Cover	12 Months Ended
Cover	Dec. 31, 2021 shares
Entity Information [Line Items]
Document Type	20-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-40695
Entity Registrant Name	Dole plc
Entity Incorporation, State or Country Code	L2
Entity Address, Address Line One	29 North Anne Street
Entity Address, City or Town	Dublin 7
Entity Address, Postal Zip Code	D07 PH36
Entity Address, Country	IE
Title of 12(b) Security	Ordinary Shares, $0.01 par value per share
Trading Symbol	DOLE
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding (in shares)	94,877,706
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
Entity Central Index Key	0001857475
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Business Contact
Entity Information [Line Items]
Entity Address, Address Line One	29 North Anne Street
Entity Address, City or Town	Dublin 7
Entity Address, Postal Zip Code	D07 PH36
Entity Address, Country	IE
Contact Personnel Name	Frank Davis
City Area Code	353
Local Phone Number	1-887-2600
Contact Personnel Email Address	fdavis@totalproduce.com

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2021
Audit Information [Abstract]
Auditor Firm ID	1116
Auditor Name	KPMG
Auditor Location	Dublin, Ireland

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and cash equivalents	$ 250,561,000	$ 160,503,000
Short-term investments	6,115,000	0
Trade receivables, net of allowances for credit losses of $22,064 and $10,122, respectively	719,114,000	361,721,000
Grower advance receivables, net of allowances of $9,606 and $5,598, respectively	72,350,000	18,946,000
Other receivables, net of allowances of $14,066 and $2,850, respectively	125,908,000	28,540,000
Inventories, net of allowances of $7,447 and $0, respectively	410,737,000	141,179,000
Prepaid expenses	45,339,000	16,570,000
Other current assets	11,011,000	2,936,000
Assets held-for-sale	200,000	0
Total current assets	1,641,335,000	730,395,000
Long-term investments	23,433,000	0
Investments in unconsolidated affiliates	128,407,000	458,557,000
Actively marketed property	50,364,000	0
Property, plant and equipment, net of accumulated depreciation of $283,677 and $160,111, respectively	1,430,850,000	219,665,000
Operating lease right-of-use assets	368,632,000	140,212,000
Goodwill	511,333,000	234,161,000
DOLE brand	306,280,000	0
Other intangible assets, net of accumulated amortization of $117,499 and $119,576 respectively	62,046,000	65,634,000
Other assets	98,917,000	30,496,000
Deferred income tax assets	46,371,000	6,682,000
Total assets	4,667,968,000	1,885,802,000
LIABILITIES AND EQUITY
Accounts payable	696,766,000	474,528,000
Income taxes payable	10,316,000	2,589,000
Accrued liabilities	464,931,000	123,463,000
Bank overdrafts	9,395,000	11,243,000
Notes payable and current portion of long-term debt, net	51,785,000	20,748,000
Current maturities of operating leases	73,046,000	21,910,000
Other tax	35,212,000	23,371,000
Contingent consideration	2,958,000	4,912,000
Pension and postretirement benefits	17,664,000	5,787,000
Dividends payable and other current liabilities	9,078,000	1,355,000
Total current liabilities	1,371,151,000	689,906,000
Long-term debt, net	1,297,808,000	314,840,000
Operating leases, less current maturities	305,714,000	122,225,000
Deferred income tax liabilities	145,689,000	22,451,000
Income tax payable, less current portion	40,439,000	0
Contingent consideration, less current portion	4,302,000	5,786,000
Pension and postretirement benefits, less current portion	152,149,000	23,607,000
Other long-term liabilities	105,310,000	18,755,000
Total liabilities	3,422,562,000	1,197,570,000
Commitments and contingent liabilities:
Redeemable noncontrolling interests	32,776,000	30,317,000
Stockholders’ equity:
Common stock—$0.001 par value; 300,000,000 shares authorized and 94,877,706 shares outstanding as of December 31, 2021 and 1,000,000,000 shares authorized and 410,724,962 shares outstanding as of December 31, 2020	950,000	4,865,000
Additional paid-in capital	792,223,000	198,232,000
Retained earnings	413,335,000	460,715,000
Accumulated other comprehensive loss	(125,919,000)	(128,803,000)
Total equity attributable to Dole plc	1,080,589,000	535,009,000
Equity attributable to noncontrolling interests	132,041,000	122,906,000
Total equity	1,212,630,000	657,915,000
Total liabilities, redeemable noncontrolling interests and equity	$ 4,667,968,000	$ 1,885,802,000

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Trade receivables, allowances for credit losses	$ 22,064	$ 10,122
Grower advance receivables, allowances for credit losses	9,606	5,598
Other receivables, allowances	14,066	2,850
Inventories, allowances	7,447	0
Property, plant and equipment, accumulated depreciation	283,677	160,111
Other intangible assets, accumulated amortization	$ 117,499	$ 119,576
Common stock par value (in USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	300,000,000	1,000,000,000
Common stock, shares outstanding (in shares)	94,877,706	410,724,962

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Revenues, net	$ 6,454,402,000	$ 4,345,939,000	$ 4,166,799,000
Cost of sales	(6,105,271,000)	(4,012,348,000)	(3,864,313,000)
Gross profit	349,131,000	333,591,000	302,486,000
Selling, marketing, general and administrative expenses	(349,769,000)	(264,844,000)	(253,959,000)
Merger, transaction and other related costs	(30,072,000)	(396,000)	(198,000)
Gain (loss) on disposal of businesses	11,000	0	(749,000)
Impairment of property, plant and equipment	0	(1,210,000)	0
Gain on asset sales	581,000	0	0
Operating income (loss)	(30,118,000)	67,141,000	47,580,000
Other income (expense), net	8,658,000	(119,000)	4,141,000
Interest income	3,938,000	2,604,000	3,077,000
Interest expense	(27,030,000)	(10,523,000)	(12,042,000)
Income (loss) before income taxes and equity earnings	(44,552,000)	59,103,000	42,756,000
Income tax expense	13,333,000	(18,130,000)	(10,312,000)
Share of net income	48,027,000	30,279,000	36,943,000
Net income	16,808,000	71,252,000	69,387,000
Less: Net income attributable to noncontrolling interests	(24,027,000)	(18,764,000)	(14,327,000)
Net income (loss) attributable to Dole plc	$ (7,219,000)	$ 52,488,000	$ 55,060,000
Net income per share attributable to Dole plc - Basic (in USD per share)	$ (0.10)	$ 0.95	$ 0.99
Net income per share attributable to Dole plc - Diluted (in USD per share)	$ (0.10)	$ 0.94	$ 0.99
Weighted average shares outstanding - Basic (in shares)	72,190	55,509	55,497
Weighted average shares outstanding - Diluted (in shares)	72,190	55,592	55,614

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 16,808	$ 71,252	$ 69,387
Other comprehensive income (loss), net of tax
Net unrealized gain (loss) on derivatives	11,209	(2,705)	0
Foreign currency translation adjustment	(34,772)	21,876	(5,231)
Change in pension and postretirement benefits	2,532	(12,624)	(6,265)
Reclassification of pension activity	15,462	0	0
Total other comprehensive income (loss)	(5,569)	6,547	(11,496)
Comprehensive income	11,239	77,799	57,891
Less: Comprehensive income attributable to noncontrolling interests	(15,574)	(22,510)	(14,120)
Comprehensive income (loss) attributable to Dole plc	$ (4,335)	$ 55,289	$ 43,771

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Activities
Net income (loss)	$ 16,808,000	$ 71,252,000	$ 69,387,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	72,955,000	36,182,000	34,409,000
Incremental charges on purchase accounting valuation of biological assets and inventory	65,916,000	0	0
Non-cash lease expense	24,584,000	(78,000)	2,409,000
Asset write-offs and net (gain) on sale of assets	(581,000)	0	0
Impairment of property, plant and equipment	0	1,210,000	0
Net unrealized (gain) on financial instruments	(3,910,000)	0	0
Share-based payment expense	815,000	0	0
(Earnings) from equity method investments	(48,027,000)	(30,279,000)	(36,943,000)
Net (gain) loss on disposal of businesses	(11,000)	0	749,000
Amortization of debt discounts and debt issuance costs	2,634,000	0	0
(Benefit) for deferred income taxes	(23,168,000)	(698,000)	(7,966,000)
Pension and other postretirement benefit plan expense (benefit)	2,913,000	(3,620,000)	(3,760,000)
Dividends received	12,137,000	12,906,000	11,901,000
Fair value movement on contingent consideration	1,036,000	519,000	(228,000)
Other	2,322,000	(481,000)	(3,257,000)
Changes in operating assets and liabilities:
Receivables, net of allowances	(20,542,000)	32,578,000	29,712,000
Increase (Decrease) in Inventories	(56,603,000)	(18,027,000)	(6,213,000)
Accrued and other current and long-term liabilities	(32,899,000)	43,109,000	(14,951,000)
Cash flow provided by operating activities	16,379,000	144,573,000	75,249,000
Investing Activities
Sales of assets	26,308,000	891,000	758,000
Capital expenditures	(65,438,000)	(23,202,000)	(26,971,000)
Acquisitions, net of cash acquired	103,595,000	298,000	(4,888,000)
Proceeds from sales of equity method investments	10,607,000	4,362,000	11,564,000
Insurance proceeds received for damage to property	10,455,000	0	0
Purchases of investments	(1,210,000)	0	0
Investments in unconsolidated affiliates	(1,833,000)	537,000	(8,151,000)
Other	332,000	(8,482,000)	(14,296,000)
Cash flow provided by (used in) investing activities	82,816,000	(25,596,000)	(41,984,000)
Financing Activities
Proceeds from borrowings and overdrafts	2,145,427,000	302,450,000	386,257,000
Repayments on short-term borrowings and overdrafts	(2,487,130,000)	(363,901,000)	(373,287,000)
Payment of debt issuance costs	(22,133,000)	0	0
Dividends paid to shareholders	(17,092,000)	(11,875,000)	(14,919,000)
Dividends paid to noncontrolling interests	(21,683,000)	(23,349,000)	(17,938,000)
Acquisition of noncontrolling interest subject to put options	0	(4,062,000)	0
Other noncontrolling interest activity, net	382,000	0	0
Proceeds from exercise of stock options	7,041,000	153,000	75,000
Payment of contingent consideration	(5,031,000)	0	0
Proceeds received from issuance of common stock in initial public offering, net of issuance costs	398,876,000	0	0
Cash flow provided by (used in) financing activities	(1,343,000)	(100,584,000)	(19,812,000)
Effect of foreign currency exchange rate changes on cash	(7,794,000)	12,533,000	(957,000)
Increase in cash and cash equivalents	90,058,000	30,926,000	12,496,000
Cash and cash equivalents at beginning of period	160,503,000	129,577,000	117,081,000
Cash and cash equivalents at end of period	250,561,000	160,503,000	129,577,000
Supplemental cash flow information:
Income tax payments, net of refunds	(26,945,000)	(19,313,000)	(16,931,000)
Interest payments on borrowings	(26,691,000)	(10,859,000)	(10,682,000)
Non-cash Investing and Financing Activities:
Accrued property, plant and equipment	$ (5,414,000)	$ (10,859,000)	$ 0

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock	Additional Paid- In Capital	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Accumulated Other Comprehensive Loss	Equity Attributable to Noncontrolling Interests
Equity at beginning of period at Dec. 31, 2018	$ 583,555	$ (1,274)	$ 4,862	$ 207,118	$ 390,288	$ (1,274)	$ (120,315)	$ 101,602
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	69,387				55,060			14,327
Issuance of common stock	74		1	51	22
Proceeds from exercise of stock options	122			122
Dividends declared	(32,857)				(14,919)			(17,938)
Share of repayment of receivable from affiliates	(8,854)				(8,854)
Noncontrolling interest activity, net	(813)				(1,400)			587
Redeemable noncontrolling interest activity, net	16,149			(4,672)				20,821
Other comprehensive (loss)	(11,496)						(11,289)	(207)
Equity at end of period at Dec. 31, 2019	613,993		4,863	202,619	418,923		(131,604)	119,192
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	71,252				52,488			18,764
Issuance of common stock	153		2	104	47
Proceeds from exercise of stock options	(130)			(130)
Dividends declared	(35,224)				(11,875)			(23,349)
Share of repayment of receivable from affiliates	787				787
Noncontrolling interest activity, net	1,385				(33)			1,418
Redeemable noncontrolling interest activity, net	(848)			(4,361)	378			3,135
Other comprehensive (loss)	6,547						2,801	3,746
Equity at end of period at Dec. 31, 2020	657,915		4,865	198,232	460,715		(128,803)	122,906
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	16,808				(7,219)			24,027
Issuance of common stock	399,144		268	398,876
Proceeds from exercise of stock options	7,041		56	6,985
Cancellation of treasury stock			(263)	263
Share issuance to C&C Parties	190,674		119	190,555
Conversion of ordinary shares to common stock in connection with initial public offering			(4,096)	4,096
Dividends declared	(46,382)				(24,699)			(21,683)
Share of repayment of receivable from affiliates	469			469
Stock-based compensation expense	786		1	785
Noncontrolling interest activity, net	9,665			(1,706)				11,371
Redeemable noncontrolling interest activity, net	(2,459)			(6,332)				3,873
Reclassification of pension activity					(15,462)		15,462
Other comprehensive (loss)	(5,569)
Other comprehensive (loss)	(21,031)						(12,578)	(8,453)
Equity at end of period at Dec. 31, 2021	$ 1,212,630		$ 950	$ 792,223	$ 413,335		$ (125,919)	$ 132,041

NATURE OF OPERATIONS	12 Months Ended
NATURE OF OPERATIONS	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NATURE OF OPERATIONS Dole plc is engaged in the worldwide sourcing, processing, distributing and marketing of high-quality fresh fruit and vegetables. Dole is a premier global leader in fresh produce, and the Company’s most significant products hold leading positions in their respective categories and territories. Dole is one of the largest producers of fresh bananas and pineapples, the largest global exporter of grapes, one of the industry leaders in value added salads and fresh packed vegetables in the United States (the “U.S.”) and has a growing presence in categories such as berries, avocados and organic produce. Dole conducts operations throughout North America, Latin America, Europe, Asia, the Middle East and Africa (primarily in South Africa). As a result of its global operating and financing activities, Dole is exposed to certain risks, including fluctuations in commodity and fuel costs, interest rates and foreign currency exchange rates, as well as other environmental and business risks in sourcing and selling locations. Dole offers over 300 products grown and sourced both locally and globally from over 30 countries in various regions and distributed and marketed across retail, wholesale and food service channels in over 75 countries. The Company operates through a number of business-to-business and business-to-consumer brands, the most notable being the primary Dole brand (“DOLE brand”). Dole is incorporated in Ireland and was formed as a result of the combination of Total Produce and Legacy Dole. On February 16, 2021, Total Produce, Legacy Dole and the C&C Parties entered into a binding transaction agreement to combine Total Produce and Legacy Dole under a newly created entity, later named Dole plc, listed publicly in the U.S. Prior to the Merger, Total Produce had a 45% ownership interest in Legacy Dole. On July 29, 2021, the Merger between Total Produce and Legacy Dole occurred in the following manner: (i) shares in Total Produce were exchanged for shares in Dole plc through a scheme of arrangement at a fixed exchange ratio, and (ii) Legacy Dole merged with a subsidiary of Dole plc via a reverse triangular merger. Through the Merger, Total Produce shareholders and the C&C Parties received 82.5% and 17.5%, respectively, of the shares in Dole plc outstanding immediately prior to the IPO Transaction. On July 30, 2021, Dole plc consummated its IPO on the NYSE under the ticker symbol “DOLE”. In the IPO, Dole issued 25,000,000 shares of common stock at $16.00 per share. In addition, on August 30, 2021, an additional 1,779,062 shares of common stock were issued to the underwriters upon their exercise of the option to purchase them at the price of $16.00 per share. In the year ended December 31, 2021, total gross proceeds from the issuance of shares were $428.5 million, and after underwriting fees and other issuance costs of $29.6 million, net proceeds were $398.9 million. The proceeds from the IPO Transaction were used to fund the payment of outstanding debt balances. See Note 4 “Business Combinations and Transactions” for additional detail on the Merger and the IPO Transaction.

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The financial statements herein are prepared in conformity with generally accepted accounting principles in the

U.S. (“U.S. GAAP”) and are presented in accordance with applicable requirements of Regulation S-X. In the opinion of management, the consolidated financial statements of Dole include all necessary adjustments, which are of a normal recurring nature, to present fairly Dole’s financial position, results of operations and cash flows.

Dole’s consolidated financial statements include the accounts of majority-owned subsidiaries over which Dole exercises control, entities that are not majority-owned but require consolidation, because Dole has the ability to exercise control over operating and financial policies or has the power to direct the activities that most significantly impact the entities’ economic performance, and all variable interest entities (“VIEs”) for which Dole is the primary beneficiary.

Total Produce is the accounting acquirer of Legacy Dole, and as such, all Dole plc operating results prior to the Merger are only reflective of Total Produce, inclusive of Total Produce’s 45.0% investment in Legacy Dole. The prior year consolidated balance sheet is only reflective of legacy Total Produce.

Intercompany accounts and transactions have been eliminated in consolidation. The results of consolidated entities are included from the effective date of control or, in the case of VIEs, from the date that Dole becomes the primary beneficiary. The results of subsidiaries sold or otherwise deconsolidated are excluded from consolidated results as of the date that Dole ceases to control the subsidiary or, in the case of VIEs, when Dole ceases to be the primary beneficiary.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts and disclosures reported in the financial statements and accompanying notes. Estimates and assumptions include, but are not limited to, the areas of customer and grower receivables, inventories, impairment of assets, useful lives of property, plant and equipment, intangible assets, income taxes, self-insurance reserves, retirement benefits, business combinations, financial instruments and contingencies. Actual results could differ from these estimates and assumptions.

In the year ended December 31, 2021, the Company reclassified $15.5 million of pension activity from retained earnings to other comprehensive loss to correct the presentation of pension reserves in equity. The change did not have an impact to Dole’s results of operations, financial condition or cash flows.

Summary of Significant Accounting Policies

Revenue Recognition: Revenue is recognized when a performance obligation is satisfied as control of a good or service is transferred to a customer in the amount expected to be entitled at transfer. For each customer contract, the performance obligations are identified, the transaction price is allocated to the individual performance obligations, and revenue is recognized when these performance obligations are fulfilled and control of the good or service is transferred to the customer. The transfer of control of a good or service to customers is based on written sales terms that allow customers right of return when the good or service does not meet certain quality factors.

Revenue consists primarily of product revenue, which includes the selling of fresh produce, health foods and consumer goods to third-party customers. Fresh produce comprises two main product categories for fruit, fresh fruit and diversified produce, and two main product categories for vegetables, value added vegetables and fresh packed vegetables. Fresh fruit primarily consists of bananas and pineapples, and diversified produce primarily consists of all other fruit, including berries, deciduous fruit and other fresh fruit whose growing and selling cycles are different than those of the Company’s pineapples and bananas. Value added vegetables primarily include packaged salads and meal kits, and fresh packed vegetables include other vegetables, such as iceberg, romaine, leaf lettuces and celery.

Product revenue also includes surcharges for additional product services such as freight, cooling, warehousing, fuel, containerization, handling and palletization related to the transfer of products. The Company also has certain marketing contracts where Dole is the principal, and the related revenue and cost of sales are reported on a gross basis. Product revenues are recognized at a point in time when control of the goods has been transferred to the customer, which can be upon shipping or delivery, depending on the terms of sale.

Revenue also includes service revenue, which includes commissions with third-party growers, management fees, third-party freight and royalties for the use of Company brands and trademarks. Additionally, the Company maintains a commercial cargo business where revenue is earned by leasing a Company vessel, leasing available space on a Company vessel or providing handling and transportation services of containerized cargo on Company vessels. Net service revenues were less than 10% of total revenue for the years ended December 31, 2021, December 31, 2020 and December 31, 2019. See Note 5 “Revenue” for additional detail of the Company’s revenue by product and channel.

Dole’s incremental costs of obtaining a contract have primarily consisted of sales commissions, and the Company has elected the practical expedient to expense these costs that are related to contracts that are less than one year. These costs are included in selling, marketing and general and administrative expenses in the consolidated statements of operations. If these costs relate to contracts that are greater than one year, the incremental costs are capitalized as a contract asset and amortized over the period from which the contract is obtained until the performance obligations are met. Dole’s contracts are generally less than one year, and incremental costs of obtaining a contract are not material.

The Company treats shipping and handling costs that occur after the customer obtains control of the good as a fulfillment cost rather than a service performance obligation. Further, Dole has elected the practical expedient to exclude sales and other taxes imposed by government authorities on revenue-producing transactions from the transaction price.

The period between the transfer of a promised good or service to a customer and customer payment is expected to be less than one year and, as such, Dole has elected the practical expedient to not adjust the promised amount of consideration for the effects of a significant financing component.

Revenue is recorded net of any sales allowances, sales promotions and sales incentives. Sales allowances are calculated based on historical claims information. Dole offers sales promotions and sales incentives to its customers (resellers) and to its consumers. Sales promotions are temporary price reductions on third-party sales, and sales incentives include consumer coupons and discounts, volume and timing rebates and product placement fees. Estimated sales discounts are recorded in the period in which the related sale is recognized. Volume rebates are recognized in the period of sale as a reduction of revenue based on Dole’s estimate of sales volume over the term of the arrangement. All other sales incentives are estimated using both historical trends and current volumes and assumptions. The Company also enters cooperative advertising arrangements in which Dole refunds a retailer for a portion of the costs incurred to advertise Dole’s products. The value of these arrangements is treated as a reduction of revenue, unless the arrangement is in exchange for a distinct good or service, in which case, these amounts are recorded in selling, marketing and general and administrative expenses in the consolidated statements of operations. Adjustments to sales estimates are made periodically as new information becomes available and actual sales volumes become known. Adjustments to these estimates have historically not been significant to Dole.

Cost of Sales: Cost of sales primarily consists of costs associated with the production or purchasing of inventory, packaging materials, labor, depreciation, overhead, transportation and other distribution costs. Cost of sales also includes recurring agricultural costs and shipping and handling costs, which are detailed below.

Agricultural Costs: Plant costs, including seeds, trees, vines and stems and preproduction costs, including land preparation, pre-planting and planting costs, are generally capitalized into inventory and charged to cost of sales when the related crop is harvested and sold, with the exception of pineapples, in which the costs are expensed as incurred. Certain plant and preproduction costs are capitalized to property, plant and equipment, depending on the crop, and charged to cost of sales over the life. All land development costs, including farm and soil improvements, are capitalized to property, plant and equipment. The useful lives for plant, preproduction and land development costs capitalized to property, plant and equipment are 2 to 25 years and are based on historical yields, climate and weather conditions and likelihood of disease and pest interference. Recurring agricultural costs after the preproduction period, including ongoing pruning, fertilization, watering and farm labor, are generally capitalized into inventory and charged to cost of sales when the related crop is harvested and sold, with the exception of pineapples and bananas, in which the costs are expensed as incurred, due to the continuous nature of costs incurred throughout the year.

As a result of the Acquisition, certain Legacy Dole pineapple and banana costs were recognized into inventory at fair value to reflect the biological transformation of these crops. The fair value uplift related to these crops was reversed and recognized to cost of sales on a straight-line basis over the remaining growth and harvest cycle, which was complete as of December 31, 2021. Total incremental charges to cost of sales related to this uplift was $35.2 million for the year ended December 31, 2021. Similarly, certain plant and preproduction costs related to pineapples were recognized at fair value into property, plant and equipment to reflect the value associated with the pineapple bearer plant. A portion of the fair value uplift related to these pineapple bearer plants was reversed and recognized to cost of sales on a straight-line basis as of December 31, 2021, and the remaining uplift will continue to be reversed and recognized to costs of sales on a straight-line basis over the remaining life of these plants. Total incremental charges to cost of sales related to this uplift was $29.6 million for the year ended December 31, 2021. See Note 4 “Business Combinations and Transactions” for additional detail.

Shipping and Handling Costs: Amounts billed to third-party customers for shipping and handling are included as a component of revenues. Shipping and handling costs incurred are included as a component of cost of sales and represent fulfillment costs incurred by Dole to ship products from the sourcing locations to the end customer and are not considered separate performance obligations.

Value-Added Taxes: Value-added taxes that are collected from customers and remitted to taxing authorities are excluded from revenues and cost of sales. Receivables related to value-added taxes are included within other receivables, net, and other assets in the consolidated balance sheets.

Marketing and Advertising Costs: Marketing and advertising costs, which include media, production and other promotional costs, are generally expensed in the period in which the marketing or advertising first takes place. Marketing and advertising costs, included in selling, marketing and general and administrative expenses in the consolidated statements of operations, amounted to $10.6 million, $5.3 million and $5.8 million for the years ended December 31, 2021, December 31, 2020 and December 31, 2019, respectively.

Research and Development Costs: Research and development costs are expensed as incurred and are included in cost of sales or selling, marketing and general and administrative expenses in the consolidated statements of operations.

Research and development costs amounted to $5.8 million for the year ended December 31, 2021 and were not material for the years ended December 31, 2020 and December 31, 2019.

Restructuring Costs: Restructuring costs are expensed as incurred and included in cost of sales or selling, marketing, general and administrative expenses in the consolidated statements of operations. Restructuring charges were not material for the years ended December 31, 2021, December 31, 2020 and December 31, 2019.

Merger, Transaction and Other Related Costs: Dole records and separately states merger, transaction and other related costs to reflect non-recurring acquisition and merger-related activities. These costs were approximately $30.1 million for the year ended December 31, 2021 and primarily relate to the Merger and IPO Transaction. These costs were not significant for the years ended December 31, 2020 and December 31, 2019.

Gain (Loss) on Asset Sales: Gain (loss) on asset sales primarily consists of gains and losses incurred through the disposal of assets held-for-sale and actively marketed property and other property disposed in the ordinary course of business. All assets held-for-sale and actively marketed property held during the year ended December 31, 2021 represented Legacy Dole properties and were recognized at fair value as a result of the Acquisition. Therefore, no gains or losses were recognized for the disposal of assets held-for-sale and actively marketed property for the year ended December 31, 2021, as the fair values of the disposed properties approximated their ultimate disposal value. There were also no gains and losses on the disposal of assets held-for-sale and actively marketed property for the years ended December 31, 2020 and December 31, 2019. See Note 11 “Assets Held-For-Sale and Actively Marketed Property” for additional detail. Other gains and losses include disposals of other property in the ordinary course of business and have not historically been significant.

Gain (Loss) on Disposal of Businesses: Dole records and separately states the net gain (loss) related to the disposal of businesses or subsidiaries. These disposals are the result of a business no longer meeting the strategic objective of the Company. While a divestiture may impact the operating results of the Company, the net impact of these disposals has not historically been significant.

Interest Income: Interest income comprises interest from funds invested and other receivables, such as grower advances, and is recognized using the effective interest method over the term of the underlying agreement.

Interest Expense: Interest expense comprises interest on borrowings, amortization of discounts and issuance costs related to borrowings, interest on finance lease liabilities, debt extinguishment costs and arrangement fees.

Income Taxes: Dole accounts for deferred taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statement carrying amount and the tax basis of assets and liabilities, using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. A valuation allowance is provided for deferred tax assets for which it is deemed more likely than not that future taxable income will not be sufficient to realize the related income tax benefits from these assets. The Company recognizes the benefit of a tax position only to the extent that it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. If the tax position is deemed more-likely-than-not to be sustained, the tax position is then assessed to determine the amount of benefit to recognize in the consolidated financial statements. The amount of the benefit that is recognized is the largest amount that is greater than 50% likely of being realized upon settlement. Income tax expense includes the effects of any resulting tax reserves, or unrecognized tax benefits, that are considered appropriate as well as the related net interest and penalties. In respect to undistributed earnings for foreign subsidiaries, where those earnings are considered to be either indefinitely reinvested, or the earnings could be distributed tax free, no deferred tax liability have been provided thereon.

The Company releases stranded income tax effects from accumulated other comprehensive loss as individual items in accumulated other comprehensive loss are settled or otherwise disposed.

Discontinued Operations: Dole determines whether a disposal of a component or a group of components of Dole is required to be presented as discontinued operations, when the disposal represents a strategic shift that had, or will have, a major effect on Dole’s operations and financial results. A component of an entity comprises operations and cash flows that can be clearly distinguished both operationally and for financial reporting purposes. There was no income or loss from discontinued operations for the years ended December 31, 2021, December 31, 2020 and December 31, 2019.

Earnings per share: Basic earnings per share is calculated by dividing the net income attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period, excluding any shares purchased by the Company and held as treasury shares. Diluted earnings per share is calculated by dividing the net income or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding, after the adjustment for the effects of potentially issuable shares, such as restricted stock units and stock options with a dilutive effect.

Operating and Reportable Segments: Operating segments, defined as components of the Company that engage in business activities from which they earn revenue and incur expenses, are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker (“CODM”). The CODM, who is responsible for assessing performance and allocating resources amongst operating segments, is defined as the Chief Executive Officer (“CEO”) and Chief Operating Officer (“COO”).

Dole was re-organized and segment results adjusted to reflect the following segments of the Company - Fresh Fruit, Diversified Fresh Produce - Europe, the Middle East and Africa (“Diversified Fresh Produce - EMEA”), Diversified Fresh Produce - Americas and the Rest of the World (“Diversified Fresh Produce - Americas & ROW”) and Fresh Vegetables. See further detail on operating and reporting segments in Note 6 “Segments”.

Cash and Cash Equivalents: Cash and cash equivalents consist of cash on hand and highly liquid investments, primarily money market funds and time deposits, with original maturities of three months or less. Whenever outstanding checks exceed cash balances, the balance of the book overdraft is reclassified to accounts payable in the consolidated balance sheets.

Short-Term and Long-Term Investments: Dole sponsors various non-qualified benefit and executive compensation plans, with plan assets held in Rabbi Trusts. Short-term investments include the portion of the Rabbi Trust securities portfolio that approximates the short-term liability of the frozen non-qualified Supplemental Executive Retirement Plan (“SERP”) defined benefit plan and the total liability of the non-qualified deferred compensation Excess Savings Plan (“ESP”). Long-term investments include the portion of the Rabbi Trust securities portfolio that will be used to fund a portion of the long-term liability of the SERP plan. Securities are recorded at fair value with realized and unrealized holding gains and losses included in earnings. Dole estimates the fair value of its investments using prices provided by its custodian. See Note 18 “Fair Value Measurements” for fair value disclosures.

Trade Receivables: Trade receivables less allowances are recognized at net realizable value, which approximates fair value. Credit risk related to trade receivables is mitigated due to the large number of customers dispersed worldwide. To reduce credit risk, Dole performs periodic credit evaluations of its customers but does not generally require advance payments or collateral. Additionally, at least quarterly, Dole estimates expected credit losses for all outstanding trade receivables to determine if a related impairment loss and allowance should be recognized. Expected credit losses for newly recognized trade receivables, as well as changes to existing expected credit losses during the period, are recognized in selling, marketing, general and administrative expenses in the consolidated statements of operations. See Note 8 “Receivables and Allowances for Credit Losses” for further detail on how the Company estimates these credit losses. No individual customer accounted for more than 10% of Dole’s revenue during the years ended December 31, 2021, December 31, 2020 and December 31, 2019, nor accounted for greater than 10% of Dole’s account receivable as of December 31, 2021 and December 31, 2020.

In addition, Dole manages the credit risk of a portion of its trade receivables through the use of non-recourse trade receivables arrangements. See Note 8 “Receivables and Allowances for Credit Losses” for further detail.

Grower Advances: Dole makes advances to third-party growers for various farming needs. Some of these advances are secured with crop harvests or other collateral owned by the growers. Dole monitors these receivables on a regular basis and estimates expected credit losses, at least quarterly, for all outstanding grower advances to determine if a related impairment loss and allowance should be recognized. These expected credit losses are evaluated on a case-by-case basis and are based on historical credit loss information, among other quantitative and qualitative factors. Grower advances are stated at the gross advance amount less allowances for expected credit losses.

Grower advances are disaggregated into short-term advances that mature in one year or less, which are included within grower advance receivables, net, in the consolidated balance sheets and long-term advances that are included in other assets in the consolidated balance sheets.

Other Receivables: Other receivables consists primarily of miscellaneous notes receivable, hedging receivables and receivables from governmental institutions. These receivables are recorded at net realizable value. Allowances against

receivables are established based on specific account data and factors such as Dole’s historical losses, current economic conditions, age of receivables, the value of any collateral and payment status compared to payment terms. Account balances are written off against the allowance if and when management determines the receivable is uncollectible.

Concentration of Credit Risk: Financial instruments that potentially subject Dole to a concentration of credit risk principally consist of cash equivalents, investments, derivative contracts and grower advances. As discussed above, credit risk related to trade receivables is mitigated through the Company’s large customer base and periodic credit valuations. Dole maintains its cash and investments with high quality financial institutions. The counterparties to Dole’s derivative contracts, which are discussed in greater detail below, are major financial institutions. Grower advances are principally with farming enterprises and are generally secured by the underlying crop harvests or other collateral.

Inventories: Inventories are valued at the lower of cost or net realizable value. Costs related to fresh produce are determined on the first-in, first-out basis. Specific identification and average cost methods are also used primarily for certain packing materials and operating supplies. In the normal course of business, the Company incurs certain crop growing costs such as land preparation, planting, fertilization, grafting, pruning and irrigation. Based on the nature of these costs and type of crop production, these costs may be capitalized into inventory. Generally, all recurring direct and indirect costs of growing crops for fresh produce other than bananas and pineapples are capitalized into inventory. These costs are recognized into cost of sales during each harvest period.

As discussed in greater detail above, as a result of the Acquisition, certain Legacy Dole pineapple and banana costs were recognized into inventory at fair value to reflect the biological transformation of these crops. The fair value uplift related to these crops was reversed and recognized to cost of sales on a straight-line basis over the remaining growth and harvest cycle, which was complete as of December 31, 2021.

Due to the nature of the Company’s inventory, reserves for excess production and obsolescence have not historically been significant. However, losses from the result of subsequent measure of inventory and the related reserve were unusually larger as of December 31, 2021, due to the produce recall and plant suspensions described in more detail in Note 19 “Commitments and Contingencies.”

Details of inventory in the consolidated balance sheets as of December 31, 2021 and December 31, 2020 were as follows:


	December 31, 2021		December 31, 2020

Inventories:	(U.S. Dollars in thousands)
Finished products	$	233,666	$	120,897
Raw materials and work in progress	89,312		—
Crop growing costs	40,671		3,551
Agricultural and other operating supplies	47,088		16,731
	$	410,737	$	141,179

Physical goods that have completed production and are held-for-sale in the ordinary course of business are classified as finished products. Inventories classified as raw materials represent goods that will be consumed in production, such as fresh fruit or vegetables to be modified from their original form and those awaiting packaging, as well as items such as consumer packing, labels and pallets. Goods that are in the course of production are classified as work in progress. Inventories classified as crop growing costs include costs incurred up to the time crops are produced in commercial quantities. In addition, agricultural and other operating supplies that are consumed indirectly in production are also capitalized into inventory, such as ripening agents, fertilizer and fuel.

Assets Held-for-Sale and Actively Marketed Property: Dole reports a business or assets as held-for-sale when management has approved or received approval to sell the business or assets and is committed to a formal plan, the business or assets are available for immediate sale, the business or assets are being actively marketed, the sale is anticipated to occur during the ensuing year, and the other specified criteria for classification are met. In certain situations when timing of the sale of land is uncertain, Dole classifies such assets as actively marketed property. A business or assets classified as held-for-sale or land classified as actively marketed property are recorded at the lower of their carrying amount or estimated fair value less cost to sell. If the carrying amount exceeds the estimated fair value, a loss is recognized. Depreciation is not recorded on assets classified as held-for-sale or on land improvements associated with actively marketed property. Assets and liabilities related to a business classified as held-for-sale and actively marketed property are segregated in the consolidated balance sheets, and major classes are separately disclosed in the notes to the consolidated

financial statements, commencing in the period in which the business or assets are classified as held-for-sale or actively marketed. See Note 11 “Assets Held-For-Sale and Actively Marketed Property” for additional detail.

Investments in Unconsolidated Affiliates: Investments in unconsolidated affiliates and joint ventures with ownership of 20% to 50% are recorded using the equity method, provided Dole has the ability to exercise significant influence. In addition, entities in which the Company has variable interests are also recorded using the equity method when it is determined that the Company is not the primary beneficiary in the relationship. Under the equity method of accounting, a share of earnings and losses based on Dole’s ownership percentage in the investment is recorded in earnings each period. Unrealized gains and losses arising from transactions with equity method investments are eliminated to the extent of the Company’s interest in the equity.

All material equity method investments have the same fiscal year-end or a fiscal year-end within three months of the Company’s year-end. In the case of the latter, appropriate adjustments are made for the effects of significant transactions or events that occur between that date and the date of Dole’s consolidated financial statements. Where appropriate, the accounting policies of equity method investments have been adjusted to ensure consistency with the policies adopted by Dole.

All other unconsolidated investments are recorded at cost less impairment, as their fair value is not readily determinable. As of December 31, 2021 and December 31, 2020, substantially all of Dole’s investments in unconsolidated affiliates have been accounted for under the equity method.

Dole evaluates its equity and investments held at cost for impairment when facts and circumstances indicate that the carrying value of such investments may not be recoverable. Dole reviews several factors to determine whether the loss is other than temporary, such as the length and extent of the fair value decline, the financial condition and near-term prospects of the investee and whether Dole has the intent to sell or will be required to sell before the investment’s anticipated recovery. If a decline in fair value is determined to be other than temporary, an impairment charge is recorded in earnings.

In the year ended December 31, 2021, the Company recorded an impairment charge related to its investment in Legacy Dole of $122.9 million, as the carrying value of the 45.0% investment was higher than the value of the consideration paid upon the Acquisition. The Company also recognized a gain on the settlement of preexisting contractual arrangements of $93.0 million. The net loss on Legacy Dole arising from the step-up acquisition was $4.0 million, after considering the impairment offset by the gain on the preexisting contractual arrangements, both noted above, and also the release of deferred tax, indemnification and cumulative equity reserves of $20.1 million, $4.4 million and $1.4 million, respectively. During the year ended December 31, 2021, Dole also recorded a fair value gain of $7.7 million, upon the acquisition of other investments previously accounted for under the equity method. The Company also acquires and disposes of investments in unconsolidated affiliates in the normal course of business. In the year ended December 31, 2021, the Company recorded a gain on the disposal of investments accounted for under the equity method of $1.1 million. Dole did not recognize any impairment charges or any gain or loss for investments in unconsolidated affiliates for the years ended December 31, 2020 and December 31, 2019. See Note 23 “Investments in Unconsolidated Affiliates” for additional detail.

Property, Plant and Equipment: Property, plant and equipment is stated at cost plus asset retirement obligations, if any, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of these assets. Dole reviews long-lived assets to be held and used for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. If an evaluation of recoverability is required, the estimated undiscounted future cash flows directly associated with the asset are compared to the asset’s carrying amount. If this comparison indicates that there is an impairment, the amount of the impairment is calculated by comparing the carrying value to discounted expected future cash flows or comparable market values, depending on the nature of the asset group. Routine maintenance and repairs are expensed as incurred. Dole did not recognize any impairment charges for property, plant and equipment for the years ended December 31, 2021 and December 31, 2019 and recognized an impairment loss of approximately $1.2 million in the year ended December 31, 2020. The impairment related to three properties in the Diversified Fresh Produce - EMEA segment where an analysis of the properties indicated that the carrying amount exceeded the fair value based on quoted market prices. See Note 12 “Property, Plant and Equipment” for additional detail on the major classes of property, plant and equipment and the respective useful lives of the asset classes.

Dry-Docking Costs: Dole incurs costs for planned major maintenance activities related to its vessels during regularly scheduled dry dockings that occur approximately every 2 to 7 years, depending on the age of the vessel. Costs incurred during the dry-docking period, such as overhaul costs, are capitalized and amortized to the next overhaul. Costs incurred

during the dry-docking period relating to routine repairs and maintenance are expensed as incurred and included in cost of sales in the consolidated statements of operations.

Leases: Dole leases fixed assets for use in operations where leasing offers advantages of operating flexibility and is less expensive than alternative types of funding. Dole also leases land in countries where land ownership by foreign entities is restricted or where purchasing is not a viable option.

Dole’s leases are evaluated at inception or at any subsequent modification and, depending on the lease terms, are classified as either finance or operating leases. For leases with terms greater than one year, the Company recognizes a related asset (“right-of-use asset”) and obligation (“lease liability”) on the lease commencement date, calculated as the present value of lease payments over the lease term. Right-of-use assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Many of Dole’s leases include rental escalation clauses, renewal options and/or termination options that are factored into the determination of lease payments and lease term when appropriate. Dole’s lease agreements do not contain any residual value guarantees. The majority of Dole’s leases are classified as operating leases. Dole’s principal operating leases are for vessel containers that do not meet finance lease criteria, ports, land and warehouse facilities. Dole’s finance leases primarily consist of vessel containers and machinery and equipment that meet the finance lease criteria. Dole’s decision to exercise renewal options is primarily dependent on the level of business conducted at the location and the profitability of the renewal.

The Company has elected to account for lease and non-lease components a single lease component in contracts where Dole is the lessee. When available, the rate implicit in the lease is used to discount lease payments to present value; however, most of Dole’s leases do not provide a readily determinable implicit rate. Therefore, the Company’s incremental borrowing rate is used to discount the lease payments based on information available at lease commencement.

When the Company acts as a lessor, for contracts that contains a lease component, the Company allocates the consideration in the contract to each lease component on the basis of their relative standalone prices at inception or modification of the lease. The Company determines at lease inception whether each lease is a finance lease or an operating lease. To classify each lease, the Company makes an overall assessment of whether the lease transfers substantially all of the risks and rewards incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease; if not, then it is an operating lease. As part of this assessment, the Company considers certain indicators such as whether the lease is for the major part of the economic life of the asset. If an arrangement contains lease and non-lease components, then the Company applies ASC 606, Revenue from Contracts with Customers, to allocate the consideration in the contract. Dole recognizes lease payments received under operating leases as income on a straight-line basis over the lease term as a part of other income (expense), net in the consolidated statements of operations.

Goodwill and Intangible Assets: Goodwill represents the excess cost of a business acquisition over the fair value of the net assets acquired, including the amount assigned to identifiable intangible assets. Fair values for goodwill and intangible assets are determined based on discounted cash flows, market multiples or appraised values, as appropriate. Dole tests goodwill for impairment at the reporting unit level annually on the first day of the fourth quarter of each fiscal year and when there is an indicator of impairment. Dole defines each of its four operating business segments as reporting units for purposes of evaluating goodwill for impairment: Fresh Fruit, Diversified Fresh Produce – EMEA, Diversified Fresh Produce – Americas & ROW and Fresh Vegetables.

Dole’s indefinite-lived intangible assets, primarily consisting of the DOLE brand, are considered to have an indefinite life, because they are expected to generate cash flows indefinitely and, as such, are not amortized. Indefinite-lived intangible assets are reviewed for impairment annually on the first day of the fourth quarter of each fiscal year, or more frequently if certain impairment indicators arise.

Dole’s definite-lived intangible assets include customer relationships, supplier relationships and local brands, that are initially recorded at fair value and amortized on a straight-line basis over 3 to 15 years.

During the years ended December 31, 2021, December 31, 2020 and December 31, 2019, Dole assessed qualitative and quantitative factors to determine whether it was more likely than not that the fair value of each reporting unit was less than its carrying value. Qualitative factors includes market considerations, overall financial performance and other relevant events and factors affecting the reporting unit. Quantitative factors include forecasted revenue and margin and the determination of recoverable amounts. Based on the impairment tests performed in each year, the Company determined that it was not more likely than not that the fair value of each reporting unit was less than its carrying value.

See Note 13 “Goodwill and Intangible Assets” for additional detail.

Bank Overdrafts: The Company and its subsidiaries have a number of bank overdraft facilities which are primarily used to fund seasonal working capital requirements. The total of these facilities as of December 31, 2021 and December 31, 2020 was $9.4 million and $11.2 million, respectively. The facilities contain covenants customary for unsecured facilities of this kind, including financial covenants on maximum leverage and minimum interest cover. Bank overdrafts are classified as a current liability in the consolidated balance sheets. See Note 14 “Notes Payable, Bank Overdrafts and Long-Term Debt” for additional detail.

Debt: Debt is carried at the principal amount borrowed, including unamortized discounts and premiums and debt issuance costs, when applicable. Debt discounts and issuance costs are amortized over the term of the debt agreement using the effective interest method. Debt discounts and issuance costs are presented as a direct reduction of debt in the consolidated balance sheets, except for those issuance costs related to line-of-credit arrangements which are recorded as a prepaid asset in the consolidated balance sheets. See Note 14 “Notes Payable, Bank Overdraft and Long-Term Debt” for additional detail.

Workers Compensation and Loss Reserves: Dole self-insures certain losses arising out of workers compensation claims. Dole establishes workers compensation accruals for its self-insured programs based upon reported claims in process and actuarial estimates for losses incurred but not reported. Loss reserves, including incurred but not reported reserves, are estimated using actuarial methods, and ultimate settlements may vary significantly from such estimates due to increased claims frequency or the severity of claims and are recorded in accrued liabilities or other long-term liabilities in the consolidated balance sheets, depending on the estimate of the timing of settlement.

Derivative Financial Instruments: Dole also holds derivative instruments to hedge against risks in foreign currency exchange, fuel costs and interest rates on long-term borrowings. Dole estimates the fair value of its derivatives, including any credit valuation adjustments, using market-based inputs. During the year ended December 31, 2021, Dole entered into interest rate swaps that qualified for hedge accounting and designated them as hedging instruments. All realized gains and losses under the interest rate swaps and other designated cash flow hedges are included in earnings in the consolidated statements of operations, and unrealized gains and losses are included in other comprehensive income (loss). For all other hedges not designated as hedging instruments, all realized and unrealized gains and losses are recorded in the same line item within the consolidated statements of operations as the activity that is being hedged from a financial risk management perspective. See Note 17 “Derivative Financial Instruments” for additional detail on derivative instruments.

Fair Value Hedges: The Company enters into fair value hedges to hedge foreign currency exposure of certain non-functional currency assets and liabilities. Dole enters into foreign currency forward contracts primarily to hedge the changes in fair value of intercompany loans denominated in a currency other than the U.S. dollar functional currency. During the year ended December 31, 2021, the Company discontinued its fair value hedges.

Cash Flow Hedges: The Company enters into cash flow hedges to hedge against variability in certain expected future cash flows related to foreign currency exchange, fuel costs and interest rates on long-term borrowings. Dole enters into foreign currency exchange forward contracts and option contracts to hedge a portion of its forecasted revenue, cost of sales and operating expense. In addition, Dole incurs significant fuel costs transporting products from the sourcing location to the end customer (reseller). To mitigate the price uncertainty of future purchases of bunker fuel, Dole enters into bunker fuel swap contracts. Similarly, in order to mitigate interest rate uncertainty on long-term debt, Dole enters into interest rate swap agreements.

