) related to derivatives	0	0	0	0
Actuarial gains (losses) for the period, net of tax	0	0	0	0
Amortization included in pension cost	0	0	0	0
Net other comprehensive income (loss) related to defined benefit pension and severance plans	0	0	0	0
Other comprehensive income (loss) of investments in subsidiaries	(11,267)	5,132	1,864	5,164
Comprehensive income (loss)	48,321	22,968	(3,174)	(1,603)
Reportable Legal Entities [Member] | Subsidiary Issuer [Member]
Net income (loss)	42,393	31,394	45,814	30,956
Unrealized foreign currency translation gains	0	0	0	0
Realized (gains) losses for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0	0	0
Net other comprehensive income (loss) related to foreign currency translation	0	0	0	0
Unrealized gains (losses) on derivatives for the period	0	0	0	0
Derivative (gains) losses reclassified into Net sales	0	0	0	0
Derivative (gains) losses reclassified into Cost of sales	0	0	0	0
Net other comprehensive income (loss) related to derivatives	0	0	0	0
Actuarial gains (losses) for the period, net of tax	1,112	(564)	1,112	(565)
Amortization included in pension cost	135	102	238	206
Net other comprehensive income (loss) related to defined benefit pension and severance plans	1,247	(462)	1,350	(359)
Other comprehensive income (loss) of investments in subsidiaries	(12,514)	5,594	514	5,523
Comprehensive income (loss)	31,126	36,526	47,678	36,120
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Net income (loss)	12,507	5,798	18,250	2,686
Unrealized foreign currency translation gains	0	0	0	0
Realized (gains) losses for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0	0	0
Net other comprehensive income (loss) related to foreign currency translation	0	0	0	0
Unrealized gains (losses) on derivatives for the period	0	0	0	0
Derivative (gains) losses reclassified into Net sales	0	0	0	0
Derivative (gains) losses reclassified into Cost of sales	0	0	0	0
Net other comprehensive income (loss) related to derivatives	0	0	0	0
Actuarial gains (losses) for the period, net of tax	0	0	0	0
Amortization included in pension cost	0	0	0	0
Net other comprehensive income (loss) related to defined benefit pension and severance plans	0	0	0	0
Other comprehensive income (loss) of investments in subsidiaries	0	0	0	0
Comprehensive income (loss)	12,507	5,798	18,250	2,686
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Net income (loss)	77,934	31,805	121,024	40,063
Unrealized foreign currency translation gains	0	(1)	2	15
Realized (gains) losses for foreign currency translation on business disposal reclassified into Other income (expense), net	(43)	0	559	252
Net other comprehensive income (loss) related to foreign currency translation	(43)	(1)	561	267
Unrealized gains (losses) on derivatives for the period	(2,270)	4,441	16,004	3,395
Derivative (gains) losses reclassified into Net sales	13,829	(1,020)	30,807	(2,047)
Derivative (gains) losses reclassified into Cost of sales	3,465	(61)	12,240	(236)
Net other comprehensive income (loss) related to derivatives	(12,634)	5,400	(2,563)	5,206
Actuarial gains (losses) for the period, net of tax	(17)	1	2,155	(340)
Amortization included in pension cost	180	194	361	390
Net other comprehensive income (loss) related to defined benefit pension and severance plans	163	195	2,516	50
Other comprehensive income (loss) of investments in subsidiaries	0	0	0	0
Comprehensive income (loss)	65,420	37,399	121,538	45,586
Consolidation, Eliminations [Member]
Net income (loss)	(132,834)	(68,997)	(185,088)	(73,705)
Unrealized foreign currency translation gains	0	0	0	0
Realized (gains) losses for foreign currency translation on business disposal reclassified into Other income (expense), net	0	0	0	0
Net other comprehensive income (loss) related to foreign currency translation	0	0	0	0
Unrealized gains (losses) on derivatives for the period	0	0	0	0
Derivative (gains) losses reclassified into Net sales	0	0	0	0
Derivative (gains) losses reclassified into Cost of sales	0	0	0	0
Net other comprehensive income (loss) related to derivatives	0	0	0	0
Actuarial gains (losses) for the period, net of tax	0	0	0	0
Amortization included in pension cost	0	0	0	0
Net other comprehensive income (loss) related to defined benefit pension and severance plans	0	0	0	0
Other comprehensive income (loss) of investments in subsidiaries	23,781	(10,726)	(2,378)	(10,687)
Comprehensive income (loss)	$ (109,053)	$ (79,723)	$ (187,466)	$ (84,392)

XML

Hedging - Cash Flow Hedging Instruments (Details) - Cash flow hedging instruments - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivative (effective portion)		$ (2,270)	$ 4,441	$ 16,004	$ 3,395
Gain (loss) reclassified from accumulated OCI into income (effective portion)	[1]	10,364	(959)	18,567	(1,811)
Gain (loss) recognized in income on derivative (ineffective portion)	[1]	18	(107)	67	(428)
Currency Hedge Portfolio
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivative (effective portion)		(3,296)	2,694	15,131	2,774
Gain (loss) reclassified from accumulated OCI into income (effective portion)	[1]	13,829	(1,020)	30,807	(2,047)
Gain (loss) recognized in income on derivative (ineffective portion)	[1]	0	0	0	0
Bunker Fuel Forward Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized in OCI on derivative (effective portion)		1,026	1,747	873	621
Gain (loss) reclassified from accumulated OCI into income (effective portion)	[1]	(3,465)	61	(12,240)	236
Gain (loss) recognized in income on derivative (ineffective portion)	[1]	$ 18	$ (107)	$ 67	$ (428)

[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.

XML

Business Disposals (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal	$ 1
Cash payments upon disposal		$ 1
Annual sales for disposed business		2
Healthy Snacking Products [Member] | Non-core Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Loss on disposal		$ 3

XML

Commitments and Contingencies - Consumption Tax Refunds (Details) - Jan. 01, 2012 € in Millions, $ in Millions	EUR (€)	USD ($)
Salerno
Gain Contingencies [Line Items]
Other Liabilities	€ 20	$ 23

XML

Trade and Finance Receivables (Tables)

6 Months Ended

Jun. 30, 2015

Receivables [Abstract]

Finance receivables

Finance receivables were as follows:

	June 30, 2015					December 31, 2014					June 30, 2014
(In thousands)	Grower Receivables			Seller Financing		Grower Receivables			Seller Financing		Grower Receivables			Seller Financing
Gross receivable	$	32,437		$	23,491	$	36,089		$	25,629	$	34,012		$	25,327
Reserve	(31,660		)	—		(32,074		)	—		(32,777		)	—
Net receivable	$	777		$	23,491	$	4,015		$	25,629	$	1,235		$	25,327
Current portion, net	$	777		$	4,928	$	4,015		$	4,740	$	1,235		$	4,148
Long-term portion, net	—			18,563		—			20,889		—			21,179
Net receivable	$	777		$	23,491	$	4,015		$	25,629	$	1,235		$	25,327

XML

Debt Including Capital Lease Obligations - Build-to-suit Lease (Details)		1 Months Ended
		Jun. 30, 2012 renewal_option	Jun. 30, 2015 USD ($)	Dec. 31, 2014 USD ($)	Jun. 30, 2014 USD ($)
Capital Leased Assets [Line Items]
Carrying Value - Capital lease obligations	[1]		$ 40,970,000	$ 41,891,000	$ 42,558,000
Midwest [Member] | Salad production and warehousing facility
Capital Leased Assets [Line Items]
Lease term		20 years
Number of lease extensions | renewal_option		2
Lease extension term		5 years
Lessee Leasing Arrangements, Capital Leases, Discount Rate					6.40%
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	$ 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

XML

Trade and Finance Receivables - Trade Receivables (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014	Jun. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables, less allowances with Iranian customers	$ 246,324			$ 217,420	$ 271,895
Iranian customers
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables, less allowances with Iranian customers	6,000			$ 8,000	$ 12,000
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	$ 2,000	$ 9,000

XML

Supplemental Consolidating Financial Information Condensed Statement of Cash Flows (Details) - USD ($) $ in Thousands	2 Months Ended	6 Months Ended
	Feb. 27, 2015	Jun. 30, 2015	Jun. 30, 2014
Quarterly Financial Information, Quarterly Charges and Credits, Amount Reconciling to Previously Reported Results			$ 3,000
Operating cash flow		$ 85,224	38,183
Capital expenditures		(10,443)	(25,322)
Contribution to equity method investment			25,322
Investing activity with subsidiaries		0	0
Other, net		(212)	(978)
Investing cash flow		(10,655)	(26,300)
Proceeds from Related Party Debt		238,479	0
Repurchase of Convertible Notes		(146,401)	0
Redemption of 7.875% Notes		222,117	10,000
Repayments of the 2013 ABL Term Loan		(4,875)	(750)
Repayments of long-term debt and capital lease obligations		(2,367)	(146)
Payments for debt modification and issuance costs		(2,631)	(191)
Payments of debt extinguishment costs		0	(300)
Payments of stock-based compensation	$ (683,000)	(36,588)	0
Payment of dividend to related party		(45,374)	0
Proceeds from sale of common stock		154,836	0
Proceeds from capital contributions		89,604	0
Advance from related party		18,445
Payment of advance from related party		(18,445)
Financing activity with subsidiaries		0	0
Financing cash flow		22,566	(11,387)
Increase (decrease) in cash and equivalents		97,135	496
Cash and equivalents, beginning of period		48,160	54,017
Cash and equivalents, end of period		145,295	54,513
Consolidation, Eliminations [Member]
Operating cash flow		0	0
Capital expenditures		0
Contribution to equity method investment			0
Investing activity with subsidiaries		(52,881)	(3,496)
Other, net		0	0
Investing cash flow		52,881	3,496
Proceeds from Related Party Debt		0
Repurchase of Convertible Notes		0
Redemption of 7.875% Notes		0	0
Repayments of the 2013 ABL Term Loan		0	0
Borrowings under the 2015 ABL		0	0
Repayments of the 2015 ABL		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 capital contributions		0
Advance from related party		0
Payment of advance from related party		0
Financing activity with subsidiaries		52,881	3,496
Financing cash flow		(52,881)	(3,496)
Increase (decrease) in cash and equivalents		0	0
Cash and equivalents, beginning of period		0	0
Cash and equivalents, end of period		0	0
Parent Company [Member] | Reportable Legal Entities [Member]
Operating cash flow		(252,810)	0
Capital expenditures		0
Contribution to equity method investment			0
Investing activity with subsidiaries		0	0
Other, net		0	0
Investing cash flow		0	0
Proceeds from Related Party Debt		238,479
Repurchase of Convertible Notes		(146,401)
Redemption of 7.875% Notes		0	0
Repayments of the 2013 ABL Term Loan		0	0
Borrowings under the 2015 ABL		0	0
Repayments of the 2015 ABL		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)
Payment of dividend to related party		(45,374)
Proceeds from sale of common stock		154,836
Proceeds from capital contributions		89,604
Advance from related party		18,445
Payment of advance from related party		(18,445)
Financing activity with subsidiaries		0	0
Financing cash flow		254,556	0
Increase (decrease) in cash and equivalents		1,746	0
Cash and equivalents, beginning of period		0	0
Cash and equivalents, end of period		1,746	0
Subsidiary Issuer [Member] | Reportable Legal Entities [Member]
Operating cash flow		300,870	22,112
Capital expenditures		(1,165)
Contribution to equity method investment			1,607
Investing activity with subsidiaries		52,881	2,926
Other, net		0	0
Investing cash flow		(54,046)	(4,533)
Proceeds from Related Party Debt		0
Repurchase of Convertible Notes		0
Redemption of 7.875% Notes		222,117	10,000
Repayments of the 2013 ABL Term Loan		(4,875)	(750)
Repayments of long-term debt and capital lease obligations		0	0
Payments for debt modification and issuance costs		(2,631)	(191)
Payments of debt extinguishment costs			(300)
Payments of stock-based compensation		0
Payment of dividend to related party		0
Proceeds from sale of common stock		0
Proceeds from capital contributions		0
Advance from related party		0
Payment of advance from related party		0
Financing activity with subsidiaries		1,975	0
Financing cash flow		(231,598)	(11,241)
Increase (decrease) in cash and equivalents		15,226	6,338
Cash and equivalents, beginning of period		13,707	15,851
Cash and equivalents, end of period		28,933	22,189
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Operating cash flow		(925)	2,630
Capital expenditures		(1,418)
Contribution to equity method investment			4,910
Investing activity with subsidiaries		0	570
Other, net		0	44
Investing cash flow		(1,418)	(5,436)
Proceeds from Related Party Debt		0
Repurchase of Convertible Notes		0
Redemption of 7.875% Notes		0	0
Repayments of the 2013 ABL Term Loan		0	0
Borrowings under the 2015 ABL		0	0
Repayments of the 2015 ABL		0	0
Repayments of long-term debt and capital lease obligations		(2,180)	(120)
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 capital contributions		0
Advance from related party		0
Payment of advance from related party		0
Financing activity with subsidiaries		(52,881)	(2,926)
Financing cash flow		50,701	2,806
Increase (decrease) in cash and equivalents		48,358	0
Cash and equivalents, beginning of period		0	0
Cash and equivalents, end of period		48,358	0
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Operating cash flow		38,089	13,441
Capital expenditures		(7,860)
Contribution to equity method investment			18,805
Investing activity with subsidiaries		0	0
Other, net		(212)	(1,022)
Investing cash flow		(8,072)	(19,827)
Proceeds from Related Party Debt		0
Repurchase of Convertible Notes		0
Redemption of 7.875% Notes		0	0
Repayments of the 2013 ABL Term Loan		0	0
Borrowings under the 2015 ABL		0	0
Repayments of the 2015 ABL		0	0
Repayments of long-term debt and capital lease obligations		(187)	(26)
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)	(570)
Financing cash flow		1,788	544
Increase (decrease) in cash and equivalents		31,805	(5,842)
Cash and equivalents, beginning of period		34,453	38,166
Cash and equivalents, end of period		$ 66,258	32,324
2013 ABL [Member]
Borrowings under the 2015 ABL			24,000
Repayments of the 2015 ABL			$ 24,000

XML

Supplemental Consolidating Financial Information Condensed Balance Sheet (Tables)

