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.