Fair Value of Financial Instruments: Dole’s financial instruments primarily comprise cash and cash equivalents, short and long-term investments, short-term trade and grower receivables, trade payables, notes receivable and notes payable, as well as long-term grower receivables, finance lease obligations, asset-based loans, contingent consideration, term loan facilities and notes. The carrying amounts of short-term instruments, excluding Dole’s short-term Rabbi Trust investments that are recorded at fair value, approximate fair value because of the instrument’s short maturity. The carrying amounts of long-term financial instruments, excluding Dole’s secured notes, term loans, contingent consideration and long-term Rabbi Trust investments, approximate fair value, since the instruments bear interest at variable or fixed rates which approximate market rates. See Note 18 “Fair Value Measurements” for additional detail.

Dole also holds retirement plan assets which are measured at fair value. Dole estimates the fair value of its retirement plan assets based on quoted market prices, dependent on availability. In instances where quoted market prices are not readily available, the fair value of the investment securities is estimated based on pricing models using observable or unobservable inputs. As a practical expedient, the Company uses net asset value (“NAV”) to measure certain real estate investments without a readily determinable fair value within the Company’s pension asset portfolio. The underlying fund

utilizes pricing and valuation information from third-party sources, including independent appraisals. See Note 15 “Employee Benefit Plans” for additional detail.

Foreign Currency Exchange: The functional currency of Dole is the U.S. dollar. For subsidiaries with transactions that are denominated in a currency other than the functional currency, the net foreign currency exchange transaction gains or losses resulting from the translation of monetary assets and liabilities to the functional currency are included in the consolidated statements of operations. Transaction gains and losses were not material in the years ended December 31, 2021, December 31, 2020 and December 31, 2019. Net foreign currency exchange gains or losses resulting from the translation of assets and liabilities of foreign subsidiaries whose functional currency is not the U.S. dollar are recorded as a part of the cumulative translation adjustment in stockholders’ equity.

Stock-Based Compensation: Stock-based compensation for Dole consists of restricted stock units and stock options. At their grant date, the restricted stock units are valued using the current share price, and the stock options are valued using the Black Scholes pricing model. Stock-based compensation expense is recognized over the requisite service period, which is the vesting period of each award.

Redeemable Noncontrolling Interest (“NCI”): If a put option is held by a NCI in a subsidiary undertaking, whereby the holder of the put option can require Dole to acquire the NCI's ownership in the subsidiary at a future date, the Company examines the nature of such a put option to determine whether the put option is a separate financial instrument to, or embedded within, the NCI.

As the Company’s NCI containing put options have exercise prices based on future earnings of the related consolidated subsidiaries and meet the criteria for mezzanine classification, they are classified as redeemable NCI as mezzanine equity in the consolidated balance sheets. The options do not contain a limit to the amount that the Company could be required to pay upon exercise by the holder, and the embedded put and call features do not meet the criteria for bifurcation.

Both permanent and mezzanine-classified NCI are measured at fair value on the acquisition date. Each reporting period, net income and comprehensive income of a consolidated subsidiary is allocated to the controlling interest and NCI. When redemption of a mezzanine-classified NCI becomes probable, the NCI is accreted to its redemption amount with the offset to additional paid-in-capital. These changes are accreted over periods prior to the earliest redemption date or recognized immediately as they occur.

Guarantees: Dole makes guarantees as part of its normal business activities. These guarantees include guarantees of the indebtedness of some of its key fruit suppliers and other entities integral to Dole’s operations. Dole also issues bank guarantees as required by certain regulatory authorities, suppliers and other operating agreements, as well as to support the borrowings, leases and other obligations of its subsidiaries. The majority of Dole’s guarantees relate to guarantees of subsidiary obligations and are scoped out of the initial measurement and recognition accounting requirements related to guarantees.

Business Combinations: Business combinations are accounted for using the acquisition method of accounting. Application of this method of accounting requires that (i) identifiable assets acquired (including identifiable intangible assets) and liabilities assumed generally be measured at fair value as of the acquisition date, and (ii) the excess of the purchase price over the net fair value of identifiable assets acquired and liabilities assumed be recognized as goodwill.

Determining the fair value of assets acquired and liabilities assumed and the allocation of the purchase price requires management to use significant judgment and estimates, especially with respect to intangible assets. Estimates in valuing certain identifiable assets include, but are not limited to, the selection of valuation methodologies, estimates of future revenue and cash flows, expected long-term market growth, future expected operating expenses, costs of capital and appropriate discount rates. Management's estimates of fair value are based upon assumptions believed to be reasonable but which are inherently uncertain and unpredictable, and as a result, actual values may differ from these estimates. During the measurement period, certain adjustments may be recorded to the carrying fair value of the assets acquired and liabilities assumed with the corresponding offset to goodwill. After the measurement period, which could last up to one year after the transaction date, all adjustments are recorded in the consolidated statements of operations.

The NCI in acquired businesses are measured at fair value at the date of acquisition and are separately presented within stockholders' equity, distinct from equity attributable to Dole. Each reporting period, net income (loss) and comprehensive income (loss) of consolidated subsidiaries in which NCI are held are attributed to that NCI based on their equity interest in each consolidated subsidiary.

Contingent consideration is recognized and measured at fair value at the acquisition date. Any obligation of the Company to pay contingent consideration in connection with a business combination is classified as a liability as required by ASC 480, Distinguishing Liabilities from Equity; otherwise, it is classified as equity. Post-combination accounting for contingent consideration is impacted by its initial classification. When it is classified as a liability, it is remeasured at each reporting date at fair value, and any changes in fair value are reported within earnings. When it is classified as equity, the contingent consideration is not remeasured subsequently, and its settlement is accounted for within equity. Total contingent consideration as of December 31, 2021 and December 31, 2020 amounted to $7.3 million and $10.7 million, respectively

See Note 4 “Business Combinations and Transactions” for further detail on the Acquisition that occurred in the year ended December 31, 2021.

Contingencies: Estimated losses from contingencies are recognized if it is probable that an asset has been impaired or a liability has been incurred as of the date of the financial statements and the amount of that loss can be reasonably estimated. Gain contingencies are not recognized until realized. Judgement is used to assess whether a loss contingency is probable and estimable, and actual results may differ from that estimate. See Note 19 “Commitments and Contingencies” for further detail on the Company’s contingencies.

NEW ACCOUNTING PRONOUNCEMENTS	12 Months Ended
NEW ACCOUNTING PRONOUNCEMENTS	Dec. 31, 2021
Accounting Policies [Abstract]
NEW ACCOUNTING PRONOUNCEMENTS	NEW ACCOUNTING PRONOUNCEMENTS New Accounting Pronouncements Adopted ASU 2019-12, Income Taxes (Topic 740) In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The ASU introduces new guidance to evaluate whether a step-up in tax basis of goodwill relates to a business combination, through which book goodwill was recognized, or a separate transaction and provides a policy election to not allocate income taxes to legal entities that are both not subject to income taxes and disregarded by the taxing authority. The ASU also makes changes to the current guidance for making intraperiod tax allocations and determining when a deferred tax liability is recognized after an investor in a foreign entity transitions to or from the equity method of accounting, among other changes. The accounting amendment is effective for public entities in annual periods beginning after December 15, 2020 and interim periods within those fiscal years. Dole adopted this new accounting guidance on January 1, 2021, the first day of Dole’s 2021 fiscal year. The adoption of this ASU did not have a material impact to the Company’s financial condition, results of operations, cash flows and related disclosures. ASU 2020-01 Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) In January 2020, the FASB issued ASU 2020-01, Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. The amendments in this update clarify certain interactions between the guidance to account for certain equity securities under Topic 321, the guidance to account for investments under the equity method of accounting in Topic 323 and the guidance in Topic 815. This update affects how an entity accounts for an equity security under the measurement alternative or for a forward contract or purchased option to purchase securities that, upon settlement of the forward contract or exercise of the purchased option, would be accounted for under the equity method of accounting or the fair value option in accordance with Topic 825, Financial Instruments. The accounting amendment is effective for public entities in annual periods beginning after December 15, 2020 and interim periods within those fiscal years. Dole adopted this new accounting guidance on January 1, 2021, the first day of Dole’s 2021 fiscal year. The adoption of this ASU did not have a material impact to the Company’s financial condition, results of operations, cash flows and related disclosures. ASU 2020-10 – Codification Improvements In October 2020, the FASB issued ASU 2020-10, Codification Improvements. The amendments in this update seek to clarify guidance being applied in an inconsistent manner; however, amendments are not expected to result in a significant change in practice. The amendments in this update are effective for public entities in annual periods beginning after December 15, 2020. The adoption of this ASU did not have a material impact to the Company’s financial condition, results of operations, cash flows and related disclosures. ASU 2020-04 – Reference Rate Reform (Topic 848) – Facilitation of the effects of reference rate reform on financial reporting In March 2020, the FASB issued ASU 2020-04, Reference rate reform (Topic 848) – Facilitation of the effects of reference rate reform on financial reporting. The amendments in this update provide optional expedients and exceptions related to accounting for transactions affected by reference rate reform. The amendments only apply if certain criteria are met. The amendments in this update apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. In addition, in January 2021, the FASB issued ASU 2021-01, Amendments to reference rate reform (Topic 848). The amendments in this update clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivative instruments that use an interest rate for margining, discounting or contract price alignment that is modified as a result of reference rate reform. Amendments in this update also capture the incremental consequences of the scope clarification and tailor the existing guidance to derivative instruments affected by the discounting transition. All amendments discussed above are elective and are effective upon issuance for all entities. This guidance will be available through December 31, 2022. Dole has LIBOR-based borrowings and interest rate swaps that reference LIBOR. Dole did not modify any material contracts due to reference rate reform in fiscal year 2021. The Company has adopted certain elections under this guidance related to the assessment of hedge effectiveness of its LIBOR-based interest rate swaps. These elections include asserting the hedged forecasted transactions remain probable and assuming the reference rate will not be replaced for the remainder of the hedging relationships, regardless of expected contract term modifications due to reference rate reform. These elections allow the Company to continue applying hedge accounting to its LIBOR-based interest rate swaps and there is no impact to Dole’s financial condition, results of operations, cash flows and related disclosures. The Company may adopt additional elections under this new guidance as its contracts referencing LIBOR are modified to reference other rates. New Accounting Pronouncements Not Yet Adopted The Company considered all new accounting pronouncements not yet adopted and determined them not applicable to Dole or not expected to have a material impact.

BUSINESS COMBINATIONS AND TRANSACTIONS

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

BUSINESS COMBINATIONS AND TRANSACTIONS

On July 29, 2021, the Merger was completed between Total Produce and Legacy Dole and on July 30, 2021, the newly created entity, Dole plc, consummated its IPO on the NYSE under the ticker symbol “DOLE”.

On February 1, 2018, Total Produce entered into a Securities Purchase Agreement with the C&C Parties to purchase 45.0% of Legacy Dole for $300.0 million (“Original Transaction”) with options to acquire the remaining 55.0% in future years. The Original Transaction closed on July 31, 2018 and Total Produce accounted for its investment in Legacy Dole under the equity method of accounting until the Merger and IPO Transaction. On July 29, 2021, the Merger between Total Produce and Legacy Dole occurred in the following manner: (i) shares in Total Produce were exchanged for shares in Dole plc through a scheme of arrangement at a fixed exchange ratio, and (ii) Legacy Dole merged with a subsidiary of Dole plc via a reverse triangular merger. Through the Merger, Total Produce shareholders and C&C Parties received 82.5% and 17.5%, respectively, of the shares in Dole plc outstanding immediately prior to the IPO Transaction.

As a result of the Merger, Total Produce acquired the remaining 55.0% of Legacy Dole in exchange for stock consideration along with the forgiveness of certain indemnities and loans owed by C&C Parties. Total consideration was calculated as $576.2 million and is inclusive of an implied equity value for Legacy Dole based on the IPO price of $16.00, after considering the forgiveness of certain indemnities and loans owed by C&C Parties.

Through the IPO Transaction, the Company incurred underwriting fees and other issuance costs of $29.6 million, which were recorded in equity as a reduction of gross proceeds. For the year ended December 31, 2021, the Company also incurred other Merger and IPO costs of $30.1 million, which are recorded in merger, transaction and other related costs in the consolidated statements of operations.

At the time of the Merger, Total Produce’s investment in Legacy Dole was approximately $259.0 million. Based on the implied equity value of the stock consideration for the existing 45.0% equity interest, the Company recognized an impairment loss of $122.9 million. The Company also recognized a gain on the settlement of preexisting contractual arrangements of $93.0 million. The net loss on Legacy Dole arising from the step-up acquisition was $4.0 million, after considering the impairment, offset by the gain on the preexisting contractual arrangements and other items. The net loss

was included in equity in net earnings of investments accounted for under the equity method in the consolidated statements of operations. See Note 23 “Investments in Unconsolidated Affiliates” for additional detail on the calculation of the net loss on Legacy Dole arising from the step-up acquisition.

Purchase Price Allocation

The purchase price of Legacy Dole exceeded the fair value of the identifiable net assets and, accordingly, $274.0 million was allocated to goodwill, none of which is tax deductible. The goodwill arising from the Acquisition consists largely of the synergies and economies of scale expected from combining the operations of Total Produce and Legacy Dole. The goodwill has been assigned to the Fresh Fruit operating segment, pending the finalization of the valuation results. The Company also acquired $310.7 million of intangible assets which primarily relate to the indefinite-lived DOLE brand of $306.3 million. See Note 13 “Goodwill and Intangible Assets” for further detail.

The components of the purchase price were as follows:


	Amount
	(U.S. Dollars in thousands)
Equity instruments	$	576,186
Cash acquired	(108,973)
Net intercompany payable to Legacy Dole at acquisition	(6,900)
Net consideration	$	460,313

The purchase price was allocated to the assets and liabilities acquired in the Acquisition as follows:


Current assets, less inventory and cash acquired	$	611,526
Inventory	257,201
Property, plant and equipment	1,265,303
Intangible assets	310,659
Other assets	427,153
Goodwill	274,048
Current liabilities, less current portion of debt	(662,590)
Debt	(1,392,176)
Other liabilities	(621,193)
	469,931
Noncontrolling interests assumed	(9,618)
	$	460,313

The fair value of the acquired identifiable property, plant and equipment, other assets and liabilities and goodwill and intangibles is provisional and subject to change based on further review of the underlying estimates and respective inputs by the Company. The incremental impact to the consolidated statements of operations due to changes in the provisional values is not expected to be material. The measurement period is expected to end when the Company has obtained all relevant information about the facts that existed at the Acquisition Date or July 29, 2022, whichever is earliest.

Other assets include long-term investments, investments in unconsolidated affiliates, actively marketed property, operating lease right-of-use assets, deferred tax assets and other long-term assets. Other liabilities includes long-term operating lease liabilities, deferred tax liabilities, long-term pension and postretirement benefits, and other long-term liabilities.

Included within inventory above is $35.2 million of previously uncapitalized pineapple and banana costs that were recognized to reflect the biological transformation of these crops. The fair value uplift related to these crops was reversed and recognized to cost of sales on a straight-line basis over the remaining growth and harvest cycle, which was complete as of December 31, 2021. The total incremental charge to cost of sales related to this uplift was $35.2 million for the year ended December 31, 2021. Included within property, plant and equipment is $68.1 million of previously uncapitalized pineapple costs that were recognized to reflect the value associated with the pineapple bearer plant. The fair value uplift related to these bearer plants will be reversed and recognized to cost of sales on a straight-line basis over the life of these plants. The total incremental charge to cost of sales related to this uplift was $28.4 million for the year ended December 31,

2021. The Company also incurred $2.3 million related to the fair value of finished goods, other inventory and other pineapple bearer plants for the year ended December 31, 2021.

The following tables represent (1) the amount of Legacy Dole’s revenue, excluding sales with Total Produce entities, and earnings included in the consolidated statements of operations included herein, which includes Legacy Dole from the Acquisition Date of July 29, 2021 through the year ended December 31, 2021; and (2) the pro forma revenue and earnings, including material and nonrecurring pro forma adjustments, of the combined company assuming the Acquisition Date was January 1, 2020:


	Year Ended
	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Actual (Legacy Dole):
Revenue	$	1,915,458	$	—
Net loss attributable to Legacy Dole	(80,604)		—


	Year Ended
	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Pro forma (total Dole plc):
Revenue	$	9,285,672	$	8,969,405
Net income attributable to Dole plc	151,651		8,567
Material and nonrecurring pro forma adjustments:
Elimination of intercompany revenue	$	(72,389)	$	(48,533)
Incremental charges on biological assets and inventory and depreciation impact	—		(98,162)
Merger & IPO costs	—		(30,876)
Net impact of interest, net of tax	—		29,653
Removal of equity method pickup of Legacy Dole investment, net of tax	(24,396)		(19,134)

Other Acquisitions and Divestitures

The Company normally engages in acquisitions to grow its business and product offerings. The majority of acquisitions represent an increase of an existing ownership percentage to obtain control of entities previously accounted for under the equity method. See Note 23 “Investments in Unconsolidated Affiliates” for additional detail on acquisitions and divestitures related to investments in unconsolidated affiliates.

In the year ended December 31, 2019, the Company made a number of acquisitions with total consideration of $9.2 million. Goodwill recognized from these acquisitions was $4.0 million. There were no other material acquisitions aside from those described in Note 23 “Investments in Unconsolidated Affiliates,” in the years ended December 31, 2021 and December 31, 2020. In the year ended December 31, 2021, the Company divested of two subsidiaries. Aggregate consideration received, net assets disposed and the net gain recognized for these divestitures were not material. Divestitures for the years ended December 31, 2020 and December 31, 2019 were not significant.

REVENUE

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

REVENUE

The following table presents the Company's disaggregated revenues by similar types of products for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

	(U.S. Dollars in thousands)
Fresh fruit	$	982,652	$	—	$	—
Fresh packed vegetables	120,648		—		—
Value added vegetables	400,747		—		—
Diversified produce	4,730,080		4,221,899		4,067,025
Health foods and consumer goods	136,149		124,040		99,774
Commercial cargo and other services	84,126		—		—
	$	6,454,402	$	4,345,939	$	4,166,799

The following table presents the Company's disaggregated revenues by channel for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

Third party revenue:	(U.S. Dollars in thousands)
Retail	$	3,970,101	$	2,668,454	$	2,386,697
Wholesale	1,913,961		1,252,547		1,252,562
Food service	365,931		311,317		421,312
Commercial cargo and other services	83,638		—		—
Revenue from equity method investments	120,771		113,621		106,228
Total revenue	$	6,454,402	$	4,345,939	$	4,166,799

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045

+ Details

SEGMENTS

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

SEGMENTS

Following the Merger, Dole has the following four reportable segments, which align with the manner in which the business is managed: Fresh Fruit, Diversified Fresh Produce – EMEA, Diversified Fresh Produce – Americas and ROW and Fresh Vegetables. The Company’s reportable segments are based on (i) financial information reviewed by the CODM, defined as the CEO and COO, (ii) internal management and related reporting structures, and (iii) the basis upon which the CODM assesses performance and allocates resources.

Fresh Fruit: Fresh Fruit includes operations related to the sale of bananas and pineapples, which are sourced from local growers or Dole-owned and leased farms primarily located in Latin America and sold throughout North America, Europe, Latin America and Asia.

Diversified Fresh Produce – EMEA: Diversified Fresh Produce – EMEA includes Dole’s Irish, Dutch, Spanish, French, Italian, the United Kingdom (“U.K.”), Swedish, Danish, South African, Eastern European and Brazilian businesses, each of which sell a variety of imported and local fresh fruits and vegetables through retail, wholesale and, in some instances, food service channels across the European marketplace.

Diversified Fresh Produce – Americas & ROW: Diversified Fresh Produce – Americas & ROW includes Dole’s U.S., Canadian, Chilean and Indian businesses, all of which market globally and locally sourced fresh produce from third party growers or Dole-owned farms through retail, wholesale and food service channels globally.

Fresh Vegetables: Fresh Vegetables includes operations related to the sale of value added salads, which includes salad and meal kits, and fresh packed vegetables, which includes produce such as iceberg, romaine, leaf lettuces and celery. These products are sourced from North America and substantially all revenue is generated in North America.

Prior to the acquisition of Legacy Dole, Total Produce considered its 45% share in Legacy Dole to be a reportable segment. As such, operating results prior to the Acquisition Date related to Total Produce’s share in Legacy Dole are separately reported.

Segment performance is evaluated based on a variety of factors, of which revenue and Adjusted EBITDA are the primary financial measures. All transactions between reportable segments are eliminated in consolidation. Management does not use assets by segment to evaluate performance or allocate resources. Therefore, assets by segment are not disclosed.

Adjusted EBITDA is reconciled below to net income by (1) adding the income tax expense or subtracting the income tax benefit; (2) adding interest expense; (3) adding depreciation charges; (4) adding amortization charges; (5) adding merger, transaction and other related costs; (6) adding the net unrealized loss or subtracting the net unrealized gain on derivative instruments; (7) adding the net unrealized loss or subtracting the net unrealized gain on foreign currency denominated borrowings; (8) adding or subtracting fair value movements on contingent consideration; (9) adding impairment charges on property, plant and equipment; (10) adding or subtracting asset write-downs, net of insurance proceeds; (11) adding incremental costs for produce recalls and related costs; (12) subtracting the fair value gain or adding the fair value loss on the acquisition of investments previously accounted for under the equity method; (13) subtracting the gain or adding the loss on the sale of investments accounted for under the equity method; (14) subtracting the gain or adding the loss on the disposal of business interests; (15) adding the loss or subtracting the gain on asset sales for assets held-for-sale and actively marketed property; (16) adding the incremental costs from the fair value uplift for biological assets and inventory related to the acquisition of Legacy Dole; and (17) adding restructuring charges. It also includes the Company’s share of these items within equity method investments.

The following table provides revenue and Adjusted EBITDA by reportable segment:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
Revenue:	(U.S. Dollars in thousands)
Fresh Fruit	$	1,133,038	$	—	$	—
Diversified Fresh Produce - EMEA	3,383,009		3,119,746		3,032,419
Diversified Fresh Produce - Americas & ROW	1,465,025		1,226,193		1,134,380
Fresh Vegetables	510,687		—		—
Total segment revenue	6,491,759		4,345,939		4,166,799
Intersegment revenue	(37,357)		—		—
Total consolidated revenue, net	$	6,454,402	$	4,345,939	$	4,166,799

Segment Adjusted EBITDA:
Fresh Fruit	$	26,965	$	—	$	—
Diversified Fresh Produce - EMEA	128,098		105,089		90,323
Diversified Fresh Produce - Americas & ROW	41,737		32,335		27,510
Fresh Vegetables	(27)		—		—
Legacy Dole	93,353		114,117		112,873

Adjustments:
Income tax benefit (expense)	13,333		(18,130)		(10,312)
Interest expense	(27,030)		(10,523)		(12,042)
Depreciation	(61,551)		(24,634)		(22,900)
Amortization of intangible assets	(11,404)		(11,548)		(11,509)
Merger, transaction and other related costs	(30,072)		(396)		(198)
Net unrealized (loss) on derivative instruments	(1,257)		(633)		(13)
Net unrealized gain on foreign currency denominated borrowings	5,453		—		—
Fair value movements on contingent consideration	(1,036)		(519)		228
Impairment of property, plant and equipment	—		(1,210)		—
Asset write-downs, net of insurance proceeds	(623)		—		—
Produce recall costs	(17,649)		—		—
Fair value (loss) of Legacy Dole acquisition	(4,023)		—		—
Fair value gain of other acquisitions	7,670		—		—
Gain on disposal of equity method investments	1,096		—		—
Gain (loss) on disposal of businesses	11		—		(749)
Incremental charges on biological assets and inventory related to acquisition of Legacy Dole	(65,916)		—		—
Restructuring costs	(3,172)		—		(1,280)
Items in earnings for equity method investments:
Dole’s share of depreciation	(30,390)		(45,135)		(40,601)
Dole’s share of amortization	(3,218)		(2,895)		(3,012)
Dole’s share of income tax expense	(27,297)		(22,329)		(16,532)
Dole’s share of interest expense	(18,282)		(34,631)		(37,808)
Dole’s share of other items	2,039		(7,706)		(4,591)
Net income	$	16,808	$	71,252	$	69,387

Country of Domicile and Geographic Disclosures

The Company is headquartered and domiciled in Ireland. Revenue by geographic location based on the end customer for the years ended December 31, 2021, December 31, 2020 and December 31, 2019 was as follows:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
United States	$	2,313,358	$	1,072,472	$	971,902
UK	796,474		687,760		721,525
Sweden	613,911		549,447		533,170
Spain	637,123		592,306		562,655
Ireland	416,410		404,482		377,199
Other	1,677,126		1,039,472		1,000,348
Total revenue, net	$	6,454,402	$	4,345,939	$	4,166,799

Long-lived assets are comprised of property, plant and equipment, net. Long-lived assets by geographic location as of December 31, 2021 and December 31, 2020 were as follows:


	Year Ended
	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
United States	$	395,437	$	14,057
Costa Rica	296,987		—
Vessels and containers on-the-water or in-transit	234,959		—
Honduras	117,419		—
Chile	88,482		79
Ecuador	88,011		—
UK	36,995		42,419
Czech Republic	32,636		27,431
Sweden	30,793		38,597
Denmark	26,578		30,363
Spain	24,993		27,780
Ireland	23,523		26,254
Other	34,037		12,685
Total long-lived assets	$	1,430,850	$	219,665

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599

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+ Details

OTHER INCOME (EXPENSE), NET

12 Months Ended

Dec. 31, 2021

Other Income and Expenses [Abstract]

OTHER INCOME (EXPENSE), NET

Included in other income (expense), net, in Dole’s consolidated statements of operations were the following items:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Rental income	$	5,202	$	2,708	$	2,270
Unrealized gain on foreign currency denominated borrowings	5,453		—		—
Loss on investments	(286)		—		—
Non-service components of net periodic pension benefit (cost)	176		(2,169)		(419)
Gain (loss) on contingent consideration	(1,036)		(519)		228
Other	(851)		(139)		2,062
Other income (expense), net	$	8,658	$	(119)	$	4,141

RECEIVABLES AND ALLOWANCES FOR CREDIT LOSSES

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

RECEIVABLES AND ALLOWANCES FOR CREDIT LOSSES

Trade Receivables

Trade receivables as of December 31, 2021 and December 31, 2020 were $719.1 million and $361.7 million, net of allowances for credit losses of $22.1 million and $10.1 million, respectively. Trade receivables are also recorded net of allowances for sales deductions under the scope of ASC 606, Revenue from Contracts with Customers.

As a result of Dole’s robust credit monitoring practices, the industry in which it operates and the nature of its customer base, the credit losses associated with trade receivables have been historically insignificant in comparison to annual net revenue. The allowance for credit losses on trade receivables is measured on a collective pool basis, when the Company believes similar risk characteristics exist among customers. For Dole, similar risk characteristics may include geographic region, type of customer or market conditions, among other factors. Trade receivables that do not share similar risk characteristics are evaluated on a case-by-case basis. Dole estimates expected credit losses based on ongoing monitoring of customer credit, macroeconomic indicators and historical credit losses based on customer and geographic region.

A rollforward of the allowance for credit losses for trade receivables was as follows:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	(5,661)
Acquisitions	(157)
Additional provisions in the period	(5,468)
Write-offs	1,976
Foreign exchange impact	(812)
Balance as of December 31, 2020	(10,122)
Acquisitions	(13,581)
Additional provisions in the period	(2,783)
Disposals	216
Write-offs	1,776
Recoveries of amounts previously reserved	2,114
Balance sheet reclassifications	(389)
Foreign exchange impact	705
Balance as of December 31, 2021	$	(22,064)

Non-Recourse Trade Receivables Financing

Dole manages the credit risk of a portion of its trade receivables and working capital through the use of third party non-recourse trade receivables arrangements with a total facility amount of $108.5 million as of December 31, 2021 and $115.3 million as of December 31, 2020. Under the terms of these arrangements, the Company has transferred the rights and substantially all of the credit risk of the trade receivables which are subject to these agreements, and, as such, the transfers are accounted for as sales. The Company has surrendered control of all transferred receivables but, for ease of administration, collects payments related to the receivables and remits those payments to the financial institution.

During the years ended December 31, 2021, December 31, 2020 and December 31, 2019, the Company sold $1.3 billion, $1.1 billion and $0.8 billion, respectively, of trade accounts receivables under these programs, and the costs of factoring such receivables were not material.

As of December 31, 2021 and December 31, 2020, trade receivables amounting to $54.8 million and $57.6 million, respectively, have been derecognized.

Grower Advances

The Company makes both cash advances and material advances to third-party growers for various production needs on the farms, including labor, fertilization, irrigation, pruning and harvesting costs. Some of these advances are secured by collateral owned by the growers.

Grower advances are categorized as either working capital advances or term advances. Working capital advances are made during a normal growing cycle for operating costs and for other subsistence allowances to the farmers. These advances are short-term in nature and are intended to be repaid with excess cash proceeds from the current crop harvest. Short-term grower loans and advances, whether secured or unsecured, are classified as grower advance receivables, net, in the consolidated balance sheets.

Term advances are made to allow the grower to make capital improvements to the land or prepare it for development. These advances are long-term in nature and may or may not bear interest. Accrued interest on these arrangements has not historically been significant to the financial statements. These advances usually do not have defined repayment terms but are payable over the term of the supply agreement with excess cash proceeds from the crop harvest, after payment of any outstanding working capital advances. The term of the supply agreement is generally five to ten years. Term advances are classified as other assets in the consolidated balance sheets.

The following table summarizes growers advances as of December 31, 2021 and December 31, 2020 based on their credit risk profile:


	December 31, 2021				December 31, 2020
	Short-Term		Long-Term		Short-Term		Long-Term

	(U.S. Dollars in thousands)
Secured gross advances to growers and suppliers	$	49,919	$	11,456	$	22,678	$	4,935
Allowance for secured advances to growers and suppliers	(5,512)		(1,735)		(3,732)		(1,032)
Unsecured gross advances to growers and suppliers	32,037		1,358		1,865		1,197
Allowance for unsecured advances to growers and suppliers	(4,094)		(742)		(1,865)		(1,197)
Net advances to growers and suppliers	$	72,350	$	10,337	$	18,946	$	3,903

Of the $82.7 million and $22.8 million of net advances to growers and suppliers as of December 31, 2021 and December 31, 2020, $7.0 million and $1.0 million, net, respectively, was considered past due.

Dole monitors the collectability of grower advances through periodic review of financial information received from growers. The allowance for credit losses for grower advances is monitored by management on a case-by-case basis considering historical credit loss information for the grower, the timing of the growing season and expected yields, the fair value of the collateral, macroeconomic indicators, weather conditions and other miscellaneous contributing factors. Dole generally considers an advance to a grower to be past due when the advance is not fully recovered by the excess cash proceeds on the current year crop harvest, or the advance is not repaid by the excess cash proceeds by the end of the supply term agreement.

A rollforward of the allowance for expected credit losses related to grower advances was as follows:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	(6,175)
Additional provisions in the period	(2,441)
Write-offs	385
Balance sheet reclassifications	566
Foreign exchange impact	(162)
Balance as of December 31, 2020	(7,827)
Acquisitions	(3,785)
Disposals	431
Additional provisions in the period	(1,970)
Recoveries of amounts previously reserved	177
Write-offs	720
Balance sheet reclassifications	13
Foreign exchange impact	158
Balance as of December 31, 2021	$	(12,083)

Other Receivables

Other receivables primarily comprise receivables from government and tax authorities and non-trade receivables from customers, suppliers or other third parties. Based on the nature of these agreements, the timing of collections is dependent on many factors, including government legislation and the timing of settlement of the contract or arrangement. Historical write-offs related to these receivables are not significant.

Current and non-current balances of other receivables are included in other receivables, net and other assets, respectively, in the consolidated balance sheets. The allowance for credit losses for other receivables is determined by individual receivable based on the repayment profiles of individual receivables over a three year period and the corresponding historical credit losses that have been experienced in this period. The historical loss rates are adjusted to reflect current and forward-looking information available related to the ability of the third party debtor to repay the balance.

A rollforward of the allowance for expected credit losses related to other receivables was as follows:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	(137)
Additional provisions in the period	(304)
Write-offs	5
Balance sheet reclassifications	(138)
Foreign exchange impact	(47)
Balance as of December 31, 2020	(621)
Acquisitions	(23,931)
Additional provisions in the period	(1,415)
Recoveries of amounts previously reserved	761
Write-offs	503
Balance sheet reclassifications	316
Foreign exchange impact	196
Balance as of December 31, 2021	$	(24,191)

INCOME TAXES

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

INCOME TAXES

The following table presents income tax (benefit) expense by selected jurisdiction for each of the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Current tax (benefit) expense:
Ireland	$	720	$	262	$	(280)
U.S.	(17,422)		2,706		3,109
Foreign - excluding the U.S.	26,537		15,860		15,449
	$	9,835	$	18,828	$	18,278
Deferred tax (benefit) expense:
Ireland	$	354	$	185	$	566
U.S.	(990)		(298)		(1,948)
Foreign - excluding the U.S.	(22,532)		(585)		(6,584)
	$	(23,168)	$	(698)	$	(7,966)
	$	(13,333)	$	18,130	$	10,312

Income (loss) before income taxes and equity earnings consisted of the following:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Ireland	$	(5,904)	$	2,852	$	2,597
U.S.	(66,440)		7,615		978
Foreign - excluding the U.S.	27,792		48,636		39,181
	$	(44,552)	$	59,103	$	42,756

The differences between the reported income tax (benefit) expense and income taxes computed at the Irish statutory tax rate of 12.5% for the years ended December 31, 2021, December 31, 2020 and December 31, 2019, are explained in the following reconciliation:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
(Benefit) expense computed at the Irish statutory rate of 12.5%	$	(5,569)	$	7,388	$	5,345
Effects of:
Foreign income taxed at different rates	5,258		8,247		1,908
Change in valuation allowances	966		2,824		740
Tax exempt income	(188)		(248)		—
Expenses not deductible for income tax purposes	4,497		1,467		1,227
Changes in unrecognized tax benefits, net of indirect benefits	(18,263)		(648)		32
Contingent consideration adjustments	139		(329)		163
Changes in estimates made in respect of prior periods	(63)		(678)		821
Other items	(110)		107		76
Income tax (benefit) expense	$	(13,333)	$	18,130	$	10,312

Deferred tax recognized directly in other comprehensive income (loss) was as follows:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Deferred tax benefit (expense) on remeasurement gain (loss) on defined benefit plans	$	(555)	$	2,584	$	84
Deferred tax (expense) on remeasurement gain (loss) on hedge accounting	(363)		—		—
Deferred tax (expense) on remeasurement gain (loss) on interest rate swap	(2,445)		—		—
Deferred tax (expense) on remeasurement gain (loss) on equity method investments	(832)		—		—
Total deferred tax benefit (expense) recognized in other comprehensive income (loss)	$	(4,195)	$	2,584	$	84

The following table provides details of the principal components of our deferred income tax assets and liabilities as of December 31, 2021 and December 31, 2020:


	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Deferred income tax assets:
Intangible assets	$	2,739	$	—
Property, plant and equipment	26,724		996
Operating leases	44,626		583
Accounts payable and accrued liabilities	35,570		7,295
Pension and postretirement benefits	29,364		4,153
Operating loss carry-forwards	113,913		18,548
Tax credit carry-forwards	9,021		—
Investments in unconsolidated affiliates	1,248		—
Other	11,976		1,335
Total deferred income tax assets	275,181		32,910
Valuation allowances	(93,205)		(16,395)
Offset against deferred income tax liabilities	(135,605)		(9,833)
Total deferred income tax assets, net	$	46,371	$	6,682

Deferred income tax liabilities:
Intangible assets	$	97,132	$	18,982
Property, plant and equipment	132,410		3,863
Operating leases	43,349		120
Accounts payable and accrued liabilities	3,790		—
Pension and postretirement benefits	1,800		—
Investments in unconsolidated affiliates	172		9,097
Other	2,641		222
Total deferred income tax liabilities	281,294		32,284
Offset against deferred income tax assets	(135,605)		(9,833)
Total deferred income tax liabilities, net	$	145,689	$	22,451

As of December 31, 2021, Dole had approximately $952.2 million of operating loss carryforwards expiring as follows:


	Ireland		U.S.		Foreign (excluding U.S.)		Total
	(U.S. Dollars in thousands)
2022	$	—	$	28,040	$	14,055	$	42,095
2023	—		36,706		5,102		41,808
2024	—		26,202		5,541		31,743
2025	—		18,364		83		18,447
2026	—		14,356		66		14,422
Indefinite	34,421		679,691		89,525		803,637
Total	$	34,421	$	803,359	$	114,372	$	952,152

As of December 31, 2021, state tax credit carryforwards of $7.6 million include $7.5 million which will expire between 2022 and 2028, and $0.1 million which can be carried forward indefinitely. In addition, Dole has $1.4 million of

foreign tax credit carryforwards. If unused, $0.8 million will expire in 2029, $0.1 million will expire in 2030, and $0.5 million will expire in 2031.

The following table presents the movement in the valuation allowance for the years ended December 31, 2021 and December 31, 2020:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	12,091
Increase recognized in the income statement	4,509
Decrease recognized in the income statement	(1,685)
Translation adjustments	1,480
Balance as of December 31, 2020	16,395
Changes on acquisition/disposal	80,394
Increase recognized in the income statement	4,384
Decrease recognized in the income statement	(3,418)
Translation adjustments	(4,550)
Balance as of December 31, 2021	$	93,205

The valuation allowance increased by $76.8 million in the year ended December 31, 2021 and by $4.3 million in the year ended December 31, 2020. The 2021 increase includes an additional $83.8 million valuation allowance related to the acquisition of Legacy Dole and increases related primarily to valuation allowances on additional net operating loss and capital loss carryforwards. This increase was partially offset by a decrease of $3.4 million related to the disposition of a subsidiary. A $1.0 million increase to the valuation allowance was recognized in the consolidated statements of operations which was partially offset by $4.6 million of exchange rate translation adjustments.

Dole is an Irish holding company that operates a significant number of foreign subsidiaries. As of December 31, 2021, the Company had not recognized a deferred tax liability on approximately $599.6 million of undistributed earnings for certain foreign subsidiaries, because these earnings are intended to be indefinitely reinvested. If such earnings were distributed, some countries may impose additional taxes. The unrecognized deferred tax liability (the amount payable if distributed) is approximately $39.8 million.

Cumulative unremitted earnings of overseas subsidiaries that are indefinitely reinvested totaled approximately $10.6 million as of December 31, 2020. In the event of repatriation of those earnings in the form of dividends or otherwise, Dole may be liable for income taxes, subject to adjustment, if any, for foreign tax credits and foreign withholding taxes payable to foreign tax authorities. The Company estimates that approximately $0.5 million of income taxes would be payable on the repatriation of the unremitted earnings to Ireland.

Dole recognizes deferred tax assets on potential foreign tax credits expected to be generated by the repatriation of undistributed earnings only when the repatriation has occurred or is expected to occur in the foreseeable future.

A reconciliation of the beginning and ending amount of unrecognized tax benefits (excluding interest and penalties) is as follows:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	11,928
Increases due to tax positions taken in the current year	2,190
Decreases due to lapse of statute of limitations	(2,704)
Translation adjustments	1,285
Balance as of December 31, 2020	12,699
Changes on acquisition/disposal	52,341
Increases due to tax positions taken in the current year	1,004
Decreases due to lapse of statute of limitations	(17,056)
Translation adjustments	(907)
Balance as of December 31, 2021	$	48,081

The total of unrecognized tax benefits was $48.1 million and $12.7 million as of December 31, 2021 and December 31, 2020, respectively. If recognized, it is estimated that Dole’s effective tax rate would be affected by additional income tax benefit of $43.3 million and $6.1 million as of December 31, 2021 and December 31, 2020, respectively. At this time, Dole believes that it is reasonably possible that the total amount of unrecognized tax benefits could decrease within the next twelve months by approximately $33.0 million related to taxation of foreign income and transfer pricing issues, as a result of the lapse of the statute of limitations. The Company recognizes interest and penalties related to unrecognized tax benefits in the income statement. Dole recognized a benefit of $4.9 million and expense of $0.2 million for interest and penalties, respectively for the years ended December 31, 2021 and December 31, 2020. A liability was recognized for accrued interest and penalties of $10.3 million and $2.1 million as of December 31, 2021 and December 31, 2020, respectively.

The tax years 2015 to 2021 remain subject to examination by tax jurisdictions in the United States. The tax years 2018 to 2021 remain subject to examination by tax jurisdictions in the U.K. The tax years 2017 to 2021 remain subject to examination by taxing jurisdictions in Ireland, Costa Rica, Ecuador, Germany and Guatemala. The tax years 2016 to 2021 remain subject to examination by taxing jurisdictions in Sweden and Denmark. The tax years 2014 to 2021 remain subject to examination by taxing jurisdictions in Canada.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

DETAILS OF ACCRUED LIABLIITES

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

DETAILS OF ACCRUED LIABLIITES

DETAILS OF ACCRUED LIABILITIES

Included in accrued liabilities in Dole’s consolidated balances sheets were the following items:


	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Environmental and insurance reserves	$	2,316	$	1,132
Employee-related costs and benefits	130,663		42,358
Amounts due to growers	127,615		12,633
Sales, marketing and advertising	46,414		8,981
Shipping related costs	35,694		665
Materials and supplies	38,646		474
Accrued interest	2,134		783
Deferred income	2,038		788
Professional services	17,420		13,349
Other fees	2,511		2,642
Accrued rent	1,362		908
Other accrued capital expenditures	52		4,243
Hedging liability	800		1,424
Miscellaneous other accrued liabilities	57,266		33,083
Total accrued liabilities	$	464,931	$	123,463

Miscellaneous other accrued liabilities primarily include liabilities related to accrued litigation reserves and legal costs and other accruals recorded based on timing. See Note 19 “Commitments and Contingencies” for additional detail on the Company’s legal activity.

ASSETS HELD-FOR-SALE AND ACTIVELY MARKETED PROPERTY

12 Months Ended

Dec. 31, 2021

Real Estate [Abstract]

ASSETS HELD-FOR-SALE AND ACTIVELY MARKETED PROPERTY

Dole continuously reviews its assets in order to identify those assets that do not meet Dole’s future strategic direction or internal economic return criteria. As a result of this review, Dole has identified and is in the process of selling certain assets which are classified as either held-for-sale or actively marketed property. The assets that have been identified are available for sale in their present condition and an active program is underway to sell the properties. Dole is actively marketing these properties at a price that is in excess of book value. For property classified as held-for-sale, their sale is anticipated to occur during the ensuing year, while the timing of the sale of property specifically classified as actively marketed is uncertain.

Assets held-for-sale

As of the date of the acquisition of Legacy Dole, the Company acquired approximately $14.7 million of assets held-for-sale which primarily consisted of two vessels and a number of properties throughout North America and Latin America. During the year ended December 31, 2021, Dole approved and committed to sell the Company-owned plane with a net book value of $7.2 million and transferred it into assets held-for-sale in the consolidated balance sheets. Also during the year ended December 31, 2021, Dole sold the two vessels, one of the Latin America properties, a ranch in North America and the Company-owned plane with net book values of $8.8 million, $4.1 million, $1.6 million and $7.2 million, respectively. There was no gain or loss from the sales. As of December 31, 2021, assets held-for-sale were $0.2 million of property, plant and equipment. There were no assets held-for-sale as of December 31, 2020 and no liabilities held-for-sale as of December 31, 2021 and December 31, 2020. There were no gains or losses recognized from the sales of assets held-for-sale in the years ended December 31, 2020 and December 31, 2019.

A rollforward of assets held-for-sale for the year ended December 31, 2021 in the consolidated balance sheets was as follows. There was no assets held-for-sale activity for the year ended December 31, 2020.


.	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2020	$	—
Additions from the acquisition of Legacy Dole	14,701
Transfer of plane	7,187
Sale of vessels	(8,813)
Sale of Latin America properties	(4,078)
Sale of plane	(7,187)
Sale of North America property	(1,610)
Balance as of December 31, 2021	$	200

Actively marketed property

As of the date of the acquisition of Legacy Dole, the Company acquired approximately $52.8 million of actively marketed property which consisted of approximately 5,173 acres of Hawaii land. During the year ended December 31, 2021, Dole sold 725 acres of the actively marketed Hawaii land, with a net book value of $2.4 million. There was no gain or loss from the sale. Actively marketed property as of December 31, 2021 was $50.4 million, and there was no actively marketed property as of December 31, 2020. There were no gains or losses recognized from the sales of actively marketed property in the years ended December 31, 2020 and December 31, 2019.

A rollforward of actively marketed property for the year ended December 31, 2021 in the consolidated balance sheets was as follows. There was no actively marketed property activity for the year ended December 31, 2020:


.	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2020	$	—
Additions from the acquisition of Legacy Dole	52,751
Hawaii land sales	(2,387)
Balance as of December 31, 2021	$	50,364

Refer to Note 27 “Subsequent Events” for detail on additional sales of actively marketed property in Hawaii after December 31, 2021.

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

Major classes of property, plant and equipment were as follows:


	December 31, 2021		December 31, 2020

	(U.S. Dollars in thousands)
Land and land improvements	$	544,057	$	26,963
Buildings and leasehold improvements	399,392		121,631
Machinery and equipment	368,754		187,664
Computer software	65,036		29,175
Vessels and containers	233,376		—
Machinery and equipment and vessel containers under finance leases	48,195		14,343
Construction in progress	55,717		—
	1,714,527		379,776
Accumulated depreciation	(283,677)		(160,111)
	$	1,430,850	$	219,665

Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows:


			Years
Land improvements			1 to 30
Buildings and leasehold improvements*			2 to 50
Machinery and equipment			1 to 25
Computer software			1 to 10
Vessels and containers			1 to 30
Machinery and equipment and vessel containers under finance leases			Shorter of lease term or useful life

*Leasehold improvements are depreciated using the shorter of the useful life or life of the lease.

As a result of the Acquisition, the useful lives assigned to certain Legacy Dole asset classes were updated and are subject to further revision during the measurement period.

Depreciation expense on property, plant and equipment totaled $61.6 million, $24.6 million and $22.9 million for the years ended December 31, 2021, December 31, 2020 and December 31, 2019, respectively, excluding pineapple bearer plants. During the year ended December 31, 2021, Dole incurred an incremental depreciation charge of $29.6 million related to pineapple bearer plants that were brought to fair value in conjunction with the Acquisition that was recognized in cost of sales in the consolidated statements of operations. See Note 4 “Business Combinations and Transactions” for additional detail. Interest expense capitalized into property, plant and equipment was not material for the years ended December 31, 2021, December 31, 2020 and December 31, 2019.

GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

The gross balance of goodwill was $540.1 million, with accumulated impairment losses of $28.8 million, as of December 31, 2021 and $263.0 million, with accumulated impairment losses of $28.8 million, as of December 31, 2020.

As a result of the acquisition of Legacy Dole by Total Produce, $274.0 million of goodwill was recognized in the consolidated balance sheets at the Acquisition Date. The fair value of goodwill recognized is provisional and subject to change during the measurement period upon further review by the Company. Refer to Note 4 “Business Combinations and Transactions” for further detail.