6 Months Ended

Jun. 30, 2015

Condensed Balance Sheet [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
June 30, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	22,189	$	—	$	32,324	$	—		$	54,513
Trade receivables, less allowances	—		56,360		60,229		155,306		—			271,895
Other receivables, net	—		999		4,452		55,961		(837		)	60,575
Inventories	—		10,831		34,668		165,812		—			211,311
Prepaid expenses	954		1,631		9,137		27,417		—			39,139
Due from affiliates	57,210		2,168,269		1,394,702		558,114		(4,178,295		)	—
Other current assets	—		3,587		12,823		—		(9,014		)	7,396
Total current assets	58,164		2,263,866		1,516,011		994,934		(4,188,146		)	644,829
Property, plant and equipment, net	—		17,733		197,730		184,399		—			399,862
Investments and other assets, net	21,309		12,555		4,466		77,814		(6,397		)	109,747
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		82,182		47		—			82,229
Investments in and accounts with subsidiaries	1,439,143		1,129,504		1,535		—		(2,570,182		)	—
Total assets	$	1,518,616	$	3,631,743	$	1,858,519	$	1,436,694	$	(6,764,725	)	$	1,680,847
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,622	$	1,488	$	—		$	4,610
Accounts payable	3,143		4,937		89,973		153,526		—			251,579
Accrued liabilities	33,224		23,735		62,527		59,626		(9,851		)	169,261
Due to affiliates	919,544		1,668,253		1,225,080		365,418		(4,178,295		)	—
Total current liabilities	955,911		1,698,425		1,379,202		580,058		(4,188,146		)	425,450
Long-term debt and capital lease obligations, net of current portion	170,053		416,450		40,812		5,177		—			632,492
Accrued pension and other employee benefits	14,592		2,882		—		62,800		—			80,274
Deferred tax liabilities	235		66,653		46,293		—		(6,397		)	106,784
Other liabilities	1,571		8,190		9,427		40,405		—			59,593
Total liabilities	1,142,362		2,192,600		1,475,734		688,440		(4,194,543		)	1,304,593
Commitments and contingencies
Total shareholders' equity	376,254		1,439,143		382,785		748,254		(2,570,182		)	376,254
Total liabilities and shareholders' equity	$	1,518,616	$	3,631,743	$	1,858,519	$	1,436,694	$	(6,764,725	)	$	1,680,847

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)
June 30, 2015
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	1,746	$	28,933	$	48,358	$	66,258	$	—		$	145,295
Trade receivables, less allowances	—		58,294		62,154		125,876		—			246,324
Other receivables, net	—		7,242		4,790		48,503		—			60,535
Inventories	—		10,621		36,889		158,122		—			205,632
Prepaid expenses	477		2,104		5,886		31,298		—			39,765
Other current assets	96		6,224		11,369		413		(6,282		)	11,820
Total current assets	2,319		113,418		169,446		430,470		(6,282		)	709,371
Property, plant and equipment, net	—		8,501		184,246		184,823		—			377,570
Investments and other assets, net	9,954		8,655		3,606		74,842		—			97,057
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		72,840		21		—			72,861
Investments in and accounts with subsidiaries	1,478,712		1,307,670		3,443		—		(2,789,825		)	—
Due from affiliates	84,871		2,201,452		1,658,730		774,288		(4,719,341		)	—
Total assets	$	1,575,856	$	3,847,781	$	2,148,906	$	1,643,944	$	(7,515,448	)	$	1,701,039
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	—	$	1,622	$	1,641	$	—		$	3,263
Accounts payable	3,929		8,199		112,203		147,556		—			271,887
Accrued liabilities	24,860		16,201		57,383		57,130		—			155,574
Total current liabilities	28,789		24,400		171,208		206,327		—			430,724
Long-term debt and capital lease obligations, net of current portion	45,002		190,276		39,130		3,549		—			277,957
Accrued pension and other employee benefits	9,793		4,569		—		62,763		—			77,125
Deferred tax liabilities	—		79,867		26,613		—		(6,282		)	100,198
Other liabilities	—		7,636		22,686		41,920		—			72,242
Long-term related parties debt	238,479		—		—		—		—			238,479
Due to affiliates	749,479		2,062,321		1,469,996		437,545		(4,719,341		)	—
Total liabilities	1,071,542		2,369,069		1,729,633		752,104		(4,725,623		)	1,196,725
Commitments and contingencies
Total shareholders' equity	504,314		1,478,712		419,273		891,840		(2,789,825		)	504,314
Total liabilities and shareholders' equity	$	1,575,856	$	3,847,781	$	2,148,906	$	1,643,944	$	(7,515,448	)	$	1,701,039

XML

Hedging - Foreign Currency and Fuel Derivatives Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 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		$ 471		$ 259
Losses from fluctuations in the value of the net monetary assets exposed to euro exchange rates	$ 3,602	$ (1,595)	$ (7,342)	$ (3,946)

XML

Commitments and Contingencies - Contingency Accruals (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Proceedings in Europe
Accrual related to contingencies and legal proceedings	$ 3	$ 4	$ 4
Colombia
Accrual related to contingencies and legal proceedings	$ 4

XML

Reclassifications from Accumulated Other Comprehensive Income - Amounts Reclassified from AOCI (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Reclassifications from Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net		$ 953	$ 242	$ 1,555	$ 4,136
Net sales		(776,647)	(825,847)	(1,501,978)	(1,587,837)
Cost of sales		(638,240)	(716,307)	(1,260,851)	(1,401,559)
Prior service cost and recognized actuarial loss amortization related to pensions		(315)	(296)	(599)	(596)
Foreign Currency Gain (Loss) [Member] | Reclassifications from Accumulated Other Comprehensive Income
Reclassifications from Accumulated Other Comprehensive Income [Line Items]
Other income (expense), net		(43)	0	559	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		(13,829)	1,020	(30,807)	2,047
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		3,465	(61)	12,240	(236)
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			0		0	$ 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	[1]	$ 315	$ 296	$ 599	$ 596

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

XML

Debt Including Capital Lease Obligations - 7.875% Senior Secured Notes (Details) - USD ($)					2 Months Ended	3 Months Ended			6 Months Ended
	Feb. 06, 2015	Jan. 23, 2015	Jan. 21, 2015	Jan. 31, 2014	Feb. 27, 2015	Jun. 30, 2015	Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014		Feb. 15, 2015	Jan. 07, 2015	Dec. 31, 2014		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						$ 0	$ 0		$ (36,212,000)	$ (521,000)
Convertible debt
Debt Instrument [Line Items]
Stated interest rate on debt instrument						4.25%	4.25%		4.25%	4.25%				4.25%
Principal amount of debt component						$ 49,000,000	$ 200,000,000	[1]	$ 49,000,000	$ 200,000,000	[1]	$ 200,000,000		$ 200,000,000	[1]
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%		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				0.00%					107.90%
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 June 30, 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.

XML

Basis of Presentation

6 Months Ended

Jun. 30, 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

)

XML

Reclassifications from Accumulated Other Comprehensive Income - AOCI Roll Forward (Details) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015		Jun. 30, 2014		Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period		$ (6,951)		$ (25,751)		$ (20,082)		$ (25,783)
Other comprehensive income (loss) before reclassifications		(1,175)		3,877		19,273		2,505
Amounts reclassified from accumulated other comprehensive income		10,092		1,255		(17,409)		2,659
Net current-period other comprehensive income		(11,267)		5,132		1,864		5,164
Balance at end of period		(18,218)		(20,619)		(18,218)		(20,619)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period				(201)		(290)		(469)
Other comprehensive income (loss) before reclassifications				(1)				15
Amounts reclassified from accumulated other comprehensive income				0				252
Net current-period other comprehensive income				(1)				267
Net unrealized losses on qualifying cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period		314		(5,848)		7,299		(5,654)
Other comprehensive income (loss) before reclassifications		0		4,441		2		3,395
Amounts reclassified from accumulated other comprehensive income		43		959		559		1,811
Net current-period other comprehensive income		(43)		5,400		561		5,206
Balance at end of period		271		(202)		271		(202)
Accumulated Net Unrealized Investment Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period		17,370
Other comprehensive income (loss) before reclassifications		(2,270)				16,004
Amounts reclassified from accumulated other comprehensive income		10,364				(18,567)
Net current-period other comprehensive income		(12,634)				(2,563)
Balance at end of period		4,736		(448)		4,736		(448)
Net unrecognized losses related to pension and severance plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance at beginning of period		(24,635)	[1]	(19,702)	[2]	(27,091)	[1]	(19,660)	[2]
Other comprehensive income (loss) before reclassifications		1,095		(563)		3,267		(905)
Amounts reclassified from accumulated other comprehensive income		(315)		296		599		596
Net current-period other comprehensive income		1,410		(267)		3,866		(309)
Balance at end of period	[1]	$ (23,225)		(19,969)		$ (23,225)		(19,969)
Deferred Tax Liabilities, Other Comprehensive Income				$ 0				$ 0		$ 1	$ 0	$ 0	$ 1

[1] (1) Net of deferred tax asset of $521 thousand, $521 thousand and $401 thousand as of June 30, 2015, March 31, 2015 and December 31, 2014, respectively.

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

XML

Trade and Finance Receivables - Finance Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Grower Receivables
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivable	$ 32,437	$ 36,089	$ 34,012
Reserve	(31,660)	(32,074)	(32,777)
Net receivable	777	4,015	1,235
Current portion, net	777	4,015	1,235
Long-term portion, net	0	0	0
Seller Financing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Gross receivable	23,491	25,629	25,327
Reserve	0	0	0
Net receivable	23,491	25,629	25,327
Current portion, net	4,928	4,740	4,148
Long-term portion, net	$ 18,563	$ 20,889	$ 21,179

XML

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2015, December 31, 2014 and June 30, 2014:

		Assets (Liabilities)			Fair Value Measurements Using
(In thousands)		at Fair Value			Level 1		Level 2			Level 3
June 30, 2015
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	6,226		$	—	$	6,226		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(2		)	—		(2		)	—
	Net amount recorded in other current assets	6,224			—		6,224			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	1,460			—		1,460			—
Bunker fuel forward contracts	Gross amounts of recognized liabilities	(2,810		)	—		(2,810		)	—
Net amount recorded in accrued liabilities		(1,350		)	—		(1,350		)	—
June 30, 2015		$	4,874		$	—	$	4,874		$	—
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		$	—
June 30, 2014
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	1,259		$	—	$	1,259		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(1,171		)	—		(1,171		)	—
Bunker fuel forward contracts	Gross amounts of recognized assets	830			—		830			—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	(14		)	—		(14		)	—
30-day euro forward contracts	Gross amounts offset in the balance sheet	(84		)	—		(84		)	—
Net amount recorded in other current assets		820			—		820			—
Derivatives recorded in "Investments & other assets, net":
Bunker fuel forward contracts	Gross amounts of recognized assets	293					293
Net amount recorded in investments & other assets, net		293			—		293			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	2,482			—		2,482			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(3,081		)	—		(3,081		)	—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	322			—		322			—
Bunker fuel forward contracts	Gross amounts of recognized liabilities	(476		)	—		(476		)	—
30-day euro forward contracts	Gross amounts of recognized liabilities	(254		)	—		(254		)	—
	Net amount recorded in accrued liabilities	(1,007		)	—		(1,007		)	—
Derivatives recorded in "Other liabilities":
Bunker fuel forward contracts	Gross amounts of recognized liabilities	(10		)			(10		)
Net amount recorded in other liabilities		(10		)	—		(10		)	—
June 30, 2014		$	96		$	—	$	96		$	—

XML

Hedging (Tables)

6 Months Ended

Jun. 30, 2015

Derivative [Line Items]

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 June 30,					Six months ended June 30,
(In thousands)	2015		2014			2015			2014
Gains (losses) on 30-day euro forward contracts	N/A		$	471		N/A			$	259
Gains (losses) from fluctuations in the value of the net monetary assets exposed to euro exchange rates	$	3,602	(1,595		)	$	(7,342	)	(3,946		)

Schedule of Notional Amounts of Outstanding Derivative Positions

At June 30, 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	€34 million	$1.34/€	2015
Sold euro call options	€34 million	$1.39/€	2015
3.5% Rotterdam Barge fuel derivatives:
Bunker fuel forward contracts	12,700 mt	$549/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	)
Realized (gains) losses included in net income	(13,659		)	3,465			1,414			(61		)
Purchases (sales), net 2	—			—			—			—
Changes in fair value	(3,636		)	1,044			1,906			1,641
Balance at June 30	$	7,684		$	(2,810	)	$	(511	)	$	946

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 June 30, 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	$	7,535	$	(2,799	)	$	4,736

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 June 30, 2015									Quarter ended June 30, 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)	$	(3,296	)	$	1,026		$	(2,270	)	$	2,694		$	1,747		$	4,441
Gain (loss) reclassified from accumulated OCI into income (effective portion)1	13,829			(3,465		)	10,364			(1,020		)	61			(959		)
Loss recognized in income on derivative (ineffective portion)1	—			18			18			—			(107		)	(107		)

	Six months ended June 30, 2015							Six months ended June 30, 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)	$	15,131	$	873		$	16,004	$	2,774		$	621		$	3,395
Gain (loss) reclassified from accumulated OCI into income (effective portion)1	30,807		(12,240		)	18,567		(2,047		)	236			(1,811		)
Loss recognized in income on derivative (ineffective portion)1	—		67			67		—			(428		)	(428		)

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.

XML

Hedging - Deferred Net Gains (Losses) in AOCI Expected to Be Reclassed into Income (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred, Year One	$ 4,736
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	7,535
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	$ (2,799)

XML

Trade and Finance Receivables - Finance Receivables Allowance (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2013	Dec. 31, 2012
Grower receivables
Allowance for Doubtful Accounts Receivable [Roll Forward]
Reserve at beginning of period	$ 32,074
Reserve at end of period	31,660
Iranian customers | Customer not able to find acceptable methods of payment
Valuation Allowance [Line Items]
Reserve for trade receivables	$ 2,000	$ 2,000	$ 9,000

XML

Pension and Severance Benefits (Tables)

6 Months Ended

Jun. 30, 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 June 30,						Six Months Ended June 30,
(In thousands)	2015			2014			2015			2014
Service cost	$	1,957		$	1,855		$	3,915		$	3,710
Interest on projected benefit obligation	1,294			1,440			2,641			2,830
Expected return on plan assets	(169		)	(341		)	(497		)	(671		)
Recognized actuarial loss	283			264			535			532
Amortization of prior service cost	32			32			64			64
Defined benefit and severance plan expense	$	3,397		$	3,250		$	6,658		$	6,465

XML

Reclassifications from Accumulated Other Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 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 June 30,						(Income) / expense reclassified from AOCI for the six months ended June 30,
		2015			2014			2015			2014
Currency translation	Other income (expense), net	$	(43	)	$	—		$	559		$	252
Currency hedge portfolio derivatives	Net sales	(13,829		)	1,020			(30,807		)	2,047
Bunker fuel forward contracts	Cost of sales	3,465			(61		)	12,240			(236		)
Prior service cost and recognized actuarial loss amortization related to pensions*		315			296			599			596

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

Schedule of Accumulated Other Comprehensive Income (Loss)

The changes in the components of accumulated other comprehensive income, net of tax, for the quarter and six months ended June 30, 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 March 31, 2015	$	314		$	17,370		$	(24,635	)	$	(6,951	)
Other comprehensive income (loss) before reclassifications	—			(2,270		)	1,095			(1,175		)
Amounts reclassified from accumulated other comprehensive income	(43		)	(10,364		)	315			(10,092		)
Net current-period other comprehensive income	(43		)	(12,634		)	1,410			(11,267		)
Balance at June 30, 2015	$	271		$	4,736		$	(23,225	)	$	(18,218	)

(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			16,004			3,267			19,273
Amounts reclassified from accumulated other comprehensive income	559			(18,567		)	599			(17,409		)
Net current-period other comprehensive income	561			(2,563		)	3,866			1,864
Balance at June 30, 2015	$	271		$	4,736		$	(23,225	)	$	(18,218	)

⁽¹⁾ Net of deferred tax asset of $521 thousand, $521 thousand and $401 thousand as of June 30, 2015, March 31, 2015 and December 31, 2014, respectively.

