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Fresh Del Monte Produce Inc. – ‘10-K’ for 12/31/21 – ‘EX-31.2’

On:  Wednesday, 2/23/22, at 4:11pm ET   ·   For:  12/31/21   ·   Accession #:  1047340-22-22   ·   File #:  333-07708

Previous ‘10-K’:  ‘10-K’ on 2/24/21 for 1/1/21   ·   Next:  ‘10-K’ on 2/22/23 for 12/30/22   ·   Latest:  ‘10-K’ on 2/26/24 for 12/29/23   ·   13 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/23/22  Fresh Del Monte Produce Inc.      10-K       12/31/21  131:54M

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.02M 
 2: EX-10.1     Material Contract                                   HTML     45K 
 3: EX-10.2     Material Contract                                   HTML     40K 
 7: EX-10.22    Material Contract                                   HTML    105K 
 8: EX-10.23    Material Contract                                   HTML     98K 
 9: EX-10.24    Material Contract                                   HTML     81K 
 4: EX-10.3     Material Contract                                   HTML     40K 
 5: EX-10.7     Material Contract                                   HTML     36K 
 6: EX-10.8     Material Contract                                   HTML     33K 
10: EX-21.1     Subsidiaries List                                   HTML     36K 
11: EX-23.1     Consent of Expert or Counsel                        HTML     34K 
12: EX-31.1     Certification -- §302 - SOA'02                      HTML     38K 
13: EX-31.2     Certification -- §302 - SOA'02                      HTML     38K 
14: EX-32       Certification -- §906 - SOA'02                      HTML     37K 
20: R1          Cover Page Cover Page                               HTML     99K 
21: R2          Audit Information                                   HTML     39K 
22: R3          Consolidated Balance Sheets                         HTML    170K 
23: R4          Consolidated Balance Sheets (Parenthetical)         HTML     58K 
24: R5          Consolidated Statements of Operations               HTML    131K 
25: R6          Consolidated Statements of Comprehensive (Loss)     HTML     69K 
                Income                                                           
26: R7          Consolidated Statements of Cash Flows               HTML    153K 
27: R8          Consolidated Statements of Shareholders' Equity     HTML    131K 
                and Redeemable Noncontrolling Interst                            
28: R9          General                                             HTML     47K 
29: R10         Summary of Significant Accounting Policies          HTML    106K 
30: R11         Asset Impairment and Other Charges, Net             HTML     84K 
31: R12         Property, Plant and Equipment, Net                  HTML     51K 
32: R13         Goodwill and Other Intangible Assets                HTML     77K 
33: R14         Allowance for Credit Losses                         HTML     65K 
34: R15         Accounts Payable and Accrued Expenses               HTML     46K 
35: R16         Income Taxes                                        HTML    146K 
36: R17         Leases                                              HTML     98K 
37: R18         Debt                                                HTML     69K 
38: R19         Earnings (Loss) Per Ordinary Share                  HTML     56K 
39: R20         Accumulated Other Comprehensive (Loss) Income       HTML     83K 
40: R21         Retirement and Other Employee Benefits              HTML    314K 
41: R22         Share-Based Compensation                            HTML     80K 
42: R23         Commitments and Contingencies                       HTML     41K 
43: R24         Derivative Financial Instruments                    HTML    105K 
44: R25         Fair Value Measurements                             HTML     61K 
45: R26         Related Party Transactions                          HTML     40K 
46: R27         Unaudited Quarterly Financial Information           HTML     75K 
47: R28         Business Segment Data                               HTML    151K 
48: R29         Shareholders' Equity                                HTML     58K 
49: R30         Schedule II - Valuation and Qualifying Accounts     HTML    101K 
50: R31         Summary of Significant Accounting Policies          HTML    149K 
                (Policies)                                                       
51: R32         Summary of Significant Accounting Policies          HTML     43K 
                (Tables)                                                         
52: R33         Asset Impairment and Other Charges, Net (Tables)    HTML     82K 
53: R34         Property, Plant and Equipment, Net (Tables)         HTML     48K 
54: R35         Goodwill and Other Intangible Assets (Tables)       HTML     77K 
55: R36         Allowance for Credit Losses (Tables)                HTML     63K 
56: R37         Accounts Payable and Accrued Expenses (Tables)      HTML     46K 
57: R38         Income Taxes (Tables)                               HTML    149K 
58: R39         Leases (Tables)                                     HTML    111K 
59: R40         Debt (Tables)                                       HTML     59K 
60: R41         Earnings (Loss) Per Ordinary Share (Tables)         HTML     55K 
61: R42         Accumulated Other Comprehensive (Loss) Income       HTML     85K 
                (Tables)                                                         