A rollforward of goodwill by reportable segment for the years ended December 31, 2021 and December 31, 2020, was as follows:


	Fresh Fruit		Diversified Fresh Produce - EMEA		Diversified Fresh Produce - Americas & ROW		Fresh Vegetables		Total

	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	—	$	120,866	$	100,236	$	—	$	221,102
Additions	—		1,031		67		—		1,098
Foreign exchange impact	—		11,678		283		—		11,961
Balance as of December 31, 2020	—		133,575		100,586		—		234,161
Additions	274,048		16,372		—		—		290,420
Disposals	—		(414)		—		—		(414)
Foreign exchange impact	—		(8,907)		(3,927)		—		(12,834)
Balance as of December 31, 2021	$	274,048	$	140,626	$	96,659	$	—	$	511,333

Details of Dole’s intangible assets as of December 31, 2021 were as follows:


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount


	(U.S. Dollars in thousands)
DOLE brand	$	306,280	$	—	$	306,280
Water rights	4,186		—		4,186
Supplier relationships	29,179		(17,869)		11,310
Customer relationships	132,953		(92,357)		40,596
Other	13,227		(7,273)		5,954
	$	485,825	$	(117,499)	$	368,326

Details of Dole’s intangible assets as of December 31, 2020 were as follows:


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

	(U.S. Dollars in thousands)
Supplier relationships	$	30,405	$	(17,108)	$	13,297
Customer relationships	141,157		(95,580)		45,577
Other	13,648		(6,888)		6,760
	$	185,210	$	(119,576)	$	65,634

A rollforward of intangible assets, excluding goodwill, for the years ended December 31, 2021 and December 31, 2020 was as follows:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	78,576
Additions	186
Disposals	(298)
Amortization	(11,548)
Foreign exchange impact	(1,282)
Balance as of December 31, 2020	65,634
Additions	314,749
Amortization	(11,404)
Foreign exchange impact	(653)
Balance as of December 31, 2021	$	368,326

Of the $314.7 million of intangible asset additions during the year ended December 31, 2021, $306.3 million was related to the acquisition of the DOLE brand that was determined to have an indefinite life. Refer to Note 4 “Business Combinations and Transactions” for further detail.

Amortization expense for definite-lived intangible assets was $11.4 million, $11.5 million and $11.5 million for the years ended December 31, 2021, December 31, 2020 and December 31, 2019, respectively.

As of December 31, 2021, the estimated amortization expense associated with Dole’s intangible assets for each of the next five fiscal years was as follows:


	Amount
	(U.S. Dollars in thousands)
2022	$	11,180
2023	10,585
2024	9,509
2025	8,237
2026	6,763
Thereafter	11,586
Total	$	57,860

Dole evaluates goodwill and other indefinite-lived intangible assets for impairment annually during the fourth quarter, or more frequently if an event occurs or circumstances change that would indicate that an impairment may exist. There was no impairment of goodwill or intangible assets recorded for the year ended December 31, 2021, December 31, 2020 and December 31, 2019.

NOTES PAYABLE, BANK OVERDRAFTS AND LONG-TERM DEBT

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

NOTES PAYABLE, BANK OVERDRAFTS AND LONG-TERM DEBT

Notes payable, bank overdrafts and long-term debt consisted of the following:


	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Revolving Credit Facility	$	312,017	$	—
Term Loan A and Term Loan B	836,775		—
Vessel financing loans	104,184		—
Other financing arrangements	57,361		7,885
Notes payable, at a weighted average interest rate of 3.2% as of December 31, 2020	—		60,097
Other revolving credit facilities	19,600		258,254
Bank overdrafts	9,395		11,243
Finance lease obligations, at a weighted average interest rate of 3.5% as of December 31, 2021 (2.4% as of December 31, 2020)	40,719		9,352
	1,380,051		346,831
Unamortized debt discounts and debt issuance costs	(21,063)		—
	1,358,988		346,831
Current maturities, net of unamortized debt discounts and debt issuance costs	(51,785)		(20,748)
Bank overdrafts	(9,395)		(11,243)
Long-term debt, net	$	1,297,808	$	314,840

Term Loan and Revolving Credit Facility

On March 26, 2021, Total Produce entered into an agreement for a senior secured revolving credit facility (the “Revolving Credit Facility”) and a term loan (“Term Loan B”) with certain lenders (the Revolving Credit Facility and Term Loan B, together, the “Credit Agreement”), which provided for up to $500.0 million and $940.0 million of borrowings, respectively.

As part of the execution of the Revolving Credit Facility, the Company drew down $500.0 million on March 29, 2021 and placed $232.0 million of the borrowings on temporary deposit. In April of 2021, the $232.0 million on deposit was used to reduce the drawn amount on the Revolving Credit Facility to $268.0 million.

On August 3, 2021, the agreement for the Credit Agreement was amended to increase the Revolving Credit Facility to $600.0 million, add an additional $300.0 million term loan (“Term Loan A”) and reduce potential borrowings under Term Loan B to $540.0 million.

Proceeds from the Credit Agreement were used to pay down existing debt of Legacy Dole and certain bilateral facilities of Total Produce.

Interest under the Revolving Credit Facility and Term Loan A is payable, at the option of Dole, either at (i) LIBOR, or the respective benchmark rate depending on the currency of the loan, plus 1.00% to 2.75%, with a benchmark floor of 0.00% or (ii) a base rate plus 0.00% to 1.75%, in each case, to be determined based on credit ratings and the Company’s total net leverage ratio. Interest under Term Loan B is payable, at the option of Dole, either at (i) LIBOR, or the respective benchmark rate depending on the currency of the loan, plus 2.00% to 2.25%, with a benchmark floor of 0.00% or (ii) a base rate plus 1.00% to 1.25%, in each case, to be determined based on credit ratings. As discussed in Note 17 “Derivative Financial Instruments”, in August and September of 2021, the Company entered into interest rate swap arrangements to fix $600.0 million of the Credit Agreement’s variable rate debt to fixed rate debt.

Principal payments of $1.9 million under Term Loan A are due quarterly until maturity, with the remaining balance due on the maturity date of August 3, 2026. Principal payments of $1.4 million under Term Loan B are due quarterly until maturity, with the remaining balance due on the maturity date of August 3, 2028.

As of December 31, 2021, amounts outstanding under Term Loan A and Term Loan B were $836.8 million, in the aggregate, and borrowings under the Revolving Credit Facility were $312.0 million. After taking into account

approximately $17.0 million of outstanding letters of credit issued under the Revolving Credit Facility, Dole had $271.0 million available for cash borrowings under the credit facilities as of December 31, 2021.

Borrowings under the Credit Agreement are secured by the equity interests of substantially all Dole subsidiaries located in the U.S. and of certain subsidiaries located in Europe and substantially all of the Company’s material U.S. assets.

Vessel Financing Loans

The vessel financing loans were assumed by the Company during the acquisition of Legacy Dole and comprises five secured loans that were entered into to finance the purchases of Company vessels.

On December 11, 2015, Legacy Dole entered into three secured loan agreements (“first vessel facility”) of up to $111.0 million, in the aggregate, to finance a portion of the acquisition costs of three new vessels. The first vessel facility consists of three tranches, each tied to a specific vessel, which allowed the Company to borrow up to 70%, or $37.0 million, of the contract cost of each vessel, collateralized by the completed vessel. Principal and interest payments are due quarterly in arrears for 48 consecutive installments. The first vessel facility bears interest at a rate per annum equal to LIBOR plus 2.00% to 3.25% and will mature on May 18, 2028. As of December 31, 2021, Dole’s borrowings under the first vessel facility were $57.8 million.

On October 30, 2020, Legacy Dole entered into two additional secured loan agreements (“second vessel facility”) of $49.1 million, in the aggregate, to finance a portion of the acquisition costs of two new vessels, which were delivered in 2021. Each agreement was tied to a specific vessel which allowed Legacy Dole to borrow 60%, or $24.5 million, of the contract cost of each vessel, collateralized by the completed vessel. On January 14, 2021 and April 7, 2021, the first and second loans were funded for $24.5 million each. Principal and interest payments are due semi-annually in arrears for 18 consecutive installments. The second vessel facility bears interest at a rate per annum equal to LIBOR plus 3.25% and will mature nine years from utilization. As of December 31, 2021, Dole’s borrowings under the second vessel facility were $46.4 million.

Other Financing Arrangements

Dole’s other financing arrangements consist of a number of loan agreements entered into to finance other capital expenditures and working capital requirements. Of the $57.4 million outstanding as of December 31, 2021, $40.2 million relates to arrangements that were assumed by the Company as a part of the acquisition of Legacy Dole.

As of December 31, 2021, the Company had $14.4 million in other financing arrangements outstanding related to a secured long-term asset financing arrangement for farms in Chile that was assumed by the Company as part of the acquisition of Legacy Dole. The terms of the financing arrangement include a 10-year loan of $23.1 million due in June 2026 that bears interest at a rate per annum equal to LIBOR plus 2.39%. Principal and interest payments are due semi-annually in arrears. The long-term financing arrangement is collateralized by the purchased farms and their related assets.

As of December 31, 2021, the Company had $23.4 million in other financing arrangements outstanding related to two secured long-term asset financing arrangements for pineapple farms in Costa Rica that were assumed by the Company as part of the acquisition of Legacy Dole. Both agreements provide for a 10-year loan and are collateralized by the purchased farms and their related assets. The first agreement, maturing in July 2026, bears interest at a rate per annum equal to LIBOR plus 5.00%, adjustable annually, with a floor rate of 5.50% per annum. Interest and principal payments are due monthly in arrears. The second agreement, maturing in July 2031, includes principal payments of $10.1 million due in July of 2022 and $3.1 million due in July of 2031, with a single payment of $0.4 million for interest due in July of 2022.

As of December 31, 2020, Dole’s borrowings under other financing arrangements were $7.9 million.

Notes Payable

In 2013 and 2017, Total Produce issued notes payable under two private placement facilities. The notes were issued with original maturity dates between 2021 and 2024. During the year ended December 31, 2021, all principal amounts outstanding were repaid, and there were no borrowings under these arrangements as of December 31, 2021. As of December 31, 2020, Dole’s borrowings under these arrangements were $60.1 million.

Other Revolving Credit Facilities

Dole and its subsidiaries have a number of other bilateral revolving credit facilities. During the year ended December 31, 2021, many of these facilities were cancelled and their outstanding principal amounts were repaid. As of

December 31, 2021, the remaining facilities allow for up to $55.0 million in borrowings in total and will mature on November 30, 2023. Interest is payable at the respective benchmark rate, depending on the currency of the facility, plus a margin to be determined based on the Company’s total net leverage ratio. The facilities are unsecured and are guaranteed by the Company and certain subsidiaries. As of December 31, 2021 and December 31, 2020, Dole had amounts outstanding under other revolving credit facilities of $19.6 million and $258.3 million, respectively.

Bank Overdrafts

Dole and its subsidiaries have a number of bank overdraft facilities which are primarily used to fund seasonal working capital requirements. As of December 31, 2021 and December 31, 2020, amounts outstanding under these facilities were $9.4 million and $11.2 million, respectively.

Finance Lease Obligations

As of December 31, 2021 and December 31, 2020, Dole’s finance lease obligations of $40.7 million and $9.4 million, respectively, primarily relate to machinery and equipment and vessel containers, which continue through 2032.

Covenants and Restrictions

Provisions under the credit facilities include limitations on, among other things, indebtedness, investments, liens, loans to subsidiaries, employees and third parties, the issuance of guarantees and the payment of dividends.

The credit facilities require Dole to maintain compliance with a maximum leverage ratio, which was initially set at 4.50 to 1.00 beginning December 31, 2021, with step-downs to (i) 4.25 to 1.00 for fiscal year 2022 and (ii) 4.00 to 1.00 for each fiscal year thereafter. As of December 31, 2021, Dole was in compliance with all applicable covenants.

A breach of a covenant or other provision in any debt instrument governing Dole’s current or future indebtedness could result in a default under that instrument and, due to customary cross-default and cross-acceleration provisions, could result in a default under Dole’s other debt instruments. Upon the occurrence of an event of default under the credit facilities or other debt instruments, the lenders or holders of such debt could elect to declare all amounts outstanding to be immediately due and payable and terminate all commitments to extend further credit. If Dole were unable to repay those amounts, the lenders could proceed against the collateral granted to them, if any, to secure the indebtedness. If the lenders under Dole’s indebtedness were to accelerate the payment of the indebtedness, Dole cannot give assurance that its assets would be sufficiently liquid to repay in full its outstanding indebtedness on an accelerated basis.

Debt Discounts and Debt Issuance Costs

Debt discounts and issuance costs are amortized over the term of the debt agreement using the effective interest method. Debt discounts and issuance costs are presented as a direct reduction of debt in the consolidated balance sheets, except for those issuance costs related to line-of-credit arrangements which are recorded as a prepaid asset in the consolidated balance sheets.

The amortization expense related to Dole’s deferred debt discounts and issuance costs is recorded as interest expense in the consolidated income statements. For the year ended December 31, 2021, amortization expense related to deferred debt discounts and issuance costs was $2.6 million and was not material for the years ended December 31, 2020 and December 31, 2019.

Uncommitted Lines of Credit

In addition to amounts available under the Revolving Credit Facility, Dole’s subsidiaries have uncommitted lines of credit of approximately $250.6 million at various local banks, of which $212.0 million was available as of December 31, 2021. As of December 31, 2020, there were uncommitted lines of credit of $195.7 million, of which $185.0 million was available for use. These lines of credit are used primarily for short-term borrowings or bank guarantees. Dole’s uncommitted lines of credit extend indefinitely but may be cancelled at any time by Dole or the banks, and, if cancelled, any outstanding amounts would be due on demand.

Maturities of Current and Long-Term Debt

Stated maturities with respect to current and long-term debt, including finance lease obligations, as of December 31, 2021 were as follows:


	Amount
	(U.S. Dollars in thousands)
2022	$	60,954
2023	67,066
2024	41,425
2025	42,930
2026	609,038
Thereafter	558,638
Total	$	1,380,051

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1I
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

EMPLOYEE BENEFIT PLANS

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

Dole sponsors a number of defined benefit pension plans covering certain employees worldwide. Benefits under these plans are generally based on each employee’s eligible compensation and years of service, except for certain plans covering union employees, which are based on negotiated benefits. In addition to pension plans, Dole has other postretirement benefit (“OPRB”) plans that provide certain health care and life insurance benefits for eligible retired employees, which were acquired as part of the Acquisition. Covered employees may become eligible for such benefits if they fulfill established requirements upon reaching retirement age.

The Company sponsors six funded defined benefit pension plans outside of the U.S., two of which are based in Ireland, two are based in the U.K., and two smaller schemes operate in the Netherlands and Canada. As part of the acquisition of Legacy Dole, the Company acquired additional pension plans. These plans include a funded U.S. qualified pension plan, as well as international pension plans (primarily in Latin America) and worldwide OPRB plans, which are all unfunded.

Substantially all U.S. pension benefits were frozen on December 31, 2001. The plans in Ireland have been closed to new entrants since 2009, and salaries for defined benefit purposes have been capped, with any salary increases above the cap pensionable on a defined contribution basis. In 2017, the Company initiated an Enhanced Transfer Value (“ETV”) program, whereby an offer was made to all active and deferred members of the Irish defined benefit pension plans (the “Irish Plans”) to transfer their accumulated accrued benefits from the Irish Plans, which eliminated future accrual of benefits and entitled the members to receive a transfer value above the statutory minimum amount. Both of the U.K. schemes are also closed to new entrants and to new accruals, while the schemes in the Netherlands and North America are closed to new entrants only. In February of 2021, one of the Irish Plans introduced a buy-in contract for pensioners. Under the buy-in contract terms, the pension plan pays a one-off premium to an insurer to purchase a bulk annuity policy. Under the bulk annuity policy, the insurer will provide payments back to the pension scheme to notionally cover the benefits for the members covered by the buy-in. The responsibility to pay the pensions still rests with the plan (and ultimately Dole), and the obligation is still recorded by the Company.

Dole also sponsors two unfunded non-qualified deferred compensation plans, the ESP and the frozen SERP. Following a change of control event, Dole is obligated, under the provisions of the respective trust agreements, to contribute an amount sufficient to meet the ESP obligation for benefits earned through the change in control year and the ongoing value of the projected benefit obligation of the SERP. The assets held in the Rabbi Trusts are subject to the claims of Dole’s general unsecured creditors. As of December 31, 2021, $6.1 million is classified as short-term and included in short-term investments in the consolidated balance sheets, and $23.4 million is classified as long-term and is included in long-term investments in the consolidated balance sheets. The two Rabbi Trust plans were acquired through the acquisition of Legacy Dole, and thus, no amounts were outstanding as of December 31, 2020.

Obligations and Funded Status

The status of Dole’s defined benefit pension plans was as follows:


	U.S. Pension Plans				International Pension Plans				OPRB Plans
	Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2021		Year Ended December 31, 2020
	(U.S. Dollars in thousands)
Change in projected benefit obligation:
Benefit obligation at beginning of the year	$	—	$	—	$	266,320	$	227,747	$	—	$	—
Acquisition of Legacy Dole	256,767		—		114,099		—		18,655		—
Service cost	107		—		3,219		1,858		1		—
Interest cost	1,696		—		5,505		3,808		157		—
Foreign exchange impact	—		—		(12,107)		16,326		—		—
Actuarial loss (gain)	4,179		—		(4,432)		22,007		166		—
Plan amendments	—		—		(213)		279		—		—
Curtailments, settlements and terminations, net	—		—		(14,399)		—		—		—
Employee contributions	—		—		—		130		—		—
Benefits paid	(8,869)		—		(8,851)		(5,835)		(1,407)		—
Other	—		—		(140)		—		—		—
Benefit obligation at end of the year	$	253,880	$	—	$	349,001	$	266,320	$	17,572	$	—
Change in plan assets:
Fair value of plan assets at beginning of the year	$	—	$	—	$	245,061	$	215,602	$	—	$	—
Acquisition of Legacy Dole	234,221		—		—		—		—		—
Actual return on plan assets	(2,054)		—		13,901		16,325		—		—
Company contributions	1,450		—		10,297		3,822		1,407		—
Employee contributions	—		—		122		130		—		—
Benefits paid	(8,868)		—		(8,851)		(5,835)		(1,407)		—
Settlements	—		—		(14,419)		—		—		—
Foreign exchange impact	—		—		(10,581)		15,017		—		—
Other	—		—		(229)		—		—		—
Fair value of plan assets at end of the year	$	224,749	$	—	$	235,301	$	245,061	$	—	$	—
Funded status	$	(29,131)	$	—	$	(113,700)	$	(21,259)	$	(17,572)	$	—
Amounts recognized in the consolidated balance sheets:
Other assets	$	—	$	—	$	2,524	$	—	$	—	$	—
Pension and postretirement benefits	(2,243)		—		(13,209)		(5,787)		(2,212)		—
Pension and postretirement benefits, less current portion	(26,888)		—		(103,015)		(15,472)		(15,360)		—
	$	(29,131)	$	—	$	(113,700)	$	(21,259)	$	(17,572)	$	—

As of December 31, 2020, there was a net actuarial loss in the benefit obligation for the international pension plans, which was primarily attributed to the decrease of discount rates in relation to plans in the Netherlands and U.K.

Amounts recognized in accumulated other comprehensive loss were as follows:


	U.S. Pension Plans						International Pension Plans						OPRB Plans
	Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019		Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019		Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019
	(U.S. Dollars in thousands)
Net actuarial loss	$	11,011	$	—	$	—	$	50,575	$	64,591	$	53,797	$	166	$	—	$	—
Prior service (benefit)	—		—		—		(8,241)		(8,952)		(9,758)		—		—		—
Total	$	11,011	$	—	$	—	$	42,334	$	55,639	$	44,039	$	166	$	—	$	—

Some of Dole’s plans were underfunded as of December 31, 2021 and December 31, 2020, having accumulated benefit obligations exceeding the fair value of plan assets. The aggregate projected benefit obligation, accumulated benefit

obligation and fair value of plan assets of plans with accumulated benefit obligations in excess of plan assets were as follows:


	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Projected benefit obligation	$	429,115	$	253,980
Accumulated benefit obligation	$	406,233	$	251,381
Fair value of plan assets	$	283,988	$	231,707

Some of Dole’s plans are projected to be underfunded as of December 31, 2021 and December 31, 2020, having projected benefit obligations exceeding the fair value of plan assets. The aggregate projected benefit obligation, accumulated benefit obligation and fair value of plan assets of plans with projected benefit obligations in excess of plan assets were as follows:


	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Projected benefit obligation	$	519,342	$	253,980
Accumulated benefit obligation	$	470,484	$	251,381
Fair value of plan assets	$	356,415	$	231,707

Components of Net Periodic Benefit Cost and Other Changes Recognized in Other Comprehensive Income (Loss)

The components of net periodic benefit cost for Dole’s U.S. and international pension plans and OPRB plans were as follows:


	U.S. Pension Plans						International Pension Plans						OPRB Plans
	Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019		Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019		Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019
	(U.S. Dollars in thousands)
Components of net periodic benefit cost:
Service cost	$	107	$	—	$	—	$	3,219	$	1,858	$	1,536	$	1	$	—	$	—
Interest cost	1,696		—		—		5,505		3,808		5,117		157		—		—
Expected return on plan assets	(4,779)		—		—		(6,883)		(7,275)		(6,791)		—		—		—
Amortization of:
Net loss	—		—		—		2,946		2,081		2,038		—		—		—
Prior service (benefit)	—		—		—		(812)		(785)		(783)		—		—		—
Curtailments, settlements and terminations, net	—		—		—		1,756		—		—		—		—		—
Other	—		—		—		238		—		—		—		—		—
Net periodic cost (benefit)	$	(2,976)	$	—	$	—	$	5,969	$	(313)	$	1,117	$	158	$	—	$	—
Other changes recognized in other comprehensive income (loss):
Net loss (gain)	$	11,011	$	—	$	—	$	(13,186)	$	12,957	$	5,010	$	166	$	—	$	—
Prior service (benefit)	—		—		—		(213)		—		—		—		—		—
Amortization of:
Net (loss)	—		—		—		(2,946)		(2,081)		(2,038)		—		—		—
Prior service benefit	—		—		—		812		785		783		—		—		—
Foreign exchange impact and other	—		—		—		(2,026)		1,309		188		—		—		—
Income taxes expense (benefit)	2,643		—		—		(3,209)		(2,154)		38		11		—		—
Total recognized in other comprehensive income (loss)	$	13,654	$	—	$	—	$	(20,768)	$	10,816	$	3,981	$	177	$	—	$	—
Total recognized in net periodic benefit cost and other comprehensive income (loss), net of income taxes	$	10,678	$	—	$	—	$	(14,799)	$	10,503	$	5,098	$	335	$	—	$	—

The Company classifies the non-service components of net periodic pension benefit cost within other income (expense), net, in the consolidated statements of operations. Non-service components include interest costs, expected return on plan assets, amortization of net loss (gain) and prior service benefit, and other curtailment or settlement costs, within other income (expense), net, in the consolidated statements of operations.

Assumptions

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


	U.S. Pension Plans			International Pension Plans			OPRB Plans
	Year Ended December 31, 2021		Year Ended December 31, 2020	Year Ended December 31, 2021		Year Ended December 31, 2020	Year Ended December 31, 2021		Year Ended December 31, 2020
Discount rate	2.62	%	—	2.61	%	1.26%	3.18	%	—
Rate of compensation increase	3.00	%	—	1.98	%	1.82%	—		—
Rate of increase in pensions	—		—	1.90	%	1.59%	—		—

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


	U.S. Pension Plans				International Pension Plans				OPRB Plans
	Year Ended December 31, 2021		Year Ended December 31, 2020	Year Ended December 31, 2019	Year Ended December 31, 2021		Year Ended December 31, 2020	Year Ended December 31, 2019	Year Ended December 31, 2021		Year Ended December 31, 2020	Year Ended December 31, 2019
Discount rate	2.39	%	—	—	2.29	%	1.72%	2.53%	2.72	%	—	—
Rate of compensation increase	3.00	%	—	—	2.84	%	1.74%	1.73%	—		—	—
Rate of increase in pensions	—		—	—	1.68	%	1.58%	1.92%	—		—	—
Rate of return on plan assets	5.00	%	—	—	2.85	%	3.41%	3.54%	—		—	—

Dole does not sponsor any cash balance plans or plans with promised interest credit rates. International plan discount rates and assumed rates of increase in future compensation differ from the assumptions used for U.S. plans due to differences in the local economic conditions in the countries in which the international plans are based. No rate of compensation increase is shown for U.S. plans, because benefits under the U.S. plans are frozen except for a group of employees whose benefits are negotiated under collective bargaining agreements. The assumption for the rate of compensation increase for these employees reflects the rate negotiated in those bargaining agreements.

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


	2021		2020
Health care costs trend rate assumed for next year	6.49	%	—
Rate of increase to which the cost of benefits is assumed to decline (the ultimate trend rate)	4.50	%	—

Year that the rate reaches the ultimate trend rate	2029		—

Plan Assets

The following is the target asset mix for Dole’s pension plans, which management believes provides the optimal trade-off of diversification and long-term asset growth:


			Target Allocation
Fixed income securities			48%
Equity securities			27%
Other			25%
Total			100%

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


	Year Ended
	December 31, 2021	December 31, 2020
Fixed income securities	48%	51%
Equity securities	27%	25%
Other	25%	24%
Total	100%	100%

The plans’ asset allocation includes a mix of fixed income investments designed to reduce volatility and equity investments designed to maintain funding ratios and long-term financial health of the plan. The equity investments are diversified across U.S. and international stocks as well as growth, value and small and large capitalization.

Dole employs a total return investment approach whereby a mix of fixed income and equity investments is used to maximize the long-term return of plan assets with a prudent level of risk. The objectives of this strategy are to achieve full

funding of the accumulated benefit obligation and to achieve investment experience over time that will minimize pension expense volatility and minimize Dole’s contributions required to maintain full funding status. Risk tolerance is established through careful consideration of plan liabilities, plan funded status and corporate financial condition. Investment risk is measured and monitored on an ongoing basis through annual liability measurements, periodic asset/liability studies and quarterly investment portfolio reviews.

Dole determines the expected return on pension plan assets based on an expectation of average annual returns over an extended period of years. Dole also considers the weighted-average historical rate of returns on securities with similar characteristics to those in which Dole’s pension assets are invested.

Plan Contributions and Estimated Future Benefit Payments

During the year ended December 31, 2021, Dole contributed $0.3 million to its qualified U.S. pension plan. These contributions were made to comply with minimum funding requirements under the Internal Revenue Code. Dole does not expect to make contributions to its U.S. qualified plan in fiscal year 2022 nor any contributions over the following seven years, but Dole intends to make any unforeseen future contributions to the U.S. pension plan that will satisfy the minimum funding requirements. Future contributions to the U.S. pension plan in excess of the minimum funding requirement are voluntary and may change depending on Dole’s operating performance or at management’s discretion. Dole expects to make $17.7 million of contributions related to its other U.S. and foreign pension and OPRB plans in fiscal year 2022.

The following table presents estimated future benefit payments:


	U.S. Pension Plans		International Pension Plans		OPRB Plans
	(U.S. Dollars in thousands)
2022	$	21,771	$	19,512	$	2,212
2023	20,985		14,000		2,113
2024	20,150		13,572		1,935
2025	19,317		13,082		1,831
2026	18,540		14,127		1,679
Thereafter	80,313		80,315		5,749
Total	$	181,076	$	154,608	$	15,519

Defined Contribution Plans

Dole offers defined contribution plans to eligible employees. Such employees may defer a percentage of their annual compensation in accordance with plan guidelines. Some of these plans provide for a company match that is subject to a maximum contribution as defined by the plan. Dole’s contributions to its defined contribution plans totaled $15.7 million, $10.6 million and $10.1 million for the years ended December 31, 2021, December 31, 2020 and December 31, 2019, respectively.

Multi-Employer Plans

Dole is also party to various industry-wide collective bargaining agreements that provide pension benefits. Total contributions to multi-employer foreign benefit plans for eligible participants were approximately $0.4 million, for the year ended December 31, 2021 . No contributions were made to multiemployer plans for the years ended December 31, 2020 and December 31, 2019 respectively.

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 2021

Year Ended

December 31, 2021

Year Ended

December 31, 2020

Year Ended

December 31, 2019

Expiration of Agreement

(U.S. Dollars in thousands)

Western Conference of Teamsters
Pension Plan

91-6145047-001

Not critical

$

372

$

—

$

—

8/15/2024

Fair Value of Retirement Plan Assets

Dole estimates the fair value of its retirement plan assets based on current quoted market prices. In instances where quoted market prices are not readily available, the fair value of the investments is estimated by the trustee. In obtaining such data from the trustee, Dole has evaluated the methodologies used to develop the estimate of fair value in order to assess whether such valuations are representative of fair value, including net asset value. Fair values for Level 1 investments are determined based on quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities. For Level 2 investments, the fair values are determined using observable prices that are based on inputs not quoted on active markets but corroborated by market data. Level 3 investments are determined using unobservable inputs that are not corroborated by market data, whereby fair values are estimated using prices provided by its custodian, which are based on various third-party pricing services or valuation models developed by the underlying fund managers. The Level 3 investments are primarily held by the custodian in a pooled trust for qualifying U.S.-based pensions, where the fair value is derived from the individual investment components. Each investment within the pooled trust is individually valued, after considering gains and losses, contributions and distributions, and the collective value of the pooled trust represents the total fair value. Dole has determined these valuations to be Level 3 inputs, because they are based upon significant unobservable inputs.

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


	Fair Value Measurements as of December 31, 2021 Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(U.S. Dollars in thousands)
Cash and cash equivalents	$	8,276	$	—	$	—	$	8,276
Fixed-income securities	45,380		217,127		—		262,507
Insurance contracts	—		43,053		—		43,053
Equity securities	7,688		101,890		8,058		117,636
Other	2,261		12,270		122		14,653
Investments measured at fair value	63,605		374,340		8,180		446,125
Investments measured at net asset value	—		—		—		13,925
Total plan assets at fair value	$	63,605	$	374,340	$	8,180	$	460,050


	Fair Value Measurements as of December 31, 2020 Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(U.S. Dollars in thousands)
Cash and cash equivalents	$	20,089	$	—	$	—	$	20,089
Fixed-income securities	—		115,299		—		115,299
Insurance contracts	—		19,687		—		19,687
Equity securities	57,849		—		—		57,849
Other	13,466		—		—		13,466
Investments measured at fair value	91,404		134,986		—		226,390
Investments measured at net asset value	—		—		—		18,671
Total plan assets at fair value	$	91,404	$	134,986	$	—	$	245,061

The table below sets forth a summary of the transfers and purchases of the plans’ Level 3 assets for the year ended December 31, 2021:


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Common Collective Trusts		Interest in 103-12 Investment Companies		Total
	(U.S. Dollars in thousands)
Balance as of December 31, 2020	$	—	$	—	$	—
Acquired	113		8,498		8,611
Net realized and unrealized gains (losses)	9		(1,251)		(1,242)
Net purchases, issuances and settlements	—		811		811
Balance as of December 31, 2021	$	122	$	8,058	$	8,180

There was no Level 3 investment activity for the year ended December 31, 2020.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section S99
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (o)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (p)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (q)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (l)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

LEASES

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

LEASES

Lease Position

The following tables present the lease-related assets and liabilities recorded in the consolidated balance sheets:


	Lease-related assets as of December 31, 2021
	Operating lease right-of-use assets		Property, plant & equipment, net
	(U.S. Dollars in thousands)
Operating leases	$	368,632	$	—
Finance leases	—		40,739
	$	368,632	$	40,739


	Lease-related assets as of December 31, 2020
	Operating lease right-of-use assets		Property, plant & equipment, net
	(U.S. Dollars in thousands)
Operating leases	$	140,212	$	—
Finance leases	—		10,980
	$	140,212	$	10,980


	Lease-related liabilities as of December 31, 2021
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	73,046	$	305,714	$	—	$	—
Finance leases	—		—		10,039		30,680
	$	73,046	$	305,714	$	10,039	$	30,680


	Lease-related liabilities as of December 31, 2020
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	21,910	$	122,225	$	—	$	—
Finance leases	—		—		1,647		7,705
	$	21,910	$	122,225	$	1,647	$	7,705

Lease Terms and Discount Rates

The weighted-average remaining lease term and discount rate for the Company’s lease profile as of December 31, 2021 was as follows:


Weighted-average remaining lease term:			Years
Operating leases			8.0
Finance leases			5.6


Weighted-average discount rate:			Percentage
Operating leases			3.2%
Finance leases			3.5%

Lease Costs

The following table presents certain information related to lease costs for finance and operating leases for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Finance lease costs:
Depreciation of lease assets	$	6,610	$	1,192	$	716
Interest on lease liabilities	968		114		56
Operating lease costs	54,892		27,289		24,341
Short-term lease costs	8,719		1,433		1,747
Variable lease costs	8,088		1,021		880
Sublease income	(4,658)		(363)		(415)
Total lease costs	$	74,619	$	30,686	$	27,325

Supplementary Cash Flow Data

The following represents the disaggregation of certain cash flow supplementary data by finance and operating lease classifications:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	968	$	—	$	—
Operating cash flows from operating leases	43,735		29,397		22,308
Financing cash flows from finance leases	6,332		2,844		990


	Year Ended
	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Right-of-use assets obtained in exchange for finance lease liabilities	$	5,452	$	9,892
Right-of-use assets obtained in exchange for operating lease liabilities	40,584		20,978

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance and operating lease liabilities recorded on the balance sheet as of December 31, 2021:


	Finance Leases		Operating Leases

	(U.S. Dollars in thousands)
2022	$	10,704	$	86,182
2023	7,000		74,787
2024	6,307		61,758
2025	8,618		48,904
2026	2,690		33,203
Thereafter	9,077		121,427
Total lease payments	44,396		426,261
Less: present value discount	(3,677)		(47,501)
	$	40,719	$	378,760

Related Party Lease Transactions

In the ordinary course of business, Dole enters into a number of lease agreements with related parties. During the periods presented, Dole, as a lessee, entered into the following transactions with such parties:


	Lease-related Liabilities with Related Parties as of December 31, 2021
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	1,254	$	12,553	$	—	$	—
Finance leases	—		—		—		—
	$	1,254	$	12,553	$	—	$	—


	Lease-related Liabilities with Related Parties as of December 31, 2020
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	1,993	$	14,202	$	—	$	—
Finance leases	—		—		135		427
	$	1,993	$	14,202	$	135	$	427

The company leases certain buildings to related parties through operating lease agreements. Rental income recognized related to these agreements was not material for the years ended December 31, 2021, December 31, 2020 and December 31, 2019.

Lessor Accounting

The company leases various types of owned properties to external parties mainly through operating lease agreements. Leasing assets to external parties is not significant to Dole’s operations. Rental income recognized on agreements where Dole acted as the lessor was as follows:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

Rental income:	(U.S. Dollars in thousands)
Other income (expense), net	$	5,202	$	2,708	$	2,270

LEASES

Lease Position

The following tables present the lease-related assets and liabilities recorded in the consolidated balance sheets:


	Lease-related assets as of December 31, 2021
	Operating lease right-of-use assets		Property, plant & equipment, net
	(U.S. Dollars in thousands)
Operating leases	$	368,632	$	—
Finance leases	—		40,739
	$	368,632	$	40,739


	Lease-related assets as of December 31, 2020
	Operating lease right-of-use assets		Property, plant & equipment, net
	(U.S. Dollars in thousands)
Operating leases	$	140,212	$	—
Finance leases	—		10,980
	$	140,212	$	10,980


	Lease-related liabilities as of December 31, 2021
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	73,046	$	305,714	$	—	$	—
Finance leases	—		—		10,039		30,680
	$	73,046	$	305,714	$	10,039	$	30,680


	Lease-related liabilities as of December 31, 2020
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	21,910	$	122,225	$	—	$	—
Finance leases	—		—		1,647		7,705
	$	21,910	$	122,225	$	1,647	$	7,705

Lease Terms and Discount Rates

The weighted-average remaining lease term and discount rate for the Company’s lease profile as of December 31, 2021 was as follows:


Weighted-average remaining lease term:			Years
Operating leases			8.0
Finance leases			5.6


Weighted-average discount rate:			Percentage
Operating leases			3.2%
Finance leases			3.5%

Lease Costs

The following table presents certain information related to lease costs for finance and operating leases for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Finance lease costs:
Depreciation of lease assets	$	6,610	$	1,192	$	716
Interest on lease liabilities	968		114		56
Operating lease costs	54,892		27,289		24,341
Short-term lease costs	8,719		1,433		1,747
Variable lease costs	8,088		1,021		880
Sublease income	(4,658)		(363)		(415)
Total lease costs	$	74,619	$	30,686	$	27,325

Supplementary Cash Flow Data

The following represents the disaggregation of certain cash flow supplementary data by finance and operating lease classifications:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	968	$	—	$	—
Operating cash flows from operating leases	43,735		29,397		22,308
Financing cash flows from finance leases	6,332		2,844		990


	Year Ended
	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Right-of-use assets obtained in exchange for finance lease liabilities	$	5,452	$	9,892
Right-of-use assets obtained in exchange for operating lease liabilities	40,584		20,978

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance and operating lease liabilities recorded on the balance sheet as of December 31, 2021:


	Finance Leases		Operating Leases

	(U.S. Dollars in thousands)
2022	$	10,704	$	86,182
2023	7,000		74,787
2024	6,307		61,758
2025	8,618		48,904
2026	2,690		33,203
Thereafter	9,077		121,427
Total lease payments	44,396		426,261
Less: present value discount	(3,677)		(47,501)
	$	40,719	$	378,760

Related Party Lease Transactions

In the ordinary course of business, Dole enters into a number of lease agreements with related parties. During the periods presented, Dole, as a lessee, entered into the following transactions with such parties:


	Lease-related Liabilities with Related Parties as of December 31, 2021
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	1,254	$	12,553	$	—	$	—
Finance leases	—		—		—		—
	$	1,254	$	12,553	$	—	$	—


	Lease-related Liabilities with Related Parties as of December 31, 2020
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	1,993	$	14,202	$	—	$	—
Finance leases	—		—		135		427
	$	1,993	$	14,202	$	135	$	427

The company leases certain buildings to related parties through operating lease agreements. Rental income recognized related to these agreements was not material for the years ended December 31, 2021, December 31, 2020 and December 31, 2019.

Lessor Accounting

The company leases various types of owned properties to external parties mainly through operating lease agreements. Leasing assets to external parties is not significant to Dole’s operations. Rental income recognized on agreements where Dole acted as the lessor was as follows:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

Rental income:	(U.S. Dollars in thousands)
Other income (expense), net	$	5,202	$	2,708	$	2,270

LEASES

Lease Position

The following tables present the lease-related assets and liabilities recorded in the consolidated balance sheets:


	Lease-related assets as of December 31, 2021
	Operating lease right-of-use assets		Property, plant & equipment, net
	(U.S. Dollars in thousands)
Operating leases	$	368,632	$	—
Finance leases	—		40,739
	$	368,632	$	40,739


	Lease-related assets as of December 31, 2020
	Operating lease right-of-use assets		Property, plant & equipment, net
	(U.S. Dollars in thousands)
Operating leases	$	140,212	$	—
Finance leases	—		10,980
	$	140,212	$	10,980


	Lease-related liabilities as of December 31, 2021
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	73,046	$	305,714	$	—	$	—
Finance leases	—		—		10,039		30,680
	$	73,046	$	305,714	$	10,039	$	30,680


	Lease-related liabilities as of December 31, 2020
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	21,910	$	122,225	$	—	$	—
Finance leases	—		—		1,647		7,705
	$	21,910	$	122,225	$	1,647	$	7,705

Lease Terms and Discount Rates

The weighted-average remaining lease term and discount rate for the Company’s lease profile as of December 31, 2021 was as follows:


Weighted-average remaining lease term:			Years
Operating leases			8.0
Finance leases			5.6


Weighted-average discount rate:			Percentage
Operating leases			3.2%
Finance leases			3.5%

Lease Costs

The following table presents certain information related to lease costs for finance and operating leases for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Finance lease costs:
Depreciation of lease assets	$	6,610	$	1,192	$	716
Interest on lease liabilities	968		114		56
Operating lease costs	54,892		27,289		24,341
Short-term lease costs	8,719		1,433		1,747
Variable lease costs	8,088		1,021		880
Sublease income	(4,658)		(363)		(415)
Total lease costs	$	74,619	$	30,686	$	27,325

Supplementary Cash Flow Data

The following represents the disaggregation of certain cash flow supplementary data by finance and operating lease classifications:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	968	$	—	$	—
Operating cash flows from operating leases	43,735		29,397		22,308
Financing cash flows from finance leases	6,332		2,844		990


	Year Ended
	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Right-of-use assets obtained in exchange for finance lease liabilities	$	5,452	$	9,892
Right-of-use assets obtained in exchange for operating lease liabilities	40,584		20,978

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance and operating lease liabilities recorded on the balance sheet as of December 31, 2021:


	Finance Leases		Operating Leases

	(U.S. Dollars in thousands)
2022	$	10,704	$	86,182
2023	7,000		74,787
2024	6,307		61,758
2025	8,618		48,904
2026	2,690		33,203
Thereafter	9,077		121,427
Total lease payments	44,396		426,261
Less: present value discount	(3,677)		(47,501)
	$	40,719	$	378,760

Related Party Lease Transactions

In the ordinary course of business, Dole enters into a number of lease agreements with related parties. During the periods presented, Dole, as a lessee, entered into the following transactions with such parties:


	Lease-related Liabilities with Related Parties as of December 31, 2021
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	1,254	$	12,553	$	—	$	—
Finance leases	—		—		—		—
	$	1,254	$	12,553	$	—	$	—


	Lease-related Liabilities with Related Parties as of December 31, 2020
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	1,993	$	14,202	$	—	$	—
Finance leases	—		—		135		427
	$	1,993	$	14,202	$	135	$	427

The company leases certain buildings to related parties through operating lease agreements. Rental income recognized related to these agreements was not material for the years ended December 31, 2021, December 31, 2020 and December 31, 2019.

Lessor Accounting

The company leases various types of owned properties to external parties mainly through operating lease agreements. Leasing assets to external parties is not significant to Dole’s operations. Rental income recognized on agreements where Dole acted as the lessor was as follows:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

Rental income:	(U.S. Dollars in thousands)
Other income (expense), net	$	5,202	$	2,708	$	2,270

DERIVATIVE FINANCIAL INSTRUMENTS

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE FINANCIAL INSTRUMENTS

Dole is exposed to foreign currency exchange rate fluctuations, bunker fuel price fluctuations and interest rate changes in the normal course of its business. As part of its risk management strategy, Dole uses derivative instruments to hedge some of these exposures. Dole’s objective is to offset gains and losses resulting from these exposures with losses and gains from the derivative contracts used to hedge them, thereby reducing volatility of earnings. Dole does not hold or issue derivative financial instruments for trading or speculative purposes. The types of derivative instruments utilized by Dole are described below:

Foreign currency hedges: Dole enters into foreign currency exchange forward and option contracts to hedge exposure to changes in certain foreign currency exchange rates. Dole enters into fair value hedges to hedge foreign currency exposure of non-functional currency assets and liabilities and cash flow hedges to hedge foreign currency exposure of forecasted revenue, cost of sales and operating expenses.

Interest rate swaps: Dole enters into interest rate swaps to mitigate a significant portion of the interest rate risk associated with its variable-rate debt. As discussed in Note 14 “Notes Payable, Bank Overdrafts and Long-Term Debt”, during the year ended December 31, 2021, Dole entered into $600.0 million of interest rate swaps with maturity dates ranging from three to five years that effectively converted the rate of $600.0 million of debt from variable to fixed. The interest rate swaps fixed the paying rate of interest at rates between 0.51% and 0.84%, with the receiving rates variable based on the one-month LIBOR benchmark rate, which was 0.10% as of December 31, 2021.

Bunker fuel contracts: Dole incurs significant fuel costs from shipping products from sourcing locations to end customer markets and from arranging air or land transportation for products of third-party entities. As a result, Dole is exposed to commodity and fuel cost risks and enters into bunker fuel contracts to hedge the risk of unfavorable fuel prices.

Hedge Accounting Election

The Company performs an analysis of the hedging portfolio at inception and on a quarterly basis. The Company uses the following criteria in evaluating derivative instruments for hedge accounting:

1.Hedged risk is eligible

2.Hedged item or transaction is eligible

3.Hedging instrument is eligible

4.Hedging relationship is highly effective

5.Designation and documentation requirements are met

Dole designates the interest rate swaps and certain foreign currency cash flow hedges for hedge accounting and records the changes in fair value of these instruments in accumulated other comprehensive loss. The changes in fair value of non-designated cash flow hedges and bunker fuel hedges are recorded in earnings.

Notional Amounts of Derivative Instruments

Dole had the following derivative instruments outstanding as of December 31, 2021:


			Aggregate Notional Amount
Foreign currency forward contracts by currency:
United States Dollar			$6.4 million
Euro			€146.4 million
British Pound Sterling			£3.4 million
Chilean Peso			CLP 11.2 billion
South African Rand			R 450.8 million
Interest rate swap contract			$600.0 million
Bunker fuel hedges			13.2 thousand metric tons

Quantitative Disclosures

Derivatives are presented gross in the consolidated balance sheets. The following table presents the balance sheet location and fair value of the derivative instruments by type:


	Fair Value Measurements as of December 31, 2021
	Accrued Liabilities		Other Assets		Other Receivables, net

Foreign currency forward contracts:	(U.S. Dollars in thousands)
Cash flow hedges	$	(222)	$	—	$	2,183
Non-designated cash flow hedges	(578)		—		202
Interest rate swap contracts	—		10,102		—
Bunker fuel hedges	—		—		1,023
	$	(800)	$	10,102	$	3,408


	Fair Value Measurements as of December 31, 2020
	Accrued Liabilities		Other Assets		Other Receivables, net

Foreign currency forward contracts:	(U.S. Dollars in thousands)
Non-designated cash flow hedges	$	(1,424)	$	—	$	—
	$	(1,424)	$	—	$	—

Refer to Note 18 “Fair Value Measurements” for presentation of fair value instruments within the consolidated balance sheets, which includes derivative financial instruments.

The following tables represent Dole’s realized and unrealized derivative gains (losses) and respective location in the financial statements for all derivative instruments for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended December 31, 2021
	Gains deferred in Accumulated Other Comprehensive Loss		Cost of Sales

Realized gains (losses):	(U.S. Dollars in thousands)
Cash flow hedges	$	—	$	2,399
Non-designated cash flow hedges	—		(403)
Bunker fuel hedges	—		2,358
Total net realized gains	$	—	$	4,354

Unrealized gains (losses):
Cash flow hedges	$	1,336	$	—
Non-designated cash flow hedges	—		388
Bunker fuel hedges	—		(1,645)
Interest rate swap contracts	10,102		—
Total net unrealized gains (losses)	$	11,438	$	(1,257)

As of December 31, 2021, the Company expects approximately $1.3 million of deferred gains from cash flow hedges to be reclassified from accumulated other comprehensive loss into earnings over the next 12 months. Refer to Note 21 “Stockholders’ Equity” for details on reclassifications out of accumulated other comprehensive loss for the years ended December 31, 2021 and December 31, 2020.


	Year Ended December 31, 2020
	Gains deferred in Accumulated Other Comprehensive Loss		Cost of Sales

Unrealized (losses):	(U.S. Dollars in thousands)
Non-designated cash flow hedges	$	—	$	(682)

Total net unrealized (losses)	$	—	$	(682)

There were no realized derivative gains or losses for the year ended December 31, 2020.