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

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Net unrecognized losses related to pension and severance plans (1)			Total
Balance at March 31, 2014	$	(201	)	$	(5,848	)	$	(19,702	)	$	(25,751	)
Other comprehensive income (loss) before reclassifications	(1		)	4,441			(563		)	3,877
Amounts reclassified from accumulated other comprehensive income	—			959			296			1,255
Net current-period other comprehensive income	(1		)	5,400			(267		)	5,132
Balance at June 30, 2014	$	(202	)	$	(448	)	$	(19,969	)	$	(20,619	)

(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	15			3,395			(905		)	2,505
Amounts reclassified from accumulated other comprehensive income	252			1,811			596			2,659
Net current-period other comprehensive income	267			5,206			(309		)	5,164
Balance at June 30, 2014	$	(202	)	$	(448	)	$	(19,969	)	$	(20,619	)

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

XML

Related Party Transactions Statement - USD ($) $ in Thousands	6 Months Ended	24 Months Ended	39 Months Ended
	Jun. 30, 2015	Feb. 05, 2017	May. 06, 2020	Feb. 06, 2017	Feb. 05, 2015
Related Party Transaction [Line Items]
Accounts Payable, Related Parties	$ 2,000
Notes Payable, Related Parties, Current	1,000
Dividends	45,000
Advance from related party	$ 18,445
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%
All Tranches [Member] | Related party loan [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Parties					$ 238,000
Tranche A [Member] | Related party loan [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Parties					43,750
Tranche B [Member] | Related party loan [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Parties					43,750
Tranche C [Member] | Related party loan [Member]
Related Party Transaction [Line Items]
Notes Payable, Related Parties					$ 150,900
LIBOR | Related party loan [Member]
Related Party Transaction [Line Items]
Basis spread on variable rate		10000.00%	50000.00%
Weighted average interest rate				5.19%	1.19%

XML

Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Financial information for each segment follows:

	Quarter Ended June 30,						Six Months Ended June 30,
(In thousands)	2015			2014			2015			2014
Net sales:
Bananas	$	502,194		$	537,340		$	973,198		$	1,038,871
Salads and Healthy Snacks	248,108			249,317			478,341			478,928
Other Produce	26,345			39,190			50,439			70,038
	$	776,647		$	825,847		$	1,501,978		$	1,587,837
Operating income (loss):
Bananas1,4	$	65,984		$	43,332		$	94,561		$	64,021
Salads and Healthy Snacks2,4	27,818			7,227			38,719			3,742
Other Produce4	2,179			30			4,222			125
Corporate costs3,4	(25,833		)	(13,856		)	(80,284		)	(30,567		)
	$	70,148		$	36,733		$	57,218		$	37,321

¹  Includes $5 million of cost related to the changeover of vessels at the end of the leases and a$1 million gain on the sale of a ripening facility in Europe in the second quarter of 2014.

²  Includes $2 million of cost in the second quarter of 2014 related to inventory and equipment write downs and severance expense related to product resizing, product discontinuation and overhead savings initiatives.    

³  Includes $12 million and $3 million of transaction costs for the quarters ended June 30, 2015 and 2014, and $60 million and $9 million of transaction costs for the six months ended June 30, 2015 and 2014, respectively, related to the Merger Agreement and the terminated Fyffes plc. strategic combination.

⁴  Includes a reclassification of less than $1 million of transaction costs not properly classified as of March 31, 2015 and included in the Bananas segment, less than $1 million in Other Produce segment. and $3 million in Salads and Healthy Snacks segment, aggregating to $4 million which should have been included in Corporate costs.

XML

Merger Share Purchase and Change in Control (Details) - USD ($) $ / shares in Units, $ in Thousands		2 Months Ended	3 Months Ended	6 Months Ended
	Jan. 06, 2015	Feb. 27, 2015	Mar. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Jan. 07, 2015	Dec. 31, 2014	Oct. 26, 2014
SHARE PURCHASE AND CHANGE IN CONTROL [Abstract]
Share Price								$ 14.50
Tendered Shares	39,791,364
Shares tendered via guaranteed delivery	1,748,335
Sale of Stock, Percentage of Ownership after Transaction	84.46%
Required stock ownership						90.00%
Stock Issued During Period, Shares, New Issues	41,286,271
Common stock, shares outstanding				10,679,368	46,916,600	1,000	47,112,311
Business Acquisition, Transaction Costs						$ 746,000
Payments for Repurchase of Common Stock		$ 683,000		$ 36,588	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost			$ 37,000
Cash						$ 26,000

XML

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

XML

Supplemental Consolidating Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net sales	$ 776,647	$ 825,847	$ 1,501,978	$ 1,587,837
Cost of sales	638,240	716,307	1,260,851	1,401,559
Selling, general and administrative	41,481	54,955	90,882	109,346
Transaction costs	11,661	2,753	59,640	8,672
Depreciation	12,951	13,089	28,886	26,588
Amortization	2,342	2,342	4,684	4,683
Equity in losses (earnings) of investees	(176)	(332)	(183)	(332)
Operating income (loss)	70,148	36,733	57,218	37,321
Interest Income, Other	638	641	1,302	1,305
Interest Expense	(9,381)	(15,299)	(18,566)	(30,767)
Gains (Losses) on Extinguishment of Debt	0	0	(36,212)	(521)
Other Nonoperating Income (Expense)	(953)	(242)	(1,555)	(4,136)
Interest Expense, Related Party	0		0
Income (loss) before income taxes	60,452	21,833	2,187	3,202
Income tax benefit (expense)	(864)	(3,997)	(7,225)	(9,969)
Net income (loss)	59,588	17,836	(5,038)	(6,767)
Reportable Legal Entities [Member] | Parent Company [Member]
Net sales	0	0	0	0
Cost of sales	0	0	0	0
Selling, general and administrative	1,550	7,580	4,557	15,488
Transaction costs	1,459	2,753	39,503	8,672
Depreciation	0	0	0	0
Amortization	0	0	0	0
Equity in losses (earnings) of investees	(45,780)		(49,268)	(37,368)
Operating income (loss)	42,771	27,130	5,208	13,208
Interest Income, Other	0	0	0	0
Interest Expense	(2,319)	(5,295)	(6,301)	(10,587)
Gains (Losses) on Extinguishment of Debt			(17,112)	0
Other Nonoperating Income (Expense)	0	(2)	0	581
Interest Expense, Related Party	20,000		20,392
Income (loss) before income taxes	60,452	21,833	2,187	3,202
Income tax benefit (expense)	(864)	(3,997)	(7,225)	(9,969)
Net income (loss)	59,588	17,836	(5,038)	(6,767)
Reportable Legal Entities [Member] | Subsidiary Issuer [Member]
Net sales	209,558	225,172	409,911	434,216
Cost of sales	223,889	217,303	435,837	419,303
Selling, general and administrative	7,323	4,724	12,626	8,511
Transaction costs	3,913	0	8,009	0
Depreciation	2,712	1,094	8,036	2,370
Amortization	0	0	0	0
Equity in losses (earnings) of investees	(100,420)		(154,388)	(52,165)
Operating income (loss)	72,141	46,651	99,791	56,197
Interest Income, Other	0	0	0	2
Interest Expense	(6,284)	(9,175)	(10,689)	(18,406)
Gains (Losses) on Extinguishment of Debt			(19,100)	(521)
Other Nonoperating Income (Expense)	0	(13)	0	96
Interest Expense, Related Party	(20,077)		(20,734)
Income (loss) before income taxes	45,780	37,463	49,268	37,368
Income tax benefit (expense)	(3,387)	(6,069)	(3,454)	(6,412)
Net income (loss)	42,393	31,394	45,814	30,956
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Net sales	311,234	318,525	606,250	611,798
Cost of sales	264,030	276,824	518,069	539,696
Selling, general and administrative	12,731	21,644	29,967	43,816
Transaction costs	5,833	0	10,453	0
Depreciation	5,578	6,819	11,257	13,018
Amortization	2,336	2,336	4,671	4,671
Equity in losses (earnings) of investees	105		104	4,251
Operating income (loss)	20,621	10,124	31,729	6,346
Interest Income, Other	0	1	0	34
Interest Expense	(673)	(683)	(1,349)	(1,567)
Gains (Losses) on Extinguishment of Debt			0	0
Other Nonoperating Income (Expense)	0	84	0	(367)
Interest Expense, Related Party	204		(61)
Income (loss) before income taxes	20,152	9,526	30,319	4,446
Income tax benefit (expense)	(7,645)	(3,728)	(12,069)	(1,760)
Net income (loss)	12,507	5,798	18,250	2,686
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Net sales	508,988	538,098	981,765	1,040,357
Cost of sales	403,342	478,105	802,568	940,684
Selling, general and administrative	20,128	21,007	43,834	41,531
Transaction costs	456	0	1,675	0
Depreciation	4,661	5,176	9,593	11,200
Amortization	6	6	13	12
Equity in losses (earnings) of investees	(176)		(183)	(332)
Operating income (loss)	80,571	34,136	124,265	47,262
Interest Income, Other	638	640	1,302	1,269
Interest Expense	(105)	(146)	(227)	(207)
Gains (Losses) on Extinguishment of Debt			0	0
Other Nonoperating Income (Expense)	(953)	(334)	(1,555)	(4,856)
Interest Expense, Related Party	12		180
Income (loss) before income taxes	80,163	34,296	123,965	43,468
Income tax benefit (expense)	(2,229)	(2,491)	(2,941)	(3,405)
Net income (loss)	77,934	31,805	121,024	40,063
Consolidation, Eliminations [Member]
Net sales	(253,133)	(255,948)	(495,948)	(498,534)
Cost of sales	(253,021)	(255,925)	(495,623)	(498,124)
Selling, general and administrative	(251)	0	(102)	0
Transaction costs	0	0	0	0
Depreciation	0	0	0	0
Amortization	0	0	0	0
Equity in losses (earnings) of investees	146,095		203,552	85,282
Operating income (loss)	(145,956)	(81,308)	(203,775)	(85,692)
Interest Income, Other	0	0	0	0
Interest Expense	0	0	0	0
Gains (Losses) on Extinguishment of Debt			0	0
Other Nonoperating Income (Expense)	0	23	0	410
Interest Expense, Related Party	(139)		223
Income (loss) before income taxes	(146,095)	(81,285)	(203,552)	(85,282)
Income tax benefit (expense)	13,261	12,288	18,464	11,577
Net income (loss)	$ (132,834)	$ (68,997)	$ (185,088)	$ (73,705)

XML

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net sales	$ 776,647	$ 825,847	$ 1,501,978	$ 1,587,837
Cost of sales	638,240	716,307	1,260,851	1,401,559
Selling, general and administrative	41,481	54,955	90,882	109,346
Transaction costs	11,661	2,753	59,640	8,672
Depreciation	12,951	13,089	28,886	26,588
Amortization	2,342	2,342	4,684	4,683
Equity in losses (earnings) of investees	(176)	(332)	(183)	(332)
Operating income (loss)	70,148	36,733	57,218	37,321
Interest income	638	641	1,302	1,305
Interest expense	(9,381)	(15,299)	(18,566)	(30,767)
Loss on debt extinguishment	0	0	(36,212)	(521)
Other income (expense), net	(953)	(242)	(1,555)	(4,136)
Income (loss) before income taxes	60,452	21,833	2,187	3,202
Income tax benefit (expense)	(864)	(3,997)	(7,225)	(9,969)
Net income (loss)	$ 59,588	$ 17,836	$ (5,038)	$ (6,767)

XML

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Inventory, Net [Abstract]
Finished goods	$ 70,155	$ 65,084	$ 69,411
Growing crops	76,702	75,412	74,356
Raw materials, supplies and other	58,775	56,811	67,544
Inventory, net	$ 205,632	$ 197,307	$ 211,311

XML

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Statement of Financial Position [Abstract]
Trade receivables allowances	$ 17,529	$ 14,438	$ 19,545
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Common stock, shares outstanding	10,679,368	47,112,311	46,916,600

XML

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Assets (Liabilties) at Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets (liabilities) at fair value	$ 4,874	$ 7,745	$ 96
Assets (Liabilties) at Fair Value | Other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded assets	6,224	10,070	820
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 | 30-day euro forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets			(84)
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	6,226		1,259
Gross amounts offset in the balance sheets	(2)		(1,171)
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 of recognized assets			830
Gross amounts offset in the balance sheets			(14)
Assets (Liabilties) at Fair Value | Investments & other assets, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded assets			293
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			293
Assets (Liabilties) at Fair Value | Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded liabilities	1,350	2,325	(1,007)
Assets (Liabilties) at Fair Value | Accrued liabilities | Designated as cash flow hedges | Currency hedge portfolio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets	(1,460)	(14,103)	2,482
Gross amounts of recognized liabilities		438	(3,081)
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	322
Gross amounts of recognized liabilities	(2,810)		(476)
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			(254)
Assets (Liabilties) at Fair Value | Other Liabilities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded liabilities			(10)
Assets (Liabilties) at Fair Value | Other Liabilities [Member] | Designated as cash flow hedges | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized liabilities			(10)
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets (liabilities) at fair value	4,874	7,745	96
Level 2 | Other current assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded assets	6,224	10,070	820
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 | 30-day euro forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets			(84)
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	6,226		1,259
Gross amounts offset in the balance sheets	(2)		(1,171)
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 of recognized assets			830
Gross amounts offset in the balance sheets			(14)
Level 2 | Investments & other assets, net
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded assets			293
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			293
Level 2 | Accrued liabilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded liabilities	(1,350)	(2,325)	(1,007)
Level 2 | Accrued liabilities | Designated as cash flow hedges | Currency hedge portfolio
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts offset in the balance sheets	(1,460)	(14,103)	2,482
Gross amounts of recognized liabilities		438	(3,081)
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	322
Gross amounts of recognized liabilities	$ (2,810)		(476)
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			(254)
Level 2 | Other Liabilities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net amount of recorded liabilities			(10)
Level 2 | Other Liabilities [Member] | Designated as cash flow hedges | Bunker fuel forward contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Gross amounts of recognized liabilities			$ (10)

XML

Supplemental Consolidating Financial Information Condensed Statement of Income (Tables)

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Condensed Income Statement [Abstract]

Condensed Income Statement [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Quarter Ended June 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	225,172		$	318,525		$	538,098		$	(255,948	)	$	825,847
Cost of sales	—			217,303			276,824			478,105			(255,925		)	716,307
Selling, general and administrative	7,580			4,724			21,644			21,007			—			54,955
Transaction Costs	2,753			—			—			—			—			2,753
Depreciation	—			1,094			6,819			5,176			—			13,089
Amortization	—			—			2,336			6			—			2,342
Equity in losses of investees	(37,463		)	(44,600		)	778			(332		)	81,285			(332		)
Operating income (loss)	27,130			46,651			10,124			34,136			(81,308		)	36,733
Interest income	—			—			1			640			—			641
Interest expense	(5,295		)	(9,175		)	(683		)	(146		)	—			(15,299		)
Other income (expense), net	(2		)	(13		)	84			(334		)	23			(242		)
Income (loss) before income taxes	21,833			37,463			9,526			34,296			(81,285		)	21,833
Income tax expense	(3,997		)	(6,069		)	(3,728		)	(2,491		)	12,288			(3,997		)
Net income (loss)	$	17,836		$	31,394		$	5,798		$	31,805		$	(68,997	)	$	17,836

