Employee Benefit Plans (Tables)

12 Months Ended

Dec. 29, 2012

Status of Defined Benefit Pension and ORPB Plans

Obligations and Funded Status — The status of Dole’s defined benefit pension and OPRB plans was as follows:

	U.S. Pension Plans						International Pension Plans						OPRB Plans
	Year Ended December 29, 2012			Year Ended December 31, 2011			Year Ended December 29, 2012			Year Ended December 31, 2011			Year Ended December 29, 2012			Year Ended December 31, 2011
	(In thousands)
Change in projected benefit obligation:
Benefit obligation at beginning of period	$	305,721		$	308,051		$	118,325		$	104,036		$	42,583		$	42,037
Service cost		181			186			8,313			6,804			69			75
Interest cost		13,889			14,818			7,260			7,051			2,083			2,122
Plan amendments and other		847			—			—			1,294			—			1,778
Foreign currency exchange rate changes		—			—			3,823			(973	)		60			—
Actuarial loss		30,771			4,846			7,199			15,627			2,087			791
Curtailments, settlements and terminations, net		—			—			(4,440	)		(7,111	)					—
Benefits paid		(22,260	)		(22,180	)		(9,787	)		(8,403	)		(3,975	)		(4,220	)
Benefit obligation at end of period	$	329,149		$	305,721		$	130,693		$	118,325		$	42,907		$	42,583
Change in plan assets:
Fair value of plan assets at beginning of period	$	185,836		$	194,655		$	5,735		$	5,270		$	—		$	—
Actual return on plan assets		20,879			(3,173	)		470			474			—			—
Company contributions		18,364			16,534			14,233			16,304			3,975			4,220
Foreign currency exchange rate changes		—			—			392			(9	)		—			—
Benefits paid		(22,260	)		(22,180	)		(9,787	)		(8,403	)		(3,975	)		(4,220	)
Settlements		—			—			(4,440	)		(7,901	)		—			—
Fair value of plan assets at end of period	$	202,819		$	185,836		$	6,603		$	5,735		$	—		$	—
Funded status	$	(126,330	)	$	(119,885	)	$	(124,090	)	$	(112,590	)	$	(42,907	)	$	(42,583	)
Amounts recognized in the Consolidated Balance Sheets:
Current liabilities	$	(2,963	)	$	(2,786	)	$	(6,100	)	$	(8,762	)	$	(3,836	)	$	(3,918	)
Long-term liabilities		(123,367	)		(117,099	)		(62,404	)		(103,828	)		(38,081	)		(38,665	)
Liabilities held-for-sale		—			—			(55,586	)		—			(990	)		—
	$	(126,330	)	$	(119,885	)	$	(124,090	)	$	(112,590	)	$	(42,907	)	$	(42,583	)

Amounts of Defined Benefit Plans Recognized in Accumulated Other Comprehensive Loss

Amounts recognized in accumulated other comprehensive loss were as follows:

	U.S. Pension Plans						International Pension Plans						OPRB Plans
	Year Ended December 29, 2012			Year Ended December 31, 2011			Year Ended December 29, 2012			Year Ended December 31, 2011			Year Ended December 29, 2012			Year Ended December 31, 2011
	(In thousands)
Net actuarial loss (gain)	$	138,880		$	121,868		$	27,542		$	23,262		$	(22	)	$	(2,051	)
Prior service cost (benefit)		—			—			3,148			3,495			(12,183	)		(15,707	)
Net transition obligation		—			—			3			5			—			—
Income taxes		(48,884	)		(42,795	)		(3,150	)		(2,076	)		6,788			8,707
Total	$	89,996		$	79,073		$	27,543		$	24,686		$	(5,417	)	$	(9,051	)

Aggregate Project Benefit Obligation, Accumulated Benefit Obligation and Fair Value of Plan Assets for Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets

accumulated benefit obligations exceeding the fair value of plan assets. The aggregate projected benefit obligation, accumulated benefit obligation and fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets were as follows:

	December 29, 2012		December 31, 2011
	(In thousands)
Projected benefit obligation	$	459,842	$	424,046
Accumulated benefit obligation	$	424,451	$	391,993
Fair value of plan assets	$	209,422	$	191,571

Components of Net Periodic Benefit Cost and Other Changes in Recognized in Other Comprehensive Loss for Pension Plans

The components of net periodic benefit cost and other changes recognized in other comprehensive loss for Dole’s U.S. and international pension plans and OPRB plans were as follows:

	U.S. Pension Plans									International Pension Plans
	Year Ended December  29, 2012			Year Ended December  31, 2011			Year Ended January 1, 2011			Year Ended December 29, 2012			Year Ended December  31, 2011			Year Ended January 1, 2011
	(In thousands)
Components of net periodic benefit cost:
Service cost	$	181		$	186		$	197		$	8,313		$	6,804		$	5,988
Interest cost		13,889			14,818			15,677			7,260			7,051			7,015
Expected return on plan assets		(15,293	)		(16,377	)		(16,356	)		(432	)		(453	)		(454	)
Amortization of:
Net loss		8,168			6,617			3,853			1,672			906			463
Prior service cost		—			—			—			397			422			697
Net transition obligation		—			—			—			2			2			25
Curtailments, settlements and terminations, net		—			—			—			1,223			1,705			2,099
Restructuring related settlements and other		—			—			—			—			3,575			5,449
Total net periodic benefit costs.	$	6,945		$	5,244		$	3,371		$	18,435		$	20,012		$	21,282
Discontinued operations included in net periodic benefit cost	$	—		$	—		$	—		$	7,039		$	7,656		$	6,083
Other changes recognized in other comprehensive loss:
Net loss (gain)	$	25,185		$	24,395		$	13,911		$	6,936		$	14,640		$	13,597
Prior service cost		—			—			—			—			—			1,217
Amortization of:
Net loss (gain)		(8,168	)		(6,617	)		(3,853	)		(2,895	)		(4,205	)		(8,415	)
Prior service cost		—			—			—			(397	)		(496	)		(1,028	)
Transition obligation		—			—			—			(2	)		(2	)		(25	)
Foreign currency adjustment		—			—			—			290			(150	)		209
Income taxes		(6,089	)		(7,086	)		—			(1,074	)		(380	)		(1,019	)
Total recognized in other comprehensive loss	$	10,928		$	10,692		$	10,058		$	2,858		$	9,407		$	4,536
Total recognized in net periodic benefit cost and other comprehensive loss, net of income taxes	$	17,873		$	15,936		$	13,429		$	21,293		$	29,419		$	25,818

	OPRB Plans
	Year Ended December  29, 2012			Year Ended December  31, 2011			Year Ended January 1, 2011
	(In thousands)
Components of net periodic benefit cost:
Service cost	$	69		$	75		$	82
Interest cost		2,083			2,122			2,343
Amortization of:
Net loss (gain)		77			67			(117	)
Prior service benefit		(3,524	)		(3,524	)		(3,524	)
Restructuring related settlements and other		—			1,778			—
Total net periodic benefit costs.	$	(1,295	)	$	518		$	(1,216	)
Discontinued operation included in net periodic benefit cost	$	56		$	58		$	57
Other changes recognized in other comprehensive loss:
Net loss (gain)	$	2,087		$	813		$	1,208
Prior service benefit		—			—			—
Amortization of:
Net loss (gain)		(76	)		(66	)		117
Prior service benefit		3,524			3,524			3,524
Foreign currency adjustment		12			—			—
Income taxes		(1,919	)		(1,498	)		—
Total recognized in other comprehensive loss	$	3,628		$	2,773		$	4,849
Total recognized in net periodic benefit cost and other comprehensive loss, net of income taxes	$	2,333		$	3,291		$	3,633