	Year Ended December 31, 2019
	Gains deferred in Accumulated Other Comprehensive Loss		Cost of Sales

Realized gains:	(U.S. Dollars in thousands)
Non-designated cash flow hedges	$	—	$	128
Total net realized gains	$	—	$	128
Unrealized (losses):
Non-designated cash flow hedges	$	—	$	(12)

Total net unrealized (losses)	$	—	$	(12)

FAIR VALUE MEASUREMENTS

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

The inputs used to measure fair value are based on a hierarchy that prioritizes observable and unobservable inputs used in valuation techniques. These levels, in order of highest to lowest priority, are described below:

Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets or liabilities.

Level 2: Observable prices that are based on inputs not quoted on active markets but corroborated by market data.

Level 3: Unobservable inputs that are not corroborated by market data.

Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following tables present the fair values of the Company’s assets and liabilities measured at fair value on a recurring basis, with the exception of pension assets and liabilities as of December 31, 2021 and December 31, 2020. Refer to Note 15 “Employee Benefit Plans” for the presentation of fair value of pension assets and liabilities.


		Fair Value Measurements as of December 31, 2021 Using
	Balance Sheet Classification	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total

Foreign currency forward contracts:		(U.S. Dollars in thousands)
	Other receivables, net	$	—	$	2,385	$	—	$	2,385
	Accrued liabilities	—		(800)		—		(800)
Bunker fuel hedges:	Other receivables, net	—		1,023		—		1,023
Interest rate swap contracts:	Other assets	—		10,102		—		10,102
Rabbi Trust investments:
	Short-term investments	—		—		6,115		6,115
	Long-term investments	—		—		23,433		23,433
Contingent consideration:
	Contingent consideration	—		—		(2,958)		(2,958)
	Contingent consideration, less current portion	—		—		(4,302)		(4,302)
Total		$	—	$	12,710	$	22,288	$	34,998


		Fair Value Measurements as of December 31, 2020 Using
	Balance Sheet Classification	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
		(U.S. Dollars in thousands)
Foreign currency forward contracts:	Accrued liabilities	$	—	$	(1,424)	$	—	$	(1,424)
Other investments:	Other assets	—		—		406		406
Contingent consideration:
	Contingent consideration	—		—		(4,912)		(4,912)
	Contingent consideration, less current portion	—		—		(5,786)		(5,786)
Total		$	—	$	(1,424)	$	(10,292)	$	(11,716)

The table below sets forth a summary of changes in the fair value of the Level 3 investments, excluding contingent consideration and pension assets, for the years ended December 31, 2021 and December 31, 2020:


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	555
Net unrealized losses recognized in earnings	(149)
Balance as of December 31, 2020	406
Additions from the acquisition of Legacy Dole	29,574
Transfers out of Level 3 investments	(406)
Net realized and unrealized losses recognized in earnings*	(286)
Plan contributions	1,210
Plan distributions	(950)
Balance as of December 31, 2021	$	29,548

* Net amount comprised realized gains of $0.5 million and unrealized losses of $(0.8) million recorded in other income (expense), net, in the consolidated statements of operations.

See Note 25 “Contingent Consideration” and Note 15 “Employee Benefit Plans” for rollforwards of other Level 3 investments.

The assets and liabilities that are required to be recorded at fair value on a recurring basis are derivative instruments, contingent consideration and Rabbi Trust investments. The fair values of the Company’s derivative instruments are determined using Level 2 inputs, which are defined as “observable prices that are based on inputs not quoted on active markets but corroborated by market data.” The fair values of the foreign currency forward contracts, the interest rate swaps and bunker fuel hedges were estimated using internal discounted cash flow calculations based upon forward foreign currency exchange rates, bunker fuel futures, interest rate yield curves or quotes obtained from brokers for contracts with similar terms, less any credit valuation adjustments based on Dole’s own credit risk and any counterparties' credit risk.

As of the Acquisition Date, Dole acquired approximately $29.6 million of Legacy Dole’s investments. Legacy Dole sponsors a non-qualified deferred ESP compensation plan and a frozen non-qualified SERP defined benefit plan for executives. The plans are funded through investments in Rabbi Trusts. Securities are recorded at fair value with realized and unrealized holding gains or losses included in earnings. As of December 31, 2021, securities totaled $29.5 million, of which $6.1 million was classified as short-term and included in short-term investments in the consolidated balance sheets, and $23.4 million was classified as long-term and included in long-term investments in the consolidated balance sheets. Dole estimates the fair value of its Rabbi Trust investments using prices provided by its custodian, which are based on various third-party pricing services or valuation models developed by the underlying fund managers. The Rabbi Trust investments are held by the custodian in various master trust units (“MTUs”), where the fair value is derived from the individual investment components. Each investment within the MTU is individually valued, after considering gains, losses, contributions and distributions, and the collective value of the MTU represents the total fair value. Dole has evaluated the methodologies used by the custodian to develop the estimate of fair value and assessed whether such valuations are representative of fair value, including net asset value. Dole has determined the valuations to be Level 3 inputs, because they are based upon significant unobservable inputs.

The carrying value of contingent consideration in the consolidated balance sheets approximates fair value based on the present value of the expected payments, discounted using a risk-adjusted rate. The expected payments are determined by forecasting the acquiree's earnings over the applicable period. Dole has determined the valuations are Level 3 inputs, because they are based upon significant unobservable inputs. No contingent consideration was recognized in the acquisition of Legacy Dole.

Fair Value of Financial Instruments

In estimating the Company’s fair value disclosures for financial instruments, Dole used the following methods and assumptions:

Cash and cash equivalents: The carrying value reported in the consolidated balance sheets for these items approximates fair value due to the liquid nature and are classified as Level 1.

Short-term trade and grower receivables: The carrying value reported in the consolidated balance sheets for these items is net of allowances and are classified as Level 2.

Trade payables: The carrying value reported in the consolidated balance sheets for these items approximates fair value and are classified as Level 2.

Notes receivable and notes payable: The carrying value reported in the consolidated balance sheets for these items approximates fair value and are classified as Level 2.

Long-term grower receivables: The carrying value reported in the consolidated balance sheets for these items is net of allowances and are classified as Level 2.

Finance and operating leases: The carrying value of finance lease obligations reported in the consolidated balance sheets approximates fair value based on current interest rates, which contain an element of default risk. The fair value of finance lease obligations is estimated using Level 2 inputs based on quoted prices for those or similar instruments. For operating leases, Dole uses the rate implicit in the lease to discount leases payments to present value, when available. However, most of the leases do not provide a readily determinable implicit rate. Therefore, the Company’s incremental borrowing rate is used to discount the lease payments based on information available at lease commencement.

Interest-bearing loans and borrowings: For floating rate interest-bearing loans and borrowings with a contractual repricing date of less than six months, the nominal amount is deemed to reflect fair value. For loans with repricing dates of greater than six months, the fair value is calculated based on the present value of the expected future principal and interest cash flows, discounted at interest rates effective at the reporting date and adjusted for movements in credit spreads. Based on these inputs, the derivative assets or liabilities are classified as Level 2.

Fair Value of Debt

Dole estimates the fair value of its term loan based on the bid side of current quoted market prices.

The carrying values, net of debt discounts and debt issuance costs, and gross estimated fair values of Dole’s debt based on Level 2 inputs in the fair value hierarchy are summarized below:


	December 31, 2021
	Carrying Value		Estimated Fair Value

	(U.S. Dollars in thousands)
Term Loan A and Term Loan B	$	815,764	$	833,637

See Note 14 “Notes Payable, Bank Overdrafts and Long-Term Debt” for additional detail on long-term debt instruments.

Credit Risk

The counterparties to the foreign currency exchange contracts consist of a number of major international financial institutions. Dole has established counterparty guidelines and regularly monitors its positions and the financial strength of these institutions. While counterparties to hedging contracts expose Dole to credit-related losses in the event of a counterparty’s non-performance, the risk would be limited to the unrealized gains on such affected contracts. Dole does not anticipate any such losses.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Commitments

In order to secure sufficient product, packaging, agrochemicals and other supplies to meet demand and maximize volume incentive rebates, the Company has historically entered into non-cancelable agreements with independent vendors and growers for purchases in the normal course of business. Prices under these agreements are generally tied to prevailing market rates, and contract terms generally range from one to six years, though the majority have terms of one year and are renegotiated annually. For the year ended December 31, 2021, estimated purchases under these contracts were approximately $448.1 million. For the years ended December 31, 2020 and December 31, 2019, purchases under these types of contracts were not material, as these arrangements are not in the normal course of Legacy Total Produce’s operations. As of December 31, 2021, aggregate estimated future payments under such purchase commitments, based on December 2021 pricing and volumes, were as follows:


	Amount
	(U.S. Dollars in thousands)
2022	$	957,535
2023	523,713
2024	344,671
2025	337,072
2026	241,072
Thereafter	497,853
Total	$	2,901,916

Dole has numerous collective bargaining agreements with various unions covering approximately 33% of Dole’s workforce. Of these unionized employees, 33% are covered under a collective bargaining agreement that will expire within one year, and the remaining 67% are covered under collective bargaining agreements expiring beyond the upcoming year. These agreements are subject to periodic negotiation and renewal. Failure to renew any of these collective bargaining agreements may result in a strike or work stoppage; however, management does not expect that the outcome of these negotiations and renewals will have a material adverse impact on Dole’s financial condition or results of operations.

Guarantees and Other Contingencies

Dole provides guarantees for obligations of subsidiaries to third parties directly and indirectly through letters of credit from its revolving credit facilities, other major banking institutions and surety bonds issued by insurance companies. These letters of credit, bank guarantees and surety bonds are required by certain regulatory authorities, suppliers and other operating agreements. As of December 31, 2021 and December 31, 2020, total letters of credit, bank guarantees and surety bonds outstanding under these arrangements were $68.8 million and $10.8 million, respectively.

Additionally, the Company guarantees certain bank borrowings and other obligations of certain investments accounted for under the equity method. As of December 31, 2021 and December 31, 2020, total guarantees under these arrangements were $13.9 million and $12.3 million, respectively.

Each of the following Irish registered subsidiaries of the Company may avail of the exemption from filing its statutory financial statements for the year ended December 31, 2021 as permitted by Section 357 of the Companies Act 2014. If any of these Irish registered subsidiaries of the Company elects to avail of this exemption, there will be in force an irrevocable guarantee from the Company in respect of all commitments entered into by such wholly-owned subsidiary, including amounts shown as liabilities (within the meaning of Section 357 (1) (b) of the Companies Act 2014) in such wholly-owned subsidiary’s statutory financial statements for the year ended December 31, 2021:

•Dole Management Services Limited

•Finantic Limited

•Total Produce International Holdings Limited

•Total Produce Ireland Limited

•Uniplumo (Ireland) Limited

In February of 2020, the State of Hawaii and Department of Land and Natural Resources provided notice to Dole of a deficiency in the spillway and embankment stability of a Company-owned reservoir that requires mediation by 2025.

Dole contracted a third party to perform an improvement study which resulted in an estimate of costs to modify the spillway of approximately $20.0 million. As the impacted reservoir is currently being actively marketed with potential buyers, the Company does not deem a resulting loss from the contingency to be probable and, thus, has not recognized a liability in the consolidated balance sheets. All actively marketed property was adjusted to fair market value through the purchase price allocation to reflect current market conditions. See Note 4 “Business Combinations and Transactions” for additional detail.

During December of 2021, Dole issued a voluntary recall of all packaged salads processed at the Fresh Vegetables Bessemer City, North Carolina and Yuma, Arizona facilities due to possible health risk from Listeria monocytogenes. As a result of the recall, operations were temporarily suspended at the two processing facilities to facilitate proper investigation and sanitation procedures. During the year ended December 31, 2021, the Company incurred $6.8 million of exceptional known costs, which were recorded in cost of sales in the consolidated statements of operations, and estimated incremental exceptional charges of $10.8 million, of which $2.2 million was recorded as an allowance against inventories, $3.0 million was recorded as a sales allowance against accounts receivable, and $5.6 million was recorded as accrued liabilities in the consolidated balance sheets. The actual impact of potential customer and legal claims is uncertain and, thus, subject to change. See Note 27 “Subsequent Events” for additional detail.

Legal Contingencies

Dole is involved from time to time in claims and legal actions incidental to its operations, both as plaintiff and defendant. Legal fees are expensed as incurred or expected to be incurred when the resulting loss from legal matters related to underlying events that have already occurred is probable and estimable. Dole has established what management currently believes to be adequate reserves for pending legal matters. These reserves are established as part of an ongoing worldwide assessment of claims and legal actions that takes into consideration such items as changes in the pending case load (including resolved and new matters), opinions of legal counsel, individual developments in court proceedings, changes in the law, changes in business focus, changes in the litigation environment, changes in opponent strategy and tactics, new developments as a result of ongoing discovery and past experience in defending and settling similar claims. In the opinion of management, after consultation with legal counsel, the claims or actions to which Dole is a party are not expected to have a material adverse effect, individually or in the aggregate, on Dole’s financial position or results of operations.

DBCP Cases: Dole Food Company, Inc., and certain of its subsidiaries are involved in lawsuits pending in the U.S. and in foreign countries alleging injury because of exposure to the agricultural chemical DBCP (1,2- dibromo-3-chloropropane). Currently, there are approximately 180 lawsuits in various stages of proceedings alleging injury or seeking enforcement of Nicaragua judgments, most of which are pending in Nicaragua and are inactive. In addition, there are multiple labor cases pending in Costa Rica under that country’s national insurance program.

Settlements have been reached that, when fully implemented, will significantly reduce DBCP litigation in Nicaragua and the Philippines. Currently, claimed damages in DBCP cases worldwide total approximately $17.8 billion, with lawsuits in Nicaragua representing almost all this amount. Twenty-four of the cases in Nicaragua have resulted in judgments, although many of these are being eliminated as part of the current settlements. The Company believes that none of the Nicaraguan judgments that remain will be enforceable against any Dole entity in the U.S. or in any other country.

As to all the DBCP matters, Dole has denied liability and asserted substantial defenses. The Company believes there is no reliable scientific basis for alleged injuries from the agricultural field application of DBCP. Although no assurance can be given concerning the outcome of the DBCP cases, in the opinion of management, after consultation with legal counsel and based on experience defending and resolving DBCP claims, neither the pending lawsuits and claims nor their resolution are expected to have a material adverse effect on Dole’s financial position or results of operations, because the probable loss is not material.

Former Shell Site: Beginning in 2009, Shell Oil Company and Dole Food Company, Inc. were sued in several cases filed in Los Angeles Superior Court by the City of Carson and persons claiming to be current or former residents in the area of a housing development built in the 1960s by a predecessor of what is now a Dole subsidiary, Barclay Hollander Corporation (“BHC”), on land that had been owned and used by Shell as a crude oil storage facility for 40 years prior to the housing development. The homeowner and City of Carson complaints have been settled and the litigation has been dismissed. On May 6, 2013, Shell filed a complaint against Dole Food Company, Inc. (which was later voluntarily dismissed), BHC and Lomita Development Company (“Lomita”), seeking indemnity for the costs associated with the lawsuits discussed above (approximately $90.0 million plus attorney fees) and for the cleanup discussed below (approximately $310.0 million, although this number is only an estimate). Shell’s indemnification claims were based on an

early entry side agreement between Shell and an entity related to BHC and on claims based in equity. The trial court dismissed Shell’s contract-based claims, and the California Court of Appeals affirmed the dismissal. Shell’s equitable claims are pending before the trial court.

The California Regional Water Quality Control Board (“Water Board”) is supervising the cleanup on the former Shell site. On March 11, 2011, the Water Board issued a Cleanup and Abatement Order (“CAO”) naming Shell as the Discharger and a Responsible Party, and ordering Shell to assess, monitor and cleanup and abate the effects of contaminants discharged to soil and groundwater at the site. On April 30, 2015, the CAO was amended to also name BHC as a discharger. BHC appealed this CAO revision to the California State Water Resources Control Board, which appeal was denied by operation of law when the Water Board took no action. On September 30, 2015, BHC filed a writ petition in the Superior Court challenging the CAO on several grounds. The trial court denied BHC’s petition, which denial was subsequently upheld by the California Court of Appeals, thereby ending BHC’s challenge to the CAO revision naming BHC as a discharger. In the opinion of management, after consultation with legal counsel, the claims or actions related to the former Shell site are not expected to have a material adverse effect, individually or in the aggregate, on Dole’s financial position or results of operations, because management believes the risk of loss is remote.

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Balmoral International Land Holdings plc (“Balmoral”) is a related party of Dole plc, because the Chair of the Board of Dole plc is also the Chair of the Board of Balmoral. In the years ended December 31, 2021, December 31, 2020 and December 31, 2019, a subsidiary of Dole leased a number of buildings from, was in receipt of property management services from and provided IT management services to Balmoral. Total net expense related to Balmoral was $1.6 million, $1.4 million and $1.4 million for the years ended December 31, 2021, December 31, 2020 and December 31, 2019, respectively. Mr. Murdock is a significant shareholder of Dole plc and former owner of Legacy Dole. Mr. Murdock owns, inter alia, the real estate company Castle and Cooke, Inc. (“Castle”). Purchases from and sales to various companies of Mr. Murdock were not material for the years ended December 31, 2021, December 31, 2020 and December 31, 2019 . See Note 23 “Investments in Unconsolidated Affiliates” for details of transactions with equity method investees, Note 16 “Leases” for details of lease-related transactions with related parties and Note 19 “Commitments and Contingencies” for details of related party guarantees. All other transactions with related parties were not material for the years ended December 31, 2021, December 31, 2020 and December 31, 2019. Outstanding receivables from and payables to related parties were not material as of December 31, 2021 and December 31, 2020 .

STOCKHOLDERS’ EQUITY

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

STOCKHOLDERS’ EQUITY

Common Stock

As of December 31, 2021, the Company was authorized to issue 600.0 million total shares of capital stock, consisting of 300.0 million shares of common stock and 300.0 million shares of preferred stock. As of December 31, 2021, there were 94.9 million shares of common stock outstanding and no shares of preferred stock outstanding.

A rollforward of share activity as of December 31, 2021 and December 31, 2020 was as follows:


			Amount
			(In thousands)
Outstanding shares as of December 31, 2019			410,525
Share issued related to equity compensation			200
Outstanding shares as of December 31, 2020			410,725
Share issued related to equity compensation			4,545
Cancellation of treasury shares			(22,000)
Total Produce share exchange			(337,088)
Shares issued to the C&C Parties			11,917
Primary IPO Transaction issuance			25,000
Secondary issuance			1,779
Balance as of December 31, 2021			94,878

Stock-Based Compensation

The Company’s primary stock-based compensation plan is the 2021 Omnibus Incentive Compensation Plan (“the Plan”), under which stock options and restricted stock units (“RSUs”) are issued. The purpose of the Plan is to benefit and advance the interests of Dole by attracting, retaining and motivating participants and to compensate participants for contributions to the success of the Company. Upon exercise of stock options or vesting of RSUs, new shares are issued from existing authorization. A total of 7,447,891 shares of the Company’s common stock were initially reserved for issuance pursuant to the Omnibus Plan. Upon the exercise of any option or vesting of any RSU, the related award is cancelled to the extent of the number of shares exercised or vested, and that number of shares is no longer available under the Plan. If any part of the award terminates without delivery of the related shares, the extent of the award will then be available for future grant under the Plan. As of December 31, 2021, there were 6,786,294 shares available for future grant under the Plan and 661,597 shares available for future issue under awards granted.

Compensation expense for stock options is determined based on the grant date fair value of the award, calculated using the Black Scholes options-pricing model. Company stock options generally vest over a three-year service period and expire ten years from the date of grant. Forfeitures are estimated on the date of grant based on historical forfeiture rates, and compensation expense is adjusted based on actual forfeitures. The weighted-average grant date fair value per share of stock options granted during 2021 was $4.47.

The following table summarizes the assumptions used for estimating the fair values of the stock options:


Assumption	December 31, 2021

Risk free interest rate	0.9	%
Expected volatility	32.5	%
Dividend yield	1.5	%
Expected term (years)	6.5

The weighted-average grant date fair value per share of RSUs granted during 2021 was $15.88, based on the stock price per share on the date of grant.

For the year ended December 31, 2021, stock-based compensation expense related to the Plan was $0.8 million and was not material for the years ended December 31, 2020 and December 31, 2019. Stock-based compensation expense related to the Plan is recorded in selling, marketing, general and administrative expenses in the consolidated statements of

operations. The total unrecognized compensation cost related to the unvested awards as of December 31, 2021 was $4.4 million and will be recognized over a weighted-average period of approximately 2.4 years.

Dividends Declared

The following table summarizes total dividends per share declared for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


Dividend	Paid Date	Amount (per share)

		(U.S. Dollars)
2020 Declared Final Dividend	5/28/2021	$	0.03
2020 Declared Interim Dividend	1/29/2021	$	0.01
2019 Declared Final Dividend	9/2/2020	$	0.03
2019 Declared Interim Dividend	10/11/2019	$	0.01
2018 Declared Final Dividend	6/6/2019	$	0.03

On December 2, 2021, the Board of Directors of Dole plc declared a cash dividend for the third quarter of $0.08 per share, payable on January 7, 2022 to shareholders of record on December 17, 2021. See Note 27 “Subsequent Events” for additional detail.

The following table summarizes total dividends paid for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

	(U.S. Dollars in thousands)
Dividends	$	(17,092)	$	(11,875)	$	(14,919)

Dole’s ability to declare and pay dividends is subject to limitations contained in its various debt agreements. As of December 31, 2021, Dole had $50.0 million available to declare or pay a dividend.

Accumulated Other Comprehensive Loss

Dole’s accumulated other comprehensive loss primarily consists of unrealized foreign currency translation gains and losses, unrealized derivative gains and losses and pension and postretirement obligation adjustments. A rollforward of the

changes in accumulated other comprehensive loss, disaggregated by component, was as follows for the years ended December 31, 2021 and December 31, 2020:


	Changes in Accumulated Other Comprehensive Loss by Component
	Fair Value of Derivatives		Pension & Other Postretirement Benefits		Foreign Currency Translation		Total

	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	—	$	(65,065)	$	(66,539)	$	(131,604)
Other comprehensive income (loss) attributable to Dole plc before reclassifications, net of tax	(2,578)		(13,675)		17,759		1,506
Amounts reclassified from accumulated other comprehensive loss	—		1,295		—		1,295
Net other comprehensive income (loss) attributable to Dole plc	(2,578)		(12,380)		17,759		2,801
Balance as of December 31, 2020	$	(2,578)	$	(77,445)	$	(48,780)	$	(128,803)
Other comprehensive income (loss) attributable to Dole plc before reclassifications, net of tax	14,948		1,783		(27,669)		(10,938)
Amounts reclassified from accumulated other comprehensive loss	(3,739)		378		1,721		(1,640)
Reclassification of pension activity*	—		15,462		—		15,462
Net other comprehensive income (loss) attributable to Dole plc	11,209		17,623		(25,948)		2,884
Balance at December 31, 2021	$	8,631	$	(59,822)	$	(74,728)	$	(125,919)

*See Note 2 “Basis of Presentation and Summary of Significant Accounting Policies” for details on the reclassification of pension activity.

For the year ended December 31, 2021, amounts reclassified out of accumulated other comprehensive loss includes the following:

•The reclassification of gains of $3.7 million related to the fair value of cash flow hedges, of which $2.3 million was reclassified to cost of sales and $1.4 million was reclassified to equity in net earnings of investments accounted for under the equity method.

•The reclassification of net losses of $0.4 million related to pension and postretirement benefits, of which $2.1 million was reclassified into net periodic benefit cost, offset by a $1.7 million gain reclassified to equity in net earnings of investments accounted for under the equity method.

•The reclassification of losses of $1.7 million related to foreign currency translation which was reclassified to equity in net earnings of investments accounted for under the equity method.

For the year ended December 31, 2020, amounts reclassified out of accumulated other comprehensive loss includes $1.3 million of losses reclassified into net periodic benefit cost.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

REDEEMABLE NONCONTROLLING INTERESTS

12 Months Ended

Dec. 31, 2021

Temporary Equity Disclosure [Abstract]

REDEEMABLE NONCONTROLLING INTERESTS

For certain consolidated subsidiaries, the Company owns a controlling equity stake, and a third party or key member of the business’ management team owns a minority portion of the equity. The financial position and financial performance of these subsidiaries are included in Dole’s consolidated balance sheets and statements of operations, and consolidated net income is adjusted in the consolidated statements of operations to exclude the proportionate share of results attributable to the NCI. Some of this NCI is subject to redemption features, such as put options, and is considered redeemable NCI. Equity attributable to the redeemable NCI is presented as mezzanine equity within the consolidated balance sheets, and the proportionate share of NCI not subject to a redemption provision that is outside of Dole’s control is presented as equity in the consolidated balance sheets.

The following table presents the changes in redeemable NCI for each of the years ended December 31, 2021 and December 31, 2020:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	30,891
Share of net income	4,500
Share of items recognized in other comprehensive income (loss)	(1,190)
Dividends paid to redeemable noncontrolling interest holders	(6,444)
Acquired redeemable noncontrolling interest	(4,331)
Accretion to redemption value recognized in additional paid-in capital	7,606
Foreign exchange impact	(715)
Balance as of December 31, 2020	30,317
Share of net income	3,304
Share of items recognized in other comprehensive income (loss)	(1,054)
Dividends paid to redeemable noncontrolling interest holders	(5,972)
Accretion to redemption value recognized in additional paid-in capital	6,332
Foreign exchange impact	(151)
Balance as of December 31, 2021	$	32,776

As of December 31, 2021, the balance of $32.8 million represents the carrying value of the redeemable NCI in the consolidated balance sheets. The total redemption value of the instruments was $36.8 million, had the options been exercised at December 31, 2021.

INVESTMENTS IN UNCONSOLIDATED AFFILIATES

12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENTS IN UNCONSOLIDATED AFFILIATES

As of December 31, 2021, following the Acquisition and derecognition of Legacy Dole as an equity method investment, Dole’s investments in unconsolidated affiliates were $128.4 million, of which $126.5 million represented equity method investments, and $1.9 million represented cost method investments. There are no significant investees in which Dole holds 20% or more of their voting stock that are not accounted for using the equity method of accounting. As of December 31, 2020, Dole’s investments in unconsolidated affiliates were $458.6 million, of which $340.5 million represented the investment in Legacy Dole. All investments represented equity method investments.

Dole’s consolidated net income includes its proportionate share of the net income or loss of equity method investments in affiliates. When Dole records its proportionate share of net income, it increases earnings from equity method investments in the consolidated statements of operations and the carrying value in that investment in the consolidated balance sheets. Conversely, when Dole records its proportionate share of a net loss, it decreases earnings from equity method investments in the consolidated statements of operations and the carrying value in that investment in the consolidated balance sheets. Cash dividends received from cost method investments are recorded in other income (expense), net and have historically not been significant.

Investments in unconsolidated affiliates


	December 31, 2021		December 31, 2020

	(U.S. Dollars in thousands)
Equity method investments	$	126,534	$	458,557
Cost method investments	1,873		—
Investments in unconsolidated affiliates	$	128,407	$	458,557

Significant equity method investees and respective ownership interests as of December 31, 2021 and December 31, 2020 were as follows:


	December 31, 2021	December 31, 2020
	Ownership Interest
The Fresh Connection LLC	50%	50%
2451487 Ontario Inc.	50%	50%
2451490 Ontario Inc.	50%	50%
Frankort & Koning Beheer Venlo BV	50%	50%
Frutas IRU S.A.	50%	50%
Exportadora y Servicios El Parque Limitada	50%	50%
Steglinge AB	50%	50%
Vezet Convenience Nordic AB	50%	50%
Fruity Line Nordic AB	50%	50%
Bananera Tepeyac, S.A	50%	—%
Delica North America Inc	50%	50%
African Blue	10%	10%
Peviani SpA	—%	50%
DFC Holdings LLC	—%	45%

No cost method investees are significant to Dole. One of the Company’s equity method investees, El Parque, is a fresh produce business that represents a VIE. See Note 24 “Variable Interest Entities” for additional detail on the Company’s VIEs.

Legacy Dole

Prior to the Acquisition described in Note 4 “Business Combination and Transactions”, Total Produce had a 45% equity ownership interest in Legacy Dole, with a carrying value at the time of Acquisition of approximately $259.0 million. As a part of the Acquisition, Legacy Dole became a subsidiary of Dole plc and the acquiree of Total Produce. As such, Legacy Dole results are included in the consolidated results of the Company from the Acquisition Date to December 31, 2021.

A rollforward of the carrying amount of Total Produce’s 45% investment in Legacy Dole as of December 31, 2021 and December 31, 2020 was as follows:


	Amount
	(U.S. Dollars in thousands)
Carrying amount as of December 31, 2019	$	313,289
Share of net income	21,868
Share of other comprehensive income	4,551
Share of repayment of receivable from affiliates	777
Carrying amount as of December 31, 2020	340,485
Share of net income	38,874
Share of other comprehensive income	3,999
Share of repayment of receivable from affiliates	469
Impairment	(122,926)
Equity method investment becoming subsidiary	(259,000)
Foreign exchange impact	(1,901)
Carrying amount as of December 31, 2021	$	—

Summarized financial information for Legacy Dole for the period from January 1, 2021 to July 29, 2021 and for the years ended December 31, 2020 and December 31, 2019 and as of December 31, 2021 and December 31, 2020 are as follows in the tables below. Unless otherwise noted, the results included herein represent Legacy Dole’s operations rather than the share attributable to the Company.


	Period Ended		Year Ended
	July 29, 2021		December 31, 2020		December 31, 2019
Summary Statements of Operations:	(U.S. Dollars in thousands)
Revenues, net	$	2,878,597	$	4,671,999	$	4,515,955
Cost of sales	(2,601,253)		(4,306,200)		(4,161,393)
Selling, marketing, general and administrative expenses	(124,417)		(189,912)		(183,657)
Net interest expense	(36,998)		(72,906)		(82,072)
Earnings (loss) from equity method investments	27		2,149		(378)
Other income (expense), net	2,859		(29,305)		(3,316)
Income tax expense	(30,557)		(25,332)		(25,122)
Loss from discontinued operations	—		(43)		(2,500)
Less: Net income attributable to noncontrolling interests	(1,872)		(1,854)		(2,205)
Net income attributable to equity shareholders	$	86,386	$	48,596	$	55,312
Dole plc share of net income attributable to equity shareholders	$	38,874	$	21,868	$	24,890


	July 29, 2021		December 31, 2020
Summary Balance Sheets:	(U.S. Dollars in thousands)
Current assets	$	927,026	$	784,231
Intangible assets	278,079		278,093
Property, plant and equipment	1,094,605		1,093,355
Operating lease right-of-use assets	224,451		232,067
Assets held-for-sale	5,357		48,543
Other non-current assets	157,891		108,297
Debt	(1,378,473)		(1,247,522)
Operating lease liabilities	(221,072)		(229,220)
Other non-current liabilities	(332,931)		(348,956)
Other current liabilities	(626,609)		(683,542)
Noncontrolling interest	(10,252)		(9,367)
Net assets	118,072		25,979
Total Produce share of net assets	53,132		11,691
Goodwill	328,794		328,794
Impairment recognized upon the Acquisition	(122,926)		—
Carrying amount of investment	$	259,000	$	340,485

Prior to the Acquisition Date, the Company did not provide any financial support to Legacy Dole that the Company was not contractually obligated to provide nor any guarantees in respect of debt issued by Legacy Dole.

The following table presents the Company’s maximum exposure to loss in Dole as a VIE as of July 29, 2021 and December 31, 2020:


	July 29, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Carrying value of equity investment in Legacy Dole	$	259,000	$	340,485
Maximum exposure to loss	259,000		340,485

The maximum exposure to loss represents the amount that would have been absorbed by the Company in the event that all of the assets held in the VIE had no value.

The following table presents sales to and purchases from Legacy Dole for the period from January 1, 2021 to July 29, 2021 and for the years ended December 31, 2020 and December 31, 2019:


	Period Ended		Year Ended
	July 29, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Sales	$	9,974	$	8,900	$	4,600
Purchases	30,856		49,000		21,600

The following table presents amounts due from and to Legacy Dole as of July 29, 2021 and December 31, 2020:


	July 29, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Amounts due from Legacy Dole presented within accounts receivable	1,800		1,298
Amounts due to Legacy Dole presented within accounts payable	$	8,700	$	2,627

Investments in Other Unconsolidated affiliates

A rollforward of the carrying amount of Dole’s equity and cost method investments, other than Legacy Dole, as of December 31, 2021 and December 31, 2020 was as follows:


	Amount
	(U.S. Dollars in thousands)
Carrying amount as of December 31, 2019	$	115,886
Share of income after tax	15,168
Equity method investment becoming a subsidiary	(5,328)
Dividends declared	(15,292)
Foreign exchange impact and other	7,638
Carrying amount as of December 31, 2020	118,072
Share of income after tax	14,851
Acquisition of Legacy Dole investments	22,314
Other additions	3,242
Gain on step-up acquisition of other equity method investments	7,670
Equity method investments becoming subsidiaries	(11,970)
Disposals	(9,537)
Dividends declared	(10,611)
Foreign exchange impact and other	(5,624)
Carrying amount as of December 31, 2021	$	128,407

During the year ended December 31, 2020, the Company’s additions were not material.

The Company recognized income tax expense of $0.8 million and $1.6 million during the year ended December 31, 2021 and December 31, 2020, respectively, related to equity method investments.

Equity method investees becoming subsidiaries

In addition to the acquisition of Legacy Dole, the Company purchased additional shares in equity method investees, which resulted in the investees being consolidated as subsidiaries of the Company from the date of acquisition of additional shares. For the year ended December 31, 2021, the following step-up acquisitions occurred:

•Moorberries BV: A grocery wholesaler based in the Netherlands, in which the Company acquired a 100% ownership interest.

•Fruktimporten Stockholm: A grocery wholesaler based in Sweden, in which the Company acquired an 83.2% ownership interest.

•OTC Organics BV: A company that specializes in organically grown products based in the Netherlands, in which the Company acquired a 100% ownership interest.

The aggregate total carrying value of these investees was $4.3 million as of the respective acquisition dates. As part of these acquisitions, the Company paid an aggregate $8.1 million in cash consideration. The total gain from these step-up acquisitions was $7.7 million, and goodwill recorded was $15.2 million after considering the original fair value of the investment held.

During the year ended December 31, 2020, the Company acquired additional shares in Eco Farms, a company based in the U.S. that specializes in avocado production, which resulted in Eco Farms becoming a subsidiary at an ownership percentage of 65%. Prior to the acquisition, the total carrying value of this investee was $5.3 million. The Company paid $5.9 million in cash consideration and $0.7 million in contingent consideration. There was no gain or loss recognized for this step-up acquisition.

Disposal of equity method investee

During the year ended December 31, 2021, the Company disposed of the Peviani joint venture, which had a carrying value of $9.4 million as of the disposal date. As a result of this disposal, the Company recognized a $1.1 million gain. Other disposals of equity method investments were not material for the year ended December 31, 2021.

Summarized Financial Information - Other Investments

Summarized financial information for all other equity method investments for the years ended December 31, 2021, December 31, 2020 and December 31, 2019 and as of December 31, 2021 and December 31, 2020 are as follows in the tables below. Unless stated otherwise, the information reflects the amounts reported in the financial statements of the other entities rather than the share attributable to the Company.


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
Summary Statements of Operations:	(U.S. Dollars in thousands)
Revenues, net	$	1,760,608	$	1,605,660	$	1,621,362
Cost of sales	(1,601,557)		(1,383,617)		(1,391,192)
Other activity	(123,603)		(187,547)		(210,467)
Net income	$	35,448	$	34,496	$	19,703
Net income attributable to Dole plc	$	14,851	$	15,168	$	13,035


	December 31, 2021		December 31, 2020
Summary Balance Sheets:	(U.S. Dollars in thousands)
Current assets	$	343,000	$	382,187
Non-current assets	325,094		309,192
Current liabilities	(243,986)		(288,712)
Non-current liabilities	(147,583)		(140,590)
Noncontrolling interest	(2,686)		(3,900)
Net assets	$	273,839	$	258,177
Dole plc share of net assets	99,533		88,944
Goodwill	27,001		29,128
Carrying amount of investments	$	126,534	$	118,072

Transactions with Other Unconsolidated affiliates

The following table presents sales to and purchases from other equity method investees for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

	(U.S. Dollars in thousands)
Sales	$	110,797	$	104,721	$	101,628
Purchases	141,975		64,204		101,130

The following tables presents amounts due from and to equity method investees as of December 31, 2021 and December 31, 2020:


	December 31, 2021		December 31, 2020

	(U.S. Dollars in thousands)
Amounts due from equity method investees presented within accounts receivable	$	30,703	$	3,790
Amounts due to equity method investees presented within accounts payable	13,897		17,477

Reconciliation to Equity in Net Earnings of Investments Accounted for Under the Equity Method

The following table provides a reconciliation to equity in net earnings of investments accounted for under the equity method in the consolidated statements of operations for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Share in net earnings of investments accounted for under the equity method - Other than Legacy Dole	$	14,851	$	15,168	$	13,035
Share in net earnings of investments accounted for under the equity method - Legacy Dole	38,874		21,868		24,890
Deferred income tax expense related to Legacy Dole	(10,441)		(6,757)		(982)
Share in net earnings of investments accounted for under the equity method	43,284		30,279		36,943
Impairment of original 45% investment in Legacy Dole	(122,926)		—		—
Gain on preexisting contractual arrangements with Legacy Dole	93,000		—		—
Gain on release of deferred tax reserves attributable to Legacy Dole	20,124		—		—
Gain on release of Legacy Dole indemnities	4,403		—		—
Gain on release of cumulative equity reserves attributable to Legacy Dole	1,376		—		—
Net impact of step-up acquisition in Legacy Dole	(4,023)		—		—
Gain on step-up acquisition of other equity method investments	7,670		—		—
Gain on disposal of equity method investment	1,096		—		—
Equity in net earnings of investments accounted for under the equity method	$	48,027	$	30,279	$	36,943

VARIABLE INTEREST ENTITIES	12 Months Ended
VARIABLE INTEREST ENTITIES	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITIES	VARIABLE INTEREST ENTITIES Judgement is used when determining (i) whether an entity is a VIE; (ii) who are the variable interest holders; (iii) the elements and degree of control that each variable interest holder has; and (iv) ultimately which party is the primary beneficiary (“PB”). Unconsolidated VIEs The VIEs in which Dole has variable interests but is not the PB are not consolidated and are accounted for using the equity method of accounting. The Company holds variable interests in a fresh produce business considered a VIE in which it is not the PB, El Parque. On December 16, 2016, the Company acquired 50.0% of the series A shares and 50.1% of the series B shares in El Parque, with remaining series A shares held by Inversiones Dona Isidora Limitada (“IDI”) and remaining series B shares held by individual investors. The El Parque board of directors comprises two members, one from Dole and one from IDI, so Dole has majority ownership through its series A and series B share holdings but not majority representation on the board. Thus voting interest and economic interest are not proportionate. Dole and IDI both have equal management representation on the board and equity participation, as only series A shares have voting rights. Further, all significant activities of El Parque are managed by the unanimous consent of the board. Therefore, Dole does not meet the power criteria required to be considered the PB nor holds a controlling financial interest in El Parque. During the years ended December 31, 2021, December 31, 2020 and December 31, 2019, the Company did not provide any financial support to or guarantees in respect of debt issued by El Parque. Dole’s maximum exposure to loss represents the amount that would be absorbed by the Company in the event that all assets held in El Parque had no value. As of December 31, 2021 and December 31, 2020, Dole’s maximum exposure to loss in El Parque was equivalent to the carrying value of its investment in the entity of $8.5 million and $7.9 million, respectively. Prior to the Acquisition, Legacy Dole was also a VIE in which the Company was not the PB. Legacy Dole was determined to be a VIE as the Company’s voting interest and economic interest were not proportionate. See Note 23 “Investments in Unconsolidated Affiliates” for further detail. Consolidated VIEs Dole consolidates the results of one VIE, EurobananCanarias S.A. (“EBC”), a Canary Islands fruit produce business, as Dole holds 50.0% of its shares and is deemed to be the PB. Since EBC’s incorporation in 1993, Dole has had an economic interest of 50.0% and a power to appoint its managing director, who influences all decisions related to operations. Dole’s economic interest is not equal to the Company’s voting interest (decision making right for all relevant activities), thus, the conditions of Dole being the PB are met, and EBC is consolidated. Dole has not provided any financial or other support to EBC during the periods presented within the consolidated financial statements.

CONTINGENT CONSIDERATION

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

CONTINGENT CONSIDERATION

Total contingent consideration as of December 31, 2021 and December 31, 2020 amounted to $7.3 million and $10.7 million, respectively. Dole’s contingent consideration represents the provision for the net present value of the amounts expected to be payable for acquisitions which are subject to earn-out arrangements and is expected to be paid between 2022 and 2028.

A rollforward of contingent consideration for the years ended December 31, 2021 and December 31, 2020 was as follows:


	Amount

	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	16,667
Payments	(7,729)
Additions	658
Remeasurement loss	519
Foreign exchange impact	583
Balance as of December 31, 2020	10,698
Payments	(5,031)
Additions	944
Remeasurement loss	1,036
Foreign exchange impact	(387)
Balance as of December 31, 2021	$	7,260

EARNINGS (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share

Basic earnings (loss) per share is calculated by dividing the net income (loss) for the period attributable to shareholders of the Company by the weighted average number of shares outstanding during the period, excluding shares purchased by the Company and held as treasury shares. The weighted average number of shares used within the calculation for the years ended December 31, 2021, December 31, 2020 and December 31, 2019, was adjusted for the impact of the Total Produce seven to one share exchange for existing shareholders that occurred immediately prior to the Merger and IPO Transaction. See Note 21 “Stockholders’ Equity” for a rollforward of shares, including the seven to one share exchange. The following table presents basic earnings (loss) per share for each of the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

	(U.S. Dollars and shares in thousands, except per share amounts)
Net income (loss) attributable to Dole plc	$	(7,219)	$	52,488	$	55,060
Weighted average number of shares – basic	72,190		55,509		55,497
Net income (loss) per share attributable to Dole plc - basic	$	(0.10)	$	0.95	$	0.99

Diluted earnings (loss) per share

Diluted earnings (loss) per share is calculated by dividing the net income (loss) for the period attributable to shareholders of the Company by the weighted average number of shares outstanding after adjustment for the impact of all stock options and RSUs with a dilutive effect. The Company uses the treasury stock method to calculate the dilutive effect of outstanding equity awards in the denominator for diluted earnings (loss) per share. The weighted average number of shares used within the calculation for the years ended December 31, 2021, December 31, 2020 and December 31, 2019, was adjusted for the impact of the Total Produce seven to one share exchange for existing shareholders that occurred immediately prior to the Merger and IPO Transaction. The following table presents diluted earnings (loss) per share for each of the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

	(U.S. Dollars and shares in thousands, except per share amounts)
Net income (loss) attributable to Dole plc	$	(7,219)	$	52,488	$	55,060
Weighted average number of shares - basic	72,190		55,509		55,497
Effect of share options with a dilutive effect	—		83		117
Weighted average number of shares - diluted	72,190		55,592		55,614
Net income (loss) per share attributable to Dole plc - diluted	$	(0.10)	$	0.94	$	0.99

The average market value of the Company’s shares used for the purpose of calculating the dilutive effect of share options is based on quoted market prices for the period during which the options were outstanding during the year ended December 31, 2021. The calculation of diluted earnings (loss) per share for the year ended December 31, 2021 does not include the effect of share options issued under the Plans described in Note 21 “Stockholders’ Equity” because to do so would be antidilutive.

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Dole evaluated subsequent events through March 22, 2022, the date that Dole’s consolidated financial statements were issued. On January 7, 2022, Dole issued a voluntary recall of certain packaged salads processed at the Fresh Vegetables segment’s Springfield, Ohio and Soledad, California plants containing product harvested using a specific piece of equipment due to a possible contamination of that equipment by Listeria occurring in the natural environment. Operations were not suspended at these locations as a result of the recall. Total expected exceptional costs in fiscal year 2022 for this recall and the reduced plant operations in Bessemer City, North Carolina and Yuma, Arizona that continued after this recall are approximately $15.0 million. The actual impact of potential customer and legal claims and other related costs is uncertain and, thus, subject to change. On January 7, 2022, Dole paid a cash dividend of $0.08 per share totaling $7.6 million to shareholders for the third quarter dividend declared on December 2, 2021. The Company completed sales of 391 acres of land classified as actively marketed property during January, February and early March of 2022. The total proceeds from these sales was approximately $14.6 million. On March 14, 2022, the Board of Directors of Dole plc declared a cash dividend for the fourth quarter of 2021 of $0.08 per share, payable on April 12, 2022, to shareholders of record on March 29, 2022.