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Operations (Unaudited)
Quarter Ended June 30, 2015
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	209,558		$	311,234		$	508,988		$	(253,133	)	$	776,647
Cost of sales	—			223,889			264,030			403,342			(253,021		)	638,240
Selling, general and administrative	1,550			7,323			12,731			20,128			(251		)	41,481
Transaction costs	1,459			3,913			5,833			456			—			11,661
Depreciation	—			2,712			5,578			4,661			—			12,951
Amortization	—			—			2,336			6			—			2,342
Equity in losses (earnings) of investees and subsidiaries	(45,780		)	(100,420		)	105			(176		)	146,095			(176		)
Operating income (loss)	42,771			72,141			20,621			80,571			(145,956		)	70,148
Interest income	—			—			—			638			—			638
Interest expense	(2,319		)	(6,284		)	(673		)	(105		)	—			(9,381		)
Other income (expense), net	—			—			—			(953		)	—			(953		)
Intercompany interest and other	20,000			(20,077		)	204			12			(139		)	—
Income (loss) before income taxes	60,452			45,780			20,152			80,163			(146,095		)	60,452
Income tax benefit (expense)	(864		)	(3,387		)	(7,645		)	(2,229		)	13,261			(864		)
Net income (loss)	$	59,588		$	42,393		$	12,507		$	77,934		$	(132,834	)	$	59,588

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Six Months Ended June 30, 2015
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	409,911		$	606,250		$	981,765		$	(495,948	)	$	1,501,978
Cost of sales	—			435,837			518,069			802,568			(495,623		)	1,260,851
Selling, general and administrative	4,557			12,626			29,967			43,834			(102		)	90,882
Transaction Costs	39,503			8,009			10,453			1,675			—			59,640
Depreciation	—			8,036			11,257			9,593			—			28,886
Amortization	—			—			4,671			13			—			4,684
Equity in losses of investees	(49,268		)	(154,388		)	104			(183		)	203,552			(183		)
Operating income (loss)	5,208			99,791			31,729			124,265			(203,775		)	57,218
Interest income	—			—			—			1,302			—			1,302
Interest expense	(6,301		)	(10,689		)	(1,349		)	(227		)	—			(18,566		)
Loss on debt extinguishment	(17,112		)	(19,100		)	—			—			—			(36,212		)
Other income (expense), net	—			—			—			(1,555		)	—			(1,555		)
Intercompany interest and other	20,392			(20,734		)	(61		)	180			223			—
Income (loss) before income taxes	2,187			49,268			30,319			123,965			(203,552		)	2,187
Income tax expense	(7,225		)	(3,454		)	(12,069		)	(2,941		)	18,464			(7,225		)
Net income (loss)	$	(5,038	)	$	45,814		$	18,250		$	121,024		$	(185,088	)	$	(5,038	)

XML

Stock-Based Compensation (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	$ 37
Stock-based compensation expense		$ 1	$ 4

XML

New Accounting Standards

6 Months Ended

Jun. 30, 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
Simplifying the cost of Inventory	July 2015 ASU 2015-11	Modifies the measurement of inventory, excluding inventory measured using LIFO, to be reported at the lower of cost or net realizable value.	Financial statements for fiscal years after December 15, 2016.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, 2017. We will continue to evaluate the effect of the new standard moving forward.
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 the first quarter of 2018. Early adoption is 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.

XML

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

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Statement of Comprehensive Income [Abstract]

Condensed Statement Of Comprehensive Income [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Quarter Ended June 30, 2015
(in thousands)
	CBII			CBLLC			Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	59,588		$	42,393		$	12,507	$	77,934		$	(132,834	)	$	59,588
Other comprehensive income (loss), net of tax where applicable:
Unrealized foreign currency translation gains	—			—			—		—			—			—
Realized (gains) losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—			—		(43		)	—			(43		)
Net other comprehensive income (loss) related to foreign currency translation	—			—			—		(43		)	—			(43		)
Unrealized gains (losses) on derivatives for the period	—			—			—		(2,270		)	—			(2,270		)
Derivative gains reclassified into Net sales	—			—			—		(13,829		)	—			(13,829		)
Derivative losses reclassified into Cost of sales	—			—			—		3,465			—			3,465
Net other comprehensive income related to derivatives	—			—			—		(12,634		)	—			(12,634		)
Actuarial gains (losses) for the period, net of tax	—			1,112			—		(17		)	—			1,095
Amortization included in pension cost	—			135			—		180			—			315
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			1,247			—		163			—			1,410
Other comprehensive income (loss) of investments in subsidiaries	(11,267		)	(12,514		)	—		—			23,781			—
Comprehensive income (loss)	$	48,321		$	31,126		$	12,507	$	65,420		$	(109,053	)	$	48,321

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Quarter Ended June 30, 2014
(in thousands)
	CBII		CBLLC			Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)		(Co-issuer)			Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	17,836	$	31,394		$	5,798	$	31,805		$	(68,997	)	$	17,836
Unrealized foreign currency translation gains	—		—			—		(1		)	—			(1		)
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—		—			—		—			—			—
Net other comprehensive income related to foreign currency translation	—		—			—		(1		)	—			(1		)
Unrealized losses on derivatives for the period	—		—			—		4,441			—			4,441
Derivative losses reclassified into Net sales	—		—			—		1,020			—			1,020
Derivative gains reclassified into Cost of sales	—		—			—		(61		)	—			(61		)
Net other comprehensive loss related to derivatives	—		—			—		5,400			—			5,400
Actuarial losses for the period, net of tax	—		(564		)	—		1			—			(563		)
Amortization included in pension cost	—		102			—		194			—			296
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—		(462		)	—		195			—			(267		)
Other comprehensive income (loss) of investments in subsidiaries	5,132		5,594			—		—			(10,726		)	—
Comprehensive income (loss)	$	22,968	$	36,526		$	5,798	$	37,399		$	(79,723	)	$	22,968

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Six Months Ended June 30, 2015
(in thousands)
	CBII			CBLLC		Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(5,038	)	$	45,814	$	18,250	$	121,024		$	(185,088	)	$	(5,038	)
Other comprehensive income (loss), net of tax where applicable:
Unrealized foreign currency translation gains	—			—		—		2			—			2
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—		—		559			—			559
Net other comprehensive income related to foreign currency translation	—			—		—		561			—			561
Unrealized gains (losses) on derivatives for the period	—			—		—		16,004			—			16,004
Derivative gains reclassified into Net sales	—			—		—		(30,807		)	—			(30,807		)
Derivative losses reclassified into Cost of sales	—			—		—		12,240			—			12,240
Net other comprehensive income related to derivatives	—			—		—		(2,563		)	—			(2,563		)
Actuarial gains for the period, net of tax	—			1,112		—		2,155			—			3,267
Amortization included in pension cost	—			238		—		361			—			599
Net other comprehensive income related to defined benefit pension and severance plans	—			1,350		—		2,516			—			3,866
Other comprehensive income (loss) of investments in subsidiaries	1,864			514		—		—			(2,378		)	—
Comprehensive income (loss)	$	(3,174	)	$	47,678	$	18,250	$	121,538		$	(187,466	)	$	(3,174	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Six Months Ended June 30, 2015
(in thousands)
	CBII			CBLLC		Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(5,038	)	$	45,814	$	18,250	$	121,024		$	(185,088	)	$	(5,038	)
Other comprehensive income (loss), net of tax where applicable:
Unrealized foreign currency translation gains	—			—		—		2			—			2
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—		—		559			—			559
Net other comprehensive income related to foreign currency translation	—			—		—		561			—			561
Unrealized gains (losses) on derivatives for the period	—			—		—		16,004			—			16,004
Derivative gains reclassified into Net sales	—			—		—		(30,807		)	—			(30,807		)
Derivative losses reclassified into Cost of sales	—			—		—		12,240			—			12,240
Net other comprehensive income related to derivatives	—			—		—		(2,563		)	—			(2,563		)
Actuarial gains for the period, net of tax	—			1,112		—		2,155			—			3,267
Amortization included in pension cost	—			238		—		361			—			599
Net other comprehensive income related to defined benefit pension and severance plans	—			1,350		—		2,516			—			3,866
Other comprehensive income (loss) of investments in subsidiaries	1,864			514		—		—			(2,378		)	—
Comprehensive income (loss)	$	(3,174	)	$	47,678	$	18,250	$	121,538		$	(187,466	)	$	(3,174	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Six Months Ended June 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	434,216		$	611,798		$	1,040,357		$	(498,534	)	$	1,587,837
Cost of sales	—			419,303			539,696			940,684			(498,124		)	1,401,559
Selling, general and administrative	15,488			8,511			43,816			41,531			—			109,346
Transaction Costs	8,672			—			—			—			—			8,672
Depreciation	—			2,370			13,018			11,200			—			26,588
Amortization	—			—			4,671			12			—			4,683
Equity in losses in investees	(37,368		)	(52,165		)	4,251			(332		)	85,282			(332		)
Operating income (loss)	13,208			56,197			6,346			47,262			(85,692		)	37,321
Interest income	—			2			34			1,269			—			1,305
Interest expense	(10,587		)	(18,406		)	(1,567		)	(207		)	—			(30,767		)
Loss on debt extinguishment	—			(521		)	—			—			—			(521		)
Other income (expense), net	581			96			(367		)	(4,856		)	410			(4,136		)
Income (loss) before income taxes	3,202			37,368			4,446			43,468			(85,282		)	3,202
Income tax expense	(9,969		)	(6,412		)	(1,760		)	(3,405		)	11,577			(9,969		)
Net income (loss)	$	(6,767	)	$	30,956		$	2,686		$	40,063		$	(73,705	)	$	(6,767	)

XML

Business Disposals (Notes)

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

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

Business Disposals

In the second quarter of 2015, we finalized the closure of a dormant distribution business in Singapore for an immaterial amount, which was recorded in "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.

XML

Commitments and Contingencies - Colombia-Related - Tort Lawsuits (Details) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended	37 Months Ended	46 Months Ended
	Nov. 30, 2012 lawsuit	Jun. 30, 2015 USD ($) lawsuit	Jun. 30, 2014 USD ($)	Jun. 30, 2015 USD ($) lawsuit plaintiff	Jun. 30, 2014 USD ($)	Dec. 31, 2007 count	Mar. 31, 2011 lawsuit	Mar. 31, 2011 lawsuit	Feb. 28, 2010 lawsuit
Loss Contingencies [Line Items]
Interest income | $		$ 638	$ 641	$ 1,302	$ 1,305
Colombia | ATS lawsuits
Loss Contingencies [Line Items]
Number of lawsuits plead or dismissed after the parties reached a confidential settlement agreement | count						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 | plaintiff				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		8
Colombia | Pending litigation | Treble damages and disgorgement of profits without explanation
Loss Contingencies [Line Items]
Number of pending lawsuits		1		1
Colombia | Pending litigation | Specific demand
Loss Contingencies [Line Items]
Specific demand for compensatory damages | $		$ 10,000		$ 10,000
Specific demand for punitive damages | $		$ 10,000		$ 10,000
Colombia | Pending litigation | ATA lawsuits
Loss Contingencies [Line Items]
Number of new claims filed							4

XML

Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATIONS
Net income (loss)	$ (5,038)	$ (6,767)
Depreciation and amortization	33,570	31,271
Noncash portion of loss on debt extinguishment	36,212	521
Repayment of original issuance discounts	(6,161)	0
Reserve for trade receivables	4,238	0
Amortization of discount on Convertible Notes	2,935	6,003
Amortization of gain on sale of the shipping fleet	0	(6,290)
Stock-based compensation	16,165	3,419
Changes in current assets and liabilities and other	16,780	10,026
Operating cash flow	85,224	38,183
INVESTING
Capital expenditures	(10,443)	(25,322)
Other, net	(212)	(978)
Investing cash flow	(10,655)	(26,300)
FINANCING
Issuances of long-term debt with related party	238,479	0
Repurchase of Convertible Notes	(146,401)	0
Repayments of the 2013 ABL Term Loan	(4,875)	(750)
Repayments of long-term debt and capital lease obligations	(2,367)	(146)
Payments for debt modification and issuance costs	(2,631)	(191)
Payments of debt extinguishment costs	0	(300)
Payments of stock-based compensation	(36,588)	0
Payment of dividend to related party	(45,374)	0
Proceeds from sale of common stock	154,836	0
Proceeds from capital contributions	89,604	0
Advance from related party	18,445
Payment of advance from related party	(18,445)
Financing cash flow	22,566	(11,387)
Increase (decrease) in cash and equivalents	97,135	496
Cash and equivalents, beginning of period	48,160	54,017
Cash and equivalents, end of period	145,295	54,513
7.875% Senior Notes [Member]
OPERATIONS
Noncash portion of loss on debt extinguishment	22,735
2013 ABL Revolver [Member]
FINANCING
Proceeds from 2013 ABL Revolver	0	24,000
Repayments of 2013 ABL Revolver	0	(24,000)
2015 ABL [Member]
FINANCING
Borrowings under the 2015 ABL	16,000	0
Repayments of the 2015 ABL	(16,000)	0
7.875% Senior Notes | Senior Secured Notes, 7 Point 875 Percent, Due 2021 [Member]
FINANCING
Redemption of 7.875% Notes	(222,000)	(10,000)
Line of Credit [Member] | 2013 ABL Term Loan
FINANCING
Repayments of the 2013 ABL Term Loan	$ (4,875)	$ (750)

XML

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net income (loss)	$ 59,588	$ 17,836	$ (5,038)	$ (6,767)
Other comprehensive income (loss), net of tax, where applicable: [Abstract]
Unrealized foreign currency translation gains (losses)	0	(1)	2	15
Realized (gains) losses for foreign currency translation on business disposal reclassified into Other income (expense), net	(43)	0	559	252
Net other comprehensive income (loss) related to foreign currency translation	(43)	(1)	561	267
Unrealized gains (losses) on derivatives for the period	(2,270)	4,441	16,004	3,395
Derivative (gains) losses reclassified into Net sales	(13,829)	1,020	(30,807)	2,047
Derivative (gains) losses reclassified into Cost of sales	3,465	(61)	12,240	(236)
Net other comprehensive income (loss) related to derivatives	(12,634)	5,400	(2,563)	5,206
Actuarial gains (losses) for the period, net of $0, $0, $120 and $259, respectively, of income tax benefit	1,095	(563)	3,267	(905)
Amortization included in pension cost	315	296	599	596
Net other comprehensive income (loss) related to defined benefit pension and severance plans	1,410	(267)	3,866	(309)
Other comprehensive income (loss), net of tax	(11,267)	5,132	1,864	5,164
Comprehensive income (loss)	$ 48,321	$ 22,968	$ (3,174)	$ (1,603)

XML

Income Taxes

6 Months Ended

Jun. 30, 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 1.4% and 18.3% for the quarters ended June 30, 2015 and 2014, respectively and 330.4% and 311.3% for the six months ended June 30, 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 and six months ended June 30, 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 and six months ended June 30, 2015 and 2014 were also impacted by our continuing to maintain a full valuation allowance on U.S. net deferred tax assets.

