Derivatives and Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

	December 31, 2020
Sales hedges	U.S. dollars	Euros	Japanese Yen	Canadian dollars
Contract totals/£m	3.0	11.1	0.1	0.1
Maturity dates	01/21 to 03/21	01/21 to 04/21	01/21	01/21
Exchange rates	$1.3045 to $1.3667	€1.0917 to €1.1181	JPY136.89	$1.7409

Purchase hedges	U.S. dollars	Euros	Canadian dollars	Australian dollars	Chinese yuan
Contract totals/£m	4.8	1.7	9.4	0.9	0.9
Maturity dates	01/21 to 04/21	01/21 to 02/21	01/21	01/21	03/21
Exchange rates	$1.3046 to $1.3667	€1.1065 to €1.0944	$1.7409 to $1.7201	$1.7729	¥8.9184

	December 31, 2019
Sales hedges	U.S. dollars	Euros	Japanese Yen
Contract totals/£m	0.1	7.6	0.1
Maturity dates	01/20	01/20 to 03/20	01/20
Exchange rates	$1.2914	€1.1551 to €1.1750	JPY142.86

Purchase hedges	U.S. dollars	Euros	Canadian dollars
Contract totals/£m	1.3	0.8	7.0
Maturity dates	03/20	03/20	01/20
Exchange rates	$1.3228	€1.1663	$1.7137 to $1.7664

Schedule of fair values of the financial instruments

The fair values of the financial instruments of the Company at December 31, 2020, were analyzed using the hierarchy as follows:

In millions	Total		Level 1		Level 2		Level 3
Derivative financial assets:
Foreign currency contract assets	$	0.2	$	—	$	0.2	$	—
Derivative financial liabilities:
Foreign currency contract liabilities	0.4		—		0.4		—
Interest bearing loans and borrowings:
Loan Notes due 2023	25.0		—		25.0		—
Loan Notes due 2026	25.0		—		25.0		—
Revolving credit facility	4.1		—		4.1		—

Schedule of changes in Level 3 instruments

The following table presents the changes in Level 3 instruments for the year ended December 31, 2020.

In millions	2020
Balance at January 1	$	0.5
Payments made during year	(0.4)
Remeasurement of deferred consideration (recognized in acquisition-related costs)	(0.1)
Balance at December 31	$	—
Total gains for the period included in profit and loss	0.1