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition: Revenue is recognized when a performance obligation is satisfied as control of a good or service is transferred to a customer in the amount expected to be entitled at transfer. For each customer contract, the performance obligations are identified, the transaction price is allocated to the individual performance obligations, and revenue is recognized when these performance obligations are fulfilled and control of the good or service is transferred to the customer. The transfer of control of a good or service to customers is based on written sales terms that allow customers right of return when the good or service does not meet certain quality factors. Revenue consists primarily of product revenue, which includes the selling of fresh produce, health foods and consumer goods to third-party customers. Fresh produce comprises two main product categories for fruit, fresh fruit and diversified produce, and two main product categories for vegetables, value added vegetables and fresh packed vegetables. Fresh fruit primarily consists of bananas and pineapples, and diversified produce primarily consists of all other fruit, including berries, deciduous fruit and other fresh fruit whose growing and selling cycles are different than those of the Company’s pineapples and bananas. Value added vegetables primarily include packaged salads and meal kits, and fresh packed vegetables include other vegetables, such as iceberg, romaine, leaf lettuces and celery. Product revenue also includes surcharges for additional product services such as freight, cooling, warehousing, fuel, containerization, handling and palletization related to the transfer of products. The Company also has certain marketing contracts where Dole is the principal, and the related revenue and cost of sales are reported on a gross basis. Product revenues are recognized at a point in time when control of the goods has been transferred to the customer, which can be upon shipping or delivery, depending on the terms of sale. Revenue also includes service revenue, which includes commissions with third-party growers, management fees, third-party freight and royalties for the use of Company brands and trademarks. Additionally, the Company maintains a commercial cargo business where revenue is earned by leasing a Company vessel, leasing available space on a Company vessel or providing handling and transportation services of containerized cargo on Company vessels. Net service revenues were less than 10% of total revenue for the years ended December 31, 2021, December 31, 2020 and December 31, 2019. See Note 5 “Revenue” for additional detail of the Company’s revenue by product and channel. Dole’s incremental costs of obtaining a contract have primarily consisted of sales commissions, and the Company has elected the practical expedient to expense these costs that are related to contracts that are less than one year. These costs are included in selling, marketing and general and administrative expenses in the consolidated statements of operations. If these costs relate to contracts that are greater than one year, the incremental costs are capitalized as a contract asset and amortized over the period from which the contract is obtained until the performance obligations are met. Dole’s contracts are generally less than one year, and incremental costs of obtaining a contract are not material. The Company treats shipping and handling costs that occur after the customer obtains control of the good as a fulfillment cost rather than a service performance obligation. Further, Dole has elected the practical expedient to exclude sales and other taxes imposed by government authorities on revenue-producing transactions from the transaction price. The period between the transfer of a promised good or service to a customer and customer payment is expected to be less than one year and, as such, Dole has elected the practical expedient to not adjust the promised amount of consideration for the effects of a significant financing component. Revenue is recorded net of any sales allowances, sales promotions and sales incentives. Sales allowances are calculated based on historical claims information. Dole offers sales promotions and sales incentives to its customers (resellers) and to its consumers. Sales promotions are temporary price reductions on third-party sales, and sales incentives include consumer coupons and discounts, volume and timing rebates and product placement fees. Estimated sales discounts are recorded in the period in which the related sale is recognized. Volume rebates are recognized in the period of sale as a reduction of revenue based on Dole’s estimate of sales volume over the term of the arrangement. All other sales incentives are estimated using both historical trends and current volumes and assumptions. The Company also enters cooperative advertising arrangements in which Dole refunds a retailer for a portion of the costs incurred to advertise Dole’s products. The value of these arrangements is treated as a reduction of revenue, unless the arrangement is in exchange for a distinct good or service, in which case, these amounts are recorded in selling, marketing and general and administrative expenses in the consolidated statements of operations. Adjustments to sales estimates are made periodically as new information becomes available and actual sales volumes become known. Adjustments to these estimates have historically not been significant to Dole.
Cost of Sales	Cost of Sales: Cost of sales primarily consists of costs associated with the production or purchasing of inventory, packaging materials, labor, depreciation, overhead, transportation and other distribution costs. Cost of sales also includes recurring agricultural costs and shipping and handling costs, which are detailed below.
Agricultural Costs	Agricultural Costs: Plant costs, including seeds, trees, vines and stems and preproduction costs, including land preparation, pre-planting and planting costs, are generally capitalized into inventory and charged to cost of sales when the related crop is harvested and sold, with the exception of pineapples, in which the costs are expensed as incurred. Certain plant and preproduction costs are capitalized to property, plant and equipment, depending on the crop, and charged to cost of sales over the life. All land development costs, including farm and soil improvements, are capitalized to property, plant and equipment. The useful lives for plant, preproduction and land development costs capitalized to property, plant and equipment are 2 to 25 years and are based on historical yields, climate and weather conditions and likelihood of disease and pest interference. Recurring agricultural costs after the preproduction period, including ongoing pruning, fertilization, watering and farm labor, are generally capitalized into inventory and charged to cost of sales when the related crop is harvested and sold, with the exception of pineapples and bananas, in which the costs are expensed as incurred, due to the continuous nature of costs incurred throughout the year. As a result of the Acquisition, certain Legacy Dole pineapple and banana costs were recognized into inventory at fair value to reflect the biological transformation of these crops. The fair value uplift related to these crops was reversed and recognized to cost of sales on a straight-line basis over the remaining growth and harvest cycle, which was complete as of December 31, 2021. Total incremental charges to cost of sales related to this uplift was $35.2 million for the year ended December 31, 2021. Similarly, certain plant and preproduction costs related to pineapples were recognized at fair value into property, plant and equipment to reflect the value associated with the pineapple bearer plant. A portion of the fair value uplift related to these pineapple bearer plants was reversed and recognized to cost of sales on a straight-line basis as of December 31, 2021, and the remaining uplift will continue to be reversed and recognized to costs of sales on a straight-line basis over the remaining life of these plants. Total incremental charges to cost of sales related to this uplift was $29.6 million for the year ended December 31, 2021. See Note 4 “Business Combinations and Transactions” for additional detail.
Shipping and Handling Costs	Shipping and Handling Costs: Amounts billed to third-party customers for shipping and handling are included as a component of revenues. Shipping and handling costs incurred are included as a component of cost of sales and represent fulfillment costs incurred by Dole to ship products from the sourcing locations to the end customer and are not considered separate performance obligations.
Value-Added Taxes	Value-Added Taxes: Value-added taxes that are collected from customers and remitted to taxing authorities are excluded from revenues and cost of sales. Receivables related to value-added taxes are included within other receivables, net, and other assets in the consolidated balance sheets.
Marketing and Advertising Costs	Marketing and Advertising Costs: Marketing and advertising costs, which include media, production and other promotional costs, are generally expensed in the period in which the marketing or advertising first takes place. Marketing and advertising costs, included in selling, marketing and general and administrative expenses in the consolidated statements of operations, amounted to $10.6 million, $5.3 million and $5.8 million for the years ended December 31, 2021, December 31, 2020 and December 31, 2019, respectively.
Research and Development Costs	Research and Development Costs: Research and development costs are expensed as incurred and are included in cost of sales or selling, marketing and general and administrative expenses in the consolidated statements of operations. Research and development costs amounted to $5.8 million for the year ended December 31, 2021 and were not material for the years ended December 31, 2020 and December 31, 2019.
Restructuring Costs	Restructuring Costs: Restructuring costs are expensed as incurred and included in cost of sales or selling, marketing, general and administrative expenses in the consolidated statements of operations. Restructuring charges were not material for the years ended December 31, 2021, December 31, 2020 and December 31, 2019.
Merger, Transaction and Other Related Costs	Merger, Transaction and Other Related Costs: Dole records and separately states merger, transaction and other related costs to reflect non-recurring acquisition and merger-related activities. These costs were approximately $30.1 million for the year ended December 31, 2021 and primarily relate to the Merger and IPO Transaction. These costs were not significant for the years ended December 31, 2020 and December 31, 2019.
Gain (Loss) on Asset Sales	Gain (Loss) on Asset Sales: Gain (loss) on asset sales primarily consists of gains and losses incurred through the disposal of assets held-for-sale and actively marketed property and other property disposed in the ordinary course of business. All assets held-for-sale and actively marketed property held during the year ended December 31, 2021 represented Legacy Dole properties and were recognized at fair value as a result of the Acquisition. Therefore, no gains or losses were recognized for the disposal of assets held-for-sale and actively marketed property for the year ended December 31, 2021, as the fair values of the disposed properties approximated their ultimate disposal value. There were also no gains and losses on the disposal of assets held-for-sale and actively marketed property for the years ended December 31, 2020 and December 31, 2019. See Note 11 “Assets Held-For-Sale and Actively Marketed Property” for additional detail. Other gains and losses include disposals of other property in the ordinary course of business and have not historically been significant.
Gain (Loss) on Disposal of a Business	Gain (Loss) on Disposal of Businesses: Dole records and separately states the net gain (loss) related to the disposal of businesses or subsidiaries. These disposals are the result of a business no longer meeting the strategic objective of the Company. While a divestiture may impact the operating results of the Company, the net impact of these disposals has not historically been significant.
Interest Income	Interest Income: Interest income comprises interest from funds invested and other receivables, such as grower advances, and is recognized using the effective interest method over the term of the underlying agreement.
Interest Expense	Interest Expense: Interest expense comprises interest on borrowings, amortization of discounts and issuance costs related to borrowings, interest on finance lease liabilities, debt extinguishment costs and arrangement fees.
Income Taxes	Income Taxes: Dole accounts for deferred taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statement carrying amount and the tax basis of assets and liabilities, using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. A valuation allowance is provided for deferred tax assets for which it is deemed more likely than not that future taxable income will not be sufficient to realize the related income tax benefits from these assets. The Company recognizes the benefit of a tax position only to the extent that it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. If the tax position is deemed more-likely-than-not to be sustained, the tax position is then assessed to determine the amount of benefit to recognize in the consolidated financial statements. The amount of the benefit that is recognized is the largest amount that is greater than 50% likely of being realized upon settlement. Income tax expense includes the effects of any resulting tax reserves, or unrecognized tax benefits, that are considered appropriate as well as the related net interest and penalties. In respect to undistributed earnings for foreign subsidiaries, where those earnings are considered to be either indefinitely reinvested, or the earnings could be distributed tax free, no deferred tax liability have been provided thereon. The Company releases stranded income tax effects from accumulated other comprehensive loss as individual items in accumulated other comprehensive loss are settled or otherwise disposed.
Discontinued Operations	Discontinued Operations: Dole determines whether a disposal of a component or a group of components of Dole is required to be presented as discontinued operations, when the disposal represents a strategic shift that had, or will have, a major effect on Dole’s operations and financial results. A component of an entity comprises operations and cash flows that can be clearly distinguished both operationally and for financial reporting purposes. There was no income or loss from discontinued operations for the years ended December 31, 2021, December 31, 2020 and December 31, 2019.
Earnings per share	Earnings per share: Basic earnings per share is calculated by dividing the net income attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period, excluding any shares purchased by the Company and held as treasury shares. Diluted earnings per share is calculated by dividing the net income or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding, after the adjustment for the effects of potentially issuable shares, such as restricted stock units and stock options with a dilutive effect.
Operating and Reportable Segments	Operating and Reportable Segments: Operating segments, defined as components of the Company that engage in business activities from which they earn revenue and incur expenses, are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker (“CODM”). The CODM, who is responsible for assessing performance and allocating resources amongst operating segments, is defined as the Chief Executive Officer (“CEO”) and Chief Operating Officer (“COO”). Dole was re-organized and segment results adjusted to reflect the following segments of the Company - Fresh Fruit, Diversified Fresh Produce - Europe, the Middle East and Africa (“Diversified Fresh Produce - EMEA”), Diversified Fresh Produce - Americas and the Rest of the World (“Diversified Fresh Produce - Americas & ROW”) and Fresh Vegetables. See further detail on operating and reporting segments in Note 6 “Segments”.
Cash and Cash Equivalents	Cash and Cash Equivalents: Cash and cash equivalents consist of cash on hand and highly liquid investments, primarily money market funds and time deposits, with original maturities of three months or less. Whenever outstanding checks exceed cash balances, the balance of the book overdraft is reclassified to accounts payable in the consolidated balance sheets.
Short-Term and Long-Term Investments	Short-Term and Long-Term Investments: Dole sponsors various non-qualified benefit and executive compensation plans, with plan assets held in Rabbi Trusts. Short-term investments include the portion of the Rabbi Trust securities portfolio that approximates the short-term liability of the frozen non-qualified Supplemental Executive Retirement Plan (“SERP”) defined benefit plan and the total liability of the non-qualified deferred compensation Excess Savings Plan (“ESP”). Long-term investments include the portion of the Rabbi Trust securities portfolio that will be used to fund a portion of the long-term liability of the SERP plan. Securities are recorded at fair value with realized and unrealized holding gains and losses included in earnings. Dole estimates the fair value of its investments using prices provided by its custodian. See Note 18 “Fair Value Measurements” for fair value disclosures.
Trade Receivables, Grower Advances and Other Receivables	Trade Receivables: Trade receivables less allowances are recognized at net realizable value, which approximates fair value. Credit risk related to trade receivables is mitigated due to the large number of customers dispersed worldwide. To reduce credit risk, Dole performs periodic credit evaluations of its customers but does not generally require advance payments or collateral. Additionally, at least quarterly, Dole estimates expected credit losses for all outstanding trade receivables to determine if a related impairment loss and allowance should be recognized. Expected credit losses for newly recognized trade receivables, as well as changes to existing expected credit losses during the period, are recognized in selling, marketing, general and administrative expenses in the consolidated statements of operations. See Note 8 “Receivables and Allowances for Credit Losses” for further detail on how the Company estimates these credit losses. No individual customer accounted for more than 10% of Dole’s revenue during the years ended December 31, 2021, December 31, 2020 and December 31, 2019, nor accounted for greater than 10% of Dole’s account receivable as of December 31, 2021 and December 31, 2020. In addition, Dole manages the credit risk of a portion of its trade receivables through the use of non-recourse trade receivables arrangements. See Note 8 “Receivables and Allowances for Credit Losses” for further detail. Grower Advances: Dole makes advances to third-party growers for various farming needs. Some of these advances are secured with crop harvests or other collateral owned by the growers. Dole monitors these receivables on a regular basis and estimates expected credit losses, at least quarterly, for all outstanding grower advances to determine if a related impairment loss and allowance should be recognized. These expected credit losses are evaluated on a case-by-case basis and are based on historical credit loss information, among other quantitative and qualitative factors. Grower advances are stated at the gross advance amount less allowances for expected credit losses. Grower advances are disaggregated into short-term advances that mature in one year or less, which are included within grower advance receivables, net, in the consolidated balance sheets and long-term advances that are included in other assets in the consolidated balance sheets. Other Receivables: Other receivables consists primarily of miscellaneous notes receivable, hedging receivables and receivables from governmental institutions. These receivables are recorded at net realizable value. Allowances against receivables are established based on specific account data and factors such as Dole’s historical losses, current economic conditions, age of receivables, the value of any collateral and payment status compared to payment terms. Account balances are written off against the allowance if and when management determines the receivable is uncollectible.
Concentration of Credit Risk	Concentration of Credit Risk: Financial instruments that potentially subject Dole to a concentration of credit risk principally consist of cash equivalents, investments, derivative contracts and grower advances. As discussed above, credit risk related to trade receivables is mitigated through the Company’s large customer base and periodic credit valuations. Dole maintains its cash and investments with high quality financial institutions. The counterparties to Dole’s derivative contracts, which are discussed in greater detail below, are major financial institutions. Grower advances are principally with farming enterprises and are generally secured by the underlying crop harvests or other collateral.
Inventories	Inventories: Inventories are valued at the lower of cost or net realizable value. Costs related to fresh produce are determined on the first-in, first-out basis. Specific identification and average cost methods are also used primarily for certain packing materials and operating supplies. In the normal course of business, the Company incurs certain crop growing costs such as land preparation, planting, fertilization, grafting, pruning and irrigation. Based on the nature of these costs and type of crop production, these costs may be capitalized into inventory. Generally, all recurring direct and indirect costs of growing crops for fresh produce other than bananas and pineapples are capitalized into inventory. These costs are recognized into cost of sales during each harvest period. As discussed in greater detail above, as a result of the Acquisition, certain Legacy Dole pineapple and banana costs were recognized into inventory at fair value to reflect the biological transformation of these crops. The fair value uplift related to these crops was reversed and recognized to cost of sales on a straight-line basis over the remaining growth and harvest cycle, which was complete as of December 31, 2021. Due to the nature of the Company’s inventory, reserves for excess production and obsolescence have not historically been significant. However, losses from the result of subsequent measure of inventory and the related reserve were unusually larger as of December 31, 2021, due to the produce recall and plant suspensions described in more detail in Note 19 “Commitments and Contingencies.” Physical goods that have completed production and are held-for-sale in the ordinary course of business are classified as finished products. Inventories classified as raw materials represent goods that will be consumed in production, such as fresh fruit or vegetables to be modified from their original form and those awaiting packaging, as well as items such as consumer packing, labels and pallets. Goods that are in the course of production are classified as work in progress. Inventories classified as crop growing costs include costs incurred up to the time crops are produced in commercial quantities. In addition, agricultural and other operating supplies that are consumed indirectly in production are also capitalized into inventory, such as ripening agents, fertilizer and fuel.
Assets Held-for-Sale and Actively Marketed Property	Assets Held-for-Sale and Actively Marketed Property: Dole reports a business or assets as held-for-sale when management has approved or received approval to sell the business or assets and is committed to a formal plan, the business or assets are available for immediate sale, the business or assets are being actively marketed, the sale is anticipated to occur during the ensuing year, and the other specified criteria for classification are met. In certain situations when timing of the sale of land is uncertain, Dole classifies such assets as actively marketed property. A business or assets classified as held-for-sale or land classified as actively marketed property are recorded at the lower of their carrying amount or estimated fair value less cost to sell. If the carrying amount exceeds the estimated fair value, a loss is recognized. Depreciation is not recorded on assets classified as held-for-sale or on land improvements associated with actively marketed property. Assets and liabilities related to a business classified as held-for-sale and actively marketed property are segregated in the consolidated balance sheets, and major classes are separately disclosed in the notes to the consolidated financial statements, commencing in the period in which the business or assets are classified as held-for-sale or actively marketed. See Note 11 “Assets Held-For-Sale and Actively Marketed Property” for additional detail.
Investments in Unconsolidated Affiliates	Investments in Unconsolidated Affiliates: Investments in unconsolidated affiliates and joint ventures with ownership of 20% to 50% are recorded using the equity method, provided Dole has the ability to exercise significant influence. In addition, entities in which the Company has variable interests are also recorded using the equity method when it is determined that the Company is not the primary beneficiary in the relationship. Under the equity method of accounting, a share of earnings and losses based on Dole’s ownership percentage in the investment is recorded in earnings each period. Unrealized gains and losses arising from transactions with equity method investments are eliminated to the extent of the Company’s interest in the equity. All material equity method investments have the same fiscal year-end or a fiscal year-end within three months of the Company’s year-end. In the case of the latter, appropriate adjustments are made for the effects of significant transactions or events that occur between that date and the date of Dole’s consolidated financial statements. Where appropriate, the accounting policies of equity method investments have been adjusted to ensure consistency with the policies adopted by Dole. All other unconsolidated investments are recorded at cost less impairment, as their fair value is not readily determinable. As of December 31, 2021 and December 31, 2020, substantially all of Dole’s investments in unconsolidated affiliates have been accounted for under the equity method. Dole evaluates its equity and investments held at cost for impairment when facts and circumstances indicate that the carrying value of such investments may not be recoverable. Dole reviews several factors to determine whether the loss is other than temporary, such as the length and extent of the fair value decline, the financial condition and near-term prospects of the investee and whether Dole has the intent to sell or will be required to sell before the investment’s anticipated recovery. If a decline in fair value is determined to be other than temporary, an impairment charge is recorded in earnings. In the year ended December 31, 2021, the Company recorded an impairment charge related to its investment in Legacy Dole of $122.9 million, as the carrying value of the 45.0% investment was higher than the value of the consideration paid upon the Acquisition. The Company also recognized a gain on the settlement of preexisting contractual arrangements of $93.0 million. The net loss on Legacy Dole arising from the step-up acquisition was $4.0 million, after considering the impairment offset by the gain on the preexisting contractual arrangements, both noted above, and also the release of deferred tax, indemnification and cumulative equity reserves of $20.1 million, $4.4 million and $1.4 million, respectively. During the year ended December 31, 2021, Dole also recorded a fair value gain of $7.7 million, upon the acquisition of other investments previously accounted for under the equity method. The Company also acquires and disposes of investments in unconsolidated affiliates in the normal course of business. In the year ended December 31, 2021, the Company recorded a gain on the disposal of investments accounted for under the equity method of $1.1 million. Dole did not recognize any impairment charges or any gain or loss for investments in unconsolidated affiliates for the years ended December 31, 2020 and December 31, 2019. See Note 23 “Investments in Unconsolidated Affiliates” for additional detail.
Property, Plant and Equipment	Property, Plant and Equipment: Property, plant and equipment is stated at cost plus asset retirement obligations, if any, less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of these assets. Dole reviews long-lived assets to be held and used for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. If an evaluation of recoverability is required, the estimated undiscounted future cash flows directly associated with the asset are compared to the asset’s carrying amount. If this comparison indicates that there is an impairment, the amount of the impairment is calculated by comparing the carrying value to discounted expected future cash flows or comparable market values, depending on the nature of the asset group. Routine maintenance and repairs are expensed as incurred. Dole did not recognize any impairment charges for property, plant and equipment for the years ended December 31, 2021 and December 31, 2019 and recognized an impairment loss of approximately $1.2 million in the year ended December 31, 2020. The impairment related to three properties in the Diversified Fresh Produce - EMEA segment where an analysis of the properties indicated that the carrying amount exceeded the fair value based on quoted market prices. See Note 12 “Property, Plant and Equipment” for additional detail on the major classes of property, plant and equipment and the respective useful lives of the asset classes.
Dry-Docking Costs	Dry-Docking Costs: Dole incurs costs for planned major maintenance activities related to its vessels during regularly scheduled dry dockings that occur approximately every 2 to 7 years, depending on the age of the vessel. Costs incurred during the dry-docking period, such as overhaul costs, are capitalized and amortized to the next overhaul. Costs incurred during the dry-docking period relating to routine repairs and maintenance are expensed as incurred and included in cost of sales in the consolidated statements of operations.
Leases, lessor	Leases: Dole leases fixed assets for use in operations where leasing offers advantages of operating flexibility and is less expensive than alternative types of funding. Dole also leases land in countries where land ownership by foreign entities is restricted or where purchasing is not a viable option. Dole’s leases are evaluated at inception or at any subsequent modification and, depending on the lease terms, are classified as either finance or operating leases. For leases with terms greater than one year, the Company recognizes a related asset (“right-of-use asset”) and obligation (“lease liability”) on the lease commencement date, calculated as the present value of lease payments over the lease term. Right-of-use assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Many of Dole’s leases include rental escalation clauses, renewal options and/or termination options that are factored into the determination of lease payments and lease term when appropriate. Dole’s lease agreements do not contain any residual value guarantees. The majority of Dole’s leases are classified as operating leases. Dole’s principal operating leases are for vessel containers that do not meet finance lease criteria, ports, land and warehouse facilities. Dole’s finance leases primarily consist of vessel containers and machinery and equipment that meet the finance lease criteria. Dole’s decision to exercise renewal options is primarily dependent on the level of business conducted at the location and the profitability of the renewal. The Company has elected to account for lease and non-lease components a single lease component in contracts where Dole is the lessee. When available, the rate implicit in the lease is used to discount lease payments to present value; however, most of Dole’s leases do not provide a readily determinable implicit rate. Therefore, the Company’s incremental borrowing rate is used to discount the lease payments based on information available at lease commencement. When the Company acts as a lessor, for contracts that contains a lease component, the Company allocates the consideration in the contract to each lease component on the basis of their relative standalone prices at inception or modification of the lease. The Company determines at lease inception whether each lease is a finance lease or an operating lease. To classify each lease, the Company makes an overall assessment of whether the lease transfers substantially all of the risks and rewards incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease; if not, then it is an operating lease. As part of this assessment, the Company considers certain indicators such as whether the lease is for the major part of the economic life of the asset. If an arrangement contains lease and non-lease components, then the Company applies ASC 606, Revenue from Contracts with Customers, to allocate the consideration in the contract. Dole recognizes lease payments received under operating leases as income on a straight-line basis over the lease term as a part of other income (expense), net in the consolidated statements of operations.
Leases, lessee	Leases: Dole leases fixed assets for use in operations where leasing offers advantages of operating flexibility and is less expensive than alternative types of funding. Dole also leases land in countries where land ownership by foreign entities is restricted or where purchasing is not a viable option. Dole’s leases are evaluated at inception or at any subsequent modification and, depending on the lease terms, are classified as either finance or operating leases. For leases with terms greater than one year, the Company recognizes a related asset (“right-of-use asset”) and obligation (“lease liability”) on the lease commencement date, calculated as the present value of lease payments over the lease term. Right-of-use assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Many of Dole’s leases include rental escalation clauses, renewal options and/or termination options that are factored into the determination of lease payments and lease term when appropriate. Dole’s lease agreements do not contain any residual value guarantees. The majority of Dole’s leases are classified as operating leases. Dole’s principal operating leases are for vessel containers that do not meet finance lease criteria, ports, land and warehouse facilities. Dole’s finance leases primarily consist of vessel containers and machinery and equipment that meet the finance lease criteria. Dole’s decision to exercise renewal options is primarily dependent on the level of business conducted at the location and the profitability of the renewal. The Company has elected to account for lease and non-lease components a single lease component in contracts where Dole is the lessee. When available, the rate implicit in the lease is used to discount lease payments to present value; however, most of Dole’s leases do not provide a readily determinable implicit rate. Therefore, the Company’s incremental borrowing rate is used to discount the lease payments based on information available at lease commencement. When the Company acts as a lessor, for contracts that contains a lease component, the Company allocates the consideration in the contract to each lease component on the basis of their relative standalone prices at inception or modification of the lease. The Company determines at lease inception whether each lease is a finance lease or an operating lease. To classify each lease, the Company makes an overall assessment of whether the lease transfers substantially all of the risks and rewards incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease; if not, then it is an operating lease. As part of this assessment, the Company considers certain indicators such as whether the lease is for the major part of the economic life of the asset. If an arrangement contains lease and non-lease components, then the Company applies ASC 606, Revenue from Contracts with Customers, to allocate the consideration in the contract. Dole recognizes lease payments received under operating leases as income on a straight-line basis over the lease term as a part of other income (expense), net in the consolidated statements of operations.
Goodwill and Intangible Assets	Goodwill and Intangible Assets: Goodwill represents the excess cost of a business acquisition over the fair value of the net assets acquired, including the amount assigned to identifiable intangible assets. Fair values for goodwill and intangible assets are determined based on discounted cash flows, market multiples or appraised values, as appropriate. Dole tests goodwill for impairment at the reporting unit level annually on the first day of the fourth quarter of each fiscal year and when there is an indicator of impairment. Dole defines each of its four operating business segments as reporting units for purposes of evaluating goodwill for impairment: Fresh Fruit, Diversified Fresh Produce – EMEA, Diversified Fresh Produce – Americas & ROW and Fresh Vegetables. Dole’s indefinite-lived intangible assets, primarily consisting of the DOLE brand, are considered to have an indefinite life, because they are expected to generate cash flows indefinitely and, as such, are not amortized. Indefinite-lived intangible assets are reviewed for impairment annually on the first day of the fourth quarter of each fiscal year, or more frequently if certain impairment indicators arise. Dole’s definite-lived intangible assets include customer relationships, supplier relationships and local brands, that are initially recorded at fair value and amortized on a straight-line basis over 3 to 15 years. During the years ended December 31, 2021, December 31, 2020 and December 31, 2019, Dole assessed qualitative and quantitative factors to determine whether it was more likely than not that the fair value of each reporting unit was less than its carrying value. Qualitative factors includes market considerations, overall financial performance and other relevant events and factors affecting the reporting unit. Quantitative factors include forecasted revenue and margin and the determination of recoverable amounts. Based on the impairment tests performed in each year, the Company determined that it was not more likely than not that the fair value of each reporting unit was less than its carrying value. See Note 13 “Goodwill and Intangible Assets” for additional detail.
Bank Overdrafts	Bank Overdrafts: The Company and its subsidiaries have a number of bank overdraft facilities which are primarily used to fund seasonal working capital requirements. The total of these facilities as of December 31, 2021 and December 31, 2020 was $9.4 million and $11.2 million, respectively. The facilities contain covenants customary for unsecured facilities of this kind, including financial covenants on maximum leverage and minimum interest cover. Bank overdrafts are classified as a current liability in the consolidated balance sheets. See Note 14 “Notes Payable, Bank Overdrafts and Long-Term Debt” for additional detail.
Debt	Debt: Debt is carried at the principal amount borrowed, including unamortized discounts and premiums and debt issuance costs, when applicable. Debt discounts and issuance costs are amortized over the term of the debt agreement using the effective interest method. Debt discounts and issuance costs are presented as a direct reduction of debt in the consolidated balance sheets, except for those issuance costs related to line-of-credit arrangements which are recorded as a prepaid asset in the consolidated balance sheets. See Note 14 “Notes Payable, Bank Overdraft and Long-Term Debt” for additional detail.
Workers Compensation and Loss Reserves	Workers Compensation and Loss Reserves: Dole self-insures certain losses arising out of workers compensation claims. Dole establishes workers compensation accruals for its self-insured programs based upon reported claims in process and actuarial estimates for losses incurred but not reported. Loss reserves, including incurred but not reported reserves, are estimated using actuarial methods, and ultimate settlements may vary significantly from such estimates due to increased claims frequency or the severity of claims and are recorded in accrued liabilities or other long-term liabilities in the consolidated balance sheets, depending on the estimate of the timing of settlement.
Derivative Financial Instruments, Fair Value Hedges and Cash Flow Hedges	Derivative Financial Instruments: Dole also holds derivative instruments to hedge against risks in foreign currency exchange, fuel costs and interest rates on long-term borrowings. Dole estimates the fair value of its derivatives, including any credit valuation adjustments, using market-based inputs. During the year ended December 31, 2021, Dole entered into interest rate swaps that qualified for hedge accounting and designated them as hedging instruments. All realized gains and losses under the interest rate swaps and other designated cash flow hedges are included in earnings in the consolidated statements of operations, and unrealized gains and losses are included in other comprehensive income (loss). For all other hedges not designated as hedging instruments, all realized and unrealized gains and losses are recorded in the same line item within the consolidated statements of operations as the activity that is being hedged from a financial risk management perspective. See Note 17 “Derivative Financial Instruments” for additional detail on derivative instruments. Fair Value Hedges: The Company enters into fair value hedges to hedge foreign currency exposure of certain non-functional currency assets and liabilities. Dole enters into foreign currency forward contracts primarily to hedge the changes in fair value of intercompany loans denominated in a currency other than the U.S. dollar functional currency. During the year ended December 31, 2021, the Company discontinued its fair value hedges. Cash Flow Hedges: The Company enters into cash flow hedges to hedge against variability in certain expected future cash flows related to foreign currency exchange, fuel costs and interest rates on long-term borrowings. Dole enters into foreign currency exchange forward contracts and option contracts to hedge a portion of its forecasted revenue, cost of sales and operating expense. In addition, Dole incurs significant fuel costs transporting products from the sourcing location to the end customer (reseller). To mitigate the price uncertainty of future purchases of bunker fuel, Dole enters into bunker fuel swap contracts. Similarly, in order to mitigate interest rate uncertainty on long-term debt, Dole enters into interest rate swap agreements.
Fair Value of Financial Instruments	Fair Value of Financial Instruments: Dole’s financial instruments primarily comprise cash and cash equivalents, short and long-term investments, short-term trade and grower receivables, trade payables, notes receivable and notes payable, as well as long-term grower receivables, finance lease obligations, asset-based loans, contingent consideration, term loan facilities and notes. The carrying amounts of short-term instruments, excluding Dole’s short-term Rabbi Trust investments that are recorded at fair value, approximate fair value because of the instrument’s short maturity. The carrying amounts of long-term financial instruments, excluding Dole’s secured notes, term loans, contingent consideration and long-term Rabbi Trust investments, approximate fair value, since the instruments bear interest at variable or fixed rates which approximate market rates. See Note 18 “Fair Value Measurements” for additional detail. Dole also holds retirement plan assets which are measured at fair value. Dole estimates the fair value of its retirement plan assets based on quoted market prices, dependent on availability. In instances where quoted market prices are not readily available, the fair value of the investment securities is estimated based on pricing models using observable or unobservable inputs. As a practical expedient, the Company uses net asset value (“NAV”) to measure certain real estate investments without a readily determinable fair value within the Company’s pension asset portfolio. The underlying fund utilizes pricing and valuation information from third-party sources, including independent appraisals. See Note 15 “Employee Benefit Plans” for additional detail.
Foreign Currency Exchange	Foreign Currency Exchange: The functional currency of Dole is the U.S. dollar. For subsidiaries with transactions that are denominated in a currency other than the functional currency, the net foreign currency exchange transaction gains or losses resulting from the translation of monetary assets and liabilities to the functional currency are included in the consolidated statements of operations. Transaction gains and losses were not material in the years ended December 31, 2021, December 31, 2020 and December 31, 2019. Net foreign currency exchange gains or losses resulting from the translation of assets and liabilities of foreign subsidiaries whose functional currency is not the U.S. dollar are recorded as a part of the cumulative translation adjustment in stockholders’ equity.
Share-Based Compensation	Stock-Based Compensation: Stock-based compensation for Dole consists of restricted stock units and stock options. At their grant date, the restricted stock units are valued using the current share price, and the stock options are valued using the Black Scholes pricing model. Stock-based compensation expense is recognized over the requisite service period, which is the vesting period of each award.
Redeemable Noncontrolling Interest ("NCI")	Redeemable Noncontrolling Interest (“NCI”): If a put option is held by a NCI in a subsidiary undertaking, whereby the holder of the put option can require Dole to acquire the NCI's ownership in the subsidiary at a future date, the Company examines the nature of such a put option to determine whether the put option is a separate financial instrument to, or embedded within, the NCI. As the Company’s NCI containing put options have exercise prices based on future earnings of the related consolidated subsidiaries and meet the criteria for mezzanine classification, they are classified as redeemable NCI as mezzanine equity in the consolidated balance sheets. The options do not contain a limit to the amount that the Company could be required to pay upon exercise by the holder, and the embedded put and call features do not meet the criteria for bifurcation. Both permanent and mezzanine-classified NCI are measured at fair value on the acquisition date. Each reporting period, net income and comprehensive income of a consolidated subsidiary is allocated to the controlling interest and NCI. When redemption of a mezzanine-classified NCI becomes probable, the NCI is accreted to its redemption amount with the offset to additional paid-in-capital. These changes are accreted over periods prior to the earliest redemption date or recognized immediately as they occur.
Guarantees	Guarantees: Dole makes guarantees as part of its normal business activities. These guarantees include guarantees of the indebtedness of some of its key fruit suppliers and other entities integral to Dole’s operations. Dole also issues bank guarantees as required by certain regulatory authorities, suppliers and other operating agreements, as well as to support the borrowings, leases and other obligations of its subsidiaries. The majority of Dole’s guarantees relate to guarantees of subsidiary obligations and are scoped out of the initial measurement and recognition accounting requirements related to guarantees.
Business Combination	Business Combinations: Business combinations are accounted for using the acquisition method of accounting. Application of this method of accounting requires that (i) identifiable assets acquired (including identifiable intangible assets) and liabilities assumed generally be measured at fair value as of the acquisition date, and (ii) the excess of the purchase price over the net fair value of identifiable assets acquired and liabilities assumed be recognized as goodwill. Determining the fair value of assets acquired and liabilities assumed and the allocation of the purchase price requires management to use significant judgment and estimates, especially with respect to intangible assets. Estimates in valuing certain identifiable assets include, but are not limited to, the selection of valuation methodologies, estimates of future revenue and cash flows, expected long-term market growth, future expected operating expenses, costs of capital and appropriate discount rates. Management's estimates of fair value are based upon assumptions believed to be reasonable but which are inherently uncertain and unpredictable, and as a result, actual values may differ from these estimates. During the measurement period, certain adjustments may be recorded to the carrying fair value of the assets acquired and liabilities assumed with the corresponding offset to goodwill. After the measurement period, which could last up to one year after the transaction date, all adjustments are recorded in the consolidated statements of operations. The NCI in acquired businesses are measured at fair value at the date of acquisition and are separately presented within stockholders' equity, distinct from equity attributable to Dole. Each reporting period, net income (loss) and comprehensive income (loss) of consolidated subsidiaries in which NCI are held are attributed to that NCI based on their equity interest in each consolidated subsidiary. Contingent consideration is recognized and measured at fair value at the acquisition date. Any obligation of the Company to pay contingent consideration in connection with a business combination is classified as a liability as required by ASC 480, Distinguishing Liabilities from Equity; otherwise, it is classified as equity. Post-combination accounting for contingent consideration is impacted by its initial classification. When it is classified as a liability, it is remeasured at each reporting date at fair value, and any changes in fair value are reported within earnings. When it is classified as equity, the contingent consideration is not remeasured subsequently, and its settlement is accounted for within equity. Total contingent consideration as of December 31, 2021 and December 31, 2020 amounted to $7.3 million and $10.7 million, respectively See Note 4 “Business Combinations and Transactions” for further detail on the Acquisition that occurred in the year ended December 31, 2021.
Contingencies	Contingencies: Estimated losses from contingencies are recognized if it is probable that an asset has been impaired or a liability has been incurred as of the date of the financial statements and the amount of that loss can be reasonably estimated. Gain contingencies are not recognized until realized. Judgement is used to assess whether a loss contingency is probable and estimable, and actual results may differ from that estimate. See Note 19 “Commitments and Contingencies” for further detail on the Company’s contingencies.
New Accounting Pronouncements Adopted and New Accounting Not Yet Pronouncements Adopted	New Accounting Pronouncements Adopted ASU 2019-12, Income Taxes (Topic 740) In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The ASU introduces new guidance to evaluate whether a step-up in tax basis of goodwill relates to a business combination, through which book goodwill was recognized, or a separate transaction and provides a policy election to not allocate income taxes to legal entities that are both not subject to income taxes and disregarded by the taxing authority. The ASU also makes changes to the current guidance for making intraperiod tax allocations and determining when a deferred tax liability is recognized after an investor in a foreign entity transitions to or from the equity method of accounting, among other changes. The accounting amendment is effective for public entities in annual periods beginning after December 15, 2020 and interim periods within those fiscal years. Dole adopted this new accounting guidance on January 1, 2021, the first day of Dole’s 2021 fiscal year. The adoption of this ASU did not have a material impact to the Company’s financial condition, results of operations, cash flows and related disclosures. ASU 2020-01 Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) In January 2020, the FASB issued ASU 2020-01, Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815. The amendments in this update clarify certain interactions between the guidance to account for certain equity securities under Topic 321, the guidance to account for investments under the equity method of accounting in Topic 323 and the guidance in Topic 815. This update affects how an entity accounts for an equity security under the measurement alternative or for a forward contract or purchased option to purchase securities that, upon settlement of the forward contract or exercise of the purchased option, would be accounted for under the equity method of accounting or the fair value option in accordance with Topic 825, Financial Instruments. The accounting amendment is effective for public entities in annual periods beginning after December 15, 2020 and interim periods within those fiscal years. Dole adopted this new accounting guidance on January 1, 2021, the first day of Dole’s 2021 fiscal year. The adoption of this ASU did not have a material impact to the Company’s financial condition, results of operations, cash flows and related disclosures. ASU 2020-10 – Codification Improvements In October 2020, the FASB issued ASU 2020-10, Codification Improvements. The amendments in this update seek to clarify guidance being applied in an inconsistent manner; however, amendments are not expected to result in a significant change in practice. The amendments in this update are effective for public entities in annual periods beginning after December 15, 2020. The adoption of this ASU did not have a material impact to the Company’s financial condition, results of operations, cash flows and related disclosures. ASU 2020-04 – Reference Rate Reform (Topic 848) – Facilitation of the effects of reference rate reform on financial reporting In March 2020, the FASB issued ASU 2020-04, Reference rate reform (Topic 848) – Facilitation of the effects of reference rate reform on financial reporting. The amendments in this update provide optional expedients and exceptions related to accounting for transactions affected by reference rate reform. The amendments only apply if certain criteria are met. The amendments in this update apply only to contracts and hedging relationships that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. In addition, in January 2021, the FASB issued ASU 2021-01, Amendments to reference rate reform (Topic 848). The amendments in this update clarify that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivative instruments that use an interest rate for margining, discounting or contract price alignment that is modified as a result of reference rate reform. Amendments in this update also capture the incremental consequences of the scope clarification and tailor the existing guidance to derivative instruments affected by the discounting transition. All amendments discussed above are elective and are effective upon issuance for all entities. This guidance will be available through December 31, 2022. Dole has LIBOR-based borrowings and interest rate swaps that reference LIBOR. Dole did not modify any material contracts due to reference rate reform in fiscal year 2021. The Company has adopted certain elections under this guidance related to the assessment of hedge effectiveness of its LIBOR-based interest rate swaps. These elections include asserting the hedged forecasted transactions remain probable and assuming the reference rate will not be replaced for the remainder of the hedging relationships, regardless of expected contract term modifications due to reference rate reform. These elections allow the Company to continue applying hedge accounting to its LIBOR-based interest rate swaps and there is no impact to Dole’s financial condition, results of operations, cash flows and related disclosures. The Company may adopt additional elections under this new guidance as its contracts referencing LIBOR are modified to reference other rates. New Accounting Pronouncements Not Yet Adopted The Company considered all new accounting pronouncements not yet adopted and determined them not applicable to Dole or not expected to have a material impact.

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Policies [Abstract]

Schedule of Inventory

Details of inventory in the consolidated balance sheets as of December 31, 2021 and December 31, 2020 were as follows:


	December 31, 2021		December 31, 2020

Inventories:	(U.S. Dollars in thousands)
Finished products	$	233,666	$	120,897
Raw materials and work in progress	89,312		—
Crop growing costs	40,671		3,551
Agricultural and other operating supplies	47,088		16,731
	$	410,737	$	141,179

BUSINESS COMBINATIONS AND TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Components of Purchase Price

The components of the purchase price were as follows:


	Amount
	(U.S. Dollars in thousands)
Equity instruments	$	576,186
Cash acquired	(108,973)
Net intercompany payable to Legacy Dole at acquisition	(6,900)
Net consideration	$	460,313

Schedule of Assets and Liabilities Acquired

The purchase price was allocated to the assets and liabilities acquired in the Acquisition as follows:


Current assets, less inventory and cash acquired	$	611,526
Inventory	257,201
Property, plant and equipment	1,265,303
Intangible assets	310,659
Other assets	427,153
Goodwill	274,048
Current liabilities, less current portion of debt	(662,590)
Debt	(1,392,176)
Other liabilities	(621,193)
	469,931
Noncontrolling interests assumed	(9,618)
	$	460,313

Schedule of Pro Forma Revenue and Earnings

The following tables represent (1) the amount of Legacy Dole’s revenue, excluding sales with Total Produce entities, and earnings included in the consolidated statements of operations included herein, which includes Legacy Dole from the Acquisition Date of July 29, 2021 through the year ended December 31, 2021; and (2) the pro forma revenue and earnings, including material and nonrecurring pro forma adjustments, of the combined company assuming the Acquisition Date was January 1, 2020:


	Year Ended
	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Actual (Legacy Dole):
Revenue	$	1,915,458	$	—
Net loss attributable to Legacy Dole	(80,604)		—

Business Acquisition, Pro Forma Information, Nonrecurring Adjustments


	Year Ended
	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Pro forma (total Dole plc):
Revenue	$	9,285,672	$	8,969,405
Net income attributable to Dole plc	151,651		8,567
Material and nonrecurring pro forma adjustments:
Elimination of intercompany revenue	$	(72,389)	$	(48,533)
Incremental charges on biological assets and inventory and depreciation impact	—		(98,162)
Merger & IPO costs	—		(30,876)
Net impact of interest, net of tax	—		29,653
Removal of equity method pickup of Legacy Dole investment, net of tax	(24,396)		(19,134)

REVENUE (Tables)

12 Months Ended

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregated Revenues

The following table presents the Company's disaggregated revenues by similar types of products for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

	(U.S. Dollars in thousands)
Fresh fruit	$	982,652	$	—	$	—
Fresh packed vegetables	120,648		—		—
Value added vegetables	400,747		—		—
Diversified produce	4,730,080		4,221,899		4,067,025
Health foods and consumer goods	136,149		124,040		99,774
Commercial cargo and other services	84,126		—		—
	$	6,454,402	$	4,345,939	$	4,166,799

The following table presents the Company's disaggregated revenues by channel for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

Third party revenue:	(U.S. Dollars in thousands)
Retail	$	3,970,101	$	2,668,454	$	2,386,697
Wholesale	1,913,961		1,252,547		1,252,562
Food service	365,931		311,317		421,312
Commercial cargo and other services	83,638		—		—
Revenue from equity method investments	120,771		113,621		106,228
Total revenue	$	6,454,402	$	4,345,939	$	4,166,799

SEGMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Sales and Adjusted EBITDA by Reportable Segment

The following table provides revenue and Adjusted EBITDA by reportable segment:

Schedule of Revenue and Long-Lived Assets, by Geographic Location

The Company is headquartered and domiciled in Ireland. Revenue by geographic location based on the end customer for the years ended December 31, 2021, December 31, 2020 and December 31, 2019 was as follows:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
United States	$	2,313,358	$	1,072,472	$	971,902
UK	796,474		687,760		721,525
Sweden	613,911		549,447		533,170
Spain	637,123		592,306		562,655
Ireland	416,410		404,482		377,199
Other	1,677,126		1,039,472		1,000,348
Total revenue, net	$	6,454,402	$	4,345,939	$	4,166,799

Long-lived assets are comprised of property, plant and equipment, net. Long-lived assets by geographic location as of December 31, 2021 and December 31, 2020 were as follows:


	Year Ended
	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
United States	$	395,437	$	14,057
Costa Rica	296,987		—
Vessels and containers on-the-water or in-transit	234,959		—
Honduras	117,419		—
Chile	88,482		79
Ecuador	88,011		—
UK	36,995		42,419
Czech Republic	32,636		27,431
Sweden	30,793		38,597
Denmark	26,578		30,363
Spain	24,993		27,780
Ireland	23,523		26,254
Other	34,037		12,685
Total long-lived assets	$	1,430,850	$	219,665

OTHER INCOME (EXPENSE), NET (Tables)

12 Months Ended

Dec. 31, 2021

Other Income and Expenses [Abstract]

Schedule of Other Income (Expense), Net

Included in other income (expense), net, in Dole’s consolidated statements of operations were the following items:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Rental income	$	5,202	$	2,708	$	2,270
Unrealized gain on foreign currency denominated borrowings	5,453		—		—
Loss on investments	(286)		—		—
Non-service components of net periodic pension benefit (cost)	176		(2,169)		(419)
Gain (loss) on contingent consideration	(1,036)		(519)		228
Other	(851)		(139)		2,062
Other income (expense), net	$	8,658	$	(119)	$	4,141

RECEIVABLES AND ALLOWANCES FOR CREDIT LOSSES (Tables)

12 Months Ended

Dec. 31, 2021

Receivables [Abstract]

Accounts Receivable, Allowance for Credit Loss

A rollforward of the allowance for credit losses for trade receivables was as follows:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	(5,661)
Acquisitions	(157)
Additional provisions in the period	(5,468)
Write-offs	1,976
Foreign exchange impact	(812)
Balance as of December 31, 2020	(10,122)
Acquisitions	(13,581)
Additional provisions in the period	(2,783)
Disposals	216
Write-offs	1,776
Recoveries of amounts previously reserved	2,114
Balance sheet reclassifications	(389)
Foreign exchange impact	705
Balance as of December 31, 2021	$	(22,064)

Schedule of Accounts, Notes, Loans and Financing Receivable

The following table summarizes growers advances as of December 31, 2021 and December 31, 2020 based on their credit risk profile:


	December 31, 2021				December 31, 2020
	Short-Term		Long-Term		Short-Term		Long-Term

	(U.S. Dollars in thousands)
Secured gross advances to growers and suppliers	$	49,919	$	11,456	$	22,678	$	4,935
Allowance for secured advances to growers and suppliers	(5,512)		(1,735)		(3,732)		(1,032)
Unsecured gross advances to growers and suppliers	32,037		1,358		1,865		1,197
Allowance for unsecured advances to growers and suppliers	(4,094)		(742)		(1,865)		(1,197)
Net advances to growers and suppliers	$	72,350	$	10,337	$	18,946	$	3,903

Financing Receivable, Allowance for Credit Loss

A rollforward of the allowance for expected credit losses related to grower advances was as follows:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	(6,175)
Additional provisions in the period	(2,441)
Write-offs	385
Balance sheet reclassifications	566
Foreign exchange impact	(162)
Balance as of December 31, 2020	(7,827)
Acquisitions	(3,785)
Disposals	431
Additional provisions in the period	(1,970)
Recoveries of amounts previously reserved	177
Write-offs	720
Balance sheet reclassifications	13
Foreign exchange impact	158
Balance as of December 31, 2021	$	(12,083)

Other Receivable, Allowance for Credit Loss

A rollforward of the allowance for expected credit losses related to other receivables was as follows:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	(137)
Additional provisions in the period	(304)
Write-offs	5
Balance sheet reclassifications	(138)
Foreign exchange impact	(47)
Balance as of December 31, 2020	(621)
Acquisitions	(23,931)
Additional provisions in the period	(1,415)
Recoveries of amounts previously reserved	761
Write-offs	503
Balance sheet reclassifications	316
Foreign exchange impact	196
Balance as of December 31, 2021	$	(24,191)

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The following table presents income tax (benefit) expense by selected jurisdiction for each of the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Current tax (benefit) expense:
Ireland	$	720	$	262	$	(280)
U.S.	(17,422)		2,706		3,109
Foreign - excluding the U.S.	26,537		15,860		15,449
	$	9,835	$	18,828	$	18,278
Deferred tax (benefit) expense:
Ireland	$	354	$	185	$	566
U.S.	(990)		(298)		(1,948)
Foreign - excluding the U.S.	(22,532)		(585)		(6,584)
	$	(23,168)	$	(698)	$	(7,966)
	$	(13,333)	$	18,130	$	10,312

Schedule of Income before Income Tax, Domestic and Foreign

Income (loss) before income taxes and equity earnings consisted of the following:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Ireland	$	(5,904)	$	2,852	$	2,597
U.S.	(66,440)		7,615		978
Foreign - excluding the U.S.	27,792		48,636		39,181
	$	(44,552)	$	59,103	$	42,756

Schedule of Effective Income Tax Rate Reconciliation

The differences between the reported income tax (benefit) expense and income taxes computed at the Irish statutory tax rate of 12.5% for the years ended December 31, 2021, December 31, 2020 and December 31, 2019, are explained in the following reconciliation:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
(Benefit) expense computed at the Irish statutory rate of 12.5%	$	(5,569)	$	7,388	$	5,345
Effects of:
Foreign income taxed at different rates	5,258		8,247		1,908
Change in valuation allowances	966		2,824		740
Tax exempt income	(188)		(248)		—
Expenses not deductible for income tax purposes	4,497		1,467		1,227
Changes in unrecognized tax benefits, net of indirect benefits	(18,263)		(648)		32
Contingent consideration adjustments	139		(329)		163
Changes in estimates made in respect of prior periods	(63)		(678)		821
Other items	(110)		107		76
Income tax (benefit) expense	$	(13,333)	$	18,130	$	10,312

Schedule Of Deferred Tax

Deferred tax recognized directly in other comprehensive income (loss) was as follows:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Deferred tax benefit (expense) on remeasurement gain (loss) on defined benefit plans	$	(555)	$	2,584	$	84
Deferred tax (expense) on remeasurement gain (loss) on hedge accounting	(363)		—		—
Deferred tax (expense) on remeasurement gain (loss) on interest rate swap	(2,445)		—		—
Deferred tax (expense) on remeasurement gain (loss) on equity method investments	(832)		—		—
Total deferred tax benefit (expense) recognized in other comprehensive income (loss)	$	(4,195)	$	2,584	$	84

Schedule of Deferred Tax Assets and Liabilities

The following table provides details of the principal components of our deferred income tax assets and liabilities as of December 31, 2021 and December 31, 2020:


	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Deferred income tax assets:
Intangible assets	$	2,739	$	—
Property, plant and equipment	26,724		996
Operating leases	44,626		583
Accounts payable and accrued liabilities	35,570		7,295
Pension and postretirement benefits	29,364		4,153
Operating loss carry-forwards	113,913		18,548
Tax credit carry-forwards	9,021		—
Investments in unconsolidated affiliates	1,248		—
Other	11,976		1,335
Total deferred income tax assets	275,181		32,910
Valuation allowances	(93,205)		(16,395)
Offset against deferred income tax liabilities	(135,605)		(9,833)
Total deferred income tax assets, net	$	46,371	$	6,682

Deferred income tax liabilities:
Intangible assets	$	97,132	$	18,982
Property, plant and equipment	132,410		3,863
Operating leases	43,349		120
Accounts payable and accrued liabilities	3,790		—
Pension and postretirement benefits	1,800		—
Investments in unconsolidated affiliates	172		9,097
Other	2,641		222
Total deferred income tax liabilities	281,294		32,284
Offset against deferred income tax assets	(135,605)		(9,833)
Total deferred income tax liabilities, net	$	145,689	$	22,451

Summary of Operating Loss Carryforwards

As of December 31, 2021, Dole had approximately $952.2 million of operating loss carryforwards expiring as follows:


	Ireland		U.S.		Foreign (excluding U.S.)		Total
	(U.S. Dollars in thousands)
2022	$	—	$	28,040	$	14,055	$	42,095
2023	—		36,706		5,102		41,808
2024	—		26,202		5,541		31,743
2025	—		18,364		83		18,447
2026	—		14,356		66		14,422
Indefinite	34,421		679,691		89,525		803,637
Total	$	34,421	$	803,359	$	114,372	$	952,152

Summary of Valuation Allowance

The following table presents the movement in the valuation allowance for the years ended December 31, 2021 and December 31, 2020:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	12,091
Increase recognized in the income statement	4,509
Decrease recognized in the income statement	(1,685)
Translation adjustments	1,480
Balance as of December 31, 2020	16,395
Changes on acquisition/disposal	80,394
Increase recognized in the income statement	4,384
Decrease recognized in the income statement	(3,418)
Translation adjustments	(4,550)
Balance as of December 31, 2021	$	93,205

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits (excluding interest and penalties) is as follows:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	11,928
Increases due to tax positions taken in the current year	2,190
Decreases due to lapse of statute of limitations	(2,704)
Translation adjustments	1,285
Balance as of December 31, 2020	12,699
Changes on acquisition/disposal	52,341
Increases due to tax positions taken in the current year	1,004
Decreases due to lapse of statute of limitations	(17,056)
Translation adjustments	(907)
Balance as of December 31, 2021	$	48,081

DETAILS OF ACCRUED LIABLIITES (Tables)

12 Months Ended

Dec. 31, 2021

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

Included in accrued liabilities in Dole’s consolidated balances sheets were the following items:


	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Environmental and insurance reserves	$	2,316	$	1,132
Employee-related costs and benefits	130,663		42,358
Amounts due to growers	127,615		12,633
Sales, marketing and advertising	46,414		8,981
Shipping related costs	35,694		665
Materials and supplies	38,646		474
Accrued interest	2,134		783
Deferred income	2,038		788
Professional services	17,420		13,349
Other fees	2,511		2,642
Accrued rent	1,362		908
Other accrued capital expenditures	52		4,243
Hedging liability	800		1,424
Miscellaneous other accrued liabilities	57,266		33,083
Total accrued liabilities	$	464,931	$	123,463

ASSETS HELD-FOR-SALE AND ACTIVELY MARKETED PROPERTY (Tables)

12 Months Ended

Dec. 31, 2021

Real Estate [Abstract]

Disclosure of Long Lived Assets Held-for-sale

A rollforward of assets held-for-sale for the year ended December 31, 2021 in the consolidated balance sheets was as follows. There was no assets held-for-sale activity for the year ended December 31, 2020.