62: R43         Retirement and Other Employee Benefits (Tables)     HTML    300K 
63: R44         Share-Based Compensation (Tables)                   HTML     76K 
64: R45         Derivative Financial Instruments (Tables)           HTML    101K 
65: R46         Fair Value Measurements (Tables)                    HTML     50K 
66: R47         Unaudited Quarterly Financial Information (Tables)  HTML     74K 
67: R48         Business Segment Data (Tables)                      HTML    146K 
68: R49         Shareholders' Equity (Tables)                       HTML     54K 
69: R50         General (Details)                                   HTML     46K 
70: R51         Summary of Significant Accounting Policies -        HTML    133K 
                Narrative (Details)                                              
71: R52         Summary of Significant Accounting Policies -        HTML     43K 
                Schedule of Inventory (Details)                                  
72: R53         Asset Impairment and Other Charges, Net - Asset     HTML    109K 
                Impairment and Exit Activity Charges (Details)                   
73: R54         Property, Plant and Equipment, Net (Details)        HTML     58K 
74: R55         Property, Plant and Equipment, Net - Narrative      HTML     45K 
                (Details)                                                        
75: R56         Goodwill and Other Intangible Assets - Intangible   HTML     51K 
                Assets and Goodwill (Details)                                    
76: R57         Goodwill and Other Intangible Assets - Changes in   HTML     45K 
                the Carrying Amount of Goodwill (Details)                        
77: R58         Goodwill and Other Intangible Assets -              HTML     51K 
                Sensitivities of Goodwill and Indefinite-Lived                   
                Intangibles at Risk (Details)                                    
78: R59         Goodwill and Other Intangible Assets - Estimated    HTML     45K 
                Amortization Expense (Details)                                   
79: R60         Goodwill and Other Intangible Assets - Narrative    HTML     39K 
                (Details)                                                        
80: R61         Allowance for Credit Losses - Narrative (Details)   HTML     49K 
81: R62         Allowance for Credit Losses - Advances to Growers   HTML     61K 
                Along with the Related Allowance for Doubtful                    
                Accounts (Details)                                               
82: R63         Financing Receivables - Allowance for Doubtful      HTML     51K 
                Accounts and Related Financing Receivables                       
                (Details)                                                        
83: R64         Accounts Payable and Accrued Expenses (Details)     HTML     54K 
84: R65         Income Taxes - Provision for (Benefit from) Income  HTML     65K 
                Taxes (Detail)                                                   
85: R66         Income Taxes - Income Before Income Taxes (Detail)  HTML     44K 
86: R67         Income Taxes - Differences Between Reported         HTML     71K 
                Provision for (Benefit from) Income Taxes and                    
                Income Taxes Computed at U.S. Statutory Federal                  
                Income Tax Rate (Detail)                                         
87: R68         Income Taxes - Deferred Income Tax Assets and       HTML     81K 
                Liabilities (Detail)                                             
88: R69         Income Taxes - Federal and Foreign Tax Operating    HTML     46K 
                Loss Carry-Forwards Expiring (Detail)                            
89: R70         Income Taxes - Reconciliation of Beginning and      HTML     48K 
                Ending Amount of Uncertain Tax Positions Excluding               
                Interest and Penalties (Detail)                                  
90: R71         Income Taxes - Narrative (Detail)                   HTML     51K 
91: R72         Leases - Narrative (Details)                        HTML     58K 
92: R73         Leases - Lease Assets and Liabilities (Details)     HTML     64K 
93: R74         Leases - Lease Costs (Details)                      HTML     55K 
94: R75         Leases - Operating and Finance Lease Maturities     HTML     77K 
                (Details)                                                        
95: R76         Debt - Narrative (Detail)                           HTML     89K 
96: R77         Debt - Schedule of Long-Term Debt and Finance       HTML     38K 
                Lease Obligations (Details)                                      
97: R78         Debt - Schedule of Line of Credit Facilities        HTML     52K 
                (Details)                                                        
98: R79         Debt - Maturities of Long-Term Debt and Finance     HTML     65K 
                Lease Obligations (Detail)                                       
99: R80         Earnings (Loss) Per Ordinary Share (Details)        HTML     76K 
100: R81         Accumulated Other Comprehensive (Loss) Income -     HTML     79K  
                Changes in OCI (Details)                                         
101: R82         Accumulated Other Comprehensive (Loss) Income -     HTML     79K  
                Reclassification from OCI (Details)                              