We believe that it is reasonably possible that the amount of unrecognized income tax benefits and interest may decrease during the next 12 months by approximately $5 million related to the expiration of statutes of limitations, of which $5 million would reduce income tax expense.

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 June 30, 2015, December 31, 2014 or June 30, 2014 balance sheets. In July 2015, we entered into discussions with the tax authority in Ecuador and expect to favorably resolve this matter in the third quarter of 2015.

XML

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 12, 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	Jun. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		10,679,368

XML

Advertising and Promotion Expense

6 Months Ended

Jun. 30, 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 $7 million for each of the quarters ended June 30, 2015 and 2014, and were $16 million and $15 million for the six months ended June 30, 2015 and 2014, respectively.

XML

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Actuarial losses for the period, tax benefit	$ 0	$ 0	$ 120	$ 259

XML

Inventories

6 Months Ended

Jun. 30, 2015

Inventory, Net [Abstract]

Inventories

Inventories

Inventories consist of the following:

(In thousands)	June 30, 2015		December 31, 2014		June 30, 2014
Finished goods	$	70,155	$	65,084	$	69,411
Growing crops	76,702		75,412		74,356
Raw materials, supplies and other	58,775		56,811		67,544
	$	205,632	$	197,307	$	211,311

XML

Trade and Finance Receivables

6 Months Ended

Jun. 30, 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 $6 million, $8 million and $12 million of "Trade receivables, less allowances" on the Condensed Consolidated Balance Sheet as of June 30, 2015, December 31, 2014 and June 30, 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, an additional $2 million in 2013, and another $2 million in 2015 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:

	June 30, 2015					December 31, 2014					June 30, 2014
(In thousands)	Grower Receivables			Seller Financing		Grower Receivables			Seller Financing		Grower Receivables			Seller Financing
Gross receivable	$	32,437		$	23,491	$	36,089		$	25,629	$	34,012		$	25,327
Reserve	(31,660		)	—		(32,074		)	—		(32,777		)	—
Net receivable	$	777		$	23,491	$	4,015		$	25,629	$	1,235		$	25,327
Current portion, net	$	777		$	4,928	$	4,015		$	4,740	$	1,235		$	4,148
Long-term portion, net	—			18,563		—			20,889		—			21,179
Net receivable	$	777		$	23,491	$	4,015		$	25,629	$	1,235		$	25,327

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 six months ended June 30, 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 June 30, 2015, payments are current on this note receivable.

XML

Supplemental Consolidating Financial Information (Notes)

6 Months Ended

Jun. 30, 2015

Guarantor Financial Statements [Abstract]

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 June 30, 2015
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	209,558		$	311,234		$	508,988		$	(253,133	)	$	776,647
Cost of sales	—			223,889			264,030			403,342			(253,021		)	638,240
Selling, general and administrative	1,550			7,323			12,731			20,128			(251		)	41,481
Transaction costs	1,459			3,913			5,833			456			—			11,661
Depreciation	—			2,712			5,578			4,661			—			12,951
Amortization	—			—			2,336			6			—			2,342
Equity in losses (earnings) of investees and subsidiaries	(45,780		)	(100,420		)	105			(176		)	146,095			(176		)
Operating income (loss)	42,771			72,141			20,621			80,571			(145,956		)	70,148
Interest income	—			—			—			638			—			638
Interest expense	(2,319		)	(6,284		)	(673		)	(105		)	—			(9,381		)
Other income (expense), net	—			—			—			(953		)	—			(953		)
Intercompany interest and other	20,000			(20,077		)	204			12			(139		)	—
Income (loss) before income taxes	60,452			45,780			20,152			80,163			(146,095		)	60,452
Income tax benefit (expense)	(864		)	(3,387		)	(7,645		)	(2,229		)	13,261			(864		)
Net income (loss)	$	59,588		$	42,393		$	12,507		$	77,934		$	(132,834	)	$	59,588

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Quarter Ended June 30, 2015
(in thousands)
	CBII			CBLLC			Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	59,588		$	42,393		$	12,507	$	77,934		$	(132,834	)	$	59,588
Other comprehensive income (loss), net of tax where applicable:
Unrealized foreign currency translation gains	—			—			—		—			—			—
Realized (gains) losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—			—		(43		)	—			(43		)
Net other comprehensive income (loss) related to foreign currency translation	—			—			—		(43		)	—			(43		)
Unrealized gains (losses) on derivatives for the period	—			—			—		(2,270		)	—			(2,270		)
Derivative gains reclassified into Net sales	—			—			—		(13,829		)	—			(13,829		)
Derivative losses reclassified into Cost of sales	—			—			—		3,465			—			3,465
Net other comprehensive income related to derivatives	—			—			—		(12,634		)	—			(12,634		)
Actuarial gains (losses) for the period, net of tax	—			1,112			—		(17		)	—			1,095
Amortization included in pension cost	—			135			—		180			—			315
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—			1,247			—		163			—			1,410
Other comprehensive income (loss) of investments in subsidiaries	(11,267		)	(12,514		)	—		—			23,781			—
Comprehensive income (loss)	$	48,321		$	31,126		$	12,507	$	65,420		$	(109,053	)	$	48,321

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Quarter Ended June 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	225,172		$	318,525		$	538,098		$	(255,948	)	$	825,847
Cost of sales	—			217,303			276,824			478,105			(255,925		)	716,307
Selling, general and administrative	7,580			4,724			21,644			21,007			—			54,955
Transaction Costs	2,753			—			—			—			—			2,753
Depreciation	—			1,094			6,819			5,176			—			13,089
Amortization	—			—			2,336			6			—			2,342
Equity in losses of investees	(37,463		)	(44,600		)	778			(332		)	81,285			(332		)
Operating income (loss)	27,130			46,651			10,124			34,136			(81,308		)	36,733
Interest income	—			—			1			640			—			641
Interest expense	(5,295		)	(9,175		)	(683		)	(146		)	—			(15,299		)
Other income (expense), net	(2		)	(13		)	84			(334		)	23			(242		)
Income (loss) before income taxes	21,833			37,463			9,526			34,296			(81,285		)	21,833
Income tax expense	(3,997		)	(6,069		)	(3,728		)	(2,491		)	12,288			(3,997		)
Net income (loss)	$	17,836		$	31,394		$	5,798		$	31,805		$	(68,997	)	$	17,836

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Quarter Ended June 30, 2014
(in thousands)
	CBII		CBLLC			Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)		(Co-issuer)			Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	17,836	$	31,394		$	5,798	$	31,805		$	(68,997	)	$	17,836
Unrealized foreign currency translation gains	—		—			—		(1		)	—			(1		)
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—		—			—		—			—			—
Net other comprehensive income related to foreign currency translation	—		—			—		(1		)	—			(1		)
Unrealized losses on derivatives for the period	—		—			—		4,441			—			4,441
Derivative losses reclassified into Net sales	—		—			—		1,020			—			1,020
Derivative gains reclassified into Cost of sales	—		—			—		(61		)	—			(61		)
Net other comprehensive loss related to derivatives	—		—			—		5,400			—			5,400
Actuarial losses for the period, net of tax	—		(564		)	—		1			—			(563		)
Amortization included in pension cost	—		102			—		194			—			296
Net other comprehensive income (loss) related to defined benefit pension and severance plans	—		(462		)	—		195			—			(267		)
Other comprehensive income (loss) of investments in subsidiaries	5,132		5,594			—		—			(10,726		)	—
Comprehensive income (loss)	$	22,968	$	36,526		$	5,798	$	37,399		$	(79,723	)	$	22,968

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Six Months Ended June 30, 2015
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	409,911		$	606,250		$	981,765		$	(495,948	)	$	1,501,978
Cost of sales	—			435,837			518,069			802,568			(495,623		)	1,260,851
Selling, general and administrative	4,557			12,626			29,967			43,834			(102		)	90,882
Transaction Costs	39,503			8,009			10,453			1,675			—			59,640
Depreciation	—			8,036			11,257			9,593			—			28,886
Amortization	—			—			4,671			13			—			4,684
Equity in losses of investees	(49,268		)	(154,388		)	104			(183		)	203,552			(183		)
Operating income (loss)	5,208			99,791			31,729			124,265			(203,775		)	57,218
Interest income	—			—			—			1,302			—			1,302
Interest expense	(6,301		)	(10,689		)	(1,349		)	(227		)	—			(18,566		)
Loss on debt extinguishment	(17,112		)	(19,100		)	—			—			—			(36,212		)
Other income (expense), net	—			—			—			(1,555		)	—			(1,555		)
Intercompany interest and other	20,392			(20,734		)	(61		)	180			223			—
Income (loss) before income taxes	2,187			49,268			30,319			123,965			(203,552		)	2,187
Income tax expense	(7,225		)	(3,454		)	(12,069		)	(2,941		)	18,464			(7,225		)
Net income (loss)	$	(5,038	)	$	45,814		$	18,250		$	121,024		$	(185,088	)	$	(5,038	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Six Months Ended June 30, 2015
(in thousands)
	CBII			CBLLC		Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)		Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(5,038	)	$	45,814	$	18,250	$	121,024		$	(185,088	)	$	(5,038	)
Other comprehensive income (loss), net of tax where applicable:
Unrealized foreign currency translation gains	—			—		—		2			—			2
Realized losses for foreign currency translation on business disposal reclassified into Other income (expense), net	—			—		—		559			—			559
Net other comprehensive income related to foreign currency translation	—			—		—		561			—			561
Unrealized gains (losses) on derivatives for the period	—			—		—		16,004			—			16,004
Derivative gains reclassified into Net sales	—			—		—		(30,807		)	—			(30,807		)
Derivative losses reclassified into Cost of sales	—			—		—		12,240			—			12,240
Net other comprehensive income related to derivatives	—			—		—		(2,563		)	—			(2,563		)
Actuarial gains for the period, net of tax	—			1,112		—		2,155			—			3,267
Amortization included in pension cost	—			238		—		361			—			599
Net other comprehensive income related to defined benefit pension and severance plans	—			1,350		—		2,516			—			3,866
Other comprehensive income (loss) of investments in subsidiaries	1,864			514		—		—			(2,378		)	—
Comprehensive income (loss)	$	(3,174	)	$	47,678	$	18,250	$	121,538		$	(187,466	)	$	(3,174	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of (Operations) (Unaudited)
Six Months Ended June 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	434,216		$	611,798		$	1,040,357		$	(498,534	)	$	1,587,837
Cost of sales	—			419,303			539,696			940,684			(498,124		)	1,401,559
Selling, general and administrative	15,488			8,511			43,816			41,531			—			109,346
Transaction Costs	8,672			—			—			—			—			8,672
Depreciation	—			2,370			13,018			11,200			—			26,588
Amortization	—			—			4,671			12			—			4,683
Equity in losses in investees	(37,368		)	(52,165		)	4,251			(332		)	85,282			(332		)
Operating income (loss)	13,208			56,197			6,346			47,262			(85,692		)	37,321
Interest income	—			2			34			1,269			—			1,305
Interest expense	(10,587		)	(18,406		)	(1,567		)	(207		)	—			(30,767		)
Loss on debt extinguishment	—			(521		)	—			—			—			(521		)
Other income (expense), net	581			96			(367		)	(4,856		)	410			(4,136		)
Income (loss) before income taxes	3,202			37,368			4,446			43,468			(85,282		)	3,202
Income tax expense	(9,969		)	(6,412		)	(1,760		)	(3,405		)	11,577			(9,969		)
Net income (loss)	$	(6,767	)	$	30,956		$	2,686		$	40,063		$	(73,705	)	$	(6,767	)

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Comprehensive Income (Unaudited)
Six Months Ended June 30, 2014
(in thousands)
	CBII			CBLLC			Guarantor		Non-Guarantor			Consolidating			Company
	(Co-issuer)			(Co-issuer)			Subsidiaries		Subsidiaries			Eliminations			Consolidated
Net income (loss)	$	(6,767	)	$	30,956		$	2,686	$	40,063		$	(73,705	)	$	(6,767	)
Other comprehensive income (loss), net of tax where applicable:
Unrealized foreign currency translation gains	—			—			—		15			—			15
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	—			—			—		267			—			267
Unrealized gains (losses) on derivatives for the period	—			—			—		3,395			—			3,395
Derivative gains reclassified into Net sales	—			—			—		2,047			—			2,047
Derivative losses reclassified into Cost of sales	—			—			—		(236		)	—			(236		)
Net other comprehensive income related to derivatives	—			—			—		5,206			—			5,206
Actuarial gains for the period, net of tax	—			(565		)	—		(340		)	—			(905		)
Amortization included in pension cost	—			206			—		390			—			596
Net other comprehensive income related to defined benefit pension and severance plans	—			(359		)	—		50			—			(309		)
Other comprehensive income (loss) of investments in subsidiaries	5,164			5,523			—		—			(10,687		)	—
Comprehensive income (loss)	$	(1,603	)	$	36,120		$	2,686	$	45,586		$	(84,392	)	$	(1,603	)

Chiquita Brands International, Inc.
Condensed Consolidating Balance Sheet (Unaudited)
June 30, 2015
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	1,746	$	28,933	$	48,358	$	66,258	$	—		$	145,295
Trade receivables, less allowances	—		58,294		62,154		125,876		—			246,324
Other receivables, net	—		7,242		4,790		48,503		—			60,535
Inventories	—		10,621		36,889		158,122		—			205,632
Prepaid expenses	477		2,104		5,886		31,298		—			39,765
Other current assets	96		6,224		11,369		413		(6,282		)	11,820
Total current assets	2,319		113,418		169,446		430,470		(6,282		)	709,371
Property, plant and equipment, net	—		8,501		184,246		184,823		—			377,570
Investments and other assets, net	9,954		8,655		3,606		74,842		—			97,057
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		72,840		21		—			72,861
Investments in and accounts with subsidiaries	1,478,712		1,307,670		3,443		—		(2,789,825		)	—
Due from affiliates	84,871		2,201,452		1,658,730		774,288		(4,719,341		)	—
Total assets	$	1,575,856	$	3,847,781	$	2,148,906	$	1,643,944	$	(7,515,448	)	$	1,701,039
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	—	$	1,622	$	1,641	$	—		$	3,263
Accounts payable	3,929		8,199		112,203		147,556		—			271,887
Accrued liabilities	24,860		16,201		57,383		57,130		—			155,574
Total current liabilities	28,789		24,400		171,208		206,327		—			430,724
Long-term debt and capital lease obligations, net of current portion	45,002		190,276		39,130		3,549		—			277,957
Accrued pension and other employee benefits	9,793		4,569		—		62,763		—			77,125
Deferred tax liabilities	—		79,867		26,613		—		(6,282		)	100,198
Other liabilities	—		7,636		22,686		41,920		—			72,242
Long-term related parties debt	238,479		—		—		—		—			238,479
Due to affiliates	749,479		2,062,321		1,469,996		437,545		(4,719,341		)	—
Total liabilities	1,071,542		2,369,069		1,729,633		752,104		(4,725,623		)	1,196,725
Commitments and contingencies
Total shareholders' equity	504,314		1,478,712		419,273		891,840		(2,789,825		)	504,314
Total liabilities and shareholders' equity	$	1,575,856	$	3,847,781	$	2,148,906	$	1,643,944	$	(7,515,448	)	$	1,701,039