.	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2020	$	—
Additions from the acquisition of Legacy Dole	14,701
Transfer of plane	7,187
Sale of vessels	(8,813)
Sale of Latin America properties	(4,078)
Sale of plane	(7,187)
Sale of North America property	(1,610)
Balance as of December 31, 2021	$	200

Disclosure of Long Lived Assets Actively Marketed

A rollforward of actively marketed property for the year ended December 31, 2021 in the consolidated balance sheets was as follows. There was no actively marketed property activity for the year ended December 31, 2020:


.	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2020	$	—
Additions from the acquisition of Legacy Dole	52,751
Hawaii land sales	(2,387)
Balance as of December 31, 2021	$	50,364

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Major classes of property, plant and equipment were as follows:


	December 31, 2021		December 31, 2020

	(U.S. Dollars in thousands)
Land and land improvements	$	544,057	$	26,963
Buildings and leasehold improvements	399,392		121,631
Machinery and equipment	368,754		187,664
Computer software	65,036		29,175
Vessels and containers	233,376		—
Machinery and equipment and vessel containers under finance leases	48,195		14,343
Construction in progress	55,717		—
	1,714,527		379,776
Accumulated depreciation	(283,677)		(160,111)
	$	1,430,850	$	219,665

Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows:


			Years
Land improvements			1 to 30
Buildings and leasehold improvements*			2 to 50
Machinery and equipment			1 to 25
Computer software			1 to 10
Vessels and containers			1 to 30
Machinery and equipment and vessel containers under finance leases			Shorter of lease term or useful life

*Leasehold improvements are depreciated using the shorter of the useful life or life of the lease.

GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

A rollforward of goodwill by reportable segment for the years ended December 31, 2021 and December 31, 2020, was as follows:


	Fresh Fruit		Diversified Fresh Produce - EMEA		Diversified Fresh Produce - Americas & ROW		Fresh Vegetables		Total

	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	—	$	120,866	$	100,236	$	—	$	221,102
Additions	—		1,031		67		—		1,098
Foreign exchange impact	—		11,678		283		—		11,961
Balance as of December 31, 2020	—		133,575		100,586		—		234,161
Additions	274,048		16,372		—		—		290,420
Disposals	—		(414)		—		—		(414)
Foreign exchange impact	—		(8,907)		(3,927)		—		(12,834)
Balance as of December 31, 2021	$	274,048	$	140,626	$	96,659	$	—	$	511,333

Schedule of Intangible Assets

Details of Dole’s intangible assets as of December 31, 2021 were as follows:


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount


	(U.S. Dollars in thousands)
DOLE brand	$	306,280	$	—	$	306,280
Water rights	4,186		—		4,186
Supplier relationships	29,179		(17,869)		11,310
Customer relationships	132,953		(92,357)		40,596
Other	13,227		(7,273)		5,954
	$	485,825	$	(117,499)	$	368,326

Details of Dole’s intangible assets as of December 31, 2020 were as follows:


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount

	(U.S. Dollars in thousands)
Supplier relationships	$	30,405	$	(17,108)	$	13,297
Customer relationships	141,157		(95,580)		45,577
Other	13,648		(6,888)		6,760
	$	185,210	$	(119,576)	$	65,634

A rollforward of intangible assets, excluding goodwill, for the years ended December 31, 2021 and December 31, 2020 was as follows:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	78,576
Additions	186
Disposals	(298)
Amortization	(11,548)
Foreign exchange impact	(1,282)
Balance as of December 31, 2020	65,634
Additions	314,749
Amortization	(11,404)
Foreign exchange impact	(653)
Balance as of December 31, 2021	$	368,326

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of December 31, 2021, the estimated amortization expense associated with Dole’s intangible assets for each of the next five fiscal years was as follows:


	Amount
	(U.S. Dollars in thousands)
2022	$	11,180
2023	10,585
2024	9,509
2025	8,237
2026	6,763
Thereafter	11,586
Total	$	57,860

NOTES PAYABLE, BANK OVERDRAFTS AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

Schedule of Notes Payable, Bank Overdrafts and Long-term Debt

Notes payable, bank overdrafts and long-term debt consisted of the following:


	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Revolving Credit Facility	$	312,017	$	—
Term Loan A and Term Loan B	836,775		—
Vessel financing loans	104,184		—
Other financing arrangements	57,361		7,885
Notes payable, at a weighted average interest rate of 3.2% as of December 31, 2020	—		60,097
Other revolving credit facilities	19,600		258,254
Bank overdrafts	9,395		11,243
Finance lease obligations, at a weighted average interest rate of 3.5% as of December 31, 2021 (2.4% as of December 31, 2020)	40,719		9,352
	1,380,051		346,831
Unamortized debt discounts and debt issuance costs	(21,063)		—
	1,358,988		346,831
Current maturities, net of unamortized debt discounts and debt issuance costs	(51,785)		(20,748)
Bank overdrafts	(9,395)		(11,243)
Long-term debt, net	$	1,297,808	$	314,840

Schedule of Maturities of Current and Long-term Debt

Stated maturities with respect to current and long-term debt, including finance lease obligations, as of December 31, 2021 were as follows:


	Amount
	(U.S. Dollars in thousands)
2022	$	60,954
2023	67,066
2024	41,425
2025	42,930
2026	609,038
Thereafter	558,638
Total	$	1,380,051

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28541-108399

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21506-112644

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69B
-URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495735-112612

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
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-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=124435984&loc=d3e28551-108399

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 55
-Paragraph 69E
-URI http://asc.fasb.org/extlink&oid=123466577&loc=SL123495743-112612

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21521-112644

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21538-112644

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=123467817&loc=d3e21475-112644

+ Details

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2021

Retirement Benefits [Abstract]

Schedule of Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

The status of Dole’s defined benefit pension plans was as follows:


	U.S. Pension Plans				International Pension Plans				OPRB Plans
	Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2021		Year Ended December 31, 2020
	(U.S. Dollars in thousands)
Change in projected benefit obligation:
Benefit obligation at beginning of the year	$	—	$	—	$	266,320	$	227,747	$	—	$	—
Acquisition of Legacy Dole	256,767		—		114,099		—		18,655		—
Service cost	107		—		3,219		1,858		1		—
Interest cost	1,696		—		5,505		3,808		157		—
Foreign exchange impact	—		—		(12,107)		16,326		—		—
Actuarial loss (gain)	4,179		—		(4,432)		22,007		166		—
Plan amendments	—		—		(213)		279		—		—
Curtailments, settlements and terminations, net	—		—		(14,399)		—		—		—
Employee contributions	—		—		—		130		—		—
Benefits paid	(8,869)		—		(8,851)		(5,835)		(1,407)		—
Other	—		—		(140)		—		—		—
Benefit obligation at end of the year	$	253,880	$	—	$	349,001	$	266,320	$	17,572	$	—
Change in plan assets:
Fair value of plan assets at beginning of the year	$	—	$	—	$	245,061	$	215,602	$	—	$	—
Acquisition of Legacy Dole	234,221		—		—		—		—		—
Actual return on plan assets	(2,054)		—		13,901		16,325		—		—
Company contributions	1,450		—		10,297		3,822		1,407		—
Employee contributions	—		—		122		130		—		—
Benefits paid	(8,868)		—		(8,851)		(5,835)		(1,407)		—
Settlements	—		—		(14,419)		—		—		—
Foreign exchange impact	—		—		(10,581)		15,017		—		—
Other	—		—		(229)		—		—		—
Fair value of plan assets at end of the year	$	224,749	$	—	$	235,301	$	245,061	$	—	$	—
Funded status	$	(29,131)	$	—	$	(113,700)	$	(21,259)	$	(17,572)	$	—
Amounts recognized in the consolidated balance sheets:
Other assets	$	—	$	—	$	2,524	$	—	$	—	$	—
Pension and postretirement benefits	(2,243)		—		(13,209)		(5,787)		(2,212)		—
Pension and postretirement benefits, less current portion	(26,888)		—		(103,015)		(15,472)		(15,360)		—
	$	(29,131)	$	—	$	(113,700)	$	(21,259)	$	(17,572)	$	—

Schedule of Amounts 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 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019		Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019		Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019
	(U.S. Dollars in thousands)
Net actuarial loss	$	11,011	$	—	$	—	$	50,575	$	64,591	$	53,797	$	166	$	—	$	—
Prior service (benefit)	—		—		—		(8,241)		(8,952)		(9,758)		—		—		—
Total	$	11,011	$	—	$	—	$	42,334	$	55,639	$	44,039	$	166	$	—	$	—

Schedule of Pension Plan with Accumulated Benefit Obligation in Excess of Plan Assets

The aggregate projected benefit obligation, accumulated benefit

obligation and fair value of plan assets of plans with accumulated benefit obligations in excess of plan assets were as follows:


	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Projected benefit obligation	$	429,115	$	253,980
Accumulated benefit obligation	$	406,233	$	251,381
Fair value of plan assets	$	283,988	$	231,707

Schedule of Pension Plans with Projected Benefit Obligation in Excess of Plan Assets

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


	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Projected benefit obligation	$	519,342	$	253,980
Accumulated benefit obligation	$	470,484	$	251,381
Fair value of plan assets	$	356,415	$	231,707

Schedule of Net Periodic Benefit Costs

The components of net periodic benefit cost for Dole’s U.S. and international pension plans and OPRB plans were as follows:


	U.S. Pension Plans						International Pension Plans						OPRB Plans
	Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019		Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019		Year Ended December 31, 2021		Year Ended December 31, 2020		Year Ended December 31, 2019
	(U.S. Dollars in thousands)
Components of net periodic benefit cost:
Service cost	$	107	$	—	$	—	$	3,219	$	1,858	$	1,536	$	1	$	—	$	—
Interest cost	1,696		—		—		5,505		3,808		5,117		157		—		—
Expected return on plan assets	(4,779)		—		—		(6,883)		(7,275)		(6,791)		—		—		—
Amortization of:
Net loss	—		—		—		2,946		2,081		2,038		—		—		—
Prior service (benefit)	—		—		—		(812)		(785)		(783)		—		—		—
Curtailments, settlements and terminations, net	—		—		—		1,756		—		—		—		—		—
Other	—		—		—		238		—		—		—		—		—
Net periodic cost (benefit)	$	(2,976)	$	—	$	—	$	5,969	$	(313)	$	1,117	$	158	$	—	$	—
Other changes recognized in other comprehensive income (loss):
Net loss (gain)	$	11,011	$	—	$	—	$	(13,186)	$	12,957	$	5,010	$	166	$	—	$	—
Prior service (benefit)	—		—		—		(213)		—		—		—		—		—
Amortization of:
Net (loss)	—		—		—		(2,946)		(2,081)		(2,038)		—		—		—
Prior service benefit	—		—		—		812		785		783		—		—		—
Foreign exchange impact and other	—		—		—		(2,026)		1,309		188		—		—		—
Income taxes expense (benefit)	2,643		—		—		(3,209)		(2,154)		38		11		—		—
Total recognized in other comprehensive income (loss)	$	13,654	$	—	$	—	$	(20,768)	$	10,816	$	3,981	$	177	$	—	$	—
Total recognized in net periodic benefit cost and other comprehensive income (loss), net of income taxes	$	10,678	$	—	$	—	$	(14,799)	$	10,503	$	5,098	$	335	$	—	$	—

Schedule of Assumptions

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


	U.S. Pension Plans			International Pension Plans			OPRB Plans
	Year Ended December 31, 2021		Year Ended December 31, 2020	Year Ended December 31, 2021		Year Ended December 31, 2020	Year Ended December 31, 2021		Year Ended December 31, 2020
Discount rate	2.62	%	—	2.61	%	1.26%	3.18	%	—
Rate of compensation increase	3.00	%	—	1.98	%	1.82%	—		—
Rate of increase in pensions	—		—	1.90	%	1.59%	—		—

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


	U.S. Pension Plans				International Pension Plans				OPRB Plans
	Year Ended December 31, 2021		Year Ended December 31, 2020	Year Ended December 31, 2019	Year Ended December 31, 2021		Year Ended December 31, 2020	Year Ended December 31, 2019	Year Ended December 31, 2021		Year Ended December 31, 2020	Year Ended December 31, 2019
Discount rate	2.39	%	—	—	2.29	%	1.72%	2.53%	2.72	%	—	—
Rate of compensation increase	3.00	%	—	—	2.84	%	1.74%	1.73%	—		—	—
Rate of increase in pensions	—		—	—	1.68	%	1.58%	1.92%	—		—	—
Rate of return on plan assets	5.00	%	—	—	2.85	%	3.41%	3.54%	—		—	—

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


	2021		2020
Health care costs trend rate assumed for next year	6.49	%	—
Rate of increase to which the cost of benefits is assumed to decline (the ultimate trend rate)	4.50	%	—

Year that the rate reaches the ultimate trend rate	2029		—

Schedule of Plan Asset Allocations

The following is the target asset mix for Dole’s pension plans, which management believes provides the optimal trade-off of diversification and long-term asset growth:


			Target Allocation
Fixed income securities			48%
Equity securities			27%
Other			25%
Total			100%

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


	Year Ended
	December 31, 2021	December 31, 2020
Fixed income securities	48%	51%
Equity securities	27%	25%
Other	25%	24%
Total	100%	100%

Schedule of Estimated Future Benefit Payments

The following table presents estimated future benefit payments:


	U.S. Pension Plans		International Pension Plans		OPRB Plans
	(U.S. Dollars in thousands)
2022	$	21,771	$	19,512	$	2,212
2023	20,985		14,000		2,113
2024	20,150		13,572		1,935
2025	19,317		13,082		1,831
2026	18,540		14,127		1,679
Thereafter	80,313		80,315		5,749
Total	$	181,076	$	154,608	$	15,519

Schedule of Multi-Employer 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 2021

Year Ended

December 31, 2021

Year Ended

December 31, 2020

Year Ended

December 31, 2019

Expiration of Agreement

(U.S. Dollars in thousands)

Western Conference of Teamsters
Pension Plan

91-6145047-001

Not critical

$

372

$

—

$

—

8/15/2024

Schedule of Plan Assets

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


	Fair Value Measurements as of December 31, 2021 Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(U.S. Dollars in thousands)
Cash and cash equivalents	$	8,276	$	—	$	—	$	8,276
Fixed-income securities	45,380		217,127		—		262,507
Insurance contracts	—		43,053		—		43,053
Equity securities	7,688		101,890		8,058		117,636
Other	2,261		12,270		122		14,653
Investments measured at fair value	63,605		374,340		8,180		446,125
Investments measured at net asset value	—		—		—		13,925
Total plan assets at fair value	$	63,605	$	374,340	$	8,180	$	460,050


	Fair Value Measurements as of December 31, 2020 Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
	(U.S. Dollars in thousands)
Cash and cash equivalents	$	20,089	$	—	$	—	$	20,089
Fixed-income securities	—		115,299		—		115,299
Insurance contracts	—		19,687		—		19,687
Equity securities	57,849		—		—		57,849
Other	13,466		—		—		13,466
Investments measured at fair value	91,404		134,986		—		226,390
Investments measured at net asset value	—		—		—		18,671
Total plan assets at fair value	$	91,404	$	134,986	$	—	$	245,061

Schedule of Level 3 Plan Assets

The table below sets forth a summary of the transfers and purchases of the plans’ Level 3 assets for the year ended December 31, 2021:


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	Common Collective Trusts		Interest in 103-12 Investment Companies		Total
	(U.S. Dollars in thousands)
Balance as of December 31, 2020	$	—	$	—	$	—
Acquired	113		8,498		8,611
Net realized and unrealized gains (losses)	9		(1,251)		(1,242)
Net purchases, issuances and settlements	—		811		811
Balance as of December 31, 2021	$	122	$	8,058	$	8,180

LEASES (Tables)

12 Months Ended

Dec. 31, 2021

Leases [Abstract]

Schedule of Lease Positions, Terms and Discount Rates

The following tables present the lease-related assets and liabilities recorded in the consolidated balance sheets:


	Lease-related assets as of December 31, 2021
	Operating lease right-of-use assets		Property, plant & equipment, net
	(U.S. Dollars in thousands)
Operating leases	$	368,632	$	—
Finance leases	—		40,739
	$	368,632	$	40,739


	Lease-related assets as of December 31, 2020
	Operating lease right-of-use assets		Property, plant & equipment, net
	(U.S. Dollars in thousands)
Operating leases	$	140,212	$	—
Finance leases	—		10,980
	$	140,212	$	10,980


	Lease-related liabilities as of December 31, 2021
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	73,046	$	305,714	$	—	$	—
Finance leases	—		—		10,039		30,680
	$	73,046	$	305,714	$	10,039	$	30,680


	Lease-related liabilities as of December 31, 2020
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	21,910	$	122,225	$	—	$	—
Finance leases	—		—		1,647		7,705
	$	21,910	$	122,225	$	1,647	$	7,705

The weighted-average remaining lease term and discount rate for the Company’s lease profile as of December 31, 2021 was as follows:


Weighted-average remaining lease term:			Years
Operating leases			8.0
Finance leases			5.6


Weighted-average discount rate:			Percentage
Operating leases			3.2%
Finance leases			3.5%

In the ordinary course of business, Dole enters into a number of lease agreements with related parties. During the periods presented, Dole, as a lessee, entered into the following transactions with such parties:


	Lease-related Liabilities with Related Parties as of December 31, 2021
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	1,254	$	12,553	$	—	$	—
Finance leases	—		—		—		—
	$	1,254	$	12,553	$	—	$	—


	Lease-related Liabilities with Related Parties as of December 31, 2020
	Current maturities of operating leases		Operating leases, less current maturities		Notes payable and current portion of long-term debt, net		Long-term debt, net
	(U.S. Dollars in thousands)
Operating leases	$	1,993	$	14,202	$	—	$	—
Finance leases	—		—		135		427
	$	1,993	$	14,202	$	135	$	427

Schedule of Lease Costs And Supplemental Cash Flow Data

The following table presents certain information related to lease costs for finance and operating leases for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Finance lease costs:
Depreciation of lease assets	$	6,610	$	1,192	$	716
Interest on lease liabilities	968		114		56
Operating lease costs	54,892		27,289		24,341
Short-term lease costs	8,719		1,433		1,747
Variable lease costs	8,088		1,021		880
Sublease income	(4,658)		(363)		(415)
Total lease costs	$	74,619	$	30,686	$	27,325

The following represents the disaggregation of certain cash flow supplementary data by finance and operating lease classifications:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	968	$	—	$	—
Operating cash flows from operating leases	43,735		29,397		22,308
Financing cash flows from finance leases	6,332		2,844		990


	Year Ended
	December 31, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Right-of-use assets obtained in exchange for finance lease liabilities	$	5,452	$	9,892
Right-of-use assets obtained in exchange for operating lease liabilities	40,584		20,978

Schedule of Operating Lease Liability Maturity

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance and operating lease liabilities recorded on the balance sheet as of December 31, 2021:


	Finance Leases		Operating Leases

	(U.S. Dollars in thousands)
2022	$	10,704	$	86,182
2023	7,000		74,787
2024	6,307		61,758
2025	8,618		48,904
2026	2,690		33,203
Thereafter	9,077		121,427
Total lease payments	44,396		426,261
Less: present value discount	(3,677)		(47,501)
	$	40,719	$	378,760

Schedule of Finance Lease Liability Maturity

The following table reconciles the undiscounted cash flows for each of the first five years and total remaining years to the finance and operating lease liabilities recorded on the balance sheet as of December 31, 2021:


	Finance Leases		Operating Leases

	(U.S. Dollars in thousands)
2022	$	10,704	$	86,182
2023	7,000		74,787
2024	6,307		61,758
2025	8,618		48,904
2026	2,690		33,203
Thereafter	9,077		121,427
Total lease payments	44,396		426,261
Less: present value discount	(3,677)		(47,501)
	$	40,719	$	378,760

Schedule of Lessor Rental Income

Rental income recognized on agreements where Dole acted as the lessor was as follows:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

Rental income:	(U.S. Dollars in thousands)
Other income (expense), net	$	5,202	$	2,708	$	2,270

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

Dole had the following derivative instruments outstanding as of December 31, 2021:


			Aggregate Notional Amount
Foreign currency forward contracts by currency:
United States Dollar			$6.4 million
Euro			€146.4 million
British Pound Sterling			£3.4 million
Chilean Peso			CLP 11.2 billion
South African Rand			R 450.8 million
Interest rate swap contract			$600.0 million
Bunker fuel hedges			13.2 thousand metric tons

Schedule of Derivative Instruments in the Balance Sheet at Fair Value

The following table presents the balance sheet location and fair value of the derivative instruments by type:


	Fair Value Measurements as of December 31, 2021
	Accrued Liabilities		Other Assets		Other Receivables, net

Foreign currency forward contracts:	(U.S. Dollars in thousands)
Cash flow hedges	$	(222)	$	—	$	2,183
Non-designated cash flow hedges	(578)		—		202
Interest rate swap contracts	—		10,102		—
Bunker fuel hedges	—		—		1,023
	$	(800)	$	10,102	$	3,408


	Fair Value Measurements as of December 31, 2020
	Accrued Liabilities		Other Assets		Other Receivables, net

Foreign currency forward contracts:	(U.S. Dollars in thousands)
Non-designated cash flow hedges	$	(1,424)	$	—	$	—
	$	(1,424)	$	—	$	—

Schedule of Realized and Unrealized Derivative Gains (Losses)

The following tables represent Dole’s realized and unrealized derivative gains (losses) and respective location in the financial statements for all derivative instruments for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended December 31, 2021
	Gains deferred in Accumulated Other Comprehensive Loss		Cost of Sales

Realized gains (losses):	(U.S. Dollars in thousands)
Cash flow hedges	$	—	$	2,399
Non-designated cash flow hedges	—		(403)
Bunker fuel hedges	—		2,358
Total net realized gains	$	—	$	4,354

Unrealized gains (losses):
Cash flow hedges	$	1,336	$	—
Non-designated cash flow hedges	—		388
Bunker fuel hedges	—		(1,645)
Interest rate swap contracts	10,102		—
Total net unrealized gains (losses)	$	11,438	$	(1,257)


	Year Ended December 31, 2020
	Gains deferred in Accumulated Other Comprehensive Loss		Cost of Sales

Unrealized (losses):	(U.S. Dollars in thousands)
Non-designated cash flow hedges	$	—	$	(682)

Total net unrealized (losses)	$	—	$	(682)

There were no realized derivative gains or losses for the year ended December 31, 2020.


	Year Ended December 31, 2019
	Gains deferred in Accumulated Other Comprehensive Loss		Cost of Sales

Realized gains:	(U.S. Dollars in thousands)
Non-designated cash flow hedges	$	—	$	128
Total net realized gains	$	—	$	128
Unrealized (losses):
Non-designated cash flow hedges	$	—	$	(12)

Total net unrealized (losses)	$	—	$	(12)

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959

+ Details

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables present the fair values of the Company’s assets and liabilities measured at fair value on a recurring basis, with the exception of pension assets and liabilities as of December 31, 2021 and December 31, 2020. Refer to Note 15 “Employee Benefit Plans” for the presentation of fair value of pension assets and liabilities.


		Fair Value Measurements as of December 31, 2021 Using
	Balance Sheet Classification	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total

Foreign currency forward contracts:		(U.S. Dollars in thousands)
	Other receivables, net	$	—	$	2,385	$	—	$	2,385
	Accrued liabilities	—		(800)		—		(800)
Bunker fuel hedges:	Other receivables, net	—		1,023		—		1,023
Interest rate swap contracts:	Other assets	—		10,102		—		10,102
Rabbi Trust investments:
	Short-term investments	—		—		6,115		6,115
	Long-term investments	—		—		23,433		23,433
Contingent consideration:
	Contingent consideration	—		—		(2,958)		(2,958)
	Contingent consideration, less current portion	—		—		(4,302)		(4,302)
Total		$	—	$	12,710	$	22,288	$	34,998


		Fair Value Measurements as of December 31, 2020 Using
	Balance Sheet Classification	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
		(U.S. Dollars in thousands)
Foreign currency forward contracts:	Accrued liabilities	$	—	$	(1,424)	$	—	$	(1,424)
Other investments:	Other assets	—		—		406		406
Contingent consideration:
	Contingent consideration	—		—		(4,912)		(4,912)
	Contingent consideration, less current portion	—		—		(5,786)		(5,786)
Total		$	—	$	(1,424)	$	(10,292)	$	(11,716)

Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation

The table below sets forth a summary of changes in the fair value of the Level 3 investments, excluding contingent consideration and pension assets, for the years ended December 31, 2021 and December 31, 2020:


	Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	555
Net unrealized losses recognized in earnings	(149)
Balance as of December 31, 2020	406
Additions from the acquisition of Legacy Dole	29,574
Transfers out of Level 3 investments	(406)
Net realized and unrealized losses recognized in earnings*	(286)
Plan contributions	1,210
Plan distributions	(950)
Balance as of December 31, 2021	$	29,548

* Net amount comprised realized gains of $0.5 million and unrealized losses of $(0.8) million recorded in other income (expense), net, in the consolidated statements of operations.

Fair Value, Liabilities Measured on Recurring Basis

The carrying values, net of debt discounts and debt issuance costs, and gross estimated fair values of Dole’s debt based on Level 2 inputs in the fair value hierarchy are summarized below:


	December 31, 2021
	Carrying Value		Estimated Fair Value

	(U.S. Dollars in thousands)
Term Loan A and Term Loan B	$	815,764	$	833,637

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2021

Commitments and Contingencies Disclosure [Abstract]

Schedule of Purchase Commtiments

As of December 31, 2021, aggregate estimated future payments under such purchase commitments, based on December 2021 pricing and volumes, were as follows:


	Amount
	(U.S. Dollars in thousands)
2022	$	957,535
2023	523,713
2024	344,671
2025	337,072
2026	241,072
Thereafter	497,853
Total	$	2,901,916

STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Reconciliation of Share Activity

A rollforward of share activity as of December 31, 2021 and December 31, 2020 was as follows:


			Amount
			(In thousands)
Outstanding shares as of December 31, 2019			410,525
Share issued related to equity compensation			200
Outstanding shares as of December 31, 2020			410,725
Share issued related to equity compensation			4,545
Cancellation of treasury shares			(22,000)
Total Produce share exchange			(337,088)
Shares issued to the C&C Parties			11,917
Primary IPO Transaction issuance			25,000
Secondary issuance			1,779
Balance as of December 31, 2021			94,878

Summary of Stock Option Valuation Assumptions

The following table summarizes the assumptions used for estimating the fair values of the stock options:


Assumption	December 31, 2021

Risk free interest rate	0.9	%
Expected volatility	32.5	%
Dividend yield	1.5	%
Expected term (years)	6.5

Summary of Dividends Declared and Paid

The following table summarizes total dividends per share declared for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


Dividend	Paid Date	Amount (per share)

		(U.S. Dollars)
2020 Declared Final Dividend	5/28/2021	$	0.03
2020 Declared Interim Dividend	1/29/2021	$	0.01
2019 Declared Final Dividend	9/2/2020	$	0.03
2019 Declared Interim Dividend	10/11/2019	$	0.01
2018 Declared Final Dividend	6/6/2019	$	0.03

The following table summarizes total dividends paid for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

	(U.S. Dollars in thousands)
Dividends	$	(17,092)	$	(11,875)	$	(14,919)

Schedule of Accumulated Other Comprehensive Loss

A rollforward of the

changes in accumulated other comprehensive loss, disaggregated by component, was as follows for the years ended December 31, 2021 and December 31, 2020:


	Changes in Accumulated Other Comprehensive Loss by Component
	Fair Value of Derivatives		Pension & Other Postretirement Benefits		Foreign Currency Translation		Total

	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	—	$	(65,065)	$	(66,539)	$	(131,604)
Other comprehensive income (loss) attributable to Dole plc before reclassifications, net of tax	(2,578)		(13,675)		17,759		1,506
Amounts reclassified from accumulated other comprehensive loss	—		1,295		—		1,295
Net other comprehensive income (loss) attributable to Dole plc	(2,578)		(12,380)		17,759		2,801
Balance as of December 31, 2020	$	(2,578)	$	(77,445)	$	(48,780)	$	(128,803)
Other comprehensive income (loss) attributable to Dole plc before reclassifications, net of tax	14,948		1,783		(27,669)		(10,938)
Amounts reclassified from accumulated other comprehensive loss	(3,739)		378		1,721		(1,640)
Reclassification of pension activity*	—		15,462		—		15,462
Net other comprehensive income (loss) attributable to Dole plc	11,209		17,623		(25,948)		2,884
Balance at December 31, 2021	$	8,631	$	(59,822)	$	(74,728)	$	(125,919)

*See Note 2 “Basis of Presentation and Summary of Significant Accounting Policies” for details on the reclassification of pension activity.

REDEEMABLE NONCONTROLLING INTERESTS (Tables)

12 Months Ended

Dec. 31, 2021

Temporary Equity Disclosure [Abstract]

Redeemable Noncontrolling Interest

The following table presents the changes in redeemable NCI for each of the years ended December 31, 2021 and December 31, 2020:


	Amount
	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	30,891
Share of net income	4,500
Share of items recognized in other comprehensive income (loss)	(1,190)
Dividends paid to redeemable noncontrolling interest holders	(6,444)
Acquired redeemable noncontrolling interest	(4,331)
Accretion to redemption value recognized in additional paid-in capital	7,606
Foreign exchange impact	(715)
Balance as of December 31, 2020	30,317
Share of net income	3,304
Share of items recognized in other comprehensive income (loss)	(1,054)
Dividends paid to redeemable noncontrolling interest holders	(5,972)
Accretion to redemption value recognized in additional paid-in capital	6,332
Foreign exchange impact	(151)
Balance as of December 31, 2021	$	32,776

INVESTMENTS IN UNCONSOLIDATED AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2021

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investments in Unconsolidated Affiliates

Investments in unconsolidated affiliates


	December 31, 2021		December 31, 2020

	(U.S. Dollars in thousands)
Equity method investments	$	126,534	$	458,557
Cost method investments	1,873		—
Investments in unconsolidated affiliates	$	128,407	$	458,557

A rollforward of the carrying amount of Dole’s equity and cost method investments, other than Legacy Dole, as of December 31, 2021 and December 31, 2020 was as follows:


	Amount
	(U.S. Dollars in thousands)
Carrying amount as of December 31, 2019	$	115,886
Share of income after tax	15,168
Equity method investment becoming a subsidiary	(5,328)
Dividends declared	(15,292)
Foreign exchange impact and other	7,638
Carrying amount as of December 31, 2020	118,072
Share of income after tax	14,851
Acquisition of Legacy Dole investments	22,314
Other additions	3,242
Gain on step-up acquisition of other equity method investments	7,670
Equity method investments becoming subsidiaries	(11,970)
Disposals	(9,537)
Dividends declared	(10,611)
Foreign exchange impact and other	(5,624)
Carrying amount as of December 31, 2021	$	128,407

Schedule Of Equity Method Investments

Significant equity method investees and respective ownership interests as of December 31, 2021 and December 31, 2020 were as follows:


	December 31, 2021	December 31, 2020
	Ownership Interest
The Fresh Connection LLC	50%	50%
2451487 Ontario Inc.	50%	50%
2451490 Ontario Inc.	50%	50%
Frankort & Koning Beheer Venlo BV	50%	50%
Frutas IRU S.A.	50%	50%
Exportadora y Servicios El Parque Limitada	50%	50%
Steglinge AB	50%	50%
Vezet Convenience Nordic AB	50%	50%
Fruity Line Nordic AB	50%	50%
Bananera Tepeyac, S.A	50%	—%
Delica North America Inc	50%	50%
African Blue	10%	10%
Peviani SpA	—%	50%
DFC Holdings LLC	—%	45%

A rollforward of the carrying amount of Total Produce’s 45% investment in Legacy Dole as of December 31, 2021 and December 31, 2020 was as follows:


	Amount
	(U.S. Dollars in thousands)
Carrying amount as of December 31, 2019	$	313,289
Share of net income	21,868
Share of other comprehensive income	4,551
Share of repayment of receivable from affiliates	777
Carrying amount as of December 31, 2020	340,485
Share of net income	38,874
Share of other comprehensive income	3,999
Share of repayment of receivable from affiliates	469
Impairment	(122,926)
Equity method investment becoming subsidiary	(259,000)
Foreign exchange impact	(1,901)
Carrying amount as of December 31, 2021	$	—

Summarized financial information for Legacy Dole for the period from January 1, 2021 to July 29, 2021 and for the years ended December 31, 2020 and December 31, 2019 and as of December 31, 2021 and December 31, 2020 are as follows in the tables below. Unless otherwise noted, the results included herein represent Legacy Dole’s operations rather than the share attributable to the Company.


	Period Ended		Year Ended
	July 29, 2021		December 31, 2020		December 31, 2019
Summary Statements of Operations:	(U.S. Dollars in thousands)
Revenues, net	$	2,878,597	$	4,671,999	$	4,515,955
Cost of sales	(2,601,253)		(4,306,200)		(4,161,393)
Selling, marketing, general and administrative expenses	(124,417)		(189,912)		(183,657)
Net interest expense	(36,998)		(72,906)		(82,072)
Earnings (loss) from equity method investments	27		2,149		(378)
Other income (expense), net	2,859		(29,305)		(3,316)
Income tax expense	(30,557)		(25,332)		(25,122)
Loss from discontinued operations	—		(43)		(2,500)
Less: Net income attributable to noncontrolling interests	(1,872)		(1,854)		(2,205)
Net income attributable to equity shareholders	$	86,386	$	48,596	$	55,312
Dole plc share of net income attributable to equity shareholders	$	38,874	$	21,868	$	24,890


	July 29, 2021		December 31, 2020
Summary Balance Sheets:	(U.S. Dollars in thousands)
Current assets	$	927,026	$	784,231
Intangible assets	278,079		278,093
Property, plant and equipment	1,094,605		1,093,355
Operating lease right-of-use assets	224,451		232,067
Assets held-for-sale	5,357		48,543
Other non-current assets	157,891		108,297
Debt	(1,378,473)		(1,247,522)
Operating lease liabilities	(221,072)		(229,220)
Other non-current liabilities	(332,931)		(348,956)
Other current liabilities	(626,609)		(683,542)
Noncontrolling interest	(10,252)		(9,367)
Net assets	118,072		25,979
Total Produce share of net assets	53,132		11,691
Goodwill	328,794		328,794
Impairment recognized upon the Acquisition	(122,926)		—
Carrying amount of investment	$	259,000	$	340,485

The following table presents the Company’s maximum exposure to loss in Dole as a VIE as of July 29, 2021 and December 31, 2020:


	July 29, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Carrying value of equity investment in Legacy Dole	$	259,000	$	340,485
Maximum exposure to loss	259,000		340,485

The following table presents sales to and purchases from Legacy Dole for the period from January 1, 2021 to July 29, 2021 and for the years ended December 31, 2020 and December 31, 2019:


	Period Ended		Year Ended
	July 29, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Sales	$	9,974	$	8,900	$	4,600
Purchases	30,856		49,000		21,600

The following table presents amounts due from and to Legacy Dole as of July 29, 2021 and December 31, 2020:


	July 29, 2021		December 31, 2020
	(U.S. Dollars in thousands)
Amounts due from Legacy Dole presented within accounts receivable	1,800		1,298
Amounts due to Legacy Dole presented within accounts payable	$	8,700	$	2,627

Summarized financial information for all other equity method investments for the years ended December 31, 2021, December 31, 2020 and December 31, 2019 and as of December 31, 2021 and December 31, 2020 are as follows in the tables below. Unless stated otherwise, the information reflects the amounts reported in the financial statements of the other entities rather than the share attributable to the Company.