102: R83         Retirement and Other Employee Benefits -            HTML    125K  
                Reconciliation of Benefit Obligations, Plan Assets               
                and Funded Status for Defined Benefit Pension                    
                Plans and Post-Retirement Plans (Detail)                         
103: R84         Retirement and Other Employee Benefits - Roll       HTML     61K  
                Forward of AOCI Balances (Detail)                                
104: R85         Retirement and Other Employee Benefits - Net        HTML     65K  
                Periodic Pension Cost of Defined Benefit Pension                 
                and Post-Retirement Benefit Plans (Detail)                       
105: R86         Retirement and Other Employee Benefits -            HTML     58K  
                Assumptions Used in the Calculation of Benefit                   
                Obligations and Net Periodic Pension Costs of U.S.               
                and U.K. Defined Benefit Pension Plans and Central               
                American Plans (Detail)                                          
106: R87         Retirement and Other Employee Benefits - Expected   HTML     61K  
                Benefit Payments (Detail)                                        
107: R88         Retirement and Other Employee Benefits - Fair       HTML    127K  
                Values of Plan Assets by Asset Category (Detail)                 
108: R89         Retirement and Other Employee Benefits - Narrative  HTML    106K  
                (Detail)                                                         
109: R90         Share-Based Compensation - Expense Included in      HTML     43K  
                Selling, General and Administrative Expenses                     
                Related to Stock Options and Restricted Stock                    
                Awards (Detail)                                                  
110: R91         Share-Based Compensation - RSU and PSU Activity     HTML     66K  
                (Details)                                                        
111: R92         Share-Based Compensation - Narrative (Details)      HTML     93K  
112: R93         Commitments and Contingencies (Detail)              HTML     59K  
113: R94         Derivative Financial Instruments - Narrative        HTML     73K  
                (Detail)                                                         
114: R95         Derivative Financial Instruments - Outstanding      HTML     42K  
                Foreign Currency Forward Contracts that were                     
                Entered into to Hedge Forecasted Cash Flows                      
                (Detail)                                                         
115: R96         Derivative Financial Instruments - Fair Values of   HTML     67K  
                Derivative Instruments (Detail)                                  
116: R97         Derivative Financial Instruments - Effect of        HTML     48K  
                Derivative Instruments on the Consolidated                       
                Statements of Income (Detail)                                    
117: R98         Fair Value Measurements - Fair Values of Assets     HTML     49K  
                and Liabilities Measured on a Recurring Basis                    
                (Detail)                                                         
118: R99         Fair Value Measurements - Narrative (Detail)        HTML     62K  
119: R100        Related Party Transactions (Detail)                 HTML     68K  
120: R101        Unaudited Quarterly Financial Information           HTML    108K  
                (Details)                                                        
121: R102        Business Segment Data - Narrative (Detail)          HTML     70K  
122: R103        Business Segment Data - Net Sales and Gross Profit  HTML    135K  
                by Product (Detail)                                              
123: R104        Business Segment Data - Net Sales By Product        HTML    146K  
                (Details)                                                        
124: R105        Business Segment Data - Quarterly Financial         HTML     62K  
                Information (Details)                                            
125: R106        Shareholders' Equity (Detail)                       HTML     91K  
126: R107        Schedule II - Valuation and Qualifying Accounts     HTML     68K  
                (Detail)                                                         
129: XML         IDEA XML File -- Filing Summary                      XML    238K  
127: XML         XBRL Instance -- fdp-20211231_htm                    XML   5.19M  
128: EXCEL       IDEA Workbook of Financial Reports                  XLSX    189K  
16: EX-101.CAL  XBRL Calculations -- fdp-20211231_cal                XML    359K 
17: EX-101.DEF  XBRL Definitions -- fdp-20211231_def                 XML   1.39M 
18: EX-101.LAB  XBRL Labels -- fdp-20211231_lab                      XML   2.82M 
19: EX-101.PRE  XBRL Presentations -- fdp-20211231_pre               XML   2.00M 
15: EX-101.SCH  XBRL Schema -- fdp-20211231                          XSD    271K 
130: JSON        XBRL Instance as JSON Data -- MetaLinks              691±  1.02M  
131: ZIP         XBRL Zipped Folder -- 0001047340-22-000022-xbrl      Zip   1.92M  