Weighted Average Assumptions Used to Determine Benefit Obligations

Weighted average assumptions used to determine benefit obligations were as follows:

	U.S. Pension Plans						International Pension Plans						OPRB Plans
	2012			2011			2012			2011			2012			2011
Discount rate		3.75	%		4.72	%		6.09	%		6.51	%		4.23	%		5.13	%
Rate of compensation increase		—			—			4.69	%		5.01	%		—			—

Weighted Average Assumption Used to Determine Net Periodic Benefit Cost

Weighted average assumptions used to determine net periodic benefit cost were as follows:

	U.S. Pension Plans									International Pension Plans									OPRB Plans
	2012			2011			2010			2012			2011			2010			2012			2011			2010
Discount rate		4.72	%		5.00	%		5.50	%		6.51	%		7.06	%		7.70	%		5.13	%		5.22	%		5.85	%
Compensation increase		—			—			—			5.01	%		4.73	%		5.37	%		—			—			—
Rate of return on plan assets		7.50	%		8.00	%		8.00	%		7.25	%		8.50	%		10.00	%		—			—			—

Accumulated Pension Benefit Obligation for OPRB Plan

The accumulated pension benefit obligation for Dole’s U.S. OPRB plan were determined using the following assumed annual rate of increase in the per capita cost of covered health care benefits:

	2013			2012
Health care costs trend rate assumed for next year		7.5	%		7.5	%
Rate of increase to which the cost of benefits is assumed to decline (the ultimate trend rate)		5.0	%		5.0	%
Year that the rate reaches the ultimate trend rate		2018			2017

One-Percent Point Change in Assumed Health Care Cost Trend Rates

A one-percentage-point change in assumed health care cost trend rates would have the following impact on Dole’s OPRB plans:

	One-Percentage-Point Increase		One-Percentage-Point Decrease
	(In thousands)
Increase (decrease) in service and interest cost	$	120	$	(104	)
Increase (decrease) in postretirement benefit obligation	$	2,626	$	(2,267	)

Target asset Mix for U.S Pension Plans

The following is the target asset mix for Dole’s U.S. pension plan, which management believes provides the optimal tradeoff of diversification and long-term asset growth:

	Target Allocation
Fixed income securities		50	%
Equity securities		49	%
Private equity		1	%

U.S Pension Plan Weighted Average Asset Allocation by Asset Category

Dole’s U.S. pension plan weighted average asset allocations by asset category were as follows:

	December 29, 2012			December 31, 2011
Fixed income securities		50	%		50	%
Equity securities		49	%		49	%
Private equity		1	%		1	%
Total		100	%		100	%

Estimated Future Benefit Payments

The following table presents estimated future benefit payments:

	U.S. Pension Plans		International Pension Plans				OPRB Plans
Fiscal Year	Continuing Operations		Continuing Operations		Dole Asia		Continuing Operations		Dole Asia
2013	$	23,544	$	6,100	$	5,363	$	3,836	$	61
2014		22,570		5,368		7,424		3,736		62
2015		22,230		5,367		6,416		3,647		64
2016		22,012		5,344		6,502		3,548		66
2017		21,488		6,459		6,417		3,427		67
2018-2021		103,046		36,458		26,151		15,098		354
Total	$	214,890	$	65,096	$	58,273	$	33,292	$	674

U.S Multi-Employer Defined Benefit Plan

The following table presents details for Dole’s U.S. multi-employer defined benefit plan:

Pension Protection Act Zone Status

Contributions

Pension Plan

EIN/Pension Plan Number

Fiscal 2012

Fiscal 2011

December 29, 2012

December 31, 2011

January 1, 2011

Expiration Collective Bargaining Agreement

(In thousands)

Western Conference of Teamsters Pension Plan

91-6145047-001

Not critical

Not critical

$

779

$

779

$

685

9/15/2014