Fair Value Measurements (Tables)

12 Months Ended

Dec. 29, 2012

Summary of the Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table provides a summary of the assets and liabilities measured at fair value on a recurring basis:

	Fair Value Measurements Using Significant Other Observable Inputs (Level 2)
	December 29, 2012			December 31, 2011
	(In thousands)
Assets:
Foreign currency exchange contracts	$	209		$	5,632
Bunker fuel contracts		454			1,563
	$	663		$	7,195
Liabilities:
Foreign currency exchange contracts	$	(71,252	)	$	(194,034	)
	$	(70,589	)	$	(186,839	)

Net Change in Credit Valuation Adjustment

The following table shows the change in the credit valuation adjustment in the accompanying consolidated statements of operations and the portion that is reflected in OCI:

	December 29, 2012			December 31, 2011
Unrealized gain (loss) recorded in other income (expense), net	$	(8,045	)	$	8,126
Unrealized gain (loss) recorded in OCI		(1,946	)		1,946
	$	(9,991	)	$	10,072

Carrying Value and Estimated Fair Values of Retirement Plan Assets

The carrying value and estimated fair values of Dole’s retirement plan assets are summarized below:

	Fair Value Measurements at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		December 29, 2012
	(In thousands)
Cash and cash equivalents	$	533	$	—	$	—	$	533
U.S. government securities		13,405		1,682		—		15,087
Foreign government/state/municipal securities		362		1,098		—		1,460
Corporate debt instruments		—		26,828		—		26,828
Common stock		1,301		—		—		1,301
Interest in registered investment companies		10,151		—		—		10,151
Common collective trusts		—		92,403		1,005		93,408
Interests in limited partnerships		—		—		174		174
Interest in 103-12 investment companies		—		38,777		8,897		47,674
Unallocated annuity contracts		—		—		11,302		11,302
Preferred stock and other		—		1,077		—		1,077
Due from broker for investments		427		—		—		427
Total	$	26,179	$	161,865	$	21,378	$	209,422

	Fair Value Measurements at Reporting Date Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		December 31, 2011
	(In thousands)
Cash and cash equivalents	$	508	$	—	$	—	$	508
Corporate debt instruments		—		3,462		—		3,462
Common stock		973		—		—		973
Interest in registered investment companies		27,106		—		—		27,106
Common collective trusts		—		87,678		1,439		89,117
Interests in limited partnerships		—		—		365		365
Interest in 103-12 investment companies		—		50,740		7,351		58,091
Unallocated annuity contracts		—		—		11,149		11,149
Preferred stock and other		—		800		—		800
Total	$	28,587	$	142,680	$	20,304	$	191,571

Summary of Changes in Fair Value of Plan's Level 3 Assets

The table below sets forth a summary of changes in the fair value of the plan’s Level 3 assets for the years ended December 29, 2012 and December 31, 2011:

	Fair Value Measurements Using significant Unobservable Inputs (Level 3)
	Common Collective Trusts			Interest in Limited Trusts			Unallocated Annuity Contracts		Interest in 103-12 Investment Companies			Total
	(In thousands)
Beginning balance — January 1, 2011	$	1,652		$	4		$	10,762	$	14,534		$	26,952
Net realized and unrealized gains/(losses)		171			—			—		(1,866	)		(1,695	)
Net purchases, issuances and settlements		(384	)		—			387		(5,317	)		(5,314	)
Net transfer in or (out) of Level 3		—			361			—		—			361
Beginning balance — December 31, 2011		1,439			365			11,149		7,351			20,304
Net realized and unrealized gains/(losses)		74			(15	)		—		1,620			1,679
Net purchases, issuances and settlements		(508	)		(176	)		153		(74	)		(605	)
Net transfer in or (out) of Level 3		—			—			—		—			—
Ending balance — December 29, 2012	$	1,005		$	174		$	11,302	$	8,897		$	21,378