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)
June 30, 2014
(in thousands)
	CBII		CBLLC		Guarantor		Non-Guarantor		Consolidating			Company
	(Co-Issuer)		(Co-issuer)		Subsidiaries		Subsidiaries		Eliminations			Consolidated
ASSETS
Current assets:
Cash and equivalents	$	—	$	22,189	$	—	$	32,324	$	—		$	54,513
Trade receivables, less allowances	—		56,360		60,229		155,306		—			271,895
Other receivables, net	—		999		4,452		55,961		(837		)	60,575
Inventories	—		10,831		34,668		165,812		—			211,311
Prepaid expenses	954		1,631		9,137		27,417		—			39,139
Due from affiliates	57,210		2,168,269		1,394,702		558,114		(4,178,295		)	—
Other current assets	—		3,587		12,823		—		(9,014		)	7,396
Total current assets	58,164		2,263,866		1,516,011		994,934		(4,188,146		)	644,829
Property, plant and equipment, net	—		17,733		197,730		184,399		—			399,862
Investments and other assets, net	21,309		12,555		4,466		77,814		(6,397		)	109,747
Trademarks	—		208,085		38,500		179,500		—			426,085
Goodwill	—		—		18,095		—		—			18,095
Other intangible assets, net	—		—		82,182		47		—			82,229
Investments in and accounts with subsidiaries	1,439,143		1,129,504		1,535		—		(2,570,182		)	—
Total assets	$	1,518,616	$	3,631,743	$	1,858,519	$	1,436,694	$	(6,764,725	)	$	1,680,847
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Current portion of long-term debt and capital lease obligations	$	—	$	1,500	$	1,622	$	1,488	$	—		$	4,610
Accounts payable	3,143		4,937		89,973		153,526		—			251,579
Accrued liabilities	33,224		23,735		62,527		59,626		(9,851		)	169,261
Due to affiliates	919,544		1,668,253		1,225,080		365,418		(4,178,295		)	—
Total current liabilities	955,911		1,698,425		1,379,202		580,058		(4,188,146		)	425,450
Long-term debt and capital lease obligations, net of current portion	170,053		416,450		40,812		5,177		—			632,492
Accrued pension and other employee benefits	14,592		2,882		—		62,800		—			80,274
Deferred tax liabilities	235		66,653		46,293		—		(6,397		)	106,784
Other liabilities	1,571		8,190		9,427		40,405		—			59,593
Total liabilities	1,142,362		2,192,600		1,475,734		688,440		(4,194,543		)	1,304,593
Commitments and contingencies
Total shareholders' equity	376,254		1,439,143		382,785		748,254		(2,570,182		)	376,254
Total liabilities and shareholders' equity	$	1,518,616	$	3,631,743	$	1,858,519	$	1,436,694	$	(6,764,725	)	$	1,680,847

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Six Months Ended June 30, 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	$	(252,810	)	$	300,870		$	(925	)	$	38,089		$	—		$	85,224
Capital expenditures	—			(1,165		)	(1,418		)	(7,860		)	—			(10,443		)
Investing activity with subsidiaries	—			(52,881		)	—			—			52,881			—
Other, net	—			—			—			(212		)	—			(212		)
Investing cash flow	—			(54,046		)	(1,418		)	(8,072		)	52,881			(10,655		)
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	—			(16,000		)	—			—			—			(16,000		)
Repayments of long-term debt and capital lease obligations	—			—			(2,180		)	(187		)	—			(2,367		)
Payments for debt modification and issuance costs	—			(2,631		)	—			—			—			(2,631		)
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	89,604			—			—			—			—			89,604
Advance from related party	18,445			—			—			—			—			18,445
Repayment of advance from related party	(18,445		)	—			—			—			—			(18,445		)
Financing activity with subsidiaries	—			(1,975		)	52,881			1,975			(52,881		)	—
Financing cash flow	254,556			(231,598		)	50,701			1,788			(52,881		)	22,566
Increase (decrease) in cash and equivalents	1,746			15,226			48,358			31,805			—			97,135
Cash and equivalents, beginning of period	—			13,707			—			34,453			—			48,160
Cash and equivalents, end of period	$	1,746		$	28,933		$	48,358		$	66,258		$	—		$	145,295

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Six months Ended June 30, 2014
(in thousands)
	CBII		CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-Issuer)		(Co-Issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash provided (used) by:
Operating cash flow	$	—	$	22,112		$	2,630		$	13,441		$	—		$	38,183
Capital expenditures	—		(1,607		)	(4,910		)	(18,805		)	—			(25,322		)
Investing activity with subsidiaries1	—		(2,926		)	(570		)	—			3,496			—
Other, net	—		—			44			(1,022		)	—			(978		)
Investing cash flow	—		(4,533		)	(5,436		)	(19,827		)	3,496			(26,300		)
Redemption of 7.875% Notes	—		(10,000		)	—			—			—			(10,000		)
Borrowings under the 2013 ABL Revolver	—		24,000			—			—			—			24,000
Repayments of the 2013 ABL Revolver	—		(24,000		)	—			—			—			(24,000		)
Repayments of the 2013 ABL Term Loan	—		(750		)	—			—			—			(750		)
Repayments of long-term debt and capital lease obligations	—		—			(120		)	(26		)	—			(146		)
Payments for debt modification and issuance costs	—		(191		)	—			—			—			(191		)
Payments of debt extinguishment costs	—		(300		)	—			—			—			(300		)
Financing activity with subsidiaries1	—		—			2,926			570			(3,496		)	—
Financing cash flow	—		(11,241		)	2,806			544			(3,496		)	(11,387		)
Increase (decrease) in cash and equivalents	—		6,338			—			(5,842		)	—			496
Cash and equivalents, beginning of period	—		15,851			—			38,166			—			54,017
Cash and equivalents, end of period	$	—	$	22,189		$	—		$	32,324		$	—		$	54,513

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 six months ended June 30, 2014.

XML

Stock-Based Compensation

6 Months Ended

Jun. 30, 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 or other applicable agreements. The change-in-control vesting resulted in a total payout of $37 million during the quarter ended March 31, 2015. There has been no additional stock compensation expense for the quarter ended June 30, 2015 and stock-based compensation expense totaled $1 million for the quarter ended June 30, 2014. Stock-based compensation expense for the for the six months ended June 30, 2015 and 2014 totaled $16 million and $4 million, respectively. The stock plan was terminated in August 2015. See Note 2 for further details regarding the change in control.

XML

Pension and Severance Benefits

6 Months Ended

Jun. 30, 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 June 30,						Six Months Ended June 30,
(In thousands)	2015			2014			2015			2014
Service cost	$	1,957		$	1,855		$	3,915		$	3,710
Interest on projected benefit obligation	1,294			1,440			2,641			2,830
Expected return on plan assets	(169		)	(341		)	(497		)	(671		)
Recognized actuarial loss	283			264			535			532
Amortization of prior service cost	32			32			64			64
Defined benefit and severance plan expense	$	3,397		$	3,250		$	6,658		$	6,465

XML

Pension and Severance Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Compensation and Retirement Disclosure [Abstract]
Service cost	$ 1,957	$ 1,855	$ 3,915	$ 3,710
Interest on projected benefit obligation	1,294	1,440	2,641	2,830
Expected return on plan assets	(169)	(341)	(497)	(671)
Recognized actuarial loss	283	264	535	532
Amortization of prior service cost	32	32	64	64
Defined benefit and severance plan expense	$ 3,397	$ 3,250	$ 6,658	$ 6,465

XML

Debt Including Capital Lease Obligations

6 Months Ended

Jun. 30, 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:

	June 30, 2015					December 31, 2014					June 30, 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	$	190,277		$	205,000	$	412,483		$	447,000	$	412,325		$	455,000
4.25% Convertible Senior Notes due 2016	45,002			45,000		176,431			200,000		170,053			200,000
2013 ABL Term Loan	—			—		4,875			4,800		5,625			5,000
Capital lease obligations2	40,970			40,900		41,891			41,800		42,558			42,000
Other debt	4,971			4,900		6,541			6,500		6,541			6,000
Less current portion	(3,263		)			(4,703		)			(4,610		)
Total long-term debt and capital lease obligations	$	277,957				$	637,518				$	632,492

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 costs 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. This offer was made but no notes were tendered.

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 have tendered 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)	June 30, 2015			December 31, 2014			June 30, 2014
Principal amount of debt component1	$	49,071		$	200,000		$	200,000
Unamortized discount	(4,069		)	(23,569		)	(29,947		)
Net carrying amount of debt component	$	45,002		$	176,431		$	170,053

¹  As of December 31, 2014 and June 30, 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 June 30, 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 June 30,				Six Months Ended June 30,
(In thousands)	2015		2014		2015		2014
4.25% coupon interest	$	522	$	2,125	$	1,845	$	4,250
Amortization of deferred financing fees	28		117		86		235
Amortization of discount on the debt component	844		3,046		2,935		6,003
Total interest expense related to the Convertible Notes	$	1,394	$	5,288	$	4,866	$	10,488

RELATED PARTY LOAN

In connection with the partial extinguishment of the 7.875% Notes and the Convertible Notes as described above, CBII entered into a related party loan that totaled $238 million with its shareholder Chiquita US, as further discussed in Note 16.

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 June 30, 2015, the weighted average interest rate for the 2015 ABL was LIBOR plus 1.25%, or 1.44%.

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% Notes, 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 June 30, 2015, we had no borrowings under the 2015 ABL. We had $93 million of availability under the 2015 ABL after $25 million was used to support letters of credit.

At June 30, 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. As of April 1, 2015 an interest rate of 6.4% is used to calculate the capital lease liability and future payments. Lease payments increase annually based on CPI. The total liability related to this facility was $41 million, $41 million and $42 million at June 30, 2015, December 31, 2014 and June 30, 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%.

XML

Fair Value Measurements

6 Months Ended

Jun. 30, 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 June 30, 2015, December 31, 2014 and June 30, 2014:

		Assets (Liabilities)			Fair Value Measurements Using
(In thousands)		at Fair Value			Level 1		Level 2			Level 3
June 30, 2015
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	6,226		$	—	$	6,226		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(2		)	—		(2		)	—
	Net amount recorded in other current assets	6,224			—		6,224			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	1,460			—		1,460			—
Bunker fuel forward contracts	Gross amounts of recognized liabilities	(2,810		)	—		(2,810		)	—
Net amount recorded in accrued liabilities		(1,350		)	—		(1,350		)	—
June 30, 2015		$	4,874		$	—	$	4,874		$	—
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		$	—
June 30, 2014
Derivatives recorded in "Other current assets":
Currency hedge portfolio	Gross amounts of recognized assets	$	1,259		$	—	$	1,259		$	—
Currency hedge portfolio	Gross amounts offset in the balance sheets	(1,171		)	—		(1,171		)	—
Bunker fuel forward contracts	Gross amounts of recognized assets	830			—		830			—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	(14		)	—		(14		)	—
30-day euro forward contracts	Gross amounts offset in the balance sheet	(84		)	—		(84		)	—
Net amount recorded in other current assets		820			—		820			—
Derivatives recorded in "Investments & other assets, net":
Bunker fuel forward contracts	Gross amounts of recognized assets	293					293
Net amount recorded in investments & other assets, net		293			—		293			—
Derivatives recorded in "Accrued liabilities":
Currency hedge portfolio	Gross amounts offset in the balance sheets	2,482			—		2,482			—
Currency hedge portfolio	Gross amounts of recognized liabilities	(3,081		)	—		(3,081		)	—
Bunker fuel forward contracts	Gross amounts offset in the balance sheets	322			—		322			—
Bunker fuel forward contracts	Gross amounts of recognized liabilities	(476		)	—		(476		)	—
30-day euro forward contracts	Gross amounts of recognized liabilities	(254		)	—		(254		)	—
	Net amount recorded in accrued liabilities	(1,007		)	—		(1,007		)	—
Derivatives recorded in "Other liabilities":
Bunker fuel forward contracts	Gross amounts of recognized liabilities	(10		)			(10		)
Net amount recorded in other liabilities		(10		)	—		(10		)	—
June 30, 2014		$	96		$	—	$	96		$	—

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.

XML

Reclassifications from Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 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 June 30,						(Income) / expense reclassified from AOCI for the six months ended June 30,
		2015			2014			2015			2014
Currency translation	Other income (expense), net	$	(43	)	$	—		$	559		$	252
Currency hedge portfolio derivatives	Net sales	(13,829		)	1,020			(30,807		)	2,047
Bunker fuel forward contracts	Cost of sales	3,465			(61		)	12,240			(236		)
Prior service cost and recognized actuarial loss amortization related to pensions*		315			296			599			596

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

The changes in the components of accumulated other comprehensive income, net of tax, for the quarter and six months ended June 30, 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 March 31, 2015	$	314		$	17,370		$	(24,635	)	$	(6,951	)
Other comprehensive income (loss) before reclassifications	—			(2,270		)	1,095			(1,175		)
Amounts reclassified from accumulated other comprehensive income	(43		)	(10,364		)	315			(10,092		)
Net current-period other comprehensive income	(43		)	(12,634		)	1,410			(11,267		)
Balance at June 30, 2015	$	271		$	4,736		$	(23,225	)	$	(18,218	)

(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			16,004			3,267			19,273
Amounts reclassified from accumulated other comprehensive income	559			(18,567		)	599			(17,409		)
Net current-period other comprehensive income	561			(2,563		)	3,866			1,864
Balance at June 30, 2015	$	271		$	4,736		$	(23,225	)	$	(18,218	)

⁽¹⁾ Net of deferred tax asset of $521 thousand, $521 thousand and $401 thousand as of June 30, 2015, March 31, 2015 and December 31, 2014, respectively.

