Acquisition and disposal related costs (Tables)

9 Months Ended

Sep. 29, 2024

Business Combinations [Abstract]

Schedule of acquisition and disposal cost

	Third Quarter				Year-to-date
In millions	2024		2023		2024		2023
Loss on held-for-sale asset group	$	—	$	—	$	7.5	$	—
Disposal related costs	0.1		—		2.0		—
	$	0.1	$	—	$	9.5	$	—

Results of discontinued operations in the third quarter and first nine months of 2024 and 2023 were as follows:

	Third Quarter				Year-to-date
In millions	2024		2023		2024		2023
Net sales	$	1.6	$	1.9	$	4.7	$	6.1
Cost of goods sold	(1.1)		(1.4)		(3.6)		(5.0)
Gross profit	0.5		0.5		1.1		1.1
Selling, general and administrative expenses	(0.3)		(0.3)		(1.1)		(1.0)
Restructuring charge	—		0.1		(0.1)		(0.1)
Operating income / (loss)	0.2		0.3		(0.1)		—
Tax (charge) / credit	(0.1)		(0.1)		—		—
Net income / (loss)	$	0.1	$	0.2	$	(0.1)	$	—

The assets and liabilities classified as held-for-sale related to discontinued operations were as follows:

Held-for-sale assets	September 29,		December 31,
In millions	2024		2023
Inventory	$	4.1	$	3.3
Accounts and other receivables	2.1		2.3
Current assets	6.2		5.6
Right-of-use-assets	1.6		2.1
Held-for-sale assets	$	7.8	$	7.7
Held-for-sale liabilities
Accounts payable	$	0.7	$	0.9
Accrued liabilities	0.4		0.4
Other liabilities	2.2		2.6
Held-for-sale liabilities	$	3.3	$	3.9

The total assets and liabilities classified as held-for-sale, including those that qualify as discontinued operations are as follows:

Held-for-sale assets	September 29,		December 31,
In millions	2024		2023
Inventory	$	12.1	$	3.3
Accounts and other receivables	8.2		2.3
Current assets	20.3		5.6
Property, plant and equipment	0.2		1.2
Right-of-use-assets	1.6		2.1
Non-current assets	1.8		3.3
Total held-for-sale assets	$	22.1	$	8.9
Held-for-sale liabilities
Accounts payable	2.1		0.9
Accrued liabilities	1.8		0.4
Other liabilities	3.3		2.6
Held-for-sale liabilities	$	7.2	$	3.9