Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Taxes

Income before income taxes consisted of the following:

	Years ended December 31,
In millions	2021		2020		2019
U.K.	$	21.8	$	21.0	$	13.4
International(1)	13.6		6.7		2.9
Income before income taxes	$	35.4	$	27.7	$	16.3

(1) "International" reflects non-U.K. income before income taxes.

Schedule of Provision for Income Taxes

The provision for income taxes consisted of the following:

	Years ended December 31,
In millions	2021		2020		2019
Currently payable
U.K.	$	2.0	$	(0.2)	$	0.7
International(1)	5.4		2.3		2.9
Total current taxes	$	7.4	$	2.1	$	3.6
Deferred
U.K.	$	(1.1)	$	2.1	$	4.5
International(1)	(0.9)		2.7		(0.5)
Total deferred taxes	$	(2.0)	$	4.8	$	4.0
Total provision for income taxes	$	5.4	$	6.9	$	7.6

(1) "International" reflects non-U.K. income taxes.

Reconciliation of Income before Income Taxes and Total Provision for Income Taxes

Differences between the financial reporting and the corresponding tax basis of assets and liabilities and the different income tax rates and laws applicable to the Company, among other factors, give rise to permanent differences between the statutory tax rate applicable in the U.K. and the effective tax rate presented in the Consolidated Income Statement, which in 2021, 2020 and 2019, were as follows:

	Years ended December 31,
In millions	2021		2020		2019
Income before income taxes	$	35.4	$	27.7	$	16.3
Provision for income taxes at the U.K. statutory tax rate (2021: 19%, 2020:19%, 2019: 19%)	6.7		5.3		3.1
Effect of:
Non-deductible expenses	1.9		1.7		2.7
Movement in valuation allowances	(0.6)		0.8		1.2
Differences in income tax rates in countries where the Company operates(1)	0.5		(0.1)		1.1
Effect of changes in tax rates (2)	(2.0)		0.1		(0.1)
Movement in uncertain tax positions	—		(0.4)		0.4
Other	(1.1)		(0.5)		(0.8)
Total provision for income taxes	$	5.4	$	6.9	$	7.6

(1) Refers mainly to the effects of the differences between the statutory income tax rate in the U.K. against the applicable income tax rates of each country where the Company operates.

(2) An increase in the U.K. corporation tax rate from 19% to 25%, effective from April 1, 2023, was announced in March 2021. Rate changes also occur in each period as a result of changes in the average state tax rate in the U.S.

Schedule of Unrecognized Tax Benefits

Reconciliations of the beginning and ending gross unrecognized tax benefits were as follows:

	Years ended December 31,
In millions	2021		2020		2019
Beginning balance	$	2.4	$	3.2	$	3.2
Gross increases based on tax positions related to the current year	0.1		0.6		0.6
Reductions due to expiry of statute of limitations	(0.7)		(1.4)		(0.6)
Ending balance	$	1.8	$	2.4	$	3.2
Non-current	$	1.8	$	2.4	$	3.2

Summary of Tax Years Open by Major Tax Jurisdiction

The following is a summary of the tax years open by major tax jurisdiction:

Jurisdiction	Years open
U.K.	2019 - 2021
U.S. Federal	2018 - 2021
U.S. State and local	2018 - 2021
France	2018 - 2021
Germany	2017 - 2021
China	2018 - 2021
Canada	2017 - 2021

Schedule of Deferred Tax Assets and Liabilities

Deferred taxes were recorded in the Consolidated Balance Sheets as follows:

	December 31,
In millions	2021		2020
Deferred tax assets	$	8.0	$	16.5
Deferred tax liabilities	(2.7)		(2.0)
Net deferred tax assets	$	5.3	$	14.5

The tax effects of the major items recorded in deferred tax assets and liabilities were as follows:

	December 31,
In millions	2021		2020
Deferred tax assets
Pension benefits	$	0.5	$	9.9
Accrued liabilities	1.5		0.7
Tax loss and credit carry forwards	28.3		25.8
Employee compensation benefits	2.9		1.9
Other	2.1		1.5
Total deferred tax assets	35.3		39.8
Valuation allowances	(18.0)		(19.3)
Deferred tax assets, net of valuation allowances	$	17.3	$	20.5
Deferred tax liabilities
Property, plant and equipment	$	4.5	$	1.7
Pension benefits	3.5		—
Goodwill and other intangibles	2.4		3.2
Other	1.6		1.1
Total deferred tax liabilities	$	12.0	$	6.0
Net deferred tax assets	$	5.3	$	14.5