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BALANCE SHEET VALUES OF FINANCIAL ASSETS AND LIABILITIES BY MEASUREMENT CATEGORIES (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure of detailed information about financial instruments [abstract]  
Schedule of financial assets and liabilities per level
December 31, 2025December 31, 2024
In millionsCategoryCarrying amountFair ValueLevel 1Level 2Level 3Carrying amountFair ValueLevel 1Level 2Level 3
NON-CURRENT FINANCIAL ASSETS
Other non-current financial assetsAmortized cost$54.4 $— $— $— $— $43.0 $— $— $— $— 
Other non-current financial assetsFair value through OCI14.3 14.3 — — 14.3 12.6 12.6 — — 12.6 
Promissory notesAmortized cost— — — — — 4.2 4.2 — — 4.2 
Derivative financial instruments (3)
Foreign exchange derivatives - used in hedge accountingFair value through OCI0.5 0.5 — 0.5 — 2.2 2.2 — 2.2 — 
Cross Currency Swaps - used in hedge accountingFair value through OCI1.5 1.5 — 1.5 — — — — — — 
CURRENT FINANCIAL ASSETS
Hold-to-collect accounts receivableAmortized cost750.8 — — — — 630.7 — — — — 
Available for sale receivablesFair value through OCI58.5 58.5 — — 58.5 36.2 36.2 — — 36.2 
Other non-interest yielding receivables (1)Amortized cost134.3 — — — — 127.5 — — — — 
Promissory notesAmortized cost4.4 4.4 — — 4.4 7.0 7.0 — — 7.0 
Derivative financial instruments (3)
Foreign exchange derivatives - used in hedge accountingFair value through OCI11.5 11.5 — 11.5 — 38.9 38.9 — 38.9 — 
Foreign exchange derivatives - not used in hedge accountingFair value through profit or loss10.8 10.8 — 10.8 — 5.6 5.6 — 5.6 — 
Cash and cash equivalentsAmortized cost652.3 — — — — 345.4 — — — — 
Total financial assets per level$— $24.3 $77.2 $— $46.7 $60.0 
December 31, 2025December 31, 2024
In millionsCategoryCarrying amountFair ValueLevel 1Level 2Level 3Carrying amountFair ValueLevel 1Level 2Level 3
NON-CURRENT FINANCIAL LIABILITIES
Non-current borrowingsAmortized cost$792.3 $835.8 $— $835.8 $— $790.8 $809.0 $— $809.0 $— 
Non-current lease liabilitiesAmortized cost660.9 — — — — 439.0 — — — — 
Other non-current liabilitiesAmortized cost4.0 — — — — 13.6 — — — — 
Derivative financial instruments (3)
Foreign exchange derivatives - used in hedge accountingFair value through OCI3.2 3.2 — 3.2 — 0.6 0.6 — 0.6 — 
Cross Currency Swaps - used in hedge accountingFair value through OCI— — — — — 1.2 1.2 — 1.2 — 
CURRENT FINANCIAL LIABILITIES
Current other borrowingsAmortized cost142.8 — — — — 136.5 — — — — 
Current lease liabilitiesAmortized cost157.1 — — — — 116.9 — — — — 
Accounts payableAmortized cost769.8 — — — — 549.0 — — — — 
Other current liabilities (2)Amortized cost841.0 — — — — 671.1 — — — — 
Contingent consideration related to acquisitions (2)Fair value through profit or loss20.0 20.0 — — 20.0 — — — — — 
Derivative financial instruments (3)
Foreign exchange derivatives - used in hedge accountingFair value through OCI62.2 62.2 — 62.2 — 14.3 14.3 — 14.3 — 
Foreign exchange derivatives - not used in hedge accountingFair value through profit or loss6.0 6.0 — 6.0 — 8.0 8.0 — 8.0 — 
Total financial liabilities per level$— $907.2 $20.0 $— $833.1 $— 
Schedule of financial assets and liabilities per measurement category and changes in Level 3 items in financial instruments
The following table presents a reconciliation of the Prepaid expenses and other assets and Accrued liabilities, as shown on the consolidated statement of financial position, with the Other non-yielding receivables and other current liabilities, respectively, as shown above:
In millionsDecember 31, 2025December 31, 2024
(1) Other non-interest yielding receivables
Prepaid expenses and other assets$200.0 $213.2 
Less:
Other tax receivables39.0 34.2 
Derivative financial instruments22.3 44.5 
Promissory notes4.4 7.0 
Total$134.3 $127.5 
(2) Other current liabilities
Accrued liabilities$1,002.8 $747.7 
Less:
Other tax liabilities73.6 54.3 
Derivative financial instruments68.2 22.3 
Contingent consideration related to acquisitions20.0 — 
Total$841.0 $671.1 
(3)The values as per the consolidated statement of financial position of the derivatives have been recorded as they are disclosed in the Company’s consolidated statement of financial position and fair value reserve, and therefore cannot be reconciled with their actual fair values.
The following table presents the Company’s total financial assets and liabilities per measurement category:
In millionsDecember 31, 2025December 31, 2024
FINANCIAL ASSETS
Amortized cost$1,596.2 $1,157.8 
Fair value through profit or loss10.8 5.6 
Fair value through OCI86.3 89.9 
Total$1,693.3 $1,253.3 
FINANCIAL LIABILITIES
Amortized cost$3,367.9 $2,716.9 
Fair value through profit or loss26.0 8.0 
Fair value through OCI65.4 16.1 
Total$3,459.3 $2,741.0 
The following table presents the changes in Level 3 items during the years:
In millionsUnlisted equity
securities
Promissory
notes
Available for sale receivablesContingent consideration related to acquisitions
Opening balance January 1, 2024$9.2 $6.8 $2.6 $— 
Additions— 54.0 318.1 — 
Disposals— (48.9)(284.5)— 
Gains recognized in OCI3.5 — — — 
Exchange rate losses— (0.7)— — 
Closing balance December 31, 202412.6 11.2 36.2 — 
Additions1.8 29.5 86.5 20.0 
Disposals— (37.0)(64.2)— 
Exchange rate (losses)/gains(0.1)0.7 — — 
Closing balance December 31, 2025$14.3 $4.4 $58.5 $20.0 
Schedule of valuation techniques
The following table shows the valuation technique used in measuring Level 3 fair values for financial instruments in the consolidated statement of financial position, as well as the significant unobservable inputs used.
TypeValuation techniqueSignificant unobservable input
Unlisted equity securitiesMarket comparison approach: fair value of unlisted equity securities is determined by reference to market multiples of comparable listed companies, adjusted by discount for lack of marketability.(i) Sales growth factor
(ii) Risk-adjusted discount rate
Promissory notesThe carrying amount approximates fair value due to the relatively short period to maturity of these instruments and low credit risk of counterparty.

Long-term promissory notes are valued using a discounted cash flow. Expected future cash inflows are discounted over the term of the respective contracts using market interest rates as at the reporting date, adjusted for the credit risk of the counterparty.
The carrying amount approximates fair value for short-term promissory notes due to the relatively short period to maturity of these instruments and low credit risk of counterparty.

For long-term promissory notes, the significant unobservable input is the risk adjusted discount rate.
Available-for-sale receivablesThe carrying amount approximates fair value due to the short-term maturity of these instruments and low credit risk of counterparty.The carrying amount approximates fair value due to the short-term maturity of these instruments and low credit risk of counterparty.
Contingent consideration related to acquisitionsThe carrying amount approximates fair value due to the short-term maturity of this liability.The carrying amount approximates fair value due to the short-term maturity of this liability.