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

(In thousands)	Net cumulative currency translation gains (losses)			Net unrealized losses on qualifying cash flow hedges			Net unrecognized losses related to pension and severance plans (1)			Total
Balance at March 31, 2014	$	(201	)	$	(5,848	)	$	(19,702	)	$	(25,751	)
Other comprehensive income (loss) before reclassifications	(1		)	4,441			(563		)	3,877
Amounts reclassified from accumulated other comprehensive income	—			959			296			1,255
Net current-period other comprehensive income	(1		)	5,400			(267		)	5,132
Balance at June 30, 2014	$	(202	)	$	(448	)	$	(19,969	)	$	(20,619	)

(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	15			3,395			(905		)	2,505
Amounts reclassified from accumulated other comprehensive income	252			1,811			596			2,659
Net current-period other comprehensive income	267			5,206			(309		)	5,164
Balance at June 30, 2014	$	(202	)	$	(448	)	$	(19,969	)	$	(20,619	)

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

XML

Advertising and Promotion Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Marketing and Advertising Expense [Abstract]
Advertising and certain promotion expenses	$ 7	$ 7	$ 16	$ 15

XML

Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended					6 Months Ended
		Jun. 30, 2015		Mar. 31, 2015	Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Net sales		$ 776,647			$ 825,847		$ 1,501,978	$ 1,587,837
Operating income (loss)		70,148			36,733		57,218	37,321
Transaction costs		11,661			2,753		59,640	8,672
Fyffes transaction | General and administrative expense
Segment Reporting Information [Line Items]
Transaction costs					3,000			9,000
Cutrale Safra transaction | General and administrative expense
Segment Reporting Information [Line Items]
Transaction costs		12,000					60,000
Corporate costs
Segment Reporting Information [Line Items]
Operating income (loss)	[1]	(25,833)	[2]		(13,856)		(80,284)	(30,567)
Corporate costs | Cutrale Safra transaction | General and administrative expense
Segment Reporting Information [Line Items]
Transaction costs				$ 4,000
Bananas [Member]
Segment Reporting Information [Line Items]
Net sales		502,194			537,340		973,198	1,038,871
Operating income (loss)		65,984	[2]		43,332	[3]	94,561	64,021	[3]
Bananas [Member] | Bananas [Member] | Cost of sales
Segment Reporting Information [Line Items]
Loss from Changeover of Vessels					5,000
Bananas [Member] | Cutrale Safra transaction | General and administrative expense
Segment Reporting Information [Line Items]
Transaction costs				1,000
Salads and Healthy Snacks
Segment Reporting Information [Line Items]
Net sales		248,108			249,317		478,341	478,928
Operating income (loss)		27,818	[2]		7,227	[4]	38,719	3,742	[4]
Salads and Healthy Snacks | Salads and Healthy Snacks | General and administrative expense
Segment Reporting Information [Line Items]
inventory and equipment write downs and severance expense related to product resizing, product discontinuation and overhead savings initiatives					2,000
Salads and Healthy Snacks | Cutrale Safra transaction | General and administrative expense
Segment Reporting Information [Line Items]
Transaction costs				3,000
Other Produce
Segment Reporting Information [Line Items]
Net sales		26,345			39,190		50,439	70,038
Operating income (loss)		$ 2,179	[2]		30		$ 4,222	$ 125
Other Produce | Cutrale Safra transaction | General and administrative expense
Segment Reporting Information [Line Items]
Transaction costs				$ 1,000
European | Bananas [Member] | General and administrative expense
Segment Reporting Information [Line Items]
Gain (Loss) on Sale of Properties					$ 1,000

[1] Includes $12 million and $3 million of transaction costs for the quarters ended June 30, 2015 and 2014, and $60 million and $9 million of transaction costs for the six months ended June 30, 2015 and 2014, respectively, related to the Merger Agreement and the terminated Fyffes plc. strategic combination.

[2] Includes a reclassification of less than $1 million of transaction costs not properly classified as of March 31, 2015 and included in the Bananas segment, less than $1 million in Other Produce segment. and $3 million in Salads and Healthy Snacks segment, aggregating to $4 million which should have been included in Corporate costs.

[3] Includes $5 million of cost related to the changeover of vessels at the end of the leases and a$1 million gain on the sale of a ripening facility in Europe in the second quarter of 2014.

[4] Includes $2 million of cost in the second quarter of 2014 related to inventory and equipment write downs and severance expense related to product resizing, product discontinuation and overhead savings initiatives.

XML

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Effective tax rate	1.40%	18.30%	330.00%	311.30%
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations					$ 5,000
Unrecognized Tax Benefits, Period Increase (Decrease)					$ 5,000
2008 through 2010 [Member] | Foreign Tax Authority [Member]
Income Tax Contingency [Line Items]
Income taxes, penalties and interest to transfer pricing			$ 23,000
2010 [Domain] | Foreign Tax Authority [Member]
Income Tax Contingency [Line Items]
Statutorily required profit sharing related to transfer pricing			$ 5,000

XML

New Accounting Standards (Tables)

6 Months Ended

Jun. 30, 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
Simplifying the cost of Inventory	July 2015 ASU 2015-11	Modifies the measurement of inventory, excluding inventory measured using LIFO, to be reported at the lower of cost or net realizable value.	Financial statements for fiscal years after December 15, 2016.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, 2017. We will continue to evaluate the effect of the new standard moving forward.
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 the first quarter of 2018. Early adoption is 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.

XML

Debt Including Capital Lease Obligations - Other Debt (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014 USD ($) ha
Debt Instrument [Line Items]
Hectares of land | ha		700
Farms purchase price		$ 10,000
Cash paid for farms		3,000
Number of annual debt installments	4 years
Other Debt Obligations
Debt Instrument [Line Items]
Amount financed for farms purchase		$ 6,541
Effective interest rate		8.00%
Land [Member]
Debt Instrument [Line Items]
Hectares of land | ha		450

XML

Commitments and Contingencies

6 Months Ended

Jun. 30, 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 June 30, 2015, December 31, 2014, and June 30, 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. 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 June 30, 2015, National Union had paid us $12 million as reimbursement for defense costs. This sum, and an additional $2 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 had 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. In May 2015 the authorities appealed to the Supreme Court. Chiquita Italia opposed and filed a counter-recourse to the Supreme Court in June 2015. In Aosta, Chiquita Italia lost at the trial level and appealed. The appeal court issued a negative decision in May 2015 and Chiquita Italia has until June 2016 to file an appeal to the Court of Cassation. 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 June 30, 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.

The above investigation gave rise to consequences for criminal tax/customs purposes, corporate income tax and VAT purposes and customs duties purposes. As to the criminal ramifications, 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.

As to corporate income tax and VAT, tax authorities issued assessment notices for 2004 and 2005 denying the deduction of the costs related to the purchase of the products as well as the relevant VAT which were appealed before the first level Rome tax court. In June 2011, the court rejected our appeal for the 2004 assessment. Chiquita Italia appealed this decision and, in October 2012, the appeals court ruled in favor of Chiquita Italia with respect to 2004 claims for both corporate income tax and VAT. Following the decision for 2004, the challenge related to corporate income tax for 2005 was withdrawn by the tax authorities, while the VAT claims were confirmed by the Regional Tax Court. The case is currently pending before the Court of Cassation, the highest level of appeal in Italy.

 As to Custom Duties, custom authorities have issued assessments requesting the payment of the duties for importations made in 2004 and 2005. Chiquita Italia's appeals of these customs assessments were rejected by both the first level Rome tax court and the regional court. Chiquita Italia has appealed the decisions to the Court of Cassation.

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/or Penalties Assessed (In millions)	Total Assessment (In millions)	Deposits Paid Pending Appeal (In millions)
Income Tax/VAT Assessment for 2004/2005	€12.0	€19.1	€31.1	€1.2	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	€19.7	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 ($23 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.

XML

Inventories (Tables)

6 Months Ended

Jun. 30, 2015

Inventory, Net [Abstract]

Schedule of Inventory, Current

Inventories consist of the following:

(In thousands)	June 30, 2015		December 31, 2014		June 30, 2014
Finished goods	$	70,155	$	65,084	$	69,411
Growing crops	76,702		75,412		74,356
Raw materials, supplies and other	58,775		56,811		67,544
	$	205,632	$	197,307	$	211,311

XML

Debt Including Capital Lease Obligations - Asset-Based Lending Facility (Details) - USD ($) $ in Thousands		6 Months Ended	24 Months Ended
	Feb. 05, 2013	Jun. 30, 2015	Feb. 05, 2017	Feb. 05, 2015
Line of Credit Facility [Line Items]
2015 ABL Facility financing fees			$ 3,000
Debt Instrument, Covenant Description		5
Abl Facility, Letter of Credit [Member]
Line of Credit Facility [Line Items]
Long-term Line of Credit		$ 25,000
2015 ABL Facility [Member]
Line of Credit Facility [Line Items]
ABL Facility term	5 years
ABL maximum borrowings capacity				$ 150,000
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		1.44%
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
Line of Credit Facility Increase				50,000
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		$ 93,000
Line of Credit [Member] | 2013 ABL Term Loan
Line of Credit Facility [Line Items]
2013 ABL Term Loan				5,000
Convertible debt
Line of Credit Facility [Line Items]
Repurchased convertible notes, carrying value				$ 138,000

XML

Merger Restructuring and Planned Headquarters Closure (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2015 USD ($)	Jun. 30, 2015 USD ($)	Jan. 07, 2015 mo
RESTRUCTURING AND PLANNED HEADQUARTERS CLOSURE [Abstract]
Employee severance and relocation, exit of corporate headquarters; leasehold improvements and office equipment expense low end		$ 25
Employee severance and relocation, exit of corporate headquarters; leasehold improvements and office equipment expense high end		40
Estimated cost of leasehold improvements and office equipment low end	$ 10
Estimated cost of leasehold improvements and office equipment high end		12
Relocation incentives		$ 3
Estimated remaining life | mo			12
Estimated remaining life high end | mo			18

XML

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Current assets:
Cash and equivalents	$ 145,295	$ 48,160	$ 54,513
Trade receivables, less allowances of $17,529, $14,438 and $19,545, respectively	246,324	217,420	271,895
Other receivables, net	60,535	66,810	60,575
Inventories	205,632	197,307	211,311
Prepaid expenses	39,765	38,818	39,139
Other current assets	11,820	14,549	7,396
Total current assets	709,371	583,064	644,829
Property, plant and equipment, net	377,570	397,029	399,862
Investments and other assets, net	97,057	110,220	109,747
Trademarks	426,085	426,085	426,085
Goodwill	18,095	18,095	18,095
Other intangible assets, net	72,861	77,545	82,229
Total assets	1,701,039	1,612,038	1,680,847
Current liabilities:
Current portion of long-term debt and capital lease obligations	3,263	4,703	4,610
Accounts payable	271,887	223,286	251,579
Accrued liabilities	155,574	150,955	169,261
Due to affiliates	0		0
Total current liabilities	430,724	378,944	425,450
Long-term debt and capital lease obligations, net of current portion	277,957	637,518	632,492
Accrued pension and other employee benefits	77,125	89,381	80,274
Deferred tax liabilities	100,198	104,365	106,784
Other liabilities	72,242	78,496	59,593
Long-term related parties debt	238,479	0	0
Total liabilities	1,196,725	$ 1,288,704	1,304,593
Commitments and contingencies
Shareholders' equity:
Common stock, $.01 par value (10,679,368, 47,112,311 and 46,916,600 shares outstanding, respectively)	107	$ 471	469
Capital surplus	1,014,241	845,392	843,082
Accumulated deficit	(491,816)	(502,447)	(446,678)
Accumulated other comprehensive loss	(18,218)	(20,082)	(20,619)
Total shareholders' equity	504,314	323,334	376,254
Total liabilities and shareholders' equity	$ 1,701,039	$ 1,612,038	$ 1,680,847

XML

Merger (Notes)

6 Months Ended

Jun. 30, 2015

Merger [Abstract]

Merger

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 (now known as Chiquita Holdings Ltd., "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 (now known as Chiquita US Corporation, "Chiquita US"), 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 Chiquita US, 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. As of June 30, 2015, approximately $26 million had been incurred related to the transition. 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."

TRANSACTION COSTS

In connection with the Merger Agreement and the terminated Fyffes plc. strategic combination, we incurred legal, advisory and other expenses totaling $12 million and $3 million for the quarters ended June 30, 2015 and 2014, respectively and $60 million and $9 million for the six months ended June 30, 2015 and 2014, respectively.

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.

Business Acquisition, Pro Forma Information

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 (now known as Chiquita Holdings Ltd., "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 (now known as Chiquita US Corporation, "Chiquita US"), 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 Chiquita US, 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 Related Activities Disclosure

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. As of June 30, 2015, approximately $26 million had been incurred related to the transition. 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."

Business Acquisition, Integration, Restructuring and Other Related Costs

TRANSACTION COSTS

In connection with the Merger Agreement and the terminated Fyffes plc. strategic combination, we incurred legal, advisory and other expenses totaling $12 million and $3 million for the quarters ended June 30, 2015 and 2014, respectively and $60 million and $9 million for the six months ended June 30, 2015 and 2014, respectively.

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 1.4% and 18.3% for the quarters ended June 30, 2015 and 2014, respectively and 330.4% and 311.3% for the six months ended June 30, 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 and six months ended June 30, 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 and six months ended June 30, 2015 and 2014 were also impacted by our continuing to maintain a full valuation allowance on U.S. net deferred tax assets.

We believe that it is reasonably possible that the amount of unrecognized income tax benefits and interest may decrease during the next 12 months by approximately $5 million related to the expiration of statutes of limitations, of which $5 million would reduce income tax expense.

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 June 30, 2015, December 31, 2014 or June 30, 2014 balance sheets. In July 2015, we entered into discussions with the tax authority in Ecuador and expect to favorably resolve this matter in the third quarter of 2015.