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
Summary Statements of Operations:	(U.S. Dollars in thousands)
Revenues, net	$	1,760,608	$	1,605,660	$	1,621,362
Cost of sales	(1,601,557)		(1,383,617)		(1,391,192)
Other activity	(123,603)		(187,547)		(210,467)
Net income	$	35,448	$	34,496	$	19,703
Net income attributable to Dole plc	$	14,851	$	15,168	$	13,035


	December 31, 2021		December 31, 2020
Summary Balance Sheets:	(U.S. Dollars in thousands)
Current assets	$	343,000	$	382,187
Non-current assets	325,094		309,192
Current liabilities	(243,986)		(288,712)
Non-current liabilities	(147,583)		(140,590)
Noncontrolling interest	(2,686)		(3,900)
Net assets	$	273,839	$	258,177
Dole plc share of net assets	99,533		88,944
Goodwill	27,001		29,128
Carrying amount of investments	$	126,534	$	118,072

The following table presents sales to and purchases from other equity method investees for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

	(U.S. Dollars in thousands)
Sales	$	110,797	$	104,721	$	101,628
Purchases	141,975		64,204		101,130

The following tables presents amounts due from and to equity method investees as of December 31, 2021 and December 31, 2020:


	December 31, 2021		December 31, 2020

	(U.S. Dollars in thousands)
Amounts due from equity method investees presented within accounts receivable	$	30,703	$	3,790
Amounts due to equity method investees presented within accounts payable	13,897		17,477

The following table provides a reconciliation to equity in net earnings of investments accounted for under the equity method in the consolidated statements of operations for the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(U.S. Dollars in thousands)
Share in net earnings of investments accounted for under the equity method - Other than Legacy Dole	$	14,851	$	15,168	$	13,035
Share in net earnings of investments accounted for under the equity method - Legacy Dole	38,874		21,868		24,890
Deferred income tax expense related to Legacy Dole	(10,441)		(6,757)		(982)
Share in net earnings of investments accounted for under the equity method	43,284		30,279		36,943
Impairment of original 45% investment in Legacy Dole	(122,926)		—		—
Gain on preexisting contractual arrangements with Legacy Dole	93,000		—		—
Gain on release of deferred tax reserves attributable to Legacy Dole	20,124		—		—
Gain on release of Legacy Dole indemnities	4,403		—		—
Gain on release of cumulative equity reserves attributable to Legacy Dole	1,376		—		—
Net impact of step-up acquisition in Legacy Dole	(4,023)		—		—
Gain on step-up acquisition of other equity method investments	7,670		—		—
Gain on disposal of equity method investment	1,096		—		—
Equity in net earnings of investments accounted for under the equity method	$	48,027	$	30,279	$	36,943

CONTINGENT CONSIDERATION (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Reconciliation of Contingent Consideration

A rollforward of contingent consideration for the years ended December 31, 2021 and December 31, 2020 was as follows:


	Amount

	(U.S. Dollars in thousands)
Balance as of December 31, 2019	$	16,667
Payments	(7,729)
Additions	658
Remeasurement loss	519
Foreign exchange impact	583
Balance as of December 31, 2020	10,698
Payments	(5,031)
Additions	944
Remeasurement loss	1,036
Foreign exchange impact	(387)
Balance as of December 31, 2021	$	7,260

EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table presents basic earnings (loss) per share for each of the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

	(U.S. Dollars and shares in thousands, except per share amounts)
Net income (loss) attributable to Dole plc	$	(7,219)	$	52,488	$	55,060
Weighted average number of shares – basic	72,190		55,509		55,497
Net income (loss) per share attributable to Dole plc - basic	$	(0.10)	$	0.95	$	0.99

The following table presents diluted earnings (loss) per share for each of the years ended December 31, 2021, December 31, 2020 and December 31, 2019:


	Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019

	(U.S. Dollars and shares in thousands, except per share amounts)
Net income (loss) attributable to Dole plc	$	(7,219)	$	52,488	$	55,060
Weighted average number of shares - basic	72,190		55,509		55,497
Effect of share options with a dilutive effect	—		83		117
Weighted average number of shares - diluted	72,190		55,592		55,614
Net income (loss) per share attributable to Dole plc - diluted	$	(0.10)	$	0.94	$	0.99

NATURE OF OPERATIONS (Details) $ / shares in Units, $ in Thousands			12 Months Ended
	Aug. 30, 2021 $ / shares shares	Jul. 30, 2021 $ / shares shares	Dec. 31, 2021 USD ($) country product	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Jul. 29, 2021	Jul. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Number of products grown and sourced \| product			300
Number of countries products are grown and sourced \| country			30
Number of countries products are distributed to \| country			75
Underwriting fees and other issuance costs			$ 29,600
Net proceeds from issuance of shares			398,876	$ 0	$ 0
IPO
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Shares issued (in shares) \| shares		25,000,000
Price per share of shares issued (in USD per share) \| $ / shares		$ 16.00
Gross proceeds from issuance of shares			428,500
Underwriting fees and other issuance costs			29,600
Net proceeds from issuance of shares			$ 398,900
Over-Allotment Option
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Shares issued (in shares) \| shares	1,779,062
Price per share of shares issued (in USD per share) \| $ / shares	$ 16.00
Total Produce \| Dole plc
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Equity interest prior to acquisition						82.50%
C&C Parties \| Dole plc
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Equity interest prior to acquisition						17.50%
Legacy Dole \| Total Produce
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Ownership percentage			45.00%	45.00%			45.00%

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	7 Months Ended	12 Months Ended
	Jul. 29, 2021 USD ($)	Dec. 31, 2021 USD ($) segment	Dec. 31, 2020 USD ($) property	Dec. 31, 2019 USD ($)	Jul. 31, 2018
Accounting Policies [Line Items]
Incremental charge to costs of sales related to uplift of inventory acquired		$ 35,200,000
Incremental depreciation charge		29,600,000
Marketing and advertising costs		10,600,000	$ 5,300,000	$ 5,800,000
Research and development costs		5,800,000	0	0
Merger, transaction and other related costs		30,072,000	396,000	198,000
Loss from discontinued operations		0	0	0
Gain on disposal of equity method investments		1,096,000	0	0
Impairment of property, plant and equipment		$ 0	$ 1,210,000	0
Number of properties impaired \| property			3
Number of operating segments \| segment		4
Number of reporting units \| segment		4
Bank overdrafts		$ 9,395,000	$ 11,243,000
Contingent consideration		7,260,000	10,698,000	16,667,000
Other Unconsolidated affiliates
Accounting Policies [Line Items]
Gain from investments acquired		$ 7,670,000
Minimum
Accounting Policies [Line Items]
Useful lives of property, plant and equipment		25 years
Definite-lived intangible assets useful life		3 years
Maximum
Accounting Policies [Line Items]
Useful lives of property, plant and equipment		2 years
Definite-lived intangible assets useful life		15 years
Reclassification out of Accumulated Other Comprehensive Income
Accounting Policies [Line Items]
Pension losses reclassified to retained earnings		$ 15,500,000
Legacy Dole
Accounting Policies [Line Items]
Impairment recognized upon the Acquisition	$ 122,926,000	122,926,000	0	0
Gain on preexisting contractual arrangements with Legacy Dole		93,000,000	0	0
Gain from investments acquired		4,023,000	0	0
Gain on release of deferred tax reserves attributable to Legacy Dole		20,124,000	0	0
Gain on release of Legacy Dole indemnities		4,403,000	$ 0	$ 0
Gain on release of cumulative equity reserves attributable to Legacy Dole		$ 1,376,000
Legacy Dole \| Total Produce
Accounting Policies [Line Items]
Ownership percentage		45.00%	45.00%		45.00%

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Inventory (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Finished products	$ 233,666	$ 120,897
Raw materials and work in progress	89,312	0
Crop growing costs	40,671	3,551
Agricultural and other operating supplies	47,088	16,731
Total inventory, net	$ 410,737	$ 141,179

BUSINESS COMBINATIONS AND TRANSACTIONS - Narrative (Details) $ / shares in Units, $ in Thousands		7 Months Ended	12 Months Ended
	Jul. 29, 2021 USD ($)	Jul. 29, 2021 USD ($)	Dec. 31, 2021 USD ($) subsidiary	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Jul. 30, 2021 $ / shares	Jul. 31, 2018 USD ($)
Business Acquisition [Line Items]
Investment balance			$ 126,534	$ 458,557
Underwriting fees and other issuance costs			29,600
Merger, transaction and other related costs			30,072	396	$ 198
Goodwill			511,333	234,161	221,102
Incremental charge to costs of sales related to uplift of inventory acquired			35,200
Incremental charge to costs of sales related to uplift of property, plant and equipment acquired			28,400
Incurred costs related to fair value of inventory acquired			$ 2,300
Discontinued Operations, Disposed of by Sale
Business Acquisition [Line Items]
Number of subsidiaries divested \| subsidiary			2
IPO
Business Acquisition [Line Items]
Price per share of shares issued (in USD per share) \| $ / shares						$ 16.00
Underwriting fees and other issuance costs			$ 29,600
Legacy Dole
Business Acquisition [Line Items]
Total consideration	$ 576,186
Goodwill	274,048	$ 274,048
Intangible assets acquired	310,659	310,659
Previously uncapitalized costs included in inventory acquired	35,200	35,200
Previously uncapitalized costs included in property, plant and equipment acquired	68,100	68,100
Net consideration	460,313
Legacy Dole \| DOLE brand
Business Acquisition [Line Items]
Intangible assets acquired	$ 306,300	$ 306,300
Other Acquisitions
Business Acquisition [Line Items]
Goodwill					4,000
Net consideration					9,200
Total Produce \| Dole plc
Business Acquisition [Line Items]
Equity interest acquired	82.50%	82.50%
Total Produce \| Legacy Dole
Business Acquisition [Line Items]
Equity interest acquired	55.00%	55.00%
Total consideration	$ 576,200
Legacy Dole
Business Acquisition [Line Items]
Remaining ownership percentage							0.550
C&C Parties \| Dole plc
Business Acquisition [Line Items]
Equity interest acquired	17.50%	17.50%
Legacy Dole
Business Acquisition [Line Items]
Investment balance	$ 259,000	$ 259,000	0	340,485	313,289
Impairment recognized upon the Acquisition		122,926	122,926	0	0
Gain from investments acquired			$ 4,023	0	$ 0
Goodwill	328,794	328,794		$ 328,794
Legacy Dole \| Total Produce
Business Acquisition [Line Items]
Ownership percentage			45.00%	45.00%			45.00%
Investment balance	$ 259,000	$ 259,000					$ 300,000

BUSINESS COMBINATIONS AND TRANSACTIONS - Schedule of Components of Purchase Price (Details) - Legacy Dole $ in Thousands	Jul. 29, 2021 USD ($)
Business Acquisition [Line Items]
Equity instruments	$ 576,186
Cash acquired	(108,973)
Net intercompany payable to Legacy Dole at acquisition	(6,900)
Net consideration	$ 460,313

BUSINESS COMBINATIONS AND TRANSACTIONS - Schedule of Assets and Liabilities Acquired (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jul. 29, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill	$ 511,333		$ 234,161	$ 221,102
Legacy Dole
Business Acquisition [Line Items]
Current assets, less inventory and cash acquired		$ 611,526
Inventory		257,201
Property, plant and equipment		1,265,303
Intangible assets		310,659
Other assets		427,153
Goodwill		274,048
Current liabilities, less current portion of debt		(662,590)
Debt		(1,392,176)
Other liabilities		(621,193)
Assets and liabilities acquired		469,931
Noncontrolling interests assumed		(9,618)
Net assets and liabilities acquired		$ 460,313

BUSINESS COMBINATIONS AND TRANSACTIONS - Schedule of Pro Forma Revenue and Earnings (Details) - Legacy Dole - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Actual revenue	$ 1,915,458	$ 0
Net loss attributable to Legacy Dole	$ (80,604)	$ 0

BUSINESS COMBINATIONS AND TRANSACTIONS - Schedule of Pro Forma Information and Nonrecurring Adjustments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Material and nonrecurring pro forma adjustments:
Revenues, net	$ 6,454,402	$ 4,345,939	$ 4,166,799
Merger & IPO costs	(30,072)	(396)	(198)
Net impact of interest, net of tax	27,030	10,523	12,042
Removal of equity method pickup of Legacy Dole investment, net of tax	(48,027)	(30,279)	$ (36,943)
Legacy Dole
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Pro forma revenue	9,285,672	8,969,405
Net income attributable to Dole plc	151,651	8,567
Legacy Dole \| Acquisition-related Costs
Material and nonrecurring pro forma adjustments:
Incremental charges on biological assets and inventory and depreciation impact	0	(98,162)
Merger & IPO costs	0	(30,876)
Net impact of interest, net of tax	0	29,653
Removal of equity method pickup of Legacy Dole investment, net of tax	(24,396)	(19,134)
Legacy Dole \| Acquisition-related Costs \| Eliminations
Material and nonrecurring pro forma adjustments:
Revenues, net	$ (72,389)	$ (48,533)

REVENUE (Details) - USD ($) $ in Thousands	12 Months Ended
REVENUE (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Total revenue, net	$ 6,454,402	$ 4,345,939	$ 4,166,799
Retail
Disaggregation of Revenue [Line Items]
Total revenue, net	3,970,101	2,668,454	2,386,697
Wholesale
Disaggregation of Revenue [Line Items]
Total revenue, net	1,913,961	1,252,547	1,252,562
Food service
Disaggregation of Revenue [Line Items]
Total revenue, net	365,931	311,317	421,312
Commercial cargo and other services
Disaggregation of Revenue [Line Items]
Total revenue, net	83,638	0	0
Revenue from equity method investments
Disaggregation of Revenue [Line Items]
Total revenue, net	120,771	113,621	106,228
Fresh fruit
Disaggregation of Revenue [Line Items]
Total revenue, net	982,652	0	0
Fresh packed vegetables
Disaggregation of Revenue [Line Items]
Total revenue, net	120,648	0	0
Value added vegetables
Disaggregation of Revenue [Line Items]
Total revenue, net	400,747	0	0
Diversified produce
Disaggregation of Revenue [Line Items]
Total revenue, net	4,730,080	4,221,899	4,067,025
Health foods and consumer goods
Disaggregation of Revenue [Line Items]
Total revenue, net	136,149	124,040	99,774
Commercial cargo and other services
Disaggregation of Revenue [Line Items]
Total revenue, net	$ 84,126	$ 0	$ 0

SEGMENTS - Narrative (Details) - segment	5 Months Ended
SEGMENTS - Narrative (Details) - segment	Dec. 31, 2021	Dec. 31, 2020	Jul. 31, 2018
Segment Reporting Information [Line Items]
Number of reportable segments	4
Legacy Dole \| Total Produce
Segment Reporting Information [Line Items]
Ownership percentage	45.00%	45.00%	45.00%

SEGMENTS - Schedule of Sales and Adjusted EBITDA by Reportable Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Total revenue, net	$ 6,454,402,000	$ 4,345,939,000	$ 4,166,799,000
Income (loss) before income taxes and equity earnings	(44,552,000)	59,103,000	42,756,000
Income tax benefit (expense)	13,333,000	(18,130,000)	(10,312,000)
Net interest expense	(27,030,000)	(10,523,000)	(12,042,000)
Depreciation	(61,551,000)	(24,634,000)	(22,900,000)
Amortization of intangible assets	(11,404,000)	(11,548,000)	(11,509,000)
Merger, transaction and other related costs	(30,072,000)	(396,000)	(198,000)
Net unrealized gain (loss) on derivatives	(1,257,000)	(633,000)	(13,000)
Unrealized gain on foreign currency denominated borrowings	5,453,000	0	0
Fair value movement on contingent consideration	(1,036,000)	(519,000)	228,000
Impairment of property, plant and equipment	0	(1,210,000)	0
Asset write-downs, net of insurance proceeds	(623,000)	0	0
Produce recall costs	(17,649,000)	0	0
Fair value (loss) of Legacy Dole acquisition	(4,023,000)	0	0
Fair value gain of other acquisitions	7,670,000	0	0
Gain on disposal of equity method investments	1,096,000	0	0
Gain (loss) on disposal of businesses	11,000	0	(749,000)
Incremental charges on biological assets and inventory and depreciation impact	(65,916,000)	0	0
Restructuring costs	(3,172,000)	0	(1,280,000)
Net income (loss)	16,808,000	71,252,000	69,387,000
Legacy Dole Equity Method Investment
Segment Reporting Information [Line Items]
Income tax benefit (expense)	(27,297,000)	(22,329,000)	(16,532,000)
Net interest expense	(18,282,000)	(34,631,000)	(37,808,000)
Depreciation	(30,390,000)	(45,135,000)	(40,601,000)
Amortization of intangible assets	(3,218,000)	(2,895,000)	(3,012,000)
Dole’s share of other items	2,039,000	(7,706,000)	(4,591,000)
Legacy Dole
Segment Reporting Information [Line Items]
Income (loss) before income taxes and equity earnings	93,353,000	114,117,000	112,873,000
Fresh fruit
Segment Reporting Information [Line Items]
Income (loss) before income taxes and equity earnings	26,965,000	0	0
Diversified Fresh Produce - EMEA
Segment Reporting Information [Line Items]
Income (loss) before income taxes and equity earnings	128,098,000	105,089,000	90,323,000
Diversified Fresh Produce - Americas & ROW
Segment Reporting Information [Line Items]
Income (loss) before income taxes and equity earnings	41,737,000	32,335,000	27,510,000
Fresh Vegetables
Segment Reporting Information [Line Items]
Income (loss) before income taxes and equity earnings	(27,000)	0	0
Operating Segments
Segment Reporting Information [Line Items]
Total revenue, net	6,491,759,000	4,345,939,000	4,166,799,000
Operating Segments \| Fresh fruit
Segment Reporting Information [Line Items]
Total revenue, net	1,133,038,000	0	0
Operating Segments \| Diversified Fresh Produce - EMEA
Segment Reporting Information [Line Items]
Total revenue, net	3,383,009,000	3,119,746,000	3,032,419,000
Operating Segments \| Diversified Fresh Produce - Americas & ROW
Segment Reporting Information [Line Items]
Total revenue, net	1,465,025,000	1,226,193,000	1,134,380,000
Operating Segments \| Fresh Vegetables
Segment Reporting Information [Line Items]
Total revenue, net	510,687,000	0	0
Intersegment Eliminations
Segment Reporting Information [Line Items]
Total revenue, net	$ (37,357,000)	$ 0	$ 0

SEGMENTS - Schedule of Revenue and Long-Lived Assets, by Geographic Location (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue, net	$ 6,454,402	$ 4,345,939	$ 4,166,799
Total long-lived assets	1,430,850	219,665
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue, net	2,313,358	1,072,472	971,902
Total long-lived assets	395,437	14,057
Costa Rica
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	296,987	0
Vessels and containers on-the-water or in-transit
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	234,959	0
Honduras
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	117,419	0
Chile
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	88,482	79
Ecuador
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	88,011	0
UK
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue, net	796,474	687,760	721,525
Total long-lived assets	36,995	42,419
Czech Republic
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	32,636	27,431
Sweden
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue, net	613,911	549,447	533,170
Total long-lived assets	30,793	38,597
Denmark
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	26,578	30,363
Spain
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue, net	637,123	592,306	562,655
Total long-lived assets	24,993	27,780
Ireland
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue, net	416,410	404,482	377,199
Total long-lived assets	23,523	26,254
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue, net	1,677,126	1,039,472	$ 1,000,348
Total long-lived assets	$ 34,037	$ 12,685

OTHER INCOME (EXPENSE), NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Income and Expenses [Abstract]
Rental income	$ 5,202	$ 2,708	$ 2,270
Unrealized gain on foreign currency denominated borrowings	5,453	0	0
Loss on investments	(286)	0	0
Non-service components of net periodic pension benefit (cost)	176	(2,169)	(419)
Gain (loss) on contingent consideration	(1,036)	(519)	228
Other	(851)	(139)
Other			2,062
Other income (expense), net	$ 8,658	$ (119)	$ 4,141

RECEIVABLES AND ALLOWANCES FOR CREDIT LOSSES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Trade receivables	$ 719,114	$ 361,721
Trade receivables, allowances for credit losses	22,064	10,122	$ 5,661
Non-recourse trade receivable financing	108,500	115,300
Non-recourse trade accounts receivables sold	1,300,000	1,100,000	$ 800,000
Trade receivables derecognized	54,800	57,600
Net advances to growers	82,700	22,800
Past Due
Financing Receivable, Past Due [Line Items]
Net advances to growers	$ 7,000	$ 1,000

RECEIVABLES AND ALLOWANCES FOR CREDIT LOSSES - Schedule of Allowance for Credit Losses for Trade Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Trade receivables, allowances for credit losses at beginning of period	$ (10,122)	$ (5,661)
Acquisitions	(13,581)	(157)
Additional provisions in the period	(2,783)	(5,468)
Disposals	216
Write-offs	1,776	1,976
Recoveries of amounts previously reserved	2,114
Balance sheet reclassifications	(389)
Foreign exchange impact	705	(812)
Trade receivables, allowances for credit losses at end of period	$ (22,064)	$ (10,122)

RECEIVABLES AND ALLOWANCES FOR CREDIT LOSSES - Schedule of Grower Advances (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Short-Term
Allowances for advances to growers and suppliers	$ (9,606)	$ (5,598)
Net advances to growers and suppliers	72,350	18,946
Long-Term
Net advances to growers and suppliers	10,337	3,903
Secured advances
Short-Term
Gross advances to growers and suppliers	49,919	22,678
Allowances for advances to growers and suppliers	(5,512)	(3,732)
Long-Term
Gross advances to growers and suppliers	11,456	4,935
Allowances for advances to growers and suppliers	(1,735)	(1,032)
Unsecured advances
Short-Term
Gross advances to growers and suppliers	32,037	1,865
Allowances for advances to growers and suppliers	(4,094)	(1,865)
Long-Term
Gross advances to growers and suppliers	1,358	1,197
Allowances for advances to growers and suppliers	$ (742)	$ (1,197)

RECEIVABLES AND ALLOWANCES FOR CREDIT LOSSES - Schedule of Allowance for Credit Losses for Growers Advances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for expected credit losses to grower advances at beginning of period	$ (7,827)	$ (6,175)
Acquisitions	(3,785)
Disposals	431
Additional provisions in the period	(1,970)	(2,441)
Recoveries of amounts previously reserved	177
Write-offs	720	385
Balance sheet reclassifications	13	566
Foreign exchange impact	158	(162)
Allowance for expected credit losses to grower advances at end of period	$ (12,083)	$ (7,827)

- Definition

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

+ References + Details

RECEIVABLES AND ALLOWANCES FOR CREDIT LOSSES - Schedule of Allowance for Credit Losses for Other Receivables (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Other Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for expected credit losses related to other receivables at beginning of period	$ (621)	$ (137)
Acquisitions	(23,931)
Additional provisions in the period	(1,415)	(304)
Recoveries of amounts previously reserved		761
Write-offs	503	5
Balance sheet reclassifications	316	(138)
Foreign exchange impact	196	(47)
Allowance for expected credit losses related to other receivables at end of period	$ (24,191)	$ (621)

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Expense [Line Items]
Increase in valuation allowance	$ 76,800	$ 4,300
Valuation allowance related to acquisition	83,800
Valuation allowance related to disposal	3,400
Valuation allowance, increase recognized	1,000
Valuation allowance related to exchange rate translation adjustments	4,550	(1,480)
Book-over-tax basis difference	599,600
Estimated withholding and income taxes on book-over-tax basis difference	39,800
Unremitted earnings of overseas subsidiaries		10,600
Unremitted earnings of overseas subsidiaries, potential tax liability		500
Unrecognized tax benefit	48,081	12,699	$ 11,928
Additional income tax benefit	43,300	6,100
Potential decrease in total unrecognized tax benefit	33,000
Interest and penalties recognized during the period	(4,900)	200
Accrued interest and penalties	10,300	$ 2,100
State and Local Jurisdiction
Income Tax Expense [Line Items]
Tax credit carryforwards	7,600
Tax credit carryforwards, subject to expiration	7,500
Tax credit carryforwards, not subject to expiration	100
Foreign Tax Authority
Income Tax Expense [Line Items]
Tax credit carryforwards	1,400
Foreign Tax Authority \| Tax Year 2029
Income Tax Expense [Line Items]
Tax credit carryforwards, subject to expiration	800
Foreign Tax Authority \| Tax Year 2030
Income Tax Expense [Line Items]
Tax credit carryforwards, subject to expiration	100
Foreign Tax Authority \| Tax Year 2031
Income Tax Expense [Line Items]
Tax credit carryforwards, subject to expiration	$ 500

INCOME TAXES - Schedule of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current tax (benefit) expense:
Federal	$ 720	$ 262	$ (280)
Current tax (benefit) expense:	9,835	18,828	18,278
Deferred tax (benefit) expense:
Federal	354	185	566
Deferred tax (benefit) expense:	(23,168)	(698)	(7,966)
Total	(13,333)	18,130	10,312
U.S.
Current tax (benefit) expense:
Foreign	(17,422)	2,706	3,109
Deferred tax (benefit) expense:
Foreign	(990)	(298)	(1,948)
Foreign (excluding U.S.)
Current tax (benefit) expense:
Foreign	26,537	15,860	15,449
Deferred tax (benefit) expense:
Foreign	$ (22,532)	$ (585)	$ (6,584)

INCOME TAXES - Schedule of Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Expense [Line Items]
Income (loss) before income taxes and equity earnings, domestic	$ (5,904)	$ 2,852	$ 2,597
Income (loss) before income taxes and equity earnings	(44,552)	59,103	42,756
U.S.
Income Tax Expense [Line Items]
Income (loss) before income taxes and equity earnings, foreign	(66,440)	7,615	978
Foreign (excluding U.S.)
Income Tax Expense [Line Items]
Income (loss) before income taxes and equity earnings, foreign	$ 27,792	$ 48,636	$ 39,181

INCOME TAXES - Schedule of Effective Income Tax Expense Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Irish Statutory tax rate	12.50%
(Benefit) expense computed at the Irish statutory rate of 12.5%	$ (5,569)	$ 7,388	$ 5,345
Foreign income taxed at different rates	5,258	8,247	1,908
Change in valuation allowances	966	2,824	740
Tax exempt income	(188)	(248)	0
Expenses not deductible for income tax purposes	4,497	1,467	1,227
Changes in unrecognized tax benefits, net of indirect benefits	(18,263)	(648)	32
Contingent consideration adjustments	139	(329)	163
Changes in estimates made in respect of prior periods	(63)	(678)	821
Other items	(110)	107	76
Total	$ (13,333)	$ 18,130	$ 10,312

INCOME TAXES - Schedule of Deferred Tax Recognized In Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Deferred tax benefit (expense) on remeasurement gain (loss) on defined benefit plans	$ (555)	$ 2,584	$ 84
Deferred tax (expense) on remeasurement gain (loss) on hedge accounting	(363)	0	0
Deferred tax (expense) on remeasurement gain (loss) on interest rate swap	(2,445)	0	0
Deferred tax (expense) on remeasurement gain (loss) on equity method investments	(832)	0	0
Total deferred tax benefit (expense) recognized in other comprehensive income (loss)	$ (4,195)	$ 2,584	$ 84

INCOME TAXES - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred income tax assets:
Intangible assets	$ 2,739	$ 0
Property, plant and equipment	26,724	996
Operating leases	44,626	583
Accounts payable and accrued liabilities	35,570	7,295
Pension and postretirement benefits	29,364	4,153
Operating loss carry-forwards	113,913	18,548
Tax credit carry-forwards	9,021	0
Investments in unconsolidated affiliates	1,248	0
Other	11,976	1,335
Total deferred income tax assets	275,181	32,910
Valuation allowances	(93,205)	(16,395)	$ (12,091)
Offset against deferred income tax liabilities	(135,605)	(9,833)
Total deferred income tax assets, net	46,371	6,682
Deferred income tax liabilities:
Intangible assets	97,132	18,982
Property, plant and equipment	132,410	3,863
Operating leases	43,349	120
Accounts payable and accrued liabilities	3,790	0
Pension and postretirement benefits	1,800	0
Investments in unconsolidated affiliates	172	9,097
Other	2,641	222
Total deferred income tax liabilities	281,294	32,284
Offset against deferred income tax assets	(135,605)	(9,833)
Total deferred income tax liabilities, net	$ 145,689	$ 22,451

INCOME TAXES - Schedule of Operating Loss Carryforwards (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Operating Loss Carryforwards [Line Items]
2022	$ 42,095
2023	41,808
2024	31,743
2025	18,447
2026	14,422
Indefinite	803,637
Total	952,152
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
2022	0
2023	0
2024	0
2025	0
2026	0
Indefinite	34,421
Total	34,421
Foreign Tax Authority \| U.S.
Operating Loss Carryforwards [Line Items]
2022	28,040
2023	36,706
2024	26,202
2025	18,364
2026	14,356
Indefinite	679,691
Total	803,359
Foreign Tax Authority \| Foreign (excluding U.S.)
Operating Loss Carryforwards [Line Items]
2022	14,055
2023	5,102
2024	5,541
2025	83
2026	66
Indefinite	89,525
Total	$ 114,372

INCOME TAXES - Schedule of Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Valuation Allowance [Roll Forward]
Valuation allowance at beginning of period	$ 16,395	$ 12,091
Changes on acquisition/disposal	80,394
Increase recognized in the income statement	4,384	4,509
Decrease recognized in the income statement	(3,418)	(1,685)
Translation adjustments	(4,550)	1,480
Valuation allowance at end of period	$ 93,205	$ 16,395

INCOME TAXES - Schedule of Unrecognized Tax Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefit at beginning of period	$ 12,699	$ 11,928
Changes on acquisition/disposal	52,341
Increases due to tax positions taken in the current year	1,004	2,190
Decreases due to lapse of statute of limitations	(17,056)	(2,704)
Translation adjustments		1,285
Translation adjustments	(907)
Unrecognized tax benefit at end of period	$ 48,081	$ 12,699

DETAILS OF ACCRUED LIABLIITES (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Environmental and insurance reserves	$ 2,316	$ 1,132
Employee-related costs and benefits	130,663	42,358
Amounts due to growers	127,615	12,633
Sales, marketing and advertising	46,414	8,981
Shipping related costs	35,694	665
Materials and supplies	38,646	474
Accrued interest	2,134	783
Deferred income	2,038	788
Professional services	17,420	13,349
Other fees	2,511	2,642
Accrued rent	1,362	908
Other accrued capital expenditures	52	4,243
Hedging liability	800	1,424
Miscellaneous other accrued liabilities	57,266	33,083
Total accrued liabilities	$ 464,931	$ 123,463

ASSETS HELD-FOR-SALE AND ACTIVELY MARKETED PROPERTY - Narrative (Details)		12 Months Ended
	Jul. 29, 2021 USD ($) a vessel	Dec. 31, 2021 USD ($)	Dec. 31, 2021 USD ($) vessel	Dec. 31, 2021 USD ($) property	Dec. 31, 2021 USD ($) a	Dec. 31, 2020 USD ($)
Real Estate [Line Items]
Held-for-sale assets acquired		$ 14,701,000
Assets held-for-sale		200,000	$ 200,000	$ 200,000	$ 200,000	$ 0
Number of held-for-sale assets sold			2	1
Actively marketed property acquired		52,751,000
Actively marketed property		50,364,000	$ 50,364,000	$ 50,364,000	$ 50,364,000	$ 0
Hawaii Land
Real Estate [Line Items]
Area of land sold (in acres) \| a					725
Actively marketed property		2,400,000	2,400,000	2,400,000	$ 2,400,000
Company-owned Plane
Real Estate [Line Items]
Assets held-for-sale		7,200,000	7,200,000	7,200,000	7,200,000
Vessels
Real Estate [Line Items]
Assets held-for-sale		8,800,000	8,800,000	8,800,000	8,800,000
Later America Properties
Real Estate [Line Items]
Assets held-for-sale		4,100,000	4,100,000	4,100,000	4,100,000
Ranch In North America
Real Estate [Line Items]
Assets held-for-sale		$ 1,600,000	$ 1,600,000	$ 1,600,000	$ 1,600,000
Legacy Dole
Real Estate [Line Items]
Held-for-sale assets acquired	$ 14,700,000
Number of assets acquired considered held-for-sale \| vessel	2
Actively marketed property acquired	$ 52,800,000
Legacy Dole \| Hawaii Land
Real Estate [Line Items]
Area of land (in acres) \| a	5,173

ASSETS HELD-FOR-SALE AND ACTIVELY MARKETED PROPERTY - Rollforward of Assets Held-for-Sale (Details)	12 Months Ended
	Dec. 31, 2021 USD ($)
Assets Held-for-Sale [Roll Forward]
Balance at beginning of period	$ 0
Additions from the acquisition of Legacy Dole	14,701,000
Balance at end of period	200,000
Vessels
Assets Held-for-Sale [Roll Forward]
Sale of assets-held-for-sale	(8,813,000)
Balance at end of period	8,800,000
Later America Properties
Assets Held-for-Sale [Roll Forward]
Sale of assets-held-for-sale	(4,078,000)
Balance at end of period	4,100,000
Company-owned Plane
Assets Held-for-Sale [Roll Forward]
Transfer of plane	7,187,000
Sale of assets-held-for-sale	(7,187,000)
Balance at end of period	7,200,000
North America Property
Assets Held-for-Sale [Roll Forward]
Sale of assets-held-for-sale	$ (1,610,000)

ASSETS HELD-FOR-SALE AND ACTIVELY MARKETED PROPERTY - Rollforward of Actively Marketed Property (Details)	12 Months Ended
	Dec. 31, 2021 USD ($)
Actively Marketed Assets [Roll Forward]
Balance at beginning of period	$ 0
Additions from the acquisition of Legacy Dole	52,751,000
Hawaii land sales	(2,387,000)
Balance at end of period	$ 50,364,000

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 1,714,527	$ 379,776
Property, plant and equipment, accumulated depreciation	(283,677)	(160,111)
Total net property, plant and equipment	1,430,850	219,665
Depreciation	61,551	24,634	$ 22,900
Incremental depreciation charge	$ 29,600
Minimum
Property, Plant and Equipment [Line Items]
Useful lives of property, plant and equipment	25 years
Maximum
Property, Plant and Equipment [Line Items]
Useful lives of property, plant and equipment	2 years
Land and land improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 544,057	26,963
Land and land improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful lives of property, plant and equipment	1 year
Land and land improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful lives of property, plant and equipment	30 years
Buildings and leasehold improvements
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 399,392	121,631
Buildings and leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful lives of property, plant and equipment	2 years
Buildings and leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful lives of property, plant and equipment	50 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 368,754	187,664
Machinery and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful lives of property, plant and equipment	1 year
Machinery and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful lives of property, plant and equipment	25 years
Computer software
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 65,036	29,175
Computer software \| Minimum
Property, Plant and Equipment [Line Items]
Useful lives of property, plant and equipment	1 year
Computer software \| Maximum
Property, Plant and Equipment [Line Items]
Useful lives of property, plant and equipment	10 years
Vessels and containers
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 233,376	0
Vessels and containers \| Minimum
Property, Plant and Equipment [Line Items]
Useful lives of property, plant and equipment	1 year
Vessels and containers \| Maximum
Property, Plant and Equipment [Line Items]
Useful lives of property, plant and equipment	30 years
Machinery and equipment and vessel containers under finance leases
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 48,195	14,343
Construction in progress
Property, Plant and Equipment [Line Items]
Gross property, plant and equipment	$ 55,717	$ 0

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jul. 29, 2021
Goodwill [Line Items]
Additions	$ 314,700,000
Gross goodwill	540,100,000	$ 263,000,000.0
Accumulated impairment losses of goodwill	28,800,000	28,800,000
Goodwill	511,333,000	234,161,000	$ 221,102,000
Gross Carrying Amount		185,210,000
Amortization expense	11,400,000	11,500,000	11,500,000
Impairment of goodwill and intangible assets	0	$ 0	$ 0
DOLE brand
Goodwill [Line Items]
Gross Carrying Amount	$ 306,300,000
Legacy Dole
Goodwill [Line Items]
Goodwill				$ 274,048,000

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Goodwill at beginning of period	$ 234,161	$ 221,102
Additions	290,420	1,098
Disposals	(414)
Foreign exchange impact	(12,834)	11,961
Goodwill at end of period	511,333	234,161
Fresh fruit
Goodwill [Roll Forward]
Goodwill at beginning of period	0	0
Additions	274,048	0
Disposals	0
Foreign exchange impact	0	0
Goodwill at end of period	274,048	0
Diversified Fresh Produce - EMEA
Goodwill [Roll Forward]
Goodwill at beginning of period	133,575	120,866
Additions	16,372	1,031
Disposals	(414)
Foreign exchange impact	(8,907)	11,678
Goodwill at end of period	140,626	133,575
Diversified Fresh Produce - Americas & ROW
Goodwill [Roll Forward]
Goodwill at beginning of period	100,586	100,236
Additions	0	67
Disposals	0
Foreign exchange impact	(3,927)	283
Goodwill at end of period	96,659	100,586
Fresh Vegetables
Goodwill [Roll Forward]
Goodwill at beginning of period	0	0
Additions	0	0
Disposals	0
Foreign exchange impact	0	0
Goodwill at end of period	$ 0	$ 0

GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount		$ 185,210
Accumulated Amortization	$ (117,499)	(119,576)
Net Carrying Amount	57,860	65,634
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	485,825
Accumulated Amortization	(117,499)	(119,576)
Net Carrying Amount	368,326	65,634	$ 78,576
Supplier relationships
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	29,179	30,405
Accumulated Amortization	(17,869)	(17,108)
Net Carrying Amount	11,310	13,297
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(17,869)	(17,108)
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	132,953	141,157
Accumulated Amortization	(92,357)	(95,580)
Net Carrying Amount	40,596	45,577
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(92,357)	(95,580)
Other
Finite-Lived Intangible Assets, Net [Abstract]
Gross Carrying Amount	13,227	13,648
Accumulated Amortization	(7,273)	(6,888)
Net Carrying Amount	5,954	6,760
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(7,273)	$ (6,888)
DOLE brand
Indefinite-lived Intangible Assets (Excluding Goodwill) [Abstract]
Gross Carrying Amount	306,280
Water rights
Indefinite-lived Intangible Assets (Excluding Goodwill) [Abstract]
Gross Carrying Amount	$ 4,186

GOODWILL AND INTANGIBLE ASSETS - Rollforward of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Intangible Assets [Roll Forward]
Intangible assets at beginning of period	$ 65,634	$ 78,576
Additions	314,749	186
Disposals		(298)
Amortization	(11,404)	(11,548)	$ (11,509)
Foreign exchange impact	(653)	(1,282)
Intangible assets at end of period	$ 368,326	$ 65,634	$ 78,576

GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 11,180
2023	10,585
2024	9,509
2025	8,237
2026	6,763
Thereafter	11,586
Net Carrying Amount	$ 57,860	$ 65,634

NOTES PAYABLE, BANK OVERDRAFTS AND LONG-TERM DEBT - Schedule of Debt (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Bank overdrafts	$ 9,395,000	$ 11,243,000
Total finance lease liability	40,719,000	9,352,000
Long-term debt	1,380,051,000	346,831,000
Unamortized debt discounts and debt issuance costs	(21,063,000)	0
Long-term debt	1,358,988,000	346,831,000
Current maturities, net of unamortized debt discounts and debt issuance costs	(51,785,000)	(20,748,000)
Bank overdrafts	(9,395,000)	(11,243,000)
Long-term debt, net	$ 1,297,808,000	$ 314,840,000
Weighted average interest rate		3.20%
Weighted-average discount rate of finance leases	3.50%	2.40%
Loans Payable \| Term Loan A and Term Loan B
Debt Instrument [Line Items]
Long-term debt gross	$ 836,775,000	$ 0
Loans Payable \| Vessel financing loans
Debt Instrument [Line Items]
Long-term debt gross	104,184,000	0
Loans Payable \| Other financing arrangements
Debt Instrument [Line Items]
Long-term debt gross	57,361,000	7,885,000
Notes payable, at a weighted average interest rate of 3.2% as of December 31, 2020 \| Notes Payable
Debt Instrument [Line Items]
Long-term debt gross	0	60,097,000
Long-term debt	0	60,100,000
Revolving Credit Facility \| Line of Credit
Debt Instrument [Line Items]
Long-term debt gross	312,017,000	0
Other revolving credit facilities \| Line of Credit
Debt Instrument [Line Items]
Long-term debt gross	19,600,000	258,254,000
Long-term debt	$ 19,600,000	$ 258,300,000

NOTES PAYABLE, BANK OVERDRAFTS AND LONG-TERM DEBT - Narrative (Details)					1 Months Ended			12 Months Ended
	Apr. 07, 2021 USD ($)	Mar. 29, 2021 USD ($)	Jan. 14, 2021 USD ($)	Oct. 30, 2020 USD ($) agreement vessel installment	Jul. 31, 2031 USD ($)	Jul. 31, 2022 USD ($)	Apr. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) loan arrangement	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Sep. 30, 2021 USD ($)	Aug. 03, 2021 USD ($)	Mar. 26, 2021 USD ($)	Dec. 31, 2017 facility	Dec. 11, 2015 USD ($) loan vessel installment
Debt Instrument [Line Items]
Long-term debt								$ 1,358,988,000	$ 346,831,000
Bank overdrafts								9,395,000	11,243,000
Total finance lease liability								$ 40,719,000	9,352,000
Maximum leverage ratio, period 1								4.50
Maximum leverage ratio, period 2								4.25
Maximum leverage ratio, thereafter								4.00
Amortization of debt discounts and debt issuance costs								$ 2,634,000	0	$ 0
Line of Credit
Debt Instrument [Line Items]
Current borrowing capacity								271,000,000.0
Line of Credit \| Subsidiaries
Debt Instrument [Line Items]
Maximum borrowing capacity								250,600,000	195,700,000
Current borrowing capacity								212,000,000.0	185,000,000.0
Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity								$ 600,000,000				$ 600,000,000
Percentage bearing variable interest, amount											$ 600,000,000
Line of Credit \| Revolving Credit Facility \| LIBOR
Debt Instrument [Line Items]
Interest rate benchmark (minimum)								0.00%
Line of Credit \| Revolving Credit Facility \| LIBOR \| Minimum
Debt Instrument [Line Items]
Basis spread								1.00%
Line of Credit \| Revolving Credit Facility \| LIBOR \| Maximum
Debt Instrument [Line Items]
Basis spread								2.75%
Line of Credit \| Revolving Credit Facility \| Base Rate \| Minimum
Debt Instrument [Line Items]
Basis spread								0.00%
Line of Credit \| Revolving Credit Facility \| Base Rate \| Maximum
Debt Instrument [Line Items]
Basis spread								1.75%
Line of Credit \| Revolving Credit Facility \| Total Produce
Debt Instrument [Line Items]
Maximum borrowing capacity													$ 500,000,000
Proceeds from revolving credit facility		$ 500,000,000
Temporary deposit		$ 232,000,000
Repayment of revolving credit facility							$ 232,000,000
Revolving credit facility drawn amount							$ 268,000,000
Line of Credit \| Letter of Credit
Debt Instrument [Line Items]
Revolving credit facility drawn amount								$ 17,000,000.0
Line of Credit \| Other revolving credit facilities
Debt Instrument [Line Items]
Maximum borrowing capacity								55,000,000
Long-term debt								19,600,000	258,300,000
Loans Payable
Debt Instrument [Line Items]
Principal amount								$ 23,100,000
Debt term								10 years
Loans Payable \| LIBOR
Debt Instrument [Line Items]
Basis spread								2.39%
Loans Payable \| Term Loan B
Debt Instrument [Line Items]
Maximum borrowing capacity												540,000,000
Periodic principal payment								$ 1,400,000
Loans Payable \| Term Loan B \| LIBOR
Debt Instrument [Line Items]
Interest rate benchmark (minimum)								0.00%
Loans Payable \| Term Loan B \| LIBOR \| Minimum
Debt Instrument [Line Items]
Basis spread								2.00%
Loans Payable \| Term Loan B \| LIBOR \| Maximum
Debt Instrument [Line Items]
Basis spread								2.25%
Loans Payable \| Term Loan B \| Base Rate \| Minimum
Debt Instrument [Line Items]
Basis spread								1.00%
Loans Payable \| Term Loan B \| Base Rate \| Maximum
Debt Instrument [Line Items]
Basis spread								1.25%
Loans Payable \| Term Loan A
Debt Instrument [Line Items]
Maximum borrowing capacity												$ 300,000,000
Periodic principal payment								$ 1,900,000
Loans Payable \| Term Loan A \| LIBOR
Debt Instrument [Line Items]
Interest rate benchmark (minimum)								0.00%
Loans Payable \| Term Loan A \| LIBOR \| Minimum
Debt Instrument [Line Items]
Basis spread								1.00%
Loans Payable \| Term Loan A \| LIBOR \| Maximum
Debt Instrument [Line Items]
Basis spread								2.75%
Loans Payable \| Term Loan A \| Base Rate \| Minimum
Debt Instrument [Line Items]
Basis spread								0.00%
Loans Payable \| Term Loan A \| Base Rate \| Maximum
Debt Instrument [Line Items]
Basis spread								1.75%
Loans Payable \| Vessel financing loans
Debt Instrument [Line Items]
Number of secured loans \| loan								5
Loans Payable \| First Vessel Facility
Debt Instrument [Line Items]
Long-term debt								$ 57,800,000
Loans Payable \| Second Vessel Facility
Debt Instrument [Line Items]
Long-term debt								46,400,000
Loans Payable \| Other financing arrangements \| Legacy Dole
Debt Instrument [Line Items]
Debt assumed								40,200,000
Loans Payable \| Secured Long-Term Asset Financing Arrangement Due June 2026
Debt Instrument [Line Items]
Long-term debt								14,400,000
Loans Payable \| Secured Long-Term Asset Financing Arrangements Due July 2026 And July 2031
Debt Instrument [Line Items]
Long-term debt								$ 23,400,000
Number of financing arrangements \| arrangement								2
Loans Payable \| Secured Long-Term Asset Financing Arrangement Due July 2026
Debt Instrument [Line Items]
Debt term								10 years
Loans Payable \| Secured Long-Term Asset Financing Arrangement Due July 2026 \| Minimum
Debt Instrument [Line Items]
Floor rate								5.50%
Loans Payable \| Secured Long-Term Asset Financing Arrangement Due July 2026 \| LIBOR
Debt Instrument [Line Items]
Basis spread								5.00%
Loans Payable \| Secured Long-Term Asset Financing Arrangement Due July 2031
Debt Instrument [Line Items]
Debt term								10 years
Loans Payable \| Secured Long-Term Asset Financing Arrangement Due July 2031 \| Forecast
Debt Instrument [Line Items]
Periodic principal payment					$ 3,100,000	$ 10,100,000
Interest payment						$ 400,000
Loans Payable \| Total Produce \| Term Loan B
Debt Instrument [Line Items]
Maximum borrowing capacity													$ 940,000,000
Loans Payable \| Legacy Dole \| First Vessel Facility
Debt Instrument [Line Items]
Number of secured loans \| loan															3
Principal amount															$ 111,000,000
Number of vessels \| vessel															3
Maximum percentage of vessel contract cost borrowed															70.00%
Maximum amount of vessel contract cost borrowed															$ 37,000,000
Number of installments \| installment															48
Loans Payable \| Legacy Dole \| First Vessel Facility \| LIBOR \| Minimum
Debt Instrument [Line Items]
Basis spread								2.00%
Loans Payable \| Legacy Dole \| First Vessel Facility \| LIBOR \| Maximum
Debt Instrument [Line Items]
Basis spread								3.25%
Loans Payable \| Legacy Dole \| Second Vessel Facility
Debt Instrument [Line Items]
Number of secured loans \| agreement				2
Principal amount				$ 49,100,000
Number of vessels \| vessel				2
Maximum percentage of vessel contract cost borrowed				60.00%
Maximum amount of vessel contract cost borrowed				$ 24,500,000
Number of installments \| installment				18
Proceeds from debt	$ 24,500,000		$ 24,500,000
Debt term				9 years
Loans Payable \| Legacy Dole \| Second Vessel Facility \| LIBOR
Debt Instrument [Line Items]
Basis spread								3.25%
Notes payable, at a weighted average interest rate of 3.2% as of December 31, 2020 \| Notes Payable
Debt Instrument [Line Items]
Long-term debt								$ 0	$ 60,100,000
Notes payable, at a weighted average interest rate of 3.2% as of December 31, 2020 \| Total Produce \| Notes Payable
Debt Instrument [Line Items]
Number of private placement facilities \| facility														2

NOTES PAYABLE, BANK OVERDRAFTS AND LONG-TERM DEBT - Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Long-term Debt, Fiscal Year Maturity [Abstract]
2022	$ 60,954
2023	67,066
2024	41,425
2025	42,930
2026	609,038
Thereafter	558,638
Long-term debt	$ 1,380,051	$ 346,831

EMPLOYEE BENEFIT PLANS - Narrative (Details) $ in Thousands	12 Months Ended
EMPLOYEE BENEFIT PLANS - Narrative (Details) $ in Thousands	Dec. 31, 2021 USD ($) plan	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	Jul. 29, 2021 plan
Defined Benefit Plan Disclosure [Line Items]
Short-term investments	$ 6,115	$ 0
Expected contributions in 2022	17,700
Contributions to defined contribution plans	15,700	10,600	$ 10,100
Rabbi Trust Plans
Defined Benefit Plan Disclosure [Line Items]
Short-term investments	6,100
Long-term investments	$ 23,400
Pension Plan \| Legacy Dole \| Rabbi Trust Plans
Defined Benefit Plan Disclosure [Line Items]
Number of plans \| plan				2
Pension Plan \| International Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Number of plans \| plan	6
Company contributions	$ 10,297	3,822
Pension Plan \| Ireland
Defined Benefit Plan Disclosure [Line Items]
Number of plans \| plan	2
Pension Plan \| UK
Defined Benefit Plan Disclosure [Line Items]
Number of plans \| plan	2
Pension Plan \| Netherlands and Canada
Defined Benefit Plan Disclosure [Line Items]
Number of plans \| plan	2
Pension Plan \| United States
Defined Benefit Plan Disclosure [Line Items]
Company contributions	$ 1,450	$ 0
Pension Plan \| United States \| Qualified Plan
Defined Benefit Plan Disclosure [Line Items]
Company contributions	$ 300

EMPLOYEE BENEFIT PLANS - Change In Benefit Obligation and Plan Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Change in plan assets:
Fair value of plan assets at beginning of the year	$ 245,061
Fair value of plan assets at end of the year	460,050	$ 245,061
Amounts recognized in the consolidated balance sheets:
Pension and postretirement benefits	(17,664)	(5,787)
Pension and postretirement benefits, less current portion	(152,149)	(23,607)
Pension Plan \| United States
Change in projected benefit obligation:
Benefit obligation at beginning of the year	0	0
Acquisition of Legacy Dole	256,767	0
Service cost	107	0	$ 0
Interest cost	1,696	0	0
Foreign exchange impact	0	0
Actuarial loss (gain)	4,179	0
Plan amendments	0	0
Curtailments, settlements and terminations, net	0	0
Employee contributions	0	0
Benefits paid	(8,869)	0
Other	0	0
Benefit obligation at end of the year	253,880	0	0
Change in plan assets:
Fair value of plan assets at beginning of the year	0	0
Acquisition of Legacy Dole	234,221	0
Actual return on plan assets	(2,054)	0
Company contributions	1,450	0
Employee contributions	0	0
Benefits paid	(8,868)	0
Settlements	0	0
Foreign exchange impact	0	0
Other	0	0
Fair value of plan assets at end of the year	224,749	0	0
Funded status	(29,131)	0
Amounts recognized in the consolidated balance sheets:
Other assets	0	0
Pension and postretirement benefits	(2,243)	0
Pension and postretirement benefits, less current portion	(26,888)	0
Asset (liability)	(29,131)	0
Pension Plan \| International Pension Plans
Change in projected benefit obligation:
Benefit obligation at beginning of the year	266,320	227,747
Acquisition of Legacy Dole	114,099	0
Service cost	3,219	1,858	1,536
Interest cost	5,505	3,808	5,117
Foreign exchange impact	(12,107)	16,326
Actuarial loss (gain)	(4,432)	22,007
Plan amendments	(213)	279
Curtailments, settlements and terminations, net	(14,399)	0
Employee contributions	0	130
Benefits paid	(8,851)	(5,835)
Other	(140)	0
Benefit obligation at end of the year	349,001	266,320	227,747
Change in plan assets:
Fair value of plan assets at beginning of the year	245,061	215,602
Acquisition of Legacy Dole	0	0
Actual return on plan assets	13,901	16,325
Company contributions	10,297	3,822
Employee contributions	122	130
Benefits paid	(8,851)	(5,835)
Settlements	(14,419)	0
Foreign exchange impact	(10,581)	15,017
Other	(229)	0
Fair value of plan assets at end of the year	235,301	245,061	215,602
Funded status	(113,700)	(21,259)
Amounts recognized in the consolidated balance sheets:
Other assets	2,524	0
Pension and postretirement benefits	(13,209)	(5,787)
Pension and postretirement benefits, less current portion	(103,015)	(15,472)
Asset (liability)	(113,700)	(21,259)
OPRB Plans
Change in projected benefit obligation:
Benefit obligation at beginning of the year	0	0
Acquisition of Legacy Dole	18,655	0
Service cost	1	0	0
Interest cost	157	0	0
Foreign exchange impact	0	0
Actuarial loss (gain)	166	0
Plan amendments	0	0
Curtailments, settlements and terminations, net	0	0
Employee contributions	0	0
Benefits paid	(1,407)	0
Other	0	0
Benefit obligation at end of the year	17,572	0	0
Change in plan assets:
Fair value of plan assets at beginning of the year	0	0
Acquisition of Legacy Dole	0	0
Actual return on plan assets	0	0
Company contributions	1,407	0
Employee contributions	0	0
Benefits paid	(1,407)	0
Settlements	0	0
Foreign exchange impact	0	0
Other	0	0
Fair value of plan assets at end of the year	0	0	$ 0
Funded status	(17,572)	0
Amounts recognized in the consolidated balance sheets:
Other assets	0	0
Pension and postretirement benefits	(2,212)	0
Pension and postretirement benefits, less current portion	(15,360)	0
Asset (liability)	$ (17,572)	$ 0

