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Derivatives and Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

		December 31, 2019
	Sales hedges	U.S. dollars			Euros			Japanese Yen
	Contract totals/£m	0.1			7.6			0.1
	Maturity dates	01/20			01/20 to 03/20			01/20
	Exchange rates	1.2914			€1.1551 to €1.1750			JPY	142.86

	Purchase hedges	U.S. dollars			Euros				Canadian dollars
	Contract totals/£m	1.3			0.8				7.0
	Maturity dates	03/20			03/20				01/20
	Exchange rates	1.3228			€	1.1663			$1.7137 to $1.7664

		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

28.449

Schedule of fair values of the financial instruments

The fair values of the financial instruments of the Group at December 31, 2019, were analyzed using the hierarchy as follows:

	In millions	Total				Level 1				Level 2				Level 3
	Derivative financial assets:
	Foreign currency contract assets	$	0.3			$	—			$	0.3			$	—
	Interest bearing loans and borrowings:
	Loan Notes due 2021	25.0				—				25.0				—
	Loan Notes due 2023	24.9				—				24.9				—
	Loan Notes due 2026	24.8				—				24.8				—
	Revolving credit facility	16.7				—				16.7				—
	Other financial liabilities:
	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 year ended December 31, 2019.

	In millions	2019
	Balance at January 1	$	0.9
	Payments made during year	(0.5		)
	Unwind of discount on deferred consideration	0.2
	Remeasurement of deferred consideration (recognized in acquisition-related costs)	(0.1		)
	Balance at December 31	$	0.5
	Total losses for the period included in profit and loss for assets held at the end at December 31	0.1
	Change in unrealized (gains) or losses for the period included in profit and loss for assets held at the end at December 31	$	0.1

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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.

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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.

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