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Segment Information
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
(In thousands)
2015
 
2014
 
2015
 
2014
Net sales:
 
 
 
 
 
 
 
Bananas
$
416,222

 
$
477,472

 
$
1,389,420

 
$
1,516,343

Salads and Healthy Snacks
237,715

 
234,235

 
716,055

 
713,163

Other Produce
20,763

 
26,844

 
71,203

 
96,882

 
$
674,700

 
$
738,551

 
$
2,176,678

 
$
2,326,388

Operating income (loss):
 
 
 
 
 
 
 
Bananas1
$
14,617

 
$
18,138

 
$
109,178

 
$
82,159

Salads and Healthy Snacks2
23,499

 
6,236

 
62,218

 
9,978

Other Produce
(660
)
 
(4,788
)
 
3,562

 
(4,663
)
Corporate costs3,4
(14,288
)
 
(21,024
)
 
(94,572
)
 
(51,591
)
 
$
23,168

 
$
(1,438
)
 
$
80,386

 
$
35,883


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 nine months ended September 30, 2014.
2 
Includes $2 million and $5 million of cost in the quarter and nine months ended September 30, 2014 related to severance, product resizing, product discontinuation, equipment write-downs and a legal settlement.
3 
Includes $8 million of transaction costs for each of the quarters ended September 30, 2015 and 2014, and $67 million and $17 million of transaction costs for the nine months ended September 30, 2015 and 2014, respectively, related to the Merger Agreement and the terminated Fyffes plc. strategic combination.