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Derivatives and Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments

 
June 30, 2019
 
 
Sales hedges
U.S. dollars
 
Euros
 
 
Contract totals/£m
2.0

 
8.8

 
 
Maturity dates
07/19

 
07/19 to 08/19

 
 
Exchange rates
$1.2669 to $1.3419

 
€1.0949 to €1.1671

 
 
Purchase hedges
U.S. dollars
 
Euros
 
Canadian dollars
 
 
Contract totals/£m
5.4

 
0.9

 
2.6

 
 
Maturity dates
07/19 to 08/19

 
07/19 to 09/19

 
07/19

 
 
Exchange rates
$1.2703 to $1.3239

 
€1.1112 to €1.1286

 
$
1.6806

 
 
 
December 31, 2018
 
 
Sales hedges
U.S. dollars
 
Euros
 
 
Contract totals/£m
4.8

 
7.2

 
 
Maturity dates
01/19 to 07/19

 
01/19 to 07/19

 
 
Exchange rates
$1.2519 to $1.3419

 
€1.0949 to €1.1702

 
 
Purchase hedges
U.S. dollars
 
Euros
 
Canadian dollars
 
Czech koruna
 
 
Contract totals/£m
7.5

 
1.7

 
2.9

 
0.1

 
 
Maturity dates
01/19 to 07/19

 
01/19 to 06/19

 
01/19 to 03/19

 
01/19

 
 
Exchange rates
$1.2609 to $1.3380

 
€1.1074 to €1.1221

 
$1.7039 to $1.7416

 
CZK 28.4490

 
Schedule of fair values of the financial instruments
The fair values of the financial instruments of the Company at June 30, 2019, 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
(0.3
)
 
—

 
(0.3
)
 
—

 
 
Interest bearing loans and borrowings:
 
 
 
 
 
 
 
 
 
Loan Notes due 2021
(25.0
)
 
—

 
(25.0
)
 
—

 
 
Loan Notes due 2023
(25.6
)
 
—

 
(25.6
)
 
—

 
 
Loan Notes due 2026
(26.2
)
 
—

 
(26.2
)
 
—

 
 
Revolving Credit Facility
(28.2
)
 
—

 
(28.2
)
 
—

 
 
Other financial liabilities:
 
 
 
 
 
 
 
 
 
Lease liabilities
(16.4
)
 
—

 
(16.4
)
 
—

 
 
Deferred contingent consideration
(0.5
)
 
—

 
—

 
(0.5
)
 
Schedule of changes in Level 3 instruments
The following table presents the changes in Level 3 instruments for the Second Quarter ended June 30, 2019.
 
In millions
2019
 
 
Balance at January 1,
$
0.9

 
 
Payments made during year
(0.5
)
 
 
Unwind of discount on deferred consideration
0.1

 
 
Balance at June 30,
$
0.5

 
 
Total losses for the period included in profit and loss for assets held at the end at June 30,
0.1

 
 
Change in unrealized (gains) or losses for the period included in profit and loss for assets held at the end at June 30,
$
0.1