XML

Hedging Contracts not designated as hedging instruments (Details) - 30-day euro forward contracts - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Cost of Sales [Member]
Derivative [Line Items]
Unrealized gains (losses) on foreign currency derivative instruments not designated as hedges recorded in Net sales		$ 471		$ 259
Foreign Currency Transaction Gain (Loss), Unrealized	$ 3,602	$ (1,595)	$ (7,342)	$ (3,946)
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Term of Contract			30 days

XML

Commitments and Contingencies - Colombia-Related Matters - Insurance Recovery (Details) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2013 insurer	Jun. 30, 2015 USD ($) insurer	Jun. 30, 2014 USD ($) insurer	Jun. 30, 2015 USD ($)	Jun. 30, 2014 USD ($)	Dec. 31, 2008 insurer	Dec. 31, 2009 insurer
Gain Contingencies [Line Items]
Interest income | $		$ 638	$ 641	$ 1,302	$ 1,305
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
Interest income | $				$ 2,000
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%

XML

Debt Including Capital Lease Obligations (Tables)

6 Months Ended

Jun. 30, 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:

	June 30, 2015					December 31, 2014					June 30, 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	$	190,277		$	205,000	$	412,483		$	447,000	$	412,325		$	455,000
4.25% Convertible Senior Notes due 2016	45,002			45,000		176,431			200,000		170,053			200,000
2013 ABL Term Loan	—			—		4,875			4,800		5,625			5,000
Capital lease obligations2	40,970			40,900		41,891			41,800		42,558			42,000
Other debt	4,971			4,900		6,541			6,500		6,541			6,000
Less current portion	(3,263		)			(4,703		)			(4,610		)
Total long-term debt and capital lease obligations	$	277,957				$	637,518				$	632,492

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)	June 30, 2015			December 31, 2014			June 30, 2014
Principal amount of debt component1	$	49,071		$	200,000		$	200,000
Unamortized discount	(4,069		)	(23,569		)	(29,947		)
Net carrying amount of debt component	$	45,002		$	176,431		$	170,053

¹  As of December 31, 2014 and June 30, 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 June 30, 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 June 30,				Six Months Ended June 30,
(In thousands)	2015		2014		2015		2014
4.25% coupon interest	$	522	$	2,125	$	1,845	$	4,250
Amortization of deferred financing fees	28		117		86		235
Amortization of discount on the debt component	844		3,046		2,935		6,003
Total interest expense related to the Convertible Notes	$	1,394	$	5,288	$	4,866	$	10,488

XML

Supplemental Consolidating Financial Information Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Cash and equivalents	$ 145,295	$ 48,160	$ 54,513	$ 54,017
Trade receivables, less allowances	246,324	217,420	271,895
Other receivables, net	60,535	66,810	60,575
Inventories	205,632	197,307	211,311
Prepaid expenses	39,765	38,818	39,139
Other current assets	11,820	14,549	7,396
Total current assets	709,371	583,064	644,829
Property, plant and equipment, net	377,570	397,029	399,862
Investments and other assets, net	97,057	110,220	109,747
Trademarks	426,085	426,085	426,085
Goodwill	18,095	18,095	18,095
Other intangible assets, net	72,861	77,545	82,229
Investments In, And Accounts With, Subsidiaries	0	0	0
Total assets	1,701,039	1,612,038	1,680,847
Current portion of long-term debt and capital lease obligations	3,263	4,703	4,610
Accounts payable	271,887	223,286	251,579
Accrued liabilities	155,574	150,955	169,261
Total current liabilities	430,724	378,944	425,450
Long-term debt and capital lease obligations, net of current portion	277,957	637,518	632,492
Accrued pension and other employee benefits	77,125	89,381	80,274
Deferred tax liabilities	100,198	104,365	106,784
Other liabilities	72,242	78,496	59,593
Long-term related parties debt	238,479	0	0
Due to affiliates	0		0
Due from Related Parties, Current	0	0	0
Total liabilities	1,196,725	$ 1,288,704	1,304,593
Commitments and contingencies
Total shareholders' equity	504,314	$ 323,334	376,254
Total liabilities and shareholders' equity	1,701,039	1,612,038	1,680,847
Consolidation, Eliminations [Member]
Cash and equivalents	0	0	0	0
Trade receivables, less allowances	0	0	0
Other receivables, net	0	(210)	(837)
Inventories	0	0	0
Prepaid expenses	0	0	0
Other current assets	(6,282)	(7,530)	(9,014)
Total current assets	(6,282)	(7,740)	(4,188,146)
Property, plant and equipment, net	0	0	0
Investments and other assets, net	0	(6,543)	(6,397)
Trademarks	0	0	0
Goodwill	0	0	0
Other intangible assets, net	0	0	0
Investments In, And Accounts With, Subsidiaries	(2,789,825)	(2,598,408)	(2,570,182)
Total assets	(7,515,448)	(7,238,437)	(6,764,725)
Current portion of long-term debt and capital lease obligations	0	0	0
Accounts payable	0	0	0
Accrued liabilities	0	(7,740)	(9,851)
Total current liabilities	0	(7,740)	(4,188,146)
Long-term debt and capital lease obligations, net of current portion	0	0	0
Accrued pension and other employee benefits	0	0	0
Deferred tax liabilities	(6,282)	(6,543)	(6,397)
Other liabilities	0	0	0
Long-term related parties debt	0	(4,625,746)
Due to affiliates	(4,719,341)		(4,178,295)
Due from Related Parties, Current	(4,719,341)	(4,625,746)	(4,178,295)
Total liabilities	(4,725,623)	$ (4,640,029)	(4,194,543)
Commitments and contingencies
Total shareholders' equity	(2,789,825)	$ (2,598,408)	(2,570,182)
Total liabilities and shareholders' equity	(7,515,448)	(7,238,437)	(6,764,725)
Parent Company [Member] | Reportable Legal Entities [Member]
Cash and equivalents	1,746	0	0	0
Trade receivables, less allowances	0	0	0
Other receivables, net	0	0	0
Inventories	0	0	0
Prepaid expenses	477	209	954
Other current assets	96	0	0
Total current assets	2,319	209	58,164
Property, plant and equipment, net	0	0	0
Investments and other assets, net	9,954	22,032	21,309
Trademarks	0	0	0
Goodwill	0	0	0
Other intangible assets, net	0	0	0
Investments In, And Accounts With, Subsidiaries	1,478,712	1,431,037	1,439,143
Total assets	1,575,856	1,537,576	1,518,616
Current portion of long-term debt and capital lease obligations	0	0	0
Accounts payable	3,929	6,795	3,143
Accrued liabilities	24,860	31,752	33,224
Total current liabilities	28,789	38,547	955,911
Long-term debt and capital lease obligations, net of current portion	45,002	176,431	170,053
Accrued pension and other employee benefits	9,793	14,637	14,592
Deferred tax liabilities	0	0	235
Other liabilities	0	3,402	1,571
Long-term related parties debt	238,479	981,225
Due to affiliates	749,479		919,544
Due from Related Parties, Current	84,871	84,298	57,210
Total liabilities	1,071,542	$ 1,214,242	1,142,362
Commitments and contingencies
Total shareholders' equity	504,314	$ 323,334	376,254
Total liabilities and shareholders' equity	1,575,856	1,537,576	1,518,616
Subsidiary Issuer [Member] | Reportable Legal Entities [Member]
Cash and equivalents	28,933	13,707	22,189	15,851
Trade receivables, less allowances	58,294	49,844	56,360
Other receivables, net	7,242	4,383	999
Inventories	10,621	9,657	10,831
Prepaid expenses	2,104	5,555	1,631
Other current assets	6,224	10,070	3,587
Total current assets	113,418	93,216	2,263,866
Property, plant and equipment, net	8,501	15,680	17,733
Investments and other assets, net	8,655	11,209	12,555
Trademarks	208,085	208,085	208,085
Goodwill	0	0	0
Other intangible assets, net	0	0	0
Investments In, And Accounts With, Subsidiaries	1,307,670	1,165,799	1,129,504
Total assets	3,847,781	3,871,179	3,631,743
Current portion of long-term debt and capital lease obligations	0	1,500	1,500
Accounts payable	8,199	7,672	4,937
Accrued liabilities	16,201	24,308	23,735
Total current liabilities	24,400	33,480	1,698,425
Long-term debt and capital lease obligations, net of current portion	190,276	415,858	416,450
Accrued pension and other employee benefits	4,569	6,549	2,882
Deferred tax liabilities	79,867	83,188	66,653
Other liabilities	7,636	7,919	8,190
Long-term related parties debt	0	1,893,148
Due to affiliates	2,062,321		1,668,253
Due from Related Parties, Current	2,201,452	2,377,190	2,168,269
Total liabilities	2,369,069	$ 2,440,142	2,192,600
Commitments and contingencies
Total shareholders' equity	1,478,712	$ 1,431,037	1,439,143
Total liabilities and shareholders' equity	3,847,781	3,871,179	3,631,743
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Cash and equivalents	48,358	0	0	0
Trade receivables, less allowances	62,154	47,579	60,229
Other receivables, net	4,790	3,302	4,452
Inventories	36,889	34,331	34,668
Prepaid expenses	5,886	8,193	9,137
Other current assets	11,369	11,506	12,823
Total current assets	169,446	104,911	1,516,011
Property, plant and equipment, net	184,246	194,362	197,730
Investments and other assets, net	3,606	4,372	4,466
Trademarks	38,500	38,500	38,500
Goodwill	18,095	18,095	18,095
Other intangible assets, net	72,840	77,511	82,182
Investments In, And Accounts With, Subsidiaries	3,443	1,572	1,535
Total assets	2,148,906	1,977,238	1,858,519
Current portion of long-term debt and capital lease obligations	1,622	1,674	1,622
Accounts payable	112,203	86,010	89,973
Accrued liabilities	57,383	54,199	62,527
Total current liabilities	171,208	141,883	1,379,202
Long-term debt and capital lease obligations, net of current portion	39,130	39,945	40,812
Accrued pension and other employee benefits	0	0	0
Deferred tax liabilities	26,613	27,720	46,293
Other liabilities	22,686	21,979	9,427
Long-term related parties debt	0	1,346,665
Due to affiliates	1,469,996		1,225,080
Due from Related Parties, Current	1,658,730	1,537,915	1,394,702
Total liabilities	1,729,633	$ 1,578,192	1,475,734
Commitments and contingencies
Total shareholders' equity	419,273	$ 399,046	382,785
Total liabilities and shareholders' equity	2,148,906	1,977,238	1,858,519
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Cash and equivalents	66,258	34,453	32,324	$ 38,166
Trade receivables, less allowances	125,876	119,997	155,306
Other receivables, net	48,503	59,335	55,961
Inventories	158,122	153,319	165,812
Prepaid expenses	31,298	24,861	27,417
Other current assets	413	503	0
Total current assets	430,470	392,468	994,934
Property, plant and equipment, net	184,823	186,987	184,399
Investments and other assets, net	74,842	79,150	77,814
Trademarks	179,500	179,500	179,500
Goodwill	0	0	0
Other intangible assets, net	21	34	47
Investments In, And Accounts With, Subsidiaries	0	0	0
Total assets	1,643,944	1,464,482	1,436,694
Current portion of long-term debt and capital lease obligations	1,641	1,529	1,488
Accounts payable	147,556	122,809	153,526
Accrued liabilities	57,130	48,436	59,626
Total current liabilities	206,327	172,774	580,058
Long-term debt and capital lease obligations, net of current portion	3,549	5,284	5,177
Accrued pension and other employee benefits	62,763	68,195	62,800
Deferred tax liabilities	0	0	0
Other liabilities	41,920	45,196	40,405
Long-term related parties debt	0	404,708
Due to affiliates	437,545		365,418
Due from Related Parties, Current	774,288	626,343	558,114
Total liabilities	752,104	$ 696,157	688,440
Commitments and contingencies
Total shareholders' equity	891,840	$ 768,325	748,254
Total liabilities and shareholders' equity	$ 1,643,944	$ 1,464,482	$ 1,436,694

XML

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

6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Condensed Statement of Cash Flows [Abstract]

Condensed Cash Flow Statement [Table Text Block]

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Six Months Ended June 30, 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	$	(252,810	)	$	300,870		$	(925	)	$	38,089		$	—		$	85,224
Capital expenditures	—			(1,165		)	(1,418		)	(7,860		)	—			(10,443		)
Investing activity with subsidiaries	—			(52,881		)	—			—			52,881			—
Other, net	—			—			—			(212		)	—			(212		)
Investing cash flow	—			(54,046		)	(1,418		)	(8,072		)	52,881			(10,655		)
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	—			(16,000		)	—			—			—			(16,000		)
Repayments of long-term debt and capital lease obligations	—			—			(2,180		)	(187		)	—			(2,367		)
Payments for debt modification and issuance costs	—			(2,631		)	—			—			—			(2,631		)
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	89,604			—			—			—			—			89,604
Advance from related party	18,445			—			—			—			—			18,445
Repayment of advance from related party	(18,445		)	—			—			—			—			(18,445		)
Financing activity with subsidiaries	—			(1,975		)	52,881			1,975			(52,881		)	—
Financing cash flow	254,556			(231,598		)	50,701			1,788			(52,881		)	22,566
Increase (decrease) in cash and equivalents	1,746			15,226			48,358			31,805			—			97,135
Cash and equivalents, beginning of period	—			13,707			—			34,453			—			48,160
Cash and equivalents, end of period	$	1,746		$	28,933		$	48,358		$	66,258		$	—		$	145,295

Chiquita Brands International, Inc.
Condensed Consolidating Statement of Cash Flows (Unaudited)
Six months Ended June 30, 2014
(in thousands)
	CBII		CBLLC			Guarantor			Non-Guarantor			Consolidating			Company
	(Co-Issuer)		(Co-Issuer)			Subsidiaries			Subsidiaries			Eliminations			Consolidated
Cash provided (used) by:
Operating cash flow	$	—	$	22,112		$	2,630		$	13,441		$	—		$	38,183
Capital expenditures	—		(1,607		)	(4,910		)	(18,805		)	—			(25,322		)
Investing activity with subsidiaries1	—		(2,926		)	(570		)	—			3,496			—
Other, net	—		—			44			(1,022		)	—			(978		)
Investing cash flow	—		(4,533		)	(5,436		)	(19,827		)	3,496			(26,300		)
Redemption of 7.875% Notes	—		(10,000		)	—			—			—			(10,000		)
Borrowings under the 2013 ABL Revolver	—		24,000			—			—			—			24,000
Repayments of the 2013 ABL Revolver	—		(24,000		)	—			—			—			(24,000		)
Repayments of the 2013 ABL Term Loan	—		(750		)	—			—			—			(750		)
Repayments of long-term debt and capital lease obligations	—		—			(120		)	(26		)	—			(146		)
Payments for debt modification and issuance costs	—		(191		)	—			—			—			(191		)
Payments of debt extinguishment costs	—		(300		)	—			—			—			(300		)
Financing activity with subsidiaries1	—		—			2,926			570			(3,496		)	—
Financing cash flow	—		(11,241		)	2,806			544			(3,496		)	(11,387		)
Increase (decrease) in cash and equivalents	—		6,338			—			(5,842		)	—			496
Cash and equivalents, beginning of period	—		15,851			—			38,166			—			54,017
Cash and equivalents, end of period	$	—	$	22,189		$	—		$	32,324		$	—		$	54,513

XML

Segment Information

6 Months Ended

Jun. 30, 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 June 30,						Six Months Ended June 30,
(In thousands)	2015			2014			2015			2014
Net sales:
Bananas	$	502,194		$	537,340		$	973,198		$	1,038,871
Salads and Healthy Snacks	248,108			249,317			478,341			478,928
Other Produce	26,345			39,190			50,439			70,038
	$	776,647		$	825,847		$	1,501,978		$	1,587,837
Operating income (loss):
Bananas1,4	$	65,984		$	43,332		$	94,561		$	64,021
Salads and Healthy Snacks2,4	27,818			7,227			38,719			3,742
Other Produce4	2,179			30			4,222			125
Corporate costs3,4	(25,833		)	(13,856		)	(80,284		)	(30,567		)
	$	70,148		$	36,733		$	57,218		$	37,321

¹  Includes $5 million of cost related to the changeover of vessels at the end of the leases and a$1 million gain on the sale of a ripening facility in Europe in the second quarter of 2014.

²  Includes $2 million of cost in the second quarter of 2014 related to inventory and equipment write downs and severance expense related to product resizing, product discontinuation and overhead savings initiatives.    

³  Includes $12 million and $3 million of transaction costs for the quarters ended June 30, 2015 and 2014, and $60 million and $9 million of transaction costs for the six months ended June 30, 2015 and 2014, respectively, related to the Merger Agreement and the terminated Fyffes plc. strategic combination.

⁴  Includes a reclassification of less than $1 million of transaction costs not properly classified as of March 31, 2015 and included in the Bananas segment, less than $1 million in Other Produce segment. and $3 million in Salads and Healthy Snacks segment, aggregating to $4 million which should have been included in Corporate costs.