New Accounting Standards

9 Months Ended

Sep. 30, 2011

New Accounting Standards [Abstract]

New Accounting Standards

Note 16 – New Accounting Standards

New accounting standards that could significantly affect the company's Condensed Consolidated Financial Statements are summarized as follows:

Issued	Description	Effective Date for Chiquita	Effect on Chiquita's Consolidated Financial Statements
September 2011	Will require additional disclosures about participation in multiemployer pension plans.	Prospectively, for fiscal years ending after December 15, 2011.	Will expand disclosure.
September 2011	Permits the use of qualitative factors in determining whether it is likely that Goodwill impairment exists.	Prospectively, beginning January 1, 2012; early adoption permitted.	Guidance will be incorporated into the company's accounting policy for its fourth quarter evaluation of Goodwill.
June 2011	Will require entities to report components of other comprehensive income in either a single continuous statement or in two separate, but consecutive, statements of net income and other comprehensive income.	Retrospectively, beginning January 1, 2012; early adoption permitted.	Will only affect the presentation in the company's consolidated financial statements.
May 2011	Amends the guidance on Fair Value Measurements and Disclosures.	Prospectively, beginning January 1, 2012	Will expand disclosure.