EMPLOYEE BENEFIT PLANS - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plan \| United States
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	$ 11,011	$ 0	$ 0
Prior service (benefit)	0	0	0
Total	11,011	0	0
Pension Plan \| International Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	50,575	64,591	53,797
Prior service (benefit)	(8,241)	(8,952)	(9,758)
Total	42,334	55,639	44,039
OPRB Plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss	166	0	0
Prior service (benefit)	0	0	0
Total	$ 166	$ 0	$ 0

EMPLOYEE BENEFIT PLANS - Accumulated Benefit Obligations In Excess of Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Projected benefit obligation	$ 429,115	$ 253,980
Accumulated benefit obligation	406,233	251,381
Fair value of plan assets	$ 283,988	$ 231,707

EMPLOYEE BENEFIT PLANS - Projected Benefit Obligations in Excess of Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Projected benefit obligation	$ 519,342	$ 253,980
Accumulated benefit obligation	470,484	251,381
Fair value of plan assets	$ 356,415	$ 231,707

EMPLOYEE BENEFIT PLANS - Components of Net Periodic Benefit Cost and Other Changes Recognized in Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plan \| United States
Components of net periodic benefit cost:
Service cost	$ 107	$ 0	$ 0
Interest cost	1,696	0	0
Expected return on plan assets	(4,779)	0	0
Amortization of:
Net loss	0	0	0
Prior service (benefit)	0	0	0
Curtailments, settlements and terminations, net	0	0	0
Other	0	0	0
Net periodic cost (benefit)	(2,976)	0	0
Other changes recognized in other comprehensive income (loss):
Net loss (gain)	11,011	0	0
Prior service (benefit)	0	0	0
Amortization of:
Net (loss)	0	0	0
Prior service benefit	0	0	0
Foreign exchange impact and other	0	0	0
Income taxes expense (benefit)	2,643	0	0
Total recognized in other comprehensive income (loss)	13,654	0	0
Total recognized in net periodic benefit cost and other comprehensive income (loss), net of income taxes	10,678	0	0
Pension Plan \| International Pension Plans
Components of net periodic benefit cost:
Service cost	3,219	1,858	1,536
Interest cost	5,505	3,808	5,117
Expected return on plan assets	(6,883)	(7,275)	(6,791)
Amortization of:
Net loss	2,946	2,081	2,038
Prior service (benefit)	(812)	(785)	(783)
Curtailments, settlements and terminations, net	1,756	0	0
Other	238	0	0
Net periodic cost (benefit)	5,969	(313)	1,117
Other changes recognized in other comprehensive income (loss):
Net loss (gain)	(13,186)	12,957	5,010
Prior service (benefit)	(213)	0	0
Amortization of:
Net (loss)	(2,946)	(2,081)	(2,038)
Prior service benefit	812	785	783
Foreign exchange impact and other	(2,026)	1,309	188
Income taxes expense (benefit)	(3,209)	(2,154)	38
Total recognized in other comprehensive income (loss)	(20,768)	10,816	3,981
Total recognized in net periodic benefit cost and other comprehensive income (loss), net of income taxes	(14,799)	10,503	5,098
OPRB Plans
Components of net periodic benefit cost:
Service cost	1	0	0
Interest cost	157	0	0
Expected return on plan assets	0	0	0
Amortization of:
Net loss	0	0	0
Prior service (benefit)	0	0	0
Curtailments, settlements and terminations, net	0	0	0
Other	0	0	0
Net periodic cost (benefit)	158	0	0
Other changes recognized in other comprehensive income (loss):
Net loss (gain)	166	0	0
Prior service (benefit)	0	0	0
Amortization of:
Net (loss)	0	0	0
Prior service benefit	0	0	0
Foreign exchange impact and other	0	0	0
Income taxes expense (benefit)	11	0	0
Total recognized in other comprehensive income (loss)	177	0	0
Total recognized in net periodic benefit cost and other comprehensive income (loss), net of income taxes	$ 335	$ 0	$ 0

EMPLOYEE BENEFIT PLANS - Assumptions (Details)	12 Months Ended
EMPLOYEE BENEFIT PLANS - Assumptions (Details)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plan \| United States
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	2.62%	0.00%
Rate of compensation increase	3.00%	0.00%
Rate of increase in pensions	0.00%	0.00%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	2.39%	0.00%	0.00%
Rate of compensation increase	3.00%	0.00%	0.00%
Rate of increase in pensions	0.00%	0.00%	0.00%
Rate of return on plan assets	5.00%	0.00%	0.00%
Pension Plan \| International Pension Plans
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	2.61%	1.26%
Rate of compensation increase	1.98%	1.82%
Rate of increase in pensions	1.90%	1.59%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	2.29%	1.72%	2.53%
Rate of compensation increase	2.84%	1.74%	1.73%
Rate of increase in pensions	1.68%	1.58%	1.92%
Rate of return on plan assets	2.85%	3.41%	3.54%
OPRB Plans
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	3.18%	0.00%
Rate of compensation increase	0.00%	0.00%
Rate of increase in pensions	0.00%	0.00%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	2.72%	0.00%	0.00%
Rate of compensation increase	0.00%	0.00%	0.00%
Rate of increase in pensions	0.00%	0.00%	0.00%
Rate of return on plan assets	0.00%	0.00%	0.00%

EMPLOYEE BENEFIT PLANS - Assumed Health Care Rates (Details) - OPRB Plans	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Health care costs trend rate assumed for next year	6.49%	0.00%
Rate of increase to which the cost of benefits is assumed to decline (the ultimate trend rate)	4.50%	0.00%
Year that the rate reaches the ultimate trend rate	2029

EMPLOYEE BENEFIT PLANS - Plan Asset Allocation (Details)	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Target Allocation	100.00%
Actual allocation	100.00%	100.00%
Fixed income securities
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Target Allocation	48.00%
Actual allocation	48.00%	51.00%
Equity securities
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Target Allocation	27.00%
Actual allocation	27.00%	25.00%
Other
Defined Benefit Plan, Plan Assets, Allocation [Line Items]
Target Allocation	25.00%
Actual allocation	25.00%	24.00%

EMPLOYEE BENEFIT PLANS - Future Expected Benefit Payments (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Pension Plan \| United States
Defined Benefit Plan Disclosure [Line Items]
2022	$ 21,771
2023	20,985
2024	20,150
2025	19,317
2026	18,540
Thereafter	80,313
Total	181,076
Pension Plan \| International Pension Plans
Defined Benefit Plan Disclosure [Line Items]
2022	19,512
2023	14,000
2024	13,572
2025	13,082
2026	14,127
Thereafter	80,315
Total	154,608
OPRB Plans
Defined Benefit Plan Disclosure [Line Items]
2022	2,212
2023	2,113
2024	1,935
2025	1,831
2026	1,679
Thereafter	5,749
Total	$ 15,519

EMPLOYEE BENEFIT PLANS - Multi-Employer Plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Pension plan number	001
Contributions	$ 372,000	$ 0	$ 0
Expiration of Agreement	Aug. 15, 2024
Employer identification number	916145047

EMPLOYEE BENEFIT PLANS - Fair Value of Plan Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	$ 460,050	$ 245,061
Level 1
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	63,605	91,404
Level 2
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	374,340	134,986
Level 3
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	8,180	0
Total
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	446,125	226,390
Investments measured at net asset value
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	13,925	18,671
Cash and cash equivalents \| Level 1
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	8,276	20,089
Cash and cash equivalents \| Level 2
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	0	0
Cash and cash equivalents \| Level 3
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	0	0
Cash and cash equivalents \| Total
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	8,276	20,089
Fixed income securities \| Level 1
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	45,380	0
Fixed income securities \| Level 2
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	217,127	115,299
Fixed income securities \| Level 3
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	0	0
Fixed income securities \| Total
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	262,507	115,299
Insurance contracts \| Level 1
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	0	0
Insurance contracts \| Level 2
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	43,053	19,687
Insurance contracts \| Level 3
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	0	0
Insurance contracts \| Total
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	43,053	19,687
Equity securities \| Level 1
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	7,688	57,849
Equity securities \| Level 2
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	101,890	0
Equity securities \| Level 3
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	8,058	0
Equity securities \| Total
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	117,636	57,849
Other \| Level 1
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	2,261	13,466
Other \| Level 2
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	12,270	0
Other \| Level 3
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	122	0
Other \| Total
Defined Benefit Plan, Plan Assets, Category [Line Items]
Plan assets	$ 14,653	$ 13,466

EMPLOYEE BENEFIT PLANS - Level 3 Reconciliation (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021 USD ($)
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets at beginning of the year	$ 245,061
Fair value of plan assets at end of the year	460,050
Level 3
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets at beginning of the year	0
Acquired	8,611
Net realized and unrealized gains (losses)	(1,242)
Net purchases, issuances and settlements	811
Fair value of plan assets at end of the year	8,180
Level 3 \| Common Collective Trusts
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets at beginning of the year	0
Acquired	113
Net realized and unrealized gains (losses)	9
Net purchases, issuances and settlements	0
Fair value of plan assets at end of the year	122
Level 3 \| Interest in 103-12 Investment Companies
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation [Roll Forward]
Fair value of plan assets at beginning of the year	0
Acquired	8,498
Net realized and unrealized gains (losses)	(1,251)
Net purchases, issuances and settlements	811
Fair value of plan assets at end of the year	$ 8,058

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References + Details

LEASES - Schedule of Balance Sheet Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets and Liabilities, Lessee [Abstract]
Operating lease right-of-use assets	$ 368,632	$ 140,212
Finance lease right-of-use assets	$ 40,739	$ 10,980
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net of accumulated depreciation of $283,677 and $160,111, respectively	Property, plant and equipment, net of accumulated depreciation of $283,677 and $160,111, respectively
Current maturities of operating leases	$ 73,046	$ 21,910
Operating leases, less current maturities	305,714	122,225
Finance lease liability, current	$ 10,039	$ 1,647
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Notes payable and current portion of long-term debt, net	Notes payable and current portion of long-term debt, net
Finance lease liability, noncurrent	$ 30,680	$ 7,705
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-term debt, net	Long-term debt, net
Lease Agreement Transactions
Assets and Liabilities, Lessee [Abstract]
Current maturities of operating leases	$ 1,254	$ 1,993
Operating leases, less current maturities	12,553	14,202
Finance lease liability, current	$ 0	$ 135
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Notes payable and current portion of long-term debt, net	Notes payable and current portion of long-term debt, net
Finance lease liability, noncurrent	$ 0	$ 427
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-term debt, net	Long-term debt, net

LEASES - Schedule of Lease Terms and Discount Rates (Details)	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Weighted-average remaining lease term of operating leases	8 years
Weighted-average remaining lease term of finance leases	5 years 7 months 6 days
Weighted-average discount rate of operating leases	3.20%
Weighted-average discount rate of finance leases	3.50%	2.40%

LEASES - Schedule of Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Depreciation of lease assets	$ 6,610	$ 1,192	$ 716
Interest on lease liabilities	968	114	56
Operating lease costs	54,892	27,289	24,341
Short-term lease costs	8,719	1,433	1,747
Variable lease costs	8,088	1,021	880
Sublease income	(4,658)	(363)	(415)
Total lease costs	$ 74,619	$ 30,686	$ 27,325

LEASES - Schedule of Supplemental Cash Flow Data (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating cash flows from finance leases	$ 968	$ 0	$ 0
Operating cash flows from operating leases	43,735	29,397	22,308
Financing cash flows from finance leases	6,332	2,844	$ 990
Right-of-use assets obtained in exchange for finance lease liabilities	5,452	9,892
Right-of-use assets obtained in exchange for operating lease liabilities	$ 40,584	$ 20,978

LEASES - Schedule of Lease Liability Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finance Leases
2022	$ 10,704
2023	7,000
2024	6,307
2025	8,618
2026	2,690
Thereafter	9,077
Total lease payments	44,396
Less: present value discount	(3,677)
Total finance lease liability	40,719	$ 9,352
Operating Leases
2022	86,182
2023	74,787
2024	61,758
2025	48,904
2026	33,203
Thereafter	121,427
Total lease payments	426,261
Less: present value discount	(47,501)
Total operating lease liability	$ 378,760

LEASES - Schedule of Lessor Rental Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Other income (expense), net	$ 5,202	$ 2,708	$ 2,270

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Aug. 03, 2021
Derivative [Line Items]
Cash flow hedge gain to be reclassified over the next 12 months	$ 1,300,000
Interest rate swap contract
Derivative [Line Items]
Notional amount	$ 600,000,000
Minimum \| Interest rate swap contract
Derivative [Line Items]
Derivative, term	3 years
Maximum \| Interest rate swap contract
Derivative [Line Items]
Derivative, term	5 years
Revolving Credit Facility \| Line of Credit
Derivative [Line Items]
Maximum borrowing capacity	$ 600,000,000	$ 600,000,000
Revolving Credit Facility \| Line of Credit \| LIBOR
Derivative [Line Items]
Basis spread on variable rate	0.10%
Revolving Credit Facility \| Line of Credit \| Minimum
Derivative [Line Items]
Interest rate	0.51%
Revolving Credit Facility \| Line of Credit \| Maximum
Derivative [Line Items]
Interest rate	0.84%

DERIVATIVE FINANCIAL INSTRUMENTS - Notional Amounts (Details) - 12 months ended Dec. 31, 2021 € in Millions, £ in Millions, R in Millions, $ in Billions	USD ($) t	EUR (€)	GBP (£)	CLP ($)	ZAR (R)
Foreign currency forward contracts
Derivative [Line Items]
Notional amount	$ 6,400,000	€ 146.4	£ 3.4	$ 11.2	R 450.8
Interest rate swap contract
Derivative [Line Items]
Notional amount \| $	$ 600,000,000
Bunker fuel hedges
Derivative [Line Items]
Nonmonetary notional amount (in metric tons) \| t	13,200

DERIVATIVE FINANCIAL INSTRUMENTS - Fair Value by Balance Sheet Location (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accrued Liabilities
Derivative [Line Items]
Gross Liability	$ (800)	$ (1,424)
Other Assets
Derivative [Line Items]
Gross Asset	10,102	0
Other Receivables, net
Derivative [Line Items]
Gross Asset	3,408	0
Foreign currency forward contracts: \| Designated as Hedging Instrument \| Accrued Liabilities
Derivative [Line Items]
Gross Liability	(222)
Foreign currency forward contracts: \| Designated as Hedging Instrument \| Other Assets
Derivative [Line Items]
Gross Asset	0
Foreign currency forward contracts: \| Designated as Hedging Instrument \| Other Receivables, net
Derivative [Line Items]
Gross Asset	2,183
Foreign currency forward contracts: \| Non-designated cash flow hedges \| Accrued Liabilities
Derivative [Line Items]
Gross Liability	(578)	(1,424)
Foreign currency forward contracts: \| Non-designated cash flow hedges \| Other Assets
Derivative [Line Items]
Gross Asset	0	0
Foreign currency forward contracts: \| Non-designated cash flow hedges \| Other Receivables, net
Derivative [Line Items]
Gross Asset	202	$ 0
Interest rate swap contracts: \| Accrued Liabilities
Derivative [Line Items]
Gross Liability	0
Interest rate swap contracts: \| Other Assets
Derivative [Line Items]
Gross Asset	10,102
Interest rate swap contracts: \| Other Receivables, net
Derivative [Line Items]
Gross Asset	0
Bunker fuel hedges \| Accrued Liabilities
Derivative [Line Items]
Gross Liability	0
Bunker fuel hedges \| Other Assets
Derivative [Line Items]
Gross Asset	0
Bunker fuel hedges \| Other Receivables, net
Derivative [Line Items]
Gross Asset	$ 1,023

DERIVATIVE FINANCIAL INSTRUMENTS - Realized and Unrealized Gain (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Gains deferred in Accumulated Other Comprehensive Income - total unrealized gains (losses)	$ 11,209	$ (2,705)	$ 0
Net unrealized gain (loss) on derivatives	(1,257)	(633)	(13)
Accumulated Other Comprehensive Loss
Derivative [Line Items]
Gains deferred in Accumulated Other Comprehensive Income - total unrealized gains (losses)	11,438	0	0
Total net realized gains			0
Cost of Sales
Derivative [Line Items]
Total net realized gains	4,354		128
Net unrealized gain (loss) on derivatives	(1,257)	(682)	(12)
Foreign currency forward contracts: \| Designated as Hedging Instrument \| Accumulated Other Comprehensive Loss
Derivative [Line Items]
Gains deferred in Accumulated Other Comprehensive Income - total unrealized gains (losses)	1,336
Foreign currency forward contracts: \| Designated as Hedging Instrument \| Cost of Sales
Derivative [Line Items]
Total net realized gains	2,399
Net unrealized gain (loss) on derivatives	0
Foreign currency forward contracts: \| Non-designated cash flow hedges \| Accumulated Other Comprehensive Loss
Derivative [Line Items]
Gains deferred in Accumulated Other Comprehensive Income - total unrealized gains (losses)	0	0	0
Total net realized gains			0
Foreign currency forward contracts: \| Non-designated cash flow hedges \| Cost of Sales
Derivative [Line Items]
Total net realized gains	(403)		128
Net unrealized gain (loss) on derivatives	388	$ (682)	$ (12)
Bunker fuel hedges \| Accumulated Other Comprehensive Loss
Derivative [Line Items]
Gains deferred in Accumulated Other Comprehensive Income - total unrealized gains (losses)	0
Bunker fuel hedges \| Cost of Sales
Derivative [Line Items]
Total net realized gains	2,358
Net unrealized gain (loss) on derivatives	(1,645)
Interest rate swap contracts: \| Accumulated Other Comprehensive Loss
Derivative [Line Items]
Gains deferred in Accumulated Other Comprehensive Income - total unrealized gains (losses)	10,102
Interest rate swap contracts: \| Cost of Sales
Derivative [Line Items]
Net unrealized gain (loss) on derivatives	$ 0

FAIR VALUE MEASUREMENTS - Schedule of Assets and Labilities Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 34,998	$ (11,716)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	12,710	(1,424)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	22,288	(10,292)
Foreign currency forward contracts:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	2,385
Liabilities at fair value	(800)	(1,424)
Foreign currency forward contracts: \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	0
Liabilities at fair value	0	0
Foreign currency forward contracts: \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	2,385
Liabilities at fair value	(800)	(1,424)
Foreign currency forward contracts: \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	0
Liabilities at fair value	0	0
Bunker fuel hedges:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	1,023
Bunker fuel hedges: \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	0
Bunker fuel hedges: \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	1,023
Bunker fuel hedges: \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	0
Interest rate swap contracts:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	10,102
Interest rate swap contracts: \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	0
Interest rate swap contracts: \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	10,102
Interest rate swap contracts: \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	0
Rabbi Trust investments, short-term
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	6,115
Rabbi Trust investments, short-term \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	0
Rabbi Trust investments, short-term \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	0
Rabbi Trust investments, short-term \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	6,115
Rabbi Trust investments, long-term
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	23,433
Rabbi Trust investments, long-term \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	0
Rabbi Trust investments, long-term \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	0
Rabbi Trust investments, long-term \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value	23,433
Other investments:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value		406
Other investments: \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value		0
Other investments: \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value		0
Other investments: \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets at fair value		406
Contingent consideration:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities at fair value	(2,958)	(4,912)
Contingent consideration: \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities at fair value	0	0
Contingent consideration: \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities at fair value	0	0
Contingent consideration: \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities at fair value	(2,958)	(4,912)
Contingent consideration, less current portion
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities at fair value	(4,302)	(5,786)
Contingent consideration, less current portion \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities at fair value	0	0
Contingent consideration, less current portion \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities at fair value	0	0
Contingent consideration, less current portion \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities at fair value	$ (4,302)	$ (5,786)

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jul. 29, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	$ 29,500
Short-term investments	$ 6,115		$ 0
Legacy Dole
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments acquired		$ 29,600

FAIR VALUE MEASUREMENTS - Fair Value Assets with Unobservable Inputs (Details) - Rabbi Trust investments: - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning of period	$ 406	$ 555
Additions from the acquisition of Legacy Dole	29,574
Transfers out of Level 3 investments	(406)
Net unrealized losses recognized in earnings	(286)	(149)
Plan contributions	1,210
Plan distributions	(950)
Balance at end of period	29,548	$ 406
Other Nonoperating Income (Expense)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Realized gains	500
Unrealized losses	$ (800)

FAIR VALUE MEASUREMENTS - Fair Value Liabilities with Unobservable Inputs (Details) - Level 2 - Term Loan A and Term Loan B $ in Thousands	Dec. 31, 2021 USD ($)
Carrying Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Term Loan A and Term Loan B	$ 815,764
Estimated Fair Value
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Term Loan A and Term Loan B	$ 833,637

COMMITMENTS AND CONTINGENCIES - Narrative (Details) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2021 USD ($) facility lawsuit	Dec. 31, 2021 USD ($) lawsuit	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)	May 06, 2013 USD ($)
Concentration Risk [Line Items]
Purchases		$ 448.1	$ 0.0	$ 0.0
Number of processing facilities with suspended operations \| facility	2
Inventory reclass expense		6.8
Estimated incremental charges		10.8
Unfavorable Regulatory Action
Concentration Risk [Line Items]
Estimated possible loss	$ 20.0	$ 20.0
Minimum
Concentration Risk [Line Items]
Purchase commitment term		1 year
Maximum
Concentration Risk [Line Items]
Purchase commitment term		6 years
Inventory Allowance
Concentration Risk [Line Items]
Estimated incremental charges		$ 2.2
Accounts Receivable Sales Allowance
Concentration Risk [Line Items]
Estimated incremental charges		3.0
Accrued Liabilities
Concentration Risk [Line Items]
Estimated incremental charges		$ 5.6
DBCP Cases
Concentration Risk [Line Items]
Pending lawsuits \| lawsuit	180	180
Damages claimed		$ 17,800.0
Number of cases resulted in judgments \| lawsuit		24
Former Shell Site
Concentration Risk [Line Items]
Estimated possible loss					$ 310.0
Former Shell Site, Costs Associated With Lawsuit
Concentration Risk [Line Items]
Estimated possible loss					$ 90.0
Letter Of Credit, Bank And Surety Bonds
Concentration Risk [Line Items]
Guarantees	$ 68.8	$ 68.8	10.8
Bank Borrowings And Equity Method Investments
Concentration Risk [Line Items]
Guarantees	$ 13.9	$ 13.9	$ 12.3
Workforce Subject to Collective Bargaining Arrangements \| Labor Force Concentration Risk
Concentration Risk [Line Items]
Percentage of employees covered by collective bargaining agreements		33.00%
Workforce Subject to Collective Bargaining Arrangements Expiring within One Year \| Labor Force Concentration Risk
Concentration Risk [Line Items]
Percentage of employees covered by collective bargaining agreements		33.00%
Workforce Subject To Collective Bargaining Arrangements Expiring After One Year \| Labor Force Concentration Risk
Concentration Risk [Line Items]
Percentage of employees covered by collective bargaining agreements		67.00%

COMMITMENTS AND CONTINGENCIES - Estimated Future Payments (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Purchase Obligation, Fiscal Year Maturity [Abstract]
2022	$ 957,535
2023	523,713
2024	344,671
2025	337,072
2026	241,072
Thereafter	497,853
Total	$ 2,901,916

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Balmoral
Related Party Transaction [Line Items]
Net expenses from transaction with related party	$ 1.6	$ 1.4	$ 1.4

STOCKHOLDERS' EQUITY - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 02, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)	600,000,000.0
Common stock, shares authorized (in shares)	300,000,000	1,000,000,000
Preferred stock, shares authorized (in shares)	300,000,000.0
Common stock, shares outstanding (in shares)	94,877,706	410,724,962	410,525,000
Preferred stock, shares outstanding (in shares)	0
Common stock initially reserved for issuance (in shares)	7,447,891
Shares available for future issuance (in shares)	6,786,294
Shares available for future issuance under awards granted (in shares)	661,597
Stock-based compensation expense	$ 800	$ 0	$ 0
Unrecognized compensation cost	4,400
Dividends declared (in dollars per share)				$ 0.08
Amount available to declare or pay a dividend	50,000
Net income (loss)	16,808	71,252	69,387
Cost of sales	(6,105,271)	(4,012,348)	(3,864,313)
Income (loss) from equity method investments	48,027	30,279	$ 36,943
Fair Value of Derivatives \| Reclassification out of Accumulated Other Comprehensive Income
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net income (loss)	3,700
Cost of sales	2,300
Income (loss) from equity method investments	1,400
Pension & Other Postretirement Benefits \| Reclassification out of Accumulated Other Comprehensive Income
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Net income (loss)	(400)
Income (loss) from equity method investments	1,700
Net periodic benefit cost	2,100	$ 1,300
Foreign Currency Translation \| Reclassification out of Accumulated Other Comprehensive Income
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Income (loss) from equity method investments	$ (1,700)
Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Expiration period	10 years
Stock options granted, weighted average grant date fair value (in dollars per share)	$ 4.47
Unrecognized compensation cost, period for recognition	2 years 4 months 24 days
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted, weighted average grant date fair value (in dollars per share)	$ 15.88

STOCKHOLDERS’ EQUITY - Stock Activity (Details) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Common Stock [Roll Forward]
Shares outstanding, beginning balance (in shares)	410,724,962	410,525,000
Share issued related to equity compensation (in shares)	4,545,000	200,000
Cancellation of treasury shares (in shares)	(22,000,000)
Total Produce share exchange (in shares)	(337,088,000)
Shares outstanding, ending balance (in shares)	94,877,706	410,724,962
Primary IPO Transaction issuance
Common Stock [Roll Forward]
Shares issued (in shares)	25,000,000
Secondary issuance
Common Stock [Roll Forward]
Shares issued (in shares)	1,779,000
C&C Parties
Common Stock [Roll Forward]
Shares issued (in shares)	11,917,000

STOCKHOLDERS’ EQUITY - Valuation Assumptions (Details) - Stock option	12 Months Ended
	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate	0.90%
Expected volatility	32.50%
Dividend yield	1.50%
Expected term (years)	6 years 6 months

STOCKHOLDERS’ EQUITY - Dividends Declared and Paid (Details) - USD ($) $ / shares in Units, $ in Thousands						12 Months Ended
	May 28, 2021	Jan. 29, 2021	Sep. 02, 2020	Oct. 11, 2019	Jun. 06, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity [Abstract]
Cash dividend paid (in USD per share)	$ 0.03	$ 0.01	$ 0.03	$ 0.01	$ 0.03
Dividends						$ (17,092)	$ (11,875)	$ (14,919)

STOCKHOLDERS’ EQUITY - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Equity at beginning of period	$ 657,915	$ 613,993	$ 583,555
Other comprehensive income (loss) attributable to Dole plc before reclassifications, net of tax	(10,938)	1,506
Amounts reclassified from accumulated other comprehensive loss	(1,640)	1,295
Reclassification of pension activity	15,462	0	0
Total other comprehensive income (loss)	2,884	2,801
Equity at end of period	1,212,630	657,915	613,993
Fair Value of Derivatives
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Equity at beginning of period	(2,578)	0
Other comprehensive income (loss) attributable to Dole plc before reclassifications, net of tax	14,948	(2,578)
Amounts reclassified from accumulated other comprehensive loss	(3,739)	0
Reclassification of pension activity	0
Total other comprehensive income (loss)	11,209	(2,578)
Equity at end of period	8,631	(2,578)	0
Pension & Other Postretirement Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Equity at beginning of period	(77,445)	(65,065)
Other comprehensive income (loss) attributable to Dole plc before reclassifications, net of tax	1,783	(13,675)
Amounts reclassified from accumulated other comprehensive loss	378	1,295
Reclassification of pension activity	15,462
Total other comprehensive income (loss)	17,623	(12,380)
Equity at end of period	(59,822)	(77,445)	(65,065)
Foreign Currency Translation
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Equity at beginning of period	(48,780)	(66,539)
Other comprehensive income (loss) attributable to Dole plc before reclassifications, net of tax	(27,669)	17,759
Amounts reclassified from accumulated other comprehensive loss	1,721	0
Reclassification of pension activity	0
Total other comprehensive income (loss)	(25,948)	17,759
Equity at end of period	(74,728)	(48,780)	(66,539)
Accumulated Other Comprehensive Loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Equity at beginning of period	(128,803)	(131,604)	(120,315)
Equity at end of period	$ (125,919)	$ (128,803)	$ (131,604)

REDEEMABLE NONCONTROLLING INTERESTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Redeemable Noncontrolling Interests [Roll Forward]
Balance at beginning of period	$ 30,317	$ 30,891
Share of net income	3,304	4,500
Share of items recognized in other comprehensive income (loss)	(1,054)	(1,190)
Dividends paid to redeemable noncontrolling interest holders	(5,972)	(6,444)
Acquired redeemable noncontrolling interest		(4,331)
Accretion to redemption value recognized in additional paid-in capital	6,332	7,606
Foreign exchange impact	151	(715)
Balance at end of period	32,776	30,317
Redeemable noncontrolling interests	32,776	$ 30,317
Redemption value of redeemable noncontrolling interests	$ 36,800

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jul. 29, 2021	Jul. 31, 2018
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated affiliates	$ 128,407,000	$ 458,557,000
Equity method investments	126,534,000	458,557,000
Cost method investments	1,873,000	0
Income tax expense related to equity method investment	800,000	1,600,000
Goodwill	511,333,000	234,161,000	$ 221,102,000
Contingent consideration	7,260,000	10,698,000	16,667,000
Gain on disposal of equity method investments	$ 1,096,000	$ 0	0
Moorberries BV
Schedule of Equity Method Investments [Line Items]
Ownership interest acquired	100.00%
Fruktimporten Stockholm
Schedule of Equity Method Investments [Line Items]
Ownership interest acquired	83.20%
OTC Organics BV
Schedule of Equity Method Investments [Line Items]
Ownership interest acquired	100.00%
2021 Step-Up Acquisitions
Schedule of Equity Method Investments [Line Items]
Total carrying value of investees	$ 4,300,000
Payments to acquire investments	8,100,000
Gain from investments acquired	7,700,000
Goodwill	15,200,000
Eco Farms
Schedule of Equity Method Investments [Line Items]
Ownership interest acquired		65.00%
Total carrying value of investees		$ 5,300,000
Payments to acquire investments		5,900,000
Contingent consideration		700,000
Gain from investments acquired		0
Legacy Dole
Schedule of Equity Method Investments [Line Items]
Equity method investments	0	340,485,000	313,289,000	$ 259,000,000
Goodwill		328,794,000		328,794,000
Gain from investments acquired	$ 4,023,000	$ 0	$ 0
Legacy Dole \| Total Produce
Schedule of Equity Method Investments [Line Items]
Equity method investments				$ 259,000,000	$ 300,000,000
Ownership percentage	45.00%	45.00%			45.00%
Peviani \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Schedule of Equity Method Investments [Line Items]
Carrying value of investment sold	$ 9,400,000
Gain on disposal of equity method investments	$ 1,100,000

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Summary of Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
Equity method investments	$ 126,534	$ 458,557
Cost method investments	1,873	0
Investments in unconsolidated affiliates	$ 128,407	$ 458,557

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Equity Method Ownership Percentage (Details)	Dec. 31, 2021	Dec. 31, 2020
The Fresh Connection LLC
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%	50.00%
2451487 Ontario Inc.
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%	50.00%
2451490 Ontario Inc.
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%	50.00%
Frankort & Koning Beheer Venlo BV
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%	50.00%
Frutas IRU S.A.
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%	50.00%
Exportadora y Servicios El Parque Limitada
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%	50.00%
Steglinge AB
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%	50.00%
Vezet Convenience Nordic AB
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%	50.00%
Fruity Line Nordic AB
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%	50.00%
Bananera Tepeyac, S.A
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%	0.00%
Delica North America Inc
Schedule of Equity Method Investments [Line Items]
Ownership Interest	50.00%	50.00%
African Blue
Schedule of Equity Method Investments [Line Items]
Ownership Interest	10.00%	10.00%
Peviani SpA
Schedule of Equity Method Investments [Line Items]
Ownership Interest	0.00%	50.00%
DFC Holdings LLC
Schedule of Equity Method Investments [Line Items]
Ownership Interest	0.00%	45.00%

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Investment In Legacy Dole (Details) - USD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jul. 29, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity Method Investments [Roll Forward]
Carrying amount, beginning balance	$ 458,557	$ 458,557
Share of net income		48,027	$ 30,279	$ 36,943
Carrying amount, ending balance		126,534	458,557
Legacy Dole
Equity Method Investments [Roll Forward]
Carrying amount, beginning balance	340,485	340,485	313,289
Share of net income	38,874	38,874	21,868	24,890
Share of other comprehensive income		3,999	4,551
Share of repayment of receivable from affiliates		469	777
Impairment	(122,926)	(122,926)	0	0
Equity method investment becoming subsidiary		(259,000)
Foreign exchange impact		(1,901)
Carrying amount, ending balance	$ 259,000	$ 0	$ 340,485	$ 313,289

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Financial Information of Legacy Dole (Details) - USD ($)	7 Months Ended	12 Months Ended
	Jul. 29, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Jul. 31, 2018
Summary Statements of Operations:
Revenues, net		$ 6,454,402,000	$ 4,345,939,000	$ 4,166,799,000
Cost of sales		(6,105,271,000)	(4,012,348,000)	(3,864,313,000)
Selling, marketing, general and administrative expenses		(349,769,000)	(264,844,000)	(253,959,000)
Net interest expense		(27,030,000)	(10,523,000)	(12,042,000)
Share of net income		48,027,000	30,279,000	36,943,000
Other income (expense), net		8,658,000	(119,000)	4,141,000
Income tax expense		13,333,000	(18,130,000)	(10,312,000)
Loss from discontinued operations		0	0	0
Less: Net income attributable to noncontrolling interests		(24,027,000)	(18,764,000)	(14,327,000)
Net income (loss) attributable to Dole plc		(7,219,000)	52,488,000	55,060,000
ASSETS
Current assets		1,641,335,000	730,395,000
Intangible assets		368,326,000	65,634,000	78,576,000
Property, plant and equipment		1,430,850,000	219,665,000
Operating lease right-of-use assets		368,632,000	140,212,000
Assets held-for-sale		200,000	0
Other non-current assets		98,917,000	30,496,000
Debt		(1,358,988,000)	(346,831,000)
Operating lease liabilities		(378,760,000)
Other non-current liabilities		(105,310,000)	(18,755,000)
Dividends payable and other current liabilities		(9,078,000)	(1,355,000)
Noncontrolling interest		(132,041,000)	(122,906,000)
Goodwill		511,333,000	234,161,000	221,102,000
Investments in unconsolidated affiliates		126,534,000	458,557,000
Legacy Dole
Summary Statements of Operations:
Share of net income	$ 38,874,000	38,874,000	21,868,000	24,890,000
ASSETS
Goodwill	328,794,000		328,794,000
Impairment recognized upon the Acquisition	(122,926,000)	(122,926,000)	0	0
Investments in unconsolidated affiliates	259,000,000	$ 0	340,485,000	313,289,000
Legacy Dole \| Total Produce
ASSETS
Investments in unconsolidated affiliates	259,000,000				$ 300,000,000
Legacy Dole
Summary Statements of Operations:
Revenues, net	2,878,597,000		4,671,999,000	4,515,955,000
Cost of sales	(2,601,253,000)		(4,306,200,000)	(4,161,393,000)
Selling, marketing, general and administrative expenses	(124,417,000)		(189,912,000)	(183,657,000)
Net interest expense	(36,998,000)		(72,906,000)	(82,072,000)
Share of net income	27,000		2,149,000	(378,000)
Other income (expense), net	2,859,000		(29,305,000)	(3,316,000)
Income tax expense	(30,557,000)		(25,332,000)	(25,122,000)
Loss from discontinued operations	0		(43,000)	(2,500,000)
Less: Net income attributable to noncontrolling interests	(1,872,000)		(1,854,000)	(2,205,000)
Net income (loss) attributable to Dole plc	86,386,000		48,596,000	$ 55,312,000
ASSETS
Current assets	927,026,000		784,231,000
Intangible assets	278,079,000		278,093,000
Property, plant and equipment	1,094,605,000		1,093,355,000
Operating lease right-of-use assets	224,451,000		232,067,000
Assets held-for-sale	5,357,000		48,543,000
Other non-current assets	157,891,000		108,297,000
Debt	(1,378,473,000)		(1,247,522,000)
Operating lease liabilities	(221,072,000)		(229,220,000)
Other non-current liabilities	(332,931,000)		(348,956,000)
Dividends payable and other current liabilities	(626,609,000)		(683,542,000)
Noncontrolling interest	(10,252,000)		(9,367,000)
Net assets	118,072,000		25,979,000
Legacy Dole \| Total Produce
ASSETS
Net assets	$ 53,132,000		$ 11,691,000

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Maximum Exposure Loss of Legacy Dole (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Jul. 29, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 126,534		$ 458,557
Legacy Dole
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 0	$ 259,000	340,485	$ 313,289
Maximum exposure to loss		$ 259,000	$ 340,485

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Sales and Purchases Of Legacy Dole (Details) - Legacy Dole - USD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jul. 29, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Sales	$ 9,974	$ 8,900	$ 4,600
Purchases	$ 30,856	$ 49,000	$ 21,600

- Definition

Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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+ Details

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Amounts Due To and From Legacy Dolt (Details) - Legacy Dole - USD ($) $ in Thousands	Jul. 29, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Amounts due from Legacy Dole presented within accounts receivable	$ 1,800	$ 1,298
Amounts due to Legacy Dole presented within accounts payable	$ 8,700	$ 2,627

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Other Unconsolidated Affiliates (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Investments In And Advance To Affiliates, Subsidiaries, Associates And Joint Ventures [Roll Forward]
Carrying value, beginning balance	$ 458,557
Carrying value, ending balance	128,407	$ 458,557
Other Unconsolidated affiliates
Investments In And Advance To Affiliates, Subsidiaries, Associates And Joint Ventures [Roll Forward]
Carrying value, beginning balance	118,072	115,886
Share of income after tax	14,851	15,168
Acquisition of Legacy Dole investments	22,314
Other additions	3,242
Gain from investments acquired	7,670
Equity method investments becoming subsidiaries	(11,970)	(5,328)
Disposals	(9,537)
Dividends declared	(10,611)	(15,292)
Foreign exchange impact and other	(5,624)	7,638
Carrying value, ending balance	$ 128,407	$ 118,072

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Financial Information Of Other Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Summary Statements of Operations:
Revenues, net	$ 6,454,402	$ 4,345,939	$ 4,166,799
Cost of sales	(6,105,271)	(4,012,348)	(3,864,313)
Net income	16,808	71,252	69,387
Share of net income	48,027	30,279	36,943
Summary Balance Sheets:
Current assets	1,641,335	730,395
Current liabilities	(1,371,151)	(689,906)
Noncontrolling interest	(132,041)	(122,906)
Goodwill	511,333	234,161	221,102
Investments in unconsolidated affiliates	126,534	458,557
Other Equity Method Investments
Summary Statements of Operations:
Share of net income	14,851	15,168	13,035
Summary Balance Sheets:
Goodwill	27,001	29,128
Investments in unconsolidated affiliates	126,534	118,072
Other Unconsolidated affiliates
Summary Statements of Operations:
Revenues, net	1,760,608	1,605,660	1,621,362
Cost of sales	(1,601,557)	(1,383,617)	(1,391,192)
Other activity	(123,603)	(187,547)	(210,467)
Net income	35,448	34,496	$ 19,703
Summary Balance Sheets:
Current assets	343,000	382,187
Non-current assets	325,094	309,192
Current liabilities	(243,986)	(288,712)
Non-current liabilities	(147,583)	(140,590)
Noncontrolling interest	(2,686)	(3,900)
Net assets	273,839	258,177
Other Unconsolidated affiliates \| Dole plc
Summary Balance Sheets:
Net assets	$ 99,533	$ 88,944

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Sales And Purchases From Other Unconsolidated Affiliates (Details) - Other Unconsolidated affiliates - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Sales	$ 110,797	$ 104,721	$ 101,628
Purchases	$ 141,975	$ 64,204	$ 101,130

- Definition

Amount of revenue, fees and commissions earned from transactions between (a) a parent company and its subsidiaries; (b) subsidiaries of a common parent; (c) an entity and trusts for the benefit of employees, for example, but not limited to, pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; (d) an entity and its principal, owners, management, or members of their immediate families; and (e) affiliates.

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-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

+ Details

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Amounts Due To and From Other Unconsolidated Affiliates (Details) - Other Unconsolidated affiliates - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Schedule of Equity Method Investments [Line Items]
Amounts due from equity method investees presented within accounts receivable	$ 30,703	$ 3,790
Amounts due to equity method investees presented within accounts payable	$ 13,897	$ 17,477

INVESTMENTS IN UNCONSOLIDATED AFFILIATES - Reconciliation (Details) - USD ($) $ in Thousands	7 Months Ended	12 Months Ended
	Jul. 29, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Share of net income		$ 48,027	$ 30,279	$ 36,943
Deferred income tax expense related to Legacy Dole		23,168	698	7,966
Share in net earnings of investments accounted for under the equity method		43,284	30,279	36,943
Gain on disposal of equity method investment		1,096	0	0
Other Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Share of net income		14,851	15,168	13,035
Gain (loss) on step-up acquisition		(7,670)	0	0
Gain on disposal of equity method investment		1,096	0	0
Legacy Dole
Schedule of Equity Method Investments [Line Items]
Share of net income	$ 38,874	38,874	21,868	24,890
Deferred income tax expense related to Legacy Dole		(10,441)	(6,757)	(982)
Impairment of original 45% investment in Legacy Dole	$ (122,926)	(122,926)	0	0
Gain on preexisting contractual arrangements with Legacy Dole		93,000	0	0
Gain on release of deferred tax reserves attributable to Legacy Dole		20,124	0	0
Gain on release of Legacy Dole indemnities		4,403	0	0
Gain on release of cumulative equity reserves attributable to Legacy Dole		1,376
Gain (loss) on step-up acquisition		$ (4,023)	$ 0	$ 0

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 16, 2016
Variable Interest Entity [Line Items]
Maximum loss exposure	$ 8.5	$ 7.9
Consolidated VIE \| EurobananCanarias S.A.
Variable Interest Entity [Line Items]
Ownership percentage	50.00%
Series A \| Unconsolidated VIE \| El Parque
Variable Interest Entity [Line Items]
Ownership percentage			50.00%
Series B \| Unconsolidated VIE \| El Parque
Variable Interest Entity [Line Items]
Ownership percentage			50.10%

CONTINGENT CONSIDERATION - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Combination and Asset Acquisition [Abstract]
Contingent consideration	$ 7,260	$ 10,698	$ 16,667

CONTINGENT CONSIDERATION - Reconciliation of Contingent Consideration (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Combination, Contingent Consideration, Liability [Roll Forward]
Contingent consideration, beginning balance	$ 10,698	$ 16,667
Payment of contingent consideration	(5,031)	(7,729)
Additions	944	658
Remeasurement loss	(1,036)	(519)	$ 228
Foreign exchange impact	(387)	583
Contingent consideration, ending balance	$ 7,260	$ 10,698	$ 16,667

EARNINGS (LOSS) PER SHARE - Narrative (Details)	Jul. 29, 2021
Total Produce
Earnings Per Share [Line Items]
Share exchange ratio	7

EARNINGS (LOSS) PER SHARE - Schedule of Earnings per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share, Basic [Abstract]
Net income (loss) attributable to Dole plc	$ (7,219)	$ 52,488	$ 55,060
Weighted average shares - basic (in shares)	72,190	55,509	55,497
Basic earnings (loss) per share (in USD per share)	$ (0.10)	$ 0.95	$ 0.99
Earnings Per Share, Diluted [Abstract]
Net income (loss) attributable to Dole plc	$ (7,219)	$ 52,488	$ 55,060
Effect of share options with a dilutive effect (in shares)	0	83	117
Weighted average shares - diluted (in shares)	72,190	55,592	55,614
Diluted earnings (loss) per share (in USD per share)	$ (0.10)	$ 0.94	$ 0.99

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

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SUBSEQUENT EVENTS (Details) $ / shares in Units, $ in Thousands								3 Months Ended	12 Months Ended
	Mar. 14, 2022 $ / shares	Jan. 07, 2022 USD ($) $ / shares	May 28, 2021 $ / shares	Jan. 29, 2021 $ / shares	Sep. 02, 2020 $ / shares	Oct. 11, 2019 $ / shares	Jun. 06, 2019 $ / shares	Mar. 22, 2022 USD ($) a	Dec. 31, 2021 USD ($) a	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Subsequent Event [Line Items]
Inventory reclass expense									$ 6,800
Cash dividend paid (in USD per share) \| $ / shares			$ 0.03	$ 0.01	$ 0.03	$ 0.01	$ 0.03
Sales of assets									$ 26,308	$ 891	$ 758
Hawaii Land
Subsequent Event [Line Items]
Area of land sold (in acres) \| a									725
Subsequent Event
Subsequent Event [Line Items]
Inventory reclass expense								$ 15,000
Cash dividend paid (in USD per share) \| $ / shares		$ 0.08
Value of cash dividend paid		$ 7,600
Cash dividend declared (in USD per share) \| $ / shares	$ 0.08
Subsequent Event \| Hawaii Land
Subsequent Event [Line Items]
Area of land sold (in acres) \| a								391
Sales of assets								$ 14,600

Label	Element	Value
Accounting Standards Update [Extensible Enumeration]	us-gaap_AccountingStandardsUpdateExtensibleList	Accounting Standards Update 2016-02 [Member]

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Indicates amendment to accounting standards.

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+ Details