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Derivatives and Financial Instruments (Tables)
 9 Months Ended
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