‘EX-31.2’   —   Certification — §302 – SOA’02


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EXHIBIT 31.2
CERTIFICATION
 
I, Eduardo Bezerra, certify that:
 
1. I have reviewed this annual report on Form 10-K of Fresh Del Monte Produce Inc.;
 
2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
 
4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
 
(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 
(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
 
(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
 
5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
 
(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
 
(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
 
 
Date: February 23, 2022
 
Signature:/s/ Eduardo Bezerra 
Title:Senior Vice President
and Chief Financial Officer



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/23/228-K
For Period end:12/31/21
 List all Filings 


3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/26/24  Fresh Del Monte Produce Inc.      10-K       12/29/23  128:17M
 2/22/23  Fresh Del Monte Produce Inc.      10-K       12/30/22  127:25M
 6/09/22  Fresh Del Monte Produce Inc.      S-8         6/09/22    5:453K


10 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/27/22  Fresh Del Monte Produce Inc.      8-K:5,9     1/21/22   11:219K                                   Donnelley … Solutions/FA
 2/20/20  Fresh Del Monte Produce Inc.      10-K       12/27/19  133:29M
10/07/19  Fresh Del Monte Produce Inc.      8-K:1,2,9  10/01/19   13:1.5M                                   Donnelley … Solutions/FA
 7/31/18  Fresh Del Monte Produce Inc.      10-Q        6/29/18   86:8.5M
 2/20/18  Fresh Del Monte Produce Inc.      10-K       12/29/17  132:19M
 3/31/14  Fresh Del Monte Produce Inc.      DEF 14A     3/31/14    1:2.4M
 5/03/11  Fresh Del Monte Produce Inc.      10-Q        4/01/11   38:3.6M                                   Business Wire/FA
 3/24/11  Fresh Del Monte Produce Inc.      DEF 14A     5/04/11    1:993K                                   Donnelley … Solutions/FA
 7/30/08  Fresh Del Monte Produce Inc.      10-Q        6/27/08    6:588K                                   Donnelley … Solutions/FA
 4/30/08  Fresh Del Monte Produce Inc.      10-Q        3/28/08   12:741K                                   Donnelley … Solutions/FA
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Filing Submission 0001047340-22-000022   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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