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Derivatives and Financial Instruments (Tables) | 9 Months Ended
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Sep. 29, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments |
|  | September 29, 2019 |
| Sales hedges |  | Euros |
| Contract totals/£m |  | 3.6 |  |
| Maturity dates |  | 11/19 to 12/19 |  |
| Exchange rates |  | €1.1221 to €1.1234 |  |
| Purchase hedges | U.S. dollars |  | Euros |  | Canadian dollars |
| Contract totals/£m | 5.9 |  |  | 0.8 |  |  | 5.9 |  |
| Maturity dates | 09/19 to 12/19 |  |  | 12/19 |  |  | 09/19 to 10/19 |  |
| Exchange rates | $1.2287 to $1.2424 |  |  | $1.1205 |  |  | $1.6213 to 1.6476 |  |
|  | 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 September 29, 2019, were analyzed using the hierarchy as follows:
| In millions | Total |  | Level 1 |  | Level 2 |  | Level 3 |
| Interest bearing loans and borrowings: |  |  |  |  |  |  |  |
| Loan Notes due 2021 | (25.0 | ) |  | — |  |  | (25.0 | ) |  | — |  |
| Loan Notes due 2023 | (25.5 | ) |  | — |  |  | (25.5 | ) |  | — |  |
| Loan Notes due 2026 | (26.2 | ) |  | — |  |  | (26.2 | ) |  | — |  |
| Revolving Credit Facility | (31.7 | ) |  | — |  |  | (31.7 | ) |  | — |  |
| Other financial liabilities: |  |  |  |  |  |  |  |
| Lease liabilities | (15.2 | ) |  | — |  |  | (15.2 | ) |  | — |  |
| Deferred contingent consideration | (0.6 | ) |  | — |  |  | — |  |  | (0.6 | ) |
Schedule of changes in Level 3 instruments | The following table presents the changes in Level 3 instruments for the Third Quarter ended September 29, 2019.
| In millions | 2019 |
| Balance at January 1, | $ | 0.9 |  |
| Payments made during year | (0.5 | ) |
| Unwind of discount on deferred consideration | 0.2 |  |
| Balance at September 29, | $ | 0.6 |  |
| Total losses for the period included in profit and loss for assets held at the end at September 29, | 0.2 |  |
| Change in unrealized (gains) or losses for the period included in profit and loss for assets held at the end at September 29, | $ | 0.2 |  |

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- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2C -URI http://asc.fasb.org/extlink&oid=99377789&loc=SL7498348-110258 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bb) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19279-110258 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109980867&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5579240-113959 + Details
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