Supplementary balance sheet information

9 Months Ended

Sep. 26, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplementary balance sheet information

Supplementary balance sheet information

	September 26,		December 31,
In millions	2021		2020
Accounts and other receivables
Trade receivables	$	50.0	$	33.6
Related parties	0.2		0.2
Prepayments and accrued income	6.5		5.5
Derivative financial instruments	0.1		0.2
Deferred consideration	0.9		0.2
Other receivables	1.3		3.4
Total accounts and other receivables	$	59.0	$	43.1
Inventories
Raw materials and supplies	$	36.2	$	26.2
Work-in-process	23.7		19.7
Finished goods	20.7		22.9
Total inventories	$	80.6	$	68.8
Other current assets
Income tax receivable	1.3		1.5
Total other current assets	$	1.3	$	1.5
Property, plant and equipment, net
Land, buildings and leasehold improvements	$	67.0	$	65.2
Machinery and equipment	265.6		255.3
Construction in progress	6.5		7.8
Total property, plant and equipment	339.1		328.3
Accumulated depreciation and impairment	(250.6)		(242.3)
Total property, plant and equipment, net	$	88.5	$	86.0
Other current liabilities
Restructuring related liabilities	$	8.6	$	9.0
Contingent liabilities	1.5		1.1
Derivative financial instruments	0.1		0.4
Operating lease liability	1.1		2.9
Other current liabilities	1.6		0.1
Total other current liabilities	$	12.9	$	13.5
Other non-current liabilities
Contingent liabilities	$	0.6	$	1.0
Operating lease liability	10.7		6.7
Total other non-current liabilities	$	11.3	$	7.7

7.    Supplementary balance sheet information (continued)

In 2020, the Company classified its Superform aluminum superplastic forming business operating from sites in the U.S. and the U.K, and our U.S. aluminum gas cylinder business, as assets and liabilities held-for-sale in accordance with ASC 205-20 Discontinued Operations. See Note 10 for a breakdown of this disposal group.

Our U.S. aluminum gas cylinder business was sold during the First Quarter of 2021 and our U.K. Superform business was sold during the Third Quarter of 2021.

The respective assets and liabilities of the above disposal group have been reclassified as held-for-sale also included within assets held-for-sale, but not disclosed as discontinued operations, in 2021 and 2020 is one building valued at $3.7 million, within our Elektron Segment.

Both of these respective items have been included in the table below.

Held-for-sale assets	September 26,		December 31,
In millions	2021		2020
Property, plant and equipment	$	4.8	$	11.6
Right-of-use-assets from operating leases	0.4		3.1
Inventory	2.7		12.6
Accounts and other receivables	2.6		8.7
Held-for-sale assets	$	10.5	$	36.0
Held-for-sale liabilities
Accounts payable	0.6		4.3
Accrued liabilities	0.1		1.5
Other current liabilities	1.0		5.6
Held-for-sale liabilities	$	1.7	$	11.4

There has been no reclassification of items from other comprehensive income to the income statement as a result of items reclassified to held-for-sale.